HONGKONG DAILY PRESS
Finance and Commerce
Anglo-U.S. Barter Plan
WAR EMERGENCY MEASURE
The United States us to SUDDIY Britain with 600.000 bales of cot- ton, valued at about £6,000,000, 'In exchange for about 80,000 tons of rubber under a barter agreement between the two countries signed In London on June 23
These stocks are intended solely as a reserve for war eracigency. If no such emergency arises, they will be held for at least seven
years.
There are safeguards against the use of these supplies for ordinary commercial purposes. Provision Is made for price determination of
WHEAT PRICE SETS NEW LOW RECORD
LONDON, fly 14 (BWS)-- When it fell to 3 shillings 72 pence per cental on the Liver- pool Market yesterday, wheat was at the lowest price record- ed in England since 1592, and below the law record reached in 1931.
The cause of the fall was officially stated to be the pros- pective Canadian surplus and the near record glut in Argen- tine.
U.S. May Increase
Duties On Cotton
£40,000 CUTLERY ORDER
SHEFFIELD KNIVES "FOR MILITIAMEN ··
FIRMS IN SHEFFIELD--- BRITAIN'S STEEL CITY”... have received orders from the War Ofos for £40,000
·worth of knives, forks and spoons with which, the new Militia Army will eat its. ra- tions.
This is a very big individual order, even for the Sheffield cutlery industry, and increases in the regular personnel of all three Services will have # further effect in the "domestic" output
city
hot commodities and for the Imports From Japan of acts which has recently been
representatives of the two Govern-
ments.
So far as cotton, is concerned, these operations will begin as soon as possible after the agreement comes into force and will be com- pleted within six months.
the
of everyone SHANGHAI, July 14. (Int')-The minds United States Treasury Depart-birthplace of immerse weapons of ment officials disclosed that they war.
Meanwhile, returning con- are considering the question as to
duties idence is having its effect on counter-valling whether
marksis for domestic should be imposed on imports of world Japanese cotton cloth, according to articles. a Washington report...
#
Sheffield expert said.
"The cutlery trade will be busy In order to avoid dislocation of
The US Government imposed froir. now until the end of the the rubber market, inspection and acceptance of rubber will com- extra duties on Itallan silk, with year with orders which are coming mence at a date to be agreed, the increased levies applying on in as a result of the British
Fair". research Britain will negotiate with the In-all goods from Italy made wholly Industries ternational. Rubber Regulation or partly of silk. They said this market Committee for the release of an imposition was required after in- "Supplies in many countries have from week, to amount of rubber equivalent to vestigation had disclosed that Italy been purchased
was subsidizing the export of silk week, and stocks are running low. that required for this transaction.
goods. They idded there was no The country which 13 able to -(Financial Times: Jurie 24).
political significance in the move. supply "an immediate demand on more settled This was the first new counter-the returning of valling duty applied since the times is in a favourable position. special 25 per cent levy was im-Having realised posed on German merchandise in advance, Sheffield manufacturers
have already begun to benefit.
THE RAUB AUSTRALIAN GOLD. MINING COMPANY LIMITED, The statement for quarter end-Aprit ed May 20, consisting of three four-weekly periods.
Battery
W
Tonnage of Ore raised, 14,632 tons,
EXPORTS CREDIT
GUARANTEE BILL
I is learned that a new Exports
No. of Ounces of Bullion pro-Credits Guarantee B1 is shortly duced, 4,162 ounces.
to be introduced into Parliament
No. of Ounces of Find Gold Re- to extend the availability of Bri- covered, 3.931 ounces.
Re-Treatment Plant
No. of Toms treated, 23,889 tons.
No. of Ounces of Bullion produc- ed, 2,339 ounces
covered, 1,885 ounces.
►
this fact in
U.S. FOREIGN EXCH - MARKET ACTIVITY
NEW YORK, July 14 (Reuter)- The foreign exchange on
the guilder was very active and ad- tish money for encouraging trade'
vanced sharply under speculative. with countries where political con- covering by those who sold re- ditions might otherwise made it difficult for credits to be granted,cently following the political set-
Largely, the money (£10,000,000) up in the Netherlands.
There was little business, how- already available under this pro-
FINANCE & GENERAL
印
H. K. STOCK
EXCHANGE
Just at presen: the turnover is not a true indication of the mar- ket There are enquiries for a number of our stocks, but buyers are naturally inclined to play on the lack of confidence, offering prices at which holders are not yet prepared to trade to any ̈ap- preciable extent. The ander sur face tone seems to point to the necessity of lowering the existing nominal quotations Before trading сап assume larger proportions. Were the nominal rates lowered to a level more in keeping with buy- ers ideas more business would ensue, With a sustained demand the market would soon find its pro- per, and in all possibility a higher level for, given the absence of poll- tical scares, the present year's en- couraging trading of most of our Local Companies does not warrant their quotations standing at low levels.
BUSINESS DONE DURING
THE WEEK
SATURDAY, JULY 15, 1939. -PAGE | L.
WHITE AND COLOURED CIMENT
MIXTURES.
FOR EXTERNAL AND INTERNAL
DECORATIVE "WORK.
We are now in a position to offer these well-known Associated Portland Cement Manufacturers products ready mixed with the proper proportion of specially prepared sand, This sand is uniform in colour and has been wasbed," and sieved to the correct degree of fiueness.
1
The extra cost of these mixturer is very small compared with the advantages of being able to obtain a material that is ready for use.
NO WASTE... UNIFORMITY IN COLOUR
Prices on application to
HK. Bank, $1340, $1350, $1360 GREEN ISLAND CEMENT
...
$1365, $1380.
Union Ina,, $415, $425,
Providents, $4.65, "$4.80. Lands, £35),
Lands Debentures par.
Tramways, $16.65, $18.55. $16.60,
$16.55.
Eelectrics, $511, $55.
Dairy Farms (0) $211.
Watsons, $81. $8.30, $8.35. $8.40,
$8.45,
BUYERS
Union Ins, $415.
HK Tramways, 916).
Cements, $12.60. Watsons, $3.40.
Wing On HK., $41.
ILK. Gort. 4% Loar 4% pm. EK. Govt 31% Loan par.
SELLERS
* HK. Bank, $1380. Canton Ins, $230. Union Ins., $429. H.K. Wharves, $108. Providents, $41. HK Docks, $17}, Humphreys $81.
China Lights (0), $8.35.
SALES
HK Bank, $1350/40. Providents, $4.40. China Lights (0) $8.20. Chima Lights (N). $5.20. Canton Ices, $1.10.
RATES
No. of Ounces, of Fine Göld re-cedure by legislation passed not ever, as offerings dried up in the SHANGHAI EXCHANGE
long ago has been used up in the face of the bidding.
were The franc and sterling Value of Gold from. all sources, credits to Rumania and China, £43,176 Sterling...
and in view of the negotiations lower, while bankers are studying Working Costs, £24,786 Sterling. now going on with Poland it is the latest statement of the Bank Capital Expenditure, £259 Ster-essential that the limit should be of England which showed that circulation " had jumped ling.
raised. Parliament will be asked currency Mine Profit for Quarter (subject shortly to raise it. (Liverpool to the highest since late in Decem- to Depreciation), £18,390 Sterling.' Post: June 29).
CHEFOO IN THE
Chefoo, the Chinese Treaty Port
ber 1938:
STAMP ALBUM
"
THE FRENCH POST OFFICE which contains a mine of
both the
A French Post Office was estab- formation on
in-
In the province of Shantung, which
regular lies due south of Port Arthur, and shed in Chefco during the year and local atues of China, makes guards the Straits of Pe-chl-li, 1898, French"
stamps overprint- exceedingly interesting reading in
• whence
British warships have ed "Chine" were used til 1902. these days of trouble in the hurried at the request of our Vice-when a definities series were Consul to guard British interests{ troduced.
closed our like Tientsin, has its niche in the on December 31, 1922. stamp album.
THE GERMAN POST OFFICE
Apart from the offices of the Im- perial, later the Republican Chi- mes. Post, separate offices have been maintained from time to time by the following powers:- Great Britain. France. Russia, and Japan.
The once Wis
in-East,
here.
Far trom It may be obtained publishers for the modest sum of 3s. 3d. 'post Tree.
On the subject of Chefoo, Dr. Cane says:-
Prior to October 6, 1893, when the Arst stamps were issued, the payment of postage was denoted by hand stamp. with the words
It was in 1895 that a German Post Office Wa'S opened ordinary "German stamps were wed till 1898, when they were Germany, superseded by specially overprint-Pald" or "To Pay," accompanied
ed stampa. This office was closed
THE BRITISH POST OFFICE
by a postmark containing "Che- during the Great War, in 1816. foo" at top and "Local Post." THE RUSSIAN POST OFFICE below, with the date between, There is a distinct possibility This office was opened on De- the postmark being enclosed that there was a British
Office In Chefoo during the 1880's, but there is no evidence of post-and Chinese marks to substantiate this:
in
in
single-lined frame Post cember 1, 1898, and closed, by an oval
agreement between the Russian black or blue.
governments. on Chefoo was the second of the November 28, 1920. During the treaty ports to establish a local
Was open,
Russian post.
this office did in fact exist, it period it was closed at some time prior to stamps overprinted "Khina" weit the opening of the twentieh cen-used, except for the short time tury, for in 1803 a Post Office was the office was open prior to 1899, opened, or re-opened if there the date of the issue of the over- really was an earlier office. by printed stamps, when ordinary
Russian stamps were used.
the British authorities.
THE JAPANESE » POST OFFICE
LOCAL COMMITTEE
A Committee of citizens, known,
as the "Chefoo Local Fost Com-
Being under the control of the Hongkong C.PO, the stamps of
A Japanese Post Office. was that colony were used here t
after or opened here at some time 1917, when the special issue Hongkong
overprinted 1896, when, by terms of the Treaty stamps
of Shimonoseki, permission was mittee, organized a local post ser- "China" were introduced. TWO types of postmark are known, given to Japan to open post offices both being of the "Double Circle" in China. Japanese atampa over-rice and entered into direct rela- type and both 28 mm. in diameter, printed with two syllable charactions with Shanghai and the other Treaty Ports. The stamps were ters, as well as ordinary Japanese obtained from Schleicher and The first bears the word "Che-stamps, have been used here,
Schull. of Duren, in Prussia and too" at the top and "Britisi P.O."This office was closed at the end were lithographed. Three issues below, thick curved bars separa- of 1922 when all the other office have been listed-1893, 1894 and ting the two inscription.... The
were suppressed. It is probable that 1896.
key letter Cappears over the date Japan has a military post office
In the second type of postmark, operation to-day, but details the position of the inscriptions is of this are lacking.
reversed. "British P.O.” being
at the top and "Chefoo" below.
THE LOCAL ISSUE
The design of the values from 1/2 cent to 10 cents illustrates what was called the Smoke Tower, built on a promontory of the opposite
In place of a key letter above the Special local stamps were issued side of the bay from the part and date, there is a short horizontal in Chetco, the best description from which signals were made by bar In anticipation of the of which interesting issues being beacon fires at night or a colum terms of the Washington Con- found in Dr. Leonard B. Cane's of smoke by day, while besides the ference the British Post Office in The Stamps of China," which tower is a mast for signalling pur- Chefoo was closed down on extract we reproduce below, This poses.
extensive and well-written work. Continued on Back Page November 30, 1922
J
Shanghai, July 14. The U.S. Dollars Rate for Spot is $12-25/32 and not $12- 23/32 as published on Page 13.-
CO., LTD.
Exchange Building, Hong Kong.
Tel. 21469.
H
可用耐油
PAINTS, ENAMELS.
VARNISHKE & SPRAV LACOLITRE
DURABLE 4 ECONOMICAL
MANFACTURTO OF
THE NATIONAL LACQUER & PAINT PRODUCTS CO. LTD.
KING'S ROAD, HONG KONG, TEL. 31601-2 品出司公限有油
SUMMER CLOTHES
Women's, Men's & Children's
WANTED URGENTLY
HONGKONG BENEVOLENT SOCIETY
Monday & Thursday
ICE HOUSE STREET
10 to 12 Noon,
BREWERY
NOINS
UB
友
UB
啤
MITED
ANGHAI
BEER
BEER AT ITS BEST
gents WR. LOXLEY & Co. (China); Ltd.
LAMMERTS AUCTIONS
PUBLIC AUCTION.
HE Undersigned have recalvec
Teatructions
to poll by
PUBLIC AUCTION
SATURDAY, the 15th JULY, 1939
Commencing at 11.00 ́s.m.
At their TEMPORARY SALES
ROOM.
No. 12. Des Voeux Road, Central tentrance from Lane, Crawford Lane)
A QUANTITY OF VALUABLE'
• OFFICE FURNITURE
Comprising:--
Stools.
Teakwood Desks, Typewriter
Brice ..Tables,
Chairs, Square and Round Tables, Celling Fans. Heaters, etc.. etc.
also
TEAKWOOD & GLASS PARTITIONS
and
8 Cases each 50 lbs. American Ice Cream Powder, Vanila Flavor
1 Mixing Machine
1 Grinding Machine'
TERMS: Cash on. Delivery.
LAMMERT BROS:
AUCTIONEERS.
PUBLIC AUCTION.
Undersigned have received
instructions
to sell by
PUBLIC AUCTION
TUESDAY, the 18th JULI, 183
Commencing at 10:30 am.
At No. 49, Kimberley Road (top-Boor) Kowloon,
A. QUANTITY OF VALUABLE HOUSEHOLD FURNITURE
On VIEW from MONDAY,
the 17th JULY, 1939.
Terms:----Cash on Delivery.
LAMMERT BROS. AUCTIONEERĖL
SERVICE TO READERS
THE HONG KONG DAILY PRESS, L
and the HONG KONG WEEKLY PRESS, through their London Office, at 58, FLEET STREET, E. C. 4. Tel- 8137, are prepared to give Subscribers and Visitors advice regarding accommoda tion available, motoring faci lities suitable shopping centres, etc.
If when at home, they will call or telephone to the above they ill receive the utmost 688 ce and the
all subje
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