· HONGKONG DAILY PRESS
JAPAN'S MASK IS OFF: TRIPARTITE PACT REVEALS HER AS UNITED STATES FOE
NEW YORK, Sept. 30-Japan has finally removed the mask of friendship and through her alliance with the Axis has revealed herself as our enemy, writes Rear-Admiral Yates Stirling,.Jnr., in the Manila Bulletin.
The United States ever has been anxious and willing to help China in ways short of war to preserve her "sover- eignty against Japanese aggressions.
Flying Fortresses For Britain
Strong Conviction In U.S. Circles
WASHINGTON, Oct, 16 (Reuter) "Flying Fortresses" are going to Britain, according to well-inform- ed American' quarters here.
American
NO DESIRE FOR
CONFLICT
Russian Diplomacy Towards Germany
LONDON, Oct. 16 (Reuter) Russia's whole diplomacy during the past year has been marked har emphatically by obvious anxiety to avoid a coll- stated that she won't recognize flict with Germany, says the Daily Chinese puppet governments et Telegraph. up by Japan. The United States has refused to countenance Jap-
a
Russia has tolerated good deal of German high handedness but rather than engage in Wor
on the Straits of Bos- Germany phorus would be a challenge to her interests and security which must surely compel the Soviet to think again.
FINANCE & GENERAL
Occupied Areas Forced To Contribute To German War
THURSDAY, OCTOBER 17, 1940. —PAGE. 9
Costs Of $60 Million Daily COURVOISIER
BERLIN, October The wish cost of conquering a contin2 ent was estimated by Naxi sources today at 150,000,000 marks (nominally $60,000,000) a day in military expenditures, plus `17,- 000,000 marks ($4,800,000) a day for administrative civil penses.
||
-Yo
What these astronomical figures mean to the average Ger- man can be pictured from estimates of one financial expert that the government controls and uses 30 per cent of the entire national income. Direct national and local taxes and excise duties amount to 34 per cent of the national Income, while the remaining 14 per cent is made up by indirect methods.
semi-skilled workers. Both Nor is the German citizen the as
medical only one to feel the pinch of pay the same old-age, these vast expenditures. A few and unemployment insurance and totaling slx officially an- labour front fees days ago It was nounced in Vichy that France marks, 20 piennigs ($2,50) a week, In addition Johann paysan was paying 20,000,000 marks
$8,000,000) a day, retroactive to income tax of one mark. 80 pfen- June 25, for the upkeep of the nigs plus a war surtax of 90 pfen- German army of occupation. nigs. Bachelor Josef's Income tax
aneso occupation of Indo-China as a means of attacking General- issima Chiang Kai-shek's armies. JAPAN'S FEARS
been stud- (These policies have bornly adhered to by us In the Far East, and have been most Russia indeed may be seriously disconcerting to the Japanese wrong in thinking that the pact
directed ed. state that the Reich govern
military. Japan has always rear-with
Ind that America might change against
Japan
WAS
not
action and might even be per- to show her hand soon suaded to wage war on Japan to naturally is receiving the Exactly when President Roose-settle these fundamental discords.tention of Turkey. vel; will sign the necessary docu. ments--turning back these glani bombers to markets for transfer
uncertain to Britain 13
forthcoming.
but
OK.
be
Japan must know that the American Theat, by using the great naval base at Singapore and operating offensively from
"
LONDON METALS
EXCHANGE
BILL TO NORWAY
7
comes to six marks, 90 pfennigs, Local reports, so far unconfirm-plus a surtax of three marks, 45 pfennigs (correct). Civil tax and winter relier contributions add 48 pfennigs to Johann's direct taxes
and tion
many.
an-
her as much as against ment recently presented the Nor- her verbal protects into direct America. Russia will be compelled wegian government with a bill for and that 250,000,000 marks ($100,000,000) to "protection" to date. keen at-cover the cost of German occupa- Contributions from Berlin and the Netherlands have not been nounced.
The average worker in Ger-
neither who
under- stands nor particularly wants to understand the enormous figures involved, is concerned chiefly with what will be de-. dacted from his weekly salary. AN EXAMPLE Market steadier after ruling
cases of Johann Take the easy. There was only United States business overnight, Schultz, married, with two child- but influential buying of "Spot" ren, and Josef Meyer, unmarried. Both earn 80 marks ($24) a week caused a partial recovery.
one doubts that it will soon British territorial possessions and
One authoritative source told our own, Reuter that it would not surprise him if 30 Fortresses were flown to Botwood Harbour in Newfound-security in the Orlent
land this week.
M
FOOD PROBLEM IN KWANGSI
SHORTAGE DUE TO
POOR HARVEST KWETLIN, Oct. 16 (Central)-- The food situation in Kwangul is well under control and with im-
ports of rice from Hunan forth-
would be capable of waging B disastrous
on Japan's vital sea communications, thus crippling Japan's economic
London, Oct. 15 (Reuter). Tin. Standard, Cash, Middle Prices £258-1/4.
Tin. Standard, 3 months, Middle
Prices, £259-1/2, and de-
teating Japan's armles in China.
**** HOSTILE INTENTIONS If Japan now persists in carry- ing out her hostile intentions in extends the Far East and even
her aggressive efforts southward, her obvious move is to seek milf- tary allies against America.
This the "has done through Axis. the alliance with the This aliance should be taken by America as a warning and a threat to our sovereignty in the Pacific.
Japan through the alliance in- coming, ample supply is assured, forms us she won't hesitate to declared Mr. Chin Chang-wel, Com-carry through her
avowed inten- missioner of Civil Affairs of the ton of establishing a New Order. "Kwangsi Provincial Government,
in Asia: We must now realize.
In a speech at the Weekly Me- that when Japan is ready.she will morial Servcie on Monday Mr. Chip seize at of Indo-China, British announced that a loan of $1,000.- Malaya and the Netherlands East 000 has been secured from the Indies. If. "America interferes. Central Government for the pur-Japan will have Italy and Ger- chase of rice from Hunan and the many at. her side, first instaliment of 500,000 piculs Our policy now should be a is expected to arrive soon.
watchful, waiting game in the Meanwhile, Mr Chiu said, the Pacific. We should hold the forts Kwangsi Provincial Bank is also in Hawail and along cur Pacific placing an order with Hunan rice coast. America's policy la to pre- merchants of 200,000 peuls...
serve itself and to continue to
Mr. Chiu attributed the present ve the American way. We should food shortage Kwangsi to make it evident to all the totall-
several--causes, the most importarians-that-cur principle.objec tant of which are the poor harvest tive is to save Britain from of the late crop and the difficulty defeat.
of transportation which have re-
sulted in a soaring of the price of
rice.
H.K. STOCK
EXCHANGE
Wednesday, Oct. 18.
Yesterday's rates
were main-
tained in the few transactions re- corded this morning.
BUYERS
H.K. Banks, $1,218, Union Ins., $380. Providents, $4.40. Hotels, $3.20.
Lands, $30.25.
Realties, $3.30. Trams, $15:50. Electrics (New), $35.90. Telephones (Old), $23. Telephones (New), $9.25, Cements $15.25. Ropes $5,80,
Dairy Farms, $17. Watsons, $8.35.
SELLERA ..Providents, $4.50.
SALES
HK. Banks, $1,215. Hotels, $3.25/30. Lands. $30.25.
Lights (New), $6.75,'
Electrics (Old) $36,25 Telephones (Old), $23.25. Telephones (New) $9.25.
HONGKONG
SHAREBROKERS"
SALT WELLS IN KWEICHOW
Experts To Examine Deposits
small
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE-
9alow Nenu Saroni Silent
+
፧፧
SHAR BROKERS' WEDNESDAY 16 OCT ..Banks
Engr
ASSOCIATION
Belleza Sales Morainal
H.K. Banks
$1225
£70
Do. (Col. Reg.)
£**
Do. (Lon Reg.)
£7
Chartered Banks .......
298 Mercantile Bks. "A":
Mercantile Bks. "C".
Shipping
and one mark, 14 pfennigs Josef's
to
Johann thus pays about i per cent of his total income to the state before he tackles the other Indirect and increased war taxes, while childless-Josef-has-30-por cent of his salary lopped off, be- fore he gets it,
UNKNOWN SUM
THE BRANDY OF NAPOLEON Fournisseur breveté de IM; l'Empereurs
COURVOIS
COGNACS ET FINES CHAMPAGNES
DODWELL & CO,, LTD.
Unemployment insurance. 1,700,- SYMPATHIES OF
000,000 marks.
Dues and fees of the German labour front which are compul-
The total amount. Germany has sory and disposable by the state. spent in the seven and one-balt 500,000,000 marks. years since Hitler came to power
Winter relief contributions 400,-
In building up the military, naval | 000,000 marks.
air juggernaut which Government borrowings from and dominates the European contin savings, 9,000,000,000 marks.
In 1939, Hitler stated in ent may never be known.
a public address that the armed forces and the west wall had "cost 92,000,000,000 marks" ($36,800,000,000) but well-informed Sources here consider this only the partial cost of the most direct mill- tary expenditures.
It is considered that if the'
These moneys as well as other miscellaneous items round out the 50 per cent of the national: In- come. Since tax revenues are ex- pected to amount to 25,000,000,000 marks or more during the coming year this percentage may rise..
FINANCIAL PICTURE:
EGYPT WITH BRITAIN
Countries Bound By.
Intimate Interests
LONDON, Oct. 16 (Reuter)— "Eaypt was not a country of im». patience. It was a country of De- mocracy and her interests were in- timately bound up with those of Great Britain." declared Lrod | Lloyd.
י
"The following agures illustrate He added: "I the people of money spent for industrial re- the charges in the German Anan- Egypt have their way, there is no $1296 orientation for war production, as cial picture during recent years. doubt on which side in this war
In 1933 taxes amounted to less their energies as in well
€70
£52
£7
and
sympathies
government-ordered
would lie."- road building and other expenses than 7,000,000,000 marks. It is East arising from army expansion were estimated that tax receipts for
Lord Lloyd said that he was per- would the fiscal year 1940-41 will be computed, the total cost amount to several times Hitler's 25,000,000,000 marks partially due fectly content to await the deal- to an increase in the number of sion of the Egyptian. people, and he gainfully employed but 'mostly due was certain it will be one of enor- mous help to the cause for which In 1900-trom--eight-to-10-pez Britain is fighting. cent of the national income was swallowed up by taxes, compared with today's 34 per cent.
to increases in the tax rates.
NATIONAL INCOME The 50 per cent of the entire national Income which the gover ment controls and uses was es- timated by a German expert to be made up roughly as follows:
Reich taxes, 24,000,000,000 marks. Provincial and local taxes, public debt amounted to 11.600,- 75,000,000,000 marks ($30,000,000,- 000,000 marks ($4.640,000,000) | 000, although the officially, publish- 3,000,000,000 when Hitler came to power. At ed public debt figures in June 1940,
present it is estimated to amount totaled: 56,508,000,000 marks.
£io
£10
-872
Bank of East Asia......
$72
N. C. & S. Banks.....
Insurances
50 et Agure..
$185
Canton insurances.
$190
$360
Union Insurances.....
$380
| Underwriters”.......
91
€150
H.K. Fires........
$150
+14
3120
$120 Douglases
311 Steamboats
$8
8100 Indo-Chinas (Praf.)...
$100
36/3
$6.00
$100 5,000,000,000 marks,"
Social insurance. marks.
880
H.K. & K. Wharves...
888
-$4.40-8st
$440.
$4.40
$4.45/40
$181
$161 $10
$16
$261
14/0
፡፡
880 Indo-Chinas (Def.
38/3
Shella
$6.90 Waterboats
Docks, Wharves. Godowns, etc.
$3.20 $301
83.30 83
HI
58.30
#155
KWETYANG, Oct. 16 (Central)— -New salt wells are reported to have been discovered in Kalyang, central Kwelchow. The Ministry of Finance have dispatched a group of technical experts headed by Mr. Chu Ting-hu to make an investigation of the deposits there. According to Mr. Chu, the in- vestigation has shown that there are definite evidences of salt "de- posit, but the quality and quan- tity of these deposits need to be $30ź further tested. It is estimated $35 90 that a sum of $200,000 and a period of one to two years will
be required for the excavation of the wells
LONDON STOCK EXCHANGE LONDON, Oct. 16 (Reuter) -
sharp
In the Stock Exchange.n
was the rise in Gilt-edged stock chief feature of yesterday's trad- ing.
War Loans closed 13s. 6d higher at £102 15s, which is the highest reached in the current year. In-
ASSOCIATION dustrials and Gold-minings were Volume of Business Transacted quietly steady while Home Ralis tended to strengthen. .. Japanese on Wednesday, Oct., 16, 1940.
Bonds, improved. Di SALES
HK, Telephones (N), H.K. Hotels Unions
*50 $9.25 500
3.30 10, 380.00
560
Wall Street was steady.
LONDON, Oct 16 (Reuter)-Tho German Radio announces that Herr von Schulenberg, Ambar- Bales on Tuesday, the 16th instador to Moscow, returned there The total value is $5,912,50, after several weeks in Berlin
Providents ........ H.K. Docks (Old)m) H.K. Docks (New).............. 329778hanghai Docks......
Mining. Kailansunge
14/0
Rauba
lets., Hong Kong Mines....
Lands, Hotels and
Buildings
HK. & S. Hotels....... $3.26 H.K. Lands..
$100 Do. 4% Debentures.... 10 Shanghai Lands................. H.K. Roalties....
$7.10 Humphreys .....
Chinese Estates.
Cotton Mills
S'hai Cottons (8.)...........
Zoong Bings (8.)·······) Wing On Textiles (S.)
Public Utilities
B.K. Tramways....... $7.40 Peak Trams (old)........ $3.70 Peak Trains" (new)..........
360 Star Ferries.
$22
T'madi Ferries...
Chins Lights (0)
Chint Lights (New)... $6.30
H. K. Electrics ('Oldi...
$103
$36 $181
Emo (8.)
$3,80
830)
$100
+
$3.15
073
$36
$190
$125
ii
$282
$6.60
$38
26 65
$362
$36
H.K. Electrica(New).....
817
Macao Electrics (Old)
816
Macao Electrics (New)
+ $11
Sandakan Lights..
8231
#221
$9.25
$91
191
::
$12
.81
Canton Ices.
$161
Cements
$6.80.. $8
$96
$17 #17.40)
50 sta
$10
#
Furthermore, the published to between
65,000,000,000 and
PRE-PAID ADVERTISEMENTS.
The following classes of advertisementi are charged at the price given below z—-- SITUATIONS VACANT.
HOUSES AND APARTMENTS WANTED.
HOUSES AND APARTMENTS TO BE LET. MISCELLANEOUS WANTS
Announcements not exceeding 25 Words are inserted under this beading at a Pre-paid
Rate of $1.50 for THREE INSERTIONS.
If Charges collected, 82.00.
WANTED TO BUY
WE OFFER HIGH PRICES for any
amount of gold articles, diamonds, silver, etc. No holidays.
Apply China Building. 7th floor. $16.40 TL 30727. Eurasia Gold Refining
Co.
HOTELS
RUSSIAN CUISINE
MORE POPULAR EVERY DAY
METROPOLE HOTEL
TEA DANCES
Tuesdays
Thursdays
Saturdays
Sundays.
10 7.30 p.m...
$8
Telephones fold)..
Telephones (new)......
S'pore Tractions (Ord.) Industrials
[$ICS] Chid., Macg.. (Ord.) B.)
Cald., Mang. (Prof.)8)
H.E. Hopesün |„ 351⁄2
HE. Gori“TM Lesus
$99 4% Loan
31%
$90 $1%
· (1934). (1940), Miscellaneous Dairy Farina....
$6.60 Entertainments $1.80 Constructions (old)....
Constructions' (now).......
$1
$7.43 Lane Crawfords.......
Nanyang Tobacco...... $2 $2.13 Sincerca
30.45'). 98.75
Watsona
35,Ch. 0,5% 1925G3Bdı.
1.K. Wing On
S'hai Wing On
Vibro Piling
Marsmans Inv, (Low)
2/8 Maramats Inv, (H.K.)
Wm. Powalc AtSale to Shanghai
We pay high prices for all Gold $36.10 & Bliver articles, Diamonds, Jade and Gold dust. Apply China Gold Refining Co., Pedder Building, 2nd floor, Room 6.
WANTED KNOWN
ORDERS TAKEN for hand-made sweaters, Ladies jumpers, Babies' outfits, etc., at $5.00 each for workmanship.
74
Wool and model desired, to be 88%. supplied by customer.
Send particulars of address, etc., to Box 502, HKDP
Tha"WE" have an outstand- ing assortment of latest American- dresses for all occasions and price to suit all purses. Call at Vanity $9.20 Shop" (Lazarus) Pedder Street,
Experienced Book-keeper Wants Btudents 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: 402 c/o HKDF
FOR SALE
For Sale Fifty sets of Jubilee and Coronation Stamps 1st day Cover. What offer? Flease apply to Box No. 465 e/o The HK.D.F.
YOU
Are Invited to Inspect Our· Stock of
Asiatic, Foreign and Colonial
POSTAGE STAMPS In Sets, Single, Packets. Bags and in Approval
Sheets."
GRASA & CO.
Dealers in Fostage Stamps, Philatelle Goods, Picture Postcards, Religious Goods, Garden Beeds, & etc. No. 10 Wyndham Street
WAP. O Box No. 620.
Hongkong
ENGRAVEES
FEI FEI & CO; Photo Engravers
18, Cochrane Atreet. Telephone No. 22324.
-AUCTIONEERS
GREATEST COLLECTION OF
BARGAINS IN TOWN
LAMMIERTS MOTO Laminen, J.
Jimmy's
$9.35 $8.60
$39
78
$7
*$95
$17 $4.60 $1.85
!!
P