HONGKONG DAILY PRESS
Finance and Commerce
FINANCE
H.K. STOCK EXCHANGE
Small sales wery reported in H.K. Fires, Underwriters, and 34% Govt, Loan, the undertone remain-
GOLD VALUE EXPORTING OF" "EXPORT OR Govt, Loa
GOES UP
PRODUCTS FROM
CHEKLANG
DIE"
BERLIN-Herr Hitler's dramatic
& total of £489,900.000,
The gold value of world trade in-
SHANGHAI, Feb. 18 (T/Ocean) outburst, "Gerinan people; export creased by 8 per cent. during October last, according to the -The Chinese "press publishes an or diet in his Reichstag speech. Minis-was given fresh point recently by Monthly Bulletin of Statistics of announcement that the Nations. The rise was attributed to try of Economics has decided to the publication of Germany's final
grant permission to export Ave foreign trade return for 1938. seasonal influences.
These show that, even with the There was sudden rise of gold kinds of native products of the
Shanghal, addition of Austria in March and exports from the Union of South Cheklang province to. Africa where very little gold The list of exportable products the Sudetenland in October, exports was exported in September, the includes cotton, ten, yarn, paper sank by more than £14.000.000 to and eggs. Exports will be super- League's Bulletin says.
vised and must be guaranteed by Total exports of 75 countries in- the Chekiang Chamber of Com- creased
million by 31
US.A.
merce or other trade transporta- dollars or by approximately 8 per tion which will also be held re cent. Biggest were noted by the sponsible if exportable merchandise Union of South Africa (23 million is shipped to Shanghai for sale to - dollars), United States (20 millions), Germany (almost 12 millions, in- cluding Austria), United Kingdom (7 millions), Exports from Austria, Italy, Belgium. France, Egypt also
rose.
Total importa rose from Septem- ber to October by 47 million dollars
Japanese.
In this connection it is re- called that the Chinese former- ly placed a ban on products for which the Japanese have urgent need especially
raw
At
the Same time importa Increased considerably to £504,300, 000, leaving an import murplus of £38,000,000 as compared with an export surplus of £36,900,000, in- cluding trade with Austria in 1937.
STORING RAW MATERIALS. The rise in imports was mainly dae to increased purchases of foodstuffs and raw materials, in some cases for storage purposes. materials. From Denmark came increased all of these were included in the quantities of butter, meat and eggs;; list of 52 kinds of native products, from Norway Iron ore, trom Fin or by 41 per cent, Imports into shipments of which Were pro-land timber, and from Lithuania Great Britain. Austria) hibited from Germany (including
Chinese provinces butter and pigs. advanced by 8 millions, into United to areas occupied by the Japanese France and the Soviet Union were" Kingdom by 6 millions, France 5
including Shanghai, according among the European countries millions, Canada 4 millions, the th a decree issued by the Chinese from which Germany bought less. United States and the Netherlands Ministry of Economics last January. 3 millions each.
INDIA SEEK PHILIPPINE
PRODUCTS
INCOME TAX : "BOMBSHELL” -
IN U.S.A.
Germany greatly increased her importa from North and South America. She bought so much maize, wheat machine oll and scrap iron
from the United States that her imports from this quarter rose by 43.5 per cent. over the previons!
WASHINGTON-In a Message to year. Congress recently President Roose-
velt recommended the early pass-
age of legislation making "private ECONOMIC
Demand for a number of Philip Income from all Government sala-
Bayars
Hongkong Bank, $1400. Undon Ins., $4624.
HK Fire Ins., $175, Douglases, $65.
Providents (Old). $6.40, Faubs, $8.
HK Renities, $53. Chinese Estates, $100.
Sandakan Lights, $9.85.
Canton Ices, $1... Cements, $15.
H.K. Ropes, $39. Entertainments, $7. FLK Govt 31% Loan Marsmana (HK) 3/3.
Sellera
Cements, $15
Sales Hongkong Bank, $1415) China Underwriters, $0.60. H.K. Fire Ins, $180. HK Govt 31% Loan Par.
PHILIPPINES MINES -- Antamok, Ps. .40. Atoks, Ps. 36. Baguio Gold, Pa. 28).. Benguet Consolidated, Pa. 13.80. Coco Grove, P. 45. Consolidated Mines, Ps. .003. Demonstrations, Pa. 18. IX.L, P. 80. Paracale' Gunaus, Ps. 14. San Mauricio. Ps.. 1.82. Suyoc, P. 21. United Paracales. Ps. 57.
HONGKONG
SHAREBROKERS'
ASSOCIATION Volume of Business Transacted on Thursday. February" 16′′
STOCK
pine products including cordage ries hereafter earned and from all RECONSTRUCTION mectrice
and twine in India is indicated in Government
securities hereafter
inquiries received by the bureau of issued subject to the income-tax PROGRAMME
laws of the nation and of the in-
It will fall upon
*
pro-
וי
Bank of E Asia. Providents (0.) Underwriters
Shares Price No. of
200 $56.75 100 85.00 300
0.70 3,500 0.60 1,500
0,58
8
Mine Operations
400
IT
NEVER
VARIES
FRIDAY, FEBRUARY 17, 1939. -PAGE 11
LAMMERTS' AUCTIONS
DEWAR'S
"WHITE LABEL
Sole Agents:
A. S. WATSON-
WINE DEPT.
JAPANESE BANKNOTES PROHIBITED
«CHUNGKING, Feb. 15 (Intl) Prohibition of the circulation of, Japanese banknotes as well as of all currencies issued by puppet re- gimes in China has been put into effect by the Ministry of Finance of the National Government.
The regulations provide for the confiscation of all such banknotes and for the Imprisonment of all persons found keeping, circulating or transporting them anywhere in China, The exchange of Chinese legal tender notes or silver for Japanese or puppet notes is to be punished as sedition.
&
CO., LTD.
TEL. 20615.
H.K. ELECTRIC“ COMPANY, LTD.
At the ordinary yearly meeting of shareholders of the Hongkong Electric Company, Ltd, to be held on Thursday, March 9, at 11: a.mL, the directors will, subject to audit. | recommend that the balance
available for distribution be dis-" posed of as follows:--
"
To pay a anat ridend of $1,50 per share making, with the interim dividend of $1.00 per share paid on September 8, 1938, s.total of $2.50 per share on 600.000 shares: $1,500, 000.00; Pay a bonus of 75 cents per share on 600,000 shares, 430,000,00 Write, off Investments, 147.276.21; Jubilee Year Bonus to Staff 43,976. 22: Carry forward a balance of 261, 880,85: Total, $3,409,133.28.
Reports are required to be made to the legal Chinese authorities by par
any persons who are informed 3/2
about Chinese citizens keeping. 500 3/8
circulating or transporting Jap- 200 3/8
anese or puppet currencies in Persons who consciously fall to 2,000 Ps.0.13 25,000 Ps.0.022 China. The names of the infor-report accordingly to the Chinese
assisting the enemy. Mining Quotations mans shall be kept secret by the authorities will be charged with
commerce from that country.
CHUNGKING, Feb: 16 (Central) The bureau has received an individual States. quiry from a firm in Bombay which the members of Congress with the -The enforcement of an elaborate Hongkong
economic reconstruction....
Govt. 31% Loan...$20,000 desires to get in touch with local explosive force of a bomb.
The recent decision of the Su-gramme in support of the present Maraman R.K. suppliers of cordage and twine, embroideries, hats, mother of pearl preme Court in the case of the Port war of resistance was revealed by shells and trochas, soap, sporige of New York Authority is the force pr. Wong Wen-hao, Minister of
In Economics. and "ylang-ylang, with a view to behind this recommendation. establishing business connections. this body New York City appears Dr Wong sald that the produce Butong Buhay Interested producers and expor- in the guise of a corporation, and tion of native goods is greatly en- Philippine Gold ters of these products are invited the Court ruled that for the pur-couraged. special emphasis is laid by the bureau of commerce to com- poses of the taxation of its em- on the production of substitutes Antamoks municate with the inquiring firm ployees and security holders its for Imported articles. He also re-Atoks ..... Further Information will be given corporative rather than its govern-vealed that small handicraft in-Bagulo Gold interested parties by writing the mental aspect should male and dustries in the interior provinces Benguet Consol. director of commerce or calling at tax Immunity should not be grant- are promoted" and in some cases Coco Grove
given necessary assistance by the Consol. Mines the bureau's trade promotion ed.
Demonstrations BACK TAXES ·
government. division, making reference to trade;
This decision opened up the un- -He expressed satisfaction that I X. L opportunity No. 1405:
Figures compiled by the bureau pleasant possibility that the Trea- during the past few months, there Paracale Gumaus show that India is not yet a good sury would next March-be forced has been a great Increase in the San Mauricio Suyoc-Consol to collect three years back taxes output of raw materials as well as customer of the products men.
employees and
security a marked improvement in the Unit 4 Paracales tloned above. A "good market for from these commodities, however, is in-holders of this and many other various economic enterprises.
State corporate instrumentalities, Cicated.
AMERICA
CONSUMES
MORE CRUDE
RUBBER
Consumption of Crude Rubber
February 16.
48
38
261
13.80
451
003
16
68
14
1.92
67.
Market Comment.-Dull.,
At present, be sald, economic and President Roosevelt asks Con- centres are being gradually built SINGAPORE STOCK
gress to intervene by legislation to up in Hunan, Szechwan, Shens!, relieve from a retroactive levy Kansu, Chinghai, Sikang, Yunnan, those who had in good faith Kwelchow, and Kwangst. He en believed that they were exempt Joined the people to co-operate from taxation.
QUOTATIONS
Singapore, Feb. 10,
The following quotations of 12 with the Government to attain leading Singapore stocks have been Ellis and But the decision. also establishes the goal of, the economie recon- received by Messrs..
Edgar from Mesars, J. M. Sassoon the possibility that the Court struction programme.
Co.
would validate the law, thus going
a considerable step further going.
by manufacturers in the United that is to say, as far as the Pre- States during the month of sident how recommends, November, 1838 is estimated to be
He is asking Senator and Con-
48,048 long tons compared with gressmen, whose salaries of £2,000
TIN BUFFER EXECUTIVE
Mr. A. Elinger has been ap-Kempas Limited
manager of Kuala Bidim Rubber Co., 40.333 long tons during Octo- a year have been so long free of pointed assistant
Ltd. ber, 1938. November consumption taxation, to destroy their immunity the Tin Buffer Stock executive shows an increase of 14 per cent. and that of many other earners and has, assumed charge of that Pajam Limited. over October and is 35.3 per cent. of Federal or State salaries, and office. over November a year ago accord- also to put an end to the practice ing to statistica released by The of issuing tax-exempt Government Rubber Manufacturers Association securities.
authorities.
Maldon
15 Howar
Harding.
B
PUBLIC AUCTION.
HE Undersigned have
instructions
TO SALL BY
PUBLIC AUCTION
о
THURSDAY and FRIDAY, the 23rd and 24th FEBRUARY,
1919
Commencing each day at 9.30 am, with an interval from 12 noon
to 1.30 p.m.
At H.M. Naval Yard. Hongkong.
and at Kowloon Naval Depet.
*
OLD AND SURPLUS NAVAL
Steam
STORES, &0.
Comprising:-
Boat without boiler, Machinery for Steam Boat, Bollers, Wall Cranes.
Old Tools, Canvas. India Rubber," Clocks, Leather Electric Gear, Electric Motors, Lamps, Oars, Cordage, Firewood, Blankets. Counterpanes, Carpets, Rugs, Coverlets, Beds, Wash Basins, Furniture, Electric Cable. Drums, Dirty Ol, etc.
also
Zinc,
Old Metals comprising Copper, Brass, Iron, Steel, Lead Old Battery Plates, etc.
Lots may be inspected on Wed- nesday, 22nd February, 1939. Terms of Sale:-As detailed in Catalogue.
LAMMERT BROS..
By Appointment, Auctioneers to the Admiralty.
Engraving is the hall mark
of
VISITING CARDS.
If you wish to create
good impression use our cards
of high
Quality.
RUBBER SHARES Amalgamated. Malay Estate
Ltd.
Middle Price
$ 1.45
1.70
Mr J. Cartwright,
2.00
1.65
1.221 1.65
6.60
Ltd.
1.421
·༄
INDUSTRIALS Straits Trading Co., Ltd. 25.50.
8.20
13.25
Sunget Bagan Rubber Estate This announcement was made Ltd. recently by the chairman of the Tapah Rubber Estate Ltd, International Tin Committee.
Mr. Ellinger was at
one
TIN SHARES time Petaling Tin Limited recently. Consumption for Novem- These "nequitable Immunities”
the Metallgesell-Bunget Luas Tin Dredging ber 1937 was 34,025 (revised) long are not, as the President says, connected with
inexorable requirements of the schaft of Frankfurt and more re- | tons.
This organization reports gross Constitution." Their abolition, un-cently with a Dutch concern, the
rubber for popular as it is sure to be with Montan Methallhandel, **** imports of crude November to be 31,054 long tons, beneficiaries, will be immensely
It was pointed out in mar-United Engineers Ltd., (Or-
that the original dinary)
buff stock scheme provided Wearne Brothers Ltd, for the appointment of an
a decrease of 10 per cent under popular with "business," which has ket circles the October figure of 34,498 long long resented them, tons and 44.8 per cent. under the 56.302 lang tons imported in November 1937,
LONDON STOCK
EXCHANGE SURPRISE
"A sensation was caused in the
assistant manager, as well as 8 manager. No change of polley is thought to be involved fri "Mr. Kilinger's appointment,
GOLD
Raub Australian Gold Min-
ing Co. Ltd. ......
The above quotations are Straits dollars.
4.25
NAZIS WANT GOLD BANK OF EAST ASIA
FROM CZECHS
LIMITED
This Association estimates .total domestic stocks' of crude rubber on hand November 30 at 254,318 long tons, which compares with October London Stock Exchange recently. 31 stocks of 269,937 long tons and 222.707 long tons on hand Novem- Shortly before the close of busi- ness a notice was posted relating
The directors of the Bank of ber 30, 1937.
PRAGUE, Feb. 3 (By Mall) to two members.
claims East Asia, Ltd, announce that, sub- Crude rubber afloat to United The Committee stated that they Gold-hungry Germany States ports as of November 30 18 had under consideration a case in more than £2,000,000 in gold ject to audit, the profit for the from the rich reserves in Czecho-year ending December 31, 1938, estimated to be 51,114 long tons which they had decided that the which compares with 51.062 long two members had been guilty of slovakia's national bank. That after writing off all charges and tons afloat on October 31, and irregularities. These had resulted was the surprise sprung on the other contingencies, and including 81,302 long tons afloat on Novem-in members of the public being de- ber.30 a year ago!.!
frauded:
November reclaimed rubber con sumption is estimated at 12,688 long tons, production 19.905 long tons, stocks on hand November 30, 19.823 long tons.
LONDON GOLD
London, Feb. 15 (Reuter). Bar Gold, Fine per ca, 148/4; Dollar Parity, la premium
The members concerned have been brought under Clause 3 of Rule 16, which states that "the Committee may expel or suspend ang member who may be guilty of dishonourable or disgraceful con- duct
Government when the Minister, of the balance brought forward from Economics, Vlastimil Badek, re- 1997, mounts to $760,505.12, which turned to-day from his Berlin the Directors propose to deal with talks with the newly appointed at the forthcoming annual meet-
ing as follows S German finance dictator,
The gold is claimed to cover the To Pay a Dividend of $8 per share, on 56,988 Czech banknotes circulating in
shares absorbing... Budetenland at the time of the
O territorial cession after the Munich To Transfer to Reservo
To Pay a Bonus to There have been few such 10-agreement, cidents in the whole history of the Legally, there is no Instidcation Staff Stock Exchange, and members for such a cialm, because Czech To Carry forward
30 were expressing extreme regret banknotes, though carrying a
that 1939 should have started in per cent, gold cover, are not stich manner.
convertible into gold
$335,916.00
€50,000,00
18,655.11 383,933.01
#3786.503.12
In these we Specialise
Samples available
at
M. Eric B. Green
THE EASTERN ELECTRICAL COMPANY.
Mr Geoffrey A. Matthews,
FRIC GRAY
PHONE, CENTRAL (700
CAMERA SILJOȚEI
Mr Dennis & Spalding
THE HONGKONG DAILY PRESS
Marina House, 3rd Floor, 15-19, Queen's Road Central.