HONGKONG. DAILY P
"PRESS
Finance and Commerce
PROPERTY BOOM-
DUE TO WAR
Notwithstanding numerous new laws necessitated by the war, restricting the free movement of general trade and investment, land and house property showed, throughout the year under review, an upward tendency, state Cheong Koon Seng & Company. Limited, in their property report for 1940,
year closed with a scarcity of va cant dwelling houses.
Sea-side properties were,
few.
リ
JJ
Auction sales and sales by pri- Many compound and bungalow rate treaty were numerous, but houses were constructed during the mortgagees' sales were few, year.
BELGIAN GOLD
IN FRANCE
NEW YORK. Feb. 7 (Reuter)- The exiled Belgian Government is attempting to obtain possession of about $260,000,000 gold sent Το France for safe keeping during the Nazi invasion of Belgium,
M. Theunis, the Belgian Govern-
H.K. STOCK EXCHANGE
FINANCE & GENERAL
BUILDING WANTED FOR WELFARE UNIT
our
"I am anxions to obtain this building as a clinic for Child Welfare, which, at the present moment, occupies a two- storey house further down the road, and it is proving too small for the work.”
Dr. W. L. Blakemore, Health Officer, Rural Area, addressed these words to the Rent Assess- ment Board, today, in support of an application by Messrs. A. T Edwards & Co., Ltd.. agents for Messrs. Credit Foncier D'Extreme
Orient, for an electment order
against Sim Hin Seng, the occu- pant of a house in East Coast
Road.
CHINESE GOVT. WAR BONDS
Committee Formed
To Expedite Sales
The restriction on remittances)
inment's representative in the United out of the Colony and on invest-many cases, directly affected by States, stated the New York State ment in foreign countries con- defence measures, and the fear Supreme Court has authorised a tributed in a large degree to the that they might at any time be writ to attach the Bank of France
Dr. Blakemore stated that the CHUNGKING, Feb. 7 (Central) Neserve prosperous conditions prevailing required for military purposes ren- funds at the Federal
dered them unsaleable.
Banks of New York up to that sum ground floor of the present pre-A War Bonds Campaign Cam in the property market.
mises was used for a clinic, and mittee has been organised Vacant dwelling houses, especial- Rubber Estates also received as security..
His London Government has the upper for the staff to live in: Chungking. Its function is to so- ly bungalows and compound hous- their share of attention but would es, found ready tenants on ac-be sellers and buyers had widely been informed the gold is being He added that there were 8.000 atlicit subscriptions to Chine's war count of the large number of the divergent ideas, as to prices, and sent by air to France from Africa tendances in 1938, and during the bonds, including the Gold Loan past year the figure was only 43 for National Reconstruction and Services stationed here, and the transactions were consequently for the Germans.
short of 12,000.
the Loan for Military Supply of The building occupied by the 1940. respondent, continued Dr. Blake- Generalissimo Chiang Kai-shek more, was much bigger and would is concurrently Chairman, Dr. B be more convenient. adding that H. Kung Vice-Chairman, while the larger space upstairs could ac- Imembers of the People's Political
provided according to the esti-speakers of provincial assembileş and diplomatie and consular en- Toys are members. Mr. Huang Yen-pei is concurrently Chairman At the outset, Mr. M. J. Nassim, of the Standing Committee "of 24 of Messrs. A T. Edwards & Co. members and Secretary-General. Ltd., gave three reasons in support| A campaign for subscription to of the application, namely, that war bonds will soon be started. (1) the respondent had sub-let thea Press reception will be held on premises without permission. (2) Feb. 10 when the programme of the the place was in a very dirty and campaign will be announced insanitary condition and (3) the. wanted for the premises Child Welfare Society. Sim Heng Seng said that the house was the only one in the vicinity for which
SITE DIFFICULTY Owing to the difficulty of finé- ing suitable sites in the proxi- mity of the town and of procur- ing sufficient building materials at reasonable prices, the number was still short of the demand,
Repair Of Kwangtung Quiet conditions continue to pre-commodate more staff, as would be Connell, high provincial officials,
#
River Dykes vail, the bulk of the turnover be-mates for the year.
ing in Banks and Government 3
SHIUKWAN, Feb. 7 (Central)-Loan.. During the past week, the Gov-volume of business was on a small The, Kwangtung Provincial ernment has drawn up a project scale.
mai the
dykes! for repairing along the West River and, the River 4.8 Д precaution
floods.
Repair funds
The demand for shophouses in the business quarters greatly ex- ceeded the supply, and in several North instances prices reached a boom against level, investors being content with include $100,000 appropriated from the provincia; treasury and a small return,
Since the passing of the Increase $200,000 from the national of Rent (Restriction) Ordinance.sury. The Pearl River compound houses did not enjoy vancy Bureau will be responsible the same high level of prices.
HONGKONG
STOCK EXCHANGE,
Buyers Sellers
tor the repairs.
trea-
Conser-
SHARE QUOTATIONS
SHAR BROKERS' ASSOCIATION
Sales Nominal
FRIDAY
7 FEB.
Banks
#1408
$1410
H.K. Banks*******
£83
201
Do. (Lon. Beg.) ....
£a?
Chartered Banks ......
Do. Col. Reg.) ..
Bager Bellare Sorina
+
BUSINESS DONE DURING THE WEEK. HK. Banks, $1405, $1410. H.K. Fire Ins., $167).
Docks (N), $17.
Wharves, $98.
Providents, $51.
Hotels, $3.55.
Lands, $34.35, $34.
Trams, $17.90.
Lights (O), $8.30, $6.10.
Electrics: (O), $401, $401, $40.38. Electrics (N), $391.
Ropes, $9, $94, $9.10, $9, $8.90. Dairy Farms, $19.20. Watsons, $11.15, $11.10. Constructions (O), $1.00. Constructions (N), 80 Cts. Land Debentures, 971.
THREE REASONS
were
1
WATERY BUTTER
The Minnedosa Creamery owned
the Municipality would grant aby the People's Co-operative Com-
SATURDAY, FEBRUARY 8, 1941. -PAGE 9
Satisfied? Quite!
IT'S
"BLACK & WHITE"
YOUR FIRST SIP TELLS YOU IT'S THE SCOTCH.
H.K. LANDS TO PAY FINAL DIVIDEND
FLOUR MILL FOR KWANGTUNG
SHIUKWAN, Feb. 7 (Central) --- The Reconstruction Department
2
At a
the Board Meeting of
Investment Hongkong Land Agency Co., Ltd. held yesterday of the Kwangtung Provincial GOT--" morning the Directors decided to ernment will shortly establish recommend a Final Dividend of flour mill to meet the increasing $1.50 per share for the year end-demand of the product. ed Dec. 31 1940, making, together The plans and budget of the milk- with the Interira Dividend, a have been drawn up and presented total of $2.50 per share, for the to the Provincial Government for period under review.
approval An order for the nettb- sary machinery has been placed with a machine factory in Kwel-
been chosen at a point between Lokchong and Ehfukwan
coffee shop licence, but he was pany Limited, Winnipeg, Manitoba. Norwegians Operate and the site of the mill has
prepared to give up the premises was fined $10 plus $9.25 coats in
Outlaw Wireless LONDON, Feb. 7 (Reuter)
if he were to be granted a licence the police court at Minnedosa, for his other shop, three houses Manitoba, on November 29, 1940, away. Sim said he was afraid for having manufactured creamery Norwegians have been sentenced to that the licence for the latter shop butter containing more than the death by the German Military would be cancelled this year and legal maximum amount of water. Tribunal at Bergen, according to could not then be renewed.
The manufacture of buttet with the Norwegian Telegraph Agency water content above this figure here
The Board, consisting of Messrs.
BROKERS
LOANS
New York, Feb. 8 Reuter), Loans on securities to brokers in New York:-
They were charged with trans B. F. Bridge (President), C. F. is considered to be adulteration by Snell, F. D. Thompson and D. Phi- the addition of excessive water and mitting information about German WK.-ended WK.-ended Wi-ended
30/1/41. 6/2/41 lip; adjourned hearing to Jan. 30. is a violation of Section 6 (2) of armed forces on a secret wireless
the Dairy Industry Act,
$475,000,000 $321,000,000 $297,000,000
set.
1/2/40
$76
$210
$410
$165
!!!
11:
-:
!!!
$3.60
$341 $342
::
318 90
:
$17
$35+Bhangbai Dockt...
18/0 Kailans
$8
Raube
1 cte Hang Kong Mines.....
Lands, Hotels and Buildings
H.K. & 9. Hotela......
H.K. Lauda.........
$97 Do. 4% Debentures...
13.60 Shanghai Lands...... $3.85.K. Roalfies...
$7.95 Humphreys .....
198
$50
Chinese Estates.........
Cotton Mills
Ewo (B.)....
$205 S'hai Cottona (8.)..
Zoong Sings (3.1.....
Wing On Textiles (S.. Public Utilities
H.K. Tramways...................
$3.60
$34
$100
$3.80
SALES
CHUNGKING. Feb. 7 (Centraz
Star Ferries, $58.
Lights (0), $6.
Entertainments. $7.
$14:5
H.E. Govt. 31% Loan (1934), 921.
£83
BUYERS
£81
H.K. Banks, $1405.
$1671
£11
823 Mercantile Eks. "A". Mercantile Bks.. “C”. Bank of East Asia..... N. C. &. Backs..... Insurances
Canton Insurances..... Union Insurance... Underwriters
H.E. Fires...-
Shipping
$136 Douglases
$100 Indo-Chinms (Prof.)...
Bank of East Asia, $76.
211
Union Ins., $410.
876
15 ct.
HK. Fire Ins., $165.
M
Lands, $34.25.
3210
$410
BQ ct
$165
SELLERS
$135
Hotels, $3.60.
811 Steamboats...........
Trams, $18.20.
$100
Lights (0), $0.25.
$60
Indo-Chinas (Def.) ....
$100
Ropes. $8.80.
44/6
Shells...
44/44
$7
Waterboats
$7
Docks, Wharves.
Godowns, etc.
891
H.K. & K. Wharves...
198
Providenta
#54
#54/ 5.52
Lands, $34.29.
918
H.K. Docks (Old).....
$174
H.K. Docks (New).....
$17
និពន្ធ
Mining
18/0
SALES
H.K. Govt. 34% Loan, 92.25 Cts. HK. Banks, $1410.
Hotels, $3.50.
Lights (0), $6.10.
Ropes, $8
Entertainments, $7.20.
HONGKONG
SHAREBROKERS'
ASSOCIATION
Volume of Business Transacted on Friday, Feb. 1941.
LONDON STOCK EXCHANGE
LONDON," Feb. 7 (Reuter)
In the Stock Exchange yesterday. hesitant conditions prevailed at the outset and some marking down in prices occurred but in the ab- sence of any selling pressure the markets closed steadier.
Industrials, especially Tobaccos, were dominated by fears of taxa- tion and Olls were occasionally" a shade off. Kafirs closed steady.
Among foreign bonds Japanese Loans further hardened and the Brazilian and Belgian issues also improved.
Wall Street was firm,
PRE-PAID ADVERTISEMENTS.
JJ
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 25 Words are inserted under this heading at a Pre-paid Rate of $1.50 for THBEE INSERTIONS. If Charges collected, $2.00,
WANTED TO BUY
WE PAY HIGH PRICES. for all gold and silver articles, gold bars, diamonds and jewels. Apply China Gold Refining Co.. Pedder Building, 2nd floor, Room 8.
FOR JADED APPETITES!
HOTELS
REAL RUSSIAN FOOD
Tiffin $1.00 Dinner $1.25
METROPOLE HOTEL
TEA DANCE
DAILY...
EXCEPT MONDAYS
5 to 7:30 PM.
$7.90 H.K. Banks
2 $1,400.00
H.K. Docks ́ (0)
200
H.K. Hotels
500
$50
Entertainments
100
$305
802
$125
$17,00
Peak Tram (old)... Peak Trams (10w)..... Star Ferries.........
$7,40 #34
$57
$34) T'moti Ferries.......
$241
$3.30
$391
$175
$30
H
$25
Celd, Macg. (Prof.)8
#1
$8.00
...
$82
$3.50
$1
Lane Crawfords.....
Nanyang Tobacco...........
China Lights (0)
$1.67 China Lights (New).. $40.36 H. K. Electrics (Old)... H.K. Electrics(New)... $174 Macao Electrics (Old) $16Macao Einctrica (New)) $11 Sandakan Lights...... $25 Telephones (old)....... $10,20 Telephone (new)...... S'pore Traction (Ord,
Industrials
Cald., Macg. (Ord.) 8
Canton Ide
Comenta
HK Hopes
H.K. Gort, Lorm
896) 4% Loan
31%
8921 31% -
Miscellaneous
$19.20 Dairy Farms... Entertainmenta Constructions (old) Constructiona (new)..."
16 $8.10 20.10
$1.45
floor.
B401
***
$391
BANK OF ENGLAND
LONDON, Feb. 6 (Reuter)..........
Jan. 30
Feb. 4 1000's Omitted)
Public Deporte
13.840
Bankers
Other Deposita zim
Other Accounts
Total
110,800
63,010
$1,670
160,500
161,470
75 stk. $18
Government - Securitier
149,950
- 143,200
Other Securities;---
09.10
Discounts and Advances
3,820
9.330
89
Securities
25,460
10,620
(1934)
(1940).
::
Basi
Total
20,080
2,850
Notes and Coins
32,010
30.240
Total Bullion:
1,220
1,300
$19.20
Notes in circulation
599,200
601,050
$7.10
***
Ratio of Reserve to Liabilities
16.58%
$1.65 *Price of Gold at which holdings are valued.. 168/-.
17.15% 158/-
$7}
#3)
$39
$2.15 Sincere-
$11,10 Watsons
| 42/47 Ch. 0.5% 1925G $lds
H.K, Wing Or
S'hai Wing Un S
27.70 Vihre Piling
..
7/6 Morsmans Inv. (Lón 2/8 Marsman Inv. (H.K. $1.80 Wm. Powells.
China Lights(Bighta)
18al Shanghai
FEDERAL RESERVE SYSTEM:
$2.10
811
NEW YORK, Feb. & (Reuter)
35
Feb, 1 (1940 Jan. 30.
(000's Omittedr
Feb. 6
330
$14
Bills Bought
DA, Securities beld
Federal Reserve Ratio
$1.80
Federal Reserve Credit Outatanding,
2,477,000 87,50% 2,503,000
Monetary Cold, Stocka
17.331,000
Industrial Advance
10,373,000
2.184,000 91.11% 2,228,000 22.110.000 7,872,000
2,184,000 $1.73% 2,217,000 22,322,000 7,871,000
The total value is $8,820.00. Govt. Loans 31% $9,000 at Cta.
CHINESE CENSUS
WE OFFER HIGH PRICES for articles. of gold. any amount
The Ministry of Interior has diamonds, silver, jewels, etc. No 17.75 issued a circular telegram to the holidays. Apply China Building. 3.50 different provincial governments, 7th floor. Tel. 30727. Eurasia Gold 7.20 asking them to complete census Refining Co.,
taking in their respective pro-
vinces and. hand in the statistics
as soon as possible. "Any change! 924 hereafter is to be reported to the Ministry every three months.
WE PAY HIGH PRICES for all Jade. gold and silver articles. diamonds. Jewels, watches, four- talpens. Apply Far East Dia- mond and Gold Refining Co.
WEEKLY RETURNS AND REPORTS Room 621. China Building, 6th
WANTED KNOWN
Why not learn all the Fancy latest "Stitches for your dresses and Sweaters.
JOIN THE KNITTING. CLANS AT $3.00 per month (T vice a week lesson). Please apply to Box No. 654 c/o HKDP,
ORDERS TAKEN for hand-made sweaters, Ladies' jumpers, Babies' outfits, etc., at $5.00 each for workmanship.
Wool and mode, desired, to be suppiled by customer.
Send particulars of address, etc., to Bux 502, HKD.P.
Experienced Book-keeper Wants Students to form a class. Guaran tee students to keep a whole set of books after completion of a course.
PACKING CONTRACTOR
Any Kind of Articles will be Packed Carefully and Perfectly
at Reasonable Charges Order will be Secured Promptly
TOMINFAI TELEPHONE 83237, 25827.
YING LEE CO.
REST CAMPHORWOOD TRUNKS NO. 8, QUEEN'S ROAD EAST, WANCHAL
TAILOR LAM SHIU SHEK 334, Nathan Road,
Kowloon, Tel. 57712. Guaranteed delivery 1 mult
in 24 hours notice and 6 hours for a pair of trousers.
ENGRAVERS
FEI FEI & CO. Photo Engraver: 18. Cochrane Street. Telephone No. 22224,
AUCTIONEERS
GREATEST COLLECTION OF BARGAINS IN TOWN!
1.
LAMMERTS ALCHION ROOM
of 6 months. For Term and Par-Loanert, By Thora, fra i moje ticulars. Please Apply to:--Box
No 483 / HED.P
Pod One -l. Telemen- NO NO
Jimmy's
BUTTERICK
Bineri, Ladies. Tailor.
New Style Ready Made Dress, Overcoats, and Costumes FOR SALE.
16, Wyndham Street, Tel. 23815
For Sale Hong Kong Centenary Envelopes
With...: Vlows' of
Hongkong in
1841 and 1941
for
First Day Issue of
Centenary Stamps
at $1.00 per dos. Envelopes
GRAÇA & CO. Dealers in Postage Stamps, Garden Beeds, Picture Books," etc. No. 10 Wyndham Street. Established 1890.
Hongkong