HONGKONG DAILY PRESS
Finance and Commerce
Peak Trams Had Good Year: Dividend Approved
A dividend of six per cent, on all shares was approved by shareholders at the annual general meeting of the Peak Tram- ways Co., Ltd., held in the Hongkong Hotel yesterday, when the Chairman, Mr. J. :D. Humphreys, ... reported a good yea1"'W working.
Mr. Humphreys was supported by the following directors, Sir Robert Ho Tung. Mr. J. Scott Haraton, Mr. E. V. Williams, Mr. D. L Newbiggin and Mr. J. L. Qule (Secretary). Others present were Mesars. 8. T: Williamsón, P. C. Potts, J. E. Jupp and W. C. Lee..
H. K. STOCK
EXCHANGE
The turnover for the short week; whilst not of great dimensions, is Indicative that a demand exists practically over the whole range of the market.
FINANCE
FOREIGN EXCHANGE
SITUATION
NEW YORK, June 2 (Reuter) The feature of the foreign. exchanges yesterday, “was the sharp drop tn the guilder. due to the threatened 'crises In the Dutch Cabinet, while sterling
not adversely affected by M. Molotov's speech and the optimistic Paris press view resulted in general improvement,
WALA
U.S. ARMAMENTS FOR CHINA No Shipments To Japan In April
During the past hbiders have had ja number of unpleasant shocks to contend with, but they malatained an almost stolc indiference to the future. Now that, conditions, for the time being, are a little more settled, holders tenacity is due for The chairman said:
stand in at the round sure of eward
It is common knowledge "The proft for the year, at three lakhs,
local companies, utilities in parti-
SHANGHAI June 2 (Int'l)-- $40,048.37, is the best since 1934) "I do not think there are any cular, are still doing well and with Licenses for the export of Ameri and shows an Increase of $9,519.80 other items which call for special the approach of the half year and can armaments to China as over last year, which, I think, can mention and I now formally pro- thereafter the possibilities of in-s actual shipments during be considered satisfactory. and pose that the Report and State-terlin dividends being declared, athe month of April totalled which justides the increase ofment of Accounts as presented be stimulated demand would almost US $381,174, of which more than one per cent. In dividend as re-adopted and that the following surely be followed by an all round U.S. $350,000 was for aircraft, the commended by your Directors. allocation of profits be passed.
Pay a dividend of 6%
"As a matter of statistical in- terest to shareholders, I would like
to mention that 22,038 more pa3.
on 25,000 shares Fully Paid Up
$15,000.00
on 50,000 shares $5 Paid Up
15.000.00
sengers were carried up and down)Pay a dividend of 6%
in the Trams than in the previous year, making a total of 1,054.735 transienta.
"Trac Receipts and Rents shea ап Increase of $3,800.27 and *$2,345.18 respectively. and had it "not been for the inclement weather experienced during March and Aprli, a larger increase. would have been recorded under the former account.
Write of Permanent
Way
$10,000.00 And Carry Forward ..... 22,883.84
The motion was carried. OTHER BUSINESS
302,885.84
Sir. Robert Bo Tung, Messrs. J. "With the ever increasing use Scott Harston, L. Kadoorie, H. V. of motor cars, we are more and Wilkinson and D. L. Newbiggin more dependent upon casual traffic | were re-elected to the Board of and tourists, in which sources of Directors. Messrs. Lowe, Bingham revenue the weather plays a pro-and Matthews were re-elected au- minent part.
ditora.
CHEAP RETURN TICKETS
"As an extra inducement to this HONGKONG
type of traffic the cheap Return Tickets issued on Sundays have
now
been extended to include Saturdays and Public Holidays.
SHAREBROKERS'
· ASSOCIATION Volume of Business Transacted on Friday, June 2, 1939.
"A further encouragement, no „doubt, would be a small cafe at Wharves the Peat, where refreshments Cements could be obtained, and our delect- | Watsons able scenery viewed at leisure.
"Since the closing of the Peak Hotel visitors have not been cater ed for in this respect,
Electrics" Trams
uplift in price levels.
BUSINESS DONE DURING
- THE WEEK
HK. Bank, $1400, $1402), $1415,
..$1405. Union Ins., $440.
China Underwriters, $1.35. Union Waterboats, $8.
HK. Wharves, $107, $108, $109. Providents, $4.85, $41, $4.77), $4.80,
$1, $4.80. Hotels, $5.87!. HK Lands, $35), Humphreys, $81.
HK, Tramways, $16.60, $16.65
$16.80.
HK. Electrics, $554. Telephones (0), $24. Cements, $131.
Dairy Farms (0), $22, Dairy Farms Ex. Rts., $22. Watsons, $8, $8.10 $81,, $3.40. Vibro Pilings, 53j. -
CHANGES P.M.
(CLOSING QUOTATIONS)
BUYERS
Unions. Ins., $4375. China Underwriters, $1.40. HK, Fires Ins. $180
Providents, $470.
-550 $110.00
500 13.50
200
..100..
8.35
HK, Docks, $18.
56.00
100
16,70
100
18.30
China Lights (N) ...
100
5.50
2,000 Ps. 1.06 10,000 Ps. 0.26 1,000 Ps. 0.35
Invest.
HK, Docks .....
"It is interesting to recall that San Mauricio some two years ago, we submitted | Antamoks plans to Government for a small North Camarines cafe to be built above our present Syndicate workshop.
ment
"Although the plans were approv - ed, Government refused to renew the Crown Lease of the site which, at that time,” had only eleven years to run. In view of Govern-
attitude ment's..
We were re- luctantly compelled to drop the scheme.
"An early and satisfactory set. tlement by Government regarding expiring Crown Leases would ap- pear-eminently desirable.
OVERDRAFT DOWN
"From the Balance Sheet, you will note that the overdraft with our Bankers has been reduced by $34,003.25. Permanent Way, should the proposed allocation of pronts with your approvals will
meet
10,000 Ps. 0.05 PHILIPPINE GOLD MINING QUOTATIONS "Friday, June 2, 1939.
Centavos
Itogons
[
Hand S. Hotels, $6.65. HK. Lands, $354. Humphreys, $8.15,
HK, Tramways, $16.60. Star Ferries, $384.
China Lights (0), $8.55. HK. Electrics, $554
Canton Ices, $1.
Cements, $13.
Watsons, $8.35. -
Wing On CHEK.), $41.
HK. Govt. 4% loan 4% pm. HK, Gort. 3. loan par.
SELLERS
H.K. Bank, $1425.
Watsons, $8.4.
SALES
Antamoks "Baguio: Gold.
28.. 24
Benguet Consol.
11.50
Mindanao
11.
23
Masbates Consol.
11
Paracale Gumaus
17
San Mauricio
1.08
51
Union Ina.. $445,
354
HK. Wharves, 3110.
0.16
HK. Tramways $16.60/70.
15X
Cements, $13).
Syndicate Investment Manbulão Consol,
,05
105
HK Govt, 31% loan 1/8% pm.
United Paracales North Camarines
Batong Buhay Mine Operations
HK Bank, $1425/20.
Watsons, $8.40.
SINGAPORE STOCK AGRICULTURAL PROGRESS
QUOTATIONS
Singapore, May 23,
The following quotations of 12 leading Singapore stocks have beer received by Messrs. Ellis, and Edgar from Messrs. J. M. Sassoon & Co.
..MIDDLE PRICE
Rubber Shares..
Amalgamated Malay Bataté Ltd., $1.50; Kempas Limited, $1.70; Kuala Sidim Rubber Co., Ltd.,
*་
IN NORTH-WEST CHINA
امه
CHUNGKING, JUNE 1 (CENTRAL)—AN AGRICULTURAL PRODUCTION MOVEMENT HAS BEEN LAUNCHED IN THE SHENSI - KANSỰ - NINGHÀI BORDER REGION, TO CHINA'S NORTH-WEST.
This movement, which plans to add 100,000 acres of land to the cultivated ares in the border region and to increase the agriculture yield by 20 per cent. within the fiscal year. was started under the auspices and direction of the Central Government. Its headquarters are in Shensi Province. Never had Yenan, the capital;
$2110; Pajam Ltd., $1.65; Bungel of the Shensi-Kansu- Ninghsia TECHNICAL Bagan Rubber Estates Ltd., $1.30: Border Region, and the seat of
Tapah Rubber Estates Ltd., $1.55. the
Tin Shares
Anti-Japanese University, been so brisk with activity, as it
Petaling Tin Ltd $3.80 and has since the beginning of the Sungei Luas Tin Dredging Ltd..movement. $1.40.
Industria.
PERSONNEL
REGISTRATION
CHUNGKING," June 1 (Central) At sunrise, thou-
-in anticipation of a greater de- sands of people climb the πούσ tains in small groups to break mand for technical personnel due Straits Trading Co., Ltd., $25.75: open, with newly-wrought into the intensification of the na- United Engineers Ltd. (Ordinary) plements, barren soil that will tional production programme, 752
$8.35 and Wearne Brothers Ltd. $13.
זי
yield food of all kinds.
technically trained Chinese have |registered with the Education-Re-. The 20,000 students of the Anti- Gold Shares
Japanese University in Shenal are mittee..
construction Co-operative" · "Com- Raub Australian Gold Mining not being outdone by the civilians. Co., 120, $4.45.||
The
these These students, who receive from technically trained men have been
qualifications of The above quotations are in the Government seven cente
worth of food per person per day ons in need of specially trained made known, to different organiza-
will soon be self-supporting. ́ ́
them have persons. Some of (245) Co-operative Scheme
already been given work.
BANK OF FRANCE
Straits. Dollara.
GOLD RESERVES
BRITISH INDUSTRY FREE FROM DISPUTES They have promised to provide | the Government with 3,300......ahih LONDON June 2 (BWB)-Com-(one shib equivalent to 180 cat menting on the singular freedom ties, approximately) of grain. of industry in 1938 from labour Each student cultivates from a disputes, the annual report of the sixth to a half of an acre in ad- PARIS, June 1 (Reuter)—The Ministry of Labour says: "This dition to pursuing his studies at return of the Bank of France for to freedom and reluctance of the University.
the week ended May 17, show gold employers and work-people to The movement is being carried reserves totalling 92,286,000,000 pursue their claims to an ex-out according to a detalled scheme Francs, of gold_content" of 27.5 treme point may not unfairly of co-operation and division of milligrammes, indicating no change be attclouted to a strong desire labour by all organisations found as compared with the preceding en the part of all engaged in in the region. Each organisation week. industry to avoid undue inter- is responsible for the supply of The total note circulation is ference with production and to certain amounts of grain and given as 121391,000,000- Francs, do nothing which might serve to other materials at the end of showing a decrease of 741,000,000 weaken the country's influence at the fiscal year for the Govern- Franes, as compared with the week time of international tension ment's use in the prolonged war.ended May 17,
well
Munitions Control Board of the State Department "announced re.
H
SATURDAY, JUNE 3, 1939. —PAGE 11'
GREEN ISLAND CEMENT LAMMERTS AUCTIONS
CO., LTD.
Sole Selling Agents in Hong Kong and South China" for
THE ASSOCIATED PORTLAND CEMENT MANUFACTURERS' PRODUCTS,
"COLORCRETE," "SNOWCRETE,"
"STIPPLECRETE"
&
cently, according to a Washing "IMPERMO" Waterproofing Compound.
ton report.
11
No arms were licensed ur shipped to Japan during that period.
The Dutch East Indies, Great Britain and France continued to be the best purchasers of Ameri- can manufactured aircraft, 21- though Agures show a remarkable slump in license applications for April compared to the previous months. The total licenses for arms during the month was US
| $3.929.805 while actual shipments
amounted to US. $8.712.008, "Licenses for the shipment of arms to China, totalled UA. $183,- 699, including U.S. $173,648 for non-military aircraft, U.S. $8,735 for ammunition, and US. $1.150. for machine guns and automark rines and pistols. Shipments ac- tually made during April amounted to US $177,475, of which US. $177,200 was for non-military air- craft, U.S. $19,000 for propellers and other plane parts, and S. $1,150 for rifles and pistols.
ECONOMIC PROBLEMS
IN U.S.A. WASHINGTON, June 2
(Reu-
ter)-President Roosevelt to- night is meeting dozen big businessmen at the White House for a
op discussion
economic problema.
The meeting will be held despite the President's belhg in bed dur- ing the day with ainus cold and glight fever, which has resulted his cancelling all previous engagements for the whole day.
in
HEAD OFFICE
TELEPHONE 2:483
EXCHANGE BLDG,
HONG KONG.
KIRIN
The
B
E
E
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Choice of
The Multitude
· Sole Agents comm
H. HONDA & CO.
Tel. 20790.
40, Jeknton Road. Hồng hong
THORNYCROFT
PUBLIC AUCTION.
THE
Ha Undersigned have received from an old collector of Chinese Curios.
to sell by
`PUBLIC AUCTION
on
WEDNESDAY, the 7th JUNE, 1939
Commencing at 2.30 š.m.
At their Sales Room, No. 35, Hankow Road, Kowloon,
A FINE AND VALUABLE COLLECTION OF OLD
CHINESE CURIOS
Including:
Tong, Bung, Yuen, Ming and Ching Dynasties.
On VIEW from “ TUESDAY,
the 6th JUNE, 1939.
LAMMERT BROS.
AUCTIONEERB.
DONT FORGET
THAT
WHEN
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the
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THORNYCROFT
'HANDYBILLY'
operated on the Hesselman principle and, with very little increase in weight or overall dimensions, combines the lighter weight and smoother running of the petrol engine with the low fuel cost of the diesel,
9 H.P.
Bore, 3 in. (89 m.m.), Stroke, 4} in. (114.2 m.m.); Displacement, 86.5 cu. ins. (1415 c.c.).
Two cylinders
Engine speed 1,100 r.p.m.
Tailshaft speed: 700 r.p.m Fitted with combined reducing-reversing gear..
THORNYCROFT
stands for Satisfaction
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