1940-08-30 — Page 9

HONGKONG DAILY PRESS

S.Ä. SUPPLEMENTARY BUDGET

BEFORE HOUSE

OF ASSEMBLY

INCREASED AIR TRAVEL

IN CANADA

FINANCE & GENERAL

Finance and Commerce

BUTTER RATION REDUCED

ANGLO - U.S. ACCORD

£46,000,000 FOR WAR EFFORT

Air travel in Canada" increased LONDON, August, 29 (Reûter) — CAPETOWN, Aur. 20. (Reuter)by almost one hundred per cent. The amount of butter obtainable South Africa is spending €46.600,- 1939, according to a report on under the present combined but EMPIRE ECONOMY 000 un war effort this year. This civil aviation which reveals that ter and margarine ration will not was revealed by Mr. J. H. Hof-the passenger miles flown num- exceed four ounces. from Septem-

TO BENEFIT meyr, Minister of Finance, in-bered 26.107,750 miles as against ber 2, announces the Ministry of

LONDON · August 29 (Reuter) troducing a supplementary, budget 14.888.718 passenger miles in Food.

Reuter's diplomatic correspondent in the House of Assembly yester- 1938.

The only change from the pre-learns that new developments by day.

Air passengers carried during sent position is that consumers, the formation of a United States- The original budget in February the year numbered 161,503 as who have taken all or most of Canadian Board are being sym- provided "a defence expenditure against 139,808 in the preceding their six ounces of butter" and pathically followed in London, of £14,000.000. It is now

pro-year, but the more marked gain margarine ration in butter, will where it is regarded as a prece- posed to increase this to £48-in the mileage flown is attributed be unable to obtain over four dent which will be followed in- 000,000 for the full year.

to the longer flights made pos- ounces of butter a week. They creasingly, not only in relations The supplementary budget pro-sible by the inauguration of pas- will be able to obtain the balance between the

United States and vides a total expenditure of £32-senger 'Service on the Trans in margarine.

Canada, but between the United 038 000, of which £9,322,000 will by Canada Air Lines in 1939.

States and Britain. obtained from revenue and 523- 616,000 from loan. An internal loan will be floated shortly

INCREASED TAXATION " Additional taxation proposals include a 2 per cent. increase in special war contribution by min- ~ingTMcompanies, 20 per cent in crease in income tax and super tax and an increase of half a penny on letter, post,

¥*

Canada has long been a pioneer in freighting by air, and the pro-

vision of facilities for transcon- tinental air travel is significant to the advance being made in air passenger traffic,

-LITTLE CHANGE

Freight tunsportation by civil aircraft, during 1939 showed little change, amounting to 21,253,364 pounds compared with 21,704,587

LONDON STOCK

EXCHANGE

The formation of the Defence Board is considered to be a deve- lopment which may have very re- economy LONDON, August 20(Reuter)-markable results on the

of the British Empire. In the Stock Exchange, the early interest in Kaffrs was maintained This development is assisted _by_details of the supplementary considerably by the British Prime. Minister's spontaneous offer to South African Budget which was considered less burdensome than America of facilities for bases in British possessions in the Western expected.

Hemisphere

~~~There will also be mcreases of pounds-in-1938: Mall-carried by Despite the talk of demand for]

Gilt-edged made a good showing.

Con-wage increase Iron and Steels were

tax on diamond mines and in a totalled 1,900,347 pounds as some customs duties.

H.K. STOCK EXCHANGE

The market continues steady. but volume small

BUYERS

Docks (0), $15.40. Lands. $29.25. Humphreys, $6.50.

Realties, $3.10. Trama, $15.45.

Yaumati Ferries, $21.23. Electrics (0), $37,50. Telephones (0), $21.85. Cements, $15.15. Dairy Farms, :$17.50.

BELLERS

China Underwriters, 10 cts. HK Mines, 2 cts. Vibro Piling, $8.

SALES

HK. Banks, $1250. Trams, $15.50.

China Lights (0), $6.85, Electrics (O), $37,50"

HONGKONG

SHAREBROKERS-

FRIDAY, AUGUST 30, 1940 -PAGE 9

SAY

Gordon's

...and know what you're

drinking/

GORDONS

DRY GIN

DISTILLERY LONDON.

NO COLOURING matter

NO INJURIOUS INGREDIENTS

ASSOCIATION RESERVE BANK OF

INDIA STATEMENT

Volume of Business Transacted Photo-well held. Elsewhere, price move

pounds. against, 1,901,711

and the siderable sketching Mr. Hofmeyr stated, that Union's imports from the United graphing from aircraft was also ments were mostly narrowly irre-

gular. Kingdom from January to June Carried on during the year. 1940. wore nearly £3,000,000. high- with er at £21,037,000 compared the corresponding figure of 1939.

He declated that these figures would help members to judge for themselves the success achieved by the enemy in attempts to pede trade with Britain.

IMPROVEMENT

The area sketched. In 1939 was 3,420" square miles and the "area photographed, 48,344 square miles. The number of torest fires detect- ed and reported was 181 as com- pared with 368 in.. 1938,

The principal activity of other Im-commercial aircraft in Canada

during the year was the carriage

Wall Street was steady.

LONDON GOLD

London, Aug. 28 (Reuter). Bar Gold, Fine per oz., 168/-

LONDON METALS

EXCHANGE

London Aug. 28 (Reuter). Tiri. Standard, Cash, Middle Price, £257-5/8.

Tin, Standard, 3 months, Middle Price, 258-1/8.

by air of freight, passenger and HONGKONG SHARE QUOTATIONS

mall to the more remote parts of the country.

.MINE SUPPLIES

IN GROUNDWOOD The freight consisted largely of

PULPTMTM

MANUFACTURE

machinery and supplies for mines In the northern regions of Quebec, Ontario, the western provinces, and the Northwest Territories.

Formerly accessible only by dog Studies carried out by the team or cance, many mining Forest Products Laboratories, of areas in the North are now serv the Department of Mines and Re-ed by aircraft operating on re- sources have contributed togular schedules.

economies in production and im Other activities of commercial provement in the quality of airmen included forest fire patrols. groundwood pulp.

The object of these investiga tions is a better understanding of the manner in which mechanical pulps are produced from wood, and the solution of a variety of problems relating to the manu facture of pulp and paper.

Groundwood pulp is obtaineu by the rubbing action of wood held by pressure against a rotat ing grindstone which has a pat- tern imprinted in it by a burr

timber cruising, áir · photography, land topographical survey work.

Yukon Gold Production Up

Placer gold production in Yukon amounted to 108,078 ounces dur-

31, 1940, an increase of 17,483 ounces over the preceding scal year, according to "the Department

The quality of the pulp producing the Ascal year ended March ed depends on the moisture" con- tent of the wood, the speed of rotation of the storie, the pres- sure of the wood against the stone of Mines and Resources, and the temperature at which

The total number of grinding takes place.

claims in good standing was 2,644, PRINCIPAL WOODS

of which 2,502 were in th Dawson the district, 103 in the Mayo district. Spruce, balsam and, on Pacific Coast, western hemlock are and 39 in the Whitehorse district After almost a half century of the principal Canadian woods used:

placer

for the manufacture of ground-continuous operation the famous wood pulp. Eastern hemlock and placer fields of the Klondike still jack pine are used to a limited have gold-bearing gravel reserves extent, and poplar is also ground of a magnitude that assures many to make a bulky sheet.

The total production of wood pulp in Canada has reached as.

more years

:

of successful operation. HIGH PRICE The high price of gold in re-

STOCK EXCHANGE,/

Впчета Bellori Balen Nom

1மில்

$3.40

3291

23.10

much as 5,000,000 tons per year cent years has resulted in in- $18.40 and the value often exceeds $100.- creased attention being given to

·000 000.

Yukon, and the placer operators Nearly two-thirds of this quan-are working over the old Klondike tity is groundwood pulp," and about diggings and the lower grade 80 per cent of the groundwood ground which was neglected in pulp is used in making newsprint the days of 298 paper, one of Canada's most im2] portant export materials.

RADIO DETECTS DISTANT STORMS

367

.8211

$322

The old pari, rocker, and sluic ing methods have been largely succeeded by huge dredges, most of which are operated by elec$21.88 tricity developed from the water "powers-of-the area. During the fiscal year eleven dredges operat

ed and these handled more than

10,000,000, cubic yards of gravel

Prospecting for placer gold was

Radio has been put to work at an entirely new job, detecting on the increase, and extensive $16.10

storms 50 to 100 miles away.

A "A... storin

stripping and thawing operations. detective, employlas preliminary to large-scale dreag- radio principles, the only one of itsing, were carried out on anim kind in the world, wargs Consoli-ber of cinims. dated Edison Company of New York of storms travelling towards

the city.

-

OLD PLACER CREEKS Individual mining. operations, conducted chiefly during the sum- It was designed and built, by mer season, were confined to the Richard Lombard, radio technician old placer creeks in the Dawson and former ship's radio operator. and Bixtymile area. Haggard and Storm news is important to a Righet Creeks in the Mayo ares. utility supplying electricity to the Bullion and Burwash Creeks in metropolitan area in which more the Kluene Lake area, and Living- than 47,000,000 New York citizens stone Creek district. - live, because sudden darkening of In addition to the placer gola the daytime sky causes the turn output of Yukon. 1,147 ounces of ing on of millions of lights thus lode gold were produced from the Increasing electric demand greatly Laforma mine in the Freeglod over the normal demand at that Mountain area in the Carmacks hour

district.

$210

10 cts.

2 cts.

::

::

on Thursday, Aug. 29, 1940." China Lights (0)

100 $6.65 100 37.50 29.50 100 100 58.00

400

HK. Electrics (0) HK Lands Star Ferries

The total value is $13,165.00.

SHAH BROKERS ASSOCIATION

THURSDAY

Bellara Bales Wominal Owing to the

29 AUG. Banks

8:200 FIK Banks

£68

$597

£81

Do. (Col. Reg.): Do. (Lon. Reg.)....... Chartered Banks ......

£28 Mercantile Bks. “A”: Mercantile Bkı, "C", Bank of East Asia.....

873

N. C. & 8. Banks..... Insurances

Canton InsorANCES. -----

$365 Union Insurances................

Underwriters

8140 H.K. Fires.......

»

Shipping

Steamboats

*

$120 Douglases

$11

ہوتے

SICO Indo-Chines (Pref.)...

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

880.

Shells

'32/6

$4.90 Waterboats.

Docks, Wharves,

Godowns, etċ.

Enyer

81235

4

of

RELIEF RICE FOR CHEKIANG SHANGHAL Aug. 23 (Reuter)-

blockade east. Cheklang, the shipment of over 20.000 bags of foreign cereals or dered by Ningpo and Shaqshing residents guilds in Shanghai for 26 the relief of the two ports are be- ing held up in Shanghal says the Sinwanpao.

288

£11

$73

160 ch

$367

210

10 cts.

$140

#120

$10

$100

$100

32/6

$6.90

TH

$90

54

H.K. & K. Wbarve... $85 Providesta

8101 H.K. Docks (Old).....

$152

$16

$15

8264

-18/0

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

$261 +Shanghai Docks..

16/0 Kailans

$9.65 Raubs

***

Mining

Hong Kong Mines......

Lands, Hotels and

Buildings

H.K. & S. Hotels........

H.K, Lands....

$100 | Do. 4% Debentures..

19.9

L++

Shanghai Lande.

H.K. Realties....

Humphreys .....

$101 Chinese Estates.........

Cotton MiUS

$33 Ewo (S.) ..................... $310ghai Cottons (8)....

+4

Zoong "Bings' (8.)................. Wing On Textiles (8.) 15

Public Utilities

3024.

H.K. Tramways..................----818,40 $7.40 Peak Trams (old).... $3.70 Peak Trams (new)....

Star Ferries...

'mali Ferries.......................... 2214 6.60 Chin Lights (0) $31 China Lights (New), £27.45/374,, Electrics-(Old)... 136 H.K. Electrics(Now)... 817

Macao Electrics (Old)

$16 Macab Electrics (New)

Sandakan Light.........

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

$100

$37.45 $36.25

#36 $210

ון

Calcutta, Aug. 28 (Reuter).... Aug. 16 Aug. 23 Notes in circulation (including Notes held in the Bank- ing Department)... 26,094 26,042 Rupee Coin and Bul-

lion in India

3,542 3,490 Gold Com and Bul-

Kön in India

Securities (Indian

SILVER MARKET

LONDON SILVER

London, Aug. 28 (Reuter). Silver: Market very quiet and featureless. Business small. In the afternoon. the market was very quiet.

Spot, 23-3/84.

Forward, 22-15/16d.

BOMBAY SILVER

Bombay, Aug. 28 (Reuter). Market-Quietly steady. Offtake

Indian Mint Silver

4.441

4.441100 bars.

Government) Securities (British

Government)

4,960

13,150 13,160

4,960

Ready

Sept. 25 Settlement

Oct. 23 Settlement

63-10

63-09-

Ontario's 'cheese production ad- vanced 59 per cent. during the first four months of the year.

HEAVY FINE FOR GOLD HOARDER LONDON," August 29 (Reuter)-Output amounted to 7.743,502 M. Leon Pandell Argenti, former pounds compared with 4,871,386 director of a merchant bank the during the similar period of last Iname of which is kept secret, was year. The province supplied so The guilds are negotiating with fined £15,000 at Bow Street Police far this year roughly 75 per cent. the authorities for the shipment Court for falling to offer for sale of the Dominion's total Butter of relief rice to east Cheklang by to the Treasury two gold bars production for the January-April specially chartered steamer, worth £6,400; 400 sovereigns and period came to 20,587,258 pounds- states the journal:

an increase of 3 per cent over last year's four months,

2,000 Swiss francs.

PRE-PAID ADVERTISEMENTS.

The following classes of advertisements are charged at the price given below 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. If Charges collected, 82.00.

WANTED KNOWN

33:10

$3.40 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. N, Lazarus & Co.; Pedder Street.

Beautiful Selection of Evening Dresses also Day & Afternoon Frocks. Costume, Jewellery, Cos- metics and Perfumes. Latest from BOLES New York. $3.00

Experienced Book-keeper Wants Students to form a class. Guaran- tee, students to keep a whole set of books after completion of a course of 8 months. For Term and Par $8.70 ticulars Flease Apply to Box

No. 483c/o HKDF;

WANTED TO BUY

WE OFFER HIGH PRICES for any atagunt of gold articles, diamonds, Jades, etc. No holidays, Apply China Building, 7th door. Tel 30727. Eurasia Gold Refining Co.:

HOTELS

RUSSIAN CUISINE

"MORE POPULAR EVERY DAY

METROPOLE HOTEL

We pay high prices for all Gold Bliver articles, Diamonds, Jade and Gold dust. Apply China Gold Refining Co., Pedder Building, 2nd floor, Room 6.

FOR SALE

For Sale Fifty sets of Jubilee and Coronation Stamps 1st day Cover. what offer? Please apply to Box No. 465. c/o The HK.D.P.

FOR SALE

'A selection of the best varieties of RELIABLE & TESTED FLOWER AND VEGETABLE SEEDS

From

Messrs. Suttons & Sons, Beading.

Messrs. "Atles Burpee & Co. !!

Philadelphia

Wanted to Buy 2nd Hand Type- writer in Good Condition. Please Messrs. Arthur Yates & Co., Ltd., apply to Box No. 484 c/o The H.K.D.P.

WE PAY EXTRAORDINARILY high prices for gold articles. Apply Hong Kong Gold Refining Co., Room 440, 10 Queen's Road,Cen tral Wang Hing Building, 4th, Floor.

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 620 Hong Kong,

TEA DANCES Tuesdays

Thursdays

Saturdays Sundays

5 to 1.30 pm.

ENGRAVERS

FEI FEI & CO. Photo Engravers 18. Cochrane Street. Telephone No. 22324.

AUCTIONEZES

GREATEST FOLLECTION ĐỀ PARO, MINA IN TIBVNI

LAMMERTS AUCTION BOONE

Jimmy's

INSURANCES

The National Mutual Lifs, Associa“ tion of Australasia, Limited is not accepting new business in Hong Kong at present Any enquiries should be made at the office: 6 Des Voeux Road, Central (5th floor Room No. 603, Bank of Cantan Building, Hongkong.

Resident Secretary Tel. No.: 27473IR WELLS.

Telophones (old) $1,85

BRY

Telephones (new).......

Spare Tractions (Ord.)) Industrials

$12

Cald., Macg. (Pref.18.

#1

Canton Tois.........

Cements

$15

*IT

H.K. Ropes

#B

HE, Göri. Loans

$804 4% Loan

100%

190

895

₤31% 131%···

(1934)

#05

(1940)

$17.50

Dairy Farms...

$6.60 Entertainments

$17 $0.20

$186

Miscellaneous

$1.60 Constructions (old)........

Constructions (new)...!

18.10 Watsons

$1

$7.45 Lane Crawfords..

Nanyang Tobacco................."83}"

$2.18 Sinceres

$8.10 884

30. Ch. 0.5% 18250 Bda.

88

$39

B.K. Wing On

S'hai Wing On

Vibro Piling

F

Marsmans Iny. (Lon.)

4/0

Marsmans Ipv. (EE)

Wm. Powells

†Bale to Shanghai-

1358

Bydney