1940-09-07 — Page 9

HONGKONG DAILY. PRESS

*

Finance and Commerce

MONEY AND

EXCHANGE

CLOSING QUOTATIONS

SEPTEMBER 8, 1940. -

On London:

Telegraphic Transfer. 1/2 7/9 Bank Bills, on demand 1/2 7/8. Credits 4 months' sight 1/3 1/4

On Shanghai:-

On demand

On Bingapore:—

On demand...........

415.

62 3/4

On demand 94 1/2

On Japan:-

On India:

Telegraphic

and demand

On New York:-

Transfer. |

☺

Canada's Export Balance On Tourist Trade

Canada's net export balance on tourist trade last year was $165,975,000. This amount is supplied by the tourist trade to the funds available for meeting Canada's "International pay- ments. The total net export balance on Canada's account in these transactions last year is estimated at 3209 million, so that the Dominion last year built up a good margin for the needs of war purchasing.

FINANCE & GENERAL

OPERATION OF PURCHASE TAX

SATURDAY.

SEPTEMBER 7, 1940. -PAGE

"BIG FOUR" OIL

TALKS

Continued From Page

LONDON, Sept. 8 (Reuter The Treasury is shortly making the storage tanks of Japanese an order fixing a date on which submarines based uncomfortably the Purchase Tax, will come into close to Batavia in the Spratle operation,

Islanda? "Mo «Tuns the JADARASA

All taxable goods delivered up thesis. der unchargeable purchase after

Then come the Luich rebuttals. that "date will be able to tax

The oll deposits in the Indies even. Registration of manufacturers

at the present rate of production. and wholesalers dealing with tax may not last more than 25 years able goods is already progressing and much of this already is con-

such fumus must

tracted, fur. Actually one impor- apply to be registered by Septem-tant commitment is for the par- ber 20, failing which they are tint supply of British naval ves- liable to a fine of £10 for every sela ot Singapore which might

Indies.

and

The balance in favour of Canada |spent $262,358,000; while Canadian/day the failure to register con-speed to the defense

on tourist trade was provided by tourists, in the United States spent tourist expenditures in Canada $94,699,000, amounting to $274.771,000, against which

Un a culemation based on the was set expenditures by population of Canada and the 821 Canadian tourists abroad amount- United States, these figures indi-

Ing to $108,796,000

Bank Billa, on demand 22 1/4 Credits, 60 days' aight 23 1/8

On Batavia:-

On demand

On Paris:

On Saigon:-...

41 8/8

Bank Bills, on demand 1085 Credits 4 months sight 1160

-----On-demand...

On Manila:

On demand

On Bangkok

On demand

-08-3/4

44 1/9

149 Ye

On Sterling Notes:-

Bank Buying Rate

1/0 1/2

Bar Silver per oz.

23 7/16

Market Report

FROM ROZA BROS. Silver prices were unchanged

The Dominion of Canada nas

cate that Americans in Canada Even though expenditures by spent $2.00 per capita approxi- visitors to Canada are much mately, while Canadians in the larger in bulk than Canadian United States spent $5.50 per tourist expenditures abroad, on a capita. per capita basis. the outlay of Canadians for travel is much had in operation since 1934 a greater than that of United States Canadian Travel Bureau to under- citizens in the Dominion.

take tourist travel proinotion The export balance on Canada's a national effort and lo assist tourist trade last year was six tourists with information regard- million dollars greater than inng Canada's scenic, historical and

tinues.

HONGKONG

SHAREBROKERS

ASSOCIATION

Volume of Business Transacted on Friday, Sept. 6, 1940, A.S. Watsons....

500 $ 9.00 Ching Lights (0)

1,000. China Lights (N) EK, Docks (0)

ot tha

Japan - already is getting a proportion of Borneo oll and she wants some of the addi- tional fuel requested in bulk, depriving Dutch refineries of business which keeps the na- tives employed,

As recently as a few months 7.00 ago the Dutch äld not bother to 4.10 go into such detailed explanations 16.60 with the Japanese. They answer- 16.80 ad briefly that oil production was 16.75 only indirectly influenced by the 16,90 | Indles government, and the whole

Satisfied? Quite !

IT'S

"BLACK

& WHITE"

NO IF OR MAY BE IT'S THE SCOTCH.

MEASURES

629 -100 50 100

£5

500

**K Hotels

1,500

1,000 300

100

3.60 question should be pursued through who might have large capital EXCHANGE CONTROL 3.65 private commercial channels Investments in processing the com- 15.90 directly with the American and modities, is naturally reluctant 16,00 | British concerns affected.

to earmark them free for anyone

500

500

100

200

7,079

1938. Tourist expenditures of other attractions and regarding K. Tramways

with

of travel within the Canadians travelling abroad de methods clined, between these years, from Dominion. This Bureau works in $121.958,000 to $108,793.000 or by co-operation

the various Realtys anout thirteen inlion dollars; tourist, travel and publicity agen while

expenditures by foreign cles, both pubile and private, Star Ferries tourists in Canada decreased only throughout the Dominion. from $281,850,000 to $274,771,000 or The Bureau is assisted by an advisory council consisting of the by seven millions only.

of the Tourists from overseas spent Directors of Information

The total value is $64,253.90.

yesterday the quotation remain $12,413 000 in Canada Last year, Provincial governments, represen-members of the executive com-

Associa

LONDON, Sept. (Reuter) 15.90 The very fact that a round table-at least without some interest Australia has imposed control

3.65urvey among both British and on his invastrient.

closely aligned with the United 3,65 | American off executives is now But the Dutch have much to Kingdom control on foreign ex- 60.00 impending reflects the increased offer Japan is another direction change proceeds from all exports. concern of the Dutch government, and the outsider can be sure that For instance, experts to the Actually both Koloniale. the this inducement will be used to sterling area are payable in sterl operating company for Standard. Its utmost bargaining advantage. ing to the Netherlands, in sterling Vacuum, and the Shell interests. The East Indies, which have lost from an authorised bank or Java have always been responsive to large sources of finished goods in and Curacao guliders, and to special the economic control machinery war-torn Holland and Germany, countries with London of the Indies.

are quite willing to increase their accounts in. sterling from

-accounts, own purchases from Japan in TIN, RUBBER, SALT A large as off may bulk in the big way. As much as the Dutch economic picture of

would like to "take up the slack"TAN KAH - KEE IN hungry

buying American, the low Japan looking southward. It is by only one element. Tin, rubber, prices offered by Japan are too salt and blending ores occupy great an Sales is important positions. Until 1940 tive, in the Indies buys by pries

Japanese requirements had been taga relatively small, The United States

of Tourist and Publicity

at 23.7/18 for Ready and 23.1/4 while Canadian tourists overseas tatives of the Dominion depart-mittee of the Canadian for Forward Silver advices re-spent $14,087,000. Tourists enter-ments and services Interested in tion ported the market as being steady

Canada from the ing

United tourist travel promotion, and Bureaus. · but very quiet. American Suver

States mostly, though not neces-

was quoted at 34.3/4 for Spot, sarily, all United States citizens HONGKONG SHARE QUOTATIONS

York

The London-New

cross- rate was quoted at 402.1/2. New York-London was quoted at-403- 1/2.

Quiet

MARKET

STERLING

There were sellers at 1/2.31/32 up to November, buyers at 1/3 for any delivery

U.S. DOLLARS

H.K. STOCK EXCHANGE

This week has witnessed an all round improvement both in res-- pect of prices and amount of busi- ness transacted. At the close de-

It

STOCK EXCHANGE

SHAREBROKERS'" ASSOCIATION

Bayer Bellers Balon

Sominal

FRIDAY 6 SEPT.

Banks

Впуск

Bellars

$1280/85...

H.K. Banks

£71 265 £6

- Opened with sellers at 22.11/18 mand and supply are unbalanced, with-small-business done sub- the former predominating. sequently at 22.3/4 for Cash would thus seem probable that un- followed by transactions at 22 til resistance point is reached, and 12/16 for Forward and near. The of which there are at present no $3773 market closed at 1 pm, with sell-signs, shares will further appre-

and 22 clate. ers at 22.13/16 for near

Further encouraging War $150 7/8 November, buyers probably at news following on that already 22.7/8 for Cash and 22 15/18 received, would undoubtedly act as 'November.

an added stimulant to the market.

SHANGHAI DOLLARS Opened with sellers at 425.1/2. The highest rate done

was 427.! The market closed at 1 p.m. with sellers at 426.1/2..

SHANGHAI MARKET Sterling opened with sellers at 3.31/64. The highest rate report- ed was 3.17/32. At 1 pm. sellers were reported again at 3.31/84 for Spot, US. Dollars opened at 5.9/32, The highest rate report- ed was 5.11/32 The last rate re- celved was sellers at a.5/16" for Spot.

AFTERNOON - MARKET

Quiet,

STERLING:

The market closed with sellers at 1/2.31/32 up to November, buy- ers at 1/3 for any delivery.

1.S. DOLLARS

Some business was done in the afternoon at 22.7/8 for the last AR11 day of October and also a business was done at 22.7/8 for Cash The market closed with sellers at 22.12/16 for forward and probably Cash, buyers at 22 7/8 for Cash'.

SHANGHAI DOLLARS

The market closed with sellers at 428, buyers probably at 429.

SHANGHAI MARKET

The market closed with sellers of Sterling at 3.31/84 and U.S. Dollars at 5.5/16 Spot.

Shanghai Exchange

Shanghai, Sept. 8. (Reuter).

Official TT Rates

"London

New York

Japan

India

Opening

BUSINESS DONE DURING THE WEEK

!

E.K. Banks, $1275, $1280, $1290,

$1295.

Bank of East Asia, $72.

Union Ins., $377

HK, Fire Ins., $150. Wharves, $87.

$110

211

$72

$1200

414

271

£66

$3774

Do. (Col. Reg:).....

Do. Lon. Reg.) .... Chartered Bankı .......

£28 Mercantile Bka. "A".

Mercantile Bks. "O":

Bank of East Asia...... N. C. & 8: Banks...

Insurances

$210 Canto Insurances......

Union Insurances................... Underwriter .........aga

H.A. Fires $145

Shipping

$100 Indo-Chinas (Pref.)... |

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

76.90 Waterbosts

10 ota.

$150

*w*

Douglases

| 811

Steamboats

820

26/3

Shells

:

$378

Beta.

100

4863

£11f

$79

50 st

·A

a

inducement. The n-

FEW ILLUSIONS

SHIUKWAN

these

economie in-

Continuing his spection tour of Free China, Mr. Tan Kah-kee, prominent Chinese industrialist of Singapore and Chairman of the South Seas Chin- ese Relief General Association, ar- rived in Shiukwan from Hengyang, Hunan, yesterday,

had a far greater stake, taking And again on the side of hope Independence DX for instance, approximately one for the future

have few third of her rubber from Dutch the Indies: the Dutch

usions. They are about as rea- plantations.

Now the Japanese militariata listic and hard-headed in politics ber of prominent local citizens and

Dersonal

He was greeted by a large num-

profess the greatest concern about as in business. the inviolability of this avenue of

The highest officials in the provincial leaders, including Gen- government ald counteral Ld Hon-wan, Governor of supply of

The Batavia waz essentials

оп the

Kwangtung, A dinner party in his 8210. Dutch, say they must "take ac- considerably

tive steps to guarantee the avall.friendship between the Governor honour was given by the repre ability of such commodities to general and the now fallen Japan-sentatives of various organisations

here last evening. Japan above all other reqntre-ese premier, Hachiro' Arita.. They ments-even those of Queen Wi-were once diplomatic colleagues at helmina's war ally, Great Britain Brussels. But when Arita fell this

But until recently the Japanese was discounted promptly.

offer de. had been unwilling to

3120

++

$10

$100

-

$100

29/0

$6.00

Docks, Wharves,

Godowns, etc.

#67

84,30

$4,20 $18.60

H.K, & K. Wharves... $87 Providenis

finite contracts or even pay for options. What they seemed want was a free "first mortgage. The canny Dutch businessman.

to

H.K. Docks (Old)..... $16 60

$4,90 $16/18.60

$16

$16

H.K. Docks (New)..

$18

$35

Shanghai Docks.......

$35

***

Mining

$15/0

Kailans

18/0

Providents, $3.90, $4, $4.20: Hotels, $3, $3.55, $3.60.

$9.55 Raabis

38.15

2 cta.

Lands, $29,80, $30.

Lands. Hotels and Buildings

Humphreys, $6.85.

Tramways, $15.55, $15.60, $15.70.

$3.65 $30

$31/ 3.60

H.K. & S. Hotels.

$34

#30

China Lights (0), $8,65.

3160

Electrics (O), $374.

$345

Electrics (N), $36.45." $36.40.

86.85

Macao Electrics, $17.

Docks (0), $157, $16.00, Docks (N), $16, $16.10, $18.

Telephones (0), $23. Cementa, $15.80, $16.10, $16) Dairy Farms. $17.95. Govt. 31% Loan (1934), 95,

BUYERS

Union Ins., $377,50, " HK, Fire Ins.. $150. Wharves, $87. Docks (0), $16.50. Docks (N), $18. Providents, $4.40. Hotels. $3.60. Lands, $30.25.

| $15 85

*

FORT:

841

Hong Kong Mines......

****** 03.40

$62

1.1

#31/13.65...

$100

841 $810

"We have no Illusions about economie Appeasement of Japan," said one of these officiats privately recently, When the war party" in

Japan is strong enough and · Europe is weak enough Japan will move against us. The American answer must be planes. We have more than bombers 100 Glenn Martin now. Bell us more.”

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 28 Words are inserted under this heading at a Pre-paid Rate of $1.50 for THREE INSERTIONS. If Charges collected, 82.00.

HOTELL

H.X. Lands............... $994 Do. 4% Debentures....

419-Shanghai Laad

H.K. Realties.... Ilumphreys

$101 Chinese Estates

Cotton Mills.

Ewo (8.) or loadin 9210 Shai Cottons (8.))

Zoong Sings (8.).-)

Wing On Textiles 18.1 $135

Public Utilities

H.K. Tramways... 216.65 $16.80 $16.70

Peak Tram

13.70 Peak Trams (new)......

Y'mati Ferrios...

WANTED KNOWN-

'VANITY" Mezzanine Entrance N. Lazarus & Co., Pedder Street.

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

RUSSIAN CUISINE

MORE POPULAR EVERY DAY

METROPOLE HOTEL

TEA DANCES

Tuesdays

Thursdays

Saturdays

Sundays

5 to 7.30 p.m.

$15.70

$7.40

Hr

(old)......

Star Ferrics...

$68

8911

93.05

China Lights (0)

$21 $6.70

38.70

83.80

China Lights (New)...

$3.70

$381

H.K. Flectrics (Old)... $38

$36

H. K. Electrics New)... $37

$17

Humphreys, $6.85.

$16 $11

Frams, $16.85.

Yaumati Ferries, $21,50.

8231

89.00

China Lighta (0), $7.

- Electrics (0),¦$38:25-~

Electries (N);: $36,75. *.

· Telephones (0), $24.

Telephones (N), $9,60.

Cements, $16.50.

Dairy Farms, $18:10. Watsons, $8.85%

Entertainments, $6,40.

Macao Electrion (Old):

Magno Electri" (Now)]

Bandakan Lights..........

Telephones (old)........ Telephones (now)....~ S'pors Tractions (Ord.){

---Indártcials

$14.50 Cald., Macg. (Ord) S.

$12 Cald., Macg. (Prel 18.

Canton Ice......

Camantser

H.E. Ropes

48

4.

#

50 oba

$16.10//40

1100

$95

$28}/180

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 6 months For Term and Par- €0.10

ticulars. Please Apply to:-Box No. 463 c/o HKD.P.

WANTED TO BUY

WE OFFER HIGH PRICES for

of

articles, any amount gold diamonds, Jades, etc. No holidays, Apply China Building. 7th floor, Tel. 30727. Eurasia Gold Retning

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

FOR SALE

A selection of the best varieties of RELIABLE & TESTED

FLOWER AND VEGETABLE SEEDS

From

Messrs." Buttons" & Sons, Reading. Messrs. Atlee Burpee & Co. Philadelphia

Wanted to Buy 2nd Hand Type Messrs Arthur Yates & writer in Good Condition. Please

Sydney $2.20 apply to Box No. 464 c/o The

HKDP.

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 HK.DP

Etas

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

- GRÁCA & CO.

No. 10 Wyndham Street “P. O. Box 629 Hong Kong.

ENGRAVERS

FEI FEI & CO. Photo Engravers 18, Cochrane Street.

Telephone No. 22224-

UCTIONLEES

GRLATEST COLLECHON (H BARGAINS IN TOWN)

LAMMEETS AUCTION POOM

Jimmy's

#1at

818.10/18

0/3-3/8

#1

-D

5

·ER. Govt. Loans

21-1/4

899 4% Loan

205

18-5/8

305

Hongkong

Sterling

22-3/8

*SELLERS.

,

(1984).... 131%

(1940).... 137% *

Miscellaneous

8p01

Sept.

Oct

Spot

Sept.

U.S. Dollars

$5-9/32 -$6-5/16

5-9/32

Sellers

Opening Closing 0/3-31/64 0/3-31/64. ...0/3-31/04.0/3-31/64

0/3-15/32 0/3-15/32

HK. Fire Ina, $150.

China Underwriters, 10 cta.

$18,10

$17.95

SALES

HK. Govt. 31% Loan (1934), 95.

· 1

HK. Banka, $1290

Union Ins,' $377,50. |

Dairy Farms

$6.60 Entertainments $1.60 Constrictions. (eld). Constructions® (NÓW},

$7.45 Lane Crawfords.........

$2.15 Sinceres

$18

48.20 Co.

$1.85

Nanyang Tobacco......

13+

Watanna

$8,80

Docks (0), $16.80/90..

35

Ch.-G.5% 1925G $Hds.

5-6/16

Providents.- $4.50./

$39 1.K. Wing On

35°/ 30

Oct

i, 8-1/4

5-9/33

Hotels, $3.60/65.

S'hat Wing On

Market: Quiet.

Trams. $16.

8/9

China Lights (19). $410.

Calcutta Exchange

Calcutta, Sept. 5 (Reuter), T.T. on Japan; 81-1/4.

Watsons, D.

Cements, $16.40/50,

Vibro Filing

Marsmans Inv. (Lou

4/0 Maramans Inv. (HK)

Powel

+Hale to Shanghai,

Realties, $3.65/3.80,