1938-12-27 — Page 11

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IF

HONG KONG DAILY PRESS

Finance and Commerce

CHINA STILL HOLDS ABUNDANT SILVER

Analysis By Authority Of

Currency Situation

According to a statistical study, by Dr. T. C. Lee, a financial au- thority, in the "Financial Review," a semi-uffelal organ of the Chin- ese Ministry of Finance, the actual amount of silver held in China. after allowing for export shipments, consumption. hoarding, etc. is at present around $690,000,000. This has been arrived at after a stath- tical analysis of sliver movements to and from China since 1888.

JAPANESE TO RAISE IMPORT DUTIES

Chungking. Dec. 25. A Shanghal report states that the Japanese will increase Import duties on over 90 items in North China, beginning from January 1. Heavy increases will be made on plere gods, tobacco, leather, photo supplies and canned food.

Most of this amount of silver. Is stored outside of the Japanese controlled area, for the silver east- ward movement fortunately stop- ped, according to the author, and turned westward to the intertor shortly before the outbreak of the present hostilitles... fl

From November. 1937 to May: issue of 1938, the increase of Chinese currency amounts to some $102,000,000.

MALAYA GOLD

д

DISCOVERY

Rich Deposits

Revealed

What promises to be the most sensational gold discov- ery in Malaya is reported by body of prospectors who have been working in Pahang. Malaya, during the past months. Both alluvial and lede deposits

have been worked on this particu- lar location and the results have proved more promising than any that have yet been achieved.

Details have not yet been completed for large-scale working of the deposits which experiments have shown to be richer in comparison than any that have hitherto been worked in Malaya.

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The alluvial deposits, it is said. are particularly rich and easy to making a total work. The lode deposit is situated currency Issue of $1.705.320.000 a little distance from the alluvial Total sliver Leserve for ex-beds.

in America amount change

China

ACCESS BY BOAT

be

to U.S. $84,000,000, in November. 1937; but in June, 1938.

Where exactly the concessions The action is believed to be a

the again sold to the United States are situated is difficult to describe, retaliatory measure against

except by extension of credits to China by 140.000.000 ounces. making a total there being no access

But the journey may Great Britain and the United reserve set aside up to U.S. $84,000. river. States, as Imports of these two 000. This means that for the made to Kuala Lipis by train and countries will be most hard hit by months in this interim. there was thence to Batu Siput from which an out movement of US. $83,000, point one has to travel by boat up

the tributaries of the Lipis river.

the Increases,

نراد

German merchants in North China are said to have received about a week ago an advance list of these items.-Central News.

P.I. IMMIGRANT BONDING FIRM SUED IN COURT

The third of a series of civil

000.

war

The expenses for Chin's in this therefore, cannot be more than US. $50,000,000 monthly, the |writer declared.

Investigations have revealed. that the gold is there in suff- cient quantities to provide pro- fitable working for at least 15 years.

"China has shipped to foreign lands some 500 to 600 million dol-. Whether or not this will start a lars of silver, and as'a ́resuls the gold rush to Pahang, it is not cer- exchange rate of eight pence of tain. for" there is no secret about the Chinese currency can be main- there being gold in many parts of tained up to present," says Dr. Lee. Malaya. particularly in Pahang "Now. If China" can utilize a por-where one company has now been

But though "other prospectors have been successful in locating the precious metal. their results have not justifield a definite go- ahead step to form a company and get down to actual production...

complaints for the confiscation of tion of the remaining $690.000,000 etsablished for many years. bonds in the aggregate amount of silver. I can see no possible danger Pesos 300:000, led by bonding even after a further increase of companies for the provisional $200.000.000. in currency issue.", liberty of immigrants, mostly Chi- nese. was led last week in the Manila court of first Instance against the Visayan Surety and Insurance Company

scan-

REVISION OF TARIFF

CUSTOMS CHIEF'S

The bonding company was sued for Pesos 76,000, representing the release of 75 aliens who have jumped bond in anticipation of

ATTITUDE deportation in connection with the immigration division

Chungking. Dec. 25. dal. The company was named de- S Frederick Maze. Inspector- fendant in another complaintGeneral of Customs, has intimated which was filed last

for that he will not recognise any re- the confiscation of bonds fur-vision of the tariff by the Japan- nished by it to 18 Chinese imm-esc, according to a Shanghai mes- grants amounting to Pesos 16,000. sage.

month

WELL PROTECTED These particular concessions are well protected as far 23. any possibility of encroach- " ment is concerned, but it is understood that those who hold the option for, the land are willing to allow other pros- pectors to come into their ter- ritory on their agreeing to cèr- tain financial details..

Certain interests in Perak have. In fact, taken over prospecting

The Yek Tong Lin Fire and Foreign business circles In rights from a group of Singapore

Company Marine Insurance

was Shanghai are paying close atten-businessmen, and prospecting is also sued for the same cause by tion to the matter. Opinion is proceeding apace on the conces- the P. L. Government, which seeks gaining ground that since Japan tons.

to recover from the frisurance intends to dominate the Far East,

firm Pesos 19.500, representing the only effective measure to pro-

bonds furnished by it for the tem-tect foreign Interesta in China is The Jute Trade Board of Britain Dorary residence of 19 Chinese to extend joint assistance to instructed a committee to form a Immigrants and another foreigner. China.Central News.

CHART OF BRITISH

SHIPPING

A large chart has been prepared

by the Admiralty showing the position of British merchant ships

of 3,000 tons gross and upwards on November 24, 1937, whether in har- bour or at sea.

scheme for holidays with pay.

London's Water Supply

Important Works On Hand

The chart shows that Ont the date mentioned 1,545 British mer- chant ships were at sea, while 224 other British vessels were afloat, Including coasting vessels and ships employed on the Great Lakes and in rallway services. There were 705 vessels in harbour. In- Great Britain has always led the been increased to 05 reservoirs cluding 287 in the British Isles, way in this matter of quality, and having a total capacity of 341,800.- giving a total of 2.476 ships. her reputation in it is largely due 000 gallons.

Before the microscope revealed the countless enemies of mankind which may multiply unceasingly and unseen in many waters, the pro vision of water in adequate quantity was the chief pre-occupation of the supplying corporations. Nowadays the qulity of the water is re- garded as equally, and from some aspects more, important.

:

The chart. which is accom-to the Metropolitan Water Board, As regards purification, there panied by a tabular statement of which. over an area of 578 square were before June, 1904, 137 slow imports of the chief commodities miles, provides

wuter of irre sand filter beds. At the end of during 1937. is published by the proachable quality and in copious March, 1938. there were 169, but it Stationery Office at 3s. 6d quantity to the homes of some 8-is important to note that these lat-

600,000 people.

ter are supplemented by 83 pit- What this supply amounts to tomary filters and 12 mechanical use the Board's own. Illustration, filters, which apparatus was not in may be the daily emptying of an existence at all in 1904. Imaginary canal 10 it, wide by 3

MINISTERS' TRIPS

ABROAD

The visit of the Australian trade ft. deen extending from the Clyde delegation this year to London and to the Thames, or, in more prosaic

'. NOT POLICY OF BOARD

It is not the policy of the Board, Washington to discuss the Ottawa terms, the consumption of 381,000,- however, to content itself with past agreement revision" will cost the 000 gallons per day. This parti-achievements, and at the present Australian taxpayer about 17. cular figure is the actual amount time it has in hand Important 000, according to 'unofficial strecorded on June 21, 1938.

works involving an outlay of round mates made by Socialist politi-

about 6,000,0001.

clans,

Typical data of the growth of

The schemes include the re- Since the Lyons Government as the Board's activities since it took sumed office in 1932, it is stated, over 34 years ago are illuminating. modelling of the Hampton water- trips outside Australia by members Before June, 1904, there were 44works, and the construction of unfiltered water.three large storage reservoirs, one. of the Ministry have cost £74,000 reservoirs for

to date, and the bills are still with a capacity of 4,115,700,000 in the Lee Valley and two in the coming in. In the Bcullin--Social-gallons.

Ist-Government's term-1930 to 1931-Ministerial trips cost only

ENORMOUS FIGURÈ

Thames Valley; which reservoirs will increase the available storage by 11,600,000,000 gallons, that is.

£17,390, the most expensive being At March 31, 1938, the capacity 50 per cent. of the present storage that for the 1930 Imperial Con of the 48- existing reservoirs had accommodation. ference, costing £8,170.

reached the enormous Agure of 10,- Two new water mains," one 17

In contrast, the 1937 Imperial 055,300,000 gallons. Taking the miles in length by 42 in in dia- Conference and Coronation dele-jsame two dates, the number of 75 meter, and the other 18 miles long. gation cost £12200 for the 13 per-service-reservoirs with a total ca-part 80 in. and part 48 in. In día- sons in the party.

pacity of 244,500,000 gallons, has meter, are also included.

FINANCE

£750,000 A YEAR FOR POULTRY INDUSTRY

Government's Plan To Aid Research

The Government has practically completed the draft of the new bill dealing with the poultry in- dustry.

Under it the Exchequer will be prepared to find between £500,000 and £750,000 annually to carry out same of the proposals.

The problems are such, however, that there may be some delay in placing the measure on the Statute

Book.

The draft form of the bill has not yet been agreed to by the various advisory bodies and prü ducers organisations which have been consulted.

[

The bill will seek to set up a permanent Commission to deal with the marketing of eggs and poultry. This Commission will consist of probably not more than seven members and, while gulating marketing, will attempt to standardise grades and establish systems of control over the whole poultry-breeding industry.

re-

ATTACK ON DISEASE Other provisions in the bill will probably include:

Regulation of Imports

registration DI 8.11 Compulsory

breeders of stock and producers. of hatching eggs and day-old chicks.

A grading scheme, under the con- trol of the Poultry Commission. for all breeding farms prepared to co-operate.

Some form of subsidy for breeders producing the higher grade of stock.

all Free veterinary service for

poultry farmers and the estab lishment of a testing station and and a poultry research station. tn be supported by a special grant.

Reorganisation of the methods of conducting auction and disposal sales involving higher standards of inspection and hygiene.

It will thus be seen that the bill will place special emphasis bn the need for reducing the incidence of disease.

In regard to marketing. long- term loans may be made available for producers who wish to co- operate in creating egg and' poul- try packing stations.

Assistance may also be offered to stations wishing to erect cool storage plants to hold back ad- ditional supplies in glut seasons and preventing disastrous falls in wholesale prices.

GERMAN TRADE HARD HIT

Chungking. Dec. 25. German merchants recently held

a meeting, to discuss measures against the Japanese trade mono- poly in occupied areas in China. according to a Shanghai report.

German trade is understood to have also been hard hit in these areas. Owing to Japanese dump- ing. there has been a specially heavy slump in the marketing of German dyestuffs, and construe- tion materials-Central News.

Estate valued at 2531,577 (n.p. £574.766), on which estate duty of £195.757 has been paid, was left by Mr. Albert Magnus, Fry, of Sion Hill, Clifton, Bristol, a for- mer director of J. S. Fry and Bozis Ltd.. chocolate and cocoa manu- facturers.

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TUESDAY, DECEMBER 27, 1938. --PAGE 11

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LAMMERTS' AUCTIONS

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Conunencing at 2.30 p.m.

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A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE,

Comprising:

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ON

FRIDAY, the 30th DECEMBER, **1938,'

Commencing at 2.30 p.m.

At their Sales Room, No. 35, Hankow Road, Kowloon,

A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE

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Office Furniture, Carpets and Rugs, Ornaments, - Cutlery, Crockery, E. P., Brass, Glass and Porcelain Ware, Electric Table Lamps and Heaters, Pletures, Clocks, Gramo- phones and Records, Cooking Utensils, etc., etc.

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OCTOBER

THE MAGIC OF THE WINE CHINESE GUERRILLAS:

CHINESE GUERRILLAS OF THE PAST

GUERRILLAS TO-DAY

MASS EDUCATION MOVEMENT OF HONAN PROVINCE

INTRIGUES ON THE ROOF OF

'THE WORLD

SOME OBSERVATIONS ON THE WINTER BIRDS OF FELHAI PARK, PEKING

CHINA'S ECONOME AND FINÁNDE WAR ORPHANS IN CHUNG-KING

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