1934-04-24 — Page 7

HANDS OFF CHINA LOCAL RECEPTIONS

BRITAIN QUESTIONS

JAPAN

MINISTER OF INDUSTRY IN NANKING

THE HONGKONG TELEGRAPH.

PHILIPPINE ARTISTE.

VALLEJO AND ANQUITA RETURN APPEARANCE TO-MORROW

Dificulties eonfronting China's in-

Professor Ernesto Valleja, a master London, Apr. 23,

dustrial ploneers, and prospects of Speaking in the House of Com-lowering China's tariff rates on Hong of the violin, and Professor, Esteban mons today, Sir John Simon, the kang imported Chinese manufactured Angulta, accomplished planlat, both Foreign Secretary, announced that goods, formed the subject of a highly of the Conservatory of Music, Univor- he had addressed a communication informativo speech given by Mr. Chen sity of the Philipaines, ato making the May Institute to-faorrow at 6.30 p.m. to Japan for the purpose of clari-Kung-po, the Minister of Industry in their second appearance at the Helena fying the recent Tokyo declaration the Nanking Government, at

Both of theno musicians are artists respecting Japan's hegemony In the Chinese Chamber of Commerce yes- terday afternoon, when the latter in- Far East.

stitution gave a ten party in honour of remarkable ability. Vallejo has that can, be 'secured in the United States and Sir John said the Tokyo Foreign of Mr. Chen Kung-po's visit to the had the best training

Colony:

The Nanking plenipotentiary was among his teachers have been Fritz Office statement "appears to have

Chair- Krelaler, Kneisel, Jacoberen welcomed by the Chamber's

return to tho been inspired by apprehension of certain dangers to peace and the man, Mr.. Wong Kwong-tin. Accom- Elman. Before his good relations between China mpanying Mr. Chen Kung-po during Hia Philippine Islands ho played concerts musical critics of Japan, or to the Integrity of China, present tour of the Malayan States in New York City, which was the which might follow certain actions and Saigon in another Nanking of praises of the

cial. Mr. Ho Cheuk-yin, head of the metropolitan newspapers, China." by other powers in

Trade Mark Burcan in Nanking, who He is the possessor of a $10,000 None of these dangers could pos-wave also at the reception.

Mr. Weng Kwang-tin aid that it Ferdinand Londolin Violin, given him sibly be connected in any way with British policy in Chinn, said the rave him and the Chamber's members by Henry Seligman, an American

politician's Vallejo's ability." Foreign Secretary. British policy the greatest pleasure to be honoured hanker who was greatly impressed by

with the distinguished Ims at avoiding such dangers,

visit. The residents here had heard soi "On the other hand, the general much about Mr. Chen Kung-po's Four

and

Years Industrial Plan for China and ly he considered that the most press saracter of the statement, and cer- his accompileliments in the establish sing need of the day was the Im in details, such as Japan's objecment of the Nanking Experimental provement of the farmers' condition. in to outside financial assistance Farm, the Sulphuric Acid Factory, the At the present time the purchasing ting given China, made me think Fishing Station at Shanghai, the Cen-power of China's farmers

Was

cx-

i necessary to communicate heith tral Machinery Factory, the Brewery,tremely weak, China's farmers con the Nanking Iren and Steel Factory, siltutes from 92 to 90 per cent of the Span," the Minister added.

total population and it was to this lete.

enormous section of China's popula

te had learned, he said, that the Nie had been communicated to the, itish Ambassader ut Tokyo who ws delivering it immediately.

French Interests,-

Statistical Importance.

in

and

Ploneer Dificulties.

un-

In is reply, Mr. Chen Kung-po ex-tion that manufacturers both at Home

the and abroad had to look for buyers. pressed high appreciation of

Qucation of Consumplian Chinenc Chamber's welcome and enter-

credit the condition tainment. He and that, while it le understood that the Note Nanking, he had received reports or of the farmers remain in such

highly unantisfactory and reinds Japus of the Nine Power news concerning trade depression in a Traty provision banning exclusive Hongkong and the Mainyan Stales, economical state, it would be a wasto prvileges in China for any un-although his primary object for the of time and money to build factories iin. The Note will be published present tour to study the condition of to produce goods in China. Mr. Chen on Wednesday in all probability-Chinese merchants abroad wax cen- Kung-no elted the example of ter tred on the condition in Malayan many. whieht, despite its position as Vited Press.

States. He believed that trade depres- a good seller in the Industrial world, sion comitions were much similar be- depended on Home consumption of over 96 per cent of its goods. China, twen Mainy and Hongkong.

Mr. Chen added that in the course therefore, must first solve the credit London, Apr. 21. Mr. A. E. L. Chorlton, in the of the speeches delivered at the Chin- and economic conditions of the far- Huse of Commons to-day, drew at-ese Manufacturers Chamber's dinner mers before proceeding with R in-

in his honour on Sunday evening, he dustrial schemes. tation to the reputed order for and heard much about the local mer gods to the value of £25,000,000 chants' grievance against high tarif in rates on Chinese manufactured goods,

Touching on the obstacles which the okalned by French interests

which in turn has been blamed as one Mnchukuo.

of the chief causes of the present de Nanking officials had encountered in Sir John Simon, Foreign Secre-pression. But, it has cecurred to him its reconstruction works, Mr. Chen to that a distinction must be found to Kung-po revealed the difficulties in ty; replied that according Jianese newspapera, a provisional what extent the Chinese trade's de connection with the opening of the agreement for the supply of rail-pression was due to the effects of the Nanking Iron and Steel factory and Electric Plant at Ichang by utilising wy material by a French syndicate world-wide depression as to what the project for the opening of fin

percentage the local depression hit been concluded by the South the direct result of high tariff rates Machurian Railway.

"Hongkong being a free trade pert, It was understood, he said. that de agreement did not involve said Mr. Chen Kung po, "I don't think

rge um. and certainly not the mount mentionul by Mr. Chorlton. Lord Winterton, 3. P., Unionist. 1sked whether adequate assistance was being given British consuls,

wing to the non-recognition

On Sunday, Mr. Chen Kung-po was Manchukuo, to enable British firms work out such statistics, without the honoured uest at a dinner given

tender there.

which the Nanking meials could not by the Chinese Manufacturers Cham- the quest were Sir Johu replied he was satis- find a reliable basis for finding out the ber, in which Mears. Chan Lim-pak,

In Lan-chuen. and! Service remedies for Hongkong's grievance.

Purchasing Power.

among the speakers. Mr. Chen Kung- Turning to the depressión i Chino, po will be leaving for Saigon by the Mr. Chen Kung-po said that personal- Chenonceaux, to-day.

of

fed that the

Consular operated no less effectively recognition of Manchukuo been refused-Reuter.

since

had

In China.

project required à capital of $50,000.- the water power there. The latter

DO,

The gathering at the reception in- elude Mesars. M. K. 1, Li Sing-kui, such statistles, which can show dis- Tang Shiu-kin, Tong Shun, Li Yau- tinctly the difference in percentage of ting, Chow Tuyg-sang, Ip Lan-Chuen, these effects, could be obtained off- Chiu Chen-yu, Lui Yam-shuen, Chan hand." He suggested that the Chinese Ping-au, and over seventy other, mem- Chamber of Commerce and the Chin- a few ose Manufacturers Chamber's officials should co-operate and solect experienced and interested members to

bera.

Sunday's Reception..

TUESDAY, APRIL 24, 1934.

SHARE PRICES

TO-DAY'S QUOTATIONS

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

Banke

HK. Banks, $1840 b. II.K. Bank, (London), £137 n. Chartered Bank, £16.

AA Marcantilo Bank, A.

£28 11 Mercantile Bank C.; £18 n. East Asia Bank, $93 n, Am: 0. Finance Corp., Sh. $20 a China O. Fin. Ord. Sh. 34 1. China 0. Fin. Prof, Sh. 25 n.

Insurances.

Canton Ins., $322 n. Union Ink, $695 b. China Underwriters, $1.20 b. China Firo, $525 n. H.K. Fire 1n, $215 b. International Assce, $6.

Shipping.

Douglas, $35% b. H.K. Steamboats, $124 n. Indo-Chinas, (Prof.) 880 Indo-Chinas, (Def.), 883 n. Shells (Beurer), 51/3 n. Union Waterboats, $11.30 b.

div.

Mining.

Antamoks, 70 cts. s.

Balatocs, $35 n

Barulo Gold, 42 cto. n. Benguets, $34 11:

Benguet Exploration, 25 ets. n. Benguet Goldfield, 20 cts, n.

Big Wedge, 12cts n.

Gold Creek $84.

Ipo Mining, $4 n.

Itogons, $7 u.

Kailan, 25/- 1.

Langkats (Single), $18% n. S'hai Explorations, Sh. $1.00 n. S'hai Loans. $5. Raube, $15

b.

Venz: Goldfields, $6.50 n.

Docks, etc

I.K. Wharves, $103% .. 11.K. Docks, $10 b

NO EMPIRE FAIR THIS YEAR

BUSINESS SUPPORT NOT FORTUCOMING... ·

Hongkong Is to have no Empire Fair this year nor is it likely that one will be held In either 1935 or 1936,

The reasons given are that the majority of leading firms in the Colony are not in favour of the project and that tho promise of assistance to an extent that would ensure the necessary capital expenditure involved was not forthcoming. The mailer has been before thei Empire Fair Committee on several occasions and early this year they considered a preposal to minke tho then contemplated Exhibition for 1934 an "Anglo-Chinese Ex- hibition," to contain exhibits, not, only from the British Empirej but from China as well. The schome would

capital have involved a

approximately x expenditure of

$50,000.

S. China Motors A., $2 B. 9. China Motors R., 8 u, Providents (old), $1.80 b. Providents (new), 75 cts. n. Hongkaws, Sh. 3360 n. New Engineerings, Sh. $5.20 n. Shanghai Docks, $180 n.

Cotton Mills.

Ewo Cottons, Sh. $10.90 g. and an. S'hai Cottone (old), Sh. $75 n. S'hai Cottons (new), Sh. $49 n.' Zoong Singa, Sh. $18 n. Wing On Textiles, Sh. $70 n.

Landa, Botels, etc.

II. and S. Hotels, $5.85 1. II.K. Lands, $62 8. S'hai Lands, Sh. $20 n. Metropolitan Lands. Sh. $14. Humphreys, $11.20 n. II.K..Realties, $6 n.

Asia Realtics "A" Sh. $140 n. Asia Realties "B" Sh. $20. Chinese Estates, $85 n. China Realties, Sh. $10. China Debenture. Sh.$137 n.

Public Utilitiea. Tramway, $20x70 sa, Peak Trams (old), $15.90 n. Peak Trams (now), $7% . Star Ferries (old), 596 s. Yaumati Ferries, $21

n.

C. Lights (old). $8.90 su. C. Lights (we), $8.b. II.K. Electrica, $713 b. Macao-Electrics..$28

n.

Sandakan Lights, SS a. Telephones (old), $23. and

While the scheme met with the members, general approval of

Home opposition, it is understood, was encountered to the iden of holding an Anglo-Chinese Exhibi- tion.

It was then decided to canvass the leading firms In Hongkong] and place the scheme before them. This was done and some firma, a few in number regarded very

The the proposal cheerfully.

unen- majority, however, were thusiastic about ft. Some went ng fur as to say that the nature of goods they sold was such that not affect the exhibition, would' their sales and it would therefore be of no use for them to take part. The Main Reasons. The principal reasons given for viewing the project with favour were:

Whiteaways

WHITEAWAY LAIDLAW &

“SAFETY FIRST"

MOSQUITO NETS

NOTE REDUCED PRICES.

The Mitelaw

MOSQUITO NETS

One of the purest safeguards against Malarla is to always sleep under, a Mosquito Net." Our Mosquito Nots will give you adequate protection against mosquitoes and other gorm- carrying insects. The nets are generously mado with ample fulness at corners from good English made netting. Ample allowance for shrinking.

SQUARE SHAPES.

For Children's Cots 2% by 42 ft. For Camp Cots 22 ft. wide For Beds 3 ft. wide

For Beds 31⁄2 ft. wide For Beds 4 ft. wide For Beds 41⁄2 ft. wido For Beds 5 ft. wide For Beds-52 ft. wido For Twin Beds 7 by 7 ft.

$10.50

$12.95

$14.50

$15.50

$16.50

$17.50

$18.50

$19.50

$25.00

ROUND STYLE.

dia-

For Childran's Cots

$12.95

of

For Camp Cots

$14.95

For 3. ft. Beds

$15.50

For 3'6" Bods

$16.95

For 4-ft. Beds

$17.50

For 4'6" Bods

$19.50

at

For 5 ft. Beds For 5'6" Beds

$21.50

$22.50.

$29.50

articles 1.That staple trade. such as flour, sugar, and into textiles, found their way China by certain definite channels of trade and the exhibition would have no effect thereon:

2.-That manufacturers Home would be ready enough to supply samples for exhibition, but would expect local importers to bear all the expense of reating and fitting up stalls;

For Twin Beds

ANY SPECIAL SIZE MADE TO ORDER.

FIRST FLOOR SHOWROOMS WHITEAWAY, LAIDLAW & CO., LTD.

3. That in these bard times Importers were not willing to carry that expense; that staffs were down to a minimum and that on the days of the Exhibition their offices would be so diagr

"I still hold the view" he con-" ganised that the trade turnover this year,

The lion. Mr. J. P. Braga, in tinued" and I believe there are for the month would be seriously

with me that a reduced and they expected no an interview yesterday, stated many others In Hongkong who compensating benefit from the that his personal views was that share that view

which is decidedly Exhibition, efther directly or in-an exhibition such as that con- small local Fair for local retall

templated could not be held trade directly.

"The organising of a large ex- There

only one ellice, socing that the merchants them should be held every year.

sny selves were not in favour of it. which declared there was

From the experience of past. trade benefit from the last exhi- Moreover, they were unable to hibition is in itself expensive.

promise assistance to the extent [bition.

fact that it in It was on this ground that the of ensuring the necessary capital years I think a smail Fair has in

volves-little-expenditure... Committee felt that they were not expenditure involved in such an its favour the Justified in holding an Exhibition exhibition.

was

onc

CAPSTAN

for

HIGH

Quality

LILIAN

HARVEY

COMING TO

KINGS

FOX FILM" I AM SUZANNE

92.

Telephones (new), $12

n.

China Busca, Sh. $13.40 n.

Singapore. Trnctions, 5/- . Singapore Pref., 16/10% n.

Industriala.

Malabon Sugars, $12

n.

Cald: Macg. (old), Sh. $21 n.

Caid: Macg. (Pref.), $19 Canton Ices. $2.00. n. Cements (old), $2.40 n. Cements (new), $2.40 n. H.K. Ropes, 56 n.

Stores, etc. Dairy Farms, $26 b. Watsons, $6.45 n. Der A Wings, $1 n. Lane Crawfords, $1 n. Mackintosha. $21 D.. Sinceres, $13 n.

b.

n.

Wm. Powells. $1.00 n. Wing On (I.K.), $110 n.

Miscellaneous. Annusements, -$34 II.K. Entainments. $9 n. S.C. Enterprisca, 81% n. United Theatres, Eh, 32 n. Macao phonnis," $2 11. Construction (old), $14 b. Constructions (new), 70 ets. b. B. Ind. G: $ Bonds, 88% n. H.K. Govt. Loan, 842 b. prem. Wallace Herbera, SK #.

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