1939-08-22 — Page 8

PAGE 8-HONGKONG DAILY PRESS

ADVERTISEMENTS The Bady Press

THE HONGKONG ELECTRIC

CO., LTD.

IT IS HEREBY NOTIFIED that an Interim Dividend of Dollars one per Share has been declared for the year 1939, and will be payable on and after Thursday, 7th September, 1939. Dividend Warrants may be ob. tained on application at the Com pany's Registered Office, P. & 0. Buliding.

報西剌子

Editorial and Business Office: 10-19, Queen's Road Central. Tel. 30251.

Night Editor (Wanchal Office).

Tel. 24511.

London Omes: 53, Fleet Street

BOL

HONGKONG, AUSvяr 22, 1039

THE REGISTER OF BRITISH POLICY SHARES of the Company will be

IN FAR EAST CLOSED from MONDAY, 28TH AUGUST, to WEDNESDAY, 6TH SEPTEMBER (both days inclusive) during which perfod no transfer of sharts can be re- gistered.

By Order of the Board of Directors,

GIBB, LIVINGSTON & CO. LTD., Agents. Hong Kong, 27th July, 1939.

THE RAUB AUSTRALIAN GOLD MINING CO., LTD. (Incorporated in Queensland),

NOTICE OF DECLARATION OF SECOND INTERIM DIVIDEND.

4

NOTICE is hereby given that a Second Interim Dividend of five pence per share for the Acancial year ending 31st March, 19:0, has been declared by the Directors of the Company in Brisbane, payable on 15th Sept., the 1939, to Shareholders · on Registers at Brisbane and Singa. pore on 14th Sept., 1939,

NOTICE is also hereby given that the Singapore Transfer Re. giaters will be closed from Friday, 8th Sept., to Thursday, 14th Sept., 1939, both days inclusive, for the preparation of Dividend Warrants.

By Order of the Board,

DERRICK & CO., Chartered Accountants,

Local Secretaries. Hong Kong Bank Chambers, SINGAPORE, 14th Aug. 1939.

HONG KONG & SHANGHAI BANKING CORPORATION.

NOTICE IS HEREBY GIVEN that Certificates Nos. NS.928 and NS.929 dated Hong Kong, 9th October 1894, lor. 30 shares numbered 3270/3279, 56180/56199, 20300/20304, 20385- /20309.

66258/66265, 69642/ 69643, and 52016/52025, Certi ficates Nos. NS.2249, NS.2250 and NS.2251 dated Hong Kong. 19th November 1897, for 75 shares numbered 51251/51262, 51851/51863, 24471/24473, 16097- /16101, 36087/36101, 15974. 15975, 39071/39075, 33619/33653, 2016/2021, 34096/34099, 53746/53750, Certificate No.

and

EDITURIAL

JAPAN AND SILVER

Germany's

RESERVES IN NORTH Whispering

Continued from Page 1

failure to despatch the silver ra-1 mittee. Here must be found serves in the North to Nanking as the basis of any solution. invalidating its ownership and thus justified its refusal to allot a quota of foreign exchange for the North..

HELD IN TRUST:

If that Committee can be given an international complexion, cor- responding to the amounts qonat- ed. so much the better." though the majority must, of course, go to the de facto Government.

The reserves should form part

Campaign

SUSPICION RAISED

AMONG SMALLER

.POWERS

The best answer to this is the a fact that the guiding prin- Hple of British and French diplo- macy remains unchanged and that they are determined to fult to the hilt their obligations to re- strain aggression.

TUESDAY, AUGUST 22. 1939.

KOWLOON BUILDING ACTIVITY

EUROPEAN & CHINESE RESIDENCES

Most Outstanding Modern

Dwelling Plans

Special to the "Hongkong Daily Press"

The largest building activities from January to July, taking place in Kowloon, are in connection with the European private residences, Chinese houses and group dwellings.. Approximately 240 dwellings have been erected and are in' construction.

The outstanding modern dwelling plan is combined in the "Eu Gardens" block of flats. At present only half the section of this project has been completed. Two groups of flats are in- European House, 3046, Prince Ed– corporated in the structure, ward Rd., owner, Hui Kar-cheong- they consisted of the larger European Residence, 4036,, Argyle quarters having three bed- St. owner. Li Ying-long.

European Residence, 4023, Argyle The purpose of Sir Nevile Hen-rooms (or 2 bedrooms and a derson's recent interview with Herr study), 2 baths, living and S. owner, Yu Kweb-tung.

European Bungalow, Talpo, own-- Weizsacker was to reaffirm this dining rooms, kitchen, and

er, George Fish. principle,

separate servants' quarters.

European, residence, 846, Suffolk There is a garage available Road.

LONDON. Aug 21 (Kentha). The In the circumstances, whichever

Germans have an inspired whis.. way one looks at the issue cited of a pool, to which that Govern-peting campaign, says the' diplo above, the only course appears to|ment and the FR.B. would be ex-| matic correspondent of "The be to regard the allver as being pected to contribute huch reserves Times, which is intended to held in trust for its original own- as they have acquired, to back the

create suspicion and doubt among ers, the people of North China. entire note issue now circulating the smaller powers who look"- to The suggestion has, indeed been in the North, the old, as well as Britain and France for firm made, that the best solution of the new currency.

policy. STUDY DESIGNED to the problem would be to pay cut At present these stocks are show the nature of the to holders of national currency- sterilized. They are not related historical impetus which lay the original contract having be-in any way to the convertibility of behind Britain's Far Eastern come null and void a proportion Northern issues of National cur- Policy from 1931 onwards and or sliver dollars corresponding to rency, which derives from the in- the extent to which, in meet the note issue, since dollar for dol-dependent action of the foreign ing the stresses and strains lar is not possible. It was not bankks. The stocks should be put arising out of the Sino-Jap-made seriously, of course, but with to use Instead of left frozen as

a due sense of irony, and with a they are. anese war, it became deflected realistic sense of original owner-TWO OBJECTIVES: from Its course, has just ship been completed by the Royal Institute of International Affairs. Making use of gener- al statements of polley made from time to time by

and British Ministers

them in reading

the light of what has actually been accomplished, the main features of Britain's policy in the Far East may broadly be defined under the following five heads:-

1. Determination on the part of Britain to take her full share in carrying out international obliga- tions while stopping short of war- like measures, or of such other coercive action likely to lead to war;"

2, Support for China in the struggle to maintain her indepen- dence, again qualified by the same

· condition, as well as by the Gov- ernment's unwillingness to break off s amicable intercourse with Japan;

3.

Refusal to compromise the fundamental treaty basis of Bri- tah rights in China, combined with a certain willingness to negotiate ori individual cases if reason dictates, such a course;

4. Readiness to do everything honourably possible for peace;

5. The desire and constant en- deavour to work in co-operation with France and America.

About 12 per cent of the total stocks. Incidentally, was surrendered by the foreign" mostly British, banks, and none by the Japanese. To that extent the British have some say in the matter.

The principle which, it seems to be, is relevant is identified with the territorial character of these stocks:

They were furnished by the people of North China. who secured this silver in return for their products and services, in "their private capacity, and in pur- suance of no obligations to the Government, such as taxation." LOCAL SOLUTION:

A solution of that sort would be all the more favourably regarded

if it led to a reciprocal ameliora CORRESPONDENCE for each flat.

tion. of the exchange and trade control system. Certain controls would, of course, be required," to prevent excessive. Indation and Hight of capital. There would have to be some definite corres- pondence between the note issue and the available reserves, which would apply more particularly, of course, to the new currency.

Two objectives must be sought, at least greater stabi- ilty, and an improved value, for local currency. Both would be a boon to the people in North China, and they are The people of North China have entitled to this consideration. suffered very greatly from the de- They did their part loyally over preciation of the currency. It is three years ago when they sur- necessary in their interest to at-rendered their silver at the behest tempt to find a solution which will of the Government in return for elevate the status of the currency certain Indispensable under- and facilitate a reduction in the takings, without which the de- disastrous rise in the cost of mand would not have been just!

fied and probably would not have been accepted.

living.

FARM PRODUCE PRICES

To the Editor of the

The other half of this construc- tion will face on the new “North Road and South Road," now being graded and laid. The floor plans. call for the same lay-out as that of the flats facing on Argyle Street. It is hoped that within a year the other section of the flats will be completed and ready for occu pancy.

NEW FEATURES:

European House, 2641, Grampian Road.

Seven Residental Houses Gram- plan Road,'

Block, two Apartment buildings, 2153, Boundry St.

Three apartment buildings, 3667 fats, Argyle St.. owner. Eu Tong sen, Ltd.

European House, Boundary and Poplar Streets, owner, Tse Chak Sang.

11

Chinese House, 2132, Poplar St. Dwelling House, Chai Wan, two- storey, owner, Wong Kit Wan

Residence, York St., owner, Wong Kwai Lun.

"H.K., Daily Press"

...şır,—In a spirit more of curiosi- ty than of criticism I proceeded on one of my regular purchasing tours of the retail market at Re- clamation

on Street, "Yaumati, Saturday afternoon. The report that a decided shortage of vege- tables was making itself already felt arid that prices had risen sharply in consequence. prompted

used in all bathrooms and par- an inquisitive mind to verify facts ticular attention has been paid to Here is the result of a brief in-through draft" in bedrooms and Ma Tan Chay Rd.

vestigation. If it should serve no other purpose, it will at least tend to relieve the disturbed minds of economical housewives with the comforting thought that they and

their

dear hubbles and kiddies

need not have to go without the ample supplies to which our citi- zens have been so cheaply accus- tomed-or shall I say indulgently spoiled-as a matter of course in Hongkong.

New features incorporated in these flats are

the built-in cupboards with inside lighting, reinforced concrete between floors which eliminates sound. Diagonal baths

iving rooms. The heating of these dern fireplaces and possible electric Hving quarters is provided by mo heat, an added number of electric floor sockets throughout the fats having been used.

The owner of this outstanding modern housing project. is Mr. Eu Tong-sen of Hongkong. DWELLING GROUP:

|

Two Chinese Houses, Junction Road, owner, Kin Tak..

Semi-European type höuse, 4044,,

European Residence, Kimberley Road.

St., owner, Marsman, Hongkong Four Chinese Houses, Wong Tal China Ltd.

Two European Houses, Hillwood Rd.. owner, Cheung Put "Ngal

Summer House and bathing pavilion. Se Shi Tan, owner, Eu Tong-sen.

Summer Residence, Ping Shan, owner, Sham Tack. Ying.

Two Chinese Tenement Houses

Four Chinese 'Houses, Nga. Tsin

While in the end a solution must be found on a national..

Indeed, quite a lot of sceptics at basis, conditions now, difer so the time questioned the possibility greatly that local solutions of the ordinary people in the must first be found, "Just as the North surrendering their metal in National Government deter return for paper, In view of the mined "a local solution” In re- traditional value always attached gard to North China currency to a metal currency-and the break?

Following is the group of in- With the advantage of a know-dividual dwellings both European Lion Rock Road, 10 months ago since accen-

with tradition represented by a ledge of colloquial Chinese, I was and Chiness of various dimensions: tuated by the refusal to accept paper currency completely separable to conduct my inquiries in Northern issues in Shanghai.

ated from its former circulation the market stallholders' own lan-

Bungalow, Cornwall St., Kowloon Wai Road. These notes have hitherto been in common with silver dollars. guage. The charge of faked prices

Tong.

Six Semi-European Houses, 2628, described SO-

national currency. Then it was 3.5

European house, 4031 Prince Ed-Castle Peak Rd. mere matter of through faulty interpretation need regarded now convenience, and of care for the

ward Road, owner, Chan Mo Tong. Five Chinese Houses,, Sheung Can they be so

not be suspected, nor can dell-

Chinese tenement type house, Shut. New Territories. berate misquotation of prices be Lion Rock Road. - when, having been repudiated for pockets, that determined whether purposes of foreign exchange by one should prefer silver to paper. sustained. As a regular customer. the Government itself, they are CONTROL SYSTEM:

I received answers from the stall now likewise refused for exchange

holders or their fokis in the or- Certain of these proposals were dinary way.

DETERMINING FACTORS, however, Me in world relations as a whole and one such fac- tor is the effect in the Fai Eastern sphere of the called Chamberlain "appease- ment" policy. Even more im-

into other issues of national cur-

*

portant in its potential effects is the movement to bring about a common front against aggressiön. And a rency in Shanghai? Chungking made long ago, quite. irrespective further relevant factor is the itself has now definitely given of Japanese pressure, but solely | exclusion of the Far East from them a local and territorial from sound economic considera-

the scope of the Anglo-Run- character. sian parleys in Moscow.

NO SURRENDER":

The French Police, or the British

Police, have no authority what- ever to go along to the banks who are at present in charge of them

tions, of which the sterlization of the silver reserves, was one of the most influential, and at a time BRITISH public opinion is

There can be no "surrender" of when the new currency was very an important factor in regard the silver stocks if by that is limited. to the crisis in the Far East.

meant the physical transfer of Care will, of course, have to At first disposed to support the specie to the native city, or

be taken in the systern of, Japan, this swung sharply as the Japanese Concession-where, i control set up to ensure that Japanese action extended its in any event, there are no facili- the development" of North range and especially when it ties for storage corresponding to China is not to be achieved by came up against, and showed the specially-constructed vaults in the unlimited, issues of new scant regard for, the interests which the stocks are at present) banknotes of no exchange value. If that is the Ides be- of foreign countries, with the Held.

hind the demand for the re- result that a wide popular

serves, then the objects of movement grew in Britain

such a settlement would be opposing Japan's aggression,

defeated. protesting against the bomb Ing of Chinese towns and urging the Government to handed over to them. All they can achieved in Manchuria under the 5/NS.304 dated Hong Kong, 7th take measures on China's be- do is to demand their removal July, 1908, for 62 shares num-half. Active protagonists of bered 89265/89326," Certificate this pro-Chinese movement No. 5/NS.2374 dated Hong Kong, advocated the application of 13th November 1912, for 20 sanctions but there was too shares numbered 91879/91898, little co-ordination and too Certificate No. 5/NS. 2377 dated

was spent on Hong Kong, 16th November, 1912, for 9 shares numbered 13556/13560, 65164/65105, 76695 and 62879, and Certificate Pro war dragged on and the at- to China's efforts to preserve visional No. 57/657 dated Hong tention of the ordinary Eng- her national existence. Kong, 20th February, 1922, for lishman was distracted by

much effort

secondary issues to have any profound effect on British policy at the time.

SUBSEQUENTLY, as the

72 shares numbered 128802-international

crises nearer

as members of the Custody Com- mittee, and demand that they be

And that is impractical

It must be a condition of

any solution that they remain

It will be difficult enough as it is to accomplish the stabilization new regime. since the total issues

one-

of old and new currency in the North is said to be about 5600, 000,000 at present, of which Na- where they are.

tional The original

currency is about third. suggestion put forward by the authorities who assumed pow- At the rate of 74.. the existing, er after the occupation of the silver reserves would be about 25 North was that they be repre- per cent, which is something. fo sented on the Custody. Com-. build upon, while the Customs might help in increasing these re- serves by certain arrangements which, I believe, have already been considered.

Powers to prevent the fight of THIS MOVEMENT, which capital would also be necessary,

new currency."

Now let the comparative prices speak for themselves. The mit of weight is catties, not pounda.

Previous

Week's Saturday's Prices - Prices

cents cents

.Vegetables:

Potatoes Marrow

7

B

7

Spinach

7

7

B

B

24

Pumpkin String Beans

32: The explanation for the increase in the price of the last Item is that beans were going

season

Frult;

out of

cents 6

25

cents Small Bananas 6. Persimmons

30 The reason for the substantial reduction in the price, or persim- mons is, the fact that in the pre vious week the fruit had fust come into season; the supply has since been more plentiful.

Н

cents

Pears (Chinese) 12

(superior

15 quality) Guava (accord-

ing to quality) 5

8/12 Pineapples, Tsun Wan variety (going out of season). Pineapples (in-

ported variety) 10

cents

18

7/8

12

Another notable feature: ob-j

In the course of the

and every stall-holder was doing a brisk business in the cheery spirit so characteristic of Chinese, vendors and patrons alike.

European Residence, 2637, Kow- Chinese tenement type: house, loon Tsai, owner, J. C." L. Wơng.

2007, Fook Lo Tsun Road,

European' House, 4036, Argyle St., Block of European flats, 3389, owner, Li Ying Lang, Nathan Road, ́....

Bungalow, Hong Hon, New Terri- Block of European flats, 2819, 'tories, owner, W. Grundmann. Waterloo Road.

European House, New Territories, į owner, Fok Potsal

European Houses, 2017, La Salle Rd., owner. P. K. Wong.

European Houses, 2978, Prince Edward Road, modern flats, garage. owner, Lau Shao Po.

European flats, 3314 and 18 Waterloo Road, owner, Loke Yuen Lok.

Six blocks European flats, 4022, Argyle St, owner, Loke Yuen Lok, European House, 2624, La Salle Road...

European House, Ho Mun Tin Hill Road (3 and 4 room flats). owner, R. GM.

European House, 1970, Cornwall St., owner, C. F. Chan.

san.

Garage, 542. Nathan Road, Chinese House, 110, Temple St. Two Chinese Tenement Houses 2007, Fook Lo Tsun Rd., owner, O." B. K. Wang.

Two Blocks European Flats, Argyle St., owner, Messrs. Hum- phreys Estate & Finance Co.

Two European Houses, 2632, Tai- po Rd.

Chinese House, Tam Kung Rd: Four European Houses, 3705, Aus- tin Rd.

Three Chinese Houses, Tui Fo Fong St.

European House, Kadoorié St. Three European Houses (type) Yin Po Tong St.

Five:Buildings, European Houses, Lau Wei Rd.

THE ARCHITECTS:

European House, 3690, Hillwood Road, owner, Li Yuk Lam.

Europeari ́ Houses, 4011, Prinče Edward Rd.. owner. O. Wong Y the plans pertaining to the above The architects responsible for

construction. are all local and Chinese Houses, 119-121, Temple follow: A.. H. Baste, Messrs. Chan St.. Yaumati (new Chinese restau- and Lee, Messrs. K. C. Chin & Co., rant).

J. C. Clark, Messrs. Davies, Brooke Chinese House, 2184, Kowloon City owner, Taang Hin-shum Messrs. Hazeland and Gonella, W. and Gran, Fung Tsun, J. §. Gibson,

Village House, 2840. Kowloon

8. "Ing. Io Hin Fong, Iu Tok Lam, City," owner, Chan KI Chan.

A. J. Lane, Messrs. Leigh and European House, 4005, Prince

Orange, Y. C.. Mok, Messrs. Palmer Edward Rd

and Turner, Fun In Tat, A RAP⠀ European Residence, 2637, Kow- Raven, H. M. Sin, Messrs. Way and Hall, C. T. Wong. T, C. Wong, and

loon Tsai, owner, J. C. L Wong..

Two Chinese Houses, 3312, Pine M. A. Xavier

Two Chinese Houses, 3313, Kow-

་"

St., owner, Mok Ban Chuen;

loon City Rd., owner, Mok Ban Chuen

The population of the province

of Bintang has presented derp-

#128873,, all registered in the name home, popular interest in the derives considerable support but co-operation of all the banks of Rafael Perez, have been LOST Far East inevitably flagged from British business organ- should be able to safeguard the

and the Opposition parties in Izations in China and the Far new financial structure against servable OP STOLEN, and should these Parliament similarly turned | East, has been strengthened this danger, provided there were afternoon's visit was that there Summer House, Ping Shan, own planes to the Chinese Government. certificates not be produced to the from their advocacy of by Japan's determination to corresponding safeguards against was an abundant simply of the er, Cheung Hing de Co.

The money for the purchase of Bank before the 26th August positive action against Japan monopolize the economic feia undue inflation of the issue of different fruits and vegetables.

Four European Houses, 3519) the planes were raised by collec Ashley Rd. NATURA **tion of voluntary contributions by Chinese House, 1588, Castle Peak the inhabitants of the province. Road, owner, Woo Hing..

belonging to 14 different races Beven Chinese Houses, Un Long (Transocean), Two Chinese Houses, 3284 and 85; Ping St.

Three Chinese Houses, 4035, Yim Fo Fong St.

Two Chinese Houses, 3305, Fing Four Chinese Houses, Un Long. Two Chinese Houses 2041; Nam Two European Houses, Chant- feur's quarters and garage, 3003 Waterloo Road, owner, Wong Kam- Duf

the

1939, new certificates for the 288 to constant urgings. on the in China, and by a growing shares and the aforesaid, Certi-Government to Implement conviction that the prospects

BUS RUNS INTO Bcates Nos. NS.928, NS.929, fully the obligations which for British trade and Invest- NS.2249, NS.2250, NS.2251, Britain had undertaken in ment in China would be more PRIVATE CAR

It has been for me a pleasing 5/NS.304 5/NS.2374,,^5/NS.-

matter of extending favourable under a Chinese A bus and a car were involved practice for many years to visit 2377, and Provisional No. 57/657 economic and financial aid to than under a Japanese re- in a collision at the junction of the markets at regular intervals.

China. But though this may

gime.

Nathan Road and Jordan Road If my little experience of last will be thereafter treated by this have been the case, strong THE CONSENSUS in this about 7.15 o'clock last night Saturday related above should Corporation as Null and Vold.

demands continue to be made part of the world is that Mr. of Hore was proceeding along the markets among European „Private car” No. 3688; - driven by help to promote the popularity af for more vigorous Govern- Chamberlain and his asso- Jordan Road and when turning housewives, I would assure them ment action both in resisting ciates would do better to view tato Nathan Road, bus No. 831, that they have all to ssin and Japanese encroachments on conditions more realistically which was following behind nothing to lose-except perhaps British rights and interests in and look more to the future bumped int the car damaging the in the eyes of their China and in giving en-than to his policy of appease rear off- couragement and assistance | ment.

By Order of the Court of Directors.

V. M. GRAYBURN.

Chief Manager. Hong Kong, 26th July, 1939,

person was the practice would be infra dig

gt ve

Lok Road,

WIN

$50

page