1940-04-12 — Page 9

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HONGKONG DAILY PRESS

LAMMERTS AUCTIONS

GOOD RESULTS THROUGH

DIFFICULT TIMES

PUBLIC AUCTION. Douglas Steamship Co., Hold

THE

THE Undersigned have received

instructions

to sell by

་་。

PUBLIC AUCTION

Friday, the 12th April, 1940

commencing at 2.30 p.m. '

at their Sales Room, No. 35 Han- kow Road, Kowloon.

A QUANTITY' OF VALUABLE HOUSEHOLD FURNITURE

..comprising:—

Chesterfield · Suites, Hatstands, Sideboards, Dinner Waggons, Din- ing Tables, Chairs, Bedsteads, Chests of Drawers, Dressing Tables, Wardrobes, Teapoys, Desks, Cabinets, Bookcases, etc., etc.,

Tientsin Carpets, Rugs, Cutlery. *Curios, "Ornaments, Pictures, Mir- rors, Clocks, E. P.. Brass, Alumi- ntum. Porcelain and Glass Ware. Electric Table Fans and Lamps, Gramophones and Records, Cam-

Wash

Basins, Crockery Books, Cocking Utensils, etc., etc.

eras,

also

A FEW PIECES OF BLACKWOOD FURNITURE

and

2 Radio Sets.

1 Projector "Agfa"

1 Enlarger “Lizar"

Annual

Meeting

Reference to the effect of the closure of China coast ports on British shipping companies, and also to the effect of the rapidly increasing cost of bunker coal on operating costs of steamers in these waters, was niade by Mr. S. T. Wilkinson. chairman of directors of the Douglas Steamship Co., Ltd., in proposing the adoption of the report and accounts for the past year, at the Company's annual general meeting yesterday morn- Ing.

Supporting. Mr. Williamson, who presided, were Mr. R. V. Wilkin- son and Mr. M. H. Turner (mem- bers of the Consulting Committee) and Mr. C. L. Farmer (secretary). Shareholders present were Messrs. T. Ramsay, H. J. Armstrong, N. y. 4. Croucher, C. B. Brown, W. E Kirby. Han Lau Lam, Ping Sun and Capt. W. B. Pater.

CHAIRMAN'S SPEECH In the course of his address, Mr. Williamson said:—

"I regret to say that the "Sagres” as referred to at the last Meeting is stil detained by the Japanese Navy and no legitimate reason has yet been submitted for her deten- tion which action was very ably referred to by Mr. W. E. Kirby at the last Annual Meeting.

A large amount of repair work has been necessary during the year and our vessels are today in very good condition...

SECONDER'S SPEECH.

FINANCE

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE

Bayer Ballere

SHAREBBOKKES ASSOCIATION

Sales

Sam THURSDAY 11,

Bager "Balluru Babes Wamina

APRIL..

Banks

1497

£93 £93

H.K. Bands

Do. (Col. Bag.) De. Lon. Bag.)

... £ 9 3/18 Chartered Bänks

131 | Marcantile Bka. "A" £12 Marcantile Bka. "0" 874 |Bank of East Aria

N. C. & B. Banka - Insurances

$495

$171

$174 $171

$214

Mr. H. J. Armstrong, in second- motion said: Share"

$22

$211

$197

After paying all Running Ex-. penses. Docking Charges. Insurance ins, the Fremia and all Allowances, the holders appreciate to the full the conditions which the sum available for distribution is difficult $292,190.95 which includes the Company has experienced in its during the current sum of $129,231.76 brought into the operations

year and on their behalf I would Account from last year.

like to take this oppotunity of the Consulting Congratulating Committee General Managers and the Floating and Shore staff on the successful result of the year's operations.

Your Consulting Committee and General Managers propose to ap- propriate this sum as follows:-

To Pay a

Dividend of 10 per cent ($5.00 per share) $100,000.00; To Carry Forward to next Account $102,190.05: $292,190.95,

Approval.

We notice with approval the

I hope will meet with your transfer by the Company to the Officers' Provident Fund of A

and that substantial sum

the Company had contributed a fur- ther ex gratia payment of 5 per cent to the Fund

DIFFICULT. CONDITIONS This showing does not favour ably compare with last year's figures and is accounted for by the extremely difficult trading conditions which have persisted

through

i Electric Refrigerator "Frigi- Ports of Swatow, Amoy and F

daire"

1 Upright Piano by "Moutrie"..

1 Upright Plano by "Dorner, and

Soho Piang”

2 Palis Binoculars

chow being disorganised and clos- ed to us for practically the whole of the year.

CAPT. KIRBY

for

Mr. W. E. Kirby addressing the during the year under review, meeting sald, in part:-When it is which have been mainly caused taken into consideration that the continued practical closure of our customary trading

China coast ports, served by the many years Company

diverting of the necessitated the steamers to alternative routes, the These difficulties are the direct trading possibilities of which were outcome of the Sino-Japanese in-highly problematical, I think the that the cfdent and owing to this we have opinion will be shared

the difficulties found it necessary to deviate" and surmounting of

reflected in to employ our vessels on Southern encountered "and as mins mainly to and from Kwang- the Accounts, is a result for which chowwan and Indo-China Ports to credit is due to all concerned.

I notice that the Chairman re- Hongkong and while this busines,

ferred

relating to a paragraph to be desired in left a lot

the early stages I am glad to be able to the price of coal, which re- On View from Thursday, the 11th to state that in the latter part of cently appeared in the Press and the year there was a general im- which had been reprinted from a April, 1940.

local parachial magazine. In re- provement in earnings...

Cost

ference to this it might be said that, so long as the law of supply

also

1 Fine Carved Blackwood Draw-

ing Room Bult (8 Pieces).

Terms: Cash on Delivery..

of operation has been much heavier than usual owing to additional expenditures caused principally by increased bunker LAMMERT BROS.. coal prices, this commodity hay-

-AUCTIONEERS.

PUBLIC AUCTION.

THE Undersigned have received

instructions

to sell by

PUBLIC AUCTION

dia

Wednesday, the 17th April, 1940

commencing at 5.15 p.m.

at their Sales Room, No. 2 Con- naught Road, Central. (Room No. 205, 2nd Floor).

A VALUABLE COLLECTION OF POSTAGE STAMPS INCLUD- ING A FEW LOTS OF RARE OLD CHINA,

On View from Tuesday, the 18th April, 1940.

Terma: Cash on Delivery.

LAMMERT BROS., AUCTIONEERS,

DONT FORGET

THAT WHEN You are at Home can get the you HONG KONG DAILY PRESS at SELFRIDGES.

ing more than doubled in price and recently we have also had to face increased Insurance and other incidental charges.

SAGRES STILL DETAINED

and demand prevails, enhanced freights, like enhanced rentals and commodity prices, will be a na- tural corollary.

It is unfortunate, however, in the writer did not equity, that apparently, make himself more acquainted with his subject: had It may interest Shareholders to be taken the trouble to do so he.. know that the average dividend could quite easily have ascertain paid during the past 20 years in-ed that there are, incidental to à clusive of the present dividend War works out at only 5 per cent per annum and no dividend was paid for a number of years and it is only occasional cycles in shipping that offset the lean years when ships are frequently operated at a loss and I therefore feel that the adverse criticism levelled against

period, also augmented charges which have to be borbe by tonnage and which, off-set, to

not inconsiderable extent, the higher freight rates of which the writer complains

"Sir Robert Ho Tung, Mr K V. Wilkinson and Mr. M. H. Turner were re-elected members of the shipowners by those that do not Lowe. Bingham and Matthews and Consulting Committee and Messrs.

realise the other side, as in a

Messrs. Linstead and Davis were recent article in the local press from an unexpected source, should

duly re-appointed auditors. be discounted.

LAMMERTS' AUCTIONS

PUBLIC AUCTION,

THE Undersigned have received

instructionS

to sell by

PUBLIC "AUCTION

Friday. the 12th April, 1040 commencing at 11.00 a.m.

at their Sales Room, No. 2 Con- naught Road, Central (Room: No. 205, 2nd Floor).

A QUANTITY OF PERSONAL EFFECTS AND SUNDRIES

also

6 Pleces of Plece Goods

Terms: Cash on Delivery.

LAMMERT BROS.

AUCTIONEERS

H.K. STOCK EXCHANGE

A good, Line of Unions changed hands at $490. H.K, Banks, Docks, Hotels, and Electrics were in fair demand, but the response was not 'free.

BUYERS HK. Banka. $1485, HK, Fire Ins., $171. Docks. X. Rts, $10). H.K. Realties, $4.40. Tramways, $174.

Yaumati Ferries, $25. Macao Electrics, $21. Wm. Powell, $1. Enter ataments, $6.80,

SELLERS Docks Cum. Res., $22. Electrics, $651. Telephones, $28.90.

SALES'

H.K. Banks, $1485/82). Union Ins., $450. HK, Fire Ins. $1734.

Wharves, $100.

Docks Cum, Rts., $211.

HK Hotels. $5.

Tramways, $17,70.

Electrics, $65)

84.40

217.60 1.80 $17.70)

2001

821

829 810.96

$28)

$830 Canion Insmoresweckom ka

Union InsofwBONE

85 cts Underwrikety

H.I. Fire secund Shipping

$150 Doagis

$500

185 eta

FRIDAY, APRIL 12, 1940. -PAGE 9

SAY

Gordon's

...and know what you're

drinking/

GORDONS

DRY GIN

£93

[$1487)

£93

£9 3/16

£31

| £18)

$70

*is, ₤50 of

$930

1171

$150

$10 Steamboats

$10

$130 Indo-Chines

(Prof.)

$100

$80 Indo-Chinas (Dmf.).....

$130

75/0

Bhelle

75/0

871

Waterboats

$7.60

$ 100.20 84.45

$211

*61

$42

19/0

Mining

Docks Wharves,

Godowns, etc.

$100 H.E. & K. Wharves

$4,60 Providents

$6.85:

Providsole (new)

H.K. Docks C. RTS. H.K. Docks X. Rta....

de' Rts.

#41 Shanghal Dock ....

19/0 Kallans ......

9.65 Raabr

Vanezusta Gold Fide

4 cts Hong Kong. Mines ...

Lands, Hotels and Baildings

80.00 H.K. Hotels

$38 H.E. Land.........8.

$10 Do. 4% Debuchures

$14 Bhangbai Lands

H. RealSpa

18 Humphreys

#103 Chinese Eristes

Cotton Milla

$46 Ewo. (8.)

$100 8'hat Cottons (5.)

Zoong 'Sings (8.) Wing On Tertilom (8.) Pablle Utilities

***

88,86

DISTILLERY

LONDON.

COLOURING MATTER

NO INJURIOUS INGREDIENTS

LONDON STOCK

EXCHANGE

(REUTER'S SERVICE)

London, April 10. The following. quotations are the

middle prices at the close of the Gula Kalumpong Rubber · 18/6 market in London. All quotations Allied Ironfounders "...... 14 are subject to confirmation and no | Asso. & Elec, Industries. 38/14 $190, responsibility is assumed for errors | Austin Motors, ord, 15/7

00 105/71

337 8100

84%

$7.00

Sh.20 China Ligbte (New)

***

China Lights Rt...

H.K. Electrica .................. Macao Electrion

8112 Sandakan Lighim.........

Telephones (ok),

Industrials

$14.90 Cald., Kung, (Ord.) &

བླླ; ;

$48]

822

Reg)

Chinese Eng. & Mining

(bearer)

Chosen Corporation

8/0

Pekin Syndicate...

S'hal Elec. Constr. Co. ...

161

S'hal Waterworks "A"

151

Union Insurance ......

291

In transmission.

$100

Cable & Wireless, New

Form, ord.

War Loan, 34%

(Red

B.-A. Tob. (bearer)

Tramways

$17.60)

Peak Trams (old)

||Peak Trams (new)

after 1952) Canton-K'loor Rly. 5% - 15

98**

| Mexican Eagle

121

| Cammell Laird, ord

7/3

$58

Star Ferries

368

Chinese 41% Gold Loan

Mexican Eagle

6/44

$26

T'mati Forrion

$25 $25

1898 (Brit. Issue) ....

Courtaulds

38/11

Do. (new)

Chinese 5% Gold Bonds.

Distillers

6773

China Lights (0)

1925-47

Dunlop Rubber

35/3

Chin. 44% Anglo-French

Gen. Electric (England)

79/4)

Loan, 1908

Guinness (A) Son & Co.

77/0

Chinese 5% Crisp Loan.

Hawker Siddeley Airc.

12/8"

1913 (Lan. Is.)

Bristol Aeroplane

14/41

$20

Chinese 5% Reorg, Loan.

Imperial Chemical Ind.

Talaphones (neW) - Tractions

810 90

1912.

Imperial Tobacco

115

21/0

Tesotions (pest.)

Chinese 8% Ster. Noter.

1925 (Vickers)

Marks & Spicer "A" ord. 51/10)

Rolls Royce

89/41

Chin." Imperial Rly, 5%

Leyland Motors

73/9

$12

Cald., Macg. (Pref.) 8.

Loan

Tate & Lyle

53/6

Canton loos

Honan Rly 5%

Turner & Newali

64/8

$173 Camands

85.55 Bopes

Hukuang Rly. 5%, 1911...

United Steel ........

22/8

Miscellaneous

Hukuang Rly: 5%, 1911

Smethwick Drop Forg.

$21.35

821.45

(German Issue)

Armstrong Stevens, ord.

#6.80

86.80

Lung Tsing U. Haf

Rly. 5% 1913

Pressed Steel, corn,

17/3

Vickers, ord.

17/11

$14

[old]

Constructions

Lane Crawforda

Nanyang Tobacco ....

831

(Brit. Stpd.)

Binceres

$1.85 Shal-N'King Rly. 5%

Tlentain-Pukow Rly. 5%

Tientsin-Pukow Rly. 5%

Woolworths

63/44

Anglo-Dutch

23/11

Rüb, Plant. Invest. Trust 30/9 Burma Corporation

9/6

891

Walioua

$9:20

时

(German 8tpd.)

Commonwealth

Mining

Ch. G.5% 1925373 göda.

Tlentsin-Pukow Rly. 5%

Marsman Investments

E.K. GOTL 4% Longs

102).

H.K. Gort. %% Loma

96%

$30

X.D

$14

(Brit. Stpd. Supl. Loan) Tientsin-Pukow Rly. 5%

(Ger. Stpd. Supl, Loan) 13.

48 $8 Jap. 5% Ster, Loan, 1907

Jap. 5% Ster. Loan, 1924 52+ Ger, 7% Intl. Loan, 1934" -73 Chartered Bank

Randfontein Estates

38/9

Western Holdings

16/44

Sub-Nigel.....................

193/9

Tanami Gold Mining Anglo-Iranian

Bd.

53/11

Burman

69/41

9-3/16

H.K. & Shai Bank (Ldn.

Reg.)

Shell Trans & Trad

(bearer

*--Nornima!

E.K. & Shal Bank (Col.

$39

Dairy Farm........

Dairy Farm

Ch. É'tainments

Constructions

H.K. Wing i

'hel Wing Os Vibro Piling****** Marsmans Inv. (Lon.) Marımanı Iov. (B.I.) Wm. Powella *Balas

"o" Shanghai

SHOE CO.LTD

HONGKONG SUPPLIES ALL

KINDS OF FOOTWEAR

HONGKONG

SHAREBROKERS'

ASSOCIATION

Volume of Business Transacted on Thursday, April 11, 1940. A.S. Watsons "...... 500" $

HK. Banks

9.25

3 1,482.50

20 1:487,50

China Lights (0) China Providents HK, Docks C. Rts.

500

7.90

500

4.40

400

21,50

200

21.50

.100

21.50

H.K.. Docks Rts.

6.50

HK Electrics

€5.25

65.75

* 400

65,75

100

HK Hotels

200

5,00 1,000

15 173.50 13 100.00

65.25 65.75

HK Fires H.K. (Wharves

4,045

*Bales on Wednesday, April 10, The total value is $119,141.00.

MANILA GOLD SHARES Atoks 153b, Antamok 12s, Baguio Gold 218. Batong Buhay olb, Big Wedge 17b, Coco Grove 0815, Con. Mines 0036, Demonstration Uzo, LAL 311s, Ipo Gold 095b, Itogon Mining 218, Masbate Con 008. Con, 198, Suyor Con 1218, Bynd! Mine Operations: 08)s, North Ga cate Inv. 0188, United Paracale marines 0486, Faracale Gammaus 23s, Mindanao Motherlode 093. 171b, San Maurició 658, Surigao

1940-04-12 — Page 9

Comments

Private Research Note