1960-08-31 — Page 2

NOTICE

THE HONGKONG & YAUMATI FERRY

CO., LTD.

Notice to Shareholders

THE CHINA MAIL, WEDNESDAY, AUGUST 31, 1960.

HONGKONG EUROPE'S BIG BOOM

STOCK

EXCHANGE HEREBY

of

te

hy

Our Own Correspondent

Business done at the Hong-

Stock Exchange this жение |

umounted 10 morning proximately transactions; quotations and

NOTICE IS GIVEN that the tourd roxolved Directors have make an offer to members who on the 15th day of October, 1960, are the regin- tered holders of the 504,000 issued shares of the Company of 262,000 unissued ordinary! shares of the Company of the nominal value of $10 each al value (auch nominal Dar being payable in full upon application on or before the 31st day of December, 1960) so that each member of the Company

his approved nominee shall be entitled to upply fur and take up one unissued ordinary share for Hote every two of the said 504,000 issued shares then held by i such member. The shares offered shall, I accepted, ' rank for dividends as from: the 1st day of January, 1961

$1,208,000. Nuon the inorning's

Balce

Buyer Sellers Blgere HK Bank, 1105 1170

202 30 Bk. E. Asia Lumbard Ir. Unkn

thu Welerat What wheelock HK Dek

50 @ 199

212

24.50 25.20

7.59

7.00

100

101

400 101

200 @ 101

200 6 100

100 101

19.00 20.10

401

43

ST

200 57%

200 ∞ 171

300 571

200

671

Yaumati

182 104

400 u

GO 180

C. Provident

HK Land

(but not so as to entitle them

to participate in any dividend

Train

400 105

100 49 182

400 18:2

400 $ 163

20 A DEA!

50 185

324

2200 32

declared in respect of the Lagin 2100 2120

year ending 31st December.

28 28.10

1060) and in all other respeels!

issued: Electre present the with ordinary shares of the Com

379 381 Trephine pany,

G. Cement 621% 2

Fairy

Nu fractional certifientes! shall be issued, but the shures representing fractions shall: be allotted to a trustee to be

Alited nominated by the Directors Watson upon trust for sale on such Nanyang conditions as they consider A

the expedient

and

of sule (less the each

proceeds

amount

of $10 for

Farn 28.30 28

100 210

140 2180 100 21.00 450 se 21.80 1000 21,770 100 u 23:0 500 2310 4000231

1000 53 200 or 0 300 W

150 2040 1 300,40

1000 v25.jp

200940

25

219058

2600

5.S Inv. Hubler

13 20 13,00

0.14

2000s 1.50

net

7.55 H. Trust... Talked Dock 57

7.90

200 to 3.415

38

500 5015

2001 6

400 67

1000 141 100 14

those Lane,

Gill

tesy

Star Ferry

Humphreya

1.775

22

2000 4 1.925 1.80 10 1.779

XD

104

Miuzu Fice.

11

12

K. & F.E.

lov

14.30

share payable on necuptance) Gas... shall be distributed proper- tionately

amongat

members who would other wise be entitled to such frae tiuns and in satisfaction, thereof.

The offer will be made by Gilmas notice sent by post to each

shareholder specifying the number of shares to which euch shareholder is entitled if not such offer, and accepted either on behalf ofi auch member or a nomince, un or before the 31st day of be will December, 1960, deemed to be declined and the Directors will dispose of the said unissued ordinary shares as they think t

NOTICE IS ALSO HEREBY GIVEN that an Extraordinary General Meeting of the Com- pany will be held at the Cum pany's Offices, Jordan Rond Ferry Pier, Kowloon, on Saturday the 15th day of October, 1900, at 12.30 p.m. for the purpose of consider. ing, and if thought fit, pass- ing the following Resolution as an Ordinary Resolution

"That it is capitalise the

desirable to

aum

of

$2,620,000.00 being part

of the undivided profit

of the Company standing"

072 38 1550 75 CHRON.

Economic growth Profit-taking results in

will continue

at fast pace

By ALEXANDER THOMSON

London, Aug. 29.

How long will Europe's big boom last? Every business man must surely be wondering about that question.

big Wall Street losses

New York, Aug. 30.

Profit-taking today threw the stock market into its widest losses in more

than a month wiping nearly $3.5 billion from stock valuations.

The soning endence pleked up,

close deaving u

importants of loves at or slighty So today I asked it of below their lows for the day.

of one

the Sir George Bolton, "bankers extraordinary" of the city.

"I believe Europe's economic His answer gave me a secorul growth is only just beginning." Joll. he declared, with a candour that almost knocked me flat.

"Expansion: may well go on for the next ten or twenly years never and at a pace we have seen before,“

Bre

By tradition. ankits -cations men. They weigh their words carefully. They never exaggerate.

أن

is one placed of

And al 59, Sir George Bolton

the

most, highly- Dom i A man whose views command wide

espect.

For

Director

און

un

ycars

wax executive director of the Bank of England where he played a guiding the pound big part in back

strength after the of the economie destruction wor.

10

Three yours ago, he, gave up full-time work there to step out in the diy lu a substantial

way.

"It is a lunatle political con- ception through which people

together by will be thrown politicians at the top and a lot of devoted civil servant.

CORTESAN "But politicians go and you can never tell

men will be. This new "Teid to unexpected danger.

and who

may

"Europe should certainly ixo more unißed. The process how- ever should start at the lowest possible level, that is, with the Individual.

"As a first step we should alm at getting rid of passports In order to encourage people to come together."

Ups and down

Sir George Bolton who start- ed in bunking at seventeen has put the Bank of London South America into the tinent in a big way.

Stects, chemicals, some coppers Fatal electrenies were among the

i

hondast vit.

Despite the market's overali weekries bokers were calling antial.*strenehmit" in the wake of recent shurp gains,

big registered Inclusterinda locus. There were declines of more then two in General Elec- Ire und Du Pont, nearly two in Wooten Union, more than one in Eastman Kodak, ex-dividend, Alvoa and American Telephone Larki more than a half in Westing-

hone and Allied Chemical.

Eelegraph and Complotter, two issue which have attracted considerable attention in recent days, failed to open even at u tate hour because of cumulation of orders.

case of

The Complometer opening was delayed by a rush of buy orders. Early reports in the Teleide graph inaliented that buy arders were also the cause delay.

of

Today's voluine was 2,890,000 andres Of a total 1,201 shores Contruded 295 were higher and 706

lower.

It has built up a network of agents there and has one of the largest foreign exchange tura-

overs in the city.

Chairman of the Now he is Bank of London cad South directorshipa Americu. Other

Commonwealth Deve- Jopment Finance Company and | Cont the Canadian Pacific Railway.

1. 195 3600 a 1925 | include

NY sugar market

New York. Aug. 30. World No. 4 sugar futures to-

one

contracts.

No. 0 Domestic

Contract futures finished unchauged to two points higher on a total of 89 contracts.

{

George As we talked, Sir swiftly sketched in for me the background to his bellets.

between the "In the years two wars," he said, "everybody'

dls Europe as regarded integrated collection of ruddy. duddies.

10

As we walked together the lift i asked one last ques-

"in a nutshell how do you Bee Britain's position now

time of He repiled: "A a dynamic chango we must ex- ibe pert ups and downs. But pound is strong. We must not be afraid of prosperity."

"Ah," I thought es the lif whisked me away, "Sir George for merrier England."-Lon-

Servicu. dun Express

remarkable Grain

day closed six points lower te America became the colossus higher on sales of 47 and magnet for much of the

loose capital of the world.

"As a result she was able to expand her in- dustries progress and

to u degree.

Is "The pendulum

the uther way. America faces 'a period of on- swinging solidation ruther than growth.

Uncertainty on whether or not sugar Dominican over-quota

will be allowed to enter the US.

continued to restrict activity in the world and domestic markets. together with on This factor unchanged situation in raws gave the market little to work on UPI.

NOTICE

THE HONGKONG & YAUMATI FERRY CO., LTD. NOTICE is hereby given

at the credit of the Comthat an interim dividend of

More stable

ROW

"But Europe is moving Into a more stable political situation and lis age-old tradition of und hard saving investment work is having the Inevitable break-through,"

I asked Sir George whether he regarded Britain as being part of Europe for his hopes for the future.

pansion.

..M

"Or-course it is," he replied. likely to continue pany's Reserve Fund and three dollars per share-on-We must benent from the ex-. Another question: "Do you believe then in the market idea?"

accordingly that a special the Company's issued capital there in the coming years." Capital Bonus of $2,520, has been declared in respect year ending 31st And of the

December, 1960,

000.00 be declared that such bonus be up- plied on behalf of the par- Dividend warrants will be sons who on the 15th day available for collection at the of October, 1960,. were registered office of the Com- the holders of the 504,000 pany,

144-148 Des dissued shares of the Com-Road, Central, 1st floor, Hong pany in payment in full Kong, or will be dealt with for 252,000 unissued

Voeux.

Common

prices

close lower

Chicago, Aug. 30. Most stain fylures prices im day closed lower for the second day in a row.

and Some wheat, soybean maize contracts had losses of about one cent a bushel,

for a little Except business, commercial tlons were negligible.---AP.

export transac

-Exchange rates

----

Buning Way dune in the local unuflicial exchange market this snorning at the following rates:

5. dollar per $1) Sterling notes (para)} Australian nolas Iper £1) Inkinesian rupiah (per 100) Biam teala (per 100) Singapure (Siraita)

5.68

16.93

12.05

2.00

20.40

CHANGE OF ADDRESS

or in accordance with standing HARLEY MULLION & CO., (HONG KONG)

dinary shares credited as hustructions, on and after. fully paid be accordingly 15th October, 1969.

allotted to auch

persona

in, the proportion of one

Notice is also given that

auch ordinary share for the share register of the every two of the sald 504,- Company will be closed from October, to Monday, 3rd 000 issued shares then held by

Saturday, 15th October, 1960, such respectively, and that the both days inclusive,

persons

shares so allotted shall be By Order of the Board,

treated for all purposes i8,

an increase of the nominal

amount of the Capital of

LAU CHAN KWOK,

Managing Dirvotuc.

the Company hold by each Hong Kong, 29th Aug., 1900.

such shareholder and not

as income, and that such

shares shall rank for divi- dond as from the 1st day of January, 1961 (but not

so as to entitle them to

participate in any dividend declared in respect of the

proportionately anonicat thune members who would otherwise be entitled to auch fractions and in satisfaction thereof."

AND NOTICE IS ALBO

year ending 81st Décam- GIVEN that the Share Regin- ber, 1960), and that no ler of the Company will be fractional certificates shall closed from Monday, the 3rd be issued, but that shares to Saturday, the 15th October,; representlog fractions 1980, both daya Inclusive,

shall be allotted to a trus-

tee to the nominated by

the Directors upon trust

for sale on such conditions

as they consider expodient,

By Order of the Board of Directors,

LAU CHAN KWOK,'

Managing Director.

and the nut proceeds of Hong Kong, 29th Aug., 1900.

anter shall be distimated

Anaconda Copper Aunes Sivel Armour

Asbestos Corp.

Alla Cons. Mining 253.0-im-1tama. Baltimore & Ontu Bk of Montreal

ank of Nova Scotia Bevell Life Sovera B. C. Tel. Co. il Telephone Beretical Finance Berdis Avallon Corp. Erstguet Can Bethe Steel Bocinz Airplane Borden (The Co. Rusrough Add Machine British Amer, OH Calif. Packing Corp. Cana. Uk. ut Cum, Cana. Brewers Campbell Soup Co.

Canadian Fache R. Co, Lt co,

|

Cat, Trastor

Celanese Corp.

C.LT. Financial Corp: Chase Manhat. Bank. Chrysler Motors colgate-Palmolive Co

Cinett Peabody

Colombian Carbon Cu. Commercial Credit Consulate Edison Continental Can pene Continental Dil of Del.

Crane Cu... Crown Zelterbach

Cuban Amer. Suyar Delaware & Budian Diamond Alkali

Blumand Gard

Dominion Storum

Douglas Aircraft

Dow Chemical

El Paw Natural Gas

Fundly Finance Corp,

American exchange volume Ford Motor was 1,330,000 shares.

Bonds volume amounted $4,270,000.

Georgia Pacifie

General Dynatem General Electric

10 General Foods

General Motore

Gen. Pub. UH,

Merck

873%

London

market closes dull

London, Aug. 30, The stock market was dull with most sections record- ing small losses.

Bulness was restrained by the flae ins overseas sterling balances in the June quester, the uncertainly of Wall Street and the disturbing news fin Jordan

securities

W2IJ

Industriala were Bguin quiet

the clore when

a

Gall-edgra

Mebl Iron Corp.

144

subdued.

Minnesota Mining

20

Mission Development

1841

Melsons Brewery

2313

12

Monsanto Chemical Co.

with the tendencyì easier unut

40

shantly before

3014

Montecatinindeu

Montgomery Ward

31

Continental buying brought

USEP

Motorola Inc.

401

National Biscuit Co National

7012

firmer trend.

6011

8125

10%

Dalry Prod.

National Lead.... National Steel Corp. GBF) - New York Central

ידB

Nerpada Mines Ltd.

Norfolk & Western By. North Amer, Aviation Oklahoma, Nat. Cas Olin Mathileson Ots Elevators Owen-Illinois Glass

4424 Standard Brands

STORES HIGHER

Starts were marked higher Marks with Woolworths and

and Spencers a shilling up to 70s. 3d. and 87. 3d. respice- tively.

Oils which were lowered at first pickul up by the rfternoon, British Petroleum and Burnalis were around sixpence highwa

After a slow start gold shares resumed their advunes on Cape clase

stocks

Jost

much anner than yesterday,

Banding and Insurance shares

Dollar

31 ground but foreign bonds were

Rubbera hold steady but tens were anixed. UPI,

Closing prices

Gilledged Bunda

British Transport 3%. 1976/8-- 00-3/16.

Consols 21-2001.

Consuls 460-15/14.

1900/70-270-3/10.

Kayings 3. 1900/75-271-3/10.

Janks

羽

30

301

501

382

[

372

Oxford Paper Co.

41, Phelße Gas & Elex.

2712 OTS

34

Pan American Airways

Parament Pictures

02

10%

Parke Davis Co.

44

2534

Penny J. C. Co.

44

201

Punn, Sall Co

201

Philip Morris

2116

and Landon buying to

the gains wETC very Arm, but

A61

Pitney Bowes

413%

4316

Procter & Gamble Co.

12316

Pittsburgh Plate Glas

007

32.

Publieker Industries

B

INDSKO

DO

Pure Oil****

Radio Corporation

044

Raytheon

38

quiet.

397%

Republic Steel

GIRL

Reynolds Molal

4033

402

Reynolds Tobacco

485 Royal Bank of Canada

2012

Royal Dutch

341

22

Rheem Mfg.

10:24+

Sears, Roebuck & Co.

Shell On Co....

Bafeway Stores

37

Saint Reg. Paper

Schenley Inc.

2316

DAT

Conversion

Lean 3.

1981--

Scott Paper

45896.

Siegler Corp.

3744

Punding

Lunn

Firestone Tyre & Rubber "First Nat. City Bank

20%

Kincla

371

TA

Smh, Kine

French

511

£84-11/16.

Funding Stock

3

316

1959/03

1960/2000-

Sucony Mobil O

33

201

South Puerto Rlev Sugar

15

Funding

Loun

494

Southern

Co. (The)

493%

29-0/16

Southern Natural

39

Savings 3.

1915/65---- LUR÷1/10.

671

Southern Railway (Com.)

45-*

Saving

47%

4374

2016

Barclay's

Bank "A" Lid -

407%

Hongkong.

Lloyd's Blank "A"

d

Stone & Wabater

34.

214 Studebaker Packard Corp.

Sunshine, Mining

104

Swift & Co.,

4015

| Texas Co. ..

7035

34%

2006

13

Thickol Chem.

2014

Gr

45%

Tide Water. Oil

1031

101541

70Tune Inc. ......

5 Tri-Cont. Warrants

2438

E

4214

Twentieth Century Fox Film

50

Union Oil of Cal.

Union Pacific Railway

Int'l Tel. Tel.

41 United Fruit

2011

Johns Manville Co

Kaiser Industriem

90xd

S102

Kansas C. Power & Light

2031

Kennecost Copper

80% U.S. Rubber

55%

Kimberly Clark

791

1845

Liggett Myers Tob. Co.

831

US. Smelting U.S. Steel

294

013

70.

051/

Lily Tulip

6015 | Warner Bros,

40%

Goodlass

Zition Int.

855

Waukesha Motors N

397%

1314.

T

Lockheed Aircraft

26

Wealinghouse Ale Broke

431

Loews Incorp...

224

Westinghouse Electric

Lone Star Cement Co.

31

| Winn-Dixie Stores

Lowenstein & Bons.

10%

Woolworth (K.. W.)

McDermott J. Ray

221

Zenith Radic

32432

3512

-UPI.

1160.

10%

Dow-Jones closing averages:

30 Industrial 20 Rally

15 tes

BS Stucks 40 Bonds

Comia. future prive index,

Closing prices.

Abusi Pwr. & Paper

Akles Ing. Acy Algoma Steel Corp. Allied Chemicals Afted Mis Inc. All Chuisvers

Am Brake Shoe American Airline Am. Cable & Haco Car American Cyanamid Co. A&Furgn. Power

Aust. Gas & Electric Am. Home Prod. Am. Mach. Fdry. American Meinl

Am. Natural Gas American Benciting Am. Sugur Rel American Tel & Tel American Trib. Ampex

Gen. Tyre & Rubber Gidden Co.

625.49 Goodrich (8.) Co.

Goodyear Tyre 130.43 GUNTAT Aircraft $0.38 GUN O. 201.33 Hammond Organ

60.17 Heyden Newport Corp. 14357 | Walker

38

49%

601

כנני

251

Husman Retrig.

Idaho Power ... Imperial Olà ........ Imperial Tubacea

Ingersoll-Rand

Inland Steel Co. Int'l Business Machines Int'l Harvester Lyme

International Nickel

International Paper

309 McDonnell Alteratt

60%

Standard Oli of Cal. Standard Oil of ind. Standard Oil of NJ. Steel Co. of Canada Steep lock ******

32% Sterling Drug Co.

Blakely-Van Camp.

Textron Ing.

U.S. Foll

94 U.S. Gypsum

US. Line Co.

Yesterday's Closing

COMMODITY_PRICES

SINGAPORE

Closing prices all in Straits

conta

per b. fo.b.

METALS

NEW YORK

COTTON

NEW YORK

Closing prices ail in cents

No. Eept.

No. 4 Sept....

pur 1b,:

Spot

Det.

Deck

MKY

July

Oct.

Dec

MAT.

May

July

ports;

No. 1 Sept.

No. 1 Oct.

No, 2 Sept.

Garter - 5d.

Nun-Cumulative-435.

12

Od--10

Ord-291

SUCAR

NEW YORK

Closing prices all in centa per

EX04

FOREIGN ENCHANGE

NEW YORK- Closing rates!

England Sicial

New Zealand kin

Bouth Adrien, men

Other unchanged,

LONDON

*20 Closing rates;

23 New Yo

300 Montreal

3.12 Amatardam

1.00 7/22

National & Grindlays Dante-37

Westminster

Bank "A"

Insurance

Union Insurance Conton-£59, Airesaft and Motors

Motor Corp.

Ford Muter Co-984 7154.

itowker Siddeley Group Ord--30%

Rotta Royee Lid Ort-498. Rootes Lid "A-10.

Standard Trunnpk International-

8 104.

Breweries

Distillers Co428 7194.

South African Breweries 24,

Building & Misterialn

Associated "Purland Conent-748

Wall & Lead Ord-199

Coal, Boel & Engineering

Babcock & Wilcox Ltd-37 34. United Stee

Vickers Ltd 38.

Food & Tobacco British Amerkan Tob. Co. Ltd Imperial

Tobacco Co., L14-021 Miscellaneoar

Boardman Mamen -4.

Ltd. British Oxygen

Canadian Pacine Rly-4%??. De La Rue Co. Dru-776 00. Dunlop Rubber Co

d.

Quan Holding Ltd 20 Hongkong & China Gas--139.

11-07 CAL. Imperial Chemical

* Co- 1560.. Unlever Lid-150 9.

Bowater

Paper Paper Corp

Ord-634

J.

Fadio and Electrical Asociated Electrical-Cox Electrical & Musleah-40 104. Ingin Electric Co-s General Electric-30 36.

Shipping

Indo-China Steain Nav, Cq, def Brd 3d,

PO Elearn Navigation 39x 10440.

Storer_

Great Universal Stores "A"—B■

Marke & ponce Lif67 J.

Woolwertis

Co-10 d.

Conta JA P Ltd-52# 104. Courtaulds 1.td-bis 10120.

Cons Goldfelds of South Africa- 052.

Cons. Zing Corp. Ord-779,

De Beers

Hongko

Peteling T-7 14.

Bands,

Southern Kinta Cons Lid-251. Unian Corp83

West Driefontein Goldmining—120

он

British Borneo Petroleum

cated.·

British Burmat: Petroleum in Brian Paint Co. Li Bunnati-40% 3.

Royal Dutch Petroleum-12-8/10, Shell Transport & Trading-13:

+

---Itauter,

U.S. exports remain

steady

Washington, Aug. 20.

The Commerce Department said today U.S. exports in Juty

totalled $1.92 billion, slightly log than in June but a sub- stantial 17 per cepi, more than, In July, 1959.

Comparing only non-mliliary exports, the July total was p 22 per cent from a year ago. „This muggested that the sizablo inorense in U.S. commerciai exports pouled earlier this year

fed throughs Julyi- Excluding military shipments, the July total $1.85 billion

29.09

29,74

Malayan

903-003:

96-04

26-42-9654

Closing prices, all in cents

Spot rubber unbaled Blanket crepe

2016-9

2014-952% per ib.:

85-04

Lead

Sept

10.80

No. 1 pole crepe

100-104

NuY,

10.00

Zinc

LONDON

Sept

11.20

Closing prices ail in pence per

Now

11.20

Copper

| |bg|

Sept.

No. 1 Fem apot

Nov.

Settlement house term:

Sept.

2014-201

Oot/Deo.

24-2-13

Juo/Mar.

28-28

per long ton,

Apr/May

285-286

Thi

Apot

Copper

Spot

3-fivinti.

Lead and half

Ла

"Zing 2nd half

AUK.

Nov.

NEW ORLEANS Closing prices all in conis

General markets, o.1.1. bauls ports:

Och

********** 23-28 21.28 Estate drept this Sept. 3092

LIMITED

announce

per lb.:

Spet

Oct.

that as from 1st September, 1960

Doc.

Mor

Junky

their offices will be.

608, SHELL HOUSE,

QUEEN'S ROAD CENTRAL,

HONG KONG.

Telephone numbers remain unchanged.

Endow Your Children's Education

With First Hongkong Unit Fund Present Unit Holdera can now buy upwards of 100 units at a time in multiples of 100. For information and free bookot write to:

HONGKONG UNIT FUNDS LIMITED 701 Alexandra House, Hong Kong.

LIVERPOOL

29.76

31.M

Sop

31.79

22.14

33.10

8

Cloating prices all in perce per. lb.

American Contract

Oct/Nov. Dec/Jon Mar/Apri May/June

22.00

Mixed

Contract

COL/Nor?. Dra/Jan Mor./A)

May/J

8293 $280

HANN SABA)

RUBBER

NEW YORK

thick Sept. 209%

AMSTERDAM

Closing prices oil in guliders

per kilogram, cil: Sept.

272 buyers

2.11 buyers. at buyem 5.00 not

UPI.

No. fiber

No. Tubber

No. 3 rubber

No, 7 orepe

UPI

15:

Contract No. 4 (world)

2.04

Sept.

Oct,

JM

Mar

May

July

Spot (A. B. Cuba)

Rex rubber futures closing prices, all in conta por 1b:

Best,

Ma

Vely

Sept.

Total Bniet 47 contracte, Open interest: main contémata,

· Contesol No,'6 (domestic)

* 30.00

Nov. ***

22.70

Mar

20.40

Bpotent C., NY. «duty) .........

Fatal baleni oý nostrioti,

LONDON

Closing prices, all in sterling

3-month

N

-days

Buyer Sellers

800

301

B012

tki

230

#110

19059 19010

2.

20.00 0,00%

300

| XTitianiff

11.73-1

ono

6.00

2

6.00 Stoomkni

0,00

Képet asterunt; vip pontbants.—UPT.

Textiles

Mines

7160,

Syndi

V

..