Wednesday,
HONGKONG TELEGRAPH
July 23, 1941.
Exchange Of New $425,000,000 Loan Form Of U.S.
Badly Hurt Prisoners
LONDON, July 22 (Reuter).- Asked in the House of Commons to- day for an account of the progress of negotiations with enemy Powers for the exchange of badly-wounded Unter-Secretary for Bichard Law,
suld that proposals for repatriation by means of hospital or other sultable ships were made by the British Government last year but were not
German Recepted by the
Govern-
ineni.
A counter proposal for repatriation from neutral countries by ambulance alrcraft_bad, however, recently been received from Berlin.
While for practies) reasons the British Government had been unable to accept it in the form in which it was made, they had made an after native anggestion which they hoped would be acceptablo to the "Gerinan Government.
Neutrals Approached Meanwhile the governments of those neutral countries with whose co-operation It was hoped that the scheme would be put Into effect were being approached.
Negollations with italy were not necessarily so far advanced as in the case of Germany In view of the fact that no large numbers of prisoners were in question unt) this year.
Medical Commissions, aided Mr Law, should soon be functioning in Italy, Middle East and India with a view to selecting those entitled to repatriation,
Meanwhite,
which means by repatriation would be effected were under discussion.
To Britain is Announced
Special to the "Telegraph"
WASHINGTON, July 22 (UP).--The Reconstruction Finance Corporation to-day announced its approval of a $125,000,000 loan to Britain to pay for wat supplies contracted for, prior to the enactment of the lend and lease bill.
The Administrator, Mr Jesse Jones, stated that President, Roosevelt had approved the plan. of a loan to provide Britain with dollars for exchange without the necessity of disposing of their securities at a forced sale,
He said that the interest would be 3 per cent. annually to mature in 15 years, with im extension of another five years if two-thirds of the prin elpot is paid on the original maturity date.
"The British will pledge collateral cf over $700,000,000 tricl it estimated that the interest dividends: on the calinteral will amortize the loan in about 15 years. Meanwhile, turds will be available to Britain as needed to meet commitments at about $100,000,000 monthly,
Assistance to us." He asserted that the Government had considered the execution of the agreement as a
matter of energency.
11
Travel In China To-day By Road, Rail, Sea & Air
China has still access to the world by dozens of routes according to the opinion of an expert, Mr Tang Wei-pin, Vice- Director of the China Travel Service, who gave a talic on the subject at the Chinese Y.M.C.A., Kowloon, during the week-end, states “Central News."
#
Referring to communications in China since the war, Mr Tang said that though many railways! and highways have fallen into)
have Enemy hands or
been Emergency Matter
lestroyed by the Chinese them- LONDON, July 22 (UP) Sir Solves, a large number of new Kingsley Wood,, Chancellor of the communication lines have been Exchequer, muncing the R.F.C. inaugurated, loan in the House of Commons to-
Thus in the southwest, Kweiyang, day stressed the fact that it again reflects the rendiness of the United formerly an Isolated and backward States Administention to extend their city, is now an important communi- cation centre. From Kwelyong a highway now leads eastward to Changsha measuring 1,000 kilometres, десом! westward to Kunming mensuring 662 kitometres,
third Full Approval
northward to Chungking measuring WASHINGTON, July 22 (Reuter). | 4188 kilometres and ʼn fourth south- ---The announcement of the Ameri-ward to Liuchow measuring 032 can loan to Britain, made over the kilometres. radio early this morning, surprised, From Kunming there is the Burma most people, but it is
expected
io Road running to Wongting, a small arouse anything but approval be- town on the Yunnan-Burma Border. cause it is increasingly realised by From Chungking there in the Sino- the
the Soviet international highway, pass- that interest: of world
economy ining through Chengtu, Klenko, Ning- Mar- general and America in particular ilking lunchung, Tienshul Lan-
is essential that Britain should be Singslagsin
chow, Kluchuan, Changyeh, Wuwel,
Hami going business concern and that un-Sir
and Tihwa, measuring a length of 5,270 kilo- .1,415 n.
Tess she can corn, she cannot buy, UO 1.
The spirit in evidence before the metres. 04 n. passage of the Lease and Lend B
amongst those who opposed the Bill .01% n.
Britan .239 hal
should be Είναι nothing until her lavestments 414b, this side of the Atlantic are liquidat .7445 b.
e-has disappeared, and the present ..225 b, loan is likely to assume the appear- 400 bance of an net between allied con- 1n.cerns which are in business with a 185 b. single objective, the destruction of
Nazism.
H.K. Stock Market
The
following quotations
Issued on the Hongkong Stock
Iet this morning.
H.K. Banks S.
BANKS $
H.K. Banks E
HK. Banks (HK) L.
Chartered Banks £
Mercantile, A. & 13.
Mercantile C.
East
Anla
S.
INSURANCES
Canton $..
Union Ins.
China Underwriters $.
1.K. Fire Ins. $...
Douglas $.
Steamboats
SHIPPING
Indo-Chinas P. S. Indo-Chinas D. S.
Shell (Bearers) s/~ Waterboats
Wharves S.
Docks $..
DOCKS ETC.
Providents $..
S'hal Dockyards $.
were
n.
.120 n. .01⁄2 n.
Average
person
לקום
and
measure
The main highways In the south-
northwest west approximately 0,930 kilometres.
Recently a new highway between Nelkiang in Szechwan and Sichang in Sikong has been completed. addition, there are a large number
main highways of shorter dis- tancer, branch highways and provin cial highways.
Aid To Reds
Want Manganese And Chromium In Exchange WASHINGTON, July 22 (Reuter). The United States have offered to buy any strategie materials that tussla might want to sell to help to
pay for purchases of war supplies in Amertes, declared Mr Jessie Jones, Federal Loan Bilster, at a Press conference to-day.
The offer was made to the Russian Ambassador, M. Oumunsky, a week but Mr Jones did not know ago, when the deal was likely to go through.
Mr Jones explained that the only dificuity was to get materials partl
and cularly manganese
chromlum from western Russia to Vladivostok and there to find ships to transport them to the United States.
He said that the purchases would not necessarily be balanced by the equivalent amount of war materials bought in the United States. "The Russians have a good supply of cash;
Exchange Atold. They have not fisited for a
A Glance
!
SELLING
T.T. London
T.T. Japan T.T. Indin
.1/27
1/27%
450
Demand London T.T. Shangliai
T.T. Singapore
523%
102
82%
24th
48%
455 140
T.T. U.S.A.
T.T. Manla T.T. Batavia
T.T. Bangkok
T.T. Saigon
T.T. France
T.T. Switzerland
1054
T.T. Australia ...
.1/014
BUYING
4 m/s L/C London
.1/345
4 m/s D/P London
4 m/s L/C U.S.A.
.1/3
.251
4 m/s France 30 d/s India
.049
'U.S. Cross rate in London 4.02
U.S. Cross rate in N.Y.
British Oil And Japan
FINNS ON PROBATION
Britain To Maintain Relations At Present
LONDON, July 22 (Router). -After careful consideration, the British Government has decided at present to maintain diplomatic relations with Fin- land but has left the Finnish Government in no doubt that this decision to continue may at any time be reversed in the light of events,
This announcement was made by Lord Snell in the House of Lords this aftemoon, Lord Snell intimated that the isque of mavicerts for goods destined to Finland had ceased and that no facilities were being given for ships to proceed to Finland.
Pacific Coast Strike Hint
He declared that the Government
SPECIAL TO THE "TELEGRAPH" SAN FRANCISCO, July 22 (UP). Railways Still Run
-Secretary Harry Lundeberg of the Questions In Commons Sailors Union of the Pacifle stated Sensible Arrangement
According to Mr Tang, rallways,
to-day that the Union hus demanded Amongst the lew businessmen still in operation include the Kun-
LONDON, July 22 (Reuter).In an immediate coastwide strike re- .00 n. contacted early this morning, the min-Kalyuan section of the Yunnan the House of Commons to-day, Mr ferendum "if American seamen are
70 n. first reaction was that it is a fur Railway
measuring 350 kilometres, William Gallacher asked whether the not given a chance to sail" on the 47/6 more sensible arrangement to lend the Kwelchow-Kwangsi Railway oil agreement made in 1940 whereby seven, Danish ships which the Gov- .0.55 n. money agolast such
excellent measuring 166 kilometres, the Pang-the Anglo-Iranian Oil Company was ernment has commandeered "at collateral thinn ruin the market by tangpu-Kukong section of the to sell one million barrels of oil to American wages." .90 b. dumping securities In order 10 15.80 n. liquidate them for ready cash.
478
the Human-Kwangs asked what kilometres,
has planned to register the of measuring 537 kilometres, exports to Japan from Briksh-owned have been assigned to Oriental runs Railway measuring The removal of a huge volume
of British-owned American securities the Lunghai Railway from Stan helds in the Middle East in 1941. from the market as loan collateral custward to "Tungkwan, Shanchow, Mr Richard Law, Under-Secretary President Lines and the Maison Line and two to the Antipodes for the this Loyang and Kunghsien, westward to for Foreign Affairs, said that he was respectively. morning's rally of the New York Pacchi and northward to Tungkan informed by the Anglo-Iranian Ol
an-aggregating 707 kilometres, and the Company that the contract referred Stock Exchange although the nouncement of the loan hnd been Cheliang-Kiangst Railway from to
to was not now
in operation. Mr anlleipated for some time,
Kinhwa to Wall Street welcomes the removal and a to Chuki. Lanki, Chuchow Law understood that no oil exports and Yingtan aggregating 400 kilo-to Japan from British-owned oli- The total of railways in fields in the Middle East had taken
is 2,797 kilometrės.
place in 1941.
.5.00 sa, .30
n.
MINING
Kuilan s/-
.13/0 n.
provided added stimulus to
Raubs $.
H.K. Mines
LANDS
Hotels $....
Lands $...
Lands 4% Debentures
S'hal Lands Sh. $. Humphreys $..
H.K. Realties $. Chinese Estates $.
UTILITIES
Trams $. Peak Trams (old) $.
Peak Trams (new) $.
Star Ferries
ફ.
cts n.
.3.00 s. .354 3. .97.
and he
oil
ships
Canton-Hankow Railway measuring Japan is still in operations under the Panamanian Dog.. Five!
of the possibility of additional forces air routes, Mr Tang
the
25 #3 of Piquidations which was one of the
.7 21. numerous threats hanging over .3.30 n. market in the past several months.
.101 b.
17.40
6.
.7 n. .3%. .5234 n.
Bulgarians Visit Pope
said, Include the Hongkong-Chung- king-Kunming-Lashio-Rangoon line which will be extended to Calcutta.
Hongkong-Shluk was line,
the
fingngking-Luc Chunian)
Kweilin line,
line, the
the
the
Churking
Chunging. Sino-Soviet
Kunming line, (Reuter).- Chengtu line and the 22 China Lights (new) $......1.30 n. Reports that the Pope is unwell ap- Une, passing
Fights (old) $..
X.
China
H.K. Electrics (old) x rts
H.K. Electries (new) $..
H.K. Electrics Rta $... Macao Electries $, Sandakan Lights $. Telephones (old) Telephones (new) $....
INDUSTRIALS
Cald: Macg, (Ord.), Sh. $. Cald: Mucg. (Pret.), Sh. $....
Canton Ices $... Cements $... H.K. Ropes
STORES, &c. Dairy Farms $ Watsons S... Lane Crawfords Sinceres $...... Wing On (HK.) Wm. Powell, Ltd. x.d.
$...
COTTON MILLS
Ewo Sh. $..... S'hai Colton Sh. $.
MISC.
H.K. Govt. 459....
H.K. Govt. 31⁄2267 (1934)
LONDON.
July
.22 n. .6.10 s. ..22 b.pear to be contradicted by a state-Hami, Tinwa and Alma Ata. ..21 b. ment by the official Italian netes
are the
Ingersoll On Singapore
SINGAPORE, July 22 (leuter).
Tanker Transfer "Secret" Is Out
Britain To Benefit
Of
men on
SPECIAL TO THE "TELEGRAPH” WASHINGTON, July_22 (UP)— Mr Harold L Tekes, Secretary of the Interlor and Petroleum Co-ordinator In the National Defence Programme, said to-day that the qucation transferring
ing additional oil tankers to Britain was a "matter of vital mill- through Lanchow, Any hostile move against Singapore tary information" and should not be or any other country in the racine disclosed publicly, thus inferentially Shipping Routes
would be regarded as a hostile move asking the newspapers not to print .11% 5. agency describing visit to the. With regard to navigation Mr Tanggainst America and action may be the news of tanker transfers. 18.10 n. Vatican by the Bulgarian Premier sald the principal shipping routes in publisher of the New York paper, Monday regarding the transfer of It is reported that Mr Ickes con- taken, declared Mr Ralph Ingersoll, terred with prominent oil .12% n. and Foreign Minister who are now elude the Changsha-Hengyang "P.M." who arrived here to-day by from fifty to one hundred tankers to
..23 n.in Rome.
roule, the Hengyang-Pengshul- air, .8.95 n. They were. received with some Peiling-Chungking route, the Chung
Britain. ceremonial and were escorted by the king-Wanhsien-Lubsien - Hochuen Moscow, where he will interview M. He is on his way to Chungking and 30 n.Swiss Guard to a library where they Leshan route, the Wuchow-Liuchow Stalin and report
Liuchow-Nanning German war.
Russo- .25 n. had a "long and cordial talk" with route,
route, and the .1 su, the Pope.
route
He added that Americans hoped) Chinese students In Hongkong
very desiring to go to the interior of peaceful in the Pacific.
much that Jupun would remain "I doubt if China to study. Mr Tang said, may America will let anyone but herself so by either of three ways: Firstly, they may go by C.N.A.C. or Eurasia move into Singapore," he said,
Nearer To War plane to Chungking for HK$540, to
Mr Ingersoll went on to describe Kunning for HKS60, to. Namyung
Roosevelt's for HK$270, to Chengtu for HK$598 President
message and to
to Lanchow for 11K$728.
Congress as a "step nearer to the Secondly, they may go by way of inevitable, but the more action the LONDON, July 22 (Reuter) Rangoon Burma Road. Four President takes the better in view of .41% n. "Reuters" Diplomatic Correspondent shipping companies, including the the fact that Amerlea will do every and the .303 n. learns that M. Zdenek Fieriinter. Douglas S.S. Co., are maintaining thing to prevent a Hitler victory."
former Czecho-Slovak Minister
tu regular shipping services between Mr Ingersoll was quite cheerful .07 b.
Moscow, hins been appointed to relongkong and Bangoon. It takes about the Russian situation. .04 b.
nt Czecho-Slovakia lu the Soviet about 12 days to travel by boat from
.154 5.
.0
ti.
.10%
.
.11 s.
.6.45 n.
.2 n. .30 n.
II.K. Govt. 319 (1940)....04 b. Ch. Govt. 5% 1925 G$Bds..42 n. .84% 11. 11 1.GD
Entertainments 3.
Constructions (old)
Constructions (new)
..30 cts n. 7.20 1.
Vibro Piling $******** Marsmans Inv. (Lon.) /- 5/71⁄2 î Marsmans Inv. (H.K.) 3/-2/11% n.
CHINESE ATTACKS
IN SOUTHERN KWANGTUNG
They later paid a visit to Cardinal Maglione, the Secretary of Stale..
Soviet-Czech Relations
whereby relations between the two countries are resumed.
Union as a result of
an agreement
M. Fierinter, who is now in Lon- don. will shortly leave for Moscow
Chiang's Condolence
to Rangoon,
may go by
Wollum, Liuchow,
on tho
to
way of U.S. RAILWAYMEN
ARRIVALS IN CHUNGKING
Chungkink. July 22 (Central News)-Mr I. P. Chen, Chairman of the Chinesse Currency Stabilisation Board and General-Manager of the Bank, returned here this morning by Shanghal · Commercint Savings
air from Hongkong.
&
ANOTHER TRAIN SMASH IN ITALY
VICHY, July 22 (Router).—Italy's second train smash in three days occurred near Naples this morning. says a Rome dispatch,
Two trains collided in a station at Bales. Up to now 12 injured people
Hechik and Kwel- TO BUILD SHIPS have been dug out of the wreckage.
[yong to Chungking or Kunming, Three steamships, namely, the Tal Po Shek, the Tal Shun Hong and the Jage are running between 1longkong and Iwangchowwan.
Significant Censorship.
To Yang Family Generalissimo Chiang Kai-shek has rent a message of condolence to the family of Mr Yong Yun-shih, noted Chinese poet and painter and former) Chief Secretary to Marshal Wu Pel- fu who passed away in Hongkong on July 15. The Generalissimo also SHUIKWAN, July 22 (Central remitted a sum of $10,000 as a gifi News).-General Yu Hag-mou for the funeral expenses of
of the late WASHINGTON, July 22 (UP).— Commander-in-Chief of Chinese Mr Yout..
At the press conference to-day, forces in Kwangtungt, reported at the The message was transmitted to President Roosevelt sisted that he Weekly Memorial Service meeting the Yang family through Mr Tu considered the establishment ní yesterday morning that taking ad Yueh-slien, member of the National censorship by Japan as being signi- vantage of the transfer of Japanese Relief Commission and a close friend fleant. troops from various parts of southern of the late Mr Yang. Kwangtung, the Chinese recently launched attacks in wide-spread areas and inflicted numerous losses
on the enemy.
The Japanese troops in Canton, General, Yu said, are now taking measures in fear of large-scale Chinese attacks,
Japanese C-in-C For Central China Waters
template
Subsequently, Senator Waiter George, Chairman of the Foreign Relaons Committee, nɛserled that the Administration does nol ron- any new. international moves "for the time being. at least." SPECIAL TO THE “TELEGNAPH"
Censorship Announced TOKYO, July 22 (Domel)-Vice-
WASHINGTON, July 23 (kuțiter), Admiral Marquis Teruhisa Komatsu, President Roosevel has announced The Japaneso In the southern Commander-in-Chief of the Port Japanese censorship of radio and i sector of the Canton-Hankow Hall- Arthur (Ryojun) Naval Base, way, General Yu-further said, have been appointed Supremo Commander been subjected to harassing raids by of the Japanese Fleet in
Central the Chinese who besides inflicting Chinh Waters, it was announced by N CHUNGKING, July 22 (Central sturn of $316,470 hay casualties have captured considerable the Navy Ministry today.
been raised by the Chinese Boy war materials and important docu- Vice-Admiral Komatsu, 63 years Scouts Association as a result of the ments Japanese
defence
works old, in the fourth ion of the late Winter Germent Campaign for were blao reverely damaged and a H.1.11. Prince Yoshihisa Kitashira- Soldiers launelied on the last Double number of prisoners were taken. kawa.
¡Tenth Anniversary.
has
cable communication,
SPECIAL TO THE "TELEGRAPH” WASHINGTON, July 23 (UP)-It
is stated that the Omee of Production
Principals In Syria JERUSALEM, July 22 (Router).— Management is holding a special Major-General John Chrystall has meeting in Chiengo inte to-day, when been appointed Chairman of the a committee of rail oficials und Armistice Control Commission in labour executives will discuss the Syria. Chief Vichy representative is voluntary transfer of 100,000 railway General de Verdillac, who was the workers to the shipbuilding and air-principal Vichy delegate during the craft Industries.
Farmistice negotiations,
Swan, Culbertson & Fritz
Investment Bankers and Brokera
Members of New York. Cotton Exchange
Chicago Board of Trado
Manila Stock Exchange
Wloniper Grata. Exchungo
Commodity Exchange, Inc., New York Canadian Commodity Exchange, Inc., Montreal New York Coffee and Burar Exchange
Hongkong Sharebrokers Association Shanghai Stock Exchange
SHANGHAI, HONGKONG, MANILA, and 'BUENOS AIRES
Cable Address; SWANSTOCK //
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PRESIDENT LINES
TRANSPACIFIC and ROUND-WORLD SERVICES
Next Sailing
UNITED STATES
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