1940-07-02 — Page 9

HONGKONG DAILY PRESS

Finance and Commerce

METAL POSITION MARKET REPORT FLOUR EXPORT

OF GERMANY IS

FROM ROZA, BROS.

PROHIBITED

Monday, July 1" Bilver prices were unchanged The following` Government DISCUSSED

over the week-end, the quotations Gazette Extraordinary was issued LONDON, July 1 (Reuter)-Dk. remaining at 21.5/8 for Ready yesterday:— cassing Germany's metal position, and 21.9/8 for Forward. Silver I, the Controller of Trade, In the Economist points out that it advices were not received. Ameri- exercise of the powers conferred 'was proved in the last war that can Silver was unquoted

on me by regulation 50 of the scrap metai cannot replace km-

The London-New York cross-Defence Regulations, 1939; with rate "was quoted at 4021/2. Now the consent of His Excellency the Officer Administering the Govern- The paper then examines the York/Londen was quoted at 981.

ment hereby prohibit the export except by licence under my hand or under the hand of an officer of my department on my behalf.

and of flour, soya beans bean producta.

ports,

problem of how 'Germany's con- quests can help her overcome her shortage of copper and other needed" metais.

...Idle.

41

MARKET

STERLING

at

Some business was reported French tron, and steel industries. 1/3 for Cash. The market closed the Economist points out, depend with sellers at 1/2.31/32 July/pro- largely on imports of coal, man-bably August, and 1/2.15/16. Sep- ganese, etc..

tember, buyers at 1/3 for any delivers

The German dream of con trolling the Iron-ore resources of Central Europe and North Africa and the building up of tron, steel and" metal industries to rival that of the United States is far from realisation.

י

NOT AVAILABLE Manganese, nickel, tungsten and other metals are not available in any quantity in Europe and North Africa is now withheld by our blockade,

Britain. on the other hand, has; an ample supply and can get sup-

เจ

U. S. DOLLARS" Sellers, at 23.1/2 for Cash, buy- ers at 23.3/4 for Cash.

378

SHANGHAI DOLLARS.

SHANGBAI MARKET

Tne Shanghai market closed today.

AFTERNOON - MARKET

Quiet.

STERLING

No business was reported. Closed at 1/2.31/32 July,

plica of iron ore at Home and in with sellers

the Empire as well as from the probably August, buyers at 1/3) resources of the American steel for Cash industry.

*

U. S. DOLLARS

In 1938 the United States pro-

Closed with sellers at 23.5/8 duced 73,000,000 tons of steel and between them the English for near, buyers at 23.3/4 for speaking countries can produce Cash. twice as much as the whole of Europe combined.

- SHANGHAI DOLLARS 378...

E. W.-HAMILTON,

Controller of Trade.

די

H.K. STOCK EXCHANGE

Hotels were placed at $3. Lands at $29. Trams at $14. Telephones (0) at $19 and Unions at the improved

rate of $315.

SALES

Union Ins., $315.

Hotels, $3.

Lands. $29.

Trams, $14.

Telephones (0), $19, SELLERS

HK. Cort. 4% Loan. X. Int, 103,

FINANCE

RECONSTRUCTION PLAN

FOR SZECHWAN

Economic Commission To Expedite Programme

The economic reconstruction for Szechwan alms at meeting the needs of national defence and the people's livelihood in China, according to the plan' outlined by Generalissimo. Chiang Kal-shek in his capacity as chairman of the province. The full text of the outline was published in a recent issue of the Econo- mią Journal of the Central Bank of China,

The outline provides for the establishment of the Szechwan Economic Reconstruction Commission as the advisory" organ to push the programme. The organization's headquarters was open- „ed'in Chengtu four months ago, tele

The projects and schemes decided upon by the commission will be carried out by the Szechwan-Sikang Development Cor- poration which has been in existence for some time. With this corporation as mother Arm, plans are now afoot to establish a number of other companies in various key paints in Szechwan and Sikang which are to promote and exploit the economic re- sources of their respective, districts under the support and super- vision of the central corporation.

The programme of economic reconstruction consists of eight main items, namely, land, agriculture, industries and mining, communications, trade, currency, land reclamation, and public

health.

A survey is being conducted with These enterprises, however, re- a view to ascertaining the total present an attempt to exploit only Volume of cultivable land and its part of Szechwan's vast economie "wnership in the province. This resources. Ample room, is left for may lead to some. readjustments further development and capital in the relations between landown- Investment, and with these plans ers and tenants. The province is the Szechwan Economic Recon-

TUESDAY, JULY 2, 1940. -PAGE

SAY

Gordon's

...and know what you're drinking/

GORDONS

DRY GIN

DISTILLERY, LONDON.

NO COLOURING MATTER

NO INJURIOUS INGREDIENTS ––

divided into several districts, and struction Commission will be busy US. TO RECEIVE OVERSEAS

land registration is being carried in 1940. out systematically.

COMPREHENSIVE PLAN

Agriculture embraces river con

In communications, the commis- sion plans the construction of such king and Suifu-Kunming lines as railways as the Chengtü-Chung-

servancy and the promotion of the originally projected: A network of

A

WAR CHILDREN

Campaign Launched

INTERESTS OF COATS LTD.

For Necessary Funds meeting of J. & P. Coats,

rural co-operative movement.

the highways connecting the small comprehensive plan has been

industrial and rural centres of the happed out for the construction province has also been drawn up. on à province wide scale of daras Surveys are being conducted in

reservoirs and otherthe hope of turning the rivers into nationwide campaign for $5,000,-

useful waterways.

NEW YORK, July 1 (Renter)--|cently,

The 50th annual ordinary gen-

Limited was held in Glasgow re-

HONGKONG {u,4:

and water

Mr. J. O. M., Clark (chairman of SHAREBROKERS

structures for irrigation so that

000 (£1,250,000) | to' provide the company) presided, and; re- Szechwan will know no drought, in ASSOCIATION the future.

With a view to the promotion shelter in the United States for terring to overseas interests, said: It has been my custom "at pre- Through government help and en-

of foreign trade, resources will be European children now in Britain

vicus meetings to give you a short 1s being launched this week by Volume of Business Transacted

pooled to improve and increase on Monday, July 1, 1940.

couragement, farmers in Szechwan Szechwan's agricultural and and the Allied Relief Fund which was account of the course of our baal- were benefitted by. a total addi-mal products demanded in foreign recently organised to combine the news in various countries. On this HK. Banks

4 - $1,000.00 | tional income from their land of

markets.

To maintain internal efforts of various reller agencies occasion it is not necessary for China Lights (0) 100 5.00 $20,000,000 la 1939, Of this

me to take up much of your time. Palora HK. Hotels

trade, every effort is being made throughout the United States. 3.00 amount, $6,000,000 came from

The campaign, which begins on as I am able, fortunately, to state H.K. Tramways

to keep Szechwan's“. „products m 14.00 sericulture: $4.000.000 from cot-free circulation with other provin-Independence Day (July 4), is un- that, with two unimportant: ex- tan: $2,000,000 from improved cès, and all barriers in the way of dertaken at the request of Unitedceptions, our receipts have been

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE

Bayer

Saliers

1:F

!!!

HI

$30

::

$1000 HK. Banks

Nomina

Bayer

SHAREBROKERS ASSOCIATION

MONDAY 1. JULY. Banks

Bollera

250

Do. (Col. Reg.)

£34

Do. Lon. Reg.

fot

Chartered Banks .......

28

$73

Baak of East Asia......

12

Mercantile Bke. "A".

Mercantile Bks. "C".

N. C. & S. Banks......

Insurances

1218 Canton Insurances......

10:

$300 Union Insurances..... $300

85 eta Underwriters

$180H.K Fires...

Shipping

$120 Douglases

$11

#100

Stearabouts

Indo-Chinas (Pref.)...

$80 Indo-Chinas (Def).....)

33/1

Shells..

16.00 Waterbosts

195

$3

Docks, Wharves, "

Godowns, etc.

H.K. & K. Wharves.... Providents

816 H.K. Docks (Old),...

$15

H.K. "Docks (New)..... 823) +Bhanghai Docks........

10/2 Kaitons

Mining

$9.65 Raiba n

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

Buildings

"

$4.35 H.K. & S. Hotels....

H.K. Lands.

$ino. 4 Debentures..

1980 Shanghai Lands.......

H.K. Realties... Humphreys

68

$104 Chinese Estates......

Cotton Mills

$30) Dwa (8.)

$210 S'hai Cottons (8.)-

314

*014

Zong Bings (9.)........

:::

:::

Wing On Textiles (8.) $125.

Public Utilities

H.K. Tramways..

$7.40 Peak Trams (old)......

83.70 Peak Trams (now)...

300

$92

46

**

$3.05

Star Ferries.

nati Ferries

China Lighix (0)...............

China Lights (New).......

$87 H.E. Electrics

317

$16.

$11

$10

ta.

Macao Electrics (Old) Macno Electrics (New) Sandakan Lights................. Telephones (old)..... Telephones (new)

S'pore Tractions (Ord.) Industrials

14,90 Cald., Yang. (Ord.) B

$11

Cald,, Macg. Pref.)8..

$1

Canton Ices...

$13

Cements

#42

H.E. Ropes an

814

MiscellancÒULA

Dairy Farma..aturinters

$6.60 Entertainments

31

Constructions (old).. Constractions (new)..

17.46 Lane Crawfords.....

Nangang Tobacco

Watsons.

43 C G.5% 1925G15.

E.K. Govt. 4% Loses

ILK Wing On

$310

32.60

K.K Govt. 31% Cont

500

100

$1090

704

£35

The total value is $7.490.00.

£14

£8

crops; $500.000 from scientific animal husbandry, and $5,000,000 trom effective control of insect pests.

L28

21f

$73

50-ct

EFFECT OF

$218

$300/315

60 cta

8:00

+$120

$10

$100

$30

LABOUR POACHING

be Inter-county trade are to abolished.

-" 2 .5;,

FINANCIAL SYSTEM

States Government officials and higher in all cases, and most of with the cordial endorsement of this improvement has taken piece Lord Lothian, British Ambassador, during the last six months' of the to the United States, states Mr. year. In 1939, the amount of credit The Snancial and currency sys-Winthrop Waldwrich, President of NO LONGER IN TOUCH loans extended the farmers in tem in Szechwan will be strength-the Fund,

We are naturally no unger in Szechwan by governmental banksjened by further substantiating the

with Children coming to the United touch

our subsidiaries in totalled $40,000,000: This will be provincial bank. In additiori, rural states will be those who took re- enemy occupied territory, but the increased to $100,000,000 in 1940. co-operative banks will be extend-fuge in Britain from France and last news we had about our mill So it may be reasonably expected ed to all parts of the province. To children of British parents who, in Poland, which is near the scene that agricultural production in the date, only 77 out of 138 counties of naturally, will be more numerous. of some of the fighting, was to the province this year will be const- Szechwan have co-operative banks.

effect that any damage that it had Several leading machine tool derably increased;

Preparations have been started to

received was very slight manufacturers have informed their In the field of Industries and erect. more than 100 granaries

The difficulties which trade organisation that they are mining, the total capital invest throughout the province.

people in China have encountered 8100 failing behind in deliveries they ment so far in the province is ap- The eastern, southern and outline. First, there should be es-

during the last year are almost 31/0 had every hope of fulfilling be-proximately $300,000,000. Leading western frontiers of Szechwan are tablished a health centre in each unbelievable, and it redounde 89.90 cause of the practice of poaching firms already established in Sze-thinly populated. These border county. Second, training institutes

chwan include the China Indus-regions total 132,400 square lo should be set up to turn out the greatly to the credit of the man- agement that they have not only trial Corporation, 3 iron and steel metres, and the population aver-necessary health personnel. Third, been able to carry on but actually works, 3 mining companies, 1 ages only 82 persons per square hospitals and clinics

Increase the production and sales- $141 cantly

Tool Trades Association sald re-chemical plant, 2 electric plants, 3 kilometre. Plenty of room is avall-tagious diseases should be estab of the company.

skilled labour.

Ban

The secretary of the Machine

来

$146

824

16/3

phasized in the

Generalissimo's

for "con-

our

paper mills, 1 match factory, 1able for colonization and reclama-lished for the prevention of epide- "Well-estabilahed firms which alcohol plant, 3 machine shops, 4tion.

mica. Fourth, factories should be carmot jou in this unholy spiral cotton mills, and the Chungking For the promotion of public provided to manufacture all kindstical plants to produce medicines of rising prices are being Pre-Power Plant.

health, four main points are em- of health supplies and pharmaceu-out of Chinese herba(CICY judiced by the

actions of new firms and other who are going to every length to take away their trained men,

$3.05

$100

$3.80 $7.60

Even

We have been hammering at the authorities on this matter since the outbreak of war. while we were engaged in the pre-war defence programme found ourselves in the position of losing men we had trained our- $314 9210lves.

#4

$21 26/16.02 $5.00

Cum bonusj. #56

፡፡

We

'We are tied to agreed rates and cannot recover under the escalator clause, and even if we wished to we are precluded from Joining, in the bargaining for men,

TRAINEE DIFTICULATES "Another aspect of this business is that we are being called upon to stake: trainée" labour, The Ministry of Labour is producing good results, but the men they turn out are rather raw when they came into our worki

23/0 Teaching firms are not taking their share of these trainees. We are losing our best men while having to train the half-finished 31-product.

$13

$4.20

8171

$8.80

"Mushroom firms are not the only offenders in this respect, Some Government establishments

V SHUE CO. LTD.

HONGKONG SUPPLIES ALL "KINDS OF

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Hongkong Daily Press CLASSIFIED ADVERTISEMENTS

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$7.45 trouble with them

10.

This poaching technique is also having an effect on our polley constant night shifts because Toal we cannot keep our key mam, kryt 9517 It is not so much con fter as con

S'hai Wing On

14

Vibro Piling

the

8/101

Härsmang iny. (Lom.)

Maramana Inv. (ILK)

$1

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Why Fowell

the Control

Road, 2nd Floor: North Point

of movement, much could be done to of eradicate the root of the trouble"

secretary

offerti: taken to

induce

BUTTERICK Expert-Ladies Tailor

New Style Ready Made Dresses FOR SALE.

16, Wyndham Street. Tel, 23635.

FERTABS

Pills for Plants complete Concentrated Food for Pot Plants

for Magic Growth

in boxes of 80 and 160 pills at $1 and $2 per bax. Direction

Just push them in water-and watch the amazing gro

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Dealers in Finwer, mon Veg

tréel

HOTELS

RUSSIAN CUISINE

MORE POPULAR EVERY DAY

METROPOLE HOTEL

1940 ZENITH

NEW MODELS Jurt arrived

NO AERIAL, NO GROUND,

Just plug and play CHUEN YEE HONG

54 Des Voeux Road C.

Jimmy's

TEA DANCES.

Tuesdays

Thursdays

Saturdayı

750

Telephone 24311

FEI FE