HONGKONG DAILY PRESS
Finance and
and Commerce
No Loan To Spain
UNDERWRITERS NEW RATES TO
THE EAST
LONDON, May 19 (Reuter)-
Underwriters
in the
LONDON, May. 19 BWS-Ques-The Rating Committee of the In ons were asked in the House of stitute of London Commons about the press reports has made an alteration regarding a loan to the Spanish rates applicable to vessels sailing on and after May 19, including the following:
Government.
The Chancellor of the Exchequer, Sir John Simon, made the follow- ing statement in reply: "So far as I am aware, It is not the case that the Spanish Government have ex- pressed any desire to borrow from this country and no approach on. the matter has been made to the Foreign Transactions Advisory Committee:
Area-Slam. India, the Dutch Indies. Malaya and British Borneo-and' includ- ing voyages between the Straits Settlements and Inde- China, not north of Saigon, 2 shillings 6 pence per cent.
-
ANGLO GREEK TRADE TALKS
New Major Recovery Drive
BIG PROGRAMME
FINANCE & SERVICES
INTERNATIONAL CO-OPERATION
IN CHENGTU
CHENGTU, May 19 (Cen- tral)-A foreign community
of 120 in which the Britons, Canadians and Americans are
dominant, keeps goodwill and
·co-operation alive in Chengtu, "capital of Szechwan.
thodist Episcopal Mission, the United Church of Canada, Ameri- can Baptist Mission, English and American Quakers and the China Inland Mission.
The Methodist Episcopal Mission owns $368,500 worth of property including a hospital, a midwifery school, a church and three schools,
The majority of the foreign The United Church of Canada residents in Chengtu" are members maintains a 'hospital, a printing of the faculty and staff of the as-press and four schools whose sociated Universities which is Joint property is valued at $700,- made up of the West China Union 1000. The property of the Baptist
(from Tainan, Shantung) and library and three schools valued and Nanking (from Nanking) univer- at $120,000. The English
(originally in Chenstu,) Cheelog Mission consists of a church, a
PLANNED IN U.S.sities and the Medical and Dental American Quakers own a church,
May 19
WASHINGTON, (Reuter)—Another "sign
scon
of
A
Colleges of Central University and a social centre and a primary? Gimling College for Women (also school whose joint property 15 from Nanking.)
valued at $85.000. The property
of the Chinese Inland Mission
La roughly estimated at $40,000,
Many of the professors of the West China Union University have been in Szechwan for more than In Chengtu is also located the 30 years. Since the removal of Roman Catholic Mission's central the four other universities to station for evangelistic work 3r Chengtu during December, 1937. Szechwan Province. Invaluable the new faculty and staff mem-service has been rendered to
SATURDAY, MAY 20, 1939-PAGE 11'
LARSEN
COGNAC
BRANDY
LARSEN
Larsen &&
COGNAC
DEFINITELY BETTER!
AT ALL COMPRADORES
the
Sole
doubtful bers, both foreign and "Chinese, Chinese community by the hospi-
the administration's intention to launch a now major re- covery drive "is "There is no probability, owink
statement made by Mr. Harold L. Ickes, Secretary of the In- to present "conditions, of it being
terior,
advocating
- another found possible to issue "foreign, loans of any substantial amount
public works programme. In this market and, accordingly.
He said that it
WWS the question of giving consent to
LONDON, May 19 (BWS)-Sir whether there had been enough have been the raising of any loan by, or on
Frederick Leith-Ross, Chief Econo-business recovery
to warrant a cosmopolitan behalf of the Spanish Govern-mic Adviser to the British Govern- reduction in Government
spend- the college campus, ment does not arise.
ment. who recently visited Buchar-ing and, since money will have to est these circumstances, on
to negotiate the Anglo-be spent for relief, It would be being consulted as to, the British Rumanian trade agreement, is in better expenned for public works financial Institutions associating Athens en his way home.
than otherwise. themselves with the enquiry into Mr. R. A. Butler stated in the
חזיר
absorbed
Into the tal of the Catholic Church there, atmosphere. of
TYPICAL INSTANCE
A typical instance of the good- will which exists.. among
the The recovery drive: which is international the financial and economic post-House of Commons at question believed to be designed with
organisations in an Chengtu is the operation of tion of Spain His Majesty's Gov-lime that Sir Lelth-Ross would, in eye to the 1940 elections
the is also United Hospital of the associated ernment expressed the view that the course his discussion there. expected to emphasize aid for universities "on the premises of this would be inappropriate for impress on the Greek Government small businesses, chiefly "by reasons above stated and that no the importance His Majesty's Gov-Mend Bill, by which the British financial institution has ernment attached to a satisfactory ernment will guarantee loans associated itself with the pro- | settlement of the debt problem. small business men.
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E The E
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H.
Tel. 30730.
Sole Agents fo
R
HONDA & CO.
40′′ Johnston Road, Hong Kong.
the Chengtu's three mission hospi-
to Methodist Hospital for Gov-tals (the Methodist for Men, the Women
MORTGAGE ASSOCIATION
Mr. James Moffet, oil exern- tive and former Federal Housing Administrator, after 2 White House conference, stated that be Was prepared to organize a private mort-
association Fare
to supply $200.000.000, or more, as mort- gaze money for home and factory construction.
He said that he had received en- couragement by Mr. Roosevelt and was only waiting for Congressional approval for liberalizing the Fede- rat Housing Administration "Act.
and the Eye, Ear, Nose and Throat Hospital). Most of the classroom and laboratory work as well ha the interneship of students of the medical and dental colleges 1s given in these hospitals.
There are five different foreign Christian missions doing evange- istic work in Chengtu.-the Me-
PEAK TRAMWAYS
.CO., LTD.
The Directors will recommend the following allocation of profits for the year ended April 30, 1939. at the forthcoming annual meet- ing of shareholders:-
SHARE MARKET Pay a dividend of 6 per
REVIEW
Harriman, Blake
& Co.
Markets have been rather sub- dued this week and although we have had a welcome respite from alarms, in the form of threatening news from Europe, business has been restricted in volume. This is of course the quiet season in most stock markets, affected by the approach of Summer, and the holiday spirit. Manila shares, with the exception of San Mauricios and Mine Operations have de- clined in market value and trading is on a very limited scale.
Hongkong Banks have eased to $1,350 and Unions to $4324. H.K. Electrics sold at $56 and latterly at $564. Hongkong Hotels ruse to $5.85, but close on offer -at $5.75. Deals in Lands were transacted at $341, HK. Trams were placed up to $167, but are now available at $16.60.
There were transactions in Watsons at $3, and Docks up to $18 and Realtys, were dealt in for June Settlement at $4.00 and at $4,70.
Star Ferries are $65) bildirut. there are few sellers, and, Wharfs sold up to $108. Dairy Farms (old) are firm at $21 buyers, and the "Rights at $15).
Manila-slight advance in Mine Operations to 14 centavos should please the many local holders. This Company reported $4,000 Pesos from 2976 tons milled during April, and is rumoured to have returned 60,000 Pesos for the Arst 15 days of May..
Ban Mauricios have continued to receive support and closed un- changed over the week at P.1:10.
The rest of this list is uninter- eating and quotations slightly lower, led by United Paracales, which are down to 55 centavos, and North Camarines to 35. cen- tavos.
Closing Comment. Hongkong Market: Is steady but marking time. Manila: Just easy and dimcult to forecast.
DIRECT TAXATION
LONDON, May 19 (EWS)—Ac- cording to figures given in a House of Commons answer, 625 per cent of taxation proposed in the in- ance Bill, the final stage of which will be taken in the Commons next week, is direct:
cent. on 25,000 shares Fully Paid Up M. $15,000.00 Pay a dividend of 6 per
cent. on 50,000 shares $5 Pald Up
15.000.00 Write off Permanent Way 10,000,00 Carry forward
22,985.84
$82,885.84
G.
Agents: HIMLY, LIMITED
Phone: 20401.
32, Connaught Rd, C.
R.
REGISTRATION OF BRITISH SUBJECTS.
Under Ordinance No. 12 of 1939, every British subject who was resident in the Colony on 31.3.39 must make and sign a return in the prescribed form, giving the information and particulars specified in the form, and must deliver the return to the Commissioner of Police on or before 31.5.39. The following British subjects are exempted from this requirements.
(a) persons of Chinese race;
(b) members of His Majesty's regular Naval, Military or Air Forces and the
Hong Kong Police Force;
(c) females;
(d) persons under the age of eighteen years;
(e) persons of and over the age of fifty-five years.
Forms can be obtained from all Post Offices, Police Stations and Travel Bureaux or from the Registration Office.
WARNING.
Proceedings will be taken without fürther warning against any British subject who is required by law to register and who has failed to do so on or before May Jist, 1989.
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