1939-04-19 — Page 11

HONGKONG DAILY PRESS

Finance and

Commerce

WORK OF FOREIGN TRADE

COMMISSION

ACHTUNGKING, APRIL 18 (CENTRAL)—THE FOREIGN TRADE COMMISSION OF THE CHINESE GOVERNMENT, ESTABLISH- ED SHORTLY AFTER THE START OF THE WAR IN SHANG- HAI, was mainly instrumental in making China's trade into a favourable one

after 21 months

Com

balance of of hostilities accomplished by continuously supplying This was modities to the world market and by efficiently exercising con- trol over foreign exchange.

[RURAL WELFARE

AT SHUMCHUN

FINANCE

CHINA RESORTS TO BARTER...... PRODUCTS FOR WAR NEEDS

M

WEDNESDAY, APRIL 19, 1939. -PAGE 11'

PUBLIC AUCTION.

THE Undersigned have received LAMMERTS' AUCTIONS

instructions

TO SELL BY

PUBLIC AUCTION.

ON

*

At No. 10, Albion Terrace, Kowloon Dock,

War' has forced. China to resort to her age-old system of- foreign trade, that of trading her goods for whatever she needs on a purely barter basis. Since the Lukouchlao outbreak, she has concluded a number of barter agreements with Great Britain, the United States, Soviet Russia, Germany and other countries. These agreements were mainly responsible for converting China's Five hundred pounds of international balance of trade into a favourable one 'at the end.. seeds for sowing have been

of 1938. received by the Shumchun

Established shortly after the, exports was placed by the Com- | THURSDAY, the 20th APRIL, 1939 Rural Welfare centre from

start of the war in Shanghai, the mission at $91,122,339 (Chinese

Commencing at 10.30 am. donory in Honolulu, through

Foreign Trade Commission of the currency), of which an equivalent Professor Richard Lam, of

Chinese

in Government was mainly of $54,770,493 was term of Lingnan University.

$2,242,118 in Instrumental in turning the trade Hongkong dollars. According, to, "reports from the

balance in China's favour after 21U.S. dollars, $1,548,891 In pounds field staff, more than 70 per cent months of hostilities. This was sterling and the rest in terms of of the rice lands have been plough-accomplished by continuously sup-French francs, German marks. Up to Mar. 15, 1939, the amount Hunan black were exported ed and rice seeds have been sown.

plying commodities to the world Dutch gulders, Singapore dollars. of foreign exchange derived from last year as a result of 2 loan Sumclent seeds ware obtained by

market and by efficiently exercis- Philippine pesos and French Indo- exports was placed by the Com-contracted between the commission the work of intensive mobilisa-

ing control of foreign exchange. China plastres. mission at $91,124,339 (Chinese and the Hunan Provincial Gov-tion of the resources of the pea-

HUNAN "BLACK TEA currency), of which an equivalent ment in April, 1938; while another sants. At the fast meeting of the Up to March 15, 1939, the amount

A total of 50,000 boxes of Human of $54.770,493 Was in terms of loan amounting to $3,500,000 was Executive Committee held on Wed.

black tea were exported last year Hongkong dollars" $2,242,418 in responsible for exporting 118.000 nesday 12th inst the sum or

as a result of a loan contracted pounds sterling and the rest in boxes of black tea from Kiangal$1,000 was allotted to the Farmers"

between the Commission and the terms of French francs, German and Antwel provinces.

Credit Co-operative, recently form-

Hunan Provincial Government in marks, Dutch guilders: Singapore

Additionally, the Commission hased at Tsai Yuk Wal for the pur- dollars. Philippine pesus and

purchased 50,000 boxes of green chase of fertillsér,

amounting to $3,500,000 was res- French Indo-China plastres.

To stimulate foreign trade, the Commission has taken "two BKAC..

JM

ten

of foreign exchange derived from

·

A QUANTITY. OF VALUABLE HOUSEHOLD EURNITURK

also

".

"

A Few Pieces of Blackwood Furniture

and

One Barograph

On VIEW from WEDNESDAY," the 19th APRIL, 1930.

·TERMB:--Cash on Delivery

LAMMERT BROS.

AUCTIONEERS.

PUBLIC AUCTION.

THE Undersigned have received.

instructions

J TO SELL BY

PUBLIC AUCTION

ON

WEDNESDAY, the 19th APRIL, 1939

Commencing at 2.30 p.m.

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

A QUANTITY OF VALUABLE CURIOS

Comprising:-

Old Porcelain, Pottery and Bronzes, Ivory, Jade, Agate, Corne-

boxes of green tea PUBLIC AUCTION.llan, Amber. Crystal and Quarts

U. K. IMPORTS AND EXPORTS April, 1938; while another loan tea trom the Klangs-Anhwel · re- The Educational Department LONDON. April 18 (BWS)-ponsible for exporting 118,000 boxes gions and another 80,000 boxes of the Centre reports that 4 ~ ad- | United Kingdom exports in March or black set from Klangsi and of green tea from Cheklang. Anditional schools have been open were valued at €41,634,577, com-Ankwe! provinces. Additionally." tive steps. First, it gives financial. agreement concerning the pro-ed. Upon the petition of thepared with £42,155,373 a year ago. the Commission has purchased assistance to commercial Armaduction and sale of Chektang tea elders of the villages, 350.00 worth❘ Imports amounted to £77,976,374, 50,000 boxes of green tes from such as guaranteeing loans, paying was signed between the Commis- of school books have been sent to against £84,853.649 and re-exports Klangsi-Annwel regions and an- war risk insurance premiums and slon and the provincial recon- the schools. These books will be

to £4.923,288, against £5,453,289. other 60,000 advancing transportation. charges struction bureau

Figures for Arst quarter of year from Cheklang. whereby the sold to the students through the

were imports £218,543.318-a de

Among dozen commodities crease of £28,741,727 on the same that are being handled by the tea- which the students are members.

period of last year and of £11.399.-Commission, wood-oli and slik re- re-

FIELD STAFF

275 on the same period of 1937.

ceive special attention. With the Exports £119,129,085-a decrease of £1.740.854 on last year and of

assistance from government organs and business agencies. the Com- £1,991,531 on 1937. Re-exports

14.284,858-a decrease of £1.507.- mission is endeavouring to buy the 531 on last year and of £4,468,177 entire national output of wood-all on 1937,

for this year to supply the world The fall of £1,740,854 in exports market. Besides, it is also plan- for first quarter compared with ning to buy more raw silk for ex-

The work of the Commis- sion, which is being carried ont on 2 nationwide scale, may be best illustrated in its dealings with tea.

MHE Undersigned have received

instructions

THE

to sell by..

PUBLIC AUCTION

DE

Secondly, it fixes and readjusts former may grant loans to the Co-operatives of the Schools of local price levels to such a point various tea-producing and as to induce trade with foreign manufacturing districts upon countries.

commendation from the latter.

There are now twenty feld Many other commodities are sta members at work of whom | being handled by the Commission. | four are agricultural experts un- among them being oil and all der the leadership" of Mr. Chen With the assistance of government Kwok On. Mr. James Orr has ap- organs and business agencies, theplied for leave of absence after To promote the production of Commission is endeavouring to buy three months arduous work dur- tes and to provide the facilities the entire national output of wood-ing which there were three periods for its exportation, the Commis-oil" for this year to supply the of alarm. Mr. Orr has been 'grant- the same period last year was Dort from the Szechuen Silk Cor- THURSDAY, the 20th APRIL, 1939 sion has signed a number of con-world market. Besides, it is also ed a month leave of absence, The entirely accounted for by manu-poration in Chungking, now the tracts with the provincial govern-planning to buy more raw silk for Secretury General of the Fieldfactured goods, for which there new

centre of thais Important ments with a view to a partner- export from the ',Szechwan Silk Staf, of which Mr. Percy Chen is

was a decline. of £2,313,741, offset Chinese industry. ship basis. Over 50,000 boxes of Corporation in Chungking.

the Director, is now Mr. Chu Ka by an increase in food, drink and Chee, graduate of Chungshan Uni-tobacco. versity and one of the original The largest single item of de- volunteers who came forward to crease was tron and steel and work at Shumchun.

manufactures thereof-£2,959,674, and next came cotton yarns and manufacturca £1,585,373, Coal

H. K. STOCK EXCHANGE

HONGKONG

SHAREBROKERS'

ASSOCIATION

A somewhat better tone was Volume of Business Transacted evinced the market during the

On Tuesday April 18, 1939. day, coupled with rather more en-

H.K. Banks. 3 $1,360.00 quiries, though it is quite apparent

Telephones (0) 500 21.50. Buyers are adopting bargain hunt-

Telephones (N) 450

1.00 er tactics. Holders are not display-

| Lands

81

32.00 ing undue anxiety to satisfy Buyers,

Realties resulting in the volume of business

China being restricted.

(0) China Lights

INI

BUYERS

Hongkong Bank, $1355,

Union Ins.. $465.

H.K. Dorks $15.

• Providents, $4.

HK Lands. $32.

HK Realt'es, $31.

H.K. Tramways, $15,80,

H.K. Electrics, $53.

Canton Ices, $1.

Entertainments,' $6,40.

Vibro Piling. $61.

H.K. Govt. 46 Loan 33 prem.

SELLEKS

B.K. Realties. $4.

Marsmans (HK), $5/-

SALES

Hongkong Bank," $1360.

Union Ins., $460. H.K. Docks, $15. Providents, $4.

H.K. & S. Hotels, $5.

H.K. Lands, $32.

Vibro, Piling, $7.

H.K. Realties: $4.

Peak Trams (0), $7.

H.K. Govt. 31. Lean Par.

PHILIPPINE GOLD MINING

QUOTATIONS

Antamales

Centavos

32

291

23

100

4.00

Lights

:170

7.80

7.70

24 2,000 Surigao Consol. 10,000

Itogons

All interested in the work of the Centre may obtain a free copy of

the first bulletin of activities from the Hon. Sec.. Mr. K.S: Lo. from the offices of the Hongkong Dally Press. Marina House. the kiosk of the Hongkong. Travel Association. Star Ferry,

OVER 31,000 CARS IN THREE MONTHS

Ps. 0.22 Record Production At

Ps. 0.20

Consol, Mines 250,000 Ps.0.0025

PHILIPPINE GOLD MINING

QUUTATIONS

Tuesday, April 18, 1939.

Antamoks

Atoks

Bagulo Gold

Benguet Consol.

Cóco Grove

Consol Mines Demonstrations Itogons

San Mauricio Suyoe Conso).

United Paracale

North Camarinės

Morris Factory

It was officially announced re- rently by the directors of Morris Motors of Oxford, England, that more than 31,000 cars had been delivered during the first three months of this year. In March alone, no fewer than 12,349 models 11.20 left the factory.

Centarcs

32 291 23

Market Comment-Quiet,

FINNISH TRADE

MİSSION TO U‚K.

32

32} 221

Both these figures constitute 0025 delivery records for the Company, and are the results of the constant stream of orders which has been 1,76 flowing into the factory each week

since the beginning of the season.

Actually, orders for all Morris models during the last six months are 44 per cent, higher than during the corresponding period of last year.

151

59

45

The export side of the Morris organization, which is controlled by

| Morris Industries Exports, also re- LONDON, April 18 (BWS)-The borts increased business as coni- Trade Delegation from Finland |pared with last year's figures. This arrived in London yesterday for a seen by the fact that orders fe- stay of about a fortnight, in the corded by this. Company for Morris course of which they will have cars by the end of the first twelve 11.20 discussions with British industrial-weeks of 1939 were 50 per cent. ists and will pay visits to many higher than at the corresponding big. Industrial centres in the pro-date of last year. vinces.

Atoks .....

Baguio Gold ....................

Benguet Consolidated

Coco Grove

32

Demonstrations

12/

Itogons

22)

North Camarines

45

San Mauricio

1.76

Buy oc

164

59

don Chamber of Commerce.

United Paracales

JAPAN'S CREDIT

NEEDS ALL HELP

IT CAN GET

Export dellvertes for the month

The Delegation, was entertained of March for Morris cars alone were to luncheon in the city by the 2,535 units which constitutes, a new. Anglo-Finnish Section of the Lon-high record in the history of the

Company.

Speaking at the lunch, Mr. R..S.

Hudson, Secretary of the Depart MINIATURE

ment of Overseas Trade, referred CUTLERY

to his recent visit to Finland and

said that the welcome he received A perfect miniature canteen of there he took to be a token of the cutlery containing 50 pieces which LONDON, April 18 (Reuter) very friendly feelings which the together weigh less than an ounce, The Yokohama Epecte Bank an-Finnish people entertained for the and are made of stainless steel nounce the repayment on May 1

United Kingdom.

of the City of Osaka 5 per cent. bonds maturing on that date..

He gave an assurance that the The "News Chronicle," which is British Government would follow, the only commentator, says that with the closest attention, the due repayment may help Japan's talks which the Delegation would crédit, which, at present, needs all have while in Great Britain. the help it can get.

U.S. RECONSTRUCTION

LOAN INTEREST.

NEW YORK, April 18 (Reuter)-

CANADIAN OIL FOR BRITAIN

exactly to scale, has been made in the. Jelsure moments of the director of a Shemeld firm of table knife grinders,

showed a fall of £409,708, although there was increase of £959,876 compared with 1937.

goods

Among manufactured which showed an increase was vehicles, including locomotives. ships and aircraft-a rise of £2,941,147 against the Arst 3 months of 1938.

The wood cabinet, perfectly car- ved in Queen Anne style, is 4-ins. high, 3 ins."wide, and 3 ins. from back to front, and holds knives under 1 in. long, forks with Izair- thin prongs, a salt spoon that would hold hardly more than two or three grains, and sugar tongs which

LONDON, April 18 (T/Ocean)--would only pick up about one The Reconstruction Finance Cor-England is about to secure for her grain of sugar at a te. poration has reduced the interest defence forces Increased supplies rate on loans to business men to of mineral oil from Canada. four per cent

During the past 11 years, 20,936

„A delegation of Canadian miner new houses have been erected in The reduction, retrospective to at all experts arrived in Liverpool Newcastle-upon-Tyne-12,883 by April 1, is believed to be part of from Canada yesterday to confer private enterprise and 8,053 by the Government's business re- with the representatives of the the municipality. The grand total covery programme. The previous British War and other Ministries of new houses built in 1838 was

[about] Kie: deliveries. rate was five per cent.

2,307.

"NIKS"

Mr Howard Hording.

The Willows

Malden.

A Guaranteed Cure

For Hong Kong Foo,

MASEL

Commencing at 5.15 p.m.

At their Sales Room, No, 2 Con- naught Road, Central, (Room No. 205,"2nd Floor).

A VALUABLE COLLECTION OF POSTAGE STAMPS

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

Terms: Cash on Delivery.

LAMMERT BROS.

AUCTIONEERS,

Engraving is the hall mark

Mr.

J. Cartwright,

18. Ellert Roch hitt.

In these we Specialise

Samples available

at

Mr Geoffring A. Matthews,

of

VISITING CARDS.

If you wish to create

a

good

use

impression our cards of high

Quality.

M. Gric B. Grien.

Fouthe Thields

The EASTERN ELECTRICAL COMPANY.

SERRAND 2174.

Ornaments. Chinese Hand Paint » ings, Pictures, Embroidery, Carved Lacquer Screens and Table Screenia etc. etc.

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

TERMS:-Cash on Delivery.

LAMMERT BROS..

AUCTIONEERS,

PUBLIC AUCTION.

Undersigned have received instructions

to all by

PUBLIC AUCTION

1

FRIDAY, the 21st APRIL, 1939

Commencing at 2.30 pm.

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, Chesterfield Suites, Estatarida 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 Cabin Trunks, Cabinet Gramophone and Records, Electric Celling and Table Fans, E. P., Brass, Lacquer, Glass and Porcelain Ware, Cameras, Bino- culars, Tea Sets, Cooking Uténgila, etc., etc.

ERIC GRAY

PHONE CENTRAL, 1768.

CAMERA STUDIES.

also

A SELECTION OF BLACKWOOD

FURNITURE

· Comprising:-

Joss

Table, Texpoys, Deska Chairs, Tables, Standard Lamps. Lying Chairs, Fire Screens: Piano, and Oplum Stoola, etc., etc.

and

Radio

(PERT STREET, W..

1 "R. C. A. Victor" Radio Bet [1-All ..Wave ". “Howard"

Gramophone

1. "Remington" Typewriter

1.Buri Board.

2. Canvas Canoes

1 Teakwood Bed Room Buité

1 Teakwood Dining Room Buite

6 Volames "International Ency

clopaedia of Burgery,

Mr. Dennis & Spalding

George R., Dent & Co. Li

London X,C.2.

THE HONGKONG DAILY PRESS

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

-On VIEW from THURSDAY,

the 20th APRIL, 1939.

LAMMERT BROS.