1940-11-16 — Page 9

:

HONGKONG DAILY PRESS

Finance and Commerce

Chinese Products Popular In Canada, Says Visitor

Chinese products are very popular in Canada, according to Mr. Huang Chi-shear, prominent Chinese resident in that country, who' arrived here by Clipper a few days ago en route to Chungking as a delegate to the National People's Assembly.

Mr. Huang, who is chairman of the Tolshan Natives Association, executive member of the Chinese" Anti-Japan National Salvation Association and member of the standing committee

the Canada branch of the China. Aviation Reconstruction Association ir Vax- couver, said that the Canadian market was full of Japanese goods before but since the outbreak of the Sino-Japanese hostilities their quantity has been markedly reduced as a result of a widespread boycott.

He revealed that for various, There are about 30,000 Chinese reasons, 400 out of 500 fishing in Canada, mostly engaged in the licenses issued to the Japanese re-restaurant business, laundry, siding in Canada were recently farming and wood-sawing. All fer- invalidated by the Canadian" au- vently patriotic, they have con- thories.

tributed huge sums to China's war chest. A

Mr. Huang is interested in boosting Chinese trade in Canada. After his arrival in Chungking, he said, besides Mr. Lin Sen, Chair- man of the National Government, and Generalissimo Chiang Kai- shek, he will call on Mr. Wong Wen-hao, Minister of Economic Affairs, to confer with him on this -question.

REVISE REGULATIONS

MONEY AND EXCHANGE CLOSING QUOTATIONS

NOVEMBER 15, 1940

On London:

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

On Shanghai:---

3-5

52 3/4

105.

Transfer.

On demand On Singapore:—

On demand On Japan:-

On demand On India:-

Telegraphic and demand On New York:-

Bank Bills, on demand 23 1/8 Crediis, 60 daya" sight 24

-82 1/2

43.1/4

Bank Bills...on demand Nom. Credits 4 months' sight Nom. on Saigon:--

fund-raising campaign On Batavia-

On demand for the purchase of planes for China is now proceeding smoothly. On Paris:-

"Mr. Huang, a native of Toishan, has been a resident in Canada for over 30 years, and has never shrunk from any work that con- tributes to the welfare of the overseas Chinese or to his mother country.

"On demand Da Manila:—

On demand On Bangkok-

FINANCE & GENERAL

KWANGSI PROGRESSING.

IN RECONSTRUCTION

THE WORK OF RECONSTRUCTION IN KWANGSI 18 PRO- CEEDING APACE AND CONSIDERABLE PROGRESS HAS BEEN MADE IN THE FIELDS OF AGRÍCULTURE, industry, trade, mining, communications and co-operative enterprises, according to Mr. Chan Hsiung, Kwangsi Commissioner of Reconstruction, at the Weekly Memorial Service, yesterday.

...

The production of wheat and cotton has been 'increased as com- pared with last year. Wheat was cultivated in 30 districts last year. with an estimated crop of 400,000 picats: The "ares" of" cultivation this year was expanded to 39 districts.

The 'cotton crop last autumn totalled more than 17,000. picula representing a one-third increase over the previous year, while the area of cultivation was increased from 40,000 mow to 46,000 - mow.

H.K. STOCK EXCHANGE

Owing to the poor harvest of Hongkong Banks made a notable the late rice crop, the authorities advance during the week closing are mapping out plans for exten-with buyers, át $1285.), A good de- sive cultivation. this winter, for mand for the popular counters has which purpose the Ministry of resulted in sales at higher levels Agriculture and Forestry has ap- and the market closes firm with propriated $3,000,000 for the pur-buyers still ungatised,

BUSINESS DONE DURING

chase of seeds and fertilizers,

In Industry. two, new factories have been established, The Kwangs! Flour Mill has already started work, while the Kwangsi Cement Works is expected to-be- gin operation in the near future. Rehabilitation of the industrial 100 1/2

plants in Nanning is now under 46 1/4. way. Both the power plant and the waterworks are to resume 149 1/2cperation shortly.

On demand ......... Ja Sterling Notes:—

Bank Buying Rate ... Bar Silver per oz.

Nou

visiting Chungking, he Market Report

Prior to his departure for China, he made a tour to San Francisco, In regard to the development of Los Angeles and Seattle to study the Chinese market in Canada, he the overseas Chinese conditions | suggested that the Canadian Gov-and trade there. ernment be persuaded to revise its After import regulations and close con-expects to proceed to Shlukwan tact be established with the Chin- where he will call on General L ese there for the holding, of Chin- | Hon wan,. ese products exhibitions and the Kwangtung organisation of industrial cerns,

HONGKONG

STOCK EXCHANGE,

Bayern Bellors

Salon

Nomina

Chairman of the

Provincial Govern-

tensive tour to the various fronts.

0.16

EXPORT TRADE

'+

To obtain foreign exchange, the export trade is being pushed. The principal items for export at pre- sent are wood oil and vegetable all. Since the abolition of the Pro- vincial Trade Bureau, the export FROM ROZA · BROS,

trade has been handled exclusive- Friday, Nov. 15.

ly by the Bank of Kwangst, Silver prices were unchanged con-ment, He will then make an ex- yesterday, the quotations remain-tion of lead, antimony, and Tung- In order to encourage produc- ing at 23.5/16 for both deliveries, sten, the prices for these minerals Silver advices reported the market have been increased and the as being quiet and featureless treatment of the miners improved.

34.3/4 for Spot.

estimated output of some 300,000,- The London New York cross 000 tons was discovered in an un- rate was quoted at 402.1/2. New disclosed locality of the province. Sorical York/London was quoted at 404.The San Ha Mining Company has been granted the sole right to ex- ploit the ores.

SHARE QUOTATIONS American Silver was quoted at Lately a rich coal deposit with an

SHAR BROKERS' ASSOCIATION

FRIDAY 15 NOV:

Do. (Col. Reg.)

Chartered Banka ́.....

Banks

31260

++

H.K. Banks

£79

286

De. (Lon. Reg.)

271

£95

Mercantilo Bka. "A".

... 210), 1/16

873

...

Bank of East Asia......

Mercantile Bka. "C"

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

Insurances

Ruyer

Bellars

$185

Canton Insurances.....

$195

X.D.

$300

$1

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

$390

$150 H.K. Fires..

Shipping

#135

Douglases

311

Steamboats

$100

Indo-Chinas (Prof.)..

BAD

Indo-Chinas (Def.

35/7

Shells

Providenta

$4.00

$16

$10

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

#31

14/0

Kailans Raubs

$81

26.90 Waterbonis

Docks, Wharves,

Godowns, etc.

2001 H.K. & E. Wharves...

HK. Docks.. (Old).....

+6hanghai Docka.....

Mining

1 cts. Hong Kong Mines.....

Lands, Hotels and Buildings

H.K. & 8. Hotels.. H.K. Lards..............

$100 Do. 4% Debentures...

$11.10 Shanghai Lands........

H.H. Realties.....

17.10 Humphreya

$100 Chinese Extatem.

Cotton Mills

Ewe (8.)

'hai Cottons (8.)...

13.30 $31

$31

$3.40

TRI

#*!!

$1945 275

£58

1983

£10

$73

50 ct.

$150

MARKET Extremely quiet,

STERLING

There were sellers at 1/2.31/32 November-January. buyers at 1/3 for Cash.

■

U. S. DOLLARS Opened with sellers at 23.7/18 for Cash resulting in a small

transaction at 23.1/2 for Cash.

To, further develop communica- tions, a number of new roads have been built and an IChan (Cour- fer Service) Administration was. estabilshed, Operation of the cour.. 1er service is expected to supple- ment the bus service.

1

THE WEEK HK. Banks, $1350. Union Ina.. $387). Douglases. $135. Docka (0), $16). Docks (N), $16.

Providents, $4.65, $42. Hotels, $3.

Tramways, $16.40, $16.35, 316.30, Star Ferries, $57. Yaumati"Ferries, $225.

-China Lights (0), 33.90, $7.

Electrics (O), $38. Macao Electrics (0), $18. Telephones (N), $9.90. Cements," $161, $17. Ropes, $1, $3, $6.60. Watsons, $9.60, $9.65. Govt. 31% Loan (1934). 94.

BUYERS

HK. Banks, $1285. Bank of East Asia, $73. Union Ins. XD.. $320. Providents, $4.60. Landa, $31.' Humphreys, 67. Trams, $16.40. Yaumati Ferries, $22£29. Mectrics, $37.75. Dairy Farms, $17.50 Entertainments, 36 60.

BELLENS Watsons, $9.75. Vibro Piling, $3.

SALES HK. Banks, $127b. Lights (0), $7. Electrics (O), $38. Cements, $18.50.

دانه از

SATURDAY, NOVEMBER 16, 1940 -PAGE

EVERYBODY'S,

Favourite

"BLACK&WHITE"

HONGKONG

SHAREBROKERS'

ASSOCIATION

CANADIAN

FOOD PRODUCTS

Volume or Business Transacted FOR BRITAIN

on Friday, Nov. 15, 1940.

SALES

H.K Banks China "Lights

OTTAWA, Nov. 15 (Reuter)- Britain has agreed to buy nearly A $1,275.00 £26,500,000 worth of food products (0) 370

7.00 from Canada during the "second 7.05 year of the war.

This total takes no account of 7.00 wheat purchases.

370

500 -

500

-7.00

China Lights (N) 500 Cements

200 EE, Electrics (O) "300 .300 BK Lands $...... 100 Yaumati Ferrics 230 Unlon Ins. XD.

20

1

3.127

6.72 In making this announcement 16.50 in the Canadian House of Com- 38,00 mons: yesterday, Mr. J. G. Gar- 38.00 diner, Minister of Agriculture, said 31.35 that he saw prospects of selling 23.00 about 18,000,000 bushels of wheat 395.00 to Britain annually for the next 392.50 ve years..

The total value is $64.137.50.

VOLUNTARY DUTCH "INCOME TAX"

LONDON, Nov 15 (Reuter)) -- The Dutchi Government, in addit," tuated by the Navy's Mediter- tion to paying. for its own armed 10 ranean success

forces now fighting with Britain, 2 Industriais showed widespread is also meeting the cost of all. and substantial gains and Keffire equipment for the Dutch Aghting continued to meet support, while forces. LONDON STOCK otis attracted more attention: Rubber and tin shares are in de- EXCHANGE

mand at higher levels, LONDON, Nov. 15 (Reuter)—

Among foreign shares, South Conditions on the Stock Exchange American was again prominent. yesterday were cheerful and the Wall Street was narrowly irre Provincial recent upward trend was accen-gular. ness was also arranged at 397 and, Co-operatives Treasury is fixed at 396.1/2. The market closed with $5,000,000, of which $3,000,000 has sellers at 395.1/2.

The market closed at 1 pm, with probable sellers at 23.1/2, buyers at 23.9/16 for Cash.

Industrial co-operatives are ex-1 tensively developed in the provin ces. At present, there are over 800 Industrial co-operatives with total membership. of more than 500,000. Loans granted to farmers Some business was done at 308 amount to more than $10,000,000. $100 early in the morning. Later bust-The capital of $100

$135

36/3

$6.00

$901

9460 84.70 $4.8

$16.80

F

$18 $31

14/0

$3

.A

Hr

131

$100

*

++

SHANGHAI DOLLARS

SHANGHAI MARKET Opened with sellers of Sterling

at 3.51/64 for Spot. Later the

market was a shade easier with sellery at 3.3/4 for Spot At the close at Noon the market was steadier with sellers at 3.25/32

for Spot. U. S. Dollars sellers atį

the

already been raised. "(Central News);

TAN KAH-KEE TO "CONFER WITH GEN. CHEN YI

After completing an inspection

the opening were quoted at 5.15/16 tour of southern Fukien where he for Spot. Later the rate dropped studied the passibilities for invest to 5.7/8 and at the close scllcrement for agricultural and Indu- were quoted at 9.31/18 for Spot. trial development. Mr. Tan Kab-1 ke, well-known Chinese, industrial? magnate from Singapore, arrived

AFTERNOON MARKET

The market was quiet in the at Yungan on Nov. 11" 83.40 Patternoon.

$7.

STERLING

There were sellers at 1/2.31/32 November/January, buyers at 1/8

In order to increase“, revenue," an appeal has been made to Dutchmen all over the world to pay voluntary "income tax the proceeds from which are expected to cover the cost of the essential services of the Government.

PRE-PAID ADVERTISEMENTS.

The following classes of advertisements are charged at the price given below -- SITUATIONS VACANT.

HOUSES AND APARTMENTS TO BE LET. MISCELLANEOUS WANTS

HOUSES AND APARTMENTS WANTED.

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

The whole city was bedecked the overseas Chinese leader and for all gold and silver articles, with national Hags in welcome of

WE PAY HIGH PRICES Chairman Chen YI of the Fukien gold bars, diamonds and jewels. Provincial Government gave a re Apply China Gold "Refining Co U. 5. DOLLARS

ception in his honour which was Pedder Building, 2nd floor, Room 6. Sellers at 23.1/2 for Cash, buyers attended by all the high officials at 23./8 for Cash.

of the provincial government.

Mr. Tan sald he had come to

SHANGHAI. DOLLARS

84 $165

$401 3190

for Cash.

Zoong Sings (8.)......

Wing On Textiles (B.:

9135

Public Utilities

$16,40

$16.30

H.K. Tramways................... ['610.30]

$7.40 Peak Trams (old)....

$7.40

$3.70 Peak Tram

(new)...

$3.70

$221

$38

#377

$221

$38

#174

$574 Star Ferriek ...

$6.60

$16

Y'mati Fern" Chins Lights (0)..... China Lights New).. HL. X. Electrics (Old)...

$37H.K. Elevitica New)...

Macao Electrics (Old)] $18.60 Macao Electrics (New);

$12

$91

Bandakan Lights...

824 Telephone (old)......

Telephones (new)........ B'pore Tractions (Ord.) | Industrials

$14,90] Cald., Macx. (Ord.) B.;

Cald., Macg. (Prof.)8.

$17❘ Cementa

$6.70 H.K. Bopen

#88

MK. Gört, Lemme

14% Loan

$94 31%

* (1934).

(1940)

Miscellaneous

| Dairy Farmsinau | #17||

$6.60

$12

$1

Canton Icen..

$94 31%

Entertainians

$1.80 Construction (old)..

Constructions (new).....

$7.46 Lane Crawfords.

$1

Nanyang Tobacco.......

$2.15 Sinceres

· #9.65 | ・・・

Watsoná

- 30′′/. | Ch. G.5%, 1025€$13d».

$30

H.K. Wing On

S'ha Wing Un

Vibro Filing

(7/6). Mārimans Inv. (Lon.)

9/9

Marsmana Inv. (H.K.)

Wm. Powells.

48ale to Shanghai

• I

(50 ota

$18.00

$6.60

88

ភ

Some bustness was reported at Yungan to interview Chairman WE OFFER HIGH PRICES for $571 398.1/2 and also 396, the market Chen and to visit the Provincial any amount of gold articles, closing with sellers at 306 for Industrial Exhibition now being diamonds, silver, etc. No holidays. Spot

held in the city. (Central News). Apply China Building, 7th floor. TOL 30727. Eurasia Gold Renning Co.

SHANGHAI MARKET

Opened with sellers for Spot at

| 3.25/32 and U, S. Dollar at 5.15/16 sellers for Spot, Towards the close there were sellers ... at 3.51/64] 924 or Sterling and US Dollars at

5.31/32 sellers for Spot.

$9,90

$1.80

$1.85

$7

SILVER MARKET

IN LONDON SILVER-

London," Nov. 14 (Router). Silver Market quiet and fet tureles. Business negligible. In the afternoon, the Market was

Shanghai Exchange quiet with No business.

Shanghai, Nov, 15 (Reuter).

London

Official T,T. Rates

New York

Japan

India Hongkong

Spot 81.90-NOV

$9.05 Dec.

$14 Spot

Nov Dec.

Sterling

Opening

0/3-11/16

Spot, 23-5/184. " Forward, 23-5/164.

BOMBAY 81 Bombay, Nov. L

R

Reuter).

Market--Steady

Off

50 bars.

Indian Mint Silver

Ready

61-09

24-3/8

Nov. 28 Settlement

61-09

20-3/8 N 24-1/2

Dec. 27 Bettlement

61-10

5-3/4

Seller*

Opening Closing

· 0/3-51784:"0/3-81/64"- 073-51/64 073-81/84. 0/3-25/32 0/3-25/32 US Dollars. Danske

$5-15/16 35-31/32 5-15/16 5-31/32 5-15/16 5-15/16

MarketUncertain.

Silver Duty Bate The Cental Bank of China's

WANTED KNOWN

"ORDERS TAKEN for hand-made. sweaters, Ladies” jumpers, „Babies? outfits, etc., at $5.00 each. for workmanship.

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

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

ThLG "WE" have an outstand-

rate on London at 10 am today ng assortment of latest American was 1/2-1/2d.

The Equalisation rate was

Calents Exchange

Calcutta, Nov 14 (Reuter), T.1, on Japan. 81-1/4-4

India Rupee Paper

Bombay, Nov 14 (Reuter), Gov. 31% Rupes, £2-01-06

dresses for all occasions and price 231 to suit all purses. Call at "Vanity | Shop" (Lazarus) Pedder Street..

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

Please Apply to: Bor:

HRDP

HOTELA

RUSSIAN CUISINE

MORE POPULAR. EVERY DAY

METROPOLE HOTEL

TAILOR

LAM SHIUSHEK

334, Nathan Road, Kowloon, Tel" 57712. Guaranteed delivery 1 suit in 24 hours notice and 6 hours. for a pair of trousers.

Just Received Stanley Gibbons Postage Stamp Catalogues

for

1941

Whole World

Part 1 British Empire Part II Foreign Countries Simplied.

GRACA & CO. Dealers In Postage Stamps, Flowers and Vegetable Beeds.

Picture Books

TEA DANCES

* Tuesdays -

Thursdays

Saturdays

Sundays

5 to 7.30 pm.

ENGRAVERS

FEI FEI & CO. Photo Engravers 18, Cochrane Street. Telephone No. 22224.

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