1932-03-02 — Page 13

BOOKS and READERS

A BAD BIOGRAPHY. Gustavus Adolphus: The Nor- theru Hurricane. By Lt. Gen. Sir George Maemung, K.C.B., K.Cs. I., Þ.S.O. (London: Hodder and Stoughton 18/-)

En publishing Gustavus Adol phus by Sir, fieorge Macmuun, Mesar, Heider and Stoughton have offered an impertinence to the rond- ing public. On the mechanical side good binding and paper and a plon sant page are ruined by irritating misprints. And, on the author's side, we find a book on an historical subject with no index, one intequate map and two plans AINI Lughably incomplete Bibliography!

and inexcusable

3.

TWO BIOGRAPHIES AND MANY NOVELS. ·

bics were entered on," P. 932-1 field had".

Or this on Count Man- throwb somo of his gun into the Bife, and spiked the remainder which were no doubt fually reconditioned by Baner

But one does not expect n soldier to be able to write English or to know much about History, and it is Sir George Macmuna juadequate section in the art of war in those days and his complete lack of appreciation of the characters of most of the people mentioned in the book that astonish us chiefly, for the aria of war and of handling men are the chiefest part of a soldier's job.

HONG KONG DAILY PRESS, WEDNESDAY, MARCH 2, 1932.

I know, vory successful,

· Though

I succeeded sometimes in making her laugh at me. I never nucrseded in making her laugh ne hergeil.”

A Born Fanatio,

"But the fanatic is rarely barn with a smile on his face. And Mrs. Besant was certainly barn a fana- bio. No matter what she did she did it more fiercely and fatigaclessly than those around her, She was al ways an inspiration and an embar rassment. And what a life he had!

"Married in 1887 at the age of 120- before she know the facts of life,

Money and Markets

*THE INVESTING

PUBLIC

- NEW MEDIUM OFFERED...

"IN HONG KONG.

4

by 1873 she had separated for good FIXED INVESTMENT TRUST. from the Rav. Frank Besani," her husband. By 1874 she was prend ing atheistic propaganda under the paeudonym of Ajax laugh's

in Brad-

of

Basle.

DIVIDEND.

SIX DOLLARS PER SHARE.

The following is the ropart for 1931 of the Hongkong and Kowloon Wharf and Godown Co, Ltd., for

13

DAILY SHARE QUOTATIONS

HONG KONG STOCK EXCHANGE.

1

Bellers

Balan Nomin

SHAREBROKERS ASSOCIATION.

33

GODOWN COMPANY'S

Buyer

Ballere

KALİTE

Now 174

TUESDAY. MARCH 1.

Banki

Daya

47

thr

ox div.$1,300, H.K. Banks

ascer

༦,༦

$1,308

ex div. 207

$12

Do. (London) .... Chartered Banka...

213

Mercantiln Bks. "A"

£77

Do.

617

Bank of East Asia....

£10 29 $125

V. O. & 8. Barks..

Insurances

$1,850

$4.69

North Chinas...

Canton Insurancón... ... | $1,200 Underwriters

$1,55

IM

3407)

8407)

Union InauraBOOS ... $407

1490

Yangtare Ineurazões:

$1,260.K. Fires

China Firen

8661

$1,90

Shipping

The

201

Douglnaes

199

Steamboat ****

540

Indos (prof.)

$39

Do. (def.)......

10/-

Shelli

43/0

Water-honte.

$23

Tha

with

部

tisement in the present issue of the forty-fifth ordinary nnnual meeting As may be seen from an "adver-presentation to shareholders at the to be held at the ofee, of Messrs. "National Reformer." Hong Kong Daily Praw & further Jardine, Matheson & Co., Ltd., on Three yours later she had risked medium of investment is being hitskiy, March 10, 2, or going to prison for the part she offered to the Hong Kong public.

The profit on working played in circulating a pamphlet this in the form of international

Investments Deposit Certificates 8034,271.03 Ag compared on birth control.

Thenesforward she was always in issue by the Société Internationado The balance for the year, aftor

81,102,257,36 in 1930. the forefront of the fight, and, in db Placementa deed, often started the fight herself. tianlar character of the invest deducting Directory and Auditors' Finally we may state that this, She was a Socialist, and organised ment offered is not only attractive fees, allowing for depreciation, and book, despite its fine title, is no strikes among the working women but unique so far as Hong Kong is The amount brought forward from outgoings, is 8005,301.30. On the back of the dust cover is biography of Gustavus Adolphus of the East End. Then she came concerned further the particular an appreciation of the book by the merely a second-rate descrip- under the spell of Madame Biara-company now offering in long last year is $315,700.13 making a publishers, which made me shadder tion of the "Swedish Period of the, taky, who, despite her increasing Kong the deposit certifientes aliud total of 2084,091.13 available for and give up sitting in arm chairs,Thirty Year's War, which ignobly grossness, her dress, which con-ed to itself of a unique character, appropriation,

The Directors' recommend the fol panders to the demoralising modern Existed of a spotted red flannel it can be described as the only

lowing

for in this notice" one reade :—"

spots, ink, cigarette holes" and "her liverish skin, criss-crossed' by a thousand wrinkles," made Mrs. Besant, her lisciple,

As a remalt of this strange union Mrs. Besant lefs hor Socialism for Theosophy, and gave the world its new Messiah, Krishnamurti, who so maembarrassingly dissolved the Order

company in the world,

13

other

Per share

1+0

Mining

Benguets...

$112

...8-190,000.00

98/3

To pay a Bonus of 82

per share

Vanzuola Gold Fida.. Kaiians ..............

1.4

160,000.00 344,001:43

T.3 830

8084,001.43

444

it is good that it (the story) demand for books for "the arm drcasing gown, covered with grouse international fixed investment trust To pay a Dividend of 88 of Gustavus Adolphus) should ha chair render" and "the in Indeed, although the fold from a modern angle in the thestreet," arm-chair reader's siyle And Sirrender probably needs no reminding Denge Macmann, although appart is worth recalling that a better eatly a distinguished soldier and a description of Gustavas Adolphus The Thire Years devant Protestant and, for all may be found a

ker degaver, cannot War" a book which Schiller, him. know, write. Nor does he appear to know al no soldier, wrote for serial anything, beyond thai rudimentary publication knowledge che obtains it a public gazine. school, of the social, political, or military history of the pariod of ¦ the Thirty Year's War.

in

# woman's

M. C. G.

MRS. BESANT'S AMAZING LIFE..

A strange life and in many re- spocta a marvellous one. Mr. Williams has written a book that is full, of fascination,

Differences in Trusts." Before dealing with the details contained in the prospectus ation. To carry forward... thee betwem an investment trust tion should be drawn to the differ company in the general connota- tion of the term in Great Britain) During the year Mr. J. E. Joseph and a fixed investment trust com-resigned his sent on leaving the of the Star of which he was head pany. To emphasise the distinction Colony and Mr. Felix A. Joseph and which Mrs. Besant had found-will not be so specially necessary in was invited to join the" Board. ed.

the enss of American roaders, for there are already in the United Warren retire according to the Mr. A. H. Compton and Mr. J. P, Ruates 68 fixed investment trust Articles of Association, but being companies, whereas in Gront eligible, offer themselves for re Britain there is, so far, only one, election, and that of comparatively recent inception.

Up to the present Britain has more or lees specialised in the ordinary investment trust SIMPLE, PETER CRADD. By E. Phil company or what may probably lips Oppenheim (London: Hombre correctly be described as the dor and Stoughton).

madiagenent investment trust com- Many readers of Mr. Phillips pany." A. recent writer at Home WAN fiercely prau. 1 Oppenheim's books will be some-described the position as follows those the undoubted diplomatie led by means of elaborate tale what disappointed in fair which the King possed and comedies to disgust her..and to, Peter Cradd" for it is not a book

The policy of the well man- agod English and Scottish invest ample opportunity, and undoubted make her laugh at her pride, but

ment trusts has for many years been to set up an investment portfolio carefully balanced be tszen certain proportions bonds preferred, and ordinary stocks. The directors endeavour with more or less success" to vary

As a typical example of the nu- thor's style we may quote the Inst sentenge on page 98:-"Margaret, daughter of Waldomar IV, King of Denmark, widow of Hakon, King"THE of Norway had sacerend in ob- taining the sovreignty of both these countries on the death of their rulers." As two fair examples of

[BY, W. R. GORDON.] PASSIONATE PILGRIM A LIFE OF ANNI BEBANT." By Ger- Frude Marvin Williams. John'

Hamillan. 188.

The chief fault of her extraor-i This historical sense this sentence on Idinary qualities." Mr. Bernard "High polities had of Shaw wrote of Mrs. Besant, was neersity to be discussed, and in that she

ly many new end important' tron, the treatment was not, so far as

A PLEASANT OPPENHEIM'S

NOVEL.

"Simple

crime mystery, or intrigue, but a

(Continued on Page 4)

The Reference book you cannot afford to be without

NOW IN The press

DIRECTORY & CHRONICLE

17

OF

O

ᎥᎰ

CHINA, JAPAN, MALAYA, BORNEO, SIAM, THE PHILIPPINES, COREA, INDO-CHINA, NETHERLANDS INDIA, &c.

of

Mesara. Percy Smith, Seth and Ferting, Incorporated Accountants, and Linstead and Davis, Chartered Accountants, have audited the ac- sounds, now presented and offer themselves, for re-election.

4

***

120

"Langkal» (single).....

12.10 Exploration........

Shanghai LounO... .... Anab...

"Tronoh Mines

Docks, WharVOD,

Godowns, sto.

$361

3/8

Providents (c): ...$80

#t

$10 $10.

253/15/3 $490

B.K.. & K. Wharvos:Í

$164

$485

$2,30

Do. (new).

32.20

[ゆく

1.K. & W. Docks

$20.

810

$12

S. China Motors "A"

Da.

Top

Shanghai Dooks

T.6

New Engineeringa

་་་

T200

Hongkowa

Lands, Hotals, and

$13.20

$13

$73

T.30

**

B.E, Realtics.....

Buildings

Ħ. Hotelu (ok)

Do:

H.K. Lands

(new) $12.00

Shanghai Landa

ox div. $18.30 Humphreys (all) ...

Do. (new)...

Chinese Estates......

GREEN ISLAND CEMENT CO.

ALLOCATION OF PROFITS.

395

$181

#

Cotton Mili

13.80 T.14 T390

Ewon

T13

T.80

S'hai Cotton.........

13.AU

Ta

Zoong Singe

Subject to audit, the Directors of these proportions slightly in nc the Green Island Cement Company, cordance with prevailing conditd, will, at the forthcoming meet- tions, bus, broadly speaking, their ing of shareholders, to be held on object is to hold such proportions Thursday, March 31, recommend of wilt edged stocks as will offset the following allocation of pro- derlines in the value of ordinary fite industrial holdings in periods of To pay a Dividend of 46. trade depression. In periods cents per share, on when money is dear and gilt.

the aid shares

edged stocks are low, improved To pay & Dividend of 6 prices of industrial holdings pro-

vide a similar. compensation.

"Further the managers of an To investment trust set aside: annual-

cents per share of the new shares. place to General Re

Serve

ד

ly varying amounts which are To place to Reserve for

appropriated to reserve fande

Staff Passages

$20.80

www

Пат

ZA $94

FA

$19

$19

$74

$10.40

$321

194

$15.80

Public Utilitie

Tramways

Peak Trame (old)...)

Dr. (new).. Star Ferrissçi Yaumati Ferries

China Lighta (old)

Dor (now)... $19 H.K. Electrica Makan Lights

do.

Tractions

(part.pd.) $ 1

Industriais

$20.70

$21

123

...$180,000.00

$12

3:3

$22

Tolephones (fully pd.)

Do,

94,000.00

T18

China Buses.*******

3/

100,000.00 14-

Do (pref.)..

J

10,000.00

These appropriations are derived To carry forward to re partly from profits on investments

dit of next year's sold, and partly from dividends. account and therefore not all the divi- dends received by the trust Com- pany are distributed to share. holders.

$28

Malabon Sugars

T14

Caldbeck, Word.)

T.10

Macgregora (prof.)

99,943,88

$413,843.99

16.

Canton Ives, treas

$14.3

Cements (comb.)..

#12)

Du

(old)...

$0.80

$16

Hopes

FIOL

Do, {auw)...

Ch: Agricultures.

Miscellaneout

$16

INVALUABLE FOR FIRMS

TRADING IN THE

FAR EAST,

NEW FEATURES:

Engineering Section

Classified List of Trades Alphabetical List of

Cable Addresses

:

COTORK

CHREIRALE -

MALAY, STRAITS

SETILAMENTS, KUR 110, LAN

THIL PILPAILS CORTE MONO

CHAND, DET BEHEMOS MAIS A 1939

In which is included:-

t

FIND A PLACE FOR IT ON YOUR DESK.

Published Annually since

#

1862.

Revised and Complete.

Alphabetical List of Residents in the Far East, containing the names of over 20,000 Foreigners. Alphabetical List of Firms. The Chronicle covers the notable events together with the texts of all the most important Treaties 'concluded with the countries of Eastern Asia, Scales of Commissions, Tables of Money, Weights and Mosaures. Specially prepared Introductions to each port give in a concise yet readable form, the history, physical features and trade conditions of the place.

ル

ORDER FORM.

TO THE HONGKONG DAILY PRESS, LTD.,

11, ICE HOUSE Street, Hong KoŃG.

DIRECTORY and CHRONICLE of China, Japan, Malaya, &c. PRICE:$12,00 (Large Edition); $8.00 (Abridged Edition). Please send us · copies of the above for the current year.

+

Theoretically speaking, the

For about £15,

Twenty-five Year Agreement.

shares of this well; managed trust in five sub units. company should be sound pur-therefore, the investors Has a hold- thases at any time, whether trade ing in 30 different companies and is good or otherwise. Their at participate in their annual pro tractiveness as an investment is ceeds. dependent upon the skill of the management and also on the prien at which they are standing, which is usually sach that the vidd in low.

Annual appropriations to reserve are, of course, of more benefit to future than to present shareholders,

The Companies Belected. The shares constituting each unit are as follows:—

Amusementa (old)

Chiainmenta (old) $14.80

Do..

(new $1

Constructions, (old) 5.1

Do. (new $1.86

Lane Crawfords(old)

Do. (new)

Mackintoshs

Nanyang Tobacco... $5

Sincerest

Watsons P

$10,

#204

$80

Dairy FATTO

$30

$1.

Der A. Wing....

$194

3192

16

-F16

16

10

$19

316

$104

$3.80

Wm Powells....

$10

M. Greyhounda.

$10.

.C. Enterprises...

687%

B.. Ind. G. Bonds...

3

prem.

*

H.K. Gort. Loans...!

+ **

311

16,90

+4

$10

$18 8660

There is a trusted agreement that the Société shall hold the shares in this unit for a period of 25 years Only in the event of any of the companies going out of busi- ness or appearing to be in a posi- The Fixed Trust Principle..

tion not to pay further dividends are the directors empowered to dis The principle of the Société In- pose of these particular shares, "the ternationale de Placements of Baale. proceeds being thereupon retained which is now offering for subscrip- to certificate holders. In the same tion international investments deway all funds acquired through the posita certificates, is entirely dif- sale of rights, acquisition of ferent. In the first place, this is bonuses and so forth are distribut- not really a trust at all, but the ed together with the half yearly enrtificates could more properly be dividend instead of being placed to described den" composite ordinary reserve or other count as in the share. They are, in fnet a medium for the purchase of or-pany.

case of the management trust com- dinary industrial shares at a time when the investor considers that ordinary shares should be parches- ed. To realise why this should be so, it is necessary to explain in come

GREAT BRITAIN;- "A" Sharca detail the fixed trust" principle Prudential Assurance Co., Ltd. adopted by the Société Inter 25 Ord Stock British-American nationale do Placements, and Tobacco Co., Ltd.: 50 Ord. Shares. already woll-known in America Bas, Rateliff & Gretton, Ltd. bo though not on, the international Ord. Shares Courtalde, Ltd., basis which is a leading charac CANADA:-3 Shares Canadian teristic of issues of International Pacific Railway · Co., Investments Deposit Chrtificates, Stock: 5 Shares Shawinigan Water Common

(As is done in financial centres in and Power C, Conimon Stock. Europe, these will be referred to FRANCE:-1 Share Suez Canal; 3 hereafter as 1.1.D. certificates). Bharos Credit Lyonnais; Shares The company selects 30 of the Nord Lumiere; Shares Cis des very best established companies in Produite Chimiques et Electro- ten of the leading countries of the Metallurgiques Alais, Froges et world and the proportion held in Camargue (Pechiney); 10 Shares Ltd. each company in determined with Forges et Acieries du Nord et de a view to making the unit thus l'Est constituted na well balanced us HOLLAND-E1, 400 Royal Dutch The investor obtains the proeseds.", possible. The present value of this Co.; F1. 400 Philips Glowlamps of the dividends paid by these come unit is £3,000, more or less. In Oo. Fl. 500 Handelsvereeniging panics in the way of half yearly

Local Agents. view of the obvious advantages of ** Amsterdam.” (B.V.A.). '

dividends issued by the Sociste, and The Union Bank of Bwitserland- having the hondquarters of SWEDEN-10 "B" Bhares Swedish thus has a percentage interest in one of the largest banks in that international company such as this Match Co. 10 Shares Swedish Ball all those concerns which in the country-is trustee for the com- is a country always likely to remain Baaring (8.K.F.) Co.

ordinary courne of events, he would | pany, and representing it in the _neutral in the event of war. „Swit- UB.A-2 Shares American be unlikely to have been able to Es Ebst in the Hong Kong and zerland is selected. The 1.1.D. unit | Telephone · and Telegraph Co. acquire. The sharon selected have Shanghai. Banking Corporation, is divided into 1,000 sub-units, capital Stook 9 Shares Allied been chosen by leading sharabrokers Mowers, & Tucke & Co. are local whose value at the present time Chemical and Dye Corporation in the different countries concern agents for the Société, while a re- is thus in neighbourhood of £3, and common Stock 3 shares United ed, and it will be seen that thereby personbative will be in Messrs. A the smallest number, purchasable States Steel Corporation common very diversified system of invent Toeka & Co.'s office to explain any

(Continual on next Column.) (Continued at foot of nest column.) - ment is opened to all classes of matters to inquiries

an.

•

stock; 3 Shares New York. Central investora There is, however, a furt Railroad. Co., capital Stock; 8ther important point. Whereas any. Shares Standard Oil Co., (Newloend holder of any, of the securities Jersey) common stock; 10 Shares, mentioned in the liso just quoted: stock. F. W. Woolworth Co., common would have to go through the usual business of getting quotations from SWITZERLAND: Shares Nestle home and the like when wishing to and Anglo-Swiss Condensed Milk; sell holdings, these I.L.D. certi Co., & Shares Swiss Bank Corpora- ficates can be placed on the market tion.

and disposed of through local Zentral Bodenkredit A. d. (Ger- the most 48 hours

GERMANY:-BM. 1300 Deutscho bankers and agents within 24 or man Central Mörtgage Bank); RM 1400 Siemens and Halske 4.0.RM.ing to a regular receipt of interest There are other advantage, lead- (German Dya Trust); RM. 200 spectus, but space does, not permut 3600 I.G. Farbon-industrio A.. Which are gone into in the pro- Norddeutscher Lloyd AG. (North of their being mentioned here. German Lloyd).

BELGIUM

Probably the best guide to the satis Societe factory nature of the certificates Telegraph Company's Holding Co., have been sold in Europe during DENMARK:-230 Great Northern vestor is that over £2,000,000 worth from the point of view of the in-

the past year-the period during which the company has been incor porated

Cenerale de Belgique.

2 Shares

:

Dividends.