1932-08-30 — Page 4

23743

CENTRAL RADIO

SERVICE

KING'S BLDG (Opp Ther Ferry)

RADIO EXPERTS-WORK GUARANTEED

AMERICAN-ORIENTAL

FINANCE CORPORATION

Agents in Hong Kong '—

Asia Lands Limited

Gloucester Building. Telephone 28890.

HONG KONG DAILY PRESS, TUESDAY, AUGUST 30, 19328

Money and Markets

NEW YORK STOCK HONG KONG STOCK

EXCHANGE.

A.O.F.C. QUOTATIONS.

New York, August 97. Dow Jones Averages:-

Aug. Aug.

20 27 Change.

30 Industrials 74.43 75.01 1.18 up

20 Rails 30.30 30.25 11 down 20 Utilitics... 32,88 34,21 1.35.up

Messrs. E. A. Pierce and Co.

Report.

We think the market would be helded by a moderate sethack, but would consider that an opportunity for purchasing.

Business dopo: 2.200,000 shares.

Last Sale,

For TONE,

QUALITY,

BEAUTY, DURABILITY,

Auburn

Aug. Aug. 90, 97;

B62

ཚུཚུལྷ་ད་ཚུ་སྐྱུག ལྟཨྰཿཚུ་ྲལ་

MARKET.

YESTERDAY'S OFFICIAL

QUOTATIONS.

There was a fairly heavy volume of business put through yesterday, but mainly for liquidation of Seitlement accounts. The issues chiefly dealt in were Cements, Lights, Ewos and Hotels:

Sales,

Hong Kong Realties, $8.50. Hong Kong Trams, $22. Coments (Comb), $13.45.

Buyers.

Union Insurances, 8465, China Underwriters, $2.55. International Assee, Tis. 4. Hong Kong Steamboata, 8233, Union Waterboats, 8201. Bonguet Explorations, 20 cis. H.K. and K. Wharves, 8130). H.K. and W, Docks, 824. Shanghai Bocks; Tls. 84. H.K. Hotels (Old), 810.40. HK. Hotels (New), 910 Hong Kong Lands, 878).

Humphreys, 816.

Hong Kong Realtjes, 89.80. Hong Kong Trams, 821.00. Penk Trams (New), 87, Yuamati Ferriées (Old), 8341. Yuamati Ferries (New), $339. Hong Kong Electrics, €74. Malabon Sugars, 423, Cements (Comb), 813.25. Lang, Crawforda, 8. Hong Kong Amusements, 8103. Constructions (Old), 99.80. H.K. Govt. Loans, 3 per cent

Prem

Air Reduction... 801 Allied Chemical and

Dyc American Can .......... 598

940

85%

58!

American Telegraph

and Telephone

1177

1100

American Tobacco

"B!!

BI

72

Borden Company

31

32

Canadian Pacific

171

171

Consolidated Gas of

New York

01

Drugs, Inc.

46

obtain the

Du Pont de Nemours, 401

Eastman Koduk

50

001

Bellota,

191

201

30

314

General Motors International"

16

16

Harvester 301

International Tel. and

Tel. Liggett and Myers

"B"

12}

311

124

Hong Kong Realties, 80. Hong Kong Trams. 89. China Lights (Old), 817.35. China Lights (New), 817. Hong Kong' Electrics, 874). Cements (Comb), 813.45.

501

Leow's Inc.

34) 38

Pacific Gas and Elec-

trio

291

321

| Pennsylvania Railway 18

19.

Seara Roebuck

243

· អង្គ 94 MENT TO ADOPT NEW PAR. 231

Standard Oil Co. of

Now Jersey

331

35

Socony-Vacuum Corp. - 114

Union Carbide and

Carbon

271

271

Union Pacifio

BOY

81

United Aircraft und

Trans.

18A

United States Stoel... 474

Westinghouse E. & M. 381

382.

MORRISON General Electric .....

PIANO

(Guaranteed ten years)

FOR SALE OR HIRE

at

General Foods

TSANG FOOK PIANO Radio Corporation

COMPANY,

8, Des Vœux Road, Central,

(Entrance Ica Honze Street) Telepbono 24648.

TO-MORROW AT THE KING'S

After TomorroW

CHARLES

FARRELL

MARIAN NIXON

SHIPBUILDERS,

1.

SHIP REPAIRERS,

BOILER MAKERS,

FORGE MASTERS, OXY-ACETYLENE AND

ELECTRIC WELDERS,

MECHANICAL AND

ELECTRICAL

ENGINEERS,

TOX

PICTURE

-DRY DOCK.

YEN EXCHANGE BATTLE.

SEIYUKAI WANTS GOVERN.

That

BARTER SYSTEM IN

GERMAN TRADE.

SETTLEMENT OF FROZEN CREDITS

Practical Disadvantages of Method. The development of barter trade is not Simple and it has many dis. vantages. In the first place, it

calls for the creation of a similar

organisation in each country, oper.l

Increasing difficulties in interna-ating is the sletriment of thelrugu-[ tional trade, arising from the fluc- lar business of banks, which have] tnation and depreciation of cur-heretofore acted as clearing. houses rency and particularly from the

for international payments foreign-exchange restrictions en- forced by many countries, has oc sasioned considerable interest in Germany in the possibilities of barter trade..

Farthermore, barter requires the exchange of goods of equal value, since it does not furnish any means of liquidating trade balances, and the trade between two countrica is seldom evenly balanced. Then, too, barter provides no way of adjust. ing inequalities in credit require-

The inability of German export- era either to obtain remittances from foreign countries for past de- liveries or to receive any reason able assurances of payments for future shipments, has forced the. investigation of possible methods meats. of meiting the litusign,

and ac- counts for the consideration now be ing to barter arrangements.

ADVERTISEMENTS. CONSIGNEE NOTICES.

THE CHINESE ENGINEERING &|s

MINING COMPÁNY, LIMITED, (INCORPORATED IN THE UNITED Клером.)

NOTICE TO HOLDERS OF SHARE WARRANTS

TO BEARER

ISSUE OF NEW TALONS WITH COUPONS Nos. 41 to 60

'ATTACHED.

"NOTICE" TO" CONSIUNELS

GOOBAN STEAMSHIP CO., LTD.

AND.

OHINA" MUTUAL STRAN NAVIGATION QO., LTD.

CONSIGNEES per Coếu Varmal-

"PYBRHUS"

FROM UNITED KINGDOM AND CONTINENTAL PORTS VIA SINGAPORE are hereby notified that their Cargo anobarged into Holt's

16

NOTICE 18 HEREBY GIVEN Whart, Kowloon perdanbloot to

Talons at the foot of | the Share Warrants to Bearer must now be dotached and surrendered to

the TIENTSIN OFFICE of the

Kailan Mining Administration to be exchanged for new Talons with Cou pons

› Nos. 41 to 60 attached. Application must be made in person or through a Bank 'or' other duly authorised Agent: applications made through the post cannot be dealt with.

Terms and Conditions of Storage at Consignees risk subject to

Holt's Wharf. The Carge will be and after 29th August. ready for Delivery from Godown

Од

Optional Cargo will not be landed here, unless Notice has been given prior to Vessel's arrival, but carried on from port to port to the final port of call to which the option extenda.

All broken, chafed and damaged foods. ars to be left in the Godowns, where they be examined on any Tuesdays and Eridays between the hours of 10.45 4.M. and Noon within the Free Storage period.

No Claims will be admitted after the Godown Vestel's

All Talons must be listed on the proper form which may be obtained German import

trade on application.

As the old Talons have to be steadily declining and with Ger- forwarded

the Kailan Mining Goods have left the by

of

With

Office

and

all Goods remaining, undelivered

man importers' handicapped by the Administration to the Transier the after the 5th September will be subject

the Company in Loudon, exchange will take approximately sight weeks for completion. The new Talons will be ready for issue by the Transfer Ofico on and after the br SEPTEMBER, 1932.

P

THE KAILAN MINING ADMINISTRATION,

foreign-exchange restrictions, it Foreign-exchange Clearing.

seems likely that the barter move. Barter in its purest and most ment will receive more and more primitive form, that is, the direct attention. At any rate, business exchange of goods, has made no man seem to be willing to give it a appreciable bondway. The difficul- | trial. tics surrounding such a procedure |

However, in all quarters it is its practice considered only as enormous, and

an emergency would tend to disrupt existing measure, as it is recognised that in trade channels.

the long run barter is not bene. The direct form of barter, it is ficiul to Germany in that it does IN THE SUPREME COURT OF held, could only be successfully permit the

are

accumulation of d

carried out between governments favourable trade balance essential and is not practical as between for the payment of outstanding individuals.

A second form of barter involves

foreign debts.

It seems to be the consensus of a. method of liquidating private opinion in Germany that, if the debta arising out of international | foreign-exchango situation through- trade which are past due and on-out the world continues to get

paid on account of foreign-ex- worse, the trend toward barter

change control. This form is con sidered to have more change of suc. cess, as it permits the exchange of goods without disrupting establish ed trade channels and without via. lations of the various countries. It is, in fact, a sort of foreign: exchange clearing arrangement.

Barter Exchange in Berlin,

One of the most interesting and important examples of an actual

motion of barter trade is the la

trade in Germany will strengthen, and the Governmet may be forced to encourage this method at the usual trade channels become closed,

EXCHANGE.

CLOSING QUOTATIONS.

August 29, 1933. LONDON TAY Telegraphic Transfer... 1/4), Bank Bills, on demand 1/4 Bank Bills, 4 months'

eight Credits,

sight ON PARIS:--

Bank Bills, on demand 800 Credita, 4 months' sight 040 NEW YORK:

Tokyo.—It is a matter of interest-organisation created for the pro- 118ing conjecture how the Seiyukai ternational Goods Clearing Co. of!

will shape its course in the Diet, says the Japan Chronicle, the Seiyukai will give the Govern ment many anxious moments is ad 19mitted on all hands. The question is the length to which the party will carry its hostility.

OF HONG KONG, LIMITED. THE TAIKOO DOCKYARD & ENGINEERING COMPANY

\\¥Þ« CREMA “TAIKOO"?

Length 787 Feet. Length on Blocks 750 Feet. Depth op Centre of

SIM (1.W.AST.) 84 ft. 8 Jas THREE SLIPWAYS,

Capable of Handling Shing

to 4,000 Tons Displacement.

Electric Crane at Sea Wall,

Capable of Lifting 100 Tons

at 70 Feet Pridius.

BUTTERFIELD 3 SWIRE, Agents,

HONG KONG, CHINA ‘& JAPAN.

“TAILDODOCE, Hona Kown.”

30211

HOT OVEN "ÅW. PINKANK”

Differences between the Govorn- mout and the Seiyukai are antici- pated in regard to the currency problem and the question of ad- justing the debts of small business men. The Seiyukai, is dissatisfied because the Government's relief measures leave the question of stablising the exchange practically out of consideration. It does not entirely abandon, the idea of ad opting a new par, and as a proli minary to its adoption, proposes the initiation of a system of funds or the regulation of the exchange. At a meeting of the Seiyuka leaders on Thursday, Mr. Mitsuchi, Minister of Railways, who helped Mr. Takahashi, Finance Minister,

Bremen (Internationalo Waren- clearing G, m. b, H.), which in- eludes in its board of directors the

of Commerce, the managing direc. president of the Bremen Chamber tors

of the North German Lloyd Co., and other prominent business

men. According to the prospectus of this organisation:

"The purpose and aim

new

of the

O

4

months'

Bank Bills, on demand 23

Credite, 60 daya' sight. 24) BOMBAY

Telegraphic Transfer

Bank, op demand

DE CALOUTTA

E. J. NATHAN,

General Manager.

(248

Tientsin, 22nd August, 1932.

TÙNG KONG

PROBATE JURISDICTION,

IN THE Goods or CHARLES WALTER RICHARDY, LATE OF "LITTLEBRAE," ARUNDAL ROAD, CHEAM, IN THE COUNTY OF STREET, ENGLAND, GENTLE MAN DECEASED.

to Rent

500.00

be prepented to the Undertigned on or

All Claims against the Vessel before the 19th Sept., 1932 or they will ridd be recognised,

No Firs

Insurance will be effected. BUTTERFIELD & BWIRK

Agents,

29th August, 1930.

ית

(2001

NOTICE TO CONSIGNEES.- OCEAN BE

STRAM SHIP

CO, LTD.

CHINA MUTUAL STEAM

NAVIGATION CO

LTD.

NONSIGNEKS per Cols Vossel

"DARDANUS”

FROM UNITED KINGDOM VIA BINGAPORE *** are hereby notified that their Cargo will Wharf, Kowloon, why it will lie a discharged Into Hole

Consignees risk and subject 23 Terms Wharf The Carge will be ready for and Conditions of Storage at Holt's Delivery from 10th Augant

that the Court has, by virtue of TOTICE IS HEREBY GIVEN the Provisions of Section 68 of the Probate Ordinance No. 2 of 1897, made an order limiting the Time for Creditors Optional Cargo will not be landed here, and there to send in their Claims news Nouoe Sue been given price to against the shove Estate to the 17TM| g LAT of SEPTEMBER, 1932.

All Creditors and Others are accord. ingly hereby required to send their Claims to the Undersigned on or before that date.

Dated the 2nd day of August, 1932.

JOHNSON, STOKES & MASTER,

Bolicitors for the Executor, Prince's Building, Ice Hobes Street, Hong Kong,

(2480

port to

carried on rod

"option extend", "S

which toop to the final port of call to

All broken, obed and damaged Goods are to be left in the Godowns, where they will be examined on say Tuspdays. and Fridays between the hours of 10:45 AM and Noun within the Free Storage period.

No Claims will be admitted after the Goods haya inft the Steamer's Godown, and all Goods remaining agdelivered after the 5th September, will be subject to Bent,

IN THE SUPREME COURT OF before the 19th Sept., 1989, or they will

HONG KONG.

All Claims against the Steamer met be presented to the Undersigned on or

not be recognised."

No Fire Insurance will be affected. BUTTERFIELD & SWIRE,

Agente.

[2502

PROBATE JURISDICTION. 29th August, 1932.

IN THE GOODS OF CHARLES

MACKINTOSH, LLD LAT

TR

or 18, OLD BROAD STARET IN CITY OF LONDON AND 4 WHITEHALL COUXT I THR COUNTY OF LONDON (FORMERLY or 2 EGXRION. Placz ÜnriskA

IN THE BATE COUNTY, SOLierro, DKCHASED,

Tolegraphic Transfer 90 IS HER

ON SHANGHAI :----

Bank, on demand

Bank, at sight.....

O

YOORAMA: —

O

company is to act as mediator between importers and exporters and to negotiate with the domestic and foreign authorities

a view of facilitating the ex-C change of the products of the vari O pus countries,

with

Он

O

On demand............. 103 MANILA-On demand... 47) SINGAPORE:--

On demand

BATATIA:-On demand. 59

581

приона: -

SAIGON:On demand: 60, On demand

BANGXOE:

On demand

13€ HOVEERIGNA, Bank's Buying

Hate BAR SILVER, per ce

The company, contemplates beO ginning negotiations with those countries where the foreign trade has already shown considerable de elines. The operations of the com- pany are to be restricted to acting as a mediator and trusted for the importers and exporters concerned,

in the work of fixing the relief esti, and all transactions are to be con mates, explained the Government sidered as strictly conEdential."

relief policy; much discontent was openly expressed by some leaders present.

Diet Session to be Extended?

CONSIGNEES

180

NOTICE.

THE BEN HÌNH STEAMER). LIMITED.

FROM LEITH, MIDDLESBRO", ANTWERP, LONDON, 41P STRAITS StBENLEDI”

HAMBURG-AMERIKA LINIE.

NOTICE TO CONSIGNEES.

Steamship

NORDMARK having arrived, Consignes of Cargo are dareby notified that their Goods are TOTICE IS HEREBY GIVEN being landed and placed at their risk in Nthat the Court has, by virtue the Hong Kong & Kowloon Wharf & of the Provisions of Section 58 of the Bodown Company's godowns at Kowloon, Probate Ordinance No. 3 of 1897, made where Delivery can be obtained as the

are landed.

an order limiting the time for Creditor opere vargo will be landed, unise

abd Olters to send in their. Claims against the above Batste to the 17TH Notice has been given prior to Stommer's UAT of SEPTEMBER. 1032

arrival.

All creditors and others are accord- ingly hereby required to wand their claims to the Undersigned on or before that date.

Dated the 22nd day of August, 1932

JOHNSON, STOKES & MÄSTER, Solicitors for the Executors, Prince's Building, Ice House Street, Hong Kong.

12481

CONSIGNEES' NOTICE.

THE BEN LINE STEAMERS,

LIMITEDȘI,

FROM LEITH, MIDDLESBRO”, ANTWERP, LONDON AND STRAITS.

No Claims will be admitted after the Goods have left the Godowns, and i wal Goods remaining undelivered, after the 6th September, 1912, will be

ill be subject to Beat

broken,

cen, chafed and damaged Goods are to be left in the Godowns, where they will be sramined on Saturday, the 3rd September, 1938, at 10 am, by our Surveyors, Mesars, Goddard & Douglas.

All Olima must reach ni before the 19th Sept, 1932, or they will not be

No Insurance will effected, Bill of Lading will be countersigned by the Undersigned.

JEBSEN &00

Agenta

Hong Kong, 29th Aug. 1934.

#PRINCE LINE

NOTICE TV CONSIGNDED,

FROM NEW YORK

250

Conversations Held with business men interested in the International Gooda Clearing Co., show plainly that the prime purpose of the con The A view is finding expression cern is to overcome the difficulties among the Peers and Seiyuka of existing foreign exchange - regu members that the term of the exaions. It was stated by the foun traordinary session of the Diet, dors that this new company is only should be extended, as it is obvious an emergency messure, and that the Howe Kord, AND KöwioOM WHÁNY KD Hong Kong add Kowloon White eying aired from the above Portion ly impossible to examine carefully firm would be discontinued AF GODOWE GORTANT. LTD., whence and/or Godown Co. Ltd, whence and/or from keep by informed that beir Goods are and thoroughly the relief measures.

The Steamship BENBINNES ONSIGNEES of Cargo are heraby

informed that all goods are being informed fet sil Goods and being ONSIGNEES of Cargo are hereby

landed at alle sak into the hazanton landed at their rink into be hasardous Bad/or extry hamriops Godowns of the and/or extra hazardous Godowzé

From

Τ

#

the

MEE Motor Vense

"SIAMESE PRINCE

and 23rd instant, Consignees of Cargo, are

being landed at thet-risk into the Godowns of the Hong Kong and Kowloon Wharf and Godown Company, Idifted, and expense.

Kaloon, and stonki at Consignees risk

All brokan, chafed and damaged Goods ars to be left in the Godowns, whose they will be examined on Monday, "AT "Claims must be presented within

date they cannot be

to be introduced by the Govern soon as 'conditions assume

a more plained.

the wharvas Delivery may be the harves Delivery may be obtained. mont. The Government, does now, wormal aspect.

No Claims will be admittatues however, endorse this view. It con

No Claims will be admitted after the | Goods have left the Godowns, and tends that the relief measures havo

Goods have left the Godowns, and all Goods remaining Various reports indicate that Goods remaining the livered after the sad konta will be subject to see the been elaborated after two monthe fertas goody have been exchanged 5th Bout, will be subject to Banti careful study and that their speeds

All Claims against the Steamer must execution is most anxiously desired for such products as almonds, carAll Claims against the Steamer must be presented to the Underaigned on or

by presented

to the Undersigned on or before the 18th September or they will by the people, As, moreover, all pets, cattle, hides, wool, tobacco, bifor 19th Sept., or they will not not be mogenised me Mar 29th instant at 10 am: parties and factions in both Houses etc. It is understood that the All bruket, shafed and damaged Goods are to be left in the Godowns, where 15 Days of the Vousel's arrival here,

All broken, chafed and damaged Goods" have already studied the question Leune Werk has negotiated to ex are to 1" luff is the Godowns, where they w of relief in all its bearings tha

examined on the 1 after hot days, will be enough to study change fertilizer for Egyptian cold, Gordan 10 by Means. Goddard

by & Donglas..

To comply with the General Bonded crising in parliamentary discus machinery to Denmark, which is to To apply with the Ceners! Bonded Warehouse Regulations, consignees must siens and the examination of all be paid for, in cattle. It is also re-

when, damaged dutiable goods so have Revenue Officer in attendance measures not being completed with

examined? Sid

No Fire Insurance had been affected. Bills of Lading will be countersigned by.

GIBB, LIVINGSTON & Co., LTD.

Agente (9499 - Hong Kong, 27th Au

the Government measures in on, and that Krupp has shipped Douglas

In the event of sharp differences

in the specified period, the Gover ported that the German Dye Trust ment may be compelled to extend has received 720 carloads of whent the term, but there will otherwise from Hungary, in-settlement of be no extension, as it la bont on the execution of relief measures qutstanding frozen credits in that from September 1

lecuntry

C

must be Revenue Officer in atten- Warehouse

Regulations consignees eher damaged datable goods

No Tup Liguranos has been affected

fading all be countersigned by *GIDE LIVTKUSTON & OB. L.

Aguáta, Hong Kong, 29th Aug. 1989,

cogno-belitied after the

Woods have left the fintown, and Goods remaining undelivered after the No Fire Insarsise has been effected. 30th instant will be sal incl to Bent.

Bills of Lading wi

conterigned

FURNESS (FAB TANT) LTD. Sad Floor, King'o Bellding,

Connaught Road, Gold Talophona C. 28165. [2404 Hong Kong, 237) Ang, 1983