1939-08-22 — Page 11

HONGKONG DAILY PRESS.

Finance and Commerce

AMERICA MAY GERMAN-SOVIET TRADE

LEVY "MORAL" EMBARGO

Shipping Of Raw Materials To Japan

SHANGHAI, Aug. 21. (Int'l), -The American Government is seriously considering the levyine of a “mural" embargo to prevent shipment from the United States to Japan of raw materials capable of being used in the manufacture of war materials, according to a Washington report.

A moral embargo can be made. and officials bellave that the ban may be As effective as the embargo on warplanes.

RESUSCITATION: WHAT NEW PACT INVOLVES

- IT IS STRESSED HERE BERLIN, AUG, 21 (T/OCEAN)

TRADE AND THAT THE NEW GERMAN-SOVIET-RUSSIAN CREDIT AGREEMENT WILL RESUSCITATE THE GERMAN- SOVIET RUSSIAN TRADE WHICH, WHILE QUITE CONSIDER- ABLE A FEW YEARS AGO, HAD MORE AND MORE DWINDLED SINCE THEN.

'Although no detailed official data is available thus far con- cerning the categories of goods which will be delivered by Ger many to the Soviet Union and vice veram, it is 'declared in business quarters here that the commercial credit of 200,000,000 Marks which Germany will grant to the Soviet Union will be used by the Soviet Union mostly for the purchase of special German machines.

the senator, 1 member of the Foreign Relations Committee arged the government to take immediate steps to halt the now of American war materials to Japan.

FINANCE

| U.S. EXPERTS TO ADVISE ON ROAD CONSTRUCTION

Due To Arrive In China Shortly

KUNMING, Aug. 21 (Int'l)

Seven American highway. experts, including Mr. John 01 L... Keeshin, President the Trans-Continental Moter Freight Lines, Inc., of Chicago, and Maurice L. Sheehan, Vice- President, will visit here to assist the construction of road projects. They are pected in Kutiming via Hong- kong at the end of the month and will proceed to Chungking by highway.

It is said that funds for the 'construction' of highways are to be obtained from the Export and Import Bank in Washington

Trucks Shipped

The trip of these American ex- perts is made possible through Mr

Chen. representative of Chinese commercial organizations

The Soviet Union has already previously bought from Germany a considerable part of machines Imported from abroad in connec tion with the Siviet Union's in- dustrialisation programme, "State Of War"

Germany on the other hand wiK P. The ball was started rolling by This could be accomplished recélve from the Soviet Union Senator Lewis Schwellenbach, either by invoking the old "state mostly raw materials such as tim-in the United States, who had empowering ber, ere, oil and perhaps also cot-shipped 3.000 trucks to China vía Rangoon and Haiphong, through ton and fodder.

the Universal Trading Co.

Democrat

of

Washington,

order who Lot War made this suggestion and was President Roosevelt to ban the ex-

materials favourably considered by the State port of "war

or

Dyi

Department. In a letter to Mr. obtaining voluntary agreements by Cordell Hull, Secretary of State, shippers to halt such export.

Once weak (and miserable

"NOW

full of Energy and Cheer"

い

"As for Sanatogen, it can never be beater, it is just like drinking magic, and those who have... had a nervous breakdown, like myself, please tell them to try Sanatogen. I can eat; sleep and enjoy life now. It is life, and life is wonderful when there is health, and there is health in every bottle of Sanatogen.”

writes an enthusiastic Sanatogen user.

Take a course of Saratogen and enjoy Yout') and Health again. Headache, nervousness. anaemia, and fatigue after a full day's work will soon disappear, for Sanatogen gives your body and nerves the strength they need.

לי

SANATOGEN strengthens and soothes the nerves and revitalises the blood. Buy a bottle at once. You will soon enjoy work and leisure and not only feel young but look young too.

SANATOGEN

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Obtainable at all Chemists

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The American experts will speed up the movement of these trucks into the interior of China, as additional purchases are being made. The experts will arrive in Hongkong by air on August 22,

Marshall Field Co. of Chicago is placed with an order for a huge shipment of blankets to China.

Large Demand It is pointed out that the sup- plementary character of econo mics of the Soviet Union to the Reich constitutes a factor most favourable to the trade between the two countries, since the Soviet Union with its immense natural resources will for many years, still have a large demand for in- dustrial products, above all ma- chines for Ita industrialisation programme, while Germany re- quires enormous quantities of raw materials and farm products which might be imported from the Soviet Union. which has a

Besides being. Monday, never an great surplus" in these products

auspicious day, the market has available for export.

The most

highly specialized been overshadowed by the political German Industry could, on the situation both in Europe and near- other hand, supply to the Sovieter home. This is accompanied by machines and industrial a natural nervousness which tends market somewhat equipment and installations which to make th

Union

the latter requires for the "indus- trialisation of the country.

It is stressed. therefore, that the shrinkage of the trade between Germany and the Soviet Union

was a

now

most unnatural develop- ment and the conviction is ex- pressed that the new trade and credit agreement, which is signed, will help to restore the normal situation in the trade re- lations between the two countries whose economics are supplement- ing each other in a most fortunate manner.

Japan's Highest Tax Payers

1!

H. K. STOCK EXCHANGE

"tender."

BUYERS

HK. Lands 4% Debentures. Pár. HK. Govt. 4 Loan, 993-

SELLEKS

HK. Tramways, $15.85.

SALES

Providents, $4.15. Raubs, $8.60.

HK. Lands, $32). China Lights (N), 54.80.

PHILIPPINE GOLD MINING QUOTATIONS

Atok's

TUESDAY, AUGUST 22, 1939, -PAGE 11

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First Class to Sydney:—

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Passenger & Freight Agents:- GIBB, LIVINGSTON & CO., LTD. Telephone No. 28031.

MAERSK

LAMMERTS' AUCTIONS

PUBLIC AUCTION.

THE

HE Undersigned have received

instructions

to sail by

PUBLIC AUCTION

TUESDAY, the 22nd AUGUST, 1939

Commencing at 1100 x.m.

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

A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE

also

10 Boxes British Tinplates

3 Reels Newsprint Paper

and

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10 Inverted Lamps & Fittings

22 Boxes Kleenex

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29th Aug. 13th Sept.

18

Antamoks

191

Baguio Gold

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Batong Buhay

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Benguet Consolidated

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08

etc..

Mine Operation

12

North Camarines

20

Paracale Gummaus San Mauricio

15

83

211

13

(28

37)

profits

LONDON, Aug. 7 (By Air Mail> With the completion of the as- sessment of the various taxes for the fiscal year, 1839-40, such income levies (class 3), capital interest tax B, business and individual profits taxes, It has been announced that there has been a 30 per cent increase in the total income tax revenue of the "Tokyo Tax Office which has risen by 50 million yen to over 200 million yen."

Baron Takakimi Mitsui leads i the taxpayers with a total in- come tax of 2,874,037.yen, follow- ed by Mr. Hikoyata Iwasaki with 2.282,076.50, yen the two men re- versing their positions of last year when the latter was ranked highest with 4,393,147 yen and Baron Takakimi Mitsu! second |with 2,379,730 yen.

Baron Hiranuma, the Premier, pays 489.02 yen. He paid 517 yen last year.

An appeal to the United States Government for the services of American plague prevention ex- perts and medical supplies was wired by Dr. H. H. Kung, Presl- dent of the Executive Yuan and concurrently Minister of Finance. on August 7. With the assistance of the Rockefeller Foundation in China, the National Health Ad- ministration inaugurated a Bpecial Plague Prevention Committee in Kunming. Yunnan, on August 1. The committee will work out a five-year programme for the all- mination of endemic diseases in Yunnan province, and carry out. a 3-year research programme.

Surigao Consolidated Suyoc Consolidated "Syndicate Investment

United Paracale

PHILIPPINE GOLD MINING - QUOTATIONS

Monday, August 21, 1939.

Atoks

Antamoksin

Bagulo Gold

40

Tal 31205-6. Tel. 1632.

SERVICE TO READERS

THE

HE HONG KONG DAILY PRESS, LTD., and the HONG KONG WEEKLY PRESS, through their London Office, at 53, FLEET STREET, E. C. 4, Tel- 3187, are prepared to give Subscribers and Visitors advice regarding accommoda- tion available, motoring faci lities, suitable shopping centres, etc.

T

If, when at home, they will call or telephone to the above address, they will receive the utmost assistance and the latest available information on all subjects of enquiry will be placed at their disposal.

HONGKONG WEEKLY PRESS

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CHINA OVERLAND TRADE REPORT.

ILLUSTRATED

PUBLISHED EVERY FRIDAY

Centavos.

191

18+

19

Batong Buhay

012

Benguet Consolidated Big Wedge

10.20

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0015

Demonstration.

08)

LX L Itogons Mining

21.

Manbulao Consolidated

Masbates Consolidated

10

Mine Operation North Camarines Paracale Cumbians San Mauricio

20

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Surigao Consolidated Buyoc Consolidated Syndicate Investment United Parmente

214

LOCAL NEWS,

SPORTS,

13

028

378

08

Mindanao Motherlode

,

A corporation for the further development of present industries behind the fighting lines and establishment of new" industries has been organised by leading industrialista in Chungking with

Reacting to the depreciation in the Federal Reserve Bank notes and recent extensive foods, com modity prices in Tientsin are sour ing. First grade flour is being sold Dr. H E Kung. President of the at $8.50 per bag, while second Executive Yuan, and concurrently grade rice is quoted at $8.20. Tirat | Minister of Finance, as chairman grade four is quoted at from 395 of the board of directors The to. $38 per pical, which are record new organisation is capitalised at. prices in 35 yeɛm.

$12,000,000.

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