HONGKONG DAILY PRESS
NEW "ADVERTISEMENTS
The list will be opened on the 19th June, 1940, and will be closed on or before the 20th June, 1940.
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HONG KONG GOVERNMENT 34% DOLLAR LOAN.
Issue Of $11,790,000 -
of which $5.790,000 has already been placed in the terms of this Prospectus and the remaining $6,000,000 is now offered for subscription. Interest Coupons payable 15th January and 15th July. Authorised by Ordinance No. 11 of 1934.
PRICE OF ISSUE.-$95 PER CENT.
Payable as follows:
On application .....
On 10th July, 1940
$25 per cent. $70 per cent.
$95 per cent.
The Hong Kong and Shanghai Banking Corporation and the Chartered Bank of India, Australia & China, on behalf of the Government of Hong Kong invite applications for $6,000,000 as above in hearer bonds of $1,000, $5,000 and $10,000. Applica. tions must be for even thousands...
The Loan is secured on the general revenues and assets of Hong Kong and the principal will be repaid by annual draw. ings at par on the 15th day of July in each of the twenty five years commencing in 1941 at the annual rate of one twenty. fifth of the issue which will therefore, be-finally paid off by 1965. Repayment will be made at the Head Office of the Hong Kong and Shanghai Banking Corporation, Hong Kong, or at the Hong Kong Office of the Chartered Bank of India, Australia and China, on the bonds so drawn being surrendered, interest ceasing on such bonds each 15th July.
Interest will be payable half yearly on the 15th January and 15th July on the surrender of the coupons at the above Offices.
Applications, which must be accompanied by a deposit of $25 per cent., will be received at the Office of either of the two Banks above mentioned. In the case of partial allotment the balance of the amount paid on application will be applied towards payment of the balance due. If there should be a sur plus after making that payment such surplus will be refunded by cheque. If no allotment is made the full amount paid on application will be refunded.
Interest at 4% per annum will be charged on any balance outstanding after" 10th July, 1940, and non-payment of the balance by that date may render the deposit previously paid liable to forfelture and the allotment cancelled.
At a later date allottees will receive bonds with interest. coupons attached for the amounts so, allotted in exchange for the receipted application and allotment letters.
The proceeds of this issue will be utilised to repay to the Treasury certain moneys advanced from the surplus balances of the Colony for the carrying out of various public works.
The public debt of the Colony to-day amounts to $4,838,- 000 in 4% bonds (Redemption Loan 1933)" repayable" at par in 1953 and $11,200,000 in 3% bonds (31% Dollar Loan 1934) repayable at par by annual drawings, the last of which is due to be made in 1959.
The following Egures show the Revenue and Expenditure of the Colony for the years 1935 to 1939.
Year
Excess of
Assets over
Revenue Expenditure Liabilities on
31st December
1035
$28,430,549 $28,291,636
$12,387,668
1936
30,042,983 29,513,520
1937
33,196,368 32,111,222
12,917,132 14,002,278
1938
1939
36,735,854 37,175,897 13,562,234 41,478,052
37,949,116 17,091,170
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Prospectuses and Application Forms may be obtained from the Head Ofice of the Hong Kong and Shanghat Banking Cor. poration, Hong Kong, and from the Office of the Chartered Bank of India, Australia and China, Hong Kong, and also from Treasury, Hong Kong.
MUSSOLINI'S
THE TREASURY,
Hong Kong.
12th June, 1940.
348
DECISION
Continued from Page 6
CABLE
ITALY HAS MUCH TO
TO SUFFER
British Press Comment On
Fascist Perfidy
LONDON, June 11 (Reuter)—THE TIMÊS, in a leader hended *Perfidious Italy” saya," "Having waited untli France was reeling "under the blows of her Northern invader, Italy has struck her from behind-the Italian assault is as unashamed as 'any national crime
history records."
THE TIMES makes it clear that by saying. “Mussolini has added to France was ready to discuss any our task but he has given us op- reasonable claims that Mussolini portunities of value. Italy has had signed the Treaty with much to suffer before she is de- Britain, settling every major ques-vered from Mussolini and Hitler tion outstanding from recent but as many of her people feel at years and that, at the beginning this hour, the only hope for her of this war, Mussolini had an- future is in victory. for the Allies." nounced that he would take no
The News-Chronicle writes: military initiative,
"Above and beyond our sympathy In International affairs there for France a sympathy which can be no greater perddy than to now more than ever must receive sign treaty with a nation you practical expression to the very intend to despol-and this is not limit of our means there will un- the first treaty that Mussolini has doubtedly be a feeling of relief in broken and his word of honour Britain. Now, at least we know to Turkey, Greece, and Yugoslavia the worst. There is a big account outstanding for Duce and that account now falls due for settle- ment."
is worth "no more now than Hitler's.
The paper argues further that though he may have" had no de- liberate intention of violating the Treaty at that time, he has been tempted by His rival country's temporary weakness, and says, "He thinks he sees a chance of mortally stabbing, the country, whom his confederate is mauling further
NEUTRALITY LAW TO ITALY
11
WASHINGTON, June (Reuter)--Immediately follow- ing his speech Presiednt Roose- velt signed measures applying the neutrality law to Italy which means Italy will have to pay cash for purchases made in America while по contribu- tions towards the Italian war effort will be made in the United States.
LI
After The Real Nazi
Style
#
ITALY SCUTTLES CARGO SHIPS
MADRID, June 11 (Reater)---A 6,000-ton Italian cargo steamer, the statement to Mussolin! says. "So in Algeciras Bay when the men The Dally Herald, in a personal Cealina, was scuttled by her crew you have plucked up your courage heard Signor Mussolini, make his at last."
radio speech last night.
The Dally Express says. "Mussolini can do the Allied cause no more harm by fight- ing than he has done by treachery to every good and pure and noble ident that came out of Latin civilisa- tlon."
A Italian ship, whose name was given as Numbolla; was also scut- tled af Gibraltar, No ship named Numbolia is given m Lloyds Regis- ter but a 5,000-ton Trieste steam- er, Numibia is menu,
ATTEMPT FRUSTRATED LONDON, June 11 (Reuter-The
north, and he believes that he can snatch slices of the British Empire whilst it also, like France, la engaged in a fight for Mic. Berded wolves, bold only to pursue: obscene ravens, clama- raus for the dead; vultures to the
The Daily Mall. a leader, crew of the Italian stenine, Ca- conqueror's banner true no "Enemy Number Two." after de- ponoli, 3,921 tons, which salled doubt they think they see their crying the dishonourable nature from Montreal yesterday, tried to chance of booty.
of Mussolini's action, says, "For evadit capture in the 35, Lawrence But France is not dead and Nazi Germany is not
years Mussolini has coveted River os setting the ship aftre. the conqueror."
French possessions. But he has The atmpt was transrated by required a baleful of Influence Canadian minesweeper which The Times concludes that the from Germany and the knowledge overtook and captured the Italian two challenged democracies will that he would not have to face the vessel 180 miles east of Quebec, fight back and points out that Allies alone to bring his courage according to an announcemeat by the Ministry of National Defence,
the resources of the British Em- pire are yet scarcely tapped, and that there are other nations who' care, and may take a hand.
رو
'CALM PARIS
Commenting on the calm feeling of Paris, "a city at the front," the Times says that when a week ago the German air force heavily. attacked the city and caused several hundred casualties, the only effect was to inspire the po-
pulation with a cold reasoned
anger and with the determination to stand the worst that the enemy can do, without flinching."
to sticking point."
Depletion Of Potential Reserves Of Man Power In Colonies Contrary
To The Public Interest
:
In a telegram to His Excellency the Officer Adminis- tering the Government, dated June 10, the Secretary of State for the Colonies explains that he has reviewed the question of Colonial Service personnel and of man power generally in consultation with the" service and other de- partments concerned. His object had been to see whether any further help could be given by the Colonies.
In the last war there was a say. ing: "provided the civil population, remain staunch"; but in this war the thought that the elvillan morale could crack does not enter one's mind. The paper says that "such
a spirit calls us, as the
The telegram continues: "The conclusion reached is Prime Minister Intimated in his that in general there is at present no difficulty in obtain-" letter to M. Reynaud, the Frenching in this country all the men that can be equipped and
absorbed in the fighting services.
of man
"
Premier, to put every avollable ounce of· our own strength fato the battle and steel ourselves to
"In these circumstances it would so many men who are called upon show the same unbreakable en- be contrary to public interest to to remain in their civil posts for durance when the enemy attempts reduce efficiency of Colonial Ser- a more active share in the war to inflict the same trial on us." vice, or to deplete. potential re-commands my fullest appreciation
The Dally Telegraph goes on to serves
power in the and sympathy but I appeal to them point out that "Mussolini himself. Colonies, by releasing men for the to carry on in the assurance that if things were to fall out as he armed forces in this country. If they are serving where they are are exceptional cases, in most needed and that, if the oc- hopes, would only gain the pri- there vilege of being eaten last. His
which men are required for a par- casion arises, they will be called must be the most futile self- ticular kind of service here, I will upon for other duties. deception of cunning which poli- advise you... tics ever knew if he belleves that Italy would long survive with Nazi Germany triumphant."
MUCH TO SUFFER The Daily Telegraph concludes
||
"It is emphasised that the first duty of men who can be spared from their civil occupations in the Colonies is to serve with such local forces as there exist. AI- though these local forces may have little chance at present of active. service they fuifl essential pur- poses:-
those who worship at the.
(a) defence, including discour- shrine of brute conquest.agement to potential ralders, Already in the United States,
(b) internal security, and where the demand that
(c) training and provision of re- America should take full inforcements when required. stock of the position not only TROPICAL CLIMATES in her own interests, but in
"We must not overlook the pos- the interests of Hberty and sibilty of operations having to be freedom for which that great tropical climates and,
undertaken in tropical or semi- country stands, is swelling to event, there would be an urgent fra that huge proportions. President
need for personnel accustomed: to Roosevelt himself announced, such climates and with Colonial shortly after the Italian deci- experience. In the meantime, by sion became known to the remaining in the Colonies, they world, that he was determin- can
which was
across
"Several civil officers од leave (especially medical ofi- cers) are applying for per- mission to join the armed forces in this country and, in" view of the above, I propose. in the absence of exceptional circumstances, to answer with- oat reference to Colonial Gov- ernments that their duty is to return to the Colonies."
THREAT BY ITALY
SHE KNOWS IT WILL BE HARD BATTLE
ing to
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German Drive Slackened In Champagne Area
PARIS, June 11 (Reuter)-Today's French communique shows that the German drive In Champagne, which was an attempt to outflank the Maginot Line and take it from the rexy, bas
slackened, sald an official Military spokesman.
On the other wing of a German offensive, all German at- tempty to advance over the river on the lower Seine have been held:
In the centre the wording indicates another strategie re treat by which the French occupied new positions which have not yet been challenged. -
#
Publie opinion in France has been greatly heartened by Mr. Winston Churchill's message to M. Reynand saying that tresh British troops had landed, and mors were on the way.
ITALY WILL SUFFER
Continned from Page 1
MUSSOLINI'S.
BLUNDER"
"We are told that our soldiers, Continusa from Fase 1 our sailors and our airmen are Italy until the latter came into the better than theirs, man for man. war. we know that our ships, our tanks and our planes are
BOTH LUNGS" CLOSKI theirs and we are resolved that and has now closed the other..
superior to
Germany has already closed ahe every available pan and every Italy economically can hardly bo available weapon shall go from considered an asset to Germany. Britain to France. The advantage Her coal supplies must now all which the Germans held in air come from Germany, her oil from craft and tanks has been much Rumania, cotton from America. reduced in the last four weeks. Italy has stocks of all these "bot "We have thousands of almen this fact makes it obvious that the waiting for machines and Presí-Fascist powers are absolutely de- dent Roosevelt has placed all his pendent on winning the war in the material
otr resources at
dis- next few months for they know posal. We are fighting for the if they do not they cannot win at rule of international law-for all. freedom: democracy and social
There are about 200,boe Justice.
white troops in Libya but there "With such a cause, with such
is already a water shortage. resources and with such potential there and these troops, imless
they power, defeat does not exist for
are maintained from us, Elgnor Mussolini' has signed a
Italy, and unless communica- death warrant not for the demo- tions are kept open, murt die. cracies of France and Britain, but
Similarly, there are 50,000 to for himself and bis hapless people 80,000 white troops in Abyssinia, whose fate he has sealed, for free-When they have eaten what "is dom, democracy and peace shall there they too must die, rise again."
King Victor Emmanuel
Authoritative circles- state that there is no doubt that the Abys- sinians will assist the Italians" to come to this end...
Italy, therefore, is strategically very vulnérable and is likely to.. suffer heavily for the benefit of her. masters.
keeping aloof from the con- task before them has un- flict. Similar steps taken by doubtedly grown more for- the President of the United midable and the fight will be
ROME, June 11 (Reuter)---Re- make a considerable-con- ferring to Mussolin!'s solemn warni- States proved equally futtle long and hard, but when ed to place all the resources tribution to the common effort. in making Il Duce count the dauntless spirit, unflinching of the country at the disposal!
"So far as is possible, therefore, Greece. Turkey and Egypt that Switzerland, Yugoslavia, cost of any hasty action and courage and resolute deter of the Allies to stem the tide and subject to important con Italy has no wish to drag other today Italy stands condemned mination stand together, the of barbarism
siderations, mentioned in my tele
ROME, June 11 (Renter}-The with Germany by the rest of forces of right must eventual- sweeping
gram under reference, I consider peoples into the conflict, the news-
Assuming that Germany can win the world:
ly prevail. The Italian deci- Other countries, whose poli- should be maintained and that the will see whether these powers are
Europe. that all essential public services paper, Messagero remarks: Italy radio here announces that King the war-which is not admited for Victor Emmanuel, who is now in a moment by the Allies all that THE ALLIES, to
whom sion will cause reactions in cles have been based for years capacity of the Colonies to support wiser than Poland, Norway, Nether the Italian "war zone," has ad- would happen from the Italian Signor Mussolini's decision many parts of the world and on similar democratic prin- and defend themselves, as well as lands and Belgium."
dressed a proclamation to the point of view is that she would has certainly not come as a it is safe to state that most ciples, will not be slow to to produce raw material of im- This is in the nature of a threat forces.
keep her empire until Hitler want- surprise, are by no means of these will only show follow this lead and, in the portanes to the war effort, should and is the same procedure adopted "Boldiers of the land, sea and cd it with the Germans at Trieste. perturbed by the fact that greater opposition to
If they do not win the war in the end, both Germany and Italy, not be leopardised by diversion of by Germany before she invaded air and the chiefs of all armed Herr Hitler has now secured Totalitarian principles and and any other nation whom personnel, whether oficial or un-those countries.
forces, following my own feelings, the next few months, Italy's post- an ally to help him in his stronger sympathy for the they are able to inveigle into official.
The newspaper says that Italy as well as the tradition of my tion may well be imagined: nefarious plan to destroy the Allles, in the earnest effort Joining them, will find that
FULLEST SYMPATHY knows well that victory will not be House, I come among you as I did |-- rights of humanity and the, they are making to free the odds
"In each case, the decision as achieved easily or without grave 25 years ago..
of Germany we shall be victorions. are definitely to where a man should serve, must sacrifices. Itallan intervention "I appoint Benito Mussolini the Soldiers of the land, sea and air liberty and independence of civilisation from the curse against them and their reign be determined by public interest comes at a moment when the recommander-in-chief of all the united with you, as evey before: 1 the peoples of Europe and and terrors of the lust for of terror overthrown and and not by preference of the insult of the conflict is still uncer-armed forces of Italy.". the rest of the world. The power and more power by crushed.
dividual concerned; the desire of tafn.
am sure that your valour and the.
"My first thought is for our in-patriotism of the Italian people mortal country and with the help will bring us victory once more"