1940-01-08 — Page 9

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HONGKONG DAILY PRESS

Finance and Commerce

FINANCE

BANK NOTES IN CIRCULATION

Returns of the Average Amount of Bank Notes in Circulation in Hongkong, during the month end-

RECORD RESERVE U.S. - ARGENTINE CHINA GUARDING December 31, 1939, as certified

IN COLONY

Hongkong's balance of assets over labilties soared from $15,988,508 at the end of September to $17,- 235,869 at the end of October, despite war in Europe and China.

Revenue for October amounted

TRADE TALKS FALL THROUGH

BUENOS AIRES, Jan. 6 (Reuter)-Negotiations for trade agreement between the Argentine Republie and the " United States have broken

WOOL INDUSTRY

The Foreign Trade Commission CHUNGKING, Jan. 8 (Central)

has taken measures to improve and increase wool production and counteract Japanese attempts to seize the wool trade in North Chinn

ป

by the Managers of the respective Banks:-

ADDITIONS TO EXPORT BAN LIST

In Saturday's laste of the Gov- Chartered Bank of India, Aus-ernment Gazette a Ist is given of articles of food and drink which tralia and China, $25,524,824.

Hongkong and Shanghal Bank are prohibited to be exported from the United Kingdom except under ing Corporatlan, $195,232,228.

Mercantile Bank of India, Ltd., the authority of a licence granted

by the Board of Trade. $4,843,727.

Total: $225,500,579.

CONVERSION LOÀN

The 1st of artcies Includes grain and flour and products of The following statement of the the milling, and allied industries, The Commission began its prosecurities lodged with the Crown not including macaroni, spaghetti, gruime in the provinces of It is officially stated that thegansu, Ninghsia, and Chinghal Agents by the Mercantile Bank of vermicelli, oat products for use as

down.

to $4.479,810 and expenditure te $3,180,849, giving a credit balance for the month of $1.293.161.

totalled The October revenue

negotiations broke down because as much as $1,090,175 in excess of the United States placed restricters of Chinal An office has been the principal wool-producing cen- the revenue for the corresponding tons on Argentine products. It established in Lanchow for pur period last year, and total revenue is emphasized, however, that the chasing wool produced in the for the year up to the end at talks took place in "the most)

three provinces. A wosi-cleaning October amounted to $34.775.227, cordial atmosphere."

factory has meanwhile been which was over $4,000,000 more

established there, than for 1938

Some appreciation of the remarkable increases in re- venue enjoyed during 1939 can be gained by the fact that at the end of October the uggie- gate revenue was but half-a million dollars below the as- timated total for the entire

year.

The Argentine Foreign Minister declares that the negotiations will be suspended until circumstances are more favourable.

To prevent wool from being seized by the Japanese, the Lan- chow "omice has promulgated re gulations whereby all wool mer- chants and dealers are required last October. The Kowloon-Can- to apply to the office for permits. ton Railway continued to show a A dortract for the export of loss, but this was offset by an n-wool to Soviet Russia was signed by Post Office receipts,, the Commission last year. Four Increases in expenditure, were which improved by close on $50,- consignments of wool, totalling also realised, but not to the same 000. Land Sales also showed a 44.000 plculs, were sold for $1,858,- extent: October's total was but slight increase, as did licences and 100, $404,039 bigger than that for Internal revenue.

crease

WYLA

October 1938, and the total for the Largest increase among A

Air Raid first ten months of last year was penditure Items

31.051,702 as against $28.218.208. Precautions, which jumped from for the same period in 1938. 34.749 in 1938 to $429,893, Beyond The aggregate for the first ten this there were no startling in- months, was stlly $6.705.431 short creases, although the Police De- of the estimated total for the partment,

whole year.

Charitable Services, CS.Q., and Harbour Department So far as details are concerned, all required more money than largest revenue increase was in year Dreviously. Public Works duties, which jumped from $621.- Extraordinary also advanced from 388 in October 1938 to $1,260,869 $105.305 to $230,678.

H.K. STOCK

EXCHANGE

BUSINESS DONE DURING

THE WEEK

This morning has proved the best Saturday's trading for some considerable time past. Docks again led the field, but they did all to themselves. not have it Hotels, Providents, Watsons. Trams Cements and Telephones. New, were amongst the followers. Sales were reported in Hongkong

HONGKONG SHARE QUOTATIONS Banks at the improved rate of

STOCK EXCHANGE

SHAREBROKERS' ASSOCIATION

Buyer

Sales Bellera

Nomizal

SATURDAY 6.

Buyers Sellers

Josonli

JAN.

$1300

!!!!

$1385

$205

$440

8791

$440

£864

Banks

H.K. Banks.............................

Do. (Col. Beg-}

144

£84! Da. (Lon. Bag.) ... 'Est Chartered Bsaka. ***** 29 Mercantile Bk. "A" £18 Mercantile Bika, "C

878

31+

Bank of East Asia ...

IN C. & B. Banks ... Insurances

Canton InsaTRZONE ...

Union InsuranceS

8435

80 cta

Underwriter

$185.K. Piros

Dongines

$100

$80

$1400.

BUYERA

H.K. Bank, $1,390 Canton Ins.. $205 Union Ins.. 3440

Douglases, $72

Providents, $AL

Hotels, $5,65

Lands. $33

Realties, $4.35

Tramways, $17.30

BRITAIN BUYING

MONDAY, JANUARY 8, 1940. —PAGE 9

THE BEN LINESTEAMERS,

LIMITED.

FOR LONDON and LEITH

For Freight apply

to the "Agents:

W. R. LOXLEY & CO., (CHINA) LTD.

Tel. 34165

York Building.

pearled barley including India, Ltd., against their notes in food, circulation, is published for gener-blocked, flaked, puffed and pot al information under Section 5 of barley, farinaceous substances for the Mercantile Bank Note Issue use as food, cereal breakfast foods Ordinance No. 65 of 1911);—

and similar cereal preparations, Security:4 per cent Conver-dried beans, lentils (including sion Loan repayable 1940-1944: split lentils) and difed peas; meat Amount £240,000: Latest market not including game, dead, fresh price 100-1014.

(chilled or frozen, meat extracts and essences, poultry pastes and meat pastes, "dairy produce, atber than lactose and processed cheese; sions of malt extract and cod cluding mixtures of coffee and U.S. SHIPS

and chicory fresh fruit and vegetables; cocos liver oil, sugar, glucose

and cokee and chi- and molasses yeast; feeding stums for cory extracts bladders, casings

and essences; LONDON, Jan. 6 (Revter)-- butter: Lain will buy six United Blaten sausage skins of sheep and hog animals, animals, living, for food. fish, other than fresh or frozen ships. subject to approval by the gut, sh, fresh or frozen, other

The following articles of food, fish, fresh shell fish, canned fresh than fresh shell fish, Ash canned, while prohibited to be exported herring, canned herring in tomato U" S. Maritime. Commission.

This is the first purchase to be fruit, dried or otherwise preserv- from the United Kingdom to cer- sauce, and canned salmon. announced by the British Minised without sugar faned or bottle tain countries, are not prohibited Articles of food hot specifically try of Shipping and similar trans- ¡in syrup, fruft pectin, honey, izing to be exported to Hongkong:-mentioned are not subject to any and cares; cocoanut, prohibition and no export licance fers are expected in, the ntar lass, olla and fats, refined and biscuits future.

Imixtures thereof, including emul- desleated and flaked; coffee in- is required.

Vasa SHOE CO.LTD.

HONGKONG SUPPLIES ALL

KINDS OF

FOOTWEAR

Hongkong Daily Press CLASSIFIED

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