HONGKONG DAILY PRESS.
Looking Towards A Future In China
For us, the rising generation of the New China, the task of reconstruction is a stupendous one and one presenting many per- plexing problems, writes Paul Lim-Yuen, of the University of Michigan, in the Christian Chinese Student, No amount of wishful thinking will conjure up a different pleture of the path that lies ahead of ns. We who are students in America, look tu- wards the future with a strong hope but with no small measure of anxiety, From the day we began our studies till we duate, the thought is continually in our minds of future service is China, but we wonder often how we are to serve best,
Luring behind visions of the looks, made so necessary by the future is also the consideration: Is International necessities of modern there not a duty here and now for times.
us to fulfill?...Are we shirking it?
In our preoccupation with personal preparations for our life-work, are
-
FAITH IN CAUSE
We are all confident that even- we not also forgetting the respontually the invaders will be swept sibilities in the crisis of the pre-trom our shores. The faith in the sent? Must we not help to lay the justice of our cause will ever re- foundation upon which with our main unshaken in each one of us, hands we hope to raise the edifice and so also should our assurance of the new China?
that peace and ultimate prosperity
SITUATION ANALYSED
FINANCE & GENERAL
Finance and Commerce
CANADIAN PLEDGE TO FINANCE BRITISH PURCHASES
LONDON, May 23. (Renter)
HONGKONG
SHAREBROKERS
ASSOCIATION
Volume"of Business Transacted Friday, May 23, 1941. SALES
Cementa
China Lights (N) H.K. Docks
200 $13,50 ...... 200 300 200 100
The House of Commons cheered H.K. Mectrics (0) the announcement by the Chan · cellor of the Exchequer that Ca R.K. Tramways nada has pledged itself to finance the bulk of British purchases in Canadá estimated at £20,000,000 to £300,000,000: *
Sir Kingsley Wood explained that will return to our "good earth." this very large sum is in relation In the light of such assurance, we to. Canada's resources. seeing that
revenues
.. 100 100
1200
The total value is $18,325.00.
LONDON STOCK EXCHANGE
23
H.K. Stock Exchange
The week's trading has again been on a moderate scale calling for no particular comment.
Lane, Crawfords announce a divi- 1.30 dena of 80 cents-the same as last 14.85 year-payable about 21st prox. 14.80 Sandakan Lights have entered the 21.80 List of interim dividend payers, and 21.80 on 3rd prox, will distribute 40 15.90 cents account six months working
up to Dec. 31 last.
(Reuter)-
LONDON, May Let us analyse the situation should go forward with unflagging Canada's total budget closely. The whole question can spirits, with 2 sense of fraternal last year were under £200.000.000. The turnover in the Stock Ex- be resolved. it may be said. Intocnity and confidence, but also The Chancellor also paid tribute change yesterday was small," the une or two clear issues. What is with patience and forbearance for to the help from other Domain feature being the recovery the nature of the work to be done the obstacles and delays in the minions and Colonies.
in Gilt-edged, especially War for China, its scope and its devious path ahead of us. The in-
Loans on revived interest, follow- demands on us
students?domitable courage and perseve- ;
the conclusion of the Ing near How much of it can we do at pre-rance of our countrymen through
Cendon's War Savings Campaign. sent? Granted that we agree out these tragic war years should be
Foreign bonds were mostly frm, clearly on common objectives, is our inspiration and spur, and their
Japanese and Chilean further ad- our greatest responsibility now or methods should teach us the wis
vanced but Spanish 4 per cent. weakened from 33 to 30.
later?
15
dom of patience.-
1.3
Australia and New Zealand have meet heavy expenditures cut- side their own countries and ap plying an increasing amount their sterling resources towards current external war costs.
of
Industrial charges were very few
Those countries, like Canada.
trend. Indo-China were now 120s. had import restrictions and ration-apart from the continued upward
and Union Castles 13s.
Wall Street was uncertain.
No one will deny that the scope There is no virtue in the loud of the work of reconstruction is threats of a householder, at unlimited, and that all phases of armed burglar, in his house if he development must be
pushed has no weapons in hand with is schemes.* simultaneously. The
а
kinds
of which to carry out his threats. The Chancellor also mentioned work to be done is unnumbered. Likewise all our patriotic fervour the importance of South Africa as It becomes then question of now will be "premature until we the world's chief gold producer when we can lend most effective are well-equipped and ready to ald in our unique position carry out a really constructive pro-and Tadia as a now or till more settled conditions gramme for the rejuvenation offarious suppiles.
come about.
own
China.
As to the military picture, few of,, MOST TRAGIC THING
13
ús can do more than the average soldier in the fighting lines
The most tragic thing that could change it. It certainly can be happen to youth is embodied in agreed that we cannot give of our the old Chinese phrase hu t'ou she best by joining the vast army of wel, or in somewhat. modified Eng-
lish, "roaring defenders.
in like a tiger, slithering out like a snake." It is four obligation to our generation But behind the lines, activities and those following us that we which are just as vitally important should avoid at all costs such a
our individuali
BEHIND THE LINES
tragle process in
us military operations are being carried on. In this work without lives.. To this end, we must pre-
today is pure curselves well before
a doubt China's need great. No one should realise bet¡ fronting our task.
Ct
source of multi-
HONGKONG
STOCK EXCHANGE,
Reyers
Bellers
Sale
Nomina
con-
871
to
...
ནྟི
#4:
From
8176'
ter than ourselves the immensity of. All this, of course, is not the task at hand. But this task is deny the responsibility of every steadily and surely being accom-student to do what he can. 'at plished the task reconstruc- every given opportunity, to help tion in free China, the laying of forward the present cause. the foundations of the future helping to raise funds for medical nation-by hards other than our aid to China to actually telling the American people just what is It is being carried
transpiring in our home andy we phenomenal rate. by none other can do our small share with what- than the masses of the people. In ever spare time and energies we
own,
on. at a
the fever, heat of war. in the face
have.
of well-nigh. Insuperable obstacles.
they have and are making amaz-"
GREAT LEADER
Finally, we must not forget the
ing strides that are giving the exhortation of our great leader,
nation renew strength and courage. Generalissimo
+
||
PROPER TRAINING
Chiang Kai-shek who himself is closely in touch with student activities. that we Our energies towards
With all our technical training, exert all
we could not, cannot, have accum training for future leadership, that plished much of the work of reor to this end we must. pursue our garization and. stabilizing and studies with undivided attention. co-ordinating..unless, of course, we had had the proper training in The tremendous potentialities, the virtually untouched. natural re- this type of leadership. But this
19 a spontaneous movement on the sources of China, the basis of a united. democratic nation prepar- part of an inspired people in the great hinderland of free China,ed for great and good changes, is and it is already laying the basis our heritage of the future..
upon which future builders must carry on.
to
May God help us not to fail in the sacred trust soon to be placed An ust
*
ARMY OF WAR WORKERS
In the present unsettled state of affairs in our nation it is hardly probable that one can accomplish much if he were to return China with a mediocre training and an overconfidence in his owri ability. No matter in what field of concentration and how long he has been engaged in it during his
Canberra. Commonwealth ex- college years, when he goes back
perta, belleve war industries will he must be able to apply his
employ 40,000 more men and knowledge in truly productive
women before Christmas. manner. Much of the work will be
This is shown in the latest report In the nature of a pioneer's job, especially in the field of industry, by experts planning expansion of and certainly demands in most the industrial war effort. More cases, more than just the vague than 100,000 then and women are qualification of an out-of-college already engaged in war industries. degree to accomplish.
Most of the 40,000 extra workers will be absorbed by expanding fac- tories in Victoria, South Australia
VITAL NEED Obviously what is vitally needed and New South Wales. I broader, more comprehensive Plans to turn out more, men un“. training, involving the actual ap- der the Commonwealth's various plied problems of, for example, technical traming schemes are be building an engineering establishing expedited. Men will probably inent from the bottom up. Men be rushed through courses in thres of the proper calibre for this work months in future instead of in six can be produced only by more in-
months,
Latest returns show that 2,500
tensive training.
China has need of men in every possible Beld of study, in the en- men have been trained to date for
gineering sciences, in economics,
munition industries. Another 2,500
in sociology, in education, in medi- men are in various stages of train.
ing.
tine, and even in the so-called "arts." They are all
These trainees are in addition needed to promote the rebuilding of the "na- to a larger number trained by this tion in a full, co-ordinated man-method for the fighting services.. -ner. In a fashion, too, they are Most of the men have been trained needed to help enrich the lives of in Victoria (1000). New Bouth the people, and to greatly broaden Wales (800) and South Australia the scope of their individung out- | (350)
LONDON GOLD
London, May 22 (Reuter}. Bar Gold. Fine per oz, 168/-
SHARE QUOTATIONS
SHAREBROKERS
23 MAY.
FRIDAY
BUSINESS DONE DURING THE WEEK
HK. Banks, $1,310:
Union Ins., $405,
Docks, $14.95.
Providents, $5, $5,10.
Lands, $31. Humphreys, $8.40.
Trams, $16, 315.50. Lights (D), $5.85, $53.
Electrics (0), X. Rts... $21.80. Electrics (N), $214, $21.05. Bectrics Rts.. $11.35, $111. Maçao Electrics. 319.10 $19.13.
$19.10, $182, $18.50, Telephones (O), $22.30, Cements. $134.
BUYERS
Bank of East Asia, $71," Indo-Chinas (Pref.), $30. Hotels, $2.85.
·Lands, $31, Realfies, $2.70. Trams, $15,75. Macao Electrics, $18.50. Entertainments, $6.25.
SELLERS
Providents, $5 10. Cements, $13.25. Ropes, $7.
SALES
H.K. Govt 31% Loan (1934),' 91,50,
ASSOCIATION
Buter
Sollers Sant
erin.
Trams, $15,90.
Banks
$1310 H.K. Banks
£78
Do. (Col. Rag.)
975
Do. (Lon. Res.
EAL
Chartered Banks
£23
Mercantile Bk. "A"
211
Mercantile ks. “C”.
$71
*
N. C. & S. Banks.....
Insurances
Bank of East Asia....
$220 Canton Insurances.....
4:
$1310
£76
$75
£23
£11
Docks," $14.83.
Electrics Rts, $11.10.
SATURDAY, MAY 24, 1941. --PAGE
Now's the time to call for "Black & White"
When you feel that anything might happen, when life's tug-of-war is taxing your strength and energy, try a "BLACK & WHITE", the Scotch that restores and "stimulates. Ask for it by nam
CALO
"BLACK&WHITETM
"It's the Scotch!"
SCOTCH WASAN MAČKA NORTE
| HOGA OLD SCOTCH
WEEKLY RETURNS AND REPORTS
BANK OF ENGLAND
LONDON." May 22 (Reuter).
Public Deposits Other Deposits:---
Bankers
Other Accounts Total
£
May 15
May 22 (000's Omitted)
£
14,410
99,860
115,520
96,580
52,110
96,580.
167,630
148,270
Government Securities
115,300
121,660
Other Securities:---
Discounts and Advances
12,250
12,570
Securities
19,760
19,580.
Total.
32,000
32,150
Notes and Coins
52,470
62,170
Total Bullion
1,890
1.690
Notes in circulation..
€29.420
629,710
Ratio of Reserve to Liabilities
28.82%
27.73%
1587-
K
LONDON. May 23 (Reuter)
"From all we hear of what is happening over Klel, Hamburg and Berlin, our Exports Department is doing extremely well." declared Com-- Mr. Vincent. Massey, High #222 missioner for Canada, speaking in $405
connexion with the London War Weapons Week. When the banks
Price of Gold at which boldings are valued ... 168/-
FEDERAL RESERVE SYSTEM.
RETURNS
NEW YORK, May 23 (Reuter),
US Securities held
May 18 (1940), May 15
$405
Union, InsarAUCCS........
81
Underwriters
:75 cta
H.K, Fira..........
$176
closed yesterday, the total amount
Shipping
$128
Douglases
$117+
raked was £87,750,000,
$8
Steamboate.......
880
$80
$60
£60
40/7
Shells
40/7
$81
8551
$5.05
$1498
8263
11/0
$8
E
---
$5,10
Indo-Chines (Pref.).
Indo-Chinas (Def.)
$8.55 Waterboats
Docks, Wharves, Godowns, etc.
$85 H.K. & K. Wharves...
Providenta
$14.95 H.K. Docks (Old)...
H.K. Docks (New)....
+Shangbai Docks......
Kailana
$28
11/0
25
Raubs
Mining
1 cte., Hong Kong Mines....
Lands. Hotels and Buildings
B.K. & B. Hotels.....
.:
#
82.85
$285
931
H.K., Lands...............................
$31
8974 Do. 4% Dabentares... $13
Shanghai Lands.
$97
82.70
$99
..
H.K. Realties.
$6.70 Humphreys
Chinese Estates........
Cotton Mills
$341 Ewo (8.).
$265 8'hai Coltons (8.)...
Zoong Bing (8.)....?) Wing On Textiles (8.) Public Utilities
$15.90 H.K. Tramways........
#71 Peak Tram
(old)...
834 Peak Trams (new).. 8514 Star Ferrian.............. $91.36 'mati Ferries.
China Lights (0).... 35,770 Chins Lights (New).. $1.20 $21.80 XRte. H, K. Electrics (O)... I.R.
814
B21.05
#114
$12
::
H. K. Electrics(New)... H.K. Electrio (Rts)
Macso
Electrica
Macao Electric's
Sundakan Lighta......
$22.00 Telephoner (old)........
#9 Telephones (new)......
$30
Industrials
Cald., Macg. (Ord.) B. $25 Cald, Macg. (Pref.)8
$1
Caston Ices...
13
:::
Ceinenta
$6.60 H.K. Ropes.........
HK. Gort. Komm
$974% Loari
$041 31%
$94" 31%
(1934)
(1940)..
Miscellaneons
||917) || Dairy" Farma..............
Entertainmenta
91.60 Constructions (old)..
Constructions, {naW)..
$8)
$1
#71
Lane Crawfords..
$2.15 Binceres
Watsons
#D
Nanyang Tobacco......
28 Ch. 0.5% 1925G $Bds.
130
H.K. Wing On
8'hai Wing Un
$7.20 Vibro Piling
8/3
Maramana Inr. (Lon.
2/1
Maraman Int. (HK)
·B17
Wm. Powella.......
Lights Rte...
+Sale to Shanghai
$3.95
$2,20
Bills Bought
May 22
(000's Omitted;
Federal Reserve Ratio
Federal Reserve Credit Outstanding Monetary Gold Stocks
2.474.000 38.28% 2,518,000 12,949,000 22,538,000
9,292,000
2,184,000
9142% 2,235,000
-2,184,000
8.092,000
3,154,000
Industrial Advances
01.22% 2.237,000+ 22,565,000****
PRE-PAID ADVERTISEMENTS.
The following classes of advertisements are charged at the price given below:- SITUATIONS VACANT. HOUSES AND APARTMENTS WANTE}).
HOUSES AND APARTMENTS TO BE LET. MISCELLANEOUS WANTS.
Announcements not exceeding 25 Words are inserted under this beading at a Pre-paid---
Rate of $1.50 for THREE INSERTIONS.
If Charges collected; $2.00.
$6.40 House...
$301
$200
$120
$71
$3
$50
$20
$8.70/76..
$21 80
921†
$11
!!!!
WANTED TO BUY
30727.
231
Tel,
TEA DANCE
DAILY
TO LET-Unfurnished from 1st June. 300 The Peak Six roomed house in Bluf Path Fifteen minutes from Tram. Reasonable Hastings & Co. Marina $2.70 Rent.
WANTED
WE OFFER HIGH PRICES for any amount
of gold articles diamonds, silver, jewels, etc. No holidays. Apply China Building, 7th floor.
"
EURASIA GOLD REFINING CO.
HOTHIS
FOR JADED APPETITES! Energetic canvassers (Boys or Girls) for outdoor work. Apply
$15.85 Box 249 H.K.D.F.
WE PAY HIGH PRICES for all gold and silver articles. Jade diamonds, jewels, watches, fountain pens. Apply Far East Diamond and Gold Refining Co. #130 Room 621, China Building, 6th #81
floor. (Store will open on Sun- days and Holidays). -
$17
General Agent: Chan Che Kee
REAL RUSSIAN FOOD
..Timin $1.20
Dinner $1.50
METROPOLE HOTEL
BUTTERICK EXPERT TAILORS FOR LADIES'
GARMENTS... "NEW STYLE READY. MADE
AMERICAN DRESSES
FOR SALE.
No: 4, Lyndhurst Terrace, Tel 16, Wyndham Street.
26402
WANTED KNOWN
Experienced Book-keeper Wantr Students to form a class. Quaran tee students to keep a whole set of $1.85 books after completion of a course of 6 months. For Term and Par- Miculars. Please Apply to:-Box
$71
No 482 ̃ s/o H.K.D.P·
Jimmy's
"EXCEPT
MONDAYS
5 to 7:30 PM
ENGRAVERS
FEI FEI & CO. Photo Engravers 18, Cochrane Street.
Telephone No. 22224.
Help Your Friend and his Hobby by giving POSTAGE STAMPS
for
his COLLECTIONS Bud
EL
75 oba.
6134
97.
*100*
$42
$14
量
Tel. 23616
SEEDS for
WANT-ADS
are Seen!
AUCTIONEERS
GREATEST COLLLCCION OF BARGAINS IN TOWN!
LAMMERTS AUCTION ROOM Lammert, Brothers 1. Fann on Lip
Tele D
NO 2121
his GARDEN
We can supply the goods of his and your want GRACA & CO.
Dealers in postage stamps" and garden seeds etc. No. 10 Wyndham Street. Established 1890
HONG KON
..