1934-05-30 — Page 2

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HONG KONG. DAILY PRESS, WEDNESDAY, MAY 30, 1934.

})

JAPANESE TRADE HIGH PRICES FOR CHOSEN CORPORATION

WITH DEI,

Negotiations Start Next Month

Medan, May 14:7- Considerable Interest is being shown in Netherlands India in the coming negotiations with Japan. which begin on June 4. All kinds of rumours are current, and it is a long time since public opinion has been stirred to such an extent

BRITISH STAMPS

Hind Collection Under The Hammer

(Special Alr Mall Service)

Increase Of Capital Approved

(Special Air-Mail Service)

London, May 12;

London May 12. The popularity of rare British An extraordinary general meet- postage stamps with collectors ing of Chosen, Corporation, Ltd., was demonstrated when the first was held on Monday at Winches portion of the famous Elind Colter House, London, E.C., to con- lection which was recently brought sider a resolution increasing the from New York to London came capital of the Corporation, The Japanese delegation consists under the hammer at Harmer's

Mr. Serge Rubinstein (Managing of:-Mr. Nagaoka, farmer minister, New Bond Street galleries on Mon- Director), who presided, said that and Mr. Koshida, consul-general { day.

the board had convened this meet- in Batavia: Advisers, Mr. Komura;

The highest price realized for a ing for the purpose of asking the former minister in Austria and single lot was £525 paid for an

shareholders' consent to an in- Mr. Yamanaka, general manager exceptional unused block of 38 of crease in the capital of the Cor- from £500,000 to of Mitsui in Sourabaya: Assistant

the 1840 Penny "Black with the poration delegates, Mr. Aneka, consul in letters (V,E)

in the £750,000 by the issue of 230.000 engraved Sourabaya; Mr. Hayama, secretary upper corners, and 'originally in-

shares of El each The price at of the Department of Foreign tended for official postage. Popu- which those shares could be issued would not be less at any rate than Affairs in Tokio, Mr. Hagegawa.lar Interest centred round a fine vice-consul; Mr. Kotani, formerly example of the rare 9d stamp 308. per share. The letter issued vice-consul in Batavia; Mr. Ozek, (Plate 5), 1865-67. that was once by the Secretary on the 27th formerly secretary of the Depart-in the collection of the King, and April had already given the share

the National holders the primary reasons which ment of Finance; M. Okada, secre- was presented to

Auction. had influenced the directors de tary of the Department of Trade Philatelic War Funds and Industry.

and Mr. Negishi It is mounted on a card" bearing cision to recommend an increase civil engineer attached to the Dean inscription in the King's own of capital, and he thought that agree that partment of Trade and Industry. handwriting to that effect. This shareholders would

There will also be seven techni-unique Item was purchased by an

such an increase was amply justi cal advisers, and five, other stall American stamp dealer for £250.

Having gone in detail into the members attached to the delega; and so finds its way once

developments that had taken place tion, which will leave Japan on

across the Atlantic. May 19 by the Santof Maru.

of the various parts of the pro- perty, the chairman said that the property

The Java Bode quotes from the Japanese papers to show that the treaty between draft arbitration Holland and Japan is endangered. The paper states that there is a

possibility that the treaty will not be ratified.

..

The question is being discussed

by a special committee of the Privy Council and at one of the meetings Mr. Hirota, secretary of foreign affairs, outlined the prin ciples of the treaty.

It was asked whether the Japanese Government intend to make similar agreements with Great Britain, America and France, and it appeared that the Privy Council held the view that a de- Anite rejection of a treaty already signed by the Government would throw the slur of bad faith on Japan. They thought the thing to do would be to postpone the ratification of the treaty.

best

BERLIN SHARE MARKET

[Special to the "Hong Kong Dally Press" (Copyright.)}

Berlin, May 28. Better prices prevailed in the sharemarket on Monday because the transfer conference is ex- nected to end its labours through the plenary sitting to-day. More

more

fled.

*

Üre Reserves

With regard to the question..of

SIR L. BARON

DEAD

Collapse While Dressing For Dinner

(Special Air-Mail Service)

London, May 12.

Sir Louis Bernhard Baron chair-"

He was in his 58th year.

00

the are reserves, a subject of man and managing director of special interest to shareholders, it Carreras Ltd., died suddenly at his was to be borne in mind that, in country home, Holmbury House view of the difference in the hard-Holmbury St. Mary, Burrey. ness of the rock, the maintenance Tuesday night, of ore reserves was an entirely different problem in Korea from

On Saturday he went to Brigh- that confronting mining engineers in South Africa, and it was the

ton to open a YM.C.A. building in custom in Korea not to maintain memory of his father, the late Mr. reserves for much more than two Bernhard Haron. Several friends years ahead of the mill. However, visited Bir Louis and Lady Baron the directors considered that ore

at Holmbury House the previous reserves of at least double the day and he was then in excellent present quantity should be block-health and spirits. ed out.

The existing plant had been

added piecemeal to the original small installation, and money had never been available to equip the mill adequately in order to obtain the best results and the maximum extraction of gold. In dealing with about 140,000 tons of ore per annum which was the amount. actually milled,, every percentage of ore which was allowed to run to waste in slimes, in-tallings, or any other manner, involved con- sequent loss in proft:

Ip

Shortly before 7pm. he went up to his room to dress for dinner,

and suddenly collapsed on the 1oor.

A doctor was summoned but Str Louis died almost immediately." Death is believed to have been due to a heart-attack.

Father's Example

Sir Louis, who was created a baronet in January, 1930, for public and philanthropic services. con- tinued the policy of beneficence initiated by his father, who died in August, 1929. He was a most generous supporter of hospitals

and every form of charity...

Soon after his father's death.” Sir Louts paid the cost of bull-

as a memorial to him, for the use of children and young people playing football and other games. in the park. He also contributed to other park improvements" car -

Most of the principal prices were paid for stamps in blocks of

held by the three unusual size and value such as

He thought, in view, of what he £140 for a mint block of six of the Japanese companies was develop had said, shareholders would agree Ing into an important gold field, that the new capital might not Penny Black struck off the scarce Fiate XI; £69 for an immaculate for not only were the prospects only pay its way, but produce in- mint block of four of the com- turning into mines, but the ter creasing returns.. That was to say panion Twopence Blue; and £180 story was so auriferous on the the total profits made should be surface that one-third of the augmented more than proportion" for a marginal block of eight tonnage milled during the last ately to the capital so that the ding & pavilion in Regent's Park showing inscription and platė

months was being, produced by amount of proft accruing to each. number "1" of the same stamp.

native tributors working in the share would be enhanced, A well embossed corner block of most primitive and rudimentary order not to reduce the profits four of the 6d. reddish purple +1847-54) in mint state made £55.anner, with scarcely any imple-accruing to the old capital before and, an extremely ane mint block ments, and a minimum of explo the new capital had reached an

gives. Should the operations of earning stage, the new shares ried out by Mr. Lansbury when of six of the 4d. deep carmine

those native tributors on any spot would not rank for dividend be- First Commissioner of Works. wok. Medluh Garter). £100.

warrant operations in depth the fore 6 months had elapsed from Sir Louis had been associated Among the single stamps, a re-

company would immediately, pro- the day on which they bad | with his father's business since he' martably fine copy of the rare 10s.

ceed with the sinking of the respectively been issued. More. was a young man. grey-groen (1867-83) with Anchor

necessary shafts, and the conse over, it was the board's intention watermark, mint and well centred.

to make calls on the new shares fetched £105; 9d. straw, "hair-quent vertical and horizontal de-

velopment.

only as and when the money was lines" variety, unused and with

actually required for development

· Land Of Possibilities, almost full gum. £70; and £1

at the mines. The directors pro- brown-lilac (Queen, Victoria), WB-

He wished to draw attention to posed to leave,50,000 shares out termarked with orbs and over-

of the adjoining territory the of the 250,000 shares to be created. printed R official" for depart-

State of Manchukuo, a land of available to be offered to the mental use, very slightly creased.

abundant possibilities, which the shareholders if the Japanese com-

to purchase He was always at his once by directors had constantly in mind. panies decided Investments in that country, were | machinery in the United Kingdom | 8.45 am and rarely left it earlier viewed very favourably in Japan- | and" subject to HM Treasury's than six o'clock. He spent nearly circles. Consequently their permission being definitely grant- all his spare time at Holmbury, of

95.

In all i3 lots comprising the

first day's sale realized Just short of £3,000. The sale will be con- tinued to-day, when stamps of the British Colonies in Europe and North America will be offered.

NEW COLOURS FOR M.S.V.R.

ese

Japanese subsidiaries had taken a ed. participation in a new, Japanese concern formed for the purpose of taking over predominant cónces- sións. in Manchukuo and develop- The ing that country generally. Investment in Manchukuo, apart from providing

probable additional source of profit, which,. in view of the excellent oppor- tunities existing in that country.

ver, the statistics, showing that Interesting Seremban might be very great indeed, was

the sales of Ruhr coal in April was 33 percent. greater than April 1933 proved stimulating: "

Fixed interest securities scarce- ly changed. Call Money 4 to 4 Yound Loan unchanged at 91.3/8. Reichsbank sprang 14 to 162, Dye- trusts 1/8 better at 134.78. Salz. detfurth Potash 1437" on Saturday was not quoted, German Steel Trusts improved 4 to 40.7/8. Ger

Mineral man

Oils rase "5/8 to 1184. Siemenshalske dropped † to 1331. Bemberg Rayon unchanged at 63% and Continental Linoleum jumped 1.7/8 to 66-Transocean. Kuo Min..

>

CANTON SILK MARKET

Canton Quotationa

Ceremony

"Seremban, May 18.

A large assembly witnessed the ceremonial at the Seremban station padang when the High Commia- stoner, Mr. Caldecott, presented the colours to the local battalion of Volunteers.

The battalion drew up in a line facing the saluting base and EH. the Yam. Tuan on arrival received the royal salute with the High

Commissioner.

The battalion then moved int position forming three sides of a square with drums piled in the centre..

After positions had been taken up the Commanding Officer, Ma- jor Gutsell, said: On behalf of the Regiment I ask you to bid God's blessing on their colour.".

also helpful in cementing the already existing friendships with local" Interests and thus creating the goodwill of the authorities.

With regard to the price 21 which the gold was being sold by the mines the Japanese Govern ment did not authorise the export of that metal, so that the gold produced by the subsidiary cam-. panies had to be sold either to the Bank of Japan or to buyers in the open Japanese market. price which the Bank of Japan paid for gold had been much be low the world or London, price. and, in fact, had been sa low dur- ing the last financial year as 855. per oz.

A Record Prost

The

In spite of the fact that gold in Japan was sold at much" below current world prices the average monthly working profit had been The Chaplain and the Kath rising steadily in a reassuring answered "We are ready to do so manner, and a record proft had The Kwangtung Raw Silk TestThen followed the solemn part of been realised in March, 1934, when ing Bureau; Department of Recon-

the ceremonial in accordance the estimated mining profits had struction, Canton, China,

with the custom of giving amounted to £13,167. That com- religious reverance to military pared with an average mining colours, the consecration ser-monthly pront of £152 only In vice was conducted according to 1928, between £2,000 and £3,000 Mohammedan and Christian rites. for the years 1828, 1920 and 1930, Captain Stokes Hughes handed about £4,000 in 1931, £6,500 || tri the colours to his highness who in 1932 £8,700 for the year ended turn handed them to his excellency March, 1933, and £10,800 for the who presented them to Colour nine months ended December, Oficer G. Benderson. The Colour 1933. For some time past bullion Officer received them on bended brokers in Japan had been "offer- knee

May 26. Extra 0.5 13/15 HK. $450N. Email Extra OS. 13/15 HX.

$400N.

- Crack NS. 14/18 HK. $280N,

Extra Extra 20/22 H.K. $280N. Waste NB. Open H.K. 360N,

Yokohama Quotations

May 28

Yen:520 Bourse six months Ten 535

Spot

Golfer

Handicap Why does that fellow do such funny things with hands when he makes a stroke?"

Caddy That's the deaf and dumb. member, sir."

ing a higher price for bullion than The battalion reformed in line the Japanese National Bank on giving the general salute to the account of the industrial demands colours, following which the colours and the purchases by local re- were trooped back to position at aldents for hoarding. In the event. slow, time while the National An- |of an increase in the Japanes? them, was played. Then the bat- | price of gold to the London parity tallon marched past the saluting, and/or increase in production," it, base..

Lee) was evident that the figure of dea when over 58 per share per annum

the which the Corporation was estim- adated to have been earning during and gave the last six months would

Creased

ceremonial com

vanced in the royal

He was first connected with the Baron Cigarette Machinery Co.. Ltd. the pioneers of cigarette- making by machinery in

this country, and for the past twenty- six years with Carriers Ltd.,

A Nine-Hour Day

which he was very fond.

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