1939-05-05 — Page 11

HONGKONG DAILY PRESS

Finance and Commerce

American Public Told Of Yunnan-Burma Highway

+

CHUNGKING, May 4 (Central)-The Yunnan-Burma high- way was described to the American publie in a radio broadcast made from Chungking by Dr. Francis K. Pan, Director of the General Affairs Department of the Ministry of Communica→ tions, recently. Dr. Pan said, in part: Attention has been directed lately to the three International highways In the Northwest and Southwest of China. First is the Lanchow-Hami- Tihua and the Soviet Border highway with a distance of 730 miles.

Then in the south, the Kwellin-Nanning Indo-Chins Border `highway with a distance of 470 miles.

11

road

The third highway, to which my; still being kept up. in the hope "subsequent narrative will be de- tha even during the rainy season, voted, is the Yunnan-Burma high now fast approaching, the way. running from Kunming via may still be used for transporta- Tstangyben and Faoshan to An- tion. ting. Where the highway" branches

con-

SZE HAI TONG

FINANCE

H. K. STOCK

EXCHANGE

411

Prices to-day showed signs of improvement coupled with a slight- 1y better turnover. Sellers are holding aloof and, until there is

BANK MEETING more of an advance in prices,

The annual general meeting of shareholders of the Sze Hai Tong Banking and Insurance Company Limited, was held at the Hai Tong Bank Buliding. Singapore, recently,

Mr. Lee Wee Nam (chairman) presided and others present were Messrs. Nah Slam Tong, Chin Hean, Tan Chin Tat, Koh Boh Chua, Goh Yong Joo and Chong Thutt Pitt (directors) Elo Ngian Boon, Tan Biak Kew and Koh Thong Tow (shareholders).

After the minutes of the last meeting were read and confirmed. directors report and accounts for the chairman moved that the

the year under review be adopted and passed. Mr. Elo Nglan Boon seconded and Mr. Koh Thong Tow supported the motion which was carried unanimously.

Among the most difficult pro- to the north to Bramo on the blems connected with the Irrawaddy River to Anting is 610 struction of this highway may be miles, that from Anting to Lashio, mentioned the difficulties of labour 116 miles, and that from Anting supply and of engineering: to Bhamo 110 miles. Both sec- To cover the entire highway tions are in Burmese, territory. takes five days. One goes over Direct communications are avail- 289 bridges. which have

The chairman then moved as 1 load able from Lashio and Bhama to capacity from 16 to 15 tons, and per cent. $200,000; to transfer to follows: To pay a dividend of 10 Rangoon, the capital of Burma. 1959 culverts. The roadbed has reserve against contingencies $50.

It is very interesting to observe a surface of nine to 16 feet, 2000; to pay directors' fees $7,200: how friendly Powers have shared maximum grade of eight per cent to pay bonus to staff $5.494: to and shared so well in their sup- and a minimum curve radius of transfer to casualty fund $886 and port of communications with 50 feet. The highest elevation to carry forward to next account China. Great Britain through reached is 8,520 feet above sea Burma.France.

$88,600. through Indo-level at about 60 miles from China and Soviet Russia" have Hsiakwan, a city 257 miles from

Mr. Tan Slak Rey seconded and held their doors open for a friend-Kunming. The initial coast

Mr. Elo Ngian Boon supported the ly neighbour who 18 in trouble construction was

motion which was around Ave to

carried and in need. A great deal therefore six million dollars, Chinese

unanimously. Cur- is expected of the United States.rency. A sum of over $10,000,000 whose long helpful hands can has been added to cover expenses Joo and seconded by Mr. Tan reach across the Pacific.

for Improvement, equipment and Chin Hean, the retiring director

01 the numerous assistances operation. which America is able to render. outstanding is her technique in

MUCH TO BE DONE

new in

of

On the motion of Mr. Goh Yong

Mr, Ton Yeow Thua was re- elected.

..On the motion of Mr. Elo Ngian Boon and seconded by Mr. Tan

respect to highway construction. The highway is very long reputed to be the best indeed. Much is yet to be done. Chin Tiat, the retiring director Mr. the world. I am happy to say Trees have to

be planted. side Chong Thutt Pitt was re-elected. that a good start has already been roads to be added to the scenic On the motion of Mr. Ein Ngian made by the American Govern-spots, and chain of service Boon and seconded by Mr. Goh ment in the approval of

houses and hotels Yong A 25 stations, rest

Joo. Messrs. Gattey & million dollar "credit o China. must be established. Fleets of Bateman, Messrs. Donaldson' & part of which will be for the im-trucks, trallers and cars-thou- Lowden and Messrs. Percy Smith. provement of transportation" fact- sands of them are needed to ac- Seth & Fleming were reappointed lities and a sizable portion of commodate the eyer increasing auditors of the Head Office. Bang- which will be allotted to the Yun traffic of passengers and freight. kok Office and Hongkong Office nan-Burma highway.

Many more millions of dollars respectively.

SCENIC BEAUTY The Yunnan-Burma highway, like many of the American trans continental highways. is marked

will find useful employment all A vote of thanks to the chair- along the highway, where there man terminated the meeting. are populcus cities trading posts and even rich mineral resources

of vision

יו..

CANTON INSURANCE

DIVIDENDS

by scenic beauty as it climbs worthy of exploitation. It would dizzying mountains and Crosses interest. enterpreneurs picturesque rivers. The construc- to link their fortunes with the tion was begun in August, 1937. growth of new China. Here is

The General Agents and Consult- by the Provincial Government a clearly defined opportunity for of Yunnan. By the winter months economic investment and

|ing Committee of The Canton In- peace- of last year

susance Office, Ltd. will at the and with funds ful pursuit of life.

forthcoming meeting of share- granted by the Central Govern- China at present, as she has holders to be held on Thursday, ment, many sections of the high-in the past, consistently welcomed May 18, recommend the payment way were already accessible to foreign co-operation and shall of a final dividend for 1937 of $8.00 continue to adhere to the policy per share, and the transfer of the Not until recently, however, were in spite of all troubles. Because balance of $261,762.43 to Under- finishing touches added such as she is confident of her "ultimate writing Suspense Account. the necessary surfacing and victory and of a glorious future, They will further recommend strenghtening of roadbeds and China invites you to visit the that an Interim dividend of $5,00 bridges, thus bringing the entire Yunnan-Burma highway, a monu- per share be paid in respect of 1838, highway up to war requirements: ment of new faith and undying and that the balance of $1,924,826.- However, improvement work is courage!

54 be carried forward."

traffic.

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Tr 30261,

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BUYERS

Hongkong Bank, $1370. Canton Ins., $220. Union Ins., $÷40. Douglises, $67.--

HK, and K. Wharves, $100. HK, Docks, $16). Providents. $. 17

H. and S. Hotels, $51. HK. Lands. $321. HK. Realties, $4. HK. Tramwaya, $16.20. Star Ferries, $65. China Lights (O), $8.20. China Lights (N), $5. H.K. Electrics, $54. Macao Electrics, $164. Telephones (0), $21. Canton Tees, $1. Dairy Farms Ex Rts. $201. Entertainments. 561. Vipro Piling. "$73.

"

HK. Govt, 4% Loan 31% prem.. HK Govt. 3% Loan par. Marsinan's Inv. (HK), 47-,,

SELLERS

Hongkong Bank. $1370. Union Ins., $445. China Lights (N), $6.45.

SALES

Hongkong Bank, $1362; 70. H.K. Docks, $15.60. HK. Tramways, 316.15. China Lights (0), 58.30. « Dairy Farms Ex Rts, $20), Dairy Farms Rts., $144. Marsmans Inv, (HK) 4/34. Vibro Piling, $73.

PHILIPPINE GOLD MIXING QUOTATIONS

Antamoks Baguio Gold Coco Grove

Demonstrations

I, X. L...

San Mauricio

Cent&vas

31A

24

321

131

52

99

United Paracale

58

PHILLIPPINE MINING. QUOTATIONS

Thursday, May 4,"1939.

Centavos

Antioks~-

31

24

Coco Grove. Consol. Mines

321

00.25

Demonstrations

131

1. X. L............ San Mauricio

52

99

United Paracale

58

Bagulo Gold

Market Comment-Quiet.

HONGKONG

SHAREBROKERS"

ASSOCIATION

Volume of Business Transacted on Thursday, May 4, 1939.

1-$1,370,00 85.50 7.75

HK. Banks

Star Ferries

Vibro Piling

100 500

A THOROUGHLY CONVINCING TEST

One of the most strenuous tests ever devised for motor cycles was successfully concluded Britain recently.

Im

Officials of the Auto-Cycle Union picked two standard Triumph motor cycles, a Speed Twin and a Tiger 100, at random from agents' stocks. The machines

Coventry were taken ・ to

and "without attention of any kind, were then ridden to ‘John O'Groats, back to Land's End and so to Brooklands track, being under A. C. U observation throughout. ...

The road section of about 1900 miles Was completed at B】 average speed of nearly 43`m.p.h.. 'although all 30 m.p.b., limits were carefully observed,

Al Brooklands, equipped with silencers, lighting sets and in full, touring trim, the machines set of for 6 hours at high speeds. Des- pite strong winds, they covered 450 and 471 miles respectively at average speeds of 75 m.p.h. for the Speed Twin and 784 m.p.h, for the Tiger 100. Immediately. after- wards each of them did a further lap of the track at 88 m.ph.

After the Brooklands tests, the machines were ridden, still under. "Observation, to the Triumph fac- tory af Coventry, where the engines were dismantled. In spite of the gruelling nature of the test, there was no trace of wear in any of the working parts. In the words of "The Motor Cycle seldom, it ever, has there been a more aruel- ling and convincing oficial test.

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