HONGKONG DAILY PRESS
BRITISH INDUSTRY
DURING 1941
H.K. Stock Exchange
War news remains the absorbing topic. thus little interest is taken in shares. Transactions reported
WHAT MAXIMUM WAR PRODUCTION only amount to chicken feed with
MEANS NOW REALISED
British industry during 1941 will be directed more than ever the materials. Despite War toward increasing production of many references to this subject during the past twelve months, it is not too much to say that only recently have the full im- plications of what maximum war production really means come to be understood, says Mr. J. Emlyn Wullams in the Christian Science Monitor.
those engaged
In
Hitherto such
3.5 tobacco.
This production. has to be car Particularly rled on such a tremendous scale luxury and semi-luxury goods will that it will demand an intensified be most badly hit rational effort that will be pos- consumption goods sible only through" intensified beer, etc., have been less curtailed others. but even control by An authority with than
good revenue fullest powers for making its in-though they are fluence felt throughout the whole producers other reasons may lead machinery, of government and into greater restriction in the near dustry....
future.
many
cam
It demands what has been des- EXPORT TRADE OUTLOOK cribed as "a coherent and self- Britain hopes to continue a consistent policy covering the large part of its export trade. whole field of finance, production, though the outlook is stili far and trade."
from clear. It lost export sales to i This was the end which pre- the value of £160,000.000, when sumably the Governinent had in Germany overran Europe. And it mind when it recently reorganized is difficult to discover markets absorb consignments the executive machinery for con- which ducting the war on the home previously sent to the Continent) front. But the creation of new Yet the prosperity of such cut-" executives for speeding up and standingly important British in1
dustries ELS coal, textile, co-ordinating production and im-
and ports with departmental ministers. niachinery, depends upon the ex- as ther chairmen, at leaves un-port market. answered the demand for an in- Full war production whether for dependent co-ordinating or cen- munitions or for exports to pay tral planning body, with a mem-for imported war materials is ber of the War Cabinet without bound up with the removal of a portfolio dominating the whole. number of impedimenta which, Britain's resources, it is gen- though tolerable in peacetime, now erally agreed are still far from means the difference between a being sufficiently utilized. But quick and a long-drawn-out war. until there is something like a Deliberate restrictions of output, self-contained Ministry of Econo- ineficiency In administration,
prices easy. A fair number of HK Electric Rights are available result- ing in their being traded down to $12 business done and sellers. At the close the list shows sligh; signs of steadying, though little is need-
ed to swing the market either way. BUSINESS DONE DURING THE WEEK.
H.K. Banks, $1915.
Docks, $11.85, $15.
Hotels, $2.80. Lands, $31.
Trams, $15.80...
Lights (O), $5.70. Electrics X. Ris., $74. Electrica (N), $221. Electrics Rts., $124. Macao Electrics, $171. Ropes, $6.10.
Marsmans H.K. $0.70.
H.K. Govt. 31% Loan, (1934), 941.
BUYERS
Bank of East Asia. 570.50. H.K. Fire Ing., X.D., $170. Indo-Chinas (Pref.), $30. Providents, $4.65.
Hotels, $2.80.
Macão Electrics (0), $18.25. Ropes, $8.19. .*** Entertainments, $6.25
SELLERS
Providents, $4.90. Trams, $16.
·Electrics Rts., $12.23. Watsons, $9.30.
SALES Providents, $4.90. Trams, $15.80. Electrics Rts., $12.
mic Policy such a goal will not be leading to bottlenecks, obsolete HONGKONG
realized. It has been made clear trade union regulations, etc., have by press comments in papers as to disappear. At the same time far apart as The Times and the there is the need of combining Daily Herald that maximum out various measures of improvement. put within a reasonable time de-particularly in special training for pends upon the production of a skilled workers in Government and comprehensive plan covering the private centres, the recruitment of whole wide field of trade and women for industrial work and Anance and
authoritative the free transference of workers machine under the full-time direc- from non-essential to essențial in- tion of a fully competent head. dustries.
an
In order to triumph over Ger- But if the changes, which poli- many, war production must betical and business leaders from considerably increased. This means very different walks of life main- large-scale extensions of plant intain must be introduced in order the quickest possible time in order to match Germany's colossal war
STOCK EXCHANGE,
Buyer Sellers
Nomical
983
FINANCE & GENERAL
WAR OF PRISONERS
Greatest Lethal Weapons In World's History
BY A.J. IN THE LONDON TIMES
Events of the past Afteen months appear to prove that the soldier of this war stands a much greater chance of being takea prisoner than of being wounded or killed.
This is the paradoxical sequel to the employment of the Freatest array of lethal weapons ever used in any war.
Ever since the Great War, military engineers and scientists have been developing what they call "fire power.".
"Fire power seeks to equip was not due to military cause but every individual saldier not with to the social causes which resulted one weapon but with mary, all in the defection of Belgium and capable of killing the greatest the collapse of France. number of the enemy in the short- Well, there is something in that est possible time with the mini-claim and we will admit that the battles of France and Belgium are- mum amount of effort,
But rifles.
guns, Lewis not good examples. guns, tommy guns, trench mortars, We will also admit that Norway hand grenades, artillery of all was not in a position to fight kinds, bombs of all kinds have all effectively and that Denmark did contrived so far to laugh up their not fight at all. muzzles at their inventors.
Bren
For their tremendous killing power has resulted, not in killing aundreds of thousands of men but in keeping them alive,
Yet it may be that Norway and Denmark knew it was useless to fight against such an array of re-power." It may be, also. that France and Belgium overnwed by the same thought.
GERMAN SIDE.
I am not advancing this as a Anal conclusion to be drawn from modern war. It is far too early to draw any sound But look at the following figures. picture. It was
conclusions.
were
Turn to the German side of the Germany who
In the first filteen months of started the war with a great pre- this war the British Army last ponderance of "fire-power" and just over 5,000 officers and men she protected it with armour in killed, 11,000 wounded, and 14,000 armoured columns and gave it missing. But It Ipst 44.000 officers through mechanization. and mer, as prisoners of war in the same period.
Nearly nine times as many men taken prisoner as there were men killed.
|
Germany has taken more than 2,000,000 – prisoners,
In the four years of the Great War the British lost altogether as prisoners of war only just over
Ah! you will say, but the cap-350,000 officers and men out of a ture of all those British prisoners total of eleven million casualties suffered by both sides. (Many officers and men twice or thrice wounded go to make up. that
SHARE QUOTATIONS
Yet in the Arst Afteen months SHAREBROKERS' ASSOCIATION or the present war Germany has lost in all classes of casualties, no and Wola more than 800,000 officers
men. "
FRIDAY
9 MAY.
Banks
«Chartered Banki ......
Boyer Beliers
Baus
*£78
81310 H.K. Banks
Do. Col. Bog.)
£71
Do. (Los, Reg.) ....)
292 Mercantile Bks. "A".
£11
Marcantile ka. "C".
8704
Bank of East Asia..... $70
N. C. & B. Banks.....
15 ct.
Insurances
$222 Canton Insurances..... 8420 Union Insurances.............
$418
$1.
Underwriters
X.D.
ME
H.K. Fres....
Shipping
X.D.
Steamboats mest $25! Indo-Chinse (Prof.).. Indo-Chinas (Del.)
#
40/74 Shells
to avoid production shortages, machine, are to be realized, then $176 which would otherwise have to be als much liberty of individual made up by imports from overseas action will have to be foregone in -as has been done to the iron favour of increasing centralized and steel Industry-and would, control. therefore, be a severe drain upon Britain's foreign exchange and shipping resources.
There will also have to be a tightening up rather than a re- laxation of the existing restric- tions on the use and distribution Z&W materials and
PROBLEM OF TRANSPORT Such extensions of plant are of essential particularly necessary in engineer-finished products.
ing, shipbuilding and allled trades. Underlying these problems of The problem of transport calls production is the struggle between for urgent attention If the ac-jan old system which even before cumulation of goods and materials the outbreak of war had been long at ports, warehouses, docks, etc.. considered by many as unjust and is to be avoided,
out of date despite its apparent
Britain today is an armed camp concession of the greatest possible in which, because of the continu- freedom "of action for the indivi- ed threat of invasion, a large army dual-and a system which would has to be kept almost immobilized replace maximum freedom to act with the result that a rigid Army according to self-interest by na- timetable often prevents the full-tional interest
est use of whatever transport In terms of the present position would otherwise be available.
it is a call to unified control of Among the outstanding needs is national activity by a supreme one for more road vehicles, more high command of national econo- maintenance facilities and more my with well-established priority workers; and this could be sup-for those products and activities ported by illustrations from other primarily important for winding branches of transport. Collieries the war.
have been closed down at the
same time as consumers in other
parts of the country have lacked
coal, mainly because of transport HONGKONG
difficulties.
SHAREBROKERS'
ASSOCIATION
Volume of Business Transacted on Friday, May 9, 1941. SALES
Firms hitherto engaged in trades considered non-essential from the point of view of war production have resources in manpower, capi- tal equipment, business organiza- tion, etc., which could be utilized more fully. Hitherto, Government polley has been to starve them out of their peacetime activities and K. Electric Rts.
to leave to the Individual concern-. ed the task of finding new means of livelihood.
Data on this, very important but complicated issue are not available but it requites Hittle Imagination to realize what an upheaval has been caused in the life of the
small manufacturer, retaller, etc.,
perhaps as much by Government
China Providents
"HK. · Tramways
-$80%
JU
$4.65
40
$2.80
$30
$16.80 $16
$5.70
$181
·500 $ 4.90
26 12.25
18 12.00
15.80
944
$6.10
400
The total value is $9,304.50.
YEN-PIASTRE RATE
TOKYO, May 8 (Reuter),
--EX-
policy as by German bombing, change banks have been notined And the post-war problems which by the Ministry of Finance that are implicit in this matter will all exchange
with demand very comprehensive solu- French Indo-China henceforth are to be conducted on a basis of the
tions.
transactions
The need for reducing to Japanese yen and that any other minimum the production during transactions must have official wartime
of consumption, goods, permission.
not only on grounds of expense
but also in order to relieve ship-
The Yokohama Specle Bank yea- "ping space, is also affecting the terday announced the exchange turnover of a large number of rate of the plastre, at 100 against manufacturers and retailers. 98.1/8 yen.
*
10.
$198 Douplanes
18#
$60
12/6
18
444
144
BIR
15.80
$6.55 Waterboats
Docks, Wharves
Godowns, etc.
$8541.K. & K." Wharves...
Providenta .....
$15 H.K. Docks (Old).. H.K. Docks (New).. #24+Shanghal Docka
Mining
Kailansi Rauba.........
1 cts. Hong Kong Mines.....
Lands, Hotels and
Buildings
H.K. & 8. Hotels..... $2.80.
FI.K. Landla..............
1974 Do. 4% Debenture... $12.60 Shanghai Land.......
$9.90 H.K. Healties..
36.70 Humphreys
199
Chinese Estates..................... Cotton Mills
$3Ewo (8.) ...............
$20) 8'hai Cottons (8.)... Zoong Sings (8.)....... Wing On Textiles (8.) Public Utilities
H.K. Trainway.... Fork Trams (old). Peak Trams (new)........
Y'mali Ferries............. ------ China Lights (0%.....
***
X.B. $22 E. K. Electrics (Old)... X.R.
#!
$514 Star Ferrion.................... *$23,
$6.70
$221
$12
$19
*****
፧፧
$22
$30
$25
$1
$15
China Lights (New)....
H. K. Mlectrics(New).....
EK. Electrio (Ria)
Macao Electrica
Macao Electrice
Sandakan. Lights....... Telephonea (old)....... Telephones (new)...................
Industrials Cald., Macg. (Oxl.) 8. Cald, Harg. (Pref.}8.
Canton Tew...
Cementa
H.K. Bopes wa
HX, Gers. Lovema
$974% Loan $941-315
#
(1934).
$04 81%
(1940). Miscellaneous
$17 Dairy Farms,horizon
Entertainments
$1.60 Constructions (old).
$1
Constructions _[nsw}...
Lane Crawfords.... Nanyang Tobacco......
Watsons
$2.16 Binceres
$39
Ch. G.5% 19253JEds
II.K. Wing On
B'hai Wing Un
$7.20 Vibro Plug
6/3 Marsmans Inv. (Lot. 91Maremsus Inv, (H.K.'
$1) Wm. Powells.......
Lights Rta.....T
+Bala to Shanghai
H
$3.95
$2.20
#
E:
⠀⠀⠀⠀⠀⠀ENTERE
19
The eleven million casualties of $1315 1914-18 were largely the result of £75 trench warfare, the 800,000 Ger. £714man casualties largely the result £8 11/16
of open warfare.
$222}
80 ct
3187
ID. $117
$80
280
40/71
464
$95
$4.65
$14.90
$243
12/0
18
::
፧፧
$31
It may be argued that treachery and corruption, laregly created in countries like France, Belgium. Norway and Denmark in prepara- tion for the German tanks and dive-bombers destroys the purely military aspect of this comparison.
Cont'd Page 10, Col. 3
SATURDAY, MAY 10, 1941.-PAGE
EVERYBODY'S
Favourite
Kerge T
"BLACK & WHITE"
KIRIN
The
B
E
E
R
Choice of
The Multitude
Sole Agents :-
H. HONDA & CO.
Tel. 20720,
40, Johnston Road, Hong Kong...
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.
TO LET-Unfurnished from 1st. June. 300 The Peak Elx roomed
in Bluf $974. house
Path Fifteen minutes from Tram. Reasonable Rent. Hastings 鮫 Co. Marina House.
#361
WE OFFER HIGH PRICES for any amount of gold articles, diamonds, ailver, jewels, etc.. No 7th floor. Tel. holidays. Apply China Building, 30727.
EURASIA GOLD REFINING CO.
$8.70
1200
$125
$15.80
#31
$50
$23
$5.70
124
::
$191
ལྦ་
#
::
$81
"
231
BOTELS
Tel. 23615
WANTED TO BUY
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 San- $23 days and Holidays) -
$1,40
General Agent: Chan Che Kee No: 4, Lyndhurst Termce. Tel 26402
WE PAY HIGH PRICES for all gold and silver articles,
FOR JADED APPETTIES!
REAL RUSSIAN FOOD
Tiffin $1.20 · Dinner $1.50
METROPOLE HOTEL
BUTTERICK. EXPERT TAILORS FOR LADIES' GARMENTS,
75 ote gold bars, diamonds and Jewels, $14 Apply China Gold Refining Co. 16,
6. Pedder Buliding, 2nd floor, Room 6.
#7)
WANTED KNOWN
Experienced Book-keeper Wants students 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- viculars. Please Apply to:-Box No 463′′ e/o HK.D.P.
WANT-ADS
ARE SURE
NEW STYLE READT MADE
AMERICAN DRESSES.
FOR SALE. Wyndham Street,
ENGRAVERS
FEI FEI & CO; Photo Engravers 18, Cochrane Street. Telephone No. 22224.
AUCTIONEERS
GREATEST COLEACTION 201
BARGAINS IN TOWN!.
#!
1.VMMERTS AUCHON KUUM
EA DANCE
DAILY....
EXCEPT MONDAYS
to 1.30 PM
Jimmy's
Help Your Friend ind his Hobby by giving «
POSTAGE STAMPS
his COLLECTIONS and SEEDS for
his GARDEN
We can supply the goods. of his and your want
GRACA & CO.
Dealers in postage stampe and garden seeds etc. No. 10 Wyndham Street.
Established 1806 HONG KONG
97*1.
04)
$17
$1.85
fot
28/
$42.
$14
34 Telentan