HONGKONG DAILY PRESS
HONGKONG SHARE QUOTATIONS
SHAREBROKERS', ASSOCIATION
Buyer
Ballar Saior
polna
STOCK EXCHANGE
Bayers
Sellers
Staley Nouteni
FRIDAY
28 FEB.
Banks
$1380
$1320 XD.
£73
Do. Col. Reg.).... Do. Lee, Reg. ....
Eri
Chartered Banks.......
£93
Mercantile Bks. "A".
21
$76
$215
$412
#170
1:
!!
!!!!!
HK. Banks
∙16 ct.
Mercantile Bks, "C"
Bank of Bast Asia...... $78
N. C. & S. Banks.....
Insurances
Canton Insorsness..............]
Union Insurancés......} $419 Underwriters
$100 Indo-Chinas (Pret.)...
$195
8100
$215
114
11
(80. cts.
H.K. Firos.....-- .
$170
Shipping
$135
Douglases
Steambonis.
$60
Indo-Chinas (D«F) ........{
860
43/11
Shells
431
$7
Waterbosta
Docks, Wharves,
$90
H.K. & K. Wbarred..
$67 5:80
Providenta
35.70
$17.60
H.K. Docks (Old)....
$171
$17
$97
$3.60
::
17/0
Godowns, etc.
Mining
H.K. Docks (New)...........
#27+Bhanghai Docks..
Kails Da
Raubsre
cts. Hong Kong. Mines......
Lands, Hotels and! Bullding
H.K. & Hotels:....
$39.K. Landa....
Do... 4% Debentures.
# 1
$7
808
$51
U17 827+
17/0
$3
FINANCE
Finance and Commerce
AXIS ECONOMIC AGREEMENT
Taxation In N. Borneo
Italian Metal Workers the minutes
For Germany
CANADIAN TRADE RESTRICTIONS
FURTHER EXPORT
EMBARGOES
The following are excerpts from
of
Gr Emergency Committee Meeting of the North Borneo Chamber of Commerce held in the Sandakan Club, San- The Canadian Government, ac- LONDON. Feb. 18 (Reuter)dakan, on Friday. February, 19, cording to a report reaching the Working of the Axis in the ecunt. 1941, at 11 am.
Osaka Prefectural Foreign Trade mic field is revealed in a dispatch War (Contribution to Imperial Bureau, will restrict raw silk and from Rome quoted by the Germans Exchequer) Taxation Ordinance, silk yarn imports, placing these news agency, stating that in ac- 1941 (File No. 16). The Report items under a permit system on cordance with the Italo-German and Recommendations of the Sub March I The decision was reached Economie Agreement, which regu-| Committee and Addends thereto on December 9 It is said, following |lates, from time to time, clearing were laid' upon the table and dis- A joint deliberation on the silk
payments for the current year, cussed.
situation participated in by both Italian...and German commercial The Secretary, was instructed to the Government and the Canadian exchanges are expected to reach a forward to Government a copy of Suk Traders' Society at Ottawn. total of about one milliard Reich- the Report and Recommendations
The gist of the plan follows:- marks in both directions.
and to say that the General Com-
Progressive reduction mittee does not favour a compre- hensive range of sur-charges in will be applied, taking as basis average importation during the the form of indirect taxation. but favours direct taxation for War last two years, and as a time unit,
applied
three months. There will be 25% purposes equitably
curtailment for the Arst period. embracing all.
The guiding principle in the negotiations has been to sattsry all requirements, essential to w economic demands, in which the combined demands of the Axis are regarded as one unit,
The whole of Italy's coal re- 33.60 quirements. amounting to about 33.10 12,000,000 tons last year will be
$12
83.30.
Shanghai Landı.................. H.K. Realties.......
131 $3.40
$6.80
$6.80
FOR
84
2431
$6.10
Rts. 166 cts.
*
Humphreya.........
Chinese Estatea.......
Cotton Mills
Ewo (8.)
$200 S'hai Cottons (8.)... Zoong Sings (S.)......
Wing On Textiles (
Industrials
#!
$200
$125
doubled.
cury to Germany.
"
and
11
rates
It was also agreed to ask Gov. March/May, 50% for June/August, ernment to postpone the Legisla- the rates thereafter to be decided
}
SATURDAY, MARCH 1, 1941. -PAGE 9
EVERYBODY'S
Favourite
SCOTCH WHITNE
"BLACK&WHITE"
export of the following
wherein the Customs Minister's
INDIA STATEMENT
Calcutta, Feb. 27 (Reuter),
Feb. 14 Feb. 21-
Notes tn circulation. (including Notes held in the Bank-
ing Department)... 26,518 26,619.
Ruge Coin and Bul-
lion in India Securities (Indian
lion in ........ 3,065 3,156
4.441 Gold Coin and Bul-
4.441
4,960 4,981
Government> Securities
British
tive Council Meeting called for after taking into consideation the of some raw silk for domestic con- RESERVE BANK OF February 22, 1941 in view of the substitute supply. The Canadian sumption even after November. 397 completely covered by Germany..
important issues
and principles Silk Traders Society is reported to Germany's deliveries of Iron -aud
EXPORT BAN steel to Italy be more than involved in the proposed Bull, and have recommended a 75% reduc
According to another cable to, suggest that Government should ton for the September/November
reaching the Foreign Office, the period. appoint £ Italy will increased her ship-Committee at the earliest possible representative Joint
2 In order to parallel this re- Canadian Government gazetted on Governor-General's ments of agricultural raw produ- for the purpose of thoroughly induction, the Government will re- January 24, tion as well as sulphur and mer-vestigating the position and sub- strict the use of silken products to ordinance dated January 22 ban-
mitting recommendations to Gor-be used in making welt, commenc-ning A special agreement also proviment for providing a suitable ing on March 1st, encouraging the articles, making exception of cases vides for sending to Germany contribution to the Imperial Ex-use of cotton or rayon further 205,000 Italian workmen,
of taxation chequer by means
3) Customs officials in the mean-permission has been obtained. It $7:40 mainly
metal workers, making framed on a more equitable basis, time will take a complete Inver went into effect on February 3rd. the total Italian workmen in Ger since the
1) Non-ferrous metals: anti- cause is definitely one tory of stocks of all raw silk and many in the current year 315,000.
common to all enjoying British silk ram, including that in themony, bronze, magnesium, bery justice and protection.
warehouses of hosiery manufarum, brass, tin, and mercury. turers.'
2) Ferro-alloys: Titanium and 4 Raw silk and silk yarn neces- vanadium. sary for the productions of items: 3) other materials for industrial Soda of boric acid. ferro- for export will be excepted from use: the Import restriction.
chrome ore, clay for the manufac and compounds, chlorine, dime- Prices have inclined to ease dur-
The following are excerpts from The same report intimates that ture of fire-proof bricks. chalk: thyl arianin. diphenyl amine, ing the week and do not yet appear the minutes of a Monthly Com- the greater part of the aforemen- magnesium, and fire proof bricks. nitric acid, nitrate, nitrined cotton, to have reached resistance point.mittee Meeting of the North toned Gavemment plan is in con 4) Puel and related articles: soda, lime, sodium, acetate, As, however, the week has been Borneo Chamber of Commerce formity with the suggestions sub- Petroleum products, tetrathyl lead stronium and sulphuric acid. disturbed by further two days rac-held in the Sandakan Club. San-mitted by the Canadian Silk Tra- and products thereof, toluol. 6) Miscellaneous goods: Aviation fing, operations recorded may not dakan, on Wednesday, Feb. 5. 1941, cers' Society. The Society will aviation gasoline, oll tanks, oll cameras. inter Bre extinguisher 75 ots. be a fair criterion of the real mar- at 10.30 a.m.
endeavour to persuade the Gov-boring machines,
fax, helium gas, Manila hemp, and két
War (Contribution to imperial ernment to allow the importation 5) Chemical products: Ammonia searchlights for military uses. Exchequer) Taxation ordinance,
$41.65/41 $41.40/41.45
H.K. STOCK EXCHANGE
Public Utilities
$16)
H. Tramways.......
816.40 $15.70
-871
Peak Tramis (old).......
Peak. Trams (new)..
$57
Star Ferrics.
107
$24
mati Ferries...
$93.65
$6.15
Chins Lights (0)..... $6,15
China Lights (New).
$1.65
841
I., Electrics (Old)
$41 45
H. K. Electrica (New)
$17
Macao Electrics (Old
་་་
816
Meno Electrics (Now)
$12
Sandakan Lights......
$24
24
Telephones old)...... 823
$9.60
114
Telephones (new).......
891
S'pore Tractions (Ord.
$30
Cald., Macg. (Ord.) 2.
825
Cald., Mneg. (Pref.)5
81
Canton Ices..........
$15.90 $17.40
$17
$17
$8
H.K. Govt. Loans
$97
14% Load
$96
3%
(1934).
(1940).
Miscellaneous
$19.20 Dairy Farms.
#19
$7.10
$1.00 Constructions (old)...
$1.65
Trams, $17.60, $171.
$1
Constructions (new)...
Trams X.D., $15.60.
$71
Lane Crawfords........
Nanyang Tobacco......
$3,80
Lights (0), $67, $6.20, 38.15.
$2.15 Sinceres
$2,15
*12 20
$10
Watsons *****
$10.60 $10,65]
42
Ch. G.3% 1925G $ Bds
30%
$41), $414.
£39
$39
$14
$41.40. $41.45.
23
8/3
Telephones (0), $24.
20
Maramans lav. (H.K.)
Telephones (N), $9.90.
$1.80 Wm. Powsila
$1.90
Cements
8 K. Rupes
$94 31%
ST Entertainrents "........
H.K. Wing On
S'hai Wing On
$7,10Vibro Piling
*
Maraunaus Inv. (Lon.)
97. 185
China Lights(Rights)
Sale to Shanghai
WEEKLY RETURNS AND REPORTS
BANK OF ENGLAND.
LONDON, Feb. 27 (Reuter),
Publie Deposits
Other Deposits:-
Bankers
Other Accounts Total
*
BUSINESS DONE DURING
THE WEEK
Union Ins., $412) Providents, $54, $5.80. Lands! $334.
Humphreys, $6.80.
Lights Rts.. .65 Cts.
NORTH BORNEO CH. OF COMMERCE.
to
1941 (File No. 91. After some dis- cussion of the Draft War (Centri- bution Imperial Exchequer Taxation Ordinance. 1941, as pub- lished in Offidal Gazette Extra- ordinary No. 5 dated January, 27, 1941, a 'Sub-Committee consisting of Mr. J. K. S. Malcolm, M;, W. A. S. Young and the Honourable Mr. Kwan Yuen Hin, was appointed,
Electrics (O), $391 $40, $42 $42, to go fully into all aspects of the
proposed form of taxation, and to Electrics (N), $394 $42.15, $42, submit a Report to the General
Watsons, $102.
Committee at the earliest moment possible.
The opinion of the meeting was that the Committee should be
H.K, Govt. 31% Loan (1934) 95. consulted and the views of the
Cts,
:
BUYERS
FK. Banks X.D., $1325.
Union Ins., $412.
HK. Fire Ins., $170.
Providents, $5.75,
Lands 4% Debentures, $97,50. Lights, $6.10.
Lights Pts., .80 Cts.
SELLERS
HK. Banks X.D., $1350, Wharves, $98.
Feb. 20
(000's Omitted)
Feb. 27
21,750
$ 14,640
103.470
221,72€
62.370
53,030
155.840
174,740
Government Securities
152,140
150370
Trams, $16.75..
Other Securities:-
SALĖS
Discounts and Advances
3,790
3,720
Securities
19,670
18.380
Cts.
Total
23,460
22.700
Hotels, $3.30.
Notes and Coins
30,040
28,370
Realties. $3.25.
Total Bullion
1,520
1,620
Notes in circulation
Lights, $8.15,
601,480
603,230
Ratio of Reserve to Liabilities
16.00%
*14.904
188/-
Price of Gold at which holdings åre valued 168/-
FEDERAL RESERVE SYSTEM
NEW YORK, Feb. 27 (Reuter}, " Feb. 22 (1940) Feb, 20
Committee ascertained before
2
Government) 14,050 14,050 (Figures in Lakhs of Rupees).
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 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
Motions of importance were put WE PAY HIGH PRICES
in
forward in the Legislative Council for all gold and silver articles, future by the Chamber's gold bars, diamonds and jewels. nominees.
Apply China Gold Refining Co. Labour Ordinance, 1936 (File No. Pedder Building, 2nd floor, Roorn 6. 10). Further correspondence ex- changed between the Chamber and Government. was discussed, regarding the question of the Labour Recruiting Rules 1940 ap-diamonds, sliver, jewels, etc. No plying to Casual Labour as em-holidays. ployed by Industrial Concerns in 7th floor. Sandakan.
WE OFFER HIGH PRICES for
amount any
of gold articles.:
Apply China Building. Tel. 30727. Eurasia Gold
It was agreed that the Acting Refining Co.
Protector of Labour's letter dated
HE. Govt. 34% Loan (1934), 99 January 15, 1941 satisfactorily dis-
Electrics (O),"$41.65. Electrics (N), $41.54.
HONGKONG
SHAREBROKERS
ASSOCIATION Volume of Business Transeted on Friday, Feb. 28, 1941
Feb. 27
(000's Omitted,
S
Bills Bought ....
U.S. Securities held
Federal Reserve Ratio
2,477,000 ,2,184,000
87.50% Federal Reserve Credit Outstanding. 2,523.000 Monetary Gold Stocks
18,108,000
2,194,000 91.11%
91.23% 2,235,000 2,223,000 22,140,000 22,179,000 10.427,000 7,854,000 7,840,000
SALES
China Lights (0) ... 1.000 $ 8.15 50 17.50 HK Docks (0)
* 300 HX. Electrics (0)
41.50 100 41.65
50% 41.60
1,100
3:30
Industrial Advances
REHABILITATION IN Smooth Progress In Realtys
HK Hotels
Union Ins.
SOUTH KIANGSI Japan-N.E.I. Talks as Watsons
TOKYO,
KWEILIN, Feb. 28 (Centrar-
Feb. 28 (Reuter) - With the approval of the Execu- "Smooth progress" in the econo-.
Yuan the Nation! Rellet mic conversations between Japan
·tive Commission has appropriated an and the Netherlands East Indies from additional $1,000,000 for rural re-la Indicated in a message
Batavia to the Domel Agency. habilitation in south Kwangsi.
Mr. Yutaka Ishizawa, Japanese Consul-General, and M. Van Hoog
Mr. Yao Nai-ting. secretary
of
posed of the queries raised by the Chamber.
ود
WE PAY HIGH PRICES for all gold and silver articles. Jade diamonds, jewels, watches, foun-- tain pens. Apply Far East Dia-
TRADE RELATIONS mond and Gold Refining Co.
SEVERED
CANBERRA, Feb. 28 (Reuter) Australia has severed trading re lations with Rumania which has been declared enemy territory. according to
an announcement
Room 621, China Building, 6th floor.
WANTED KNOWN
Why not learn an the Fancy yesterday.
latest Stitches for your dresses This is in conformity with the and Sweaters. ? recent extension of the British blockade to Rumania.
BROKERS LOANS
JOIN THE KNITTING CLASS AT $3.00 per month (T vice a week lesson). Please apply to Box No. 654 c/o HK.O.P.
New York, Feb. 27 (Reuter).. ORDERS TAKEN for hand-made 500 3.25 Loans on securities to bickers in sweaters, Ladies' jumpers, Babies'
catats, etc., at $5.00 each
40 413.00 New York: 700 10,70 Wk-ended Wk-ended Wk-ended workmanship,
22/2/40 20/2/41 27/2/41
3,840
*Sale on Thursday, Feb, 27." The total value is $60,285,00..
VIBRO PILING CO. DIVIDEND
for
Wool and mode: desired, to be | $472,000,000 $282,000,000 $332,000,000 suppiled by customer.
Beaid particulars of address, etc.. to Box 502, H.K.D.P.
LONDON METALS
Tin.
EXCHANGE London, Feb. 27 (Reuter).
Standard, Cash, Middle £265 -3/4. |-|
the Commission, arrived here yet-Straeten, head of the E, I. dele- The Directors of the Vibro Piling terday to confer with General gatlon, had another conference Co., Ltd., have recommended à Price, Kuang Hsu-chu, Chairman of the yesterday. It is understood that dividend of 50 cents per share in Tin Standard, 3 months, Middle Kwangs! Provincial Government, they were together for over three respect of the year ended Dec. 31, Price £262-5/8.
hours,
1940. on rehabilitation measure
Market weak
Experienced Book-keeper Wants Students to form a class. Guaran- tee students to keep a whole set of books after completion of a course
FOR JADED APPETITES!
HOTELS
REAL RUSSIAN FOOD
Tinn $1.20 • Dinner $1.50
METROPOLE HOTEL
PACKING CONTRACTOR
Any Kind of Articles will be Packed Carefully and Perfectly at Reasonable Charges Order will be Secured Promptly TOMINFAI
TELEPHONE 83237, 25827.
YING LEE CO.
REST CAMPHORWOOD TRUNKS NO. 8, QUEEN'S ROAD EAST,
WANCHAL --
PI
TAILOR LAM SHIV SHEK 334, Nathan Road, Kowloon, Tel 57712.
Guaranteed delivery 1 suit in 24 hours notice and 6 hours for a pair o trousers.
ENGRAVERS
FEI FEI & CO. Photo Engravere
18, Cochrane Street, Telephone No. 22224.
AUCTIONEERS
GREATEST COLLECTION HA BARGAINS IN TOWN!
LAMMIRTS AUCHON ROOM
of 6 months, For Term and Paramours, Becton, a than ticulars. Please Apply to-Box
No 462
</o H.K.D.P
TEA DANCE DAILY
EXCEPT MONDAYS
5 to 1.30 PM.
Jimmy's
BUTTERICK
Expert Ladies Tailor
New Style Ready Made Dresses,
Overcoats and Costumes
す
FOR SALE.
16, Wyndham Street, Tel. 23615
For Sale
Hong Kong Centenary
Envelopes
With Views-of Hongkong in 1841 and 1941
for
First Day Issue of
Centenary Stamps
at $1.00 per doz. Envelopes
GRACA & CO. Dealers in Postage Stamps. Garden Seeds, Picture Books, etc. No. 10 Wyndham Street.
Established 1896.
Hongkong.
No comments yet.
Private notes are available after approval.