1940-05-09 — Page 9

HONGKONG DAILY PRESS.

Finance and Commerce

Japan Can No Longer RICE SHORTAGE

Gain End By Force

denunciation of nur

LONDON, May 8 (Rautor)—The first China Association` commit- Lee is convinced that reprisals in the form, to begin with, of a commercial treaty with Japan would be the most suitable method of putting a stop to the indignities suffered by British subjects in Tientsin..

IN KWANGTUNG

government authorities.

FINANCE & GENERAL

Price Control Criticised By

- F.M.S. Chairman

An exhaustive survey of commerce in the Federated Malay States was made by Mr. D. Sears, president of the Federsted; Malay Stales Chamber of Commerce, at the annual meeting of the Chamber of Commerce, 2

certain lines which

Referring to price control, Mr.(it was not intended "that allow- Sears said that some members of ances should cover all extra ex- SHTUKWAN. May 8 (Central)- the Chamber felt that Govern-penditure put upon clerks by their The acute rice shortage inment and hampered trade un-dependents. Allowances were fe Kwangtung 13 cccupying the necessarily. serious attention of the provincial consumers would like to receive

They thought that commended as a gesture.

TIN AND RUBBER MARKETS importers Mr. Sears said he could not help A number of food readjustment would be glad to "Impor, but that feeling it a pity that the recom- organs have beep established in orders could not be placed inmendations

at made

Kuala the East River district. where England because, selling at Cov-Lumpur agency houses in respect the -altation 13 most serious, ement controlled prices. there of estate staffs were on a different The China Association, he con- He said that the promised re- following the recent inspection would be no profit.

and somewhat more generons tinued was somewhat disturbed opening of the Yangtze and Nan-tour of

General Ll Hon-wan, “ Another point raised by thepre-scale.

This was announced by the Chairman of the committee. Mr. Warren Swire, at the "annual meeting yesterday.

posited by a ventral bank

AGREEMENT DEPLORED

B.S

||

by a report that there is an An-king, though better than nothing. Governor of Kwangtung. These sident was that Federated Malay Speaking of tin and rubber glo-Japanese agreement underwould mean very little.

organs will be responsible for the States price control was markets, Mr. Bears said that it ›which part of the Chinese silver. The committee, he said, con-purchase; transportation and centralised in Singapore without was ari unfortunate circumstance which up to now have been in safe tually pressed for a full and equitable distribution of rice. sufficient regard to Federated that for a considerable time when keeping in the British Concession, genuine reopening to trade above To ensure adequate transporta- Malay States conditions,

the market was at its highest. will be employed to relieve the dis- Nanking.

tion facilities, many cars, and CO-ORDINATION NEEDED Government control of prices of tress caused by floods.

"There is ample evidence that trucks owned by the Kwangtung Mr. Sears made a plea that tin resulted in Malayan producerS Part of the silver w be de- access to this place is allowed to Provincial Bank and highway Government hould attempt better receiving considerably less that the Japanese traders," be continued. bureaux have been set aside for co-ordination between the proper market value for their

Referring to the Wang Ching-the exclusive use of shipping rice, cidence of similar enactments and product wet regime, he said: The crea supplies of which are aireddy ar- regulations iri the Federated Part "The approval of this plan by tion of these puppet administra-riving in considerable quantities Malay States, the Unfederated difference found its way into the of. the ccnsiderable the Chinese and American Gov- tions has been interpreted from Hunan and Klangs!. ernments is essential," he said. throughout Trée China

Malay States and the Colony. He porckets of Ameri an middlemen. "SAVE RICE" "g. We are convinced that

referred to annoying acses where The producers lost money and the acknowledgment by Japan that agreement,

At the same time. a "save rice" the emergency regulations have Britain lost American exchange. If which W33 reached she can no longer, hope to gain movement has been started been Interpreted differently in industries were" accused of war without their full. approval, will her ends in the Asiatic continent among officials of the provincial places like Redah, and Johore. be deplored as a whole by the Bri-by her own military and naval government. It is pointed out that

profiteering what must be noted tlah community in Cina and con- power..

Referring to the cost of living was, the series very lean years by abstaining from one meal a allowancs recommended damned by public, option in this The American ability to impose day, 'people may save a consider- clerical staffs on the senle sug-valuable foreign exchange the two to the they have corne through and the country.

an embargo on the export of warable, quantity of rice before an gosted on the same lines adopted industries were now able to materials to Japan is a tact which adequate supply is again secured. in the Colony, Mr. Sears said that provide. the Japanese dare not ignore, nor In Kukorg to check the rising will they lenore it, provided that tendency of the rice price, instruc- meanwhile they find the British tions have been issued forbidding economic significance or that the Government Impervious to their merchants to quote prices higher expenditure of part of the silver blutt and prepared to take repri- than that officially fixed. on that object, and the Immo- sals." bilisation of the remainder, was Brigadier General C. R. Wood without significance to the gen-roffe succeeds. Mr. Swire as Chair eral Chinese currency position."

"No one, for a moment, could accept the view that the relief of distress in North China, caused largely by the Japanese, had no

man.

"HONGKONG® SHARE QUOTATIONS

STOCK EXCHANGE

SHAREBROKERS' AB8OCIATION

WED.. 8. MAY.

Boyert

*$lers

Nomin Hairs

Auyer

Beilets Bales Jominal

Banks

$1485

$1480 00...

B.K. Banks

81400

2014

Do. (Cal. Mog.) ...

E91

Do. (Lon. leg.) ...

£91

Est

Chartered Backs

£91

231

Marcantile · Bba: “A%

睡

£31

£126

874

50 ct

8185

$175

$117

#$476

$171

$485

8175

311

$21

$80

70/0

Bhelle

84.20

2193 Mercantils Bks, "0

$76

Bank of Bart Aala ......

N. C. & 8. Baskı

Insurances

$230 Cantos Insuran

Union IsoPLACES

86 cta. Underwriters

$120 Dougl

Shipping

Steamboats

8100 Indo-China

Indo-China (Del.}---

$6.90 Waterbosta.

Docks.-Wharves,

Godowns, etc.

$100 HK. & K. Wharves

Providente

Provideate (new) .... H.K. Docks C. RTS... 819 H.K. Docks X. Rta.... 8%.70

do Btw.

872 Bhanghai Dooks #

20/4 Kailans

Mining.

$9.65 Baubu namumunua Venezuela Gold d

6 cta, Hong Kong Mor

Lands, Hotels and

Building

84.. Hotels

$36 H.K. Lads...B. $10 Do. 4% Deberes

Shanghai Lande #1.

$440 H.K. Benitive

Humphrey typica

$8

$17.40

$17 40

T:

$10.10

$16

879 Ewo. (8.)

***

*

$4.16

$10.10

*

84.15

$220

30 ctx

SOONG SISTERS' K. P. CHEN WORK EXTOLLED POSTPONES is prohibited, and private storage NEW YORK, Havas by Airmall) RETURN TRIP

Hoarding of rice by the people

of rice in excess of the officially-The New York Daily News

fixed maximum may be requisi- | published a recent editorial ex- Mr. K. P. Chen, who was ap tioned by the authorities against tolling the work accomplished and pointed by the National Govern- the payment of a fixed price.... being accomplished by Mesdames ment to the United States to Chiang Kai-shek, H.H. Küng and maintain close contact with the Sun Yat Sen, referring particularly financial authorities in Washing- NEW RESTRICTIONS

to their short wave broadcast. to ton, has postponed his return trip ON DEPOSITS the United States.

and will probably not arrive back The New York Dally News. in Hongkong before the first of CHUNGKING, May 8 (Central). In identical telegrams to the heading the editorial "A Broadcast next mouth Shanghai Municipal Chamber of

from Chungking." starts off by Mr. Chen. it will be remembered, Commerce, the Chinese Bankers saying that "the significance of was reported to have called on Mr. Associatiop and the Chinese China's struggle against the in- H. Morgenthau in Washington to Money Dealers' Association the vading Japanese was outlined by bid the American Secretary of Ministry of Finance has categoria trio who are without doubt the State for Finance farewell, and cally denied rumours current in most remarkable three sisters in booked his return passage home. Shanghai that the National Gov-politics today.

ernment will 'Impose new restric- tions on the withdrawal of bank deposits.

Such rumours are believed to bave been circulated by specula- tors and traitors who attempted to take advantage of the present $120 seasonal slump of the Chinese dol- Har to create greater disturbance 8100 in the financial market. 8120 70/0

80.83

MERCANTILE BANK

The annual general meeting or 800 the Mercantile Bank of India, ∙Ltd. was held at Winchester. House, old Broad Street, London. 8211

on April 2, when it was stated $19,30 $6.80 that the Directors had added 813 £13,000 to the Officers' Pension Fund, written £25,000 of Freehold 21/0 Eanking Premises, and made an additional allocation of £30,000 to Contingencies Account. They recommended a Final Dividend on the "A" "B" and "C" Shares of 6 per cent., less Income Tax (mak- 8364 ing 12 per cent. for the year), leaving a balance of £179.638 148. .94, to be carried forward,

$100

4:40

$77

28

$103 Chinese Estates

Colton Milis

$230 18'hal Cotions (8.)

Zoong Sings (8.)°

Wing On Textilno (8.)

$120

Public Utilities

Trateways

$17.35

$17.40

'ses

idiar Farina

$811

385

88 Trima (old) ...

$4 Pask Trame {new) ***

$82.85 'mati Farrios

Do. (DOW)

1.$7.00 Chin

84 00 ChLights (0)

(New)

Chios Lights Rie.

$81

The following Directors were re- elected: Bir Charles A." Innes. and Mr. P. R. Chalmers.

$250 HONGKONG MINES

The Hongkong Mines. Limited inform us that their output dur-. Ing April amounted to 4786 short dry tons of ore treated, from which 542.26 dry tons of Lead Concen- trates were produced, averaging as $22.85 follows:~~

$7.80 $4.80

H.K. Electric

$64)

821.10 Macao Electrics ...ata

811

Sandakan Tảgkin

228 Telephone (old) .........

$28

Teisphones (new)

Tractions

$10.10 21/0

Tractions | (prof.)

Industrials

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

Caldr, Macg. (Frof.) 8.

#5.55 Bopponent,

Miscellaneous

Dairy Farm.

Dairy Farm

Ch. E'tinmenska

Constructions

#1

812

81 Canton low kersiesza

#17

Camente

$162

851

822

#214 | #917 | #21)

#71

$7.20

$12

(old)

$1.85

81 | Constructione

18

Lace Crawforda

th

$8

$2.30

Nagyang Tobaco e {Binderya ....

$31

$2.35

89.15 Walnoos

$8.90) $9.10

*

102

62. Ch. G.5% 19360 BBds $103 B.K. Gort, 4% Loman 107 II.K. Gork. 3% Loan $39 HK. Wing. On

139

[N'hal Wing On an

$14

Vibro Piling anim

13/0

Marsmans Inv. (Lon)

4/0

Maratuana Inv. (H.K.)

81.30

Win, Powalla

Lead, 66.57 per cent.

Silver, 14.25 oz. per short ton. Gold, 0.03 oz. per short ton.

H.K. STOCK EXCHANGE

Another quiet Morning.

BUYERS

Union Ins, $475.

HK. Fire Ins, $171.

Trams, $17.40,

Sinceres, $2.30.

Wm Powell, $1Ł.

Entertainments, $7.

KELLERS

Union Ins, $485. H.K. Fire Ina, $175, Electrics, $644. Dairy Farms, $22.

SALES

HK. Banks, $1490. Docks Rts, $63.

Realtics, $41.

Star Ferries, $85,

Trams "$171.

到

Telephones (Old), $28,

Telephone (New), 10.20.

"Daily Farms, $214.

**The

picture these

women should stop encouraging aggrės- painted," the editorial continues, ston by permitting gasoline, oli' each taking a different, slant at and other war materials to be sent it, went to confirm the stories the to Japan.' - That

means thal world has been getting for some the time is ripe for us to clap an time now."

embargo in United States ship-

-

THURSDAY, MAY 9, 1940. —PAGE 9

COURVOISIER

THE BRANDY OF NAPOLEON Fournisseur breveté de 3 M. l'Empereurs

SOURVOISIER

COGNACS ET FINES CHAMPAGNÉS

リ

DODWELL & CO., LTD.

KIRIN

The

B

E

E

Choice of R

The Multitude

Sole Agents.—

H. HONDA & CO.

Tel. 20790,

THE STOCK EXCHANGE

40, Johnston Road, Hong Kong.

LONDON METALS

EXCHANGE

London, May 7 (Reuter).

TIN

After quoting extensively fromments of war materials to Japan, the broadcast by the three dis- "By so doing. we can in all Hinguished sisters, the editorialist probability give the Japanese concludes that "this impressive military caste its last fatal push broadcast by the three sisters of into the disaster that will force it) the great Chinese family of Soung back to Japan in disgrace, it should bring home to Americans, not off the backs of the Japanese we believe, the fact that we have people. Thereby

LONDON, May 8 (Reuter)-In we can save the Stock Exchange gilt edged the opportunity of a national ourselves endless and ever more securities was the day's brightest lifetime in the extremity to which serious trouble with Japan. Let's feature. Continued good invest- the Chinese have led and prodded act now." Japan's military caste.

ment buying, with a shortage of The editorial concludes with a available stock was responsible Standard, Cash 255 "Mme Chiang expressed it as repetition of the Daily Nevis oft- for the further substantial gains. Standard, well as we can imagine its being ex- expressed admonition: "Let the In other sections the price move- pressed; when she said our Con- United States build two ships and ments were mostly narrowly irre- Standard, gressmen 'should stop expressing two planes for every horror at aggression, or they bullds."

one Japan gular and Wall Street, was slug- Set'ment Price 255-1/4

gish.

Straits............ 275-1/2′′to 280-1/2

SHOE CO.LTD

HONGKONG SUPPLIES ALL

KINDS OF

FOOTWEAR

BUTTERICK

Expert Ladies' Tallor

New Style Ready Made Dresses FOR SALE.

16, Wyndham Street,

'HONGKONG

Tel. 23615.

·SHAREBROKERS'

ASSOCIATION

Volume Of Business-Transacted on Wednesday, May 8, 1940

H.K. Docks Rights

H.K. Electrics

H.K. Tramways Star Ferries Dairy Farmā

87 $ 6.50 ,700 6.50

70

6.40

100

83.50

500 17.45 *400 65.00 150 21:50 350

21.50

+2,357-

**Sale on Tuesday, May 7.

The total value is $57,388.50

Govt. Loans. 34%

•Hongkong Daily Press CLASSIFIED ADVERTISEMENTS

AUCTIONEERS

GREATEST COLLECTION OF BARGAINS IN TOWN!

Ab

LAMMERT'S AUCTION ROOM

Lammert, Brothers- 2, Gounaught Road Central. Telephone No. 20224

Just Received

Fresh supply of "the best varieties of

Reliable and Tested

Flower and Vegetable

Seeds

from

Sutton & Sons Ltd. Reading. now obtainable at

·GRACA & CO.

Dealers in Garden Seeds, Postage Stamps, &c., &c.

No. 10, Wyndham Street,"

$1,000 67% Established 1898. Hong Kong.

YOU CAN NOW EAT:

RUSSIAN FOOD

buyers sellers

慰

255-1/2

3 months 252-3/4 253

MARBLE HALL

(and Annexe Private" Hotel), 34, Granville and 103, Austin Roads, Kowloon, tennis courts. Beautiful garden, Rooms and suites, with private bathrooms. All modern conveniences. Apply proprietress, 103, Austin Road. Phone.50233 and 34, Granville Road. Phone 59433.

HOTELS

COOKED IN THE

· RUSSIAN' WAY TABLE D'HOTË SL00 -"ALSÓ A LA CARTE AT THE

METROPOLE HOTEL

1940 ZENITH

NEW MODELS Just arrived

· NO AERIAL, NO GROUND,

Just plug in and play CHUEN YEE HONG

54 Des. Voerr Road C.

Jimmy's

TEA DANCE DAILY.

5 TO 7.30 PM. MUSIC BY THE METROPOLE BWING BAND

Telephone 24311.

ENGEAVERS

FEI FEI & CO. Photo Engravers 1B, Cochrane Street, Telephone No,⋅ 22224.