1941-09-18 — Page 9

PACE 10-HONGKONG DAILY PRESS

War Throws Big Strain On Malayan Timber Industry

"War conditions threw a heavy strain on the timber industry which was (and with cônšinue to be hard put to meet emergency orders without dislocation of normal undertakings," states the an- nual report of the Forest Administration in Malays, including Brunel, Fuar 1940

It further states that last year, a further 347 square miles were gazetted under the Forest Reservation Ordinance, bringing the total area of reserves in the country to 10,879 square miles which is 204 per cent of the total land area,

emergency demands almost brought this trade to a standstill

The systemalle regeneration of face of wartime difficulties but lo- trees was undertaken over 144,556 cal arres, and was completed' over 5,844 acces Artificial reget:erallon was virtually restricted to experimen

FINANCE & GENERAL

THURSDAY, SEPTEMBER 18,

1941.

FOREIGN MARKETS & QUOTATIONS

LONDON STOCK EXCHANGE

(REUTER'S SERVICE)

London, Sept. 16. The following quotations are the middle prices at the close of the market in London. All quotations Firewood was both imported and are subject to confirmation and Bo exported in Increased quantities responsibility is assumed for errors Pa certain the reduction in net Imports indiku transmisslor. dibbling and planting cating torreased local (as opposed at hard woods was done on a small to entrepot participation in

trade scale, particularly in Perak.

I

+6

1:1

11

Of the 1000.000 acres set aside Two new mills were completed. for intensiv, management. 34.458 during the year. bringing the to have so far been fully regenerat! laj up to 80, but two did to work;

The scheme is not yet fully f these, 15 Are In the Strait

mere backward Se tiems, :be operative I states where the state and resour Eventual con ves are 81 large trol, It is pointed, will have to be on the basis of volume rather than

as far as the hard wouď

on arra are concerned

ן}

45

the F M S and 2010 the

The S the mills. cotauired output of all outside the S... was 123.183 1019 of 50 cubic feet, as compared with 95.580 tons from Penang and Sin gapore

The rise in the price of logs was Nel Imports included 155.496 me the tons of unmanufactured wood sharp but nothing could be effer products of which 81.941 tons were tively done to check H. 519 and In the form of logs from Sumatra more being charged for one to for conversion in Aingapore saw This was, to some extent, dur to mls Net exports of sawn timber wartime difficulties but was more were 32.851 Long which included 109,369 cuble feet for the United Kingdom market

ALMOST AT STANDSTIL This virtual doubling of the pre Viud ftgures was achieved in the

DEEP-SEA FISHING

----ནི་ཚ---

AT DEPTHS OF 200 TO 1,000 METRES

Deep-sea fishing along the coast

of Japan will soon take the place

of fishing accordance with the requiremen's of the Ines, says the Asahi

It possible to catch fish at a depth

than 6,000 metres. ABC De but it is practically impossible to bul edible 11sh in great numbers at suci a depth. Therefore, if deep-sea fishing on a commereld basis is to be made a success tas depth must be from 200 to 1,000 metres

on the high seas

The history of deep-sea fishing in this country dates back to the Mij. caught a!

were

Lite

a reauli of shortsighted rivalt amongst the millers

The plywood factory of Mala yan Collieries Ltd.

was consider. ably enlarged by the addition of machinery It turned out more over 1,500 000 sheet, with a aur - face area of about 20.000.000 square feet, more than double the previous

year's One

match factory new Installed, bringing the total to five but only four worked.

32

SUGAR PRICES

New York, Sept. 18 (Reuters

Kaw

NEW YORK SUGAR

Sugar Centrifugal. ship-

MONEY AND EXCHANGE

ment from Cuba, e & f. New York. CLOSING QUOTATIONS duty free:--

Raw Sagar Futures (Contract No. 1)

Telegraphic Transfer. 1/9 7/8 Bank Buils, on demand 1/2 7/8 Credits 4 months' sight

HONGKONG SHARE QUOTATIONS

STOCK EKOWANGE,

Buyway

Retire

Hala

Test Tiny's

Balor Repta

SHAREBROKERS' ABROCIATION

WEDNESDAY

Bayr

Bellers

Bales

17 SEPT

Banks

$1480 1.K. Banka .....

Do. (Col. Reg.)

£77,

BO

£93$

Da (Lon. Rog.) Chartered Banks

Mercantile Bks. "A". Morcantile 9ks. “"0".

£11

$76

Bank of East Asia.

N. C. & 6. Danks.

Insuraneca

Canton Insurance.

Union InPEDIA.

<60

$240

30

52 8/4

8435

9433

$1

Underwriters

102 1/4

$187

$187

H... Fires.

Shipping

$120

Greaster

Douglasen

82 5/4

$10

Stormboats

$90

$70

56/3

Volume of business done: -300

On demand

On Japan:--

On demand

Telegraphic and demand

J New York: A

Bank Bilis, on demand 24 16/16

Credis, 80 day: sight 20 b/8

20 Batavia:----

NEW YORK COTTON

Opening Closing

17.60/69 17.56/56

17.76/77 17,81 N

On demand

Bank Buying Rate dar Silver per os.

Market Report

FROM BOZA BROS

Wednesday, Sept. 17. Silver prices were quoted at 23.- 1/2 for Ready and 23.7/16 for For ward. Silver advices reported the market as being steady but quiet. American Silver was quoted at 34.- 3/4 for Spot.

I

Indo-China (Pret Indo-China Def.:

Shella

$6 55 Waterbonia

Docks, Wharves, Godowns, etc.

H.K. & K. Wharves Providents

$19.40 H.K. Docks (Old). H.X. Docks (New)

#354 +Shanghai Dooks

Η ΚΑΒΑΣΗ

Raaba

Mining

2 cts. Hong Kong Mines....

Lands. Hotels aud

Buildlogs

14/0

$72

$1490 £85

£776

ይሁኔ

£231

£11

#70

18 ct

專送30

$440

170 ote

$187

$120

$10!

$70

66/3

$64

$974

$7.34

$19.76

836

140 87.30

! ! ! !

890

$4.26

$ant $97

$48

$1480

Spot

3.50b

SEPT MBER 17, 1941. Jn London:-

Raw Sugar Futures (Contract No. 3)

Sept

2.74b/'75a

Jun

2.77b/79a

Jo Shanghai :-----

Mar.

2.77b/78a

On demand

£

May

2.79b, 800

in Singapore:--

the

War Loan, 3% Red

aiter 1952)

July

2.826,843

Defence Loan, 3% Canton K'loon Rly 5% Chinese 4%. Gold Loan

1898 Brit. Issue: Chinese 5 Gold Bonds

1925:47 Chin. 44% Anglo French

106-3 16.

1004 13

Sules for the day:27 Jets.

Jn India:-

Dec

211b 12!

4.4

Mar

2.08b/08/a

May

2.08b/084a

45

July

2.08th/099

16

Chinese 5 Crisp Loan

1912 Chinese 5% Reorg Loan

1913 1 Is.) Chinese 8 Ster Notes

1925 [Vickers> Chin: Imperial Rly 5%

Loan ......

On demand

...... 46 3/4

291

lots

B... bid

In Paris:-

4. -Asked WINNIPEG WHEAT

N--nomunal

Bark Bills, un demand Nom. Credits 4 months sight Nou.

897 $7.40

...

87.46/7...

$10.80

38

per bushel

m Balgon:-

10

Oct.

723 721

On demand

106

Dec.

744/748

Ja Manils:-

60

May

762 782

On demand

Hogan Rly. 5% 1905

14

CHICAGO WHEAT

On Bangkok :---

49 7/8

148

Hukuang Rly 5% 1911

(L.P. N/Y Issue)

15

......

Sept

WB

Hukuang Rly 5%. 1911

(German Issue! ung Taing & Hai

Rly 5%. 1913 S'hai N'king My 5% Tientsin Pukow Rly 54

(Bril Sipd.) Tientaln Pukow Rly 5%

German Stpd.) Tlentsin-Pukow Rly 5%.

Dec.

per bushel 1134/118 J212/1213

In Sterling Notes:--

Nom. 23 1/2

84.16 €4 $38) #38

#43

B., & Hotels....

$38,

H.K. Lands.

13

May

126/1251

1978

Do. 4% Debentures

Highest Dec.)

122;

#212 Shanghai Lad

1.3

84.16

84.10 H.K. Realties

$4.15 84.38

....

Lowest C

1201

$8

17

Humphrey

FR

Monday's sales

11,204,000

$100

398

Chinese Estates.

bushels.

Cotton Mills

13

848

Ewo (8.)..

8300

S'hai Cottons (15.)...

13

Zoong Binge (8.)......

0125

UCL

Brit. Stpd. Sup), Loan)

13

Dec.

17 80/82

The price of Jelutong rose to shu. Tientsin-Pukow Rly 5% #pikul. The total production of

Jan

17.87;38

$18.30 $18

18

(Ger. Stpd Supi. Loan)

13

Mar.

18.01/00 17.91/92

the refined grade was 1.452 tons. Jap 6. Ster. Loan. 1924 294-31)

Ger. 7% Intl Loan, 1824 realising $158.088

Chartered Bank

May

18.11/11

1804/04

B* $3)

H.E. TramWY*................... Peak Trams (old)..

$18.40

87$

Peak Trams (now).......

7

July

18 18 18

18:10/10

The London-New

York Cruss

$51Star Ferries........

164

9-5 16

Spot

18.28

Sz

S'hal Banking Corp (Ldn. Reg HK S'hal Banking

Corp (Col Reg Chinese Eng & Mining

(beare?)

17.88

rate was quoted at 402.1/2. New York-Landon was quoted at 413

824

F'mati Ferries.

$24

--

371

87.20

89.30

#2

Chins Lights (0;......) $7.10 China Lights (New)..

$7.20

$2.40

78

Lowest

す

..)

17.63

1/4.

834

6281

T/T on London

4.03-1/2

MARKET

85

34-3/4

Quiet

London Silver, Spot

23-1/2d

STERLING

15:6

Chosen Corporation Mercantile Bank of In

5/8

dio. 6, "C"

There were sellers at 1/3 up October, buvers at 1/31/32 for Cash

$13

$96

#24

Telephones (old).......

$9,30

89

Telophones (new).....

Industrials

Pekin Syndicate

1-

U. 3. DOLLARS

$40

S'ha Elec, Constr. Co

13.9

$35

S'hal Waterworks "A"

15

Belling 25.1/16

rate to Merchants

Cald., Macg. (Pref. 18

Cald., Meeg. (Ord.) §.

$1

Canton Ice......

175 ota

Union Insurance

22

$10

0172

#17/

Cements

3178

Gula Kalumpong Rubber

15

SHANGHAI DOLLARS

$10

Н.К. Кора

| 810.30

H.A. Govt Losse

Lain Mid. & Scot. Aly

151

Sellers at 511.

$101 4% Loan

101

Great Western Rly.

401

National Bank of India

SHANGHAI MARKET

$90 84%

(1984)

399

33

898

84%

BA, Tob. (bearer) Dunlop Rubber

93/1

35/104

Wharves, $97

of

Bristol Aeroplane Imperial Chemical Ind United Steel ... Woolworths

10/0

Providents, $7 45

32/3

Hotels, $4.15.

23/0

Lands, $38.25.

57-

Realties, $4.15.

7/9

18/6

143 9

Lights (New), $2.45.

Tran

品

Trad

68/10/

1 ex div

This is a parked falling of from last year and was due to a short. H.K.

age of abour rather than in the falling off in the amount of trees available Ter tapping Malaya T. Da

“BLACK-OUT” REGULATIONS UNSAFE

I was generally agreed at 2 lobsters when

meeting of the Executive Council depths by great

of fishermen of Chiba Prefecture and of the Automobile Association Kyushu.

Malaya held at Kuala Lumpur on It was only a year ago, however,Aug 17 that the present regula that some officials of the Agricultions governing the lighting

motor vehicles during "Black-out" periods is unsafe and unsatisfac- tory and that no uniformity exists between the regulations applying to the Straits Settlements and the F.M.8.

Sure aud Forestry Ministry and authorities 0 Ichthyology began to discuss the advisability of con- ducting derp-sea fishing along the Coast +>E Japan. Bubsequently.

large fishery amage of

confronted by heavy cerus mands, hegan to show great it terest in this new mode of fishing

which would not require Jasoline.

can- de-

much

ANXIOUS TO BOOST Soon, the Agriculture and Fores

let'er

It was decided that a should be written to the author. ties asking for permission to use

if desired. the British standard head lamp masks as an alterna-! tive.

It was disclosed that there had

try Ministry ever axious to boost been a slight decrease in the total

the supply for the nation, began membership but the steady

to advocate

fishing scheme,

deep-sea the печт

and so popular did the theory become that even- tually, it became the tople of the day among Japan's fishing com munities.

metres a

of new members continues,

Owing to the petrol restric- tion, some of the Road Scouts had to be withdrawn from service. The Scout at Came ron Highlands continues to be very useful.

It

Was deckled

to

w

approach

29

Marsman investments Western Holdings Sub-Nigel Shell

(bearer * bid

MR. YOSUKE MATSUOKA

SOLITARY LIFE WITH BOOKS

The grounds for deep-sea fish-

Yosuke Matsuoka, former For- ing are at depths ranging from

couple of Government again with a view to eign Minister, is leading a seclud- 200 to 1,000

his villa in Outernba miles away from the shores. and incorporating the Offside Rule in ed life at

Codes of Malaya. near the base of Mt. Fuji in the Japan Sea has such grounds the Highway

Shidzucka Prefecture, says the Motorists in Malaya have now covering an area of 140,000 square

the rule and Japan Chronicle. nautical miles between the Noto voluntary adopted

A reporter found Mr. Matsuoka peninsula and Tsushima Island. how a large number of Australian

Transport drivers are at his villa where he had just re- There are some 300 kinds of deep-Motor

in turned from an hour's ramble in sea fish, but only a dozen or so adopting it as it is common

the neighbouring hills with his are edible.

their country.

Highest (Dec.

Silver, Official Rate

H.K. Stock Exchange

Wednesday, Sept. 17

BUYERS

Canton Ins., $240.

H.K. Fire Ins.. $187.50.

Official rates, seliers of Sterling

at 3.5/32 and U.S. Dollars at 5.5/10.

Shanghai Exchange

Shanghai, Sept 16 (Reuler)

Official T.T. Rates

Union Ins., $435.

Chinese Estates, $100.25.

Lights (Old), $7,35

Telephones (New), $9.30.

Cements, $10.75

Dalry Farms. $19.75 Watsons, $13,25.

SELLERS

Docks. $20.10 Hotels, $4 25. Lands, $38.50, Lights (Old), $7.39. Electric Rts.. $14 Sandakan Lights, $13.

SALES

Docks, $19.75/20. Providents, $7.50. Hotels, 34.20. Landis, $38.50/38,25. Trams, $18.30 Lights (Old), $7.50. Lights (New), $2,50. Electrics (New), $23,75. Cements, $17.2b Watsons, $13,40.

The main objectives of deep-sed It was announced that $45,000 wife, Mrs. Tatsuko Matsuoka, and HONGKONG fishing in the Japan Sea at pre-has already been donated to sent are cod, flat-fish, a few kinds War Fund towards the purchase

the his fourth son, Shiro Matsuoka,

The former Foreign Minister was

B

of seabream, and tuma, and along of a Fighter plane in the name dressed in the Pacific coast, cod horned of the stark, and flat-fish.

dark blue cotton { motorists of Mataya. A

kimono and mompe which he had has now been added to the donned for his walk. With a hig Usually, two methods, are used top of A.A. badge and old badges stick in one hand and wearing a In this type of fishing, namely, to may now be exchanged for the triangular straw, hat made in the comb the sea-bottom with nets few type which are mulea long and dragged dollar.

by many tiny boats, and to hang

down long lines with

numerous

balts to the sea-bed,

OR payment of one Loochoo

9.5

SHAREBROKERS:

ASSOCIATION

London

New York

Japan

India

Paris

Hongkong

The

Silver Duty Rat

812

294

Wing On Textiles (8.

Public Utilities

$246 H.K. Electrics X.R.(0)

H. K. Klectrics(Now)....... $13.85 H.K. Electric (Rts.)

$164can Ebotrios

Fleetrios

$13.10 Bandakan Lights......

(1940)

MiscellaneoTLA

820.30 Dairy Farms..........

Entertainments

$1.60 Constructions (old).. 80 ota. Constructions (now)... 16.45 Lane Crawforda....... Nanyang Tobacco...... #21

*

i

#305

#26

#9)

$20 $7 $1.65

$6.45

$5.00

Sinceres

$3,40

#131

Watsone

Opening

842

G5, 1925-G $Bdə

0/8-5/32

$39

1.K. Wing On

$49

6-5/18

S'hai Wing On

$14

$7.30

anquoted

Vibro Piling.........

210

Marsmans Isr. (Lon.)

1177"

anquoted

IE

Central Bank of China's

rate an London at 10 am, today was 1/2-1/28.

The Equalisation rate was 24

per cen

India Ruper Paper

Bombay, Sept. 16 (Reuter). Govt. 31 per cent, Rupee, 98-0-0

LONDON GOLD

London, Sept. 16 (Reuter). Bar Gold, Fine per oz, 168/-

1/0

$14

Maresians Inv. (H.K.)

Wm. Powells..

A. Chemical (HK) 6.80

†Sule to Shanghai

SILVER MARKET

LONDON SILVEK

London, Sept. 16 (Reater). Silver.-Market

quietly

steady

with continued mall trade de- mand satisfied

Spot, 23-1/2d.

Forward, 33-7/184

BOMBAY SILVER

Bombay, Sept. 16 (Reuter).

LONDON METALS

EXCHANGE

London, Sept. 16 (Router). Tin, Standard, Cash, Middle Price, buyera £256-3/4, sellers

£257.

Tin, Standard, 3 Months, Middle Price, buyers £259-1/2, sellers

£280.

Market fairly active with con sumer demand for nears anding

Market-Steady, offtake 100 bars.sellers more' wiling. Sellers of $3

Ready

Indian Mint Silver

03--00-3 Oct. 14 Settlement..... 63.00-8 Nov. 15 Settlement ..... 63-04-9

months" maintained their previous level but buyers were apathetic. After hours. prices were unchang- ed with no business.

INDO-CHINA

Votume of Business Transacted STEAM NAVIGATION COMPANY LTD

on Wednesday, Sept. 17, 1941.

SALES Matsuoka China Lights (0) islands, Mr.

2,200 $ 7.40 looked like a travelling priest.

25 China Lights (N)... "I am satisfied to know that I have done my best Foreign Cements WASHINGTON, Sept. 17 (Router) Master during the one-year One defect of deep-sea fish is The House of Representatives ported of my appointment," said Docka that their meat is not as deficitus yesterday without the call of Mr. Matsuoka. as those caught in the

waters vote prompty approved the £809,- "I concentrated all my energies nonror to the surface, and until 000.000 compromise version of the on my work. With books as my recently, deep-sea fish have been Defence Tax Blil, thus clearing companions, I will load a solitary H.K. Hotels ford. a crate containing some the way for final action today by to from now and try to recover

GB0d

Rb

fertiliser andi

*

749

2.50 2.50

500 17.29

.250

17,80

300 19.75

HK. Docks

1,000

20.00

33

20.15

20.15

500 4:23

chicken

500 4.20

pounds of fish being sold for 50

the Senate,

饅

I was in office so that I may be HK. Mectrios (N)

serve the nation NEW YORK, Sept. 17 (Router) flt again

*The International situation

the 24 pounds which I lost while

1.000

4.10

100

23,60

100

23.78

to

A.S. Watsons

200 13.45

60,000

0.02

as

57,349

Germany,

The total value is $74,002,00.

son. The dearth of fish in Japan

of late, however, has boosted the

price of deep-soa Ilnb. and some The dooth le announced of Mr. again, if the need should arise. HK Mines people have become accustomed Alanson Bigelow Houghton, who

to eating them when tiles, bar was Ambassador to Britain front viewed from the top of a moun dinos, mackerels, salmon and other 1926 to 1020 and for three years tain possesses different aspects. delicious shallow water fish are before that was Ambassador to I wonder if this sham priest can

'become a real one by training:" not available.

Operating Services for Cargo and Passengers

TO

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OSAKA

BINGAPORE PENANG and CALCUTTA-

SANDAKAN

HA PHONG

All steamers berth alongside the Roosevelt Terminal irs.

the French Concassion #1

Bhaugbal, where passengers and cargo are landed.

For further particularai"

please apply rộn

JARDINE

ARDINE MATHESON&Co.,L