HONGKONG DAILY PRESS
Finance and Commerce
NEWEST ELECTRO-PLATING
TECHNIQUE
Birmingham Lamp Factory Described
single process in the whole works, representing the very newest deve lopment. in electro-plating tech nique. ·
From Our Own Correspondent LONDON, June 21-An interest- ing experience is a conducted tour of the big Lucas lamp factory in Birmingham. The "plating shop is dominated, by two great tank- This is a bright plating pro- Hike structures, each with a mass cess-that is to say, there is no of overhead gear, looking very handling of the articles between much Eke the hulls of two ships their first. Immersion in the vats steaming down the centre of the and their final emergence, bright- building. These tanks actuallyly polished, from the drying plant. comprise the automatic plating This is in direct, contrast to the plant, which performs "what is conventional process, in which perhaps, the
Impressive the deposit is dull at first, and both the intermediate nickel coat- ing and the chromium plating have to be polished. With this apparatus there is no need for any intermediate or final polish- ing; the plated articles go straight to the assemblers.
mest
"NEW RULES FOR
EXCHANGE
CHUNGKING, July ♦ (Central) -The following measures were announced late last night by Dr. H. H. Kung. President of the Executive Yuan and Minister of Finance, concerning the securing of foreign exchange by importers for imports to China.
One of the most important factors in good electro-plating is apportioning the correct amount of time during which articles must remain in the various vats. Human beings, even the most skilled and experienced, are oc- casionally liable to error, but this plant never errs, even by a frac
Exchange will be granted at Chungking for approved Import requirements. Applications may tion of a second. be made to the Exchange Ex- amination Committee at Chung-
The varied contents of time king, the forms being obtainable plating vats include acids, hot from the offices of the Central and cold water swills, neutralisers Bank the Bank of China. and and cold water swills, neutralisers the Bank of Communications,
Exchange for approyed applica- tions will be granted at the official rates of the Central Bank, but applicants will be required to pay a charge equal to the differ- ence between the official rates and the rates announced from time to time by the Bank of China and the Bank of Communications.
etc. Overhead an ingenious sys- tem of conveying chains and hoists is constantly in motion; at intervals along line of dripping. steaming components are seen rising on one of the automatic hoists and being carried to the next vat
#
These arrangementa supersede HONGKONG the regulations for exchange allotment dated March 12 last year.
According to a spokesman, of the Ministry of Finance, the rates announced by the Bank of China
H. K. STOCK
EXCHANGE
A few enquires are creeping into the market but without a sustain - ed enquiry, buyers are rather in a position to dictate terms, It is possible trading would improve. provided, as a start off, shares could be acquired slightly under the present nominal quotations........
BUYERS
HK. Bank, $1315. Únion Ins., $417†. Providents, $4.35.
KK."Landa, 4% Debentures, par. HK. Tramways, $16.36.
China Lights (0), 38.15. Wing On (HK), $41, H.K. Gort, 1€ Loan 4% Pm H.K. Gort, $1% Loan par.
SELLEKS
Watsons, $8.40.
SALES
Providents, $41. Star Ferries, $85). · China Lights (0), $8.20. HK. Electrics, $54.
"
GENERAL
BRITAIN'S TEA IMPORTS FROM
JAPAN
Questions In House Of Commons
· LONDON, July 5 (Renter)---" In the House of Cominoma yesterday. Mr. Oliver Stanley, › President of the Board of Trade, stated that recorded imports of tea, from ... Japan during the five months January to "May this year were two and a quarter million pounds, the weight represent- ing 1.5 per cent of the total tex, imports for the period.
THURSDAY, JULY 6, 939 PAGE 1
Germany's Share In World's Industrial Production
Germany's share in the world's
| Industrial production rose from 8.3 per cent, in 1932 to 15 per cent in 1939 states the latest half yearly report just issued by the Reichs • Kreditgesellschaft for six months ending on June 30,
Taken as 1939.
a whole, the
German Industrial production during 1998 increased by 28 per cent. by comparison with 1928, that is the most favourable post-
He was informed that cheaper war year before the world de- qualities of Japanese tes were pression and 32.7 per cent, more sold, at atx pence and seven pence than in 1929. per pound, excluding duty and he
WAK
The German production
of
aware that this tea was blended with Empire tea for the raw steel in 1998 aggregated 23 purpose of producing a cheap million tons. packet of tex. He had no power to stop this importation.
Not Correct ・・
Mr. W. Thome (Lab) asked Mr. Stanley if he was aware that
was" mixed Japanese tas Ceylon and Indian tea and sold as Empire tea.
Raw Steel
NEW EXCHANGE REGULATION
"Local Chinese Comment
The regulations relating to
import prohibitions and those relating to export and kuport exchange 1.3 promulgated by the Ministry of Finance yesterday were described by the Chinese Press
the In Hongkong... £5
most urgently needed measures to strengthen China's war-time
economy,
Most Efective:
LAMMERTS AUCTIONS
PUBLIC AUCTION.
THE Undersigned have received
instructions
to sell by
PUBLIC AUCTION
FRIDAY, the 7th JULY, 1939
Commencing at 2.50 pm.
At their
TEMPORARY AUCTION ROOM
No. 12, Des Voeux Road, Central. (Entrance from “White
House" Lane)
A- QUANTITY OF VALUABLE HODUKHOLD FURNITURE
Comprising
All Chinese people, including those In the Japanese-occupied areas, are urged by the "Ta Kung The first half year of 1939 show- Pad" "Sing Tao Jib Pao" and Divans, Tear Bedsteads Iron ed a further increase of the Ger- "Shun Pao" to rigorously enforce Cot, Wardrobes. Dressing Tables, man raw steel production to 6.3 these
measures and strictly Chests of Drawers, Ice Cherta, million tons. Electric power pro-practise économy in order to pre- Sideboards, Dining Tables, Chairs, -- with ductions reached 55 milliards Kilo vent the outflow of China's Dinner: Waggon, Desks. „Type"
watt hours in 1938, that is 22 capital. per cept. more than in 1937. Mr. Stanley declared that if he An increase of production is was supplied with definite- In-shown in the synthetic rubber In formation he would look into the the first half year of 1939. matter, but his information was Great progress.
was made that this was not, so and cer-increasing the home supplies 20tain, under the law, could not the textile raw materials.
0120ĺbe so.
The State revenue during Replying to
supple-anancial further
year of 1939-40, at and production purposes, promote A FEW PIECES OF BLAD WOOD. 0025 mentary questions. Mr. Stanley cording to
the report of the industries in the interior, and said that this tex Wag
not Reichs-Kreditgesellschart Ex-check Japan's economic encroach- described as Empire.
pected to reach 22 milliards-ments upon this country. (Transocean).
PHILIPPINE GOLD MINING
QUOTATIONS
Atoka
Batong Buhay Big Wedge Consol. Mines Itogons
Masbate Consol, Mine Operation,
United Paracale
Centavos.
19
401
23 104 14
North Camarines
Paracale Gummißuy
18
Ban Mauricio
90
Consol. Mines
14
Suyoc Consol,
12)
Mindanao
82
Itogons
231
IX. L.
44
PHILIPPINE GOLD MINING
Masbate Consol
10+
QUOTATIONS
Mine Operations
14
North Camarines
251
Wednesday, July 5, 1939
Paracale Cums
16
Centavos
San Mauricio
90.
Antamicks
19
Buybe Consol..
41
20
100 $65.25
Batong Buhay
Ipo Gold
17
500
13.70
Big Wedge
Market Comment, Quier
SHAREBRO.CERS'
ASSOCIATION
Volume of Business Transacted on Wednesday July 5, 1939.
and the Bank of Communications Star Ferries were 7d and 13 5/8 S. cents.
Cements
Atoks
012
19.
United Paracales
writer Tables, Teakwood and steel." Filing Cabinets, Glass Cabinets, Ornaments, Cutlery: Porcelain, The National Times" declares Glass Brass and E F. Ware, Elec- that the restrictions on the importį tric Table Fans and Lamps, in of non-necessaries are the most Wardrobe Trunks. Gramophones effective measures to reduce the and Records, Canvas Canoes, etc, outflow of capital. On the other etc. hand,
af
they tend to bacten.30 the China's capital for reconstructiori
The export exchange regula tions, the paper says, will greatly
piso
FURNITURE
and
On VIEW from THURSDAY,
the 6th JULY, 1939:
encourage China's exports as ex- One Upright Piano by "Brinsmead porters are paid a sum, more or
and 8on" The Shumchun Rural Welfare less resembling a subsidy, based j. › Centre is to hold a meeting at upon the difference between the Shumchun on Friday to observe omcial exchange rates and the the second. anniversary of the rates jointly announced from time outbreak of the Sino-Japanese to time by the Bank of China and hostilities. Invitations have been the Bank of Communications. sent to various local organiza- By specifying a certain place in tions to send representatives to the interior where merchants may the meeting. Advantage will also obtain foreign exchange, the be taken of the occasion to rules will also encourage the inspect the work being done and inflow of capital to the interior to encourage the field stan. provinces.
Terms: Cash on Delivery,
"
LAMMERT BROS,
AUCTIONEERS.
Directory &
of
Chronicle
China, Japan, Straits Settlements, Philippines, Indo-China, etc.
PUBLISHED YEARLY SINCE 1862
1939
·EDITION
ON SALE AT $12 A
COPY.
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