1940-07-04 — Page 9

HONGKONG DAILY PRESS

*

Finance and

and Commerce

£6,766,080 MARKET REPORT

Offers To

Government

|

FROM ROZA, BROS.

Wednesday, July 3. The price for Ready, Silver rose 1/8 to 21.13/16 but the Forward rate was unchanged at 21.11/16. Silver advices reported some bear covering for Spot. A small busi- LONDON, July 3 (Reuter)-The Chancellor of the Exchequer. Sirness, was done. The" market was Kingsley Wood, stated that up to of yesterday morning offers

£8,766,030,, have been made to the Government free of interest dur- ing the war,

Various other offers have, more- over, been indicated to him.

CAPT.

BALFOUR

EXPLAINS LONDON "July 3 (Reuter) In reply to a question in House of Commons "yesterday the

the

Under-Secretary for Air, Captain sole H.K. Balfour, said. that the

breakdown in reason for the negotiations for the manufacture

aero-engines of Rolls-Royce America was that Mr. Henry Ford had stipulated that his factory

aero-engines would make

in

only

steady. American Silver WAS quoted at 34.3/4 for Spot.

The London-New York Cross- rate was quoted at 402.1/2. New York-London' was quoted at 380.

МЛЕКЕТ

Quiet

STERLING

A small business was done at 1/3 for Cash. The market closed with small sellers at 1/3 for Cash and 1/231/32 August-September. buyers at 1/3.1/32 for Cash and 1/3 August.

U. S. DOLLARS'

Nothing doing. Opened with sellers at 23.5/8 and closed with probable sellers at 23.11/16. buyers at 23.13/16 for Cash,

SHANGHAI DOLLARS

Opened with sellers at 380 with for the Government of the Unit-business done at 382 and also 383.

ed Staten.

11

LONDON METALS

EXCHANGE

Tin, Btandard, · Cash,

H.K. STOCK

EXCHANGE

Wednesday, July 3. The morning's session was on the quiet side.

SALES R.K. Lands, $28.75. Trams, $14/13.90.

HONGKONG

SHAREBROKERS'

ASSOCIATION

Volume of Business Transacted on Wednesday, July 3, 1940. China Lights (Old) 300 China Lights (New)' H.K. Tramways HK. Hotels

356

400

500

1750

The total value is $13.305 80,

FINANCE

MALAYA AND THE WAR.

ENTIRE WORLD OUTPUT OF RUBBER CONTROLLED

Importance of rubber in the war-which is the only essential war material which is wholly under Allied control-and the of- dealt fects of the war on the rubber growing industry, were with by Dr. H. J. Page, Director of the Rubber Research Insti tute, in a broadcast from the Singapore station.

"Shortage of rubber is likely to be one of the chief factors by which the war effort of the Axis powers can be brought to a standstill in the long war which unhappily seems to be inevita- ble." declared Dr. Page.

Dr. Page sald, in part:- There are three and a quarter million acres of rubber trees in Malaya, about forty per cent of the world's acreage.

same way in a totalitarian econo- my, particularly in wartime.

EFFECTS OF WAR"

Let us now turn our attention to the other side of the picture... The capital invested in Malayan the effects of the war on the rub- rubber estates (excluding small ber-growing industry. For Malaya's holdings) must be nearly $1,000,-resources in rubber-production to 5.80 000,000, and (besides small hol- be turned to account, there are 3.05 ders) they employ a labour force three successive stages: Arst, set- 14.00 (of a third of million, largely ting the latex; next, turning it 3.00 Indians; and thousands of Eu- inte raw rubber suitable for export; ropean and Asiatic planters, not and finally, transporting it to tha to mention the hundreds of bug- consumer. Iness men-in agency Arms, bro- kers, and so on--whose livelihood depends almost entirely on rubber-growing industry..

DEVELOPMENT IN WEST INDIES

the

VALUE OF INDUSTRY The value of Malaya's gross ex-

To get tre later the trees must be grown, and then tapped and the latex collected and brought to the estate factory. To maintain production at its present level; .or. The Colonial Office announces that Sir Frank Stockdale. Agricul-

to expand it, Malaya" is almost tural Adviser to the Secretary for ports of all kinds in 1938 was independent of supplies from over- Colonies, has been selected for nearly $600,000,000, and of this seas, but in recent years manur- exports accounted for ing has become an integral part appointment as Comptroller for rubber Development and Welfare in the nearly Afty per cent., almost of estate practice.

A certain amount of latex is ex- West Indies. Sir Frank Stockdale, $300,000,000, consisting of over half

million tons. I will not labour ported as such, but most of the form of either smoked

THURSDAY, JULY 4, 1940. -PAGE

COURVOISIER

THE BRANDY OF NAPOLEON Fournisseur breveté de IM. l'Empereurs

COURVOISIER

COGNACS ET FINES CHAMPAGNES

"DOD WELL

& CO., LTD.

The market closed with sellers at who has been a member of the the point, but will leave you to rubber is exported as dry rubber TREASURY DEFENCE), CAR SALESMAN.

381, buyers at 383 for Cash.

SHANGHAI MARKET

Opened with sellers at 3.27/32 and then rose to 3.29/32. The London, July 2 (Reuter).

Middle market closed with sellers at 3.7/8 US Dollars opened for Spot. Tin, Standard, 3 mouths, Middle with sellers at 6.1/16 and then steadied up to 6.5/32. Closed with Price 265-3/8.

sellers at 6.1/8 for Spot.

Price: 282-7/8.

HONGKONG

STOCK EXCHANGE,

Buyers

#:

*#*

Selkoro Balms

17

Nominal

SHARE

Governing Body of the Imperial College of Tropical Agriculture realise the amount of shipping in the since 1929, has visited most parts thus occupied in carrying Malaya's sheet or crepe. To produce this of the Colonial Empire, including rubber overseas. Malaya's rubber from latex a coagulant is needed. the West Indies in 1933-34, says exports are two or three times the value of its tin exports, and rub- British Wireless.

ber and tin between them account' for abet 70 per cent. of it ex-

TRANSATLANTIC port trade.

AIR SCHEDULES

Pan American Airways announce that their trans-Atlantic Clipper

Lisbon, have been increased to three schedules weekly.

The subject of rubber, in rela- tion to the war is thus one of very direct. Interest to all of us, whether WE are directly engaged in the

QUOTATIONS schedules, between Newcrease rubber industry or not. There are

SHAREBROKERS' ASSOCIATION"

WED...3. Bayer Sellera Sales Fomina

JULY.

Banks

31060 H.K. Banks

£57

Do. (Col. Reg.

£56

Do. (Lon. Reg.)

Chartered Banks...

£2

21

873,

!

20

33/13 Shells

Mercantile Bke.. "A".

Marcantile Bks. "C".

Bank of East Asia.....

N. C. & S. Runks...

Insurances

$918 Canton Insurances...

$315 Union Insurances.

30 cta Underwriters

$180 H.K.Fires.....

Shipping

$120 Douglases

$11 Steamboasts ...

$100 halo-Chinas (Prat.)..

Indo-Chinas (Del.).....

$6.00 Waterboats

$96

Docks, Wharves,

Godowns, etc.

H.K, K. Wharven...

#3) Providenta

napisa

818 H.K. Docks (Old)....!

$15 H.K. Docks (Now)...

821

13/0

Shanghai Docks...

Mining

"Kailan

$9.55 Baubs

6 eta Hong Kong Mmer......

Lands, Hotels and

Buildings

II.K. & S. Hotels.......

$100 Du.4% Debentures....

VAD

£37

£65

211f

$73

50 ct.

#218

8300

180 cta $160

$120

$101

18

rum

normal

two aspects of the subject-the Importance of rubber in the war, and the effect of the war on the rubber mdüstry.

some Allled control

Formic acid "was the coa- gulant generally used before the war, but as a fair share of it 033320 from Germany, “A shortage developed late in 1939. However, large alterna- tive supplies of acetic acid. which is just as good, were soon secured from Canada, and the situation was soon adjusted.

1

REGULATION

ON CHARGE OF CHEATING

LONDON, July 3 (Reuter) The Treasury announce that a Defence Regulation has been made authorising building societies to

The telephone büzzed and pick- require six months' notice Tor withdrawals of shares and de-ing up the receiver Mr. P. Givèn...” Wilson, of the General Accident posits.

Fire and Lite assurance Co., TAI, beard a voice on "the other end who called himself "Captain McQuillan.TM

this

At present there 1s a consider- able diversity of rules on point among the societies and the regulation is to secure uniformit in the societies' powers

casca,

"

After the conversation • had finished, Mr. Wilson rang up Chang and asked for "Captain" McQuillan,, but was informed that

One effect of the "shortage was This "Every-Other-Day" service

considerable development in has been found necessary to meet

Singapore of a somewhat ques servative, and supplies may be in-there was no such person, but that the great demand for passengers

Adequate supplies of rubber are tlonable trade in socalled locally terfered with by the war.

a Lieutenant McQuillan was there. and air mail. With the entry of essential for war purposes. How made coagulants, sold under fancy LOCALLY-MADE CASES

This. It was disclosed in the $1000 Italy into war and the consequent then, do our enemies stand in this names at fancy prices, and con

further curtailment

Dry rubber is exported in ply-Third Police Court in Singapore respect? Now that Holland has sisting of diluted imported sul-wood cases or just baled. Scandin- before Mr. J. G. Happoport, at the trans-Atlantic surface shipping joined our ranks, the whole of the phuric acid the Clippers already have been world's sources of plantation.rub-

avian plywood was largely used hearing of a case in which Cyril called upon to carry practically all ber are in our hands (apart from

Latex can be coagulated without for cases, and is, of course, rio Wkins Frericks stood his trial mails Europe-bound and all the Firestone and Ford's plantations the addition of acid, by its own longer available, but good locally-on a charge of cheating Mr. Wi- (as when made cases are available. There is son of $55, led to Mr. Wilson's passengers who have to travel.

In Liberia and Brazil). I doubt if natural fermentation Since January 1 Eastbound Clip there is any other essential war milk turns sour), and if need be renewed interest in the baling of suspicions being aroused against pers, operating between New York material which is so wholly under perfectly good crepe rubber could rubber for export, instead of in Frericks who had obtained $58

be produced in that way. and Lisbon, have carried

as already preferred by from him as advance commission

for the sale of his car, 80,000 pounds of mail, averaging Germany, and Italy too no doubt The increasing popularity of many United States importers.

Thus although the war has rais

Frericks was defended by ME "A. close to 3,000 pounds per trip built up reserves before the war, sponge rubber upholstery, which is Westbound mail loads, Europe to but the terrific wastage of tyres made from latex, is chiefly re-ed a number of problems, none v. L. Davies, and Court, Inspector the United States, have been al-which is entailed in the use of sponsible for big developments in has been serious; it is fortunate D. R. Cowie prosecuted. $100 most as heavy, averaging 2,250 motorised units on the present the export of uncoagulated latex that the industry which provides

Mr. Patrick Given-Wilson, in his scale must make heavy inroads Some of the best known cen- about half Malaya's total exports evidence, said that towards the end into these reserves.

trifuges came from Scandinavia is thus so little hampered by the of February, Frericks visited him What substitutes are available? and Germany, so that the war has war, not only as a source of any about the sale of his car which he Germany has devoted an enormous hampered this side of the bus-essential war material for the Al had wished to dispose of at that

vital factor in time.. amount of effort to the develop- tness, though centrifuges can also les, and as ment af synthetic rubber. The be got from the United States and Malaya's prosperity, but

Frericks told him that he had a pr.duct is known as Buns, and it other methods of concentrating potent means of building up sterl- is a satisfactory substitute for are also avaliable. A preservative ing credits In America, to which buyer by the name of "Captain" natural rubber-at a price. How has to be added to latex for ex-country nearly two-thirds of our McQuillan, of the Royal Dental

total rubber shipments are export- Corps, Changi. ever, considerations of cost of pro- port to keep it fluid and sweet.

The hearing was adjourned, duction do not operate in the Ammonia is the commonest pre-ed-tMalaya Tribune).

$100

33/1

$6.00

Blu-

$31

"8141

$14

$23

***

16/3

$3

$29

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

110 $100

1990 Shanghai Lands.....

$3

H.K. Baalties.......

83.80

88

$7.60

014

$29

$50

$22

$5.80

13.

$37

#17

$18

811

$19

க்குர்

$13.90

$5.78

Humphreys ........

$104) Chinese Estates..

Cotton Mills- Ewo (8.) #210 'bai Coltens (8.).... Zoong Sings (8.)........

Wing On Textiles (8.)) $105

Public Utilities

HK. Tramways...... #7.40 Peak Trams (old)...

$3.70, Peak Trama (new)...

Star Ferrins.

Y'mati Ferries.. China Lights (0) China Lights (New)...

H. K. Electrica (Old).

835 H. K. Electrios (New)...

#8

Macao Electries (Old)

Macao Electrics (New)

Bandakan Lights....... Telephones (old)........ Telephones (new).............) S'pore Tractions (Drd) Industrials.

$14.00 Cald., Macg: (Ord.),8.

Cald., Macg. (Pref.).

Cements.....

H.K. Ropes keskend

Miscellaneous

$173 Dairy Farms...................

$6.60 Entertainments

$14

Constructions (old)....

1 Constructions (new)

#7:45 | Lane Crawfords...

Nanyang Tobacco...

12.60 Einceres $7.44 Watsons....

13 Ch Cost, 4% Lon

Ch. G.5%, 1926G1Bds

$9.75

$3.10

$12

$1

·C13

$41

Canton Ices...ote.

$103

HK

Gort. 91% Loan

$39

HK. Wing On

S'ha Wing On

Vibro Pie (Lon)

Marsmans 24/0 Maramans Inv. (HK)

$15 Wm Powellkommend

+8als to Bhangháf

$14

#A

IMITE

330 *#210

$14

$67

$0.80

pounds per trip..

MAN ALLEGES MISTRES WAS “CHARMED"

Savouring of mediaeval witen- craft was the allegation made in Kuala Kongsar recently in court by an Indian labourer named Sam- Inathan, who accused. ม Malay woman of administering a certain drug to his mistress which caused her to lose her affection for him and elope with another Indian labourer.

Saminathan was charged with causing hurt to his mistress, Kamachi, with a knife.

Kamachl's story was that she had lived with him as his mistress for the past eight years and borne him three children. A cou- ple of months ago she left him owing to ill-eling.

CUT EAR LOBE

On May 8 he came to her house and demanded some earrings which he had given her, While she was giving them to him he caught 136 hold of her hands, drew a knife from his waist and cut off her ear. Jube.

$71 23/0

She cried out for help and some Malays came to her assistance. Sainathan Ded when they ar rived.

His story was that he had lived happily with Kamachi for fifteen years until the estrangement. This was cause ed, he declared,, by, a Malay woman who had administered a drug to her which caused her to lose her affection for

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I went to call her back to my

tween 3.00 pm and 5.00 today,

house but she refused to come and Thursday...

threw the pair of ear rings on to 108, the road," he said. "This made me angry and I seized her by the

hair I did not use the knife," "

381

ROOM TO LET

The man was convicted and Fully Furnished Room in Eu

fined $16, in default 10 days' ropean-style Blac

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rigorous, imprisonment and order

ed to pay $10 is compensation to fast.

his ex-mistress

B

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