1939-10-04

HONGKONG 'DAILY PRESS

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Finance and Commerce

GERMANY SHORT EXPORT OF GOODS FROM

OF IRON ORE

Drop In Production Forecast

AUSTRALIA: LATEST

PARIS, Oct 3 (Router)- ̈ The Financial Editor of the newspaper "Paris Midi" fore- casts a two-thirds drop in "Germany's Iron are produc-

tion.

Germany normally purchases "about 22,000,0000 tons of iron

ore annually. Last

year she of consumed $3,000,000 tons, which only" one-third home produced.

WAS

SERIOUS POSITION Even with supplies from Polish

of about mines

1,000,000

REGULATIONS

The Australian Government Trade Commissioner in China has received a telegram from the Commonwealth Government of Aus- tralia relating to the new regulations which have come into force "since Sept. 23 in connexion with the export of goods from Austrália..

The telegram is as follows:- As from September 25, Customs Overscaä Exchange Regulations prohibit the exportation of all goods except under licence. Con trol of proceeds from the sale of Australian produce abroad will be exercised through the Common- wealth Bank and all proceeds will be placed at the disposal of the Bank.

A permit to export issued pursuant to some other Act or Regulation will not exempt the exporter from the obligallon to obtain a licence under Customs Overseas

tions.

Exchange Regula -

The Regulation's do not apply at present, to ships stores and goods solely for use or consumption in Commonwealth territories.

SPECIAL LICENCES

No goods other than those tons, specially exempted may be ex- which are said to be of poor grade, ported, unless the exporter ob- Provision has been made in the her position will be no better tains a licence from the Depart-Regulations for the granting of for she has got large supplies in ment of Trade and Customs The special licences to operate in res- the past from Sweden, Luxem-conditions require that the licensee pect of all shipments of particular the period bourg, Spain, Switzerland, New-shall deliver the shipping docu- commodities within foundland and Norway and the ments together with bills of ex- covered by the licence. Special British blockade has, killed most change and other documents to cences will be granted only to re-

the Commonwealth Bank or to gular frequent exporters and Furthermore, the German agents of the Commonwealth less otherwise determined special Licences will be required to draw attacks on Swedish ships continue Bank.

all shipping documents in the name It is possible that Swedish ship-

of or to the order of the Common- ments will end.

wealth Bank or its agents.

of that

FINANCE BILL PASSED

LONDON, Oct. 3 (Reuter) -The House of Commons' passed the Second Reading of the Finance, Bill without

division.

Un-

The provisions of the Regu- lations relating to ordinary licences are designed to cover Individual transactions of those exporters not holders of specläl Hcences.

BANKS AS AGENTS Trading banks will be appointed as agents. Upon receipt of net proceeds of sale of goods exported under the licence, the Bank will pay to the licensee the equivalent amount in Australian currency. Granting of licence under these regulations will not relieve the A Customs preclamation, put exporter from the pecessity of shed in the Commonwealth Ga complying with the provisions off zette of Sept. 20, prohibits the ex- any other acts or regulations re-portation of hides and skins un- lating to export of goods.

less the consent in writing of the | Minister" has first been obtained.

WHEAT CONTROL

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE,

Bayars Bellera Bades Nominal

$1200

£78

!!!!

SHAREBKOKIZU" ASSOCIATION

"TUESDAY 3.

OCT.

Bank:

H.K. Backs

Do. (Col. Reg.) Do. (Lob. Bog:) ... 16Chartered Banks..... £204 Mercantile BA 210 Marcantile Bks. "C" $72

Bank of East Asia ... N. C. & B. Banks ...

"Insurances

8900 Canton Insurances $365 Union Insurances

Wheat is being taken over by the Commonwealth Government which has appointed a Board to control the scheme. The "Board will have a Wheat Committee in Buyers Beliern Sales Nomia each state working in accordance with the directions of the Board. Licensed agents. will be appointed whe will be the only persons to whom growers will be able to de- Hiver wheat and all trading will be done through nem.

$1200

£72

£92 £101 872

(50 cta.

#12

Underwrijern

$165

H.X. Fle

LAST 81 8366 3185

Shipping

387

Douglass

$87

$12

Steamboata

815

$60

Indo-Chines

(Prof.)

850

Indo-China (Def.)...

$20

Shells

89/6

$30

89/6

$3.95

$17

$19.88

$8.10 Waterboats,

Docks, Wharves,

Godowns, etc.

$100 | H.K. & K. Wharves $100

Providents

Providente LOW)

HE. &W. Dooka... $17).

Da. (new)

$120 Shanghai Docks. B.

$74 ||Now "Engineerings: 8.

Kailana

Rauha

Mining

[Venezuela' Gold Fida

6 cta, Hong Kong Hines ...

par

Lands, Hotels and

Buildings

ELE Lands

Do. 4% Debentures.

8. Shanghai Lands 8.

B.K. Baltics

Humphreya .......

$100 Chinese, Estates

Cotton Mill.

Kwa (8.)

$157. S'ha Coltons "(5.)

142 Zoong Bings (5.)... 1484 Wing On Textiles (8.)

Public Utilities

Tramways,

17:40 Peak Trams (old)

$30

#164

$154

$60

$13.00

$131

$7.40

HRT:

$71

122

Star Ferries

Macao Electrics

Sandakan Lights.....

Talapboas (old) ....

State Committees..will supervise and control the detalls of the scheme within the States.

So far Western Australia is the only State in which wheat has been acquire by the Common wealth Government. Normal trade ing can be continued in other States up to November 1. after which it is anticipated that con- ditions will alter in accordance with the policy of the Board....

Peace Bids Effect Trade

NEW YORK, Oct. 3 (Reuter European currencies slipped, down, walle sterling and the franc were

8108 88.36 steady.

16/3

$10

***

$41

$301

98/.

$4 $7.90

$10

$110. $40

Foreign Exchange dealers point-

ed out that the rumours of peace

FINANCE

WEDNESDAY OCTOBER 4, 1939. -PAGE

Hongkong Daily Press CLASSIFIED

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