HONGKONG DAILY PRESS
Finance and Commerce
Increase In HONG KONG STOCK
Profits
CHINESE ESTATES ANNUAL MTG.
A highly satisfactory year, re- sulting in an increase of $24,288.88 In the nett, profits, and the pay- ment of a final dividend of $2 (making a total of $13 for the year) was reported by Mr. Leung Kwai-tm when he presided at the annual meeting of the Chinese Estates, Limited, yesterday.
Supporting the Chairman were the Hon Sir Robert Kotewall. Messrs. Lau Tak-po. Leung Ting- kai, Li Ka-sze, (Directors), Mr. Fung Ping-fan (Director and Sc- cretary), Messrs. L Po-kwal, E Cheung, Ngol, Mok Han, Lo Kam-kwong, Li Cheong, Kenneth Fung. Mrs. Phoebe Hung. Miss Fung Ying and Chui Long Co.
CHAIRMAN'S SPEECH
The net profit for the year. after providing tor Reserve for Depreciation on China Building ($30,000.00), Directors' and -Audi- tor's Fees and all Expenses, amounts to $180,510.08 which. added to "$127,689.92 brought for- ward from last account, shows total of $308,200.00.
a
A comparison with last year's figures reveals an increase in the net profit for the year by $24.- 288.98 over that of the previous year. I trust that shareholders will consider this result satisfac
EXCHANGE
The market continues firm and fairly active.
BUYERS
H.K. Banks, $1350.
Bank of East Asia, $T1. Canton Ins.,'$225. Wharves," $89. Providents, $5.45. Hotels X.D., $3, Lands, $33.25, Humphreys, $6.80. Realties, $3.15. Trams, $16.60.
Yaumati Ferries, $23.75. Lights (0), $6,20. Lights (1), $1.75. Mectrics (N), "$25.25. Electrics Rts., $15.25. Macao Mectrics (O), $18.60. Macao Electrics (N), $17.50. Telephones (O), $23.50. Telephones (N), 39.0, │- Cemerits, $18. Ropes, $7.50.
Dairy Farms X.D.. $17.25.
SELLERS
Docks (0), $16.25.
SALES
+3
HK: Banks, $1365, Union Ins.. $432.50.
Docks (0), $16/18 15. Providents, $5.45/3.50. Trams, $16.75,
Yaumati Ferries, $24. Lights (0), $6.20,
Electrics (0) X. Rta., $26.30. Watson X.D., $9.90/10.
tory, bearing in mind that a sum HONGKONG
or $17.875.90 was paid in respect
of War Taxation. It is also grati- rying to note that; in spite of the erection in the neighbourhood of several new buildings suitable for offices. the demand for omce- rooms in China Building remains undiminished.
and
SHAREBROKERS"
ASSOCIATION
Volume of Business Transacted. on Thursday, April 3, 1941, SALES
that during HK. Banks.
the year under review al office China Providents 500 rooms and shops were let. This is, no doubt, due to the advan-China Lights (0) tageous positions of the building.. and to the extensive
THREE-YEAR RECONSTRUCTION| PROGRAMME
FINANCE & GENERAL
FOREIGN AID IN CHINA
MEDICAL RELIEF
After some ten months of strenuous work with the International Red Cross In Interior China, Mr. William Jenkins, 'one of the six young Britons who came from England last year to aid in China's medical rellef, has returned to Hongkong..
In an interview with the CENTRAL NEWS, Mr. Jenkins said he had had a serious attack of typhus recently and was in Hongkong for récuperation. He arrived here by plane from Chungking on March
2
After two or three weeks' stay for the IRC. Mr. Michael Sullivan
where he will continue his work Chinese Red Cross to be sent to
Decision Adopted At here, he will proceed to Rangoon is taking propaganda alms for the 8th Plenary Session for the International Red Cross America with a view to raising
supervising the transportation of relief funds, He has been working. CHUNGKING, Apr. 3 (Central)-medicines into interior China. in Kwangtung lately and is expect- Speaking at the dinner party given in honour of the 1,900 C.EC. and CBC. members attending to the 8th Plenary Session at the Chidling House yesterday evening. General Issimo Chiang Kai-shek commend ed the good spirit which prevailed throughout the Session.
While in the interior. Mr.ed to arrive in Hongkong soon. Jenkins did mostly publicity and Mr. Jenkins said he was deeply office administration for the TR.C. impressed by the excellent spirit Travelling most of the time he had displayed by the Chinese students beer to French Indo-China. the in the interior despite the hard- Burma border regions, Kweiyang ships and privations they are un- and Chungking.
dergoing. They are in dire need of
conclusion of the Session to the London
He attributed the satisfactory He said he had broadcast to books, especially those dealing in
and America from medicine, he said. detailed discussion of the various Kwelyang and Chungking appeal- Asked about life in the interior proposals and emphasised the im-ing for relief funds for the dis-from the viewpoint of a foreigner, portance of strict enforcement of tressed in China. He had met he replied that it is enjoyable pro- the resolutions.
Generalissima and Madame Chiang vided that person is fit. At first, he Besides the personnel changes in Kai-shek, Dr." HH. Kung, Vice-was not accustomed to the food. the Kuomintang Headquarters and President of the Executive Yuan, but later be adjusted himself to it. the National Government, the most and other high Chinese officials in It is a painful experience to fall Important decision reached at the Chungking. Prior to his departure in the interior, he said, in view Session was the adoption of affor Hongkong, he said he was of the lack of: suficient doctors Three-Year Wartime Reconstruc-¡ entertained by the Generalissimo and medical supplies. He himself tion Plan.
at lunch!
has had attacks of malaria, dysen- tery and typhus.
SALT MONOPOLY
IN SHENSI
to
Next in importance were the in- troduction of Government salt, Asked about the whereabouts of sugar and tobacco monopolies, and his five companions, Mr. Jenkins the introduction of Kuomintang's revealed that Mr. Evert Barger and land policy in which landowner Mr. Philip Wright are in Shensi as will make his own assessment of Fleid Inspectors for the IR.C. They government levies.
have just taken eight tons
the Another significant decision was medicines to
International that instead of provincial trea-Peace Campaign hospitals there. suries the Central Government will Messrs. Llewelyn Evans and Owen. resume collection of land tax in Evans are in Kwelyang taking order to meet wartime needs. charge of the transportation work
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE,
Bayars Sellors
Salem
Nomica!
SHAREBROKERS
THURSDAY 3 APRIL.
Banks
F.K. Banks
of
ASSOCIATION
Buyer
Bellare
Tomi
U.S. SHIPPING
FOR BRITAIN
FRIDAY, APRIL 4, 1941.-PAGE
SAY
Gordon's
...and know what you're drinking/
DRY GIN
~DRSTELLERY. LONDON.
NO COLOURING matter
NO INJURIOUS INGREDIENTS
"OPEN DOOR" TRADE POLICY IN CHINA QUERIED IN COMMONS
LONDON, Apr. 3 (Reuter) -Questioned about the "Open Door”. trade policy in China in the House of Commons. yesterday, Mr. R. «A. -Butler (Under-Secretary for Foreign Affairs) sald that the Bri- tish Government had for some time been watching the trend of
(cular the effect on British trade
Programme Discussed Japanese polley towards foreign interests in China and in parti-
In Washington
the
Recently he took opportunity unsatisfactory we see it to be. to draw the attention of the Jap- That is why we have taken the WASHINGTON, Apr. 3 (Reuter) anese Ambassador to the present opportunity to bring the matter -President Roosevelt yesterday state of affairs which the British to the urgent attention of conferred with Rear Admiral Government found impossible to Japanese Government" Land. Chairman:: or the time Commission, ön. the
Mari-reconcile with the past protesta- questions of the Japanese Government
tion of furnishing ship tonnage about the maintenance of the for Britain and other phases of "Open Door." $1340 the $7,000,000,000 British Aid Pro-
gramme.
Asked by Sir John Wardlaw
United States Coal. Industry Strike
Mine whether it was right to Later Rear Admiral Land told assume that the
NEW YORK, Apr. 3 (Renter) Japanese had although the strike in the United. reporters that he had discussed ow Kone back 041 all thelf States coal industry is affecting with the President two categories agreements regarding European nearly 500,000 workers. negotia- of the programme, namely, the interests. Mr. Butler Said: “We 16 et. $629,000,000-
appropriation "for have, on
tions are continuing, A settle one hand. Japanese ships and the $200,000,000 appro-
ment is hoped to be achieved" statements, and оп $225 priation for repairing warships.
the other within 48 hours. hand the situation as it is now
3. $1,385.00
$1350
£78
5.474
Do. Col. Bag-)
£78
£76
Do... (Lop. Reg.)
£76
1,000
·5,50
£8 13/16
Chartered Banks.
ES 13/18
..50
5,25
21
Mercantile Eku. “A”.
E21
500
6.30
£10
Mercantile "Eks. "C"".
810
Improvements which
structural HK. Electrics (0) have been X. Rts.
871
Rauk of East Asia.....
$70
T
150
26.30
N. C. & S. Banks...... Insurances
effected in recent years,
HK. Tramways
200
16,75
$225
Canton Insurances.....
The amount of $30,000.00 pro-
300
18.75
$430
Union Insurances..............
$432
vided "for Reserve for Deprecia- Ropes ....
600
7.75
$1
Underwriters
100
24.00 $190
H.K. Fires....................
80 eta $187
ww
100
24.25
Shipping
$125
Steamboats
89+
3,503
$80
$80
The total value is $37,590.00,
260
Indo-Chinas (Det:1
$60
41/10
Shell
| 41/10)
87
97
8135 Douglases
Indo-Chinas (Pref.)..
The taking into eustody of Ger- developing. The Japanese state- The deadlock arises from the man, Italian and Danish ships ments say that their policy is un-Union's demand for a wage in United States waters was not changed whereas the more discussed.
look at the situation the
m- we crease of a dollar daily for several more hundred thousand miners.
tion on China Building is $20,- Yaumati Ferries... 000.00 less than that of the pre vious year. Shareholders may re": member that for 1938 and 1939 the amount annually provided for this purpise was $30,000.00. but last year yout Directors, hav- ing due regard to the uncertainty of the time, adopted the prudent polley of increasing the provision:
LONDON SILVER $50,000.00 However, the re- cepits of the past twelve months
London, Api. 2 (Reuter).' have shown
art actual increase Silver-Very small trade buying instead of a decrease; and your offset by production selling. Mar- Directors, taking into considera-ket steady. In the afternoon, the tion this fact, and also the facts market was idle, with no business.
01
that the Company has now to pay War Taxation amounting to near- ly $20,000.00 and that the amount standing to the balance of this Reserve has reached the sum of $580,000.00, have decided to re- vert to the sum of $30,000.00
די
SILVER MARKET
$88 $5.40
$16
:
***
Waterboats
Docks, Wharves, Godowns, etc.
H.K. & K. Wharves.
86 37+/40 ... Providents
| 818.05| 213.80/18
H.K. "Docks (Ola).... H.K. Docks (New)..... 21+Shanghai Docka......
Kailans
$8 Raube
Mining
1 eth, Hong Kong Mines....." Lands, Hotels and Balldings
H. & 8. Hotela......
H.K. Lands...
197 Do. 1% Debentures.
15/0
PRE-PAID ADVERTISEMENTS.
The following classes of advertisements are charged-at-the price given below s
SITUATIONS VACANT.
887}
85.374/5.40 $15.80/16
$283
HOUSES AND APARTMENTS WANTED.
15/0
$8
HOUSES AND APARTMENTS TO BE LET. - MISCELLANEOUS WANTS,
Announcements not exceeding 25 Words are inserted under this heading at a Fre-paid Bate of $1.50 for THREE INSERTIONS. If Charges collected, $2.00.
Spot, 23-1/2d. Forward, 23-7/16d.
BOMBAY SILVER Bombay, Apr. 2 (Reuter). Market-Offtake" 100 hafs,
$3
X.D.
320 G.D.
$33
$33
$221
812
Shanghai Lands
as
Indian Mint Silver
$3.15
H.H. Realties..
33.10
BRU
197
WANTED TO BUY
HOTELS
"FOR JADED APPETITES!
Ready Apr. 22 Settlement
83-04 63-04
€6.80
Humphreys .....
$3.70
ZD.
898
Chinese Estates........
63-06
WE PAY HIGH PRICES for all gold and silver articles.. Jade diamonds, jewels, watches,
$487
$188
fountain pens. Apply Far East Diamond and Gold Refining Co.
$125
an appropriation for this head or expenditure. This action has
the concurrence of the Auditor. May 21 Settlement
$13 DIVIDEND
There Have already been. four.
payments or interim dividends, your Directors have co-opted his three of $3 a share and one of son, Mr. Li Ka-sze, to fill the $2 a share, amounting in all to vacancy. According to our Arti- $11 a share. Your Directors are cles of Association Mr. Li Ka- DOW pleased to recommend a sze's term of office expires, and final dividend of $2 a share, mak- I shall presently have pleasure ing in all $13 a share for the year, in submitting his name for re- as compared with $10 a share for election as Director for the
# the previous year.
ensuing year, •
The
#161
$234 $6.20
:
$6.20/1
Cotton Mills
$45 Ewo (8.)
2008'hai Cottons (8.).
831
Zoong Sings (8.)...... Wing On Textiles (9.);
Public Utilities
H.K. Tramways........ Pask Tram (old)........ Peak Trams (new).....
8541 Star Ferries----------
T'ati Ferrion......
Chiun Lights (0).....
China Lights (New)..
$6.20 #11
H. K. Flectrics (joldi.....)))
H.K. Electrica(New)... $254
Macao Electrics (Old
Macao Electrics (New);
Sandakan Lights......
Telephones (old)................. | $23.20) Telephones (new).......
B'pore Tractions (Ord.:
Industrials
| Cald", Macg, (Ord.) 8.
Cald., Macg. (Prof.)8
$11.
2015 Ria
8251
BONUS TO STAFF Before moving the adoption of
$16
$17
$12
$237
$9.20
reasons which prompted your Directors to pay such divi-) dends and at such intervais are the Report and Accounts, I wish the exceptionally high cost ofito express my sincere thanks to living that has been prevailing in the Secretary and the other men the Colony, and the requests re-bers of the staff for another ceived from many shareholders to year's good work. I may mention pay as many and as large divi- also that in recognition of their dends as the financial position of loyalty and hard
your $18 Company would permit. Directors have paid to the staff #7 Your Directors must however,
one extra month's salary as a make it clear that these payments special bonus, in addition to the have been made in exceptional:
usual onę month's extra pay at circumstances, and may not be
the end of the lunar year. I trust possible in the future.
that this will meet with your
the
After payment of the final divi-approval.
Work,
dend, which absorba $33,000.00, DIRECTORS EE-ELECTED there will be a balance of $93,-1
700.00, which your Directors pro-
After Mr. Li Po-kwai had second-
pase, with your approval, toed the Report and Accounts, Mr.
carry forward to new Account,
Lau Tak-po proposed and Hon. Bir It is with very deep regret that Robert Kotewall seconded that
Messrs.
'your Directors have to record the
Fung Ping-fan, Leung death in September last of Mr. Ting-kat and L Ka-sze beze-
Li Yau-taun, CBE who was a founder of this Company. and
elected to the Board of Directors.
On the proposal of Mr. Leung
whose advice and assistance had Ting-kal, seconded by. Mr. Li Ka-
$30
$25
#1-
Canton Ice
Cementa
H.X. Ropes
HK, Govt. Ioana
Miscellaneous Dairy Fartos............ Entertainmentat
$9.16
::
$97 14% Loan
$94)
#941
Dix $94 31%
·#
(1934). (1940)..
941
0171
XD.
$18
$6.30 ID.
$0.40
***
༄་།B༅།།ང་
C.D.
$1,80 Constructions. (old)...-.. 31. Cnbstructions (Raw)....
100
371
Lane Crawfords........ Nanyang Tobacco......
$2.15 Sincerca
$925 XD. #01
$39
been invaluable to the Company, sze, Mr. L! Tung was re-elected | #15) In recognition of Mr. Li's services. | Auditor,
Watsons
Ch. G.8%, 1925G $Bds.
.K. Wing On
S'hai Wing Un $7.20 Vibre Pillog
6/3 Mazamiana Înv. (Lon," Marsmans Inv. (HK)
$1.90 Wm. Powells.
$3.80
$2.15
3:10
HK. Electric (Bis) #15.20
tBale to Shanghai
IMKOPE
$24
$6.20/6)
Room 621, China. Building, 6th
$18 floor. (Store will open on Sur-
days and Holidays).
$32.
$531
X.R.$26.10
IL RU
75 ota
General Agent: Chan Che Kee No:4, Lyndhurst Terrace. Tei 26402
WE PAY HIGH PRICES 18, for all gold and silver articles, gold bars, diamonds and tewels, Apply China Gold Refining Co. Pedder Building, 2nd floor, Room 6.
8171
$7.40
any
WE OFFER HIGH PRICES for amount of gold articles,
97, diamonds, sliver, jewels, etc. No holidays. Apply China Building. 7th floor, Tel: 30727. Eurasia Gold Redning Co.
$1.85
$7)
26% "B42.
914
WANTED KNOWN.
Experienced Book-keeper Wants students to form a class, Quaran- 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 "51.90 No.482 4/0 B.K.D.P
..
REAL RUSSIAN FOOD
Tifin $1,20 • Dinner $1.50
METROPOLE HOTEL
BUTTERICK
Expert Ladies Tallor
New Style Ready Made Dresses, Overcoats and Costumes
FOR SALE. Wyndham Street.
Tel. 23815
TAILOR LAM SHIU SHEK 334, Nathan Road, Kowloon, Tel. 57718. Guaranteed delivery 1 sult in 24 hours notice and 8 hours
ENGRAVERS
FEI FEI & CO. Photo Engravers
18, Cochrane Street. Telephone No. 22224,
-AUCTIONEERS
GREATEST COLLI TION OR BARGAINS IN TOWN!
LVAEMEKES AUCTION ROHA!
1: Daunent, alt ther
TEA DANCE
DAILY
EXCEPT MONDAYS
5 to 7.88 FM.
Jimmy's
Help Your Friend and his Hobby by giving POSTAGE STAMPS
for
his COLLECTIONS und SEEDS for
his GARDEN
We can supply the goods of his and your want
GRACA & CO.
Dealers in postage stamps and garden seeds etc..
No. 10 Wyndham Street. Established 1895 HONG KONG