HONG KONG DAILY PRESS -
Finance and Commerce
JAPANESE. TRADE POLICY IN CHINA DENOUNCED.
Lords Urge Multilateral Economic Pressure.
THREAT TO HONGKONG
One of the principai, reasons for
London, December. 7.
the capture of Canton
by the Japanese was that it created the gravest danger to Hang- kong's trade, declared Lord day, when he elaborated on ment was doing to protect view of the fact that they
Lord Elibank said that unturned in order to mpact falling, economic system.
Ellbank in the House of Lords yester- the inquiry as to what the Govern- British trade interests in China in were daily becoming worn.
the Japanese were leaving no stone British trade and to bolster their own
W
"Nobody in Britain has any idea of retaliation militarily." he Bald, "but there are many who believe that if we retaliate In the economic sense; we should make somę impression on the Jap- anese."
of the
Lord Bbank said he had pre- "China is beginning to regard vlously suggested denunciation this attitude as at least unfriend- Anglo-Japanese trade ly. I. venture to believe that if agreement of 1911 with regard the Chinese are successful in this to Japanese trading with the war. from all I have heard, they will be just as upsetting to Bri- tish trade as the Japanese are be- ing at the present.
colonies.
to
الم
"The second
way I would choose would be to close Hongkong
Japanese ships and
between cargoes Japan and South China, and thus effectively block Japanese trade with Canton.” he said. ·
"Another War would be the
"I wish to urge that something
BRITISH FIRMS MAY APPOINT JAPANESE
London. Dec. 7.
Sir Robert Rankin declared in the House of Commons yesterday that as the result of recent occurrences in the Far Esat some British manufac- turers were considering, the necessity of appointing Japan- ese firms to handle their busi- news in China.
It was thought, he said, that circumstances might make it im- possible for British concerns to serve their manufacturers' interests effectively. He asked what steps were being taken to safeguard the Interests of British trade.
Mr. R. S. Hudson. Secretary for Overseas Trade,
said that he would' be happy to consider any specific instances to which his at- tention was drawn
Mr. R. A. Butler, Under-Secretary for Foreign Affairs, stated that there was no complete record of
British losses in "China caused by the war, but the total figures for claims on the Japanese and Chinese Governments actually pre- sented hitherto approximated
€230,000.-Reuter.
must be done to help China in ITALY TO BUILD
her real trouble."
Lord Elbank referred to the Anglo-American trade agreement | and said that many see behind the agreement the question of
44 NEW SHIPS
closure of all Indian and Straits closer collaboration between them. Extensive Programme
Settlement ports to Japanese He suggested a special occasion coastal shipping.
had arisen where that collabora-
exchange
And
GOVERNMENT'S REPLY
replying
"Yet a further way would be tion should be made effective. with regard to Japan's desperate need for foreign credita. I-am credibly informed that the Japanese gold reserves are down to £30,000,000, and their guld production has reached the low level of £12.000.000 a year.
SPECIAL - STEPS
to
Lord Plymouth, for the Government, said that Lord. Ellbank had maintained, perfectly rightly, that British interests were receiving unfair treatment at the hands of "the Japanese Government.....
Approved
Rome, Dec. 7.
An extensive building program- me for high speed passenger and cargo ships is announced by the Societa Finanziara Marittima, which controls 40 per cent. of Italy's mercantile tonnage.
The programme comprises vessels 44 ships, of which 11
of 9,000 tons is allocated for the Far Eastern trade.
"The position in Tsingtao is very "I, venture to urge taat as
unsatisfactory." sald Lord Ply- Japan will, not listen to reason,
mouth "Restrictions imposed on the time has definitely. come
The last ship will be delivered take special economic steps to en-shipping there constitutes, in the
Government, by 1941. All will be built largely force our viewpoint, to avoid be eyes of the British-
deliberate discrimination against by government, subsidy and most British Interests, and they consi-
will enjoy an operating subsidy. der there is no valid reason what- The naval authorities have al- every Lord Elibank referred to the re-ever why British
ships should ready approved plans for cent meeting in Shanghai of
ship, which include emplacement not be admitted to, the inner representatives of foreign
Cham-harbour.
for six-inch guns both fore and aft-Reuter.
ing driven out of this trading feld. "
bers of Commerce, and the iden-
"Repeated representations have tical representations each Cham-teen made to the. Japanese naval ber had made to its government and civil authorities, as well, as with regards to the existing Jap-to the Japanese Government, and anese trade aggression in China.
the British Government trusts will obtain
י
Turning to "the question
POWER ALCOHOL FROM MOLASSES
To such an extent do they that before long it
The secretary of the Australian feel action is necessary, that al- fairer treatment for our ships." Sugar Producer's Association. Mr. though they know any retalia-
of F Curlewis, said recently that tory action might seriously - in- convenience them, they are
navigation on the Yangtze, Lord | Queensland was producing already pared to face up to those incon-Plymouth continued: "Here again, about 750,000 gallons of power veniences for the future of foreign I regret to say the Japanese are alcohol a year from molasses.
trade in China,” he said.
FEELING AGAINST
BRITAIN
aspect
of China towards Britain.
pre-
to give is military necessity,
PARALLEL
continuing restrictions on Bri-A big expansion of the sugar tish shipping in common with the industry would be necessary before shipping of other foreign coun- enough power alcohol for defence tries, and the movement of Bri- purposes could be produced, he "Another
the said. usually tish subjects and goods "an not
quoted' and
2 report The excuse they continue by the Commonwealth fuel ad- noticed sumclently is the attitude river.
viser. Mr. L. J. Rogers, which REPRESENTATIONS stated that production of power Govern-alcohol from molasses was unece-‐ United States, nomic. t France and Britain made parallel Before production would be pos- representations to the Japanese (sible by private enterprise on a Government concerning this, and large scale the Federal · Govern-
(Continged on Page-13)
"I have reason "to believe there is a strong feeling being engendered in China against Britain owing to the fact that we have done nothing what- ever to assist the Chinese In their extremity.
"On November 7 the ments of the
GOOD AUSTRALIAN| CANADA'S WHEAT
WOOL
SALES
PROBLEMS
Sales of wool in Australia this Canadian agriculture faces ruin season to date are estimated by unless the wheat marketing pro- the trade to have reached nearly blem 15 solved, declared MX 700,000, bales.
This means that about 21 per cent, of the total quantity of wool likely to be available at auction this season has been sold:
Taggart. Minister for Agriculture of Saskatchewan, in Winnipeg recently."
He predicated that wheat grow- ers might be compelled to under-
The clearance, therefore, has take mixed farming on a large not beri urusatisfactory, seeing scale, with dianstrous results. that the selling season in Aus-
The Premier of Manitoba, Mr. tralia has been in progress only Bracken, declared that talk of the three months.
LAST JEWISH
BANK CLOSES
IN GERMANY
prairies saving themselves by mixed farming was nonsense.
DECREASE IN BRITISH RAIL TRAFFIC
London, Dec. 8 The British railways carried
Berlin, Dec. 3. 8,800,000 fewer passengers
than
rt-
Lo The last remaining and most August this year
the important Jewish bank in Berlin, corresponding month last year, Mendelsohn and Company, has according to figures published yes now gone into liquidation, and 18 terday. The decline in the clients will be transferred to the venue by comparision with August, Deutsche Bank, which has also 1937, was about £207,000. taken over 100 members of the The chief cause of this state of staff out of a total of 210.
affairs is said to be the preference The house of Mendelsohn, which of the travelling public for over- was founded in 1795, enjoyed «an land omnibus services One international reputation and play-British railway company. name- ed an important part before the ty the London and North Eas- Great War as financial agente of tern Rallway, have already the 'Imperial Ruslan Government, withdrawn about:100 trains tromi ~~Transocean.
its time-table.-Transoceans.
ment would have to subside the industry heavily and forgo excise duty. Mr. Curlewis said.
H. K. STOCK EXCHANGE
December 7. Buyers held of during the short session and generally the market was quieter.
Bayers
Union Ins., $487). Douglases, $60. Raubs, $9.10. -
H&S. Hotels, $8.55.
F.K. Lands, $35.
H.K. Tramways, $17. Star Ferries, $714. Saridakan Lights, $104. Telephones (Old), $23}. Entertainments, $84.
F.K. Govt. 4% Loan. 8% pm. HK. Govt. 31% Loan. par
Sellers
H.K. Ropes, $4,05. ↑
Salea Hongkong Bank, $1400. Canton Ins., $210.:
H. & 8. Hotels, $0.65.. H.K. Tramways, $17.10/20. (Prices below in Phil. Currency).
Ārītamoks Ps., „50,
Atoks Pa., 28
Baguio Gold Pa.,25
Benguet Consol. Ps., 13.10. - Consol, Mines Ps., .0035 IXL P., .68
San Mauricio Ps., 1.80 United Paracales, 49 ex. dlv.
FINANCE
THURSDAY, DECEMBER 8, 1938. —PAGE 11
CRAVEN
A
VIRGINIA CIGARETTES
In PACKETS of 10 alsö in
FLAT POCKET TINS (Ideal for the Handbag or Pocket) of 20 and 50
'TRU-VAC' TINS of 50
Made in London
"Yes Chaven A
have a real touch of quality!"
PEOPLE do appreciate the unvarying quality of Craven "A" for they smoke more Craven 'A' than any other cork- uipped cigarettes in the world. Try Craven 'A', your throat will notice the difference in smoothness and cociness at once.
MADE SPECIALLY TO PREVENT Carreras" Ltd.-150 years Reputation for quality
SORE THROATS
C. A. 190
HONGKONG WEEKLY PRESS
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LAMMERTS' AUCTIONS
PUBLIC AUCTION.
t
THE Undersigned have received
instructions
to sell by
PUBLIC AUCTION ·
on
THURSDAY, the 8th DECEMBER,
*1938.
JI
Commencing at 2,30 p.m.
At their Sales Room, No, 35
Hankow Road, Kowloon.
* Road,
A FINE COLLECTION OF OLD CURIOS
Comprising:---
Old Porcelain and Pottery, VaDER, Jars. Incense Burners, Figures, Bowls, Cups, Plates, etc., etc.
Amber,
Bronze, Ivory. Jade, Crystal and Soap Stone Ornaments, etc., etc.
Chinese Hand Paintings, Ex- broidery, Lacquered Ware, Table Screens, and Fine Blackwood Ware,
On VIEW from "WELINESDAY,
the 7th DECEMBER, 1938. --
Terms: Cash on Delivery, -
LAMMERT BROS..
AUCTIONEERS.
PUBLIC AUCTION.
THE Undersigned bave received
instructions
TO SELL. BY
PUBLIC AUCTION
FRIDAY, the 9th DECEMBER, 1930
Commencing at 2.30 p.m.
At their Bales. Room, No. 2, Connaught Road, Central. Ground Floor.
A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE
Comprising:---
Halstands, Bedstead, Wardrobes, Chests of Drawers, Dressing Tablju, Washstand, Bideboards, Dining Tables, Armchairs, Chairs, Chester- feld Suites, Ice Chests, Desks, Typewriter Tables, Filing Cabinets; „ Glass Cabinets, Bookcases, Carpets, Carpet Runners, Rugs, Ornaments, Cutlery, Silver, E. P., Brass, Bronze, . Pewter, Enamel, Glass and Porte- lain Ware, Fictures, Hand Sewing Machine, Gramophones and "Re-"'" cords, Electrical Goods, Type- writers, Curios, etc., etc.
also
A SELECTION OF FINE BLACK- WOOD FURNITURE
Comprising:--
Blackwood Joss Table, Carved Round Table and Chairs, · Arpa- chairs, Desk, Teapoys, Opium Stóols, Stands, Curlo, Cabinets, Standard Lamp, Plazio Btool, Screens, etc., eta,
2.
And
One Teakwood Dining Suite'
One "4. E Refrigerator
Twe Radio. Bets.
on VIEW from 8th DECEMBER, 1838..
Terms: Cash on Delivery.
LAMMERT BROS..
AUCITONEERS.
||