HONGKONG DAILY PRESS
SPAIN COMES TO
SINGAPORE
SINGAPORE'S Queen Astrid Park-tucked away in Holland Road is fast developing into a Spanish village.
With the recent announcement of a $40,000 Spanish villa to be built for Malaya's movie. magnate, Mr. R. R. Shaw, two more houses also built on Spanish Hnes have sprung up, and will soon be completed for occupation.
NAZIS NOT WANTED IN
S. AMERICA
ECONOMIC STEPS
TO BE TAKEN WASHINGTON, June 18 (Reuter, The prevention of Germany's further economic penetration into South America is believed to lle behind the announcement made
11
But these will not be all, for Credit Foncier, well-known firm of house builders, owners of the two other buildings, will soon have another three houses of similar structure-but of different design -erected in the park, while 'con- struction on another two for a private owner is also expected to commence soon.
With a cost that runs well Irrto ave Agures. the houses belonging to Credit Foncier are the last word in comfort. being specially built to suit local conditions, at the same time keeping as much as possible to the Spanish style,
Round the house will be a neat, moderate-sized compound. When be rented at about $200 a month. Anally completed the house will
is understood,
have all their three bedrooms on the ground foor,
in the White House yesterday that the Cabinet Committee has just concluded the examination, in the
The three other houses to be most effective manner, of dispos-built by Credit Foncier will be in ing profitably, of the expert str the form of bungalows, and will plua of the Western Hemisphere.
Authoritative circles here ex- plained that an Inter-American Trading Corporation would be formed. with all the exporting countries as shareholders and the United States furnishing most of the capital.
+1
The corporation would buy all
Architects. of these splendid Spanish buildings are Messrs. Falmer and Turber, who are also the architects for Mr. R, R. Shaw's luxurious mansion.
MONEY AND
EXCHANGE
CLOSING QUOTATIONS
JUNE 18, 1940..
On London:-
Telegraphic Transfer, 1/2 7/8 Bank Bills, an demand 1/8 7/8 Credits 4 monthsʼsight 1/3 1/2... On Shanghal¦——--`
On demand gain 385
On Singapore:
On demand....... On Japan
On demand....... On India:---
Telegraphic and demand On New York:-
52 3/4
TRENSTER.
89 1/2
Bank Bills, on demand 29 1/4 Credits, 30 dayr sight 33 5/8 On Batavia:-
On. Paris:-
FINANCE & GENERAL
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE
rayers
#
SHARABROKERS ASSOCIATION
Balo
TUESDAY 18.
Traper Batter
Salmo Farsinai
+4
JUNE,
Banks
$430
$73 Bank of Baek Aslá
M. C. & $. Banki .... INSETANGOS
#18 Centon Insurimova 199 Unim.......Instrument ...
85 cta. Underwrliam
$160 HK. Fires *****
Shipping
$120 Douglas inmunamál
$11 Biosa bowla
+
$1320
H.K. Baba
$1,930
£77
Do. (Col. )
1277
£80
Do. (Lon. Bag)
Eso
£7) Chartered Banks
230) Mercantile Bke. ***!
Mercantile WhA, MOTI
£301
£18
$74
$218
8445
$170
$1.20
#100
$100
51/201 $6.90
$915
51/10 #hell
$6.80 Waterboste umiest Docks. Wharves, Godowns, ita,
60 ots
$11
$100 Indo-Chinna" (Prof.)
On demand........ ..... $1 8/4
$30
| Indo-Chinas | {Del.)....i
Bank Bills, on demand 1085 Credits 4 months' aight 1160 On Balon:-
## HK, TK,
On demand
108 34
Proridente
Providents (now) ***
On demand
44 1/2
$18
E.E. Docka (Old)..... #IKĄ
$15
H.K. Docks (New)...
On demand....... ..... 149 1/2 On Sterling Notes:-
do Rts.
34
Shanghai Decks
Bank Buying "Rate 1/4 Bar S0ver per o
Mining
170 Kaliane
on Manila:
On Bangkok:-
23
MARKET REPORT
FROM ROZA, BROS.
to the extent of 7/15. for Ready Silver prices dropped yesterday
and 1/8 for Forward, the quota- tions being 23 and 21.11/16 respec- tively Silver advices reported the
exportable commodities at some PROF. KOHT ON market as being quiet with n
average price and sell to foreign customers at the best prices ob
tainable.
14
As it is adinitted that the cut- poration would lose on most of
the transactions, the plan would be in the nature of a United States subsidy to some American coun tries
Germany Is Weakening
HIS VISIT
small business done. American Bilver was quoted at 34.3/4 for Spot.
The London/New York croGS-
Prof. Khot, the Norwegian For- eign Minister, who was in London rate was quoted at 4021/2. New recently, said that when his visits York/London was quoted at 385. «
to London and Paris had ended
he wanted to go back to Norway as quickly as possible.
"We are keeping up the fight and my place is there." he said.
Professor Koht said he thought Sweden's policy of neutrality was a neutral one and in Norway
Quiet.
"MARKET
STERLING
There were sellers at 1/2.31/97. June/September, buyers at 1/3 for any delivery.
U, S. DOLLARS
there was no desire to see Sweden Easy, Opened with sellers at dragged into the war. He did not 22.8/16, buyers Hidding. 22.11/16
INTERNAL ECONOMY think that if Sweden' entered the leading to business subsequently
BREAKDOWN ·
war it would help Norway.. at 22.6/8 followed by transactions Broadcasting later to the Nor-at 22.1/2 for Jane delivery. The wegian people Prof. Koht said he market elosed at 1 pm "with a WASHINGTON, June 18 (Reuter) had come to London with the small seller at 227/18 June, „boy- -Germany's "acute economic sit-Norwegian Defence Minister toers at 22.1/2 June. uation" was stressed in an article confer with the British Govern- In the Washington Star and the ment as to the best way of help- writer declares that although the
German military achievements
377.
ing Norway.
"I have seen a lot of the de-
have astonished the world, the struction which the German mili-
SHANGHAI DÖLLARS
SHANGHAI MARKET The market closed with sellers
progressive weakening in her in-tary machine has done in Nor-of Sterling at 3.15/18 for Spot ternal economy has moved so way," said Prof. Koht. "I have and U.8. Dollars at 5.29/32 for swiftly that acute internal danger seen weeping women and children
Epot. take shelter in woods and cel- The paper concludes that the lars. officials of Washington, who have
exists.
MARKET
IN THE AFTERNOON
*
Quiet,
STERLING
The market closed with sellers at
"What the Germans do not ven- studied vitally important economic ture to do against the nations reports. agree that Germany can with which they are at war they not continue for many weeks un-have done against us, who had no 1/2.31/32 June/September, buyers less the effects of so sweeping other wish, than to be neutral. at 1/3 for any delivery. victory are that she can draw That is how they treat a Ger-
U.S. DOLLARS supplies from half the world.
manic-Nordic people who will not
The market closed with sellers submit themselves to the German at 22.7/16 June, buyers probably yoke.
at 22.1/2 June.
PAPER WASTAGE "Many will ask, Could the coun-
ON COUPONS
POSTAL OFFICIALS
PROTEST
Protest against the acceptance by the Post Office of""fixed odds""bet- ting coupons, word pools or similar competitions was made at the an- nual conference of, the Post Office Controlling Officers' Association at Erighton,
try have been spared? But the question was no longer whether we could have remained neutral. but which of the belligerent
SHANGHAI DOLLARS Closed with sellers at 376. SHANGHAI MARKET Opened with sellers at 3.15/16
U.S. Dollars
Powers we should join. It has and closed steady with sellers at been complained that we were too 3.31/32 for Spot. strictly neutral, That is the best opened with sellers at 5.7/8 and proof of our absolute neytrality:
closed at 5.29/32 for Spot. Steady.
Official TT, Rates
"WANTED TO DRAG US IN?" "But Germany wanted to drag Shanghai Exchange us into the war at any price. She occupied the
Shanghai, June 18 (Repter). most Important strategic points five to six hours] before the delivery of the Note to | The conference, in passing a re- the Norwegian Government on solution of protest,' also directed the morning of April 9, that representations be made to the Fostmaster-General with a view to Westem Powers are prohibiting such postings.
but nothing could be more
"The Germans
F
BUY VII: DRAMA
Nanastala Gold Fis
E ch Hong Kong Visa v
$4.35 H.K. Hotels, mem H.K. Lands' mess
* 4!!
$31
--
$231
17/6
$9.60
WEDNESDAY, JUNE 19, 1940. -PAGE
Lands, Hotels and Bellingw
$390
$32
$100
Decks (0), $15.76.
$4.20
$7.76
Bro. Do, 4%. Debanderes
110.20 Shanghai Lands $.
$4.90 R.K. Rallies
88 Humphreys duametieni” Chinees Raizduo
Cotton Mills
· #1043
$3.70 Peak Tesna (new) 100
833
$210
Poor appetite? TAKE
BLACK
WHITE"
833 Bwo. (8.) ball fans $210 Shal Cotions (15.) ...
Zovog Binge (8.)
$15.90
Wing On Tertion (B.) Pabile Utilitie Tramways
$125
$15.75
$7.40 Peak Trazze (old)}
$8
HK, Banks
5 $1,310,00 China Lights (0), 566) 8.50
$50
Star Ferries mekl
$57
China Lights (N)
113
3:50
$29
I'mali Ferries
$92
Do. (new)
$6.35
88.50
48
$31
Lights (0)
$3.00
HK Docks (0)
200
ents (New)
H.K. Electrics
200
Chins Lights Rts.
200
$58
Macso
Telephones (N)
1,000
8.00
HK Tramways
100
15.75
324
HK. Lands
200
Sinceres
500
23/0
3,029
ta
$91.10
{H.K. Becicios
$14 Bandakan Lighin
Talaphones (old)
*233
$8
Talaphones (new)
་་་
Tractions
+
Tractions (prof.) -
--
THOSE WHO KNOW, SAY IT'S THE SCOTCH.
H.K. STOCK
EXCHANGE
The market continues quiet,
SALES
Telephones (N), $8.
HONGKONG
SHAREBROKERS
ASSOCIATION
Volume Of Business Transacted on Tuesday, June 18, 1940,
The total value is $48,18.25.
HIGHER COST OF ELECTRICITY
Traders' Petition To Minister
War-time electricity charges are the subject of a petition, signed by nearly 100 Mayfair traderą, presented to the Minister of Transport.
Complaint is made against the new charges and contracts 'of Central London Electricity Ltd.. which has a monopoly in Maytale Mr. Philip Sargant, a director of 3.75
a Grosvenor-street firm and 15.75 organiser of the petition, said. 58.00 58.00
"Many individual firms have complained, but this is the, first concerted effort. Before the war numerous tradera, had two-part 32.00 tariff contracta. October they
2.20
received notice cancelling these and fixing a flat rate of 6d a unit in place of 344.
"WASTE PAPER &
CULTURE
Mr. J. B. Priestley, the novelist and playwright, speaking at a Foyle's luncheon, advocated ́a na- $1.85
tion-wide appeal for the collection "$7.45" of waste paper. He said that thou." sands of tons were wasted."
Every office had stacks of old 18.45
papers, which could be collected 439 103 and made available to publishers. 961% The shortage of paper had already 139 dealt a serious blow to the coun-
try's cultural life.
$81.
Mr. Harold Macmillan, MP., said that the public should demand ad- equate supplies of paper for the publishers.
"The alternative was to uzktár mto new two-part contracts.ak.a. considerably higher rate. Aintze. number of firms recepted the `fat. rate because they were unable to pay the contract ·deposits. Int advance,
"Many traders in Mayfair have been badly hit by the way and some have closed down. When the Government have threï a definità stand against infation' and rising prices ft is difficult tó widerstand the company's attitude."-
An ometal of the company. pointed out that the new rates resulted from fixing costs of pro- duction and· were unavoidable.
| particularly as the companý was obliged to put tilde #500,000 à Fear in sinking funds.
Cad, Macg. (Pref.) 8.
ET Canton To
$51
Ropes
$1. $101 $3,00
#20
$191
$7.
Construction
(old)
Industriais
$14.90) Cald, Miog. (Orl.) 8.
$13
#154 Comsenin
012
Miscellaneous
Dairy Farm........
Dairy. Faruti
Ch. B'Minimatcha
Constructives
17.45 Lane Crawforda
Nanyang TobnovQ. ****
43. | Ch. G.8%, 19960 $341.
9103 H.X. Gors, 4% Lonne
H.K. Gors. #% Long
|B'hai Wing. On m
8 Vibro Pilingen
Marsmane Inv. (Libes.)
Maramana Inv. (H.I.) Wm. Powalle
Shanghai
$2.50 Binders
881
Watsons
195.
$30
HL. Wing On
10/0
40
$1
SHOE CO.LTD
HONGKONG
APPLIES ALL KINDS OF
FOOTWEAR
BUTTERICK
Expert Ladies' Tailor
Opening
London New York
0/3-3/4
5-3/4
say that the hypocrites,
Japan
23-3/8
India Faris Hongkong
20-3/4
2.75 25.
Sterling Opening .. Closing
Bellers.
New Style Ready Made Dresses
FOR SALE
Spot
June July At
Mr. W. J. Jones (Liverpool), mov-hyprocitical than the German 13- ing the resolution, said that the point memorandum. It offered number of "fixed odds" coupons protection of our neutrality by a ported had in some weeks reached nation, which had sunk our ships the half-million mark. They placed and killed hundreds of our sea- an unnecessary burden on the Post men.
FULLEST "USE
Office when it was fully occupied 'Germany's moral defeat is ac- with the disposal of correspondence complished and we deeply regret much more vital to the country's the decline of German politics welfare.
and German culture. We Norwe- glans say, as we have done in other difficult periods of our na- In addition," he added, "when tional life, The Norwegians will We are expected to make the fullest not be slaves. We were not arm- use of every strap of paper, even to ed as we ought to have been, and the extent of using the backs of we must all take the responsibi envelopes received from the public lity for this, but even our navy for the purposes of making en-inflicted severe damage on the dorsements, we cannot velw with enemy, and in our valleys the equanimity the wastage of paper Norwegian army fought stubborn- involved,
ly against heavy odds.","
0/3-15/16 0/3-31/32: 0/3-15/16 0/3-31/32
·0/3-7/8 -0/3-29/32 US, Dollars
$5-15/16 35-29/32 5-15/16 5-29/32 5-25/326-3/4
Spot June July Market: Quiet.
Calcutta Exchange
Calcutta, June 17 ((Reuter), TT on Japan, 93-3/4.
India
Rupee Paper Bombay, June 17 (Reuter), Govt 31% Rupee, 88-04-0
The executive was also instructed In conclusion, Prof. Koht made to negotiate on the subject of an appeal to the Norwegians to greetings telegrams for Christmas be patient. The help from the and New Years Eve Telegrams for Allies could not have an imme-It was a point of honour for them delivery on Christams Day and Jan. diate effect, and conditions in to fulfil it.
1, it was urged, should not be ac- Norway itself made immediate re- "We must trust in them and cepted after two pm, the previous suits Impossible, but the Allies on our side, we must not lose
bad promised Norway, full aid and patience.
$2.35
82.90
$14
Hongkong Daily Press
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NO TRANSFER OF POSSESSIONS WASHINGTON, June 18 (Reuters The immediate passage of a legis- lation stating that the United States will not acquiesce the trans fer of possessions in the Western Hemisphere from one non-Ameri can poster to another non American power is urged by Ben tors Connally, and Pittman
Flower and Vegetable
Seeds
from
Button & Bons Ltd, Reading
now obtainable at
GRAÇA & CO.
Dealers in Garden Seeds, Postage Stamps, e, se
Wyndham Street, Established 18044 Lon Lon
YOU CAN NOW EAT:-"A LA
藝當
ROYAL STUDIO
Art Photographer
Excellent. Enlarging & Developing
HOTELS
39, Queen's Bd. C.
Tels. 21184 & 33008.
COOKED IN THE
RUSSIAN FOOD RUSSIAN WAX
TABLE D'HOTE 31.00- ALSO A LA CARTE
AT THE G
METROPOLE HOTEL
1940 ZENITH="
NEW-MODELS-Just Arrived
NO AERIAL, NO GROUND, Just plug in and play CHUEN YEE HONG
54 Des Voeux, Bord C.
AT
Jimmy's
TEA DANCE- DAILY
8 TO 138 PM.
MUSIC BY THE METROPOLE SWING BAND_
24311.