1940-04-26 — Page 9

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HONGKONG DAILY PRESS

LAMMERTS' AUCTIONS PUBLIC AUCTION. PUBLIC AUCTION.

PUBLIC AUCTION.

Kits Undersigned have received:

instructions

to sell by

PUBLIC AUCTION

Friday, the 26th 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:-

Teakwood Dining Room, Bed Room, Drawing Room and Office, Furniture, Wardrobe and Cabin Trunks. Perambulators, Electric Lamps Celling and Table Fans, Gramophones and Records, Curtos, Ornaments, Brasa, E P., Aluminium, Cloisonne, Lacquer, Ivory, Porcelain

THE Undersigned have received

instructions

to sell by

PUBLIC AUCTION

Saturday, the 27th April. 1940

commencing at 11.00 am.

HE Undersigned" have received

THE Instructions

to sell by

PUBLIC AUCTION

Wednesday, the 1st May, 1940

commencing at 5.15 p.m.

at their Sales Room, No. 2, Con-at their Sales Room, No. 2, Con- naught Road, 2nd Floor.

naught Road, Central. (Room No. 205, 2nd Floor):

FINANCE

STEAMBOAT COMPANY SHOWS A LOSS

River Companies May Work As Combine

That a combine of river shipping companies has been moot- ed was revealed at the annual general meeting yesterday of the Hongkong, Canton and Macao Steamboat Co., Ltd.

The Hon. Mr. M. E. Lo, who presided, said that if such a combine should materiallse, some of the ill-effects of suicida? competition could be eliminated

A loss of $173,895.04 Co the to be restricted to the Hongkong- At Dest this line Working of the Company for the Macao run, year was reported.

offers but little inducement to than that of "the Present at the meeting were, tonnage larger besides the Chairmar, the follow-smaller type of river steamers ing Directors, Messrs. Tse- Before the occupation of fong. J. P. Braga, La Tung-fan, moon-which replaced Canton as B. Wood and D. L. Newbigging, the trading centre of the Kwang- Mr. H. da Luz (secretary) and the tung Frovince at the beginning of On Ylew from Tuesday, the 30th following shareholders, Messrs. M. the year-and some of the sur-

A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE

also

A COLLECTION OF VALUABLE POSTAGE STAMPS.

One Majestic Radio Sez

Terms: Cash on Delivery,

LAMMERT BROS..

AUCTIONEERS.

April, 1940.

Terms: Cash on Delivery,

H. Lo. Luk Pak-to, Kwan Yau- Kwong. W. Kirby, Wong Chik and Wel Tat

KOTIK-

rounding districts, returns by Com- pany's steamers were more or less satisfactory. Kongmoon fell in March, thus severing the remain- In his report, the Chaftmang nk between Hongkong and

the interior via Macao,

LAMMERT BROS.. said:

AUCTIONEERS

HONGKONG SHARE QUOTATIONS

and Glass Ware. Pump Stoves, Wall STOCK EXCHANGE and Table Clocks, Cooking Utensils. etc., etc.

also

A FEW PIECES OF BLACKWOOD,

FURNITURE

and

1 Teakwood Modern" Bed Room

Sulte

1 Upright Piano

1 Piano Accordeon

1.Silver Statue (Horse)!

1 Slicing Machine with Stand

2 Pairs Binoculars

2 Sextants"

4 Radio Sets

On View from Thursday, the 25th

April, 1940..

Terms: Cash on Delivery.

LAMMERT BROS.,

AUCTIONEERS.

PUBLIC AUCTION.

(in liquidation)

Bayard Bellarm Sales

SHAREBROKERS' 'ASSOCIATION

Nomla THURSDAY 25.)

APRIL.

Buyer Boilers Sains Mominal

$1495)

$74

$490

*** **

****

$800

Bank

H.K. Banks

$93 Do. (Col. g.) >=1 203 Do. (Lon. Reg.)

£9 3/18{Chartered Banks

£31 Maronitile Bka. "A £19 Mercantile Bku, "

Bank of Kari Asia ... İN. C. & 8. Banks ... Insurances.

$230 Canton Invernadet ...

Union Insigamom

85 cto. Dadeewellern

$175

L Pirus

$120. Dongl

$11

Shipping

$100 Indo-Chinse

$30

Indo-Chines (Det.).....

Sheila

$8.90 Waterbosis

Docks, Wharves, Godowns, etc.

H.K. & K. WALETOS

75/0

£133

WARNING REPEATED

With an apprehensive business. community in the interior. and with communication facilities

FRIDAY, APRIL 26, 1940. --PAGE

SAY

Gordon's

...and know what you're drinking/

DRY GIN

DESTILLERY LONDON.

NO COLOURing matter

NO INJURIOUS INGREDIENTS

interruptions, competition for the meagre offerings continued until June. when the Chinese Currency kong wharves, in accordance with

began to depreciate. Freight re- the policy decided upon last year" H.K. STOCK

In concluding my speech at the annual general meeting held last year I remarked:-"I feel that being subjected To intermittent should again convey to you a note of warning concerning prospects In the immediate future. We have benefited from the abnormal con- ditions which prevailed most of turns reflected the uncertainty of of the amount of $79.774.86 last year. For that we must be the moment, and with the cholera which is charged to Repairs. thankful. But he must be a bold restrictions being enforced in the steamers' overhauls absorbed the person who, without an utter dis- Colony, river, shipping companies better part of that sum, the Kin One lakh of Government. 3) per regard of the portent of the dark were faced with insuperable diffi-chan in particular requiring a cent Loan changed hands at $97, clouds gathering ahead of him. culties. Company's Taishan was special outlay for the renewal of would dare view the immediate taken off the line for about ten her rudder stock and tank top tuture with any degree of com-weeks as a result thereof.

1800

sky

£93

Ep 3/18

£31

placency or with optimism."

#74 #76

50 ct.

1940 $600

70 eta

...

$175

$120

$100

$1.20

75/0

$6.90

$100

$4.40 Providenim

$901 $4.35

|Proridanie (new)

#21 $12

$91.00

H.K. Docks C. RTS..

$91.90

$19,65

H.K. Docks X. Rta... $19.60.

ID.85

$8.60

do Res....

$8.70

$68

Shanghai Dock §. ...

Mining

*44

$9.71

iiii

ܐ܂

י.

861

19/49

24.55 $42

SIL $361

$4.70

$36 $37

$10 Do. 1% Debentures $15 Shanghai Lands 6.

$100

$4.40

Humphreys ---***

19/4 Kailan .....

$9.65 Haubama

Vadernola Gold Fide

6 cts. Hong Kong Wines ... Lands, Hotels and

Bulidings

H.. Hotals incre E.X. Lands

84.40 H.K. Belkin

$103 Chinees Ketches

"Cotton Mills

$68 Ewo

#245 S'hai Cotíone (8.) ...

Zoong Sings (8.)

Wing On Textiles (8.) Public Utilitie

$17.00 Tramway) anmäen

Peak Trama, (200) 19

(8.)

(old);

$8 Peak Tram

$38

Star Farrim sinta

$25 Fat Ferries

ترکی

$7.90

#71

1236

DESPERATE SITUATION

plates.

death in

LATE ME, W. HUNG It is with keen regret that I In September an effort Was have to confess that the result or made to remedy what appeared to record here today the

It is with sincere regret that I last year's trading was even worse be a desperate situation, and to December last year of the late Mr. than my gloomy forebodings had end the senseless competition Walter Hung. the Manager of led me to expect, accounting for a among river shipping companies. Company's Chinese Department. loss for the year, after providing An agreement was reached, but ? for depreciation of steamers at am sorry to say that that agree the usual rate, repairs, etc., otment was broken within two weeks $173.85.04. This loss has been of its inception. Further transferred to. Profit and Loss ments seem superfluous, Account, thus reducing the credit

of that account to the Jum of $31.739.59, which your Directors recommend be carried forward to

a new account.

CANTON SERVICE

SUI TAI SOLD

Mr.

father, the late Mr. Hung Tsze

Rung had succeeded his ¦

Yes, and had been in the Com pany's service for T years. He served the Company with ability and devotion.

After protracted negotiations The Company's Taishan has just the Sul Tat was sold to Yangtse been replaced by the Chungshan interests in July. The sale was not in the Macao Line service. Cost of

operation has advanced to

the

unprofitable. In fact, the Sul Tat had outlived her usefulness to the stage where your Directors const- der it inadvisable to keep the Apart from a short period dur... [Company.. ing September, when Company's Your Directors" have as usual.. Taishan in commission, though steamers carried full Eumber 21 been unremitting in their efforts they hope that the lay-up of the passengers from Hongkong to towards the economical running of steamer will only be temporary. Macao, the Company has had to your steamers. Cost of Coal and As you will have seen from the face adverse trading sànditions Stores, unfortunately, was again Directors Report an invitation to through the year.

higher than in the preceding Year. Join the Board was, in June last

EXCHANGE

otherwise

duli.

the market continues

BUYERS

HK. Banks, $1495, Union Ins., $490,

Docks Cum. Rts., $214. Hotels, $4.55. · · Tramways, $177.

Cements, $KI.

Dairy Farma, $214. Lane Crawfords, $7.90. Wm, Powell, $1, Entertainments, 36.90.

SELLERS

Docks Cum, Rt... $22, Hotels, $41.

Tramwaya, $17.89. Electrics, $651, Telephones (0), $29. Dairy Farms, $224.

SALES

Union Ins, $500. Docks Cum. Rts., $31.903 Docks Ris., $6.70/80. Tramways, $17.55. Yaumati Ferries, $234. Electrics, $65/65.30. Telephones (0), $29 · HK, Govt. 3) per cent Loan 97. -

MANILA GOLD SHARES

In the Canton Mine negotiations In October, warned of the possi- year, extended to Mr. L. B. Wood with the authorities concerned bility of higher prices and sher-I need hardly say that the Board resulted in the Kishan being tage of supplies, they decided to was much gratified at Mr. Wood's permitted a passenger service be- lay in a stock or coal sufficient to acceptance of the invitation, and tween the two ports. Subsequent-cover the Carnpany's needs for I feel sure that the shareholders and 17. În agreement with the China part of the current year. The will show their pleasure Navigation Co., Ltd., the Fatshan price which they had to pay was gratification by their ready con- took over the run, thus permitting again higher, but I am glad to firmation of his appointment as a Atoks 16b, Antamok 114s, Bagoy the Kinshan to resime uninter-say that it is very much cheaper | Director,

Gold 18s, Eatong Buhay 01b, E rupted service in the Macao line than the current rate.

Although the matter does not Wedge 178, Coca Grove 08s, Chno I wish to record the grateful i

relate to the period under review, Mines 0025b. Demonstration (8, appreciation of this Company, to It is proposed that the amount I feel sure that you will be glad LXL 3018. Itogon Mining 1913. HB.M. Consul General in Canton of $23,187.40 should be written off to know that last month, a Masbate Con, 0818. Mine Opera- for his valuable services In-con- the value of your steamers, which vacancy having occurred on the tions 07js. North Camarines 0476 nection with the negotiations above represents the usual five per cent Beard, an invitation to join the Pargeple Gummaus 16jb, San Map- referred to.

of their book value. It is also pro- Directorate was also extended to rielo 60b, Surigao Con. 1785. Suye With Canton being virtually posed that the amount of $9,546.99 Mr. D, L. Newbigging, and that Can. 13b, United Paracale 201 closed the Company's activities Had should be written off the Hong- Continued on Page 11

Mindanao Motherlode 081b,

KORA

$120

8173

$17.80

$4 $673 $25

788.10

€4,90

#651

325 $10.35

SHOE CO.LTD

21/0

$14,80 Cald., Macg. (Ord.) 6.

$12

[Cald., Macg. (Fred.) 6.

Cantón Ion

MONTENE

Messrs. SCHMIDT & Co. Ltd.

HE Undersigned have received

THE

instructions from the Liquida-

tors of the above named,

to sell by

PUBLIC AUCTION.

Tuesday, the 30th April, 1940 commencing at 10:30 am.

az their Sales Room, No. 2, Con- naught Road, Central, 2nd Floor...

A SELECTION OF SCIENTIFIC & MEDICAL EQUIPMENT

comprising:-

Laboratory Glassware, Electrical Equipment, Thermometers. Spirit and Pressure Burners, Theodolite Stands, Leather Cases for Leica Cameras and Binoculars, Electric Fans, Leica sundries and Exposure, Meters.

X.D.

$29

ܐ ܃ ܕ ܃ ܃

J".

Do. (Dew) 38.05 China Liga (0) 35.20 China Lights (New).

China Lights Rts.

H.K. Bactrice

3904 Macao Macrin

$1 Bandakaz Eights Telephones (old)

$10.40 Telephones (new).

Tractions

Tractions (pent.) Industrials

Camanda

#5.65 Bopme

Miscellaneous

Dairy Farm

$17

$5.65

Dairy Farm.........

$21.60

Ch. É'inizzando

Constructions

$1.85

$17

$917

and

1 Leica "Xenon" F 1.5. Lens with

caps and case

$7.90

| Canskmnošiena

Lane Crawforda

Nanyang Tobac00...............

82.10

2 Sets of 18 Involute Milling Cut-

$9.35

Watsons

89.35

12 Cb. G.8%, 1996G Bda.

69%

8109-EK. Gori, 49% Loans

197

H.K. Gori. % Lóan,

10% 9812

$30 H.K Wing OB

339

814

Vibro Piling

|Marsmans Tav. (Lon.)

|Karemans Inv. (BI)

Wm. Powell

DEPRECIATION

HONGKONG SUPPLIES ALL

KINDS OF

FOOTWEAR

Hongkong Baily Press

CLASSIFIED

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