1936-05-25 — Page 12

HONG KONG DAILY

PRESS

MONDAY, MAY 25, 1936.

DAILY SHARE QUOTATIONS

Hong Kong Stock Exchange

Bayers Seller

Salon Nomina

$1,6651

$1,070

£105

!!

2000

214)

SATURDAY,

Shareprokers' Association

MAY 23.

Banks

H.K. Banks

Do. (London)...!

Chartered Banka ...

Marcantile Bks. “A

Bank of East Asia...)

Do.

230

£13

$73

N. C. & S. Backs

Am. O. Fig. Corp:

Ch. Pio Corp. Uni.'S.

duyar

Svilere

Anion

!!!

1

MANUFACTURE OF ARMS

(Continued from Page 11)

Was

ever

Arm.. notably one firm. Not even an appreciable percentage of the obligations undertaken discharged. The Russians depend- ed upon them and found them- $1,300 selves with no theans of defending char lives against the terrible German attack. The feeling against the British drms was ex- the Russlan ceeding y bitter in

£148 212 £30

$73

$24

Da Pret. S

Insurances

Canton LustTRUCAR.

I d

$763

$263

Underwriters

$1

Id

Union Luxuranos... 1493 | 5018|| * ||

I d

China Fires

x d

34652

HL.K. Fires.............

$475 $250

$250

International A4xсo, d.

13)

Shipping

$35

Bungisach

Steamboats

130

Lados (pret.)

$20

blo. (def.)

100,71 Shells...

$19.90 Waterlet

Amtamoks Balarus

137 cum Baguio Gold

::

$15

35

130 120 100Th 13 20

Army. The failure was attributed to breach of faith and there is no. doubt that it contributed partly. to the Russian collapse and the the Russian disgrundement with

Allies.

"I have no doubt at all that the contracts which were accepted were entered into in perfect good faith, both with our Government and the The arma- Russian Government

Mining

$2.80

$2.80

32.76

2.73/2.74

$212

W

35 cts. Big

39 ctn.

$1

|28jots, $18.60 Benguet Consolidated 118

Du. Exploration 23 ct. Wedge 34cts. Domonstations..... 97 cts.

2813.

j23jet.

96/98 Jet-

y anxious

Groid

set

Sc

23 ota

j

ZIVOT...

No ets Gold Creek...

United Paracales... $1

$1.06

14 La

Salacote

21.28

Itogons

$10

14

14

$11

$1 22

12).

5 cta.f

LXL.

Kailans w

Langkata (single) 3.

Masbate

Explorations... 3,

Shaugliai Lowris

Kauba

San Mauricio. $1.18

Venezuela Gold Fldu.

Docks, Wharves,

Godowns, etc.

H.K. & K, Wharven.

(old)

Do." (nowy

Providents (oli).

Jo.

H.K. & W, Docks

Do.

31.10

20 cts.

S. China Motors • A

$10 Shangusi Decks S.

New Engineerings3. Hongkewa... 3.

#188

Lands, Hotels, and

$41

$31

$100

SID

JIL

Jah

$60

Bui.dings

H.K. Hotels HK Landa.......... No. 4% Debentures Shanghai Lands....

Metropolitan banda..

H.K. Sealties..........

Chuan Do....

Humphreys

Cotton Mul

::

$1.35

11/8

es

60 எண்

| 32 70

$2.30

$11

532

$90

$1.05

30 cts

$9

$185

3 Beata c

Do. Debenturess.

$5.65

Jd.50

$62

Chines atab Ten,

Ewos

574

S'ha Cotto{oldƒS.

$6.40

$3

Do.

now/3.

012

Zong Sings .....

$25

Wing Un lestilas(S.)

Pablic Utilities

Peak Trains (oid).....)

#3

$90

Star Formgs

$19

案

$10.90

$50

$20

18.30

$8.40

Tramways compoun

Do. (DOW)....

Yaumati termes

Chias Lights (old) $10.00 $10

Du. (new)...

H.K. Electros

Macau do.

Sandakan Lights ****

$25.0 Talepolies (oid)... 395

$11 Chins Baves.......

Tractions

19

Du.

Do.

(LUW) ***

(prel.).....

Industrials

| Malabon Nugăru

Caklbeck, (otu)) Bij

$1.40

Miscellaneous

$13) | Dairy Farina

$2.00

Amusement Ch. E'tainment...... Constructions, (old)

Djo.

250)

3 of

the

meni firms depended "upon part system of peddling out the work to eng.neering concerns engaged on civilian work which had to be suspended owing to the

not they had War But

£ which authority

Governmen◊ had of securing the co-operation of these Arms. And, moreover, it is no use pretending that a great Arta 18 particular- armament

bther encourage io firms 10 start to do profitable business which might result in the establishment of formidable rivals. When the Governmen: took in hand the organization of all our engineer.ng resources of the pro- duction of munitions. we had no difficulty in securing the fullest co- operation and the largest output under complete Government con- trol"

AGITATION FOR WAR

The Chairman asked Mr. Lloyd George if he would extend State monopoly to all branches of arms and munitions; for instance, ta, bartleships, aeroplane engines; to all classes of manufacture, or only to Hmited classes.

+

The

thought, I there were no private trade in arms, he could understand that there might be conditions in which it would be desirable for the State to export arms.

Professor Gutteridge-Is it not possible to abolish the export of arm altogether? I think it would be undesirable.

also

gave

J

CABLE NEWS IN BRIEF

DUTCH-GERMAN,

TRADE

Agreement Reached In Principle

Hong Kong Daily Press Specia.)

Berlin, May 23.

The Dutch-German negotiations which have been conducted here concerning the regulation of the transfer from Germany to the Netherlands of the dividends, pro- Ats and interest of the Dutch capital invested in Germany result ed on Saturday in an agreement

the text of the being reached in principle. drawing up of agreement which is still subject to the approval of the two govern- ments-will take some days. The new regulation is to into force on July 1 for a period of one year.

The

come

The existing regulations concern- ing the tourist traffic between the two countries has been extended lor one year, Transocean rux Service.

A NAVAL VIEW Captain LI. E. H. Llewellyn, R.N. (retired), a" former Inspector of

Ordnance, Naval evidence. He said that in 1914 armament plant held by private makers did not lend itself to rapid mechanical development, and had expansion and development been lels to private enterprise the War would have been lost by 1916. Private makers, he said, worked foreign and British contracts side by side and it was impossible to preserve entire secrecy. He men- tioned cases in which, in 1913. guns of the same type were being made in the same shops for the the and British, the Japanese, Turkish Governments, and similar work was being done for Chile and Brazi He personally saw Japanese measurements of Brush drawings. In reply to questions. Captain Llewellyn said that roughly, his V.ew was that he was not in unsolved until a lead is forthcom- favour of State monopoly, unlessing from the United States, whove it was protected by international swollen bank reserves serve further

It would be futile to agreement. try to restrict in this country other countries were going to take What would have been our export trade.

endeavour.

to

a take

́ITALIAN CURRENCY"

가

FUTURE TREND OF

GOLD

U

London May 23.

The problem of the mal-distri- button of gold is likely to remain

to Impress is argument, says the Economist, The Bank of Eng- land now ranks as the third larg- est gold holder, with £344.000.000, following the United States with und France with The Commission was adjourned. 42,420,000,000

£786,000.000).....

Furthermore the Economist esti- mates that the British equalisation fund acquired about £100,000,000 during 1935, adding that there is no reason to believe that the fund is congested with gold, but at the present rate of progress. the statu- tory mit of £373,000,000 may be reached before long. Britain's total almost £600,000,000. gold holding amounts to

IN ETHIOPIA

Branch Bank Opened

"

22

Addis Ababa, May 23.. Mr. Lloyd George-I would go

The financial reorganisation as far as it is practicable. less you leave to privace manufacEthiopia has begun. A branch of ture, the less is the incentive to the Bank of Italy has been open- present ed and the thaler is at promote agitation for war.

make a semi-officially worth six lire. The 20 stores, as they reopen with stocks hurriedly acquired from Djibouti accept payment in ro

The Chairman.-To monopoly effective must you as far as complete nationalization, not only of the manufacture but of the raw material?-No, I should not say that. In the War we had practically to assume control

It is understood that the Bank of Ethiopia will be liquidated as

of soon as possible, all the creditors

all raw material and distribute it. receiving 100 per cent. in thater You had to do that in the War" notes also covered up to 100 per The peasants in the inte- in order to make your monopoly cent. complete. Does no: the same ar-rior are already widely accepting gument apply to these times?-I the Italian currency-

SPURT IN. SALE OF FRANCS

do not think so, because you are heuter. not working at the same pressure. Replying to further questions by 31.90 the Chairman, Mr. Lloyd George said the greatest danger was that there were firms who owed their existence to war preparatons, and the firms here, in those were

33

24/6

+

28/-

$19

$10 Macgregors fį prez,18.|

$12

| Canton icon

812

Vements

Hopes

19.85 $4.38

$15

H

13

$11

(0)32

30 008.

Fox

Laue Crawfords...............

36.90

Mackintosh arti

Nanyang Touco....

$7.35

12

Sinceres .......

$1.80

$3.45

$3.30

6 mm.

Wm. Powells

58 cti

$2

M. Greyhounds......

$1.35

S. C. Enterprises

$1

prem

**

1.B. Govt. 4%iens 3.1.

Ik,

317

Wallace Harper

306

H.K Wing UG

845

B'hil Do.

$4

Vibro Pitong

931 Ch.0.518284. Bds 937

MINISTERS CONFER

FOR NAZIS

$54 $2

taking part

in

France, and elsewhere, which were With regard to what was known as "the dreadnought, incident," he said that the evidence g.ven before by Mr. the Cabinet Commit.ee Mulliner was inaccurate. The in- pression given by him was that the Germans were going to build ships at a greater rate than that which was laid down in their naval pro- should be gramine, and that we confronted with so many German ships that we should be in a minority. "As it turned ont. it was untrue

these agitations.

"

The Chairman.-The experience

of the Great War has wholly alter- ed the view with regard to national defence of what is necessary to be done by way of preparation?- Undoubtedly. The two main fac- arms, tors are the quantity of

c., and the necessity for rapid expansion.

The Chairman-Would it not be of great assistance to the State to have private manufacturers ready with the necessary personnel? I do not see why the State: can- not train personnel just as much as private manufacturers. In the War we had to depend a great deal on Woolwich.

In answer to Sir Philip Gibbs, Mr. Lloyd George said he thought

London, May 23.

The bl-annual report by the Economist hints at a possible. in- fiatlon on gold if and when general stabilisation supervenes and the Central Banks revalue their gold stocks according to the new parit- tes.- Reuter

LEGATION TROOPS IN ETHIOPIA

Hong Kong Daily Press" Special!

Rome, May 22.

It is emphatically stated in in formed quarters "hele on Friday that no formal steps with the ob- ject of bringing about the with- drawal of the British and French troops stationed in Addis Ababa M. Daladler's speech, which, ac-with the object of protecting the cording to the Times" is generally respective Legations, have been taken. It is. however, added that the withdrawal of these troops interpreted as a guarded accep- tance of economic expansion ac- companied by devaluation, it he cessary, caused renewed selling or francs by Paris. The pressure. however, was not heavy.

would, in the Italian opinion only be logical, since the present con- ditions in Abyssinia no longer justify their presence.. It is not impossible that such suggestions have been informally made, inter- pretations and conjectures which, have been made on the part of the foreign press as to the conversation between the Italian Ambassador, Grand! and Becretary of State, Vansittart, are, however, denied in

Transocean News Service.

British control did not come in before noon, when small-scale in- terventions drove back spot franes from 75.66 to 75.59 Forwards were ceglected, with hardly quotable the exception of changes, with forward Swiss francs, where the discounts widened from 41. times to 54 for one month, and 25 responsible quarters.— 10 274 for three months.--- Reuter.

NEW RHINE BRIDGE

cen-

(Hong Kong Daily Press Special)

Duisburg, May 22.

JUSTICE IN ABYSSINIA

So much that is beautiful and romantic awaits you In Austria Vienna-the world's manie centre; Salzburg-the festival city; the Styrian woodlands; the beautiful Danube valley; the lakes of Salzkam mergut and Carinthia: the Tyral and Vorarlberg- lunds of picturesque peasants and snow capped mountains; and the lovely landscapes of Lower and Upper Austria. Both for Summer Holidays (Colf Tennis, Swimming, Climbing, etc.) and for Winter Sports, Austria has become more popular than ever. Come to Austria at any time of the year you may be sure of a kindly welcome.

Come to Beautiful Romantic Austria

e683549

Considerabit fare reductions now mailakli. Accomm97- dation can be obtained from 616 a day. Travel with Austrian Travellers' Chaquas-fer comvenines. Prin for special summer or winter programme of inclusive arrangements to the leading tourist agencies, or AUSTRIAN STAYS TRAVEL BUREAU, 159... Rezani Street, London, Wis, England.

TRUCULENT TAILPIECES

by

NO QUARTER

AN AMUSING BOOKLET CONTAINING EXTRACTS

"STRAIGHT FROM THE

SHOULDER"

FROM REPRINTED FROM HONGKONG DAILY PRESS.

A SURE SPECIFIC

FOR

DESPONDENCY & DYSPEPSIA

PRICE: $1.00

NOW

ON SALE

AT

HONGKONG DAILY PRESS OFFICE

AND

ALL BOOK STORES.

BUILDING INDUSTRY

THE TRAINING OF CRAFTSMEN

use, must be utilised and the scien- tific aspect should receive greater attention, 250 that the young craftsman might be able to avoid the pitfalls produced by their em- playment. The demand was for economical and sound construc- tion. This was really dependent upon the skill and knowledge. em- bodied in architectural and build- ing practice, In this connection exhibition room was very

("Hong Kong Dally Press Special)

Rome, May 22. An extensive plan for reorganisa- tion of the administration of Jus- ttee in Abyssinia, which has been The new Rhine Bridge between Duisburg and Rheinhausen was submitted by Marahal Badogilo and opened yesterday, by Dr. Goebbels. is at. present being examined by and named "Admiral von Spee" the Italian Government, envisages separate Courts for Copia, Mos-

At the Annual Meeting of the an Bridge in commemoration of the hero of the battle of Falklands lems and mixed Courts for dis- Islands, whose descendants live in pute between natives and whites. Yorkshire Educational Association desirable, but this should contain for the Building Industry, which not a mere collection of labelled. Duisburg, When

the and "Normala Courts" for whites. opening

at Huddersfield on specimens in cases, but a succes- Information from Headquarters was held bridge, Dr. Goebbels, sald that be RELIGIOUS CHECK

had the day before opened the new state that the millary occupation saturday, March 23, Mr. J. Lion of interesting and striking not only to students and represen- the inclusion in the Covenant of Automobile Road, and now two of the entire Ethiopia is being car-Manson referred to the dimculties exhibits which would be of value

ried out systematically. It is stres- which the building industry was

obtaining and tatives of the industry, but also to the League of Nations of Artice 8, works of peace had been com-

The recent the general public. The Associa- which condemns the private manu-pleted, and put for public service.—sed that complete calm prevatis in experiencing

the zones of Lake Tana and Gondar training craftsmen. ("Hong Kong Dally Press" Specia:)

facture of arms, was based on a

and along the Sudanese frontier-expansion, in building activities tion might do valuable work in Paris, May 22.

took

Transocean News Service.

had not been followed by an in-helping Its members to run auch general feeling of all who

the Peace Conference.

crease in the number of appren- a series of exhibits, by approaching Both M. Leon Blum and the Lea-

part in

tices attending technical schools. manufacturers and others and by gue Minister M. Paul-Boncour con-

There was a feeling that Krupps

This was probably due to the fact arranging a rota of schools where ferred on Friday with the Rouman-

had had a very pernicious in-

Btockholm, May 23, that not suficient apprentices they could be shown. Mr. Manson He had no doubt that Lan Foreign Ministér, Titulescu,

Яuence,

London, May 23.

were being employed in the indus- also, advocated the use, where pos- The famous aviatrix Marys Hilsz who is now in Paris. Previous to Catholics will be excluded from naval competition between tals

The British Red Cross Head- this meeting Paul-Boncour had a the sacraments, according to a country and Germany was a con-

quarters in London has received and her mechanic Loubeau have try itself, in spite of the great in-sible, of an erection shop, where with the Bovitt ! Conversation'

decision contained in a pastoral tributory cause to the Great War.

far they concerned examples of construc- Charge d'Affairs,

letter from the Dutch Episcopate, He was not hostile to the export news of Warrant Officer Bonner in been detained in hospital suffering fux of adult labour. The schools in co-operation with the trades

a telegram from the Red Cross, from head injuries following a should consider how

from Djibouti. The report crash at Varberg while on their might improve their methods oftion could be assembled. Such a Referring to his materview with; to be read in the pulpits to-mor- of arms from a moral point of

The letter expresses the view. He would have exported sent

states that Bonner is still a pri- way here to give an aerobatle dis- instruction and practical training.shop would also facilitate co- Blum, Titulescu sald that in the row.

arms to Abyssinia and not put an

done. soner in the hands of the Italians play in the new Bromma airport. As it was they did not respond operation in design. This again. course of the conversation, all the opiniou that the interests of the

The new materials, which now port of the industry than was at European questions which had been Roman Catholic Church will be embargo on, as had been

supplemented those formerly in present received. discussed, were extremely satisfac-greatly impaired if the National That was a matter for the League and the unit is remaining at DireThe plane was almost completely sufficiently, to modern demands, would need the more active sup

Socialists come into power.--

itory.

ransocean News Service.

Dutch Episcopate Order

Amsterdam, May 23... Dutch Nazis who are Roman

Router

Transocean New Service.

1:

BONNER HELD PRISONER

"of Nations to thresh must be

some

out; there dawa as a protest. International Heater's Bulletin Service."

·AVIATRIX CRASHES

smashed.-

Keuter.

: