HONGKONG DAILY. PRESS
*
Finance and Commerce
MONEY AND
EXCHANGE
CLOSING QUOTATIONS
SEPTEMBER 8, 1940. -
On London:
Telegraphic Transfer. 1/2 7/9 Bank Bills, on demand 1/2 7/8. Credits 4 months' sight 1/3 1/4
On Shanghai:-
On demand
On Bingapore:—
On demand...........
415.
62 3/4
On demand 94 1/2
On Japan:-
On India:
Telegraphic
and demand
On New York:-
Transfer. |
☺
Canada's Export Balance On Tourist Trade
Canada's net export balance on tourist trade last year was $165,975,000. This amount is supplied by the tourist trade to the funds available for meeting Canada's "International pay- ments. The total net export balance on Canada's account in these transactions last year is estimated at 3209 million, so that the Dominion last year built up a good margin for the needs of war purchasing.
FINANCE & GENERAL
OPERATION OF PURCHASE TAX
SATURDAY.
SEPTEMBER 7, 1940. -PAGE
"BIG FOUR" OIL
TALKS
Continued From Page
LONDON, Sept. 8 (Reuter The Treasury is shortly making the storage tanks of Japanese an order fixing a date on which submarines based uncomfortably the Purchase Tax, will come into close to Batavia in the Spratle operation,
Islanda? "Mo «Tuns the JADARASA
All taxable goods delivered up thesis. der unchargeable purchase after
Then come the Luich rebuttals. that "date will be able to tax
The oll deposits in the Indies even. Registration of manufacturers
at the present rate of production. and wholesalers dealing with tax may not last more than 25 years able goods is already progressing and much of this already is con-
such fumus must
tracted, fur. Actually one impor- apply to be registered by Septem-tant commitment is for the par- ber 20, failing which they are tint supply of British naval ves- liable to a fine of £10 for every sela ot Singapore which might
Indies.
and
The balance in favour of Canada |spent $262,358,000; while Canadian/day the failure to register con-speed to the defense
on tourist trade was provided by tourists, in the United States spent tourist expenditures in Canada $94,699,000, amounting to $274.771,000, against which
Un a culemation based on the was set expenditures by population of Canada and the 821 Canadian tourists abroad amount- United States, these figures indi-
Ing to $108,796,000
Bank Billa, on demand 22 1/4 Credits, 60 days' aight 23 1/8
On Batavia:-
On demand
On Paris:
On Saigon:-...
41 8/8
Bank Bills, on demand 1085 Credits 4 months sight 1160
-----On-demand...
On Manila:
On demand
On Bangkok
On demand
-08-3/4
44 1/9
149 Ye
On Sterling Notes:-
Bank Buying Rate
1/0 1/2
Bar Silver per oz.
23 7/16
Market Report
FROM ROZA BROS. Silver prices were unchanged
The Dominion of Canada nas
cate that Americans in Canada Even though expenditures by spent $2.00 per capita approxi- visitors to Canada are much mately, while Canadians in the larger in bulk than Canadian United States spent $5.50 per tourist expenditures abroad, on a capita. per capita basis. the outlay of Canadians for travel is much had in operation since 1934 a greater than that of United States Canadian Travel Bureau to under- citizens in the Dominion.
take tourist travel proinotion The export balance on Canada's a national effort and lo assist tourist trade last year was six tourists with information regard- million dollars greater than inng Canada's scenic, historical and
tinues.
HONGKONG
SHAREBROKERS
ASSOCIATION
Volume of Business Transacted on Friday, Sept. 6, 1940, A.S. Watsons....
500 $ 9.00 Ching Lights (0)
1,000. China Lights (N) EK, Docks (0)
ot tha
Japan - already is getting a proportion of Borneo oll and she wants some of the addi- tional fuel requested in bulk, depriving Dutch refineries of business which keeps the na- tives employed,
As recently as a few months 7.00 ago the Dutch äld not bother to 4.10 go into such detailed explanations 16.60 with the Japanese. They answer- 16.80 ad briefly that oil production was 16.75 only indirectly influenced by the 16,90 | Indles government, and the whole
Satisfied? Quite !
IT'S
"BLACK
& WHITE"
NO IF OR MAY BE IT'S THE SCOTCH.
MEASURES
629 -100 50 100
£5
500
**K Hotels
1,500
1,000 300
100
3.60 question should be pursued through who might have large capital EXCHANGE CONTROL 3.65 private commercial channels Investments in processing the com- 15.90 directly with the American and modities, is naturally reluctant 16,00 | British concerns affected.
to earmark them free for anyone
500
500
100
200
7,079
1938. Tourist expenditures of other attractions and regarding K. Tramways
with
of travel within the Canadians travelling abroad de methods clined, between these years, from Dominion. This Bureau works in $121.958,000 to $108,793.000 or by co-operation
the various Realtys anout thirteen inlion dollars; tourist, travel and publicity agen while
expenditures by foreign cles, both pubile and private, Star Ferries tourists in Canada decreased only throughout the Dominion. from $281,850,000 to $274,771,000 or The Bureau is assisted by an advisory council consisting of the by seven millions only.
of the Tourists from overseas spent Directors of Information
The total value is $64,253.90.
yesterday the quotation remain $12,413 000 in Canada Last year, Provincial governments, represen-members of the executive com-
Associa
LONDON, Sept. (Reuter) 15.90 The very fact that a round table-at least without some interest Australia has imposed control
3.65urvey among both British and on his invastrient.
closely aligned with the United 3,65 | American off executives is now But the Dutch have much to Kingdom control on foreign ex- 60.00 impending reflects the increased offer Japan is another direction change proceeds from all exports. concern of the Dutch government, and the outsider can be sure that For instance, experts to the Actually both Koloniale. the this inducement will be used to sterling area are payable in sterl operating company for Standard. Its utmost bargaining advantage. ing to the Netherlands, in sterling Vacuum, and the Shell interests. The East Indies, which have lost from an authorised bank or Java have always been responsive to large sources of finished goods in and Curacao guliders, and to special the economic control machinery war-torn Holland and Germany, countries with London of the Indies.
are quite willing to increase their accounts in. sterling from
-accounts, own purchases from Japan in TIN, RUBBER, SALT A large as off may bulk in the big way. As much as the Dutch economic picture of
would like to "take up the slack"TAN KAH - KEE IN hungry
buying American, the low Japan looking southward. It is by only one element. Tin, rubber, prices offered by Japan are too salt and blending ores occupy great an Sales is important positions. Until 1940 tive, in the Indies buys by pries
Japanese requirements had been taga relatively small, The United States
of Tourist and Publicity
at 23.7/18 for Ready and 23.1/4 while Canadian tourists overseas tatives of the Dominion depart-mittee of the Canadian for Forward Silver advices re-spent $14,087,000. Tourists enter-ments and services Interested in tion ported the market as being steady
Canada from the ing
United tourist travel promotion, and Bureaus. · but very quiet. American Suver
States mostly, though not neces-
was quoted at 34.3/4 for Spot, sarily, all United States citizens HONGKONG SHARE QUOTATIONS
York
The London-New
cross- rate was quoted at 402.1/2. New York-London was quoted at-403- 1/2.
Quiet
MARKET
STERLING
There were sellers at 1/2.31/32 up to November, buyers at 1/3 for any delivery
U.S. DOLLARS
H.K. STOCK EXCHANGE
This week has witnessed an all round improvement both in res-- pect of prices and amount of busi- ness transacted. At the close de-
It
STOCK EXCHANGE
SHAREBROKERS'" ASSOCIATION
Bayer Bellers Balon
Sominal
FRIDAY 6 SEPT.
Banks
Впуск
Bellars
$1280/85...
H.K. Banks
£71 265 £6
- Opened with sellers at 22.11/18 mand and supply are unbalanced, with-small-business done sub- the former predominating. sequently at 22.3/4 for Cash would thus seem probable that un- followed by transactions at 22 til resistance point is reached, and 12/16 for Forward and near. The of which there are at present no $3773 market closed at 1 pm, with sell-signs, shares will further appre-
and 22 clate. ers at 22.13/16 for near
Further encouraging War $150 7/8 November, buyers probably at news following on that already 22.7/8 for Cash and 22 15/18 received, would undoubtedly act as 'November.
an added stimulant to the market.
SHANGHAI DOLLARS Opened with sellers at 425.1/2. The highest rate done
was 427.! The market closed at 1 p.m. with sellers at 426.1/2..
SHANGHAI MARKET Sterling opened with sellers at 3.31/64. The highest rate report- ed was 3.17/32. At 1 pm. sellers were reported again at 3.31/84 for Spot, US. Dollars opened at 5.9/32, The highest rate report- ed was 5.11/32 The last rate re- celved was sellers at a.5/16" for Spot.
AFTERNOON - MARKET
Quiet,
STERLING:
The market closed with sellers at 1/2.31/32 up to November, buy- ers at 1/3 for any delivery.
1.S. DOLLARS
Some business was done in the afternoon at 22.7/8 for the last AR11 day of October and also a business was done at 22.7/8 for Cash The market closed with sellers at 22.12/16 for forward and probably Cash, buyers at 22 7/8 for Cash'.
SHANGHAI DOLLARS
The market closed with sellers at 428, buyers probably at 429.
SHANGHAI MARKET
The market closed with sellers of Sterling at 3.31/84 and U.S. Dollars at 5.5/16 Spot.
Shanghai Exchange
Shanghai, Sept. 8. (Reuter).
Official TT Rates
"London
New York
Japan
India
Opening
BUSINESS DONE DURING THE WEEK
!
E.K. Banks, $1275, $1280, $1290,
$1295.
Bank of East Asia, $72.
Union Ins., $377
HK, Fire Ins., $150. Wharves, $87.
$110
211
$72
$1200
414
271
£66
$3774
Do. (Col. Reg:).....
Do. Lon. Reg.) .... Chartered Bankı .......
£28 Mercantile Bka. "A".
Mercantile Bks. "O":
Bank of East Asia...... N. C. & 8: Banks...
Insurances
$210 Canto Insurances......
Union Insurances................... Underwriter .........aga
H.A. Fires $145
Shipping
$100 Indo-Chinas (Pref.)... |
Indo-Chinas (Def.).....
76.90 Waterbosts
10 ota.
$150
*w*
Douglases
| 811
Steamboats
820
26/3
Shells
:
$378
Beta.
100
4863
£11f
$79
50 st
·A
a
inducement. The n-
FEW ILLUSIONS
SHIUKWAN
these
economie in-
Continuing his spection tour of Free China, Mr. Tan Kah-kee, prominent Chinese industrialist of Singapore and Chairman of the South Seas Chin- ese Relief General Association, ar- rived in Shiukwan from Hengyang, Hunan, yesterday,
had a far greater stake, taking And again on the side of hope Independence DX for instance, approximately one for the future
have few third of her rubber from Dutch the Indies: the Dutch
usions. They are about as rea- plantations.
Now the Japanese militariata listic and hard-headed in politics ber of prominent local citizens and
Dersonal
He was greeted by a large num-
profess the greatest concern about as in business. the inviolability of this avenue of
The highest officials in the provincial leaders, including Gen- government ald counteral Ld Hon-wan, Governor of supply of
The Batavia waz essentials
оп the
Kwangtung, A dinner party in his 8210. Dutch, say they must "take ac- considerably
tive steps to guarantee the avall.friendship between the Governor honour was given by the repre ability of such commodities to general and the now fallen Japan-sentatives of various organisations
here last evening. Japan above all other reqntre-ese premier, Hachiro' Arita.. They ments-even those of Queen Wi-were once diplomatic colleagues at helmina's war ally, Great Britain Brussels. But when Arita fell this
But until recently the Japanese was discounted promptly.
offer de. had been unwilling to
3120
++
$10
$100
-
$100
29/0
$6.00
Docks, Wharves,
Godowns, etc.
#67
84,30
$4,20 $18.60
H.K, & K. Wharves... $87 Providenis
finite contracts or even pay for options. What they seemed want was a free "first mortgage. The canny Dutch businessman.
to
H.K. Docks (Old)..... $16 60
$4,90 $16/18.60
$16
$16
H.K. Docks (New)..
$18
$35
Shanghai Docks.......
$35
***
Mining
$15/0
Kailans
18/0
Providents, $3.90, $4, $4.20: Hotels, $3, $3.55, $3.60.
$9.55 Raabis
38.15
2 cta.
Lands, $29,80, $30.
Lands. Hotels and Buildings
Humphreys, $6.85.
Tramways, $15.55, $15.60, $15.70.
$3.65 $30
$31/ 3.60
H.K. & S. Hotels.
$34
#30
China Lights (0), $8,65.
3160
Electrics (O), $374.
$345
Electrics (N), $36.45." $36.40.
86.85
Macao Electrics, $17.
Docks (0), $157, $16.00, Docks (N), $16, $16.10, $18.
Telephones (0), $23. Cementa, $15.80, $16.10, $16) Dairy Farms. $17.95. Govt. 31% Loan (1934), 95,
BUYERS
Union Ins., $377,50, " HK, Fire Ins.. $150. Wharves, $87. Docks (0), $16.50. Docks (N), $18. Providents, $4.40. Hotels. $3.60. Lands, $30.25.
| $15 85
*
FORT:
841
Hong Kong Mines......
****** 03.40
$62
1.1
#31/13.65...
$100
841 $810
"We have no Illusions about economie Appeasement of Japan," said one of these officiats privately recently, When the war party" in
Japan is strong enough and · Europe is weak enough Japan will move against us. The American answer must be planes. We have more than bombers 100 Glenn Martin now. Bell us more.”
PRE-PAID ADVERTISEMENTS.
The following classes of advertisements are charged at the price given below --- SITUATIONS VACANT.
HOUSES AND APARTMENTS WANTED,
HOUSES AND APARTMENTS TO BE LET. MISCELLANEOUS WANTS.
Announcements not exceeding 28 Words are inserted under this heading at a Pre-paid Rate of $1.50 for THREE INSERTIONS. If Charges collected, 82.00.
HOTELL
H.X. Lands............... $994 Do. 4% Debentures....
419-Shanghai Laad
H.K. Realties.... Ilumphreys
$101 Chinese Estates
Cotton Mills.
Ewo (8.) or loadin 9210 Shai Cottons (8.))
Zoong Sings (8.).-)
Wing On Textiles 18.1 $135
Public Utilities
H.K. Tramways... 216.65 $16.80 $16.70
Peak Tram
13.70 Peak Trams (new)......
Y'mati Ferrios...
WANTED KNOWN-
'VANITY" Mezzanine Entrance N. Lazarus & Co., Pedder Street.
Beautiful Belection of Evening Dresses also Day & Afternoon Frocks. Costume, Jewellery, Cos- metics and Perfumes. Latest from New York
RUSSIAN CUISINE
MORE POPULAR EVERY DAY
METROPOLE HOTEL
TEA DANCES
Tuesdays
Thursdays
Saturdays
Sundays
5 to 7.30 p.m.
$15.70
$7.40
Hr
(old)......
Star Ferrics...
$68
8911
93.05
China Lights (0)
$21 $6.70
38.70
83.80
China Lights (New)...
$3.70
$381
H.K. Flectrics (Old)... $38
$36
H. K. Electrics New)... $37
$17
Humphreys, $6.85.
$16 $11
Frams, $16.85.
Yaumati Ferries, $21,50.
8231
89.00
China Lighta (0), $7.
- Electrics (0),¦$38:25-~
Electries (N);: $36,75. *.
· Telephones (0), $24.
Telephones (N), $9,60.
Cements, $16.50.
Dairy Farms, $18:10. Watsons, $8.85%
Entertainments, $6,40.
Macao Electrion (Old):
Magno Electri" (Now)]
Bandakan Lights..........
Telephones (old)........ Telephones (now)....~ S'pors Tractions (Ord.){
---Indártcials
$14.50 Cald., Macg. (Ord) S.
$12 Cald., Macg. (Prel 18.
Canton Ice......
Camantser
H.E. Ropes
48
4.
#
50 oba
$16.10//40
1100
$95
$28}/180
Experienced Book-keeper Wants, Students to form a class. Guaran- tee students to keep a whole set of books after completion of a course of 6 months For Term and Par- €0.10
ticulars. Please Apply to:-Box No. 463 c/o HKD.P.
WANTED TO BUY
WE OFFER HIGH PRICES for
of
articles, any amount gold diamonds, Jades, etc. No holidays, Apply China Building. 7th floor, Tel. 30727. Eurasia Gold Retning
We pay high prices for all Gold & Silver "articles, Diamonds, Jade and Gold dust. Apply China Gold Refining Co., Pedder Building, 2nd floor, Room 6.
FOR SALE
A selection of the best varieties of RELIABLE & TESTED
FLOWER AND VEGETABLE SEEDS
From
Messrs." Buttons" & Sons, Reading. Messrs. Atlee Burpee & Co. Philadelphia
Wanted to Buy 2nd Hand Type Messrs Arthur Yates & writer in Good Condition. Please
Sydney $2.20 apply to Box No. 464 c/o The
HKDP.
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 HK.DP
Etas
The opportunity of serving you will be pleasure and your commands will have our best attention
- GRÁCA & CO.
No. 10 Wyndham Street “P. O. Box 629 Hong Kong.
ENGRAVERS
FEI FEI & CO. Photo Engravers 18, Cochrane Street.
Telephone No. 22224-
UCTIONLEES
GRLATEST COLLECHON (H BARGAINS IN TOWN)
LAMMEETS AUCTION POOM
Jimmy's
#1at
818.10/18
0/3-3/8
#1
-D
5
·ER. Govt. Loans
21-1/4
899 4% Loan
205
18-5/8
305
Hongkong
Sterling
22-3/8
*SELLERS.
,
(1984).... 131%
(1940).... 137% *
Miscellaneous
8p01
Sept.
Oct
Spot
Sept.
U.S. Dollars
$5-9/32 -$6-5/16
5-9/32
Sellers
Opening Closing 0/3-31/64 0/3-31/64. ...0/3-31/04.0/3-31/64
0/3-15/32 0/3-15/32
HK. Fire Ina, $150.
China Underwriters, 10 cta.
$18,10
$17.95
SALES
HK. Govt. 31% Loan (1934), 95.
· 1
HK. Banka, $1290
Union Ins,' $377,50. |
Dairy Farms
$6.60 Entertainments $1.60 Constrictions. (eld). Constructions® (NÓW},
$7.45 Lane Crawfords.........
$2.15 Sinceres
$18
48.20 Co.
$1.85
Nanyang Tobacco......
13+
Watanna
$8,80
Docks (0), $16.80/90..
35
Ch.-G.5% 1925G $Hds.
5-6/16
Providents.- $4.50./
$39 1.K. Wing On
35°/ 30
Oct
i, 8-1/4
5-9/33
Hotels, $3.60/65.
S'hat Wing On
Market: Quiet.
Trams. $16.
8/9
China Lights (19). $410.
Calcutta Exchange
Calcutta, Sept. 5 (Reuter), T.T. on Japan; 81-1/4.
Watsons, D.
Cements, $16.40/50,
Vibro Filing
Marsmans Inv. (Lou
4/0 Maramans Inv. (HK)
Powel
+Hale to Shanghai,
Realties, $3.65/3.80,