LOCAL SHARES
Following is the list of changes and enquiries in local share quotations,to- day:
BANKS
Hong Kong Bank $1400 sn.
Bank of East Asia $73 b.
INSURANCES
Union Ins. $500 su.
H.K. Fire Ins. $182 b., $185 s. DOCKS, WHARVES, GODOWNS. ETC.
China Rights $211⁄2 b., $22 s. Providents $41⁄2 b.
LANDS, HOTELS & BLOGS, H.K, and S. Hotels $5.10 b.
H.K. Lands $36 b.
H.K. Realties $4.40 b., $4.45 sa.
PUBLIC UTILITIES
H.K. Tramways $17.40 b., $171⁄2 sa.
China Lights (Old) $8 sa.
H.K. Electrics $65 b. Macao Electrics $22 b. Telephones (Old) $30 s.
Telephones (New) $11.20 s.
STORES, &C.
Dairy Farm (Old) $21 b.
Watsons $0.15 b.
Sinceres $2 b.
Wing On (H.K.) $44 b.
COTTON MILLS
Wing On Textiles Sh.$100 b.
MISCELLANEOUS
Entertainments $0.80 b.
MISCELLANEOUS
Antamoks Ps. .11 b.
Atoks Ps. .15 sa.
Baguio Gold Ps. .21 b. Batong Buhay Ps. .01 sa. Benguet Consol. Ps. 5.30 b. Big Wedge Ps. 16 sa, Coco Grove Ps. .10 sa. Consol. Mines Ps. .0035 b. Demonstrations Ps. .10 sa. East Mindanao Ps. .09% sa. I.X.L. Ps. .32 b.
Ipo Goold Ps. .09% sa. Itogons Ps. .20% b.
Masbates Ps. .08 b.
Mind. Mother Lode. Ps. .08% sa. Mine Operation Ps: .0834 b.
sa.
North Camarines Ps. .041⁄2 sa. Paracale Gumaus Ps. .12 San Mauricio Ps. .63 b. Surigao Consol. Ps. .19 sa. Suyoc Consol. Ps. .12 sa. United Paracales Ps. .22 sa.
STOCK EXCHANGE QUIET AND STEADY
London, To-day.
quietly
The Stock Exchange was steady yesterday.
Chinese loans were a feature, ad- vancing on unconfirmed rumours the possibility of developments the Customs loan situation.
of
in
MR. CROSS ON
THE CHINA MAIL, APRIL 4, 1940
CONTRABAND
ECONOMIC WARFARE CONTROL
London, To-day.
FIGURES
London, To-day.
On 2nd April, 20 neutral
MR. RONALD CROSS, MINISTER for Economic Warfare, disclosed in a speech broadcast to the Empire yesterday afternoon that since the out- ships were in the three Unit- ed Kingdom contraband con- break of war the cargoes of over three thousand trol bases of which ten had ships of almost every nationality had been ex-been there for five days or amined at Britain's contraband control bases. Examination of ships at the various Allied contra- band control bases was, said Mr. Cross, the most important of the three main functions which his having been detained less than five Ministry was required to reform.
JAIL FOR
FRENCH DEPUTIES
Paris, To-day.
1
less.
This total included 13 Dutch, 3 Nor- also There was wegian, 2 Belgian. one Danish and one Eirean ship, each
days.
+
During the week ending 30th March, The second main function was the the Contraband Committee considered ex-the cargoes of a hundred ships which stopping of Germany's seaborne
had arrived since 23rd March and 28 ports.
Referring to the unavoidable incon- outstanding cargoes from the previous week. The combined total included the Allied mea- veniences which
economic 38 Dutch, 33 Italian, 17 Norwegian, 8 sures against Germany's system must have on neutral interests, Belgian, 7 Swedish, 5 United States.
In 66 cases, the entire cargoes were Mr. Cross said: "Since we are natur- ally anxious to limit such inconven- released. The system under which iences to the absolute minimum com- advance copies of the manifests of cargoes are received and considered patible with our task of making war before the ship's arrival resulted dur- being so on the enemy, we are always ready
ing the week in 77 cases dealt with, and in 50 cases of the Twenty-seven former Com-to consult with neutral governments
traders to see whether, ships concerned being released by the munist deputies whose trial and neutral
without relaxing the control, we can-Committee subject merely to formal has just concluded were sen- not make things easier for them.”
checking of the original manifests on arrival at the control bases. tenced to five years imprison- ment and five years' loss of civil and political rights.
and
Representatives of the British French Government, he said, were at present in Washington discussing such problems with the United States au-
They included Florimond Bonte,thorities.
QUICK RELEASE Figures of neutral ships released speedily last week from the United. Kingdom control bases included four secretary of the so-called Workers The third chief function of the Min- Norwegian, three Belgian, one Portu- and Peasants Party formed after the istry of Economic Warfare was deal- guese, one Swedish released the same dissolution of the Communist Partying with the problem of Germany's (day: one Norwegian, four Dutch, one Bonte was one of the two signatories trade with countries from which she Belgian, one Italian, one Danish re-
of a letter addressed to M. Edouard
PURCHASES SCHEME
leased after one day: two Norwegian, one Italian released after two days.
The contrast with the time taken in Contraband Control is Estonian
Herriot, President of the Chamber, in can still import by land. October, asking for immediate peace negotiations. This letter formed the
Mr. Cross pointed out that although the German principal basis of the prosecution. it was obviously not possible for Bri-shown by reports in the
Eight accused were sentenced to tain to buy up the whole exportable Press. four years Imprisonment with bene-surplus of Germany's neighbours, it fit of the First Offenders Act. They was possible to concentrate on certain by will, however, be concentration camps.
have fled and
transferred
The remaining nine accused, who were tried in their absence, were also sentenced to five years imprisonment,
Reuter.
The Estonian ship Marta was kept the Germans for four months,
to important specific commodities and, by having been captured on November 9 purchasing or offering to purchase, last year. The Estonian Vaindlo was substantial quantities ourselves, we recently released after being held by could succeed at best in depriving the Germans since November 18, and Germany of commodities of which she the Kodumaa was detained for over is in need or at least forcing her to pay more for what she does succeed in obtaining.
LOCAL DOLLAR The demand rate on the Hong Kong dollar to-day was 1/2 13/16.
Silver was quoted at 20-3/8 and 20-5/16 forward.
The mainly
Gold-minings spurted shortly prior to the close of trading while the movements of other groups were small.
Wall Street was steady.-Reuter,
SO
three months.
Under the navicert system which now applies to nineteen neutral coun- tries there have been 40,648 applica- tions, the highest figure for one day being 919 on March 28.
NEUTRAL CLOAKS
Mr. Cross concluded: "We can be certain that the Nazis are feeling our grip. But we are not resting content-
An Increasing number of cases have ed with what has been achieved far.
We hope to tighten our grip into come to the notice of the enemy ex- a stranglehold and thereby fulfil our port control committee in which at- cross rate London/New York task in breaking the Nazi industrial tempts have been made to use neu- was £-U.S.$402.50 and New York/ machine and helping to bring the war tral firms
Ito an end."-British Wireless, London £-U.S.$356-5/8.
spot
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Last week exemption was granted on humanitarian grounds for 913,000 glass tubes of German origin to be consigned to Rio, as Brazilian manu- facturers of medical supplies claimed them as indispensable for giving
British Wireless. injections.
GRAND NATIONAL STARTERS
London, To-day.
The following are the probable starters and Jockeys for the Grand National.
(Moore), Professor I Royal Daniell
(Wilson). Rock (Owen), Dunhlil Costle Quilla (Carey), Red Eagle (Elder), Domin- ick Cross (Mitchell), Black. Hawk (Rimell}, Mac- Kilstar (Arrchibald), Away (Mulr), Moffatt (Alder), Milano (Danny Morgan), Venturesome Knight (Tweedle), Litigant (Black), Le Cygne (O'Grady), Symaethis (Feakes), Inversible (Hogan), Bogskar (M, Jones), Boyo (R. Morgan), National Night (H. Jones), Takvorpacha (Prior Paimer), Cornlaw (McNeill), Luxborough (Bown), LazyBoots (Ward). Underbid (Nicholson), Bachelor Prince (Leewenstein), Dowright (Seeley), Tuckmill (Kelly), Gold, Arrow (Lay), Second Act' (DowDewwell) Red Free- man (Redmond), Sterling. Duke (Hyde).
Royal Mail has been stratched.-Reuter.
CHILDREN'S SPORTS
TO-DAY
The annual sports meeting of the .Chil- dren's Playgrounds Association, which was postponed from last Saturday because of the rain, will take place at the Southorn Playground, Wanchal, to-day, commencing a6 2.30 p.m. Prizes will be distributed by Lady MacGregor at 6.30 p.m.