1940-05-27

HONGKONG DAILY PRESS

|LAMMERTS' AUCTIONS

PUBLIC AUCTION.

THE Undersigned have received

instructionA

to sell by

PUBLIC AUCTION

Tuesday, the 28th May, 1940 commencing at 11.00 a.m.

at their Sales Room, No. 1, Coh- naught Road, Central. Room No.

205, 2nd Floor).

2 Cases Glassware

1 Case Forcelain Ware

1 Bale Cotton Goods

361 Tins Sprats 200 Pairs Ladies' Shoes.

also

ן.

A QUANTITY OF NOVELTIES, FURNITURE AND SUNDRIES

Terms: Cash on Delivery.

LAMMERT BROS..

AUCTIONEERS

PUBLIC AUCTION.

THE Undersigned, have received

instructions

to sell by

PUBLIC AUCTION

Thursday, the 30th May, 1940

commencing at 10 a.m.

가

い

at the premises of The Hongkong,

& Kowloon Wharf & Godown Co.,

Ltd. (outside

Kowloon.

Godown

No. 22).

A LARGE QUANTITY OF MISCELLANEOUS GOODS

comprising:-

Boller Rivets, Machines. Cobble Wire. Barbed Wire, Calvanized Wire, Wire Shorts, Round and Flat Bars, Iron and Steel Plates, Angle Iron, Pig Iron. Joists, Auto Springs Spiral Packing, Packing. Asbestos Sheets, Roofing, Paints, Oll, Cotton Sheeting, Cotton Piece Goods, Cotton" and Rayon. Goods, Waterproof Cloth, Woollen Yam. Hoslery Wool. Pencils, Fasteners, Decarbonator, Spray. 'Gramo- phones, Medicines, Carbon Paper, Spirit and Wine, Cigarettes,, etc., etc.

Admission to the Godown will be "by Pass only. These passes can be

obtained from the Undersigned.

Terms: Cash on Delivery..

LAMMERT BROS., AUCTIONEERS. "

HONGKONG'

SHAREBROKERS'

ASSOCIATION

Volume Of Business Transacted

on Saturday May 25, 1940.

H.H. Tramways

*500 15,25

* 50° 16.00 *500

Cements

Sinceres

1,000

2.30

FINANCE & GENERAL

Finance and Commerce

INCREASE IN VISIBLE TRADE OF COLONY Higher Figures For Import

And Export Recorded

According to an official report released for publication by the Superintendent of Imports and Exports the combined values of im- ports and exports of merchandise as declared during 'the month of April, 1940, totalled $131.2 millions (£81 millions) as compared with $106.6 millions (£6.5 millions) in April, 1939.

In terms of local currency the total visible trade of the Colony. Increased by 23.1 per cent. In April, 1940 as compared with April, 1939; and by 24.6 per cent. in terms of sterling.

Imports of merchandise in April, 1940 totalled $72.1 millions (£45 millions) as compared with $57.1 millions (£3.5 millions) in April 1939, and exports $59.0 millions (£3.6 millions) as compared with $49.6 millions (£30 millions);

Imports of merchandise in April, merchandise during each of the 1040 increased by 26.3 per cent. in four months of 1940 as compared terms of local currency, and by with the corresponding months of 28.8 per cent, in terms of sterling. 1939, in dollars and sterling (in Exports of merchandise in April, millions); -> 1340 increased by 190 per cent. in terms of local currency, and by 20.0 per cent, in terms of sterling. January

During the first four months of! 1940 imports of merchandise to February talled $270.4 millions £16.7 mil llons) compared with $182.6 March millions (11.2 ons) in the corresponding period of 1939: and April

$211.2 millions (£13:0 exports millions) as compared with $170.1) millions (10.5 millions).

H.K. STOCK EXCHANGE

Conditions remam unchanged, BUYERS

H.K. Banks $1,330. Govt, 4% Loan $102.

SELLERS

Cements $16. Docks Rts $43.

SALES

Union Ins. $455.

1939

Apri

Trade Unions In Colony Encouraged

In 1937 the Hongkong Govern- ment passed a bill fixing minimun" wages in certain trades The Bill has never been invoked, and on Saturday the Government Gazette contained a new draft bit" which is to replace the 1932 measure. whereby Trade Boards can be established to fix minimum wages,

The present Bill follows closely certain provisions of the Trade Boards Acts of 1909 and 1913. Power to fix minimum wages re

with the Governor" in Counell, but a Trade Board on which employers and employees shall be equally represented, to-

It is explained in the objects and reasons that the 1932. Ordin- ance was short and simple. It does not appear to envisage the fixing of any wage otaer than a minimum time rate, and it con- tains no reference to plece rates Detalls are given below, with the or hours of employment. Neither sterling equivalents, at monthly is any machinery provided for en- the payment of any average rates of exchange, in forcing.

minimum wage fixed under the brackets:

Ordinance. Exports Imports $57.075,186 $49,555,022 (£3.478,019) (£3,019,759) $59,113.307 $40,281,784 (£3,625,308) (£3,022,359) $59.272,087 $50,627,077 (£3,635,046) (£3.104.864) $50,648,620 $45,672,159 (£3,092,995) (£2,789,094) $52,153.700 $44,772,085. (£3,178,118) (£2,728,298) Bether with members of the public is substituted for a Board of Com.. $39,873,387 $42,495,753

missioners as the machinery for (£2,460,936). (£2,622,785)

inquiry and report in each case. $46,870,925 $43,891,451 (£2,898,918) (£2,714.641)

In pursuance of the policy of $48.864,493 $39.834,340

encouraging the organisation of (£3,028,581) (£2.468,899)

responsible trade unions it is. con- $54,810,639 $46,736,393

sidered desirable' and feastble that (£3.397,118! (£2,896,633)

representatives of workers should function as members 0: these Trade Boards and to learn in practice the advantages of con- cillation and arbitration,

May

June

Imports Exports

July 1939 1940 1939 1940 $40.7 69.7 40.2 61.9 £2.5 4.3 2.5

3.8 August $36.8 53.0 38.5 42.2

Sept. £2.3 3.3 2.3 2.6 $48.0 75.7 43.9 48.0

Oct. £8.0 4.7 2.7 3.0 $57.1 72.1 49.0 59.0

Nov. £3.6 45 3.0 3.6 FLUCTUATIONS Since April, 1939 monthly values Imports of merchandise in-of imports of merchandise into creased by 48.1 per cent. In terms Hongkong auctuated from a low of local currency, and by 49.1 per Hongkong dollar value (39.9 mil- cent. in terms of sterling: exports Hons) In September, 1939 to a high Increased by 24.2 per cent, in terms of 75.7 millions In March, 1940; of local currency, and by 238 per whilst exports values fluctuated cent. in terms of sterling.

from a low of $39.8 millions in The following table shows com- November, 1939 to a high of $61.9 parative imports and exports of millions.in January, 1940.

Dec.

1940

Jan

Feb.

March

April

·HONGKONG SHARE QUOTATIONS

STOCK HKCHANGE

Rsyen Ballers

$1330

$16

مولدار

SHAREBROKKEF ASSOCIATION

Nominal SATURDAY 25,)

MAY.

Bankc

Bayer Bell

$1345/40..... Basky

£32+ Do. (Col. )} {*** £84 Do. (Lon Beg. £81 Chartered Banke 130 Mercantile Bb. "A" £19) Mercantile Bks. “02

873

Bank of Kast Asia .....

N. C. & B. Banka ....... Insurances

#218 Canton Insurances ...

88 cts. Underwriters

$1340

$238

£93

£30

1874 50 ct

$456 Union Insuranone ...

$450

70 cta

$170 H.K. Fire

$170

Shipping

$120

$11

Steamboat

$11)

$100 Indo-Chinsa Prof.)

$100

-880

62/6

shells

86.90 Waterboats

$120 Dougla

Indo-Chiosa. (Del.)....

MTE

Docks, Wharves, Godowns, etc.

$100 H.K. & I. Wharres

83) Providents

Providanis (Dew) .....

820 H.K. Docks C. RTS...

818 H.K. Docks X. Rte....

do Rts. 8291 Shanghal Dooks...

વર્

18/0

Kailan

2,65 Raabe

Mining

Vanezasla Gold Vide cta, Hong Kong Min...

Lands, Hotels' and

Balldings

$4.35 H.K. Flotals

334

H.K. Landa Permanen

$100 Do. 4% Debati 10.60 Shangha Lands. 1.

$1.29 H.K. Roäision ..........

88 Humphry

$1044 Chinees Estados

Cotton Mill

Bwo. (B)

$10 B'hat Cotions (8)

160

د بود

Zoong Sings (B) Wing On Textilien (8.) Public Utilitier

Tramways terhesses' Peak Trama (chl) .......... Pusk Trams (now) Btar Ferries comesEST

$22.85 Y'mail Farris

Do.

ارم

$60,669,244 $61,936,457 (£4,299,899) (£3,822,841) $52,955,995 $42,240,504 (£3.268,378) (£3,607,031) $5,669,104 $47,987,975

Provision in the new bill is. (£4,660,350) (£2,955,509) - made for the fixing of time-rates," $72,138,172 $56,025,507 plece-rates and overtime rates. (£4,452,278) (£3.642,981) Payment by piece rátes is common Mean rate of exchange for April, in local industries. 1940: H.K.is.. 2:13/16d.

AMERICAN RAYON

"DEMAND

Following the Home. Acts, ade- quate provision is made for the enforcement of approved mini- mum rates, but the Labour' Off- cer's consent for prosecution is re- quired.

THE TRADE BOARDS

MONDAY, MAY 27, 1940. --PAGE 9

SAY

Gordon's

.and know what you're

drinking/

GORDONS DRY GIN

DISTILLERY, LONDON

NO COLOURING MATTER

NO INJURIOUS INGREDIENTS

KAIPING COAL

FOR HOME, FACTORY, & POWER HOUSE

HOME, FACTORY AND BUIKERS

POWER

HOUSE,

TUGS &

LOCOS.

THE KAILAN MINING ADMINISTRATION

DODWELL & CO., LTD.. Agents, Hong Kong.

that

trade,

NEW YORK (By Airmail) Bome increase in export demand

The bill has been prepared by for American rayon yarn is ex- the Labour Officer. espected because of the invasion of £84 the, Netherlands. During the first

quarter of the current year, the Among other provisions, the bin Netherlands supplied 33,880 pounds states women shall be eligible to rayon to Cuban mills and it is serve on Trade Boards as well as believed that mills using Dutch men. The chairman of a Trade

to such workers a $50 for each day on which the razon will seek to fill their re- Board shall be the Labour Officer securing

offence is continued after convié- or such public officer as the Gov-minimum rate of remuneration on quirements in this market.

minimum a time work basis... a

tion. ernor may appoint. The uncertain situation in

rate, whether time-rate or plece- All members shall be appointed rate, to apply, in substitution for where a worker

Another clause provides Southern Europe also is causing

any some

by the Governor, but the em- Latin-American 13.30-

being a person to whom a mink otherwise be applicable, in respect afacturers to make inquiries for ployers and workers may nominate the minimum rate. which would

mum rate of. wages applies, is an gara to either replace or supple-representatives for appointment of hours worked in any week or apprentice or learner, it shall not

subject to the Governor's appro- ment Italian

on any day in excess of the numbe lawful for his employer to re- millmen in particular are said to val, as representative members.

ber of hours considered by the cerve directly, or indirectly from Every Trade Board shall recom-Trade Board to be the normal him, or on his behalf, any pay- be dissatisfied with the results of the barter arrangement with Italy, mend a minimum rate of waxes number of hours per week or for

ment by way of premium." that Sool asserting-

neither the for time-work in their trade. and that day. This is referred to as

for their an "overtime rate.". quantity, nor the quality has been may also recommend what ther had expected. While trade! Mexican mills are reported to be planning to take larger quantities of Japanese rayon. it is stated that a

$120

62/6

$6.90

PAN

$3.76

$20 318

$4.50

$29

19/6

$9.00

!!!

$7.75

$32

$16

$8.80

$6.85 Chins Legal

(0)

China Lights (New)

Chine Edgate Rite.

$21,10 MacO

Electric

#111 Bandakse Lights"..

#161 Telephone (chl)

$10.20 Telephones (NOW)

Traction issues Tenotióna (pest.) Industrials

$14.90 Cald., Maog. (Ord.) B.

$31

$100

::ཚོ;རྣ

$10.20

$18

改

བློ་ཚོག་ཚོ་།ཀྱི་ཚོ་

rayon. Mexican

"Perialties are, fixed for not pay-

"The £5 to £13 a week class A minimum rate of wages for ing wages in accordance with the plece work?' a minimum time rate, minimum rate which has been who are to get it in the neck ac which shall not be higher than made obligatory. The offender is cording to the Keynes' plan are number are showing a the general minimum time-rate.Hable to summary conviction and the steady bulwark of Toryism in

-Industrial preference for American yarns to apply to workers employed on a fine in each case not exceeding the

of $250, arid to a fine not exceeding Tribune.

(Havas),

SHOE CO. LTD.

BONGKONG SUPPLIES ALL

KINDS OF

FOOTWEAR

plece work for the purpose

Hongkong Daily Press

CLASSIFIED

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