1940-03-12

HONGKONG DAILY PRESS

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE

Bayura

SHAREBROKERS' ASSOCIATION

Engere. Ballara

Ballers Balse Nomical MONDAY 11.

81466

#1470

£931 £991

MAR.

Banks

H.E. Banksomme

Do. (Col. Beg.) Do. (Lon. Reg.) ... £9) Chartered Bankr 31 Marcantile Bka. £15 Marcantile Bha. "O

Bank of East Asia ... N. C. & S. Banks - Insurances

$77

Canton Inserendes ... Union Insurances ...

Underwriters

#1480) $1480) 81470)

£93)

£31 £19

$77 50 ets.

8827)

1917

$485

6480

$500 $480

190 sta

$185

H.I. Fremant

$1,80

Shipping

$115

Douglas zaman m

$110

$10 Stambol

$100 Indo-Chinaa

$80

Indo-Chinas (DR.).....

79/A

Shell

$10 $100 $120 78/9

Waterboats

$7,40

Docks, Wharves,

Godowns, etc.

$103

H.E. & K. Wharyo

$103

$5.10

$5.06

Providents

|Provideste {0UW)

#321

$22,

EI. & W. Decks... $22)

$21.50

*Do. (new)

..638

Shanghai Docks $. ...

$39

{Now "Engineerings 1.

18/6 Kailans

$10 Baube

84 Yanezuela Gold Fide

cta Hong Kong -Minse

Lands, Hotels and Buildings

Mining

*:*:

18/0

$5.60 H.E. Hotels ..................

$5+

138) HK Landa walk-

1100 Do. 4% Debent

#381 $100

$10

Shanghai Lands

H.K. Reafiles.

$72 Humphreys minima

$105 China Ertaine

$42

Cotton Mils

Ewo. (B)

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

168

Zoong Sings (5.)

$484 Wing On Textilm (8.)

Public Utilities

$100.

Tramways

Punk Trams (all)

100

Pask Trase (new)........

$66

Star Ferries

197 T'st Ferries

Do. (DW)

$8.45 China

Light

(0)

$5.55 China Lights New)

Chins Lights Rts.

$67 60 H.K. Electrics $22

Kacao Mastris ....... Bandakan Ligh...

$29.50 Talepbosa (old) 811 Telephones (new)

$9.45

C.D. 21/9 Tractions

230 Tractions (prod.)

Industriais $14.00 Cald., Mang. (Ord.) 8. $12

Cald., Macg. (Prof.) 6.

Camion Iow

$19.60 CamentE

$6.10 Ropes?

$221

822

Miscellaneous

Dairy Farm (Old) ... Dairy Farm (New)

$7.40 Ch. Bainmente ................ Constructions (old)

$12.

Constructions (mw)

Lane Crawford...... Nanyang Tobacco....

81.80 Binoeres

Watsons

51, Ch. G.5% 1950 Bda. $100 H.K. Gori. 4% Lo

8054 H.K. Gori, 21% Losa

$41-

41 H.K. Wing On ......

'bai Wing On

Maramane Inv. (Loa.) ·

28)

Vibro Filing

14/0

Maramane Lar. (H.K.)

Wm. Powale

$15

ཨྰཿ

$7.40

:..

8179

$66

$28 $8 34 $67

327

$0.30

80+

$67.80

$11

20-

$23

322

$1.85

831

$9.40

E0°

FINANCE

Finance and Commerce

H.K. ELECTRIC CO. LTD. REPORT-

FOR 1939

The following is the report of the Board of Directors to the fifty-first ordinary yearly meeting of Shareholders of the Hongkong Electric, Co., Ltd, to be held t P. & O. Building, si" 11 s.m. on Thursday, March 21.

Factories

Factories Removed To Szechwan Worth Millions

More than 150 factories with a total capitalization of well. over $200,000,000 have been assisted in one way or another by the Ministry of Economic Affairs in their removal from coast- al and Central China to Sxechwan Province. Many others are still moving to Szechwan. To all such Industrial plants the ministry gives every possible assistance in removing them and in restoring their productive power in the inland with the icast delay.

Meanwhile, the Industrial and; Mining Adjustment Commission of the Ministry, which has been mainly responsible for saving

or from

The Balance at credit of Proft and Loss Account is $2,944,480.39 after allowing for Depreciation. Of this amount $600,000 has been appropriated for the payment of an Interim Dividend of $1.00 per part of China's industry from share on September 7, 1939. destruction

Your Directors recommend that occupation, is paying undivided Japanese the Balance available for appro- attention to the developmen; of priation amounting to $2,344,480.39 new enterprises. One of the com- be disposed of as follows- To pay a Final Dividend of 33.50 per share on 600,000 shares

To pay a Bonus of 75 cents per share on 800,000 shares

To place to Reserve

To carry forward to next

Account

mission's promote

$900,000.00 Weaving.

$2,944,480.39

Directors. During the year the Hon. Mr. J. J. Paterson, resigned his seat on eaving the Colony and Mr. D. E. Landale was appointed in his place. Mr. Landale resigned on Mr. Paterson's return and Mr. Paterson was re-appointed. In accordance with Article 122 The Hon. Mr. J. J. Paterson retires and being eligible offers himself for re- election.

programmes 13 to cotton spinning and

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HONGKONG FIRE INSURANCE CO.'S

1939 REPORT

It is officially learned that the General Managers and Consulting Committee of The Hongkong Fire Insurance Co., · Ltd, will recom- mend at the forthcoming meeting of Shareholders, to be held on April 4, the payment, on account of the year 1938, of a dividend “of. $11 per share, absorbing $440,000; to pass $100,000 to credit of Rein- surance Fund and $129,429,78 to credit of Investment & Exchange Fluctuation Account; carrying fon- ward $853,598.82 in respect of the year 1939.

BONDS DRAWN IN SHANGHAI

Plans are already under way for estabfishing 38 small-scale spin- 450,000.00 ning and weaving factories In 409,000.00

Szechwan and: 50 others in 394,480.39 Shensi with a view to meeting

part of the needs of Free China,

Additionally, the commis- sion has launched elaborate scheme to develop mechanical and chemical industries by giving financial and technica) assistance to private enterprises. The Industrial and Mining Adjustment Commission and the National Resources Commission have been the two most active

CHUNGKING, Mar. 11 (Central). organizations "in the Ministry of Some $3.400,000 in principal will Economic Affairs during the war. be repaid to holders as the result The role of the former is chichy of the drawing of dve Govern- to help private enterprises to ment Internal loan bonds produce more and better goods March & In Shanghai. The bonds and services for the interest of include the 25th Year Consolida- In view of the expansion of the the people and of the nation. tion Bonds B, 17th Year Long- Company's business it is thought The job of the latter is mainly term Currency Bonds 24th Year that the Company should increase to develop the rich untapped re- Telegraph Bonds, 25th Year the remuneration of the Directors sources in the rear and to build

Kwangtung Currency Readjust- which, under Article 128 of the up heavy Industries having

ment Bonds, and the 28th Year Articles of Association. is set at direct bearing

Kwangtung River Conservancy $10.000 and a resolution to increase defence (C. I. C.).

Gold Dollar Bords. this sum to $18,000 will be placed before the meeting.

In accordance with Article 130 the Hon Mr. Stanley H. Dodwell and Mr. H. V. Wilkinson. D.S.O.. retire and being eligible offer themselves for re-election.

Anditors The Auditors, Messrs. Linstead & Davis retire, and being eligible, offer themselves for re- election..

H.K. STOCK EXCHANGE

nationa

IRON & STEEL WORKS IN CHINA TO REGISTER

With the exception of the Con- solidation B Bonds, which will be repayable on

July 31 next, ali drawn bonds will become due on March 31, next.

TERMINAL NOS.

Terminals of the bonds drawn

as are as follows: "

KUNMING, Mang 11 - All fron and steel factories as well worksops in China and persons (1) Consolidation Bonds B: 018, possessing iron and steel Com-144, 231, 398, 429, 538, 826, 643, 786, mittee, which is formed by the 851, 820, and 810. Ministry of Economic Affairs and the Ministry of War with

Hongkong Banks & Unions are a steady market and in good de-

(2) Currency Bonds: 021, 051, mand. The former at. $1,480 after

the 128, 182, 184, 223, 230, 243, 337, 372, shares changing hands at $1,475 purpose of conserving "raw ma-375, 441, 458, 583, 587, 629, 619, 765, and $1,477. and the latter bust- terials and elimiating waste.. 787; 747, 774, 632, 958, and 982. ness done at $485 and in both cases After registration those de- (3) Telegraph Bonds: 06, 12, 31, 100.

shares still wanted. Docks have siring to buy or

transport iron and 52. 951% strengthened to $23, and at the or steel will be required to apply

close enquiries were

(4) Kwangtung Currency Bonds: broadening to the Committee for permits 58. over the list generally."

shipments made without permits BUYERS

will be able to onfiscation.

$10

88.10

"H.K. Bank, $1,480.

(5) Kwangtung Bonds: 12 and 30.

Conservancy

TUESDAY, MARCH 12, 1940. —PAGE 9

SANDEMAN

PORT

SHERRY &

Obtainable everywhere

LLOYD TRIESTINO

Regular Fortnightly Service

OUTWARD:

for Shanghai-NEXT SAILING: FIRST WEEK IN MARCH.

HOMEWARD: for Trieste, Venice, Brindisi, (London Overland), via Manila, Singapore, Colombo, Bombay & Portsaid-NEXT SAILING: ABOUT MIDDLE OF MARCH.

For further particulars apply to:

LLOYD TRIESTINO Queen's Bldg., Ground Fl., Tel. 32982- Tel. Add, “LLOYDIANO" P.O.B. 149 Agents, Ganton-Messrs. Dodwell & Co., Ltd., Shameen.

Bales to Shanghai,

LONDON STOCK EXCHANGE

(REUTER'S SERVICE)

London, March 8.

Chosen Corporation

The following quotations are the, Pekin Syndicate.

middle prices at the close of the S'hai Elec. Constr. Co. ... market in London. All quotations S'hai Waterworks "A" are subject to confirmation and no Union Insurance

6/6

1/8

responsibility is assumed for errors Gula Kalumpong Rubber 21/104

Union Ins., $485.

Providents, $5.05.

Lands. $381.

Star Ferries, $662,

China Lights (Old), $8.10.

Telephones (Qld), $283.

Ropes, $5.80...

Watsons, $9.45.

SELLERS

Providents, $51.

China Lights (Old), $8.40... Ropes, $5.80.

SALES

HK. Bank, $1,475/774/80,

Union Ins.,.$485

Docks, $23."

Providents, $5,14,

Lands, $381.

Tramways, $18.

SHOE CO.LTD

HONGKONG PUPPLIES ALL

KINDS OF FOOTWEAR

Hongkong Daily Press

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