1941-07-15 — Page 8

PAGE 8-HONGKONG DAILY PRESS

Finance and Commerce

OVER EIGHT THOUSAND SCHOOLS ESTABLISHED IN KWANGTUNG

SHIUKWAN, July 14 (Central)

FINANCE

HONGKONG SHARE QUOTATIONS

SHARKBROKERS› ASSOCIATION

Buyer *Belförs

Bebelus

STOCK EXCHANGE.

Пауста Beilers Sales Nom!ma]

MONDAY

MONEY AND EXCHANGE

14 JULY. Banka

1400

H.K. Banks

$1400

ZES

Do. (Col. Reg.)...

£81

Do. (Lon. Reg.).

£81

ERZ

Charter Ad Bankı"......

293

Maresatile BEB. "A"

Mercantile Bk. "C".

£11

JULY 14, 1941.

$75

Bank of East Asia.

$75

19 ctr

Telegraphic Transfer. 1/2 7{- Bank Bills, on demand 1/2 7/8 Credits 4 months' sigtit

#225

$185

On demand

165

52 3/4

Altogether 8,536 mass Education CLOSING QUOTATIONS schools have been established during the past five months in 65 towns in Kwangtung, including Kukong, Melhsten and Hingning, Mr. Huang Ling-sha, Commissioner of Education, revealed

the at

Provincial In London:- People's Political Counell which is now in session here. He added that by the end of this year some 4.900 more will be established in other parts of the province.

Bome 11,861 persons have been found eligible as teachers and 1,158

COMMODITY PRICES of them have been employed,

IN FREE CHINA

Stability Maintained

In Last Six Months

Mr. Huang further disclosed that the mass education budget this year had been increased to $1,300,000, as against over

$730,000 of last year.

On

Mr. Yun Chao-kun. Qeneral CHUNGKING, July 14 (Central) Manager of the Kwangtung Pro- --- Prices of commodities in Free vincial Bank, reporting the China except those of food have financial situation of the province, been stable in general during the said that during the year 1940 the last six months, according to statis-total overseas Chinese remittance ples compiled by economic research was $83,223,500, representating institutes. Four reasons are given; increase of $52.700,000 over that

Firstly, all factories removed; of 1939. From January to the Interior from the sea- this year the remittance amounted board have resumed work and to over $38,440,000

CREDIT LOANS

On Shanghai:-

On Singapore:—

On demand On Japan

On demand

On India:-

1-2 3/4

Telegraphic Transfer. Les 6/6

and demand

on New York:-

Bank Bills, on demand 24 1/6 Credlis, 60 days sight 24 7/8

Jn Batavia:

On Bangkok:---

On demana

a large number of new fac- tories have been set up. Pro- He revealed that the Bank had duction has subsequently been extended * total of $32,000,000 increased. Self-sufficiency in credit loans during the last few On Sterling Notes:- soap, leather and other manu-years for agricultural development, factured goods has

at-Or the amount. been tained;

Secondly, government control over commodity prices has produced effect;

Bank Buying Rate some $13,000,000 Ber Silver për oz.

was extended from January to April this year.

Market Report

1

N. C. & 8. Banka..

Insurances

Canton Insurances

$400 Union Intrances.

Underwriters

R.K. Fires.....

Shipping

$120 Douglases

Indo Chinas (Prof.)...

$8

$90

$70

46/0

890

+++

$5.95 $0.05 $8.024

A

Steamboats

Indo-Chinas (Def.}

Sholls

$8.50 Waterbosta

Docks, Wharves,

Godowns, etc.

H.K. & R. Wharves. Providenta 815.70 H.K. Docks (Old)..... $15,50]

30+hanghai Dooks..

Keilans

Mining

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

H.K. Realties.

Hamplareys......

H.K. & 8. Hotela..... H.K. Lands................ #874D. 4% Debentures... $18 10 Shanghas Lands.......

Chinese statem...................... Cotton Mille

S'hai Cottons (9.).... Zoong Sings (8.)...... Wing On Textiles (8

Public Utilities

375 cta.

$185

Gada ⠀ ⠀ Leaf at t #

$76 40/10€

201

800

#6/8.02!

TUESDAY, JULY 15, 1941.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital $50,000,000-|

INDIA, AUSTRALIA

AND CHINA

Issued & Fully Paid-Up 820,000,000 Incorporated by Boyal Charter, 1858

Reserve Funds:

Sterling

£6,500,000 Paid-Up Capital B.K. Currency Reserve $30,000,000 Reserve Fund Reserve Liability of

Proprietors

$3,000,000 £3,000,000

$20,000,000

Reserve Liability of Pro

prietor's

£3,000,000

Head Office:-HONG KONG

Board of Directora:

Chairman.

Hon. Mr. J. J. Paterson,

W. H. Lock. Esq.,

Deputy Chairman.

J. K. Bousfeld, Esq., A. H. Compton, Esq., LJ. Davies, Esq.

Hon. Mr. S. H. Dodwell, G. Miskin, Esq.,

K. S. Morrison, Esq.,

Hon Mr. T. E. Pearos,

Hon. Mr. A. L. Shields,

HEAD OFFICE: LONDON:

38, Bishopsgate E.C.2. Sub-Agencies In London: 117/122, Leadenhall Street, E.0.3. West End Branch: 14/10, Cookspur Stroot, S.W.1. Manchester Branch: 52, Mosley Street, Manchester,

AGENCIES AND BRANCHES:

ALOR STAR AMRITBAR

RANGOON

HONG KONG PENANG ILDILO IPOH

BANGKOK

BATAVIA

KARACHI

KLANG

КОВЕ

Sir Vandeleur M. Grayburn, BOMBAY

Chief Manager. j CALCUTTA

Branches: Johore Rangoon Kobe

AGENCIES OLIVE STERET BAIRIN PLACE

CANTON

Saigon JAWNPORE San

CEGU Francisco COLOMBO

Singapore HAIPHONG

Patani

HANKOW

KUALA

LUMPUR KUCHING

BAIGON

BEREMBAN

SHANGHAI

SINGAPORE

SITIAWAN

BOUBABAYA

SALPING

MADRASIENTRIN

· MANTLA

MEDAN

NEW YORK PEIPING

(Peking)

TONGKAR

(Bhuket) TSINGTAO

YOKOHAMA

FOREIGN EXCHANGE and General Banking Business transacted,

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for Ona Year or shorter perioda in Local or Other Currencies at rates which will be quoted on application.

on

On demand Paris:—

12/6

a11

to April On

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

29

Roobe

2 cts. 3 ate,

Hong Kong Mines......

On demand

104 1/2

Lands, Hotels and Buildings

Amoy

Jo Manila:-

$3.80

$3.00

Bangkok

..

#3]

On demand

48 1/4

Batavia

Kowloon

#35) #35)

$30

$86

$974

Bombay

Kuala

Calcutta

Lumpur Shanghai DELHI

149 1/2

$3.40

$2.36

3.40

Canton

London

Now.

201 #101

$8.80

Chefoo

Lyons

Sourabaya

Colombo

Malacca

Sungei

23 1/4

Dairen

Manila

841

Foochow

Muar

Swatow

Ewo (8.)

#1

8305

Haiphong

(Johore) Tientsin

#206

Hankow

Mukden Tokyo

Harbin

New York Tsingtao

$125

Iloilo

Ipoh

817.40 $17

07

H.K. Tramways...................... Peak Trams (old)...

$17

CURRENT

$8

Peak Trams (now)...

$535 $22

Star Ferries.....................

$54

Y'mati Ferries..

$88.60

$6.05

China Lighte 10...... 88.08

$0.10

CTOSB-

$1.40 China Lights (New)... $1.40

New

$22

X.Ets.

{H. K. Electric (Old)........

X.R.

#226

#21

H.K, Electrion! New)...

#213

$11

B.K. Electrio (Rte)

$18,30

Macao Electrics

9114

various sizes to let.

TRUSTEE and

$8.95

$12) Bandskap Lights. $23.10 Telephones fold).......

Telephones (now).....

Industriala

X.D.

During the past nine days of the Council's session, more

than

Thirdly. the government has been encouraging the import economic reconstruction, admini

80 important proposals relating to

of many articles and proving means portation,

Of

Im-strative reforms, education and trans- other problems have been submit Every facility has ted for discussion. been given to the import

of such articles

a

8850- ISLE OF MAN

Hne, cotton yarn Iron and steel. As a result, there is a

fair stock of imported articles: BANS EXPORT

Fourthly. the international situation is favourable to China OF

and China is maintaining her Initiative in the battlefields

CARRIER-PIGEONS USED IN KIANGSI KIAN, July 14 (Central) - Car rter-pigeons have been trained by the Klangst Reconstruction De partemnt for the delivery of malts to Klangst.

PORK PIES

No more pork pies will be sent at present from the Isle of Man to people in England. An order by the Manx Government prohibits the export of all cooked meat,

The only exception will be ham sandwiches and other "snacks" car- rled by travellers for consumption in the steamer.

The Mank Government had al- ready banned the export of fresh The use of carrier-pigeons for meat from Manxland, but a num delivering mails was successfully be of the island's residents have tested between the National Chung, been sending pork ples to friends Cheng University campus and and relatives in England. Slaotangchow. About one

Many people have also been was taken to cover the trip of warned that the sending of bacon some five miles.

and slices of beef to other places

hour

Delivery of malls by

carrier pigeons will soon be inaugurated

between Talho and Kian

OBSERVATORY FOR

FUKIEN

YUNGAN, July 14 (Central)

FROM BOZA BROS.

Monday, July 14. Silver prices were unchanged over the week-end, the quotations remaining at 23.1/4 for both Ready and Korward. American Silver was not quoted

The London/New York rate was quoted at 402.1/2. York/London was quoted at 409-

1/2

Quiet

MARKET

STERLING

There were sellers at 1/3 up to

September, buyers at 1/3.1/82 for

any delivery.

U. 8. DOLLARS

No business was reported. There were sellers at 24.1/2 for near and

her, buyers at 24.0/16 for a small seller at 24.9/16 Septem-

and 24.5/8 for forward

Macao Efentrion

$30 Cald., Magg. (Ord.) 8.)

$25

Cald., Maog. (Pref)S

#1

Canton Ices.

Cements

A.K. Ropes

75 sts. $15.40 $8.80

HR, Goel. Lonza

Cash

8044

#97 4% Loan 8级

(1884).

041

894 31%

819

Dairy Fazine..

$0

Entertainmente ........

SHANGHAI DOLLARS Opened with sellers at 405 but 463, 461.1/2, 481 and later at 482 business was dorie subsequently at

(1940).

MiscellaneonB

Constructions (old)..

80 ots. Constructions (new)..

16 45 Lane Crawfords...

$1.70

1/4. The market closed at lunch time with sellers at 462, buyers at 469

SHANGHAI MARKET Sterling opened with sellers at

810,96

$42

$39

is a punishable offence. It is sus- 3.7/32 and then firmed up to 3.17/ pected that traffic has been going 64. At the close the market was re- on in this, as meat is not rationed ported as being easter with sellera

There

at 3.15/64 for Spot. U.S. Dollars have been instances of visitors taking away

with them opened with sellers at 5.9/32 with meat and bacon,

in the Isle of Man.

business done subsequently at 5.11/

32. Towards the close the market

A closer watch is now being kept was easter and sellers were report-

passengers leaving

all

The Fukien Provincial Govern-on ment has allotted $200,000 for the island. construction of an observatory at Yungan in the interior of Fukten and orders for the necessary equipment have been placed with

It 14

a California observatory,

installation of the observatory understood. will be under the technical supervision of the Societe Astronomique de Chine

SHANGHAI LOAN TO

BRITISH GOVT.

SHANGHAI, July 14 (Reuter- War Savings ́ ́ ́and" "Investment Week in Shanghai, which "was” be- gun on July 9, has produced over £30,000 in four days, it is reveal- ed today.

All money loaned to the British Goverment is being invested in two and a half per cent national

war bonds.

The campaign is being run Lalong the Hnes of War Weapons Week in Britain recently," "which producea £120,000,000 in London alone.

CREDIT LOANS TO ANHWEI FARMERS Arrangement for the apportion- ing of the $13,000,000 credit Joans to farmers among the various-dis tricts in Anhwel has been made by Gen. Huang Bhao-hung, Director of the Southern Anhwed Office of the, National Military Council, after consultations with the banking and

Anancial circies of the province,

H.K. Stock Exchange

Monday, July 14. BUYERS

the

H.K. Govt 3% Loan (1934), 944. H.K. Banks, $1400. Cantun Is., $225. H.K. Fire Ins., $185. Humphreys, $6.50. Realtles, $3.49. Chinese Estates, $101. Lights (0) $6.05. Lights (N) 81.407 Electrics (N), $21. Telephones (N), $2.95. Cements, $15.25. Ropes, $8.75. Sinceres, $2.50.

BELLERS

Hotels, $3.80. Lands, $36.75, Trams, $17.96. Lights (O), $6.10. Lights (N), $1.50. Electrics Rts," $11.40.

SALES

H.K. Banks, $1410/25. Docks, $15.00. Providents, $6.

Trame, $17.40. Lights TO $6.05/073. Bootries (O) KRts, $22.50: Electrics Ets., $11.30. Lights Rts, 40 Oks Cements, $16.26. Constructioną (0), #1.09.

The

IRAQ RAW COTTON According to the arrangement, $5,000,000 will be extended to ton LA, July 14 (Router) distrista in the roar. 7080,800 to Indian Government has deelded to 12 districts near the front and $1, give general permission for the

ed only at 5,9/32 for Spot,

AFTERNOON MARKET

Quiet.

STERLING

The market closed with sellers

at 1/3 up to September, buyers al 1/3.1/32 for any delivery.

U. 8. DOLLARS

The market closed with sellers at 24.1/2 for near and 24.9/16 September, buyers at 24.9/16 for Costi.

$1.40

HONGKONG

Nanyang

Sinceres

Watsons

Tobacco......

Ch. 0.5% 1925G$Bda

4.K. Wing On

S'hai Wing Or

$7.20 Vibro Piling

5/2

Marsmans Inv. (Lon.1

2/1 Marsaus Ipv. (H.Ë.)

1

***

Win Powells..

Lights Re...

+Bale to Shanghai

SHAREBROKERS:

ASSOCIATION

Volame of Business Transgeted

Priping Yokohama

Pensag

SAVINGS ACCOUwrs also opened in ACCOUNTS opened in Local Currency and Sterling with LOCAL CURRENCY and FIXED DR interest allowed at rates obtainable POSITS received for one year or on application.

shorter periods in Local and other! The Bank's Head Office in London Currencies on terms which will be undertakes Executor and Trustee quoted on application.

business, and claims recovery of

SAFE DEPOSIT BOXES of British Income Tax overpaid, on

EXECUTOR business undertaken. Hongkong, 28th February, 1941.

HONGKONG SAVINGS

BANK

The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR 97.PORATION. Rales may be ab

tained on application.

For the HONGKONG & SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong, 25th Feb., 1989.

$194 $6

$1.65

86.45

93.80

$24

+

$10.00

28

$42

$14

*****

THREE FACTORIES FOR KWANGTUNG SHIUKWAN, July 14 (Central) To increase wartime production the Kwangtung Provincial Gov- ernment has decided to establish a spinning factory, a weaving fac 5 31.425.00 tory and a flour mill at an undis-

6.95, closed place.

on Monday, July 14, 1941. BALES

H.K. Banks........... China Eights (0) 500

An appropriation of $1,700,000 6.10 has been made and a preparatory 11.30 committee has been formed with 11.30 Mr. Tseng Chi-chuan as director 15.25 and Messrs. Chang Shu-Ju and 91.00 Chang Tse-farig as engineers

6.001 15.90 China Bus

500 Боб

8.10

•

H.K. Electrics Ris. 50 200 Cements

500 HK. Wharves ...... : 25- China Providents 500- HR. Dock... Dairy Farms

100

100

19.00

100

19:00

SHANGHAI DOLLARS Business was done early in the afternoon at 480.1/2. The market closed with sellers at 480.1/2, buy- ers at 461.1/2,

SHANGHAI MARKET Quiet. There were sellers of Sterling for near delivery at` 3.1/4; and U.S. Dollars at 5:5/16 for Spot,

50

19.00

4,130

Macau Electrics 1,000. 18:00 The total value is $50,015.00

THE CHASE BANK

15, QUEEN'S ROAD, CENTRAL

HEAD OFFICE:

18, PINE STREET,

NEW YORK.

An American Bank offering com

plete Foreign Banking Service la the principal Markets of the world.

SAFE DEPOSIT BOXES

terms which may be ascertained at any of the Agencies and Branches. W. H, EVANS THOMAS,

Manager.

BANK OF EAST ASIA, LIMITED

Authorised Capital...$10,000,000.00 Paid-Up Capital ...... 5,598,600.00 Reserve and Undivided

Profits

2,983,261,50

Head Office:-HONG KONG No. 10 Des Voeux Road, Central

Board of Directors: HON. SIR SHOUHON CHow, Chairman Lt Koos Chun. Eng. Là Lan Sang, Esq. P. K Kwok, Eagl Wong Chm San, Esq. Wong Tan Tong, Esq. Fang Phig Wah Esq.

KAN TONG Po, Esa, Chief Manager Hon. Mr. Li Tse Fosa, Manager

Branches and Agencies;" Amoy Kowloom Penang Singapore

Batavia

Bocubay

Loudon

Manila Baigor

Mobodran Ban Fran. Bydney: Nagasaka

Chleuste

elsos lentein;

Hakow

New York

Beattie

Honninin

Robe

Polpice

Thought

Bergstar

Every description of Banking and

This Bark is a subsidiary of The Chase National Bank, New York, with Resources of over Exchange business transacted. Loans U.S.$.3,800,000,000,

granted on approved securities, fe

DL. BALLANTYNE,

12th June 1941,

Manager.

WANT-ADS ARE SURE!

Shanghai Exchange NDO-CHINA

Shanghai, July 14 (Renter).

QHAI TÁT Tele

London New York Japan India Hongkong Paris

Opening STEAM NAVIGATION COMPANIAR7

..40/9-3/16

....... 5-1/8

Operating Services for Cargo anil Passengers

21-3/4

17-5/8

TO-

21-1/8

nominal

Sterling

·Gellers............ opening Closing @pot0/3-7/92--0/8-1/4- July 0/3-7/32 0/3-1/4 Aug. 0/3-7/820/3-1/4.

0.8, Dollars

Spot

85-0/32 3-5/10 July "l_6-9/3200/32 Aug 0-9/32: 5-9/32 Market: Inclined to be enny.

Sliver Daly Rate

The Central Bank of China's

000,000 will be used to finance con- Importation of raw cotton from rate on London at 10 am today nervancy river conservancy works. Iraq provided that it has not been was.1/2-1/2d The money is expected to be re- previously, imported there from leased shortlyCentral Nowa Folsewhere.

The Equalisation rate was 23-1/4 | per ocht,

SWATOW, SHANGHAI, THINGTÂU, CHEFOO.

and TIENTSIN

KOBE and OSAKA

BINGAPORE, PENANG and CALCUTTA SANDAKAN

HAIPHONG

All steamers berth alongside the Roosevelt Terminal in the French Concessioni at Shanghai, where passengers and cargo are lazied

For farbber particularg

Current Accounts opened in Lossl Currency and Fixed Deposite re ceived for one year or shorter. periods in Local and Foreign Our- rencies on terms which will be quoted on application,

SAPE DEPOSIT Boxes To Lex

KAN TONG PO

Chief Manager.

BANK OF CHINA

Specially Chartered by

THE NATIONAL GOVERNMENT OF CHINA ASTAN INTERNATIONAL EXCHANGE

BANK.

PAID UP CAPITAL $40,000,000.00 (BBANOKES ALL OVER CHINA)

to our numerous Branib”

in China sad coniectione in.

principal Commernials

the World we are able

to our Cliente spedial Domestic and Foreign Bank Exchange

FOANT

SWA

SHTU HOW WE

BHOW

SILANGHAT