{.
12
LONDON STOCK EXCHANGE
*
BLITIAN WIRELESS SERVICE]
Amsterdam
8.34
HONG KONG DAILY PRESS, FRIDAY, JANUARY 20, 1933.
Bucharest
Belgrade
Montevideo.
503 250
30 nom.
1/6 3/16
1/8 1/16
1/3
1/2
Vienna.......................... 29) nom.
Prague
South African Pound £97/08 per
MONEY AND MARKETS
NEW YORK STOCK EXCHANGE
A.O.F.C. QUOTATIONS
Minn
05 7/10
Rio......
3 nom
Berlin
143/29
Buenos Airca ·
49}*
Stockholmg
18 11/32
Bombay.
'Copenhagen
Oslo
20 1/32
Shanghai
193
Hong Kong
Rudhi, Jan. 18.
Yokekuma
Paris
56 13/10
113
£100 sterl
GOLD DISCOVERED IN KENYA
New York
3.34*
Helsingfors
Montreal
3.84?
Madrid
40 18/10
Silver (spot)
ing, 16
Brussels
24.10
Lishon
130
Silver (forward) Warlonn
16 15/13 95 3/16
NATIVE RESERVES TO BE RE-ALLOCATED
Now York: January 18
Geneva
17.30
Athens
02%
-Official bute.
--
30 Industrials
20 Rails
20 Utilities
TRUST A Thornycroft WITH YOUR TRANSPORT
THORNYCROFT
DIESEL
ENGINES
for
VEHICLE AND LIGHT MARINE WORK ARE NOW AVAILABLE
Marine Engines-Models from 9 B.H.P. upwards. Vehicle Engines-Models of 361 H.P.-4 cylinders.
(R.A.C. Ratings)
54.2 H.P.-6 cylinders.
For Prices and Further Particulars
Please Apply to
John I. Thornycroft & Co., Limited
SOUTH CHINA OFFICE
Pioneer Building, Nathan Road, Kowloon Telephone 56752.
TRUST A THORNYCROFT WITH Your TranspoRT
Of interest
to every
British
Business
Man!
BRAINS
BRITISH DESIGN
RIGHT THROUGH
LABOUR
CAPITAL MATERIALS
The "Imperial" is designed and made in England by people who understand English requirements. Foreign made typewriters, imported from countries using the metric system, lack such typically English signs as ""The "Imperial" keyboard has six extra characters just those symbols which the English typist has always needed but never possessed,
In construction, the "Imperial is a " sound British gineering job with all that the phrase implies.
Loya, Jan. 18. THE Colonial Office, in an au. thoritative statement, deals with the position of the native lands following upon the recent discovery of gold in Kenya.
It is explained that in East Africa, minerals are the property not of the occupiers of the land, whether European or native, but of the Crown.
Large areas, totalling nearly 31 million acres, have from time to time been set aside for the native population but the creation of auch native reserves has in no way 'in- fringed the Crown's ownership of the minerals in or under the soil and an Ordinance passed in 1930 provided that, 'with the advice and consent of the Central Native Lands Trust Board, the Governor could exclude from the native reserve, land required for such purposes as railways, aerodromes, townships, waterworks and for the develop- ment of the rainoral resources of tha Colony.
Where any such exclusion was made, an equivalent area of land was to be added to the reserve.
Meanwhile, the Land Commission. appointed to consider the needs both present and prospective of the na tive population in Kanya in regard to land and to report on the de- sirability and practicability of set- ting aside further lands for native occupation has been at work in Kenya since August last.
The
"The discovery of valuable gold; deposits is of the greatest import- ance to Kenya as a whole.' local Government has given most careful consideration to the policy to be followed in developing the potential goldfield.
On the technical aspects they have secured the advice of Sir
[REUTER'S "AMERICAN BARVICH]
Dow Jones Averages: High-1939 Low: Jan. 17. Jan. 18
40 Bonds
88.76
41.30
36.11 83.26.
Change" 1.39 down .01 down 27.01.44. down 70.67
41.39 81.76
60.36
13.33 197.59
20.09
16.53 97.95
05.78 70.07
.30 down
E. A. Pierce and do. Beport. The market has ruled irregular. The do- oling was resumed to-day. From the trading standpoint, buying in not recommended. The regular Liggett & Myers, common, dividend has been declared with a dollar extra. Business Done: 600,000 aliares,
HIOB
45
401
241-
1932
Low PER. Sα..
HONG KONG RIFLE LEAGUE
GARRISON SERGEANTS' WIN OPENING MATCH
WOODMAN MAKES FINE SCORE FOR CLUB
On Sunday 13 threo-cornered match was fired on tho Rifle Club range at Kowloon Tong. The Hong Kong Rifle Club beat the Garrison Sergeants Mens by, one point on actual hits, but the allowances for use of open sights put the G.8.M on top with a score of 480, the Club' making 463 and the R.A.F. 436.
The scores WOTO!---
Garrison Sergeants' Mess.
200 300 000 yds, yds. yds. Ttl
.... 31 27 23.81
29 P4 24 76
20
.... 30 .... 24
21
75
24 10 73
70.
18 28 15 ΟΙ
157 148 191 436)
Grand Total 480
Hong Kong Rifle Club,
200 500, 600
#=RRFR5|83|8 282 2888 58101 EXRFF88
DIV. $
LAST SALE..
Jan. 17 Jan. '18
82
31
3.00 Air Reduction
$61
A. Chappelle
871
49.
737
20
·6,00 Allied Chemical & Dye 4.00 American Can....................
85
#59! 841
*H. Emory
*C. Kirk
582
38
137
9.00 American Tel, & Tel.
304A
1001
80
5.00 American Tobacco "B"
*W. Farquhar *S. V. Clarka
821
614
188
1817
Anaconda Copper Mining 4.00 - Auburn
*J. Garrod
7
7
43
452
438
-2.00 Borden Company award
24
23
201
-
Canadian Pacific
13
13.
91
1.00 Chrysler Motors
145
14
4.00 Consolidated Gas of N.Y,
60
07
400 Drugs, Inc. .......
35
342
2.00 Du Pont de Nemours .........
30
38)
36..
3.00 Eastman Kodak ...........
591
50%
yds. yds. yds. Ttl.
6% 8. Electric Bond & Share
182
177
R. H. Woodman 31
31
30
84
0.40 General Electric .....
13.
H. Watson 27
30 20.
15
2.00 General Foods ....
C. F. J. Simp
28
25
son
25
24
1.00. General Motors
13)
25 74
1.00 Gillette Safety
18+
*1. L. Tetley ..... 27
· 24 · 15
23
*Van der Lely... 29
10
22
71
*C. Holmes...... St JD
13
4.00 Liggett & Myers "B"
50%
507
"17
173
134
132
..40%
301
2.00 Pacific Gas & Electric
Pennsylvania Railway
201
201
171
18!
Radio Corp. ..................
--Sears Roebuck.................
104
1.00 Standard Oil Co. of New
Jersey
*Walter
20
203
301
*S. Conway
20 20 2173
0.40 Socony-Vacuum Corpn. ....
*Lister
1.20 Union Carbide & Carbon
201
*Rowe
Adams
6:00 Union Pacifio
731
United States Steel
281
*Turner
Westinghouse E. & M.
29
* 5 * $ 0 - % 7 % % 9 ÷ 9 6466327788996 RAGE TEZIO
16
12
04
43
*******÷218-7--2--127ggende T8-e
1.20 International Harvester .....
International Tel. & Tel.
3.00 Loew's Inc.
Montgomery Ward
9.80 National Biscuit.
Albert Kitson, a very eminent geo- JAPANESE INDUSTRY, HONG KONG STOCK
logist of worldwide experience, and in framing the necessary ordinance to deal with the immediate situa- tion they have taken the opinion of the Central Native Lands Trus Board, the Chief Native Commis- sioner and the Land Commission.
IN 1932
YEAR OF CHANGE AND UNCERTAINTY
MARKET
YESTERDAY'S OFFICIAL
QUOTATIONS
Again there was no material
Moreover, the Governor has taken- the wise stop of explaining the
Tokyo, Jan. 1.-Industrial circles, position in the natives themselves encouraged by the reimposition of change in the state of the market in their tribal gatherings.
the gold embarge and the promise to-day, although not a few of the Every care has been taken to much hope. Prices advanced fairly ly but steadily absorbed. Of the of prosperity," began the year with investment issues are being gradual safeguard not only the interests of sharply. A reaction, however, soan 1 minor issues Cements were a fărın. individuals in the immediate pre- developed in the absence of con- feature, as also. Eron and Dairy. sent but also the ultimate interest sumption demand. of the tribes as a whole in the fu-
Subsequently
ture.
the situation improved with slump in the yen and the conse- quent expansion of the export
The Government inflation policy also caused domestic prices to mount.
The surface actually required for reef niuing in Kenya is a matter trade. of acres only and the total amount of the land likely to be excluded from the reserves is, relatively, very small. Moreover, the exelu- sion is only for the duration of the lease.
1
The matter of immediate import ance is to ensure that any indivi: dual native whose holding covera the ground required for mining (Continued at foot of next Qoluma)
Imperial
MODEL 50
PATRIOTISM THAT FAVOURS THE
It is, of course, patriotic to "buy British" in any case But to purchase a British product that is not only CHEAPER but MORE EFFICIENT than the corresponding imported article, is to combine patrio- tism with economy......
Which is only another way of saying.
INSTALL IMPERIALS for ALL-ROUND EFFICIENCY.
REISS, MASSEY & CO., LTD.
oad Central, Hong Kong,
Production depended largely on the price movement. When prices declined in April, production fell of but when prices started to improve, the turnout was increased. In October the infiktion boom deve- lopod in many lines, and this, together with a conseless downward movement of the yen, brought about a rush of orders. Production then mounted. Many factories which had been restricting production for years started to alleviate curtailment and even work full capacity. The fol- lowing are the production restric- tions, observed:---
Jan.
Oct, Nov, Doc. 1933 Percentage) Cotton yarn 30.4 304 30.4 27,0 Rayon 15.0 10.0 Abolished Bleaching Powder 45.0 38.0 35.0 20.0 Superphosphate... 50.0 50.0 30.0 30.0 Cement.............. 87.5:57.5 85.0 55.0 Steel bars
******** 10.0 10.0 Abolished It is remarkable that rayon pro ducers have now started to work full capacity, Japan has hitherto occupied sixth place in the world list, but in the new year will boʻ raised to the second place, Steel and fertilizer manufactuters are expanding their works. Many in- dustrial concerns which have not paid any dividend for yenzs -can pay for the term now ended. An increase in dividend payments is also reported by other concerna Japan Chronicle..
operations shall receive compensa- tion for disturbance "and an alter- native piece of ground on which he may live and work in close pro- ximity to his market.
11
The Governor does not contem- plate any difficulty in providing any individual dispossessed native with land. Compensation will also be paid to local native funds.
The function of the Land Com- mission is to report on the ads quacy of the reserves and they will take all factors into account includ ing the requirements of possible mining development.
The Government of Kenya have ́approached a difficult problem in a practical and sympathetic way. They are dealing effectively with the immediate necessity of resettl ing individual natives on whose land gold is found and when the Land Commission reports, the Grow ernment of Kenya and the Govern mont at Home will be able to deal comprehensively with the wider - „question of the adequacy of the rec
·Borven
Farms:
Sales. Hong Kong Banks, $1,605. Hotels (Old), $9.05/9.10. Hong Kong Lands, $75). Electrici, $76. Cements (Combined), $11. Dairy Farms, $29.40/20),
Buyers,
Hong Kong Banks, $1,680. Mercantile Bank A. & B., £24. Canton Insurandes, $1,390, Union Insurances, $547). Douglases, #97.
Providents (Old), $4.45. Hotels (Old), 80.10. Hong Kong Lands, $76. Realties, $71.
Chinese Estates, 106. Ewo Cottons, Tla. 14. Telephones. (New), $m}" Coments (Combined), $10.90, Cemente (Old), $7.70. Dairy Farma, 820,40. Govt. Loans, % Prem
Ballers. -Providents (018),' 84.85.
Hotels (Old), $0.15. Hong Kong Lands, $70). Ewo Cottons, Tls. 14.20) Amusements, 15 Wallace Harpers, 80. China Sports, $8.
150 147 131.
Grand Total
R.A.F.-Kal" Tack Rifle Club,
200 600 600
yds, yds. yds, Til,
20 22 74
21 28 22
25 20 20
25 26 18:
143 143 110 306
433
Grand Total *Plus 10% for use of open sights,
AMERICAN ORIENTAL FINANCE CORPORATION
A COMPLETE SERVICE
A complete brokerage service for New York Stooks i available at our local Agents
Asia Lands Limited
Gloucester Building.
Daily Quotations sent gratis
upon request.
HONG KONG BENEVOLENT
SOCIETY
THE Committee of the above
Society would be most grateful if those interested in its work would' kindly send in their donations of subscriptions Money is most urgent-. ly needed and funds are very low.
No amount is too small and will be most thankfully received by the Hop. Treasurer,
*
Mas. E. I. WYNNE-JONES, 161, The Peak.
Hong Kong Weekly Press
The Lull at Shanhaikwan
Kowloon Motor Bus Contract Local Schools Prize Givings Local Sport:
Cricket, Football, Golf, Racing Yachting
and
Other Interesting Features.
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