HONGKONG DAILY PRESS
HONGKONG SHARE QUOTATIONS
SHAM BROKERS' ASSOCIATION
STOCK EXCHANGE,
Buyer
Balleri Bas
Nomlani
WED.. 31. JULY.
Sallare Bager
Semtua
Banks
1220
Do. (Col. Reg.)
X.D. £70
Les
$1290 C.D.
mu mu
ID.
5613116
€13
: ཡཾ 1:::
H.K. Banka
Do. (Lon Reg.) ....
Chartered Banks .................
Mercantile Hks. "A".
£1Morcantile Bk. "C".
Bank
Fast Asia.
N. C. & S. Banks...... Insurances
Canton Insuraneos.
Union InsuraINĖS...............
"E6 13/16
1853
$73 50 ct
$216
#915
$350
$350
140 ots,
Underwriters
$100
H.K. FireR.
130 eta $160
Shipping
$120 Douglases
147
$120
$11
Steambonto
810
$100
Indo-Chinas Prof....
8100
Indo-Chinas (Del,).
$100
31/3
Shells
#6.00 | Waterboats
31/9 86.90
Docks, Wharves.
Godowns, etc...
$00
$16
$21
$6.60
$37.20
::
警
038
i :
H.K. & K. Wharves...) 380 Providents
818 40 H.K. Docks, (Old)... $18 K. Docks (Now)..... 37+Shanghai Decka...
18/0
Kailans
30.5 Baubs
bct,, Hong Kong Mines
Mining
$33
$1000. 4 Debentures....
11.10 Shanghai Lands
$31 1.K. Roalties..
47.
Humphreys
#1011) Chinese Estates
Cotton Mills
8200 S'hai Cottons (5.)...
$32
Ewo (5)
016
$16
$281
16/0
FINANCE
Finance and Commerce
CANADA'S GENERAL MEETING OF INDUSTRIES RAUB AUSTRALIAN GOLD MOBILISED MINING COMPANY, LTD.
OTTAWA. July 31 (Reuter) An Impressive survey of the pro- gress of mobilisation of Canada's ' industries for war purposes was given in the House of Commons by the Minister for Munitions and Supply, Mr. C.D. Howe.
"Perhaps no country in the automotive world is producing.
the equipment in
volume now At present obtaining in Canada, about 600 mechanised units are being produced and "In another month or two this figure will substantially Increased." he said.
Canadian He added that
out 25 cruft factories turned completed planes last week by early next year the rate would reach 360 monthly.
be
The
The forty-sixth general meeting of shareholders of Haut Australian Gold Mining Company Limited was held at the offices of the Institution of Engineers, third floor. "Empire Chambers," 5, Wharf Street, Brisbane, on July. 19.
In moving the adoption of the Directors' Report, together with the Audited Balance Sheet and Accounts for the year end- ed March, 31. 1940, the Chairman (Mr. De Burgh B. B. Perse) stressed that the Profit and Low Account presented on that oc- caston covered a period of slightly more than thirteen calendar months, owing to the decision of the Directors to incorporate the Singapore and Ming Accounts that year ahd in future up to a date late in March, to coincide as far as possible "with the closing of the Brisbane books on March, 31. Comparisons must therefore take this factor into account.
He said that the result of It was felt that the new system
THURSDAY, AUGUST 1, 1940 -PAGE
PABST
BLUE RIBBON BEER
air-operations for the period had been of Staff Bonuses introduced by around the World, it's Pabst Blue Ribbon
*
He
Lands. Hotels and Buildings
1.K. & S. Hote.......
$3.35
1.K. Tends...
$321
$33
$100
$3.75
$6.70
REFINED SUGAR
ད་
IN MANILA
€356
3200
Zoong Sings (S.)...
STEADY
Wing On Tortilen (5.1 $125
Public Utilities
1.K. Tramway5..........
$16
58
$4
$57
821
$6.80 88.50 $3.15
8371
836
157) Star Ferries.
$6 B0
$3.65
$36
$17
816
| B 823/92
$7.40 Peak Trams (old)...... $3.70k Trams (new)....
Y'mati Ferries. China Lights (0)............. China Lights (Naw)... H. R Electria ('Old)...
H. K. Khets New)...
Macao Electrics (Old)! Macno Electrics (New) |Sandakan Lights......... Telophones old)........ Telephones (new)...... S'pore Tenetiens (Ord.); Industrials.
$14.90 Cald., Macg. (Ord.) S.
Cald., Macg. (Prof.)S.
$12
81
Canton lees.
816
Cemer is
843
H.K. Ropes
(1934)
HE. Govt Loans
8102 4 Loan
800
131%
895. 33%
· (1940)..
Miscellaneous
$18 Dairy Farms..
$6.60 Entertainments
81.60 Constructions fold)....
Constractions (new).....
#7.46 Lane Crawfords...........
81
ינו
#
823
#8!
$151
(10237.
::.
:i
"
In
Pabst
BEER
from From the Riviera to Singapore Buenos Aires to Bombay.. In the smartest clubs, restaurants and bars as well as in the fine homes... you'll find this world-favourite of.. beers!
Because Pabst Blue Ribbon is in a class" by itself. The lighter, zestier beer for teener refreshment. Nothing heavy or syrupy to slow up its delightfully invigorating action.
And wherever you arter Pabst find it always the same Wholesome.
You'l
Pure. Delicious. For in every tangy, Dirst- quenching drop, we give you Guarded Good- ness from Grain to Glass
your absolute guarantee of the highest quality that Nature, 95-Year Skill and Modern Scientific Control: can produce.
a net profit of £76,902, as com- the General Manager with the and pared with £68,581 earned in the approval of the Board had suc- previous year. Before arriving at ceeded admirably in stimulating this profit there had been charg- interest amongst members of the Mr. Howe then referred to the ed against revenue £30,859, spent staff
various
Referring production of
types of on development and prospecting,
to the Company's ammuni- rifles; guns, shells and
and £14,500 provided for deprecia- leases he said that he anticipated tion aid the manufacture of tion of Plant and other axed that renewal of these would be Jeffected during the current year, chemicals for explosives,
assets.
had considerable progress The Company's holding in, as Government Loans had increased already been made with Govern- by £2,718 during the year, duement on the matter.
PESSIMISM DEPRECATED entirely to the Investment of un-
deprecated concluding be claimed dividend moneys.
went on to say that the pessimism, and, whilst admitting programme of development and that difficulties might arise owing prospecting work had been con- to compulsory military training Steady conditions have prevall-tinued throughout the period, but regulations and late deliveries of ed in the market for refined sugar had been curtalled" for a time materials, stated that the Direc- in the city lately, no material after the outbreak of the War tors, the General Manager and change in the supply-and-demand by lack of explosives and at the Staff would make every effort to situation having been noted m re- close of the year by a prolonged enable operations to proceed un- cent weeks, according to a weekly drought causing power shortage, interruptedly.
Messrs. De Burgh B.B. Persse. price survey by the bureau of Notwithstanding the lower pro-
development commerce, says the Manila Bulletin portionate
footage, R.C. Philp, M.D, Davies and CS.
There have appeared in local HONGKONG” of July 27,
the ore reserves at the close of Delpratt were "re-appointed Direc-
papers statements to the effect Sellers last week were reported the year were satisfactory, being tors for the ensuing year, and Mr. that there is a shortage of sugar continuing to offer at P7.25 per little lower than at the end of FG. Pamfrey, F.C.A. (Aust.) was freight space for shipment, to the bag of 100 its. delivered within February. 1939, and in fact, the re-elected Auditor.
United States and also that there The meeting "concluded with
is a shortage of sugar, with which city limits, for fine granulated, Probable" Ore, as distinguished standard granulated and Victorias from "Prospective" Ore, was ac votes of thanks to the Directors
quota. Neither of these statements in lots of 11 nags or more. Fine tually higher by some 4.000 tons, and to the Management and Stam, to fill the United States-Philippine China Lights (0) granulated in 10 16, packets was whilst total reserves were suff-
is correct, being offered at P7.55 Extra tine clent to enable a throughput of
ין
50 ots: granulated was selling at P7.20 per 6.500 tons a period for sixteen SUGAR FACING
805
$18
un-
GRADE OF ORE
attention
1
וי
4 MILLIONTM LOSS
DODWELL & CO., LTD.
Queen's Building.
Tel. 20636
SHAREBROKERS:
ASSOCIATION
Volume of Business Transacted on Wednesday, July 31, 1940
500
300
500 China Providents
"There is ample freight tonnage
1,300 avaliable to carry all the unship The total value is $7,400.00. Iped balance of the export quota.
There is also sufficient sugar to fill that quota,
-4
$8.75
6.75 4,00
bag of 100 lbs. The price structure periods. of refined sugar remained changed in the face of receding He pointed out that the grade values in the market for raws.
of ore Had unfortunately shown a
"The difficulty in filing the most of which will remain in the Islands it conditions continue as Reporting on the statistical post-marked decrease, and that the tion of refined sugar in the United average had been lower than for The Philippine sugar industry is quota arises from the fact that a States, toe bureau of
commerce many years past. With this in faced with a possible loss of in-great many planters and a few at present. This will mean a loss Se.2 announced that refiners' stocks at mind the General Manager had come amounting to P4,000,000 un-milis which have export rights de of income to the rallippines in taken immediately not have sugar to fill those rights; general, and the sugar industry in $1.83 the end of last month amounted paid close
to costs, less steps are
loss of revenue to the shipping. to 600.117 short tons of raws and which had been reduced in rela-to ship approximately 30,000 tons while other planters and mills particular, of over 24,000,000 and a 433,178 tons of refined, as com- or to tonnage handled, as re-cf sugar remaining in the Islands having already filled their own unes of about P1,500,000.
The only solution to the pro- to fill the U.B. export quota before rights, have surplus sugar. 89.10 pared with 449,172 tons of raws vealed in his report.
"At the present price of sugar in and 419,557 tons of refined at thei The Retreatment Plant had the December 31, 1940, deadline,
York and the prevailing blem is a reduction of the freight end of the same month in 1939.
again contributed largely to the according to Gil Montlila, Philip New total pronts of the Mine, and, as pine sugar riministrator, says the freight rate, the fo.b, return on rate and a decline in the price of
sugar shipped to the United States reservé sugar.
as the "Aside from the loss of income CIGAR SHIPMENTS-revealed in the General Manager's Manila Bulletin
He suggested that a reduction in a practically the same report, had on this occasion pro- GAIN FURTHER vided a greater surplus than had freight rates and a lowering of price that is being asked for re-to the Islands, the carrying over the Battery. Experiments had the present price of reserve sugar serve sugar. Naturally, the holder of this 50,000 tons or more would A steady increase in shipments
nor will he bay reserve sugar to on the sugar, market next year, of cigars has featured the export enabled its operation to be some- offer the only solution to the proof rights will not give them away, have a decidedly depressing effect trade in tobacco prouers in re- what improved, whilst a much blem.
he statea, his rights with no hope of especially on the price of reserve sugar, as all indications point to cent weeks. Expertation of cigar- higher
obtained. Experiments were still face à possible loss of revenue of profit. ettes which constitute · small
"There remain over 50,000 tons an excellent crop for the 1940-43 Mr Montilla portion of the trade in tobacco proceeding, but were mainly di- about P1,500,000.
of sugar unshipped and unbooked, season" issued the following statement: manufactures, and leaf tobacco rected towards economies.
Nanyang Tobacco........
$3.30
$2.60 Sinceres
$8.65
Wilsons
28.55
35.
Ch. G.5% 19250 $Bdt.
35°
$30
I.K. Wing On
130
S'hai Wing On
$14
18
Vibro Piliog........
8/1
Marsinans Inv. Lon.
146
4/5. Marumans for. (H.K);
Wm. Powells.....
+Sale to Shanghai
P. I. Trade With Thailand
Has Possibilities
ה!
Toalland Philippine products have a wide acceptance (Siam), and there are ample possibilities for a further expansion of Philippine trade with that country, it was rathered from a letter received by the bureau of commerce from the Tha! Com- mercial Development Bureau, a firm engaged primarily in, acting as agency between Thailand and foreign traders.
a
which is a major item in the trade has, however, shown an irregular trend. says the Manila Bulletin (July 2?).
Exports of cigars last week totalled 5,154,330 units, according to cumulative statistics compiled by the bureau of commerce. This compares with 4,620,150 units for the preceding week and with only 187.374 units two weeks ago.
In line with its intensified pro-pared with the imports for the gram of trade promotional work years 1938 and 1937 valued at through the newly created foreign P1,667,91 and P1,698,708, respec- trade division, the bureau of comtively.
Cigarette shipments showed a The decline in imports, accord- merce took at once the necessary
slight drop. Last week's exporta steps to interest local exporters ing to Director Balmaceda, was duetion consisted of only 50,000 units and importers in the opportunity to the decrease in the imports of, as compared with 70,000 rats for offered them by the Thailand firm non-glutinous rice.
Thailand offers a market for the previous week and with 40,000
units two weeks agɩ Philippine products that a worth
There was no shipment of leat Local firms exporting to or in cultivating, according to the for-tobacco from Manila last week, porting from Thailand were con- eign trade division of the bureau.
while in the preceding period tacted and duly informed
exports amounted to 12,892 kilos.
of improving their trade, conner. tion in that country.
this trade opportunity.
about
Some Philippine products re- quired for Thallang markets ure
a' material improvement from the
In his reply to the company, butter and butter substitute, mar-level of exportation during the Director Cornelio Balmaceda argarine, pearl buttons, cotr, cordage first week of July which consisted sured them of the help and co and twine, derris roots, dyes and operation of the bureau in obtain dye-stuffs, fertilizers, second-hand of only 3,220 kiloá.
throughput had been The shipping lines,
SHOE CO.LTD.
HONGKONG. SUPPLIES ALL
·KINDS OF · FOOTWEAR
H.K. STOCK EXCHANGE
Wednesday, July 31. Deals in Hongkong Banks at
•
相
Hongkong Baily Press
CLASSIFIED
ADVERTISEMENTS
照滓富
ROYAL STUDIO.
Art Photographer
Excellent Enlarging & Developing
39, Queen's Rd. C.
Tels. 21184 & 33008
FOR SALE
A selection of the best varieties of
lard, shellcraft novelties, FORCED LABOUR IN $1,230 and Hongkong Government RELIABLE & TESTED
Ing for the company the right motion pleture films, hats, vege commexions nere. Le also sent a table
GERMANY LONDON, July 31 (Reuter) - URGED TO CONTACT
Germany hopes to ensure adequate Philippine exporters sua impar-coal supplies by the use of forced ters are urged to contact the Thai labour. Commercial Development Bureau,
copy of the bureau's directory of sugar, cigar and efgarettes and exporters and importers contain fancy articles. ing a classified list of products imported in the Philippines and a Ust of local exporters handling, goods that are in demand in Thal tand markets,
PRINCIPAL EXPORTS
14 per cent. Loan at 101 were re- corded, otherwise the morning was fairly quiet.
11
BUYERS
The Official German News Taumati Ferries, $21 SELLERS top floor, That Medical Hall Agency yesterday announced that corner Burtwongst Road and New employment centres have been or- moment's
Providents, $3.90. According to official statistics, Road, Bangkok, an organisation dered to supply, at a
SAIRS the principal exports from the which acts as representatives for notice, necessary labour under the" Philippines to Blam are cordage, both Thailand exporters and im compulsory system. If required prisoners of war will be user ̈*.
Hongkong Banks, $1,230, vegetable butter or margarine, porters.
Compulsion will also apply to
Providents, 44. vegetable lard, coconut oll, and cigars. The principal imports which will be exhibited to Thai the transport of coal. from Thailand are rice, empty tradesmen, and in that way eli fiber bags and table salt. Phillip minate the sending of innumerable pine exports to Thailand in 1938 samples to individual inquirers, bureau will also pay the That duty amounted to P268,096, while 'Philip Bamples which may be of value provided the freight paid invoice pine imports for the same year will be paid for by the Thai Com- is sent to them together with the
commercial Development Bureau. The samples (Manila Bulletin) amounted to P18,933 only,
Bampies may be sent to them,
China Lights (Old), $8,75, Telephones (Old), $22,50. Binceres, $2.15.
HK Govt 4 per cent Loan.
$101.
FLOWER AND VEGETABLE
SEEDS
From: Messrs. Suttons & Sons, Reading. Mesara. Atice Burpee & Co., Philadelphia Messrs. Arthur. Yates & Co., Ltd. Sydney
The opportunity of serving you" will be a pleasure and your commands will have our best. attention.
GRACA & CO,
No. 10 Wyndham Street
O. Box 620 Hong Kong.
HOTELS
RUSSIAN CUISINE
MORE POPULAR EVERY DAY,
METROPOLE HOTEL
AUCTIONEERS
GILATEST COLLLUTON DE BARGAINS IN TOWN)
1
LAMMERTS AUCTION PIOM Laminert, Brollari
Tripleos - No. 19221.
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Jimmy's
TEA DANCES Tuesdays
Phursdays
Saturdays
Bundays
ENGRAVERS
FEL FEL & CO. Photo Engravers 18. Cochrane etrest, Telephone No. 22224;
INSURANCES
The National Mutual Life Association. of Australasis offers you the bant conditions for a fund for old age, and your family in case of your death: Annuities and educational policien 'stu. also ned. Insure pow. Office Des You Bd. Central (5th Bobr Room No. 56), Bank of Canton Build- ing, Hongkong
Tel. No. 1478, 11, 2: WELLS.
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