1940-01-01

...

HONGKONG DAILY PRESS

Finance and Commerce

Speeding Up India's Trade

MORE INDUSTRIAL ACTIVITY

NEW YORK, Dec. 13 (Havas by “Airmail)-One effect of the Euro- pean War will be to speed the pace of the Industrialisation of India, the Indian Government Trade Commissioner to the United States, Sirdar Hardit Singh Malik, said at a dinner of the India cham- ber of Commerce of America.

BRITISH AIRCRAFT

Progress In Vital Industry

| While the interest in British aircraft „must centre round the might of our Royal Air Force, the story of the enormous progress in the aircraft industry would not be complete without reference to the great striden in civil aviation Immediately pelor to the present' war.

The biggest peace-time development in British aircraft was, due to begin when the war interrupted plans on an Empire air route round the world.

While Britain was quietly but efficiently building up the air armada, so soon to be called into service, many interesting developments were taking shape in the civil field.'

the

FINANCE

HONGKONG

SHAREBROKERS

ASSOCIATION

Volume Of Business Transacted

on Saturday, Dec. 30, 1959,

Cements

HK, Trams

H.K. Docka

100 817.23 100 17.15

500

WTH MONDAY, JANUARY 1, 1940. -PAGE 9

SILK AND COTTON

INDUSTRIES IN' JAPAN ANXIOUS

SHANGHAI, Lec. 29 (Int'l)—Con.

siderable, anxiety is prevalent fr

and cotton Industries in Japan 20.28 over the American indifference to renew the trade treaty, which is scheduled to expire in seventeen more days, according to a Tokyo report

U.S. EXPORTS TO

FAR EAST

WASHINGTON, Dec. 12 (Havas Technically the lapse of the By Airmail)-United States exports treaty will produce the following of iron and steel to the Far East three serious effects: declined during October and those (1) Representatives of Japanese to Europe, especially to the United firms in the United States must Kindgam, increased corresponding-leave or be deported;

ly, according to official figures re- North and South Atlantic. It

(2) Japanese goods imported to leased by the Department of Com- the United States on Japanese ves- would also play a great part in merce. Aggregate exports were seis maist pay 10 per cent, adva- accelerating both European and

up totalling 255,081 tons, as Empire

gom lorem surtax besides the regular services by long-stagepared to 244.933 tons in Septem- tariff; flights.

ber.

The October value was $16,835,- "(3) All Japanese ships must pay 795 and the September value was one American dollar tax a ton. If $15.581,546. The figures for Octo- the same. ship calls at more than ber 1938 were 201,473 tons valued one port, it must pay $1 a ton at at $11,483,580.

each port, 2. The United Kingdom took 29 These regulations are worrying per cent of the total, importing business interests particularly ship. It is or 21 per cent of the total in uncertain what would be the post- october took 49,607 tons as against today, as they will reach New York September. The Far East during❘tion of Japanese ships sailing from

89.743 tons the previous month. after the expiration of the treaty.

INCREASED PURCHASES

The Commissioner said this

It is in the R. A. F. However. dustrialisation would not reduce

THE FLAMINGO.

that one finds the real trümph but, on the contrary, increase In-

of British skill, ingenuity, and For example, alongside dia's purchases in the world mar-

perseverance. All the more so ket, and he urged intensincation Wellington bomber, with its ser-

when it is realised in how short of efforts by American manufac- vice range at 3,240 miles, there

a time this formildable forta har turers to place their goods with was completed this year

grown up from the puny though Flamingo a medium-sized, all- Indian buyers.

not negligible nucleus of only few 74,632 tons as compared to 51,879 Ping circles in Yokohama. metal land plane with a speed of His thesis, was borne out by 1 report of the Department of Com-over 200 miles an hour,

For although at the end, of the merce issued in Washington which Another new aircraft, in ap- Great War this country led the predicted a spurt in Indian In-earance strangely like that in world in first-line air strength of dustrial activity because war condi-Things to Come," is the gigantie military alrerat by 1023 tions have shut off many. former all-metal Fairey monoplane, built Force had been reduced to only

to give a regular speed of over 10 Home squadrons. sources of certain vita: materials.

230 miles an hour.

Then there is the long-range land plane, capable of 240 miles an hour, built by Short Bros.. of Rochester,

PRESSURE CABIN

EXPANSION PREDICTED Expansion was predicted. In the domestic sugar. cement. timber. leather, and steel industries. War needs of the Empire at the same time will lead to expansion of the cotton, jute, mining, engineering With a pressure cabin designed shipping, shipbuilding and wool to take passengers in comfori manufacturing Industries, public through the sub-stratosphere at utilities. chemicals, leather, iron 270 miles an hour, envisages long and steel, the report said.

flying hops to be made across the

HONGKONG SHARE QUOTATIONS

BTOCK EXCHANGE

SHAREBROKERS ASSOCIATION

Buyers Sejara Bala Nomical SATURDAY 30.

$200 8425

་་

#13

3714

$100

$80

་་

#12

e0/0

$101

ཐར་ཉ།47488]

$20,20

€4.30

DEC.

Shipping

Buyer Bewa

20/201

Banko

$134 H.K. Banks

£84 Do. (Col. Reg.) --- £811

Do. (Lon. Reg.) ...

- 83" | Chartered Banki ......

*291 Mercantile Bka. “A” P11 Marcactils Bk. "0"

$78

Bank of East Asia –

N. C. & B, Banks

Insurances

Canton InwTFSMÖRI

Valon InesTIDORE ...

| Underwriters

$185 H.K. Firs

Douglass reinca

Shanbonts

Indo-Chin

(Prof.)

Indo-China (Del.)... $125

Shalla

Waterboals

Docks, Wharves, Godowns, etc.

H.K. & K. Wbarven Providenta

Providenta (new)

H.K. & W. Docks...

Do, (Dear)

#214 Shanghai Docks B... $16.80 New Engineerings B.

17/8 Kailan

$1.10 Barb

Mining

$4 Venezuela Gold Fide

4 cta, Hong Kong Min

Lands, Hotels and

Buildings

H.K. Holalı,

H.K. Lande personnalis

3100 Do. 4. Debentures $112 Shanghai Lands

H.K. Rosition

88 Humphrey me $101 Chinese Estates

Cotton Mill

Ewo (6.)

3158 S'hat Cottons (8.)

$42 Zoong Bings (B.)

$43 Wing On Textiles (9.)

Public Utilities

Pank Trams jold)

37.40

$28

Do. (new)

China

!!!

⠀⠀⠀!!!

years agne

our

It was not until 1923 that the first expansion programme was drawn up on a long-term and,' compared with these times, leisure- ly basis of reconstruction. By 1934 the R. A F. numbered 87 squadrons including those in the Fleet Air Arm and overseus.

SCHEMES SUBMERGED

In 1938 all preceeding schemes were submerged in a gigantic de- cision to equip a greatly augment- ed first-line Force with entirely new and far more powerful types of military aircraft, backed by full scale of reserves.

At this stage, too, it was decided to mobilise the war potential of Sales Botiaat our industry, so as to be ready to supply and maintain the huge out- put needed in time of war.

= |

$1350 £84 E81

ES! £291 £118 $78

The extent of the expansion is all the more amazing in view of the complete change that has re- cently occurred in aircraft design.

The old biplane of wood has given way to the new monoplane 50 eta of stressed skin metall construc- tion, with an all-round higher performance involving such com- plexities as flaps. retractable under-carriages and variable pitch aliscrews,

#229

$425

$185

2719

$11 8100

B010

PRECISION WORK

All this "implies the importance of precision in the manufacture of all accessories and equipment Firms such as Addle Bradbury and Cull, of Southampton, which have specialised in the production of component parts for British air- craft, have had to alth at the [819,90 | very · highest standards of em-

ciency. 8105 $19.80

8107

$4/4.35..

$33.0

17/8

$10

It is not always realised what a vital part the makers of ma chine tools have played in the smooth efficiency of British air expansion.

The all-metal planes of today. consisting of hundreds of intricate parts, rely for their efficiency upon 34:95 the laying down of accurate Lgs.

which govern most of the opera 100%

tions Machine tools of me king $4.40 or another are wanted at every stage-such as drills, centre and capstan lathes, milling machines and grinders,

Sheet-metal workers with their specialised knowledge and $46perience of panel beating, press- inys." stampings, and welding "in steel, aluminium and alloys, are being called into the aircraft busi- Dess in ever-increasing numbers.

8281

$162 $42

1814.95

$17,10 | 817,40

Testaways

-JA

Peak Trame (DW)

$98

Star Ferries

+++

867

$231

$233

071

$7.70 $7.70

.87,00

€7,58

84.85

253

ՏԱՋ

$11.10

8241

I'mati Ferrio

Lights (0)

#4.80 China Lights (New)

China Lights Rte.

H.K. Electrjós

$18 Macao Bisotrien

Sandakan Lights .........

Telephone (old)

Telephones (new)

18/2 Tractions

H.K. STOCK EXCHANGE

Good trading was reported dur ing the morning, particularly in Docks. The market closed steady.

$241

18/3

18/9 Tractions (pret.)

Industrials

$14.00 Cald., Macg. (Ord.) B.

$13

Cald., Macg. (Fruf.) 8.

Canton Loss unme

317.20

$17/17.10.

Rope

188 90/9

Cementa

Miscellaneous

Dairy Farm (Old) Dairy Farm (New) Ch. É'tainmanta Constraction

(Constructions

Lane Crawforde

$1 $16.70

444

$214

$20

BUYERS Wharves, $101,

Providents, $4.52)

Lands, $33.

Star Ferries, $88

Yaumati FTTIES. $231.

Sandakan Lights, $11.10.

· Dairy Farms (Old), $203 Constructions (Old), $13

SELLERS

Tramways, $17.40

(old) (Daw)

$71

LAD

Ropes, $0.20.

Tob4000 ****

Watsons, 391

SALES

$8.80

Docks, $20/201

100%

Providents, $4.55.

87%

#41

$10

$1.80 Binceres Watsons 48

Ch. · G.5% 1925G #Bds. #101 H.K, Gort, 4% Loans

· 1971 (H.K. Gori. 81% Loan

4/0

HE Wing On-

What Wing Of

Vibra Piling

Marzmans Käy, (Lon)

Marsmane Lav. (HK)

Wm. Powells

Balog

to: Shangkat

起身

Lands. $33

Tramways, $174/17.10/

China Lights (Old), $7.70/,85

Telephines. (Old), $24.

Ropes, $6,

Dairy Farms (Old), $217 Watsons, 39.10.

SHOE CO. LTD.

HONGKONG SUPPLIES ALL

KINDS OF FOOTWEAR

SAY

Gordon's

...and know what you're drinking/

GORDON'S

DRY GIN

DISTILLERY, LONDON.

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