1960-09-01 — Page 2

NOTICE

THE HONGKONG &

FAUNATT FERRY

CO., LTD.

Notice to Shareholders

NOTICE

15 HEREBY GIVEN that the Board of Directors have resolved to make an offer to members whe

on the 16th day of

October, 1960, are the regir-

THE CHINA MAIL, THURSDAY, SEPTEMBER 1, 1900, *****

London stocks COMMODITY PRICES Wall Street

Wall Street registers

close on the quiet side

London, Aug. 31.

tered holders of the 604,000 Stock markets gave an uninspiring performance

jasued shares of the Company

of 252,000 unissued ordinary

shares of the Company of the nominal value of $10 each at pur (such nominal

today and generally closed with small irregular movements.

Girl

RUBBER

SUGAR

Mixed Contract

Oci.

Das.

Mar

May

July

NEW YORK Rex rubber futures closing prices, all in cents per 1b.:

Beul.

36.11

Nov.

34.20

Jan.

Mar.

$2.75

May

2.45

July

Sept

NEW YORK Closing pricus all in eenis per Hb.:

Contract No. 4. (world) ·

Henke

Barclay's Bank" "a" pid ord-60s | CC7755

per

51

Chartered Bank--Me Ed. Hongkong c

port**

No: 1 theps.

054-06-

Mar

Lloyd's Bank AB P. National & Crindlaya

No. 1 Des

B12-081.

Isasik--37M

No. 2 Sept.

AT-01:

July...

ad-

No. 3 Sept.

Spot-FAS Con

were

Werttuisier Non-Cumiantive-42.

1216 No. 4 Sept.

130-94

80-80 107-1083

Contract No,

(domestic)

Nov. Jun.

on

0.00

Mer

Spot-ICIT. NY, ux-duty)

3.

6.06

Total Sules: 40 contraria. Open interest: 85 contracta-UPI,

The latest industrial produc- valuction gures, the dvernight east-

Wal

Street and the being payable in full upon ness cit application on or before the closing of the Berlin frontier were responsible for an unverz 31st day of December, 1900)tain opening.

securities so that each member of the Company or his approved very quiet with most prices un- ehuisgod. The Success of the County Ini Surray nominee shall be entitled to 12 apply for and take up one issue had no effect.

for! unissued ordinary share every two of the sald 604,000 issued shares then held by such member. The shares se Recepted, offered shall, if

19

Bank "A"

Insurance Valen Insurance Canton- £54.

Aircraft and Motorr

Ord-10s Malor Corp. British Ford Motor Co 10tjet. Hawker Sicdeles Group Ord-30s Rutts Bayer Ltd Ord-its 715 Rootes "A"--10. Standard Trianph Bernational

SINGAPORE

prices all in "Straits Closing

Sept. Ib. Lob. Malayan öel Jan.

Spя be bad... Blocket crepe No. 1 pale crepe ............ LONDON Closing.prices all in pence per

16.:

No. Rex spot 28 29

Settlement house term:

The fall on Wall Street helped to deprcus American favourites, notably Unilevers, which fet 2/-

154/-. Other

Sept. industriala to closed on a mixed note after u very erratic day.

Insurmee and banking shores rank for dividends us from were mixed but hire-purchase. the 1st day of January, 196stance Issues fell on Lombard's (but not so as to entitle them pront warning.

Breweries

Dalers Co-43.

South African Breweries 24 34. Buliding Materials Associated

Portland Caines-70N

Goodto Wall Leat Ori-40

Oils moved within narrow) to partleipate in any dividend finits and where changed eased declared in respect of the a few pence,

Stores rilled well with Wool- your ending 31st December, werths marked up 1/9 to 78/-) 1960) and in all other respeels Marks and Spencers rose i to, with the

Issue 887-, ` present

"Gold shares opened with re-us 6. ordinary shares of the Comnewed firmness but ttle fresh

7150. 1730! developed buying closed enixed.

pany.

No fraellonal certificates shall be issued, but the shares representing fractions shall be allotted to a trustee to be nominated by the Directors upon trust for sale on such conditions as they consider and expedient

the nul (less, the proceeds of sale

of $10 for euch amount share payable on acceptance) shall be distributed propor- those tionately amongst

merabers who would other wise be entitled to such frue. 1ona and thereof.

งง satisfaction

The offer will be made buy

notice sent by post to each

sharehvider specifying the

they

Tins were easier and copper, rubbers and teas dull-UPI,

Closing prices

Brill £00-3/10

Conse! 2-£40-7/10. Console 40+15/LE, Converaisin Lonn £50%

Oledged Bonds

Transport 3, 1078/8-

Funding Funding

Loan

** 1955/65-EB-I

זון

351-- 5

3 195/6

Stuck T. AN-

4. BINKIKK

1960/70-78-10 Savings a Sayings 3. 13/75--27-3/10.

NY sugar market

New York, Aug. 31.

number of shares to which World No. 4 sugar futures to-

not

each shareholder is entitled Bad Kuch

if offer, accepted either on behalf of; such member or his nominee, un or before the 31st day of December, 1960, will deemed to be declined and the Directors will dispose of the sald issued ordinary shares as they think fit.

be

NOTICE IS ALSO HEREBY GIVEN that an Extraordinary ; General Meeting of the Com- pany will be beld at the Cum- pany's Offices, Jordan Road

Pler, Ferry

Kowloon,

15th Saturday the

day of October, 1960, at 12.30 p.p. for the purpose of consider. ing, and if thought fit, paYA- Ing the following Resolution As an Ordinary Itesolution:-

**That it is desirable to capitalise the

of MUITI $2,520,000.00 being part.

day closed unclunged to two points higher on sales of 74 contracts,

Dumystic No. 6 sugar futures higher to un- Anished a point changed on a total of 48 sales. Both inarkets were quiet all

off WAKTU day. Sixt poultions

-the early in the session after Issuance of eight world delivery notices but firmed later when the notices were finally stopped

UPI.

Exchange rates

Bushes

lucht In the way dune exchange Markel $z unofficial mering at the following rutex:

DU

U.S. dostar per $1) Sterling notes per

4.GU

15312

Singapore (Siraits)

Australion otra iper £! Indonesian rupitali tee 100)... Sin ticals per 1081

12.64

24.40

NOTICE

THE HONGKONG & YAUMATI FERRY

of the undivided profits

of the Company standing

CO., LTD.

Food & Tobacco British American Tob, Co., Ltd

Lid-02 Co. Imperial Tobacco

Miscellaneous Boardman Martien Ltd. Britin Oxygen Lid. Dri-3h 3d. Canadian Paciße Rly-#42% De La Rue Co, OrdTEN. Dunlop Rubber C-29 71. Can Holding Ltd-2 4īgu. Bengkung & China dos-154. Imperial Chemical- . Lina & Co-841 +0. Untiever Lid-154 D),

l'aper

Radio and

Det. Dec. Jun Mar.

Estate erept this Sept

Thick Seat, w AMSTERDAM

Clusing prices all in guilders

COTTON

NEW YORK

Total SSN: 74. contracts,

Open Interest: 3325 contracts.

METALS

ליות

50.03

20.45

good average gains

New York, Aug. 31.

Stocks worked their way to a virtual standoff today. Prices ware at or slightly above their highs at the finish with electronics scoring the batter gains on average, followed by motors, oils and drugs.

Amerkan Telephone touched a now tgh with a gain of around two polnia during the final hour.

Conoptometer

and Telauto- late eregh, suspended since morning because of an inability to match buy orders, resumed trading just before the closing, bell. Complometer traded on ü 34,600-share koek at $30 up $0 and the latter on a 'transfer of 30,000 stares at (34% up

Strength in some of the offler intchine stocks was linked to the

over furore whipped up. Comptometer-Telautograph

the

the

Buying Alteredi back into steels with Youngstown and Lukene ahead around a half U.S. Steel was still off but above Its Row for the day. Today's

volume was 3,130,000 shares.

First Not City Bank Ford Motor ..... Georgia Pacific General Dynamics

General Electric General Fuoda

General Motore

Gen. Puts. U

Type & Rubber Gelly Glidden Co.

Goodrichs (1. F.) cu. Goodyear Tyre Gruinman Arerafi Gulf Oil .....

Haimond Orgas

Hi Walkri

Homestake Mintog Co.

Human Refrig.

Idaho Power

Imperial O

Imperial Talareu

The roll-hand Ikind steel Co. Thterchemical Corp. Int'l Business Machines Int'l Harvester .... International Nickel International Paper. | inti Tel & Tel

Johns Manville Co,

Halber Industries

Kansas C. Power & Light,

17 | Dmon Pacille Ballway

41

Union Aireratt

2 to Trul

By | Tuind das Corp.

8214) US. Fol "0"

U.S. Mypaun

43) 9. Le Co.

264 U.S. Rubber $47,8. Smekklog 12

38

69

37.

US Steel.

U.S.,Steel 7 PC TF Wamer Bros, D

Waukesha Motors

Westinghouse Air Brake 20% Westinghome Electric

34

Western Union' Tel. Co. West Va. Pulp & Paper Winn-Dixie Stores

194 Wentworth (K.W.

Zenith Radio

HONGKONG

thja muining

Business dune at the Hongkong

to approximately

R038,000. Noon qulations and

the morning's transactlens:

2016-202%

2011-2016

2012032

Apr./June

2046-2872

July/Sept

General markets,

elf. basis,

4tid. 1d.

Sept Oct.

parts:

2011-2012

NEW YORK

2011-201

vice.

Nov.

2012-2014

Closing

prices, all in

cents

Cozl. Steel & Engineering Babcock Wilcox Lid-30% ), United Steel...091 kl. Vickera Ltd-33 3d.

31" 291

[XT H.;

Leal,

Bepl

10.03

Nov,

10.11

per klogram, elf. Sept.

Zine,

No. 1 rubber

2.10 buyers

Sept,

11.21

Nuv.

No. 2 rubber

2.75 buyers

No. 3 rubber

2.74 buyers

Copper.

No. 1 erepHO

5.05 noin.

Expl

- UPI.

Nov.

LONDON Closing prices, all in sterling per lung ton.

Of a total 1,203 shares traded, 500 were higher and 74 lower.

American exchange was 1,580,000 shares.

Kebnecot Copper

Kimberly Clark

0015

volume

Ligget! & Bryers Tob. Co. Ly Tullp

Lilton Ind.

STOCK EXCHANGE

Buyers

Yetlers

Lockheed Alterati

Tin.

NOO!

000

Bonds volume amounted to $3,900,000.

Loews Incogja......

2236

Lone Star Cement Co.

by

3-monik

B00%

DO!

Lowenstein Song

102%

Our Own Correspondent

Cropper,

Dow Jones Nosing averagen:

McDermott J. Hay

put

215%

22524

30 industrial

623.99

McDonnell Airerati

201

South

2351

20 rola

130 72

Merck

0731

Bowater Papes Corp Ord-049.

Zine ist half.

15 11

04.70

Meusb! Iron Corp.

043:

Associated Electrien!-g"

Closing pricus all in cents per

Sept

7112

ES stocks

207.30

Minnesota MinDig

221.

1.

ib.:

Dec.

40 bonds

A.25

Mission Devetopirent

18

Stuck Exchange

Electrical & Musical-473 04. Englisit Electric Co-a d Genera: Eleclic-JA.

shipping

Spot

Des

32.45

Lead it i

Comm. fiture price index..

143.49

Monsanto Chemical Co.

3Bt

amounted

31.01

Sept.

B52

30

Montecatini

20

31.27

Dec

5012

BGT

31.80

Closing prices

Montgomery

Ward

Motorola Inc.

74%

481

Indu-Ching

Steam Nav. Cu, del

33 3d. P&G Stenzn Navigation der orú 3% d

May

34.11.

Abitibi Pwr. & Paper

#39

National Cash Reg. "A"

SPIK Bank

, 1105 $178

Lombard

30

July

Alden Ing. Mey.

어

National Dairy Prod.

5014

Union Ina..

OL

Oct.

Algoma Steel Corp.

13

National Lead .......

A23

Dec.

NG

Stores

National Steel Corp.

Great Universal Stores "A"-50%

Mar

Allied Mms Inc.

New York Centrai

194

Mpy

All Chalmers

5:05

Noranda Mines Lt.

3915

Wheelock.

Marke +

Spencer Ltd

July

Am. Brake Shoe

401

Norfolk & Western Ry.

DEY!

Woolworth F. W. & Co-70%.

American Airline

1912

North Amer. Avinilon .....

44

HK Duck

NEW ORLEANS Closing prices all is

Am. Cable & Radio Corp.

9

Northwest Airlines (Cons...

18

Provident

..19.00 20.30

cents

American Cyangmid Co

Otis Elevators jordan

IK Hole!

Am. & Porgn. Power

73

Owen-linein Glen

06

per lb.:

Am. Gau & Electric

60

Spot

Closing rates:

Oxford Paper Co. ...

Am Hot Prod.

16516

Oct.

Candu

BALL

Pan American Airways

194

Dec.

30.52

England.

A Natural Gas

712

Mar

hongkong Tin H

May

American Smelting

Parke Davis Co.

Paramount Pictures

KK Land

140(

Yaunali

100

Pelafing Tin 1.

July

Am, Sugar Ref

281%

Pauw J. C. Co.

indi 720.

Oct.

Southern Kina Con; Lid-249 04. Union Corp-33 45d.

Dec

American Tel & Tel Americal Tob,

0445

Pent. Salt Co.

5010

Phik MorİS

Clasing rates:

301

Pitney Bowes

Mur

West Drieftateln Goldratting—82%

591

Procter & Gamble Co.

HK Trom

May

Gd.

July

Montreal

dia

taburen Plate Glas

Ex. Div.

៦៖

21.00 21.00

On

Amsterdam

3012

Publieker Dndustries

Brilist: Borneo Petroleum Syndt- cate-30% 47.

LIVERPOOL

Brussel

CoothariN

British

Pd.

Dd

Burmah Briti Petroleum Co., Lad-da per lb.

Petroletan--ix

Closing prices all in penceFrankfurt

IP 102 10 3014

31.72-11.729

1300 21.10

American Contract

Lisbon Qu Farl

Burmall-400.

Oct.

22.00

Hoyal Dutch Petroleum-12.

Dec.

22.45

Shel Transport & Trading-Jats

Mfor.

22.48

1 Vienna

3cf

May

-Router.

July

Textes

Coat &' Lik-538 116d. Cortana Lid-57 74.

Mis

Cm GoldBelds of South Africa-

0% d

Cons. Zinc Corp. Ord-77s 3d,

De Beers der 14s 30ad.

Singapore

22.500

22.35

Allied Calemicals

FOREIGN LXCHANGE

NEW YORK

1.03-3/3424

Am. Mach. & F'dry.

American Meti

New York

2.0118

2.0037

30-13 Other unchanced.

LONDON

2.03-1/16-2,51-3/16

Ampex Anaconds

1 Copper

2.72-9/10-2.72-11/18 | Armco Steel

10.00-20.0035

120.00-140.0015

Armour

Asentra Corp. Allas Cons. Mining Baldwin-Lima-Ham

Baltimore & Onio

Bank of Montreal

Stockholm Mden

Zurich

30.20.00.30

20.00-20.03 13.7796-13.779%

14.4844-14.50 17443-1744 72.52-72,85 12-11-12.11

-ÚPI,

faces textile

threat from

FROM GORDON HUNG

Reds

Bendix Aylation Corp. Benguet Cons. Betlehem Steel

Boring: Airplane Burden The

Co.

Burroughs Add Machine

British Amer. Oil

Calit. Packing Corp. Canu. Uk of Comm. Cann, Brewer

National Biscuit Co.

Pacific Ca & Zice.

Wharf Co. Waterbust

15 250 1000 m2 24.50

7.0J

7:00

100 101

40% 4032

1000 225

2000 1.00

50 47 120

1000h 405

2004beta

300 4012

Ch. Laghi

200

Pitre Cu

Radio Corporation

Radio Corp. Pref.

Raytheon

Republic Steel

Reynolds Metal

Reynoldi Tobacco ...

Becific ... 23.10 23.20

100.21.1

600 & 2140

2000 F

BO

200 Gr 21,00 ใ ง ด 25,1

PASÓ & 23.10 1800 28.10 2003:19 103

304

31%

59

Bank of Nova Scotia

Brech Life Savers

41

Bell Telephone ---

40%

Royal Bank of Cenozla

Beneficiat Finance

20

Royal Dutch...

0144

theem Mig.

Bears. Boetruck & Co.

Telephone.

30 3612

Shell O C

2311

500

284

Safeway Storer

30

491% saint Reg. Paper

GI. Coment

30%

502

Scott Paper

Schenley Inc.

Dairy Farm 28.4) 20.10

500

29,5

300

28.40

Slegter Corp.

Avelar Of

Watson Alted V.

23.00

5.80

3.85 4000 5.35

3000000

8412

Smith, Kine & French

Textile

2.20

3.40

2 Bocony Moby Du

Nanyang

101%

South Puerto Rico Sugar Southern Co. (The)

MIR

13.20 13.00

Amal.

Southern Natural Gas

Rubber

ॐ

Bouthern Railway (Com.)

431%

Sperry Hand

Standard Brenkty

Slotidard Oll of Cal.

Starsdaed 04 of Trad.

Rubber Trust

1.00

7.38 2000

-

079

Bishdard Où of NJ,

40%

Sleep Rock

304

Blecting Drug Co.

Stokely VanCamp.

43

Bore & Webitee

Campbell Soup Cu.

Canadian Pacine R.

Case J. 1.) Co.

Cat. Tractor

Celanese Corp.

| C, I. T. Financial Corp.

Chrysler Motors Ciuett Peabody... Colgate-Palmolive Co.

Carbon CV.

Russia and Red China continue to make considerable inroads on the Singa-Comercial dredit

pore textile market, successfully competing in price against other manufacturers, particularly Japan and India.

uf NOTICE is hereby given

China has become the second products

00:1on Eustomers.

local

in the fist six months of 1950.

But China sent 10.3 million sq. yd, of this type of fabric against 1.3 million sq. yd. In the first, half of last year.

Consolated Exism Continental Can

| Continental Cl cf Del.

Crane CoNS

Crown Zellerbach

Cuban Amer, Suga

For the Brst half of this year, price will no longer make the

Delaware & Hudson Co. atarceling 101

Diamond Alkal Diamond Gard supplier largest

Distillers-Sedgrams Competition from Red China sending

Dominion Stores fabrics into the State,

against is expected to grow keener, as

Dougian Alperaft MS9.6 million worth

Dow Chemical ... the million in

corres the Singapore Government re-

Despite strong Russian and Dupont de Nemours that import cently announced ponding period of 1839.

Chinese cumpeiltion, Japan. Is Exitom Air Line licences for eight types of The Russian expansion has been even more mibaiantial, Chinese texides could in futures, however, the largest tex- Eastman Kodaic

ille supplier into the Federation El Paso Natural Gas

Finance Corp. Fondly imports of her textlies for the be "freely approved."

of Malaya and Singapore. Firestone Tyre & Rubber period having increased from to $3.2 million in $739,000

Singapore textile traders say

at the credit of the, Com- that an interim dividend of pany's Reserve Fund and three dollars per share on accordingly that a special the Company's issued caplial $8.7 Capital Bonus of $2,520,- has been declared in respect the year ending 31st 000.00 be declared and of that such bonus be ap- December, 1960. plied on behalf of the per-;

Dividend warrants will be

sons who on the 15th day available for collection at the value.

of October, the holders of the 504,000 issued shares of the Com- pany in payment in full

pany,

11

The Federation Imposed import ban on July 21 (u pro- teel Malayan industry.

Red China has also trebled 1960, were registered office of the Com-] that Russian cotton fabrics are her supplies of printed syntheile

14-1-148

Voeux now the cheapest available on fabrics into Des

Singapore in the selling at 15 first half of this year from 017,- Road, Central, 1st floor, Hong the local market,

price of

000 sq. yd. to 1,7 million sq. Kong, or will be dealt with per cent below the

Japoneze quality.

yd. for 252,000 unlasued or- in accordance with standing However, they do not think dinary shares credited as

Russian cotton more instructions, on and after that fully paid bo accordingly 15th October, 1960.

fubrics will be Imported into Singapore from now onwards, allotted to much persons

because the Soviet has recently increased its export prices.

They say in view of the fact

Russian textiles

in the proportion of one Notice is also given that such ordinary share for the share register of the

Imports of Japanese printed synthetic fabrics have dropped from 32.8 million sq, yd. u 20.2 million su, yd.

Less Japanese dyed synthetle dress materials were also im- are ported into Singapore, the total

every two of the said 504,- Company will be closed from that 000 Issued shares then Monday, 3rd October, to generally inferior in quality and boing 13.9 million sq, yd, com. held by such persons Saturday, 15th October, 1960, Hmited in designs, the increased pared with 24.7 million syd, respectively, and that the both days inclusive,

sharos so allotted shall be

By Order of the Board,

treated for all purposes A

an increase of the nominal

amount of the Capital of

LAU CHAN KWOK,

Managing Director.

CHANGE OF ADDRESS

the Company held by each Hong Kong, 29th Aug, 1960. HARLEY MULLION & CO., (HONG KONG)

such shareholder and not

as income, and that such

sharos shall rank for divi-

dend as from the 1st day of January, 1961 (but not BD as to entitle them to

participate in any dividend declared in respect of the

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

AND NOTICE IS ALSO year ending 31st Decem- GIVEN that the Share Rogia- ber, 1980), and that no ter of the Company will be fractional certifientos shall cloned from Monday, the 3rd Balanced, but that shares to Saturday, the 15th October, representing fractions 1000, both days inclusive. shall be allotted to a trus- By Order of the Board. tee to the nominated by

the Directors upon trust

for sale óf such äonditions

as they consider expedient,

of Directorn, LAU CİLAN KWOK,

Managing Director.

and the nut protééds of Hong Kong, 29th Aug., 1980, sale shall in distibuted M

LIMITED

announce

that as from 1st September, 1960

their offices will.be

at

608, SHELL HOUSE, QUEEN'S ROAD CENTRAL,

HONG KONG.

Telephone numbers remain unchanged.

CANADA'S LARGEST

LIFE ASSURAnce companY

OFFERS

£4,315

YOU

AT AGE 55

254

474 Studebaker Packard Cory),

Bunshine Mining

Bwin & Co.

Texas Co.

Textron Inc.

Thlokol Chem.

KI

3075

301%

3216

Tide Waier 'Oil

Time Inc.ww

[ET**

Tri-Cont. Warrants

Twentieth Century Tex m

12434 Union Carbide

Men, or women, under 15 by sailing weide regular monthly, half-yanriv or yearly amounts under the SUN LIFE ASSURANCE COMPANY OF CANADA plon can, for example, receive at agy öö a lump sum #4,315 DI 305

tur men or £4,042 for women or 4 privalu income for 1:50. "Tou

* year. Any accumulated dividends would be paid in are somewhat older than 45 now, the fruits of your waying would come. st, eny, 60 or 63.

£1,300 FOR YOUR PAMILY. If you do not be to continue paymanta regularly until you are 55, your family would receive 3,000. INCOME TAX #AVED. White you are saving for your later yours in Wife way, you would be entitled to the 'Bigger Besoins of rellet from any Income Tax you are now paying

SAFEGUARDS run you, Guaranteed safeguseda promised by the Company would help you to overcome any financial difficulties you might meet on the WHY.

The size of thờ cách sựm or private income depends upon your wishes And the amount you regularly set aside. Adjjainment, can be made to ault your personal requirements — länge of antian, By filling in wed sending the enquiry forra (postage & panta ik uzumenied) you can obtain full details suited to you — personsly.

You are under no obligation if you ask for information.

LOMAKERRANOVAEuro 4. M. King

SUN LIFE OF CANADA

217, Gloucester Building, Hong Kong,

I should like to know more shaut your Plan sa advertised without inestring may obligation,

NAMR

ADDRESS

¿Meų Mes, or Miss)

Veenpation

Kupas, data në Birth

Union Oil of Cat.

བྷཱུ

1000 5

2000

1000 50.00 3000 0.80

1000 7.00 2000 7.80 Talkoo Duck 57 57 200 a 67% Realty Ex.

DIV.

.... 1.725 100 5000

SIK Ca 14.30. 1459

400

100

431 Int'l Inv...

9.15

1250 @ 0.20

20 Lane Craw

200

381⁄2

2114

KK & F

14.20

18:

Gilman

1.30 1.83 2014

St Perry

41

104

10.13

Irw.

Humphrey's

X Div...

Maenu Elec. 11.70 Viuro

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