HONGKONG DAILY PRESS
Finance and Commerce
Malaya's Iron Millions Hanging In The Balance
Some of the biggest mining concerns in Malaya, which are run by Japanese, are affected by a question to be asked in the House of Commons regarding Japanese-owned tron mines in the State of Trengganu and Kelantan. Iron ore mining In Malaya Is almost a Japanese monopoly, says the Mafays Tribone.
one 212 Japanese concerns own two mines in Trengganu, Johore (Batu Pabat) and one in Kelantan, and in 1937 the total eutput of ote from these was 16,969 tons was 1,394,096 tons
The Ishihara
60 per cent..of metalle iron
In 1938 the total
•
tin and
Sangyo Kostat., Machang Sa'tahun, near Kemaman Ltd., has been mining ore at Batujsince 1928. Manganese, Pahat, Johore, since 1921, and the iron are mined on this property. ore mined contains approximately Transport is by rail to Sungei Pinang. where it is loaded into In Trengganu, there are two tongkangs,
Kuala and taken to Japanese companies mining fron Kemaman for shipment to Japan ore, the Nippon Mining Company in the company's own steamers at Düngun, and
In 1938, 905,316 tons of iron ore Sangyo Koshi. Ltd. at Kemaman.were mined in Trengganu alone. The Nippon Mining Company has been mining at Dungun since 1990. This
the
Ishihara
company runs ab ore train from the mines to loading jetties at Nibong on the Dungun River. and to Sura on the coast, a dia tance of about 18 malles
From the Jetties, tongkangs, are towed by tugs to steamers lying outside Dungan harbour. For three months during the north east monsoon loading is Invpossible. This company en- ploys a large labour force hum.“ bering about 5,000
Iron ore mining in Kelantan was begun in 1937. The Temangan Iron Mine, situated one and a half miles from the railway in Kelan- tan, is owned by the
Souther
H.K. STOCK EXCHANGE
FINANCE & GENERAL
FREE CHINA HAS TRADE
SURPLUS IN 1940
25
During 1910, Free China ports registered a favourable balance of trade to the extent of $79,975,000. Imports being $7,200,000 against $137,184.600 in exports. Taking China as a whole, the trade was unfavourable to the amount of $68.294,000 in 1940. These figures were released by the Chinese Maritime Customs.
Compared with-1939, the 1940 trade of Free China was much February, 25.larger and so was the surplus of exports over imports which in 1939 was $28.550,000. In 1939, Free China's imports were $42.033,000 and exports $60.583,000.
The market continues neglected.
BUYERS
Bank of East Asia, $76. Canton Ins.. $215. Union Ins., $411. HK, Fire Ins., $170. Providents, $5.75.
Lands 4% Debentures. $97.50. Trams. $17.50. Lights, $6.15.
SELLERS
Hotels, $3.80. Humphreys, $7.06. Realties, $3.40, Trams $17.75.
SALES Electrics (Old), $41.75/50.
HONGKONG
SHAREBROKERS'
ASSOCIATION
Volume of Business Transacted
on Tuesday, Feb. 25, 1941. SALES
Mine Company, Lid, with its head H.K. Electries (0) office in Tokyo:
was
M
to America Among the ports in Free China sold
last year BS Mengtst in Yunnan Province had against $325,879,000 in 1939. the largest volume of foreign trade in Free China in 1940. It imported $21,016,000 worth of goods and ex- ported $60,290,000. Ningpo second with $10,597,000 of Imports and $46,024.000 of exports. Chung- king. mainly a transit center for $4,788,000 goods. handled only worth of imports and $519,000 of exports during the year.
Hongkong took second place by Importing $367,502.000 worth of goods and Great Britain beld the third place by Import- ing $196,798,000 from China during the year under review. In China's Imports. the United States continued to hold second place by selling $435,486,000 worth of goods to the country. Japan, whole, through the Chinese territory she Chine Shanghai topped all other customs has penetrated, was able to dump parts with imports of $758.309,000 on the Chinese market $488,289,000 and exports of $1.372,810,000 last worth of goods in 1940, although year. I handled 37.09 per cent of she imported only $128,408,000 from China's total imports and 69.47 per China last year. British India was cent. of her exports. Tientsin was third in exporting to China $175,- second by importing $654,963,000 | 275,000 worth of goods in 1940. worth of goods and exporting (Central News). $156.022,000 worth of commodities during 1940. ...
100 100 50
300 $41.50
41,50 a
23.65
550
The total value is $19,162,50,
The ore mined on this property Yaurati Ferries contains approximately 54 per cent. Nanyang Tobacco .... tron All iron ore mined is ship- ped to Japan.
"
With regard to ore mined on properties on the east coast, ship-
Taking
as
Industrial Development Of India
LONDON,- Feb. 25
WEDNESDAY,
FEBRUARY 26." 1941. -PAGE 9
BLACK WHITE
SCOTCH WHISKY
THE
"STANDARD"
OF QUALITY EVERYWHERE
THOSE WHO KNOW SA Y, IT'S THE SCOTCH.
CHINESE DONATION, CONNEXION WITH SPECTACULAR INCREASE
TO AIR RAID FUND NORTHERN · INDIA · China's trade in 1940. registered spectacular increase from the
LONDON, Feb. 25 (Reuter) - A study of the earliest monu- 939 total of $2.373.377,000 to the
564 to Forwarding
the Lord
ments revealed the fact that in 3.95 1940 new high of $4,020,435,000. Of
Mayor's Air Raid Distress Fund the early periods there was a cul- the $4,020,436,000 foreign trade.
from members of their Chinese tural connexion between Ceylon- $2,044,365.000 were imports and
(Reuter) staff in China, a London business and Northern India. $1.976.071.000 exports, leaving After a tribute to the gallantry firm wrote: "We feel that this unfavourable balance of $88,294,-
This view was expressed, by Dr. of Indian troops in Libya, Eritrea proof of sympathy with the Bri
Archaeological viewed at the other S. Paranavifaną, and Abyssinia, Mr.. Amery,tish cause is This represents an improvement Secretary for India. dealing with end of the world as a worthwhile Commissioner, in the course of a over the 1939
deficit which India's war effort, said that India dividend on the generous herp talk on "A Glimpse at the Past of amounted to $312,859,000..
was now one of the greatest in-given by the Lord Mayor's Reller Ceylon." The lecture was delivered fat the G.P.Q. Library, Colombo, Despite this increased foreign dustrial countries in the world as Fund & couple of
recently. trade which netted the Chinese well as one of the greatest pro-Ching" Maritime Customs (in terms of ducers of foodstuffs and raw
ments must end in October each U.S. MATERIAL AID
year because of the monsoon, and cannot be resumed until the fol ore at lowing April
'The Ishihara Sangyo Koshi, Ltd.
iron been mining
has
STOCK EXCHANGE
Bayer-
Ballers Balen
Taufo
Burer
SHAR BROKERS' ASSOCIATION.
TUESDAY 25 FEB.
Banks
Boilets
TO BRITAIN
LONDON, Feb. 25 (Reuter) - That it would be at least in Sep tember before we found American production effective from the Bri
་་
DCO.
Chinese national dollars) $475,- materials
years ago
Ceylon art had an amnity with ISOLATIONISTS AND North Indian art. Some of the HONGKONG SHARE QUOTATIONS ish point of view was the opinion
expressed by Sir Walter Citrine. 700,000 in 1940 as compared with She was already making her
carved pillars found in the early LEASE, LEND BILL General Secretary of Trade Union $331,300,000 in 1939, Free China own rifles, machine-guns, feld ar-
stupas in this country were similar Congress,
who has returned to was only able to collect 20 per cent tillery and ammunition, and 90. WASHINGTON, Feb. 25 (Reuter) to the pillars found in Banchi London after a three months' tour of the total receipts, as most of
cent. per
of all miscellaneous - The well-known Isolationist, (North-Western India) said the of the United States and Canada.
the customs are, located in Japan-equipment for her forces
Senator Burton K. Wheeler, told lecturer. He believed that by September. C.D. $1350 British and American production X.D. 216 £73 £71 £23
$76
C.D. X.D.
$1400
£76
£73
Do. Loa. Reg.)
£7
£23
$76
15 ct.
****
would considerably overtop Ger- man, product'on. The peak of American production would not be reached until the middle or end or
£1
1942
ese-occupied territory which ren- The Indian Army. he said, is pressmen yesterday that if the The monuments of a later period ders the utilisation of the major being rapidly expanded to a force Lease and Lend Bill was passed, revealed an affinity between Ceylon
art of this important revenue at 500,000 men, armed, trained its opponents would conduct a
art and the art of South India. a coast to equipped and mechanised on
coast campaign in temporarily impossible.
The United States still, held arst modern scale, exclusive of troops jeffort to keep the United States place in China's exports. A total already serving abroad. of $565,869,000 worth of goods was
out of war.
An
Mator J. P. Appleby. Postmaster- General, presided.
$215
$411-
$170
!!!!
H.K. ` Banka
Do Col. Reg.)
Chartered Banke....
Mercantile Bks. "A".
211 Mercantile Bks. "C" Bank of East Asia.....
$1
N. C. & S. Banks..
Insurances
Canton Insurances..
Union Insurances.
Underwriters
H.K. Fires.
Shipping
$136 Douglases
30
$180
Steamboats
Indo Chiuss
(Pral.)....
$60 Indo Chinas (Def.)
40/16 Shells
$7
$98
Waterhorts
Docks, Wharves,
Godowns, etc.
1. K. & K. Wharves. Providants
$17.80 R.K. Docks (Old).. H.K. Docks"{Now}..
#17
$271 | +Shanghai Doeks...
(17/0
Kailans
$8 Ranlu
Mining
cts., Hong Keng Miues...... Lands, Hotels and Buildings
d.K. & 8. Hotels......
$33.K. Lands.........
Do. 4 Debantures....;
3
1:
$125
$5
$100 380
40/71
898
$5,50
$17
$27 $274
18/0
$5
A
$3.60
$3.00
$33.co
197
1971
83.40
$11.70 Shanghai Lands........ H.K. Realties.
#31
$3.40 $7.06
$7.08
Humphreya
$08:
Chinese Estates.........
:
$174
$8.15
::::
Cotion Mills
$42. Ewo (S)
8200 S'hai Cottons (8.)...
Zoong Sings 18.).....
Wing On Textiles (9.
842
$205
$125
Public Utilitles
#17/
LK. Tramways........
$174 $174
87:
Peak Trim fold)...
3
Peak Trams (now),
807
Star Ferries...
#24 Y'mati Ferries..
China Lights (0)............]" 86.10 · $1.97 Chin Lights (New)... 142/41. K. Electrics (1011...
$42 H. K. Electrica New) 517/
Macao Electrics (Old)] $16† Macao Electrics (New) 12 Sandakan Lighta........ $241 | Telephones (öld).................... Telephones (new) -- --- - - - S'pore Tractions (Ord.1) Industrials
$0.00
f:
Cald., Hack. (Ord.) 8.
$30
-$25
Cald, Macg. (Pref.)8)
$1
$17
Cemanis
+88
Canton ices.......
IT.K. Ropes an
HE. Gori. Loans
4% Loan
$97
$95
(31%
(1934)
**
#94
31%
(1940) Miscellaneous
$19.20 Dairy Farms
$
Entertainments
$1,60 Construction«
State Aid For Working Poor Law
Does the State Counch endorse the opinion of the Minister for Labour regarding the principle governing the grant of assis- tance by the Government to local bodies in "connexion with the Pour Law, as laid down by the Minister in a recent letter to the Mayor of Galle? This point was raised at a meeting of the Municipal Council by Mr. T. W. Roberts 'in the course of a dis- cussion of a motion by Mr. W. T. Wijekulasuriya, as a result of the letter.
וי
PRE-PAID ADVERTISEMENTS.
The following classes of advertisemente are charged at the price given belo SITUATIONS VACANT.
HOUSES AND APARTMENTS WANTED.
HOUSES AND APARTMENTS TO BE LET. MISCELLANEOUS WANTS.
Announcements not exceeding 25 Words are inserted under this heading at a Pre-paid Rate of $1.50 for THREE INSERTIONS. If Charges collected, $2.00.
WANTED TO BUY
It was decided that the corres- The Minister's letter, he con- pondence on the subject between tinaed, made it clear that the WE PAY HIGH PRICES the Council and the Ministry be Council would not get an annual for all gold and silver articles, sent to the Member for Galle in grant from Goversument for the gold bars, diamonds and jewels. the State Council with a view to Poor Law Scheme. The present Apply China Gold Retiring Co. bringing up the matter
in the position was that while the Cour-Pedder Building, 2nd floor, Room 6. State Council.
cil' money was spent
on the The Minister for Labour in a scheme, the administration of the recent letter to the Mayor of funds was taken out of its hands Gälle stated that prior to the in- and entrusted to another body. WE OFFER HIGH PRICES for troduction of the Poor Law in the
of toid articles. To allow that was to sacrifice any amount State Council the Minister of
their right to, administer their diamonds, silver, jewels, etc. No Local Administration explained to
Apply China Building. own fands. He could not see any holidays. his Committee that applications reason why
Eurasia Gold the Council :tself 7th floor. Tel. 30727. for funds, from the Central Gov- should not be held competent to Refining Co. ernment would be made in very do so.
exceptional cases and for specific
purposes; Section 5 of the Ordin-
MOTION SUPPORTED
WE PAY HIGH PRICES for all
Jade $7.40 give effect to this decision. Any by Mr. P. Dahanayake, Mr. T. W. gold and silver articles.
ance seemed especially worded to On the motion being seconded
834
357
$23.65
$4841 75
$41.65
$95
contribution by the Government | Roberts said that he was in sym-diamonds, jewels, watches, foun- would therefore appear to be to pathy with the mover. It was but tain pens. Apply Far East Dia- and Gold Refining Co enable the Municipality to in- right that as they paid the piper mond
Room 821, China Building, 6th 81.65augurate a special project and not they should call the tune.
to enable the local authority to He thought, however, that it Dor. rely on the Government for an would be wiser frst to try to get a annual grant to finance its Poor grant from the Government. Law Scheme.
$10
J
AMENDMENT OF LAW
Ee
WANTED KNOWN
His opinion was that the Minis- ter had misinterpreted Section 5
Why not learn all the Fancy Ordinance. In view of this letter Mr. W. T. of the
himself
Latest Stitches for your dresses Wijekulasuriya today moved adid not
it see anything in and Sweaters, motion emphatically protesting that would prevent a state grant.
JOIN THE KNITTING CLASS against the existence of the Public He would suggest that they go | AT $39.00 per month (Twice a week Assistance Committee composed of beyond the Minister and get the lesson). Please apply to Box No.
75 cts six members of the public and matter brought up in the State 854 c/o ELKDP.
$17
$84
calling upon the State Council to Council, urging on the legislature take steps to amend the law so their own view of the section in 97, that the Committee will consist of question, namely, that at the time
the whole Council.
for
the Ordinance was introduced, it ORDERS TAKEN for hand-made He said that at the time that seemed to be their intention to sweaters, Ladies' jumpers, Babies the Council's Poor Law Scheme give such a grant. In fact that outfits, etc, at $5.00 each was started, they were under the would be the only justincation for workmanship. unpression that the State Council the decision of the legislature to Wool and mode: desired, to br $1.65 would make a grant for the pur appoint half the members of the supplied by customer.
pose. It seemed to them that the Public Assistance Committee from Send particulars of address, etc. #7 State: Council was empowered to the public,
to Box 502, HXD.P.
$7:10
$1
fold).... Constructiona (new)...
#71
Lane Crawfords.........., an Nanyang Tobacco......
$3.80
$2.16 Bincerc
$2.10
$10.95 Watsons
$10.08]
42
Ch. 0.5%, 18250*Bdr
38
$39
.K. Wing On
$39
S'hai Wing On ......
$14
$6
Marsus Inv. (Lon.
6/3
2/8
$7.70 Vibre Piling
Mons Inv. (HK)
11.90 Wm. Powells
China Lights(Bights)]
+Sale to Shanghai
do so by Section 5 of the Ordin-
ance. That impression was con-
After some discussion in Com-
firmed by the fact that another mittee, the Council resolved to
section of the Ordinance em--
send the correspondence on the powered a Public Assistance Comsubject to the Member for Calle mittee to carry on the scheme in the State Council for necessary That Committee was composed of action. $1.90 six members of the Council and
***
Experienced Book-keeper Wants Students to form a class, Guaran- tee students to keep a whole set of books after completion of a course Mr. Wijekulasuriya's motion was of 6 months. For Term and Par
six members of the public ap deferred, pending the action of ticulars. Please Apply to:-Bov
the State Counell member. pointed by the Governor,
N 462 a/o E.K.D.F
FOR JADED APPETITES!
HOTELS
REAL RUSSIAN FOOD
·Tiffin $1.20 • Dinner $1.50
METROPOLE HOTEL
PACKING CONTRACTOR
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BEST CAMPHORWOOD TRUNKS NO, 8, "QUEEN'S' ROAD EAST,.
WANCHAI
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in 24 hours notice and 5 hours for a pair of trousers,
ENGRAVERS
FEI FEI & ∙CO. Photo Engraveri 18. Cochrane- Etrest. Telephone No. 22224.
AUCTIONEERS ·
2
GREATEST COLLECTION OF BARGAINS IN TOWN!
LAÝMERTS AUCTION ROOM Lautneri, Brutiner. DA QORA, AN
Tekcal ma
TEA DANCE
DAILY
EXCEPT MONDAYS
5 to 7.30 P.M.
Jimmy's
BUTTERICK
Expert Ladies Tallor New Style Ready Made Dresses, Overcosts and Costumes
FOR SALE.
16, Wyndham Street. Tel 23615
For Sale Hong Kong Centenary Envelopes
With Views of Hongkong in
1841 and 1941
Lor
First Day 1sque of
Centenary Stamps
at $1.00 per doz. Envelopes
GRACA & CO. Dealers in Postage Stamps, · Garden. Beeds, Picture, Books, etc. No. 10 Wyndham Street," Established 1896..
Hongkong.