FAR EASTERN ECONOMIC REVIEW
APRIL 17, 1060
HONGKONG LOOK-SEE
(Note to sub-editor: If you cut one line of this item, I'll resign from this column!). The Editor of this worthy publication, for some time now regarded something of a gadily by the Establish- ment, is walking about wearing a rather pinkly embarrassed smile these days as I can personally witness. The explana- tion is simple: suddenly, out of the blue and for the first time ever, an invitation has arrived to the Queen's Birthday Garden Party.
I leave readers to judge whether he should feel pleased or threatened. The local establishment has silenced many a critic in the past simply by co-opting him (although the experiment of kicking Elsie upstairs to the Transport Advisory Com- mittee only succeeded in getting her to talk more sense un transport matters). Will an afternoon 'midst the morning coats and the flower hats make a bour- geois revisionist out of a dangerous revolutionary? Watch this space.
# 1 BLFUSE to add to the perfectly justified chorus of derision for the visiting
MPs who proved so fast in shooting from the lip. Their arrogance in pontificating about an ecomomy which could teach theirs a thing or two has been adequately dealt with in correspondence columns. But what did Mr Jones mean about our having to bear with Britain's penury be cause it had bankrupted itself defending half the world between 1939 and 1945? There was a certain amount of lighting in this region against the Japanese even before those · dates, And neither West Germany nor Japan were very far off bankruptcy in 1945. Blame the Welfare State, the failure to export, the strain of maintaining a reserve currency, foreign expenditures, the trade unions, manage- ment, the unpopularity of a good day's blame anything, but let's not work have an attempt to strum sentimental heart-strings about Britain's World War I effort especially in a region from which British forces are beating the second hasty retreat in 30 years. Mr Jones put up a spirited defence for Lan- cashire's textile industry on last week's Radio Hongkong's discussion, but it was good to hear the cogent attack launched in the bluff North Country tones of Mr Dennis Lyth who made it clear just why Lancashire needs protection. Mr Jones' judgement was best demonstrated when he singled out local Education and Social Welfare for praise. Give him a couple of days and he'll be eulogising the
Labour Department.
coup hardly believe my eyes when I saw a headline in one of our local tabloids the other day reading: "FEI OFF TO TAIWAN". But it was not a major political defection; the Fei in question was a footballer.
a
ANOTHER headline which caught my eye in our local "respectable" paper this time was on Tuesday of last week: “MCC tour of Africa may be called oif”. The sub-editor had obviously not bothered to read the AFP copy: the story concern- ed the possible cancellation of South Africa's cricket tour of Britain next year. ♫ SOMETIMES I get the feeling that our local newspapers are trying to pro- On duce
brand of pidgin. new April 9 the China Mail reported the death of a boy who set fire to a tin of petrol: "He found a tin and a box of match. Curious, he lit a match to the tin and was immediately gulfed by the flame jetting out from the tin". On Sunday, April 6, the Hongkong Standard ran a story about soccer shamateurismu, which described Mr Wilson Wang as “honourable president" of the SCAA and quoted him as saying: “Since the 1969-70 league season is almost finish, we hope to make any effort to clean up the problem when our next league season start in September”.
Quotations for Selected Hongkong Shares.
lung yen
Cloning
Sale Rate
Up or
Share
II X. Bank
i ond. Reg. Back of E.A. Lombard Ins China Cod. Hutchison
April 11 173.64
Dow's
Rates 1569 Lew Previous High
Week
$
1.0
Interim $
Dividends
Yeurly
Final $
Closing Sale Rate
Up or Down
Dividends
Yearly
00
Yield
op
*.
Share
174.00
212.00
214.
170 0
2.50
3.268
5.12
Peak Trants
17i.')
2.10
5.263
5.12
(P. P.)
Apud 11
32.0021 17.5in
Rates 1960 Previous Ilich Low
Week
$
$
or
Interim Final
$
Yield
*
*%
32.00
12.00
2.50
7.41
17.50
17.50
1.35
714
70.00
114.00
70.00
3.50 +
6.43
China Eight
4.5.)
+ 0.50
41.
37.00
2.70
..
H.K. Hec
21.80 20.00
*1.'es
17.00
*.00
0.50
5.45
Macao estric
4.00n
10.79
0.40
14.00
12.00
0.10 &
H.K. Tel
24.50
0.25 0.40
5.91
H.K. Gat
12.60
Allied Invest
1.K. Iaves.
*.10 17.50
201
*.15
015
4.310
Jardine
31.2%
+0.14
16.00
(1,541
0.70
G.I. Cement
22.88
Metal Ind.
6.3%
# +!
0.10
36.50
21.10
1.25
4.73
01.40
31.
27.50 09.0
1.10
6.55
0 20
4.100 30.25
1,50
NIL
MIL
26 fu
0.55
1.70
6.60
14.4
15,39
€1,40
{ ?
741
0.75
42.75
2100
41.10
(173
24.50
21.0
NIL
NIL
- 41.35
100 盈
Javest.
7.40
5.60
4047%
-17 15
1.40
1).(14
好吧
6.11
Amoy Can
(0.00
24.000
3.60
..
19.37
Vic. Inti Icv,
12
8.04
W.IN
Watson
63.50
+ 0.50
22.06
61.54 1.20
4.20
7 34
JP S C.
5.49
5.+0
0.06
th
2.ST
H.K. Breweries
43.75
1.25
64.AME
17.75
2.90
4,"
Wheelock
10,50
A
11.50
9,201
0.25
0.40
4.19
HALCO
45.24 -- 11,28
48.75
41.50
1.00
7.07
I'. Waterbuat
14.344
18.30
15.30
} 40
9.52
Dany sem
64,00 + 0.50
15 00
46.78 1.70
2.50911 7.94
Maia Nav.
1.94
ODS
4.00
Iane Crawford
34.50
18.00
€1,50
1.00
130
HK What 1x Div
iPad
--- ** :)
20,30
1.29
૬.*;
721
Sincere
7.750
MANG
6.10
NIL
2.1
ILK. Dock
44.25
42. M
2.5+
A.7%
Chine Emp.
19,0
19.1/
30.03
1."
6.12
China ProT.
1910
14.40
0.52
£1,50
7.89
Sun Co. Ltd
2,958
4.IN)
2.75
677
Tikoo Pock
31.25
24.10
1.40
LAX:
X.00
K. S. Hong
174.000€
TAKIN
174.00
6.00
99,00
11 X. Land
56,50
- 04
66,511
SS.Im
3.85
2.10
6.54
Wing On
2,40
101,00
99.00
Exp
11 K. Realty
1.43
0.01
1.92
1.62
DAĞ
1.6%
China
Fal.
23.08
24.00 +07.40
$.48
2.502
XIL
MI.
Humphreys
21.48
+ 4.20
2470
21.30
01,60
1.78
8.41
ILK. Const.
14,000
17,40
14.00
0.75
7.000
Local P. & P.
31 R
My (0
2.75
8.7
Vibro Pil
1,000
1.000
NIL
NII
H.. Hotels
City Hotels
31.09 12.442
200 -0.20
34.0
$8,90
2.10)
41.45
Textile Corp.
12.600
-- 01,50)
14.200
* 40
0.15 #1.4.4
5.9%
12.4
11.20
0.78
5.5%
Nanyang Mills
12.20
1.30
14.50
17.10
0,5%
2.87
Chinese Estates
Star Terry
720.00a 13.50
720.01
IEM ===
9.70
5. Sea Textile
21.40
-- 1.20
26.60
17,90
10
**
6.20
12.42
1 sa
Text. All
25.90
+0.30
20,fal
24.20
3.000
Yumati Ex. Div, 45.75
1.34
45,75
1,13
1.000
8.74
Rubber Tirst
7.30
-0.10
7.50
4.7%
0.00
0.42
7 04
HK. Tramway
KAL.B.
CM.B.
1041 31.5 24.40
13,30
in to
0.15
*.*{
+ 4.44
35,00
28 40
1.00
25.69
23.60
1.30
1.17 5.11
-Nominal
Autopated
Dividends paid quarterly, Source: Weekly Report, Hongkong Stock Exchange Lid,
•
Plus Banus
: $0.79
Amal Rubber Shanghai Kel. Sungala
† 20
1+ $0.50
2.435
- 0,30
2424
1.700
0,07
(1.4)
6.24
1.3
+1.4
1.60
0.97
0.03
1.**
1.900
ttt $1.00
3.05
2.50
0.45
0.12
VED IN ~ No 51
14KK 19/548/3
227
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