HONGKONG DAILY PRESS
Finance and Commerce
BRITAIN'S INDUSTRIAL
OUTLOOK FOR 1939
Having established during 1938 new records in aircraft pro- duction, coal, iron and steel and engineering. Lancashire expects the year ahead to be the County's most active since year the trade slump began in 1929. Thousands of former cotton opera- tives have found employment in new industries,
Manchester:
Rayon factory at Preston; Europe's biggest cereal factory at Stretford, near Manchester; Radio equipment factory at
overseas trade."
FRUIT PRODUCTION
IN SZECHWAN
to
FINANCE
TRADERS HELPED
BY BANK
Herr Walther Funk, Naal Minister of Economics and now president of the German Reichsbank, since the dismisza! of Dr. Schacht, recently threw the whole weight of the Reichs- bank behind Hitler's forelga trade, under the slogan "B port or Die."
CHUNGKING, Feb. 21 (Central), -Scientific horticultural methods are being introduced in Szechwan
Improve the Ninety new factories were open-jan important contribution to the oranges and other fruits for export. production of ed in Lancashire during 1938. in trade of the British Empire
Szechwan's climate and soll are
He announced that interest on cluding the following four large
"The district has withstood most suitable for fruft production,
all loans to export firms will be undertaking:
Clothing factory at Worsley, rear and will do so again. With its vince are found vast numbers of far will be abolished.
severe economic shocks in the past. In the fertile valleys in the pro-greatly reduced and that Govern- ment fees imposed on exporters so well-equipped docks, it is ready to fruit toes, which annually bring contribute its share towards fur-millons of dollars of income to the ther expansion of Great Britain's natives. In the vicinity of Chung-says: "This
A communique announcing this measure or the king. sweet and juicy oranges are Reichsbank, carried out under the When full trade figures for 1938 grown in abundance. They are Fuehrer's slogan Export or Die, Blackburn.
are available shortly, a consider-sold at the price of one Chinese will assure German export arms When full production is reached fable reduction in exports will be dollar for 140. at these four works, employment revealed. This is due mainly to
that the State will support them With the influx of thousands of in their difficult struggle to ab will be provided for nearly 15,000 falling off in coal shipments. city-bred brothers from the coastal ever-increasing degree." people. Twenty thousan.. people Already, however, the cutlook d central China, Szechwan ar- will be employed in the production for 1939 promises improvement. ange producers and dealers are en- of aircraft at new factories at Large barter deals with France | joying a prosperous trade as a re- Speke (Liverpool), Chadderton, and Portugal are now being negosult of an unprecedented demand, Stockport. Trafford Park. and tlated, which will result in exten-In the pre-war daya. Crewe.
sive exchange of South Wales coal oranges used to supply a wide mart, Szechwan for pitwood,
where, because of their low prices, £3,000,000 CONTRACT
This year there will be more em- they were just as popular to the Deliverles will begin shortly phasis on the policy of buying average Chinese as the imported from a Manchester works where from those countries which pur-American Sunkists" to the wealthy 15,000 people are employed in the chase most Welsh coat.
class. production of electrical equipment,
There has been a rush of coal | Lately, Szechwan orange pro- In connection with the £3,000,000 shipments during the post-Christ- ducers and merchants have been contract received for the, electri-mas period, as much as 15.000 tons greatly delighted by the findings fication of the L.N.ER railway line being exported in a few days to f Dr. Chen Wen-tsal, well known between Manchester and Shefeld. complete contracts for last year. Chinese horticulturist, who sald Engineering trades. In Lancashire
that it science could be introduced, Bre busier now than at any time
the erops yielded in Szechwan the national
price OX steel. Machine tool makers, working at full pressure night and day. have their produc- tion booked for two and a half years ahead. Makers of heavy of engines and motor vehleles are working at full capacity, and con- tinually enlarging their works.
Coal-mining prospects. In Lan- cashire are good following a year of steady progress, in which miners received wages Increases, and for
"
NORTH-EAST STARTS WELL
"U.S. SALMON FISHERIES WASHINGTON-Senator Homer
ENSURE IMPORT
on the Reichsbank's action, publish Berlin newspapers, commenting
"We must export in order to en- an inspired statement which says: sure the import of vital materials. The export trade must, "therefore, despite all obstacles, be filled with the dynamic energy which has so far activated the German inland trade.
man never
"It is the duty of every business chance of exporting."
to miss one single
It is stated that despite all mea- sures taken so far more men are leaving the land than ever, and this seriously endangering Ger- many's supply of home-grown farzu, 'products.
crease the striking force of German In addition to this drive to in-
since the War. The exports bust- The North-East England fron would monopolise
exports, leading Nazis have started ness is being helped by the lower and steel trade has started the market and might also sell abroad nation-wide campaign against new year well. Already some sub-They are looking forward for Gor-
the "fight from the land" stantial orders have been placed ernment assistance in the improve- with Tees-side firms. Messrs. Dor-ment of their orange and other man. Long & Co., Lt. of Middles- fruit crops by scientific methods brough, have booked orders for on a large scale. 4.750 tons of steel rails for the Danish State Railways. The South Durham Steel & Iron Co. Ltd., who have recently executed some substantial orders for steel pipes Messrs. Seward & Lloyds, Ltd. of introduced a btil in the Senate for. Rhodesia, are to share with Bone, of Washington, recently TOBACCO PROFITS the first time, holidays with pay of large diameter steel pipes for assume complete jurisdiction over Scotland, a contract, for 77 miles proposing that the United States Shipbuilders are busy, both at Barrow and on Merseyside. For the longest water supply pipe line all salmon waters off the Alaskan the cotton industry 1939 is likely in South Africa. The value of this coast, east of the international to be an eventful year in which order is stated to be in the neigh-boundary between the Soviet Union far-reaching schemes. of ganisation will be carried through.blish a new factory at Billington, Steps are being taken to esta
and the United States.
He strongly advocated the move Co. Durham, for, the manufacture
on the grounds that foreign diplomatic assurances to keep
renr-
SOUTH WALES LOOKS FOR BETTER YEAR
Conndence in the powers of
bourhood of £500.000.
of a refined iron used in the mak- foreign fishermen out of the areas re-engine cylinders.
ing of high-class work such as in question have proved unsuccess
The material
covery of South Wales trade is ex-has not previously been produced/ful and that there still exists the pressed in a foreword to the Great in Britain, but tests have shown danger of renewed friction between Western Railway sailing list for the slag heaps at Stullington to be shermen of the United States and
January.
It says: "With the docks deal-
ing with nearly 24,000,000 tons of traffic a year, South Wales makes
MAMMOTH
TOMATOES
suitable for the purpose.
New lead veins, which it is ex-
Japan.
pected will lead to further develop- BOYCOTT OF ment of lead mining in Weardale. JAPANESE North-East England. have been
discovered is a result of explora- GOODS IN tory work at the mines of the SINGAPORE. Weardale Lead Co., Ltd.
HOSIERY AND BOOT AND
The boycott of Japanese goods
continues unabated in Singapore, according to a trade review. and
SHOE ORDERS
staple.. trades of has, undoubtedly alded Indian and Dealing in British
Leicester's
Tomato vineg 20 feet high with hosiery and boots and shoes both British mills. fruit weighing two pounds each show signs of a strong recovery. and Indian piecegoods has been have been developed by two Manufacturers in neither trade are reasonably satisfactory, consider- Portland agricultural chemists, Karl looking far ahead, but in both, oring the times: Large quantities Stockland and, Boyd Hamilton. ders have started to come in more of Japanese goods remain frozen The new method is called the satisfactorily, and the majority of and prospects of their liquidation "waterwick system." It is a sim-shoe firms have suficient on hand appear remote. plification of the familiar "tank-to keep them fully extended for Quite apart from the political farming" method in which plants the next few weeks. In a number aliance question, the unrellable grow with roots dangling in a of instances firms announce that quality of certain lines from Cen- chemical mixture.. It calls for they have some encouraging book-tral Europe and the impossibility flowers and vegetables to grow ings for early spring. The in-of financial redress owing to ar- their normal root structures in a crease in the number of orders has bitrary exchange regulations. has special rockfoam solution that has brought about a drop in the un-made dealing in such good highly a property of capillary action.
employment #gures.
unpopular,
STOCK MARKET RALLIES
Home-canning
Advocated In Britain
Home-canning on a co-operative basis is advocated by a correspondent in "The Times" as a contribution to National de- fence as a means of salvaging much fruit and vegetables that are now wasted.
J
"Home canning of vegetables and of cans costing £5. 158. and the fruit can be used to salvage an cans themselves from 24.80 to 28.61
Imperial Tobacco
Company
£50.000.000 combine-announced a profit of over £10,000,000 for the fourth year in succession.
LONDON, Feb, 21" (Reuter) The speech of the Chancellor of the Ex- chequer yesterday was received with profound relief in Stock Ex- change circles who, in common. with other sections of the city. infer from it that no substantial increases in direct taxation are ervisaged in the coming budget.
The main problem now agitating enormous quantity of footstuffs per gross, according to size, but if the minds of people is what forms which is at present annually lost registered canning clubs.could be the borrowing of the huge sum of to the country. Each season formed throughout all country €350,000,000 will take
It is considered that loan expendoes not pay to transport them to Government
such help from diture will inevitably lead to credit markets, and the same may be could buy apparatus and cans at sources that they expansion which, while a reserve said of any glut arising from wholesale prices and the members of an unemployed £2,000,000 exists, superabundance of any particular do the work in common, not only should have, a beneficial effect crop.
would a large quantity of food be snationally, while industry la certain
preserved, but the members would
apples rot in orchards because it districts with
Shareholders get a 25 per cent. dividend (including a 10 per cent. tax free bonus),
to pront by the enhanced circula-All these may be saved by the feel they had an opportunity of tion of money.
home canner, as well as windfalls taking part in national defence. Other cheering news for the to take effect. Most cottage gar-the cottager has to lead, they canned before bruising has time which, from the nature of the life market was evidence of the Godens could produce peas and beana might otherwise be 'crnment's firm intention to foster beyond the immediate needs of overseas trade, provided by the an- the family, and the hedges provide
debarred nouncement of Mr. R. 8 Hudson's pending visits to the northern
a wealth of blackberries and bul- The suggestion is regarded capitals for trade talks, together laces, to be had for the sole trouble favourably in responsible quarters with vigorous support of the moves
or picking My W
in London, particularly in view of the recent speech by Sir Erle
from."
to improve Anglo-German commer. "The apparatus and cans are, of Geddes advocating an Increase in cial relations while eliminating the course, beyond the pocket of the the amount of home-stored food. danger of undercutting the world individual cottage woman, the This should have an appreciable markets,
machine for clamping on the lids effect on the consumption of tin.
Mt Howard Harding.
The Millows
Malden
THURSDAY, FEBRUARY 23, 1939. -PAGE IT
LAMMERTS' AUCTIONS
KAIPING COAL
FOR HOME, FACTORY, & POWER HOUSE
HOME, FACTORY AND BUIKERS
POWER
HOUSE,
TUGS & LOCOS.
THE KAILAN MINING ADMINISTRATION
DODWELL & CO., LTD.. Agents, Hong Kong.
FOR SALE
ין
KING GEORGE IV" WHISKY
Non refillable QUARTS 85.00 per bottle
Flask Flask
A
PINTS
$2.95...
† PINTS 81.63 Obtainable at
HUNG
Tal 57108.
#J
CHEONG
66, Nathan Road.
Kowloon.
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A QUANTITY OF VALUABLE: HOUSEHOLD FURNITURE
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Mr. J. Cartwright.
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