1939-07-21 — Page 11

HONGKONG. DAILY - PRESS.

Finance and

and Commerce

MILK TRADE'S BEST YEAR

Prices Said To Be

High Enough After the chairman, Mr. Thomas Baxter, had recorded the best year

of progress since the Milk Market- Ing scheme was started, a min- ority of producers attending the annual meeting at Central Hall, Westminster, voted for a reduction in the salaries of the Board; This was defeated by 141 to 87.

Mr. Baxter said 1,080,000,000 gal- lons of milk were sold in the year. an "Increase of nearly 69,000,000 gallons-6.8 per cent, over 1937-8.. The whole of this had found a market.

In four years production had gone up by 100,000,000 gallons, and nearly all the increase has been consumed in the liquid market, "the only remunerative market for producers."

Smuggling Reduced In

North China

JAPANESE PERMITS FOR BRITISH SHIPS

LONDON, July 20 (Reuter)— In the House of Commons yes- terday, Mr. R.A. Butler, Under- Secretary for Foreign Affairs, "stated that the most recent re- parts received by Lord Halifax Indicated that smuggling in "North China had been reduced - to negligible proportions, but that no reply had been receiv- ed from the Japanese· Govern- ment to the latest representa- tions.

Mr, Butler said that Sir Robert

Craigle, the British Ambassador in Tokyo, would continue to press the matter in regard to the action of the so-called Narking Reformed Government in endeavouring to insist on certificates from the Ja- The total realised for the year panese authorities before clearance was £52,813,790, over £1,000,000 ajte inland ports being granted to week, and £5,292.000 over the British ships.' .. previous year.

£1,000,000 A Week

Continuing, Mr. Baxter sald that an order for a more definite and rigid scheme of regulation of im- ported processed milks would be operative on June 13.

Important Considerations'

Sir John Wardlaw Milne (Con) asked if the British Government had acquiesced in the Japanese demand and whether it would not amount to a recognition of the Re- Government and also

MBK prices were high enough. formed and the only reason for higher amount to agreeing that the Ja- prices would be some extraordinary pañese might manipulate the cus- Increase in the cost of production. toms as they liked?

He hoped that when the detalls

Mr. Butler replied that these

of the Government's long-period were important considerations in policy for the milk industry were Lord Halifax's mind and that was published they" would he more why instructions had been sent to satisfactory than those In

Sir Robert Craigle to press the abortive Milk Industry BUI.

matter.

the

Objection 'To Control Methods Mr. Cummings, of Rugby, objéc-

"ted to the Board's method of

dealing with producers and "sell- HONGKONG

ing up their homes and furniture

for the money they owed - the Board." They should send men of ability. not men with boxing gloves, to speak to farmers," he commented.

SHAREBROKERS'

ASSOCIATION

Volume of Business Transacted on Thursday, July 19, 1939. H.K. Banks

10 $1,330,00 Mr. Bowler, of Cheshire, sug-Trams.....

900 gested that Ice-cream manufac- Star Ferries turers should be compelled to use Electrics

A. K. STOCK

EXCHANGETM

Dealings reported to-day con- tinue to emphasize the fact," that trading is only of a hand to mouth nature. In other words, the volume

of business remains Umited to

small proportions.

.

BUYERS

H.K. Lands, 4% Debentures Par. H.K. Tramways, $18.50, Canton, Ice, $1. Wing On (HK.), $41, H.K. Govt. 4% Loan 4% Pm. HK. Govt. 34 Loan 98).

SELLEKS

H.K. Docks $17. H.K. Tramways, '$16.65.

SALES

H.K: Bank, $1330.

HK. Tramways, $16.55/45. Providents, $4.40/35, Yaumati Ferries, $22.50. HK Mectrics, 354.15.

PHILIPPINE GOLD MINING QUOTATIONS

Atois

Artamoks Bagulo Gold

Centavos.

20

FINANCE & GENERAL

£10,000 Gift

To R.A.F.

LORD ROTHERATEKE, BRI- TAIN'S FIRST AIR. MINISTER (1917)-18), HAS GIVEN £10,- 300 TO ENCOURAGE ROYAL AIR FORCE SPORTS, IT WAS ANNOUNCED ON JULY 7.

In 1935 Lord Rothermere pre- sented to the Air Ministry the "Britain' First” airplane, which hel developed at his own expense. This type of plane eventually became the modern Blenheim bombêr.

Immense Progress

White Labe

In a letter to Sir Kingsley Wood, the Air Minister, Lord Rothermere West SCOTCH

says:

WHISH

OF GREAT AGE

have been observing within Dewar & Sons

great interest and pleasure the im- mense progress which has been made in Royal Air Force expan- ston, and I consider that this would be an opportune moment for giving effect to my desire to com- memorate in some way iny early association with the Royal Air Forca

"With that object in view, I will ask you to accept the sum of £10,000, which I would like you to regard as a contribution towards the welfare of officers and men. particularly in connection waitha their athletic, and recreational activities.”

AIRPORT NEWS 10.80 Imperial Airways:

NORTHBOUND

Dorado, Denebold-4 and 5 p.m.

SOUTHBOUND

NORTHBOUND

France, Harici,

SOUTHBOUND

Wednesday: Hanol, France,

Service-1 30 p.m. (same day).

Pan American Airways:

EASTBOUND

· Thursday: U.S.A., Manila, Hong-.

kong.

China Clipper--2 p.m.

WESTBOUND ·

· Friday: Manila, U.S.A!

China Clipper-8.30 a.m.

211

201

Batong Buhay

0130

Benguet Consol

Big Wedge

20

Coco Grove

24

Consol, Mines

0020

Demonstration

09

Monday: Bangkok, Hanol, Hong-

kong.

1. X. L

431

Ipo Gold

16)

Itogons

23}

Masbate Consol,

11!

Tuesday: Hanol, Bangkok,

Mine Operation

13

Delphinus-7 a.m.

North Camarines

24

Paracale Gummaus

15+

Air France:

San Mauricio

91

Surigao Consol,

21

Sundicate Investment

0330

Wednesday:

United Paracale

42

Hongkong.

Mindanao Motherlode

Stiyoc Consol,

081 13

Service-noon,

PHILIPPINE MINING

QUOTATIONS

Centavos.

Thursday, July 20, 1939.

10.55

Atoks

20

100

64.50

Antamoks

21}

200

54.15

Bagulo Gold

201

250

4.40

Batong Buhay

013

300

8.10

Benguet Consol

10,60

500 Ps. 10.50

Big Wedge

201

Coco Grove

24

Consol. Mines

002

Demonstrations

09

I. X. L.

434

Ipo Gold

184

Itogons

23

Cape Town's

Masbates "Consol

11

Mine Operation

13

New Harbour

North Camarines

24

Paracale Gümmaus.

∙15)

San Mauricio

91.

Surigao Consol, Suyoc Consol,

21

13

Sundicate Investment

033

United Paracales

4

Mindanao "Motherlode

081

4,154

Government)

Securities '(British

Government)

3 months 43-3/18 4,154 Electrolytic ... 49

3.735 3.738

5,950 5,950

42-15/16

43-1/4 49-1/2

TIN"

Standard, Cash 229-7/8 230 Standard,

a stipulated quantity of milk,

Providents

Consol,

He was told, in reply, by Mr China Lights (0) Sidney Foster, the general man- Benguet ager, that the Board approved the San Mauricio "suggestion.

San Mauricio

A request was made for secret!united voting. The chairman remarked Itogons that they were not living in Ger- Itogons inany. Nobody but the officials saw

Itogons the votes.

Suyocs

..

RESERVE BANK OF INDIA STATEMENT

Calcutta, July 19 (Reuter).

July 7 July 14

Notes in circulation

(including

Notes

held in the Bank- ing Department)... 21,144" 21,222 Rupee Coin and Búl-

lion in India....... Gold Coin and Bul-

lion in India Securities (Indian

PITIZ

2,528 Ps. 0.93 1,000 Ps. 0.92 Paracale 5,000 Ps. 0.414

20,000 Ps. 0.23 250 Ps. 0.23 5.000 Ps. 0.24 10,000 Ps. 0.134

| North" Camarines 5,000 Ps. 0.26

LONDON METALS

EXCHANGE

London, July 19-(Reuter).

COPPER

buyers sellers

3.

Standard, Cash 42-7/8 7,016 7,094 Standard,

DISTILLERS.

PER

FRIDAY, JULY 21, 1939.-PAGE

THE Right LABEL

"White Label"

DEWAR'S FAMOUS SCOTCH

It never varies

SOLE AGENTS:

A. S. WATSON & CO., LIMITED.

WINE DEPT.

TEL. 0616.

Get the world's good news daily through THE CHRISTIAN SCIENCE MONITOB

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Mr Howard Harding.

Malder.

The Willows.

LAMMERTS' AUCTIONS:

PUBLIC AUCTION

THE

182 Undersigned hare'reosiy

instructions

to sell by

PUBLIC AUCTION

ON"

FRIDAY, the 21st JULY, 1939

Commencing at 2.30 p.m.

At their TEMPORARY SALES ROOM.

No. 12, Des Voeux Road, Central (entrance from Lane, Crawford.

Lane? ..

A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE

Comprising:---

Divans, Iron and Teakwood Bed steads, Cheaterfeld Suite, Bat stand, Sideboards, Dining Tables Chests of Drawers, Dressing Tables Chairs, Typewriter, Writing Tables Ornaments. Cutlery, Glass, Forces lain, Brass, and E.P. Ware, Electrics Lamps and Fans. Gramophones and Records, Typewriters, Filing Cabinets; Bookcases,

Glass Cabinets, Ice Chests, Wardrobe Trunk, etc., etc.

also

A FEW PIECES OF BLACKWOOD FURNITURE

One Upright Piano Two" Canvas Canoes Two Enamelled Baths Three Steel Filing Cabinets

معلم

One Plano "H. H. Hoof** One Radio Set "Marcont"

On VIEW from THURSDAY, the 20th JULY 1839.

TERMS: Cash on Delivery.

LAMMERT BROS.

AUCTIONEERS.

Engraving is the hall mark

of

VISITING CARDS.

If you wish to create

good

impression

use our cards

of high

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打

NEW UNION. STAMPS

LONDON, "July 10. (By "Air Mally -On July 17 stamps of three

LONDON, July 10 (By Air Mall)-;

Almost one-third of the 'reciama- tion work on Cape Town's new harbour and foreshore scheme has been completed.

It is estimated" that 11,000,000 Cubic yards of material will be re- quired to fill in the 363 acres of- sea, that will eventually form the new foreshore.

In the 13 months since the work started the Dutch dredging con- trators have deposited 3,800,000 | cubic yards of material over the

area

Portions of the

Cocoons pur- chased from the occupied

3 months 225-1/8 · 225-1/4- | values-id, 2d, and 3d-will be is

sued to celebrate the 250th aniver- LEAD

sary of the landing

areas of the Huguenots in South Africa,

in Cheklang by local li tures which were detained some

Foreign

Official Price 14-13/16 14-7/8 Foreign, Official

3 months 14-7/8

"SPELTER

PAPER SUPPLY IN WAR -TIME - LONDON, July 10 (By Air Mall)—— Plans for the control of paper sup- plies in war-time have been com- Ordinary, pleted, following, discussions be- tween the Government and the in- teresta concerned.

Official Price 14-1/8 Ordinary; Oficial

fla.

The commemoration of the land- 14-15/18 ing will take place early in Septime ago by the "Central China

14-1/4

14-7/16

3 months 14-3/8 Final Afternoon "Transactions Tin, Standard, Cash, £230 sel-

Details of the plan have been circulated to "paper firms in a secret document, publication of lers. which is forbidden, presumably un- der the Official Secrets Acts,

ห้

SILVER MARKET.

London, July 19 (Reuter).

LONDON SILVER

Tin, Standard, 3 months, £225 paid and sellers,

MOTOR HORNS & NOISE LIMITS LONDON, July 20 (BWB)—An Silver-India bought, Specula- tors sold. Business small. Market agreement reached between the Minister of Transport and manu- steady. In the afternoon, the market was very quiet, with In-facturers of motorthorns will limit the noise output of horns Atted to dian buying at the rate.

motor vehicles in future.

.... 18-3/44.

Spot Forward...... 16-3/164.

NEW YORK SILVER / New York, July 19 (Reuter). Official Price,‹ 34-3/4.

An undertaking has been given to

tember.

WEATHER REPORT

HONGKONG: BOYAL OBSERVATORY

10 am, July 20

Silk Corporation, have now been released, while negotiations are still being continued to effect the release of cocoons detained in the Kiangsu occupied areas. The 46 · alik... · flatures in Shanghai, which had been compelled to suspend operations »owing to... an acute shortage of Cocoons, are now making preparations to re

Barometer (at sea level), 29.50 ins.sume their operations.

Temperature, 74 F..

Humidity, 95 per cent. Wind Direction, E/N Wind Force (Beaufort), 2. Temperature; maximum yesterday.

80 1. Temperature: minimum last night

74 F.

Rainfall for 24 hra ending 10th

to-day, 0.88 ins

Total rainfall since January 1st.

57.11 ins.

the Minister that after Oct. 1. Against an average of, 47.31 ins. manufacturers will not offer for Sunset to-night, 7.10 p.m. sale Instruments with loudness Sunrise to-morrow, 5.50 am, under specified conditions of test

HONG KONG TIDE TABLE

Date of

Month.

Kong

Standard Standard

Heights

Height

Mr J. Cartwright,

Eric B. Green,

• The EASTERN ELECTRICAL COMPANY,

90. Mirth Raphido

South Thiste

28. Allarton Road

In these we Specialise Samples available

at

Mr. Geoffrey A. Matthews.

06 46 2 8

16. Mayfair.

From 1 to 27 July 1989.

HIGH WATER.

-LOW WATER,

Hong

Hong

KongTM

Time,

Time

Em,

th...

Fri.

ឆវ

0042

(61) 1924 6 6

Bat

22

01 38

53

18 54 1848

4 pm July 20

133

19 35

Saa

28

02.27 641

0800

18 18.0

1438

5.0

2011

2·4°

Mon, 24

03 16

0

to be 105 phons...

Humidity, 83,

1605

44

2066

2.9

"

48-00

45-03

Sept. 9 Settlement

*44-12

Vehicle manufacturers have Wind Direction, ESE sgreed to co-operate by atting Wind Force (Beaufort). 2. only horns which comply with the Maximum temperature, 78 F @greed standard to new vehicles Minimum temperature, 74 F manufactured by them.

Tam. 25

16 16)

59

11 28

|2:6-

17 38 40

21 48

13 8

Wed. 18

03 10

.1245

Я 2

19 16

3.9

2:54 345

Thar. T

08.13

8 41

203

14:01

Rainfall 0,08,

2357 as

BOMBAY SILVER_ Bombay, July 19 (Reuter).. Market Quiet, but steady,

Oftake 150 bars,

Indian Mint Silver Ready Aug. 11 Settlement

exceeding 100 phons, except in the

case of a wind-driven type of in- Barometer (at sea level), 29.41 Ins strument, for which the figure is Temperature, 78 F

5609 48

13 40 17

THE HONGKONG DAILY PRESS

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

Telephone

FRIC GRAY

PHONE CENTRAL 1705.

Mr. Dennis & Spalding.