12
DAILY SHARE QUOTATIONS Hong Kong Stock Exchange
Snarebrokers' Association
THURSDAY..
Bayura Bel
Nominal
Bayes
Balse
arin.
JULY 9..
!!!!!
£101 214
£31
$73
Banks
B.K. Backs
Do. (London)... Chartered Banks Mercantile Bks. "A"
Do
Bank of East Asia.......
N. 0, & 8. Banks...
!!!!!!!
1,582 £101
"£31 £14 $74. 121
HONG KONG DAILY PRESS, FRIDAY, JULY 10, 1936.
Insurances
6
1955
Canton IniumDOGS...
$256
was an
Underwriters
90 eta.
#1
Union Insuran006 ...
$515
3525
China Fires
3462
H.K. Fires
$437 $250
$200 International Assce, J.
Shipping
63 L.
Id
36 cta,
TIT
30 cts.
$4.85
$217
1.24/1, 194
Waterboat
Amtamoks
그 00
$181
$30
rst
$30
420 98/21 $19 20
#36
Douglasen
Steamboat
$30
Indos (pref.)
*RU
Do. (det.)
QU/3
Shella
+
Minlog
$4.75
Balateos
Baguio Gold
40 042 pta.
Bengnet Compliated 11sf
po
Exploration 30,
1+
I
Big Wedge
Deinonstations
............ eta 63 cs.
11.00
Gold River.
3 ctr
19 cta
Gold Creek..........
37jeb
Northern Mines
163 01a.
Parucales ... $1.22
til eta.) $1,22
1244
[toguans
$1.8
$2.10
110
58
Exploration...
183 ctai 12 70
Shragual
I s.)
12.30-
$10
aut*****
$1.21
$1.18 $1.18
Venezuela Gold Fida.
$102
514
11.20
32.80
62 cla
$12 at
11/8
99 ctx.
IXL
Kailans
Langkata (singlo; S.
Masbate
..
Do.
388
(old)
38.4
(new)
$1.05
120 ctr
(new)...
25 ctu
$10.60)
$1080
S. China Motors' A
$10
$4
$700 37)
+H
#
IM
***
$188
San Mauricio
Docks, Wharves,
Godowns, etc.
H.K. & K. Wharvos.
Providents (old ... 90 cts.
Du.
11. &W, Docks
Shangaai Docks S. New Engineerings. Hongkews ..... 8.
Lands, Hotels, and Bui.dings
H.K. Hotola, H.K Lands....... Do. 4% Debentaras Shanghai Lands.... Metropolitan Landa..
H.K. Realtics.........
Chins Do...
Humphrey
4
$4
$30
34.10
18.35
$ 40
14.25
1232 $100
30 30...
*13
$10
$4
Do. DebenturesS.
$60
12.05
$80
Chinese Estates.
Cotton Mills
Ewus
$7.50
$71
170
S'ha Cottocaloid)S.
1391
Do
(now)S.
518
Zoong Sings...S.
$26
Wing On Textiles(S.)
+39 $14
Public Utilities
+326
10.60
Tramways reas
Poak Trama (old)...
Da (now)...
10
$20
#861 | Star Ferries an Yaumati Furries, #1
$23
187
$10
Chins Lights (old).....
$7
Do.
(10W)...
H.K. Electric
:301
$50
32/R
$87
7254
$183. Macao do
$8.30 Sandakan Liguts
Telophones jold)
Do (new)...
31: Cuina Buses S.
Do. (prof.)
Industriala
Malabon Bugars
Tractiona
28/-
SHT
$104
Caldbeck. (ord.) 9.
Macgregor (pref.)8.;
Canton Icam
317
Cements
19
$3,80
20 ctd.
Hopes.......LOANTANA
Miscellaneous
819 Dairy Farma
Amusements -
12.00 Ch. E'taintments......
Constructions, (old)
32/-
1.0
310.70
$19.10 $10,80 $7.35
POLICE RESERVES'
APPRECIATION
(Continued from Page 11)
GOVERNOR'S INTEREST
THE EXCHANGE
MARKET
MESSRS. ROZA BROS.
The
NEED OF STRONG NAVY
Great Factor For Peace
SIR S. HOARE AND AIR ATTACK
یلن
As
said that experience had shown that we had not yet achieved this Ideal. There were two lessons that emerged from our experiences of the last six months, and both of Silvar prices dropped yester-
them bore directly on the position day to the extent of 1.16 for
of the British Navy. The first les- Ready and 1/8 for Forward, the
son was that collective security in quotations being 19 9/16 for both
actual practice meant the British.. deliveries. Silver adv.ces reported
London, June
Fleet in the Mediterranean. If the India and speculators as having
Sir Samuel Hoare, in a speech on
pacifists had had their way and operated both ways. Chinu sold. Imperial Defence at a dinner of
ine Fleet had been Irretrievably After the official fixing the mar-
the Royal Empire Society at the
weakened or abolished in recent ket was quiet with buyers at the Hotel Victoria recently. referred
years, there would have been no His Excellency was then asked to fixed rate and sellers reserved. to the need for speed in the re- say a few words of encouragement In America the rate was unchang-
collective security at all. If the armament programme, and dis-
Fleet had been twice as strong as to the Police Reservists and in do-ed at 44 3/4 for Spot.
cussed the questions of the effect was to-day, he believed that the ing so said:
cross- of air power or the Navy, and of crisis would never have arisen. London-New York
the uses of the Fleet under a sys-it was the Fleet in the Mediter tem of collective security. General ranenn was the embodiment of Sir Alexander Godley presided.
collective security. In spite of the Sir Samuel Hoare at the outses criticisms of the ignorant, it had spoke of the beed of cooperation completely fulfilled its duty of pre- between the Services, and said
venting an extension of the con- that Imperial detence as a whole. Act. So far from the Navy having Business was done during the not the advantage of this or that lost prestige by its concentration from a life and environment which course of the morning at 1/3 15/32 of the best meh in the Navy, Army that once again it had efficiently Service, was what was in the minds in the Mediterranean he claimed had enjoyed for 28 years. But I for October and November, There sympathise equally with the Hong were sellers at 1/3 15/32 July- and Air Force. We had no time performed its Kong Police Reserve. In Malaya November and 1/3 7/16 December.
traditional for delay in carrying out our pro- that it had learnt valuable lessons duty. we experenced the same crippling buyers at 1/32 higher respective-
gramme of rebuilding Navy from the crisis and that this fool- sense of loss which
strong enough to beat the enemy's ish talk of lost prestige, most of it ly
fleet and to keep the seas open for spread about by enemy propag- our suppiles and an Air Force of andists.
mischievous in itself. equal power to any within range.
would be proved altogether futile Speed was one of the overriding in the future,
you will welcome, and forgive a geht Pun On-yu!, Constables, Tam short appreciation of your gener-To-ling. Yeung Po-kan, Wo Man- osity. I have much enjoyed my yng and Lau Man-chul. associations with your Unit, and though my active participation in your Motor Patrols has 'not been so regular since the experience to some Ave which you treated me years ago, I have watched your activities with interest. You may not recalled the incident, but it expedition n company with Regular Traffic officers along Sir Cecil Clementi's ride. Impri- Suned within the narrow confines of Inspector Alexandèr's sidecar, I spent a large proportion of two hours in suspension over the side of the cliff, giving a fine aerial view of Happy Valley. I mention fols incident for two reasons-one because it illustrates the nature of the work undertaken by your Unit, and the
may prève an attraction to Mr. Champ kin to be taken for a ride' when the weather gets cooler.
other because
My wife, and I thank you must sincerely for your very kind wishes and your very generous gifts
MR. CHAMPKIN'S
24
REMARKS
Mr. C. Gaampkin, Mr. King's suc- cessor, when called upon by Dr. Iso said:
MARKET
Dr. Tso, Mr. King and gentle rate was quoted at 5.02 The New men-As one grows older in the York-London rate was quoted at Colonial Service, the sad functions | 5.02 1/32. O farewell become more and more frequent. What Mr. King must be feeling to-day. I know only too well, as 1 myself seven montas agc. had to undergo the same wrench'!
overtakes a
team of men when their leader de-
en
The reason for this is that tr
(Laughter)
·BIBLICAL REFERENCE
Dull. The tone was steadier par- ticularly for forward deliverles
STERLING
U.S. DOLLARS
A small busines was done at 32 3/8 for July delivery. The mar- ket closed at 1 pm, with sellers at
SHANGHAI DOLLARS Sellers were quoted at 107 buyers at 107 11/16 for cash.
a
in
parts and leaves a gap that no one can fl. "Yet there is an old proverb that there are as good fish in the sea that ever came out of 3/6 for cash. 32 516 July-essentials in our re-armament The second lesson WIS that September and 32 1/4 October-Programme. When he insisted upon though in theory the combined is the privilege and function of all December, buyers at 1716 higher speed be meant neither irrespön- strength of 50 nations might mean good fishes to breed more good respectively.
sible panic nor fatalistic resigna a formidable military force. tion to the course of events. In practice the value of the force de- his considered view there was no 5/8aeed for panic nor was there any
pended entirely on the willing- ness of the various countries not enly to go to war with an aggressor but to be prepared for war if and when the aggressor made his at- tack. He made no recriminations against any country; he merely stated the fact that the only mem- ber-State of the League that was prepared even to preparations was Great Britain..
make effective
In the book of history the end Dr. Ts'o, Your Excellency, gentle-of one chapter is the introduction
Tuen: I thank you very much, Dr
Tro, for the kindly reference you nave made to my appointment to succeed Mr. Dudley King as your Deputy Superintendent, I have, a very healthy regard for that ea cellent muxim that suggests that he who is just putting on his armour should observe a proper restraint over his tongue, so I will
say no more than that I hope and believe that with your cheerful and loyal support the Police Reserve
will continue to exercise its use- ful activities in the same good spirit as hitherto. If, as is some-
times said, poachers make the best gamekeepers, I am not without
qualification some
be to
your Chief, for I suppose I have been summoned for traffic obstruction more often than anybody in this Colony. By some twisted mental- ty in law that, by the way, some humourist described as "the last result of human wisdom acting upon human experience for the benefit of exchange brokers"- repeat, that by some twisted men- tality In Law the misdeeds of my ricksha coolles during my absence ara visited upon me with unfalling regularity and most damnable pre- claton.
LONG ACQUAINTANCE Gentlemen, I have known Mr. King too long to embarrass him by $25.10 handing him any bouquets, but 1 feel that I must say that I am grateful to him for the ready help he has always given me during the time I have been an officer in the Police Reserve. I appreciate high- ly that he hands into my charge
$14 $8.90 $3,80
1
to the next. I feel sure that Mr. Champkin will see that the Book of Chronicle will follow the Book of Kings.
SHANGHAI MARKET.
There were sellers of Sterling at 1/2 3,8 and U.S. Dollars at 30.1/18
or Spot.
need w assume
that war was
inevitable. No country in Europe desired war and because no coun- try in Europe desired war it was criminal folly to assume that war was inevitable. There was, how-
IN THE AFTERNOON The market was quiet in the aver, so much inflammable materi afternoon.
al in Europe that even though no IN STERLING
country desired war, a spark might start a conflagration unless great
A small business was reported at
To for the preface to his speech His Excellency then thanked Dr.
dealing with the history of the Po- uce Reserve, which he was sure
BRITAIN AND U.S.A. was only for his benent. He as-1/3 15/32 for November delivery. power like ourselves were strong sured the members
These lessons showed that the that he would always take
of the Force The market closed with sellers at enough to make our influence felt
1/3 15/32 July-November and 1/3 | in the cause of peace. That is League, no less than the world of 7/18 December. buyers at 1/32 why we were bracing our nerves the nineteenth century, depended atherly interest in the future for their excellent work in the Colony. higher respectively.
and strengthening our muscles. upon a strong British Navy as one " .In conclusion His Excellency
That was why the Board of Ad- of the great factors of peace. This fact. It was interesting to note, was attracting attention in the United
remember him.
THOSE PRESENT
14
US. DOLLARS
15
hoped that Mr. King would remem- The market closed with sellers miralty and he were 'dding their fectionately as Hong Kong would October ber Hong Kong as long and as af-at 32 3/8 for cash 32 5/16 July-utmost still further to accelerate
States of America. He observed in and 32 1/4 November- our Nava: programme.
We were rearming to stop the the current number of the chief December, bayers at 1/16 higher
drift to war, and British rearma- | Journal of the respectively.
American Navy ment would prove for ourselves | League a ples for cooperation be- and for the world the best possible tween the British and American treatment for the morbid and pat- Navies make future world wars Hológical position of the world that impossible. Let them take note of stimulated this dangerous talk it with interest and sympathy. about the inevitability of war. It the British Army, Navy and Air Force were adequately strengthen- ed and were strengthened in time, there was going to be no world
The
following were those present:
amongst
His
Honour Sir Atho Mac- Gregor, Hon. Mr. C. G. Alabaster, Hon. Mr. R. A. C. North, Hon, Mr. W. H. Boll, Hon. Mr. A. G. W. Tickle, Hon. Mr. W. J. Carrie, Hon.. 3ir Shouson Chow, Hon. Dr. R. H. Kotewall, Hon. Mr. T. N. Chau, Hon, Mr. M. K. 10, His Honour Mr. Justice J.J. Hayden, Hop. Mr. T. H. King, and. Hon. Mr. E. Taylor.
Col. H. B. L. Dowbiggin, Mr. T M. Hazlerigg. Mr. V, M. Grayburn. Mr. W. Scholleld, Mr. J. H. B. Lee, Mr. H. R. Butters, Mr. G. R. Bayer, Mr. E. H. P. Lang. Mr. B. Wong Tape, Dr. S. N. Chau, Mr. W. N. Thomas Tam, Dr. Li Shu-fan, Mr. Peter Sin, Mr. E. H. Williams, Mr. Y. T. Pun Mr. W. M. Thomson, Mr.
a force that is not only efficiento. Eager, Mr. Fung Heung-tsun,
in duty, but which is of equal im- portance, is eager and willing in service. I feel in fact that he has left me nothing to do but stand by $12.45 with the ollaan and, as Dr. Ts'
pleasantly suggests, to keep every- body in a good humour. Mr. Klag
13
314
Do.
Su
35
Lane Crawlords...... Mackintosh.****
(new) 30 ct.
IM
$5.90
Nanyang Tobacco...!
32.35
32.70
32.70
13
$3.45
$3.10
150 uta.
Hinceres 110, Watsons
40 ots. Wm. Powells..........
M. Ureyhounds...... $1.36 5.
C. Enterprises... 931 Ch.G.519900. Bda,
H.B. 4% Loans
$2
prem.
Do, 31%
Wallace Harper
300
HK Wing U
g'ba Da......
$21
Vibro Pileng
DIVORCE SUIT IN AMERICA
New York, July 8. Count Covedoga, son of the former King of Spain, filed suit for the annulment of his marriage to wealthy Spanish sugar planter's daughter to-day.
He alleges he was tricked into the marriage by false promises and marriage the that after their "Countess admitted that her sole purpose in wedding him was to ac- quire a title.
He alleges the Countess had no intention of devoting her life to caring for her busbarid, and in- alsted, upon ving" apart in a style he 'could not afford. fiqulei.
QUO TAI CHI'S
HOLIDAY
Mr. P. M. Hodgson. Mr. Eu Tong- sen, Mr. Mok Kon-sang, Mr. Tang Shiu-kin. Mr. Kan Tat-chol, Mr. Li Jowson, Mr. Li Sing-kul, Mr. W. Keith Robinson, Mr. E. Grimble, Mr.
Ngan Shing-kwan, Mr. Ng Wan, Mr. Kwok Char, Mr. Lau in the quiet hours of his retire- Man-eho, Mr. Ngan Gan-hol, 'Mr. mert, might well reflect on a re-. Thorpe, Mr. Lo Wing-kit. mark by Lord Nelson after the
Battle of the Nile "I had the hap-A.R. S. Major, T. Murphy, W. La Messrs. C. G. Perdue, W. RScott, piness to command a band of bro- thers an observation that, un B. Thompson, P. Grant, G. 8. Wil- B. Sparrow, L. A. C. Calthrop, W. consciously perhaps, was as great a tribute to Nelson as to his brother, T. G. Stokes, J. W. Franks, officers.
Chier Inspector . H. E. Marks, If that thought is un-Chief Inspector J. Murphy. Inspec- 3107 spoken I am ture that something tor G. A. Stimson, Inspector C..F
Very like it must be uppermost in
Alexander, Sub-Inspector" A. L.
91X
$102
$54.
Hong Kong Daily Press" Special)
Bad Nauheim, July 9.
Mr. Quo Tal-chi, Chinese Ani-
the mind of Mr. King this evening. Hopkins, Sub-Inspector R. J. Hunt His happiest memories will be of Sub-Inspector 8. C. Saunders, and the brotherhood, in good citizen-
ship and public service that he did
Sub-Inspector W. H. Nolloth,
50 much to promote and foster in
the Police Reserve. We are all
sorry he is leaving us and we hope SHIPPING MOVEMENTS that in his retirement..he.wind prosperity and happiness.
DISTRIBUTION OF AWARDS
At the conclusion of these
Police Reservists.
The Butterfeld and Swire's 8.5. Talthyblus will arrive from Shang- hal to-morrow at daylight.
The Butterfeld and "Swire's ·s.a. Telresias will arrive from Singa- pore on 13th July, 1936, at 8 am She is expected 'to sail for Mlike, Shanghai and Hankow on 14th July, 1936, at daylight.
H.K. SHAREBROKERS ASSOCIATION
Buyers
Providents Old. 90 cts, H.K. Docks, $11, Hotels, 34.45
Trams. $10.50, Lights Old. $10.30. Electrics. $50. Binceres, $3. Antamoks XD. $4.90. Ators. 85 cts Benguet Consol.. $19. Beng. Explor., 30 cts. Big Wedge, 69 cts. Consol. Mines. ·.038 cts. Demonstrations, $1.23. Gold Rivers, 041 cts Ipo Gold, 29 cts. Itogons, $1.88. Northern Mines 371 cts. Paracale Gamaus, 66 cts. Salacots, 11 cts.
San Mauricio, $1.17. Banta Rosa, .04 cts. Suyoc, 51 cts. "
Sellers
Trams. $10,70, Lights Old $10.50, Antamoks, XD. $5.10. Bagulo Geld., 41 cts. Consol. Mixes, .0425 cts, Itogons," $2.
San Mauricio, $1.19
Sales E.K. Docks, $10.80 Electrics, $501. Binceres, $2.70/3. Antamoks, XD, $4.85. Atoks. 74 cts.
Bagulo Gold, 40 cts. Big Wedge, 62/62) cts. Corisol, Mines, $37. Demonstrations, $1.21/23. Masbate, 84/88 cts.. Paracale Gumaus, 64 cts. San Mauricio, $1.20, Santa Rosa 044 cts United Paracale, $1,22,'
11
FUNERAL OF AIR CRASH VICTIMS
Catro, July 8.
war.
Secondly, the absence of collec- tive military action in the autumn showed that the British Empire. its utmost to while it would do
of collective achieve the ideal security, must still depend upon its Imperial defences and particularly ATTACK AND DEFENCE
upon a strong British Navy, Discussing the question whether
These lessons deserved to be pon- It was possible to build a Fleet that dered calmly and dispassionately. could go anywhere, and carry out by ourselves at home and by our its traditional responsibilities in friend in the Dominions. In spite the face of the changes created by cf the changes that had taken air power, Sir Samuel Hoare said place in the world. the fundament- that if the extreme partisans of al fact remained that the Empire the new arm were right and the depended for its life on its Beroplane
could force impotence communications, that within these upon surface ships, Great Britain shores our normal stocks of food and the British Empire. being an supplies were only for six weeks oceanic Power and dependent for and of raw materials three months, their life-blood upon surface ships that the overses trade Great Brit-
and would be faced with a new
ain was more than one thousand tremendous danger. It was the
millions a year, and that if it came duty of the Admiralty to meet this
to an end employment would be danger. It was their duty to fight brought to a standstill and bank- ruptcy and starvation brought within sight, "
the old battle of the defence against the attack, that was to say
82a
to develop in the closest contact
Dr. Earle Page said that Aus- with the world of science the de-tralia would welcome Sir Samuel
fensive means of dealing with the
and definite Hoare's very clear aeroplane, whether it were by guns statement on British Naval polley..
Admiral Sir William Goodenough,
or armour or design. Neither they' ner he would ever be so foolish as Captain D. T. Maxwell, senior mil to say that the defence had caught tary officer of the New Zealand ap with the attack, This old bat-Force, now in training at Camber-
te between the defence and the ley, Sir Wilfrid Jackson, Bir Henry attack was never
Anished. Ee
would say no more to-day than
Barwell, and Colonel Foster, vice-
that great changes had taken place president of the British Legion of on both sides of the account in the Canada, also spoke on the neces- years since the War and that it sity for a strong and properly was a foolish mistake to criticize equipped British” Navy. In the terms of 20 years ago,
NATIONALISING ARMS TRADE
Experiment In France
If he was asked whether the ad- vent of air power, had changed the functions of the Navy and had made it impossible to build a fleet that could carry out its traditional duties, his answer was "No." His advisers were determined, with the help and practical experience of
Paris, July 8. modern selence, to build a feet
A few French companies, ke that could go anywhere. and they the Schneider and Hotchkiss muni- A combined military and Air were determined to make the full-on works, will be nationalised at est possible use of air power the onte as an experiment. under the Force funeral will be given ta- morrow to the three infantry off-very, power that was assumed to Bill making possible the Govern- cers and four R.A.F. non-commis-" bave made the surface ship aiment purchase of the arms Indus-
who were sloned officers
killed antiquated anomaly, to make the tr
new fleet once again the pre- This step was approve by the when a transport bomber in which they were fying crashed while dominant and most mobile force ar Amy Cornmission to-nighn' tanding in the darkness at. Mersa- peace in the world. matruh, Aerodrome.
If the experiment is sure 11. TWO LESSONS
nedonalisation will be ante “deo, On the question whether it was but for the present it
..be necessary to build a new feet when Dimited to the land force supp Ay under the Covenant of the League tactories. The Naval and Air Forc we could depend upon the effective supply works cater extendvely to cooperation of all the peace- civilian: pursuits.-- loving States. Sir Samuel Hoare Rouler
bassador to London and delegate spreches Dr, fso asked His Ex- to the League of Nations, arrived cellency to distribute the awards here and is staying at the Kurhaus of the year to the members of the Carlton. This year many
pro- Sub-Inspector David Lui came minent Chinese personalities have forward and received Bir Atholl The "Compagnie des Mesangeries stayed a Bad Nauheim, notably MacGregor's Inter-Platoon Atten- Maritimes" advises her clients that the former. Premier, Mr. Wang dance Shield. The winning platoon the mail as, Marechal' Jofre, The High Commissioner (8ir: Ching-wel and the Minister of hold the shield for one year.
for the year was No. 2, and will which was due to arrive, in Hong Miles Lampson), the Inspector Kong on the 10th instant (to-day) | General of the Air Force and the Rallways, Mr. Tsen Tuong-ming.
The following members were on her outward journey from 0.0.C. British forces in Egypt will then presented with medals for 100 | Europe will only arrive on the 11th | attend.-- per cent. attendance: Lance Ber-instant (to-morrow) at 6 am Reuter's Bulltțin Berüla...
Transocean News Service.
1.
17
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