14
Money and Markets
RAUB GOLD MINING CANTON TRADE-
COMPANY.
A SUCCESSFUL YEAR.
· CHAIRMAN'S SPEECH AT ANNUAL MEETING.
*
NOTES.
HONG KONG DAILY PRESS, WEDNESDAY, AUGUST 20, 1930.
JAVA SUGAR.
COLLAPSE OF THE INDUSTRY
THREATENED.
The position of the sugar indus try was discussed at the meeting of the People's Council, in Batavia last week.
One member stated that the out. Due to healthy demand, prices of Chinese fertilizer have gone up. look was very gloomy. There were a The current quotations vary from million tons of sugar in the $7 to $9.30.
godowns of the Dutch Indies, while Very large quantities of food-China was incapable of buying stuffs have recently been imported anything on account of the silver into the city from the North. Last week, they included 21.000 bags of slump. conditions in India were four, 379 bags of small beans and 4,400 bags of groundnuts.
1.
The following are the Chairman's remarks on moving the adoption of the balance sheet and the Direc- tors' report at the 38th geueral meeting of the Raub Australian Due to the high exchange, mer- Gold Mining Co., Ltd., which was chants have been for the past few held at Brisbane on July 21. The months reluctant to place large or Chairman said: In moving the ders for foreign piece goods. As the adoption of the balance sheet and gold exchange has dropped a little report for the year to March 31. lower and aa autumn is approach- 1930, it gives me pleasure to submiting, merchants are now placing results that are so satisfactory. It large orders for thin woollens and will be seen from the Rcounts autumn cloths. before you that a nett profit_of "£41,608 has been BRTHER. The The cotton yarn market has been strength of the finances justified fairly active during the past few the board in declaring an interim days, as demand by merchants in dividend of one shilling and six-the West River districts is rather also penca (1/8d.) per share on Decem- brisk, while "wholesales are ber 19, 1999, and a further interim Large Prices have consequently dividend of one shilling. (17-) per risen by about $1 per bale. Accord- share on March 23, 1950, representing to a Shanghai telegram, the ing together a sum of £25,000. On quotations there are steady. the determination of the profits for
*
The industry
the complete 12 months, the board As the result of the rise in the
further! decided to distribute
prices of foreign piece goods caus dividend of one shilling and sixed by the exchange, the weaving pence (1/6d.) per share as a final industry in Canton has revived and dividend out of the profits for the over thirty more factories bare financial year. This final dividend
opened this year.. paid in June last raised the total was at its best during 1918 when distribution" to £40,000.
there were over 170 factories in the city with some 3,200 workers, but it has been on the decline during the past years "and many workers wore thrown out of work, in con-
This has been accomplished with out, weakening the strength of the financial position. The liquid funds in hand at the commencement of the financial year totalled £66,458, while at the close of the year they sequence. :"
sum of
amounted to 208,452, a £40,000 having been distributed in the meantime to the shareholders.
It is a matter of gratifcation to record the fact that the market price of the investments- exceeds the cost price at which they are reflected in the balance sheet, and they are readily negotiable. Tak- ing advantage of the favourable rate of exchange and the higher yield derived from gilt edged securities, the board transferred a sum of about $24,000 to Australia. from Singapore, u course which was. deemed of advantage to the com- pany.
Reserve Funds,
The conservation of reserve funds has been the determined policy of the board, and the wisdom of this course will be evident in the benefits which it is firmly believed will accrue. At the same time, I should like to point out that a vigorous policy of development of the mine has been pursued. As a result of the capital expenditure which has been disbursed in that respect, and in improving and supplementing the plant and machinery, the pro- spects for continged profitable work- "ing of the mine are brighter now than for many years past. It might perhaps be thought by some share holders that farger tonnage output should be attempted. Careful con- aideration of this subject had con- vinced the board that the time' was not yet opportune, but acceleration would be hastened as BOON 219 developinent revealed the definite of large quantities of presence payable ore to justify the greater expenses which would be involved.
The accounts for the year re- vealed that the revenue from Gold had been supplemented by satis. factory earnings from invested funds, and from the sale of elec. tricity generated at the Company's Power Station.
EXCHANGE RATES.
[BRITISH WIRELESS SERVICE)
unsettled and large stocks of sugar were held in Cuba. It was possible that the industry would collapse altogether, and the whole popula- tion of the Dutch Indies would be seriously affected.
ADVICE FOR INVESTORS...
READERS are reminded
that inquiries relating
market
DAILY SHARE QUOTATIONS
HONG KONG STOCK EXCHANGE.
SHAREBROKERS!
-ASSOCIATION.
Buyers Baller Bales Nominal
TUESDAY. AUGUST 19.
| Buy Sellers
#
F
Banks
#161 Chartered Banks...
S&F
FOREIGN
MAILS
RADIO 'NOTICE.
Individuals and Arms are recommended to register their tale graphic address at the Radio Office. No charge is made for this.
INWARD MAILS.
FROM
$1,450
HR. Banks
| 31,450
2103
Do. (London) |
£17
SHANGHAI
141
**
Mercantile B
“A”
Do.
£96 £121
• HANGHAI Snd Swarow
100
SHANGHAI and Axor
1171
*131
Bank of East Asia...i
$115
Amor
Insurance
Lesson Parcels (17th July) and Starts
Eurora via Nebaratan" (Letters an
Papers (London, 24th July)
$9.45
Canton Insuran 00s.... Underwriters
M
$940
JAPAN and BELOSAI
$2.45 $9.60
CALCUTTA and STRAITS
***
T160
JAPAN
580
North Chinas.........................
Union Insurances ...) $139
M.450 Yangtze Insurances China Fires
www
$400 H.K. Fires***.***. 1965
T.160 $140
--
$437
2400 2970
Shipping
$26 #243
Douglases
3201
$225
Steamboats
$25
$13
Indos (pref.)surenzini
$13
$10
Do. def.)
940
95/7
Shell Transports.
93/7
$32
831
Water-bours'
Mining
Benquets
*678
Kailans
T.8
are
11.30 T.81
to the share answered on page 12 every Tuesday by "Kufan." " Lét- ters should be sent to this office, and must be accom- panied by the coupon appear- ing below, bearing the writ- er's name and address, not for publication. Letters should be addressed to "Kufan," care of the Editor, "Hong Kong Daily Press,"
$5
$165, $5.10 34- $39
2.117
T.250
New Engineerings
111111:
USA Horotulu, Japan and Snaro-1
mät (San Francisco, 25th July) AMOI *
194
U.S.A., HONOLULU, JAPAN and STAKEHAI
(ban Francisco, ist Aug.) Japax and SHANGHAI
144
CANADA, U.8. A., Honolulu, JapaN and Į SEANGHAI (Vancouver, B.O., 7th Aug.)}
PEE
Kidderpore Boochow
20th Aug. 21st Aug.
Sinktang 14 Talamba
Patroclus
Hakons Maru
ist Aug. 18 Aug
Sixt
Ang
2nd 407-
Kama Maru
22nd Aug.
Shirala
***
23rd Aug.
Ghuyo Maru
23rd Aug.
23rd Ang,
*4th Ang
Pren, Ciaveland... Angers
25th Aug.
26th Aug.
Emp, et Canado...
27th Ang
Pres. Polk Thisalak,...
OUTWARD MAILS.
REGISTERED and PARCEL MAILS are closed 15 minutes earlier than the time given below unless otherwise stated, and where mails are advertised to close at or before 9 a.m. registered and parcel mails are closed at 5 p.m. on the previous day.
For
Pxx
DATE and TIME
T1440
$7.40
TT
+44
T.8
145
$23
31/
Swatow
***
Ard
$160
$3.10
***
$39
7.115
Sta its....
Saigon
T
Formor...
tor
$107
"KUFAN" COUPON.
$80
$76
$14
Do,
1.187
righta Shanghai Lunds ...
$15
<
$9.40 316
***
$87
H.K. Realty's S Humphreys.*.** $16.40 315.70 Chinese Estates...
+
Ootton Mills
T11.90
1.9
T80 S'hai. Cottons...
Zoong Sings
1.80
T9.30
:::
Swatow
Langkata (comb)
Do. (single) Explorations..... Shanghai Loans RaubsOVIES Tronch Mines
Docks, WharVOS, Godowns, etc.
H.K. & K. Wharts..... Providents.....
H.K. Docks
Shanghai Docks
Hongkewa.
Lands, Hotels, and
Buildings
H&S. Hotels *** $10,60) $10.70) 10.55/./60 HK Lands cum. $79
Do., ex rights $79
Shanghal, Japan, Canada, U.S.A,, C. and
5. America and *EUROPE via Van: onaver, B.C.due Vancouver, B.O., { 6th Sept, and Bumpe via Siberis... Гарад
Fort Bayard.
Amoy
Shanghai, Japan, Honolula, Ü.8.A..
Canada, Central and South America,.[ *nd *EUROPE via San Francisco- dus San Francisco, 11th Sept, and „*EUROPE via Siberia y
Roihaw, Pakhoi and Haiphong
Straits
Naura and Ocean Jaland Baigon...
Manila, Australia and New Zealand via Thursday Taland dae Thursday leland, 2nd Sept.
PH
Wei Hai Wei via Swatow and Foochow Swatow, Amoy and Foocho.
Shanghai, Japan and EUROPE via Siberis Tourane
Straita, Ceylon. India, Mauritius. E. and,
9.15 A
Chaksang ..
Wednesday, 20th,
.8.80
Empress of Axid"
Heg. Letters 10.00 a m
9.30 A M
9.80
M
Tango Maru
Тиірсовей
Honolulu Maru
Haldis
***
Takai Maru Trinan
330
=
4.30m
5.00 e
5,00 M
Reg. 5.00
Lettere 8.30
Tatenta Maru...Thursday, 31st,
Merado Maru Dardanus
Hydrangea Apocy
Shun Okih
Ohangts
Iriabank... Buichow
ren
Haiching...
Hakone karu
Chung Song
Thursday, 21st,
830 AM-
2,50
9.00
8 30
480 P M
5.00 r
Parcela Box. 22nd 9.45 & Letter 1030A L
Friday,
22ad, 10.00 AM 10.00 & X 100xx 3.30
5.00 P
Kowloom P.O Beg.
4.30 X
8. Africa, Egypt and EUROPE is Kama Mara ... Let 23rd, 8.00 Marseilles-due Marseilles, 22nd Sept.
Swatow, Amor and Formoss...
Bangkok via Swatów...
Sandakan
Hozan Mars Kwangohowi
Maurang...
Namang
i |
G.P.O.
Reg. 23rd,8.45 A
Letters. 9.30 ·
Saturday, 23rd,
8.30 X 9.45 AM
'Beg...
Letters. 10.80
5.00 ₪ 5.00
Sunday, 14th,
9.00 AM
9.00 **
Stesits
Ruger, August, 18,
Name
Paris New York Brussels Geneva
193.86
4.973.
31.83
94.045
Address
!
TIL.85
T.19
Amsterdam
12:091
Milan
92.98
Berlin
20.30
Stockholm
18.195
Copenhagen
IB.165
Oslo
18.17
318.40 $18.6
Vienna
34.46
Prague
1044
Nom de plume
812
$0.15
Do.
Helsingfors
193)
$85
Madrid
45.55
323.40 $234 24/23. 60
Star Ferries........
3:0
108.25
375
H.D.P.1]
$77
$771
823
818
4 31/32
$112
Sandakan Lights.
Buenos Aires
$32
Telephones (fully pd.)
41
1/54
$214
1/03
10/-
Do. (part pd.) 4212 China Buses enquan Tractions..................
6/9
1/3 11/10
HEALTH BULLETIN OF
18/8
"Do.
(pre£).
444
Haibow, Pathol and Haiphong Japan, Canada, U.S.AC.and S. America) and EUROPE cia Victoria, B.0 dae Victoris, B.O., 16th September.... Amgy
Chongtw Protesilaus
Manis
Anhui "Pres. Polk
Lisbon
Athens Bucharest
Rio.
Bombay Shanghai Hong Kong
Yokohama..... Silver, spot & forward
2/0 11/32 16 13/16
Grave consideration has constant- ly been given to the expediency or otherwise of proceedings with the tin and rubber propositions which The dė. were being considered. pressed state of the rubber market and the tin market convinced the board that it was prudent to con centrate on the mining operations rather than utilise funds for these two purposes.
In conclusion, I should like to asaare the shareholders that the directors will endeavour to produce at the close of the present year a statement which will be considered quite as satisfactory as the balance sheet before you, and that is op portunity offers, funds may be dis tributed to shareholders in the form of dividend.
EASTERN PORTS.
The following is the health bulle- tin of Eastern ports, issued by the Director of Medical and Sanitary Services, for the week August 9-
Alexandria Baghdad..... Rangoon Bangkok .Pnom Penh
Public Utilities
Tramways
Peak Trams (old)...$1
(new)...$t 882 Lights (old)...... $25
Do. (new)...... HK. Electrics ................. Macilo 30.
18:50/. 55
$23.65 $2160
9198
$76
Industrials
T.10% Caldbeck, om).
Ti0.40 Macgregors pref.)
Canton Ices ********* Cements (comb.)... $17.40 817.80 $12 Da • (old)...{
China Sugars..
Dairy Farma.......... $24
HNUHUg!
32. 10.
$17 $17.90
ended
Do.
"(now)...
$10.60
$10 $104
Ropes
$10.70
10.80/190
Straits and Caloutta
$1
M+
Flagde,
$37
Malabon Sugars. ***
829
Monday, 25th
10.80 M Parcels NOOD Letters 1.00 PM
Tuesday, 26th,
Cases. Death
5
United Asbestos ...
Batavia....
2
1
watow, Amoy sud Foccbow.
Tjisalak Hoang
3
Miscellaneous
$24.30
$1
324+
Der A. Wings..........................
Beirut
$26
Amusementa
$29
$10
Chin. Entertainm'ts.
310
Cholera.
Bombay
$1.90 $3
Constructions ------
$1.80
Saigon, Straits, Caylow, India, Mauritius,;
East and South Afrion, Ada, Egypt and EUROPE via Marseilles -dua Marseilles, 27th September
Manila
Angers
10:30 AM
100 Kowloon P. OF Reg. 100
1,00 PM .Letters
G.P.O.
1.45 Reg.
Frea. Oloveland
Lane Crawfords
83
Calcutta
10.
Manila" Cabu Iloilo
$182
84
Swator...
4
812
Japan, Honolulu
19
18
$12
San Francisco and】 #South American Ports
Pnom Penh
3
Saigon
$2.85
62.
122
Manila
& moy
$108
Small-pox.
Bombay
Calcutta
Cochin
Madras
Penang
Btraits, Caylon, India, Maaritius, East
and Bouth Africa, Aden, Egypt an1·{| Kashmir BUROPE Tin Warles-ane Mar: seilies, 27th September
Superscribed correspondence only.
5.00
Friday. 29th
Kowloon P.O. Parcels
4.30
Beg 30th,9,00 Lettore 10.00AM G.P.O.
Par 29th, 5.00 paˆ |Beg „30th,8.45 a M
Letters 10,80 ▲ N
Kwaisang... Gingo Mara Emp of Canada... Тазучая
Letters 29.30 #
4.30 P
Wednesday, 27th
8.30 AM
10.30 AM
8:30
AMERICAN STOCK QUOTATIONS.
LATEST WALL STREET PRICES.
The following quotations have been received from their cor- respondents,Messrs. Hayden, Stone & Co., of New York, by Messrs. Bwan, Culbertson & Fritz, Sassoon House," Shanghai, (cable address: "Swanstock," Shanghai), "who are not responsible. for cable mutilations:-
Tone of Market-Irregular. New York, August 18, 1920." No. of Shares Done.-1,250,000.
Batavia Palembang Saigon
Watsons.....SMA
Wm. Powella.
Mackintoshsversa
Nanyang Tobacco.....
$11 Sinceres ..........................
B. Ind. Q.8 Bonda... prem. B.K. Gort Loans...
LOCAL AND REGULAR OUTWARD MAILS,
FOR
WEEK DAYS.
SUNDAYS & HOLIDAYS
Fxox G.P.O.
Fook SARUNGWAN BRANON PO.
FSOM M... SIEUNGWA
BRANCH
P.O.
(7.15 am, & Į 000 paa,
7.30 s.k. -
17.00 punts
FROM G.P.O,
(7.16 simì, & $6.00 p.m. Banday
6 p.m. only
(7.30 am, &
7.00 p.m.
Busdays
7.00 p.m.
only
$7.26 0.04)-(7,80 mm, &':
1.15 pm
“Sundays 8.15 i
Call Money-21 per cent.
Last Dividend.
Latest
Canton
Sales.
Eric Railroad.......
'American Smelting Anaconda Copper... Baltimore and Ohio Borg Warner Continental Of
City Service Common
Eastman Kodak...... ...Electric Bond and Share
General Motora
FILL YOUR FOUNTAIN PEN
8.50
2
None
and write a Chit to 11 Ice House Street
·Macao & Teinzban
7.15 am.7.30. 1.15 p.. 11.80 p.m.
200, A
only
Curtis Wright Common
Nope
BB'
BEFORE YOU SAIL
Kongmoon (except Saturdays) 5.00p.m. Kaukong (except Saturdays);
6.00 p., 5.0) p.
5.00 p.m.
None.
30.
General Railway Signal Gold Dost
UBq.
30
Granby Consolidated
Goodyear Tire and Rubber
01
and order the Weekly Preat to be sent to
Fatahan (By Train). Tai O
Tai Po
Uog.
you Overseas. It costs
Shumchun
International Cement
International Nickel
broncgomery W
Nevada Lonsolidated. Caend
Radio Corpo
Seara Rochuck & Co.... Simmons Co..
Standard Oil Co. of New Yo
Standard Oil of New Jersey.
Union Carbide and Carbon.
United States Rubber United States Steel
1.60
2.00
NoDe
$4 On FOR THREE MONTHS. $8.00 FOR SIX MONTHS. $16.00 FOR A YEAR.
7.16 am.
3.00 a 9.00 am 13.00 piz
9.00 & $8.00 2.m 71230 pm:
4.30p
•Habrandays
Choungchow
9.30
"Aberdeen
Stanley
1.00 pm
Autau, Pingehen, Baat
Shatin, Sastankok
8.00 pm
Bheungshui
Saikung
4.80 p.m.
Namtau, Ebekki, ✯ Taiping
7.00 ..
(Fundan) eis:
7.15 a.m. 9,00 m
9.00 Bulle
5.11.00
AEL.
&4.80 p.m.
8,30
1,00, pal
10.30
4.80 p.m.
1,30 nm. Bündava 8.30) .70. Lonly
€2.00 pm. 6.00 F
700
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