1940-07-06 — Page 9

HONGKONG DAILY PRESS

ECONOMIC WAR WILL MAKE ITSELF FELT

INCREASINGLY

LONDON, JULY 5. (REUTER)—“I BELIEVE THAT THE ECONOMIC WAR IS TELLING AND THAT ECONOMIC PRES- SURE IS MAKING ITSELF FELT INCREASINGLY as the war gees and will make itself felt, not as a primary weapon, but as an essential auxillary with the Army, Naval and Alt. forces, of the defeat of the enemy,” said Dr. Hugh Dalton, Minister of Economie Warfare, yesterday. He was speaking about the pros- pects of an invasion.

Dr. Dalton said: "We shall

shall fight. never surrender, we We shall never put up the white dag. We shall. If need be, die, but we will continue to the last; even

If Whitehall is completely blotted out, we shall go on"

TWO THOUSAND .

AERO ENGINES

A MONTH

FINANCE

Finance and Commerce

UNDER DIRECT SUPERVISION

OF

CUSTODIAN

BATA SHOE CO.

IN SINGAPORE

Importance Of Sugar In War

100,000 TONS SENT FROM JAVA

H.K. STOCK EXCHANGE

Friday, July 5. Last week's summary stated that a somewhat better "feeling

abounds in the market." This

Was

rudely shattered by the evacuation bombshell broadcast The biggest sugar transaction on the same, Friday, evening. So

recorded In consequence of a recent an-ever

the his many having to make- hurried nouncement made in London re-tory of the commodity took preparations for an ̈"unknown : garding the position of the Bata place the day war broke out, when quantity.", the Monday's Bank holi- Shoe Company and its 140 subsi-the British Government bought day was cancelled. It causes won- diaries throughout the world, ac- from British sugar- growing „ter-derment that the departure of the WASHINGTON, July 5 (Reuter,tion has been taken by Govern-ritories the entire harvests for this second batch of evacuees was not precceded by a plethora of forced There is no auestion, he con--The United States aviation in- ment to place the subsidiary com. year and hext

This was one of the points made selling to raise the "wind (to an tinued, that the Government, and dustry is now producing 2,000 aero Pany in Singapore under the direct the British people it represents, is engines and 500 military planes a supervision of the Custodian of by Mr. Jacques L L'Espagnol extent that had already been done.

Enemy Property."

financially.) There when, speaking to the Singapore though not determined to see this through to month.

By using the plant to the full

By this the affairs and business Rotary Club, he dealt with the has been a natural and necessitous the

of the company-in Singapore will history of sugar from the military desire, on the part of some holders henceforth be placed under the and political point of view rather to secure immediate funds, and

end. "We have made our

to

choice, and, although it will be a great struggle we intend achieve total triumph over the enemy,"

...

COME TO SENSES

Dr. Dalton, who fought with the British Army in Italy during the last war. went on to say, "I think the Italians will come to their senses quicker than the Germans. "They have better sense to come to. They have richer history; it is not their nature to be enemies. of mankind".

He continued that he regarded Italy as a potential ally of our cause.

SECRET SESSION

LONDON, July 5 (Reuter)

A secret gession on the Ministry of Economic Warfare will be held next Thursday.

and employing more skilled labour the output is expected to rise still further shortly. --

HONGKONG

SHAREBROKERS'

ASSOCIATION Volume of Business Transacted on Friday, July 5, 1940 China Lights (0) 500

H.K. Hotels

direct control

of the Custodian, than the commercial "angle.

:|

the market has stood up to the

who in turn has appointed a char- Britain, he said, had always selling for this necessity remark- tered accountant

sa the super-been one of the world's biggest ably well, though it must be ad- mitted that the volume of selling visor. granting him full power to buyers of cane sugar.

has not been too unwieldy, Ideal with the company's affairs. The British soldier, said Mr.

The aim of this supervision, ac-L'Espagnol, in wartime consumes Leaving aside HK Banks which have had A good rise following cording to the Custodian of Enery five times as much sugar as in their recovery in London, a com- that the peacetime. The French pollu takes parison of the opening quotations. Property, is to ensure Company will have no dealings at about three times as much. and on 29th ult. (last Saturday) and $5,80 all with their other subsidiary com.in the present war thousands of the closing ones of today shows a 5.80 panies in countries already over-tons of chocolates. sweets and refreshing power of absorption, 3.10 run by the enemy.

Bugars, are being shipped to coupled with only minor ductua~ The announcement made in Lon- France Tor distribution among tions against holders. It would don is to the effect that "the Bata French and British soldiers."

H.K. Tramways

111 .2,000 225 200 14.30 500 14.20

3.05

50 14.20

Entertainments

500 200 150

14.20

14:25

6,20

Unions

30 316.00

4,466

The total value is $41,430.05.

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE,

Boyers Sellers

SHARYBROKERS' ASSOCIATION

Balon

Xominal

FRIDAY 5.

Buyer

Boilers

JULY. Banks

$1080

H.K. Banks...

***

£63

Est

22

$73

+

$300

#315

::

....

Do. (Col. Reg.-.-.- Do. (Lon. Reg.) .... Chartered Banks

Mercantile Bks. "A".

Marcantile Bka. "C".

Bank of East Asia......

N. C. & 8. Barks...... Insurances

#218 Canton Insurances......

Union InsurROCCI.......

[50 cta) Underwriters, knepena

$160 H.K. Fires...

Shipping

$120 Douglases

#11

Steamboats ANTITHE

$100 Indo-Chinas (Pref.)...

Indo-China(Def.).

334

Baixinal

seem then a mild dose of con-

Shoe Company and its 140 subsl- The German soldier however.ndence infected into the market diarles throughout the world ex-consumes roughly 20 per cent. of might lead to an improvement cept six in Great Britain; those what he is allowed in peace time. both in prices and turnover. Evi- in the United States, and ́any

INDISPENSABLE

dence la not lacking of the exis alled country not overrun by "More than is generally believed, tence of bargain hunters lurking Germany, have been placed on the sugar is indispensable for those on the side lines. Board of Trade black" list 'as being who are fighting for our liberty." u concern trading with. the Mr. L'Espagniel stated. enemy."

The local subsidiary is not included in the black Hist, it is pointed out, but nevertheless steps to prevent it from having further connections with the other subsidiaries in enemy territory are considered neces- SLTJ.

Arrangements made between the British Government and the Dutch authorities, now on the side of the Allies, had facilitated the ex-

Java port of sugar from

to England."

It was only recently that 100,000 tons of Java sugar was sent to Britain, The value of the consign-

The Malaya Tribune also under-ment waя G.8,000,000. $1075 stand that similar action is being

|י

"Under present circumstances, taken in other parts of the Empire lowever, sugar is not as sweet, as

usually tastes," said Mr. L'Espagniol, explaining that many

tak

£63

£80

where the Bata Shoe

Company it

EST

have their subsidiaries...

£281

£11

$73

$310

831B

80 cta 8160

As it is, there will be no inter- "Java firms had seen their markets ference with the business of the considerably reduced owing to re-

50 ct. Leompany whatsoever but their strictions,

He said he was assured of the dealings will, however, always be

the "future" of sugar despite all the 3218. funder the supervision of

supervisor, who is Mr. A. 3. Kane, miseries of Europe.

***

$120

$101

$100

$100

36/0

of Messrs. Lowe, Hingham and "It is definitely safe," he said, Matthews.

adding, "One day Adolf Hitler will

BUSINESS DÖNE DURING THE WEEK

E.K. Banks, $1,060, $1070. Unions Ins., 315, 3124. Hotels, $3.

Lands, $30, $29, $282. Tramways, $14, $13.90.

China Lights (Old), $8, $5.90, $5.80.

China Lights (New), $3.05, $3.

Electrics (Old), $37, $36. Telephones (Old), $18,

Cements, $13.10.

Dairy Farms, $171, $17. Watsons, $7.40, $7.30, $7.40.

EK. Govt., 4% Loan 102.. HK. Govt. 34% Loan, 95 X. Int.

BUYERS

Unions, $310. Trams, $14.10.

China Lights (Old), $5.70. China Lights (New), $2.95; Telephones (Old), $19.25. Watsons... $7.50.

A

Hotels, $3.10. Lands, $294.

SALES

Electrics (Old), $38. Dairy Farms, $17.20..

SATURDAY, JULY, 6, 1940. —PAGE

Say "BLACK

& WHITE" and

be swie!

NO TWO WAYS" ABOUT IT, IT'S THE SCOTCH."

"SPECIAL SALE'

AT LOW PRICES

New Laid Leghorn Eggs

FROM THE

Diamond Leghorn Farm

Bola Agent:

HUNG CHEONG

66,

NATHAN ROAD, KOWLOON

TELEPHONE STAGE

WEEKLY RETURNS AND REPORTS

BANK OF ENGLAND LONDON, July 4 (Reuter),

Public Deporta

Other Deposita:—-—-

Bankers

Other Accounta Total"...

June 27

July

£

57,370

10,000

82,750

140,120

50,330

48,830

133,080

188,950

Government Securities

151,100

171,280

Other Becurities?----

Discounts & Advances Securities

4.710

23.540

23.190

23.250

28,640

Coins

29,580

. 1,770

602,150

608,180

16.43%

11.47%

168/-

Total

Notes and

Total Bullion....

Notes in circulatiem

Ratio of Reserve to Liabilities

Price of Gold at which holdings, are valued

KEROSENE PRICES REDUCED

The Asiatic Petroleum Company (South China), Limited advise that

163/-

BRAND

Silverlight (in Cases)

$5.00

Silverlight New Tins)

7:15

Crown Lampglass/Rising)

Bun (New Tins)

·7.00

Crown/Lampgiam/Rising

Bun (in Drums).

5.60

Cross (New-Tins)

Cross (in DTUKS)

5.45

The biggest shoe establishment probably come to the conclusion in Malaya, Bata has branches all that the Franco-British sugar over the country, and according market is still showing an upward to their manager, this action of tendency." Government is regarded as a fine Mr. L'Espagnol referred to the $6.90 gesture.

fact that Alexander the Great was |———— The supervision came into force one of the first great militarista two days ago, and the Tribune was to appreciate the importance of growing of cane sugar in all the as from July 4 their prices for informed that it will continue for sugar for the army.

territories under his rule.

Kerosene have been reduced by $1 the duration of the war

He sent a delegation to India, Bugar and · sugar-containing then the chief sugar-producing foods were supplied In ample per unit and their retail prices per country, for a close study of its quantities to the sallors of Spatiis unit of approximately 8-1/3 LG.$250 each and this amount is re-

are now as folows:-

$80

34/3

Shells

$8.90 Waterboats

Docks, Wharves,

Godowns. etc.

$95

H.K. & K. Wharves...

$95

Providenta ...

$3.10

815

HLK. Docks (Old)...

LA

814

$211

15/0

B01

$23

23

1294

Bat

豁

914

##!

1-

111

83.06

$28

$15 H.K. Docks (New)..

15/0

+Shanghai Docks..

Kailans

$9.55 Baubs

Mining

6 ots Hong Kong Mines.....

Lands. Hotels and

Buildings

H.K. & S. Hotels....

H.K. Lands.

$10 Do. 4% Debentures....

$970 Shanghai Lands..........

H.K, Benltics..

Humphreys

$104 Chinens Estates..

Catton Mills

829 Eiro (8.) ..

8210 S'hai Cottone (8.)....

Zoong Sings B.}........

Wing On, Textiles (8.) #125

Pablle Utilities

HK. TramwayB... $7.40 Peak Trams (old)..... 13.70 Peak Trams (new)..........

B

:

$3.80

$8.50

$6.60

4

$14

.:

$100

$99

$810

OPIUM REVENUE

ON DECREASE

Optum smokers of the FM.8. smoked less chandu last year than in the previous year, according to the annual report of the FMS Customs and Excise Department for 1939

་་

The total amount realised from the sale of optum was $5,641,917.10. and the amount spent in the pur- chase of chandu and chandu dross amounted to $1,122,504.47, giving á nett amount of $4,519,- 412.63 to be credited. to revenue. This shows a decrease of $722,389 from the nett, amount in 1933,

The total amount of chandu $21 sold during the year was 432,488 $5.90/3.90... tahtis, showing a decrease of 45,711 tahils on the 1938 figure. Included

157

**

production, and then ordered the Armada.

SHOE CO.LTD.

· HONGKONG

SUPPLIES ALL

KINDS OF FOOTWEAR

ROOM TO LET.

Comfortable room facing sex at in the figure were the 782 tahils North Point use of kitchen and New supplied to the Leper Asylum at necessary crockery and dining

380

Star Ferries

$22

Y'mati Ferries.

70

$8,00/ 80

Chios Lights (0).......

$3

China Lights (New)... 200

$315

$37

H.K. Electrica (Old)...

$38

$30

$17

$18

a nominal cost of $3 per tahil.

$19

the register was 25,946. compared with the 1938 total of 27,607.

17:1

ant

#3811.K. Electrics New).

Macao Electrica (Old) Maceo Electrics (New) Sandakan. Light Telephones (old).....

25 Talaphones (new)...... B'pore Tractions (Ord.) Industriak

| $14.00) Cald.; Macg (Ord.) 8.

Cald., Macg. (Pret.)8.

room-bachelor or married couple

Hongkong Baily Press CLASSIFIED ADVERTISEMENTS

BUTTERICK Expert Ladies' Tallor Style Ready Made Dresses

FOR SALE.

The total number of smokers on without children-Apply 87, Marble 16, Wyndham Street.

Road, Top Floor

AUCTIONEERS

384

Til 23815.

FOR SALE

Half unit drums are charged at

funded when drums are returned.

##

ROYAL STUDIO

Art Photographer

Excellent Enlarging & Developing

HOTELS

39, Queen's Rd. C.

Tels. 21184 & 33008.

RUSSIAN CUISINE

MORE POPULAR EVERY DAY

METROPOLE HOTEL

TEA DANCES

Thursdays

Saturdays

Sundays

་་

$1.

Canton Ices.

60 eta.

$13.10

$13.10

Cements

$13

$42

HK. Ropes ..........

Miscellaneous

$17

Dairy Farms.

$5.60 Entertainments

$17

$8.20

$17

Constructions (old)...

Constructions (new)....

37.46 Lane Crawfords..........

Nanyang Tobacco... $8.10

$2.00 Binceros

#7,30/40 Watsons

$7.25

$7.40

43

Ch. G.5% 19260$Bds.

·43%

$102

Int. 195

H.K. Gort. 4% Loans

103

E.K. Govt. $% Loan

85%

309

I.K. Wing Only,

$39

to

Vibro Filing...

9'hai Wing On $14

8/0

"Maremans" "Inv. (Lon,)

410

Maramana Inv. (LK

Si: Wm. Powalls

- †Sala to Shanghai-"

$4.20

There were 4,017 prosecutions for offences in connection with chandu in the FMS last year, states the annual report of the Customs and Excise Department for. 1939.

GREATEST COLLE TON OF

BARGAINS IN TOWN! ·

it'

LAMMERTS AUCTION ROOM

Teletion* No 2424

The anes indicted totalled Lambert, Brother $1.85 $171,045, a total of which only $45,715 was paid. In addition to in- stituting prosecutions in court, ad- vantage was taken of the powers $2.10 | vested in Customs Officers for the compounding of minor offences. The number of cases compounded during the year was 661, as com- pared with 1,037 in 1938.

The PMS. Customs and Excise Department collected $36,975,75

in revenue last year, according to $1 the annual report of the depart

ment for 1939.

INSURANCES ARE

-Tha National Mutual Life Association "of: Australasia offers you the best oqudition for a fund for old ago, and “your family in case of your death. "Annuities sad aduosilomal-policies ar Also Insted. Iaware Bow. Ones :--5).

Dear Ed Central (Gia Book „Hom No. 66), Bunk of Chatag Build-

ing, Honghong

TOL NOTIATOWELLS.

A selection of the best varieties of

RELIABLE &

TESTED

FLOWER AND VEGETABLE

SEEDS

From Messrs. Suttons & Sons, Reading? Messrs. Atlee Burpee & Co... Philadelphia Mesars. Arthur Yates & Co., Ltd., Bydney

The opportunity of serving you will be a pleasure and "your commands. will have our best attention.

GRACA & CO. No. 10 Wyndham Street PO. BT 620 Hong Kong

1940 ZENITH

NEW MODELS Just arrived-:

NO AERIAL, NO

GROUND,

Just ping in and play

CHUEN YEE HONG

54 Des Voeur Road C.

AT

Jimmy's

Telephone 24311.

ENGRAVERS

FEI FEL & CO.