12
Money and
Markets
AUSTRALIA'S TRADE CANTON'S SILVER
WITH EAST.
PROPOSED EXTENSION.
FREIGHT REDUCTION
SOUGHT."
of East
incronso Proposals for an Australia's trade with the were considered at summoned by the. Markets (Mr. Parker. Moloney) in Sydney last month. Representa tives of shipping, producing, and distributing organisations present.
CURRENCY.
HONG KONG DAILY PRESS. FRIDAY, SEPTEMBER 19, 1930.
CURIOS TO AMERICA. DAILY SHARE QUOTATIONS
NEW IMPORT REGULATIONS
The US Treasury Department has recently drawn up new regula tions relating to the import, free
.HONG KONG STOCK
EXCHANGE.
SHAREBROKERS' ASSOCIATION,
Jayer's
· Baldo „Nominal)
THURSDAY.
SEPT. 18.
Buyers Ballers
Eales Noulial
Banks
of duty, of certain works of art and antiquities. The American Consul-$1,595 $1,633
WORN OR DEFACED COINS General sends us the following de-
REFUSED.
[rio QUR OWN. CORRESPONDENT.
CANTON, Sept. 18. Canton is having difficulty with à conference the circulation of its silver cur Minister for
rency, and the merchants are refus ing to accept even the new issue showing the slightest defacement or Only wear through circulation. brand new coins minted in the 18th yeat of the Republic are being accepted.
were
A reduction in freights between Australia and Eastern ports was discussed.
Mr. Moloney presided, and the Assistant Minister for Customs (Mr. Forde) was vice-chairman, The following delegates were pre sent:--
Overseas Marketing Boards. Canned Fruits Control Board (Mr. A. W. Fairley) Wine Overseas Marketing Board (Mr. Leo Bur ing), Dairy Produce Control Board (Messrs. C. H. Fraser, C. E. D: Meares, C. H. Jamieson, and P. J. f. Holdenson).
Old coins have long been refused Canton, although they are ac cepted in preference to the new coins in outlying districts,
This refusal to accept anything but the newest coins is constantly creating friction between sellers and buyers.
£200,000,000 OIL
SCHEME.
tails of the revised regulations ---
The Treasury Department of the ha's Government United States made an announcement of new re- gulations concerning the shipment of antiquities which will be of great interest to many shippers
Detail of Exceptions. Paragraph No. 1811 of the Tariff Act of 1930 provides for free entry of works of art, except rugs and carpets made after the year 1700, collections in illustration of the arts, works in 'progress of the bronze, marble, terra cotta, pariac. pottery, or porcelain, artistic anti- quities, and objects of art of orna- mental character or educational value which shall have been pro duced prior to the year 1300 subject to such regulations as to proof of antiquity as the Secretary of the Treasury may prescribe. The Act also provides that if any such arti cle, when imported for purposes of sale, is rejected as unauthentic in respect to the antiquity claimed as a basis of free entry, a duty of 95 per cent of the valus of such article will be payable in addition to other duty imposed by law upon sach article.
8110
$1,000'
$2.80
1,160 $150
$400
81,000
*****
HATI
H.K. Banks $1,525
Do. (London).....
£107
318 | Chartered Hanks..... 2261 Mercantile Bks. "A" £124
VAN
ELT £98
Do.
2121
$116
Bank of East Asia....
Insurances
****** $280
***'
Canton Insurancos.. $1,000 Underwriters
North Chinas.........
Union Insurances ... $454
M.880 Yangtaza Insurances
FOREIGN MAILS
RADIO NOTICE.
Individuals and Arms are recommended to register their telo- graphic address at the Radio Ofice. No charge is made for this.
INWARD MAILS,
FROM
PER
JAPAN, SHINGHA and EUROPE via)
SIRIA (London, 30th Aug.)... SHANGHAI and Swarow
U.S.A, HoroLULU, JAPAN and SRANG-|
BAI (San Francisco, and August) •-•]
ANOT*****
...Kashima Maru Sunning
19th Sept.
30th Sept
EUROFK IS NEGAPATAN (Papers only
London Slat August)
Fushimi Haru
20th Sapt.
Pres. Harrison,
20th Sept.
MANKA
Pres. Jackson5,
91st Sept.
· Tjikembang.......
91st Sept.
$80
44
Chipa Fires || $400 H.K. Fires...
JAPAN
Atrwa Maru
Stud Sept.
$2,000
U.S.A., HONOLULU, JAPAN RED SHAKOMAI
(San Francisco, 29th Aug.) STRAITS
Prii. Taft
Lind Sept.
Nagpore
144
24th Sept.
CANADA, UB.A., HONOLULU, JAPAN and Į SHANGHAI VANCOUver, BC, 4th Sept.)] AUSTRALIA and Maxima
Ep. of Japan
sith Sept
Nellore
5th Oct.
640 *8/3 31
Shipping
sest 8251
Douglases
Steamboats
$10
Indos (prof)
$35
Do. (def.)
DON
Shell Tranports ...
Fater-bout
61
T1.30 *T.0
$232
$21
1.285
$169
$35
***
In the absence of authority from the Department, no article claimed to be free of duty under paragraph WORLD ORGANISATION. 1511 as an artistic antiquity and found upon examination to be un- The Sinclair Consolidated Oil authentic with respect to the anti- Corporation of New York has call-quity claimed as the basis for free ed a meeting for September 17 to entry, shall be released until the provide the corporate frame-work additional duty of 25 per cent. for a world-wide organisation with provided in Section 49 shall have total assets exceeding £200,000,000, been deposited. All petitions for $11.15 $135
relief from the payment of the 25 per cent. additional duty on the ground that the article was not im- ported for sale, together with the evidence in support thereof (which shall include an affidavit of the in- porter) shall be submitted to the Department for instructions.
The
Government Bodies, Committee of Direction of Fruit Marketing, Queensland (Afr. W. Ranger), Commonwealth Railways (Mr. Harding, publicity of cer). State Rivers and Water Sup ply Commission, Victoria (Mr. W Cattanach, chairman), Agricultural Bureau, Tasmania Mr. R. W. Winspear), Government Produce Department (Mr. G. A. W. Pope), Water Conservation and Irrigation Commission, N.S.W. (Messrs. A. E. Lewis and G. J. Evatt), Director The shareholders, will be asked to of Marketing, N.S.W. (Mr. A. Anuthorise the issue of five million Watson), Dried Fruit Board, N.S.W. (M. G. -A, (Tty).
corporation already has 14,000,000 unused shares of common stock awaiting expansion in connec tion with Sinclair's plan for the creation of the world's largest inde pendent petroleum concern.
new shares of Preference stock for "effecting the consolidations and mergers, for refunding bond issues, and for the retirement of the pre serit Preferred stock," and also to agree to the sale of half the Cor- poration's interest in two
Chamber of Commerce. Associated Chambers, Messrs. J. O. Meeks, G. C. Boehme, and E. T Martin (Sydney), W. Ranger,
E. Forth (Brisbane), J. Qpanies to the Standard Oil Comton, Meaks (Adelaide), G. C. Boehme (Hobart),
New
Chambers of Manufacture,
South Wales (Mr.
C.
Forts of Entry,
$781 $744 $13+
$14
T.305
$1B
144
T12
19
32/3
Mining
Bengueta..
Kailans
####
#44411
Langkata (comb).
Do. (angle)
26,9 T14.40 $7.40
Explorations.. itaquar
*T.1
Shanghai Loans...
T6
Raubs
Tronoh Mines
14,6
Docks, WharveŻ,
Godowns, etc..
$169
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
Eotor. Pahoi and Esiphong
Manila and Farcela only for Germany vis}
Hai Ning
PER
DATS and TIME
Friday, 19th,
Menado Maru
8.30 AM
"Dorflinger
Hamburg
Swatow, Amoy and Fooohow.
Fort Rayard
Taipoosak
Shangbai
Antenor
$37
Stogen
saigon 4
T.116
Straits, Ceyla, India, Mauritius, East and
Bog
4.50 P
South Africa, Aden, Egypt and EUROPE via Marseilles-dae Mar sailles, 19th October"...
Kashima Marua
Let, 29th, 9,00 AM -
G.P.Q..
Reg. 8 45 1. M Letters
9,90 A
Providents fold)... $6.30 $3.10
HK & K Wharfa...
Do. 1 (new) ...|
FK Docks
1.117 Shanghai Docks...
17.30 New Engineerings
+
Hongkewa
Lands, Hotels, and
Buildings
H.K. & S. Hotels
Bay
H.K. Lands· cùm. r
ex rights $75!
811.201
$79
131/3
rights $:33
Shanghai Lands
$9
memi
!!!
The following ports have been designated as ports of entry for all articles enumerated in. Paragraph No. 1811 which may be classed as comfurniture:-New York, N.Y., Bos-
Maza, Philadelphia, Pa, #18.10 pany of Indians for cash considera- Baltimore, Md., New Orleans, La., $13.60
881 tions amounting to 72,500,000dels. | San
Seattle, Francisco Calit, (£14,500,000).
Wash, and Los Angeles, Calif.
Such furniture may not be enter- $24.00 54 $23.15 ed, examined or appraised at any
$75,60 other port, but may be entered at any port for immediate transporta- tion in boid to a port of entry for antique furniture.
It is understood that the Pre- ference shares will be chiefly used, together with cash and Ordinary Ludowici), Victoria (Mr. B. 8 shares, for the acquisition of com Sanderson).
paties and properties under the gigantic scheme of expansion now contemplated by the Sinclair Cor poration.
Other Organisations. Consul-General for Japan (Mr. Kojiro Isue), Vic Consul Japan (Mr. Juki Sato), Consul- Ceneral for China (Mr. F. T
for
Bung), Trade Commissioner for trade. Australian expertera, how China (Mr. Homer T. Sung), Norever, were handicapped by high thern Collieries' Association (Mr. freights; and he suggested that the C. F. Mallett), Federal Council cf shipping companies would be able Flour Millowners of Australia (Mr. to reduce the fares if the shippers A. Sutherland), Graziers' Associa
would combine to provide larger tion of N.S.W. (Messra F. H. cargoes at regular intervals. He Tout and E. T. Martin), United expressed the hope that, by a free Graziers' Association (Mr. A. J. B. interchange of views on the part McMaster), Australia. Pig indus
of those attending on behalf of the try Council (Mr. CH. Frazer), various interests represented, the New South Wales. Ment Exporters difficulties associated with an ex Association (Hr. F. J. Walker), tension of Australian trade with Australian Woolgrosera Council the East would be minimised, if (Mr. F. I. Tout), Victorian Fruit not entirely removed. Marketing Association (Mr. J. B. Nullis), New South Wales Egg Marketing Board (Messrs. A. G. Crooke and J. W. Hall), Fruit Rrowers' Federation at New South Wates (Mr. E. E. Harrod), Federal Citrus Council of Australia (Mr. H. G. Such), Gippsland and Nor thern Co., Ltd.. Melbourne (Mr. A. W. Wilson), Prdousers Co-opera- tive Distributing Society Ltd. Sydney (Messrs. J. W. Blick and E. D. Meares), Master Farmers' Association, Sydney (Mr. R. J. Anderson).
wore
Definition of
Faritura."
For the purpose of these regula- tions furniture" is defined as movable articles of convenience or decoration, designed for use in house, apartment, furnishing a place of business or of accommoda tion."
$193
FRLS
-193
$87
Do,
H.K. Healtys ...........................
Humphreys
Chinese Estates
Gotton Milla
Ewos
T11.60 T11.90
1.82
S'hai Cottons...
1.10
Zoong Sing
#!
Public Utilities
Tramways........................) $18.15
Peak Trams (old)...
Do. (new).
:::
܃ ܊ ܃ ܊ ܐ
Straits
Foochow...
Canfa Luchowo
12.30 PM 2.00 PM 2.30: r
8.50 M
6.00 3
Kowloon P.O.
Changhai, Japan sad EUROPE via Biberia Fushimi Mars Foodbow ris Swatow ....
Saturday, 9th,
2,30 M
8.30
-837 x
5.00 +
5.00 P
3.00, M
Ckmomoshing
Pres. Harrison
315.45
Manila..
Kuangtung
Amoy
Sunday,
21
Bangkok vis Swatow ...
Kwangchora
·9,00
Swakow, Anny sad Formosa
Hoina Mar
9.00 AM
T.82)
1:10
Shanghai, Japan, Honolula, „0.8.A...”
*Canada, Central and South America,
Pro, Jackson
-
***
and *EUROPE via San Francisco- dne San Francisco, 15th Oct., and
EDEOPE Tia Siberia
Manila, Australia and New Zealand vis dus Thursday Thursday Taland lelaad, 4th October
Manila, "Australia and New Zealand via Thursday Island-due Thenday Is land, 6th October
Hollow, Pakhoi and Haiphong
Taiping
Auta Maru
5.00
Monday, 22nd;
Parcels 5.00 PM Beg. Tuesday, 23rd, Lotta 8.30 Par 22nd, 3.00 PM Reg. 23rd 9.15 M
Letters 10.30
Tuesday, A
Reg.
Gattere
8.
9.80 A.
$137
$67
Star Ferries
883
CLights (old).
$25.10
$95
Do (new)..
$201-
EK. Electrics
$781
$23
Macso do
#111
Sandakan Lights
$35
Telephones (fully pd.)
$222 221 T.191
$22
Do, (part pd.). $22
9.30 AM. 10.00 AM
China Buses *********
Batavia
Fractions a
6/0
19/.
Do. (pref.)......
Japan, Canada, USA
Swalow, Amoy and Foochow
1:00 PM
Central and
EUROPE vis
Fikswa Maru
Bed Letters
4.15 PM
5.00
Industrials
T.101 Caldbeck, "Y(ord.)
T10.40 Macgregors Š(pref.}}
H
10.85/.00
1.10
$3 This definition embraces $17.80 $17.901 most articles claimed to be free of duty s artistic antiquities and should any article be offered for $11.20 entry elsewhere than at one of the ports for the entry of antique furniture, on the ground that it is not furniture, the facts including a complete description of the article, should be reported to the Depart-
ment for instructions.
No claim for the free entry of any article undez Paragraph 1811 as an artistic antiquity shall be enter- tained unless such claim is made at the time of entry and any evidence as to the anitquity of any article not entered as an artistic antiquity shall be ignored in the appraise. ment of the merchandise and in the liquidation of the entry..
Contrary to general opinion, the Minister said. Australia already did a very substantial trade with countries in the East, comprising China, Japan, Hong Kong, the Netherlands, East Indies, British Malaya, Siam, Philippine Islands, India, and Ceylon. During the past three years the total value of trade between Australia and those countries amounted to more than For any further details or ex- £120,000,000. “Australia, daring planation of the above law and re- 4028-29, imported from the East gulations, it is advised that inter- goods valued at more than lested parties call at the American £21,730,000, Australia's exports Consulate-General.
valued at more than Shipping Companies. Burns, Philp, and Co., Ltd (Mr. 227,250,000 leaving a balance of H. Baker); Nippon Yusen Kaisha trade in Australia's favour of (Mr. J. B. Williams);, Australia approximately £8,500,000 in that Orient Line (Hr. L. S. Rowntree); year.
The principal exports. G. S, Yuill and Co., Ltd (Mr.
Eastern to Ly G. Bain); Japanese-Australian Australia Line (M. B. B. Wiltshire); Birt during 1928-29 were as follows:- and Co, Ltd, agents for Osaka Shosen Kaisha (Mr. E. Felton); P. and O. S.N. Co. (Mr. G. Richards); Gibbs, Bright, and Co., agents for Eastern and Australian 8.8. Co. (Mr. W. L. Nacholls); Hoyal Packet Navigation Co. (Mr. A J. Pronk); W. G. Deuchar and Co. (Mr. M. Larkin); E. and A. British India B.N.. Co. (Mr. M. Mackinnon).
EXCHANGE RATES.
(BRITISH WIRELESS SERVICE.]
from countries
Quantity Value. Wool, centals... 1,046,020 £8,809,306 Wheat, centals 20,841,750 8,749,173 Flour, ceatals. 3,457,178 3,830,050 880,443 109,975 Butter, centals Milk, dried, etc., centalsum
221,512 1,283.929 241,783 Meat, centals.....
Calo 14,378 Tallow, tons Leather ..... Fruit juices and
jams Biscuits The principal subjects set down for discussion were freights and
Soap shipping services, refrigerated ac
Timber Coal commodation, packing, grading, Branding and labelling, advertising (including film and broadcasting), From an examination of the ex- organisation of marketing, apport returns for the past three pointment of trade commissioners, years it was shown that Australia', reciprocal trade agreements, and trade position with Eastern coun- tourist traffic to Australia.
Minister's Speech.
In opening the conference, the Minister for Markets said that the East offered a great and favour able market for Australia, and the Government desired to do overy thing possible to increase export (Continued on next Oolumn)
RUGE, Sept. 17.)
123.72 4.88 1/32
34.80.
25.053
$26.70
$25
$2.10 $3.15
$19
***
81%
20
Canton Icea $2.6 $9.80 Cementi (comb.)... $17.70 $17.90)
Do
Do.
(aid)...
(new)....
Ворон
China Sugarasastet
Malabon Bagars
United Asbeston ...
Miscellaneous
Dairy Farms.
Der A. Wings.........| Amusements ... $254
$26.60
|$11.50)
Manila...
$29
Swatow, Amoy and Facchow
Btraite, Cylon, India, Mauritius, East and South Africa, Aden, Egypt and - EUROPE via Marseilles-dze Mar-
Beille, 25th October
$1
$10
Chin, Entertainm'ts. $10
Construction _ ******
Lane Crawfords
$2.05 #3
Mackintoshs
Nanyang Tobacco.
$4.
Sandahan
$11,60 Sinceres
8.11
$11.90 Watsons
312
$2.85 Wm. Powells me
prom. 8%
$106
B.. Ind. G.8 Bonds... 61% H.K. Govt Loans ...
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 Mesers. Swan, Culbertson & Fritz, Sassoon House, Shanghai,.. (cable address:" Swanstock," Shanghai), who are not responsible for cable mutilations:
Tone of Market-Steady.
No. of Shares, done.--1,250,000,
Call Morrey-21 per cent
American Smelting
Anaconda Copper
Baltimore and Ohio.
Continental Oil
Changtu Tikembang Haichiny...
Kashgar
Bintang
Wednesday, 24th,'
9.30 3.30 px 430.7 X
South America and
Victoria, B.C.-dus Victoris, B., 15th October ***
Shanghai and EUROPE via Siberia
Swatow Amoy
(Bag. 5.00 † ».
'Hikawa Maru... 1 ¡Letters 6.00 PW
Hopsong Taiguas... Empress of Japan
*Bmperscribed correspondance only.
Friday, 20th,
1,00 Kowloon P.O: [Parcels 4.30
Rex 27th,9.00 AM Letters 10.00
G.P.O.
Par. 18th, 5.00 PM... Beg,17th,9.45 a v Lettera 19.80
Monday, 29th,
10:30 AM
LOCAL AND REGULAR OUTWARD MAILS.
WEEK DAYS. SUNDAYS & HOLIDAYS
..FROM_N TRON Sheungwa G.P.0.
7.30 ..
(7.16 am) (7.30 am, &
8:00 P
7.00
Bundays Bunday
(6p.m. only | 7.00 push
only
(7:16 am, & ]. [1.30 am, &
1.15 p. Sundays. 8.15 am (inly
1.00 pull
8.30 m
Lonly
FROM G.P.0.
FROX SHEUNGWAN BRANCH P.O.
(7.15 m. 16.00p.m.
11.00 pan.
(7.15 am. &) 17.30 am
1.15 p...
11,30 p.m.
6.00 p.m.
0.00
1.10.0 27
7.15
9.00 m.
Kongmoon (except Saturdays) 6.00 p.zz.
Kanking (except Saturdays).
Paris New York Brusselt Geneva Amsterdam
NEW YORK, Sept. 17, 1830.
Last Dividend.
Latest
Sales.
eB
12.03
392,992
604,690 320,948
Milan Berlin -Stockholm
Copenmien
Vienna Prague
92.81
3.50
45
20.40
101
Macao & Tinshea
18.00
Borg Warner ...
18:18
Nona"
18.17
City Service Common
300, A
29
24.435
Curtis Wright Common
Nous
1631
Eastman Kodak
5B
216
76,715
Helsingfors
193
Electric Bond and Share
77,010
Madrid
.48.40
General Motors
30
Fateban (By Train):
68,675
Lisbon
108.95
General Railway Bigoal
Tai O
131,712
Athers
375
Gold Dust
€7,00€
Bucharest
815
Rio Buenos Aires
51/22
·401 41
Granby Consolidated
Goodyear Tire and Rubber.
International Nickel
1/01
1/75 1/3.0/18 2/0.13/32
trice had been well maintained, particularly in connection with wool, wheat, four, butter, and other milk products, and meat,
Montevideo Bombay Shanghai
Tokohama Hong Kong silver, apot & forward 102
The 14 Nagpore left Singapore-
The freight to Singapore, he added, was 130 a tou from Sydney, compared with 100 & ton from California,A ARIAN PAfor this port on the 18th instant at It was agreed by various speakers 6p. and is due here on the 24th that lower freights were neccesary ihatant
International Cement
Montgomery Ward
Radio Corpá
Radio Keith Orpheum Sears Roebuck & Co. Simmons Co.
Tai Po
Shumchan
Cheungchor
Aberdeen
0.00 a
(9,00 18.00 p.m.
19.00 am. &
18.00 P
12.80 p.m. 4.30 p Saturdays |1.00 pm & 14.30 p.m.
8:30
9,00 am.
ILO.
1100 m
& 4.30 pan
Nobe
None.
8.30 1.02.
2D-
Stanley...
1.00 p.
1.00 pa
3
Atau Tingshan," Bat
Standard Oil of New Jers Standard Oil Co. of New Yo Union Carbide and Carbon... United Aircraft and Transport.. Duited States · Rubber United States Steel
Shadi Shatankók
$8.00 pike.
10.30am
-180
Shengahul
2.00
Balkung
14.30 pun
480 Patte
None. None
Namtas, Shakki & Taiping
700,0
BRANCH P.O.
130 p.m. Bandy
0.00
Pan
8.00 p.m.
‚7,00 pat.
ד