£931
£91+
HONGKONG DAILY PRESS
*HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE
SHAREBROKERS' ASSOCIATION
Expers Ballers
Buyers | Bellers Sales Nominal TUESDAY 12.
MAR.
Banks
Do. (Col. Bag) ***
#1480 #13001475/ 80
B.K. Banks Con
200
£99.
£9)
231) Marcantile Bha. “A”
26
Do. (Lou, Reg.)
Chartered Banki
2125 (Marcantila Bha, “Q”
877
Bank of Bari Asia ---
N. C. & A. Beaks... Insurances
#1480
£3
£311
£124
$77
50 cta
¡Cinton InsuTANDON ... Union Inmarskom un
#488
#t
Underwrit PAG
8800 190 cta
H.K. Firest Shipping
$186
810
Douglas samost Steambo
$115
$100 Lodo-Chinas
78/9
$90
Shells
Indo-China (Del.)
#103 $100 $190 78/9
Waterboats
97.40
་་
Docks, Wharves,
1997 $487
$185
$120
:::
*!!!!!
$485
::
H
it
FINANCE
Commerce
Finance and
DISPUTE STILL
H.K. Land Investment And INDIAN LABOUR Agency Meeting: Demand For Business & Living Quarters
UNSETTLED
Mill Workers Want Higher Wages
**BOMBAY, Mar, 12 (Reater) - The Government has intervened in the labour dispute without
WEDNESDAY, MARCH 13, 1940. —PAGE RAUB AUSTRALIAN GOLD
CO., LTD.
MINING
REPORT FOR FOUR WEEKS ENDING
24TH FEB., 1940.
The Raub Australian Gold Mining Co., Ltd. report for the weeks ending on February 24, 1940, is as follows:
SECTION Raub ...... Anderson
UNDERGROUND DEVELOPMENT
Shaft
Cross Sinking Driving Cutting and Rising Total
Winging
133
184
273
590
93+
821
178
Bt. Koman Derrick Malacca
130
120
75
325
133
160
387
22
25
47
Total
22
5144
5461
444
· 1,527
The Increased demand for both business and living quartets as a result of the Sino-Japanese bostilities was given as the reason for the large Increase in sales of property and of rent revenue by Mr. $227) David F. Landsdale, Chairman of the Hongkong Land Investment and Agency Co., Ltd. at the Company's ordinary meeting held at Messrs Jardine Matheson & Co., Ltd's board room yesterday noon.
He polated out that the amount | The other sales cover vacant land at credit of the profit and loss on the Praya East Reclamation much success so far. account was $223,517.36 more than and two small lots of Chinese for the preceding year. The act tenements. As is customary the
N.B The Chinese New profit for the year, as shown "in profit obtained on these trans-workers have been out on strike ment footage being less than the
Since last Monday 130,000 mill Holidays account for the develop been obtained so far,, the balance sheet, in 31,372,012.77. actions, together with a sum of for wage increases, owing to the previous month.
The Chairman, continuing, said: $27.509:20, has been transferred to higher cost of living. When ne- I desire to reiterate the remarks general reserve account. made by the Chairman in present- ing the 1937 accounts when he stated that this Company
839
18/6
$10
**
$34
86.03 $5.20 80.10
13:17:
393
PPA
$38)
#38:
#18
$18
3861
好
:
C.D.
Godowns, etc.
8103 H.K. & K. Whare $103.
Provident
$5.05
Providenie (new) .-..
H.I. * W. Dosks...
8121
Do. (@W) pesanand
30 Shanghai Decks 8.
| Now ~Engineerings 5. Mining
18/8 Kala
Baube
10
84. Venesuela Gold Fids
4 eta Hong Kong Min ... Lands, Hotels and
Buildings
$6.60 H. Hotels
H.E. Lands
100 Do 4% Debentures
|#13,20 |Shanghai Lands &
$5
871
H.K. Realtion
Humphreye
$105 Chinese Retaine
Cotton Mills
$43) Ewo (8.)
3170 B'bal Cotions (5.)
$65 Zoong Bing (BL)
$48 Wing On Textiles (8.)
Public Utilities
Tramways
*8 Peak Trama (old)
Peak Trams (DOW)
¡Star Ferrias
$27) T'mati Farrios
Do. (new)
**
98.45 Chios Light (0) 85.55 China Lights (New)
China Lights Rta.
$67 60 H.K. Electric..........
$22
$11
Kacao Electrics ................
21/9 Tractions
23/0 Tractions (prst.)'
Industrials
814.90 Cald., Maog. (Ord.) B.
$54
$38.35| $38,80| $38.25
#
::
$100
**
$424 $179 $8.5⚫
$100
$17.00 $12.10 18
$8 34
$57
*90*
$8.10 st
$67.60
Sandakan Lights .....
Telephonse (old)
8201
Telephones (new)
20,-
then.
has
130,000 ON STRIKE
gotiations with the employees broke down, the Bombay Gov- ernment asked the mil owners
Year being investigated but no gold has
the
No. 3 Level: An intermediate level above the stope was recom- menced primarily for filling but some gold has been found and it is being further investigated.
A drive south from a west cross-
pass commenced during
on ore of good appearance but The mill owners had a meeting
with patchy values has been com- period. on Sunday and issued
menced No. 1 Level: Cross-cutting on ment saying that they could not main south drive has developed Surface: Crosscutting east from
a state-
the stringers intersected in the
Increase their original offer.
L
BUKIT KOMAN SECTION
good grade ore"
the adit, has intersected narrow A winze below stringers some formations of quartz containing (Rea-20 feet farther north has also ex- small quantities of gold "Govern- posed vialble, gold,
RAUB SECTION MORTGAGE POSITION
Surface: One more connection With regard to the position of
has been completed, another sus- taken" no unfair advantage of the that these are being cleared slow- as a result of the war, they got/ed to be used as the main mullock cut at 607 feet south of the shaft mortgages, I am pleased to report If they would grant a bonus ir, pended and a further one intend- political situation and rentals rey but nevertheless satisfactorily, higher profits. main substantially the same as
and it is hoped that. It will ultimately be possible to retrans- The balance un working account fer nearly $100.000. to General ut the Gloucester Hotel shows Reserve Account decrease of 583.405.63. In 1938 an unusual number of commercial and touring visitors passed through the Colony, but in 1939 income from this source decreased and, since the outbreak of war in Europe, there has been a considerable de- eline in the number of transients Various sales of property have been effected, the principal one bemg 1A, Chater Road and 2 Con naught Road which is situated outside the true business centre and it was considered advisable to take advantage of a satisfactory offer and dispose of this property.
H.K. STOCK EXCHANGE
Enquiries continue to expand and, with sellers inclined to hold aloof, prices are hardening.
DUYERS
HK. Bank, $1485. Canton Ins., $227}--
Union Ins., $4871. Fire Ins., $185," Wharres, $102).
Docks, $23.
$12
Cald., Macg. (ref.) 8.
81
Canton Los
$101
819:10
Comente
819j
$5.60 $5.80! $5.60
|
Rope
28,80
Lands, $381.
Miscellaneous
Tramways, $18.
t:
Star Ferries, $67.
China Lights (0), $8.20. Electrics, $87.
Telephones (0), $29.
Ropes, $5.60..
Watsons, $9.60.
Docks, $23.10.
#22
8221 Dairy Farm (Old)... 822
87.40 Ch. Biainments
Dairy Farm (New)
821)
87,40
13
Constructions
(old)
$1.85
81
Constructiona
(DOW)
Lane Crawford
$8
4**
287
14/9
4/
#1
$0.60
Nanyang Tobacco...
$1.80 Binoerm
Watsons
S1 Ch. G.6% 19250 SEds. $100 H.K. Gott, 4% Loans $954 H.E. Gors. 31% Loan 841 H... Wing On
S'ha Wing On
Vibro "Piling
Maramace Int. (Lon).. MATESO Int. (H.K.) Wm. Powell.......... *Balon Shanghai
831
82
SELLERS
B9 60 $91
$9.60/9.65...
61%
100%
Providents, $5.15.
J
900%
China Lights (0), $8,35. Ropes, $5.80.
$10
SALES
$9.10
HK. Bank, $1490.
!
Providents. $5,15.
$2
In the balance sheet you will notice the item of $62,760, for in- vestments. On general political situation
account of the board may consider it advisable to your delay proceeding with a building programme and, in order to avoid having too large an amount of cash tying idie, it was decided to purchase a small number of shares which, if necessity arises, can be readily converted into liquid funds,
"RE-DEVELOPMENTS
The re-development of 12 Des
of
IN NEW ZEALAND WELLINGTON, Mar. 12 ter)-The New Zealand the Auckland Harbour and, at to the rise from No. 2 level. ment has taken over control the same time, has taken power
The winze has been connected
to adopt the same where if necessary.
Course
No. 2 Level: Progress has been slow as the drive has encounter- ed old collapsed, workings, The winze on the eastern zone No. 3 Level: else-of stringers has been continued
Water has ham- pered progress in the sub-level No 2 Level: The present face north drive from the winze. was of the drive north has exposed The north drive has been sus- the visible gold approximately where pended.
The south drive along reef has
The cross-cutting east, north been recommenced. of the shaft, in the wester zone
stringers opened
the trade dispute between The cause of this action
Harbour Board and Harbour anticipated. workers over the new wages grant.
The Government has asked the or Voeux Road Central, which was men to work at the present rate, medium grade ore. contracted for prior to the present pending completion of the Increased cost of construction. is agreement for development of proceeding satisfactorily and new co-operative system. should be completed in July or August:
At the moment the Company's architects are working on the re- development of the St. Francis Hotel, and a decision as to the wisest course to adopt for this particular site with be, taken by your board at a later date.
"
new
Long Drill Holes each 50 feet in only length were bored from the east and west crosscuts without inter- secting values.
No. 3 Level: A winze in which a gold is visible has been commenc- ed at the junction of the jain east crosscut and the north drive on the central zone of stringers
No, 5 Level: The rise has been stopped. Crosscuts off the rise were driven and Long Drill Holes bored. east and west each for a
LONDON METALS This will eventually be the main distance of 60 feet without en-
EXCHANGE London, Mar 11 (Reuter). Dayers sellery TIN
3
258-1/2
3 months 257
25T-1/2 .
In considering the final dividend, Standard, Cash 258 your board has adopted a
con- standard. servative policy and the proposal to declare $1.50 per share, making $2.75 in all for the year under re-
countering reef.
mullock pass of the mine being already mined almost through to the surface the connection for ped. which has already been begun. feet in length were bored from
No. 4 Level; The winze at 213 reet north has been suspended.
The south drive has been stop- Long Drill Holes each 60
the crosscuts but no values were obtained by assay of the sludge,
The winze in the south eastern though quartz was driven through area has been recommenced and in the westerly note. continues to expose visible gold. No. 54 Level: The winze was
No. 5 Level: The main north suspended: drive is suspended to permit of
view, and to increase the balance CHINA PROVIDENT'S stripping and stoping to expose menced carried forward. by $57,320.66, commends itself under existing uncertain conditions.
The adoption of the report and accounts was seconded by Str Robert Ho Tung, and cairted."
DIVIDEND
No. 6 Level: A rise was com
and connected to the the site of the rise-connection winze from 54 level. with the 4 level 213 feet north No. 7 Level: The winze has At a meeting of the Directors winze. of the China Providen; Loan and No. 6 Level:
been continued on low grade Mortgage Co., Ltd., held on Mon-
The main cast values. day. it was decided, subject to the western one recommenced.
crosscut has been continued and audit, to recommend to the share- holders at the forthcoming annual general meeting, the payment of
ANDERSON SECTION Surface: Water has hampered
OTHER BUSINESS Messrs A. Raymond and S. T. Williamson, retiring directors, "were re-elected and Messrs Percy Smith, a dividend of 10 per cent in re-shaft sinking, so pending a pump Seth and Fleming; and Messrs spect of the year ended December installation,"
crosscutting WS Linstead and Davis, were re-elecled 31, 1939, and carry forward to commenced at a depth of 35 feet, auditors for the current year at next account the sum of $121.- and stringer formations have a remuneration of $1,250 each. 576.38.
been encountered. These are now
No. 9 Level: The drive south from the rise was suspended dur- Ing the greater portion of the period but has been recommenced. and gold is visible.
DERRICK SECTION
Surface:
promising
In one of the adits values were obtained Continued on Page 11
7:
LONDON. STOCK EXCHANGE
(REUTER'S SERVICE)
London, March. 11 Chesen Corporation
6/8
1/6
25
16
28
......"14
The following quotations are the Fekin Syndicate... middle prices at the close of the S'hat Elec. Constr, Co. market in London." All quotations S'hai Waterworks "A" are subject to confirmation and no Union Insurance responsibility is assumed for errors Gula Kalumipong Rubber 21/101 in transmission.
Allled Ironfounders Asso, & Elec. Industries 42/71 Austin Motors, ord.
17 Cable & Wireless, New
Form, ord.
Docks, $23.
Lands, $384.
Tramways, $18.107.25.
Watsons, $9.70.
HK. Govt, 31% Loan, 96.
MANILA GOLD SHARES
Atoks 18b, Antamok 13b, Baguio Gold 3s, Eatong Buhay 0123, Big Wedge 20s, Coco Grove 11b. Con
Mines" 0035s. Demonstration 12s, IXL 341. Tpo Gold 10b, Itogon Mining 2315. Masbate Con.. 0815, Mine Operations 094b, North Ga- marines 08, Parscale Gummans 20a, San Mauricio 77s, Surigao Con. 101s: Suyoc Con. 133s. Syndicate Investment 02, United Paracale 26s, Mindanao Motherlode 0936.
HONGKONG
SHAREBROKERS'
ASSOCIATION
SHOE CO.LTD.
BUY EASTER British-American
"HONGKONG SUPPLIES ALL
KINDS OF FOOTWEAR
EGGS From Candy Store, Fine Assortiment Chocolate Eggs, Novelties, Real Egg Filled Choco- late Creams Fancy Designs, Bas- kets, Stands. 10 $1,490.00
15, POTTINGER. 500
STREET. 5.15
Volume of Business Transacted on Tuesday, March 12, 1940. H.K. Banks
FOR SALE
22,90 One 8 HP. vertical Diesel Engine..
23.00 Two Stillco Portable Electric gen- erating sets suitable for yachts
2
J
War Loan 3+% (Red
after 1952) Canton-K'loon Rly. 5%
99+
15
61
Chinese 41% Gold Loan
E-A, Tob. (bearer)
1898 (Brit. Issue) ....... Chinese 5% Gold Bonds.
59
Mexican Eagle
103/1 12-5/8
Cammell Laird, ord......
7/9t
1925-47
514
Mexican Eagle
8/9
Chin, 44% Anglo-French
Courtaulds
36/3
Loan, 1908
50
Distillers .......
85
Chinese 5% Crisp Loan.
1913 (Ldn. Is.)
Dunlop Rubber
34
29
Gen. Electric (England)
81/104
China Providents"...
Chinese 5% Reorg, Loan.
Gulnzess (A) Bạn có co
78
1,000
6.10
"
1912
-40
Hawker Siddeley Airc...
14
Cements
500
19.50
Chinese 8% Ster. Notes,
Bristol Aeroplane
16
500
19.50
1925 (Vickers)
104
Chin. Imperial Rly. 5%
Imperial Chemical Ind. 33/6 Imperial Tobacco
124/41
Loan
55
Marks & Sp'cer. "A" ard. 61/8
Honan Rly, 5%
15
Rolls Royce
Hukuang Rly. 5%, 1911...
.13
Leyland Motors
Hukuang Ely, 5%. 1911
Tate & Lyle
German Issue) ;...
17
Turner & Newall
92/6.. 75 54/10 .67
HK. Docks
H.K. Lands HK. Tramways
100
75
425 38.50
200 18.10
20 18,20
200
18.10
800
18.25
Lung Tsing ̈& U. · Hai
United Steel
.500
23/1/
A.B. WatsoTLE
Rly. 5% 1913
13
Smethwick Drop Forg....
500
15.
18.10 8.75
S'hai-N'King Rly. 5%.
20
Armstrong Stevens, ́ord.
A
Tientsin-Pukow Rly, 5%
Pressed Steel, căm.
5330
18/101
(Brit. Stpd.)
13
Vickers, ord.
20/6
Tlentsin-Pakow Rly. 5%
Woolworths
The total valne is $98,581.50."
04/9
(German Stpd.)
13
Anglo-Dutch
25
Tientsin-Pukow 'Rły. 6%
(Brit, Stpd. Supt. Loan) 13 Tientsin-Pakow Rly. 5%
(Ger. Stpd. Supl. Loan)
13
Jap, 5% Ster, Loan, 1907
54
Jap. 6% Stér, Loan, 1924
58
Western Holdings .........
Ger, 7% Intl. Loan, 1924
71
Sub-Nigel.....
Chartered Bank
98
Tanami Gold Mining ..
Rub, Plant. Invest. Trust Burma Corporation. Commonwealth Mining Marsman Investments 14/9 Randfontein Estates 39/4 15/6 187/6 64.
34
9/104"
―
12
» HK. & Shal Bank (Ldn.
Anglo-Iranian
54/41
Reg.)
03)
Burmah
:71/3
H.K. & Shal Bank (Col.
Reg)
Shell Trans, &Trad.
924
(bearer)
78/9
Chinese Eng, & Mining
*Nomizial
(bearer)
18/0
‡—ex-dividend
or country bungalows. Apply to Bander. Wieler Co. (in Hiquidation), King's Building, Becond floor.
WANTED
1351
Portuguese managing clerk with wide experience of accounts and able to handle stat, age over 30,"
apply to box 134 c/o Hongkong Dally Press.
•Hongkong Daily Press CLASSIFIED ADVERTISEMENTS
„ENGRAVERS
FEI FEI & CO. Photo Engravers
18, Cochrane Street, Telephone No. 22224,
Jimmy's
Flower Bulbs
of
ANGLO - NORWEGIAN required by British Firm. Please Gladioli and Begonia
TRADE PACT LONDON, Mar. 12 (Reuter)——— The Anglo Norwegian Trade Agreement signed yesterday, enables Anglo-Norwegian trade to continue as nearly normally as the war permits.
A Joint Standing Commission will be established and will meet from time to time in London or Oslo on questions arising from the operation of the agreement;
“AUCTIONERES,
GREATEST COLEGION OF BARG MINS IN TOWN:
FAMMERTS AFURIAN IDIOM are B
134
direct from
Holland
obtainable at GRACA & CO.
Dealers in Garden Beeds, Postage Stamps, Picture Books etc, etc...
10
Wyndham Street. Hong Long Established 1898
YOU CAN NOW EXT:-
RUSSIAN FOOD
TABLE D'HOTE $1.00 AT THE
MARBLEHALL
(and Annexe Private Hotel), 34, Granville and 103, Austin Roads, Kowloon, tennis courts. Beautiful garden. Rooms and suites with private bathrooma. All modern conveniences. Apply. proprietress, 103, Austin Road, Phone 50233 and 34, Granville Road Phone 59433.
HOTELS
COOKED IN THE RUSSIAN WAY ALSO A LA CARTE
METROPOLE HOTEL
1940 ZENITH
NEW MODELS' Just arrived NO AERIAL, NO GROUND, Just plug in and play, CHUEN YEE HONG
.54 Des Voeux Road C.
THOMPSON
LADIES
38,
TEA DANCE DAILY2
5 TO 7.30 F.M. MUSIC BY THE METROPOLE SWING BAND
Telephone 24311,
TAILOR
MODERN DRESS
CHEAP SALE
NATHAN ROAD, KOWLOON,
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