1940-02-27 — Page 9

Daily Press 孖剌西報 All

HONGKONG DAILY PRESS

Finance and Commerce

"PRINTING SYMBOL OF LIGHT STILL

ago

ન

CHINA ISSUES FIGURES ON WARTIME EMISSIONS

Figures on notes issued by the four Chinese government banks from the end of June, 1937 to the end of 1939 a period of two and a half years are published in the December 1939 Issue of the Cen- tral Bank of China bulletin,

FINANCE

BRITISH SHIPPING

LOSSES

Out

328-Page Newspaper Issued

TUESDAY, FEBRUARY 27, 1940. -PAGE SUIYUAN - THE STORY OF A CITY

CITY ENSLAVED

This story is told by Chinese agents in Japanese occupied Suiyuan City. Conditions in other "occupied" Sulyuan cities, ac- cording to the agents, are very similar.

Salyuan City, capital of Suiyuan Province, has been renam- MEMPHIS, Tenn. - Present-

ed the Municipality of Houho by the Japanese. Outwardly the" ing a front page with headlines

place still retains its pre-war prosperity, but terror and tension set by hand as they were back

provall, throughout the city. in 1840, The Commercial, in celebrating

Business in Sulyuan City ap in large numbers in the Sulyuan years publication, issued here a 928-imited to Japanese theatres, res-policy acts as a two-edged sword,-. pears good." But prosperity is city. However, this degenerating

100

page Centennial Edition,

taurants, and

marine of 21,000,000 Weighing five pounds a single Bangnotes" of the

public

nave

morale and discipline. are in circulation, As gence In these

including

The Admiralty on Feb. 8. issued accurate figures to correct the giosa exaggerations of the German broadcasts which claimed to have destroyed 409 merchant ships. NEW YORK.-The Importance of

Ailled and neutral, totalling 1- printed matter in the spread of

493,431 tons, since the outbreak education and civilisation is

of war. "The four banks, namely, the munications and the Farmers great today as it was half a mu-Central Bank of China, Bank of Bank of China had similarly put mercantile

of & total British lennlum and its limitation China, Bank of Communications more Notes into circulation, hav-

houses for Japanese officers and men are must be strenuously opposed, ac- and Farmers' Bank of China hading $48,454,670 and $326.019.345.

tons the Germans, by all the copy, this edition is said to be the Bank

"Mongolian now gradually finding that indul- weapons at their disposal-warship largest ever printed in the Nation those notes cannot be cashed and cording to Stanley H. Howe, ex- combined note issue of $1.407, respectively.

plates, *ruins raiders, submarines, mines. As the situation stood at the bombing aircraft have actually issue published in Florida during authorities, nobody wants to save ecutive secretary of Mayor Florello [292,331 in June, 1937.

or with the exception of one special are not recognized by the Chipssie H. La Guardia.

This was followed by a steady end of 1939, the Central Bank of succeeded in destroying up to now the real estate boom,

PUPPER "EDUCATION" Spenking before members of 36 increase." By the end of 1937, China maintained its leadership just over half a million tons.

them. so every cent earned 1s Sulyuan City before the war had printing trade organizations in a after the first six months of the with $1,346,979,745 as against $771,-.

Eleven carloads of paper-ap-spent. The circulation of Chinese nine middle schools, If the programme commemorating

to the hostilities, the total note issue of 997,105, $597.378.285 and $385.432-mercantile marine in the same consumed

gains British proximately 600,000 pounds-were legal tender is strictly forbidden. three normal schools, two voca- anniversary of Benjamin Franklin the four banks stood at $1,639.-160 issued by the Bank of China. period be taken into account-by Edition. It took 10,300 pounds. Chinese legal tender in his possea- in the Centennial Anyone who has more than $5 of

tional schools, two girls' schools, and the 500th anniversary of 097,783. By the end of June, 1938 the Bank of Communications and

and two schools for Mongols. All printing with movable type `at reached $1,726,997,835,

new construction, enemy. captures or 1,300 gallons, of ink, to print sion is shot. the Farmers Bank of China, res-

were suspended after the outbreak City Hall here recently, Mr. INCREASES IN 1938. "

or purchases abroad-the net loss the entire Issue. pectively

of hostilities. There is now only a Howe saw Adolf Hitler and Joseph! The figure by the end of 1938

Is only 134,000 tons, less than 1 Regular subscribers received the

MONOPOLIES FULLY SECURED

"Mongolian Cultural Stalin

Institute" attempting

per cent. curb was not, available, but June, 1939.

Centennial Edition "without ad- All these notes are fully secur-

Monopoly rights in wool, fur, giving Japanese education to a few education

French losses through suppressing the total had increased to $2,628.-ed by cash reserves consisting of ships,

been. 19 ditional charge while non-sub-and coal have been granted to Mongolian and Chinese middle printed material..

929,900. Finally by December 31, gold, silver and forein exchange, serious matter.

totalling 62,000 tons-no scribers were sked. 50 cents a Japanese concerns. No private school students. All primary

copy. 1939, an inspection by the Cur-and by security

dealing is allowed. The result of school children are taught Japan- reserves. The rency Reserve Board showed that latter, including short term

Neutral losses, on the other

President Roosevelt sent a mes- these monopolles is the low prices ese language, songs, and games. notes of the four banks had made mercial bills, warehouse receipts they do not reach the figure clal Appeal on its completion of long pitiful "coal lines" in front puppet

com-hand, have been serious, though sage congratulating The Commer-paid for wool and fur. and the Textbooks are imported from the another climb to $3,081,787.295. Rnd certificates, corporate shares claimed by

state of "Manchukuo.” Up to the end of June, 1938, representing capital invested in

Germanis, The 100 years of publication (C, S. of the only four coal dealers in the Most Sulyuan parents prefer to the Bank of China was still lend-productive enterprises and nation-

neutral countries have lost 117 Monitor),

city each morning. A permit keep their children at home in- mg with $653,251,720, whereas the al government bonds, shall not has fallen chiefly on those which HONGKONG

ships totalling 339.000 tons, which

must be first secured from the stead of sending them to the Central Bank of China retained exceed 40 per cent of the total

police office for the buying of coal, Japanese established school. "The Germans of that day in its second place with $489.886,785, amount of the legal reserve against protection

have not avalled themselves of the

and the amount allowed 13 vaded the other countries of Eu-The Bank of Communications and notes issued, according to regula-convoys-(Daily Telegraph).

afforded by British...

limited to one catty a man each rope, not with motorized tanks, but the Farmers Bank of China had tions governing national financis!

day. Often the weaker ones, al- with movable type: spreading Issues of $321.859,485 and $32,219

nough having a permit, fail to stability promulgated by the Na- light, not suppressing it through 835, respectively.

keep their places in the line and tional Government on September the world; breaking through the A remarkable change took place 8, 1939.

get no fuel after waiting in the darkness instead of whistling in in the relative positions of the

$8.90 bitter cold for the whole day. The Currency It. 'What an frong it must be to the four banks. By the end of June, invites representatives of cham- Reserve Board- good German people now to think 1839, the Central Bank of China bera of commerce. in principal that the first book printed by had

mcreased its note issue to provinces and municipalities to Gutenberg was the Bible and that $1,048.883,145 as against $703,570,- participate in the public inspection now in Berlin and Moscow they 740 issued by the Bank of China. of note reserve and to issue off!- are burning the Bible."

Meanwhile, the Bank of Com-cial reports on the total amount of notes in circulation as well as the actual conditions of cash

BEACON LIGHT

ཟ་

"In 1440." he said, "out of the city of Mainz, Germany, came the flash of a beacon light to break through the darkness of a nighted Europe the invention of the art of printing by Johana

Gutenberg.

be-

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE

SHAREBROKERS ASSOCIATION

Bayer Bollera Baley Nominal MONDAY 26.

FEB.

Banks

Marcenfile Bka, “A”

Eurert Bellert

Balenomina

$1485 C.D.

H.K. Banks

$1480

X.D. I.D. £90

£28

Do. (Col. Reg.) ...

***

Do. (Lon. Reg.)

£90

Chartered Banki ****

£88

231

219

Marcantile Bka, “✡a

$78

Bank of Bari Asin ...

N. C. & S. Bankı

£31. 212-) $7% 50 eta

Canton Insurances ...

3225

Union InsurANCE

$480

+ $50 cts.

$100

$296 $490

$180.

$100

$10

Insurances

Underwriter

H. Fires

Shipping

Douglass

Bambole

$100 Indo-Chinse

Indo-Chinas (Del.).

$7Waterboats ******

180

78/1 Bhalls

7814

185

8104

8100 3120

78/9

87.40

Docks, Wharves,

Godowns, ete.

$102

B.K. & K. Witeros

$100

$4.90 $8.05 $4.85

Providents,

$4.20

34.90

Providenta (sw)

$23+

H.K. & W. Docks... $13

Do. (*) raises

Shanghai Docks 8. ...

$10

New Engineerings 1.

KailanT

Mining

Esab | $10

84 Venerusia ..Gold Fide

31 cts. Hong Kong Minas

Lands, Hotels and

5.70.80.

Balldings

H.K. Hotels

H.K. Lands

$100 Do. 4% Debecteres

18 Shangba Lands 8.

[H.K. Belline makes

Humphrey per

$101 Chins Estates «......

Cotton Mills

$38o (8.) #1708ha Cotions (8.) $44 Zoong Sings (8.) $481 Wing On Terties (8.)

Public Utilities

Trazaways, actione

$39

$4.60

874

security reserves.

the

ELECTRIC MOTOR CARS

Driving Test By Transport Minister

The Minister

SHAREBROKERS'

ASSOCIATION Volume Of Business Transacted on Monday, Feb. 26, 1940. China Lights (0) ...

20,000 TONS

A WEEK

5.00 Sulguan is a coal producing coun-Additions

23.75 try. The coal mines near Sulyuan 23.80 city and Pastow are now Japan- 23.90 ese-controlled, The best coal has 24.00❘ been shipped to Japan to build a 68.50 coal reserve there.

NO NEW FACTORIES

To British Merchant Navy.

Since the beginning of the war the weekly additions to the Bri- tish Merchant Navy-by new con- struction, 69,00 Except the old Suiyuan Woolen

captures of enemy 5.90 Textile Factory, there is no new averaged 20,000 tons. This figure ships, and purchases abroad-have

1,700

China Providents

2,000

H.K Docks

200

H.K. Docks

300"

H.K. Docks

400

H.K. Docks

231

HK. Electrics

..71

H.K. Electrics.

100

69.25

Captain Wallace, on Feb, & drove HK Electrics an electrically propelled motor-

H.K. Hotels

Transport,

H.K. Electries

60.50

283

500

2,500

250

300

20.00 control, buying, wool at arbitrarily 39.00 low prices, but selling the finished 39.50 products at high prices...

fruit.

600 400

40,00

and

car round Palace Yard, Westmin- HK. Hotels

SWEDISH EXCHANGE ster. In order to prove for himself.

CONTROL

STOCKHOLM, Feb. 28 (Reuter)-- The Riksdag yesterday approved of the Swedish Government's the

measures to safeguard

country's exchange to ensure the Importation of vital commodities and to provide for purchases abroad for the nation's defence.

Only authorised dealers may buy and sell foreign exchange and then only for special purposes.

The measures are enforceable immediately.

“ནངས་

H.K. STOCK EXCHANGE

Business on a most extensive scale has been reported today and is easily the record for a long Period. At the close enquiries are still well in evidence, though in some instances a slight easing off is noticeable, This latter feature, however, can probably be attri- $441buted to some profit taking, having regard to the fact that generally there has been a substantial rise in prices during the past few days.

BUYERS

19/-

$34

H.K. Bank, $1455.

Cantón Ins.. $225.

Union ins., $480.

Fires Ins., $180. Wharves, $102.

Docks, $23.60.

Providents, $4.03.

Hotels, $54.

Humphreys, $74.

16.80

& 70/80

$384

100.

97.70

Lands, $394

1301

$179

$44

17.90/18/-

-51

་་་

$100

18.10 $181 $18

$17.90

+44

Peak Trame fall) ***

Peak Trams (DRW)

285

{Star Ferrin

$264

T'mati Ferries

$27

Do. (new)

China Eiche (0)

88.30

$8.30

China Lights (New)

$5.20

$881

$60

$31

931

10.80/1/1-

22/-

89.40

36.10

$70

$212

$31

21/317

11/12

KATALAN

|China Lághts Eta.

H.X. Electrice Macao Mastelos Sandakan Lighthe [Telephoons (cl)

Telephones (DeW) 19/6 Tractions 19/9 Traction {prof.)

Industrials

$14.90 Cald., Mog. (Ord.) §.

Cila. Macg. (Prat).8. Canton To

Cascia Hopes

ཡཾ་

Miscellaneous Dairy Farm (Old) Dairy Farin (New)

Ch. É'tainments

Constructions" {xww}

17 Lass Crawforde

19.676

$231

#221

#72

#14

Constructions

***

$7.40

(old)

$1.80 sincere

Nanyang Tobacco.

$9.55

09.60

50%

Wataona un

[Ch. 1.5% 1225G gïda,

$100 H. Gors, 4% Losos.

;

Realties, $44.

Tramways, $18.30.

Yaumati Ferries, $273.

China Lights (0), $8.

China Lights (N), $5.30, H.K. Electrics, $83."

Macao Electrica, $214. Sandakan Lights, $114. Telephones (N), $11.80. Cements, $19.80.

Dairy Farms (0), $231. Dairy Farms (N), $221. Watsons, 39.60,

SELLERS

H.K. Bank, $1480; Hotels, $5.95. Tramways, $187.

China Lights (O), $9. H.K. Electrics, $70. Telephones (0), $32.10.

SALES

Union Ins., $485, Docks, $232/24. Providents, $5.

$19.75

Hotels, $5.80/6/5.00.

$221

Lands, $39/394/40.

$212

$1,85

$9.60

[100%,

$95

H.E. Gori. 21% Loss

DOX

841

H.K. Wing On

.341

'hai Wing On ...

$10

#8)

Vibra Piling

$9.10

14/9

Marsmans Inv, (Lon.)

Maramans Inv. (HK)

Wn, Powellsted

Balm

Shanghai

Realties, $5.

Tramways, $18.30/.50/.40. Star Ferries, .$88.

Yaumati Ferries, $28. China Lights (0), $8.90. HK Electrics, $801/69. Macao Electrics, $214. Telephones (O), $314/32/32,80. Telephones (N), $11}/11}. Cements, $102/20/20.20. Dairy Farms (0), $231/231. Watsons, $9.80.

.....

HK. Govt. 4% Loan, 100.

MANILA GOLD SHARES Atoks 18b, Antamiok 1545, Bagale

Gold 21jb, Batong Buhay 012; Big "'

how easily such vehicles may be controlled,

The occasion was a demonstra- tion of various types of vehicles all dependent on electric batteries which are now being increasingly used in order to save petrol. Lord Saltoun, who owns a privatë elec- tric car, handed it over to Captain Wallace and accompanied him on the test.

H.K. Hotels Cements HK. Lands FIK. Lands H.K. Telephones (0) HK. Lands...

K. Telephones (0) 1.100 HK. Telephones (N) K. Telephones (N)

5.95 addition to Sulguan factories. 6.00 The textile muli is under Japanese of new construction begins to bear will rise as the recent programme

As against this gain, eight Bri- tish merchant ships, totalling

25 089 tons, were reported last by enemy action during the week.

oplum dens, brothels, 31.80 gambling houses, mostly run by 32.00 Koreans and Japanese, are found ending February 3. In the same

8.00 BRITISH TRADE

100 600

11.50

11.75

200

18,50

500

1,500

5.00

70 485,00 10,000

Gumaus 5,000

0.57 0.46

H.K. Tramways "Ropes. Realttes Unions The demonstration, was arrang- ed by the Electrical Development Paracale

'Itogons Association, in conjunction with the Electric Vehicle" Association, and among those present were Mr. Geoffrey Lloyd. Mines, and Lord Lytton.

Secretary

WITH NORWAY

COPENHAGEN, Feb. 26 (Reuter) -It is learned here that 盒) Agreement between Great Britain

period neutral losses, from the same cause were six ships total- ling 17.546 tons.

The British ships lost were:- Jan. 28-Eston (1,487) Jan. 29-Stanburn (2,881). January

30.-Vaclibe (Tanker, 5,026), Bancrest (4.450), Giralda (2.178), Highwave (1,178). Feb. 2-Fortelet (1,064). Feb. 3.-Armanistan (6,805), The neutral ships lost were:-- Jan. 27-Danish Fredensborg (2,084)..

Jan. 28--Greek-Eleni Statha-

ford to d in most parts of the and Norway was initialled ou country. It was cheaper than a Feb. 22 and will be signed in Sir Felix Pole, on behalf of the horse, and petrol would have to London this week. Electric Vehicle Association, stat-te reduced to 5d, a gallon to com- Details of the agreement have ed that it

Was now considered pare with it.

not yet been made public, but it that electric vehicles had reached There were about 100.000 com-18 understood that one primary, tov (5,825). a stage when they could make a mercial vehicles in this country jaim is to facilitate Norway's January real contribution to road trans-travelling from 30 to 40 miles a shipping communications with (5,085). Dort

day. If they were replaced by other countries. A van or half a ton capacity electric vehicles about 70:000.000. It 13 probable that would run about two miles to one gallons of petrol a year would be Denmark and Sweden will shortly: unit of electricity, costing from saved.

conclude a similar agreement,

ata

SHOE CO.LTD.

HONGKONG SUPPLIES ALL

KINDS OF FOOTWEAR

Her EYES Won Him ||

CLEAR MILKY WHITE LUSTROUS: TROUSANDS CLÉAR EYES. IN BOOKMAN Freddened papulostly weined by

hours or crear-indulgence-thousands of pels now clear them is seconds. With new edentibq. EYE- GENE. And wist's difference when white sure clear **sparkling white! Money back if it faim, Betreibe Booches fired eyes like magią. Stainless-asia: Get KYE-DENE et any drug or department store.

EYE-GENE

Obtainable at all leading Drag & Department Stores

Sale Distributors: (/) UNITED TRADERS–Hong Kong.

Wedge 2016, Coco Grove 13b, Can. Mines 0035a, Demonstration 120, IXL 36b, Ipo Gold 101b, Itogon Mining 2748, Manbalao Con. 013b, Masbate Con. 108, Mine Operations. 1018, North Camarines 108, Para-. cale Gummaus 22b," San Mauricio 828, Surigao Con, 19s, Buyớc Con. 121b, Syndicate Inv. 0245, United Paracale 2818, Mindanao Mother-

1940-02-27 — Page 9

Comments

Private Research Note