L
HONGKONG" DAILY PRESS
Finance and Commerce
PEACEFUL & FRUITFUL PROGRESS
UNDISTURBED SECURITY
OF BRITAIN'S EMPIRE
LONDON, June 4 (BWS)--In conformity with the practice begun last year of presenting to Parliamens with the Colonial and Middle Eastern estimates, a review of the year's work in the Colonial Empire, a Blue Book was issued yesterday which re- cords the developments up to the end of March List.
A description of the peaceful and fruitful progress in many spheres of activity over the vast areas of Colonial dependencies effectively serves to put in their true perspective the events of a less happy nature which have marred the year's chronicle in cer- tain places and which have received disproportionate publicity" on account of their current news interest.
propaganda among the adult com- munity was also carried out and a number of new ration scales for labourers was. Introduced.
N
The review deals faithfully with food for schools children, Welfare the disturbances in Palestine and the unrest In the West Indian Colonies, but it is amply justified in pointing out that if the popula tions of all territories in which the The Nutrition Committees were disturbances have occurred Bre at work during the year in most added together, they amount tu Colonial dependencies. Extraordin- about 3,000,000, while populations ary results were obtained from an totalling 56,000,000 have enjoyed experiment in nutrition undisturbed public security in the rest of the Colonial Empire.
"In contrast with the distur bances which have taken place in so many parts of the world, the history of the Colonial Dependen- cies, as of the whole British Em-
pire, has. in the main, been one of constructive peaceful development,
"Indeed, in several instances, the security and peacefulness of the British Colonies have attracted great numbers of refugees from neighouring countries. harassed by war or disturbances,"
carried
out among some 200 labourers of the Ruanda Tribe, regarded as poor in physique and inefficient workers, who were employed on the building of the new, Kampala Railway Station.
The results showed that, on good diet, these people become as e- clent as the best labourers drawn from Uganda.
..
Educational Policy.
YEN CONTINUES
:
WEAK
SHANGHAI, JUNE 5 (REU- TER) THE YEN CONTINUES WEAK, BUYERS THİS AFTER- NOON PAYING 921 NATION- AL CENTS.
DISMAL NEWS
British & Chinese Corp. Meeting
Once again Mr. D. G. M Bernard, chairman of the Brl- tish and Chinese Corporation, had little but dismal news for the shareholders.
The company is the con- tractor, for the Chinese GOT- ernment railway lines, and the railways themselves are nearly all now in Japanese hands.
Mr. Bernard left shareholders in no doubt not only that his sym- pathies are with the Chinese peo ple. but also that the Japanese authorities have failed to respect the rights of the bondholders in the railways under their control
In particular, he reputed that. although the Shanghai Nanking. Rallway has now been operating In the chapter on education, Mr. Inormally for a considerable time Malcolm MacDonald replies to the under Japanese control, Japanese criticism sometimes made of the officials have persistently refused educational policy in Africa to the to allow the representatives, of Welfare Of The People
effect that it is a mistake to the bondholders to exercise their What is brought out by this dis spend so much on higher educa-lawful rights, and have appropria- passionate review of last year's tion in a region which at needs ted the revenue which belongs t events in the Colonial Empire.a great deal more to be done for the bondholders. which runs to nearly 100 pages primary and secondary education.
and deals with each group of de- pendencies separately, as well as each main aspect of Colonial ad- ministration in over a dozen chap- ters. is that the major tendency in all dependencies has been the greatly increased concern for the welfare of the peoples.
This has been manifest not only in the attention given to the improvement of labour conditions, but in the work for the welfare of women and in connexion with health and... nutrition.
Evidence" continued to accumu- late on the extent to which mal- nutrition is a factor in 111-health and inefficiency in many parts of the Colonial Empire. Hence the active interest taken in nutritional subjects.
Ceylon's Activities Ceylon, for example, spent a million rupees on supplementary
Weekly Rubber Report
11
Disastrous Results
He found the same condition of affairs with the Shanghal-Hang- chow section of the Shanghal- Hangehow Ningpo Railway.
The Colonial Secretary writes: "It may be said we are building the peak of the pyramid before the base. I do not accept that metaphor. Education in East He pointed out also that these Africa resembles rather a column. disastrous results of the Japanese not of statle stone, but of moving invasion of China esme át a mo- water, ever rising upward to the ment when the railway lines had head of the fountain whence the just achieved a
very prosperous column spreads out and returns to condition, for the annual report of its first level, shedding over 題 the Shanghai-Nanking Railway wide area the refreshing waters of for the year ended June, 1937. teaching ability, medical skill and showed a record operating revenue. technical knowledge.
"Mones spent wisely OTI higher education is, in fact, qui essential contribution to- wards the spread of primary education."
In part of the statement which deals with trade. It is shown that prices of colonial products were, on a whole, un- favourable and this had a marked effect on Government revenues."
AGRICULTURE SHOW IN LEIPZIG
LEIPZIG. June 5. (T/Ocean).
Before hostilities broke out in August, 1937, China had entered upon a period of prosperity not experienced for, a generation, and the outlook for railway enterprise was most promising.
The only comfort he could and in the situation was China's mar- vellous recuperative powers, 80 that, in his view. when hostilities are over it will need only one or two good harvests to put the na tion once more on the road to prosperity.
PLAN TO INCREASE TAX REVENUES IN INDO-CHINA LUNGCHOW, June 5
Int'l)-A
ores
The following weekly rubber re- The biggest agricultural show in port has been issued by Messrs. the world was opened here yester-plan to increase tax revenues un- Reynolds & Gibson through the day by Retch Minister Darre who,der which export duties on courtesy of Messrs. Payne & Co..in an address, declared the sys-will be raised from the present 10 Hongkong.
tematic work of Reichs Naehrs- per cent to 16 per cent, was un- London: Our market advanced tand, that is the body controlling animously approved by the 1/8d. to 3/18d. as soon as the quota the German state agriculture. Supreme Economic and Financial décision became known and has succeeded since, 1934 to raise the Council of the French Indo-China remained steady since then value of German agricultural pro-Government in an extraordinary around that level. The fixing of duction by more that two millards session, in the Hanol University the exportable quota for July-Reichsmarks which amount other-buildings. It was revealed here. September at 55 per cent, seems wise would have seen paid by It is thought that the increase r to have been received favourably Germany for imports in foreign 750,000 plastres coming from the ratse in taxes will be paid either
on all sides and Akron manufac
currency.
turers were apparently quite satis- At the same time the Reichs by the Japanese traders who have fed with the extra release. Al-Naehrstand had established
ducts.
been taking more than half of the though the decision for a 5 per sound market in Germany for mineral output here or by the cent. Increase had been anticipat-farmers in such countries willing French miners, or perhaps by both ed and therefore discounted in the to import German Industrial pro-icintly. price, the publication caused a Armer tone to be in evidence and
Minister Darre announced the some covering was noticeable
German Government in the near from those who had looked for future would take important new 10 per cent increase. The next meeting of the IRR.C. had been tivation as well as the production steps intensifying oll fruit cul-
fixed for Tuesday, July 25.
of milk and butter.
The US. Questionnaire figures; for April are given below with March as comparison-jé's
Consumption-April, 44,166 tons; March, 50.165 tons.
tons; 1937: 23,314 tons. Stocks-April 30
TESTING ARMATURES (From Our Own Correspondent)
torg using highly developed
The visitor to any modern fac-
me. Ichanical processes is often fas- cinated by the ingenuity of the machines he sees at work on 1939: 88,502 tons; 1938: 82.573 actual production. But the means
evolved for testing the tons; 48,571 tons.
products Malayan shipments for the first are often of equal interest and half of May were cabled a few oven greater precision and deli- tons; days ago at 22,000 tons, with a cacy than the producing plant. Mar, 38,989 tons.
forecast for the whole of the There are many examples of this *Afloat, 57,918 tons; Mar, 55,981 month of 43,000 tons, while Cevlon to be found in the Lucas factory
tons.
exports for the first half of this in Birmingham, where testing ap Reclaimed. "Consuniption-April, month were given as 1,162 tons paratus has been perfected to 13,301 tons; Mar., 15,322 tons, against 1,179 tons in the corres meet the very highest demands
It is explained that the revision ponding period of April, 2
of accuracy and reliability in the
Stock--April, 190,896 tons; Mar., 205,900 tons.
Arrivals—April,
29.061
of the March stock figure an- Any improvement in the inter manufacture of electrical nounced above from 219,813 tons national situation should bring ponents.
to 205,900, took place in accor-|about firmer markets.
FINANCE & GENERAL
H. K. STOCK EXCHANGE
"After a long resistance buyers gave way to-day resulting in an all round improvement in the market, This was possibly precipitated by the Telephone Company announ- cing their interim dividend making Intending 'buyers realise that they must make up their minds to meet sellers prices, and that at present levels there is still room for consi2 derable further, improvements.
HUYERS
H.K. Bank, $1400.
Union Ins., $442). China Underwriters, $1.45.
H.K. Fires, $180.
H.K. Wharves, $110. HK, Docks, $18.15. Providents, $4.85. H&S, Hotels, $51. HK Lands, $264. Humphreys, $8.20. H.K. Realties, $4.60. HK Tramways, $16.50" Star Ferries,·966].
Yaumati Ferries, $22,40, China Lights (O)," $3.65. China Lights (N), $5.70. H.K. Electrica, $50. Telephone (0), $24.„' Canton Ices, $1. Cements, $131. HK, Ropes, $3.80. Dairy Farms (0)," $22. Dairy Farms (N), $21, Watsons, $82.
Lane, Crawfords, $7. Wing On (H.K.), $41. Wm. Powell, Ltd., 80ct. Constructions, $11.
H.K. Govt. 4% Loan 4% pm. H.K. Kovt. 31% Loan par.
SELLERS
HK. Bank, $1420. H.K. Docks, $181 Watsons, $8 90.
SALES
EK Bank, $1420. Union Waterboats. $3. F.K, Wharves, $110. Providents, $4,85, HK. Lands, $361. HK Tramways, $17. China Lights (N), $5,70. RK. Electrics, $56/584 Telephone (0), $24. Cements, $13.85 Dairy Farms (0), $22. (Watsons, $8.70/85.
HK. Govt, 31% par 1/8% prem. PHILIPPINE GOLD MINING QUOTATIONS
Atcks
Antamok
Batong Buhay Benguet Consol. Coco Grove.
Centavou
aną.
25+
016
11.40
364
Consolidated Mines Demonstration Itogon Mining
00.25
12
223
1.1
111
16
34
174
1.08
23+
Syndicate Investment
United Paracale
Mindanoa Motherlode
Manbulao Consol. Masbate Consolidated Mine Operations .... North Camarines Paracale Gummaus San Mauricio Surigao Consol.
49
11
PHILIPPINE GOLD MINING
QUOTATIONS
Monday, June 5, 1939.
Antanioks
Coco Grove
TUESDAY, JUNE 6. 1939. -PAGE 11
KIRIN
The
B
E
E
Choice of R
The Multitude
Sole Agents :
H. HONDA & CO.
TL 20790,
SPEEDTM EASTWARD
40, Johnston Road, Hong Kong.
FROM SEATTLE: IN
"SOLID
COMFORT"
CHILAG MILWAUKEE
LAMMERTS' AUCTIONS
PUBLIC AUCTION.
THE Undersigned have received
instructions
to sell by
PUBLIC AUCTION
on
WEDNESDAY, the 7th_ JUNE," 1939
Commencing at 11.00 am.
At their Bales Room, No. 2, Connaught Road, Central,
Ground Floor.
A QUANTITY OF HOUSEHOLD FURNITURE
also
2 Cases Mustard Sauce
3 Gases Books
14 Cases Dates
1 Roll Roofing
4 Pairs Ladles' Shoes
122 Fair Shoes
329 Lbs. Steam Packing
43
17.5/12 Doz. Gauge Glasses 42 Dcz, Shirts
Terms: Cash on Delivery."
LAMMERT BROS.,
AUCTIONEERS.
PUBLIC AUCTION.
TELE
HE Undersigned have received
from an
old collector of Chinese" Curios
to sell by
PUBLIC AUCTION
.006
ON THE
COMPLETELY
AIR CONDITIONED
Olympian
"You'll enjoy its smooth, gliding swiftness, over the shortest route of longest slectrification...its luxurious accommodations and friendly service... its sumptuous meals... its inviting beds ... the freshness of its air conditioned equipment,"
You'll meet discriminating travelers who prefer to travel Milwaukee...you'll thrill to magnificent scenery. Include the Journey between Seattle and Chicago on The Olympian as a port of your itinerary.
Für further information inquire of your meorget seam- skip office, nay Travel Bernou, or
BRIC MARSHALL, Agent
1901 Government St., Victoria, BC. PA, J. CALKINS, Gonacal Agani
1080 793 Granville St., Vancouver, BC, IL F. MANDALL, Dist. Fomençur Aquat
461 Market $1., San Francisco, Cal J. F. BAHR., Ast, Gew. Passenger Agurt
980. 8. HAYNES, fax Treffe Mgr.
Chicago, M.
ST AANK
THE MILWAUKEE ROAD
WEDNESDAY, the 7th JUNE, 1939
Commencing at 2.30 pm.
At their Bales Room, No. 35, Hankow Road, Kowloon,
A FINE AND VALUABLE COLLECTION OF OLD CHINESE CURIOS
Including:
Tong, Sung, Yuen, Ming and Ching Dynasties.
On VIEW from TUESDAY, the 8th JUNE, 1939.
LAMMERT BROS.
AUCTIONEERS.
HONGKONG WEEKLY PRESS
CHINA
AND
OVERLAND TRADE REPORT
ILLUSTRATED
PUBLISHED EVERY FRIDAY
Centavos
25⚫
Benguet Consol.
11.40
364
Consolidated Mines Demonstration Mindanoa Motherlode" Itogons
00.25
12
11
23-1
Masbate Consolidated
11
Paracale Gumada
17)
1.08
49.
North Camarines
34
Batong Buhay ... Mine Operations
0.18
16
Syndicate. Investment
05
231
107
San Mauricio
United Paracale
Burigao Consol....... Manbulao Consol
Market Comment Firm,
HONGKONG
SHAREBROKERS
ASSOCIATION
Volume of Business Transected on Monday, June 5, 1939.
HK. Banks Electrica..... Electrics
FULL REPORTS
5 $1,410,00
200
56.00
200
56.25
Tram
700
17.00
Watsons Watsons
500
8.70
.600
8.30
500
"889°
0
Waterboats Realtles
100
8.00
500
4.85
com-
China Lights (N)... 1,000 Yaumati Ferries 100 22.60 Providenta
500
4.85 Paracale Gumaus, 5,000 | Ps. 0.17
5.70
LOCAL NEWS, SPORTS, GOSSIP,
TRADE, ETC.
In the starter and dynamo sec-
dance with the annual custom off Movements of Rubber in London tion, for instance, there is a de- blue light glows, and if there the UA. Rubber Manufacturers and Liverpool for week ending vice for testing the armature an earth, up goes the red light. Association in order to conform May 20, 1039:- with the year-end survey of the
the heart of the starter. The In addition, there is a neon light London-Landed, 837 tons; De- Department of Commerce.
ilvered, 1,274 toris: Stock, 43,040 operator is confronted by a panel which is extinguished if a fault UK Board of Trade gutes for tous; Same time last year. 56,075 bearing three coloured lights red, develops in the tester itself, while
white and the first four months of the year tons. de
blue. The armature | there are two ammeters for compared with the corresponding Liverpool Landed, 68 tons; De- under test is revolved in a mag-further measurements a period of the two previous years. hvered. 675 tons; Btock, 21,893 netic deld, and each time 13 re- In this manner the operator, are as follows
tons: Same time last year, 28,678 volutions are completed the white in under a minute, can check Importa-January/Apri
tona AINA words light glows to indicate that the every possible fault in an “arma- 1939: 34,546 tons; 1938-71,444 New York-Prices have again tester hag, covered the whole of ture and thus ensure that the tons; 1937: 26,937 tons,
moved within a range of about the armature. But if there is a heart of the starter is absoluter 25/30 points but without any de- short circuit in the windings, the Is sound,
Exports January/April-
1939: 15,988, tona;, 1938; 9.120 units trend:
30 CENTS A COPY
HONGKONG DAILY PRESS, LTD.
MARITA HOUSE (SRD FLOOR): 16-19, Queen's Road Custral
TIL 20251