HONGKONG DAILY PRESS
Finance and Commerce
Commercial Value Of Indo-China: America Supplies Most H.K. STOCK
Of Her
Her Imports
The Union of French Indo-China, in South-Eastern Asia, is France's largest and most important overseas possession, says a special report by the Washington Bureau of Commercial In- vestigation.
of
important other
Forming the eastern half of the peninsula which protrudes
east into the China Sea, directly south of China and Thailand (Sam), it has an area of approximately 285,000 square miles, over a third larger than the mother country."
at the Corn malze) is an consists Union The Colony of
the export to France, while Cochin China, French protectorates of Cam agricultural products produced in bodia, Laos, Annam, and Tonkin, commercial quantities are rubber. and the small leased territory of cassava, pepper. cinnamon, tea, Kwangchow, on the coast of copra. vegetable oils, kapok and Kwangtung Province, China. The cotton." country as a whole is governed by
Fishing is a secondary but, im-.
Fish a French administrative organiza-portant native occupation. tion, having as its head I Got forms a major clement in the ernor-General appointed by the French Ministry of Colonies..
VAST DELTA
native diet and a considerable surplus is shipped to neighbour-
ng areas.
RUBBER INDUSTRY
FINANCE & GENERAL
ENGLISH TEXTILE MACHINERY COMES TO CHINA
After a hundred years of textile trade between China and Co-operatives are Lancashire, and as the Chinese Industrial rising as a national movement, England is also contributing its distinct 'share. It is now giving China through the CIC the most suitable type of machinery for use in Its new industries, An English H. F. Set for textile work was acquired by the CIC eigh- teen months ago. It took fully a year
to Kot this expensive machine transported to the Co-operatives in West China, Already Chinese workmen are very quickly become self-support- making a copy of this machine, ing. With the increasing furious which they can do better from attacks by the Japanese cn towna. the original than from any blue in this area, we are doubly grate- With the exception of a mo-print Financially this has been ful for this foresighted contribu derate line of Old Electrics @made possible through a grant of tion to our work
from $37.45 business was on a limited NC$52,000
the Hongkong scale.
Committee of the British Fund for Relief in China,
EXCHANGE
BUYERS
Wednesday, Aug. 38,
Lands. $29.25.
Humphreys, $6.50,
Realties, $3.10.
Trams, $15.40.
Yaumati Ferries, $31.25. China Lights (New), $3.50, Electrics (Old). $37.25... Electrics (New), $35.75. Telephones (Old),-$21:85,
SELLERS
Ching. Underwriters, 10 cts." Docks (Old), $15.75, - H.K. Mines, 2 cts. Vibro Piling. $8.
SALES
Electrics (Qld), $37.45. H.K. Ropes. $5.
When this copy is finished, it will be sent to the Northwest for use in one of the CIC textile co- operatives there.
"YUNNAN SILK INDUSTRY
KUNMING, Aug, 28 (Reuter) ---
To develop Yunnan's silk industry. In addition to its other generous the Yunnan Provincial Govern- grants. the British Fund for Re-ment is planning to cultivate 200,-
lef in China has made another 000,000 mulberry
trees, in the gift to the CIC of NC$12,000. Many province within five years and of the "cooperatives in Szechuan also to train up a number of have been reduced to a perilous technicians in this field condition during the recent heavy Japanese air faids and this fund has been sent to us for the relief of such co-operatives and Co- operative members.
HEALTH CENTRES
SILVER MARKET
LONDON SILVER- London, Aug. 27 (Reuter). Silver: Little" speculative buy- Practically the whole of Cochin
exchange operations." Control of
The establishment of four badly mg. Small offerings. Business China, Cambodia-and-southern-Fostered by subsidies from the the latter is designed to conserve
Market steady. In the Lacs constitute the vast delta and French government, rubber cult-and direct the use of all foreign needed health centres in the North-small. flood plain of the Mekong river, vation has developed rapidly in exchange, and is closely connected west area has been made possible afternoon, the market was quiet
Special conditions with the control of importa,
through the grant of NC$40,000 and idle. which rises in Eastern Tibet, flows recent years.
Spot, 23-7/16d. โ through the whole of Yunnan of soll, climate and labour, as well
All imports from countries other from the Foreign Auxiliary to the
or its Chinese National Red Cross. These Forward, 23d, empties as private capital and initiative, than France, its colonies, province in China, and into the China Sea.
also have contributed to the sus allies, are subject to permits or Health Centres will be erected well cultivation of rubber. dinarily required only for essen-outside the four cities that they' .. This plain is given over almost cessfu! entirely to the cultivation of rice. Indo-China is a party to the in- tial goods not obtainable from are to serve. The funds will be used while deltas of the Red and Black,ternational rubber restriction France. Under the wartime mea-for erecting buildings and provid- Rivers In Tonkin provide addi-Fagreement and was allotted asures, exports of certain productsing equipment.. tional rice regions in the north. quota or 60,000 tons in 1939. Ex-to foreign countries are prohibit-
toled. while permits' are High mountain ranges in Annam ports
at for all others.
that "year amounted pounds, valued
run between these two great rice 151,854,000 areus and extend north to the $24,390,000, or 27 per cent of the mountainous peaks along the total export trade.
Chinese frontier. dividing the narrow coastal plain from a large interior plateau of forest. North-
ern Laos. also.
is mountainous
and. In general, thickly forested.
1938. CENSUS
1936 in the
Forty per cent, of the rub- to the ber shipments went United States. Indo-China's production accounted for 8.5
of the total per cent.
world output of rubber in 1939.
Rice rubber. corn. fish and Of the country's 23.030.000 in- habitants. 22,837,000 were classed minor agricultural products com- census, prised about 85 per cent. of as natives Chinese residents number 325.500 Indo-China's export trade in 1939. and other Asiatics, 5,400 Pre The remaining 15 per cent con... the country's dominantly French, the European 'sisted chiefly of populatich consists of 41,285 mineral products, of which coal most important: Tin, -French-including 10,574 arined is the "forces and only 975 Europeans of tungsten-zinc-lead-graphite.
and gold ¡phosphates other nationality..
Of the main racial groups, the produced in commercial quanti- Annamites approach the Chinese ties,
also
A small amount will be kept to necessary help the work in the initial stages. but it is anticipated that they will
HONGKONG SHARE QUOTATIONS
SHAREBROKERS'
Mercantile Bka. "A".
ASSOCIATION
Bayer
Ballers
Salon emin
***
£89
£82
$85
BOMBAY SILVER Bombay, Aug. 27 (Reuter). Market-Steady. Offtake 50 bars
Indian Mint Silver
Ready
Sept. 25 Settlement
Oct. 23 Settlement
83-14- 63-13
LONDON METALS
EXCHANGE
London, Aug. 27 Reuter). Tin, Standard, Cash, Middle Price, 258-3/6.
Tin, Standard, 3 months, Middle Price, £258-7/8.
Market eased on continued Bri-
fle 3/16 tish smelters offerings and cessa- tion of dealers support, which had £11f been the mainstay of the market $73
recently. Market steady at the 50 ct. decline.
STOCK EXCHANGE
Bayer Sellers Hale Nomial
WEDNESDAY 98 AUG.
Banks
$1250
H. K. Banks
$1235
£88
Do. (Col. Reg.)
£63)
Do, (Lon. Rez.)
26 3/16
Chartered Banks
F28
PU
Mercantile Eks, "C".
$73
Bank of East Asia.....
N. C. & S. Banks................. Insurances
$210.
are
10 cta.
$35 Union Insurances.....
Underwriters
8387
10 cts.
$140 H.K. Fires.
8140
Shipping
$120 Douglases
$120
811
Steamboats........
$10
$100. Indo-Chinas___[Prof.)...
8100
$100
32/6
26.00
in tradition, language and cul- The forests of Indo-China pro- ture while the Cambodians and vide valuable tropical hardwoods, Laotians are closely akin to the bamboo, lacs, herbs, and essential Thai peoples. Excluding Occi- ulls, all of which enter into th
number of country's foreign trade. dentals and a sinall
INDUSTRIAL DEVELOPMENT educated natives, the bulk of the
Industrial development is limit- population is largely illiterate,
with a relatively low standard of ed, as the normal French policy
living and
power.
limited purchasing has been not to encourage indus-. trial development in the colonies! that would tend to increase com- petition with the Industrial ex- ports of France.
In spite of numerous credit organizations designed to im-
the
rural country's prove
Indebtedness and economy, their struggles against the difficult climatic have tended to
the peasantry,
.
conditions
impoverish
A number of articles, however, manufactured in Umited are
silk and quantity, and cement, cotton goods, laces, glass pottery, leather, matches, bronzes,
EXPORT TRADĖ“
$30
Cantor-Insurances..............
Indo-Chinas (Def.).....
Providents ....
32/6
Shella
- 26.90 || Waterhosts
Docks, Wharves,
Godowns, etc.
$90
$3.95 $4
83 95
816.90
815
H.K.. Docks (New).....
820
16/0
$9.55 Ruube
2 cts.
II.K. & K. Wharves... $85
H.K. Docks (Old)..... 815 810
Shanghai Docks.....
Kailans
Mining
Hong Kong Mines....
19.9 Shanghai Lands...
H.K, Realties.
Humphreys
$101 Chinese Estates..
Cotton Mil
84
$15 8281
16/0
::
#3.20
$81
and
Lands, Hotels and
Bulidings
$3.40
$29
H.K. & S. Hotels....... $3.40 1.K. Land......
#29
X.D
$100 Do. 1% Dabentures....
$100
$3.10
$6
201
833) Evo (8.)
8210
'hai Cottons (8.)...........
8361 $210
Zoorg Bings (6.).....
Wing On Textiles (8.) $125
Public UtilitiesTM
H.K. Tramways.
$15.40
$8
Star Ferries.
$377
Y'mati Farri...
$21
China Lights (0)......
88.45
83)
H. K. Flectrice (Old... $37,10
COMMERCIAL CENTRE and fish sauces of domestic pro 320
are exported in small Saigon, near the mouth of the duction Mekong, is the commercial eentre quantity to neighbouring coun-. and largest city, with a populatries. tion of 256,000 including the ad-.
Chinese' area of Cholon,. In 1938 Indo-China's total ex- Jacent The capital of the Union is port trade was valued at $89,200,- Hanol, in Tonkin. Haiphong. also 600 of which. $28,760,000, or 32.5 in Tonkin. is the port of the per cent, represented trade with north
France. The United States, with Since removal in 1938 of the 12 per cent, of the total, was the Chinese government from Nan second market. If, however, ex-815.40 king to Chungking, in Szechwan ports to Hongkong, which consist province, the French controlled largely of 'rice destined for China, railway running from Halphons are included China becomes the to Yunnanfu (Kunming), capital second market. nt Yunnan province, has gained Under in commercial
the
Franco-American
erd strategic im- trade agreement, American pro- portance, and is practically the ducts, with a few exceptions, are only outlet to a seaport east of admitted to Indo-China subject Rangoon that is available to "free" to the minimum China's foreign commerce.
:
1
$7.40 Peak Trams (ald).....
$3.70 Peak Trama (new)....
China Lights (New).....!
$67
$21
$6.85
$31
$371
$37.10
917
$16
Macao Electrics (New)
$11
7.
tariff rates established with France. In 1999 $21.80 Haiphong also has good rail- total import trade was valued at 381 road and highway connections $60,420,000, of which 568 per cent. with the northern portion of represented" imports from France.
SOURCES OF IMPORT Indo-China, for which it serves as distributing centre. The southern. In recent years the United half of the country is supplied States has held first place among from Saigon via the Mekong river, 'western sources of importa, sup- main artery of commerce and plying goods valued at $2,520,000 transportation. In 1937 total rail-In 1939, compared with British way mileage was 2,088, while there imports of the value of $1,710,000 were 16,660 miles of surfaced and of imports from Japan to the highways.
value of $1,017.500,--
STAPLE CROP
agricultural,
Essentially
$15.10
The principal commodities en- $17.60 the tering into imports from the and chief United States are raw cotton, machinery. metal source of wealth is rice. Proxi- automobiles,
country's staple crop
mity to China warrants a pri. manufactures and petroleum pro- vileged position, in supplying that ducts. Imports from Japan have country's rice needs, and an aver consisted principally of
cotton
ནི་
1:19
$35.90 H. K. Electrics, New)... $25.80
Macao Electrics (Old);
Bandakan Lights........
Telephones (old)........
Telephones (new) 8pore Tractions (Ord.) Industriais
$14.00 Caid.,.Macg. (Ord.) 8.
$12
81
Cald., Marg. Pref.)S:
Canton Ices..
Cements
H.K. Ropes ****
ILE. GOTL. Lorns B99h 4% Loan
$96.31%
$95 3%
(1834).. (1940) Miscellaneous
Dairy Farms.........
66.60 Entertainments
$1.80 Constractions (old)....
81. Constractions (new)....!
37.45 Lane Crawforde.
#
#161
100%
$
:
::
***
THURSDAY, AUGUST 29, 1940.-PAGE 9
PABST
BLUE RIBBON BEER
Around the World, it's Pabst Blue Ribbon
Pabst
BEER
From the Riviera to Singațiere
.. from Buenos Aires to Bombay... in the mariest clubs, restaurants and bars as well as in the fine homes you fund this world-favourite of beers!
Because Pabst Blue Ribbon is in a class by itself. The lighter, zestier beer for keener. refreshment. Nothing heavz or syrupy to slow -up its delightfully invigorating action.
And wherever you crder Pabst you'll find it always the same, Fure. Delicious. Wholesome. For in every tangy, thirst- quenching drop, we give you Guarded Good- ness from Grain to Glass your absolute guarantee of the highest quality that Nature, 95-Year Skill and Modern Scientific Control can produce.
DODWELL & CO., LTD.
Queen's Building.
"SPECIAL
Tel. 20836..
SALE"
AT LOW PRICES ·
New Laid Leghorn Eggs
FROM THE Diamond Leghorn Farm
Sole Agent:
HUNG CHEONG
66, NATHAN ROAD, KOWLOON TELEPHONE 51188
PRE-PAID ADVERTISEMENTS.
The following classes of 'advertisements are charged at the price given below 1- SITUATIONS VACANT. HOUSES AND APARTMENTS WANTED.
HOUSES AND APARTMENTS TO BE LET. MISCELLANEOUS WANTS.
Announcements not exceeding 25 Words are inserted under this heading at a Pre-paid
Rate of $1.50 for THREE INSERTIONS.
Reply of the following Box No. ha
WANTED KNOWN
AIR RAID SHELTERS. The Anglo Chinese Commercial Company is prepared to construct Air Raid Shelters to order. Consult us for advice. Several Jobs already com- pleted in Hongkong, The Anglo Chinese Commercial Co., "Room 5. 22, Des Voeux Road, C. Tel. 33829.
"VANITY" Mezzanine Entrance
If Charges collected, $2.00,
ve been lying at our office 463, 404.
HOTELS
RUSSIAN CUISINE MORE POPULAR EVERY DAY
METROPOLE HOTEL
We pay high prices for all Gold N. Lazarus & Co., Fedder Street..
Beautiful Selection of Evening & Silver articles, Diamonds," Jade Dresses also Day & Afternoon and Gold dust. Apply China-Gold- FTOCKS. Costume, Jewellery, Cos-Refining Co., Pedder Building, 2nd metics and Perfumes. Latest from floor, Room 6., New York.
Experienced Book-keeper Wants Students to form a class. Quaraz tee students to keep a whole set of books after completion of a course of 6 months. For Term and Par ticulars. Please Apply to:-Box $31.86 No. 453. c/o H.K.D.P.
-68:70-
50 at
806
WANTED TO BUY
Wanted to Buy 2nd Hard Type- writer in Good Condition. Please
FOR SALE
For Sale Fifty sets of Jubilee and Coronation Stamps 1st day Cover. What offer? Please apply to Box No. 485 c/o The H.K.D.P.
FOR SALE
apply to Box No. 464 e/o The A selection of the best varieties of HKD.P.
WE PAY EXTRAORDINARILY
high prices for gold articles. Apply
Hong Kong Gold Refining Co..
'RELIABLE & TESTED
FLOWER AND VEGETABLE
Room 446, 10 Queen's Road Cen-Messrs.
SEEDSMA
From
Suttons & Bons, Reading.
$17tral, Wang Hing Building, 4th Mears. Atlee Burpee & Co../
Philadelphia
1358 Messrs. Arthur Yates & Co., Ltd.,
Sydney
$8.90 Floor.
$1.85
Nanyang Tobacco....... $3 $2.16 Sinceres
HONGKONG
$2.10
$8.56 Watsona
ནཝཱ ཏ
SHAREBROKERS
ASSOCIATION
II.K. Wing On
$39
Volome of Business Transacted
$14
$8
Vibro Filing.
on Wednesday, August 28"
Boon after the outbreak of the European war decrees were pro- mulgated in Indo-China for the regulation of foreign trade and
8/9
HK. Electrics (0.)... 400
Marsmans Inv. (Lon.}}
4/0
Marsmans Inv. (HK)
HK. Electrics (N.)
100
$1
Wan. Powells.....
*Bale to Shanghai,
500
age annual crop of 2,500,000 tona, varna and plece goods, and, have Chinese been checked in recent years by is sold chiefly in the
the imposition of quotas. market.
Exports of rice in 1889 were valued at $35,370,000, approxi- -mately 40 per cent, of the total
export trade,
857 Ch. G.5% 1925$Bds. $39
S'hai Wing On
E
$37.45
36.25
The total value is $18.605.00.
The opportunity of serving you will be a pleasure and your commands will have our best attention.
GRACA & CO. No. 10 Wyndham Street P. O. Box 020 Hong Kong.
TEA DANCES Tuesdays
Thursdays
Saturdays
Sundays
5 to 7.30 p.m.
ENGRAVERS
FEI FEI & COTM Photo Engravers
18, Cochrane Street, Telephone. No. 22224,
AUCTIONEERS
GREATEST COLLECTION OF BARGAINS IN TOWN!
..!
JAMMERTS, MUTRIN ROOM Lamins ry, Brofr A GOPALAN
Hard could Telephone NO NOV24
Jimmy's
INSURANCES
The National Mutual Life Associa- tion of Australama, Limited is not accepting new. business in Hong Kong at present, Any enquiries should be made at the ofice:-8," Des Voeux Boad, Central (6th floor Room No. 45), Bank of Cantóni Bullding Hongkong..
Tel. No. 27473)
Resident Secretary,"
H. R. WELLS.