DAILY SHARE QUOTATIONS
Hong Kong Stock
***
Galiza
Exchange
£131
Shareprokers' Association
Bellars Bayere
Balee
FRIDAY, AUGUST 18,,
Banks
$1,675.K. Banka
1,076
Do. (London)
Chartered Banks
049
Mercantili: B "I'
213)
£20)
Da
£18
2.2
Bank of East A
$7d"
+781
N. O. & S. Barks
34
Am. J. F. Corp; D.
Ch. Fin Corp. Urd. S.
Da. Prot, 3.
Insurances
Canwn lisÅTAGAN, Ünderwritere * .....
Union insurance* ... $350
na Fires
Firas ...............**
Luternational Assco. D.
Shipping
SINA
[10/ets]
3382
1389
$180
$35
Jung
LEIN DON BY
*
નવ
230
TURION (PAVE)
Ju.
13
75/7
Se
*
[rojets.
: 1:
Mining
::
$190
20 ct.
Tikk
3309 $180
$30 $19 77/8 111
TS CLE
WaterFusi
Amtamoks ...mo Balateosades 318 21jat. Baguio Gokt. 24) $12.10 Beugust Consolidated cts Do. Exploration 10.et.. Goldfield ... Do.
કામ
14 obe.
Both. Big Wedge......
Gold Liver
|10jota.
7 ta
7
30 eta
Gold Crook..
United Parachios... 32 cts.
12 et
Salacot Mining
13 et.
90 ets,
1po slizing..........................
38 eta
Llogous ..............
13/8
Katika
13.
$14
Langkate (single) B.,
-31
Explorations...... d.
*3.
$4
$30
Suanghai Loans S.
Lauby .....
12.30 Venezuels Gold Fide. 59
378 8744
Docks, WhaĪVSE,
Godowns, ske.
H.K. & K, Wharvoa.
Do.
Do.
(old)
(new)
65 st. Providents (uka, ....
|20 eth,
$78
$4
$240
{new,... Do. H.K. & W. Locks
S. China Motors' A'!
Do.
Shanghai Docks S.
New EngineeringsS. nongkow .... Lands, Hotels, säd
Bulidings
H.K. Hotuls
...$3.40
H.K Lamis.........S
Do. 4% Debentares
Shanghai Lazds......,5,
2.
HONG KONG DAILY PRESS. SATURDAY, AUGUST 17,
CHINESE CONDITIONS IN
SOUTH AFRICA
Nanking Expert's Report
[Special to the "Hong Kong Daur
Prem" (Copyright).)
Shanghai, August 11.
After a trip of four months during which he inspected the Chinese consulates and inquired into conditions among the Chin- ese community in South Africa, Mr. Liang Yu-Kao, special envoy of the Ministry of Foreign Affairs, returned here yesterday by the s.s. Swartenhondt.
In erviewed, Mr. L'ahg sa'd that; in the course of the past months, Le ris.ted the leading centres of South Africa and islands of the coas., where Chinese residents are. congregated. The number of Chin- ese residents in each place varies considerably, from thousands in some places to less than a dozen in others. Although far from the tartherland they are well acquaint- ed with the international status and the foreign policy of the coun- try and are as burningly oval as the'r compatriots in other parts of the world. Most of these overseas residents are Cantonese. They are engaged largely in merchandising. as well
2s carpentry, agriculture.
such as brandy, port wine, raisins, touacco wool, Ash and fruits. In adentally, this would also be a ineans of promoting friendly no Airican relations.
In order to develop Chinese trade in'Arrica, Mr. Liang continued, cer- Lain
undesirable practices must rise be removed. The chief causes for the loss of Chinese trade u South Africa are the following.-"
SIX DRAWBACKS / Firstly, Chinese merchants often to com- attain tle importance
Goods ordered mercial integrity,
often merchants are by Air can different in quality from the gam- pies.
Secondly, the Chinese have the and other legitimate pursuits. Fin-habit of raising the prices of their ancially, those in the Union of goods frequently. Through this, Brish South Africa are better of they have lost a large amount of
bustriess. than in other parts of Africa.
COLOUR DISCRIMINATION
4
Thirdly, the prices of Chinese
1935.
PROPOSAL BY
"LG"
To Be Rejected?
Londmi, Aug. 15..
It is understood that a proposal put forward by Mr. Lloyd George för a combination between the Liberal and Labour Parties during the coming General Election "is unlikely to be accepted by the Labourites.
The Labourites consider that Mr. Lloyd George's' "New Deal" plan aims at saving the crumbling structure of capitalism while they
are seeking to build the nation's resources anew.
འ
on. other
Also, in view of the experience Governments in of the Labour 1924 and 1931, the Labourites are unwilling to accept Liberal: sup. port. They claim that occasions, Liberals were responsi- ble for Labour defeats, and there- fore the Labourites are striving for an independent majority in the coming election.
During the past Afteen months, the Labour Party has been making elaborate preparations
for the election. Hundreds of candidates have been adopted and thousands of meetings held The Party or- ganisation claims that Labour will be fully prepared when the elec tion comes.
The Labour Party Conference is to be held next month, but it is unlikely that it will examine Mr.
However, Mr. Llang continued, a experts fluctuate too often. Prices Lloyd George's proposals
policy of discrimination agains: Asiatics and the colour races, in-. cluding Chinese, is adopted and enforced by the government of the Union of South Africa. Nowhere else in the world, he added, are Chinese and other coloured people 10 ot more discriminated aga'nse that in
South Africa.
$78 37)
318
$100
$34
H
$10
$201
Siu
Metropolitan Landș..
$4
$4
$123
Do. DelouEQJEN 3.
Humphreys ou
New Asia Hotel
.35
482
""
Asta Healti “A ̈D.
Do.
Chinese EatB GƏN................
Cotton Mill
Ewos.
Zoong Sings.......
Wing On Textiles(5.) Public Ceiling
Tramways proce
גי
$88
$7
tet
165
$40
S' Cotton(uld)S.
Do.
(NOW.
#40
¥26
126
115,85
$72
ruak Trains (UL!) one
18
13
Star Forres
Kuumah bartjes
$17
! H.K. Electrica
159
$224
Macao
do.
540
+20.35]
$8.20 $112
VBH
159)
117.to
$8.46
22/6.
**
+3
*10/6
*
Sandakan Lights ....
Talepbonus (old) ....
Do.
(COW)
China Buses........
Vu. lycel...
Industriais
Malabon Bagare
$19
Caldbook, ord.) 8.
√13
Macgregors(pref.)8.
1.80
Canton lue $1.50 Cementy
DiscellaneoRLE
Privileges such as immigration, domicile, trude, travel, and recrea- tion, which are enjoyed by the
White people, are denied the Chin- ese, who are on every possible nc- casion reminded of their inferior ity in consequence of the'r colour. Conditions are specially acute in Johannesburg, the Centre of the go'd-ming district, and Pretoria the capital of the Union of South Africa, Mr. Liang continued. He will submit a detailed report on th s subject to the Central au- thorities and urge the Government to take appropriate measures to alleviate the pght of the Chinese residents in South Africa. -
tur
TRADE PROSPECTS GOUD
the prospects Referring to trade. Mr. Llang declared that China has a fa'rly good chance of her developing and expanding
Africa. Such market in South products as tea, lace, embroidery. silk, jewellery porcelain and rugs some of which are already being exported to Africa by Chinese merchants with success are in great demand,
German goods have practically 0.40 lost their market in Africa, largely $790
due to the opposition of the Jews who are engaged in the import and xport business. There is also wide opposition to the dumping policy of the Japanese. Placards with "No Japanese Goods Sold Here" are exhibited in many stores. The mo ment is therefore oppor;ane, for the expansion of the market for Chin- ese goods in Africa.
$1.80
1
Dairy Farma ...
$15
$1,80
Amúsetuenta la
16 cta
$4
A
$1.10
126 ct...
15t
+
33
$4.90
*7
Ch. Etainmen...... Constructions, cold) 11.10 Dju. Luew¡
Lane Crawfurána u
Macintosus
Siucared ******
Win. Lowell
$3.85
70 ote
Nanyang Tec
Warsons
$2
AL. Greyhounds
$1.35
3. C.
Katerprises
'93',
Ch.G. 5210264. Eda,
Drena
.21. prem,
Do.
365
***
H.K. Govt. 4% is
Wallace Harper..
LK. Wing Up pan S'bal Do... Vibro Fileng
HESSE MOTOR TRAGEDY
$4.90
$3.06
58 ate.
!:
99%
THE TAX BILL
Washington, Aug. 15. ¡Special to the "Hong Kong Dally
The Senate has added an amend Press" Copyright).]
ment to the Tax Bill, providing for Berlin, Aug. 15.
the repeal of sections of the Silver Basil Philott Blackett the Purchase Act, providing the fifty SIT roted British financial expert and
per cent tax on silver protis; au- member of the Bank of England's thorising the nationalisation of board of directors succumbed on
allver and requiring Licences for Thursday afternoon from graestiver Imports and exports-
Reuter. Injuries which he had suffered some hours before when a motor, car driven by himself collided with) a goods train on a level crossing between the village of Trels and Allendorf about ten miles north of Giessen in Hesse.
was scheduled to deliver a lecture on Friday, had lost his way,
He was rushed to Harburg The accident occurred on the where physicians immediately per- lonely country road and it is formed an operation which failed assumed that Bir Basil who was however to save the "pitlent's
foceeding to Heidelberg where he Transocean Luo M
have a tendency to rise with each new shipment.
i
Fourthly, the Chinese do not present their samples in attractive form. In some cases, samples are not sent free of charge. Moreover, the "C. LF in sterling price is
often not given.
Frthly, Chinese goods are often Consequently, poorly packed. goods are damaged during ship menu.
Reuter.
NEW VESSEL LAUNCHED
London, Aug. 15. To-day saw the launch of new vessels, mercantile and naval, from shipyards in
England, Scotland and Ireland.
At Belfast the 25,000 tons Union Castle liner, Stirling Castle. was launched at Messrs Harland and Wolff's yard. This vessel, which is. intended for South Africa service, is 720 feet long and 83 feet wide
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STOCK AND STOCK
COMMODITY QUOTATIONS
(Through Renter's Agency)
New York-Londoni Cotton, October ....... Cotton, May sääsiäisemäta "Rubber. December..........
Chicago Wheat, September Chicago Wheat, December Corn. September Corn, December
Last
August 16 Close Open 10.20-10.40
11.00. 4972 496 4961
1981
11.31
11.23 11.23
11.29
10.95
10.95 10,96
11.02
12.32
12.14 12:12 12.10
871
881 887
894
901 901
77
TTI 771
57
571 571
STOCKS!
American Smelting
423
43
43 421 432
Consolidated Gas of N.Y
324
321 321 32) 321
El. Bond and Share
174
171
171
171 ..171
General Motors
427
42
421 421
Int. Tel and Tel.
118
.111
117
114
11#
Loew's Inc." ....
411
407
41
41
411
Montgomery W.
35+ 35+ 351
35
351
N.Y. Central Standard Oll Co. of N.J. ,,U.S. Steel
221
221 22
221
$21
482
487
401
467
43
4.3
424 42
423
TELEPHONE EXPERT IN
SHANGHAI
Sixthly. Chinese merchants ignorant of the monetary system in force in Africa, often fail to quote-their prices to African mer- chants in terms of sterling. Mr. Llang said that tables of the ex-
Shanghai, Aug. 12." change rates between the sterling and 5,000 tons larger than the big- and the "dollar are seldom avail-gest existing ship in the company's
feet. She is a motor vessel of One of four experta who have able in South Africa, with the re-
ane low been asked to come to Shanghai to smart appearance with suit that African merchants are
streamlined funnel, rounded stem study the telephone rate question, often at a loss to know the exact
and cruiser stern. There will be Major H. Brown, accompanied by class his wife, arrived here last night in accommodation for 300 first value of Chinese goods quoted in terms of the dollar.
th ss. Empress of Russia. Two of the other experts, Dr. S. Inada of Japan and Mr. Z, H, Hu of China, will arrive to-day, while the Ameri- can expert, Mr. J. G. Wray will arrive about August 20.
NEW BODY ADVOCATED Besides getting rid of these draw backs trade, Mr. Liang advised the organization of a commercial concern, with adequate capital, Chinese solely for the export af
This products to South Africa. company should co-operate closely
and 500 cabin class passengers.
Two destroyers of the Admiral- ty's 1933 programme, named Grey- hound and Griffen, were launched at Vickers Armstrong's works at Barrow. On the Clyde, the Flotil- la Leader Granvlje, embodying new development in boller efuip-
INSURANCE FOR CREWS.
In his judgment on the loss u the Milpool, Lord Merrivale threw out the idea that insurance should cover the lives of seamen, as well as ships and cargo. The sugges- tion gains point from the context in which it was put forward. Allegations against the Millpool's dismissed and seaworthiness are the ship is held to have been sound for her age and to have been lost through the perils of the sea. But she was insured for twice her market value and four times her value as entered in the owners"
w.th the various leading Chinesament was launched from Scots- tion in Shanghal in a general way books. This insurance being effec- factories, whose. Interests are in- tun yard of Messrs. YarroW.--
Reuter. separably involved.
Moreover, well-planned travelling exhibitions of Chinese products should be held in foreign countries frequently and on a large scale, so as
to arouse foreign interest. Agents of Chinese comercial con- cerns should also be sent abroad- to such places as the Philippines, Malaya, the Straits Settlements, Africa, and the islands in th In- dian Ocean-not only to inspect the commerical situation but also to promote the sale of Chinese pro- ducts,"
In conclusion. Mr. L'ang insisted the Chinese merchants, in order sell their goods abroad, must en out and find the foreign customer, instead of waiting for the latter
On the other hand, Mr. Liang. remarked that the Chinese may also prontably undertake the im- portation to China of certain cate- gories of South Africa products,China United Press (by mail)
MR. ROCKEFELLER'S
dividuals
GIFTS
Washington, Aug. 15.
to come.
GERMANY'S LABOUR SERVICE
[Special to the "Hong Kong Daily Press" (Copyright))
Berlin, Aug. 15. That general interest has been awakened abroad by the introduc- tion of compulsory labour service in Germany, is evidenced by the fact that several official foreign
It is revealed that Mr. John D, Rockefeller, the oil millionaire, has made gifts in oil shares to in- and charities totalling $25,000,000 in the past nine days.
Mr. Rockefeller made these gifts following President Roosevelt's tax- the-rich message to Congress,
During the past eight months weeks, visited the Reich in order to study the structure of the Ger- however, Mr. Rockefeller given away holdings valued at: man labour' service organisation. $77,000,000,- Reuter.
MILK MARKETING SCHEME
has
London, Aug. 15. The poll of 180,000 milk pro ducers, which has been proceeding on the question of the continuance of the milk marketing scheme, closes to-day, and it is expected that the result will be known early next week.
commissions have within recent
FLYING POLICEMEN
London, Aug. 15. Suggestions for a Flying Club for members of the Metropolitan Police Force have been approved by the Commissioner, Lord Tren- chard.
a
tive, what of the dependents of her crew of 267
Major Brown stated that he was familiar with the telephone situa- through reading press reports, and through special reports informing him of the situation. He could
As Lord Merrivale observed, the not, however, make any statements until he had actually been in facts are certain to attract atten-
suggestion Shanghai, and talked with the tion. His other experts and with the in-operate retrospectively; but
Insurance Correspondent reports. terested persons here.
L
cannot
our
He wishes first of all to get the that it is wholly practicable. It general atmosphere of the ques-involves no more than the exten- tion the issues at stake, and a sign of the system under which knowledge of the obstacles to the shipowners already form Insurance new phone rate, and then with the associations against their liablities other experts on the committee, under the Merchant Shipping and Compensation Acta. suggest a reasonable rate that will Workmen's
There can be no doubt that such be satisfactory to all persons coti-
an extension would commend itself cerned.
to public opinion.
The Club would be self-support- ing and would not be used as part of the official police organisation,
He expects to stay here for a but every member would, have an opportunity of qualifying as period of two months, he said, in
No definite scheme has which time it is hoped that the j pilot. been prepared until it is seen what situation will be cleared up. He
is staying at the Cathay Hotel. support the proposal obtains in the Force.-
Until June 30 he was the Deputy British Wireless.
Engineer in Chief of the General
FLOOD SITUATION
Nanking, August 16. Mr. H." H. Kung arrived at Kiuk ang aboard a Chinese gun- boat this morning after brief stops at Wuhu and Anking to observe the flood situation.
Heuter.
SMUGGLING IN GERMANY
J
The visitors include an Itailan [Special to the" "Hong Kong Daily
Press" (Copyright)]. Commission, headed by the Naval Commander. Bertoldi, the British
Berlin, Aug. 15. Commission, composed of Major Three lay brothers of religious Campbell. Captain Weller, Ltcrder of the hospital Allers at Edward, and Major Hay of the Mountabaur in Rhineland werp British Embassy and the United sentenced by a special court here. States Commission led by Colonel on Thursday to terms of imprison- Edmund Bullis.---
masorean Kun Sim
TO NORTH POLE BY AIR
Fost Office in London, and has had Soviet Observation Post Plan
extensive experience not only with telephone service and rates in the
(Special Air Mall Service) United Kingdom, but also in the
London, July 2 United States and in 'Canada. He feels that the principles that un- An attempt to establish the derle telephone technique in other world's first scientific observation the North Pole will be countries would be applicable here. post at
Of the two other experts who are made by Soviet planes, assisted expected to arrive to-day, Dr. S by a flotilla of-ice-breakers, next Inada will come by the Shanghal summer, or at the latest in the Maru while Mr. Hu will arrive by summer of 1937. train from Nanking. Dr. Inada is
the
Salling from Archangel, one of the leading telephone ex-ice-breakers, carrying the 'planes, perts in Japan, and is at present || will
penetrate as far north as on the Faculty of Waseda Univer- possible and then establish an air sity. Mr. Hu is Chief Engineer in base." charge of long distance phones in seven provinces.
AMERICA BLAMED
Washington, Aug. 15.
From here the planes, cartyings
and & Polar observation party equipment, will take off for the Pole.
If the ice looks unsuitable for landing, parachutes may be em- ployed to set down the men and The Federal Housing Adminis- stores. The men thus landed will ment varying between 1 and trator, Mr. James Monett, returned then prepare a landing Aeld on years and to tres totalling 73,000 from a world cruise to-day, and the ice for the 'planes. marks for offences against foreign when speaking of his tour through exchange regulation The three China said that the economic dis able majority in favour of con-accused it, whom one is a Dutch asters there were blamed upon the tinuation. When the ballot on the citizen had miggled considerable American silver polley draft marketing actieme was tak amounts of German currency to It is the strongest kind of pro- en in 1933 the majority in favour Holland for payment of obligations paganda, he said, "and it is not
serving America any good." incurred by the order. was 98 per cent
Transocean Kus Mini
It is generally anticipated that the voting will show a consider | British Wicelou
Restor
The proposed observation sta tion-at first temporary, later perhaps permanent would serve as a step towards the establishment of trans-Por communication between
an Arctic America
coast and
No comments yet.
Private notes are available after approval.