1940-05-23 — Page 9

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HONGKONG DAILY PRESS

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE

SHAREBKOKERS' ASSOCIATION

WED.. $2. Nomic.

MAY..

Banks

H.K. Banka

Do. (Cal. Bag.)

Do. (Lou. Reg.)

Chartered Banki

£30 Mercantile Bk. "1"

Mercantile Bha. “O

Bank of Barn Anis ...

N. C. & B. Banka ....... Insurances

$930 Canton Iomoricode

Union InsuraDOSS

(85. cts Underwriters

$1310

EATH

*!!!

$6.90

Mi

$170

8455

FALF

Esl

£19

$73

$11

$100 Todo-Chin

A

8930

וק

..

FINANCE & GENERAL

Finance and Commerce

CHINA INSURANCE CO., LTD. Ten Thousand

HOLD. ANNUAL MEETING

The 59th Ordinary Meeting of the Canton Insurance Office Ltd. was held yesterday, Mr. T. E. Pearce was in the chair, owing to the Indisposition of the Hon. Mr. J. J. Paterson, chairman of the Consulting Committee,

Those present were Sr. D. E. Clark, Mr. A. II. Compton, the Hon. Mr. M. K. Lo, Mr. J. H. Taggart (Directors) and Mr. F. C. Hal] (Secre- tary) and the following shareholders:-Messrs. Ho Kam-tong. D. Hang, M. H. Lu, D. V. Stevenson, S. H. Ross, D. L. Newbiggin, J. Fleming, Lo Cheung-lp' and C. B. Brown.

War Planes

For U.S.

WASHINGTON. May 22 (Reu-) ter-Naval air strength of not less than 10,000 planes and 16,000 pilots was proposed in a legisla- tion introduced by the chalamen of the Naval Committees of the Before presenting the report, Mr. | has fallen by HK$1,358,571.78 or Senate and the House of Repre Pearce expressed regres for Mr. £84.203.2:11. as expressed inį sentatives, respectively. This act- Paterson's absence owing to Indis-sterling; this contraction, as ex-lon was taken after a conference and President Roosevelt position and wished the chairman plained by the chairman last year, with n speedy recovery.

is due very largely to the loss sus-ranking admirals tained on our holdings of Shang- In a joint statement the chair- hal Mortgages and Debentures. men, Senator Walsh, and Repre- |which still continues both as re-sentative Vinson, declared

that! The statement of accounts for cards market price, and exchange. the President proposed to the year 1938, watch we now pre-and also to London claims attach- $100.000.000

naval avin tion") sent to you, is I am pleased to saying to carller years which have made facilities and personnel Legisla

severe Inroads, Into the Underwrit-tion would also be introduced re- appreciable improvement on that for 1937, the balance

Suspense Account. of g

am questing an additional $125.000,-.) $1,22807007 being better by $316,- pleased to say that the position in 000 for the establishment ano 308.24 and this despite the fact the latter respect has now been development of naval aviation that income from Premium and almost entirely liquidated. Interest fell by over $636.000..

The Reinsurance Fand remains Both Committee struck at fifth

CIENCI

81310

£1 £781

£30

374

50 ct.

[B.X. Pires

$4374

$170

70 cts

Shipping

$120 | Doaglama

kemas`

$120

Brembou

8111

(Prof.)

$100

680

Indo Chinas (Del.)...

$190

69/0

Shells

60/0

CHAIRMAN SPEECH.

86.90"

Presenting the annual report,

Mr. Pearce ́sald:-

8004 24

Provideola (sw). .-.-'

$21

H.K. Docks C, RTS...

$201

an

$18

H.K. Pocks X. Rt.....

81

$8.20

do Rts.

86

$31

Mining

10/0

Kailas $0.45 Raube

•19/0

$0.00

6 cte, Hong Kong Mam...

Lands, Hotels and

Buildings

$4.35 F.K. Botel

K

234

H.K. Landa .........8.

$341

$10.4% Debate

8100

110,20 Shanghai

Lands

14.20 87.00

28

$8.00 | Waterboats

Docks. Wharves,

Godowns, etc.

100 H.K, & K. WhareOR

$4.05 Prnsidenta “

831 Shanghai Docks 8.

Venezuela Gold Fide

84.20 H:K. Bealine

Humphreys

#1044 Chinese Estaten......

Cotton Mills

811 Ewo (8.)

8210 8'bet Cottons (8.)..

Zoong Sings (8.) .... Wing On Textiles (8.)

Public Utilities

81

Trazoways .............

$16.

28

{Pask Trams (old) ...

$4

}Peak Tramm (new)

Do.

China

$210

$120.

$16.28

น

$24.80

561

1.

7/6.90

(0)

-841

$60

B2FL

$10.20

22/6

$6.20

$60

330 Star Parrie.......

82285 T'mati Ferries

China

China Lights Rs.

H.K. Electrics.........

821.10 Macao Bleckios"......

$11 Sandakan Lights .... Ben Telephone" (old) ...... 31050 Telephone (Dew).

Tractiona

Tractions (proč.) Industrials

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

IF

$12

Cald., Macg. (Fref.) B

81

Canion Tow

Camembe

#17

251Bop.......

Miscellaneous

820Dairy Farm...

Dairy Farin...

Constructiona

31 $15.80

$20/20

[Ch." "P'isinmanŠE

82

$17

$1.85

$1

Constructions

Lane Crawfords

$8

Nanyang Toba000

**83,40 |

$2.60 |Binoeres

$6

Wstaopa

38.40

48°

102

48. Ch. G.5% 1995G #Bds.

H.K. Gors. 4% Loans

107

H.E. Govt. Six Lena

830

H.K. Wing O

4

B'Gai. King Da

#8

Vibro Piling -

11/5 Marsman Irve, (Lon.)

4/9 Maramana Inv. (E.K.)

$1.30 Wm. Powells

Baloo Shanghai

LONDON STOCK EXCHANGE

(REUTER'S SERVICE)-

London, May 21.

The following quotations are the

middle prices at the close of the

market in London.

(bearer)

Chosen Corporation

Pekin Syndicate

19

2

All quotations Shal Elec. Constr. Co... 15

are subject to confirmation and no

Shal Waterworks "A"

Union Insurance

15

28

82.35

:

I

FINAL DIVIDEND All Investment and Mortgage

We now recommend

bases.

for

H.K. STOCK EXCHANGE

The market was inactive.

BUYERS

HK, Banks $1,310

SELLERS Docks Rts, $6.20,

SALES

H.K. Banks $1,315.

use

dismiss

h

A comparison of ratios between at approximately the same figure Column activities .. particularly the two years reveals losses atas last year, while the Investment approving measures to 54.97 per cent, for 1998 as against and Exchange Fluctuation Account suspected workers and soldiers." 69.63 per cent. for 1937, while the und Underwriting Suspense Ac- rise to 30.20 per cent. from 26.43 count reveal decreases of $601,- per cent. in respect of Charges is 811.82 and $803,773.00 respectively. but the natural sequence to the drop in premium.

The Underwriting Surplus, after loans have been included, as cus- tomary. 25-or under-market twenty-four months working, was 15.53 per cent. as against 3.94 per price or face value respectively. cent. for the year 1937 at the same The surplus to be dealt with for stage. Interest shows a decline of the 1938 account is $1,228,070.67 $93.133.11. this being mainly due out of which has been paid an to the continued shrinkage in the Interim Dividend of $5 per share. sterling value of the China Nation-ment of $7 per share-making in a final pay- al Dollar.

all 512 per share which will ab- FALL IN INTEREST...

sorb $600,000 and the transfer of The balance at credit of Work- the balance of $628,070,67 to Un- ins Account 1939 as at December derwriting Suspense Account to 31. last stood at $1.888.506.34 and close 1939 and previous years. This although this is less by $285,020.10 represents a reduction of $1 per than the carry forward for account share in the dividend and much 1938 at the same stage. we are as we regret having to advocate hopeful that the elimination of it. we feel Shareholders will agree certain unsatisfactory business that, in view of the heavy shrink-

Volume Of Business Transacted will result in the outturn, at the age of over $93,000-or nearly $2, on Wednesday, May 22 end of the current year, compar-per share-in income from In-China Lights (Old) ing not unfavourably with that for terest, this course is but wise.

China Providents 1938. This account Ilkewise dis- The balance of $1,388,906.44 at HK Electrics. close a fall in interest of $89.000 credit of the 1939 account allows HK, Tramways when compared with the, account of the payment of an Interim for 1938, also at the end of twelve Dividend of $6 per share for that months.

year, leaving an amount of $1,638,- 906.44 to be carried forward.

SHANGHAI LOSSES

A review of the Balance Sheet will show that the total of "assets

The Economic Front

ALLIED BLOCKADE TIGHTENED

814

S8+

$11

for

responsibility is assumed for errors Gula Kalumpong Rubber 18/11

la transalssion.

Allied Ironfounders

Asso. & Elec. Industries

13/3 37/9

War Loan, 34% (Red

after 1952)

Austin Motors, ord. ......

15

971

Canton-K'loon Rly. 5%

12

Cable & Wireless, New

Form, ord.

45

Chinese 41% Gold Loan

B.-A. Tob. (bearer)

95.

1898 (Brit, Issue)

50

Mercantile Bank

121

Chinese 5% Gold. Bonds,

Cammell Laird, ord.

6

1925-47

48.

Mexican Eagle

4/3

Chin. 41% Anglo-French

32/104

Loan, 1908

49

Distillers.....................

50/9

Chinese 5 Crisp Loan.

1912

32/6

20

Chinese 5% Reorg, Loan,

1913 (Lda. Is.)

30

Chinese 9% Ster. Notes.

བུ་ ུ་ཆ

Courtaulds

Dunlop Rubber

Gen. Electric (England). 75/9 Guinness (A) Son & Co. 72/8 Hawker Siddeley Airc... 10/3 Bristol Aeroplane

12/11 Imperial Chemical Ind. 28/9* Imperial Tobacco

102/6 By'cer “A” ord. 38

The Ughtening of the Allied blockade which proved so grim Scandinavia. also stirred the Balkans. German shells and bombs are made from Swedish steel, but airplanes

are built of duralumin.

of 3. copper alloy aluminum, which is extracted from hauxite.

Since the war, began Germany has been dependent for bauxite almost entirely on Hungary and Yugoslavia, which produce 22 per cent, of the world tonnage.

HEMMED AND HAWED

The Ankara. a 4,768-tor freigh- ter whose home port is Bremen one of 28 German ships that holed up in Trieste when war be- gan, last month ran down to Dubrovnik (better known to tourists as Ragusa), loaded, then lay for days while Belgrade hemmed and hawed,

RESOLUTION PASSED

I do not propose to say anything further and think you will agree

China Lights (Old) $6.90. "Electrics $60.

HONGKONG

SHAREBROKERS

ASSOCIATION

600 $6.90

250

3.75

100 60.00

500 18:00

300 16.00

Yaumati Ferries

200 22.25

1,050

The total value is $28,327.50

that the present is hardly a time Ho Kam-tong and was carried by

to indulge in forecasts of any kind. the meeting.

I can only hope, that when we meet again next year it will be in hap- pler circumstances.

COMMITTEE RE-ELECTED

Mr. D.. V. Stevenson proposed. Mr. 8. H. Ross seconded and the

I now propose the following re- meeting carried that the following Lolution:-

be re-elected as members of the Consulting Committee:

"That the report and accounts, as presented, including the pay- The Hon. Mr. J. J. Paterson ment of a final dividend in res- (Chairman); Mr. D. E. Clark, Mr. pect of the year 1938 of $7 per A. H. Compton, The Hon. Mr. M. share, and an interim dividend K. Lo, Mr. T. E. Pearce, Mr. J. H. in respect of the year 1939 of Taggart and Mr. S. .T. Williamson. $5 per share and the addition of Mr. M. EL Lo proposed and Mr. $628,070.87 to underwriting sus- D. L. Newbiggin seconded that 'pense account be adopted and Messrs. Lowe, Bingham and Mat- passed."

thews, Percy Smith Seth and Flem- The motion was seconded by Mr. ing. be re-elected as auditors.

The Germans asked for a naval escort through Yugoslavia's neu- tral waters, hoping to establish a system whereby Nazi freighters could ply all around the neutral Balkan peninsula from Russia's Black Sea of ports: But Yugo- slavs had no wish to offend the New Allies.

I

MORE DUE

One dawn without escort and 16, with a pilot who demanded $1,200 for the 425-mile ran. to Trieste, the Ankara started creeping up Inside the islands which fringe that rugged coast. The Ankara made Trieste unattacked. More bauxite boats were due to follow. Italy and Yugoslavia conferred over the week-end.. about closing the Adriatic, to belligerent war- ships.

SHOE CO. LTD.

HONGKONG -SUPPLIES ALL

KINDS OF FOOTWEAR

BUTTERICK:

Expert Ladies' Tailor Styla Ready Made Dresses

FOR SALE."- Wyndham Street.

THURSDAY, MAY 23, 1940. --PAGE 9

ALWAYS

insist on having ·

CAMEL · BRAND

CAMEL BRAND"

Synthetic

Guarantee Retentive Colour and Gloss.

d Manufactured By

The National lacquer & Paint Products Co., Ltd.

King's Road, Hongkong.

可用耐想髀酡槩

READ

The China Fortnightly

An English-language publication indispensable to

an understanding of China at war and at work..

Vol. 1 No. 21

Articles & Reviews

May 16, 1940.

The Poppy Grower A Short Story)

By Elsie W. Y. Choy.

In Defense of Chinese Civilization

By Dr. Wang Chung-hui

Atrocities in Shanghai

Chungking's Policy ou Manchuria Cabinet's Fact-Fiuding Tours. New Minister to Turkey

Japan's Piggest Debacle on the China Front Raidera Technique Below Par

China's "Store House" -

General Ma Chan-shan Relief Unit From England

Japan's Cultural Aggression,

Tribute to cong Sisters

Ezechwan

Wang Ching-wei's Ace Trumped

Puppet Wang "On Trial"

Tighter Economic Blockade'

15th Annual Convention of Economic Society. Pictorial"

Generalissimo Reviews New Army Departments

Overseas Chinese

"Digest of Chinese Opinion

In Short Takes

This Fortnight In China

Fortnightly Postscripts."

Obtainable at 601, Bank of East Asia Building. Des Voeux Road, Central, Hongkong, or leading bookstores. H.K. 20 cents a copy or $4 a year.

Hongkong Daily Press CLASSIFIED ADVERTISEMENTS

AUCTIONEERS

GREYFEST COLLLOVION OF BARGAINS IN TOWN!

LAMMERTS AUCTION ROOM Tek 23615anest, il marg 2. Connau

Rod Coatgal.

HONG KONG TIDĖ TABLE From 23 to 20 May 1940.

HIGH WATKE, I

Wook

Date of

Beight

Hoight,

1925 (Vickers)

Chin. Imperial Rly. 5%.

Loan

60

Marks

Honan Rly 5%

12

Rolls Royce

Hukuang Fly. 5%, 1911... 15

Leyland Motors.

82/&," 58/0

Bukuang Rly. 5%. 1911

Tate Lyle

German: Issue)

Turner & Newall

Lung Tsing & U. Hal

United Steel

Rly. 5% 1913

11

Smethwick Drop Forg...

50 63/0 20/44 13/9

LOW WATER

Bhai-N'King Rly. 5%...

Armstrong Stevens, ord. +7.-

Hong

Hong

Tientsin-Pukow Rly. 5%

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

Pressed Steel, com..

.15

Kong

Kong

Vickers, ord.

Woolworths

(German Btpd.) Tientsin-Pukow Rly, 5% (Brit. Stpd. Supl. Loan) Tientsih-Pukow Rly. 5%

(Ger, Stpd, Supl. Loan) 11 Jap. 5% 8ter. Loan, 1907

11

Anglo-Dutch ...

11

Rub. Plant. Invest. Trust Burma Corporation ...... Commonwealth Mining Maraman Investments

15/4 55. 19/6 26/3 7/101

Standard

Standard

Time.

Time

32

Jap. 5% 6ter. Loan, 1924 43 Ger, 7% Intl. Loan, 1924 61 Chartered Bank

Randfontein Estates A Western Holdings

Sub-Nigel

81

Tanami Gold Mining

HI.K. & Shal Bank (Lán.

Anglo-Iranian

11/6 37/6 10/6 192/6 41d 4870

Meanwhile Rumania had parallel problem. Rumanian po-Thur 93 lice, acting on a tip supposedly

Fri. supplied by the pro-Nazi Iron Qual detained a fleet of dyna- Bat mite carrying British 'barges in

а

b. m.

shot

him.

རྒྱུ་་་ཟླ་

09 56

1741

0321

17·0%

04

24

0000

46

(385

10 31 7.3

17 45 05

00:50

144

0429

11 08 7 1

18 30

08

the Danube. Their supposed des- Sun. tiny: to blast the Iron Gate, (the narrow gorge where the Danube Mon 27

20

0144

08 OF 8

1141

18 81

10 15

09:30 43

00 40 3 8

1815 6.3

2003

1.

Reg.) ...

784

Birman

63/9

HK, & Shal Bank (Col.

Shell Trans & Trad

cuts through the Carpathians) Dries. 28 and block the channel to other

0837

06.40

13 55 1577] 20 50

18:

Reg)

81+

^(bearer)

82/8

Chinese Eng. & Mining

---Nominal

barges carrying Rumanian oll to Wed.¦ 20- Germany.

04 35

482 07.60

42

13 co

15 21 21 45-2.0)

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