1939-11-14 — Page 10

PAGE 10-HONGKONG DAILY PRESS

MICA AND MICANITE

The importance of mien 'Insula-¡sheets now manufactured, chiefly tion, and the extent to which the in

the United States, Great Germany, France · and

MEET THE NEEDS

entire electrical industry and all Britain, other industries incorporating Japan. alectrical apparatus depend upon

1

MONEY AND EXCHANGE

CLOSING QUOTATIONS

NOVEMBER 13. 1939

On London:-

Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand/2 7/8 Credits 4 months' sight 1.3 1/4 On Shanghal:-

On demand

ita peculiar properties, are often Mechanically, thermany, chemi only vaguely realised, even by cully and electrically, mica

Is those actively concerned to its found to meet the needs of the application.

designers of motors, generators In modern industry, Indeed, it is and other electrical appliances a key material, and particular in- better than any other material. terest therefore attaches at the

time, as the report опе present time to a survey of its points out, the commercial de- On Singapore:- production and commercial adap- velopment of electricity Was tation, recently made by Mr. Paul threatened by the increasing dir-On Japan:--- M. Tyler, chief engineer of the ficulty of obtaining natural mica Non-Metals Economic Division, in sheets of sufficient size: but this obstacle was removed by the

United States Bureau of Mines,

At

The economic significance of invention of the built-up product, on New York:- micu was impressed upon Ameri- micanite, introduced in 1892. can industrialists during the' warj subsequently, perfected, this has of 1914-1918, when they could ob- become the most important elec tala sumclent supplies only by tric insulatot employed. In prin-

with Great Britain.jciple. Its manufacture is simple. negotiation which, in India, controlled some

OCCURS NATURALLY

80 per cent, of the world supply. Mica Occurs naturally

SKILLED LABOUR

in “books,” laminated crystals cap- This dependence upon British able of being split into sheets only India still obtaina, as, not only about a thousandth of an inch in has that country the largest mica thickness. Blocks of mica which production in the world, but it is are too small to be used for sheet one of the few countries in which are split in this way, mainly by skilled labour is still cheap enough temale and child labour, as it has to enable the natural mica to be not been tound possible to carry 'split, at an economic cost, into the out, this process economically by thin sheets from which built-up mechanical means. mica, or micanite, is made.

Un Batavia--

י י.

FINANCE

HONGKONG SHARE QUOTATIONS

SHAREBROKERS' ASSOCIATION ·

TUESDAY, NOVEMBER 14, 1939.

BANKS.

HONGKONG & SHANGHAI THE CHARTERED BANK OF

ŠTOCK EXCHANGE

Bayum Bellera

Nomin sales

MONDAY 13.

NOV.

Ballots Sales

Borutom

Banks

$1310 $1350

H.K. Banka 1999

£84 1285

Do. (Col. E.

Do. (Lon. Beg)

ནྟི།

Chartered Banki

12 Marcantile Bka. "A"

£ lichờ Haround The

Bank of East Asia

N. C. & & Banks,

Insurances

Canton Insurances ...

Union InsurKDOM Underwriters

.81350

CHF

£5

PREJ

BANKING CORPORATION

Authorised, Capital...... 950,000,000

INDIA, AUSTRALIA AND CHINA

Issued, & Fully Paid-Up 420,000,000 Incorporated by Royal Charter, 1853 Reserve Funds:

Paid-Up Capital £8,500,000 Reserve Fund

Deputy Chairmdie

38, Biabopagate E.0.2 Sun-Agencies In London: 117/139, Leadenhall Street, E.C.A. West End Branch: 14/16, Cockapur Street, S.W... Manchester Branch: 5a, Mosley Street, Manchester, 2.

AGEN

AGENCIES AND BRANCHES: "

117 10

Sterling

280

#72

150 ot.

Reserve Liability of

On demand

On demand On India:

Telegraphie Transfer. and demand ...................

59 3/4

của 1/4

Proprietors

.$20,000,000

$200

£9,000,000 £3,000,000 B.E. Currency Resorve $10,000,000 Reserve Liability of Pro-

prietors

£3,000,000 HEAD OFFICE: LONDON:

1

$20

$400

$400

Head Office:~HONG KONG

311

$175 H. Firs

3170

Board of Directors:

$89 3/8

Shipping

370

Donglates oppose

Hon. Mr. A. I. Shields,

Это

Chairman.

313

{Steamboats

218

Bank Bills, on demand 23 7/8 Credits, 60 days' sight 24 një

.800

Indo-Chinsa

(Prof.)

850

W. H. Lock, Esq.,

$30

Indo-Chinas (Def.)...

620

83/1

Bhalls

88/3

On demand

44 3/8

$8.10 Waterboats

Docks, Wharves,

On Paris:

Bank Bills, on demand 1090 Credits 4 months' sight 1145 un Saigon J

#101? H.K. & K. Wharves

LOL!

$4.10 $4

$4.07

108

$181

$18

$18 80

47 3/4

$162

$14

149 1/8

18/0 Kailanı

19/0

Rauba

$91

Amoy

1/37/9 3 1/2

Venezuela Gold Fide

Bangkok

Branches: Ipoh Johore

Penang Rangoon

DAWNPOZE CEBO COLOMBO DELFI

Batavia

Kobe

Saigon

Bombay

. Kowloon

HAIPHONG

San

HAMBUNG

Calcutta

Kuala

Francisco

On demand Vu Manila:--

On demand On Bangkok:-

On demand Sterling Notés:----

Bank Buying Rate Bar Silver per os.

Market Report

FROM ROZA BROS.

The splittings must be at least 1 Small "books" of mica which, in sq. in, in area, reasonably uniform. a highly mechanised country like in thickness, and free from in-

Silver prices were unchanged the United States, would be reclusions of other minerals. Small garded as it only for grinding, are quantities of splittings are produc- over the week-end the quotations converted Taboriously into split-ed in Madagascar and in Canada, remaining at 23.1/2 for Ready and Silver advices tings in India.

these being chieny of the phlogo-23.5/18 for Forward. These are assembled and bonded pite or amber variety; but, as reported a steady market. Ameri- -often with shellac, another. In- mentioned, the world's supply is can Süver was quoted at 34.3/4 for

Spot. disn product-into the built-up obtained principally from India.

Diesel

Locomotive For Mining Work

RISING PRICES

RESENTED

LEGISLATION MAY BE PROMOTED

The Board of Trade "hay 16- The advantages of Diesel loco-ceived a large number of letters motives for mining work are be- from disgruntled retal! shop- coming increasingly recognised in keepers. complaining of what be exorbitant this country, and the problem of they consider to providing complete

Increases of prices of their goods protection against the danger of ignition of by manufacturers to cover war explosive gases has been the sub risk Insurance and other matters. ject of extensive study and research by Messrs.

The Hunslet Engine Company Limited, of Leeds:

The earlier locomotives suppiled by the firm were provided with simple spark arresters of the cen-

These complaints are all being closely investigated, and if it is thought to be warranted the is expected to Beek President

egislation on the subject.

EXAMPLES GIVEN Lrifugal "type, bat later, expert- Some examples of the increases ments were made regarding the were provided by afr East London more defnite safeguarding of the firm. We have received a circular exhaust, both from the point of from a firm of furniture manu- view of possible ignition of anfacturers informing us that their inflammable atmosphere, and prices have advanced to the retailer with regard, tɔ the chemical by 33 per cent. In another case analysis of the exhaust gases manufacturers of perambulators when used in enclosed spaces, or notify us that their prices are underground

now up by 15 per cent.." and he When the Hunslet Company asked, "Now, who are the real were approached by various col- profiteers?”

llery companies regarding the use The managing director of a big and design of Diesel engines for provincial departmental store gaasy coal mines, discussions took said: "It needs very little con- place with the Mines Department s'deration to show that if the regarding the type and severity wholesale are going to persist in of the tests to which the locomo- tives snow'd be subjected

A TEST

what they are doing now, and add 10 per cent, to their invoices, then retail prices inevitably rise by 15 Per cent, but the point, surely, is

that it is utterly unnecessary.

A TRADE EXPENSE

A test was drawn up which call. ed for appliances to ensure that in the case of a name becurring

"I do not know of a single re- in either the inlet or exhaust manifold when the other mant-tat store, ourselves Included, who fold happened to be charged with have made any attempt to raise * "highly-explosive mixture, no prices because of the war in- fame of any find tould pass surance tax,

to the outside atmosphere.

"We look upon it as a definite

1:

L.

Godowns, ata

Providents

Providanis (new)

H.K. & W. Dočka........

Do. (new)

8.0 Bhanghai Docks 6. ... $14.40 New Engineerings 8.

Mining

3 cts. Hong Kong Mider... Lands, Hotels and Buildings

#k

$331

pur

$4 H.E. Hotels ... |H.K. Lands .................b.

Do. 4% Debentures

84.30 $41

87.30 Humphreya .....

$100

The London/New York cross-rate was quoted at 402. New York! London was quoted at 388.1/2. $15.95

Market

$10.30 Bhanghai Lands 8 H.K. Boalties

Chinese Batatas ve

Cotton Mil

$22 Ewo (8.)

J. K. Bousfield, Esq., A. H. Compton, Esq., Hop. Mr. S. H. Dodwell, D. F. Landale, Esq., G. Miskin, Esq.,

K. S. Morrison, "Esq.,

Hon Mr. T. E. Pearce,

H. V. Wilkinson, Esq.

Bir Vandeleur M. Grayburn,

Chief Manager.

Canton Lumpur Shanghai

London Singapore Sourabaya

Malacca Sungei

Patani "Swatow

Hamburg (Johore) Tientsin Bankow Mukden Tokyo Harbin New York Tsingtao Hongket Peiping Yokohama Iloilo

Big

Chefoo

981

Colombo Lyons

Dairen

$4.30

Foochow Manila

$7.90

Haipnang Muar

$21.90

$.63

$42" 860

($15 98 916 10

$7 40 Peak Trams (old) ...

87 40 $3.70

Star Ferri

#22)

$175 B'hat Coltons (5.)

$42 Zoong Sings (8) $18 Wing On Taxtiles (8.)

Public Utilities {Tramways,

$3.70 Peak Trame (new) 351

Y'mati Ferries

Do. (new)

Obina Lights (0)

#4 China Lights (New)

Chins Lights Rte.

H.E. Electrica......

Macao Electrica ..............

Bandakda Lighta

Talephones (old)

$7.6) TelephoneM (DOW}

Dull,

$221

Sterling

87.60

There were sellers at 1/3 Novem- ber and 1/2.31/32 December/ January, buyers at 1/3.1/32 Cash and 1/3 probably January.

8:40

318

BLI

U.S. Dollars Sellers at 24.1/8 November, buy- ers at 24.1/4 for Cash.

$204

Shanghai Dollars

Shanghal Market Was closed today.

$14.80 $15

"Afternoon Market

285 nominal.

The market in the afternoon was extremely dull,

Sterling

Closed with sellers at 1/3 Novem→ ber and 1/2.31/32 December/ January, buyers at 1/3.1/32 Cash and 1/3 January.

U.S. Dollars

The market closed with sellers." at 24.1/8 November, buyers at 24. 1/4 Cash

Shanghal Dollars 285 nominalu

I

H. K. STOCK

EXCHANGE

Quietness still pervades the mar- ket and today's trading dees not amount to much more than the proverbial row of pins.

BUYERS

Docks, $18. Providents, $4.ID.

H. and 8, Hotels, $4.40. Realties, $4.20

Faumati Ferries, $221. China Lights (0), $7.60. Telephones (O), $204, Cements, $14.80. Entertainments, $6.

BELLEES

H.K. Banks, $1350. Realties, $4.

EK. Govt. 34% Loan, $97-

SALES

Unions, $400, -Star Ferries, $81.

Yaumati Ferries, $224.

The successful pacing of this trade expense, in the same way test involved the whole of the

that we regard increased salaries.” cylinder-head design,

Another deajer, a ladies' and Including the head

Ya're stems, children's outfitter, produced a Joint valve

and COVERS,

all joints sheat of letters he had received throughout the inlet and exhaust from manufacturers, all informing systems, being fully dameproof in him of raged prices, and usually accordance with existing regula- giving as the reason the war risk bians

for flameproof electrical insurance, A.R.P., and the rise in equipment, and that both the the price of raw materials. inlet and exhaust orifices must be Two of these frima antouneed of a type which would definitely that there would be a 10 per cent.

MANILA GOLD SHARES. stop the most penetrating fame, advance on goods already ordered,

Antamoks, 14s, Atoks" 178, Baguio In May, 1938, complete equip and 20 per cent. on new orders.

Gold 158, Batong Bubay 01008, ment designed to fuld these con-

Benguet Colsol. 11.20s, Big Wedge ditions was submitted for testing-

21s, Coco Grove 17s, Consol Mines to the Mines Department by, the

Limited, Greenwich High-road, 0030s, Demonstrations 0718, IXI Hunslet Company, and was found London, 610, have received an 388, Ipo Gold 14b, Itogons 23, to be completely satisfactory, order from the Corporation of Manbulao 04b. Masbates 0825, Mind Barking for a motor turntable fire Motherlode 074b, Mine Operation ladder. The ladder is of all-steel b North Camarines 128, Para- manufacture and is in Ave sec- cale Gumaus 17s, Ban Mauricio 735, éunbeam Commercial tions for extension to a height of Surigao Consol. 181b, Buyoc Consol. Vehicles, Limited. Moorfield Works 100 ft. It will be fitted with a 12a, Byndicate Inv. 020b, United Wolverhampton, have received a monitor noble, Tof the a water Paracales 315, further repeat order from the City tower, art will be equipped with a of Johannesburg Tời Sunbeam-loud-speaker belephone apparatus. BTH trolley-omnibus chassis, The The machine will be furnished

SHAREBROKERS order is for 25 vehicles of the MF.z with a fire pump capable of de- four-wheel type, similar to those livering 550 gallons per minute and

ASSOCIATION previously supplied in 1936; and the ladder movement can be car- 1938. The bodies, for the vehicles ried out either almultaneously Volume Of Business Transacted

ow ordered will be built by with, or independently of the on Monday, Nov. 13, 193970 Messrs. Metropolitan - Cammell operation of the pump. The Provident

1,000 - $40711 Weymann Motor Bodies, Limited, machine will also carry, a 60-gallon H.K. Docks

5 19.00 Vickers, House, Broadway,

","London," fist-aid outfit and a powerful A.S. "Watsons 525 SW.1.

elbetric searchlight for use on or traumati Ferry 120922.75 Messrs. Merryweather and Sonk, away from the machineri

Bale on Nov. 10, 1939.

New Contracts

Messrs.

:}

HONGKONG

18 0 Tractions

18 6 Tractions (prať.) Industrials

814 Cald., Kuog. (Ord.) 8.

13 Cald., Macg. (Fref.) 8. $1 Canton Ices

Cements

84.90 Ropes

Miscellaneous

$20, Dairy Farm (Old).

$19) Dairy Faro (New)

Ch. 'tainments ......

81.05 Constructions jeid)

戳

$1

$74

Lane Crawforda

[Constructions (kw)

Nanyang Tobacco

31:50 Bracare

Watsons

50*), Ch. G.5% 1925G #Bida.

$100H.K. Got. 4% Loa

H.K. Govt. 31% Losa

$7.90

$7.95

....

$97

341

www

H.K. Wing On

bal Wing On

28

4:0

15/3

Vibro Piling

Magamans Inv. (Lon.}

Maramana Inv. (H.K.) Wa. Powalla

#Bales

to

Shanghai

TRAINING FOR

INDUSTRY

*

..

$7.36

360

*14

8201

***

:

$7.10

32/

$13

$20

$19}

$1.60

#14

5+)

974

$4"

$1.98

€7.9)

96.2

黎子

810

181

$1

MAIL LORRY EQUIPPED

WITH WIRELESS

A wireless transmitter with a range of well over 600 miles, is the unusual accessory of a Leyland six-

Marree

ALOR STAR AMRITSAR

BATAVIA

BOMBAY

HARBIN

PENANG

HONG KONG RANGOON

MANGTOK

ILOILO

BALOON "

IPOH

BEREMBAN

KARACHI KLANG KOBE

SHANGHAI

SINGAPORE

SITIAWAN

BOURABAYA

CALCUTTA

AGENCIES

Ctive Star Farzin PLACE

CANTON

KUALA

LUMTUR KUCHING

MADRAS

MANILA

MEDAN

NEW YORK

PRIPING

HANKOW (Peking)

TAIPING

→ TIENTSIN

TONGEAB

(-Bhuket) TSINGTAO YOKOHAMA

FORHION EXChands and General Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOBira received for One Year or shorter periods in Local or Other - Currencies at rates which will be quoted on application.

SAVINGS ACCOUNTS also opened in Local Currency and Starling with interest allowed at rutes obtainable

on application.

CURRENT ACCOUNTs opened in

·LOCAL CURRExcy and Fixed DEPORITS

The Bank's Head Office in London received for one year or shorter undertakes Executor and Trustee periods in Local and other Cur business, and claims recovery of rencias ON terms which will be British Income Tax overpaid, on quoted on application.

terms which may be ascertained at any of the Agencies and Branches.

R. A. CAMIDGE,

Manager.

ALSO up to date Surs "DEPOSIT Boxes in various sizes To LET Hong Kong. 25th September, 1939.

HONGKONG SAVINGS

BANK

The Busincas of "the above Banki Is conducted by the HONGKONG

& SHANGHAI BANKING COR-

THE CHASE BANK ̈

15, QUEEN'S ROAD, CENTRAL

HEAD OFFICE; "

19, PINE STRENT,

NEW YORK.

PORATION. Rules may be obtain- Aa American Bank offering com-

ed on application.

For the Hongkong & ShaNGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager.

Hong Kong, 25th Feb.. 1830.

BANK OF EAST ASIA,

LIMITED

Authorised Capital..

.$10,000,000.00

Paid-Up Capital ....... 5,598,800.00

Reserve and Undivided

Profits .......

....... 2,883,032.01

Head Office:---HONG KONG No. 10 Des Voeux Rond, Central.

Board of Directors:

Sir Bhouson Chow, Chairoszu

Li Koon Chan, Emp Li Lan Sang, Eag P. K. Kwok. Eaq.

Wong The Tong, Baq. Kan Ying l'o, Kaq, Chan Uhing Shuk, Keq. Pong Bing Wah Eag

Kan Tang Po, Esq., Chief Manager. Li Tse Fong, Esq., Manager.

Kády

Branches and Agencias :-----

Kokoom

Loudne

Bombay Manka

Hakow

Oniousta

Kalbos

Haiphong

Hapolala Paris

to

Eobe

Pelying

As it may be taken as certam wheel "Cub" förry engaged in con-

mail from veying that the Conference on Engineering Education and Training, which Birdsville, Australia, a journey of was to have been held by the 300 males over arid desert, 100-11. Institution of Civil Engineers next

high sand-hills, and, 'paradoxically, foods and swEIDS. February, will Dot now take place, It is fortunate that, following up Before the lorry war introduced Professor Southwell's address at a train of camels used to carry the Cambridge last year, the British mall and fresh vegetables to the Association again gave considerable inhabitants of Birdsvile. Came's, attention to the matter at its however, had to be unloaded every Dundee meeting.

night and the journey The present time is not one in occupted a month or more, which important; new schemes off reorganisation are likely to be carried through, but none the less the subject of training for industry has gained rather than lost impor tance under war conditions.

MADE TO SERVE

Although, in an

emergency,

often

Pening Bangoon

Magaporn Bourabaya

Balgon Bestow

Bar Fran- Sydney

Vancouvar

Semarang

Shanghal

Every description of Banking and

Exchange business transacted. Loans

plete Foreign Banking Service in the principal Markets of the world. Interest Rates on Application.

SAFE DEPOSIT BOXES

This Bank is entirely owned by TEX CHABE NATIONAL BANK. New Yoax, with Resources of orie U.8.$2,900,000,000,

D. M. BIGGAR,

Second Vice Pres

BANK OF CHINA

Spécially Chartered by

THE NATIONAL GOVERNMENT OF CHINA AS AN

· INTERNATIONAL EXCHANGE

BANK

PAID-UP CAPITAL 840,000,000.00 (BRANCHES ALL ÖVER ČEINA) Owing to our numerous Branches in China and connections in the" principal Commercial Centres of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange.

J

||

Head Office:-SHANGHAI Hong Kong Branch: 4, QUEEN'S ROAD, C. South China Offices:

KONGMOON TOISHAN KINGCHOW

granted on approved securities. CANTON" Current Accounts opened in Local | SWATOW Currency and Fixed Deposita re- SHIUCHOW ceived for one year or shorter. We also handle the taue of Bords. periods in Local and Foreign Cur

rencies on, terins which will be and other Public Funds of the Chineau Government both at Home quoted on application: :"

and Abroad. SAFE DEPOSIT Borns To Lät.

KAN TONG PO,.

Chief Manajer.

SHOV J. CHEN,

Monaper.

INDO-CHINA

STEAM NAVIGATION COMPANY LTD

present arrangements must and Operating Services for Cargo and Passengers can be made to serve, there is every reason for making the best of them,

TO and even for introducing such modifications and Improvements as circumstances allow.

It is a commonplace of this subject that for a manufacturing

country such as this to continue to hold a leading position in the world, even under peace conditions, it is necessary that industry should be carried on with the greatest eficiency. The onset of a highly mechanised

war must intensify

this necessity.

Both the Engineering and Educa- tional Science Sections of the British Association

meet

at Dundee occupied themselves with this questi industr

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and. OSAKA

SINGAPORE, PENANG and CALCUTTA

SANDAKAN HAIPHONG

For further particulars.

please apply tõ-

RDINE M PHON LE

HESON&Co. LTD.

ERALI NAGERS

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