1931-09-11 — Page 11

and Markets

Money and

SINGAPORE SHARE RAUB AUSTRALIAN

CIRCULAR.

FRASER & CO.'S WEEKLY REPORT.

Quiet conditions have, again pro- vailed in the local market through- _out, the week and there is very little

to report.

As regards Tin the shipments from the Straits for August are returned at 0,070 tons and Smelters production for the current month is estimated at, 3,000 tons. The Siam ese Government participates in the Restriction Scheme na from Septem- bor 1 with a minimum pro duction of 10,000 tons annually by arrangement with the other signalories to the agreement. The

GOLD MINING CO.

REVIEW OF PAST YEAR AT

ANNUAL MEETING.

HONG KONG DAILY PRESS, FRIDAY, SEPTEMBER 11, 1931.

GERMAN BANK RATE CUT,

REICHSBANK'S REDUCTION

·ÓF 2 PER CENT.

Borlin, Sept. 1. The Reichsbank. to-day announced: that its dis- count rate has been reduced in the amount of two per cent, from ton per cent, to sight per coup.

"The reduction at the Relche-

CANADIAN SHIPS FOR SALE.

MERCANTILE FLEET MAY BE OFFERED CHINA.:

"DISPOSAL OF 48 VESSELS.

Shanghai, Sopt -Suggestions that steamship companies operating1 vesnola in Chinese constal wators be

bank's discount rate is the second offered an opportunity to purchase cortain units of the Canadian Gov. within three weeks. It is intendedornment Merchant Marine, the aho to strengthen the Bouras which will lishment of which is planned in the reopen, aftor more than a month

near future, have been made to the of "inactivity, for spot sales

Dominion Parliament Thuraday

on

The reduction in the rate of the.

- That the Canadian Demmitter on

Reichsbank is meant to indirectly Railways, and Steamships has re dissunde foreign holders of Oers commended the liquidation of the man shares from solling their sentire government marine of 40 curities,

steamers, owing to the heavy definit sustained annually, was confirmed

L

7

TO-DAY'S WIRELESS

PROGRAMME,

Violin Solo" Legend of the

Canyon (Wakefield Cadman), Violin Solo" Caprice Antique

(Balogh-Kreisler).—Tritz Kreis- lor.-1000...

BROADCAST BY Z.B.W. ON | 9.30 to 10 pm.

355 METRES.

11 to 11.30 am.-Stock quotations, 19.30 p.m.-European programme, 11:30 am.-Chiness programme. -

p.m. Local time and weather

report.

1:39 pm Rugby Press news, thail

p.m.Close down,

6

notice, ela.

to 7 pmChinese, programme, 7 to 11.30 p.m.-European pre- gramine of Victor records sug plied by Mosers Teang: Fook Piano. Co.

p.m.-Stock quotations, "mail

notios, etc...

7.05 td 7.20 P.

Band Selections.

The Black Horse Troop (Sousa). The National Game (Squen).--

Sousa's Band,--1974). High School Cadots (Sousa).

Orchestral.

|'" Evening Song !! (Schumann),

**Reverio .........' (Schumann). - Victor

String Ensemble.“-10884. Moonlight on the Alster"

(Tetras)

"Siren of the Ball" (Lehar Schott)-Marek Weber and his Orch:-33652.

Romance (Tschaikowsky).

tor: Concert Orch.-33808. "Tales from the Vienna Woods. "--- Waltz. (Johann Strauss)-Inter- national Conoort Orch.-35775. 10 to 10.28 p.m-

Now Foxtrots. What's Keeping My Prince

Charming? "You Can't Stop Me from Lovin' You." Nat Shilkret and the Viotor Orch.-2870 June Time is Love Time."-Bert Lown and Itis Hotel Biltmore Orch.

"price of Tin firmed up during the He had then indicated the broad crisis in Germany became the sub here by Mr. Bruce A. MacDonald, Under the Double Eagle" (Wag Never."

last few days from £117.7.6 to 123.5 for the three month position, but although shares are somewhat firm er, the volume of business passing continues amall.

The thirty-seventh annual general meeting of the above Company WOR held at Empire Chambers on July 23, 1031. In moving the adoption of the Balance-shoot for year ended March 31, 1931, the Chairman, Afr. De Burgh B. B. Persso, said that before dealing with the result of the Company's operations during the past twelve months it was perhaps well to make reference to what he and mentioned at the last, annual general meating of Shareholders.

lines upon which the policy of the Board had been framed; namely, steady development of the mining property, the sufficient output of payable ora to yield satisfactory profit over costs, the prudent build Rubber shares remain neglected ing up of financial reserves, and and the immediate outlook for the uniform distribution of dividends. Industry discourages investment ex-The results of pursing this policy cupt at "give-away" prices.

over an extended period, aided by Industrials are quiel with quote the capabla administration of the tions uniformly unchanged, the tone general manager, Mr. A. S. Lil- being steady at closing

Loadon cabled quotations indicate burno, had enabled the Board at a week market and heavy declines the close of last year to confidently forecast that the year just closed have been registered, ~

would be as satisfactory for Share holdera as the previous one. Balance-sheet now submitted was evidence justifying all that was then expressed. In the previous year the profite were adequate to permit £40,000 to be distributed in dividends; and the profit of £41,007 128. 1d. during the year now under review had enabled the Board to declare three interim dividends and a final dividend, each of one shill- ing per share, totalling £40,000 Moreover, the balance on Profit and Toss Account to be carried forward- had been increased by the excees profit over the dividends declared, and now stood at £0.403 105. 2d.. while the reserve shown in the Balance-sheet had been kept intact,

Mining.A considerable number of Ponawats changed hands from 60 to 60 ct... Kinta Tin Dredges $1.07 and 81.00, Sungei Luas 81.01 and $1.02, Kuchaia 82) eta, to 861 ets, and Ulu Klangs 76 eta. Fetal ings were taken early in the week at 83.60, later appreciating to 83.76 business done with shares now on offer slightly under. There are been no dealings in Sterling shares, but in Australians, Austral Malaya made 18/4, Puchongs 8/3 and Pangaba were booked in quantity from 10/3 to 10/8. Raubs have buy ers at 817.40 with a seller at 877.60 and Malayan Colleries remain cut of favour and on offer at 826.50

Rubbers. In the absence of busi- ness it is difficult to quote the values of Rubber shares but the more popular stocks, at present, viz. Now

nible.

Record Revenue,

Tho

So far as the mining operations Seudais are at 74-70 cts., Malaka of the ponr were concerned, as the, Pindas and United Malaccas 56-60 rsult of a slight improvement in cts. and Mentakabs 21-23 cte - the average gold contents of ore tween which limits business is postreated, and a small increase in the tonnage milled, it had been possible. than in any previous year, and the to secure a larger quantity of gold et proceeds of sale, £83,934, pro vided a record revenue. In addi tion to the usual mining costs the Recounts for "the" "year, had been charged with a considerable amount of expenditure connected

Industrials.-Straits Tradors were bought from outstation at 825.50 and business was, also negotiated at 36.75 at which there is a further Small buyers. United Engineers CAMO to business nt 87.30 and Wearues at 87: Hammers are en- quired for at 8188.50 cx, dividend

th

J

with

ner).—Sbüon's Band.-1987),

acting trade commissioner in China for Canada, but so far no informin 7.90 to 7:38 pm. tion has been received by his office ns to the manner in which the vou

Bels will be sold.

Organ Bolos.

"Without That

Gall"-Hanny Hendrickson's Louisville, Soren- ndern-2730. "When Yuba Plays the Rumba on.

the Tuba."

11

L.C.C. ENFORCES. ECONOMY,

COMMITTEE WORKING ON

BUDGET CUTS,

London, Bapt. 1.-The lend given by the Government in enforoing. rigorous economies in all directions is being zealously followed by the municipalities of the country...

The citizone of London," especial- ly, are anticipating considerable relief from the efforts of a specta? committee of the London County. Council which is endeavouring to lop branches off the budget of thạ Metropolis, which totals nearly forty million pounds according to the present estimates, An official statement to-day foreshadows the probability that the Council will reassemble earlier than was pre-

"How the Time Can Fly"Theviously arranged. In the mean

Troubadours-22740.

timo, any proposals involving ex« penditure are boing suspended.. The London County Council has not debt, tecering to the latest returns available, of £77,000,000, and an annual expenditure of about

of £30,000,000,

which £13,000,000 is expended on eduon- tion and £10,000,000 on publje Distance;

"I'm Keepin', Company"-Rudy Vallee and his Connecticut Yan- |keen—22742.

Since the economic and financial

ject of international action the discount rate of the Reichsbank has boen as high as 15 per cent. and the Lombard rate has been as high as 20 per cent,, Bomɑ mos

In a Monastery Garden" (Ketel sure of confidence has been restor ed, however, since the banks were In considering how the fleet could boy)-Reginald Foort-30007.

"The Bells of St. Anne De Beau- reopened and with the Bourse be disposed of to private interests,

pre" (Russell).Charles Ray- opening this week it was decided it was pointed out in meetings of

mond Cronham.--35907/35908. to put the lower discount rate into the units are too small for the effect.

Canadian over-seas trade, while at

"In a Persian Market" (Ketel-10.23 p.m.-Rugby mid-day. "PreS To-day's reduction in the Reichi-the present moment there is con boy)-Reginald Foort-35009. bank's rate was forecast in Anna-siderable idle. tonnago in the Cap.m.-Loen) time and weather.30 p.m.-Close down

adian coastal traffe. Consulting report. cial circles several days ago.

marine experts, it was ascertained 7.39, to 8.25 p.m. that many craft of the type în question are in operation between Chinese ports and in the Central and South American inter-country service.

EXCHANGE RATES.

- (BRITISH WIRELESS SKAVICE)

Rugby, September B.

Paris, New York... Brussels Geneva.

Amsterdam Milan..... Berlin Stockholm Copenhagen Dalo... Vienna

123.95)

***4.86

34.081

24.921

****#wik

12.05+

92,901

20.775

18.16

·18,18

18.171 34.55

Prague

101

Helsingfors

103

Madrid

$3.9

Lisbon Athens

110

365

Bucharest

810

Rio

3 3/32

Buenos Aires

31A

Montevidea,

22

Bombay

1/61

Shanghai

'Hong Kong Yokohama Silver:-

·Spot...... Forward

1/2 118 9/12/22

13"

13 1/10

"...

Consequently it was auggested in committee that, on Parliament con- curring in the views of that body, one of the first channels of prob able sale to investigate would be the Chinese and South American markets, the more so the former as the committee was informed that many vessels have been lost on the China Coast in the last few years without replacements.

Losses Bustained.

Built during 1917 and 1918 at an original cost of 0.880,000,000, the Canadian Government Merchant Marine at the present time com- priscs 40 vessels ranging from 3,300 to 7,500 tons. During the ten years that the feet has been operated entirely under government supervi sion a deficit of G887,000,000 has been, sustained, not inclusive of depreciation which amounts to ap proximately G.817,000,000 Ench year Parliament has been forced to grant the fleet a large amount to absorb its losses, which in the past have resulted in several moves to« liquidate the entire venture national ownership...

in

....

In fact, the concerted move this

and an offer slightly higher might development work and improve lead to business. Gammons could ments to the equipment of the mine. still be placed at $13.15 and there Substantial benefits were likely to LEATH OF FAMOUS RACE year, which has resulted in the un-

HORSE.

are buyers of Singapore Cold Stor-result from this expenditure and ages at 84.63 with a seller at 84.90. should be reflected in subsequent Robinsons Ords are available and mining operations. The quantity a bid is wanted for Henry Waughs, of profitabile ore reservas in sight

London, Sept. The death at whilst Alexandra. Brick Prefs, inve a seller at 82.10, Fraser and Neave was now greater than was the case Newmarket of The Panther recalls n year ago, and further favourable painful memories for many race Ordn. at 811.00 and Straits Steam development work may point to the ships at 210 with a buyer of to expediency of proceeding with latter at 8200, London gabled Mid- dle Price quotations are as follows: operations on

and Argentine siper cent. £72,

goers, for it was estimated that his defent in the 1918 Derby cost the a large scale. This public over £1,000,000, :

i course, however, could not be em The Panther was thought to be

-

Mr Variety,

Orchestral- Just a Blue-Eyed

Blonde,"

Orchestral " If I Were Only Sure of You."The High Hat- tora.--22724. Harmonica

Solo Southern Melody Soft Shoe Dance." Harmonien SoloMountain BlueJimmy Smith-00020, Chorus Cossack Love Song" Chorus Song of the Flame."- Victor Light. Opera Company- 10954,'

Orchestra I Was Only Teasing

You,"

Orchestral Maybe It's the Moon-Johnny Hamp and his Orchestra.--99727. Humorous Duet How's Your

Folks and My" Folks-The Happiness Boys Humorous Song "I Married the Bootlegger's Daughter"-Frank Crumit,--10738.

Whistling Solo-Tout Passc.

Margaret McKee.-1989,

Male Chorus-" John Peel”: Male Chorus- The Bells of St. "Mary's”—Associated Gles Clubs of America.-19081,

8.25 to 8.18 p.m.

1

Operatio. Traviata" - Prelude. (Verdi).--

Victor Symphony Orch.-35879. "Trovatore "--Selection (Verdi).--

Creatore's Band.--35778. "Rigoletto"Quartette (Verdi),

Rigoletto"-Introduction

and

Minuet (Verdi).-Creatore and his Band.-35982.

animous recommendation of the powerful Committee on Railways and Steamships, was. precipitated

propriation of G.8888,500 to cover

the Marine applying for an ap-8.46 to 8.30 p.m the usual annual deficit.

Certain Reservations,

A Concert. "Violin Solo-" To a Wild Now?

(MacDowell),

Poeti-

Violin Solo-" Souvenir

que" (Fibich).-Michel Guši kolf.-19899.

Song- The Little Demozel "

(Weatherly-Novello),

Song--" Simonetta'' (White-Ruu- bold)-Lucrezia Bori (Sopirano)

--1162..

Piano Solo-" Turkish March"

(Beethoven).

1

In recommending the disposal of Shell Transports £1.17.6, British-į barked upon until circumstances sich dorininty for the race that the fleet to private interests, it was American Tobaccos £3.8, Hong showed that the time to do so waa"

Sir Alec Black, his owner, said pointed out that the liquidation Kong Banks £101.10, Duffs 1/3.1

publicly, on the eve of, the event: should be handled in such a man- opportune. Dunlops 16/6; Imperial Tobaccos

affect Canadian trade Reference had been made in the "No horse on four legs can beat her as not £3.15.0, Courtaulda £1.8.3. Imperial Directors' Rupert and the General him". Sir Alec and his friends in closing needed transportation Chemicals 11/6, Unilevers £1.6.Manager's Report to the Silensing stood to win £200,000, but so heavy facilities. Consequently, it is be -Czecho-Slovakia 8 per cent. £108 Gold Mine situated about 50 miles were his losses and so bitter big lieved that the largest of the vessels from Raub, the accessibility of disappointment at The Panther's will be sold under, som private which made it practicable to work inglorious showing, that Sir Alec agreement to insure the continua- in conjunction with the Raub Mine, Black has never race horses since tion of the services in which they McAlister & Co.-Dividend: 24 with the prospect of doing so, it and several of his friends, former- are now engaged. A number of the per cent. final, total for year to had been decided to explore its válna ly prominent in racing circles, haro large ships bavo visited Shanghai | date: 6 per cent; year ends: Jane and extent by thorough examina-enased to take an active intorest in in recent years, while several are 30; date payable: September 9;tion and testing. This was being racing.

stilt plying to Japan with lumber books close; September 7/9, 1931.

Asam Kumbang Dividend: Gd. done by the Company's own expert The Panther was sold and seat and miscellaneous cargo.

-service from Canadian' staff, but the project would not be to the Argentine at the end of 1919, (No. 37); total for year to date: !procceded with unless the Board but he returned to England two Atlantic ports to the West Indies, Song" 0 Eole Mio (Edi 7 per cent,; year ends: December were provided with definite evi- years ago. His descendants have is not. included in the general re

DIVIDENDS.

31: date payable: September 23 donee and assurances that the re-

books close: September 18/23, 1031.

Tonn

1931.

Aug. Rubber. Tin. Sold. Price. 2.5/160. £190 0.0 123 800.50 2.5/16d. 122.12.6 150 37,12h.

26.

27.

31, gid.

Sept.

1. 24d.

won over £100,000 in stakes in six opening of the Silensing Mine could years

result in profitable working. Noth

ng more in this connection could

be said at this, stage.

་

08. sid. 123: 0.0 160 61.75 Other channels of income to sup.ment of an ordained policy. He 29, 2d. 192.10.0 200 09.25.plement the presont revenue from deuired again to pay tribute in ap 200 69.50 gold recovered from tonnage crush-preciation of the capable work of ed were receiving careful considera-Mr. Lilburne, who was loyally sup tion. The profitable treatment of ported by a competent staff at Raub. 123. 8.0 150 02.50 concentrates from the enormous.

Propecta Good. tailings dump had now been de finitely demonstrated by practical teet and installation of the add tional necessary roasting furnaces was anticipated to provide a further source of profit to the Company.

|ALWAYS COMFORTABLYCODI

COMING SOON”.

El Brendel & Fifi Dersay.

IN

Mr Lemon' of Orango'

A Fot Picture

KING'S

Lilburne Shaft Success.

The

commendation, although this route has sustained a loss of G.8765,000 during the past year. This, for the reason that the present line has resulted in developing a good mar- ket for Canadian products and re- places a privately operated service. to which the Dominion Government

subsidy formerly granted a 8380,000 annually.

1.3

CHINATOWN RIOT IN SEATTLE,

STABBING ADFRAY WITH FILIPINOS.

of

In conclusion the Chairman said that it was fortunately the case that the world wide economic troubles had scarcely affected those concerns which were producing gold, for which precious metal, being the standard of values, there was a con- tant demand. While this WAS 20, and there could be produced from One of the most important fenthe Company's mine each year ́ re

Scattle, Sept. 1.-One Chinese way tures of the mine was the highly gular quantities of orn carrying the killed and four other wore severely Batisfactory outcome which had re same average gold contents as at stabbed as the result of riots be- pulted from the sinking of the fil-present, there was every prospect of tween Chinese and Filipinos in burne Shaft, which had bben dut. a satisfactory profit to the Shara Seattle's Chinatown today. to a depth of 300 feetz The ore holders for some time to come. The

The Cinatown riols potweSN mined from this shaft had given invested, reserves were being sare. Chinese and Filipinos arose over better values then elsewhere, and fully guarded with a view to proa dispute which developed in the the development work which had tocting their full value against the course of a "blackjack" or gam proceeded by driving and crosscut time when the opportunity might bling gape. The Filipinos were ting bad provided, donclusive ovi-arist for using them, and in the prompt to draw their knives and dence of quantities of payable. oro.

During the past year the General sonable return of income.

menntime they were securing a rea before the police arrived many of the Chincan had been stabbed "One" Manager, while on a short period The Rocounts for the year weremnu died of his wounds and four) of leave, was able to confer with the adopted, and a hearty vote ofther Chinese were or seriously Board in Brisbane on various mat thanks accorded to the secretaris hurt that their removal to a hor ters of importance, and the work in Brisbane and to the staff at pital was neccanary during his absence was carried on Singapore and Haul

Groups of Filipinos to-night according to plans he had "Thid

Mesars, De Burgh B. B, Pezas, wore wandering through the dis down. The establishment of paraan R. O. Philp. M. D. Davies and trict, hurling epithets at the Chin- "at" contact between the General CB. Dolpratt were re-elected Direses reaidente. All Chinese have: Manager-and-the-Directors contore for the ensuing year, and been warned to remain indoors tributed to the effective accomplish, G. Pumfrey, CA, (Aust), was Heavy detachments of police are (Continued at foot of nest column.)" re-elected auditor.

patrolling the streets,

Piano Solo" Brooklet" (Schu- bert Rachmaninoff), Sergei Rachmaninof.-196. Violoncella folo Gavotte Fen-.

dro" (Hillemacher), Violoncello Solo-" Menuct" (De-

bussy). Pablo Casals 119L Song" Santa Lucia" (Cottrag),

Capua).-Emilio De Gegorza (Baritone).-1203,5-

nows.

DAIRY FARM NEWS

HOT

WEATHER Suggestions

PRESSED BEEF 90 cts, per lb.

PRESSED

TONGUE $1.75 per lb.

ROAST PORK

$1.85 per 1b.:

PRESSED PORK

$1.15 per lb.

COOKED HAM $2.30 per lb.

PORK PIES 30 cts. each.

The Dairy Farm, Ice & Cold Storage Co., Ltd.

"DOG'S HEAD" GUINNESS.

BROTHERS

EAD

TD LONDON

THE DOGS HEAD BOTTLING

THE FINEST TONIC.

Enjoy

ass of Dog's ead Guinness with your tiffin to-day.

OBTAINABLE EVERYWHERE.

Distributers— JOHN MANNERS &–