HONGKONG DAILY PRESS
Finance and Commerce JAPAN SECURES ONE-THIRD OF CHINA'S IMPORT TRADE
OCCUPATION OF PORTS AND DISCRIMINATORY TACTICS RESPONSIBLE
CHUNGKING, AUGUST. 13: (CENTRAL)
OF CHINA'S IMPORT TRADE FOR
ONE THIRD
THE FIRST FOUR MONTHS OF 1939 WAS WITH JAPAN, according to figures re- leased by the Foreign Trade Commission of the Ministry of Finance. Out of a total value of $397,073,000. in Chinese tional currency, Imports from Japan (plus Kwangtung Leased Territory) amounted to $130,860, 000.
The goods came in mainly through 16 ports. During the period, under survey Japanese military occupation. They were Chefoo Klaochow (Tsingtao), Hankow,
na-
coastal and river eleven were under Shanghai. Tientsin, Klukiang, 'Nanking,
Hangchow, Hainan Island), Swatow fell on June 23, leaving at present only four ports, namely, Chungking. Feochow, Ningpo and Kowloon
0
The United States (plus the many. $20,319,000; Slam.. $2.985,- Philippine Islands) was a poor 000; Netherlands India, 31.707,000; second. Goods and supplies from Belgium, $803,000; and Argentina, America had an aggregate value $46,000. Other minor countries of $85,300,000, less than half of took $25.194,000 worth of Chinese Japanese importa,
experts.
as
Meanwhile, the British Empire,
Import Figures including Great Britain, India. Analyzed by ports, the value of Canada, Hongkong and the Straits merchandise imported during the Settlements, was a clase runner-January-April period was up for third place with $63,466,- follows: · Shanghai, $185,663,000; 000 worth of imports.
Tientsin. $108,809,000 Kiaochow Germany coupled the fourth (Tsingtao), $27,770,000; Swatow, position in China's import trade. $15,015,000; Chefoo,, $7,818,000; listing $27,135,000 followed by Canton, $3,447,000; Foochew, $3.-
France, (plus French Indo-China) | chow (Hainan Island) $940,000; $13,196,000; Slam, $7.379,000; Bel-Ningpo, $704,000; Kowloon, $608, gium, $4.813,000; arid Argentina. 000; Chunglang. $336,000: $777.000.
Hankow, $15,000.
Imports coming in through other ports came to $39,837,000.
war years it instantly becomes clear that this sudden increase has been brought about following the occupation of most of China's coastal and river, ports by Jap- anese invaders and by their dis- criminatory measures against non- Japanese merchants.
"SMALL COIN” NOTES
Discrimination Is Engineered By Japanese
SHIUKWAN, KWANGTUNG, August 14 (Central)---Discrt- minations agalist some prints
of
the Kwangtung "small coin" notes, engineered by the Japanese with the purpose of undermining the Ewangtung currency, were deplored by a responsible officer of ' the Kwangtang Provjacial Bank hore.
14
FINANCE"
TUESDAY, AUGUST 15, 1939 -PAGE 11
BANKING FIRM'S AFFAIRS
BURNS PHILP LINE
HEAVY LOSSES EXPECTED
14.
AMSTERDAM, Aug. (T/Ocean)---The Investigations "made into the extent of obliga- tions of the banking firm, Mendelssohn and Co., Amster- dam, reveal that very heavy losses must be expected "Handelsblad. on Sunday. belleves that the losses on French State securities alone will run into many millions. But apart from the French
business, the issuing financing situation of the firm has been seriously shaken for years past.
"Handelsblad" considers that, in these circumstances. the Men- delssohn Bank ought not to have undertaken the issue of French State loans.
Private Fortune The "Handelsblad" further re- ports that the greatest concern has been caused by the disappearance of Mannheimer's private fortune, which, in Netherlands business circles, had been estimated at about one-hundred-million guild-
era
The "Handelsblad" declares that such estimates are fantastic, but adds that the complete dis- appearance of these assets bas caused greatest misgivings among those mast directly affected.
Recently, the officer pointed out,
While the rest of the presa ex- the Japanese have bought huge.
ercises greatest restraint. the amounts of Kwangtung notes of
"Nationale Dagblad, on Sunday the American Bank Note Company print at a high price, and at the launches a very sharp attack on leading personages of Netherlands India. $21,737,000: 323,000; Amoy $2,990,000; Klung- same time refused acceptance of various
notes of other print, including the Holland who formerly supported and the Municipal Bank print. Chung Hwa Book Company print
The result is that value of the
Exports
and
The value of Chinese exports during the same perfod, classifed
Mannheimer.
American Bank Note Company Mexico
print has risen steadily in value against the National dollar, while notes of other prints were discoun- fed in the open market. Peoples' 'Duty
Britain Buys Most During the same period, Chinese exports totalled $280,- 364,000, resulting in an .un- favourable balance of $136,709,- 000, The lion's share of Chinese
by porta, was: 'Shanghai, $113,347,- The officer declared that st exports went to the British 000: Tientsin, $34,502,000; Swatow, should be the duty of every people Empire, a total of $103,830,000. $19.810.000: Canton. $3,477,000;
of Kwangtung not to be deceived The United State (pics the Chefoo. $2.807.000; Foochow, $2, by the Japanese machinations,
Kowloon, Philippines) took $45,740,000 worth 441,000;
$1,246.000;
and to accept all prints of the of Chinese commodities. Japan Klungchow, $1,183,000; Amoy, $1.Kwangtung notes without discri- came third by absorbing $36,755,- 152,000; Ningpo. $492,000; Chung- 000 worth of Chinese, gdöds and king, $124,000. raw materials.
ducts.
pre-
mination.
Mexico Bitter Towards U.S. Oil Interests
Newpapers in Mexico referred with bitterness to the United States "good neighbour" polley in Latin-America, as the peso declined through July:** Editorials, in both Right and Left wing newspapers criticized President Roosevelt, Secretary of the Treasury, Mr. Morgenthau
Mr. Barkley.
The rate of Kwangtung small Through other ports. China excoin against the National dollas, France (plus French Indo-ported $86,984,000 worth of pro-
the officer sald, now remains at China) ranked fourth in China's ducts. export trade by having bought
Japan's rise to the premier place 144, as was fixed by Government and the Senate Majority Leader. mandate. The rate will be applied. $20.985,000 worth of Chinese pro- in China's import trade has been whenever the public request con- Bankers and miners, meanwhile,
It was followed by Ger- metcoric. Compared with
version of their Kwangtung note saw no likelihood of improvement in the declining peso until some holding into National dollars.
The officer revealed that the settlement of the claims of the ex- acute shortage of National dollar propriated petroleum interests has
been negotiated. subsidiary notes in Kwangtung will shortly be alleviated when a large quantity of these notes arrive from the four Government banks. The officer said that discrimina- tions in favour of the American Bank Note Company issue of the Kwangtung notes are confined negotiated between Mexico and
totalitarian nations, merely
Once weak and miserable
"NOW
full of Energy and Cheer"
"As for Sanatagen, it can never be beaten, it is just like. drinking magic, and those who have had a nervous breakdoum, like myself, please tell them to try Sanatogen. I can eat, sleep and enjoy life now. It is life, and life is wonderful when there is health, and there is health in every bottle of Sanatogen,”
writes an enthusiastic Sanatogen 'user.
Take a course of Sanatogen and enjoy Youth and Health again. Headache, nervousness, anaemia, and fatigue after a full day's work will soon disappear, for Sanatogen gives your body and nerves the strength they need. SANATOGEN strengthens and soothes the nerves and revitalises the blood. Buy a bottle at once. You will soon enjoy work and leisure and not only feel young but look young too.
SANATOGEN
The Trus Tonic Food
Obtainable at all Chemists
to
Hongkong. Macao Tolshan, Sunwul and neighbouring places, and do not affect other parts of Kwangtung.
YUNNAN AS NEW
а
Mexican experts foresaw some dimenity in negotiating such settlement, especially as it will
months before many remittances can settle internation- 21 barter agreements already
be
LANCASHIRE STATISTICS
of
LONDON, Aug 13 (BWS)_<^ Striking facts
·regarding · Lan- cashire's production of cotton cloth
statistics, just! are revealed in issued for the year 1937.
SILK CENTRE KUNMING, Aug. 14. (Central) Silk from Yunnan, blessed by
Total output of piece goods made. Ideal climatic conditions and bene-
for sale exceeded 3,000,000 and it sited by scientific methods, is ex- pected to excel, the product from is graphically stated in the re- the coastal provinces, A sericni-port that the yardage of pro tural improvement station has ducts of Lancashire loom for the been established in Yunnan and year was sufficient to provide a eight months of promotion work belt of cloth approximately 40 have aroused considerable interest inches wide which would extend among the government organs and 80 times round the world and, in addition, cloth made on commis- the people.
sion would provide another belt Governor Lang Yun la so deeply interested in the silk Industry that not quite so wide but sufficient to he has sent a large number of his encircle the earth once again.
Production for the year was soldiers to plant mulberry trees in barren regions in the province. A sufficient to provide every per- campaign for planting 30,000,000 801 on earth with two yards of
cloth. mulberry seedlings being The gross value of output was vigorously carried out.
and. £84,500,000 million
cost of Training For Girls
raw material for the year exceeded The improvement station has| £59,000,000. asked the "National Yunnan Uni-
versity to take an active interest in sericulture, and has started a training class of 60 girls. In the next session 80 boys will be train-
ed.
The Yunnan sericitura) workers
WEST KWANGTUNG WASTELAND TO BE DEVELOPED SHIUKWAN Aug. 14 (Central)
GOT are receiving support from the The Kwangtung Provincial C Central Government and the pro- ernment is drawing up a plan vincial authorities, which have the development of the vast tracts appropriated $800,000. The four of uncultivated land at Zambalen government banks and the Yun- Limehow, and Lalchow in wes nan Provincial Bank jointly in- Kwangtung. vested $10,000,000
The plan is expected
a cost or $2,000,000 whl
government and
счеты
vincial
A special plantation of, 10.000 acres of land was dedicated ex- clusively to mulberry trees. A si Alature, capitalized at $700,000, to raised be equipped with up-to-date ma chinery will shortly be established pers near Kunming.
STOTK
Passenger & Freight Service To
AUSTRALIA
M.V.
NEPTUNA'
Saturday, 26th AUG. salling MIDNIGHT
Tuesday, 29th AUG.
20.1
SAIGON,
MADANG, SALAMAUA.
RABAULĄ SYDNEY AND MELBOURNE.
Excellent passenger accommodation with a large number of single cabins at no supplement. Built-in Swimming Bath and Spacious Sports Deck.
First Class to Sydney-
Single £47.10.0d. Return-£76.8.64.
Passenger & Freight Agents →→ GIBB, LIVINGSTON & CO., LTD.
P.&O. Building. Telephone No. 28031.
MAERSK LINE
FAST
LINE
ERVICE
Fortnightly Express Sailings
LAMMERTS AUCTIONS
PUBLIC AUCTION.
THE Undersigned have received
instructions
to sell
PUBLIC AUCTION
TUREHAY, the 10th andFT, 1935
Commencing at 18.30 AM.
At No. 9, Hillwood Road, 1st floor,
Kowloon."
A QUANTITY `OF VALUABLE HOUSEHOLD FURNITURE
F
Comprising:--
Rugs Easy Chairs,
Curtains,
Porcelain, E P., Brass and Glass
Ware,
and
Records, Cutlery, Clocks, |Pictures, Electric Heaters
Fans, Ornaments, Cooking Uten- siis, etc., etc. „
sixo
A FEW PIECES OF BLACKWOOD
FURNITURE “
and
1 "Simmons Iron Single Bedstend with spring Mattress and Mat- tress
1 "Underwood? Typewriter
1 "Zenith" Radio
1 "Victrola", **
On VIEW. from MONDAY, the
14th AUGUST, 1999.
KEELUNG, SHANGHAI and JAPAN
"Terma: Cash on Delivery.
LAMMERT BROS..
AUCTIONEERS.
LOS ANGELES, PANAMA, NEW YORK, BOSTON, PHILADELPHIA, BALTIMORE,
NORFOLK & SAVANNAH:
Through Be/L are issued to Central and South America, Gulf and
Caribbean Sea Ports and West African Ports
Beilings to USA "Arrivals from USA,
oth Aug. 29th Aug.
M.V. "MARCHEN MAERSK "
M.V. “HULDA MAERSK”
M.V. "LEXA MAERSK"
MV. "ANNA MAERSK”
113 Aug.
27th Aug.
13th Sept...
97th Sept.
(61) dates are subject to alteration without notice.) EXCELLENT ACCOMMODATION FOR PASSENGERS
AT MODERATE BATES.
For Freight and Passage please apply':
JEBSEN & CO.
Canton Bhameen, B.C.
Tel.: 10916,
Agenta.
Swatow Agents GEBR ROESE
飛可用耐混
Hong Kong, Pedder Building.
Tel. 31205-8.
Tol: 1652.
PAINTS. ENAMELS,
DEŠ ZA VARNISHES & SPRAY LACOLIERS
DURABLE re ECONOMICAL
THE NATIONAL LACQUER & PAINT PRODUCTS CO. LTO-
AN KINGE ROAD, HONG KONG, TEL, 31603-2
品出司公限有油漆
NOTICE TO CONSIGNEES
OCEAN STEAM SHIP CO., LTD.
AND BR
CHINA MUTUAL STEAM NAVIGATION CO., LTD..
· HAMBURG-AMERIKA "LENIE-
NOTICE TO CONSIONEER
THE 8.8.
THE
"BAARLAND
having arrived from Hamburg-and Ports of call, Consignees of Cargo are bereby notified that their goods are being landed and placed at their sick into the Hong Kong & Kowloon Wharf & Godown Company's: Kowloon, where delivery obtained ae non sa the landed on
CONSIGNEES per Co.'s Vessel:
MATANTALUS" FROM UNITED KINGDOM VIA BINGAPORE are hereby notified that their cargo will be discharged into Holt's Wharf Optional cargo will not Kowloon, where it will lie at consignee risk and subject to terms and cond tions of storage at Holt's Wharf: The Oarge will be resty for delivery from Godown on and after 11th Ang, train
Optional carço will not be landed. No claims will be " here, unless notice has been given prier Goods have left the God to, steamer arrival bat carried" "om
goods remaining undelivered from port to port to the final port of 12th Aug., 1839
call to which the option extends
All broken, chaled, and dama goods are to be left in the Godo where they will be examined on Tuesday and Fridays between the hours of 10.45 am, And Noon within ths free storage period Vers
No claims will be admitted after the Goods have left the atomer's and all. Gooda zumaini after the 18th Aug, will be subject rent
All Claims against the Steamer
sented to the undersened on the 1s Begt, owlEhey will
nemployed. fuech there so do 11th
ared
here, unless noties has hours prior to vesse carried on from port, anal port of call to extends.
rent.
All broken chiled, Godds are to be
where they
Sarveyors
to
PUBLIC AUCTION,
THE
Undersigned have structions
to sell by
PUBLIC AUCTION
WEDNESDAY, the 16th AUGUST 1939
Commencing at 11 am.
At their Bales Room, No. 1-Com- naught Road Central, 2nd Floor.
50 Machine Gun Tripod (Scrap)
4 Bundles Coloured Mattings
#1 Bale Springs
-Cash on Delivery,
LAMMERT BROS.
NOTICE TO CONSIGNEES
75 OURAK STEAM BHIP COULTD.
OF CHINA.MUTUAL, STAT es NAVIGATION CO. LAP:42
MONBIGNEES per On's Vapool!);
HYRU
FROM BEATTLE, VANCOUVER AND VICTORIA via JAPANE
win requested to take delivery of Flowe and Lumber Bhipments as soon as the use in ready to discharge and are reby touted that if their fighters are not Rood arongide the steamer.
required their Bhippoent
be 3disebarged inter Bala Kowloon, where the orgy, w expense and subject to the their risk ands Conditions of "at Holt's Wharf Steamer will com
the 19th Ang
* General Cargo, il
And all Hole Whirl, Kowloon
mbjest
st, Conngueen risk and esbject
Terms and Conditio Holts Wharf. The Co for Delivery from the