1939-01-28 — Page 11

HONG KONG DAILY PRESS

Finance and Commerce

COMMUNICATION | CHUNGKING HAS FIRST GERMAN

IN KWEIYANG

Network Of Roads

Planned

(From Our Own Correspondent)

KWETYANG, Jan 10 The following is a full translation of WI the speech made by Mr.

of Kwel- Ting-chang. Chairman chow Provincial Government, recently:-

It NOES without saying that the system of communication in

NEW BANK

MR. T. L SOONG THE MANAGER

(From Our Own Correspondent)

CHUNGKING, Jan. 4.- An

of event

outstanding interest to Anancial circles tock place this moming when the China Native Commodity Bank in Shens Kal was formally declared open ed in the presence of a large gathering of clals and merchants.

government om-

The inauguration ceremony was

35,000-TON |BATTLESHIP

FINANCE

H. K. STOCK

EXCHANGE

The parket opened quiet and remained so for the greater part of

SATURDAY, JANUARY 28,"1939.-PAGE 11

PUBLIC AUCTION PUBLIC AUCTION.

the week with quotations tending THE Undersigned have received THE Undersigned have receiveg

to give way. Towards the close, however, buyers became more ! evidence and absorbed a fair num- ber of shares in the popular cou- ters but at prices showing some loss on those quoted at the begin- BERLIN, Jan. 27 (T/Ocean)-ring of the week. Transocean is reliably informed that the first German 35,000-ton battleship which was built by the firm of Blohm and Voss in Ham- burg will be launched on February

14. The new ship which will be the largest in the German Navy is intended to form, together with two 26,000 ton battleships. Scharn- horst and Gnelsenau, the nucleus. of the German battle feet. The

the Province must be developed./performed by Dr. H.H. Kung. the two last named ships are already

been

Chairman of the Board of Direc

merchants and farmers.

in service.

In addition to the five trunk Haestors of the Bank, who urged the

The new vessel will be arined of motor roads that have

Bank to render service to the with eight 38 cm. and twelve 15 in service, ten more trunk lines community, and extend loans to ca. guns but further details re-

these are to be constructed, and

garding its armament are not yet (Szechuen- are. (1) Chưai Ten

Among those who attended the known. The new battleship, will Yunnan) Motor Road. (2) Hatag

Ceremony were Mr. Chang Chun. be 241 metres in length and 36 klang From Hsingjer. and Hsing the Director of the Generalis. metres broad and will have a yi to Kunming). Motor Road.

simo's Provincial Headquarters draught of 7.9 metres. (3) Antu (from Anlung to Lungin Chungking and many prominent

merchants and government om clals.

Ting-

chow Motor Road," (4). Yu-Sung from Yupin to Sungtao) Motor

(from Road, (5) Ting-Lo fan to Lotien Motor Road, (6) Tu-san from Tuyun to

Jung- klang), 7 Tsun Ping from Tsun-

yi to Machangping Motor Read.

8) Tsun-Sung (from Tsungy Sungtao Motor Roud. (9)

to

Hul

Jung from Sanhul to Jungkiang Motor Road, and (10) Tung-Chih

(from

Tunghsin

Motor Road.

to Hoklang)

of

After the completion Ines the centre and the

these

It was reported that the Bank has already received ΟΥΕΣ $3,000. 000 for safe deposit.

Mr. Soong Tze-liang. brother

The second 35,000-ton battle- ship is under construction at the naval shipbuilding yard in Wil- helmshaven.

HOTELS FOR

of Mr. T.V. Soong, is the zeneral BURMA-CHINA manager of the Bank.

REALTIES" TO PAY

DIVIDEND

ما

Subject to audit, the balance at four credit of Broft and Loss Accoun: borders of the Province of Kwet on December 31, 1938. including chow wil be connected. Those $62.766.48 brought forward from districts that are not

these the previous year, amounts on trunk lines will then be linked $156,855.88. which the Directors at the forthcoming Ordinary Yearly up by district branch lines.

It was projected that with Kwel- Meeting of Shareholders to be held yang as the centre, railways ought on Wednesday, March 8, will re-

ROAD

Six young Chinese engineers will arrive in London to-day to receive practical training in engineering works under the scheme of scholarships operated by the Federation of British Industries. according to the "Times of Jan- uary 18. They will be welcomed by Lieutenant-General Bir George Macdonogh, chairman of the FBI. Ch'nese apprentices committee, They form a part of a group of 21

to be constructed to connect Sze-commend appropriating as, fol-apprentices: selected on the wasis

To pay a dividend of

40 cents per Share

of technical qualifications, per- 'sonality, knowledge of EngIsh, and general megs

The scheme is intended, apart

on 200.000 Shares... $ 80,000.00 from atting these apprentices for Transfer to General

chuen. Yunnan. Hunan and lows:- Kwangsi Provinces, As this Pro- vince is of more of political and military than economic impor- tance. Kwelyang ought to be the centre of railroads For the time being it is important to have the Liu-Yu (from Lluchew to Chung- king? Line constructed, which wly facilitate the development of national defence economy.

M

Reserve Carry forward to next

Account

50,000.00

26.855.88

$156.855.88

has

The second railway that is to be proposal in this connection constructed is

the Central the Eslang-Chten been submitted to Hunan Kwelchowi Line. The government..

responsible engineering positions in China, to develop trade and cul- tural relations between China Rad the United Kingdom. The 'scholarships are financed by grants from the Universities* China

BUSINESS DONE DURING THE WEEK. Hongkong Bank, $1350; $1375, $1370. $1365, $1370, 51375, $1370.

Canton Insurance, $220. -Union Insurance, $470, $488, $466,

$464, $488.

China Underw:iters $0 43; Hongkong Fires, $170... Douglases," $61.

Docks (old), $171, 17. Provident Par, $5.6. Hotels, 6.60. Lands, $38.

Realties, $5,65, $5.60, $5.50, 5.63. Tramways, $17:10, 3171. $17.

$17.30. $17.40," $17.20, $17. China Lights (cum rights), $93. China Lights Lex Rights), $8.30. China Lights (Rights). $3,10,

$3.05, $3.

Electrics, $571, $57. Sandakan Lights, $10.10, $10. Cements $10, $15.00, 15.80. Dairy Farms, $243. Sonceres, 31.80.

Govt, 33% Loan 1%prm 19.

CHANGES 3.30 PM. (CLOSING QUOTATION)

BUYERS Hongkong Bank, $1360 Union Insurance, $483. Providenta f(old) ($5.50. Cements, $15.60.

SELLERS H.K. Electrics, $57. H.K. Realties, $5.65. H.K... Tramways... $17.20. Telephones. $23). Cements, $18. Dairy Farms $231. Watsons, $7,70.

SALES

H.K. Bank, $1370) F.K. Docks (old) $17. Providents (old), $5.60.

H. & S. Hotels, $8.60. HK. Realties, $5.65. H.K, Tramways, $17.

China Lights (Rights), $3. Cements. $15.90/80. Sinceres, $11.

instructions

TO SILL BY

PUBLIC AUCTION

OR

TUESDAY, the 31st JANUARY, 1939.

Commencing at 10.30 a.m.

At No. 132 Argyle Street. 1st Floor, Kowloon.

A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE

------------

On VIEW from MONDAY, the 30th JANUARY, 1939.

Terms: Cash on Delivery,

LAMMERT BROS

AUCTIONEERS.

RACING TAXES IN SINGAPORE

The sum of $310.403.85 was: paid to Government för tax ón totalisa-

year tor and sweeps during the 1938, according to the annual re- port of the Secretary of the Singapore Turf Club, the annual meeting of which was held yester- day.

This compares with $296,281.80 paid for the same purpose In 1937.

IMPORT LICENCES IN

NEW ZEALAND Applications for import licences under the new trade control regula-. tiona arc mounting rapidly. Overseas orders are almost at a standstill.

Importers are bewildered owing to the lack of information. The general opinion 13 that the

will restrictions

apply chiefly against Australia and the United States, with which countries New Zealand has an unfavourable trade balance.

Committee in London, the Board British Council in London, and

The maintenance allowances are pald

of Trustees in China for the

regulations will On the Administration .of the British Boxer Indemnity Funds, and the by the engineering firms concerned. contrary favour Great Britain.

instructions

to sell by

PUBLIC AUCTION

OR

TUESDAY, the 31st JANUARY, 1939

Commencing at 2.30 p.m.

At the Sales Room, No. 35 Hankow Road, Kowloon,

A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE

Comprising:-

Blackwood Ware, Teakwood Drawingroom, Bedroom, Dining- rooth and Office Furniture. Pic tures. Carpets, Rugs. Ornaments, Cutlery, E. P.. Brass, Porcelain and Glass Ware, Gramophones, Records, Electric Heaters, Fans and Lamps, Books, Cooking Utensils, etc., etc.

also

3 "Remington" Typewriters 5 Genuine Persian Rugs

2 Wardrobe Trunks

1 Axminster Carpet

On VIEW from MONDAY." the 30th JANUARY, 1039.

Terms: Cash on Delivery.

LAMMERT BROS.. AUCTIONEERS. -

WHAT

LAMMERTS' AUCTIONS

PUBLIC AUCTION,

HE Undersigned have received

THE Instructions

TO SULL BY

PUBLIC AUCTION

- "

MONDAY, the 30th JANUARY, 1939

Commencing at 11 am.

At their Sales Room, No. 2 Connaught Road Centrai,

2nd Floor

2 Cases Cointreau

Rhum

2

1

Bacardi

3

Maraschino

Cherry Brandy

Creme de Cassis Simon

Apricotine

and

10 Cases Syrups (Cusenier)

TERMS:-Cash on Delivery.

DO YOU

LAMMERT BROS..

AUCTIONEERS,

WANT?

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

25 words $1.00 Prepaid for 3 insertions.

DIRECTORY & CHRONICLE

OF

CHINA, JAPAN, MALAYA, THE PHILIPPINES,

INDO CHINA, NETHERLANDS INDIES,

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