1940-02-24 — Page 6

PAGE 6-HONGKONG DAILY PRESS

NEW ADVERTISEMENTS ADVERTISEMENTS The Daily Press

NOTICE

Notice is hereby given" that a Meeting of Creditors of The

Hong Kong Dairy Supply Co

Ltd., (In Liq.) will be held in the offices of Percy Smith, Seth & Fleming, 6 Des Voeux Road

Central, on Saturday, 24th February, 1940, at 10a.m. for the purpose of considering cer- tain offers received for the sale of the Plaut, Machinery and Goodwill of the Company.

D. BLACK, Joint Liquidator.

517

THE HONGKONG ELECTRIC COMPANY, LIMITED.

NOTICE is hereby given that the Fifty-first Ordinary Yearly Meeting will be held at the Com Pany's Registered Office, 4th Floor, P. & 0. Building on Thursday, 21st March, 1940, at 11 a.m. for the purpose of pre- senting the Report of the Direc.. tors together with a ̈ Statement of Accounts to 31st December, 1939, electing Directors and Auditors and fixing their fees.

The Register of Members of 93 the Company will be closed from 9th March, to 21st March, 1940, both days inclusive, during which period no transfer of shares can be registered..

HONG KONG CRICKET CLUB.

TENNIS TOURNAMENT 1940.

Entries close on TO-DAY, 24th February, 1940, at 6 p.m.

*79

HONG KONG & SHANGHAI BANKING CORPORATION.

NOTICE is hereby given that the Ordinary Yearly Meeting of the Shareholders in this Corpora tion will be held at the Head Office of the Corporation, No. 1 Queen's Road Central, Hong Kong, on Wednesday, the 28th February, 1940, at noon, for the purpose of receiving the Report of the Board of Directors together with a Statement of Ac counts for the year ending 31st December," 1939.

The Register of Shares of the Corporation will be closed from Thursday the 15th February to Wednesday the 28th February, 1940, (both days inclusive) dur ing which period no transfer of shares can be registered...

By Order of the Board of "

Directors,

V. M. GRAYBURN,

Chiel Manager. Hong Kong, 8th Feb., 1940.

THE HONG KONG LAND INVESTMENT & AGENCY "COMPANY, "LIMITED.

65

NOTICE IS HEREBY GIVEN that the FIFTY. SECOND ORDINARY GEN. ERAL MEETING of SHARE. HOLDERS in this Company will be held at the Offices of Messrs. Jardine, Matheson & Co., Ltd., on TUESDAY, 12th March, 1940, at NOON for the purpose of receiving the Report of the Directors together with the State> ment of Accounts for the year ended 31st December, 1939.

The REGISTER of SHARES. of the Company will be CLOSED from MONDAY, 26th February, 1940, to TUESDAY, 12th March, 1940, both days inclusive, "during which period no transfer of shares can be registered.

By Order of the Board of Directors,

́0. EAGER,

Secretary.

Hong Kong, 19th Feb. 1940.

What do

you want?

If there is anything you want to buy or *sell, try a uznall Classified « advertise- ment in the Hong- kong Daily Preza.

words $1.50 prepaid

for 3 insertions.

77

By order of the Board of Directors,

GIBB, LIVINGSTON & CO., LTD. Agents. Hong Kong, 22nd Feb., 1940,

91

THE HONGKONG ELECTRIC

COMPANY, LIMITED.

NOTICE is hereby given that an Extraordinary General Meet. ing of the Company will be held in the P. & O. Building, Victoria, in the Colony of Hong Kong, at 11.15 o'clock in the forenoon on Thursday, the 21st day of March, 1940, or as soon thereafter as the Ordinary Yearly Meeting of the Company shall have terminated, for the purpose of considering and it thought fit passing the fol. lowing resolution as a special resolution :---

That the Capital of the Company be increased-from its present Capital of $6, 000,000 Hong Kong currency divided into 600,000 shares of $10 each tp $18,000,000 Hong Kong currency divided into 1,800,000 shares of S10 each and that such additional shares shall tank in all. respects pari passu with the original Capital of the Com. pany.

#EF

Editorial and Business Office: 15-19, Queen's Road Central, Tel. 30251,

Night Editor (Wanchal Office):

Tel. 24511.

London Office: 53, Fleet Street:

E.C.4.

HONGKONG, FEBRUARY 24, 1940

JAPANESE FRANKNESS

THE JAPANESE, who only a

EDITORIAL

SATURDAY, FEBRUARY 24, 1940.

SECOND ANNUAL REVIEW OF CHINA'S

DANCE OF

H.K. POLO CLUB

..

The second annual dance of the Hongkong Polo Club was held at the Peak Club, last right, and was a great success.. Hal Lorenzo's Band was in attendance and an excellent programme was provided for the large gathering present.

H. E Major General A. E Grasett and Mrs. Grasett were pre- sent. There were also large parties as the guests of Mr. and Mrs. J. K. Bousfield, Mr. and Mrs. D. L., New- biggin and Capt, A. F. D. Colson. The dance committee consisted of M and Mra J. K. Bousfeld, Capt, and Mrs. S. Burn, Capt, and Mrs. W. B. Wilson and Lieut. B. R. Smith

ENTRIES FOR DOG SHOW TO CLOSE

few weeks ago were voci- ferously denying the authen- ticity of the terms of "peace" with Wang Ching-wel as re-

ON MONDAY vealed by Messrs. Kao Chung-.

Owing to the large number of wu and Tao Hsi-sheng are now about to announce offi- late entries coming in for the Dog cially the "real" conditions Show, the Committee of the Ken- contained in the agreement.nel Club have decided to receive To prepare public opinion for entries until noon on Monday. this announcement, the Japan Times, organ of the Foreign. Office, has already issued & recapitulation of its contents, reported yesterday" by Reuter. Let us see what this account contained..

Owners are advised to forward

FOREIGN TRADE: JANY. NOV., 1939

Currency Depreciation: Exports And Imports

BY JOHN AHLERS

Monthly importa of China in the first seven months of 1939 were substantially higher than during the latter months of the same year. The cessation of large-scale Chinese exchange allot- ments to Shanghai and the depreciation of Chinese national currency resulted in a severo reduction, ~

In the last four months of the year, under review, the war. in Europe emphasized this trend.

FINE VIOLIN RECITAL

The violm recital given by Mr... Chao Pu-wel in the Roof Garden. of the Hongkong Hotel last night. evoked the appreciation of a dia- criminating audience. It was one of the most successful concerta given by a Chinese musician in Hongkong.

The programme was as follows:' 1. Sonata No. 4 in D (Handel). 2. Adelaide Concerto (Mozart). 3. Romance in F, Op. 50 (Beethoven),. 4. Legend Op. 17 (Wieniawski), 5. Sonsta No. 12 in E Minor (Paganini), 8. Zigeunerwelsen Op. 20 (Sarasate)

Frot. Harry Ore accompanied on the piano.

PASSENGERS

Miss B. G. Coyle, President and

Chinese exports, on the other The chief reason for this sur- hand, were greatly encouraged by prising decrease was the impos- the same developments and, since sibility for the Japanese to ex- Director of the Business Equip September, 1939, have experienced tract once again large quantities ment Co. of Manila, and of the Office Appliance Co., Ltd., "of a steady increase not only in or raw cotton from the occupled Shanghai, and Hongkong. was an value, but also in volume,"

i areas. The latter's raw cotton exports to Japan in the first

their entries with as little delay as possible to the Hongkong Dog show ornice, Room 65, Stock Ex-118.659; change Building, Ice House Street,

WEDDING AT

REGISTRY

BEGINNING with the cus-

Before the Deputy Registrar of tomary expression of deter- mination to give all support Marriages, Mr. T. J. Gould, at the to the future central puppet Registry. Supreme Court. yester- government, the summary day Miss Cheong Shult-chun, of immediately makes it clear No. 5 Fenwick Street, was married a show of "Into L/Cpl. George Edward Brown, that while

of Wellington Barracks. dependence" may be all very

ANNOUNCEMENTS the new regime will have to serve its masters faithfully-riages are announced: or else. It begins in dulcet tones, thus:

well for outside consumption.

"The new Government. must become qualified and powerful so that it can build up a new order in East Asia in co-opera- tion with Japan. When it ...... reaches this stage, Japan will tormally recognize the Central Government, adjust Sino-Japan- ese relations, and make efforts to induce other Powers to do the. same."

But the pose of altruism does not last. Paragraph 3 voices a brutally frank warning:

The following forthcoming mar-

Mr. Morris Ratcliffe, Petty Off- cer, Royal Navy, and Miss Ella Vivian Nanak, of No. 26 Haiphong Road:

"Dr. Secto Eng-kee, of Na 36 Kal Tak Road, second floor, and Miss Helen Au, or No. 9 Stewart Road, second Boor.

CURRENCY ISSUE

to

arrival in the Colony yesterday,

Other arrivals were Mr. J. B. The currency depreciation, of eleven months of 1938 totalled. Chang, Mr. W. M. Chang, Mr. course. made a genuine increase of C357,800.000, but in the corres- Cheng Chung-wing Mr. S. T. 1939 over 1938 exports illusory, al-ponding period of last year these Cheng, Mr. F. 9. Chien, Miss M.

had been reduced to though export totala rose coast-exports

Jorsick, Mr. and Mrs. A. H., Kella- On the other C$3,600,000 only. derably:

way, Mr. Lang Chung-wah, Mr. hand. Japan managed to increase and Mrs. M. C. Lang. Master Exports (in Chinese Dollars) Jan.-Nov., 1939 all China $905.- her coal imports from the oc- Lang Ho-yu, Miss Liang Han-

Shanghal $511,220.000: cupled areas by C$9,700.000

Ông Mĩ La Hung chua, MI E C$20,300,000. North China $188.809.000.

Louche, Mr. L. E. Mladínich, Mr. Jan-Nov. 1988 all China $703.-

9. Pan and Mr. C., L. Shopper. $195,089,000: 020,251; Shanghai

The following passengers are ex-

arrive in Hongkong North China $236.585.000,

pected to shortly:-Mr. A. W. Bouzne. Jr., Mr. Rise (Drop) all China $202,098

Percy Cotton, Mr. P. M. Davenport, 408: Shanghal $318,131,000; North

Mr, Juong King Dong. Mr. Byrca China (-47,776,000).

Fox, Mr. V., Y. F. Lam, Mr. Hap EXCHANGE CONTROL

Wo-ng. Mr. Robert Rinden, Mr. N. Shanghai and North Ching er-

E. Rosenhirsch, Mr. E. M. Van ports together accounted for al-

Voorhees, Mr. A. D. Zaporetsky, Mr. *UNFAVOURABLE BALANCE .... most 80 per cent of all Chinese

The balance of China's foreign C. Cheow, Dr. Barbara, Deremer.. exports, as compared. with, a little

trade was continuously unfavour-Miss Edna Engle, Miss E. "Hendrick- over 80 per cent the year before The corresponding decrease in able throughout the year under son. Mr. A. F. M. Li, Dr. and Mrs. South China exports WES due review. As expressed in British, H. D. Lie, Mr. and Mrs. E. H. Lock- O'Hoy, Mr. Sing Quan, Mr. and Mrs. primarily to the Japanese capture currency. this "balance presents wood and 2 children. Mr. Alfred

P. K. Wong and son.· of Canton, as well as to the Nip-Itself, as follows:

January-November ponese operations against other southern ports.

ports

to

The next important custom- ers of China were Great Bri- tain-(9.23 per cent), Germany (6.88 per cent), and French Indo-China (497 per cent). Sino-German trade Was al- most wiped out by the end of the year,"due to the war in Europe.

1939 1939 £75,351.809 £45.863,972 22.174,397 .. 29,456.610

H.K.U." WOMEN TO DEBATE

The decline in North China' ex- Imports the Exports is attributable

A dobat, by the Hongkong Uni- Japanese-managed exchange con- Import trol of exports. Arst introduced in

Surplus £53.177.412 £16407,362

versity Women Undergraduate's that part of the country in March

IMPORT SURPLUS

Club will take place on Monday, and generalized in July, 1939. It The tremendously increased im- at 5 p.m. in the Union Assembly was only the Shanghai export in-port surplus was largely covered. Room.

certain crease which to

The motion under debate will be: extent during the first seven months of demagogy, concealing the

1939. by means of Chinese ex- "That the emancipation of women universal Japanese ambition saved the situation.

This fatter increase, how- change allotments to Shanghal has not made them happler." that this very same Konoye to conquer all China, and

The proposers are Misses Mar- eyer" was due chiefly to ex- After these allotments had been i was the gentleman who spoke

panded activities of Shanghai discontinued in July and Chinese jorle Lee, M. Yu and I: Chen, and Industries. Shanghai - manu- national currency depreciated, im- the opposers Misses J, Citron, Lati- so eloquently of "beating

factured textiles accounted for

parts decreased and exports rose. fa Ghowes and Daphne Ho.

The meeting will be open to all "The Japanese Government | China to her knees" so that

the bulk of Shanghai exports, improving the balance of trade i thinks that the new order in East she might better appreciate which towards the end of the though not abolishing the import interested. Asia will not be prejudiced if the her neighbour's good inten-

surplus. year under review amounted new Government has the pure tions. In short, the fig-leaf to over 70 per cent of China's The latter, however, declined Three People's Principles as its

total exports.

from

of monthly a

Average guiding policy, provided the new explanations of the Japan

The trade barriers erected m £5,000,000 during the first eight Government does not assume Times only supplement the

of 1939 to less than anti-Japanese and pro-Com-Kao-Tao exposures and help the occupied areas by the Japan-months munist policies: The Japanese to prove the irretrievable ese gradually reduced the share £2,500,000 in November.

In Shanghal exports of agricul- Government is determined to depths to which Wang Ching-tural and animal products of the 'take full care in guiding the new wel has sunk.

Central Government so that it will not repeat the errors of the Chungking Government." AFTER THIS AMIABLE be 1. That the Directors beginning, which casts a most. and they are hereby au- revealing light on the new thorised to capitalise the sum found patriotism which true touch of Mr. Micawber. Sea countries rose perceptibly dur

:

And for the purpose of con- sidering and if thought fit passing the following resolutions, namely

the

BEFORE CONCLUDING this survey of the Japanese terms, it is instructive to see how they dispose of the legal Government of

China

hinterland to only 20 per cent.

Ji

SHANGHAI BENEFTIS The outbreak of war in Europe! benefitted Shanghai industrial ex- ports, first of all, in the field of in textiles. Shanghai shipments: ot

Chungking. Here, there is a

cotton yarn and goods to South

silk to C$8,500 per plcul.

The excess of imports occur. red chiefly in Shanghal and Free occupied areas while China in the second half of the year under review manag- ed to show a definite export surplus in its commercial turnover.

BIG HILLSIDE

FIRE QUELLED

The whole of the staff of the Repulse Bay Hotel was called out. yesterday afternoon to combat an extensive fire which enveloped the entire hillalde behind the hotel within about half an hour.

In it early stage, the fire swept. down towards the hotel and came" alarmingly close, although the staff were equipped with brushwood Ilned out to beat out the blaze.

At about 2.30 p.m., however, the The following figures show the wind changed and the fire began

EXPORT SURPLUS

Wang has been parading so The Chungking Government ing September-October. and the amount of foreign trade and the to sweep upwards.. un alluringly in his Shanghai will either decay as the re- European war sustained also the big expert, surplus as recorded by

newspapers,

statement sult of the healthy develop- silk export boom to America, per- the "free ports" in China between gets brutally down to bust-ment of the new Central Govmitting price increases in the best January and November, 1939:--- ness. The establishment of ernment and (delicate hint) qualities of Shanghat white raw Jan-Nov, 1939: Customs Figures the brand-new. "independent" the pressure of military cam-

Imports Chinese Government, it takes.

paigns by the Japanese forces pains to explain, will not in China, or will dissolve

.34.243.000 51,009,000 18,766,000 make any difference to the

naturally." monopolies which now give

20,563,000 31,157,000 10,564,000 the invaders a lien on the THEN A SOMERSAULT. haustion. However, the British. resources of the conquered Having so happily settled the French, and Netherlands colonies

problem, the Japanese turnin territories.

of $3,000,000 Hong Kong currency part of the divided profits of the. Com pany standing to the credit of the Company's Reserve Fund and to allot to the Members holding shares of the Company as on the 1st day of July, 1948, in respect of the net amount capitalised fully paid shares of the Com pany of equivalent nominal value in the proportion of опе share for every two shares of the Company then held by such persons respec tively and that such shares so allotted "shall rank for dividends as from the ist day of July, 1940.

2. That if, on such dis tribution as aforesaid, "any person would be entitled to n fractional share the Directors shali, In lien of issuing Fractional Certificates, cause

mixture of cajolery and threats:

In November, Shanghai cotton products exports declined again. Lungchow and

December saw Shanghai's supply of silk rapidly nearing ex- Mengtsz

Southeast Asla placed in to the Government that is Shanghai, large orders for fron The two national companies about to "fade away" with a materials and attinga, electric

and

electric steel, metalware, ́-

lamps and bulbs, medicinal pre- parations,gramophones. china- "Japan's policy of 'no dealings ware, leather trunks, paperware, with Chiang Kai-shek' is im- as well as other articles in re- movable so long as the Chiang | placement of European goods. Kal-ahek regime does not recon- Thus Shanghai entered upon sider · Its precarious situation || 1940 with continuously good, ex- ang disband. The necessity of port prospects : stationing large Japanese forces

of Japan in China, the North China Development Company and the Central China Develop- ment Company will not be sub- Ject to any change in their legal status as semi-official Japanese concerns even after the estab- Ushment of the new Central

· Government.. "The Japanese Government assumes that the projected

Central Government will not absorb the Federal Re- serve Bank Central' in name, In view of its special mission."

OVER THE QUESTION of territorial cessions and in-

in China, moreover, will be re- moved

when the Chungking Government reconsiders and pro- poses peace with Japan, or parti- cipates in the Wang Ching-wet Government"

·IMPORTANT CUSTOMER

ید

Exports Surplus

Export

Luichow

Pakhol

Kiungchow

t

12,615,000 17.178,000. 4.001,000

2,014,000 13,022,000" 15,008,000

1.319,000 1,488,000 169,000

70,754,000 117,854,000 47,100,000 (China Information "Committee)

AN EPISODE IN THE LIFE

OF LOUIS PASTEUR

...

** One day, about fifty years ago, Louis Pasteur, the founder of the Institute bearing his name, was in the apartment of a rich Parisian lady, waiting hat in hand for an interview, There was some heslta- tion about letting him in. "It's an old gentlemen," said the servant. "Is he by chance the Pasteur who cures hydrophobia?" said the mis- tress. The servant made the enquiry. "Yes," sald · Pasteur, "Im the man.".

Pasteur died in 1895, but the Pas "The most important customer of He entered and explained to the Chinese goods in 1939 became the wealthy Parisian lady the kind of teur Institute ensures the con United States, superseding Hong-Institute that he wished to found. tinuation of his great work in the kong which was in the lead the Warming to his subject, he became French colonies it vigorously fights tropical diseases, amongst which {'eloquent, bu, year before. "Chinese exports to

1,460,000 FRANCS malaria holds, a predominant place. USA in the first eleven months

"I am sorry that I am obliged to Its important work is undoubtedly INTERESTING "OR" The of the year in question rose to

importune you by asking for a supported by the research of the to a person or persons to be fog of confusion. On the one great, the new, the "Central" C$194,527,000, forming 21:43 per donation," said he, apologetically, Malaria Commission of the League named by the Directors and hand such demands are Wang regime to which Im- cent of China's total export ship the smallest sum will be gratefully of Nations which recommends, as such share shall, at such specifically disclaimed. On perial Japan pledges her un-ments. Chinese exports to Hong- received...

preventive measure against ma- time as the Directors think the other, the document de- dying support turns out to be kong in the same period were And Madame Boucicait for auch laria, a daily dose of 6 grains of fit, be sold and the proceeds clares that the "Japanese no more than a bogey to scare C$188.073.000 or 20.72 per cent, was her name quite as embarras quinine, during the fever season. distributed amongst the per Government is determined to the real Government of China By November, 1939, the United sed as the scientist in his role of and a dose of 15 grains to 20 grains sons entitled to the fractions make the Chinese under- into making peace. As one States share in China's exports beggar, acceded to his request. She of quinine every day for 5 to 7 days making up such share,

On page 124 on which Japan is to conclude cument, what, emerges is not in Shanghai to 44 per cent, while to Fasteur. The latter, whilst the share of Hongkong had de taking his departure and expressing peace with China, terms based any apprehension for the clined to 17 per cent, this thanks, mechanically unfolded/lish edition), fasued in 1938, this

the whole share to be allotted 'demnities there is a discreet

By order of the Board of Directors,

GIBB LIVINGSTON & CO., LTD. Agents.

Hong Kong, 22nd Feb., 1940.

an attack.

stand fully the tolerant terms reads this extraordinary do had increased to 35 per cent, and wrote a cheque and handed it fold-or treat of its report (Eng

same Malaris Commission stresses The Japanese Empire followed the cheque and saw the amount the fact that the harmlessness of in Prince Konoye's state- future of Chinese resistance ment." "It is hardly necessary but a startling confirmation, only in the third place. Chinese inscribed. Senere

quinine makes it a suitable "drug; to add that the Konoye state- of the war-weary weakness exports to Japan proper, Korea | “But, Madame "ah

he stammer- ment called for stationing of and waverings of the nation Formosa, and the Kwantung ed, and the tears ran down his for administration by subordinate troops in North China and that set out to build an empire Lessed Territory in Jan, Nov 1938, cheeks. The lady berzelf was so personnel without constant super- Inner Mongolia, that sub- on the prostrate backs of the were $117,200,000 stowing a deaffected that she was enable to re-vision, whereas such supervision, is sequent elucidations made it greatest people in Asia and crease of CI$3,200.000 as compared train from crying. The cheque was essential in the case of synthetic

So, with the year before

made out for one million france products. 92 clear that even this was pure failed.