12
Bayola
Ballaz
Sales Nomad
Snareprokers" Association
Bugera Bhitary
JAGU
DAILY SHARE QUOTATIONS
Hong Kong Stock
Exchange
cami div.
ex div.
$1,500
និម
*£14. 173
TUESDAY, AUGUST 4.
Banks
H.K. Banks .........................
Bo. (London) ........ Chartered Banks .....: Mercantile Bks. "A"
Do.
Bank of East Aris....... N. C. & S. Barke ... Insurances
Union InsuraLCON ***
iiiii
وائد
231
$260
Canton Lusara/ides..
141
35471)
11.
Underwriter
1402
China Firas............
3250
H.K. Fires
$31
International Assco, d.
$30
#3
Du (dal)
**** ..........
101/3 $10
Shells
4:
Mining
$11.80)
Shipping
Douglares...
Indos (prot)
Steamboat
Waterhouta
24 at Balatoos
Gold Bever
Gold Creek..... ma
Langkats (single) B.
Explorations....
12 cts.
Salacots
10/
Kailana
$3
E.
+3
Shanghai Loana d.
Raubs
Docks, Wharves,
ي المكان
་་་
589
TIN
£99
£14
£14
#733
$11
܊ ܊ ܊ ܃ ܃ ܃
.:
15 ots
13 cca.
$1.45
315
$08
20 pla.
Venezuela Gold Fida.) 54j
Godowns, etc.
H.K. & K. Wharves.!
Do." (old) Du,
(LOW)
Providente (old)
Da.
(new)
H.K. & W. Dooks.
S. China Motors 'A
Shangas: Dooks 8.
Shanghai Lands...8.
H.K. Lande....................8. Do. 4% Doboatures
Metropolitan Lands.. H.K. Henities......... China Dy counseŸi Do. Debentures3.
1x13 4345
90'ata 1437 $250
HONG KONG DAILY PRESS, WEDNESDAY, AUGUST 5, 1936;
NEW COMPANY TO MINE COAL IN
SORSOGON
P100,000 Capital
INSURANCE COMPANY
TO PAY £42,469 TO SHOT MAJOR'S NIECE.
PRODUCTION OF 30.000 Judge On "No Refuge In
TONS YEARLY
EXPECTED
(Through the courtesy of Messrs.
G. A. Harriman & Co.)
Public Policy" Plea
London. July 14.
Judgment for £42.469 1s id was
A new mining company was in- given against the Royal Insurance HEAD OF BRITISH
corporated this week for the pur- pose of developing coal deposits in the barrio of Gatbo, municipality of Bacon, Sorsogon, and with the possibility of producing power for use in the Bicol and Paracale dis- tricts.
as the Gatbo Coal and Fower Company, 101/3
Inc. It was incorporated on July als 2027, for P 100,000. The incorpora- tors are C. H. Sleeper. R. C. Peyer, J. C. Cowper, Neil Macleod, and Joseph Pastori,
535
14 $30
6 cts.
11/3
15
a
3250
Q:
$2.30 $11.50
$95
81105
15 ste
$15
CD #33
8105
4.3)
385
1100
$4
New Engineerinxs8,
$183
Hongkewa... 8.
Lands, Hotels, and
Bul.dings
$5.10
H.K. Hotels
84.90
1331
$100
$13
$10
541
180
39
Нитротеростенные
19
183
Chinesa Estat05.................
Cotton Mills
$8
Ewus ...............B.
370
S'hat Cottons(old)S,
$30j
Do
(news.
718
Zoong Sings...S.
$25
Wing On Textiles(S.)
Public Delitian
$11.70
11.8.90
181
Da.
(now)..
Suo
Star Ferrte
$20
Faunisti Ferries
$10
$11.70
China Lights (old).....
$11.70
$82
Do. (new)...
HK. Electrics an
$20
Macao do
$3,30
$201
$ 11441
$
$16
12
Tramways
Posk Train (old) ........
$8.30 Nandakan Lights ....
Telephones (old).ne
Do.
(now)..
China Buss...8. $9/- Traction
Do. (pref.)......
Industrialy
Malabon Sugars .... Caldbeck, (ord.) 8.j
Macgregor (prof.)8.
Cantoa Ices
Ceunents
Hopes.
Miscellaneous
Dairy Farma
Amusements ..*.** **
$1.90 Ch. Etainments................
Constructions, (old)}
Do.
Lane Crawford.................. Mackintosha..... Nanyang Tobacco...
Kingeres
Watsons Wm. Powell
M. Greyhounds.....
SO. Enterprises
HK. Głowa, 4% Loans
Wallace Harper
K Wing Un...
$11.70
del
***
374
$301 #14
128
The concern is known
description of the property, A and of what the company has in mind, as published in the prospec tus, follows:
DESCRIPTION
"A lease of the surface of 800 hectares has been secuted from the government by Lorenzo On, and practically covers all the coal bearing area of this section: This lease in turn is held under option by our prospective corpora ton, Mr. Ona agreeing to the tease over to the corporation the corporation accepting all responsibilities and becoming com- plete owner of the lease...
turn
"As compensation for the turn- ing over of this lease Mr. Ona is to receive 40 per cent. of the net profits as derived from the opera tlon or sale of the coal mined from this property, after deduct ing all expenses.
and
Co. Ltd by Mr. Justice Swift in the King's Bench Division yester- day in the action arising out of the suicide of Major Charles Wi llam St. John Rowlandson.
Major Rowlandson shot himselt in Piccadilly on Aug. 3. 1934. s tow minutes before his insurance policies lapsed through non-pay- ment of premiums,
The plaintiff was Mrs: Axhes Emily de la Poer Beresford a niece and administratrix of her uncle's
estate.
The insurance company reited on the corner's verdict that Major Rowlandson
"feloniously killed himself," and sald that to pay out on the policies was against pubile policy.
It was stated that if the claim ware successful the Major's credi- tors might be paid 15s in pound.
the
A special Jury had tried ад
issue of fact regarding the state of alur Rowlandson's mad at the time of the tragedy, and had re- turned a verdict that the major was sane when he shot himself.
Upon the legal issue raised by the defence of the insurance com- pany, Mr. Justice Swift yesterday give his considered judgment,
A CLEAR CONTRACT The only condition, he said. to which his attention had called as being relevant was:
MILITARY FORCES
TO LEAVE SHANGHAI
ON AUG. 19.
Brigadier F. S. Thackeray, ou completion on his period of com- mand of the British Military Forces in Shanghal, will make his official departure from Shanghal on Aug. 19, Guards
from the various national forces here, and from the Shanghai Volunteer Corps, will be drawn up on The Bund. opposite the Cathay Hotel, and at & am. Brigadier Thackeray will pass down the lines before departing by, motor launch from No. 14 8.M.C. poa- toon.
Brigadier APD. Telfer-Smollett, the Commander-designate the British Military Forces in Shang- hal, is a passenger on the s.s. Raj putana, and is due to reach Shang- hal on August, 9.—[N.C.D,N,1.
NEW YORK STOCK EXCHANGE
New York: August 1.
LIRIGGER Kœulary Agon}<
QUOTATIONS
New York/London Cross-rate New York Cotton-Oct. New York Rubbar-Sop Chicago Wheat. Sep. Chicago Corn
-Sep. Silver--Official
SO Utiliten
Bethlehem Steel Boeing, Airplane Co. Borden Co.
Eklyn - Manhattan
4
Las Today's High Low Close Close Change
5.018 0.01-8/39 1992 up 12.15 11.90 1217 - 18.08. 18.44 18 40. 16.40 16:48 109 up
124 120 1:2
113
up 100 100 100 b'308
unchaned
Pub, Service of N.3. 191
336
Dow Jones Averages
SO Industrial
20 Rails
34.79 40.66 13.15
38.01 28.23 34.88
Ang. High Low Aug 1. Bigh Low Close Change 188.93 143.11 185,42, 18853: 186.83 184.33
53.78. 43,20 62 96 38.38 34.80 34.59
.10 off
130 off
.13 up
40. Bouds
10371 28.82 103.68
11 Commodity Index 8580 $3,5% unpuoted
፡ነ
103.63
60.37-
16 off
"Business Done: ~480,999 akaron.
Last Sale
bust be
Stocks Adams Express ...... Amer. Can
Aug. 1 3
Stocks
Aug.
1 3
121 121
G. Western Sugar ...
35
301
126
125
Humble Oil .......
012
65
Amer. Cyanamid B Am. & For. Power Am. For. P. $7 pi Am Light & Trac Amer. Locomotive... 22} 287 Arner. Radiator Amer. Roling Müll... 88. Amer. Smelting Am Sugar Redning 170 Amer. Tel & Tel. 1011 1024 Amer. Tobacco 'B' ... 251 251 Amer, Waterworks... 301 Anaconda Copper Atchison, T. & 9. Fe. Atlas Corpn. Auburn
38
352
Int. Harvester Co.
80
801
71
71
Int. Nickel
51/
513
37.
37 *
Int. Tel. & Tel.
127
123
281
271
Kennecatt
141 441
221
Loew's Inc.
541" 54
27
| Lorillard
243
241
874
McKesson & Rob-
531*
531
bins Inc......
437
44
173
Monsanto Chemical 993
89
Montgomery Ward... 46 461
.14
Nat City Bk. .........
43 ⚫
431*
-381
Nat. Dairy Prods....
201
4 264
833
83
Nat. D.stüfers
231
272
291
281
Nat Power & Light
12
121
14
131
New York Central...
401
391
34
33
North American
832 331
Baltimore & Ohio... 21
201
Northern Pacific....
26+
261
55
541
Pacific Gas & Bec.
391 392
28
293
Pacific Lighting
57-581
302
307
Packard Motor
103 101
Paramount Picture
51 Trans Corpa ..... Brlyn Manhattan
$8 cum. pr.
511
Incar.
8
Pennsylvania R R 37
37
102.
103
Phillips
Petro.eu.
44
44
Case. J. I. ..........
1581
163
Pure Oil Co
481"
474
Canadian Pac. Rly. 12
481" Chase Nat. Bk.
Corpn. 83 Chesapeake Chesapeake & Ohio 613
121
18
49 *
Radio Corpn.
12
121
814
Radio
Corpa
***
i
67)
$5 of....
1201
119
Reynolds Tob 'B'....
106 ⚫ 58
106
56
22)
221
Schenley
391 381
1051
Schenley 5% pl.....
981*
99
713
Sears Roebuck
..621
BIZ
167
Bocony-Vacuum
13+
1411
Sthrn. Call Edison 31
314
33
31
9thrn. Pacific
39
30T
Stand, Brands
15%
151
76
754
Stand. Gas Y Elec
71
74
421
424
Stand. Oil of N.J.... 811
'63
12}
123
Sterling Prods.
73
73"
304 301
Swift International." 31
69* 683
Technicolor
261 201
Texas Gulf Sulphur· 36
36
201"
Transamerica
134
134
444
20th Cent. Fox Film.
comm
271
28
221
20th Cent. Fox Film.
761
77
pf.
361
371
1661
Un. Carbide & Car-
144
141
bon
95
$5
241
Un. Pacific
1384 132
Un. Aircraft (New)
27
271
743* 781
Un. Airline Trans...
187
183
i
Un. Corpn.
B
81
85
Un. Corpn. $3 cùm.
161
pi,
484
481
354
354
Uo. Gas Improve- .
561
541
ment
17+
171...
434 441
U. 8. Indus Alcohol 37
351
the
Gen. Foods Gen: Motors
377 37+
̧U.8. Rubbe♫".
32
32
694 601
U. 8. Strei
85)
651
Gen. Rly. Signal'
391 39.
Vanadium
20
201
13*
137
Warner Bros. Pictz, 12
12
Goodrich Tyre Co..
231
231
Westinghouse Elec. 131.
1391
Goodyear Tire & R. 237
241
Call Manes
G. Nthern Rly. p. 401
er Adv
407
to make a disposition, or to enter into a contract which tempts of Chrysler encourages the commission
of Columbia Gas & E suicide.
C. G. & E. 6% 'A' pr. 105 * "The defendants boldly relied Commercial
Credit 712 on the proposition that nobody Coml. Solvents .. 164 can claim under a policy dr. in-
Comm. & Southern surance terminated by the crimi-
(ord.) Comm. & Southern (ord.) 38 cum. p.. Consolid. Gas of N.Y.
Mr. Justice Swift then Cealt with an authority of 1830 in aup- port of that proposition, and add- ed:
The property is reached from
"That, if the fe assured shall the sea by a road of about one die by his own hand. whether and one-half kilometer. The sane or ingane, within one year formation of the region is of from commencement of the as-nal act of the assured," tertiary origin and the presurance, the policy shall be volded- deminating rocks are limestone, as against any person claiming shale, clay, sandstone
con- the amount assured." glomerate. The coal seams are He did not think the plea that concurrent in stratification with the policies became vold as Major enclosing sedimentary strata and Rowlandson died, by" his own hand stands vertical near the surface. The strike of the uplift strata is North, 20 West and the coal seam stands, vertical down to depth of 40 meters which has been reached by ancient workings. Further Both parties had appealed to down, if any change in depth the doctrine of public policy. The occurs, it may prove that the up- insurance company contended per part of the seam belongs to that $16.66 one of the limbs of an anticlinal $8.80 and further investigation may bring discovery of the other limb by adding more available tonnage to the property.
"Ideas as to what is good or bad for the community have al- was a good une, There was no-tere1 considerably since 1830.
534
AFE
22/.
312
$9.00
(3,80
$10.10
12
[[new][30 ota.
86.90
$160.
13 $3.80
$12
20 ats
161
$5
33
13.60
40 ot.
50 sta
12
H
$1.35
$1
QE.Q.6% 19250,78da. |
91%
$100
$45
U24
Do. 81%
8%
par
re
360
8'bai
Do
$2
Vibro Piling
The Fukien Provincial Govern-
inigun
$106
365 12
Cap
11
GOOD TIMBER "Good timber stands near the deposits and
be obtained cheaply. Labourers can be obtain- ed for P0.50 per day. Skilled labourers at a slight higher cost.
RAIN MARS BASEBALL
(
ONLY ONE GAME -PLAYED
New York, Aug. 3. There was a very small Major League Baseball programme sche- duled for to-day, there being no games in the National League, while only one encounter, between Cleveland and, Detroit, was played
the American League. " One other American League en- counter. between Chicago and St.
AMERICAN LEAGUE
4.12 Weatherly
0
13
0
A girl, Wong Sik-wal, aged 16. Louis was postponed owing to ment has received B ioan of was found at No. 61 Thomson rain. $500,000 from the Farmers Bank of Road. second floor, suffering from China for the completion of a new starvation and nervous debilits Cleveland network of highways now under She was admitted to the Govern- Knickerbocker and construction. At present there are ment Civil Hospital for treatment. hit homers.
Detroit three main trunk lines, inking Kwangtung, Hunan and Klangai totalling over 2,226 kilometres. Other highways branching of ttered. Lam See. 35, of: 255 Des various parts of the country over 4,000 kilometres long.
are
#Suffering from opium poisoning, believed to have been self-adminis-
Voeux Road Central, has been ad- mitted to the Government Civil Hospital Condition not serious.
NEW PARCELS POST
REGULATION
Reater.
INTERFERENCE IN DEMOCRACY
Moscow Protest In Spanish Affairs
thing in the terms of the contract It is no longer public policy to stating that the policies should be hang a forger. Why should it be so volded, and he could find no public policy now to prevent the justincation in law for su holding. innocent dependents of a criminal receiving the beneft of a legal contract which he has made and fully performed?.
"Nobody disputes the proposition that no man can take advantage. of his own wrong.
prevented them from honouring the contract, and Mrs. Beresford contended that it pre- vented them from repudiating it.
What was public policy? The term did not admit of a precise definition and was not easily ex- plained,
"I would ask what possible bane- At can it be to the community that the representatives of a man hanged for murded should not be pald the amount due under "It seems clear," continued his policy which apart from
after reviewing lordship,
the doctrine of publle policy. the in- authorities, "that the doctrine of surance company would be bound public policy is to be carefully to pay? watched. and is to be enforced "Is it to be wild that if a man, only in cases in which the law having entered into a contract of regards the contract or its fulfil-insuance and paid under it for ment as
murder injurious to the com-years, commits
and Is
munity.
banged, it is to the benefit of the *The defendants, naving made community that his dependents a contract and having had the should receive nothing under the full benefit of it and being liable contract and that therefore public 'It policy prevents the insurance com- to pay upon it. now say: would be contrary to public policy pany from paying?
"The dire threats of the cou- for us to pay.".
"Here is a contract quite clear sequences that a great number-of person's would commit in its terms. properly performed ( assured and ended by the happening of sulcide if this case goes against event insured against-the the insurance company leave me death of the life assured.
unmoved.
the
"The defendant company might The remedy is in the hands of have inserted in the policy a con- the insurance companies. They dition that they would not become can always contract, out of any Hlable in the case of Insane liability, but if, for their own ad- vantage, they don't do so, they cannot crave in aid the refuge of public policy.
felonious suicide whenever com mitted. They did not do so.
or
"These policles are often used for commercial purposes. People
COMPANY TO APPEAL who are assized borrow money on their policies or deposit them as
"Having given this matter the security. The negotiable value of best and most serious considera an nsurance policy is obviously tion I can, I am not satisfied that much less if the assurors are to it is against public policy that the be released from liability cases insurance company should pay. and, having regard to all the circumstances of these particular policies, there mus be judgment for the plaintiff for the agreed sum of £42,469 la dd.”
of suicide.
REMEDY WITH COMPANY
TE
Consolid. On Continental OB Corn. Products
7 7 Curtiss Wright (0) Curtiss Wright 'A'... 191. Delaware & Hudson 45 Distillers Corpn. Bea-
ETAHS Douglas Aircraft Da Pont de Nemours 165 Electric Boat
Elec. Bond & Share 247 Elec. Bond & Share
$5 pf. Elec. Bond & Share
55 pt.
851* Eec. Power & Light 16 Platkote Co. Gen. Cigar Gen. Electric
Gold Dust ........
Over 900 parcels of smuggled goods sent by post have been de- tained by the Chungking Customs House during the past few days. The senders have been notified by the Customs authorities to pay the duties within three weeks. Failure to do so will entail confiscation of the parcels. It is stated.
I possible' MUTÁST?
·1% 1%
Scorching weather and drought have damaged the crops at Hsu- chang and the surrounding dis- tricts in Honan province. There is no hope of harvesting the present crop and, as a result, considerable suffering has been inflicted on the farmers there.
As a measure to check the now of contraband goods through other channels, the Ministry of Finance: has decided to inspect all parcels
A new plan, aimed to encourage the migration of the natives from Formosa to Fuklen, has been adopt ed by the Japanese government, reports the "Ta Kung Pao." Form going through the Chinese poat offices. The Ministry of Communi-
erly, all Formosans wishing to go
to Fukten or other parts of China cations has been instructed to this. had to obtain passports from the effect, states the Ta Kung Pao." Tokyo Foreign Once, but the new plan enables the applicants to get their permits directly from the Forinosan government, Only three dollars is required for each pass
port.
The Japanese police in Tientsin are still making efforts to "play up the death of Chang Teh-lu, the Japanese police headquarters Chinese detective employed by the
there, who was shot and killed by municipal government guard last week. A large mourning “pat-fou" has been erected in front of the
collected from each house in the Japanese Concession for the family of Chang.
"I don't think the company's contention should prevall, though
It was agreed that the sum I entirely agree that the law will not enforce a contract entered into should also carry intereat at 4 per A new way of smuggling safety
in the contemplation of commis- cent from the date of the writ razor blades and scores of articles
sion of a felonious act.
Mr. Justice Swift ordered that of drapery goods made in Japan
"But when a perfectly legal Mrs. Beresford should have the Moscow, Aug. 3. was unsuccessfully tried out. In
contract has been entered into general costs of the action and Dublin recently. Six large boxes
Despite the fact that this was and observed by both the parties that the insurance company should one of the hottest days in Moscow's for a number of years, I do not think have the costs on the issue of in-headquarters and funds are being labelled "herrings" arrived at a
history, 120,000 trade union mem- railway station at Dundalk, Irish
that one of the parties can escape sanity, regarding which they had bera demonstrated in the Red the liability falling upon them by succeeded. Free State, from Belfast. They were" addressed to a person in smuggling practice, parcels sert by square as a protest against inter-alleging that it has been terminas Mr. Roland Oliver, KC for Dublin. The customs officers were post will be subject to stric: inference of Italian and German ed in an illegal manner, when he Royal Insurance Co., said the case serious question of suspicious and in each case there spection and must be accompanied Fascists in the Spanish democracy, has stipulated that he will not had raised s was a layer of herrings, and un-by a transport and sales permit. All trade unionists in Moscow dispute it except for particular law, and asked for a stay of exeru- derneath parcels of safety razor The Past Office will reinse to de- province pledged themselves to reasons, one of which has o tion, which was granted
In reply to Mr. Justice Swift, Mr. blades and scores of articles. of Hver parcels without auch permit subscribe a half per cent of their curred. drapery goods. The value of the and any parcels unaccompanied by monthly pay for the defence of the
Dilver stated that the company had already decided to appeal against goods stized amounted to more them will be detained by the Cus- Spanish democracy
toms authorles.-Kuo Min
Reuter
the decision. than £100.
Nanking. July 29,
In order to counteract the latest
"The question is not whether or not it is contrary to public policy for a person to commit suicide, or
The Shanghai Public Safety Commissioner, in a notice, has increased the amount of the cash reward for information which will lead to the arrest of the murderer or murderers of a Japanese named Kayau on Dixwell Road recently. The Public Safety Bureau, shortly after the murder, offered a reward' Increases the amount of the reward of $2,000 for information. It now by $1,000.
Swatow is probably the only place in China where the police are armed with big Chinese swords in addition to pistols. The city bonats of 600 well-trained guar- dians of the peace who are said to The Japanese have demanded be the best in Kwangtung. One of that the Chinese authorities in the their special duties after midnight. North reduce the export duty on is to keep the city quiet, and per- salt from the Changlu district. The sons guilty of honking motor car present export duty is $1 per ton hors, or shouting and making and is considered "too high" by other noises after 12 o'clock are
foed. Japanese exporters.
No comments yet.
Private notes are available after approval.