MESSAGERIES
Fo. Hom B Queen's Eldg.
M
MARITIMES
Tel: 25651.
M
FAST PASSENGER/FREIGHT SERVICE
From Marsellien
Leaves Starkoilles
The ICK.
* Oct.
"LA MARSEILLAISE” 15 Sept. *IHET-NA
"CAMBODGE"
To Marseilles
Kiel.
13 Oct.
„Jeaver Hongkong
"LA MARSEILLAISE 21 Oct.
“VIET-NAM"
"CAMBODGE"
3 Nov.
11 Nov.
I Nov.
For Yokohama
5. Nov.kohama
Due Marseilles Via
11 Nov.
Nov.
Balcon
Balgati
11 Dec, Balgoa
Via Marseilles to all Mediterraness & West Africa Porta
Via Djibouti to Madagascar.
"AURAY"
"MONKAY"
FREIGHT SERVICE
From "Europe
Leit
Bue II.K.
„Antwerp-27 July
29 Sept.
"IRAQUADDY"
-Antwerp 1 Sept.
Dunkirk-early del. Leaves Keelung
22 Del.
4! Nov.
1
↑ Oct.
I Nov.
14 Nov,
Ta Burape
"COUNSEULLES"
#AURAY"
"IRAQUADDY”
Act.
30 Ort,
J5 Nov.
For
Manila & Japan Sanita & Japan Manila & Japan
For
•
Baigon. Singapore. Dilmuti, Marseller, Algless, Oran, Tangiers,
Casablanca, Le Havre, Antwerp, Bollerdam & Dunkirk, Bubject to change witout notice,
EVERETT LINES
EVERETT ORIENT LINE Fast regular freight--refrigerator-passenger service to Korea, Japan, Philippines, Indo- China, Slam, Malaya, Rangoon, Calcutta and Chittagong.
"BRADEVERETT"
Arrives Sails
Sept, 10 from Singapore.
Sept. 20 for Kobe, Orako, Nagoyn
A Yolla? (1.
"NOREVERETT"
Arrives Suits
Sept. 20 from Manila,
Singapore, Itongoon K
Sept. 21 for
(Accepting cargo for iranshipment Kobe/Pusan and Kobe/Okinawa)
Perong, Calcutta,
EVERETT STAR LINE
Fast regular freight—refrigerator--passenger service to Korea, Japan, Philippines, Indo- China, Sium, Malaya, Colombo, Bombay, Karachi and Persian Gulf Ports,
"STAR BETELGEUSE"
Arrives Sails
Sept. 10 from Singapore, Sopt, 20 for Pusan, Kobe &
Yokohama,
"STAR ALCYONE” “
Arrives Sails
Sept. 20 from Japan. Sept. 21
for Singapore, Port Swetten- ham, Penn, Madras, Colombo, Cochin, Bombay, Karachi, Kharramshahr, Basrah & Bahrein,
(Accepting cargo for iranshipment Kobe/Pusan and Kobe/Okinawa)
EVERETT STEAMSHIP CORPORATION S/A
(Incorporated in the Republic of Panama
With Limited Liability
Queen's Building, Telephono 31206. Chinese Department: Tolaphone_28293.
Britain's
Silver
Purchase
London, Sept. 14.
JAPANESE
APPROACH
TO INDIA
Bombay, Sept. 14.
n
It is understood that Britain's Mr Y. Kogane, leader of recent big purchase of Russian | Gve-man Government-sponsored silver was 16 million ounces, Japanese economic mission, tokl worth about £4,500,000.
newsmen today that Indie and Japan equld work together in the industrial and commercial
This is much larger than the British Government's recent old on a co-operative basis,
ounces
cover
10
THE CHINA MAIL, TUESDAY, SEPTEMBER 15, 1953.
Shortage Of Capital Chronic Defect In
The Japanese Economy
London, Sept. 14.
An article in today's Financial Times claimed
American that shortage of capital is a chronic defect in the
Economy Healthy
N.Y. Times' Survey
Japanese economy.
Mr Daniel Duxbury, the writer of the article, dealt mainly with the problem of foreign invest mont in Japan.
"Since domestic sources of capital aro limited and since the Japanese have been encouraged to believe nation, they have confidently looked to foreign investors even more firmly in their destiny as a leading Industrial
for both capital and technical assistance.
New York, Sept. 14.
"But many industrial national to
those sutisty The New York Times re
of thair are slow to provide money for customers who are more likely, ported today that a survey Japanese Industry for two very for price or other reasons, to bas shown that the good reasons," the article sub- buy Japanese goods. American economy is taking į milted.
The great majority of capital "One is that in the post-war provided from abroad has come the Korean cease-fire in-its i
the United States, stride.
world most of them, perhaps all from
States, are Duxbury pointed out. except the Valted much poorer than they were before the war,
sustain the
which foreign firms
Mr
Competition In
India For British Firms
Manchester, Sept. 14. Germany and Japan are giving British manufae-
turers of capital equipment keen campelitian in India. Mr E. A. Midrier, British Trade Commissioner In Now Delhi, said today.
Ho advised Brillah manufacturers to reduce their prices still further, particularly for Ught machine - tools in which Germany was
proving vory koon rival,
India wanted .capital good rather than
007- sumor quode at the moment, he added, but ance her development
programme
was comploted she should become an attractive mar- ket for consumer goods of all kinds, including textiles. -China Mall Special
U.S. HOME BUILDING
MARKET
The report added that the sur-
BRIGHT OUTLOOK vy, made by correspondents of the New York Times in Washing
"Americans who Ilved The other is that they are Japans during the occupation ton and in the major industṛlä}, #nancin
who And farming contrcs for the most part vulnerable to period. or
visited the across the United States, madlen et competition, and are unwilling country, saw the rapidity of in- That the shifts in military prosu:e-
to encourage, and
dustrial recovery, becamo con- emont plans diresily atributable competitive powers of their most vinced that Japan has before to the armistice in the Far East obvious rival.
her n period of Industrial "Sume represented a negligible factor in
the latter of Britain employectos do keep have taken a substantial or con- fetal comparable with that
Interest In wages and profis trolling
Japanesett t
half of the 19th century; high.
concerns have dene so with the
fundamental fact from "Apart Ahough there was unanimous deliberate object of being able obstacles to foreign Investment, ogretment that the euls actually
Cart: have been temporary midle ta Science spending were
strjettons end checks,, in parti- having Kide effect, many obser-
cular the limitation on repatria- vers reported that talk of cuts
tion of principal. " wan having » pronounced impac: in many arers,
rc-
Dertising stock prives, a
the part of many luctance en workers to buy things they needed for four they might soon be unemployed and a hesitancy en the part of some businessmen
ahend with to gu
expansion plats, were wiled as evidence that the country might slip inta "psychologeni recession" de- apile the lack of any inngible
HONGKONG
in
"The arrowness
of markets is another
the
Pago 9
Wall Street An
Enigma To
London Exchange
(By Norman Crump. Sunday Times City Editor)
· London, Sept. 6. Helped, no doubt, by the latest gold and dollar returns, markets have remained reasonably firm Inst week.
..
The August gold and dollar gain of $18 million may appear small, but it is a net figure after allowing for a repayment to Canada of $39 million in respect of her 1942 interest-free loan.
R
this
the ret
ก
"
Japanese Balances
Improve
до
too.
Nevertheless the main enigma, ¦ ing steal-sharó Issues will be for the Stock Exchange as well i mnde. One point of difficulty as for the country at large, is can be foreseen. It is known the future course of Americea that support to these issues will businers.
Wall Street
needed from institutional in- appears a bit nervous, as wit-vestors, and also that a large cas the average drop of ahout part of these issues will consist 4 per cent in American Indus-of Ordinary shares. Now It has trials since the end of July already been suggested that the Sill this sutback was in part institutions would like a yield. a reaction from an immediately of at least 7 per cent, but what preceding rally and fall since the
parti- end
of 1982 is one wonders is how
15 promised on cular yield can be only & per cent. This is large Ordinary shores. I have enough to be significant, but doubt that this difficulty will bo
is not disastrous. Provide
overcome, but for this and other под that the Korean truce is
reasons it la not entirely sur- tallowed by an abrupt cut in American defence New York, Sept. 14.
expenditure prising that a slight delay has occurred. One hopes, however, Though the home building and
ECCM9 imlikely
re that the delay will not be market is at present reflecting Amerienn business should
main reasonably active, but it protracted.
10 bc would be unwise
tog of credit and mort-
dogmatic about this vital point. ughtening of attendant on gage loans, gas alliance manu-
Still, it looks as if the Lon- facturers are generally opilmis-
don market is right in remain- over their position. Mininly
успг ago, responsible is the rapid expan- ing Arm, Sirce sion of natural gas pipelines "The Financial Times/ glit and development of new auto- odgod Index has risen by about 3 per cent, and the industrial. matic features, which are being
indox by about 6 per cent. Incorporated in gas appliances."
this list Sales of gas appliances have
OD? sense,
increase is hoan
phead of running well
no more than a reflection of one million
rate
the per year
of divi- upward new home construction in
trand for the ends,
today's past five years. Surveys
in yield of
5.00
per dicate that further home Ordinary shares Is modernisation will ensuro con- exactly the same as it was a improve in August with oxoteS tinuation of this trend in 1954.
This rising trend of receipts Increasing to $11,233,000 year ago. Shortage of parts and the
dividends provkics another from $8,003,000 in July, BC- Labour Day holiday combined to reason why the Industrial cording to the Bank of Japan. produce a further seven per
market should remain firm, August receipts of foreign cent
slippage in automatic out-
exchange déclined to $189,555,- 000 from $181,800,000 In July, put this week to 07,317 units, ac- cording to
Automotive Ward's
while
also .fall payments It is now ye weeks since the reports.
This compures
$100,329,000 from $173,215,000. London copper To date the greater part of 102,763 in the same period lust
markot Ti-
Scald the The Bank of Japan sald been ver
opened. After dipping initially ΠΟΙ that The agency noted
Improvement in August balance. to just below £200 a ton, the made under technological production setbacks come
of payment was due mainly price of three months' copper the 231330 assistance contracts,**
time when reta!! new car salas
susus {zecm to
have settled down invisible trade to
to the decline in payments; Financial Times articlo declared. Į remain at six million
annual fou
around £213 a tom This is from $21,035,000 in July are high enough to justify a
for N'Changa theres
The results of Roan Anteinpe while receipts from
trade, mostly and Mufulien, Iscued today, are also good. For the year to June military spending
increased slightly to 881,378,000 30, 1953, Roun
produced 87,307
in July. tons of
copper and had an from $81,234,000
In Augu
August the unfavourables estimated pront of £11,447,000. balance of visible trade increased | The parallel figures for 1951-62 were 81,037 Lons and £8,28), dropped from visible exports 000. Mufulira's 1952-80 figures $100,674,000 in July, while pay $00,163,000 from (again to June 80) were 70,000 ments for visible importe rome tors and £9,575,000, compared
to $154.145,000 from
SHARE MARKET
(From Our Correspondent)
done on the Stock Bunnes:
bosis for a
for a downward Trend. Exchange his monning unkaritej
Industrial executives express-to $403,080, Neen quofallen end ed condence that the initiative the morning's 4anizations:
deterrent shares
"Investment has been approved only where there la proof of con- tribution to Japan's balance of payments position and to the development
dustries.
of Japanese
in-
"Acquisitions of shares, bonus and extensions of loans have so for represented a smatier share of total. foreign investment than
assistance contructs.
is accounted for by technological
and ingenuity of American buai-SBARES (UYERS SELLERS SALE! foreign Investment has
The 49
expand consumer
IK Bank
demand and forestall any dip BANKS in employment or earnings, the report added.
Eat Aals INSURANCES
Cena n 'Union
Underwriters
But the American Federation of Labour and the Congress of Industrial Organisations 'valceed Eisenhower the fear that the Administration would fail to GELSHIPPING with suficient vigour to main- to the economy at present
the New high levels,
York Times report said.-Reuter.
The Rubber Markets
-Singapore.-Seyt.-14.
The market showed a 1tle enore tale and factory interest bub sellers were reserved. Tum- over was niall. Closing prizen- tia. rubber per 1.
Sept.....
net.
Nav.....
644-35 03-651
2 rubber per . Sept. 021-63 Naruliber per 1h. Se91. 0112-8124 No, rubber per 1b. Sept. 514-60%
Spot rubber unboled
Blanket crepe
No, 1 pale erepo
031-04
03-31
70-72
United Press.
LONDON MARKET
London, Sept. 14. The rubber market is steady day. Closing throughout the prices were as follows- No, 1 RS3 społ Settlement
Business Eleneval market cif basis
No. 1 RSS
ID 1/16-
10%-%
Frtale erepe Sept thick 2216 eller
thin 20-21 -United Press.
NEW YORK MARKET
New York, Sept. 14.
Rubber futures today cand 15-35 points higher will seles of
35-40
137
250
0011
:
year.
of
with
[1
rate. New
car stocks equivalent to ono
no month's which
considered normal.
average
Tokyo, Sept. 14. oen! on Japan's balance of interna- almost tional payments continued to
COPPER SHARES
to
to lower payments for pre-war
and
help is that the Meanwhile, salus ct M than last work's price of du external bonds
NOT UP-TO-DATE "One reason for this emphasis on technical visiting foreign industrialiat spes Immediately that even with re- equipment and rationalisation of factory layout,
many -will remain inciicient 22 500 21.80 backward
ward unless they arc 9.05 0.90 10500 6.00 provided with up-to-dala in-
HK Fire
150
1.4739
30
Ama Nav. DOCKS, ETC. K. Wharf Dock
....... 21.70 Provident Wheelock
LAND, ETC.
JK Hotel
•
12 500 @ 13or? ...
cury passenger
cars in August amounted to 28.840 best since June 1950, according unile to the Lincoln-Mersury division of Ford Motor Company.
Borden Company's 1063 earn- as compared $4.50 per share with $1.31 in 1952 and the
ings are expected 1200 8.0 formation about technical pro-
2400
8.90
Tress internationally,
about
to exceed
7.83 7.90 3500 7.00 new methods and nicalproat to the sales ratio
HK Land XD 005 004 loạ
S'hat Lead
Humphroyu
UTILITIES
Tram XD
15.10
23 2500 # 25
7. Train (0) -P-Tram-IN) 21.10.
Star Ferry
..125 XD
C. LIGI (0) 12.00
#
C. Light (N) Electric XD 20.30
Telephone 91.00 INDUSTRIALS
Cement Nope
STORES, ETC.
13 1300 13
01
ກ
the
Lo
$15,178,000 wing
United
shipping invisible States
In Japan
With 70,800 tons and 28.260,000,000 in July.
Fenton 20$42,300,000
it is
to
Training personnel and the presence of reverse the declining trend of
Receipts three years. The past foreign technicians for at least
These results justify there from visible exports to the a short period are also essentials Executive Vice-President of the
cent steadiness of copper shares, Dollar instant
Increased Aroa company sald to Industrial development.
trom
$41,010,000, (soluble) coffee business which and incidentally call "The Japanese have for the Borden has entered
Rhodesian Selection
On - while payments for imports going in this most part concurred
like "house fire", Instant the other hand those profits from the Dollar Area also in- 500 of 12.00 astessment of their needs. They
were earned when the price of proved to $00,125,000 from coffee now accounts for 21 per 1300 9.10
copper was higher than 100 x 20.90ro a people eager to learn and
L $39,247,000.. cent of the coffee market in the 100 @ 17
quick to adapt themselves to new
United States and is showing know the outcome
today. Also, one would like to Visible trade with the Sterl- conditions or methods.
Chile's
·Ing" Area"continued "Contracts.
depressed three have included
or four per cent growth
pogotiations with the United
as receipts declined to $24,019,- At the same time, each year. granting
lecaces, patent
the soybean industry, in which states over the disposal of her 000 from $27.495,000, while pay provision of blueprints and
outstanding copper Blocks
ments also fell, as the result of technical data, and attendance Bardon also participates, has 100,000, Lans.
lower Imporis of Australian raw foreign
for been in a "terrible sinte for the
due wool. Vice- the past wo years", of plant, supervision President said. No one has installations of early work on new processes, been operating at a profit and a and training
Japanese 1000 1.50 technicians.
22 300 a 2100
..... 18.70 18.00 17.70
Dairy XD Watson
PALENI 22.90
of
K. Sang Hong 150
30
150
COTTONS
Textle Corp. 2.60
MOBCELLANEOUS
of
technicians
Some Japanese number of converters have re- technicians -have been taught cently gone out of business, he
Yraktize (0) 5.90 1090 & 6.80 abroad. Yangtze (N) 4.10
"Against this, Japanese firms have paid royalties which ar generally low but may be es high as 15 per cent for some such 03 chemicals or precision Instru- ment manufacture," the article sold.
Grain Prices specialist industries
In Chicago
SOME COMPLAINTS "On the whole, technical es- sistance paid for by royaltica
to raise the level of technical competence. But a few complaints have been made that technical assistaner contracts do not always con- tributo to improvement 1941 Japan's economic position or to the prosperity of Individual 1076-187**S
191%-2
purchase of three million ounces and not on a competitive basis of Japanese silver, which was as.
nerały understood, itself regarded as unusually large mutual advantage und for In- transaction. Tho 15 Rullion dustrial development of Far
Chicago, Sept. 14. would
Briain's Eastern equntries.
Prices of grain futures closed has helped Japan to 23 contracts, The market con- The mission, essential silver consumption for
on a visit
economic tinued en the quiet eide today today as follows:- the India to study nearly two years.
situation, arrived on Friday. It although dealers reported scr Wheat (No. 2, red, per bushel incrocio in consumer demand
In cents) Most of the Russian silver is has already visited terperintly frem fasterics who spot obviously going to the Bank of Thailand, Indonesia and
have to replenish depleted Paven-Bept. England towards building the lon.
qucled No. 1 Dec. stock
eventually
March 1054 needed
Mr Kogane said
at present tories. Dealers
May ropaying the
wartime Lend- trade competition between India RSS a; 23 cents per pound.
Closing prices wore es Ko'lows: July Lease silver to the United States, and Jrpan was mited to parti
Corn (No. Sept.
2, yellow, per Japanise Arina. cular commodities end that left a ....
bushel in cents) From 1967 Britain is obliged large field for economie colla- March 1931
May beration between the two cout- to repay 88 million ounces
July kind to the United States and a tries.
Sept. 220 on obligation
Dec, Was cagir fuerantor
Japon ounces repayable by operato and contribute million Indio.
dustrial development Eastern
for
in
to
Co-
10 In- of
Far countries and could
23.35
23.30 bid 23.15 nomi. Spot
23.10 nm. Sept.
23.00 nom.
23.00 nom, Dec.
73.00 nom. March 1034
"United Press.
AMSTERDAM MARKET
Ambarder, Ba: 14.
For this purpose the accumu offer them help mainly in three lation of demonetized silver is fields cottage industries, agri-Prices skeed to forows slower than was hoped. Accord cultural improvement and de- ingly, Britain has to cover this velopment of fisheries. olganlarging Russia's buying Communia: China as there wer
power.
to the United
The common factor in silver Japan and purchason from Nussia was the country's short- age of sterling,
-
A major factor in the East- Wost trade is the East's in- ability to pay. If Rustin's gold stock were anything like os Large as is commonly supposed, this shortage also could relieva of sterling instantly.
She significantly prefers lo neil strategie metals instead. She offers to sell cotton, but is with
supulates sho whont Moscow arbitration, which is unacceptable Buyers-Routes",
no
could not visit
diplomatic relations between
Илу
100%
14414-12 1472 14-
to
Iri
"Some Japanese Arms have had to submit to restriction of markets in return for technical assistance, and as they are con-
ung od
export by stantly Rye (prices per buthel In their own Government, which regards exports as essential to future, they Japan's economic
clauses of dislike, restrictive this kind.
"Others argue that contracts have been granted by some Soybeans-(Prices por bushel foreign firms only for publicity
In cents)
and odvertising purposes. Then again, some firm believe that are too high rates or
cents}
10 100-S Oats-(Prices per bushel in
ech(s)
722% 734
The rubber market was steady. Déc
No. 1 rubber ver Ib.
187 buyer Nn. rubber per Ib. j.......
1185 Na, 5 rubber per 18. vagy 1.70 No. 1 rubber crepe per ib. 1.00
**United Pros,
Sept.
"
Bepi. DCC
Akron, Ohio, Sept. 14.
Spot
Nov, Jan. 1994 March
23015- May
2511 Harley (Price per bushal in
conta)
130-100
EXPANSION
Japan and that country. He GOODRICH PLANS added there were no good pros- pests of reopening trade be tween the two countries in the future. — Chin Mall Special.
near
JAPANESE BONDS
London, Sept. 14.
Japanese bonds
"A" (du of 1009) "13" (43 of 1010) "C" (BÃ of 1907
"D" (as of 1024)
Facilities for the manufacture
204 nom. 23032
said, Reuter.
Lead For Japan From Australia
Tokyo, Sept. 14.
A pokemon of the Masuoich! Metal Mining Campeny stid to- day the company would import 2.000 tons of Australian food concentrate during Octobor.
The Brilch Metro Corporation of Australia had contracted to supply the lead.
The 2,000 tons was in addition bo 1,000 tona recently comtractoi fo:. Milsubishi, one of the fund-
ng non-ferrous metal producers in Japon: had contrasted for additional lemparts bosotise lead prices in Japan rad been soaring inco September-China Maii Special.
Vienna Trade Fair A' Big Success
Vienna, Sept. 14. More than half a million people, including businessmen from 50 European and oversens countries, visited the week-long Viorna
International Autumn Trade Fair, which closed yester
day.
259 is possint will -£n- *ore satisfad with their turn-
creases
such
of tubeless tyres will account | Bot
Blau York flour. 200 Ibe. sack, assistance, continats ara in-
for a substantial part of a $22 $13.80.—United Proks. million expansion programine
planned this year by the BF
Business had been above. the firms, average level and most a burden. fin
even probable, particularly foreign exhibitors, Hrat
complaints crease as foreign investment in-overs, Fair officials sald-China
Mall Special.. wherever F technics volved," the article added.
Offer From Spain "On the other hand, as therm
Cairo, Sept. 14. - laws covering foreign investment
In the Spain and Formosa havo light of the treaty of friendship offered to supply Egypt with
Japan | 20,000 tons of-sugar in was done in the local and commerce
this and the "United.. 102% less tyre production was already unorteial exchange
likely that straightforward in-help: Egypt rellere har sugar more then double that of last yerning the following rates:-
Requisition. of shortage and all part of hot year and that more than two sterling notos (per £1) 1111: 18 vestment by million of them have been put Indonesian rullders (ver 100) - 1020 phares, and, so on, may become necumulated cotton locks, Thay
21.00 more important than technical Spanish offer
from on the road since thole. Intro Sam Unais (per 100)
Hingapore (Birmits)
contracts, ---China Mail Special. private dealers.—United Press, Juction in 1947-Router.
Indo-China plastros (per 100)
Goodrich Co, according to
#n
oficial of the Company's Tyre Exchange Rates are amended, especially
04
73
and Equipment-Divideri.
1344
The Company galit that tube
Turine
"E" (6148 DE 1010) 153% "F" (Tokyo 68 of 1920) 89 "G" (Tokyo 5s of 1912) 102 01 -United Press.
to potential Consula
market
betw-it-is | change for colton. The deal wil
came
of
dif
Meanwhile, dealings oro to begin tomorrow in London In the rights attaching to the now Bancroft share issue, almultuneously Rhokanu
Visible trade with the Open Atcount Area deteriorated with
unchanged at Androgeipts almost
and
Rhodesian Anglo- American $32,864,000 compared with $37,- 063,000, while payments in- shares will be quoted "Cx
to $48,778,000 from rights." The Ave-shilling Ban creased
|$44,480,000 in July.-Reuter.. croft shores are being offered at Gs. each, and provisional allo! rent letters will be distributed.
An opening price quivalent
75. Gri,
Distribution Of Sugar In U.S.
perhaps suggested us higher, hus be, or possible. Bancroft is a copper with great possibilities,
Washington, Sept. 14. mine
Distribution of sugar by re- but i will need a lot of money spent on it before it reaches tulliners, importers and beet and production, and much dependa Mainland onne
processors for upon the price of copper after consumption 'in continental the mine has bogun production. United States during the wook
WANKIE DEBENTURES |
onded September 0 totalled 109,300 short tong raw value, Last Monday dealings began compared with 150,800 In the in the new Wankie shares and name week last year, according debentures rights issues. The to the Department of Agricul- latcat quotation for the debenture
Meanwhile, the Department Equivalent to 0815,
1s
Takes the debentures reported the following: balances
of
major offaharu 1033 sugar attractive; for in addition
of 5% per quotas as at September. 10; Cuba their own intere#}} cent, they carry a partial con- $8,000 short tona raw... value,
version right.
At any time Puerto Rep 203,000 short tone, nad during the year 1957 the holder Hawaii, 300,000 short tons
Philippines 264,000 short tong of £100 of those debentures can convert £25 of them into China Mall Spealel, fifty
109. Ordinary Wankle
shares..
Now If by 1057 the Ordinary London Foreign shares stand debenture-holder, who convert-
at 158., then
#
Exchange
ed, could sell his fifty shares for £37 101. Meanwhile he would
of his rotain. 275
original New York holding of 100 of 54 por Montreal
cent debentures, for whiah at last madam
Brussels week's
price ho
he paid £90 108.
15. Osto be that would
Zurah
The result 273
Port
Bloknotm
of debentures would have Copenhageni cost him a "het
no
Deutsche Mark
Mission To Mexico
equale
s running yield of Bla Lapen Per cent. The "I of course locked Mark ifes In
In the 1957 price of the Ordinary shares. 12. It was better than 10%, there would be little or nothing in it. But then the debenture-holder need Morld City. Bet ie not convért
A Bunnies trade minion 1 Reverting to more domestle expected to visit Mexico Lula in events, there is still no news as October, Morelgers Miniatky sources to whom the Best of the impend- | said today-United Prom, T
No comments yet.
Private notes are available after approval.