1934-06-25 — Page 13

„`SHIPBUILDERS,

SHIP REPAIRERS,

BOILER MAKERS,

"FORGE MASTERS,

OXY-ACETYLENE AND

ELECTRIC WELDERS,

MECHANICAL AND

ELECTRICAL

ENGINEERS.

DRY DOCK-

Length 787 Feet Length on Blocks 750 Feet.

THE

TAIKOO DOCKYARD & ENGINEERING COMPANY

OF HONG KONG, LIMITED.

SALVAGE TUG "TAIKOO" Wireless Calde

V.E.G.N. 000 METERS

Depth on Centre of SII (R.W.O.S.T.) 34 ft. 6 ins...

THREE SLIPWAYS.~~~

Capable of Handling Ships Up to 4,000 Tons Displacement.

Electric Crane at Sen Wall, Capable of Lifting 100 Tons at 70 Feet Radius.

BUTTERFIELD & SWIRE, Agents,

HONG KONG, CHINA & JAPAN...

TEL ADDENS": "TAXOGDOCK, HONG KONG, TELEPHONE: 30211.

CALL FLAG: "NOŸERAL ONE" Over "Ans. PANNANT"

JCJL

BALI & JAVA

On Bome leave why not visit BALI & JAVA-the Iales of Romance and Beanly.

Through fares to Europe by steamer all the way or by steamer and Aeroplane combined. "

Special reduced round trip fares. Through fares to Australia and South Africa

TO MANILA MAKASSAR, BALI & SOERABALA

M.8.TJINEGARA"

26th June, 11 am.

TO BATAVIA, DIRECT

8.9. TJISONDARİ”

1

3rd July, Noon.

May to August: Special reduced;

Summer round trip fare

HONG KONG/BATAVIA/HONG KONG

H8450,00.

For further information apply:

American Express Co., Inc. Thos. Cook & Son, Ltd. Holland-China Trading Co., Canton JAVA-CHINA-JAPAN LIJN N.V.

York Building

Tel. 28015.

JAVA CHINA JAPAN LINE

HOU

NIGHT

CLUB

AT THE GREAT

CENTRAL HOTEL

MACAO.

HING

Dancing every night from 10 P.M. to 4 A.M.-12 Beautiful Chinese"dancing partners 12 Beautiful European dancing partners. Best Liquors & all kinds of refreshments served ALL ARE WELCOME.

HUNG CHEONG

GROCERIES

AND PROVISJONS

WINE AND SPIRIT MERCHANTS

66, NATHAN ROAD.

"Tel. 37108.

HONG KONG DAILY PRESS, MONDAY, JUNE 25, 1934.

MORATORIUM

QUESTION

Britain's Reply

London, June 22.

LONDON EXCHANGE RATES

0% Amsterdam Athens

(Bartian WIRILIRS SEXVICE. )

11.10 Florin ....375 Drachmae

June 19 7.43)

Juna 23. 7.427

527 S. 222

525 ?

Sterling Paruky

276,316. Dinaru

*90.43 Marks 13.28

1. 6d. per Rupee

35 Helga 813,568 Lez 47.88d. per Pèso 18.159 Kroner 23.99 Francs

1/8 3/84

21.60

505 364 3.0. 22.394TM

15.52

193.29 Marka 2263

110 Escudos .....} Penatas

A White Paper was published Belgrade.

Berlio to-day respecting the German transfer moratorium, and contain- Bombay Brussels ed the British Government's reply

Bucharest .... dated June 20 to the note of June' 15 in which the German Govern- Buenos Aires

Copenhagen ment set forth at some length the

Genera general difficulties of transfer with

Helsingfors .which it

declared itself to be Hongkong. faced.

Lisbon The British Government, while Madrid

with expressing sympathy

the filan desire of the German Government Montevideo to stimulat employment in Ger- Montreal many, entirely disent from the New York' view that efforts to that end must Oslo. entall a complete suspension of all Paris transfers on Germany's foreign Prague. debts, and points out that such Rio de Janeiro action, by destroying Germany's credit "must, on the contrary, Im-Shanghai pair the possibilities of maintain- Stockholm ing the import of essentiad raw Vienna materials and renewing 'trade and Yokohama restoring prosperity to the German Silver (spot)

Silver (orward) nation.

War Losa

Tranfer Difficulties

Creditors representatives, It recauca, were prepared to agree to temporary concessions of an emer- gency character to overcome the present transter difficulties. They pointed out that these difficulties were being aggravated by the poli- tical and economic polley of Ger- many herself, and that the sacri fices offered by the creditors could only, be justified 1 Germany did all in her power to preserve and improve her foreign exchange re- sources.

י

'They asccrtalned that the diminution in the Reichsbank re- serves was not due to the service of Germany's commercial loans which has, in fact, already been substantially turtalled, but to the. purchase of"scrip and bonds and the repayments of capital,

They found reasons for support- ing that the present sharp drop in the Reischbark reserves is due. in part at least to, exceptional items which will be rectified later, and that there are certain "re- served" receipts to be entered which have not been taken into account at all,

ון

Generally, too, they found that the German Estimates are much more unfavourable than is justi. Red.

were

92.46 Lire 50.88d. per Peso 4.867 Dollars 4.967 Dollars

5.04 13/18 ... 19.904

13.181 1/6 3/84 $1.57

505"

.16 SO.

PRESIDENT Liners

SPECIAL SUMMER

ROUND TRIP

13

FARES

Hong Kong Residents will be interested in the news of greatly reduced Summer Round Trip Fares to. AMERICA and JAPAN,

TO AMERICA these rates are available on "President

Liners sailing between June 1st and July 31st. Final return limit September 30th...

Hong Kong to Victoria & Seattle

1st ClassTourist Class

and return... US$432.00

22.391

15.50

2261

1/51

1/51

110

110

36 27/33 58 9/18 38 8.0. 4,972

36 13/16

59 1/16

381 8.0.

4.991

• 5.03 9/16

19.901

70 13/92 .. 121)

76 13/32

|Hong Kong to Honolulu and return-US$360,00

121 5/16

44 s.O

4 S.O.

1/31

1/37

18.130 Kronor 34.56) Schillings 27

19,40

27

24.56d. per Yen

1/2 9/32

1/2 9/32

19 13/16 "191

201

20 5/16

31% ?

..... 18.150 Kraner 184.21 France 164, Kronen 28.93d. per Gold Milreis

ki

*4% 33% 1024

Closing Quotations

June 23, 1924. ON LONDON--

Telegraphic Transfer... Bank Bills, on demand 1/5 Bank Bills, 4 months'

sight

Ox SHANGHAI:-

ON SINGAPORE:----

ON, NEW YO

19.40

Bank Bills, on demand 357 Credita, 60 dayı' sight.. 37;

·ON-BATAVIA :—

On demand

Bank Bills, on demand $15

Credits, 4 months' sight 8774

Hong Kong to San Francisco...

and return... US$450.00

US$240.00

US$196.00

US$240.00

Fares on s.s." President Hoover" and "President Coolidge” slightly higher.

TO JAPAN fares apply from June 1st to September 30th

with return limit October 31st.

***

Hong Kong to Kobe and Return Hong Kong to Yokohama and return.

Frequent sailings,

For further particulare apply —

DOLLAR STEAMSHIP

First Class HK$225.00

... HK$255.00

LINES

AMERICAN MAIL LINE

1/5)

ON PARIS

Credits, four months'

sight

1/57

ON SAICON-

On Demand

1091

On demand

....... 54j

ON MANILM

On demand

601"

On. demand

714

ON BANGKOK :--

110

On demand

1291

SOVEREIGNS, Bank Buying

Fate.....

1/51

20 1/16

CONSIGNEE NOTICES.

ON JAPAN:-

On demand

ON INDIA:

Telegraphic Transfer... Bank," on demand ...... i

THE SHARE MARKET

Harriman's Weekly Report

The market during the week un-

BAR SILVER, per os

ཀྭ" ༢༠

IMPORTS PRICES

The reports and prices are pub- Ilshed as supplied by Importers:— COTTON PIECE GOODS AND FANCY COTTON GOODS The following reports have been received;

The market for Cotton. Piece very quiet and

Goods remains

der review was not so quiet as its prices in general are inclined to predecessor due to the liquidation be easier. Weather conditions have - Creditors representatives

of Settlement accounts, but rates been unfavourable for sales of nevertheless prepared to consider, in some sections ruled somewhat Spring Fancies and stocks of these subject to there being no dis-easier. Among the minor issues, goods are slow to move. Trade in crimination, the funding of all Hotels eased of "slightly and was domestic and Japanese Staples is non-Reich debt, provided the done down to $5.80. Cements suf-reported to be slack and only a terest on the Dawes and Young fered 2 decline and were put limited demand exists for Cotton loans was met in full.

through as low as $2, but closed Yarn.

The latest Cotton prices to hand better with enquiries at $2.60.

are those of the 21st inst:--- China Lights (old) showed very

8.65d little change having been trans-

American Mid. "Spot" Egyptian Jakel, FG.F.. acted at $3.75/80. Quite à feature of the week

"Spot

As

Financial Effect

TEDDER BUILDING——NONG MORE. CANTON BRANCH:—4, #WAXER ROAD,

HAMBURG AMERIKA LÍNIE.

NOTICE TO CONSIGNEES.

THE MY

A

RHEINLAND" having arrived, from New York and Forts of call, Consignees of Cargo are hereby notified that their Goods are being landed and placed at their risk inte the Hong Kong & Kowloon Wharf & Godown Company's godowas at Kowloon where delivery may be obtained at soon as the Goods are landed.

Optional Cargo will not be landed here, unlate Notice has been given 48 hours prior to Vessel's arrival, but carried on from port to port to the final port of call to which the option extends.

No Claims will be admitted after the''

Goods have left the Godowna, and all Goods remaining undelivered Thursday, 29th June, will be subject

to Rent

All broken, chafed and damaged Goods are to be left in the Godowas, where 8.35d. they will be examined on Wednesday, 27

June. at 10 am, by our Sarveyor, Meara. Goddard & Douglas..

To comply with the General Bonded Warehouse Regulations consignees must harc & Revenue Officer in attendance dutiable goods ATE examined. when damaged

WOOLLENS

Further business in Japanese

The financial effect of this was that whereas Germany's total for- eign exchange obligations for the

was the drop in year ending April, 1935, in respect New Providents to a selling of long-term and middle-term rate of 45 cents. Old Providents, loans and other debts, amount to however, were wanted at $1.70, woollens is reported for Autumn an equivalent of 716,000,000 Reichs while sales effected at $1.75. There arrival Whilst standard is ad- marks for the year, 90,000,000 was not much change in the in-mittedly not as good as that of the Reichsmarks would need to be vestment section, except Tele-

British article prices are

моте transferred in cash.

phones were rather, easier business

within the reach of consumers. against this, Germany's having been done at $24.50/70, and

Imports of Rayon have been foreign exchange income from in- Hong Kong Electrics at $72.50/72 heavy but trading is likely to be visible items amounts. on German 75. Star Ferries remained in de-affected by a reduction in the estimates which the creditors con-mand at $100 and Hong Kong sidered an under-statement, "to Trams at $21.15. In the steriing Tariff which, it is stated, will be some 250,000,000 marks a year; so' section Hong Kong Banks again that the interest on the Dawes and changed hands at $1850. Unions Young loans would require less improved to $580 about the mid- than 2/5 per cent. of receipts from dle of the week, but there were these resources exclusive' of any sellers at the latter part of the call 02 the German export week at $575. The tone of the receipts.

market at the close 13 steady, average Business during the week has

The

+t

export recélpts:

made next month.

CONSIGNEE NOTICES.,

NOTICE TO CONSIGNEES"

OCEAN STEAM SHIP CO.,“ LTD AND CHINA MUTUAL STEAM NAVIGATION CO., LTD,

Vosse

"PATROCLUS" From UNITED KINGDOM

VIA SINGAPURE,

are hereby notified that their cargo will be discharged into Holts Whart Kowloon, where it will lie at Consig

ce rink and subject to terms and conditions of storage at Holt's Wharf. The Cargo will be ready for delivery. from Godown on and after 23rd Jane.

Optional cargo will not be landed here, unless notice has been given "prior to steamer's arrival but carried on from port to port to the final pers of call to which the uption extende

All broken, chafed, and damaged goods are to be left in the Godowas, where they will be examined on any Tuesdays and Fridays between the hoar of 10.45 A.M. and Noor within the free storage period.

77

No claims will be admitted atter the Goods have left the steamer's Godown, and all Goods remaining undelivered after the 29th June, will be subject to rent.

All Claims against the Steamer mUSH Baturday, 21st July, 1984, or they will be presented to the undersigned o not be recognized,

or before the 13th July, or they will No Insurance will be affected.

not be recognised, Bills of Lading will be countersigned by

JEBSEN & ̈00.

All Claima must reach us before

No Fire Insurance will be affected BUTTERFIELD & SWIRE,

Agenta.

"

Agents,

1.

Hong Kong, 21st Juan, 1834.

12051

23rd June, 1934.

NEW ENTRANCE TO THE TOWER

*

KING OF SIAM LEAVES

350,000,000 to 400,000,000 Reichs been done at the following pri- Message from King

Hong Kong Banks, $1850.

marks per month, sẽ that interest ces¦-- on the Dawes and Young loans re- presents only about 2 per cent, of the gross foreign exchange Income of Germany from all sources.

Thus the proposal involves no substantial strain on the exchange resources available.-British Wire- less.

COMPULSORY LABOUR SERVICE

F

[Special to the "Hong Kong Daily Press" (Copyright.)]

Free City Danzig, June 23. The old Hanseatic city outdid the Reich on Saturday by decree- ing compulsory labour service for one year at a nominal wage in the

interests of the State for all able- bodied male citizens between the ages of 17 and 25.

#

This type of public service first gained international prominence in New Germany when the Nation-. al Socialist regime introduced it on a voluntary basis because of bene- ficial social effects. Transocean Kuo Min.

Canton Insurances, $579/580, Raubs, $141. Wharves, $110. Trams, $21.13.

Providents (old), $1.79. Ewos, 8.311.40/11. Hong Kong Hotels, $5.80/95" Hong Kong Lands, 3594. China Lights (old), $8.75/8.80. Hong Kong Electries, $721/723. Telephones (old), $24.50/2470. Carments, $2.5012.00- Antamoks, '68/69. Gold Rivers, 25/20.

REICHSBANK QUOTA. TIONS

(Special to the "Hong Kong Daily Press" (Oopyright.)]

Berlin, June 22. Reichsmark quotations (without guarantee):

New York Paris

..38.10. 677.70

.56.20

76,34

15,18 Transocean Kuo Min.

Amsterdam Paris Sterling Dollar

George

London, June 23.

(2600

NOTICE TO CONSIGNEES.

OCEAN STEAM SHIP CO, LTD. AND

... CHINA MUTUAL STEAM

NAVIGATION CO., LTD.

YONSIGNEES per Co's Vanel "ADRASTES.

(Special Air-Mail Service)

London, June 6. - What form the new « entrance to the Tower of London shall take. I learn; silll awaits decl- Gion, though' in other respecti

FROM NEW YORK YIA MANILA- Their Majesties the King and drawings are ready for the mare hereby notified that their Cargo Queen of Siam left London to-day provements to be carried, out this will be discharged into Holi's Wharf, Kowloon, where it will be at for Paris after a stay of several autumn. weeks, during which time His

Consignees risk and subject to Term So keen is the feeling that the and Donditions of Storage at Holt's Majesty visited medical specialists, approach to the Tower must be Whart. The Cargo will be ready for and underwent a minor operation something worthy of ita histori-Delivery from Godown on and after

They were seen on by HR.Hcal greatness that I shall not be 22nd June. Prince George.

surprized if ultimately the opinion unless Notles has been given prior to Optional Cargo will not be landed here Their Majesties are en route to of the Fine Arts Commission is Stemar's arrival, has carried on from Copenhagen and will go to the taken on any plan proposed, port to port to the final part of call to United States after a Continental

which the

the options extenda, tour.

All broken, chafed and damaged Gooda are to be left in the Godowns, where they will be examined on any Tuesdays sad Fridays between the kore pi 10,45 and Noow within the Tree Biorage period,

"

The existing wooden palisade Prince George conveyed a mes-and gates are sure to go. It is sage from His Majesty King probable that a design of august George hoping that Their Siamese simplicity will be chosen. Majesties had benefitted from Till Queen Victoria's accession their stay in England and that the King's eyesight would soon completely restored.-Reuter.

TO VISIT GERMANY

"

the Lion Tower stodd by the No Claims will be admitted after the be entrance from Tower, HL It is Goods have left the Steamer's Godown, most unlikely that any attempt and all Goods remaining undelivered will now be made by turret and after the 28th June, will be subjorn

Bent archway to rival the work of the

All Claims against the Steamer mu mediaeval master' builders.

be presented to the Undersigned on-my before the 12th July, or they will not be recognised

(Special to the "Hong Kong Dally, Presa" (Copyright:23",

London, June 23.

continue their European tour, the The King and Queen of Slam intention being to include Ger left London on. Saturday for Paris. many In their linerary After a short stay there they will ocean Kuq” Mir'

to

all

Ho Fins Lovesanse will be effectel

BUTTERFIELD & SWIRE,

22nd June, 1934

₤3606