NOTICE
CHINA LIGHT & POWER CO., LTD.
Notice To Shareholders Notice is hereby given that the Directors of China Light & Power Co., Ltd, intend to recommend at the Company's next Annual General Meeting a Final Dividend of 75 conts per share for the year ended 30th September, 1959 on the Company's shares.
By Order of the Board of Directors,
A. A. M. ONSLOW,
Secretary & Chiet
Accountant.
Hong Kon
26th November, 1959.
NOTICE
CHINA LIGHT AND POWER COMPANY LIMITED
Notice to Consumers
In pursuance of its policy of progressive price reduce takes tion, the Company pleasure in announcing the in the following reduction
Territories lighting New rate which will become effec- tive from int January, 1980.
NEW TERRITORIES Ordinary Lighting: Re duced from 37 cents to 20 cents per unit.
on n
|
THE CHINA MAIL, FRIDAY, NOVEMBER 27, 1959,
WEEKLY REPORT ON THE HONGKONG STOCK EXCHANGE
MARKET REMAINS STEADY
China Light Dividend Increased
Although the turnover was slightly lower on the week the local stock market remained steady with only fractional changes in prices.
had
China Lighis were the main fenture being the mest active
dividend for | Wednesday: stick of the week. Buyers expected a botter the year and this proved to be co:riel when the company an nouneed a final dividend of 75 nis-10 cents better than luot come investors feel year. But that the ecmpany could have done better.
Lights
to roz from $20.70 $21.40 Jesterday and closed at
transactions! Thursday: $21.30. The large
in this stock accounted for most of yesterday's turnover of $24 million.
ul
The rest of the market show-
Ittle or
no movement
continued
Banks were slightly lower. Wheelocks were fractionally better while Hotels unchanged around $324. Hong- Electrics remained the kong
As the charges to domestic throughout the week. consumers are based
reading system, continuous the new charges will apply to meters read on and after 1st January, 1960.
Hmo
Wharves
stayed al their previous week's highest-$144,
By Order of the Board of wil Lands were a fraction
Directors
A. A. M, ONSLOW Secretary & Chief Accountant.
Hongkong. 26th Nov., 1959.
To ADVERTISERS
for
down.
Tatko Docks are un $1.50 on
be wock and appears to the heading higher.
In Stores, Dairy Farms bow- ed some diceline while Watsons were completely neglected.
Brokers teel the increased China Light dividend may help brighten the market as a whole.
Market Diary
SUNDAY POST-HERALD
Врасе
advertising should
booked not later
noon on Wednesdays.
commarcial Friday:
be
than
Monday:
For the SOUTH CHINA
MORNING POBT and the
CHINA MAIL, 48 hours
before data of publication.
Special
Announcements Tuesday:
Advertise-
and Classified
ments as usual.
I
WE
mained firm. Turnover $1,302,000. General im con- ditions were CX- during perienced the half day session with a few prices slight mark-
ed
Turnover was ap- proximately
$1,109,000.
Lights and Rubber Trust
the WETC main centre of at- inction in a mixed bession with Banks showing a declino Elsewhere of $10. rates remained un- changed. The turn- over
amounted
$2,420,000.
U.S. INVESTMENT
to
#K Bank Lombard Union
Wheelock
HK Wharf
HK Really
56
* The Share Market At A Glance ★
Up or
Dividend
Oct. 28
1950
Nov. 5
1070
Nov. 12
1070
Nov. 19 10608
Nov. 26
1050
Downl
& Bonus
--$10
$48
42n
411
$146
413
-390
$2
Yield()
4.53 4.8
Th
84
03źsb
--500
$2.40
4
0.95
0.00
5.70
54xd
5.05xd
+15e
250
4.2
118
128
124
144
144
steady
33
5,5
HK Docks
58
18
154
573
50
-$1.50
9
t
Talkoo Docks
3614
36
371
30
+$1.50
37.80
7.4
Provident
14.90
14.10
15.20
15.60
15.00
#loady
31.10
7.1
HK Hotels
3241
31%
32
221;
1234
steady
$2.50
HK Lands
384
3734
3714
3814
38
-250
$2,40
6.4
1.725
1.80
1.45xd
1.375
1.375
steady
150
10.8
11.
311
3352
3134
13
steady
$2
6.4
132b
131b
233
130
134
steady
SA
6.4
Yaumalis
126
125
127
130
127
-$3
38
6.4
19.00
20.20
20.20
20.10
21.30
+31.20
$1.10
5.
Electrics (old)
24.90
25
24.20
24.80
-100
$1.90
7.0
Electrics (new)
22.700
23.70
23.20b
23.20b
23.40
+20c
Electrics (rights)
14.10n
13.90
13.40
13.40
13.40
steady
RK Telephone G. I. Cement Daley Farm
31
20.00b
29.90
35
30
sloady
11.75
5.8
37
3614
38
3814
38
250
$3.25
9.8
21.20
20
20.40
20,000
20,20
ww-40c
$1.53
1.8
A. 8. Watson
21.00
18.70%
20.20
20.30
20.40%
steady
31
5,1
Lane. Crawford
2414
23.80
23.30
23.90
24,70
+80c
$2
3
Int'l Investment
6.90
BAN
034
5.35
6.400
steady
634
10.2
Allied
4.70
4.025
4.700
4,70b
4.70
steady
25c
NK FE Inv
1214
12.00
12.40b
1214
124b
steady
900
9,80 15.80
9.55% 15.100
8.80
14.300
9
13
8.80
-200
€50
7.2
15%
steady
100
4.6
HK Trans
Star Ferry
Ch Light
Textile Corp
Nanyang
HONGKONG
STOCK
EXCHANGE
by
Our Own Correspondent
Union ..... Lombadd.. SHIPPING Wheelock,
XD
173
a a
41
41030
800.80 8000 500
QUOTATIONS
Securi- New York
et the len Business done kong Stock Exchange this пр- meming amounted to
Noon proximately $1,038.000. quotations and the morning's transctions: National Association
Inc. ties Dealers (Nov, 20):
Вратев Buyers Bellera BANKS HK Dank.
Baler
1045
$5 / 1050
Sellers Buyers
220
10.30
Affusied Fund Am Shr Atom Dev Mut
7.21
7.00
4.00
Fast Aria
A.19
6.67
INSURANCES
Bullock Fund
13.02
1428
There
was wides. pread interest generally with rates maintained.
Canadian Fa
Cras Gen rd....
13.80
15.02
17.03
16.47
Canadian Int Growth Chemies! Fa
OP!
10.50
1121
12.12
over under
Comwith Stock Turn-Dividend Sh
Just Dreyfus Fund!
15.10
18.47
204
3.23
K. What
14.54
15.80
$2ton & 2 Stock
24.14
Dock
Electronics Inv
753
B.23
Found Mit d
10.01
11.5
Tai Koo
3P 34
3.04
6.51
LAND, ETC.
1831
17.50
IK Hotel
32 32.75
Instit Growth
11.21
12.20
0.03
724
11.52
12.307
21.00
23,60
13.28
14.33
13.55
14 65
14.10
13.24
Ris...
#
proximately $1,691,000.
Nat Soc Ser Growin
B.69
1.80
Solder St & C
18.53
18.53
15.51
16.90
RUBBER
0.03
7,40
Amalg
1431
13.00
Trust
Wh 5
the
million mark.
Prices on the whole fit Fd HC-1 were very well Found maintained
for
with
Instit neome no special feature vest Te Boston
Krystone Cust 132 calling
com- Keystone Canada ment. Volume of Mary 3ny Tr Mass Growth business was ap-
Telev El Fa The market was Value Line ro
and Wellington ra fairly active
the undertone of most secilons TC-
TODAY'S DECISION
to become a Depositor
BRINGS TOMORROW'S INTEREST
5%
SECURITY-The Bank's Capital and
Reserves.
SAVING-NO Charges, Brokerage, Com-"
adanion, Fees or Stamp Duties. YIELD-The 5% per annum interest accrues day by day and is paid half-yearly. ASSETS EXCEED £50,000,000
interest paid wälen? dedecison of United Kingdom incombe fax
Write today to General Manager for your copy of "Bank Deposit Account" Booklet No. AO.74
LOMBARD BANKING
Hot Offer..
LIMITED: *BANKERS
LOMBARD MOVIE, DUELON STREET -
PARK LARK, LONDON W.-
* Telastane; 000 4111 dé jako
itssociated Bank
POEZİYON MODELRAFFELN STAT
4 Wick Wide Banking sind Florance Derinlystlane
China Gets Canadian Aluminium
Montreal, Nov. 26. Aluminium Company of Cana- da has sold about 3,000 tons of aluminium to China this year and hopes to make additional sales there, it was learned Thursday, company spokesman Enid the sales have been made on ja spet bosis in the last four or
Ave months."
This was a reversal of the company's
winter policy last when it was felt that sales to the Communist country might produce résentiment in the West.
AP.
1b.:
Yesterday's Closing
DOCKS, ETC.
14 145
50 67 Provident 16 18.00
36
100144
100 144
1030
5500 325
K Land 7714
780 + 37.75 Humphrey 18.00 1020 Ecoity ....
13137525000 1.375
A. Tawah
Sunpain UTILITIES Train
Star Forr Yaumati
C. Light
Electric
1000 or 1.373 60cm or 10c
7000 10c 21050 + 100
3,72 3.30 5000 3.73 0000 3.75 550000 € 4.95 4.00
*2.70
31 3311⁄2
180133
מל.24
WEST GERMANY LEADS
FREE EUROPE IN
TRADE WITH MALAYA
Kuala Lumpur, Nov. 26.
West Germany's determined export drive ranks her as Free Europe's lead- ing nation trading with the Federation of “Malaya and this country's fifth best customer.
INT'L SUGAR CONFERENCE
IN TANGIER
- Both as exporter and Import- er, West Germany stands head and shoulders over dozen other Froe European nations with the having trading tes Federation.
A survey of troding patterns between Western Europe and Ger- Malaya shows that West many last year led other Euro- pears nations with exports totalling MSB3.1 million and im- ports amounting to M$139,7 Tangier, Nov. 26. International
Sugar million Conference got underway on Thursday and accord- ing to some delegates was complicated by the ab- United
The
ITHCE of Ministers.
UK Dominant
In the overall picture,
Kingdom holds
Singapore Stock
Market
Chancellor
Puts Damper
On London
Stocks
London, Nov. 26. The Chancellor of the Ex- chequer's worning yester- day against over-optimism regording tax cuts in the next budget put a further damper on stock markets today.
10
The glit-edged market falled continue the better trend which developed late yesterday and presented a rather mixed appearance. Foreign bonda were irreguler and rally tended to laug Dollar stocka made a mixed showing.
Industrials provided a number of good spots as a result of pone excellent
company nowE but with the Chancellor's dam-
statement the market pening tended to lack A decided trend.
Steels Irregular
Steels were irregular. Forde were dull in motors but BMC regalned an earlier small fall, Faireys were a firm spot in off. crafts.
There was a certain amount of selective buying in the Kaffir market but prices in the maith showed irregular movements. Coppers were generally better and other base metals were in- elined to improve.
Olla falled to hold earlier small gning and were little changed on balance. Rubbers were dull-UPI.
Closing Prices
Brities €68.11/16.
Citedɣed Donda
Transport 3%. 1978/80-
Consola 210--£01-18/10. Consola 4£77-3/16. Conversion Loan 3 CUTA.
Lown Finding 15%
1903-
3 1958/09
Pirkling Stock 36%, 1999/2006- £75.
Funding Loars
1900/90-
Savings TH, 1988/63£N-0/0. Bavings 3, 1900/70–£84-7/16, Savinja 35%) 1005/75-#TOK.
Падка
Barclay's Bank “A” Lte ord—58%
Chartered Bank-04 01. Hongkong-R$7%.
Di Singapore, Nov. 27. Brokers today quoted the following stock prices:
Cuban dominant position fellowed by Concollated any
the United States, Soviet Russia, Japan and West Germany.
No reason has been given for their non-arrival,
The meetings are in private and no statements are expected before Friday, said an official,
The Council is deciding what basle export proportion of the quotas will bo in effect for next year.
120 128 20.40 20.00 2500 20 30 120
... 24.0 24.0 Bonus 25.40 23.50
Rts. 13.40 Telephone . 20.80 30
INDUSTRIALS Cement
STORES, ETC. Dalry10.00 20.10
Watson
14.05
30%
Gammons (Malaya) Ltd. 3. 12.14
Intrance
Union Insurance Canton-£6-3/16.
Aircraft and Motors
British Motor
Согр.
Ford Motor Co-100a 3d.
Ord-kiz
Rootes Ltd "A"-10s 1156. Standard Triumph Internationa)- tis lid.
Breweries
Distillers Co-3 0-
Opening
the the
Batu Lintang
Ltd,
Rubber
Co
Briti
Borneo
Petroleum
Byndicate
lsd.
Thi Smelters
Ord.
47: 30
Fraser 遍 Neave Prager
Ord
11.80
Neave na 79% cumi, prež
$4.13
the
ing Corp. Hongkong Tin Ltd. Kamp Ltd.
longkong & Shanghal Bank:
$430
Dead
12.10
346d
Malayan Breweries
$3.70
New Serandah Rubber Co.
14.10
German Petaling Tin Lid.
Stames Hotel
£1.30
$1.20
$1.18
£2.35
30.74
04 33.
13.01
DS.
German exports to Federation include wheat flour, precision Instruments, chemicals, iron and steel fertilizers,
and mis- manufactured goods cellaneous products.
The visits of two
Quotas for 1959 were cut by trade missions to Malaya tats singapore Cold Stage
per cent, the maximum year 2000 20.40 allowed under the International (brighter
1500 20.30
1000 20.70 Sugar Agreement.-AFP.
1200 20.01
3500 20.70
1000 e 20,00
000 20.30
500
20.00
CITY LIGHTS
DO 20.70 3000 6 20.30
1000 24.70
1284 C 13.40 2200 at 30 19929.953
30 3812
700 * 3842
700 L 3813
100 i 38)
123 20.10
500
100
20.10
48 20
20.30
24.00 23.40 500 25
L. Craw COTTONS Textile.... Nanyang INVESTMENTS Allied II.K. & F.E
Invest
15 1000 or 14.25
4.03 4.BO
12.50
Do you take
1000 12.80
even Strait Trading
Strait, Steamship United Rigineers Ord. Wearne Bros
forcehadowed.
prospects of German goods flowing into Malaya,
German agreement
The West Gorman Govern- ment was untierstood to be desirous of signing an agro- ment with the Malayan Govern- ment secking
protection for investment. Such an
would
smk guarantees against seizure of capital through nationalisation or any other politieal changes. It would
encourage the flow of more German capital into the Federation,
Close Second
$2.01 --China Mail Special.
Manchester Fears Unemployment
Manchester, Nov. 26. Fears of widespread unemploy- ment among cotton workers in Lancashire close second to
where dozens of down next your West Germany is Lunch
the Nether mills close
under the Government's £30 lands, whose exports to Federation
Douchers N
London Expired Sarzdou.
COMMODITY PRICES
Lead and halt Nov.
Feb.
COTTON
Zine 2nd half. Nov.
Dec.
30-30 General markets, c... basis, porta:
3514-3541
33% 40-4034
60 Beliers
LIVERPOOL
Closing prices all in pence per
American Cocirset Dec/Jen: March/April: 22.30; May/June: 1289; · July/AŬE: 82.70; Del/Nov: 31.09.
Mixed Contract
22.75;
· Dec/Jen: 40: March/April: 21.30; May/June: ZLES: July/Aug: Oct/Nov: 2135/URL
METALS
LONDON
Closing prices all lo sterling per long ton.
Bpot
3-month Copper
200
RUBBER
SINGAPORE
Closing prices all in Stralis cents per lb. 1.0.b. Malayan porte.
No. 1. Nov.
No. 1 Dec.
No. 2 Nov.
No. 3 Nov.
*117%-118%
J21-301
TRUSLAND ROM, 115-11711 nov.
Spot rubber
un-
Jed
Blanket, crepe
No. 4 Nov.
13233-12431 11356 No, I pals crepe 124-150
..
LONDON Closing prices all in pon213
Ibu
*NG. 1/20 spot Buyers Hellers Battlement nowe term:..
Ja You "Mar
Jan/March
Joydent.
35%-30
Estate crepe
thin Doc.
thick Dog.
AMSTERDAM
Closing prices all in guilders
per kilogram, c.lf. Nov,
No. 1 rubber
A rubber
No.
No, rabetzur
No. 1 crepe
3.48 buyers
240 buyers
230 buyera
4,00 buyere
--UPI,
FOREIGN EXCHANGE
LONDON
Closing rates:
New, York
Montres
-394 bookholm
Mich
Running a
Last M$74.5 million
$08.0 million.
France,
year
the
scheme
Building and Materials
Arsociated Portland Cones1-720
1 netin Johnson Amoclates
−26_7144.
Ord
"Coal," "Steel and Engineering Babenek & Witex Lid=-421 90. Vickers Ltd 20 3d,
Food and Tobacco
British American Tob. Co., Ltd-
Imperial Tobacco
Co., Lis-se
Milacetan OSIS Boardman, Marden Lid—30 10ļid. British Oxygen Lid. Ord–148. Canadian Fielßc_Rly--#4535) Duning Rubber Cona 4130, Hongkong & China Cas-194. Imperial Chemicals 1015. Lyon & Co-176_od, Unilever Ltd-1299 34.
Paper
Bowater Paper Corp Drd-CI BC, Radio and Electrical- Associated Electrical-s 34. !! Electrical & Musleni-77% 114.
Flectric Co-4 30. General Electr
Indo-China
Shipping
Steun Nav. Co. def P&O Steam "Navigation (def ord 40% 100.
stosus
Græst Universal ·Stores "A"---529
Marks & Spencer Ltd- B Woodworth F. W., & Co-úas 33. Textile
were million reorganisation and Imports are beginning to diminish.
Coats J & Licking 41⁄2. Some trade circles here be
Italy and Belgium | Hieve that the feared situation take up the next three plaers may be quite reversed in some with considerable trading re-fareas with more jobs available lations with the Federation.-- |than skilled workers to all them. UMI,
Rester.
Singapore Rubber
Market Active
But Erratic
Singapore, Nov. 26. The market was uncertain at the opening with overseas advices down in sympathy with yes. terday's decline.
QUI
After small business at higher The afternoon market was level upcountry and local willere i zather more active with price came out in fores with buyers movements erraite and withdrawing.
|general izend.. After an erratic period the 1.2018/10] price settled, at about the 122~-
1
After the ofsetál čase přioda
cent level and some enquiry tented to aby with stron for lower sheet and other grades [inideest in jowardzak oume. 10. For the remainder of The Lowndors, muzical vienu" dil the morning pribe Auctuations | with spot quoted at 30%. wore mnail" and trading was ). In: Aansturchin the market. VILY "Zulet,
was also du, 17PT.
Courtaulds Lid=356- Glidi
Mines
Angio-American A.
Corp of
South
Con Goldfleichs of South Africa
Cone, Zine Corp. Ord-70
De Beers def-1800 101%d.
30.
Free State Development & Investy mment-d
Hongkong" "Tin_sa_1154.
Petaling Tin=-7# $360.
Rand- ad.
Southern Kinia Cons Lid-312- Union Corp-70#
West
Driefontem Goldenining-
West Rand Cons 21s 4456.
British Borneo Petroleum Byndi- exte-600 bai
British Petroleum
Co., Ltd-1s
Monk Dutch Petroleum-EIG). Shell Transport & Trading[122. -Reuter.
Agreed Merchant
Rates
Swise show, Maximum Sell-
W Germin · Desatiktiert kitimum Selling,÷7R+?/107. -
Exchange Rates
[done in the Somal
.
5