NOTICE
THE HONGKONG ♣ YAUMATI FERRY
CO., LTD.
Notice to Bhareholders
nominal (such
of
THE CHINA MAIL, THURSDAY, OCTOBER 18, 1960.
Wall Street sees first Red
Red China
London decline in
stocks six sessions
ease
1
London, Oct. 12. Industrial stocks moved irro-
gularly lower today ол
HONGKONG
STOCK EXCHANGE
by
Dus Own Correspundent
New York, Oct. 12. Traders, more interested in the world series than the stock market today, gave the list its first decline on average morning amounted to approxi- in six sessions.
NOTICE '18 HEREBY GIVEN that the Board Directors have resolved to make an offer to members who on the 16th day of October, 1900, are the regis tored 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 ench at valuc риг being payable in full upon application on or before the 31st day of December, 1980) so that each member of the Company or his approved nominee shall be entitled to apply for and take up one unissued ordinary share for every two of the suid 604,000
Motors fell back paced by more issued shares then held by auch member. The shares ao Ford. Textiles, stores and bre- stood offered shall, if accepted, warles finished mixed, rank for dividends as from steels were lower, the lat day of January, 1961 (but not so as to entitle them to participate in any dividend declared in respect of the year ending 31st Decembar, 1960) and in all other respects, Grecks looked lower in a with the presentiasued quiet foreign boad market. Dol- ordinary shares of the Com
pany,
No Tractional certificates shall be issued; but the shares representing fractions shall be allotted to a trustee to ba nominated by the Directora upon trust for sale on such conditions as they consider. expedient and the
not
proceeds of sald (less the Cambunt of $10 for each share payable on ncceptance) shall be distributed propor
thoka tionately amongst members who would. olher- wise be entitled to such frac tions and in atisfaction
The offer will be made by notice sent by post to each shareholder specifying the number of shares to. which euch shareholder is entitled 起 not Buch uffer, und
accepted either on behalf of
such member or his nominee, on or before the 81st day of
Will December, 1900,
be
deamed to be declined and the Directors will dispose of the said unissued ordinary sharea as they think fit.
NOTICE IS ALSO HEREBY GIVEN that an Extraordinary General Meeting of the Com- pany will be held at the Com- pany's Offices, Jordan Road Kowloon, on Ferry Pier,
the 15th day of Saturday October, 1960, at 12.80 p.m. for the purpose of consider- ing, and if thought fit, paks- Ing the following Resolution as an Ordinary Resolution;- "That it is desirable to of 80m capitalise the
being part
$2,520,000,00
of the undivided profits
2
Brands
Steel Co. of Canada Sterling Drug Co. Blakely-Var Corp.
news of production cut- Oboervanes of the Columbus Socony Motal Oll backs by British Motor Day holiday also held volume Southern Pacing Co.
to around the lowest Of Stamland Oil of Cal Corporation gilt edged down
ex- the year. securities, however,
Most of the smaller oll stocks tended their gains.
finished the day a point or higher while Polaroid out in the plus column white with a gain of around 7.
Electronics
na Texas Co. down Were
Textron Inc. ди 7 much
in Texas instruime Inc. their ments, motors held fractionally Union Carbide
higher except
Gold stocks continued
downward drift. Coppers
tins cased,
and
Olis lost fractions with, Ultra- mar the biggest loser...
lår stocks cased.—UPI,
Closing prices.
British Government Securiles 21%, Connlidated-= £55-3/14. Conversion00
3% Savings 1950/02 £58-23/32, 3. Bavings 3PGJ/70—27834. 3%, Baving 1965/75-£71-0/18. .. Banks & Insurance
Barclays Ord—69_9d. Chartered Bank-57 Od. Hongkong Bank-ics. Lloyds Bank-109d. Union Insurancemde týů,
оц Burmah OIL-40% Dd. Royal Tuten-123).
3d.
Steel Engineering - Babcock
Jox Ord...34% 20. United Steel-83# · 3d% Vicken Ord-31 Jct.
Industrials Anot. cc. Industrie Asoc. Partland Cement-72 1d. Beardman, Marders Om British-Amer. Tob.. Ord-dz Brilla Molor Ord-18 id. Ccale (J, & P.) Ord-003 lou, Courtaulds Ord 117.
De La Rue Ord-656. Dunlop Rubber Ordi09 44. Eler.Mus. Industries 40% 30. Ford Moler Ors-0 d.
General Electric Ord-380. Gitman (Holdings) Ord-2# 34: Grant Univeral Ond-Ne 1. Hawker Siddeley Ord-3in f inperial Chemical Ord-fle 3d. Imperial Tobacco Ord 74.
Ord--12 Marks & Spencer "A"
Rolls-Royce-45€ 2d. Blanderd-Triumph--ti, W. Unilever Ord-155 3. Woolworth Ord-82 15.
Mines De Beers Def-1406 Petaling Tin-Ta id. Union Corporation in Gd,
Miscellaneo
Bowmaker Ord-253 74. Canadian Pacille Ord-13334. Hongkong & China Ga-15. P.&O. Steam NAV. Det-e 74. Reuter.
HK UNIT FUND
Unit Trust First Hong Kong Fund: Buyer Price: $0.99, Seller Price: $1.05.
NOTICE
THE HONGKONG & YAUMATI FERRY CO., LTD.
of the Company standing! NOTICE la hereby given
at the credit of the Com-that an interim dividend of pany's Reserve Fund and three dollars per share on
Business done at the Hong. kong Stock Exchange this
mately $2,750,000. Noon quota- tions and the morning's transac
tions:
Blares
Buyara Ballers
silk shirts
in Singapore
By Gordon Hung
-Singapore (by Airmail). Silk shirts mado in ́Commu- nist China have invadod the Singapore market.
The shirts have been imported into the State from Hongkong, where they are very popular for their low price.
Making their first appearance on the sitiowalk of a busy Singapore street, a peddler sold dozen in loss more than two than 15 minutes. Bales
DO 1215. 30 + 1000
27:40 27.00 1000 23.19
200 3.40
301
Starded Ou of Ind. Standard On of NJ.
4502 401
K' Bank. 10 140
41
Lombard Ins. 305
170 £37
03
-1413
Union What
ina 100 104
Co
230
400 64
toe & Webster Studebaker-Packard Corp. Swift & Os.
Waterboot
10%
Wheelock.
75
2014
01
JK Duck
114
Prodent
2514
Halol.
KK Land
4414
for Chrysler Union Pacife Railway
United Aircraft coppers U.S. Foll "0" which eased tightly,
and US, Gypsen
U.S. Rubber
as much as 2 in Magna stools over a point in US. Steel,
U.S. Smelting Today's volume was 1,890,000.8. Stret
Warner Brom.
traded. shares. Of a total 1,124 shares Westinghours Electric
337 were higher,
and Western Union T. Co.
500 lower, American exchange | Woolworth (K, W.) volume was
Bonds volume
920,000 shares.
crnouted to
Dow-Jones closing averages
3,250,000.
wert:
30 Industrials
20
rolls
16
utilities
65 stocka
40 bonds
585.83
126.67
93.21
165.57
84.90
Coman future price index 143.59.
Closing prices
Abiti Pwr, & Paper Alden In hoy, 19 Agama Steel Corp. aled Cheroicada ... Allled Mus Inc. Allis Chalmers
Am.
Airline
Americo & Radio Corp. American Cyanid Co.
Am, Gas & Flectric
A. Horge Prod,
Am. Mach. & Fury. American Metzi American melting Am. Sugar Hei
America Tel & To American Tob
Anaconds, Copper Armour ARRAY Asbestos
Atlas Coffy.
ning
Baldwin-Lima-Earn. Beliunore & Ohio Bank of Montreal Bank of Nova Scotia Beech Le Savery
B. C. Co.
Bell Teldphone
Bendix Aviation Corp.
Benguet Cons Bethlehem Steel Bucing Airplane Barden They Co Burroughs Ada Machine British Amer. On.... British Columbia Elec. Erith Chambla Pwr. Calif. Packing Corp. Cana, Ek, Gt Comm Browern Campbell Soup Dr. Canadian Pacific 1. Camo J. 1.) Co.
| Cat. Tractor
Celanexo Corp.
G. L. T. Financial Corp.
Chrysler Motora
Cluelt Peabody
Colombian Carbon Co.
Commercial Crodit
Corning Glas Works Consolidated Edison
Consolidated Paper Consumers Gas Continental Can
Continental Oil of Del. Delaware & Hudson Co. Discher-SZOKTAMS Dominion Stores Douglas Atreraft
Go Chemical Dupont de Nemours Englom Air Line
Eastman Kodak Family Finance Corp.
First Nat. City Bank
accordingly that a special the Company's issued capital; Perro Corp....... Capital Bonus of $2,620,- hus been declared in respout Ford Motor Co. of Cana.
the and of 000.00 be declared
year ending 31st Ford Moter that such bonus be ap- December, 1960,
plied on behalf of the per- Dividend warrants will be sone who on the 15th day available for collection at the of October, 1980, were the holders of the 504,000 registered office of the Com issued shares of the Company, 144-148 pany in payment in full Road, Central, 1st floor, Hong
for 262,000 unissued or-
Вся Vooux
Kong, or will be dealt with In accordance with standing
dinary shares credited us instructions, on and after fully paid be accordingly 15th October, 1960. allotted to such persons
In the proportion of one
Notice in also given that
auch ordinary share for the share register of the every two of the said 604,- Company will be closed from 000 issued shares
October, then Monday. Brd held by such persons Baturday, 15th October, 1980, respectively, and that the both days inclusive,
shares so allotted shall be
treated for all purposes a5 an increase of the nominal amount of the Capital of
Georgia Pacifie
General Dynamics
General Electric
Gestern! Frods
General Motora
Getty Dil
Gen. Pub. Util. Goodrich (B. F.) Co. Codyear Tyre
Gulf Oil
Great Northern Railway
Homeslake Mining Co. fussman Befrig. Imperial Oil...
inland Steel Co.
Imperial Tube com
Int'l Business Machines Int'l Harvester ..... International Nickel
international Paper
Ini' Tel & Tel
Jona-Marwille Co.
Kimberly Clark ....
Lockheed Aircrati
14%
1041
Estimate of
U.S. 1960
corn crop
Washington, Oct. 12.
|Tha U.S. Agriculture De-
B.0.00 20000 41 2.85
1000 1.00
9000
190 307 1903 24 160 2150
Youunati Ferry,
434 4312 2503 43
}
150 43
012
1709 je 62
50 v 5115
PA O BE
200
·70064 203
500 m 23.40 200 or 23.0
700 (
Esc. All.. HK Tram. 312 32
Light 23.40 2335
103
. 20.40 26.CO
HK Tel. .. 2014 201
HR Elec.
Ri... 10.80 15.00
G. Cement 301⁄2 Dairy Farm
EX DM. 30% 30%
Walson Allied Textile
Nanypru
20332715
759 23,79 117 7670 3000 A 20.81
100 € 391 ZOCO & SULE
p1 or 1.78
1330 k 19.09.
· 1919.80
57 1800 80%
Inv. 25.80 27.40
partment yesterday Amal. Rub. estimated the 1960 corn
crop
bushels.
300 3J!?
500 (
2.63 B.70
624
1600
3000 3,70
533 B7%
1250 1,70
03 in G
14% 14.80
0300 7 14.00
130 14
500 14.00
5.30 1000 g 4.25 1000 0.55
80000 7.00
614
TTUM 7.80 Taikon Dock
2000 64% Humphreya $4.00 24.50 1000 of 24.10
SCO J 24.70 1.90 1.925 60000 @ 1.925 15000 à 1,025 20171
4,258,511,000 Pub at
This compares with the September estimate of 4,182,467,000/Realty bushels and last year's Stor Terry 172 record 4,361,170,000 bushels.
The wheat crop was esti- mated at 1,388,238,000 bushels, mode of 1,116,810,000 bushel.
14.00 14.00
The shirts, made from pure white
are silk,
at
HK$4.50 each.
priced
One of the several peddlers selling the made-in-Communist-
New aircraft can
perform ten
different roles
China shirts maid: "We guaran. A new freighter aircraft, the Short SC.7 Skyvan,
ter they don't shrini. These
shirts are very popular Hongkong"
Stn holders, however, in Sng- apore's leading
side-street
shopping area, Change Alley, are complaining because they are selling the same shirts for HK$15.30.
"Something should be done
"the flying equivalent of a 11⁄2 ton truck;" capable of performing 10 different roles, hás been designed in Britain.
How
Its bruliders, Short Brothers ; and sell him something. and Harland, of Belfast who much more effective this can be also designed the revolutionary | if the salesman takes his wATES SC.1 jet engined vertical take with him." And they point out aft research plane and are that, with a demonstration una to stop the sale of these shirts
now constructing one of the of up to 2,000 lb. weight in the Car below our prive," one said,
the hold, a team of sour flying m106- largest air-freightons in does the man-in-world, the Britannic But what-
claim men could be comfortably seal- the-street feel about 111
ed in the aircraft,
"I buy them where It is cheapest," is the consensus of opinion in money-tight Singa-
parc.
Jet flights cancelled
Minneapolis, Oct. 12.
ablo to
SC.7 Skyvan will that the carry 3,000 lb. of almost any- thing and will be operate safely at full load out of any half-mile field, clearing or strip.
As an agricultural aircraft, the SC.7 could carry a largo hopper and its associated equip ment as well as over a ton of dry or wet chemicala.""
The freighter is a twin-
be Because the aircraft can engined, high-winged all-metal flown with the rear, door open, monoplane with a twin-finned, bales of fencing wire would be tall
and non-retracting pitched out at required intervals nose-wheel Its dimensions along a line fonce,
unit
ure: epun 64 feet 1 inch, height
LIGHT TRACTORS
For both types of job, the 13 feet 3 inches and length 30 feet 11 inches. The main hold plant's good handling qualities 16 feet long and 8 feot right down to 70 m.p.h. would Pure jst flights operated by square inside and there are no be a great asset.
North-West Airlines be- projections or restrictions. The tween the United States large rear loading door can, be and Honolulu and Tokyo opened in flight for parachute- were not running today dropping. following a walkout of flight engineers,
The cngineers have walked out on services using the DCC only, and propeller, and turbo. 500 g 172 prop flights are not affected, the 5500 je 14.90 | Rirline, said,
HK Gas
1500 a 14.00 i
Cilmet
1000 2.10
2000 of 2.15
Meq Elec. 11.00 Sincere
1000 11.90
400 5.00
100 3.60
8.40
HK & FE
estimate
24.10 14.40
27.30
a last month's was virtually
18.40
of winter wheat and 251,628,000 Int Invest. bushels of spring wheat,
The winter wheat was the same
when the
<rup
all harvested. The spring wheat
Jast estimate compares with
mouth's forecast of 251,101,000 |, bushels,
The current all-wheat crop 1,128,151,000 with compares bushels last year and a 10-year overage of 1,092,071,000 bushels. ~~UPI.
Rubber
market
review
New York, Oct. 12. Rex rubber futures today closed 15 to 40 points higher on sales of 35 ̊ con-
tracts.
Local futures prices advanced modestly today la Une with the firm trend in markets overseas.
In actual rubber, dealers dag- 12cribed the session as "pretty much of a wasted day" with niany intervosis staying at home ou over the Columbus Day holiday. Manufacturers showed little in- terest and
510
Far East offerings
were scafer and high priced. However, 2 crepe was reported
Inv. Ione, Craw 40% Ent. Vibro
Exchange rates
5,01
Business was done in the local wsofficial exchange market this maring at the following rates:- US doller (per $1) goste. Sterling Koleg (per 212. Australiant Tuitey (per £1 Indonesian rupiah (per 100) Elan tienie (per 100) Singapore. (Stralis)
15.94 12.02
2020 1.90
The engineers had decided to
With full payload the SC.7 will fly 200 miles at 108 m.ph, or with a one-ton payload the
Tises to 000 miles Tenge
140 m.p.h.
VARIETY OF ROLES
that
The makers claim
at
Light tractors and feld machinery and a wide range of animals could be carried, as well as any known automobile weighing less than 3,000 lb.
Military capabilities of the aircraft include supply crop- ping by parachute, the carringu of 12 fully armed paratroopers tty who could jump in sequoties
walk on the job because they design will enable certification straight off the rear floor slil, were not being paid enough for to be obtained to the highest the transport of up to 15 seated work on pure jot planes, airline standards anywhere in soldiers over
the world.
union spokesman sald.
Tolks were continuing be- tween union representatives and tho company today
Reuter.
Rayon project for Indonesia
Djakarta, Oct. 12. 3400 Indonesia will shortly es- tablish a rayon manu- facturing pilot project, a senfor government tex- tile technlelani Mr Nogi, told reporters today. The government had been Washington, Oct. 12,
testing rayon-yielding The Export-Import Bank yes- material for four years, Me terday authorised $6,400,000 in Nogl maid.
For Pakistan
בלו
credits to Pakistan for purchase Manufacturing machinery will of raw cotton processing equip- be brought out from West Ge-
nuany soon),
The
ment In the United States.
Delivery of the equipment is
government wants to expected to be completed by produce 53,000 tons of rayon a late 1982-UPI.
yeur Router.
Yesterday's Closing
→ range of 200 miles or 10 soldiers 900 miles, In a and setting them down Primarily designed
a 500-yard Ñeld, 'or, as an air freighter, the aircraft will ful-ambulance, the transportation and an Al a wide variety of roles in the of 12 stratcher cases civil and military fields.
attendant.
As a passenger transport it
The SC.7 has a non-buckling will accommodate 15 people, the stressed skin structure and al-
square cross-section and large headroom - 8 feet 8 inches
most the
entire aircraft is
thin corrugated sheet
of the compartment making it covered with a sandwich com-
prising easy for a commuter service to
thin flat sheet bonded and be arranged, with passengera carrying their own luggage and placing it on the targe provided.
This form of con- together, racks atruction is said to be extreme
ly strong.
Fitted out as an executive
Two prototypes are being transport, the 8C.7 would bulit and are expected to fly offer businessmen a spacious, in the Spring of 1001. comfortable aircraft equipped with the "necessities of life", such as a toilet and a bar, and with room to get up and move around. And, it necessary, the plane could be used se an attractively furnished ground. based office,
A choice of interior layouts is available to the operator rang. ing from the 42-seat first class configuration to Д C0-seat Economy class layout,
Included in the basic aircraft as offered to the operator arg full airframe and engine anti- Another role suggested for icing; Smith's fight system in- the SC.7 is that of a flying show- clude autopilot; air condition
and re. pressunnon room. States Shorts: "One of the ing first seasons for business travel frigeration systems" presure 10- is to get to a potential customer fucking; engine water infection system; engine thrust reversCTE and comprehensive radio and navigational equipment.
COMMODITY PRICES
RUBBER
NEW YORK
futures Rex rubber
at 32%. The current month for prices, all in cents per b
-month
Copper pot
3-munit
100
*LOT
LIVERPOOL
32.60
22.00
The basic operational weight of the Avro 771 is just over 29.000 tb. and the maximum payload is 12,000, 16. Maximum fuel capacity is 10,000 15, (2,000 gail) and the maximum range of the arcraft is 1,700, mautical miles.
The Avro 771, A.V. Ros bé- lieves, will offer operators an inexpensive aircraft with nil the latest standards of lot age speed and comfort giving maximum economy for an aircraft in ta
Closing prices all, is pence per class.
LONDON
Doc.
1
Closing prices, all in sterling
Mar.
May
#2
per long ton
July
Duyses Sellers,
5315
Tin Apot
*12
Kennecol Copper
13
101%
81
done for October shipment at
223
to
Liggett & Myers Tob, Co.
*
32% and one sheets were done
22434
{b.;
Lily Tuip Ltion ind.
60%
closing Zine 2nd halt
American Contract
-
Out.
22 No. 1 ras was quoted at 34
Nov
34.25
JAD.
074
Oct.
2.80
rit cente
11:285
Load 2nd halt
Doc.
get.
32.30
Jun.
MAY
23% 3432
In London the rubber market was steady with spot quoted at 129-1/16 No. 1 rm spot 28% 20%.
-UPI,
**30
July
30.10
UPI.
July
23.42
WOR
31.70
Mixed Contruct
LONDON
21.35
Closing prices
all in pence
Dee.
$871-20
Mar May
23.75
23.75
Oot./Dec.
2016-28%
-UPI.
Jan./Mec
2014-2832
Apr/June
Jury/Sept.
By Order of the Board,
LAU CHAN KWOK,
Managing Director. Kong, 29th Aug, 1960.
the Company held by each Hong such shareholder and not or income, and that such
shares shall rank for divi.
dend as from the 1st day
of January, 1961 (but not
No 48 to entitle them to
participate in any dividend
declared in respect of the
Loews Incorp. ...... Lone Star Cement Co. Lowenstein & Son McDermott 3. May MeDon 11 Aircraft Most ron Corp. Milon Development
Nations Coat. Reg. "A" National Dairy Prod. National Load
Mantzomer Ward...
proportionately amongst | New York Central
Noranda Bin
Lad
those members who would North Amer. Aviation otherwise be entitled to Northwest Airlines (Com.)
Okiahama Nat. Gas such Zractions and
in Otis Elevatore
Owen-linol Gleas satisfaction thereo!”
Oxford Paper Co.. Feelfie Cam & King, Pan American Airways" Peremount Picturie
AND NOTICE 19 ALSO
Procter & Gamlin Co.
year ending 31st Decem- GIVEN that the Shure Regis-oilip Morris bor, 1960), and that no ter of the Company will be riumy Bowes fractional certificates shall closed from Monday, the Brd publicar. Industria be issued, but that shares to Saturday, the 15th October, pure on ********
fractions 1900, both days Inclusive. representing
shall be allotted to a trux-
tee to the nominated by
the Directors upon trust
for sale on such conditions
as they consider expedient,
By: Order of the Board
and "the" net" proceeds of Hong sale shall be distributed
of Directors, LAU CHAN KWOK.........
Pulimen ****
Radio Corporation
republio bal Teynolds Tobacco nyi Dank of Camde Boya Dutta Fawry, Lontrac Bhail on C0; *
Managing Director. En Kong, 29th Aug, 1000, ac pers
Bank increases capital
The Chartered Bank's hood office in Ikidon has announced that the authorised capital of the bank was raised yesterd to $5,000,000 by capitalising $500,000 out of the Roseive Funds
anasuoreencut
per ibu
No. 1 spot i.. Belenens home term
General markow, cif bass, ports:
NOV
state creDR,
thum Det
thick Oct.
2012
-UPL
METALS
NEW YORK Closing prices, all in cents furor
Ladi. Det. stated that nubecquently the per 16.3 kg directing restored 2,000,000 to the Reserve Fund by £2,00- serring arimlar sum from He
cave for Contingebeles Account.
Copper Ost
COTTON
NEW YORK
Closing prices all in cents per lbi
b.
Spol
Dea.
Mar.
31.40
22.03
FOREIGN ENCHANGE
LONDON Closing rates:
New York
Montreal
NEW ORLEANS'
Closing prices all in conte per anruft
Amsterdam
Copening
Iton
29.75
31.34
Pat's
J
tockholm
Fast outboard runabout
LA 13 ft. runabout powered
by a Perkins 33 K.p. out-- board motor reached near- ly 30 m.p.h. ⠀⠀with
in
standard propeller recent trials by the firm's tere unit, ....
With this motor, the craft attained speed of 29.7, 28.3 and 26.9 mph. with one, two and four adults aboard. Slight fly higher, speeds were obtained "when" - two binde 10 in dies motor x 10 in. pitch propeller wad saędł.
-- Using the Parkins G. hp; cute. |board, the punabout achieved appede of 9.8), 7.2. and· 6. m.ph. Wib. de Iphp.. motor, odká abadidiary propellers
and 18. th.panija zaen (ruentad vita, two suế (four, adulte d the bout.