1940-04-24 — Page 9

HONGKONG DAILY PRESS

Finance and Commerce

Overseas Chinese Mission COMMODITY PRICES

Makes Investments

የኒ

At least two reconstruction projects have been started by the in South Seas Chinese Comfort Mission whose leaders are now

One is the establishment of a non-profit-making phar- Chungking. .maceutical works to make medicines for China's soldiers, and the

other a $1,000,000 rubber factory.

According to Tjunk See-gan (Chung Hsi-yen), deputy leader of the delegation, the medical plant will have an initial capi- tal investment of $200,000 by

Chinese residing in Overseas the British Malaya, Additional amounts to defray operating expenses will come from the same sources.

Indies are raising F200,000 to buy quinine tablets for rellet purposes in China. Another $100,000 worth of the febrifugal drug is reported on the way here from Malays.

IN YUNNAN

local authorities for

FINANCE

Yellow Silk Exports From China

"In addition to improved white silk. Szechwan has a plan to a

LONDON STOCK EXCHANGE

(REUTER'S SERVICE)

London, April 22. The following quotations are the middle prices at the close of the market in London. All quotations are subject to confirmation and no responsibility is assumed for errors in transmission.

+

£

997

* KUNMING, April 23 (Central)crease its production of yellow Negotiations between Dr. Franklin silk by one-third this year. Instead L. Ho. Director of the Agricul- of 10,000 piculs in 1939, it will seek tural Credit Administration; and to deliver 15,000 plculs. A sizeable

(Red War Loan, 31% amount of this will eventually the the

after 1952) find its way into Burms, where the Canton-Kloon Rly. 5% 15 people prefer Chinese yellow dik Chinese 41% Gold Loan to other varieties.

1898 (Brit. „Issue) ............. Chinese 5% Gold, Bonds.

1925-47

stabilisation of commodity prices in Yunnan have been completed satisfactorily. Dr. Ho. it is learn ed, will fly back to Chungking today.

It was decided that a purchase arid distribution office will be Mr. TRA Kah-kee and Mr.

established here to regulate the Tjung have been making detailed

A daily necessities. supply of Investigations since their arrival

Rice Storge and Distribution from Rangoon by plane. They office was established yesterday visited many industrial factories The plant will

the supply for regulating and witnessed various wartime start producing aspirin, jen

foodstuffs. activities in Chungking. They at- tan and other palliative and

tended the sessions of the People's curativr Oriental

reassured Political Council and

this year,

medicines

those present of the unwavering M JOINT OPERATION The other factory will be devoted loyalty and support to General's- mainly to the manufacture and simo Chiang, and the National their 10,000,000 vulcanizing of rubber motor tyres, Government of

SIX PARTIES

Ꮀ

1

LONDON STOCK MARKET

of

RAYON COMPETITION Yellow silk from northern parts} of Szechwan was generally con-Chin. 41% Anglo-French

Loan, 1908 signed to Shanghai in pre-war days, while that from Southern Chinese 5% Crisp Loan,

1913 (Lda. k) Szechwan was sold mostly to peo- ple in French Indo-China, Burma Chinese 5% Reorg. Loan. and India. In record years, Szecti- wan exported as much as 7,000

52

50

27

1912 Chinese 8% Ster. Notes,

1925 (Vickers) piculs to Burma alene, roughly chin. Imperial Rly, 5% one-tenth of its annual output. Loari

37

11

60

In recent years, however, Szech-Honan Rly. 3% wan yellow silk suffered considera Hukuang Rly. 5%, 1911. bly from the competition of rayon Hukuang Rly, 5%, 1911 The first organized efforts to re-

.German Issue) capture the Burma market began Lung Tsing & U. Hal last year when Yunnan silk mer- Ry. 5% 1913 chants who have been doing bus- S'hal-N'King Rly. 5%... iness with Burma for decades band-Tientsin-Pukow Rly. 5%

SPECIAL PERMISSION

· LONDON, Apr. 23 (Reuter) Although the Imminence of the for which this country has been compatriots in the South Seas Budget has restricted activity in the Stock Exchange, the market depending on foreign countries. It Islands,

was, generally, cheerful. Gt-edged will be operated jointly by the $10,- National Tea 000,000 China

The visiting group have been securities quietly improved while

Burma Raw Silk Company in and Corporation

Industrial divided into six parties and visited gold mining shares were supported together to form the Funnan- (Brit, Stpd.)

fronts, and presenting by local investors. Oils are brighter magnates in Penang, F. M. B. Ar-¡ various

capital. rangements have been made to the their gifts of cash, medicines, on the growing demand and wall Kunming. It has a large working

Street was firm. effect that 30 per cent of the clothing and foodstuffs. capital is to be subscribed by the The Overseas Chinese Comfort former, while the rest by the Mission to China is headed by latter. The factory" will have a Mr. Tan Kah-kec, 69, a well-known although it is generally believed Mr. that the amount ranges between production capacity of 100 tyres industrialist from Singapore. day. Its equipment and personnel Tjung See-gan, the deputy leader. $200,000,000 and $300,000,000.

The delegatiori will remain in will be mostly obtained from halls from Batavia, Java where he Penang, a world-famous rubber-is director of an import company. China for six months. producing centre.

Mr. Tan estimated. conservatively Emulating their compatriots in that the total capital of the

Malaya, the British

overseas overseas Chinese in South Seas

s

$100,000,000. worth Chinese in the Netherlands East Islands

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE

SHAREBROKERS ASSOCIATION

Nomica TUESDAY 23.

APRIL.

Buyer Beliora

Bales ennal

Bayers Sellers

$1500

2934 2031

Bank

H.K. Banks amazin

Dv. (Col. Reg.)

Do. (Lon. Eng.).

£ 9 3/16 Chartered Banks **

: F31 Marcantile Bka. "A

2128-Marcantils Bk. "C"

Bank of Bari ásia ...

BIBOS

H.K. STOCK EXCHANGE

There was a shade more of a turnover during the day, alded by a line of Larids at $364 and some Unions at $502).

BUYERS

HK. Banks, $1500. H.K. Fire Ins...$172. Douglases, $120.

ລທ

17

13 31

13

13

គ· ·

Tientsin-Pukow Rly. 5% (German Stpd.) .................... Tientsin-Pukow Rly. 5%

(Brit. Stod. Supl. Loan) 13 Tientsin-Pukow Rly. 5% Silk is one of the articles the

(Ger, Stpd. Supl Loan) export of which has been placed Jap, 5%. Ster. Loan, 1907 under the Foreign Trade Commis-Jap. 6% Ster. Loan, 1924 sion But the company in Kun-Ger 7% Intl. Loan, 1924 ming was granted special permis- Chartered Bank sion to ship but 2,000 piculs of new HK. & Shai Bank (Ldn. yellow silk Actually, however, it

Reg.) exported 3.500 piculs, including HK. & S'hai Bank (Col.

Reg) 2.000 piculs keps over "from the

Chinese Eng. & Mining previous season.

(bearer)

One of the best selling points about the Szechwan yellow silk Chosen Corporation used to be it's low cost of produs- Pekin Syndicate tion. Since the war began, its price S'hai Elec. Constr. Co. S'hal Waterworks "A" has steadily gone up. Last year, it

Union Insurance sold at $3,000 a pleul It may go Gala Kalumpong Rubber even higher this year This may Allled Ironfounders. increase the difficulties, for Chin-

Asso. & Elec. Industries ese exporters as they have to face Austin Motors, ord. foreign competition.

RUMOUR FROM JAPAN

WEDNESDAY, APRIL 24, 1940. —PACE 9

| Economic

Economic Self- Sufficiency

In South East China

Most of the provinces in south-east China are economically self-sufficient, according to Mr. Sun Hsina-tsun, noted rural economist," who recently arrived in Chungking following an ex- tensive tour through the southeastern provinces,

stated.

Chekiang, for instance, be said, ing a majority of the much-need- began its programme of heavy and led raw materials, The number of light Industries with the estab- ‡ factories is expected to be increas- ishment of a big irun works. Ta-ed to 60 within this year,

Rapid progress towards self- day all the "Chung Chen" (cour-

both heavy and name of tesy

Generalissimo sufficiency in Chiang Kai-shek) riffes and light light industrial development has machine-guns used by the people's been made in the provinces of and Anbwet, Mr. Sun militia are made in that factory. Fukten

DAILY NECESSITIES

CRUX OF WORK Daily necessities are supplied by · various handicraft factories which The crux of the work for econo- have sprung into existence here mic development in the various and there throughout the pro- south-eastern provinces, Mr. Sun

in Hes

preventing vince. Within half a year, a new analyzed.

resources from," being 5.000-spindle cotton mi will be economic in full swing. In transportation, seized by the enemy;

In 1938, for instance, :1,000,000 there are in Cheklang 12000 hand

were transported carts whose capacity equals 1,000 piculs of rice "Trucks of two and a half tons from southern Anwer to Wuhu.

each

which is in the hands of the Ja- In Kiarigsi there are at present panese. In 1939, however, Chinese

25 light industrial plants furnish-political and military authorifies succeeded in buying 500,000 piculs of rice from Anhwel.

BLOCKADE TO BE STERNER STILL

PARIS, April 23 (Havas)—An to reinforce the

The products closely guarded by Chinese authorities include" wheat. glutinous rice, spring and autumn cocoons In Southern Klangsu; cereals, ten, yellow beans, sesame Allied decision

and cowhide In Klangs. More blocksce in south-eastern Europe, than 100,000 piculs of cotton were

BITest the alming to definitely

from transported

Hwangmet. flow of goods to Germany, is seen Hupeh Province, to Kinngsi last

year.

by politicians, who point out that the Allies action is aimed exclu-

Currency and financial condi- sively at strengthening the block-

tions in the rural districts of the ade. Hence the Balkan. States

various south-eastern provinces. have no need to fear any Franco Mr. Sun continued, have also been British military action.

gratifying. The credit of the Meanwhile, the Reich attempt-banknotes issued by the different ed to counter-act the Allies' plans provincial banks has been high.

when they dispatched Dr. Clodius to Bucharest

LOAN SERVICES four government banks:

trade through alluring promises the Central Bank, Bank of China," Communications and of German machinery in exchange Bank of mainly for Hungarian and Farmers Bank of China, do not 'Rumanian whent......"

issue loans in south-east China. However, the Relch's hopes are Loan services are mainly rendered already dwindling due to the by the provincial banks. fact that the harvest in Danubian amount of loans issued in Kfangs!

be very totalled $5,000,000 and that in Ghe Europe is expected to poor, and also owing to the Allies kiang $1,500,000, Loans were also extended to farmers engaged in massive purchases.

tea cultivation in Anihwel Province. To counteract the enemy dump ing and seizing, according to "Mr. Sun. an effective network of economic control organizations has been set up in the south-east. Among other organizations were mentioned the all, ten; cotton and silk control

bureau, handicraft industries advisory bureau, high- transportation company, Way

6/3 17/11 17/104

13

45

52

9-3/16

934

931

and Budapest try to develop German-Rumanian

to

The

18/9

8/6

2

15

15

291

18,3

14 40/13-

15/8

Docks Rts, $6.60,

Cable & Wireless, New

Form, ord.

5721

£93

Providents, $4.35.

B.-A. Tob, (bearer)

103/9

£03+

£ 3/18

H.K. Lands, $362.

Mexican Eagle

12

Armstrong Stevens, ord.

Electrics, $65.

:

£31

5128

Telephones (0), $28.80

Cammell Laird, ord. Mexican Eagle

7/44

Pressed Steel, com.

6/14

'Vickers; ord.

874

Cements, $17.

37/3

Woolworths

60/3

N. C. & 8. Banks

Insurances

Н

150 ct.

Dairy Farms, $21,60.

economic Distillers

BY

Anglo-Dutch

21/6

Watson's, $9.35.

$230

$500 Union Insuranom ...

9500

$500

Lane Crawfords, $1,90,

75 cts

Mm. Powell, $1.

H.K. Fire ----

#171

Entertainments. $7.

Shipping

blockade of Germany, Britain has Dunlop Rubber proposed the conclusion of a trade Gen. Electric (England) agreement with Japan, according Guinness (A) Son & Co. to the Japanese newspaper, Nicht- Hawker Siddeley Airc. ... Nichi,

Bristol Aeroplanee

36/6

Rab, Plant. Invest. Trust

29/9

80/14

Burma Corporation

9/3

77/9

Commonwealth

Mining

12/9

Marsman Investments

13/9

14

Randfontein Estates ...

38/9

424

Dongines anderem

$120

811" Stammbosit

$11ł

Docks Cum. Rts., $22.

8100

HK. Lands, $37.

$150

Electrics, $651.

72/6

Telephones (N), $10.40...

800+

Provident

$4.35

H.K. Banks, $1503.

· Unions Ina.. $502).

The paper points out that "ster!- Imperial Chemical. Ind. ing

bloc countries constitute Imperial Tobacco Japan's most important export Marks & Spicer "A" ord. markets, The London correspon- Rolls Royce ... dent of the Nichi Nicht says "well- Leyland Motors informed circles emphasise the Tate Lyle striking change recently noted in Turner & Newall the British Government's attitude United Steel- towards Japan."

31

Western Holdings

16/41

113/0

Sub-Nigel

195

47

Tanami Gold Mining

Bd.

90/101

Anglo-Iranian

53/9

72/6

Burmah

70/71-

54/6

Shell Trans

& Trad

64/74

(bearer)

23

Smethwick Drop Forg.

13/9

+

H.K. Docks C. RTS 2013 $22

"

FK. Fire Ins., $175.

819

30

'do Rta. Shanghai Docks §. ... Mining

$6.76 $8.85.

HK Mines, 6 cts.

863

HK, Lands, $381.

China Lights,(), $8.05.

16/9 Kailas

18/9

Electrics, $65)...

39.65 Rabe

$9.76

Venezuela Gold Tide

ม

Telephones (0), $29.

5 ctm.

873

$171

$120

i i-

::

$230 Canton Jasurwoont...

85 cta. Underwriters.

890

72/6

$4.35

$6.60

$22

8100 Indo-China (Prof.)

Indo-China (Del.)... Shells

$6.50 | Waterbosta vamman

Dacks. Wharves, Godowns, etc.

899.K. & K. WALTON

Providente, (new) ....

819 40 H.K. Docks X. Rts....!

$6.00

C

SELLER$

Watsons, $91,

SALES

TOKYO, Aprli 23 (Reuter)-In Courtaulds connection with the

*-Nominal

t-ex-dividend

72/6

hand

war.

cart administration, area products transportation and consumption bureau and coopera- tive affairs

in administration' Cheklang;, wartime trade bureau, rural cooperatives committee and industrial company in Klanga: trade corporation and transporta- tion company in Fuklen and food purchasing committee in Anhwei.

#

$65/

$655

..... $364

Hong Kong Minas ... Lands, Hotels and Buildings 34B.K. Hotels 830 H.K. Lands $10 Do. 4% Debachares $14.70 Bhanghai Lands B $440 HK Realties.......

88 Humphreyu' ---- $103 Chinese Estates ..........

Cotton Mills

(8.)

800 Bwo

$230 B'hel Cottons (B) ...

Zoong Slugs (8.) Wing On Textiles (B)

*242

237

$100

E

$120

Public Utilitie

#18

Tramways

3172-818

26

Pask Tram (old).

184

Peak Trams (men) ...

$58

Star Ferrine

895

Yati Ferzios

Do. (now)

muune

#672 $251 $7.00 $8.05 84.90.

$68

8671

44

China Lights (0)

86.20 China Lights (New)

811

$28.00

29

$10.35

$17

#5h

$21.80

1

$7

071

፡፡

!!!

#

$17

Chios Lights Ilta.

H.K. Electrian, “.................

8221 Macao Electrics

Bandakan Lights..... Telephones (old) Telephones (new) Tractions Tractions (pruk.) Industriala

$65 266 #651

$24.90

410.20

814.90 Calil, Haog: (Ord.) 8.

Cald., Macg. (Pref.) 8.

$12

81 Canton I

811

12

$9.35 $9

Caraunts

Bopes

Miscellaneou Dairy Form......

Dairy Farm

Ch. Etainmoula, M Constructions

(old)

Construction (DPW) Lane Crawforda

Hex

Nanyang Tobacco ..

Bidouree Watsons 69% Ch. G.5% 1826 Bds.

8102

$97.

H.E. Govt. 4% LowasTM H.K. Govs. #1% Longa,

$39 H.K. Wing On

N'hai Wing On .... Vibro Piling

Marsmans Irve. (Lon.)-

Marumans Inv. (H.X.) We Powell *Baleno Shanghai

#

::

14.40 87.90

$39

$270

HK. Ropes, $5.58.

Lane Crawfords, $8.

MANILA GOLD SHARES

Atuks 16b, Antamok 11b, Bagulo Cold 185. Batong Buhay -0095s, Big Wedge 17s, Coco Grove 085, Con. Mines .0025b, Demonstration 083, T.XL 31b, Ipo Gold 07s, Itogon Mining 20b, Masbate Con 0819, Mine Operations 083, North Ga marines 0478.. Päratale Guimaus 141s, San Mauricio 605, Surigao Con. 178, Suyoc Con. 12b, Syndicate Inv. 0178. United "Paracale 21b. Mindanao Motherlode 08b.

HONGKONG

SHAREBROKERS”

ASSOCIATION Volume Of Business Transacted on Tuesday. April 23, 1940. HK, Banks

5 $1,505.00 18 1,500.00

8.05

SHOE CO.LTD.

· HONGKONG SUPPLIES ALL

KINDS OF FOOTWEAR

POSITION: VACANT

Hongkong Daily Press CLASSIFIED ADVERTISEMENTS

FOR SALE

Concrete bathing shed; 2 chang- A vacancy exists at the Royal Armament Depot for a Temporarying rooms; 2 shower baths, one Assistant Armament Supply om-pantry, with water laid on: 2 cer, commencing salary $3,600 H.K. closets: large verandah; situated rising to $7,200 per annum. Only on Clear Water Bay Road nine Europeans of British birth can be miles from Star Ferry. Water al- ways clear. Apply Hon. Sec. R.A. considered.

Mess, Kowloon.

Candidates should have attained

a good standard of education, pre- ferably full time up to the age of 18. A knowledge of engineering or chemistry will be an advantage. 8.05 Experience in the control of labour 8.65.1 staffs will be a desirable qualifica- 17.00 *tion."

120

China Lights (0) 1.500

21/0

-100

8.05

150

850

Cements

500

81

HK. Tphones (0) 500

29.00

$17

Star Ferries

200

67.75

854

Unions Ins.

50

500.00

$21.0

3,871

TAR

$0.80

***

The total value is $114.005,00.

$1.85

INSC. COMPANY MEETINGS

831

$2.10. 90.35

$30 $14

$8

The ordinary yearly meeting of

Applications stating qualifica- tions, age, etc. to be made in writ-

YOU CAN NOW EAT:-

MARBLE HALE

(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, 103, Austin Road. Phone 50233 and 34, Granville Road. Phone 59433.

HOTELS

RUSSIAN FOOD COOKED IN THE

RUSSIAN WAY TABLE D'HOTE $100. ALBO A LA CARTE AT THE

METROPOLE - HOTEL

1940 ZENITH

NEW MODELS. Fust arrived NO AERIAL, NO GROUND, Just plug in and play

POSTAGE STAMP CATALOGUES 1940.

54 Des Voeux Road C.

ing to the Senior Armament sup- Stanley Gibbons

ply Officer, Royal Naval Armament Depot, Stonecutters Island from whom details of the conditions of the appointment can be obtained.

1350

The Yamashita Kisen Kabushiki Known as the Yamashita Line.

The

$16.00 Whole World

$6,50 1st Part. British Empire... 2nd Part. Foreign Countries $10,00 $5.00 Simplified

Scott Stamp &

Coin Co. ... $12.00

109% shareholders of the Chins Fire In- has announced the opening of New Yvert & Tellier $11.00

on May 1 York office 96surance Co., Ltd., will be held at Yamashita Line operates six fast

the Company's Head Office at 11-20 am. on Friday, May 3, This freighters between Japan

Atlantic North

and via ports

GRACA & Co.

Dealers in Postage Stamps,

will be followed, at 11.25 Calfornia, Panama Canal, east Garden Beeds, Picture Books, etc.

by the annual meeting of The coast ports of South America, the No. 10. Wyndham Street. British Traders Insurance Co. Panama Canal, and California. Established 1896.

Ltd.

Hour Kong.

CHUEN YEE HONG

AT

Jimmy's

BUTTERICK.

Expert Ladies' Tailor

16, Wyndham Street,

SALE

Tel. 23615.

FOR ONE WEEK ONLY From 16th to 22nd April. BALL" FROCKS & DEESSES

· AT REDUCED PRICES

TEA DANCE DAILY

5 TO 1.30 PM. MUSIC BY THE METROPOLE SWING BAND

Telephone 24311.

ENGRAVERS

FEI FEI & CO. Photo Engravers 18. Cochrane Street, Telephone. No. 22224,

AUCTIONEERS.

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