1940-09-02 — Page 9

HONGKONG DAILY PRESS

Finance and Commerce

China War Costs

Japan

11

23,700,000 Yen Daily

Japan's war costs have mounted from 16,670,000 yen a day in 1937 to 23.700,000 yen a day in 1940, according to the latest "issue "of "the" Military"Affairs,"published by the Military Training

Board, Chungking.

yen.

On the China war Japan in 1937 spent 4,501,300.000 Including supplementary emergency budgets; 7,121,600,000 yẹn In 1938; 7,082,368,000 yen in 1939. For the fiscal year of 1940-41 the amount was increased to 8,535,000,000 yen.

H.K. STOCK EXCHANGE

Saturday, August 31. Although the turnover Was small, the fact that buyers again enhanced their uffers suggests a better market may be expected after the holiday week-end.

BUYERS

HK. Banks, $1.355. Union Ins., $372.50. HK, Fire Ins.,”" $140.

Providents, $3.90.

Hotels, $3.40

Lands, $39.65, Realties, $3.15.

Trams, $15.50.

Yaumati Ferries, $21.25, China Lights (Old), $6.50. China Lights (New), $3.60. Electrics (Old), $37.65.- Electrics (New), $36.25. Telephones (Old), $22.50.

Cements, $15.25.

SELLERS

China Underwriters, 10 cts. Vibro Piling." $3.

|

AEROPLANE FUNDS

FURTHER GIFTS ACKNOWLEDGED

LONDON, Aug. 31 (Reuter)-Lord Lloyd, the Colonial Secretary, has thanked Trinidad for a further contribution of £10,000 for the purchase of aircraft.

Other gifts acknowledged by When the present fiscal year of Lord Beaverbrook, the Minister Japan's national budget ends, in of Aircraft Production, included March, 1941. states Military Af- £5,000 from Newfoundland for a fairs, Japan will have spent a Spitfire and the fifth Spitfire from total of 27,239,700,000 yen. Divid-¡the people of the Gold Coast. ing this amount by the 45 months Acknowledging the latter gift.

FINANCE & GENERAL

Neglected "Outer Islands" Of N.E.I. Still Undeveloped

WASHINGTON

T

Exploitation of the vast Outer Islands, or "the neglected" isles of Dutch East India would present tro- mendous difficulties to any power, the Far Eastern Survey ra- ported here in a recent study.

༔།

The Survey, which is regarded in many quarters as an im- partial research publication, called attention to the fact that most of the population and exploitation of the rich Dutch Indies is concentrated in Java,

JAVA COMPRISES, only 1 per cent of the total area - of- Netherlands India, yet 40.000,- 000 out of a total of 60,000,000 persons in those islands Ive in Java, it said.

TRULY NEGLECTED "The territories which account for the other 95 per cent, known technically as the Outer Provinces, and often as the Outer Islands, are usually dismissed in a few words In popular, surveys of the Dutch Empire and its problems. In this

¡in are the state of California, The island of Celobes, covering. its outliers, an area of nearly 73,- 000 square miles, is a good deal larger than the state of Washing- ton, while on the island of New Guinea the Dutch held 153,000 square miles of territory, ori area equal roughly, to that of Japan."

MOUNTAINOBS COUNTRY The Survey then launched Into lengthy discussions of each targe island outside of Java. It descri

ed Sumatra as much the most im

but said it consists of a central rugged core of mountainous comiti - try surrounded by lowlands

from July, 1937, to March, 1941 Lord Beaverbrook said "It will of 605,300,000 yen Japan will have spent an average help make the sky of, Britain sense they are truly neglected is. Portant from many points of view,

а month or grave-yard for the enemy's dreams 20,180,000 yen a day, according to of victory." the journal.

In 1937 Japan's was expend

tures averaged 16,670.000 yep a day, 19,800.000 yen in 1938, 19,700,- 000 yen in 1939. In 1940 she had to increase the daily figure to 23.-] 700,000 yen a day.

lands

"One purpose of the present sur vey, however, is to examine these

I

•

Jungle.

of

NEW INSURANCE Outer Islands a little more closely marshy nature covered by thick

SCHEME

than usual and to see whether

Borneo the largest island-las their relative backwardness is due similar difficulties, it said. to a more serious sort of neglect

*The Borneo enviroment is not

MONDAY," SEPTEMBER 2, 1940. -PAGE 9.

SAY

Gordon's

and know what you're drinking/

GORDONS

DRY GIN

DISTILLERY LONDON.

NO COLOURING MATTER

NO INJURIOUS INGREDIENTS

LONDON, August 31" (Reuter) -- neglect on the part of those who conducive to rapid European pere- -British insurance brokers ap In the opinion of the journal,parently don't think much of the ther it results from limitations exploitation, not to mention settle-

rule Netherlands India-or whe-

tration even for the purposes of the actual war expenditures were German raids on Britain, if a new upon development inherent in the ment. Much of the interior is higher than those embodied inform of polley is any criterion. character of the islands them the budgets, the balances being

vastly greater numbers to Java "Some indication has been given mountainous, rugged, heavily

and Madura than to the other la- the selves. A secondary purpose is to wooded and difficult of access lands where the environment was hampering development of the environmental . difficulties made up by supplementary emer the damage so far has been sus show how closely these islands are while around the greater part of less favourable and where it was Outer Islands and, more important gency budgets used mainly for tained by civilians and that dur-tied into the economy of the whole the coast extend broad swathes of harder to wrest 2 living from the still, the difficulties created by

(Central

milltary nurposes. www News).

Lands, $29.80.

SALES

Electrics (Old), $37.76. Electrics (New), $36,45.

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE,

Bayern

Sellers

Salon

| Nominy

$893

$1255

203

$210

$3721

$140

10 cta.

$3.90 $15,65

$4 83.30

Z cts.

SHAKYBROKERS'

ASSOCIATION

SATURDAY

Buyer

Ballers

Sale

Margina

Banks

81260

£6

31 AUG.

II.K. Banks

Do. (Col. Reg.)

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

£28 Mercantile Bka. "A". Mercantile Eks. #C".

873

Bank of East Asia..............j. N. C. & B. Banks...... Insurances

Canton Insurances.............

Uhion Insurances....... 8376

Underwriters

H.K. Fires......

$120 Douglases

$11

Steamboats

$100 Indo-Chinas (Pref....

Tado-Chinas (Def.).....

Shells

$8.90 Waterbonis

Docks, Wharves,

Godowns, etc.

$80

32/8

Shipping

བླླ:;

***

Despite the fact that most of

Dutch archipelago.

STRATEGIC VALUE

79

almost worthless mangrove swamp.

FORBIDDING. LAND The survey described New Guines

$011.

ing the past few days Nazi bomb- ers have concentrated on points where there are no military ob- jectives, insurance brokers have The Outer Islands extend over evolved a scheme insuring people ur

enormous expanse of Be- against death or injury at the rate broader than the United States as "A forbidding land. Its coastal of one shiling a month for every from east to west, and stretching covered by almost impassable junevenness of the present, distribu-able when it is remembered that

£50:

· lack of an adequate labour supply. "This very natural preference of, In the lace of these difficulties the pre-European peoples for the much has been achieved by the smaller, richer islands is of more administration and the efforts of academic interest today since it European and native enterprise. areas swampy, fever-ridden' and

accouns very largely for the un- The results are the more remark- from north to 30uth over 12:50 As 50 is equivalent to 1,000

gle; its mountainous Interior in- t.les.

tion of population over the archl-the attempt to develop the Opter shillings, this means that they They lle like an intricate screen accessible and as yet almost un-pelago; and the fact that Java is Islands was only really begun dur- estimate the chance of casualties to the nurta, east and west of

explored."

crowded and the other islands ing the present century. at 1,000 to 1, and the scheme is,

It said: "How rich or how poor sparsely inhabited helps in turn "Today no charge of neglect of Java, a fact which would be of Indeed. called the "Thousand to One" policy..

considerable strategie Importance

not

It applies to anyone who is serving in the Army, Navy or Air Force.

LONDON METALS

£69

£83

£8

11

£231

£11

373

50 ct.

EXCHANGE

London, Aug. 30 (Reuter). „Tin. Standard. Cash, Middle Price, £257-3/4.

Dutch New Guinea may be in

et progress made in Java by the directed against the rulers of in the event of external aggression other natural resources (than oil) to account for the relatively great-the Outer Islands can be fairly.

no one knows, since the prelimin- Crutch,.

Netherlands India. Much remains... from any of these directions, espe-

ary, work of exploration and pacl- cially since the straits by whichfication has not been parried very the Dutch came to the Indles not ment is one of tremendous diffi "Unlike the earlier immigrants, to be done but the task of develop- the Island Screen is broken are all

far For the present it remains narrow, Father hazardous for

to settle but to exploit them; the culty and progress must navigation and could probably be very largely an unknown land of process of economic exploitation slowly. It is not likely that pro- blocked to an enemy by the use which only the fringe has been demanded an adequate labour sup-gress would be more rapid in the

of coastal batteries and even a modest naval defense force.

"The islands range in size from

tiny coral atolls to great lang

come

touched by the Dutch influence.

ply. In Java ar ample labour hands of another power than in "All in all the natural resources force was available, but in the the hands of the Dutch they of the Outer Islands, particularly

Outer Jalands an acute labour are allowed to carry on their work Sumatra be excluded from the shortage has always been

one undisturbed." reckoning, do not make up a very major factor retarding develop- masses like Borneo, the Dutch part was of which is almost as large as formidable total, and when they ment even where there were 10- demand

are compared with Java, it is not tural resources to be exploited. France, and Sumatra, which equals surprising that the latter should

Tin, Standard. 3 months, Middle

$210

Price, £258-5/8. "

10 ct.

Home consumer

*

8:46

quieter. Market steady.

$180

810

$100

$100

39/6

88.00

$90

H.K. & K. Wharves. Providents ....

$85

83 00

$3.00

8152

II.K. Docks (Old).....) $15

815

$13

5262

16/0

::

18/0

H.K. Docks (Now).....

320 +Shanghai Docks.

Kailans $9.55 Kauba

Mining

Houg Korg Mines...... Lands, Hotels and Buildings

H.K. & S. Hotels.

*

::

13.40 $30.60 $30

$3.40

nio

H.K. Lands........

8291

Da. 4% Debentures....

$100

$3.10

J.K. Realties..

$3.15

$8)

**

$15+

157+

8211

26

$3.50

$37.65

$221

$164

$17

B

2

::

:

$15,55

10.9 Shanghai Lauds.........

Humphreys

$101 Chinese Estates...

Cotton Mills

$33 Ewo (S.) .................... 8210 S'hai Coltons (8.);

Zoong Sings (8.)....... Wing On Textiles (9.), 8125

Public Utilities

1.K. Tramways......... 8154 87.40 Fesk Trams (old)...-j $3.70 Peak Trama (new)...

Star Ferries......... Y'mali Ferries...........! $211 China Lights (0).....*.

China Lights (New).......

H. K. Flectrics (Old)... 837)

H. K. Electrica(New).....|

Macao Electrics (Old)

Sandakan Light.........

***

Telephones (old)....21.85

| Telephones." (now jus

S'pore Tractions (Ord.))

Industrials

| 814.90| Cald., Macg. (Ord.) B.;

3374

$38.46

$17

$18

Macro Electrics (New)

$11

$12

Cald, Macg. (Pref.)9.

81

Canton Ices....

Coments *****;

66

H.K. Ropes...........

·HK,Gort. Loans

$99 4% Loan

$36 31%

835 31%

(1934)... (1940).

Miscellaneous

Dairy Farms.......

68.60 Entertainments

$1.80 Constructions (old)......

Constructions (now)....!

$1

$7.48 Lane Crawfords.

836

$210

414

$9

$4

°་

FOREIGN BUSINESS IN NORTH CHINA UNDER JAPANESE THUMB

TIENTSIN, China-Foreign businessmen here don't know whether they're coming or going, but they've a fair idea they're on their way-out.

The Japanese sponsored North China government say fit to impose new import restrictions last June 25th which require affi- clal permits to import anything from abroad.

estimate

that North

Up to this writing the authori-| Japanese ties have refused to explain the China exports about US$2,000,000 regulations fully. The customs worth of goods monthly, and that administration and the official imports will be scaled down to 90 banks charged-with-enforcing the per-cent of the exports Fomery restrictions through permits and imports outweighed exports several allotments of foreign exchange times:

say they're as much in the darki

as everyone else.

NO IMPORT PERMITS

Not only are imports slashed' to

a traction of their former figure, they are carefully budgeted -

of the available foreign

have attracted the principal at-

Export licence, and import and forms under export declaration At this point the survey under-the Registration of Imports and tention of the Dutch after the hey-took considerable discussion of ex- Exports Ordinance, 1932, will. as day of the Moluccan spice trade ports which are sent from these from yesterday, no longer be is- islands and some profits which ara sued by the Imports and Exports had passed.

available.

HARD LIVING

INADEQUATE LABOUR "It is significant that even the pre-European immigrants to The In conclusion, however, the sur- East Indian Archipelago Lowed in vey said;

Department Applicants are re- quested to print at their own ex- pense forms in accordance with specimens obtainable free from the 1, and E. Department. -

PRE-PAID ADVERTISEMENTS.

The following classes of advertisements are charged at the price given below:--- SITUATIONS, VACANT.

HOUSES AND APARTMENTS WANTED.

HOUSES AND APARTMENTS TO BE LET. MISCELLANEOUS WANTS.

Announcements not exceeding 25 Words are inserted under this heading at a Pre-paid-

Rate of $1.50 for THREE INSERTIONS. If Charges collected, $2.00.

WANTED KNOWN..

." VANITY” Mezzanine Entrance

But this much is plain. No per-cording to what Japanese experts mits to import new goods have consider the essential needs of the been granted. The banks and the country.

Half customs say they hope to clear imports ordered and paid for prior exchange gained from the sale of N. Lazarus & Co.. Pedder Street. to June 26th, but beyond that exports will be devoted to buying

Beautiful Selection of Evening they profess ignorance as to how foodstuff imports.

& Afternoon Dresses, also Day Frocks. Costume, Jewellery, Cos- metics and Perfumes. Latest from New York.

the restrictions are going to work: One fifth will be allotted to the North China Development Com- out. $38.

American motorcars are lined pany, Japanese super-holding 86.3 up on the customs docks here concern which controls all indus- $3 waiting to be cleared. So

are try, communciations and natural shipments of other American in-resources in North China. econo- ports, including tobacco, petroleum;mleally. products, cosmetics and machin-

$38.40

ery.

:

POOR PROSPECTS

Experienced Book-keeper Wants Students to form a class. Guaran- Ten per cent. is being set aside tee students to keep a whole set of They are accumulating storage to buy petroleum imports and the books after completion of a course $0.70 charges customs fines, and remainder one fifth of the total of 6 months For Term and Par

damage from exposure, Importers will be used for all other pur-

Please Apply to:-Box cannot make advance contracts poses.

No. 483. c/o HK.D.P.

816)

-$4.95

[100

$95

$17.80

Nanyang Tobacco....... $3

82.16 Sinceret

Watsons

35% Ch. G.5% 1925G$Bds.

II.K. Wing On

himself under such a scheme.

ticulars.

WANTED TO BUY

HOTELS

RUSSIAN CUISINE

MORE POPULAR EVERY DAY

METROPOLE HOTEL

We pay high prices for all Gold.

& Silver articles, Diamonds, Jade and Gold dust. Apply China Gold Refining Co.. Pedder Building. 2nd, 1061, ROODI:"6.

FOR SALE

A selection of the best varieties of

FLOWER AND VEGETABLE

because they have no way, of The foreign importer here thinks knowing whether they will ever he sees very little prospect for 50 ate be able to deliver the goods.

NO ACCURATE CHECK

The foreign exporter, meanwhile, There is no accurate way of is also carefully regulated through WE OFFER HIGH PRICES for RELIABLE & TESTED checking it, but foreign importers control of, foreign exchange and any amount of gold articles, believe that both Japanese and export permits, and is furthermore diamonds, jades, etc. No holidays. Chinese importers are being just being required to join" "exporters' Apply China Building, 7th floor. ,"i as hard hit as they are. As for associations" which imply further Tel. 30727. Eurasia Gold Refining Messts. Suttons & Son, Reading. the future, they predict that things control. He sees little chance of Co. $0.20 may improve for their Japanese competing, for long. with Japan-

and Chinese colleagues."

$1.85

ese competitors."

Japan, in short, is making North

That, he points out, is the way China toe the line in her plans it worked in Manchukuo, $2.10 for an East Asiatic bloc composed

of Japan, Marichukuo and China,

28 to be economically independent of HONGKONG

$39

830

S'hai Wing Op

$14.

Vibro Piling

$8

8/9

| Marsmans Inv. (Lon.]]

4/0

Mararaans Int. (H.K.)

Wm. Powella....

$1

+Sale to Shanghai

foreign powers,

One of the chief means of bring-

ing this about locally is the strict. control of foreign exchange' and thereby of imports and exports,

JAPANESE ESTIMATE Rellable sources here state the

SHAREBROKERS

ASSOCIATION,

Volume of Business Transacted

on Saturday, August 31, 1940. Dairy Farme

SEEDS

From

Messrs. Atice Burpee & Co., Philadelphia

Sydney

Wanted to Buy 2nd Hand Type-Messrs.. Arthur Yates & Co., Ltd. writer in Good Condition. Please apply to Box 'No.' 464 c/o The | H.K.D.P,

FOR SALE

For Sale Fifty sets of Jubilee and Coronation Stamps 1st day Cover..

168 $17.00 What offer? Please apply to Box.

The total value, is '$2,921,60; ·

No. 485 c/o The HK.D.P.

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

GRACA & CO.

No. 10 Wyndham Street 9. O. Box 620 Hong Kong.

TEA DANCES Tuesdays

Thursdays

Saturdays

Sundays

5 to 7.30 p.m.

ENGRAVERS

FEI FEI & CO. Photo Engravers

18, Cochrane Street; Telephone No. 22224,

AUCTIONEERS

[}]

GREATEST COLLECTION BARGAINS IN TOWN!

LASIMEKT'S AÇORES ROOM |Dauntnert, Brasives

Std Crasteel. Telephone No 20221.

Jimmy's