HONGKONG DAILY PRESS
Finance and Commerce
INTENSIVE SCIENTIFIC WHEAT CONTROL
STUDIES ON CHINESE FRONTIERS PLANNED
Investigation Groups For
Far-Off Provinces
SHANGHAL, FEB. 13 (INTL)—PROVIDING OPPORTUNITIES FOR CHINA'S SCIENTISTS to gain field work experience by making intensive scientific studies on Chinese frontiers, the Board of Trustees for the Administration of the Boxer Indemnity Fund 'remitted by the British Government has made plans for seading three investigation groups into far-off Chinese provinces. according to the China Press.
SCHEME
Bread Price Under
an
Review
LONDON, Recommenda- tion to convene an Interna- tions] conference for framing effective wheat control scheme was the principal sig“ restion made t the report adopted at the final session of Ad- the International Wheat visory Committee recently.
The Committee also decided to appoint a Preparatory Committee, consisting of a chairman and representative of Canada, the "Argentine, the United States, Aus
tralla, Soviet Russia, Rumania, Hungary. Great Britain, Germany and France.
was empower-
of
One will cover Szechuen and Sikong, west China's largest and richest provinces; another will study the north-western provin res of Kwelchow, Kwangsi and Yunnan. Of these, the first to be organized will be the Szechua-Sikong group which is expected to begin work early this spring. Each "of the groups will be three months for preparations, six divided into five seclluns, with one for actual field work, and three
The Committee spermalist and three members or months for the writing of reports.
ed to co-opt a representative more to euch section. They are the Applications for membership are
the International Institute of geology section investigating the already pouring in from the dif
Agriculture, If it so desired, and geological and geographical conferent universities.
also to consult representatives of ditions of che territory
Besides the above mentioned in- to be
and other studied; the physics and chemistry vestigation groups, the Board wil other countries
and section studying physical, chemies, also provide for 125 research assis-terests, including exporters
outstanding economists of the and engineering problems; the tants to be placed in the various
wheat and milling trades. economic section studying econo-niversities. mle conditions, cornumerce; and
INTO WILDERNESS local administration: the social These assistants differ from the science section looking into history, frontier investigators in the respect education, society, and ar-that the latter will go into the chacology; and the agriculture and wilderness for field work, while the forestry section taking care of assistants work in their labora- auriculture, forestry, biology, soll. tories. Of these 125 office workers, 80 will be drafted from meriders of the 1937 graduating classes of the various government uziversities, und the rest from private listitu- tions,
and animal husbandry.
YOUNG SCIENTISTS" Each group will have about 50 leader, a members, including a deputy leader. a doctor, two secre- tarles Ave to seven specialists, and 40 juntor members. The young scientists are to be"drafted from members of the 1937 graduating elags of the yalous government and private universities. Of these, two-thirds will come from gover- men institutions and the rest from private colleges.
They will be chosen in accor- dance with their academic standards by the Board so that oaly the most promising men will be sent qut for this impor-' tant study of China's frantiers.
Each of these assistants will work for one year at a'monthly salary of $40. but assignment, may be prolonged if the work proves satisfactory.
Material help given by the Board (to China's scientiae studies since the beginning of the present hostilities has not been united to the aforementioned two projects. Monthly subsidies have been given to about 200 research fellows for the study of various natural and social science problems since the summer of 1938.
4
in-
SPECIAL OBJECTIVES LISTED
The Preparatory Committee was
given complete freedom regard- 18 the agenda, but its special called to" the
attention
was
following points:
1. The necessity of tion between exporting porting countries;
Co-opera-
and Im-
し
2: Consideration of the sux- gested Ave-year period for an in- ternational agreement:
3. A minimum international price:
4. The question of export sub- sidies:
5. Export quotes in a propor- tional basis of the estimated world demand.
The
Preparatory Committee will report to the Advisory Com- mittee, which will finally on concrete matters to be
decide settled
by the International Conference..
A number of specialists, holding At the recent meeting, the In- Committee further The budget for each group is foreign scholastic degrees, are be-ternational templarily set a $50,000 a year.ing benefited by this arrangement discussed a report submitted the Of this sum, $28,000 will cover then continuing their valuable re- previous day by Mr. McDougal. Ср the living and travelling expenses of searches which were interrupted the Australian delegate.
of nutri- the junior staff; $5,400 for travel-by Japanese gunfire" when hostili- subject of the bearing ling expenses of the leaders and the broke out in the summer of tional policies on the world wheat
several Without the help of the problem. As
points of specialts: $1,600 for equipmerit, 1937.
view were expressed, it was de- 32.500 for sundry expenses. and Board, their work would in most
small sub- cases have come to a standstill be- cided to appoint a $7,500 for reserve fund.
It is planned that each group jea use of their ability. financially, committee to draft a
report on year on its work. to continue.
the 'subject. "will spend a
GOLD YEAR FOR FILTER MAKES
PHILIPPINES
Huge Production Expected
ore
LIGHT BEAMS “INVISIBLE”
Home Omice experts are shortly to be shown a light filter which, it is claimed, renders beams from electric lights invisible at a short distance, while enabling those near by to work by them.
THE BANKING SYSTEM
Greater Elasticity
The view that our financial sys- tem was now better adapted to exceptional meet the
strain of
a crisis than it had been in 1914 was put forward by Lord War- The invention is the work of Mr. | dington in his speech at the 'meet- H. P. Jacobs, a Brighton slivering of Lloyds Bank, smith.
Pointing out that We were
Bagulo, P.L. Feb. 5. - The Philippines
for are headed what gold mining history may record as the "rush of '39," observers believed here to-day. It will be a rush of mills.
"I was originally working on a now in a much stronger position machinery cars and other heavy
he said, to resist pressure against 'instead of prospectors and gold--penetrating beam,"
When I had perfected the idea I sterling, he recalled ( sat in 1914 share brokers. The business has
the Bank of England held only grown up and now is second only realised its value for ARP. Work
Obviously in an air-raid rescue £37,000,000 of gold, "with perhaps to sugar among the archipelago's
squads must have light, but the £130,000,000 of gold coins in the industries.
beam of even a small electric torch pockets of the public and the tills The islands that the Chinese can be seen by airmen a long way
of the banks." traders centuries ago called the of ""Land of Gold" produced more of the than $30,500,000 worth metal in 1938, more than hall the crops find value of the sugar
value more than the combined
oil. of coconut
hemp, tobacco and lumber exports.
Sr. Cornello Balmaceda, Direc- tor of the Bureau of predicted to-day that
Commerce, 1939 gold total $35,500,
production would
"If the torches, however, are fitted with my Alters the light will be invisible to anyone more than 60 feet away, but there will be sufficient 'illum- ination 'for rescuers and medical men to work by.
In contrast to this, the national gold reserves last March were no less than £835,000,000.
Although, went on Lord War- dington, nearly £100,000,000 of gold was lost during the autumn crisis, only minimum disturbance was caused to the banking sys
""The Chief Constable of Brighton tem, or the money market, as the was so pleased with it that he sug-gold came from the" Exchange gested I should submit it to the Equalization Account. Home Office.
"I did so and was asked to wait 000. So long as the United States until I could meet their technical Treasury pays $35 an once for
experts who were then away on the metal, gold appears ed to play an increasingly im- some other work. portant part
economy.
destin
in the insular
foresec
its withdrawal did not lead to
a corresponding contraction of the credit basis.
Referring to the dimcultier of export trade. Sir Robert Noton "The Alters can bey produced Barclay suggested at the meet- cheaply. The light which results ing of the District Bank that we from their use is a faint glow. might avold some of the effects Observers generally
something like the first rays of of defeatism if we recognized gradual decline for the sugar and dawn,
that much of the elaborate coconut oil industries, artiñcially
"Using them for fog penetration restrictive planning of the dicta- stimulated under American direc-we have succeeded in photograph-
tor States was ill-considered and tion during and after the worlding a man through: fog at 30 yards.”
much less ilkely to promote efncient enterprise than the methods of the democracles,
war.
islanda
the
Gold mining pays the
BAN ON ILLEGAL highest common-labour wages.
EXCHANGES Fifty thousand miners and 1,600 technicians and officials drew
The latest order from about $10,000,000 in salaries last Ministry of Finance in Chung- year. They
recently produced more gold king reached Shanghai than the combined output of forbidding Chiness here to Dar- Alaska, Nevada, Montana and Newticipate in any exchange that Mexico. Philippines production might, be organized cven under exceeded that of any other area foreign management, which could
America dag except be described as being illegal,
Those who violate the order
under the California
will be prosecuted in accordance with the regulations governing the punishment of those mani- pulating the money market, it is stated in the order. Reports had it that some Chinese were some French Co-operating with merchants in order to re-estab- lish a cotton exchange in Shang- hal..
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TUESDAY, FEBRUARY 14, 1939. —PAGE 11'
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ON
TUESDAY, the 14th FEBRUARY, 1939
Commencing at 5.15.p.m.
At their Salés Room. No. 2, Connaught Read. Central. (Room No. 205, 2nd Floor)
A VALUABLE COLLECTION OF POSTAGE STAMPS
Comprising:-
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"
On VIEW from MONDAY,
the 13th FEBRUARY, 1939.
Terms: Chah on Delivery......
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ON
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For account of the Concerned
€ Tong China Cap Paper-White and Coloured, 25" x 44" 14 Iba 500's.
י
7 Tuns China Cap Paper-White and Coloured, 28 1/2 x 55 1/2" 20 lbs. 500's.
5 Tons China Cap Paper-Assorted Colours 25" x 44" 14 lbs. 500's.
(1.
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also
Old Metals comprising. Zine, Copper, Brass, Iron, Steel, Lega Old Battery Plates, etc.
וי
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"}
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A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE
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