NOTICE
THE HONGKONG & YAUMATI FERRY
CO., LTD.
Notice to Shareholders
THE CHINA MAIL, WEDNESDAY, AUGUST 31, 1960.
HONGKONG EUROPE'S BIG BOOM
STOCK
EXCHANGE HEREBY
of
te
hy
Our Own Correspondent
Business done at the Hong-
Stock Exchange this жение |
umounted 10 morning proximately transactions; quotations and
NOTICE IS GIVEN that the tourd roxolved Directors have make an offer to members who on the 15th day of October, 1960, are the regin- tered holders of the 504,000 issued shares of the Company of 262,000 unissued ordinary! shares of the Company of the nominal value of $10 each al value (auch nominal Dar being payable in full upon application on or before the 31st day of December, 1960) so that each member of the Company
his approved nominee shall be entitled to upply fur and take up one unissued ordinary share for Hote every two of the said 504,000 issued shares then held by i such member. The shares offered shall, I accepted, ' rank for dividends as from: the 1st day of January, 1961
$1,208,000. Nuon the inorning's
Balce
Buyer Sellers Blgere HK Bank, 1105 1170
202 30 Bk. E. Asia Lumbard Ir. Unkn
thu Welerat What wheelock HK Dek
50 @ 199
212
24.50 25.20
7.59
7.00
100
101
400 101
200 @ 101
200 6 100
100 101
19.00 20.10
401
43
ST
200 57%
200 ∞ 171
300 571
200
671
Yaumati
182 104
400 u
GO 180
C. Provident
HK Land
(but not so as to entitle them
to participate in any dividend
Train
400 105
100 49 182
400 18:2
400 $ 163
20 A DEA!
50 185
324
2200 32
declared in respect of the Lagin 2100 2120
year ending 31st December.
28 28.10
1060) and in all other respeels!
issued: Electre present the with ordinary shares of the Com
379 381 Trephine pany,
G. Cement 621% 2
Fairy
Nu fractional certifientes! shall be issued, but the shures representing fractions shall: be allotted to a trustee to be
Alited nominated by the Directors Watson upon trust for sale on such Nanyang conditions as they consider A
the expedient
and
of sule (less the each
proceeds
amount
of $10 for
Farn 28.30 28
100 210
140 2180 100 21.00 450 se 21.80 1000 21,770 100 u 23:0 500 2310 4000231
1000 53 200 or 0 300 W
150 2040 1 300,40
1000 v25.jp
200940
25
219058
2600
5.S Inv. Hubler
13 20 13,00
0.14
2000s 1.50
net
7.55 H. Trust... Talked Dock 57
7.90
200 to 3.415
38
500 5015
2001 6
400 67
1000 141 100 14
those Lane,
Gill
tesy
Star Ferry
Humphreya
1.775
22
2000 4 1.925 1.80 10 1.779
XD
104
Miuzu Fice.
11
12
K. & F.E.
lov
14.30
share payable on necuptance) Gas... shall be distributed proper- tionately
amongat
members who would other wise be entitled to such frae tiuns and in satisfaction, thereof.
The offer will be made by Gilmas notice sent by post to each
shareholder specifying the number of shares to which euch shareholder is entitled if not such offer, and accepted either on behalf ofi auch member or a nomince, un or before the 31st day of be will December, 1960, deemed to be declined and the Directors will dispose of the said unissued ordinary shares as they think t
NOTICE IS ALSO HEREBY GIVEN that an Extraordinary General Meeting of the Com- pany will be held at the Cum pany's Offices, Jordan Rond Ferry Pier, Kowloon, on Saturday the 15th day of October, 1900, at 12.30 p.m. for the purpose of consider. ing, and if thought fit, pass- ing the following Resolution as an Ordinary Resolution
"That it is capitalise the
desirable to
aum
of
$2,620,000.00 being part
of the undivided profit
of the Company standing"
072 38 1550 75 CHRON.
Economic growth Profit-taking results in
will continue
at fast pace
By ALEXANDER THOMSON
London, Aug. 29.
How long will Europe's big boom last? Every business man must surely be wondering about that question.
big Wall Street losses
New York, Aug. 30.
Profit-taking today threw the stock market into its widest losses in more
than a month wiping nearly $3.5 billion from stock valuations.
The soning endence pleked up,
close deaving u
importants of loves at or slighty So today I asked it of below their lows for the day.
of one
the Sir George Bolton, "bankers extraordinary" of the city.
"I believe Europe's economic His answer gave me a secorul growth is only just beginning." Joll. he declared, with a candour that almost knocked me flat.
"Expansion: may well go on for the next ten or twenly years never and at a pace we have seen before,“
Bre
By tradition. ankits -cations men. They weigh their words carefully. They never exaggerate.
أن
is one placed of
And al 59, Sir George Bolton
the
most, highly- Dom i A man whose views command wide
espect.
For
Director
און
un
ycars
wax executive director of the Bank of England where he played a guiding the pound big part in back
strength after the of the economie destruction wor.
10
Three yours ago, he, gave up full-time work there to step out in the diy lu a substantial
way.
"It is a lunatle political con- ception through which people
together by will be thrown politicians at the top and a lot of devoted civil servant.
CORTESAN "But politicians go and you can never tell
men will be. This new "Teid to unexpected danger.
and who
may
"Europe should certainly ixo more unißed. The process how- ever should start at the lowest possible level, that is, with the Individual.
"As a first step we should alm at getting rid of passports In order to encourage people to come together."
Ups and down
Sir George Bolton who start- ed in bunking at seventeen has put the Bank of London South America into the tinent in a big way.
Stects, chemicals, some coppers Fatal electrenies were among the
i
hondast vit.
Despite the market's overali weekries bokers were calling antial.*strenehmit" in the wake of recent shurp gains,
big registered Inclusterinda locus. There were declines of more then two in General Elec- Ire und Du Pont, nearly two in Wooten Union, more than one in Eastman Kodak, ex-dividend, Alvoa and American Telephone Larki more than a half in Westing-
hone and Allied Chemical.
Eelegraph and Complotter, two issue which have attracted considerable attention in recent days, failed to open even at u tate hour because of cumulation of orders.
case of
The Complometer opening was delayed by a rush of buy orders. Early reports in the Teleide graph inaliented that buy arders were also the cause delay.
of
Today's voluine was 2,890,000 andres Of a total 1,201 shores Contruded 295 were higher and 706
lower.
It has built up a network of agents there and has one of the largest foreign exchange tura-
overs in the city.
Chairman of the Now he is Bank of London cad South directorshipa Americu. Other
Commonwealth Deve- Jopment Finance Company and | Cont the Canadian Pacific Railway.
1. 195 3600 a 1925 | include
NY sugar market
New York. Aug. 30. World No. 4 sugar futures to-
one
contracts.
No. 0 Domestic
Contract futures finished unchauged to two points higher on a total of 89 contracts.
{
George As we talked, Sir swiftly sketched in for me the background to his bellets.
between the "In the years two wars," he said, "everybody'
dls Europe as regarded integrated collection of ruddy. duddies.
10
As we walked together the lift i asked one last ques-
"in a nutshell how do you Bee Britain's position now
time of He repiled: "A a dynamic chango we must ex- ibe pert ups and downs. But pound is strong. We must not be afraid of prosperity."
"Ah," I thought es the lif whisked me away, "Sir George for merrier England."-Lon-
Servicu. dun Express
remarkable Grain
day closed six points lower te America became the colossus higher on sales of 47 and magnet for much of the
loose capital of the world.
"As a result she was able to expand her in- dustries progress and
to u degree.
Is "The pendulum
the uther way. America faces 'a period of on- swinging solidation ruther than growth.
Uncertainty on whether or not sugar Dominican over-quota
will be allowed to enter the US.
continued to restrict activity in the world and domestic markets. together with on This factor unchanged situation in raws gave the market little to work on UPI.
NOTICE
THE HONGKONG & YAUMATI FERRY CO., LTD. NOTICE is hereby given
at the credit of the Comthat an interim dividend of
More stable
ROW
"But Europe is moving Into a more stable political situation and lis age-old tradition of und hard saving investment work is having the Inevitable break-through,"
I asked Sir George whether he regarded Britain as being part of Europe for his hopes for the future.
pansion.
..M
"Or-course it is," he replied. likely to continue pany's Reserve Fund and three dollars per share-on-We must benent from the ex-. Another question: "Do you believe then in the market idea?"
accordingly that a special the Company's issued capital there in the coming years." Capital Bonus of $2,520, has been declared in respect year ending 31st And of the
December, 1960,
000.00 be declared that such bonus be up- plied on behalf of the par- Dividend warrants will be sons who on the 15th day available for collection at the of October, 1960,. were registered office of the Com- the holders of the 504,000 pany,
144-148 Des dissued shares of the Com-Road, Central, 1st floor, Hong pany in payment in full Kong, or will be dealt with for 252,000 unissued
Voeux.
Common
prices
close lower
Chicago, Aug. 30. Most stain fylures prices im day closed lower for the second day in a row.
and Some wheat, soybean maize contracts had losses of about one cent a bushel,
for a little Except business, commercial tlons were negligible.---AP.
export transac
-Exchange rates
----
Buning Way dune in the local unuflicial exchange market this snorning at the following rates:
5. dollar per $1) Sterling notes (para)} Australian nolas Iper £1) Inkinesian rupiah (per 100) Biam teala (per 100) Singapure (Siraita)
5.68
16.93
12.05
2.00
20.40
CHANGE OF ADDRESS
or in accordance with standing HARLEY MULLION & CO., (HONG KONG)
dinary shares credited as hustructions, on and after. fully paid be accordingly 15th October, 1969.
allotted to auch
persona
in, the proportion of one
Notice is also given that
auch ordinary share for the share register of the every two of the sald 504,- Company will be closed from October, to Monday, 3rd 000 issued shares then held by
Saturday, 15th October, 1960, such respectively, and that the both days inclusive,
persons
shares so allotted shall be By Order of the Board,
treated for all purposes i8,
an increase of the nominal
amount of the Capital of
LAU CHAN KWOK,
Managing Dirvotuc.
the Company hold by each Hong Kong, 29th Aug., 1900.
such shareholder and not
as income, and that such
shares shall rank for divi- dond as from the 1st day of January, 1961 (but not
so as to entitle them to
participate in any dividend declared in respect of the
proportionately anonicat thune members who would otherwise be entitled to auch fractions and in satisfaction thereof."
AND NOTICE IS ALBO
year ending 81st Décam- GIVEN that the Share Regin- ber, 1960), and that no ler of the Company will be fractional certificates shall closed from Monday, the 3rd be issued, but that shares to Saturday, the 15th October,; representlog fractions 1980, both daya Inclusive,
shall be allotted to a trus-
tee to the nominated by
the Directors upon trust
for sale on such conditions
as they consider expodient,
By Order of the Board of Directors,
LAU CHAN KWOK,'
Managing Director.
and the nut proceeds of Hong Kong, 29th Aug., 1900.
anter shall be distimated
Anaconda Copper Aunes Sivel Armour
Asbestos Corp.
Alla Cons. Mining 253.0-im-1tama. Baltimore & Ontu Bk of Montreal
ank of Nova Scotia Bevell Life Sovera B. C. Tel. Co. il Telephone Beretical Finance Berdis Avallon Corp. Erstguet Can Bethe Steel Bocinz Airplane Borden (The Co. Rusrough Add Machine British Amer, OH Calif. Packing Corp. Cana. Uk. ut Cum, Cana. Brewers Campbell Soup Co.
Canadian Fache R. Co, Lt co,
|
Cat, Trastor
Celanese Corp.
C.LT. Financial Corp: Chase Manhat. Bank. Chrysler Motors colgate-Palmolive Co
Cinett Peabody
Colombian Carbon Cu. Commercial Credit Consulate Edison Continental Can pene Continental Dil of Del.
Crane Cu... Crown Zelterbach
Cuban Amer. Suyar Delaware & Budian Diamond Alkali
Blumand Gard
Dominion Storum
Douglas Aircraft
Dow Chemical
El Paw Natural Gas
Fundly Finance Corp,
American exchange volume Ford Motor was 1,330,000 shares.
Bonds volume amounted $4,270,000.
Georgia Pacifie
General Dynatem General Electric
10 General Foods
General Motore
Gen. Pub. UH,
Merck
873%
London
market closes dull
London, Aug. 30, The stock market was dull with most sections record- ing small losses.
Bulness was restrained by the flae ins overseas sterling balances in the June quester, the uncertainly of Wall Street and the disturbing news fin Jordan
securities
W2IJ
Industriala were Bguin quiet
the clore when
a
Gall-edgra
Mebl Iron Corp.
144
subdued.
Minnesota Mining
20
Mission Development
1841
Melsons Brewery
2313
12
Monsanto Chemical Co.
with the tendencyì easier unut
40
shantly before
3014
Montecatinindeu
Montgomery Ward
31
Continental buying brought
USEP
Motorola Inc.
401
National Biscuit Co National
7012
firmer trend.
6011
8125
10%
Dalry Prod.
National Lead.... National Steel Corp. GBF) - New York Central
ידB
Nerpada Mines Ltd.
Norfolk & Western By. North Amer, Aviation Oklahoma, Nat. Cas Olin Mathileson Ots Elevators Owen-Illinois Glass
4424 Standard Brands
STORES HIGHER
Starts were marked higher Marks with Woolworths and
and Spencers a shilling up to 70s. 3d. and 87. 3d. respice- tively.
Oils which were lowered at first pickul up by the rfternoon, British Petroleum and Burnalis were around sixpence highwa
After a slow start gold shares resumed their advunes on Cape clase
stocks
Jost
much anner than yesterday,
Banding and Insurance shares
Dollar
31 ground but foreign bonds were
Rubbera hold steady but tens were anixed. UPI,
Closing prices
Gilledged Bunda
British Transport 3%. 1976/8-- 00-3/16.
Consols 21-2001.
Consuls 460-15/14.
1900/70-270-3/10.
Kayings 3. 1900/75-271-3/10.
Janks
羽
30
301
501
382
[
372
Oxford Paper Co.
41, Phelße Gas & Elex.
2712 OTS
34
Pan American Airways
Parament Pictures
02
10%
Parke Davis Co.
44
2534
Penny J. C. Co.
44
201
Punn, Sall Co
201
Philip Morris
2116
and Landon buying to
the gains wETC very Arm, but
A61
Pitney Bowes
413%
4316
Procter & Gamble Co.
12316
Pittsburgh Plate Glas
007
32.
Publieker Industries
B
INDSKO
DO
Pure Oil****
Radio Corporation
044
Raytheon
38
quiet.
397%
Republic Steel
GIRL
Reynolds Molal
4033
402
Reynolds Tobacco
485 Royal Bank of Canada
2012
Royal Dutch
341
22
Rheem Mfg.
10:24+
Sears, Roebuck & Co.
Shell On Co....
Bafeway Stores
37
Saint Reg. Paper
Schenley Inc.
2316
DAT
Conversion
Lean 3.
1981--
Scott Paper
45896.
Siegler Corp.
3744
Punding
Lunn
Firestone Tyre & Rubber "First Nat. City Bank
20%
Kincla
371
TA
Smh, Kine
French
511
£84-11/16.
Funding Stock
3
316
1959/03
1960/2000-
Sucony Mobil O
33
201
South Puerto Rlev Sugar
15
Funding
Loun
494
Southern
Co. (The)
493%
29-0/16
Southern Natural
39
Savings 3.
1915/65---- LUR÷1/10.
671
Southern Railway (Com.)
45-*
Saving
47%
4374
2016
Barclay's
Bank "A" Lid -
407%
Hongkong.
Lloyd's Blank "A"
d
Stone & Wabater
34.
214 Studebaker Packard Corp.
Sunshine, Mining
104
Swift & Co.,
4015
| Texas Co. ..
7035
34%
2006
13
Thickol Chem.
2014
Gr
45%
Tide Water. Oil
1031
101541
70Tune Inc. ......
5 Tri-Cont. Warrants
2438
E
4214
Twentieth Century Fox Film
50
Union Oil of Cal.
Union Pacific Railway
Int'l Tel. Tel.
41 United Fruit
2011
Johns Manville Co
Kaiser Industriem
90xd
S102
Kansas C. Power & Light
2031
Kennecost Copper
80% U.S. Rubber
55%
Kimberly Clark
791
1845
Liggett Myers Tob. Co.
831
US. Smelting U.S. Steel
294
013
70.
051/
Lily Tulip
6015 | Warner Bros,
40%
Goodlass
Zition Int.
855
Waukesha Motors N
397%
1314.
T
Lockheed Aircraft
26
Wealinghouse Ale Broke
431
Loews Incorp...
224
Westinghouse Electric
Lone Star Cement Co.
31
| Winn-Dixie Stores
Lowenstein & Bons.
10%
Woolworth (K.. W.)
McDermott J. Ray
221
Zenith Radic
32432
3512
-UPI.
1160.
10%
Dow-Jones closing averages:
30 Industrial 20 Rally
15 tes
BS Stucks 40 Bonds
Comia. future prive index,
Closing prices.
Abusi Pwr. & Paper
Akles Ing. Acy Algoma Steel Corp. Allied Chemicals Afted Mis Inc. All Chuisvers
Am Brake Shoe American Airline Am. Cable & Haco Car American Cyanamid Co. A&Furgn. Power
Aust. Gas & Electric Am. Home Prod. Am. Mach. Fdry. American Meinl
Am. Natural Gas American Benciting Am. Sugur Rel American Tel & Tel American Trib. Ampex
Gen. Tyre & Rubber Gidden Co.
625.49 Goodrich (8.) Co.
Goodyear Tyre 130.43 GUNTAT Aircraft $0.38 GUN O. 201.33 Hammond Organ
60.17 Heyden Newport Corp. 14357 | Walker
38
49%
601
כנני
251
Husman Retrig.
Idaho Power ... Imperial Olà ........ Imperial Tubacea
Ingersoll-Rand
Inland Steel Co. Int'l Business Machines Int'l Harvester Lyme
International Nickel
International Paper
309 McDonnell Alteratt
60%
Standard Oli of Cal. Standard Oil of ind. Standard Oil of NJ. Steel Co. of Canada Steep lock ******
32% Sterling Drug Co.
Blakely-Van Camp.
Textron Ing.
U.S. Foll
94 U.S. Gypsum
US. Line Co.
Yesterday's Closing
COMMODITY_PRICES
SINGAPORE
Closing prices all in Straits
conta
per b. fo.b.
METALS
NEW YORK
COTTON
NEW YORK
Closing prices ail in cents
No. Eept.
No. 4 Sept....
pur 1b,:
Spot
Det.
Deck
MKY
July
Oct.
Dec
MAT.
May
July
ports;
No. 1 Sept.
No. 1 Oct.
No, 2 Sept.
Garter - 5d.
Nun-Cumulative-435.
12
Od--10
Ord-291
SUCAR
NEW YORK
Closing prices all in centa per
EX04
FOREIGN ENCHANGE
NEW YORK- Closing rates!
England Sicial
New Zealand kin
Bouth Adrien, men
Other unchanged,
LONDON
*20 Closing rates;
23 New Yo
300 Montreal
3.12 Amatardam
1.00 7/22
National & Grindlays Dante-37
Westminster
Bank "A"
Insurance
Union Insurance Conton-£59, Airesaft and Motors
Motor Corp.
Ford Muter Co-984 7154.
itowker Siddeley Group Ord--30%
Rotta Royee Lid Ort-498. Rootes Lid "A-10.
Standard Trunnpk International-
8 104.
Breweries
Distillers Co428 7194.
South African Breweries 24,
Building & Misterialn
Associated "Purland Conent-748
Wall & Lead Ord-199
Coal, Boel & Engineering
Babcock & Wilcox Ltd-37 34. United Stee
Vickers Ltd 38.
Food & Tobacco British Amerkan Tob. Co. Ltd Imperial
Tobacco Co., L14-021 Miscellaneoar
Boardman Mamen -4.
Ltd. British Oxygen
Canadian Pacine Rly-4%??. De La Rue Co. Dru-776 00. Dunlop Rubber Co
d.
Quan Holding Ltd 20 Hongkong & China Gas--139.
11-07 CAL. Imperial Chemical
* Co- 1560.. Unlever Lid-150 9.
Bowater
Paper Paper Corp
Ord-634
J.
Fadio and Electrical Asociated Electrical-Cox Electrical & Musleah-40 104. Ingin Electric Co-s General Electric-30 36.
Shipping
Indo-China Steain Nav, Cq, def Brd 3d,
PO Elearn Navigation 39x 10440.
Storer_
Great Universal Stores "A"—B■
Marke & ponce Lif67 J.
Woolwertis
Co-10 d.
Conta JA P Ltd-52# 104. Courtaulds 1.td-bis 10120.
Cons Goldfelds of South Africa- 052.
Cons. Zing Corp. Ord-779,
De Beers
Hongko
Peteling T-7 14.
Bands,
Southern Kinta Cons Lid-251. Unian Corp83
West Driefontein Goldmining—120
он
British Borneo Petroleum
cated.·
British Burmat: Petroleum in Brian Paint Co. Li Bunnati-40% 3.
Royal Dutch Petroleum-12-8/10, Shell Transport & Trading-13:
+
---Itauter,
U.S. exports remain
steady
Washington, Aug. 20.
The Commerce Department said today U.S. exports in Juty
totalled $1.92 billion, slightly log than in June but a sub- stantial 17 per cepi, more than, In July, 1959.
Comparing only non-mliliary exports, the July total was p 22 per cent from a year ago. „This muggested that the sizablo inorense in U.S. commerciai exports pouled earlier this year
fed throughs Julyi- Excluding military shipments, the July total $1.85 billion
29.09
29,74
Malayan
903-003:
96-04
26-42-9654
Closing prices, all in cents
Spot rubber unbaled Blanket crepe
2016-9
2014-952% per ib.:
85-04
Lead
Sept
10.80
No. 1 pole crepe
100-104
NuY,
10.00
Zinc
LONDON
Sept
11.20
Closing prices ail in pence per
Now
11.20
Copper
| |bg|
Sept.
No. 1 Fem apot
Nov.
Settlement house term:
Sept.
2014-201
Oot/Deo.
24-2-13
Juo/Mar.
28-28
per long ton,
Apr/May
285-286
Thi
Apot
Copper
Spot
3-fivinti.
Lead and half
Ла
"Zing 2nd half
AUK.
Nov.
NEW ORLEANS Closing prices all in conis
General markets, o.1.1. bauls ports:
Och
********** 23-28 21.28 Estate drept this Sept. 3092
LIMITED
announce
per lb.:
Spet
Oct.
that as from 1st September, 1960
Doc.
Mor
Junky
their offices will be.
608, SHELL HOUSE,
QUEEN'S ROAD CENTRAL,
HONG KONG.
Telephone numbers remain unchanged.
Endow Your Children's Education
With First Hongkong Unit Fund Present Unit Holdera can now buy upwards of 100 units at a time in multiples of 100. For information and free bookot write to:
HONGKONG UNIT FUNDS LIMITED 701 Alexandra House, Hong Kong.
LIVERPOOL
29.76
31.M
Sop
31.79
22.14
33.10
8
Cloating prices all in perce per. lb.
American Contract
Oct/Nov. Dec/Jon Mar/Apri May/June
22.00
Mixed
Contract
COL/Nor?. Dra/Jan Mor./A)
May/J
8293 $280
HANN SABA)
RUBBER
NEW YORK
thick Sept. 209%
AMSTERDAM
Closing prices oil in guliders
per kilogram, cil: Sept.
272 buyers
2.11 buyers. at buyem 5.00 not
UPI.
No. fiber
No. Tubber
No. 3 rubber
No, 7 orepe
UPI
15:
Contract No. 4 (world)
2.04
Sept.
Oct,
JM
Mar
May
July
Spot (A. B. Cuba)
Rex rubber futures closing prices, all in conta por 1b:
Best,
Ma
Vely
Sept.
Total Bniet 47 contracte, Open interest: main contémata,
· Contesol No,'6 (domestic)
* 30.00
Nov. ***
22.70
Mar
20.40
Bpotent C., NY. «duty) .........
Fatal baleni oý nostrioti,
LONDON
Closing prices, all in sterling
3-month
N
-days
Buyer Sellers
800
301
B012
tki
230
#110
19059 19010
2.
20.00 0,00%
300
| XTitianiff
11.73-1
ono
6.00
2
6.00 Stoomkni
0,00
Képet asterunt; vip pontbants.—UPT.
Textiles
Mines
7160,
Syndi
V
..