DIFFICULT YEARS FOR
CHILDREN
It's when children start to shoot up suddenly that they need your special attention. Children who are growing fast often tire easily, get pale, listless and do poorly at school.
The trouble is that children have a double job of work to do. They use up energy in work and play and at the same time they are growing!
Doctors and nurses have re- commended Horlicks for years for children who need this extra energy. Horlicks moreover builds sturdy bone and muscle. You'll find that paleness disappears, and school-work improves. And the children seem to gain endless energy and "go." Get Horlicks to-day.
(4)
•
THE CHINA MAIL, MAY 20, 1940
NANKING PUPPET'S FINANCE PLANS
Chungking, To-day.
THE GROWING NIGHTMARE of Wang Ching-wei's “Fin- ance Minister," Chow Fu-hai, is described by Mr. Tao Hsi-sheng, exposer of Wang's sell-out agreement with Japan, in a signed article just released.
All Chow's financial plans, Mr. Tạo said, were founded on the ridiculously childish conception of "borrow money, open bank, and issue notes." His scheme for a "New Central Bank," based entirely on this triple jugglery, was made over a year ago, long before the Nanking pup- pet regime was inaugurated and he made its financial chief.
has
About two, hundred wounded and sick soldiers have arrived at a Kent-hospital and are now begin. ning to settib down. Photo shows some of the "casualties" enjoy a sing-song soon after their arrival. (Copyright, Fox).
Now this grandiose scheme 'remains | Federal Reserve Notes in North China
while Chow is tumbled to a new low and on paper, because
the anxious to borrow, the Japanese are tobogganging was checked only by not at all disposed, or have not the frantic denials of these rumours by money, to lend.
the Japanese. Chow's plans, furthermore, com- The total amount of Federal Re- plicated the financial problems in serve notes issued in the North, ac- the North. In February last, when cording to the "Tokyo Asahi," it was rumoured that Wang Ching-now reached $500,000,000, with their few wei's regime would issue notes, circulation strictly limited to a
larger Japanese occupied cities and towns, as against the total amount of $300,000,000 of legal tender notes in circulation before the Lukouchiao incident in the whole of North China.
Left to itself, the condition of the day: Federal Reserve notes would rapidly worsen, but with the added possibil- ity of a new currency to disturb its tottering credit, the situation would at once become intolerable.
Referring to the Hwa Hsin bank notes, Mr. Tao points out that these notes are similar to the customs gold unit, and because of the negative de- lationary policy adopted, do not com- mand important influence in the market.
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OUTWARD: for SHANGHAI-NEXT SAILING:
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Queen's Bldg., Ground Fl., Tel. 32982
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Parity Demand
1
In Shanghai, the nerve centre of the national finance, the question for Wang Ching-wei's finance juggler is not the issuance of a different kind of paper currency, but how to get new currency accepted by the Chinese and foreign banks, and here Chow Fu-hai is up against a definite impasse.
Wang Ching-wei and Chow Fu- hai have demanded parity with the Japanese yen. But this is mere wish- ful thinking, nominal, parity would be useless, while actual parity would merely bring new pressures to bear and drag the yen down.‚—— Central News.
AUSTRALIANS NOW IN PALESTINE
Jerusalem, To-day.
A contingent of the Second Austra- lian Imperial Force arrived in Pales- tine yesterday morning at the conclu- sion of their 10,000-mile journey.-- Reuter.
LOCAL SHARES
Following is the list of changes and enquiries in local share quotations to-
DOCKS, WHARVES, GODOWNS. ETC.
H.K. Docks cum Rts. $21 s. HK. Docks Rights $81⁄2 s.
LANDS, HOTELS & BLOGS, H.K. Lands $35 b., $35 sa: Humphreys $8.sa.
HK. Realties $44/4.20 sai
PUBLIC UTILITIES Star Ferries $60 sa.
China Lights (Old) $7.30 s., $7.20 sa. China Lights (New) $4% sa...... H.K. Electrics $63 s.
MISCELLANEOUS Entertainments $7 sa. - H.K. Govt. 4% Loan 102
LAST DAY'S SALES
2 HK. Banks @ $1350 60 Unions @ $465 1000 Lands. @ $35 100 Realties @ $41⁄4 100 Realties @ $4.20 500 Lights (Old) $7.20 295 Lights (New) @ $4% 48 Star Ferries @ $60
b,
MANILA SHARES Antamoks Ps. .08% b. Atoks Ps. 131⁄4 sa. Baguio Gold Ps. .15 Batong Buhay Ps. .008 sa. Benguet Consol. Ps. 4.50.b. Big Wedge Ps. 14 sa. Coco Grove Ps. :061⁄2 sa, Consol. Mines Ps. .14 sa. Demonstrations Ps. .051⁄2 sa. East Mindanao Ps. .061⁄2 58.
·IX.L. Ps. 25% b.
Ipo Gold Ps. 08 b Itogons Ps. .161⁄2 b. Masbates Ps. .07 b
Mind. Mother Lode. Ps.....08% · sa. Mine Operation Ps. .06 sa.. North Camarines Ps. .025 sa. San Mauricio Ps. .50 b. Surigao Consol. Ps. 13 b. Suyoc Consol: Ps: .091⁄2 sa, United Paracales Pa. 16 b.
LOCAL DOLLAR
The demand rate on the Hong Kong dollar to-day was 1/2 27/32.
Silver was quoted at 23-1/2 spot and 23-5/18 forward.
The cross rate London/New York was quoted at £-U.S.$4.0250 and the
at New York/London. rate £-U.S.$3.22.4
STOOD ON GD. TO WED
With a sixpenny plece in her left shoe for luck, Miss. Eder Alice>Hobbs, daughter of ca- Stockton-on-Tees-con- tractor;-married a detective at * Arken- garthdale, North Yorks,
The bridegroom, Detective-Ser- geant Alec Howard, of the Metro- politan Police, met his bride Investigating a theft from-her
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