PAGE 10-HONGKONG DAILY PRESS
GERMANY'S WAR PRIZE: "ALSACE & LORRAINE TAKEN. WITHOUT NEGOTIATIONS
VICHY, SEPT. 23 ALSACE-LORRAINE, FOR 10 CENTURIES DISPUTED BY FRANCE AND GERMANY IS EXPECTED TO BE THE PRIZE OF ADOLF HITLER'S VICTORY OVER FRANCE IN THE 25-DAY BLITZKRIEG which planted the German armies on the Atlantic coast, writes Ralph Heinzen, in the Manila Bulletin.
~Hitter, ̈ ̄ ̄ thus far, has refused tó mame his peace terms. French efforts to ascertain the conditions of definita peace have been un- successful and every French effort to open peace negotiations has been snubbed by Berlin and "Wiesbaden.
WITHOUT NEGOTIATION, the satisfactory relations between HOWEVER, HITLER HAS COM-conqueror and conquered may in- PLETELY GERMANIZED BOTH fluence the terms "when they are ALSACE AND LORRAINE and formulated there are many indications that in
historical
The main point to be settled is
FINANCE & GENERAL
Finance and Commerce
MONEY AND EXCHANGE
CLOSING QUOTATIONS OCTOBER 14. 1940.
On London:--
Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand 1/2 7/8 Credits 4 months' sight 1/3.1/9 On Shanghai:-- On demand
conformity with his policy of whether Hitler and Benito Mus-On Singapore:- reestablishing Greater Germany solin, are willing to recognize On demand inside Its
frontiers, France as an authoritarian regime, On Japan:- Hitler will claim the Rhine left and to admit France among the
On demand bank provinces as part of Ger. "Fuehrer-stanten." ΟΙ directing On India:- many's lost patrimony.
states, or whether France is to be Unlike the rest of occupied punished for the sins of its past; France, where local administra.democracy. tlon 's left in the hands of French functionaries, the German army
DOUBT, FRENCH SINCERITY Thus far the German and Italian and civil authorities have occupied press have been skeptical cf Alsace and that part of Lorraine France's "revolution." and appear which before 1918 was German. to" doubt the sincerity of the As the German army swept into change of regime. these two provinces, the whole physical aspect of Alsace-Lorraine changed.
SIGNS GERMANIZED French milestones and signposts were uprooted and German markers substituted.. French signs were Germanized overnight. Mark- ings on town halls, schools, chur ches and other public buildings were changed from French to German French teachers, police. municipal clerks and other func- tionaries were escorted
the
to
frontier, and Germans took their . places. Both provinces are com- pletely German in administration,
individuals, indus
businessmen have had their bank accounts blocked and their businesses "and stocks seized
and French trialists and
Seals have been placed on the vaults of French banks in Alsace and Lorraine and all French in- | dustrial and commercial activity interrupted, German
has
been
arms have moved in and opened branches and the whole of the trade of the two provinces is. In German hands today.
com-
་
Telegraphic. Transfer.
380
52 3/4
100
and demand ....... #J82 1/2
Op New York:—
Bank Bills, on demand 23 5/8 Credits, 60 days sight 23 1/2 on Batavia:---
On demand
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE,
1:
$300
F
Do. (Col. Reg.).... Do. (Lon. Reg.)
Chartered Banks
Marcantile Bka "A":
$187 Canton Insurances.....
$1
Shipping
$130H.K. Fires......
$130 DouglaseS
Steamboats
Indo-Chinos (Prof.)
Indo-Chinas (Def.)
Shells
Waterbonta
11
9100
$80
36/3
90
::
15, 1940.
TUESDAY, OCTOBER
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 185
H.K. Currency Reserve $10,000,000
$50,000,000
INDIA, AUSTRALIA AND CHINA
Hon. Mr. T. E. Pearce,
HEAD OFFICE: LONDON:
38, Bishopsgate E.C.2. Sub-Arenales In London: 117/12, Leadenhall Street, E.Ga West End Branch: 14/16, Cockspur Street, S. W 1 Manchester 'Branch: 39, Mosley Street, Manchester,
AGENCIES AND BRANCHES. ALUR STAR
HARBIN
PINANG AMRITSAR. BANGKOK
BATAVIA
HONG KONG RANGOON
ПРОЯ
ILOIL
SAIGON
BERIMBAT
• SHANGHAI
SINGAPORE
BITIAWAN BOURALATA
Kareru ↑ deller
_ _Salon_ | Nomlun]{
# SHAREBROKERS" ASSOCIATION MONDAY
Super Bellers.
Authorised Capital.
14 OCT.
Reserve Funds:
Banks
Sterling
6,500,000
$1300 HK. Bankų
$1250
£70
£70
Reserve Liability of
Paid-Up Capital Reserve Liability of Pro- Reserve Fund
£3,000,000 $8,000,000
£57
prietors
Proprietors...
.$90,000,000
....£3,000,000* ·
298
£10
$79
Mercantile Rk. "C"} Bank of East Asia......)
£101
Head Office:-HONG KONG.
$721
N. C. S. Banka...... Insurances
Board of Directors: H. V. Wilkinson, Esq.,
$190
Union Insurances....... $390 Linderwriters .......
$387
$150
$120
Chairman. Hua. Mr. J. J. Paterson,
Deputy Chairman. J. K. Bousfeld, Esq., A. H. Compton, Esq., Hon. Mr. S. H. Dodwell,
G. Miskin, Esq.,
.8100
E. S. Morrison, Esq.,
8100
38/3
86.80
O. C. Roberts, Esq.,
Docks, Wharves,
49·1/4
Godowns, etc.
Hon. Mr. A. L. Shields, Sir Vandeleur M. Grayburn,
BOMBAY CALCUTTA
KARACHI
ALANG
AGENCIES: KOBE
CLIVE STARST
On Faris
L.K.K..Wharves,
887
$80 $88:
KUALA
Bank Bills, on demand Nom. Credits 4 months' sight Nom.
$4.10
Providents
$4.10
| CANTON
LUREFUR
#161 $16
$16
$15
8271
Amoy
88 1/2
Bangkok
Kobe
Batavia
Kowloon
14/0
On demand.
45 1/4
38
Bombay
Kuala
Branches: Jobore Rangoon
Saigon San
Francisco
CAWNPORI
GAME 17
KUCHING MADRAS
COLOMBO
MANILA
BELEI
KIBAJ
TRENGTAU
HAIRHONO
NEW YORK
TOKOHAM
Calcutta
Lumpur Shanghai
HAMBURG BANKOW
FRIPING
Canton
London
9.
149 1/2
Singapore
Chefoo
Lyons
Sourabaya
Colombo
Malacca
Sungai
Nom,
$3.10
H.K. & 8. Rotal $3.10]
+4
Dairen
Manila
Patani
23.7/16
#30
$301
H.K: Lande............................
Foochow
Muar
Swatow
$100
Do. 4% Debentures.....
3100
$10
Shanghai- Lande...
Renkow Mukden
Tokyo
$3.15
U.E. Realties.
$3,16
Harbin
New York
Tsingtao
Iloilo
Feiping
Yokohama
$103
Ipoh
Penang
$35
$354
CURRENT ACCOUNTI
$190
8125
$15.30
戮
94
On demand On Manila:-"
Eventually, Hitler will be faced with choosing * solution from On Balgon:- two alternatives-either France is to be made militarily and econo- mically incapable of action and dependent upon Italy and Geron Bangkok:- On demand many, or the past is to be forgot- ten and tustead of being punished On Sterling Notes:-- and deprived of her empire. France may be invited to play a fair role Bar Silver per oz.
Bank Buying Rate in the new European union with normal economic relations with its conquerors.
Between those two
burden of the war debts of Ger. there is a third solution: that the
FROM ROZA BROS. France in reprisal for the 1918 many and Italy be saddled on
Monday, Oct. 14. Silver prices
were unchanged burden borne by Germany alone
over the week-end, the quotations and that until France pays, the remaining at 23.7/16 for Ready German armies will camp at the
and 23.5/16 for Forward. Ameri- cost of the French taxpayers.
can Silver was unquoted.
extremes, Market Report
Development Of Yunnan
OVERSEAS CAPITAL
SOUGHT
-
The London/New York cross- rate was quoted" at 402.1/2. New York/London was quoted at 403.
1/2
MARKET
Quiet
STERLING
No business was reported. There KUNMING, Oct. 14 (Central) were seller at 1/231/32 up to Concrete measures, have been de- December, buyers at 1/3 for зау vised by the Yunnan provincial delivery... authorities to invite Chinese Investments for the de- velopment of the province.
Alsace-Lorrairie together prise a wedge 125 miles long ex- tending along the west bank of the Rhine westward to the Moselle, and from the Palatinate in the north to Switzerland in the south. If France Inses Alsace, it loses again natural defenses of the east. "the Rhine and the Vosges, and in
addition loses virtually all of the ment; "artlacial defenses, the Maginot the
Iine.
overseas
U. S DOLLARS
Opened with sellers at 22.7/8. Three Teglons have been parti-
buyers bidding 23. A small inf- cularly marked off for develop-closed at lunch time, with sellers at
ness was done at 23. The marke
the Szemao-Puerti
22.15/16 buyers Tsangyrian-Shunning
Cash.
and the
carea.
area,
area
Tengehung - Lungling
*
at 23:1/18 for
J
SHANGHAI DOLLARS
A plantation and an industrial Business was done at 391. The company will be established in market cloesd at lunch time with each area. The company will be sellers at 391, buyers at 392.1/2 capitalised at between $10,000,000 for Cash. and $50,000,000, half of which will be government shares and half commerctal shares.:
.
INCLUDE GREAT CITIES In Alsace are the great cathedral cities of Strasbourg and the Colmar." the powerful fortified centers ot Wissembourg and Haguenau, key points of the Maginot Line; great textile, phos-, phate and steel industries are at Mulhouse. Altkirch and Colmar.
It is planned that salt, cotton, steadler at 3.27/32 for Spot. U.S. Some of the finest wines and tea, camphor and medicine will be Dollars opened with sellers at cheese of Europe come from the produced in
countryside at
the Szemao-Puerh 5.13/16 and closed with sellers at Munster, Pibeauville, Guebwiller and St. area, lead and suver in the Tsang 5.7/8 for Spot.
rich
Odile.
Lorraine, or that part of which Germany always has claim- ed, is heavily industrialized. It includes Metz and Thionville on the Moselle river. as well as Tor- bach and Saarguemines, at the edge of the Saar industrial basin, Metz was the old capital of the duchy, and it was there in 1871 that Marshal Achille Bazaine capitulated to the Germans after
TECHNICAL GUIDANCE
yuan-Shunning area and silver, lead, tin, copper and iron in the Tengchung-Lunging area.
Technical guidance will -be offered by the Overseas Affairs Commission.
.די
H.K. STOCK EXCHANGE
SHANGHAI MARKET Sterling opened with" sellers at 3.13/16 and closed shade
A
AFTERNOON MARKET
Quiet,
STERLING--
No business was reported. The market closed with sellers at 1/2. 31/32 up to December, buyers -at 1/3 for any delivery,
U. Š. DOLLARS ·
The marker closed with seller
The market had a turn for the at 22.7/8 for near, buyers at 24 a brief siege which brought the better with buyers improving their tor Cash. Franco Prussian War to an end. bids resulting in business at ad...
It is likely that even If Hitler yanced prices in utilities Indus- does claim Alsace and eastern trials and Providents.
Lorraine as German territory, he
BUYERS will not encroach further sa
Providents. $4.25. French soil, and will grant Fran-
Hotels. $3.10. ce's claim to the territory of Bel-
Lands, $30.25. fort, and to the great French tron
'Realties, $3.15. basin of Bricy, which lles just
Trams, $15.25. across the Moselle from Metz and Lights (0), $8.40. is the richest deposit of iron ore
Telephones (O). $22.50. on the continent, and. has long
Cements, $15.30. 'provided the steel plants
Ropes, $5.50. of Belgium, Luxemburg, the Star and France.
LUXEMBURG MAY DISAPPEAR
Many observers here believe that the grand duchy of Luxemburg may disappear in Hitler's remap- ping of Europe. This little buffer state has been overrun in every war in western Europe for cen- turies.
are
SELLERS
Wharves, $89.50. Star Ferries, $59,50. Telephones (N); 39:50. Vibro Piling, $8,
SALES HK Bank, $1205. Providents, $4.35/45. Lands, $30.25.
Electrics (O); $36,10. Cements, $15.20/30/40,
FAMINE REPORT
DENIED ADEN, Oct. 14 (Reuter) An! authoritative denial
Was given
The conversations; which proceeding in Paris and in Wies- baden generally concerned
are with the application of the armis- tice convention, but in diplomatic circles there is an impression that in this exchange of views between nere yesterday to the semi-ocial French and German delegates, the Vichy statement on Oct. 8 that the foundation of the future peace is Trench garrison at Jibuti was being lald. Thus far there has been facing famine as the result of no question of peace conditions, the British seizure of French, food but diplomatic circles believe that supplied from Madagascar.
'SHANGHAI DOLLARS
Business was done this after- noon at 3933/2. The market closed with probable sellers at 394.
SHANGHAI MARKET
The last rate received quoted sellers of Sterling at 3.51/84 (for Brot and US Dollars at 5.25/32 for Spot.
:: !!
#15 $15.30
H.K. Docks (Old)...
H.K. Docks (New)....
29+Shangbai Docks...-
Kalina
Raube
Mining
cta Hong Kong Mines.....
Lands. Hotels and Buildings
24/0
$92
$7.10
Humphreys...
Chinese Estatos..
Cotton Mills
Ewo (8.)
$181 S'hai Cottons (S.).
Zong Bings (8.).....
*V - | Wing On Textiles (S.
Public Utilities H.K. Tramwaya................... $7.40 Peak Trams (old). $3.70 Peak Trams (new).
Star Ferries! Y'mati Ferries...
$690 Chine Lights (0)
$8.60
18.30
$36
$361
China Lights (Naw)...! 88,10 230 1. K, Electrica.(Old).....) $25 H. K. Electrics New).... $17Magio Electrics (Old) 816 $11
Macno Electries (New) Sandakan Lights........ Telophones (old)........ Telephones (new).......! S'pore Tractions (Ord.) Industrials
$2%
11
48
}:
j
H.K. Roger
$92}
Chief Manager. FalkLIK PLACE
Haiphong (Johore) Tientsin
1:
(Peking)
TAIPING
TIENTSIN
TONGKAR
(Bhuket)
FOREIGN EXCHANGE and General". Banking Business transacted.
CURRENT ACCourts opened and FIXED DEPOSITS received for: One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNT also opened in Local Currency and Sterling with
opened in interest allowed at rates obtainabla
LOCAL CURBENOT and FIXED DEPETT OD application.
on
quoted on application.
received for one year or shorter The Bank's Head Office in Londoa periods in Local and other Cur-undertakes Executor and Trustes rencies terms which will be business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Eranobes.
R. A. CAMIDGE,
Manager.
Also up to date AFE DEPOSIT Buses in various sizes To LET Hong Kong. 28th February, 1940.
HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR- PORATION. Rules may be obtain:] ed on application.
For the HadoNG & SHANGHAI "BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong. 25th Feb., 1939.
$1
$14.90) Cald, Macg. (Ord.).& $12
Cald., Macg. (Pref. 8.) Canton Ices...
50 ots.
$15
Coments
$15
$16
Bhi
HE GOTL Loans.
$39
14% Loan
305 31%
(1934)7
95
895 31%
'THE CHASE BANK
$18 Dairy Farms....
318
$6.60 Entertainments
$1.ED Constructions (old)...
86.80 81,85
15, QUEEN'S ROAD, CENTRAI
HEAD OFFICE;"
-1- Construction
(new)...
3745 Lane Crawfords...
HONGKONG
$81
(1940) Miscellaneous
Nanyang Tabacco......
$2.15 3inceres
Watsons
35. Ch. G.5% 1925GSBds.
$38.K. Wing On
S'hal Wing On
Vibro Piling
7/6Maramans Inv. (Lon.}
2/9 Margus-Ing. (R.K.)
Wm. Fowetia
+Sale to Shanghat,
$1
SHAREBROKERS
ASSOCIATION
Volume of Business Transacted
on Monday, Oct. 14, 1940. K. Lands
SALES
$2.20
$8.50
15%
$39
$14
Cements
500
15.20
500
15.20
500
15.40
- 500
15.50
EX. Electrics (0)
100
30.10
100
36.10
100
30.25
60
30.50
H.K. Banks
5 $1,205.00 - 30 -1.205.00 China Providents 500 1.30
H.K. TramwRYS R.K. Wharves
500
15.40
#50
38.00
500
4.35
5,185
250
4,40
*Sale on Saturday, the 12th inst.
China Lights (0) 1,000
6.65
The total value is $109,770.00.
18; PINE STrest,
"NEW. YORK" An American Bank offering com plete Foraigo Banking Service in the principal Markets of the world.
Interest Rates on Application!
SAFE DEPOSIT BOXES
BANK OF EAST ASIA, LIMITED
Paid-Up Capital 5,588,000.00 Authorised Capital......$10,000,000.00 Reserve and Undivided
Profits
M...................2, 953, 261.60
Read Office:-HONG KONG No. 10 Des Voeux Road, Central. Board of Directors: SIR SHOPSON CHоw, Chairman' Li Koon Chan, Exq. Li La Bang, Esq. P. K, Kwok. Esq. Wong Chu Son, Esq. Weng Yun Tong, Bag. Kan Ying Po, ag. Chan Ching Shok, Esq. Fung Ping Wah Bag KAN TONG Po, Esq., Chief Manager LI Tа FоNG, Esq., Manager
Amoy
Branches and Agencies:--
Batavia- Sombay
Kokos. Pour
Bingapore Hendon-Bangoon Bourabaya
Balgon Hwntow Malboa Ban Fran. Sydney Nagusia
afsoo Tintain
CORTEZ
Manka
Celestia
Haiphong
Haskow
Now York Beattis.
Homolala
Parla Faly
Bevarneg Shangtand
"
This Bank is entirely owned by | Cobu
TERCER NATIONAL BASK Naw. YORK, with: Rasonrena of graỆ 1.8.42,900,000,000... |
D. M. BIGGAE,
„Second Vice Press
Ajob?
WANT ADS
INDO-CHINA
L NAVIGATION COMPANY LTD.
STEAM
Shanghai Exchange Operating Ferrines for Carge and Pasmagers
Oficial_T.T, Rates Shanghai, Oct. 14 (Reuter)..
London New York
Japan 'India.
Hongkong
Sterling
SWATOW SHANGHAL TRINGTAU, CHEFOO
TO-
Opening 0/3-11/16
5-5/8
23-7/8 20-3/BN 24-1/2
Aellers.
Opening Closing
0/3-53/640/3-25/32
0/3-53/84 0/3-25/32 0/3-13/160/3-48/04:
0.8. Dollary
Spot Oct. Nov.
Spot
Oct
5-27/32
Nov.
5-13/16
5-3/4
Market: Uncertain.
$5-27/32 $5-25/32
5-25/32
and TIENTSIN
KOBE and OSAKA
SINGAPORE, PENANG and CALCUTTA
SANDAKAN
HAIPHONG
All steamers berth alongside the Roosevelt Terminal in the French Concession at Shanghai, where, passengers and cargo are landed.
farther particulars ÷plesse apply tous pur
JARDINE MAT TELERNONE ZOJI
ANAGER
Every description of Banking and Exchange business transacted. Loans granted on approved securities. Currency and Fixed Deposita re- Current Accounts opened in Local ceived for one year or shorter periods in Local and Foreign Car- rencies on terms' which will be quoted on application.
SAFE DEPOSIT BOXES TO LIT.
KAN TONG PO,
Chief Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANKA LED PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER ÜZINA) Owing to our numerous Brazekbe in China and connections in the principal Commercial Centres of the World, we are able to extend to our. Clients special facilities for Domestic and Foreign Banking and Exchange.
Head Office: SHANGHAI
Hong Kong Branch:
** QUEEN'S ROAD,
Souch
China Offices: [Y
KONGMOON TOISHAN
KINGCHOW
CANTON SWATOW.
SHLUCHOW
We also handle the imue of Bonds and other Public Funds of the Chinase, Government both at Home and Abroad
SHOUJ CHEN,