1961-11-23 — Page 2

China Mail 德臣西報 中國郵報 All

NOTICE

CHINA LIGHT & POWER CO., LTD.

NOTICE TO SHAREHOLDERS

NOTICE IS HEREBY GIVEN that the Thirly-ninth Ordinary Meeting of the Company's Shareholders will be held at 12 o'clock nuon on Saturday, 16th December, 1961, in the Company's Hong Kong Office, St. George's Building. 2nd floor, Chater Road. Hong Kong, for the purpose of:

1. Receiving the Statement of Accounts and Report of the Directors for the year osed 30th September, 1961

2. Electing Directors

4

Appointing Auditors and fixing their remuneration Conformit the Interim Dividend and declaring & Final Dividend

The Transfer Backs and Register of Shareholders will

be closed from 28th November, 1961, to 16th December, 1961. both days inclusive

Dividend Warrants will be available for collectid, d will be dealt with in accordance with standing instructionM, on or after 18th December 1961

Dated at Hong Kong the 23rd day of November, 1961.

By Order of the Board of Directors,

A. A. M. ONSŁOW, Serretary & Chief Arcountant.

NOTICE

CHINA LIGHT & POWER CO., LTD.

NOTICE TO SHAREHOLDERS

NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of the China Light & Power Co. Ltd. will be held in the Company's Hong Kong Office, Ht. George's Building, second floor, Chater Road, Hong Kong, on Saturday, 16th December. 1961 at 12.10 o'clock in the afternoon (or as soon thereafter as the Annual General Meeting due to be held at 12:00 o'clock noon on that date shall have been concluded for the purpose of proposing, and, if thought it. passing the following Resolution as a Special Resolution

THE CHINA MAIL, THURSDAY, NOVEMBER 28, 1961.

Selwyn Lloyd to whack the speculators

A TERRIBLE RUMOUR HAUNTS

WORLD SHARE MARKETS

DULL TONE Heavy trading

PERSISTS

Stock markets in London yesterday were generally dull. This reflected a number of adverse factors which included the Government's warning that the economic Situation remains serious, the fall in industrial pro- duction and unfavourable company news.

LONDON.

Anual selling was light

Sale

with buying interest on a very restricted

the smalles amount of selling was sufficient

lower Тен jobburs

prices

their

A feature was the fall of 4:9

to

then recent firm trend

NEW YORK

COTTON

MARKET

hits prices

The stock market closed slightly lower in heavy

trading yesterday.

"NEW YORK

Ini Buty Inul Nickel

32 Radio f 70% Huytheuns JA Intl Paper 2534 Hepel Se Jet T&T 56% Hevion Jones Laugh 487 Katser Al 31 Kars P & LIŠ

834 Kern Sah

THE CITY

Polities and ceunomics are closely linked. More is the pit, say many City men. This survey by Edward Westropp and Cass Robertson shows why

London. A terrible rumour goes round Throgmorton-

street, writes Edward Westropp.

In bars and offices it is whispered that not only will Mr Selwyn Lloyd tax all short-term speculators up to the hill on their capital gains, but make the act retrospective to last March, which the tax-year.

This would mean that the people who made a heap out of the record height of the market last May would suffer dreadfui-

was the end of

Without a doubt politicians are the men most distrusted by the City, writes Cass Robertson. Ever since Pitt brought in in- come tax 1799 and in

Caused While speculators moan at such a bear market that Con- the thought of the tortures to sols slumped to the then unpre- core, responsible City

G

Hexa!

552

Reyn Mei

Reyn Tul

374 13

Alice Mix

124

By Dut

3)7

59

365

274

is becoming extremely worried about the

The market opened little Kenaveett lower. sold off substantially King around noon.

recovered, KV Flack for Safeway but most of its losses by the close. Most losses ranged from ét few cents to around one dollar a share, but there were wider moves in both directions.

Standard and Poor's 500

TOBACCOS UP

to 20 3 in the share of English

the Electric b

warning lowrer dividend and profits

Ollier

electri equipment

New York, Nov. 22 shares were sympaticaily

futures Colton

see-sawed lower Engineering issues eased!

i: spasmodically and tobaccos los ground whinervously

Iailed

when dealings

Today maintain active

traders anticipated the Thanks- Tumorrow and giving holiday Örst of December notice day on Most leading issues caseri

Jail Friday Unlevers were a firm exception.

The De antimpetion of dealings start.

July contracts swayed New

Stock mer a range York etize

of more than Si Exchange early next nonik

lale, with the list closing net Tobaccos and a number 1 Agar Cross," however elost 15 higher to 14 pounds lower.selected issues rose against

lowes at 355- in response to Opening prices were unchanged Ireud. lower profis

6

6/- DROP

That the Arvoles of Association of the Company as amended to 27th November. 1948 and as subsequently wamearded on 3rd December, 1949 and on 16th December 1950, shall no longer apply to this Company, and that in he thereof the New Articles of Association dated 16th December, 1961, a copy of which New Articles has, for the purpose of identification, been signed by Mr. Lawrence Wagon nie. 11.D., Chev. Leg Hon., Chair, but rubbers held fairly steady - man of the Board of Directors of the Company, be approved and adopted as the Articles of Association of the Company"

Copies of the proposed New, Articles of Association are available to shareholders for inspection, during office hours at the Head Office of the Company. 147. Argyle Street, Kowloon, and also at the Company's Hong Kong Office, St. George's Building, 2nd floor, Chater Road. Hong Kong.

Dated at Hong Kong this 23rd day of November. 1961.

By Order of the Board of Directors,

A. A. M. ONSLOW, Secretary & Chief Accountant

Explanatory Note to Shareholders in connexion with the Extraordinary General Meeting to be held on Saturday, 18th December, 1961, following the Annual General

Meeting.

Ta stares again lost ground

Keuly

Closing prices

GOVT SEUS

2. Dramat

3. For 5-13/18

3

55/05

1947

60/76

79 11/10

05/75

71 7,0

4 Vi

3

31-13/16

O SEAS BONDS

53/8

De La RuR Spicers 36/ Wiggins

TOBACCON

BAT Correras

(in ps

MOTORS

BMC

50/3

61/10

/ky

Hawk Sidd 21/14

5. Australia

1077/00

Jaguar

R-H

TEXTILES

5" Dawes HG Bradford

5. Jau Ass 152,

K Bank 1.tri

Lloyds

'ar

Can Lid,

BREWERIES

it

up 6

New Orleans closed up 15 to off 15 points.

Estimundes

amou

CLE

the possible 1 December lenders varied widely. running between +400 and 200 contracts, The stock ectricated cotton, available for contrae! delivery today totalled 30 168 bales

However,

DI Thas amoun some 8,100 baies has been

SU

1979 aside for inspection as to waled 128/6 Gauge Reports nucated that

around 1,400 bales

aside culton may be

A debrer.dzic

तरा

I was another broad market with 1,320 issues appearing on the tape. Of these, 574 lined, 540 advanced and Closed unchanged. There were a new highs for the year and 14 new lows.

1k Bell

1. Tui Litton Ind

4.1

129

intentions

opinion cedented low level of £53, the

men at Westminster have been Chancellor's alleged watched with considerable sus-

gains

The feeling is that if a tax is imposed without allowing relief in respect of capital losses 11 will be entirely contrary to interests both of the genuine investors and British industry

1s there any substance these plaints? I think there is And on two scores.

Most stable

one

תו

for!

picion

Today the politician who has drawn most of the wrath of Throgmorton- strect 13 the Chancellor of the

Mr Selwyn Lloyd.

Exchequer.

Не is being roundly rou demned for checking industrial expansion by merely nibbling

at the Bank Rate Instead of

taking a healthy bite

The

But the City criticism is not The London market has

to restricted

Treasury long been

of the most There is also a fecting the stable in the world because of Government is messing about activities of bears. When prices recklessly get too high bears start selling and their action often prevents the development of A feverish and unhealthy boom.

When

Liggett My

173

Schenley

484

Seatt Pup

451

Sears H

86%

1531

Shell D

40

Lockheed

Sherulon

1

Lone Stor

24

Siegler

25+

Lur Hard

St

Sinclair

362

Lowenstein

14

Smith, KAF 72%

stock index lost a minor eight|| Mallory PR cenis at $71.70. The S&P 425 industrials were down 1714

55

Socony

47

May Ju

30

South PR 27

McDermot:

Boultern Co 8025

McDonnel

South Gav

45

cents at $75.40.

Air

35%

South Pre

2044

McGraw Hill 37%

South Buil

Merck

MGM

27 3

Sperry R

Square D

Minu

713,

Stan Brudk

HI

R5 C 33,

Standard OHI

Blisson Dev 22 Mesabi Tr

¡Callf

522

143%

Ind

51

Monsanto

206

(NJI

MontreaUni

347

Sterl Drug

85

Monte Ward 32

Stokeley

40%

Motorola

B

Stone Webs

723

Nat Bisk

89

Studebake 103

Nat Cush

133

Sunshine

Nat Dairy

76

Swdi Co

124 107%

the

N&t Dist

251

Tenn Gas 252

Nat Lear

441

Texa

534

91% Tuxes Instr 108

18 Textron

23

2014 This

401

Tidewater

537 20

29

Cent-Fux

14

32

41

Union Cart 1299

Union Oll

Union Pac

3031

Utd Air

1416

3939

Utd Fruit 24%

Pacific Gas

99% Uld Gas

401

Pacific

US Gypsum 1054

T & T

407

Us Rubber

363

Panem

20%

US Sinet

Paramount

65% US Steel

40 TTA

Park Davis

Pennant

35% US S0 7pd 195 44

Uni Match

Penny 3 C

Pej!-Cola SU Plizer, Chas Philco

58%

51

Walker. H

20% Uplohn Corp 53

Walworth

Warner Br

Philip M

Warner-Lan

Pillsbury

193

Waukesha

57 574

829 914

Pittsburgh

641

Proctor Gran: 961

Werther Air 3 Westgha

33

8 Winn-Dixie

Woolworth

2534

33%

55

-UP)

their view

The tubaccus had gains. ranging from 1 to 4 dollars

Most of the aircrafts, airlines, electronics and drugs declined.

autos. Steels.

utilities and chemicals were mixed

The Associated Press 60 stock average fell 60 to 267.20.

The Dow Jones 30 industrials

1.10 1 730.42 Volume

totalled 4,500,000 shares compared with 4.890.000 shares traded on Tuesday

rose

Dow Jones closing stock averages:

the X-

3. Indus

terested

1..ct

Raw colto: CXjorly Nov. 18 fotalie 1,538,930 Isties 1276,900 sales equal to 14 sane tammas let season, accord

Yuk

37/0

12 3

BANKS &

INSURANTE

411

Courtaulus

Harv!

$7/0

Chart He

Fine Spu Dates Cuti

28-71,

43/4'

Guardrai

$175

17

61.30

Distil

68.8

Guinness

M

13/6

Itd Coupe

1979

Nat & Grind 33/9 Prest "A

13/-

Tag to the New Pixelsabge

STORËS

By BA Ryl Is.

13

411/41

Gussi

Pet

Shell Tix

Tat k 32:

112

Und Dres

47

11

W worl

24/7

MIS LANKS US

Lombard

14 Trute.

The stock of pies of the Memorandum and Articles of Association of the Company being low, it is necessary to make

further reprint.

tra: At the same time your Board is of the pinion that it is desiraide to bring the Articles in line with Tuble A of the United Kingoan Companies Act of 1918, having regard to the ten sal conditions of the Campars and the Coloty.

While the changes at the pi gosed Articles may appear to be many, bust ally there are very fewe The main aRea tions in the propose if new Articles are.

1

Increased fee for new share certificates issued. frem $1.00 to $2.00.

2. Share certificates and cheques will require the signa

ture of one director instead of two Directors, and they will be countersigned by the Secretary or by some other person appointed by the Directors in his stead.

3. Directors' fees will be increused so that each Dirretor

will receive $3,000 per annum and the Chairman an additionni $2,300 per annum over and above that for each Director, in place of the lumpsum of $38,000 allowed under the present Articles,

4. Provision for appointment of alternate Directora.

6. Right to charge $2.00 for registration of vertain docu- ments relating to the Company's shares, such as Grants of Probate, Letters of Administration, Powers of Attorney, ete.

6. Provision permitting a shareholder's proxy, though not a member, to vale af meetings and for a proxy to demand or join in demanding a poll.

Dated at Hong Kong this 23rd day of November, 1961.

By Order of the Board of Directors.

AMERICAN

STOCKS & COMMONITIES

WHEN

SELL

TECHNICAL

WHEN BUY

ANALYSIS

On Stock Trends

--Haewarch-Deyk

PERENNIAL

TRADING CORP. sis-dis Mamburgh Houss

A. A. M. ONSLOW,

Secretary & Chief Accountant.

PRESS PHOTOGRAPHS

Copies of photographs

taken by the South Chine Morning Post, South Chino

Sunday Post-Herald, and

Ching Mail Stoff Photo-

graphers ore view in the Morning Post Building,

on

ORDERS BOOKED

STEELS ENGINEERING Han Wa

19 Long

Watnicy

༼;La685ha

House Pr

Ja on A

M Sten A

Bowmaker 4 Beam:

110 PR

2475 300 .-]

Ava Tunar

Furel

( Kren Wom Stew EN HU Sonu

Nunes.

UK Cas 3976

24/10 Reco

$3.27

25

20 Rapis 151124

63 Sloex

730 42 up 1 10 148.19 of 43 134 97 pla 248.98 up 0.14 AP & UP!

Closing prices

Act inds Air Hest

+4

03

Coller

Aldens Inc

7

All then

53'

AB MIL

931.

Allis Cha

اور اے وائے

Comb Engan 291

Cuman Credit $31,

Comm Edison 40-.

Cons Edison 804 Cont Ca

15

Corn Ginas imply Crane Co

NEW YORK

SUGAR

MARKET

New York, Nov. 22.

Am Bruke

All yangel: 9012

Din Alk

A Smell

Am Suga

AT&T

Aw 5 Angkex

82+

انه

Brigorsone 132,

*merson E 225

Alum Ltd 2

Ath

Crown Zeli

Am

SBF

Cub Air

An Aunes 2644

41

Sugur

10

Dagen Corgi

13

An Fore

Plum Corp 50

Pow

NAY

Dullilers 447

Am Mark

Douglah All

38

Fox

37

Dow Chera

All Metal

47

Dressel

ST

247

Air Nat

Fias

FUN A

Patil.

3P%

B Paso

J09 24

14

Mirchild

134/2

Fam Fis

2732

Efter

ELLUTKK As Eks

SONG

band See

34

} & "

MINAN

Brit Ins

Angle US

1/8

1394

Ward No $ sugar Futures lu- vend Eve to il ports

POW wah sales of two

ALICH

T2

211 Are

Ferro Cory

927

31%

Fitted

Aumour

-

Fald-Jina

Firestone

14

For

1109%

Belt Ovin

25

Gen Dynam 2%

Bath Tru

Gen Elev

784%

Big Mar

26

CM

Z

Bra Sa ALMA Brut Tr

Beechnut

HO

Gen Fo.ds

102

631%

Gen Intr

56

Gen Mot

54

Redfusion : 1. INDUSTRIALS

De Beer 141713

15

Ges Puth 1

3024

T

407. Gen T&E

25%

M: I

31

Gen Tere

87

Petalin

15/11

Rand Sel

Beneste

472

Bd Ab

w to

70 Gudden

Gelly O.

22

Goodrich

with salt, et

AR

4 contracts.

451 7534 46

20

Roar Au

45

Union (

57,7

Finales. in

the world 4

Wethu West Rand West Finis

13

Phalar $31 Com Zine 4829

Aay Dean Sym

Howestorer:

Borus

Decra

Turn New 56;100

Dunlop

G

Int Comp

Unilever

CHEMICALS

Bouts JCI

328

رات

\... l

closed A tal de 14 jours huner woln

trucks

No. 7 rug closed

our points lower

Ba* pofliged to reflect news ad Cuba's withdrawal as a seller

the world market, and firm ness in the raw situation.

Evening-up before the holiday 17/6 | tomorrow also provided a trad

ing feature in both

the world Beutt and domestle contracts.--UPI.

2779 > Mai 00/0 RUBBER ⭑ke Monsanto 17/0 TEAS CINEMAS TV Angly indes 43 Assor Pix

Ceylon Tex 15/6 30/1 Tax Fer

7 K Keper

L.:nbak 45/0

Stack Stall PAPER

Bowater

25/91

2/9 46/3

Yesterday's Closing

| Hendix

Ben Fa Benguer

Beth Steel

אוי21w Et

Boelux Air Borden

Bortan Burroughs Cab Puck

Cam Soup

Can Brew CPR

Carrier Comp Caterpiliet

Celanese Ceneo Insti

כז:

Goodyear 26

$16.

Net Steel NY Cen Nort Werl Netth

Am A

Northwest Olla Ga

Chern

Olin Math

Otis Ele

Oxford F

Piney Bd West Un

Publicker

Pubman

Pure Oll

Radar

HK

63

too

prices get

jow, bears buy back their shares and stop the "rol. But bears are speculators and the

suggested tax would knock the whole Kat on the head.

with Industry in by clamping

other ways than down on credit.

Feeling sore

One of the companies that is Sore now feeling particularly about this is Hawker Siddeley They are

aircraft upart that offers

the from

Government That goes for stags too. Many have dropped off recently. They a big industrial share issue claim that the support

they would be a flop but for

Government their counted on when operations which

intended te purely to make a quick profit.

Industry No thinking persun in

materialised. City

objects to the principle The City interpreted this that share gumblers should

be meaning that the outlook fur taxed on their gains. But far-Hawker's has worsened The reaching measures often have result is that shares fell by 3- unexpected and undesirable re- Nu 15.

are

The

Before the new capital gains bill is approved Mr Lloyd should urgently seek ou! the leaders of Bounce and obtain

MARKET

LIVELIER

The Hongkong Stock Exchange came to life today with a turnover of $3.57 million in the morning session.

The market opened firm, then large odd lot which may have an easier trend developed after been responsible for the decline. the first sales were pisted. Later, shares picked up again, in many cases completely wip- ing out earlier losses.

At the end of the morning session most were showing small but useful rises over yesterday's closing rates.

For example, Wheelocks were up 20 cents, HK Docks by 82,

GL North By 4 Talkoo up $2. Providen: up 50 cents, Land up $1. Trams up a quarter, KM Bus uo $1. Lights

129

242

9

$43 Gulf Ou

Hanz

Grunan

36

40%

Hommwand

35

7215

383 tion Htis

Heyden New 19

241%

36% Homestake

197 3814

64% Hussenan

2433

Idho P

8844 Interson R 103 Inland S11 4071

53 Interchem

Cit Finan Clue Pe Coca Cola

Colgate Colum Carb Colum Pix

30 IBM

6794 CITP

COMMODITY PRICES

SUGAR

New York. Nov. 22.

futures No. 7 Sales T con-

Domestic suçar closed to lower. tracts.

Clove: Mar. 6.20. May 6.28-29, World sugar futures Ne. a closed 7 to 10 higher. Soks 39 contracts.

Clone: May 2.65b: Jul. 2.63b; Sep 2.70nom

Haw Bugar spot 6.31.-AP.

London Nov. 22 Dec. 22.40-22.50; March 12.00-22.75 May 24.00-22.05: Aug. 23.00-23.00; Orl. 23.10-23.20

Dec.

23.10-20.00

-AT.

RUBBER

NEW YORK

Rubber futures closing prices, all-la-cents per 1b:-

HEX Nov, 1.30, Jan, 27.00,

Blandand Jay, 27.44; Mar. 97,45; May 27.35; July 27.30; Sept. 27.30; NOV. 17.30.

--UPL

COTTON

NEW YORK Closing prices all in cents per

Ib.:

Spot 36.00 nom; Dec. 34:20: Mar, 35.04: May 35.38; Juiv 34.70; Oct. 33.85: Der. 34.09 Mor 33.95 May 34.00.

NEW ORLEANS

Closing prices all in cents per Jb.:

Spot 33,45; Dec. 3.30; Mar. 32141 May 3.48: July 34.00: Oct. 13,70; Dec. 33.80; Mar. 24.00; May 34.00. -UP1.

METALS

NEW YORK

LONDON

552

Closing prices, all 1 sterling per Jong ton.

Tin spot -WOVIGU, DE1 1s: 3-month DET DER

Copper

spat 2284b, 3-month 223446, 228148.

228:

Lead aputob, 004; 3-month-lb. 01428. TUB, 10136.—UFI,

Line spot-6994), 08%;

3-month

FOREIGN EXCHANGE

NEW YORK

Cloping rates: Canada, 3014: Eng Land official 28103. Others unchanged. LONDON

Closing citew: New York, 151}1⁄2- 3.019: Montreal Arnalerdam 40.1536-10.1456). Brukseli 140.10-149.201

Copenhagena

and Electrics up a quarter, Gas up 20 cents, Cement up $1. which is a pretty sight after the subdued tone of recent days.

LOSERS TOO

There were some losers too. Hongkong Banks on a few sales slipped down from 5352 to 5350 following further decline in in London, Wharf dropped down 36 during the morning from $354 to $348, and Watson, a re- cent gainer, slipped during the merning to $56.

recorded

Sale

was

This las: for а

Exchange rates

Business

was

duse in the local unofficial exchange market this morning at the following rates: U.S. daliers (per $) Sterling notes (per £1) Australian noter (ETY Japanese yen (per 100) Cambogia riel (per 1001

ADMIT

aircraft rationalisation of the

10 24/..

has

not

25

This, of course, is not the first time that shareholders have lost. Government money because a order has been withdrawn,

Consider the sad case of the

ester

Gloucester Railway Carriage and Wagon Company, once one of Britain's proudest companies. three years ago the chair- General Sir William Mor- gan was reporting record Shares then leaped to 207-

man

proftis.

At that time the Chairman mentioned that the company's ability to compete in overseas markets was based on obtaining a fair share of orders for rolling slock from the Brilish Transpori Commission

London und the Transport Executive.

Prophetic

As it turned out these were prophetic words. A year later BTC suddenly announced that But the buoyant note which

would in future use its own became noticeable during the workshops to make and repair morning was the most hearten- its equipment and components, ing feature of the day and if it

Orders to private firms fell continues this afternoon,

the

Gloucester rapidly. market should show a healthy Wagon's profits plunged. From turnover on the day

height of £534,000 in.1968 Attention is again drawn to they slumped to a loss last yea the London share list where of 383,000. fandel Trust have made an-

away

Now the company has bren stop production of rolling stock altogether.

other sharp rise from 58/3 on forced to Tuesday to 61/9 yesterday.

HONGKONG

This morning's quotations and prices were: Bank

Although the shares have re- covered slightly during the last few days on a bid by au en- gineering group, investors have Been the value of their Holdings halved in the last three youİBA

It

of course highly unlikely that such a fate could overtake the shareholders of Hawker 20038% Siddeley. The group is far too a widely diversifted for that.

b350 5350 Elec 3, 530 70 352

470 350

500 352

Lon. Reg Lamburd HKFE Wharf

40 A 350

6202

641

$29.90 £354

50 $48

Wick 12-4051216

Dock

3000 & 12.30

2003 12.40 1000 ## 1211⁄2 1000 61245

6123 125

200123

400 @ 123

Talkoo ba9 270

Prov

7003

4000 63%

500 28

Phones b48 34

+

Goe

ROD 60 29:11 Ewo

TO

1973 #73

115 Cem

2800 ( 72 200 GA 72

22500 26 7215

1000 43

2000 431

2000 42

500

429

1025 42

1500 43

200 13

TODO 1 43%

(N) 14

100 6 ng

42

E21.46

A lesson

But the fact remains that Hewicer

depends Siddeley heavily on Government contracts for its well-being. If these con-

bound to suffer.

profts are

Is there a lesson in this for investors? Yes there is and it

bel is an

100

important one. It is

7300 > 20 that you should always jook 2000 @ 21.10 extra carefully at any company that relies Jargely on the good

orders

7000 4.10

b34

200

300 ch.34

24.10

1000 GC 24

bic

Will

of politicians for

the

For

whims of West- minster can have a disastrous on the value of your shareholding-London Express

30 230 effect

300 63

1000 N 6815

2000 200

1000061

2100 * 124

50030 830

Gl

5.85$ i

500 g 29.80 1000

15.78

H, HU

and

1.49

1000

0.80

1.13

1.60

100 € T2

4.20

4.00

300 2 39

8.91

0.43

P&P 129.00 19036

126

1500 30

20.00

Realty b316 12.175-

546

13000175-

10000 40 2,77A

200 2017

0.900 7.06

Watson 656 950

Tram 69144RDAL:

1.28

Taxt. 16.90 $0.1 1000 ay yang #124 2000 20・A" Tub. 14.80.

Bue

City Hotel

Trat be

B5 £30

French new Zrane (per 1) Brazile cheiro. (për 400) Argentine pena (per 100) Harman wan (per 1000) 3tallan lira (per, 2000) Chibere JMP (per 1) Taiwan yuan (per 100) Thai baht (per 1007... Burmese Kyat (per 10) Pakistan rupes (per 10) Marie patack (per 1)... Norwegian krone (per 10) Philippine peso (per 1) Shoppe Straits per 1) Swim fage, (er) Netherlands guilder (per 1) 1.02 Weit, German D-Mark (per 1

1.40 Cuba paso (per 2) ......... 0.80

****

UNIT TRUSTS

Buyer Prices, First Hong- 19.30 Long Fund, $1.10 Second "TIVEIL BA Lisbon 2016-2021 Odo 3003-3042! | Hongkong Fund, Ex. Div. 50.80. 18.01-13811: Stockholm Sellor Prices, First Hong-

Closing prices ali in cenka par | Pař

16: Leau Dec, 0.34 3 DBU 2011; Ruckols

MILAN 1747-W: kong Fund $1.21 Second Hong-

Bc. 10.42, Jan. 1047," Copper Dan. 10.01; JAM. ..

· 19.1914 ---UPL.

kong Fund Ex. Div. $0.90.

400 @ 15 Dafty 135 1303)

11:00 12

300 3034

700 301

411 53

bili, wlis Star bald 1820

Crawl 3714 abe

Y'N

Light

30009

A

Σταν

500 à 80%

Int. Invest.

-

119,70-413:30

2000 69 7734" Amoy kip

300

40

1200

Sinar bilde 10.00

Cont. 617.89

2011 1. Consol badu

service.

LONDON

METAL

MARKET

London, Nov. 22: Ein was: Very steady: This afternoon with spot 1 : points "higher"""""""to" £901 and Caree months 174 to 2008. Turnover wa 180 tóne.

Stedy conditione ed

wergkeen Copper market today with trading moderately active. | Gains were fractional, eikej

Lead and kind were” “Very

i steady but quiet today, drik

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