HONGKONG DAILY PRESS
Finance and Commerce
Japan's Economic Position Analysed: Strong Weapons In Hands Of Britain, U.S.
LONDON, Oct 10 (Router)—An almost desperate economie un- situation is thought likely to confron; Japan if she is no fortunate as to find herself forced into a war against the de- mocracies, states authoritative circles here.
Inconvenient as the various United States measures hitherto directed at Japan's economy may have been, they would be trifling compared with the full-blooded economic war which both Britain and the United States would be in a position to wage If necessaTY.
Japan is notoriously short of Canada or the United States con- foreign exchange while the main- trolled mines.
Netherlands Income Tax Imposition
FINANCE & GENERAL
"Waste Not, Want Not"
"Waste not-want not" is today the national slogan in Britain, For several months past the British Government, by vast pro- paganda and publicity campaigns, has been impressing upon the peo- ple the urgent need for "salvage" of all kinds to help the war effort.
Worthwhile salvage includes every type of commodity from waste, foods, old clothes, rags and wastepaper to scrap iron, alumi- nium and other metals, writes's Home" correspondent.
To Raise Funds For have been very satisfactory.
D. E. I. Defences
10
LONDON, Oct. 11 (Reuter) -Netherlanders in all parts of the world are
pay 2 voluntary income tax, it is an nounced by Jonkheer Welter. the Netherlands Minister of Finance.
are
came
Collection of salvage has been depots poured thousands of wo- placed in-the-hands of local munimen carrying_with__them__house_ cipal authorities, the Woman's hold aluminium articles of every Voluntary Service, the Boy Scouts descriptions-pots, pans, cockta!) flower-pots. Associations. The results to date shakers, ornamental
ash-trays, liquid measures, bath- In every town and village room taps, vacuum cleaners, fasks, coffee-pots, shoe-trees, throughout the country special kettles, depots and dumps-many in front-fish-silcers, sets of spurs, a struct yards of suburban houses and on from a zeppelin brought down in waste ground-have been estab-Eastern England in 1916, and ever ished for the collection of various a German drinking mug found in
the German front line. types of waste matter!
Door to door collections
Many of the gifts were brand finest quality. made daily, and the people, spur-new and of the The Minister calls on Nether: red on by special newspaper arti-War brides brought wedding pre- cles are turning out attics. Junk sents which had not been used." landers in Allied and neutral
their with tenance of her existing stock Japan's position is thus vumer countries throughout the world to rooms, garages and garden sheds Bachelors position is realised to be entirely able from both the importing and pay the tax to enable the Dutch and producing hundreds of thou-favourite golf clubs and tobacco Over one hundred tons of case, Government to carry on the work, sands of tons of miscellaneous re-jars. dependent upon her ability to exporting angles. In any
The patroitism of the Free fuse which had been stored away
aluminium was collected in London maintain her export trade to the the fact that since the outbreak * various centres at present friend or war no shipments of nickel. Dutch people. Jonkheer Welter and forgotten in past years.
Municipal corporations, factories, alone the first day following. Lord tungsten have reached adds. will provide him with an department stores, estate agents. Breaverbrook's appeal. More than ly disposed towards her and which, co-alt or
British BOVICES I assessment of their incomes. In the event of war with such Japan from
private firms and small shops two hundred tons came in the of Those already paying income centres, would certainly become viewed here as an indication closed to her.
how Japan might fare in the tax in the country where they are have all joined in the salvage second day.
campaigns. The question is asked: what event of extension of such a pro-living are asked to pay five per
In this way, thousands of tons cent. of their annual income after would happen to the important, cedure.
At the same time it can
be the Arst £100. Those not paying of scrap iron, ranging from ar- Japanese silk export trade if the United States and other markets stated that no ferroalloys or other where they are living are asked tient door keys, lamp posts, park such commodities needed in the to pay 10 per cent. after the £100 and garden railings, gates, ancient were unavailable?
Nearly the whole revenue from Further the equally important British war ettort have
the tax wil be devoted to streng- Japanese cotton plece-goods trade Japan for a long time.
thening defences in the Dutch IRON IMPORTS As known to depend largely on the
East Indies, goodwill of the British Empire Japanese Imports of iron ore market and the willingness of from India are continuing at the porta from India. India and United States to
send present time and their essential Japan shipments of cotton.
nature to Japan's war economy is stances, it is almost inconceivable An outbreak of war would cer- fully appreciated.
that Japan could be so ill-advised however. tainly make
Japan. it impossible for
receiving as to take a step leading to war Japan to acquire copper from about half her normal jute im-with the democracies.
-
Is
1
reached,
|
all Considering
the CLcum-
HONGKONG SHARE QUOTATIONS Market Report
SHAREBROKERS' ASSOCIATION
STOCK EXCHANGE,
FRIDAY
Buyer
Males Bra
Nomiasi)
11 OCT.
Banks
$1300
li.K. "Banks
-£70 2371
34.10
$3,10
$30
83.15
*195
9400
P10
272
Do. Col. Reg.) .... Do. (Lon. Reg.) ..... Chartered Banks.....
20 Mercantile Eks. "A". Mercantile Bks, "C". Bank of Fast Adin..... N: C. & 8. Banks......
Insurances
Canton Insurances.....
Union InsuranceS.................
Underwriters
8150 H.K. Fires..
Shipping
$120 Douglases
$11
Steamboats
$100 Indo-Chinas (Pref.)....
$80 Indo-Chinas (Def} ....
Rajtr Sellers
$1300
!!!
Salon Nominal
£70
-27
FROM ROZA BROS.
ball cannons, to old and even modern automobiles, have been collected by Government agents and passed on to the" munition
factories.
SATURDAY, OCTOBER 12 1940 -PAGE__
Satisfied ? Quite L IT'S
"BLACK
& WHITE"
NO IF OR MAY BE
IT'S
THE SCOTCH.
JAPANESE FORCED TO
MARK IN CHINA
TOE
PEIPING JAPAN IS MAKING HER CITIZENS IN CHINA TOE THE LINE OF TOTALITARIANISM JUET AS MUCH AS THOSE AT HOME writes JD. White in the Manila Bulletin,
MUCH IRON REMAINS
. Consider the plight of the halfmillion or so Japanese business- Nevertheless, many more thou- sands of tons of iron in the form men in North China, varying from the lowest form of carpetkag- of gates, lamp posts, railings and to some fairly high-powered tycons: Any illusions these people
"A great age nas come to East chains are still to be seen in all may have had about business in China are rapidly being dispelled. parts of the country, and the local Ther are learning that business authorities are being urged by public spirited citizens" and news papers to give them up to the war effort.
duction Lord Beaverbrook on half of the Royal Air Force has proved to be the most popular of the many yet issued....
AUCTION SALES
TO DISPOSE OF
SHIPS WRECKAGE
LONDON, Oct 11 (Reuter) So much wreckage from ships bas recently been washed up on the been Danish coast that it has found impossible to store it all, according to an announcement over the Danish Radio.
It is proposed to hold auction
is feeble compared to what they Asla where the old freedom is a sales to get rid of the timber and were told three years ago. It would thing of the past and where total- other such materials. be, and that what business is left itarianism is coming. All must ho over for them after the semioffi- prepared to make sacrificas, and ne
that
The appeal for aluminium clal companies take their slice complaints against the national launched by Minister for Air Pro- (and it's a big one) is run accord-polley will be tolerated," pontia police in Tientsin. It rohibits cates a recent Japanese economie permanent wives for women, re- being to official plan. Friday, Oct. 11.
DOES WHAT HE'S TOLD report' published here
stricts the amount both men and Silver prices dropped yesterday
Everyone does what he's told.
Japanese shops, cafes, bars, and women can spend on clothes, bans to the extent of 1/18 for Ready
Just like in Japan.
other establishments deemed un- the smoking of opium and public eud 1/8 for Forward, the quote
Japanese Importers and expor necessary by the authorities are amusement after midnight, and The striking successes of the
such establish- tions being 23.3/8 and 23.5/18 re- 25 spectively, Silver advices report R.A.F. both in England and on the ters in China have to belong to being closed down. Undesirable demands Eat
ed the market as being steady continent of Europe has captured official associations which allot Japanese are being shipped home ments reduce their consumption £267 but quiet.
American Silver was the admiration and imagination of available trade to firms according Immigration from Japan is enr- of electricity to a minimum by cut- ting down neon sign displays and Lord to fixed. plans. Beyond these al the British public, and quoted at 341/4 for Spot,
Authorities are seeking" useful excessive lighting effects. Beaverbrook's subtle appeal to the lotments the firms are not per- women of Britain and the "kitchen mitted to operate, and the Japan-
In Inner Mongolia, where the front" for spare aluminium met ese entrepreneur in China is rare-employment for some 14000 Kore-
Japanese regime has had difficulty a ly any better situated than his ans-most of them of the car- with immediate response..
into the Pelping area alone during competitors.
the past three gear of unrestarted, the picture is alightly dif
ferent. Here private enterprise is stricted immigration.
still needed, and small official sub.... ¡şidles are offered to private Japan-
operators who x start.
The London/New York cross rate was quoted at 4021/2. New York/London was quoted at 403,
STERLING
£10
$728
30 ot.
$190
$400
1/2.
MARKET
#150
Quiet.
$120
83
$100
38/10 Shells
$6.00 Waterboats
There were sellers at 1/2.31/32 $100 up to December, buyers at 1/3 for 36/10 any delivery.
$8,00
U. S. DOLLARS
Docks, Wharves,
Godowns, etc.
891 $80
K. & R. Wharves...
801
Providents
*****
34:10
"
$18.40
11.K. Docks (Old)....
8180
$18
218
9277
14/0
38
14
$301
"
24/0
801
11.K, Dorks (New).
3201 +Shanghai Docks.....
Kailua
Raube
Mining
1 cts, Hong Kong Mines...
$100
Lands, Hotels and
Buildings
H.K. 8. Hotels.
H.K.. Lands............
Do. 4% Debentures...
10 Shanghai Lands.........
H.K. Realties.
$7.10 Humphreys ------ $101 Chinese Estatea......
Cotton Mills
832
Ewo (S.)
8181' Cottons (S.)........
Zoong Sings (8.)....... Wing On Textiles (8.)
Pabile Utilities
H.K. Tramwaya......... 815.10
$7.40 Peak Trams (old)......
⠀
...
::
$100
+
:
$3.10
330
$3.15 $72
£37 $190
tallen,
"Pans for planes" became the Chinese or European or American Petbagging class-who have come in getting its industrial program
cry, and into the hastily created
H.K. STOCK EXCHANGE
An irregular market prevailed during-the-week, with offerings be
The market closed with sellersing somewhat free. Sellers how- at 1 pm. with sellers at 23.1/8 ever, were not sacrificing scrip and for near and 23.3/16 end of No-with Buyers in search of bargains vember, buyers probably at 23.3 the volume was smaller than the 16 for Cash.
at
SHANGHAI DOLLARS Opened with" sellers at 390, Sub- sequently business was done 301.1/2 Later transactions were arranged at 399 and 390. The market closed sellers at 389.
at 1 pm.
with
SHANGHAI MARKET Opened with sellers of Sterling a 3.13/18 and then eased off to 3.49/64. At the close there were sellers at 3.13/16 for Spot. US. Dollars opened with sellers at 5.- 7/8 Business was reported at 5.15/ 16 for near. The market closed with sellers at 5.29/32 for near.
AFTERNOON MARKET
$125
$154
816,30
18
13.70 Peak Trams (new)....
$4
Quiet.
3691
Star Ferries........
3691
8:22
Y'mati Ferries..
#22 #23
$600
China Lights (0)...... $8.30
$6.60
China Lights (New)... $.10
$30
338.90 #351
$17 $18
$29
8923 #9,80
$12
#1
$15
815
$6/0
4:
#
$8.80
H. K. Electrics (Old'...)
H.E. Electrica Now)... Macao Electrics (Old) Macao Electrics (New) Sandakan Lights..................... Telephones (old)........ Telephones (now)."..... S'pore Tractions (Ord.) Industrials
814,90 Cald., Macg... [Ord.) S.
Cald, Macg. (Prof)8. Canton Ices
Cements
H.K. Ropesusipra
H.K. Govt Loans
890 4% Loan
895 31%
$18
̈(1940) Miscellaneous
Dairy Farms. .................
Entertainments
$1.60 Constructions (old)...
01
Constructions (now)...
$7.45 Lane Crawfords....
Nanyang Tabacco......$3
881 Watsons..напроновые
HUBTE
***
$:06 131%
(1934).
***
833
$10
$36
SI HRIN
STERLING #
No business was reported. The market closed with sellers at 1/2. 31/32 up to Decembet, buyers. at 83541/3 for any delivery.
50 ota.
$18
$6,80
98.
#
#18 $8.50
·37
89.18 Sinceres
$2.20
$8.60
301.
Ch. 3.5% 1925G3Bde.
35% $30
$39
IK, Wing Ca
B'bai Wing. Ou
814
8/9
2/9
Vibro Piling
Maramans Inv (LOB.:
Maramaus Idy, (H.K.}}
Wm.. Powell...
+Sale to Shanghai
T. 8. DOLLARS
Nothing doing. The market dosed with sellers at 23.1/8 for of Novem- near and 23.3/16 end ber, buyers probably at 23.3/18 for Cash,
SHANGHAI DOLLÁRS Closed with sellers at 381. SHANGHAI MARKET
Closed with sellers of Sterling at 3.51/64 and 5.$. al 5.29/32 for
near.
HONGKONG
SHAREBROKERS
ASSOCIATION Volume of Business Transacted on Friday, Oct. 11, 1940. BALES
100
previous week.
BUSINESS DONE DURING
THE WEEK.
Canton Ins., $190. Union Ins., $400. Wharves, $90.
Providents, $4.30.
Hotels, $3, $3.10.
Lands, $301, $304. Realties, $9.15.
Tramways, $15.85, $154 $18.55.
$151.
Electrics (0) $34. $361. 3361,
$36.
Electrics (N), $36, 8351. Cements, $15. Ropes, $5.60.
BUYERS Providents, $4.10. Hotels, 33.10. Lands, $30. Realties, $3.15. Electrics (N), $35.25, SELLERS
H.K. Banks, $1300. Canton Ins., $190. Wharves, $91. Docks (0), $16.40. Trams, $15,50.
Star Ferries, $59.50. Taumst Ferries, $22.75 Telephones (N), $9.80. Cements, $15.50. Vibro Piling, $8.
SALES Union Ins., $400.
Lands, $30.25.
Realties, $3.15.
Trams, $15.30/20. Electrics (N), $35.75.
RUMANIAN · FUNDS
"FROZEN"
- PROFITEERING BANNED The Japanese authorities have
CUT OUT LUXURIES warned their businessmen to keep
There 15 a strong movement to ese well in mind that all proûteering (that is any profit beyond the cut out all luxuries among Japan- mines for gold, silver, tungsten.". oficially permitted 2 per cent). ese here. Typical is the Istest bauxite (aluminum), copper, and is to be cut out,
order issued by Japanese consular other necessary minerals,
PRE-PAID ADVERTISEMENTS.
The following classes of advertisements are charged at the price given below i—-*
HOUSES AND APARTMENTS TO BE LET. SITUATIONS VACANT.
MISCELLANEOUS WANTS.
HOUSES AND APARTMENTS WANTED.
Announcements not exceeding 25 Words are inserted under this heading at a Pre-paid
If Charges collected, $2.00. Rate of $1.50 for TEREB INSERTIONS.
WANTED TO BUY.
WE OFFER HIGH PRICES for amount. of gold, articles, any diamonds, silver, etc. No holidays. Apply China Building, 7th floor. Tel. 30727. Eurasia Gold Refining Co.
We pay high prices for all Gold & Silver articles, Diamonds; Jade and Gold dust. Apply China Gold Refining. Co. Pedder Building, 2nd floor, Room 6.
HOTELS
RUSSIAN CUISINE
MORE POPULAR EVERY DAY
METROPOLE HOTEL
FOR SALE
For Sale Fifty sets of Jubilee and Wanted to Buy 2nd Hand Type-Coronation Stamps 1st day Cover. writer in Good Condition. Please What offer? Please apply to: Box apply to Box No. 464 c/o "The No. 485 c/o The HK.D.P. HKDT
WANTED ENOWN-
ORDERS TAKEN for hand-made sweaters, Ladles Jumpers, Bables" outfits, etc., at $5.00 each for workmanship.
Wool and model desired, to be supplied by customer..
Send particulars of address, etc., to Box 502, E.K.D.P.
The "WE" have an outstand- Ing assortment of latest American WASHINGTON, Oct. 11 (Reuter dresses for all occasions. and price -President Roosevelt has "frozen" to suit all puries. Call at "Vaniy Rumanian funds in the United Shop" (Lazarus) Pedder Street. States by extending the Order,
which was previously appiled to Experienced Book-keeper Wants nine European nations who are students to form a class. Guaran $15.30 countries occupied either by Gertee students to keep a whole set of books after completion of a' course 9.25 many or Russia.
It is unofficially estimated in of 8 months. For Term and Far- Washington that the funds total ticulara Fitase Apply to:--Box roughly $100,000,000
No. 462 c/o HK.D.P.
Tramways H.K. Telephones (N) 1,000.
1,100 The total value is $10,780.00,
Just Received
Fresh Supply
Best varieties of Reliable and tested
TEA DANCES Tuesdays
Thursdays...
Saturdays Sundays
6 to 1.30 p.m.
ENGRAVERS
FEI FEI & CO. Photo Engravers
18, Cochrane Street. Telephone No. 22224.
AUCTIONEERS.
GREATEST VOLLARTION O8 BARGAINS IN DOWNI
LAMMFITS MUCHOS BEM M
Flower & Vegetable, r
Seeds
From Button and Sons, Ltd.. Reading in pictorial packets
GRACA & CO. Dealers in Garden Beeds, Postage Stamps, Picture Books Svc. No. 10 Wyndham Street' Established 1996; * Hong Kong.
Jimmy's