1941-05-20 — Page 13

HONGKONG & SHANGHAI

BANKING CORPORATION.

Authorised Capital

..$50,000,000

Issued and Fully Paid-up...$20,000,000 Reserve Funds:-

Sterling

Hong Kong Currency Re-

Liability of Pro-

scrve

.£6,500,000

$10,000,000

Reserve

.$20,000,000 prietors

HEAD OFFICE: HONG KONG.

BOARD OF DIRECTORS1 ilon. Mr. J. J. Paterson, Chairman,

W. H. Lock, Esq.. Deputy Chairman.

J. K. Boufald, Eng., A. H. Compton, Esq.

Davies, Ext.

0. Miskin, Esq.,.

K. S. Morrison, Esq., Hon. Mr. T. E. Poarce,

Hon. Mr. 8. H. Dadwell, Hon. Mr. A. L. Shields, Sir Vandeleur M. Grayburn

Baravis

Chief Manager,

BRANCHES:-

Ainoy

I pok

Bangkok

Johore

器引きする

Bombay

Kowloon

Calencia

London

1.

Malicem

Masilla

Contou Cheloo

Colombo

Dairen Joochow

Haiphong How Harbin

Botto

Rangoon

Saigon

San Francisco

Stanghal

Kuala Lumpin Singapore

Sourabaya

Sangor Pabani

Swaloy

Tintin

Muar (Jobore) Tokyo

Mukden

New York

Priping

Penang

Tsingtao

Yokohama

CURRENT ACCOUNTS opened Local Currency and FIXED DEPO. SITS received for One Year or shorter periods in Local and Other Currencies

quoted which will be on terms application.

оп

SAFE DEPOSIT BOXES of various sizes To Let.

TRUSTEE and EXECUTOR business undertaken,

Hong Kong. 26th February, 1941. HONG KONG SAVINGS BANK.

The Business of the above Bank is conducted by the HONG KONG AND SHANGHAI BANKING CORPORATION, Rules may be obtained on application. AND THE

KONG HONG FOR SHANGHAI BANKING CORPORATION.

V M. GRAYBURN,

Chief Manager. Hong Kong. 1st March, 1937.

THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA.

Incorporated by Royal Charter, 1853.

Paid-up Capital Reserve Fund

Reserve Liability of Pro-

prietors

£3,000,000 £3,000,000

£3,000,000

HEAD OFFICE: LONDON: 38, Bishopsgate, E.C.2. 117/122, Leadenhall Street, E.C.2; West End Branch:

14/16, Cockspur Street, S.W.1. Manchester Branch:

52, Mosley Street, Manchester, 2

AGENCIES AND BRANCHES:

Sonkew Hong Kong liotlo,

Alor Star Artist

Bangkok

Batayin

Bombay

chi

Unlentia

Klang

Kobe

Agences !

Penang

Batigood

Saigon Seremba

Shanghai

Singapore

Sitlawoo

In the first stage the enemy sent armed Anson aircraft of a Train-coustal aerodromes, were virtually

Whether he in- out of action. over massed formations of bom- Ing Command.

Perhaps he bers escorted by similar forma-tentionally rammed the enemy will under the impression that inland tions of single and twin-engined never be known, for both aircraft aerodromes, factories and other in- Aghters Bombers were for the fell to the ground interlocked and dustrial targets would not be as On the stoutly defended. It is more pro- most part Ju. 87s (Dive-Bombers) there were no survivors. with a smaller quantify of He. 18th August, in an evening attack | bable, however, that he merely 15. Do. 17s and Ju. 888. Fighter on the Thames Estuary, one squa- gave the order for the second part escorts flew in large unwieldy dron alone of thirteen Hurricanes of the plan to be put into opera- and disregarded the failure formations from 5,000 to 10,000 ri. shot down, without loss, an equal tion above the bombers where the number of the enemy in 50 of the first part -- either cell- protection they

berately or because he had no afforded was not minutes. very effective. Using these tacti- In ten days since the opening of alternative. In this next stage cal formations

attack on the enemy made the

attacks August, diversionary

against twenty-six attacks during this

different parts of the country be- The main first stage. He began by renewing

came less frequent. his assaults on our shipping. I

attacks were now delivered on a nay well be that this was still

wider front. The enemy's tactics regarded as the most vulnerable |

were also changed. The number form of target und easiest to at-

of escorting fighters was increased tack, for not only are slow moving

and the size of bomber formations ships difficult to defend, but cas-

The reduced.

covering fighter ualties among pilots of defence

screen flew at very great heights. are always higher when actions What had he hoped to achieve? Enemy bomber formations were are fought above water, He may Examination of the attacks shows also protected by a box of fighters, also have wished to test the he began by trying to destroy some of which flew slightly above strength of our general defences. shipping and ports on the South the flank or in the rear, others Success against these would augur | East und South easts between, slightly above and ahead and yet well for the next stage At any North Foreland and Portland. This others, weaving in and out be- rate on the 8th August two con- preliminary test must have shown tween and under the formations voys were Bercely attacked, one him the strength of our defences. of bombers. This type of forma- of them twice. Sixty enemy air Nevertheless, he proceeded with tion succeeded on several occa- craft in the

morning and more his plan and next directed his sions in breaking through the for- than a hundred soon after midday, attention to Portland and Ports-ward screens of our fighter forces deployed on a front of about, mouth Whether these objectives by sheer weight of numbers and

their twenty miles, tried to sink or dis-

objectives were too tough for him or whe attaining

numerous casualties had DETSC at curvoy off the Isle of ther he thought four heavy attacks after Wight. They succeeded in sinking upon them had accomp ished his been inflicted. On other occasions two ships. In the afternoon at object, he turned away to deliver smallish formations of enemy long! 4.15 more than 130 appeared above assaults on Fighter and Bomber range bombers deliberately left! another convoy off Bournemouth. Aerodromes, mostly near the coast, their fighter escort as soon as it This they were able to disperse Throughout this first stage the had joined battle and proceeded but they lost fairly heavily in tactics he followed were usually towards

or South-West doing so.

unaccompanied. The enemy renewed the, to open his attack on objectives London

They assault three days later, choosing near the const in order to draw off suffered heavy casualties when as his targets the towns of Port- our fighters. These feint attacks engaged by land and Weymouth as well as were followed thirty or forty fighters. convoys in the Thames Estuary minutes later by the real attack Having thus altered his tactical and off Harwich. In these attacks delivered against ports or formations, the enemy proceed to he relied greatly on dive-bombers aerodromes on the South Coast deliver some 35 major attacks be- which proved no match for our between Brighton and Portland. tween the 24th August and 5th Hurricanes. Neverthe ess, some The chief problem created by September. His object. as has damage was done both in Portland these tactics was to have sufficient | been said, was to put out of action and Weymouth. This may have number of fighters ready to engage | inland fighter aerodromes and air- encouraged him, for on the 12th the main attack as soon as it could craft factories. He did not, how- August, in the early morning, he be picked out. Squadrons at forever, disdain purely residential launched about 200 aircraft in ward aerodromes had to be in in- districts in Kent, Thames Estuary eleven waves against Dover.stant readinessa but had at the and Essex. These could in Shortly before noon, 150 more same time to be protected from case be described as of military enemy planes attacked Portsmouth bombing or machine-gun attacks. importance. and the Isle of Wight. By this Only on one decasion was a squa- time, German losses were already dron machine-gunned while re- very considerable, for 182 aircraft] fuelling at a forward aerodrome had been destroyed,

and this happened because On the 13th and 15th attacks on protective patrol had not been Portsmouth were renewed and in maintained overhead during the

Turnover on the London Stock some of them, notably that which

CURRENT ACCOUNTS opened and small,

One FIXED DEPOSITS received for began soon after 5 p.m. on the Generally, the enemy attacks

Exchange yesterday

Local or 15th between 300 and 400 air-

with price movements confined to year or shorter periods in were countered by using about

limits. Gilt-edged were Other Currencies at rates which will craft were employed. The enemy half the available

squadrons to

easier on the switchover of inter-be quoted on application, was by now beginning to realise deal with enemy fighters and the Several areas in Essex came est towards the London war sav-

SAVINGS ACCOUNTS also opened m that our fighter force was consi- rest to attack the enemy bombers for attention. There

Foreign bonds Local Currency and Sterling with in- derably stronger than he had which flew normally at from fighting over the North Foreland, ings campaign,

were steady except for Spanish 4terest allowed at rates obtainable on imagined. It was evidently time 11,000 to 15,000 ft. descending Gravesend and Deal. At 6,45 p.m. to take drastic action. Our figh-frequently to 7,000 or 8,000 ft. in

on the 24th, 110 German bombers per cents which lost 2% to 22%. application.

The Bank's Head Office in London ters must be put out of commis-order to drop their bombs.

Our and fighters met a number of our Home ralis recorded useful gains. sion. Therefore, while still main-nghter tactics at this stage were squadrons in

the neighbourhood Industrials featured improvements undertakes Executor and Trustee busi- taining his attacks on coastal to

deliver attacks from of Maidstone but turned and fled in iron and steels, shippings and ness, and claims recovery of Britain

textiles. Wall Street

dull Income Tax overpaid, on terms which may be ascertained at any of the towns, he sent large forces to deal astern

Me.110s. before they could be engaged. Me.109s, on

but steady.Reyter. with fighter aerodromes in South This

to The next day he returned

Agencies and Branches, type of attack proved and South-East England: Dover,'

and effective because these air- Portsmouth

Southampton Deal, Hawkinge, Mart'esham, craft were not then armoured. where, once again he achieved no Lympne, Middle Wallop, Kenley, The success of our fighter tactics success. The main attack, deliver- Biggin Hill, were heavily attacked, at this stage can be gauged by ed at 4 p.m., went astray. A large

of them many times.

the 562 alrcraft known to have been A

comparison between our losses in number of bombs fell into number of the enemy penetrated pilots and those of the enemy:- sea. Heavy assaults were also destroyed. Our own losses were 219 132 of our pilots ratios about seven to one and they made in the Dover and Folkestone aircraft, but

and above the Thames were saved. might have been even more strik- area ing if so

and Kent. These con- much of the fighting Estuary

During these twelve days, our had not taken place over the sea. tinued with a luil of one day until own tactical dispositions were al- the 30th August. That day and tered so as to meet the changed the next the assault was switched form of attack. The effect of this Attack On Inland

to inland fighter aerodromes, 800 was to cause the enemy to be Aerodromes

aircraft were used in a most de- met in greater strength and far- a cost which even Goering must

termined effort to destroy or tem-ther away from his inland objec-description of banking business have regarded as excessive. On Between the end of the first porarily put out of use the acro- tives, while such of his aircraft as transacted.

this Current Accounts and Savings that day, 15th August, 180 Ger- stage and the active beginning of dromes at Kenley, North Weald, were successful in eluding man aircraft are known to have the second, there was, as has Hornchurch, Debden, Lympne, forward defence were dealt with Accounts opened. Fixed Deposits been destroyed. Since the open- been said, an interval of five days Dettling. Duxford, Northolt and by squadrons. farther in the rear. received at rates which will be ing of the bat le, he had now lost which were spent by the Germans Biggin Hill

The heavy task of the defence quoted on application. .472 aircraft. Nevertheless, he st'll in widespread reconnaissance by

Safe Deposit Boxes for hire. opening of September can be realised by, the fact that this

PHILIP GOCKCHIN, returned to the charge, throwing single aircraft some of which in- showed little, if any, falling off in in these first two phases,

Chief Manager: in between 500 and 600 aircraft on dulged in spasmodic bombing of the assaults of the enemy. There great battle from the 8th August. the 16th August and about the aerodromes. These operations were three heavy attacks on the 5th September inclusive, no fewer same number on the 18th, Roches- cost them 39 aircraft shot down. 1st September, five on the 2nd, than 4,623 fighter patro's, of vary- fer, Kenly, Croydon, Biggin Hill, Our losses were ten aircraft, but one on the 3rd, two on the 4th and ing strength in aircraft, were

5th, Manston, Westmalling, Gosport, six pilots were saved..

One of the attacks on the flown in daylight an average Northolt, Tangmere, were the During this lull, Goering 2nd got to within ten miles of of 150 daily. main targets. His losses were evidently decided that a change of London, but most of them were again very heavy. On those two objectives was necessary. Perhaps once again directed against fighter days 245 aircraft were shot down, he thought that he had achieved aerodromes. "This was the last One of them, a Heinkell 111 fell the necessary results and that of 35 main attacks delivered. in to a Sergeant-Pilot flying an un- Portsmouth, together with our this phase. They cost the German

some

as far as Croydon,

German Losses Run Into Hundreds Of Aircraft

Once more the Luftwaffe did a certain amount of damage but at

process,

the

800 Aircraft Attack Fighter Aerodromes

ΠΟ

the From

24th to

29th the August, he still showed interest in Portland, Dover and Manston, all were heavily attacked, of which He added other targets

as well,

The

was

in

Berce

model bred in sledi ni.

SMALL TRADING ON STOCK MARKET

narrow

was

was

TO BE CONTINUED TO-MORROW

Clive Street Kuala Lumpur Saurabaya Failia Place Kinching

Taiping

Слабод

Madras

Tinuin

Cawnpore Cebu

Manlia

Tongkah

eunn

(Bhuket)

Colombo Delhi

New York

Tringtoo

Pelping

Yokohama

Haiphong

(Peking)

FOREIGN EXCHANGE and General Banking Business transacted.

W. H. EVANS THOMAS,

Manager.

THE WING ON BANK, LIMITED.

Head Office: Hong Kong. 26, Des Voeux Road, Contral Authorised Capital $10,000,000 LONDON BANKERS:—— Westminster Bank, Ltd. Foreign Exchange and

every

The China Mail

GETS INTO

THE HOME "Eariloat with the Lat