N
HONGKONG DAILY PRESS
Finance and Commerce
Finance Of Allies Improved
STRAITS TIN RESTRICTION REMOVED
LONDON, Dec. 10 (Reuter)—The
LENDING FUNDS SHORTAGE NOW
FINANCE
MONDAY, DECEMBER 11, 1939. -PAGE
Expenditure WEEKLY RETURNS AND REPORTS
Exceeded Revenue In September
H
The Colony's monthly expendi- ture exceeded the revenue during
September, according to Govern- ment Gazette figures issued on Saturday, revenue totalling $3,605,-
BANK OF ENGLAND
Pabllo Deposits Other Deposita:~-
Bankers
Other Accounts Total
London, Dec. 7 (Reuter),
Nov. 30
Dec. 7
&
+
STOP
27,830
47,140
103,500
40,390
88,290 99,820
143,090
136,110
Government
ment Securities
109,830
114,830
Securities:
Discount & Advances
4.630
5,400
22.310
Securities
23,380 28,760
52.800
47,470
1,350
1,350
STOMACH PAIN!
528, 660
693,890
30.72%
27.40%
168/-
168/-
Other
Total
Notes-and Cofres
Total Bullion
Notes in circulation
Kat'o of Reserve to Ilahilities
Price of Gold at which holdings are valued
REMEDIED LONDON, Dec, 10 (Rteater) The LONDON, Dec. 9 (Reuter)—The Colonial Office announces that the money market experienced a fem-
294 and expenditure $3,384,135. 50 per cent, rise in British exports, Governor of the Straits Settle-porary shortage of lending funds in November means a further ad-ments has cancelled the order during the major part of the week.
As a result there was a decreass dition to the strangth of the Allied "made on Sept. 18 proscribing a The shortage was due to the lack
In the balance of asseta over financial position, which is already maximum price for tin in that are in abilities from 316,676,350 at the Colony. The cancellation is effec-to the market's reluctance take up very strong.
end of August to 315,986,508 at the bills offered in early September. The nominal value of Britain's tive forthwith.
Supplies Supply has
Sre
The $27,871.142 represents about; Charitable Services $149,723, which now, however, end of September. The Ministry of foreign, Colonial and Dominion.
Despite this, however, the total three-quarters of the total esti increased by over $100,000: Defence securities is estimated by Colin issued the Control of Tin (No. 2 coming forward more freely, again Clark at £3,500,000,000.
Order, dated December 8 1939, re- ending in favour of borrowers.
month exceeded mated expenditure for the entire (including the Hongkong Volun- Discount broker obtained
teer Defence Corps, the Hongkong 57 that for the same month of last year. The market value is. estirnated by voking, with effect from December the "Economist"
of their requirements of year by almost $200,000, and to As well over 11, the Control of Tin (No. 1 percent, £1,000,000,000, which is equivalent Order of October 17,
Treasury Bills at an average, of date the aggregate revenue for the in value to the sum raised by the
£1. 4.
6. compared with last year. up to the end of September, mobilisation of investments in the
week's rate of £1, 3. 10.
exceeds that for the corresponding Wall Street closed steady.
period of 1938 by over $3,000,000. last war.
The value of France's foreign securities at par is estimated by Rist and Schwob at about £1,250,- 000,000.
The latter order fred
the maximum price on the basis of £230 per ton for standard tin, and the new order removes this restric- tion,
FIRST QUARTER QUOTA LONDON, Dec. 9 (Reuter)-The The October bulletin of the International Tin Committee's de- National City Bank of New York cision to fix the first quarter quota. puts British gold holdings at home at 120 per cent. was reached after and abroad U.S.$2,200.000.000 consultation with those delegations
at and French gold holdings at U.S.(unable to be present #t the
$3,025,000,000.
"The Round.. Table"
meeting.
estimates
that the gold and easily mobilisable STOCKHOLM NOT
foreign investments of both coun- tries to amount to between U.S. $7,500,000,000 and V.S.$10,000,000,-
000.
STEADY NAZI DECLINE Compare this with Germany, whose reserves of gold and foreign exchange, even after the seizure of the assets of the Austrian and Czech national
banks,
CLOSED PORT:
NEW STANDARD
salmon
PRICES
in
New standard prices for pow- dered milk, both for infant feeding and domestic use, and for tinned are announced the Government Gazette on Saturday the new prices becoming effective immediately. and in some cases substitute the prices fixed on
(Reuter) | December 1. LONDON, Dec. 10 The report that Stockholm has 'been closed to shipping is now stated to be untrue. The Swedish Minister in London today stated that the port is open as usual.
were steadily
the
deteriorating since estimated at U.S.$250,000,000 at the war as a result of the progressive most, and whose position has been decline of exports..
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE
Buyers Seifer
Nomina
SHAREBROKERS' ASSOCIATION ·
SATURDAY 9.
Видеть Sallure
DEC.
2811
+683
4
$1330 13:0!
Banks
H.K. Banks
Do.. Cel. Sep.)
Do. (Loo. Reg.)
20 Chartered Banks £29) Mercantile Bis. "*" £11 Mercantile Bka. "0"
Hank of Eori Asia ...
N. C. & B. Banks Insurances #
Cacton Lostramon
$71
#910 $390
$220
$71
$11
4770
$40
.:
1
iii:
Union Insuranoss
Underwriters'
(Prof.)
$200 $390-
#1
$180
$4 30 | $4.40; $4,30
งา
$190 H.K. Fires con
Shipping
Douglass respondenči
Steambogia
Indo-Chines
Indo-Chinas (Del.)....
79/4) Sholls
$8.10 Waterboste
Docks, Wharves,
fiodowns, etc.
$ION H.K. & K. Wharvos
Providents
H.K. & W. Docks... $18.00
Do. (200) «
$199 Shanghai Docks B... $17.50 Naw Engineerings
Mining
$4 Venaela Gold Tide
4 cta Hong Kang Min ...
$19
$10
$4.65 $485 833
$4.30
8100
: 3
A
$33
Providents (DSW)
18/8 Kailas
Raabe
H.K. Landa
$100 Do. 4% Debentures
#
1:
$1330
£841
£291
£111
[50 cta
The following are the new prices:
POWDERED MILK Sodified for infant feeding) Cow and Gate, Full Cream, 2 lbs. $4.90 per tin.: Cow and Gate, Ell cream. 1 lb. $2,54; Cow and Gate. Half Cream, 2 lbs. $4.63; Cow and Gate, Half Cream, 1 lb. $2.05; Glaxo, 2 lbs. $4.47: Glaxo, 1 ib. $2.41; Lactogen, 3 18s. $6.40; Lacto- gen, 2 lbs. $4.50; Lactogen, 1 lb. $2.30: Lactogen.lb. $1.23; Nesto- gen. Full Cream or Half Cream, 1 bl. $2.30.
FOR DOMESTIC USE Anchor Full Cream. 25 lbs. $24; Anchor Full Cream, 5 lbs. $6.95; Anchor Full Cream. 2 lbs. $3.85; Anchor Full Cream, 1 lb. $1.65.
TINNED SALMON
S. and W. Finest Red Salmon. Flat tins, 94 cents per tin,
-
$72 SWEDISH GERMAN
TRADE TALKS TO RESUME
#70
**B50
$20
79/41
$8
#101
$4.28
$1.25/30
STOCKHOLM, Dec. 10 (Reuter)
-The trade and economic nego- Flations between Sweden and Germany, which were broken fr on November 14, are to be resumed in Berlin on Monday,
H. K. STOCK EXCHANGE
The customary Saturday feeling $185 pervaded the market and busines $17,8c recorded, beyond a line of Hotels and another of Docks was on the 18/6 small side
$10.30
21
BUYERS
HK Bank, $1330.
Bank of East Asia, $17.
Union Ins, $395.
Douglases, $71,
Docks, $18
revenue for the
13
COM-
'Bisurated` Magnesia
TO STOP INDIGESTION
in to remove the cause of the trouble excess stomach acid. "Recent medical research and X-ray
experiments proved that"
Chief revenue items for Septem-Naval Defence Force and A.R.P.) ber were: Duties $015,696, which which totalled $335.118
Harbour Department was $117,000 in excess of the 1938 pared with $25,113 in September Laure: Licences and internal re-last year; venue $896,113, which was an in- and Air Services, which aggre- compared with By the end of September re- crease
of $183,415: Post Once gated $123,425 venue amounted to 6/7ths of the $230,426 which was up by nearly $21,592; Medical Department which THE QUICKEST WAY total estimated revenue for the $30,000; Rent of Government pro-absorbed $208.183, an increase of Pensions which took year, being marked at $30,295,416.perty, land and houses $85,005, $24.150
EXPENDITURE HEAVY which was over $40,000 more than $238,666 as compared with $213.- 832: Police Force which required On the expenditure alde, how-jin 1938.
$292,331 as against $269.883, -and abig advance ever, there was
Chiat decreases were shown in Stores Department, which necessi
Kowloon - Canton Railway. during September as compared the with the 1538 ngures. Government which sank from $235.082 In 1938 tated an outlay of $267,418, an spent $854,000 more this year than to $49,957 this year and in Land item which did not appear in the
September expenditure of 1998. last, and up to the end of Septem-Sales, which fell from $144,698 to
There were reductions in ex- ber the year's expenditure amount- | $88,353. ed to $27,871,142, which was just
perses on Pablle Works, Kowloon DEFENCE OUTLAY
and Canton Railway, and a few short of $2.000.000 more than in 1938.
Main expenditure items were: other minor heads.
SHOE CO.LTD
HONGKONG SUPPLIES ALL
KINDS OF
FOOTWEAR
N
Hongkong Daily Press CLASSIFIED ADVERTISEMENTS
LADIES AND GENTS, TAILORS
RELIABLE TAILORING
ད
Large assortment of Guaranteed English Material and Gents Neckties, Shirts, Socks and Collars just ar- rived. Available at reasonable prices. Full satisfaction Guaranteed.
THE JUBILEE SILK STORE Specialists in Gents' Wear, Suits, Bhirts, Pyjamas and Underwear.
31 Nathan Road, Kowloon.
Corner Peking Road.
THE MOST RELIABLE LIQUID INSECTICIDE
GEE, IT'S SWELL
NOT TO BE BOTHERED WITH '
FLIES WHILE WE EAT!
THAT'S BECAUSE
1 SPRAYED WITH FLY-TOX USE ST. BEFORE EVERY MEAL {NOW
DEMAND THE GENUINE WA
FLY-TOX
Lands, Hotels and
Buildings
H.E. Hotels
$4.85
$33)
100
Providents, $4.30.
#1080 Shangha Lands 8.
Raubs, $104.
B.K. Realice .................
$4.40
H. &. 8. Hotels, $4.65
THE
$7.90
Lands, $33.
Hamphreys, $7.65.
$254
Realties, $4.30
$162
Chinese Estates, $100,
$42
Tramways, 16.30.
$100
Yaumati Ferries, $23).
China Lights (Old), $770,
"
•
Electrics, $51Ł.
$8
Sandakan Lights, $lij.'
Star Ferries
8646
Telephone (Old), $24
Y'mati Ferries
#281
Telephone (New), $
Do. (new)
Cements, $15.35,
China Lights (0)
$7.65
China Lights (New)
24.70
$1.76
China Lighta Rta.
$611
$42
41
Zoong Bings (8.)
$16.30 $18 $18.30
$71 Humphreys
Chinese Estaban con
Cotton Milla
$25 (0) Ewo (8.)
1162 8'hal. Cotton (15.)
$48 Wing On Textiles (8.).
Public Utilities
Tramways
Peak Trazza told)
34 Pak Tramu (new)
266
$7.85
***
$8
and
EX
$511
...
$11 $24
HK. Electrice ........
$18 Macao Electrios
**
Sandakan Lighta
Telephones (old) Talaphones · (new) .........
18/3 Tractions
Tractions (prat)
Industrials
18/8
Ropes, $5.20
Dairy Farms (Old), $201.
Dairy Farms (New), $19), Watsons, $8.35,
Entertainments, $8.30.
Constructions, $11.
SELLERS
HK. Bank, $1350.
Obtainable at all leading Drug and Department Stores Sole Distributors UNITED TRADERS BONG KONG
HONGKONG
SHAREBROKERS:
ASSOCIATION
Volume Of Business Transacted On Saturday, Dec. 9, 1939. Raubs
500 $10.25 600 4.75. 14 4.70 19.10 5,000 PB.0.14
China Light (N).
China Light, (N)
H.K. Docks
Buyocs.
18/9
Canton Ins. $220
$14,00
Cald., Macg. (Ord.) 8.
$16.35 85.20
$18
15.25/140..
Cald., Macg. (Fref.) 8.)
Providents, $4.40,
$1
H & 8, Hotels, $4.85
$157
Tramways, $163.
Suyocs
Rope
$5 15
Watsons, $8.60.
$201
$20/80
B201
HK Govt 31% Loan. 971⁄2'
B194
$10
$0.30
Docks, $18.
Providenta $4.35.
$8.35 $8.80.
Canton Loer gemaa
Camacho
Miscellaneona
Dairy Farm (Old)
Dairy Farin (New).
Ch. E'isinments ******
Constructione
$8.95 (c) $1.76
Constructions (new)
Lace Crawfords Nanyang Tobacco ....
47%. |CK. G.5% 19966 #Bds.
#1
$1.75-
]Wabsone
$100 B.. GTI. 4% LORDE
$97897
H.K.'Gort. % Loss
$41
H.K. Wing On a
[8′hat Wing. On span
#&*
Vibro Pillag
#8)
14/0
|| Maramana Inv. (Lam.)
4/0
iulis i
Marumano Inv. (H.K.) ¡Wm. Powells Misemone *Sales to Shangha
SALES
H. &. S. Hotels, $4.67%.
Dary Farms (Old), $20.40.
MANAILA GOLD SHARES
200
8,000 P&.0.131
NAZIS PUBLIC DEBT RISES
10
(Reuter)-- LONDON, Dec. Official figures issued in Berlin today disclose that Germany's pub- lic debt in August and September The increased by £226,000,000: total of the public debt of the Nazis is now over £3,000,000,000.
$8.36
Atoks 18b, Antamoks 151s, Baguio 47*1. 100% Gold 168, Batong Buhay 01106. 91%
Elg Benguet. Consol, unquoted, #1 Weize 21th, Coco Grove 178, Consol. #10
Mines 0025b, Demonstrations-0818, East Mindanao 06. LI. L. 418, 1639, Paracale Gummaus 181b, 8an Ipo Gold 2735, Itogons 205, Mam Mauricio sis, ex, diy, Surigao Com. bulas 101b, Masbater 02, Mine 17a, Suyoc Con 13+b, Byndicate Inv. Operation 108, North Camarines 0206, United Paracale 31.
Telephone No. 50451
Jimmy's
AUCTIONEERS
GREATEST COLLECTION OF BARGAESS IN TOWN;
:.:
LAMMERT S- AUCTION ROOM Langnert Bhother. 2. Com rught
Pad Control. Telephone No. 20224
ENGRAVERS
FEI FEI & CO. Photo Engravers 18, Cochrane. Street. Telephone No. 22224,
BUTTERICK LADIES TAILOR
SUMMER
Bisurated Magnesia contains the quickest-acting and most effective Antacid and stomach correctives
known to, medical science.
Also obtainable in large econo- mical bottles from all Chemists and Stores.
MARBLE HALL
(and Annexe Private Hotel), 34. Granville and 103, Austin Roads, Kowloon, tennis courts. Beautiful garden. Rooms and suites, with private bathrooms, All modern conveniences. Apply proprietress, 103, Austin Road. Phone 50233 and 34 Granville Road. Phone 59433.
DRESSES, DAY & EVENING HATS, BAGS & BEACH TOGS
"at very moderate prices. Call on us and let us demonstrate to you THE SHANGHAI SUN FAT COMPANY.
EXPERT LADIES' TAILORS
No. 30. Nathan Road, Kowloon.
FIRST-CLASS
Telephone No. 50846.
SHANGHAI LADIES' TAILORS
Large Selection of Ready Made Ladies' Fur Coats, Winter Costumes and Overcoats always in stock at reasonable prices.
Alterations undertaken on Ladies' Furs and Foxes.
LONG KEE
31 NATHAN ROAD
Corner Peking Road.
THOMPSON
LADIES
Ji
38,
Ready made Costumes, overcoats, and evening dresses made to ordez. No. 18 Wyndham St. Tel.
23615.
BEAUTIFY YOUR HOME.
"
. Flowers beautify and make the Home attractive as nothing else can do.
FOR SALE FINE SELECTION OF GARDEN SEEDS
from BUTTON & SONS, Reading, ARTHUR YATES & CO., LTD., Sydney.
GRACA & CO. Dealers In Flower and Vegetable Beeds, Philatelie Goods, Toys, Etc.
No. 10, WYNDHAM STREET, [P.O. Box No. 620, HONG KONG
Tel. 30451
TAILOR
MODERN DRESS
CHEAP SALE
NATHAN ROAD, KOWLOON.
HOTELS
METROPOLE HOTEL Central, Clean, Comfortable. All modern conveniences. All rooms with Private Bath. Mo- derate Daily, or Monthly rates. Fully licenced. Tea Dance Daily. Latest Swing Band. 5-730 pm. Tel. 24425.
RADIO SERVICE
For prompt and emelent service in radio repairs, and paz- chases of "ZENITH" long distance radios for 1939, always call at
EASTERN RADIO SERVICE LABORATORY. Kowloon, Hongkong.
228 Nathan Road.
FOR XMAS & NEW YEAR
GIVE A ZENITH /.1944 :: MODEL
58313 ALLWAVE SET..
$99.50
GUARANTEE TO RECEIVE. LONDON. PARIS, MOSCOW &c. DIREATE. CHUEN YEE HONG
54 Des Voeux ́Road 0.
Telephone 24311