HONGKONG DAILY PRESS
LORD HALIFAX TO TAKE Mr. Churchill
OVER PREMIERSHIP?
Cabinet Reconstruction Is
Inevitable Result
As Premier?
ናኑ
LL GEORGE ALSO A POSSIBILITY LONDON, May 10 (Reuter) Reuter'a Parliamentary corres- pondent learns that yesterday's developments, accelerated by Wednesday's speeches in Com- mons. are considered to make the departure of Mr. Chamberlain almost certain. The most likely naturally drst consult his friends names from which is new Pri-
were and will then, presumably, re-mier will be selected
to be:
LONDON, May 10 (Reuter)-One thing is certain as a result of the Debate in Commons-there is bound to be some recon- struction of the Cabinet with reorganisation of the functions of the members in war time said Mr. Cyril Lakin, assistant editor of the Sunday Times, in a broa deast talk from Daventry yester- day."
No one under-estimates the shock the small majority vote has given the Government. although some newspapers in their analysis of the voting Agures present favourable picture as far as the Government & concerned. than do other papers"
'more
There is no doubt, however, that Parliament, the press and public opinion are at one in desiring a broadening of the basis of "the present Cabinet.
Some papers regret the pressing. for the vote during the Debate but all agree that majority and
minority alike were voting for a more intense war.
PERSONAL ISSUE During the Debate the personall issue of Mr. Neville Chamberlain became stronger, It is early yet to predict what may happen but the main suggestions, and the possi- bilities of these, is that in order to achieve this broadening of the Cabinet, the Prime Minister will
At The Mercy
Of Nature
Some
200 kilometres ป A straight. Ene from the Mediter- ranean, almost bordering on the Sahara, 1les
the district
ΟΙ
A
COA-
Issue his invitation to the Opposi-sidered late last night tion leaders. This was implied in Halifax, Churchill, Lloyd George.
For various reasons. Including his speech on Monday.
the possible complications arising Halifax from the fact that Lord
NOT STRONG ENOUGH Mr. Lakin stressed his belief that if Mr. Chamberlain ands that as a result of his talks, he
cannot get
a sumciently, broad Government, he will be ready to make way for some one else...
The
is a member of Lords, the most likely selection is felt to be Mr. Winston Churchill,
Although the decision
Labour participation is a for Party conference, It
would not lieved that Labour
under Mr. Churchill.
Labour Party is sumciently strong in numbers to form a Parliamentary Government itself so that some coalition
essential,
If Mr. Chamberlain does fail to strengthen
his Cabinet, Lord
about matter is be- serve
BRITISH "SUBS" SUCCESSES
Halifax has been mentioned as LONDON, May 10 Reuter)-An his possible successor despite some Admiralty communique announces strong remarks that there is no that British submarines have had reason for believing that Opposi-further success in their operations tion leaders would not serve against enemy transports and sup- under Mr. Churchill.
and
Cabinet. re-organisations coalition are nothing unusual time of war. We have had plenty of evidence of that in the last War This power of adaption is the essence of democracy waging war, and we can change our leadership without grave anxiety and only gain strength as a con- sequence.
ply ships.
In an attack on a convoy of ten enemy ships, six torpedoes found their mark. Three hits were made on another convoy and two on a third convoy.
One ship sailing independently was torpedoed and sunk..
Another was driven ashore and was destroyed by gunfire and top- pedo.
HONGKONG SHARE QUOTATIONS
R'ou The inhabitants ve en STOCK PRCBANGI
the banks of a torrential stream which "s digging a deep canyon through this desert country. The bottom of the canyon consists of sers of verdant gardens, but the population is very poor: They are of Berber origin and belong to the White Race; they speak the Arab language. Each tribe occupies two villages, one situated at the bottom of the canyon near the gardens, in which, the natives stay. from the end of the summer to the middle of the autumn, and the other perched on the plateau and used as a winter and spring Tesidence:
Buyers Ballers
Bajos
Samian!
$1493 $1500
፧፧፧
3171
$170
The poor conditions of life and I the vicinity of water explain why these nomads suffer severely from malaria. During the low-water period; from June to November. the river constitutes an immense breeding place .01 malaria- mosquitoes; but when a spate comes, everything is swept away. If this occurs sufficiently often. the malaria danger disappears. The R'ouf tribes therefore are at the mercy of natural forces, and alternately experience years of intense malaria and years of al- most complete absence of malaria. "QUININE TREATMENT
. With the financial and material assistance of the Health Organis- ation of the League of Nations and of the Algerian Government, the natives of the villages Frirou, Jnzatene and Radjel Thoull were recently
quinine. treated with These measures were greatly ap- preciated by the natives and the very favourable results spread the fame of quinine through the neigh- bouring desert villages. In con- formity with the recommendations of the Malaria-Commission of the League of Nations the pro- phylactic dose "during the fever season consists of six grainý“ of. quinine per day. For treating an actual attack of malaria a daily dose of quinine is recommended for five to seven days. On page 124 of its report (English edition), this same Malaria Commission stresses the fact that the harmless- ness of quinine makes & suitable drug for administration by subordinate personnel without constant medical supervision whereas such supervision essential in the case of synthetic products.
།
jone Ni!
1:
ko%
509
£9
SHAREBROKIES' ASSOCIATION"
FRIDAY 10. MAY.
Bankc
B.K. Banky
Do. (Col. Rag.)'. ...
Do. Loo. Bog.)
Chartered Banks
far Maronile Eks. "A"
Mercantile Bk. "0"
$485 Union Instrumens
185 cts. Underwriters
一
H.K. Fires
Shipping
$120 Douglas00
Steamboats
FINANCE & GENERAL
H.K. STOCK EXCHANGE
The previous week's efforts were notable for being the poorest re- corded for some while past. The current week has run them pretty close, and has only been saved from surpassing them in paucity thanks to spasmodiö deals H. K. Banks.
BUSINESS DONE DURING THE WEEK.
MONEY AND EXCHANGE
CLOSING QUOTATIONS
MAY 10, 1940. "
On London
Telegraphic Transfer.2 13/18 Bank Bills, on demand 1/1⁄2 13:16 Credits 4 months' sight 1/3 1/8 On Shanghai ja
On demand
On Singapore:—
On demand
H. K. Banks $1500, $1405. 31482), On Japan:
$1480, $1490."
Union Ins., $480.
Docks Cum Rts, $211.
Docks Rts.. $6.70, 561, 38.40, $83, Hotels, $4.35, $4.20
Lands, $361.
Humphreys, $8. Realties, $44:
Chinese Estates. $103);
Trams. $17.40. $17.35, $17,40, $174,
$17.40.
Star Ferries, $65, $69.
China Lights (New), $4.80 $490. Electrics. $844.
Macao Electries, 321.10.
On demand Un dia
C
ני
410
87 1/2
Telegraphic Transfer. and demand.....89 1/4
On New York:-
N
Bank Bills, on demand. 90, 1/2 Credits, 60 days' sight 21 3/8 On Batavia.:-
On demand 38 1/4
Ön Paris:
Bank Bills, on demand 1085 Credits 4 months' sight 1140 On Saigon:-
On demand
108 1/4
On Manila:
On demand
..... 41
Telephones (Old), $28.
Telephones (New), $10,
$9.95.
On Bangkok:-
On demand
IDO
Om Sterling Notes:-
Bank Buying Rate
1/4
Bar Sliver per os.
31
$10, $10.10, $10.25. Cements, $17. - Dairy Farms, $211. Ewo Cottons, S'hai 574.
BUYER.
H. K. Banks, $1490. Docks Cum. Rts. $21 Humphreys. $8. Telephones (Old), $27, Wm. Powell, $1.30- SELLERS
"
Union Ins.. $485. Lands, '$36.
Telephones (Qld), $73. :. Wm. Powell, $273.
SALES
tr
H. K. Banks, $1500. Ruubs. $8.95.
Lands, $381.
Chinese Estates, $104).
Trams, $17.35/40. Star Ferries, $83.
China Lights. (Old). $73,
MANILA, GOLD SHARES Atoks 14s. Antamok 09s, Baguio Buyer Betbra Saloon Gold 1613. Batong Buhay 009s, Big Wedze 16s, Coco Grove 061s, Con, Mines 00158. Demonstration 084b IXL 273, Ipo Gold 073, Itogon 075, Mining 16s. Masbate Con. Mine Operations 005. Paracale Gummaus 150, San Mauricio 558, Surigao Con 15s, Suyoc Con. 10s, United Paracale 18s, Mindanao Motherlode 073..
HONGKONG
SHAREBROKERS
ASSOCIATION
Market Report
FROM ROZA BROS Suver prices rose 1/8 yesterday for both deliveries, the quotations being 21 for Ready and 20.15/16 for Forward. Silver advices re- ported
a's Speculators
having bought. A small business was. dorie. The market was steady. American Silver was quoted at 34. 3/4 for Spot.
SATURDAY, MAY 11, 1940. —PAGE 9
EVERYBODY'S
- Favourite
SCOTCH Wate
BLACK & WHITE
"BLACK&WHITE"
YOUR FIRST SIP TELLS YOU IT'S THE SCOTCH.
WEEKLY RETURNS
AND BANK OF ENGLAND
London May 9 (Reuter).
Public Deposits Other Deposita:
Bankers
REPORTS
May 2
May B
&
10,750
39,140
125,450
108,130
Other Account Total
44,390
14.870
170,340
153,100
Securities
138,980
139,480
Other
New
Discount & Advances
5,330
4,820
Securities
22,580
22,880
Total
28.510
27,400
Notes and Coins
40,310
* 37,480
Total Bullion
1.350
- 1,440
Notes in circulation
541,040
543,950
Ratio of Resares to Lisbulties
21.20%
20.13%
Price of Gold it which holdings are valued
168/
109/-
The London/New York, cross- rate was quoted at 402.1/2. York/London was quoted at 335,
Market
Quiet.
There
Sterling
were sellers at 1/27/8) Cash/November, buyers at 1/2. 29/92 for any delivery.
D. S. Dollars Nothing doing. There were sel- lers at 20.11/16 May, 20.5/8 June and 20,9/18 July, buyers at 20.13/16 Cash 1/2.11/16 June and 1 2:5/8 July.
Shanghai Dollars Opened with sellers at 428 and bustness was done as high as 431. 172.
Towards 1 pm, there were sellers at 428. buyers at 430. `
AC
Shanghai. Market Opened with sellers at 3.15/32 and then eased off to 3.7/16. 1 pm. sellers were reported at 3.7/16 for Spot. US. Dollars open- ed at 4.27/32 for Spot and towards 1 pm, sellers were reported at 4. 13/18 for Spot.
$1488 *£93
£97.
21
£31 £12
$75
Bank of Kari Asia ...
874
N. C. 5. Banki
Insurances
50 ct.
8930 Canton Insuramose
1230
8485 $400
70 cta
$171
"8170
$120
113/
$100
8120
A.S.
300 $-8.95
68/9
$6.00
100
8.90
Quiet.
Cements
500
16.05
China Providents
1,000
800)
84.20
HK. Tramways,
500
250 17.35 29/32 for any delivery. 100 17,35
H.K. Lardy
100
巴
$73
Star Ferries
200
3,050
20/41
89.65 $10.
$100 Indo-China
$80
68/0
(Prod.)
Indo-Chinas (Del.)...
Bhelia
$3.90 Waterbqata
Docks, Wharves, Godowns, etc.
$100 H.K. & K."Wharvo
$4
$4.20
821
$19
£9.70
!!
!!!
$37
$21
Providente Providente (na) | H.K. Docks C. RTS H.K. Docks X. Rta... $19
do Rts. $70 Shanghai Dooks ....
Mining
20/44 Kaftans
Raabe US IN A Venerusia Gold Fide
6 cts. Hong Kong Minas
Lands, Hotels and Buildings
84.35/4/20.. H.K. Hotels nost
H.K. Lands .....................Ɛ
siro Ds. 4% Debentures
918
Shanghai Lands B
4.
H.K. Baltice
$B
Hamphreys ******
$103
Chinese Betalen
፧፧፧
$17.40
$84
#64)
$28 10.20
--
20
***
mati Forrio
Do. (new)
Cotton Mills
877 Ewo (18.)
8230 B'hai Cottons. (8.)--
$22.85
Zoong Binge (15.) ....
Wing On Textil (8.) Public Cultiem
Tramwaya' ..
Punk Trama (old) Pack Trama (new) ---
Bar Ferries
$7.90 Chins Light (0)
#4 90 China
Lights (New)
China Ligbie Rte.
H.K. Black ........
821.10 Macao Mecheios. Tai
811 Sandakan Lágbig tee
Telephones (ok) ......
Tractices
Tractions (prst.).
Industriais
$14.90 Cald; sog. (Ord.) 8.
Telephones (DEN).....
14
:::
Volume Of Business Transacted. on Friday, May 10, 1940.
Watsons
The total value is $47,247,50.
AFTERNOON MARKET
Market
Sterling
ד
FEDERAL RESERVE SYSTEM
New York, May 9 (Reuter).
Hills Bought
U.S. Becurities held Federal Reserve Ratio
Federal Berve Credit Outstanding Monetary Gold Stock Industrial Advance
Shanghai Dollars Sellers at 426 at the close.
Shanghal Market Sellers at 3.15/32 for Spot.
Shanghai, May 10 (Reuter).
Opening Spot 0/3-7/16 May. 0/2-3/8
Spot
Sellers
Closing 0/3-15/32
0/3-25/64
U.S. Dollars
$4-25/32
$4-21/32
May 4 (1939) May 2
May 9
'(000's omitted)
1,000
2,584,000 2,487,000 2,467,000
85.26%. 2,572,000 2,500,000
88.17%
88.17% 1,607,000
18,635,000 9,295,000
15.301,000 18,771,000 12,811,000
9,333.000
SILVER MARKET
Silver:
LONDON SILVER London, May 9 (Router).
Speculators bought
small. scarce. Business Market steady. In the afternoon. the market was quietly steady.
Spot, 21d.
Offers
Forward, 20-15/18,
BOMBAY SILVER
Bombay, May 9 (Reuter).
Market.-Quiet. Oftake, 50 bars.
Indian Mint Silver
*4-17/32
Dollars
Ready
June 3 Settlement
July 2 Settlement
60-01
60-02
60-06
4.20 There were sellers at 1/27/8 17.40 | May/November. buyers... at 1/2.
U. S. Dollars
38.25 Business was done early in the 63.00 afternoon at 20.11/16 for Cash but subsequently the market collapsed and towards the close the rate was nominal at 20.1/8.
May.... 4-21/32
Sterling steady.
quiet...
U.S.
Merchant Rates Sterling 0/3-5/32,
US. Dollars, $4-1/2.
Calcutta Exchange
Calcutta, May 9 '(Reuter). TT. on Japan, 94-3/4.
India Rupee Paper
Bombay, May 9 (Reuter). Government 34% Rupee, 94-10-0 nominal.
14.15
$384
#100
SHOE CO.LTD
*
-84.40
28
$7,90
፧፧
$81 8250
$120
$17.30 #17817.40|745
$8
મ
$64
***
$22.85
$7.60
$7:80
$4.50 $4.80
383
228
$10.50
22/0
:
is
12
Cald., Macg. (Prof.), B.
$1
Canton Ioes comenteng,
$17 Caments
$16
€5.55 Bopes
#54
Miscellaneou
$214
Living "conditions of the R'ou will undoubtedly greatly improve as soon as malaria will be com- pletely eradicated from the canyon and their life and health, thanks to quinine will no longer be at the mercy of malaria mosquitoes.
PARIS, May 10 (Reuter)-The work of deepening and strengthen- ing the Maginot Line has been "continued uninterrupted since the war broke out. To date French engineers have built 1,200 extra reinforced concrete blockhouses and used nearly 1,000,000 tons of materials.
$7.30
81,30
#214 Dairy Farm
18) Lane Crawford......
13.
$2.35
€9.10
HONGKONG SUPPLIES ALL
KINDS. OF
FOOTWEAR
Hongkong Daily Press CLASSIFIED
• ADVERTISEMENTS
MARBLE HALL
(and Annexe Private Hotel). 34. Granville and 103, Austin Roads, Kowloon, tennis courts. Beautiful garden, Rooms and suites, with private bathrooms. All modern conveniences." Apply proprietress, 103, Austin Road. Phone 50233 and 34, Granville Road. Phone 59433.
BUTTERICK
Expert Ladies' Tallor New Style Ready Made Dresses FOR SALE. 16. Wyndham Street,
INSURANCESTM
AUCTIONEERS
GREATEST COLLLUTION OF BARGAINS IN TOWN! 20
LASERTS MUHON ROOM Tel. 23615. Lanneri, Brodiet.
2. Comstal
The National Mutual Life Association of • Australasia offers you the best conditions for a fund for old age, and your family in case of your" death. Annuities and educational policies are nino lauad, Insure now. Omae :-6,
Des Voeux Bd. Central (5th Boor Boom No. 68), Bank of Canton Build- $1.85 ing, Hongkong.
"Hesident_Secretary,
HL, R, WELLS."
Neutral reports state that the Germans in "Slovakia' are, very 102, active, carrying out extensive 9612 studies of reads and rahways. The German' military miaston in Bratislava actively organising
the Slovak atmy. All these move- ments, It, la stated, are reminiscent of the German activity prior to the march into Poland(Havás),
Bad Austral. Teleninae Nu 20224.
Just Received
Fresh supply of the best varieties of
Reliable and Tested
Flower and Vegetable
Seeds
from
Sutton & Sons Ltd.. Reading.. now obtainable at GRACA & CO., Dealers in Garden Seeds, Postage Stamps, &c. &c.
No. 10. Wyndham Street. Established 1896. Hong Kong
YOU CAN NOW EAT:-
HOTELS
RUSSIAN FOOD COOKED IN THE
RUSSIAN WAY TABLE D'HOTE $1.00 ALSO A LA CARTE AT THE
METROPOLE HOTEL
1940 ZENITH
NEW MODELS. Just arrived NO AERIAL, NO GROUND, Just plug in and play CHUEN YEE HONG
54 Des Voeux. Road C.
Jimmy's
TEA DANCE
DAILY
5 TO 7.30 PM. MUSIC BY THE METROPOLE SWING BAND
Telephone, 24311.
ENGRAVERS
FEI FEI & CO. Photo Engravera 18, Cochrane Street, Telephone No. 22224,
+2
Dairy Farma
[Ch. B'tainment an
$7.20
Constructions
Douairpatione
Nanyang Toba
$2.60 Binoer, k
$9.15 Watsons
59
$103 H.E. GOTE, 4% Los
#07 H., Gork, 349, Lamp
$39 H.E. Wing On man
Nhat Print On
$24
霉素
Ch. G.6% 1936G 9Bds,
Vibro Piling
13/0 ·| Marginans Iriv. (Lon.)
4/0 Marginana lav. (HE)
Wm. Powelle [#Balma ́ ́o] Shanghal
Tel. No. 77478.