1939-06-16 — Page 11

HONGKONG DAILY PRESS

Finance and Commerce

NEW LEVEL FOR CHINESE

DOLLAR

SUGAR QUOTAS

INCREASED

LONDON, June 15 (Reuter). The International Bugar Council, at n meeting in London, unanimously decided to adopt the recommenda- tion made by the Executive Com-

Stabilization Move mittee last

Snecess

CHUNGKING, June 15. (Int")" -The value of the Chinese dollar has become stabilized.

The reason why the Stabill- ration Fund Committee Has

withdrawn temporarily

Ita the support on June 7 from market was to make it pos- sible for 1. readjustment of the exchange level and for the reduction of the unfavour. able balance of China's foreign trade. according to responsible Chinese quarters. They recalled that similar mea sures were adopted by the Chinese Anancial authorities In June, 1938, until the level of 8-4

pence was found, which was maintain- ed for 12 months. Chinese quar- ters are. conndent that the new level, which has already been ob tained, can be armly maintained.

Bounteous Harvest

month that part of the additional sugar required during the current quota year should be obtained by allow- ing the British Dominions and Colonies to increase their quotas for that

year by the 153.265 metric tons they claimed under Article XIV of the miernational Sugar Agreement, Instead deferring that adjustment to the third year.

14,570 28.330

The following is a division of the above-mentioned figure:

Union of South Africa. ... Australia .... British Colonial Empire 110,385 An additional quota of. 7,000 metric tons was granted to Haiti for the current year:

RESERVE BANK OF INDIA STATEMENT

Calcutta, June 14 (Reuter)."

June 2 June 9

Notes in circulation (including Notea held in the Bank-

FINANCE

H. K. STOCK ⠀

EXCHANGE

With the exception of a line di Government 3% Joan, placed at

SMALL DECLINE par, the day's trading was the

IN PALESTINE

TRADE

GENEVA, June 14 (Reuter) The Mandates Commission concluded its examination, of the administrative sections of the report on Palesting and TransJordan.

The Palestine trade figures for 1938 showed E

comparatively

grave

small decline compared with the conclusions should not be drawn previous year. Over-optimistic

and It was, declared that the Mandatory Power took a view of the situation and added that considering the somewhat surprising stabilly of the economic position during the period of civil disturbance attention should be drawn to the fact that millions of Pounds are being spent on troops and police for the restoration of public security from the pockets: of the British taxpayer.

The Commission enquired at some length into the measures. taken to suppress disorders and precautions adopted to secure pro- per discharge of functions assign- ed to troops under the defence regulations.

The question of the Holy place's freedom of conscience in interna-

ing Department)... 20,786 20.791 tional agreements and antiqui-

It is pointed out that many com modities, formerly, Imported from -abroad. can now be manufac

Rupee Cold and Bul- tured at home.. Judging from

lion in India the reports from various sources. Gold Coin and Bul- a bounteous harvest is expected lion in India. this year and this will have + Securities (Indian beneficial effect on the national Government) economy.

Securities (British

Government)

In the meantime, measures for obtaining foreign exchange for the purchase of munitions and

other essentials have been work. ed out by the Chinese Govern- ment. As a result, the foreign ex- change market will not be un- necessarily affected:

Moreover, they pointed out that as the stabilization fund has been reinforced and as efforts

6,640 6,665

4,154 4.184

3,793 3,734

ties was also discussed.

LONDON GOLD

London, June 14 (Reuter). Bar Gold, Fine per os., 148/4. 5,950 5,950 Dollar Parity, 1/24, premium.

HONG KONG TIDE TABLE

From 16 June to 22 1839

HIGH WATER

Days of

Week.

Data

Month.

change is unquestionable."

Foreign Exchange SHANGHAI, June 5-Forelgri ex: | Sat, change is still available if its use can be proved legitimate, accord. ing to a report from Chungking.

Height

Standard Time

1506

Beight.

WEATHER REPORT

BONGKONG BOYAL

OBSERVATORY

10 am., June 15.

Barometer (at sea level). 29.82 ins..

Temperat: re, 82 F.

Humidity, 88 per cent.

Wind Direction, S.S.W.

Wind Force (Beaufort), 4.

a. Temperature; maximum yesterday.

Temperature; minimum last night,

76 F.

Rainfall for 24 hrs, ending 10th

to-day, 1.98 ins.

- LOW WATXE,

to

Hong

ex

Hong

pand the fund have met with success the Chinese Government's

Kong Standard

Kong

Time.

ability to maintain

foreign

ex-

b. m.

hia

h. m.

Fri

18

.07 32

791

01-12

29

88 F.

21.23

09

17

08 17

17 6:

01 64

22 16

43

·1846.

San. 18

0903

79

62 38

120 10+ 29

23 05

16.30

0 1

Mon. 19

0951

во

03 20

29

It is stated that since the intro- duction of further measures for Tacs, 20 the control of the

9364

44

17 15

00

1040

79

04 05

2'9

1758

01

foreign

change market," speculators have

ex- Wed, 21

00:42

04 53

13 U

been unable to make any legiti-Thor. 22 mate profit. Moreover, the Jap anese attempt to obtain foreign exchange with the Chinese legal tender notes which they buy with the notes, issued by the puppet banks has met with failure.

1130

18:45

10 4

01.20

4 6

05 44

3 2

1927

9.

19:30

10 8

confusion in the black market and

The introduction of such mea- finally helped stabilize the mar. sures has done away with the ket.

Total rainfall since January 1st,

48.40 ins.

Against an average of, 30.49 Ins.

Sunset to-night, 7.08 p.m.

Sunrise to-morrow, 5.38 am,

4. p.m., June 15.

| Barometer (at sea level), 29,75 ins.

Temperature, 83 F.

Humidity. 86 per cent.

Wind Direction, Sw.

Wind Force (Beaufort), 3. Maximum temperature, 84 F. Minimum temperature, 76 F. Rainfall, 0.01.

poorest recorded for a consider- Until more day ahly long the

light is shed on thẹ local political situation" market conditions will remain difficult.

BUYERS

HK. Bank, $1857). Rauba, $84.

HK. Lands, $361..

Star Ferries, $661. China Lights (0), $31. Canton Ices," $1.

HK, Govt. 4% loan 4% pm.

SELLERS

Providents, $4,90. HK. Tramways, $1720.,"

SALES

HK Bank, $1375/65. Union Ins., $460. HK, Lands, 3362. Star Ferries, $67. Lane and Crawfords: $73. HK. Govt. 34% loan par.

PHILIPPINE GOLD MINING QUOTATIONS

Atoks

Antamoks

I, X. L

Stroke of Luck

DEWAR'S FAMOUS SCOTCH

..

FRIDAY, JUNE

White Label

IN HANDY FLASKS FOR ALL SPORTSMEN

BOLE AGENTS:-

A. S. WATSON & CO., LIMITED. WINE DEPT.

TEL 20616.

Centavos

129

22.

Baguio Gold

24

Batong Buhay

.015

Big Wedge

23

Coco, Grove

32

52

Itogon Mining

23

Manbulao Consol.

D

Masbate Consol.

111

Mine Operation .

141

FOR HOME, FACTORY, & POWER HOUSE”

North Camarines

29

San Mauricio

1,00

Buyoc Conscl.

19

United Paracale

48

Mindanao Motherlode

11

QUOTATIONS

PHILIPPINE GOLD MINING

Thursday, June 15, 1939.

Mambulao Consol: .......

Centaros

Antamoks

22}

Atoks

29

Bagulo Gold

24

Batong Buhay

015

Bh

Coco Grove.....

32

Mindanao. Motherlode

11

Big Wedge

Itogon Mining

23

I. X. L

52

Masbates Consol.

111

Mine Operation

144

San Mauricio

1.00

Suyoc Consol.

United Paracale........

North Camarines

Market Comment-Quiet.

HONGKONG

SHAREBROKERS'

"ASSOCIATION

Volume of Business Transacted

on Thursday, June 15, 1939. Electrics (June 14) ... 100 $55.50 Humphreys (June 14) 100 Nanyangs (June 14) ... 163 HK. Docks, (June 14), 200 Union Ins

KAIPING COAL

HOME, FACTORY

AND BUNKERS,

POWER

HOUSE,

TUGS & LOCOS.

16, 1939. —PACE 11

LAMMERTS AUCTIONS!

PUBLIC AUCTION.

NHE Undersigned have received

matrnctiona

to sell by

PUBLIC AUCTION

00

FRIDAY, the 16th JỤNE, 1939

Commencing at:2.30. p.m.

At their Bales Room, No. 2, Con- naught Road, Central, Ground Floor.

A QUANTITY OF VALUABLE

HOUSEHOLD FURNITURE

Comprising:-

Iren Bedsteads, Cots, Divans. Teakwood Wardrobes, Chest of Drawers, Dressing Tabics, Elde- Chesterfield Suites, Hatstands, Ice boards, Chairs, Dining Tables, Chusta, Writing and Typewriter Tables, Filing and Glass Cabinets, Wardrobe. and Camphorwood Trunks, Cabinet

Portable | Gramophones, Records, Ornaments, E F., Brass, Aluminium, Glass and Porcelain Ware, Meat Machine. Electric Table Lamps, Fans, and Cookers, Canvas

Heaters

Canoes, etc., etc.

also

and

"

A FEW PIECES OF BLACKWOOD.

FURNITURE

and

« Frigi-

THE KAILAN MINING ADMINISTRATION

DODWELL & CO., LTD., Agents, Hong Kong.

2 Electric Refrigerators

daire"

2 Radio Sets

1 1938 Model 11-Tube "Philco

Radio Gramophone

1 S-TubePhillips" Radio (in

working order)

1 Dining Room Suite

1 Bed Room Suite.

Use

STALEY'S "CUBE STARCH

NO MORE

WASTE GUESSWORK

OBTAINABLE AT

HUNG CHEONG

68, Nathan Road. Kowloon!

On VIEW from THURSDAY, the 15th JUNE, 1939.

TERMS: Cash on Delivery.

LAMMERT BROS.

AUCTIONEERS.

8.40 4.00 18.20 17 480.00

Tel. 57108.

Now On Sale

1939

EDITION

DIRECTORY &

CHRONICLE

OF CHINA, JAPAN, MALAYA, PHILIPPINES, INDO-CHINA, NETHERLANDS INDIĘS, ETC,

PUBLISHED SINCE 1882, REVISED ANNUALLY.

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