HONGKONG DAILY PRESS.
Finance and Commerce
Japan Can No Longer RICE SHORTAGE
Gain End By Force
denunciation of nur
LONDON, May 8 (Rautor)—The first China Association` commit- Lee is convinced that reprisals in the form, to begin with, of a commercial treaty with Japan would be the most suitable method of putting a stop to the indignities suffered by British subjects in Tientsin..
IN KWANGTUNG
government authorities.
FINANCE & GENERAL
Price Control Criticised By
- F.M.S. Chairman
An exhaustive survey of commerce in the Federated Malay States was made by Mr. D. Sears, president of the Federsted; Malay Stales Chamber of Commerce, at the annual meeting of the Chamber of Commerce, 2
certain lines which
Referring to price control, Mr.(it was not intended "that allow- Sears said that some members of ances should cover all extra ex- SHTUKWAN. May 8 (Central)- the Chamber felt that Govern-penditure put upon clerks by their The acute rice shortage inment and hampered trade un-dependents. Allowances were fe Kwangtung 13 cccupying the necessarily. serious attention of the provincial consumers would like to receive
They thought that commended as a gesture.
TIN AND RUBBER MARKETS importers Mr. Sears said he could not help A number of food readjustment would be glad to "Impor, but that feeling it a pity that the recom- organs have beep established in orders could not be placed inmendations
at made
Kuala the East River district. where England because, selling at Cov-Lumpur agency houses in respect the -altation 13 most serious, ement controlled prices. there of estate staffs were on a different The China Association, he con- He said that the promised re- following the recent inspection would be no profit.
and somewhat more generons tinued was somewhat disturbed opening of the Yangtze and Nan-tour of
General Ll Hon-wan, “ Another point raised by thepre-scale.
This was announced by the Chairman of the committee. Mr. Warren Swire, at the "annual meeting yesterday.
posited by a ventral bank
AGREEMENT DEPLORED
B.S
||
by a report that there is an An-king, though better than nothing. Governor of Kwangtung. These sident was that Federated Malay Speaking of tin and rubber glo-Japanese agreement underwould mean very little.
organs will be responsible for the States price control was markets, Mr. Bears said that it ›which part of the Chinese silver. The committee, he said, con-purchase; transportation and centralised in Singapore without was ari unfortunate circumstance which up to now have been in safe tually pressed for a full and equitable distribution of rice. sufficient regard to Federated that for a considerable time when keeping in the British Concession, genuine reopening to trade above To ensure adequate transporta- Malay States conditions,
the market was at its highest. will be employed to relieve the dis- Nanking.
tion facilities, many cars, and CO-ORDINATION NEEDED Government control of prices of tress caused by floods.
"There is ample evidence that trucks owned by the Kwangtung Mr. Sears made a plea that tin resulted in Malayan producerS Part of the silver w be de- access to this place is allowed to Provincial Bank and highway Government hould attempt better receiving considerably less that the Japanese traders," be continued. bureaux have been set aside for co-ordination between the proper market value for their
Referring to the Wang Ching-the exclusive use of shipping rice, cidence of similar enactments and product wet regime, he said: The crea supplies of which are aireddy ar- regulations iri the Federated Part "The approval of this plan by tion of these puppet administra-riving in considerable quantities Malay States, the Unfederated difference found its way into the of. the ccnsiderable the Chinese and American Gov- tions has been interpreted from Hunan and Klangs!. ernments is essential," he said. throughout Trée China
Malay States and the Colony. He porckets of Ameri an middlemen. "SAVE RICE" "g. We are convinced that
referred to annoying acses where The producers lost money and the acknowledgment by Japan that agreement,
At the same time. a "save rice" the emergency regulations have Britain lost American exchange. If which W33 reached she can no longer, hope to gain movement has been started been Interpreted differently in industries were" accused of war without their full. approval, will her ends in the Asiatic continent among officials of the provincial places like Redah, and Johore. be deplored as a whole by the Bri-by her own military and naval government. It is pointed out that
profiteering what must be noted tlah community in Cina and con- power..
Referring to the cost of living was, the series very lean years by abstaining from one meal a allowancs recommended damned by public, option in this The American ability to impose day, 'people may save a consider- clerical staffs on the senle sug-valuable foreign exchange the two to the they have corne through and the country.
an embargo on the export of warable, quantity of rice before an gosted on the same lines adopted industries were now able to materials to Japan is a tact which adequate supply is again secured. in the Colony, Mr. Sears said that provide. the Japanese dare not ignore, nor In Kukorg to check the rising will they lenore it, provided that tendency of the rice price, instruc- meanwhile they find the British tions have been issued forbidding economic significance or that the Government Impervious to their merchants to quote prices higher expenditure of part of the silver blutt and prepared to take repri- than that officially fixed. on that object, and the Immo- sals." bilisation of the remainder, was Brigadier General C. R. Wood without significance to the gen-roffe succeeds. Mr. Swire as Chair eral Chinese currency position."
"No one, for a moment, could accept the view that the relief of distress in North China, caused largely by the Japanese, had no
man.
"HONGKONG® SHARE QUOTATIONS
STOCK EXCHANGE
SHAREBROKERS' AB8OCIATION
WED.. 8. MAY.
Boyert
*$lers
Nomin Hairs
Auyer
Beilets Bales Jominal
Banks
$1485
$1480 00...
B.K. Banks
81400
2014
Do. (Cal. Mog.) ...
E91
Do. (Lon. leg.) ...
£91
Est
Chartered Backs
£91
231
Marcantile · Bba: “A%
睡
£31
£126
874
50 ct
8185
$175
$117
#$476
$171
$485
8175
311
$21
$80
70/0
Bhelle
84.20
2193 Mercantils Bks, "0
$76
Bank of Bart Aala ......
N. C. & 8. Baskı
Insurances
$230 Cantos Insuran
Union IsoPLACES
86 cta. Underwriters
$120 Dougl
Shipping
Steamboats
8100 Indo-China
Indo-China (Del.}---
$6.90 Waterbosta.
Docks.-Wharves,
Godowns, etc.
$100 HK. & K. Wharves
Providente
Provideate (new) .... H.K. Docks C. RTS... 819 H.K. Docks X. Rta.... 8%.70
do Btw.
872 Bhanghai Dooks #
20/4 Kailans
Mining.
$9.65 Baubu namumunua Venezuela Gold d
6 cta, Hong Kong Mor
Lands, Hotels and
Building
84.. Hotels
$36 H.K. Lads...B. $10 Do. 4% Deberes
Shanghai Lande #1.
$440 H.K. Benitive
Humphrey typica
$8
$17.40
$17 40
T:
$10.10
$16
879 Ewo. (8.)
***
*
$4.16
$10.10
*
84.15
$220
30 ctx
SOONG SISTERS' K. P. CHEN WORK EXTOLLED POSTPONES is prohibited, and private storage NEW YORK, Havas by Airmall) RETURN TRIP
Hoarding of rice by the people
of rice in excess of the officially-The New York Daily News
fixed maximum may be requisi- | published a recent editorial ex- Mr. K. P. Chen, who was ap tioned by the authorities against tolling the work accomplished and pointed by the National Govern- the payment of a fixed price.... being accomplished by Mesdames ment to the United States to Chiang Kai-shek, H.H. Küng and maintain close contact with the Sun Yat Sen, referring particularly financial authorities in Washing- NEW RESTRICTIONS
to their short wave broadcast. to ton, has postponed his return trip ON DEPOSITS the United States.
and will probably not arrive back The New York Dally News. in Hongkong before the first of CHUNGKING, May 8 (Central). In identical telegrams to the heading the editorial "A Broadcast next mouth Shanghai Municipal Chamber of
from Chungking." starts off by Mr. Chen. it will be remembered, Commerce, the Chinese Bankers saying that "the significance of was reported to have called on Mr. Associatiop and the Chinese China's struggle against the in- H. Morgenthau in Washington to Money Dealers' Association the vading Japanese was outlined by bid the American Secretary of Ministry of Finance has categoria trio who are without doubt the State for Finance farewell, and cally denied rumours current in most remarkable three sisters in booked his return passage home. Shanghai that the National Gov-politics today.
ernment will 'Impose new restric- tions on the withdrawal of bank deposits.
Such rumours are believed to bave been circulated by specula- tors and traitors who attempted to take advantage of the present $120 seasonal slump of the Chinese dol- Har to create greater disturbance 8100 in the financial market. 8120 70/0
80.83
MERCANTILE BANK
The annual general meeting or 800 the Mercantile Bank of India, ∙Ltd. was held at Winchester. House, old Broad Street, London. 8211
on April 2, when it was stated $19,30 $6.80 that the Directors had added 813 £13,000 to the Officers' Pension Fund, written £25,000 of Freehold 21/0 Eanking Premises, and made an additional allocation of £30,000 to Contingencies Account. They recommended a Final Dividend on the "A" "B" and "C" Shares of 6 per cent., less Income Tax (mak- 8364 ing 12 per cent. for the year), leaving a balance of £179.638 148. .94, to be carried forward,
$100
4:40
$77
28
$103 Chinese Estates
Colton Milis
$230 18'hal Cotions (8.)
Zoong Sings (8.)°
Wing On Textilno (8.)
$120
Public Utilities
Trateways
$17.35
$17.40
'ses
idiar Farina
$811
385
88 Trima (old) ...
$4 Pask Trame {new) ***
$82.85 'mati Farrios
Do. (DOW)
1.$7.00 Chin
84 00 ChLights (0)
(New)
Chios Lights Rie.
$81
The following Directors were re- elected: Bir Charles A." Innes. and Mr. P. R. Chalmers.
$250 HONGKONG MINES
The Hongkong Mines. Limited inform us that their output dur-. Ing April amounted to 4786 short dry tons of ore treated, from which 542.26 dry tons of Lead Concen- trates were produced, averaging as $22.85 follows:~~
$7.80 $4.80
H.K. Electric
$64)
821.10 Macao Electrics ...ata
811
Sandakan Tảgkin
228 Telephone (old) .........
$28
Teisphones (new)
Tractions
$10.10 21/0
Tractions | (prof.)
Industrials
814.90 Cald., Macg. (Ord.) 8.
Caldr, Macg. (Frof.) 8.
#5.55 Bopponent,
Miscellaneous
Dairy Farm.
Dairy Farm
Ch. E'tinmenska
Constructions
#1
812
81 Canton low kersiesza
#17
Camente
$162
851
822
#214 | #917 | #21)
#71
$7.20
$12
(old)
$1.85
81 | Constructione
18
Lace Crawforda
th
$8
$2.30
Nagyang Tobaco e {Binderya ....
$31
$2.35
89.15 Walnoos
$8.90) $9.10
*
102
62. Ch. G.5% 19360 BBds $103 B.K. Gort, 4% Loman 107 II.K. Gork. 3% Loan $39 HK. Wing. On
139
[N'hal Wing On an
$14
Vibro Piling anim
13/0
Marsmans Inv. (Lon)
4/0
Maratuana Inv. (H.K.)
81.30
Win, Powalla
Lead, 66.57 per cent.
Silver, 14.25 oz. per short ton. Gold, 0.03 oz. per short ton.
H.K. STOCK EXCHANGE
Another quiet Morning.
BUYERS
Union Ins, $475.
HK. Fire Ins, $171.
Trams, $17.40,
Sinceres, $2.30.
Wm Powell, $1Ł.
Entertainments, $7.
KELLERS
Union Ins, $485. H.K. Fire Ina, $175, Electrics, $644. Dairy Farms, $22.
SALES
HK. Banks, $1490. Docks Rts, $63.
Realtics, $41.
Star Ferries, $85,
Trams "$171.
到
Telephones (Old), $28,
Telephone (New), 10.20.
"Daily Farms, $214.
**The
picture these
women should stop encouraging aggrės- painted," the editorial continues, ston by permitting gasoline, oli' each taking a different, slant at and other war materials to be sent it, went to confirm the stories the to Japan.' - That
means thal world has been getting for some the time is ripe for us to clap an time now."
embargo in United States ship-
-
THURSDAY, MAY 9, 1940. —PAGE 9
COURVOISIER
THE BRANDY OF NAPOLEON Fournisseur breveté de 3 M. l'Empereurs
SOURVOISIER
COGNACS ET FINES CHAMPAGNÉS
リ
DODWELL & CO., LTD.
KIRIN
The
B
E
E
Choice of R
The Multitude
Sole Agents.—
H. HONDA & CO.
Tel. 20790,
THE STOCK EXCHANGE
40, Johnston Road, Hong Kong.
LONDON METALS
EXCHANGE
London, May 7 (Reuter).
TIN
After quoting extensively fromments of war materials to Japan, the broadcast by the three dis- "By so doing. we can in all Hinguished sisters, the editorialist probability give the Japanese concludes that "this impressive military caste its last fatal push broadcast by the three sisters of into the disaster that will force it) the great Chinese family of Soung back to Japan in disgrace, it should bring home to Americans, not off the backs of the Japanese we believe, the fact that we have people. Thereby
LONDON, May 8 (Reuter)-In we can save the Stock Exchange gilt edged the opportunity of a national ourselves endless and ever more securities was the day's brightest lifetime in the extremity to which serious trouble with Japan. Let's feature. Continued good invest- the Chinese have led and prodded act now." Japan's military caste.
ment buying, with a shortage of The editorial concludes with a available stock was responsible Standard, Cash 255 "Mme Chiang expressed it as repetition of the Daily Nevis oft- for the further substantial gains. Standard, well as we can imagine its being ex- expressed admonition: "Let the In other sections the price move- pressed; when she said our Con- United States build two ships and ments were mostly narrowly irre- Standard, gressmen 'should stop expressing two planes for every horror at aggression, or they bullds."
one Japan gular and Wall Street, was slug- Set'ment Price 255-1/4
gish.
Straits............ 275-1/2′′to 280-1/2
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·SHAREBROKERS'
ASSOCIATION
Volume Of Business-Transacted on Wednesday, May 8, 1940
H.K. Docks Rights
H.K. Electrics
H.K. Tramways Star Ferries Dairy Farmā
87 $ 6.50 ,700 6.50
70
6.40
100
83.50
500 17.45 *400 65.00 150 21:50 350
21.50
+2,357-
**Sale on Tuesday, May 7.
The total value is $57,388.50
Govt. Loans. 34%
•Hongkong Daily Press CLASSIFIED ADVERTISEMENTS
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