1932-09-19 — Page 4

Money and Markets

(Continued fram Baốt 3.)

FRANCE'S CONVERSION SHCEME

CHAMBER OF DEPUTIES

PASS CONVERSION BILL

THROUGH REUTER'S AGENCY)

PARIS, Sept. 17. THE sighty-five milliard frane Conversion Bill was to-day passed by the Chamber by 540 votes to 48 after an all night sitting

The Bill authorises the Treasury

to reimburse or convert into 43 par) cent. rentes at par, all issues t pretont bearing from five to seven per cent.

These issues comprise & per cent rentes, 1916/10 to 1025, é per cent Bonds, 1927, and 7 per cent. Três

rentes, 1920 to 1927, per cent.

sury Bonds, IVZI

PARIS, Sept. 17. THE Senate passed the Conversion

Bill by 291 votes to nine.

GERMAN BANKERS AND "FROZEN CREDITS "*

(THROUGH REUTER'S AGENCY.]

BERLIN, Sept. 17. THE leading banks, have decided to establish a M.30,000,000 "In-

stitute for Financing Industry," in

order to relieve the banks from thi burden of frozen credits."

TARZAN

IS COMING

NEW YORK SHARE SENSATION

HONG KONG DAILY PRESS, MONDAY, SEPTEMBER 19, 1932.

RICE MONOPOLY IN'

JAPAN.

SEIYUKAI PREPARED TO PUSH ITS SCHEME THROUGH,

GERMANY TO ASK POSTPONEMENT.

DEBT MORATORIUMS · WITH OTHERS IF U.S. ACCEDES.

Berlin, September 9.-The Ger- Tokyo, September 7.-Three prob. man Government to-day confirmed leme will receive the special atter that it is planning to ask Washing tion of the Šeivukni in the formula on for a postponement of the semi- tion of its policy in the next onual payment of 33,000,000 marka PARTY POLITICS AND THE dinary acasion of the Dict. These due on September 30.

BOOM

(TRROVOR RECTER'S LOENCY.]

NEW YORK, Sept. 18.

was provided for SENSATION

Stock Exchange circles to-day, following rumors that the recent boom was engineered by Republican Party supporters for political pur

poser.

cations

་་

are the framing of the fundamental

rice policy, the elaboration of as effectual plan for debt. adjustment

and the measure to stabilise the exchange.

The payments are arrears of ob- ligations on account of the costs of the United States Army of Oc cupation and the costs assessed against Germany by the Mixed

Claims Commission.

Regarding the stablishment of the fundamental rice policy, the Govern- ment, in reply to the Seiyukai's Beyond confrming that a post interpellations in the Diet, promised ponement would be requested, the to introduce a measure in the next German Government withheld any "casion of the Diet, and so the officist announcement pending fur- party expects the Government to ther conversations between the lay some fundamental rice policy United States Department and the before the next session. In the Osrmany Embassy as Washington. meantime, it will endeavour to pro- It is understood that whereas duce an emergency programme. It Germany had at first intended to

is, of course, impossible to say it ask a postponement of two and one present what the Seiyukai's rice half years, a longer period of delay policy will be like. The Noseikai, may now be requested.

тод

ANY LETTERS FOR YOU?

POSTE RESTANTE

CORRESPONDENCE.

DAILY SHARE QUOTATIONS

HONG KONG STOCK EXCHANGE.

Boyers Sellers

$1,890

12.95 3497

81

Aeracrete (Hong Kong), Ltd., H. A, F. B. Archer, C. A. Benoist, R. Busola, Dr. Norton II. Bare, E. Dolton, Miss E. G. Berzon. A. H. Chinay, Lydia Tynu Chong Mrs. R. Capen, The Chinese Produce Export Corporation, C. Chambers, W. R. Dawes (Y.M.C.A., Kow- loon). Miss J. Denn, John Fink, G. Hoeger, 1st Lieut John P. Kennedy (jr.), Rev. M. Kolho, Mr. Jos Lagaia, Pacific Commercial Trading Co., Elena Ley, Miss Lily Leo, W. C. Mok. H. E. McGowan, Jack Mantz, J. Moyna, N. G. Majer, A. J. Martin, A. T. Miendy, Mrs: Marguerite Mcgill, G. F. Massey, Mr. K. Nishiyama, D. Needhaw, Mrs. Agaton M. Ocampo, Mrs. Pangilets, Messrs. G. A. Payne & Sou (Importers and Exporters), 840 Mr. Bill Page, Phillips, Ltd., Mr. P. Peilard, Mad. J. Rust, Reichardt

$93

$21

#71

19.00

The Business Conduct Committee of the Exchange has directed all New York City members to submit to the Commistee for examination copies of all telegraphic eommuni-

a group of Seiyukai members ré If an agreement can be reached song over their private wires presenting agrarina communities, is sith the United States, it is unde & Co., Charles Reubner, Robertson, getween September 12

September 12 and Bentem-strongly in favour of a rice monolood that Germany intends to open Thomas, Money Order (Stoker), 942 her 15 dealing with topic of a poly, and its views seem to find negotiations for similar moratoriuma Miss M. Solis, Dr. A. Stamper, wide support among the party. with other nations, although the Mrs. H. W. Smith, Sum Kwai the policy to be eventually evolved

Francico Suares, · J. Papen Cabinet ia carefully Chan, Sr. by the party may not go as far as avoiding the use of the word Townsend, K. W. Triete, A. C. that, it is believed that it will be moratorium," T

insisting upon Wardley, Wing Wah Dispensary, something approximately to it.

"postponement" in all references Mrs. I. M. Xavier, Basilio Ybon, As regards the debt adjustment It is suggested that the move of measure, the Seiyukai means to

to the negotiations.

John Zito.

the Committee is primarily design-adhere unyieldingly to the central ed to warn Washington politicians depository plan, which, by the way, that the Stock Exchange will not was responsible for the falling through of the Debt Adjustment lend itself to the distribuiion of Guild Bill in the session just closed. propaganda by any political party. The party recognises some defects widespread in the plan as it is, and intends to

improve it after further study.

political betul."

The production of these wires may lead to sensational revelations.

Warning to Washingten.

been

There have

rumours that the present boom en the Stock Exchange was partly engineered by optimistic reports from the Republican forces and that a similar move is contemplat- ed before the presidential election in November.

BUILDING

LODGE

GLOUCESTER

JOCKEY CLUB GRAND STANDS

MOUNTAIN

SEAMEN'S INSTITUTE

SC. M. POST BUILDING

JOCKEY CLUB STABLES

HONGKONG CLUB

CRICKET CLUB

So far as the stabilisation of the exchange is concerned, the Seiyukai introduced a resolution in the Diet, but the complications on the Rice Bill lost it the opportunity of being discussed at all. It will take the

ADMIRALTY FLEET

ORDERS.

SEVEN NEW SHIPS TO BE

BUILT.

*Registered Articles.

China Machinery Supply Co., A. L. Dodge, Mons. Phil. Droun, Mr. H. G. Freeman, jn, M. H. Gracias, Messrs. . Hassaram & Co., Hui Yu Wai, Robert Hawse (c/o Ameri- can Consul), Messrs. Independent art Association, Mons. Georges Lyun, Mee Fong Hong, Progressive Co., H. H. Pleonjes, Nar and Dorothy. Ha M Nur. Shah, Imam Masjid, Jameah Masjid, Miss Ar. Q. Wong (c/o Mark Sui Ying). assigned.

Unpaid Oorrespondence. Arethusa Shark Miss Jane Baptiste, Roy, S. Amphion Cannerman, Diethelin & Co., Mons.

Iphate, Muller (Maclean Co.).

The following names have been given to the ships of the 1931 pro- gramme to be built in H.M. Dock yards:

matter up vigorously in the next Building. Type of Ship, scasion of the Diet,

Chatham. Cruiser

FREE

MAINTENANCE

PERIOD

HONG KONG

CENTRAL HEATING HOT INSTALLATIONS

DOMESTIC

BY

DOWELL & CO.,

WATER

CO., LTD.

CANTON

ESTIMATES

FREE

SANITARY

H.K. GOLF CLUB

GERMAN CLUB

ST. STEPHEN'S COLLEGE

DIOCESAN BOY'S SCHOOL

MATILDA HOSPITAL

TUNG WAH

HOSPITAL

ALICE MEMORIAL HOSPITAL

WAR MEMORIAL NURSING HOME

Submarine Portsmouth Cruiser

Flotilla

Leader Tender to Vernon Devonport. Sloop

Sloop

Name

Exmouth

$16 $72

IRA ⠀MIL BRODH

Nominal

ไ

EUL

$109

#28

10 84.60

SHAREBROHERS ASSOCIATION

SATURDAY, SEPT. 17.

Banks

H.K. Banke

Do: (London) ... Chartered Banks... Bercantile Bis. "A"')

Do.

Bank

Buyers Balleru

$74

Nof East Asia... $108 6. Barks Am. Corp. rd.

Fin. Corp:

China Fin

Do.

Insurancsa

Pref.

1,410 Cantor Insurances.... Underwriters Union Insurances...! China Fires... $850

H.K. Firda

International Anace..!

Skipping

€487

31,2 of

$40

Douginuca +49

Ludos (prof.)

-Do.

(def.)

63/9

Shella

2401

345

98/9

Steamboats..***

Water-boats t

Mining Benguets.....n

Venezuela Gold Fids.}

Kailans Achet

Langkata (single)... TS10 Exploratiun........... T2.30 Shanghat Loss :.

Hanba

Tronoh Mines

20 ata. Benguet Explorations

Docks, WharveS,

---

#:

Balsins &

$1,085

2148

]

$1,410

$497

$1,200

334 #921

80/-

11/0

321

3174

T.**

T.I

3401

10 6

Godowna, eta,

$140

Providents (old) ....

H.K. & K. Wharros. $138

$4.05

$2.390

Do.

(new)...

$2.20

323

1.K. & W. Locks

#10

S. China Motors A

485

$10

*38

Do.

"B"

1:89

Shanghai Docks

+

$10

T.01

New Engineerings

11.00+

Tl6 Hongkowa .................................

1..10.00

+++

Landa, Hotels, and

Buildings

H.K. Hotels (old)

Do.

H.K. Land) 375

T.341 Bhanghai Land

Metropolitan Lands..

་་་

HK Realties.......10

T.61

$11.25-$11.60 $10,90 81 ...

$751

ra

(new)

...

EWO.......... T13.75 T13.95 13.80/6

1.84

Tuaso

***

$11801

eli $75)

T.10

#01

JB.20

T13.40

Chin Do,

|*|(96)

Da Debenture

·SLU

Humphreys

$15.80

$140

Asia Rosities "A"M

$28

Do.

"M

$100

Chinese Estates.......

Cotton Milla

T.134

13.807.03

T.63 Sbai Coltons........................

Tizio Zoong Bings

8120

Wing On Textilea(S.)) $150

Pubito Tiki.

$22

Tramways

#22.10

管

Peak Trama (old)

$20

Do.

(now)...

$74

3801 8911

Star Ferries

135)

Yaumati Ferries(old);

134

Do. (new)

$341

$17.30 17 17.40-40

Chains Lights (ok):

$171.

$18

Do. (new)...

$16

374)

$75

H.K. Electrica...

174

324

Macao do..

12

Gandakan Lights

$28

Telephones (fully pd.)

$28

Do. (part pd.) 12.60

1.10

China Buses mus

Tractions

14j.

Do. (prol)....

$271

Malabon Sugars ...

T.14

Caldbeck, (ord.)

T.10

Macgregora J(prefi)|

Canton I

364

$14.7

$101

Do.

$34

Do

-

$12

Ropes

$101

Cements (comb.)... $14.0

(old)... (new)... Ub:Agriculture +*

14.60%.70

+

+3 312

Dairy Farms ... $27)

31

Der A Wings

$20

Amusements

120

134

Ch. Etsinmente.............

$13;

€0.00

$6.60

$1.40 353

Mackintosh

Nanyang Tobacco...

816

Binteres

$124

Watsons (ald

412

Vn Powells

$10

313

The undermentioned undeliver able registered articles are lying in Skylark the Returned Letter Office, General Grimsby Post Office, and' will be returned to Leith the senders on production of the certificate of posting:-Hong Kong 130 to Shangnai; Hong Kong 5931 to Shanghai; Hong Kong 161c to Shangbai; Sheungwan` 20070 Oakland, Calif.; Wantsai 598 Shanghai; Wontrai 183 to Foo- P.I.; Hong Kong 103 to Trinidad. chow Bong Kong 021c to Manila, 1971

Staf Course, The following additional Officers have been selected to undergo the RN. Staff Course, commencing in January, 1833:-Commander C. I. llorton, R.N., Commander C. C. Hughes-Hallett, R.N., Commander CA. Mannergh, D.S.C., RN, Commander R. S. Lovatt, R.N., Lieut. Comdr. J P. Wright, R.N., Lieut.-Comdr. R. B. M. Long, RA.N., Lt.-Comdr. F. E. Getting, RAN., Captain and Bt.-Major R. A. D. Brooks, D.S.O., R.M., Capt. L J. Woodington, R.M., Capt. E. F, C. Lordon, R.M.

Unclaimed Radio Telegrams.

to

to

North China Morning Post, from Shanghai; 4100 0093 0764 1648, from Canton; 0830, from Amoy; 0148 3293 0007 6594, from Shanghai; 5897, from Foochow; 1801 2002 6804 2168, from Shanghai; 0022 3883 3067 1344 Appointments will be issued in 5804, from Nanning; Sinthyechan,

from Palembang.

dre course. "Naval or civilian officers or mem- bem of Queen Alexandra's B.N. Nursing Service, who return from service abroad to take up an ap- pointment to a ship or establish- ment at Plymouth or Devonport and who travel by steamer proceed ing to London, but stopping at Plymouth en-route, are expected to dembark at Plymouth. If disem- barkation is deferred until Londen is renched, the cost of the subse quent journey from London to Ply meuth or Devonport is the officer's o liability.

BIG FOREST FIRE NEAR SANTA BARBARA.

, je

HOOVER'S £800,000.

FORTUNE UNTOUCHED BY

THE DEPRESSION,

President Hoover's private for tune, mid to be about £500,000,

bonds 11 years ago, and there it was invested in safe and solid

Industrials

MiscellaneouS

Constructions, (old)]

Da. (now){ $1.40 | $1.35

Lane Crawfords...... $5.40 15.55

Wate

(DOT)

34. Greyhounds.....

20Enterprises....

United Theatres

B. I. G. Bonds... 63% 11.5. Goet, Loans... $1031

41.00 Wallace Harper...

China Sports Ltd....

*16.35

preg. 377.

$10

Slo สเต

H.K. Wing Ou

· $285

B'Do.

biog

$1.80

$13

5121

83,30

***** $215

LOCAJ, AND REGULAB OUTWARD MAILS.

.WEEK DAYS. · SUNDAYS & BOLIDAYS

FROM FROM SETUNGWAN 0.2.0.

has remained, practically un- Samahal and Wachow touched by the depression, accordfrect atasimės). ing to Mr. Edgar Rickard, the Pre- sident's financial agent.

Cão & Tupshan

Tongmoon (except Batare "Kikkong (dibert Saturdays

(815am & ∙1:15 pan.

Hondays 8.15. only

Sundays

only

8,301.30.

FOR

FROM 0.1.0.

From Basuwowak Baarom P.0,|

BEANOX

sm & § 7:00 am..

17,00 PL

(7:35 am, & £7.00 am, &

8.00 pm 17.00 pm

4.00pm.

4.00p.m.

4.00 p.m

9.00

890 min.

· 190.pm.

18 in. & 7.80 kb,

Į 1,80 p.m.

6.00 p.m.

8.00 p.m. 6.00 p.m.

6.00p.m.

6.00 pat

1,00 T

1,15

7.15 1.21.

1.00p.m.

11.00 .22

€9.00 min. &

2.00 pm,

8.00

8.00 p

100& 6.00pm

800 110

18,89

8.30

Pidigiban, Santin Bhab

Shopź

Mr. Rickard has denied a report printed in the magazine "Fortune" that the President's wealth has shrunk to £140,000, due to the stock Fatahan and Wuchow market crash and the failure of a

Santa Barbara, Calif., Sept. 10-Washington newspaper he owned,"

Tu Po "Mr. Hoover his no stooks of interna A forest fire which has burned over silly thousand acres in Ventura any land. Eince he became Seere. Shumabun and Santa Barbara countries, was tary of Commerce 11 years ago beheungchow rading within a few miles of Monte has not bought or sold a single cile, exclusive suburb of this city, share of stook," declared the fin Aberdeen today.

anrial agent.

Boorea of fire-fighters were re-

It is also untrue that the Pre orted to protect the luxurious sident has oil investments in for estates of wealthy California fami- eign countries. He has nothing lics and castern visitors.

inverted abroad.

Kamtam. Shokki; &' Tuipip

Famla); -

9.00a.m.

11,00

$11,00 1.45.00 pm.

8.00.00. -12.00 t

2.80

10:30

10,80 mámě