1940-03-04

HONGKONG DAILY PRESS

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE

Bayere Seora

$1425

$297

!!!!!!

$480

$185

$110

سماعة

SHAREBROKERS' ASSOCIATION

Eurare Baller Safe Noralna]

Notaal SATURDAY 2.

$1438/40

£91)

144

1063

£9 1/16

MAR.

Banks

H.K. Banks

Do. (Col Reg.)

Do. (Lön. Reg.)

Chartered Banks ***** 131) Mercantile Blu, "A" £12 Mercantile Bhi "C"

www.

$77 Bank of East Ala

ÎN. C. & 15. Bạnks ... Insurances

(Canton InsurKNOWS AN

(Union InsuraDOSS

Underwriters

$78

50 ats.

$225 $485

190 ct.

B.I. Fires

117

$185

Shipping

זי

Douglass reveale

$110

414

$10 Steamboa

$104

$100 Indo-Chinas

$100

$90

Indo-Chinna (Del.).....

$190

81/10) Shella

81/101

twe

Waterboats

$7.40

***

Docks, Wharves,

103) $5.10

$13.80

31 cta

5/5.05

Godowns, etc.

H.K. & E. Wharves❘ $103-| Providente

Proridante (new).....

$22/23.10 H.E. & W. Dooks...

Do. (1)

342 Shanghal Dooks B... New Engineerings fl.

$5.10

123

$5.05

$22 40/23.15

$441

Mining

18/0 KailanO

18/-

$10

Raabe

210

ខ

Vanezuela Gold Fide

Hong Kong Mom.. Lands, Hotels and

#39

#72

$5.70

$30

Buildings

H.K. Hotals ******* H.E. Lands........ $100 Do. 4% Debenture

17 Shanghai Lands B 36 H.K. Roalting .....

Humphreys

$101 Chinese Erialas

Cotton Mills

842 E. (8.)

$170 B'bai Cottons (5.) ...

$85 Zoong Sings (8.)

$184 Wing On Textiles (8.)

$6.00 $0.70

!!! !!!

2911 £90 £9 1/16

£31 £12

#30.

B100

#423 #178

365

$18.10/18 -

$4 1671 $97

FINANCE

Finance and Commerce

Italian Coal For Germany

ALLIED BLOCKADE ILLEGAL?

ROME, Mar. 2 (Havas)—In the View of

the Italian prest the Allied decision to impose a block-

SUBSTANTIAL GAINS

Manufacturers Life Insurance Company's

Report

France's Gold Stocks

NEW AGREEMENT WITH TREASURY

PARIS, Mar. 2 (Havas)—The agreement between the Treasury

The Directory of the Mann and the Bank of France is pub ade on German coal to Italy bfacturers Life Insurance Company lished in the official Gazette. actually illegal, as they are not

REAPPRAISAL report mbstantial gains in buší-

It provides: Firstly, reappraisal entitled to confiscate these ship- nem in force, income and assets of the Bank of France's gold ments because only 25 per cent at the Afty-third annual meet- of the value is German; the coal! is excavated by Halians paid for) and maintained by Italy.

DELIVERIES · UNAFFECTED Actually, the decision will not affect Italian coal deliveries to any considerable extent. since two-thirds of 1; comes overland,

Apart from this, coal can be purchased from France, Britain and the United States.

tag.

amounted to £11,534.310.

stocks:

Secondly,

MONDAY, MARCH 4, 1940. --PAGE

Farmers' Bank Loans Over $100 Million Since War

More than $100,000,000 has been loaned out by the Farmers" Bank of Chins for the welfare and prosperity of rural com- munities, since the war.

Of the total, more than half was invested in financing and in establishing rural cooperatives and transportation societies in interior China The Farmers' Bank was instrumental, in organizing many such marketing, supplying and transportation societies in- areas where the movement has not yet been fully developed. One of the immediate effects of the work was to help boost the price of agricultural products and to reduce the cos; of industrial commodities for the farmers.

the

With the organisation of these, satisfactorily proven themselves in co-operative societies, the next need of money to purchase farm activity of the Farmers' Bank was implements, oxen and seeds or to to establish a number of rural co- spend on storage and transporta- operative banks. Thus a financial tion, may apply for the loans. State will mutual aid ne work the "

will be SATISFACTORY GAIN

Meanwhile, the bank has paid repay to the Bank of France all established in the farming dis considerable attention. to Business in force Increased loans the latter granted to the tricts. It is the alm of the bank to promotion of new farming £121,286,254, a very satisfactory State prior to the outbreak of induce surplus capital from the methods. Problems like the selec gain of £3,564,521. New business, war;

big cities to come to the rural ton of seeds, she improvement of Including Deferred Annuities, Thirdly, the Bank of France will communities where sure and safe fertilizers, the prevention of pests

Total hand over to the Treasury part Investment can be made. The in-

and insects, the introduction of income was £7.206.151, an in of its gold reserves, receiving introduction of the new financial new implements, the building of crease of £74,013 over the

negowable car-exchange

Treasury system will automatically drive irrigation

systems, and the responding, figure for 1938. Pay- bonds:

away all loan-sharks in

development of agricultural ments to policy-holders and to Fourthly, total advances to be villages. In their stead, toans with and fishing towns, have received Benedclarles totalled £3,484,574, granted to the State by the Bank moderate interest rates will be wide support from the bank. To ROME, Mar. 2 (Havas)-A total of which £2,654.689 was paid to of France will amount to 20,000-made available to peasants engag-date. credits amounting to $18.- uf 14.234 million Ure has so far living policy holders and £829,885 000,000 francs.

ing in productive enterprises,

400,000 have been extended for been subscribed to the 5% 9-year to beneficiaries in death claims.

More than 200 hsten (district) this work alone.-C. I. C Treasury Bonds issue of the Tn Assets" increased by £2,144.- LONDON, Mar. 2 (Havas)—Total have already established such co- Italian Governmens, according to 638 during the year and amount amount applied for in tenders for operative banks with a report submitted to Duce by ed to £36.536,021. After making 55,000,000 Treastry Bills

W83 capitalization of over $38,000,000. | the Minister of Finance and the provision for

rate all abilities, in- £103,230 000. Average

per The bank hopes that Chinese Governor of the Bank of Igaly.

cluding Policy and Annuity Recent, for Bills at three months was farmers themselves will eventually This figure does not include reserves of £30,730,590, an amount 20/4-18d against 2015. 74d turns from more distant bran-ot £211,119 was added to

the Week ago. ches of the banks. The final Contingency Reserve and Surplus, Agures will be available on Tues- bringing the Contingency Re- day next.

serve to £616.438 and the Sur- plus to £967.656...

BOND ISSUE

BRITISH CONTROL ROTTERDAM, Mar. 3 (Reuter -The four Italian colliers, with cargoes of German coal, which left at daybreak returned yesterday. It is believed the Italians hope to obtain mission for all colliers now to pass the British con;rol.

H.K. STOCK EXCHANGE

that

WELL-EQUIPPED

South

TREASURY BILLS

SERICULTURE" IN YUNNAN

total

aown, administer and enjoy the benefits of these financial institu- tions.

LOANS EXTENDED

Trade Marks (Emergency) Ordinance

The draft Bill of an Ordinance to make such special provision.

Due to the lack of granaries, KUNMING, Mär 2 (Central)-——A

farmers were often compelled to 1,000-mow sericultural station will The Chief Office for

undersell their foodsuffs during China is situated in Shell House, established at Fumin, northwest bumper years. To remedy this, the with respect to trade marks as is. here Hongkong, under the manager of Kunming in accordance with Farmers Bank, extends loans to expedient to meet any emergency ship of Mr. E. J. R. Mitchell. The three-year plan of the Yunnan the co-operatives, which, in turn, which may arise as a result of war per-South China

Branch 1s

Provincial Government for the well here

lends the money to the farmers for is published in the Government development of the silk Industry

Gazette. equipped to deal with all mo-

building

granaries with their in the province. dern requirements such as (1)

Silk filatures will also be set up 32,600,000 has been involved in this the

products as security. More than This Ordinance may be cited as Annuities · Guaranteed, Joint.

Trade Marks (Emergency) soon to turn out slik goods. The activity which has spread from Ordinance, 1940: and otherwise: (2) Retirement Farmers Bank of China will pro-

Income Policies; (3 8pecial po-

ance.

licies. designed to give a living in-ide the necessary financial assist come for widows until the chil-

Cotton, tea and hemp industries arc self-supporting; (4)

For a Saturday morning the dren

Ave to eight provinces.

market was quite bright, closing Continuous Monthly Income Po-will also be developed in the pro- for extending farm mortgage loans enemy vince.

with a steady undertone,

BUYERS

Canton Ins. $227į. Union Ins, $480, Fires Ins. $TRS... Douglases, 3110 Wharyes, $103).

Tramways, $18.15

China Lights (Old), $8.60,

To rehabilitate the farming

է.

The object of this Bill, it is ex- A sum of $1,200,000 was specially plained, is to suspend the trade appropriated by the bank in 1939 mark rights in Hongkong of an or any enemy subject in the provinces of Shensi, Hunan, where it is. dificult ΟΙ im- licies for wife or widow: (5)

Szechwan, Klangst and Honan In practicable to describe an article Children's Education Policies; (8)

Income order to prevent a price slump due or substance without the use of In policies to provide Redemption of Mortgage Policies;

rather than a lump sum (7) Special policies for Estate former being a far more destrable

theca bumper crops.

such trade mark,

The effect of the Bill" is to Duties; (8 Special policies to provide cash for outstanding settlement in these days of capi-population from the occupied and enable persons desiring to trade obligations; (9) Business and

war areas, the bank has loaned in products formerly protected Partnership insurance, to

The Company's representatives $8,000,000 to develop many border by trade marks registered in the enemies or enemy date deceased of retiring partner's in South China are Mesars. P. E regions in interior China where names of

Baskett, V... E. Ferrier (Canton), these refugee-farmers may settle subjects to obtain 3 licence J. C. M. Grenham. J. J. Guterres, down. The bank has invested suspending the rights of such H. A. Lammert, F. J. Noronha another $10,000,000 in the form of enemies and enemy subjects for The above are only some ex-(Macao), P. E. Pogodi, Tang wartime farm production loans. All such period ag will enable the new ample to meet modern require- Yee, Kan, C. R. W. Thomson refugees, farmers, cooperative and product to become known on the ments. The Company specialises (Swatow).

interests.

MORE DESIRABLE

-tal.

liqui-

mutual ald societies, having local market.

$100

Publie Wilities

$18 $18.40 $18.10/18

Tramway

818.20

Peak Trame fold)...

Peak Trains (now)

$88

Star Ferriss

$27

...

Y'mati Ferri

Do. (now)

-38.60

$8.60

Chins Light (0)

女

China Lights New)

$8.60/75 $5

China Lights Rta.

$68/68.15 H.K. Electrics.

$69

$22

Macao Mookies ...... Bandakan Lights

$29.80 $301

#294/ 291 ... Telephonse (old)

$293

$11.95

Telephones (new)

19:6 Trmations .......

19/9 Tractions (proč.)

Industrials

$14.80 Cald., Macg. (Ord.) 8.

221-

$20,10

iti!

$9.60

$9.70

Canton Ioes an

$20/ 20.20 Capsat

$6.10 Rop

Miscellaneous

823.60 Dairy Farm (Old)

$22.00 Dairy Farm (New)

87.4 Ch. Bainmente

812

Constructions (old)

$1 Constructions (Dew)

Lane Crawford

81.80 Biscarss

Watsons

......

50%. Ch. G.3% 18960 Bd.

$1년

Cald., Macg. (Fref.) £

H.K, Bank $1425,

$19.90/20.2C

$234

$32

$7.40

Docks, $22.80.

$1.85

Providents, $5 10"

Mines HK. 31 cts.

Nanyang Tobacco ***

831

Lands, $387.

Humphreys, $73..

29.65

$9.70

841 H.K. Wing Os

$100 H.K. Gort. 4% Loans

895) H.K. Gort. 31% Lond

S'hal Wing "On

$10

781

Vibro Piling

14/9

Maramans Inv. (H.K.}

100

China Lights (New, $5)

98%

#41

89.10

Marsmana Iar. (Lou.)

Wm. Powells.

#Balas to Shanghai

สา

Sandakan Lights, $11.

Telephones New). $11.85. Cements, $20.10..

"SELLERS

HK. Bank, $1450, Lands, $391.

Tramways.- $18.40

SALES

H.K. Bank, $1445.

Docks, $23.

Providents, $5.174.

Lands, $39,

LONDON STOCK EXCHANGE

(REUTER'S SERVICE)

London, March 1. The following quotations are the middle prices at the close of the market in London. All quotations are subject to confirmation and no responsibility is assumed for errors In transmission.

9.2

(bearer)

Chosen Corporation ...... Pekin Syndicate Shai Elec. Constr, Co.

Chinese Estates, $105.

6/6

Tramways. $18.

1/8

China Lights (Old), $8.

China Lights (New), $5.40.

S'hal Waterworks "A" 134 Union Insurance

28 Gula Kalumpong Rubber 22/8 Allied Ironfounders ...... 14 Asso. & Mec. Industries 42/10 Austin Motors, ord.

17 Cable & Wireless, New

Form, ord,

104/4/ 12

Telephones (Old), $297/29.80, Cerfients, $20.20,

Watsons, $91/9.70.

MÁNILA GOLD SHARES Atoks 18 b. Antamok 15 s. Bagule Gold 21 b. Batong Buhay 011 b, Big Wedge" 201 b, Coco Grove 134 s. Con. Mines 0035 s. Demonstration 13a, East Min- danao 10 s, IX. L. 36 b, Ipo Gold 10 3, Itogon Mining 28 b. Man- bulau Cen. 013 b, Masbate Con. Ob, Mindanao Motherlode 101 b, Mine Operation 10 b, North Cam- arines 10 b, Paracale Gummatis ob

b. San Mauricio 21. b. Surigao Con.

SHOE CO.LTD.

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