1940-01-06 — Page 11

THE CHINA MAIL, JANUARY 6, 1940

LIVELY INTEREST IN BRITISH GOVERNMENT LOOK

SECURITIES

London, To-day.

AT

THIS

THE STRENGTH OF British Government securities, which have now mostly attained their highest levels since the outbreak of war, is being fol- lowed with considerable interest in City circles. Some quarters are again citing the strength of gilt- VALUE

edged securities as indicative of the early issue of a national defence loan, but a canvas of lead- ing banking and Stock Exchange opinion reveals that such a view is held by the minority.

ANOTHER DATE SET FOR WANG "GOVT.'

Shanghal, To-day.

An important conference between Chinese "puppet" oficials, including Wang Ching-wel, and high Japanese officials, took place yesterday.

The whole region in west Shang- hal under Japanese control, was plac-. ed under martial law until the con- ference ended.

Japanese and Chinese "puppet" spokesmen declined to comment on the nature of the conference. Our- Own Correspondent.

JANUARY FIFTEENTH

Shanghai, To-day.

at

It is pointed out that there are present a number of factors contri- buting to the strength of the market.

Firstly, the closure of the new capi- tal market since the outbreak of war has deprived the investor of alterna- tive channels of investment, and hence there is no incentive to sell

Secondly, the weight of money in the hands of institutions,

it is further pointed out that there is little sign of official, sup- port, which would foreshadow the Appearance of a new loan)

LOAN TO BANKS

BRITISH MADE

TEA SETS FOR 6 PERSONS

5 CHARMING NEW DESIGNS- MODERN STYLE

OUR PRICE

$1250

SET.

WHITEAWAY'S

World's most

economical 10

The opinion is expressed, however, that the authorities might issue a short-term loan to the banks to enable the latter to fund Treasury Bills and provide the finance required up to March 31,

The Vauxhall 10 Saloon does over 40 m.p.g. On a recent R.A.C. Official trial, over 1,000 miles of public roadz the 10 h.p. Saloon did. 43.4 m.p.g. In this connexion, it is believed that

And it has Independent Springing, Controlled Syn- £300,000,000 could be easily absorb- chromeah and many other fine car

Hydraulic Brakes, ed, as the banks are over supplied features. with cash and bills.-Reuter.

DEMAND CONTINUES

London, To-day. Gilt-edged securities were sharply higher on the Stock Exchange yes- terday, on continued good demand from large and small investors.

Indian, Dominion and Colonial is- The date for the inauguration of Wang Ching-wei's "Central Kuomin-sues improved in sympathy, while have Kafflrs further strengthened on buy- tang Government" is said to

ing on Johannesburg local account. been fixed for January 15.

Industrial issues were irregular, Wall Street ruled firm yesterday.-

It is reported that all previous dis- agreements between Wang's proposed new regime and the Peiping Provi- sional and Nanking Reformed Gov-

Reuter.

ernments, have been satisfactorily MOBILE

settled.-Our Own Correspondent.

GUERILLAS ACTIVE NEAR

PEIPING

COLUMN

HOLD DINNER

Over 150 attended the annual dinner of the Mobile Column of Hong Kong Volunteer Defence Corps, Officer Com- manding, Major H. G. Williams, last night at Headquarters. Guests of hon- our were Col. H. B. Rose, Comman-

Peiping, To-day. Renewed guerilla activity dant of the Corps, and Hon. Lt. Col. is reported west of Peiping.. H. B. L. Dowbiggin, both of whom Guerillas raided the Japanese con-paid high tribute to the increasing ef- trolled coal mine at Panchlao, in the ficiency of the Column, and the latter Western Hills, routing the Chinese announcing that he had presented a cup to be competed for by members of the Column at the annual Corps shoot.

guards.

The Japanese despatched reinforce- ments from Changsintien and fight- ing is continuing.

Congratulations were extended to 2/Lieut. Stoker and C.S.M. Brett on their recent promotions.

Following the dinner well varied en- tertainment was provided to the satis-

Fighting is also reported outside Wianghsiang with regular Chinese troops under General Lu Chung-ling, appointed by the National Govern- faction of all. ment.-Reuter,

RICE SHOP LOOTING CONTINUES

(SPECIAL TO “CHINA MAIL”)

SHANGHAI, TO DAY.

·DESPITE "RIGID: ADMINISTRA

KWANGTUNG HITS BACK

.i

Shiukwan, To-day. Chinese forces are in hot pursuit of the Japanese retreating south ́along the Canton-Hankow Railway, and from. Meikong and Sunfeng to the east of the Railway.

Yungyun and Samhwachen are now TIVE VIGILANGE RICE PRICES | cleared of Japanese soldiery. STILL: REMAIN TOO, HIGH FOI

has reached. THE POORER OLABS OF C

Rice disorders

VAUXHALL

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THE HONG KONG & CHIN

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