HONGKONG DAILY PRESS
Finance and Commerce
Developments At Kaifeng
More Important Than The
Encirclement Of Canton
KAIFENG, capital of Ronan Province, which passed into oh- ilvion over ten months ago following its capture by the Jap- anese, is again prominent in news dispatches,
Three successful attacks on the city by the Chinese forces in the past ten days have aroused wide-spread interest bath in China and abroad. The raids have not only "been held by neutral observers as indicative of the marked growth of Chi- nese fighting strength but also of the weakening of the Jap- anese army, At Kaifeng, the precautions taken by the Japanese following Chinese successes have failed to mend the vulnerability of one of their most important outposts,
Reviewing the progess made by the Chinese army in which over 80 citles and towns recovered during the last half month, the "Ta Kung Pao" commented that a continuous string of small Chi- nese victories will finally lead to a counter-offensive on all fronts. From this standpoint, the happy tidings of recent Chinese successes were of great significance
MORE SIGNIFICANT
The Japanese action.in rush- ing huge numbers of reinforce=" ments to the city was char- acterized by a radio commenta- tor the next day as a "shutting of the stable door after the horse has been stolen."
The third successful #ttack was launched by the Chinese forces on the morning, of April 20 when the Kaifeng railway station and the west gate were captured and held till dawn.
Commenting on the Chine Successes. the "London Times" | DRUM-TOWER wrote that It would be as great
.
INCREASE IN
PROFIT
William Powell's Annual Meeting
The annual meeting of Messrs. William Powell, Limited, was held at the offices of the Bank of Can- ton. Building yesterday,
An abnormal year of trading conditions was recorded Ja the chairman's report. which also stated that an increase of about $5,000 over last year's profit was realised,
ני
Mr. E. M. Raymind presided and among-those present at-the-meet- Ing were Messrs. J. H. Seth and H. Overy (Directors), J. T. Bagram.. (Shareholders), S. H. Ross, P. "A. Yvanovich and.. D. Black (Secretary),
·CHAIRMAN'S SPEECH Addressing the meeting. the Chairman said:-
Your Directors are pleased to place before you the result of the year's trading which you will observe shows an increase in pro- nt of approximately $5,000 Kaifeng is famous for several last year. and I hope share- a mistake to minimise as to ex- things. There is the drum-tower, holders will approve the recom- aggerate their Importance. "Be-whereon are written in four im-mendation to pay a Dividend and sides giving proof, which is hard mense character, "Sound Shakes, bonus. ly needed, to the excellence of Heaven's Centre." According to China's spirit after two years of legend, the characters were written shattering reverses, the new offen- by a 14-year-old boy who took up sive show evidence of caretul pre- the huge brush laid out for as paration and co-ordination,"
pirants to try their skill. Having
The Journal "regarded the developments at Kaifeng as being more significant than the encirclement of Canton because of its effect upon Japan's hopes of establishing Marshal Wu Pei-fa's offices, there.
for
NOT OVER-STOCKED
FINANCE
HE MADE A MOUSE MACHINE!
In Germany, the Nazis arc even making the stray cata work to help the four-year plani to success-driving them all Into the great new granaries to protect the barvests against rais.
But they are behind the times aomewhat. And not half so ingenious as the Scots manu- facturer who planned, many years ago, to run his mill with mice!
David Hutton, a Dunfermline thread" manufacturer, discovered that a mouse Imprisoned in a little revolving cage could make a wheel turn, and one mouse in Ave weeks produced 3,350 threads, twenty-Ove inches long.
Calculating that each mouse could make him a profit of six shillings and threepence per year, Hutton decided to employ some thousands of mice in the threadmaking business. He even got as far as renting Dunfermline. Abbey as a factory."
Unfortunately for the experiment he died before his plan could be | carried out.
"
But the Nazis' cats certainty have nothing on this idea!
Over ANOTHER BIG ORDER
FOR BRITAIN. ISTANBUL, May 15′′ (Reuter)— The Government has
granted British Arms a contract for 300 rail trucks valued £500,000
motives valued at £1,000,000. following a recent order for loco-
RETAIL HARDWARE SALES OFF
I do not think the accounts call would draw your attention to the particular comment, but I
increase in stocks on
hand and
written the four words, he goods in transit. This increase is said to have straightway fallen.
necessary to keep pace with the dead from exhauston,
turnover and your Directors are Kaffeng is noted for its earth-jof the opinion that, we
are not salt which forms a natural Ceposit over-stocked. en the surface of the ground like
Sundry Debtors are higher by frosty powder at two places $3,000 and this again is accounted within the wide confines of the for" by increased sales. Full pro- Kaifeng first came into the ume-city. The Inhabitants, who call it vision has been made for Doubt- Hight recently when
Salt," Reuter's "ittle
gather it from ful Debts and the greater portion message told of the killing, almost "salinas" similar to those of South of the amount. shown has been in its entirety, of the Kaifeng America There is also the famous, collected. puppet "Paciication Committee 12-story high Iron Pagoda at the
On the Hability side of the while they were. noiding a meet-northeast corner of the city Buil: Balance Sheet Sundry Creditors ing
in the Sung dynasty (A. Dare less by approximately $2,300 560-1126), the pagoda is known for than at February 28, 1938 and the its glazed itles, and for the strik-amount due for Trade and sun- ing Iron buddha that tops the dries has since been paid of
While considerable interest was being draused over this biggest single "bag" of traitors. reports of successful Chinese attacks on the city were received. Chinese forces first penetrated into the city on the morning of April 11 withdrew the same evening upon| the arrival of Japanese reinforce
ments.
4
They
At dawn the following day. however, Chinese forces made a fresh assault. bursting into
the southern part of the city
and engaging the enemy fierce street-fighting.
in
structure
r
THE STAFF
Kaifeng was for several dynasties
Mr. Overy was due for leave the capital of
China and Arst this year, but postponed it made a capital by the feudál state view of the changes in our staff In of Wel during the latter period of and I am sure shareholders will the Chou dynasty (1122 BC-249 appreciate this action. While on B. C. and was for the last time the subject of the Staff I should the capital of Ching during the like shareholders to know that a
·Sung dynasty (A. D. 960-1128) new cutter has been engaged and When in 11 the Kin Tartars is proving a success.
| captured all north China and drove
the Sung dynasty south of the Yangtze, Kaifeng was named Nan king or South Capital of thể Tar-
Some 600 or 700 of the Japanese tar Empire in the North. perished, munitions dump was
blown up, and the water-tower
Cestroyed, with the result that the WORLD'S SUGAR USE
city was swamped in a deluge of water
MASTER STROKE
Cdiamenting on the attack,
PER CAPITA
DECLINES
World per capita consumption of sugar during the year ended Aug. highly placed neutral cbserver 31, 1938. amounted to 31.1 pounds interviewed by Reuter corres-
as compared with 32.3 pounds inį
Sales of 1,973 independent retali March showed an average decline hardware stores in 36 states In
of 0.1 per cent as compared with volume for the ke month last. year, according to igures pub-
shed in Hardware Age
+
Comparing February, 1939, sales there was an average decline of with those. of the previous month
3.1 per cent.
Based on Agures from 1,973 stores 38 states the report showed a total volume of $6,079,- 864 for the reporting stores in February, 1939, compared with a volume of $6,088.823 in February, 1938. January, 1939, sales for those stores totalled $8;274.718
SOVIET - POLISH TRADE TALKS WARSAW, May 15 (T/Ocean)-- The Polish Vice Foreign Minister, M. Selciszevski, will visit Moscow in the near future for trade nego- tiations, it is announced in the newspaper "ABC". It is believed that his mission will be to arrange for an export of the Polish fron and steel products to the Soviet Urilon and the import of Soviet In conclusion I should like to raw materials. add that our Anances are in a
"It is early to give any in-* dication of our trading for the current year but I would, warn shareholders against too opti- mistic view because the financial year just closed was abnormal.
2
HEALTHY FINANCES
ין
can look for.
healthy state and it normal con- ditions obtain we ward to a bright future..
I now propose the following
ponent in Shanghai, described the previous year, a decrease of a resolution:-
as a "master stroke from a polt-pounds or 3.7 per cent, according tical and psychological point of view."
to a survey made by Lamborn's Statistical Department.
That the Reports and AC- counts as presented including the payment of a dividend of 20 cents a share and a bonus of 5 cents a share, the transfer of $10,000 to General Reserve be adopted and passed."
He was quoted as saying: "Kal.
"Ten years go the per capita feng is an Important Japanese consumption was 30 pounds. Since military base and the Japanese. then It fell to 27.7 pounds in 1933, once they receive. reinforcements and then, steadily climbed to its will be able to hold it. For the peak of 32.3 pounds in 1937. In moment I would credit the Chi-1038 world per capita consumption animously. nese with a big tactical rather receded for the first time since -than-military-success:"
1933.
Mi
Industrial Co-Operatives For Crippled Soldiers
CHUNGKING, May 13 (Central)-Through the efforts of the Chinese Industrial Co-operatives. 200 crippled soldiers in a Sou- -thern Klangsi town are earing a living as workers in co-opera-
tives.
Mr. S. H. Ross, and passed un- This resolution was seconded by
OTHER BUSINESS
Mr. J. H. "Beth was then re- elected a director for the current year on the proposal of Mr. J. T. Bagram, seconded by Mr. H. Overy. while Messrs. Linstead and Davis were re-elected auditors' on the motion of Mr. Ross recorded by [Mr. P. A. Yvanovich,
,
LANE, CRAWFORD LIMITED
Subject to audit, the accounts
This is one of the recent develop-accelerated by the establishment ments of the Chinese Industrial of a new paper co-operative, a new for the year, ended February 28. Co-operatives which aims to train publishing co-operative and several 1939, show a profit of $188,259.27, the nation's thousands of in- refugee schools in the same town. to which must be added the carry capacitated soldiers so that they The other Industrial co-opera-forward from last year of $86,983.- will be less dependent upon the tives for crippled soldiers in that 48, making a total of $255,242,75. Government for support both district include ધ tobacco 00- At the forthcoming meeting of during and after the war. In this operative, a chemical co-operative shareholders, to be held on Satur Httle Klangal town, the first in and a tailoring co-operative, all of day, May 27 the Directors will China to have Crippled Soldiers' which meet heavy local demands, recommend, as follows:--- Co-operatives, four units have New soldiers' cp-operatives for Transfer to General Re- been started. The organization of making leather, ramie, alcohol,
Berves these co-operatives has partially and paper are being organized Transfer to Staff Pus- answered a long-felt need on the while, one for gold mining directed sages and Contin- part of Chinese officials to and by an engineer who is being paid gencies Account some way to make crippled soldiers part time by the China Industrial Dividend at the rate of productive while they are being Co-operatives will shortly start its 8 per cent.... helped by governmental relief,
#
TUESDAY, MAY 16, 1939. -PAGE
NEW KIND OF TIRE STOPS QUICKER IS SAFER ON WET SLIPPERY ROADS-
Here's a new Goodrich tire. with a tread that gives you the greatest
protection against skid. ding that you've ever had on your ear
This ROW Lifesaver Trend is actually a road dryer. Its never ending spiral bars, acting like
a battery of windshield wipers sweep water right. and left, force it out through the deep grooves.
The rubber grips a dryer,
safer surface, stops your
ear quicker than you've.
1
ever stopped before.
new
The Goodrich SAFETY Silvertow
Sole Importers for China and Hongkong: CARLOWITZ & Co. Bank of China Bldg.
Tel. 31995.
Local Distributora:" KA_FOONG TIRE CO.
Tel: 24:40.
131, Hennessy Road.
KIRIN
The
B
E
E
Choice of
The Multitude
Sole Agents
H. HONDA &
Tai. 20720.
R
CO.
40, Johnston Road, Hong Kong,
HONGKONG WEEKLY PRESS
AND
CHINA OVERLAND TRADE REPORT.
ILLUSTRATED
PUBLISHED EVERY FRIDAY
FULL REPORTS
OF
LOCAL NEWS, SPORTS, GOSSIP, TRADE, ETC.
30 CENTS A COPY
$50,000.00.
·4,429.32
-60,000,00
work.
ม
Bonus to Start
BRINK BUSINESS
The printing co-operative in the Klangst town, entirely operated by
The officials of the China In-Write of Bakery Plant ... dustrial Co-operatives, believe that Carry forward to industrial co-operatives, that deal
account with light industries, afford the
-9,867.91 50,000,00
next
crippled soldiers, is doing a brisk best outlet for the energies and business. Its work has been greatly abilities of the wounded men.
-80,955.52
$255,742.75
MARINA HOUSE (SRD FLOOK) 16-18, Quana's Road Caerian
HONGKONG DAILY PRESS, LTD.
LAMMERTS' AUCTIONS
PUBLIC AUCTION.
THE
HE Undersigned have received
instructions
to SELL BY
PUBLIC AUCTION
OX
THURSDAY, the 18th MAY, 1939
Commencing at 2.30 p.m.
fri
At their Sales Room, No. 35, Hankow Road, Kowloon,
Comprising:
Teakwood Dining Room, Bed Room. Drawing Room and Office Furniture, Carpets, Rugs, Orna- ments. Cutlery, Porcelain.. Glass, Brass and E. P. Ware, Gramo- phones and Records, Electric Table Lamps and Fans, Pictures, Cooking Utensils, etc., etc.
also
A FEW PIECES OF BLACKWOOD.
FURNITURE
and
One Radio Set
1J
On VIEW from WEDNESDAY.
the 17th MAY, 1939.
TERMS:-CLI on Delivery
LAMMERT BROS..
AUCTIONEERS"
PUBLIC AUCTION.
THE
HE Undersigned have received
instructions
TO SELL BY
PUBLIC AUCTION”
OX
FRIDAY, the 19th MAY, 1939
Commencing at 2.30 p.m.
At their Sales Room, No. 2 Con- night Road, Central, "Ground Floor.
Comprising:
Teakwood and Iron Bedsteads. Cots, Divans, Wardrobes, Dressing Tables, Chamber Stands," Chests of Drawers, Chesterfield Suites, Side- boards, Dinner and Tea Waggons, Dining Tables, Chairs, Ice Chests. Flower Stands, Desks, Typewriter Tables, Filing arid Glass Cabinets, Ornaments. Cutlery, Dinner Crockery, Glasses, Brass and E. P.. Ware; Electric Fans and Lamps, Gramophones and Records, Rugs. Cooking Utensils and Stove, etc, etc..
معلم
A FEW PIECES OF BLACKWOOD FURNITURE
and
2 Radio Sets","
3.Canvas. Cances
1 Burf Board
↑ "Singer" Sewing Machine.
1." Corona" Portable Typewriter
1 "Royal" Portable Typewriter'
1 "Bar-Let" Portable Typewriter
i "Underwood" Typewriter
On VIEW from THURSDAY,,
the 18th MAY, 1939.
TERMS:Cash on Delivery.
LAMMERT BROS.
AUCTIONEERS.
A Job
0251.
WANT ADS