HONGKONG DAILY PRESS
Finance and Commerce
BUY ALL WE CAN
AIRCRAFT IMPORTS
FROM AMERICA
LONDON, July 12 (Renter)-The British policy regard- ing alreraft imports from America, was to buy everything we could get, Lord Beaverbrook, Minister for Aircraft Production, told the House of Lords, ··
MONEY AND EXCHANGE
CLOSING QUOTATIONS
JULY 14, 1940.
On London:-
Telegraphic Transfer. 1/2 7/4 Hank Bills, en demand 1/2 7/8 Credits 4 man the sight 1.33/8
On Shanghai:--
On demand
He said. "In aircraft, the sky is U.S. WILL HAVE on Singapore:
the limit. In pursuit of that pro- gramme, we have spend $10,000.- 000 for every day that the Air- craft Ministry has been in exis- tence, including the French pur
chases.
"Altogether, with the French purchases, we spent over $600,- 000,000 out of the total pro gramme of $1,000,000,000. The money was wisely spent."
Be added that there has never
25,000 PLANES
BY JULY, 1942
On demand On Japan
On demand
On India:--
Telegraphic
382 1/2
370
32 3/4
90
Transfer.
On
Bahk Bills, on demand"92 3/8 Credits, 60 days' sight 23 ta Batavia:-
On demand
41 3,4
On Paris:-
WASHINGTON, July 12" (Reu- ter) The National Advisory De-On fence Commission announces that orders for new aircraft totalling $100,000,000 had been placed in the last few days.
Other contracts were being ne- been hours of delay on account of gotiated and will raise the total the Treasury. The Americans were aircraft purchasing programme to up to date with the programme 25,000 planes with the final de- and have so far delivered every-ivery date in July, 1943. thing they promised, and were a
and demand New York:- »
זי
Bank Bills, on demand 1085 Credits 4 months' sight 1180
On Bilgon:-
...... 108
1)
FINANCE
British Agriculture Will
H.K. STOCK
EXCHANGE
Play Large Part
No more local shocks have been LONDON, July 13 (Reuter)—in administered during this past week the House of Commons, yesterday, And the Colony is kettling the Minister "of Agriculture and down .to the remainder of Fisheries. Mr. R. 9. Hudson, stated its population registering itself, that imless something unforeseen The season of Interim dividends should occur between now and has arrived heralded by the HK the harvest, we estimate that it Bank declaring the usual of £210,0 shall realise as great a propor- and in spite of the idle fears of aj tionate increase in our general few jeremaids. There is nothing farin production
the In
first unusual in the Bank's announce twelve months of the way as we ment of the dividend "payable less during the last 18 months of the Income Tax this applies to the last war. payment of British Income Tax, and Indeed this has always been the case. It does not apply to shareholders demiciled outside Great Britain. Chinese Estates an- nounced a Second Interim dividend
We must, the Minister added, raise enough food to. - keep the population healthy even if our imports are ́131- perilled.
Tens of millions of people on
of 53 making so far for this year the continent of Europe were go- $6 as against $ur a simila;ing to face in the next twelve period last year. The first. In- months, the danger of starvation. terim paid by this Company would Many millions may perish."
seem to have escaped advertise- British agriculture will play a ment, it has been paid nevertheless large part in saving its people, and The turnover for the week has been thus the island, from asinDar on a modest not encouraging scales, fate Quotations, wander about some-
SPEECH BY LL.G.
what, though there are no signā Mr. Lloyd Georges said that we * 44 3/1
of their becoming" out of control, may need all the food that every With the likelihood of further In-acre could produce. ................ 1 1 1/2 terim declarations in the near
On demand
On Manila:
the
On demand
On demand On Sterling Notes:-
Bank. Buying Rate Bar Silver per cz.
1/5
Twenty-five per cent. ... of Little ahead of time. We had of aircraft, but we must continue de pianes will be for the navy and on Bangkok:- veloping the programme as fully the rest for the army, as possible."
NEW TYPE
I
ari-
future more interest may enter into the market generally. - Too | 21 13/16 much, however, should not be ex- pected of the Retail Stores, they
MARKET REPORT must inevitably be affected by the
FROM ROZA, BROS.
absence of many patrons. Closing tone slightly firmer with enquiries
BURBANK, Cal., July 13 (Reu-
Reuter reports that at question ter)—A contract to bombing time in the House of Commons on planes of a new type, both larger Thursday, Mr. Arthur Greenwood, and faster than Hudsons, has Minister without Portfolio, been awarded to the Lockheed-nounced that Mr. Monet. who Silver prices dropped 1/8 yes-in evidence. Vega Company by British Pur-headed the Anglo-French Supply terday for both deliveries. the 21.13/16 tor chasing Commission.
Organisation. resigned on July 1. quotations being The value of the contract 18 The Anglo-French Co-ordinating Ready and 21.5/3 for Forward. being dis-Silver advices reported a quiet $30,000,000 according to the Dow Committee was now
market. Speculators sold to a Jones Agency,
small extent, American Bilver was quoted at 34.3/4 for Spot
[solved.
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE.
Boyses Beilers
$1110
i. i
Sales Nowink
!!
31
#
285
£64
Bat
228
211
$73
SHAR BROKERS' ASSOCIATION
FRIDAY 12. JULY.
Banks
The London/New York cross- rate was quoted at 402.1/2. New
quoted York/London
at 356.1/2.
Bayer Salter Baleaomizat
Doll
THE
wad
*MARKET
D
STERLING There were sellers at 1/2.31/32 £66 July, probably August, buyers at
1/3 for Cash.
1100
£84
200
£281
U.S. DOLLARS
The market opened with sellers £112 at 22.3/4 leading to a small busi- ness later at 22.15/16 for Cash. The market closed at 1 pm, with probable sellers at 22.7/8 for neat. buyers at 23 for Cash.
$73
160 at
$218
8310
150 cts
$160
$120
કામ
$3.35
H.K, Banks ........................
Do. (Cel. Reg.).... Do. (Lan. Reg.) Chartered Banks ..... Mercantila Eks. "A". Marcantile Bks. "C".
Bank of East Asia.....
N.-C. & S. Banks....... Instrances
#219 Canton Insurances...... $320 Union Insurances.
60 cts Underwriters......
$180 H.K. Fires.
Shipping
$120Douglason
311 Steamboatstarpta
$100 Indo-Chines (Pref.)... Indo-Chinus (Det.).....
Shells
$6.90 Waterboats
Godowns, etc.
H.K. & K. Wherved... Provideats
8151 H.K. Docks (Old)..... $154
H.K. Docks (Now).....
897+Shanghai Docks.......
15/0
... Mining
Kailans
#9.568 Raubs
5 eta. Hong Kong.Mines......
Lands, Hatels, and Buildings
+
$3.10
$294
$14
$141
$36
$8
-180
33/9
$95
Docks, Wharves,
SHANGHAI DOLLARS Some business was done during the early part of the morning at 385. The market closed with sellers at 382, buyers at 383.
SHANGHAI MARKET
$100 $100
The market opened with sellers 33/6
$6.00 of Sterling at 3.65/84 and closed!
a shade steadier with sellers at 3.57/64 for Spot U.S. Dollars open- ed with sellers for Spot at 5.7/8 and at the close selfers were quoted at 5.31/32 for Spot.
805
**
$3.35
$143 $14.35
824)
15/8
afternoon.
$8
:::
||
H.K. & S. Hotels.....
$3.15
$291
$100
IPI 83.70
H.K. Lands
$100 Do. 4 Debentures....
10.10 Shanghai Lands....
H.K. Realties..
Humphreys
$104) Chinese Estates.
Cotton Mills
835Ewo (8.)
8210 S'hai Cotton (8.)...)
Zoong. Singe (S.)...)
Wing On Textiles (8) $125
Public Utilitles'
H.K. Tramways..14.10 $7.40 Poak. Trams (old)..... $3.70 Peak Trains (now)....
Star Ferrion......... Y'mati Ferries. China Lights (0)..... China Lights (New)... 83.05
#142
**
$57
.820
$8.00
H. K. Electrics (014)
#25
H. K. Electrics (New)
334
AFTERNOON MARKET -
BUSINESS DONE DURING THE WEEK,
HK. Bänks, $1100, $1110. Union Ins... $320, $325, $320. Providents, $3,20, $3.50. Hotels, 53.10. "$3.25, $3.20. Lands, $29.50,” $29.75. Tramways, $14.30, $14.40, #14 25. China Lights (0), $5.80, £8. China Lights (N), $3, $3.05) Electrics, $36, $35.25.
Telephones (0), '$19.10 XD. Dairy Farms, $17.20, $17. Watsons, $7.60.
Govt. 4% Loan. 102.
BUYERS
China Lights (0), $8.03. Electrics (0), $35, 2 Telephones (0), 51910.-
SILLERS......
Electrics (0), $38,
PETS BALES
: יד
Unton Ina.. $321/20. Hotels, 33.20. Lands, $29.50.
Trams, $14.30/25.
China Lights (0), $8.18. Electrics (O), $35.25.
HK Govt. 31% Loản. 95 X. Int. Dairy Farms, $10.75.
H.K. MINES
* OUTPUT
"I do not think the real campaign against our shipping has begun." The nearest' ap- proach to it was yesterday, and it is very gratifying that the enemy did not pull it off.
The attack is
going to be for- midable, not merely on our ships at sea, but upon our porta and communications.
"We ought to be in a position that whatever happens, they can- not starve us, I have always taken the view that a long war is better for us than a short war. A short one is in the charge of the enemy: a long one is in the charge of len- aclous races that live in theat Islands (cheers) who get tougher. the "greater the difficulties with. which they are confronted."
U.S. AND BRITISH TREASURIES
SATURDAY, JULY 13, 1940. – PAGE 9
Satisfied Quite!
IT'S
“BLACK
& WHITE"
NO IF OR MAY BE
IT'S THE SCOTCH.
T
BANK OF ENGLAND
LONDON, July 11 (Reuter).
Public Depcelts Other Deposits 2000.
Bankers ..
WEEKLY RETURNS AND REPORTS
July 4
July 11
16,600
21,190
140,320
107,000
48,830
47,790
188,950
184,780
Government Securities
171,290
146,650
Other Securities:-
Discounts & Advances Securities
5,460
3,870
29,190
23.140
28,640
27.010
Notes and Coins
23,580
21,290.
1,770
1,610
808380.
610.330
11.47%
11.99%
168/-
Other Accounta Total
Total
Total Bullion
Notes in circulation
Ratio of Reserve to Liabilities Price of Gold at which haldings are valued ·168/-
FEDERAL RESERVE SYSTEM NEW YORK, July 11 (Reuter).
40
Bills Bought
U.S. Securities held
LONDON, July 12 (Reuter)-It is officially announced that on the invitation of Mr. Henry Mor- genthau, Secretary of the United States Treasury, Sir Frederick Jumt Phillips. KC.M.G., CB,
Federal Reserve Ratio
Federal Reserve Credit Outstanding. „Monetary Gold Stock
Industrial Advance.
NO RICE IN SHUNTAK
HOKSHAN, July 11 -- "Once
July 6 (1999)
July 4
July 117
3000's omitted)
1,000
2,551,000 2,450,000 2,450,000
85.00%
$3.96%
89.075
2,569,000 2,503,000
481,000
20,106,000
16.136,000 20,063,000
12,318,000 9,180,000 9,163,000
HONGKONG
SHAREBROKERS
ASSOCIATION
Volume of Business 'Transacted on Friday, July 12, 1940,
Third Becretary at the British flourishing district, Uhuntak coun- Treasury, will shortly arrive inty about 35 miles south of Canton Washington
suffered first from scute shortage China Lights (0),':... The meeting will provide an of rice and is now inundated with Dairy Farms occasion for discussion of tech summer floods, which swept nical and other questions between through the entire area, according HK. Electrics (0) the American and British Trea- to an International News des-HLR. Lands suries.
HK Hotels Mulberry trees were destroyed, Union Ins while the production of silk worma
patch.
Sir Frederick Phillips visited Mr. Morgenthau in Washington dar- ing the autumn of 1937.,
A... +
is wiped out. Fish ponds were | HK. Tramways overflowed, "and the fish were
We have been advised by the Lead. Concentrates were produced, washed away by the West River! Hongkong Mines, Ltd. that their averaging as follows Lead 61.95 foods. output during June amounted to per cent; Silver 11.93 ounces per Relief by the Kwangtung Pro-
500 36.10
202
16.75 250.-17.00
100 35.25
100 30.00
600.20
25 321.00
$ $20,00 300 14.25
2,046
The total value is $33,073,50.
The market was quiet in the 4274 short dry tons of ore treated, short ton; Gold 0.03 ounces per vincial Government is hampered Shuntax is under Japanese occa-
by the fact that a good portion of {pation. from which 464.30dry tons of short ston.
“STERLING
The market closed with sellers at 1/2.31/32 July, probably August and small buyers at 1/3 for Cash. U.S. DOLLARS
A transaction was reported at 23 for Cash, The market closed with sellers at 22.15/16 · July. $6.65 buyers at 23.1/16 Cash.
$314383.
$210
TGI.
SHANGHAI DOLLARS
Some business was reported at The market closed with sellers at 382. buyers at 383 for
Cash,
SHANGHAI MARKET
Sterling sellers for Spot at 8.57/64 and USS at 3.15/18 sellers
for Spot.
Shanghai Exchange
Shanghai, July 12 (Reutet).)
Official TT. Rates a
SHOE CO.LTD.
·HONGKONG SUPPLIES ALL KINDS OF FOOTWEAR
Hongkong Daily Press CLASSIFIED ADVERTISEMENTS
ROYAL STUDIO
Art Photographer
Excellent Enlarging & Developing
39, Queen's Rd. C.
Tels. 21184 & 33008-
$19.10
3361 3351
Macao Electrics (Old) Maceo Electrics (New)
$11 Sandakan Lights...
Telephonas (old)... #18 $7.00 Telephones' (new);}
B'pore Tractions (Ord
Industrials
$14.00 Cald., Maog. (Ord.) 8.
Cald, Macg. (Prof.)S.
$1 Canton Ices.|50 cts.
313.20 Cements
‚ #44 ··· | ̃H.K. 'Bopės „mali
Miscellaneous
!
London
New York
Japan
Paris
Hongkong
817
Dairy Farmi.....
Spot July Aug.
$17
$8,60 Entertainments
$4.20
$13
Constructions (old)....
Constructions (new)...
$1.85 Apot
E
July
Auk.
37.46 Lane Cranforde
Nanyang Tobacco....... $3.30
$1.60 Sinceres
Watson
.8% 1925033ds.
H.K. Gost, 4% Loans Govt. HX LORA
Wing Oxi Shai Wing On Vibro Piling Margmans lov, (Lon.) 4/0 KURSURI Tay. (H.K.)
Wm. Powells..
+Sale to Shanghal
$$.10
Sterling
Opening
0/3-3/4
5-11/16-
24-1/B
20-3/4N 1.24-7/8-
Bellers
Opening Closing
0/3-65/640/3-97/64 0/3-65/64 0/8-57/64 0/3-53/64 0/3-55/04 U.8. Dollars
$5-778 $5-31/32
·527182
5-31/32 5-25/$2 5-778
Market Quiet,
Calcutta
Exchange
Calcutta, July 11 (Reuter)
T.T. on Japan, 86.
India Rupee Paper
Bombay July 11 (Reuter)
Govt $1% Ruper
AUCTIONEERS.
GRENIEST COLLECTION OF
BARGRUINS IN TOWN-
,:',
LAMMERTS AUCTION Loutheri, Bir Meg.
Telepuose. N. ZULA
INSURANCES
The National Mutual Life Associatios of Australasin offers you the busk conditions for a fund for old age, and your family in case of your deather Annuities and educational policies are Also issued Insure now. Office, Des Voeux Bd. Central (5th door Room No. 66), Bank of Canton Build- ing, Hongkong
BUTTERICK
Expert Ladies' Tailor
New Style Ready Made Dresses FOR SALE,
16, Wyndham Street. Tel. 28615.
FOR SALE
selection of the best varieties of
RELIABLE & TESTED FLOWER AND VEGETABLE SEEDS From Messrs. Buttons & Sons, Reading, Meara Atlee Burpee & Co., Philadelphia
Tel. No. 27478, H. BOWELLA Messrs. Arthur Yates & Co., Ltd
A loan of $2,200,000 has been voted by the on
of
Sydney
The opportunity of serving you
will be a pleasure and your
manda will have our.
GRACA &
HOTELS
RUSSIAN CUISINE
MORE POPULAR EVERY DAY
METROPOLE HOTEL
1940 ZENITH
NEW MODELS Just Arriv
NO "AERIAL, NO GHOUND;
Just plug in and play CHUEN YEE HONG
54 Des Voeux “Bond C
Jimmy's
STKA DANCES
Tuesdays
Thursdays
Saturdays
Bundays
Telephone 24311-
FER
ENGE
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