1937-07-20 — Page 17

THE CHINA MAIL, JULY 20, 1937.

ITALY CAN BLOCKADE BRITISH SHIPPING ROUTES IN THE MEDITERRANEAN

the

the

The constitution of a high naval reported to be in progress on

in Red Sea island of Dumeirah, which command for Libya announced Rome, in view of the absolute and France ceded-to-Italy under. urgent necessity," is doubtless con-little-noticed agreement of January sidered to be a further step to-17, 1935. wards attainment of Italy's cipal strategic ambition.

This

BANKS

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

Incorporated by Royal Charter, 1858.

HEAD OFFICE: LONDON 38, Bishopsgat EC 2. Paid-up Capital

£3,000,000 Reserve Fund

£8,000,000-~ Reserve Liability of Pro-

prietors

£8,000,000

Manchester Branch, 71, Mosley-Street, Manchester. Agencies and Branches:

Ipol

Karachi - Klang

Fobe Kuala Lumpur Kuching Madras Mal Moden

H

Alor Star Amritsar Bangkok Batavis Bambay Caloutta Cantou Cawnpore Cebu Golombo Delhi Hamburg Haiphong

Hankow Hasbini Hong Kong

New York Peiping ((Peking).

Penang

Rangoon Balgon Samarang Seremban Gbangkai Slagspora :Sitiawan

Sourabaya Tulping Tientain Tongkah

(Bhuket) Tsingtan Yokohama

Zamboanga

prin-In view of these Italian activities is it deserves to be recorded that no the power to close the main Medi-noteworthy reinforcements have terranean routes to enemy shipping reached the British Mediterranean in time of war, writes Hector By- Fleet since the Anglo-Italian agree

Apart from ment of January last. water.

only While the establishment of the normal relief movements the new command at Tripoli does not units being added to that Fleet are conflict with the Anglo-Italian six motor torpedo-boats.

Foreign Exchange and General Basking business "gentlemen's agreement,” conclud- The broad principles of British

transsoted.

Current Accounts opened and Fixed Depaits ed in January last, it introduces a strategy in the Mediterranean were

received for one year or shorter perioda at ritem In which will be quoted on application. new factor into the problem of officially announced last year:

The Bank Hard (Boo, in London underistes

and view of our territorial and political Executor and Trusice business,

claime Mediterranean strategy.

British Income Tax overpaid, on of recovery Naval and air exercises, intended commitments, the maintenance

terms which may be ascertained at any of its to demonstrate Italy's control of the balance of power in those Agencies and Branches.

R. W. ROBERTS,

Manager. the channel between Sicily and the waters is regarded as vital.

all African coast, through which

It is possible; however, that the Hong Kong, 1st January, 1935.

Mediter- traffic between Gibraltar and Suez plans for defending the must pass, were held in March of ranean route do not preclude

of diversion this year, when more than 50 sub-eventual marines were reported to have shipping via the Cape to ease the THE BANK OF EAST ASIA, LTD. been concentrated in the channel, burden which would fall on

Similar exercises, but on a much naval and air forces in an larger scale, are to take place in the gency. same area in August. On this oc- casion the greater part of the Italian fleet. including at least 70 sub- marines, will be cruising in or near the Sicily-Cape Bon passage.

Italy's Air Arm

Recent Ministerial statements in Rome, plainly indicate the reorienta- tion of Italian strategy which has taken place in the past two years. Gen. Valle, Under-Secretary' for Air, has dwelt

"the on

radical change which has occurred in the strategical field, assigned to our air

arm."

the merchant

our Authorised Capital $10,000,000.00 emer- Paid-up Capital

Reserve and Undivided

Profits

Attempt To Force N.W. Passage

An attempt is now being made to force the famous Northwest Passage from the Atlantic to the Pacific and establish a post at the, The centre of gravity, he states, most northerly tip of the Canadian has "clearly shifted from the Val- mainland at Brentford Bay on ley of the Po towards the Mediter-Boothia Isthmus, within the imme- ranean, the Red Sea and the In-

diate vicinity of the Magnetic Pole dian Ocean. This explains the and about 1,200 miles from the

in strengthening of the air bases

North Pole. Sicily, Sardinia, the Agean Islands, The visionary Northwest Pas Fantellaria, and Tobruk (Libya)."sage to Cathay which intrigued He added that "air divisions

are navigators for centuries and which now able to pass in a few hours led to the discovery of Canada has from one part of the Mediterran-been forced only once before. The ean to the other."

Norwegian explorer, Roald Amund-

But the Sicily-Cape Bon passage sen, made the trip in his explora- is evidently not the only point at tions of 1903-1905. This year's ex- which Italy proposes to have the pedition has been carefully plan power, în certain contingencies, of ned for the past year by Canadian severing the Mediterranean route Government from west to east.

Bay Company which

$ 5,598,600,00

2,776,726.76-

HEAD OFFICE HONG KONG, .

10, Dea Vaux Boad, Central.

BOARD OF DIRECTORS:--- Hàn. Sir Shou-nom Chow, Chaltman; Li· Joon

Chun, Esq.. P. K. Kwok, EH WODE Yun Tong, Esq., Chan Ching Shok, Eag.. Li Lan Sang. Eag. Wong Chu Bon, Esq. and Kan Ying Fo, Esq., Fung Ping Wah, Esq.

Kan Tung Po, Esq., Chief Hanager. Li Teo Fong, Eaq, Manager.

BRANCHES AND AGENCIES :--

Amoy Batavia Bombay Calcutta

zaki

New York

Heiphang Hankow Hohalalu Kobe Komloor Londen

Parli

Peiping

Fening

Bangoon

Saizon

San Francisco

Semarking Bhanghai Fingapore Surabaya Bwntow Bydney

Taiboku

Tientsin Tekyo

VRICOU TRI Ychobarns

Every description of Banking and Exchange business transacted. Loans granted on approved

tic

--Current Accounts opened in Local Cuneney yer or aud Fixed Deposits received for one shorter periods in Local and Foreign Carmacies on terms which will be quoted on application.

Safe Deposit Boxes To Let

KAN TUNG-PO.

THE WING ON BANK, LTD.

Head Office: Hong Kong.

26 Des Voeux Road, Central Authorised Capital $10,000,000 LONDON BANKERS:—— Westminster Bank, Ltd. Foreign Exchange and every des-

=

From the new the Hudicials and officers of naval headquarters at Tripoli to maintains trading posts, through cription of banking business transact-

ed. Sicily is a distance of less than 270 out the Canadian Arctic. If ice

Current Accounts and Savings Ac- miles, and an imaginary line drawn conditions permit, the Hudson Bay counts opened Mixed Deposits re- from › Tripoli to Syracuse would Company's steamers, the Nascopie ceived at rates which will be quoted

on application bisect the British island of Malta. from the East and the Aklavik

Trusteeship & Executorship under- Still further to the east is the from the West, will meet at Brent-taken. Safe Deposit Boxes for hire. third possible line of blockade, run- ford Bay on or around September ning in this instance from Leros-1 for the exchange of cargo and the powerful Italian aero-naval passengers.

A

PHILIP GOCKCHIN,

Chief Manager

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

thorised Capital a $50,000,000 Issued and Fully Paid-up, . 20,000,00 Reserve Funderesies

Sterling AE 6,500,000 Hong Kong Currency

Reserve $10,000,000 Reserve Liability” of Pro-

prietors

$20,000,000

HEAD OFFICE:"HONG KONG,

"BOARD OF DIRECTORS.

G. Miskin, Esq., Chairman,

Hon. Mr. M. T. Johnson,

Depilty

J. K. Bousfeld, Eaqo A. H. Compton, Esq..

8. H. Dodwell, Esq. J. B. Masson, Esq.,

K. 8. Morrison, Esq.,

Hon. Mr. J. J. Paterson, T. E. Pearce, Esq.,

A. L. Shields, Esq.,

Sir Vandeleur M. Grayburn, Chiel Manager)

AMOY

BANGKOK BATAVIA BOMBAY CALCUTTA

CANTON CHEFOO

COLOMBO

DAIKEN

·FOOCHOW

HAIPHONG HAMBURG

HANKOW HARBIN

HONGKEW

POR

JOHORE KOBE

KOWLOON

BRANCHES --

KUALA LUMPUR"

LONDON -LYONS

MALACCA MANILA MUKHT(Jobdru) MUIDEN NEW YORK EEPING PENANG RANGOON BAIGON SAN FRANCISCO SHANGHAI BINGAPORE SQUBARAST SUNGEI PATANI TIENTBENT TOKYO TSINGTAO TOKOHAMA

**Current Accounts opened in Local Currency and

- Fired" Depogute resalved. Ide ama year or shorte

periods in Local Currency and Sterling, un term which will be quoted constapplication.

ALBO up to date SAFE DEPOSIT BOXES is various sizes "TO LET.

Hong Kong, let- March, 1987.

́ ́HONG KONG SAVINGS BANK

The“ Business' of the abov“ Bank in conducted by the HONG KONG AND SHANGĦAI BANKE ING CORFORATION. Bules pay

be obtained on application.

FOR THE HONG KONG AND - SHÄNGĦAJ BANKING #CORPORATION.

V. M. GRAYBURN,

Ukiat "Manager. Hong Kong, 1st March, 1887,5"

THE YOKOHAMA SPECIE BANK

LIMITED

Established 1880

Capital (fully paid-up) Yen 100,000,000 Reserve Fund .............. Yen.132,650,000

*** Head Office: @YOKOHAMA

Branches and Agencies at

Moji Nagasaki

Alexandria Bangkok Batavia Berlin Bombay Calcutta

... Canton

Dairen (Dainy)

Fengtien (Mukden)

Hamburg Hankow

Harbin

Hong Kong

Honolulu

Hsinking

Karachi

Kobe London

Manila

zos Angeles

Nagoya

New York Osaka

** OtazuTM

Paris Peiping

Rangoon

Rio de Janeiro San Francisca Seattle

Semarang

Shanghai

Singapore

Tientsin

Sourabaya

Sydney

~ Tokyo “**

Tsingtau

Yingkow

Interest allowed for Current as- counts.

Deposits received for fixed perioda

| at rates to be obtained on“applică-

tions.

Y. KANO

A Manager, Oth Marc 1987

ANGHAI COMMERCIAL & SAVINGS ANK LIMITED (Incorporated in China)

20

Capital paid

base in the Dodecanese southwest The Nascopie. is visiting all Hud- to Tobruk, the easternmost Libyan son Bay posts along the coast of

LOCAL DOLLAR base, which is only 60 miles from Labrador, in the Hudson Straits, the Egyptian frontier.

Hudson Bay and then up the coast

London Silver Prices Both Leros and Tobruk are claim- of Baffin Land as far north as ed to be within air distance of Ale- Ellesmere Island where the mo❘ The demand rate of the Hon xandria and Cyprus,

which northerly post is established at Kong dollar this morning was Doth «are recognised as emergency Bri-Craig Harbour within 900 miles of 19/32.

the Pole.

“'Spot" silver was quoted at tish bases, while Malta is, of course, less than half an hour's flight from, Travelling south-west through and "forward,” at 20. Sicily.

Lancaster Sound and Prince Re- The London on New York cross- Red Sea Also

gent Inlet the steamer should rate was quoted at £U.S.$1.9735 Nor is it only in the Mediterran- reach Brentford Bay, the most re-and the New York on London cross- ean that Italy is making palpable mote area of the Northwest Pas rate at £-U.S.$497-9/16. efforts to develop strategic control sage in time to connect with the

"Craufeld' of the Eastern sea route. In the Aklavik which operates in the Red Sea Massawa and Assab, on Canadian Arctic Ocean supplying left Kobe for this port on the 17th the Eritrean Coast, are mentioned the western Arctic posts of the instant and is due here on

24th instant. as aero-naval bases, and works are Hudson Bay Company.

"

The P. and O. að.

the

Reserves L

$5,000,000.

$7,500,000.

Capital Savings Dept. $600,000, Reserve Savings. Dept. $800,000.

A Head-Office Shanghai:

the

• A Bank having as its mission industrials (development con "China" - and the fostering of her commercial relations abroad. Hong Kong Office.z.

6, Quben's Road, Central.

Phone 11116. –