1933-04-25 — Page 16

TO-DAY'S NEW ADVERTISEMENTS.

WANTS.

ES WOUDS.AD

($9.00 If Not Prepaid)

The following replies have been recolved:

890, 856, 944, 945, 971, 892, 998. 10, BB, 61.

WANTED KNOWN

PERMANENT WAVE AT ANDRE'S Beauty Parlour britch, Kowloon Gallin Hotel, with new and latest machine just received. Manicure and pedicuro by experienced sim!?. £6558.

Tel.

from stock. FLOORTILES, sold Superior quality cheapest quotation. Inspect our fine Sanitary equipment, G, Des Voeux Road, Bornemann & Co.

THE CHINA LIGHT & POWER CO. (1918) LTD.

Electricity supply will be dis- continued as detailed below on Thursday 27.4.33:

་

9 a.m. to 5 p.m.-The whole of To Kwa Wan Rond, excopt Messrs. Balley's Shipyard,

3 pm to 4 pm-Hung Hom, Hok-Un and To Kwa Wan up to and including Mesars. Bailey's Shipyard.

NOTICE.

As from the 22nd day of April, we havu removed our offices to the National Bank Building No. 8A, Des Voeux Road, Central. (En-1 trance, lee House Street, 2nd floor).

DENNYS & CO. Hongkong, 22nd April, 1938,

PICTURESI PICTURES! Spring Ex-| THE HONGKONG FIRE hibition of Water Colours opena on Thursday, April 27th, in our rooms, for ten days only, KOMOR & KOMÓR.

show- INSURANCE CO., LTD.

PERSIL for your linens and delicate elothes. XK8.55. per packet. Les Haing & Co., Des Voeux Road, 185, Chur Sal Drug Co., Des Voeux Road, 69A, Yoon Haing Hing, Queen Vict. Street. 14, niso obtainable from all leading Sundry stores and local Department Stores.

SITUATIONS VACANT

NOTICE is hereby given that an Extraordinary Goneral Meet- Ing of the above Company will be held at the offices of the General Managora Mesars, Jardine, Mathe- son and Company Limited, Pedder Street Victorin in the Colony of Hongkong on Tuesday the 25th | day of April, at 12 noon for the purpose of recolving a report of Extra- the proceedings of an ordinary General Meeting of the above Company held on the 10th day of April, last and of confirm- ing if thought fit, as Special Resolutions the following Resolu- tions which were passed as Extra-

ASSISTANT COMPRADORE WANTED-An experienced and good business man who has full knowledge of general import and expert business is wanted to be a Compradore's Assistant of a well-known and ble local Arm. Write Box No. 62, "Hong- kong Telegraph" Offee, with ap-ordinary Resolutions at the above plicant's reference, knowledge and montioned meeting namely:- address stupliated.

NEWSPAPER Business Office has vacancy for British Youth

as ap-

prentice. Ample scope for advance. ment. Apply in own handwriting stating age and particulars of educa tion, to Box No. 61, "Hongkong Telegraph."

TO BE SOLD

56 The Peak, lately occupied by Dr. Penk Haraton and adjoining the Hospital. Unfurnished. Convenienty comfortable and cool. Six rooms and Dressing room. Four bathroomas, hot and cold water. Modern sanitation. Gas and Electric Light. Use of Tennis Court, Suitable for a Mess of fire, or could be caally divided to suit two couples. Close to Tram Station and Motor Road. Apply: -THE HONG- KONG REALTY AND TRUST COM- PANY, LIMITED. Exchange Building.

TO LET

- HENLEY-ON-THAMES, ENGLAND. TO LET Furnished, DETACHED HOUSE, High Gravel Sell 3 Recep tion Roonts, 3 Large and small bedrooms, crequet iawn, tennis court, fruit and vegetable garden, garage and usual offers, Rent moderate. Apply Mrs. Dalean, Peak Hotel.

TO LET Shop in Arcade of the Peninsula Hotel, Kowloon. Write Box No. 63, "Hongkong Telegraph."

TO LET-MODERN FLATS. Euro- pean style, 12 Kingsclere, Kennedy Road. Newly built, available 15th May, each consisting of four rooms, bathroom, kitchen, servant's quarter, with all modern conveniences, garage. 67, Wongnelchong Road. Airy rooms with kitchen, servant's quarter. Garage available. Reasonable rent. Apply Ng Ka Kuen, Bank of East Anin, Ltd. Telephone 22890.

April

NEW

VICTOR

RECORDS

TSANG FOOK

PIANO CO.,

9, Ice Houco Street.

Hongkong. Tel, 24648:

(1) That the existing 8,000 shares in the capital of the Company of the nominal valuo of $250 each, upon which the sum of $100 has been paid up. be divided into 40,000 shares of the nominal value of $50 each upon which the sum of $20 shall be credited as paid up.

THE

HONGKONG: TELEGRAPII. TUESDAY, APRIL 25, 1933.

NOTICE.

LANE, CRAWFORD, LIMITED.

:

CEMENT COMPANY'S. ANNUAL MEETING

(Continued from Page 7.)

As from the 16th April, we have Application has been made to the Directors of this company to removed our Office from St Issue to CHAU YUE TENG, duplicate_certificates for 1,200 shares in Georgo's Building to 8A, Des Vooux the Company, or other certificate or certificates in Hou thereof, upon] Road Central, viz. The National & the statement that the original certificatas numbered as under have. Commercial Savings Bank Build- been lost or destroyed; and notice is hereby given that if within 80 modity can now be obtained at about ing, at the corner of lea House days from the date hereof no claim or representation in respect of Rs. 20-4 per ton as, following the Des Voeux Road, such original certificates. is made to the Directors they will then drop in the Yen Exchange, the price entrance in Ice House Street. proceed to deal with such application for a duplicate or other, new

signed SHEWAN TOMES & CO. certificate or certificates.

Streat and

BUY

BRITISH

FERGUSON

PRINTED VOILE

As Selected By

HER ROYAL HIGHNESS

THE DUCHESS OF YORK.

ASK TO SEE THE

VERY NEWEST-

FERGUSON

SUEDE

CREPE

(2) That as on and from the 1st day of July, 1933, the regula- tions contained in the printed document Aubmitted io the meeting and for the purpose of identification subscribed by the HER MAJESTY THE QUEEN,

Chairman thereof be approved and adopted, as the Articles of Association of the Company, in substitution for, and to the exclusion-of-all-the-existing Articles thereof.".

AND NOTICE is also hereby given that in the event of the above mentioned Resolutions being confirmed as Special Resolu- tions the Transfer Books of the Company will be closed from the 26th April, 1933, in the 1st May, 1933, both days inclusive.

Dated the 20th day of April, 1933,

JARDINE MATHESON & CO.,

LIMITED,

General Managers.

RETREAD YOUR TYRES

at

THE HONGKONG TYRE CO.,.

89% Hennessy Hond Telephone 24530 Wil SKYN you money à trouble.

COMMENCING TO-MORROW

At 2,30, 5.10.

7.15 & 9.30 P.M.

FEATURING-

GEORGE GROSSMITH. ROLAND YOUNG

LADY TREE ̧· JOHN LODER WENDY BARL JE

AS CHOSEN BY

HONGKONG'S FINEST SELECTION OF THESE

BEAUTIFUL FABRICS

At The

TAJMAHAL

SILK STORE King's Theatre Bldg. D'Aguilar St.

MASSACE

Mr. & Mrs. Y, MORI. Holder of Japanese Government LICENCE

Cure Sprained Ankle & Wrist. 4. Wyndham Street, (1st Floor) Telephone 26051.

Certificate No. 1823 for 500 Shares numbered 103101/103300

"

1324 600 1680

JI

+

100

1631

100

"

M

96251/ 96450 72445/ 72544 103501/104000 146571/146670 146671/146770

By Order of the Board of Directors.

A. W. BROWN, Mannger & Secretary.

Hongkong, 10th April, 1933.

ENTERTAINMENT

At Tho

Repulse Bay

-Hotel

DURING THE

DINNER DANCE

On Wednesday, 26th April

MARTY

SANDS and

MILDRED

DAWN

TALENTED AMERICAN MUSICAL COMEDY ARTISTES IN CABARET SONG AND DANCE Presenting

Interesting and Amusing Selection of Attractions.

Special Dinner Dance

Also

On

Thursday, 27th April

For Reservations 'Phone 27775,

&ve

THE ARCADE

GLOUCESTER

BUILDING.

HONCKONC'S FINEST CHEST

THE HONGKONG

SHANGHAI HOTELS LTD.

WASHING DRESSES

IN DAINTY

Prints and Voiles

from $12.50

"BEST" MAN HE'D BE, BUT BRIDEGROOM_NEVER!

Booking At

THE THEATRE.

Tel. 25313, 25332. PLANS NOW OPEN.

WEDDING THEARSAL

Λ

AN ELEGANTLY-STAGED SATIRICAL SOCIETY DRAMA WITH A LIGHT AIRY STORY,

DISTRIBUTED BY the British FILM DISTRIBUTION CO., LTD., HONGKONG.

DIRECTED BY

ALEXANDER

KORDA

A

London Film

Production.

above relation, Sir Joseph Shore, the Commercial Member in the Logis- Iative Assembly, declared that in proposing legislation against dumping and abrogating the Trade Convention, the Government was not actuated by feelings of li-will towards any country, adding that the measure R purely defensive and in neutralise the effect of speelal condi tions, such as depreciated currency and other factors causing the dump- Ing for goods into India at abnormally low prices and thereby endangering the existence of Indian Industries.

Gentlemen, that

statement

im

has now reached the very low figure of Rs. 12-3-0 per ton C.L.F. Bombay.

2. To this figure of Rs 12-8-0 must be added Customs Duty at Rs. 13-12-0 Port Trust and other charges Rs. per ton, which brings the price to Rs. 29-4-0 per ton delivered at Dealers respect of the position in India com- prehensively sums up the situation shop.

of with which we curselves are faced at valtio 3. Taking the C.I.F.

the moment. In the circumstances, Rs. 12-8-0 per tin, we estimate that the cost of gunny bag or other form would appear superfluous for me to labour the subject further, but I of packing will not be less than Rs. 5 feel that it is right and proper that ner ton, handling charges at Port of Shareholders should be presented with shipment any Rs. 2 per ton and if the facts relating to this all important we take the sea freight from Japan

m:bject. I may add your Board in to Indien Ports at so low turn close touch with the altuation and is as Rs. 5 per ton, the actual return to the Manufacturer for the coment cannot be more than eight annas per ton.

exploring every channel with a view to safeguarding the interests of the Industry in which the Company is to engaged. I would also add that the at attitudo of the local Government has

4. It is obviously impossible manufacture Portland coment elght annas per ton. At such a price been and is one of sympathy, and It simply means that the cement in that a genuine desiro has been din- pinyed to render such assistance as given away,

pald

to the

5. The actual cast of manufacture is possible in a situation wherewith in Japon is stated in the Report on it is by no means easy to deal-in which

bo Economie conditions in Japan, issued respect, regard must

of Overacas Colony's geographical position and to by H.M. Department Trade in 1930 (page 36) to be 36. the fact that it is more or less in the that Gd. per barrel and in some cases 88, nature of an "entrepot," per barrel. The latter price works legislation likely to impinge upon #tho freedom of the what I may term "th out to 18n. per ton, which is equiva-port must necessarily be approached lent to 7.56 Yen or Rs. 12 por ton, with grave consideration by all con- at the normal rate of Exchange.

80

6. We attach herewith original Jet I feel it my duty to indicate strongly cerned in its welfare; nevertheless, ters and photographs of original letters (all marked "B") showing that in the matter of local works of that Japanese cement is offered at a public nature, support should be from Rs. 15/- down to Rs.12-8-0 per accorded to our undertaking on the ton, C.I.F. BOMBAY. (The drop in basic principle that local expenditure price being solely pursuant to the with local Industries promotes focal Zurther drop in the Japanese Ex- revenue. change).

7. We contend that Japanese ment in being landed in this country at prices which can definitely bo described as "Dumping." In support

Future Prospects

With reference to future prospects, there is a great deal of construction work in view, both in the Colony and. in Canton and districts, and given fair

of this contention we would stato competition, there is no reason why that in March 1932 the price. of this Company should not obtain its cement in Japan was 24.4 yen por fair share of orders for the Cement ton, which is equivalent to Rs. 33-5-0 required. per ion, at the normal rate of ex- change.

"Dumplag" Defined.

..

8. This price was verified for us by the Director-General of Commerce, Intelligence and Statistics, vido copy of his letter of the 24th March, 1932, attached hereto.

Thỏ year 1933 did not commence loo well, but the volume of business has increased considerably during the past few weeks, with the result that both kilns have now been brought into that such business will be maintained. productive operation, and we trust

Your Company, as you are aware, pogressen one of the finest Coment factories in the world a factory that is capable of manufacturing its duct at prices which compare ably with the Cement manufactured elsewhere-but we cannot possibly ing which your Board are of the

In view, at hy

sufficiently emphanled.

D. If Japanese cement were to be sold in India upon the same price basis as in Japan and at the normal rate of Exchange, the cast to the Dealer in India, after adding all the Rs. 57-1-0 per ton, at bis shop, where

actually sold to him nk it Rs. 29-4-0 per ton, thereby coming fore, of the foregoing, and the necos- under the definition of "Dumping" sity for conserving the cash resources a set out in paragraph 134 of is gretfully constrained to announce that of the Company, your Board is te- Report of the Indian Fiscal Commis is unable to recommend that a stan 1921/22,

charges enumerated above, should be compete with "dumping not be too

there-

dividend should be distributed in 10. The fact that supplies of cheap respect of the earnings for the past Japanese“ conient are available-is-be- coming known very rapidly in the year, and in recommending that interier markets of India, with the forward to the credit of the current sum of $531,119.91 should be carried result that this product is being found at destinations between five year your Directors consider that, and six hundred miles. front Ports, in the light of existing conditions, where it can be delivered at prices their recommendation should appeal below the current rates for Indian prudent one. There being no further

to Shareholders BA essentially

eement.

11. It can therefore be said that, matters to which I can usefully refer, I now Beg to formally propose that within a radius of five to six hundred the Report and Accounts for the miles of Indian Ports. the Indian Financial Year ending 31st December, Cement Industry is in serious danger 1032, as presented be adopted and on account of Japanese competition, that the recommendation of your as in these areas over 75% of the Directors that the sum of $531,119.91 total consumption of cement takes be carried forward to the credit of place.

Every Sacrifice.

the current year be accepted, and I shall be much obliged

some Share. holder will kindly second that pro- 12 The Cement Companies in Indla posal, whereupon questions as to the have made and aro continuing to Report and Accounts may bo raised. make heavy sacrifices in their et. fr. C. F. Mendiram seconded the forts to meet this unfair competition, Report and Accounts. but the heavy fall in the Japanese The resolution was carrie: un. Exchange has increased their diff animously. culties and unless some assistance is rendered by Government, there is a grave danger that the present wide diaparity between output

and off.

OTHER BUSINESS.

Messrs. A. L. Shields and T. E.

The re-election of Messrs. Linstend Davis and Blease. Love, Bingham Matthews AB Auditors, was pro- seconded by Mr. M. A. de.Figuereldo Mr. A. Mekindy and posed by

take will be increased still further, Pearce were re-elected to the Board, which will bring about a curtailment the proposal of Mr. H. J. M. of production, resulting in further Figuercido, seconded by Mr. A. H. unemployment, loss of traffic to the Carroll Railways, loss of trade to the Indian Conl fields, the Jute Industry and various other interests which will bo aeriously affected by any decline in the Inilian Cement Industry. 13. In presenting our

Those present word; Messrs. J. Government for protection

Scott Haraton (Chairman), J. H. the dumping of cheap Japanese Ll Tec-font, and G. F. Mondhani. Taggart, A A. L. Shields, T. E. Pearce, ment in this country, mainly on ac count of the depreciation In

case to against

the Directors); Mr. Allan Keith (Secre Japanese currency, we would instance tary), and Messrs. A, H. Carroll, P. C. parallel case which took place ift Potts, H, J. M. de Figueroldo, O. H. South Africn in the years. 1020 Potts, M. A. de Figueroido, E. A. 1928. During that period Belgium Sykes, A McKirdy and F. E. Silva was able to quote absurdly low prices (shareholders). for cement supplied to South Africa, not only because the manufacturing cost was low, but also primarily on account

depreciated curroney. The

EXCHANGE RATES

Geneva.

Berlin.

South African Government therefore promptly levied an Exchange Duinp. Ing Duty on account of the depreciat Paris. ed value of Belgian currency. This tuty operated from the 10th of May Helsingfors 1020, with a inent beneficial effect Oslo. to the local Cement Industry, up to Athens. the 26th of February, 1928, when Bolian... gium again stabilised her currency. Buenos Aires. 41 14. We also understand that in United States of America the tariff New York

Apr. 21. .89.6/10

Apr. 24.

89.3/10

.18.10

18.174

.15.7/10

15.30

...228

228

.10.0/18

10.G/B

.605

OOG

.07%

67%

4014

Shanghai.....1/2.18/10 duty on imports of foreign goods Amsterdam...8,75 is hased upon the selling price of Vienna.. goods in the country of origin, plus Prague the shipping and handling charges Madrid. incurrel in placing the goods on land Burcharest.. in the United States.

the

-1/2.7%

.3.85

1.87

8.74%

.03

India Mesures,

за 1172 41.1/32 600 1/4.13/16

24.12

10.11/32

226

110

5

..1/6.1/04

1/01/02

1/2%

437

10174

25742 20.1/18 20.1/8

.11722 .41.1/10 .680 Hongkong.....1/4.8/10 Brussels.... .20.20 Stockholm....10.1/10:

The result of such "representa. Copenhagen...22.46 tion" has been that the Government Lisbon. .110- of Indin has taken the necessary Bombay... aleps for the denunciation, of the

Rio

.5

Trade Convention between India Yokohama....1/2 and Japan, and that notice has boon Montevideo... 38 elven to the Japanese Government Montreal.....4.30 whereby the most favoured nation War Loan. treatment accorded to Japan under Silver (spot).19%

Belgrado. 262 the Convention will lapse after the giver (forward)10.9/10 expiry of six months.

British Wireless,

In making the announcement in the