HONGKONG DAILY PRESS
ECONOMIC WAR WILL MAKE ITSELF FELT
INCREASINGLY
LONDON, JULY 5. (REUTER)—“I BELIEVE THAT THE ECONOMIC WAR IS TELLING AND THAT ECONOMIC PRES- SURE IS MAKING ITSELF FELT INCREASINGLY as the war gees and will make itself felt, not as a primary weapon, but as an essential auxillary with the Army, Naval and Alt. forces, of the defeat of the enemy,” said Dr. Hugh Dalton, Minister of Economie Warfare, yesterday. He was speaking about the pros- pects of an invasion.
Dr. Dalton said: "We shall
shall fight. never surrender, we We shall never put up the white dag. We shall. If need be, die, but we will continue to the last; even
If Whitehall is completely blotted out, we shall go on"
TWO THOUSAND .
AERO ENGINES
A MONTH
FINANCE
Finance and Commerce
UNDER DIRECT SUPERVISION
OF
CUSTODIAN
BATA SHOE CO.
IN SINGAPORE
Importance Of Sugar In War
100,000 TONS SENT FROM JAVA
H.K. STOCK EXCHANGE
Friday, July 5. Last week's summary stated that a somewhat better "feeling
abounds in the market." This
Was
rudely shattered by the evacuation bombshell broadcast The biggest sugar transaction on the same, Friday, evening. So
recorded In consequence of a recent an-ever
the his many having to make- hurried nouncement made in London re-tory of the commodity took preparations for an ̈"unknown : garding the position of the Bata place the day war broke out, when quantity.", the Monday's Bank holi- Shoe Company and its 140 subsi-the British Government bought day was cancelled. It causes won- diaries throughout the world, ac- from British sugar- growing „ter-derment that the departure of the WASHINGTON, July 5 (Reuter,tion has been taken by Govern-ritories the entire harvests for this second batch of evacuees was not precceded by a plethora of forced There is no auestion, he con--The United States aviation in- ment to place the subsidiary com. year and hext
This was one of the points made selling to raise the "wind (to an tinued, that the Government, and dustry is now producing 2,000 aero Pany in Singapore under the direct the British people it represents, is engines and 500 military planes a supervision of the Custodian of by Mr. Jacques L L'Espagnol extent that had already been done.
Enemy Property."
financially.) There when, speaking to the Singapore though not determined to see this through to month.
By using the plant to the full
By this the affairs and business Rotary Club, he dealt with the has been a natural and necessitous the
of the company-in Singapore will history of sugar from the military desire, on the part of some holders henceforth be placed under the and political point of view rather to secure immediate funds, and
end. "We have made our
to
choice, and, although it will be a great struggle we intend achieve total triumph over the enemy,"
...
COME TO SENSES
Dr. Dalton, who fought with the British Army in Italy during the last war. went on to say, "I think the Italians will come to their senses quicker than the Germans. "They have better sense to come to. They have richer history; it is not their nature to be enemies. of mankind".
He continued that he regarded Italy as a potential ally of our cause.
SECRET SESSION
LONDON, July 5 (Reuter)
A secret gession on the Ministry of Economic Warfare will be held next Thursday.
and employing more skilled labour the output is expected to rise still further shortly. --
HONGKONG
SHAREBROKERS'
ASSOCIATION Volume of Business Transacted on Friday, July 5, 1940 China Lights (0) 500
H.K. Hotels
direct control
of the Custodian, than the commercial "angle.
:|
the market has stood up to the
who in turn has appointed a char- Britain, he said, had always selling for this necessity remark- tered accountant
sa the super-been one of the world's biggest ably well, though it must be ad- mitted that the volume of selling visor. granting him full power to buyers of cane sugar.
has not been too unwieldy, Ideal with the company's affairs. The British soldier, said Mr.
The aim of this supervision, ac-L'Espagnol, in wartime consumes Leaving aside HK Banks which have had A good rise following cording to the Custodian of Enery five times as much sugar as in their recovery in London, a com- that the peacetime. The French pollu takes parison of the opening quotations. Property, is to ensure Company will have no dealings at about three times as much. and on 29th ult. (last Saturday) and $5,80 all with their other subsidiary com.in the present war thousands of the closing ones of today shows a 5.80 panies in countries already over-tons of chocolates. sweets and refreshing power of absorption, 3.10 run by the enemy.
Bugars, are being shipped to coupled with only minor ductua~ The announcement made in Lon- France Tor distribution among tions against holders. It would don is to the effect that "the Bata French and British soldiers."
H.K. Tramways
111 .2,000 225 200 14.30 500 14.20
3.05
50 14.20
Entertainments
500 200 150
14.20
14:25
6,20
Unions
30 316.00
4,466
The total value is $41,430.05.
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE,
Boyers Sellers
SHARYBROKERS' ASSOCIATION
Balon
Xominal
FRIDAY 5.
Buyer
Boilers
JULY. Banks
$1080
H.K. Banks...
***
£63
Est
22
$73
+
$300
#315
::
....
Do. (Col. Reg.-.-.- Do. (Lon. Reg.) .... Chartered Banks
Mercantile Bks. "A".
Marcantile Bka. "C".
Bank of East Asia......
N. C. & 8. Barks...... Insurances
#218 Canton Insurances......
Union InsurROCCI.......
[50 cta) Underwriters, knepena
$160 H.K. Fires...
Shipping
$120 Douglases
#11
Steamboats ANTITHE
$100 Indo-Chinas (Pref.)...
Indo-China(Def.).
334
Baixinal
seem then a mild dose of con-
Shoe Company and its 140 subsl- The German soldier however.ndence infected into the market diarles throughout the world ex-consumes roughly 20 per cent. of might lead to an improvement cept six in Great Britain; those what he is allowed in peace time. both in prices and turnover. Evi- in the United States, and ́any
INDISPENSABLE
dence la not lacking of the exis alled country not overrun by "More than is generally believed, tence of bargain hunters lurking Germany, have been placed on the sugar is indispensable for those on the side lines. Board of Trade black" list 'as being who are fighting for our liberty." u concern trading with. the Mr. L'Espagniel stated. enemy."
The local subsidiary is not included in the black Hist, it is pointed out, but nevertheless steps to prevent it from having further connections with the other subsidiaries in enemy territory are considered neces- SLTJ.
Arrangements made between the British Government and the Dutch authorities, now on the side of the Allies, had facilitated the ex-
Java port of sugar from
to England."
It was only recently that 100,000 tons of Java sugar was sent to Britain, The value of the consign-
The Malaya Tribune also under-ment waя G.8,000,000. $1075 stand that similar action is being
|י
"Under present circumstances, taken in other parts of the Empire lowever, sugar is not as sweet, as
usually tastes," said Mr. L'Espagniol, explaining that many
tak
£63
£80
where the Bata Shoe
Company it
EST
have their subsidiaries...
£281
£11
$73
$310
831B
80 cta 8160
As it is, there will be no inter- "Java firms had seen their markets ference with the business of the considerably reduced owing to re-
50 ct. Leompany whatsoever but their strictions,
He said he was assured of the dealings will, however, always be
the "future" of sugar despite all the 3218. funder the supervision of
supervisor, who is Mr. A. 3. Kane, miseries of Europe.
***
$120
$101
$100
$100
36/0
of Messrs. Lowe, Hingham and "It is definitely safe," he said, Matthews.
adding, "One day Adolf Hitler will
BUSINESS DÖNE DURING THE WEEK
E.K. Banks, $1,060, $1070. Unions Ins., 315, 3124. Hotels, $3.
Lands, $30, $29, $282. Tramways, $14, $13.90.
China Lights (Old), $8, $5.90, $5.80.
China Lights (New), $3.05, $3.
Electrics (Old), $37, $36. Telephones (Old), $18,
Cements, $13.10.
Dairy Farms, $171, $17. Watsons, $7.40, $7.30, $7.40.
EK. Govt., 4% Loan 102.. HK. Govt. 34% Loan, 95 X. Int.
BUYERS
Unions, $310. Trams, $14.10.
China Lights (Old), $5.70. China Lights (New), $2.95; Telephones (Old), $19.25. Watsons... $7.50.
A
Hotels, $3.10. Lands, $294.
SALES
Electrics (Old), $38. Dairy Farms, $17.20..
SATURDAY, JULY, 6, 1940. —PAGE
Say "BLACK
& WHITE" and
be swie!
NO TWO WAYS" ABOUT IT, IT'S THE SCOTCH."
"SPECIAL SALE'
AT LOW PRICES
New Laid Leghorn Eggs
FROM THE
Diamond Leghorn Farm
Bola Agent:
HUNG CHEONG
66,
NATHAN ROAD, KOWLOON
TELEPHONE STAGE
WEEKLY RETURNS AND REPORTS
BANK OF ENGLAND LONDON, July 4 (Reuter),
Public Deporta
Other Deposita:—-—-
Bankers
Other Accounta Total"...
June 27
July
£
57,370
10,000
82,750
140,120
50,330
48,830
133,080
188,950
Government Securities
151,100
171,280
Other Becurities?----
Discounts & Advances Securities
4.710
23.540
23.190
23.250
28,640
Coins
29,580
. 1,770
602,150
608,180
16.43%
11.47%
168/-
Total
Notes and
Total Bullion....
Notes in circulatiem
Ratio of Reserve to Liabilities
Price of Gold at which holdings, are valued
KEROSENE PRICES REDUCED
The Asiatic Petroleum Company (South China), Limited advise that
163/-
BRAND
Silverlight (in Cases)
$5.00
Silverlight New Tins)
7:15
Crown Lampglass/Rising)
Bun (New Tins)
·7.00
Crown/Lampgiam/Rising
Bun (in Drums).
5.60
Cross (New-Tins)
Cross (in DTUKS)
5.45
The biggest shoe establishment probably come to the conclusion in Malaya, Bata has branches all that the Franco-British sugar over the country, and according market is still showing an upward to their manager, this action of tendency." Government is regarded as a fine Mr. L'Espagnol referred to the $6.90 gesture.
fact that Alexander the Great was |———— The supervision came into force one of the first great militarista two days ago, and the Tribune was to appreciate the importance of growing of cane sugar in all the as from July 4 their prices for informed that it will continue for sugar for the army.
territories under his rule.
Kerosene have been reduced by $1 the duration of the war
He sent a delegation to India, Bugar and · sugar-containing then the chief sugar-producing foods were supplied In ample per unit and their retail prices per country, for a close study of its quantities to the sallors of Spatiis unit of approximately 8-1/3 LG.$250 each and this amount is re-
are now as folows:-
$80
34/3
Shells
$8.90 Waterboats
Docks, Wharves,
Godowns. etc.
$95
H.K. & K. Wharves...
$95
Providenta ...
$3.10
815
HLK. Docks (Old)...
LA
814
$211
15/0
B01
$23
23
1294
Bat
豁
914
##!
1-
111
83.06
$28
$15 H.K. Docks (New)..
15/0
+Shanghai Docks..
Kailans
$9.55 Baubs
Mining
6 ots Hong Kong Mines.....
Lands. Hotels and
Buildings
H.K. & S. Hotels....
H.K. Lands.
$10 Do. 4% Debentures....
$970 Shanghai Lands..........
H.K, Benltics..
Humphreys
$104 Chinens Estates..
Catton Mills
829 Eiro (8.) ..
8210 S'hai Cottone (8.)....
Zoong Sings B.}........
Wing On, Textiles (8.) #125
Pablle Utilities
HK. TramwayB... $7.40 Peak Trams (old)..... 13.70 Peak Trams (new)..........
B
:
$3.80
$8.50
$6.60
4
$14
.:
$100
$99
$810
OPIUM REVENUE
ON DECREASE
Optum smokers of the FM.8. smoked less chandu last year than in the previous year, according to the annual report of the FMS Customs and Excise Department for 1939
་་
The total amount realised from the sale of optum was $5,641,917.10. and the amount spent in the pur- chase of chandu and chandu dross amounted to $1,122,504.47, giving á nett amount of $4,519,- 412.63 to be credited. to revenue. This shows a decrease of $722,389 from the nett, amount in 1933,
The total amount of chandu $21 sold during the year was 432,488 $5.90/3.90... tahtis, showing a decrease of 45,711 tahils on the 1938 figure. Included
157
**
production, and then ordered the Armada.
SHOE CO.LTD.
· HONGKONG
SUPPLIES ALL
KINDS OF FOOTWEAR
ROOM TO LET.
Comfortable room facing sex at in the figure were the 782 tahils North Point use of kitchen and New supplied to the Leper Asylum at necessary crockery and dining
380
Star Ferries
$22
Y'mati Ferries.
70
$8,00/ 80
Chios Lights (0).......
$3
China Lights (New)... 200
$315
$37
H.K. Electrica (Old)...
$38
$30
$17
$18
a nominal cost of $3 per tahil.
$19
the register was 25,946. compared with the 1938 total of 27,607.
17:1
ant
#3811.K. Electrics New).
Macao Electrica (Old) Maceo Electrics (New) Sandakan. Light Telephones (old).....
25 Talaphones (new)...... B'pore Tractions (Ord.) Industriak
| $14.00) Cald.; Macg (Ord.) 8.
Cald., Macg. (Pret.)8.
room-bachelor or married couple
Hongkong Baily Press CLASSIFIED ADVERTISEMENTS
BUTTERICK Expert Ladies' Tallor Style Ready Made Dresses
FOR SALE.
The total number of smokers on without children-Apply 87, Marble 16, Wyndham Street.
Road, Top Floor
AUCTIONEERS
384
Til 23815.
FOR SALE
Half unit drums are charged at
funded when drums are returned.
##
ROYAL STUDIO
Art Photographer
Excellent Enlarging & Developing
HOTELS
39, Queen's Rd. C.
Tels. 21184 & 33008.
RUSSIAN CUISINE
MORE POPULAR EVERY DAY
METROPOLE HOTEL
TEA DANCES
Thursdays
Saturdays
Sundays
་་
$1.
Canton Ices.
60 eta.
$13.10
$13.10
Cements
$13
$42
HK. Ropes ..........
Miscellaneous
$17
Dairy Farms.
$5.60 Entertainments
$17
$8.20
$17
Constructions (old)...
Constructions (new)....
37.46 Lane Crawfords..........
Nanyang Tobacco... $8.10
$2.00 Binceros
#7,30/40 Watsons
$7.25
$7.40
43
Ch. G.5% 19260$Bds.
·43%
$102
Int. 195
H.K. Gort. 4% Loans
103
E.K. Govt. $% Loan
85%
309
I.K. Wing Only,
$39
to
Vibro Filing...
9'hai Wing On $14
8/0
"Maremans" "Inv. (Lon,)
410
Maramana Inv. (LK
Si: Wm. Powalls
- †Sala to Shanghai-"
$4.20
There were 4,017 prosecutions for offences in connection with chandu in the FMS last year, states the annual report of the Customs and Excise Department for. 1939.
GREATEST COLLE TON OF
BARGAINS IN TOWN! ·
it'
LAMMERTS AUCTION ROOM
Teletion* No 2424
The anes indicted totalled Lambert, Brother $1.85 $171,045, a total of which only $45,715 was paid. In addition to in- stituting prosecutions in court, ad- vantage was taken of the powers $2.10 | vested in Customs Officers for the compounding of minor offences. The number of cases compounded during the year was 661, as com- pared with 1,037 in 1938.
The PMS. Customs and Excise Department collected $36,975,75
in revenue last year, according to $1 the annual report of the depart
ment for 1939.
INSURANCES ARE
-Tha National Mutual Life Association "of: Australasia offers you the best oqudition for a fund for old ago, and “your family in case of your death. "Annuities sad aduosilomal-policies ar Also Insted. Iaware Bow. Ones :--5).
Dear Ed Central (Gia Book „Hom No. 66), Bunk of Chatag Build-
ing, Honghong
TOL NOTIATOWELLS.
A selection of the best varieties of
RELIABLE &
TESTED
FLOWER AND VEGETABLE
SEEDS
From Messrs. Suttons & Sons, Reading? Messrs. Atlee Burpee & Co... Philadelphia Mesars. Arthur Yates & Co., Ltd., Bydney
The opportunity of serving you will be a pleasure and "your commands. will have our best attention.
GRACA & CO. No. 10 Wyndham Street PO. BT 620 Hong Kong
1940 ZENITH
NEW MODELS Just arrived-:
NO AERIAL, NO
GROUND,
Just ping in and play
CHUEN YEE HONG
54 Des Voeur Road C.
AT
Jimmy's
Telephone 24311.
ENGRAVERS
FEI FEL & CO.