1940-10-29 — Page 9

HONGKONG DAILY. PRESS

Finance and Commerce

REINDEER RANCHING Livelihood

1

AMONG ESKIMOS

With a fawn increase of 1,488 heads, the largest yet recorded. Canada's main reindeer herd now comprises more than 5,000 ani- mals. Each year since the original herd of 2,370 was delivered from Alaska in 1935, a gradual increase has been recorded in the number of fawns born.

RECORD NICKEL OUTPUT

Canada's production of nickel in 1939 was the greatest in the history of the Industry, amounting to 226,105,885 pounds compared with 210,572,738 pounds in 1938. The previous record year was 1937, when the output totalled 224,903.- #46 pounds.

Almost the entire production of Canadian nickel in 1939 originated In the nickel-copper ores of the Sudbury district, Ontario, and re- presented the recovery of the metál in the refined state, in axides and salts. and in matte "exported.

ob

In addition to the nickel tained from The Sudbury ores, relatively small quantity of the metal is recovered annually in the treatment of silver-cobalt. ores from the Cobalt district of North- ern Ontario.

from Copper recovered in 1939 nickel-copper ores totalled 328.- 144,517 pounds, or 53.9 per cent of the total quantity of new copper produced from all sources in the Dominion during the year. The. nickel-bearing deposits of the Sudbury area also contain rela- tively high values in platinum metals which are recovered in re- fining operations,

IMPORTANT RECOVERY

In addition to production of nickel, copper, and the platinum metals, there is an important re- covery from these ores. of the as- sociated metals aliver, gold, selenium and tellurium. Sulphur for the manufacture of sulphuric acid le salvaged in the gaseous state from waste smelter gases.

Of Fukien Fishermen

CONTROL BUREAU

TO BE FORMED

This year's round-up was com- pleted in four days, the entire herd being put through the cor-

FOOCHOW, Oct. 28 (Central)- rals, examined, counted and clas- with a view to improving the live- sthed. Animals surplus. to the re-lihood or the fishermen along the quirements of the herd were coast and increasing output to re-" selected for slaughter later in the plenish wartime finance, the year when the meat is prime. Fuklen Provincial Government has The annual round-up of the decided to establish a Fishing In- Government herd on the Reindeer dustry Contro: Bureau early next Reserve is staged on the summer month mange on Richards Island, a short i distance off the Arctic Coast.

SECONDARY HERD

It is estimated that there are between 400.000 and 500,000 fisher- men in the province. Since the A secondary herd under Governoutbreak of the war. the fishing ment supervision is located in the industry has suffered greatly due vicinity of Anderson River "about to Japanese naval operations and 150 miles east of the main herd. consequently the livelihood of the This smaller herd was started in fishing population has been in a Detenider, 1933, with some 950 deer deplorable state. pliced under native management. and is now estimated to comprise approximately 1,800 head.

LOANS GRANTED

FINANCE & GENERAL

H.K. STOCK EXCHANGE

The market. `remains quiete steady, with no shares available at quoted rates

BUYERS

Hotels, $3.20. Lands, $30.25. Realties, $3.36. Trams, $15.75.

Yaumati Ferries, $22,25. Telephones (0), $23.80, Telephones (N), $9.55. Cements, $16.10. Dairy Farms $17.25. Watson:"$9. Entertainments, $6.45.

SELLERS

Lands, $31. Yaumati Ferries, $22.75. Vibro Piling, $3.

SALES

Wharves, $90.25.

Yunnan Has New Farm Programme

In spite of Japan's threat of in- vasion the Yunnan Provincial Government is conddently launch- ing a new agricultural programme. The province is divided into four agricultural regions, each of which specialises in developing farm producta best suited for its soil and climate.

The promotion of agriculture will enable Yunnan to' increase its food production by 2,000,000 plculs annually.

In promoting such a scheme. the authorities desire to increase the foodstuffs of the greatly-in- creased wartime population of Yunban with the hope to boost the production of farm products with an export value. Attention is being given to coordinate agricul- ture and industry in the province. In sericulture especially, a ten-year"] promotion programme has been launched.

TAXES INCREASED IN JAPANESE OCCUPIED AREAS CHANGSHA, Oct. 28 (Central)-

The provincial government is Chinese civilans in Japanese-con-nguring that at the end of ten trolled areas in northern Hunan years Yunnan can produce 100.000 are suffering from increased taxes picuts of good quality silk both for. and requisitions imposed by the domestic and exports uses. It has Japanese military authorities.

been estimated that at least-2,000.... It is learned that the Japanese 000 mow of idle land will be utilis- Another step in Canada's plan is to devise ways and means of military authorities have Instructed if this agricultural programme to establish

ranching reviving the industry and improved the so-called peace maintenance is fully carried out. among the Eskimo population willing the methods, and instruments committee at Taolin to collect a soon be undertaken when a second of fishing so as to increase output. head tax of $1 per capita and a

Meanwhile, 1038 native herd will be established

are to be picul of rice from each household Novemher in the Horton River arca, about 100 miles east of the granted to the fishing people to beginning December Six

open salt fields for salting fishes, sand and five hundred plculs of first native herd

Measures to improve the methods rice are to be collected before the of marketing are also being con- end of this month to replenish the

Japanese army 'supply.

reindeer

Canadian

Securities Vested In Treasury

Orders Made Under Defence Laws

LONDON, Oct. 28 (Reuter)-A large group of Canadian securities, running into many millions of sterling. has been transferred to the Treasury by orders made un- der the Defence Regulations.

Two orders affect the Grand

Silver recovered by this Industry Trunk perpetual 4 per cent. con- in 1939 amounted to 2,498,832 fine sclidated debenture stock, a ster- nunces, while the production ofing issue of which there is about gold from the nickel-bearing ores 24,500,000 outstanding and on during the same period totalled

which interest is guaranteed 77,094 fine ounces. In 1926 the or the Government of

Cana- corresponding production of gold da, while a third order deals from these same ores was only with some 60 issues of Canadian rallways and Canadian companies payable solely or optionally in Canadian dollars.

4,447 time ounces

These securities have been vest-

Two companies operate both mines and metalurgical plants the Sudbury area. The Interua- tional Nickel Company of Canada ed in the Treasury with a view to Limited conducts smelting opera- their realisation in Canada in such tiena at Copper Cliff and Cons- a manner that sales in Canadian ton, Ont., while the Falconbridge markets will be orderly and sub- Nickel Mines Limited smelts its ject to careful regulation with re- ores" at the Falconbridge mine gard both to amount and time. located a few miles east of the

FIRST PAYMENT town of Sudbury. This company

The securities were vested in the treated its matte in a refinery located at Kristiansand, Norway, Treasury on Saturday and first until the invasion of that coun-payments on them will be made

on November 26. try by Germany in 1840,

Owners of the securities affect-

ed are asked to "deliver them

Since then arrangements have been made with the International Nickel Company of Canada Limit forthwith to the Bank of England: "d for refining treatment. The Payment will be made in sterling relatively small amount of nickel in London after delivery is com-

pleted. oxide produced at Deloro, Ont., is recovered

silver-cobalt- from nickel-arsenic ores mined in Northern Ontario,

:

The purpose of the new bureau

sidered.

thou

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE.

Buyer Bellers

Sales Nominal

SHAR BROKERS' ASSOCIATION

MONDAY

Bellera Ba Womios? 28 OCT.

Banks

$1230 H.K. Banks

Chartered Banks.....

Do. Col. Reg-)

£62

Do. (Lon. Reg.) ...

£67

210 872

19 Marcantile Bks. "A".

Mercantile Bks, "C"

Bank of Eart· Asia........... N. C. & S. Banks.....

Insurances

$175 Canton _Insurances............. $387 Union Instrances......

#1 Underwriters

$160K. Fires.......

Shipping

$125

Douglases

#11

Steamboats...

$100

Indo-China

(Prof.)...

180

Indo-Chinas (Def.)

35/0

Shells

***

$6.00 Waterbosta

Docks, Wharves.

Godowns, etc.

8894 11.K. & K. Wharves...

14.60 Providents

$16

H.K. Docks (Old)....... $15+ HE. Docks (New)..... 327+Shangbai Docks....

Mining

140 Kailana gener

$93 Raubs [cts. Hong Kong Mines... Lands. Hotels and

Buildings

H., & B. Hotels....... H.K. Lands...

$100 Do. 4% Debentures....

10.70 Shanghai Lands........

H.K. Realties.....

$3.20

$304

23.35

$100

Chinese Estates..................

$371

Ewo (81) even

$181

S'hai Cotton (9.).....

It is hoped that a substantial $15.85 part of the money involved will be transferred to war bonds.

In order to facilitate the ar- Smelter matte made by the In-rangement for subscription of this ternational Nickel Company of

money, the Bank of England will Canada is treated in plants locat accept subscriptions for national ed at Clydach, Wales; Hunting-war bonds of $100 or any larger $36! ton West Virginia; and Fort Col-sumus in multiples of one penny borne

and Copper Cliff, Ont.

and the Post Office, will accept Converter copper made by Inter-subscriptions of £25 and upwards national Nickel is electrolytically (subject to a maximum of £1,000) 8.65 refined at Copper Clift.

of

Kwangtung-Kiangsi Highway Completed

SHIUKWAN, Oct. 28 (Central)...

$7.10 Humphreys ***

Cotton Mills

Zoong Sings (9.)...)

Wing On Textiles (8.)

Public Utilities

H.K. Tramways....

$7.40 Peak Tran

(old)....

83.70 Peak Trans (new).........) -$594-

Bayer

$397

TOPE

$4.50 $4.00

$3.35

$100

11:

i

C

$16.06

COTTON CULTIVATION

Next to the increase in raising silkworms is the cotton-promotion campaign of Yunnan. Cotton cul- tivation can be extended to more than 1,000,000 mow after ten years. Meanwhile Egyptian cotton, which is being popularised in the pro- vince, has great hope in Yunnan due to the province's ideal climatic and topographic conditions.

Extensive cultivation of sugar- cane is also studied. Yunnan may become the second largest sugar- producing province, next only to Szechwan. The production of be increased to sugarcane will 200,000 pteuls following a ten-year ----| promotion - plan.-

$1230

28

201

1953

210

$79

(50 ct..

$175

.$150

$120

$100

*$100*

25/0

The growing of cinchona trees wil be popularised and 100,000 such trees will grow in the semi- tropical regions of Yunnan in the next decade. The planting of tung trees, tea and lacquer trees is also under the export direction of the provincial reconstruction bureau. -(Central News).

One of the most effective slogans used in connexion with Canada's second war loan was the appeal $6.90 Buy Bonds to Beat Barbarism."

$86

$18

$15

897)

14/0

$3

#301

$3.40

$7

#371 $190

TUESDAY, OCTOBER 29, 1940. -PAGE 9

SAY

Gordon's

...and know what you're drinking/

GORDON'S

DRY GIN

DISTILLERTZ LONDON

NO COLOURING Matter NO INJURIOUS INGREDIENTS

KIRIN

The

B

E

E

Choice of R

The Multitude

Sole Agents

H. HONDA & CO.

Tel. 20720.

40, Johnston Road, Hong Kong..

PRE-PAID ADVERTISEMENTS.

The following clauses 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

If Charges collected, $2.00. Bate of $1.50 for THREE INSERTIONS.

$125

WANTED TO BUY

WE PAY HIGH PRICES for all gold and liver articles, gold bars, diamonds and Jewels. Apply China Gold Refining Co. Pedder Building, 2nd floor, Room 6.

-HOTELS

RUSSIAN CUISINE. MORE POPULÄR EVERY DAY

METROPOLE HOTEL

TEA DANCES

Tuesdays

Thursday's

Saturdays

Sundays

to 7.30 p.m.

"WE OFFER HIGH PRICES for $6.70

articles, $0.40 any amount of gold $372, diamonds, silver, etc, No holidays. $37 Apply China Building, 7th floor. Tel. 30777. Eurasia Gold: Refining Co.

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.D.P.

ENGRAVERS

FEI FEI & CO. Photo Engravers

· 18, Cochrane Street. Telephone No. 22224.

14+

38.40

$384

Star Ferries................... Y'mati Ferries..... China Lights (0)....... China Lights (New).....] H. K. Electrics (Old)...

#23 $22

H.KElectio(New).....

$17

Macao. Electries (Old)

$16

Macao Electrics (New)||

811

Sandakan Lights........

Telophones. (old)........

$924

39.30

S'pore Tractions (Ord.) Industrials

#23

Telephones (new).......

$14.00 Caldi, Macg. :(Ord.) B.;

For defence bonds subscription must be for £5 or a multiple thereof, and no person may at any time hold defence bonds, exceeding £1,000

$12

$16.10

$8.30

Exports of lumber from Canada'

Transportation between Kwang- haye been steadily increasing. tung and Kianga! has been greatly Despite serious disruption of trade facilitated following the opening channels as a result of the war. the newly-completed inter-exports of lumber during the nine provincial highway" for traffic on months' period from September 1. October 25. The road passes 1939 to May 31, 1940, rose to 1,550,- through Shlukwan, Tayi, Kan-c00,000 board feet, an increase of halen, Hsingkuo, Taino and Klan..144,000,000 board feet over the cor-

Large, consignments of goods are responding period in 1938-39, now transported by trucks be- tween the two provinces.

Petroleum production in Canada during the first half of thế cur-- Canada's gold production for the rent year amounted to 3,681,029 first half of 1940 is valued at $99.-barrels compared with 3,371 238 023,617 compared with $87,551,061 barrels in the corresponding period in the rst half of 1939,

of last year.

#17t

Cald., Macg (Prof.)S.

Canton Ic................

Cements ......

H.K. Ropes

ELI Govt. Loans

389 14% Loan qemer

'825 (31%

805 31%

W

(1994).

(1940).

Miscellaneous

Dairy Farios.....

$6.60 Entertainments

$1.60 Constructions | (old).:

B1

Constructions: (new).......

$7.45 Lane Crawfords...

Nanyang Tobacco...

$2.15 SinceroB

*

Watsons

15. Ch. 6.5% 192503Bda

21.K. Wing On

B'hai Wing On

Vibro Pilling

ap

7/8 Mararians Inv. (Lou

* : | Mazamaña Inv.':(H.K..)

Wm. Powella... +Sale to Shanghai,

#3}]

$8.95

984),

#95

AND ALTA,

WANTED KNOWN

ORDERS TAKEN for hand-made

50 ota sweaters, Ladies' Jumpers, Babies". $18.15 outfits, etc., at $5.00 each for

18 workmanship.

$17.30 $6.00 $1.85

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

Send particulars of address, etc., to Box 502, HKDP

This "WE" have an outstand- ing assortment of latest American dresses for all occasions and price to suit all purses. Call at "Vanity 120 Shop (Lazarus) Pedder Street.

Experienced Book-keeper Wants Students to form a class. Guaran tes students to keep a whole set of books after sompletion of a course of 6 months. For Term and Par-': ticulars. Please Apply to:-Box

c/o HKDP

YOU

Are Invited to Inspect Our

Stock of

Asiatic, Foreign and Colonial

POSTAGE STAMPS

In Sets, Single, Packets. Bags and in "Approval Sheets.

GRACA & CO.

in Postage Stamps, Dealers

Philatelic Goods, Picture Postcards, Religious Goods, Garden Seeds, etc. No. 10 Wyndham Street O. Box No. 820.

„Hongkong.

AUCTIONEERS

GREATEST COLLECTION OF BARGAINS IN TOWN!

"LAMMEETS AUCTION ROOM bumpert, Brost z

Telephine No 20024.

AT

Jimmy's

No,463