1939-03-22 — Page 12

ONGKONG DAILY PRESS

Finance and Commerce

FINANCE

H. K. STOCK

EXCHANGE

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

round drop from the Lon-

WASTE IN INDUSTRY DAIREN WHARVES com artes on Monday: It is quite

Mr. Trollip

Trollip On Need For Replanting

The Cineteenth session of

Engineers Chantel

Ind

TO BE EXPANDED

Port Facilities" Too

Inadequate

Such huge quantities of goods are now piled up at the Deiren wharves that the South Minty-

the note of success in any business: chutia Railway Company is plan- Associa-and no organisation can be call-ning to extend present accommoda- was opened in Bom-ed good which permintaa tion by at least 50 per cent. This

S. Trollip General in any of its departments or cretary the Safety First As-tivities." lation f India,

y by Mr.

sion.

Import.. suggestions

were

to

people

BC-

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

About "a hun- Dealing with waste througn ac-

from cldent. and sickness, Mr. Trollip The cost. for this will be ap- ed and fifty delegates

the pointed out that every accident proximately Y:80,000,000 to start Cerent provinces attended

was a symptom of inefficiency, from the next railway fiscal year, ell- and the only way to prevent ne beginning on April 1. An appropria- nateste in industry and to eldents was to institute foreman tion of Y.9.000.000 is included in made training and job training and the next year's budget to allow for the Grease Production

Safety Inspec. Arst year of expansion, says the Mr. A. S. Trollip in his pre-institution of a

tor and Safety Committee,

"North China Daily News." tential address.

Concluding. Mr. Trollip sald The current congestion is being Mr. Trep said: "Many

that "When this Conference is over caused by the vast increase in im- with and you go back to your respec-ports, largely of heavy industrial her industrial nations she must tive organisations, appeal to goods which are coming in for the

back huge factories and you to go

determir.ed

the five-year m- to execution of up-to-date ma-follow master plan, if you have dustrial plan for "Manchoukuo," as

present accommodation other words, India one, or to formulate one if you

Only the godowns is entirely unable to cope her production. have not one already. here is only a fraction of truth co-ordinated effort of all sections with demand, Dairen, being essen-

this statement, for an in that. form any trade or essed output can result

e under the Impression India is to fall in

$t, build Ställ new and inery. i,

line

ust speed up

am quicker production or stop-and ge of waste.

I

common goal, ean India take her place in the Good rganisation is the key-dustrial world.

to

indus-tally an export harbour. A minor either try, working towards one purpose form of chaos reigns as to the help stacking of goods which cannot be in bald away indoors but some torm

of crder is now being obtained

A considerable shortage in rolling Istock is also to some extent respon- sible for the piles of goods at the

COLONY TRADE

DECREASE

....

Decline By 83 Per Cent. In February

The Imports and Exports Des riment Statistical Branch) re- rts that the combined values., of mer- and exports of ports andise excluding treasure) -as eclared during, the month of

bruary.

1939, totalled $73.3 ions (4.5 millions) as com- red with $79.9 millions (£4.9 llions in February, 1939.

In terms of local currency the

ANGLO-INDIAN Dairen wharves. An order has been

TRADE

New Agreement. Signed

LONDON, Mar. 21 (Reuter} Lancashire cotton industry benefits by the provisions of the Trade Agreement signed be- tween Britain and India yester- day. The agreement will remain in force for three years.

In order to compensate for some of the preferences on British goods, which have now been discontinued, Indin, undertakes to seduce the

placed for 1,700 freight cars and locomotives costing about Y.45,000, 000. These should be delivered by October next. About 2,000 flat cars were bought last year but proved completely insufficient to deal with the quantity of goods arriving at this part.

TUGS AND LIGHTERS BEING BUILT

Again there is a dearth of berth- ing facilities here. Recently fourth pler was constructed and for the time being nothing further along, this line can be done. There- fore, starting with this year on an expenditure of Y:1,400,000 addi- tional tags and lighters are to be obtained to load and unload vessels

tal visible trade of the Colony duties on British cotton goods in tying offshore · xcluding treasure) decreased by

3 per cent. in February, 1939 as

the first year from 20 per cent, to

don

evident

are operators

awaiting

further developments of the Euro-

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

This plan includes a 250-ton tug/

15 per cent. ad valorem, with corres with ice-breaking equipment, three

mpared with February, 1938; and ponding

reductions on printed lighters of 60 tons each, one new

8.2 per cent. in terms of sterling goods. Duties in the subsequent 100-ton tugboat and one second- Imports

in years will depend on the volume hand tugboat. When these small of merchandise bruary. 1939

$36.8 of exports of such goods to India crafts arrive, the port will have 164 totalled.. ons £2.3 millions) as, com-and the amount of Indian raw cot-lighters and 23 tuhoats. red with $41.4 millions (£26 ton taken by the United Kingdom.

ons in February, 1938, and ex-

rts $36.5 millions (£2.3 millions) compared with $38.5 millions £2.4 millions).

Imports of merchandise in

One scheme furtner is being con- Preferences enjoyed in the Bri-sidered which is to increase ship- makets by India under the ping accommodation at Kanseishi, Ottawa Agreemens (when the new across Tiren Bay, where all coal- agreement supersedes) are, withing is done to modern equipment. This will have, however, to wait few exceptions, continued.

bruary. 1939 decreased by · 11.1 Each party agrees to extend to until the shoreline has been largely

ercent in terms of local cur-

ty, and by 11.5 per cent. in the other tariff preferences acord-improved.

ms of sterling Exports of mer-ed now, or in the future, to any andise In February, 1938 de-Dominion or South Rhodesia,

tased by 5.2 per cent. in terms of

As regards the Colonal. Empire

cal currency, and by 4.2 per cent. the provisions of the Ottawa Agree

ment are generally retained.

erms of sterling.

During the first two months of 38 imports of. merchandise called 377.5 millions (£4.8 mil- a) as compared with $103.1 lions £6.4 millions) in the cor- sponding period of 1938: and ex- rts $76.7 millions (£4.7 millions) compared with $77.8 millions £4.8 millions).

HIGHWAY CONSTRUCTION SPEEDED UP,

To ease the burden on Dairen in connection with the ve-year in- dustrial plan for "Manchoukuo" It is

that belleved

the Changchun government will arrange for the development of the three Korean ports. Rashin. Seishun and Yuki; the work to be passed over to the SM.R

The revised plan calls for a tre- mendous rise in the export of coal to Japan and at the moment these three ports, from where Mishan coal is shipped, are not able to deal to with more than 800,000 tons an- nually, whereas the plan calls for

20. (In) SHANGHAI, Mar Apparently looking forward de- the arrival of tons of new muni- eased by 24.8 per cent. in terms tions shipments to supply local currency, and by 25.0 per Chinese armies in interior China,

imports of merchandise

the the export of 1,500,000 tons by 1941.

As the coal requirements for

nt in terms of sterling: exports British authorities are speeding "Manchoukuo" by that time cannot treased by 1.4 per cent. in terms construction work on the

Hongkong Bank, $1325. Douglases, $88, H.K Realties, $41. Cantor. Ices, $1,

Wing On (H.K.), $44,

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

SALES

Hongkong Bank, $1330. Providenta (Old), $5.40. HS. Hotels, $8. H.K. Tramways, $16.

Sandakan Lights, $11.10/104.

H.K. Docks, $17.90% Dairy Farms, $24.90. Watsons. $9.

PHILIPPINE MINES Antamoks, Ps. 39.

Atoks, Ps. 361.

Benguet Consolidated, Ps. 1280. Coco Grove, Ps. .41.

Demonstrations, Ps. 14.

I. X. L. Ps. ..82.

Paracale Gumaus, Ps. 164. Sän Mauriclo, Ps., 1.94. Suyot, Ps. 19. United Paracales., Ps. .69.

HONGKONG

SHAREBROKERS'

high-be estimated adequately, there is local currency, and by 2.1 per ways leading to the Burma-Yun-some hesitation as to setting this

nan border, Dr. Robert McClure, scheme going. nt, in terms of sterling.

of Toronto, an executive of the International Red Cross, told a foreign correspondent at Chung-

AKU HARBOUR TO king

arrived

NEW SHIPPING COMPANY Meantime the plan for forming the Manchuria Shipping Company is being carefully studied. This is

ASSOCIATION Volume of 'Business Transacted on Tuesday, March 21.

No. of - Shares

STOCK

Union Ins.

Trams

China Lights, (N)

Price.

10

1,000

$480,00 16.00

300

5.50

ANGLO- RUMANIAN

BE EXPLOITED Dr. McClure, who has Plans for the construction of the at the provisional Chinese capi- for forming a mercantile feet ag- tal after a tour of England and gregating 50,000 tons to be capt Fest commercial harbour

in

Government,

TRADE

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

i China at Taku, at the mouth the United States revealed that salized at 2,000,000 yuan, Those to the Peino River near Tientsin, the North Burma Railway which invest in this corporation would be fre launched recently with the runs from Mandalay to Myitk-

pers

plosives.

heavier loads

the Changchun”..

shita Kisen Kaisha, the Mitsul's lected establishment of a joint yina a distance of 500 miles, is Dairen Kisen Kalaha, South Man-

and the Mitsubishi's. -Japanese concern, capitalized being specially ballasted to handle churia Railway Company, Yama- In the meanwhile various snags 100,000,000, according to the the transportation of heavy ex- Asahi Shimbun" chain of news-

Meanwhile, highways and brid are visualized as to the creation of for this company. Unless the Japanese He added that Government wishes this, it will be A party of 30 experts from the set are being strengtheried

of materialization. panese Home Office are so leave

Tientsin early next month 500 British Thornycroft trucks, impossible

besides 1,000 Chevrolet and Codge Consent from the German Govern- trucks will arrive at the southernment would be necessary as the terminus of the Mandalay Lashio Third Reich is next to Japan, and doing more business with "Man- highway during March April to permit the launching choukuo" than any other country. A of steady heavy trame to the anchouuo" merchant ship would Yunnan border. British author-run into many difficulties in ports ties, he remarked, are providing of countries which have not yet note facilities to China than was recognized its government. originally promised.

make surveys required for con- Fuction of the harbour.

TRAM COMPANY DIVIDEND

At a meeting of the Board of rectors of the Shanghai E'ectric truction Company held last tek it was decided to recommend yment of a dividend at the rate 'per, cent. for the year 1988, at next annual general meeting shareholders

to be panghal on April 25,

LONDON GOLD

(Reuter 148

To return to congestion in this port the need for expansion of se¬ commodation can esadly be gather- ed from the fact that ist month half a millon there were

at the warves, either toms of

-open - storage;

WEDNESDAY, MARCH 22, 1939. -PAGE 11

HONGKONG SOCIETY FOR THE PROTECTION OF CHILDREN

under the distinguished patronage

of

H.E. SIR GEOFFRY NORTHCOTE, K.d.M.G.

AND

LADY NORTHCOTE

The ANNUAL BALL

Mr Howard Harding.

The Millons

Maldon

18.

will be held at

PENINSULA

ON

HOTEL

FRIDAY, APRIL 14

AT 9.30 P.M.

Tickets $4.00 each including Supper" "

......

Tables can be reserved at Hongkong Hotel

or Peninsula Hotel.

LABEL MENGI AND

NACET

REOD.

MADE IN ENGLAND

You can depend upon Nacet Biades to give you smooth 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

Engraving is the hall mark

Mr J. Cartwright.

Allarton Roof &

In these we Specialise

Samples available

at

Mr. Geoffrey A.

Matthews.

14 Mayfair.

Lundin 4.3.

of

VISITING CARDS.

If you wish to create

a

good impression

use our cards

of high

Quality.

Mr. Eric B. Green. 30. North Raphalds

South Shield

The EASTERN ELECTRICAL COMPANY,

BERRARO 2574.

FRIC GRAY.

PHONE CENTRAL 1785.

CAMERA STUDIES.

LAMMERTS' AUCTIONS

PUBLIC' AUCTION.

HE Undersigned have received

Instructions.

THE

+

to sell by

PUBLIC AUCTION

DR

WEDNESDAY. the 22nd MARCHI,

*-1939.

Commencing at 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- and Heaters; tric Lamps. Fans Porcelain, Glass, Brass and Alu-~- minium Ware. Cutlery, Pictures, Clocks, Cooking Utensils, etc.. etc.

2 Radio Sets

alsc

1 Vacuum Cleaner

2 Chesterfeld Suites

1 Teakwood Bed Room Suite

1 Teakwood Dining Room Suite

and

At 3.00 p.m.

One "Flat" two Seater Roadster

(in good running order).

On VIEW from TUESDAY,

the 21st MARCH, 1939.

Terms: Cash on Delivery.

LAMMERT BROS..

AUCTIONEERS.

PUBLIC AUCTION.

HE Undersigned have received

instructions

THE

TO SELL BI.

PUBLIC AUCTION

FRIDAY, the 24th MARCH, 1939

Commencing at 2.30 pm.

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, Bideboard, 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.

BLACKWOOD

A FEW PIECES OF

FURNITURE

¿PERT STREET, W-1.

Cash Register

1 Portable Typewriter "Under-

*wood"

1 "Smith" Typewriter

1 Croquet Bet in Box

1 Ashwood Bed Room Buite

3 Chesterfield Suites

Mr. Dennis E. Spaldin

70. Barbell Row,

Lindow.xx.18

THE HONGKONG DAILY PRESS

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

On VIEW from THURSDAY,

the 23rd MARCH, 1399,

TERMB:--Cash on Delivery

LAMMERT BROS

AUCTIONEERE

ATS