HONG KONG DAILY PRESS
Finance and Commerce
COMMUNICATION | CHUNGKING HAS FIRST GERMAN
IN KWEIYANG
Network Of Roads
Planned
(From Our Own Correspondent)
KWETYANG, Jan 10 The following is a full translation of WI the speech made by Mr.
of Kwel- Ting-chang. Chairman chow Provincial Government, recently:-
It NOES without saying that the system of communication in
NEW BANK
MR. T. L SOONG THE MANAGER
(From Our Own Correspondent)
CHUNGKING, Jan. 4.- An
of event
outstanding interest to Anancial circles tock place this moming when the China Native Commodity Bank in Shens Kal was formally declared open ed in the presence of a large gathering of clals and merchants.
government om-
The inauguration ceremony was
35,000-TON |BATTLESHIP
FINANCE
H. K. STOCK
EXCHANGE
The parket opened quiet and remained so for the greater part of
SATURDAY, JANUARY 28,"1939.-PAGE 11
PUBLIC AUCTION PUBLIC AUCTION.
the week with quotations tending THE Undersigned have received THE Undersigned have receiveg
to give way. Towards the close, however, buyers became more ! evidence and absorbed a fair num- ber of shares in the popular cou- ters but at prices showing some loss on those quoted at the begin- BERLIN, Jan. 27 (T/Ocean)-ring of the week. Transocean is reliably informed that the first German 35,000-ton battleship which was built by the firm of Blohm and Voss in Ham- burg will be launched on February
14. The new ship which will be the largest in the German Navy is intended to form, together with two 26,000 ton battleships. Scharn- horst and Gnelsenau, the nucleus. of the German battle feet. The
the Province must be developed./performed by Dr. H.H. Kung. the two last named ships are already
been
Chairman of the Board of Direc
merchants and farmers.
in service.
In addition to the five trunk Haestors of the Bank, who urged the
The new vessel will be arined of motor roads that have
Bank to render service to the with eight 38 cm. and twelve 15 in service, ten more trunk lines community, and extend loans to ca. guns but further details re-
these are to be constructed, and
garding its armament are not yet (Szechuen- are. (1) Chưai Ten
Among those who attended the known. The new battleship, will Yunnan) Motor Road. (2) Hatag
Ceremony were Mr. Chang Chun. be 241 metres in length and 36 klang From Hsingjer. and Hsing the Director of the Generalis. metres broad and will have a yi to Kunming). Motor Road.
simo's Provincial Headquarters draught of 7.9 metres. (3) Antu (from Anlung to Lungin Chungking and many prominent
merchants and government om clals.
Ting-
chow Motor Road," (4). Yu-Sung from Yupin to Sungtao) Motor
(from Road, (5) Ting-Lo fan to Lotien Motor Road, (6) Tu-san from Tuyun to
Jung- klang), 7 Tsun Ping from Tsun-
yi to Machangping Motor Read.
8) Tsun-Sung (from Tsungy Sungtao Motor Roud. (9)
to
Hul
Jung from Sanhul to Jungkiang Motor Road, and (10) Tung-Chih
(from
Tunghsin
Motor Road.
to Hoklang)
of
After the completion Ines the centre and the
these
It was reported that the Bank has already received ΟΥΕΣ $3,000. 000 for safe deposit.
Mr. Soong Tze-liang. brother
The second 35,000-ton battle- ship is under construction at the naval shipbuilding yard in Wil- helmshaven.
HOTELS FOR
of Mr. T.V. Soong, is the zeneral BURMA-CHINA manager of the Bank.
REALTIES" TO PAY
DIVIDEND
ما
Subject to audit, the balance at four credit of Broft and Loss Accoun: borders of the Province of Kwet on December 31, 1938. including chow wil be connected. Those $62.766.48 brought forward from districts that are not
these the previous year, amounts on trunk lines will then be linked $156,855.88. which the Directors at the forthcoming Ordinary Yearly up by district branch lines.
It was projected that with Kwel- Meeting of Shareholders to be held yang as the centre, railways ought on Wednesday, March 8, will re-
ROAD
Six young Chinese engineers will arrive in London to-day to receive practical training in engineering works under the scheme of scholarships operated by the Federation of British Industries. according to the "Times of Jan- uary 18. They will be welcomed by Lieutenant-General Bir George Macdonogh, chairman of the FBI. Ch'nese apprentices committee, They form a part of a group of 21
to be constructed to connect Sze-commend appropriating as, fol-apprentices: selected on the wasis
To pay a dividend of
40 cents per Share
of technical qualifications, per- 'sonality, knowledge of EngIsh, and general megs
The scheme is intended, apart
on 200.000 Shares... $ 80,000.00 from atting these apprentices for Transfer to General
chuen. Yunnan. Hunan and lows:- Kwangsi Provinces, As this Pro- vince is of more of political and military than economic impor- tance. Kwelyang ought to be the centre of railroads For the time being it is important to have the Liu-Yu (from Lluchew to Chung- king? Line constructed, which wly facilitate the development of national defence economy.
M
Reserve Carry forward to next
Account
50,000.00
26.855.88
$156.855.88
has
The second railway that is to be proposal in this connection constructed is
the Central the Eslang-Chten been submitted to Hunan Kwelchowi Line. The government..
responsible engineering positions in China, to develop trade and cul- tural relations between China Rad the United Kingdom. The 'scholarships are financed by grants from the Universities* China
BUSINESS DONE DURING THE WEEK. Hongkong Bank, $1350; $1375, $1370. $1365, $1370, 51375, $1370.
Canton Insurance, $220. -Union Insurance, $470, $488, $466,
$464, $488.
China Underw:iters $0 43; Hongkong Fires, $170... Douglases," $61.
Docks (old), $171, 17. Provident Par, $5.6. Hotels, 6.60. Lands, $38.
Realties, $5,65, $5.60, $5.50, 5.63. Tramways, $17:10, 3171. $17.
$17.30. $17.40," $17.20, $17. China Lights (cum rights), $93. China Lights Lex Rights), $8.30. China Lights (Rights). $3,10,
$3.05, $3.
Electrics, $571, $57. Sandakan Lights, $10.10, $10. Cements $10, $15.00, 15.80. Dairy Farms, $243. Sonceres, 31.80.
Govt, 33% Loan 1%prm 19.
CHANGES 3.30 PM. (CLOSING QUOTATION)
BUYERS Hongkong Bank, $1360 Union Insurance, $483. Providenta f(old) ($5.50. Cements, $15.60.
SELLERS H.K. Electrics, $57. H.K. Realties, $5.65. H.K... Tramways... $17.20. Telephones. $23). Cements, $18. Dairy Farms $231. Watsons, $7,70.
SALES
H.K. Bank, $1370) F.K. Docks (old) $17. Providents (old), $5.60.
H. & S. Hotels, $8.60. HK. Realties, $5.65. H.K, Tramways, $17.
China Lights (Rights), $3. Cements. $15.90/80. Sinceres, $11.
instructions
TO SILL BY
PUBLIC AUCTION
OR
TUESDAY, the 31st JANUARY, 1939.
Commencing at 10.30 a.m.
At No. 132 Argyle Street. 1st Floor, Kowloon.
A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE
------------
On VIEW from MONDAY, the 30th JANUARY, 1939.
Terms: Cash on Delivery,
LAMMERT BROS
AUCTIONEERS.
RACING TAXES IN SINGAPORE
The sum of $310.403.85 was: paid to Government för tax ón totalisa-
year tor and sweeps during the 1938, according to the annual re- port of the Secretary of the Singapore Turf Club, the annual meeting of which was held yester- day.
This compares with $296,281.80 paid for the same purpose In 1937.
IMPORT LICENCES IN
NEW ZEALAND Applications for import licences under the new trade control regula-. tiona arc mounting rapidly. Overseas orders are almost at a standstill.
Importers are bewildered owing to the lack of information. The general opinion 13 that the
will restrictions
apply chiefly against Australia and the United States, with which countries New Zealand has an unfavourable trade balance.
Committee in London, the Board British Council in London, and
The maintenance allowances are pald
of Trustees in China for the
regulations will On the Administration .of the British Boxer Indemnity Funds, and the by the engineering firms concerned. contrary favour Great Britain.
instructions
to sell by
PUBLIC AUCTION
OR
TUESDAY, the 31st JANUARY, 1939
Commencing at 2.30 p.m.
At the Sales Room, No. 35 Hankow Road, Kowloon,
A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE
Comprising:-
Blackwood Ware, Teakwood Drawingroom, Bedroom, Dining- rooth and Office Furniture. Pic tures. Carpets, Rugs. Ornaments, Cutlery, E. P.. Brass, Porcelain and Glass Ware, Gramophones, Records, Electric Heaters, Fans and Lamps, Books, Cooking Utensils, etc., etc.
also
3 "Remington" Typewriters 5 Genuine Persian Rugs
2 Wardrobe Trunks
1 Axminster Carpet
On VIEW from MONDAY." the 30th JANUARY, 1039.
Terms: Cash on Delivery.
LAMMERT BROS.. AUCTIONEERS. -
WHAT
LAMMERTS' AUCTIONS
PUBLIC AUCTION,
HE Undersigned have received
THE Instructions
TO SULL BY
PUBLIC AUCTION
- "
MONDAY, the 30th JANUARY, 1939
Commencing at 11 am.
At their Sales Room, No. 2 Connaught Road Centrai,
2nd Floor
2 Cases Cointreau
Rhum
2
1
Bacardi
3
Maraschino
Cherry Brandy
Creme de Cassis Simon
Apricotine
and
10 Cases Syrups (Cusenier)
TERMS:-Cash on Delivery.
DO YOU
LAMMERT BROS..
AUCTIONEERS,
WANT?
If there is anything you want to buy or sell, try a small classified advertisement
25 words $1.00 Prepaid for 3 insertions.
DIRECTORY & CHRONICLE
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