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Hong
of
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EMPRESS OF ASIA, JUNE 17th.
At 8 p.m.
information from Passenger & Freight Offices
Union Building, Hong Kong
Telephones: Passenger 20752-Freight 20042. Canton Agents, Jardine Matheson & Co., Ltd.
Canadian Pacific
1
THE CHINA MAIL, JUNE 17, 1937.
IRON CONTROL PLAN
RESISTED BY
JAPANESE
cidedly bad that the Ministry is going to secure a strong control over the in- dustry, in spite of its abject failure, Mr. Shiraishi declared.
The Hochi reports Mr. Shiraishi re- Opposition to the plan for controlling taka Yamaoka, director of the
cently called on Major-General Masa- Muni- the iron and steel manufacturing in- tions Preparation Bureau of the
War dustry sponsored by Commerce and Ministry, and pointed out various de- Industry Minister Takuo Godo, has fects of the Government's plan of con- been voiced by the Tokyo Chamber of trol. Commerce and Industry and the Iron the control plan will impede the de- The former told the latter that and Steel Consulation Commission, ac-velopment of the industry, making it cording to the Japanese press.
difficult for manufacturing companies Recently the plan has been
under to enlarge their production capacity. discussion by these organizations. They' do not necessarily oppose control as acided to amend the Government control The consultation commission has de- whole, but advocate autonomous
con-plan and has "appointed Mr. Shinkyo trol instead of State control, to obtain
Namatsu, which the Ministry is going to submit Japan Iron Manufacturing
managing-director of the a bill to the special Diet session.
Company, The Industry
as chairman of a special, committee for Department of the that purpose. chamber has expressed open anta- gonism to the Government plan for placing the iron and steel industry under direct Government control, and LOCAL DOLLAR UP!
has started formulating a plan for au- tonomous control. A special committee meeting of the consultation commis- sion also has announced that State con- trol should be abandoned and replaced by autonomous control.
London Silver Prices
The demand rate of the .Hong State Control
Kong dollar this morning was 1/2- Their attitude is regarded as very [23/32. noteworthy, because they are trying
check the growing tendency
"Spot" silver was quoted at 19- ward State control, says the Miyako. 13/16 and "forward," at 19-13/16. The chamber is extremely opposed to The London on New York cross- the ideology on which the control plan rate was quoted at £-U.S.$4.9370 of the Government stands and declares
to
to-
autonomous control is the best to de-and the New York on velop this industry and to meet Ja-cross-rate at £-U.S.$493%. pan's preparations for a semi-wartime economic structure. The chamber will
announce a control plan of its own JUGOSLAVIA
shortly.
Mr. Motojiro Shiraishi, president of
BUYS BRITISH
the Japan Steel Tubing Company, WAR PLANES
as a special member of the chamber expressed his opinion on the Govern-
London
ment plan Tuesday at the instance of A squadron of 10 Hawker Fury the chamber. Mr. Shiraishi declares the multi-gun single-seat fighter aero- iron manufacturing industry control planes is being delivered to Jugo- plan of the Ministry estimates the total slavia, and the Government of that demand for iron and steel for 1941 will) be 6,200,000 tons, on which basis country has acquired the licence to
it encourages an increase of production build the Fury type in its own fac- capacity. The demand should bejtories.
Almost all of the policies hitherto
estimated at 12,000,000 tons, he said. The present order included 75 €
iron and steel
Rolls-Royce Kestrel engines of the adopted by the Ministry have failed, and it is de type fitted to the Fury.
The Fury Fighter ordered is similar to the type used in the
Singapore Raw Rubber R.A.F., but has a superior perform-
ance and is more heavily armed.
Messrs. H. B. Joseph and Co., have 250 miles an hour at a height of It has a maximum speed of about received the following quotations 14,800 feet, and climbs is 20,000 from Singapore în Straits Currency feet in eight minutes. for Raw Rubber:
The engine is supercharged and developed 745 h.p. at 14,000 feet.
Spot
Jan./March
July/Sept. Oct./Dec.
Buyers:
32% Up g
In July, 1932, Capt. Shintitch, of 32% Up % the Jugoslavian army, flew a Fury 32% Ups to victory in an international war- 32% Up % plane race round the Alps, at an
average speed of 204.5 m.p.h.
Market:-Quietly Optimistic.
Priestina
Lloyd
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