1936-12-16 — Page 13

IN

NEW YEAR

SINGAPORE

£15.0.0 RETUN TOURIST CLASS £20.0.0 RETORN FIRST CLASS

S.S. SCHARNHORST.”

LEAVING HONG KONG

DUE MANILA

DUE SINGAPORE

DECEMBER Yo DECEMBER 27 DECEMBER 31

S.S. "POTSDAM"

15.

LEAVING SINGAPORE

JANUARY 6 JANUARY 10.

JANUARY 12

Telephone 97772."

DUE MANILA

DUE HONG KONG

Queen's Bldg.

MELCHERS & CO.. Agenta,

NORDDEUTSCHER LLOYD

BREMEN

Canton Agents Jebsen & Co., Shamees, B.C.

S.S.

"BENLEDI"

Sailing for LONDON, ROTTERDAM,

ANTWERP, HAMBURG and LEITH on about the 9th January.)

Dr

Cargo will also be accepted on through Bill of Lading to the usual transhipment ports.

Next Sailing for SHANGHAI & JAPAN

S.S. BENLAWERS"

For Freight and Passage apply to:-

Tel. 22533.....

24th Dec.

W. R. LOXLEY & CO., (CHINA) LTD.,

York Building. Agents:

THE BEN LINE STEAMERS, LTD.

PHILIPPINE MINING

NEWS

A 300-ton mill has been ordered, shaft The finding of these veins. for the Lepanto Consolidated Min- and the fact that they carry values ing Company's property by Nielson at this depth, is very significant and Company, Inc. operators of

as it shows possibilities of finding the property, according to a recenture bodies at this elevation. statement made by officials of the company.

received

Engineering reports. from the different properties un-

Another vein which showed strong mineralization and erratic values at zero level will be cut at a projected distance of approxim- der the management of Nielson in-átely 30 feet from the shaft. Duo terests are very encouraging.

to the fact that good values were

PARACALE GOLD

found in the veins cut by the shaft, the possibilities of finding ton sistent values in this vein are ex- cellent. If further exploration work

Results

this vein carries values, enough ore will be available to warrant the ordering of a mill.

Reports from Paracale -Goid state that all pneumatic equip- ment has been set on the Hotel area and

proves that has been in operation during the past month. show the vein to be spotty, but pos- sibilities are very good of finding an ore body. This is one of the few areas in Paracale which can be developed to a considerable ex- tent by tunnels.

At the present time three cross- cuts are being run to cut the ore bodies, the lowest of which is 230 Teet vertically below the outcrop The upper tunnel which is 50 feet 'under the outcrop, has already in- tercepted the vein and shows an average of $7.00 (oid price) over a width of four feet.

At the present time, an assay la- poratory is being erected and will be completed during the middle of November.

LEPANTO CONSOLIDATED The first mill to be erected by the Nelson Interests will be placed on the property of Lepanto Con- solidated Mining, Company. This is a copper, gold and silver pro- perty located near Suyoc in the Mountain Province.

The

This mill, which will have a ca- pacity of 300 tons daily, will treat The middle crosscut, about 70

ore by the flotation process, feet under the upper tunned, has

concentrates will be trucked to the to be driven approximately 50 fert port of San Fernando La Union, before cutting the projected post-where they will be shipped. Con- tion. of the vein. Beveral small

tracts have been entered into for parallel

which show stringers

the marketing of the product, spotty values have been cut. These will be developed after more def- inite data are gained on the area. The most encouraging results to date have been obtained from the Fortuna area of the Paracale Gold property. Assays have shown a consistent value of $6.80-cold price) over an average width of four and one half feet.

Further development in this area will be carried out by shafts. Equipment for pursuing these

· operations 15, being moved into the property at the present time.

The major equipment for the plant has been ordered and, instal- lation will be started upon its ar- rival within 60 days. A crew of men are at present working on ex- cavations for the millsite. · Away laboratory, bodegas, staff and labour quarters as well as other, ne- cessary buildings are in the course of erection at the present time: "The mineral deposit on the Le- panto property is one of the oldest known in the Islands and has been worked for centuries, frat by na- tives and Chinese and I later Years by the Spaniards.

PARACALE GUMAUS Reports on Paracale-Gumaus Extensive operations were car- state that the shaft will reach the rted on by Spanish Interests over a 200 foot level within the next few ❘ period of more than 25 years with" days. As soon as this point is profitable results. Remains of the Teached; a station will be cut and old smelter, used, by the Spaniarda w crosscut started to cut the are still to be seen on the pro-

Waterfall vein.

perty."

HONG KONG DAILY PRESS, WEDNESDAY, DECEMBER 16, 1936.

JAN

FUTURE OF CHINA

A Land Of Rapid Change

SIR F. LEITH ROSS ON TRADE DEVELOPMENT

Sir Frederick Leith-Ross, Chief Economic Adviser to the British Government," addressing a lun- cheon party at the Royal Empire Society recently, on his recent rmission to the Far East, express- ed a hopeful view about the future of China and the possibility of Anglo-Japanese co-operation in assisting Chinese recovery. Sir Archibald Welgal, chairman of the council of the society, pro- sided.

en

0.

Sir Frederick Leith-Ross sald he Was distinctly optimist about the future of China. Ho believed that country, with its vast area and Industrious population, had a great future, and that, given a period of peace and good govern- ment, the possibilities for trade there were immense. He also feit that the development of a pros- perous and stable China would da more than anything else to help Japan to overcome her economic dimculties. He believed this was becoming realized 11 Japan, and that the time would come when Britain and Japan 'could Co- operate together with the Chinesej Government in promoting "recon- | struction in China,

China, instead of being a part. of the "unchanging East," was to-day place where rapid changes were introduced and car- ried through. During the past five years the Central Govern. ment had initiated and carried out schemes of reform and of de- velopment in China on an im- mense scale. This applied not only to practical programmes of railway construction and land settlement, but also to legislative reformis. There was much that remained to be done; but in his view the danger was

that not China was progressing too slowly, but that in her anxiety to re- habilitate herself she was trying to go too fast.

J.

NANKING GOVERNMENT'S

WORK

NEW YORK STOCK EXCHANGE

(Through Bauter's Service?,

New York: Decuiiber 15.

QUOTATIONS

New York/London.Cross-rate New York Cotton--Mar. New York Rubing--Alar. Chisago Wheat-May Chicago Corn -May Silver Official

Dow Jones Averages

30 Industrials 20 Baile

Last Today' High Low Close Close Change

4,00-9/32 4,90-91/33 up 1248 124 12.38 19.43 .03 up

19.38 16.02, 18.97 19.90

,33,, up 120 1961 1948 13826 up 100 103) 100 1054 a up I up

1636

W

High Low Ded. 13. 188.39 143,11 180.02 80.48 40.38 4.83

90 Utilities

40. Bands

38.16 38.3 15.1 106 01 98.92 10601 11 Commodity Index 78,34 65.58.7654

Dec. 14. Righ Low Close 189,87 180.74 181.67 50.18 84.63 84.89 36.12 35.09 35.61 105.90 77.87 Business Dona: -2,670,000 shares.

Stocks

. Dec,

Stocks Adams Express

Last Sale Dec. 12 14..

143

757 110

331

71

057

54

· 1143

Allis Chalmers...... Amer, Can Am. Car & Foundry Amer. Cyanamid Amer, & For. Power Amer. & For. $1 p. 594 Amer. Locomotive ... 44 Amer. Metals

504 Amer, Radiator ... 24 Amer, Rolling M... 354 Amer. Smelting Amer. Steel Farles. 597 Amer. Sugar amou Amer. Tel. & Tel... 188 Amer, Tobacco "B" 97 961 Amer. Waterworks... 251 Anaconda Copper ... 502 Atchison, T. & 8. Fe: 713 - Atlantic Refining ... 30元 Atlas Corpn. Auburn Motors... Baldwin Locomotive

$7 cum. pl. ......... 837 Baltimore & Ohio... 221 Barnsdall Of Bendix Aviation ... Bethlehem Steel ...... 731 Boeing Airplane Borden Co,

18#

323

217

352

261

Briggs M'facturing 59 Brooklyn-Manhattan

Trans

Brooklyn-Mannattan

54.

น

se cum, pf. IUI Case, J.I. Canadian Pacine Celanese Corpn. of

America

1531

134

281

Cerro de Pasco ...... 684 Certain-Teed Fducta (14) Chesapeake Corpn. 86, 871 Chesapeake & Ohlo .671

..... 123

601

141

401

891

ཨྰཿཎཏྟཱ བྷཨྰཿཏྲྰཾཨྰཿཨྰཿགྷཊྛཱཨྰཿཨྰཿâeནྡྷž ཚོསྶསྶ བྷུ# a īaབྷོ ཨྰཿeaཎྜཊྛ#ཙཱཉྩ ཊྚཔྤནཱིཀྑeཐཱབྷོཏྟཱ ཙྪཱཙྩཊྛཱནཱསྶ ཊྚ, 3 ཝནཱ ཨྰཿནོམྦདྷོ ཚོaསོ༔

CONSIGNEE NOTICES.

HAMBURG-AMERIKA, LINIK

NOTICE TO CONSIGNEES.

FIHEEM.V.

"SAUERLAND" having arrived from Hamburg and Forts of call, Consignees of Cargo are hereby notified that their Goods are being landed and placed at their risk into

13

CONSIGNEE NOTICES.

NORDDEUTSCHER ELOYD BREMEN.

Tas Steamer

FRANKEN "L: 'having · arrived, from BREMEN, HAMBURG and Ports, Consignees of Cargoare hereby notified that their cargo is being landed, at their risk into the Godowas of The Hong Kong & Kowloos Wharf and

the Hong Kong & Kowloon hero'de]]dati Co., Ltd., Kowloon,

Godown Company's godawan at

een

The SANT SANKEN

o be obtained.

further notified bak

where delivery may be obtained as soon the as the Goods are lauded

Optional Cargo has been given

Uhange

here,

.06 up 31 off 30 H) .ll off 1.63 up

Last Sale

12 14 Great Northern Ely. 41 Great Western Bugat 40

Holly Sugar "Corpn. Humble Of

Bat Nickel

4

741 621 83 121 12 34

75

34

60

Int. Tel & Tel. Int. Dept Stores ... Kennecott Copper 69 Lambert Corpn. .... Loew's Inc. in Lorillard

191 104 631 641 231 22

McIntyre Porcupine McKesson & Robbins 454 454 Monsanto Chemical 90 994 Montgomery Ward -.. 654 852 Murray Corpn. 181 181 Nat Cash Registor 301 301 Nat Dairy Products 231 231 Nat Distillers

294 292 Nat Power & Light 114 13 New York Central Niagara Hudson P.

Corpn.

North American

Pure Oil

+99

*** 2⠀⠀***** *******:* ====*=*=*C÷C*-**¦¤¤•«****** ********** * *** ** ** * *****fe dan

uulose Notice

48

port-

haz

not be landeden HAMB BU and BREMEN

through cargo for HONG KONG B.S. Box and 8.8 Lux" fremme, hours prior to Vessel's kivíval, but carried DRAMMEN and VIIPURI. on from port to port in the final of

call to

option extends which the No Claims will be admitted, after the the 19th Dec, 1998, will be subject Goods have left the Godawns,

to ad Goode remaining undelivered after the 18th Dec, 1936, will be subject to Bent.

اله

All goods remaining undelivered after

rent

NO FIRE INSURANCE wil. affected by us in any case whatever.

Damaged packages must be left in the examination by the con- godown for

Anderson & Ashe, st 10 am. on and the Company's surveyore, the 18th Dec., 1938,

All broken, chafed and damaged Goods are to be left in the Godowns, where We they will be examined on 17th Dec, 1435, at 10 am, by our Surveyara, Messrs. Goddard & Douglas.

То Warehouse Hegulations consignees munt have a Revenue Offer in mitendance when damared dutiable goods are examined

comply with the General Boarded must have a Hevenge

All Claims must reach us before the 11th Jan, 1937, or they will not be recognized.

No Insurance will be affected. Bill of Lading will be countersigned by

JEBSEN & 00

Agents

Bong Kong. 11th Dec, 1936"

148*9.

NOTICE TO CONSIGNEES

OCEAN STEAM SHIP CO, LTD..

CHINA MUTUAL STEAM NAVIGATION, QO., LTD.,

ONSIGNEES

AZED AN

per Co's Vessel "PHILOTETES "

FROM UNITED KINGDOM

VIA SINGAPORE are borsby notified that their Cargo will

into be discharged.

Holt Whad, Kowloon, where it will his at Consiguses' risk and subject to Terma and Conditions of Storage at Helt Wharf, The Cargo will be ready for Delivery from Godown on and after 11th Dec.

unless

Options Cargo will not be landed here. Notice has been given prior to Steamer's arrival, but carried on from port to to the Gual port of call is

| option extends. which

in attendance when damaged goods are examined by the Company's surveyor.

No

claim

will

be admitted after the

geods have left the godown and al claims mast be presented within Two Weeks of the ship's arrival here, after which date they will not be recognised

Consigneen are requested to surrender for countersignature. their Bill of Lading to the undersigned

MELCHERS & Çompr

Agante NORDDEUTSCHER LLOYD BABEER. Hong Kong, 12th Dec., 1976. (4894.

CONSIGNEES NOTICE.

THE BEN LINE STEAMERS, LTD.

FROM LEITH, MIDDLESBRO.

VANTWERP, LONDON

AND STRAITS.

The S.8. "BENLEDI,

TONSIGNEES of Cargo are hereby

informed that all Goods are being landed at their risk into the hasardens and/or extrs hazardous Godowns of the Hong Kong and Kowloon Wharf and Godown Co Lide hence and/or from the wharves Delivery may be obtained.

No Claims will be admitted after the Goods have left the Godowns, and all Goods remaining undelivered after the 19th Dec., 1936, will be abject to Bent.

All Olaims against the Steamer must All broken, chafed and damaged Goods be presented to the Undersigned on or are to be left in the Godawns, where before the 2nd Jan, 1937, or they

be they will be examined on sny Tuesdays | will not and Fidays between the hours of то

recognized.

Warply

with the General· Bonded

.10.45 M. and Noor within the Freak havo Hsvanus Officer in attendance

Regulations, consignees must go period. "Onima will be admitted after the when damaged dutiable goods are Goods have left the Biesmer's Godown, examined and all Goods remaining undelivered after the 19th Dec, will be subject

to Rent.

All Claims against the Steamer must be presented to the Undersigned, on or before the 2nd Jan, or they will not be recognised.

No Fire Insurants will be effected

'BUTTERFILU Á SVIRK”

Agents. 12th Dec., 1936

{4877

44

161

31

314

リ

Phelps Dodge

Northern Pacite ... Pacific Gas & Bec, 36 Pacific Lighting Packard Motor Paramount Pennsylvania: R.R.

Phillips Petroleum.. Public Service of N.J. 472 48 Pullman Inc.

201 211

367

481

482

11

221

221

403

41

521

59

471

472

521 627

19

18

Radio Corpn of Am. 12 Republic Steel ........ Reynolds Tobar. "B" 584

12

287 291

584

St. Joseph Lead Co. deleted - Schenley Schenley 51% pr.... 074 072 Sears Roebuck

521 523

90+ 90

Shell Union Of Socony-Vacuum Southern Cal Edison

287

152 154

201 291

Southern Pacifc

427" 42

Southern Rly-5% p. 50151

Stand Brands

151 151

Stand Gas & Elec.

81 91

Stand Gas & Elec.

ITDI. İ

581

Standard Oil of, N.J.

662

Sterling Products'

711

711

Swift

International

314

Technicolor

22 -22

Texas Gulf Sulphur 394

391

Tidewater Assoc. – 011

191 20

47

- Timken-Detroit' Azle

25 24

Transamerica

278

174

20th Cent. For Filmna

104

37

377

20th CentFox Films

RUBBER DEALERS

Douglas Aircraft 742 Du Pont

251

pi.

451* 461

On. Carbide & Car-

bon

1801

102 103

12

Un. Pacific 131

1314

United Aircraft *

212

231

201

Un. Airline Trand

port

691

171

United Corpn.

71

791

80 #

234 241

377

3721-

504*

51 524

United

cum pi. Un Gas Iprovem't- Un. Light & power

*\": US Industrial Alco-

bol US, Eubber

Corpn.

$3

441

143

41

392

401 462

39%

UB. Rubber 18 pf.

961 987

UB. Steel

761 781

Vazadium

241

.25

157

244.241

Warner Bros Pict, Westinghouse Elec.

17 17

1483

148

Youngstown Sheet

134

& Tube

817

331

Chase National BK 141 45 t

241

National City Bank 578 38 *

287

Call Money

.1%

:.1%

• Bla

When he left China in June Chrysler "Corya. there were many prophets of Columbia Gas & El. 171 gloom; but, in fact, all bad gone Columbia 8% "A" PL. 103*" well. The Nanking Government, Commercial

Credit 691 which, he believed, had the sup- Commercial Solvents 173 port of public opinion, had done Commonwealth & 8.

31 a tremendous amount, in face of Commonwealth $8 great difficulties and without

cum. pf. external help, to reconstruct the Consolidated Edison 454 country after the long period of Consolidated O civii atrife; and they might hope Continental Oil that this Government, under

Corn Products ... General Chiang Kai-shek, would Curtles Wright (C) »

B1 continue long enough to consoll-Curtiss Weight "A"

201 date the administration on $ Delaware & Hudson stable basis and evolve a constitu- Del Lackawanna & tional system which would main-

Western tain that stability in the future. Distillers Corpn Bea.

Within a few months of leaving the silver standard. China's ad- verse balance of trade had been corrected, and remittance from Overset increased. Chobna probably now, anything, a creditor an current international account, This year she had had a "banner" harvest, which should enable her to dispense with Am-: ports of cereals and to increase her exports of agricultural pro ducts. This would give ber larger resources for the purchase of manufactures of all kinds which she needed..

ike

.

Was

Electric Boat Elec. Bond & Share Elec. Bond & Share

$5 på....... Elec, Bond & Share

$6 pf. Elec Power & Light Elec Power & Light

$7 pt.

342 Firestone Tire & R

384 40 Fiinikote Gen, Asphalt Gen. Cigar **** Gen. Electric

The currency reform of China

Gen. Foods ********* - 68+ needed to be completed by a.reor-

Gen. Motors 54 ganization of the Central Bank. The Budget needed to be balanced, Gen. Railway Signal Gillette Safety Razor and the public services reformed and strengthened...

All those Glidden measures took time, but he be Gold Dust***********

leved the Government were work- Goodrich (BF) ing

The right lines.

Goodrich $5 pt. fundamental conditions for a de- | Géodyear velopment of trade were present,"

1 x div. and he believed that British manufacturers should do all they could to maintain their position in China A prosperous China was the largest undeveloped mar- ket in the world for manufactured goods.

REICHSMARK RATES

Berlin, Dec. 14. The Reichsmark was quoted, (without guarantee), at:

New York 40.24 W Parts

**** 865. Amsterdam...73.90 to 73.93 "London"

22.18) Paris Sterling 105.15 to 105.18 USA. Dollar 21.441 10 21.444 Transocean News Service.

Bince the American occupation, This crosscut will have to be driven a distance of 650 feet and many American engineers have will intercept the vein at approx- ; examined, the property. Most of imately 200 feet vertically below the reports rendered by these men the zero level.

were very favourable in view of the sibility to the property and lack of metal content but economic candicapital retarded, the development. tions at that time such as inacces- of this propert

Two veins which showed com- fercial values were cut in the

BANK PRESIDENT TO RESIGN

Basle, Dec. 14.

ITALIAN WAR DEBT TO AMERICA

Rome, Dec. 14.

CAUTIOUS

",,:::;

London, Dec, 14

The "cary appearance of excel- ient American rubber consumption figures for Novembar, which ard.j considered to have been most udiciously timed, exercised, very attle effect upon the prica of the commodity owing to the extremely cautions attitude adopted by traders pending to-morrow's "In- ternational Rubber Restriction Committee meeting.

Prominent rubber tradera point

All benken, chafed and damaged Goods are to be left in the Godowns, where they will be examined on the 17th Dec, 1838 si 9" by Hears. Carmichael Olack, jaz vi

hy

No Fire Thadranod has been offerted. Bill of Lading will be countersigned..

1

W. B. LOXLEY & CO. (CHINA) LED.

Agents.

[4878 Hong Kong, 14th Dec., 1936.

SERVICES CONTRACTUELS DES

MESSAGERIES MARITIMES.

WITH CONSIGNER NOTICE

BS. " D'ARTAGNAN”. TA/37.

BRINGING CARGO Fron MARSEILLES :via Ports, etc.

AIMITED HONG KONG OF ERIDAY, 11 DEC., 1936.

YONSIGNEES are hereby informed figures undoubtedly add interest of Opium, Treasure-and Valushies are to the outcome of the Combeing landed and stored into the Go

downs of Hong Kong, Kowloon Wharf mittee's deliberations.

In this connection It is un-delivery may be obtained immediately

& Godown Co., Ltd., Kowloon, whene animously felt that the Committee after landing, led tara:38 121 will release an additional five perAll claims must be sent in to me on Lent, of production for the first or before the Sind Deo.

or they even look for a 10 per cent ad aged Packages will be examined

by the Company U vance in order to placate com Goddard & Douglas in the provenes of yu Surveyor, Hossra, plaining American consumers the Chungheed ke 10:00 am. on Thurs- Reuter

must Have a Esvetus Officer in attendance when any dailable goods are examined by the Company's Barrejors

our that the intest American Oftast the goods with the exception

three months or 1837, and some will not

will not be recognized. 1936,

LADY GILBERT PASSES"

London, Dec. 13.

**Dec 1986.

4

No Fire insurance will be effected by us in any case whatever.

Italy will again default in pay- The death is announced of Lady Hong Kong. 11th Dec, 1936. ment of the yearly instalment of Gilbert, widow of air W. &. Gilbert, her war debts to the United Sta- of Gubert and Sullivan fame- tes, which is due on December 15, Reuter according to an official note of the Italian Government to Was- hington, which states that Italy is not in a position at present to make the paymant Transocean Nevi Serviss

The President or the Bank for Internationas" Settlements, Dr Trip will resign from his post at the end of the current financial year, according to an announce ment made after the meeting of the Administrative Council here, on Monday morning. The announce- ment, adds that the Council ac- cepted the resignation with the greatest regnet and decided to pro- pose to the general meeting of the bank in 1937 thail the statutes of

tends to appoint the present de- the bank be altered in such a way puty President of the Bank, Dr. as to permit that a "ron-member Bayen, na successor to Dr. Trip of the Administrative Council may who accepted his appointment to be appointed Prident of the bank, the Presidency of the bank in After the statutes have been alter... 1935... ed to this fi

the Counel in- Transocean News

IN WIRELESS TOUCH

The list of the ships expected to be in wireless communication with |Hong Kong Radio:

Eng/Lee Yuki Mar Foraine, Ayah Jang, Blksworth, Bons Blang, G.G. Paul Doumer, Ban rang, Maru, Kut Bang, Hong Kong Maru, Kronviken Beaver Eulal press of Japan, Toko press of Arla, and

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