1936-06-29 — Page 12

12

DAILY SHARE QUOTATIONS

11

Hong Kong Stock Onareprokers'

!!!!!

Exchange

Bellers

1,580,

! Association

Nomi

SATURDAY, JUNE 27.

Bellery Buyer

Mamis.

Banks

£102) 214

931

173

$1.60 4.46/4.45

HK. Banks

Bo. (London)......

Chartered Banks

Mercantile Bks. "A"

Da.

Bank of East Asia........

N, O. & S. Barks ...

Insurances

Canton IngaLTADÑOS.

Underwriters

Union InsuraDOGE .......

Uhina Fires

Waterbosta

Mining

Amtamoka

*!!!14

111111

+34

++

HI

$1,075

£14

214

$73 8)

$255

90 ata.

1813 $475

$350

135

351

$30

120 87/6

11 20

Å F

$255

si

$462

H.K. Fires..na

3250

International Assco, S.

33)

Shipping

$38

Douglases

Stasaiboats

330

Indos (prel)

$20

Do. (dof.)

07/6

Shell

#1

SIL

841

$21

→S CL

Baguio Gold

Balatcos......

87 cts 30 eta

Bengoet

Consolidated

គុ

26 ct

127 cts.

Big Wodgy

49 ctu

$1,08

$1.07

Domonstations

$166

Go|| Eiver,

3 ate.

Gold Creek....

8 cta

(36 CL..

Northern Mines

37jCLE.

Farcels-Gumaus

$1.10

108/1 12

United Paracales... $1.09

12 la

Salacots

$1.24

#2

81,26

Itoyoos

68 cta. 70 cts.

12/ots-12 t **** $1.24

$2.10

11/3

11/6

18

Langkata (single) 8.

79 cts.

310

$15.00

Do Exploration 26 sta

the

за

76 cta

$270

12.30

$10

Id.

$107

$1.06

$1.0%

142

Venezuela Gold Fida.

$88

**

20 atri

$185

$30.90

LLL

Knilians-------.;

Masbate

·Explorations.............. dij

Shanghat Lonns

San Mauricio

Docks, Wharves,

Godowns, etc.

H.K. & K. Wharves

Do.

(old)}

Do. (new)[

Providents (old ....

Do

(uew)

H.K. & W. Docka $81 B. China Motor A

Shangoai Docks S

New Engineeringa8. Hungkawa ...... 5.

Lands, Hotels, and Bul dings

H.K. Hotel

H.X Landa.......B. Do. Debentures Kibangun Landa.....8. Metropolitan Landa.. H., realties........................... China Du.......................

$10.

$4

34.55

$100

$13

$10

Evos ..............

274

314

385

$1

25 cla

$105

57}

1.BU

#31

par

Unins Lights (old)... $10.60

(now)...

H.K. Electrică ******

Macao do.

Saudakan Liguts .....

Telophones jold) ...

14.10

$8,60

HONG KONG DAILY PRESS, MONDAY, JUNE

MONEY REFORMS PROVE

SUCCESSFUL

British Exports To China

BRITISH ECONOMIC EXPERT'S IMPRESSIONS

29, 1936.

FINE SEASON

KOWLOON INDIANS

AT HOCKEY

aishougn" disposed from the Unaatpionsdip or the "A" DWVI-. sjon of the klanink Hockey League, the Kowloon Indian Lennis Club, winners the year bezore last, can look back with satisfaction" to a very success-

15

fi

mockey season.

Of 23 games played throughout

MR. NICHOLSON TRIES AGAIN

THE AMERICA CUP

(Special Air Mail Service)

London, June 17.

prospective

Endeavour IL R

challenger for the Amerien's Cup.

THE SHARE

MARKET

Harriman' Weekly

Review

Saturday, June '27.

and

and

Messrs. G. A. Harriman designed by Mr. C. E. Nicholson, Co.'s weekly share report who has already designed three market review issued at noon to- previous challengers (Shamrock day states:-

The market

the season, 14 were won, six lost V, Shamrock V., and Endeavour

during the Week At least under review was very active and and two drawn. Forty-nine goals, was launched to-day.

ten months' notice of challenge rates were well maintained with were scored and only 23 were re-

must be given, and so the new

a ccnsistent enquiry' in all sections. coraea ugainst the club.

yacht will at the worst Actually 13 games of the above whole season in which to be tun-all local

have a Immediately after the settlement total were played in the Mamaked up in races here before ahe strength and mining issues were issues put on renewed

League. Eight of these were won,

The following is the conclusion of the interview and statement made by Sir Frederick Leith-Ross to, presss men in Shanghai prior to his departure for Home. "The development of China will, tle to add to it. He would, how-our lost and one drawn. require the capital goods and this is probably the most promising field for British exports. Such ex- ports would be greatly facilitated

by a dow of credit to China, where capital is scarce and the yield un- der proper management should be

fcily remunerative, In the past

ever, be glad to answer any ques- tions to the best of his ability and. in reply to a Japanese enquiry, said it was not his intention to visit

Tokyo again at the moment. He

The Radio Sports Club, who lost only twice throughout the .... "league, won the shield.

crosses the Atlantic to do battle for the cup-an advantage which some of her predecessors have not enjoyed.

at

also again very active with Para- cale Gumiaus. Atoks and Big Wedge taking the lead. In the invest- ment section Hongkong Trams Like the first Endeavour the new continued in strong J. M Pato, cupped for the yacht is a steel centre-board Ber- having changed hands

demand civilians against Macao, as well as mudian cutter carrying a measured advancing rates of $9.75/10.30 cash the was returning home via Suez. against the Services, and an Inter-total sail area of 7,550 square feet and $10.90 to $11.00 August. Hong."

Was your last visit to Tokyo sue national player for Portugal, was cessnul? I am not a good judge of the chief goal scorer having netted on a steel mast 155 feet high. The kong Electrics came to business at Waterline of Endeavour IL 19 87 $501 cash and $51.25 August and on 20 occasions. Fourteen of these feet long-the longest permissible more shareg Do you expect any great' possibil-goals were obtained in the Mamak waterline for a J class yacht; her these rates. Dairy Farms were pul could be placed at ity of economic co-operation be-

league.

maximum beam is 21 feet and through at $191. Hongkong Tele- tween Japan and China?—I · cer- Other goal scorers were:-A tainly hope there will be co-opera-singh 14 (10 in Mamak' League,) with her predecessor, Endeavour I, at $25. Among the minor issues displacement 184 tons. Compared phones (old) remained unchanged tion between Japan and China, and M. Afsar, 7 (5 tn league) A P. she is 3 feet longer on waterline Cements improved on "Japan and ourselves. for the sta-Souza 6, M. I. Singh 1, and J. B but half a foot less in beam, which mand with a fairly large turnover good de- bility of China.

Pareira, 1. Souza, and Singh scored suggests that the designer, aware being put through between $8.70 tour and one in the league respec- that he is restricted to the same and $9.30- tively.

the United Kingdom has .done that. much to develop the rüilway Sys- tern of China, but unfortunately many of the loan obligations thus incurred have not been fully met These defaults have seriously pre- judiced the credit of China, and her efforts to secure anance for new development purposes have been. correspondingly

hampered.

Su.

Actually, payment in silver could be enforced. I suppose, but i think it will settle itself,

The proudest feat in the his- tory of the club last season, was the victory gained against Marao on the U.S.R.C. ground, when the latter was defeated 3-1. Goal scorers in the memor- able match were A. Singh (2) and J. M. Pinto, Macao Inter defeated a Colony side in Hong Kong.

cash $9.40/50 August. sall ares as in the previous yacht, Hotels were dealt in at $450/4.55 is trying to design'a more easily closing in demand at $4.60 cash

and driven huil.

$1.70 August. Providents Yacht designers and yachtsmen | (old) met good enquiries with of technical learnings have come sales effected at $1. China Lights to the conclusion within the last (old) Improved on strong demand two or three years that a yacht

to $10.75, Philippine mining.

the active somewhat longer and heavier than shares continued on the first Endeavour, even though side right up to the close with of the same sall area, has on the Paracale Gumaus. and Big Wedge whole better prospects of success.

showing great. Improvement the The following players took part Mr. T. O. M. Sopwith, an aeronauti former touching the new high in Representative siden.

record of 68..cts. and the latter 48 Civilians vs Services:-M. Ram-

Demonstrations were put througa ats. Atdks were taken up to 68 cta. zan, J. M. Pinto, A. P. Souza and

at $1,06 to $1.09. Antamoks changed hands at $4.40/4.50. United Paracale firmed up at the close with buyers at the improved

Civilians y'a Macao:-M, Ram- zan, A. P. Souza' and J. M. Pinto,

International Tournament:

Ramzan, A. Singh, (Captain), Tara

as Singh, Kishen Singh and M. Atsar.

THE SILVER CLAUSE Save you any views on the vall- The National Government appear any of the Silver Clause in deben- genuinely anxious to settle out- cures. mortgages.

s etc? That the rather standing obligations, within

A technical problem. At limits or their anancial possibili- present I think it has been dealt. ties, and also to remedy the serious with by means of special resolu- defects in the administration and] tions under which creditors have management of the railways, with accepted payment in paper dollars a view to enabling them to meet without prejudice to the provisions the charges. It must be borne in of the Silver Clause." I think the mind that defaults are, in the main, present situation is perfectly sat- n heritage of years of civil strife isfactory; and I hope it will remain and social disorganization. If a reasonable settlement could be re- ached in regard to these old debts, the way would be open for financ- Does not the stability of the Chi- | A. Singh. ing extensions to the present rail-nese currency depend, entirely on way aystem and opening vast stret- the permanence of the Nanking ches of country to foreign trade.government?--I think I have dealt No other form of enterprise could with that in my statement. be more berëficial both to China and to the United Kingdom, and every effort should be made to over- come the difficulties.

"Apart from railway financing. do not think it has changed the currener, but I understand that which calls for long-term credit, situation. I referred to, The ship this exceptional issue is limited to the possibilities of arranging mid-ments have been of assistance to a certain period of time as well as algterm credits deserves explora-China in giving an addition to her to the amount. tion, Such credits would be of foreign exchange resources, and

Thanking the press for the way particular value for financing pub- have restored confidence.

he had been treated. Bir Frederick lle utility schemes. I have been Impressed by the energy and cap acity with which the municipal "authorities are developing local projects of this character and I think the British

manufacturers and exporters should consult the banks operating in China, as well as the government departments concerned, with a view to obtain ing Anance for soundly planned projects.

Do you think the situation mentioned in your statement has been changed by the recent ship-

ments of stiver to America?-No. I possibly conflict with the uniform

cal engineer of long experience, was carrying out tests on his first Endeavour throughout the whole of last year's yacht-racing reason."

NORTH STATION IS BESIEGED BY STUDENT GROUP

Numbers Again Try To Go To Nanking

Shanghal June 22 There were further marúfesta-

Is it true that part of them have said that he came out here with SCATTER PEACEFULLY been used to pay for aeroplanes, out any prior knowledge of the Far etc?-The money has been used as East. That was perhaps one of part of the foreign, exchange re- his recommendations, as he could serves, and this has been drawn claim to be free from any precon- upon for making foreign payments ceived ideas. He had had a most tions of anti-Japanese feeling a- of all kinds.

interesting mission, and had learnt mong Chinese students in Shang- Regarding the Central Bank, Sirf a great deal about the difficulties | hai yesterday when'a "slege" was Frederick said that he thought the confronting the Chinese

of the North Govern-made

Railway Chinese Government had the ques-ment, the Shanghai community, Station at about 8.30 in the morn- mering. A small band of students tion of the three government banks and in particular, British $19.0

under consideration and he hope chants and traders living here. suddently appeared from Chapel. $74 There are also many openings they would “make a good job of it."

He did not want to exaggerate in ¦ sad gradually the numbers in- 1501 for the investment of private capit- When you were last in Japan, any way what little it had been creased until at length about 500 al in properties or undertakings in there was a statement from official possible for him to do. If he had students were in occupation, set- China; but I investors are to be circles regarding co-operation with succeeded in assisting the co-operating themselves close to the main attracted to such ventures, con-China, materially, and not financi- |- tion between the British and Chi- gate of the station, which was fidence must be re-established by ally. Can you disclose the context nese elements that must go toget-closed immediately on, their arrival, abrogating any measures that have or programme of that material her to create prosperity in Siang- The party included a large num- the effect of discriminating against co-operation?-While I was in hai, and to help co-operation in ber of girl students, a few of whom foreign capital, and, 28 regarda Japan, I had discussions with re-stablizing the currency and the were carrying satchels containing real estate, by securing that the presentatives of .the Japanese economic altuation in China gener-first-ald equipment, in case of

+24

$20.10

Sa

28/

Do. Debenturesð:

-360

18.66

Hamphreys

$80

Chinese Estates..........

Cotton Mills

$8

$70

S'ha Cottons(old)S.

Da

{news.

$39+

88.40 $74 $30,

$18

Zoong Sings......S.

$25

Wing On Textiles(S.)

14

126

Public Utilities

10.80/10.85

Tramways......

10.80/90

$B$

Peak Trains (oich) ***]

.54

Do (new)...

186

Star Ferries

197

$20 $10.50

Yaunati Ferri06

$7.70

Do.

$501

3182

$8.30

$20

Do. (new)...

$11

China Buses anti

28/-

Malabon Sugara

Caldbeck, (ord.) 5.

$194

$15

Muogregor fipref,}8.

Canton Ives

$12

111

Cementa

$9.30

$91

$3.00

$3.80

部

pfiscellaneous

$191

Dairy Farma

$10.80

$2.00

Ch. Faininenta......

13

#12

#11

{0BW}}

30

30 CM.

Lane Crawford.*****

$5.90

$35

Mackintos ̧ •********;

***

Nanyang Touseco.....

$3.30

$1.70

Minceres vérnunum va

$1.80

$3.45

Watsons

33.10

Wm. Paweils ********

htt

M. Greyhounds ..............

31

Tnections

LAL

(pret.)..............

Industrials

Amusement ******

Constructions, (old)!

Do.

protected. Foreign capital cannot

be expected to assist China unless It is assured of fair treatment.

rate of $1.12. Sterling counters

changing hands at $1585. Unions

were quite steady Hongkong Banks

were enquired for at $520 without The tone of

attracting sellers,

the market at the, close is very steady wih a "great more activity

and interest being shown, in all

| Sections; trading conditions “are also fast improving probably due to the improvement in trade, "

Business during the week has done at the following

been

prices:-

H. K. Banks, $1580/1587. Canton Insurances. $255..." Providenta (old), $1- HK Hotels, $4.40/4.55. HK. 7tams, $9.75/10.80. Cements, $8.70/8,30, Lights (old). $10.80/10.85, Watsons $345, Antamoks. $4.35/4.50* Masbate Consolidated, 79 cts. San Mauricio. $1.08. Demonstrations. $1.00/108. United Paracale. $1 04/1.07. Salacot Mining, 12 cts. Atoks, 53 cts./82 cts, · Benguet Explorations. 25 ets. Paracale-Gumaus, 54 cta.

during the morning was held up, legal rights of mortgagees are fully government, and in particular ally, he would feel rewarded. í emergencies. The intention of the students stationing themselves a- with the Minister of Finance, Mr. H. G. W. Woodhead thanked students was to get hold of a train | cross the track just outside the ata- on the possibility of loans to China, film on behalf of the press for his and travel up to Nanking, where tiön, and also on locomotives. development loans, that is, for the courtesy and for the frankness they were to present a petition to Chalk was used to white anti- "I fully agree with the observa- development of the railways. The with which he had answered their Government officials urging them Japanese slogans and caricatures tion of the American Economic Japanese attitude, is that, subject) questions,

to send troops to North China in on the carriages and locomotives. Balssiori, viz; “A vast change is to a better political understanding, | A large crowd of diplomatie con- order to fight the Japanese.

Much amusement was caused dur- coming over China; a moderniza- they were most anxious to co-oper- sular, and Chinese government off- Soon after the "occupation" of ing the morning by a small stu- tion that as compared with ten or ate and improve the railway situacials are expected to be at the Cus- the station by the students, the dent who seized a red bag from even five years ago, marks many tion, but were not in a financially toms Jetty this afternoon to bid Reserve Unit arrived on the scene,

one of the station staff and insist- centuries.". ``believe that this strong enough position to make Sir Frederick farewell, By cour-

and remained throughout the ed on walking along the track in a change will make Chins not a less loans. They can only make loans tesy of Sir Frederick Maze, Inspec- | morning just outside the station, threatening manner upon the ap- but a more fruitful feld for British in the form of material credits; tor-General of Customs, a Customs ready to take action immediately. Proach of a locomotive..... enterprise-commercial, industrial that is they can provide railway launch is being placed at the dis- should the situation become seri- Except for an occasional shout and financial." Our principal in- | equipment on credit, but no cash, posal of Bir Frederick and Lady ous, Barbed wire, barricades were of approval at the words of one of #1X

terest here is to promote the peace, CAPITAL BADLY NEEDED- Leith-Ross, who will accordingly thrown across all the approaches their number, the students showed $107 the prosperity, and the trade of

Can you offer any opinion as to depart from the Customs Jetty at to the station, which were guarded no sign of violence during the $102

China, and in working for this, it whether it would be desirable for 2.15 p.m. a quarter of an hour be- by soldiers, while large detach morning contenting themselves seems to me that we are working China to bare money loans at the fore the tender which finally takes ments of the Peace Preservation with wandering about the station in the interests of all countries moment?—I think China badly passengers to the ss, Rawalpindi. Corps, the Bureau of Public Safety or waiting peacefully while nego- with China. The reconstruction of needs capital, and capital here car-

and the Chinese militia were on tiations were being made for secur- China is a rast task which will take | ries high rates of interest. I think air Frederick Lelth-Ross was guard both outside and inside the ing a train to convey them up to years to accomplish and there is it would be beneficial to, China to born in 1807, was at Oxford Un-station.

Nanking. No action was taken An American high handicap polo room for all to assist her. In this raise loans for any reconstructive iversity, and entered the TreasUTY The students remained fairy during the morning by the authorl- tournament will begin on the task. The present Chinese Gov-and renumerative scheme. At the In 1909. He was private secretary peaceful throughout most of the tles, and no casualties were re- ground of the Hong Kong Polo ernment has, despite conditions of moment: the credit of China does to Mr. Asquith, the former Prime morning, a band of them seating ported. Club, Boundary Street, Kowloon, peculiar difficulty, made remark- not 'stand high enough for her to Minister, and represented Britain themselves in a large circle inside

ENTRANCE TO SETTLEMENT to-day.

able progress in the restoration of get loans on good terms, I hope on the Finance Board of the Re- the main gate. Anti-Japanese

STOPPED law and order, the resettlement of the progress being made will con-parations Commission from 1920 to banners were much in evidence, The students left the North Sta- the devastated regions, and the tinue. with the result that the 1925. He was the negotiator of the while every now and again a stu- tion early in the afternoon, march- development of communications. | credit of China will rise.

dnancial agreement with the Egyp-dent would get up and give an imed west through Chapel secom-

40 ata.

$2

$1.35

3. U. Enterprises ....... 931, Ch.G.6410259.3Bda

11.K. Govt. 4%Ĺewana)

Do. 31%

Wallace Harper.

prem

$60

H.K. Wing On

$45

3'baj Do.

254

#21

Vibro Filengapa

$2

POLO TOURNEY TO-DAY

NAZI PROTEST IN

DANZIG

Danzig, June 27. Naz papers strongly criticise Mr. Schaun Lester, the League of «Nations. High Commissioner.

They allege that the position of High Commissioner is superduous and that Mr. Lester takes every opportunity to hamper the work "of the Nazi movement and assist the opposition in many ways. Heater.

GIFT TO UNIVERSITY

London, June 27. A gift of £59,000 towards the establishment of B scholarship endowment fund has been offered to Leeds University by Mr. Frank

Match play will continue an Wednesday, and Friday,

CHANNEL COLLISION

London, June 27. During a thick fog in the Eng-

DISTINGUISHED CAREER

ר יו

Their" recent currency reform was, There has been a rumour that tian Government in 1929, and was promptu address, or yell a slogan. panied by members of the Bureau In my opinion, planned on sound the Kallan mines will be sold to the the principal British financial ex-which the remainder would im- of Public Safety, and then sought lines and it is in the interests of Japanese th exchange for a British pert at the Hague Conferences of mediately take un. Leaflets were to enter the Settlement over Stone lish Channel: this morning, the

everyone that it should succeed. sphere of Influence along the 1929 and 1930. He has been Deputy distributed with anti-Japanese slo Bridge, in the Sinza district. The. Danish steamer Freya, of "1.207

"In conclusion, I should like to Yangtze River?—I am told that Controller of Finance in H. M. gans printed on them.

gate on the Settlement side, was tons, the German steamer Hols-

express on behalf of my colleagues that rumour has been circulating Treasury since 1925, and since 1932

TRAIN HELD UP

closed and a large contingent of tein of 4.989 tous collided south of and myself to the Chinese Govern- during the last thirty years. I has been Chief Economic Adviser Early in the morning, a group of Police was held in readiness there the Isle of Wight. Both vesselaiment and their officials and to the have no reason to believe there is to the British Government. Prior about 40 students held up a train and at markham Road Bridge to suffered damage.

Chinese and foreign bankers and any more truth in it now than to his mission to China, in 1934, he believed to be proceeding in the repulse possible invasion. The Po- British Wireista.

traders whom we have met our there was thirty years ago. I have proceeded to Berlin to initiate dis- direction of Hangchow, by station- lice Reserve Unit stood by in the warm thanks for the assistance heard nothing, about it..

cussions between Britain and Ger- ing themselves on the track, On district until word came; that the and hospitality extended to us Is it possible to reconcile China's many as then affected by the Ger- discovering that it was not going | crowd had dispersed in the vicin- wherever we went.

currency polley with the recent man machinery for the control of up to Nanking, their destination; | Ity of Markham Road Junction. That, he said, was a statement as Farmer's Bank issue? I think that | imports - and the allocation of the students allowed the train to There were no encounters with the to his impressions, and he had lit- the Farmer's Bank notes issue does foreign exchange.

proceed Practically all the trame Follce,.

Farkinson director of a frm öf manufacturing electrical engineers,

British Wireless,