HONGKONG DAILY PRESS
Finance and
and Commerce
WAR DAMAGE TO PROPERTY
NEW SCHEME FOR COMPENSATION
BRITISH EXCHEQUER PARADOX
ex-
CHINESE ENGINEERS
MEETING
Chen - Minister of
A galaxy of the nation's leading LONDON." Dec
12 (Renter? engineers gathered in Chengha British Exchequer returns for the yesterday when the ninth annual LONDON, Dec. 12 (Reuter? last week, up to Dec. 7. reveal meeting of the Chinese Engineers
Bociety was held. Under the new scheme for com-an apparent paradox, pensation for war damage to pro- The whole total ordinary perty, announced in London yes penditure rose to the record high terday, the rate or contributioneel of £110 millions but the on buildings and immorable pro- expenditure of "supply perty will be 2/- per pound sterl- (largely for war necessities) ing of rateable value or value st nearly £10 millions -below the which property is assessed for in-
previous week at £80.5 millions come tax purposes for five years.
The difference between two is slight.
services
Was
FINANCE & GENERAL
BIG PROGRAMME URGED ON PHILIPPINES BY
AIR BUREAU
Estabilhment of an aircraft factory and a central national airport in Manila and setting up of a civilian pilot training pro- gramine are some of the recommendations made by Captam. B. Fernando, Director of the Bureau of Aeronautics, in his annual report submitted to the Secretary of National Defense, writes Alfonso Denors in the Manila Bulletin." Stressing the importance of terested in aviation and create training programme in connexi'n a reservoir of civilian Filipino pilots for military purposes, as well as for the use of the air- Philippines, Captain Fernando sald with the aerial defense of the
line companies, all of whose the "main drawback in the civilian
pilots are American." is the high cost of flying Instruës
NATIONAL AIRPORT. NEEDED Society, Mr. Ku Yu-chuan, chief Education and chairman of the activities in the Philippines
He said the dire need of a cen- executive, and Mr. Hau Ying-tseng. ton offered by local private aviA-
tlon schools. If private ind vidusl chairman of the Chuoctas
are-left financially unaided in the trai national airport has long been branch of the Society, attended..
Dr. Wong Wen-hao, Minister of pursuit of their interest in aviz felt. Several after have been sur- Economic Affairs, and Mr. Ku Yu- tion, even in the distant future veyed and found adequate it de- set clent funds have not been The high record reached by sin. Vice-Minister of Education, only few Filipinos would become veloped by the bureau but suff-
fair-minded, according to hla re-
pside. total expenditure was, therefore, were expected to be present also.
port.
"It is believed," he said, “that Discussions during the meeting, due to the fact that at the be-
TRAINING PROGRAMME
Manila with its cosmopolitan According to a calculation made ginning of December the usual it is understood, centred on the by one of London's leading in- disbursements of
He said all countries of the population and its strategic posi interest on industrial plans laid down by Dr. surance experts for Reuter's, the stocks amounting to a large
sum Sun Yat-sen, and the decisions world have adopted a civilian pilot tion in the cross-roads of Far will be forwarded to the Central training programme whereby Eastern air commerce, would be contribution represents the pay-were made,
authorities for reference. More physically able young men and greatly benefited by the construe- ment of 2 per cent of the net
than 50 theses were read.(Cen-women inclined to fying are givention of such an airport. The local capital value of property..
and enances to fly at government ex-airline companies tral News).
private
(raus,
thus eliminate net on property with a
pense, He said the vast supply of operators would capital value of £1,000, the rate-
pilota and skilled ground force of from their cost or operation ex- able value would be about £50.
the German war machine is due cessive hangar rentals and airport to such a scheme started long be-administration by, avalling them- fore the present war, and the selves of the use of the central United Stater is spending an enor-national airport."
these
Two shillings in the pound on the latter sum gives a total small
of
The total ordinary revenue Britain improved by Over
€10 millions last week to nearly £24 ml:ions, but the deficit for the weak increased to £66 millions
payment of £5 and of £25 during BIG Ú.S. LOAN TO
five years.
This representa 2 per cent. of the met capital value but it is
ARGENTINA
WASHINGTON, Dec. 12 (Reuter)
BURMA ROAD
11
LINK WITH
INNER TIBET
ous amount in its five-year civi- Han pilot training programme sole CHUNGKING. Dec. 12 (Reuter) by for the purpose of training civi-
A DRAWBACK Another drawback in the prum
emphasised that this contribution The United States is lending-A new highway directly linking lan pliots who may be called at are of civilian aviation in the to $80,000,000 to. Argentina and the Burma Road" with Sikeng moment's notice for military pur- Philippines is the cost of physical Examination required of applicants entitles the property owner
damage $7.500,000 to Uruguay, announced (Inner Tibet is now under con- poses. Citing other advantages of
for airplane pilots' Hcenses: He any compensation for
such Jesse Jones. Federal Loan struction.
1 a programme, he said:
recommended that the privilege of suffered from the beginning of the Mr.
Meanwhile construction is also
"The programme has further free physical instruction given by war until the end of August, 1941 Administrator, in Washington "yes-
under way on a road near the made light plane manufacturing the Philippine Army to applicants -a period of two years.
Yunnan-Burma Railway as well as one of the leading industries for aying training also be extend- as on the Yunnan-Szechuan Rail- today in the United States. It has ed to civilian pilots.· II PA fight. way which were both started last created employment for plots and surgeons are not available. he year.
mechanics both in private flying urged that the bureau be provided and in the airlines.
HONGKONG
STOCK EXCHANGE.
Bayır Sellers
$1360
terday.
SHARE QUOTATIONS
SHAREBROKERS' ASSOCIATION
Xomina!
THURSDAY · 12 DEC.
Banks
Iarr
1360/65...
H.K. Banks...................
£80 Do. Col. Beg.)
Da. Lon. Rag.) .... Chartered Banka
£771 £7 296 Mercantile Bks. "A"
Mercantile "ks. "C".
Bank of East Asia.....
N. C. & 8. Banks.....
. Insurances
Canta InsuraŃCUL...........
$395 Union Insurance. ............... Underwriters .............
$150 H.K. Fire
£10
374
"$185
198
$1
$1300
Baltaru Sorin
1380/1395..
£30
£77 £7
£10
$14
19 ct.
$390
14!
The Yunnan-Burma Railway engineering office in Kunming is entrusted with the surveying and building of the new highway.
The preliminary road bed is ex- pected to be completed before April 30, 1941,
"A similar programme for "the Philippines would develop the capabilities of Filipinos `in-
tions.
FRIDAY,
DECEMBER 13, 1940. -PAGE
CHRISTMAS
AND
NEW YEAR HAMPERS
NO. 4 HAMPER
1 quart Lanson Dry Champagne Black & White Whisky Gordon's Dry Gin
Courvoisier Three Star Brandy. Hunt's Old Brown Sherry
Hunt's Fall Rich Port
+1
Pommar) Burgundy
12
Sauterne White Wine
Gordon's Sloe Gin
A pint Gordon's Creme de Menthe
NO. 5 HAMPER
1 quart. V. C. P. Champagne
1
1.
*
1
n
23
Black & White Whisky -
Gordon's Dry Gin
Courvoisier V. O., Braudy
Sandeman Brown Bang Sherry
Sandeman Partner, Fort
*1
Sauterne White Wine.
Pommard Burgandy
Laubenheimer Hock
Margeaux Claret
Gerdon's Ram Shrub
1 pint: Gordon's Creme de Menthe
-$55.00
-$70.00
Special Ham ers mare to suit Customers requirements.
DODWELL & CO., LTD.
WINË DEPARTMENT
Quen's Building.
Aircraft' Factory Essential
Telephone 20696.
| experimentation and research,
He urged the establishment of suitable substitutes may be found. with its own fight surgeon who an aircraft factory and the under-among our producta.” -
He urged that funds be provided will give tree physical examina-taking of research and experi-
mentation, saying:
for research and experimentation to determine the feasibility of na- ing-local materials in the construc- tion of airplanes and also for the establishment of an aircraft fac-"
which may
rush. utilise materials,
Still another drawback is the difficulty that most Falpino air- plane pilots holding private and commercial licenses find in renew-
"The frantle efforts of the. Allies in the present. War” to secure aviation paterials, equipment and facilities from
LIGHTER WORK ing their licenses due to the high without (United States mostly)
IN THE DARK
ROOM
STRONGER BRIDGES SHANGHAI, Dec. 11 (Reuter) East Plans for widening the road and strengthening the bridges of the Burma highway have been map) ped out by the..Ministry of Com-f munications, to facilitate the! A new photographie" paper pro- shipment of war supplies toduced by a British firm is likely to China, states, the Chinese Press, revolutionise printing room techni-
Plans are based so that a minique. mum of 600 tons of goods can be
$185
·80 ct. $150
cost of the minimum dying time they are required to make before their licenses can be renewed A private pilot is required to fly not less than 15 hours each year, or P.225 a year, at a minimum cost
of F.15 per hour." He recommend-.
should be a glaring warning and lesson to all nations in- terested in the proper develop- ment of industries' and natural resources which may be utiliz ed in times of emergency. "The establishment of an air
tory
CHUNGKING, Des Iz (Reuter -Traffic over, the "north-western highway between China and So-" viet Russia has greatly increased
ed that actual expenses incurred craft factory in the Philippines during recent weeks, almost by them in making the required, would not only furnish an ade doubling the
our natural resources. By proper munications quarters.
amount of traffic flying time for renewal of their quate source of airplanes for our two months ago, according to the, All amateur photographers know icenses be refunded by the gov: needs but would also help develop Ta Kung Pao quoting 'China com #136 transported and all bridges can that when pictures are being permit a minimum of ten tons printed from a weak negative, a of goods in one transit by trucks. specially vigorous paper is requir; $100 The plans will be immediately ed. If the negative is bold, in con- 35/7
It into effect.
trasts of light and shade, then a
Shipping
$136 Douglas
$11
Steamboate
#91
(Prof.)..
$100
$80
Indo-Chinas (Det.)
35/7
Shell
$7
$100 Indo China
392
₤35.00/7
$18
$18
$17
$30
16/3
$3.45
$33
$13.80
1
!!!
17.38 C.D.
.:
ག: 1:ཛྫི
201
191
Waterhests
Docks, Wharves,
Godowns, etc.
1.K. & K. Wharves... $92 Providenta
H.K. Docks (Old)...........) #18 1.K: Ducks (New)... $174 +Shanghai Dock........
Kailans
Ranbe
Mining
cta. Hong Kong Mines.....
Lands, Hotels and Buildings
H.K. & 8. Hotels
$100 Do. 1 Debentures.
#1 Shanghai Lande.......
B
57
$5.55 $18
4PS
331)
18/3
Meanwhile the Yunnan Prospecially soft paper is necessary, “
vincial Government has ordered
a géneral Improvement of the road between the Kunming and Ipingling sectors and the com- scheduled pletion of this work is for April, 1941.
*
H.K. STOCK EXCHANGE
The market was less active today, $100 trading being on a smaller scale.
BUYERS
Bank of East Asia, $74.' Wharves, $92,
Providents, $5.50.
$3.603
$1.60
H.K. Lands...
$334
H.K. Realties...
$3.80
Humphreys ma
$71/8
300
Chinese Estates.......
Colton Mills
837
X.F. $381
Hotels, $3.45.
$165
Lands, $33.50.”
$125
Humphreys, $7.75.
Trams, $1750,
B171 $7.40
Star Ferries, $59.50.
$501
$24
Chins Lights (New)....
$7,30 17
$40
#394
$7.10) V.D.
840
$10.90 $103
$40
$165
Ewg (9.)
6'bai Cottons (3.). Zoong Sings (S.)..... Wing On Textiles (8.) Public tilities
H.K. Tramway.......
$7.40 Poak Teams (old)....
Peak Trams (new).......
Star Ferries
924) 'mati Ferries.........
Lights (0) Ching
H. K. Electrics (Old)....
H. K. Klectrics(New)..
$178. Macro
Macao Electrics (Old)
$16 Macao Electrics (New)
Sandakan Lights........
fold)..... Talephones Telephones (new)....... S'pore Tractions (Ord.) Industrials
$14.90 Cald., Macg. (Ord.) 8.
$11.90
€25)
$12
Cald., Macg. Pref.18
$1
Canton Icas 30 ots.
#18)
$18
Cemente en
$181
$7
H.K. Ropes
17
#7
894. 31%
$16.00
18
7
$1,00
$1
(1934)
(1940)....
$18,85 $7
$10
Entertainments
HE Gort, Loans
308 4% Loan
194 91%
Miscellaneous-
Dairy Ferms.
Constraction (old). $1.60
Constructions (DOT); }^0.
Lane Crawfords...
Nanyang Tebao.
$2.16 Sinceres
Watsons
35. Ch. G.5% 1925G$Bda, $29
H.K. Wing Da
What Wing Un.
Vibro Piling"
7/8 Maramans Inv. (Loa
$I]
$10.60
Lights (N), C.D. $7.10
Electrics (0), $40. Cements, $18.10. *** Watsons, $10.25. Entertainments, $7. Constructiona, $1.60
SELLERS Cements, $18.50. Vibro Ping, $7.70. BALES
$251 $10
H.K. Banks $1365 Docks (0), $18.
B8%
*3305
!!!
Providents, $5.50 Watsons, $10.50.
HONGKONG
SHAREBROKERS.
ASSOCIATION
Volume of Business -Transacted on Thursday, Dec. 12, 1940. SALES
HK Banks Cements China Providents ...
$2.50 Dairy Farms
H.K, Docks
14 HK Hotes
#10)
$101/60
$7.70
AS, Watsons
2/0
Marmaris Lov, (H.K.)
Union Ins
#1:0 Wm. Powe
01.90
*Sale to Shanghai
are
The matching of paper with negative is so important that sotne bands of paper made in as many as seven de- grees of contrast. Now, thanks to the disness all the photo: grapher needs is one grade of paper called multigrade which is capable of yielding prints of any degree of contrast,
ernment.
PRE-PAID ADVERTISEMENTS.
The following clauses of advertisements are charged at the price given belows— SITUATIONS VACANT. HOUSES AND APARTMENTS WANTED.
HOUSES AND APARTMENTS TO BE LÉT. MISCELLANEOUS WANTS..
Announcements not exceeding 25 Words are inserted under this heading at a Pre-paid
Rate of $1,50 for THREE INSERTIONS.
This all-purpose print does not depend for its effectiveness on any manipulative skill. All that is re- quired is to place an appropriate colour Alter in front of the light: used for exposing. Now..a photo- WE PAY HIGH PRICES
WANTED TO BUY
If Charges collected, $2.00.
HOTELS
FOR JADED APPETITESİ
Tiffin $1.00 . • Dinner $1.25
grapher, instead of deciding what for all gold and silver articles: REAL RUSSIAN FOOD particular type of paper is best for gold bars, diamonds and jewels. his negative. will be able to take Apply China Gold Renning Co. the one brand and produce the Fedder Building. 2nd floor. Room 6. precise effect he is seeking merely
by the use of a colour filter..
When a year ago one of the firm's representatives left for
WE OFFER HIGH PRICES. for Fold articles. of South America, he took stocks of any amount this new product with him, ac diamonds, silver, etc. No holidays. tually before the new technique Apply China Building, 7th floor. was announced at home.
Tel. 30727. Eurasia Gold Refining Co.
Detained Chinese
Goods In Indo-China.
SHANGHAL, Dec. 12 (Reuter)
WANTED KNOWN.
ORDERS TAKEN for hand-made sweaters, Ladies' jumpers, Babies'
The Chungking Foreign Ministry outfits, etc., at $5.00 each for has protested to: Vice Admiral workmanship.
METROPOLE HOTEL
TAILOR
LAM SHIU SHEK
334, Nathan Road, Kowloon, Tel. 57712. Guaranteed delivery 1 gult
In 24 hours notice and 6-hours for a pair of trousers,
Help your Friend and
his Hobby by giving
Jean Decoux, Governor-General of Wool and model desired, to be POSTAGE STAMPS Indo-China, upon the receipt of supplied by customer. reports that he had istmed instene- Bend particulars of address, etc.... tions to the French Customs au- to Box 502, HKD.F.
dispose of detained. thorities to Chinese goods by publle auction. says the Chengylenpio
Thao "WE" have an outstand- ing, assortment of latest American
18.10 America To Control dresses for all occasions and price
10. $1,385,00 200 1,500
50 19.25
5.50
27-
19.00
(0)
100
200
4600 1,600
The total value 18 $43,488.00
or Of Iron
Export
WASHINGTON, Dec. 12 (Reuter) 18.00-President Roosevelt yesterday
to suit all purses. Call at "Vanity Shop" (Lazarus) Pedder Street
17.30 ordered iron ore, pig ron, terro Experienced Book-keeper Wants 3.60 alloys and "certain iron and steel students to form a class. Gaarzn- 10.50 manufactures and semi-manufac- tee students to keep a whole set of 392.50 tures to be put under the expart books after completion of a course licence control owing to the in- of 6 months For Term and Par crease of national defence require- ticulars Please Apply to Tx
No 462 elo HKTP. ments.
for
bis collection
and
SEEDS FOR HIS GARDEN,
We can supply the goods of. his and your want
GRACA & CO. Dealers in Postage Stamps, Garden Seeds, etc., etc. 10, Wyndham Street.
Established 1800
Hongkong
TEA DANCE
DAILY
EXCEPT MONDAYS
5 to 720 PM.
ENGRAVERS
FEI FEI & CO. Photo Engravers 18, Cochrane Street. Telephone No. 22234,
AUCTIONEERS
GREATEST COLLECTION OF BARGAINS IN TOWN!
::
LAMMECTS AUCTION HỒM
;་
Potopala N- 2922).
Jimmy's
BUTTERICK
Expert Ladies Tailor New Style Roady Made. Dresses Overcoats and Costumes FOR SALE.
16, Wyndham