1939-12-14 — Page 11

Daily Press 孖剌西報 All

HONGKONG DAILY PRESS

Finance and Commerce

Administrative Programme For Szechwan Promulgated

CHENGTU, Dec. 12 (Central)-A nine-point administrative programme for Szechwan, outlined by Generalissimo Chiang Kai- shek who is concurrently Governor of the province, has been promulgated.

The nine points are peace preservation and bandit suppres- sion, opium suppression, civil service, local autonomy, finance and currency, land administration, health economic reconstruction and education.

In regard to peace preservation į tier of land surveying in the whole and bandit suppression, the pro- province. "gramme provides for the whole-

In regard to health administra- sale reorganisation of the pro- ton. the plan provides for the vince's police forces and the effec, establishment of hospitals in the tive distribution of the Peace Pre-border regions, the training of

SILVER MARKET -

LONDON SILVER

FINANCE

JECONOMY IN EXCHEQUER RETURNS

FUEL

LONDON, Dec. 13 (BWS)—EX- chequer returns show that the to- tal ordinary revenue amounts to £274,808,000, compared WIEN $237,986,000 at the corresponding date of last year.

Recently attention was drawn to the developments that have taken place recently in the a of producer gas in internal combus- Total expenditure, less self- tion engines, the gas being derived balancing items, is £781,789,473, London, Dec 12 (Reuter). Silver-India .. and speculators from anthracite coal of the typ.compared with £895.132,858 a year bought. Business small Market most suitable for the purpose, ago.

It is of interest to users of motor steady. In the afternoon, the

who

likely

to market was. firm, with small In-vehicles dian buying at 1/18 over the fixed experience dimculty m obtaining rate. The market closed with their supplies of petrol or oil buyers at the rate and sellings holding off.

Spot, 23-7/18d. Forward, 23-5/8d.

NEW YORK SILVER

New York, Dec. 13 (Reuter). Omcial Price, 34-3/4.

BOMBAY SILVER Bombay, Dec. 12 (Reuter).

but it may be useful to point out that its use is by no means con- fined to such applications,

Now that motor units are being used for powering small factori and Works and *for driving machinery of different sorts on plantations and farms it may be pointed out that equally satisfac- tory results can be obtained under those conditions,

and that

THURSDAY, DECEMBER 14, 1939. —PACE

Floating "debt outstanding Dec. 9 was £1,472,975, a net In- crease of £552,855.000 since the beginning of the anancial year JAVA and against £1,018,000 at the cor- responding date of 1838.

LONDON METALS

EXCHANGE

London, Dec, 13 (Reuter).

TIN

onyers sellers

servation Corps. It also calls tori veterinarians and the increase Market-Steady. Oftake 100 bar anthracite or low temperature coke Standard, Cash 272

the eradication of bandits.

the production on serums.

PLANNING" BOARD

Opium suppression is to be ex- pedited. An investigation into the i In the field of economic recon- exuct number of oplum addicts is struction, a Production Planning to be completed within three Board will be organised; Factories, months. Clinics for oplum addicts, "will be established to manufacture capable of accommodating from necessaries. The establishment of

• 500 to 1,000 inmates. will be consumers' co-operatives will be established in every hislen. Cult- encouraged. vation of poppy, hoarding of and traffic in optam are to be strictly

prohibited...

CIVIL SERVICE

Efficiency in the civil service will be increased and a certain degree of local autonomy will be encouraged, according to the acheme.

Regarding the province's finance i and currency, the programme calls for the institution of budgetary, accounting. auditing and public treasury systems." Taxation and financial administration will be improved.

Standard,

CHINA

€

Indian Mint Süver

272-1/2

may be utilised.

Ready Jan. 6 Settlement

JAPA

Feb. 9 Settlement

82-0-1 62-08 83-04

In that connection. It may be

3 months 268 noted that the Brush Electrical Standard, Engineering Co., Ltd., has acquired Settlement Price the patents and taken over the Straits manufacture of a system which will be known for the future as the

288-1/2

272-1/2 202-1/2

agreement for the loan has been Brush-Keola gas producer. It has, signed between the Bank and the Aside from serving for tilga- Reconstruction Department of the

been tested under conditions in all provides tion, the main waterways in the Honan Provincial Government, and 8.000-mile journey of a vehicle so parts of the world, including the province will be opened for navi- Mr. Liu Ming-fu, the Bank's re-equipped which went from London gation. Dams will be built A presentative, has arrived in Loyang to India, including Persia, Irak network of long distance telephone Surveying..conditions..

arld Afghanistan. We learn that a lines will be laid. A Szechwan

number of the plants have already Industrial Depelopment Bank will

been shipped overseas and The plants are being designed so being successfully operated. that they may be used on all classes Apart from the fact that it of motor vehicles as well as for the

be opened.

As one of the agents for govern ment treasuries, the Farmers Bank will establish a number of agencies As regards education, a middle throughout Honan. Sixty of the school centre will be established bank's staff are being trained to and free and, muss education pro-handle the new work.

moted.

RURAL CREDIT FOR HONAN LOYANG, Dec. 12. (Central)- A sum of $8,000,000 will be ad- vanced to promote, agricultural;

Hozan by the in Bank of China. An

The programme sets five years production as the time limit for the comple- Farmers

HONGKONG SHARE QUOTATIONS

STOCK EX CILINGE

Buyers. 4-ilera Sales Nomics!

SHAREBROKERS' ASSOCIATION

WED.. 13." DEC.

Bayurs Sellers Sales Namin!

H.K. STOCK EXCHANGE

The session was 100 short for the market to get properly going. however the transactions report- ed indicate the market continues | steady.

BUYERS

H.K. Bank, $1330,

Bank of East Asia, $721.

Union Ins., $395.

Douglases, $714.

are

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MODERN

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that by this means economies may fuel there is the important factor be effected which in the Home small and large engines on which It is a development country are more than enough to agriculture and industry depend promises to have very important justify a Brush-Keola plant being for their power, and the makers results, and the makers will be installed,

have made plans to produce them ready to supply particulars of the very rapidly so that there may be actual fittings suitable for any no delay in delivery.

1939-12-14 — Page 11

Comments

Private Research Note