HONGKONG DAILY PRESS
黏
Finance and Commerce
Colonial Development Schemes
NO IMMEDIATE UNDERTAKING FOR SOME
The Colonial Development and Welfare Bill was read third time In the House of Commons on Tues- day, states a Reuter message,
|FIDUCIARY NOTE FORD MOTORS
די
ISSUE
LONDON, June 12 (Reuter).
STATEMENT
FINANCE & GENERAL
NAZIS DESPERATELY IN NEED OF OIL STOCKS
ALL THE EVIDENCE FROM. PRIVATE AND DIPLOMATIC SOURCES points to the conclusion that Bitler and his Naxis have had to stake all on a lightning offensive against the Allies. It points equally to the fact that, beset by the blockade, Ger- many has reached, if not passed, her peak' of production and was obliged to strike now or sise fa ce Allied superiority of War material within a few months,
A
Here are some answers to various Mass Production Of The crux, as most observers fonly about one-tenth of her lubri-
questions which were put forward
in the House of Commons yester- day.
The War Office advisers taking steps to deal with the at-
tacks by dive bombers,
WLA
رام
Pursuit Planes
WASHINGTON, June 12 (Reu- areter)-Mr. Edsel Ford, President of the Ford Motors, states that the form's engineers have inspected the United States Army's F40 pur sult plane and found it to be suit- able for mass production,
The British Fiduciary Note Issue Increased by £50,000,000 to £630,000,000 yesterday,
This is the issue that is not
specifically covered by gold.
know, is oil German stocks of oil cants. are known to be large; but stocks are a wasting asset, and since no one knows, as yet, the rate of
consumption "created by total. tartan war. the following Swedish comment seems apposite:-
TERRIBLE HAZARD
ALLIED POSITION
A glance at the figures for world production shows that the Bway better Allies are far and placed. The leading producers (1938) are: U.S.A. 50.9 per cent. USS.R. 10.8 per cent. Venezuela. "So long as his all is not one-10.3 per cent. and fran 3.8 per The Company was ready to be- hundred per-cent. secure Hitler cent.. Of the total produced all gin whenever contracts were re-plays a terrible hazard, with time over the globe, no less than 75 per as the final winner. Everything cent comes from countries border-
wants a ing on the Carribbean Sea. Fur shows that Germany
All suffering, allther, Allied transport is available. quick finish:
of life and property Over 31 per cent of the world's sacrifices borne by the people of Belgiumi, tanker tonnage belongs to Great "Holland and Luxembourg are the Britain and France, and a further Reich's fault." (Goteborgsporten 19 per cent... to Norway.
There
May 11).
should therefore be no difficulty to overscas in retaining access
The Under-Secretary" for "the "Colonies, Mr. G. E. Hall, said that- The retail price un mur will beceived.
until the present great danger is increased by 4d. per gallon from The Company previously stated pamed the prosecution of the war July 1. It is hope that by then that within six months it could must have first call on the whole it will be possible for children and produce a thousand planes daily of our resources hence there will nursing mothers" to, have a pint a Similar models to the P40 are be desirable schemes for Colonial day for 2d. Householders who can- | already in service with the French developments which cannot immie-not afford it will be supplied free: Army. diately be undertaken.
k*
But, he added, this did not debar
us from providing funds for ur
GROWING DEMANDI
In the House of Commons, Sir gent schemes which can be under-Kingsley Wood. Chancellor of the taken with purely local resurtes Exchequer said that owing to the and without detriment to the war growing demand for currency, an effort.
increase was necessary in Fiduciary Issue.
HONGKONG
SHAREBROKERS*
ASSOCIATION
Volume Of Business Transacted
On Wednesday, June 12 1940.
HK. Tramways Cements
500 16.00 200 15.28
the
A Treasury minute will be laid before Parilament forthwith.
700
NII.
The total value is $11.050.00.
HONGKONG
$1315
***
!!!!!!
H.K. STOCK EXCHANGE
"LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London. June 11...
The following quotations are the middle prices at the close of the market in London. All quotations are, subject to confirmation and no responsibility is assumed for errors in transmission.
Market was very quiet. Buyers: Ni, Sellers: NII, Sales: War Loan, 31%
SHARE QUOTATIONS
SHAREBIOKERS' ASSOCIATION
30 Merantile Bre. "A"
$210 Canion Inserangan ..* $430 Unis Insuranow
A6 cta Underwriters
$160 HL First, nemok
Shipping
$120 Dougla
$11
Bteamboats
$100 Indo-Chinm
880
Provičania (new) ****
8161 H.K. Docks (Old)...
$10 H.K. Docks (New)...
do Rta.
Mining
17/0
826 Shanghai Cooks "...
Kailas
89.85 Ratbet
Venesuela Gold Wide
6 cts, Hong Kong Mines ... Lands, Hotels ́ and
Building*
-$4.35 H.K. Hotel $39 H.K. Lands
$100 Do. 4% Debentures 1990 Shangbal Lande #1. 310.20 HX Reallito .......................
88 Humphrena kon
#104 Chisme Estates
Cotton Mil
}
With the massed attacks on the Western Front by tank and 'plane, it may be sald that the oil war has commenced.
It has long been known that while war remained in its passive
belligerents
phase. all the
were
sources.
To sum up, German "stocks are an exhaustible asset. and once they are taxed, Germany cannot
keep pace with the Allied powers of replenishment, This war, now that fighting has begun, is an oll
using so little fuel oil that they war, and-judging by the fact that were able comfortably to tuli
the Polish campaign cost Germany their requirements" and replenish
2 million tons in three weeks- their stocks, It is less well known it seems that long campaigns are that, with the beginning in ear-a ventare the Nazis cannot easily nest of war consumption, very
afford few sources of replenishment are available to Germany, whereas the resources of almost the erthe world are open to the Allles,
GERMAN POSITION Despite all her efforts with synthetic plant, Germany was till the war obliged to import about 53 per cent of her motor spirit and nearly 90 per cent of her diesel oll. Of these Imports. she received just 80 per cent (1938) from across the Atlantic, and only the Rumanian and Rus sian contributions (in 1938, 9.1 per cent and 1.6 per cent. respective. ly) are at present available to her. Nor can she hope vastly to in- crease supplies from these sources, partly because of transport difti- cultles but also for two even less
',
BRITISH TONNAGE LOST IN WEEK
The total British tonnage lost during the week ending midnight June 2, was 78,715 tons of which 24,000 tons were lost during the Operations at Dunkirk and are not, therefore, mercantile losses in
the ordinary sense..
Mercantile losses compromise 11 British ships, totalling 54,715 tons, and three neutral, of 7.923 tons
Up to June 5, 23,000 British. Allled and neutral ships have been in British convoys with the loss of 32 ships, "or one in 719.
Neutral ships convoyed totalled
THURSDAY, JUNE 13 1940-PAGE .9.
PABST
BLUE RIBBON BEER
Around the World, it's Pabst Blue Ribbon
Pabst
ه موند
BEER
From the Riviera to Singapore
..from Buenos Aires to Bombay, in the smartest- clubs, restaurants and bars as well as in the ane homes... you'll and this world-tavourite of beers!
Because Pabst Blue Ribbon is in a class by itself. The lighter, zestier beer for keener refreshment. Nothing heavy or syrupy, to słów up its delightfully invigorating action.
"And wherever you order Pabst you'll find it always the same. Fure. Delicious. Wholesome. For in
thirst- every tangy, quenching drop, we give you. Guarded Cood- ness from Grain to Glass your absolute guarantee of the highest quality that Nature, 95-Year Skill and Modern Scientific Control can produce.
DODWELL & CO., LTD.
Queen's Building...
"Tel. 20636
Mines In All | MAURITIUS GIFT
'|:
Albanian Territorial
Waters
TO IMPERIAL GOVERNMENT
PORT LOUIS, June 12 (Reuter› -The Mauritius Legislative Coun-- cü has approved of a gift of
LONDON, June 12 (Reuter)-£150,000 to the Imperial Govern- The Admiralty announced that the ment from the Colony's reserve certains areas in the Galf of fund,
surmountable reasons. The first fa 3,163 with a loss of 3, or 1 in 1,054. Venice, Gulf of Quarro and The Council has also placed the
་
Albanian territorial waters are
balance of the fund, amounting to dangerous owing to mines.
£500,000 at the disposal of the
when re Vessels destined for Yugoslavian Imperial Government LONDON, June 12 (Reuter)-An ports have been recommended to quired..
navigate within Yugoslavian terri- Admiralty communique states:
'The German official News torial waters. tensively bought by customers with Agency report that 'violent en- The third dangerous area is at China Agricultural Society was stronger and more" destrable car-counters took place last night of the heel of the Italian coast, rencies than the Reichsmark that the east coast of England between covering the area including the Rumanian producers, during the German motor-torpedo boats and ports of Brindisi and Bart. first six months of the war, sold British destroyers presumably re- The fourth dangerous area is offcials, states a Chinese report from to Germany 393.169 tons only-ters to 3.1 attempt by enemy that is, 100,000 tons less than in motor-torpedo boats on a British the east coast of Sicily, which in- Chungking to the Chinese Ameri-
cludes the Straits of Messina.
can Daily News. Dr. H. H. Kung,, the same period of the previous convoy during Sunday night. year.
"Such an attack did take place, Three considerable minefields Vice-President of Even if Rumanta could place all but the convoy and its escort have been laid also along the Lib- Yuan and concurrently Minister" her surplus cll'at the disposal of proceeded unharmed.
yan Coast, one enclosing the port of Finance, gave the mat address.
"
the Reich, she would still be able "It is not known whether dam-of Bengazi, while the second and
The 23rd annual meeting of the
held in Chungking on June' 5, with an attendance of over 200 mem-' „bers and high government off-
the "Executive
and diesel oil, less than two-night between our forces and A further area lald was north-waters of the Dodecanese, includ- thirds of her fuel oil imports, and enemy motor-torpedo boats." west of Rhodes which covers the ing the Italian base at Leros.
£
(Red
...
.091 after 1052) Canton-K'loon Rly. 5%. 8 Chinese 44% Gold Loan 1898 (Brit Issue) ... Chinese 5% Gold Bonda,
1925-47
STOCK CHANGE
Bayr
Keilers Salen . Nomina 1
WED., 12,
JUNE,
Chin. 41% Anglo-French
Loan, 1908
44
Buyer Bağlayı BalForina Chinese 5% Crisp Loan,
-
Banke
H.K. Banks
an
£77
Do. (Col. Bag) 10
£80
Do. Loo. Beg.) ...
£8
Chartered Bankr
£80
1912. Chinese 5% Reorg, Loan.
1913 (Ldn. Is.) $1330 Chinese 8% Ster. Notes; » »
1925 (Vickers) Chin. Imperial Rly, 5%
17
24
8
Lorn
56
12
Mercantile Pha, “02
£300
873
Bank of East Asia ...
£12
Honan Rly. 5%
'12.
#74
Hukuang Rly. 5%. 1911...
N. C. & B. Banka ... Insurances
60 ot.
(LP, N/X Issue)
14
Bukuang Rly. 5%, 1911
1218
A
$440 8430
German Issue)
11
***
léb eta
$170
Lung Tsing & U. Hal
Rly. 5% 1913
that Russia, though a big pru- ducer, consumes nineteen-twen- tieths of her own production and exports at most one million ton a year, the second is that Rumanith yield (which is falling) is so ex-
says British Wireless.
NO ATTACK ON CONVOX
a'hai-N'King Rly. 5%...
15
$120
Tientsin-Pukow Rly. 5%
$11
(Fr.)
(Brit. Stpd.)
୫
$100
Indo-China (Def.)...
Tientsin-Pukow Rly. 5%
$100
64/4
hell
54/4/
(German Stpd.)
9
88.00 Waterboste
$6.9
Tientsin-Pukow Rly. 5%
Docks. Wharves,
(Brit. Stpd. Supl. Loan)
0
Godowns, etc.
Tientsin-Pukow Rly. 5%
GA
HK. & K. Wharves Provident
805
$3.60
83.60
(Ger, 8tpd, Supl. Loan). 9 Jap. 5% Ster. Loan, 1907 34
16
#161 #16
Jap. 6% Ster, Loan, 1924 384
Ger, 7% Intl. Loan, 1924
S
Chartered Bank
8
2261
HK. & Shai Bank (Lda.
Reg.)...
ཏྭཱཏྭཱ
to supply less than half Gerinang's age was inflicted on the enemy. 'third' cover at intervals along to peace time requirements of gas "No encounters took place last the Egyptian border.
17/6 HK. & Shai Bank (Col.
$9.00
Reg)
80
Chinese Eng. & Mining
(bearer)
17/6
Chosen Corporation
8/6
#31)
***
$3.00
Pekin Syndicate
2
S'hal Elec. Constr. Co.
1.5
#100 Sha Waterworks "A"
14
Union Insurance
25,"
$7.75
Allied Ironfounders ...... 10/6
$33
Bwo, (8.) prvobodoran
Asso. & Elec. Industries 3519. Austin Motors, ord.
#35+
11/3
8210 8'haf Collane (8.) ...
$210
Locog Bings (8.)
Cable & Wireless, New
Form, ord.
39
**
Wing On Textiles (8.)
$120 B.-A. Tob. (bearer)
"82/6..
Public Utilit
Mercantile Bank
121
**
316
Trataways
$7.40 Pusk Trama feld)
$3.70 Peak Trama (new) ... 360
Star Ferries
$29.85 'mati For
Ferries
Do. D
$6,85 Chine $41 China Lights (New)
Chios Lights Rts.
158 H.L. Elcio. ............ 822.10 Black Electrics ....... $11+ Bacdakan Lights......... $26 Telephones (oil) ...... $10.20 Telephones (new)
Tractions Tractions (prof.)
Industrials
*i
814.90 Cald., Maog, (Ord.) §.
Cald., Kack (Fref,) 8.
$16
Carimell Laird, ørd;
5/11
$8
Mexican Eagle
3/1
34
Courtaulds...............
26/6
$57
Distillers
56
.299
$6.00
(0)
Dunlop. Rubber ..........
20/9
Z
69/9
$58)
$24
$0.60
23/0
Rolls Royce
Imperial Chemical Ind. 28/9 Imperial Tobacco
87/0 Marks & Sp'cer "A" ord. 34/14
61/101
Leyland Motors
50
Tate & Lyle
50
Turner & Newall
56/8
#1
31
United Steel
19.
Smethwick Drop Forg. ...
12/8
Pressed Steel, com,
11/3 12/4/
4 18/3.
Gen. Electric (England) Guinness (A) Bon & Co. 62 · Hawker Siddeley Airc... 8/6" Bristol Aeroplane
10
BUTTERICK
Expert Ladies' Tallor
New Style Ready Made Dresses
FOR SALE... 16, Wyndham Street,
Tel 23015,
AUCTIONEERS
GREATEST COLLECTION OF BARGAINN IN TOWN!
LAMMERTS AUCTION ROOM Lommert, Brothers 2. Communit Hot Centret Telephone No. 20224
YOU CAN NOW EAT:-"
HOTELS
COOKED IN THE
RUSSIAN FOOD RUSSIAN WAY
TABLE D'HOTE $1.00 • ALSO A LA CARTE
AT THE
METROPOLE
HOTEL
TEA DANCE DAILY
5 TO. 7.30 PM.
MUSIC BY THE METROPOLE SWING BAND
87
Armstrong Etevens, ord. 5/6...
Vickers, ord.
Woolworths
$1.85 Anglo-Dutch
Rab, Plant. Invest. Trust 24/3 $746 Burma Corporation ........
Nanyang Tobacoa.***
7/3
82.10
Commonwealth Mining
$2.60 Binores named
Watsons
$2.20
Marsinan Investments
$8.40
***
16
Vibro Piling
30/6
4/0
#1
Ch. 0.5% lược BÀI.
$103 H.K. Govt. 4% Los
205 |H.K. Gort. #1% Ligue
$39 H.K. Wing On đựn
ntial. Wing Ox........
Marymans Int. (Los.)
Martinans Iny. (HK)
Wn. Powell
[@Sale ** - Bhamykaj
43
Randfontein Estates
10/6 34/45
10
Western Holdings ......................... 7/9
B01
Sub-Nigel
MEE 175
$30
$14
马来
Tanami Gold Mining, ....... 34. Anglo-Iranian ma 36/101
52/6
Burmah...........
Shell Trans; & Trad.
(hearer)
-Nominal
54/41
TO LET
Large furnished or unfurnished room near Bus station, Waterloo Road, with Laundry and with or without Breakfast.
For particulars please apply to Box No. 334, c/o HK. Daily Press, Ltd. or phone No. 30251.
Fully Furnished Room Laundry Included-Healthy Locality, North Point Breakfast Optional $49. Telephone 30251 or write Box No 315 c/o Hong Kong Daily Press, „
Just Received
Fresh supply of the
best varieties of..
Reliable and Tested
Flower and Vegetable
Seeds
from
Button & Sons Ltd. Reading how, obtainable. at
GRACA & CO. Dealers in Garden Seeds, Postage Stamps, &c. &ci
No 10: Wyndham Street. Established 1896. Bong Kong,
1940 ZENITH
NEW MODELS Just arrived NO AERIAL, NO GROUND,
Just plug in and play : CHUEN YEE HONG
54 Des Voeux Road C.
Jimmy's
Telephone 24311.
ENGRAVERS
FEI FEI & CO.
Photo Engraverstig 18, Cochrane Street, Telephone No. 22224,
IFE
$12
81
Canton Jon
#15 Came
$18.95
$51
Воров орнам
$3.00
Miscellaneous
$20
Dairy Farm......
$191
Dairy Farm...
87
iCh." K'tainmanin
#14
Constructions (old)
Constructio (DOT)
37.45 Less Crawfords
24.50 Gala Kalimpong Rubber 15/74
SHOE CO.LTD.
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