1939-05-03 — Page 11

HONGKONG DAILY PRESS

Finance and Commerce

YUNNAN TO DOUBLE

TIN INDUSTRY

Yunnan Province produces between 8,000 and 9,000 tons of 1in. annually, which is more than 90 per cent, of the nation's total production and is valued at $18,000,000." More than 50,000 of Yun- nan's population are dependent on this for their livelihood.

North China Currency Problem

1

FEDERAL BANK'S

DIFFICULTIES

PEKING, May 2 (Reuter)--- The difficulties 'experienced by the Federal Reserve Bank in holding up the value of its currency.. in North China have Increased rather than decreas- ed.

The United States and Great Britain, the world's greatest mar- kets for tin. Import their tin chiefly from the Dutch East In- dles, Bollyla, the Malay States and China.

Although China produces a con- siderable amount of tin, she has

to Import about 40,000 tons of tinplate annually from the United States and England.

EDUCATIONAL

CAMPAIGN

Move To Eliminate Illiteracy

Along with other construc- tive work undertaken by the Kwangsi provincial authori 'tiés, an organized drive to rid the province of literacy has been launched and is expect- ed to be successfully complet- ed within the year.

The aim of this educational campaign is to wipe out the literary of a total of 1,500,- 009 adult citizens of this pro- vince. All school teachers

The Northern Yunnan Mining Administration, organized by the National

and educated persons have been Resources Commis- sion and the provincial govern-

-ordered to help in the work. ment. has récently Introduced According to a recent investi- modern excavating and renning gation, about 18.000 of the lite- methods, whereby the annual tin rate adults in the province are in production will be doubled. When Lluchow, central Kwangs, one of this plan is carried out, the value the important districts in the pro- or the tin output will be increased vinice The work carried from $18,000,000 to $36,000.000 m Lluchow is typical of the efforts of more, and the number of workers authorities throughout the The fact that the. Federal from 50,000 to 100,000.

National currency premium to- day was 33 per cent and is generally expected to go much higher.

Reserve Bank exchanged at par by Japanese banks means that the

14 penny yen can be purchased:

with a six penny Federal Reserve

OUTPUT EXPANSION

China ranking fifth as a tin pro

On

in

pro-

vince.

Of the 240,000 residents of Liu- chow, 7 per cent, 18,000-are- estimated to be #literate. They

Bank dollar, this being to-day's] ducting centre is not 3 member are scattered through 429 streets market rate.

was

3

of the International Tin Com- of the district. It is the plan of mittee, which organized in the district authorities to have 1931 by the Straits Settlement, class started in each street in the Netherlands East Indies, Bo- the first few months with students livia and Nigeria in an attempt to ranging from 30 to 60 in number. king are filtering into Northcontrol the annual tin production Since the beginning of April, 200

It is additionally learned. from very reliable sources that Large quantities of newly issued National currency from Chung-

China, vis Shansi "and. Süiyuan. much of which has already been seen in Peking.

NEW LOANS FOR CHINESE

FARMERS

CHUNGKING, May 2 (Cen- tral-Fresh loans amounting. to $18,000,000 are being dis- tributed in rural districts in West China by two Govern- ment banks, the Farmers' Bank of China and the Bank of China.

of the world. It is the beller of specially trained teachers" hare mining experts that China, during been holding classes in 200 diffe- ber period of tin-output

expan-rent streets. sion, should not be a member of the committee.

TWO HOURS' STUDY Under the regulations gover- Yunnan's tin deposits are founding the educational-campaign in in Kochiu, in the southern part of the province, any illiterate, be- the province, about 20 miles west tween the age of 18 and 45, is re-

of Mengtze district. Until 1932 the quired to study two hours a day for excavation work was done by naa period of two to three months tive methods, and the ore was at the end of which period it is shipped to Hongkong for smelting expected that he or she will be and purification.

able to read and write. Expenses

In 1932 there was organized the for books and teachers' salaries Kochiu Smelting Company. This are being supplied by the authori- organization, capitalized

at $2ties. 500,000, operates a modern smelt-

To promote the campaign in ing plant in the Peasants in Kansu are receiving itself. Its equipment includes two been established by the

mining district Llachow, a special committee has the lion's share, $6,000,000, which 12-ton reverberatory furnaces and authorities.

district is extended by the Bank of China, one

An extensive cam- purifying furnace. palgn is being conducted ta 40-

six-ton

The $10.000.000 to be invested by with this modern equipment. tin quaint the residents with the Im- the Farmers Bank are to be dis- can be produced of a 99.8 per cent. portance of the work and a newe- tributed in the nine "provinces, metallic content.--(Central.)

Szechwan, Sikang. Kweichow,

Shensi, Kansu, Chinghal, Ninghsia,

Hunan and Kwelchow.

Special arrangements have been concluded between the Kansu pro- vincial authorities and the Bank

NATIONAL

of China for the extension of PRODUCTION

credit loans in that province and

the National Military Council has

instructed the responsible officials Chinese Conference.

in the nine provinces to facilitate the work of these banks,

CREDIT LOANS

According to regulations drawn up by the Farmers' Bank, the credit loans are to be used only for the reclamation of land, purchase of farm implements, water buffa- foes and seed, construction of houses and barns and for expenses in pro- duction, storage and transporta- tion,

To Be Held In May

י.

Mid-April finds the Chinese authorities busy preparing for a National Production Confer- ence, the first one of its kind

paper especially devoted. to the campaign has been started.

FINANCE

H. K. STOCK EXCHANGE

Although buyers were somewhat more in evidence, in some cases increasing their bids, there were not many takers, consequently the turnover registered was again only on a moderate scale,

As a means of encouragement. the authorities have decided to give generous rewards to the 20 students who do the best work. Those illiterates who refuse to Join classes are to receive punish-. ment.

1938 TRADE REVIEW

in China, that will lake place Hongkong Chamber

than the

in Chungking, the war capital, early in May. More 180 delegates, experts in fields of agriculture, maning, and industry, are expected to give one week's time compar- ing notes and devising ways and means of increasing pro- duction.

Dr. H. H. Kung, "premier" of the

Of Commerce Report

The Hongkong General Chamber of Commerce Report for the year 1938 is replete as usual with all in- formation pertaining to the indus- trial, and commercial life of the Colony...

Statistics and a wealth of detall concur- are given in reviewing the position

will and dered

particularly

difficult for

Any farm organised for the pur- pose of collective wartime produc- tion by refugees' or farmers' co- operative societies or by a federa tion registered with the Govern- ment may apply for credit "loans. Model farms established by any co- Chinese Government and operative administration may like-rently Minister of Finanec, last year-a year which was ren- wise obtain loans from the bank. preside at the conference

of the $6,000,000 credit loan to will be assisted by the principal trading interests on account of the be advanced by the Bank of China, figures in all ministries and sub-Sino-Japanese hostilities. $1,000,000 will be used for the de-departments concerned. Each As a section of the report in this velopment of handicraft industries, province will be represented by its connexion states. "Hongkong, like $3.000.000 for general commercial, director of reconstruction, and all other foreign trading communi- and industrial development while every college of technology and ties in China, watches with deep the remaining $2,000,000 will be agriculture by its dean and im- concern a state of affairs which used for the promotion of co-portant professors. In addition, tends to grow worse and can only operative enterprises. The loans Invitations have been issued to 40 hope, that peace may soon be re- will be invested in Kansu in three individual specialists asking them stored and the policy of "Open instalments, $1,000,000 $2,000,000 to contribute their views. and $3,000,000.

NEW VARIETY OF

SOYA BEAN A“.

"

TWO POINTS

Door be preserved."'.

Every section of, commercial and Industrial activity is reviewed in a manner The forthcoming conference will efficient and trustworthy guide to that should prove an concentrate on two points: First business interests in the Colony a critical study of accomplish as the opinions expressed are s OTTAWA-A new variety of soya ments in the past, and secondly reliable indication of the trend of bean has been produced by Cana-the adoption of concrete measures trading activities in the future. dian Government plant breeders to stimulate. the output of food, which-ripens in 100 days and thus clothing materials, and mineral plied and produced should find The report which is well com.. makes it possible for the cultiva-and Industrial products; with tion of this valuable crop in the special attention to those articles is very moderately priced at $2 per northern latitudes of the Dominion that have a direct bearing on the

a place in every business office and

where the growing season is limit-maintenance of a prolonged war. copy.

ed.

spurred

change experience and pool resour

ces,

By cross-breeding different varie- The war has spurred hundreds ties, the ripening period has been of Chinese experta..... throughout reduced by 20 days,

Free Chins, working either in gov The new variety has been named ernment institutions or private "Pagoda." It possesses in a mark organizations, into devising new The preparatory office in Chung- ed degree the desired charac methods of supplying the nation king is headed by Mr. H. Y. Mob teristics of early maturity, high with necessary products, The formerly president of the Chinese field, desirable plant type, and conference, however, will afford Cotton Goods Exchange in Shang- yellow seed colour.

them a needed opportunity to ex-hal,

BUYERS

·H.K. Bank, $1800. Union Ins.. $440. Douglases, $87. HK. Dock's, $16). Providents. $4.20 H. & S. Hotels. $53. H.K. Lands, $32). HK, Realties, $4: ILK. Tramways, $16.10. China Lights (0), $8.20. EK. Elettrics, $41. Macao Electrica, $161. Telephonés (0, $21.70. Telephones (N), $7. Canton Ices. $1.

Dairy Farms Rights, $144” Entertainments. $61.

H.K. Govt. 4% Loan 3% prem. HK. Govt. 31% Loan par.

SELLERS

H.K. Docks, $161: ..Humphreys, $71.

HK, Tramways, $18.30 China Lights (0), $8.40. China Lights (N), $5). H.K, Electrics, $55. Marsmans (HK), 5(-.

SALES

H.K. Bank, $1360. Union Ins.. $4421. H.K. Docks, $16.60. Providents, $4.30. Humphreys, $74.

PHILIPPINE GOLD MINING QUOTATIONS

Antamoks Baguto Gold

Centavos

32

34

Benguet Consol.

11.00

Coco Grove

341

Demonstrations

131

San Mauricio

1.02

United Paracales

58

AH

·廞爐藏

WEDNESDAY, MAY 3, 1939. —PAGE 11*

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LAMMERTS' AUCTIONS

PUBLIC AUCTION.

THE Undersigned have received

instructions

to sell by

||

PUBLIC AUCTION

On

WEDNESDAY, the 3rd MAX, 1939.

Commencing at 11.00 .

At their Sales Room, No. 2, Con- naught Road, Central, Ground Floor..

A: QUANTITY OF MISCEL- LANEOUS GOODS

Comprising:-

Matting, Rattan Baskets, Marble Slabs, Old Rubber Tires, Zinc Tubs, etc. etc.

also

QUANTITY OF HOUSEHOLD FURNITURE AND PERSONAL EFFECTS

Terms: Cash on Delivery.

LAMMERT BROS.,

AUCTIONEERS.

PUBLIC AUCTION.

THE Undersigned have received

instructions

TO SELL BY

PUBLIC AUCTION

ON

THURSDAY, the 4th MAY, 1939.

Commencing at 2.30 p.m.

At their Sales Room, No. 35"

Hankow Road, KowlooTI.

·A· QUANTITY OF VALUABLE- HOUSEHOLD FURNITURE

Divans,

Comprising

Bedsteads, Wardrobes, Dressing Tables, Chests of Draw- ers, Chesterfield Suites, Sideboards, Dining Tables, Chairs, Typewriter Tables, Hatstands, Folding screens, Ice Chests, Glass Cabinets, Cutlery, E P.. Brass, Glass and Porcelain Ware, Electric Table Lamps, Fans and Heaters, Gramophones and Records, Radios, Rugs, Carpets, Ornaments, Cooking Utensils, etc... etc,

also

A FEW PIECES OF BLACKWOOD FURNITURE

On VIEW from WEDNESDAY,

the 3rd MAY, 1939.

TERMS:-Cash on Delivery.

LAMMERT BROS..

AUCTIONEERS."

PUBLIC AUCTION.

THE Undersigned have received

instructions

TO SELL BY

PUBLIC AUCTION

PENT STREET,W. J.

FRIDAY, the 5th MAY, 1989

Commencing at 5.15 p.m.

At their Bales Room, No. 2, Connaught Road, Central" (Room No. 205, 2nd Floor).

A VALUABLE COLLECTION OF

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On VIEW from THURSDAY,

the 4th MAX, 1990.

Mr. Dennis & Spalding.

George R. Pant & Bar Lids

porn Makers.

London #KA

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THE HONGKONG DAILY PRESS

Marina House, 3rd Floor, 15-19, Queen's Road Central.

Delivery

LAMMERT BROS..

AUCTIONEERASAT