1938-05-27 — Page 11

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LONDON

GAZETTE

TUESDAY, MAY 17

ADMIRALTY, MAY 9 R.N.

GENERAL

TRADE PROMISE SHATTERED BY FAR EAST WAR

Mercantile Bank Annual Meeting

The Chairman said:-

The trade of Shanghai dropped from 394 million Chinese dollars in the last five months of 1936 to 170 million dollars in the corresponding

The 45th annual meeting of the fall of them came through an- shareholders of the Mercantile scathed, but business of 'course, was Act. Paymr. Sub-Lieut. R. M. P. Bank of India. Ltd. was held at carried on only under the greatest Allenby to be Paymr. Sub-Lieut.

Winchester House, Ola Broad difficulties. with seny, of Feb. 5.

Street, London, on March 29. Slr Proby. Sub-Lleuts, to be Sub-Charles A. Innes. K.C.S.I., C.LE Heuts with seny, ás stated:--R.

(Chairman), presided,,, Carpmaet (April 1, 1937); J. N. Bathurst, J. Smallwood, J. Whitton, J. C. N. Shrubsole, G. R. Grocock, AL. Harper (April 11, 1937); A Gregory. R. C. Watkin, D. P. W. Edwards. J. H. Shears (May 1, 1937).

Cd. Ounners to be Lleuts.s.million sterling in Loans and Ad-

The recent imposition by the Avery (April 24); J. Bunce (April vances.

Our allocations to the Chinese Government of Exchange 26).

Pension Fund, the Premises Ac Control added to the difficulties of MAY 19

count and Contingencies are the the situation. That control, as you R.N.

same as last year. "

will have seen, has within the last Lieut.-Comdr. E. G. Heywood- The Agure which doubtless in-day or two temporarily broken Lonsdale transferred to Emergy. terests you most is the athount of down. I can say nothing of the List (June 28, 1937),

net profit for the year. This is future except that with a return Comdr. Engr. R. Oats: R.D., about the same as last year in spite to normal conditions we are well placed on Retd. List with rank of jet our having had to provide fox equipped to resume, our increasing National Defence Contribution for share of Bnancing the trade of nine months. You have heard so Shanghai, and that past experience The following Proby. Lts. are much of the recovery of trade that shows what astonishing powers of confirmed in the rank of Lt. with some of you may have expected a recuperation Shanghai has. But seny. Oct. 1, 1937:--P. W. C. Hell-larger tigure" of profit. But the trade cannot recover until the war ings. R. D. Crombie. J. N. Congdon. Bank is an Exchange Bank mainly ends, and unfortunately there are

MAY 11"

engaged in the financing of East-no signs of an early termination B.N.

ern trade, and it is well known that at the struggle." the recovery of foreign trade has lagged behind that, of Rome trade. Moreover we had special difficul- ties in 1937. The year Indeed be- gan well In the first three

You will notice in the Balance months of 1937. It is even less Sheet that our deposits are up by now, for with Shanghai.surround- ed by Japanese forces, no com- £1,350.000 compared with last year.munication is possible with the and that on the other side there has been an increase of about one virtually at & standstill

hinterland, and export trade is

Lieut. (E) (April 15).

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Surg. Lieut. J. A. Page, M.B.. B.Ch., to be Burg. Lleut.-Comdr (May 11).

MAY 12 R.N.

HONG KONG ROOM

The effect of the China-Japanese war was to increase the trade of Hang Kon The gross value of the foreign trade. in merchandise

Cd. Gunt. J. Penman placed on months trade was active in most increased from $803 million in 1936 Retd. List (May 12).

R.M.

1

to $1,084 millons in 1931. The in-

of the countries in which we Proby, Sec. Lleuta. S. Armour to operate, and indeed by March trade crease was partially due to the fact

conditions in some of them had al- most begun to approach the dimen-

be Actg. Lieut. (May 12),

MAY 14 B.N.

Lieut. H. J. Taylor placed on Retd. List (May 14).

MAY 16 R.N.

Engr. Comdr. H. H. Carter placed on Retd List with rank of Engr. Capt. (May 16).

Sub-Lieut. (E) B. Goddard to be Lieut. (E) (May 16): Sub-Lieut. E) H. J. C. Richardson to be

Lleut. (E) (May 16).

WAR OFFICE. MAY 17 Col. (temp. Brig.) M. H. Dendy. D.S.O., M.C... late RA.. is apptd. AD.C. to The King (April, 1), vice Col. (temp. Brig.) E F. Norton. D.8.0., M.C.. late R.A.

REGULAR ARMY® COMMANDS AND STAFF

Lt. J. E. Benson, Black Watch, relinquishes Spec. Appt. (C1. GG) (temp. (May 12).

sions of a boom. But the second half of the year did not fulfil the promise of the first.

FIRST SETBACK

that much

cargo Intended for Shanghai WES landed at Hour Kong from China, local industries were benefited, and retail trado improved.

We have had a reasonably good The first setback was associated year which would have been better with what is usually known as the had it not been for the untoward gold scare in the spring. Then events to which I have referred, in August followed the invasion of and the prospects for the coming China by Japan. You can readily year are not quite so encouraging imagine how this war disorganised as they were a year ago, particular- the trade of China, and its reper-terioration of the political situation ly in view of the recent grave de-

cussions were felt in almost every country in which we are establish-in Europe. But there is no need ed, particularly India and Malaya. to take the rough with the smooth, for pessimism. We have learned Finally there came in the autumn and I think I can say with some the quite unexpected recession of trade in

confidence that thanks to the sup- the United States of America. The effects of this reces-afforded the Board. your Bank is port which you have consistently

sion were world-wide, but America

so dominates the market in such in a strong position.. commodities as rubber and tin that nowhere

were they

with greater severity than in countries, The follg. appts, are made:--Maf like Malaya.

P. Booth. Oxf, and Bucks, LJ., frum

|

With particular reference to the

Staff Capt. 2nd Div, to be G.S.Oposition in China, the Chairman 3rd Grade, 8.W. Ares (May said: Capt. G. M. Elias Morgan. The Queen's R.. to be 0.8.0., 3rd Grade, War Office (temp.) (April 11 Capt. I. G. G. 8. Hardie, R.A., to be Capt. Instr. in Gunn, E. Comd (Apai 251; Capt. D. L. C. Reynolds. Welch R. to be Staff Capt.. Office (temp.) (May 13).

ROYAL REGIMENT OF ARTILLERY

I am afraid that I cannot paint! a very cheerful picture of Shang- hat. It is true that the value of the port in 1937 at 913 million Chinese dollars was only a million dollars less than in 1936, while the Wartrade of China as a whole was!

actually greater in 1937 than in 1938. It increased from 1.547 million Chinese dollars to 1,792

Maj. D.O. W. J. Ball, M.B.E., to millons." be Lt-Col. D.0) (April 10).

These are astonishing figures. The folg. Majs. are restd. to the They are due of course, to the fact estabt.-G. N. C. Martin, D.8.0., that there was a remarkable ex- M.C. (April 22); R. B. Peters (May pansion of trade in the first seven 16); E. S. G. Howard, M.C. (May) months of the year. By the end of July imports had increased by Capt. I. G. G. S. Hardie is secd. nearly 37 per cent, and exports hy" while holding the appt. of Capt. 45 per cent.

17).

+

Instr. In Cunn. (April 25): Capt.

A. J. Daniell remains secd, for sery.

on the Staff (May 1): Lt. J. F.

- CHINA'S 'STABILITY

The year indeed opened under

Bassett is aecd. while empld, as an the most favourable conditions. Instr., Anny Signal Sch., India (May 15).

ROYAL CORPS OF SIGNALS Lt. D. White is restd. to the estabt. (May 15).

INFANTRY..

R, North'd Fus. Mal. J. H. Hogshaw, M.C., to be Lt. Col. (May 10) Capt. J. O. Byrne. M.C., to be Maj. (May 10); Capt. K. O. N. Foster is restd. to the estabt. (May 10) Lt. A. L. Forster resigns his commn. (May 18).

R. Berks. R-The follg. Lts. are secd.-F. J. W. H. Moore for ser with the Burma Def, Force (March 8); W. G. La T. Cockraft for serv. under the Colonial Omice (March 30): Sec. Lt. R. A. Davies to be Lt. (May 15)

N. Stafford R.Lt. T G Lyons is seed, for serv, under the Colonial Office (April 27).

BOTAL TANK CORPS Maj. (Qr.-Mr.) T. A Gadsby to be Lt.-Col. (Qr-Mr.) (May 6).

ROYAL ARMY SERVICE CORPS Lt. E. C. Netherton to be Capt. (April 4)..

ESTABLISHMENTS Sen. Off. Bch-COL R. L. Petre. D.B.O., M.C., to be Comdt.. and granted the temp. rank of Brig. while so empid,thday 7).

Trade was booming, crops were promixing, revenue was increasing and China's currency and finance

was

had been placed on a much better footing. The Government firmly established in Nanking, and with its authority extending to all but the most remote parts of the country, there was a degree of unity hitherto unknown. The Shanghai Stock Market, which had been through a long period of de- pression, was moving steadily up- wards, and on every side there were unmaistakable signs of Industrial recovery and trade expansion.

Then came the tragedy, of the Japanese Invasion of China The first rumble of war occurred in the North, but hopes of a peaceful settlement were not dispelled tul aghting broke out round Shanghai on August 13. Fighting continued in parts of the Bettlement and

when finally the "Chinese were round Shanghạ! until November 10,

driven from all surrounding areas. our chief anxiety being for the This was a period of great anxiety.

safety of our Staff and their families in Shanghai, Fortunately

of

LOCAL HEALTH The M. Coll, of Science-The

During the 24 hours ended mid- folly. Maja. relinquish the appt. of night Wednesday six cases. Sen. Instr. (CL. BB)--R, B. Yeters, measles, four cases of cerebro- R.A. (May 18) E 8.0 Howard, spinst meningitis, two cases 01. M.C., R.A. (May 17).

enteric fever and one case each, of B.A.V. Sch; and Sch. of Farriery cholera and small-nox were re- Lt. Col. G. E. Tillyard, OBE.. ported to the local health an-

(Continued on Back Page). thorities.

Maldon.

Mr Howard Hording

FRIDAY,

SAY

MAY 27, 1938. -PAGE 11

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