HONGKONG DAILY PRESS
Finance and Commerce
BETTER EQUIPPED THAN
EVER BEFORE
H. K. STOCK
EXCHANGE
We had a firm market with buy- era for most of the popular stocks. Sales were reported in Banks from
Meeting Of Indo-China Steam 383,1400, Doc's at 518. Lights
Navigation Company
The times are too difficult to attempt to prophesy as to the future. I can only tell you that after our long experience in China, we are still confident that ways and means to trade will be found and I can assure you, gentlemen, that we are to-day better equipped than ever before to give our supporters that ser- vice we aim at on the Coast," remarked Mr. I. F. Landale, Director of the Indo-China Steam Navigation." Company, Ltd.. when he presided at the annual meeting of the company held' yesterday.
11
,
.. Among those present were Mr. S., of the Imperial Shipping Commit T. Williamson, Mr. H. V. Wilkinson, tee on "British Shipping in the The Hon. Mr. M. Ki Lo (Directors) Orient." This Committee has gone' and 11 shareholders.
very deeply into the difficulties CHAIRMAN'S SPEECH
confronting Companies such as the meeting, Mr. vurs and has made a strong case for "Government. assistance. How much help we can expect or what (orm it will take I cannot say at present, but the matter is being enquired int.....
Addressing
Landale said, in part:---
Our coasters maintained a re- gular service calling at all open China Coast Ports during the year. This service was later ex- tended to Haiphong on the fall of Canton.
Trade un the Coast throughout the year has been fraught with difficulties nearly all the ports up) and down the Coast came into the zone of hostilities which brought with them innumerable restrictions both on shipping and the move- ment of cargo generally. The volume was consequently far below normal but, as considerable ton- nage withdrew from the Coast as
For many years we have had to face competitors in receipt of Government subsidies and other assistance and as this competition is expected to be intensified in future we can only hope that we will be given such assistance as will enable us to compete on level terms. Not unconnected with this.fs the fact. that British shipping in the Far East has to contend with a more stringent application of cer-
a result of hostilities. there was tain International regulations than enough cargo to keep ships that are applied to our Foreign competi remained employed. Our new tors. ships with their better passenger accommodation proved most popu-
IAT.
It is needless for me to enlarge on the situation on the Yangtze. The developments leading up to the complete closure have been front page news. I feel, however, that I ought to stress that we have a valuable feet and floating pro- perty together with a large num ber of personnel based on the Yangtsze which to-day are eaming little or no freight. “
UNSATISFACTORY SITUATION ·
The situation is most un satisfactory, but I regret to say I see no prospect of a setue- ment in the near future. We are most grateful for the sym- pathetic assistance we have res celved from H.B.M.'s Enibas- sies' Oficials both in China and Japan, and we can only. hope that in time their efforts on our behalf will bear fruit.
The times are too"difficult to attempt to prophesy as to the future. I can only tell you that after our long experience In China, we are still confident that ways and means to trade will be found and I can assure you, gentlemen, that we to-day better equipped than over before to give our supper. ters that service we aim at en the Coast.
аге
LEGITIMATE TRADE Negotiations between the Japan- use Government and, the Powers concerned for re-opening of the Yangtze and Pearl Rivers to for- eign shipping are still being con-
O at $8.60. Cements at $13.10. and Electrics" at $56. - BUYRES
HK, Bank, 31385. HK. Fires Ins., $180, Douglases, $67.
H.K. Wharves, $107. HK. Docks, $17.90. Providents, $4 70..
H. & S. Hotels, $5.85. H.K. Lands, 3351. Humphreys, 57.90. H.K. Reaties, $4.40. IK. Tramways, $16.53. Star Ferries, 3661
China Lights (0), $81. China Lights (N), $5.40, H.K. Electrics, $552. Sandakan Lights, $11.90. Telephones (N), $7.60. Canton Ices, $1. Cements, $12.95. H.K. Ropes, $3.65. Dalry Farms Ex. Rts.. $214. Dairy Farms Rts., $15. Watsons, $7.90, Wing On (HK), $41. Entertainments, $6). Constructions, $1.30.
HK, Govt. 4% loan 4% pm. H.K. Gort. 3% loan par.
SELLERS
HK Bank. $1400. HK. Steamboats, $16 Telephones (0), $234. Watsons, $8.
SALER
H.K. Bank, $1385/1400. H.K. Docks, SIB.
China Lights (0), $8.60/.55 H.K. Electrics, $58.
Cements, $13.10.
PHILIPPINE GOLD MINING QUOTATIONS
Antamat Atoks
Coco Grove Demonstration.
FINANCE
FRIDAY, MAY 26, 1939. --PAGE 11!
Genuine Peotch PUBLIC AUCTION LAMMERTS' AUCTIONS
WAY SCOTCH WHIS
"White Label"
DEWAR'S SUPERIOR WHISKY
BOLE AGENTS:
A. 8. WATSON & CO., LIMITED.
WINE DEPT.
142 PREMIERS PRIX
MOVADO
ACVATIC
TEL 20616.
Leading the World
in
Watch Value
1.
obtainable from all leading Stores in Victoria & Kowloon,
Bole Agents-CHINESE TRADING CO. Bank of kast Asia Bldg. 4th Floor.
Use
Centavos
"........ 24
Bagulo Gold
Beguet Consulidated
241 11.60
363
13
54
San Mauricio
1.08
United Paracale
55
Itogon
29"
North Camarines
361
NO MORE
WASTE GUESSWORK
OBTAINABLE AT
I. X. L
OTHER BUSINESS
The appointment of Mr. H. V.
ducted and being sub-judice, as It were, I prefer to say no more than Wilkinson and the Hon. Mr. M. K. to express a hope that these water- La as directors was confirmed and ways will soon be opened again to Mr. S. T. Williamson was re-elected legitimate trade.
*a 'director.
THE ACCOUNTS “ Turning to the statement
in times such as these the Direc-accounts tors and General Managers re-notice that cognise that the Floating Staff Dave Steamers' ·
of
before you, you will the net balance of Working.. Account
-shouldered heavy responsiblities amounts to £288.343.7.86. which is snd we are most appreciative of the some £17,500 better than the loyal support and assistance we previous year. In view of the have received throughout the very political tension in Europe, with trying conditions that have at its possible reactions in the Far times existed on the Coast and in East, together with the gradual the River.
closing of the China Coast to The Directors and General trade both physically and nan- Managers must also record their clally, and the situation on the grateful thanks for the great assis-Yangtze, your Directors feel they "tance and co-operation of the cannot prudently recommend the Royal Navy. These sentiments payment, of more than the Prefer- have been expressed so often from ence Dividend for 1926." "this Chat as to become almost They also recommend the.trans- commonplace, but I hasten to as-fer to General Reserve of £70,600, sure you that without their help bringing this Reserve to £200.000, our problems, although difficult of and the transfer of £10,000 to solution, would have been many Special Repairs and Renewals, and times more so. We are constantly to carry forward a balance of appealing for their help and it is £20,031.14.00. The Directors have always readily given. This is again waived their fees amount- hardly the time or the place to going to £1,500 into details, but we stand heavily this money will not be held in per annum. and
in their debt.
A STRONG CASE
re
You have no doubt seen ferences in the Press to the report
suspense.
SIR ROBERT ƉO TUNG I cannot close my remarks with- jout making special reference to the resignation from the Board of
ADVERTISEMENT Sir Robert Ho Tung for reasons of
PUBLIC AUCTION
health, Sir Robert has served the Company as a Director ever since 1916 and his great experience and sound advice will be sadly missed. I would like to thank him most THE
THE undersigned have received sincerely for his valuable services.
instructions
to sell on
TUESDAY, the 30th MAY, 1939
Commencing at 11 am..
In Godown No. 51 of the Hong Kong & Kowloon Wharf & Godown Co., Ltd., Kowloon.
and am sure you will join me in wishing him many years of good health and happiness in his re- tirement
a
I now propose that the report and statement" of accounts as presented be adopted," that Dividend of 6/5 per share on the Cumulative Preferred Ordinary Shares for the year 1926 be pald, that £70,000 be transferred to General Reserve, that £10,000 be transferred to Reserve for Special Repairs and Renewals, that the sum of £20.051:14.04. be carried. For further particulars &c, ap-to next year's account and that the dividend on shares on the |Hongkong Register, be paid at the rate of 1/2 7/8 per dollar, being the T/T rate of exchange on De cember 31. 1938. PARA
115 Bales New Gunny Bags"
Terms: Cash on Delivery.
ply to:-"
CHINA AUCTION ROOMS,
French Bank Building:
1st Floor,
Hong Kong, 24th May, 1939,
Mr. F. C. Haly seconded.
The resolution was. put Imeeting and carried.
the
Mr. A. Ritchie and Mr. E. M. Bryden were re-elected auditors.
STALEY'S CUBE STARCH
HUNG CHEONG
Tel. 57108.
1252525252525252525252525252525
CHINESE KWANTUNG OPERA
N
HONG KONG CHINESE LITTLE THEATRE GROUP
Under the Auspices of
HONG KONG CHINESE WOMEN'S SOLDIERS RELIEF ASSN.
presents
SABLE CICADA
on JUNE 1st & 3rd 8 P.M.
DREAM OF THE RED CHAMBER
on JUNE 2nd & 4th 8 P.M.
·AT
TAI PING THEATRE
TO BAISE FUND IN AID OF
WAR RELIEF WORKI
Tickets Obtainable sti-
H.K. Chinese Women's Soldiers Relief Association
BOOK EARLY:
66, Nathan Rond. Kowloon.
THE Undersigned have receiver
instructions
to sell by
PUBLIC AUCTION
on "
SATURDAY, the 27th MAY, 1939
Commencing at 10.30 am.
At No. 13. Austin Road, 1st Floor, Kowloon.
•
A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE
Including
One Dining Room and one Bed Room Suites
and
One Frigidaire
On VIEW from FRIDAY, the 26th MAY, 1939.
Terms: Cash on Delivery.
|PUBLIC AUCTION.
THE Undersigned have received
instructions
TO SELL BY PUBLIC AUCTION
v, ON
FRIDAY, the 26th MAY, 1939
Commencing at 2.30 p.m.
At their Sales Room, No. 35. Hankow Road, Kowloon
«A QUANTITY `OF VALUABLE
HOUSEHOLD FURNITURE
Comprising:-
Divans, Bedsteads, Cots, Ward- robes, Dressing Tables, Chests of Drawers, Chesterfeld Suites, Blde- boards, Dining Tables. Chairs, Desks, Glass Cabinets; Ice Chests, Carpets, Rugs, Wardrobe Trunks, Radios, Gramophones and Records, Electric Table Fans and Lamps. Porcelain, Glass, Brass and E. P. Ware, Ornaments, Cooking Uten-
LAMMERT BROS., sils, etc. etc.
AUCTIONISERS.
PUBLIC AUCTION.
THE
HE Undersigned have received
instructions
to sell by
PUBLIC AUCTION"
on
G
WEDNESDAY, the 31st MAY, 1939
Commencing at 11.00 a.m.
At No. 21, Lyeeman Building, Kowloon
A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE
•
On VIEW from TUESDAY, the 30th MAY, 1939
Terms: Cash on Delivery.
LAMMERT BROS.
AUCTIONEERS.
PUBLIC AUCTION.
THE Undersigned have received
instructions
to sell by.. PUBLIC AUCTION
WEDNESDAY, the 31st MAY, 1939
Commencing at 5.15 pm.
At their Sales Room, No. 2, Con-
also
A FEW PIECES OF BLACKWOOD FURNITURE
and
One Organette
On VIEW from THURSDAY, the 25th MAY, 1939
TERMS:~~~CAsh on Delivery
LAMMERT BROS..
AUCTIONEERS.
PUBLIC AUCTION.
TH
THE Undersigned hays received
instructions
TO SELL BY
PUBLIC AUCTION
FRIDAY, the 26th MAY, 1939
Commencing-at-11:00-2:77.
At their Sales Room, -No. 2, Connaught Road, Central, Ground Floor
"A" QUANTITY OF VALUABLE” HOUSEHOLD FURNITURE
TERME:--Cash on Delivery.
"
LAMMERT BROS..
“AUCTIONKERS.
naught Road, Central (Room No. PUBLIC AUCTION.
305, 2nd Floor).
A VALUABLE COLLECTION OF POSTAGE STAMPS
On VIEW from TUESDAY, the 30th MAY, 1939
TERMS: Cash on Delivery.
LAMMERT BROS.
AUCTIONEERS.
DONT FORGET
THAT WHEN
"You" are at Home can get the
HONG KONG DAILY PRESS
SELFRIDGES.
HE Undersigned have" rec
Instructions
to sell by
PUBLIC AUCTION
AY, the 30th MAY, 1939
Commencing at '11.00 am
2,"Abermer Court
- May Road
A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE,
also
One Upright Piano by "Mor
and
One 11-Tube. "Philco Radio
ramophone
On VIEW from MONDAY,
the 29th MAY, 1930
LAMMERT BROS
No comments yet.
Private notes are available after approval.