1935-01-09 — Page 6

Findlater's Gins have been found to be the most suitable for all Cocktails and are supplied to many of the leading Clubs throughout the World.

ILMAN & Co., Ltd., ·

Sole Agents.

When every Second

seems a

Century

ΤΗ

FINDLATERS

DRY GIN

Phone 30986.

q,0.1

'HROUGH weary hours you wait for the sleep that will not come, and rise in the morning more tired than when you went to bed:

Your nerves are frayed and wom. Nourishment alone can soothe and restore them. From no other source can such a wealth of nerve sooth ing and restoring nourishment be obtained as from 'Ovaltine." This delicious beverage con- tains in a concentrated form. the rich nourishment extracted from malt, milk and

It eggs. is so easily digested that the soothing and restorative. nutritive elements pass at once to the brain and nerves and induce restful sleep. You wake in the morning refreshed and invigorated.

OVALTINE

TONIC C FOOD BEVERAGE

Ensures Sound, Refreshing Sleep

Best Read

Chinese Newspaper

If you have a House to Let, pr Rooms to Let; If you want a Situation, Want to Buy, Sell Exchange Articles, need

Assistants, House or Rooms; if you have lost anything, try

Want Add in the

CER

SAPB+

A

HONG KONG DAILY PRESS, WEDNESDAY, JANUARY 9, 1935.

TEXTILES AND YARN

Hong Kong Market Report: 1934

The lamentable state of trade and poor prospects reported at the end of 1933 unfortunately, became Intensified during the ensuing twelve months, and trading results for 1934 represent a sorry record Indeed.

COTTON

FRENCH BANK SUED

Further Hearing In

Big Claim

Before His Honour the Chier Justice. Mr. A. D. A. MACGregor at the Supreme Court yesterday. the claim by the Kwong Shing Cheong Sandalwood Association (in" voluntary: liquidation) for 8691,640.23 from the Banque Franco-Chinoise pour le Com- merce and Industrie in the form of cashier's and compradore's orders," was continued.

Most new arrivals of British and Imports from United Kingdom Continental woollens geared well again show a very marked decline, mainly because they consisted of as confirmed by Hong Kong Gay Dew and fashionable designs and ernment träde statistics. Not calourings, but, as previously in withstanding exceedingly meagre dicated, they showed either poor importations from Lancashire for returns or losses to the dealers. Mr. Eldon Potter, KC., and Mr.. March/June consumption the There still remains a not inton-T. C. Jenkin, EC. Instructed By weight or bankrupt stocks remainderable amount of bankrupt Mr. D. J. Lewis, of Messra-John- ing from the reckless buying of 1931 overloaded the market and depressed values. The season had barely opened before prices "tor new goods bad dropped out of all relation to either true market value or replacing costs, and sales were only possible at losšes rang- ing from twenty to thirty per cent, whilst later sales could not always be elected even at these sacrifices.

❘

stock in old designs and shades to be liquidated and high customs duties and the impoverished state of neighbouring Provinces-presage little hope of early liquidation of this old stock ·

YARNS-COTTON Recent exchange rates have proved very detrimental to exports of finished goods (socks and sin- glets) and although some counts have moved satisfactorily the cot ton yarn trade has been disap- pointing and is parsing through bad times. The disappearance of some fifty per cent.of factories has not materially assisted the

New business booked during August/September with Lancashire for. Spring arrival, 1935, suffered accordingly and it is doubtful f total market operations amounted to more than 2000 to 2,500 pack-survivors, owing to resulting bank- ages (these mainly composed of rupt stocks (unsaleable except at the better-class coloured stripe now of trade in new goods.

heavy loss) interfering with the poplins) against a previous" recent -average of something like 15,000

YARNS-WOOL packages. The year has marked' an almost unbellerable reduction In British imports, Wifist Japan and Shanghai mis have increas- ed their share of the trade.

Prices, even

WOOLLEN

·

·

son, Stokes Master, appeared for the plaintiffs and Mr.-D. McNeill and Mr. H. G. Sheldon, instructed by Mr. B. Davidson of Messrs. Hastings & Co, represent- ed the defendants

In their statement of claim the plaintiffs set out that they have been wrongfully deprived of these orders, received by them in the course of exchange transactions, and, alternatively, the claim that fendants as money received by this amount was payable by de- them for the use of plaintiffs, de- fendanta

having received the orders 23 trustees and having carried them over without au- thority into a third party's ac- count and converted them into money.

WAJ

The Hon Ping Trading Com- pany which has since closed The wool yarn trade has Deer down, is mentioned as the third generally satisfactory, except in party in question and a man the hosiery section where, again. named Lau Ping, who bankrupt stocks proved a very Manager or both the Hon Ping severe drag on the market The Trading Company and the plain- advent of Japan and North China | tiff Association, but who has dis Into the knitting section of the appeared. is also involved in the trade presages a diminished busi- proceedings. ness in Yorkshire and Continen-

GENERAL

percent.

Textiles fared little better than "Cottons. "Notwithstanding very

conservative buying in the springtal spinnings, of 1934 (approximately 2,000 pack- ages in all, against a bormal 9,000 to 12,000) for Autumn arrival, a

Currency troubles have added to position similar to that in respect the many dimcities of traders. within of cottons obtained almost as soon In Swatow, for instance, as Autumn demand eventuated recent weeks, exchange depreciat

for old and well-ed from a normal 12 per cent to established chops, failed in most 38 per cent. on Hong Kong. In cases to show any return to deal-

Canton, Kwangtung Provincial ers on contracted prices, and bank notes of $10 denomination whereas, at the beginning of the have remained at a discount of season, contract prices were ob approximately 35 tainable, losses soon became the throughout the year, and this in rule rather than the exception, spite of many sovernment pro- The weight of bankrupt stucks mises that they would be restored carried over from previous seasuns

to par. proved a severe obstacle, and to

It seems futile to look for any this must be added feats of im- pending competition from Japan-early improvement in Hong Kong ese manufacturers The latter has since materialised, and Japanese goods have found the way to this market at prices with which it would be quite impossible for Bradford or the Continent to com- pete. Allegations of inferior quality of manufacture, so often alleged, have been effectually dis- pelled and it would be difficult to distinguish Japanese counter qualities from either their 'Brad- ford or Continental prototypes.

OBITUARY

Passing Of Mr.

Li Hok Pak

It is with regret that we adve to record the death which took place on January 5 at Canton of Mr. LI Hob Pak, at the age of 57 years

The deceased is the father of Dr. Li Shu Fan, the well-known local doctor, who is a member of the Sanitary Board......

*

OUTLOOK

trade while the bulk of the in habitants of adjacent Provinces- which are the Colony's outlets are on a bare subsistence level Never in recent times, have the prices of Chinese "dally necessities been so cheap-effective." corto- boration of lack of purchasing power and added to this is the killing Chinese Customs duties" on foreign imports of a descriptions,

insurmountable barrier

2.11

trade.

WANCHAI MURDER

Chinese Committed For Trial

to

Li Shing unemployed, was com- mitted to stand his trial at the next Criminal Bessions by Mr. Schofield at Central Magistracy yesterday for the alleged murder of Lam Ming, allas Lam Chan Hing, a shop fold on October 18

At yesterday's-hearing, Mr. Pot- ter continued his submissions for the plaintiffs and queried the procedure as unusual that the defendants, knowing that Lau Ping was the Manager of the plaintin Association, should allow Lau Ping, on his becoming con- currently Manager of the Hou Ping Company, to open a second account in the name of the Hon. Ping Company and to pay cashlers and compradores' orders belonging to the plainting into that second

account

The defendants contention" salt counsel, was that certain llahili- tles of the plaintiffs were being it was a matter between the Hon paid, but his submission was that Fing and the plaintiffs, and that the plaintiffs were entitled to re- Coven from the defendants moneys which they contended were paid without authority and therefore misapplied.

The case is proceeding.

PROMINENT VISITORS

President Taft's

Who's Who

The as President Taft" ar- rived yesterday with a large num- ber of passengers of whom the following disambarked at Hous Kong:-

Dr. J, Becham French Conent at Shanghai, on a business trip to Hong Kong.

Mr. W. F. Fong, Merchant from Canton returning from a business visit to Shanghal

The funeral took place in Honam, - putalde No. 2. Queen's Food Fist | Mr. Alexander Malcolm, manager Canton on Monday, and was at- tended by a very large gathering of rélatives and friends

At the previous hearing, it will director of Malcoini and Company, be recalled, accused alleged that | Limited, Hong-Kong returning

he was threatened into making the from Shanghai on business.

The chief mourners were bis sona, Dr. Li Bhư Fan, Dr. Li Shu pui| admi

of the Li Clinic, Hong Kong, Mr. Li

Shu Fong of the Wing On Birk Hope Yong, and Mr. Li Shu Trae

of Marshal Chiang Hal Shek's Headquarters, Ktangs

ANE

We Join the many friends of the family in extending: sympathy to the widing and the chief mourners.

PIANIST'S DEATH CA

We hear with regret of

death which took place recently

Shanghai of Jeddy

the ace pianist

hich he more or less

Mr. J. A. Fraser, who inced evidence

ons of Sergeant Fitc

For bein

KAIPING COAL

FOR HOME, FACTORY, & POWER HOUSE

HOME, FACTORY AND BUNKERS

POWER

HOUSE,

TUGS

LOGON

THE KAILAN MINING ADMINISTRATION

DODWELL & CO., LTD., Agents, Hong Kong

HENNESSY BRANDY

HAS BUILT ITS REPUTATION WITH

Sale

OUTSTANDING QUALITY

AND

The BRAND is a

GUARANTEE

OR YOUR SATISFACTION

Agents:

L

RONDON

& CO., LTD.

5. Queen's Road, French Bank Building.

Around the Courts

ABSENT WITHOUT LEAVE

A fine of $50 or in default one month's imprisonment was meted out to Man Po Cheung, an ex- seaman of the Water Police by Mr. E. W. Hamilton at the Kowloon

from duty in the Police Force Magistracy yesterday for absenting without leave

Chiu employed as a cook at the, Government Civil Hospital for re- turning from banishment before the expiry of his term when he appeared before Mr. W. E. I Wynne-Jones at the Central Ma- gistracy yesterday. Defendant had.

last year. a previous conviction for theit

In asking his Worship to take Defendant in answer to the a lentent view of the case defend- charge said that he appled for ant said that he had been away one day's leave to return to the in the country and that his house country but went to Canton with had been damaged by the foods. a friend and there fell ill and did He came out here again because not recover until about ten days his mother works in Hong Kong. after.

ALIEN FINED

For falling to register after ar- riving in Hong Kong on December 22. Shigera Tanaka, a Japanese clerk employed at the China Ink Manufacturing Co., Shamshnipo was fined $25 by Mr. EL Wynne- Jones at the Central Magistracy yesterday.

venerecure Sub-Inspector WI

THEFT OF RINGS

The loss of two rings by Lau Kam Yung a married woman in Yaumati on December 18 had a sequel at the Kaploon Magistracy yesterday before Mr. E. W. Hari- ton when Chen Chung, assistant cloth dealer was charged with larcený by Anding of the rings.

The woman recognising the TUK

Nolloth stated that defendant ar- on defendant's finger on Tuesday rived from Kobe by the Asama" had him arrested. The ring had Marn together with his employer to be cut off from his finger. The Mr Crawa, who registered on the other ring, defendant stated, was following day Defendant was lost, the value of both being $100, told of the necessity

rister Sentence of month's hard and his excuse was that owing to | labour WILL PRESA, the holidays he was unable to get the photographe.. - I stated that defendane had lot of trouble to the police in! ing him.

MOTOR COLLISION SEQUELS

Mr. Benjamin G. May, Instructor Mr. F. H. Sin appeared for Leung stopping off at Hong Kong on a Fook driver of lotty No. 4096 who round the world tour

was charged before. Mr. W. Scho Mr. Joseph E. C. Swan, connected field on two summonses for fall- with Swan Culbertson and Fritz 178 to repo a collision and for

vestment bankers stopping at dangerous

accident occurred in Cause

the

turning

on business.S

hurd Chang tudent at raly of Hong Kong, re-,

pleasure trip

STEALING SINGLETS

Eix weeks hard labour was meted out to Tam Mo, unemployed, for- merly employed at No. 602 Der Voeux Road Central ground floor when he pleaded guilty to the theft of 18 singlets from 302 Des Voeux Road Central, ground

but denied steal

three singlets, two wo

ciga

by the

adjourned

which p

Deser

bested

thefts

South China Daily News

49-51 Hollywood Road. (NAM WAH YAT PO

Cable Add

28981

Hồng Kon

Jeddy

those

hlm

Cauldrome h