HONGKONG DAILY PRESS
<
Canada's Transportation Facilities Valuable To The Allied War Effort.
During the course of this war, in which economic factors, such as the movement of supplies from, the industrial front to the theatre of war play such a major role. Cinada's transpor- tation facilities, à fight mesh covering the whole expanse of the Dominion, are, called upon and render valuable ald to the Allled war effort.
Canada is much better, equipped today to handle large amounts of freight than it was during the last war. The Cana- dian railways can handle double transport, in 1914-19
Locomotives are heavier and more powerful than they were a quarter of a century ago, having a tractive effort today of 00,000 pounds compared to 52.000,
Ralls on the main lines are 20
to 50 pounds heavier and can bear
a much weightfer load: Box cars and other freight rail "vehicles have an increased capacity from 33 to 42 tons. Speed in travelling has been stepped up to nearly double what it was m 1914
The transport of vast quantities of foodstuffs war supplies ant of large numbers of troops from Canada's Inland to the Atlantic seaboard to awalt convoging to Great Britain is proef of the pre- dominant role which Canada's
the
MONEY AND EXCHANGE
CLOSING QUOTATIONS
JUNE 25, 1940.
On London: ---
Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand 1/9 7/8 Credits 4 months' sight 1,3 1/2 On Shanghai:
יי
On demand.......... 360
'Op Singapore:—
On demand............... 69 3/4
On Japan:-
freight they could
On demand
On India:-
and demand
Importance Of Role Of
Air Gunner
Telegraphic Transter.
On New York:--
96
89 1/2
Bank Bills, on demand 22 1/8 Credits, 60 days' sight 23 7/8
On Batavia :--
On demand 42 On Paris:-
Bank Bills, on demand 1085 Credits 4 months' sight 1160 On Salgon:
The importance of the role in War of the air gunner is recognised by the Royal Canadian Air Force, On Manila:- which has approved the award of a distinguishing badge for wear by airmen completing the 24-week course at schools" established un-On der the British Commonwealth. Air Training Plan
The badge is similar to that ap-
On Bangkok
FINANCE
HONGKONG SHARE QUOTATIONS
SILAREBROKERS' ASSOCIATION
STOCK EXCHANGE,
Buyere Bellar Balay
Semi TUESDAY 25.
JUNE.
Da***
Ballara Balea Teminat
Banks
#1100. E. Banks
£68
Do (Col Bagjike
£65 Do. (Loc. Reg.) ***
£8) Chartered Berks
£98 Marcantile Bk. "A Marcantila ka “g
873 Bank of. Bart Ass
1.
N. C. & S. Books
Insurances
#218 Canton Insurances
$1900 P69
£8)
£30
£11
$73
50 st.
$218
$390 Union Insuranom
$300
160 cts
$180 H. Firm mand
$160
$120
211
$100
8100
30/0
$8.90
185 cta. Underwriters
Shipping
$120 DongleE
811 Steamboats
$100 Indo-Chinsa.
(Prof.)
$50 Indo-China (Def.).....
30/0 Shells
$6.30 Waterbest
zmene
Docks. Wharvės,
Godowns, età.
H.K. A K. Wiervon
$3) Providente
Providenie (now), 409
815 H.K. Docks (Old)....
On demand
109, 34
$95
On demand
45
$15
On demand. 148 1/2 Sterling Notes:- Bank Buying Rate 1/3 1/4
21 1/8 Bar Stiver per or...........
H.K. Docks (New)...|
$24
17/0
great railway system will play proved by His Majesty the King MARKET REPORT
during the war.
The picture of Canadian truns portation would not be complete
however if the other major factors.
which play their part in the con- veying of goods and, men, not mentioned,
ENLAND SISTEM
were
Within Canada's frontlers lies
2 great inland system of water transport. Ships plying the waters of the Canadian Great Lakes are an Important agency in the freighting of goods, especially 'wheat and other essentials from
the vast production area of West- ern Canada,
War
moter
for wear by officers and airmen of the Royal Air Force who nave qualified as gunners.
FROM ROZA, :BROS. Silver prices dropped yesterday The badge consists of the letters "AG of drab silk surrounded by to the extent of 1.5/18 for Ready laurel wreath of brown silk, and 11/16 for Forward, the quota- together with an outspread wing. tions being 21.1/8 and 21 respec- mounted dark blue Melton vely. Silver advices reported a quiet market. A moderate busi- clotii,
a
On
LARGEST
ness, was done, American was quoted at 34.3/4 for Spot.
gulver
The London-New York cross- rate was quoted at 402.1/2. New
PHOTOGRAPHIC York/London was quoted at 370.
MONTAGE
The largest photographic mon-
Quiet.
"
MARKET
STERLING
There were sellers at 1/3 June-
tage ever made, depicting the August, buyers at 1/3.1/32 for any
U. S. DOLLARS
Mach Improvement has also been scentę grandeur of Canadian parks, delivery. brought about during intervening i resorts and cities together with years between this and the last various operative phases of Trans- A small business was reported at transportation, Canada Air Lines, formed the 23.3/16 for near delivery and 23. Canadian highways are vastly background of the exhibit of the 1/8 September. The market closed hard-surfaced toads Canadian National Railways at the with sellers at 23.1/8 for near and throughout the Dominion are..tra-re-opening of the New York forward, buyers at 23.1/4 for Cash. velled daily by freight-bearing World's Fair.
SHANGHAI DOLLARS trucks of enormous size...
better and
Curved to provide a blending
Opened at 375. The highest rate was 378. At lunch time
SHANGHAI MARKET
Mention must be made of the pictorial background for the cen-done gigantic strides made in air trans-tral. portion, the montage has in there were sellers at 377. port. Not only, are thousands of the centre a motion picture screen 'miles of transcontinental and on which natural color pictures are Quiet. Sterling.sellers at 3.15/ branch arlines, with valuable displayed continuously, showing a 16 for Spot and U.S. Dollars at facilities and personnel, a prime trip across Canada on the Cana-6.3/32 for spot. factor in transportation, but they dian National Railways and by are contributing greatly to the Trans-Canada Air Lines. Empire Training Plan, the biggest
factor in Canada's war effort.
To Illustrate the huge tack
AUTHENTIC REPLICA Included in the exhibit 13 an
often and a large coloured map outlining the routes of Canadian National Railways and TCA.
Canadian transportation systems authentic replica of a TCA plane, "have undertaken in respect to eight feet long with a wing spread ..movement of war supplies the following statistics are pertinent; 90 per cent. of Canadian lead and zine output. 80 per cent. of copper
The montage, which will play a production, about 150.000.000 bus featured role at the travel exhibits hels of wheat, over 3,000,000 pounds of the Fair, will be situated in the of bacon a week and a substantial Canadian Pavilion, a popular at- amount of lumber must be moved traction for last year's visitors. by rall, truck or airplane. These
are only a few of the leading pro-
ducts already contracted laz RETENTION OF
Britain for the first year of war.
MR. M. HARMAN'S
KEY MEN IN LABOUR
The Canadian Government, like
COURT PLEA: the British Government, favours a Mr. Martin Coles Harman, the policy of permitting manufacturers financier, who in 1925. bought the engaged in producing war supplies, to retain key men and skilled nie- freehold of. Lundy Island for £20,000. and who in 1932 failed, chantes, on the assumption that with estimated liablilties of £568,- their services are more valuable to 684, applied at the London Bank-the country in their occupational ruptcy Court.for a discharge. This capacity than in the armed forces. Industrial workers have enlisted was granted, subject to a three
and will continue to enlist in re- years' suspension.
Mr. H. H. Gaine, Official Relatively large numbers, but key. celver, reported, that, with the ex-men must be retained if the war ception of two proofs by the pett-production of Canadian Industry tioning creditors, Norris and Jones is to be emcient.
The principle extends also to the Ltd., of Liverpool, totalling.£150,- 563, and 10 proofs of the Inland air and rail transportation systems Revenue for £9,033, all the proofs and similar vital, public utilities. lodged had been withdrawr.. The
assets had realised: £6,400.
MISFEASANCE
CHINESE MILITARY
AFTERNOON MARKET
Quiet.
STERLING
The market closed with sellers st .1/3 June/July, probably.
U. S. DOLLARS August, buyers at 1/3.1/32.
Business was done at 23.3/16 and 23.1/4 for Cash. The market closed with sellers at 23.1/8 for at 23.3/16 June, near, probably forward, buyers
SHANGHAI DOLLARS 378 sellers.,
SHANGHAI MARKET
The market closed with sellers
jot Sterling at 3.29/32 for Spot and
US Dollars at 6 for Spot.
Shanghai Exchange
Shanghal June 25 (Reuter).
Ometal TT. Rates
London
New York
Japan India
Paris .Hongkong
Sterling
Opening
0/3-3/4
5-1/2
21-1/8
20-3/4
2.65
24-7/8
Sellers
Opening Closing
0/3-15/16 0/3-29/32
0/3-15/16 0/3-29/32
Spot
June
July
0/3-29/92 0/3-1/8
U.S. Dollars
Spot
36-1/10
Jume
July
*6-1/16 8
5-81/31
.5-29/32
"Market:-Quiet.
Silver Duty Rate The Central Bank of China's MACHINE IMPROVED rate on London at 10 am. today
was 1/2-1/2d.
Mr. Harman attributed his in- LADHOKOW, HUPER. June 25 The Equalisation rate was 11 solvency to his liability of £145,- | (Central) — China's military ma per cent.
563 under a judgment for damaged chine has been greatly improved,
for misfensance obtained against according to Mr. Tan Kah-kep, Calcutta Exchange him by Norris and Jones.
well-known Chinese industrial
Mr. Galne, said that Mr. Harmati magnate of Bingapore, who ar In 1933 was found guilty of fraud rived here trom Loyang on June and fraudulent conspiracy as a 23 after an extensive inspection director of Chosen Corporation tour in the North-west.
Calcutta, June 24 Reuter). TT. on Japan, 91-1/2. v.
India Rupee Paper
Bombay, June 24 (Reuter). Govt, 31% Rupee, 86-14-0,
:.
do Rts,
Shanghai Dooku 8.
Mining
Kalian**TO
$9.56 Rsabelamine Vanesnola Gold Fids
6 qts, Hong Kong Mion ... Lands, Hotels and Buildings
!!!!!
14
ཚ་
**
895
0157 $13
$26
17/8
84.36 R.K. Hotal d $30 E.K. Lands -$100 Do. 4% Debenbere
830
$1,90
$100
$7.80. Shanghai Lanės $4.90 H.K. Renities
..
$3.90
#5 Humphreya ...................
760
#104] Chingme ataing co
Cotton Milis
Bwo. (5.)
Zoong Bing (8.)
314.15
$210 B'hel Cotions (8.) ...
Wing On Textiles (8.) Pabllo Utilitiem
Tramways senaskākamo
$7.40 Pak Trame (old) w $3.70 Peak Trama (new) ́... iStar Ferrien acertalet
360
$29 T'mati. Ferries
Ik. (new)
114
$34 3210
$125
81415)
HE
Chine Lights (0)
$31
China Lights (New) »
Chine Lights Rts.
256
$57
$17
B.K. Kisotrio. Macao Electrics (Old) $16Macao Electrics (N)....- 811+Bandakan Lighhi van 329 Telephones {Ché)_kaas 98 Telephones (DEN) 10, Trackiona (prof.) Jums,
Industrinia
814.00 Cald. Mog. (Ord.) 8.
Cald, Macg. (Pref.) 8.
Miscellaneous
822
WEDNESDAY, JUNE 26,
1940. -PAGE
BLACK&WHITE
MATURITY" WITH PURITY
YOUR FIRST SIP TELLS YOU IT'S THE SCOTCH.
H.K. STOCK EXCHANGE
Another quiet day, though there remained an unsatisfied demand for H.K. Banks after shares had passed at the reduced rate of $1,125. China Lights New were placed at $3, and the Old at $8.
SALES
H.K. Banks, $1,125. China Lights (Old) 36." China Lights (New) $3.
HONGKONG
SHAREBROKERS"
ASSOCIATION
Volume of Business Transacted on Tuesday, June 25, 1940. HK. Tramways ......... 300 $14.00
The total value is $4,200.00
RAUB'S REPORT
The Hongkong Stock Exchange informs us that they received the following cable from the Raub Australian Gold Mining Co. yester- day:-
REPORT NO. 580
Fine Ounces, 1457, Pront, »$23,000.
RURAL CREDITS IN KWEICHOW
NO EXPORTS -TO- FRANCE
LONDON, June 25 (Reuter)-The Board of Trade has made an Ex- port Control Order, taking effect from June 24, under which the export of all classes of goods to French territories in Europe, in cluding Corsica, are prohibited.
A Revocation of the outstanding licences for exports to the terri- tories in question has been issued at the same time.
Tungsten Produced In Yunnan
CHUNGKING, June 25 (Central)— Although not included among the three major tungsten producing areas Klanga, Kwangtung and Hunan, the southern Yunnan dis- trict is also producing tungsten The production there is about one-seventh of the national out- put of 1,000 tons annually.
Prospecting for tungsten in southern Yunnan began in 1935 and mint z was started in "August, 1938, with the organization of the Yunnan Tungsten-Antimony Company by the provincial re- construction bureau. Besides this Company, there are 120 local con- cerns mining tungsten ore.
About fifty per cent of the an- nual tungsten production in southern Yunnan is produced in KWELYANG, June 25 (Central) the months of June, July, August summer -The Kwelchow Provincial Gov-and September when
easter 103.ernment has completed negotia- rains make washing, an BeXtions with Joint Head Office of task. All the production is for $30
the Central Bank of China, the export, Chinese tungsten export Bank of China, the Bank of Com- in 1939 amounted to 106,801 quin- munications and the Farmers tals, worth $44,674,912. During Bank of China for increasing the the first three months of 1940 it
to capital for the extension of rural amounted
13,098. quintals, credit loans to $20,000.000.
worth $5,311,735."
$21
23/0
$1 Canton I
$13) Cant
$131
84)
Вори отри
31
$3.90
$184
Dairy Farm................
$187
Dairy Farin...
E7
Ch, f'isinmanÍM KA
$14.
Construotion
(0%)
47. $1.85
..31
Construolioma
-$7,45 Lane. Crawfords Lam
$7.45
Nanyang Tobagoa...
$3,10
12.60 BizenroS
$2.10
$7.80 Watsons
43'/,
Ch. G.5%, 1995G BBds,
$7.80 43°/
$95
H.K. Govt. 3% Lore
$14
$8)
$103 H.K. Gort. 4% Lowas
.$39 H.. Wing Of·cers.
.18
18'hal Wing On s
Vibro Piling
́8/104 | Marsmane Inve. (Lam.)
4/0 Marsmans Inv. (HK)
$1
Wa. Powelle
*Selas to Shanghai
SHOE CO.LTD
HONGKONG SUPPLIES ·ALL'
TEKINDS OF
FOOTWEAR
Hongkong Daily Press.
CLASSIFIED ADVERTISEMENTS
相
富
ROYAL STUDIO
Art Photograpber
Excellent Enlarging & Developing
39, Queen's Rd. C.
Tels. 21184 & 33008,
AUCTIONEÈRS
GRIATA S{ COOLLU HON 48 BARGAINS IN ROW NI
LAMMI ETS ALLEIN BOGA Lamurit, in tand
1:
TO LET
Large furnished or unfurnished room near Bus station, Waterloo Road, with Laundry and with or without Breakfast.
For particulars please apply to Box No. 334, c/o HK, Daily Press, Ltd. or phone. No. 30251.
Ltd, and was sentenced to 18 During his tour, which covered months imprisonment in the Shenel, Kansu, Ningshla and second division, His appeal Chinghal, Mr. Tan said he noticed against the convletion was dis- the grim determination of the
With a view to giving Chinese missed.
people for continued resistance Mr Harman, giving evidence, despite hardships.
$6,000,000 was derived from oplum children an insight into the lives the enforcement of of the Japanese people, the Japan- said: This is no ordinary bank- Mr. Tan praised government tax. Since ruptcy. Eight years have elapsed. efforts in stamping out the evil of opium suppression, the revenue ese Education Ministry has pre- which I hope you will regard as a oplum. In Kanan province, alone, instead of decreasing, has jumped pared a series of text books to lengthy decontamination period, he said, prior to the opium-sup-to $12,000,000, -10,000,
BUTTERICK
„Expert Ladies' Tailor New Style Ready Made Dresses FOR SALE
16. Wyndham Street,
Tel. 23615.
FERTABS
Pills for Plants
A complete Concentrated Food for Pot Plants
for Magic Growth
-in "boxes of 60 and 150 pills. at $1 and 52 per box.
Direction
Just push them inwater watch the amazing growth.
GRACA & CO. Dealers in Flower and Vegetable teach the Japanese language to Beads, Postage Stamps, &c, &C.
No. 10 Wyndham Street Established: 1898. Butig Kong,
Now we are at war I want to pression campaign, the yearly re-. After a brief stay here, Mr. Tan children on the mainland, the pull my full weight in the boat. venue totalled $7,000,000, of which wih return to Chungking,
Kokunin reports, sayi Havany y
HOTELS
RUSSIAN CUISINE
MORE POPULAR EVERY DAY
METROPOLE HOTEL
1940 ZENITH
NEW MODELS Just arrived
NO AERIAL NO GROUND, Just plug in and play' CHUEN YEE HONG
64 Des Voeux Road C.
AT
Jimmy's
TEA DANCES Tuesdays
Thursdays
Saturdays
Sundays
›5 to 7.30/pin/.
Telephone 24311.
ENGRAVERS
FEI FEI & CO. Photo Engravers 18 Cochrane Street, Telephone No. 22724