Page Z
NOTICE
THE HONGKONG & YAUMATI FERRY CO., LTD,
Notice To Shareholders
HEREBY NOTICE 18 GIVEN that the Board of Directore have resolved to make an offer to members who on the 15th day of Octo bor, 1960, are the registered holders of the 504,000 issued shares of the Company of 252,000 unissued ordinsey
THE CHINA MAIL, TUESDAY, AUGUST 30, 1960,
REFLATIONARY MOVE
Can U.S. stop
the possibility
of a recession?
London, Aug, 29.
London
Wall Street reacts to
closes quiet
London, Aug. 29.
ORTATIO
recent gains Big improvements
New York, Aug, 29.
shores of the Company of the Rationally the unprecedented two major with the exception of role and Aircrafts, electronics and selected specials stood.
tin shares which recorded markets sharp rains, slock had a quiet and Irregular Qay,
F
out in an otherwise weak and moderately active stock market today.
American monetary easings in one week (earlier this month) imply that taking politics and economics together the Federal Reserve sees unprecedented orally unchanged industriale those issues which ran up the gallon
need for reflationary moves.
have
nominal value of $10 each at par (such nominal value be- full upon ing payable in
Gil edged securities were application on or before the 31st day of Decomber, 1960)
showed ittle alteration but Unilever fell 3 shillings to 154 so that euch member of the or his approvedį
shilling pence on reports Company nominee shall be entitled to
Repomnilion of a recession ly have bond markets at the that a new brand of margarine
of a
kin apply for and take up ona
one advantage. moment, but in New York the may be the calisa
would be complaint in Holland. Eady money can mitigate and foreign borrowers unissued ardinary share for would
Gold shares opened with every two of the said 601,000 eventually turn a recession warmly welcomed doubtless renewed strength. Cl were Issued shares then held by there is little precedent that it provided only that they proteel duil Greeks improved in a the lenders against oarly call by quiet foreign bond market while uch member. The shares 80 cat prevent gap.
The discopeprting thing is underwriting not to repay the dollar stocks stepdied. offered shall, if accepted the omens of weaker consump- louna until the next time they Rubbers and teams шете rank for dividends n--from-on, hitherin the main support go broke.
guletly firm-UPI. the 1st day of January, 1961 and brightest happ pf the (but not so as to entitle them! American' economy. Some of to participate in any dividend the drops forecast by surveys of declared in respect of the consumer year ending 31st December, 1980) und in all other respects with the present lasued or dinary shares of the Come!
pany.
Liz
ins
ara
of
Exchange control?
Intentions
With all the fabulous woaish slump magnitude rather thon of the United States there begins recession magnitude. Consumer to be a question of how long it spending depends heavily on an afford title external prover-
European ally. By
idea of this Even the employment.
ex- standards the level of Amari- United States imposing an
always change control on capital ex- can unemployment in
doubtless overstated, but its present trend ports, though is not good.
far-fetched, is not so far-fetched
#0
Bond issues
while
sterling
Landon
suven
Closing prices
Olledzia Bonda
Britiah Transport 3. 1919/
The heavier casualties were | Tyre & Hubbor
Gulden Co. widest kalns in the recent up- Goodrich (9. P.) Co.
turn.
Steels were among the few roups to rise from their lows in the final hour., Motors were mixed, drugs steadled, élue- tronics were irregularly higher and rails unsy.
Goodyear Tyru
Grumman Aircraft Galf of
anymond Organ Heyden e
Husars Fuctri Idebo Power Imperial O
Imperial
-
Corp.
in aircrafts. Bull. Marlin, Northrop and Macdonnell added kiland Steel Co.
point, Chance Interchemipal Cor
more
题 than
Vought pleked up around 24.1 Bustic Machles
Int Harvester
The advisory services have been international Nickel
spenting of the missile-aircraft
outlook in glowing terms lately.
International Piger
Int'l Tel & To
Today's volume was 2,070,000 er tusen
shares,
Of a total 1221
43
Jolas Khunville Co.
Du
Cuffola 2157-10
Kay C
Colzah 1200-15/10.
issure trade
Kennecots Copper
Cervono LABUS 344%.
2.
1961-402 were higher and 019 lower.
American
Kimberly Clark Liggeit & Myers TULA
exchange
volume
Lil Taby .....
Lition Ind
to
Lockheed Aircraft
BT
B3%
20% 2011
Loews Incorp.
Dow Jones closing averages:
10
$34,4G
Yunding Low RB-11/16.
Funding Slock 31. 1990/2004—
MY. sti!!
Some people would not have regarded as more unilkely Bheru
Stylizerland, than In Though in fact the exchange pontrol which Switzerland has imposed against capital now imperts is not so allen to the Swiss system A difficulty för the United States is that ex- change control, on capital ex- forts would probably work In reverso.-China Mall Special,
Pupping Lean 4 100-8871. BADI. 155/65-68-1716. Envin S. 104 TL-27814. Savings 3, 1005/75—2713),
BATIKS Barclay' Bank "A" Ltd oru-fiza, Chartered Bank-58a izl. Hongkong.
1qy's Bank “A”—40= ii.
Grindlovs National
Weskminster Non-Cumdative-za,
Union Insurance canton-£M;
Aircraft and Moura Brad Motor Corp. Op-178. Ford Motor Co 101d.
was 1,310,000 shares,
Bonds volume amounted
$4,020,000,
30 industrial
20 rails
Closing prices
Abitibi Pwe. & Paper
Allied Chemicals
Lone Star Cement Co. Lowensters & Sons, McDermott J. Ray McDonnell Aircraft
138.44 Merok
95.89 Mesab Iron Corv Minnesto Mining
200.69
$ 30%
40
Mission Development Monsanto Chemical Co. | Montecatini
Montgomery Ward
Melorota Inc."
3314 National acuit Co 209% Natcha! Cush Res.
National Day Prod. National Lead
National Steel Corp, New York Central
90%
planned for Tokyo's airport
Tokyo.
COMPLETION of a new 10,500-foot runway in 1969 will give jet aircraft unrestricted use of Tokyo's International Airport at Haneda. ·
Renovations to the two exist- Ing runways will esse congestion art make Honeds a major link in world-encircling jet airline services.
An enlarged air terminal will be able to handle 200 passengers an hour, and a super-highway will take them from the airport Into the heart of Tokyo m
compared quarter of an hour
+
with an hour or more al present. The avute will pass along Tokyo harbour with views over Tokyo Bay instead of as at present 25 Through the
winding streets, Bet with air laden with soot, smoke
and car exhaust gases.
The multi-million pound sterling improvements to Haneda a should be ready to handle the
nked thousands of visitors ex pected to fly to Tokyo in 1904
Japan's "Olymale Year."
4433
25 lice
65 stocks
Bank--33
Bank "A"
Insurance
121
Alden Ing. Key,
Algoma Strel Corp.
Alled Mi fra.
All Chalineş
27xd
Am. Brake Shoe
401
American Airline
1996
American Cable & Radiu Corp.
Eti
Nomnda Minom Ltd.
American Cyanold Co.
Norfolk & Western Ry
Amer. & Foren. Power
North Ager Aviation
4412
Am. Gus & Electric
50
Northwest Alrines (Ourn.)
180!
Oklahoma Nat. Gas
de
Olin Mathieson
231
Otis Elevators
5042
114%
Owen-Illinois Class
1844
5612
Oxford Piper Co.
樹
015
443%
Hawker Siddeley Group Ded-S01
oll Royce Ltd ord Rogies Ltd "A"--107 1140. Blandar Triumph International- Ps 1id.
eurlifentes No fractional
Even before the relationeryns it was. shall be lasued, but the shares aetions of earlier this month representing fractions hall, the slide in nearly all Amarl- be allotted to a trustee to be can interest rates had gone more than half of a recession cycle. nominated by the Directors Su the dollar's dilemma shows. upon trust for sale on such up in the capital market as
they consider: well as to the credit market. Conditions 15 expedient and the net pro coeds of sale (less the amount
much of B10 for each shure payable
the dollar and an acceptance) shall be dis-, stronger thun
D-mark is emparably tributed proportionately the amongst the members who sironger, corporate bond issues
at nearly would otherwise be entitled per cent are dismal failures.
in Germany they hardly und to such fractions
underwrllure of sover per cont satisfaction thereof.
or more, while in New York The offer will be made by they find eager buyers at well notice sent by post to each under five per cent the buyers Insisting only on Protection specifying shareholder
the against early call, that is
Singapore, Aug. 29. number of shares to which tying up their money for 85
possibie In Case The market ruled very each shuraholder is entitled long
nakos money still recession
with quiet
prices ad- and such offer, if not accepted aither behalf of such
yancing 1% cents today, Canada has had similar ex-
Turnover was restricted." member or his nominee, on!
and the Canadians periences or before the 31st day of more worried about it. If through lack of sellers.
hud December,
policy 1960, wil!
reftationary
the bond market, deumed to be declined and extend to the Directors will dispose of they ask whether there the said unissued ordinary enough buyers of priced Canadian bonds shares as they think
on
1:10
ពន
on
to
while
countries
Rubber market
The majkel closed steady bu! kwers weru neglected.
The current month No. 1 nss, was quoted at 36 cenis nominal. In London, the rubber market was dull with pot quoted at
Britain and Germany hard-, 281⁄2 pence.
In Amerdam, the rubber
‘uil today.—UPI. market wa
In New York, futures Ware. would
high-enerally quiet throughout the There was Ile in thị sesalon way of manufacturer interest lds of prosperous and hard and dealers were mostly on the
aldelines. NOTICE IS ALSO HEREBY : currency. European
uffered twice the yieki. GIVEN that an Extraordinary! Meanwhile, the New York General Meeting of the Com, bond market is the obvious Dany will be held at the Com- place for foreign borrowers pany's Offices, Jordan Rond: Ro. Forry Pier, Kowloon, OB Saturday the 15th day of October, 1960, at 12.30 p.m. for the purpose of consider-¡ ing, und if thought fit, pans- THE HONGKONG AND ing the following Resolution
YAUMATI FERRY as an Ordinary Resolution!
COMPANY, LIMITED "That it is desirable to
NOTICE is hereby given! the capitalise
Sum $2,520,000.00 being part that an interim dividend of
of
NOTICE
of the undivided prunts three dollars per share on of the Company standing the Company's issued capital at the credit of the Com- has been declared la respect ending 31st pany's Reserve Fund and of the accordingly that a special December, 1960, Capital Bonus of $2,520,- 000.00 be declared and i
year
Dividend warrants will be
NY sugar market
World No.
New York, Aug. 20.
sugar future today closed two points higher to a point lower
of 178 on kalon rantracts. Domestle No. 0 sugar futures
d.
Breweries
Distillers Co-42m 101 d. Bouth African Breweries-24 d.
Buliding
Cement-748
Associated wi
Am. Home Prod.
Am. Mech. & Fury
American Metal
Am. Natural Gas American Spelting Ani Suzar ef American Tel American Tob
Ord-Ampex
Goodlars Wall & Lead
Coal Steel & Engineering Babouch & Wilcox L-37" sd.
Single S
De Impertul
Food & Tobacco American Toh, Co., Ltd
Tobacco Co., Ltd.-62s
· Miscellaneous Borchnay Marden Lid-4%.
isa.
Beneficial Finance
British Chergeri Ltd. Drd-25 Du. Bell Telephune Canadian Pasile Bly-44374 DE Le Rue Co. Ord-70s dd. Dunlop Rubber C-228 96. Geman Holding Ltd-28 Hongkong China G Imperial Chemical-07 Lyons & Co-848 104. Vallever 1_154% P£
1.
Pacific Gas & Elec.
2 Pan American Airways
Promount Pictures
Radio Corporation.
Raytheon
But, und 1963, jet aircraft using Haneda will have to dimit the loads because of runway restrictions.
Mr
The airport marinor Matsuo Iwata, outlining the im- provements to Hencin, cold that de plane would bring it up to International Stantbruk for big jet airliner operníšons,
Mr
Iwało rectly visited He overans
terminals. Bir 441 returned to Juper Dunvinced
27
that, although Haneda locks in- 34 space, the airport can bu 123 proval to equal most mujer
overscas al terminals.
6D internalionul i
|
will be able to handle two jet
be and one propeller aircraft every hour. The airport should equipped with the instrument landing system used by commer- clal aireron by November this Year. At present the ground control approach system in- troduced by the United States Air Force is still in use at
Hanoda,
Mr Iwala hopes that a new terminal building will be built for the exclusive use of incom- freight, passengers and Raving the present terminal for outgoing passengers, The second building my be put on the site of a tormer steel factory which was bombed during World War 11 and the broken skeleton of which still exists.
Freight plans include the con- stuction of a largo warehouse where jet freight can be bonded, Problems connected with the completion of the blueprints, Annnce and land for the new highway have stl to be solved. The equivalent of however,
£600,000 to £700,000 storing will be needed to expand the terminal building, while the new Improvements to runway and
will cost other facilities equivalent of between £40,000,- 000 and £48,000,000 sterling.
The Government has approved scheme but the infprovement the airport nuthorities are not yet certain how much it will
contribute towards the cost.
the
At present Tights touch down and take off The Metropolitan Highway Construction Corporation and from Haneda cach day, and the
airport handles 200,000 Inter- the Tokyo Metropolitan Govern- national
3
year. ment must negotiate the con- mimber zhruction of the highway, ago, the only slightly exceeded 121,000. The problem of sinicing land Fresent facilition include
as being watched. Haneda was major 8,400-foot long runway, built on reclaimed land which and a secondary 5,400-foot long linked two former Islands in 3876 runway, The terminal building Tokyo Bay and each year the the handles bath domestic and inter-mways sink a little as national traffic.
earth settles. In 15 years, areas lund have ank Arronding in My twote, plans of reclaimed
90%
600
Porke Davis Co.
Penny J. C. Co.
Anaconda Copper Armco Steel Armour
6311
Penn. Sall Co.
641%
Philly Morris
Pitney Bowen
Asbestos Corp.
20
Procter & Gamble Co.
Atlas Con Mining Baldwin Lima-Harn
1314
Pittsburgh Plate Glass
61
Putlicher industries
976
Baltimore & Ohin
Pure
3142
Bank of Montreal
50b
62%
Bank of Nova Scotia
Radio Corp. Prof.
73
Beech Life Savers
422%
41%
B. C. Tel. Co.
46
Republic Steel
284%
Raynalds Metal
40%
Reynolds Tobateg
7:42
Bendix Aviation Corp.
ure
Royal Bank of Carats
71*0
Fiya yunre
Benguet Cony.
Royal Dutch
Bethlehem Steel
444
Rheem MIX.
1745
Deeing Airplane
309
Sears, Roebuck & Co.
Bortien (Thel Co.
401%
Scol. Paper
07
Burroughs Add Machine
37
Smith, Kline & French
sa
British Amer, Oll
201%
Socony Mobil Dil
Calif. Packing Corp.
South Puerto Rico Bugar
1316
Sauthern Co. (The)
4!
49
125
Southem Natural Gas
Southern Railway (Com)
431%
Canadian Facile TL Cane (J. 5.
2416
Co.
103
Sperry Rand ....
13
Standard Bande
4891
Shipping Indo-Cluna Bteam Nav. Cp. ord-Pas d
있다.
Cat Traclur
240L
del
Celanese Corp.
2012
Standar O of Cal.
4416
C.I.T. Financial Corp.
Bat Standard Of of Ind.
40
Stegin Navigation
det
Chrysler Motors,
434
Standard Of of NJ.
Chett Peabody..
67
Steel Co. of Canada
Sleep Rock
BLOTES
Colgate-Palmolive Cn.
Stokely Van Camp.
-
Cunselldated Edison
04
Sunshine Mining
Cuntinental Can
39
Chitinental Out of Def
sal
Swift & Co.
Texan Co
Crane Coa
47
Crown Zellerbach
48%
Delaware & Hudson Co.
23
29
changed to two points lower 18
on sales of one contract.
Extrume
dullness charac
Bowater and Electrical
Paper Corp Ord Awociated Electrical-50s 3d. Electrical & Musical-45 S., English Electric Co. General Electric--385 5.
Great Univemal Stores "A"-os
Marks & Spencer & Colis ad.
Ltd--G# 34. Woolworth JW.
TORDER
CALL & HE Courtaulds Lid=371
Conn Gakifalds of South Africa
Con Eine
De Beer Hernia
Ord-17x.
Hongkong T-104 30,
Pelling Tip-7 $160.
Southern Kinta Cons Lid-204 3.
Union Core-te 1011⁄2dining-at
in.
terised both contracts through- out most of the session with ad."
that such bonus be up- available for collection at the little but technicalities weighing plied on behalf of the per- registered office of the Com-un prices in the absence of news
144-148 Des Voeux developments.--UPI. Bons who on the 15th day pany,
of October, 1960, were Road, Central, 1st floor, Hong the holders of the 604,000 Kong, or will be dealt with Issued shares of the. Com in accordance with standing pany in payment in full Instructions,
on and after
for 252,000 unlesued or 15th October, 1969.
dinary shares credited an
fully paid be accordingly
་
Notice is alad given that
allotted to such persons the share register of the
in the proportion of one Company will be closed from such ordinary share for Monday, 3rd
every two of the said 504, Saturday, 15th October, 1900, 900 lugwod Bhares then both days inclusive,
By Order of the Board,
held by such persona res- pectively, and that the shares so allotted shall be treated for all purposes as| an increase of the nominul amount of the Capital of Hong the Company held by each auch shareholder and not as income, and that such sharon shall rank for divi- dend as from the 1st day January, 1901 (but not so
LAU CHAN KWOK,
Managing Director. Kong, 20th Aug., 1960,
proportionately amongst those members who would otherwise be entitled to fractiona na in .such
satisfaction thereof."
3d.
에
ritish Borneo Petroleum Syndi
Cara, Bl. at Comin.
Cana. BrewETS
Campbell Soup Co.
Colombian Carbon Co
Contrelal Credi!
Diamond Alkali
Diamond Gard
Distillery-Reagrums Dougian Aircraft Dow Chemical
Dupont de Nemours
Eastern Air Line Eastman Kodak
El Paso Natural Gas
Family Finance Corp
BR Sterling Drug Co,
67x Studebaker-Packard Corp
G0EP
Textron Inc.
Thickel Chem.
Tide Water Oll
Time Ina
15TH-Cont. Warrants
Twentieth Century Fox Film Union Carbide .....
14 Union Oil of Cal...
200
Union Pacto
20% United Aircraft
122742
331
312%
Rubber Bank
30
Fird
131
Geral Dynamica
44
General Electris
B4
0915
British "Petroleum Co., Lid-485 Gerale Pretile Burinal-20% 98.
Royal Dutch Fetroleum- 12%. * Shell. Transport & Trading--s
-Better.
Gener Foods
General Motore Gen. Pup. Uts
alway
United Fruit ***
Unlled Gas Corp.
US, Foll
VS. Gypsan
1.6. Steel
DOU.. Steet 7 P.C. PF
Warner Bros. ******
Westinghouse Electri
Woolworth (K.W.) Zenith Roo
COMMODITY PRICES
METALS
NEW YORK
Cicsing prices, all in cents per ib. Load
Sept.
Μονι
Zinc
Sept.
Nov.
Copper Bapt
Nov.
LONDON
10.91
10.07
11.25
$1.25
30.ID
20.03
Closing prices, all in sterling per long ton.
Mar.
July
Apot—(F.48. Cuba)
Total enfes: 178 contrant
Open erat: 1,481 contractM.
of the Civil Aviation Bureau of nearly one meire (39 inches).
the Ministry of Transport make Recent surveys show that the provialon to:
réclamation
• Completa THE for the new runway by March
rule of settlement is declining however.
According to Mr Iwatu, exist- ing runways will be extended Complete the runway by by about 300 feet after the new April 1903.
50%
3982.
•
20th
431
*190
13
14715
2736-2734
General markets, cll, basin, DOTEGI Bapt.
Apr/Magg
ર્મ
Estate crepe thin Sept. ...
telek Bepi.
ABETERDAM
30%
Closing prices in gulders
Contract No. 6. (domestla) Nov.
Jars
4.11
Spol-(C) NY ex-duty) .. Total Below: one
0.00
per kilogram, clí. Sept.
Na. rubber
2.7% buyers
No. à rubber
173 Extens
No. 3 rubber
2/21 ye
Ope Lterest: 870 contracta—-133*5.
RUBBER
NEW YORK
Rex rubber tubes closing
peltoes; al in cents par ib.: 74.50
October, to
COTTON
NEW YORK
Clauing prices all in conta per
Apoi
32.43
Dut.
பகுர்.
Mac
Mor.
May
July
NEW ORLEANS Closing prices all to pence per Ti
Buyers Boilers
Ib,!
Spot
1200
May
Spot
month Copper
-month Lead and half Aug,
B00
HIT
Sept.
002
Nov,
Jan
138
23011
MOT
2391
| Sept.
July
Nov.
TEL
Dec.
Kina Svid hail AUS.
De
Mar
UPI.
poris!
Mas
No.-1 Bept,
in Strašte Dunia, per lb. Lob. Mabuynh
97-0712
July
LIVERPOOL Closing prices all in ponco per
No. 2 Bṛpt.
1b.:
American Contract
del/jøv
LAU CHAN KWOK,
Deai/0977.
Managing Director.
20/June
Mixed Contract
Diet/Nov.
as to entitle them to par-
AND NOTICE IS ALSO ticipate in any dividend declared in respect of the GIVEN that the Share ftegia year ending 3ist Docom- 1gr of the Company will be ber, 1900), and that ny closed from Monday, the 3rd fractional certificates shall to Saturday, the 16th October, be issued, but that shares 1080, bath days inclusiva, representing fraction
By Order of the Board of Directors,
shall be allotted to a trus
tee to be nominated by
the Directora úpon frust
for sale on such conditions
as they conulder-expudient,
and the mot procted of Hong Kong, 29th Aug., 1900.
salà shall be distributed ak
BINGAPORE Closing prices
Blanket crepe
34.00
.34.00
30.00
No, 1 carpe
3.00
FOREIGN FNCHANGE
NEW YORK
Closing rates! 31.1 Canada
England ometal
90-days New 2ppare Bouth Africa, domini
Dihers linchanged.
LONDON
New York DesiAmsterdim
Closing roleag
Blomtreat
Copenhageni
Lisbon Cloping prices all fer penco per pale
Farle No. 1. Har apo kila MS4-dani | 855knglin
SetGement house termi
Vann
SUGAR
NEW YORK
No. 3 sept
No. 4 Boot Aud
Boot,rgbber unbeled
No. 1 pale éigрT.
Closing prices all in conta per | 15,7
Copinsel No. 4 (mpel4)
100
LONDON
1.03-3/19
(41-3/19
Expand existing aprons strip has been compacted. These enoble tily. she taxiways for parked air-loaded DC-8 jet aircraft to use
craft,
• Expand terminal build- ing fasliitles.
extensions will
the strips.
be
By 1961, Mr Twala said, all
Build the new super- the International airlines will aircraft to and jet operating highway into Tokyo.
Improvements to the terminal from Tokyo, Japan's own cor
Japan Air airline, building include expansion of mercial
will also be equipped the present Customs Inspection Lines, arca, immigration and Quaran- with a fleet of DC-8C direraft Une onlees,
to meel the jet challenge from
companies. - With these Improvements, Mr overseas Iwate estimated that Haneda Mall Special,
CHANGE OF ADDRESS
China
.
HARLEY MULLION & CO., (HONG KONG) LIMITED
announce
that as from 1st September, 1960
their offices will be
at
608, SHELL HOUSE,
QUEEN'S ROAD CENTRAL,
HONG KONG.
Telephone numbers remain unchanged.
Sapings Are Easy
If You Buy First Hongkong Unit Fund Present Unit Holders can now buy upwards of 200 units at a time in multiples of 100. For information and free bookst write to!
HONGKONG UNIT FUNDS LIMITED 701 Alexandra House, Hong Kong.