1934-06-06 — Page 2

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THE WORLD'S GAZE

HONG KONG DAILY PRESS, WEDNESDAY, JUNE 6, 1934.

NIPPON YUSEN

KAISHA

BERLIN SHARE MARKET

SILVER ISSUE IN AT THE ACADEMY

AMERICA

A Sickert Portrait Stands Out

፰ . .

Half-Yearly Meeting Legislation Promised

Kobe, May 26.

The following is a summary of the address delivered by Mr. Ken- kichi Kagami. President of the NYK, at the shareholders' semi- annual general meeting held at Tokyo on the 25th May:---

(Special Air-Mati Service)

London, May 20.

(Special to the "Hong Kong Dally, Press" (Copyright.)]

RUBBER EXPORT QUOTA

Committee Formed

!1

(Special Air Mail Service)

London, May 20. A further step was made yester- day in the plan for the control of rubber exports from the producing countries. The International Rub- ber Regulation" Committee, which

The President took the chair, and would send a message to Congress/ usual. There is no "picture of coming issue of new Reichs con- is to determine the monthly: per-

in support of the Directors' report of accounts, etc., said in part that

the year."

portrait

Dunn.

Berlin, June 4 The sharemarket opened very buoyant in tendency, minings and electrics being sought and prices. (Special Air Mail Service)

In generál being firmier. The tem- London, May 20,

At this year's exhibition at the porary.regulation of the transfer was made An announcement

question, the agreement about the from the White House on Wednes-Royal Academy, Interest is distri

buted much more evenly than Saar and the announcement of the day night that President Roosevelt

version loan, all bad a stimulating centage of exports, held its first From a purely aesthetic point of effect. Fixed interest securities meeting and fixed the quotas for within the next day or two out-':

the remainder of 1934. lining the Administration's policy view the best painting is Bickert's were also firmer.

recommending silver and

To facilitate the introduction of of "Sir James the net profit for the half-year on

Call Money 4 to 44. Young Loan Bart::" ย full-length character rose to 92, Reichsbank unchang-regulation at very short notice. ending the 31st March, 1934, was specific legislation to give it effect.

the Committee decided that the The announcement followed on study, with a prevailing note of Ted at 154 i. Dyetrusts jumped 31 Y.1.158.000, after fully providing

be This work may to 1423. Salzdetfurth. Potash 147 reduction of exports should for the customary reserve, fand.. the heels of a long conference be- luminous blue.

They there-` the depreciation of the fleet, etc. to tween the President, the Secretary not be appreciated as it deserves on Saturday was unquoted, German effected gradually. the extent of Y.5.300.000. Adding of the Treasury, and the lenders of because the paint has sunk rather Steel Trusts advanced 1 to 421, tore fixed the percentage of the to the aforesaid net proat the the silver bloc in the Senate at badly into the canvas; and it is German Mineral Oils sprang 1 basic quota which each territory amount brought forward from the which, it is understood, general pity that one of the several to 1194. Siemenshalske rose 24 to may export in 1934 as follows:

June and July 100 per cent. preparations 1381. Bemberg Rayon improved 1} previous term, viz. ¥.2,407,000, agreement was reached on the temporary varnish

August and Sept. 90 per cent. total of 3,593.000 was obtained scope of legislation" which will be now available was not used for to 713-Transocean Kuo Min.

October and Nov.... 80 per cent. From the last-named amount submitted to Congress for enact-

purposes of exhibition:

in the

December

70 per cent. Of all the pictures. Y.60,000 had to be deducted as ment before the close of the pre-

Rigid adherence to the monthly legal reserve-as prescribed by law

was Academy this is perhaps the only Agreement sent session.

percentages will not be expected, -leaving a balance of Y.3.533,000. effected on the basis of a Bill al- one likely to achieve a European

but an excess or deficiency of ex Or this balance the Directors pro-ready drafted by Treasury counsel reputation.

ports during any one month may subsequent be adjusted in any month or months during the con- trol year ending on Dec. 31, 1934.

Under the scheme of regulation it is open to the Committee to review the decisions from time to time, if for any reason this "should in their opinion be desir-

able

The various territories are re- on Committee as fol- presented lows:

Malaya. Sir John Campbell, Mr. J. G Hay, Mr. H, Eric Miller. Mr. V. A Lowinger.

-”

"posed to allot Y.40,000 as the Direc-which skilfully reconciles" the op- The catholicity of taste of the tors' and Auditors' fees, and Y.964- posing points of view of the Pre-present excellent directorship of 000 as dividend to the shareholders sident who has throughout the the Academy is perhaps best ex- (corresponding to 3% per annum), carrying the net balance of Y2 630,000 forward to the count."

next

ac-

REICHSBANK QUOTA-

TIONS.

Special to the "Hong Kong Dally Press” (Copyright.)] .

Berlin, June 4. Reichsmark quotations (without

New York qu

....38.97 Parls

present silver agitation held firmly pressed by the fact that popular to the thesis that any legislation interest is likely to be evenly dis- should be permissive, and that of tributed between the Sickert port-guarantee):— the silver bloc in Congress. which ralt, a work in sculpture, and an- has demanded that it should bejuther in architecture. mandatory. It performs this seem-

Jacob Epstein's character study

In reporting the increase of net profits for the term, the President pointed out that while the resultingly impossible task-so it is un-of Professor Einstein is very good might be considered satisfactory,

was concerned, he could by no means infer from it any indication of a general recovery in the ship- ping trade, Bearing in mind that the earnings during the term in question were promoted by the ad- and by a vantages of exchange. phenomenal increase in export

It is one of

Cathedral Model

in so far as the term in question derstood-by the simple expedient sculpture indeed.

of making the policy mandatory. Epstein's" very finest works." but leaving to the President's dis-

The place of honour is given to cretion both manner and time of giving it effect. It would thus ap- the big model for the Metropolitan pear that once again Mr. Roosevelt Cathedral of Liverpool, on a scale has succeeded by his political of in. to 4ft. designed by Bir ingenuity in saving the substance Edwin Lutyens, and carried out of his policy by the sacrifice of its by John H Thorp. It includes a figure of "Christ the King." by C. shadow.

8. Jagger, and other figures by W. C. H. King.

trade, it would remain to be seen how long such advantages would last, especially in view of the Im- pending adoption of repressive measures by

nations several against the importing of Japanese goods. The President was how- ever, pleased to say that for the and half years. the Directora were enabled to recommend a modest dividend of three per cent per annum, and that this achievement was due in a large measure to the constant

Arst time in

three

ง

enforcement of rigid economy and the consequent increased etrength of the Company financial position. It was in virtue of such lacreased

Three Provisions The projected legislation will, it is anticipated, embody three prin- cipal provisions.

1-A specific declaration that silver and gold are basic money and that it is the policy of" the United States to maintain metallic reserves against Issued currency in the ratio of 25 per cent. silver to 75 per cent. gald.

2-Authorization empowering the Secretary of the Treasury to pur- chase the silver needed to give this policy effect.

Amsterdam

Paris (Sterling) Paris (Dollar)

591.07 ..57,56

..76.84 .15.17875 -Transocean Kua Min.

SHANGHAI RUBBER SHARES

Latest Quotation

Messrs. Carroll Bros., have just received the following cabled quo-

Anglo JavaS

Anglo Dutch

Chemors

Consolidateds

تقریر

Netherlands India-Professor J.

Ivan Gelderen, Professor L. P. le Cosquino de Bussy, Mons. D: Bol- derhey.

是

4

Ceylon. Mr. E. B. Alexander, Mr. C. H. Figs.

India (including Burma),--The High Commissioner for India, Sir Bhupendra Nath Mitra.

Indo-China. Col. F.

Andrew North Borneo-Sir Andrew Mc- Fadyean,

$8.50

5.80

French

.82

Bernard

3.50

...1.60

.59

1.80

55

8.25

This somewhat elaborate coltations of Shanghal Rubber Shares laboration has clearly resulted in. a certain fussiness. The distribu- tion of the windows ought to have enhanced the effect of the whole; they have very nearly destroyed it: and the dome is top-heavy and too elongated Jagger's additions seem to me to be superfuttles, and the attempt of Lutyens to recon- elle Byzantium with Wren to be a noble failure.

Eutyens is undoubtedly a great architect, but, Hke so many great

at his simpest. Unfortunately, he architects, he is, at his best when

sometimes defeats his own best can seldom leave uell alone, and efforts by over-elaboration.

3.Instructions that the neces- financial strength that the Com-sary silver shall be acquired by the either through the pany was enabled to pay off hali Treasury the amount of its lean of sixty nationalization of domestic stocks million yen, and convert the bal- at a price nct higher than 50c. an ance to a new loan at the reduced oz. by Presidential order in accord-

Best In Portraits rate of interest i.e. 41 per cent. ance with powers furnished by the

The President was very sorry to Eill or by purchases in the world The portraits will no doubt at- tract, as usual, the attention. of say that the world's shipping did price of silver reaches $20.9 an 02. not yet show any signs of recovery. or until the silver base to currency most visitors, and people will be As long as there continued all the reaches a point where it represents sure to congregate to-day around artificial restraints of trade and 25 per cent. of the total metallic pictures such as;

Philip Con- other hindrances, which

"Georgina," by were at reserve.

a dreamy present in vogue thus blocking the

nard, expressed in It is probable that the Bill will

recalling the mood

art of way to the general recovery of the also contain a provision levying a

Mcбvoy; world's trade, it would devolve up- tax "of 50 per cent. upon profits on the Directors, the President accruing to persons purchasing emphatically declared, to make 60- silver abroad. preme efforts, effectively to main-

Senator McCarran (Nevada), a tain the Company's financial posi-Miver protagonist, declared that tion in a permanently state, the programme agreed upon at the and to discharge the onerous du- conference was the greatest vic: ties as the premier national in-

tory since 1873" in that it would stitution engaged in ocean fran-

put silver back as basic primary sportation betwee Japan and the money. Even Senator Borah, who rest of the world, thereby render-

bas throughout the recent negotla- ing the best services to the public. tions maintained a particularly in- not only by maintaining, but by transigent attitude toward the constantly promoting internation- white House. appeared highly al trade communications.

pleased with the course of events. The President was happy to lay

devotion with which all the mem bers at the Company's staff were attending to their respective du- ties, the Directors being well satis- fted with their work,

TURNS POLITICALLY, ECONOMICALLY, ARTISTICALLY TOWARD stress upon the faithfulness and

JAPAN

Where Oriental charms are jealously preserved intact azzidri

the most advanced Oriental Civilization.

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GOLF COINCIDENCE

מו!

Glyn Philpot's "Vivian Forbes," which

-its pallor and linearism may be described as a drawing in oil paint;

Laura Knight's rugged "Com- bing her. Hair: the portrait of "Arthur Granville," by Harold Knight, the best character study in the show; and

Francis Dodd's powerful "Al-' derman Henry N. Holmes, J.P.. Lord Mayor of Norwich." Oswald Birley's portrait of the King is a fairly good likeness and is neatly executed, "but it lacks Tariff Bill -

verve. This will be reallsed Senator Harrison (Democrat through a comparison with the chairman of the picture by Katherine Church, hung Mississippi). Senate Finance Committee, opened beside it..entitled "Lilies"-one of ne debate in the Senate upon the the best flower pieces seen in re- Administration's Tariff Bill with a

"We cannot

cent years at Burlington House.

The portrait of "Lord Derby," by

... The construction of seven new vessels. as previously announced. Strong plea for speedy ratification

of the measure. Senator Harrison the President, Sir William Llewel the President added, was satisfac- torily progressing", as originally asserted that if the Bill was exactly, is perhaps the pleasantest con- ed it would enable the United tribution to the show. It gives us planned.

the painting States to recapture $8,000,000,000 the feeling that as

£12,000,000 at par of "foreign proceeded painter and sitter came trade which she had lost during to understand each other in a

delightful progress of intimacy. the past few years.

James Gunn's full-length "James shut out imports," he bluntly told Pryde" 18 good in execution if a his fellow-Senators, "without shut- little melodramatic. There is some- The records of golf would prob- ting in potential exports" The thing to be said for W. O. de ably be searched in vain for a United States, he continued, had Giehn's slick yet elaborate "Made- parallel to what happened at been one of the most serious offen- moiselle Cecile Geoffroy Decha- Southport when Laurence Aston ders in the erection of internation- ume,"

Sir John Lavery is at his best and Henry Cotton, playing together al trade barriers, which had in cach completed the course in se turn done so much to bring on the in his "Miss Diana Dickenson," worst in his strokes. It would have been a re- present world-wide economic de- and almost at bis inarkable performance for one mai pression He therefore pleaded "Miss Aykroyd."

Two Men Finish Level

Laura Knight is arresting, as or even two men to beat the pre- that the BUI should be treated on vlous best figures by two strokes, a non-partisan basis, and pointed usual, in 'Lamorna Birch and his but this "twin" achievement is out that leading Republicans, such Daughters." The best figure study rare, if not unique. Good judges as Mr. Stimson, former Secretary is certainly "The Swimmer," by would say the odds were heavily of State, had recently recognized against it, for each man in this the need for the Liberalization of case knew what his riyai was do- the present tarif barriers. ing, and usually record-breaking

な

Lancelot M. Glasson, and the most imaginative contribution Stanley Spencer's multitudinous compost- tion, "Souvenir of Switzerland.".. ourishes where the other man is

Mr. Adrian Stokes's best exhibit is "On the Coast of County Kerry." merely an admiring partner It

No Party Collar

but had the artist directed his was treat golf anyhow, worthy of both players and especially of

silver plated bath sponge hind to design and colour harmony. Ayton, 20w 50 years of age, but

the youngster who defn- Instead of (to quote the classics). still a son of St. Andrews, where

amp as 3. prid that sits "drivelling on about all sorts of (according to Bandy Herd) a golfer on a fence with its mug on one things. It might have been a bet

side and liawump on the other. ter picture. ought to be born.

The

גלי

Java Consolidateds Kroewoeks

Tamah Merahs Teborgs Zlangbes

Sarawak.-Mr. F. F. Boult.

A representative of the Govern ment of Stam will be appointed. by that Government later.

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