1931-05-21 — Page 11

ADVERTISEMENTS.

G.

R.

PUBLIC AUCTION. DARTICULAHS & CONDITIONS

Pe Sale by Pablic Auction to be hold on TUESDAY, the TH DAY OF MAY, 1931, 3 PM, at the Offices by of the Publia

HONG KONG DAILY PRESS, THURSDAY, MAY 21, 1931.

Money and Markets

MERCANTILE BANK OF INDIA.

india.

On this ocasion last year I had to report unlavours! ly upon the

Order of HIS EXORIZEROY THE GOVERNOR, LEAN YEAR REVIEWED BY conditions in India and to-day,

of

One Lot of CROWN LAND at Fuk

Works

Department,

Strost, Shamshuipo, in the Colony

1898,

Hong Kong, for a term of 75 year

commending from 1st July

CHAIRMAN.

with the option of renewal at Crown EFFECT OF SILVER SLUMP Rent to be fixed by the Sarvayor of His MAJESTY TUZ KING, for one further torta of 24 years less three days.

PARTICULARS OF THE LOT.

New Kowloon Inland

Lot No. 1500.

Fak Wing Street,

No. of Sale

Begintry No

Locality.

Q.

-odingemens

Boundary

Measure.

*mosia.

A per

Bile plan.

-ચય

Contenta in

Square feet.

Ankusi

Rental

❤ | Upset Price. I

About

B

:

49

749

PUBLIC AUCTION. PARTIOale by Public Auction to PARTICULARS & CONDITIONS be held on TUESDAY, the 28гH DAY of MAY, 1931, at 3 .., at the Oces of the Public Works Department, by GOVERNOR, of One Lot of CROWN LAND at Worg Nei Chung, in the Colony of Hong Kong, for a term of 75 with the option of renewal at a Crown Rent to be fixed by the Surveyor of HIS MAJESTY, THE KING, for one further term of 75 years.

No. of Sale.

Order of His EXCELLENOY THE

PARTICULARS OF THE LOT.

Locality.

Inland Lot

No. 3188.

luland Lot No. 2503,

Wong Nei Chang,

Registry No.p

Yem Street,

Boundary

Mensure.

ments.

N. B. 2.7.

As per

esie plau

Contents i

About

Square fee

Annual

Rental.

00%2

བྷྲ

[740

11,000

** | Upset Price.

CREDIT. FONCIER D'EXTREME ORIENT.

MORTGAGE BANK AND ESTATE :

AGENTS.

"PEAK MANSIONS" Biz-zoomed & Five-roomed Apartmants PRINCE EDWARD BOAD, KOWLOON,

Detachol and Semi-detached Villas Modern Construction with Garage,

"CAMBAY BUILDINGS” Fiata with Modern Convenienser.

COMING? ??

UST MAGINE

WILKINS' NORTH POLE TRIP.

GERMAN EXPLORER LEAVES TO JOIN EXPEDITION.

IN CHINA,

The thiris qighth annual general meeting of the shar holders of the Mercantile Bank of India, Ltd., gens held at Winchester House, Old Broad Street, Lond, E.C., on March 31, Mr. J. Ryrie, the Chairman,, presiding.

of silver is not only to keep for eigh geads out of Chinn," but to encourage the manufacture in China of cotton goods which, in addition to Japanese goods, aro now competing with British goods in Eastern markets, Otherwise, conditions in China appear to bo settling down and more under the control of the present Government,. The receipts of the Chiness Maris time. Customs last year show a further increase at taois 180,000,000, And the duties are now levied in the form of gold units, but it will not be surprising if in the current year these receipts show a decline as the result of reduced imports.

Outlook for Durrent Year.

regret to say, I can only describe the course of events during the past year as depressing and deplor. able. It was to be expected, of course, that India would partici- pato in the world-wide depression and, like other countries producing primary products, would suffer au the result of the further severe fall

In referring last year to the out- in prices of cotton, sute, tea and look for the then current year I other produce, but to this, unfor- said it was obscure, and it is more tunately, has been added the ill than ever difficult to day to fore- effects of Congress activities in chat what is in store for us this the shape of a sivi: disobedience year. The losses" sustained in the campaiga and the boycott of Bri-past year, as the result of the un tish goods, which have proved día astrous to the genal trade of the country and brongist suffering to the people The da anging effects of this polical rgitation trade and finance are to be seen in every dinction and particular ly in the rectly pablished Indian Budget figuns,

Mr. Ryrie anid: 11 is not neces

precedented fall in pages of every sary for me to remind you of the

commodity, has created a want of acute and world-ando depression of

confidence which must be restored bofore we can hope to see any real the past year, as we are all feeling

upon improvement, and we cannot expect the effects of this, and no doubt

this until there is clear evidenco you have studied the views, buth

of some stability in the price lovel practical" and theoretical, as to the

and the many necessary adjust- ments to the new conditions are canses to which this depression 18

In Ceylon there was no boycott effected. So far as this country is attributed by the therman of the

or civil discdience, but none the concerned, the constantly increas- big banks and other minent econo mista, but perhaps you will expect less the island has participated in ng National Expenditure, and the the world-wide depression. There the resulting heavy burden of taxa. me to express tay views on situation. It is, I think, to the was no serio decline in the avertion, requires to be taken in hand catastrophic fall in prices that we age price of Ceylon ta during the must look for the case of this de past year, lat with reduced ship. pression, and it is in their efforts ments the value of these full from to account for the decline in prices about £20,000,000 to £17,000,000. It that our leading authorities differ in from the serious freline in the so much, but, while no doubt other price of rutber that Ceylon has factors' have contributed, the fact auffered mest, the shipinents having

IMPORTS-PRICES

CURRENT.

The reports and prloos are published nä applied by Importers, and the Chawber cannot socopt responsibility for the necuracy the roof.

Metals,

Market dull. Home and local prices down.

IRON AND STR

Stool Nall Rods

#

"

יד

Bars (round to 1′′)

Anglet

Roda Jolate

TH

Sheets (4′ x B##7).

"Pixtos *** Small round rods

Hoops, black stoc!

galvanised

***

QUOTATIONE, Continental.

per picul #0.80

6.00-8.70

5.05

H

0.85 6.40-700

10.00

0,30

6.00-8.85 7.00

18.00

Black Tubes, i/l"...Discunt 70% c. at

00% Galv. Tubes 1/ Wire Nalle, 1-8... p. pioul $1080-10.50 Galvan, corrugatod alieels, 240$10.80

24/28 J por 100 lbs. 281180 Galvanised flat shoots, 1/33",

1/03/20**4...perlh. $14.60 Galv. wire 18/22 ... picul 17.00-18.00

British

LEAD

B.M., Spot...p. pleal $10.30 $10.00

To arrive...

Australian-

B.II.P., Spot "

To arriro...

N

14.10

10.40 13.20

10,30

War & OD MATERIALA ...p. ptoal 28.00

við

16.00

16.40

177.40

TIN PLATE

British. English 10., 207 × 147,

100 lba, Spot...p. box $18.00 $16.30 Do., To arriva English LC.W, 188"x14",

110 lbs. Spot...p. box 17.10 Do., To arrivo American I.C.W. (Spot) 20 x 14

100 lbs., 112ahoota...per box Nostocks American I.C.W. Tortive 20′′x14′′

100 lbs., 118 shoots... per box $19.00

Petroleum Products.

vigorously, and wo ust hope the War BOON BRAND Royal Commission appointed to report upon unemployment insur-

ance and the more recently ap pointed Economy Committee will point the way to less extravagant spending. In the meantime the is that supply has overtaken di- | fallen off from 20,000 tons in 1029 coming Budget is awaited with ap to 75,000 tons last year, while in prehension and until the means to value there is the enormous deeling he adopted for the purpose of meet from say ,000,000 to not inuching the large deficit are disclosed there is not likely to ba any ac- more than £3,000,000.0

tivity in trade or confidence in the future.

mand.

more

I do not believe tant a scarcity or the mal-distribution of gold is necessarily responsible for the fall, nor do bolieve that a different monetary policy would have altered the situation, indeed, i think that, beginning with the boom after the War, and again during a recent, period, credit was granted too freely and with the result that inflation and over-production fol- lowed. The various vain attempts to hold up prices in the face of over-production by means of pools restrict supplie and schemys to have also proved a source of weak-

nesa,

Gold Distribution.

cause

Billish Malaya.

No Bigns of Revival,

British Malaya, of course, has

The feeling in favour of a tariff felt the effects of not only the dis astrous decline in rubber, but also on imports of manufactured arti is intended for revenue purposes the heavy fall in tii, and the conclos is growing and so far as this and to avoid any further increase dition at affairs there has been even more wrious than elsewhere, with many failures of dealers in direct taxation I would welcome both exports and imports. The it, but to suggest the imposition of average price of rubber last year tariff temporarily for the pur was only aid, as compared with pass of 1aising price; seems to me

a most disturbing proposal. 10d in 1989, while the correspond- ding average for in are about

At the moment, therefore, I seg £142 and $204. The gross ship. ments of ribber, which include im- no definite signs of any distinct re- The mal-distribution of gold is ports from the Dutch East Indies-vival in trade and the fact that so the effect rather than the were 547,00 tons, against 579,000 much shipping is unemployed and of the fall in the price level and due tons in 1999 but it is the compara- railway trafic receipts show no up- to the diffenlty debtor countries, tive values of these that bring the ward movement is not encouraging. particularly those producing prim-position home, as while the latter But as the selling prices of so many ary products, have in discharging quantity is entered at over £30,000,- primary products are now below their obligations owing to low 000, the value of the shipments last the cost of production it is difficult prices and high tariff walls, while year was not much in excess of to believe that a position of this of course the purchasing power of £27,000,000. The shipments of tin, king can continuo Indefinitely, and such countries has been reduced. | at about $7,000 tons compare with I think it is not too much to my "Then in spite of her marge holding 102,000 tons in 1923, the relative that we have at least arrived at £1,000,000 and a convalescent stage, though some of gold, the United States is suffor- valves being say ing equally with other countries £21,000,000 Then, to show the loss means of adjusting the cost of from low prices, depression in trade ¦ of 'balane between the prices of manufactured gonds to the price of materials we import, by a ro ́and unemployment, while, if there primary products and manufactur were any real starcity of gold, ed goods, I may mention that, adjustment of money wages or money would not be so cheup as it while the total imports into Bri- otherwise, is required to bring about a normal exchange of com- modities.

is to-day, and this being the positish Malaja last year are valued tion we must attrabate the fall in

at £82,000,000, the exports are put prices and the consequent depres down as worth only £70,000,000, sion to causes other than a lack the figura for 1920 being £102, 000,000 and £107,000,000 respective of credit.

17.

Thorò disequilibrium between

In speaking of Chinn, in which production and consumption as the result of the low prices ruling for perhaps I may include Hong Kong, Oslo, May 12-The Gorman polar primary prdoucts and the compara. the worst and most disturbing foa ture of the past year was the explorer, Dr. Villingor, is in Oslo on his way to Bergen to join the tively high prices demanded for Sir Hubert Wilkins polar expedi- manufactured articha, and until | perpendicular drop in silver from tion in the aubmarine Nautilus. this loss of balance as adjusted we | 218d. - to K1/10d., with a more ur

Dr. Villinger says the expedition are not likely to se: any improve less cormponding decline in the will not plunge precipitately into adventures but first will carry outment in trade generally, and as extensive teste before thinking of prices of raw materials are already entering the Polar basin. The so low the adjustinut must come tests will be at Svalbard and along

from a reduction in the cost of the edge of the Polar ice cap.

The results of these tests may manufactured goods, intó which necessitato the postponement of the wages, in this county particular trip to the North Pole until next year but if tests are thoroughly, enter so largely. The disequili satisfactory it may be possible to brium to which I have referred is make a trip to the North Pole and illustrated by the fact that, while return to Svalbard this summer, we are buying our raw materials leaving the trip across to Alaska,

at more or less pre-war prices, we until next year.

Dr. Villinger speaks of an inter-ate demanding about 80 per cent esting experiment that will be tried at the North Pulo, Ile says above the pre-war level for the if the Nautilus finds the airship goods we export, this being due to

ཏཀ །

The prospects of Indian trade some early depend largely upon change for the better in the poli tical situation and the coming Monsoon, both uncertain, factors, but with an improvement in the economic position as the result of better pricas for coltun, jute and tea, I would look for less inter- forence with the trade and finance

of the country. To refer in detail

to the outlook in other. Eastern sterling maluo of the Shanghai trol from 25, 115/18d, to is, 4f and markets would be taking up your time unnecessarily, as this will do. in the Hong Kong dollar from 15. 8d. to le 1 18/1ed. This, of pend almost entirely upon whether course, had a disastrous effect upon

or not there is an improvement in imports ind, owing to lack of de- the demand for and prices of rub- so far La China is concerned the mand from consuming countries, ber, tin, rice and sugar, though exports have not benefited, while

trade in and with that country will at time, China, like India, han been a sellor instead of a buyer be influenced by the course of silver. of silver, which, as is the case with From all I have said you will une

derstand I do not take a very op other commodities, suffers from

timistic view of our prospects this over-production.

year, but you may rely that we are not only watching the situation closely but are alive to the necessity of exerising caution, and I can only hope that' at our next meeting wo may be able to render a satisfactory account of our operations

The fall in silver, et ecurso, does Graf Zeppelin, which is also going the disparity between wholesale hot only affect China and Lan to the Arctic, at the Pole an ab- and retail prices, the latter of cashire, but other countries export tempt will be made to exchange members of the crows of airship which are responsible for the stilling to Chips, such ne Burma and and submarine in order to prove high cost of living and which in Siam, from which, sources "China whether it is possible to station and turn stands in the way, of a re relieve a motoorological expedition at the North Pola

duction in wages.

draws luge supplies of rise: “Then a further result of the low price

Comer Brand Cook

JJ

44

British.

...per care $4.58

3,89

H

8.83

19

2 tỉnh 8.00

bulk 7.40

CLO 11.15

Caso 8.30

EAGLE BRAND SocorY MOTOR GASOLENE*** Crown DRAND CaoSS BRAND

SILVAN LIGHT

-LAMP GLADB

68 lbs, 3 tins 8,00 81. gulls. 68 lb, bulk 7.40 71 lbs. 3 time 7.74 8. galls. 71 lb bulk 7.14

BULL MOTOR SPIRIT

+

14

2 time 7.84

cago 11.16

2 in 10.00

bulk 1040

galion (ex pump) 1.25

SCALE

+

YIN Foo

하

TEXACO MOTOR BriBIT

KAPING-No. 2 Lump

-

CASO 8.30

D 8.10 "11,10

por gal, ox pump 1,25 Goals. QUOTATIONE, por ton $14.00 Special Slack... No. 1 Black No. 2 Black...

Flour

QUOTATIONE 1

MAXIT:-Wear.

10

"

American Patent ...per sack

Straight Cut off Australian No. 1 Canadian Cut of

1

STOCK I

Straight Mixturs... 2nd Cloar...

Amerisan... Canadian... Australiap...

18.40

12,00

11.10

24,40 $2.80-9.10

2.00-8.20

3.00-3.25

3.05-3,15

8.00-9.10

2.85

*8.05

450,000 longe

60,000

40,000 "

nod

670,000 bags

Sundries.

WINDOW GLABE

Fair average sizes

JAYA:

M

T

1/16" thick (18 oz.) p.box $ 8.60 1/5/

17.28 China, India and Straits Produce, SUGAR

Por Beported sales ploul picula. Rough White... $8.23-8.83 17,585.00

(Spot) Do

9.23-8.03 12,788.00

Fine White 0.45-0.89

Rough Brown... 7.45.8.03

Do

7,93-7.06

7.39-8,80

.

Molas

**

SHIPBUILDERS,

SHIP REPAIRERS, BOILER MAKERS,

FORGE MASTERS,

OXY-ACETYLENE AND ELECTRIC WELDERS,

MECHANICAL AND

ELECTRICAL

ENGINEERS.

-DRY DOCK-

TAIKOO DOCKYARD & ENGINEERING COMPANY

OF HONG KONG, LIMITED.

SALVAGE TUG "TAIKOO"

WIRELESS CALL

V.P.G.N. 600 Merage.

Length 787 Feat. Length on Blocks 750 Feet. Depth in Centre of

· 5III (H.W.O.S.T.) 84 ft. 6 ina.

-THREE SLIPWAYS.

Capable of Handling Ships Up to 4,37) Toas Displacement

Electric Urans at Sea Wall. Capable of Lifting 100 Toas at 70 Post Radius.

BUTTERFIELD & SWIRE, Agents,

HONG KONG, CHINA & JAPAN.

TEL ADDR: “Taikoodout. Hows KousTM TELEPHONE: 37211

CALL"Fiao: "O" Ovas “ām. Pamans”

THE NEW ROUTE HOME BY THE

LLOYD TRIESTINONAVIGATION CO.

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& PORT SAID TO

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Vessela ventilated on the thermo-tank system throughout, Surgeon, Stewardesses, laundry, hair dressers, cinema, orchestra.

NEXT SAILING

'S.S. “GANGE "

17th June.

• Particular attention is called to the 8.9. "Gango" which

will make the pausage :**

Hong Kong to Italy

Hong Kong to London

For further particulars apply to

443

24 days

26 days

DODWELL & CO., LTD.

Agents.

(TAT) THE PERFECT HOLIDAY.

(Spot) 19,100.00 (Spot.) 1,050,00 (To arrive.) 2,872.00 (Spot.)

EXCHANGE RATES.

(SHITION WIRELESS BERVICE]

Paris New York Brussels Geneva Amsterdam Milan

Berlin

RuaDY, May 10.

124.35)

4.80 17/32

24.00)

35.23

1211

02.01)

20.42)

Stockholm Copenbrigen Oslo Vienna Prague... Helsingfors Madrid Lisbon -Athena Bucharest.

16.14)

18.10

18.10

24.00)

1041

103)

48,8

108,25

375

817 31

35 1/10

30

Rio Buonos Airca Montevideo Bombay Shangbai Hong Kong Yokohama Silver:- Spot Forward

1/22

· 11 · · ·

JAVA

BALI

Good hotels in cool mountain

resorta.

Good trains, excellent motor-

smoothing asphalt roads. Regular daily air services.

Interesting native life.

HONG KONG-MANILA-MAKASSAR-HALI-BOERABAIA-

'BATAVIA-HONG KONG,

FARE R44.8/5. Inclusive of Railway and Aeroplane Faros, -

(THOS, COOK

You may book with AMERICAN EXPRESS

{JAVA CHINA-JAPAN LIJN

TO BATAVIA-Through Java and Bali back via Macassar.

S.S. “TJIKARANG"

2nd June.

8.8. "TJIBONDARI”.

16th Juno,

TO BALI via Manila-Makasar-Soerabala back through Java

vis Batavia,

MR. TJINEGABA'

26th May.

8.8. "TJIBADAK”

3th June.

TO AMOY AND SHANGHAI.

8,8, "TJISUNDARI "

23rd May,

1/3 13/10

2/- 18/32.

For further particulars apply to

JAVA-CHINA-JAPAN LIJN.

York Building,

Telephone 28015.

120/10 12!