1940-09-13 — Page 9

HONGKONG DAILY PRESS

Finance and Commerce

Chinese Rally Behind Co-operatives: Working

હૈ

For Independence

Fully realising that the Chinese Industrial Co-operative ad-" · ministration in Chungking is working for the industrial develop." ment of China against the day when she will have to be inde-

·pendent of Japan. not only politically, but also financially, Chi- nese at home are rallying behind the industrial co-operatives and those abroad are co-operating with donations, according to Rewi Alley, chief adviser to the Chinese Industrial Co-opera- tive Administration, reports the Manila Bulletin.

Mr. Alley spoke before a meet- stabilizing forces in the world, he Ing of members of the Philippine declared, predicting that the war Association for Industrial Co-which has lasted three years may operatives In China "held" at the last another three years or more U.S. High Commissioner's resi-if the Chinese are given the dence on Dewey Boulevard.

CANADIAN

LUMBER EXPORTS GAIN

FINANCE & GENERAL

Bricks Replace Sandbags: London Finds Them Cheaper & More Effective Protection

London is rapidly, losing all Its ŝandbags, and the standard practice is now to use brickwork or hollow concrete blocks filled with sand for the protection of windows, doors and similar apertures,

This looks much neater although In some cases the sand- bags have been completely enclosed in wooden shuttering, This, however, is not a good method, since apart from not being fire- proof it uses up valuable wood whereas there is abundance, of bricks and concrete, especially because of the enormous slump In the building industries,

Although international trade channels have been seriously dis-

The Home Office A. R. P. De- Thus at Wandsworth the stand- rupted by war conditions, exports

partment have announced that ard method has been for these of lumber from Canada have

the standard protection can be basement shelters to build barle been increasing. During the nine obtained from 13 of brickwork, walls of 9" brickwork in front of month period from Sept. 1, 1939, 15 of concrete, or 12 of 2-way the entrance and exits when these to May 31. 1940, exports rose to

reinforced concrete, and there is are below the ground level, büt 1,550,000,000 board feet, an increase very much to be said for the use when above ground the standard or 144,000,000 board feet over the of bricks, which requires no steel-has been adopted of a 134 wall. corresponding period in 1938-38. work, occupies A very small Incidentally it has been general, Shipments to the United King-amount of floor space, is lighter at Wandsworth, as in other places, dom, chief market for Canadian than concrete and can easily be that brick protection of this type lumber, increased from 724,000,000 bonded into existing buildings as is considerably cheaper to erect to 805,000,000 board feet, and support. Further, brickwork has than sandbags, which to give similar protection have to be 2' 6" other Empire countries Increased a definite salvage value. their purchases from 183,000,000 to Concrete, however, is also being thick, the labour costs being con- 213,000,000 board feet.

used to an enormous extent, and it siderable. Exports to the United States is particularly valuable in the Altogether the sandbag is in showed a gain of 70,000,000 board shape of sections for the con- very bad repute and certainly the feet, but shipments to all other struction of A. R. P. shelters below damp and difficult climate

countries foreign

declined by the ground level either in the Great Britain has played havoC 37,000,000 feet. The value of ex-form of reinforced concrete arch with the jute fabric. He said that China had come to

from sections or of the flat roof type realize that it must industrialize He said Indusco expects to pro- ports to all countries rose or perish. Communities once in-duce 1,000,000 blankets for the $30,000,000 to $39,000,000, an in- with reinforced interlocking roof dustrial had abandoned their army this winter, aside fromcrease of 30 per cent. trades owing to importation of leather equipment, dyes and medf Japanese manufactured goods, he cries.

HELP APPRECIATED. In his speech he expressed the organization's appreciation for the help being given by the local asso- ciation and expressed the hope that within the year membership In the organization would be in creased ten times.

means with which to carry on.

He also declared that China re-

gretted the closing of the Burma road but that hopes were enter- tained this would be reopened.

Most of his speech was devoted to a report of the activities of the Indusco from its organization in 1938, its functions and the manner it carries on.

units.

Shelters of this kind are quickly erected ana require no special stated, but with the Indusco (in- He reported there were "sufficient 250.000 persons dependent upon skilled labour, whilst when cover... dustrial co-operative) the Chinese raw materials, expert technicians, the organization for their livell-ed with earth of 2/3 thickness they are completely splinter-proof. government is exerting efforts to cheap power in the form of water hood." Industrialize Chinese communities wheels, and industrious labourers. The organization produces near- and shock-proof.

17 $9,000,000 REMARKABLE PROGRESS..

worth of goods and to give employment not only to families of Chinese soldiers but: He also reported that at present monthly, he stated, and while this also to disabled former service there are nearly 2,000 small co-represents a small part of the ground shelters have been con-

operative factories and workshops, Chinese trade, the progress achiev-structed in A free China is one of the most 135,000 Indusco members and about led is remarkable.

men.

UNDERGROUND SHELTERS

An enormous number of under-

other London, and large cities, and some interesting detailed Information for example has been made public with regard ;

of

FRIDAY, SEPTEMBER 13, 1940. -PAGE 9

SAY

Gordon's

and know what you're drinking/

GORDONS

DRY GIN

DISTILLERY. LONDON

NO COLOURING MATTER

NO INJURIOUS INGREDIENTS

Amended Regulations In Canned Food Act

:

Several changes in the regulations under the Meat and Canned Food Act werɛ pablished in the July 20 issue of the Canada Gazette. The new regulations governing the standard- Bation of containers will not be effective until January 1, 1941. After that date all imported food products must comply with the regulations for standard containers.

LONDON GOLD

London, Sept. 11 (Reuter).' Bar Gold, Fine per oz, 168/-

has been made with regard to products packed in water. The words in water" must appear in the markings or label.

DRAINED WEIGHT- Other alterations in the regula- tions include a change in the Standard containers for food grade of the product. It is the drained weight of loganberries; products offered for sale in natural colour of the fruit and in preservative permitted in fruits

HONGKONG SHARE QUOTATIONS MARKET REPORT making shelters of the existing Canada apply to the following: no case should the change be intended for re-manufacturing

STOCK EXCHANGE,

Buyers Baller Sales Noming

#

SHARYBROKERS' ASSOCIATION |

THURSDAY

Видра Ballers Sales Bola! {.

12 SEPT.

$1305] A.K. Banks

Mercantile Bka. "A".

Insurances

4+4

€73 £60

£at

FROM ROZA BROS.

Thursday, Sept. 12. The price for Ready Silver drop-

ped 1/16 yesterday to 23.7/18 but the Forward rate was unchanged $1306 at 23.7/16. Sliver advices reported a quiet market with very little business done. American Sliver was quoted at 34.3/4 for Spot.

The London-New York cross- rate was quoted at 4021/2 New York/London' was quoted at, 403,

MARKET

STERLING

...£11 1/10

⠀⠀

9.

360 shelters.

for

cellar. type in Wandsworth, the fruits in syrup or water, namely; construed as an artificial colour. purposes; percentage of salt in

apricots, berries,

GRADES CHANGED

sauerkraut omitted; aspargus cut- largest borough in London, which applesauce,

Grades for apple sauce have tings which conform in tenderness has provided basement shelters for cherries, crabapples, fruits nearly 30,000 people, being about salad, grapefruit, peaches, pears, been changed: grades for apple to the "Tips' defided in the re- plums, prunes and rhubarb; solid juice have been established, and gulations may be added to frozen One of the main points of these pack fruits other than apples: ap- also for evaporated and dehydrat-asparagus grades, and frozen peas basement shelters is heavy rein-ples, apple pie filler; fruit and ed vegetables; changes have been may be labelled "Peas for Soup forcement, with steel, wood or namely, beans (green, wax, lima); and dried apples; and the mois-pose, upon sale to licensed estab vegetable julces; vegetables,made in the grades for evaporated Stock," of packed for that pur- concrete, in case of collapse, or

beets, cabbage, carrots, cauliflower, ture content of dried apples has lishments for re-manufacturing "partial collapse, of the building.

lowered. The During this work at Wandsworth corn (cream style or in brine); been

Standard purposes. over 5,000 cellars and basements Peas, potatoes, pumplein, sauer- Quality grade of pineapple has Concerning the import regula-

kraut, spinach and other greens, been eliminated. were surveyed. and eventually

tions, there are several changes in about 800 were left for possible and succotash; asparagus, beans No colour can be used in canned Clause 20. "No person shall import

style): conversion into public air raid (asparagus

mushrooms. fruits and vegetables, but in jams, nor shall Collectors of Customs tomatoes, tomato shelters, although about 560"were

paste,

and fellles, and pickles, artificial and Excise clear any importation tomato pulp and puree."" finally chosen.

In this connexion the basement With further regard to toma- shelter, to be safe, must include toes, calcium chloride, if declared. the provision of a second exit, suf- may be used to firm tomatoes but ficient head room, over 6' 6," a in no case more than 0.05 per Opened with sellers at 22.9/16. reasonable accommodation capacent. of the weight of the finished buyers bidding 22.11/18 leading city, and absence of such objec- canned product. to business at 225/8 for Cash tionable neighbours 36 heavy A change is made in the tomato followed by transaction at 22.9/ machinery or safes overhead and juice colour requirements, This is In the regulations concerning less than one-half gallon capa-

chemicals or 18 for near and 225/8 November, of

inflammable a definite improvement to the labels and markings, an addition | city.” $4.20 buyers at 22.5/8 for Cash.

material Generally the Ideal basement shelter is small, that-is with accomodation for not much more than 50-68 people.

There were sellers at 1/231/32 up to November, buyers at 1/3 for any delivery.

U.S. DOLLARS

Banks

£7%

Do. Col. Beg.)

+1

£66

Do. (Lon. Reg.)

Chartered Banks

27

eu VIR

Merenmile Rks. "C"'-

372

Bank of East Asia......

179

N. C. & 8. Banka..

60 ot.

1/2,

$193

Canton Insurancea.................

$200

$395

Union Insurances...] $398

8410

10 cta.

Underwriters

beta.

Quiet,

$150

H.K, Fires....

$100

Shipping"

$120 Douglasen

$120

Steamboats

$10

$100

Indo-Chinas (Prof.)...

$100

$80

Tado-Chinas (Dot.).....

$100

Shells

30/3

$6.90

Docks, Wharves,

Godowns, etc.

At

HK, & K. Wharves...

880

$4.15 $161

Providents

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

$17

10

F.K. Docks (New)...........

$18

#35

-$38.

Mining

15/0

15/0

L

**

$91

$3.80

#301

36/3

$6.90 Waterboats

+Shanghai Docks.

Kailans

$9.55 Raubs .........

1 ots. Hong Kong Mines.

$8.16

Lands, Hotels and Bulldings

HK. & A. Hotels.......

H.K. Lands.

$100 Do. 4% Debentures....

$13

Shanghai Lands.......

H.K. Realties.....

Humphreya

$101 Chinese Estates....

841

Cotton Milla

Ewo, (B)

$210. S'hai Cottons (8.)........)

Zoong Bing (8.).................)

Wing On Textiles (9.)) $125

Public Utilities

$15 315,60 816 80/85. H.K. Tramways..

$7.40 Park Trama (old)-

$2.70 Peak Trams (new)...

Star Ferries

Y'mati Ferrion...

358

$211

$371 XD

科

D4.

SHANGHAI DOLLARS Business was done early in the morning at 429. Later the selling rate receded and business WAS for done at 427.3/4 and 427,1/2 Cash. The market closed at 1 p.m. with sellers at 427,

For the internal strutting and protection against collapse of the building in addition to concrete both timber and steel are used, as already indicated although timber SHANGHAI MARKET Erratic. Sterling opened with a rapidly becoming scarce, and it sellers at 3.31/64, The lowest rate is necessary to economise In steel. Concrete, therefore either mono- touched was . 3.15/32 - for "Spot. $3.85 The market closed steadier with thic or in the form of blocks, is sellers at 3.1/2 for Spot. U 8 of obvious value, although not

more so than bricks.

$3.56

$30

3100

$15.90

$7

8417

210

Dollars opened with sellers at 5.1/4 and then receded to 5.7/32 for spot. The market closed with

sellers at 5.14 for Spot.

AFTERNOON MARKET

441

Quiet.

S**:

$30

8211

Chins Lights (0)...........) China Lights (New)....

#7 $4.10

H. K. Elgetrics (Old)..

$37+

$37

H. K. Electrica(Naw)

#37

$17

Macao Electrics (Old)

$18

$13

$1

$16 $16.80

196

$18.35

$15

13+%

mă din

Macao Electrics (New);

#11 Bandikan Lights.........

IM

Telephones" (old)---] Telephones (new)................... S'pore Tractions (Ord.)] Industrials

$14.90) Cald., Macg. `(Ord.) 8.}{

Cald., Macg. (Pref.)8.

Canton Icas...

Cements

HK: Boper

H.K. Gort. Loss

$94% Loan

$95- 3%"

(1984)

(1940)..

Miscellaneous

Dalry Farms......

Entertainmente funk

$1.80 Constructions (old)

Constractions (now}.{

$7.44 Lane Crawfords

Nanyang Tobacco.......

$2.16 Binceras

daarmed

Ch. G.5% 19250$da

ILK. Wing On

B'hai Wing On

Vibro Piling.......

Maramans Inv. (Lou,)

4/0 Marmaris Inv. (H.E.)

Win. Powells (AZAL +Bale to Shangha

|100%.

$8

35%

#39

Watsons

018,40

$8.65.

BEZERRESLER

6241 $9,65

130 sta #161

800

$1.85

STERLING

The market closed with sellers

at 1/2.31/32 up to November, buy- ers at 1/3 for any delivery.

U.S. DOLLARS

at

A small business was done 22.5/8 for the end of October The market closed with sellers at 22.9/16 for near and probably 22. 5/8 November, buyers at 22.5/8 for: Cash,

• SHANGHAI DOLLARS Dropped at the opening to 42 Subsequently business was done ́at: 423, and 424” The market closed with sellers at 423,1/2 buyers at 424.

SHANGHAI MARKET Sterling opened with sellers at 3.17/32 and closed with sellers at 3.33/64, US Dollars opened with sellers, at 5.5/18 and closed a shade lower at 5.9/32 for Spot.

HONGKONG

SHAREBROKERS

ASSOCIATION

H.K. STOCK EXCHANGE

The day was featureless.

BUYERS

HK Banks, $1290. Union Ins., $395. HK. Fire Ins.,^ $150. Providents, $4.15. Humphreys, '$8.80. Realties, $45. | Star Ferries. $50. Telephones (N), $8.75,

"SELLERS"

Hotels, $3.60 Lands, $30.75. Telephones (0), $2£25. Cements, $16.60. Watson, $9.10.

SALES

Lands, $30.75. Tramis, $15.80. Hectrics (0), $37.65 XD:

Australia To Build Up Security Stock

■

colours are permitted, if declared of food or food products subject- on the label.

to the regulations if of grade The venting of cans is prohibit- (standard of quality) declared or ed. The veriting of cans is con-determined to be below the mini- sidered" a bad course of practice, muin grade established in these because cans that require venting regulations for such product ex- are invariably poorly processed as cept for re-manufacturing pur- a result, of hydrogen swells,

poses and in containers of not

PRE-PAID ADVERTISEMENTS.

The following classes of advertisements, are charged at: the price given below z~~~ 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-pald Bate of $1.50 for THREE INSERTIONS. if Charges collected, $2.00.

WANTED ENOWN

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- ticulars. Please Apply to:-Box No. 483 c/o HKDP.

WANTED TO BUZ (

WE OFFER HIGH PRICES for any amount of gold articles, diamonds, Jades, etc. No holidays. "Apply" China. Bülding, 7'da 'doors" Tel. 30727. Eurasia Gold Refining Co.

HOTELS

RUSSIAN CUISINE MORE POPULAR EVERY DAY

METROPOLE HOTEL

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

FOR SALE

Wanted to Buy 2nd Hand Type- | A selection of the best varieties of writer in Good Condition. Please RELIABLE & TESTED apply to Box No. 464 c/o The HRDP

"FOR SALE

For Sale Fifty sets of Jubilee and Coronation Stamps 1st day Cover.

FLOWER AND VEGETABLE....

SEEDS

From

Messrs. Suttons & Sons, Bending. Messrs. Atlee Burpee & Co, Philadelphia Sydney

What offer? Please apply to Box Messrs. Arthur Yates & Co., Ltd.,

LONDON, Sept. 12 (Reuter) No. 465 c/o The HE.D.P. The Australian Department of Volume of Eusiness Transacted supply is to build up security on Thursday, Sept. 12, 1940. stocks of raw materials to the

Wetsons.

LONDON, Sept. 12 (Reuter)

The Spanish Minister of the In- meleget terior, Senor Berrano Super, will

$2.20

19.

-25%

$39

$14

AB AB Watsons

500 $ 9.00 value of £10,000,000, according to 500 $9.00 Sydney Radio,

HK Electrica (0),

Industry

1.100

100 37.65 This will be sufficient to keep shortly visit Germany at the going for nearly 12 Invitation of the German Goy- months in the event of interrop-lernment, according to the Ger tion of seaborne communications, man offcial news agency,

The total value, is $12,755.00.

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

GRACA & CO.

No. 10 Wyndham Street

1. 0. Box 630 Hong Kong,

TEA DANCES Tuesdays

Thursdays

Saturdays

Sundays

p.m.

5 to 7.30

ENGRAVERS.

FEI FEI & CO. Photo Engravers

18. Cochrane Street, Telephone No. 22224,

AUCTIONEERS

ORLAÐST COLLEY JRN ON

BARGAINS IN TOWN!

LAMMERTS ALOIDN BOUM

Jimmy's