HONGKONG DAILY PRESS
Finance and Commerce
MONEY AND EXCHANGE
CLOSING QUOTATIONS
APRIL 4, 1941.
1
On, London:-
Telegraphic Transfer. 1/2 7/8 Bant Bills, on demand 1/2 7/8 Credits 4 months" sight
On Shanghai:---
On demand
On Singapore:-
On demand...
On Japan:
450
*
59 3/4
On demand........... 162 1/9
On India:—
Telegraphic Transfer. and demand 82 5/8
On New York:-
Bank Bills, on demand 24 174 Credlia, 60 days' aight 25
Oz Batavia
On demand.............. 45 1/
On Faris:-
Bank Bills, on demand Now. Credits 4 months' sight Nom.
On Saigon:
On demand
On Manila:-
On demand
On Bangkok:~~-
On demand
On Sterling Notes:-
Bank Buying Rate
Bar Siver per oz
Market Report
105
48 1/2
Effect Of Lease, Lend Bill On United Kingdom Exports
LONDON, Apr. 4 (Reuter)
.
The effect of the Lease and Lend Bill on United Kingdom export policy was dealt with by Captain Oliver Lyttelton of the Board of Trade, replying to questions in thè House of Commons yesterday.
"
FINANCE & GENERAL
Vichy Raises Debt Limit To Cover Costs Of German Occupation
VICHY, March 23-Marshal Henri Petain's government for the fifth time since the armistice with Germany ýesterday raised the legal limit on borrowings by the treasury from the Bank of France to meet heavy costs of malataixing the German army of occupation. Increasing the ceiling from 85,000,000,000 francs to 100.000.000,000 franës. ·
OCCUPATION. COSTS
Inflation by book transfers to the account of the German govern- ment through the Bank of France. Despite the French government's
The last previous increase, on efforts to obtain a reduction in the occupation costs from the 400,000.- Jan. 20, raised the debt limit from 000 francs daily fixed in accord-73,000,000,000 francs to 85,000,000,- ance with article 18 of the armis-000 frangs.
This is the highest figure ever per cent of capacity and no im attained on legal borrowing; and ports and exports to produce tax This country, he said, needs continue to give every assistance the sum represents the budgets of income, the government has po more supplies of every kind from to that trade. The extent to two normal years for the French alternative but to resort to indirect the United States, The British which this. purpose could be government. Government are grateful for the achieved of course depended ungrudging aid they have already largely on the response of buyers received and are fortified by the In the United States and the assurance which the Lease and trusted that they would the con- to ask for our products. Lend Act provides for tinued supplies of essential goods. Experience, he thought, would
Our need for dollars, however, have demonstrated to them remains very great and anything ability to produce and deliver which adds to our dollar earnings goods and to maintain their tradicines to charge on that basis al-first time, the new, national con- is a contribution of first-rate im-tional quality (Cheers). portance to our cause.
continue
our
tice convention, Germany con- Even before It meets for the
though financial experts generally sultative council will be modified agree that the occupation costa and simplified in an effort to in- DOLLAR CURRENCY
are barely 125,000,000 francs dally, crease its efficiency, it was learned EXPOLTS TO U. S.
question Replying to a further
It was reported recently that on today. That was one reason why the suggesting modification of the law Feb. 1 German military authorities
TOO UNWIELDLY British Government st regard- relating to the holding and use had not spent the credit
Marshal Henri Petain has decid- francs to their ac- ed it as a necessity for this coun- of dollar currency by Britons in 53,000,000,000
cd that the original assembly of try. to maintain and extend its the United States and a freer ex-count in the Bank of France. It
183 members would be too . un- exports to the United States and change of currency between Brl was also unconfirmedly reported
tain and the United States. Cap- that the German government has wieldly, and may reduce this num- tain Crookshank, Financial Secre- been attempting to reinvest part her. Instead of convoking it to sit tary to the Treasury, emphasised of this tremendous daily income in as a plenary chamber, he will that in spite of the
'148 1/2
Nom.
93 1/2
H.K. Stock Exchange
The
all concerned.
passage
INDIRECT INFLATION,
SATURDAY, APRIL 5, 1941. -PAGE
Now's the time to call
for "BLACK & WHITE"
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BLACK&WHITE
KOSTEN WUERY"
LOVEK MİST
"It's the Scotch!"
DODWELL & CO., LTD.
Queen's Building,
Tel. 20836.
WIDER LICENCE RULE MOVE
of French "economy by buying indus-kely assign its members to com- of the Lease and Lend Act, our tries and acquiring minority parti:mittees which in a consultative CANBERRA. Strong requests by tralla can do without and which overseas commitments to be met cipation in such firms as Havas role will be charged with studying the British Government for grea-she continues to take in almost in gold or dollars remained very advertising agency, the biggest new bills to be submitted by the ter economy in Australia in the completely unrestricted quantities
use of imported non-essential from Britain. large.
It therefore remained e-chemical. glass and steel indus government.
goods will lead within the next few Another point is that full finan The past week has been a mark-sential to our war effort that our tries as well as mines and trana ¦ Salaries will be cut and instead weeks to an investigation by Fed-cial support for the war effort can ed improvement on its predecessors exchange resources should be con- ports
of receiving 125,000 francs an-eral Cabinet of the extension of be given only if the people use FROM ROZA BROS.
of some while back; Quotations served to a maximum degree and
nually, the same as members of the Federal Imports licensing sys- their money for essentials and Friday, April · 4.
the council of state, the new na- tem to goods from British sources. divert the balance to war loans.. have shown a distinct tendency to that the exchange control, regula-
"With buamess at a standstill.
tional councillors will be paid on Silver prices were unchanged advance and dealings have been tlons be strictly compiled with by
The licensing system has been This policy would be furthered if industry barely operating at the basts of so much
were no longer yesterday, the quotations remain-spread over a wider range.
for every applied so far to non-sterling coun- non-essentials meeting..
"available. tries only. ing at 23.1/2, for Ready and 23. market closes firm, 7/18 for Forward. Silver advices
The committees are expected to
-It is now likely that some restric- be named, shortly and will start tion will be imposed on sterling
The Federal Government realises work before the first plenary ses-imports.
also that restriction of sterling It is understood that the mes imports would help in building up ASSOCIATION sion is called.
sages from the British Government funds overseas for the payment of demanding greater economy in the Australia's oversea war costs. It is Basingstoke Town Council are use of non-essentials point out recognised also that if shipping buying 200 steel helmets from the that imports of non-essentials,difficulties further curtali. Austras Government for resale to the pub-even from sterling sources," will lian exports the adverse exchange lie at 5s, 6d, each,
soon have to be restricted to ecm-position will compel a drastic cur- serve shipping facilities.
It will be noticed that Hongkong
reported the market as being Electrics are now listed in three HONGKONG SHARE QUOTATIONS
steady but featureless. American different forms: Old shares ex
Silver was quoted at .343/4 for Rights, New shares (Bonus) and STOCK EXCHANGE, Spot.
Rights. Sbareholders have the The London/New York. cross privilege of exercising their option rate was quoted at 402.1/2. New on these Rights up to 30th Septem- York/London was quoted at 403ber next, "by which date payment 1/4.
of $10 for each Right taken up must be made.
MARKET
Quiet
I.
"
STERIING
Moula تنها
SHAREBROKERS
Beyan Beliers
FRIDAY
Balee
No
Buyer
Bellors
4 APRIL.
Banks
"$1350
"H.K. Banks
$1360
$1365
Do. (Col. Reg.)
£76
Do. (Lon. Reg.) ...
£78 £76
BUSINESS DONE DURING
£8 13/16
Chartered Banks .....
THE WEEK.
2211 £10
Mercantile Bk«, “A”.
£8 13/16 £811
Mercantile Bk. "C".
$71
171
Canton Ins., $322, $223.
Union Ins., $432).
at
H.K. Fire Ins., $183, $185, $186. Docks (0) X.D., $151, $15.50, $15.70, $152, $15.80, $18, $16.15. Providents. $5.30, $5.324, $5.35,
$5,371, $5.40, $5.45, 351. Lands, $33.
$225
$432
$1
܂
No business was reported. There were 'sellors at 1/3 up to May. buyers at 1/3.1/32 for any dell- very.
U. S. DOLLARS. Steady. There were sellers 24.9/16 for near and Forward buyers at 24.5/8 for Cash,
SHANGHAI DOLLARS Opened with "sellers at 462.1/2 with business done at 453.3/4, 453.1/2 and then later business was done at 463 and 482.1/2. The market closed with sellers at 482. 1/4, burers at 482.3/4
SHANGHAI MARKET
Quiet. There were sellers of Sterling at 8.15/64 for Spot. US. Dollars opened with sellers at 5.5/16 and then receded to 59/32. As the close sellers were reported again at 5.5/16 for Epot.
AFTERNOON MARKET
Quiet.
STERLING
The market closed with sellers
at 1/3 up to May, buyers at 1/3.
1/32 for any delivery.
U. S. DOLLARS
No business was reported. The market closed with sellers at 24 9/16 up to May, buyers at "245/8! for any delivery..........
SHANGHAI DOLLARS Lere were sellers at 462.3/4. buyers probably at 403.
·SHANGHAI MARKET Quiet. There were sellers of Sterling for near delivery at 3.15/ 84 and U. 8. Dollars at 5.5/18 for Spot,
Shanghai Exchange
Shanghai, Apr. 4 (Reuter).
Official T.T. Rates,
Opening
HK Banks, $1365.
Trams, $164, $18.
Yaumati Ferries, $24.
Lights (0), $6.20, $81, $8.20. Lights (N), $1.77).
Electrics Cum Rts,, $994. Electrics Ex Rts., $28.15, $28.30, - Telephones (0) X.D., $23.30. Cements, $172, $17.80. Watsons XD, $94, $9.70, $94. $9.90,"
$10, $10.10.
$88
$16
Biet
H.K. Govt. 34% Loan (1934), 943.
BUYERS
H.K. Banks, $1355.
Union Ins., $430. Wharves, $88.
Hotels X.D., $3.03.
Bank of East Aria..... N. C. & S. Banka..... *Insurances
Canton Insuranc88..............
Union InsurÉNCER....... Underwriters .....
$190 H.K. Fires.
Shipping
$135 Douglases
39
骨
Samples of milk have not been taken recently at East Barnet be-
* PRODUCTION DIFFICULTY
OVERSEA FUNDS
tailment of sterling, imports.
It is understood that Australia The messages are also believed is being pressed to make still far- £10cause the private analytical laborato state that because of the short-ther cuts in imports from non- tory there has been closed down. Tage of raw materials and man-sterling countries and that any When this was revealed at East | power in Britain it is becoming in- move to curtail sterling imports Barnet Council meeting it was creasingly difficult for British will be accompanied by further moved that a new laboratory should dustry to continue to supply a sweeping cuts in imports from dol- he found
wide range of goods which Aus- lar countries.
16 ct
$225 $430
80 cta
$190
$125
Steamboats
$8
Indo-China (Pref.)..
$80
$60
Indo-Chinas (Def:)
160
41/10 Shells
41/10
Waterboats .....
ST
$7
80.45/
#16/16.15
Decks, Wharves. Godowns, etc.
1.K. & K. Whores..
Providents.
986
H.K. Docks (Old)... $16 H.E. Docks (New)........ +Shanghai' Dock..
$29
15/0
Kailans
ZA
Rands
Mining
1 cte. Hong Kong Mines.....
IP
85.47/51
$29
15/0
ta
•
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 25 Words are inserted under this heading at a Pre-paid Rate of $1.50 for THREE INSERTIONS. If Charges collected, 82.00.
$4h1 Ewo (8.)
$200 Shai Cottons (8.).......
Zoong Bing (8.)......
Wing On Textiles (8.)
Public Utilities
H.K. Tramways. Peak Trame (old).... Peak Trams (new)...
T'sti Ferries..... China Lights (0)
Chiue Lights (New).. } $1][
ARTER
House Surgeon (British registra- tion) required immediately for Kowloon Hospital for six montha; possibly extending to one year. Apply in writing with testimonials (caples) to Honourable Director of Medical Services, 2, Queen's Road, Central.
WANTED TO BUY
193
for all gold and silver articles. Jade diamonds, jewels, watches, fountain pens. Apply Far East Diamond and Gold" Refining Co.
$26.30 X.B. Room 621, China" Building, 6th floor. (Store will open on Sun- days and Holidays).
๒.
$23.30
'General Agent: Chan Che Kee No: 4, Lyndhurst Terrace. Tel 26402
WE PAY HIGH PRICES
75 pts for all gold and silver articles,
$19
gold bars, diamonds and jewels. Apply China Gold Refining Co. Pedder Building, 2nd floor, Room 6.
WE OFFER HIGH PRICES · for any amount. of gold articles. diamonds, silver, fewels, etc. No holidays. Apply China Building. $3.857th floor, Tel. 30727. Eurasia Gold
*Refining Co.
HOTELS
FÖR JADED APPETITES!
REAL RUSSIAN FOOD
Tiffin $1.20
Dinner $1.50
METROPOLE HOTEL
BUTTERICK
Expert Ladies Tailor
New Style Ready Mads Dresses,
Overcoats and Costumes .
FOR SALE.
16, Wyndham Street.
Tel. 23815
* TAILOR LAM SHIU SHEK 334, Nathan Road, Kowloon, Tel 57712. Guaranteed delivery 1 suit -in 24 hours notice and 6 hours
ENGRAVERS
FEI FEI &
Photo Engravers
16. Coshrane' Otrest. Telephone No. 22224,
TEA DANCE
DAILY
-EXCEPT MONDAYS
5 to 180 P.M.
EAT AT
Jimmy's
Help Your Friend and his Hobby by giving POSTAGE STAMPS
for
his COLLECTIONS
and
SEEDS
for
his GARDEN
We can supply the goods ́of his and your want
GRACA & CO. Dealers in postage stamps
garden seeds etc. No.:10 Wyndham Street.
Established 1800)
RONG KONG
Lands. Hotels and
Buildings
$3
X,D.
$33
H.K. & 8. Hotels...... $3) H.K. Lands.........
C.D.
$3%
Humphreys, $6.80.
1974 Do. 4% Debentures....
507
13.20 Shanghai Lands....
Realties, $3.10.
$3.10
H.K. Realties.
#3116
Trams, $16.50
20.80
Humphreys .......
$6.80
Taumati Ferries, $23,75. Lights (0), $6.20. Dairy Farms XD., $17,25. Entertainments X.D., $6.50.
X.D.
$98
Chinese station.
Cotton Mills
SELLERS
Docks (0), $16.25. Ropes, $7.75.
$16)
$161
SALES
HE. Banks, $1365,
8544 Star Ferries.
$231
Docks (0), $18.
$6.20
$8.20
#452
$185
$125
WE PAY HIGH PRICES
$181
871
$31
$534
모
$8.25
$6.30
Hotels XD., $3.10.
Star Ferries, $53. "
X.Etu. $26,30
H. K. Flectrics (Old)...)
Lights (0), $6.20.
$25
H. K. Klectrica(New)...) $251
$18
Electrics (0) X. Rs. 526.30%
$171
Cements, $18.
$12
Dairy Farms X.D., $17.25.
$28
Watsons X.D., $10.10.
$9.20
Mucad Electrics (Old)
Macao Electrics (New)
Sandakan Lights....................
Telephones fold)....................... Telephones (now)...... $8.20 S'pore Tractions (Ord.))
Industrials
0/3-3/16
5-3/16
22
17-5/8
nominal 21-1/8
London
New York
Japan
India
Paris Hongkong
Sterling
Spot
Apr. May.....
Spot
Rellers
Opening Closing
0/3-15/64 0/3-15/64
0/3-16/64 0/3-15/64 0/3-15/64 0/3-15/64
U.S. Dollarn
$5-9/32
HONGKONG
SHAREBROKERS'
ASSOCIATION
Volume of Bruinemo Transacted
on Friday, April 4, 1941.
Cements
SALLES
HK Mectrics (0): X.
Rts.
250 $18.00
$8.90 X.D.
50 26.30
#
Star Ferries
200 53.00
$5-5/16
5-5/16 5-9/32'
500
$10 10 X.D. #9.00/ 10.10
The total value is $16,415.00.
May
5-9/32
5-9/32
Market:-Qwet..
Silver Duty Rate
The Central Bank of China's rate on London at 10 am. today was 1/2-1/24.
per cent
The Equalisation rate was 241;
Calcuni Exchange
Calcutta, Apr. 3 (Reuter).
TT on Janan, 81-1/2,
$30
Cald., Macg. (Ord.) 8.
$25
Cald., Macg. (Prof.)S
$1
Canton Ic
18
Cemal .....
#7
#7#
H.E. Bopes
#71
H. Gort Loans
$97 14% Loan
9.
$941 (81%
(1984).
041
#94 81%
MiscellaneoÍLS
#
.i
(1940)....
X.D. 317 Dairy Fart.......... #172 | X.D.
Entertainments done $8.40 XD.
$1.80 Construction (old)...
Constractions {DaW}...
Lane Crawfords...d
Tobacco
$2.15 Sinceres...15
For
Nanyang
Watsons
· 49 ·
1925G$ Bda 1:39 1.K. Wing On
Bhai Wing Up....
$7.20 Vibio Piling
"0/3 | | Marumam, Inv, (Lon.)]
2/8 Marsmens The.. (HK)
$1.99 Wm. Powalls.....
$3.85
́$9.90 | X.D.
$14
16:
#16 HK. Electrio (Rta;) $152.
†Safe to Shanghai
-WANTED KNOWN.
Experienced Book-keeper Wants Students to form a class. Guaran tee students to keep a whole set of books after completion of a course
“AUCTIONEERS
GREATEST COLECCION {21:!,113% I" *|+z{{ !
1
LAIMERES SOURAN HIN MI
$190 of 6 months. For Term and Parlame (520) Menjars. Please Apply to:-Box
40%*a/o H.KDP
WANT ADS ARE SURE
Apr.