1939-05-24 — Page 11

HONGKONG ~ DAILY PRESS

Finance and Commerce

Industrial Development

In Shensi

CHUNGKING, May 23: (Central)-Three cotton mills, three flour milla, two dyeing factories, two machine shops, a match factory and a cotton and pause factory have been established in and around an undisclosed southwest Shenai city since the out- break of the Sino-Japanese hostilities, according to an official of the Industrial and Mining Adjustment Administration who has re- turned to Chungking after eight months' work in Shers!.

The three cotton mills. two of

which were moved to Shens from

Shanghai, are expected to increase YEN CONTINUES

the number of their spindles within two months to a total of 20,000.

The three flour mills, according to the official, are turning" out a total of 5,000 bags of four monthly, which greatly help in augmenting the supply of foodstuffs for the Army.

TO TOBOGGAN

IN SHANGHAI

SHANGHAI, May 23 (Reuer) The yen continued to tobog- gan in Shanghal's unofficial market this morning. While Government assistance to these the rates varied slightly, the Jactories has assumed various average level quotedwas 893 forms one of which is the supply Chinese National cents for one of raw materials at a lo cost. A yen, with some exchange shops » factory has been established by selling the yen as low as 88 the Government for the develop-: centa. "ment of a coal mine about 50 Meanwhile, inquires revealde taht kilometres north of the city, while there is little foundation in fact preparations are being made for to the reports circulated last night the development of two additional that, the new Hua Haing notes, coal mines in the province.

which were introduced in Hong- "kew last week, had fallen to a with National dollars. discount of 86 per cent, compared

As a result of

Government encouragement. Shensi is produc ing 1,000,000 piculs of improved cotton annually.””

OIL FROM SEED Preparations have made for the manufacture of petroleum from ol extracted from cotton seed, and alcohol from Kaoliang, a Chinese wine. "A group of scientists and engineers has been sent to the province by the Government to assist in the construction of a petroleum plant and an alcohol

distilling plant.

The authorities are also making efforts for the improvement of the production of fur in the Northwest, Similar attention is being paid to production of wax and Tung oll,

For the

improvement and transportation of Shens! products, the provincial Government get aside $2,000,000 six months ago. The work is being handled by a special Government organ.

!!

The native exchange shops in Hangkew this morning were unable to gve the rate for Hua Hsing notes, stating that they had not seen any acuh notes which were not yet in general circulation,

t

In view of the fact that Shang- hal's idle capital has been locked up in the bank vaults with ne outlet for investments, Shanghai Chinese banks have now decided to remove portions of it to Invest in various kinds of enterprises in the South-west provinces, says a port to the "Wen Wel Pao." the same time, Chinese banks will continue to assist the Shanghal commercial and industrial enter- prises by credit loans, in an effort to keep the market stable.

re- At

3

H. K. STOCK

EXCHANGE

With the exception of Bankos which were dealt in fairly large quantities, the turnover in the rest of the market was negligible" but quotations remain steady."

BIFYERS

HK. Bank, $1360. HK. Fires, 180. Canton Ins., $220. Union Ins.. $432). HK. Docks, $17.90. Providents, $4.50.

H, & S. Hotals, $5.00. H.K. Lands, $35. Humphreys, $7.85, H.K. Realties, $4.35. H.K. Tramways, $16). Star Ferries, $657. Ching Lights (0), $8,45: HK. Electrics, $55, Macao Lights, $16, Sandakan Lights, $11.90. Canton Ices, $1... Cements, $137.

Dairy Farms Ex Rts, $21.00. Dairy Farms Ex Rts. $15 Wing On HK., $41. H.K. Govt. 4% Loan 4% pm. HK, Govt. 31% Loan par. Entertainments, $63. SELLERS

HK. Lands, $35.80." HK. Tramways, $16.65. HK. Electrics, $56). Dairy Farms Ex Ris, $22.

SALES

H.K. Bank, $1360/65. HK. Docks, $17.90, Providents, $4.85.

H.K. Tramways, $16.60.

PHILIPPINE GOLD MINING QUOTATIONS.

Antamoks Atoka .... Baguto Gold

Benguet Consol...

Coco Grove.....

Demonstrations

I. I. L

San Mauricio

United Paracales Itogons ...mpbe

Centavos

21

ung.

unq.

11.50

36

13

53

1.08.

53

22}

PHILIPPINE GOLD MINING QUOTATIONS

Tuesday, May 33, 1939.

Antamoks

Benguet Consol.

Coco Grove

Consol. Mines

Centa Yos

271 11.50

36

0025

13

221

I. X. L........ San Mauricio .......

53

United Paracales

1.08 53

Market Comment-Quiet.

Demonstrations Itogons

For the first time in the an- nals of Shanghai Chinese banks. Stimulated by Government the Foh Lee Native Bank, capita- encouragement, co-operative enter-lized at $250,000, will shortly be prises are thriving in this province. Inaugurated in Shangha! as a Co-operative societies have been limited liability company, says organised and popularized by he report to the "Chinese American Provincial Co-operative Bureau, the Daily News." The bank is being *Farmers' Bank, the Provincial promoted by Mr. Tung Yih-seng, Cottori Improvement Bureau, the Chinese merchant, and others. Bank of China, the Shanghai Com- with the approval of the Ministry mercial and Savings Bank and the for Finance, which has issued a Bank of Communications. Not long business permit for the firm. ago Industrial co-operatives were introduced to the province and now The Annam Government haz give every sign of having taken approved of the petition of the firm, root.

Haiphong Chamber of Commerce Large numbers of co-operatives that the port be converted into a are extracting coal and mining gold free port, according to a message A co-operative society has also to the "Shun Pao." The petition SHANGHAI, May 23 (Intl)"The been established for the manu- in tum, the report adda, has now Standard," "Chung Mel Pad" and facture of alcohol, and another one been forwarded to the French Gov-Ta Mel Pao," foreign-owned news- for the repair of machines:

jernment for final approval.

SHAREBROKERS'

ASSOCIATION

Volume of Business Transacted on Tuesday, May 23, 1939.

Wharves

Wharves

China Lights (0)

Itagons

Antamoks

Coco Grove ......

200 $108.00 100 109,50 111 8,50 5,000 Ps. 0.22 5,000 Ps. 0.27 3,000 Ps. 0.35

.

•

S'HAI NEWSPAPERS' PROTEST SUCCEEDS

papers in Chinese language pub- Hished here, will resume publication

Mr. Y. Suitsu, vice-president of on June 1. They were ordered to the Yokohama Special Bank, has suspend publication by the been" appointed Governor of the Shanghai Bettlement authorities Bank of Taiwan. Mr. Hideshige because the news published was Kashiwagi, managing director of not agreeable to Japan. the Yokohama Specle Bank, has Resumption been promoted to the vice-prest possible following a protest by the of publication 18 dency of the same bank.

•

.

owners against the unwarranted action of the Settlement authori-

An interesting ceremony took place ties outside the Chinese General Cham ber of Commerce in Connaught Road on Monday afternoon, when Mr. Les Sing-kul, the Chairman, on behalf of the local merchants, pre- sented the Kwangtung Provincial Government with an ambulance.

ORE REPORT

'

REPORT NO. 546 Battery: 4,997 tons +767) -1,450

ADVERTISEMENT Acceptance was made on behalf of Ozs. (+280) 1.368 fine ozs. (+258)

PUBLIC AUCTION

the Kwangtung authorities by Mr. Tseng Yao-furg.

•

•

Among 300 resolutions adopted by the National Production Con-

THE undersigned have received ference here is a decision to carry

Instructions

to sell on

TUESDAY, the 30th MAY, 1939

Commencing at 11 am.

Co., Ltd., Kowloon.

FINANCE

CO-OPERATIVE INDUSTRY IN INNER CHINA

Bold improvisation, of Indus- trial methods "and" of materials is one of the most striking characteristics of the Chinese Industrial Co-opera- tives to ald which local wo-

·men's organkations are hold- ing a dance at the Hongkong Hotel Gril Room on Friday, May 26.

Was no

In Saechuan, there was not sumA - clent cotton to meet the demands of the hospitals Medical cotton is now being made out of ramte. In the Northwest, there motor fuel Experiments are now being made to produce it from vegetable olis Candles and

вар are made from the tallowy flesh of a nat common in Central China. Where it is impossible to obtain modern machinery and the market has been "denuded of articles of dally use by the breakdown of communications, cooperative tech- nicians are teaching the popula- tion the use of the old handicraft tools of their ancestors, forgotten since the influx of manufactured goods.

TRAINED MINDS... But this is not wholly a return to the past.

Trained minds examine the ancient methods for possibilities of improvement. A few changes, and the sclid tradi- tional loom, or the wooden spin- ning wheel, produces twice, thrice. four times as much as it did in the days of old.

These facts are not, prosaic. They are part of an epic story. People who would otherwise have starved. And their feet and live. Regions that would otherwise be impoverished begin again to pros- per. China's days of trial become for many of her people also days of rebirth and new strength.

From letters from

organ- izers, technicians and work- kers in the field, from the thusiastic reports of eye-witnesses, from the sober figures of statistical sheets of the various headquarters there, emerges the conclusion that is summarised in the primary slogan of the move- ment:

Re-treatment: 7,869 tons (1,120)-| 676 Ozs. (-182) 555 fine cZS, (~108).

Total: 2,126 ozs. (up .88); -1,923 fne ozs. (up 150),

Estimated profits $51,000 (up

$4,000).

out a land reclamation project, utilizing the labour of war refugees. A special war-time land reclama- tion commission will be established concentrating efforts in "Sikong The Ministry of Communica- Szechuen and the soth-west pro- tions is making preparations, for vinces. A land reclamation bank the inauguration of the proposed will also be established to finance Szechuen-Shenzi caravan

In Godown No. 51 of the Hong the project. To popularize the for which camels will be used as Kong & Kowloon Wharf & Godown spinning and wearing industries cargo carriers, says a Kunming in rural China, the Government message to the "Bhun Pao." A will establish a $300,000-factory for caravan transport control once the manufacture of looms and has been set up both at Han- spinning machines: Attention will chung and Chengtu. The Min- be given to the exploitation of istry has also established a giml- hydraulic power in the south-west, lar office in Kwelyang, and is now For further particulars &c., ap- and also the development of the opening offices both at Kwellin ply to:-

116 Bales New "Gunny Bars

Terms: Cash on Delivery.

CHINA AUCTION ROOMS,

French Bank Buliding,

1st Floor,

· Hong Kong. 24th May, 1939.

chemical and malt industries in and Chungking, to supervise cara- Szechten and the promotion of van transportation in the South mechanical, textile, cement, wool, west, provinces. As soon as" the match and timber industries. -An Kimming-Kweiyang route is inau- industrial co-operative bank, capi-gurated, the Kweilin-Kwelyang talized at $10,000,000, will be esta and the Chuderor Kwayant. blished for the promotion of a co-route will be Inaugurated at the operative movement,

same time.

en-

the

Thirty Thousand Industrial Co-operatives Will Mean New Life For Millions!"

WEDNESDAY, MAY 24, 1939-PAGE 11

AH TUNG 廞爐箱器鐵東亞

Diesel Engine-Driven ARC welding Plant-2 operators for Oxy-Acetylene Cutting and Weld- ing for Ship and Boiler Repair, Copper-uniths,

Boiler makers. Iron and Brass Founders, Ship- building Contractors and General Building Contractors.

General Office:-Asia Life Building, Room 414,

: Tel. 25621, Post Office Box: 638, Hong Kong, Workshop:- Tai Kok Tsui.

آپ

Tel. 56089.

Please apply for estimates,

Announcing

CHILDREN'S CHARITY FAIR

IN AID OF

THE NATIONAL ASSOCIATION FOR THE CARE OF WAR ORPHANS

ON

WEDNESDAY, MAY 24th,

1939

"All The Fun Of The Fair"

Mft. Howard Harding,

From 2 p.m. till 9 ̊ p.m.

AT NATHAN ROAD, KOWLOON OPPOSITE PENINSULA HOTEL

NUMEROUS SIDE SHOWS

RAFFLES, ETC. Special Attraction

CHILDREN'S DRESS PARADE

...

Come and support a good cause!!!

LAMMERTS' AUCTIONS

[PUBLIC AUCTION.

THE

HE Undersigned have received.

instructions

TO SELL BY

PUBLIC AUCTION

ON

FRIDAY, the 26th MAY, 1939

Commencing at 2.30 p.m.

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

A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE

Comprising:—

Divans, Bedsteads, Cots, Ward- robes, Dressing Tables, Chests of Drawers, Chesterfield Suites, Bide- boards, Dining Tables, Chairs, Desks, Glass Cabinets, Ice Chests, Carpets, Rugs, Wardrobe Trunks. Radios, Gramophones and Records, Electric Table Fans and Lamps, Porcelain, Glass, Brass and E. P. Ware, Ornaments. Cooking Uten- sils, etc., etc.

also

A FEW PIECES OF BLACKWOOD FURNITURE

sund

One Organette

On VIEW from THURSDAY, the 25th MAY, 1939.

TERMB:--Cash on Delivery

LAMMERT BROS..

AUCTIONEERS.

Engraving is the hall mark

of

VISITING CARDS.

If you wish to create

а

good impression

use our cards

of high

Quality.

PUBLIC AUCTION.

THE Undersigned have received

instructions

to sell by

PUBLIC AUCTION

SATURDAY, the 27th MAY, 1939

Commencing at 10.30 am.

At No. 134, Austin Road, 1st Floor, Kowloon,

A. QUANITTY OF VALUABLE HOUSEHOLD FURNITURE

Including

One Dining Room and one. Bed

Room Suites.

and

One Frigidaire

Mr. J. Cartwright.

4.8. Allerton Road,

In these we Specialise Samples available

at

Mr. Geoffrey A. Matthews.

4. Alayfair.

London, 4.3.

Mr Eric B. Greens

30. North Road, South Shields

The KASTERN ELECTRICAL COMPANY.

GERRARD 2174

CRIC

PHONE CENTRAL 1708.

GRAY

¿CAMERA STUD MOL

Ur Dennis & Spalding.

THE HONGKONG DAILY PRESS

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

On VIEW from FRIDAY,

the 28th MAY, 1989.

Terms: Cash on Delivery,

LAMMERT BROS..

· AUCTIONEERS.

STREET, W.L

DONT FORGET

THAT WHEN You are at Home

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