1940-08-09 — Page 9

HONGKONG DAILY PRESS

MALAYA'S TRADE

LOOKING UP

The phenomenal increase in Malaya's trade (both export "and import), Is revealed in the detaileḍ trade statistics for the first five months" of this year, just published. The main features are:

A 65 per cent, increase in Mala-T ya's gross trade compared with

- the corresponding five months of

last year:

A 50 per cent. increase in im- ports;

A 17 per cent. increase in ex- ports

Larger imports from the United Kingdom despite the war; and

POSTAGE TARIFF INCREASE

3

FINANCE

Finance and Commerce

A

PRICE OF FAMILY BREAD FAMILY BREAD TO REMAIN UNCHANGED IN

SHANGHAI

the bakers persisted in their re- (quest for an increase in the price: of family bread. poititing out that the prevailing price of $15 per bag flour was still "more than at the time the price of bread was fixed

MANY ENQUIRIES of Chinese

MADE

1

Government Commission

BRITAIN TO BUY EGYPTIAN COTTON LONDON, August 8 (Renter)——— The establishment of a comania... There will be no increase in the

sion with powers to purchase In the negotiations with the.. KUNMING, Aus. 8 (Central price of the family bread for the Council a fortnight ago the baters Eypt's cotton crop was announced general increase in domestic po present following recent talks be agreed to Increased trade with British In- tage tariff is under consideration tween the Connell's price investi-July when, no official of the Country for Foreign Affairs, in the

wait until the end of Mr. R. A. Butler. Under-Secre dia, the increase being more pro-and the rate of Increase has not ration office and bakers in the cil pointed out, the price of flour

House of Commons yesterday nounced in importa then exports. as yet been decided; according to Settlement who agreed to post might drop to such an appreciable

The gross trade fexports and im- Mr. Kuo Hain-sung, Director Genpone their recent request to the extent that any increase in the lety had been growing for some "ports) of Malaya for the first Ave eral of Posts,

of the bread, says the North Chins justified. Council for an increase in the price price of the bread would not be time in Egypt regarding the dis- Daily News.

As anticipated, theposal of the 1940 cotton crup. the

able decline. price of flour showed a consider picking of which was about to

begin.

months of 1940 amounted to $832.- Mr. Kus said any proposal to 57 million as against $507.80 ml- increase the postage tariff would ilon in the corresponding period of have to be approved by the Ex- the previous year-a tribute to the ecutive Yuan and passed by the , British Navy that the shipping Legislative Yuan, and reports that routes of the world are still kept the question has been settled are Intact from enemy Incursions.

all premature.

Mr. Butler declared that П

Owing to the great reduction of the demand due to war conditions

and difficulties of export, danger was imminent that the bulk would be left unsold in the hands of the cultivators, which would be an

economis disaster of the first. magnitude.

On representations by the Egyptian to the British Govern- ment, the latter accordingly decid. cents a pound. He reiterated led to respond by setting up a com

FRIDAY, AUGUST 9, 1940. —PAGE 9

SAY

Gordon's

...and know what you're drinking/

GORDONS DRY GIN

DISTILLERY, LONDON.

NO COLOURING. MATTER

NO

INJURIOUS INGREDIENTS

to

H.K. STOCK EXCHANGE

The market continues to drift

The request was coincident with the rise in the price of Chinese tour.

COAL PRICES DOWN The Connell pointed out to the MANY INQUIRES Numerous enquiries have been bakers at the recent meeting that Imports in the same period

The closure of the French-Indo-received by the Council for more there has also been a decline in amounted to $362.35 million

China and the Burma routes, Mr. (information about the

of ceal, an important family the price compared with the 1939 figure

Kuo said, should not affect malls bread, following the publication factor in the baking of bread. of $242,28 million. The United

The official stated that it would to and from China, as according įrecently in the North China Daily Kingdom share amounted to

to international law mail facili News of an interview with a Coun-be inopportune at the moment to (in May) S11.57 million--an

ties should be extended to all eit official regarding the famly increase the price of the familly Increase of about $2.87 million

Postal Union places not within loaf, an official of the investigation bread, which is now selling at 38 on the May, 1939, figure. The

office stated yesterday. fact that trade is not only be actual war zone,

Mr. Kuo said all post offices and

At the interview he deplored the statement made by him formerly mission to purchase cotton. O MARKET REPORT ing maintained but even ing

postal agencies throughout China lack of interest shown by the that the bakers on the whole, had this commission the Egyptian Gov- creased, though a' large section

are under the united control of public in the family lost. He ex-been most considerate in promptly ernment was being asked to nomi- of British factories are en-

all requests of the nate a representative" gaged in arms production, is an

the Directorate General of Posts pressed surprise that after a cer- replying to

for information and" in most significant one.

at Kunming.

tain amount of publiaty, people Council The suspension of the money whom he met should tail him they agreeing not to increase the bread Exports totalled $470.21 million as against $263.51 milion last year order service. In North China, he had, heard nothing about the price immediately.

NO CHANGE -mainly due to increased ship- said, was because of the lack of family bread. ments of tin and rubber.

demand in North China for money

He went on" to say that Indian purchases from Malaya order facilities on the rear pro

change in the price of the bread was likely to take place for some in May amounted to $3.75 million vinces.

Kime, unless there were an in- crease in the price of commodities essential to the baking of tread.

The official went on to express the hope that the public would Bollure Salon Boulou eat more of the bread and gave share equally with the Egyptian his assurance that the Council Government any nett profits which would see to it that they got all might accrue, on the understand- the supplies they need. The qua-ing that such profits as may be

3.11/16 for near but subsequently bread was standard, returned to the Egyptian Govern- were sellers at 1/2.31/33 August/ weakened to 341/64. Later lity of the

increase of nearly

showing

an

$940,000 on May. 1939. But our

Imports from India in the same

HONGKONG

урушт

Bellers

Balen

Nominal

:::

fel!

M

The official disclosed that al the meeting a few days ago with |_ representative of the Counell,

SHARE QUOTATIONS

SHAREBROKERS' ASSOCIATION.

THURSDAY 8 AUG. Banks

C.D.

$1195) H.K. Banks

ID.

£85

Dd. (Col. Reg.)

20

Do. (Loa. Reg.)

£8

Chartered Banks

$28

Mercantile Bks. "A"

P1

Mercantile Bks. "C".

873

Bank of East Asia......

N. C. & S. Banka....

Insurances

$350

#215

Canton asurances.............. Union Insurances.....

10 cts, Underwriters

8180 H.K. Firea.

Shipping

Bojrr

C.D.

$1180

£85

£62

£81

Egal

£uf $73 50 ot

$214

8345

10 ota

$160

|T

FROM ROZA BROS, Silver prices rose yesterday This commission would be pre- the extent of 1/2 for Ready and pared before April, 30: 1941, to 1/4 for Forward, the quotations idly, purchase all lint and cotton dertv-being 23.1/2 and 22.15/18 respect- ed from the 1940 Egyptian roptively, Silver advices reported noar as much as was offered to them bears as having covered to

and all mercantile sotton seed as small extent. The market- distinct from sowing seed. steady but quiet, American Silver

was quoted at 34.3/4 for Spöt. The British Government would. The London/New York bear the whole or any nett loss rate was quoted at 402.1/2. which might arise from the trans- York/London was quoted at. 393. action as a whole, but they would | 3/4.

PROFITS SHARED

MARKET

Quiet.

STERLING

BUYERS

Д

W3S

2.

Hotels, $3.20. Electrics (0), $36.75.

SELLER'S

Lands. $31.50. "

UTOSS-

New

Hotels. $3.20, -

Electrics (0), $37,

Electrics (N), $35,75.

No business was reported. There

Trams, $15.50,

the

he said, pointing out that the ment under this arrangement Counell had not received a single would be used by that Government November, buyers at 1/3 for any market reacted closing with sell- complaint about it

SOUTH JOHORE PLANTERS

A well-attended meeting was held in the Johore Civil Service $120 Club to inaugurate the South Johore District Planters' Associa·

120 Douglases .....

$11 Steamboats

$10

$100 Indo-China (Prof.)...

$100

tion,

680 Indo-Chinna (Def.).....

32/6

Shells

$100 39/6

36.90 Waterboats

Docks, Wharves, Godowns, etc.

$90

$3.60

316

::

$3.10

132

"

Mr. W. Miller MacKay, who con $8.00 vened the meeting, said that the

|| $34

$3.70

$16

$151.

597

10/0

H.K. & K. Wharves...) $80 Providests

H.K. Docks (Old)............. $18 K.Docks (New)....

837+Shanghai Docks.

Kailang

$9.55 Ranbs

6 ct. Hong Kong Mines......

Lands, Hotels and

16/0

Mining

Buildings

FI.K. & S. Hotels...

H.K. Land..

$3

for the reller of cultivators in &. manner to be agreed on between the two governments.

Asked if the Egyptian Gloverli- ment, as an ally, was co-operating to the fullest extent in this mat- ter, Mr. Butler replied amid cheers: "We take that for grant ed."

delivery.

the

ers at 3.23/32 for Spot US US. „DOLLARS

Dollars opened with sellers at Weak during the early part of

5.1/2 and closed steadier with morning but subsequently sellers at 5.9/16 for Spot. reacted

was slightly. Business done early in the morning 22.5/16 followed by transactions

at

יד

AFTERNOON MARKET The market was quiet in the

at 221/4, 22.3/16 and 22.1/8 for afternoon.

near and September. Later the

STERLING

market reacted and business- was The market closed with sellers again done at 22.1/4 for the last at. 1/2.31/32 August/November, week of September. The market buyers at 1/3 for any delivery. closed at 1 pm, with sellers at 223/16 · August and 221/4 end for cash and probably forward of September, buyers at 22.5/18

SHANGHAI DOLLARS Opened with sellers at 402. The 403.1/2

RECONSTRUCTION OF YUNNAN

object of forming district assoela Since his arrival here. Mr. Tan

KUNMING, Aug. 8 (Central) tions was that the general com- Kah-ree, the noted Chinese indus- mittee should receive authentic

| trialist in Singapore and leader of information regarding the condthe Chinese Comfort Mission irom tions obtaining in each district. the South Seas, has been busy in-highest rate done

The following

specting reconstruction enterprises Subsequently business was done elected:-Chairman. Mr. J. and has taken a trip to Hsiakwan. at 403, 402.1/3, 402 and 401.1/2. Foley; Vice-Chairman. Mr. H, E. south of Tall McKenzie, hon, secretary --Mr. R. B. Perkins; committee-Messrs. R. A Coles, C. Ritchie A. Boyd, H. V. H. Pery and M. Namba.

officers were

He called on General Lung Yun Chairman of the Yunnan Protin cial Government, yesterday after-

noon...

was

: U.S. DOLLARS ·" Business was done this. after- noon at 22.1/4 for September. The market⠀⠀ closed with sellers ⠀at 223/16 Cash, and 22.1/4 Septem- ber, buyers at 22.5/16 for Cash,

SHANGHAI DOLLARS

Closed with sellers at 400, buy-

The market closed at 1 pm. with ess at 401. sellers at 400, buyers probably at

401.

ور

SHANGHAI' MARKET Sterling closed with sellers 3.23/32 and U8.$ at .5.17/32 for

SHANGHAI MARKET Sterling opened with sellers at Spot

month totalled. 33.20 million com- STOCK EXCHANGE, pared with $1.37 million in Mar last year.

The balance of trade in favour of Malaya which stood at barely $13 million had risen to over $ina million by the end of May this year. If production and export are maintained at this level, as of course there is every reason to ex- pect they will be, the balance of trade favourable to Malaya by the. end of this year wil be in the neighbourhood of $220 million.

ENGINEERS ČUT.

DEBATES

"Let us get on with the job of smashing Nazism."

This was the keynote of the presidential address of Mr. Jack Tanner at the opening of the an- nual conference of the Amalgamat- ed. Engineering Unico at. More- cambe recently.

Sa

The delegates were prompt to respond by asking that the pro- ceedings should be curtailed that they could get back to the workshops as soon as possible. This patriotic desire was met by

the conference adjourning so that. the Standing Orders Committee could "gift" the 'agenda,

*

411

This is an engineer's war,” said Mr. Tanner. who was presiding over the conference for the first time. "It is a machine war with a vengeance. Whether it is in' the. anti-aircraft defences or the ma- chines un land and sea or, in the sky, it is the engineer who stands. behind them all, Whose WUTI makes them possible, and without whose help there can be no talk of overthrowing Nazi-ism.

· $67) ·

*Such is the grave responsibility thrust upon the membership of our union, and such is the collec tive responsibility · that all of 14 present here today have to go- cept.*

SHO

STEWARDS WARNED

The engineers knew who were the first to be attacked when Nazism succeeded; it was the trade unions and the labour and co- operative movements, Dutch and Belgian comrades whom he met in Switzerland only last January were now probably murdered or suffer, ing in concentration camps.

Mr. Tanner Issued a stern warn- ing to ship stewards who recently held a conference in conditions of secrecy or intended obscurity."

Shop stewards were an integral part of the union, but they must Work within the structure and framework of the union. Their conference was a challenge to the union's authority.

The report of the executive connell stated that the absorptiore ‚ of the union's own unemployed by the demand for armaments was "row accomplished". For the par few months practically all districts had reported a shortage of aktiled

mem.

$15

uguin d

$100 Do. 4% Debentures....j

19.30 Shanghai Lands.....

831

47

H.K. Realties.

Tiumphreys ............

#1011 Chinese Estates..

Cotton Mil

$241 | Emo (8.) .-.-.

$100 S'hai Cottons (8.)....

$3.70 Peak Trams (new)....

567

200

SHOE CO.LTD.

HONGKONG SUPPLIES ALL KINDS OF

FOOTWEAR

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Art Photographer

Excellent · Enlarging & Developing

39, Queen's Rd. C.

Tels. 21184 & 33008,

Zoong Sings (B.).......

Wing Os Textiles (8.) $175

Public Utilities

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HK. Tramway. $15.40) $15.84

$7.10 Peak Trama (old)

Star Ferric

$37

$21

$6.30

$3.60

$30.75/37

$350

HONGKONG"

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Tmati Ferrin....... China Lights (0).... .33,80. China Lights (New);- $36H. K. Electrics (Old)... #36 11.K. Electrice; Now).

Maens Electrics" (Old) Macao Electrics (New); $118andakan Lights... Telephones (old).......

$17

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88 Telephon" (NOW)................... S'pore Tractions (Ord.) Industrials

| $14.90| Cald.; Macg. (Ord.) B..

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Comanta

H.K. Hopes. Den

ILE. GOTL. Loans

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$90 131%

895 31%

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3

SHAREBROKERS

ASSOCIATION

FOR SALE

Volume of Budness Traumcted-A selection of the best variaties al

on Thursday, Ang. 8.1948)

30 ata HK Electrica (0) 100 $ 37 00

$16

HK Electries (1)

HK. Tramways

100% HK. Lands

100

€395

HK Hotels

1,000,

"500

83 35.75 300:16.50 21.00

3.20 3.20

$181

2.083

· 66.50 | Entertainmenta

$4.90

The total value is $19.217.25.

$1.80 Constructions. (old)..........

1.65

$745 Lane Crawfords:

MiscellaneoUS

$10 Dairy Farms.

Constructions (new)

| Nanyang · Tobacco

$210 Binceres sér

Watsons" mannen

35%. Ch. G5% 1925G3Bds.

Wing On

як

$7.75

S'hai Wing On Aus) $14.

$29

瓶

Vibro Filing

7/00

4/0

Maramians Jov, (Lon.}}

Marsman Inv. (H.K)

bwmu. Powells....

Bale to Shanghai

$8

$2.05

2516

NEW PAPER MILL IN SZECHWAN

„CHENGTU, Aug. 8 (Central) The paper mill established in Kuanhsien in west Szechwan by | Mr, Shun Pel-sha is manufactur- ing paper or high quality success Tully

Bamples wuj He brought, by Mr. Baun to Chengta for exhibiting,

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RUSSIAN CUISINE MORE POPULAR EVERY DAY.

METROPOLE HOTEL

AUCTIONKKRS

GREATEST COLLECTION {1] BAKGAINS IN TOWN)

LAMMERTS MLATION ROOM

Jimmy's

TEA DANCES Tuesdaya

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Baturdays Bundays

8 to 2.30 p.m.

ENGRAVERS:

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18, Cochrane Street, Telephone No. 22224

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HBAWELLS