1940-05-29 — Page 9

A

HONGKONG

DAILY. PRESS

Finance and Commerce

CABLE AND WIRELESS

י,

HOLDING LIMITED

LONDON STOCK EXCHANCE

(REUTER'S SERVICE)

London, May 27.

after 1952)

£

(Red

901

The following is part of the to our accounts you will see that speech made by Lord Pender. the dividends receivable from the Governor of Cable and Wireless Subsidiary Companies in respect The following quotations are the Holding Limited, at the Company's of 1939 amounted to £1,254,087 as middle prices at the close of the meeting held on May 27:-I would compared with £1,280,010 in the market in London. All quotations like to refer at the outset to the previous year. Other items of in-are subject to confirmation and no £121,714 in 1939 responsibility is assumed for errors honour which since we last met come "yielded has been conferred by His Majesty compared with £116.101 in 1938. In transmission. The King on the Chairman of You will remember that at the Cable and Wireless Ltd, whom we conclusion of my speech last year now know as Sir Edward Wilshaw I said that world conditions at K.C.M.G. This recognition, of the that time were such as to cause distinguished services rendered by any chairman to refrain from Sir Edward to the British Empire rash prophecy as to the future. was hailed universally as a fitting In conclusion. allow me to state tribute to the outstanding manner emphatically that whatever the in which he has so unsparingly future may hold in store for any devoted himself to the direc-of us your Directors will continue tion and development of Imperial to do as they have always en- telegraph communications.

deavoured to do in the past every- You will not have falled to ob- thing in their power to ensure the Chinese 5% Recrg. Loan, serve that 1939 was the Arst year continued success and prosperity that Cable and Wireless Limited of your Companies and to streng- was able to reach and in fact ex-then their position. ceed this standard revenue

0.

£1,200 000: The Company was thus able to pay in respect of that" year a dividend of 4 per cent as compared with 3 per cent for the preceding year

EMPIRE SECURITIES

War Loan, 31% Canton-Kloon Rly. 5% 9 Chinese 4% Gold Loan

1893 (Brit. Issue Chinese 5% Gold Bonds.

1925-47

Chin, 44% Anglo-French

Loan, 1908 Chinese 5% Crisp Loan...

1912

1913 (Ldn. Is.) Chinese 8% Ster. Notes.

1925 (Vickers) Chin. Imperial Rly. 5%%%

45

43

45

17

26

114

Loan

Honan Rly. 5%

12

LABOUR SUPPLY

Hukuang Rly. 5%, 1911...

14

BOARD

Hukuang Ely. 5%, 1811

11

11

LONDON, May 28 The Labour Supply Board, whose was only announced formation

I think you will be glad to know that some 85 per cent of the total market value. of the investments over the week-end, has already first meeting at the is represented by securities within held its

of Labour under the the British Empire. This impor- Ministry

the chairmanship of Mr. Ernest Bevin. tant fact should add to

out the stability and sound return of the The Board will carry

necessary measures

ensure Companies holdings.

German Issue) (Reuter)ung Tsing & U-Hat

Rly. 5% 1913 S'hal-N'King Rly. 5% Tientsin-Pukow Rly. 5%

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

(Brit. Stpd, Supt Loan) } Tleatsin-Pukow Rly. 5% (Get. Stpd, Supl Loan). Jap. 5% Ster. Loan, 1907 · 38 Jap. 6% Ster. Loan, -1924 43 Ger. 7% Intl. Loan,. 1924

to

This review of our main sources labour and supply to make the of Income brings me to the hold-fullest use of the man-power and ing Company and if you will turn woman-power of the country..

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE

Banks

$1330)

H.K. Banks

EA3

Do. (Col Rog.)

·£82"

Chartered Banks ....

$73

#180

£5

Do. (Lon. g.)

30 Marosstile Bha. "

£12) Marcantile Rk. ""

Bank of East" Asia

N. C. & 1. Banka .......

insurances

9218 Canton Insurance ...

$453 Union Insursson, on 8450

186 cta Underwritern

Shipping

$120 DouglaİBİ : KAN

$80

H.K. Firs

8100 H.K. & K. Whart

Providents

Proridente (now)

831

+

$20

H.K. Docks C. RTB...

8457

***

IP:

8

FINANCE

POWELL'S REPORT

YEAR'S

GOOD

WORKING

Com-

The 39th Ordinary annual meet-fulfilled satisfactorily the ing of Messrs. William Powell. pany's business should not suffer Ltd., was held at their registered unduly. offices yesterday, when. Mr. E. M.

MORE CASH BUSINESS Raymond, chairman of the Board Others

approxi- Sundry Debtors Directors, presided. present Included Messrs. W. Lmately $4,000 less than last year. Alexander (secretary), S. H. Ross. Full provision has been made for H. Overy Managing Director). J.doubtful debts and the greater portion of the amount shown has T. Bagram and S. Black

of

are

Mr. Raymond was re-elected as since been collected. The reduc- tors, while Messrs. Linstead and dication of the considerable in- chairman of the Board of Direction in sundry debtors is an in- crease in cash business as against Davis were re-elected auditors.

credit business.

CHAIRMAN'S REPORT Presenting the annual report, Mr. Raymond said:→

are any I do not think there other items in the Balance Sheet which call for particular com- ment.

WEDNESDAY, MAY 29, 1940. --PAGE

BLACK&WHITE

MATURITY WITH PURITY

YOUR FIRST SIP TELLS YOU IT'S THE SCOTCH.

On the liability side it will be noted that sundry creditors are greater by approximately $8,000 Credi- Your Directors are pleased to than at February. 28, 1939.

shown under. "Trade., and place before you accounts showing tors such a satisfactory result of the Sundry" amounting to $23,490.41 year's trading. Profit for the year including a liability in respect of shows an increase of approximate- goods in transit of $16.220.20 have

since been paid. ly $3,000 over the last year.

The conditions prevalling in the Colony during the past year were your Company's favourable to business as they have been to the majority of retail concerns in the agree Colony. I think you will

In conclusion I feel that I am that such conditions are abnormal and it would be impossible to fore-expressing the wishes of share- tell how long the present situation holders in thanking Mr. Overy and will continue. It is too early to his Staff for their services during give any indication of cur trading the year. Increased turnover has

meant Increased work for the The market is marking time. for the current year. I may say. however, that turnover to date staff and they have carried out there being practically rothing-It is learned that the National compares very favourably with their duties admirably. Since the doing. that of the same period last year. CONSERVATISM ADVISED

STAFF THANKED

date of the last General Meeting an invitation was extended to Mr. S. Hampden. Ross to join the

In view of the uncertainty of Board, which was accepted. the future your Directors consider

I will now formally propose the

that a conservative policy is advis-adoption of the report and acr able. They recommend therefore counts as presented.

that of the balance at credit of This was duly seconded Profit and Loss Account available | passed."

$21,000 representing 25 per cent. HONGKONG

share.

and

SHAREBROKERS

ASSOCIATION

Wharves

Turning to the Balance Sheet it will be noted that the value of H.K. Docks Rts. stocks on hand is approximately the same as last year. Stocks valued have been conservatively and are readily saleable. In this connection I would like to point out that owing to the outbreak of war it may be anticipated that some dificulty will be experienced with regard to stock replacements!

that prices and Indications are will be considerably higher than last year. Your Directors have

reason-

taken such steps as can ably be made to minimise this dimculty as far as possible and provided orders already forwarded

!

H.K. STOCK EXCHANGE

BUYERS

H.K. Banks, $1330. Tramways, $10. : Electrics, "$59.

H.K. Govt. 4% Loan, 102,

SALES

Wharves, 305.

Docks Rts.. $1.80.

Providents, $3).

Electrics, $59}.

MANILA GOLD SHARES

RELIEF FUND FOR HUPEH

CHUNGKING, May 28 (Central)

Government will appropriate $1,000,000 for emergency, rellet in Hupeh province.

Dr. H. H. Kung, Vice-Presidens of the Executive Yuan and Mr. Hsu Shih-ying, Acting Chairman Commis- of the National Relief sion, have consented to appro- priate this amount in response to a petition of the Hapeh Political Advisory Council,"

REFUGEES STRANDED* Atuks 13s, Antamok 08s, Bagulo Thirty-six hsien in the province Gold 14s, Batong Buhay 0075s, Bigare affected by the war. Over Wedge 15, Coco Grove 051s, Con. 1,200,000 refugees who have fled Mines 0013b, Demonstration 845b from these halen are now strand- IX.L. 2013. Ipo Gold 043b, Itogon ed in various places homeless and. Mining 148, Masbate Con 0615, destitute. Many of them have Mine Operations 054s, North Ga. become paupers 175 $ 3,50 marines 02b, Farscale Gummaus About 13,000 students from.

13s. San Mauricio 48s, Surigao Con. these hsten

serious are also in 19.00 lib, Suyoc Con. 09b, United Para-"

pligh: owing to the cutting off of 17.00 cale 14s, Mindanao Motherlode

from thel: financial support families which have been either. reduced to utter poverty or fallen victim to Japanese aerial bombs.

The total value is $18,131.70.

RAUBS REPORT

7.00

The Hongkong Stock Exchange yesterday received the following

וי

COMMITTEE'S

DECISION

An epidemie of cholera in north claiming Hupeh 15, meanwhile.

LONDON, May 28 (Reuter)-many victims,

Under existing coriditions in cir-

cles are not surprised by the In- ternational Committees decision to ceeding for some time, while the. raise the quota from eighty to easiness of the price in the part a hundred centum.

few days may prove sufficient to It is considered the market is discount any depressing effect of not likely to be materially affect the committee's recommendation cable from the Raub Australianed, it being pointed out that the to the signatory Governments to actual production is not affected permit shipment against export Gold Mining Co.

Report No. 559. Fine Ourices 1494, by the increase as the building uprights at the commencement of

of minehead stocks. had been pro- the third quarter.

for replacement of stocks can be Profit $29.000..

Q

for appropriation the sum of $11,-

·B

000 should be placed to general re-

Chartered Bank ............ HK. & Shal Bank (Idn.

Reg.)

87

serve which will then stand, at

83

of the issued capital of the Com-

H.K. & Shal Bank (Col.

SHAREBROKERS ASSOCIATION

Reg)

02

Bayern

Bellera Sales Nomigal TUESDAY 28,

MAY.

Dager

BeLore

Safor oralan?

Chinese Eng. & Mining

(bearer)

1876

pany. I trust shareholders approve of this recommendation. I trust also, that shareholders will approve the recommendation

will

Volume Of Business Transacted

to

on Tuesday, May 28, 1940.

Chosen Corporation

8/6

pay the same dividend as last year

Pekin Syndicate

2act

S'hai Elec. Constr. Co....

15

813409hal Waterworks. "A"

15

of twenty cents per share and an China Providents Increased bonus of ten cents per China Lights (0)

Dairy Farms

-300

27

£89"

Unton Insurance".

28

H.K.. Docks X. Ats...

150

£83

全輝い

Gula Kalumpong Rubber

17/6

167 4:60

0673.

£30

Allied Ironfounders

13/3

164

450

£191

Asso. & Elec. Industries

38/3-

50

95.00

$74

Austin Motors, ord.

12/3

50

95.09 TIN

50 ct.

Cable & Wireless, New

Form, ord.

48

1.383

$218

B.-A, Tob. (bearer)

94/4)

10 cts

Mercantile Bank

121

8170

Cammell Laird, ord."

5/B

1exican Eagle

3/10

$120

Courtaulds

30

811 Steamboats

$114

8100 Tado-China

(Prat.)

Distfilers

61

3100

Indo-China (Dul.)...

$120

Dunlop Rubber

61/101 Bhalla

82/8

Gen. Electric (England)

32/3 78/3

$6.00 Waterkonta

$8.00

Guinness (A) Son & Co.

71

Docks, Wharves,

Hawker Siddeley Airc. ...

Godowns, etc.

807

Bristol Aeroplane

10/11 10/6

$31

Imperial, Chemical Ind.

28/6

Imperial Tobacco

96/3

818

Marks&Sp'cer "A" ord. 376.

-318 H.K. Docks X. Rta.... 817

Rolls Royce

78/11

34.

do Rts.

$4.40

84+

Leyland Motors

57/8

8271 Shangbai Docka

*$20

Tate & Lyle

50

Mining

Turner Newall

61/3

18/0

Kalings

19/0

$0.65 Bab

$0.00

United Steel

20/3

6 cts, Hong Kong Mine ...

Veneruela Gold Fide

Smethwick Drop Forg....

13:

Armstrong Stevens, ord.

61

Lands, Hotels and

Pressed Steel, com.

Buildings

Vickers. ord.

14/11 14/8

$4.35 $34

.. Hotals...

$4

Woolworths

.54

H.K. Lands...........

....B.

$34

Anglo-Dutch

19

$100 Do. 4% Debentur

$100

$10.10 Shanghai Lands 8.

"$4.20 E.K. Boaltios

$4.20

Humphrey

#8

$104 Chinese Erishes

Cotton Mills

2371 Ewo (8.)

8410 8'hel Cottons (5)

Zoong Hings (8.)

Wing On Textiles (8.)

Public Tilities

Rub, Plant, Invest. Trust 25

Burma Corporation ...... 7/6 $7.76 Commonwealth

Mining

Maraman Investments.. Randfontein Estates

10 33/14

SHOE CO.LTD.

HONGKONG SUPPLIES ALL

KINDS OF

FOOTWEAR

Hongkong Daily Press

CLASSIFIED

ADVERTISEMENTS

店商品食

FUNG YUEN

AERATED WATERS, SWEETS & PROVISION

OBTAINABLE ́AT

126, WANCHAÏ ROAD

Opposite Cathay Theatre.

$307

Western Holdings

.0/9

$210 Sub-Nigel.

185

Tanami Gold Mining

4id

$120

Anglo-Iranian

48/12

WANTED

Burmah

62/6

16/16)

$8

Tramwaya 'andame Peak Trams fold) ...

816

$16

Shell Trans,

匙

Trad.

34

Park Trams (now) ...

(bearer)

61/101

34

$30 Star Ferries

$22.85)Yail Forrion

Do low)

$6,85 China

4 China Li (0)

China

(New)

Lights Rtn.

H.K. Electricɛ kunne

$21.10 Macao Macros

311 Bandakan Lágkin un $28 Talephones (Dad) ", $10.20 Telephone (new).....

Tractions

Tractions (pr.)... Industrials

$14.90 Cald, Meog. [Ord.) 8.: Cald., Macg (Pret.) B.

TET

$60

•-Nominal

3221

26.1

$4

1-ex-dividend

LONDON STOCK

EXCHANGE

LONDON, May 23 (Reuter)--

TO LET

Fully Furnished Room Laundry

HOTEL 3

COOKED IN THE

Wanted for Shanghai, Machine Shop Superintendent with

ir Point-Breakfast Optional - $40, ganizing ability. experienced assembling and general. main-Telephone 30251 or write Box No. tenance of diesel vehicles. Reply 315 c/o Hong Kong Daily Press. giving-full-particulars of qualifica-

princluded-Healthy Locality, North RUSSIAN FOOD RUSSIAN WAY

tions and copies of testimonials to

Box No. 311 e/o Hong Kong Dally Press.

}}

لوگر

FOR SALE

Morning Dress with top hat perfect condition--London taliors

36 In the Stock Exchange, despite the

extreme

quietness, trading in.

Wanted for Shanghal, Foreman-height 5-84: chest 41/42, hat 71 gilt-edged securities initially im- proved and retained all gains. Electrician for large garage, ex- $60 quick sale. Box No. 309 c/o Dealings opened in the two per perlenced in the maintenance of Hong Kong Daily Press.

23/0

*01

batteries and general equipment.

cent conversion stock at 9.84 ex- dividend Other groups drifted Reply giving full particulars of support. Waliqualifications and coples of testi- monials to Box No. 312 c/o Hong Kong Dally Press.

down on lack of

Street was firm.

ANGLO-SOVIET“

TRADE

TALKS

LONDON, May 28 (Reuter) —— :

Sir Stafford Cripps has already

started on the first stage of his

CHINA AND THE EUROPEAN WAR SHANGHAI, May 28 (Reuter-

Journey to Moscow, The: reply If the European, War does not 1091, received from the Soviet Union embroil Asia, there are good pres- 961% about the visit of a British Mis-pects of increasing China's export $30

slon to discuss Anglo-Soviet trade- trade, in view of the heavy Allied το well- 14 relations is understood to have demands according

Informed circles, says the Tamei favoured the proposal, although there are certain "detalls which Pao. Since the conflict Chinese have to be examined: Neverthe-exports to the South Sea Islands

have sky-rocketed, report 'adds, less Bir Stafford has already left.

811

Just Received

Fresh supply of the 'best varieties of

Reliable and Tested Flower and Vegetable Seeds

from

Sutton & Sons Ltd. Redding now obtainable at

GRACA & CO. Dealers in Garden Beeds, Postage Stamps, &c. &c.

21

No. 10, Wyndham Street. Established 1896.,

Hng Kong.

TABLE D'HOTE $1.90 ALSO A LA CARTE

AT THE

METROPOLE HOTEL -

1940 ZENITH

· NEW MODELS Just arrived

· NO AERIAL, NO GROUND, Just plug in and play. CHUEN YEE HONG

54 Des Voeux Road C.

AUCTIONEERS

GREATEST COLLECTION OF BARGAINS IN TOWN!

፡፡

LAMMEETS AUCTION BOOM Laminert, Brothers 2, Coinagh

Rud Control. Telephone No. 2022).

AT

Jimmy's

TEA DANCE DAILY

5 TO 130 P.M. MUSIC BY THE METROPOLE SWING BAND

Telephone 24311.

ENGRAVERS

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

BUTTERICK

·Expert Ladies' Tailor New Style Beady Made Dresses

FOR SALE.

16, Wyndham Street. Tel. 23615.

YOU CAN NOW EAT

$60)

$59

810.20

A

– ཙྩ ཨཱཝཱརི

$12

$1

1 Canton Töne untuma

Camende

$15

#51

Bope.MEMUPO

MiscellaneoUS

$4.90

$20 Dairy Farm...........

$19

$194

Dairy Farm...

$7

Ch. 'isinsenbe

87

#11

Constructions

$1.85

81

Constructions

38}

Lane Crawforda

Nanyang Tobacon. ....

$3,40

$2.50 Bincares., *******

$2.20

37.30

#81 Waisons d ́autamamen

$8.30

$8.30

45% Ch. 0.5% 19260 3841,

H.E. Gork. 4% Loans

$102

€07

B.E. Govt. 24% Lonn

$39

H.E. Wog Os ****

***

|8'hai Wing On

10/0

4/1

Vibro Pling Marsmans Inv. (Lon.)

Maremade Inv. (H.K.) $1.30 Wm. Powalla

*Bales o Shanghai

.1