1937-01-19 — Page 13

43

Lloyd

Priestin

NEXT SAILINGS

To Shanghai "Victoria" 28th Jan To Italy "Victoria

lat Fab.

SPECIAL RETURN TICKETS

Validity 100 days at greatly red wood cost allowing of 2 months stay in Europe. Special concessions to late And End Class travellers to Loon

Faros to Venice, Trieste, Genoa and. Retura...£13%, "£BS, 236. `· Special Two Months' Round Trip Tickets At Reduced Bater

TO BOMBAY

CULOMBO

BINGAPORE...

קוי

BHANGHAI ...

100

£44

£41

£18

12

£25

£21

£22

£19

£13

£11/

£ 9

£.B

ROUND THE WORLD tickets issued at Special Reduced Rates in connection with all the Trans-Pacifio & Trans-Atlantic Confor ence Lines.

ITALIA & COSULICH LINES Agents for the sale of through and independent tickets to North, Central and South American porte vis Italy,

THROUGH

TICKETS TO LONDON-23 days - Special facilities for despatch by train of heavy baggage with liberal free allowance

INTERCHANGEABLE RETURN TICKETS with the Dollar Lines on very favourable conditions.

LLOYD TRIESTINO

Telephones 39983/3.

P.O. Box 143. Tel. Addr., "Lloydiino"

Canton Agents:-DODWELL & CO., LTD., Shameën.

LINE

MAERSK LINE

Fast regular FREIGHT and PASSENGER SERVICE

Tia

Shanghai, and Japan

to

HONG KONG DAILY PRESS, TUESDAY, JANUARY 19, 1937.

AUSTRALIA AND JAPAN

Quota" And Lower Duties

The trade war" between Aús, tralia and Japan is now ended and on terms which affect Lancashire closely. In place of the high 'dut- les imposed last May on Japanese goods Australian imports from Ja- pon are to be subject to a quota and the rates of duty are to be lowered by a half. The new agree- ment provides that imports of cot- ton plece goods shall not exceed 61,250,000 square yards a year and that the same limit shall apply to rayon piece goods. In addition', a quota of 17,500,000 square yards is allotted to calico used for, bagging. This total permitted import of 120,000,000 square yards. compares with 153,000,000 square yards last Had there been fo inter- year. ference' with the trade this year through the high duties the im- port might conceivably have reach, 200,000,000 square yards.

Lancashire traders will natural- ly welcome the quantitative limita- tion, especially in its effect on cotton piece, goods, although they will be disappointed with the re- duction of the tariff. If they are wise they will recognise. frankly that they benefited last May from the accident that Australia was

LOS ANGELES, PANAMA, NEW YORK, BOSTON, then engaged in an economie quar-

PHILADELPHIA

& BALTIMORE.

If suficient inducement offers also other ports of call,

Arrivals from U N.A.

!

***

MV. "DAGFRED"

Sallings to U.S.A

4th Feb.

25th Jan.

1st Fab.

+

M.V. ANNELIESE ESSBERGER” M.V."NIEL MAERSK"

27th Feb.

(All dates are subject to alteration without notice.) EXCELLENT ACCOMMODATION FOR PASSENGERS

AT MODERATE RATES.

For Freight and Passage plesso apply →

JEBSEN & CO.

Cantor, Shameen, B,C. Agenta.

Tel. 10916.

JAV

CHINA

JAPA

LIJN

Bong Kong, Pedder Bulding

Tel. 28363.

VISIT BALI AND JAVA

Speelal Round Trip Fares 1st Class

HONG KONG-BATAVIA—HONGKose H$275.

HONG KONG-BALI-JAVA-HONG KONG H3450.

HONG KONG-MANILA-HONG KONG H$135.

NEXT SAILINGS-

TO BATAVIA- DIRECT 5.8. "TJISAROEA" 26th Jan., 11 Lm.

Tender Queen's Pler 10,00 am, Trader Folles Fler 10.18 a.m. TO MANILA, MAKASSAR. BALI & SOERABALA

8.5. TJIBADAK" 19th Jan, 11 am.

· Tonder Quera's Pier 10.60 mm. Tender Polios Pier 16,15 min

TO AMOY & SHANGHAI ID.S. "TJISADANE " 21st Jan. For further information apply:

Bolland-China Trading Conten B. Nolasco da Silva, Esq., Macao JAVA-OHINA-JAPAN LINE "York Building,

MODERNI

Tel. 28015.

EXPRESS SERVICE

ין

ANGLO-IRISH, TRADE AGREEMENT

London, Jan. 17. The new Anglo-Irish Trade Agreement, whereby England re- duces the customs daty on Irish cattle and horses, and the Irish Free State in Its turn decreases the duties on English manfactur- ed goods, will be the result, ac- cording to the "Sunday Despatch," of the recent conversations "be- tween the Dominions Minister Mr. Malcolm Macdonald and the Irish Premier, Mr. de Valera, a

A fundamental: ́agreement "was attained on the principle questions. according to the "Despatch" Dub lin correspondent, the only ob- stacle being the question “United. "Ireland.".

of

MINING OUTPUT

rel with Japan. She put on higher duties that were not intended to be permanent in the hope of bring ing Japan to terms on wool. Al- though Australian statesmen did not say so at the time, they were not putting on these duties for the sake of Lancashire's blue eyes. It may be contended that the high protection was no more than was Lancashire's due, but that was not the view of a pretty large sec- tion of Australian opinion, and the Government has had much

criticism to meet.

Even now it must be recognised that the level of duties against Japan is still high. As Japanese values run, the duty on grey cloth will be something like 82 per cent, on rayons 68 per cent. Moreover, It is worth remembering that in most cases where Japan has been subjected to a quota it has been found that her price, competition becomes less strong; her competi- tion, as Mr. Forest Hewit points out in his comment on the agree ment, becomes less abnormal.

NEW YORK STOCK EXCHANGE

(Through Henter's Servics,

New York: January 17.

QUOTATIONS

New York/London Cross-rate Now York Cotton-Mar New York Rubber-Mar. Chicago Wheat ----May Chicago Corn-Hay Bilvar-Official

Dow Jones Averages.

$0 Industrial

20 Raila

20 Utilities

40 Bonda

Last Today's

Chango High Low Close Clone

·4,91-5/33_491-3/32 1/16 of 4847 1848 1844 13.47 .03 up 22.04.–21.77. 11.91 28.08 .11 up

∙1112

1926

High Lów Jan. 15. 188.30 14211 (84.59 80.48 · 40.68 · 59.66 37.78 28.03 31.00 108 01 98.0% 105.78

11: Commodity Index 81.57 65,58 79.70

Last Sale Stocks

Jan. 15 16 Adams Express ...

17 mio. 171 Allis Chalmers

TB1 M... 1151 Amer. Can Äm. Car & Foundry

341 Amer. Cyanamid Amer. & For, Power 10 Amer. & For. $7 pf. 834 Amer. Locomotive Amer..Metais... 'Amer, Radiator ...... 254 Amer, Rolling MIU... (34 Amer. Smelting ..... 95+ Amer. Steel Fdries. 69 Amer.. Sugar ............................... 541 Amer. Tel. & Tel... 182) - Amer, Tobacco “B”, 951. Amer. Waterworks ... 281 Anaconda Copper® 55+ Atchison, T. & S. Fe. 75 Atlantic Refining-

317 324 Atlas Corpn..... 17} 171 Auburn Motors... 321 32 Baldwin Locomotiva

$7 cum. pf...

891 Baltimore & Ohio... 23 Barnsdall Ol Bendix Aviation Bethlehem. Steel Boeing Airplane... Borden Co... Briggs

142

M'facturing 57 Brooklyn-Manhattan

Trans

Brooklyn-Manhattan

$6 cum, pt. Case, TI Canadian Paciic

Celanese Corpn. of

America

1311

111111

anquoted

Jan. 16,

off

High Lów Gloss Change 19604 184.47 186,73 1,50 up 58.25 85.75 88.31 .63 up 87.53 38.96 37.26 .31 up 106.89 11 up 79.74 .04 up

Business Döne:-1,710,000 sharea,

McIntyre Porcupins.

HAMBURG-AMERIKA LINIE

Far Eastern Hall,Passenger & Freight Servies

Through bookings to America via Europe and Surope via Am Bookinge around the world. — Through bookinge" to

OUTWARD SAILINGS

14 “ NEUMARK... for Shai, Chemulpo Dairen, Tripé cao,

Kobe, Osaka, Yhama, Sagors 19th Jan, "KULMERLAND" for Shanghai, Dairen, Yökölama,

1.4. "NORDMARK"..

Nagoya, Hobe, Osaka A, 7th Feb. for Bhal, Dairen, Taku, Taingto *Y'hama, Nagoya, Kobe, Qmaks 17th Feb.

HOMEWARD SAILINGS *** +v. "BURGENLAND" for Gazon, Antwerp; R'dam., H'burg 6th Feb NEUMARK... for M'lies, R'dam, Hamburg... 28th Feb.

. KULMERLAND' for Genos, Antwarp, K'dam., H'burg 8th Mac2.

+ Passenger Voare!. *Limited Passenger Accommodation,

For further particulam and passage fares, etc. apply to

HAMBURG-AMERIKA LINIE JEBSEN & CO," AGENTEJA

11, Pedder Street, Tel. 2836S,

CANTON AGENTS: CARLOWITZ & CO., Shakee Road.

S.S. "BENAVON"

Sailing for LONDON, ROTTERDAM, ANTWERP, HAMBURG, HULL and LEITH on or about the 9th February.

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

Next Sailing for SHANGHAI & JAPAN S.S. “BENVORLICH" 20th Jan.

For Freight and Passage apply to:~-~~

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

York Building.

Agents:

THE BEN LINE STEAMERS, LTD.

OCEAN STEAM SHIP CO, LTD),

AND

. 'CHINA MUTUAL' STEAM

NAVIGATION CO., LTD.

My p

Stocks

Last Sale- Jan. 15 18

1154

Great Northern `Rly. '434 Great Western Bugat 38 Holly Sugar Corpn.

441

38

$41 12 661

Humble Of.............. 81 The Nickel ........... 04/ Int. Tel & Fel .... 137" Int. Dept Stores. 324

821

€4

137

31

481

47

Kennecott Copper

་་

611

811

62%

631

Lambert Corph.

201.

20

20

Loew's Inc.

69

701

351

Lorillard

231 231

98

891 55

McKesson & Robbins 47 47

Monsanto Chemical se

Qat

1834

Montgomery Ward ... 571

582

951

Murray Corp

19 197

231

Nat Cash Registor. 321- 327

351

Nat Dairy Products (231*

231

75+

Nat Distillers 281 Nat Power & Light 141 New York Central .... 431

28

14 441

Niagara Hudson P.

Corp.

17

17k

88 * 23

North American

331

341

Northern Pacific......

201

32+

32

Pacific Gas & Elec.

371.

37*

Pacific Lighting

521

522

761

78+

Packard Motors...... 11

11

37.

364

Paramount in 20

281

274

271

Pennsylvania R.R.

427

43

Tel. 21523

561

Phelps Dodge ............

· Phillips Patroleum ...

611

51

501

51

Publie Service of NJ

514.

524

Puliman Inc. .....................

633

691

100 *

Pure O

21

211

1581

1601

Radio Corpa of Am.

12

131

NOTICE TO CONSIGNEES

154

151

Republic Steel

271*

271

Reynolds Tobac"

667

581

281

281

St. Joseph Lead Co.

Schenley

441

441

Schenley 51% pf.

96

96 ⚫

Bear Roebuck

861

861.

68 1234

Shell. Union Ou

281

28

Bocony-Vacuum

151

161

· 191

Southern Cal Edison

*

481

106

Southern Pacific

261

ZT

dai

Southern Rly 6% p.

511

511

194

Stand Brands

151

154

41

4

Stand Gas & Elec.

13

131

36

Stand Gas & Elec.

731

741

$7 pf.

59

60

Consolidated Edison 46 Consolidated Of Continental Of ...... 444 Corp. Products meant Curtiss Wright (C) Curtiss Wright "A" Delaware & Hudson Del Lackawanna &

481

Standard Out of N.J.

BBL

69

161

161

444

Swift International 31

Sterling Products 734

74

314

71

Technicolor 701

73

T

23+ 471

214

491

Texas Gulf sulphur 401 Tidewater Assoc. OU Timken-Detroit Arde

211

201

211 101. 21

244

Transamerica ALUTATI

181

120 120

20th Cent, Fox Films'

371

20th Cent. Fox Films

271

27

PL

461

457.

15

741

Un, Carbide & Car

179

180

bon

103

137

Un. Pacific

1041 128+ 131

271

United Aircraft

30

301

Un Airline Trans-

to

751*

port

231

23

United Corpn.........

71

8

815

B6

United

Corpn. $3

251

Cum Piazzingutasgra 48

48

344

Un. Light & power

Un. Gas Iprovem't 181

153

421

43

........... 101

104 18th Jan., 1987.

38

384

US. Industrial Alco-

50巷

.501

59+ 61 42' 42

hol

39 391 U.S. Rubber BO 51+

Gen. Foods

681 69

US. Rubber $8 p. 96. US. Steel

Gen. Motors

591

601

Vanadium !....

B17 841 31 32

Gen. Hallway Bignal Gillette Safety Razor 225 Glidden .....

Warner Bros Pict, ...

17+ 172

221

Westinghouse

Flec. 1621

Youngstowni

Gold Dust Danaiman Goodrich (BT) Goodrich 65 pf-

131

131

& Tube

334

34

803

801

30% 321

1 ez diy

Bid

2014

| Cerro de Pasco

6911 71 CertainTeed P'ducts. 17.** 17 Chesapeake

Corp. 874 *88 Chesapeake & Ohio 674 Chrysler Corpn.

1227 Columbia Gas & "191 Columbia 6% "A" P. 108 Commercial

Credit: 677 Commercial Solvents 19 Commonwealth & 8. Commonwealth

.com. pf.

It is to be hoped that there will be no rash protests from the Lan- cashire trade. A little considera- tion will show that the terms en- loyed after the new agreement will be much better than what seemed possible twelve months ago. In- deed, had Japan settled ba the terms that were talked of in the Distiners Corpyn Sea- spring Lancashire would probably now be worse off. And the com- bination of interests in favour of a settlement with Japan on wool was so strong-it included not only the Labour party but many of the Australian Government's own supporters that there was really no political alternative but à com- 38 pl............... promise

first agreement. The

Elec Power & Light messages do not make it clear Elec Power & Light whether the Australian quota, like $T DI....... ********* 34 the Indian, is divided into cate-Firestone Tire & R gorica, although this may perhaps | Flintkote

grande Douglas Aircraft Da Pont Electric Bost ***** 132 Elec Bond & Share 201 Elec. Bond & Share

15 b...... Elec. Bond & Share

be assumed from the differential | Gen; Asphalt .......................... duties. It is in every respect desir- Gen. Cigar able that it should be to prevent Gen. Electric the disorganisation of the market

by Japanese concentration on pare ticular classes of goods.

Sheet

24+

1544

791 791 Chase National B-491 494 National City Bank 421* Call Money

1%

42↓*

1%

NONSIGNEES por Co.'s Verse).

MHAGAMEMNON";

FROM UNITED KINGDOM VIA SINGAPORE, are hereby notified that their Cargo will be discharged Holt' Wharf, Kowloan, where it will lie at Consignees risk and subject to Terms alt's

Into

and Conditions of Storage at Holfa Whart. The Cargo will be ready for Delivery from Godown on sad after 18th Jan

Optional Cargo will not be landed here unless Notice has been given prior to Beemer's arrival, but carried on from port to port to the flual port of call to which the option extenda,

All broken, chafed and damaged Goodt A to be left in the Godowns when they will be examined on any found

Fridays between the hours of 10.45 am. and Nour, within the Free Storage period.

No Ciams will be admitted affar ths Goods have left the Steamer's Godows

and all Good remaining under

-Jany will be subject Rent All Clairer against the Steamer musi be presented to the Underrigned 'an or before

8th Feb, or they will zot be recognised.

No Fire"“Inruszce will be affecteð BUTTERFIELD & SWIRE

Agents.

4884

NORDDEUTSCHER LLOYD

BREMEN.

Steamer

DONAU"

CONSIGNEE NOTICES.

HAMBURG-AMERIKA

LINIE

NOTICE TO CONSIGNELS

p

THE BURGENLAND -

101

having arrived from Hamburg, and Porta of call Consignees of Cargo are hereby notified that their goods are being landed and placed at their risk into the Hong Kong and Kowloon Wharf & Godows Company's downs t

Kow loon, where delivery be obtained as soon as the good art landed.

Ophional cargo will not be landed. here; unless notice has been given 48 hours prior to vessel's arrival, but onryled port den fagm port to port to the final

of

call to which the extenda

option

the Goods have left the Godoway, and

No Claims will be admitted all Goods remaining undelivered after the slat Jan., 1997, will be subject to Rank

"All broken, shafed, and damaged Goods are to be left in the Godowns, where they will be grmined on 20th Jan. 1987,

10 by our Burveyors Medare. Goddard and Douglas 13

To comply the General Bandod *Warthouse_Regulations consignees must have.s Kövünus Oficer in attend. and when damaged dutiable goods are examined.

"All claims must reach us before the. 14th Feb, 1937, or they will not be recognised.

No Insurance will be effected, Bills of Lading will be countersigned by

JEBSEN &00

Hong Kong, 4th Jan, 1987.

HAMBURG-AMERIKA LENTR.

NOTICE TO, CONSIGNEES.

HE. M.V.

having arved from BBEMEN, HAMBURG and Porta, Consignees of Cargo are hereby notified that their cargo | is being landed at their risk into the 24 RAMSES" Godowns of The Hong Kong & Kowloon having arrived, from Hamburg and Wharf and Godown Co., Lida Kowloon, Ports of call, Consignees of Cargo are where delivery can be obtained,

by the

OIL ENGINES FOR LIGHT PLANES

A light aeroplane engine, origin- ally designed for use with petrol has been modified so that it will run on heavy oll. It was demon strated last month by Comman- dant M. de Gripenberg at Heston Airport.

The

JAPANESE SPINNING TRADE

Although, as has been mention- "ed once or twice recently in these notes, there is some anxiety in Japanese cotton-trade quercers, as Goodyear \' a result of the check to the expan sion of exports, it is apparent that the position" has some re- deeming features. This is indicat- a high level; and that, as a result ed, for one thing, by the recent of the recent fall to about 290,000) decision to reduce the rate of bales in the monthly yarn produc- spinning-mlil : eurtallment from | tion, as compared with about 315,- 26.2 per cent the level at which it 000 bales before additional restric- has been maintained sirice Novem- tions were put on the output of The Raub Australian Gold Miner, 1935 to 25 per cent for the new spindles, yarn prices had har ing Company, Limited inform us

first quarter of next year. The denéd appreciably. The spinners, decision was reached after a good on their part, argued that the that their output for the four

deal of argument between the spin- fall in production had nothing to weeks ended January 2, 1937. amounted to 2055.72 ounces.

ners, who wished the higher rate do with the restrictions on new to continue, and the manufac spindleage, but that it was the re- turers, who claimed that there sult of the temporary employment should be a reduction to 31.3 per of certain cotton spindles for the paper cent in view of the shortage of production of staple-abro yarn, states, still maintains the demand supplies that was developing. The and they claimed that with waning for unification of Northern Ire manufacturers view was that presenthusiasm for staple fibre those land with the Irish Free State, sure on prices had been relieved spindles would revert to their ori- The chief change consists in the although the constitutional form as a result of the Japan Cotton ginal employment, again bringing substitution of a metering jump for of the proposed union is not yet Spinners Association's success in overproduction of colton yarn. A the carburetter. The engine is defined in detail. This demand obtaining as members scune firms compromise appears to have been started up on petrol and switches is likely, in any case, to be the which had previously been out reached between these two points over to Diesel oil after a few main dificulty in the way of analde it and had made a practice of of view, though, according to pre-seconds running, agreement to be reached between underselling the organised spin- sent arrangements, curtailment by It is stated that the demonstra the Irish Free State and Eng- ners; that, in spite of the alleged 26.2 per cent will be introduced tion engine has given satisfactory inzid.

sluggisfifièss of export trade; total | again for the second quarter of results for over, 100 hours on the Pranidezas Wewe Bervisn

sales of cotton' goods were still st | next year.

·bench.

· Mr." De Valera, se the

The engine is a Cirrus II, and it is claimed by the inventor, Mr E Pohjanpalo, that in its modined form it gives 25 per cent fuel, economy and a high degree of im- riunity from fire risks.

ال

Consignees are further notifed that hereby notified as their Goods are Steamer DON NAU being landed and placed at their rink taken at HAMBURG and BREMEN to the Hong Kong and Kowloon Wharf

are for HONG KONG

And Godown Company's godowns si through cargo 88 PAVAL 2.8 "LOW" and 9.8. Kowloon where delivers any

Moded. STRAUSS rom 8TOCKHOLM, obtained a song as the Goode are VIIPURI and KOTKA, Optional Cargo will not be lawded

All goods remaining undelivered after hours prior

bers unless

be been given 40 to vessel's arrival, but carried will be subject the 8th Jan,

on from port to port to the final.

port of to meat.

NO FIRE INSURANCE will be call to which the option extanask affected by us in any case whatever the

No Claims will be admitted after the Goods have lets the Glodowne, and all Damaged packages zinat be left in the

Goods remaining undelivered for the godown for examination by the con

Jan gases and the Company's

Anderson Mone the 23rd Jan, 1937.99 perdere Good brothe

Athe, at 10

All brokra, Consignees must have a Revenue where will be consulted on POST

"they Officer in attendancehen

damaged datiable goods are examined by the day 10 Do

Barreyors,

Goddard & Donkish- Company's surveyore

Kim will be admitted after the

To coagulations, consignees mu

with the General Banded

·loft

Ware goods

the

Varehouse godown and al allms must be presented within Two 1910 - Ravens Omon in attendades Weeks of the ship? arrival hare, after Mam which date they will not be recognised,

Consignees are requested to rurrender thair Bill of Lading to the undamined for countersignature.

MULCHERS & CO.

NORDENSTROWEL, LotD; BenEE, Your Low linh on 10m.

When

and damonged ** in the Bodowany

the 14th Feb, 1987, or they will not All claims must reach us before be recognised.

No Internate will be affected.

Bill of Lading will be sown tersigned by

[4965 Hong Kong, 14th Jan, 987,