HONGKONG DAILY PRESS
"NO INFLATION TO
PAY FOR
FOR WAR”
The acting Australian Prime Minister and Federal Treasurer, Mr. A, W. Fadden, said that the one method for financing the next Rudgel which was irrevoc ably rejected as far as he was concerned was inflation of the nation's money supply.
"If we adopted that policy. Hitler and his gang might bene--
would not." fit. The great majority of Australians certainly Mr. Fadden said.
POWER ALCOHOL "SUPPLIES
Representations from Tasmania urging the use of that State's timber resources in the production of substitute motor fuel have im- pressed members of the Power Al- cohol Committee of Inquiry.
FINANCE & GENERAL
Chinese Motion Picture Industry In South Seas
Chinese talking pictures in Mandarin and with themes on the war of resistance and uational reconstruction are greatly welcomed by the Chinese in the South Sea regions, declared Mr.
· Lo Ming-yu, General Manager of the China Films Corporation and Chairman of the Hongkong Branch of the China Educational Films Association, in an interview with CENTRAL NEWS.
Mr. Lo has made an extended tour of British Malaya." Thailand
The committee recently conclud- and Burma during the last three
"Our fundamental problem is He believed that Australia could i one not of money, but of produc-go considerably further along the ed a four-day meeting at Canber-months to study the Chinese movie tion. The more We can enlarge same lines. the volume of real production, the lighter will be the burden of war costs. A liberal monetary policy, such as the Government has tol- lowed, is essential to the attain- ment of a maximum output."
Mr. Fadden said that it had been stated that the boilermakers and ironworkers had decided to continue their ban on overtime because he had promised higher taxation in the next Budget. It was entirely an inference by those unions themselves that their
members, or anybody else, would be subjected to higher taxation in
the next Budget.
"We must recognise, how ever, that our resources are not unlimited." Mr. Fadden said. "As the sizin upor them STOWS, more and more productive effort must be changed очет to essential things:
LI
"I am concerned with this basic economic problem even more than with the Budget as such,
|
ra, during which it critically ex-bustness there with a view to its amined in mass of evidence and development He returned here a detalled information on the pos- {ew deys ago from Chungking sibilities of large-scale production where he had reported his mission of power alcohol in Australia, to the Central authorities.
A further meeting, to be held Mr. Lo highly lauded the better. before Easter: will be necessary to taste of the Overseas Chinese attempt to reconcile conflicting those countries in the field of mo. views on some points,
tion pictures. He said that Can tonese "talkies" with "fantastic
STEPS TAKEN
fri
CROMWELL MAY
GET P.I. POST
SUCCESSOR TO MR.
F. B. SAYRE
Washington Feb. 25.-Discussion of a successor to Mr. Francis B Sayre, United States High Com- missioner in the Philippines, li
occupled Board of Insular Affairs
Although steps already taken in stories which won wide popularity he is recalled here, yesterday pre- Australia, will this year double the there before now gradually output of power alcohol from being squeezed out of the market
arc
In same informed circles, it was belleved that Mr. James H. R. Cromwell, former Minister to Canada, was likely to be designat-
of
ed
Mr. Cromwell has lived at Hono-
MONDAY, MARCH 10, 1941.-PAGE
25
If you Value
your Health-
Insist upon
Gordon's GIN
NO Colouring
Matter No Injurious Ingredients
"
GORDONS
DRYGIN
DESTELLERY LORENCES
HONGKONG TO PUSH SALES OF CHINA'S WARTIME BONDSER
officials, "Upon our success in maintain- molasses, the committee is already by the Mandarin pictures or the ing a smooth and expansive flow agreed that a further increase is war and national reconstruction
TO FORM BRANCH of economic activity depends cur possible. It is understood that it
Mr. Lo revealed that to further ability to meet the higher costs. considers sugar, wheat, and tim- not only of war, but of increased
bet 13 be the best economic promote education by means pensions, family endowment, and sources of supply for this cour-motion pictures in Singapore, pre- 290.000 More To Work the like. That is what makes co- try.
parations are being made for the lulu and visited the Philippines It has been stated on behalf of "While it is clear that war ex-operation between all Industrial
formation of a branch of the four times, it was recalled." Tasmanian interests that waste china Educational Film Associa- penditure will continue rising. in classes so vitally important.".
Mr. Fadden said businessmen
Mr. Cromwell, a close friend, of timber from Tasmanian paper tion in that port. the period ahead, and that the
engaged in mills might offer a cheap supply chimese in Singapore has decided at the White House as recently as One wealthy President Roosevelt, was received next Budget will be bigger than and all who were the last, it is for Parliament to directing enterprise were under an of raw material
to estabikh several theatres in a week ago. decide how funds will be raised obligation to meet the situation
This suggestion "will be investi
various places Malaya for Although resolutely and not be deterred by gated by one of several sub-com-
returned he
from Mr. Fadden continued."
uncertain prospects.
mittees into which the main com: Thalland, the Chairman of
In Canada under a cloud as a result screening Chinese pictures. He added that aggregate em-
Everyone; employers and emmittee has been divided until it
the of a belligerent pro-British anti- ployment in Australla had inployees alike, must put the na meets again for final considera- Chaochow Guild, Mr. Chen Ching-Nazi specch he made last Spring creased by 290.000 (13.5 per cent)tional interests before individual ton of the report which will be chwan, is building a large theatre at Ottawa, he is well liked in
In response in the past 18 months.
Generalissimo Mr. Tao Chang-shan, Assistant interests in all things. So far presented to the Government.
for showing Chinese ptc-]diplomatic circles. He would be in- also tures.
clined to follow the tradition of Chiang Kai-shek's appeal made Secretary-General of the Wartime This represented an absorption business confidence had been as
Although members of the com-
ta inte civil employment of at least steady as a rock. Let Australia mittee are understood to be agreed Mr. Le said that while in Chang- Mr. Paul V. McNutt, former High on Mar. 4, the Hongkong Liberty Bonds Campaign Committee
to Chungking, has arrived in "Hong- 220,000 people.
ensure, that it would continue so that large-scale. production of king he was reatly impressed by Commissioner to the Philippines,Bonds Committee has decided
the kong. He has conferred with Str power alcohol is in Australia's in- the untiring efforts of the au- although he is less ambitious, launch a campaign to boost terest, the stumbling block con-thorities to develop the motion colourful and dynamic than Mr. subscriptions to China's wartime Shouson Chow, Mr. Cheng Tieh-
means of Mc-Nutt, observers believed.
bonds as soon as these bonds are ju. Manager of the Hongkong tinues to be unavoidably heavy picture industry as a
Bank of China, Kr Chiến Tung propaganda.. Both the establishment costs.
Mr. Cromwell was understood to shipped here from Chungking. Central
The Hon. Sk Shouson Chow | pu, General Manager of Motion Picture Studio under the base made some preliminary con-
of the Committee, Bank of East Asia, and Mr. Central Publicity Board and the tacts in anticipation of the ap- Chairman China Motion Picture Studio un-pointment.
revealed that he had received per-eng-ku, well known Chinese mer- der the Political Affairs Board of Officials were said to be con-sonal letters from both Genera-chant here, on the matter
Dr. The wartime bonds in question the National Military Council are sidering the recall of Mr. Sayre in ssimo Chiang Kai-shek and
Vice-President ufare of two kinds, namely, the working overtime to increase their order that he might be made a E.H
State* Department counsellor the Executive Yuan and con- NC.$1,200,000,000 Military Supply .. productions.
whose task would be to conduct currently Minister of Finance. Bonds, and the U.S. $50,000,000 research into £
£10.000.000 Reconstruction of asking him to push the sale of and Dost-war reconstruction.
the bands in Hongkong.
HONGKONG
STOCK EXCHANGE,
Bears Beliers
::
Bales Nominal
SHARE QUOTATIONS
SHAREBROKERS" ASSOCIATION
SATURDAY
8 MARCH.
Banks
$1340
$1345
H.K. Banks
ETT
Do. (Col. Reg.)
£75
Do" (Lon. Reg.)
Chartered Banks.......
£23
£11
$76
-Sellers Bayer
Aanst
Jamin
15 ct,
Mercantile Bkı. “A”,
Mercantile Bke. "O".
Rank of East Asia.....
N. C. & S. Bakı..... Insurances
Canton InsaTADIN............ |
Union Insurances.
$76
$210
#417
$1
Underwriters
$170
H.. Fires....
$971
$9
$80
$60
43/9
$7
Shipping
$135 Douglases
Steamboats...... Indo-Chinas
(Prof.)...
"Indo-Chinas (Def.)
Shella
Waterboats *******
"Docks, Wharves,
Godowns, etc.
H.K. Docks (New)....
:
$1345 £77
$75
$83
Millionaire's Hell Voyage
Starving and exhausted,
American millionaire and six other
men have reached the Bahamas after a fifty-eight days" "hell
£11 voyage" across the Atlantic in a
yacht.
***
$215
$415
75 cts.
$170
$125
$60
43/9
$7
For seven weeks they had to rely on salis. Their engine and
CHINA LECTURE MEETINGS
IN SHELTERS
The China
Campaign Commit-
their radio had been smashed by tee, co-operating with the London a storm. Part of the time they Evening Institute and the Lon- drifted helplessly in a gale "which don County Council authorities, ripped their sails.
are organising China lecture meet
At one stage they were reducedings accompanied, wherever pos- to eating pancakes made of noth-sible, by film shows and lantern. 3100ing more
than our and water slides in underground public air fried in engine oll
rald shelters within the metropo- litan area.
895
.K. & K. Whirres...
295
85
Providents
$5.75
$17.80
HK. Docks (Old)....
817
$17
#17
827
3261
4170
170
躯
$3.40
$6,70
$8
+Bhanghai Docks..
Mining
Koilars. Rauts.
eta. Hong Kong Mines......
Lands. Hotels and Buildings
A.K. & 8. Hotel
832 H.K. Landa..........
Do. 1% Debentures. Shanghai Landı.....
B12
$3.20 H.K. Pealties.
Humphreys... 198 Chinese Estates..
Cotton Mills
$411wo (8.)....... $200
:
$320 #8.40
331
::
$6,70
An Italian submarine stopped the yacht, turned its guns on her, and then let her go.
The millionaire is Mr. A. B. Clarke, who bought the 145-ton yacht Noroit, from Earl Beatty.'
He salled from Falmouth
against the advice of friends
and experts after failing to
obtain other means of trans-
port to the United States.
programme
Kung,
to
Bonds
PRE-PAID ADVERTISEMENTS.
The following classes of advertisements are charged at the price given below:-- 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.
FOR SALE
"As there are thousands of large and small shelters throughout London, large scale arrangement of such meetings reqquires organi- sation and more speakers, films,
FOR JADED APPETITES! One Secondhand 30-ELP. Ford slides and literature for giving v-8 Truck, unladen weight one ton true information about China, the 5 cwt-and onc, Austin 10 Car. Chinese people and the Chinese Further particulars from Messrs. culture.
The suggestion occurred to
Lowe, Bingham & Matthewa,
the
||
133
His scratch crew consisted of China Campaign Committee from three Britons and three Danés, experience in mid-January when certain Chinese residents in Lon- One of the Britons was Norman
WANTED TO BUY Harry Middleton. He was on holl-don, invited by the professional
London County Council lecturer WE PAY HIGH PRICES addressed meetings in shelters on for all gold and silver articles, gold bars, diamonds and jewels. Apply China Gold Refining Co. Pedder Building, 2nd floor, Room 6.
$97 day at
3.15 Clarke, who invited him to join
the crew
Dartmouth when he met
"I deeply regret the wild excur- sion," said Middleton. "We were 841 nine days out when we struck #200 terrific gales which wiped out the radio and engines and ripped the $125
sails.
China,
It turned out that the audience was most appreciative, warmly welcoming the educational past time to dispel monotony during
WE OFFER HIGH PRICES for
amount any
of gold articles:
air raids and black-outs. This afforded an excellent opportunity for promoting further understand diamonds, silver, jewels, etc. No "We drifted for three weeks being between the Chinese and Bri- holidays. Apply China Building,
S'ha Cottons. (6.).... Zoong Sings (8.)------|
Wing On Textiles (8.))
Public Utilities
$164
H.K. Tramways...
$16,
$7
Peak Trams (old)......
87.40
fore landing at Madelrs.
$3
Peak Tramas (D6W)....
864
$37
Star Ferries........
$64)
823.65
$8.15
$41
$40.80
$6.15
$41
341
H. K. Electrica(New)...
817)
$12
€24
19
:
#
324) | Y'mati Ferriet...........
China Lights (0)
91.074 Chins Lights (New)..... $1.65
H. K. Electrics (Old)...)
Macao Electrics (Old)
$16Macao Electrics (Now)
Sandakan Lights..............| Telephones (öld)....................) (24 Telephones (now)..... S'pore Tractions (Ord.) Industrials
Cald., Macg. (Ord.) 8.)
830
$28
Cald., Macg. Prof.)8.
$1
Canton Icon.
#BL
307
$95 31%
$16.80 Comenta .....
B94
H.E. Ropes
HE, GOTË. Loans
4% Loen
"
(1984)
(1940)..
Micellaboops
818 Dairy Farmna.
$7
Entertainments
$1.60 Constructions (old)...
Constructions. (new).......
81
371
Lane Crawford....
Nanyang Tobacco
$2.15 Sinceren
49
$39
HI.K. Wing O
$10.70 Watsons .................
Ch. 0.5% 192501Bda..
Phai Wing O KHOA
$7.70 Vibro Piling,
6/6 Marsmans Inv. Lon.)
2/3
Marimens Inv. (H.K.)|
$1.80 Wm. Powell............
|Chino Lights(Rights);
+8ale to Shanghai
13
:
፡፡
$9
$75 ata.
$15.90
$8.10
"No one really knew navigation, and we went miles off our course. "Our food soon ran out and had to fry flour and water pan- icakes in engme ott
7th floor.
Tel. 30727. Eurasia Gold tish peoples who share common suffering from air bombings in Refining Co. their fight against aggression. (Central News).
WE PAY HIGH PRICES for all gold and silver articles. Jade diamonds, Jewels, watches, foun-
"Half way through the voyage IMPORTANCE OF tan pena. Apply Far East Dia-
Clarke sent a man over the side: to change the name" of the yacht from Noroft to Marie.
"He did not say why,
"Next day we were stopped by an Italian submarine, which came within twenty yards and turned guns on us as though deciding whether we should be destroyed or not.
"The only other enemy craft we encountered were two German motor torpedo boats near They scrutinised our flags closely.
97*.
$80
$18
"haven't had any
$7.10
days."
$1.65
INFANTRY
"Teach the troops only what is necessary for them to know during
| wartime, and teach them as if they were under actual war con- ditions,"
...
and mond
Gold Refining Co. Room 821, Chins Building, 6th floor.
WANTED KNOWN
Why not learn all the Pancy This is the keynote of an order latest Stitches for your dresses regarding military training in 1941 and Sweaters. issued by Marshal Timoschenko, Soviet Defence Commissar.
JOIN THE KNITTING CLASS
AT $3.00 per month (Tvice a week Marshal Timoschenko stresses lesson). Please apply to Box No
importance of Infantry in 654 c/o HKDP. American modern warfare, and urges that
Brest.
food for
the
arms should be so co-ordinated as ORDERS TAKEN for hand-made to secure the maximum advantage sweaters, Ladies' jumpers, Babies' for the infantry, "which is the outfits, etc., at $5.00 each for The men are now in trouble deciding factor in modern battles." workmanship. with the Bahamas immigration authorities.
The newspaper Red Star, organ Wool and model desired, to be of the Red Army, declares that supplied by customer. Clarke wants to leave the yacht "without good infantry,' victory Bend particulars of, address, "etc., and go to Miami, USA, but the can never be achieved in modern to Box 502, HKD.P. 30% authorities insist that he can't warfare."
$3,80 $2.15
€10.70) $10.70)
$49
14
$8
unless he first deposits his crew's According fares to England.
:
HOTELS
REAL RUSSIAN FOOD
Tiffin $1.20 . Dinner $1.50
METROPOLE HOTEL
PACKING CONTRACTOR
Any Kind of Articles will be Packed Carefully and Perfectly at Reasonable Charges Order will be Secured Promptly TOMINFAI
TELEPHONE 33237, 25827,
YING LEE CO.
REST CAMPHORWOOD TRUNKS NO. 8, QUEEN'S KOAD EAST, HANCHAI.
TAILOR LAM · SHIU SHEK 334, Nathan Road, Kowloon, Tel. 57712. Guaranteed delivery 1 suit in 24 hours notice and 6 hours for a pair of trousers.
ENGRAVERS
· FEI FEI & CO. Photo Engraveri 18, Cochrane Street. Telephone No. 22224.
AUCTIONEERS
GREATEST COLLECTION OF BARGAINS IN TOWN!
to Marshal Timo- Experienced Book-keeper Wants schenko, another pre-requisite for Students to form a class. Guaran- Middleton, former hotel pro- victory is discipline, which he des- tee students to keep a whole set of prietor, was promoter" for the cribes as the chief strength of the books after completion of a course $1.80 famous British boxer Jimmy army, and adds that it is neces-jot 8 months. For Term and Par- nesaar, Br tea
Wilde, once fly-weight championsary to increase the authority of ticulara. Please Apply to:-Box. of the world.
the commanders,
No 482 c/o H.K.D.P
LAMMERTS AUCTION RODM
18
TEA DANCE
DAILY
EXCEPT MONDAYS 5 to 736 P.M.
Jimmy's
BUTTERICK
the
- Expert Ladies Tallor New Style Ready Made Dresses, Overcoats and Costumes FOR SALE.
16, Wyndham Street,
Tel. 23613
Help Your Friend and his Hobby by giving
POSTAGE STAMPS
for
his COLLECTIONS
and
SEEDS
for
his GARDEN
We can supply the goods
of his and your want”.
GRACA & Co.
Dealers in postage stamps and
́garden meeds -etc. No. 10.Wyndham, Street, Established 1896 HONG KONG