1934-04-17 — Page 3

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HONG KONG DAILY PRESS. TUESDAY, APRIL 17, 1934.

THE EASTERN BANK

GROWTH OF MOTOR TRAFFIC

(Continued from Page 2),

form of economy. Whether the tyre is old or new there is no rik". of damage, and the process is really deserving of serious atten- tion..

Competitions

The position of those sports- men who are engaged in the trade has long been unsatisfactory. Clearly it was an unwarranted Interference with a man's privatų life if, because he had some con- nection with the motor industry, he could not take part in even the closed competitions of his own club.

That however is now altered, and the trader like the private owner can enter the events of his own club, and generally compete. side by side with other owners, provided the car is actually his own and registered in his name. A trader may not lend cars" to private motorists for competition purposes, but that is quite reason- able as regards club events, and altogether the position is now quite satisfactory.

Of course events approved by trade organisation as open events which can be fully supported by the trade are a different matter, but there are very few of these. The difficulty has been with club' events in which trade members, wished to compete as private in- dividuals.

New Trial Test

+

The Scottish Sporting Car Club recently included 1 test од original lines, which proved an excellent index of driving skill combined with acceleration -and braking. It was a little simpler

Problem Of Japanese Competition

(Special Air-Mail Service)

London, March 28. The twenty-fourth

annual general meeting of the Eastern Bank Ltd. was held yesterday at 2 and 3, Crosby-square, E.C.

Mr. J. S. Haskell (chairman of the Bank), in the course of his speech said: The profits for the year, including the balance brought forward. amount to £188.760, out of which an interim dividend, absorbing £30,000,"was · paid in October list. We now recommend a final dividend of 3s a share, less Income-tax."'**

THE WEEK'S BUSINESS

G. A. Harriman's review of the past week's business la 18. follows:-

Business during the period under eylew has been on the cull side and though a few stocks were again marked down to new low The result willy I trust, be

levels, Cements deemed satisfactory. The yearming feature by making a sharp formed a redee-

under review, you are aware, has been again in most difficult one. and although trude' at home has been improving, we have still to contend with adverse factors, such unsettled foreign exchanges, as

·lessened demand

for banking accommodation, and very low rates of Interest. In India and Irak money 'commanded no better values than those ruling on this side, and in order to get an ade- quate return on our funds we have had to rely on our investments. the yield on which, owing to con- versions both here and in India, ́has been less favourable. ያያ

In the past one of the principal

rise, to $2.50 towards the end of: the week: China Lights (old) were steady 'at around - ·$8,80. Hotels, after having been done at $8, Providents (old) touched new low receded to $5.80 at the close. levels with sales effected as low as $1.80. Investment counters again ruled easier with Hong Kong Lands Electrics to $714. done down to $64.75 and Hongkong Telephones

(old) again eased off a little with shares offering at $23.10, after business done. at $23.00 Trans were on offer at $201 at the open- ing but were bid, up to $20.30 at the close with a few parcels chan ging hands at $20.50. Dairy Farms outlets for our funds has been the

eased off to a selling rate of $261 financing of exports of cotton after sales at this figure: Sterling piece-goods to India, Ceylon, and issues remained unchanged with Trak Owing to intensive Japanese Hong Kong Banks done at $1830- .competition there has, been and Unions at $575. Mining shares heavy falling off in this business. were quiet but there were enquiries In this connection it may perhaps for Raubs at $14.30 and Antamoks be pertinent to' remark that Ceylon,

at 71 cents. The tone of the

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NOTICE

On and After the 1st, February, 1934,

in fact than appeared on paper, which benefits under the Ottawa market at the close remains, dull. There will be An Hourly Service on route No. 6

but it certainly called for judg ment and ability 50 reverse promptly and accurately..

Tests of this kind are to be re- commended as encouraging good driving and confidence in car handling under conditions which require prompt action and clear thinking.

Nor did it require too much. time to carry ouf, and the com- petitors were put through their paces at Bardowle with an absence of delay which suggested that such, a Lest could be employed, with a considerably large entry without undue loss of time. Al- together the 8.8.C.C. are to be congratulated on another trall

• excellently conceived, and carried out

A Missing Number

I wonder how many readers of these notes on Tuesday last week realised that there was a word of no small importance missing from the last sentence of a paragaph about my recent visit to the Aus- tin factory at Birmingham. The paragraph in question, was

one

in which I mentioned some of the latest extensions of plant that I had seen during my visit."

It so happened that I did not read through this contribution in print on the day it appeared. but at a function the next day a friend drew me aside and whis- pered, "What's this latest mystery at the Austin works?" He pro- duced a cutting of the paragraph, and this is what I rend. !

and a new battery of something like electrical engine-test beds.”

As indicated above, a missing word Was the cause of the. "mystery." That word was "fifty." My guide at the factory could not tell me exactly how many new. electrical engine-test beds were.: being installed in the space pre- pared for them, "but said there would be "something like flity."

There is certainly nothing my- terious about these engine-test.. beds; they are a feature of many modern factories. But they are rather intrigulag" nevertheless An engine is bolted down to a cast-iron bed and coupled to an electric "dynamotor. Current is then switched on to the latter so that it may serve first as a motor, to rotate the engine at a prede- termined speed and, give it an initial run-in

A yellow light shows on an in- trument panel ́it engine stinness is normal; a red light indicates excessive stiffness, and need for examination to And the cause; a green light comes on when the stiffness has passed off enough for the engine to be run safely under its own power,

Agreement in respect of "her ex- ports, does not accord any pre ferential treatment to the manu- factures of Lancashire, which are being steadily ousted in the market by Importations from Japan.

Towards the close of the year an arrangement was concluded bet ween India and Japan with a view to securing a fair share of the Indian market to British imports and at the same time enabling the Indian mille, which were on the verge of bankruptcy, to work at remunerative, values. Whilst it seems that India will benefit by The Agreement, it is not yet clear that any great advantage will accrue to Lancashire. Since this Agreement was concluded there have been negotiations" for 14 agreement between representatives of the industry in this country and Japan. These negotiations have unhappily broken down. Whether agreement may or may not result, it is more imperative, than ever for Lancashire to concentrate upon a reorganisation of the industry.

The general economic condition of Irak shows a noticeable impro- vement during 1933. It is a matter of no little concern that the United. Kingdom and India are losing much ground, in their business with Trak The United States of America since the depreciation of the dollar has been making more headway and Japan has been seriously displacing Manchester cotton goods and artificial' silk. manufactures from this country,

The report and accounts were unanimously adopted,

among

motorists. His question is as follows:-"Does a piston stop at each end of its stroke while the crankshaft is revolving?"

Apparently an argument has arisen as to how one part can possibly stop moving while it is firmly coupled to another that does not cease to move, The question

that rather implies there has been some confusion of thought, or, rather, failure to distinguish between stopping" and "remaining stationary.”

-A' piston uriddubtedly stops each end of its stroke; it must do so in order that its direction of motion may be reversed.. But theoretically it does not re- main stationary.

In practice, however, it stops and remains stationary, though how long it is without movement depends upon a number of vari-' able factors, such as the crank- shaft speed, length of crank throw, length of connecting rod, thickness of the oll films in the gudgeon pin arid big-end bear- ings, and the viscosity of the 'oll, the latter in turn depending upon the characteristics of the ófi in conjunction with its temperaturę, while the thickness of the o films depends upon the bearing

The latter brings the electrical machine into use as a dynamo: various power and consumption tests ensue, until a predetermined standard is reached and maln- ・・・ clearances....t tained. The current generated" during these engine-power tests supplements the electric power supply of the factory.

New Motoring Conundrum

A correspondent who is inti- mately connected with the motor Industry, I may say propounds one of those conundrums relating to the operation of cars and their components that not Infrequent- ty give rise to lengthy arguments

Among the other conundrums to which I have referred are those relating to the motion and speed of any given point on a tyre relative to the road, the un- equal length of the "half" strokes of a piston variations in fuel consumption at high and low speeds, and, hoary with age as a point of discussion, among novi- ces in particular, the direction In which a car tends to overturn when a corner is negotiated too fast.

Hong Kong Banks $1,830.- Bagulo Gold 44 cents Ewos S$11.85

Hong Kong Hotel's $5.85/6.- Star Ferries $96.50

Hong Kong Electrics $711/71} Hong Kong. Telephones (old). $234

$12.95/45

Hong Kong Telephones (new),

Dairy Farms $26:50

Hong Kong Tramways $20.50 China Lights (old) $8.90/95 Hong Kong Lands $641/65,- China Providents (old) $1,80/90 Cements $1,80/2.50 Constructions (new) 70 cents

between Blake Pier & Repulse Bay.

THE FIRST BUs Leaves BLAKE PIER AT 8 A.M.

&

THE LAST BUS LEAVES BLAKE PIER AT 8 P.M.

&

REPULSE BAY AT 8-30 A.M. REPULSE BAY AT 6-30 P.M.

DAILY.

DAILY.

CHINA MOTOR BUS CO., LTD

HONG KONG, 24 JAN, 1994

NOW ON SALE

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