HONGKONG DAILY PRESS
Finance and Commerce
WAR EFFORT
!!
PROVISIONS
SPEED - UP
AFRICAN COUNCIL
ין
TO BE FORMED
NAIROBI, Aug. 7 (Reuter)-AR
East African Economic Council is being formed to represent Kenya.
CONTROL
APPOINTEES
REGULATION OF ARMY SUPPLIES
BOOKS TAX OPPOSED
Exclusion Of Bibles Amendment Tabled
LONDON, Aug, The Archbishop of CHUNGKING, Aug. 7 (Central) Mr. J. B. Priestly and
k.
an
in op..
FINANCE
Board For Labour Supply
Gets To Work
The plans of Mr. Ernest Bevin, Minister of Labour, for sup- plying the arms Industry with the labour It needs are moving forward at remarkable speed. Recent developments were:
The first meeting of the Central, some of their maintenance. work Labour Supply Board and the cannot without serious danger be appointment of additional mem-|postponed so that the skill of their bers. These are Mr. Ralph Asshe-¡men may. If required. be available ton MP., Parliamentary Secretary, for vitally urgent work in the na- Phups. Permanent Secretary: Mr. "In this way I want, while keep-
| Ministry of Labour; Sir Thomas tional interest.
F. N. Tribe, Deputy Secretary: Mr.ing maintenance for all industry | (Reuter) - Canterbury,
F. W. Leggett and Mr. G, H. Ince, intact, to have local reserves of G. Faber Who are
high officials of the skilled labour which I am borrow Uganda, Tanganyika, Zanzibar, The National Provisions Control addressed a meeting of over 100
Ministry.
to help out when war demands Rhodesia and Nyasaland in order Bureau has been formally inau-Commoners in the House of Com- who has achieved fame as "Leggett At the same time I want this dealt The appointment of Mr. Leggett,cause situations of great urgency, to co-ordinate an "economic and gurated.
mons yesterday evening commercial policy for war pur- Mr. Lu Tso-fu is director and
position to the inclusion of books the Peacemaker" for his handling with in a thoroughly systematic poses, to enable speedy
and Dr. Franklin L. Ho, Mr. Hsiung in the purchase tax proposals, vigorous action to be taken, fn Chung-tao and Mr. Ho Pel heng
Afterwards. comprehensively planning produc-jare vicê, directors, tion of war necessities and the Under the bureàn are the ad-was tabled to omit marketing of surplus produce.. ministrative control, business con- the provisions of the
trol and finance departments. Was supported by a large num The territories will be invited to attend the Imperial Economic Con-the secretariat and the research ber of members of all parties.
section.
In addition, Commander King, ference at Delhi in October.
The bureau will fire investi Hall and Sly Stanley Reed have gate the production, distribution put down an amendment to spectors of and marketing of provisions, and jomit bibles from the tra.
defined DEVELOPMENT OF then devise means to regulate the supply of army and civilian provisions.
!
RURAL ECONOMY CHUNGKING, Aug. 1. (Central) ---ཡ,4。, Rural Economy Planning Commission has been organisëd by the Joint Office of the tral Bank of Chins, the Bank of China, the Bank of Communi cations and the
Farmers
Cen.
AUSTRALIA'S WAR EFFORT
Bank LONDON, Aug. 7 (Reuter-The of China to assist in drafting Chairman of Australian Aircraft plans for rural economy develop Production said yesterday that by ment.
*
"ה
tax. This
are used with vast
of industrial disputes.. to the new and organised manner." post of chief industrial commis- TECHNICAL SCHOOL AID amendmentstoner; and
A memorandum issued by the books from The establishment of 20 local Board of Education urges technical labour supply committees to deal schools and colleges to assist th not only with labour questions for the war effort by concentrating arms production, but also with on the production of gauges and thuse for mining and agriculture. High which
The functions of 300 to 400 in-numbers of machine tools in the latour supply were armament Industry. Without a sufficient supply many machine They will be to establish that tools would stand. Idle, the demands of firms, for skiled The Board is satisfied that many Commander King - Hall, while labour are justified, to determine of the parts required could be urging the exclusion of bitjes on whether firms are employing more manufactured in the workshops of principle, contends that the yield skilled labour than they require, technical institutions. either as tax would be neglible and Ita to stimulate training by employers exercises for trainees and students Impositions would be } severe and tù
ensure that employers or directly by the college staff.
YIELD NEGLIGIBLE
.
bibles, as they are already being sold at almost cost price...
ing institutions.
or female, The census of industry carried Schools out in April has disclosed that a keeping
their workshops open
THURSDAY, AUGUST 8, 1940. —PAGE 9
COURVOISIER
THE BRANDY OF NAPOLEON Fournisseur Breveté de 3M l'Empereurs
[COURVOISIER
COGNACS ET FINES CHAMPAGNES
DODWELL & CO.,
LTD.
H.K. STOCK EXCHANGE
August 7, 1940.
handicap on the people who priat make the fullest use of local train assisted by recruited labour, male KEPONG (MALAY)| are asked to consider RUBBER ESTATES! number ut firms are employing after the school work is over for The 35th annual general meet- more than what is regarded as as many hours out of the 24 83 Estate, Ltd. was held recently at nimous with the recurring de- ing of Kepong (Malay) Rubber The morning's session was syno- can be organised. Shifts of work- ers or evening shifts
the Great Eastern Hotel, EC. might be
cimal, it was quiet. arranged and the workshops run during these periods as a factory.
BUYERS Electrics (Old), $38.25. Cements, $14.50.
SELLERS
LONDON STOCK
their fair share of skilled labour. the middle of next year the Com-
Similar commissions wil be monwealth will be producing one formed in the different provinces Bristol Beaufort bomber a day. and hsten areas as complemen The project will require 10,000,
workers. tary units.
EXCHANGE
HONGKONG SHARE QUOTATIONS Consequently, the trend in most Mr. Bevin.
STOCK EXCHANGE,
SHARKBROKERS' ASSOCIATION
Bayers Bellors
Sale
Tominal
WEDNESDAY 7 AUG
Banks
C.D
X.D.
8115) HK. Banks
£85
Do: (Cal. Reg.)
£62
Do. (Lea, Reg.)
Chartered Ranka......
8571
1981 Mercantile B. "A". Mercantile Bka. "C".
11
$73
Bank of East Asia......
$815
N. C. & S. Banka...... Insurances
Canton Insurances......
$350 Union Insurances.....
10 ct. Underwriters...
8160 H.K. Fires......
Shipping..
#120 Douglases
$11 Steamboats.......
$100 Indo-Chinas (Prof.).....
$30 Indo-Chinas (Def.).
33 Shells
$6.90 Waterboats
$360
.
$18
**
indur⠀g
#14 $15
anu
$3.10
$32
$3.00
364
Docks, Wharves, Godowns, etc.
H.K. & K. Wharves... Providents
ILK. Docts (Old).....
$15 H.K. Docks (New)........... Shanghai Docks.......
827
18/0
Kailans
39.55 Baubs
Mining
5 eta. Hong Kong Mines.....
Lands. Hotels and
Buildings
H.K. & 8. Hetal........ H.K. Lands
$100 Do. 4% Debentures...
12,90 Shanghai Landa.......... $3 H.K. Renities..
#7 Humphreys
$101 Chinese. Existes...
Cotton Mills
83
Ewo (S.)
200 ghai Cottons. (8.)........
Zoong Sings (S.).
Jurer
Bellar
Ki
Nominai
11
ww
G.D. $1180
£65 £62
414
5281
L57
$73
50 ct.
2215
***
$345
10 ets.
$160
$120
810
8100
8100
33/16
$6.90
880
$3.60
8152
827
18/0
་་
831
$32
$100
Wing Ou Textiles (8.) "
Public Tilities
$16H.K. Tramways................. $7.40 Peak Trams (old)..... $3.70 Peak Trams" (new):
$21
Star Farris Yati Ferries................................ $1 Chinn Lighta (0).............
China Lights (Now)..
ELK. Electrica (Oidí...
$38 H.
‚ K..
Electrics Now)...
817
$16
Macao Electrios (Old)
Macao Electrics (Now)
$11 Sandakan Lights....
$22 Telephones (öld)........
$81 Telephones (10).......... S'pore Tractions (Ord.)
Industrials
| $14,90) Cald., Macg,' (Ord.) B.
$12
Cald., Macg. (Pruf.)B.
$1 Canton Ice.....
MT+
#42 H.K. Ropes
$00 4% Loan
$3.65
$34
MINISTER'S APPEAL Employers who have maintenance LONDON, Aug. 7 (Reuter) -- On the Stock Exchange yester-shops from which they can release day, business was too sina}! to skilled workers for work on ana provide a real test of prices. production are urged to do so by
sections appeared to be slightly
His appeal, which was made last easier,
night after the first meeting of Gilt edged advanced. at first the Labour Supply Board, under-
lines the suggestion made in The but subsequently | reaction, partially
of Daily Telegraph yesterday that there are industries, including the support.
Egyptian holdings advanced but newspaper industry, which could other foreign shares were quiet.
Pure mechanics for employment in the munitions trades, Industrial holdings were irregu
Addressing both employers and lar and ails were occasionally
workers. Mr. Bevin says: better.
there on
Wall Street was steady,
Jack
ALLIED NEWSPAPERS LIMITED
LORD KEMSLEY'S
REVIEW
#
The sixteenth annual general meeting or Allied Newspapers Ltd.
Sir Francis Voules. C.B.E. (chairman and managing direc tor), in the course of his speech, said: Our restricted crop for the year - was 7,350,8881b · all "grades,
Northern Ireland's which represented 59 per cent. of
Contribution
our standard production.
The gross average price London LONDON," Aug, 27 (Reuter) landed terms received for the sale Northern Ireland's provisional. of our exportable rubber was contribution to the Imperial Ex-10.26d per lb, which represents chequer for the year is to be in an increase of over 218 per lb over creased to £5,000,000, announced that of 7704. per tb realised for the Minister of Finance,. Intro- our 1938 sales. It is also of in- ducing the supplementary budget terest to point out that the price of Northern Ireland in the House realised for our 1939 sales was lid w...! of Commons.
per ib above the gross average Price of spot rubber in London during 1930...
"I am sure that there are many Jobs where work could be so ar. He also stated that 90 per cent. ranged that skilled fitters or tool instead of 75 për cent, of Ulster's room workers, for example, could saving certificates were to be be released either permanently or passed to the British Exchequer. temporarily for work on essential production.
more
SILVER MARKET
A balance of our exportable rubber of 245.9981b remaining un- sold has been valued at Old per 1b net-a conservative valuation, In addition, our stock of 1,589,93 lb has been taken into account at 44d per lb, ap- proximately the fab. cost of pro......
unexportable
Lands, $32. Cements, $15.
SALES
Providents, $3.56.
Hotels, $3.10... Trams, $15.50.
HONGKONG ·
SHAREBROKERS
ASSOCIATION
Volume of Business Transacted
on Wednesday, August 7.. HK. Electries' (0) ...200 $36.75"
-300
37.00
300
The total value is $11,850.00.
"I am not asking that anyone should leave his present Jobˇuntil there is another job for him to gu
LONDON SILVER to, but I appeal to firms with
London, Aug. 6 (Reuter). maintenance shops to discuss the
Silver-General buying. small duction. Costs during the year after deduction of surplus liquid matter with their skilled workers offerings, Business moderate, mar-were slightly higher. and to tell the local Employment ket steady. In the afternoon, the Exchange what they would be market was quietly steady. willing to do.
"They should give the Employ-
was held recently at the Stationment Exchange the names and ad- ers' Hall, London,
dresses and occupations of the men
H
Lord Kemsley (chairman) pre-who are willing to go and whinn sided, and was supported by the!
they can spare, Hon. Lionel Berry (deputy chair- "Even a temporary loan of ski- man), Mr. W. M. Teasdale, Mr. Hed labour is important at the pre- N. Heywood, Sir Robert Webber,sent time. and I ask the employers Mr. V. Ewart Berry, Mr. H. J. Sta- concerned to consider whether ines and Mr. William Veitch; directors of the company.
The chairman, in the course of #3.70 his speech, said: The trading pro- 161
its amount to £870,222, as com.. pared with £880,828 for the pre- vious year. This is, I think you will agree, a satisfactory result when we consider that the four months of .conflict were preceded by eight months of uncertainty and anxiety.
$200
=
$15
$8
The increased price of new-. 357 sprint and the fall in advertising $21 revenue have been met as far as $6.30 possible by publishing smaller papers, the cessation of free in- $36 surance, and economies in other
directions.
1367
ADVERTISING IN WAR-TIME
132
We are doing our utmost in $8,30 | difficult circumstances, to give the pubilc the newspapers it wants. In often equally dimcult circumstan ces adverthers are doing their best to help us to this end. We are grateful to them, and in our gratitude we must include the
SHOE CO. LTD
HONGKONG SUPPLIES ALL KINDS OF FOOTWEAR
SUEZ CANAL CO. ASSETS
HELD BY U.K.
RESERVES HE
Spot, 23d
Forward, 22-11/16d.
BOMBAY SILVER Bombay, Aug. 6 (Reuter). Market-Quiet. Oftake 25 bars.
Indian Mint Silver
Ready
Aug. 28 Settlement
Sept. 25 Settlement
83-00 82-15 63-15.
The company's standard produc- tion for 1040 has been agreed at 12.760.284b, an increase of about 313.000lb over last year.
LOW CAPTTALISATION
assets, say £22 per acre.
This policy is being continued in the present year, when 339 acres of our oldest rubber are be- ing replanted By advantageous purchase of planted areas, by re- serves, by new plantings -ang. by The company's planted acreage replanting, the directori consider has beeh increased during the that fall proviston has been made year as explained in the report, for amortization of your proper- and now stands at 28,2221 acres, ties. The company's estates nave representing a capitalisation at been well maintained during the par of just over £28 per acre, and year.
#
cess
Hongkong Daily Pre CLASSIFIED ADVERTISEMENTS
FOR SALE
A selection of the best varieties of
RELIABLE & TESTED "FLOWER ‘AND VEGETABLE
SEEDS
From
照
ROYAL STUDIO
"
Art Photographer
Excellent Enlarging & Developing
39, Queen's Rd. C.
Tels. 21184 & 33008-
HOTELS
RUSSIAN CUISINE
MORE POPULAR EVERY DAY
METROPOLE HOTEL
ADUTIONKERS
50 ata.
Cementsta
$16
#47
HE. Gori. Loans
109
(1934)..
$95
(1940)...
$184 $0.20
advertising agendes, which find it, “In the House of Commons yes... hard in these days to keep their terday Bir Kingsley Wood, Chan- expert stams together and yet are cellor of the Exchequer, stated Messrs Suttons & Sons, Reading.
Messrs. Allee. Burpee & Con holding their end up very well that the assets and reserves of
Philadelphis Their efforts will not be forgotten the Suez Canal Company held in
Co., Ltd.
LAMMEETS
$96 31% 895 31%
Miscellaneous
$18 Dairy Farms....
$6.60 Entertainmeņis
$1.60 Constructions (old)...........
$1 Constructions_(nWW}....}
$745 Lane Crawforda.
$2.18 B
Nanyang Tobacco...I
Sinceres Ψάματα
36, Ch. G.6% 1925G $Bda
836
ak, Wing 00*****
S'hai Wing On
#8 Vibro Piling
8/1 Marsmans: Inv. (Lon,"
4/0 Marsmans lov. (H.K.)
$1
Wm, Powells...
+8sle to Shanghai
Bydney
The opportunity of serving you will be a pleasure and your commands will have our best attention.
As a last word, I can say only Paris were in French francs and Messrs. Arthur Tates $1.88 this. We are passing through a could not, therefore, add to the
time of national strife, of national enemy's external resources, crisis, of national danger. This A great part of the Company's 19.05 company, and, indeed the whole assets and reserves were, how 38.10 newspaper world, has only one ever, held in the United States 38% idea which is that of the whols and were, therfore, blocked un- $30 nation-100 see it through der general measures taken by theBritish and United States Governments, in
13
(Cheers).
The chairman moved the adop tion of the report and accounts.
The Hon Lionel Berry seconded the resolution, which was carried unanimously,
He understood that the ques tion of current lets yas being left in abeyane so tar DEMA tish directors were concez
GRACA & CO. No 10 Wyndhjun Street
'GREATEST COLLUTION OF
BARGAINS IN TOWN!
MECHTON PAREM
Jimmy's
TKA: DANCES' Tuesdaya
Thursdays.
Baturdays
Sundays
5 to 7.36-MI..
ENGRAVERS
FEI FEI & CO. Photo Engravers
18, Cochrane Street, Telephone No. 2224
INSURANCES
The National Mutual Life
of Australneta oders you the bank poditions for fund for old age, and your family in case
· Azzuities, and advestizal policia ja also inned. Inmore now. Omes $48% Den: You Bd Cafe (5th Coom Room No. Bank of Cantons Build-
ing, Ho