Treasury To Control Securities
Important Move Is Announced
LONDON, Feb. 18 (Reuter), The Treasury have announced an order transferring to them- selves all holdings by United Kingdom residents in 60 speci- fied securities marketable in New York.
Holders will be re-Imbursed in sterling at the current Now York price of currency and the amiciul ex- change rate plus accrued Interest to March 4.
It is recalled that arrangements were made on the outbreak of war registration with the Bank of England of all United Kingdom hald Ing of United States securities, and the present step aims at vesting a certain number of these securities in the Beltish Treasury.
Not To Force Sales The reason for this is to ensure that realisation of these securities in the American market orderly, and that! the total volume of such sales from the United Kingdom, veated and non- Invested, should continue
over
period of time at about the average of recent months.
In addition to the present 60 securi- ties, further vesting orders may be issued from time to time,
"Reuter" learns that there
desire to force sales.
Ja no
The list represents preliminary mobilisation of certain securities
with an netive market.
In no case do the securities re- quisitioned form big proportion of the total outstanding securities of the companies concerned.
Precautionary Stop
It in bolleved that the recent un- certainty has been worse for the United States market than the know- Todge now given that the British Treasury has a definite long range plan.
of the
Only a small proportion total sceurities available are now re- quisitioned and the present list ex- cludes several important market counters.
The step in no way indicates an actual or impending exchange short- age, but is a precautionary step taken well in advance of any necessity.
Will Not Weaken Market
If private sales continue of the re- cent volume, there may be no need for offcial sales, though doubtless the opportunities of profitable murketing will be
taken.
Requisitioning will probably have the effect of reducing sales.
It is pointed out that the British: authorities obviously desire to obtain the best price possible and will not operate sú na to weaken the market,
America Sells Idle Ships
SPECIAL TO THE "TELEGRAPH"
NEW YORK, Feb. 18 (UP)The sale of eight idlë” trans-Atlantic ships to the Societe Maritime Anversoise, of Antwerp, has been announced by the American owners.
The side price is reported to be US$4,000,000.
The vessels include the President Harding, American Trader, American Traveller, American Banker, Amerl.
can
Monday,
HONGKONG TELEGRAPH
Bolow wo publish
HONGKONG PREPARES: further photo-
graphs of a now
sorios, specially taken by Norman Soong, of Hongkong's defence preparations.
photographs will appear daily in the "Telegraph".
Those
AN ANTI-AIRCRAFT GUN in a newly-completed position in Hongkong. It is one of many such units installed during the past year. Expansion continues.
FINNS MAY FIRE BIG FORESTS
By HUBERT UEXKUELL
("UNITED PRESS" STAFF
CORRESPONDENT)
February 19, 1940, CLEARING OUT THE
SQUATTERS
Urban Council Acts Scotts and
Swiftly In K'loon.
AS FORECAST by the "Tele. Henry Heath
graph" on Saturday, the Urban Council has acted swiftly in its campaign against squatters, fol- lowing gazettal earlier this month of wider powers under the Emergency Regulations, which now permit eviction of unauthorised
persons from
Crown Land.
Swooping suddenly on the Kowloon City area bounded by Grompian Road and Lion Road, Urban Council officers, assisted by Pollee, took possession of several hundred build- ings this morning.
About four thousand people were eviated during the course of tho morning and I".W.D. coolles immedi ately commenced work on destroying the bulldings.
Camp Offer Rejected Alternative accommodation at the Kam Tin refugee camp in the New Territories, was offered to all those who
11 were dispossessed but, at Ja.m.,
offer. few had accepted the Most of the people desire to remain in the urban areas,
Amazing scenes were witnessed.us the P.W.D. coolies commenced to tear down the buildings.
Many of the ejected occupants re- turned to aid in the work of destruc- tion, in order to salvage the wood and tin which had comprised their former homes.
Gramplan Road was piled high with their belongings.
Philosophical
A Telegraph" reporter could sce Ina visible signs of distress among the dispossessed people who, fore- warned a fortnight ago, accepted their situation philosophically.
appalling.
and annitary conditions are
Conditions in the arnali township which Government is razing are pro- bably the filthiest relsning in any WITH THE FINNISH part of the Colony. There is no NORTHERN ARMIES, Feb. 18 (UP).-Finnish military ди- thorities, to-day studied possi bilities of setting fire to the thick forests on the Eastern Frontiering, prepared. to repulse the Red Army.
The Soviet forces, after hurl- ing thousands of men against the Mannerheim Line, attempting to
A MACHINE-GUN CREW in action somewhere in Hong-slice the country in two sections
kong.
Reds Confident Victory Near
MOSCOW, Feb. 18 (Reuter)-A feeling is growing among the public here that the Red Army will over-run Finland within a few weeks.
This confidence is based partly on official communiques,. partly on stories from soldiers return ing from the front, and partly on appreciation of Russia's vast
Framer, American Importer, numerical superiority.
Americon Merchant and American Shipper.
The U. S. Line, which owned the Vessels, will still maintain a minority Interest in them as a share-holder in the Belgian company.
Though the authorities probably share this optimism, they are not vulcing Ht, possibly because earlier predictions were not ful8lled.
Sovicts Claim SuccessCS
SPECIAL TO THE "TELEGRAPH" MOSCOW, 17.
Punishment Fits Crime
Stiff Sentences For Tree Vandals
and to penetrate Finnish de. fences in the north for two months, are in about. the same positions as when they made their first rush across the border early in December. They hold considerably less of Finland than they did four weeks ago.
But the Finns realise that their greatest "ally"-the weather will soon be gone and new methods of defence will have to be ready,
The longer and warmer days of
spring will enable the Russians to
air,
white Finnish attackt day and night, on the ground superiority on skills and with know camoufinge will mean little.
and in the
Cossacks To Fight ?
There are reports that the Soviets plan to put tens of thousands of mounted Cossacks. In the field with spring,
The most discussed plan calls for burning vast stretches of timber on
Among the buildings demolished were one or two factories. In one food for humun consumption was be-
Grampian Rond residents have made several protests at the growth of this new refugee town on the other side of their street.
Rent Ramp Disclosed
Enquiries by a "Telegraph" re- porter this morning tend to indicate that most of the buildings now be- ing demolished were erected by an influential Chinese, who has been charging the tenanta exorbitant rentals for the privilege of living In the tenements in the area. The buildings had all been erected ngricultural land which, the on "Telegraph" understands, was jel by Government to farmers for the no- minal rental of five cents a lot.
SEAFORTHS
IN AFFRAY
Japan To Protest In Shanghai?
SPECIAL TO THE "TELEGRAPH" SHANGHAI, Feb. 18 (UP),
the Eastern Frontier to confront The "Tairiku Shimpo" reports attacking Russians with a great wall that the Japanese Consulate of fire in crucial battles. These dres General is planning to file a would be set only at strategic points
A further batch of wood thieves were charged with theft and posses and at moments when there appeared formal protest with the British sion of wood before Mr. Houston at to be no other defence, because the Consulate regarding the alleged the Central Magistracy this morn Russians could use "feint" manoeuvres disorderly conduct of three Sea- They were arrested in the and let the woods burn until they forth Highlanders in a Japanese
were destroyed.
owned cafeteria last Tuesday.
NO DIFFERENCE Leningrad Command announced that Peak, Shaukiwan and Aberdeen dis-
Naziism And Communism Speak As One
ог
LONDON, Feb. 18 (Reuler)The "Washington Post" on Saturday sald: "Anti-Communism has proved merely a cloak without basic meaning substance. Indeed to-day there is extremely little to distinguish Nazi Germany
and Communist Russin, which are like two peas in a pod. It is no longer Comunamism but Capital ism which the Nazis regard as the real enemy.
tricts.
Sgt. Reddish said he had much
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the Finnish forces in the Karelian
The Rusalan attack will be com- The report said the protest will Isthmus have suffered heavy losses Tang Ping, 33, unemployed, was
months' 10 four
hard plicated by the muddy condition of demand an expression of regret and as the result of the Soviet "general
sentenced offensive to-day.
labour and recommended for banish-roads in the spring and numerous the punishment of "the perpetrators. The of the brawl," together with payment Setting Dre to various villages, ment for the theft of two pine trees swamps which are now frozen. Flanish troops have started retreat valued at $40 from Stubbs Road near thick woods covering the country will of compensation for damages and towards Viborg and the area cast of Mount Nicholson, Another man, Ho be dimcult to penetrate, even in assurances that similac disturbances Viborg. During the offensive, the Ping, 38, unemployed, charged with spring and summer, it was pointed, will not occur in future.
Everywhere, except on the Petsamo The report said the Seaforths vainly Soviet forces have occupied many the theft of one pine tree worth $50, villages in the Summu sector and in was sentenced to three months' hard front in the far north, Soviet losses attempted to settle the incident by western Karelis, two cities on the labour and expelled from the Colony have been tremendous in proportion offering 05 yunn payment to the cafe
to the number of troops they have through the Municipal Police, const and a railway stalion.
as a destitute.
thrown into the battle and the number Soviet troops the Kurlolan front Tang had previous convictions.
It sald that on Tuesday last the of Figns. Police Difficulties
soldiers quarrelled with employees in are now pursuing Finns along the
In the air, the Russians have un-the cafe over "a civil matter" after entire front, the communique claim-
"No striking activity was seen in dimculty in arresting defendants, questioned superiority, but it is not which they attempted to leave the
Soviet aircraft co-owing to look-outs placed by these as great. The Finns attribute this cafe.
vantage points. gradual change to their constantly thieves at various operated with their ground forces and "Germany and Russia now speak bombed the Finnish troops and post- On Saturday, he spent two hours improving aerial defences and the was injured and taken to hospital,
trailing the men before catching arrival of planes and volunteer pilots them. In the area where they were from abroad. Finnish Communique
arrested, eight large pine trees were The spring weather is not expect-ever, there is a short period in the HELSINGFORS, Feb. 18 (Reuter), found cut. After taking defendantsed to make much difference in aerial spring when neither pontoons nox THE HONG KONG & CHINA GAS CO., LTD.
eklis ara feasible because of the slushy -To-day's communique announces to the police station, he went back war.
There are few landing places in that Russian pressure on the Karellan to the spot where some of the trees The Finns plan to mount their flee. Isthmus has weakened between the had been left, but found, they had planes on. pontoons, instead of skils, the north which are big enough for Gulf of Finland and Vuoksen.
Apparently wood- when the snow and ice melts. How-planes with wheels, disappeared. Except for local sichnishes and cutters who had escaped arrest took vigorous air activity, the day passed them away during his absence. calmly,
Mr. Many tonks were destroyed.
as one voice in the realm of ideology,"
Gland Discovery Restores Youth In 24 Hours
Bufferers from loss of vigour, nervo\LE= heal,-weak body, impure blood, falling Ymory, and who sựs old and wOFTYDEL before theię kiesą wizi be delighted tu, čara of a new KƐand disosvery by an AmerióJLIN Docter.
This now discovery makes it possible ta quickly and easily restore vigour to lange and bear, to build rich, pass bloudr Lo strangthan your mind and memory und 1991 like a new man in only 8 days. In fact, this discovery which tea bome medicine in přemenni,, qzxy+to+lake tablet form, doss and begins to bužių new vigour and
wwwwwb gland aper in 24 houts
yas it la abeslutely harmless and natural in action,
The faceran of this ammainir discovery. called Vi-Tabe has bean na grout In Amer= tem that it is now being distributed by all themiate here under a guarentes of com- Įpiele našínfaction or money back. In other worda, VI-TEDE MUER I you teal full of younger, or you inerely return the empty DAŞMANS and get your money back. A spe cial, double-strength bottle of di Vistabe posts bitle and thà
vigour and anetar KWALIOTO to to T
Vi-Tabs grunrantaa protačia
Hestersa. Manhood and· Vially
d
other fronts.
tons.
In the Suvanto district and at Tal- pale, there wes the usual artillery activity.
Strong Points Captured
In
defendants, sentencing Houston remarked that if people like them were allowed to roam freely about the Colony, Hongkong would soon be denuded of trees.
Less heavy penalties were imposed,
On the north-east coast of Laka on the remaining defendants. Many Ladoga, Finnish forces repelled enemy were expelled from the Colony as altacks and captured some strong destitutes. points. They look eight guns, des- Troyed three lanka and about 70 convoy vehicles, and left 570 dend.
In the Kuhmo sector there were skirmishes in which the enemy lost 130 killed.
NAZI REQUEST REJECTED
Air Raid Slaughter
SPECIAL TO THE "TELEGRAPH" HELSINGFORS, Feb, 10 (Reuler),
BOGOTA, Feb. 18 (UP), The --Forty were killed in a Soviet rald Government of Colombia has, refused on one Finnish town on Saturday,
a German application for permission to send thirty German gallora to Colombin to replace Chinese members of the crow of the sleamer Mengo LONDON, Feb. 18 (Reuter)The land. costermonger comedian, Gus Elen, has The Chinese refused to sali in the died, aged 77.
German vessel.
A fight ensued in which one soldier
HERE'S A NEW SORT
OF CHAIN LETTER
SPECIAL TO THE "TELEGRAPH" ́
NEW YORK, Feb. 19. (UP),—Maybe this story lmn't sumpleloas bul- 1.It started with a radlo 8.0.8 from the Japanese fishing trawler Kyushin Mara;
the Fakochl -2-A wireless message from another fishing vomsel, Maru, relayed the story to
Tokyo, which promptly put it on the wires to- 4-Berlin. So Berlin decided it was good propaganda and announced it over the radio from Zeesen.
B-New York heard the story by radio and pat it on the Far Eastern wires again.
And this is the story Zecsen told:
"The Japanese fishing vessel Kyushin Mara, with a crew of 60 people, was stopped last Tuesday morning by a warship of unknown nationally and was boarded near the Philippine Islands.
"Nothing has since been heard of the Kyushin Maru.” FOOTNOTE: No Tokyo newspapers or news agencies carry the
story.
"
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HUNGARIAN SHIP
IN TROUBLE
SPECIAL TO THE "TELEGRAPH”. TOKYO, Feb. 18 (Domel)The Hungarian freighter 8,000-toxi
10 years of age was fatally injured Nyugi, of the Neptune Navigation when he was knocked down bri Company, weighed anchor off the
Frost bus in Queen's Rond
Hachijo Her village of Suveyoshi in Wellington Barracks yesterday.
laland on February 11, disregarding Another Chinese, Chiu Ping-chuen, police directions to wait for an in- was injured in an accident in Kow-vestigation.
down loon. He was knocked
In'
The ship appeared in the harbour Castle Peak Road by a car, drivan of Milke in northern Kyushu on by Mr. Anatole Konoraky, residing Thursday, evening anyt
in the Peninsula Hotel.
Charged with violation of port Chiu was taken to Kowloon Hon regulations, the ship will be subject pital with head injuries.
lo police Inquiries, it was ennounced.