HONGKONG DAILY PRESS
Finance and Commerce
PINEAPPLE PLANTING
AREA DECREASED
IN MALAYA·
More than 11,000 acres of land in Malaya which once pro- duced pineapples, fell out of planting use last year, but in spite of this decline in plantation area, it is not anticipated that there will be any serious diminution of supplies.
The present area of 59,000 acres; which is the biggest centre of the
is considered sufficient to maintain canning industry.
the industry at about its present) level.
Fruit supplies in Johore during October were only sufficient to per- There are now only 2.700 acres mit only three out of alx factories planted in Singapore, and experts to work.
In the Malayan pineapple ́industry believe that it is unlikely that this
IMPORTANT MOVES
Two important movements in the acreage will be extended owing to Malayan pineapple world are the the growing demand for food crops, formation of a Central Board of apd that Singapore factorles will Pineapple Packers, and an Associa- soon depend entirely on Johore for tion of Growers. their supplies of fruit.
DROP IN EXPORTS
"
The main objects of the Central
FRUIT JUICE TRADE Opportunities For Crown Colonies
to atten-
In an article contributed to the latest issue of the Bulle- tin of the Imperial Institute by Dr. H. A. Tempany (Assis- tant Agricultural Adviser the Colonial Office). tion is called to the posalbili- ties of a trade in natural, fruit Juices in the United Kingdom as soon as the public realise what is being done, in this direction in other countries. particularly in the United States.
In the United Kingdom there Board are to control production to is an appreciable trade in citrus A considerable drop in 1938 ex-meet the demands of the market, squashes and cordials, but these port fures as compared with 1837 and to fix the price of the canned are juices which have undergone Is foreshadowed, taking into ac product at a level which will en scme form of manufacturing or sure a fair proht to growers and preservative treatment. In the packers.
United States of America, and Agreement has been reached on a to a lesser extent in certain Euro- cody of rules for the Association pean countries. there is a consi- of Growers which, it is anticipated, derable trade in fruit juices which will be able to safeguard the in-are preserved in such
way as terests for the producers of the to retain unaltered the charac- fruft.
teristics of a fresh fruit juice.
count the reduction already sus- tained in the exports for the first nine months of last year,
In that period the total exports of pineapples from Malaya amount ed to 59.987 tons, or 1,937,012 cases, valued at $5,915,235, as compared with 68,773 or 2,222,451 cases, valued at $7.580,083, Curing the corres- ponding period of 1937.
It is expected that deliveries from Malaya w Increase in the near future, as reports place London There may be a decrease of 6,000 and Liverpool stocks at the lowest tons" in the exports from Johore, figure for several years.
HONGKONG LAND TRADE MISSION
INVESTMENT
LTD.
FAILS
IMPETUS TO TRADE
A great impetus has been given to this trade in the USA, by the consumption of fresh fruit juice as part of a campaign for health on account of the vitamin con- tents. In consequence "much at- tention has been devoted to the preservation of citrus juices by methods which will retain in un- altered form the vitamin contents. This campaign has found no It is parallel in Britain so far.
that it similar propa-
CO.,
BUCHAREST, Feb. 22 (Reuter)- The general statement of the Herr Wohlthat, a German Ministry affairs of the Hongkong Land Th-of Economics official, has returned thought vestment and Agency Co., Ltd.. for to Berlin after a week of negotia-ganda was undertaken by the the year ended December 31, 1938, tions on trade questions.
medical profession In this country and balance sheet as at that date
would greatly stimulate has been issued.
He failed according to a high-t
Net profit for the year, beforey placed Rumanian source, in a trade in fresh citrus fruit juices. renewed attempt to secure wide and might be the means of ex- tending considerably the consump- concessions for prospecting and exploiting
intion of citrus fruit or its equi areas new oil
valent in juice. Orange juices are Rumania.
the Nazi imported from the United States, Spain, South Africa, and Jamaica: from Italy, Lemon Juices come
providing for the amortization of Crown Leases and the replacement of buildings by writing of depre- elation, amounts to $1,148,495.01 which with $519,934.70 brought for- It is learned that ward from last year has been cred- official will return to ited to profit and loss appropria- shortly to continue the
Bucharest
mining.
FINANCE
WAR TIME TRADE IN KIANGSI
NANCHANG, Feb. 23 (Central)---- The Klangsi Provincial Govern- ment has established a War-time Trade Department under the directorship of Mr. Yang Tao-an, Commissioner of Reconstruction.
The new department will under- take to market Kiangal's special products and to import necessaries and will co-operate with the Che- klang, Fuklen; Kwangtung and other provincial authorities in the transportation and distribution of the special products of the respec- Live provinces.
The Kiangsi provincial authori- ties recently appropriated $20,000 for the purchase of farming im- plements for the 5,000 refugees in Linchwan, southeast of Nanchang, to do reclamation work,
JAPANESE WANT SCRAP-IRON
LOYANO, Feb. 29 (Central) ---- The Japanese in Kaifeng, capital of Honan, are collecting scrap- tron, copper, lead, tin and other metals to be shipped to Japan. also buying up cattle, They are sheep, hides, wheat and cotton in Kalteng. No Chinese and foreign- ers are allowed to buy these pro- ducts without special permission.
negotia Sicily, and the U.S.A., and lime tion account. An interim dividendtions, which also embrace possible faces from the Gold Coast, and ......... of $1.25 a share absorbing $375, similar concessions for 000.00 has already been paid and principally for copper and bauxite. after writing off $29,400.00 from
land, $214,873.18 from buildings and
a special appropriation of $50,000
the West Indies.
There seems little doubt that the existing demand by the trade in this country is for raw juices for concentrated Juices. This is doubtless because
from Gloucester Hotel furnishings, ISSUE OF EXPORT rather than
there remains a balance of $999, PERMITS REFUSEDthe unconcentrated juices at pre- 156.53 which it is proposed to deal with as follows:-
To pay a final dividend
of $1.25 a share
To add to special repairs and renewals account To transfer to general
Reserve account
To carry forward un-
appropriated
sent suit methods of manufac-
FEIRING, Feb. 22 (Reuter)The ture. If, however, by freezing or customs authorities in the North other method of concentration China ports refuse to issue export the trade could obtain a COE- $375,000.00 permits on or after March 10 for centrated juice offering techni- 9.518.45 any goods unless exporters produce cal or commercial advantages certtacates showing that export over the present raw juice they 26.000.00 exchange has been sold by the would doubtless resort to this
Japanese-controlled Federal Re-material. serve Bank, according to a local $209,156.63 | Japanese report.
588,638.08
INCREASING INTEREST That there is increasing in- The report adds that a decree to terest In concentrated juices is
It will be noted that the above this effect is being issued, and that shown by the fact that smali proposed allocation for the year under review has been incorporat-all foreign currency collected by quantities of juices concentrat- the Federal Reserve Bank will be ed by the vacuum process are "deposited with the Yokohama already coming
There also Specie Bank.
seems reason to believe that in-
ed in the accounts:
DIRECTORS
Sir Robert Ho Tung resigned and the Hon. Mr. M. K. Lo has since been invited to join the board. Els appointment ..requires con- firmation.
Mr...A. H. Compton and Mr. T. E. Pearce retire by rotation and, being eligible, offer themselves for re-election,
AUDITORS
over eightpence.
;
The Federal Bank, is only to bayterest in fruit juices is being exchange at fd, compared with fostered by the milk bars, which the present ruling rate of slightly are appearing in mcreasing num- bers; at most of which there is a growing sale of fruit juices, especially in the summer,..
Apart from the citrus frult juices, in the Colonial Dependen- cles interest in this connection, at present attaches particularly to the preservation of pineapple juice in Malaya and certain other passion
SHIPBUILDING IN SCOTLAND
The accounts have been audited!" While
the
output from the
by Messra. Percy Smith, Beth and Scottish shipyards during the past Dependencies, and, to Fleming and Messrs. Linstead and year reached the high total of fruit juice in Kenya. Davis, who now retire and offer 519,649 tons, it cannot but be themselves for re-election.
expected that the figures for the
The annual general meeting of present year will fall far short of SUEZ CAÑAL FIGURES shareholders of the company will that total, because of the small
LANCASHIRE
CLOTH
· FOR CHINA
PARIS, Feb 23" (T/Ocean)-Sta-
be held at the omces of Messrs. number of new contracts placed Jardine, Matheson and Co., Ltd., during 1638. Admiralty orders have tistics for 1938, published by the at noon on Tuesday, March 7. recently been numerous, but the Suez Canal Company, show a de- larger of these vessels will not eline of traffic, chiefly owing to the probably be launched this year. drop of exports from European countries to China and Japan, The There was much activity, in net-tonnage of 6,171 ships, which many of the yards throughout the used the canal with 34,418,000. tons, past twelve months, but a large is 2,073,000 or 5.7 per cent. lens tham percentage of it
mainly in 1937, but, sill higher than the completion work. The year will previous years. -long be remembered because of The merchantren tonnage ex- Cloth Contracts totalling 20,000,000 the launching on the Clyde of the chaive of mail steamers was 1.295. yarda, "and" valued at, between liner Queen Elizabeth by Her1000 tona or 7.7 per cent, less, while! £500,000 and £750,000, are the Majesty the Queen. subject of negotiations between Lancashire cotton interests "and.
LONDON, Feb. 22 (Reuter)
a leading Manchester firm of far Eastern shippers and merchants acting on behalf of the Chinese
Government,
An announcement to this effect
W38
ships in ballast dropped by 362,000
or 6.5 per cent. The only increase
The River Clyde output is the was shown by mal steamers by highest since 1930, when the total 471,000 tons. The goods trame was 529,844 tons, and it included showed a decrease by 3,997,000 tons, almost all classes of vessels except or 122 per cent, to 28,779,000.
actual battleships.".
Messrs. John Brown and Com
in "The Times" this morning saya pany, Limited, Clydebank," head
"It is understood the order will be the 1st of Bcottish yards with a
tona
TEA ÉXPORTS FROM HONGKONG
in drills and other similar fabrics total output of 100,080.
During last year 85,620,000 for army purposes,
against 13,000 tons in 1937, while pounds of tea was exported from When the contracte are Anally Messrs. Lithgows," Limited, Port China through Hongkong, accord placed the total amount will ac-Glasgow, come second with 67,807 tng to information from local tually be larger than the whole tona, as against 81.846 tons in business circles. The major por of Lancashire's cloth exports to 1937, when they took leading tion of the product was exported China in the last four years.
place.
to Boviet Russia and England,
ON SALE
FRIDAY, FEBRUARY 24, 1939. —PAGE 11
Dewar's
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Pacified" Shans! By H. H. Barger An Aftermath of the War
By Kewi Alley The Chinese Female Impersonator.....
By Julius Eigner Prelude to the Sino-Japanese Bostilities By Hubert Freyn
PUBLIC AUCTION.
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TO SELL BY
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он
THURSDAY and FRIDAY, the 23rd and 24th FEBRUARY.
1939
Commencing each day at 9.30 a.m., with an interval from 12 noon
to 1.30 p.m.
At HM. Naval Yard, Hongkong. and at Kowloon Naval Depot.
OLD AND SURPLUS NAVAL - STORES; &c.
Comprising ---
Boat without boiler, Machinery for Steam Boat, Bollers, Wall Cranes.
Steam
Old Tools, Canvas, India Rubber, Clocks, Leather, Electric Gear, Electric Motors. Lamps, Cars, Cordage, Firewood, Blankets, Counterpanies, Carpets, Rugs,
Coverlets, Beda,
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Furniture, Meetric Drums, Dirty Oil, etc..
piso
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Lots may be inspected on Wed- nesday, 22nd February, 1939. Terms of Sale:-As detailed in Catalogue.
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MONDAY, the 27th FEBRUARY, 1939
Commencing at 10.00 a.m1.
At No. 18, MACDONNELL ROAD,
A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE-
'Comprising:--
Drawing Room and Dining Room Buites, Brass Beds with Spiral Springs and Simmons Mattresses. Teakwood Wardrobes with Mirror Doors, Dressing Tables, Carpets, Chests of Drawers, Book-cases, Desks, Tin-lined Couch, Pictures. etc., etc...
Also
1 Sewing Machine. "Singer"
1 Piano by b. Bechstein"
1 Electric Refrigerator "Frigidaire"
1 Electric Gramophone
Electric Reducing Machine.
The above furniture by
and Crafts"
48. Allerton Road
Bowes Parker #
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Samples available
at
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