wi
HONGKONG DAILY PRESS
Finance and Commerce
AMENDMENT TO NEW ZEALAND POSTAGE RATE
rates of
The Governor in Counen has amended the
Class A postage as follows:-
and
1
།
U.S. PETROL EXPORT BAN
EXTENDED ACTIVITIES OF
FORD MOTOR CO.
The Right Hon Lord Perry of Stock Harvard, Chalıman of the
8 blow
the
FINANCE & GENERAL
BUILDINGS
ORDINANCE
LABOUR IN COLONY
AMENDMENT Thousands Lose Jobs
the Government Gazette pan-
ishes the draft Bill of an Ordin-In Past Few Months
ance to amend, the Bülldings, fr- dinance, 1935, "
Owing to the compulsory evacua=| tion, the suspension of several en-
This Ordinance may be cited as terprises and the drop of exports,
the dinance, 1940.
Amendment Buildings
thereat.
Or. i soma
7,000 - Chinese labourers, weavers, knitters, factory workers, laundresses, amaks,
cooks and domestic servants have been thrown out of employment during
"99"
OBJECTS AND REASONS
JAPAN HARDER HIT THAN CHINA
Paragraph (2) of the proviso to CHUNGKING, Aug. 10 (Reuter) Board of Ford Motor Company of section 85 of the Buildings Or- The destination "New Zealand-The United States ban on the England, Ltd., in his speech at dinance, 1933, is amended by the and its dependencies and the export of gasoline is not
eleventh ordinary general
the past three months in the mandated territory
of Western to China but Japan, declared an meeting of the Company in Lon-substitution of the date
for the date "1940" at the and Colony. The figure is not official Samoa" deleted bat 13 re-official of the Ministry of Com-
don, said:
but given by reliable estimates. Instated as Rate No. 2a immediate-munications in Chungking yester- In my speech of May 9 Jast
Of all the causes the suspension ly before Rate No. 3 and the rates day.
year I said: "Today, war clouds
of construction enterprises caused "31.50 for each halt qunce"
"Japan depends on America for hang over the world and at times Section 85 of the Buildings Or-caused most of the unemploy- "$0.75" are inserted in the 3rd and most of her requirements while it seems almost purposeless to dinance, 1933, as amended by Or-ment, About 1,500 women labour- 4th columns respectively opposite many cars, buses and trucks in talk of ordered and peaceful de-dinance No. 58 of 1936 is as folers who used to be employed in such destination; underneath the Free, China run with high-grade (velopment.' We meet today when lows:--
breaking stones, mixing mortar said rates across both columns the alcohol, diesel all, coal or char the nation and Commonwealth; in 85. For the purpose of sections and cleaning building are now dis- words "By air to Auckland, New|coal, all of which can be pro-association with gallant Allies, 82 and 34, re-erection inciuces charged. „Zealand" are added.
duced in large quantities in this are engaged in a grim struggle, every alteration of an existing
DOMESTIC SERVANTS country.
the issue of which will affect the building in such a manner as to The compulsory evacuation Two more oil plants will soon destinies of the entire world to make the resulting building a new caused another 800 domestic ser-
erected. Machinery has been a greater degree than any hap-building or in such a manner as vants to be unemployed, transported to the Kansu border pening in modern civilised times. to make the resulting building er The drop of 'exporta forced some to speed up the distillation of The issues at stake involve in- any part thereof an exceptional factories to curtail production and gasoline from
the dividual freedom, ta liberty of ać- building, but the erection of rein-some 700 women workers are now mineral wells there
tion and thought, the fundamen-, forced concrete stairs, roofs, lin-out of jobs. tal basis of Society upon which tels or kitchen or bathroom floors These unemployed women are has been built everything which only, in an existing building shall either living on their savings, be is most dear to all of us.
not be deemed to make such ing financed by their relatives or building an exceptional building leaving for RAPID FRANSITION
their native villages and
At the foot of Rate No. Za the following is added as a note, Viz,
The surface transport rate wil be covered by Rate No.
ANOTHER GOOD
YEAR FOR HUNAN
producing districts.
لله
trom
BANK OF FRANCE BOARD
BERLIN, Aug. 10 (Reuter) +
National effort.
Provided that:—
"1
MONDAY," AUGUST 12, 1940. -PACE 9
SAY
Gordon's
...and know what you're drinking/
DRY GIN
DISTILLERY LONDON.
NO COLOURING, MATTER -
NO
INJURIOUS INGREDIENTS
where they hope to earn their liv- NEW RATE FOR
ing.
EXCESS PROFIT
KWANGTUNG CURRENCY
STANDARD FOOD PRICES
Mr. J. Taggart, O.B.E, Cön- troller of Food, kas, with the
Lie.
With the approval of the Na-onsent of His Excellenty tional Government, the conversion Officer Administering the Govern rate
of Kwangtung small coln ment, made the following order notes to the National dollar, which regarding the standard price for was formerly fixed by the Ministry, the "following articles of food-
Powdered mik--Glaxo 2 Tbs. tin, $5 per tin; Glaxe 1 lb. tiri, The new rate will be $0.70 to $2.70 per tin,
vision, it is stated; is made for the 1b. tin $10 per tin: Star Mar- $1 Kwangtung small coin. This re- Margarine-Star Margarine, 35
enlation.
vised.
Favoured by weather conditions, another excellent harvest year is promised for Hunan as bumper Dr. Kar! Schaefer has been ap-So that we may retain what has crops are reported in practically all pointed Commissioner of the been achieved through centuries (1) In the case of an existing "manager" of evolutionary struggle, war com-building which is provided by the districts along the Tungting Lake, Bank of France and including Hwayung and Slangyin, of the Bank's board of directors,ditions have, necessitated for the owner with an open spare in the two of the most important rice stated the German official news nation # rapid transition from rear or partly in the rear and
agency yesterday.
the activities of a peace-loving partly on the side exclusively be- TAX EXPLAINED Local troops, under orders of Schaefer, who is a retired bank democracy to those of. complete longing to such bullding, equal in their commanders. are assisting president, will operate from the subordination to collective effort area to not less than one-third of
A spokesman of the Chinese the farmers in reaping the harvest, head office of the Bank of France I am glad to be able to tell you the
roofed-over area of such Ministry of Finance revealed in (Central News).
In Paris.
that our Company has played building, the
erection of rein- an interview that' excellent re- and is playing. Its full part in the forced concrete floors only shall collection of the excess profit tax of Finance at 144. has been re-
sults have been obtained in the
not > deemed to make such I am particularly pleased to re-building an exceptional building.
since its inception some time ago. port that one of our extended ac-
(2) Proviso (1) shall only be says Central News tivities, namely, the manufacture effective for a period expiring on pulous merchants, the spokesman A few uninformed and unseru- of agricultural tractors, relates to December 31, 1940. Sales Tominal the most peaceful of all enter-
2. The object of this Bill to admitted, have tried to foll the convenience of merchants in cal-garlaey unpacked, 30 cents per Ib. prises, the production of food-extend the effect of Proviso (1) this tax, instructions have been Government's plans, in enforcing While our contribution in "this"
unt. December 31, 1941. The circularised feld has been considerable, Tam Prevention of Eviction Legislation Yuan to all provincial and mun!- convinced that it will be still
cipal governments greater.
strictly to ances Nos. 5. 19 and 44 of 1839 watch out for tax dodgers.
The spokesman said that the has hindered some building owners rate of the EP.T. ranges from 10 In taking advantage of the pro- to 50 percent, which is much lower viso, so it has been considered than the rates in Great Britain,
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE,
SHAKEBROKERS' ASSOCIATION
Buyer
Beilert
Sat Nomical
SATURDAY
Buyer
Bellora
10 AUG.
$165) C.D.
8/190
$215
$345
$150
ID. £67
甲
Banks
1.K. Banks $1180C.D.
Do. (Col. Reg.)
Do. (Lon. Rag.)
Chartered Banks .......
farcantile Bka. "A".
Mercantile Bka. "C".
L+
LBT
£81
It will be of interest to you to
know that at the commencement
£1 of the last war, the use of Trac-
261,
£81
228
211
873
Bank of East Asia......
N. C. & 8. Banks...... Insurances
$73 10 ct.
3215
3345
10 eta.
$160
$80
32/0
!!!!!
Canton InsuraŃCES................ Union Insurances.......
10 cts. Underwriters
H.K. Firm
Shipping
$120 Douglasen
$11
Steamboats
$100 Indo-Chines (Prof.)..
Indo-Chines (Def.)..
Shalls
88.00 Waterboats
Docks, Wharves,
Godowns, etc.
H.K. & K. Wharves... 180
$360 Providents.
H.K. Docks (Old).....
HK. Docks (New).....
#271+Shanghai Docka......
116/0 Kailan
$9.65 Rasbs
Mining
Bets, Hong Kong Mines......
590
$1st $14
$120
810
8100
$100 32/6
$8.50
"M
$3.60
$181
$971
18/0
#!
H.K. Lande............. $30 $101
Lands, Botels and
Buildings
$3.20
H.K. & 3 Hotela...... $3.20
$304
$100 Do. 4% Debentures....
$15.
Shanghai Lands.......................'
$31
H.A. Realtian..
87
Humphreys
$701
Chinas Estates.
$364
#21
$8.36
Cotton Mills
8341 Ewo (8.)
$200 S'hai Cotton (8.)----| Zoong Sings (8.).................) Wing On Textiles (8.) $125
Pabile Utilities
$15 H.K. Tramways...... $7,30 Peak Traza (old).....
$3.70 Peak Trams (new)....
$21
Star Ferries Y'mati Ferries. China Lights (0) $3.50 Chins Lights (New)... H.K. Electrics (Ola).........)
#35 H. K. Electrica (New)...
Macao Electrics (Old)
Macao Electrics (New}} Sandakan Lights.........
Telephones (old).................
88 Telephones (new)......
S'pore Tractions (Ord.) Industrials
$14,90 Cald., Macg. (Ord.) 9.
Cald., Macg. (Pref.)S.
$17
$16
$224
$12
$1
Canton Ice...........
$18
JA+
H.K. Ropes
Cements es
ILK, Gori Longs
$94% Loan
$96 31%
$35 31%
$18
.." (1934)
(1940).
Miscellaneous
Dairy Farms.....
$8.60 Entertainments *| $1.80 Constructions (old)..........
· Constructions- {new)..........
$7.45 | Lane Crawforda.................
Nanyang Tobacco..
$2.15 Sinceres
$100
33.70
景
$36
$200
:!
$14 $15
100%.
#xt
F.15
$8.15
Watsons ..................... $7,85
35, Ch. G.5% 1925GƒBdı.
39
ZIK. Wing On
S'hai Wing Oniji... $14
Vibro Piling
Karsmanı Inv. (Lòn,)]
4/0
$1
W. Powell.
+Sale to Shanghai
Marsmans Inv. (H.K.)
$15
34
507
tors for farming was almost un- known.
(Ordinance No. 6 of 1938, Ordin-
and Ordinance No. 14 of 1940)
by
other countries.
the Executive
At the urgent request of Mr.jequitable to extend its operation France, the United States and Lloyd George in 1917; Mr. Henry for a further year. Ford completed his designs for an Agricultural
J
Tractor and LAND CULTIVATION duce social economic maladjust-
available for the National Food
thousands some
were made Campaign at that time. Since then, farmers have increasingly adopted the principle of Power Farming and our Company has.
IN KWANGTUNG.
Kwangtung, small coin notes will be freely accepted for publle and private payments at this new fix- ed rate. (Central New).
The main purpose of the tax, the spokesman explained, is to re- į
ments and to replenish the Na- At least 1,000,000 mow of the loss of Customs, salt, and con- tional treasury depleted by the present 150,000 square 1 of waste solidation taxes. There is no pos- arable land in Kwangtung will be sible reason, he said, for any body been the great ploneer in this cultivated before the end of this to oppose the new tax.
year. country. In September 1939 there
The spokesman concluded by According to a plan of the pro-stating that "all steps are being were probably 50,000-60,000 trac-vincial government, Kwangtung's taken by the authorities to edu- tors in use throughout the United rice proaction for the coming cate, the people as to the true." Kingdom.
year will be increased by at least significance of this tax. 2,500,000 piculs, so that food suff- ciency will be attained by the end of that period.
TRACTOR PRODUCTION
Our production of Fordson Tractors from July 1 1939 to April 30 last was practically 15.000 seld for use here at home whilst in addition a considerable number have been exported to various countries throughout the world.
Our activities in other direc- are "of a tions have been and varied nature. Sumice it to say. that all of the Company's vast resources have been and engaged in assisting the National effort. We are doing everything we can to maintali and increase exports which are so vital to the Country at the present tine.
are
Our Investments and organisa- . tion in overseas trade connexions, are greater than those of other British manufacturer of products like those of our Company.
In view of the incidence of 138 heavy taxation, it has been de- $30
cided to make provision, not only
$3.65/ 3.60...
104
::
#!
***
832
for the legal sum payable in 1939. in respect of income tax, but for all Taxation which is likely to be. $8.30 assessed in respect of profits earn- ed, up to the end of 1939. Conse- quently you will observe reserves for taxation amounting £1,074,883,
50 ota,
፧
$95
$181
FUND PROVIDED
41
Although most of the
For cultivation and irrigation cultivators at different parts of expenses, the finance department the province, where farming sta- of the provincial government will tions will be established to give extend credits free of interest to advice., says Central News.
SHOE CO.LTD.
HONGKONG
SUFFLIES ALL
KINDS OF FOOTWEAR
FOOD SITUATION
IN CHINA
CHUNGKING, Aug (Reuter)
H.K. STOCK EXCHANGE
Saturday, Aug. 10. Market continues very quiet.
BUYERS
Hotels, $3.05. Lands, $30.50,
MALES
Lands, $30.50.-
Vegetable lard—Purico, „30 lb.
Purico, tins, $6.75 per' tin; 1acked 25 cents per lb...
amends the The above order standard price fixed by Goveris- ment Notification. No. 880 in the Gazette of Aug, 2, 1940, for the article of food mentioned.
HONGKONG
SHAREBROKERS
ASSOCIATION Volume of Busluess Transacted on Saturday, August 10,
$3.60 China Providents 500
The total value is $1,800.00.
The People's Dye Manfactory, under the auspices of the Kiangsi, A Reuter message from London Provincial Government, have per- states that freight rates for G-fected a process to make indigo. man constal shipping have been from native grown plants, 'The in- increased by five per cent, The digo, made by this process com- Frankfurter Zeitung admits the pares favourably with foreign im increase was necessary owing to ported powder, it is claimed, says
the rise in insurance rates.
Hongkong Daily Press CLASSIFIED ADVERTISEMENTS
FOR SALE
The National Food Administra-A selection of the best varieties of
tion, created in Chungking this
month with 380 milion dollars at RELIABLE & TESTED
its disposal will make a survey Com-of the food situation in the coun-
pany's personnel is engaged in try. with special attention to mar work of national importance, a ket conditions. considerable number have 'Joined"
Mr. Lu Tso-fu. Vice-Minister of
His Majesty's Forces and arrange. Communications, heads the new ments have been made to "assist administration
-$4.20 their dependents where the need
$1.85
exists and to provide a Fund ont of which any widows or orphans may be helped.
*$1.05 In conculsion I wish to thank my colleagues and staff for their. 25% work and support during the past
year, “
130
NEW INDUSTRY
IN COLONY
A new Industry manufacturing hydrochloric acid, organised and Ananced by a Chinese company
I now formally move that the with a capital of $100,000, was Directors' report and statement of open recently in the Colony, accounts for the year 1939 be
Most workers of this new fac
adopted and that a dividend of 6tory are Chinese from Shanghai.
per cent, less income tax, be pald
It is expected that the products will be on the market shortly
FLOWER AND VEGETABLE
SEEDS
From
Messrs Buttons & Sons, Beading. Messrs. Atlee Burpee & Co.,
Philadelphia'a Messra Arthur Tates & 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 F. O, Box 620 Hong Kong.
--Central New...
# R 癖富
ROYAL STUDIO
Art Photographer
Excellent Enlarging & Developing
HOTELS
39, Queen's Rd. C.“
Tels. 21184 & 33008.
RUSSIAN CUISINE
MORE POPULAR EVERY DAY
METROPOLE HOTEL
- AUCTIONEERI
GREVELST GUESS CRÒN Đ
BARGAINS IN TOWN!
LAMMERUS VULLION KOM Saumaug Me the
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Jimmy's
TEA DANCES Tuesdays
Thursdays
Saturdays
Sundays
to 7.30p.m.
“ENGRAVERN
FEI FEI & CO. Photo Engravers 18, Cochrane Street.
Telephone No. 22224,
INSURANCES
The National Mutual Life Association of Australanku offer you the best conditions for a fund for old ag Rod your family in cans of your dauth Annuities and edgćastopal policies are, Po mediamora non. On 18 De Y EL Cantrid (5th door Boom No. 66), Bank of Canton Build. log, Hongkong
Tel. No. 17479,USE HAB, WELLS.