1940-04-02 — Page 9

HONGKONG DAILY PRESS

LAMMERTS' AUCTIONS

PUBLIC AUCTION.

THE Undersigned have received

instructions

to sell by.

PUBLIC AUCTION

100

Tuesday, the 2nd April, 1940

commencing at 5.15 p.m.

at their Sales Room, No. 2 Cón- naught Road, Central. (Room No. 205. 2nd floor).

A VALUABLE COLLECTION OF POSTAGE STAMPS

On View from" Monday. the 1st April, 1940

Terms: Cash on Delivery.

LAMMERT BROS.,

AUCTIONEERS

FINANCE

Finance and Commerce

H.K. STOCK EXCHANGE

Sales reported were negligible in

a market drifting, aimlessly.

BUYERS

H.K. Fire Ins.. $180.

H.K. "Docks C. Rts.. $211. Providents, $1.

· Raubs, $9.85.

B. & S. Hotels, $5.10:

H.K. Tramways, $17).

China Lights (New),"$5,30, H.K. Electrics, $$5. Cements, $19.30.

H.K. Ropes, $5.40. Dairy Farms (Old), $214,

SELLERS

HK, Fire Ins.. $185. H.K. Docks C. Rts., $22. Providents, $4.00.

H. & S. Hotels; $51 HK, Lands. $379. H.K. Tramways, $17.65. China Lights (Old), $81. Telephone (Old), $30 Telephone (New)," $11.40.

SALES

China Underwriters, 85 cts. II.K. Docks Rta., $7. China Lights (New); $5.35, Telephone (Old), $291. H.K. Ropes. $51.

JAPAN'S WAR FINANCE

IS ANALYSED

Japan's war finance is analysed below.

Japan's resources have been so seriously depleted, that in

recent month, there has arisen in Japan a fairly widespread

bellef in the expediency of terminating the “China- Incident”

within comparatively short time.

B

律

The present situation can only continue at the cost of further inflationary increases in prices and deterioration in the standard of living.

French Air Trials

SECRET COMMERCIAL

EXPERIMENT

PARIS, April 1 (Reuter) ---- A secret commercial fight between France and Rio de Janeiro was recently carried out by a French substratosphere plane, it is now revealed.

The crew of four. was not out to break records but to prove that men without special equipment could make long commercial fights in sealed cabine at heights of from forty thousand to flity thousand feet.

The people, are feeling very than doubled from 5 billion keenly the burden of huge govèrn-yen OF $1,172 million to "10 ment expenditures financed by billion yen or $2.344 million. Ap- heavy taxation and large domesticpropriations of approximately 2,-

The crew fulfilled their mission and the plane has now been hand- .102318. The seven-year arms 500 million yen (3586 million? programme involving a total of were made in the 1937/38 scaled over to Air France for trials 2.858 million yen, or $671 million year for the prosecution of the on the North Atlantic routs, U.S.. presented to the Diet in Sino-Japanese War; 4,800 million February last will materially yen ($1,125 million) in 1938/39

continuation

ง

considering

($1,134 million) or 48.4 per cent of

TUESDAY, APRIL 2, 1940. -PAGE.

SANDEMAN

SHERRY & PORT Obtainable everywhere.

SHAREBROKERS'

ASSOCIATION

Increase the bürden. The "decreas-and 5,300 million yen ($1,242 September, 1937. to 1,254 million ing volume of Japanese trade with million) in 1939/40,

yen ($294 million) in September, qountries" outside the "Yen Bloc" It expenditures tor military and 1938 and 1,805 million yen ($423 is accentuating the shortage of naval purposes, not directly cen- million) in the same month last foreign exchange, and import nected with the "China Incident" year. One reason advanced for the restrictions have been made more are included, the totals become slower absorption during the past. stringent in order to assure the 4.000 million yen ($338 million) was the heavy increase in new of imports of raw 6.000 million yen ($1,408 million) private issues. and it is reported. materials essential to the

war and 7.100 million yen ($1.684 that in order to acquire further Industries such as iron ore, crude, million)

control of available capital "funds, respectively. Appropria- MANILA GOLD SHARES

rubber and petroleum.

tions for such expenditures during the Government is Atoks 15s, Antamok 11is, Baguio;

Japan is also experiencing a 1940/41 aggregate 8.785 million yen the tightening of restrictions re- Gold 211b, Batong Buhay 011s. Big shortage of rice, her most m ($1,583 million) and if the seven- specting bank loans.

staple. Icod, que Wedge 1635. Coco Grove 10s, Con-portant

National savings during the six to year armament plan is adopted, PUBLIC AUCTION.solidated Mines 00355, Demonstra-drought and the partial failure of the total required will be increas months ended September 30, 1939. the total rising from 1,580 milliad,

tion 1015. I.X.L. 3345, Ipo Gold 0916, the Korean autumn crop. The lowed to approximately 7.184 million are estimated, at 4.837 million yen yen ($370 milion) in July, 1937, to Itogon Mining 2018, Masbate Con- levels of the rivers and reservoirs yen ($1,670 million), solidated 0845. Mine Operations have caused a serious curtailment By the imposition of new taxes the 10 billion yen ($2,344 million) 2.755 million yen ($646 million) by THE Undersigned have received 1816. North Gamarines 044b, Para-in the output of hydro-electric and increasing the rates of those set for the full year under the the end of 1938. By the end of "Volume" of Business Transacted THE

1939, the total had reached 3,817 cale Gummaus "las, San Mauricio power CA the mainland and already In

National Savings Programme. This 678, Surigao Consolidated 18b, insufficient coal resources have from taxation have been increased is 1.232 million yen ($289 million) mlion yen ($895 million), 1.116 Suyoc Consolidated 128, United aggravated this situation.

from 1,051 milion деп ($248 more than the total for the cor-million yen ($263 million) in excess Koks

of tax-free limit of 2.701 million Paracale 22js. Mindanao Mother- During the last three years. million) in 1936/37, to 2,245 million responding period of 1938.

Cements yen ($832 million). In addition to HK. Electrics Jode 0818.

Japan's annual expenditures more yen ($526 milion) in 1939/40 and

the regular Retail prices on November 15. Notes" have been issued by the HK. Telephones (N) 200

note issue, it is estimated that in 1940/41 ra-

"War HK Hotels

.........1,900 ceipts may approximate 4 billion 1939 were on the average 38 per army, authorities in payment of Ropes yen ($938 million). To make up cent higher than in July 1937: soldiers wages In China. Through the immense war deficits, heavy in 1930 alone retall prices conversion, many of these have borrowings have been necessary, advanced more than 15 per been absorbed and become part of loan flotations in 1939/40 being cent. - An Imperial Ordinance the regular Japanese issue but no approximately nine times those in of September 18, 1930 endeavoured detalls regarding these "WRI

to peg all prices but this was not Notes" have been made public, effective in stopping the upward

CHIEF PROBLEM

instructions

to sell by

PUBLIC AUCTION

..on

Friday, the 5th April, 1940

commencing at 2.30 p.m."

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

י

་ ་

A QUANTITY OF VALUABLE

HOUSEHOLD FURNITURE

comprising:-

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE

Bayur Bellerat

Sales Semtan)

$1400

£93,

SHARIBROKIES' ASSOCIATION

MONDAY 1.

APR.

Banks

H.K. Banks

Do. (Col. Meg.)

£93 Do. (Lon. Bag.)

Eat Chartered Banks .....

31 Mercantile Eks. "A"

£12 Mercantile Bks. ·"O

¡Bank of East Amin

N. C. & 8. Banks

Insurances

Beyer Balinto Sales Momsical 1936/37.

Bedsteads, Divans, Chesterfield Buites, Wardrobes, Chests of Draw- ers. Dressing Tables. Washstands, Hatstands,

372

Sideboards.. Dinner Waggons, Dining Tables, Chairs, Bookcases, Cabinets, Desks, Tea- poys, etc., etc.

82324)

Canton Insursnow ...

$500

3508

Union InsETERORE

81

Underwriter

so cta

$180

$185

Carpets, Rugs, Cutlery, E. P... Brass, Aluminium, Glass and Porcelain Ware, Curios, Ornaments, Pictures, Clocks, Gramophones and Records. Electric Table Fans and Lamps, Books, Cooking Utensils, etc., etc.

also

A FEW PIECES OF BLACKWOOD'

FURNITURE

and

4 Radio Sets

2 "Underwood" Typewriters

1 Celling Fan..

890

78/9

Shell

ST

[Pred.)

|H.C. Tiran-

Shipping

$150, Donglass

$10 Steamboats

$100 do China

Indo-Chinas (Del}...

Waterboats

Docks, Wharves,

Godowns, eto.

H.K. & K Wharves Providents

Providente (new)

H.K. Dock# C. RTS.. H.K. Docks X. Rts... do Rts.

Shanghai Docks: 1.

19/0 Kailan

Venesuela Gold. Fide

4 cts Hong Kong Miner

Lands, Hotels and

$1076

841 $4,65

$214 $22

$21.80]

#19

$38

$9.60

2 Porcelain Wash Basins

1 Electric Washing Machine

$5.20

1 Fire Extinguisher'

..1 "Agfa" Cine-camera 8mm,

*

Ranbe

$4

Minipr

Buildings

H.K. Hotals

87.40

13

89+

! ! ! ! ! !

M

!!!!

$1400

£93+

£93

$107

$21.80

103

existence.

revenues

RETAIL PRICES

and

on Monday, April 1, 1940 H.K... Banks

10 $1,490.00

300

*165...

500

19.35

50

65,50

15.29%

11.00 5.50

..1,000

3,060

The total value is $47.245.

($117 million) gold reserve, the country has little gold left, and

•

CONTROL OF ECONOMY The control of the Japanese movement and retail prices have economy during the war period risen by 5 per cent since that date. Japan's chief anancial problem strenuous efforts have been made has been so effective that. bond Food prices have mounted most continues to be the shortage of to increase the output of mines,' yields have been reduced. the rapidly being 40 per cent higher foreign exchange. Trade with the whose annual production is now average in October, 1939, being 3.79 on November 15, 1939, than at the "Yen Bloc" countries now com-

about 200 million

yen · (947 £3] per cent as compared with 394 per beginning of the war, and 21 per priscs 50 per cent of Japan's total: million). £120. cent two years earlier. The absorp-| cent higher than on November 15, exports as compared with 25 per Industrial production in Zapán 871

tion of Government securities has 1939,

cent in 1937, and resulted in a has increased steadily since the 150 .cts.

not

Between

15 Oct. been so rapid in recent

Nov. favourable trade balance of 814 outbreak of hostilities in China.

yen 1232 months, sales in Octover, 1939, 15, 1939, the Increase in food prices million

($191 million) in The Oriental Economist's index of 8606 amounting to less than half the was 6 per cent as compared with | 1939,

industrial production was 148.8 for total offered-288 million yen ($67.5❘ an average of 3.5 per cent for all Because of the continual adverse 1935, 187.3 in 1937. 173.0 in #187 million or 48 per cent of the 600 retall prices. No commodities were balance in international payments. 1938 and.. 18.12 for the first

million

million) excepted from yen ($140.6

the September gold is steadily flowing out of seven months of 1939, the base » available. It is estimated, however, Ordinance whereas silk, rubber, Japan; monthly gold shipments to (100) being the average for the rice and other similar products the United States averaged nearly years 1931-33. The advance was. had not been included in previous 90 million yen ($21 million) in 1937 most pronounced in the heavy. control schemes.

and 60 million yen ($14 million); industries and employment in both

$155

810)

$100

$120

78/9

*

$10

$38

19/0

$31

that 89 per cent of all the bonds during the 1939/40 fiscal year have been assimilated.

4

The total held by the Bank of During the period of hostilities in 1938 and 1939. It la. believed the mining and manufacturing Japan has increased from 554 there has been 2 tremendous that with the exception of the industries during the Arst ветер

yen ($190.. million) In increase in bank note circulation, Bank of Japan's 500 million yen

Continged on Page 10

million

SHOE CO.LTD

HONGKONG SUPPLIES ALL

KINDS OF

FOOTWEAR

80.20

#371

$100

$7.90

$8,05

!!

8451

*$180

$85

AUCTIONEERS

$100

8171

@GREATEST COLLECTION DE

BARGAINS IN TOWN!

On View from Thursday, the 4th April, 1940.

Terms: Cash on Delivery.

7.

LAMMERT BROS..

AUCTIONEERS.

8374 H.K. Land

316 Do. 4% Debentures $14.60 Shanghai Lands 8. $4.95 H.K. Real15000/mine 88 Humphreys ante $103 Chinese Estabas VALUAR

Cotton Milie

845) Ewo, (8.) $190 8'ha Cottom (5.)"... 805 Zoong Sings (8.) $484 | Wing On Tertiles (8.)

Public Utilities

Peak Traze (Old) -

***

$17 Trimwayu

34

Paak Trame (DOW) ---

238

Star Ferries

a

$88

$28

Y'ati Ferriss

$26

Do. (now)

$8.10

Chinn Light (0)

$3.35

China Lights (New)

$8.10 $5,25

WEATHER REPORT

Chins Lights Eta.

3664 HK. Electrica

Hongkong Boyal Observatory

$22

Macao Blection

10 am.. April 1.

$11).

Bandakan Läghts ......

$30

$291

Talaphones (old).

320

Barometer (at sea level), 29.93 ins.

BIT

Telephones (new)

$10

Temperature, 70 F.

20/9,

Tractions

21/0

Humidity, 85 per cent.

Wind Direction. E/S

Wind Force (Beaufort), 4

23/0 Tractions (pref.)

Industrials

814.90 Cald., Macg. (Ord.) 8.

Temperature; maximum yesterday

78 F

Temperature, minimum last night.

57 1

Rainfall for 24 hrs., ending 10 a.m

today, nil.

Total ralfaft since January 1st

14,17 ins.

Against an average of, 6,02 Ins.

Sunset tonight, 6.30 pm.

Sunrise tomorrow, 8.15 am

4 p.m., April 1s

Barometer (at sea level), 29.79 fhs.

Temperature. 68 F.

Humidity, 97 per cent.

Wind Direction, E

Wind Force (Beaufort). 4.

Maximum temperature, 71°F.")

Minimum temperature, 87 F. Rainfall nig

Hongkong Daily Press CLASSIFIED ADVERTISEMENTS.

MARBLE HALL

(and Annexe Private Hotel). 34, Granville and 103, Austin Roads, Kowloon, tennis courts. Beautiful garden. "Rooms and suites with private bathmoms. All modern convenienses. Apply proprietress, 103, Austín Rðad. Phone 50233 and 34, Granville Road Phone 50433.

at

LAMMERT'S AUCTHIN BOOM Lanubert Brottnere -2, CUI 1HI Road Central. Telephone No 2224

ENGRAVERS

FEI FEI & CO. Photo Engravers

18, Cochrane Street. Telephone No. 22224.

YOU CAN NOW EAT

HOTELS

RUSSIAN FOOD COOKED IN THE

TABLE D'HOTE $1.00 ·

AT THE

RUSSIAN WAY. ALSO A LA CARTE

METROPOLE HOTEL

TEA DANCE DAILY

5 TO 7.30 PM MUSIC BY THE METROPOLE SWING BAND

IN

BEST CANDY STORE COLONY, WITH LARGE ABSORT- MENT BRITISH-AMERICAN CAN- DIES FRESH CONSIGNMENT NUTS, FIGS. RAISINS FINE CHOCOLATES, BRITISH-AMERI- CAN CANDY STORE, 15; FOTTIN- GER STREET.

WANTED

By Baroness Guillaume of Shang- hal. Experienced European Nurse. Three Children and infant, Liberal Residence Salary, Help given. Shanghai or Peking: Write im- mediately Box No. 180 c/o Hong X.D. Kong Dally Press.

Two sealed bags of mail have been washed ashore in the Shet- lands, One,

"G.P.O., marked Canada” is probably from the Athenia, which was sunk the first day of the war.

Jimmy's

FOR SALE

RARE DIE PROOFS

of

Hong Kong

and

China

POSTAGE STAMPS

GRÁCA & CO. Dealers In Postage Stamps, etc. No. 10, Wyndham Street.

Hong Kong. Established 2896.

1940 ZENITH NEW MODELS Just” arrived NO AERIAL, NO GROUND, Just ping in and play CHUEN YEE

54 Des Voeux Road C.

HONG

Telephone 24311.

THOMPSON

LADIES'

TAILOR

MODERN DRESS

CHEAP SALE.

NATHAN ROAD, KOWLOON.

38,

$12

BI

| Cald., Macg. (Frof.) 8.

Canton Los

$1

$19.30

Com ***************8192 | #199|

$6.85 Bopes

$5.65

MiscellaneouLE

8914

$6.80

****

Dairy Farm

Dairy Farm (New)

(Old)

$211

Ch. E'tainmenia'

$0.70

$1

Constructions

(الله)

$1.86

81

ConstractionM

(new)

371

Lane Crawford

......

Nanyang Tobac

836

$1.80 Binoer4

'201

Watsons

$9.20

514 Ch. G.6% 1925G #Bd=.

$102 ELE. Gort 4% Low 8083

341 H.E. Wing On

614

101

K. Govt. 14% Loan

98%

p'hat Wing O

$41 $12

ZA

Vibro Piling

$81

13/0

Marsmans Inv. (Lon.)

4.

Maremman Iué: (BE)

31

Wm. Powelin

*Balse \'o: Shanghai