FINANCE
Finance and Commerce
$1470
$20,000,000 U.S. LOAN TO CHINA
£98
EOS
£92
£ait
£19
$77
HONGKONG DAILY PRESS
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGR
Варка Bellers Balm Nomina?
#2271 $480
::
SHAREBROKERS ARSOCIATION
FRIDAY 8. BOSVID Sellers Salon Wins!
$1470 ELK
£93
£42
£9
MAR.
Banks
Bankerdem
Do. (Col. Bag.) ...
Do. (Lon. Reg.) ...
Chartered Banks ...
31 Marcantila Bka. "AW £121 Mercantile Bha. "0" $77 Bank of East Asin .......
N. C. & B. Banks ... Insurances
Canton Insuranes ... Unico Insursnots pl Underwriters
1 HI Firs
Shipplag
$186
$115
$101
Douglass
Steamboats
190
80/7
Shella
མ་བས་
*
#227)
$480
$300 90 cta
$185
$115
#103
{Prof.)
$100
01.20
:
80/7
$102
$5.10 Providenta
Providente (saw) ...
Do. (new)
$39
$100 Indo-Chinna
Indo-China (Del.)...
Waterboats...................
Docks, Wharves,
Godowns, etc.
$7.40
H.K. & K. Wharron | #103]}
$4.80
$22 H., & W. Dooks... $22)
--t-P--
Shanghai Docks B
New Engineerings 6.
1
Mining
18
Kailans
$10
Bands
i i
$1 Vanezuels Gold Fide
4 cta Hong Kong Min ..
Lands, Hotels and
Baildings
85.70 H.E. Hotali
838
H.K. Landı .....&.
$100 Do. 4%. Debuadores
$15.40 Bhangbai Lands &
85- |H.XZ Banfiem
$71 Humphreys
$105 Chinese Existen
Cotton Mills
842) Ewo. (8.)
#170 6h Cotton (B.)...
$05
Zoong Sings (8.)
||
345 Wing On Textiles (8.) | "$100
"
Public Utilities
50 ata
103
$4.90
$92.76/.26..
$39
18/3
$101
$34
251
€38)
། ི
:
፧፧
$100
$8
#394 $179
166
WASHINGTON, Mar. & Export and
(Reuter)-The
Import Bank announces that the Trustees have approved of the loan of $20,000,000 to China to finance non-military exports. Loans of $10,000,000 and $1,000,000 have been sp- proved for Denmark and Ice- land respectively.
It is understood that the United States
may take part payment for the loan in the form of shipments of tin from Yunnan Province.
H.K. STOCK EXCHANGE
41
SHIPPING REQUISITION POLICY EXTENSION
·
In continuation of the statement which he made in the House of Commons on Dec 5, Sir John Gilmour, the Minister of Shipping, has announced that," in the Interests of the emcient conduct of the war, he has extended the policy of re- quisitioning of shipping,
The Government ly satisfied that the regular execution of shipping programmes, which is essential for the eficient con- duct of the war, will be most effectivly secured by bringing shipping under full control.
ACTION TAKEN
Kingdom after the scheme comes into operation. (The scheme will no extend to vessels on
the Dominion, Indian registers),
Kingdom.
or" Burnia
·
CERTAIN FEATURES
He discussed with the deputa- tion the actual date upon which to bring this scheme of liner re- Action was taken at the begin-quisitioning, into general operation ning of December to requisition February next with dates to be and decided upon the 1st of for full cargoes of cereals impor ed on account of the Ministry of elsewhere than to the United agreed for vessels trading. Food or the North Atlantic route, and the same system is now being Last week has been followed by applied to the shipment of all fuli one of dullness coupled with an cargoes of cereals. ollseeds and Sir John Qumour emphasised easing off of prices, and the vo- sugar upon Government account, certain features of the liner re- lume also has materially decreas- It is also being applied to the car-quisitioning scheme, which follows Somewhile back trading in riage of iron ore and certain other closely that adopted with marked March "futures" was indulged in, essential metal cargoes as part of success in the war of 1914-1918, and for no very apparent reasons a general application of requist- and particularly those whereby the the bulls have become tired, and tion to all tramp shipping.
companies themselves will COM- are now in the process of liquidat-
tinue to manage and operate the Ing. When this has been accom- plished, present indications are that prices will steady and regain most of the ground lost this past week.
ed.
ut
BUSINESS DONE DURING
THE WEEK
SATURDAY, MARCH 9. 1940, -PAGE 9
EVERYBODY'S
Favourite
BLAKAA
**
"BLACK&WHITE"
NO TWO WAYS ABOUT IT: IT'S THE SCOTCH.
Under the usual form of charter. ships as though they were carry- WEEKLY RETURNS AND REPORTS
such
the owner remaing-responsible for ing on their own business, subject providing the crew and for the upkeep of a requisitioned vessel. instructions as to the cargo to be
only to compilance with Sir John Gilmour is most anxious also to utilise to the full the ex-grammes to be adopted as
carried and the routeing pro-.. perience. of owners, whose
the knowledge of their ships and how and it necessary to give,
Minister may from time to time
H.K. Bank, $1438, $1440, $1443, they can best be operated is
$1480, $1485, $1470.,
Steamboats, $101.
of
The companies will maintain the greatest value. Arrangements their organisations at home and j will, therefore. be made to 25 abroad for the purpose of carrying soclate owners SO far as is Providents, $5., $5.05, $5.17. $5.20. practicable with the employment to the Minister for all voyage re- out the scheme and will account
Docks, $224, $23.10. $23.
$18
#18.10)
Tramways
$8
Peak Trame (old) ...
Hotels. $5.70.
$4
Peak Tram {NOW}
397
Star Ferriss
$67
Lands, $39, $38.80, $38.
$27
$67 60
Y'ati Farries"
Do. (new)
•
$8.45 China Lights (0)
25.55 China Lights New)
Chins Lights Rta.
**
H.K. Klectricn
$22 Macao Electrios
Sandakan Lights
$29.50 Telephouse (c) 811
C.D. 21/9
Telephone (DSW) Trsations
23/0Tmotions · (pasť)
Industrials
814.90 Cald., Macg. (Ord.) 8.
#97
Humphreys, $8.
China Estates, $105.
38.20 $5.25
Tramways, $18.10. $18†.
$18.10.
140
#67.60
Star Ferries, $87.
$291
China Lights (0), $8,60,
$3.60, $8.45.
#11
20/-
Yaumati Ferries, $27.
་
1
of their vessels.
ceipts and expenditure, the profis Inside the Ministry of Shipping, or losses on the the organisation provides for two undertaken being treated as on Voyages special branches, staffed by ex- Government account. He expressed $1815. perlenced shipowners who have his intention of pursuing at the earliest possible date negotiations with owners as to the conditions accorded for the ships requisition- or charter and rates of hire to be
ed.
$84.
been at their posts since the out- break of war, to deal with ques- facilitate the turn-round of ship tions of ship management and to
ping in ports. The staff of these departments will be suitably strengthened as more ships come Electrics, $68.. $68.15. $68., $673 under the direct control of the
$67.60. Telephones
China Lights (N), $5.40 $5.55,
$51.
(0), $291. $291.
$29.80. Telephones (N), $114. a Cementa, $20. $20.20 $20.30, 20.40, $20, $19.80, $19.70, $19.60. Dairy Farms "(0), $23; $223. Dairy Farma (N), $22.
Watsons, $9.70, 591.. 59.70. $94. H.K. Mines 4 cts.
Govt. 31% Loan, 951.
12
Cald., Macg: (Fref.) 5. |
$1
Canton Ione
$19,60 Camente
$19
$8.10 Bop
$221
822
FINANCIRANEANTATED
MiscellaneoELS
Dairy Farm (Old)
.893
$7.40
Dairy Farm (New)
10.
$22
811
Ch. 'inmarja.... Constructions! (old)
$7.40
$1.85
$1 Const notioves
$71
Lane Crawforde
#1.80 Binourow
Nanyang Tobacco
BUYERS
કો
Watsons
$9.40 $0.80 $0.80
51. Ch. G.5% 19250 $86).
50%
++
HK. Bank, $1455. Docks, $22.10.
$100 H.E. Govt. 1% Loss
100
$954 H.K. Gort. 1% Loan
9512
$41
H.K. Wing Om
B'hal Wing On
$10
281
Vibro Piling
$9.10
14/9
Marsmane lav. (Lon.)
Maramana Inv. (H.K.)
$1
SELLERS Providents, $5.20.
SALES
Star Ferries, $66. Telephones (0), $28 Watsons," $9.40.
Ministry.
SAME REASONS
same
Sir John Gilmour said that the reasons which had been found to have compelling force in favour of this policy in the las: * IMPORTANT EXTENSION
war actuated him now. The with- On Thursday, Jan 4, Sir John drawal of shipy from their present Gilmour announced an important trades would be facilitated where extension of his policy to retha course was necessary in order presentatives of the Chamber of to and tonnage for more urgent Shipping and Liverpool Steamship, national employment, and Owners' Association interested in scheme, by providing greater unity the regular passenger and cargo of control and identity of interest, lines. He informed them that he would enable tonnage to be used had decided to apply the policy of effectively, and material economies requisition as an early date to all the ships on the United Kingdom and colonial registers engaged in emmment relted conndently on the The Minister said that the Gov- the deep-sea liner trades as from willing co-operation of the com- the date when they complete their panies to work the scheme in the Arst discharge in the United best interests, of the nation.
of tonnage to be secured.
the
Public Deposits Other Depošts:--
Bankers
Other Accounta Total
BANK OF ENGLAND
London March 7 (Reuter).
Feb, 29
Mar. 7
2.
45,750
22,500
99.410
128,900
38.250
40.420
138,260
129,320
127.120
137,250
2,780
3,040
22.340
27,670
26,020
25,710
50,010
47.018
J,220
1,300
631,220
-534,300
27.17% 158/
34.50%
165/-
Government Securities
Other Securities:--
Discount & Advances Securities
Total
Notes and Coins
Total Bullion
Notes in circulation
Ratio of Reserve to Liabilities
Price of Gold at which holdings are valued
FEDERAL RESERVE SYSTEM
Bills Bought
U.S. Becurities held Federal Reserve Ratio
Federal Reserve Credit Outstanding Monetary Gold Stock Industrial Advance
STOCK EXCHANGE
QUIET
(000% omitted) New York, March 7 (Reuter). Mar, 3 (1999) Mst. 29 Mar 7
1.000
2,664,000 2,477,000
2,477,000
$4.38% 87.50%
87.51%
7,586,000
2,537,800
2,515,000
18,228,000
14888.000 18,166,000
14,588,000 10.704,000 10,404,000
COTTON INDUSTRY
BILL PASSED
LONDON, Mar. 8 (Reuter) on LONDON, Mar. 8 (Reuter-The luncheon given by the Stock Ex-been passed by both Houses of Par- the Stock Exchange business was Cotton Industry Bill was read a generally quiet owing to the third time yesterday and has now change Committee to officers of lament the Exeter and Ajax,
AT
later rallied. Home Rails were firm.
Gilt-edged initially, eased and mainly easier, but shippings were stronger, while industrials were Wall Street was firm
Wm. Powal
*Bale Shanghal
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
103/11 12)
H.K. Bank. $1460.
Docks. $22/224.
H.K. Lands, $381.
Tramways, $18.
HK. Govt. 34% Loan, 951
MANILA GOLD SHARES"
Atoks 171b, Antamok 144s. Baguio
Gold 236, Batong Buhay 012s, Blg Wedge 20s, Coco Grove 12s, Con. Mines 00355, Demonstration 12s, IXL 358, Ipo Gold 11s, Itogon Mining 248, Masbate Con. 091s, Mine Operations 10s, North Ga- marines 09b, Paracale Gummaus 2043, San Mauricio 78s, Surigao Con. 20s. Suyoe Con: 13s, Syndicate Investment 02b, United Paracale 265, Mindanao Motherlode 103
HONGKONG
SHAREBROKERS'
ASSOCIATION
Volume of Business Transacted on Friday, March 8, 1940.
London, March 7. S'hal Elec. Constr. Co. The following quotations are the S'hai Waterworks "AN middle prices at the close of the Union Insurance market in London. All quotations] Gula Kalumpong Rubber are subject to confirmation and no] Allied Ironfounders ...... responsibility is assumed for errors Asso, & Elec. Industries In transmission.
15
16
28
23
14
42/104..
Austin Motora, ord.
17
£
War Loan 31% (Red
after 1952). Canton-Koon Rly. 5% 15 Chinese 4% Gold Loan
Cable & Wireless, New
Form, ord.
61
*991
B.-A. Tob. (bearer)
Mexican, Eagle
Cammell Laird, ord.
7/10
1912
1898 (Brit. Jasue)......
Chinese 5% Gold Bonds,
1925-47
Chin, 41% Anglo-French
Loan, 1998
Chinese 5%. Crisp Loan.
Chinese 5% Reorg. Loan,
5.6
57
Mexican Eagle
6/101
Courtaulds*
36/9
51
Distillers
..........
66/6
Dunlop Rubber
33/9
60
Gen. Electric (England)
81/10
Guinness (A) Bon & Co.
80
B
Hawker Siddeley Airc. .. Bristol Aeroplane
14/3
16
1913 (Ldn. Is.)
40
Chinese 8% Bter. Notes,
1925 (Vickera)
Imperial Chemical Ind. 32/3 Imperial Tobacco
125
AS. Watsons
500
$9.40)
#101
Marks & Sp'cer "A" ord.. 52/74.
HK. Banks
: 10 1,450.00
Chin. Imperial Rly. 5%
Loan .......
Rolls Royce
92/6
H.K. Docks
100
22,25
55
Leyland Motors
75
FK. Docks
100
22.25
Honan Aly, 5%.
15
Tate & Lyle ...
54/6
HK. Docks
200
22.50
Hukuang Rly, 5%. 1911...
19
Turner & Newali
68/71
ELK. Electrics
25
67.75
Hukuang Ely. 5%, 1911
United Steel..........
23/6
Telephones (N)
550
11,00
(German Issue)
17
Smethwick Drop Forg....
18
H.K. Tramways
500
18.00
Lung Tsing & U. Hai
Armstrong Stevens, ord.
Itogons
30,000
Pn. 0.25
Rly. 5% 1913.
13
Pressed Steel, com,
10/6
Itogons
5,000 H.K.$.514
8'hal-N'King Rly.5%
20
Vickers, ord :.....
20/3
Tientsin-Pukow Rly, 5%
Woolworths
64/8
-36,385
(Brit. Stpd.)
134
Anglo-Dutch, ..............
25/3.
Tientsin-Pukow Rly. 5%
Rub. Plant, Invest. Trust. 34/3
(German 8tpd.)
136
Burma. Corporation
10
Tientsin-Pukow Ely. 5%
(Brit. Stpd. Supl. Loan) 131 Tientsin-Pukow Rly. 5% (Ger.Stpd, Supl, Loan) Jap, 5% Ster. Loan, 1907 55 Jap. 6% 8ter. Loan, 1924 57% Ger. 7% Intl. Loan, 1924 71 Chartered Bank
Commonwealth Mining
Marsman Investments ...
14/9
Randfontein Estates.
39/4)
134 »
Western Holdings
16/3
Sub-Nigel
Tanami Gold Mining
Anglo-Iranian.....
91
Burmah...
187/6 od. 55/71 71/103
H.K. & 6'hai Bank (Edu.
Reg.).
12
E.K. & Shải Bank (Col
Shell Trans, & Trad.
(bearer) -Nominal
80/7+
Reg)
92
Chinese Eng. Mining
(bearer)
18/3
LONDON GOLD
Chosen Corporation
8/6
London, Mar. 7 ¡(Reuter).
Pekin Syndicate
1/6
Bar Gold, Fine për os., 168.
to the General Council.
SHOE CO.LTD.
HONGKONG SUPPLIES ALL
KINDS OF FOOTWEAR
WANTED
Portuguese managing clerk with wide experience of accounts and able to handle staff, age over 30, required by British Firm,
134
Hongkong Daily Press CLASSIFIED ADVERTISEMENTS
ENGRAVERS
FEI FEI & CO. Photo Engravers
18, Cochrane Street, Telephone No. 22324,
YOU CAN NOW EAT:-
·
MARBLE HALL
(and Annexe Private Hotel), 34, Granville and 103, Austri 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.
HOTELS
RUSSIAN FOOD COOKED IN THE
'RUESIAN 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 ping in and play CHUEN YEE : HONG
54 Des Voeux Road C..
TEA DANCE DAILY
5 TO 7.30 P.M. MUSIC BY THE METROPOLE SWING BAND
Telephone 24311.
The total value is $47,569.75 and Ps.7,500.00.
TRADE UNIONISTS
DISAPPONITED ⠀ LONDON, Mar. (Reuter)-It will be impracticable in wartime to introduce the necessary legis lation to alter the provisiong of the Trade Disputes Act of 1927, the Prime Minister told te putation of the Trade Union Congress, at No. 10, Downing- Street yesterday,
AUCTIONEER'S
GREATEST COLLETION OF
GARG, VINA IN TOWN!
LAMMERTS
utarat
VCTION Ben M
Tebanon + NO 20224
INSURANCES.
The National Mutasi Life Association of Australasia" offer you the best conditions for a fund for old ago, and your family in case of your death. Annuities sad educational policies are
Jimmy's
Flower Bulbs
of
also issued. Insare now, Om Gladioli and Begonia
Des Voeux D. Central (5th Boor Boom No. 86), Bank of Canton Build- ing, Hongkong.
Besident Secretary, Tel. No. 27478, 194
HR. WELLS.
BROKERS' LOANS
New York, Mar, 7 (Reuter). Lean on securities to brokers in New York:
The deputation, expresseda prova d found disappointment and sald Week-ended
Week-ended
Wook-ended
they would report the position Mar. 2 Feb. 29 Mar. 1
$847,000,000 $457,009,000 $482,000,000
direct from Holland
obtainable at
GRACA & CO. Dealers in 'Garden Seeds, Postage Stamps, Picture Books etc., etc.
10% Wyndham Street,
Hong Long. Established 1896.
THOMPSON
LADIES'
38,
TAILOR
MODERN DRESS
CHEAP SALE
NATHAN ROAD, KOWLOON,