1940-01-19 — Page 20

AMERICAN FREIGHTER RELEASED

SHANGHAI, TO-DAY. AMERICAN THE

FREIGHTER WAS DE- PETER KERR, WHICH TAINED BY ORDER OF THE UNIT- FOR CHINA ED STATES COURT FOLLOWING A CLAIM FOR £1,500 DAMAGES FILED BY THE AGENTS

THE FOR

GREEK STEAMER STATHATOS, WAS DIONYSSIOS FREE TO SAIL LAST EVENING.

The American vessel was released by the Court when a bond of £3,000 was posted by the Columbia Casualty Company.

Hearing of the case is taking place before Judge Milton J. Helmick the United States Court on Febru- ary 8-Reuter,

HOCKEY CLUB

TEAMS

The following teams have been selected to represent Hong Kong Hockey Club in matches arranged for the coming week.

"A" XI (versus Royal Air Force on Club

at 5 ground on Monday,

p.m.):-H. W. Brown; W. G. Schnabel and A. M. J. Wright; J. V. Steven, H. J. D. Lowe and J. McGo- wan; W. Spencer, G. D. Woolgar, E. F. A. Morgan. E. W. Bannister and I. P. Tam- worth.

tat XI (versus 8th Heavy Regiment Royal Artillery on Club ground on Wednesday, at p.m.):-V, M. Benwell; V. C. Bond and E. V. Reed; N. B. Whitley, W. A. Reed and R. A. Bates; S. A. Fowler. D. S. Carey, G. E. R. Divett (Capt.), T..D. Whitley and B. I. Blekford..

LOCAL DOLLAR

1

THE CHINA MAIL, JANUARY 19, 1940

GOLF

STRANGE STARTING HONESTY

TIMES

Following are Royal Hong Kong Golf Club starting times for Fanling:—

SATURDAY

Old Course 2.12 p.m. Lieut. Carter, Pay. Lt. Jesseman.

Lieut. Jack, Pay. Lt. Wheen.

2.16 2.40 2.44

*

D. L. Prophet, W, Hewitt. W. M. Barton, P. 5. Cassidy,

SUNDAY

Old Course ·

9.10 a.m. A. H. McBride, T. Megarry. 9.20

W. A. Stewart, W. J. S, Key.- -

9.24

II. II. Mundy, N. K. Littlejohn.

P. E. Annis, W, Harper.

IN REICH

It is not often that one hears the impartial voice of experts being rais- ed in protest behind the blare of Nazi propaganda in Germany itself. Such a surprise, however, has been recently provided by Herr Emil Helfferich, one of Germany's foremost economists. What Is even more astonishing is that the expert was allowed to "debunk” the official theory of Germany's im- munity against the Allied blockade,

E. J. Faggiano, H. M. Rowland.and in no less a paper than Goering's

A. Allson, J. Harrop.

A. G. Parker, Capt. Thursby.

R. C. Gairdner, W. Hewitt.

Liesching, H. N.

H. S. Rees, J. G. Jensen. H. F. Phillips, A. C. Meredith, Brig. McLeod, S. II. Dodwell. J. C. Taylor, A. B. Purves. G. W. Behrman, W. G. Robertson. E. G. Price, J. F. Robinson, R. Young, L. R. Andrewes. H. J. Armstrong, J. P. Murphy, G. C. Worrall, Comdr. Hole. W. L. Alexander, L. Jackson, H. Overy, W. J. E. Mackenzie. F. C. Young. R.. J. Shrigley. K S. Itobertson, W. W. C. She

*

9.28

9.32

9.36

9.40

•

"9.44

The two steamers collided the Whangpoo River on January 14 when the Peter Kerr was com- ing from drydock.

in

The demand rate on the Hong Kong dollar to-day was 1/2 13/16.

9.48

R. R. de L.

Williamson,

Silver was quoted in London yes- terday

for

and at. 22-1/4

Spot 22-1/4 for forward.

9.52

9.56 10.00

in

The London on was quoted at £ the New York on £-U.S.$3.96-1/2.

New

York rate U.S.$4.0250 and London rate at

10.04 10.08

10.12

10.18

10.20

10.24

10.28

10.32

10.38

10.40

10.44

10.48

•

10.52

10.56

11.00

++

11.04

11.08

11.12

11.10

P

11.20 11.24

11.28

++

LLOYD TRIESTINO

REGULAR FORTNIGHTLY SERVICE

OUTWARD: for SHANGHAI

HOMEWARD : for GENOA, NAPLES (London

Overland), via MANILA, SINGA- PORE, COLOMBO, BOMBAY &

PORTSAID.

For further particulars apply to:

LLOYD TRIESTINO

Queen's Bldg., Ground Fl., Tel. 32982

Tel. Add. “LLOYDIANO” P.O.B. 143

Agents, Canton-Messrs. Dodwell & Co., Ltd., Shameen

INDO-CHINA

STEAM NAVIGATION COMPANY, LTD.

OPERATING SERVICES FOR

CARGO and PASSENGERS

TO-SWATOW, SHANGHAI, TSINGTAO, CHEFOO and TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA

SANDAKAN, HAIPHONG

steamers berth- ́alongside the

Roosevelt - Terminal in the Frangh Concession at Bhanghai, where pa

sengers and cargo are landed.

JARDINE, MATHESON

CO. LTD.

GENERAL MAN

All

Přess Apply

Wan.

T. Low, J. W. Mayhew.

M. Pollock, F. A. M. Elliott. A. D. S. Murray, W/Cdr. Steele

Perkins.

G. G. Altkenhead, T. A. Pearce. L. M. Wylle, D. 1. Bosanquet.

B. D. Evans, D. D. Forbes.

H. J. D. Lowe, H. A. Mills. D. J. Gilmore, K. S. Morrison, D. L. Prophet, W. Park.

E. T. McMullen, D. Humphreys

J. M. Pearson, L. A. R. Duncan. A. N. and Q. A. A. Macfadyen.

New Course

"Vierjahresplan". In an article print- ed in this journal Helfferich openly declares that all Germans must face- the facts of Germany's economic post- of tion and admit the strangulation German trade by the Allies' blockade, "As in 1914-1918", he writes, "Eng- land's power

Germany has brought overseas trade to a complete stand- still. German ships are lying in more than a hundred harbours all over the globe, and some of them have al-

confiscated. ready been

Enormous manufactured. quantities of goods against orders received and ready for shipment are piled up blocking the warehouses of the large German ports. German importers cannot, even un- load or store goods which may arrive." DISMAL PROPHECY

Herr Helfferich then recalls Hitler's dictum that "Germany must export or die", but goes on to add dismally that, though "the whole of German import and export trade has made the greatest effort to carry out the Fuchrer's wishes, yet in Kiel and Luebeck, in Bremen and Hamburg, they are all gradually heading for ruin." Helf-

9.20 8.m. A. M. Kennedy M. G. Car-ferich concludes his article with a plea

9.24

*

9.32

-

9.44

9.32

10.00

10.08

10.32

*

10.52

11.16

"

ruthers".

R. G. Gray*, Lieut. Carter”.

J. B. Harrison, D. P. Hughes, H. F. Sommers, Snr. and Jr. L. C. Hamlin. C. F. Marshall, R. H. Gregory, T. E. Pearce.

Mrs. Behrman, Mrs. Robertson, Mrs. Overy, Mrs. Mackenzie, Mrs. Murray, Mrs. Steele Per

kins.

Mrs. Prophet, Mrs. Park..

* Unsuccessful in ballot for Old Course.

CHESS

HOLDER DEFEATED Appended are the results of matches play ed in the First Round of the Colony Chess Championship. Quite an upset was the "de" feat of D. E. de Carvalho, the holder, by B. S. Litvin, while A. Kurrik did well to draw with a former champion, Sir Henry Pollock.

B, S. Litvin beat D. E. de Carvalho. L. Blaire beat O. V. Prasalov.

K. Weiss beat V. Kalatchoff.

E. Zimmern beat A. Y. Biriuko. A. Kurrik drew with Sir H. Pollock.

The Hong Kong Chinese Federation have arranged to meet the United Services on Saturday, February 10 at Caroline Hill in charity football game in aid of the B.W.O.F. and China War Relief Charity.

to allevi- for Government measures ate the plight of German trade, und above all for steps to improve traders” finances which excessive taxation has driven to the brink of collapse.

The publication of this article has caused astonishment in the outside-

in many world and also, of course, German circles. So far, the only ex- planation for this lapse into truth is afforded by rumours of a quarrel be-- tween Goering and the Reichsbank over the subsidising of exports. Goer- ing, it seems may be attempting to- force German finance into a subsidies policy by revealing something of Germany's true condition to the public.

----VERY-DOUBTFUL

doubtful It seems, however, very whether the financial situation would` permit of such a policy. The Econo- mist has recently drawn attention to- the vast increase of private capital issues in Germany since the outbreak of war. The total of industrial capital issues since the end of August consi--

600 million Reich- derably exceeds marks, including 500 millions for rail- ways, whereas in the whole year, 1938, private industrial issues only amount- ed 107 millions. The Economist points out that these developments are most important as showing that the exist-- ing reserve capacity of German indus- try is almost exhausted, especially as regards railway rolling stock and in Renewals, the electrical industry. replacements and extensions have been so long delayed that the diversion of extensive resources to large-scale capital works is now unavoidable.

YOU

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