12
DAILY SHARE QUOTATIONS
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THURSDAY, AUGEST, S.-
Baller
Salon
Bankg
$1,050je div
{ex div.] £105
E13)
2311
£134
$78
iiiiiit
3764
!
!!!
*!!!
$8.10
13
76 ots.
Bilt
$18
יי
d. & Backs
yo. (London) .. Chartered Banks... Mercantile Bis. “A”
Do.
Bank of East Asia...
N. O. & S. Banks'... Am. O. Fin.Corp: S.
Ca. Fin. Corp, Ord. S. Prof. d.
Do.
Mining
Amtamoksenčurak
ad
$1,030
+
J
£13
813
$76
*
190 [20 ̊ate. $373 $309 3178
Canton AusüTENCES |
1203
Underwritera
10 ct.
$370
Unton Insurances...
China Fires............
$332
H.K. Fires
$200
International Assos, 8,
$4
$36.
Douglasea
$35
Steamboata.
130
Indos (prot)
$12
Du. (det.)
75/-
Shells ******
Waterbosta
Balatços
22 ct
Baguio Gold
39 cts.
$12.20 Benguet Consolidated
12.05.
10 st.
Do... Exploration 11 cts. Do. Goldfeld
8 at
Big Wedge
94 cte.
5 26.
Gold Biver ......................
30 cts.
Gold Creek...eré o
United Paracales ...
33 ota
12
at
Salacos Mining...... 11 cts.
90 ots.
po Mining.
38 ota.
Itogons
12/6
Kalaus
Laugusta (single) 5.
12/6 $143
女
Explorations... Se
#4
15
Shanghai Loans
J.
346
Raubs $7.30
Venezuela Gold Flds. 32.20
$73
8741
180 ora.
20. cts.
Docks, WharvOL
Godowna, ots.
I.K. & E, Wharves,
Do.
(old)}
***
Do. . (new))
Provideats (old)
Do. (new).. H.. W, Docks
S. China Motors 'A'
Do.
**
Shanghal Docks S.
New Engineeringss.
180 ats.180 ata.
J6+
HONG KONG DAILY PRESS. FRIDAY, AUGUST 9, 1935.
STRENGTH OF NAVIES
Commons Critics Of
Agreement
(Special Air Max Servicë)
London, July 22. and maintained peace. But, since The Anglo-German Naval Agree-Japan had denounced the Wa- ment was "bitterly assailed to-day shington Treaties, there would be from all quarters of the House of no Treaty after December, 1936 Commens, though the "impression New treaties must be made; but given by this fact must be modi- they could not be made on the fied by the consideration that its ratio principle. The Government supporters had their eye on the find therefore asked all Powers Parliamentary time-table, whereas what navy they intended to have Its critics did not. "Some part of in 1942. and, according to the re- the hostility appeared to be due flies, we would try to obtain an to the revelation that Germany "greement embodying the advan- had already in 1934 laid down two
Lages of the Washington Treaties 26,000-ton battleships.
in a diferent way.
Mr. George Hall launched the 34 attack of the Labour Party, and 330
made it almost as ferce as it $12
would have been if the Govern- -74/42
ment had refused to sign the SIL
Agreement. His first point was 73 cts. that the Agreement broke the British word, as pledged in the Anglo-French declaration of Feb- 11jote ruary 3, at Stresa, and as Geneva, The Agreement condoned the German breach of one part of the Treaty of Versailles, though we had already condemned "her breach of another part. By miss Ing the chance of insisting, as we had promised to do, that any such agreement must be
part of a
$78 $76
10 cts.
$78
34
$61
$78
34.
5240
Hongkewa
......
Lands, Hotels, and
Buildings
33.80
H.K. Hotels
$3.90
$29
H.K Lau. 1291
$100.
Do. 4% Debeatures
$100
3204
Shanghai Lauda.....S.
$10
Metropolitan Lands....
#4
H.K. enlises.........
4
14
Chinn 10
$123
Do. Debenturesɔ,
New Asia Hotel
135
As Realtius “A”N.
De.
"BS
***
$88
Chíncas EstatOB...............
Cotton Mil
Ewos ............... S.
135
S'hat Cottons(via)8.
$40
Do.
(дет
$6 164 $45
481
Zoong Slugs.......
$8
#25
Wing Un Textiles{2}).)
$25
Public Utilities
Tramways $19.85
www
$71
Poak Trine (old).....)
18
Do. (new)...
13
Star Ferries 376
117,60 Yaumati Ferrica -
3176
48.20
Humphreys
$20,80
China Lighte...). 381. H.K. Electrics $88
Sandakan Lights... Telephones (old) ...
Do.
(new)
$22 Macao do
China Buses! Tractions
Do. (prof.)...
Industrials
Malabon Sugare. ...
Kopes......
$20.80 er div
$7.90
ITALY REQUIRES
FUNDS
Negotiations In New York
New York, Aug. 7. The "New York Sun" this even- ing states that Italy is negotiating with a number of New York banks. for the financing of large purchase. of American cation. variously re- ported to be between 250.000 ano 500,000 bales,
In contrast, to their previous stoney attitude towards feelers for the financing of war purchases, the banks have now turned attentive ears to the cotton purchase pro- posal and it is not improbable that there will be an agreement before the week-end.
The banks take the position that Cotton, even if for war purposes, is commodity transaction which they may properly finance.
..
With this object there had been talks. several informal bilateral 6ut all programmes were Auld. and must, if agreement were to be reached, be kept confidential. He
It is reported that the credits therefore begged Parliament to "be satisfied with its power to control would be arranged by a short term Estimates and reject any agree-operation which might be handled The Anglo-German Agree through barkers' acceptances at ment.
the market.- ment was the first step towards a general agreement, which would Reuter. have been impossible without Germany. We had not "allowed" Germany a Navy. She had taken the right to build one; and how would the critics have stopped her? they have made war on Would her? Would they have built a general agreement, we had offend-colossal Fleet in default of agree- ed other Powers, endangered the ment? Surely it' was better to future of collective security, and accept a moderate" offer. made even the holding of a gener- at naval conference unlikely.
If this bilateral Agreement had not been made, once again nothing might have resulted from efforts to limit armaments. Some in- fluential quarters' in France recog- nized that we had taken a practi- The Agreement gave cal view. France à permanent naval superi- ority of 40 per cent. over Ger- mány. and there was the Lomarno Treaty as well. All these facts the meant that criticism from same critics would have been Korse if the Agreement had been rejected.
MORE BUILDING AHEAD
In алу case the Agreement must increase naval armaments. Frauce and Italy. If they kept to the Washington ratios, would have a weaker Battle Fleet than Germany. France at least, must build more and that might start Germany and ourselves building more. Germany would control the Baltic, and
make that would Russia build. Germany would have ships of a larger and offen- sive type, and that would make our Admiralty howl for rebuilding our Fleet. The cost would be fan- tastic, and disguised by a Defence Loan. That was more unorthodox
finance and threatened a financial crisis more than the Labour Party could possibly do.
Vice-Admiral Campbell agreed with most of these gloomy pre- phecies and suggested a" naval agreement with the United States to attack any Power which broke. the Kellogg Pact.
Mr. Cocks declared that the signature of the Agreement was an act of bad faith, and would allow the Germans to have a
pressed his alarm and dismay much the same way.
Finally, the First Lord dealt charmingly with Mr. Lloyd George. A rather nasty insinuation had been made. It was at once denied, and Mr. Lloyd George had retorted with a different, but equally un- true, charge. The British Govern- offer to insert a clause in the ment had never rejected a German
Agreement, because no offer was made. The House must really take the word of the only people who were present when the Agreement was made. If Mr. Lloyd George preferred to believe some super- natural source of information, he could not argue with him.
Mr. Churchill paid this speech a and deserved tribute; but wärm he gravely mistrusted the German
MANY LIVES LOST
In The Philippines
a
Manila, Aug 7. Floods in Central and Northern Luzon, following in the wake of a typhoon, have caused heavy loss of life and much damage to pro- perty..
So far, 12 people are reported to be dead or missing, whilst the dargage is estimated at one and a half million dollars. "
The Governor-General has pro- claimed a state of emergency in several of the stricken townships. with the object of preventing food profiteering.
ing
The health authorities are striv
desperately to prevent epidemics from breaking out.- Reuter.
POLISH-DANZIG AGREEMENT
[Special to the "Hong Kong Daily Press" (Copyright).]
Danzig, Aug. 7. The senate issued the following communique on Wednesday: "The agreement concluded on August 13, between the Free City of Dan-
regards Polish warships' putting in been prolonged for a three years by the protocoll signed period of
on Wednesday, by president of the Minister, Rapee." senate, Greiser, and the Polish
modern Battle Fleet, whereas we indiference to the possession of lg and "the Republic of Poland could not start to renew ours be- submarines. Nor could he under-and staying in Danzig Harbour has fure 1937. Colonel Gretton ex-stand why the Agreement had not
in been made provisional, and there
fore freed from the charge of in- LLOYD GEORGE'S CHARGE
consistency with our former views. He wanted to know by what date, Mr. Lloyd George sarcastically and at"what rate, Germany intend- underlined all these points of sted to complete ther Fleet, because the treaty on expiry will be auto- The parties further agreed" that tack. We had fatally condoned beore that date we should have tomatically prolonged for a further German rearmament and German renew half ours and France would period of three years providing defiance. Forgetful of our war have to replace nearly all hers. experience, we had actually, given Germany parity in submarines. It was terribly dangerous to assume that the submarine had lost.ita power of effective attack:, yet wel had committed this error within three months of the Stresa resolu- tions, and in defiance of a chance to promote the abolition of sub- marines. The Germans were ready to co-operate in a new effort. France and other Powers who had refused before might not refuse ta 56 cts. the new circumstance that Ger many would have submarines uni- less they were abolished,
14 $4.80
20/6
22/6
$81
$194
Caldbeck, (ord.; 3.
444
#13
Macgregors (pref.JS,
$1,80
Canton ice$1.45
¡Cements
32
¿llacella.neoME
Dairy Farme
$1.85
Amusement ......
50 ct
$4
Ch. E'tainment.....
1.942
$1.10
Constructions, (old)) $10
120 ota.
Do.
[new]
35 ct.
53
$8+
$7
*་་་
$3
$470
13
Lane Crawfords.....
Mackintosh
Nanyang Tobacco...
$4.70 Sincares
$3.35
Watsons
70 ote. Wm. Powell
116.15
$2
M. Greyhounda
31.35
3. C. Enterpris
$1
937. Ch.G.5%19860.Bd.
89%
H.B: Govt. 4% Loans £1","
Do. -31%
··prem.
27.
Wallage Harper......
$55
HE. Wing Us...
$63
S'hal
58
Vibro Pilcng........! $2}
***
DUTCH ROYALTY WELCOME
they are not denounced by.one Mr. Lansbury added his contri-party three months before the end bution to the flood of criticism, of any three year period. — . which was finally checked in the division lobby by 247 votes to 44.
Transocean Kuo Man,
R.A.F. EXPANSION
FRENCH CONSCRIPTION
The House then passed to the Supplementary Estimate of £5,- 335,000 for the expansion of the | [Special to the "Hong Kong Dally Air Force. Sir Philip Cunliffe-
Press" (Copyright).]
Paris, Aug 7. Lister explained that, while the programme was stated in terms of
Those conscripts whose 'one year with it the provision of reserves ber th's year will not remain any frst-line strength, that carried of military service ends in Octo-
ond of training machines. The longer under colours, according to
Mr. Lloyd George then endea.gure of 1,500 first-line strength a statement issued on Wednesday
excluded the squadrons serving voured to justify his charge that
night by the French War Ministry. This is rendered possible by the powers conferred on government by law in June 1935. Transocean, Kuo Min
the Government had prevented overseas and the Fleet Air Arm, the abolition 01 submarines. The men required for the whole Newspapers friendly to the Govern- programme were 2,500 pilots and ment had reported that a German 20,000 other personnel. This year offer to include in the Agreement it was proposed to have a supple- a clause pledging co-operation in mentary increase of 12,000, of COLONIAL APPOINTMENT the abolition of submarines bad whom 1.300 would be pilots, and a AIR DEFENCE EXHIBITION been rejected. These reports had steady intake was wanted through- remained uncontradicted for six out the period of expansion. The London, Aug. 7.
days, and che (Mr. Lloyd George) response at the recruitment cen- Lt is announced that Mr. C.J.J.T. had only asked for a contradiction, tres had been distinctly good. Special to the "Hong Kong Bail Barton, Senior Assistant Colonial He had never meant to say that The Government had a
duty to Pres" (Copyright).]
Secretary at Kenya, is to be ap- the Germans had offered to build provide adequate air armaments, London, Aug. 7.
pointed Colonial Secretary of Fijl no submarines if we scrapped ours but they were also striving for a Queen Wilhelmina and Princess in succession to Mr. A. W. Sey-But he did deplore our consent to Pact for limitation. Juliana" were accorded a great mour, who is now Colonial Sec-
multiplication of subinarines. The Labour Opposition moved welcome by the population with a retary at Trinidad.—
without even any modifying clause, the reduction of the Vote as a demonstration of keenest enthu- | British Firdes.
such as the Germans would have protest against what they describ siasm when they "reached their
inserted.
éd as a race in armaments, but destination in the Scottish High-
the Government's programme was lands to spend their summer holl-
approved.. days.
ADMIRALTY REPLY ment of the newspaper, men, "she The House seemed surprised that' The Queen and Princess took a appeared on the balcony and "algrave charge had been reduced to so Jittle. After Vice-Admiral train at Crieff then motored to towed, s photograph to be taken. their destination, to the chagrin | The Dutch Minister in London, Taylor had appealed for a res, parangay of a regiment of press photograp M. Van Swinderen met the Royal building of the Navy, Sir Bolton NEW YORK STOCK EXCHANGE hers walling at the station. But guests at Crieff and accompanied Eyres-Monsell first defended exist- QUOTATIONS APPEAR ON PAGE 4
ing naval treaties.. They had pre- when on reaching the hotel, the them to the Hotel,
vented a costly race in armaments Queen learned of the disappoint Transocean. Luo Min
Special to the "Hong Kong Dally Press" (Copyright).]>
Nanking, July 30. Upon the request of the Hunan air Provincial Government, an defence exhibition will be held in Changsha early next month by the National Air Defence Commissich The Commission has just been holding a most successful anti-air attack exhibition in Nanchang for the past week.w
The exhibition which has been held in Nanking and subsequently in Nanchang is part of an itiner ant programme of the Commission
with view to arousing the Inland Dopulation to the importance of
air defence.
Thina United Press (bf mail).
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CORRESPONDENTS ME
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137 131 133-1935131
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