HONGKONG DAILY PRESS
Finance
H.K. STOCK EXCHANGE
Today Dalon of Cantons were
and Commerce
New Zealand
Taxation
MONEY AND EXCHANGE
WELLINGTON June 28 (Reuter) CLOSING QUOTATIONS
dealt in at the reduced rate of Mr, Walter Nash, Finance Minis- $300 and a large line of Old Tele- phones at $19. The week has beenter, in presenting the New Zealand quiet and hesitant, but at the close Budget, said in order to meet war expenditure, estimated at a total a somewhat better feeling abounds. Enquiries are again entering the of £30,000,000 there will be a new National Security Tax of a shilling market and on a broader basis to the pound on all comes in than has been the case for a while addition to the present shilling past. Prices on the whole are Social Security Tax and an in- lower than those of a week ago crease from Ave to ten per cent on If the present enquiry persists and the Sales Tax. extends it should be followed by a partial recovery in price levels, supplies of scrip today are not particularly abundant
BUSINESS DONE UURING THE WEEK.
HK. Banks, 31200, $1125, $1100. Union Ina, $3.00.
Providents, $34.
Lands, $30, 3291. Realties, $31.
Tramways, "$141, $144..$14.15, $14,
China Lights \(0); $8.
China Lights (N), $3.
Electrics, $57. $581, $50).
Telephones (0), $20. Cements. $134. $13.
Dairy Farms, $19.20, $181. Watson, $7.80, $7.60. Entertainments, $8.60. "Govt. 34% Loan. 95 Ex. Int.
BUYERS
HK, Banks, $1005. Union Ins... $300.
Lands, $291
Trams, $14.
Mr. Nash announced a National Savings Scheme for small inves- tors, interest free," and loans" for the larger Investments.
Income tax is now half-crown to the pound, an increase of six- pence in the first £100 taxable. Income Company Taxation is also increased, and Mr. Nash forecast proposals for a hundred per cent Excess War-Profits Tax.
Cements, $13.
Watsons, $7.40.
SELLERS
B.K. Govt. 4% Loan. '$103.50.
SALES
Bank of East Akia, $73.
Union Iris, $300,
Electrics, $56.
Telephones (0), 319.
Watsons. $7.40.
JUNE 28. 1940.
Op London:
Telegraphic Transfer. 1/3.7/8 Bank Bills, en demand is 7/8 Credits 4 months' sight 1/3 1/3 On Shanghá
On Singapore -
on Japan:-
On demand
On dersand
375
59 3/4
On demand............. 103 Qn India:-
On New York:
$89 '1/9
Telegraphic Transfer. and demand
Bank Bills, "on demand 24 1/2 Credits, 60 days, sight 25 /8 On Batavis:-
On demand": on Partà:—
11
40 3/4
Bank Billa, on demand 1095 Credits 4 months' sight 1150
On Baigon:-
On demand
Op Manila:----
On demand
On Bangkok-
On demand
On Sterling Notes:
108, 34
::
49
149 1/2
175 1/4.
· 11/0
Shanghai, June 28 (Reuter).
OMetal TT. Kates
Bank Buying Rate
Bar Silver për os.
Shanghai Exchange
FK Gort. 34% Loan; 95 X. Int.
London.
New York
Japan
India
SHAREBROKERS' ASSOCIATION
Paris Hongkong
Bayera
44ilers Bul Nom FRIDAY 28.
Buyer Billars
Bala Nominal
Sterling
JUNE.
Sellers
Bazkr
Do. (Col. Eas.)
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE,
****
2305
$300
{E#
ת
$1100 HK. Banks Command
£55.
£53
£1
Do. Lon. Eng.}·
£5.9/10 Chartered Banks
981 Mercantile Bka. "A"
Mercantile Ktz, "O
$13
Bank of East Asia ...
N. C. & A. Banka ... Insurances,
#218 Canton Insurancot ... Union InsuraİR
85 eta. Underwriters
$180
X. Firm
Shipping
$80
$95
FINANCE
LONDON STOCK ANNUAL MEETING
MARKET
LONDON, June 28 (Reuter)-In the Stock Exchange yesterday an all-round Improvement was noted owing to the brighter interpreta
OF HONGKONG
MINES LTD.
tion of the war netis Industrials Lean Year Reported
recovered a good part of the re- cent losses, the leaders showing considerable gains. Kamrs were quietly absorbed and base metals sympathetically advanced. OLLA were stronger and gilt edged were quiet, mainly firm. Wall Street was firm
MARKET REPORT
FROM ROZA, BROS.
By Chairman
A lean year, due to the low price of lead and increased cost of materiala due to war conditions and exchange, was experienced by the Hongkong Mines, Ltd., reported Mr. C. C. Stark, managing director, at the annual meeting of the company yesterday.
Reading the report of the chair- silver prices rose yesterday to man of directors, Mr.. Stark sald:-- the extent of 7/16 for Ready and The year under review was an 5/18 for Forward, the quotations exceptionally lean one due to the being 21.11/18 and 21.1/2 respec- persistently low price of Lead cou- tively. Sliver advices reported the pled with the increased cost of market as being steady with a materials due to war conditions Operations were small business done, Offering were and exchange. scarce. American Silver was quot- also somewhat hampered by re- ed at 34.3/4 for Spot,
current political trouble on the The London-New York cross-Border but continuous operations, rate was quoted at 402.1/2. New was nevertheless maintained. York/London was quoted at 400. 172.
MARKET
STERLING
A shade easier,
+
You will note that we have again written off a very large amount in depreciation-16. over half a million dollars. This is
SATURDAY, JUNE 29, 1940 -PAGE
Unrivalled Age and Quality
in
BLACK
&"
WHITE
NO IF OR MAY BE
IT'S THE SCOTCH.
based on reserves at the end of WEEKLY RETURNS AND REPORTS
Business was done during the the year. These reserves were ex- course of the morning at 1/2 for ceptionally low due to the fact near delivery. The market closed that we did not consider it ad- at 1 p.m. with sellers at 1/231/32 visable to go in for extensive deve- June/September at 173.1/32 torlopment with the existing low
price of lead. aa Cash and 1/3 August.
BANK OF ENGLAND LONDON, June 27 (Reuter).
25
Public Deposita
}
Other_Deposits:-
Bankers
Other Accounts Total
June 20
£
36,280
57,970
1,730
| 82,750|| 50.336
Government Securities
130,560
Other Securities:-
Discounts & Advances Securities
3.140
4,710
26,970
23,540
· Last
30.610
28,250
Notes and Coins
$2,660
29,500
1710
389,060
168/6
15.43%
U.. S. DOLLARS
As you will note, however, from Opened; with sellers at 24.1/2 Melson and Company's report but subsequently the market eased new additional ore bodies have. off and bukiness was done at 24. been found during the normal 3/8 for Cash, Later the market working and these are turning reacted and towards lunch time out there were smalf sellers at 24.0/16 month's production of 643.25 dry. for near buyers at. 24.5/8 for tons 5404 short dry tons was a Cash,
record high and there is every prospect that this level can be maintained.
very Opening 0/3-3/4
25-1/2 20-3/4 nominal 24-7/8
Closing Opening 0/3-25/32 · 0/3-7/8 b/3-25/320/3-7/8
0/3-27/32
Spot
$1000
June
£60
203
July
0/3-3/4
£8
U.S. Dollars
£281
£11
Spot
$0-1/4
$73
June
6-1/4
50 ct.
July
$6-5/16 8-5/16 8-5/32 i. 6-3/16
Market:Uncertain.
$218
19
414
8305
Silver Duty Esta
60 cts
$160-
$190
8100
$100 30/0
***
$120 Dougla
211
Steambonda
$100 Indo-Chines
Indo-Chinas (Del.)...
31/3 Shella
$6.90 waterboate
Docks, Wharves,
Godowns, etc.
HK. &
Providenia
Wharron
Providente (new)
8151 E.K. Docks (Old)...
#161H.K. Docka (New)..
924
17/3
do Rita
Shanghai Dookah. ... Mining.
$9.56 Haubere Venerala Gold Plás
6 eta, Hong Kong Mine
Lands, Hotels and
Bulidings
#436 H.K. Hotsh
$30/ 231 H.K. Landı
$100 Do. 4% Debentarus –
$9.70 Changhat Landu
#31
H.K. Besitive .........
$8 Humphreys
!!!!
4019
The Central Bank ol. China's rate un London at 10 a.m. today was 1/2-1/2d.
{
SHANGHAI DOLLARS Opened with sellers at 385 with business done at 338" and also 385. The market closed at lunch time with sellers at 384.
•
SHANGHAI MARKET Sterling opened with sellers at 3.27/32 and close with sellers at 3.7/8 for Spot. UB. Dollars closed with sellers at 6.5/16 for Spoti
AFTERNOON MARKET
Quict.
*A STERLING - The market closed with sellers at 1/231/32 June/September, buyer at 1/3.1/32 Cash and 1/3 August. D. S. DOLLARS
The market closed with
The Equalisation rate was 14 Cash.. per cent.
$6.00 Calcutta Exchange-
895
Calcutta, June 27 Reuter). TT. on Japan, 88-3/8.
$14 India Rupee Paper
Bombay. June 27 (Reuter)... Govt. 3% Rupee, 84-04-0.
$144
$231
17/6
回复
$2.95
$3.05
$30/ 291
$100
$3.00
CHINA'S FOF
TRADE H.f
GN
PEIPING, June 28 (Reuter)—A move which is likely to lead to serious deterioration in foreign $7.60 trade with North China, was an- nounced by the Japanese "spon- sored "government" at Pelping.
sellers
well · indeed.
PRESENT STOCK
Our present stock of Lead Con centrates amounts to approxi- mately 7,000 tons-five thousand tons of which has been sold to the British Government,
...
The Smelter at the Mine is now practically complete and we hope to be pouring lead within the next few days. We do not anticipate any dimculty in disposing of our! entire smelter output locally at a remunerative price.
We are now negotiating with a Chinese concern who wish to con
at 24.7/18 Cash, buyers at 249/16 tract with us for treatment of the smelter gases from which they We will extract Sulphuric Acid. will secure a royalty on the gross output and they will provide all the necessary finance.
SHANGHAI DOLLARS Sellers at 385... --
SHANGHAI MARKET The market closed with of Sterling at 3.7/8 and Dollars at 6.5/18 for Spot.
sellers U. S.
ata
SHOE CO.LTD.
HONGKONG SUPPLIES ALL
KINDS OF
FOOTWEAR
As existing conditions should tend to increase the price very
Total
Total Bullion:
Notes in circulation
Ratio of Reserve to Liabilities
Price of Gold at which holdings are valued
FEDERAL RESERVÉ SYSTEM
NEW YORK, Jume 27 (Reuter).
Bills Bought
U.S. Securities held
Federal Reserve Ratio
Federal Reserve Credit Outstanding: Monetary Gold Stock Industrial Advance.
June 22 (1939) June 20
June
omitted)
1,000
2,473,000
· 1,479,000· 88.73% #M%
2311000
19.871060
2,564,000
8569%
3,584,000 2,539,000
16.060,000 19,759,000 12,377,000
9,011,000
28.975,000
very: Lam, seconded by Mr. L. D. Purves, Messrs. T. A. Martin and
were re-elected
materially the outlook. is much brighter."
The report and accounts were Company
Auditors unanimously adopted.
"
THE RE-ELECTION
The re-election of Messrs. Geo, T. Scholey and David Wa Kwok Au as Directors was proposed by Mr. L J. Coote, seconded by Mr. F. L Lam and carried unanimously.
Those present at the meeting indinded Messrs. Chas, C. Stark (in the Chair), L. J. Coote (re- mesenting Messrs. Nielson and Company, Inc), F. L. Lam, L. D. Purves, T. A. Martin and R. M Baldridge (General Superinten
On the proposal of Mr. F. L. dent of the Hongkong Mines.
-
Hongkong Daily Press
CLASSIFIED ADVERTISEMENTS
相濕藝 I
ROYAL STUDIO
Art Photographer/
Excellent Enlarging & Developing
N
-39, Quéén's Rd. C.
Tels. 21184 & 33008,
1:04 Chios: Malates
Cotton/Mais
$312. (B.¶"
8210 S'ha Cottons (B): ....
Zoong-Bing [B.).....
Wing On Twikilu (8.)
$32
$210
The Director-General of Finance
has instructed. the Maritime. Cas-
toms at Tientalin, Chefoo, Tsingtao
that the foreign exchange control
$20
1 2 318རྟ་ཕི
$235
Publie Utiliting
#!
Tramways
$13.90
$14
$7.40. Punk Trade (old){ in |75
$8.
83.70 Peak Trama (new)
#
080
Star Warrjen
$57
$22
Y'anti Ferrine
Do. D
Chins Light (0)
$29
China Lights (New)
Chinn Lights Ris.
$56.25
$17
Macao Electrics (Old)
$18
Electrics (N)...
Taleychonin
190
18
$8
Tractions (pest.)
23/0
Industrinia
$14.90 Cald. Mog. (Ord.) 2.
$23 Cald, Macg. (Prod.) 5.
Canton Tow
Come
Miscellaneous
$18 Dairy Farm
Dairy Farin
$6,60 | Ch. B'imkaznomhu
$12. Constructiongrow (old)
COMBOL.COM
$14ð Lam Crawfords se
Nanyang Tobanta
·82.60 Misoeryoprem
$103H.E. Gori, 49% Laman-
195 Lint. B Govt. Bj% Lom
BH.K. Wing On
18 Vibro Filing
8/10% Maranana Inv. (Le 4/04| MAPAHkun fav. (E.
WANTED KNOWN
ROOM TO LET Fully Furnished Room in Eu
Advertiser Box No. 334 thanks ropean-style Flat-modern ⠀⠀ con- |
up to now applied on exportaail applications and wishes it to veniences, healthy locality-break must be extended to all imports, be known that the fat has been fast optional-Apply 87, Marble except those from Japan and Manchukpo,
This has an effect of placing the foreign trade in North China on the fame basis as that in "Yen bloc" countries. One object is to
let:
TO LET
Road, 2nd Floor, North Point
4H
INSURANCES
"The National Mutual Life Association of Australasis céines you the best Modern detached house in Kow-ondition for a thudy for old wgo"" muid move the apparently severance of loon with @rooms and -7 Yath your family in case your death. the present relationship between rooms. Good locality. Garden and Amunition and educational policjed nes the Chinese National Dollar and large garage. Furniture and fit- the currency of the Federal Re-tings to be taken over at reason- serve Bank of North China. The able price. Please apply to Boxing, Hongkong. latter tends to follow the fluctua No. 379, H... Daily Press. tions of the former.
FOR SALE
2 Bedroom Suites
1 Dining Room Buite
ASSOCIATION |1 Drawing Room Suite complete
with 6 cushions and
.covers.
1 Refrigerator (7, cu. ft.); 2.
new
$13
83.90
HONGKONG
SHAREBROKERS
$8.80
$1.35
Volume of Business Tranzacted
$7.45
$3,10
on Friday, June 28, 1940.
62.10 AS. Watsons
300 €7.50
$7
$7.60
300 56.00
100 30.00
· 100*
100 30.00
93 X
H.K. Telephones (N) Yaumati Ferries
1007,75 Also
226 21.00
Ropes
1,826
condition. 500 #420 All in excellent
joining Services. For full particulars apply Box No. 372 c/o H.K. Daily Press..
Owner
F
HK: Electrica
43 HK. Lends
The total value is $32671.00..
1 G.E. Radio complete with Elec, trie Gramophone playing desk and 300 records.
Klúc Trendese Lavors now: Offert Des Voeux Bd, Cantral (5th floor Boom No, 66) Bank of Canton Bulld
Besident, Secretary,"
H. B WELLS.
Tel. No. 27473,
FERTABS Pills for Plants
A complete Concentrated Food for Pot Plants
for Magic Growth
in boxes of 60 and 150 pills at $1 and $2 per box Direction
Just push them in-water-and
several carpets, tea-poys, watch the amazing growth, tables, chairs, etc.
GRACA & Co.
ROTELS
RUSSIAN CUISINE
MORE POPULAR EVERY DAY
* 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
40015
90%
GELVIASA COLLECTION (6) BAL MNS IN TOWN!
EYAMERAN SENIN PAY
BUTTERICK
Expert Ladies' Tailor
N
Dealers in lower and Vegetable New Style Ready Made Dresses Seeds Porter De
Hoff" Kong.
FOR SALE
16, Wyndham Street Tal. 22615.
TEA DANCES - Tuesdays
-Thursdays"
Saturdays
Sundays
Telephone 24311.
ENGRAVERS
FEI FEI & CO. Photo Engravers
18, Cochrane Street. Telephone. No, 22224,
TH KO
Jimmy's
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