HONGKONG DAILY PRESS
U.S. DEFENCE OF P.I.
IN WARTIME IS
AFFIRMED
WASHINGTON, Sept. 7-Congressional expectations that the United States would defend the Philippines in event of war were reaffirmed by the House of Representatives last night coinciden- tal to disclosures by State Secretary. Cordell Hall that the United States has sent representations to Japan to respect the status quo of French Indo-China and the Dutch East Indles in addition to his public statement regarding these areas last Wednesday, Hull evaded direct questions pines. The action came after Re- regarding the representations but presentative Bruce Barton said he said he would not be rurprised understood from 'reliable military "a number of peaceful govern-Sources that the United States was ments" had done so. He said he not contemplating defending the understood that France had not Philippines in the event of war. agreed to some proposals which Representative James W. Wads- Would disturb the status quo of worth, Republican, of New York, Indo-China,
attacked the amendment, asserting Congress simultaneously com-that "It is extremely unwise to pleted action on the $5,251,486,392 | announce" that the United States" national defense appropriations would not defend the Philippines. bill releasing funds for purchase Banning of conscript soldiers be- of 18,421 war-planes, to start eaning sent there, he declared, would struction of a two-ocean navy and constitute such an announcement. to establish a mechanized army of Barton, however, asserted that it 1,200,000 men,
I would be bluff to pretend that the de- United States contemplated fense of the Islands when actually this country meant to do other- wise. He said such a policy would. involve the United States in war.
$14,250,000,000 Outlay. The measure made total defense appropriations and contract au- thorizations for the fiscal year ap
*
FINANCE & GENERAL
Finance and Commerce
H.K. STOCK
EXCHANGE
BRITAIN TO HAVE MARKET REPORT
SCIENCE G.H.Q. LONDON, Oct. 3 (Reuter) Buyers absorbed... offering at Britain is to have a science head- to co-ordinate and lower rates with the market clos-quarters
stimulate researches and ing uncertain.
dila. coveries of scientific workers in | all spheres.
BUYERS
Providents, $4,20. Trams, $15.05. Yauma Ferries, $22.50. Electrics (N), $37,50. Telephones (0), $22.50.
"SELLERS Providents, $410. Hotels, $3.50. Trams, $16...
Telephones (N), $10. Cements, $16": Vibro Filing, $8.
SALES
Providents, $4:30/33. Lands, $30.85.
Yaumati Ferries, $22.75. China Lights (N), $6.60." Electrics (0),~$37.25. Telephones" (0)," "$23. Cements, $15.50. Ropes, $5.80.
;
FROM BOZA BROS.
Thursday, Oct. 3. The price for Ready Silver was unchanged yesterday at 23.7/16 but the Forward rate rose 1/18 to 23.7/16. Silver advices reported Spéculators as having bought to
#
small extent. The market was
was quoted at 343/4 for Spot. steady but quiet, American Silver
The personnel consist of inter nationally known scientific inves- tigators like Sir William Bross Dr. E F, Appleton, Sir Edward
The London-New York cross-rate Mellanby, Sir Edin Butler, Pro- fessor A. V. Hill and Professor A. was quoted at 402.1/3. New York-
London, was quoted at 403.1/2.. G. Egerton.
MARKET
ร่
will The Chairman
be Lord Hankey, who
convey the fruits of the new body's labourA directly to the Lord Chancellor.
HONGKONG
SHAREBROKERS
ASSOCIATION Volume of Business Transacted on Thursday, Oct. 3, 1948. SALES
200 $,8.80 500 4.35 4.30 4.35 6:60
A.S. Watsons China Providents
Railway Agreement china Lights (N)
LONDON, Oct. (Reuter
the
500 500 500
500 **** 6.60 200 30.85
100
1:00 100 23.00 500 23.00 100 22.75
30.85
15.85
3,800
Representative Charles I. Faddis, proximately $10,125,000. This how- ever, does not include the $4.125.- Democrat of Pennsylvania, also 000,000 naval expansion bill passed opposed Barton's proposal, assert- earlier by congress
ng that although the Philippines Representative Charles Kramer, quite possibly are indefensible, it Democrat of California, introduced was against public policy to ex-Negotiations which have been tak-HK. Lands
ing place in Berlin between a resolution requesting President clude them from defense.
Minister of Transport H.K. Tramways Roosevelt to negotiate with Mexico for naval and air bases in lower
and representatives of the Soviet HK. Telephones (0) "California. He asserted that many Representative Frank B. Keefe, Commissariat for Transport have
favourable sites "might be avail- Republican of Wisconsin, quoted resulted in the conclusion. able to a country hostile to the Chier of Stan General George C. final railway agreement between United States. Fleeta ostensibly (Marshall's testimony declaring the two countries, according to
United States defense the official German News Agency. The total value is $41,755.00. fishing actually are auxiliaries of that the
NOT INCLUDED BY MARSHALL German
a foreign navy taking advantage preparations concerned primarily of landing facilities in lower Call-hemispheric defense. He sald Mar-" tornia."
shall had not included the Phillp- pines.
TOO PREMATURE
(Simultaneously,
an
**
',
of a Yaumati Ferries.
HONGKONG SHARE QUOTATIONS
The house by a vote of 161 to 47 Mexico City the foreign defeated (In
amendment to the STOCK EXCHANGE, office said it was premature to compulsory conscription bill mak- comment on the Kramer resolutioning those aged 21 to 31 years sub- but some administration quasters ject to draft, and then by a voice opined that it would not be wel-vote rejected amendments raising comed. One spokesman, jokingly the age limit to 55. The house asked: "Does it provide we get version of the bill is that those 50 destroyers?"
from 21 to 45 years of age will be whereas the Rushville, subject to draft, In GOP Candidate for the Presidency senate approved, an age limit of Wendell Willkle attacked the from 21 to 31 years.
destroyer Earlier in the day Fresident deal as "the most dictatorial and Roosevelt at his press conference urbitrary action of any President urged speedy passage of the men- in history.")
sure. Inferentially he opposed the The house subcommittee also amendment introduced by Hamil- Fish (Republican of New Instructed the navy department to ton prepare legislation authorizing York) and adopted yesterday de- construction of a "$7,500,000 dry laying the draft for 80 days until dock in the Atlantic area of thejan attempt at voluntary exlist- Panama Canal, possibly on a leas-ment of 400,000 men has been at- ed base such as Jamaica.
United
States-British
DEFENSE BLUFF CHARGED
tempted.
Mr. Roosevelt said "tempus fugit" when questioned regarding
The house defeated by voice vote the conscription" measure, the ex-
SHARYBROKERS' ASSOCIATION
N. C. & 9. Banka.....
Insurances
M
$200 Canton insurances... $400 Union Insurancssion Underwriters
Basry
Beliatt
#
Quiet
STERLING
Some business was done during the course of the morning at 1/3 for near delivary, The market. closed at lunch time with," sellers October/December. HG 1{23}{3% buyers at 1/3 for Cash.
́U, 8. DOLLARS Opened with sellers at 23.11/16, buyers bidding 233/4- Subse quently the market eased Of and business was reported at 23, 9/16 for near and also 23,1/2 for near. The market closed at 1 p.m. with sellers at 23.1/18 for near and 23.1/2 November, small buyers at 23.1/2 for Cash and 23 9/10 November.
SHANGHAI DOLLARS
Quiet. Opened with sellers at 424.1/4 with some business done
FRIDAY, OCTOBER 4, 1940. —PAGE
SAY
Gordon's
...and know what you're drinking/
GORDONS
DRY GIN
DESTELLERY LONDON.
NO COLOURING MATTER
NO INJURIOUS INGREDIENTS
British Mission To South America
LONDON, Oct. 3 (Reuter)
at 424.1/2. The market closed slight modification in the person- lunch time with sellers at 424 for Spot, .
SHANGHAI MARKET Opened with sellers of Sterias at 3.33/64 and closed at 3.17/32 for Spot. US. Dollars opened with sellers at 5.1/2 The highest rate reported was 5.19/32 At the close It was easier at 5.17/32 for Spot. AFTERNOON MARKET The market was quiet in
Ball afternoon.
197
STERLING
Was
the
nel of the British Economic and Diplomatic Mission which is going to South America under the chair- manship of Lord Willingdon is just announced
Sir Harry Chilton, who has been ambassador to the Argentine and Chile, will replace Sir Horace Rumbold who is prevented by pri vate reasons from accompanying the Mission,
Admiral Sir Cyril Puller joins the Mission as an additional mem reported.ber.
No business The market closed with sellers October/December, Lat. 1/2.31/32
Bayer
Sellers
Sales Поміня
THURSDAY 3 OCT.
Banks
$1305
$1305 H.K. Banks £71
£71
Do. Col. Reg.)
£65+
Do. (Lon. Reg.)....
£60
buyers at 1/3 for Cash,
£子
Chartered Banks
127 Mercantils Eka, "A".
£27
211
Mercantile Bk. "C".
£11
U. 8. DOLLARS Nothing doing.
879
Bank of East Asia...
50 ct.
There were sellers at 23.7/16 for near and 23.1/2 November, buyers probably at 23.1/2 for Cash:
$190
$400
$180
$120
$100
$100
·35/0
$6.90
$91
$4.30
$164
$16
4344
13/0
an amendment to prohibit service cess profits tax and the $5,000,- $4.20 $4.49
of conscript soldiers in the Philip- 000.000 defense appropriations bill.
S'HAI LIVING ·
STANDARD IS LOWERED IN 1940
The standard of
living of
ANOTHER MADRAS
CONTRIBUTION
MADHAY, Oct. 3 (Reuter) - A further £15,000 has been cabled
:::
to the Air Ministry from the Gav- #304 ernor's War Fund, bringing the total contributions from this source to R247,000.
Exports of Canadian wheat flour during the first seven months of
'workers' familles this year has been lowered considerably. more -this year than in 1936, according to a report issued by the Shanghai Municipal Council, following re- quests for an Indication of what 1940 the earnings of workers should be at present, reports the North Ching Daily NewsGA
Future earnings, it was stated, will vary from month to month according to the cost of living.
and employers desirous of obtain-
$1 H.K.. Firal...........
Shipping
$120 DouglaseS
$11 Steamboats
8100 Indo-Chinas [Prof.)...
€30 Indo-Chinas (Def.)
35/0
Shella
$6.90 Waterboats .....
Godowns, etc..
Docks, Wharves,
#91
H.K. & K. Wharves... Providents...
$164 H.K. Docka (Old)...........
#161
H.K. Docks (New).....
#341 | +8hanghai Docks.
:0/0
$0+
Kailana
Raabo
Mining
cta. Hong Kong Mines...
Buildings
Lands, Hotels and
#34
H.K. & B., Kotala........
$34
$30.86)
H.K, Lands $30.50)
830.901.85
$100 Do. 4% Debentures....
$100
Shanghai Lands........
$3.60 H.K. Realties..
#ai
172
totalled 4,085.870 barrels valued at $16.173,935 compared 81565 | $16
2,825,675 barrels worth with $7,849,129 in the corresponding period of 1939.
#224 $81
338
རྟ༣ གྱི་རྡི།;
$7.40 Pask Trams (old)....
$221
$18.06
38
$4.
$59
SHANGHAI DOLLARS
CONTROL OF RAW MATERIALS IN NORTH CHINA
PEIFING, Oct. 3 (Reuter) According to the Taoshimpo, the local Japanese newspaper, reputed
"organ," to be the "official Army new regulations have been issued by the Japariest in North China to tighten the control of raw ma- terials, cotton, flax, animal hair, hides, skins and furs and a special Army unit of the Shimizu entrusted with the control will acquire ma- terials at prices fixed by the Jap- anese Army and have the right to of Irrespective visit godowns,
Sellers at 423.1/2, buyers at 424, nationality, including foreign con
RHANGHAI MARKET
cessions. Closed with sellers of Sterling at 3.17/32 for Spot and Dollars at 617/32 for Spot,
Raw materials, not considered U. 8. war supplies, will be granted cer- tificates permitting their removal.
PRE-PAID ADVERTISEMENTS.
The following clames of advertisements are charged at the price given below i'-- SITUATIONS VACANT. ", HOUSES AND APARTMENTS
HOUSES AND APARTMENTS TO BE LET. MISCELLANEOUS WANTS.
Announcements not exceeding 25 Words are inserted under this heading at a Fre-paid
If Charges collected, $2.00, Rate of $1.50 for THREE INSERTIONS.
WANTED
APARTMENTS TO LET
TWO large unfurnished rooms with modern bathrooms, Eitchen, servants' room, small garden, near Barker Rd, tram station. Apply Box 527 c/o Hong Kong Dally Press.
HOTELS
RUSSIAN CUISINE
MORE POPULAR EVERY DAY
METROPOLE HOTEL
TEA DANCES Tuesdays
Thursdays
Saturdays
Sundays
5 to 1.38 p.m.
$7.10 Humphreys
$101 Chinme Estates.
Cotton Mills.
$43) Ewo (8.)
#181 S'bai Cottons (8.).....
Zoong Singa (8.).......
Wing On Textiles (8.))
Public Utilities
H.K. Tramwaya.....................) $16,55
$3.70 Peak Trams (new)....{
$594 Star Ferries..
$4,60
$39
I'mati Ferries: di
China Lighta (0)..... $680.
China Lights (Nsw).
H, K. Electrics (01a
838
H. K. Electric(New)... $372
Macag Electrics (Old))
"Canada's exports of newsprint
ing information on the subject paper recorded a substantial in- should consult the Industrial crease in June, when the total was
Section of the Council..
THE REPORT
***
$17
$16
Macad Electrics (New);
[8.413,093 cwt valued at $15,168,-
$11
Sandakan Lights
$23
194, as compared with
4,893,105
Telephones (old)..
$10
Telephones (new)...]
cwb valued at $10.681.411 in June
The report of the Counen 1939.
B'pore Tractions (Ord.)
Industrials
$14.99 Cald., Maeg. (Ord.) 8.
12 Cald., Macg. (Pref.)8.]
Canton Ico...
H.K. Eopes
H.K. Govt. Loans
Cementi
$1
$16
$0.10
earnings from peddling, etc. In
299
4% Loan
$95%*
(1994)
895
11%.
$18
Dairy Farms.
Entertainmenta
$1
(1040).
Miscellaneous
states:
"Requests have been made to
the Council that an indication be
given of what workers earnings Port from relatives and triends,
should be at present. By earnings familles studied, an average of is meant wages together with allowances of all kinds In order 202 persons worked.
to comply with this request, ac- PROOF OF LOWERING"
count must be taken both of what i
study reveals to be the situation "It is generally recognized that $6.60
1040 with regard to family Incomes, the standard of living in and of present enst of living. Uf among workers fumities has been the total income of the average lowered as compared with 1938. Shanghai worker's family of 4.82 To maintain the same standard es persons, 533 per cent. has been in 1938, the principal breadwinner found by investigation to be the would have, in August 1940, to earnings of the husband, and 34 arti $57.48 and the other wage per cent those of others of the earners in the family $36.50, mak family, making income from wage-ing total, family earnings from earning totalling 87.3 per cent wages and allowances amounting The remaining 12.7 per cent. Ja to $94.14. In the majority of found to come from income from occupations, this standard of re- sub-lettmy gifts, financial sup muneration has not been reached.
· #1,80 |"Constructions (old)............ Constructions (new)...
$7.40 Lane Crawfords..........
Nanyang Tobacco....... $2.16 8incerce
88.80 Watsons
38 06.01.31250$Bda.
$39
HLX Wing On
B'hai Wing Cha
Vibro Pling
Mársmens. Inv. (Lon.)
2/9 Marimans Inv. (HE.)
11wym Fowall
Bale to Shanghai
8/9
WANTED KNOWN
STEWARD required for European Clab must speak and write Eng- Hish. Capable of supervising Staff and keeping books. Cash security required. Salary approx. 300 per month according to experience. Send particulars of address, etc., Apply stating qualifications with to Box 502, HKDP..
testimonials to Box 528 c/o Hong Kong Dafly Press.
ORDERS TAKEN for hand-made $141 $200
sweaters, Ladies'. jumpers, Bables' outfits. etc., at $5.00 each for $135 workmanship.
Wral and model desired, to be supplied by customer.
This "WE" "have an outstand- $6.60 ing assortment of latest American dresses for all occasions and price to suit all purses Call at "Vanity Shop" (Lazarus) Pedder Street
(834)
310
F
#154
₤100*** $96
5.79
ད་ 1
318
Experienced Book-keeper Wants Students to form a class. Guaran tee students to keep a whole set of books after completion of a course of 6 months. For Term and Par- ticulars. Please Apply to:--Box No. 463 c/o HK.D.P,
WANTED TO BUZ...
WE OFFER HIGH PRICES. tor
any amount of gold articles, diamonds, silver, etc. No holidays.
FOR SALE `
ENGRAVERS
FEI FEI & CO. Photo Engravers
18, Cochrane Street, Telephone No. 22224.
AUCTIONEERS
GREATEST COLLECHON OF BARGAINS IN TOWN!
For Sale Fifty sets of Jubilee and Coronation Stamps 1st day Cover. What offer? Please apply to Box Lomment, Brenner a No. 465 c/o The HKDP..
LAMMERT'S AUCTION ROOM
Just Received Fresh Supply
Best varieties of Reliable and tested
34.00 Apply Chins Buliding, 7th four. Flower & Vegetable
31.85 Tel. 30727. Eurasia Gold Redning
Co.
Bał
39.20
We pay high prices for all Gold 8.80 & Blver articles, Diamonds, Jade 35% and Gold dust, Apply China Gold Refining Co., Pedder Building, 2nd door, Room 6,
$39
$14
Wanted to Buy 2nd Hand Type writer in Good Condition. Please. apply to Box No. 464, c/o The RRDI
Seeds
From Button, and Sons, Ltd.. Reading in pictorial packets
GRACA & CO. Dealers in Garden Seeds. Postage Stamps, Picture Books &c. No. 10 Wyndham Street Established 1805,
Ruud Gutte 1. Telephon· No. ROP24,
Jimmy's
What do
you want?
If there is anything you want to buy or sell try a small Classified advertise ment in the Hong kong Dally Press,
25 words $1.50 prepaid
for