1940-10-22 — Page 9

HONGKONG DAILY PRESS

LAMMERTS AUCTIONS]

PUBLIC AUCTION.

HE Undersigned have received

Instructions

THE

to sell by

PUBLIC AUCTION

Wednesday, the 23rd October, 1940

commencing at 10.30 a.m.

at No. 37, Nathan Road, Kowloon

(Top Floor),

A QUANTITY OF VALUABLE .. HOUSEHOLD FURNITURE

On View from Tuesday, the 22nd October. 1940.

Terms: Cash on Delivery.

1

BIG INCREASES IN EGYPTIAN REVENUE

T

ITALIAN CLAIMS

CONTRADICTED

FINANCE & GENERAL

TUESDAY, OCTOBER 22, 1940. -PAGE 9

Finance and Commerce SAY

Kwangsi Co-operative Enterprises

MARSMAN'S PROFITABLE YEAR: CAPITAL REDUCED: ACTIVITIES RESTRICTED

A decision renshed by the Directors of Marsman Hengkong China, Ltd, to follow, in view of the limited business available, a policy of retrenchment and to discontinue for the time being efforts and money heretofore expended on future business, waa referred to in his speech before the Third Ordinary General Meeting of the Company, held yesterday morning at the Cam- pany's Offices, Hongkong and Shanghai Bank Building, by the Chairman, Mr. Jan Hendrik Ma raman.

CAIRO, Oct; 21, (Reuter)—Duz- ing the past five months railway revenue in Egypt has increased ́by" £239,000 and harbour dues by|

KWEILIN, Oct. 21 (Central)— €172,000 because of the arrival of Rapid progress has been made in troops and war material from the the development of co-operative British Empire.

enterprises in Kwangsi, Figures such as these not only The latest statistics show that show that both the Mediterranean there are 16,000 credit co-opera- and Red Sea routes are complete- tives, mutual aid societies, and ly under..British control, thus con- tarmers' credit loans agencies Following the meeting, an and E. R. de Vos, directors, Messrs. tradicting Italy's claim that Egypt with a total of more than 500.000 traordinary General Meeting was G. A. Pentreath, J. M. Noronha, is blockaded, but prove that the members. Loans extended amount held when a special resolution was W. Brown, G. C. Dankwerth, W. F. wheels of commerce and industry to approximately $13,000,000. continue to revolve smoothly.

1

In support of the Economy Savissed that the capital of the Carman and J. M. 8. Lloyd (Secre-

the

Company be reduced from £500,-

DIRECTORS RE-ELECTED

This is explained by the fact ings Movement founded by Gener-000, divided into 1,000,000 shares that what little Egypt is losing alissimo Chiang Kai-shek the co- of 10s. each, to £250,000, divided from reduced external trade she is operatives are

At the Ordinary General Meel- enthusiastically into 1,000,000 shares of 58. each picking up locally. it being es-buying

Economy Savings and that such reduction would be and Mr. B. W. Mason were re- Ing. Major Adolphus Beckerleg timated that about £500,000 nor-Bonds:

effected by cancelling capital elected to the Board of Directors mally spent abroad now remains at home, while Britain is spend- ing £2,000,000 annually in Egypt for the maintenance of her forces and for other war purposes.

COTTON TRADE

is true the local cotton trade

LAMMERT BROS., has been hit by the war but Bri- tain has helped to relieve the situation by purchases amount- ing to £3,000,000.

AUCTIONEERS"

ཊྛུ ཐ

In the meantime the Egyptian

ing the economic situation. Re- cent precautionary measures in- clude the allotment of funds for THE Undersigned have received the protection of reservoir catch-

instructions

ments in the event of air raids and also the careful nursing of stocks of commodities.

PUBLIC AUCTION. Government is carefully watch.

to sell by

PUBLIC AUCTION

on

||

Steps are also being taken to swell the country's coal reserves. With this end in view the State

HONGKONG

SHAREBROKERS

ASSOCIATION

Volume of Business Transacted on Monday, 21st October, 1940 SALES

H.K: Banks China Providents.... H.K. Tramways

Matthews were

which has been lost, or is unre-

on the proposal of Mr. W. Brown, presented by avaliable assets, To

seconded by Mr. G. C. Dankwerth. the extent of 3s. per share upon | Messrs. Lowe, Bingham and each of the 656.676 shares which have been issued,

re-elected Audi- and, are n07 | outstanding, and by reducing the tors. Mr. J. M. Noronha" proposed nominal amount of all the shares, and Mr. W. Brown seconded.

The Chairman proposed the in the Company's capital froin

adoption of the Report and State- 10s. to Bs. per share.

ment of Accounts, and Mr. ̧0. A. Pentreath seconded.

20 $1,230.00

The resolution was unanimously, 168 4.40

15.85 passed by the vote of all the share- 15.85 holders present, representing. 80 16.00 per cent of the total shares 23.75 Issued. Mr. G. C. Dankwerth pro- 6.90 posed the passing of the special and Mr. W. Brown

500 200 1,000

200

201

100

951

405

3,544

HK. Telephones (0) China Lights (0) China Lights (N)

The total value is $65,593,10.

6.40 resolutian, 6.50 seconded,

Those present were Mr. Jau Hendrik Marsman, Chairman, Messrs. S. H. Dodwell, T. B. Wilson

Railways have decided to purchase HONGKONG SHARE QUOTATIONS

6.000 tons of coal from Natal at Friday, the 25th, October, 194018/9d. a ton, to be delivered in Egypt at a freight rate of 70/- a commencing at 2.30 p.m.

at their Sales Room, No. 35, Han- kow Road, Kowloon.

A QUANTITY OF VALUABLE HOUSEBOLD FURNITURE.

comprising:--

Teakwood Drawing Room, Bed Room, Bed Room and Office Furni.. ture. Cutlery, Carpets, Rugs, Pic- tures, Curios, Ornaments, Clocks, Gramophones and Records. E. P., Brass. Porcelain, Glass and Aluminium Ware, Tea Sets, Electric Lamps, Fans, Cooking Utensils, etc., etc.

also

A QUANTITY OF "BLACKWOOD AND RATTAN FURNITURE

W and

One 5 str. "Durant" Motor Car

ton:

Prevention Of Post-War Slumps

LONDON, Oct. 21 (Reuter- Many Commoners are already thinking how to prevent violent post-war slump. such as marked the years immediately following the last war, Reuter's Lobby Cor- respondent learned "today.

When the House next meets the Minister for Economic Warfare will be asked whether he will' consider approaching the Governments of the Dominions, the United States and the South American Republics with a view to forming a Price Equalisation Corporation to buy up surplus raw materials on the world markets and unload them gradual- ly after the war in order to prevent

On View from Thursday, the 24th violent slumps.

October. 1940.

-Terms: Cash on Delivery.

LAMMERT BROS.

AUCTIONEERS.

SUNER MEETS HIMMLER

LONDON, Oct, 21 (Reuter)

EASTERN GROUP CONFERENCE

CALCUTTA, Oct. 21 (Reuter!-- The Australian delegation to the Eastern Group Conference led by Sir Walter Massy-Greene, arrived in Calcutta by alr yesterday and will leave today for New Delhi where the conference," which wLS called to co-ordinate war supplies in the Empire, opens on Friday.

Some members of the British

ASSOCIATION

STOCK EXCHANGE,

Buyers

Bellars

Sales

Noutral

SHARE BROKERS'

MONDAY 21 ОСТ

Banks

Bar

Ballara

$1220

£67

£80

193

872

H.K. Banks

Do. (Col. Rag.)

Do. (Lon. Reg.). Chartered Banks

26 Mercantile Bks. "A"

£10 Mercantile Bks. “0′′.

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

Insurances

#185 Canton Insurance......

Union Insurances............... Underwriters

$160 H.K. Fires...

8120 Douglases

$385

$387

$1

$4.45

8301

Senor Serrano Super, Spain's Ministry of Supply mission head- $15 new Foreign Minister, had a talked by Sir Alexander Roger also with Herr Himmler, Chief of the arrived in New Delhi yesterday German Secret, Police, who arrived in Madrid today.

COLONEL KNOX ON TRIPARTITE PACT

Buner accompanied the Ger- man to the World Palace where be

General Was received by Franco who, according

WASHINGTON,, Oct. 21 (Reuter)

$16

Shipping

$11

Steamboats..

$100

Indo-Chinas (Prof.).

830 36/3

Indo-Chinas (Def.)

8650 Waterbosts

**

Shells

Docks, Wharves. Godowns, etc. $809) 1.K. & K; Wharves...

Providents............................ $15 HK: Docks (Old)..... $181 H.K. Decka [New)..... $99+Shanghai Docks.....

Mining

111/0 Kailans.....

$91 Raubs

1 cts, Hong Kong Mines..... Lands, Botels and Bulidings

$3.30 HK. & S. Hotels.......

Bales Mononi

=:

CHAIRMAN'S SPEECH Addressing the meeting. the Chaliman sald:

Gentlemen:-You have received Directors and the Report of the Statement of Accounts and with your permission I will take them as.read.

As the Accounts are covered rather fully in the Report, I do not feel it necessary, to make any *urther "extensive comments them. The profit for the year amounted to. £5,715 and although this is not a large sum it indi- cates a turn for the better in the | Company's affairs.

Your Company holds FL. 374,000 par value of shares in Marsman's

$1296 Algemeene Exploratie Maatschap

pij, of which FL. 190,000 were re- ceived free in connection with the 528, acquisition of the Allen skuvial

gold property. We have

£87

580

£87

£10 872 30 ct.

$185

$380

$150

FK Lands............ #30)

$ICO Do. 4% Debentures...

#10

Shanghai Lands........

£3.40

H.K. Realties.

$7.10

Humphreys

$100 Chinese Estates........

Cotton Mills

$37) Ewo (8)

9181 S'hai Cottons (8.)...)

Zoong Hings (8.)...................!

Wing On Textiles (S.).

Public. Utilities

H.K. Tramways...

$7.40 Peak Trams (old)....

$3.70

859 Star Ferric......................................

..:

7'mati Ferries.......... || #29)

China Lights (New)...] $6.40 H. K. Electrics ('Old3.....} #861 ¡H, K. Kloetiiex(New)... | #38)

$17Macao Electrics (Old)

Peak Trams (new)...

$64

Be

China Lights (0)

Bes

$38.30 $38

$201

$16

$11:

a special Navy Day message, urges servicemen to keep the United States Navy strong, efficient and ready in this

$23.

>

tory."

to the-Colonel Knox, Secretary for the

Lyons Radio, had a conversation Navy. in lasting an hour with him.

REARMAMENT PLAN serious-time-in-the-nation's-his-

IN ARGENTINE

The outspoken alin of the re- LONDON, Oct. 21 (Reuter)-The cent tripartite pact, he added, was #154

all Argentine Government, it was stat-application of

pressure on

ed in Buenos Aires yesterday, is to nations not at war, including the Institute a five-year rearmament United States: plan which will cost about £82,- 500,000,

Argentine will acquire the most

modern equipment for her Army,

Navy and Air Force, The orders will be placed in the United States but it is hoped to build an arms indus try in the Argentine itself.

U.S. CONSULAR

TRANSFER

FOOCHOW, Oct. 21 (Central). Mr. Robert B. Ward. US Con in Foochow, will be transferred to Hongkong as Consul. He is leav ing for the British Colony “toward the end of October,

LONDON, Oct. 21

(Reuter-A

LONDON, Oct, 21 (Reuter). The Berlin radio report that "the American Embassy in London hás moved to another city is denied compulsory black-out was started here by an oficial who said, "We in Bucharest last night and will are still doing business at the continue every night, it was stated sold stand."

in Berlin

⠀

$8.80

#8

Macao Electrics (New) Sandakan Lights.............. Telephones (old).............

3,10)

38.30 Telephones (new)....... $8.30 S'pore Tractions (Ord.) Industriais

$14.80 Cold, Macg. (Ord:) B: Cald., Macg. Pref.13.1

#12

$1

$0.30

Canton Ice.

Cements ......

H.E. Roper

́ ́HK, · Govt., Loans

899 4% LOGI

#95 91%

(1934)

(1940) Miscellaneous

30 lots.

$154

Gordon's

and know what you're

drinking/

GORDONS

DRY GIN

·DESTILLERY. LONDON.

NO COLOURING MATTER

NO INJURIOUS INGREDIENTS

H.K. STOCK

EXCHANGE

With a steady undertone ad- vanced prices were paid for Banks and Telephones.

BUYERS H.K. Banks, $1,220, Unions Ins., $385. Lands, $30,25.

Realties. $3.25. Elèctrics (Old), $36.30. Telephones (Old), $23. Cements, $15.75.. Entertainments, $6.40.

SALES

FURTHER AID FROM AMERICA

American aircraft are now reach-

LONDON, Oct 31 (Reuter)

ing England in hundreds and the number will steadily increase next year, said Lerd. Lothian, in short speech immediately on land- ing in England from America". via Lisbon,

American.

rearmament was rapidly getting into its stride said, and American opinion now realised the necessity of backing

H.K. Gort, 31% Loan (1934), $95 | up Great Britain, A tremendous HK. Banks, $1,230.

Unions Ins.. $387,

Trams, $15.85/95.

Lights (New), $5.40.

Telephones (Old), $23,75.

impression has been created in the United States by the way the public is taking the London rates) Lord Lothian expects to remai In England about three weeks. He will have a few days holiday in Scotland before returning to Lon- don for consulations with ả thê Government.

every approximately two months later.

The Mangani gold lode property kas Been in operation since Mây and is now milling 200 tons per PRODUCTION SPEED-UP day with satisfactory results. Now

LONDON, Oct. 21 (Ruter) sections of the mine are yieldingThe United States army has ask

reason to belleve these shares are worth par value, but, adopting a conservative policy, a fifty per centum reserve has been provided against the free shares.

This particular property contains higher values and operations

at

3 very large area of dredging should soon be on a profitable ed American aeroplane "factories 8120ground, and testing work is well basis. The Nederlandsche Indische to do 24 hour shifts, sald Lord" in hand with satisfactory results. Handelsbank Batavia and Lothian in an interview shortiv Two 6 cubic feet bucket dredgers ( associates have advanced) Fafter his arrival in England, are being assembled, the first of, 1,350.000 for the development of 88.00 which will be in operation early these two properties.

Binn

$100

28/3

$28

84.58

$154

$154

94

14/0

$3.30

$100

$3,40

17

$3:4" #190

$125

#16

28

$4

359+

295

in the coming year and the second

Cont. on Page 11 Col. 4

The British envoy to America added: "I think the factories are doing it."

PRE-PAID ADVERTISEMENTS.

The following clauses of advertisements “a?g 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, $2.00.

WANTED TO BUY

WE OFFER HIGH PRICES for any amount of gold articles, diamonds, silver, etc. No holidays. Apply China Building, 7th floor. Tel. 30727-Eurasia Gold Retning Co.

HOTELS

RUSSIAN CUISINE

MORE POPULAR EVERY DAY

METROPOLE HOTEL

TEA DANCES Tuesdays

Thursdays

Saturdays Sundays

'5 to 7.30 p.m.

We pay high prices for all, Cold & Silver articles, 'Diamonde, 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 oner? Please apply to Box No. 465: c/o The HKD.P.

ENGRAVERS

FEI FEI & CO. Photo Engravers

18. Cochrane Street, Telephone No. 22224, -

Casa S'hai Wing On 2... Vibro Piling

panang 8/10 Marautans Inv. (Lon." 2/9... Maramans inv. (H.K.)

Wm. Powell

+Bale to Shanghai

WANTED KNOWN

ORDERS TAKEN for hand-made sweaters, Ladles Jumpers, Bables outfits, etc., at $5.00 each for workmanship.

Wool and model desired, to be 98), supplied by customer.

Bend particulars of address, etc. to Box 502. H.K.D.P.

The "WE" have an outstand- ing, assortment of latest American dresses for all occasions and price to suit all purses. Call at "Vanity $2.20 Shop" (Lazarus) Pedder Street.

Experienced Book-keeper Wants Students to form a class. Guazan- 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 H.K.D.P.

YOU

Are Invited to Inspect. Our

Stock

Asiatic, Foreign and

Colónial!

POSTAGE STAMPS In Sets, Single, Packets. Bage and in Approval Bheets.

GRACA & CO. Dealers in Fostage Stamps. Philatelic Goods, Picture Postcards, Religious Goods, Garden Seeds, &c etc.

No. 10 Wyndham Street

Hongkong. P. O. Box No. 620.

AUCTIONEERS

GREATEST COLLETION OF BARG MNS IN TOWN!

JAMMERTS

ALCATON ROM

Jimmy's

880 31

$17 Dairy Farms.

#17

171

$6.80 Entertainments

$1.60 Constractions (old)

$1. Construction (now}...]

$7.45 Lane Crawfords

$7

Nanyang Tobacco....... #3}

$4.18 Sinceres

35%

Ch. G.5% 1825GSBds

$39

I.K. Wing On

Wilsons