...
HONGKONG DAILY PRESS
Finance and Commerce
ONLY A PRECAUTIONARY STEP
U.K. Holdings In U.S. Securities To Be Vested In British Treasury
I
LONDON, Feb. 19 (Renter)-The Treasury, on Saturday, an- nounced an order for transferring to themselves all holdings by ‹ United Kingdom residents in sixty specified securities market- able in New York,
It
Holders will be re-imbursed in sterling at the current New York price and the currency official exchange rate, plus accrued Interest to Mar, 4.
were made on the outbreak of war cerned. ··
avaliable are
Big Purchases
By Japan Of Scrap Iron
In America
NEW YORK (Havas by Mail-
Japan's purchases of scrap iron in to November 1939 were the largest in history, exceeding the total for the previous peak year of 1937, ac-
the United States from January
It is "recalled that arrangements securities of the companies con- cording to the official report of
the Department of for registration with the Bank of It is believed that the recent un-
Commerce. England of all United Kingdom certainty has been worse for the They reached, 1,808,742 gross tons, holdings in United States securi-United States market than the 1937 total and an increase of an increase of 26,096 tons over the ties and the present step alms at knowledge now given that the Testing a certain number of these British Treasury has a
518,931 tolls over the 1938 total, dennita securities in the British Treasury. long-range plan. Only a amali
There has been an acceleration proportion of the total securities in the rate of Japanese buying AIM OF ORDER
here since September 1 when war now requisitioned The aim of this is to ensure that
and the present Mat excludes broke out in Europe, the realisation of these securities several important market counters. during the months of September, purchases in the American market is orderly
PRECAUTIONARY STEP October and November totalling and that the total volume of such
The step in no way indicates 605,818 tons or an average of nearly sales from the United Kingdom, actual, or impending, exchange 202,000 tons a month, vested and non-vested, should con- shortage, but is a precautionary
Since 1934, when Japan's heavy tinue over a period of time, at step taken well in advance of any buying Arst began, the price of about the average of recent necessity. It private sales con-heavy steel scrap to the domestic tinue at the recent volume there consumer in the U. 8. A. has In addition to the present sixty may be no volume for official sales, increased from US$11.07 to US$17.- securities, further vesting orders though doubtless opportunities 67, according to the American Trop may be issued from time to time.
of profitable marketing will be and Steel Institute. taken. The requisitioning will probably have the effect of reduc- ing sales,
months.
NO FORCING OF SALES Reuter learns that there is no desire to force sales, The list re- presents a preliminary mobilisa-
It is pointed out that the British tion of certain securities with the authorities obviously desire to "ob- active market." In no case do the tain the best price possible and Becurities requisitioried form a big will not operate so as to weaken proportion of the total outstanding the market."
HONGKONG SHARE QUOTATIONS
STOCK KICHANGE
Boys Bellera
$1410
$485
1182
$100
$5.85
838
Salt
!!!!*!
A:
#1
44
SHAREBROKERS ASSOCIATION
Nominal MONDAY 19,
FEB.
Banks
H.K. Banks sometiment
£87
Do. (Col. Reg.)
£85
Do. (Lou. Mey.)
£9
Bayern Sellers
!!!!.94
Balen omlaati
$1420
C.D.
I.D.
£87
X.D.
£45
29
£31
£12
$78
60 ata.
FINANCE
30 YEARS IN KENYA CEYLON TRADER'S
EXPERIENCES
"Education in Kanya Colony. East Africa, has received a re impetas, in recent years. Schools are being opened rapidly and the Africans make very apt studenta They are ambitious and love! self-improvement. Many of them] are doing exceedingly well in public" said Mr. K L C.
ENGINEERING AWARD TO
WOMAN
Miss Ann Pellow, of St. Hugh's College, Oxfordi, the first woman student, to be awarded the Edgell sheppee scholarship in engineering science at Oxford University, is a niece of Viscount Exmouth."
TUESDAY, FEBRUARY 20, 1940. -PAGE 9
BOOK
A REFERENCE ON RAW MATERIALS
il
THE PROBLEM OF COMMERCIAL ACCESS TO RAW MATE- RIALS and foodstuffs has been given first polical importance of recent years. To the practically worldwide discussion of this question, League of Nations Economie Intelligence Service now offers a valuable contribution. by publishing a book of reference" showing where all the more important 'raw' materials and foodstuffs sie prodused throughout the world. So that she might take the This book is unique. It covers 128, production and the continental scholarship & special decree was products and ninety-five countries percentage distribution of primary passed in Congregation,
{ or areas. Its information is arrang-production Previously the award had beened in tables, which make' possible
Table I is a synoptic commodity cananed to men, but in view of quick compilation and comparison. Hist. It takes all commodities dealt Goonasena, a Ceylonese business obtained in study of the subject, primary production by continental and foodstuffs and indica:es for the success which Miss Pellew bad Table I gives the indices of world | with in the study on raw materials
thirty years in Kenya Colony and founder of the scholarship for it modides. It covers the years 1929-or areas in the order of their man, who has been trading for permission was obtained from the groups and main groups of com- each the chief producing countries who returned recently to Ceylon to be awarded to her. on a "holiday."
1938 and shows the index of importance. Thus, the source of The scholarship was founded by production of agricultural products, | 86% or more of world production of, "Kenya" he said, “is fast realising Mrs. Sheppee in memory of her non-agricultural products. her great indusarial possibilities of son, and shortly after her permissus, raw materials, cereals and can be seen at a glance.
food-all raw materials and; foodstuffs the future. Cattle raising too ission was obtained for this year's sugar, fodder crops, frult and being done on an extensive scale award she died..
Table III presents another very [vegetables, meat, coffee, tea and useful summary. Here the produc- and Kenya is now in a position to Lord Exmouth was readmitted to cocoa, oli material and oils, textile tion of each country concerned is export her surplus farm produce British nationality in 1931. He had abres, crude rubber, wood products, shown for the yeará 1935 and 1938, wheat and po:atoes are grown in 1923, but he was then an American metallic minerals. to neighbouring countries. Maize, succeeded already to the title in fuel and power, metals and non together with net, imports and net
exports large quantities and there is a citizen. During his residence in
in 1935, for mineral Production is shown for the fol- productg (mataille and non- ducts to Europe. Coffee is plentiful, a distinguished chemist. regular exportation of these pro-America he acquired a reputation lowing continental groups: Europe, metallic). wood products and textile. and
U.S.S.R., North America, Latin obres, oil materials and oils, cereala world including the U.S.S.R. and foodstuffs of animal origin. The America, Africa, Asia, Oceania, the other vegetable products, and
world excluding the U, S. 8. R. The tables are so arranged that the igures show indices of primary complete survey of production in all these commodities appears for each country on the open page.
vast quantities are being
«also grown with much profit.”
dumped on foreign markets. Ter is dull in comparison with the night life of any large town in Kenya," educated African is a splendid type
Mr. Goonasens added: "The remarked Mr. Goonasena, of person to associate with. He is polite, affable and has a deep sense of reverence for everything that is sacred."
The Indians" said," Mr. Goonasena do a great deal of business in Nairobi. They almost
FOOD MINISTRY control the piece goods" trade. By
SALARIES
In the House of Commons re- cently, Mr. Morrison, in reply to Mr. Levy (Cans.) and Mr. Harvey (Ind.), said about 11,700 persons bad been appointed to paid post- tions in the controls set up by the Ministry of Food, 9,000 being em- ployed full or part time in the offices of local food control com-" mittees,
The numbers of staff of each commodity control at the begin- ning of November, and the appro- ximate annual cost in salaries, ex- cluding staff whose pay had hot then been fired, were:
Animal feeding stuffs,
£18,824
41,
Bacon and ham, 375, £92.404:"
Butter and cheese, 178, £49,192: Canned fish, 16, £3,092;
Cereals and cereal production,
74. £16,692,
Condensed milk, 13. £4,368; Dried fruits, 43, £9,588;
statute Indians, are debarred from buying land up-country. The little they own in Nairobi and the suburbs is what was bequeathed to them by those who bought the land. before the new laws were enacted."
Price Movements Of Primary Commodities
The Monthly Balletin of Statistics, of the League of Nations Issued in December, contatos a new feature which is likely to be of considerable value as the war proceeds. This is a table which will, from now on, be kept up to date every month, showing ex- ports of certain raw materials and foodstuffa" by important pro- ducing countries.
T
This volume presents the most complete and handy survey yet produced or the relative importance of different countries as producers of any primary commodity and the contribution of each continent to the world production of different groups of raw materials and foodstuffs.
The preface to the volume indicates cases in which statistics have not been available or are
The table issued in December; British coal, nitrate of soda (Ant-complete. NUMBER OF GERMANS
shows that the" price movements werp), wheat, maize and butter There are quite „a number of of raw materials and foodstuffs | (Copenhagen).
varied Germans in Kenya, and according | have
widely m recent
to Mr. Goonasena a healthy trade months. Almost all prices rose in existed before the war, between September," The prices of linseed Kenya and Germany.
(Buenos Aires), zinc (New York),
41
|
Bridsh
BASED ON RESEARCH The compilations are based on TEXTILES RISE
research published by the Economic Intelligence Bervice in the Among raw materials, textiles
Statistical Year-Book of the League bave risen most in price since at Nations and other unpublished The average African is wonder- gasolin (Gulf porta), lard and September, jute by nearly 75
documents prepared by that fully strong and athletic. He is a pork (Chicago) and raw sugar per cent, despite a fall during the service, as well as the International first weeks of December, Egyptian Year Book of Agricultural Statistics lover of games and takes (New York) were lower in the mid- naturally to them. In Kenys, the dle of December than in Septem-cotton by 49 per cent, and Amer and the Mineral Industry of the
can cotton by 18 per cent. The
and Empire
Foreign popular games are cricket, hockey ber. and football. Tennis is played by a The New York quotations for price of wool in London (controll- Countries,
It is to be observed. thai few while golf is played chiefly by wool, rubber and tin have also fal-ed) has been allowed to rise by the Europeans who have laid out len, while the London quotations 20 per cent, since September, while the purpose of this volume has been several magnificent courses.
for the same products have risen. Wool in New York has dropped by to show sources of supply and not and quite a number or traveling petroleum
There is no dearth of theatres Linseed off (Amsterdam), crude 6-7 per cent. The price of Arken- the distribution or commodities tine wool has fallen by 14 per cent from the district in which they are Among foodstuffs, wheat prices produced. For distribution of crude African native living in his mand York and London). mution (Lon-in Chicago and Winnipeg have products, the reader should consult what is as familiar with the names don> and cocoa, coffee and tea risen by some 15 per cent. since a companion volume entitled of Clark Gable. Charlie Chaplin. (New York and London) have September, while Calcage prices International Trade in" Certain and Mac West, as any educated scarcely changed in price.
for lard and park have dropped by Raw Materials and Foodstuffs by town-dweller,
..
(New York), copper talkies tour the country. The London), nickel and lead (New
A clear rise in prices is to be 20 per cent. and 30 per cent, and Countries of Origin and Consump- "You will be surprised to hear noted, however as regards cotton, the New York prices for raw sugar tion, which was published late last that the night life in Colombo is jute, raw silk and rayon, Shellac, | by 20 per cent.
$465
*
90 cta
$185
$100
***
Imported eggs, 17, £8,918;
#10
Fish, 91, £21,632;
$100
Meat and livestock, 167, £70,980:
$120
Cls and fats, 223, £36,764;
74/44
$7.30
Potatoes, 290, £65,488;
Bugar, 58, £22,204;
Tea, 48, £12,064.
This makes a total staff of 1,634,
an-
SHOE CO.LTD
!!!!
#22.10)
:
Chartered Books .....
F31 Marcantile Bku. "A" 12 Mercantile Eka, "0" $78 Bank of Bars Asin .......
N. C. & B. Banks ...
Insurances.
Canton InverRABORE
Union IncMOUS
| Underwriter
H.I. Fir
Shipping
Douglass vasemmalla
$101 Bimboss
$100 Indo-Chinos - (Prof.)
$90 |Indo-Chinas (Del.).....
73/0
Shalla
Waterbonie
Docks, Wharves,
Godowns, etc.
$212
$109 HK. & E. Wharven $101
$4.60 Providen
Providente | [Dew]
$4.60
H.K. & W. Dooks....... | #99
Do. ()unction
$328 Shanghai Decks
1291 New Engineering) 3.
18/0 Kailan
$10 Raube
Mining
Vanernola Gold Fide 31 cts, Hong Kong Miner
Lands, Hotels and Buildings
$37)/ 38...
€17.55
H.K. Hotels am H.K. Lands ......... 1100 Do. 4% Debanderes $20 Shanghai Lande . §.
H.K. Boni
$71 Humphreya
8101 Chines Extains,
Cotton Mills
$364 Ewo (8)
#170 B'hal Cottons (15.)
$44 Zoong Bings (8.) $48 Wing On Tertiles (8.)
Public Utilities
Tramways...
$8 Pak Trame (old)
$4 Peak Trama (new) ---
Star Ferries
I'mati Ferries
China Lighia (0),
++
$100
"
$8
t
ID. $64
$4
$25
Do. (new)
$7.90
China Lights (New)
$4,90
| China Lights Rts.
H.K. Electrics...
523
$26.75
#!!!
year.
$99/ 22.10
$330
$30-
#10 #11
18/0
$31
$6.65 $5,76
$38
$27.76/38
100.
with £430,768 salary costs nually.
M.P.S COMMITTEE TO CHECK WASTE
The names of the Economy Committee which is to inquire into public expenditure have now been published. They are:
Mr. Ammon, Sir Charles Barrie. Sir Ernest Bennett Mr. Bassom, Mr. Brooke, Lady Davidson. Mr Ede, Mr. Alfred Edwards, Sir Geof- 4.60frey Els, Sir Ralph Glyn, Str XD. #71
Percy Harris, Mr. Hely-Butchin- son. Mr. Higgs, Sir William "Jo-
#362
$179
$44
TH
HONGKONG SUPPLIES ALL
KINDS OF FOOTWEAR
wist, Sir Charles MacAndrew, Bir Her EYES Won Hum
Adam Maitland, Sir Assheton Pow-
náll, Mr. Pym, Bir George. Schu- ster, Sir John Shute, Mr. Silkin,
Sir John Wardlaw-Milne. Slr
$17.55 D. Harold. Webbe, Mr. Graham White, Miss Wilkinson, Bir Her- bert Williams, Mr. Woodburn, and Sir Robert Young.
***
As usual with Select Committ tecs, they will have power to send for persons, papers and records. They may sit when Parliament is
CLEAR.MILKY WHITE. LUSTROUS|| THOUSANDS CLEAR EYES. „In Secunda... How Lowy Way FTE reddened or prominently veined by lata
le hour or ever-indulgene- thousands of girle now dar them in secunde. With new schuldo ży2- OENE,
• And what a difmunion when white are CORE İ soother tired arm lika magę. Batlas sala. Get EYE GERE 14 any drug or department store,="ja
not sitting, and may adjournaling while! Moony back Litfalm. Retrow from place to place.
During the last war. similar
19.70 body event went to France to see EYE-GENE
31/0
for themselves where expenditure might be saved in munitions,
equipment and organisation.
H.K. STOCK
EXCHANGE
**Monday, Feb. 19
$19 20
$99.10 $91.10 $7.10
$261
Macao Electrics an
$114 Bandakan Lights.* Telephones (old), «****
#9 70 Telephones (DSW)
18/6 Tractiona
19/9 Tractions' (prof.) as
Industrials
$14.90 Cald., Mang. (Ord.) 8. $12 Cald., Macg., (Frať.) 8.
#19.10]/20
1. Canton Low
Camande
35.85 Bop
"Miscellaneous
Dairy Farm (Old)...
$1
||$19,20]
$22.10
Dairy Farm (New)
$21.20
Ch. B'ainmache
$7.10
Constructions (old)
$1.85
87
Constructions・・ (new)
$7
Lee Crawforda m
30.45
A
Nanyang Tobsɑno '........... 1851
$1.80 Binoerera
Wataoca
50% Ch G.5% -1924) #Bd»,
38
HK. Bank, $1.410. :
$9.40
Douglases, $100,
Lands, $371,
3100
E. Gori. $% Loans
$95
H.K. Gori. 14%; Loss,
41
H.K. Wing One
B'hai Wing On
14/0
4/0
Marsmane Inv. (H.K.)
100%
Ching Lights (Old), $7.90;
96%
-141.
Dairy Farms (New $21.15.
$10
#8Vibro Piling
Marumana Inv, (Lon.)
31 Wm. Powalls passe
$9,10
SALES
The market ruled very quiet and the turnover was negligible.
BUYERS:
Entertainments, $7.
Tands, $38/381
China, Lights (Old); $8: Aug
Dairy Farms (Old), $22.40
Obtainable at ell leading Drag & Department Stores Sole Distributors:
UNITED TRADERS Hong Kong.
HONGKONG
SHAREBROKERS
ASSOCIATION
Volume Of Business Transacted
Hongkong Daily Press CLASSIFIED ADVERTISEMENTS
Jimmy's
BUTTERICK LADIES TAILOR.
Winter Sale
Ready made Overcoat and Dresses made to order. No. 16 Wyndham St. Tel. 23615.
We have in Stock and for Sale Great Varieties of used
and unused"...
POSTAGE STAMPS in sets, bags, packets, single, and in approval books for collections also
Flower & Vegetable Seeds
GRACA & CO. Dealers in Postage Stamps, Religious Goods, Garden Seeds, Toys, etc., etc. No. 10, WYNDHAM STREET. "25.40 | PC. Box No, 620. HONG KONG
6.00
Established: 1896.7%
2009.40
T on Monday, Feb, 19, 1940, China Lights (0) 100$8:00 Dairy Farms (0)...
Ropes Watsons
200
500
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 conventences. Apply proprietress, 103, Austin Road. Phone 50233 and 34, Granville Road. Phone 59433.
LADIES AND GENTS. TAILORS
SUMMER
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' TAILORŠ
No. 30, Nathan Rozd, Kowloon,
YOU CAN NOW BAT:-
HOTELS
Telephone No. 56846.
RUSSIAN FOOD COOKED IN THE
RUSSIAN WAY
TABLE D'HOTE-$1.00 - "ALSO, A LA CARTE AT THE
METROPOLE HOTEL"
1940 ZENITH 'NEW-¡ MODELS Just.,arrived: NO AERIAL NO GROUND, Just plug in and play. CHUEN YEE HONG
54 Des Voeux Road
ENGRAVERS
FEI FEI & CO. Photo Engravers
18, Cochrane Street. Telephone No. 22224”
TEA DANCE DAILY
`5 TO 7.30 P.M. MUSIC BY THE METROPOLE
SWING BAND
Telephone 24311.
GREATEST CAMELOTION OF BARGAINS IN TOWN!
],
i
$241
$7.00
$4.95
#67
$20
***
PAL
$26.60
#4