1940-03-18 — Page 9

HONGKONG DAILY PRESS

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE

Bayone Bulları

B130

SHAREBROKERS " ASSOCIATION

SATURDAY 18,]

MAR.

Bayara Ballare Sales Wovina)

#1400

H

!

#1500)

201

Eve

Do. (Lon, Mag-}

31

Marcantile Bka, MA:

$77

F:

BAN

www

***

90h. cts.

Banks

H.K. Banks

Do. (Col. Bag,)

£94/18 Chartered Banke ....

£12 Mercantile Bki, “03

Bank of East Asia ...

N. C. & 5. Banks ......... Insurances

23 Canton Insuraces

| Unión InsurABORI

Underwriters

H.K. Fires missing Shipping

$150 Douglas

$101 Steamboat

$100 Indo-China

Indo-Chinsa (Del.)...

79/4 Shells

Docks. Wharves,

H.K. & K. Wharves | $1004|

$497

$501

31

$185

Uit:

$80

$Waterbɔata

Godowns, etc.

$7.40

***

$1500

£90/16

FINANCE

Finance and Commerce

High Degree Of Bank Of

East Asia's

Asia's Liquidity

Is Well Maintained

"The high degree of Uquidity of our bank has been well main- $232 tained throughout the year and at the end of the period our cash available, including in stock and in transit, stands at over $16,500.- 000. declared Mr. Li Koon-chun. Acting Chairman of the Board of Directors, when he presided at the 21st ordinary yearly meeting of shareholders of the Bank of East Asia Limited, held at No. 10. Des Voeux Road Central, on Saturday afternoon.

ཙྪིདྷམྦཛྫིཏྠཱནྡྷཏྠཾ བྷོདྡྷི ཎྜི ཧཱདྷནྡྷནྡྷཏྟཱ (t p༅། ༄

#106

$106

$0.30

$23.10

23.18/20... Provident

Providenie (new)

$23, 23.10

$3.20 $5.20

H.K. W. Docks... $23.10 $234 #23.10/23...

$3.15

Do." (sw)

$37

#!!!

Mining

unaoms

!!!

25.60

$101

#

$100

37/38

M

$5/4.95

Shanghai Docks B ---

New Engineerings 5.

19/0 Kallane

$9.60 Raubs

$1 Vanenasta Gold Fide

4 cta Hong Kong Mines

Lands, Hotels and

***Building

H.K. Hoteli

H.K. Lands........... | $37)

$100 Do. 4% Debentures

$18,40 Bhanghai Lands 8.

|H.K.” Bunities

$7 Humphreya pen $105 Chinese Estates. .........

Cotton Mill,

$42

Ewo (8.)

$170 8'hai Cotions (8.) ... $55 Zoong Sing (8.)

Wing Ou Textiles (8.) Public Utilities

$18.15 $18.30 $18/18.20

Tramways"

Pak Trame (call) Pank Trame (New)

18.18 $18.26 $18 201/25

$48

85.55 China. Lights (New)

:

$100

$57

Star Ferries .....

#874

Lar

Y'mat Farriss

Do. (new)

$8.20

China Lights (0)

851

Chins Lights Rt.

168

268

H.A. Electrics

$66

#22

Kacao Electrics......

$11†

Bandakan Bighis

$30!

Telephones (old)

8112831.70/11

(Telephones (new)

$39)

$7,40

:

:

20,9 Traction e

23/0Tractions (pret.)

J

$4.95

88

$43

リ

++

$179

$85

$8

$4

$68

$22.40

:

$30

$11.50

20,

Indústrials

$16.00 Cald., Macg. (Ord.) 8.

$12

Cald., Macg. (Fre£) 8.

$1

Canton Low see

$1

$19.80

Comenta

$18.80 $19.60/70

*$5.80

Bopert

$5.30

长

Miscellaneous

$23

Dairy Farm (Old).

823

Dairy Farin (New)

#92

Ch. E'tainmante

87.40

917

Constructions

(old)

.81

Constructions

(new)

371

Lane Crawforda

Nanyang Tobacco....

514 Ch. G.5% 19250 Bds.

$1011

H.K. Govt. 4% Lowan

306

H.K. Govt. Big Loen

$41

H.K. Wing O

'hal Wing On

$10

28}

149

4/-

19

$1.80 Binders

Watsons

Vibro Piling...IVA Maramana Inv. (Lon.) Marapace Inv. (H.K.). Wm. Powella........... *Salem to Shanghai

$1.85

38

$3

$2

$10.85.7...

10

10

i

LONDON STOCK EXCHANGE

(REUTER'S SERVICE)

London March 15. Chosen Corporation

Pekin Syndicate .....

S'hai Elec. Constr. Co.

The following quotations are the middle prices at the close of the market in London. All quotations S'hal Waterworks "A" are subject to confirmation and no responsibility is assumed for errors in transmission.

War Loan, 34% (Red

after 1952) Canton-K'loon Rly. 5% Chinese 41% Gold Loan

.1898 (Brit. Issue) .....

Chinese. 6% Gold Bonds.

Union Insurance

ཝོཎྞ་

89.10

and

"It is indeed. hardly necessary interest shareholders to know that for 'me to say that in view of the a sum of about one million dollars unsettled conditions in the world has been written oti since we today we should continue to bought these properties. Their operate our bank on this sound book value is, therefore, "about Conservative basis," added two-third of the actual cost. In Mr. Ll Koon-chun.

spite of this we have, in accordance Supporting the chairman were with our usual practice, written Messrs. P. K. Kwok, Wong Yun-off a sum of $70.703.04 irum tnis tong. Li Lan-sang. Chan Ching-account. shek, Wong Chu-son, Kan Ying-po

The recommendation

RU

vopr

and Fung Ping-wah (Directors), Directors to pay a dividend of $8- Kan Tong-Do (Chief Manager), Liper share is the same as that or

15

Tse-long (Manager).

CHAIRMAN'S SPEECH Addressing the meeting. Mr. Li Koon-chun said :-

The net profit for the year, in- cluding the amount brought for ward, amounts to $837,312.73 which shows a slight improvement as

was beset with many difficulties. I think you will agree with me, that the result may be considered

the previous year. It represents

6 per cent. on "the Capital value of the share.

H.K. STOCK

EXCHANGE

For a Saturday morning, and a wet one at that, the turnover wĖS particularly good and encouraging. BUYERS

Union Ins., $505. Docks, $23.10." Providents. $5.20. Hotels, $51. Lands, $37. Star Ferries, 387. China Lights (0), $88; HK. Electrics, $68). Ropes, $5.70. Dairy Farms (0), $23. Dairy Farms (N), $224.

SELLERS Yaumati Ferries, $27. China Lights. (O), $8.40. Telephones (N), $113. Watsons, $10.85.

SALES

Union Ins., $510, Fires Ins., $187. Wharves. $106}/108 Docks, $234. Lands, $38/37.- Tramways, $18.20. Watsons, $10.65.

MONDAY, MARCH 18, 1940.—PAGE

H

$45.292.34 Profit:

Vibro

Piling Co. Annual Meeting: Capital Increase Approved

A NET PROFIT OF $45,292.34 ON THE FEAR'S WORKING wag.reported at the tenth ordinary yearly meeting of the Vibro Piling Company Limited at York Building on Saturday, Mr. S.M. Churn, Chairman of the Board of Directors, presiding. supported by Mr. J. J. Basto and Hon. Str Robert Kotewall (Directors) and Mr. FE. D'Alma da Remedios (Secretary).

Addressing the meeting. Mr Chizrn said:-

From the Profit & Loss Account,

you will note that after making

EXTRAORDINARY MEETING

Following the annual meeting.

full provision for Depreciation. an extraordinary genera; meeting Directors' Fees and other charges, was held..."

the result of the year's working

Mr. S. M. Churh, said ----

is a net profit of $45,29234, a showing which, I feel sure you will The letter which accompanied all agree is most satisfactory, the notice convening this meeting

Coming to the Balance Sheet. explains the reasons for the re-, I think you will find that this solutions which are now before statement has been drawn up in you. I cannot add to the state- the usual explanatory

manner, ments contained in the letter. and will not require any com- beyond reassuring shareholders. ments from the Chair, beyond the that there is no intention at the remark that Item $9,892.38 ap-moment to issue any new shares, pearing on the "Assets" side un-and that the proposal to ingrease der the heading "Deferred the capital is a step which is be Charges," is a new one, in that it ing taken now to provide for a ha's not appeared in previous possible expansion in the future. Balance Sheets. The amount is

With these brief observations, made up by two items, one being gentlemen, I formally propose for duty on our Plant in Marilla the adoption of the following re- amounting to $3,097.91, and the solutions: other for Test Expenses also at Manila amounting to $6,79447,

We have not thought it advis able to add the former Item to the value of our plant, because it

1. That the Capital of the Com- pany be reduced from $150,400,00 divided into 10,700 shares of $5.00

MANILA GOLD SHARES I feel, no doubt, that you win fully endorse the policy of your Gold 23s.

Atoks 17b Antamok 13s, Bagulo Directors in transferring a sum Benguet Con, 5.70b, Big Wedge 199. Batong Buhay 011b, $100,000 to General Reserve thus Coco Grove 11b, Con. Mines 00355. bringing it to a total of $2,600,000. Demonstration 110, I.X.L, 35b. Ipo

Gold 10b, Itogon Mining 220, Mas- cannot be said that the value of shares of $3.00 each and that 396,900.00 divided into 32,800

BONUS TO STAFF

compared with that of the pre- vious year. Taking into considera- I am sure that you will support bate Con. 0813, Mine Operation our plant has been enhanced by tlon that the year under review the appropriation of I sum of 09b, North Gamines 061b, Paracalc | the payment of the duty. With $18.135.23 as bonus to members of Gummaus 201s, San Mauricio 776 the staff in recognition of their Surigao Con..181b, Suyoc Con. 13b, loyal and faithful services during Syndicate Inv. 20b. United Para

cale 20s. Mindanao Motherlode The high degree of quidity of With these remarks. I beg to 10s. our bank has been well maintain- propose that the report of the ed throughout the year and as the Directors and accounts as present- end of the period our cash avail-ed be adopted and that the balance

quite satisfactory.

the year.

́able, includiig bullion in stock and of $837,312-73 standing at the HONGKONG

be dealt with as follows:-

To pay a Dividend $8.00 per share on 55,986 shares

in transit, stands at over $16,500.- credit of Profit and Loss Account 000. It is, indeed; hardly neces- sary for me to say that iri view of the unsettled conditions in the world today we should continue to operate our bank on this sound and conservative basis,

To transfer to Re- serve

$335,016.00

4!

each and 32,300 of $3.00 each to

such reduction be effected by regard to the ftem of Test - cancelling the 10.700 shares of penses we have an understanding

$5.00 each numbered 32301 to with our agents in Manila that Capital of the Company which at

both 43000

inclusive. In the these Expenses shall perate as a the date of the passing of this charge on any future contracts secured in that field.

PROFITS APPROPRIATION

'1

Resolution have not been taken or agreed to be taken by any person.

J now come to the question of

2. That the Capital of the Com- -appropriation of SHAREBROKERS'

profits. The pany be increased to $300,000,00 dividend and bonus proposed is by the creation of 67,700 new. ASSOCIATION the same as last year, and would shares of $3.00 each. such new Volume of Business Transacted

absorb little more than half of shares to rank in all respects the profits of the year. Having part passu with the other shares on Saturday, March 16, 1940. China Providents

400 $ 5.20 regard to this and the uncertainty of the Company and that the 100,000.00 HK Docks

300 23.50 of the future. I think Sharehold-Board be empowered to allot "or HK Hotels

100 5.70 I will agree that the distribu-otherwise dispose of these shares 18.135.23 HK. Telephones (N) 500 11.50 tion is liberal in the circumstan-In such manner and at such time

383,281,50 H.K. Tramways

$837,312.73 A.S. Watsons

Union Ins.

FOREIGN CREDITS

To pay a Bonus to the Towards the end of 1939 when Staff the public had adapted themselves To carry forward to a to the new conditions created by new account the war in Europe, there has been a general improvement in business resulting in a welcome expansiuri of over $1,200,000. under the head- ing of Foreign credits. I hope that this improvement will continue but I must say that traders have yet to face many obstacles as long as the present condition In the neighbouring provinces remains L Lan-sang and Mr. Fung Ping- unchanged.

Mr. B. Wong Tape seconded and Ropes. the adoption of the report and accounts was carried unanimously. On the proposal by Mr. Kwong Tse-ming, seconded by Mr. Tao Shuk-hon, the re-election of Mr.

300 11.50 ces. The proposed transfer to as they may determine.

37

18.25 General Reserve at $25,000.00

The resolutions were seconded

300 18.15 commends itself, and I do not s Mr. J. J. Basto and were car-

300 10.65 think that Shareholders will re- 50 510.00 quire me to advance reasons in

5.90 support of it

With thes remarks, gentlemen,

1.000 3,297

The total value is $59.615.25,

YUNNAN'S TEA INDUSTRY

:

ried unanimously.

THOSE PRESENT

Present at both meetings were I formally propose the adoption Mr. 3.M, Churn (Chairman), Mr. at Report and Accounts as orе-J. J., Basto and, Hon. Sir Robert sented and the appropriation of Kotewall (Directors), Mr. EW. profits 25 recommended, and Blackmore (Manager), Mr. F.-E. when the motion has been duly D'Almada Remedios (Secretary). seconded. I shall be pleased to Mr. Lam Shu Chuen and" Mr. M. answer to the best of my ability well.

any questions which may be KUNMING, Mar. 16. (Central)-- asked." The China National Tea Cor- The motion was seconded by Poration has laid down a five- Mr. E.W. Blackmore and carried year plan for the promotion of unanimously the Yunnan tea industry.

ANGLO-ITALIAN TRADE

wah as ordinary Directors for the In valuing our Investment and current year was carried. Loan Account, your Directors are Proposed by Mr. Lo Hau-100% maintaining their conservative and seconded by Mr. Kenneth 854% policy by allocating adequate pro-Fung the re-election of Messrs. 141

visions for bad and doubtful debts Percy Smith, Seth, and Fleming as before arriving at the figures at auditors for the ensuing year was which they are published in the approved. balance sheet before you. There is a reduction of about $1,000,000 under Loan Account and Our Investment shows a decline of a little over $600,000

Our Bank Bul'dings Accounts. Wong Kel-kwong, K: K. Lee, Li tea. The Corporation will which stands at $2,196,000, is far Pak-to. Fung Ping-fan." Li Tungvide them with seedings and ex- Kotewall, seconded by Mr. M. the question of the clearing agree- below the market value of the and many others.

tend technical assistance. properties which make up this ac-

81

count. In this connection it may

6/0

1/6

15

15

28

Gala Kalumpong Rubber 21/3 Allied Ironfounders ......

NAZI RUMANIAN

TRADE

AMSTERDAM, Mar 16 (Reuter)... Reuter learns from neutral sour- ces in Berlin that the Nazis are making great efforts to bring the Folume of German--Rumanlan trade to the level fixed in last year's agreement.

Work on improving the water- ways between the two countries is proceeding with feverish haste. 65/6 All available men and machinery. 33/4"

from the army are being utilised. 81/4) --- -Great-pumps-have-been-set-up

On the proposal of the Chair- THOSE PRESENT

Co-operatives has been opened mán, Seconded by the Secretary. LONDON, Mar. 17 (Reuter)--It Shereholders present included at Niang, Fobal; and Hswining Hon. Bir Robert Kotewall was re- was stated in London yesterday Messrs. J. E. Joseph, B. Wong Tape, | and tracts of land have been elected a Director,

that a representative of the Trea- Kwenm Tse-ming. Teo Shuk-hoa. | leased for planting tea. The Messrs Lowe, Bingham and sury is now en route to Rome 'to Lo Hau-fook, Kenneth Fung. farmers are encouraged to plant Matthews were re-elected Audi- resume trade negotiations with the pro- tors on the proposal of Sir Robert Italian authorities, especially on

SHOE CO.LTD

HONGKONG SUPPLIES ALL.

KINDS OF FOOTWEAR

along the railway lines at the Fine Belections Easter Eggs, Polish frontier for pumping ou Novelties High Class Confectionery from Rumanian to German Fresh Chocolates In Fancy Pack- trucks, owing to the difference in ages For Presentation Easter Holl-

day. the railway gange,

THE BRITISH-AMERICAN CANDY STORE, 15, Street.

Pottinger

Welli

Hongkong Daily Press CLASSIFIED ADVERTISEMENTS

EAT AT

Jimmy's

14

£

99-3/16

15

Assu. & Elec. Industries 42/41 Austin Motors. ord. ...... Cable & Wireless, New

Form, ord.

17

61

B.-A. Tob. (bearer)

59

T

Mexican Eagle"

101/3 12-5/8

Cammell Laird, ord..

7/6

1925-47

51

Mexican Eagle

6/7/

Tw

Chin. 44% "Anglo-French

Courtaulds

38/8

Loan, 1908

50

Distillers

Chinese 5% Crisp Loan.

Dunlop Rubber

1913 Idn. 15.).

29

Gen. Electric (England)

Chinese 5% Reorg Loan.

1912

40

Chinese 8% Ster. Notes.

1925 (Vickers)

101

Chin. Imperial Rly. 5%

Loan

55

Marks & Sp'cer “A” ord.

Guinness (A) Bar & Co. 79 Hawker Siddeley Airc. .... 13/8 Bristol Aeroplane

18 Imperial Chemical Inc. 31/7! Imperial Tobacco

121/3 52

Honan Rly. 5%

15

Rolls Royce

91/104

Hukuang Rly. S, 1911..

19

Leyland Motors

75

NAZIS WILL NOT

Hukuang Rly. 5%, 1911

Tate & Lyle

54/41

BE ABLE TO GIVE

German Issue)

∙17

Turner & Newall

66/7)

Lung Tsing U. Hal

United Steel

ITALY THE COAL

23/3

Rly. 5% 1913

S'hai-N'King Rly. 5%

82

13

Smethwick Drop Forg.

15

SHE REQUIRES

20

Armstrong Stevens, ord. · 6

Tientsin-Pakow Rly. 5%

Pressed Steel, com.

17

ROME, MAT. 16 (Havas) The Italo-German

(Brit. Stpd.)

13

Vickers, ord.

Tlentain-Pukow Rly. 5%

German Stpd.)

Woolworths

19/71 65/41

13

Anglo-Dutch

24

Tientsin-Pukow Bly. 5%

Rub, Plant. Invest. Trust ·33/3

| hardly» possible of attainment,

(Brit. Stpd. Supl."Loan) Tientsin-Pukow Rly, 5% (Ger. Stpd. Supl. Loan) Jap, 5% Ster, Loan, 1907 502 Jap. 8% Ster, Loan, 1924 55 Ger, 7% Intl. Loan, 1824 74 Chartered Bank

13

Burma Corporation - Commonwealth

9/8

Mining

The

13.

| Maraman Investmenta

14/9

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Randfontein Estates

30/44

Western Holdings Sub-Nigel

16/9,

188

9-5/10

Tanami Gold Mining

H.K. & S'hat Bank (Ldn..

.Reg.)

Anglo-Iranian

914

Burmah

Bd. 53/0 70/71

H.K. & Sha! Bank (Col.

Reg)

Shell Trans, & Trad.

(bearer)

79/41

Chinese Eng. & Mining

(bearer)

--Nominal

-ex-dividend,

COST OF LIVING-

INCREASE

Coal Agreement, LONDON, Mar 16 (BWE)-The providing for the transport of 12,-Labour Ministry announces that

Flower Bulbs

of

000,000 tons of German coal at March 1 the official cost of Gladioli and Begonia

year to Italy by rail, is considered, living index figures WLS +79%

above the level of July, 1914.

The newspaper "Tevere" ex- as compared with 77% on Feb- presses the opinion that the Bren-ruary 1

8,000 000 tons year, hence Italy

Rise of two points in a

month

will be compelled to purchase four is equivalent to rather more than year in other one per cent, as the 1814 level ls taken as 100% and the total

million tons # countries.

wast

The same paper suggests Italy change is from 177 to 179, should purchase coal from Russia. The index figure for -food

Italy's annual consumption of the same, namely 61% above the com is about $14,000,000 tons, of level of July, 1914 but there were which only two million come from increases during the month Ar Itan mines..

the prices of coal..

direct from..

Holland

obtainable at GRACA & CO. Dealers in Garden Seeds, Postage Stamps Picture Books etc. etc.

No, 10, Wyndham Street.

Hồng Kong. Established 1896.

YOU CAN NOW EAT:—

ments.

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, 108, Austin Road, Phone 60233 and 34, Granville Road. Phone 59433.

HOTELS

RUSSIAN FOOD COOKED IN THE

RUSSIAN WAY

TABLE D'HOTE $1.00・ ALSO A LA CARTE AT THE

METROPOLE HOTEL

TEA DANCE DAILY:

"5 TO 7:30 PM MUSIC BY THE METROPOLE.. -SWING BAND

#

1940 ZENITH

NEW MODELS 'Just ́strived NO AERIAL, NO GROUND, Just plug in avid play CHUEN YEE HONG

54 Des Voeux Road C...

ENGRAVERS

FEI FEI & CO. Photo Engravera

18, Cochrane Street. Telephone No. 22224,

Telephone 24311.

AUCTIONEERS

GREATEST COLLLCHON OF PARGMNS IN TOWN!

it

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