NOTICE
THE HONGKONG & YAUMATI FERRY CO., LTD.
Nailee to Shareholders
NOTICE IS HEREBY GIVEN that the Board of Directors fave resolved to make an offer to members whe 01 the 16th day of October, 1900, are the regle- tered holders of the 604,090 | Issued shares of the Compony
of 232,000 unissued ordinary
THE CHINA MAIL, WEDNESDAY, SEPTEMBER 28, 1960.
London stocks WALL
improve on late trading
London, Sept. 27.
shares of the Company of the Stocks improved in late dealings after a nervous
nomitial value of $10 each at pa (such nominal value being payable in full upon application on or before the 31st day of December, 1960) Po that each member of the
Company or its approved nominee shall be entitled to upply for and take, up one unissued ordinary share for every two of the said 504,000 isted shares then held by Bach member. The shares so uffered shall, If accepted, rack for dividends as from the 1st day of January, 1981 but not so as to entitle them to participate in any dividend declared in respect of the year ending 31st December, 1960 and in all other resiæcts! with
the
issued present ordliary shares of the Com pany.
No fractional certificates shall be issued, but the shares representing fractions shall
opening today when dealers marked down prices to deter an expected selling wave,
HONGKONG
STOCK
EXCHANGE
Ly
Our Own Correspondent
Bariness done at the Hongkong this morning Stock Exchange Junounted to approximately $1,250,000. Noson quotations and this mornings tran-kelion
Bayers Hellers 1175 1185 301
Sales
STREET HITS
ANOTHER BAD PATCH
New York, Sept. 27,
The stock market declined moderately to another low for nearly
two years today. The volume was considerably below yester day's heavy trading.
The market was slightly goodyear Tyre & Rub.
Grace, W.R. & Co. higher and aptive at the opening of following yesterday's sharp de-
Ingersoll Rand.... eline, Prices alijiteve 6.49ging, Business Mach the first Holir, but then a gradual mil. Harvester xeronlon, zet n which to them at Nickel Intl. Paper modestly lower at the cli
It was the straight decline..
Buyers left the sidelines to
Industriala atter leading
and give the Hat u crop of plus signs
Anal by the
Motors bell. rällke, preesi by Ford while stock, lobaecos, and engineer- laga showed a majority of gains.
Amerlen buying was sald to be behind renewed strength in Foverungal bonds, Greeks and Chinese were down in the for- eign rector while dollar stocks moved lower.
.:
Gold Ismes extended yester- day's kalns, Coppers sluged a closing quick advance in the
Diamonds. and minutes,
alluding went ahead, Dile moved narrowly, Rubbers and teas slayed quiet.--UP).
Khares HK Bank.. Lumbard Union Whart
034 4
240
Waterboat..
29.40
20
t
Wheelock
770 1.75 2000
13%
2000
21
Dock"
103
105
Provident
20.00 21.18
105 1400 3600 21 21 5(K)
► 15TKI
41
be allotted to a trustee to be nк Hotel 4 nominated by the Directors BK Land..
upon trust for sale on such vaumati conlitions as they consider
Tram
experient And
the
netght
proceeds of sale (less the
#mount of $10 for euch
shall be distributed proper- |
tionately amongst those:
share payable on acceptance) Electric
members who would other
wise be entitled to such, frac tiona zvaref ia satisfaction "Telephone thereof.
170
100
314
315
20 1910
20.10 20 20
Ex. Rt...
341 342
The offer wil be made byg notice sent by post to each Cement 64 5545 Sharehunder specifying the Dairy Farm
number of shares to which
ench shareholder is entitled
und such offer, if not
accepted either on behalf of
29.26 29 36
2140
Allied Invest. A.20 8.10
Textile
Nanyang A. Rubber.
such member or his nominee, Watson on or before the 31st day of December, 1960, will deemed to be declined and the Directors will dispose of the said unissued ordinary shares as they think L
NOTICE IS ALSO HEREBY GIVEN that an Exiraordinary General Meeting of the Com- pany will be held
the
200 50
1400 240
1804170
1120 v 23.10
2000 N ZOLLE
1) sil
400 ir 23,30 ›
1500 - 24
2004 2002; SOU 28.10
100 20.
1000 na 25.11
500 28.2
21+ 28
GN WE WHICH 2500 ve 28.341
200 34 100 A 345
500 3412
100 343
200 @ 29.50 300 29.80 1500 or 29,60
300 20-40
500 34 29.34 300 + 29.40 2000 E 20.30 200 I 20.00
29.30
8.30
1000 B
275.8% 13.00 14.10 1000 14
1000 2 0.04 4.10
3000 5000 un 6
7.60
7,70
1000 ug 7.70
300 01
Rubber T. Talked Dock 015
Realty
1.775 1.50 the Com- HK Gos ... 14.00 14.70
pany's Offices, Jordan Road Lane, Craw, 395 40%
Kowloon, Ferry Pier,
011
Underwriters 11.30 11.00 day of Gilmaņu. 2.075 Saturday
15th
Humphreys 23% 23.70 October, 1900, at 12.30 p.m. Star Ferry 100 for the purpose of consider. A Cunning
XD
35 ing, and if thought it, pasк- ing the following Resolution as an Ordinary Resolution:- desirable to That it is Supitalise the
of
$2,520,000.00
Bum
being part
of the undivided profits
of the Company standing
NOTICE
400 or di
200
1300 or $135 1000 47 1.00
500 14.00 500 # 14,001 200 40
500 1 40
THE HONGKONG & YAUMATI FERRY
CO., LTD.
NOTICE is hereby given
ол
at the credit of the Com- that an interim "dividend of pany's Reserve Fund and three dollars per share accordingly that a special the Company's issued capital Capital Bonus of $2,620,- hus been declared in respect
declared and of the 000,00 be
year ending 31st
that such bonus be ap- December, 1960,
plied on behalf of the per- Dividend warrants will be sans who on the 15th day available for collection at the of October, 1960, were egistered office of the Com- the holders of the 504,000
144-148 Den Voeuxj
DU,
Closing prices
UK Government Recurities
Conso£45.
4. CORKOI—-07-1}},
Converslun, 2001-C50-3/18α. 3. Fund. 1939/13/10. #Funding. 1909/2016—£6454, 4. Funding, 1900/90-ÆBU÷10/10.
Savle 1955/05 — 188-5/32.
3 Savings 19033/16--21834- Sayings 1005/75-471. Banka, EURENCON
Buey" "A" Ord--61«. Chartered-565,
Honpkang~~ £ 60%. Lloythe "A6764 Weshlycter "A"--42.34. Union Insurance—£5%-
Aircraft and Motors 10 Motor-5. Ford Motor-44 1:50. Hawker Siddeley-átu Tiga,
Rulia Royce-43% 10:54
„Ituotes “A”-1.
Standard-Triumph-Re
Building & Materials
Anton, Portland Cementuna Tiya. Goodlase, Wall & Leađ...–409.
Siret & Engineering
Bakecok & Wileak-150 754. United Steel—124. Vickers-32 1169.
Paper
Bowater Paper Ort-57 .
Tobacco, Food & Breweries Brith-American Tobasyo--Uza. Imperial Tobacco 6d.
Diture Company-4 od, South African Breweries-244.
Miscellaneouя Boardman Marden-38 94. Bowanakers-278 78. Bri OxYEUR 29 olga.
Ledion
De La Rue MED
Dunlop Rubber-280 td. Gitman folding)-2 45d. Hongkong & China Gas-13.
perial Chemical-794 1150. Tilever--140.
Radio & Electrical Associated Electrical--46 4. Electrical & Musical-40%, Thelin Electric-345 91. General Electric.
Blippin Indo-China Navigation-21 d. P. O. Steam Navigation
stores
DebenhaRw-454 444d.
Grai Universal “À động Đức Marks & Spencer-87 74 d. Woolworth. EW-79% fisd.
Textiles Chols, 1-535 74% Courtaulds com l'ad.
ou
Bridal Borneo its 34 British Rumah--l994. British Petroleum-47 cu. Burmanı-30%,
Royal Dutch-£IR. Shell Transport-123k,
Mines
Consolidated Zinc-70s 9d.
De Beers--1958.
Petaling Tin-76 160.
-Reuter."
UK electric
companies
plan merger
London, Sept. 27.
Issued shares of the Com-Road, Central, 1st floor, Hong The Boards of the English pany in payment in full Kong, or will be dealt with for 252,000 unissued or in accordance with standing dinary shares credited as
Instructions, and after
on
fully paid be accordingly 15th October, 1960. allotted to such
persons
in the proportion of one
Notice is also given that
such ordinary share for the share register of the every two of the said 504,- Company will be closed from 000 Issued shares than Monday, Brd
October,
to
held by Buch persons Saturday, 16th October, 1900. respectively, and that the both days inclusive,
shares so allotted shall be
By Order of the Board,
LAU CHAN KWOK, _______Managing Director. Kong, 29th Aug., 1960,
treated for all purposes as an increase of the nominal amount of the Capital of the Company held by cach Hong auch shareholder and not} as income, and that such
aharos shall rank for divi-
dond as from the 1st day
of January, 1901 (but not
so as to entitle them to
participate in any dividend
Electric Company Limited and the General Electric Company Limited have agreed to "explore im- mediately" the prac ticability of a merger of their groups by means of a holding compariy, it was antibuticed fa a Jolt statement here tonight.
A statement said the two baird felt "that many attivities of their two groups are comple-
market's fourth
MGZ lowes ranged fron A few cents to around one dollar a share.
Steels, uttittles, dutos, rails and chemicals declined.
Aircrafts and come of the
i
fil. Tel & Tel Jones & Laughin
Kaiser Alumunium
se utesti Copper
Litby Owens Fol
& Myert
Lone Star Cement
Marin Co
Lilad, P. Co
Merck & Company
Metro Goldwyn Mayer
Minneapolis Stoneywell
kiinninots Mining & Mitg Momento. Chrescal
drugs and bulging materials advances of 1.220 Issues traded, 029 declined, 381 düvanced and 224 closed unchanged. New 19 Montgoinery Word
Moore Meccomack Lies lows totalled 142 against reven¦ Mclarois The new highs for the year.
Standard
tot 12 tent at start Index
53 tits at level eines December 9, 1958 when it was 01 $52.82 duars.
Poor's
Sub
National Biscui Nalcodi Chat Degister Natron Dairy Ficu National Distillers
National Gyomin
Nrubigi Led
New York Chitral
Northwest Airlines Oule Oil
Volume 81 to 3,170.000 shares. Etmpared with 3,930,- | (*# Minurers Chica B00 shares frúdza skaturday:
The
aircraft-missile
had rome good gillus as Wa!!
Pacific Gem & Mine
PASULD
Pan Ain World Airway
Paremont Plotures
Pennsylviala it
|
Pepsi Cola
izer. Charles
Photos Dodge
Street was Bettling na disama ment would ednie from the cur- relit Urifted Nations Coneri) Assembly meating.
The business
news remained discouraging to investors,
Seven, of the 15 most active stocks declined, five advanced and three were unchanged.
Benguet, the Philippine gold headed the list mining stock, for the third straight day.
Dow-Jones averages
Dow-Jones uosing averages
were:
30 industrials
20 ralis
15 utilities
63 stocks
40 bonds
574,81
125.62
91.70
102.71
84.58
Comm. future price index 143.87.-AP and UPI.
Closing prices
Aliled Chentical Corp. Alils Chalinets
Aluminum Id. Aluminum Company Ameruda Petroleum American Afrines American Con... American Cyanumald Amerlean. Smelt & Refin American Sugar American Tel
American Tobacco
Tel
Apeconde Company
Armco Steel
Amour & Co.
Associated Dry Goods
Atlantic Redning
Bendix Aviation
Bethehem Steel Bocing Airpiang Borden Co, Borg Warner Bridgeport Brass Burroughs Corp. Canadian Pacific Rwy Case. J. 1. Co....... Celanese Corp Am. Cerro de Pasco
Chrysler Corp. Cillas Bervice
Coca Cola Company
| Colgate Palmolive (...
Commonwealth Edison Consolidated Edison Continent Ol... Corn Products Co. Crane Company Crown Zellenbach Curtis Wright..... Distili Corp-Scagrams Douglar Arcnt; Dow Chemical
DuPont de Nemoura
46
244
203%
6311
Philip Morris Philips Petrol Pure Of Quaker Oats
33. Radio Corporation
Raytheon Company Republic Bleel |
35
Bols Reynolds Holla 197) feynolds Tobacco
Royal Dutch Petrol St Regis Paper
France
661 Stars Roebuck Shell Oi
Shell Transport Einclair Of...
745 Socony Mabli Olt
4915 Bouth Ain Gold & Plat
fouth California Edison Southern Company ·
Rand
224 Sperry Branda
Standard Of California Bland Oil Indiana....
Texaco Ine
F
38121
COL
419
70
38
35
Stand Oil New Jersey
त
Stand Oil ONIO
479
63
Sterling Drug
03 P
Studebaker Packard
12
73
1's Thespon Ramo W
SATA
6
Tidewater 011
TWITS Century Fox
BALL
Trans World Airlines
4115
1092
10%
Un'on Ou Calfornia Union Parte ...... Iinted Wreratt Corp. Unned Air Lines
2312
41:4
24
and Fruit
170
635
R2
25 Union Caride...
US Industries
Us Liars
118 Rubber
115 Amell & fen
US Steel........
Warner Bros, Pleturen
Western Union Tel.
461
Westinghouse Electric
43
701 Yele & Towns
Youn-ww Sheet Zenith Radio
4812
4516
473%
112% ~~UTI.
relaxes
restrictions on imports
Paris, Sept. 27.
The government announced today that French trade will be entirely freed next year with the dollar zone and countries belonging to the former Organisation for European Economic Co-operation (DEEC).
The Ministry of Finance
53 Issued last weckterid a raw st
1894 of Industria? products for QEEC members and dollar zone countries...
231%
any.
There was also a list of pro- 20ducts to be freed for countries which do not belong to the OEEC and the dollar zone.
The Ministry of Finance said
not that France "con longer keep restrictions on im- 3934 perts under the pretext of an unfavourable balance of pay-
and must as soon ments 22 possible eliminate 313 barriers
30
4812
33
2212
23
4114
As
all quota
IMPORTANT
The announcement said that 231/ the difference between the dollar zone and the OEEC on 934 one hand and other countries im- will still remain fairly
29
U21
417
portant.
The decision to free all im- ports from the dollar zone and the OBEC countries next year was considered, a new
Cuba planning
barter deal
with Canada
New York, Sept. 27. Cuba is planning a major bartet deal with a power- ful Carlndian business group to replace lost trade with the United States, Dr Regino Hoti, Cuban Economics Minister, säid today.
He said that if the deal was stop by agreed, Cuba would exchange
29 President Charles De Gaulle's sugar and petrol for vitally
2012
73
1851
Eastern Air Lines
Eastman Kodak
111
Food Machinery & Chem.
AB
Ford Motor Co.
619%
General Dynamics
General Electrix
General Motors
General Telephone
2514
Georgia Paciffe Corp.
Cetty O...
General AIDS
Cullelle Co.
Goodrich, B.F. Co.
Yesterday's Closing
needed car and machinery spare government to ease the tension
Common between the
Market parts. countries un one side, Great Britain and its group of the
and the Outer Seven
United he States
The Economics Minister sald
understood the Canadian firms involved bad declared their willingness to give the necessary tochnical assistance.
British steel industry
remains
busy
London, Sept. 27.
The Intense pressure of Britain's steel mills of Spring and early Summer has now been lifted. Delivery delays are shortening and six months is now probably the average against the earlier eight months, although some items remain very tight, the Metal Bulletin report- ed today.
While it was obviour the enormous and continual increase in slec-making and rolling capacity would catch up with demand although consumpti continued to rise, the change in the supply-demand position was precipitated by government financlul meüsures earlier this year which were now making themselves felt on consumer in dustries.
The magazine sald the fall in car exports, chitty resuite:: from American-made compact cars on the U.S. market added to the fall-off in demand,
con-
Easing pressure from sumers so far has had virtually no effect on steal works' opera- tions and the impact whi b delayed while merchants con- tinue stock-building, but the rate of stocking was likely to slow in the year's finaj quarter.
HAMPERED.
Metal Bulletin sold it was tm.i possible to predlet how the steel situation would develop be-
cause, through government In- tervention, traditional economie factors were not allowed to work unhampered.
1
DAIRY FARM DIVIDEND
The Directors of The Dairy Farm, Ice & Cold Storage Company, Ltd., announce that an In- térim Dividend of 60 tents
share in fer respect of the year end- ing December 31, 1960, has been déclared pay- able on or after October 24, 1960.
West Germany
agrees to
aid for
Steel-makers will not easily more
recoup on the export markets what they may lose at home and the general world trend was to- warda market' softness,
with
the US Industry operating only little above half capacity while European mills* prices
it
were tending to mli.
The internat market of the European community still seem- ed buoyant and Japanese mills
appeared free of major worries, overseas "But competition for markets is going to be very Intense and British exports this
shown year have already declining tendency f
An editorial said, the British
*
needy
nations
Washington, Sept. 27. West Germany tentatively agreed today to growing demand that it turn more of its newly gained wealth Into long-term develop. ment credits for under- developed countries.
The West German Minister Economy, Mr Ludwig Erhard, told the annual meet
steel industry will remain vory busy for the remainder of this year, but beyond that it was ing of governors of the World
Bank, and International Mone clear a reduced rate of operary Fund that with its post- tions will prevail.-UPI.
war economie recovery accom- plished, his country could now dertalco in larger measure to co-operate energetically
French mint development aid."
shortage
A spokesman of
MEIRI told
mint fast
Paris, Sept. 27.
the French Reuter that the week made en- quiries, on the London bullion market concerning the supply of 20 to 50 tons of sliver per month for a period of three months.
The apokesman said the en- quiries had been made through French brokers.
However, no decision on any purchases had yet been taken, he added,
It is undersidod the
ot
The government was reported to be ready to eliminate remaining
7.5 per cent present restrictions . next January and April in two new iberalisation moves.-UPI.
COMMODITY PRICES
RUBBER
SINGAPORE
METALS
LONDON
thut the
ה!
But he demanded that other Industrial countries join with West
in Germany
Commba
the programmes to accelerate economale growth of the needy nations.
CONTRAST
Chan- By contrast, British cellor of the Exchequer Mr Selwyn Lloyd declared that his
too government was
deeply committed to the assistance of to the Commonwealth natione
the have large funds left for aid of other areas.
Mr Erhard and Mr Lloyd nevertheless appeared to agree He stressed that neither the French Mint, which is to issue that the main burden of the
against fight
under-develop- and Ave new trang Soviet Union sor Communist both two
ment should be undertaken by China was able to supply the silver coins, has already bought international bodies and private
of silver and capital rather machinery required. Cuba had large quantities
than through Intenda to enter already received aquaritity of
the world bilateral autton, machine parts trom Czecho- market only It prices are Miovaldia but modifications to aliffbelently attractive, make them fit American type Mall Special, engines would not justify the cost, he added.-Reuter.
RUBBER MARKET
Singapore, Sept. 27. Cicsing prices, all in sterling The market opened today about unchanged and noon about 97% slipped to cents.
Buycia. Beilára
Tin.
9776-0932
spot 3-month Cooper, popol S-month 1236-9244 ZAC 2nd half,
Blept, Dru. #216-8311
10435
Body,
201
102-104
Sept
Lead and half,"
Dec.
Closing prices all Straits cents per lb. 1o.b. Malayan per long ton. mentary and having regard to porly; the interests of shareholders and
No. i det employees have agreed to ex- plore Immediately the practie No. 1 Nov.
No. 2 Oct, dability of a merger,..."
No 1 Ogi. No.4 Oct. Should the plan be finalised, sool, rubber unbaled those members, who would this would represent one of the Blanket prepe otherwise be entitled to biggest electriest groups in the Ho. 1 paže opape such
and fractions
in World. satisfaction thereof."
proportionately amongst
LONDON
2014-20
The announcement was mado Closing prices all in pence per after the London Block Ex-1b: declared in respect of the
AND NOTICE IS ALSO, changé closed but 15 inter-
Wero No. 1 Had apick year ending 91st Decem. GIVEN that the Share Regis- office dealings traders
cautious and there whg ng · Kattjdment House žáŕmi change in marked prices for get/Deo. either company-Reuter
Jan/Mar
Apr June
2755-2776 Buly/Dept.
General markets, e..f. basis, ports: 2596-28}%
ber, 1900), and that no ter of the Company will be fractional certificates shall closed from Monday, the Brd be issued, but that shares, to Saturday, the 16th October,
fractions 1900, both days inclusive, representing
sunil be allotted to a tris-
tee to the nominated by
the Directors upon trust
för sale on such conditiong"
as they consider expedient,
By Order of the Board of Directors,
LAU CHAN KWOK,
Managing Director,
and the net procosds of Hong Kong, 29th Aug, 1960.
sula shall be distaśbuted
Exchange rates
was doni ta that went
morning at the, following ratéejali za
Harling notre (perl). Auffrailles, dioten (pi &1).... Indonegian rupiah (per 100).
mm MIA (DA/2300, VIAJES...
Oct. Nov. Katate crept thin Oct.
thick Dat AMSTERDAME
Closing prices all in gullderr per kilogram, eJS. Oct:
All unchanged--UPI V} /*-
価
FOREIGN
Profit-taking took prices back at to 084 cents later, and lower sheets werò k Hood "ddinand with differentials tending to ndrrow.
In the afternoon trailing con- tinued on same pattern with Euctuations within varying linită,
Interests were in twos and threes ribbed smoke sheets, but fours and Alves ras were still neglected.
3
China
Price cut in 'compact' cars
Detroit, Sept. 27. Chrysler Corporation has cut the price of its compact Vallant cars and Held the line on lis prices on its Plymouth line. trought out a cheaper two-door In addition, the company has model of the
Valiant that brings lowest priced model cldeer to the lowest price. Ford Motor Company motora Corporation compacts and General offered in 1900,
Ford and Gst have not yet ditiounced 1981 car prices. China Mark Special.
·After the official close, buy men withdrew did prices docUBH | 12 futiker.
ANCHANGE
NEW YORK
Closing fath A, 20
1.022
Wondays
[20
Atmicals
New
In London, the farket Hit very quiet with, spot quoted ba
#neo.'
In: Amsterdam, the
Agreed merchant
tátés
Canadian Medioille
1/32
Minitium Buying 17 9/32 T/T 17 11/32 Q/D.
HK UNIT FUND
Heller | Frioul "$1.OK
U.S. Undersecretary of State, Mr Douglas Dillon, hammering on the theme that Europe must become more. active in bilateral old, fold the governors of the 06 member nations altending the feeling that the inter-- national Institutions "carinot meet all the rices of the. developing countries for ex ternal assistance" UPI.
U.S. steel production
gipel production in the Unile Mato New York, Sept. 37,
Staics in the week beginning September za tintated by the Altericall from Aut: Steet Indutute 22.543,000 tabs, compared with 1,547,000 tons In the providing week and 302,000 En: In thé 'slintjar 1059 week:
CO
The ingot index is 06.2 cous- pared with the previous week's 00.3 til 22.5 In the hilar 1950 (This luck, I used on averažo 1947/48 out of 45,- 838,000 net tons), ya
eleniminted output the week's interina of January 1, 180 capacity of 18,780,970 K. Is put a dea per vent, compared with 84.8 per cent i the vious week, La Chirld' Special