1939-01-11 — Page 11

HONGKONG DAILY PRESS

Finance and Commerce

>

Some Effects Of The

Anglo-American Pact

BRITONS

LEAD A

On Textile Industry GOLD RUSH

It was very heartening that the first figures regarding employ. ment in the industries of Britain to be published after the signing of the Anglo-American part should have shown an improvement in the number of persons at work in the textile industries, writes a Landon Correspondent. It was all the more pleasing to hear that this improvement In the number of textile workers employed in and November should have been noticeable in both, the cotion woollen ends of the industry, and it is hoped that when the effect of the Pact begins to be apparent the number of workers will be atill further increased.

British-made woollen pleer goeds

JUTE FABRICS

have for long been held in high, The trade in the past has been favour in the United States, and substantial, showing that, in spite the concessions granted in this de- or all the difficulties, there have

should partment

of preve

the been many people who would in" greatest value in encouraging the sist upon having Irish linen, know sale of the heavier grades of closh. ing what great service it would Including the characteristic tweeds. render them.

Hosiery, too, including t types knitwear, should benet very materially from the reductions and lead to a much-needed Alp in this trade, which is able to offer really remarkable values in all its lines.

COTTON CONCESSIONS The cotton, concessions.

Britain leads easily in the search for gold and diamonds in the Tanganyiks Territories, and this may lead to big dis- coveries, announces the bulletin of the Imperial Institute. The bulletin states that in 1937 there were 39 mining and prospect- ing companies, and 12 had their registered offices in Tanganyika.

GENERAL

BANKERS MEET

AT BASLE

BASLE, Jan. 10 (Reuter)— The heads of various central banks, including Mr. Montague Norman and Dr. Schacht, held a formal meeting yester- day.

Although only the internal affairs of the Bank of Interna- tional Settlements were consider- ed, it is understood that inter- national Anancial action to assist | the emigration of German Jews was considered privately.

יד

The Bank's administrative coun-

il met later and reviewed the Bank of England's recent measures! ta check speculation against sterling.

St was

.0

discussion During the In addition, 884 prospecting

been had Hghts were serred to individuals stated that there

repatriation of Nationalities of the holders includ-ransiderable ed 526 British. 138 German, 85 French capital and it was agreed that the French Bnariclal and Greek 15 Italian, and 15 French

During the

worth monetary situation was year gold £528.338 and diamonds Worth try £5.071 were produced.

Within the past three months

the Tanganyika Government have invited companies to prospect for

coal.

CEYLON POWER

PROJECT

satisfac-

HONGKONG BANK

DIVIDEND

The Hongkong and Shanghai Banking Corporation Announces the payment of a final, dividend for 1938 of £3 a share, subject to audit.

It is proposed to write off on

and carry forward to 1938 Account hits a sum of $3,400.800,

Dundee has been watching the progress of the negotiations with considerable anxiety, and the re ductions on Jute fabrics are suel that users of these materials for padding or interlining should ind That is accompanied, ton, by a it to their advantage to buy from line taste and variety in the de- Britain more freely than they have

Mr. G.B. Gifford Hull, who sigus that are being effered, and been able to do in the past. the improvement in the actions of Going back to the question.oty was responsible for the construc-Bank. Premises a sum of $1,000,000 þ. the knitting machines has enabled cotton goods. it is likely that the tien of the Shing Mun Dam. re sume most interesting and attrac-reduction on lace window curtains.ently arrived in Ceylon in tive patterns to be worked out in smalt though it may be, will have capacity of Director and Cch- the material.

a favourable effect on the trade sulting Engineer ta Marsman between Nottingham and the U.S. | Hongkong China, Ltd. In This is all to the good, and it to prepare a térider tor kives rise to one thing which all hydro-electric scheme. buyers should keep very much in This undertaking "consists of a

large mind.

damı, double power pipe It is to make themselves familiar c. power-house and machinery. shipped about $5.000,000 worth of with the trade marks and brand and transmission

to Co-silver names of the goods from the re- lombo, a distance of 52 milles. putable mills and warehouses of

The whole work is expected to the Home Country. Those names

run over £1,000,000 and will take have been thought out very care-

about four years to complete. fully: many of them contain a hint of the name of the makers of the nature of the product, and in that way they are easy to recall.

MIXED YARNS

besides

being substantial. cover a wide variety of goods, including belting. which is in good demand because of Its durability as well as its high efficiency from the petnt of view of power transmission.

In the British Industries Fair. each year has seen a wonderful ar- ray of cottorf-cloths with a special appeal to overseas buyers because of the Oneness of the textur and the brightness and permanency of the colouring, whether the 'dveins has been done In the yam př plece or the designs printed on.

Linen is another of the famous British textiles that are receiving concessions under the pacts, and it should therefore be in a position to make still further progress in U.S. markets, where the merits of the material are well recognised; and It will be still more eagerly bought

when the price is reduced.

The great point of their use that in these days of mixed yarns. when it is not easy to identify cloths as belonging to any particu- lar category, the use of a definite designation obviates any possibility of error.

Besides which there is the fact that the extensive advertising and publicity carried out by the makers

linės

order large

"CHINESE SILVER

SHIPMENTS

The Chinese Government has

from

recently Hongkong and more silver holdings are now being sent to Hongkong from Hal- phong, says the "Sinwanpao."

of these Nearly three-fourths shipments are destined for New York and the remaining, one-

have caused these names to be re-fourth for London, cognised throughout the trade. from the mill to the retall custom- ser...

It simplifies the making out of Indents by curtalling the amount of writing that is necessary, and that is always welcome because often the attempts of clerks to abe breviate names or descriptiens lead to misunderstandings. some of which may be quite serious in their results."

It is also reported that the Chi- rese Government silver reserver

in the United States still total more than $2,200,000,000.

An all engined shunting locomo. tive for work in Industrial sidings has been introduced by the As- sociated Equipment Co.. The 4- cylinder engine develops 78 b.h.p at 1700 rp.m.

WEDNESDAY, JANUARY 11, 1939.—PAGE 11

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If there is anything you want to buy or sell, try small classified advertisement

25 words 81.00 Prepaid for 8 insertions.

LAMMERTS' AUCTIONS

|PUBLIC AUCTION.

THE Undersigned have received

instructions

to sell by

PUBLIC AUCTION

FRIDAY, the 13th JANUARY, 1939.

Commencing at 2.30 p.m.

At their Sales Room, No. 2. Connaught Road, Central, Ground Floor.

A QUANTITY OF VALUABLE

HOUSEHOLD FURNITURE<

Comprising:----

Iron. Cot. Teakwood Bedstead, Chesterfield Suites, Box Couch, Wardrobes, Dressing Tables, Bide- board, Dining Tables, Chairs, Desks. Typewriter" Tables, Book-

Cabinets, cases, Glass

Filing Cabinets, Camphorwood Trunks, Wardrobe Trunks, Carpets, Rugs, Gramophones and Records, Electric Lamps. Pictures, Porcelain, Brass Glass and E. P. Ware, Mosquito Nets. Curtains, Cushions. Cooking Stove, etc.. etc.

also

A FINE SELECTION. OF BLACK- WOOD FURNITURE

Comprising:--

Joss Table, Desks, Curio Cabinet and Stands. Teapoys, Oplum Stools, Standard Lamp, Flower Stand. Folding Card Table, Armchairs, etc.. etc.

and

One Radio Set

Two Typewriters

On VIEW from THURSDAY, the 12th JANUARY, 1939,

Terms: Cash on Delivery.

LAMMERT BROS..

AUCTIONEERS.

AN

DIRECTORY

&

CHRONICLE

OF

CHINA, JAPAN, MALAYA, THE PHILIPPINES,

INDO CHINA, NETHERLANDS INDIES,

Published since 1862. Revised annually.

ETC.

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