1940-05-11 — Page 9

HONGKONG DAILY PRESS

LORD HALIFAX TO TAKE Mr. Churchill

OVER PREMIERSHIP?

Cabinet Reconstruction Is

Inevitable Result

As Premier?

ናኑ

LL GEORGE ALSO A POSSIBILITY LONDON, May 10 (Reuter) Reuter'a Parliamentary corres- pondent learns that yesterday's developments, accelerated by Wednesday's speeches in Com- mons. are considered to make the departure of Mr. Chamberlain almost certain. The most likely naturally drst consult his friends names from which is new Pri-

were and will then, presumably, re-mier will be selected

to be:

LONDON, May 10 (Reuter)-One thing is certain as a result of the Debate in Commons-there is bound to be some recon- struction of the Cabinet with reorganisation of the functions of the members in war time said Mr. Cyril Lakin, assistant editor of the Sunday Times, in a broa deast talk from Daventry yester- day."

No one under-estimates the shock the small majority vote has given the Government. although some newspapers in their analysis of the voting Agures present favourable picture as far as the Government & concerned. than do other papers"

'more

There is no doubt, however, that Parliament, the press and public opinion are at one in desiring a broadening of the basis of "the present Cabinet.

Some papers regret the pressing. for the vote during the Debate but all agree that majority and

minority alike were voting for a more intense war.

PERSONAL ISSUE During the Debate the personall issue of Mr. Neville Chamberlain became stronger, It is early yet to predict what may happen but the main suggestions, and the possi- bilities of these, is that in order to achieve this broadening of the Cabinet, the Prime Minister will

At The Mercy

Of Nature

Some

200 kilometres ป A straight. Ene from the Mediter- ranean, almost bordering on the Sahara, 1les

the district

ΟΙ

A

COA-

Issue his invitation to the Opposi-sidered late last night tion leaders. This was implied in Halifax, Churchill, Lloyd George.

For various reasons. Including his speech on Monday.

the possible complications arising Halifax from the fact that Lord

NOT STRONG ENOUGH Mr. Lakin stressed his belief that if Mr. Chamberlain ands that as a result of his talks, he

cannot get

a sumciently, broad Government, he will be ready to make way for some one else...

The

is a member of Lords, the most likely selection is felt to be Mr. Winston Churchill,

Although the decision

Labour participation is a for Party conference, It

would not lieved that Labour

under Mr. Churchill.

Labour Party is sumciently strong in numbers to form a Parliamentary Government itself so that some coalition

essential,

If Mr. Chamberlain does fail to strengthen

his Cabinet, Lord

about matter is be- serve

BRITISH "SUBS" SUCCESSES

Halifax has been mentioned as LONDON, May 10 Reuter)-An his possible successor despite some Admiralty communique announces strong remarks that there is no that British submarines have had reason for believing that Opposi-further success in their operations tion leaders would not serve against enemy transports and sup- under Mr. Churchill.

and

Cabinet. re-organisations coalition are nothing unusual time of war. We have had plenty of evidence of that in the last War This power of adaption is the essence of democracy waging war, and we can change our leadership without grave anxiety and only gain strength as a con- sequence.

ply ships.

In an attack on a convoy of ten enemy ships, six torpedoes found their mark. Three hits were made on another convoy and two on a third convoy.

One ship sailing independently was torpedoed and sunk..

Another was driven ashore and was destroyed by gunfire and top- pedo.

HONGKONG SHARE QUOTATIONS

R'ou The inhabitants ve en STOCK PRCBANGI

the banks of a torrential stream which "s digging a deep canyon through this desert country. The bottom of the canyon consists of sers of verdant gardens, but the population is very poor: They are of Berber origin and belong to the White Race; they speak the Arab language. Each tribe occupies two villages, one situated at the bottom of the canyon near the gardens, in which, the natives stay. from the end of the summer to the middle of the autumn, and the other perched on the plateau and used as a winter and spring Tesidence:

Buyers Ballers

Bajos

Samian!

$1493 $1500

፧፧፧

3171

$170

The poor conditions of life and I the vicinity of water explain why these nomads suffer severely from malaria. During the low-water period; from June to November. the river constitutes an immense breeding place .01 malaria- mosquitoes; but when a spate comes, everything is swept away. If this occurs sufficiently often. the malaria danger disappears. The R'ouf tribes therefore are at the mercy of natural forces, and alternately experience years of intense malaria and years of al- most complete absence of malaria. "QUININE TREATMENT

. With the financial and material assistance of the Health Organis- ation of the League of Nations and of the Algerian Government, the natives of the villages Frirou, Jnzatene and Radjel Thoull were recently

quinine. treated with These measures were greatly ap- preciated by the natives and the very favourable results spread the fame of quinine through the neigh- bouring desert villages. In con- formity with the recommendations of the Malaria-Commission of the League of Nations the pro- phylactic dose "during the fever season consists of six grainý“ of. quinine per day. For treating an actual attack of malaria a daily dose of quinine is recommended for five to seven days. On page 124 of its report (English edition), this same Malaria Commission stresses the fact that the harmless- ness of quinine makes & suitable drug for administration by subordinate personnel without constant medical supervision whereas such supervision essential in the case of synthetic products.

།

jone Ni!

1:

ko%

509

£9

SHAREBROKIES' ASSOCIATION"

FRIDAY 10. MAY.

Bankc

B.K. Banky

Do. (Col. Rag.)'. ...

Do. Loo. Bog.)

Chartered Banks

far Maronile Eks. "A"

Mercantile Bk. "0"

$485 Union Instrumens

185 cts. Underwriters

一

H.K. Fires

Shipping

$120 Douglas00

Steamboats

FINANCE & GENERAL

H.K. STOCK EXCHANGE

The previous week's efforts were notable for being the poorest re- corded for some while past. The current week has run them pretty close, and has only been saved from surpassing them in paucity thanks to spasmodiö deals H. K. Banks.

BUSINESS DONE DURING THE WEEK.

MONEY AND EXCHANGE

CLOSING QUOTATIONS

MAY 10, 1940. "

On London

Telegraphic Transfer.2 13/18 Bank Bills, on demand 1/1⁄2 13:16 Credits 4 months' sight 1/3 1/8 On Shanghai ja

On demand

On Singapore:—

On demand

H. K. Banks $1500, $1405. 31482), On Japan:

$1480, $1490."

Union Ins., $480.

Docks Cum Rts, $211.

Docks Rts.. $6.70, 561, 38.40, $83, Hotels, $4.35, $4.20

Lands, $361.

Humphreys, $8. Realties, $44:

Chinese Estates. $103);

Trams. $17.40. $17.35, $17,40, $174,

$17.40.

Star Ferries, $65, $69.

China Lights (New), $4.80 $490. Electrics. $844.

Macao Electries, 321.10.

On demand Un dia

C

ני

410

87 1/2

Telegraphic Transfer. and demand.....89 1/4

On New York:-

N

Bank Bills, on demand. 90, 1/2 Credits, 60 days' sight 21 3/8 On Batavia.:-

On demand 38 1/4

Ön Paris:

Bank Bills, on demand 1085 Credits 4 months' sight 1140 On Saigon:-

On demand

108 1/4

On Manila:

On demand

..... 41

Telephones (Old), $28.

Telephones (New), $10,

$9.95.

On Bangkok:-

On demand

IDO

Om Sterling Notes:-

Bank Buying Rate

1/4

Bar Sliver per os.

31

$10, $10.10, $10.25. Cements, $17. - Dairy Farms, $211. Ewo Cottons, S'hai 574.

BUYER.

H. K. Banks, $1490. Docks Cum. Rts. $21 Humphreys. $8. Telephones (Old), $27, Wm. Powell, $1.30- SELLERS

"

Union Ins.. $485. Lands, '$36.

Telephones (Qld), $73. :. Wm. Powell, $273.

SALES

tr

H. K. Banks, $1500. Ruubs. $8.95.

Lands, $381.

Chinese Estates, $104).

Trams, $17.35/40. Star Ferries, $83.

China Lights. (Old). $73,

MANILA, GOLD SHARES Atoks 14s. Antamok 09s, Baguio Buyer Betbra Saloon Gold 1613. Batong Buhay 009s, Big Wedze 16s, Coco Grove 061s, Con, Mines 00158. Demonstration 084b IXL 273, Ipo Gold 073, Itogon 075, Mining 16s. Masbate Con. Mine Operations 005. Paracale Gummaus 150, San Mauricio 558, Surigao Con 15s, Suyoc Con. 10s, United Paracale 18s, Mindanao Motherlode 073..

HONGKONG

SHAREBROKERS

ASSOCIATION

Market Report

FROM ROZA BROS Suver prices rose 1/8 yesterday for both deliveries, the quotations being 21 for Ready and 20.15/16 for Forward. Silver advices re- ported

a's Speculators

having bought. A small business was. dorie. The market was steady. American Silver was quoted at 34. 3/4 for Spot.

SATURDAY, MAY 11, 1940. —PAGE 9

EVERYBODY'S

- Favourite

SCOTCH Wate

BLACK & WHITE

"BLACK&WHITE"

YOUR FIRST SIP TELLS YOU IT'S THE SCOTCH.

WEEKLY RETURNS

AND BANK OF ENGLAND

London May 9 (Reuter).

Public Deposits Other Deposita:

Bankers

REPORTS

May 2

May B

&

10,750

39,140

125,450

108,130

Other Account Total

44,390

14.870

170,340

153,100

Securities

138,980

139,480

Other

New

Discount & Advances

5,330

4,820

Securities

22,580

22,880

Total

28.510

27,400

Notes and Coins

40,310

* 37,480

Total Bullion

1.350

- 1,440

Notes in circulation

541,040

543,950

Ratio of Resares to Lisbulties

21.20%

20.13%

Price of Gold it which holdings are valued

168/

109/-

The London/New York, cross- rate was quoted at 402.1/2. York/London was quoted at 335,

Market

Quiet.

There

Sterling

were sellers at 1/27/8) Cash/November, buyers at 1/2. 29/92 for any delivery.

D. S. Dollars Nothing doing. There were sel- lers at 20.11/16 May, 20.5/8 June and 20,9/18 July, buyers at 20.13/16 Cash 1/2.11/16 June and 1 2:5/8 July.

Shanghai Dollars Opened with sellers at 428 and bustness was done as high as 431. 172.

Towards 1 pm, there were sellers at 428. buyers at 430. `

AC

Shanghai. Market Opened with sellers at 3.15/32 and then eased off to 3.7/16. 1 pm. sellers were reported at 3.7/16 for Spot. US. Dollars open- ed at 4.27/32 for Spot and towards 1 pm, sellers were reported at 4. 13/18 for Spot.

$1488 *£93

£97.

21

£31 £12

$75

Bank of Kari Asia ...

874

N. C. 5. Banki

Insurances

50 ct.

8930 Canton Insuramose

1230

8485 $400

70 cta

$171

"8170

$120

113/

$100

8120

A.S.

300 $-8.95

68/9

$6.00

100

8.90

Quiet.

Cements

500

16.05

China Providents

1,000

800)

84.20

HK. Tramways,

500

250 17.35 29/32 for any delivery. 100 17,35

H.K. Lardy

100

巴

$73

Star Ferries

200

3,050

20/41

89.65 $10.

$100 Indo-China

$80

68/0

(Prod.)

Indo-Chinas (Del.)...

Bhelia

$3.90 Waterbqata

Docks, Wharves, Godowns, etc.

$100 H.K. & K."Wharvo

$4

$4.20

821

$19

£9.70

!!

!!!

$37

$21

Providente Providente (na) | H.K. Docks C. RTS H.K. Docks X. Rta... $19

do Rts. $70 Shanghai Dooks ....

Mining

20/44 Kaftans

Raabe US IN A Venerusia Gold Fide

6 cts. Hong Kong Minas

Lands, Hotels and Buildings

84.35/4/20.. H.K. Hotels nost

H.K. Lands .....................Ɛ

siro Ds. 4% Debentures

918

Shanghai Lands B

4.

H.K. Baltice

$B

Hamphreys ******

$103

Chinese Betalen

፧፧፧

$17.40

$84

#64)

$28 10.20

--

20

***

mati Forrio

Do. (new)

Cotton Mills

877 Ewo (18.)

8230 B'hai Cottons. (8.)--

$22.85

Zoong Binge (15.) ....

Wing On Textil (8.) Public Cultiem

Tramwaya' ..

Punk Trama (old) Pack Trama (new) ---

Bar Ferries

$7.90 Chins Light (0)

#4 90 China

Lights (New)

China Ligbie Rte.

H.K. Black ........

821.10 Macao Mecheios. Tai

811 Sandakan Lágbig tee

Telephones (ok) ......

Tractices

Tractions (prst.).

Industriais

$14.90 Cald; sog. (Ord.) 8.

Telephones (DEN).....

14

:::

Volume Of Business Transacted. on Friday, May 10, 1940.

Watsons

The total value is $47,247,50.

AFTERNOON MARKET

Market

Sterling

ד

FEDERAL RESERVE SYSTEM

New York, May 9 (Reuter).

Hills Bought

U.S. Becurities held Federal Reserve Ratio

Federal Berve Credit Outstanding Monetary Gold Stock Industrial Advance

Shanghai Dollars Sellers at 426 at the close.

Shanghal Market Sellers at 3.15/32 for Spot.

Shanghai, May 10 (Reuter).

Opening Spot 0/3-7/16 May. 0/2-3/8

Spot

Sellers

Closing 0/3-15/32

0/3-25/64

U.S. Dollars

$4-25/32

$4-21/32

May 4 (1939) May 2

May 9

'(000's omitted)

1,000

2,584,000 2,487,000 2,467,000

85.26%. 2,572,000 2,500,000

88.17%

88.17% 1,607,000

18,635,000 9,295,000

15.301,000 18,771,000 12,811,000

9,333.000

SILVER MARKET

Silver:

LONDON SILVER London, May 9 (Router).

Speculators bought

small. scarce. Business Market steady. In the afternoon. the market was quietly steady.

Spot, 21d.

Offers

Forward, 20-15/18,

BOMBAY SILVER

Bombay, May 9 (Reuter).

Market.-Quiet. Oftake, 50 bars.

Indian Mint Silver

*4-17/32

Dollars

Ready

June 3 Settlement

July 2 Settlement

60-01

60-02

60-06

4.20 There were sellers at 1/27/8 17.40 | May/November. buyers... at 1/2.

U. S. Dollars

38.25 Business was done early in the 63.00 afternoon at 20.11/16 for Cash but subsequently the market collapsed and towards the close the rate was nominal at 20.1/8.

May.... 4-21/32

Sterling steady.

quiet...

U.S.

Merchant Rates Sterling 0/3-5/32,

US. Dollars, $4-1/2.

Calcutta Exchange

Calcutta, May 9 '(Reuter). TT. on Japan, 94-3/4.

India Rupee Paper

Bombay, May 9 (Reuter). Government 34% Rupee, 94-10-0 nominal.

14.15

$384

#100

SHOE CO.LTD

*

-84.40

28

$7,90

፧፧

$81 8250

$120

$17.30 #17817.40|745

$8

મ

$64

***

$22.85

$7.60

$7:80

$4.50 $4.80

383

228

$10.50

22/0

:

is

12

Cald., Macg. (Prof.), B.

$1

Canton Ioes comenteng,

$17 Caments

$16

€5.55 Bopes

#54

Miscellaneou

$214

Living "conditions of the R'ou will undoubtedly greatly improve as soon as malaria will be com- pletely eradicated from the canyon and their life and health, thanks to quinine will no longer be at the mercy of malaria mosquitoes.

PARIS, May 10 (Reuter)-The work of deepening and strengthen- ing the Maginot Line has been "continued uninterrupted since the war broke out. To date French engineers have built 1,200 extra reinforced concrete blockhouses and used nearly 1,000,000 tons of materials.

$7.30

81,30

#214 Dairy Farm

18) Lane Crawford......

13.

$2.35

€9.10

HONGKONG SUPPLIES ALL

KINDS. OF

FOOTWEAR

Hongkong Daily Press CLASSIFIED

• ADVERTISEMENTS

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Neutral reports state that the Germans in "Slovakia' are, very 102, active, carrying out extensive 9612 studies of reads and rahways. The German' military miaston in Bratislava actively organising

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ENGRAVERS

FEI FEI & CO. Photo Engravera 18, Cochrane Street, Telephone No. 22224,

+2

Dairy Farma

[Ch. B'tainment an

$7.20

Constructions

Douairpatione

Nanyang Toba

$2.60 Binoer, k

$9.15 Watsons

59

$103 H.E. GOTE, 4% Los

#07 H., Gork, 349, Lamp

$39 H.E. Wing On man

Nhat Print On

$24

霉素

Ch. G.6% 1936G 9Bds,

Vibro Piling

13/0 ·| Marginans Iriv. (Lon.)

4/0 Marginana lav. (HE)

Wm. Powelle [#Balma ́ ́o] Shanghal

Tel. No. 77478.