1939-12-21 — Page 11

HONGKONG DAILY PRESS

Finance and Commerce

Foreign Trade Of China Weathers Storm Of War

Free Provinces Economically Ahead Of Occupied Ports Of The Coast

the

11

North

CUBAN SUGAR

QUOTAS

FINANCE

BRITISH TRADE

IN

NOVEMBER

Exports Show Huge

Increase

NEW YORK, Dec, 20 (Reuter)- LONDON, Dec. 20 (Rester)-It is White House now reports that revealed that British overseas trade" President Roosevelt did not sign in November was £32,000,000 high- the restoration of cuban sagarer than in October, which itself quotas, but a document restoring the former sugar import duties, though no details are given.

The President's Secretary stated that President Roosevelt made a slip of the tongue when he made an earlier statement at a press conterence.

ed favourably on China's war economy.

showed a substantial increase on September, the month of disor ranisation.

SATISFACTORY FEATURE

The total of "exports was only £5,250,000 less than November last year.

October.

SILVER IMPORTS BY INDIA

VISIBLE TRADE

DECREASE

Imports & Exports

For November

According to an official re- port" released for publication by the Superintendent of Im-. ports and exports of mer- chandise (excluding treatsure) as declared during the month of November, 1939, totalled $98,7 millions (£5.5 millions) as compared with $95,0 mil- llons (3.9 millions) In Nov.. 1938.

VISIBLE TRADE

THURSDAY, DECEMBER 21, 1939. -PAGE 11

CHRISTMAS

AND

NEW YEAR · HAMPERS

No. 1 Hamper

Sparkling Burgundy

Gordon's Dry Gin

Black & White Whisky

1 qt.

1

gt.

Gordon's Dry" Gia

No. 2 Hamper

Lanean Extra Dry

Champagne Vin 1933

Black & White Whisky

Hunt's Old Brown Sherry )

Sparkling Burgundy. Grand Vin MousseaUX Black & White Whisky

No. 3 Hamper"

$18.50.

$27.00

Gordon's Dry Gin

$33.00

Hunt's Old Brown Sherry

1 pt. 1. qt.

Gordon's 'Peppermint

Hunt's Fall Rich Port

Special Hampers made to mut Customers Requirements

In terms of local currency the The most satisfactory feature total visible trade of the Colony was that exports showed an in-(excluding treaure) decreased by crease of £10.000,000 in manufac-6.6 per cent in Nov., 1939 as com- tured articles, AS compared with pared with Nov., 1938; and by 6.8

per cent, in terms of sterling.

Imports of merchandise in Nov... 1939 totalled $48.9 millions (£3.0 milllona) 23 compared with $53.6 millions" (£93 millions) in November, 1938, and exports $39.8 millions (£25 millions) "as compared with $41.4 milliona [(£2,6 millioris),

Imports of merchandise in Nov,,| the defence of India Act empowers 1939 decreased by 8.8 per cent. in the Government to impose 00 terms of local currency, and by 9.3

$539,4 millions (£33.1 those anthorised to import silver per cent, in terms of sterling. Ex- totalled

Imports of merchandise decreas- to British India such conditions ports of merchandise in Nov, 1939 millions) as compared with $571.7 ed by 5.6 per cent in terms of local that it may consider necessary re- decreased by 3.9 per cent, in terms millions (£35.3 millions) in the currency and by 6.3 per cent in garding its use and disposal, if the of local currency, and by 3.8 per corresponding period of 1938: and terms of sterling: exports in- Government considers it expedient. cent m terms of sterling.

exports $488.7 millions (£29.9 creased by 1.7 per cent in terms Similar power is conferred on the During the first eleven month millions) as compared with $478.4 of · local - currency, and 10 per

of 1939 imports of merchandise millions (£29.6 millions).

cent in terms of sterling. Reserve Bank of India.

NEW DELHI, Dec. 20 (Reuter)

announced in a Gazette

Despite adverse circumstances, China's wartime foreign trade has carried on as usual and statistics show that there has not been much decrease from the peacetime figures, declared Mr. Tsou Ping-wen, Director of the Foreign Trade Commission of the Ministry of Finance in a special article on "Two Years of China's Foreign Trade During the War" In the "China Times," Chungking.

With the exception of cotton During the first year of the

China which bas

FAVOURABLE BALANCE war, Mr. Tsou reported, China trom

During the second half of 1937 imported more than $790,- become à Japanese monopoly, wood! 000,000 of goods from foreign off, tea. wolfram and antimony which marked the first six months countries and exported more the export of which was controlled of the war China's exports were than $670,000,000. Although by the Chiese dovernment were reported by the customs at more the main exports from Free China, than $350,000,000 as against a little the 1937-8 Imports represent-Due to the lack of foodstuffs in over $340,000,000 of imports, result- ed a decrease of approximate-Shanghai and Tientsin, cereals ing in an export excess of more

from ly" $300,000,000

formed an important item in the than $3,000,000. This showed that It was 1936-7 lovel the exports import trade of China: while, on the early stage of the hostilities yesterday that a new rule under showed a decline of only a the other hand, the importation of had not seriously affected China's The favourable trade little over $70,000,000 during machinery and cotton from abros! exports. the first year of the war as has also been considerably increas- balance was something unusual ir compared with the year be- ed. In parts ke Tientsin, where the nation's recent history.

The trade figures for the first Japanese controlled the fore. The total imports dur- the ing the second year of the war Chinese Maritime Customs, dump-half of 1938 showed a substantial amounted to more than $1,- ing of goods made in Japan was decrease in both imports and ex- the cor- 160,000,000 while the exports noted. Trade figures, particularly, ports from those in reached more than $850,000,-, in relation to exports. In other responding period of 1937. They 000, both representing a con- customs districts in the Japanese have also indicated an increase in areas all showed both exports and imports in the siderable increase over the controlled

Over the 1937-8 levels. The 1938-9 substantial declines. On the con- second half of 1938

of 1937. the corresponding period trary, Chinese customs in figures, however, indicated a

interior have not only recorded a Imports in the first six months of slight increase in imports and

boom in wartime foreign trade but, 1939 were increased to $720,000,000; a slight decrease in exports as have also been able to maintain while exports jumped slightly to compared with

Continued on Page 12 the pre-wa

large export excesses which reflecti statistics. according to Mr.; Tsou.

JAFAN FAILS TO PROFIT Examining the position of the

HONGKONG SHARE `QUOTATIONS

individual countries Mr. Tsou sald STOCK EXCHANGE that despite Japanese efforts o selze resources in the areas which

SHAREBROKERS' ASSOCIATION

Baysm Baller Sales Nomina

they occupy." China's exports to

WED.. 20.

DEC."

Buyers

Bulle zu Salon

Nominal

Japan still fell far behind those to

"

Hongkong and the United States.

Banks

SHOE CO.LTD.

HONGKONG SUPPLIES ALL KINDS OF

FOOTWEAR

A

DODWELL & CO., LTD.

}

WINE DEPARTMENT

Queen's Building

Hongkong Daily Press CLASSIFIED ADVERTISEMENTS

Telephone 20636.

MARBLE HALL

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

This showed the strength of ex- 81335 ports from interior China either

direct to

foreign

countries or

"through Hongkong. On the other hand. Japan occupied the first

21

$1340

£841

£82

,K. Banks

Do. (Col. Bag.) ...

Do. (Loa. Reg.) Chartered Banka

4994 Marcantile B. "A"

Mercantile Bka, "C"

81350

£841

£42

EBI

£291

place in China's Imports during the two years of the war. This was ac- complished only through wholesale North China monopoly of the

$78

Bank of East Asia (a

$78

N. C. & B. Baske

Insurances

80 ct.

8400

market and systematic discriminx- tion against British and American trade with China in the controlled areas, said Mr. Tsou.

$210 Canton Ingaranosa ... :

Union Insuranost ....... Underwritere

$220

8400

.

80 cts.

$190 Fires

$185

Shipping

$711

Douglas

$71

$11

Steamboate

$90

::

Indo-Chins (Prat:)

$60 ·Indo-Chinas (Dat.}...

81/3

Shells......

98.10 Waterbonis

Docks, Wharves,

Godowns, etc.

39"

$120

81/3

.86

H.K. STOCK EXCHANGE

Market "ruled very quiet

but

steady with business done Ja Banks at $1340 and Wharves at $102

BUYERS

HK, Bank, $1335,

Union Ins. $400

Wharves, $101),

Star Ferries, $68

Yaumati Ferries, $23. China Lights (Old), $8.10

iii

China Lights (New). $5

$0.10

Electrics, $53.

-$34

Cements, $184.

Dairy Farms (Old); $201.

Dairy Farms (New), $201..

Entertaininente, $6.80. Constructions (Old), $11.

SELLERS

8102

H.K, & K. Wharves

$101

$4 60 Providente

$4.55

Providenta (new) ....

$194.80...

EE. & W. Dooks... $19.45 $19.60 819 60

Do. (new)

8190 Shanghai Docks.B....

8195

$19.80 New Engineerings 8.

$19.80

Mining

17/0

!!!

1

$10.10

$3

17/0 Kailan ma

810.10 Baub........

$4 Vänezuela Gold" Fide

4 ota, Hong Kong Mines

Lands, Hotels and

Buildings

B.K. Hotels

H.E. Lands ranged.

$100 Do. 1% Debentures $10 70 Bhaoghal Lands

$4.40 H.K. Realtion 4+* Humphreys ...

ex.div. 101 Chinese Estates.....

Cotton Mills

$20) Ewo (B)

#18) (B'hai Cosions (8.)

***

$42 Zoong Bings (8.) .... $481 Wing On Textiles (B.)

Public Utilities

38 - Park Trama (old) ...

88

H. & S. Hotels, $5.15

Lands, $34.

Telephones (Old), $2

$16.80

Cements, $161.

$17

Watsons. $8.95

BALES

HK Bank, $1340 Wharves, $102

$88

$231

$8.05

Docks, $101.80.

Tramways, $17,

Entertainments, $64.

$63

$95

9244

MANILA GOLD SHARES Atoks 18 5, Antamok 18 s. Baguio Gold 15 & Batong Buhay 0130 s. Big Wedge 22 s, Coop Grove 17 s, Cpn, Miries, 0025 b, Demon- stration, 118, East Mindanao 11 s. I XL. 40 b. ipo Gold 141 a, Itogon Mining 278, Manbulso Cori, 017 b. Masbate Con, 101 s, Mind, Mother- Inde 09 s. Mine Operation 10 b, North Camarines 151 b. Parscale #20Į Cummaus 18 b, San Mauricio Ri s. Surizao Con. 16 b, suyoc Con.

14 b, Syndicate. Inv. 020 b, United

Paracale 32

HONGKONG

SHAREBROKERS

ASSOCIATION

Volume Of Business Transacted

on Wednesday, 20, Dec. 1939,

Docka

Providents Electrica

200 $19.60

250

455

30 53.00

?

!!!

B

133)

100%

$4.40

$7.80

$26

$162

$42

$100

$17.90

|Tramways

$4

Peak Trams (new) *

Star Ferries ·

Tinati Ferries

23

China Lights (0)

$8.20

853

#

11

#

28.

是

+

$241

M

$8.85

18/6

Do. (new)

China Lights (New)

China Light Rt.

H.K. Electrics...

$18) Macao Electrics ........

Sandakan Lighia w 11

Telephoom (ok) $31 Talsphones (D) 18/3 Tractions poemas 18/9 Tractions (pl.)

| Industrials $14.99) Cald., Macg. (Ord.) 8. $13 Cald., Macg. (Fref.) 8.

.81 Canton Iosep

Rope PORNO

Miscellaneous

$124 Coments

$8

•

Dairy Farm (Ola)

#201

Dairy Farm (New)

$201

$6.60

#11

Ch. 'tainmente - ............... Constructions

$5.80

(old)

81

Constructions

(Daw)

E

$8.861

874 [Lane Crawfords

Nanyang Tobacco

$1.80 Binceres

47

Watsonm

Ch. G.5% 10:50 #Eds.

$100 H.E. Govt. 44% Lowon

3871 H.K. Gori. 31% Loan

541 H.K. Wing O

B'had Wing On

tsi Vibro Piling

14/6

Maramaše Inv. (Lon.) |---430) | | Maramans Inv. (H.K.}

3

Wm. Powelis

kainoms.

$18/

7

$1

念

RELIABLE TAILORING

LADIES AND GENTS, TAILORS

We are disposing of all our present stocks of Ladies' Goods at price less than cost, as we shall from 1st Janu- ary be changing our business over to the sale of Gents' Goods, and must make room for new stocks shortly arriv- ing.

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

31 Nathan Road, Kowloon

Corner Peking Road.

Telephone No. 501511

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.

FIRST-CLASS

Telephone No. 56846-

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

PANG FUNG. FURNITURE SUPPLIER & DEALER,

Dealing in all kinds of modern teak wood furni ture, and also for HIRE. At reasonable price, with promptly to order. No. 134, Johnstone Road, Hongkong Tel 23350,

DO YOU WANT CHRISTMAS CRACKERS THAT CRACK? COME AND SEE YOUR FRIEND CRACK- ER JACK: WE HAVE FINE STOCK OF CHOCOLATES AND FANCY GIFT BOXES.

.15, POTTINGER STREET.

1344

NEW PEKING CARPETS guar- anteed pure wool 9 x 12 - $175.00 per carpet, low price made pos- sible because of no overhead, apply 10 BAYVIEW MANSIONS, TOP FL.

1313

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THOUSANDS CLEAR EYES „In Beconds...How Lany Way

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AUCTIONEERS

GREATEST COLLECTION OF BARGAINS IN TOWN!

LAMMFETS AUCTION ROOM Lanuner Brunnene

it ad Countr Tieplone No 20224.

BUTTERICK LADIES TAILOR

Ready made Costumes; overcoats, and evening dresses made to order. No. 16 Wyndham at. Tel. 23615.

BEAUTIFY YOUR HOME.

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

FOR SALE

FINE SELECTION OF

clour them in With new potatite kazi. GARDEN SEEDS

GENE. And what a diferenice when, whites are CÍMKE

| sparkling white! Moury back if it falia, Betrusber

soother tired eye like magia, Bitalzimamente. Det

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100% EYE-GENE

97%

#41

$10

Obtainable at "all

from

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GRACA & CO.

leading Drug & Department Stores Dealers in Flower and Vegetable

Bala Distributors:

Beeds, Philatelie Goods, Toys, Etc. No. 10, WYNDHAM STREET,

· ́UNITED TRADERS-Hong Kong. PO. Box No. 620, HONG KONG

31 NATHAN ROAD,

Corner Peking Road.

Tel. 50451.

THE EMPRESS STORE

54 Nathan Road, Kowloon-Telephone 57155

JUST arrived ample selection of FANCY SWEETS, WINE, SPIRIT, LIQUEUR and CHRISTMAS GIFTS.

EXTREMELY MODERATE PRICES

INSPECTION INVITED

PROMPT AND COURTEOUS SERVICE

HOTELS

METROPOLE HOTEL Central, Clean, Comfortable.

All modern conveniences. All rooms with Private Bath. · Mo- derate Dally or Monthly rates. Fully licenced, Tea" Dance Dally. Latest Swing Band. 5-7.30 pm. Tel. 24425.

RADIO SERVICE

יי

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. Kowloon, Hongkong,

228 Nathan Road,

FOR XMAS & NEW YEAR

GIVE A ZENITH 1949 MODEL

58313 ALL WAVE SET.

"

$99.50

GUARANTEE TO RECEIVE LONDON.

PARIS, MOSCOW &c. DIRECT.

CHUEN YEE HONG.

54 Des Voeux Bond C.

Telephone 24311.