Page Z
NOTICE
THE BANK OF EAST ASIA,
LIMITED
Forty-First Ordinary Yearly General Mecting
NOTICE IS HEREBY GIVEN that the Ordinary Yearly ouerai Meeting of the Shareholders of the Bank: will be held at the Head Omee of the Bank, 10, Deu Voeux Road Central, Hoby Kong, on Saturday, the 20th day of February, 1940, at 12 o'clock noon, for the purpone of receiving and considering the Reports of the Directors and of the Auditors and the Proft and Loss Account and Balance Sheet for the yehr ended 31st Decembur, 1959. and for the olection of Directors and the appoint- ment of Auditors.
The Register of Shares of the bank will be closed from Wednesday, 10th February, INGO. to Saturday, 20th February, 1960 (both days inclusiver
which during period no transfer of shares ean be registered.
By Order of the Board
KAN TONG PU Chief Manager. Hongkong, 2nd February,
1960.
OFFICIAL NOTICE
Proposal to change
a Ship's namo
I, SUI-LOONG PAO of 19 Java Road, 2nd floor, Heng- kong, hereby give notice that in consequence of change of ownership I have applied to the Minister of Transport and Civil Aviation under Section 47 of the Merchant! Shipping Act, 1894, in respect
|
THE CHINA MAIL, WEDNESDAY, FEBRUARY 10, 1960.
Aid to poor countries London Steady rise in Wall Street stocks population
sets a problem
erratic
London, Feb. 9.
Good and bad news from next Monday's threatened rail strike negellations caused! an erratic slock market today which nevertheless managed to Inish on a generally firm
tone.
Stools were typlend of hie In- custrial group, leaping ahend at the start, softening at mid-dey
i innlng near the elon. To- bascus were a consistent bright spot following a dividend hike from Imperial Tobacco,
flubbers were dell and le #regular-UPI
£60
Closing prices
Gredged Roads Bell Transport 3. Couro 217~£49, Compute. —- £1-15/10. ConversionI Loan
COM
Purding £85-1/16.”
Luon
1079/89-
London, Fob. 9.
as
advances prices attract
day's sharp fail. active.
New York, Feb. 9.
Trading was moderately
About the time that America's Mr The stock market advanced today following Mon-
Dillon' was telling Europe's 'Six' and 'Seven' that they should stop dragging their feet over the question The market was moderately, Conscidated Paper of international aid the Colombo higher and active at the open- Plan was celebrating its tenth birth-I was narrowly day.
HONGKONG
STOCK EXCHANGE
1969-
3. 1859/09
Our Own Correspondent
Funding Stock 35, 100/2004- £71.
Ga.
Funding Loni 47%, 1930/90-£9%. Savings, 1953/3-2-9/10, Savings 3% 1991-13/19. Saving 3, 1005/7-2π-11/IÐ.
Banks Barclay's Bar "A" Lid ord-003
Chartered Bank-Bas (kl. ifongkong--£15, Lloyds Bank "A"-#7% 31,
TARIF5-15/10. Union Insurance
Aircraft and Mutate British Motor Corp. Ordin Od. De Havilland Aircraft-deleted. Ford Motor Co-103.
Hawker Siddeley Group Oru af 20.
Rootry tld! "A"-10% 10. Standard Trumpli Internationa)—
Brewerien
Disutlers Co--35% 20.
South Africa Brewerie-30% 60.
iludding and Staterial
Business done at the Hong- this kong Stockt Exchange morning amounted to appro-
Noon que ximately $2,185,000. tations and the morning's trans- actions:
Sales
Shares HANKS
H.K. Bank
Buyers Sellers
1205 1210
INSURANCES Quinn
of the British steam aliip CAPE NELSON of HONG KONG REGISTRY Official Number 168891 Gross tonnage
Good inse
Ord-493 Wall & Lead 7174.44 tons Register tonnage | 19
chun Johnson Associates Ord- heretofore 4823.77 tons,
4in 11. owned
The Marine i Coal, Steel and Engineering
Babcock & Navigation Company Limited,
dated Portland Cement Buck
420
Куда
Marina House, Hong-
kong for permission to change her SHINE and
name to HAPPY SUN-
to have her
* reglutered in the new name at the Port of HONG KONG Ан owned by The Sunshine Shipping Co. Ltd. 4 North Point Terrace, 2nd floor, Hongkong.
Any objection to the pro posed change of name must be sent the REGISTRAR OF SHIPPING at HONG KONG within SEVEN days from the appearance of this advertise-
ment.
Dated at HONG KONG the 8th day of February 1960.
THE SUNSHINE SHIPPING Company Limited,
SUI-LOONG PAO
Director.
NOTICE TO CONSIGNEES
RA. "CHANGTE"
Arrived bu February, 1900
Darnaged cargo ex this vessel will
be surveyed by Mragm Wood &
Bmwne et Kowloon Godown
i
19,00 ant, on Friday, 12th and Baiut day 12th February, 1940, and con-
signeen representatives are requested
to be present during survey.
BUTTERFIELD & SWIRE..
(H.K.) LTD.,
Agents,
Australian-Oriental fine, itd.
The China Navigation Co., Ltd.
Unic Steel Sox tid-450 $144,
Dd
Vickers Lic-348 13.
Food and Tobacco Brillen Arnericon Tob. Cu.. -
Ltd-158 Co. Imperini Tubacen
303 DE HIL
40.
Tiscellaneous Marden Ltd-14 7150, Boardinan British Oxygen Ltd. Ord Bin 3.
Cirindian Pacife Rly-$18.
De La Rue Co. Ltd, D intop lubbor Ca-24s 101d. Hongkong & Cluna Gon, Imperial Chemical 57 104. Lynn & Co75. Unilever L 1350 Cd.
Paper Bowater Paper Corp On-73 Id.
Radio and Electrical
50 the
the question of aid at Paris tiles had not been
ing with the ticker tape late, mixed around noon, but resumed its advance in the afternoon. Closing prices were around their best for the duy.
It was the market's first
in five sessions and ite since February 2
Contucjan Gas Cosmos Imperial Milk Crane Co. Key Crown Zellerbach Cuban Amer. Sur Diamond Akall Distillers-SeaRTAMON Dominion Stores Dow Chemient Eastern Air Line riseertman Kodak
beat Family Finance Corp.
s overshadowed by the anxiety AD MAPS arapréchemen be tween Europe's two great trade Gains for tho mast part blocs perhaps · more attention ranged from a few cents to raight have been paid to the around two dollars a share, but lessons implicit in the Colombo there, were bigger advances Plon's first decade.
gume of the more expensive 'These added
the In-issuch up to escapable Jact that a massive
motors, Steals, Tethinking of the nature andraits, nonferrous metals, airlines, scote of international
ald 10 cbaccos, aircrafts, rubbers and underdeveloped
is countries
Bestronics advent. leverdue,
No miracles
No one expected miracles of the Colombo Plan. But when it was conceived in 1950 by the Kingdom and opier United Commonwesth governments It was expected to make the first Arm advances towards correct- frightening economic ing the 1210 Imbalance between
90214 09
15
H 7200
lo
Enst.
West and
First Nat, City Bank Ford Motor Co. of Cada Ford Motor ........... Gatineau Power
General Electric
324%
21% 40%
201
174
321%
487
151
General Foods
1027x
Gen. Pub. Util.
General Motors
41
2316
chemicals,
Goodtrici (B. coodyear Tite Gulf Oll
Gudden Ep) Co.
101
18
1
Heyden Newport Corp.
tirom Walker ...
688
Of 1,219 issues traded, advanced, 320 declined, and 211 were unchanged.
TECHNICAL
Brokers called the recovery technical, pointing out that the recent sharp declines bad made stock prices more attractive. Also requests in Washington for the US. Government to spend more money on defence created a better climate for aircrafts, elec-
and
defence. other
In the ensuing ten years im-tronies, pressive efforts were made. The related stocks. 0.70 output of electricity and cement
6.40 were doubled and more. Indus-eline in the U.S. Treasury's
tries like textiles,
steel, en-short-term gineering, and ferilisers expanded.
were
Another factor was the de-
borrowing costs to the lowest point in six months. This indicated tight money, which has had a depressing market, may be At first glance the story of effect on the The Plan's fire 10 years is an | casing.—AP. encouraging c
Lumbard
SHIPPING
Waterbuat
Wheelock
41
27?k 6.70
6.75 30350
2873
DOCKS, ETC.
K. Wharf ..
152
100
151
200 ve 162
01
Provident
18.00 10.30
200
1500
01
1D
1000 0 30
3000
1000 10.20
18.00
! Taikoo Dock
41% 42%
200 42.23 poured into 600 42.25 2000 42
1000 42
LANU. FIC,
of
growth
100 60 10.30 Good measure for the millions the economic hel-
If K. Hotel 354 30 1000 / 2014
4.50
Closing prices
terment of south and soulbrast | Authi Pwr. & Paper Asia.
But the
picture
Algoma Steel Corp... changes Allied Chemicals
alarmingly when these advances Allis Chalmers
2000 or 30% ure measured against two other
100 34001actors.
Population rise
First of these is the growth of population in the prea, Al the Il con- 4.65 1000 4.475 inception of the inn
American Airline
Amer. Forgn. Power Ass. Mach. & 'dry. American Motal..
Ain. Natural xx American Smelling Am. Sugar net. American Tel & Tel Adcovia Copper ABOUT
Asbeston Corp...
50201.525 tained something like 00 millones Cons Mining
4000 4
3500 a 4523 human beings.
H.K. Lark!
2.
Humplirey Heaky
23
200 431 45 45%
1000 500
45
22,00
1.55 1.015 300
1.073
...
B000 10000 or 1.05
1.05
RUDDER Amalg.
i
Trum Sungaia
0.35 450
3.50
Steam Nov. Co, det. UTILITIES
Tram
33
33%
500 2 331
ord-47 4
P&O Soen
Navigation
def
1000
Star Ferry. Yaumat
147
BE A 140
13
100
200 or 130
100 of
ฝ.
100 G
1000 130
Annelated Electrical-639 d. Electrical & Musica)—49a. Engial Electric Co-t. Queral Electric-- đủ.
Indo-China ord 41.
Shipplet
storer Universal Storen "A"-4
Great Marks & Spencer Lu-789 ad. Woolworth F. W. & Coms Id.
Texties Coats J & P. Lidin d. Courtaulds Lido Sul.
Mine*
Con Goldfelis of Bouth Africa-
02498.
De Beers def-195% 14.
Colin, Zinc
Ord
Hongkong Tiz
Petaling mis
150. p
Racist 100+ Ad,"
Sthem Kinta Cons Lid—204 64.
korombbs lijd
West Dricforichi Goldmining-
192a Cd.
On
British Borneo Petroleum Synci- cate=009 2010,
British Petróleum
Od.
GI,
Burnab-40s 31.
Royal Dutch Petroleum-R15.
C. Light...
Electric .... 24.00
23
1000 $.50 in ten years that gure has 6000 or 4.62 risen
2000 0.30 million.
7000 19.10
B00 24
to
estimated
Baltimore & Ohio
ליפ
Hontestake Mining Co. Imperial OSI .... Imperial Tubaceo Ingersoll Rand
Intand Steel Co.
Int'l Busness Machines Inti Ifarveder.... International Mickel Internailonel Paper Int'l Tel & Tel Kansas C. Power & Light Kennecolt Copper Kimberly Clark tally Tulip
Lition Ind.
Lockheed Aircraft Lowendeln & Sonn hiesel Iron Corp. Muzesia Mini Mission Development Montgomery Ward Motorola Inc. .... National Dairy Prod. New York Central Noranda Mines Ltd. On Mathieson Olla Elevators.... Owen-linels Glass
Pan American Airways
Parke Davis Co.
Penn. Balt De
Philip Morris
NSPORTATIO
Giant oil tanker undergoes series of successful trials
A NEW oil tanker, Pearleaf, built by Blythswood Shipbuilding Co Ltd, Glasgow, ran official trials recently on the Firth of Clyde. She was built to the order of Jacobs & Partners Ltd, of London for charter to the Admiralty.
With u deadweight lood of ; The steering gear la of the 18,045 tons she achieved 15 electric hydraulic four roma type knots. She is about 535 ft be with telemotor and gyro control bridge. perpendiculars, 71 f from the navigating tween ins in brondth, 30 ft in moulded { Deck auxiliaries are generally depth and has 30 it in draft, steam driven and the engine
Duxillorles room
electrically
The versel has ning centre driven, power being supplied by cargo tonks and ning
wing two 300 kw diesel driven cargo tanks port and starboard,, generators and one 100 Icw divided by cofferdams into four stemn driven
groups fore and aft, Two large 116 valts D.C, pump
∙nited.
rooms are eachi
generator all at
with two steam driven cargo ai HIGH STANDARD 301 (pumps. each being capable cf
The
discharging 500 tons per hour.
accommodailon for the The after main pump room also officers and crew are of a high contains one 400-ton-per-hnur standard and finish, The dining
and smokercom 47carzo oil stripples pump and the saloon XX
70
430
210
46
גטא
Bre
full height with the forward main pump rooth also panelled
match contains one 250-ton-per-hour interior furnishings to pump for special cargoes in No. and air conditioning system is installed throughout all living 1 Group of tanks.
and public rooms,
2814
10322
Making air travel safer
Washington, Feb. 9. “IAN commercial air travel
was the unanimous opinion of aviation exports.
They agreed to a large extent on steps that should be taken.
Suggested answers to
this preblem Indicated sturdier nero- planes, betier airports, improved braffe control, mere emermuzey equipment, better communis- cations, more categuards against in-the-air collisions, more uzun- Inst for ground crews,
Pitney BowDE
Publicker Industrica
Pure Of
Raythern
4784
epublic Steel
48%
Royal Bank of Canada
73
3811
Saint Reg. Paper
201 Schenley Ino.
304
Srolt Paper
7512x
Sinclair Onl
404
251
Sorony Mobil Oil
30%
19
South Puerto Rico Sugar
15
45
Southern Natural Goa
30
Southern Railway Com.)
157
62
Standard Brands
30xd
43
431%
take
602 Standard Oil of Cal.
23
S
40
Standard Oil of Ind.
Standard Oll of N.J,
Steel Co. of Canada
Steep fock...
57% Sterling Drug Co.
Bank of Montreal
Binnie of Nova Scotia
BG
Stokely-Van Camp.
700
Beech Life Savers
34
Stone & Webster
Beli Telephone
43
Studebaker-Packard Corp.
Dendix Aviation Corp.
7015
Hwint & Co.
Benguet Cona.
Техая Со
netshem Steel
50
Tide Water Oil
2015
Traders Finance
34
Twentieth Century Fox Fim
Union Poelie Railway
425
Ulied Afteraft
United Fruit
2012
U.S. Foll
And demographers conserva- tively forecast that by 1975 the figure will be near 975 million.
The other factor is the lagging of this pro- food produelion blem a recent official survey 15.10 19.20 0500 1000 suid: "Food production is the 600 1020 crux of the region'n problem. 200 of 10.20 Here despite advances in popu- 2000 or 1920 Jurising better techniques.... 1000 or 10.20 supplying farmers with 1er- 2000 24.Polisors and equipment, extend- 1800 3400 ing irrigated aren, and reforming
23 systems of land lesen, ta- Ekcirle (N) 235 23.80
50 or 231⁄2 creases
in output have been MACDO E.
11.70
harder to achieve. Comparing Telephone -3337 34 1500 or 3
100 3425 the average of 1938/38 harvests with the average 1940/52 htr- 1000 733-73 vists rice was up. 18 per cent 2000 1 to D1 million tons and wheat to 12 up by
a quarter
100
100 ir 31
SCAL
INDUSTRIALS Lide Cemen!.... C
** **
200 45
800 44.73 million tons.
1000 a $4.75
300 of 44.75
Dairy 2120 24.40
Very low
1009
100 2416 500 254,40 24,50
Sh Transport & Trading 140 STORES, ETC.
Agreed merchant
rates
Watson .... 341 24.00 Lone. Craw 2020 INVESTMENTS
Allied.
Int. Invent...
9.30
7.40
K. & FE. Invest.
Swits
Maxim France: selling 76.
West German Deutschemarks: COTTONS
Textiles ... Maximum selling 72%.
•P.O
R.M.S. "CARTHAGE"
EMBARKATION NOTICE
For UNITED KINGDOM via SINGAPORE, PENANG, COLOMBO, BOBÍBAY, ADEN and PORT SAID. EMBARKATION: Fassengers should embark between 2.30 and 4.00 p.m. on 13th February, 1960.
SAILS:
BAGGAGE:
+ 14.30 14.70 200 10.10 1020 500
10.00 19.10
Nayang...
MISCELLANEOUS
Vibro...
1750
from Even with shipments outside the region food supply| per head remains very low. Some of the rice exporters now have Jess, to spare and
the problem of feeding deficit coun- 19.50 fries --- India, Pakistan, Phillip- 10.10 pints, Ceylon, Malaya, Singa 1040 apore and Indonesia has be-
ecme more difficult.
5000 ( 10.29 4000 10.20 1009 14.00 4750 G 15
171 200 a 14.20
Boeing Airplane
British Amer. Oli British Columbia Elet. British Columbia Pur. Cana, Dk. of Comm. Села. Brewers Conation Packie R. Cane J. L) Co. Cat. Tractor Celanese Corp. Chase Manhat. Bank Chrysler Melors Colgate-Palmolive Commercial Credi Consolidated Edison
25% U.S. Gypsum 18 US Line Co. 30% VS. Smelling 293
Yesterday's Closing
U.3. Steel
Warner Bros. Westinghouse Electris Woolworth (K. W.)
COMMODITY
SUGAR
NEW YORK
Closing prices all in cents per
In brief the complaint 1b.;
flourishes apace with treatment.
Bettor conditions bring grea- ter life expectancy uncorpen- sated by any fall in birthrate
Britain sets and therefore fare mouths to
wool record
London, Feb. f.
Woollen textile industries
feed,
the
Taid in effect is what gloomiest et economists. Thomas Robert Malthus, forecast moto than a century ago. And his Awas that hopeless conclusion
to per- an
was condemned Brilain used more wool last pelual near-starvation,
year than at any time since
in Malthis day tuch a phillo-
1950, the International Wool sophy was acceptable. Today In Becretariat said today,
517.8
million
aworld which in terms
In 1939 the industry used human relations is rapidly con
elaan traeting such a proposition pourkis weight, mn increase of nearly 15 Intolerable, per cent on the previous year. Weight of wool and hair top produced In Britain fast your million Del reord at 348.3
at 6.00 p.m. on 13th February, 1960. pounds, 17 per cent over
Should be sent to Hongkong ✪ Kowloon Wharf Company's Godownj (No. 2 gato) by 5.00 p.m. on 12th of February, 1960,
SUBJECT TO ALTERATION
1950 tolaÜUPI.
Exchange rates
Unfolding
Flay ahead of mankind
The
Contract No. 4 (world)
Merch May
July
Elept.
Oct.
Mar.
Mery
Jan.
Spot--(A., Cuba)
Tutal Balew; 400 contracts Open interest: 1,283 contracts
Contract No. 6 (domestko) Marcit MAY Sept. Nov. Sport(CI, N.Y. ex-duty) Total Soira. 24 contracta Open internet: 2,631
of
国
न
COTTON
NEW YORK Closing prices all in conte per
There was
a hint loo
thart,
Included In the navigational Instruments
ander,
are
direction echo sounding device, rodar equipament, gyro compass and complete wireless installa- tion.
The main machinery consista of a set of Doxford super- charged type diesel engines with
2320
stroko
m.m. combined
arranged to burn heavy oil fuel and developing a maximum power of about 8,800 b.h.p. Two large boilers of the single ended marine type are fitted, arranged forged for oil burning with
ntso draught and one boller is arranged to utilise the exhaust 20300 from the main engines whilst at sea,
Congress might be asked to US attidude in
some action
designed to
401% curb the planting of bambs
10 aboard airliners. The possibility airline talks
40% of 1412
such sabotage has becs ralsed in one of the crashes in January and one that occurred 181 1ast year.
47%
77%
311
Conspicuously missing in this
cross-section was
criticism of
com-
pilots. In fact, a top official of the Federal Aviation Agency R expressed the view that most
airline pilots are "very petent."
There was general agreement on one fact: The booming air line business, well into the jet age now, has outgrown many of the facilities and devices de- signed to make it sate.-UPL
LIVERPOOL Closing prices all in pence per
lb.;
American Contract March/April 21.83; May/June: 22.03: July/Aug: 210:
21.30; Dec/Jan: 31.20.
Mixed Contract
March/Apri);
Oct/Nov:
2345: May/June:
PRICES
METALS
LONDON Closing prices, uit in sterling
2230: July/Aug: 22.30; Oct/Nov: per long ton.: 21.75; Dec/Jan; 21.65.-UPL
Buyer Sellers
102!
*1021)
70031 780
Tin
Spor
3-month
RUBBER
Copper
Spot 3-month
270
H49
250
Load 1st half
nob.
7211
May
Zine ist halt
Feb.
May
SINGAPORE
Closing prices all in Stralis cents per lb. 1.0.b. Maloyan poris
110-115
No. 1 Feb.
Mar No, A Feb. Nu, a
NO..
spot rubber ursinstit Tilanket crepe
LONDON
23415-21474 1199-114% alt-110%
112-114
all in pence
*4-33%
Settlement house term!
721
-UPI.
FOREIGN EXCHANGE
NEW YORK Closing rates: Conada.... England efflçia!
30-days
. Auriralia
New Zealand By: Africa
Others unchanged.
LONDON
146-014ה
21-21%
General markets, 1.1.5. badly, poria:
No, 1 Dale crede
Closing prices
per 1b:
No. 1 Raw #pot
Abril/June
Jan./Marcia www.
July/Sept,
fan/Mar
Mar
.
1b.:
Spot: 23.15 nom, March: 49.00: Fels. May: Dro.20; July: 35711 Oct: 56.71;
Meat: 300; May: 21.50 ate crepe ihin Feb,“ Guck Jeb, Judy: 51.60.
AMSTERDAM NEW ORLEANS
Cloding prices all in guilders Frakturs Closing prices all in cento per per kilogram, e11. Tab.
No. 1 rubber Spot: 11.301 Mareliz 22.09; May: No. 3 rue 33221 J: dada: Out: 3010; pec: No. rubber 5130; Mar:" 11,301′ May: 1130) 2017: | No. 1 prepa $8.00.
战场
New York
Montreal
Anslandain
Pari
143 hubora | Blackhatm
puyers an
buywra
Zuriots
1:10-12
It is also avoldable for Mai- the thus could never have envisaged which the scientific advances
fact remains however by that the problem forescen Malthus I. unfolding before us. Buried was too in the Jopal And Inescapable conclusion to unomo el exchange market this be drawn by all concerned la morning at the following rates U.9, Bollars (DET $1),
5.70 that vid have only begum to Sterling notes (per £1)....... 10.05 peck at what promised to be the b.: Atestrada poter, (per R. 126 greatest International problem of
12.03 1.77
1980), — London Express en the
Serv
Insloroddies rupiah (per 100) .. Rig ticale 100)
Closing tates:
Briangeln
buyers Vienna
2011-20
The Hagua, Feb. 9. THE Notherlands Chambor of Deputies today un- animously adopted a motion condemning the U.S. Gov. ornment's rofusal during re- cent talks in Washington to grant the Dutch airline KLM permission, to make a stops over in Los Angelos.
The motion said; "The cham-
bar deeply regrets the abiludo adopted by the United States Government towards the
Netherlands.
This attitude falls to recog- nise air traffic freedom and the principles of healthy compell- tion. It ta discriminatory measure which is harmful to
Interests of
the dational Retherlands, and contrary to existing relations of allianty be Aween the two countries,
*The chamber astes the gov- ernment to take now steps to got the United States to change their decision."
The Foreign Minister, Mr J. Luns, told the House that ha entirely approved of this mo- tion, and said it would be precious aid to him
tho future-AFP.
Silverware for
luxury liners
Lo
London, Fob. 9.
EXAMPLES of silverware
1 which will be supplied to the P. and D. linor "Can- Garza" and the Orient liner {"Orfana"" ward óno of - the features of the International Hotel and Cotoring Exhibi- tion fold in London recently. 1,00 Frans -The P. and D. vesact will have 20020 71,770 pieces at a cost of £23,000 17830 and the alvoremithe-London's
23450
2007
Mappin and Webb-will supply the Oriana with 02,000 plecca valued at rame £17,000.
The exhibitors werd one of zko manufacturing companies aliaw- ing equipment Promi, ashtrays to caritvelis. Ono hun- 120.116-1504dred thousand items were on of
30.0754100716
11.00-11.00
13,751-10-201 11015-14.61 173054-120914
Industriel
show with reproductions hotel rooms, English. Innis, cock- tall bees, and factory kitchens forming & number at exhibition stands.-L.P.S.
No comments yet.
Private notes are available after approval.