1932-01-05 — Page 11

THE

MORRISON

"(The Sign of Quality) PIANO

STANDS ALONE FOR PLEASURE PLAYING

AND

EDUCATING

and will fulfil these re-. quirements because it is built for such purposes.

GUARANTEED

for.

TEN YEARS.

For Sale or Hire at

HÒNG KONG DAILY PRESS, TUESDAY, JANUARY 5, 1932.

Money and Markets

HONG KONG STOCK

EXCHANGE.

"

LOOPHOLE IN GOLD STANDARD-LAW,

INTERESTING ACTION BEING HEARD IN SWEDEN.

them.

THE BRITISH BUDGET

RETURNS FOR FIRST 9 MONTHS

[BAITISH WIRELESS" "SERVICE;}"

diture over

RUGBY, Jan. 1.

JAPAN EXPORTS HUGE SUM IN GOLD.

EMBARGO LIFTED FOR SPECIAL TRANSACTION.

Tokyo, Dec. 94.-Despite the ban against the export of gold from Japan gold specie valued at 20,000,000 yen is scheduled to be sent to-day to the United States from Yokohama aboard the N.Y. K steamship Hikawa Mary,

|

11

CONSUMPTION HAS BEEN OURED.

REDY TOX CORÉUMPTION HAT

BEEN FOUND.

Lands, Hotels and Buildings- Hong Kong and Shanghai Fintela

Stockholm, Dec. 23.-The hearing (old) have continued a firm market. Business was done at 813. The opened here to-day of a case of new shares are steady at 814 serio-comic, interest arising from WEEKLY SHARE REPORT. Humphreys (old) and (new) are Sweden's suspension of the gold

The Exchequer returns for the quiet at last week's rates Hong, standard. The plaintiff is a man On the resumption of business Kong Realties were dealt in at named Joepsson who on various first three quarters of the current after the Christmas holidays the $12.18, and at the close there are cerasions presented at the Riksbank financial year, which ends on March merket was somewhat quiet, al buyers at 812 Chinese Estates are here enormous quantities of silver 31 next, have been made available. The authorities of the Bank of

coing amounting to about £30,000, for publication.

Japan and the Yokohama Specie though rates were unt materially enquired for at 895.

Bank conferred yesterday and de- demanding gold in exchange for They reveal an excess of expen:| altered. About the middle, of the

DEBY P. TONKERMAN, DISCOVERER OF TEN Public Utilities-Hong Kong

revenue to date of sided that the gold shipment will

NEW REMEDY TOS CONSUMPTION, period a better tone developed and Trams were dealt in at 8213/$22.10,

Marvelquase it, may seem alter cen- prices were marked up generally, and close in demand at $22.15. The bank as often declined to £203,753,000, or about twenty-three be necessary to settle exchange ac

turies of failure, a remedy has been dis -and-a-strong-demand set in for-in-Desk Trams (old) have come into make the transaction and so Joens-million pounds more than at the counts in America.

Between late October and thesered that has cured the deadly Con

somption even in the advanced stages of vestment stocks, the quotations for request at 815.80 and the new shares son made an application to the corresponding date in 1930. .

time the gold ban was reimposed the "disease." No one will longer doubt whiel, underwent further improve have likewise improved to $5 buy-courts for an order compelling the The large excess of expenditure Japan exported gold specie worth reading the proof of hundreds of causem that Consumption can be onred after ers. Star Ferries have firmed up bank to give him, gold, basing his

over revenue at this time of the 231,000,000 yen to the United States. ment, especially for Wharves.

cured by this wonderful discovery-some At the clase a steady tone prevails and close in demand at 9984. China claim on a stipulation in the law year is a perfectly normal feature | With the gold reserve of the Bank

change of amate, and "all other les cried had falled, and the cAABA and there are additional enquiries Lights were hid up to $27,35, after which was overlooked by the Gov- of these returns and is due entirely of Japan now approximately had been pronounced hopeless of cur for investment stocks, with an im-sales at 8272. Hong Kong Electrics. ernment when the gold standard to the fact that nearly three-quar: 499,000,000 yen the possibility hasThis new remedy has also proved itself provement in the rates for Hotels, were negotiated at 878), but close was suspended recently,

ters of the income tax and surtax developed that including the gold affective and speedy in curing Catafth, due to be shipped to-day it may be throat and lung troubles. In order that Bronchitis, Asthma, and other serious Trams, Watsons and Ewos.

a shade easier.

The bank's defence is that the estimates are not received until the necessary to send 170,000,000 yerall in need of this wonderful Telephones, (part

produce of Banky-Hong Kong and Shang-paid) came to business at $29. man tried to take speculative ad. | last quarter of the financial year. worth of gold specic to settle ex- science may

Fost

ita efficacy them hai Barks, which have again been Singapore Tractions, which have vantage of a legislative oversight. The increase in the deficit as com- change accounts, due in New York selves, a Company has been formed to

between January and March.

give it to the world, and a Free Trial on the quet side during the period heen stationary for a considerable

pared with last year is, in fact, Throughout the past week there Treatment can be obtained by writing the under review were booked at the time, have buyera ut:3/..

ho greater than could be covered by have been numerous conferences be- Derk P. Yonkerman Co. Ltd. (Dept. reduced quotation of $1.475. The

the special receipt of the twenty-tween leading bankers and Ministry C. 287) 118/120, Fleet St, London, &C. London rate has declined to £1021

cover cost of carriage and packing; and three million pounds odd which is of Finance officials on the situation enclosing 6d. in British Postal Order to created by the fact of the gold ban !(middle).

due to be paid into the Exchequer and the necessity of shipping gold mentioning this paper. The trial trest- ment will then be sent by return mail carriage paid. course of the next quarter.

the

TSANG FOOK PIANO Insurances-This section of our old shares have buyers at 8123. amber sevenly, the sun, ma that of from the Exchange Account in the to seatle exchange accounts abroad..

COMPANY.

8, Des Voeux Road, Central. (Entrance Ice House Street) Telephone 24648.

What do

you want?

It there is anything you want to buy

selt,

try

2

10

small

Classified advertisement.

25 words $1.00 prepaid for 3 insertions.

f:

market has been at a complete stand. still throughout, and there are no transactions to report

Shipping.There is little to com- ment upon in this division. Doug lazes were placed at $25. Steam- boats had buyers at the outset at $74, at which they close. Shells (Bearer), are unchanged. Water

hunts at 5 have not moved.

Mining.The stocks in this section have attracted little attention. Raubs have continued with sellers at 840 and Venezuelan Goldfields at 82

Industrials-Cements (combined)penditure of 1830 of £429,850,000. show a slight advance at 819.80, at The actual expenditure on which they close in request. The supply services to date, however, is Hong Kong Hopes were done at $18, the corresponding period of last China Agricultural Development Company's shares, "which were listed for the first time during the work, have huyers at $10.15.

year.

It cannot be inferred that the total expenditure for the year will show no excess over last year. Such a result could hardly be expected

Stores, Etc.-Dairy Farms are wanted at 820.10... Watsons have advanced to $16.85, at which thers are buyers, following sales at $17. in view of the transfer to the Lane, Crawford's (cld) and '(new) budget of heavy charges for the in- have not moved. Powells have come

employment insurance fund and the into favour with buyers at 834.

road fund, previously met from borrowing.

Miscellaneous-Amusements are unchanged. Entertainments (old) were transacted at $163, but finish- ed up with sellers at this figure Constructions (old) have been in demand at 95.55, and the shares, after being put through at $1.90, close with buyers at $1.50.

new

Cotton Mills.-Ewos bave steadily

The position as regards expendi- ture is, however, more promising than at the time the September budget was framed and the view is

Docks, Whärves; Gindowns, Etc. An improvement is to be noted in Kowloon Wharies, there being buy- ers at $154 after transactions at this rate. Whampoa Docks remain un- changed. Prövidents (old) have been in demand throughout the week at $5.25, and the new shares like wise at $210 Hongkews, New En- gineerings and Shanghai Docks have been marked down to Tls, 220, Shanghai Cottons are Ils. 79 andre in the returns to cause undue Tls. and Tis. 91, respectivaly.Zoong Sings Tls. 11-both nominal. despondency-

risen to a buying rate of Tis. 16, held in well-informed quarters that with a fair amount of business re- so far as can be forecast at this ported at this rate, and the market early stage there is no special fea- closes

with

₤ firm undertone..

Storewide

}

Apart from this, a very large proportion of the new taxation, totalling forty and a half million. pounds, imposed by the supple- mentary budget of September, falls to be collected in the last quċrter of the financial year.`

ABSOLUTELY FREE

care.

Do not wait, if you have any of the symptoms of Consumption, if you have

FINANCIAL CRISIS IN NEW Uhronic Catarrh, Bronchitis, Asthma,

ZEALAND.

ECONOMY COMMISSION TO

SEEK A WAY OUT.

Pains in your Chest, a Cold on your Langs, or any Throat or Lang Trouble; write to- day for a free trial treatment and book of instructions, and benefit yourself before it is too late.

ernment's requirements. Mr. For-

As regards expenditure, the total provision for debo interest and sink-Wellington, N.Z., Dec. 25.-New bes declared that this action was Zealand is to incet her own absolutely necessary in order that ing fund was fixed by the Septem-

economic crisis by means of

the Government could meet its ber budget at £322,000,000 of which economy. A special economy con £275.784,000 has been issued to mission the Premier, Mr. G. minimum requirements for national Forbes, announced to-day will be commitments and to ensure being established in the New Year. in a position to meet all commit.

mente on their due dates.

date.

All exchange credits arising from the sale of exports abroad are to be brought into a pool and exports of foreign currency are to be licensed from January 1.

For the supply services, the

This action is the outcome of the revised September budget allowed a total of £451,800,000 after due

financial difficulties in Londor which forced Britain to suspend the gold standard. Under present con provision for the anticipated econo-

The banks have agreed to pool ditions New Zealand, said Mr. their exchange reserves in order to Forbes, n be prepared to con- mies, compared with the actual ex- "(Continued on Previous Columi) be in a position to meet the Gov- tinue without outside assistance.

earance

8 MORE DAYS!

LANE, CRAWFORD, LTD.

ANNUAL STOCKTAKING SALE IN ALL DEPARTMENTS

Quality & Economy