1939-04-17 — Page 11

HONGKONG DAILY" PRESS-

Finance and Commerce

NEW INDUSTRIES FOR

SPECIAL AREAS IN BRITAIN

A big storking factory is to be built in Dowlais

(Glam.), at

one time a great iron "and steel production centre, but for the last 12 years a severely depressed area.

A new company has been formed work; in the factories 1,040 persons and named Dowlais Hosiery Mills, are employed.

Ltd. It has a capital of £70,000,

Last year the

Cumberland

of which £20,000 fin preference Development Council and the West shares will be subscribed by the Cumberland Industrial Develop- Numeld Trust for the special ment Company. Ltd.. completed areas.

and the balance of £50,000 the erection of a tannery 51.400 by the Full Fashioned Hosiery Co. square feet in area, at Milliom. An Leta

area of land amounting to 17 of Maryport, and acres, south near the harbour, has been bought to lay out with factories for new industries. Three factories, one of

the

the

on

The Treasury will provide through remaining £70,000 Special Areas Commissioner favourable terms. Further Treasury 1 promised. If any

'assistance

12,000 square feet area and two of 6,000 square feet area, have been completed. One of the smaller

LARGE CREDITS

FOR CHINA."

LONDON, April 15 (Reuter) -Negotiations are proceeding in London for the extension of large credits to China out of the increased funds of the Exports Credits Guarantee De- partment.

Nothing concrete has so far emerged and any sum, men- tioned must be regarded as purely imaginary.

ELECTRICAL PROGRESS

Value Of Research

From time to time attention the has been drawn to the valu-

FINANCE

Industrial Production Last Year

Industrial . äctivity in the United Kingdom in 1938, ns estimated from the particulars furnished fròm various sources to the Board" of Trade, was 6,4 per cent, less than la 1937, the Index numbers for the two years (based on 1930-100) being 1243 and 132.8 respec- ..tively.

U. S. Brazil New Credit Pact

new

The United States Govern- mant "has concluded "aredit pact” pledging · Brazil A potential $120,009,00€ .of. financial aid in the form of gold and commercial credits. Brazil, in turn, promised to re- store free monetary exchange, resume payments on its default- ed $375,000,000 bonds, and en- The decline of about 81 per cent. courage the co-operation of in the volume of Industrial pro-American investors and techni- ĉuction in 1938, as compared with glans in developing Brazil's 1937, followed five years of con-sources and economy. tlauous expansion, the average an- U.S. oficials predicted the fulfl- nual rate of increase in that period | ment of the mutual pledges will being about 84 per cent. There was boom Brazilian-American commerce an increase of about one per cent, and arrest the Inroads of German in the first quarter of 1933 as com-barter trade, which, in recent pared with a year earlier, and de-months, has

the threatened creases of 9, 10 and 7 per cent. | American position as the princi- respectively in the three succeeding pal supplier of Brazilian importa. quarters

The general, index for the year 1938 (1243) and also the index for

• future expansion warrants It.

The factory will be erected by factories has been let for the South Wales and Monmouth-manufacture of surgical instru-able work that is accomplish-manufacturing industries, that is shire Trading Estates. Ltd. and ments.

ed in the research and experi-

down to tiny

At Hensingham. near White: The B.T.H. research haven, a silk factory, bas been tories are quite distinct from the put up. It is to be in full swing testing departments that are in- shortly...

stalled in all the company's works and in which a certain amount of research work is

the direct supervision under of the works and designing en- gineers.

carried

out

Te-

TERMS BIGNED Terms of the argeements were set down and signed by the excluding mines and quarries, alone Secretary of State, Mr. Hull, Se- the Treasury, Mr. (129.1) were substantially identical cretary of

Morgenthau. Mr. Warren with those for the year 1938 (124.4)

Pearson, President of the and 129.1 respectively),

port-Import Bank and the Brazi- lian Foreign Minister. Aranha.

INDIVIDUAL GROUPS

a

MONDAY, APRIL 17, 1939. -PAGE 1

|PUBLIC AUCTION.

THE Undaraigned have received

instructions

TO SELL BY

PUBLIC AUCTION

ON

THURSDAY, the 20th APRIL, 1939

Commencing at 10.30 am.

At No. 10, Albion Terrace, Kowloon Dock.

A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE

On VIEW from WEDNESDAY, the 19th APRIL, 1939.

TERMS:—Cash on Delivery

LAMMERT BROS.

AUCTIONEERS.

LAMMERTS' AUCTIONS

PUBLIC AUCTION.

THE Undersigned, have received

instructions

TH

TO SELL BY

PUBLIC AUCTION®

OX

WEDNESDAY, the 19th APRIL, 1939

Commencing at 2.30 p.m.

At their Sales Room, No. 35'

Hankow Road, Kowloon.

་

A. QUANTITY OF VALUABLE

*OURIOS

Comprising:

Old Porcelain, Pottery

and

EXPUBLIC AUCTION. Bronzes, Ivory, Jade, Agate, Corne-

Instructions

to sell by

PUBLIC AUCTION

on

||

THURSDAY, the 20th APRIL, 1939

Commencing at 5.15 p.m.

At their Bales Room, No. 2 Con-

naught Road, Central,, (Room No. 205, 2nd Floor)..

leased to the operating company. Cleator MI, which had been mental departments of the large which will be given an option to standing. idle for several years, engineering works. purchase the factory on specialį was purchased, and extensive.

the Such an establishment as terms.

reconditioning. has been carried great factory of the British Thom- The development has been out. There the total area is over son-Houston Co., Ltd., at Rugby,

As regards the individual groups, On the part of the United THE Undersigned have "received made necessary by

İT steadily 100,000 square feet, of which 42.000 which extends over about 94 acres

the most important declines were States the terms provide. extraordinary increasing demand for hosiery, square feet are occupied by a firm and produces

1. Procurment by the Trea- in respect of iron and steel (21 per with which the existing works of which makes berets and another variety of products-from huge

cent.), textiles (14 per cent)sury of legislation empowering the Full Fashioned Hoslery Co.. which manufactures trimmings and turbo-generators has been unable to keep pace, small wares for clothing, upholstamp bulbs must alway's keep its each industry included in the group it to set aside $50,000,000 in gold

assets for reserve sharing in the decline-and non-

projected laboratory busy... Production is expected to start tery, motor-car bodles, etc.

Brazilian central bank, to be re- labora-ferrous metals (11 per cent.),

ten this year and 600 tocal, workers

paid out of the eight to There were smaller decreases for million dollars of gold Brazil will be required at first and nearly

leather and books and shoes (6) mines yearly. 2,000 eventually.

per cent.), engineering and ship-

2. Participation by the Export- TRADING ESTATE'S BIGGEST During 1938 the employment on

building (31 per cent.mainly due Import Bank to the limit of fifty to reduced activity in shipbuilding million dollars in the sale on five The news for Glamorgan erection, development and renova-

and electrical engineering-building to 10-year credit of locomotives. since the creation of the Govern- tlon works represented the work

materials and building (5 per cent)ralls and rolling stock, to develop ment-sided Trading

at of 200 men for six months... Estate

and chemicals, olls. etc.. (5 per Brazil's Over 120 people are engaged in Treforest, seven miles from Cardiff,

transportation, the in- Something of the scope of the cent.). The particulars' recorded for terest rate not exceeding 5 two years ago, is the announcement the three factories in operation. this month of factory extensions The number will be increased con- work and the equipment install-building and shipbuilding do not cent. yearly. which will eventually absorb 2.000 siderably as labour is trained and ed for dealing with it is set forth include buildings erected

3. Assumption by the bank of normal working attained. It is it a book that has recently been Government contract or the con- frozen obligations due American estimated that the employing published by the company.

struction of naval vessels.

companies exporting to The development will mean thej

and Naturally the work of the re-

The output of coal decreased by operating in Brazil, these to be establishment at Treforest of the capacity in normal circumstances

varles from nearly 5 per cent. On the other palid in 24 months at 3.6 per cent. biggest factory for manufactur- of these five factories is over 600. search laboratory

time to time "as new Unes are NINE THOUSAND WORKERS

hand, the provisional index forfannual interest, with the total ing aeroplane accessories on any

taken up, but it may be said that By the end of this year, it is there are five major sections of advance of about 4 per cent, and exceed $19,200.000.

KILLS Government-assisted Trading Es-

and electricity showed an outstanding, at any time, not to tate in the country.

expected that 9.000 people will be the technical work: lamps Tenders are now invited for an employed on normal production vacuum physics: electrical, acous- cent, for the food, drink and resumed payments

and there was a small increase (1) per Aranba sald detalls covering addition of 60,000 square ft. to the at the Team Valley Trading Estate tical, and Illumination

work; tobacco group-each of these con- faulted bonds will be disclosed existing

Simmonds near Gateshead. Ultimately, it is high frequency, radio and tele-stituted new records. factory of Aerocessaries (Western), Ltd. This hoped to employ 40,000 to 50,000 vision: Insulation; metallurgy and

upon his return to Rio de Janeiro. is only the first of a series of ex- people there."

chemistry. tensions which will ultimately bring the total factory area to 200,000 square ft.

workers.

Mr. O. G. Simmonds, M. P. for the Duideston division of Birming ham, and managing director of the firm, said that the extensions had been decided upon after satisfac- tory experience" of the labour available in the Treforest district.

The

. About 120 tenants are now

operating in factories owned by

FOUR FLOORS The main laboratory block At the North-East Trading "Estate. the B.TH. works is a Newcomers include the Darlington brick building with four

steel and Engineering Co., Ltd, Consolidated equipped with the necessary elec- floors Pneumatic Tool Company, and trical, air, gas, oxygen, vacuum. Double Seal Ring Company. and water services, and a full in- stallation of measuring, processing,

AIRCRAFT. IN SCOTLAND

may

Do

A building Intended for use as testing and constructional ap- He added: "South Wales people a garage, near Airdrie, Scotland, paratus. There are some to rooms with standardised" bench seem to be adaptable to-day, and which has an area of about 300,- fitted

and removable partitions very willing to tackle the problems |000 sauare feet, is to be completed units

that shortly for use as a factory for the 50

accommodation connected with new industries."

Hundreds will be employed this assembling of aircraft parts. More readily be changed.

two acres of ground

It has been, said that in are year and 2,000 or more workers than

engineering is when the plant is in full swing. available for possible extension branch electrical

of Arm

progress owns another large and it is expected that employ- there such promise

400 as in the production of light. factory on the Great North road,iment for between 300 and

While persons will be available.

big strides have been near Brentford.

Seven standard factories extend-made in the last few years, there Latest figures, show remarkable'

the Estate. Or 46 ing to 35,000 square feet have been is still a vista of unexplored and progress on factories completed, 33 are in pro-leased on the trading estate at fertile territory: it is considered duction. Tenants have been secured North Hilling, near Glasgow, in well worthwhile to concentrate for 28 other factories now being order to manufacture aircraft com-a large research effort" upon the built.

ponents. It is expected that within further exploration" of this most There are 644 men engaged on few months 350 men will be promising field. constructional and development employed..

RECORD ORDER FOR TINPLATES

Richard Thomas & Co, the big steel and tinplate com- bine, has captured a Tecord contract for Unplates. The boxes order is for 5,000,000 of tinplate, valued at £3,000,- 000, for delivery over the next five years to the American Car Company of Canada. It is belleved that the contract was secured in the face of keen competition from Ameri- can firms.

REFINED PIG-IRONS

Armstrong,

Messra. Sir W. G. Whitworth and Company

founders), Limited. Close

FOREIGNERS BUY MORE HERRINGS

Trade agreements in which the (Iron-United Kingdom secures conces- sions for herring exports have

Works.

Gateshead-on-Tyne, have Insti- been signed by nine countries.

Mr. Stanley, President of the

tuted a scheme whereby not only the chemical analysis, but also Board

of Trade, made this

the structure of all their refined announcement in the House pig-irons are strictly controlled.

All casts of cylinder pig-iron are how microscopically ed and a

examin~ microphotograph supe piled with the analysis certificate.

The method employed is to pour every

a standard test-piece, from

Commons.

of

The nine countries are: Argen- tina, Estonia, Finland, Italy, Latvia, Lithuania, Poland, Sweden, and the United States,

The agreement with the United States was, he said, too recent for cast of cylinder pig-iron made it to affect export statistics, but. for the purpose of the micro-exports to the "other eight

Although the Welsh tinplate in-scopical examination, and the increased from £716,000 in 1932 to dustry has contrived for several microphotograph issued shows the £978,000 in 1938, or 35 per cent. years to secure extensive annual tron etched and under a mazni-

orders from Canadian canning] firation of 200 diameters. interests, some apprehension was

evident recently that these con-

tracts might be lost owing to in-

11

Messrs. The English Electric Company. Limited, Stafford, have contract from the

will keep the wheels turning in received

छ

creasing Inability to compete against cheaper world production. a number of other tinplate works Electricity Supply Board, Dublin. engaged only 'on part-time pro- for mechanical and electrical The vast new plant of Messrs. duction for a long period South equipment in connection with the Richard Thomas and Co., but Wales.

hydro-electric power develop- estimated

at Ebbw Vale, at an

Another feature of the dea is ment scheme on the River Liffey. cost of £11,000,000, was design- the probabfifty. that it indicates

duction.

London:

ed mainly to meet the new chal- the abandonment or at least the Messrs. Negretti and Zambra, lenge of modern strip-m# pro-postponement of the Canadian 38, Holborn Viaduct,

project to set up extensive strip- E..I have received orders for This large contract with its mili plant which would have been dial thermometers for HM. air- promise of long-term stability of a serious threat to Welsh tinplate cruft carrier. Ark Royal, HM output, will go a long way towards | production.

battleships King George V, Queen Justifying the bold enterprise. of More than 30,000 workers are Elizabeth, Prince of Wales, and Bir William Firth and his asso- engaged in the Welsh tinplates Renown and numerous cruisers, ciates. Apart from bringing grist and associated Industries when destroyers, submarines and other to the costly new mills, the order working at full capacity/::/ vessels for H.M." Navy, :

under

Mr Howard. Harding.

The Million

Fer

.

A VALUABLE COLLECTION OF

POSTAGE STAMPS

on the de-

On VIEW from WEDNESDAY, the 19 APRIL, 1939.

Terms: Cash on Delivery.

» LAMMERT BROS..

AUCTIONEERS.

...

Engraving is the hall mark

Mr J. Cartwright.

48. Bartage Roast

Bowes Parks

In these we Specialise

Samples available

at

Mr. Geoffrey A. Matthews.

76. Mayfair.

of

VISITING CARDS.

If you wish to create good impression

а

use our cards

of high

Quality.

M. Eric B. Green.

80. North Road.

Fouth Shields

The EASTERN ELECTRICAL, COMPANY,

GERRARD 2174.

FRIC GRAY.

PHOKE CENTRAL 1788.

"CAMERA STUDIES.

3.

Mr Dennis & Spalding

Mr.

K. Lent & Cox Lids Paper Maker

Подар

10. Twoshill Row.

London 8.0.1.

Telephona

London, MA.

Graevenor 830

THE HONGKONG DAILY PRESS

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

lian, Amber, Crystal and Quartz Ornaments, Chinese Hand Paint- ings, Pictures, Embroidery, Carved Lacquer Screens and Table Screens," etc., etc.

On VIEW from TUESDAY, the 18th APRIL, 1939.

TERMS:-Cash on Delivery.

LAMMERT BROS..

· AUCTIONEERS.

PUBLIC AUCTION.

THE

HE Undersigned have received

instructions

to sell, by

PUBLIC AUCTION

FRIDAY, the 21st APRIL, 1939.

Commencing at 2.30 p.m.

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

Ground Floor.

A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE,

Comprising:-

Iron Bedsteads, Divans, Ward- robes, Dressing Tables, Chests of Drawers, Sideboards, Dining Tables, Canvas Folding Chairs, Chesterfeld Suites, Hatstands, Desks, Typewriter Tables, Book- cases, Filing and Glass Cabinets, Fenders and Fire Brasses, Orna- ments, Pictures, Oil Paintings, Car-- pets, Rugs, Runners, Mosquito Nets, Wardrobe and Cabi Trunks, Cabinet Gramophone and Records, Electric Ceiling and Table Pans, E. P. Brass, Lacquer, Glass and Porcelain Ware, Cameras, Bino- culara, Tea Sets, Cooking Utensils, etc. etc.

also

A SELECTION OF BLACKWOOD

FURNITURE

Comprising:-

Joss Table. Teapoys, Desks, Chairs, Tables, Standard. Lamps,

| Lying Chairs, Fire Screens Piano

and Opium Stools, etc., etc.,

and

1 "R. C. A. Victor Radio Bet

1 All Wave *Howard"

Gramophone

1 "Remington” Typewriter

1 Burf Board....

2 Canvas Canoes

1 Teakwood Bed Room Buite

Radio

1 Teakwood Dining Room Bufte:

6 Volumes "International Ency

clopaedia of Burgery.

On VIEW from THURSDAY,

the 20th APRIL, 1939.

LAMMERT BROS.

AUCTIONEERE