1930-05-20 — Page 8

IT

STANDS

TO REASON

THE, HONGKONG TELEGRAPH, TUESDAY, MAY 20, 1930.:

1. That a beer which is British

brewed is best.

2. That a beer which is entirely

г

free from preservatives must be pure.

3. That a beer which is light is more satisfactory in the hot weather.

Therefore Try-

STAG'S HEAD.

LIGHT BRITISH LAGER.

GILMAN & Co., Ltd.

ད

WHOLESALE OR RETAIL.

Cool

and Refreshing

GOLD FLA SIGANEY

Brikiel & Longes

SOLD FLAKE

CIGARETTES

Chia Adranigalens de Terund by the Britickolaschen Teberm 5». Qui d

INTERESTING LOCAL BRIDGE MATCH.

CLUB DE RECREIO BEAT KOWLOON.C.C.

AMERICAN STOCKS.

CABLED QUOTATIONS FROM} NEW YORK.

The following quotations have boon.

Messrs. Hayden, Stone and Co., of

LOCAL DOLLAR PROBLEM,

CURRENCY COMMITTEE

NEARING END...

THE JADE TREE INO

MAIN SHOP

has removed to the Arcade

A very enjoyable bridge match be received from their correspondents A meeting of the Currency Com- PENINSULA HOTEL

tween the Kowloon C. C. and the Club de Recreio took place at the K.C. C. on Saturday night, resulting in a victory for the visitors by 653 points. There was only one point in

until the last game,

it

to the Recreio by 652 po went for cable mutilations.

There were four pairs on each side The

Acores are given beloty:

E. Abraham and L. Jack (K.C.C.) beat G. Machade and J. Ribeiro 997 points, beat J.J. Basto and Rosario 703 points, beat A. H. Basto and G. Ribeiro 14 points, lost to J. M. A. Hasta and E. V. M. R. de Sousa 556 points.

B. Petheram and C.

Tacchi

Now York, by Messrs. Swan, Culbert-mittee was held on Thursday, the son and Fritz, Sassoon House, Shang- 15th of May, 1990.

(cable, address: "Swanstock," Mr. A. Stokkink (Acting Mana- hai Shanghai), who are not responsible ger of the Netherlands Trading Society) attended to give evidence, New York, May 19. but made it clear that he was do- Tone of Market-Wenk.

ing so in a privata personal capa- No. of Shares danc.-2,500,000.

city and not as representing his Call Money36. American Smelting

bank. Anaconda Copper Baltimore & Ohio Borg Warner Chrysler

City Service Common Curtis Wright Common Eastman Kodak

Electric Bond & Share Eric Railroad

S. G. Hayes and E. R. Price lost to Machado and J. Ribeiro 149 points, lost to J. 3. Basto and Rosario 651 lost to A. H. Basto and G. beiro 652 points, lost to J. M. A. General Motors Basto and Sousa 556 Po

Gold Dust General Railway Signal Goodyear

Tire &

& Rubber Granby Consolidated Hudson Motors International Cement International Nickel Montgomery

(K.C.C.) lost

lost to Machado and J.

Ribeiro 757 points, beat J. J. Buste and Rosario 790 points, lost to A. H. Ensto and Ribeiro 321 points, beat J. M. A. Baste and Sousa 542 points. P. W. Ramsey and J. C. Lyal (K

C.) lost to Machado and J. Hibeiro 256 points, beat J. J. Basto and Rosario 1,154 points, lost to A. H. Basto and Ribeiro 793 points, Jost to J. M. A. Basto and Sousa 581 points.

Totals Club de Recreio, 4,983 points; K. C. C, 4,330 points."

SHARE PRICES.

TO-DAY'S QUOTATIONS.

The following is the list of tocal share quotations issued to-day:

... Banks.

Hongkong Bank, $1435 n. Chartered Bank, £17 n. Mercantile A. & B., £307. East Asia $119 b.

Insurances. Canton 18., $945 BL. Union Ins., $484 sa. North China, Ins., Tla. 160 Yangteze Ins., $50 m.'- China Underwriters, $1.85 b China Fires, $365 b.

H. K. Fire Ins,, $930 b.

Shipping.

Douglases, $224 n.

H. K. Steamboats, $261 b. Indo-Chinas, (Def.) $43 n. Union Waterboats #33; b.

Mining.

Benguets, $i b.

Kailans, 41/3 n..

Langkets, Tis. 13.10 n.

S'hai Explorations, Tls. 1.30 n.

Raubs, $81.8.

Tronoha. 21/- a.

Docks, etc.

Kowloon Wharves, $181 Whampoa Docks,. $40 b. China Providents $6 10.8. Hongkews, Tla 260 b.

58.

New Engineerings, Tls. 8 b. Shanghai Docks. Tls. 133 n.

Cottons.

Ewa Cottons, Tls. 14. a.

S'bai Cottona, Tls. 82 (old) b.

Lands, Hotels, to

H. and S. Hotels. $12 80 b. H. K. Lands, $82 b. S'hai Lands. Tls. 272 b. Humphreys, $151 b. Realties, $11. sa. Chinese Estates $98 4.

Public Utilities.

Tramways, $20.85 88.

Peak Trams (old) $1150 b.

Star Ferries, $86 8.

China Lights, (Old) $282 b.

H. K. Electrica, 879)

b.

Macao Electrics, $23 m.

Telephones $14. so.

China Buses, Tls. 197 b. Singapore Tractions. 10/- 赞 Industriala.

China Sugarė, $1,10: s.

Malabons, $27 n.

Cald: Macg. Ord: Tls. 10.70 m.

Canton Ices, $2.50 I.

Cements (Comb.) $16.35. b.

Ropos $9.10 n.

United Asbestos $5 b.

Stores, etc.

Dairy Farins, $26.70 b.

Watsons, $12

b.

Der A. Wings, $1 h.

Lane Crawfords, $3.70 sa. Mackintoshs, $18. n. Bincares, 812 D.

Miscellaneous. Amusements, $201 · b. Constructions, 31.70 b. B'que Ind. G. Bonds, 69% H.K.G. Loan 81% Prom Ex. Int.

b.

Objection was raised at a meet- ing of Southend Town Council to the employment of two. : plain- clothed beach inspectors for the summer season. - Mr. Tom Tyler suggested that if the men were not in uniform it might open the way for a system of blackmail on the beach, as some people might be tempted to pretend to others · that they were plain-clothed in- spectors. It was pointed out that the main duties of the plain- clothed inspectors were to prevent damage to Corporation property. and to prevent pilfering from yachts. The Council decided that inspectors should be employed and that they shouldnot wear uniform.

Ward Nevada Consolidated Copper Radio Sears Roebuck

edio Corp. Simmons Company Standard Oil Co. of New York UnUnion Carbide & Carbon United States Rubber United States Steel

LAWN TENNIS.

DIOCESAN BOYS DEFEAT ST. PAUL'S.'

TO

59

In Mr. Stokkink's opinion, the 115 currency used in Hongkong and 36 based on silver is under the cir

Kowloon.

JUST ARRIVED

New

Consignment PEKING RUGS

31 cumstances the most suitable for WONDERFUL ASSORTMENT

35 the trade of the Colony. The pre-

I sent situation in regard to it must,

240 however, be considered unsatisfac-

tory because

20

48

48 (a) of the fluctuations' to which the price of silver is liable, the risk attending which can, 33 however, be practically eliminated 23 by fixing exchange in time;

(b) of the fact that there is 66 an incalculable premium on Hong- kong currency above the highest 43 silver point, which premium has not yet been effectively controlled. and

84

.ing. 169

(c) because there is a dis; count on the legally recognised coined silver dollar compared with' the local bank note.

With regard to remedies he con- sidered that as Hongkong should not change to any other standard so long as China remains on a' silver basis, no remedy for thei fluctuation in the price of silvery" could be attempted. The premium on Hongkong currency, however, was most unfortunate, as it in- volved the China merchant in a A tennis match was played on was therefore detrimental to the still further exchange risk, and the Diocesan Boys' School Courta yesterday, between the Diocesan Prosperity of the Colony. At least (and Boys School and the St. Paul's suggestions were offered) to pre

something should be done College. The former won,

vent the severe fluctuations in scores being:

the Chan

this premium, and to bring Chung hon and R. Kavarana (D.B.S.) last. to Mok as nearly as possible to its silver Hongkong dollar gradually down Fuk-in and Tag Hak-on, 4/7; beat basis, thus eliminating the addi- Tsui Hung-pai and Hing On-tak, tional risk which tended to divert 8/3; lost to Andrew Wong and Luk trade to Shanghai, Jun-cheung, 5/6.

A measure to control the pre- Chia Wan-ho and Tsui Tat (D.B.mium (of notes over silver coins) S.) beat Mok Fuk-in and Tso Hak would be that the Government on, 7/4; beat Tsui Hing-pui and should take over the superfluous Hing On-tak, 9/2; beat Andrew coins and prohibit the further

་

the

OF MUSIC.

Latest Dance Music. Chamber Music, Light Piano Music. Teaching Music. Classical Music. Classical Songs. Latest Orchestrations.

Instrumental Music. Saxophone Music.

Band Music.

SOMETHING TO SUIT

EVERYONE

at

•

TSANG FOOK PIANO COMPANY:

8, Des Vœux Road Central

(Entranca Ice House Street) Telephone 24848.

Wong and Luk Jun-cheung, 10/1. importation of British dollars, ing and is supported only by non-

Chow Kun-hung and Chan Chin- whereby all inducement to further trading interests. tim (D. B.S.) beat Mok Fuk-in and minting would stop.

The Committee thanked Mr.

Tso Hak-on, 6/5; beat Tsui Hing-1 The remedies outlined above Stokkink for his assistance and pul and Hing On-tak, 7/4; beat would give all the stabilisation valuable suggestions. Andrew Wong and Luk Jun-cheung,

6/5.

Total: D. B. S. 62 games; St. Paul's College, 37 games.

that trade requires. Any further The Committee has now amate-

proposal for stabilisation by way ed practically all the evidence re- of introducing a gold standard is quested and offered and is pro- pot to be favoured for the time be-lceeding to the Report stage,

W

$150.

will bring this

GENERAL

ELECTRIC

ALL-STEEL REFRIGERATOR

to your home:

Further small monthly payments will make you a proud owner.

NO OWNER OF A GENERAL ELECTRIC REFRIGERATOR

EVER SPENT A CENT ON REPAIRS.

On View at

Wm. C. Jack & Co., Ltd. Hongkong Electric Co.

The General Electric Co. (China), Ltd.

ANDERSEN, MEYER & CO., LTD.