HONGKONG DAILY PRESS
Mr. Richard Dimbleby (left), the BBC's War Correspondent with the British forces in the Near and Middle East, with Mr. V. Howarth and Mr. F. Sarney of the BBC stan, talking to Mr. R. T. Clark. Home News Editor. Mr. Dimbleby, with the mobile recording anit, was in France with the B.E.F., and his recorded despatches which he is at present sending from the Near and Middle East are a notable feature of the BBC's news. He was among the first to enter Bardia, and his despatch told how offi- cers and men öffered to surrender to him.
FINANCE & GENERAL
Finance and Commerce
H.K. Stock Exchange
A firm market with buyers ad- vancing their bids 'cautiously, re- sulted in a moderatè turnover at slightly better prices. -
BUYERS
H.K. Banks, $1840. Bank of East Asia, $70. Canton Dis., $222.50.
Union Ins., $430.
EK. Fire Ina, $185. Indo-Chinas (Fref.), $80. Docks (0) X.D., $15.70 Providents, $5,32 Lands, $32.50. Humphreys, $6.70. Realties, $3.05
Trams, $16.40.
Yaumati Ferries, $23.75, Lights"(O), $6.20.”
Electrics (0) X. Rts., $26. Electrics (N), $25.22.
HOW ITALIAN WARSHIPS Electries Rts. $15.10.
WERE LURED INTO
BRITISH TRAP
ALEXANDRIA, April 1 (Reuter)-How the Italian warships were led Into a trap is now revealed. The cruiser Orion (sister-ship of `the Achilles and Ajax of Gral Spee fame) contacted · enemy ships and lured them towards the British battle fleet for about four hours until the enemy battleship, stated to be the 35,000-ton torio Veneto, was damaged by the Fleet Air Arm,
Vit-
After this, the Italians, possibly scenting a trap in the Orion's tactics, about turned. When the enemy retired, the objective of the Critish light forces was to try and cut off the damaged enemy bat- tleship which was then reported about 30 miles distant heading for Italy, listing and badly down by the stern.
The British light forces carried, burning beneath the after Kun
at full turret. out a circling movement
"Macao Electrics (0), $18.25. Macso Electrics (N); $17.50 Telephones (Q), $23,25 Telephones (N), $9.10 Cements, $17.75. Ropes, $7.40.
Dairy Farms "X.D., $17. Watsons, X.D., $9.30. Entertainments X.D., $6,30,
SELLEES
Docks (0) X.D., $15.80. Providents, $5.35.
SALES
Docks (0) X.D., $15.75. Providents, $5,324/35. Electrics (0) X. Rts.. $28.15. Cements, $17.80. Watsons, K.D., $9.70.
"ASTRONOMICAL" COST OF WAR TO BRITISH TAXPAYER
LONDON, Apr, 1 (Reuter) The astronomical" cost of the war to the British - Laxpayer is revealed in revenue returns issued last night showing that Britain has spent the record amount of £3,567,245,570 in the financial year which ended last night.
re-
The total ordinary revenue from 'new taxation, to narrow the eror- ali sources was £1,408,887,097) mous gap between expenditure leaving a deficit of £2,458,378,- and revenue, which has otherwise: #573.
to be bridged by borrowing: The problem of the Chancellor The supply services, including of the "Exchequer, Sir Kingsley the fighting forces, accounted for Wood, in his forthcoming budget £3.637,118,000 of the expenditure is whether to try by imposing as against £1,078.257,000 last year
the A cheering feature of turns is the net increase of £359,- 678.404 in tota ordinary revenue! over last year's yield. The re- venue exceeded, the Chancellor's estimate by ove- £48,000,000 | largely owing to the success of new taxes including the Purchase Tax which he introduced, in his July budget.
HONGKONG
SHAREBROKERS
ASSOCIATION. Volume of Business Transacted on Tuesday April 1, 1941.
SALES
.I
H.K. Banks Cements
28.15
500
2 $1,340.00 *17.80
Electrios X. Rts. 100 China Providents 500 1,500,
A.S. Watsons X.D. 500
5.35 9.70
3,102 The total value is $29,732.50.
Most revenue items show sub- stantial increases including Cus- toms and Excise (presumably in- cluding Purchase Tax) which to-
WEDNESDAY, APRIL 2, 1941. —PAGE"
No Excuses
There's no need to make excuses for insisting strenu- ously on "BLACK & WHITE?. The fact that you do insist on it is a tribute to your judgment. "BLACK & WHITE" never fails to give complete satisfaction.
BLACK&WHITE
CJL (31)
"It's the Scotch!"
וי
DONGE OLD SCOTCH WIR
DODWELL & CO., LTD.
Queen's Building.
5.324 gether are over £129,000,000 high- PRAISES
RAUB AUSTRALIAN GOLD MINING CO. A cable received yesterday from the Raub Australian Gold Mining Co., read as follows:-Report 570
Ounces Fine 1,409,"
HONGKONG SHARE QUOTATIONS
speed in order to place them- A gangplank was thrown across the selves ahead of the enemy despite between the quarterdecks of the fact that the latter was much Pola and the Jervis and the SUTTM heavier and superior in force, but rendering no contact was made and it was found that the cruisers Flume and was surrendering the remaining Bayer Beller Salos Nominal Zara," which had previously been British destroyers were cruising accompanying the Vittorio Veneta, round picking up survivors. The had returned to help the stricker | prisoners included an official 81340) cruiser, Pola.
naval war correspondent who is This move either indicated that also an artist. He said he had they did not realise the full alredy prepared a picture of Bri-. strength of the distant British tish ships sinking but he tore it battle fleet or was designed to up when he found that it was create a diversion to enable the Italian and not British ships that Italian battleship to escape. were being sunk,
Italians clambered STOCK EXCHANGE, aboard. Meanwhile as the Pola
4913
SHAREBROKERS ASSOCIATION
TUESDAY
1 APRIL.
Banks
H.K. Banks.......
Ballara Buyer
$70
Do. Col. Reg.)
£73
Do. (Lon. Reg.)
£81
Chartered Banki .......
ESI
Mercantile, Bks. "A".
£10
Mercantile Eks. "C".
870
Bank of East Asia..... N. C. & 8. Banka:....
Insurances
SUPERIOR INSTRUMENTS #222 An interesting point with It was while the British light gard to this action is that forces were searching for the enemy battleship that the British British were able to pick out the
$223
Canton Insurances.....
8430
$432
Union Insurance.......
$430
$1
the
SIRS
3188
FTUME, ZARA BLASTED
re-
$87
Shipping
Underwriters
H.K. Fires...
$135 Douglases
Steambonta
Indo-Chinas (Prat.)..
#60 Indo-Chinse (Def.) ...
41/10 Shells
Waterbosta
A
er than last year's figures,
The total expenditure in the year it may be noted, averaged; £10,500,000 per day but the CX-
NORWEGIAN
penditure during the past three WAY OF LIFE
months averaged nearly £13,000,- 000 per day. -
programme
from
Mr.
S. K. Ratcliffe, English writer, lecturer and correspon- The excess of expenditure over dent for the London SPECTA- revenue was covered by borrow- TOR. speaking on a Norwegian ing, The floating debt was In- creased by £1,324,000,000 during WRUL in Boston, said that in all
short-wave the year and It now amounts to bis extensive travels throughout £2,813,410.000,
compared with
the world he found one opinion. £1,489,200.000 a year ago.
one feeling as far as Norway was concerned.
LONDON STOCK EXCHANGE
LONDON, April 1
It is this: that you northern folk have marked out for your- selves a fine and true road of de- (Reuter)mocratic achievement. You have Bass Morina Business in the Stock Exchange found an excellent middle" way in
19
£76
Tel. 20636.
SILVER MARKET
LONDON SILVER
London, Mar. 31 (Reuter).. Silver-Very little trading and buying was satisfied. In the after- noon, the market was idle and fea- tureless, with no business.
Spot, 23-1/2d. Forward, 23-7/16d.
ROMBAY SILVER Bombay, Mar. 31 (Reuter)... Offtake 250 bars,
Market-Qulet,
Indian Mint Silver Ready......
April 22 Settlement May 21 Settlement
63-04
63-04 63-06
LONDON GOLD
London, Mar. 31 (Reuter).
Bar Gold, Fire per oz., 168/-
yesterday had a cheerful tendency national policy and the common on the naval success in the Medi-welfare, We have admired you be 1340terranean but price movements cause de saw you taking leaps
were small though the markets ahead in the right direction, and|—— £73generally were firm
doing this in the spirit of free- There was fair support for Glit-dom.. Edged which closed slightly high-
in rhetoric. He wields the unusual. Saying that events in Norway power of cumulative eloquence. He er though trifle below the best helped bring Winston Churchill to does not go beyond his strongest
profit-taking. The
demand the helm of Britain, Mr. Ratcliffe passage. He is sure to close on his for Industrials broadened while gave a detailed account of the
Anest note. " Home Rails and" Kafirs met with men in the present British govern- It is under Churchill's superb
£8
Szit
£10
To et. lun
#322
some demand.
80 cts
$189
Greeks ада
$125
$80
$60
41/104
ment and concluded ftly with the leadership that the British are Japanese Bonds Prime Minister himself. "...Chur-tolling and fighting for the very were higher among the foreign chili is the greatest living master life of Great Britain, and as he
Issues
Wall Street was quietly firm
of the English tongue: as brilliant himself has said, for the liberation in statement as he is compelling of the common people of all lands,”
$281
15/0
18
$32 3971
$3.06
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.
WANTED TO BUY
battle fret blasted the Flume and. Zara
Italian in the darkness before they themselves were
A seen. large measure of the saccess must be credited to the superiority of British optical instruments to the German instruments used by the BOU Italians.
As the destroyer Motilla led by the Jervis approached the scene of the blazing Italian cruisers, the
sea was dotted with 700 CI men, some of whom were picked
The ceaseless practice of the
up but the British ships were British feet in night fighting also 86.30 $5.35 85-30/32 able to wait as other Italian ships undoubtedly contributed to the $15.70 XD. $15.70 /75
ard the signal" victory. 1 seems probable
were menacing them
cruiser Pola, though motionless. that the Italians put to sea was still unaccounted for.
WHITE SHEET
iri
an attempt to intercept British
convoys.
1
As the Jervis approached the Asked whether he thought the Pola flung out a large white shee: Italians put to sea under German and her crew were drawn up on control, Admiral Cunningham the quarterdeck apparently ready was of the opinion that they pro- to surrender. The Pola's private bably put to sea "under German papers and the ship's books were instigation."
United States Seizure Of Axis Ships: Measure Taken On
President's Instruction
WASHINGTON, April 1. (Renter)—President Roosevelt has in- dicated that he personally ordered the seizure of Italian, German and Danish ships at American ports during the week-end,
1:1
HK. Docks (Old)...." $15.63] X.D.
$7
Docks, Wharves, Godowns, etc.
887
H.K. & E. Wharves Providents
$861
35
H.K. Docks (New).....
$23
+Shanghai Docks.
Mining
15/0
**
83.13
$32
1923
Raubs
Kailang
ats, Hong Kong Mines..... Lands, Hotels and Bulldings
H.K. & B. Hotels.....
H.K. Lands...............................
Do, 4% Debentures..........
#12.10 Shanghai' Lands.......
845
H.K. Beslties,
Chinese Estates......
Cotton Mills
$200 S'hai Cottons (8.)...
Zoong Rings (8.).-----.. Wing On Textiles (8.
Public Utilities
H.K. Tramways........ Pank Trama (old)....
Humphreys
83.05
26.70
X.D. #98
z
Ewo' (8.)
$16.44
2:
$10
$6.70
A
$40
$185
$125
$16
$3
Peak Trains, (now)...
$31
8544 Star Ferries
$53)
#234 $8.20.
Y'mati Ferriea.....
$231
| China Lights (0)..... | $6.20
General Agent: Chan Che Kee No: 4, Lyndhurst Terrace. Tel 26402
#14
Chine Lights (Now). || $1{
$28 XRt
H.K. Electrica (Old)...
C.R.
$39)
$25)
$18
$171
$12
$231
and Danish ships at a press con- Replying to questions, Treasury. ference yesterday.
oficials intimated that action was
$0.10
***
Title was revealed at a press conference on the train taxing, him back to Washington, but he declined to comment. The seized ships totalled 296,715 that following the seizure of tons, it was announced by the Italian, German and Danish_ships. Coast Guard service here.
the United States will take the
Mr. Cordell Hull, Secretary of same actiori in regard to French State, defended the Government's ships, of which there are now 15 action in seizing German, Italian in American porta
He said that he would not talk possible later this week.
The at present about the final dis. ¡ouficials are now studying the position of the ships.
final disposal of the seized ships
He had not heard anyone ques- which at present remain in "pro 317 tion, the absolute legality of the tective custody," the title still seizure and emphasised that just remaining with the original own- fication for it was based on the ers
[B. K. Electrica{New)...
Macao Electrics "[0]d}} Maçao Electrice. [New]] Sandakan Lights...... Telephones (old)... {Telephones (new}....
B'pore Traction (Ord. }} Industriais
Cald., Macg, (Ord.) 8.
H.K. Hopes
4.4
WE PAY HIGH PRICES for all gold and silver, articles. Jade diamonds, jewels, watches, fountain pens. Apply Far East Diamond and Gold Refining Co. Room 621, China Building, 6th floor. (Store will open on Sun- $7.40 days and Holidays).
WE PAY HIGH PRICES #23) for all gold and silver articles, gold bars, diamonds and jewels." Apply Chins Gold Refining Co. Pedder Building, 2nd floor, Room 6,
75 ota
87,35
97",
94
$30
28
Call, Macg. (Prof.)B
#1
Canton Icm....
3172
Comenta
$7,20
·HK. Gört. Loans
$97 4% Loan.
3944
31%
$94 31%
(1934) (1940).
ID.
$18
'C.D.
€8.30 ID.
$6.40† XD."
#1.65
#7
fact that attempted sabotage in According to Treasury officials, the snips endangered American It is very probable that the ships
will be placed in service in view $17
ports.
Asked whether the seizure cound be construed as a step towards war. My Full replied that the United States Government had for
of Britain's need of ships and the general shortage of shipping.
MANILA SEIZURES MANILA, Apr. 1 (Reuter)<-Four
sometime pursued a course of a Danish ships in Philippine waters.
to Britain and other nations un-aggregating 23,800 tons, have been
der the formula of all available aid short of wat.
"That to the formula, followed so
far," he added.
FRENCH SHIPS, TOO.
taken into "protective custody" by the United States Navy.
Admiral Thomas C. Hart, C-in-C. United States Asiatic Fleet, ex- plained that the action was taken
Miscellaneous
Dairy Farma...............
| Entertainments
$1.60 Constructions, fold).. #Constractions (naw).......
Lane Crawforda....... Nanyang Tobacco....
#75
$2,80
$9.70 X.D.
12.15 Binceres
19.15
Watsons
49
Ch. G.5% 1925G $Bdə
$89
ELK Wing On
Shal Wing Un
Well-informed circles here think jin order to prevent sabotage by $15.10 that there is a strong possibility the crewz.
17.90 Vibro Filing
6/3 Maramans Inv, (Lion,) 2/6
Mariana Inv. (EKA
$1.90 Wm. Powella.
HAK Electrio (Bis) Bale to Shanghai
$14
OFFER HIGH PRICES for any amount of gold articles, diamonds, silver, jewels, etc. No holidays. Apply China Building, 7th floor, Tel. 30727. Eurasia Gold Redning Co.
WANTED KNOWN
Experienced Book-keeper Wants 35% Students to form a class. Guaran- tee students to keep a whole set of books after completion of a course of months. For Term and Par ticulars
Please Apply to:-Box. 11:20 No. 463 e/o HK.DP
FOR. JADED APPEITTES!
HOTELS
REAL RUSSIAN FOOD
Tiffin $1.20
Dinner $1.50.
METROPOLE HOTEL
BUTTERICK
Expert Ladies Tailor
New Style Ready Made Dresses, Overcoats and Costumes
FOR SALE.
16, Wyndham Street. Tel. 23813
TAILOR
“LAMA SHIU SHEK
334, Nathan, Road, Kowloon, Tel. 57712. Guaranteed delivery 1 suit in 24 hours notice and 5 hours
ENGRAVERS!
FEI FI & CO. Photo Engravers 18, Cochrane Street, Telephone" No. 22224,
AUCTIONEERS
GREATEST COLLECTION OF BARGAINS IN TOWN
LAMMEICUS AUCTION BOGNE
TEA DANCE DAILY
EXCEPT MONDAYS 5 to 730 PM.
EAT AT
Jimmy's
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
etc.
GRACA & CO. Dealers in postage stamps and garden seeds ate No. 10 Wyndham Street, Established 1896 HONG KONG