1939-12-11 — Page 9

N

HONGKONG DAILY PRESS

Finance and Commerce

Finance Of Allies Improved

STRAITS TIN RESTRICTION REMOVED

LONDON, Dec. 10 (Reuter)—The

LENDING FUNDS SHORTAGE NOW

FINANCE

MONDAY, DECEMBER 11, 1939. -PAGE

Expenditure WEEKLY RETURNS AND REPORTS

Exceeded Revenue In September

H

The Colony's monthly expendi- ture exceeded the revenue during

September, according to Govern- ment Gazette figures issued on Saturday, revenue totalling $3,605,-

BANK OF ENGLAND

Pabllo Deposits Other Deposita:~-

Bankers

Other Accounts Total

London, Dec. 7 (Reuter),

Nov. 30

Dec. 7

&

+

STOP

27,830

47,140

103,500

40,390

88,290 99,820

143,090

136,110

Government

ment Securities

109,830

114,830

Securities:

Discount & Advances

4.630

5,400

22.310

Securities

23,380 28,760

52.800

47,470

1,350

1,350

STOMACH PAIN!

528, 660

693,890

30.72%

27.40%

168/-

168/-

Other

Total

Notes-and Cofres

Total Bullion

Notes in circulation

Kat'o of Reserve to Ilahilities

Price of Gold at which holdings are valued

REMEDIED LONDON, Dec, 10 (Rteater) The LONDON, Dec. 9 (Reuter)—The Colonial Office announces that the money market experienced a fem-

294 and expenditure $3,384,135. 50 per cent, rise in British exports, Governor of the Straits Settle-porary shortage of lending funds in November means a further ad-ments has cancelled the order during the major part of the week.

As a result there was a decreass dition to the strangth of the Allied "made on Sept. 18 proscribing a The shortage was due to the lack

In the balance of asseta over financial position, which is already maximum price for tin in that are in abilities from 316,676,350 at the Colony. The cancellation is effec-to the market's reluctance take up very strong.

end of August to 315,986,508 at the bills offered in early September. The nominal value of Britain's tive forthwith.

Supplies Supply has

Sre

The $27,871.142 represents about; Charitable Services $149,723, which now, however, end of September. The Ministry of foreign, Colonial and Dominion.

Despite this, however, the total three-quarters of the total esti increased by over $100,000: Defence securities is estimated by Colin issued the Control of Tin (No. 2 coming forward more freely, again Clark at £3,500,000,000.

Order, dated December 8 1939, re- ending in favour of borrowers.

month exceeded mated expenditure for the entire (including the Hongkong Volun- Discount broker obtained

teer Defence Corps, the Hongkong 57 that for the same month of last year. The market value is. estirnated by voking, with effect from December the "Economist"

of their requirements of year by almost $200,000, and to As well over 11, the Control of Tin (No. 1 percent, £1,000,000,000, which is equivalent Order of October 17,

Treasury Bills at an average, of date the aggregate revenue for the in value to the sum raised by the

£1. 4.

6. compared with last year. up to the end of September, mobilisation of investments in the

week's rate of £1, 3. 10.

exceeds that for the corresponding Wall Street closed steady.

period of 1938 by over $3,000,000. last war.

The value of France's foreign securities at par is estimated by Rist and Schwob at about £1,250,- 000,000.

The latter order fred

the maximum price on the basis of £230 per ton for standard tin, and the new order removes this restric- tion,

FIRST QUARTER QUOTA LONDON, Dec. 9 (Reuter)-The The October bulletin of the International Tin Committee's de- National City Bank of New York cision to fix the first quarter quota. puts British gold holdings at home at 120 per cent. was reached after and abroad U.S.$2,200.000.000 consultation with those delegations

at and French gold holdings at U.S.(unable to be present #t the

$3,025,000,000.

"The Round.. Table"

meeting.

estimates

that the gold and easily mobilisable STOCKHOLM NOT

foreign investments of both coun- tries to amount to between U.S. $7,500,000,000 and V.S.$10,000,000,-

000.

STEADY NAZI DECLINE Compare this with Germany, whose reserves of gold and foreign exchange, even after the seizure of the assets of the Austrian and Czech national

banks,

CLOSED PORT:

NEW STANDARD

salmon

PRICES

in

New standard prices for pow- dered milk, both for infant feeding and domestic use, and for tinned are announced the Government Gazette on Saturday the new prices becoming effective immediately. and in some cases substitute the prices fixed on

(Reuter) | December 1. LONDON, Dec. 10 The report that Stockholm has 'been closed to shipping is now stated to be untrue. The Swedish Minister in London today stated that the port is open as usual.

were steadily

the

deteriorating since estimated at U.S.$250,000,000 at the war as a result of the progressive most, and whose position has been decline of exports..

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE

Buyers Seifer

Nomina

SHAREBROKERS' ASSOCIATION ·

SATURDAY 9.

Видеть Sallure

DEC.

2811

+683

4

$1330 13:0!

Banks

H.K. Banks

Do.. Cel. Sep.)

Do. (Loo. Reg.)

20 Chartered Banks £29) Mercantile Bis. "*" £11 Mercantile Bka. "0"

Hank of Eori Asia ...

N. C. & B. Banks Insurances #

Cacton Lostramon

$71

#910 $390

$220

$71

$11

4770

$40

.:

1

iii:

Union Insuranoss

Underwriters'

(Prof.)

$200 $390-

#1

$180

$4 30 | $4.40; $4,30

งา

$190 H.K. Fires con

Shipping

Douglass respondenči

Steambogia

Indo-Chines

Indo-Chinas (Del.)....

79/4) Sholls

$8.10 Waterboste

Docks, Wharves,

fiodowns, etc.

$ION H.K. & K. Wharvos

Providents

H.K. & W. Docks... $18.00

Do. (200) «

$199 Shanghai Docks B... $17.50 Naw Engineerings

Mining

$4 Venaela Gold Tide

4 cta Hong Kang Min ...

$19

$10

$4.65 $485 833

$4.30

8100

: 3

A

$33

Providents (DSW)

18/8 Kailas

Raabe

H.K. Landa

$100 Do. 4% Debentures

#

1:

$1330

£841

£291

£111

[50 cta

The following are the new prices:

POWDERED MILK Sodified for infant feeding) Cow and Gate, Full Cream, 2 lbs. $4.90 per tin.: Cow and Gate, Ell cream. 1 lb. $2,54; Cow and Gate. Half Cream, 2 lbs. $4.63; Cow and Gate, Half Cream, 1 lb. $2.05; Glaxo, 2 lbs. $4.47: Glaxo, 1 ib. $2.41; Lactogen, 3 18s. $6.40; Lacto- gen, 2 lbs. $4.50; Lactogen, 1 lb. $2.30: Lactogen.lb. $1.23; Nesto- gen. Full Cream or Half Cream, 1 bl. $2.30.

FOR DOMESTIC USE Anchor Full Cream. 25 lbs. $24; Anchor Full Cream, 5 lbs. $6.95; Anchor Full Cream. 2 lbs. $3.85; Anchor Full Cream, 1 lb. $1.65.

TINNED SALMON

S. and W. Finest Red Salmon. Flat tins, 94 cents per tin,

-

$72 SWEDISH GERMAN

TRADE TALKS TO RESUME

#70

**B50

$20

79/41

$8

#101

$4.28

$1.25/30

STOCKHOLM, Dec. 10 (Reuter)

-The trade and economic nego- Flations between Sweden and Germany, which were broken fr on November 14, are to be resumed in Berlin on Monday,

H. K. STOCK EXCHANGE

The customary Saturday feeling $185 pervaded the market and busines $17,8c recorded, beyond a line of Hotels and another of Docks was on the 18/6 small side

$10.30

21

BUYERS

HK Bank, $1330.

Bank of East Asia, $17.

Union Ins, $395.

Douglases, $71,

Docks, $18

revenue for the

13

COM-

'Bisurated` Magnesia

TO STOP INDIGESTION

in to remove the cause of the trouble excess stomach acid. "Recent medical research and X-ray

experiments proved that"

Chief revenue items for Septem-Naval Defence Force and A.R.P.) ber were: Duties $015,696, which which totalled $335.118

Harbour Department was $117,000 in excess of the 1938 pared with $25,113 in September Laure: Licences and internal re-last year; venue $896,113, which was an in- and Air Services, which aggre- compared with By the end of September re- crease

of $183,415: Post Once gated $123,425 venue amounted to 6/7ths of the $230,426 which was up by nearly $21,592; Medical Department which THE QUICKEST WAY total estimated revenue for the $30,000; Rent of Government pro-absorbed $208.183, an increase of Pensions which took year, being marked at $30,295,416.perty, land and houses $85,005, $24.150

EXPENDITURE HEAVY which was over $40,000 more than $238,666 as compared with $213.- 832: Police Force which required On the expenditure alde, how-jin 1938.

$292,331 as against $269.883, -and abig advance ever, there was

Chiat decreases were shown in Stores Department, which necessi

Kowloon - Canton Railway. during September as compared the with the 1538 ngures. Government which sank from $235.082 In 1938 tated an outlay of $267,418, an spent $854,000 more this year than to $49,957 this year and in Land item which did not appear in the

September expenditure of 1998. last, and up to the end of Septem-Sales, which fell from $144,698 to

There were reductions in ex- ber the year's expenditure amount- | $88,353. ed to $27,871,142, which was just

perses on Pablle Works, Kowloon DEFENCE OUTLAY

and Canton Railway, and a few short of $2.000.000 more than in 1938.

Main expenditure items were: other minor heads.

SHOE CO.LTD

HONGKONG SUPPLIES ALL

KINDS OF

FOOTWEAR

N

Hongkong Daily Press CLASSIFIED ADVERTISEMENTS

LADIES AND GENTS, TAILORS

RELIABLE TAILORING

ད

Large assortment of Guaranteed English Material and Gents Neckties, Shirts, Socks and Collars just ar- rived. Available at reasonable prices. Full satisfaction Guaranteed.

THE JUBILEE SILK STORE Specialists in Gents' Wear, Suits, Bhirts, Pyjamas and Underwear.

31 Nathan Road, Kowloon.

Corner Peking Road.

THE MOST RELIABLE LIQUID INSECTICIDE

GEE, IT'S SWELL

NOT TO BE BOTHERED WITH '

FLIES WHILE WE EAT!

THAT'S BECAUSE

1 SPRAYED WITH FLY-TOX USE ST. BEFORE EVERY MEAL {NOW

DEMAND THE GENUINE WA

FLY-TOX

Lands, Hotels and

Buildings

H.E. Hotels

$4.85

$33)

100

Providents, $4.30.

#1080 Shangha Lands 8.

Raubs, $104.

B.K. Realice .................

$4.40

H. &. 8. Hotels, $4.65

THE

$7.90

Lands, $33.

Hamphreys, $7.65.

$254

Realties, $4.30

$162

Chinese Estates, $100,

$42

Tramways, 16.30.

$100

Yaumati Ferries, $23).

China Lights (Old), $770,

"

•

Electrics, $51Ł.

$8

Sandakan Lights, $lij.'

Star Ferries

8646

Telephone (Old), $24

Y'mati Ferries

#281

Telephone (New), $

Do. (new)

Cements, $15.35,

China Lights (0)

$7.65

China Lights (New)

24.70

$1.76

China Lighta Rta.

$611

$42

41

Zoong Bings (8.)

$16.30 $18 $18.30

$71 Humphreys

Chinese Estaban con

Cotton Milla

$25 (0) Ewo (8.)

1162 8'hal. Cotton (15.)

$48 Wing On Textiles (8.).

Public Utilities

Tramways

Peak Trazza told)

34 Pak Tramu (new)

266

$7.85

***

$8

and

EX

$511

...

$11 $24

HK. Electrice ........

$18 Macao Electrios

**

Sandakan Lighta

Telephones (old) Talaphones · (new) .........

18/3 Tractions

Tractions (prat)

Industrials

18/8

Ropes, $5.20

Dairy Farms (Old), $201.

Dairy Farms (New), $19), Watsons, $8.35,

Entertainments, $8.30.

Constructions, $11.

SELLERS

HK. Bank, $1350.

Obtainable at all leading Drug and Department Stores Sole Distributors UNITED TRADERS BONG KONG

HONGKONG

SHAREBROKERS:

ASSOCIATION

Volume Of Business Transacted On Saturday, Dec. 9, 1939. Raubs

500 $10.25 600 4.75. 14 4.70 19.10 5,000 PB.0.14

China Light (N).

China Light, (N)

H.K. Docks

Buyocs.

18/9

Canton Ins. $220

$14,00

Cald., Macg. (Ord.) 8.

$16.35 85.20

$18

15.25/140..

Cald., Macg. (Fref.) 8.)

Providents, $4.40,

$1

H & 8, Hotels, $4.85

$157

Tramways, $163.

Suyocs

Rope

$5 15

Watsons, $8.60.

$201

$20/80

B201

HK Govt 31% Loan. 971⁄2'

B194

$10

$0.30

Docks, $18.

Providenta $4.35.

$8.35 $8.80.

Canton Loer gemaa

Camacho

Miscellaneona

Dairy Farm (Old)

Dairy Farin (New).

Ch. E'isinments ******

Constructione

$8.95 (c) $1.76

Constructions (new)

Lace Crawfords Nanyang Tobacco ....

47%. |CK. G.5% 19966 #Bds.

#1

$1.75-

]Wabsone

$100 B.. GTI. 4% LORDE

$97897

H.K.'Gort. % Loss

$41

H.K. Wing On a

[8′hat Wing. On span

#&*

Vibro Pillag

#8)

14/0

|| Maramana Inv. (Lam.)

4/0

iulis i

Marumano Inv. (H.K.) ¡Wm. Powells Misemone *Sales to Shangha

SALES

H. &. S. Hotels, $4.67%.

Dary Farms (Old), $20.40.

MANAILA GOLD SHARES

200

8,000 P&.0.131

NAZIS PUBLIC DEBT RISES

10

(Reuter)-- LONDON, Dec. Official figures issued in Berlin today disclose that Germany's pub- lic debt in August and September The increased by £226,000,000: total of the public debt of the Nazis is now over £3,000,000,000.

$8.36

Atoks 18b, Antamoks 151s, Baguio 47*1. 100% Gold 168, Batong Buhay 01106. 91%

Elg Benguet. Consol, unquoted, #1 Weize 21th, Coco Grove 178, Consol. #10

Mines 0025b, Demonstrations-0818, East Mindanao 06. LI. L. 418, 1639, Paracale Gummaus 181b, 8an Ipo Gold 2735, Itogons 205, Mam Mauricio sis, ex, diy, Surigao Com. bulas 101b, Masbater 02, Mine 17a, Suyoc Con 13+b, Byndicate Inv. Operation 108, North Camarines 0206, United Paracale 31.

Telephone No. 50451

Jimmy's

AUCTIONEERS

GREATEST COLLECTION OF BARGAESS IN TOWN;

:.:

LAMMERT S- AUCTION ROOM Langnert Bhother. 2. Com rught

Pad Control. Telephone No. 20224

ENGRAVERS

FEI FEI & CO. Photo Engravers 18, Cochrane. Street. Telephone No. 22224,

BUTTERICK LADIES TAILOR

SUMMER

Bisurated Magnesia contains the quickest-acting and most effective Antacid and stomach correctives

known to, medical science.

Also obtainable in large econo- mical bottles from all Chemists and Stores.

MARBLE HALL

(and Annexe Private Hotel), 34. Granville and 103, Austin Roads, Kowloon, tennis courts. Beautiful garden. Rooms and suites, with private bathrooms, All modern conveniences. Apply proprietress, 103, Austin Road. Phone 50233 and 34 Granville Road. Phone 59433.

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.

FIRST-CLASS

Telephone No. 50846.

SHANGHAI LADIES' TAILORS

Large Selection of Ready Made Ladies' Fur Coats, Winter Costumes and Overcoats always in stock at reasonable prices.

Alterations undertaken on Ladies' Furs and Foxes.

LONG KEE

31 NATHAN ROAD

Corner Peking Road.

THOMPSON

LADIES

Ji

38,

Ready made Costumes, overcoats, and evening dresses made to ordez. No. 18 Wyndham St. Tel.

23615.

BEAUTIFY YOUR HOME.

"

. Flowers beautify and make the Home attractive as nothing else can do.

FOR SALE FINE SELECTION OF GARDEN SEEDS

from BUTTON & SONS, Reading, ARTHUR YATES & CO., LTD., Sydney.

GRACA & CO. Dealers In Flower and Vegetable Beeds, Philatelie Goods, Toys, Etc.

No. 10, WYNDHAM STREET, [P.O. Box No. 620, HONG KONG

Tel. 30451

TAILOR

MODERN DRESS

CHEAP SALE

NATHAN ROAD, KOWLOON.

HOTELS

METROPOLE HOTEL Central, Clean, Comfortable. All modern conveniences. All rooms with Private Bath. Mo- derate Daily, or Monthly rates. Fully licenced. Tea Dance Daily. Latest Swing Band. 5-730 pm. Tel. 24425.

RADIO SERVICE

For prompt and emelent service in radio repairs, and paz- chases of "ZENITH" long distance radios for 1939, always call at

EASTERN RADIO SERVICE LABORATORY. Kowloon, Hongkong.

228 Nathan Road.

FOR XMAS & NEW YEAR

GIVE A ZENITH /.1944 :: MODEL

58313 ALLWAVE SET..

$99.50

GUARANTEE TO RECEIVE. LONDON. PARIS, MOSCOW &c. DIREATE. CHUEN YEE HONG

54 Des Voeux ́Road 0.

Telephone 24311