Tuesday,
HONGKONG TELEGRAPH.
May 9, 1939,
Will Now Frame COLONY EXPENDITURE S. Africa Flocks
Neutrality Law
WASHINGTON, May 8, Benator Johrison, acting chairiman in the absence DI Senator Key Pittman, declared to the Senate foreign relations commitee that the neutrality hearings had ended, and that members would shortly start executive sesións for, drawing neutrality law on which Up the majority can agroc. Reuter Special.
TAA
Lancashire Asks For
EXCEEDS $40,000,000
MARK FOR FIRST TIME
AMONG FIVE new Bills to be introduced in Legislative Council during the meeting scheduled to begin at 2.30 p.m. on Thursday will be the Supplementary Appropriations.
These total the not inconsider uble sum of $3,426,248, bringing the total expenditure for, tho year, so far, to $41,929,003-the Arst time in the history of the Colony that the $40 million mark has been
Assistance Coby, then reached.
LONDON, May 8.
As the estimated revenue is only WITH the idea of pressing the
includes figure $30,097,326-tika Government to help the Lanca- $830,704 transferred from the Gov- shire cotton industry, a deputa- crnment House and City Develop- tion representing Lancashirement Fund, which has been wound local authorities called on Mr. up the defeil will be in the neigh bourhood of the record sum of $5,- Oliver Stanley, President of the 831,000 unless there are substantial Board of Trade to-day, and had increases above the estimates. a two and a half hours discus sion with him.
More than one-third of the amount required under the Supplementary Appropriation to be introduced
In
The deputation submitted ane-Council on Thursday is for Miscel- morandum calling for a revision of aneous Services, which totals $1,288,- Expenditure Supplementary existing trade agreements, and for 227. subsidising export trade.
under this heading is almost as high
An agreed statement cubsequently as the original estimates, which call- Issued says that Mr, Stanley stated ed for a total expenditure of $1,633,- that the Government would continue 393. Total expenditure in 1938 was to do all within its power to promute! $1,752,435,
the interests of the industry cousis-
tent with national advantage.
Charity Costs Mount
It is understood that Mr. Stanley,
A further $245,555 is required for who spoke for 30 minutes, intimated that if other things falled, the Goy-Charitable Services, increasing
the approval of additional expendi- ture of $200,392,
It is noteworthy in this connec- tion that pensions have more than doubted since 1935, when the total expenditure was 31,055,003. Other items in the Supplementary Estimates which will come up Thursday are:
District Office South Fire Brigade...
Supreme Court
Magistracies
.$17,225
21.183
7.272
53,284
15,082
Medleni Deportment ..229,512 Volunteers
Huge Profits By Chinese Bank
Japan and Spratley Islands
Consolidation Scheme
Tokyo, May 9,
Following the formal annexation
coral
To Volunteer
CAPETOWN, May 8.
THE utmost enthusiasm pre- valled at the opening of the voluntary national reserve registration.
All members of the Union Cabinet registered early,' notably General 'Hertzog and Generat Smuts, who are both over the official age of 60. They signed their names on special 'over- are forms.
Even citizens over 80 are enrolling, several of whom were members of the German army.. In the Great War.-Reuter Special.
PRESS CONTROL
IN S'HAI
SHANGHAI, May 8.
A conference concerning preas
of the Spraticy. Group, len islands which sprawl over some two control and the supervision of thousand miles of the South China anti-Japanese journals in the Sea midway between French Indo-
and China and British North Borneo, the International Settlement
was held recently appointed Japanese 31inister French Concession
Affairs, Overseas
here to-day between officials of Kolso,
iso, is understood to be the Japanese Consulate and re- planning a consolidation of: Japan's presentatives of the different possessions north of
for
Kunlaki
the
General
groups,
namely, FOTOS the
Cong/concessions. Marianne and Sprattey
According to Japanese reports, under a Governor-General residing officers of the Japanese
army and DESPITE most difficult cir-at Taiwan, capital of Formosa, with navy were also present.
a view to the further development of The Japanese, it is said, demanded a ban on anti-Japanese publications cumstances due to the Japanese Japan's "southern" polles. invasion of Kwangtung, the
and the arrest of journalists writing Kwangtung Provincial
This policy will be formuleled in for them. Bank
In definite shape koon, according to the
Lhis connection, it is reported showed a record profit of "Asahi Shimbun" and the "Nichi that the publishers of Chinese news- $2,620,000 Chinese National Nichi Shimbun." The Overseas paper in Shanghal received orders on Currency last year, according to Minister is now consulting various Saturday to present each edition for approval before ernment would not rule out the estimated total under this Head official figures released by the Government departments concerned inspection
trom 5450,204 to 5703,819.
In Japan's administration ot the printing it. principle of a subsidy.-tenter.
expenditure Inst year was $425,000, bank.
areas mentioned.
The Japanese censorship which has Must of this additional expenditure
thus been established will be con- It is an increase of $350,000 over is caused by the hostilities in China. the total profit made by the Bank in Roiso policy is reported to be ar- with the political altuation-Trans- The main objective of the new fined to reports and articles dealing New Public Works undertakings 1937,
rangements for uniform administras Occan. call for the expenditure of an addi-
the Mandated South Sen Islands and the Spratley tlon over Formosa, tional $622,052, the Kowloon Canton Railway an additional $331,268, the Post Office an additional $122.171 and
Islands, recurrent Puble Works un additional $210,068.
Bright Stock Market
the
Tolai
London, May B. The week started brightis on the London Stock Exchange to-day, gill- edged holdings and home rails ad- A further $54,501 is required for yancing, the former on buying be-Ale Raid Precautions activities, Heved for the account of large in-new heading for which $338,065 is stitutions, and the latter on increasing already set aside in the Budget. publie interest.
butler, were
Industrials mainly though occasional losses were noted. Katrs atrengthened quietly on iocni and Cape support. Olls also moved higher after a dull stort.
Wall Street was steady.-Reuter Special.
The figure includes all profita gain |ed by its main office in Sliukwan and its two branch offices in Hongkong
Some Japanese eireles express the and Swatow. The headquarters of the Kwangtung Provincial Bank were moved from Canton to Shiukwan in opinion that Instead of unifying the north Kwangtung
last year just be southern Islands under one adminis- of the Mandated South Sea Islands) fore the Japanese occupation of thetrative body, the post of Governor provincial capital,
The total value of notes issued by giving the Governor more authority. should be raised to a higher status, the Bank up to the end of last year similar to the posit
of the Govern Was $325,270,000, which is an incrense
or-General of Government pensions, the Budget of $53,000,000 over that of 1937.
The total deposits in the Bank last estimates for which ($2,070,000) - ready constituted a record, will be year were $40,720,000, an increase of the three million $11,000,000 upon that of the previous carried beyond dollar inork for the Arst time with year,
Pensions Doubled
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THE HON, Attorney General, Whiteaway, Laidlaw & Co., Ltd.
Of special interest to foreign powers is the belief expressed by the Mr. C. G. Alabaster, will intro- "Nicht Nichi Shimbun that control
in residents theduce four important Bills Japanese Philippines, the Netherlands East Legislative Council on Thurs- Indles. French Indo-China and day.
over
In
Singapure will be vested in a new, The Prevention of Eviction Ordin- Governor-General to be created for ance is to be amended by n B the purpose.
which will provide that the provisions In making this prediction, the of the original Ordinance will con- Japanese newspaper calls attention tinue in force until June 1, 1840. to the "increasing activities" of the There provisions were due to lapse Japanese in those areas. Reuter.
next month.
Anticipates Business Improvement
A Bill amending the Prevention of Cruelty to Animals Ordinance will give greater control over pet shops. The Bill will enable regulations to be made for the licensing, construction and proper sanitary maintenance of these shops.
The Trustee Ordinance will be amended by anoller Bil for the pur- pose of enabling any corporation carrying on banking business in Washington, May 8. Hongkong to be registered as a Trust
Mr. Harry Hopkins, Sceretary of Company.
the Department of Commerce, com- Consolidation of the Colony's Or menting on the business outlook 10-dinance necessitates Introduction of day, said he foresees a moderate rise the fourth Bill which empowers the in business for the remainder of the editor of the Ordinances, under cer- tain circumstances, to make appro-
year.
He scorned the pessimistic attitude priate omissions and rotations in the adopted last week by the Chamber of volumes. Commerce convention, and expressed the opinion that It did not represent the views of the majority of business- meu,
He advocated continuance of the Administration's spending programme for the next 12 months.
So. Africa Needs Surveyors
CAPE TOWN.
Mr. Hopkina refused to discuss tox revision, pending further conversa- There is a shortage of trained land tions will members of the Adminis-surveyors for well-paid government tration, and he adopted the same atti Jobs in South Africa. The job re- tude when asked whether he was quires four years university train- still standing on his proposals forling. The shortage is all the more business encouragement which he acute because Government land sur- outlined in speech at Desmoines in veyors could not be brought in from February-Reuter.
overseas,
.
HONGKONG WAR RISK RATES DROP SHARPLY
WAR RISK insurance rates between Hongkong and Europe dropped by 7s. 6d. per 2100 to-day.
Latest Information quotes the rate at £1-17-0, as against the pro- vlous figure of £2 35.
It is understood the drop is due to the withdrawal of the Ta. Ed. surcharge on cargoes through the Mediterranean.
The special rate fixed between the British Government ant the British shipping companies for cargoes to United Kingdom porta is un- changed at three-eighths per cent.
The reduction in the rate on the Mediterranean journeys has bad a beneficial effect elsewhere, and d" similar drop is made on local Journeys. War rak rate between Hongkong, China.; Stralis and lidla now stands at 55. per cent. as against 12s. 6d. per cent.
REDUCTIONS IN EUROPE
London, May B. Big reductions in war risks rates for shipping were announced to- night, the principal alteration being n reduction of the udditional premium for voyager through the Mediterran- enn or the Hollie from 20/- per cent. to 12/04 per cent.
The new rates affect risks outside of the war risks cargo pool, with which the Government co-operates.
An underwriting authority told "Hoitter" that the reason for the change is that the Institute of Under- writing considers conditions are sumelently quiet now to Jusufy re- dueing the rates-Reuter, Special.
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