1934-04-19 — Page 17

Hongkong Telegraph 港電新報士蔑新聞 All

GERMANY'S NEW DISARMAMENT OFFER

(Continued from Pago 1} strength of the force should not exceed thirty per cent. of the com- bined air forces of her neighbours, of France's of fifty per cent. milltary aircraft, whichever figure! is the less.

O'DUFFY WINS

HIGH COURT AND TRIBUNAL

NOT

ΤΟ

COMPETENT TRY HIM

The Free State Government has Germany Is willing to agree that this position shall remain unalier suffered another rebuff from the ed during the first five years of Judiciary. The High Court giving the convention, but after that judgment In the O'Duffy case, de

or in-elded that the Military Tribunal perlad, roductions abroad creases in Germany must be made was a limited and inferior Court so that she will attain equality within the control of the High with the principal air powers at Court. the end of the ten years' of the The case arese out of the action convention.

of the Government in summoning General O'Dully before the Military STORM-TROOPS.

Tribunal to answer, a series of including one of alleged charges, Germany is also prepared to agree, on the basis of reciprocity, incitement to murder Mr. Do

Valera.

shall

THE HONGKONG TELEGRAPH

NEW YORK STOCK EXCHANGE

YESTERDAY'S MARKET

Can

THURSDAY: APRIL 19 1984

LONDON STOCK EXCHANGE

GILT-EDGED ISSUES

STRONG

Chinese Bonds.

£94

£ 704

£ 964

GOODWILL MISSION.

AUSTRALIAN PARTY ARRIVE, ON SUNDAY

The Australian community In FIRM

Hongkong has concluded arcango- The following quotations on the munts for its welcome to the Hon. According to Mesara. Swan Cul- London Stock Exchange have been Mr. J. G. Latham, P.G., and bortaon and Fritz, the New York received by Monsts. Swan, Culbertson members of the Goodwill Mileston market was firm yesterday. Busi- and Fylta in conjunction with Router to the Far East, who will arrive

Tho done 1,540,000 shares.

Market: Gitt-edged securities ruled Journal Street

reports strong. Otherwine the market was in the Colony by the French liner Wall

duo to m-rather irregular and business dis-D'Artan on Sunday.

Mr. Latham,

la Deputy The market went up

Prime Minister and Attorney proved Wall Street sentiment plus appointing. continuedi bullish business reporta.

General: of the Commonwealth, Low price shares were the most activo

Apr. 17. Apr. 18.

will arrive with hla party at G although preferred Innues continued

a.m. on Sunday, and will depart in demand, steadily advancing prices 44% Bonds 1808

Carb stocke (Eng, Iss.) £101 £101

at 3 pm. for Shanghal. with offerings Thaited. and bonds were also up. Profil tak-4% Loan 1008. £ 94%. ing sagged wheat after early strength 5% Loan 1912. £ 75%

1013 (1dn. Ixa.) £9 with many traders holding aloof pend-Reorg Loan ing to-morrow's silver conference be tween the president and leading silver 5 Bonila 1925-47 £ 884 advocatex.

G S'hai-Nanking

Rly.

Tient, Pukow Itly. ........ a Tient.-Pukow Raliway (Supl Loan)

£ 26-29 £ 274 Shal.-H'chow- Ningpo Rly. £ 084 08

£ 3115 House Itly £31 Hukuang Rly.

£4214 £ 4214 Hai Rly. 1013, 17% £18

Lung Teing U.

Foreign Banda and Banks, German 15% Int.

Our New York office cable:- 5 Stocks: Moved ahead vigorously in response to bettor general feeling with tobacco, rubbera and specialties Whent: the outstanding features.

was the bulk of the

to regulations that will ensure the On January 1, the day before the non-military character of storm-date fixed for the trial of General troops and similar organisations, O'Duffy, an application was made No liquidation to-day. Rains Im-6% to be verified by supervision, to the High Court on his behalf,perative in the Northwest. General thene regulations to provide, scoking a writ of prohibition to outlook favours buying on all tips. 5 among other things, that such|prevent the Tribunal hearing the Colton: Stendy. May liquidation .political formations

not case. posscas arma, shall receive Bo A military instructions, and shall and Conditional order was granted, the Milltary Tribunal nd journed the hearing of the case in order to avoid a clash with the civil Court. At the same time, the Tribunal announced that It was satisfied that it had jurisdiction to hear the charges.

not be commanded by members of the Regular Forces.

Germany is further propared to agree to the postponement of the redactions in armaments of other Powers until the end of the fifth year of the Convention, the mea- nure of disarmament laid down in the British Memorandum being carried out during the second five

years.

1911 offerings but there was no apparent incentive for aggressive buying movements. Wash- ington is reported opposed to further experimental legislation and favour congressional adjournment by the middle of Biny, both of which are conducive to stendier markets. The Bankhead Dlli was finally passed: Spots were quiet with basis slightly

883

£ 60

£38-11 £38.

69%

714

£ 821

£ 924

£138

Lonn 1924... Japan 5 Sterling

Loun 1907... £ 82 Japan 6% Sterling

Loun 1024... £ 52 11.K. & S'hai Bk.

£137 (Leln. Regd.)

On January 25, the Attorney-casier. Silver: Disappointed by the General applied to have the ron-failure of London to purchase after at substantially ditienal order of prohibition dis-the fixing, except

lower levels, the market declined charged. Judgment, was reserved. after an initial high opening. Chart. Bk. Lo sh. 5 704 £ 10%

THE JUDGMENT.

rumoured that the selling pressure In their judgment the Court un-was largely for Chinese accounte animously hold against the Govern- Dow-Jones N.Y. Averages Germany accepts the other pro-ment, that the Military Tribunal posals in the British Memorandum could be restrained by the High including supervision aments,

LEAGUE MEMBERSHIP.

30.Industrial of arm-Court, and by a majority the Court 20 Rails

decided to make absolute the con-20 tilities ditional order of prohibition, except 10 Bonds as relating to the charges of mem-11 Commodity Index 51.16

unlawful associn- bership of · as

She continues to recognise the Treaty of Locarno but considers that her return to the League of Nations can only be dealt with

after a solution of the larm

ament question and above all of -ho

of Germany's acceptance equality of rights.-Renter.

FRENCH LOGIC

Text of Barthou's Message

tion.

The following market closing prices Mr. Costello, K.C., for General are quoted subject to confirmation an O'Dully, asked for a stay to enable accuracy in transmission.

Adams Express Alaska Juneau Gold Mining Company Allied Chemical and

Dye American Can..... 103 American & Foreign

him to consider the question of an appeal to the Supreme Court on the question of the jurisdiction of the Tribunal to try the unlawful association charges.

The Attorney-General undertook not to take any further action unti the question of an appeal was de- cided.

It is unlikely that an appea) will be lodged, as General O'Dutty is

The French Foreign Secret-content with fils. victory, and is

ary,

al Note received prepared to Ince the unlawful London to-day. in reply to association charge.

Sir John Simon'a letter to the French Ambassador last week on the subject of guarantees of execution of the convention, points out that the British communica- tion was received simultaneously with the publication in Berlin of the German 1034/5 budget which showed increases in the expenses of the Miletries of the Army, Navy and Alr amounting to 352 million marks,

COST OF CULTURE,

SHANGHAI TO RETAIN ORCHESTRA

Shanghal, Apr. 18. The retention of Shanghai's internationally-famous Civic Or "The British Government were chostra for at least another year no less concerned than the French was assured to-day when one of increase in the most largely attended annual at the size of this expendituro but the explanations meetings of rate-payers they received in return to repre-whelmingly defeated a resolution Commonwealth-and- sentations at Berlin were less a for its abolition, justification than a reaffirmation.

BASIS DESTROYED.

"In reality, the German Govern-Holely due to the rapidly dwind

ling municipal reserves and

Now York Continental Ol....

Du Pont de Nemours

ment, without awaiting the repossible budget deficit in 1935.-Eastman Kolak.... sults of negotiations which were Reuter,

in progress, has wished to impone

it determination to continue overy form of rearmament within the

limits of which it claims to be

נים

18/0 18/0

121/101122/6

no par val.... $264 $ 271%

Riy. $25 sh...$ 16% $ 10%

Langlaagte

Estaten...

Anglo-Péralan Oil

Burma O

}

Apr. 17. Apr. 18. 104.40 105.45 40.31 40.03

Industrials and Breweries.

Elec. Associated

Industrien Brit.-Amer. Tob.

(Benrer) Chinese Eng, and

26.90

20.41

Min. (Bearer)

23/6 *21/-

94,00

04.89

Tate and Lyle ...

8676

85/9

51.15

Courtaulds

50/-

00/-

Distillers

02/0

Dunlop Rubber

Everready 5/- all

01/9

52/0

28/10

20/6

General

Elec.

Apr. 17. Apr. 18.1

(England)

42/6

Boots

42/6 42/0

Impl. Chem Ind..

38/3

38/6

2011

152

214

Impl. Chem Ind.

Def. 10/- sh...

9/7

0/716

152

Impl. Tobuceo

129/0

124/44

-104

Woolwerthe

93/9

06/0

Internat, Nickel

I'ower American Metal American Smelting 43% American Tel. and

10 24%

Pinchin Johnson

10/h...

38/415

38/6

Turner and Newad

51/9

52/6

Unilever

24/-

24/2

Tel.

1207%

1234

American Tobacco

Miscellaneous.

74%

American Water-

Anglo-Dutch

• 22/D

22/0

worke............... Anaconda Copper Auburn Automobile 48% Atian Corporation Baltimore and Ohio Bethlehem Steel... Borden Company .. Borg Warner...... Canadian Pacific

Railway

20M

Burma Corpn. Re..

16%

14/

14/-

Canadian Pacific

13%

2014

Chartd. 15/- sh.

427% 22

(Bearer)

24/0

25/-

233%

Gyla Kalumpong

2614

Rubber

21/0

Trepca Minoз

13/44 13/4

10%

164

Case, J.I........ Chase National Bank (bid price) .... Chesapeake Corpora

tion Chrysler Corpuration 5% Columbia Gha and

Electric

Southern The annual cost of the Munigi-Consolidated Gas of pal Orchestra is $300,000, and the move for its disbandment was

GRIG

៨០ 1.

12/- 32/-

London Tin 10/-

20%

kh.

15/6

15/8

Pekin Synd. 2/-

40%

47%

ord. h........

2/0

53%

Hubber Trusts

31/9

31/0

S'hri Elec. Constr..

GO/- 55/-

over-

15%

Van Ryn Deep ...

63/14567

Elec. Musical In

dustries

20/74 27/0

37%

Olin.

Curtis Wright Con

Cuty Inc. ...........

21% 7

2174

48/14 48/0 93/9 03/0

45%

Southern Bailway

(Deferred)

28/-

Electric Bond and

91%

Royal Dutch 100

tl. sh.

£ 21

£ 214

17%

Shell Trans and

Electric Power and

Light

736

Trad. (Benrer),

52/0

12/6

Fox Filmy "A"

16%

Geldenhuis

30/7

(Crown Mines

233/1

30/7 235/-

General Aviation

General Foods

224: 84%

2275

AMEX

General Motors General Railway

Signal'

Goodyene Rubber International

inent

38% 38

fire and

Co-

Uing 4231 21

213

R514 33

Um. 33

413% 4112

International Tel. &

United Aircraft ani

Trans,

Tel.

Jolins Manville

144 5612

United Corporation

224 0%

234

Kennerolt Copper .. Lehmau Corporation Liggett and Myers

21% 217

| United Gas Improve-

Rient

73%

U.S. Ilubber

U.S. Steel

61%

"B"

03%

964

Universal Lent To-

Ines's Inc.

342

3-15%

bacco

Und

Unq.

Lorillard P. (Com.) 17%

Montgomery Ward

Vanadium

2051

30%

National City Bank

Warner Bros. Pic-

tures

(bid price)

20 15

Westinghouse E. and

National Distillers

80% 31

M....

394

3944

364

Woolworth

G3%

54%

184 8716

34% 35%

13% 35% 10%

20. 81⁄4 8號

PRUNTHI 20092 AMON

SKJON VAJ

FRESH

43% 46 40

Mado

10% 16%

10. 10%

England

SANDHURST-SIZE

45%% 45%

D9% 60

Corangery Limited

Sole Agents:

20%%%

284

01%

44%

46%

132

:152

While working cargo on the prays Sam Fuk, a coolie, ncellentally fell

the sole judge, in contempt of the into the harbour. He was picked up provisions of the treaty, which.and sent to the Government Civil In the absence of any other con-lonpital. vention, continues to govern the

lovel of its anaemonts.

One

General Electric

"Facts of such exceptional country, imposes on her the duty of Gold Dus!

can lead to only gravity

showing prudence, observation and conclusion.

"She appreciates the friendly

venter

"They prove that the German action of the British Government Government, whether of aet purin which they seek, with her. International Har- pose or not, have made impossible effective guarantees for the exceu- negotiations the basis of which,tion of the convention. She regrets International Nickel 28% It has by its own net, destroyed.

that the netion of a third party should abruptly have rendered Vain

such negotiation. British Wireleas. THE "NEUTRALS” ON GUARANTEES

cover

Collective Security Systom

FRENCH ANXIETIES, "Even before seeking to dls

Whether All amendment could

the be obtained upon system of guarantees, sufficiently emclous to permit the signature of a convention which would legalike the substantial rearmament Germany, France must place in the forefront of her preoccupa-i

New York Central. North American Co. lions the conditions of her own

The text of the memorandum re-Owens-linols Glaas 86 security which she door. not Reparate from the state of other ceived last week from the Danish, Pacifle Gas & Elec

Spanish, Norwegian, Swedish and interested Powers.

Swiss delegations to the Disarma- Packard Motors ment Conference is published in Pennroad Corpora- the White Paper and particular

"Fennnyivanla Rail- emphasis is laid on the fact that a tion convention of even limited scope Phillips Petroleum does not appear realisable without Radio Corporation reinforcement of security going Reynoldi beyond the propoanis of British memorandum..

op-

"The return of Germany to the League which she left so abruptly might have furnished an portunity and a means of dia- part these sipating at least in preoccupations. The presence of Germany in the Genevs Assembly leas Indispensablo would be no for the realisation of a satisfac

guarantees tory system of exceution.

CAPITAL IMPORTANCE.

tric..

rond

ས་

poration

Edison

N.J.

Tobacco

Senrs Roebuck .... It adds that in view of the gravity Socony-Vacuum Cor- of the situation, it is the duty of Southern California the signatories to take into sorlous! consideration any reasonable pro-Standard Gas and posal for increasing guarantees Electric.................. 12 "On this point of capital import within the limits of the acknow- Standard Oil Co. of ance, however, Mr. Eden was not ledged obligations of the Conven-

Products able to bring from Berlin any ant and taking into account the Sterling favourable solution and tho special situation occupied by any

Studebaker Corpora- silence observed. In this respect la State in League of Nations. the course of the most recent "In this connection Germany's Texas Corporation communtentions does not permit roturn to the League would un- Transamerica of better hopes,

doubtedly represent an important Ualon Carbide and

Carbon The experience of the last war, contribution to a solution of the

of collective Union Pacifie tho horrors of which France had grave problem to enduro more than any other security."-British Wireless.

Inc.

tion

way

Despite the limited time avail- able, Mr. Latham, has accepted, on behalf of the Mission and himself, the cabled Invitation of the Australian and Now Zealand Association to a Complimentary Tiffin, which will be held in the Jacobean. Room of the Hongkong!

In view of Mr. Latham's minaion, the Association has docided that attendance at tho timin will not be limited to Members. Tickets may be obtain- ed from the Hon. Secretary of the Association, Mr. N. Stockton,

STERLING DOWN

HEAVY DEMAND FOR AMERICAN DOLLAR

London, Apr. 18. Contrary to expectations, ster- ling turned weaker to-day owing to the heavy general demand for dollars believed due to President Roosevelt's opposition to infa- tionary achomes.

It was expected that sterling might react in the opposite direc- tion following the reduction of Income tax, the balancing of the badget and the declaration of a surplus, compared to the deficits in America, France, Italy and Japan.

However, these things are all expected to prove bull points for sterling, eventually, causing foreign interests to seek invest- ment funds in Britain, despite the small yielde they may get- Reuter.

Three cases of meningitia and two canes of diphtheria were reported to the local health authorities on Tues- day.

The wedding is announced to take place shortly of Mr. John Cheung, clerk, residing at Kowloon City, and Miss Soo E. Fong, of 28, Cheung On Street, Kowloon City.

Whiteaways

LAFOLAW 6 CO LTD MEN'S: DEPARTMENT. NEW SPORTS SHIRTS

A fashion in Sports Shirts for

mon that has coine to stay.

Made of soft Cotton Malte

material. Short Sleeves. Can

bo supplied in White, Fawn and

Blue.

TENNIS SHIRTS

Men's White Poplin Tennis Shirts.

Light weight. Best English make.

Closed or Open: Neck. All sizes.

Price $3.95.

Prico $2.50.

MEN'S **POROSKNIT"

UNDERWEAR

Soft openwork White Cotton Underwear. Light weight and hard wearing. All sizes 32 to 44 inch. Open 'Neck. No Sleeves.

Vests $1.25 each.

Trunk Drawers with Elastic Tops

$1.50.

B.V.D. AERTEX & CELTEX UNDERWEAR. MEN'S OUTFITTING. DEPT.

WHITEAWAY, LAIDLAW & CO., LTD.

Do you wake up tired.

́DIPLOMATIC DINNER.

London, April 18. Sir John and Lady Simon enter- lained the retiring Norwegian Minister and Madame Vogt at dinner to-night.--British Wireless,

A MATTRESS

...... Can Make This Difference in a Woman's Face.

Club Strmy C

Or radiant...enger-real.y vital looking?

Whether you know it or not, there is a difference in the kind af eloop you get-from different mattresses.

Feeling around all night for a comfortable position

huddled

JOHN D. HUTCHISON, & Co. Hongkong.

837 Inner Springs- in Individual Pockets

Scientific observations have proved that you cannot get tely rested on a lumpy or a sagging mattress.

in a hollow. Things like this leave nerves and muscles only pay rested. And the lines they write on your face are known as lines ofmattress fatigue.

But there IS a mattress that is bientifically built for completely relaxing eloop the Simmons Beautyrest Mattress.

In this famans mattress are 837 tiny cells of finely tempered steel, each in its individual muslin pocket..

They buoy you up. You feel no pressure. No restriction. You, can turn in your sleep without knowing it! Every inch of you geta gloriously relaxed!

1934-04-19 — Page 17

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