1940-09-17 — Page 9

.

HONGKONG DAILY PRESS

2

Finance and Commerce

Overseas Chinese Organising Development Company

Taking an increasingly active part in national economic develop ment work, overseas Chinese in Hongkong are rapidly laying the groundwork for the organisation of an Översens Chinese. Develop- ment Company, to be capitalized at $50,000,000 Chinese currency.

The project, according to the leading sponsors, mostly overseas Chinese" of Fukien ancestry, was proposed last spring, and during the past 6 months of promotional, work more than 20 people have been enlisted, each pledging to invest a minimum of $100,000 in the capitalisation fund.

AMBITIOUS PROGRAMME

At a meeting of the preparatory | representatives will be sent to committee held recently in Rong- Malaya and Siam to interest the kong, it was decided that the Com-Chinese there. pany will be inaugurated as soon as $25,000,000 is raised, with head office in Chungking and initial re- construction projects will be started in Fukien province, Up to date, a total of $10,500,000 has already been raised.

The Company, when inaugrated, will undertake an ambitious pro- gramme of economic and indust- rial enterprises in the interior of China and Fukien province. In its prospectus sent out to sharehold- ers. It is pointed out that the ultimate victory of China's war depends much on the frontline troops, but postwar reconstruction- must necessarily be left in the hands of industrialists.

To interest overseas Chinese in the Philippines in the project, the preparatory committee last month sent Cheng Yu-shu and Huang Har-Ilang to Mahlia After con- sultation with the leading indus- trialists of Fukien ancestry. ac cording to Mr. Huang who return- The Company will have an ed to Hongkong yesterday, as- eight-point program, namely the surance was given that the Phillp-establishment of banks, develop- pine Chinese will support the pro-ment of communications, mining ject.

and industrial enterprises, aktore- conservancy, real

and

Deanite figures of subscriptions station, river pledged by the Chinese in F.I estate however, will not be known. until projects.

H.K. STOCK

EXCHANGE

The Mid-Autumn Festival was apparently of more interest than the market, which consequently suffered from neglect.

BUYERS

H.K. Fire Ins., $150. Providents, $4.

Lands, $30.25.

Trams, $15.60.

Yaumati Ferries. $21.50. Telephones (0), $23. Realties, $3.23.

SELLERS

Docks (O $17.

SALES

Docks (0), $16.85. Ropes, $5.50

HONGKONG

SHAREBROKERS

ASSOCIATION

Volume of Business Transacted on Monday, Sept. 16, 1940.

319 $5.50 The total value is $1,754,50,

Ropes

༣-

other reconstruction and its rich resources untapped. Coal deposits in Lungyen alone after the return of Mr. Cheng. It Decision to first develop"Fukien (are stated to total 13,000,000 tons, has been decided that if in addi-province has been made on the while its procelain, tea, lumber tion to the pledges from the P.I.grounds that though Fuklen is aand lacquer "Industries, already the total subscriptions have not coastal province much of the ter- well known. await a larger-scale yet reached the $25,000,000 mark. ritory has been left undeveloped development.

HONGKONG SHARE

STOCK EXCHANGE,

QUOTATIONS

SHAR BROKERS' ASSOCIATION

Bayar Balleri Bales

#1315, H.K. Banks

MONDAY

Войста Buyer

16 SEPT.

Banks

£79

Do. (Col. Reg.)

£67

Do. (Lon. Reg.)

£61

Chartered Banks

$190

1 call pd.

$160

***

$91

14

$16

::

$7

2278 Mercantile Bks. "A". ...211 1/18 $72

Mercantile Bks. “O”.

Bank of Eist Asia..... 872

N. C. & 8. Banku....... Insurances

Canton Insuranca...... $406 Union Insurances....

Underwriters

H.K. Fires...

Shipping

$120 Douglases

$11 Steamboats....................

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

$30

Indo-China (Det.)...........

38/10 Shells

$6.00 Waterbosts

Docks, Wharves. Godowns, etc.

II.K. & K. Wharves... Providents

H.K. Docks (Old)..... #16)

$16 H.K. Docks (New). $35

+Shanghai Docks..

Mining

Kailans

$9.55 Raubs

Hong Kong Mines......

$4.05

816.15

AN

$10

19:

::::

Balcoins:

FIRING PRACTICE

FINANCE & GENERAL

500 MILES PER HOUR:

WORLD'S FASTEST PURSUIT PLANE & BIGGEST BOMBER COMPLETED IN U.S.A.

LOS ANGELES, Sept, 8-The world's fastest pursuit ship and the biggest, bomber, the "David and Goliath" of the nation's air defence, bore the approval today of General H. H. Arnold, chief of the army air corps, and William S. Knudsen, chairman of the defence commission.

Both ships, the Lockheed interceptor pursuit plane and the Douglas B-19 bomber, were inspected by Arnold and · Knudsen yesterday and shown to newspapermen for the first time.

The interceptor was rolled from ago at an average speed of 400 Lockheed's Burbank plant, ready miles 3.1 hour. Captain B. & to fly, and will be tested "within Kelsey, crack army pilot, said the a few days," a company official ship "loated" at 420.

L

Fi

sald, Army officers said Lock- Major Wolte admitted today heed would be responsible for that it hit 460 with two-thirds taking the new super-fighter aloft throttle. Since then, army and on its maiden flight.

company engineers have spett 500 M.PH.

more than a year improving the mudel. Its power has been in The dual-motored interceptor

creased 50 per cent, and its spars, and the four-motored bomber are which support the motors and the fastest and biggest military dual tail assembly, have been tand planes ever built. Army ex-streamlined for a minimum of perts expect.. the heavily Armed drag.

pursuit plane to exceed 500 miles an hour.

The number, 212 feet from wing up to wing tip: tutards the length of a football field, has a tail assembly which stands three stories. Its motors each develop 2.000 horsepower. and it is, cap- able of flying non-stop with, a cargo of 18 tons of bombs from either New York or Los Angeles to Rio de Janeiro if it should be necessary to defend the western hemisphere.

FASTEST IN WORLD

Major K. B. Wolfe, chief production engineer for the air corps, said the fighter pursuit plane is without doubt the fastest military ship in the world. We know it will fly 460 miles an hour with two- Thirds throttle and hope it will do better than 500.”. No military plane stace

least

The plane will mount at one, and perhaps two, rapid-fire cannon, probably 37 millimeter. the biggest the army has used on

plane.

In addition, its pod-like nost will carry four to six heavy caliber machine-guns, it is said. Actual arms facilities are a matter for conjecture because the army has kept the point a secret. A single pilot trang it.

CREW OF 12

TUESDAY, SEPTEMBER 17, 1940. -PAGE

SAY

Gordon's

...and know what you're drinking/

GORDONS DRY GIN

DISTILLERY LONDON.

NO COLOURING MATTER

NO INJURIOUS INGREDIENTS

DON'T BLAME IT WEATHER REPORT

ON OLD AGE

Temperature: minimum last night.

79°F.

Rainfall for 24 hrs ending 10th

today, 0.00 Ins. Total rainfall since January 1st,

Hongkong Royal Observatory

10 a.m., Sept. 16. Barometer (at sea level), 29.91 ins. Research has shown that symp-Temperature, 85 F. toms apparently due to mere seni-Humidity. 78 per cent. lity have specific causes quite Wind Direction, E/N The B-19, built by Douglas Air-apart from age. It used to be Wind Force (Beaufort), 4. craft Company, carries a crew of thought, for instance; that harden- Temperature Maximum yesterday, 12 It will bristle with conn

88 F. ...ofling of the arteries is an essential. size not yet disclosed. It con- part of old age. That is not the ceivably could mount twice as view held now. The old phrase: large a gun

as the interceptor. "A man is as old as his arteries, army men said.

must give way, in Bir Hampbry It is powered

Rolleston's view, to "A man's ar- Wright with

111.42 ins. ** teries are the index not of his age Duplex motors. mounted 02 隐

Against an average of, 72.88 ins. single wing. Its tricycle landing but of his adventures."

But one thing can with certain Sunset tonight, 8.23 p.m. Boeing flying fortress was launch When it is finished,

gear"mounts eight foot wheels,

4 p.m., Sept. 18. ty be described as characteristic a longer ed has created the interest of this

Funway than any Douglas" has

of old age. That is the slow dry. Barometer (at sea level), 29.80 ina. phenomenal new pursuit plane will have to be built for its testing-up of the body, which in the Temperaturs, 85 F [Only the highest air corps offi-

end makes it impossible for the Humidity, 77 per cent.

Wind Direction, ESE. cells to work. cials and the engineers who bullt flight. It have an, inkling of what to ex-

Wind Force (Beaufort), 4. pect when it takes off. So far as

Maximum temperature. 88 F. a.m. is known, no planë of its size-

Professor Hogben has said that Minimum temperature. 79 F. "all living matter, from a jelly- Rainfall, ".

Light gun firing practice will be carried out between 8.30 and 11 p.m. today.

Firing area "A" will be affected. Heavy gun firing practice will 81305 be carried out between 9 am, and

4 p.m. on Thursday.

Firing area "B" will be affected.

£72

£67 £8

...21 1/10

MU

:iii:

::

+50-ct

2100

2400

5 cts,

$150

$120

$100

$100

36/10

$8.90

891

$331

15/0

15/0

$8.16

12, ots.

Lands, Hotels and Buildings

$3.55

H.K, & 9. Hotels.......

$3.68

H.K. Lands....

#301

1100 Do. 4% Debentures.....

$100

Shanghai-Lands...

93!

Humphreys

$7

Cotton Mills

$30) $80

83.10

--12-

H.K. Realties.

-$101 Chiasse Existes.

1

$41 Ewo (8.)

8182 S'hai Cottons (8)........

Zoong Sings (S.)....---

Public Utilities

$7.40- Peak Trans (old).....

Star Ferries..............

Y'mati Ferries...

****

Heavy gun firing practice

be carried out between ŷ and 4 p.m. on Friday.

Firing areas "A" and be affected..

11

it

will

the

wing spread of 42 feet and over-.

"B" will all length of 38 feet ever has heen harnessed with such tremen- dous power. Its two Allison

quid-cooled motors develop estimated 3,200 horsepower.

Light gun firing practice will

between be carried out

Pam and 4 p.m. or. Sunday..

Firing area "O" will be affected. Heavy gun firing practice will be carried out between 9 a.m. and 11 p.m. on Monday, Sept. 23.

Firing area"B" will be affected.

POWER" INCREASED

an

A prototype of the interceptor was flown from March Field, Cal, to. Mitchel Field, N. Y., 18 months

“ADVENTURE - SHOOTING":

CAMERAMAN DESCRIBES

PERILS OF CALLING

The life of a travelogue motion picture cameraman is not exactly one grand picnic; hait of the time he finds himself facing danger from various sources-brushes with man-eating lions and tigers: in the jungles of India or Africa, encounters with man-eating sharks 100 feet or more under water, and other similar nerve-racking incidents

But for all that, his life is interesting and never boring, with enough comical interlades to offset his daily fare of thrills.

This is a picture drawn by Capt. | John D. Craig, leader of a party

$39!

8210

of adventure Cameramen. who

their boat, asking that they be holsted right away.

The man on the boat

advised

$13 passed through Hongkong recent-them to stay where they

were

sure to

Designed along the lines of the DC-4, huge Douglas trans- port plane which was sold to the Japanese government a year ago as a commercial ship, the B-19 has been under construction for four years in

a special "hangar. It repre- sents an outlay of more than $1,003,006,

While the British and

יד

60 PER CENT, WATER

fish to the Archbishop of Canter- bury, is about sixty per cent. water."

Pointed, but not exact. The cavities in which the marrow the bones In fact, a child at birth is about lies become larger. seventy per cent. water, an adult fracture "easily.

about fifty-eight per cent. We Yet the beart goes on working United dry up slowly throughout our lives. like a Trojan to the end. It does States governments have placed The brain of a man of eighty not atrophy, shrink or dry up. large orders-for the Lockheed in-is generally three ounces lighter Perhaps that is why so many die terceptors, the huge bomber is re-than when he

twenty a of disease of the tired heart, garded more or less an experi-woman's brain loses about four Diseases of the heart and circula- ment. Its tests will govern large-ounces in the same time? The tion account for about half of all ly whether it will be made stand-lungs become smaller and lighter. deaths over sixty-five years old- ard.

The bones suffer rarefaction. (Evening Standard).

was

PRE-PAID ADVERTISEMENTS.

The following clasece 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

That "WE". have an outstand-

ing assortment of latest American

ly, after a visit to the Philippine because the sharks were Islands, where they were engaged attack them coming up, but would for a number of weeks to shootinprobably leave them alone is the scenes of Filipino life for a series stayed on the bottom. This they Shop" (Lazarus) Fedder Street.

Wing On Textiles (8.)

$15.90

H.K. Tramways.......................] $15.70|

$15.80

$3.70 Peak Trams (new).m

84

$60

360

#214

China Lights (0) China Lights (New)... 3.60

*22 $8.60

of lectures in the United States

***

«SPECIAL WORK

137 H.K. Electrica(New).....

$37

17

Macno Electrics (Old)]

$16

$11

€23

8231

+

837 H.K. Electrica (Old)...$37

***

$16

$8

Macao Electrics (New) Sandakan Lights.......

Telephones (old)

Telephones (new)....... 6'para Tractions (Ord.)

Industrials.................

$14.00 Cald., Macg. (Ord.) 8.)

$12 Cald., Macg. (Pref.).

817

Cantor Ices..

Cements

H.K. Ropes HM. Gork Loans

89944% Loan

81

$95 31%

(1934)..

(1940)

Miscellaneous'

Dairy Farms.....

#8 Jntertainments ...... $1.80 Constractions (old)...

81

Constractions (new)...

17.40 Lane Crawford.........

Nanyang Tobacco.....

$2.16 Sinceres. -------

89

Watsons

35% Ch. G.5% 1925G3Bde.

$39

H.K. Wing On

S'hai Wing.On

Vibro Piling

Mersmans Inv, (Lon;)

Maramaas Inv. '(H.K.)

Wm. Powell

+Sale to Shanghai

$18

18/0

4/0

::

$23

$9.66

Captain Craig said that he and

nis crew of cameramen frequently

although did, and came close. they wer lested.

the

DIFFICULT JOBS

starke not mo.

dresses for all occasions and price to suit all purses. Call at "Vanity

Experienced Book-keeper Wants Students to form a class. Guaran- ure sent out on special assign On these expeditions camera. tee students to keep a whole set of ments by Hollywood producers to men often find themselves forced books after completion of a course take pictures of out-of-the-way to devise their own cameras and 6 months. For. Term and Par

ticulars. Please Apply to:-Box places and features to be used in other equipment to meet a situNo. 463 c/o HKDF. special_Hollywood productions. tion, Captain Craig said, and thus and on these expeditions, from j contribute to the development of Alaska": down to the South Sea the science of photography. islands, on to Africa "and India. Op specially difficult jobs, the and out to the Far East, thrills men sometimes spend months in

50 uts

$14

Taze

100%

$95

:::

K.

WANTED TO BUY

and adventures are their daily research work with photographie WE OFFER HIGH PRICES for equipment, diving suits, radio sets any amount of gold articles,

As an Wustration Captain Craig for use under water, chemieni diamonds, jades, etc. No holidays. told of an expedition he and his combinations to discover the pro-Apply China Building, 7th floor. men made down to some islands per mixture of air for use in div Tel. 30727. Eurasia Gold Renning Foff the coast of Mexico where ng equipment, and other detalls. Co.

they were commissioned to "shoot These studies, he continued, have. pictures of sergasso "farms" lup often contributed to the advanca- feet or more under water..

ment of the selence" of diving.

Working on the sea floor"

$18.35

86.65

$1.86

821

82.20

#9

"250

with specially designed canre=

COLE ras one day, he and ́a

$39

$14

$8

panion suddenly came face to

We pay high prices for all Gold On such expeditions, Captain & Silver articles, Diamonds, Jade Craig said, his one formula is to and Gold dust. Apply China Gold try to anticipate his needs and Refining Co., Pedder Building, 2nd the dangers to be faced and pre- Boor, Room 6.

face with two blue-fin sharkapare, thoroughly for them, hetore which, he says, are the most starting out,

"Once you are dure of your equipment you ́ean;

ahead reasonable sat

viclotis of the man-eating-

variety. They

jimmediately

telephoned the man in charge with of their control lines aboard

said

Wanted to Buy 2nd Hand Type writer in Good Condition. Please apply to Box: No. 484 c/o The HKD.F

HOTELS

RUSSIAN CUISINE

MORE POPULAR EVERY DAY

METROPOLE HOTEL

FOR SALE

For Sale Fifty sets of Jubilee and

What offer? Please apply to Box No. 486 c/o The HK.D.P

Coronation Stamps 1st day Cover.

FOR SALE

A selection of the best varieties of

RELIABLE & TESTED

FLOWER AND, VEGETABLE

SEEDS

From

Messrs. Suttons & Sons, Reading.

Messrs. Atlee Barpen & Co..."

Philadelphla Messrs. Arthur Yates & Co., Ltd., Sydney

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

GRACA & CO. No. 10 Wyndham Street

0. Bor 620 Hong Kong,

TEA DANCES Tuesdays

Thursdays

Saturdaya

Sundays

5 to 7.30 p.m.

ENGRAVERS

FEI FEI & CO. Photo Engravers

18, Cochrane "Atreet, Telephone No. 22224.

AUCTIONEERS

GREATEST COLLECTION O

BARGAINS IN TOWN:

JAMMEETS UCAPAN ROMANT Lammert, Ar

Jimmy's