1939-01-14 — Page 11

*

HONG KONG DAILY PRESS

Finance and Commerce

N.S.C. BANK AFFAIRS

Creditors And Shareholders

To Meet

POWER COMPANY HONGKONG STOCK

A

MERGER IN NORTH CHINA

The Tientsia Power Company and the East Hope! Power Company will soon be merged into a North Chan Power Company to supply electricity to the Peiping and "Tientsin area, according to a Chinese report.

EXCHANGE

GENERAL

CIGARETTE. TRADE MARK FORGED

the

not

CHUNGKING. Jani. 12 (Cen- tral-The police force of International Settlement of Shang- hal, are closely following the de- Jan. 13. velopment of a case of forgery Business has

mark which been of a dis of cigarette trade- appolating nature during the week may involve the bogus authorl- and the volume has fallen away...ties in Shanghal, according to a The market opened" steady and report from "Shanghal.

Several days ago. a secret elga- has remained so throughout, but the turnover has been small. The rette manufacturing plant,

under the Shanghai week's political news has had a licensed

dis- disturbing effect, dampening Municipal "authorities, "was Buyers' interest; on the other hand covered and raided by the police holders have shown no undue a neglected alleyway on Wating Saturday. un

Capitalised at ¥4,000.000, the desire to liquidate, and the pos- Road. One hundred thousand ciga- January 21. for the purpose of Tientsin Power Company was or-abilities are that any sustained rettes, all of which bear the forged considering and. I thought ,ganised by the Hsing Chung enquiry would find the market trade mark of the Yee Tsoong approving, with or without modi-Kungu and the former Tientsin bare of scrip. The Directors of

Tobacco Corporation, were, seized. Scheme of Arrange-City Government to supply power the H.K. Bank have declared a

the fication, à

Subsequent to

raid, be made be

and ment proposed to

nine male

two femala to the Japanese Concession and Anal dividend of £3 a/c 1938, tween the editörs, "A" and "B" the Chinese areas of Tientsin.

sales-agents of the cigarettes which together with the Interim share:

mark Preference and Ordinary holders and the Bank respective- ly

the

Creditors and shareholders of National Commercial and Savings Bank. Ltd., wel hold meetings at the registered office of the Bank here

Creditors In the

Case will be those affected by the Scheme of Arrangement sanctioned by Supreme Court on January 1936

the

11

The first of the meetings due to begin at 10.30 a.m. An that day, and full particulars as to the proposed Scheme of AF rangement, proxy forms for voting and other details may be obtain- ed from Messrs. Lo and Lo, the Bank's solicitors.

CHEMICAL TRADE

IN U.S. GROWS

11

BUSINESS DONE DURING THE WEEK

were apprehended at Hankow Road. They were taken to the police station and ques- tioned.

with the forged trade The East Hopel Power Company of £2 10s. Od. makes a total dis- bas a capital of 3,000,000 sub-tribution of £5 10s. Od. for the scribed by the Hsing Chungjyear. Kungssu and the former East Hopel Autonomous Government, The scope of the company's busi- |ness activities extends to 22 haten of East Hope. It controls the power stations of Tunghalen. | Changli. Tangshan, "Lutang and

Shanhalkwari.

N.Y. COTTON STATISTICS

According to statistics com- piled by the New York Cotton Exchange for the week ended January 6. supplies of cotton brought into sight for the sea-

totalled 189.800 NOT

bales. showing a decrease of 3.000 bales from last week and a de- crease of 3221.000 bales from the corresponding, week of last year.

"WASHINGTON (Reuter)-In the past 20 years the, syn- thetic organit chemical indus- try, from a relatively small beginning. has become one of the leading branches of the American chemical industry. according to the Department. of Commerce chemical division.

United States Synthetic chemicals and a host nails reached 3.291,000 bales. show- of other coal-tar and non coal-taring increases of 11,000 bales from products now form the basis of last week and 172.000 cales over) many of the country's largest in-fast year."

2

Forwardings

to

dustries.

Exports from United States ports Dye production the United States has increased tremendously since August 1. totalled 2.040.000 in recent years, reaching the all- bales, an increase or 53.000 bales time record of 122,203,000 pounds over last week, but a decrease of 1.400.000 bales from the corres- in 1937, compared with only 8,820, 000 pounds in 1914. during which ponding week of last year. These time the seven American produc-xports Included 483.000 bales to Ing plants almost entirely depend-Japan: 16,900 Wales to China. Pro- ed on Germany for intermediate per: 900 bales to "Manchukuo" and Dalcen 9.100 bales to French Indo- products,

China: 276.000 bales to Great The production of other finished coal-tar and non-con-tar products Britain: and. 289.000 bales to Ger- has also shown enormous gains in many.

recent years. In 1937 the output United States stocks in ports of finished and semi-finished syn-¦and interior-towns) reached 0,367, thelle organic chemicals totalled 000 bales. 82,000 bales under last 3.471.000.000 pounds: or coal-week, but 534,000 bales above last

tar

Intermediates 047,000,000 year. pounds and of synthetle non-coal- tar products 2,524.000.000 pounds.

NATIVE BANKS

The world's visible supply as on January 6. was listed at 9,849,000 bales, decrease of 68,000 from last week but an 'increase of 564. 000 bales from the corresponding IN GOOD SHAPE

period last year. American contri- IN SHANGHAI butions amounted to 7,630.000 bales, All local Chinese and foreign American cotton forwarded banks reopened for business after mills of the world since Aug. 1 the New Year holidays

and

to

all (excluding linters) was listed 5,180, ble commercial houses followed 000 bales on January 6, an in the lead, says the "North China crease Dally News."

of 113,000 bales over

last week

but 454.000 bales

No bank closures were report- under last year.

ed and it was stated by Chinese

banking circles that most Chinese

Banks in the city had realized The condition of the Italian prollt during the past year. Princess Mafalda of Hesse, who is despite the unsettled situation suffering from pleurisy. is slightly Encouraged by this fact, a improved, according to cable ad- group of them have decided to vice.

give credits to manufacturers

and merchants. These Chinese

commercial banks will, organize

Hongkong Bank, $1435. $1420, "81412 1415. 81440. 1450 8143b. 31420, $1400. Canton Insurañce, #210. Union Insurance, 8475,

$175.

Hongkong Fires, $178.

Wharves, 8115.

Docks (Old), $184.

Providents (Old), 36.40, #6:35. Pro

New $6.15.

05. T.

8472.

4.837, 5381.937), 837.

es, 25.65.

An important development of the case happened yesterday when 1,000, 000 cigarettes, believed to have been manufactured at the secret plant ralded by the police, were dis- covered in the premises of the Consolidated Tax bureau of the bogus regime in Shanghal. De talls of the discovery are being withheld.

The police authorities are con- tinuing the investigation of the case and expect "further revela- tions.

Tramways, $71.60. #71.70, 817.50 URUGUAYAN WOOL

$17.50

..

China Lights (Cum rights); $9.60, China Lights (Ex Rights), $8.90. China Lights (Rights), $3.60.

JJ

$3.50 $3.55, 3:50. Electrics. $58. 3573/58. Macao Electries, 8174, 817. Telephones (Old), $23), $231.

8231/23.70.

Cements. 9163, 816.80, 2182. Dairy Farms, $24).

Watsons. 28.05. Entertainments. *1.05.-

Govt. 3 per cent, Loan, 1 per

cent. pm.

Ewo Cottons (Rights), HK, $1.18.

CLOSING QUOTATIONS

3.30 P.M.

Buyers

Douglases, $64.

Macao Electrics. $174. Sandakan Lights, 10. H.K. Ropes, $4.

Entertainments, $7.

EK. Govt. 4 per cent. Loan, 8

per cent. pm.

Ewo (Rights), 1.10. (H. K curr.).

Sellers

Hongkong Bank, $1410.

China Underwriters, 70 cta. H.K. Docks (Old), $183) Providents (Old), $51.

H. & S. Hotels. $7. H.K. Lands, $371. H.K. Realtles, $5.65. H.K. Tramways, $17.60. Peak Trams (New), $4.

China Lights (cum rights), 89.50. China Lights" (Rights), $3.60,

H.K. Electrics, --8572.

Cements, $18.90.

Dairy Farms, $24.80.

Watsons, 38.15.

Constructions, 214. Marsmans, (HK), 3/-, China Lights, (Ex Rts), $8.85,

Sales Hongkong Bank, $1400. Union Insurance, $475. HK Lands, $37.

H.K. Tramways, $17.50 China Lights (Rts.), $3.50, H.K. Electrics, $57/58. Telephones (Old), 8231/23.70.

a consortium for this purpose WEEKLY RETURNS AND REPORTS

with $5,000,000 or $10,000,000

their capital. ..

CZECH FINANCIERS

·

IN LONDON

£9

LONDON, Jan. 13 (B.W.S.).—Dr. Pospisil head of the Czech finan cial delegation in London, called on Sir Frederick Leith-Ross, Chief Economic Adviser to the Govern ment, at the Treasury yesterday and had an informal conversation preliminary to resumption of for. mal talks on financial matters con- cerning Czechoslovakia." No, for- mal meetings with the delegation have yet taken place.

JAPANESE REDUCE YANGTZE FARES

Japanese shipping firms operat- ing regular shipping services in the Yangtze, says a Shanghai re- port, have reduced passenger and freight rates to half the amount charged by other, foreign shipping Arma.

Following this reduction, the re- port states, all the other foreign shipping firms have been compelled to do likewise, Freight and pas- senger services are being conduct- ed by the foreign shipping firms, other than Japanese, to as far as the Kiangying Boom,

Public Deposits. Other Deposits:-

Bankers Other Accounts Total

Figures for the complete wool season ended September 30, 1938, show that 52,356 metric tons en- tered the Montevideo, Uruguay market, an increase of 2.5 per cent, over the preceding season's entries of 51,093 tons. ไป

declined 24 Exports. however, per cent. 91,431 bales being ship- ped to all countries this season, against 120.054 bales during the 1936-37 season.

ENIKS

MABEL

A Guarenesse Cue

For Hong Kong Foot,

SATURDAY, JANUARY 14, 1939.—PAGE 11

GREEN ISLAND CEMENT CO., LTD.

Sole Selling Agents in Hong Kong · and South China for

THE ASSOCIATED PORTLAND

CEMENT

MANUFACTURERS' PRODUCTS,

'COLORCRETE," "SNOWCRETE,'

"STIPPLECRETE".

&

IMPERMO" Waterproofing Compound.

HEAD OFFICE TELEPHONE 21463.

EXCHANGE BLDG.

HONG KONG.

WINTER CLOTHES

Women's, Men's & Children's

WANTED URGENTLY

HONGKONG BENEVOLENT SOCIETY

Monday & Thursday

ICE HOUSE STREET

וי

10 to 12 Noon.

THORNYCROFT

LAMMERTS' AUCTIONS

PUBLIC AUCTION.

THE

HE Undersigned have received

instructions

to sell by

PUBLIC AUCTION

On

SATURDAY, the 14th JANUARY,

1939.

Commencing at 11 am.

At Wing Yuen Godown. No. 132.

Connaught Road West

For Account of the Concerned

1100 Sacks "FIVE SPARROWS "

Brand Flour

4

More or Less Damaged by

·Sca-Water

TERMS; Cash on Delivery.

LAMMERT BROS..

AUCTIONEERS.

"People Who Matter”

PEOPLE WHO

MATTER, to the advertiser are the people who can afford to buy his Most of gooda.

the people hay and repel the

Hong Kong Daily Press.

Here's a REAL

a REAL boon to boatowners!

BANK OF ENGLAND

London, January 12.

Jan. 5

(00's

£20,500

Jan. 12 omitted)"...

£19,210

135,960

118,140

37.240-

36,650

173.200

154,700

Government Securities Other Securities:-

71,380

96.170

Discounts and Advances

48,910

22,120

Securities

22,380

22,320

Two cylinders

17.290

44.440

Notes and Coins

69,030

51,420

Total. Bullion

321,100

127.070

489,070

475,610

Ratio of Reserve to Liabilities

34.63%

29.55%

Engine speed 1,100 r.p.m.

£400,000,000

-Reuter.

Total

Notes in circulation.

The Fiduciary issue has been increased to

FEDERAL RESERVE SYSTEM

Bills Bought

U.a. Securities held

Federal Reserve Ratio Federal Reserve Credit Outstanding Monetary Gold Stock ... Industrial Advance

New York, January, 12.

Jan. 5 : Jan. 12

(000's omitted)

1,000 $ 1,000 2,504,000 2,564,000

83.70% ..2,604,000

83.80% 2,692,000 14,585,000 14,577,000

15,505,000 15,550,000 -Reuter.

the

HEAVY-OIL

THORNYCROFT 'HANDYBILLY'

operated on the Hesselman principle and, with very little increase in weight or overall dimensions, combines the lighter weight and smoother running of the petrol engine with the low fuel cost of the diesel,

9

H.P.

Bore, 3 in. (80 m.m.); Stroke, 4}' în. (114.2 m.m.); :

Displacement, 86.5 cu. ins. (1415 c.c.)

Tailshaft speed: 700 r.p.m. Fitted with combined reducing-reversing gear,

THORNYCROFT

stands for Satisfaction

FOR FURTHER PARTICULARB

APPLY TO OUR

HONG KONG OFFICE. TEL 223637

St. George's BUILDING, IST." FLOOR,

41