1940-08-29 — Page 9

HONGKONG DAILY PRESS

Finance and Commerce

Commercial Value Of Indo-China: America Supplies Most H.K. STOCK

Of Her

Her Imports

The Union of French Indo-China, in South-Eastern Asia, is France's largest and most important overseas possession, says a special report by the Washington Bureau of Commercial In- vestigation.

of

important other

Forming the eastern half of the peninsula which protrudes

east into the China Sea, directly south of China and Thailand (Sam), it has an area of approximately 285,000 square miles, over a third larger than the mother country."

at the Corn malze) is an consists Union The Colony of

the export to France, while Cochin China, French protectorates of Cam agricultural products produced in bodia, Laos, Annam, and Tonkin, commercial quantities are rubber. and the small leased territory of cassava, pepper. cinnamon, tea, Kwangchow, on the coast of copra. vegetable oils, kapok and Kwangtung Province, China. The cotton." country as a whole is governed by

Fishing is a secondary but, im-.

Fish a French administrative organiza-portant native occupation. tion, having as its head I Got forms a major clement in the ernor-General appointed by the French Ministry of Colonies..

VAST DELTA

native diet and a considerable surplus is shipped to neighbour-

ng areas.

RUBBER INDUSTRY

FINANCE & GENERAL

ENGLISH TEXTILE MACHINERY COMES TO CHINA

After a hundred years of textile trade between China and Co-operatives are Lancashire, and as the Chinese Industrial rising as a national movement, England is also contributing its distinct 'share. It is now giving China through the CIC the most suitable type of machinery for use in Its new industries, An English H. F. Set for textile work was acquired by the CIC eigh- teen months ago. It took fully a year

to Kot this expensive machine transported to the Co-operatives in West China, Already Chinese workmen are very quickly become self-support- making a copy of this machine, ing. With the increasing furious which they can do better from attacks by the Japanese cn towna. the original than from any blue in this area, we are doubly grate- With the exception of a mo-print Financially this has been ful for this foresighted contribu derate line of Old Electrics @made possible through a grant of tion to our work

from $37.45 business was on a limited NC$52,000

the Hongkong scale.

Committee of the British Fund for Relief in China,

EXCHANGE

BUYERS

Wednesday, Aug. 38,

Lands. $29.25.

Humphreys, $6.50,

Realties, $3.10.

Trams, $15.40.

Yaumati Ferries, $31.25. China Lights (New), $3.50, Electrics (Old). $37.25... Electrics (New), $35.75. Telephones (Old),-$21:85,

SELLERS

Ching. Underwriters, 10 cts." Docks (Old), $15.75, - H.K. Mines, 2 cts. Vibro Piling. $8.

SALES

Electrics (Qld), $37.45. H.K. Ropes. $5.

When this copy is finished, it will be sent to the Northwest for use in one of the CIC textile co- operatives there.

"YUNNAN SILK INDUSTRY

KUNMING, Aug, 28 (Reuter) ---

To develop Yunnan's silk industry. In addition to its other generous the Yunnan Provincial Govern- grants. the British Fund for Re-ment is planning to cultivate 200,-

lef in China has made another 000,000 mulberry

trees, in the gift to the CIC of NC$12,000. Many province within five years and of the "cooperatives in Szechuan also to train up a number of have been reduced to a perilous technicians in this field condition during the recent heavy Japanese air faids and this fund has been sent to us for the relief of such co-operatives and Co- operative members.

HEALTH CENTRES

SILVER MARKET

LONDON SILVER- London, Aug. 27 (Reuter). Silver: Little" speculative buy- Practically the whole of Cochin

exchange operations." Control of

The establishment of four badly mg. Small offerings. Business China, Cambodia-and-southern-Fostered by subsidies from the the latter is designed to conserve

Market steady. In the Lacs constitute the vast delta and French government, rubber cult-and direct the use of all foreign needed health centres in the North-small. flood plain of the Mekong river, vation has developed rapidly in exchange, and is closely connected west area has been made possible afternoon, the market was quiet

Special conditions with the control of importa,

through the grant of NC$40,000 and idle. which rises in Eastern Tibet, flows recent years.

Spot, 23-7/16d. โ through the whole of Yunnan of soll, climate and labour, as well

All imports from countries other from the Foreign Auxiliary to the

or its Chinese National Red Cross. These Forward, 23d, empties as private capital and initiative, than France, its colonies, province in China, and into the China Sea.

also have contributed to the sus allies, are subject to permits or Health Centres will be erected well cultivation of rubber. dinarily required only for essen-outside the four cities that they' .. This plain is given over almost cessfu! entirely to the cultivation of rice. Indo-China is a party to the in- tial goods not obtainable from are to serve. The funds will be used while deltas of the Red and Black,ternational rubber restriction France. Under the wartime mea-for erecting buildings and provid- Rivers In Tonkin provide addi-Fagreement and was allotted asures, exports of certain productsing equipment.. tional rice regions in the north. quota or 60,000 tons in 1939. Ex-to foreign countries are prohibit-

toled. while permits' are High mountain ranges in Annam ports

at for all others.

that "year amounted pounds, valued

run between these two great rice 151,854,000 areus and extend north to the $24,390,000, or 27 per cent of the mountainous peaks along the total export trade.

Chinese frontier. dividing the narrow coastal plain from a large interior plateau of forest. North-

ern Laos. also.

is mountainous

and. In general, thickly forested.

1938. CENSUS

1936 in the

Forty per cent, of the rub- to the ber shipments went United States. Indo-China's production accounted for 8.5

of the total per cent.

world output of rubber in 1939.

Rice rubber. corn. fish and Of the country's 23.030.000 in- habitants. 22,837,000 were classed minor agricultural products com- census, prised about 85 per cent. of as natives Chinese residents number 325.500 Indo-China's export trade in 1939. and other Asiatics, 5,400 Pre The remaining 15 per cent con... the country's dominantly French, the European 'sisted chiefly of populatich consists of 41,285 mineral products, of which coal most important: Tin, -French-including 10,574 arined is the "forces and only 975 Europeans of tungsten-zinc-lead-graphite.

and gold ¡phosphates other nationality..

Of the main racial groups, the produced in commercial quanti- Annamites approach the Chinese ties,

also

A small amount will be kept to necessary help the work in the initial stages. but it is anticipated that they will

HONGKONG SHARE QUOTATIONS

SHAREBROKERS'

Mercantile Bka. "A".

ASSOCIATION

Bayer

Ballers

Salon emin

***

£89

£82

$85

BOMBAY SILVER Bombay, Aug. 27 (Reuter). Market-Steady. Offtake 50 bars

Indian Mint Silver

Ready

Sept. 25 Settlement

Oct. 23 Settlement

83-14- 63-13

LONDON METALS

EXCHANGE

London, Aug. 27 Reuter). Tin, Standard, Cash, Middle Price, 258-3/6.

Tin, Standard, 3 months, Middle Price, £258-7/8.

Market eased on continued Bri-

fle 3/16 tish smelters offerings and cessa- tion of dealers support, which had £11f been the mainstay of the market $73

recently. Market steady at the 50 ct. decline.

STOCK EXCHANGE

Bayer Sellers Hale Nomial

WEDNESDAY 98 AUG.

Banks

$1250

H. K. Banks

$1235

£88

Do. (Col. Reg.)

£63)

Do, (Lon. Rez.)

26 3/16

Chartered Banks

F28

PU

Mercantile Eks, "C".

$73

Bank of East Asia.....

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

$210.

are

10 cta.

$35 Union Insurances.....

Underwriters

8387

10 cts.

$140 H.K. Fires.

8140

Shipping

$120 Douglases

$120

811

Steamboats........

$10

$100. Indo-Chinas___[Prof.)...

8100

$100

32/6

26.00

in tradition, language and cul- The forests of Indo-China pro- ture while the Cambodians and vide valuable tropical hardwoods, Laotians are closely akin to the bamboo, lacs, herbs, and essential Thai peoples. Excluding Occi- ulls, all of which enter into th

number of country's foreign trade. dentals and a sinall

INDUSTRIAL DEVELOPMENT educated natives, the bulk of the

Industrial development is limit- population is largely illiterate,

with a relatively low standard of ed, as the normal French policy

living and

power.

limited purchasing has been not to encourage indus-. trial development in the colonies! that would tend to increase com- petition with the Industrial ex- ports of France.

In spite of numerous credit organizations designed to im-

the

rural country's prove

Indebtedness and economy, their struggles against the difficult climatic have tended to

the peasantry,

.

conditions

impoverish

A number of articles, however, manufactured in Umited are

silk and quantity, and cement, cotton goods, laces, glass pottery, leather, matches, bronzes,

EXPORT TRADĖ“

$30

Cantor-Insurances..............

Indo-Chinas (Def.).....

Providents ....

32/6

Shella

- 26.90 || Waterhosts

Docks, Wharves,

Godowns, etc.

$90

$3.95 $4

83 95

816.90

815

H.K.. Docks (New).....

820

16/0

$9.55 Ruube

2 cts.

II.K. & K. Wharves... $85

H.K. Docks (Old)..... 815 810

Shanghai Docks.....

Kailans

Mining

Hong Kong Mines....

19.9 Shanghai Lands...

H.K, Realties.

Humphreys

$101 Chinese Estates..

Cotton Mil

84

$15 8281

16/0

::

#3.20

$81

and

Lands, Hotels and

Bulidings

$3.40

$29

H.K. & S. Hotels....... $3.40 1.K. Land......

#29

X.D

$100 Do. 1% Dabentures....

$100

$3.10

$6

201

833) Evo (8.)

8210

'hai Cottons (8.)...........

8361 $210

Zoorg Bings (6.).....

Wing On Textiles (8.) $125

Public UtilitiesTM

H.K. Tramways.

$15.40

$8

Star Ferries.

$377

Y'mati Farri...

$21

China Lights (0)......

88.45

83)

H. K. Flectrice (Old... $37,10

COMMERCIAL CENTRE and fish sauces of domestic pro 320

are exported in small Saigon, near the mouth of the duction Mekong, is the commercial eentre quantity to neighbouring coun-. and largest city, with a populatries. tion of 256,000 including the ad-.

Chinese' area of Cholon,. In 1938 Indo-China's total ex- Jacent The capital of the Union is port trade was valued at $89,200,- Hanol, in Tonkin. Haiphong. also 600 of which. $28,760,000, or 32.5 in Tonkin. is the port of the per cent, represented trade with north

France. The United States, with Since removal in 1938 of the 12 per cent, of the total, was the Chinese government from Nan second market. If, however, ex-815.40 king to Chungking, in Szechwan ports to Hongkong, which consist province, the French controlled largely of 'rice destined for China, railway running from Halphons are included China becomes the to Yunnanfu (Kunming), capital second market. nt Yunnan province, has gained Under in commercial

the

Franco-American

erd strategic im- trade agreement, American pro- portance, and is practically the ducts, with a few exceptions, are only outlet to a seaport east of admitted to Indo-China subject Rangoon that is available to "free" to the minimum China's foreign commerce.

:

1

$7.40 Peak Trams (ald).....

$3.70 Peak Trama (new)....

China Lights (New).....!

$67

$21

$6.85

$31

$371

$37.10

917

$16

Macao Electrics (New)

$11

7.

tariff rates established with France. In 1999 $21.80 Haiphong also has good rail- total import trade was valued at 381 road and highway connections $60,420,000, of which 568 per cent. with the northern portion of represented" imports from France.

SOURCES OF IMPORT Indo-China, for which it serves as distributing centre. The southern. In recent years the United half of the country is supplied States has held first place among from Saigon via the Mekong river, 'western sources of importa, sup- main artery of commerce and plying goods valued at $2,520,000 transportation. In 1937 total rail-In 1939, compared with British way mileage was 2,088, while there imports of the value of $1,710,000 were 16,660 miles of surfaced and of imports from Japan to the highways.

value of $1,017.500,--

STAPLE CROP

agricultural,

Essentially

$15.10

The principal commodities en- $17.60 the tering into imports from the and chief United States are raw cotton, machinery. metal source of wealth is rice. Proxi- automobiles,

country's staple crop

mity to China warrants a pri. manufactures and petroleum pro- vileged position, in supplying that ducts. Imports from Japan have country's rice needs, and an aver consisted principally of

cotton

ནི་

1:19

$35.90 H. K. Electrics, New)... $25.80

Macao Electrics (Old);

Bandakan Lights........

Telephones (old)........

Telephones (new) 8pore Tractions (Ord.) Industriais

$14.00 Caid.,.Macg. (Ord.) 8.

$12

81

Cald., Marg. Pref.)S:

Canton Ices..

Cements

H.K. Ropes ****

ILE. GOTL. Lorns B99h 4% Loan

$96.31%

$95 3%

(1834).. (1940) Miscellaneous

Dairy Farms.........

66.60 Entertainments

$1.80 Constractions (old)....

81. Constractions (new)....!

37.45 Lane Crawforde.

#

#161

100%

$

:

::

***

THURSDAY, AUGUST 29, 1940.-PAGE 9

PABST

BLUE RIBBON BEER

Around the World, it's Pabst Blue Ribbon

Pabst

BEER

From the Riviera to Singațiere

.. from Buenos Aires to Bombay... in the mariest clubs, restaurants and bars as well as in the fine homes you fund this world-favourite of beers!

Because Pabst Blue Ribbon is in a class by itself. The lighter, zestier beer for keener. refreshment. Nothing heavz or syrupy to slow -up its delightfully invigorating action.

And wherever you crder Pabst you'll find it always the same, Fure. Delicious. Wholesome. For in every tangy, thirst- 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.

DODWELL & CO., LTD.

Queen's Building.

"SPECIAL

Tel. 20836..

SALE"

AT LOW PRICES ·

New Laid Leghorn Eggs

FROM THE Diamond Leghorn Farm

Sole Agent:

HUNG CHEONG

66, NATHAN ROAD, KOWLOON TELEPHONE 51188

PRE-PAID ADVERTISEMENTS.

The following classes of 'advertisements are charged at the price given below 1- SITUATIONS VACANT. HOUSES AND APARTMENTS WANTED.

HOUSES AND APARTMENTS TO BE LET. MISCELLANEOUS WANTS.

Announcements not exceeding 25 Words are inserted under this heading at a Pre-paid

Rate of $1.50 for THREE INSERTIONS.

Reply of the following Box No. ha

WANTED KNOWN

AIR RAID SHELTERS. The Anglo Chinese Commercial Company is prepared to construct Air Raid Shelters to order. Consult us for advice. Several Jobs already com- pleted in Hongkong, The Anglo Chinese Commercial Co., "Room 5. 22, Des Voeux Road, C. Tel. 33829.

"VANITY" Mezzanine Entrance

If Charges collected, $2.00,

ve been lying at our office 463, 404.

HOTELS

RUSSIAN CUISINE MORE POPULAR EVERY DAY

METROPOLE HOTEL

We pay high prices for all Gold N. Lazarus & Co., Fedder Street..

Beautiful Selection of Evening & Silver articles, Diamonds," Jade Dresses also Day & Afternoon and Gold dust. Apply China-Gold- FTOCKS. Costume, Jewellery, Cos-Refining Co., Pedder Building, 2nd metics and Perfumes. Latest from floor, Room 6., New York.

Experienced Book-keeper Wants Students to form a class. Quaraz tee students to keep a whole set of books after completion of a course of 6 months. For Term and Par ticulars. Please Apply to:-Box $31.86 No. 453. c/o H.K.D.P.

-68:70-

50 at

806

WANTED TO BUY

Wanted to Buy 2nd Hard Type- writer in Good Condition. Please

FOR SALE

For Sale Fifty sets of Jubilee and Coronation Stamps 1st day Cover. What offer? Please apply to Box No. 485 c/o The H.K.D.P.

FOR SALE

apply to Box No. 464 e/o The A selection of the best varieties of HKD.P.

WE PAY EXTRAORDINARILY

high prices for gold articles. Apply

Hong Kong Gold Refining Co..

'RELIABLE & TESTED

FLOWER AND VEGETABLE

Room 446, 10 Queen's Road Cen-Messrs.

SEEDSMA

From

Suttons & Bons, Reading.

$17tral, Wang Hing Building, 4th Mears. Atlee Burpee & Co../

Philadelphia

1358 Messrs. Arthur Yates & Co., Ltd.,

Sydney

$8.90 Floor.

$1.85

Nanyang Tobacco....... $3 $2.16 Sinceres

HONGKONG

$2.10

$8.56 Watsona

ནཝཱ ཏ

SHAREBROKERS

ASSOCIATION

II.K. Wing On

$39

Volome of Business Transacted

$14

$8

Vibro Filing.

on Wednesday, August 28"

Boon after the outbreak of the European war decrees were pro- mulgated in Indo-China for the regulation of foreign trade and

8/9

HK. Electrics (0.)... 400

Marsmans Inv. (Lon.}}

4/0

Marsmans Inv. (HK)

HK. Electrics (N.)

100

$1

Wan. Powells.....

*Bale to Shanghai,

500

age annual crop of 2,500,000 tona, varna and plece goods, and, have Chinese been checked in recent years by is sold chiefly in the

the imposition of quotas. market.

Exports of rice in 1889 were valued at $35,370,000, approxi- -mately 40 per cent, of the total

export trade,

857 Ch. G.5% 1925$Bds. $39

S'hai Wing On

E

$37.45

36.25

The total value is $18.605.00.

The opportunity of serving you will be a pleasure and your commands will have our best attention.

GRACA & CO. No. 10 Wyndham Street P. O. Box 020 Hong Kong.

TEA DANCES Tuesdays

Thursdays

Saturdays

Sundays

5 to 7.30 p.m.

ENGRAVERS

FEI FEI & COTM Photo Engravers

18, Cochrane Street, Telephone. No. 22224,

AUCTIONEERS

GREATEST COLLECTION OF BARGAINS IN TOWN!

..!

JAMMERTS, MUTRIN ROOM Lamins ry, Brofr A GOPALAN

Hard could Telephone NO NOV24

Jimmy's

INSURANCES

The National Mutual Life Associa- tion of Australama, Limited is not accepting new. business in Hong Kong at present, Any enquiries should be made at the ofice:-8," Des Voeux Boad, Central (6th floor Room No. 45), Bank of Cantóni Bullding Hongkong..

Tel. No. 27473)

Resident Secretary,"

H. R. WELLS.