1939-11-23 — Page 9

Daily Press 孖剌西報 All

HONGKONG DAILY PRESS

Finance and Commerce

New Zealand Ranks 6th WIDE DISCOUNT

Amongst Purchasers Of

Canada's Exports

New Zealand ranks sixth amongst the purchasers of Canada's exports. The value of these shipments has increased steadily in recent years, rising from $8,724,225 in the fiscal year 1931/32 to a peak of $37,037,785 in 1938/39. Canada's Imports from New Zealand have also expanded, from approximately $1,000,000 in 1931/32, and 1932/33, attaining a peak of $7,387,272 in 1937/38 but falling back to $3,878,111 in the Ascal year ended March 31 last.

This decline was due, as in shipped from Canada Austraila, to the downward trend Zealand in 1937/38.

Canada

to New

FOR STERLING

།

NEW YORK, Nov. 21 (Reuter) Foreign exchange for sterling spot was firmer with considerable short-covering, while pressure for future was noticeable with dis- count of the widest yet witnessed.

value of al imports by, Canada form. Fij! was $2,758,297 in this year, the total declining to $2,175,- 833 in 1938/39.

| CONCLUSION

The maintenance of the volume of our export trade with Austraha

1 the prices of many primary · Canada's principal importe from and New Zealand is largely depen products, particularly raw wool, New Zealand is unmanufactured dent on the economic conditions which comprised a heavy propor-wool: this product accounted for in these Dominions. Low prices for tion of New Zealand shipments to $3,603,762 in 1937/38 when total their Drincipal exports, wool, Imports were valued at $7,397,273. | wheat, raw sugar and mutton, Preferential treatment to many Hides and skins at $1,343,858 and have had a most depressing effect commodities was accorded by both sausage casings at $1,131,88 ranked and caused a serious shortage in countries between October 1935 (next in importance.

exchange available for the pay- and May 1930 and at the Ottawa Butter imports were valued at ment of Imports. Regulations for the Conference in May 1932 a bilateral unly $1,519 in 1936-37: this increa-control of imports and exchange trade agreement was concluded sed to $744.203 in 1937/38 and, transactions have recently been for one year, this has been re-with the removal by the Canadian instituted in both countries. Price newed from time

time to Government in September 1938 of difficulties may be overcome by the dumping duty applicable to the recent Improvement due to September 30, 1939.

Nearly one-third "of Canada's New Zealand butter under certain the outbreak of hostilities exports to New Zealand in 1937/38 conditions such 853 depreciated Europe but shortage of shipping comprised motor vehicles and exchange, the continued expansion space, high ocean freight and in- parts, with a value of $5,124,535 of this trade may be anticipated. surance rates may, on the other against a total of $16,031,100. Rub- FIJI

hand, exert a restraining influence, berproducts largely tires and

The third unit of the Antipodes, boots and shoes, made up a fur- ther $2,263,456: iron and steel pro-Fi, is relatively unimportant so ducts other than vehicles. $2.241,-lar as exports from Canada are

ܕ܂

487: newsprint, $1,329,649 and concerned. It is, however, an im- NEW NATIONAL other paper products, $835.730. portant factor in the supply of Silk socks and stockings to the raw sugar for Canadian refineries value of $474,909 and other textile with Imports of this commodity products worth 3648,084 were also valued at $2,550,113 in 1937/38, The

> HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE

Bayers Sellers

Sales Nomina)

$1320

81320

£65

SHAREBROKERS' ASSOCIATION

WED.. 22.

NOV.

Banks

H.K. Bank

Do.. (Col. Beg-)

2841 Do. (Lon. Bag.)

Chartered Banka

2- Mercantile Bis. "A"

£11 Mercantila Bks, "O":

$71

Bank of East Asia ...

N. C. & S. Banks ... Insurances

Canton InPSNÖSE

$385 Union Insurances...

Underwriters

H.K. Fiew

Shipping

$205

$175

£10

Dougla

$12

Steamboats

$60

Indo-Chin

$30

82/6

Abelli

$4.20

#1017

$18.80

::.

$15.70 $15.95) #15)

Buyer

Bellers

Sales

Worldz

SAVINGS CERTIFICATES

Defence Bonds For

War Contribution

LONDON, Nov. 22 (BWS)-In statement on the Government's borrowing programme. the Chan- cellor of the Exchequer told the $1330 House of Commons the date had £85 not yet arrived for the issue of a £84

loan on the open market. He an-

£281

£110

972

nounced, however, that two securi- ties would be on sale, as from this morning, which had been designed 50 cts. to enable all citizens, even

small, or very moderate, means to make their contribution.

$203

$385

$170

$70

815

850

$20

82/6

•

(Prof.)

Indo-Chinas Dat.}

$8.10 Waterboata

Docks, Wharves, Godowns, etc.

H.K. & K. Wharves

$4.20 Providenta

ray

*****

Providente {D6W} **** H.K. & W. Decks...

Do. (now)

8.01 Shanghai Docks B. $14.40 New Engineerings 8.

18/0 KalanE

$10

Baube

Miniar

Veneruels Gold Fide

4 cta. Hong Kong Mixes....

Lands, Hotels and Buildings

$4.5 E.K. Hotel

#33 HK. Lamade B.

$10 Do. 4% Debscriures

Shanghai Landa 8.

$11

871

Humphrey..............

H.K Benition

$100 Chinese Estates

Cotton Mills

822 Ewo (8.)

$175 8'hal Cotions (5.) $42

Zoong Sings (8.)

$49) Wing On Textiles (8.)

Public Utilities

...Tramwa

$7 40 Peak Traza (old) · end

* $3.70 Pak Trams (new)

***

$1013 $4.15

3182

8204

814

18/0

$9.00

$331

NEW ISSUE

The first of these would be a new issue of National Savings Cer- tificates to assist to finance the war and which would replace the current issue of savings certificates henceforward. The new issue would be on exactly the same lines as the present certificates, which had, behind them, a successful career of over twenty years.

FINANCE

Sata

SHOE CO.LTD.

HONGKONG SUPPLIES ALL KINDS OF FOOTWEAR

THURSDAY, NOVEMBER 23, 1939.-PAGE 9

Hongkong Daily Press Brooke Bond

CLASSIFIED

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