1939-02-08 — Page 13

HONGKONG DAILY PRESS

BANKS

HONGKONG AND

SHANGHAI BANKING

CORPORATION“

Authorized Capital $50,000,000

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

Issued & Fully Paid-Up 20,000,000 || Incorporated by Reyal Charter, 1833

Reserve Funds:

Sterling

....£ 0,500,000 HEAD OFFICE: LONDON

38, Bishopsɣate EC.2. .820,000,000 Paid-up Capital

H.K. Currency Reserve $10,000,000 Reserve Liability of

Proprietors

Head Office:-HONG KONG

Reserve Fund Reserve Liability of Pro-

prietors......

£3.000,006 £3,000,000

£3,000,000

Board of Directors.

T. E. Pearce, Esq., ChairmaAH V Hon. Mr. J. J. Paterson,

Deputy Chairman.

W. H. Lock, Exq..

G. Miskin, Esq.,

K. S. Morrison, Esq.,

Hon. Mr. A. L. Shields.

MANCHESTER BRANCH:

71, Mosley Street, Manchester. :

1.

AGENCIES AND BRANCHES:

HONG KONG PENANG ILOILO

SANGOON SPOR

SAIGON KARACHI SKREMBAN KLANG

SHANGHAI KORI

YINGAPORE KUALA

SITIAWAN

J. K. Bousfield, Esq.,

A. H. Compton. Esq.,

Hon. Mr. B. H. Dodwell,

ALOR BTAR AMRITSAR

BANGKOK BATAVIA

BOMBAY CALCUTTA

CANTON CAWNFORE

LUMPUR KUCHING

MADRAS

MANILA

MEDAN

H. V. Wilkinson, Esq,

Sir Vandeleur M. Grayburn,

Chief Manager. | CRRU

Amey

Branches:- Iph

Penang

Bangkok

Jotiore

Batavin

Kobe

Bombay Calcutta

Kowloon Kuala

Rangoot: "Buigon

San

Canton

Chefoo

Culembo

Dairen

Fonchow

Francisco Lumpur Shanghai Loodor Singapore Lyons

Sourabaya

Malacca Sungei "Manila Patani

Swatow

Haiphong Muar.

Bamburg

(Johore) Tientsin

Bankow Mukden Tokyo

Harbin New York Tsingtao Hongkew Peiping Yokohama

Iloilo

opened

in

Current Accounts Local Currency and Fixed Deposits received for one year or shorter periods in Local and other" Cur- which will be rencies on terms quoted on application.

Also up to date Safe Deposit Boxes in various sizes To Let

Hong Kong 7th October, 1938.

HONGKONG SAVINGS

BANK

The Business of the above Bank conducted by the HONG KONG

A SHANGHAI BANKING COR- PORATION. Rules may be ob tained on application,

For the Hose Kono & SHANGHAL BANKING CORPORATION,

V. M. Graybarn,

Thief Manager.¦

Hong Kong, 7th October, 1938,

BANK OF EAST ASIA.

LIMITED

Authorised Capital $10.000,000.00 -8,598,600.00 Paid-up Capital ................. Heserve and Undivided

I'routs ...

2,774,726.78)

Head Office: HONG KONG

No. 10. Des Voeux Road, Central.

Board of Directorn: «

Sir Shruson Chow, Chairman Li Koon Chun, Esq. Li Lan Sang, Esq. P. K. Kwok, Esq. WongChuSon, Kaq. Wong Yun Tong, Esq. Kan Ying Po, Esq. ChanChingShok, Esq. FungPing Wah Esq.

Kan Tong P, Esq., Chief Manager. Li Tse Tong, Esq., Manager.

Amoy Batavia Bentley

·Dalchtim Ountoa

Branches and & pencias :--

•Kanfoon

Leccion

Manila

Герал

Ranger Salon

Melbourne Ban Pran

Nagasaka

New York

Haiphong Hankow Novolala Parka Kobe

Pelpin

COLOMBO DELHI HAIPHONG

HAMBU KO HANKOW BABBIN

BOURABAYA

TAIPING

TIENTSIN

TONGKAH

(Bhuket)

NEW YORK TSINGTAO

YOKOHAMA

PRIPING

(Peking)

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT ACCOUNTS opened and |FIXED DEPOSITS received for One Year or shorter periods at rates which will be quoted on application.

The Bank's Head Office in London 'undertakes Executor and Trustee business, and claims re- covery of British Income TAX Joverpaid, on terms which may be ascertained at any of the Agencies and Branchen.

1. A. CAMIDGE,

Manager.

THE CHASE BANK

15, QUEEN'S ROAD CENTRAL

HEAD OFFICE:

PH. PINE STREET,

NEW YORK.

H. K. STOCK

EXCHANGE

Feb. 7.

GENERAL

AMENDING LAW OF LIBEL

Market was steady and a smail Bill To ProtectTM All

amount of business recorded.

BUYERS

Hongxong Bank, $1390

Bank of East Asia, $84. Union Ins, $462

China Underwriters, 40.53. H.K. Fire Ins., $175. Douglases, $65.

H.K. and K. Wharves, $116. Providents (Old), $8.35. Providents New), $6.20. H.K. Lands, $36.35. Chinese Estates, $87. H.I. Tramways, $17.35. Yaumati Ferrics, $22). Macao Electrics, $171. Sandakan. Lights, $10. Telephones (Old), $23. H.K. Rupes, $4.1). ...Wing On (H.K.), $38.

Entertainments. $7. Marsmans (HK), 2.6.

SELLERS

Hongkong Bank, $1420. Canton Ins., $220. Unton Ins.. $467. H.K. Lands, $361. Humphreys, $91, HK. Realties, $5.65. H.K. Tramways, $11.50. HK: Electrics, $58). Cements, $161.

SALES Hongkong Bank, 31410. - Bank of East Asia, $85, China Uacerwriters, 50.55 H., and K. Wharves. $116 Rauhe, $7.88.

H.K. Lands, $364.

H.K. Tramways. $17.40. H.K. Electrics, $58.35. Dairy Farms, $23,

די

PHILIPPINE MINES Antamoks, Ps. .42 Atoks, Ps. 35, Baguio Gold, Ps. .26. Benguet Consolidated, Ps. 13.80. Coco Grove. Ps. 461. Demonstrations, Pa. 20. IXL, P. 65.

Paracale Gumaus, Ps. 12. San Mauricio, Ps. 12). Suyoc, Ps. 22.

United Paracale. Ps. 66.

An American Bank offering coHONGKONG

pleto Foreign Banking Service

in the principal Markets of the world.

Interest Rates on Application.

SAFE DEPOSIT BOXES

This Banks entirely owned by THE CHASE NATIONAL BANK, NEW YORK, with Resources over IT.S. $2.500,000,000.

D. M. BIGGAR,

BANK OF CHINA

SHAREBROKERS'

Writers

The private bill,to amend the Lay of Libel

and Slander, is sponsored by the Empire Press Union in close co-operation with Mr. A.P. Herbert, M.P.. and stands in the name of Sir Stanley Reed. MP.

The Empire Press Union states that the bill is in no way design ed to weaken the

protection which the law of libel gives to the mere neWi- citizen. Nor is it a Daber bel

It is designed to give all who are concerned with the craft of and the pen, including authors

security newsvendors, reasonable

of "gold-dig- against the class

who up. gers" that has sprung bring trumpery bel actions in obtaining some the hope of damages, and are in

posi. costs involved tion to pay the If they fall.

до

SAFEGUARDING NEWSAGENTS

The b provides that news vendors shall not be liable to pay of publica- damages respect tions distributed by them if they did not know that the publica- tions contained a libel. unless they knew. or ought to have known, that any of the publica. tions were of a character

I to contain a libel.

uke-

An important provisa that a plaintiff in an action for libel or slander shall not be entitled to recover general damages unless he gives evi- dence that his reputation has suffered or may suffer. This secures that plaintiff's shall at least give evidence before they recover damages, and be cross-examined," subject

to

the direction of the Judgė. Sections five and six extend privilege" to all reports of meet- Inks to which the public are ad- mitted, including meetings of publte public companies, and to documents.

SUCCESS OF CUT IN HOMEWORK

Better Results In Examinations

The question of homework or no homework is revived by Mr. R. E. Knowles, headmaster of Winder- Grammar School, in mere Westmorland.

He has just reported on what he calls his

no "long term homework plan" and its effect on the school certificate examl- nation results. Under Mr. Knowles's system boys entering the school do no homework at all for the first three years, and afterwards only one hour per night.

"The examination results were better than they had been for 12 years," he says. "The number of boys' who this year obtained A and B credits with distinction WAJ double that of "revious years. Not only did more boys get through. but the percentage of marks was higher.

"We have now conducted cur experiment long enough to prove that the homework system prac- tised in many schools is vicious."

4.m.

Mr. Knowles said that the normal school hours were from 9 to 4.35 p. m., with breaks. totaliing

1 hour 50 min. a day.

"ONE HOUR ENOUGH The scheme was commended by Sir Cyril Norwood, formerly headmaster of Harrow School and now president of St. John's College. Oxford.

"I think Mr. Knowles has got a good plan." he said. "Certainly, one hour a night for homework is long enough for any boy up to the age of 15. In the past it has been customary to give boys work which would have taken them from 2 to three hours, which was far too long.

**Even to-day the general

is practice

to set too

much homework. I know one or two schools in which homework has been abolished altogether, but I do not know what the result has been in examinations."

DOMINION INTEREST

A master at Cranbrook School. Clause 9 provides that a plain ti in actions for libel or slander Kent, said that, while they had not adopted so revolutionary a shall not recover more costs than damages, unless the judge makes plan as that at Windermere, they

contrary, ASSOCIATION an order to the

This had greatly reduced the hours is designed to discourage trum devoted to.. "prep." For instance, Volume of Business Transacted

while the secondary school scheme "pery actions, and in no way pre-

inr. on Tuesday. February 7

for preparations allowed Judices the bona fide plaintif

20 mins. No. of

Another provision

a day, at Cranbrook t abolishes Shares Price

written the distinction between 5-$1.410.00 and spoken defamation as regards

23.00

the necessity of proving special damage.

It is hoped that the House will give the bill second reading

and rewilt it to a strong Commit- tee representative of all partles in Parliament. Some of the

Closing Philippine prices yester-Dominions, it is added. are look-

STOCK

HK, Banks

Dairy Farms

100

Underwriters

500

.55

Underwriters

1,500

Manager.

Underwriters

2,000

.56 .58

Antamoks

30C

Ps. 43

CLOSING PRICES

day were:

་

Antamoks Atoks

.42

35

Baguio Gold

26

Benguet Consol.

13.80

ing to the bill as providing model on which a common law of libel and slander for the

establish whole Empire" can be ed.

7

Coco Grove

465

Demonstrations I. X. L.

.205

.05

.125

1.76

22

.86

Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE

BANK PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA)

Owing to our numerous Branches in China and connections in the principal Commercial Centres of Aydney the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange.

Pourabaya Bwntow

Kalhoks cisco Tintain Beatde Tokyo Be

Vancouver Yokohama

Shangha Hingapor

Head Office: SHANGHAI

Hong Kong Branch:

Every description of Banking

4, QUEEN'S ROAD, C. and Exchange business transacted.

South China Officer: Loans granted

approved on

CANTON securities.

Current Accounts opened in Local SWATOW Currency and Fixed Deposits re- SHIUCHOW ceived for one. year or shorter periods in Local and Foreign, Cur- terms which will be rencies on quoted on application.

Safe Deposit Boxes To Let

KAN TONG PO.

Chief Manage.

THE MERCANTILE BANK OF INDIA, LIMITED

Head Ofco-15, Gracechurch Street,

London, E.0.3

Aviborised Capital

Subscribed Ospital

Paid-up split..

Reserve Fand and Best,

BANKERS

€1,800 £1,050,000 1,217,830

The Bank of England and Midland

Bank, Ltd. BRANCHES:

Bangkok

Fombat

Madras New York

Osicutia

Handy

Delli

Kel hern

Penang Bangoob Shangha

Kuala Lipis

Simla

Hongkong

Kuala Lumper

Singapore

Howarh

Kale Trenucia

Calomho

Challe

Karachi

HONGKONG BRANCH.

Pyry verilen af Banking and Exchange anime transactivi,

Travelier Chequine tested,

TRUSTEE AND EXECUTORSHIP UNDERTAKEN.

CURRENT 4000UNTS opsed in Loos! Our ry and MIXED DEPOBrit received in Local Currency, STERLING & U, 8. DOLLARS on terha that may be moraled on application.

D. BENSON,

KONGMOON TOISHAN KINGCHOW We also handle the

issue of Bonds and other Public Funds of the Chinese Government both at Home and Abroad.

SHOU

CHEN,

Manager

DONT FORGET

THAT

WHEN

You are at Home you can get the HONG KONG DAILY PRESS at SELFRIDGES.

Paracale Gumaus San Mauricio Suyoc Consol. United Paracales

The market was quiet.

TRAMP BECAME

A MINISTER

Now Offers Advice

On Workhouses

"DOUBLE" AIR RECORD

Award To R.A.F. Pilots

WEDNESDAY, FEBRUARY 8. 1939.--PAGE 13

ΤΟ

#

PRESIDENT LİNER

Sailings

SHANGHAI

thence to Kobe, Yokohama, Honolulu,

San Francisco & Los Angeles.

S.S. PRESIDENT COOLIDGE

Sails February 11th

at 6 P.M.

"

AMERICAN PRESIDENT LINES, LTD.

ROUND WORLD SERVICES 12, PEDDER ST.

TEL. 28171.

THE BEN LINE STEAMERS, LTD.

S.S. "BENLAWERS'

Sailing

ROTTERDAM,

for LONDON, ANTWERP, HAMBURG and LEITH on or about the 9th February, 1939,

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

For Freight and l'asuage apply.

to the Agents:

W. R. LOXLEY & CO., (CHINA) LTD... Tel. 34165

was confined to four days a week, CONSIGNEES' NOTICES

and was so arranged that even the "slow boys" were not over-

taxed.

"Moreover," he added. "we have had поге examination successes since we reduced prep' hours."

.

THE OTHER SIDE

The headmaster of an Essex public school was critical of Mr. Knowles's plan.

"At this school." he said, "we had"

PRINCE LINE.

NOTICE TO CONSIGNEES.

FROM NEW YORK, LOS ANGELES & SAN FRANCISCO.

Motor Vesol

45 boys entered for the schoolTHE MOVANESE PRINCE"

certicate examination this year and 41 passed. A few years ago, we 'had ti pasaca out of 41 hoys entered,

"I believe in the usefulness of homework. The junior forms are given one hour a day, the middle forms 14 hours, and the senior boys two hours, and, personally I see no reason to depart from this practice. I do not think the time excessive."

having arrived from the above Porte on 8th instant, Cormgness at Cargo an hereby informed that their Goods are being landed at their risk into the Godowns of the Hong Kong and Kowloon Wharf and Godown Company, Limited, Kowison, and stored at Consiques risk and expense.

York Building.

HAMBURG-AMERIKA LENTE

NOTICE TO CONSIGNEES

THE M.VRE

RHEINLAND" having arrived from Hamburg and Ports of call, Consignees of Carge are bereby notified that their goods are being landed and placed at their risk into the ng Kong & Kowloon Wharf & Godown Company's godowns at Kowloon, where delivery may be obtained as soon as the goods are landed.

Optional cargo will not be landed bere, unless notice has been given 48 hours prior to vessel's arrival, hat carried on from port to port to the firal port of call to which the option extendia

No claims will be admitted after the Goods have left the Godowns, and all All broken, chafed, and damaged Goode goods remaining undelivered after the are to be left in the Godowns, where Eth Feb, 193 will be subject to they will be examined on Saturday,rent 11th inst, 1938, at 10 A M.

All Claims must be presented within 15 Days of the Vesaci's arrival here, after which date they cannot be re cognized.

Ne Olaims will admitted after the

All broken, chaled, and damaged Goods are to be left in the Godowns, where they will be examined on 7th Feb, 1939, at 10 am. by our Sur- veyors Mesars. Goddard and Douglas

To comply with the General Bonded

'sal record as CONSIGNEES' NOTICES be done, and all Warehouse Regulations consigncen

For the first time in aviation history a world's air record has been officially pilots of two different aircraft at the same time.

Notice was received recently by the Royal Aero Club from the Federation Aeronautique Interna- The Rev. Norman Bdrms, minis-Linnale, the governing body for all ter of lehurst Methodist Church. world's air records, that both Kellett and near Keading, surprised a gathering Squadron - Leader of homeless. men

in London Flight-Lieutenant A. N. Combe had recently by revealing that he was been granted the world's "Distance himself once workless and "on the en ligne droite sans escale” record. tramp."

In Royal Air Force Wellesley **Ten years ago," he said, "I was monoplanes, these pllots, with their on the Embankment myself. There crews, flew from Ismailia to Port is hardly a spikę (workhouse) in Darwin non-stop in November." all the big cities in England thatị The distance oficially accepted I have not been in, and if you for this "double" record, which is

want some information about the the Great Circle distance and

best of thein I will give it.

shorter than that actually fośn is "I have tramped England twice 11.520421 kilometres, or approx- and been over to Ireland as well. mately 7,159 miles.

Mr. Barns

1n

to

SERVICES CONTRACTUELS DES MESSAGEKIES MARITIMES

CONSIGNEE NOTICE.

"ATHOS 11"

TA/39.

8.8.

BRINGING CARGO From MARSEILLES via SAIGON, etc. ARRIVED HONG KONG 68 TUESDAY, 1*1 779 FEB., 1939,

that their goodi with the exception MUNSIGNEES are hereby informed of Opium, Treasure and Valuables are being landed & stored into the Godowns of the Hong Kong, Kowloon Wharf Godown Co., Ltd., Howlcon, whence be obtained immediately delivery may

after

All must be sent in to me on or before, the 17th Feb., 1939, Or they will not be recognized.

Damaged Packages will be examined by the Company's Burreyor, Mesars. Goddard & Douglas in the presence of the Consignees at 10,00 am, os Mon- day, the 13th Feb, 1939,

but do not go there, because they Another curiosity about the new rotten spikes."

official acceptance is that the sald afterwards previous holder was also a British "Ten years ago I was on tramp. plot (the record is attributed to Eventually "I came contact the pilot), Fight-Lieutenant E. A with a number, of business men in. Hogan, who, in the third Wel- Newcastle, who sent me a lesley, flew 10.716.448 kilometres, Methodist college.. I went to New-6.650 miles. foundland to fill an emergency He beat the Russian record held appointment in the ministry. by Colonel M. Gromov, but his re- Later I attended McGill University cord was itself beaten a few hours and fulfilled a travelling ministry later by the other two British in Canada and Labrador, I entered pilots. The consequence was that the English ministry last year." Flight-Lieutenant Hogan held the Mr. Burns was speaking at the world's distance record while the annual Absent Guest dinner at the other two British machines were Church Army Hall, Waterloo-road, still in the air, and lost it when Hong Kong, 7th Feb., 1939. 8. E.

they landed.

Consignees must have a Revenge Officer in attendance when any dutible goods are examined by the Company's Surveyors.

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

B. OHLA

Agent.

[108

Goods remaining undelivered after the 11tb inst, will be subject to Bent.

by

No Fire Insurance has been affected. Bill of Lading will be countersigned FURNESS (FAR EAST), ITD.,

2nd Floor, Hongkong & Shanghai Bank Building Dials 23:185 & 23189. Song Kong. 6th Feb., 1939,

|

[108]

must have a Revenue Officer in attendance when damaged durable goods are examined

All claims must reach us before the 8th Mar 1839, or they will not be recognized.

No Insurance will be effecten. Bills of Lading will be countersigned by

JEBSEN & 00., Agents.

Hong Kong, 2nd Fab., 1929.

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