HONGKONG DAILY PRESS
Finance and Commerce
FINANCE
H. K. STOCK EXCHANGE
The market opened with renew- ed buying and in many instances
NEW AIR SERVICE CORP. CZECH GOLD further advances were registered.
OFFER ACCEPTED
a
resolu. assets
Shareholders of Imperial Airways, Limited, at an extraordi- nary general meeting at the Notel Victoria passed tion authorising the director to sell the company's `to a new corporation to be formed for acquiring Imperial Airways and British Airways.
The proposed purchase price will allow a payment to ordinary.
BOYCOTT OF share. holders of Imperial Airways
JAPANESE GOODS
THREAT AGAIN
of 30s. 9d. for each £1 share.. together with 4 per cent interest from April. 1, 1938, until the date jof payment by the purchasing
corporation.
2
Sir John Relth. chairman of Imperial Airways, proposing that the offer be accepted, described it as fair and therefore acceptable." Through its holding of deferred shares, to which important rights
IN ENGLAND
on
BANK OF ENGLAND'S LEGAL POSITION
LONDON, June 6 (Reuter)- Sir John Simon, Chancellor, of the Exchequer, in making a further statement in the House
of Commons yesterday Czech gold assets held by the Bank of England, said that he had consulted the law officers,. who advised that the British Government be precluded from taking any steps to prevent the Bank of England from obeying the instructions given to it by its customer, the Bank for International Settle- ments, to transfer the gold as directed..
attached, the Government had * substantial Interest in the equity: of Imperial Airways. but those
It would be a breach of treaty rights were waived as part of the obligations to withold Treasury offer now made.
consent.
Holding In Corporation
IN MANILA SHANGHAI, June & Int'l)The movement for a boycott of Japari- ese goods is threatening to re- awaken in Manila, according to Information received деге. The trend is being watched with keen
"Sir John Simon added that there attention by Chinese in Hongkong. Not only are Japanese goods
Shareholders would be given an was no validity in any of the 'forced to compete with products opportunity to acquire "a holding suggestions made in the recent raised in the Philippines and those in the corporation instead of re-debate that the Bank of England Imported from Hongkong. Shang-ceiving payment in
They would be entitled to refuse to obey hat and the United States, says would be permitted to take up finstructions given by the Bank of
Settlements corporation International the report, but they are faced with such an amount a vigorous boycott being staged stock as would be purchasable at that there was no means whereby against Japanese Imports by Chin- the price of issue to the public the Treasury, could obtain a ruling ese traders, who virtually mono- by the sum which would other of the courts as to whether they, polize the sale of food products inwise be repaid to them. The price had the power to prevent the the islands.
and terms at which corporation Bank of England "making stock would be issued were not transfer when ordered to do so. yet known.
4
07
cash.
another general
cor
Sales of Japanese cotton cloth, the chamber investiga- tion committee found to be Sir John said that satisfactory, bat Japanese
'formal extraordinary onions, wheat flour, canned ,meeting would be called, at which mackerel, potatoes and canned. shareholders would be asked to goods in Keneral are £nding it. pass a special resolution approv Impossible stand op against Ing the terms of the bill authori- American competition.
Ising the setting up of the Metal goods, also almost alporation. monopoly of the Chinese mer- In reply to comments by share chants, have been heavily hit by holders who suggested that the foreign products from the United shares were "being given away" States, Hongkong and Shanghai, Sir John said that the Air Minis- Japanese leather manufactures,iter had been subjected to a good thermos bottles, holery, cotton deal of criticism for paying as shirts. fountain pens, coloured much as 323. 94. for the shares. glasses and celluloid combs have also met up with a falling market"]
in Manila
Chinese merchants hesitate to deal in Japanese goods,. even when they are better and cheaper than foreign and Chinese goods, and it is this that is re- suiting in the lower demand for Japanese goods in the Philippine Islands.
U.S. SEEKING BARTER PACT WITH BRITAIN
The United States - Ambas- sador. Mr. Joseph P. Kennedy. As reported authoritatively to be arranging a deal whereby the United States would" bar-
--ADVERTISEMENT ter about 100.000.000 bushels
PUBLIC AUCTION. be made
and
WORLD'S BIGGEST
PHOTOGRAPHIC ENLARGEMENT
#
(From Our Own Correspondent) Quite a stir.. was caused in the
poster world recently by the giant Street in the City of London to display facing King William
Oldham's new advertise,
weekly paper "ustrated." This colos- sal poster measured, no less than 34 feet wide by 37 feet deep and comprised the biggest enlarge- jment ever made.
This enlargement Wis made possible by the Invention of Mr. J. Purvis Frater, of the Photo Electrograph Co., of Slough, which involves a process utilising 1 photo-electric cell to control an
Gen-
air brush for the enlargement or Ireproduction of photographs, iprints OT drawings, on almost any material that will wrap round a drum-paper. linen, thin metal of wheat to Britain for a etc. and up to any size. supply of rubber and tin.
Briefly, according to the The deal. It was reported, would eral Electic Co., of England, the under the barter ex-process involves the scanning, by change proposal made by U.S. a beam of light from "an Osram Senator James F. Byrnes.
exciter lamp. of a photograph or that the reflected The British Board of Trade .re-drawing, so THE undersigned will sell by
Public Auction on. Monday.tused to discuss details, but ad beam varles according to the the 12th June, 1939, commencing (mitted that there were negotia-light and shade on the picture. at 10.30 a.m. at No. 5, Devon Road, tloris under
connection This light is converted by means Kowloon Tong.
with the Byrnes proposal. which of the photo-electric cell into а has received the endorsement of varying Current which President Roosevelt.
Rubber and tin both come from The amplified current is then:
A QUANTITY OF VALUARIE AND HIGH-CLASS HOUSE-
HOLD FURNITURE ·
Comprising:-
way in
through a valve amplifier.
passes
RUYERS
Union Ins.. $455.
China Underwriters, $1.45. HK. Fires Inx, $185. Douglases, $67,
H.K. Wharves, $110. HK, Docks, $18. . · Providents, $4.85. H. & 8, Hotels, $5,80, HK, Lands, #36Ł. HK Realties. $4.60. HK. Tramways. $17.10. Star Ferries, $68). Yaumati Ferries,. $224. China Lights (0), $8.80. Ching Lights (N), $5,80, HK. Electrics, $56. Sandakan Lights, $12, Telephones (0), $24. Telephones (N), $7.70. Canton Ices, $1. Cements, $14.
F.K. Ropes, $3.80. Dairy Farms (0), $210. Watsons, $8.85.
Lane Crawfords, $7.35. Wing On (HK.), $41. Win. Powel Ltd., 90.. cta. Constructions, $11.
H.K. Govt. 4% loan 4% pm. H.K. Govt. 33% loan par.
SELLERS
Watsons, $8.95.
SALES
HK. Bank, $1420. HX Wharves, $110/110. H.K. Docks, $18.15. Providents, $4.90.
H & 8. Hotels, $5.90. HK Lands. $364.
H.K. Tramways, $17/17.10. China Lights (0) $8.90. H.K. Electrics.› $56).
Dairy Farms (0) » $22.10. Watsons, $8,80/90. Marsmans, Inv.. (H.K.), 48:
PHILIPPINE GOLD MINING
• QUOTATIONS
Centavos
Atoka
Atamok Bagulo Gold
Batong Buhay Benguet Consol, Coco Grove
Demonstration
L X, L.
281
24
25
anq.
11.50
36
12
52
Ttogon Mining
24
Manbulas - Consol.
11
Masbate Consol.
114
18
1,04
16
049
50
Minë "Operation San Mauricio ̧ Suyoo Consol
Syndicate Invest!
United Paracale
PHILIPPINE GOLD MINING
QUOTATIONS
Tuesday, June 6, 1939.
Antamoks Atoks
Bagulo Gold
Benguet Consol,
Mänbulao Consol.
Coco Grove
Demonstration
WEDNESDAY, JUNE 7, 1939. —PAGE 11'
AH TUNG
廞爐雞器機鐵釬東亞
Diesel Engine Driven ARC welding Plant-2 operators for Oxy Acetylene Cutting-and-Weld-
ing for Ship and Boiler Repair, Copper-smiths,
Boiler makers, Iron and Brass Founders, Ship- building Contractors and General Building Contractors.
General Ofca:-Asia Life Building, Room 414,
Tel. 25621. Post Office Box: 638, Hong Kong. Workshop:- Tai Kok Tsui,
Tel. 56089.
Please apply for estimates.
Announcing
CHILDREN'S CHARITY FAIR
-IN AID OF
THE NATIONAL ASSOCIATION FOR THE CARE OF WAR ORPHANS
ON
SATURDAY, JUNE 17th, 1939
"All The Fun Of The Fair"
From 2 p.m. till 7 pm.
AT SIR ROBERT HO TUNG'S HOUSE.
THE PEAK,
---
NUMEROUS SIDE SHOWS
Special Attraction
CHILDREN'S DRESS PARADE
Come and have a good time!
Use
STALEY'S CUBE STARCH
WASTE GUESSWORK
OFTAINABLE AT
Centavos
24
28)
25
11.50
NO MORE
置業
36
12-
Itogon Mining
24
I. X, L. Masbate Consol.
52
Tel. 57108.
Mine Operation
16
1.04
18
150
049
San. Mauricio Suyce Consol.
United Paracale Syndicate Inv.
Market Comment Qufet.
111
SHAREBROKERS'
ASSOCIATION
British possessions, so that would used to operate Ад ingenions HONGKONG involve, dealings with some of the spray gun, the jet of which British Colonies and Dominions. varies with the modulations in There was, no Indication when the current. The enlargement is. Brass and Teakwood Bedsteads, the transaction would be Teakwood Dressing Tables, Ward-pleted, but an
com-therefore, a reproduction” identi- official indicated cal with a photopraph produced robes with mirrors, Camphorwood that negotiations were progressing. by the carbon process, the diffe- Cupboard with double mirror. The Byrnes proposal, which was rence being that the pigment K, Banks ........... 12 $1,420,00 Teakwood Book-cases. Teakwood made in Washington on April 14, composing the image is deposited. Round Tables and Chairs. Teak-would have the double effect of electrically instead of chemically, Electrics
Volume of Business Transacted on Tuesday, June 6, 1939.
Electrics
wood Sideboard, Teakwood Ches-
bullding up the war-strength of
Lands Terfeld Couches and Armchairs,
and Apart from coating considerably Trams Teakwood Ice Chest and Cup-England, the Netherlands
photographic enlarge Trams boards, Brackets and Lampshades, Belgium and, at the same time. less than Parlour Lamps with iron stands, getting rid of some of the troublements the process has several Trans Porcelain Flower Stands, Iron some farm surpluses of the United jother advantages which make It Hotels Garden Tables and Chairs, Rattan States.
Deck Chairs and Arm Chairs, ¿EC... &C..
Blackwood Curio Cabinets, Square Tables and Armchairs, Writing Tables, Mahjong "Table, Stools and Nightchairs, &c. &c.
Also
BRITISH TRADE.
• IN CHINA LONDON, June 8 (Reuter)- Questioned in the House of Comm mons. by Ma).-Gen; Sir Alfred Knox" (Com) as to whether there was any trust in the rumours that Large and Small Tientsin Carpets the Exports Credit Trade Depart 1 Morrison Electric Piano Flayer ment had advised the Chinese
with music rolls
Advisory Committee to: · deal 1 Perfection non-electric Vacuum entirely with an organization call-
Cleaner.
jed Trading Facilities Limited, and why the Interests of British tra
40
56.50
50
58.75
200
36.75
100
17.10
200
17.15
100 ·∙17,20
500
5.90
500
8.85
200
8,10
200
18.80"-
3/10
especially valuable for mural and Watsons. celling decoration, exhibition work Rauha and short runs of poster displays, Ewos where litho printing would cost Markman (HK) 500 too much.
*Shanghai currency. /
CLYDE'S £52,000,000 IN
NAVAL ORDERS
Clydeside's Immense contribution in ships, machinery, And armour to the Royal Navy, involving £52,800,000, was revealed on May 18 by Mr. Geoffrey Shakespeare, Parliamentary Secretary to the Admiralty. Mr. Shakespeare was speaking at a luncheon in Messrs Alexander Stephen and Sons offices, Linthouse, Glasgow, following the launch of ILM, cruiser Hermione—the naming cere-* bony was performed by Mrs. Shakespeare."
1 Crossley Cabinet Receiving Bet ders in China had been disregard Palm and Ferns in ppls.
ed Mr. R.8, Hudson, Secretary, for Overseas Trade, replied that he had looked into the memorandum from Maj-Gen; Bir Alfred Knox, Mr., Shakespeare sald that since which formed the basis of the April 1, 1938, no fewer than 73 {question:
On VIEW from SUNDAY, 11th JUNE, 1939.
CHINA AUCTION
ROOMS French Bank Building,
Hong Kong, 7th June, 1939.
DENIED
ships had been ordered from Clyde BARTER AGREEMENT "Most of the statements are firms, these including two battle- entirely unfounded and there are ships, one aircraft carrier, seven a large number of deliberate cruisers, two destroyer depot misrepresentations, said Mships, two submarine depot ships. 23 destroyers, three subenazines 13 Maj. Gen. Bir Alfred Knox gave escort vessels, a
and other craft. notice that in view of the reply such as minelayers, patrol,shire He would raise, the matter at the boom defence earliest opportunity.
Hudson.
22
of these chipe had been completed,
LONDON, Jane 6 (Beat The Bolivian Legation officially deples that and Rayon barter agree has been, concluded Bolivia and Italy.
HUNG CHEONG
86, Nathan Road.
Kowloon.
LAMMERTS' AUCTIONS
PUBLIC AUCTION.
THE
HE 'Undersigned «havę, received
Instructions
to sell by,
PUBLIC AUCTION
WEDNESDAY," the 7th JUNE, 1939
Commencing at 11.00 mm,
At their Bales Room, No. 2, Connaught Road," Central,
Ground Floor.
A QUANTITY OF HOUSEHOLD FURNITURE
al30
2 Cases Mustard Sauce
3 Cases Books
14 Cases Dates
1 Roll Rooáng.
4 Pairs Ladies' Shoes
127 Pair Shoes
329 Lbs. Steam Packing
17.8/12. Doz. Gauge Glasses 43 Doz. Shirts
Terms: Cash on Delivery.
LAMMERT BROS..
AUCTIONEERB="
PUBLIC AUCTION.
THE
HE Undersigned have received
from AD old collector Chinese Curios
to sell by PUBLIC AUCTION
WEDNESDAY, the 7th JUNE, 1939
Commencing at 2.30 p.m.
At their. Bales Room, No. 35, Hankow Road, Kowloon,
A FINE AND VALUABLE COLLECTION OF OLD CHINESE CURIOS
Including:—
Tong, Sung Yuen, Ming and Ching Dynasties.
On VIEW from TUESDAY, the 6th JUNE, 1939.
LAMMER BROS.
AUCTIONEERS.
HONGKONG WEEKLY PRESS
"A"'N D
CHINA OVERLAND TRADE REPORT.
ILLUSTRATED
PUBLISHED EVERY FRIDAY
FULL REPORTS
OF
LOCAL NEWS, SPORTS, GOSSIP, TRADE, ETC.
30 CENTS A COPY
HONGKONG DAILY PRESS, LTD.
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80251
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