HONG KONG DAILY PRESS
Finance and Commerce
ECONOMIC DEVELOPMENT FINANCIAL AID
of
of
DURING HOSTILITIES
Efforts Of Chinese
Government
Chungking, December 15.
Measures to promote financial development since the outbreak
the Sino-Japanese hostilities were reviewed by
of Finance in a the Ministry
The spokesman
spokesman press Interview yesterday.
said
that 'three commissions in charge
readjustment
and Industry an of trade. agriculture have been organised
or the mining
43
FOR CHINA
London Studying Situation
דו
Londen, Dec. 15.
The British Government is considering the possibility of granting financial aid to China in order to counteract the
Japanese economie drive.
1!
its
This Information, was publish- ed in the "Financial Times" this The Trade Readjustment Com- Szechuen, Hunan and Hupeh. It morning on the authority of
adds mission, re-named the Trade Com- provides transport facilities for lobby. correspondent, who mission, is under the Ministry of such goods so that their exporta-that the British move is contem-« Japan's to Inconvenienced plated as an answer Finance. Its principal function tien may not be
abrogation of the Open Door is to promote "the marketing by the war.
Adjustment policy and Nine-Power Treaty. abroad of native goods such as tea
the Ministry
Mr. R. A. Butler, Under-Secre- Klangsi,
from of "Economica has done remark- slik TOW
tary for Foreign Affairs, repiled Kiangsu, Cheklang and Szechuen. able, work in agricultural develop in the negative when asked In
with the bristles and furs from Szechuenment in collaboration
the House 01 Commons yester and Hupeh. and tong oll from Bureau of Agricultural and Fores-day if he bad been officially in- try and the Agricultural Ex-formed of future Japanese inten- perimental Station.
The Bureau tians as to foreign capital invest-
from Hunan,
and
And wel,
The Agricultural Cheklang Commission under
Is malny responsible for the ex-ments in China in all enter
JAPAN EXPORTS tension or credit loans for agri-prises considered essential to de-
LESS COTTON
TEXTILES
Export sales of Japanese calton piece goods decreased by more than one-fifth in volume and about one-third in value, during the first 11 months this year "as compared to the corresponding months of 1937, according to figures released by the" Federation of Cotton Manufacturers. of Japan.
A total of 1.878.727,000 square yards valued at Yen 352,234,000 were shipped abroad of which
cultural development, while the fence and economically necessary Station renders technical help to to Japan-Reuter. the farmers
HELP FOR FACTORIES The Industrial and Mining Readjustment Commission.
aldd
EXCHANGE "DISCREPANCY
London. Dec. 15
Sir John Haslam asked Mr. ander the Ministry of Economics. Butler in the House of Commons Is co-operating with the National
yesterday whether he was aware Rescurcea. Commission in the pro-that exporters of soya beans from motion of government and pri-
Manchuria had to pay 14 pence
Prate enterprises. The former to ona yen to the Japarirse
mainly helps factories in the war areas to move to, the rear and continue operation, while the atter undertakes development of government Industries, such 39 mining and electrical engineering, he would direct the attention of the Japanese Government to this discrepancy.
authorities in order to secure ex- change, whereas, the Japanese [Mitsul combine had sold exchange at a much lower rate, and whether
According to the spokesman. appropriated by WIS $60.000.000 1.584,867,000 square vards valued the Ministry of Finance for the
Mr. Butter replied that he had at Yen 276.765.060 went to foreign establishment of these three com- no report on the subject, but would
Of this amount, $20. make inquiries. markets other than the yen bloc" missiens: countries, the announcement said. 000,000 whs for the Trade Com- The volume of overseas ship-mission. $30,000,000 fer the" Agri- ments during the January-Novem-cultural
Sir. John also asked whether Readjustment Commis- the Japanese authorities at Tsing- into had placed an embargo on the ber period tell by 526.685 000 sion and $10.000.000 for the
Mining Readjust export of cotton yams. Mr. Butler square yards as compared to last dustrial and
said that the embargo on export year. Of this quantity 486,487,000 ment Commission.
In addition, the weat to "non-yea-"|
Ministry al- of cotton and not specifically cot- square yarÉS
from yarn
Tsingtao bloc"
alotted $10,000,000 to the Central ton in countries. resulting
promulgated by the Japanese on drop of 21.8 per cent.
Trust for war insurance.
December 6, and the matter was
The decrease in "valuation this year was Yen 172,900,000, of which Yen 162.118.000 were exports, to
places outside the yen bloc or per cent. less than last year.
DISCOUNTS AND CREDITS
was
As a "further government effort now being considered by His Maj- tor economic and financial, de-esty's Government.-Reuter, 32.9velopment, the spokesman reveal-
LORD RUNCIMAN'S SON TO HEAD NEW
An invitation extended to "Mr.
ed, a Discount and Credit Com- mission has been organised joint-
by the four government banks,
namely. the Central Bank, the
Bank of China, the Bank of Com-
EXCELLENT TEA EXPORTS
An aggregate ΟΙ 200,000 cases
AIR COMBINE munications and the FarmBTS' of tea has been exported from Bank. The Commission guaran- Hongkong by the Fu Ewa Trad- tees and discounts commercial ing Company an affiliate of the W. L. Runciman, elder son of Vis-blls and notes, "accept mortgages Foreign Trade Readjustment Com count Runciman... by the directors and extends loans in order to of Imperial Airways and British facilitate the circulation of capi- Airways to "associate himself with tal. All branch offices of the four their work" has attracted consider banks act as agents for the Com- able attention in the London press is It Times" ***The
says
In view of the Chinese west- belleved to be
the...
first
ward move since the beginning stop . towards bringing Mr. view Runciman forward with a
mission.
mission of the Ministry of Finance. since measures were adopted for the restriction of imports and exports with a view regulating China's forelgri trade balance.
to
of hostilities, the four government Agents of the government trad- banks have established
buying manying company have been to his appointment to the chief
branches in the interior to help up tea from Cheklang, Anhwei the public executive position in
the development of commerce and Klangai, at $130 per case corporation which is to take over
and industry. As a result, many for first grade" "Chen Mel" green the two principal air transport
business tea, at $100 to $120 per case. for companies under Parliamentary Prosperous towns and
centrès have sprung up in what inferior grades. "Chow Mel" green Mr. Runciman has accepted the formerly were secluded parts in tea being bought up at $90, and Invitation to start duties on De-the interior, the spokesman stated!"Chen Mel" at from $50 to $80
authority.
cember 1.
BRITISH TRADE
OVERSEAS
London, Dec. 15
Overseas trade returns for. No-
vémber show, imports, valued at
--Central News
per case.
Philippine Mining News
AMBASSADOR
GOLD
Mining that with this amount the com-
£78,028,408, against £79.034.855 Company failed to make a definite pany could operate on a profitable In the preceding month and proposal to Mr. William Anderson, basis; as it would be able to buy a.
€97.268,371 in
year.
IX.L. MINING Company pro-
November last Sr...regarding the payment of its cyanide mill in addition to the indebtedness before. December 3 ball mill which was formerly Exports, at £42,923,223, compare the time limit set by him. The Board operated. with £47,559.998 in October and of Directors met on December 2 £45.183.169 in November 1937. and 3 but failed to arrive on a de-
Corresponding figures for refinite plan of "settling its obliga-duced Pesos 258.376.52 in Novem- exports were £5.113,012 for No-tion... vember, £5,445,983 for October and £5,305,646 for November 1937.
--British Wireless
لی
ber from the treatment of 11,400 tons of ore. The total November
Mr. Anderson foreclosed the cutput of the three Soriano pro- buildings, mills, and furniture of Cucers. Antamok, IX.L. and Mas- the company' on October 14 as a bate, was Pesos 983,457.81 from the result of its failure to pay him. Its treatment of 101,912 tons of ore.
509.44 for Pesos BANK OF obligation of RESERVE
which these properties were mort- MINDANAO MOTHER Lode pro- INDIA STATEMENT
gaged. In addition to this amount, dúced Peens 140.891.60 during Calcutta, Dec. 14. the company is also indebted to November,
Dec. 2 Dec. 9 nim for advances he made on the mills amounting to, about Pesos 12,000.
Notes in circulation (including Notes held in the Bank-
ing Department)) 20,877 20.840
Rupce Coln and Bul- Hon in India ...... Gold. Colri and Bul-
llop in India
(Indian
Securities
4.154
****** 3.235
Mr. Anderson said that in con- sideration of the many stockhold-
ון
BAGUIO GOLD milled 8,391 tons of ore in November. from whlen Pesos 158,486.66 was produced.
PRUDENTIAL MINING Com-
ers who invested about Pesos 700, pany reported that a total of 133 7,116.7.036 000. he may yet welcome further feet of development work during negotiations with the Board of the month of November was ac- 4.154 Directors of the company until vanced. In Tunnel No. 2 an ad-
January- 3.
vance of 28 feet was made. Blide He said that he knew of an Tunnel M. D. advanced by 55 feet. American Investor who proposed to Surveying both underground and 8,083 put in Pesos 50.000, provided the on the surface is being undertaken (Figures in lakhs of Rupees) present stockholders will also put to plot fixed location points and
Reuter in Pesos 170.000. It is believed for the assay map.
Government)
Becurities
(British
Government .......... 6,033
3,235
FINANCE
Real Peotch!
FRIDAY, DECEMBER 16, 1938.—-PAGE 11
PUBLIC AUCTION.
THE
LAMMERTS' AUCTIONS
Undersigned have receiver: PUBLIC AUCTION."
instructions
White Label
IT SCOTCH WWW|
ADEMIT A SCOS PERL
"For Christmas - my Dewar's White Label
SOLE AGENTS :
A. S. WATSON & CO., LIMITED.
to sell by
PUBLIC AUCTION,
THE
FRIDAY, the 18th DECEMBER,
HE Undersigned have received
instructions
to sell by
PUBLIC AUCTION
',
1938
At 11.30 a.m.
At their Sales Room, No. 2, Connaught Road Central.
ONE PHILCO RADIOGRAM WITH GARRARD RECORD CHANGER
TERMS: Cash on Delivery.
LAMMERT BROS.
AUCTIONEERS.
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21
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THE Undersigned have received"
Instructions
To SELL BY
PUBLIC AUCTION
ON
TUESDAY, the 20th DECEMBER. 1938
*Commencing at 2,30 p.m.
4J
At their Eales Room.
No 2. Connaught Road. Central. Ground Floor.
A Fine Assortment of Dressed Dolls. Wooden and Mechanical Toys, Furniture and Ping-pont Sets, Billiard Tables, Lead Soldiers. Crackers, Christmas Decorations, Stockings, etc., etc.
Y
On VIEW from MONDAY. the 19th DECEMBER, 1938.
Terms: Cash on Delivery.
LAMMERT BROS.
AUCTIONEERS.
DD
FRIDAY, the 16th DECEMBER, 1938
Commencing at 10,30 am.
Ab their Sales Room, No. 2 Connaught Road, Central, Ground Floor.
A. Quantity of Carpets, Rugs, "Embroidered Table and Bed Covers, Laces, Silk Embroidered Coats and Lingerie, Handkerchiefs, Pering Glass Ware, Omaments, Linen Gonds, etc.. etc.
Terms: Cash on Delivery. . .
LAMMERT BROS...
AUCTIONEERS:
PUBLIC AUCTION.
THE
HE Undersigned have received
instructions
to sell by
PUBLIC AUCTION
on
FRIDAY, the 16th DECEMBER,
1938
Commencing at 3.15 p.m.
At their Sales Room, No. 2 Connaught Read, Central (Room No. 205, 2nd Floor).
A COLLECTION OF POSTAGE
STAMPS
On VIEW from THURSDAY, the 16th DECEMBER, 1938.
Terms: Cash on Delivery,
LAMMERT BROS.,
AUCTIONEERS.
"People Who Matter" PUBLIC AUCTION.
PEOPLE WHO
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Hong Kong Daily Press,
OCTOBER
THE MAGIC OF THE WINE CHINESE GUERRILLAS:
CHINA JOURNAL
THE CHINA
PRICE
$150
available at all bookstores |
CHINESE GUERRILLAS OF THE PAST
GUERRILLAS TO-DAY MASS EDUCATION MOVEMENT OF HONAN PROVINCE
INTRIGUES ON THE ROOF OF
THE WORLD SOME OBSERVATIONS ON THE WINTER BIRDS OF PEI HAI PARE, PEKING
CHINA'S ECONOMY AND FINANCE WAR ORPHANS 'IN CHUNG-KING
MHH.... Undersigned have received ·
Instructions
TO SELL BY
PUBLIC AUCTION
OX
WEDNESDAY,
the 21st DECEMBER, 1938.
Commencing at 230 p.m.
At their Bales Room, No. 35. Hankow Road, Kowloon.
A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE
Comprising:—
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also
A FEW PIECES OF BLACKWOOD FURNITURE
On VIEW, from TUESDAY, the 20th DECEMBER, 1938.
TERMS:--Cash on Delivery.
LAMMERT BROS.
AUCTIONEERS.
r