11
...
HONGKONG DAILY PRESS
Finance and
Commerce
BANK RATE ONE CENT AND
REDUCED
5-CENT NOTES
New Subsidiary Money For S'hai
LONDON STOCK EXCHANGE
(BKUTER'S BERVICE) ·
London, Sept. 28.
The following quotations are the middle prices at the close of the
SHANGHAI, Sept. 29 (Reuter)-market in London. All quotations
FIRST STEP FOR DEFENCE LOANS LONDON, Sept. 29 (Reuter)— The Bank of England discount Two kinds of subsidiary notes rate yesterday was fixed at 3 per tamely, one cent and five cent. In red and blue, respectively, are be- ing circulated in Shanghai by the Shanghai branch of the Central Bank of China.
cent.
"
I
FIRST STEP LONDON, Sept. 29 (Reuter)--As the City, generally expected, the to- British monetary authorities day reduced the bank rate toy taking the Arst per cent, thus step towards facilitating defence .borrowing.
Budget, With yesterday's
this reduction seems to fall into 1 co-ordinated scheme for financing this war more emciently than the last.
The circulation of these notes is beginning to-day and will be wel- comed by Shanghailanders who have suffered in the past few months an acute shortage of small, money, owing to the disappearance of coppers as a result of what is believed to be smuggling activities by munition manufacturers.
HUGE LOSS
It is estimated that $400,000 have In effect, the latter was financed been lost as the result of the mainly by inflation and the Gov- shortage since postage stamps, ernment pald unduly dear for which had been used. Instead as war loans. because investors could small change, have become so worn not lend cheaply when expected and, dirty that they are not usable money have' lower purchasing for postal purposes. power by the time the loans were repayable.
CHEAP MONEY
Furthermore, shopkeepers have raised prices as they could not make the necessary change, thus This time the Government's greatly affecting the poorer classes. objective seems to be eschewing The new notes will not be dis- incation coupled with the cheapest tributed through the Bank," but Dossible money for defence loans. through exchange shops, apparent
The traditional justification torly with the object of avoiding the high bank rate as tending to crowds from thronging the Bank.
for civilian repress borrowing
purposes no longer obtain because Control, "all types of lending
directly controlled.
FURTHER CUT
are
insulates the London dis- now Money Market from foreign
turbances.
are subject to confirmation and no responsibility is assumed for errors in transmission.
War Loan, 31% (Red
after 1952) Canton-Kloon Rly. 5% Chinese 41% Gold Loan 1898 (Brit. Issue)...... Chinese 5% Gold Bonds.
1925-47 Chin. 44% Anglo-French
Loan, 1908 Chinese 5% Crisp Loan,
1912
Chinese 5% Reorg. Loan,
1913 (Ldn. IL) chinese 8% Ster. Notes,
1925 (Vickers)
chin. Imperial Rly. 5%
Loan
Henan Rly. 5% Hukuang Rly. 5%, 1911... Hukuang Rly..5%. 1911
(German Issue) Lung Tsing & U. Hai Rly.
5% 1919
88-1
38
21
BG & 2 $ 8 1
32
8-1
45
12
11
Shal-N'king Rly. 6%... 12 Tientsin-Pukow Rly. 5%
(Brit. Stpd.)
Tientsin-Pukow Riy. 5%.
(German Stpd.) Tientsin-Pukow Rly. 5% (Brit. Stpd. Supl Loan) Tientsin-Pukow Rly. 5%
11
11
11
(Ger. Stpd. Supl. Loan) Jap. 5% Ster. Loan, 1907 284 Jap. 6% Ster. Loan, 1924 35
The City is discussing the pos- no sibility of a subsequent further Similarly, the bank rate is
to longer needed
the cut restoring the bank rate tober. 7% Intl, Loan, 1934 - 5 protect Sterling now that the Exchange 2 per cent.
HONGKONG SHARE QUOTATIONS
STOCK EXCFLANGE .
$75
Chartered Banka
Mercantile Bk. “A”
20 Mercantile Bs. "O"
Bank of East Asia ...
N. C. & B. Backs... Insurances
$200 Canton Insurance ...
$386 Union Insurance
311 Underwriters
3185 H.K. Fires
Godowns, etc.
$100 B.K. & K. Wharves
34.20Providenta
1
Chartered Bank
Saloralux Chosen Corporation
SHAREBROKERY ASSOCIATION
Boyert
Belleri
Sales
Nomani
FRIDAY 29. SEPT.
Bank
E.E. & Shal Bank (Ldn.
Reg H.K. & S'hat Bank (Col.
Reg.) Chinese Eng. & Mining
(bearer)
72
72
Вкуста
Belluta
Pekin Syndicate ......
S'hal Elec. Constr. Co.
10
$1200 E.K. Banks
$1200
S'ha! Watermorica “A”.. 19
£72
Do. (Col. Reg.)
212
Union Insurance
$79
Do. (Loo, Beg,)
£72
Gula Kalumpong Rubber 15/0
6
£21
£81 Allied Ironfounders ...... 15/9 £93
£10
Asso. & Elec. Industries 32 Austin Motors, ord. ......
17/6
$72
160 cta
Cable & Wireless, New
Form, ord.
$196
B.-A. Tob. (bearer) -
01
Mercantile Bank
44} 83/0 10.
$355
Cammel Laird, ord.
8/71
3165
Shipping
Mexican Eagle
4/6
$87
|Douglass A L
967
Courtaulds
26/11
311
Steamboats
$15
Distillers
86/0
$60
Indo-Chins
(Pref.)
850
Dunlop Rubber
24
$30
Indo Chinas (Def.)...
$20
Gen. Electric (England) '62/3
82/6
Shella
82/6
Guinness (A), Son & Co. 80/7
28.10 Waterbosta
$3
Docks, Wharves,
Hawker Siddeley Airc.... Bristol Aeroplane
11
$10)
$3,80
Providente {DeW}
Marks
13/9 Imperial Chemical Ind. 27/4) Imperial Tobacco
106/3 Spicer "A" ord. 43/9
$17.80
12
B.E. & W. Dock... $17
Do. (BW)
$17.50
Rolls Royce
Leyland Motora
"82/8 77/8
8105 Shangbai Docks 8.
$100
- New Engineering 8.
88.36
Tate & Lyle
...... 53/11
Turner & Newall
Mining
Kailans
10/3
United Steel
21/-
Rauba
$10
Smethwick Drop "Forg... 14/6
84
Venezuela Gold Fida
$4
Armstrong Stevens, ord. 5/3
6 ots, Hong Kong Mines
Pressed Steel, com.
13/9
Vickers. ord.
Woolworths
15/7 54/41
14.50
Anglo-Dutch
24
cum. int.
$100
Rub, Plant, Invest. Trust
28/101
Burma Corporation
8/9
$4
Commonwealth Mining..
$7:90 Marsman Investments..
10/-
Randfontein Estates
32/6
$18.80.
Western Holdings .....
7/8
$110
Bub-Nigel
185
$40
Tanam! Gold Mining..... 44d.
$30
Anglo-Iranian
80
Burmab
62/8
$15.40
on
Sist
Shell Trans.
Trad
$7.40
(bearer)
82/8
33.70 Peak Trama (new)
33.70
+ Nominal
$61
Star Ferries
880
$22
Tʻmati Ferries
#211.
Do. (now)
$7.80
China, Lights (0)
£8
#5
Chins Lights Tits.
Chine Lights (New)
8491
Buildings
#30
$30
par
Do. 4% Debenturen
?
$7
Lands, Hotels and
$4 H.K. Hotels
H.K. Landa $30
88 Rhanghai Lands 9.
344 H.K. Realtios.........
Humphrey ........
$100 Chinese Estates
Cutton Mills
$19.90 Ew (8.)
$167 S'hat Cottons (8.)
$42 Zooog Siage" (9.).... 9484 Wing On Textiles (8.)
Public Utilities TranWays
$7.40 Peak Trama (016)
H.K. Electrics
318 Macao Electrics inau
11 Sandakan Lights
#91 Telephone" (old)
$7.6 Telephones (new)")
22/0 Tractions (praf.)........
19/0 Tractions
Comenta
}Ropes Ca
Miscellaneous
$30
⠀ ⠀
59/41..
FINANCE
Bata
SATURDAY, SEPTEMBER 30, 1939. -PAGE 9
Hongkong Daily Press CLASSIFIED
ADVERTISEMENTS
Brooke Bond
THE
BETTER
FROM ALL
RELIABLE TAILORING
LADIES AND GENTS. TAILORS
We have just received a large range of cloths for SUMMER SEASON. Satisfaction Guaranteed.
+
THE JUBILEE SILK STORE Specialista in Gents' Wear, Sults, shirts, Pyjamas and Underwear:
31 Nathan Road, Kowloon..
Corner Peking Road.
SUMMER
DRESSES, DAY & EVENING HATS, BAGS & BEACH TOGS
at very moderate prices. Call on us and let us demonstrate to you THE SHANGHAI SUN FAT COMPANY
EXPERT LADIES' TAILORS.
No. 30. Nathan Road, Kowloon.
Do not M188 your OPPORTUNITY while in HONGKONG
COME and SEE the, WONDERS that
NEPTUNE has made.
"FIRST CLASS
LADIES TAILORS
Telephone No. 50451
READY MADE DRESSES FOR SALE ALSO MADE TO ORDER SATISFACTION FULLY GUARANTEED
LONG KEE
31, NATHAN ROAD.
KOWLOON. (Peking Road Corner)
•
Tel. 50451
KIM SHING SHOE CO.
SPECIALIZE IN THE VERY LATEST LADIES
AND GENTLEMEN SHOES.
GUARANTEED SUPERIOR QUALITY, COMFORTABLE AND
GOOD FITTING MADE TO ORDER.
17. Wellington St.
Hongkong.
U.S. SILVER- PURCHASES
WASHINGTON, Sept. 29 (Reuter) The United States-Canada agree- ment for American purchases of 1,200,000 ounces of silver has been renewed for another months.
Nazi Trade Mission BELGRADE, Sept. 29 (Reuter)-- A German Economic Mission arriv- ed in Yugoslavia yesterday.
FOOD IMPORTS
TO GREECE "ATHENS, Sept. 29 (Reuter-The British Legation here issued a that all statement to the effect commodities to meet her needs will be shipped to Greece.
The statement is in reply to rumours started by Nazi sources that Greek food imports might be dificult.
FOOD RATIONING IN SWITZERLAND
BEHNE,
29 Sept.
(Reuter)- Switzerland is to have rationing of certain foods from the beginning. of November. They include, sugar, and rice products, wheat, barley and fat
BROKERS' LOANS
New York, Sept. 22 (Reuter), Loan on securities to brokers in New York:-
Week-ended
:Sept. 7 $499,000,000
Week-ended
Sept. 28 $406,000,000
WEEKLY RETURNS AND REPORTS
41
BANK OF ENGLAND
Public Deposits Other Deposits:--
Other Accounts
Bankers
London, Sept. 28 (Reuter).
Aug. 1
Bept. 28
61,030
19.340
Industriais
$14
Caldi, Maeg."(Ord.) 8.
111,770
107,180
$18
Cald., Macg. (Fref.) 8.
41,240
40,470
#1
Canton Ice
T
81
•Total
163,520
147,600
$13.10
#14
Government Securities
123,720
120.340
$3,80
$4.70
Other Securities:-
Discount & Advance
6.020
$20 Dairy Farm (Old)
820
Securities
25210
23,880
$191 Dairy Fanın (New)
#196
Total
31.230
20,360
$6.80
Notes and Coins
30.810
38,990
(old)
#14
Total Bullion
687.955
(now)
Notes in circulation
649,890
541,830
$7
Radio, of Reserve to Liabilities
Price of Gold at which holdings are valued
18.38% 188/
23.21%
168/-
$1.98
$7.30 38%
98%
New York, Sept. 28 (Reuter3.
Sept
Sept. 28 cood's omitted)
$41
$10
Bills Bought
UA. Becurities hold
3,504.000
Federal Reserve Hablo
85.23
Federal Reserve Credit Outstanding
-2663.000
Monetary Gold Block
Industrial Advance.
16,725,000 11,827,000
1,000 2,804,000 85.15% 3,840,000. 16.925,000 11,844,000
$7.40
#} ::
Constructions
$1,80 Bincere
86.60 Ch. £tainmentə inan $1.55 Constructions
$74 Lane Crawfords
Nanyang Tobaco ....
28 Ch. 0.5% 19250 $3, $100 H.E. Gort. 4% Lomas
HK. Gort. % Loan HE. Wing On ...... B'hai Wing. On.... Vibro Filing ****** 10/0 Marsmans Env.' (Lon)
Marumans Inv. (H.E.) Wm. Powella *Bales to Ehanghai
FEDERAL RESERVE SYSTEM
SHING
HING
Tel. 32332.
STORE
DEALERS IN ·
PORTUGUESE GOODS
MACAO NATIVE PRODUCTS
36A. HANKOW ROAD
- KOWLOON.
FOR SALE
Selection of the best varieties of Reliable and Tested' FLOWER & VEGETABLE SEEDS
for # IMMEDIATE PLANTING
from
Sutton & Sons Ltd., Reading Arthur Yates & Co., Sydney.. W. Atlee Burpee & Co., Philadelphia| Toogood & Bons Ltd., Southampton
The opportunity of serving you wil}} be a pleasure and your commands) will have our best attention.
GRACA & CO.
No. 10 Wyndham St., Hong Kong Established 1896.
AUCTIONEERS
GREATEST COLLECTION OF BARGAINS IN TOWN;
201
LAMMERTS AUCTION ROOM Lauatro et Bethan : 400 moti atli♪'.
It add Chatti:
Tehopisom » NO BOTH.
INSURANCES
The National Mutual Life Association of Australasia offers you the best conditions for a fund for old age, sad your family in case of your death. Annuities and educational policies are also issued. Insure now. «Omer, Des Voeux Bal Central (5th foor Room No. 66), Bank of Canton Build- ing, Hongkong Tel. No. 27478,
Besident Secretary,
H. E. WELLS.
Her EYES won Huni
CLEAR, MILKY WHITE LUSTROUS! THOUSANDS CLEAR EYES. In Bacenila „Moor Ex(Way FYES reddened or promiomally vidnad by late hours or over-indulgence-choands of girls now dear them in second with per datiy EYP GENE. And what a differan or when whites are clear maparking whiU! Beway back is it fails. Batrening
· hooches tired wym bka zanglę. Stainless--safe. Klet EYE-GENE at any drug or department atorn.
EYE-GENE
Obtainable "at" all leading Drug & Department Storer Bale Distributors:....... UNITED TRADERS--Hong Kong
NEPTUNE
SWIM
SUITS
Telephone No: 568467
PRODUCTS COMPANY
20' Queen's Road Central Kayamally Bldg.
Tel. 30862
TAILORING SHOP
WE TAILOR
MEN'S WEAR
SUMMER
HIRTS
REHMAN'S
LADIES & CENT'S TAILORS OPTOFTEPS, SILK & SUNDRIES
HOTELS.
"EL SET
courts....
MARBLE HALL (and Annexe Private Hotel), M.. Granville and 103) Austic Roads, Kowloon, tennis
Rooms and sites, with p. vata bathrooms. Beautiful garden: All modern eph-veniences. Apply proprietress, 103, Austin Road. Phone 10233 and 34, Granvils Road. Phone 59433.
METROPOLE HOTEL CENTRAL - CLEAN - COM- FORTABLE. All Rooms with Private-bath from $6 per day, Meals at all hours Large Dining Hall, cooliest in Town. Fully licenced. TEA DANCE Every Tuesday, Thursday, Saturday & Sunday, 5 to 7.30 p.m.
司
ELECTRICAL ENGINEERS
公噐電亞新
THE NEW ASIA CO.
ELECTRICAL ENGINEERS
And
HOUSE WIRING CONTRACTORS - 12. Chiu Lung St.
Tel. 34010.
RADIO SERVICE
For 'prompt and efficient service in radio repairs, and, pur- chases of ZENITH " long distance radios for 1939, always call at.
EASTERN RADIO SERVICE LABORATORY.
228 Nathan Road.
Kowben, Hongkong.
NOTICE TO RADIO SET OWNERS Our annual service subscription $6.00 only." Guaranteed to inspect and clear up your radio, receiver 4 TIMRE a year.
CHUEN YEE HONG
54 Des Voeux Road C.
HOME SERVICI
Worried by WHITE ANTS
Plan their Eradication--Consult
Thomas Cowan & Co. Jardine, Matheson & Co.
Queen's Building Phone 30722.
Agents in
Hong Kong-Canton-Swator-Foochow
Phone 30311. Inspection & Estimates Free.
AT
Jimmy's
ENGRAVERS
FEI FEI & CO. Photo Engravers
18, Cochrane: Street. Telephone No. 2200
BAGGAGE TRANSFERS
AT LOW COEFT PACKING & SHIPPING 1
INWARD SHIPMENTS "CLEARED & · DELIVERED A ESTIMATES" ON ÍNIQUESKY COLONY BAGOAST TRANSFER SERVICE Proprietors
THE COLONY TRANSFOR
STAL 34423
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