1937-02-05 — Page 16

SUGAR CONTROL

League Of Nations Conference

Geneva, To-day, Invitations have been issued to 25 countries to attend a conference in London under the auspices of the League of Nations on April 5. The conference will study the organisation, production and sale of sugar.

SINGAPORE RAW RUBBER

lessrs. H. B. Joseph & Co, re- ceived the following quotations from

THE CHINA MAIL, FEBRUARY 5, 1937.

LOCAL SHARE MARKET

Singapore in Straits Currency for-Following is the list of changes and

Raw Rubber:*

Spot 35-4 b Up 4. March 35-35 Up 4. Apr/June 36% b. Up %. July/Sept. 36-% b. Up 3%. Market: Comment Reserved. Firm.

The countries invited include United States. France, Hungary, in- Germany, South Africa, Australia, dia, Italy, Japan, Holland, Peru, Canada, China, Cuba, the United Poland, Portugal, Dominican Re States, France, India, Italy, Japan, public, Czechoslovakia, Russia, and the Netherlands,

Czecho-Slovakia, Yugoslavia: Russia and Yugo-Slavia-Reuter. In the meantime, the League of

SIR F. LEITH-ROSS

Nations announces that a special At the conference, delegations Committee, including Sir Frederick are attending from Germany, South Leith-Ross, of the British Treasury, 'Africa, Australia, Belgium, United is preparing the agenda for the Kingdom, Canada, China, Cuba, conference-British Wireless.

AMERICAN EXPRESS

Travelers Letters of Credit

For the use of travelers on vacation or business trips throughout the world.

THE AMERICAN EXPRESS CO., INC.

Incorporated with Limited Liability in U.S.A-

4, Des Voeux Road, Central

General Foreign

Agents for

NEW YORK (ENTRAL SYSTEM

enquiries in local share quotations this mornings

BANKS

HK. Bank $1,855.

HK. (Lon. Reg.) £115% Bank of Bast. Asia

INSURANCES

Canton -Ins. $320 88. Union Ins. $620 b. DOCKS, WHARVES, GODOWNS, ETC.

HK & K Wharves $10632 b. HK & W. Dock $18% b Providents (Old) $1.55 b.

--MINING

•

INCREASED TRAFFIC

ON FERRY

Addressing shareholders of the Star Ferry Company at the an- nual meeting this morning, the Chairman, Mr. J. J. Paterson said that traffic earnings for 1996, show an increase of $22,633.00 whilst the increase in net profit WES- $4,318.00. The higher price of coal and repairs to ferry piers account for the increase in expenditure. and There has been a further alvance

in coal prices this year.

Raubs $13 b., $18% 32. LANDS, HOTELS AND BUILDINGS

H. & S. Hotels $514 by $5.60

Sa

HK. Lands $34. b. H.K. Realties $4 b.

PUBLIC UTILITIES

H.K. Tramways $13.10 b. and sa. Peak Trams (Old) $4 b. Peak Trams (New) $1 b. China Lights (Old) $13.80, 3. H.K. Electrics $551⁄2 b., $55% sa Telephone (Old) $29% b. Telephones (New) $11 b, $11.15 sa. INDUSTRIALS

Cements $11 b, $11.20 sa. ̈ Dairy Farms $22 b. and sa.

COTTON MILLS

Ewo Cottons Sh$

You will notice that the Balance Sheet has been revised and is now drawn up in line with modern ac- countancy and I think gives a clear- er view of the state of the Com- pany's financial position.

Repairs To Piers

When the annual repairs to the piers were being carried out, the roofs over the landing stages were extended, with a view to protecting passengers as they embark and land Shai Cotton (Old). Sh.$98 b.

during wet weather. Unfortunate- Shai. Cotton (New) Sh$68.b.

ly it is not possible to bring these -Constructions (New) 40 cts. b.

Opening Sales roofs out any further. 10 am. Local I intimated at our last meeting": in Pesos Currency that an interim dividend might be

Antamaks Atoks

Baguio Gold

Balaste Mining

Benguet Consol.

1.65

.50

323

14

14

Benguet Explor

20

Big Wedge. Coco Grove

37

79

Consolidated Mines Demonstrations

E. Mindanao

054 084 .98 1.62 .39 .632

Gumans G'field

34

.55

Ipo Gold

281

IX L

1.70

Itogons

1.70

52

Masbate Consol.- Northern Mining Min. Resources Paracale Gumaus Salacot Mining San Mauricio Suyoc. Consol United Paracales

.17% .41% 82 1.87 072

3.15 5.17

52 1.35

RAUB OUTPUT

paid during the year, at the half year your Directors decided to dis- tribute $2 per share in this man- ner, absorbing $160,000. After al- lowing for this payment and bring- ing in $18,521.45 brought forward from 1935, there is a balance of

| $256;828:00 - for distribution.” It is now proposed to pay a final dividend of $3 per share, which will absorb $240,000.00, and to carry forward- $16,828.00.

Lower Dividend Explained. For the year 1935 we were" "en- abled to pay a dividend of $5.50 per share, which was fifty cente more than it is now proposed to dis- tribute, by utilising the balance în the Equalisation of Dividend Fund Account This account is now clos ed and we have the balance of the year's revenue only for appropria tion.

The ferry service continues ·to

The Hong Kong Stock Exchange have received a cable from Messrs. Derrick & Co. Local Secretaries in Singapore of the Raub Australian run smoothly, and except to add Gold Mining Co., Ltd. announcing my annual reminder to Shareholders that our pier leases expire in 1949, the output for the four weeks end-

there does not appear to be any- ing 30th January to be 1999 ounces.

thing further that calls for com- ment

THE TAIKOO DOCKYARD & ENGINEERING COMPANY

OF HONG KONG, LIMITED

BUILDERS OF ALL CLASSES OF SHIPS.

BUILDERS OF RECIPROCATING STEAM ENGINES. BUILDERS OF MARINE AND LAND BOILERS.

BUILDERS OF TURBINE MACHINERY.

Under License From Messrs. Parsons.

BUILDERS OF DIESEL ENGINES.

Under Special License From Messrs. Sulzer Bros.,

Licensed To Manufacture Lanz Perlit Iron, Specially Suitable For Internal Combustion ine Working Parts.

DOCK & SLIPWAYS

FOR DOCKING VERY LARGE, AS WELL AS SMALLER VESSELS, ON ANY TIDE

ALL CLASS

OF SHIP ENGINE AND BOILER REPAIRS AND EXTENSIVE WELDING, BOTH ELECTRICAL AND OXY-ACETYLENE, SKILFULLY AND PROMPTLY CARRIED OUT

Addres

Bock," Hong Kon

Call

30211

umeral One,”

“Penr

BUTTERFIELD & SWIRE, Agein

Accounts Passed

Hon Mr. S. H. Dodwell seconded the adoption of the report and Ac- counts which were unanimously adopted.

The retiring directors, Hon. Mr. J. J. Paterson and Hon. Mr. S. H. Dodwell, were re-elected to the Board of Directors, on the proposal of Mr. J. H. R. Hance, seconded by Mr. J. Ormiston. ¿

Mr. C. Bernard Brown was re- elected Auditor for the ensuing year at a remuneration of $750 on the proposal of Mr. J. D. Danby, se- conded by Mr. G. B. S. Thomson.

LOCAL DOLLAR

NOW 1/2

Silver Prices Down

The local dollar is steady, open- ing on demand this morning at 1/2- 1778.

"Spot silver was quoted at 19- 15/16 and forward at 19%

The London on New York cross- quoted at US$4891⁄2,

New York

Gondom

on

quoted