COTTON CONTROL IN BRITAIN Service Needs Ensured
LONDON, Feb. 26 (Reuter), -A warning of coming sacrificen as the result of the reduction by half of raw colton imports this season was contained in a slate- ment by the cotton controller, Sir Percy Ashley, in Manchester.
Sir Percy said: "Fortunuicly, the stocks have been maintained but substantial cut in the use of colton is undvoldable. The main concern now is to ensure that supplies are closely adjusted to the requirements the in- dustry is enlled on to meet in the de- mands of the services, other essential; demands and the export trade."
Distribution of Stock
The distribution of limited supplies of raw cotton to the spinning iniils and the allocation of supplies for gov ernment requirements, export trade and other purposes are the chief pro- blems now facing the ndustry, added Sir Percy.
Discussion, is already taking place| with trade rèpresentives. An early decision is expected.
Support For War Fund
A total of $1,500.202.10 wat reached yesterday by the War Fund inaugurated
Thursday,
HONGKONG, TELEGRAPH
February 27, 1941.
Library, Suprende Cook
Exchange At Anglo-Spanish Accord Graziani On Status of Tangier
A Glance
BELLING
T.T. London' Demand London
T.T. Shanglial
T.. Singapore
ייד
T.T. Jupon
.T.T.
India USA Manila
T.T. Batavia TT. Bangkok T.T, Saigon
TT. France ... TT, Switzerland T.T. Australla..
BUYING
4 m/s L/C London 4 m/s D/P London 4 m/s L/C U.S.A.·
4 m/s Franco
30 d/s India ...
82
..24
48
45. 140%
104
.102 1/61
1/3/ 1/3 ..24%
..:841/4
U.S. Cross rale in London 4.02% U.S. Cross rate in N.Y...4.03
Taranto Raid
Damage Fully Confirmed
LONDON, Feb. 26 (Reuter).—The Spanish Government has given an assurance that there will be no fortification of the Tan- gler Zone.
This declaration was made In the House of Commons to-day by Mr R. A. Butler, Under-Secretary for Foreign Affairs, when answering questions on the Tangler position.
The British Ambassador in Madrid,j Mr Butler continued, had now con- cluded discussions with the Spanish, Govertiment. The arrangementa rea- ched safeguarded the existing per- sonal rights of British subjects In Tangler and guaranteed the tinued functioning of existing British institutions und of the British
con-
British officials of the Intern Pre
Administration who had been dis- placed would be fully and generously compor their loss of offico.
A
economic and financial
régime
would be applied in Tangier generally, similar to that which exist
ed nt present.
No Fortification Declaring that the Spanish Govern- ment had given an assurance that there would be no fortification of the zone, Mr Butler intimated that it was ulso agreed that if at any time the Mixed Tribunal should cease to func- son, the Consular Court would be re-established and
and fully recognised, added, the rangements, Mr Butler present reonomile and legal rights of British subjects in Tangier safeguarded should be adequately pending a final settlement,
By, these
WEATHER IMPEDES FIGHTING
On Albanian Front
LONDON, Feb. 26 (Reuter), Snowstorms and heavy rains still continue to impede opera- tions on a wide scale in Albania, according to dispatches from the front quoted by the Athens radio.
Now A Prisoner
Bald Impeachment Of Mussolini
London; Feb. 20. Marshal Graziani is a prisoner in Rome, according to the Daily Telegraph's Lisbon correspondent, who states that the news cume from a diplomatle source in Rome. Since January he has been under house arrest with his presence in the capital a close secret.
After the fall of Bardia on January 5 Graziant flew to Rome to attend a meeting of the Supreme War Coun- cil, presided over by 11 Duce. In a long, dramatic speech he disclaimed responsibility for the Italian defents up to that time and foretold the course of the campaign almost exactly his self-defence by turning to Il Duce as It came to pass. Graziani closed and formally resigning from the Fascist Party. Henceforth, he said, ho could serve his country only as
professional soldier. Musolini's reply was to order The Greeks, however, main- [Graziani to remain in Rome. The tain the initiative in minor en-Marshal, laid on the council table the
actual orders Mussolini had sent him gagements and patrol activity, for the conduct of the African cam- and some prisoners belonging to Alpine units have been captured, paign. These showed that it was the
The Italians have taken no initia- tive either on land or sea,
British and Greek aircraft have been very active in the battle zone. Italians Stimulated
LONDON, Feb. 20 (Reuter). The damage done to the Italian Ficet by the British Fleet Air Arm at Taranto as announced by the Admiralty has been fully confirmed by subsequent reports. Me A. V. Alexander, First Lord
revealed when 1 of the Admin dart in the Spanish Government in the Tangier systematically fire on their own ad- had completely destroved all means questioned the subject fause of Commons to-day.
Mr Alexander disclosed
apparently
Puce himself who planned the inva- sion of Egypt.
Duce Soorns Advice Graziani then read coples of his repiles in which he opposed in Special Interests
entire strategy strongest terms the The British Government had re-
It is stated that Italian officers cap-conceived by Mussolini. He pointed cognised the special interest of the
tured confirm hat the Blackshirts out that the retiring British forces
Zone and also that it was not possible
Merna Matrul and that water sup- the relevant international instruments
The Athens. radio also stated that pics had particularly suffered. Under In the order of the day of the General such conditions he sold, he could not Another vessel of this class and
Thus the British
could he (1 Vittoria class battleship were badly
their protest against the Army contained the following: "We an invading army, nor damaged and ware sull out of action.
original oction of the Spanish Gov-
bases for mechanised units. Finally, There was no further Information re-ernment and had reserved their rights must attack and not merely counter-assure petrol from the distant Libyan garding the two cruisers which were under the treaties in force.
he stressed the grave risk of com- Artillery Taken by nerlul photograph to be Shown
The Spanish Government had simi-
munications being cut and the ormy listing to starboard and surrounded larly reserved their position.
encircled. theby oil fuel, or the two big auxiliary
by the S. C. M. Post, Lid., with the fol battleship of the Cavour that one at the moment for the signatories of vanced infantry in order to prevent [of supply between Ski Barrand and .
lowing donations:
"Hold in One" ..
Police Recreation Club
$50
(seventh
Joss.
GO
3.50
"The Mad Hatters Club" A Chinese Firm, members of the Hongkong General Chamber of Commerce........ 5,000 Northumberland and Durham Asso- elation in memory of the lote Mr Hedley) ...........
10 PRISONERS OF WAR
The S. C. M. Port has received
elasa had
their retreating.
been abandoned as a total to enter into negovernment main in command of the Italian Eleventh accept responsibility for provisioning
following donation to the Relief Fund for ships lying with their sterns under British
Thoners of War:
Dan. (monthly) $10.
ST VINCENT DE PAUL The Society of St Vincent de Paul acknowledge receipt of the Following donation in memory of the late Mr L A. Rozarto:
Mr. Piana,
water.
Kunming Raided
SPECIAL TO THE "TELEGRAPH" INDO-CHINA. BASE, Feb 27
tained
RUMANIAN
TRADE TREATY
-With Soviet wo. F.
LONDON, Feb. 26 (Reuter) The S. C. M. Post las received the following donation to the British War (Domei).-Formations of Japanese Negotiations for a commercial treaty Organisation Fund:
nuvat alreraft on Wednesday after- between Russia and Rumania, pro- "Two Majors, $5.
DONATIONS WAITING
noon carried out air attacks on Kun-eceding during the past year, ended. Donations for the following Organisa-ming, capital of Yunnan Province, te-day with the signing of a trade tonk wall collection at the office of the inflicting heavy damage upon various and shipping agreement and an S. C. M. Pust: Hongkong Benevolenti military objectives, announces the agreement concerning goods and pay- Society: .W.O.F.; Emergency Refugee Japanese South China Flect Com-inents, according to a Moscow cle Cauneli Lepers* Fund; Food Kitchen Appen Fund; Relief Fund for British mund, Prisoners of War: St Vincent de Paul; S.P.C.A.; Salvation Army.
Swedish Budget
STOCKHOLM, Feb, 20 (Router), The Swedish-Parliament has adopted a supplementary budget amounting to 93 million kroner för defence.
It provides for the purchase of artillery and aircraft, the reconstruc- tion of certain warships and the building of barracks and other needs.
The Japanese ralders made con- centrated attacks on Chinese ware- houses in the western section of the Yunnan capital and set them on fire, while other units bombed military establishments in the suburbs of the
city.
Despite intensive enemy anti-nir- craft fre, all Japanese planes safely returned, the announcement claimed.
Graziani Latest
SPECIAL TO THE "TELEGRAPH" VICHY, Feb. 28 (UP)—An uncon-
Gen. De Gaulle Greets armed repert says that the personal French Canadians baggage of Marshal Rudolfo Graziani
has arrived at Tunis from Tripoll.
German Report
*d
French Canadh Movement, to 100
<live
agency.
to the official German news
Exchange of goods to the value of $0,000,000 is foreseen In the firul treaty.
Rumania will
chiefly deliver uphilia and mineral oils in exchange for cotton and manganese.
Turkish Envoy
attack."
ATHENS, Feb. 26 (Reuter). Material captured from the Italians to date Includes 130 field guns, over 100 heavy guns, 1,500 mortars, a very large quantity of cartridges and hand grenades.
This announced by the official news agency, which adds that much of this material is now being used against the Italians.
Il Duce was confronted at the Council with his replies to these dis- all Graziani's arguments and com- patches. In the he had swept aside manded him to advance.
The Marshal declared that he had never modifed his opposition to this strategy and had only continued
in command at 11 Duce's
It has already been uniiounced that | Reuter. Italian prisoners number over 20,000.
Australia's Big War Industries
LONDON, Feb. 26 (Router). -The devastation in Britain was much less than the world. was led to believe, said Mr R. G. Menzies, the Australian Premier,
In Chungking speaking in London to-day.
The Germans would never win the Visiting Shanghai Briefly war by knocking over houses, he CHUNGKING, Feb. 26 (Central) added. They could not win till they News) Since his arrival here on had knocked over the spirit of the February 10, Mr Eniin Ali Sipahi, British people. Turkish Minister to China, has called The
Empire
LONDON, Feb.
(Reuter)- "Despite its sufferings, the French
was merely at the be- on Dr H. H. Kung, Vice-President of ginning of the lask facing it but Mr Empire will again take up arms,"
of Menzies expressed satisfaction at the declared General de Gaulle, Leader)
the Executive Yuan, and Minister of
·SPECIAL TO THE "TELEGRAPH"
Dr Wang Chung-hul,
war effort. Over 400,000 of the Free
BERLIN, Feb. 28 (UP)-The off-France,
Australian whose guest einl news agency announced to-day Minister of Foreign Affairs, General people were producing munitions and officers
German bombers and that
Pai Chung-hsi, Vice-Chief of General there would be nearly 600,000 before Staff. Mr. Chang Kia-ngau, Minister the end of the year. of Communications, and Dr Wonj
Minister Wen-hao,
al Economic Affairs. He will also sce issimo Chinnig Kai-shek.
The Turkish envoy will take a trip Shanghal but will return 10 Chungking shortly.
at dinner he was to-day.
The defent of Just year was due to bombers, escorted by German and bad
in the face of new Italian fighters, this afternoon bomb preparation methods of warfare and was no dis-led the Luca aerodrome at Malta, se
ce that France did not accepting fire Immediately to 'ten British
which planes were on the ground. ships
wis
and
bhown by French troop
continuing the fight.
A French-Canadian Brigadier sald SINGAPORE, Feb. 26 (Reuter)~-~-~- that the ancestors of the officers pre-A total of $5,000,000 (Siralis) was sent went to Canadis centuries ago to-day reached by the publicly- and had never forgotton La Belle subscribed Straits Settlements War France. "We will remain united Ul Fund for the purchase of bombers
for the R.A.F. victory."
HỒNG KÔNG HOTEL
MAC'S CAFE
MEET AND EAT HERE
The Business Man's Favourite Rendezvous
TABLE D'HOTE TIFFINS $1.75 GRILL SPECIALITIES A LA CARTE
SNACK COUNTER & BAR
Quick Snacks and Refreshments
ON SALE AT MAC'S COUNTER Finest Assortment of Home-Made Pastries & Cakes. Chocolates in fancy boxes. ORDERS TAKEN for Wedding CAKES AND CAKES FOR EVERY OCCASION
HONG KONG HOTEL
the hong konG & SHANGHAI HOTELS, LTD.
to
General-
Machine Tools
Seventy-five firms were making machine tools compared with five at the outbreak of war. Aircraft
pro- duction was so successful that Aus- tralia proposed to export elementary trafning machines to other Dominions by the middle of the year. Australia TEA QUOTA DOWN
was also
other types. producing LONDON, Feb. 26 (Reuter).—The The achievements in the next International Tea Committee has re-twelve months would be three times duced the quota by 2% per cent, to that of the past year. Australia's 00 per cent for the next control contribution to victory would be at year ending March 31, 1942,
Its peak when most needed.
Roosevelt Called Third Best Speaker
President Roosevelt is rated ng the third best American public speaker in the past century. Abraham Lincoln ranked fourth on a list prepared by Prof. K. G. Hance, of the University of Michigan, an authority on oratory and one of the speakers at the recent convention in Washington of the National Association of Teachers of Speech:
Dr Hance gave top honours to coin ever reached. But he was given Henry Ward Beecher, writer, credit for adapting himself to the orator and clergyman, whom he microphone--getting a "radio por
sonality. called the most effective speaker Mr Lincoln won points for puiting of the century. He cited the his lawyer's skill to work in the Lin- five speeches Dr Beecher made in coin-Douglas debates. England in 1863 which, he saideridge, who was Senator from In- Fifth place went to Albert Boy- were responsible for turning Bridiana and the "spearhead of the Re- tish sympathy away from the publican campaigns of 1898, 1900, Confederacy.
1962, 1904, 1000 and 1908," ДА Dr Second place went to William Hance described him. Jennings Bryan, as the "unknown"
Others Selected who captured the Democratle Pres- Dr Hanco selected these as the idential nomination in 1800 with his eight other leading American spen- now celebrated "Cross of Gold" ad- kers of the century, although not dress.
ranking them in order:
The President was given third pince, the Professor said, "despite the fact ghost writers probably enter in- to preparation of certain speeches."
Roosevelt And Radio
order.--
H.K. Stock Market
The
following quotations were Issued on the Hongkong Stock Mar- ket this morning.
BANKS
I.K. Banks & xd.
H.K. Banks £x, d.
1,300 s. ..73 n.
HK. Banks (HK) £ x. d.
.70 n.
Chartered £
.7%,n.
Mercantile, A. & B. £.
.23 n.
Mercantile, C. £
111% 11.
70 b.
.215 b.
East Asin $.
INSURANCES
Cantons $. Union $.. China Underwriters HK. Fire. S.
SHIPPING
Douglas $, Steamboots $.... Indo-Chinas P. $. Indo-Chinas D. $.
Shell (Bearers) &/- Waterboats 5.
DOCKS ETC. Wharves $.. Docks (old) $. Docks (new Providents $.. S'hal Dockyards $.
MINING
Kailan 8/- Raubs $. H.K. Mines
Hotel $.
Lands $ x. d.
.412 b.
.1.n.
170 b.
135
.00 n. 41/10 n. .7 m.
.96 s.
17.80 n. .17 n.
534 b. & SD.
.28
n.
17/-n. .8 n.
1% cts. n.
LANDS
Lands 1% Debentures S'hai Lands Sh. $. Humphreys $..
ILK, Realties $..
FATSTORMEAL
ET APPOINENTNÝ
Henny Heath
105-109, OXFORD STREET, W, I
MACKINTOSH'S LTD.
DRINK
HENRY HEATH AGENTS
EWO PILSNER
PEPSODENT
TOOTH POWDER
CONTAIN
IRIUM
At the
Gloucester Hotel
PEPSODENT
TOOTH PASTE
FOR GREATER CLEANSING POWER
Swan, Culbertson & Fritz
Investment Bankers and Brokers
+
Members of New York Cotton Exchange
Chicago Beard of Trade
Manila Stock Exchange
.3.00 $
.32. .8714.
Winniper Grain Exchange
Commodity Exchange, Inc., New York
Canadian Commodity Exchange, Inc., Montreal
New York Coffee and Sugar Exchange
Hongkong Sharcbrokers Association
Shanghai Stock Exchange
SHANGHAI, HONGKONG, MANILA and BUENOS AIRES
Zable Address:
SWANSTOCK
.12.20 n.
.7.05 B.
.3.40 s.
Chinese Estates $ x.d. UTILITIES
.03 n.
Troms 5 x.d.
164 s.
Peaks Trams (old) $. Pealt Trams (new) $.
Star Ferries $..
.7% n.
.3% 1.
Ferries
,24% n.
Lights
6.13
.13 sa.
.1.07% 21.
.41% 50.
.41.40 so.
.12 n.
24 50.
.9.90 n.
30 m.
China
China
tolds Lights (new)
H.K. Electrics (old) $.. H.K. Electrics (now) $. Sandakan Lights $. Telephones (old) S. Telephones (new) $.
INDUSTRIALS
Cald: Macg. (Ord.), Sh. $. Cald: Mocg. (Pref.), Sh. $..25 n Canton Ices $. Cements $...! H.K. Rupes $..
STORES, &c.
Dairy Farms Watsons $. Lane Crawfords $.. Sinceres $. Wing On (H.K.) Powell Lid. $.
COTTON MILLS Ewa Sh. $.. S'hal. Cotton Sh. $.
MISC.
- ༥
H.K. Govt 4%
.17 n. .8% n.
19.20 n.
1033-90.
.71⁄2 n
2.16 n.
.30 Tk.
.1.00 .
42% n.
1.200 n.
.07
05 n.
.04 n.
42. n.
. n. .40 n.
H.K. Govt 34% (1934) H.K. Govt 3% (1940) Ch Govt. 5% 1025 G$Bds, H.K. Entertainments $. Constructions (old) $ Constructions (new) $. Vibro Piling $. Maramane Inv, (Lon,) s/..0/3 n. Marsmans Inv. (ILIC) »/- (2/0 m.
7.70 n.
Australian Shipping
Chauncey Depew, greatest toast
low. corporation yer and "America's master," Henry W. Grady, one-time editor of the Atlanta Constitution; Robert Ingersoll; Wendell Phillips, Lyceum lecturer; Woodrow Wilson In evaluating speakers, Dr Hance for His scholarly stric of address, explained that he wälghed the powerful in world affairs; Theedore effectiveness of orators in using the Roosevelt; Phillips Brooks, Episcopal situations at their disposal. Thus preacher of Pilladelphia and Boston, Mr Roosevelt got no credit for the and Robert La Follette, Sr., Senator fact that radio brought his words to and speaker for the militant Progresin immediately on the building of millions of more ears than Mr. Lin- sive movement.
SYDNEY,
Feb.
20 (Reuler), Senator A.P. McBride, the Australian Minister of Supply, announced to-day libt the Federal Government will be-
merchant ships.
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GARMTHT FLEAT
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The system that provides QUALITY AIR CONDITION DRÝCLEANING for all types of Clothing and Household Accessorios CARPET SHAMPOOING UNDERTAKEN PREPARATORY TO STORING
THE STEAM LAUNDRY CO. Head Office & Works 57032 lucester Bldg., 2nd Fit., Tel. 28988 Hong Kong Depot, Kowloon Depot,
Tel. 58545 Peak Depot,
Tal. 21219 Tel. 29325