1939-03-22 — Page 11

HONGKONG DAILY PRESS

Finance and Commerce

FINANCE

H. K. STOCK

EXCHANGE

Very quiet conditions prevailed all day, possibly due to the all

don market on Menday. It is quite

WASTE IN INDUSTRY DAIREN WHARVES round drop reported from the Lott-

Mr. Trollip

On Need For Replanting

The nineteenth sealen of te sole of success in any

business!

TO BE EXPANDED evident operators are

Port Facilities Too

Inadequate

Such huge quantities..of goods are now piled up at the, Dairen |wharves that the South Man-

Mechanical Engineers Assoc kami ne organisation can be. can-churia Railway Company is plan-

RC-

tion (India) was opene! in Bled good which permits of waste bay by Mr. AS. Trollip

te any of its departments or Secretary of the Safety First. titles"

Oer.

to

from

Trollip

ning to extend present accon moda- ton by at least 50 per cent. This

will be carried out under either a seven or eight year plan.

The cost for this will be ap

awaiting

further developments of the Euro- pen situation before acting one way or the other. Amongst the small amount of business reported during the day, H.K. Banks again chinged hands at $1330, and there are further enquiries at this price. BUYERS

Hongkong Bank, $1325.. Douglases, $68.

HK Realties. $41.

Canton Ices, $1.

Wing On (HK), $44.

H.K. Gove. 45% Loan 4%pm. H.K. Govt. 31% Par.

SALES

Hongkong Bank, $1330. Providents (Old), $5.40,

sociation of India. About a 1ealing with waste througn sc- dred and fifty delegates

client and sickness, Mr.

11 accident proximately 80,000,000 to start pointed out that every different provinces atte ided

was a symptom of Inefficiency. from the next railway fiscal year, Session.

and the only way to prevent ac- beginning on April 1. An appropria

foreman tion of Y.9.000.000 is inchided in dents was to institute training and job training and the next year's budget to allow for the

Safety Trispec institution of a

list year of expansion, slys the "North China Daily News." tur and Safety Committee. Concluding. Mr. Trollip "When this

Important suggestion: minate waste in industry and

were Increase production by "Mr. A. S. Trollip in his sidential address:

mad

Mr. Trollip sald" "Many p

ure under the impression

it India is to fall in line

said:

The current congestion s being Conference is over caused by the vast increas: in im- and you go back to your respec- ports, largely of heavy industrial other industrial nations she partive organisations. I appeal to goods which are coming in for the

determined

of wexecution the ave-ar m- firit bulld huge -factories aleyna to go

follow a master plan, if you have (dustrial plan for "Mancho.kuo," as Balla 'one, or to formulate one if you present Wilds,

product. her

have not one already.

install new and up-to-date chinery in other

must speed un

back

H. & S. Hotels, $6.

H.K. Tramways, $18.

Sandakan Lights. $11.10/10.

H.K. Docks, $17.90.

Dairy Farms, $24.90 Watsons $0. ·"

PHILIPPINE MINES

Antamoks, Ps. .39.

accommodation

A8

い萎える

Atoks, Ps. 361.

Only the acdowns is entirely unable to cope.

There is only a tractkn of tita co-ordinated effort of all sections with demand, Datren beir g essen- in tus statement,

an a that term any trade, or

fu

indus-ally an export harbour. A minos

creased output can resalt either try, working towards one purpose form of chaos reigns a to the from quicker production for any land

take of waste.

"Good organkation is the

· COLONY TRADE DECREASE

Decline By 83 Per Cent. In February

of

AN

The Imports and Exports De partment Statistical Branch re- ports that the combined values of imports and exparis chandise. (excluding treasure declared during. Lier mont).

1939. totalled February. millions (£4.5 milliun,] 45 cut- pared with $79.9 mons +(25/1 millions) in February. 1939.

In terms of local currenc: total visible trade. of the C excluding treasure decreas 8.3 per cent. in February, 1914 compared with February, 1938

H

by 6.2 per cent. In terms of sterious

Imports of merchandise February, 1939 totalled

can

*goal, COMMON

help stacking of goods which cannot be India take her place in the nad away indoors but some form dustrial world.

"..

jo order is now being obtained

A considerable shortage b1 rolling stock is also to some exter, respon- sible for the piles of goous at the

ANGLO-INDIAN Dairen wharves. An order has been

TRADE

New Agreement Sigued

Li

LONDON, Mar. 21 (Reuter)— Lancashire

industry coitoa benefits by the provisions of the Trade Agreement signed be- tween Britain and India yester- day. The axreement will remain m force for three years.

placed for 1,700 treight cars and flocomotives costing about Y.45,000, 000. These should be delivered by ¡Octuber next, About 2,000 flat cars' were bought last year but proved completely insufficient to deal with the quantity af, goods ariving at this port

TUGS AND LIGHT RS BEING BUILT

Again there is a dearth of berth- ng facilities here. Rcently a fourth pier was constricted and for the time being nothing further jalon this line can be done. There- order to compensate for some tone, starting with this year on an of the preferences on British goods, expenditure of Y.1,400 000 addi- which have now been discontinued, tonal tugs and lighters are to be reduce the retained to load and unlad vessels [Jgsida undertakes- to

eries on British cotton goods in lying offshore - the Arst year from 20 per cent, to 15 per cent, ad valorem, with corres Fooding reductions

|

on

printed

This plan includes a 150-ton tug with ice-breaking equipment, three lighters of 60 tons each, one new pors. Duties in the subsequent 100-ton turboat and ce second- naars will depend on the volume hand tugboat. When these small, 9ad8e exports of such goods to India jerafts arrive, the port will have 184 millions (£2.3 millions) as and the amount of Indian raw cot-nighters and 23 tugboats pared with $41.4 millions millions) in February, 1938, and ports $36.5 millions (£43 ml as compared with $28.5 m (£24 milionsì.

Imports of merchandis February, 1939 decreased bi local per cent in terms of rency. and by 11.5 per cer terms of sterling. Exports of chandise in February. 193 creased by 5.2 per cent in term local currency, and by 4.2 per in terms of sterling.

During the first two mot. 1039 imports of meret. totalled $77.5 millions (£4 llons) as compared with millions £6.4 million in th responding period of 1938: a ports $78.7 millions (14.7 m 'as compared with $18 n

£4.8 millions).

Imports of merchandi

11

26 taken by the United Kingdom. One scheme further is being con- ex-

Preferences enjoyed in the Bri-sidered which is to increase ship- 7931sh makets by India under the ping accommodation at Kanseishi, Ottawa Agreement (when the new across Dairen Bay, when all coal- agreement supersedes), are, with ing is done to modern equipment. This will have, howe" er, to wait few exceptions, continued,

Each party agrees to extend to until the shoreline has ven largely inc other tariff preferences acord-improved. led now, or in the future, to any

Dominion or South Rhodesia.

40-j

92

1.

As regards the Colonal Empire t. the provisions of the Ottawa Agree

iment are generally retained.

21-

HIGHWAY CONSTRUCTION

SPEEDED UP

SHANGHAI, Mar 20

the

To case the burden (a Dairen in connection with the five-year in- |dustrial plan for "Manchoufuo" it is

belleved that

Changchim | government" will arrange for the [development of the tree Korean ports. Rashin. Selshur and Yuki, the work to be passed over to the İSMA.

The revised plan calls for a tre- mendous rise in the erport of coal to Japan and at the moment these three ports, from wham Mishan

(in'--coal is shipped, are not able to deal

Apparently looking forward to with more than 800,000 tons an- e-the arrival of tons of new mani-nually, whereas, the plan calls for

creased by 24.8 per cent instions shipments to supply the the export of 1,500,000 ons by 1941.

of local currency, and by

cert. in terms of steriing:

decreased by 1.4 per cent, I

of local currency, and by cent in terms of stering.

Chinese anales in interior China,

Certs! British authorities

As the coal requirements for are speeding "Matichoukio" by the time cannot. ins construction work on the high be estimated adequately, there is ways leading to the Burma-Yuri come hesitation as to setting this nan border. Dr. Robert McClure. scheme going.

TAKU HARBOUR TO ***.

BE EXPLOITED Plans for the construction: largest commercial hartų North China at Taku. at the

of the Pelho River near T

were launched recently w projected establishment of

Sino-Japanese concern, cap at Y100,000,000, according "Asahi Shimbun" chain of papers.

A party of 30 experts' tr Japanese Home Office are

for Tientsin early next

arrived at the provisional Chinese capi-

Dr. McClure, who has

of the of Toronto, an executive

a NEW SHIPPING COMPANY International. Red Cross, told foreign correspondent at Chung- Meantime the plan for forming the Manchuria Shipping Company is being carefully studied. This is for forming a mercantile feet ag- tal after a tour of England and regating 50,000 tons to be tapt- the United States revealed that talized at 2,000,000 gran: Those to the North Burma Railway which invest in this corportion would be the Changchupd Government, the runs from Mandalay to

vins, a distance of 500 miles, is Dairen Kisen Kaisha, South Man- eding specially ballasted to handle churia Railway Company, Yama the the transportation of heavy ex-shita Kisen Kaisha the Mital's

to make surveys required fra ege

struction of the harbour.

TRAM COMPANY DIVIDEND

to

Myitk-

and the Mitsubishi's

Benguet Consolidated, PS, 1280..

Coco Grove, Ps. 41.

Demonstrations, Ps. 14.

1 X L., Ps. .62.

Paracale Gumaus, Pg. 184.

San Mauricio. Ps. 1.84. Suyoc. Ps. 19. United Paracales, Ps. .69.

HONGKONG

In the meanwhile various snags kteanwhile, "highways and bridare vialized as to the creation of for this company. Unless the Japanese ges are being strengthened heavier loads. He added that Government wishes this, it will be 500 British Thornycroft : tracks. impossible of materialization. besides 1,000 Chevrolet and Dodge Consent from the German Govern- į trucks, will arrive at the southern mens would be necessary as the terima of the Mandalay-Lashio Third Reich ia nat to Japan Anigorway

during March

and doing more business with "Man- April to permit the launching choukuo" than any ogdier country: A of steady heavy traffic to the "Manchukuo" merchant ship would Yunnan border. British authori-run into many duties in ports ties, be remarked, are providing of countries which have not yet

at a meeting of the Bc. 3ettore facilities to China thân was recognized-Ita government Directors of the Shanghai originally promised.

Contruction Company bel feat week it was decided to recon Rod | payment of a dividend at t) - sude of 8 per cent, for the year 1938, 24 the next annual general ne of shareholders to be bric a Shangha! on April 25

LONDON GOLD

London, Mar. 20 (Reuter). Bar Gold, Fine per oz. 143/6]3 Dollar Partty. 1/26, premium

SHAREBROKERS'

ASSOCIATION

Volume of Business Transacted on Tuesday, March 21.

STOCK Union Ins.

Trams

China Lights (N)

No. of Shares

Price

10 $440,00

1,000 300

18,00

5.50

ANGLO- RUMANIAN

To return to con in this port the need for expansion of no commodation can ally be gather ed from the Tart tins last month thers were about jalf a million. tons of goods at the Warren, either iri godowns or in osa storage mainly the letter:

TRADE

LONDON, Mar. 21 (Reuter›—Mr. Oliver Stapley. President of the Board of Trade, announced yester- day that the British Government had decided to send a commercial mission to Rumania.

WEDNESDAY, MARCH 22, 1939.-PAGE 11

HONGKONG SOCIETY FOR THE

Mr Howard Harding.

The Milane

Maldo

Telephod

PROTECTION OF CHILDREN

under the distinguianed påtronage

of

H.E. SIR "GEOFFRY NORTHCOTE, K,C.M.G.

AND

LADY NORTHCOTE

The ANNUAL BALL

will be held at

PENINSULA · HOTEL

אס

FRIDAY, APRIL 14

AT 9.30 P.M.

Tickets $4.00 each Including Supper

>> Tables can be reserved at Hongkong Hotel

or Peninsula Hotel.

"NACET

AGOD TRADE MARK

MADE IN ENGLAND

smooth

You can depend upon Nacet Blades to give you many close, shaves, They bring that uniformly high quality. never before in low-priced

blades-every blade In every packet having an edge that is keen and lasting. Nacet Blades fit three-peg razors.

"NACET"

BLADES

LAMMERTS' AUCTIONS

PUBLIC AUCTION.

"HE Undersigned have received"

Instructiona

to sell by

PUBLIC AUCTION

ON

WEDNESDAY, the 22nd MARCH, 1939.

Commencing xt:2.30 p.m.

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

A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE

Comprising:-

Blackwood Ware, Rattan Furni- ture, Teakwood Wardrobes, Dress- ing Tables, Chests of Drawers. Sideboards, Dining Tables. Chairs, Carpets, Rugs. Typewriter Tables, Cabinets, Divans, Bookcases, Elec- tric Lamps. Fans and Heaters; Porcelain, Glass, Brass and Alu- minium Ware, Cutlery, Pictures, Clocks, Cooking Utensils, etc., etc.

2 Radio Sets

also

1 Vacuum Cleaner

2 Chesterfield Suites.

1 Teakwood Bed Room Suite

1 Teakwood Dining Room Suite

And

At 3.00 pm. One "Flat" two Sester Roadster

(in good running order),

On VIEW from TUESDAY.

the 21st MARCH, 1939.

#1

Terms: Cash on Delivery.

LAMMERT BROS..

AUCTIONEER.

Engraving is the hall mark

Mr J. Cartwright.

28. Allerton Road

In these we Specialise

Samples available....

at

Mrs Geoffrey A. Matthews.

Folyphone

"

of

VISITING CARDS.

If you wish to create

a

41

good impression

use our cards

of high

Quality.

Mr Eric B. Green,

The EASTERN ELECTRICAL COMPANY,

BERRARO 274.

FRIC GRAY

PHONE CENTRAL (78B.

CAMERA STUDIES.

PUBLIC AUCTION,

HE Undersigned have received

instructions

THE

TO SELL BY

PUBLIC AUCTION

ON

FRIDAY, the 24th MARCH," 1939

Commencing at 2.30 p.m.

At their Sales Room, No. 2 Con- naught Road. Central, Ground Floor

A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE,

Comprising

Teak Bedstead, Divans, Ward- robes, Dressing Tables, Chests of Drawers, Dining Tables," Dinner Waggon, Sideboard, Chairs, Desks, Typewriter Tables, Glass and Filing Cabinets, Medicine Chests, Gramo- phones and Records, Electric Lamps and Heaters, Porcelain, Glass, Brass and Aluminium Ware, Pictures, Clocks, Ornaments, Car- pets, Rugs, etc., etc.

ERT STAKET, W.LAS

A FEW PIECES OF BLACKWOOD. FURNITURE

and

1 Cash Register

1 Portable Typewriter

Wood"

1 "Smith" Typewriter

1 Croquet Set in Box

1 Ashwood Bed Room Sulte

3 Chesterfield Suites

Mr. Dennis & Spalding

George R. Fant & Co Ltd

70. Barghill Row,

THE HONGKONG DAILY PRESS

Marina House, 3rd Floor, 15-19, Queen's Road Central.

On VIEW from THURSDAY,

the 23rd MARCH, 1338.

Cash on Delivery

LAMMERT BROS.

AUCTIONEERA