1939-04-03 — Page 11

HONGKONG DAILY PRESS

Finance and Commerce

REBUILDING CHINA'S

INDUSTRY

BY CO-OPERATIVES

¡

SHARE MARKET

REVIEW

BY C..A. L. RICKETT Secretary, Hongkong Sharebrokers' Association

FINANCE

ARBITRATORS FOR LAND RESUMPTION COMPENSATION

The" Board of "arbitrators, ap- pointed to determine the amount of compensation to be paid in respect of the resumption of the remaining portion of the southern portion of the Fraya Reclamation to the remaining portion Marine Lot No. 58 (being a por- tion of Ko Shing Street), is con- stituted as follows:-Mr. Thomas Stodart Whyte-Smith, Justice of the Peace, Chairman, Mr. Percival Douglas Wilson. M. Inst. C: E., nominated by Hls Excellenes the Hazeland, architect, nominated by Governor, Mr: Ernest Manning the Chairman

With the continued gravity of CHÚNGKING, APRIL 1 (CENTRAL)—"I WAS DEEPLY DM-

the European political situation market conditions have been very PRESSED BY THE DEGREE OF SUCCESS THE PEOPLE THERE

uncertain during the week and HAVE ATTAINED IN THE DEVELOPMENT, OF INDUSTRIAL CO-

there has been a further decrease OPERATIVES, for despite the fact that most of them are ill-

in the volume of business recorded. terates, they are grasping the dea with extraordinary quick-'

Towards the end of the week re- ness," declared Mr. Rewi Alley, a New Zealander serving as adivi- ser to Fadustrial Co-operatives, soon after his return to Chung-

newed selling on a small scale re- sulted in a downward tendency in king after a one-month trip to the Northwest, to a group of Chi-

prices However, at the close of nese and foreign newspapermen in the wartime capital.

business, with more enquiries, there We-can do everything in co- that a co-operative, organized by is every indication of improvement operatives that is impossible in any! 15 literates, la producing articles prices and the undertone is fir- that meet high local demandsmer. Hotels changed hands down other organization in wiuftime," continued Mr. Alley, "for in the judded Mr. Alley,

In two Shensi towns that Mr.wanted at this price with sellers to $5.50 and funther shares were former, the workers, bound by their common interests and group wėl-

jat $5.65. China Lights (0) were fare, fight to cut down.costs as

wanted at $8.20 with sales reported much as they cán, A machine

at $3.25 and $5.50 for the new shipped from the seaboard areas.

shares. Electrics after changing can be purchased for $8,000 on 'a

hands at $56.75 were wanted at co-operative basis whereas it would

$58. HK. Docks were wanted at ¦ sittings. cost $16,200 otherwise,

$15, Lands at $33.75 and Dairy Farms at $21) (ex rts.), Trams were offering at $16.20 with buyers at $18.

Alley visited, he saw that co- operative lodging houses for the benefit of tradesmen and ira- vellersta transit have been built in the hills where ther are practically indestructible. He said that co-operatives are now a paramount necessity, for goods brought in by peddlars from Shanghai or Tientsin are „too expensive for the men-on-

the-street.

"Many of the women mill work- ers who were removed from Han- kow through Madame Chiang Kai- shek's efforts last fall and who are: now settled in peaceful plac's in the Northwest where they are spin- "An imported electite cell may ring, weaving and knitting in low sell for 80 cents in the Northwest mountain caves would never return | but through the services of a small to factory life tied down to ma-co-operative which collects used chines As co-operative workers calls from the towns and then re- they enjoy more freedom, less hours makes them. a second-hand cell and higher pay. They can feed thus produced costs only 20 cents." their bables whenever they please said. Mr. Auley. and they have their own chairman and organizations," observed the New Zealander.

- REMARKABLE ABILITY

THRILLED

On his way back from southern Shensi Province, Mr. Alley was thrilled by the number of co-opera-

"The abluity of the Chinese to tive transport carts travelling on

י

The Manila market, following New York, took

an easier

turn

.ctvs.

sari Mauricio lost 25 ctva, to Pa 1.60. United Paracale closed at 69

a loss of T ctvs. (ex. div.) Antamoks receded to 354 ctvs, (ex. div.) and Benguet Consolidated were down. 50 ctvs at Ps. 12. Mar ket closed rather easter.

"

H. K. STOCK EXCHANGE

The Market was quiet with no

BUYERS

H.K. Bank. $1340.

organise co-operatives is remark-the road Also there were the gold-charges of importance to report. able. In many small villages that mining co-operatives which with I visited. many federations of co-50 members in each unit were sift- operatives have sprung up. Oneling sand for the precious metal. of them even had a 31,000-trade aj The work of these co-operatives day by supplying the military with, is simple," said he,

cloth. canvas and other materials.j "At first a prospecting corps of In one town" !n, southwest Shenst|12, men is sent out and when it Province, I was surprised to and discovers a good location, the rest of the members come and join

WEEKLY PRIVATE

REPORT

REYNOLDS AND GIBSON

WHEAT

then in the work. There are at present three gold-mining co- operatives along that sector, each 'making $2,000 a month."

Mr. Alley also sees many pos- sibilities for wool-making in the Liverpool, March 21. " Northwest whit, he said. 15 an Liverpool. At Arst prices were especially Important army industry inclined to ease, despite further because of the severe winter there- sales of Australian wheat and He said that the Chinese Industrial Eour to China and rumours that Co-operatives have already decided the negotiations for the sale cfto create a number of units for pro- 100,000 tons of Plate wheat to ducing woollen garments and Germany in exchange for railway blankets for the winter campaign. material had been completed. The "Progress is also being made in easiness was occasioned by rather the work of the co-operatives in more pressure to sell Australian the districts near the sea and in and Plate and, by a sharp reduc-Central China" Mr. Alley pointed tion of 5/- per ton in the minimum į out, "In west Hunan Province to- Plate freight rates. The market. Cay, many small productive units) however, rallied later in the week have been organized with machines į on the disquieting political news from factories formerly located in and finished steady ld. to jd. Changsha. The same thing is hap. higher on balance,

pening in South Kiangs! Province

There have been no fresh deve-where the breaking up of big fac- lopment of importance with re-tories in Nanchong has created gard to growing crops. The U.S. many smaller workshops in the Winter wheat crop is greening and areas further removed from the prospects are reported to be fa-hostilities."

vourable except in parts of Okla- Summarizing progress, achieved homa and Western Texas where since the actual inauguration of the condition is poor. In the the scheme, Mr. Alley declared North-west the ground is st that 179 industrial co-operatives frozer.

The VSA Bureau of representing 50 Hfferent industries Agriculture issued on Friday last have been established throughout

Unlon Ins.. $455, Douglases. $68.

H. & S. Hotels, $5.40. H.K. Lands. $331.

HK Tramways, $16." China Lights (Old), $8.10. China Lights. (New), $51. Dairy Farms ex., rights, $211. Entertainments, $8.

HK Govt. 3% Loan,1% prem. Dairy Rights, $154.

"SELLERS

H.K. & K. Wharves, $109): China Lights (New), $54. H.K. Electrics, $561. SALES. Union Ins., $165. Douglases, $69: HK. Docks, $19. Providents, $43.

H. & 9. Hotels, $5.45/50. H.K. Tramways, $16.10.

Dairy Farms ex. rights., $21}. E.X. Govt. 4% Loan, 4% prem, PHILIPPINE MINING

QUOTATIONS Antamoks Ps. 36. Atoks Pa. 324

Bagulo Gold P., .24 Benguet Consol. Ps., 12.00 Coco Grove Ps., .36 Consol, Mines Fs., .003 Demonstations Ps... .14 LX.La Ps., .55

San Mauricio Ps. 1.80 United Paracale Ps., .84

RICE EXPORT RESTRICTIONS KWEILIN, April 1 (Central)—

the following estimates of farmera'China. They are supporting no less Restrictions have been, imposed-by planting intentions with regard to than 30,000 people, mostly war re- the Kwangsi Provincial Govern- Spring wheat:-

fugecs. The CIC. has invested inent on the export of rice from Spring Wheat:-Intended Sow- $1,200,000 in loans to the co-opera- the province. ings, 1939: 19.505,000 acres.

former owners,

tives out of a total appropriation It has been stipulated that any the Executive shipment of over 3,000 cattles: Spring Wheat:-Seeded Acreage, of $5,000,000 from 1938: 23,515,000 acres.

Yuan The immediate objective of | should be certified by the Spring Wheat:-Harvested Acre- the authorities is to increase the authorities of the purchasing age, 1938: 20,510,000 acres.

number of Industrial co-operatives province, while any shipment

prospects

Northern to 500 by the end of May, while between 1,000

should cattles European crops are regarded as the ultimate goal is 30,000 units be certified by the district govern-

within the next two years.

The

of

only moderate. Re-sowing has not been as extensive as was expected. Indian conditions have improved and harvesting is now in progress. Chicago prices have also been influenced by the unsettlement in Europe. There has been some fresh Eastern and speculative buy- ing together with short covering. There has, however, been no im- provement in the export demand. Sales of American wheat and flour "for export from July 1, 1938, to February 20, 1939, have been om-" cially estimated at approximately $8,900,000 bushels, of which about 62,600,000 were subsidized. “

The Winnipeg market has regis- tered a small improvement after an early decline, in which the Oc- tober position recorded a new ses- sonal low. It is reported that Norway has bought 4,000 tons of No. 3 Northern Manitobas for ship- ment at the re-opening of naviga- tion.

Argentine pressure seems to be increasing "but the deterioration in European politics and the imimiz- ence of the crop scare period make us lean to the long side...".

Stocks of Wheat in Biverpool: This week 788 loads; last week 830 'loads.

ment concerned.

HONGKONG SHAREBROKERS

ASSOCIATION

VOLUME OF BUSINESS TRANSACTED FOR WEEK ENDING

STOCK

Hongkong Banks Union Ins...... Canton Drs. Electrics

Trams

Hotels

PRICE $1,385.00 to $1,370.00

5:50

MARCH 31, 1939

No, of Shares

5

20

10

470.00 225.00.

150

55.75 to

58.50

1,300

18.15 to "

16.25

1,200

5.85 to

China Lights (Old)

1,300

8.30 to

8:20"

China Lights (New)

1,000

5,50

HI, Docks

560

16.70 to

16.00

Humphreys

100

8,00

107

24.00

66

15.25 ta 15.70

100

13.50

500

6.25

100

500

4.30.

100

$20,30

$2,000

4% prem.

7,500

United Paracale

11,000

Itogons....

12,000

Antamoks

5,000

Pa 404

Paracale Gumaus Consol Mities

10,000

Ps.101

20,000

Fs.002

*ghanghai currency

Yamati Ferries (N) Dairy Farms Rights Cements Chiria Emporium Raubs Providents.... Ewo Cottons Govt, 4% Loan Ban Mauricio

8.30

PB.1.96

P8.72 to Pa,082 Ps.28) to P8.0.25

on behalf of the

It is hereby further notified that the Chairman appoints Wednes- day, April 12, at 230 p.m. at the Land Office, Courts of Justice, Hongkong as the time and place for the Board to commence its

Any person claiming compen- sation, whether as owner or other- wise, by reason of such resump- tion must at least two days before the commencement of the sittings of the Board, transmit to the Colonial Secretary, for trans- mission to the Board, & written claim stating the nature of his right or interest in the land and the amount which he seeks to recover.

Why VAT 69

is the

preferred Scotch Whisky

Its liqueur character, the combined effect of supreme quality and age,

makes VAT 69 the preferred Scotch

Whisky among, qualified judgas,"

Always ask for it. You cannot

serve your guests a better whisky.

ה -

VAT 69

Destakunt

Tells!

Quality Tells

anderson's

· LUXURY BLEND SCOTCH WHISKY

Imported by

W.R. LOXLEY.COM

YORK BUILDING HONG KONG

Distilled and boilled in Scotland by

Wes; Sandersom de Zan

LEITH

MONDAY, APRIL 3, 1939. —PAGE 11

"Since taking Kalzana

my

headaches vanished

My NERVES are much STEADIER than they were before"

3. I. Cape Tazin, SA,

Kalzana is a remark- able food containing no drugs whatsoever.

In hot countries one's diet and the extent to which one perspires tend to decrease the mineral contents of the body. Many complaints such as irritability," high blood pressure, dizziness, acidity, which are so often ascribed to." the climate " are due largely to this loss of minerals.

When you do not feel as well as you should, start taking Kalzana tablets.. They will soon put you

Kalzana

THE MINERAL FOOD FOR BETTER HEALTH.

Obtainable at all Chemists in sublet and powder form.

Kelzana Tablets are sold in bottles of 750 and 4a. Kalzane is the meat

aconomical of all calefum preparations.

Mr Howard Harding.

10.

LAMMERTS AUCTIONS

41

PUBLIC AUCTION.

THE Undersigned have received

instructions

TO SELL BY

PUBLIC AUCTION

0%

́TUESDAY. the 4th APRIL, 1939.

Commencing at 2.30 p.m.

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

A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE

Comprising:-

Teakwood Bedsteads Divans, Wardrobes, Dreading Tables, Wash-* stands, Chests of Drawers, Hat- | stands, Chesterfeld Suites, Dining Tables. Sideboards, Dinner Wag- gona, Chairs, Ice Chests, Desks.. Cabinets, Typewriter. Tables, Rugs, Curtains, Mosquito Nets, - "Chair Covers, Curios, Porcelain, Glass, Brass and E.P. Ware, Cutlery, Electric Table Fans and Lamps, Pictures, Omaments. Utensils, etc., eta

also

Cooling

A FEW PIECES OF BLACKWOOD FURNITURE

and"

1 "Westinghouse" Refrigerator

1 "Zenith" Radio Set

1 Teakwood Bed Room Bülte

1 Teakwood Dining Room Suite

On VIEW from MONDAY, the 3rd APRIL, 1999.

TERMS:-Cash on Delivery.

LAMMERT BROS..

AUCTIONEERS.

Engraving is the hall mark

Mr. J. Cartwright.

9. Allerdings Reming

In these we Specialise

Samples available

at

Mr. Geoffrey A. Matthews,

of

VISITING CARDS.

If you wish to create

good impression use our cards

of high

Quality.

Mr. Eric B. Greeni

The EASTERN ELECTRICAL COMPANY.

20. North Rathilde

South

GERRARD SIZ-4.

FRIC

FRAY

CAMERA STUA

CENTRAL 1700.

Mr Dennis E. Spalding

Papara Makars

Jo Chonbill Grow

THE HONGKONG DAILY PRESS

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