1933-09-06 — Page 12

12

Cantieri Riuniti Dell'Adriatico

TRIESTE-MONFALCONE

Shipbuilders, forge masters, electrical engineers, makers of the most up to date types of aeroplanes. and seaplanes.

Tenders and designs submitted on request. GENERAL AGENCY FOR HONG KONG AND SOUTH CHINA ST. GEORGE'S BUILDING. 1st FLOOR.

As a handy Peps

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HONG KONG DAILY PRESS, WEDNESDAY, SEPTEMBER 6, 1933

"DANGEROUSLY

YOURS

UNECONOMIC SUBSIDIES

Coming To King's On Open Freight Markets

Thursday

If Warner Baxter should sudden- ly lose all his money and the popu larity which makes him one of the leading stars of the soreon, he would make a living as a cook of Spanish dishes.

Epicures who have a fancy for "chili con carne, properly prepar- ed, will go miles, to get a bowl of the Mexican national dish as prepared by the romantic film star.

Will Rogers is an enthusiastic ad mirer of Baxter's culinary skill and never misses when he's invited over for a chili feast.

Baxter's latest Fox picture, is "Dangerously Yours," in which he plays the role of a romantic society crook. Miriam Jordan and Herbert Mundin also are prominently cast. It comes to the King's Theatre on Thursday.

NET PROFITS INCREASE

(Continued from Page )

Being Closed

SIR A. ANDERSON ANALYSES THE POSITION

"A convincing drive on the vexed question di unecate suipping subsidies is conrivused by Sir Alan Anderson, Frauent of LOBASSO- at British Convers of con Commerce, to the August 18ate 01 Brition Industries, tue journal of the Federation of brush indus7. One primary and inevitable tries. cause, be writes, of the stoppage world trade which has produced instability of exchanges and our- rencies, driven 20 countries, includ ing the two greatest creditor coun: tries of the guld standard and produced an outcrop of emergency restrictions in the past three years is the refusal of orechtor coun- tries to take payment in goods anu services.

The only alternative to a reversal of this policy is that they wipe out the debts owed to them and cease To- to sell in the world market. day, Sir Alan Anderson points out, there are only two ways in which creditor countries can take payment goods and services. continues?

THE EXCHANGE

MARKET

MESSRS. ROZA BROS..

REPORT

Messrs. Roza Bros., have for- warded us, the following Exchange Market Report for yesterday,

Bliver prices rose 1/16 over the week-end, the quotations being 18

1/8 for Ready and 18 3/18 for

Forward. Saturday's Silver advices reported the rate at 36 5/8.

New York advices of the 2nd instant reported the opening rate at 4.53 1/2 and the closing rate at 4.54 "1/2.

Market.

Qulet. The market opened with indications of firmness but subse- quently eased off alightly?

Starling.

There were sellers after the opening af 1/5 1/32 for September, Subse- buyers bidding 1/5 3/32. quently a small business was done at 1/5 1/32 for near delivery. The market closed at lunch time with sellers at 1/5 September and 1/5 1/32 October, buyers at 1/16 higher respectively.

U.S. Dollars.

A small business was done at 32

1/2 for near delivery followed later by a amall transaction at 32 3/8" 'He for cash. There were sellers at

32 3/8 for near and 32 9/38 Octo

been

Yen. Merchants were quoted at 119 for near delivery.

Shanghai Dollars. Were quoted at 111 3/8 for near delivery.

Shanghai.

Steady but quiet. Sellers were Indicated at 1/3 1/4 for rear, buy-

IN THE AFTERNOON ers at 1/5 5/16 September.

The market was quiet., in the afternoon.

18

To take payment in services theber, buyers probably at 1/16 high- nations must refrain from the pracer. history of civilisation over cen- tices which prevent, for example, the economic continuance of ship- turies conclusively proved that no tangible commodity was as suit ping and shipbuilding industries, able as gold for this purpose. The and imperial the future of inter

national sea transport. These expansion of credit resulting from tices may be summed up in the an enlargement of international

two words-uneconomic subsides.

If there are 15,000,000 tons of trade must undoubtedly be follow. ed by a greater demand for that shipping lying idle, if one-third of which constituted the security for the world's seamen are unemploy national currencies. The value of ed if shipbuilding hus one nation's currency in terms of brought to a standstill, and private enterprise in shipping is threaten another might vary from time toed with extinction we must blame time, but the fact remained that first the reduction in the world's the foundation of all currencies trade, and secondly the uneconomic must be a sure one, and gold is assistance given in varrying forms the genuine money. While this by Governments to shipbuilding remained so there was no reason and shipping which has been large- to believe that the value of goldly responsible for glutting the would not fall much below the freight market at a period of da clining trade with tonnage built Conse- price at which it stands.

and run as the taxpayers' expense. quently a sense of quiet satisfac- Until such anti-economic interven tion may be felt by those who have tion is abandoned it will continue invested their capital in any gold to depress the freight market, tr mine which is a consistent pro disorganise industry, and to render ducer of the precious metal at a subsidised and unsubsidised vessels margin of profit well over the cost alike unproductive.

The Raub mine, of production. said the chairman, may be classed as one of these.

The accounts for the year were adopted, and a hearty vote of thanks was accorded to the secre- taries in Brisbane, and to the staff at Singapore, and Raub.

Messrs.

11

Destroying Open Freight Market Shipping, Sir Alan Anderson states, is the servant of commerce whose godus it carries, and it is for commerce to say whether at na alford to see destroyed the condi- ions of ocean transport which Have given it good service in the past.

Those

been conditions. have De Burgh B. B. Persse; R. C. Phlip, M. D. Davies, and C. 8. Delpratt secured by the open freight market, were re-elected directors for the and the open freight market is be ensuing year, and Mr. F. G. Pum-ing destroyed by national interfer- frey, F.C.A. (Aust.) was re-elected ence. It is essential that inter- national trade should have at its auditor.

command ships built and run on an economic basis, but Sir Alan An- derson points to the unpalatable fact that a continuance of excea- sive subsidies must provoke retalia- tion, eithen in the form of counter subsidies or in the form of anti-. dumping laws against foreign sub- sidised ships

LIMITS TO RADIO

Can Never Get

Sir. "Alan Anderson is not guilty

Through To Mars of overstressing his case when he

Chicago Mars were inhabit ed we could not talk with it by radio. In between, there is a big blanket. It makes our radio a purely domestic affair limited to the earth. It checks fanciful speculation on any interplanetary system of communication..

This radio blockade is caused by

declares that it is hardly conceiv able that international trade would not suffer by an outbreak of an interrational shipping war.

OVALTINE SUCCESSES

AT ROYAL LANCASHIRE

SHOW

At the Royal Lancashire Show at from the

a layer of ozone. When people go Salford Jersey

COWE

out into the country and get a lot "Ovaltine" Dairy Farm were again

of fresh air, often they exclaim remarkably successful. Four ani about the" ozone." However the zone that stops the radio hangs five times higher in the skies than man has ever soared in a balloon.

In Sterling no business was re- ported, finishing with seller's at 1/5 1/32 August, September and 1/5 1/16 October, buyers at 1/32 higher respectively

U.S. Dollars.

The market closed with sellers at 32 7/16 September, 32 1/2 se- cond half September and 32 9/16 October, buyers at 32 9/16 Septem- ber and 32 3/4 October.

male were entered and all four gain- ed prizes. In the two-year-old class both first and second prizes were obtained, and first and second prizes were also obtained in the yearling In his ascension into the strato- and cow classes respectively. This sphere Lieut-Commander T. W. G. brings the number of "Ovaltine' Settle plans to take observations of awards at the leading agricultural the ozone layer. It will be the first shows this season to the impres time that this has been attempted sive total of 48. Such consistently with the combination of greater excellent results point to the very nearness and better instruments high standard of efficiency prevail. that this balloon flight makes posing at the "Ovaltine" Dairy Farm, in the housing, feeding and gen. aible.

eral care of the animals

It is hoped that the experiment This dairy farm, ideally situated will also bring back further in- at King's Langley, Hertfordshire, formation about the much talked of is considered by those most compe ultra violet rays of the sun.

tent to judge to be the most up-to- "Experiments performed up to date and scientifically conducted date show that there is a layer of dairy farm in the world. It was ozone some 10 to15 miles thick at a established by the proprietors of height of 50 or 60 miles above the "Ovaltine" to set the highest stand. earth. This ozone absorbs the rd of quality and purity for the ultra-violet light from the sun and many thousand gallons of milk is believed to be responsible for a which, together with the finest malt extract and new laid eggs, are used definite limit to the amount of ultraviolet light which can reach each day in the preparation of "Ovaltine" the popular tonic food the earth's surface.

beverage,

The ozone layer is definitely:

Associated with the so-called hoovi

Gen. Chiang Kaishek, has offer- side layer, so important in radioed big rewards for the head of transmission because it blocks the Communist leaders in Central passage of radio beyond and con- China. The price will be paid im- fines it to the neighbourhood of the mediately upon the surrender of earth,

these personages, dead or alive. Obviously, it is of value to know They are Chii Teh and Mao Chah- whether previous experiments have tung, each of whom fetch $100,000; given us the true aste of affairs, Red Army commanders fetch or whether there is an appreciable $80,000 while Red divisional com- amount of odone, formed at lower manders and executive members

fetch $480,000 each. levels in the atmosphere."

The SHORTEST Line to the

GREATEST Spectacle of the Age...

This is a year in which history is made ...in which the whole world pauses to view the thrilling panorama of achieve- ments made during the century...the colorful spectacle called by the magic words...che

WORLD'S FAIR

CHICAGO... June to Nov. I

Low Round Trip Fares Seattle

to Chicago

$7725

Rev Link 21 days

$9030

Keturn Limit October 11

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THE MILWAUKEE ROAD

ST. JOHN AMBULANCE. #Fanling

BRIGADE

"

NEW TERRITORY BRANCH Return of Cases catered for at

2704 2117 33 Centres during August.

114 12 1 1131 Tsun. Wan Cheung Chow

Shataukok San Tin

3 1743 6 1258

1735

1244 B

1198

6 -

1904

Kam Tir

1107

3 1110

Ha Tsun

953 14

-

907

Shatin Ting Kok Sai Kung

808 6

814

801

2

203

70

*70

(Opened on 29th.)

11174 97 11286

Oh yes, I'm quite all right now

IS YOUR HUSBAND tired and irritable in the even ing? Santogen would work wonders for him in these d115- cult days. De not talk about "nerves" to him though, he would probably object to the werd But you will be as- "tonished and pleased to see how-ifter taking Sanatoru for a few days--he picks up He soon becomes like his old

self again strong and healthy

happy at his work and willing go somewhere" in the evening

to

“I would never have thought that I could get well so quickly and easily. It's all due to Sanatogen! And to think that only a few weeks L.

ago felt so tired and listless that I really thought I was getting old."

All those signs of nerves--and who does not suffer from nerves in these days-disappear like snow in the sun when Sanatogen is taken. For Sanatogen is made to strengthen weak- ened nerves-for more than thirty years it has been known over the whole world as a rehable revitaliser. It must do you good.

Start taking Sanatogen now. Your feeling of irritability and "nerviness" will soon disappear. Your appetite will return and you will enjoy

sound restiul sleep. You will no longer feel tired and run-down for Saratogen will build up a reserve of strength in your body.

J

Start a course of this famous nerve. food today. The financial outlay is negligible a few pence a day--- particularly when you can win back health and youth.

SANATOGEN

The True Tonic Food

Ar all Chemists

Sanatogen is readily absorbed by the stomach and has an Immediate and remark-

able effect shown

trength and

colour is br writes a physician in

a steady increase of At the same time the ack to the cheeks. Medical Press & Circular?