Friday,
HONGKONG TELEGRAPH
July 14, 1939..
Colossal Expenditure Planned For Balance of Year DEFENCE COST BOOSTED TO £730,000,000 RECORD
Stock Market Sensation
New Opposition To Wang? PUPPET SHOCK FOR JAPAN
LONDON, July 13. SPEAKING IN the debate on the budget in the House of Commons to- day, Sir John Simon, Chancellor of the Exchequer, stated that it was estimated Shares_Of_Mining that total defence expenditure during
Co. Excluded the current year, originally given as £580,000,000, afterwards rising to £630,-the Commonwealth Mining and '000,000, would now in fact be. £730,000,-panies in the same group from 000 The amount to be borrowed will now quotation on the London Stock approach £500,000,0000 compared with Stock Exchange committee to £380,000,000 originally arranged.
Wang Keh-min is head of the Reasons for this step were not Provisional Government at Poi- from Tsingtao where he attended
LONDON, July 13. EXCLUSION of the shares of
Company, and
com-r
Exchange was confirmed by the!
day.
PEIPING, July 14. when Wang Keh-min voiced opposition to the scheme of JAPANESE PRESS correspondents received a jolt creating a Federal Government in Japanese-occupied China.
ping, and he has just returned
Sir John Simon added that it would be possible to raise some £150,000,000 by Treasury demanding that the Board of Trade the United Council meeting. Bills.
Shareholders, it is stated, are
Institute an investigation on the con- duct and administration of the com
Brighter Tone
Only part of this year's requirements can be met bypanies Trans-Ocean. the floating debt, consequently, added the Chancellor, at the proper time it would be necessary to ask the general investor, great and small, to contribute on an abundant and generous scale to a new defence loan.
Sir John Simon exclaimed: "Show me another country in the world, with our population, that finds £900,000,000 out of day to day taxation. The remaining £500,000,000 from borrowing is a disturbing figure, but we recognise that we must take the main burden on our selves."
Sir John Simon ascribed the| quiet reception of the budget |
firstly, because of the knowledge Jewish Army
that it was necessary, secondly, there was the de- because termination of people of all! classes that come what may Britain would find what was needed for the liberty, safety and strength of the country.
A Labour motion for the re- jection of the budget was defeat- ed by 206 votes to 141, and the budget was rend for a third time,
--Reuter,
In Palestine
New York Paper Unearths Story
NEW YORK, July 13.
DETAILS of an alleged illegal Jewish army in Palestine are re- vealed in an interview in the New York "Sun" with a repre
sentative of that army named
Millionaire Gileus, who is apparently visit-
Drug King
Sent To Prison For Two YearsTM
PARIS, July 13. M. THEODORE LYON, mil- lionaire owner of a country chateau who has been described
as the Drug-Traffic King, was given the maximum sentence of two years imprisonment after 4 nine days trial, in what the prosecutor described as one of the biggest drug trafficking cases ever discovered.
Jing the United States in order to organise detachments of a secret Jewish army in America.
i
Silver Shows New Strength
Receiving foreign, Chinese and
declared that the suggested new Government was not even discussed ( at Tsingtao, and he denied that Wang
Japanese journalists yesterday, he Bottom Of Market
Ching-wei attended the meeting.
LONDON, July 13.-Textiles and rayuns were the brightest features at the London Stock Exchange to-day, He added that it was improbable. following Courtauld's Interim dividend the Council would discuss the subject of two per cent, which came as at its next meeting in August. 16 per cent: previously. pleasant, surprise compared with the
Kaffirs were mainly steady era!ionals were better in response to the Improvement by Wall Street.
Replying to a barrage of questions from sturtled "Japanese correspond nodents, Wang Kel-min gave still further discouragement by declaring that his Government had prepared no state ment either supporting, or answering unit condities, when touched Wang Ching-wel's recent manifestos
low.fevel of 38. 7 d. per and peace appeals. quintal in expectation of a huge Canadian surplus, together with the existing Argentine surplus. Suboe quently wheat rallied sharply on short-covering.
Wall Street was stronger.-Reuter Special.
Credits For Poland
Reached?
BOMBAY, July 13. THE PRESENT strength of ailver is mainly attributed to aggressive bear coverings in the belief that the bottom of the market has been reached.
COOL COUNSEL
Manhattan
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SHOWING AT
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These people
know their job!
interior averaged 160 bars daily in the Absorption of spot silver by the
past fortnight, which is a high level which cannot be maintained for love especially during the monsoon season That's exactly what Public reaction in North China to Wang Ching-wel's statesments was a States support at the current advance,
In the absence of definite United you will say about wide difference of opinlou. some well-informed quarter bellove that your Gabardine, Palm- favouring, and others criticising Wang prices Ching-wel
gradually decline-beach, Sharkskin and Reuter,
While the Provisional Government agreed with Wang Ching-wei in wish- ing to end the war. they differed on (detalis in methods, he adderi..
Reuter.
Traitors Expelled
CHUNGKING, July
1. The
standing committee, of the Kuomin-
and at current prices.
zaust
H.K. Stock Market
tang Central Executive Committer The following quotations were
Britain, France Tontit a recort meeting to. per- on the Hongkong Stock Mar-
Increase Aid
manently expel Mrs. Wang Ching-ket wel, (nee Chen Pi-chun) and Mr. Chow Fu-hat, former Chairman of the Central Publicity Council, from LONDON, July 13.
the Kuomintang for conspiring with Financial support of
Wang Ching-wet agonist the State the and surrendering to the enemy, and Western Powers for Poland is to request the National Government now expected to be on a larger to puilsh them according to law, scale than hitherto assumed. The committee also decided to ask Giles says that such detachments
City circles are inclined to believe mitice to investigate other Kuomin
the Kuomintang Supervisory Cum- have been started in Warsaw, Paris the "Yorkshire Post" report that it-tang members who are engaged and London, and that a secret army dependent of the exports credits from subversive-activities with Wag called the "irgun" could be employed Britain, England and France would Ching-wel. Punishment at any time to fight for the independ-each grant the Polish Government meted out to them too-Central News. will be case of a Jewish Palestine.
Joan amounting to £5,000,000.
He added that the secret army was However, it is thought in the City organised atong the lines of the Irish that these loans will possibly take the Republican Army, and that it had form of a Polish can doated In Lon- several tens of thousands of members, don v. Priris, and guaranteed both as
Terrorisin against the opponents of regards principal and Interests by the Jewish State and the promotion of British and French governments. illegal Jewish
are It is further stated that the Polish
immigration
described as the principal tasks of economic delegation in London wished the secret army.
to obtain altogether
£30,000,000 of
STOCK · MARKET REPORT
this
BANKS
.70 .
7 n.
II.K. Banks 5. 1,300 s. & sa,
1.K. Bunicu Lon. £ Chartered 1. Mercantile, A. & B. £ Mercantile, C. I. East Asia $...
INSURANCES
In
Cantons $. Union Sj_kt China Underwriters II.K. Fire S.
The Hongkong Stack Exchange With the support of that army, which £20,000,000 should be offlela summary issued at 4 p.m. more than 15.000 Jews had succeeded imranteed for export credit for the yesterday, says: In entering Palestine legally within purchase of war material in England,
Although the day's trading was the last 14 months, and another 10.000 while the remaining One item of the indictment was the were on their way to Palestine, hoping would be used by the Polish Govern- quiries which are finding difficultica £10,000,000 again on a small scale, there are en- discovery of 200 pounds of norphine to gain admission also by illegal ment to buy war materials from other in being dealt with. and heroin in a secret factory in means-Trans-Ocean.
Buyers offers remain unattractive, and holders are reluctant to lower their prices.
Buyers
were
Paris.
Sentences of paprisonment passed on never aceplices, includ ing 18 months m Chele Dacula, fortner Peruvian Consul in Paris. Reuter Special.
CORRIGAN MISSING
Dei Rio, Texas, July 13,
"Wrong-Way" Douglas Corrigin,!
U.S. Speeds Up New Bases Fortifications In The Pacific
countries.-Trans-Ocean,
Keep Forces On Alert LONDON, July 14-It is hoped that agreements arising from the Anglo-Polish military and economic conversations in London will be signed to-tky says the "Dally Telo- graph" diplomatic correspondent.
to
He understands that the British and French governments will con- Eribute £5,000,000 and £3,500,000 | respectively towards the fund I strengthen Polish finances, thus en- WASHINGTON, July 13. abling her to keep armed forces| Presklent Roosevelt has ordered mobilised, while Britain will further startled the world this year by the speedy construction of nuval and extend credits up Lo a total of "accidentally" flyhut solo across their bases on the Paclite islands of £8,000,000 for the purchase by Atlantic in an antiquated neroplane, Palmyra, Johnston and Midway, and Poland of war and raw materials,— is reported missing in a 250 mlies the islands of Knodiak and Slika off Reuter. Night from Dryden to San Antonio, Alaska.
the young American avintor who |
where he is due to be married on President has suspended the eight- To speed up their construction, the Monday,
There is a storm over the entire hour working day for these works." area, with telegraph lines down and
The President has also ordered the highways dooded, and it is believed construction of a naval air base on possible that he has landed some-St. Thomas I. of the Virgin Islands where en roule.-United Press,
Corrigan Safe
SAN ANTONIO, July 1-Wrong" Way" Corrigan landed safely here at 12.45 p.m. three hours overdue on his 250 mile night from Del Rio, Texas- United Press.
P.C.'s Alleged Extortion
Alfeged to have extorted the sum
of $3 from a man named Cheng Ping
Trans-Ocean.
ALLEGED RAPE
ILK. Bank $1,350. Union Ina. $115. H.K. Tramways $10. Youmati Ferries $324. China Lights (old) $815. Cements $12.00. Watsons $8.40.
Wing On (1.K.) $4.
HK, Govt. 4% Loan 44 pm. HIK. Govt. 34% Loaut par.
Sellers
Canton Ins. $230. Union . $425. ILK. Wharves $106. Humphreys $84.
Sales
H.K. Bank $1,300/05. 11.K. Electrics $35.
NO FLIGHT OVER Dairy Farms (old) $21%,
DENMARK
LONDON, July 19-The British Air Ministry to-day officially denied) reports that the British air force is to make test flights nerosa the Ballic
that Sen and Derinark, and
the Danial: Government had already given the necessary permission.
The Air Ministry adds that the
An Indian Polles special guard, practice flights of British bombers are Bahadar Khan, 27, was charged be to be solely to France and back-1 fore Mr. T. J. Houston at the Cen-Trans-Ocean, Il Magistracy this morning with; raping a woman, Lau Chung, on thej hillside above Deep Water Bay on July 12,
Flight To Near East
LONDON, July 14,--With regard
in Wanchal on July 12, Ng Kwok, Detective Sub-Inspector J. O'Dono- to further practice flights by the 28, Chinese constable C407, nppeared van asked for n remand of one British alr force, the Dally Tele before Mr. T. J. Hotision at the Cen-week, mying the woman was in hos-graph" says lo-day that a large-scale tral Magistracy this morning, when plial. The defendant, he added, was long-distance flight of British mill- he was remanded for a week. attached to Woninelchong sub-tory planes to the Near East will
Defendant, who is attached to station,
take place in the near future. Wanchai Police Station, was allowed Mr J. M. d'Almada Remedios ap-j According to the paper, the route bail of $250 in costi, and in two peared for the defence, sureties ́at $500 each.
Khan was remanded to 2.30 p.m. Mediterranean, Turkey. Egypt and Inspector A. V, Baker prosecuted, on July 20 on bail of $3,000, · probably,„Humania.--Trana-Ocean
to be takoi will be over. France, the
Watsons $8.45.
- Mahila Gold Shares: Afternoon
Closing
SHIPPING Douglases $. Steamboats $
Indo-Chinas, P.S Indo-Chinus, DS. Shell Bearer 5/9 Waterboats $.
.24 n.
12. 30 п.
.230.
other types of Sum-
mer Suits when they come back from
ZORIC
Odourless - Air Condition
Dry Cleaning
THE STEAM LAUNDRY CO.
Head Ofee & Works 57032
Hong Kong Depot, Tel. 21279. 125-Peak-Depot.-
1.35 .
.105 TO
C7 5.
10.
30 .
0276 2
8.10 .
108 174 n. .4.60 n.
8.30 1,
108 n.
MINING
.8.40 n.
.17/0 n.
DOCKS ETC. Wharves $.. Docks $... Providents
New Eng. Sh. $.. Sh. Ducks, Sh. S.
Raubs $.
Kailen s/-
Venz. Gold S..
Hongkong Mines cts.
Hotels S
Lands $..
LANDS
Land 4% de. $. S'hai Lands Sh. S. Humphreys $.. II.K. Realtics Chinese Estates $.
UTILITIES
Macao Electrics.. Sandakan Lights Telephones (old) S. Telephones (now) Tractions /- Traction (Pref.) s/~
INDUSTRIALS Caid: Macg. (ord), Sh. 5. Cnid: Macg. (Pre), Sh. Conton Ices $.
Cements $....
II.
.4 n.
.5% n.
.38 n.
.par. n. 18% n
.8% s
.7.60 1.
Gloucester Bldg., 2nd Fir Tel. 28938, Tel. 29362----Kowloon-Depot-
Tel-586457
NEXT CHANGE KING'S
AT THE
EDWARD G.
ROBINSON
The Law
.4,00 n.
100 11,
Trams $
.10% b.
Peak Trams (old) $.
7.40 n.
Penk Trans (new) $.
.3.70 11.
Star Merries $.
.05% !.
Y. Feries S.
2214 n.
China Lights (old) $.
dis n.
China Lights (new)
.5.00 n.
II.K. Electric $.
55 st.
10 n.
12 n.
Barbara O'N÷!!®
.23
n.
.10/1. 22/- n.
John Beal Wendy Barrio Otto Kruger
Columbia
14 n. $...13 n.
.1 n. 12.60 b.
.3.70.n.
Pz.
18 S
.211⁄2 m.
18
21.
Bagulo.Gold Batong Buhay
20
0.45 sa.
0124
Denguet Consolidated
Lane, Crawfords $..
7.30 n.
10.20
Big Wedge
Sinceres .......
1.80 n.
18
Wing On (HK.) $.
41 b.
Coco Grove
23
Powell, Lt. $.
.1 n.
Consolidated Mines Demonstration
0020-
COTTON MILLS
Gwo Sh. $......
10.60 n,
.I. X. L.
41
B
S'hal Cotton Sh. $.
.103 n.
ipo Gold
18
3
Zoong Slog, Sb, $.
43 n.
Hogon, Mining
23
5
Wing On Textiles, Sh. $.
482.1.
Masbate Consolidated
10
MISC.
Mine Operation
124%2 3
ILK. Entertainments $..
0.00'n.
North Camarines
23
B
Constructions $..
.1.55 n.
Paracale Gummaus
13
S
Vibro Piling $..........
.8% n.
91. S
Ch. Govt. 5 1025
Surigao Consolidated
10
Suyde Consolidated ..
12
D
Sundicate Investment. 0340 United Paracaio
40%
Mindanao Motherlode. DB
Atoks
Antamok
San Mauricio
II.K. Ropes $....
STORES, &c. Dairy Farms (old) $.. Dairy Farms (new)
Watson $....
"Little Cacrar"" turns fighting prosecuter.. to turn in his greatest performings in the story they said was
"too hot to handle!"
G. Bonda 3.40% 1.
H.K. Govt. 4% Loan 4% prm, b. H.K. Govt. Loan 34% par b. S Marsmana (Lon.) sf- 14/3 n.
Märsons (HK) 8/~ .... .4/- T
THE
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PENINSULA HOTEL;
HONGKONG HOTEL; REPULSE BAY HOTEL,
&
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