1936-01-08 — Page 7

FIXED TRUST MOVEMENT

ASSOCIATION · NOW FORMED

London, Jan. 7.

the Committee representing Managers of a number of Fixed Trusts has issued a statement with reference to the report of the Stock on the Exchange sab-committee Fixed Trust movement, published at the end of last week.

11

|CABARET GIRLS. SUED

FORMER EMPLOYER CLAIMS

RETURN OF TICKETS

The system of employing cabaret girls in local dancing halle was re- vented at the Summary Court yester- day afternoon in the course of an action brought by Mr. Denis Victor, proprietor of

Licto Dancing Academy, against two of his former employees, Dora To and Liu Phui-yuk, claiming the return of dancing tickets and money lent.

the

THE HONGKONG TELEGRAPH. WEDNESDAY, JANUARY

LONDON STOCK -EXCHANGE

LATEST SHARE

QUOTATIONS

The following quotations on the London Stock Exchange have been received by Mesore, Swan, Culbertson and Fritz in conjunction with Reuter.

Jan. 8. Jan. 7.

£102 £ 94

British Government Securities War Loan 3% The first defendant, Dora To, was

redm. after 1052 £1053% £105% sued for $47.62, of which sum $10

Chinese Bond The statement welcomes the investi-was for money lent and the remala-

(Eng, Ina.) **** £1024 gation conducted by the Stock Ex-der was for 301. dancing tickets, 44% Bonda 1898. change Committee and notes with valued at 25 cents cach, lean 50 per 4% Loan 1809. G satisfaction the testimony paid by the cont, commission. The claim against 6% Lonn 1912. £ 70% 74%

the second defendant was for $33.12, report to the genuine public demand in respect of which $10 was 16% Reorg. Loan

1913 (Iain. Ins.) £800 fa atisfying which the movement

money lent and the feet for 1855% Golf Bondn

commission.. protection

1025-47 Recognising the need for prote

While each admitted having bor- of the movement against abuse in the tickets, less 60 per cent.

6% Shai-Nanking hands of undesirable promoters, the rowed $10, both defendants derled

Kly

Tient-Pukow statement announces the formation of that the dancing tickets were the pro-re

Kly, perty of the plaintiff, and put in coun properly constituted Association of Fixed Trust Managers, which will co-ter-clains for $13.75 and $14.02 re- Tient. Pukow

5% operate with the Trust in an approach spectively, being 60 per cent, com-

Railway (Supl, Loan) to the Beard of Trade, with a view mission on the tickets which they to the promotion of legislation as alleged they had lained while works Honan Rly £28

In the Academy.

5% Hukuang Rly.

1011 Committee,

6% Lung Tring U.

Hai Hly. 1913. £10

Foreign Bands and Banks German 7 Int.

£ 3% Loan 1024 Japan 6% Sto ling

Loan 1907.... I 85% Japan

0% Sterling

advocated by the Stock Exchangeing.M. A. da Sivá appeared for the

Membership of the proposed asso-plaintiff, and Mr. G. S. Ford was for eintion in the meantime will be limited the defendants. to managers of Fixed Trusts which Recept the draft rules and regulations drawn up by the Stock Exchange Committee. British Wireless,

PIANO RECITAL

MADAM MASSON

DELIGHTS

Mr. Slyn told the Court that the amount involved was inconsiderable. but the action was brought in the nature of a test as there had been too miany cases of enbaret girls retaining the tickets and converting them to their own benefit.

Bystem of Employment The system of employing dancing partners, as practised by most of the local cabarets, was on a commission basis, mithough in some of them there In the was the question of salary, present case the defendants were not employed on a salary baals but only on commission, namely 50 per cent. of every ticket they obtained from customers. These tickets were valued

A large and enthusiastic audience gathered at the Helena May Institute last night, when Madam Madalah Masson gave great delight in a plan forte recital which again demonstrated her marked talents. Amongst those present were . E. the Governor (Sirat 25 cents each. Andrew Caldecott), Sir Thomas and Lady Southorn, Sir William Hornell. and other leading residents.

hy

The

A

of proprietor

dancing academy sold the tickets to the cur tomers who in turn gave them to the girls after they had danced together. After the right's work was over, the girls were to return the tickets to the theprouristor, who entered them up in a ve book against their names and gave them the commission every Aftern days. The girls were entitled to only 50 per cent. of every ticket obtained from customers. They received them in the expneity of agents for the pro-

The programme submitted was note. worthy for its variety and for the

maintained high standard pianiste in all her numbers. Madam Masson infected her personality into all that she did. displaying a marked understanding of the various Jhemes treated, and demonstrating her amuz ing technique in some of the more difficult works,

prietor.

The appreciation of the audience

There had been many cases of was demonstrated by rounds of "p-cabaret girls retaining the tickets and plause after each number, culminating converting them to their own benet, nn average, 40 with a real ovation at the close of They received, on

tickets a night, and they only return- the recital.

ed hout bit of them to the pro- prietor, keeping the remainder in their pockets to sell to customers, thereby pocketing the whole of the proceeds.

GLASGOW COAL DEPOSIT

PROMISE OF MORE EMPLOYMENT

checking As a result of this. ystem was introduced in most of the The names of local dancing ball. all the girls were entered in a book and a clerk was employed to make a mark agaust their names every time they danced. After the night' work wne aver, this was compared with the Deleris returned by the girls. If the tickets turned in did not compare with the frures in the book, the girl wes warned, and if this was repeated she would be dismissed,

London, Jan. 7. A proposal is under consideration for the development of a coal deposit worth near Glasgow, estimated te he

and calculated Keven million Lo give emament to nearly a thousand, men for about forty years.

How Trouble Started Two large Scottish colliery firms are

The facts of the present case said interested in the proposals, which will shartly come before the Railway and Mr. Silva, were that the twn defen.

joined the Lio Canal Commissioners. The deposits dants lle ander un estate which the Glasgow Academy some eight months ago from

Corporation has under development for housing-British Wirclean.

PREMIER BACK IN LONDON

CABINET MEETING

PREPARATIONS

London, Jan. 7. The Prime Minister, Mr. Stanley who returned to Downing Baldwin, Street yesterday, continued to-day his consultations with his ministerinl colleagues, preparatory to the meet- ing of the Cabinet next week.

the

Dancing

£ 99% £99

£ 00 £ 69

£ 32 £ 32

£31

£ 31 £ 28

£47 £47

.

£ 19

59%

£ 85

Loan 1924... £ 97

£ 97

HIK. & S'hai Bk.

£ 97

£ 13%

37/3

37/3

4379

(Lan. Regd.). £ 17 Chartd. Bk, of I.A.

& C.

Commercial and Industrial Allied Ironfound-

Industries Associated & Elec.

Austin Motors ord.

nh. Bouts Pure Drug British American' Tobacco (bearer) Canadian Celanese Chinese Eng, and Min. (Bearer). Courtaulds Distillers

Dunlop Rubber Elec, and Musical

Industries General Electric

(England) Hawker Aircraft Impl. Chem. Ind. O.K. Bazaar Impl. Tebacce Raila Royce S'hai Elec. Constr. Tate & Lyle .... Turner & Newall United Steel Vicker's ord. Watney, Combe & Reid def, ori... Woolworths

Anglo-Dutch Guin Kalumpong

Rubber Pekin Synd Rubber Plantation Invest Trust ..

4370 43/3 50/3 60/-

14/4 xd 115/9 125/-

NEW YORK STOCK EXCHANGE

MARKET UPWARD

Live

YESTERDAY

New York, Jan. 7. Dow Jones's summary of yester Swan, Culbertson and Fritz; dag's markets received by Mosera

8,

1936.

RADIO BROADCAST

Talk by Chief Engineer

Of the B.B.C. ・・

THE WAIKIKI TRIO

From 2.B.W. on a wavelength of 366 metres (845 kilocycles):

4-7 p.m. Chinese Programme. 6-6.15 p.m. Children's Studio Con-

Stocks to-day wore higher as traders took the Supreme Court's decision regarding the Agricultural Adjustment Administration as a omen. Utility securities advanced on the possibility that the forthcoming Tennessee decision regarding the Ynlicy Administration would

Government. unfavourable to the Railroad issues rose when carriers at Musle. Lacked the legality of the Railroad Сотрану

bo

cert

7-7:30p.m. Military Band

7.30-8 p.m. From the Studio.

a Songs of Wales.

A Violin and Pianoforte Recital by Jose Radesky and Mona Maclean. Programme

Ruy Blas Overture (Mendelssohn); Act. Dow Tancredi Overture (Rossini); Mirella Jones' railroad utility averages-Overture (Gounod); Marching with –

1034 saared to the highest level since and the industrial average also joined rallied. in the trend. Meter issues Food shares registered good gains showed slight advances. olle Even farm shares recovered from

(Frim]); their low levels. The market for 2. Second Selection "Lilac Time": bonds was strong and active. Stocks Schubert, as Violin Solos:

were active

Rigoletio Sibelius. on the Curb Exchange

Singelce, 4. La Paloma and higher.

The Wall Street Journal states:- the The Immediate results from Invalidation of the Agricultural Ad- Justment Administration by the United will probably States Supreme

to com- that are de

be condition's con-

modities

pendent on tho

A

trol measures, but the long-range re- sults are likely to be beneficial. reduction i in retail prices

“ዓ

1. High Jinks Waltzes;

Triste

Valse

Yradier.

H p.m. Time and Weather Report. 8.03-8.15 p.m. A Relay from

Daventry.

A Talk by the Chief Engineer of the British Broadcasting Corporation. 8.15-8.35 p.m. From the Studio. Selections by "The Waikiki Trio."

Programme

1. My Isle on Hito

is now like. Street Rag;. 3. Beautif Fort

G

Kahana;

4. Molokal; 6. Wailana Waltz.

8.35-9 p.m. "Symphonie Espagnole for Violin and Orchestra" (Lalo, Op. 211)

played by Branislaw Huberman and the Vienna Philharmonic Orches

tra. before

9-9.15 p.m. A Relay of the Daven- try News Bulletin (Copyright by Reuter).

9.15-9.38 p.m. Four Songs from Girl" sung by Jessle "First n Matthews.

1. Everything's in Rhythm with my

I can heart; 2. The Little Silkworm, 3. Say the Word and it's yours, 4. Wiggle my ears.

9.30-10 p.m. From the Studio. "Rebels in China" by Professor C. A.

Middleton-Smith.

10 p.m. Big Ben. 10-10.13 p.m.

Nat Gonella and

The Court's decision will enable 1y. large annual savings by the tobacco, food and textile manufacturers. Railrend companies expect traffle gain. Technicians anticipate further market reactions

The recent resistance stabilises. strength of Celanese rayon issues i due to gossip that manufacturer's jirices will be advanced shortly.

5. C. and F. New York Office Cables: The market closed strong railera turned bullish in their out- look. Hailroad and utility securities were the best performers. The Bell System station gains were 47,848 in December against 21,146 in December, 1934. The American Water Works and Electric Company earned $1.22 per share for the year ended Novem- ber 30th, 1035, against $1.02 per share The Corn Products the previous year. Refining Company's prices have been reduced from 10 to 13 cents per 100

lines willst major

are being 158710156/10% | We, wil

.40/-

restored to their pre-Tax levels. The Corporation proposes Republican Lo issue refunding bonds to the total

$16,000,000. Business of

to 217 week amounted during the

'the previous fallarce, against 170 week. Demand deposits amounted $13,888,000,000 as compared with $13,-

week. The This Evening's Broadcast From 785,000,000 the previous value of stocks listed the Stock

The German Short-Wavers Exchange totalled $10,045,000,000 on December 31st, compared with $44, 160,000,000 on November 30th.

Cotton:-Polentint buying on

that the removal of the Process- ing Tax, lower costs

of goods and increased consumption

121/8

12/-

11/9

60/-

6073

98/3 9873 41/0 40/6

27/4

27/3

74/9 76/- 2076 29/0 37/3 37/3 63/- 5379

16377% 156/3

46/-

74/9

887- 887--

74/0

31/0

31/10

20/4

20/3

78/6

78/6

118/0

118/9

Miscellaneous

27/6

27/8

2-1/-

24/-

173

1/3

3176

31/3

Mines

11/6

1174%

10/-

9/9

54/6

51/3

Op-

Я/3

45/-

-457-

256/3 2057-

106/3 100/%

Oils

69/41⁄2 70/- 81/10 82/6

83/9 12/-

84/416

487-

Burma Corpn.... Common wenith

Mining Randfontein

Estates Spanrwater tions. Springs Mines Sub-Nigel..... Bhokana Corpn.

11/6

287- Reuter.

U.S. FACES SERIOUS ISSUES

Anglo-Iranian hall which had Dreamland dancing

Burmah then been closed down. There was no

Shell Trans and and em- employer trouble between

Trad. (Bearer) ployees for the first few months. until September 30 Inst year when the Chosen Corpn.

Invest- Dreamland re-opened. The defend- Maraman

ments, Ltd..... ants were apparently desirous of re- Joining that dancing hall, for from then onwards, they invariably failed to return the number of tickets mark- ed against them. They were asked by the plaintiff, from time to time. for the roturn of the tickets, but on every occasion they put him off by saying they would soon hand in the whole lot. The plaintiff did not agree to this arrangement, and there was a certain amount

On of trouble. October 14 the defendants did not turn They had re- up at the Academy, joined the Dreamland,

A demand for the return of the made tickets

was subsequently through a solicitor's letter. In reply to this demand a letter was received

(Continued from Page 1)

debenture, equalisation fee or domestic allotment plan; (3) The separation of processing taxes from production control; (4) Proposals to curb the power

of the Supreme Court; (5) State crop reduction under a

Federal subsidy.

The American Under Secretary for State, Mr. William Phillips, who is in London in connection with the Naval

Meanwhile the pay of 6,646 A.AA. Conference, was also one of the from Mr. James Heaney, the manager workers has been suspended and the Premier's visitors this afternoon of the Dreamland dancing hall. British Wireless.

was to the effect that, according to payment of more than $280,000,000 to

the farmers has been withheld.

MORE VEGETABLES

·FARMERS' UNION

་

It

the system prevailing in the local cabarets, the defendants were entitled United Press.

to keep the tickets, and furthermore

the plaintiff owed them a certain

amount of commission.

GROWN

REPORT

Liff.

London, Jan. 7.

INDUSTRY'S REACTION

New York, Jun. 7.

hellef

of

failures

ON

his Georgians.

1. Pidgin English Hulo, 2. Peter You're so nice, 3. Truckin'. The Chost of Dinah.

10.13-10.30

p.m. "Please Teacher",

Excerpts from

10.30-11 p.m. Dance Music. 11 p.m. Close Down.

ZEESEN PROGRAMMES

for Par Eastern Specl*) Progr lateners wit be broedeens from Zameen follows: the

is

Freed by fears of increased acreago

und the possibility of the release of 560,000 bales of excess quota cotton now in the hands of farmers. It in Court's

believed that the Sapvalidation of decision for

forecasts the

all Federn! control.

crop

There is n

indication that the Court's decision will disturb Government holdings. A

billa is flood of

of new control bills

expected

in Congress. We would suggest cau- tion as indecision is still

Wheat: Apprehensions

an increase in Spring wheat acreage and the absence of Government con-

SOUTH ABIA ZONE (South Asia Zone, broadcast frans DB. (19.74 metreel and DJN (31.45 metres).

OJI 19.4 m 36,200 ke 1.39-3 13 19.74 m 10.300 ke 31.46 m 9,540 ke

DIN

Dan.

D.m 4.45-8.13 p.sh.

4.45-8.36 2.3.

DJA

10.74 m 15,100 kep.m.-17.30 ■.15. DJN (German, 4.43 p.m. Call

Aung, Forecast (Germ.

G

Falk Englah). German Programme

Engl

p.m. Woman's Hour: A Talk with

National-Boclalist itousehold Ald Worker.

4.30 p.m. News in English,

45 p.m. Let's sing Folk Bang together!

8 p.m. luze eames the Music-Man..."

6.15 p.. News in German.

7 p.m. Cenzert of Light Music.

8 p.m. Now in Engilah.

6.14 p.m. Close DJB, DIN (Germ.. Engl).

EAST. ABIA ZONE

East Asia Zone broadest through DJQ on 19.63 metres (15,250 k.e.) 1.80.3 p.m. Concert,

2 p.m. Call DIA, DIN (Germ.. Engl.) German Felk Bang, Programme Forecent (Germ. Engl.)

A Talk with a 9.15 p.m. Woman's Bourt

National Socialist Household Ald Worker.

trol are delaying the expected large-news at 2 Daft.

mills. The market is scale

buying

by mills. nervous and unsettled.

Rubber: Primaries are steady. All offers have been taken and consumers are buying actuals. The trend of the market la upward.

REUTER QUOTATIONS

Dow Jones Averages Jan. B. Jan. 7.

143.11 30 Industrials. 20 Raile

-41.43

20. Utilities.

9.30 p.m. Let's sing a Foik Bong togethert. 1.45 pm. News In English on DIA and

In Dolch on DJN,

10 p.m. "tar Pasman."

F1.13 p.m. News In German on DJA and

DJN. 11.30 p.m. Today in

Pletuces. 11.6 p.m. "The

Bebaßner

Germany.

Port

Sound

speake," Jakek

A Turnost In There-Quarter Time.

12.15 a.m. News in English on DJA and

144.92

42.44

12 k..

30.05

30.07

40 Bonds....

99.47

D0.66

11 Commodity

Index

.50.41

56.d5

EXCHANGE RATES

The big factor in the outlawing of Paris.. Mr. Silva concluded by saying that, the Agricultural Adjustment Ad Geneva..

Berlin.. according to the letter of Mr. Heaney, ministration, with reference to the

Athens. the girls admitted having possession farmers, lies in the fact that surpluses Milan of the tickets, and asked the Court to

have been wiped out by drought and order them to be returned to the plain the A.A.A., on which account it is be. Shanghai.

prices cessing taxes the plaintif then went into the lieved that the elimination of the pro- New York. A statement issued by the National witness-box; and after he had given fine with foreign Farmers' Union draws attention to evidence substantiating the statement

the increase in land under cultivation of Mr. Silvo, the case was adjourned? now outlets for the farmera, opening |

for vegetables during the past decade. until February 11 at 10 am.

Extensions are shown for all crops, onions, and for Brussela

except sprouts, cauliflowers and green pens the Increases are from 20,000 to 34,- 11.700 to 19,500, and 42,- 100 acr 700 to 63,000 respectively.British

HAUPTMANN WARNED

Trenton, Jan. 7,

warned Prison attendante have Bruno Hauptmann, condemned to die for the murder of the Lindbergh baby, that he will be executed on the night of January 17 unless the Court of Pardons grants him a reprieve or commutationUnited Preas

BRITISH FINANCES

لاية

Amsterdam.

Jan. 0. .74.23/32

15,1015 12.26

In Dutta en. DIN.

12.10a.m. Clues DIA, and DIN (German.

Engl.)

DAVENTRY PROGRAMMES

To-day's Broadcasting From Four Transmissions

The following were-lengths and frequencina are charred by Daventry,

Call Sign Frequency Wavelength

180

4,050.

1.510 ..

49.59 metres

21.55 metres 31.39 metrva

metre

+

3053

19.82 metres

18.56

12.97 tras

metro 13.53 matres 43.10 tess

· 10.60

4.130 .. Transmission 5

(G.S.A. and 0.8.0.) · 1101

Jan. 7. 74.51/04

CBA

16.17

GBU

12.20

G30

1.185 k..

con

01

0116

GSE

11,750. k.. 11,900 ke

18.28

520

020

CAP

18.140

kc

1/24

1/2

GBC

.4.92.15/16 4.93.1/18

17.790 ke 21,470 .c.

.7.28%

7.27

16.280 k..

QBJ

$1,550 .co

2014 .118 G65 .36.1/16

110% 1/3.0/16 .29.30 .39.11/16

1217

4.94144 1/2.1/32

26

CSL

110

067

36.1/16

1/8.9/16

7

20.01

39%%%

4

217

4.04%

1/2.1/32

3.15.

The News

|

Buenos Aires,^«

10

20%

Transmission 0

205

105%

Brillah Wireless:

1059%

(4.8.0. and G.B.L.) 1. lx

Dativ

Afixed · Plekizm-mith

Vienna.. Prague.. Bucharest New York sugar traders kave ex-

Madrid. firessed the bellef that the Jones- Coatigan quota system will also be in Lisbon validated, through which refiners have longkong..

Brussels. adjusted prices, eliminating the pro- Monte Video cessing tax.

Belgrade.. Chicage Board of Trade operators

Montreal.. London, Jan. 7. Exchequer returns show that the have predicted the release of pent up Yokohamn. total ordmary revenue, excluding self-mill-buying will carry wheat prices in dec

higher. balancing items, amounts to £449,253,-

The mid-West forms leaders sounded Olso... 05, compared with £430,667,802 at the corresponding date of last year, the drums for fight as the President Silver (spot)

exclusive of the League for Economic Equality, Silver (forward).— Tolal ordinary expenditure, of self-balancing items, is £567,056,- Mr. Wendell, said; "If we cannot War Loan.. 800, against £544,838,030 at the cor- place farmers on equality with in- responding data of 1936 British dustry, then we will pull industry

down to the level of the far Wireless.

over throwing Industrial

CARNERA NOT FOR WAR

7.

by

In honour of their first anniversary, The New England textile trade is Jubilant over the death of the A.A.A., the English Forum have decided to the National Association, of Cotton hold their first annual dinner dance Manufacturers hailing it as a boon to at the Hongkong Hotel, on Friday, the Industry.

January 17, from 8 p.m. to 1 a.m. anticipated. Rome, Jan. Recent reports in sporting circles The New York Journal of Com- A record attendance is

Songs by Miss Elvie Yuen, the well known Z.B.W. singer, will be among here to the effect that Primo Carnern merce says; The elimination of the might be called up for service in AAA. programme comes when busi East Africa are now denied and it ness is definitely on the upturn. There the Interesting items of the evening'

little reason to fear anything like programme. Tickets may be bought a drastic declino in farm prices. The from Mr. N. Young at the Shanghal

members, at three dollars each. real test will come with an adverse Commercial Savings Bank, and from turn in business-United Prest.

ANGLO-IRISH AVIATION

London, Jan. 7... Technical experts representing the Dritish and Irish Free State Govern menta met in Dublin to-day to-dig in stated that the big pugilist is cuss the operation of air routes besalling for New York within a few tween the Free State and Britain days to meet the wimer of the Louis-

Schmeling fight-Reuter. British Wireless.

a.m.

Big Br. An Organ Recital by

Arnoid Goldebrough.

1.20 .. Two Playa (1) "Th Mas with

a Molady

Gromwich Time Signal at $ 1.2.

by Hebe Simpson (Soprano) and Franklyn Kelvey

8,10 min, A Recital

(Baritone)..

Edition. Greenwich Time Bignel at 21,30 mm. 31.6 The Nexa.

C

11 p.m. Close "down

7

Transmission 2

(C,B.J. G.B.I. and G.B.D.)

p... Big Tan. Coell Chadwick, at the Organ of the Classic Cinema,

·Belfast.

7.15 p.m. The B.1.C. Northern Orchestra,

Gremwich Time Signal ut ♬ p.m.

1

.. A falk by the Chief Engineer af

of Deltinh Broadcasting

peration.

Car

8.15 p. Vellt and his Hangsilan

Orchestra.

1 p.m. The News,

(Continued on Papi 4.)

Comfort in Pyjamas

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