1932-11-22 — Page 3

Page

SPARKS FROM THE PLUGS!

RECKLESSNESS ON OLYMPIA SHOW

THE ROAD

MR. PYBUS ON ITS PREVENTION

"ACCIDENT-PRONE” ·

MOTORISTS

(Continued from Page 2)

LARGE CARS

ROLLS-ROYCE

We come HOW

to

of the Bone

HONG KONG DAILY PRESS TUESDAY, NOVEMBER 22, 1932.

MONEY AND MARKETS

DAILY SHARE QUOTATIONS

HONG KONG STOCK EXCHANGE.

CANADA'S NEW PORT

LOSS ON F.M.S. RAILWAY

Bayer Belfere Sal

HONG KONG STOCK MARKET

$1,600

***

MILLION AND A HALF DOLLARS THIS YEAR

YESTERDAY'S OFFICIAL

REPORT

In the

course

FIRST SEASON RESULTS

Winnipeg, Canada. When the first commercial season of naviga-

of his Budget | The speculative issues were again tion closed at Churchill, Canada's speech at the Federal Council meet- subjected to some pressure to-day,' larger and more luxurious carport on Hudson Bay, more than ing in Kuala Lumpur, recentis Sir in particular China Lights, which Cecil Clomenti said:-Another pre-wove forved Jown to $13, and on Mr. P. J. Pybus, the Minister of The four Rolls-Royce models

two million bushels of wheat had liminary observation is necessary—this basis fair quantities of shares од Transport, discussed the adminis Stand 41 worthily uphold the re been shipped to Old World markets namely, that our railway is now run changed hands for each and Decem--| eration of the Road Traffic Atputation of this great Derby firm. by that route, in ten ships. This at a loss instead of a profit. The ber.

Sales. when speaking at the opening of The two 40/50 hp. Phantom 11. practical test of the port's facilities gross receipts of the railway were Lise Magistrale Association Con-

cams are an enclosed limousine to for laudling grain, and of the routs largest in 1920, when they amount- ference at the Guildhall.

sat six to seven, with the coach-itself, to the Atlantic through Huded to $23,331,618 as against a re- work by Thrupp and Maberly, and son Straits, was considered to have visel estimate of no

Continental touring saloon to demonstrated their efficiency and 30,323,000 for the year now current, take four persons, by Barker. The their possibilities, and the Chur- chill elevators already have been packed with grain in preparation for next season.

Referring to the large number of

-accidents on the ronds. Mr. Pybus saith that possibly the antstanding result of the investigation being

carried out by the National Safety First Association was to confirm the view that the very large mu jority of these fatalities could have been prevented by the exercise of) reasonable care on someone's part, bot, of course, always the mo Turist's.

I

ective prices are £2,670 and £2,000. The limousine has the 12ft in, wheelbase, and this chassis is priced at £1,600, while the wheel-

more than

The peak of railway expenditure

was reached in 1923, when it amounted to 819,755,851 as, against n revised estúnste of $10,014,000 for The record of the port. was mar- this year.. But in each of the years base of the saloon is 12ft, and this red by the sinking of the steamer 1997, 1928, 1920 and 1930 largo sunis, chassis 19 priced it 1,750. Bright Fan, which collided with amounting in all to $15,500,485, The Continental saloon comprises an icoborg while outward bound were contributed from railway re some of the newest ideas în interior through the Straits and sank with venus to the Railway Renewals Jinish. The two 20/25h.p. models her cargo, The crew was saved Fund. For this reason the largest | are an enclosed limousine to sent through the agency of the radio and | profit to general revenue from the aix, with the body by Windover, patrol services maintained in those working of the railway accrued, not and a special touring saloon to waters by the Federal Government. in those years, but in 1996, when tion of new offences or the impositake four, including, the driver, Proponents of the Hudson Bay no contribution was made to the tinn of additional penalties.

Tim steady enferment of the having a sunshine root and built-route were unable to see anything Railway Renewals Fund and the net law," said Mr. Pybus, "the respon

in luggage space, by Hooper; these in this mishap but an unfortunate profit from the working of the rail-

war was 86,427,445, sibility for which rests very large-cars are quoted at £1,500 and £1,025, incident, and pointed out that no sea line had a cléor record in the maiter of safety of shipping.

The penalties for road offences were savere, and there would seem to be no obvious need for the crea-

iy with benches of ungistrates throughout the country, will go far

bring the mall class-I believe it to be a very small class--of reck- less and inconsiderate motor drivers to a proper sense of the responsihi. -lity which every man or won as

sunies who undertakes to drive, n

the chassis being £1,050,

Daimler and Armstrong-Siddeley.

The Daimler cars on Stand No. 33 which remain for review are the "" and the 12-cylinder or Double Six "20" The "25" is shown as

an enclosed limousiné with Wind-

The "Juventus," Bristol-bound, along with a cargo of wheat, took a womba passenger, Miss E. Cora Hind, veteran agricultural editor of the Winnipeg Free Press, who was activa for many years in the

During last year and in this year also no contribution has been made- to the Railway Ronowals Fund; but nevertheless the net loss on the working of the railway last year was 8310,084 and this year it is estimated to be 81,891,000. Next your again we shall make no con- Fund; but in spite of that wo anti-

motor vehicle under modern condi-reachwork to seat seven campaign to complete the railroadtribution to the Railway Renewals

tions of truthe

£1,200, the obassis being £700; "the

Double-Six "50" has an enclosed Under "Scientific" Test,

Timousine body by Hooper and Co. **There are certain types of dri- j and costs £1,000, this chassis being vers who, if they could be identifi. priced at £1,250. Both have the by any form of scientific or Daimler fluid fly-wheel soli-chang-. practicn! test, would no doubt in ang transmission, with four, quint scientific community either be per- suaded or forced to abandon the practice of driving.

'gears, and the mechanics] four- wheel brakes work through a De- wandre vacuum servo.

There is the type of individual Another exhibit, on this stand is wito, either through slowness of re- the Long Twenty, which, as an pil- action, lack of concentration, or closed drive limousine to seat seven, some other similar enuse is in- sells at £725, or with the specia herently prone to accidents of allquipment, which includes a slid- kinds. Again, there is the type-ing roof, permanent jacks, and let us hope a rare one-in whom bumpers, at £75. The chassis de- the attraction of mere spead may tails are similar to those of the become an obsession, to the exclu-ordinary Twenty, but the wheelbase sion of all consideration for other is 10ft. 11in, or it more.

ers of the road.

It has not been thought necca- sary to apply a driving tess to all

applicants before

EL

licence

Packard,

Three Packards are exhibited on

Lo Stand 21--the standard Packard

Eight salon

timel

drive is issued, but the mere pay-limousine, at £1,295, and the Light ment of 5. a year cannot, I sub- mil, entitle a man of a woman to continue to drive a motor vehicle if he or she cannot do so with anfe- ty to the public.

"It cannot be regarded as un- reasonable that driver who is

A

shown to have endangered the lives of others, either through reckless- ness, or tirugh fäck of presence of mind in an emergency, should be disqualified for a period at any

five-passenger coupé, each at £795. The Boavier and larger chassis costs £1,078, and the Light Eight £725,

Humber.

Hudson Bay and to open this

direct outlet to the Atlantic.

EXCHANGE.

CLOSING QUOTATIONS.

November 21, 1939,

On LowDON: —"

Tolegraphic Transfer... 1/4 Bank Billa, on demand 1/4) Bank Bill, 4 months'~

right

Credits,

'months'

sight...

1/41

1/41

ON

NEW Yoak:-

j

Bank Bills, on demand 22) Oredita, 60 days' sight, 23į

ON PAR18

Bank Bille, on demand 565 Credits, '4 months' sight Gu UN BOMBAY—

Telegraphio Transfer Baak, on demand

[Or CaCUTIE :-)

***

Telegraphic Transfer Bank, on demand...

Os SHANGHAI:----

Bint, at sight TOKOBAMA

} BUI

N83

...}75i

On demand................ 108 Os MANILA-On demand........ Hi

ON SINGAPORE:--

O

57%

On domand BATAYI:-On demand, sai On HiPHONE:

On demand

On BAIGON:On demand.}654

Humbers have a good display of the new Snipes on Stand 35, where there is also a Humber Puliman O BANGKOK- limousine. This limousine, to sent On demand geven, has a wheelbase of 13ft, und BOVERKIosa, Bank's Buying

Hate costs only £735, the chassis being £425. The frame on the larger BAR BILY, per, os Hamber models has been redesign.

bracing is employed.

rato from driving. That disquali-od, and a new system of diagonal fication, 'to prove effective, requires that the offence of driving during the period of suspension of the driving licence should be severely dealt with."

Except for the wheelbase, the Pullinan and Spipe "80" are very similar in chassis construction, har. ing the same 3,408c.c. cylinder en gine, which has a Treasury rating of 23.8, and the brake horse-power

138

1/42

18 1/16

ELLERMAN LINES

£22,000 PROFIT FOR 931.

Accounts of Ellerman Lines for

"It would, of course, we at the peak of 3,400 r.p.m., is stat and unjust to the motorist to sup-ed to 77. The three Snips "80" 'pose that all other classes of the exhibits are a limousine de ville, a 1961 show a net profit of C22,804, community are free from blame and sports saloon, and a saloon with which compares with £15,187 for responsibility. Indeed, in this mat-division; all three take five per the previous year. The trading

but

consideration. for

Bons. The respective prices are

Chrysler.

cipate net loss of a million dollars.

Evidently, therefore, we cannot at present consider our railway to be a source of income; and, when- ever' net profits begin to accrue again, we shall have, no doubt, to contribute the larger part of such profite to the Railway Ronewala Fund, which is now being starvod. Accordingly for the purpose of the address I shall neglect railway re- ceipts,

SHAREBROKERS! ASSOCIATION.

MONDAY. NOV, 21.

Buyer

deliers

alemia à

Banks

H.E. Banks

Do. (London) ...} Chartered Banka.... Mercantile Bk. “A”

Do

£14

£23

$10)

Bank of East Aska..

·N. Q. & S. Barks

.. 171

$18

0.

*6

| $4,60

$:.87

$2,88

32 (4)

$10

16211

China Firus

ILO

H.K. Firs

+

Am.

Fin, Corp:3

China Fin. Cornrd.

Do

Insurancsa

Pref,

Cauton lusanucor. Underwriters

****** $2.95

Union Insurances...

International Ausco..

shipping

Douglas

Indos (ref.).......

Lud

:::

$1,835

£14 Exsi

8108

$1,315

8515

2677

$1,200

$4.50

Providents (Old), $1.80, China Lights (Old), $15. Dairy Farms, 828).

$.0

$25

$93)

Steamboats

然

346

85/.

131

Da. def.)

ta'

80).

30%-

Shells

60%

Water-henta

$21

1

3208

Mining

Canton Insurances, '$1,230 Underwriters, 82.85. International Assee, Tis, 490. Douglases. 823.

Cus

$181

Bongunta

$18

$420

10

14.15

85/3

Kailans

T's

T.2

T.I

Union Waterboats, $21. Raubs, 810).

$10.16

$10.90

10,6

82 ate

Buyers,

Venz: Goldfields, 84.20. Benguet Explorations, 2 cents. Providents (Old), 843. Shanghai Cottons, Tla. 73. Zoong Sings, Tía. 11). Hong Kong Trams, $211. Peak Trams (New), 89, Star Ferries, 802. China Lights (Old), $15. H.K. Electrics, 878 Maco Electrics, ́820. Coments (Combined), $12.00. Cemonts (Old), 811. Cemponts (New), 82.20. Dairy Farms, $28). Entertainments, $12. Constructions (Now), $135. B. Ind. Bonde, 89%. H.K. Govt. Loans, % Prem.

Venezuela Gold Flds.

7,4 Langkets (ais glo)...

T2.10 Explorations...

T9.30 Shanghai Loans ...

***

Hauba

Tronoh Minas

Berguet Exploratious Dooks, Wharves, Godowna, sto.

$149) H.K. & K. Wharves.

Providents (old $4.80

14.80

*

82

324

$10

18

H.K&W. Doak.

(new)...

"H"

5. China Motore 'A'

Do

T100 Shanghai Docks

T6.20 New Engineerings T.225 Hongkows.......... Landi, Hotels, and Buldinge

$11

$11.30] H.K. Hotels (old)

Do. (new) H.K. Lande! 1.237 Shanghai Landa T.10 Metropolitan Lando.. $9.35 H. Realties......... T11.40 China Do

Do. Debentures Humphreys ******** Asia Realtion Do.

Cotton MT=

1.294

510

$140

328

$100

Chinese Estates.....

T14.53 Ewas

T.111

Hong Kong Banks, 81,650,

Yaumati Ferries (New), 8341,

1811

Sellers,

Ching Lights (Oh), 815.30 China Lights (New), Bl Cements (Combined), $13.05. Agriculturals, $10. Wallace Harpers, 810.

FINANCIAL SAYINGS FROM LONDON

The world is yielding her pro- ducts bountifully, yet there is a

WHY BANK SHARES Large amount of poverty, and tho

ARE BOUGHT

| BRITISH FUNDS OVERFLOW FROM CONSOLS MARKET

Quite a keen demand is now springing up for British banking shares.

whole world is in a state of econ- Comio indigestion.-Sir David J. ¡Owen,

Unemployment and poverty in Lour land is not an act of God or a freak of nature-Mr. George Lansbury.

The majority of the European countries are better able to pay This is a development which their debts than the United States usually follows on the heels of afis able to expect them, and, more. sharp rise in Gift-edged stocks. over, I have faith in their pro- Since the return obtainable on long-mised integrity.-Senator Reed.

Of what use is it to pile up bank dated British Government securities is now well under a per cent, in-balances, or even invest money in tow enterprises, when the world is vestors are beginning to turn their already glatted with stocks which attention to other safety-first issues it canpot...“ afford” to cousume, » offering a rather more attractive for, in other words, which it has not devised the means of exchang. yield.

ing Mr. C. H. St. J. Hornby? After the rush for first-class De The railways as they exist to-day bentures and well-covered Profer-jare a system of Government craí enco shares there is n steady in- tion-Lord Laryngton. quiry for the fully-paid issues of the "Big Five" banks.

At present the buyers in this market are concentrating on shares carrying axed rates dividend. Holders receive divid. ends at fixed rates which in most ages are well below those now being paid on the banks' variable dividend capital.

$

Wide Cover.

the

of

ter the community-cannot-bu-segro- £635; £550, and £505-The-limou--for-the-year again resulted--in-a- gated into classes. We are off at sine de ville may be said to be the heavy loss, but this was covered first of its kind at the prics and sonis. Lime motorists.or riders in

The fixed maximum rates aro an a standard job of the Continen-by the income from investmente. motor vehicles, and at some time tai type. The sports saloon is very

The dividends on the Guaranteed therefore proferential to the extent we are all pedestrians..

noat in its cream and green colour.} "In whatever capacity any one

It is a conebbuilt body, with doors Preference of p.c. Preference and of this difference, and would not be likely to be reduced unless tho having no separate mouldings, Preferred Ordinary shares for the profits were to suffer an unthinkably of us goes upon the roads it be hoves him or her to exercise the There are inset companions and utmost vigilance and care, not only deep wells at the back in the floor, 1 year have been paid with the ex-large reduction

In this category the returns now for the sake of his or her own skin, The low-not seats are comfortable, ception that Sir John Ellerman has

waived the dividend for the first obtainabld average roughly 4 per out of

" £4 shares ab cent. Barclays A others."

mine months of the year on the col yield Es 28. per cent on the The largest Chrysler, on Stand 22 Preferred Ordinary shares held by 10 per cent. fixed rate The rate is the 25-82. h.p. 6-cylinder King-hi. The balance carried forward on this bank's variable dividend

shares is 14 per cent. eliminated by a button control on uton 5-passenger saloon, costing in reduced by £138,837 to £2,000,854. the dash. The cars have hydraulic | £475, the chasis being £305 This four-wheel braking and the springa car, like those previously mention The directors have under con work with hydraulic shock absorbed, has the double-dropped girdersideration the possibility of uti ors. The engine clutch, and goar- trussed frame, automatic vacuuing a portion of the surplus capi- box unit has the two-point floating control for the clutch, three-speed. "power" "pension, and the wheel- transmission with sent gear selectal funds-not now required by the base on this 25-62 h.p. model is the tor, and free-wheeling on all for business, in ropaying a certain Haulo as on the 20-03 Richmond ward gears. Both the automatic Pa *aloor and convertible saloon shown clutch and free-wheeling can be smount per share of the issued ~—namely, just over 116in;

- (Gostinued -on ‹Previous Coloma }-capital.

At 288. 3d Lloyds "B" El issue, paying 5 per cent., gives a return af £3198, while Westminster £1 cent. on the 18 per cent. distribu shares, at bis: 30, return £4 per

tion. Here there is a large block of variable dividend shares now re

All the fixed rate bark shores are diving as much as 18 per cent. fully paid

the attitude of the salesman to

Success is vitally tied up with

wards the buyer.-Mr. Haroki Whitehead.

Let us not mistake conversion for. economy.-Mr. Francis W. Hirat

The problem which economic dis

location has created can only be solved by soonomic recovery and reorganisation. — The Bishop of Durham.....

AMERICAN ORIENTAL FINANCE CORPORATION through its Agent Asia Lands Limited «

Gloucester Building offer a COMPLETE BROKERAGE

SERVICE

in

NEW YORK STOCKS "Full and ́ ́Old Lots of liated Securities bought and sold for cab or carried on conservaUTA margin.

Phone 28380... Cable: A8îÄLANDS

S'ini Cottons...................... Zoong Sings

8145 Wing On Textiles(S.)

Pabllo Utilities

Tramways............. 521g Ponk Trams (old).....| Do. (new)...

Blar Ferrics

Yaumati Ferriss (old)

Do

(dow

Chins Lights (old).... Do. (new).... H.K. Electrica

***

Bandakan Lights...

378

Do. (now) $279

$1481

$4.80

вег

82.20

#27

$10

#10

Tod

T.B

$11.40 10.70

379

+++

445

T14

T.76

Ti12

$146

391.66

$18,50

$28

$181

$93

$34)

$154 $10

$15,20

$7R $39

$78)

Macao do

$30

Telephones (old)

128

T10

China Busos.........

36

Tractions

12/.

Do. (prof.). ins]

Industriala

$271

T

Malabon Sugars .. Caldbeck,

(OKI)

$5.50

TH

(old)...! (now)...

$12.35 11 12

-

$2.20 Hopes

$12!

Ch: Agricultures...

Dairy Farm

$28$ | 3281

中央

T. 10 Macgregors (pref

Canton leas.........

113.33 Cements (comb.)...

Du.

L

Miscellaneous

Der A Wingt

516 Ammusamevite

Ch. E'tainmanta....... 3121

Constructioris, (old) 3.5.20

Do.

Lane Crawford....

$2.20

310

$29

$125

$1.35

(LOW)

$1,40

36.00

$21

Mackintosha

Nanyang Tobacco... $475

$164

Binceres

Watsons (old) ****

Do.

$10

M. Greyhounds

191

8. C. Enterprises...

1.34

United Theatres.

69*%

L

Krem. $10

$10

China Sports Ltd.

$935

H.K. Wing On.....

S'hai Do

118

511.40

(now)

13.35 Wm. Powella..................

B. Ind. G. Bonds... 70

HK. Govt. Loans... 3102

Wallace Harper.......

10.60

3124

· 33,90

LOCAL AND REGULAR OUTWARD MAILS.

Antoni.

WEEK DATY,

FUE

From O.P.O.

| 7.15 am, &

6.00 pat

Samahai and Wuchow (Br} 4.00 p.m.

direct steamer) -

F10x SEXUNOWÂN BRANON P.O.

( 700 mm;

$235

$216

SUNDAYS & HOLIDAYS

FROM From [SHEUNGWAN G.P.O. BRANOR

(7.18 s.m, & Į 5.00 pmn.

12.

$.00 Ple

P.O.

7,00 m, is {7.00, p.m.

1.00

(8.35 km. &) (930 km, &

Sunday

Hundays 8.30 o. Lonly

7.00p.m.

4.00 pa

+1.16 p.m.

Macko & Trineban

Jongmoon (except Saturdays) Kaukong-(except Saturdays). Fatsbon and Wuchow (By)

Train)

(7.5 mm. &} $7.80) at. 10.11.15 p.m.

11.80 pm

5x1) pain,

B.115.5 only

6.00 p.m. 6.00 p

6.00 pm,

6.00 p

0,00 pm.

7,15 m.

7,16 am,

1,00 p.m.

11.00 .1,

Tai O

1,00 mm.

Il Po

Shumabun

Cheungchow

Aberdeen

Swanley He

Autas

Pingahan, Santin

3,00 p

(9.00 mm, &

9,00 p.m.

9,00 am, &

1,00 pm & 15.00 pm

8.00 0.2

12.30 pm.

11,00,104 $11.00 am...

1 & 6.00 pm.

·0,00 8,00

11.00 m

10.30 m

· 8,50 MT/

8,30

Bo taluk and Shoung, akula Balkung***

8,00 h

4.30pm

Hamtau,-SÞokki & Taiping |

· Paule)·