1939-02-25 — Page 11

HONGKONG DAILY. PRESS

Finance and

and Commerce

U.S. To France Trans- Atlantic Air Service

Trans-Atlantic dying service took a decided turn in January when the United States obtained from France permission for American commercial air transport" companies, to fly between the US, and France on a temporary agreement without "immedixie' reciprocal arrangements from France.

Beneath the calm surface of France has agreed to permit one deep-or more Americdn companies to diplomatic amenities is a rooted and spirited international arrange a total of four flights per Marocilles is understood to rivalry, among four nations to be week. the first to fly the Atlantic in re-be the terminal. gular commercial air transport.ser- vices, with payloads.

TWO COMPANIES ACTIVE

st

This manoeuvre to get the Ua There are two commercial air into the Atlantic Arst shifts the transport companies actively in the scene of trans-Atlantic flying from picture the

Pan moment, the much-publicized northern" American Airways" with a new route to a southern route via the Boeing Chipper 314 and the Ameri- Azores and Portugal.

can Export Air Lines, Inc., which

а

It is no secret that the deal with will have Consolidated flying) France was hastened in order to boat by the end of March,

break up the stalemate created in The French co-operation has the Atlantic by Great Britain. The

created a friendly and receptive agreement with France is consider.

nation and ed unusually favourable in that feling toward that

there are under consideration cer-

·France, not having equipment as yet to ay the Atlantic, has not intain proposals which may make it sisted upon holding up the service possible for American equipment to until it is ready to operate recipro-be leased to France for her recipro cal flights to the US. In view of The existing agreement with her lack of sultable planes.

However, in the meantime, the Great Britain has stalled trans- Atlantic dying up to now, because U.S.-British agreement is still in of the provision that neither coin-effect and Pan American Airways try could fly until the other was expects to fly to England on re- ready. With

agreement gular services sometime this sum-

cal services.

想 new

+

completed with France, the waiting mer if the Imperial Airways are

Freacy. period is just about over.

H.K. IMPORTS AND DAIRY FARM I, & C.

EXPORTS IN JAN.

CO.,

LTD.

H.K. STOCK?

EXCHANGE

FINANCE

PALESTINE ROADS

For service in the construction of a new road from Halfs to Baghdad, John I. Thomycroft & Co. Tath, have recently completed an ouder) for 8 rigid 6-wheeled tractive units, The week has been ton short to frameless tankers, and 3 platformi allow of a regular report, Business trailers The tanks, are of 2,000 during the past two and a half] gallons capacity and are designed days has been spasmodic and re-] for carrying hot bitumen. Bach stricted prices showing ittle tank, is equipped with steam heat- change, but the tendency remains ing and is mayed with Alfol, the cuter covering being of aluminium "sheet. For discharging the tanks a Reaveli air compressor is mounted behind the cab of each vehicle,"

The

steady.

BUSINESS DONE DURING THE WEEK Hongkong Bank. $1430, $1440. Bank of East Asia $85. Canton Insurance. $220, Union Insurance, $485. $470.

$487). $470.

China Underwriters, 61 cts.

cta.

Hongkong Fires, $180. Providents (Old), $6), 38:45." Hotels, $81. $6.65. Lands, $36.

**

Tramways ex div., $16). Mectrics, $57.

Dairy Farms, $234. Govt. 4% Loan 3% prem

Changes (3.30 pm. Closing Quotations Buyers

HK. Realties, $5.15, China Lights (Old), $3.30.. Watsons, $71.

Wing On (HK) 341, Marsmans (HK), 3/0.

Sellers

China Underwriters, $0.65.

Sales

Canton Insurance, $220. Union Insurance, $470/75. H.K. Tramways, $16.60. Watsons, $7.70

HONGKONG

SHAREBROKERS'

80)

Although these units are not in- tended for cross-country work, they are well equipped for nego- tiating badly surfaced loads, as a tractor unit with double drive has been chosen, while the tyre equip- ment is 10.50-23 in.; those on the being 13,50-20 in trailer unit singles in all cases.

.

As regards the platform lorries, these have been designed for 15-ton pay loads, and will be employed for general purposes, carrying barrels,

SATURDAY, FEBRUARY 25, 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"

&

road material and rose-making IMPERMO" Waterproofing Compound.

equipment. In front of each plat- form is a 2-ton winch, while the turntable gear is identical with that of the tank vehicles, so that all the semi-trailers and tractive units are interchangeable.

A PROSPEROUS INDUSTRY

English bulb growers are nów able to compete on level terms with the Dutch. It is a matter for regret that the word "bulb" is invariably linked up with the

ASSOCIATION Dutch Most gardeners-pro-

Volume of Business Transacted on Friday, February 24 STOCK

Shares Price No. of

The Imports and Exports De-: Subject to audit, the directors of partment (Statistical Branch) re- the Dairy Farm Ice & Cold Storage ports that the combined values of Co., Ltd., will recommend to share-

exports ot importa and

mer-holders at the annual general chandise (excluding treasure) as de- meeting of the company to be held Trams clared during the month of Jan-on March 22, 1939, at noon, that uary, 1939, totalled $80.8 millions the balance at profit and loss ac- Hotels (£5,0 millions) as compared with count asat December 31, 1928, Underwriters.... $101.1 millions (£8.3 millions) in amounting to $451.304.78, which Philippine Gold Mining Quotations

; includes $74,095.95 brought for- January, 1938:

1

from

19

⚫ 500 500

$16.85

16.75" 1,200 8.65 1,250 0.56

45

35 201

Friday, Feb. 24. last account and Antamoks. .................. In terms of local currency the ward total visible trade of the Colony from which sum has been deducted Atoks .... (excluding treasure) decreased by $125,715.00 in respect of Interim Baguio Gold 20.1 per cent. in January, 1839 as dividend paid, be appropriated as Benguet Consol. compared with January, 1938; and follows:-

by 20.6 per cent. in terms of Pay a anal dividend of

sterling.

$1 a share

to

reserve

to

serve

general

cattle re-

Imports of merchandise in Jan-Pay a bonus of 25 cents

a share uary. 1939 totalled $40.7 millions (£25 millions) as compared with Transfer $61.7 millions (£3.8 millionis) in January, 1938. and exports, $10.2 Transfer malliens (£2.5 millions) as com- pared with $39.4 millions (£24 Carry forward millions).

Imports of merchandise in Jan- uary, 1939 decreased by 34.0 per cent: in terms of local, currency, and by 34.2 per cent, in teams of sterling. Exports of merchandise in January, 1939 increased by 2.0" per cent. in terms of local cur-) rency, and by 4.2 per cent in terms of sterling.

Coco Grove........ Consol Mines

-$251,430.00 | Demonstrations

LX. L. 82,857.50 San Mauricio"

fessional and amateur-still insist that the best bulbs come from Hol- land. They are mistaken. The varie- tles grown in England are quite as good. If not better, than the foreign bulbs, and compare favourably in price with overseas ones of the same quality.

The British bulb industry 13 worth approximately £2 million It ds on the increase. The Royal parks have encouraged the home industry. They have used. English 13.50 grown bulbs during the past five 444

years. The major part of English 003

bulbs are grown in the Lincolnshire 16

Fenlands. Although dimcult. to! gauge numbers to a degree of accuracy, experts estimate that in and "around the town of Spalding the early spring of 1939 will see 300,000,000 blooms of tulips.

63

1.78 64

United Paracales 15.000.00 Market Comment.--Quietly steady.

50,000.00 SINGAPORE STOCK

QUOTATIONS

72,017.28

$451,304.78

BRITISH CAR FOR KING OF GREECE

To the long list of Royal War- rants held by Hooper Co.

*

Coachbuilders), 'Ltd., of London,

The following quotations of 12 leading Singapore stocks have been received by Messrs. Eills, and Edgar from Messrs. J. M. Sassoon & Co.

Singapore, Feb. 17. RUBBER SHARES

Middle Price

has been added the name of HM Amalgamated Malay Estate

Ltd.......

H.K. AND W. DOCK The King of Greece, for whom an

LTD.

enclosed limousine is being built on Kempas Limited

Adelaide in 1830,

Ltd.

$1.37 1,70

2.00

1.70

1.221

CO.,

а Daimler Straight-Fight long Kuala Sidim Rubber Co., Ltd, Subject to audit, the board of chassis. It is interesting to recall Pajam Limited directors of the Hongkong & that the firm received their first Sungei Bagan Rubber Estate Whampoa Dock Co., Ltd.. will re Royal Warrant from Queen commend to shareholders at the

Tapah Rubber Estate Ltd..... 1.872 forthcoming annual general meet- ing, the following appropriation of the amount at credit of profit and loss account as on December 31, 1938-

Pay a dividend of 6 per

cent.

TIN SHARES Petaling Tin Limited

LONDON, Feb. 24 (BWB)-The Sungei Luss Tin Dredging Minister of Agriculture announced Ltd.

in the House of Commons, that

INDUSTRIALS

8.50

1:40

29.60

the Government had reached the Straits Trading Co., Ltd. $137.409 conclusion that it was necessary United Engineers Ltd. (Ord.) 8.40 Pay a bonus of 4 per cent. 111,606 to give additional assistance, to Wearne Brothers Ltd.

barley and oats and proposed,

Place to special reserve for..

extensions

Place to general reserve.... Write down stocks Pay a bonus to staff

Carry forward about..

GOLD

13.30

350,000 when a long term polley has been Raub Australian Gold Mining. Co.,

Ltd., 4.55 c.d. 507,300 finally settled. It should be ap- 150,000 Diled retrospectively to both these 70,000 cereals in respect of 1938 crops. 373,000

LONDON METALS

EXCHANGE London, Feb, 23 (Roufér),

COPPER

buyers sellers

The above quotations are in Straits Dollars.

WEEKLY RETURNS AND REPORTS

BANK OF ENGLAND

London, Feb. 23 (Reuter),

Feb. 18

Feb, 23

Standard, Cash 41-5/16 Standard,

£ 41-3/8

Public Deposits Other Deposits :---

£12,480

Bankers

110,530

109,140

Other Accounts.

35,500

35,180

Total

148,030

138,270

Government Securities

83,400

78.940

Other Securities :---

Discounts and Advances

18,120

17,530

Securities

21,870

21,650

Total F

39,990

39,180

Notes and Coins

54,200

54,600,

Total Bullion

127,420

127,420

14-3/16

Notes in circulation.

413,220

472,730

Ratio of Reserve to Liabilities

34.19%

35.37%

3 months 41-5/8

41-11/16. Electrolytic ...... 46-1/2 47-1/2

TIN Standard, Cash 211-3/4 212 Standard.

3 months 211-3/4 211-7/8"

LEAD

Foreign.

Official Price 14-178 Foreign, Oficiale

3 months 14-3/16 14-1/4

SPELTER

Ordinary%20

Omcial Price 13-5/1613-7/16

Ordinary, Omelal

43 months 13-9/18/13-5/8

Final Afternoon Transactions

Ting Standard Cash, £212-3/4 value

Tin, Standard, 3 months, £212- 1/2 paid and buyers.

FEDERAL RESERVE SYSTEM

New York, Feb, 23 (Router):

Feb. 16

(000's omitted)

1,000 2,564,000

Billa Bought

UB. Becurities held

Feb. 23

1,000

2,564,000

Federal Reserve Ratio"

Federal Reserve Credit Outstanding

Monetary Gold Stock

8414% $2,587,000 14,772,000

84,26%

2,592,000

Industrial Advance

14.8180 -14,682,000 *14,647,060

Daffodils and tulips are grown to perfection in Great Britain and why there is no logical reason.

be British gardens should not ablaze with British Bowers,

HEAD OFFICE

TELEPHONE 21463.

EXCHANGE BLDG. HONG KONG

Oh! Such desirable lips....

Aflame with the witchery

of a million lights dancing on their taunting, jungle redness ...sweetly tender and lusciously soft in the glow of their caress.. and never do they betray, with tell-tale, marks, the caprices their enchanting colours rend ily provokes,. for SAVAGE is a truly "permanent” lipstick!

•'. It clings savagely. Five shades:

TANGELINE ..., FLAME¦ NATURAL.. BLUSH .... JUNGLE

SAVAGE LIPSTICK

FOR YOUR COMPLETE BEAUTY TREATMENT.

USE SAVAGE POWDER AND DRY ROUGE

WHAT

DO YOU

WANT?

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

25 words $1.00 Prepaid for 9 insertions.

ACTION FREE

SKIPPIES

BY formfit

Without hindering

figure freedom one whit these mere whiff of two-way stretch garments comfortablycontrol wayward bulges The modern way:

to smooth, triar fig- ure beauty, Girdies, Girdleieres, and "pantic girdles, too.

OBTAINABLE AT

ELITE

SHELL HOUSE.

PUBLIC AUCTION.

THE Undersigned have received

instructions

to sell by

PUBLIC AUCTION

MONDAY, the 27th FEBRUARY, 1839

Commencing at 10.00 sm.

At No. 18, MACDONNELL ROAD.

A QUANTITY OF VALUABLE

· HOUSEHOLD FURNITURE

Comprising:

Drawing Room and Dining Room Buites, " Braas · Beds with Ɛpiri Springs and Simmons Mattresses, Teakwood Wardrobes, with Mirror | Doors, -- Dressing Table Chests of Drawers, Desks, Tin-Lined Couch, etc., etc.

Bewing Machine "8

|1:Piano by (Off Bee

(The above

OD VIEW from SUNDAY, the 26th F RATART, 1939

FAMMERT BROS

IONEERE

LAMMERTS AUCTIONS

PUBLIC AUCTION.

THE Undersigned" have reosived

instructions

in 2

To BBCL BY

PUBLIC AUCTION

TUESDAY, the 28th MARCH, 1939-

Commencing at 10:00'am.

At No. 11, Duddell Street

-(Rutton, Building. Room No. 4)

A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE

On VIEW from MONDAY,,

the 27th FEBRUARY, 1939.

LAMMERT BROS.

AUCTIONEERS.

PUBLIC AUCTION.

HE: Undersigned have received

instructions

TO SELL BY

PUBLIC AUCTION

TUESDAY, the 28th FEBRUARY, 1838

Commencing at 11 o'clock a.m.

At the Timber Yard of The Hong- kong & Kowloon" Wharf & Godown Co., Ltd., Yaumati

(For Account of the Concerned)

126 BALES JUTE— more or less damaged.

TERMS:-Cash on Delivery,

LAMMERT BROS..

AUCTIONEERS.

PUBLIC AUCTION.

THE Undersigned have received

instructionE

to sell by

PUBLIC AUCTION

ON

TA

THURSDAY, the 2nd MARCH, 1939

Commencing at 2.30 pm.

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

QUANTITY OF VALUABLE

· HOUSEHOLD FURNITURE,

Comprising —

Teakwood Hatstands, Divans," Bedsteads, Wardrobes, Dressing Tables, Chest of Drawers, Bed Foom Tables, Folding Screen, Dining Table."" Chairs, Flower.. Stands, Desks, Typewriter Table, Bookcases, Glass and. Filing Cabinets, Ice Chest, Rattan Fur- niture, Cabinet and Portable. Gramophones, Records, Electric Table Lamps and Heaters, Béwing Machines, Rugs, Carpets and Run- Cast,... Bras, Kers Porcelain, Enamel and Aluminium Ware, Cutlery, Ornaments, Cooking Store, Cooking Utensils, etc., etc..

FEW PIECES OF BLACKWOOD

*FURNITURE

Radio Sets

ophone

1.Teakwood Dining Room Birta

UnEWEDNESDAY

* MAROH 1940: