HONGKONG DAILY PRESS
LAMMERTS' AUCTIONS
FINANCE & GENERAL
Finance and Commerce
PUBLIC AUCTION. ECONOMIC POSITION OF Work At War
HE Undersigned have received instructions from The Liquida-
THE
tors of
MESSRS. SCHMIDT & CO. (In 'liquidation)
to sell by
PUBLIC AUCTION
on Saturday, the 15th June, 1940
eommencing at 10 am..
at their Sales Room, No. 2, Con- naught Road, Central. Room No. 205, Second Floor:
A QUANTIFY OF SCIENTIFIC AND SURGICAL INSTRUMENTS AND GLASSWARE
Comprising Colorimeters, Syringes, Forcelain Dishes, Sand Clocks. Sets of Weights, Mincing Machine, Barthel Burners, Baby Scales. Erlenmeyer and Separating Flasks, Western Exposure Meter. Water Distilling Flasks, etc.
1 Field Telescopic Sight
2 Arc Lamps with Resistances.
1 G. E. C. Soil Testing Apparatus
1 Pneumothorax Apparatus
ITALY: SOME FACTS
LONDON, June 13 (Router)-The fallowing are some facts, from an authoritative source, concerning the economio, position of Italy.
Firstly, 75 per cent. of Italy's whole import trades are carried by sea, of which 55 per cent, enters the Mediterranean, Gibralta and six per cent, via the Suez;
Speed Until War Is Won
OFFICIAL RATE FOR STERLING
14
NEW YORK, June 13 (Renter)—-~- The Bank of England has request- ed the co-operation of American banks in establishing an official | rate for Sterling in order to dan the free market within 'three LONDON, June 13 (Beater) weeks. The Supply Minister, Mr. Herbert
Meanwhile. banking quarters Morrison, in a broadcast, said that predicted that New York banks. Secondly, the Italian self-suf-creasing Kability to Germany as a millions of men and women in will accept the proposals but how- fletency is far below Germany's competitor for the same available Britain are working harder than ever. they will seek beforehand and. whille possibly Able to resources, including Germany's own they have ever worked in their further information and detalis feed herself for one year, she is stocks, Moreover, the considerable ves before.
on the operation of the new gravely deficient in the essential gap of blockade hitherto constitut- But the men and women stuna- aystem. of raw materials such as. iron, coal, ed by Italy in acting as a channeling at bencnes and lathes are not coke, petroleum, timber, copper, tin for Germany's import and export tired, over-driven galley slaves but and rubber:
trade with the outside world eager defenders of their own de- Thirdly, even supposing the Al-closed, and Italy has no export mccratic treedom. Lies are forced to abandon the surplus for Germany except, pos- Mediterranean. Italy and Germany sibly, fruit and vegetables. would find themselves dangerously short of nickel, tin. molybdenum. cobalt, tungsten. copper, rubber, and textiles of colonial produce.
MORE SERIOUS
The Foreign Exchange Com- mittee is reported to be preparing such an inquiry to be presented to the Bank of England,
LONDON STOCK ́ EXCHANGE
LONDON, June 13 (Reuter)-
Mr. Morrison continued: "They There will thus be a substantial cannot, of course, make up in a loss in their combined economic few short weeks the gap caused potentiality and as soon as Italy by Germany long lead over us
stocks, her in war preparation, aggravated The Stock Exchange was generally has consumed her strategic raw materials will be the losses in Flanders The task cheerful with prices of most of is harder and longer than that but the leading groups tending to rise we can take courage from -the
despite the small volume of trad- in spirit in which it is being tackled." Ing
„Mr. Morrison concluded with the exhortation to work at war speed unsif the war is won,
finished for good.
MANUFACTURE
OF AMMONIA
Fourthly, with the Allies in con- trol of the Mediterranean, Italy's) position is even more serious. The only external supplies - available would be from exportable surplus in the domestic produce of central
WASHINGTON, June 13 (Reuter) Europe. the Balkans, Russia, Bwit- zerland and Scandinavia, in all of-The War Department is turning which she must compete with Ger-over to private industry its reserve for materials and machinery for the manufacture of many, both transportation (for example, in. powder, small arms. animunition sufficiency of tank waggons to carry and ammonia. petroleum both to Italy and Ger many), and the Italian forces in
1 Asbestos Covered Hot Air Sterill-East Africa, moreover, would have
zer ན་
3 August Sauter 'Balances
1 Copper Water Bath (Electrical-
ly-heated)
י
1 Remote Release and Winder for
Leica Cameras
1 BAKER Microscope and Acces-
sories
The President's Secretary, Mr, Stephen Early, also stated that the War Department is making excel- to subsist in the already accum-lent progress in the survey of materials and supplies that may dilated 'stocks;
Fifthly, once her very limited be advantageously declared and accumulation of war stocks is con- the surplus which will be turned sumed. Italy thus becomes an in-loyer to the Steel Export Company sumed
HONGKONG SHARE QUOTATIONS
1 Incubator for 25-40 complete STOCK HKGKANGI
1 Steam Sterilizer with Burner
Buyer
Bellarm
Salam
1 Petroleum Bath and 6 Resis-
tances
典
1 Lot Laboratory Chemicals
75 Leica International Ex-
hibition Photographes
1 Set
and
1 Range Finder
Catalogues will be issued
On View from Friday, the 14th"
June, 1940.
Terms: As Customery.
LAMMERT BROS.,
AUCTIONEERS.
Stoman
#1315
280
£8
* Miț
܊ ܐ ܊ ܐ ܊ ܃
SHAREBROKERS' ALBOGIATION
WED.. 12. JUNE,
Buger Baliars Bloomin
Banks
E.K. Banks24140mm
£77 Da (Col. Is-} Do. Lon. B) Chartared Ame
230 Merosotila Bka, “A”
£12
Marcantile Bhi "0"
t-edged socurities were firm and home rail shares notably strengthened. Foreign bonds were steady and industrial shares gains MARKED INCREASE
ont-numbered losses. Gold mining shares benefitted from better sup- Mr. Morrison, in London, said the past month had proved.
a speech in port while leading of shares Im-
seen marked and material In Wall Street was firm. creases in output, On Monday
CONTROLLED "IN CHINA
he made an order bringing 1,463 WOOL,"SKINS, FURS works under his control. We are steadily and swiftly. reducing in- essential production and putting across plans for the allocation of material as between civil war needs and as and more urgent requirements. der its control.
and
between Tess
*
The Foreign Trade Commission has part wool, 'skins and furs un-
The main sources of these He declared that it was more animal products are the north than a military struzzle, it was western provinces of Kansu, Ning- a struggle for Europe's, perhaps sla and Chinghai (Kokonor). the world's soul. We must not Their annual production is esti- let the enemy frighten and de-mated at 169,000 piculs (110.231 press us by his screaming and lbs. to a picul) of wool and 1823,- banging.
000 aktris and furs. To facilitate the
FRIDAY, JUNE 14, 1940. -PAGE 9
SAY
Gordon's
...and know what you're drinking/
DRY GIN
DISTILLERY. LONDON
NO COLOURING MATTER
NO INJURIOUS INGREDIENTS
MUST BE RECKONED IN TERMS OF MONTHS
Italy's Capacity To Endure War Discussed
LONDON, "JUNE 13 (REUTER) ECONOMIC · EXPERTS IN LONDON POINT out that Italy's capacity to endure the war must be reckoned in terms of months rather than by years.
Sixty-one per cent of Italy's pre-war trade lay outside the Mediterranean and now will be lost. The greater part of her essential war materials also come from beyond the Mediterranean and will be completely cut off.
Mussolini is known to have the Baltang with her ally, who been laying in stocks and war, ma-has already been badly hit by the terials alnce last September, Blit | blockade. owing to Italy's bad credit, the Goods that Britain has nor purchase of FRANCE MUST BE SAVED
wool, the commission entered in position of these stocks cannot be mally imported from Italy are..
be relatively unim- to a contract with the Kansu large enough to tide the country stated to France must and
bei would
and car be obtained, provincial government in 1938 for over for more than a few months portant saved. She would save
herself the
of warfare.
without dificulty, from appropriation of $1,000,000 by her own efforts and would be as a foundation fund. It set
As far as many of Italy's lost countries. un saved by every ounce and
four collecting stations at Hsiahc, imports are concerned, she will be of help Britain could bring to Pingliang, Changchlächuan and a liability rather than an asset
to Germany,
$1330 277
£80
£8
230
$73
Bank of Each Aula ...
£13
N, C. & B. Banka ...
$74 50 ch
her ald. -
$218
Canton InsuETİMOCHE / *** $450 Union Insurancus
$218
$440
$450 65 cta
$1.70
$120
#11
Insurances
85 cts Underwrlines
$160. Fires
Shipping
$120 Dougia00 ------ $11
Steamboat
$100 Indo-Chinm
$80
54/4
Indo-China (Def.)....... Bbella
$6.90 Waterboats
(Pro)
Godowns, eta,
⠀⠀
atom
Mr. Morrison had three" reasons i
Lanchow.
the British, when in setion, show-Central News.
trom the
other
Rumanian Shipping Stopped
BUCHAREST, «June 13 (Reuter)
The purchases were either made. More than 80 per cent. of the for reasonable hope. First, appre-directly from the traders or Italian petrol imports came from clable and steadily growing
and ma-through the intermediary of the beyond the Mediterranean terial help from America; second, provincial "authorities.
the bulk of the remainder from the fact that Britain was fully In 1938, the total amount of Rumania. Clearly, Italy cannot awake, and would mobiilse as wool secured by the commission obtain more
latter never before under 'a leader was more $100
than 44,000 picula, source at the expense of Ger- $100 worthy of her; the third reason worth $1,800,000. Most of it was many. For coal Italy will have 54/4) was that although slow to action delivered to the US.S.R.. says to rely on German supplies and
$6,90
40 per cent of these have lately-All Rumanian shipping in the ed resourcefulness, inventiveness A Szechwan Inspectorate for been carried on the Frankfurt- Black Sea is being brought to a and the knack of adapting odd
Basle railway which is very Tul- standstill by order of the Ru and unexpected means to great Opium Suppression will be estáb nerable to military action. unexpected ends. They had 11shed on July 1 to tighten the draw down achieve oplum suppression work in the ment almost from empty alr, all of province. The office will make in- A great deal of Italy's pre-notice and those at вед Lave which had been seer at Durkirk vestigations into the drug traffick-wax food supplies are also im- been ordered to return immedi
"I commend it to you as a por- ing conditions in various districts, ported from counties outside the lately...
Shipping to Turkey - has been tent, In that sign we shall con- and examine opium suppression Mediterranean and Italy can only:
replace these by competing in completely stopped, quer." he concluded.
Docks, Wharves,
$90
H.K.K. Wharver
$95
Providenta
ADO
$3.60
$3.60
Providenia (vaw)
$16)
816
H.K. Docks (New)...
$16
do Rte.
$26)
Mining
***
17/8
39.90
17/8
!!!
power to
work.
.וי
FOOD SUPPLIES
manian authorities.
Ships in ports have been told remain there until further
to
+
ANGLO - JAPAN AGREEMENT
Tientsin Silver Question
LONDON, June 13 (Reuter)—It Is learned in London that details
of the Anglo-Japanese agreement on the Tientala affair will be
made available when the strange- ment will definitely be signed in
a few days time, but it is gather- ed that, with regard to the silver question, the arrangement pro- vides that the money shall be deposited in a bank in the Seitle- ment in an account under the signatures of the British and Japanese Consuls-General.
Ten per cent, (approximately £10,000,000) will be allocated to famine and food relief. The In- herent difficulties with regard to.
the disposal of this silver have
thus found a solution acceptable
to all parties.
JAPANESE STATEMENT
TOKYO, June 13 (Reuter)--A Foreign Office spokesman declared that agreements have been reached on the questions at: issue between
Britain and Japan relating to the
British Concession at Tientsin.
The agreement, he said, covers policing and the silver and "eur- rency questions. The agreement does not refer to the question of Chinese silver in the French Con- cession in Tientsin which will ap parently take further time for settlement.
CHINESE INTERESTS
british Wireless adds it is learned in London that through- ut the Tientsin negotiations ful consultation has been maintain- ed with the Chinese" Government with a view to safeguarding their Interests. It is understood object has been achieved.
this
!!! 14:4
11:14
816 H.K. Docks (Old)... 18
328 Shanghai Dooks ....
10.86 Ranba
Killaas ** Venerusia Gold T
6 cts, Hong Kong Min
Lands, Hotels and Buldings
84.35 H.K. Hotels. #38 X. Landa
31:0 Do. 4% Debentures
9 90 Bhanghai Land 1.
$10.90 H.K. Beative
$8 Humphreya
$104 Chinese Estries.....
833
Cotton Mills
Two, (B.) zle $10 B'hai Cosione (E)
Zoong Sings (W.)
**
Wing On Textilan (B.)
Public Utilities
Tramways marimet
$16
...
++
$7.40 Park Trame (old),
⠀⠀⠀à ánim pu frui
$60
$3.70 Pak Trama (new) ........
Star Ferries must $29.85 V'mati Ferrine
Do. (new)
36.85 Chi ghia (0) #Chine Lights (New)
Chine Laghia Rta.
$524 H.K. Electrica $22.10 Macao Beskydon
8117 Bandakan Laghela $20) Telephones (04) ..............
n
310.20 Telephonse (new) ...
Trictions
Tractions (praf.) ime
Industrials
$14.50) Cald., Kąóg. (Ord.) 8.
$12
$1
Cald., Harg. (Fref.) 1.
Canton Iow
#152 Commala Poezatanna
Ropes
MiscellaneoRA
Dairy Farm...........
Dairy Farm......
$3.80
$31
$100
$4.20
SHOE CO.LTD.
$7.75
:
$35+
$210
$120
⠀
BL.CO
$4
$4.
$58
$24
$9,60
23/0
*
$18.26
#51
$3.90
$20
8121
$7.
Ch. Fʻialnmatche
$1
Constrbotiona
(old)
Constroosion
|
17.46 Lane Crawfords
Nazyang Tobacco ........ || $3,40
- www
81.60 Віроктав на отрабо
$2.20
88 Watsons
$8.45
43% Ch. G.5% 1996G gBda,
$102 H.K. Govt. 4% Losma
#30
H.K, Gurk 31% Long
$39
B.E. Wing On
[18’hai Wing On
18
Vibro Filing
10/6 Marsmans Inv. (Lam.) 4/0Marimana Iav. (1.X.) Wm. Powella per
$1
1
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KINDS OF
FOOTWEAR
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BUTTERICK
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GREATEST COLLECTION OF BARGAINS IN TOWN!
int
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Hood Conn
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YOU CAN NOW EAT:-
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RUSSIAN FOOD COOKED IN THE
RUSSIAN WAY
TABLE D'HOTE $1.00 ALSO A LA CARTE
AT THE
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TEA DANCE DAILY
5 TO 7.30 PM. MUSIC BY THE METROPOLE SWING BAND
IRMA
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For particulars please apply to $7.40 Box No. 334, c/o H.K. Daily Press,
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102 9012
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Just Received
Fresh supply of the beat varieties of
Reliable and Tested
Flower and Vegetable Seeds
from
Button & Sons Ltd. Reading
now obtainable "at GRACA & CO. Dealers in Garden Seeds, Postage Stamps, &c., &
No 10. Wyndham Street,
- Established-1896,
1940 ZENITH
NEW MODELS Juri arrived" NO AERIAL, NO ÜROUND,
Just plug in and play. CHUEN YEE HONG
54 Des Voeux Boad C.
Jimmy's
Telephone 24311,
ENGRAVERS
FEI FEI & CO Photo Engravers 18, Cochrane Street, Telephone No. 22924,