1940-05-02 — Page 9

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HONGKONG DAILY PRESS

་་

HONGKONG SHARE QUOTATIONS

SHAREBKOKERP ASSOCIATION

STOCK EXCHANGE

Buyers | Callers

BeloeNomical |

WED., 1.

MAY.

Bellars

Sale Womisi

FINANCE

Finance and Commerce

Construction Company

Has Good Year

"Depreciation" Is Lauded At Meeting.

Baakt

$1506) $1820 $18 10/15...

H:X. Banks

$1610

2441144

4471

203

Do. ¡Col. Bog-)” ...

£93+

£93

Do. (Loa. Reg.) ***

£01

Chartered Banka sas

231

Marosotila Hks. “A”

£83

7/18

£12A Marcantile Bku, “**A

N. C. & 1. Banks --- Insurances

$930 Canton Insurance ...

£31

Bank of East. Anis

3744

* 50 ot.

Board's

$930

$11

$495 Union · Inrara2600

28 eta Underwrtiarn

$170. FRM ..........

(Prof.)

$500

to sta

$175

1...

$80

75/0

Shelis

FUT!

$120 $11

$100

$120

78/10

$6.90

$00↓

$4.95 $1.35

$6.00

$29

$8.80

$213

$19.35/45

$8.80

Hiff

89.76 810.75

859

19/6

·-$4.35 | 84)

$4.40

Shipping

$120 Donglam -

Steamboat

$100 Indo-Chinas,

Indo-China (Del.).........

$8.90 Waterboa

Docks, Wharves.

Godowns, etc..

1100 H. & K. Wharro

Providant

Providant (Dew)_.... H.K, Docks C. RTS..

$10.85 H.K. Docks X. Rts.....

do Rts.

$60 Shangbai Docks,

Mining

20/4 Kailanı sa

$9.65 Baube

Venezuela Gold

8 cts, Hong Korg Mines ...

Lands, Hotels and

Balkings

H.K. Howla

$36) B.X. Lands

30 Do. 4% Debentures

$15.80 Shanghini Landa 1.

$103

*889

H.K. Belli

Humphrey de

Chinsee Estados

Colton Mills

Evo. (8.) akarnakteris

$230 B'hal Cottons (8.)

#4.38 $4.48

..8. $38

$100

$4.40 -$7.90

$70 $235

Zoong Sings (8.)

Wing On Textiles (8.)

$120

Public Utilities

$17

Tramways seeminen

$17.30

Pask Tisma (old)

|Posk Trans (new)

$58

Star Ferries • ASSALT

$6T+

125

'mati Feries

895)

Do. ()

$7.00 China Lights (0)

$7.90

185

820

China Lights (New)

H.K. Electric

Macao Electrics .......

$111 Bandako Lights.....

X.D. 829 Telephone (oli) ...............

X.D. 10 Telephone (saw)

Tractions ...omp {Tractions (prať.)

Industrials

814.90 Cald., Mcg. (Ord.) 8.

Cald., Mag. (Fref.) B.

Canton Los

317 Camenés

15.55 Ropes

84.90

China Lights Rt.

$85

X.D. 328 X.D. $ID

21/0

$16.90

Miscellaneous

$22

Dairy Farm.......

$5,55

21.8+

Dairy Farm

$7.10

Ch. É'sazmat ****

$7.90

'817

Constructions (old)

$1.85

Constructions (new)

$8.90

Lane Crawforda

$9.20

Nanyang Tobacc

$31

$9.16

89.10

9102 397

...

Binceres

Watsons

52. Ch. G.5% 1925G #Bd#.

B.E. Gon 4%. Louis

$2.10

89.20

620/

102

{H.K, Gori % Loma

964%

$39 H.K. Wing On ..

$39

in'hai Wieg On

814

Vibro Piling

881

13/6

| Maremans liv. (Lon.)

4/0 Maramazo Tav, (H.K.)

Wm. Powells

*Balas

"Shanghai.

LONDON STOCK EXCHANGE

(REUTER'S SERVICE)

London, April 30. Chosen Corporation

The following quotations are the Pekin Syndicate ...... middle prices at the close of the S'hal Elec. Constr. Co.

"In an undertaking such as OUTS.

with considerable de- mands on our resources for capital development expenditure. the board regard the policy of making adequate provision for depreciation, as of the first importance," said Mr. J. P. Braga. O.B.E.. chairman of the Hongkong Engineering and Construc-, tion Co., Ltd.. at the annual meeting yesterday in proposing the adoption of the report and accounts which disclosed that depreciation had been written off in the sum of $97,383.65-leav- ing some $2,000 as profit for the year. Added to this sum the balance of $10,565,68 brought forward from the previous year, the total at credit of Profit and Loss Account Is $13.177.47, which, it is recom- mended, be carried forward to the current year's account.

CHAIRMAN'S ADDRESS There were present Mr. J. P. Braga, O.BE. (Managing Director) In the chair. Messrs. Lawrence Kadoorie (alternate Director for Sir Elly Kadoorie, K.BE), T. F.

Director La alternate

for Str Robert Ho Tung. Kt). M. H. Lo (Directors), Hugh Braga (General Works Manager), B. Alves (Secre- tary), and the Hon, Mr. M. K. Lo. Mr. A. M. Braga and Mr. E Selmet

shareholders),

In the course of his address the

chairman sald:

I shall enlarge on the progress of our undertakings which were brought to your notice in the statement" at this course of my time last year.

extensive

EXTENSIVE WORKSHOP The erection of the workshop building on Crown land at To Kwa Wan; acquired by the Company in October, 1938, is now all but completed. The equipping of the Workshop is proceeding steadily; purchases of plant and machinery are made to meet re- quirements from time to time. Not the least important of these requirements is the maintenance of major plant and tools in good working order for the carrying bus or out contracts,

The enlargement of the Com- pany's Estate by development of the hill between Kadoorie Avenue and the Diocesan Boys' School, which we purchased from Govern- ment in March of last year, 15 well under way. Surveys completed during the

were

happy to be able to report that our, confidence in their judgment. has not been' misplaced.

REPORT ADOPTED

The report and accounts were duly adopted, after being second- ed by the Hon. Mr. M. K. Lo who said he was expressing the senti- ment of the shareholders in com- plimenting the board sound

conservative policy with regard to depreciation.

DIRECTORS ELECTED The next business, was the re-

and

H.K. STOCK

EXCHANGE

Marke was very quiet and featureless.

BUYERS

H.K. Banks. $1505. HK Steamboats, $11., Dock Rts, $8.80,

Providents, $4)..

Hotels, $4.56,' - Lands, $38).

Real:des, $4.40. ·

Cements, $16.65.

Lane Crawfords, $8.20.

Wm Powell, $1.

作

Entertainments, $7.10.

SELLERS

H.K Banks, $1520. Dock Cum Rts," $22. Providents, $4.35.

· Lands, $374.

SALES

Trams, $17.40/35.

China Lights New, $4.90. Electrics, $644.

on ther HONGKONG

THURSDAY, "MAY 2, 1940. -PAGE 9

U.S. CONFIDENCE IN CHINA'S

ECONOMIC STABILITY

Passionate U. S. debate over Joan to Finland obscured what was. In many, a bigger U. S. financal and political transaction

the $20,000,000 Export-Import Bank loan re- cently to China,

—

HUGE LEVERAGE

Bandits Take Germans

RANSOM IN SHAPE OF CIGARETTES! PRIPING, May 1. (Reuter)—A delayed message from Peiping. dated April 29, states that four of whom WAS E

What made the loan big was Germans, one no; the sum--the same as the Fin- member of the Reich Embassy nish loa-nor Chinese needs for Stuff, and one lady, were kidnap- the road builders, trucks and other ped by bandits on the afternoon U. s. goods (exclusive of im- of April 28, bear a hunting park, plements of war) whch China wir a favourite picnicking spot. in the buy with it.

western hills, What made Ir. blg was the

RANSOM ASKED tremendous leverage that J. S. Two members of, the party were currency exerts in terms of Far released and immediately recurn- Eastern money. the tremendous ed to the city with instructions to boost that 20.000.000 bard U. 9 bring back ransom in the form of dollars (worth $140,000,000 soft watches, cigarettes. food and Chinese) Rive to the Chinese other specified rems. economic system, which "for four The city was locked up for the years has been besieged in a night before they were able to currency war almost

as start back for the hills. The economically devastating as the remaining two members of the Japanese invasion has been in party were released the following terms of human suffering.

morning after a skirmish between

AIR TRAFFIC TO GERMANY

In Washington last week un- Chinese rendarmes STA the dramatic Administrator Jesse bandits. Jones made no flowery speech as he handed

the over

money (although he did say, eloquently a banker. "They can buy everything that humans need in LONDON, May 1 (Reuter) everyday life.")

Mr. R. H. Cross, the Minister of Nor did modest K. P. Chen. Economic Warfare, was asked in -17 $6.75 Chinese banker who negotiated the House of Commons yesterday 25.25 the 1936 U1 S.-Chiese (gold what steps he was taking to

0.70 silver agreement; the 1938 $25,- check aerial tramic to and

000,000, Export-Import Bank loan: Germany, especially over routes hall the loan for the victory it leading from Spain and Portugal and connecting with Pan-Ameri- NEW CONFIDENCE

can, trans-Atlantic routes, to the But because the European wa United States. has checked China's flight of

SHAREBROKERS'

ASSOCIATION for clection of Sir Robert Ho Tung. Volume Of Business Transacted Kt, and Str Elly Kadoorie, K.B.E, on Wednesday, May 1, 1949. as Directors, which was duly pro-HR. Docks Rts. passed, after which Yaumati Ferrics posed and

Bingham & Mat- Underwriters Messrs." - Lowe, thews. Chartered Accountants. as the Company's Auditors for the current year, were re-appointed auditors.

*200

650

867

*Sale on Thursday, April 30, The total value is $5,619.75.

was.

Wage Regulations

Norwegian Workers

HIGHER COST OF LIVING

The question of compensa- tion for the increased cost of living has been the subject of negotiations between the Federation of Norwegian Trade Unions and the Employers' Federation.

"NO AGREEMENT

about 1

measure

For

from

Mr. Cross replied that 3.S air- capital, improved the balance of craft do not land in Allied ter- the foreign trade. bi; speculatorsritory in the normal

course

in Chinese currency, new U. their journeys it is difficult to expression of confidence 11) check them without

referred to the various unions for the final vote. On January 25 China's economic stability had an was announced that the proposals impact far out of proportion to

been accepted by both the amount of money involved.

bad parties,

FULL COMPENSATION

some Ar- neutrals

the rangements with concerned.

The possibilities are Deing exammed.

Mr. Cross added that he ver

Last fall, when the Chinesé dollar began the long, skid that The agreement thus arrived at carried it below 7 cents it looked tainly was not satisfied with the provides broadly speaking-that as Japan had won the currency position and that he was

everything he could.

doing

The transactions should realise

all workers whose tariffs expire war. But by last month, although after April 1 next shall as from inflation"

swept Chungking the first of January receive full private chauffeurs, getting $1,000

ORDER TO SELL compensation for the prices in-fa month earned as much as crease which has taken place up Cabinet Ministers), the Chinese

HOLDINGS to this date,

dollar still looked to peasants Ülke Subsequent, wage

CANBERRA, May 1(Reuter adjustments a last struggling agent. of order shall be made on the basis of the amid

fra 18 surrounding economic Australian, shareholders cost of living index. as 'per 'March | anarchy-100 Chinese dollars United States companies and one 15, 75 per cent compensation being would buy 125 Japanese-backed Canadian company have been or- allowed for the price increase dis- Federal Reserve notes, would dered to dispose of their holdings: No agreement was, however, closed by the index.

actually buy $17.50 in that cür of specified dollar stocks within reached in these negotiations, and

six months and to lodge the net At the next wage adjustment rency..

proceeds in the New York account the dispute was, therefore, referred which is to be based on the Index summer.

BANKER CHEN and plans for formation of build-to the "national mediator, who number as per October 15, the Middle-aged. Banker Chen of the Commonwealth Bank

and ing sites prepared and submitted after renewed protracted parties will resume their liberty of (University of Pennsylvania '09) to the Public Works Department negotiations finally succeeded in action if the question of compensa-'coks so much like a Westerner's $5,000,000, and the owners will re- for approval. With a few minor bringing

of tion cannot be settled by negotia- Idea of a Chinese banker that ceive the equivalent Australian amendments the plans were pass-agreemen: that could serve as a tion.

wily and subtle-minded 'Americans value. ed and work was put in hand al-basis for the framing of specific If, on the other hand, agreement | have dificulty in believing he is as

proposals for the solution of the on the question of "compensation simple and direct as he is,

a day as the unglamorous business, conflict.

should be reached also at this On average height, moderately of cementing U. 8.-Chinese trade Today the levelling of the hill.) Such proposals were submitted latter date, the way would be open fat, bespectacled, careful, of the relations, and considers Chinese filling in of alopes and laying out to the parties by the national for further negotiations conceming press, close-mouthed (in the repayment of U. S. that China re- of flat ground for building sites mediator early in January. The the regulation of wages in 1941. Calvin Coolidge rather than paid $2,300,000 of her previous Norwegian Trade About 120,000 workers are Sumner Welles sense). he has no $25,000,000 loan, is now, because of. the whole area is expected to be Unions recommended acceptance affected by the above-mentioned hobbies, makes по picturesque U. 8. needs for tung off and tin, completed by the end of the year. and the proposals were thereupon agreement.

Oriental remarks, works 24 hours ahead of schedule. The building of more houses on the state continues stez- dily. The programme now in course of execution includes three different types of rest- dences. These Bre 'single storey" bungalows, semi- detached houses, and large detached residences Each

most at once.

SITE FORMATION

is welt advanced. Formation

house has its own garage

separate

and garden. All the houses are tenanted as soon as Occupation Certificates are Issued by the Building Au- ́ 'thority.

Mention

110

the

must be made of the important undertakings south-western boundary of the Estate, abutting on Argyle Street and directly facing Saunders Circus. The activity that has been going on for the past four months on this site cannot have falled to attract, the attention of passers-by at this pivotal point of three of Kowloon's ..main thoroughfares.

Fedemtion

SHOE CO.LTD

HONGKONG SUPPLIES ALL

KINDS OF FOOTWEAR

AUCTIONEERS

GREATEST COLLLUTION OF BARGAINS IN TOWN!

LAMMFET'S ALCTION ROOM

|Launay, Br then 2. Don, BLAN

Bat Out (I.

616

market in London. All quotations are subject to confirmation and no responsibility is assumed for errors

S'hai waterworks: “A” Union Insurance

201

Gula Kalumpong Rubber 13/9

Allied Ironfounders

in transmission.

War Lean, 31% (Red

after 1952)

Asso. & Elec. Industries Austin Motors, ord,

4/41 14/6

100-3/16 Cable & Wireless, New

Canton-Kloon Rly. 5% Chinese 4% Gold Loan

1898 (BM. Issue) .................

Chinese 5% Gold Bonds.

1925-47

Chin. 41% Anglo-French

Loan, 1908

Chinese 5% Crisp, Loan.

1913 (Ldn. a)

Chinese 5% Reorg, Loan.

Forin, ord.

|B.-A. «Tob. (bearer)

106/3

Mexican Eagle

121

1912

Chinese 8% Bter. Notes,

1925 (Vickers)

སྙ ཨྰཿ བྷ ླགླུ་;

Cammell Laird, ord.

1/3

Mexican Eagle

Courtaulds

Distillers

8/44

-11/8

67/6

Dunlop Rubber

32/0

25+

Gen. Electric (England)

/4}

Guinness (A) Bon & Co.

19/0

Hawker Siddeley Airc.

13/13

Bristol Aeroplane

14/0

Imperial Chemical Ind. 1/6

Chin Imperial Riy. 5%

Imperial Tobacco

115/74

"Loan

Honan Rly, 5%

Hukuang, Rly. 5%, 1911...

Hukuang Rly. 5%, 1911

German Issue)

Lung Tsing & U. Hai

Riy. 5% 1919

8'hai-N'King Rly. 5%...

399 5 22

60.

Marks & Spicer “A”.ord._ 0/41

15.

Rolls Royce

-85

Leyland Motors

72/3

Tate Lyle

Turner & Newall

54/3 65/43

United Steel...

23/73

Smethwick Drop Forg.

13/9

Armstrong Stevens, ord. 6/6

LOW WATER

Tientsin-Pukow Ely. 5%

Pressed Steel, com.

11/3.

(Brit. Stpd.)

Vickers. ord.

17/104

Bong

Hong

Tientsin-Pukow Rly. 5%

Woolworths

Kong

(German Stpd.) ... Tientsin-Pukow Rly. 1%

(Brit: etpd. Supl, Loan) 13 Tientsin-Pukow Rly, 5% (Ger. Spd. Supl, Loan) Jap, 5% Ster. Loan, 1907 Jap. 8% Ster. Loan, 1924 Ger, 7% Intl Loan, 1924 Chartered Bank

Anglo-Dutch..............

20/9

8tandard

Rub. Plant. Invest. Trust

2/6

Time.

Burma Corporation

8/3

Commonwealth

Mining

Marsman Trivestments

40+

Randfontein Estates

Western Holdings

13/6 40 10/16

Bub-Nigel

200

Tinami Gold Mining

****

HK. & Shai Bank (Ldn.

Reg.) HK. & Shai Bank (Col.

Reg) Chinese Eng,

(bearer)

Anglo-Iranian

931

Burmah

-63/14 71/3

Shell Trans, & Tradmi

In the other department of the Company's business, viz., general construction work, your Directors Fri have not been too eager to rush. into contracts at a time when Bat costs of materials have been ris- ing from day to day and adequate supplies of indeterminate delivery. Mon. Considerable caution has had to

h. m.

h. the

Thur. 2

07 01 5'1-

18 11

12 11

07 26

1024

13, 10

1304

3 a

07 488!

2002 61

Sub,

08.0968

01 28.

20 4001

.1429

08 26 18 2

08 10

12:4

21 2050

934

Mining

(bearer)

•-Nominal

--ex-dividend

20/41

be exercised, and in this, respect To the judgment of the technical staff has been relled on. I am

Wed. 6

APARTMENTS DE LUXE- The fine structures which are being erected include two blocks of apartments which your Com- pany decided to build and which will be known as Bt. George's Mansions. Each block will con- tain six well appointed flats, de- signed on the most approved lines to guit the taste of the most fastidious "tenant, seeking apart- ments de luxe.

Te kepigene No. 20124

HONG KONG TIDE TABLE From 2 to 8 May 1840.

HIGH WATER

Month.

Dato of

Boight

Kong

Standard Tima

01 02

Height.

1348 12 8

1508 11.8

08 45 8 8.0940 25 22 0549 1545

.09.12:18 9. 03126 39 48 4.8

6:28, 1, 1

Hongkong Daily Pres CLASSIFIED

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