1932-07-14 — Page 7

! BIG HOPES FROM

OTTAWA

FINE SEND-OFF FOR

DELEGATES

London, July 13. The British delegation to the Imperial Economic Conference at

FRANCO-BRITISH

AGREEMENT

(Continued from Pape 1.)

THE HONGKONG TELEGRAPH. THURSDAY, JULY 14, 1932.

of

of the a part of the final act Lausanne Conference, the signn- tory Powers express the hope that the task there accomplished will be followed by fresh achievements. They attirm that further success Ottawa embarked for Canada in will be more readily won if the the Empress of Britain at South-nations will ally themselves to

the new effort in the cause ampton this afternoon.

pence, which can only be complete The Empress of Britain, which if it is applied both in the econo- #pheres, was given a rousing send-off, mic and the political

In the same document, the signa- inten- was gaily dressed, every flag

tory powers declare their the Empire being displayed tion to make every effort to re- and streamers trailing from hor solve the problems which exist, or may arise subsequently, in the decks.

spirit which has Inspired Lausanne agreement,

of

Including experts, officials and secretarial staff, the British de-

141 legation numbers

persons. Forty-six members of other pire delegations to Ottawa niso aboard,

the

"In that spirit Hla Majesty's The famous Coney Island beach. In the background is the pler at 'the

entrance to the fire-racked amusement park. Government in the United King- dom and the French Government Em-have decided to give the lend in are making an immediate and a mutual the contribution to that end on following lines:-

Mr. Before the vessel nailed, Baldwin, in an interview, said:—

We "After Lausanne, Ottawa, are leaving full of hope that we shall be able, an a further step towards the revival of the trade of the world, to crown the first year's work of the Nallonal Gov. Oltawa ernment by agreeing at upon a policy of freer trade which Foundations Di ተነ will lay the great expansion of Empire trade, to the mutual advantage of us all."

British Wreless,

ALLIED LOAN TO AUSTRIA

BRITISH ADVANCE

REPAYMENT

London, July 13.

Firstly, in accordance with the spirit of the Covenant of the League, they intend to exchange views with one another with complete candour and to keep each other mutually informed of any questions coming to their notice similar in origin to that

CORRESPONDENCE.

Reading of History

[To the Editor, Hongkong

Telegraph.].

Sin-With regard to the article. now so happily settled at Laton Page & of your issue of Wednes sanne which may affect the day, entitled "Where is Modernism European regime. It is their Leading Us?", signed by "Inquir» their hope that other Govern- er," the writer does not Rive ment will join its adopting this authority for such an article, Para- procedure.

graph 2 states, "after work the correspondence," ete. Secondly, they intenst

de correspondence, may ask? together and with the other legates at Gense to find a solution far we are in the dark for want of the disarmament question which of bibliography. will be beneficial and equitable; Then again. "students of Mi- [for all powers concerned,

to

WORLD CONFERENCE.

studying

What So

Thraism" coupled with "histori ai evidence," shows that the writer has only had a cursory glance at Thirdly, they will co-operate || history, or "taken in a little" from with each other and the other in-those who have been converging on forestrul Governments in the care the subject. Noteworthy is thel

of mention of Empress Helena, the ful and practical preparation The world econanie conference, mother of the murdered Constan-

thie.

Fourthly, pending the negotia- tion at a later date of a new com Constantine 1, or Grent, so far) mercial treaty beween their twojas I remember, died peacefully in Major Elliot, Financial Serre-countries, they will avoid any his bed in Nicomedia in a. D. 397, tary to the Treasury, in the House Faction of the nature of discrimina and was thereon baptised." Be-i of Common to-day, said the de- tion by one country against the lena, a guttersnipe, althougit

after years beatified, yet became fegation of the League of Nations interests of the other". Financial Committee and Govern- In referenze 16 disarmament, the wife of Constantins and con- ment experts held further meet.Sir John Simoni said that Britain sequently was the mother of Con-

in-stantine. ings during the session of the had already announced, her

Lausanne Conférence. completed their work.

Land and

DIRECT INVITATIONS.

to co-operate tention

with the United States in the work al

He was now returning Genevi the Geneva to help in working on the They recommendlert that British, French, Italian and rer-princples of the, Houver proposals, tain other Governments should guarantee tonns to Austria to A total of approximately £9,000,000, The guarantee of the British Government would be limited to au issue on the London market of the equivalent of one hundred million Australian gold schillings.

in

-

Once a writer has made a mis take in history, no matter how small, the public should be formed that his opinion trustworthy and he should no longer be permitted the use of the columns of the Press,--Youra, etc..

"TUBE”

MEANDER.

LET-1

Paragraph Four of the announce- ment made refers to Anglo-French commercial relations, pending discussion of a commercial treaty between France and Britain, b| SAFEGUARDS ON THE the other three paragraphs, said The proceeds would be used to Sir John Simon, were proposals to repay the advance made by the the other principal Powere Bank of England Inst year in anti-Europe.

ipation of the issue of a loan by Austria.

dealt The question would be with by the Council of the Lougue within the next day, or two. -- British Wireless.

DOLLAR SLIGHTLY

DECLINES

REFLECTS LOWER

SILVER

In sympathy with a decline in silver prices, the Hongkong dollar dropped 1/8th this morning to 18. 3.1/8d. The local markel remains lifeless,

operated both ways. There Was

in

of

IMPORTANCE OF THE

He added that he had to-day

PRIP of Ger en the representativeR many, Italy and Belgium and in

Colonel Trench, of the Muis-) ach case had-handed a copy the shove nanoancement.

extend of Transport, recently held un inquiry into the circumstances of ing to their governments an inthe slight collision between

i wis themselves vitation to associate

trains on the Picendilly line with th

Hammersmith. Wireless.

declaration-British

NEW YORK STOCK EXCHANGE

A. O. F. C. QUOTATIONS FOR YESTERDAY

at

Motorman H. Edwards said that he took his train into the siding

at Hammersmith by No. 30 signal.

He stopped a few moments, and then glanced up and saw No. 32 B signal. "I opened up." he ‡nded, "and proceeded on what I afterwards found was my wrong singal"

He got a "trip" an automatic application of brakes), but thought New York, July 13,

Telay'sit was a failure, as he had heard Last Average Average there had been a number of de-

the fective "trips" since working at Hammersmith.

42.68 14.20 17409

4

new

14.88 36 Industrials

14.70 In London, ailver dropped Rails

17.08 China 3/16ths. India sold, and

20 Utilities

Mr. G. H. Thomas, Superinten-i Messrs. E. A. Pierce & Co. report: Th market IN strong. Business dent of the Line, said that it was true there had been a number of Today's "trip" failures since the

werk, but they had álf heen on the safety side.

small business. After the official Bone: 1.000.000 shares. fixing, the market ruted quietly

1/8th in silver prices, with the

382

1.ant

stendy, with America holding off.

New York reports a decline of Air Reduction

Price

$:3

Price 5065%

Allied Chemleal &

market dull. The cross-rnte in 3.54%.

Dye American Can

ABAS

32%

American Tel. & Tel

77%

Amr, Tobacco "B" 15

5-16

Auburn Borden

52%

5255

Company 21 Canadian Pacific

224 1014

Cangolidated Gas of

New

New York

Drugs, Inc. ******

273%

383

Pont de Nemours

་་

235% 8714

25%

10

211

2244

General Motors Inter. Harvester

8

8%

11

13

Inter, Tel. & Tel.

45%

Liggett & Myers "B" 42% Low's Inc. Pacific Gas & Elec. Pennsylvania Inil-

43

15%

10

19%

20

-way

716

776

Railin Corporation Seara Roebuck Standard Oil Co. of New Jersey .. Socony Vacinam

1

11%

12%

2514

26

Corp Union

Inion Carbibe &

Carbon

716

71

16%

Union Posine

2914

17% 31%%%

United Aireraft &

New York

Trank... United States Steel 224 Westinghouse E. &

M.

10%

854

9%%

23

18% -Reuter.

SUGAR MARKET

THE LATEST CABLED QUOTATIONS

The following enble at the eloge

of the sugar

market yesterday

has been received by Messrs. Pen-

treath and Co.

London Terminals. August 1932 5/11 no change. December 1982 6/1 up 14. March 1935 0/3 up 40. May 1933 6/54 up 3⁄44d. Buyers at above prices; sollers asking d-%d more.

New York Terminals. September 1932 1.04 ̧up 2 pts. December 1932. 1.08 up 4 pts, March 1938 1:06 --

May 1933 1.11 up 2 pts. July 1933-

Cuban 1.05 no change..

00-Spot

Eastman Kodak

General Electric General Fonds

new

Edwards stated that he reset the "trip" and struck his train, which at the time was not going # walking pace, at more than Ile stopped the train immediately.

Colonel Trench--The rule very definitely says that after a "trip") occurs, and you think it is defec-1

the tive, you should apply to stationmuster or signalman Did you think it would cause delay to do so?

Edwards-That is what i did)

think.

Colonel Trench-The "trip" is! the most important safeguard you the Underground. have got on You must regard it as sacred. I think that is the view of the Com- pany, is it not?

Leung Ah-kam, a prostitute, remand- el by the Hon. Condr. Iole from: yesterday, made a second appearancs: at the Marine Court this morning, an a charge of having boarded the s.8. Bremerhaven without permission. provious conviction being proved against her, she was sentenced to eno month's imprisonment.

A

SHARE PRICES

TO-DAY'S QUOTATIONS

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

Banks.

Hongkong Banks, $1690 1. Hongkong (Lon. Reg.), £111 n. Chartered Banks, £124 1. Mercantile Bank, A. & B. £20 m. Mercantile Bank C.. £8 11. East Asia. $112 n.

Am: 0. Finaner Corp., $25 n. China . Fin. Ord., Tls.6 n. China . Fin. Pref. T19.4.60 n.

Insurances.

Canton Ins., $1300 n. Union Ins., $450 0.

China Underwriters, $3.15 m. China Fire, $600 h.

1. K. Fire Ins., $1195 11. Internation Assee. Tis.4 n.

Shipping.

Douglases, $26 n.

b.

1. K. Steamboats, $20 Indo-Chinas, (Prof.) $45 1. Indo-Chinas (Def.), $32 n. Shell Bearer), 36/1 Union Waterboats, $19 b.

Mining,

Benguets, $16% n. Kailans, 26/3 0.

n.

Langkats (Single), Tls.4 n. Shai Explorations, Ts.2.10 a. Shai Lians, Tis.2 n. Raubs, $38% sa.

Venz: Goldfields, $1%2% n. Benguet Exp., 31 ets, n.

Doelis, etc.

H. K. & K. Wharves, $139 sa. II. K. &. W. Dorks, $18 h. S. China Motors A., $10 n. S. China Motor B., $8 nr. Providents (old). $4.80 1. Providents (new), $2.30 n. Hongkews, Tis. 218 . New Engineerings, Tls. 6 n. Shanghai Docks, Tis. 76 n.

Lands, Hotels, etc. Hotels (old). $11 n. Hotels (new), $10% n. 1. K. Lands, $7796 n. Shai Lands, Tls. 241 m. Metropolitan Lands, Tls. 10 n. Humphreys, $15% n.

11. K. Realties, $1.19 n. Asa Renltics "A", $155 . Asia Retics "B", $264 n. Chinese Estates, $100 n. Chinn Realties, Tls. 11.40 n. Chinn Debentures Tls. 96%1⁄2 n.

Cottons.

Ewo Cottons, Ts.18.30 b. S'hai Cottons, Tls. 75% n. Zoong Sings, Tls. 10% n. Wing On Textiles (S.), $106 n. Public Utilities, Tramways, $22.50 s. Peak Trams (old). $16 n.- Peak Trama (new), $7% n. Star Ferries, $88 1.

Yaumati Ferries (old). $34 98. Yaumati Ferries (new), $32% b. China Lights (old), $17.90 8. China Lights (now), $174 8. H. K. Electrics, $72 b. Macão Electries, $24 n. Sandakan Lights, $12 n. Telephones (F. P.), $3B% n. Telephones (P.P.), $22 su. China Buses, Ts.12 1. Singapore Tractions, 2/- 1. Singapore Pref. 12/6 B.

Industrials. Malabon Sugars, $20 b. Cald:, Mack. (Ord.), Tis.14 n. Cald: Marg. (Prof.), Tis.10% Canton Ices. $61

Cementa (comb.), $17% s. Cements (old), $12. Cements (new), $5 n. II. K. Ropes, $1234 n. Agriculturals, $10% n.

Stores, etc.

Dairy Farms, $28,25 R. Watsons (old), $14, Watsons (new), $19. Der. A. Wings, $1 n. Lane Crawfords, $6 1. Mackintoshs, $21 n. Sinceres, $101⁄2 n. Wm. Powells, $3.35-n. Wing On (11. K.), $265 n.

Miscellaneous. Amusements, $191⁄2 n. Entertainments, $18% n. S. C. Enterplacs, $3. Macho "Greyhounds", $10 n. - Constructions (old), $0. n.

Constructions_(new), $1.55 n. B. Ind. G. $ Bonds, $58% 1. II.K. Govt. Loans, 8% Pro, sa. Wallace Harpers, $13 n. China Sporta Ltd., $10 n.

RADIO BROADCAST

THE MELODY TEAM FROM THE STUDIO

By Z..W. on a wavelength of 350 metres.

(848 H.C.).

6-8 p.m. European Programme.

G-6 pm.

A relay of the Hongkong Hotel Orchestra by courtesy of the Management.

(During the

Intervala recorded music will be intodcast from the Studle).

6-6.32 p.m. Band SelectionA, Indian Quden (arr. Aharp). Helston Furry Processional (arr. Skarp)

D.B.C. Wire low Bifitury and $169. Vianelle Doll Acqua, arr. Winterbottom), Marche Militaire (Behubert, arr. Godfrey)

Reg. land of it.M. Grendler Quarda V970. The Mock Hobby Home (arr. Sharp). Goddennes (Dr. Bharp).

The National Military Dand DU574. Le Birenca (Waldtonlel). Latiner (Waldteufei)

Reg. Band of H.M. Grenndler Guarda

6.32-6.52 p.m. Octeta. Romance (tubinstein, arr. Sear). Torunder at Andalouse

Scar)

Rubinsteft.

1403.

дет.

J., Squire Celeste Octer 6218. Mintet in D (Mozart, arr. Willoughby). Minuet Bellienna (Banire and Bartį

J.lt. Square Celeste Octet D76. Collette (Fraser-Ulmann).

Memories of Devon (Evan)

J., Squire Colesto Delet R231.

7 p.m. (Stock Quotations, etc.) 6.52-7.30 p.m. A Concert. Song-The Kerry Dance (Molloy).

Mother Bang (arr. Song The Hangs my

Grimshaw)

Wet

Doria Vane (Soprano) DX187. Solo-Hungarian Dance in D Minor Ren-Jonchim). Violin Solo-Cavation (Raf)

Arthur Catterall 0139. Vocal Dart-At Inve's Beginning (Campbell

abmann).

Vocal Durt--in Springtime (Shakerscore and

Newton)

Barn Labbette and Nurman Alin Dre Solo-Simple Aveti (Theme). Otec SolomLe Cygne (Saint-Saens) Le QESIA

4730.

100.

Song- I Look Into Your Garden (Wilmott and

Finyin Woud

Bong

Pitch my Lonely Carnean at Night titorry nil Contes)

The Hen, W. Brownlow (Baritone) DITO. 7.30-8 p.m. From The Studio.

Selerinin by The Melody Team.

8 p.m. Report.

Local Timr & Weather

8.3-9.30 p.m. Chinese Programme. 9.30-10 p.m.

Battu.

A relay of the band of the fat South Wales Borderere undueled by Band- muster Geeks, from the Officer's Meon, Murray Ancrack, by any of the Omerr Com-

manding.

10-11 p.m. Chinese Programme.

I p.m. Clane Down,

All records In the above European peter

| gratumes a kindly supplied by Mosary, An-

dera Mule Co.

KZRM PROGRAMME. Today's brondenat from the Manila 3.00 μm-Studio Music.

intin:

5.45m--Health 1rlod-D. It. Parish. 6,00 m Popular Ita of the week.

0.16 p.m.-Spanish Informational Perk.

6.3 ..English Informational fertus, 1.00 Rockne Programme.

7.16 p.m.-Studio Muate.

Tamural Imducia Party-Glady's

7.15

9.00

Gaddar.

m.Studio Munte,

-1. R Aguinaldo Programate, 8.30 ..--Apo Cement Period--Filions

String Quartet

H.15

World Events 3'erbowl.

9.00 pan.--Unnce Music Dollar 5.8. Pres.

Hoover Orch,

10.30 pm-on

down.

INFORMATION

INSIDE

(Continued from Page 6.)

was in Wall Street, surrounded by three tape machines that spum- ed tape at such a rate that it got entangled with the salad, so that every dish bore a marked blance to spaghetti.

restom-

However, it is unwise to allow your sense of drama to run away with you. For all I know, you who read these lines may be n millionaire of the baser and more valuable sort. If so, you must quickly turn the page and write to lannen Swaffer, asking him the most practical form of repentance. shy If, however, you are just a little thing, nervously fingering your money-box and wishing that the smell of benzine did not last so long, you may read on,

*

We will assume that you are infected with the gambling Cover, that you have had a tip or rend: something in the paper, and wish to buy a share.

SL

The first thing to do is to find Le stockbroker. These may discovered in large quantities in Hyde Park, strolling up and down, like something looking rather that big-game hunters search for However, they are best approach-

ed through a friend.

12 stock- Having discovered bruker, you may then buy some n.shares, und, being human and of will. therefore absurd, you

But "on margin." course, buy please do not imagine, if you have hought a share at a pound and see it quoted next work'at twenty- five shillings, that you have made A share, Oh, no, five shillings little Red Riding Hood, life is not like that! All those Hebraic signs at the bottom of your contract mean little nibblings on the part of Ribbles the brokers. Everybody at your share.

The next stage is called the "carry-over." When I first heard of carry-over I was young and my heart was tender, and had a pretty mental pictura of aged and lifting benevolent stockbrokers widows over a financial moruss.

However, this picture is not strictly accurate. I still do not know what carry-over ls, but I do know it hurts. It happens every three weeks. Things go along quite happily for three weeks,

POWELL'S

GREAT

REMOVAL

SALE

NOW PROCEEDING.

CRETONNES

In

LARGE VARIETY

and

GOOD TASTE.

From $1.75 Yd.

ARTS & CRAFTS, LTD.

40. Des Voeux Road.

MARTINI

Sole Agenta:

ZRAND

Martini&Rossi

ITALY'S, BEER.

LTD.

CALDBECK

MACOREGOR & CO, ]

(Incorporated under the Companies' Ordinances of Hongkong) Tel. 20078 HONGKONG

P

and then, suddenly, all the barser one important. thing to remember

stock-brokers instinets of the

Never take advice from mi? are let loose. They snarl and onsires. I write this with my bark and send all their friends hand on my heart, my. chin for insulting notes demanding money. ward, and my lips act in that sat of line which, when seen on Mis That is what carry-over means.

the rest of Ethel M. Dell's heroes, alway Having returned

crom your furnituro, and having bean manns dirty work at the paid for it,

"Icas a

reasonable roads. I have taken advice from deduction for woar and cartago," millionaires (ho said, drawing h and having sent the money to the rage round him) and it has alway stockbroker,

panic will Het in. boon fatal: I don't know why You will go round and ask allls, but a man who owns a compan your friends for advico. Now never scoms to know what is g that is all very well, but there is ing on in it.