1939-02-28 — Page 11

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FINANCE

TUESDAY, FEBRUARY 28, 1939. -PAGE 11

Finance and Commerce PUBLIC AUCTION.

CHINA'S ECONOMIC,

COMMUNICATION

DEVELOPMENT

CHUNGKING, February 27 (Central)—Latest efforts of the National Government for economic and communication develop- ment are revealed by Dr. H. H. Kunt. President of the Executive Yuan, in a report.

In the economic field, according to Dr. Kung, the National Government is following a policy of extensive exploitation of na tural resources and increase of production. Several points of spe- çial significance are embodied in this policy:

SZECHUEN - FACTORIES

Fifty Resume "Operation

CHUNGKING (Central News By Air Mail)—The wheels of Chinese industries, clogged for some time past by Japan's des- tructive, aggressive war on China, are at present turning with greater momentum in the rear.

་

Most of the Chinese factories,

and therefore were obliged to sus- pend operations as war drew near the localities in which they were

situated

Under co-ordinated plans work-

THE Undersigned have received

Instructions from Professor

LAMMERTS' AUCTIONS

PUBLIC AUCTION.

instructions

TO SELL B

PUBLIC AUCTION

C. Middleton Smith, to sell byHE Undersigned have recived PUBLIC AUCTION, Dat his re- sitience, No. 1 University Path, on

FRIDAY. the 3rd MARCH. 1939.

Commencing at 10.30am,

THE WHOLE OF HIS VALUABLE HOUSEHOLD FURNITURE

Particulars from Catalogue

On VIEW from THURSDAY, the 2nd MARCH, 1939.

Terms: Cash on Delivery.

LAMMERT BROS..

First, regional economic plan- from the Yunnan-Burma Railways, ning and development is em-the Government is planning to phasized. As a preliminary step, build a line linking Kunming and before the was started, were con- the Tip (Suchow) near the Yunna vinces and inland waterway cities, centrated on China's seaboard pro- the Gernment has chosen Teklan and Minklang valleys in Szechwan border. Szechwan as the industrial belt There will also be an extension In this belt are found coal, petro-from Weining with Kwelchow leum and natural gas. Up till now. Yunnan boundary and along the an alcohol distillery, a power plant Kunming-Tipin line to Kwelyang and a onemical works have been whence it will be connected with established, walle a paper mill and Luchow in the heart of Kwangst a sugar refinery are under plan-In that case, the four southwestern provinces of Yunnan, Szechwan, Secondly,

harmonious com | Kwel/how- and Kwangsi will be ordination of state and private en-brought cicsely together. terprises is sought. The Gorein- Negotiations are also under way ment, on the one hand, has taken with a friendly nation for the cor- over communication and mining struction of a railway in the North- enterprises of vital importance to west national defence and heavy indus- In air traffic the projected Sino-" more than 50 of these trans- tiles and, on the other hand, is British airline is important. Ac-planted factories have now resumed PUBLIC AUCTION.

ning.

2

modifying the Corporation Law, cording to present arrangements,

out by the Ministry of Econo- mics, the majority of these fac- tories were removed to the rear before the enemy guns got too near, As a result, several hundred · fac-

tories of various industries, large from the war areas to Szechuen and small, have been transplanted

province.

-After months of preparation

fostering the growth of private in- Chinese commercial planes may ny operations in Szechuen, including dustries, and promoting co-operato Rangoon while British passen-four mills, oil and sugar renneries; newsprint, frön and steel factories,

tion between the state and private ger and mail liners may ay from machine workshops, electrical individuals all with a view to en-Rangoon to Kunming. At Rangon plants, and others. couraging private investments

passengers and mall will be picked RURAL ECONOMIC RELIEF up by British flying boats to Thirdly, ural economie relief in Europe. provided through the promotion of rural co-operatives, agricultural ex- perimental stations and the Farm Credit Bureau.

2

PRICES OF COMMODITIES

EXPERT GUIDANCE

Al these factories ате now operating under the expert gul- dance of the Commission for the Readjustment of Industries of |Mining of the Ministry of. Beono-

mics.

Meanwhile under the Resources

T

AUCTIONEERS.

ON

TUESDAY, the 28th FEBRUARY,

Commencing at 10.00 am.

At No. 11. Duddell Street

(Ration Buliding,, Room No. 4)

A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE.

On VIEW from MONDAY.

'the' 27th FEBRUARY, 1939.

·LAMMERT BROS..

AUCTIONEERS.

PUBLIC AUCTION.

THE

HE Undersigned have received

instructions

TO SELL BY

KEE Undersigned have received

instructions

PUBLIC AUCTION

to sell by

PUBLIC "AUCTION

WEDNESDAY, the 8th MARCH, 1939

Commencing at 9.30 am.

At Kowloon Naval Depot

After the Sino-Japanese hos- titles flared up, the Farm Credit

Commodity prices were on the Commission of the same Ministry, Bureau diverted its attention from the Lower Yangtze valley to the whole slightly ligher in December plans are being rapidly rushed for

Statist index the establishment in the near fu Southwest. In 1938 the Bureau according to The

number, which at 89.1 (1887-77ture of a large oil refinery to diverted its attention. from the Lower Yangtze valley to the South-100), was 1.9 per cent, above the undertake large-scale operations.

It is expected that in two or west. In 1938 the Bureau had es- number for November. The scaling

time the refinery i tabilahed 76 rural credit co-opera-down of iron prices, however, is not three months tives in the Southwest to which it taken into consideration, as they will operate in full swing, refining OLD AND SURPLUS VICTUALLING

oils into motor fuels, | has subscribed a capital of $7, became effective only on January Fegetable

1. The index for December was 8.4 lubricating and lamp oils. Its pro- 000,000.

per cent below that for the corres-ductive capacity will be 30,000 ponding month of 1937, and the gallons of gasoline, 10,000 gallons yearly average for 1938 at 81.4.com. of lamp all and 3,000 gallons of pares with 1028 for 1937, a decline lubricating oil monthly." of 11.1 per cent.

At the same time it had set up 49 grauaries with a storage. capacity for 100,000,000 picuis of farm products, invested $8, 700,000, on irrigation projects wblch сап irrigate 2,300,000 mow of farmland and pur- chased $1,100,000 worth of raw cotton, cotton yarn. cotton cloth and foodstuffs to meet the needs in the rear.

STORES

Comprising

Clothing, including Blankets and Serge and Ducks, etc. Remnants, how-Electro, plate, Cutlery and Table

The principal causes of the rise The food group as a whole, In December were sectional in jever, was 4.2 per cent, up. character, and the tendency of the The rise in the materials group bulk, of commodities was to main- [was far less pronounced, at 0.7 per tain the existing level, Among the cent. Minerals showed. A. decline on vegetable foods the rise in maize balance of 0.4 per cent., with coul In the field of communication was most prominent. other grains and lead weaker, and slight rises development two major improve-moving slightly upward, against s only in tin arid copper. The textiles decline in rice. In animal foods the section showed an improvement, ments are noted. In the first place, a Joint Land and Water trend was seasonably upward, the with most commodities, including biggest contribution being made by cotton, hemp, jute and slik ́higher, Transportation Committee has been inaugurated to control war-the jump in pulces of Dutch butter but the decisive influence was the and Danish bacon Bugar was sudden rise in the price of flax on time traffic.

Among better, on restriction prospects, but the Russian restriction.

In the second place, the Govern- ment had laid out a railway net- work for the Southwest. Aside

OIL DISPUTE IN MEXICO

New Formula To Be Submitted

WASHINGTON, Feb. 27. (Reuter) -A new formala for the settle- of the dispute arising from

Make The Most of Your Mexico's expropriation of foreign

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«HARLENE " the wonder Hair Tonic aided by the scientific, z-minutes- a-day, miracle-working “HARLENE-HAIR-DRILL," will change those “wispy,” lank, brittle and dull strands of hair into a veritable crown of thick wavy, gleaming lustre! Equally beneficial to both men and women.

oll properties is expected to he submitted by the House of Repre- sentatives to the oil companies concerned and the Méxican Government this week..

to

A telegram from Mexico City to the "New York Times" states that the companies will offer $150,000, 000 in cash or credits for the right to operate the expropriated wells for nity years. Buitable guarantees regarding taxation and

labour conditions will be embodied

in an international treaty and, at

the end of afty years, the proper-

ties will revert to the Mexican Government.

A message from Mexico City that that general principle of "the return of the expropriated off pro- perties is out of the question."

HARLENE HAIR GROWER & TONIC rats was reiterated by Senor Cas-

HARLENE is the "champagne-reviver " of the hair roots. Its rich, hair- feeding nourishment literally infuses NEW LIFE into the hair. Dormani hair roots are reawakened and reactivated. Thin, brittle, and falling hair" shafts become revived and reinvigorated. Those who practice. **HARLENE-HAIR-DRILL" possess beautiful herds of hair which arc the constant envy and sdmfretion of all. "Get a Bottle of HARLENE TO-DAY and test its marvels for yourself!

CREMEX SHAMPOO (Special Notice to

Delightfully refreshing aid super-cleansing. Freon the ball from every trace of Scurf and Dundrum and is more bootschall ha con scalp. Free burnishing viime included.

UZON BRILLIANTINE

**LIZON" gives just that final touch of "darmerie

culture. This highly refined brillantine is impo with ever-dry schip. In Rigid ng maligtad forme

with

FAIR HAIR

HARLENE CAMOMILE GOLDEN HAIR WASH' buts the “sunshine** tint Uno Fair Hair that has become dall and lost its tana. - All "fair-balred lodieshould try Hutanca

FROM, ALL CHEMISTS' AND STORES. D EDWARDS HARLENE LTD., 20/24 Lamb's Conduit St. London, England

tlo Najara, the Mexican Ambas- sudor to Washington, on his ar- rival in Mexico City.

. +

Senor Najara referred to the forthcoming visit of Messrs. Rich- berg and Hurley, representing the Standard On Company and the Sinclair Consolidated Corporation, who are reported to be bringing proposals in connection with the oll controversy for submission to President Cardenas. The nature of these proposals were not known, Benor Najara expressed the opinion that the matter was one between Mexico and private inter- esta and in no sense an interna-

·tional issue.

the other components of the sundry materials, seeds and leather plantation food sections, tea and were up, but hides, palm oil, olive coffee, showed a disposition to ease,cil and timber declined.

Linen.

Lots may be inspected on 7th March, 1930

Terms of Sale:As detailed in

Catalogue.

LAMMERT BROS

By Appointment, Auctioneers to the Admiralty.

HONGKONG WEEKLY PRESS

AND

CHINA OVERLAND TRADE REPORT.

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MARIYA HOUSE (SRD FLOOR) 16-18, Queen's Road Central..

30251

хо

WEDNESDAY, the lat MARCH,

1918

̈Commending at 11 o'clock a.m.

At the Timber Yard of The Hang- kong & Kowloon Wharf & Godown Co., Ltd., Yaumati.

(For Account of the Concerned)

128 BALES JUTE→→

more or less damaged"

TERMS:-Crah on Delivery.

LAMMERT · BROS.. AUCTIONEERS.

PUBLIC AUCTION.

THE

HE Undersigned have received

Instructions **

to sell by

PUBLIC AUCTION

ON

THURSDAY, the 2nd MARCH, 1990

Commencing at 2.30 p.m.

At their Bales Room, No. 2 Connaught Road, Central, Ground Floor.

A QUANTITY OF VALUABLE- HOUSEHOLD FURNITURE;

Comprising:-,

Teakwood Hatstands, Divans, Bedsteads, Wardrobes, Dressing Tables, Chest of Drawers, 'Bed Room Tables, Folding Screen, Dining Table, Chairs, Flower Stands, Desks, Typewriter Table, Bookcases, Glass and Filing Cabinets, Ice Chest, Battan Fur- niture, Cabinet and Portable Gramophones, Records, Electric Table Lamps and Heaters, Sewing Machines, Rugs, Carpets and Run- ners, Porcelain, Glass, Brass, Enamel and Aluminium : Ware, Cutlery, Ornaments, Cooking stove, Cooking Utensils, etc., etc.

A FEW PIECES OF BLACKFOOD FURNITURE

„2°Radio. Bets"

1 Radio Gramophone

1 Upright Piano "Collard and

"Collard"

1 Teakwood Dining Room Suite

-On VIEW from WEDNESDAY,

the 1st MARCH, 1939.

Certos: Cash on Delivery.

LAMMERT BROS...

ATRYT