".
HONGKONG DAILY PRESS
"BATTLE FOR ENGLAND"
Britain Braced Up For
Hitler's Worst
LONDON-LIKE A DETACHED AUDIENCE WATCHING WITH INTENT BUT · ACADEMIC INTEREST THE INEXORABLE CON- TINUITY OF A GREEK TRAGEDY, the people of Great Britain have watched the entlapse of Poland, Denmark, Holland, Belgium and France and even now when the play" is spinning down through the final act they do not seem to consider the possibility that the forces In the tragedy might also apply to themselves, writes James B. Res- ton
Η
સ
FINANCE & GENERAL
Finance and Commerce
H.K. ELECTRIC PAY INTERIM
DIVIDEND
It was annouriced by Messrs. Gibb. Livingston & Co. Ltd., the Agents of the Hongkong Electric Co., Ltd.. that following a meeting of the Board of Directors yesterday morning an Interim Dividend of $1 per share was declared in res- pect of the half year ended June 30. 1940, on 600,000 Old Shares.
HONGKONG SHARE
STOCK EXCHANGE,
Buyer Busters
THE ENGLISHMAN'S CONFI-¡should be given some kind of fire DENCE IS BOUNDLESS. As the arm and that as in days of old battle for his homeland starts it this mob-army, should be turned matches his patience and defies alf loose on the enemy If he attempts
This dividend will be payable $350 logic, and if as many believe, I to land. has reduced him to his present Those who suggest this would on and atter Wednesday, Septem- cannot help get around the nation's shortage ber 11, 1940, to those shareholders" thinking that since it has survive or arms by arming men with hand whose names appear in the Regis-
state, at least One
the Battle for France perhaps it will survive the Battle for Britain,
THINKING PEOPLE
The British are not tools und the thinking people. of this coun- try knew as well as anybody else what a terrific blow the collapse of France was, but in their eager ness not to show their disappoint ment everybody has felt this duty to search out"some good ar- gument to minimize the present "tragedy
The British
have a
this surt, of thing
the war they have
grenades which can be manufac tured by the hundreds of thou- sands a hurry. The Daily Ex- press wants a hand grenade dump at every village pump." but though the thought of such an army tends to frighten the General Staff here more than an "invasion by the Germans the movement definitely Indicates that apathy 'only extends to one section of the population.
FUTURE ATTITUDE
It is perhaps significant and genius tur prophetic of the future attitude of fire that through the Englishman under managed to this drive for mob action against find something good in everything. the Germans has been most popu- the East Coast of the When Poland collapsed they point-lar along ed out that at least Germany was country, where most German raids not as strong as before. When have been carried out so far. Here Holland stopped fighting they said people spent almost as much time "It was a good thing because it in shelters this week as in bed prevented the Aillea from attempt-It is hard to be apathetle about
that. Ing a desperate adventure...
When Norway went down they said. "Look how many planes the Nazis lost in the campaign," and when the Low Countries were conquered they said Germany had taken on a hostile people they would never be able to feed and who would contribute to the defeat of Hitler and his regime in the end.
All over this section and else- where In the country. too, people
If
at the ter of Members
close of business on Saturday, August 31, 1940.
H.K. STOCK EXCHANGE
Thursday. Aug. 1.
The market is off the boll, Hittle trade has been reported today and listlessness replaces the burst of enquiries with which the week was ushered in...
SALES
H.K. Banks. $1.220. Cements: $15. Electrics "N" $36.
HONGKONG
SHAREBROKERS
ASSOCIATION
Volume of Business Transacted en Thursday, Aug. 1, 1940...
50 36.00
åre beginning to act very much as
they already were besieged. H.K. Electrics (N)
one H.K. Lands Down in Kent, for example, hears about people filling old wine bottles with gasoline, paraffin and tar, fusing them with firecrackers, These crude homemade bombs--V. Sackville West calls them "Molo-
who
15
40 cta.
Baden oppio
QUOTATIONS
SHAREBROKERS' ASSOCIATION THURSDAY 1. | Buyer
AUG
Banks
H.K. Banks.
Do. (Col. Reg.) .....
8100.K. Fires.
Shipping
Basiera
Wom!
$1290 J.D. 288
#1
FRIDAY, AUGUST 2, 1940. —PAGE
SAY
Gordon's
..and know what you're drinking/
GORDONS
DRY GIN
DISTILLERY LONDON.
C.D. $1230
X.D. £68
Reb
£7
£28
Do. (Lon Reg.) Chartered Banks...... Mercantile Bks. "A".
£11
Mercantile ks. "C".
$73
Thank of East Asia.....
N. C. & S. Banks...... Insurances
€73 50 ct
Canton Insurance....... Union Insuranets Underwriters
$215
#350
20 cts
8:60
$120
$10
$100
8100
33/1
$6.90
NO COLOURING matter
980
$4 84
$16
$168
$28
18/0
$120 | Douglasen
811
Steamboats
$100 Indo-Chinas (Pref...
$80 Indo-Chinns (Def.).
33/1
Shells
$6.00 Waterhouts
700
54
Docks, Wharves,
Godowns, etc.
ILK, & K. Wharves.. Providents.... 81640 HK, Docka (Old).............
H.K. Docks (Now).....) $27+Shanghai Docks......
$16
10/0 Kailans
$0.56 Ratbe
Mining
5 cta. Hong Kong Minas......
་་་
Lands, Botels and
Bulidings
#3)
H.K. & S. Hotels..
#3
333
H.K, Lands.........
833
$100 Do. 4% Debentures.
$100
10.10 Shanghai Lands...-
$34
.K. Ronltios.
$3.75
87
$6.75
Humphreys
101) Chinese Estates..
$35
Cotton Mills,
Ewo (8.)
$200 S'hai Cottons (S)....
$35 #200
Zoung Sings (8.).......
Wing On Textiles (9.) 8125
Public Utilities
$18
200 32.50
H.K. Tramways..................... | $1.40 Peak Trams (old)..... $370 Peak Trams (new)....
$15.00
$4
250.
857Star Ferries... $21
$57
I'mati Ferria.
831
The total value is, $8,300.00
**1
$3.85
China Lights (0)... China Lights (New)...
86.75
$3.25
$37,20 H. K, Kisetrics (Old)...
8371
$36
UK. "Electrice Now)....
$381
#17
Macao Electrica (Old)
816
Macao Electrics (New),
$
Sandakan Lights....................
822)
Telephones (old)...................
$22.00
teft cocktails"-will presumably heavy which proved in recent days used against any parachute troops that it can if necessary take its
attempt to land in the
chances with bombers, but just the same the men and machines of this country must be fed these seas and this again is no
NOTHING APATHETIC
ISLAND DEFENCE. Now their explanations are vicinity. equally illogical and " picturesque. ¡ It was bad, they admitted, but at least now they could concentrate on their own island and would not have to spr their forces
acrox
No, there is certainly nothing.
test and most powerful air and apathetic about the makers of easy task in the face of the strane-
these bombs or about the farmers submarine fleet in the world.
ho are telling trees" and digging their meadows" to detena ditches across
German mure prevent
troop-carrying
NOT are
ATTACK ON AIRPORTS
It is perhaps significant, how-
British lighter planes, they truly pointed out, were built to this island and they were effective here than anywhere else. planes from landing.. And best of all-one heard this others likely to be apathetic when ever, that Killer did not open the everywhere--they rejoiced that now the present active' British Govern- Battle for Britain against the Navy catches up with the mis- but against the Royal Air Force. all British troops would be back ment home where they could work as takes or its predecessors and gets As in Poland, the Low Countries solid unbeatable army On the machinery speeded up to the point and France, his first objective was simple task of the defending of the where it can offer jobs of national to try to destroy his opponent's island:
import to thousands of able bodied planes before they got off young men who are willing to ground. so he took a crack at the serve but who, for lack of a speel. airports in East England. Uc lead, don't know what to do
MORE THAN CHEER
It is not only that the British are trying to cheer one another up, either. Many of them sincerely have set their minds on these half truths and lull themselves into a state of complacency by repeating them. They want, in fact they al- most insist. on believing the best and no matter what Prime Minis- Alfred Duff ter Churchill cr Cooper or the editorial writers say they keep on feeling that every thing is going be all right.
The chief weaknesses of this country in the present and perhaps the decisive battle of the war. are a bad start and the general Insufficiency of everything. The nation has quality of men and machines but it has not quantity In anything
THE FIGHTING ODDS
It is a nation of 48,000,000 fight- This is at once a strength and a ling one of 80,000,000. Its alreraft weakness. It is a strength because in the past has been fighting at. they do not get hysterical or odds of 1 to 4 and there is no as panicky and waste a lot of nervous surance that even this averagr will not get less favourable. Its
an impor
come.
J
the
immediately This was followed by an attack on aircraft factories. which are likely to be his targets for weeks to come., His strategy here is fundamental. He hopes first to reduce the R. A. F. fighters on the ground and. If possible. tu cut off their plane supply at the source in order, with unchallenged air superiority, to take on the Brt- tish Army on its own soil.
withstand If Britain is to Germany in this war of indus-. try, parachute troops, sabotage and blockade she must prove she is able to rebound quickly from surprise attacks.
If an aircraft factory la bombea energy worrying about invasion bomb production too:
she must, by improvisation, in- and bombing before they In a way this is a strength, too, tant item in these days and nights genuity, hard work and imagina- because as a whole they do hot of reprisals, azain is below the tion, get that factory_going_again in a harry. If a railroad Junction really understand the seriousness enemy's.
But it has, of course, its strengtas bombed she must act quickly to of their strategic position or the comparative weakness of their Hitler may be a miracle man but restore it, equipment, but at the same time it he has not yet mastered the ele is a great weakness because hun-ments. He cannot turn water into dreds of thousands of them simply land and so long as Britain. has s have not got excited enough about big moat around her fortress she
has great advantage in the country's danger to do any
coming struggle. thing to help her.
This attitude in general can be traced back to the inherent bellef that somehow they will win: America or Russ a will or Hitler won't be come in able to get across the Channel, they figure, or, as one respon- sible journal suggested, the Germans may even decide how that they have beaten France to tur, East against the Bal- kans or Russia instead of at- tacking England.
the
The German Fuehrer can bring this country to its kneex in three main ways. He can bomb her out, starve her cut
or drive her out by invasion, but so long as that moat re- mains the last is going to be difficaft,
HELP AND INDRANCE
WHEN TEST COMES
So far in this war she has been weak rather than strong on the scare af fast, imaginative work,
i
Telaphones (new).......| $8,30 | S'pore Tractions/Ord.) Industrials
NO INJURIOUS INGREDIENTS
RUSSO - AMERICAN TRADE AGREEMENT
MOSCOW. Aug. 1 (Reuter)~~Mr. Thurston.
American Charge d'Affaires, saw the Foreign Trade Commissar. M. Mikoyan, yesterday, It is understood that the visit was in connexion with the Musso- American Trade Agreement which is due to expire on August 6.
The Agreement, signed in 1937. has peen renewed every yeur sinca
SILVER MARKET
LONDON SILVER
London, July 31 (Reuter).
INDUSTRIALIST TO
TOUR SOUTH-WEST
CHUNGKING, Ang. 1 (Central- Mr. Tan Kah-kee, prominent Chin- ese Industrialist in Singapore, who returned here recently after an ex- tensive tour of the North-west, has. left Chungking for Kunming by plane to tour the South-west,
h
He was seen off at the aerodrome by Mr. Chen Pu-lel, representing Generalissimo Chiang Kai-shek, Dr. Chu Chia-hua, Director of the Organisation Board of the Kuomin- tang, and other prominent officials. From Kunming he will proceed to Kwangsi, Hunan, Kwelchow..
Silver Speculators sold. Sup-Klangsi, Fukien and Kwangtang port poor. Business small. Mar- and will return to Singapore after ket quiet. In the afternoon the the tour.
Spot, 22-3/8d.
Forward, 22-1/16d. ·
BOMBAY SILVER
Bombay, July 31 (Reuter)
Market Quiet but steady. Off- take 25 bars.
RESERVE BANK OF INDIA STATEMENT
Calcutta, July 31 (Reuter).
July 19 July 26
Notes in circulation
[including
Notes
market was idle."
$14.90 Cald., Macg. (Ord.) S.
$12
Cald., Macg. (Pref.)S.
.81
Canton Ices......
50 ats.
Indian Mint Silver
815
Cements
$157
Ready
62-13
84)
II.K. Ropes......
Aug. 28 Settlement
62-12
'H.E. Gari Loans
Sept. 25 Settlement
$89
Xint, 4% Loan
1024.
$06 (34% #(1934).
$95
MI
895 31%
... (1940).. Miscellaneous
$18 Dairy Farma.
$6.80 Entertainments
$1.60 Constructions (old).... Constructions (new)....
$7.45 Lane Crawfords".
$1
11
$184
$8.90 $1.86
held in the Bank-
4,441
4.441
Provisions Control
Bureau
ing Department)... 25,471 26,378. Rupee Coin and Bul-
lion in India ...... 2,920 3,827 Gold Coin and Bul-
lion in India Securitics (Indian
Government) Securities !(British
Government)
4,959 4,059
13,150 13,150
CHUNGKING; Aug. 1 (Central)---- The Executive Yuan yesterday ap- pointed Mr. Lu Tso-fu "director of STOCK EXCHANGE
LONDON, Aug. 1 (Reuter)-The the National Provisions Control Bureau and Dr. Franklin L. Ho, Mr Stock Exchange after early irre- 36. Hsiung Chung-tao and Mr. Ho Pel-gularity became firmer.
heng vice-directors,
Kiffrs benefited from late Cape
The Yuan instructed the Minis-, support and Oils recovered much Japanese tries of Finance and Economic Af-of yesterday's losses.
two points fairs to jointly make preparations Bonds were about for the establishment of the Szech-lower.
Wall Street was steady. Wan-Slkong Development Co. Ltd.
Nanyang Tobacco...
$3.30
$2.15
FL
Sinceres
$2.00
$8.85
WALLS
98.56
25
Ch. G.5% 1925G5Bds.
$39
3.K. Wing On
$39
B'hai Wing On
£14
18
4/0
Viaro Piling...
8/1Marsmans Inv. (Lon.)
Marsmane Inv. (H.K.)
Wm., Powells.
+Sale to Shanghai
Aata
SHOE CO. LTD
HONGKONG SUPPLIES ALL
KINDS OF FOOTWEAR
Hongkong Daily Press CLASSIFIED ADVERTISEMENTS
# # * 富 ROYAL STUDIO
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Excellent Enlarging & Developing
39, Queen's Rd, C.
Tels. 41184 & 33008.
Air Mail To
but it will be necessary if she has Near East
vila:
(Reuter
to keep her industries and war organization going.
What cannot be determined yet Letters from Home enn
LONDON, Aug. 1
FOR SALE
now be A selection of the best varieties of
FLOWER AND VEGETABLE SEEDS
is the way the people of this coun- sent by air mall to the Near East, RELIABLE & TESTED try are going to act when those India, China and Australia. They by steamship to South large-scale bombings come... The [are sent people along the East Coast were Africa, thence by the New Empire magnificent in upstanding to the route around the Indian Ocean. initial tests. They went into caves The rate is 1-3 per half-ounce along the cliffs and dugouts for and 7a for postcards." as much as four hours: they took..
As Mr. Churchill "pointed out in their teapots along with them. the Commons, though it would pot they mande. tea and they sang
be difficult for the Germans to land 10,000 men somewhere ou "PEOPLE'S WAR" SUGGESTED
Britain's long coastline it would This is not to say, however, that take 250 ships for him to trans- all the people of this country are Port five divisions-a figure merely sitting around waiting for Prime Minister seemed to believe
would be necessary to form a for victory to come to them: As matter of fact only in the past midable fortel
B
few days' a lot of people have been
:
the
But while the sea is a great nep suggesting this should be turned to Britain it is also a great hin-
bas Mr. Churchill into a people's war, that every drance. able-bodied man in the country.superb navy at his command, a
A
conga.
When they found out that the Germans were after their factories some men on their own initiative started shutter- Ing windows with steel and manning machine-gun posts on their own time. If that spirit spreads as the attack increases the conquest of this island kingdom will not be easy for Adolf Hitler.
PACIFIC AIR SERVICE MELBOURNE, Aug. 1 (Reuter)-- The Commonwealth Air Minister. Mr. J. V. Fairbairn, announced that linking with the Pan-Ameri- can Clipper service from the United States, a special plane will leave Auckland tomorrow for Tasmania,
This step is being taken pending. the receipt of the British Govern- ment's reply to certain proposals put forward at a conference of New Zealand representatives.
From Messrs. Suttons & Sons, Reading. Mesars. Atlee Burpee & Co., Philadelphia Messrs. Arthur Yates &, Co., Ltd.. Sydney
The opportunity of serving you will be a pleasure and your commands will have our best attention.
GRACA & CO.
No. 10 Wyndham Street P. O. Box 620 Hong Kong.
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The National Mutual Lifs Association of Australasia offer you the bott conditions for a fund for old age, and your family in case of your death. Annuities and educational policies are Also Larded. Insure' now, Ofice :---6, Des Voeux Rd. Central (5th floor Boom No. 66) Bank of Canton Build- fog, Hongkong.
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