44
HONGKONG DAILY PRESS
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE
Bayer
Bilee
SHAREBROKERS' ASSOCIATION
Somias TUESDAY 19,
APRIL
· Banks
Buyer
Balea Tominal
⠀ #mum
$1485
H.K. Banks
£04
Do.. [Col. Bog.)
£93
Do. (Lam. Bog.)
$1490 2014
£93
£91
Chartered Banks ...
31
Maromatile Bks. "A
£12 Mercantile Bks. “0”
£31
£12)
870
$75
60 at
$230 Canton Insurtmoet ...
$930 $500
85 cts,
$174
$155
$10
$100 Indo-Chiùm.
$80
Indo-China (Del.)...
$100 $120
78/3
Shell
Waterboate
76/3
$7.60
$171
#174
Bank of Basi Asia ...
N. C... Banka
Insurances
1500 Union Issurances,
85 cta. Underwriharu
$160 Douglas $10
Stambol
!!!!!
$22
H.K. Pirm
Shipping
Docks, Wharves,
Godowns, eta,
$100 H.K. K. Wharvon
$100
$4.60 Providente
$191
$6.80
Providenia (now) - H.K. Docks C. RTS H.K. Ducks X. Rts....!
do Rte.
#21 422
$19)
$81
$42
$38
19/0
8A,65
Shanghai Docks S.
100 KallanE
Mining
$9.65 Ranba .....................
YaDouala Gold. Fide
4 eta Hong Kang Miss...
Lands, Hotels and
Buildings
85.10 H.K. Hotels
#36)
#382
$160 Do. 4% Debentures
H.E. Lands
$14 10 Shanghai Lands
H.K. Basilios
$8 Humphreys
$103 Chinese Ketabas
Cotton Mills
35.20
#37
$100
$1.90
$46 Ewo (B.)
$190 8'bal Cottons (5.)
#45) $190
Zoong Sings (8.)
$60
Wing On Terillas (8.) $100)
Public Utilities
$17.88 $17 | $17,80/70
..Tramways
$171
88
Park Tram (old) ***
$4
Peak Trams (now)
358
Biar Ferris
820
Y'ati Ferries
88
Do. {new)
Chios Lights (0)
16.20 China Lights (New)...|
China Light Rta.
H.K. Electrics
Macao Blackrico
194
$4
$88
$251
$9
5/5.201
$86
$22
811} {Sandakan 'Lights
$29.40 $20 $10.95
(Telaphonar (old).......
$291
Telephones (new) ....
$10 00
Tractions
21/0
Tractions (prof.)
Industrials
$14.90 Cala., Ksog. (Ord.) 8.
81:
Cald., Mack. (Fret.) 8.
$1
Canton Iow
c
$17) Casuania
$5.56 Ropes Surdosa
Miscellaneous
81 $17
$214
$214
Dairy Farm
821+
#21)
Dairy Farm...
$8.80
Ch. É'tainment
$6.80
81}
Constructions
(old)
$1.85
#1
Constructions (DW)
171
Lane Crawfords
$8
Nanyang Tobacco
$31
32 89,13
Binoeres
$2
#9 15
89.15
$9.15
$109 HE GOT 4% Loans
102
897
H.K. Gork. 31% Loan
981%
$44
H.E. Wing On
844
S'ha Wing On...............
$14
$8
Vibro Piling
Bat
14/0
Marsmans Inv. (Lon.)
€11
Watsons'
69. Ch. G.5% 19250 $8da.
| Maramana Inv. (H.K.)
Wm. Powella
|*Sales
Shanghai
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, April 8, Chosen Corporation
8/6
1/6
15
152
294
The following quotations are the Pekin Syndicate... middle prices at the close of the Slat Bec. Constr, Co. market in London. At quotations S'haf Waterworks "A" are subject to confirmation and no Union Insurance responsibility is assumed for errors Gula Kalimpong Rubber 18/9 In transmission.
50
Allied Ironfounders
14.
£
War Loun, 31% (Red
after 1952) Canton-K'lcon Ely. 5% Chinese 41% Gold Loan
1898 (Brit, Issue) Chinese 5% Gold Bonds,
1925-47
Asso. & Elec. Industries 38/10 Austin Mötors, ord:
18
99-9/16
15
Cable & Wireless, New
Form, ord.
61
B.-A, Tob. (bearer)
107/6
58.
Mexican Eagle
121
Cammell Laird, ord.
7/3
52
Mexican Eagle .....
6/71
Chin. 41% Anglo-French Loan, 1908 ................ Chinese 5% Crisp Loan.
1913 (1dn. Is.)
Courtaulds
39/44
50
Distillers
68/9
Dunlop Rubber
36/91
20
Gen. Electric (England)
79/104
Chinese 5% Reorg, Loan.
Guinness (A) Bon & Co.
79/3
Hawker Siddeley Airę....
1912
30
12/10/
Chinese 8% Ster. Noter.
Bristol Aeroplane
1925 (Vickers)
11
Imperial Chemical Ind.
Chin. Imperial Rly. 5%
Imperial Tobacco
15. 31/7F 118/9
Loan
60
Marks & Sp'cer “A” ord. 52/14
Honan Rly. 5%
15
Rolls Royce
DO
Hukuang Rly. $%. 1911...
19
Leyland Motors
75
Hukuang Rly. 5%, 1911
Tate & Lyle
54/3
Turner & Newall
German Issue)
17.
65/11
Lung Taing & U. Hai
United Steel
23/44
Rly. 5% 1913
13
Smethwick Drop Forg. ... 15.
Shai-N'King Rly. 5%
21
Armstrong. Stevens, ord." 6
Tientsin-Pukow Rly. 5%
(Brit. Stpd.)
Pressed Steel, com,
17/44
..13
Vickers, ord."
17/74
Tientsin-Pukow Rly. 5%
Woolworths.
64/44
(German Stpd.) Tientsin-Pukow Rly 5% (Brit. Stpd. Supt. Loan) Tientsin-Pukow Rly. 5%
(Ger. Stpd. Supl. Loan) 13. Jap. 5% Ster, Loan, 1907 50
13
Anglo-Dutch
23/3
13
Jap. 6% Ster. Loan, 1924
532
Ger, 7% Intl. Loan, 1924 8
Chartered Bank
91
HX, & S'hai Bank (Lda.
Reg.)
941
Rub. Plant. Invest. Trust Burma Corporation ...... Commonwealth Mining Marsmah Investments.... *14 'Randfontein Estates ·..... 39/41 Western Holdings ......... 17/0 Sub-Nigel ROZSÁHORTUM 108/0 Tanami Gold Mining ... 6d Anglo-Iranian ............ 53/9 Birmah
70/71
31
9/41
HK. & Shai Bank (Col.
Reg) Chinese Eng. & Mining
Shell Trans.
& Trad.
(bearer)
034
19
(bearer)
16/3
Nominal
i-ex-dividend
FINANCE
Finance and Commerce
BRITISH BANK SPEECHES
Readjustment Of Economy To Strain Of War
THE READJUSTMENT OF THE BRITISH ECONOMY TO THE STRAIN OF WAR AND THE NEW PROBLEMS FACING BOTH THEIR OWN INSTTIUTIONS AND THE. COUNIRY AS A WHOLE were the principal to ples of `discussion at the recent annual meetings of British banks. Quietly but none the less eloquently "the chairmen told of the effects upon the banks of the call to the fighting services. All the banks, large and small, shared with other British businesses the loss of employees, in one case nearly one-e`ght of the entire male personnel. The serious dislocation caused vent a continued rise in manu- by such a transfer of staff, at a |facturing costs and prices, time
DA office decentralization Mr. Edwin Fisher, Chairman of and emergency calls, upon bank-Barclays Bank, urged that every ing facilities, can be imagined. effort effort be made to pay for į The speed and skill with which ad-necessary imports by the results justments were made indicate that of current exports, rather than In this, as in other matters, the through the utilization of existing British banks týpify the whole of external resources; he also point- Great Britain.
ed out the evils of rising costs
AS
The general econmic" structure and prices. of the country has gone through We should endeavour to deny a similar period of change in re-to nurselves the importation of sponse to the new conditions. any goods that can rightly be Mr. Colin F. Campbell. Chair-described non-essential, in man of the National Provincial | favour of those many require- Bank, pointed out that "seen in ments which are vital to our needs proper perspective the first few and which come to us from over-
seas. Such months of the war constitute
course. would not period of readjustment of the only free the foreign exchange whole of the nation's economy. needed to finance the latter, but
2
H.K. STOCK
EXCHANGE
An air of quietness still abounds, though enquiries are on a better scale than yesterday.
BUYERS"
HK. Banks, $1480. HK. Fire Ina, $171. HK, Docks, Cum Ris, $21. HK. Docks X. Rts, $184. H. & S. Hotels, $5. HK, Tramways, $17ą. Electrics, $65.30. Cements, $17. Watsons, $9.15... Wm. Powell, $1, Entertainments, $8.80,
SELLERS
H.K. Fire Ins., $174. ILK. Docks Cum. Rts.. $22. HK. Docks X. Rts., $19. H.K. Tramways, $18. Electrics, $66. Telephones (0), $29. Telephones (N), $10.96,
SALES
H.K. Banks, $1485. Bank of E Asia, $74. Union Ins.. $500. HK. Fire Ins., $171. HK. Wharves, $100.20/100. H. & S. Hotels, $5/5.05. HK. Lands, $364. HK. Tramways, $177. Electrics. $681/654. Dairy Farms. $21.35. "Watsons, $9,227,
WEDNESDAY, APRIL 10, 1940. --PAGE
Mineral Development
In Szechwan
Through a number of its subsidiary organs, the Ministry of Economic Affairs has mapped out comprehensive plans for the ex- ploitation of the gold, Iron, copper, lead, "sine, silver mercury and antimony deposits in various parts of Szechwan
For gold, eighteen state gold mining areas are being marked out, six of which are in the upper reaches of the Min River, two along the Great and Small Golden Sand rivers, two in the Tu Tu river basin, 'Tour in the headwater of the Kialing River, 011 the the remaining four upper Yangtze.
If work starts in these areas simultaneously. they can produce 40,000 more ounces of gold every year for Free China.
او
limited.
Economic
GOLD WEALTH
Affairs
to
private
mining areas will be marked out and work will be started on the most hopeful deposits. Then silver refinery will be set up.
The plan for mercury is also on a three-year basis, alming `at the production of 20 tons of mercury and five tons of cinnabar this year, and then at their steady increase to 100 tons of mercury and 20 tons of cinnabar in 1942.
A separate plan has been map- ped out to produce 1,000 tons of antimony this year in districts
Hunan bordering
its and subsequent increase in quantity
SIKANG PRODUCTS' EXHIBITION
The interest of the Chinese the development of
of
the
The National Government, in its eurt to exploit Szechwan's gold to 1,500 tons in 1942. wealth, is in no way competing with provincial and Interests, It assists them in operating the mines that are being worked. They are, however; told to concentrate their efforts in people in gold-washing and in exploiting Sikang is shown by their presence smaller nines as their technical despite bad weather at a three- art and and financial capacities are rather day exhibit
products of that
province in Chungking which began March 16.- Ten spots with good mining
The exhibit is sponsored by the prospects along the Min. the Yangtze. the Kialing. the Tu and China Scientific Institute and the association for the study of the Ta Tu river valleys, have been
frontier problems. assigned to provincial authorities
Divided into sections of photos, for development, Attention is also
antiques, instruments, art and given to goldmining by private
the education,
exhibit throws interests. A sum of $3,000,000 will new light on the possibilities of be appropriated by the Ministry of opening up this province not only MANILA GOLD SHARES Atoks 17s, Antamok 12. Bagulo
back from economical, but also from That this process is being accom-would also liberate valuable cargo Gold 225, Batong Buhay 013, Big enterprising businessmen in the social and political standpoints. It plished with a minimum of serious space in which the essential goods Wedge 181s. Coco Grove 105, Con. gold mining Industry. The Chinese convinces the visitors that Sikang dislocation reflects great credit on would be carried to our shores. Mines 0035
Industrial Cooperatives, in Demonstration 0846.
its after all, is not Я
of land those who many months ago were While it is true that certainLX.L 33s. Ipo Gold 0936 Icogon
general meeting last summer, also wilderness and the country of obliged to formulate plans which material which we need in war- Mining 213s. Masbate Con. 091s, decided to establish a number of "barbarians." It is the virginland in the nature of things it was Im-time must be obtained from Mine Operations 0815. North Ga- groups for goldwashing and mall- west China awaiting systematic possible to try out in practice be- overseas, it may even be prudent marines 05b, Paracale Gummaus scale gold-mining in Szechwap. development. fore a state of emergency arose. that other purchases should be 171b, San Mauricio 655, Surigao Yunnan and Sikang.
Meanwhile, the Ministry of Mistakes there have been, and it made abroad, although the goods Con, 20s, Sugo Com 121b. Syndi-
Before the" War... Szechwan, Economic Affairs has decided to $500,000 for the is well that public criticism has could be produced at home, for by cate Inv., 0175, United Paracale including many parts of what has appropriate assisted to remedy them.
this means a saving of our own 25s."Mindanao Motherlode 09b. now become Sikang Province, development in. Sikang of such
produced some 30,000 ounces of industries as spinning and weav
out of & gold annually
total ing. tanning and paper making China production of little more Attention will also be given to the preservation of forests, the planting, than 100,000 ounces.:
Regarding fron, in addition toj of mulberry trees and the rearing the mine at Kiklang south of silkworms. In addition, the Chungking which is capable of ministry is planning to work on producing 300 tons of ores every the coal, gold and iron in three day, a new iron mining area has different places in Sikang. been created at Fuling. It is estimated that before long, the yearly output of iron and steel in Szechwan, using both old and new
NEW YORK, Apr. 8 (Reuter)— methods. can be raised to 150.000 During the first six months "of tons. The iran production plan the war there was a big increase starting in 1940 is on a three-year in United States exports
to Bri- tain and France and a big fall-' ing off in those to Germany.
"It seems to me, however, that man power is accomplished. there is the risk of danger in J
"The goods so purchased could over criticism, for it not only be paid for by sales of goods. tends to undermine the confidence manufactured in this country and of those who may be doing their not required for war purposes. To best in dificult circumstances, secure by our export trade a re- but also discredits just and neces-
turn flow of the goods we need or sary criticism."
the exchange to buy them from other countries is
EXPORT TRADE
"
ת
HONGKONG
SHAREBROKERS
ASSOCIATION Volume of Business Transacted on Tuesday, April 9, 1940. as. Watsons
factor that is as important as It China Lights (N)
self-evident."
500 $ 922
"
cardinal China Lights (0)
500 9.25 *300
500
,
"Dairy Farms
100
RATIONING
8,00 5.00 21.35 130 21.45
".... the need to prevent, as far H.K. Electrics as possible., dislocation of the HK.. Wharves economic structure and what has been described
as the vicious
100 65.75
100,00 100,20 100.00 500,00 5,000 0.50
1,532 *Sale on Monday, the 8th inst. The total value is $69.158.00
100
100
200
basis.'
COPPER DEPOSITS
Emphasis was placed by all the speakers on the necessity for in- Creasing British export trade, avolding excessive price increases and providing adequate nancial means for the conduct of the war. The Chairman of the Westminster spiral in which now prices, now Unions Ins. Bank, the Hon. Rupert F. Beckett, wages, seek for the ascendancy.
Itogors pointed out the
opportunities Rationing alone would not provide which now await British exporters the solution, for although valuable and of which advantage should be as a means of securing equitable taken without delay.
distribution of limited supplies, It "From a great part of the West-would tend to divert demand to ern world, Germany has been vir unrationed articles. To some ex tually ruled out as a trader, through the vigilance of our Navy. means the removal of a formidable competitor especially as the exports of ourselves and Germans, both highly industrialized countries,
This
of
"
U.S. EXPORTS TO ALLIES
For the development of the cop- Up to the end of February the per deposits in Szechwan, the total value of exports from the same ministry has also worked out United States rose by one-third a three-year plan. Starting in) (£487,000,000). Of these the value 1940, the native methods of of the total exports to Germany GERMAN TRANSPORT several new mines will be worked. than corresponding figure for 1938. production will be improved, was £175,000 £18,000,000 less
The exports to Britain totalled £79,000,000 and to France £37,000,000
TORPEDOED
over
tent, the adjustment will be ac-
and a refinery will be built to complished by the higher taxation
OSLO, April # (Reuter)-A produce five tons of ane copper which the country is now bearing German military transport, with every day. and which will result in the three hundred men aboard. was Lead, zinc and silver are ofteri transfer to the State of an in- torpedoed near, Christiana, Nor-found together in the Telpo- increase of 15 per cent. The pur- creased share of the purchasing way. It is added that 150 lives Mapien-Opien area on the chases of aeroplanes by the Allies
Szechwan-Yunnan border. Dednite amounted almost to £23,000,000
Continued on Page 11
SHOE CO.LTD.
HONGKONG " SUPPLIES ALL
KINDS OF
· FOOTWEAR
are similar in character. `Bút this is not all. Other European coun- tries also find their exports feo- pardized by Germany's methods' on the high seas, and some cur- tallment has naturally followed.
"Countries contiguous to · Ger- many, and large customers hers mainly for that reason, and German pressure to trade with her often against their own na- tional interests and political.. in- clinations, and trade conducted in sterling has obvious advantages over barter, transactions. · Many South American countries, too, formerly large customers of Ger many, now find that market for both imports and exports closed to them, and must look elsewhere tor trade development; their
BEST CANDY STORE sympathies" frequently incline COLONY, WITH LARGE ABSORT- them to turn to Britain to fill the MENT BRITISH-AMERICAN CAN- gap. All these factors, then, com- DIES FRESH CONSIGNMENT bine to open
favourable NUTS, FIGS, RAISINS
BRITISH-AMERI- Avenues for our trade which in CHOCOLATES, normal circumstances would never CAN CANDY STORE, 15, POTTIN-
GER" STREET. have presented themselves great a scale.
מנו
WELL AWARE
on.
DO
IN
FINE
SILVER MARKET
4.
"But important neutrál coun- tries which are not preoccupied
LONDON SILVER aa we are with provision for actual
London, Apr. 8 Reuter). warfare, are also well aware of
Silver: Market very quiet. Small these opportunities, and have business. In the afternoon, the more time and attention to market was, quietly, steady,
give to their exploitation, 30 that although we have lost one termidable competitor, others will not be slow to enter the Beld. We shall need all
our foresight, energy, and resourcefulness to win further trade through." these outlets, birt I have hopes that we
shall succeed."discuss
Mr. Campbell discussed the determining effect of the price factor in foreign trade and the importance of the efforts being made by the Government to pre
Spot, 20-1/8d.
Forward, 20-1/8d.
BOMBAY SILVER
Bombay, Apr. 8. (Reuter). Market--Quiet but steady. Of- take 150 bars,
Indian Mini Bulver
Ready May 1 Settlement 'June 3 Bettlement
57-00 57-01
67-05
NEW YORK SILYER New York, Apr.a(Reuter). Silver, Official, 34-3/4
were lost.
Hongkong Daily Press CLASSIFIED
ADVERTISEMENTS
Jimmy's
Help your friend and his "Hobby" by giving POSTAGE STAMPS
for
his Collection
and
SEEDS FOR HIS GARDEN
We can supply the goods of his and your want
GRACA & CO. Dealers in Postage Stamps, Garden Seeds, etc., etc. No. 10. Wyndham 'Street. Established 1896. Hong Koug
YOU CAN NOW EAT:~~~
The British figure represents an
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 conveniences. Apply proprietreas, 103, Austin Road. Phone 50233 and 34, Granville "Road. Phone 59433.
HOTELS
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
51 Des Voeux Road C.
AUCTIONEERS
GREATEST COLLECTION OF BARGAINS IN TOWN!
21 LAMMERTS MOCHTON ROOM Lan.mau5 Brother
120 Cated Telephone M. 29101
TEA DANCE DAILY
5 TO 130 P.M.
MUSIC BY THE METROPOLE SWING BAND
Telephone 24311.
ENGRAVERS
FEI FEI & CO. Photo Engravers 18, Cochrane Street, Telephone No. 22324.