1
་
Japanese
THE
HONGKONG TELEGRAPH, THURSDAY, NOVEMBER 3,
1938.
Minister
Finance
On Need of New Sacrifices
JAPAN WILL HAVE
TO TOLERATE
ΤΟ
INCONVENIENCES
IN
Cooperation Appeal
TOKYO, NOV. 3.
a lengthy statement designed to enunciate the Government's economic and financial policies towards the situation following the fall of the Wuhan area, Mr. Scihin Ikeda, Minister of Finance and concurrently Minis- ter of Commerce and Industry to-day urged the nation to redouble efforts for the reconstruction of China.
He points out that the Japanese occupation of the Wuhan area marks an important stage in attaining the objectives of the present Incident, which, however, does not implicate
in any change
the fundamental policies of Inance and renaomies for Japan.
Development of natural resources and promotion of industries in East Asia not only provide basie necessi- ties for the realization of un-existence and co-prosperity between Japan, Manchukuo and China, but also the very way by which dupan should, develop her national fortunes.
The Finance Minister urges the Government and people to make concerted efforts for the accomplish-
to them.
Cabinet
Changes
Please
France
PARIS, Nov. 2. ment of this important task assigned THE EXCHANGE of the Minis
terial prats n the French Finance Minister Hleda then Cabinet between M. Paul Rey- stresses the necessity for large quan-naud and M. Paul Marchandeau titles of material resources and au was accepted by the press to-day | enormous amount of reserve fund in replenishing the productive capacity with varying degrees of satisfac-¡ and carrying nut other enterprises in tion. pursuance of the prolonged military operations and reconstruction works in China,
ECONOMIC CONTROL
The Matin express the view that
tion.
HOLLAND
J. G. Kult, 00-year-old retired planter of the Dutch East Indies, is shown with two panions on his 38-foot smallbont, in which he left Montauk, L. I., for a transatlantic crossing. port for which he set sail is Zaandijk, near Amsterdam, The Netherlands. America via Africa and South America,
OCCUPIED AREAS
FLOODED WITH
NEW CURRENCY
Trade
A
Brought To Standstill At Chefoo & Tsingtao
¿LI}
Shanghai, Nov. 3.
ruta-
The
He made the cruise to
12 Watches Swindled From Firm
Two Men Convicted This Morning
The Cential Watch Company of Wing Lok Street, was victimised by three tricksters, which resulted in the loss of 12 wrist watches, valued at $75. But the smart work of Detective Sergeant IL. B. Dewar brought (wo of the men before Mr. R. Edwards at the Central Magis- tracy
this morning charged with larceny by trick.
According to Det.-Sgt. Dewar, frat defendant, Chan Siu-yee, 25, un- employed, was known to the Com-
On October pay
-OVERCOATS-
Readiness-
-in
Here's
Overcoat timo approaches
and finds Mackintosh's in
readiness with a notablo dis-
play of AQUASCUTUM Coats.
There aro coats in the nowest
designs, colourings and stylos for every occasion of autumn
and winter, and remarkable
oxamples of value for prico.
MACKINTOSH'S
Luch!
EWO
STOCK MARKET
REPORT
In M. Reynaud the Finance Ministry acquires a leader who possesses d
Of considerable interest to foreign Powers is the statement just
The Hongkong Stock Exchange f profound technical knowledge, and!
He was introduced there official summanry issueil at 12.30 p.m.) In order to adjust the dennual and Who will stand rolutely against any made by the spokesman of the Japanese Embassy, who in answer
attempt at dietaung the mancial to questions, revealed that Japan has been issuing an inscription for about three months ago.
28, Arst defendant together with yesterday, says: supply of necessary materials, Mr. policy. Special attention is called to an undisclosed amount which is being used in the occupied arcas to
second defendant, Lam Chuen, 24. During the short session to-day, Ikeda urges the necessity of enforcing his declaration that a new devalua economile control for a long period.on of the Frane does pot come inte pay for supplies of labour, and the Japanese army and navy forces. unemployed, and another man, Lithe market was quietly steady with The Government will maintain and he question.
According to the inscription these notes are convertible into Man, went to the Company, ordered Pointing out that
the watches and requested that they very few changes in prices. There and therefore represent an increase of strengthen their past poilcles in this der M. Daladier's Government, 19 Japanese currency
be sent along with them by foki lo were buyers for some of the public regard for the promation of produc-millard Pranes have been returned Japanese note circulation, by an amount believed to be considerable. Dodwelt and Company, Shinghal utility counters, but shares were dif- tian, development u natural to France, the pr endorses M.
Acult to obtain at quotations. resources, control of the distribution iteynaud's assertion that the problem The Embassy spokesman actually
is one of peonomic organisation, more admitted that
Buyers thus respresents Merent labour and higher produc-initus of Japanese currency to an
Hongkong (Lon.) eng Junspecified amount and constitutes
H.K. Lands 337 The National French income which substitution of the Chinese currency has sunk to 220 milliard Franes must in the occupied areas, It also more these policies, be increased to 350 milliard and then or las enforces trade in Japanese especially there for the control of balancing of the State budget will goods as the notes are only exchange- distribution and consumption of com-result automatically. Thus, according able for Japanese currency, meaning modities and adjustment of com- to the paper, is the goal towards which that the altmate recipient of the modity prices, will bring about con- M, Daladier and M. Reynaud will notes can use them only for boying siderable inconveniences in various strive: It is thus certain that in the Japanese goods, unless he puts them quarters, but because realization f programme of M. Daladier's Governinfo circulation again in the occupied | these undertakings his vital effects ment the words "devaluation" on the prospective settlement of the "foreign exchange control" will be present situation, the Finance Minis- replaced by
At the same time reports from the the slogan "financial fer asks the nation to manifest great! restoraton through economic rehab) | northern ports of Chefoo and Tsing-
tao state that the authorities sympathy and co-operation in them. litation."
are not allowing
and consumption of commodaties. control of commodity prices, en- couragement of savings, increase of export, encouragement of invention and other undertakings.
Parlance
اده
and prea
there
of
Samshui Battle Favours Chinese
Banic building.
On their way to Dodwell's the first defendant
lefi
the party. Arriving at the door of Dodwell's, Li Man went into the ofer and returned later, nsking the foki for the watches. After a short time second defendant told the foki that he would go inside and see what
was keeping L Man from paying
him. The men disappeared, and the foki made a report to the police. The defendants were not known to Dod- well and Company.
First defendant was sentenced to three months hard labour, Second defendant, who had two previous con- victions för similar offences this year, was sentenced to six months' hard was recommended for
Referring to the compilation of the The Epoque reports that Foreign Chinese banknotes and foreign cur-
and torrincar Japanese Forced Back Labour, and
reney,
thereby
practically preventing concerns, as the
refuse thef
To Gates Of City
YUNGYUN, Nov. 3.
budget for the next fiscal year, Minister M. Bonnel was one of the Finance Minister Ikeda says that ex-strongest opponents to M. Marchan-trade by foreign penses in ordinary accounts will deau's proposed measures, his opinion Chinese dealers mostly greatly be retrenched, but that in brons that arenever payment in "Federal Reserve Bank"
of the prevalling circumstances would be endangered and political banknotes which were issued by the CHINESE TROOPS home and abroad the Government
nent co-operation with England and Provisional Government.
counter-attacking Samshui Nor fraperiled.
would expenses will hereafter amount to an America
at
Cornoua
in-
amount and that the France be weakened by negotiating Regarding reports of the landing succeeded in blasting their amount of bonds to be issued by the with Germany or Italy. The paper south of Fanchow, the Japanese way to the east city gate Government will also be considerably expresses the belief that M. Heynaud's spokesman still has no increased.
first measure will be to revalue the formation but believes it possible that; yesterday.' "It is not yet the time when the gold reserve in the Bank of France a minor operation took place in th people will expect relief of the in on a basis of the present onleial rate area indicating that the landing has clience on them," the Finance Minis of 179 Franes per Pound Sterling.not met with the
This would increase the funds at the Trans-Ocean. declares,
the Treasury by 35 The nation will have to tolerate dispend of
inilliard Francs.—Trans-Ocean, various sorts of economie incon- venlences for a long period. This, however, does not mean any negative constraints exerted on the nation. but
ler
It
LETTERS TO THE
EDITOR
han the positive prospects for a new period ahead after the inculties in connection with the prolonged re- construction Inve been straightened out," the Finance Minister declares. Concluding, the Finance Minister calls upon the nation to display the spirit of perseverence and fortitude and prove themselves equal to all possible difficulties and hardships and thus lo co-operate with the Government in attaining the objective To the Editor,
of the present Inetdent.Domel.
CNY
THE WAR DEBTS
Hongkong Telegraph.
pound of flesh, Shylock,
She Tired
Of Being A Mother
WIE
AIRCRAFT ACTIVE
banishment.
Legacy Costs
£8 a Week
pel dogs and
H.K. Tramways 110% Peak Trams (Old) 98% Yournal Ferries. $23 China Lights (Old) 910.6O China Lights [New] $10,20 II.K. Electrics #95%
Telephonen (Old) $24.00 Watson
17.05
II.K. Govi, 4% Lann 0% pm. 11.K. Govt, 34% Loan par
Seliers
Hongkong (Zan) £81 H. & S. Hotel 16.80 China Lights (Cd) $10.00 China Lights (New) $10.40
Bales
LTD.
BEER
U.S. COMMODITY
PRICES
LATEST CABLED
QUOTATIONS
New York Cotton
New York, Nov. 2. Opening
8.53/52
Closing 8.54/54
December
Jan. (1939) Mar. (1030)
8,41/41 8.44/44
8,40/41 8.41/42
May (1939)
8.22/22
8.20/20
July (1030)
8.10/10
8.15/15
Oct. (1939)
7.78/78
7.80/00
Spot
1.01 Nom.
New York Rubber
December 18.801/053 16.79b/04a
Morch
May
September
10.88/07 10.80/82 10,81b/00a
18.82/82
10.04/05
Sales for the day:—1,000 tons:**
Chicago Wheat
03/4/03% 03/03% 05/00% 85%/08
Dee.
May
July
Tuesday's Sales:---
65%/05%
18,532,000 bushels.
Chicago Corn
Dec.
4-42/442
Hongkong flank $1,300 Unton Insurance $500 11.K. K. Wharven $100 Providents (Old) $4.30
Muy
48/48
July
Dec.
May
I. & S. liotals 10.70 JK, Tramways $10% Chinn Lights (New) $10.30
Telephones (Old) $21.00
Marsmans (Lon) 17/0 Anlamaks Pn. 0%
Atoka 21
Baxulo Gold 24% Coco Grovo
9
Consolidated Minen 00 Demonstrations 20
1. X. L. 60 Ban Huarcia 112 Suyoe 21 United Paracates .45
THEFTS ON TRAMCARS
Chinese Facing Number
Of Charges
Winniper Wheat
44%/44%
48/40
49%/49%
67%/374 6754/5734- 00%/60% 01/01
BRIBERY CHARGE
Chinese Committed To The Sessions
A
Charged with having offered bribe of $100 to Mr. A. F. E. Jeffries,
Cheung!
Elec
and
L
Sessions for tria),
Assistant Crown
before Mr. R. Edwards at the Central Magistracy yesterday afternoon, on remand, Hung Kwan-chor, 25, hend- master of the Communication trical Engineering College,
Wel-lun, alla
L. Chang, 25, a
n teacher, were committed Alleged to have been responsible to the Criminal Se
J. Prenil for several lureenles from the person Solicitor. on beard rumeurs, a 27-year-old unemployed man, He Ping-nam, ap-shing Lo represented defendants.
The defendants were alleged to peared on remand before Mr. H. R. Butters at the Central Magistracy have put the money in Mr. Jeffries
coat pocket, while he was searching the premises for my unlawful radio yesterday, and was remanded for a further week.
apparatus. He was charged with larceny from
Mr. Lo submitted that his clients
Pranted, and Mr. Hin-
They inflicted considerable
the on
Japanese desired result-casualties
guarding the gate and seized two Japanese machine-guna dur-į ing a brisk engagement. They |withdrew upon the arrival of
Frances Countess of War- heavy Japanese reinforcements.
wick left her housekeeper, A unit of the Japanese troops!
Miss Nancy Galpin, £400 a invading Sunfeng to the northwest of Lungmon
astnihilated by year and 500 pet birds-bul Chinese self-defence corps. The Miss Galpin said recently: Japanere have temporarily abandoned "I fear the dear countess their attempt to attack the district
did not know it costs £8 # in view of strong Chinese resistance.
The Japanese column driving week to keep them." northward along the Toungla For eighteen years Miss Galpin highway is still checked ut was housekeeper at Buton Lodge. h, about 17 miles north-Bunmow, Essex. Thirty-five-year-old Mrs. cast of Taungfa and about 25 miles "For unfailing devotion and dis- Eileen Stevenson turned her west of Lungmoon. It has remained interested loyalty" she was left the
annuity, the birds, scores of trunks full of the gowns In the person of Fung Chak, 35, braker, had no case to answer, but kla Wor- Sir. Very well. Stick to you five children out of their active in the last two days.
Japanese aircraft repented their which the countess dominated Ed-of 15 cents on board a trucar ship ruled otherwise. home in West-square, St.
Johnston Road on October 22; larceny mass raids over various cities inwardian society.
of a notebook from the person of Lo George's-road, Southwark, Kwangtung
Yingtak. Since the death of her mistress in
Kwal-chung, 35, clerk, on board n Falkong
and July she has been looking for good S.E., recently, locked the lotow,
tramcar on October 18; receiving a of stealing un car-ring from a mar- pocket-book on October 22, knowing tied woman, Lam Yee-koo, $8, at door behind them, and said, yn in north Kwangtung were homes for 400 birds.
13 DOGS, TOO
it to be stofen; unlawful possession Wing Lok Street on Tuesday.
Inspector W. Moir said the woman, dropped indiser/m- Bruined inately. Yungyun
Just She has sent over 200 budgerigars of a trumeur monthly ticket; and You will have to get on inity after repeated Japanese air and courtes to the R.S.P.C.A. "sunlawful possession of a pocket-book, together with a friend, had
The case will be heard at 2.30 p.m. arrived in the Colony from the coun- bombings during the last few days. Ing school" at East Molesey, Surrey. thousand
on November 16. Bail of $500 was try, and they were walking along your own way."
the street when Li came from behind Subing (Koyui) an the West Miss Galpin said: "A
and snatched the car-ring from the The children cried as the kissed River above Samshui was raided by times I have asked myself Will her allowed. Ijull,
old women. Sho raised the alarm. them good-bye.
seven enemy machines, Bombs were ladyship be annoyed with me?" But When twenty-one-year-old Allee
and defendani was chased and caught Still crying, they were found hours dropped in the western outskirts. I simply cannot keep all the birds. The King has accepted President Moran was accused of Hull recently later, wandering in a Brixton street. The planes also
reconnaitred
by a private watchman named Lam over There Is the cost of food and the Roosevelt's Invitation to visit
Sik-hung. the of stealing from the inn where she
NEIGHBOURS SAY- United States during his tour
ilverman's wages and I am moving to a thu lowns along various
Ittle house on the estate where there Canada, according to
of worked, a young man sald to the This story was told at Lambeth Central News. the Dally stipendiary magistrate, Mr. J. R. Pallce Court Inst month, when the
is room for only a small nvinry, Herald, which states that the King's Macdonald, "I will marry her."
"I am taking one hundred of the mother WAS Bentenced to four answer is now
on the way to Said Mr. Macdonald to the young months' hard labour.
"I abandoned the children, but I birds the ones her Indyship loved Washington.
man, when putting the girl on pro- The prosecution naid The exact date of the visit has not bation:-
that the have no wish to give any explana-most-with me. woman's husband had an incurable|Lon."
see, I also have her lady yet been announced, but it is said "If you are a decent fellow and discose and was away. She had Neighbours said that they could ship's thirteen dogs to look after. the. King will visit the White House there is any good in her you can do become tired of her responsiblities understand it. Mrs. Stevenson was They cost me £2 a week and 258. for three nights and two days-much more towards moving her than as a mother.
always "the very best of mothers," wages for the widow woman who Trans-Ocean.
any judge or magistrate.
On hearing her sentence, she said: "they"said.
King To Visit America
Stay Three Nights At White House
London, Nov. 2.
ANTONIO.
Sunterday.
Man Proposes "I am never coming back. Bombs were Pinegin five groups.
In Court
확정한
now R
"You
helps with them."
PRISON AND CANING
Young Santcher Chased And Arrested
Remand Grassfed
Chan Chiu, 28, unemployed, ap- peared before Mr. R. Edwards at the Sentence of six months' hard Central Magistracy yesterday charged labour and 12 strokes of the cane with the theft of a pair of gold car- was imposed on a 17-year-old youth, rings from Cheung Nul, 61, widow, LI You-shing, by Mr. H. R. Butters at Gough Street, was remanded for at the Central Magistracy yesterday, 40 hours to ascertain whether when ho was convicted on a chargo would be, fą for eaning.
be
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