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RED RAIDERS WORRY INVADING ARMY

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week approach 50,000, including 10,000 sinin.

Chinese reports admit the Shansi position is critical-United Press. At 2.30, 5.10, 7.15 & 9.30 P.M.

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THURSDAY, MARCH

HONOURS FOR STATESMAN

Chungking, Mur, 3, The National Government tas ordered a public funeral for the late Mr. Halung 11st-ling, former Premier of China in the early years of the

and Repubile,

1 well-known Chinese Strike For Yuhangphilanthropist, who died in Hong-

on Christmas Day-Inst year, Linan, Cheklang, Mar. 3. After the outbreak of the present A renewed attempt is being made hostilitics," states the Government by the Chinese forces operating on mandate, he established hospitals in the Hongchow front to recover Yu Shanghai for the cure of wounded heng, 15 kilometres west of Uw lake-soldlars, and camps for the relief of alde city.

aims at

1938.

NEW AIR FORCE WORKS FOR HONGKONG

(Continued from Pago 12 population, is already avaliable, and the balance will be available by the end of the year.

s

Elaborate precautions to cope with the consequences of air raids have been launched, especially with regard to the outbreak of fire. The schemes already ensure the efficiency and operation of various transport ser vices in the maintenance and distri war refugees. The results of his bution of food supplies and 'bil efforts were known to the entire supplies. world.

Two Chinese columns are driving vigorously toward the city. from the west and the north. The one from

"This mandate of commendation is the west will attempt to make a

hereby specially issued in recogni- frontal attack on the city, whilst that tion of his meritorious services.

B The Examination Yuan is hereby from the novinent on Panpunchlão, ordered Wukang and Tsungtch. Fanpang-OMelal Personnel innking, to grant chion has already been recovered due compensation to the family. of after a brief engagement with the the deceased:"lleuter Special. Japanese troops there on March.

The recovered town was in a de- vastuted state. Most of the houses have been burnt down and some 200 civilians slain.-Central News.

Guerillas Active In Mountains

Chengchow, March 3, Assisting in the counter-offensive on the left flank of the Peiping Hankow Railway and along the cast sector of the Taokou-Chinghun Rail- way in north Honan, 'Chinese guerilla units operating in

in the

Maun-

tains have become gly active]

the last few days,

during

on

They frequently descend from the mountains, make a swift attack Japanese supply lines and Japanese garrison posts and then retire to the mountains again,

The Japanese troops have suffered considerable lostes as result of these tactics. Central News

RUSSIA ACCEPTS FORMULA FOR SPAIN WITHDRAWAL

London, March 2. Russia has accepted in principle the formula for the withdrawal of volunteers from Spain,

This means that Britain, Germany, France, it ly, and the Soviet ore united on the formula, which specifies the time when limited belligerent

rights shall be granted to the Spanish antagonists in relation to the with

foreigners. Reuter

drawal Bulletin.

of

GENERAL PERSHING MAY RECOVER

Tucson, Arizona, March 2. General Pershing, who has been dangerously ill for the past few days, spent a fairly restful night, and the doctors now state that the Immediate danger appears to have passed, and there is a chance that he will recover. -Reuter Bulletin.

SHIPS IN WIRELESS' COMMUNICATION

་།

of

INCREASING EXPENDITURE Regarding the cost, the estimates for the current financial year have

an expenditure provided for

£204,000,000. For the ensuing year provision has been made for £382, 000,000. The present indications are that the programmes in hand are kely to involve a defence expendi- ture in 1939 la excess of the provi- sion in the 1938 estimates,

Future expenditure will particular- ly depend upon the degree of succes which attends the Government's efforts to achieve some appeasement in international affairs.

The following ships are expected to be in wireless communication with the Hongkong Radio Station: India, Newchwang, Artous, Deike Rickmers, Aenchs, Lillat Moller, Nagato Maru, Nielmaersk, Conte Verde, Pingwo, The White Paper concludes: "It Manila Maru, Aramis, Taiyuan, must be expected, even on Comorin, Hakusan Maru, Empress assumption that 1939, as now seems of Britain, Shontung and Delengo probable, will be the peak year in defence expenditure, that the total expenditure for defence over the five Anancial years of 1937 to 1941 will exceed the £1,500,000,000 mentioned In the White Paper In February, 1937."--Reuter.

Maru,

STOP PRESS

ANXIETY FELT FOR PLANE American Airliner Ton Hours Overdue

Fresno, Cal., Mar. 2.

A TWA, alr liner, with six pas- sengers and three crew aboard, is 10 hours overdue at Los Angeles on its Alght from San Francisco.

SHANGHAI GARRISON TO BE REPLACED

Hankow, Mar. 3. A message from Shanghal states

It is feared that the plane has come that the Japanese garrison troops in down on the rugged Sierras in the

who are mostly ex- Shanghai, servicemen, will be relieved of their vicinity of Fresno, where there is received at The last report was duties and sent back to Japan at the eight feet of snow.

9.16 p.m., when the plane was ap- A trainload of Japanese troops parently over the San Joaquin Val- recently passed through Shanghai ley, north of Bakersfield, at an alti- from the Hangchow area on their tude of 10,000 feet. It then reported way to the Hwal River front that ice was forming on the wings. Central News.

United Press.

end of March. They will be replaced by fresh troops from Japan,

JAPANESE IN SOUTH

SHANSI HALTED

Chengchow, March 3. The Japanese column which pushed: westward along the Taokou-Chinghus Railway in north Honan and crossed the border to south Shansi, has been halted by the Chinese forces west of Chincheng

Fierce fighting meanwhile is In progress at Yuanchu on the north bank of the Yellow River bordering.

ROOSEVELT PASSES on South Shansi, where o Japanese

DEFICIENCY BILL

Washington, March 2. President F. D. Roosevelt to-day signed the U.S.$250,000,000 Deficiency Rellef Bill which had been passed by Congress. United Press.

NEW YORK STOCK EXCHANGE

column is being encircled by Chinese' forces. Central News.

MR. T. V. SOONG'S APPOINTMENT DENIED

ATLANTIC SERVICE

Commission,

Plymouth, Mar. 1. Mr. Joseph P. Kennedy, the newly oppointed American Ambasader, to Great Britain, and formerly Chair- man of the Maritime of a subsidised trans-Atlantic acro- to-day predicted the establishment plane passenger and freight service before 1040-United Press.

GROUND SEARCH

Still No Trace of Missing Philippines Plane

Manila, Mar. 1. Major-General Paulino Santos, The report that Mr. T. V. Soong Chief of Staff, has ordered 200 soldiers has been appointed Chairman of the to make a ground search of the Taya- Aviation Commission is denied by an bas coast in Lamon Bay for Mr. Bur- official message received from Han-ton Hall the aviator, who is missing kow this morning,

in a Philippines Aerial Taxi Company General Chien Ta-chun has been plane.

to the Chairmanship. appal Chien was formerly

Mrs. Hall is convinced that her alde-de-camp to the Generalissimo husband is safe. and one of China's outstanding mili- tary leaders.

an

The company has since corrected

He studied at the Japanese Military the first statement that Burton Hell Cadets Academy in Tokyo and was was carrying a payroll of $17,500, one of the organisers of the Wham-stating that he had $30,000 in cash

and cheques. United Press. poa Military Cadets Academy.

SWAN, CULBERTSON & FRITZ LATEST REPORTS

New York, Mar. 2. S. C. & F. Dow Jones Summary of yesterday's markets:

Moct attention to-day was paid to the problem of the revised tax bill, Some quarters belleve that the adjustments will be disappointing, in the anti-Communist campaign for although they have provided for the several years-United Press, downward revision of capital gains

and

undistributed profils

levics.

Better sales are reported of new and used cars. It is indicated that many Senators strongly oppose any further business reform at the present session of Congress. Hopes of a seasonal pick-up in industrial activity have been discouraged. by the extremely small trading volume, dividend omissions and poor earnings. A contra-seasonal decline in loadings in indicated. Electricity production has fallen further behind that of last year,

саг-

Dow Jones Averages Mar 1 Close 30 Industrials

20 Ralls

20 Utilities

40 Bonds

11 Commodity

He is a member of the Military Affairs Commission and participated

Search Resumed

Manila, Mar, 2, Seventeen Army and two company planes have resumed their scorch of the Paracale District for the missing Company Philippines Aerial Taxi plane which disappeared recently.

arc also The army authorities searching over the sea owing to the possibility that the plane has landed in the, on one of the tiny Islands vicinity.-United Press.

PRESUMED DEAD

Crew of British Bomber On Flight Round England

130.47

120.30

30.02 19.91 01.21 01.08 54.20

20.71

10.70

M

53.80

EXCHANGE

Belllog

.18. 23%

10. £%

.104

.52 100%

T.T. London Demand

T.T. Shanghai T.T. Singapore T.T. Japan T.T. India T.T. U.S.A. T.T

Manila

TT. Batavia

Bangkok Saigon

T.T. France

T.L. Australia

4 m/s L/o London

.62

14012

.94

.9.50

T.T. Germany T.T. Switzerland

.70%

13342

Duying

∙1/014

.1/94

4 m/s D/P

do.

1/3.5/92

4 m/s L/c. USAi

.31%

4 m/s France ...

.10.10

20. d/s Indian

(034

U.B. Cross rate in London

5.01

London, Mar, 1. The three members of the RAF. who manned the heavy bomber which disappeared on February 20 while on a test flight around Britain, must now be presumed to have died the day their machine craalied, according to a statement issued to-day by the Air Ministry,

An extensive search in the air and on the ground has failed to find the aircraft.

However, oil drums are reported to have been found to-day on a beach near Wick.-Reuter.

APPROPRIATIONS BILL

"CUT" BY HOUSE -

The House of Representatives to day passed, and sent on to the Senate, the US. $125,086,090 Interior Supply

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BANK PAYING DIVIDEND

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The Directors of The Bank of East!

To pay 1

deal with as

Directors propose to follows:

$0.00 per

Dividend of

sharo

50,000 shares absorbing $330,010.00

To pay a Bonus of $1.00

per share on: 55,000

shares absorbing

Asia Ltd., announce that the profit To transfer to Resorve

for the year, including the amount To pay a Bonus to the brought forward from last year, and

Staff

after paying all expenses and charges To carry forward

and providing for all bad and doubt- ful debis and other contingencies,

Dill, which is $7,009,097 less than amounts 10 $880,104.93, which the

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Administration's request; United Printed and Published for the Proprietors by FREDERICK PEACT SILANKLIN,

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