THE
CHINA-SIAM LINE.
"HIRAM "
... "HELIOS"
I.K.
HONG KONG-BANGKOK
96th April via Swatow || leaving Hong Kong leaving Hong Kong 18th April
HONG KONG-SWATOW-AMOY
**HAI HING" leaving Hong Kong 1st May Accepting Passengers & Cargo for all the above metioned porta.
"HONG KONG-SINGAPORE-PENANG-RANGOON
Regular Express Service
!
Accepting cargo for all the above mentioned ports.
Excellent passenger accommodation available.
"For freight, passage rates and all other information-Apply to --
THORESEN '& CO., LTD.
Tel. 30937.
General Agents.
Queen's Building.
S.S. "BENGLOE"
Sailing for LONDON,
ROTTERDAM,
ANTWERP, HAMBURG and LEITH on or about the 9th May.
+
Cargo will also be accepted on through Bill of Lading to the usual transhipment ports.
Next Sailing to MANILA
S.S. "BENREOCH"
1st May.
Next Sailing for SHANGHAI & JAPAN
S.S.
"BENARTY"
Tel. 22633
8th May.
For Freight and Passage apply to:-
W. R. LOXLEY & CO., (CHINA) LTD.
York Building. Agenia:
THE BEN LINE STEAMERS, LTD.
A MISSION TO CHINA
Kodama Will Lead Delegation
WORLD SUGAR CONFERENCE
Committee Meets
"Difficulties
Japan is to send an Economic
London, April 21. Mission to China with a view to
The Sugar conference Negotiat- improving trade and other rela- ing Committee saw a pumber of tions with that country, states the the delegations to-day and will be "Japan Chronicle." The Mission
seeing more to-morrow. It is m will be headed" by Mr. Kenji derstood that all but four of the Kodama, former president of the
countries have accepted the alloca- Yokohama Specie Bank, and willtions in principle, but four are de- include several prominent business-manding quotas which brings the men in this country.
total to nearly ten per cent above the estimated requirements for a free market...
Among those popularly mention- ed are Mr. Otani, president of the N.Y.K., Mr. Kato, Governor of the Bank of Korea; Mr. Miyakegawa,
Their demands were reduced by
HONG KONG DAILY PRESS, FRIDAY, APRIL 23, 1937.
THE EXCHANGE
MARKET
MESSRS. ROZA BROS.
Silver prices were unchanged yesterday, the quotations remain- ing at 20 1/2 for Ready and 20.9/16 for Forward. Silver advices report- ed India as having bought. Specu- lators sold. The market closed steady. After the official fixing the market was very quiet, sellers being rather reserved. American Silver "was quoted at 44 3/4 for Spot.
The London-New York cross-rate was quoted at 492.77. New York-- London was quoted at 493.15/32.
MARKET
Steady.
,
STERLING
A small business was reported at 1/2 15/18 for near delivery. There were sellers at 1/2 29/32 April-Dec., buyers at 1/2 15/16 for any de- livery..
11
U.S. DOLLARS Business was reported at 30 5/8 for September delivery. The mar- ket closed at 1 p.m. with sellers at 30 5/8 April-June and 30 9/16-July- Sept., buyers at 30 11/16 Cash-July and 30,5/8. August-Sept.
¿SHANGHAI DOLLAR:
A fair amount of business was done early in the morning at 102 3/8 for cash. There were sellers at 102 5/8 for Cash, buyers at 102
11/18 cash.
SHANGHAI MARKET There were sellers of Sterling at 1/2 1/2, buyers probably at 1/2 17/32 for cash. US. Dollars, sellers at 29 13/16, buyers at 29 7/8 for .cash. A fair amount of business
was reported at 29,7/8 for cash.
IN THE AFTERNOON
NEW YORK STOCK EXCHANGE
New York: April 22.
(Through Rantor's Service)
QUOTATIONS
New York/London Cross rate New York Cotton-July Dec. "New York Rubber-July Chicago Whoat -July Chicago Corn-July Silver-Ottoia!
Last Today's High Low Close Close
Change
4-93-7/39 4.93-15/39 13 up 13.45 13.3 13.36 13.48
31 up 13.10 19.98 13.04 1.18 Ja p 23.45 93.20 22.74 23.4368 up
187) 190 191 1 119 117
117)
1938/7 High Low Dow Jones Averages 194,40 142,31 20 Industrials
64.48 40 66 30 Baile 37.54.28.28 90 Utilities
106 01 98.92 40 Bonds
89.44 55.68
Stock
off
118
unchanged
April $1.
60,96
April 20, High Low Close Change 181.44 184.00 181.38 183.60 2.16 ap 61,72 8.00 81,63
.18 up 31.38 30.96·31.14 .11 up .05 off
.15 pp
31.03 -101.81
101.18 76.71 Commodity Index 76.86
Business Done:-},200,000 shares.
11
*Last Bale Apr.20 31
„Adams Express ................... 181 191 Allis Chalmeki*............. 69
The market was quiet in the Boeing Airplane afternoon..
STERING
In Sterling no business was re- ported. finishing with sellers at 1/2 29/32 April-Dec., buyers at 1/2 15/18 for any delivery.
U.S. DOLLARS sellers at 30 5/8 April-June and 3 8/15 July-September, buyers at 30 11/16 Cash-July and 30 5/8 August-September.
SHANGHAI DOLLARS Sellers at 102 5/8, buyers at 102 11/16 for eash.
PROFITS TAX ATTACKED
}!
Last Bale
Apr. 20 21
824.
614 €31 131 121
281" 69
291*
131 13
831
834
224 *23
*** T*¤¤¤¤⠀ ⠀********* ⠀⠀⠀⠀TE** ** 8777 +67787+7a¤ €78.*£**⠀⠀ * 887 TE
#:
70
Amer, Can............ 105 am. Car & Foundry
1041
Stocks - Great Northern Rly, 534 54 Great Western Bugar – 354" Holly Sugar Corpn.
361
Humble Of
89
Amer. Cyanamid ... 801 Amer. à For. Power Amer. & For. 37: pl. 584,
301
Int. Nickel
1041
10
Int. Tel & Tel
601
Int. Dept Stores
Amer. Locomotive ... 50+ Amer. Metals ..... 542 Amer. Radiator........ 241
501
Kennecott Copper
55
Lambert Corp.
241
Loew's Inc.
Amer, Rolling Mill..... 377 Amer. Smelting
391
Lorillard
89
91+
Amer. Steel Fdries. 551 Amer. Sugar Amer. Tel
551
487
160
83
211
A
58
85
***
33
}
Tel... 1881 Amer. Tobacco "B" 84 Amer, Waterworks - 21 anaconda Copper 55+ Atchison, & S. Te. 831 Atlantic Refining 331
Nat Power & Light 101 107 Atisa Corpn. 17
New York Central 501 174 Auburn Motors 33 32
Niagară “Hudson P.-
Corp. Baldwin Locomotive p
Mcintyre Porcupine 23 McKesson & Robbins 48 .48 Monsanto Chemical go. Montgomery Ward .. 601 Murray Corpn. 161 162 Nat Cash Registor `.. 281 29 Nat Dairy Products 24 241 Nat Distillers 32 321
601
50%
"
121
121
$1 cum. pf... 115. Baltimore & Ohio... 384 Barnsdall Cu
114)
North American
201
261
361
Northern Pacific
334
321
32
Pacific Gas & Elec. 31
31+
Bendix Aviation
Pacific: Lighting
·
471
Bethlehem Steel .............
911
931
Packard Motors ......
101
101
Wars
391
41
Paramount: másom
251
25
Borden Co. Briggs
Jessamineust
251
.:28
Pennsylvania R.R.
451 46
M'facturing 471 Brooklyn-Manhattan
491
Phelps: Dodge
T
Phillips Petroleumi
58
Trans ................ 35
35
Brooklyn-Mannattan
Public Service of NJ 434 Pullman Inc.
431
sé cum. pf.`......... 921 Case, JI............................. 1652 Canadian Paciac Celanese Corpn. of
America Cerro de Pasco ...... 72) Certain-Teed P'ducta 191 Chesapeake
903*
Pure O..................
217
22
187+
Radio Corpm of Am. 10
101
137
14
Republic Steel
422
431
Reynolds "Tobac, “B” 51
504
381
381
Ep Joseph Lead Co.
734
Schenley
451
45
191
Schenley 5%, pt.
971
... 97
Corp. 83*
85+
Sears Roebuck .....
894
Chesapeake & Ohlo 614 Chrysler Corpn... 117 Columbia Gas & El 141 Columbia 6% "A" pf. 941 Commercial Commercial Bolvents 183 Commonwealth & 8. 23 Commonwealth. $6
cum, pf.
614
Shell Union Ofl.
31 -31
1218
Socony-Vacuum
20
20
141
Southern Cal· Ediso0–254
201
96
Bouthern Pacific.... 401
41
Credit 601
63
-181
Southern Rly 5% pf. 53 531 Stand Brands ........
147 141
27
Stand Gas & Elec. 107 Stand Gas & Elec
101
58+
57
$7 pf...
60
601
Consolidated Edilson 392
301
Standard Oil of N.J. 682
701
17
177
Sterling Products ·... 69"
-
Continental Qu
47
46%
Oorn. Products
704
712
Swift: International 33 Technicolor
33
231
Curtiss Wright (C)
62
Texas Gulf sulphur 391
394
211
Tidewater Assoc, Oll $19.
201
Tunken-Detroit Axle 231
243
Transamerica
154
15
1341
136
20th Cent. Fox Films 391
391
231
23 587 60%
20th Cent. Fox Films
pf.
491
494
Un. Carbide & Car-
1692 1642
bon
1001 100
221
21
214
Un. Pacific United Aircraft....... 28 Un." Airline · Trans-
147 148
port
191
39.
69
United Corpn.
57
67
75
76
United. Corpn. · | 53
221
43
421
Un. Gas 'Iprovem't 14
137
Un. Light & power
362
"A" ...................
U.S. Industrial Alco-
7
·487** 45
hol US. Rubber.
40. 64
392
651
56 US. Rubber 48 pí. 101 611 U.. Steel
1017
914
927
502
Vanadium
1124
116
Warner Bros Plet. 321
334
202
Westinghouse (dec. 143
1434
Youngstown
Sheet
421*
471
831
431
& Tube 351* Chase National BK 951 National City Bank 58* Call Money...
38 *
041 骏
1 x div,
51352* Bid
Enterprises Crippled Consolidated off...
London, Apr. 21.
doubts of the
Conservative emcacy and wisdom of the ex- cess profits tax mtroduced by the Chancellor of the Exchequer when he delivered his Budget yesterday, were manifested in the House of Commons to-day when Sir Robert
Curtiss Wright "A" 201 Delaware & Hudson 20 Del. Lackawanna &
Western Distillers Corpn Sea-
gratis Douglas Aircraft Du Pont
president of the Mitsubishi Shoff five percent on those made earlier Horne appealed for the clearing Mectric Boat 212
Kaisha, Mr. Ishida, managing di- rector of the Mitsui Bussan Kalaha, Mr. Shoji, president of the Toyu Spinning Company, Mr. Miyajima, president of the Nisshin Spinning Company, and Mr. Ohira, manag- ing director of the Sumitomo Bank. These gentlemen are all members of the Japan-China Trade. Associa tlon
....
122
Immediately, upon arrival Shanghal the Mission will proceed to Nanking to meet leading Gov- ernment officials, there.
In the week. "The Committee en-up of obscurities attaching to the countered considerable difficulty in tax
Ho asked whether the national obtaining this reduction and it is
whether they will defence contribution would be uncertain modify the claims further, or whe-computed before or after the in- ther others will yield part of their come tax assessment and sought quotas, hence particular interest information respecting deprecia- attaches to to-morrow's committee tion. especially as regards ship-
plag. meeting.~- Reuter.
: Sir Robert generally supported the view that excess profits from the manufacture of armaments were a proper subject for taxa-
Elec. Bond & Share Elec. Bond & Share -$5 pf...mítéséret Elec. Bond & Share G8)
$8 pf. Bec Power & Light 221 Mec Power & Light
$T pi
787 Firestone Tire & R 381 Funtipte (en, Asphalt .
391 38 Gen. Cigar
Gen. Electric mome 551 nese businessmen think Japan wil tion, but it seemed, he said, that Gen. Fooda sommar. 59£ take a different perspective in deal the projected tax went further be Gen. Motors 49 Shanghai dispatches state that ing with China. In this sense, the cause it included a vast number
Gen. Railway Signal financial and business circles there present visit of the Japanese Mis-
of firms not connected
with Gillette Safety Razor 28 welcome the visit of the Japanese sion is most welcome, they declare munitions who would be injured, Glidden, komeinter Mission. They hope that the talks
The Chinese-Japanese Trade As- rather than benefited by the Gold Dust m 44 will be effective in breaking the
407 deadlock in Sino-Japanese ecoto-sociation held a special conference armament programme. Shipping Goodrich (BF)
Goodrich #5 pl....... 34 mic relations. Shortly before Mr and reached a final decision on the companies. he asserted, were als-
convocation of its annual conven- | mayed by the prospect.
GoodJest
* 424 Yuki assumed the portfolio of
tion.. It also made the arrange- Finance, he spoke at the annual
ments for the welcome of the Ja- banquet of the Tokyo Chamber of Commerce and Industry, stressing panese Mission the importance of making a fresh
Mr. Kenji Kodama, has just been start towards Sino-Japanese ecoño-elected president of the Central mic co-operation. Now that Mr. Society of exporters' associations as Yuki is in power, enjoying as he is successor to Mr.. Yoshino who re- the full support of the nation, Chi- i cently resigned.
't ne Iter
PHILIPPINE MINING
NEWS
RH; Wygle resident engineer of the Dulanget Mining Interests Co. Inc., reported that develop ment work on the company's claims on Sibuyan taland, Romblon pro- vince is gaining headway. The as Lay office recently completed in the the samples property, assayed the taken from one of the tunnels and reported encouraging values.
A new tunnel has heen, started, directly across the creek from one
HIGH PERCENTAGE
He pointed out that income tax, plus the national defence tax, would 'aggregate as high as 45 per cent, and 75 per cent, where the surtax was payable.
......
The new tax would be most de-
Be a fatt÷8 €***
CONSIDERATION OF BUDGET
PROPOSALS BEGIN. IN EARNEST
would work in a number of ways and expressed the hope that the Treasury had taken to heart the mistakes learned in connection with the Maritime Excess Profits Duty, ta pa lang
PRA
13
DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE Sailings
Presidens Llown' frequens walltags undʻthalz-nakque stopovar privileges allow you; 30 travel just easily as you choose, and bollas Biosmanip Lines and American Modi Al worldwide offore and agento non mahtalned to derve '900 sahare in Whatever place you chance to be. Make your next trip marn adjoyable, laurelding fiche Fruidena, Line,vaga
TO SEATTLE, VICTÒRIA *THE EXPRESS ROUTE”
TO SAN FRANCISCO NEW YORK AND BOSTON
Tia Shanghai. Kobe, Yokohama, Honolulu, San Fransisco, Panama Ganal and HavaDE, Pres. Ecover Noon May at Pres. Lincoln 8am. May 19th Pres. Coolidge Noom June 3rd Pres. Wilson 8 am. Jubb 16th Pres. Hoover 'Noon June 30th Pres, Cleveland M'aight July 13th
Via Shanghai, Kobe and
Yokohama
Pres. Jefferson M'night Apr. Bård Pres. MaKinley Might May 7th Pres. Grant M'night May th Pres. Jackson M'aight Jane th Pres. Jeferson M'night and 18th Pr. McKinley M'night July 2nd
MANILA ·
THE MOST FREQUENT
SERVICE,
Next Sailing
9p.m
EUROPE, NEW YORK
Via Mandia, Singapore Femning,, Colombo, Bombay, Sugr Canal, Naples Ganos and Marjellies
Am. Apr 10th Pres. Foover
Apr. 24th Pros. Polk Prak érce Bam May 8th Pr. Folk 8. Apr: 95th Pres. Van Buren 8th. May rdPres. McKinley 6.80 p.m. May lab Pres. Garfeld 8am: June 6th Pres. Pierce 8am May 9th: Pres. Hayes 8am, June 10th Pres. Lincoln M'night May 11th Pres. Monroe 8 July 4th Pres. Grant Bp.m. May 15th
„MOST FREQUENT, BERFICE ON THE PACIFIC
DOLLAR STEAMSHIP. LINES * AMERICAN MAIL LINE
|- FADYER BUILDING— HONG KONG. DONG, CARTON;BRANCH ––91JTÉLYCH CONCESSION, BITAMKENU JAZADO"
38 USR At CONSIGNEE NOTICES.
CONSIGNEE NOTICES.
דיי,
SERVICES CONTRACTUELS DES MESSAGERIES MARITIMES
CONSIGNEE NOTICE,
8.8. "JEAN LABORDE
11 A/37. BRINGING CARGO Fox MARSEILLES, via Saigon, etc. ARRIVED HONG KONG ON FRI DAY, THE 16TH APRIL, 1937.
UNSIGNEES are hereby informed that their goods with the exception of Opium, Treasure sed Valuables are being la ded and stored into the Go down of Ho g Kong, Kowloon Wharf & Godown Coy Ltd, Kowhen, whence delivery may be obtained immediately after landing.
I.
All claims must be sent in to me on or before the 27th April, 1937, or they will not be recognizd
Damaged Packages will be examined
--NOTICE TO CONSIGNEES
7
OCEAN STEAM SHIP CO., LTD.
AND
CHINA MUTUAL STEAM NAVIGATION CO., LTD.
CONSIGNEEE per Co.'s Vessel
"ATREUS”
FROM UNITED KINGDOM VIA BINGAPORE
are haroby notified that their Onego will
Holt's be discharged into Whart, Kowloon, where it will lis at Consignees' risk and subject to Storage at Terms and Conditions Holt's Wharf. The Cargo will be ready for Delivery from Godown on and after 21st April.
Optional Cargo will not be landed here, unless Notice has been given prior to Veraal's arrival, but carried on from part to port to the final port of call
ith the option extends, All broken, chafed and damaged Goods where they
to which
by the Company's ·Surveyor, Mesin, are to be left in the Godown and
Goddard & Douglas in the presence of the Consignees at 10.00m.on That day, the 22nd April, 1937.
the
will be examined on any
Noor with in the Free Storage period. Friday between the hours of 10.45 4.
Consignees must have a Revenue
No Claims will be admitted after Officer in attendance when aty ditiable Goods have left the Vessel's Godown go da are examined by the Company's and all Goode remaining undelivered
after the Surveyors.
28th April; will be subject to No Fire insurance will be effected by Rent us in as y case whatever.
R. OEL, ⠀ Agent Beng Kong, 18th April, 1837,
All Claims against the Vessel mast be presented to the Undersigned en or before the 12th May or they will not be recognised,
No Fire Insuransa will be «flected.
BUTTERFIELD SWIRE
Agenta
(6910
21st April, 1937,
PRINCE LINE.
NOTICE TO CONSIGNEES,
CONSIGNEES' NOTICE. :
NEW YORK AND LOS ANGELES) ZAN ZE
KE
بین
THE Motor Ventoline
"CHINESE PRINCE".
having arrived to the Above Porta on 22nd Apr., Consignoms of Cargo are hereby informed that their Goods are being Jarled at their rlik" into the Godowns of the Hong Kong and Kowloon Wharf and Godown Company, Lamited, Kowloon, 'End stored st
THE BEN LINE STEAMEES, LTD.
From LEITE MIDDLESBRO', ANTWERP, LONDON AND STRAITS,
Tar 9.8. "BENRINNES."
at Conngnees riskONAIGNEES of Cargo ʻarb hereby
informed that all Goods are being
and expen led, and hiked toode i landed "ar their risk into the hazardous
لله
are to be left in the Godowas, where they will be examined on Wednesdays 28th April, 1957, at 10 AM) vde
All Olabar must be presented within 16 Days of the Vesper's arrival here, after which date. they cannot be pe
No Claims will be admisted after the
·Goods have left the Findowns, and ** Goods remaining undelivered after the 29th April, 1937, will be subject to Reat.
Nor Fire Insurazion has been affected.. Bills of Lading will be runterged
my na die halfe that the ge „FURNESS, (FAR-FAST) LTD.
And Floor Hongkong" & Shanghai Bank Building. Diala 28165,& 28169,- Kong, 22nd April, 1987,
which he thought was too wide and in connection with which, het belleved, the opportunity should be seized for securing a trade "greement with the United States.
Sir Archibald Sincials attacked Hong what he described as the Chan- cellors protectionist policy and indicated that the Liberals would have preferred strict control of armament prices: rather than a scheme of taxation which made the Government a partner in pro-
teerin
SINGAPORE, RAW RUBBER
(0919
(London, Apr. 21. The House of Commons began trimental to new firms: and he consideration of the Budget pro feared would act as a check upon posals in earnest to-day, the country's enterprise."
Bir Stafford Cripps, the, radical
Mr. Pethick Lawrence, for the Labourite, said the new Growth of Labour Party, wanted to know Profits Tax could be used by sub- how the Chancellor's plan for sequent Chancellors as a valuable national defence construction device in the period of transition from the present form of econo- my to a newer and better form
HB. JOSEPT. 09. 2 of the old tunnels to crosscut the He hoped that in years to come
Hong Kong, Apt 22. formation of the opposite hill. Mr. Chamberlain's example would
Bir Alan Anderson thought a Mesura H, B: Joseph & Góg re- Tunnel 13, a cross-cut driven ver- be followed and the tax would be pendicular to the strike of the veins come & fpermanent, Texture, by Sir Robert Horns paid a high measure such a the national deceived the following quotations has reached a depth of 100 feet which private industry would be tribute to the Chancellor's conduct rence contribution was shoolutely from Bingapore in Stralis Currency
In view of the steady develop-replaced, gradually by national and of the nation's Anarices during necessary twin the whole of the tor Raw Rubber:: ment work, 3, J. Danon, Dulaigan state-owned Industry.
this long period of orice. He had people were being called upon to general manager, and Wendell W. "It may be the device which will pursued a course of on and bear a heavy burden, although he Epot
LOT Fortis, consulting engineer, are enable us to terminate the capita rectitute, with the result that the admitted that the scher leaving shortly to inspect the 1st system much earlier than we country was the of the taxing excess profits, were full of claims. R. E Wilson, muperinten otherwise would have been able world
Robert
ever, was difficulty and danger and gener dent of the Antipóló Mining Com- to do.” suggested this reformer- critical of the Trop Madionaų | ally, unsdtlafactory pany, will accompany them.
Reuter.
defence contribution, the scope of British W
May-June July-Sept.
Mark
and/or arte hardous todowns' of the Home Korean KOWLOON WEARY ART
DOWN COMPANY, LTD., whence and/or from the wharess Delivery may be
chained"
No
Claims will be admitted after the Goods have left the Godowns, and all Goods remaining undelivered after the 28th April, 1937, will be subject to rent. All Ulaims against the Steamer muk before the 11th May, 1937, or they will -
presented to the Undersigned on or
not bei recognised.
Ee
To comply with the General Bonded. Warehouse Regulations consiguees mast bary a Horonda Officer in atten- dance when damaged dutiable, gooda are examined.
All broken, chafed and damaged Goods to be left in the Godowns, whers they will be examined on the 36th Apr," 1987, at 9 am, by Mesars. Carmickael & Clarke,
No The Insuranos has been affected. Bills of Lading will be countersigned by W.BLOXLEY & CO. (CHINA) LO.
15:09
„Agentagn
Hong Kong, 21st April, 1987 **
AUSTRIAN REPRESENTATIVES"
Vienna, April 21. Austria will be represented at the Coronation by Dr. Guido Schmidt Secretary of State for Forelen Astairs, and Count Hcroë, Fresident of the Federal Diet, and General Schillansky Transocean News Service.
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