1960-10-13 — Page 2

NOTICE

THE HONGKONG ♣ YAUMATI FERRY

CO., LTD.

Notice to Bhareholders

nominal (such

of

THE CHINA MAIL, THURSDAY, OCTOBER 18, 1960.

Wall Street sees first Red

Red China

London decline in

stocks six sessions

ease

1

London, Oct. 12. Industrial stocks moved irro-

gularly lower today ол

HONGKONG

STOCK EXCHANGE

by

Dus Own Correspundent

New York, Oct. 12. Traders, more interested in the world series than the stock market today, gave the list its first decline on average morning amounted to approxi- in six sessions.

NOTICE '18 HEREBY GIVEN that the Board Directors have resolved to make an offer to members who on the 16th day of October, 1900, are the regis tored 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 ench at valuc риг being payable in full upon application on or before the 31st day of December, 1980) so that each member of the Company or his approved nominee shall be entitled to apply for and take up one unissued ordinary share for every two of the suid 604,000

Motors fell back paced by more issued shares then held by auch member. The shares ao Ford. Textiles, stores and bre- stood offered shall, if accepted, warles finished mixed, rank for dividends as from steels were lower, the lat day of January, 1961 (but not so as to entitle them to participate in any dividend declared in respect of the year ending 31st Decembar, 1960) and in all other respects, Grecks looked lower in a with the presentiasued quiet foreign boad market. Dol- ordinary shares of the Com

pany,

No Tractional certificates shall be issued; but the shares representing fractions shall be allotted to a trustee to ba nominated by the Directora upon trust for sale on such conditions as they consider. expedient and the

not

proceeds of sald (less the Cambunt of $10 for each share payable on ncceptance) shall be distributed propor

thoka tionately amongst members who would. olher- wise be entitled to such frac tions and in atisfaction

The offer will be made by notice sent by post to each shareholder specifying the number of shares to. which euch shareholder is entitled 起 not Buch uffer, und

accepted either on behalf of

such member or his nominee, on or before the 81st day of

Will December, 1900,

be

deamed to be declined and the Directors will dispose of the said unissued ordinary sharea as they think fit.

NOTICE IS ALSO HEREBY GIVEN that an Extraordinary General Meeting of the Com- pany will be held at the Com- pany's Offices, Jordan Road Kowloon, on Ferry Pier,

the 15th day of Saturday October, 1960, at 12.80 p.m. for the purpose of consider- ing, and if thought fit, paks- Ing the following Resolution as an Ordinary Resolution;- "That it is desirable to of 80m capitalise the

being part

$2,520,000,00

of the undivided profits

2

Brands

Steel Co. of Canada Sterling Drug Co. Blakely-Var Corp.

news of production cut- Oboervanes of the Columbus Socony Motal Oll backs by British Motor Day holiday also held volume Southern Pacing Co.

to around the lowest Of Stamland Oil of Cal Corporation gilt edged down

ex- the year. securities, however,

Most of the smaller oll stocks tended their gains.

finished the day a point or higher while Polaroid out in the plus column white with a gain of around 7.

Electronics

na Texas Co. down Were

Textron Inc. ди 7 much

in Texas instruime Inc. their ments, motors held fractionally Union Carbide

higher except

Gold stocks continued

downward drift. Coppers

tins cased,

and

Olis lost fractions with, Ultra- mar the biggest loser...

lår stocks cased.—UPI,

Closing prices.

British Government Securiles 21%, Connlidated-= £55-3/14. Conversion00

3% Savings 1950/02 £58-23/32, 3. Bavings 3PGJ/70—27834. 3%, Baving 1965/75-£71-0/18. .. Banks & Insurance

Barclays Ord—69_9d. Chartered Bank-57 Od. Hongkong Bank-ics. Lloyds Bank-109d. Union Insurancemde týů,

оц Burmah OIL-40% Dd. Royal Tuten-123).

3d.

Steel Engineering - Babcock

Jox Ord...34% 20. United Steel-83# · 3d% Vicken Ord-31 Jct.

Industrials Anot. cc. Industrie Asoc. Partland Cement-72 1d. Beardman, Marders Om British-Amer. Tob.. Ord-dz Brilla Molor Ord-18 id. Ccale (J, & P.) Ord-003 lou, Courtaulds Ord 117.

De La Rue Ord-656. Dunlop Rubber Ordi09 44. Eler.Mus. Industries 40% 30. Ford Moler Ors-0 d.

General Electric Ord-380. Gitman (Holdings) Ord-2# 34: Grant Univeral Ond-Ne 1. Hawker Siddeley Ord-3in f inperial Chemical Ord-fle 3d. Imperial Tobacco Ord 74.

Ord--12 Marks & Spencer "A"

Rolls-Royce-45€ 2d. Blanderd-Triumph--ti, W. Unilever Ord-155 3. Woolworth Ord-82 15.

Mines De Beers Def-1406 Petaling Tin-Ta id. Union Corporation in Gd,

Miscellaneo

Bowmaker Ord-253 74. Canadian Pacille Ord-13334. Hongkong & China Ga-15. P.&O. Steam NAV. Det-e 74. Reuter.

HK UNIT FUND

Unit Trust First Hong Kong Fund: Buyer Price: $0.99, Seller Price: $1.05.

NOTICE

THE HONGKONG & YAUMATI FERRY CO., LTD.

of the Company standing! NOTICE la hereby given

at the credit of the Com-that an interim dividend of pany's Reserve Fund and three dollars per share on

Business done at the Hong. kong Stock Exchange this

mately $2,750,000. Noon quota- tions and the morning's transac

tions:

Blares

Buyara Ballers

silk shirts

in Singapore

By Gordon Hung

-Singapore (by Airmail). Silk shirts mado in ́Commu- nist China have invadod the Singapore market.

The shirts have been imported into the State from Hongkong, where they are very popular for their low price.

Making their first appearance on the sitiowalk of a busy Singapore street, a peddler sold dozen in loss more than two than 15 minutes. Bales

DO 1215. 30 + 1000

27:40 27.00 1000 23.19

200 3.40

301

Starded Ou of Ind. Standard On of NJ.

4502 401

K' Bank. 10 140

41

Lombard Ins. 305

170 £37

03

-1413

Union What

ina 100 104

Co

230

400 64

toe & Webster Studebaker-Packard Corp. Swift & Os.

Waterboot

10%

Wheelock.

75

2014

01

JK Duck

114

Prodent

2514

Halol.

KK Land

4414

for Chrysler Union Pacife Railway

United Aircraft coppers U.S. Foll "0" which eased tightly,

and US, Gypsen

U.S. Rubber

as much as 2 in Magna stools over a point in US. Steel,

U.S. Smelting Today's volume was 1,890,000.8. Stret

Warner Brom.

traded. shares. Of a total 1,124 shares Westinghours Electric

337 were higher,

and Western Union T. Co.

500 lower, American exchange | Woolworth (K, W.) volume was

Bonds volume

920,000 shares.

crnouted to

Dow-Jones closing averages

3,250,000.

wert:

30 Industrials

20

rolls

16

utilities

65 stocka

40 bonds

585.83

126.67

93.21

165.57

84.90

Coman future price index 143.59.

Closing prices

Abiti Pwr, & Paper Alden In hoy, 19 Agama Steel Corp. aled Cheroicada ... Allled Mus Inc. Allis Chalmers

Am.

Airline

Americo & Radio Corp. American Cyanid Co.

Am, Gas & Flectric

A. Horge Prod,

Am. Mach. & Fury. American Metzi American melting Am. Sugar Hei

America Tel & To American Tob

Anaconds, Copper Armour ARRAY Asbestos

Atlas Coffy.

ning

Baldwin-Lima-Earn. Beliunore & Ohio Bank of Montreal Bank of Nova Scotia Beech Le Savery

B. C. Co.

Bell Teldphone

Bendix Aviation Corp.

Benguet Cons Bethlehem Steel Bucing Airplane Barden They Co Burroughs Ada Machine British Amer. On.... British Columbia Elec. Erith Chambla Pwr. Calif. Packing Corp. Cana, Ek, Gt Comm Browern Campbell Soup Dr. Canadian Pacific 1. Camo J. 1.) Co.

| Cat. Tractor

Celanexo Corp.

G. L. T. Financial Corp.

Chrysler Motora

Cluelt Peabody

Colombian Carbon Co.

Commercial Crodit

Corning Glas Works Consolidated Edison

Consolidated Paper Consumers Gas Continental Can

Continental Oil of Del. Delaware & Hudson Co. Discher-SZOKTAMS Dominion Stores Douglas Atreraft

Go Chemical Dupont de Nemours Englom Air Line

Eastman Kodak Family Finance Corp.

First Nat. City Bank

accordingly that a special the Company's issued capital; Perro Corp....... Capital Bonus of $2,620,- hus been declared in respout Ford Motor Co. of Cana.

the and of 000.00 be declared

year ending 31st Ford Moter that such bonus be ap- December, 1960,

plied on behalf of the per- Dividend warrants will be sone who on the 15th day available for collection at the of October, 1980, were the holders of the 504,000 registered office of the Com issued shares of the Company, 144-148 pany in payment in full Road, Central, 1st floor, Hong

for 262,000 unissued or-

Вся Vooux

Kong, or will be dealt with In accordance with standing

dinary shares credited us instructions, on and after fully paid be accordingly 15th October, 1960. allotted to such persons

In the proportion of one

Notice in also given that

auch ordinary share for the share register of the every two of the said 604,- Company will be closed from 000 issued shares

October, then Monday. Brd held by such persons Baturday, 15th October, 1980, respectively, and that the both days inclusive,

shares so allotted shall be

treated for all purposes a5 an increase of the nominal amount of the Capital of

Georgia Pacifie

General Dynamics

General Electric

Gestern! Frods

General Motora

Getty Dil

Gen. Pub. Util. Goodrich (B. F.) Co. Codyear Tyre

Gulf Oil

Great Northern Railway

Homeslake Mining Co. fussman Befrig. Imperial Oil...

inland Steel Co.

Imperial Tube com

Int'l Business Machines Int'l Harvester ..... International Nickel

international Paper

Ini' Tel & Tel

Jona-Marwille Co.

Kimberly Clark ....

Lockheed Aircrati

14%

1041

Estimate of

U.S. 1960

corn crop

Washington, Oct. 12.

|Tha U.S. Agriculture De-

B.0.00 20000 41 2.85

1000 1.00

9000

190 307 1903 24 160 2150

Youunati Ferry,

434 4312 2503 43

}

150 43

012

1709 je 62

50 v 5115

PA O BE

200

·70064 203

500 m 23.40 200 or 23.0

700 (

Esc. All.. HK Tram. 312 32

Light 23.40 2335

103

. 20.40 26.CO

HK Tel. .. 2014 201

HR Elec.

Ri... 10.80 15.00

G. Cement 301⁄2 Dairy Farm

EX DM. 30% 30%

Walson Allied Textile

Nanypru

20332715

759 23,79 117 7670 3000 A 20.81

100 € 391 ZOCO & SULE

p1 or 1.78

1330 k 19.09.

· 1919.80

57 1800 80%

Inv. 25.80 27.40

partment yesterday Amal. Rub. estimated the 1960 corn

crop

bushels.

300 3J!?

500 (

2.63 B.70

624

1600

3000 3,70

533 B7%

1250 1,70

03 in G

14% 14.80

0300 7 14.00

130 14

500 14.00

5.30 1000 g 4.25 1000 0.55

80000 7.00

614

TTUM 7.80 Taikon Dock

2000 64% Humphreya $4.00 24.50 1000 of 24.10

SCO J 24.70 1.90 1.925 60000 @ 1.925 15000 à 1,025 20171

4,258,511,000 Pub at

This compares with the September estimate of 4,182,467,000/Realty bushels and last year's Stor Terry 172 record 4,361,170,000 bushels.

The wheat crop was esti- mated at 1,388,238,000 bushels, mode of 1,116,810,000 bushel.

14.00 14.00

The shirts, made from pure white

are silk,

at

HK$4.50 each.

priced

One of the several peddlers selling the made-in-Communist-

New aircraft can

perform ten

different roles

China shirts maid: "We guaran. A new freighter aircraft, the Short SC.7 Skyvan,

ter they don't shrini. These

shirts are very popular Hongkong"

Stn holders, however, in Sng- apore's leading

side-street

shopping area, Change Alley, are complaining because they are selling the same shirts for HK$15.30.

"Something should be done

"the flying equivalent of a 11⁄2 ton truck;" capable of performing 10 different roles, hás been designed in Britain.

How

Its bruliders, Short Brothers ; and sell him something. and Harland, of Belfast who much more effective this can be also designed the revolutionary | if the salesman takes his wATES SC.1 jet engined vertical take with him." And they point out aft research plane and are that, with a demonstration una to stop the sale of these shirts

now constructing one of the of up to 2,000 lb. weight in the Car below our prive," one said,

the hold, a team of sour flying m106- largest air-freightons in does the man-in-world, the Britannic But what-

claim men could be comfortably seal- the-street feel about 111

ed in the aircraft,

"I buy them where It is cheapest," is the consensus of opinion in money-tight Singa-

parc.

Jet flights cancelled

Minneapolis, Oct. 12.

ablo to

SC.7 Skyvan will that the carry 3,000 lb. of almost any- thing and will be operate safely at full load out of any half-mile field, clearing or strip.

As an agricultural aircraft, the SC.7 could carry a largo hopper and its associated equip ment as well as over a ton of dry or wet chemicala.""

The freighter is a twin-

be Because the aircraft can engined, high-winged all-metal flown with the rear, door open, monoplane with a twin-finned, bales of fencing wire would be tall

and non-retracting pitched out at required intervals nose-wheel Its dimensions along a line fonce,

unit

ure: epun 64 feet 1 inch, height

LIGHT TRACTORS

For both types of job, the 13 feet 3 inches and length 30 feet 11 inches. The main hold plant's good handling qualities 16 feet long and 8 feot right down to 70 m.p.h. would Pure jst flights operated by square inside and there are no be a great asset.

North-West Airlines be- projections or restrictions. The tween the United States large rear loading door can, be and Honolulu and Tokyo opened in flight for parachute- were not running today dropping. following a walkout of flight engineers,

The cngineers have walked out on services using the DCC only, and propeller, and turbo. 500 g 172 prop flights are not affected, the 5500 je 14.90 | Rirline, said,

HK Gas

1500 a 14.00 i

Cilmet

1000 2.10

2000 of 2.15

Meq Elec. 11.00 Sincere

1000 11.90

400 5.00

100 3.60

8.40

HK & FE

estimate

24.10 14.40

27.30

a last month's was virtually

18.40

of winter wheat and 251,628,000 Int Invest. bushels of spring wheat,

The winter wheat was the same

when the

<rup

all harvested. The spring wheat

Jast estimate compares with

mouth's forecast of 251,101,000 |, bushels,

The current all-wheat crop 1,128,151,000 with compares bushels last year and a 10-year overage of 1,092,071,000 bushels. ~~UPI.

Rubber

market

review

New York, Oct. 12. Rex rubber futures today closed 15 to 40 points higher on sales of 35 ̊ con-

tracts.

Local futures prices advanced modestly today la Une with the firm trend in markets overseas.

In actual rubber, dealers dag- 12cribed the session as "pretty much of a wasted day" with niany intervosis staying at home ou over the Columbus Day holiday. Manufacturers showed little in- terest and

510

Far East offerings

were scafer and high priced. However, 2 crepe was reported

Inv. Ione, Craw 40% Ent. Vibro

Exchange rates

5,01

Business was done in the local wsofficial exchange market this maring at the following rates:- US doller (per $1) goste. Sterling Koleg (per 212. Australiant Tuitey (per £1 Indonesian rupiah (per 100) Elan tienie (per 100) Singapore. (Stralis)

15.94 12.02

2020 1.90

The engineers had decided to

With full payload the SC.7 will fly 200 miles at 108 m.ph, or with a one-ton payload the

Tises to 000 miles Tenge

140 m.p.h.

VARIETY OF ROLES

that

The makers claim

at

Light tractors and feld machinery and a wide range of animals could be carried, as well as any known automobile weighing less than 3,000 lb.

Military capabilities of the aircraft include supply crop- ping by parachute, the carringu of 12 fully armed paratroopers tty who could jump in sequoties

walk on the job because they design will enable certification straight off the rear floor slil, were not being paid enough for to be obtained to the highest the transport of up to 15 seated work on pure jot planes, airline standards anywhere in soldiers over

the world.

union spokesman sald.

Tolks were continuing be- tween union representatives and tho company today

Reuter.

Rayon project for Indonesia

Djakarta, Oct. 12. 3400 Indonesia will shortly es- tablish a rayon manu- facturing pilot project, a senfor government tex- tile technlelani Mr Nogi, told reporters today. The government had been Washington, Oct. 12,

testing rayon-yielding The Export-Import Bank yes- material for four years, Me terday authorised $6,400,000 in Nogl maid.

For Pakistan

בלו

credits to Pakistan for purchase Manufacturing machinery will of raw cotton processing equip- be brought out from West Ge-

nuany soon),

The

ment In the United States.

Delivery of the equipment is

government wants to expected to be completed by produce 53,000 tons of rayon a late 1982-UPI.

yeur Router.

Yesterday's Closing

→ range of 200 miles or 10 soldiers 900 miles, In a and setting them down Primarily designed

a 500-yard Ñeld, 'or, as an air freighter, the aircraft will ful-ambulance, the transportation and an Al a wide variety of roles in the of 12 stratcher cases civil and military fields.

attendant.

As a passenger transport it

The SC.7 has a non-buckling will accommodate 15 people, the stressed skin structure and al-

square cross-section and large headroom - 8 feet 8 inches

most the

entire aircraft is

thin corrugated sheet

of the compartment making it covered with a sandwich com-

prising easy for a commuter service to

thin flat sheet bonded and be arranged, with passengera carrying their own luggage and placing it on the targe provided.

This form of con- together, racks atruction is said to be extreme

ly strong.

Fitted out as an executive

Two prototypes are being transport, the 8C.7 would bulit and are expected to fly offer businessmen a spacious, in the Spring of 1001. comfortable aircraft equipped with the "necessities of life", such as a toilet and a bar, and with room to get up and move around. And, it necessary, the plane could be used se an attractively furnished ground. based office,

A choice of interior layouts is available to the operator rang. ing from the 42-seat first class configuration to Д C0-seat Economy class layout,

Included in the basic aircraft as offered to the operator arg full airframe and engine anti- Another role suggested for icing; Smith's fight system in- the SC.7 is that of a flying show- clude autopilot; air condition

and re. pressunnon room. States Shorts: "One of the ing first seasons for business travel frigeration systems" presure 10- is to get to a potential customer fucking; engine water infection system; engine thrust reversCTE and comprehensive radio and navigational equipment.

COMMODITY PRICES

RUBBER

NEW YORK

futures Rex rubber

at 32%. The current month for prices, all in cents per b

-month

Copper pot

3-munit

100

*LOT

LIVERPOOL

32.60

22.00

The basic operational weight of the Avro 771 is just over 29.000 tb. and the maximum payload is 12,000, 16. Maximum fuel capacity is 10,000 15, (2,000 gail) and the maximum range of the arcraft is 1,700, mautical miles.

The Avro 771, A.V. Ros bé- lieves, will offer operators an inexpensive aircraft with nil the latest standards of lot age speed and comfort giving maximum economy for an aircraft in ta

Closing prices all, is pence per class.

LONDON

Doc.

1

Closing prices, all in sterling

Mar.

May

#2

per long ton

July

Duyses Sellers,

5315

Tin Apot

*12

Kennecol Copper

13

101%

81

done for October shipment at

223

to

Liggett & Myers Tob, Co.

*

32% and one sheets were done

22434

{b.;

Lily Tuip Ltion ind.

60%

closing Zine 2nd halt

American Contract

-

Out.

22 No. 1 ras was quoted at 34

Nov

34.25

JAD.

074

Oct.

2.80

rit cente

11:285

Load 2nd halt

Doc.

get.

32.30

Jun.

MAY

23% 3432

In London the rubber market was steady with spot quoted at 129-1/16 No. 1 rm spot 28% 20%.

-UPI,

**30

July

30.10

UPI.

July

23.42

WOR

31.70

Mixed Contruct

LONDON

21.35

Closing prices

all in pence

Dee.

$871-20

Mar May

23.75

23.75

Oot./Dec.

2016-28%

-UPI.

Jan./Mec

2014-2832

Apr/June

Jury/Sept.

By Order of the Board,

LAU CHAN KWOK,

Managing Director. Kong, 29th Aug, 1960.

the Company held by each Hong such shareholder and not or income, and that such

shares shall rank for divi.

dend as from the 1st day

of January, 1961 (but not

No 48 to entitle them to

participate in any dividend

declared in respect of the

Loews Incorp. ...... Lone Star Cement Co. Lowenstein & Son McDermott 3. May MeDon 11 Aircraft Most ron Corp. Milon Development

Nations Coat. Reg. "A" National Dairy Prod. National Load

Mantzomer Ward...

proportionately amongst | New York Central

Noranda Bin

Lad

those members who would North Amer. Aviation otherwise be entitled to Northwest Airlines (Com.)

Okiahama Nat. Gas such Zractions and

in Otis Elevatore

Owen-linol Gleas satisfaction thereo!”

Oxford Paper Co.. Feelfie Cam & King, Pan American Airways" Peremount Picturie

AND NOTICE 19 ALSO

Procter & Gamlin Co.

year ending 31st Decem- GIVEN that the Shure Regis-oilip Morris bor, 1960), and that no ter of the Company will be riumy Bowes fractional certificates shall closed from Monday, the Brd publicar. Industria be issued, but that shares to Saturday, the 15th October, pure on ********

fractions 1900, both days Inclusive. representing

shall be allotted to a trux-

tee to the nominated by

the Directors upon trust

for sale on such conditions

as they consider expedient,

By: Order of the Board

and "the" net" proceeds of Hong sale shall be distributed

of Directors, LAU CHAN KWOK.........

Pulimen ****

Radio Corporation

republio bal Teynolds Tobacco nyi Dank of Camde Boya Dutta Fawry, Lontrac Bhail on C0; *

Managing Director. En Kong, 29th Aug, 1000, ac pers

Bank increases capital

The Chartered Bank's hood office in Ikidon has announced that the authorised capital of the bank was raised yesterd to $5,000,000 by capitalising $500,000 out of the Roseive Funds

anasuoreencut

per ibu

No. 1 spot i.. Belenens home term

General markow, cif bass, ports:

NOV

state creDR,

thum Det

thick Oct.

2012

-UPL

METALS

NEW YORK Closing prices, all in cents furor

Ladi. Det. stated that nubecquently the per 16.3 kg directing restored 2,000,000 to the Reserve Fund by £2,00- serring arimlar sum from He

cave for Contingebeles Account.

Copper Ost

COTTON

NEW YORK

Closing prices all in cents per lbi

b.

Spol

Dea.

Mar.

31.40

22.03

FOREIGN ENCHANGE

LONDON Closing rates:

New York

Montreal

NEW ORLEANS'

Closing prices all in conte per anruft

Amsterdam

Copening

Iton

29.75

31.34

Pat's

J

tockholm

Fast outboard runabout

LA 13 ft. runabout powered

by a Perkins 33 K.p. out-- board motor reached near- ly 30 m.p.h. ⠀⠀with

in

standard propeller recent trials by the firm's tere unit, ....

With this motor, the craft attained speed of 29.7, 28.3 and 26.9 mph. with one, two and four adults aboard. Slight fly higher, speeds were obtained "when" - two binde 10 in dies motor x 10 in. pitch propeller wad saędł.

-- Using the Parkins G. hp; cute. |board, the punabout achieved appede of 9.8), 7.2. and· 6. m.ph. Wib. de Iphp.. motor, odká abadidiary propellers

and 18. th.panija zaen (ruentad vita, two suế (four, adulte d the bout.