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 realdents in 60 speci-| fied securities markotable in New York.
Holders will be
re-imbursed in sterling at the current New York price of currency and the official ex- change rate plus accrued interest to March 4.
It is recalled that
arrangements
were made on the outbreak of war for registration with the Bank of England of all United Kingdom hold- ings of United States securities, and
at vesting the present slep alms certain number of these securities in the British Treasury..
Not To Forca Salos
11
The reason for this is to ensure that realization of these securities in the American market is orderly, and that the
total volume of such sales fram
the United Kingdom, vested and non- should continue over a
Invested, phot
of time at about the averago
period of 10
of
recent months.
In addition to the present 00 securi-
ties, further vesting orders may be
issued from time to time,
"Reuter" learns that there
desire to force sales.
no
The 1st represents preliminary
mobilisation of certain
with an active murket.
pecurities
In no cure do the securities re- quisitioned form a big proportion of the total outstanding securities of the companies concerned.
Precautionary Step
It is believed that the recent un- certainty has been worse for the United States market than the know- ledge now given that the British Treasury has a definite long range plan,
Only a small proportion at the total securities 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 Weakon Market
If private sales continue at the re- cent volume, there may be no need for official sales, though doubtless the opportunities of profitable marketing 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 so as to weaken the market.
7.
America Sells
Idle Ships
SPECIAL TO THE "TELEGRAPH" NEW YORK, Feb. 18 (UP).--The
sale of eight idic trans-Atlantic ships
Monday,
HONGKONG TELEGRAPH
HONGKONG PREPARES:
Below we publ further pho. graphs of a n
Bories, specially taken by Norman Soong, of Hongkong's defence preparations.
photographs will appoar dally in the "Tolograph”.
Th
AN ANTI-AIRCRAFT G UN 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 PACSS" STAFF
CORRESPONDENT)
February 19, 1940.
CLEARING OUT THE
SQUATTERS
Urban Council Acts Scotts and
Swiftly In K'loon
AS FORECAST by the "TeleHenry Heath
graph" on Saturday, the Urban
Council has acted swiftly in its
campaign against squatters, fol- HATS for MEN
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 Grampian Road und Lion Hill Road, Urban Council ofcers, assisted by Police, took possession of several hundred build- Ings this morning.
About four thousand people were evicted during the course of the morning and P.W.D. coolies immeði- alcly commenced work en' dextroying the buildings.
Camp Offer Rejected Alternative accommodation at the Kam Tin refugee camp in the New |Territories was offered to all those who were dispossessed but, at 11 a.m., few had accepted the offer. Most of the people desire to remain in the urban areas.
Amazing scenes were witnessed as the P.W.D. coolics commenced to tear down the buildings.
Many of the ejected occupants re- turned to aid in the work of destruc- lon, in order to salvage the wood and tin which had comprised their former homes.
Grampian Road was piled high with their belongings.
Philosophical
A "Telegraph" reporter could see no visible signs of distress among the dispossessed people who, fore warned a fortnight ngo, nccepted their Isituation philosophically,
Conditions in the small township which Government is razing are pro- bably the thiest reigning in any part of the Colony. There is no sewage and sanitary conditions are appalling.
WITH THE FINNISH NORTHERN ARMIES, Feb. 18 [(UP).—Finnish military au-
Among the buildings demolished thorities, to-day studied possi were one or two factories. In one bilities of setting fire to the thick food for human consumption was be- forests on the Eastern Frontiering prepared.
to repulse the Red Army.
Grampian Road residents have made several protests at the growth
side of their street.
The Soviet forces, after hurl-o this new refuger town on the other ing thousands of men against the Mannerheim Line, attempting to
A MACHINE-GUN CREW in action somewhere in Hong- alice the country in two sections
kong.
Confident Reds
Victory Near
MOSCOW, Feb. 18 (Reuter).—A feeling is growing among the public here that the Red Army will over-run 16-the-Socle:c. Marlume Anveroise. Finland within a few weeks. of Antwerp, has been announced by This confidence is based partly The sale price is reported to be on oficial communiques, partly US$4,000,000.
on stories from soldiers return-
the American owners.
The vessels Include the Presidenting from the front, and partly Harding, American Trader, American Traveller, American Banker, Ameri- on appreciation of Russia's vast
American Importer, numerical superiority. can Framer, American 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 Belglati company.
Naziism And Communism Speak As One
Though the authorities probably share this optimism, they are not voicing It, possibly because earlier predictions were not fulfilled.
Soviets Claim Successes
SPECIAL TO THE "TELEGRAPH"
Punishment Fits Crime
Stiff Sentences For Tree, Vandals
und to penetrate Finnish de- fences in the north for two months, are in about the same positions as when they made their frat 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 attack day and night,"
the ground jund In the air, while Finnish
superiority on skils and with know! camouflage will mean-little-
Cossacks To Fight ?
There are reports that the Soviets plan to put fens of thousands of mounted Cossncks in the field with fspring.
The most discussed plan calls for burning vast stretches of timber on
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 tenants exorbitant rentals for the privilege of living in the tenements in the area. The buildings had all been erected agricultural, land which, the "Telegraph" understands, was let by Government to farmers for the no- minal rental of five cents a lot.
an
SEAFORTHS
IN AFFRAY Japan To Protest In Shanghai?
SPECIAL TO THE "TELEQRAPH"' SHANGHAI, Feb. 18 (UP).-----
the Eastern Frontier to confront The "Tairiku Shimpo" reports attacking Russians with a great wall that the Japanese Consulato of fire in crucial battles. These Ares General is planning to file a would be cet only, at strategic points
مم
7
How difficult it can be to choose a soft hat that exactly suits you!
At Mackintosh's, whether you are still youthfully stylish or already stately, a hat can be had in a shape that is immediately, immaculately, right for you. $19.50, $21.00, $27.50, $32.50 All Less 10%.Cash Discount
·
MACKINTOSH'S LTD.
Don't take
'care" take
TEL. 23201.
MEN'S WEAR
SPECIALISTS
A Word
of Advice
SIMPLE, SAFE AND CONVENIENT
COOK'S TRAVELLERS CHEQUES
QUEEN'S BUILDING.
Fireside
Comfort
Cosy-but never stuffy
A further batch of wood thieves sion of wood before Mr. Houston at to be no other defence, because the Consulate regarding the alleged were charged with theft and posses and at moments when there appeared formal protest with the British the Central Magistracy this morn-Russians could use "feini" manoeuvres disorderly conduct of three Sca- MOSCOW, Feb. 17. (Domel).-The Ing. They were arrested in the and let the woods burn until they forth Highlanders in a Japanese NO DIFFERENCE Leningrad Command announced that Peak, Shaukiwan and Aberdeen dis were destroyed.
owned cafeteria last Tuesday. the Finnish forces in the Karelian tricts.
The Russian attack will be com- The report said the protest will Isthmus have suffered heavy losses Tang Fing, 33, unemployed, was
months hard pileated by the muddy condition of demand an expression of regret and as the result of the Soviet general sentenced to four offensive to-day,
labour and recommended for banish-roads in the spring and numerous the punishment of "the perpetrators Setting fire to varlous villages, ment for the theft of two pine trees swamps which are now frozen. The of the brawi," together with payment Finnish troops have started retreat valued at $40 from Stubbs Road near thick woods covering the country will of compensation for damages and disturbances towards Viborg and the area east of Mount Nicholson. Another man, Ho be difficult to penetrate, even in assurances that similar LONDON, Feb. 18 (Reuter)The 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 Seaforthe vainly "Washington Post" on Saturday said: Soviet forces have occupied many the theft of one pine tree worth $50, "Anti-Communism has proved merely villages in the Summa scetor and in was sentenced to three months hard front in the far north, Soviet losses attempted to settle the incident by a cionk without basic meaning or western Karelia, two cities on the labour and expelled from the Colony have been tremendous in proportion offering 95 yuon payment to the cafe
const and a railway station.
to the number of troops they have through the Municipal Police, substance. Indeed to-day there is
as a destitute.
thrown into the battle and the number Soviet troops on the Kartelan front
Tang had previous convictions.
It said that on Tuesday last the extremely little to distinguish Nazi
of Finna. Germany
and Communist Russia, are now pursuing Finns along the
Police Difficultios
soldiers quarrelled with employees in which are like two peas in a pod. It entire front, the communique clolm-
Sgt. Reddish said he had much
In the air, the Russians have un-the cafe over "a civil matter" after is no longer Communism but Capital-ed ism which the Nazis regard as the other fronts.
No striking activity was seen in difficulty 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. real enemy.
vantage points. gradual change to their constantly A fight ensued in which one soldier operated with their ground forces and thieves at various "Germany and Russia now speaks bombed the Finnish troops and post- On Saturday, he spent two hours Improving aerial defences and the was injured and taken to hospital.
before catching arrival of planes and volunteer pilots as one voice in the realm of ideology."
trailing the men 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 defendants ed to make much difference in aerial spring when neither pontoons nor THE To-day's communique
akiis äro feasible because of the slushy onnounces to the police station, he went back wor that Russian pressure on the Karelian to the spot where some of the treas The Finns plan to mount their ice. There are few landing places in Isthmus has weakened between the had been left, but found they had planes on pontoons, Instead of aliis, the north which are big enough for Gulf of Finland and Vuoksen.
disappeared. Apparently wood when the snow and ice melts. How-planes with wheels, Except for local skirmishes and cutters who had escaped arrest took vigorous air activity, the day passed them away during his absence. calmly.
In sentencing defendants, Mr. Many tank were destroyed.
Houston remariced that it people like
Gland Discovery
Restores Youth
In 24 Hours
100 GLIOM
Sufferers from loss of vigour, nervous- men, wank body, impure blood, falling memory, and who are old and w before their time will be delighted to forn of a new gland dissevezy by an American Doctor,
"This new discovery makes it possible to quickly and easily restore vigour to your lande and body, ta butia rich, pure blood, to strengthen your mind and memory And taşi like a new man in only 3 days. In fact, this discovery which is a home medicine ( pleasant, Gary-to«tak@ CADTAK FOFIT, đoss build with gland operations and begins to AWAY
vigour and anergy in 24 hours, yet it is abolitaty harmless and naturai in action.
The succses of this amading discovery. called V-Taps has been so grest in Amer. tea that it is now being disiríbuted by sil chemists are under Rosa Cor plate malisfaction or money.
nother worda, Vi-Tanu manet make you fari fuli of vigour and hater and from 20 to 29 years Founger, or you merely return the empty DRONEET and get your money, bask, A EDI- til double sirengih bottle of LE VISTADE
· costs littls and the
Vi-Tabs gemeenten, protects Restores Manherd and Tiečky.
tions.
In the Suvanto district and at Tal-them were allowed to roam freely pale, there was the usual artillery about the Colony, Hongkong would activity.
Strong Points Captured
soon be denuded of trees.
Less heavy penalties were imposed
On the north-east const of Lake on the remaining defendants. Many Ladoga, Finnish forces repelled enemy were expelled from the Colony as attacks and captured some strong destitutes. points. They took eight guns, des- troyed three tanks and about 70 convoy vehicles, and left 570 dead.
In the Kuhmo sector there were skirmislics in which the enemy lost) 130 killed.
Air Raid Slaughter HELSINGFORS, Feb. 18. (Reuter). Forty were killed in a Soviet raid on one Finnish town on Saturday,
NAZI REQUEST REJECTED
SPECIAL TO THE "TELEGRAPH" BOGOTA, Feb. 10 (UP)-The Government of Colomblu has refused a German application for permission to send thirly German sailors to Colombia to repince Chinese members of the crew of the steamer Mengo The Chinese refused to sall in the German vessel,
'LONDON, Feb. 18 (Reuter) The land. costermonger comedian, Gus Elen, has died, aged 77.
HERE'S A NEW SORT
OF CHAIN LETTER
SPECIAL TO The “telegrapḤ”?
NEW YORK, Feb. 19 (UP) ---Maybe this story isn't suspicious buf- 1-It started with a radio 8.0.9 from the Japanese fishing trawler Kyushin Marsız
2 wireless message from another fishing vessel, the Fukochi Maru, relayed the story to-
It
3- Tokyo, which promptly put it on the wires to
*-—-—-Berlin. 80 Berlin decided it was good propaganda and announced over the radio from Zeesen,
New York heard the story by radio and put it on the Far Eastern
wires again.
And this is the story Zeesen told:
"The Japanese flaliing vessel Kyushin Maru, with a crew of 00 people, was stopped last Tuesday morning by a warship of unknown nationality and was boarded near the Philippine Islanda. "Nolling has since been heard of the Kynshin Maru.” FOOTNOTE: No Tokyo newspapers or nown agenotes carry the
story.
The greatest advantage of the modern gas fire is that its heat is always under perfect control. You can have a small fire, a medium fire, a big chearful blaze-just as you like, and all in the twinkling of an eye. And as it warms the gas fire ventilates-helps to keep Why the atmosphere pleasant and fresh. not a gas fire for your home?
Ask about our Special HIRE TERMS
HONG KONG & CHINA GAS CO., LTD.
CENTRAL SHOWROOM:
KOWLOON SHOWROOM:
BUS KILLS BOY
An unknown Chinese boy of about
GLOUCESTER · BUILDING Phone 24704 246, NATHAN ROAD Phone 57341
HUNGARIAN SHIP
IN TROUBLE
SPECIAL TO. THE "TELEGRAPHIC TOKYO, Feb. 18 (Domel)Tho 8,000-lon Hungarian freighter 10 years of age was fatally injured Nyugat, of the Neptune Navigation when he was knocked down by a Company, weighed anchor off the bus in Queen's Road Enst near Wellington Barracks yesterday.
village of Suyeyoshi in Hachijo Island on February 11, disregarding Another Chinese, Chiu Pirig-chuen, police directions to wait for an In was injured in an accident in Kow-vestigation. loon, He was knocked down in, Coalle Peak Road by a car, driven The ship appeared in the harbour by Mr. Anatole Konorsicy, residing of Milke in northern Kyushu on In the Peninsula Hotel..'
·Thursday evening.
Page: Charged with á violation of port
- Chiu' was taken to Kowloon Hos regulations, the ship will be subject pital with head injuries.
to police inquiries, It was announced.