1940-10-09 — Page 9

HONGKONG DAILY PRESS

Finance and Commerce

TRADE UNION CONGRESS: BRITISH WORKERS PRAISED BY MR. WILLIAM HOLMES Unequivocal Attitude Of Labour Towards The Wo

-U.S. CREDITS...... FOR BRITAIN Move For Repeal Of Johnson Act

FINANCE

Padi Cultivation: New Schemes To

To Make

For Self-Sufficiency

Subsidy fees, ranging from $30 to $35, for the clearance and cultivation of every acre of rice field allotted, by the Govern- ment, will be paid to hundreds of Chinese and Malay þad) cul- --tivators-in-the-State-of-Johore-shortly... when the subsidiary rice... cultivation scheme of the State, approved same three months ago, is launched, says the Mala ya Tribune.

Intended as a means to provide | 8.000 over the acreage of three

encouragement to the years ago. further icolonisation of areas where rice This considerable increase has can reasonably be expected to be been due particularly to the Gov- successfully cultivated, this step ernment's contribution by way of PHILADELPHIA, October 8

by Government la regarded in irrigation schemes, on which a ar (Reuter) President Roosevelt, may

various circles as a further step large sum of money has been be counted upon to support the towards the self-supporting drive spent. repeal of the Johnson Act to en- of the State, and of Malaya able credita to be extended to

LONDON, Oct. 8 (BWS), "I regard the past year's work with pride and satisfaction. We have surrendered or compromised no vital Trade Union interest. On the contrary we have secured for the Trade Union principles a fuller measure of recognition and more extended application of these principles, and I believe there is more generous understanding and appreciation of ever before."

a

them than

■

These words were spoken yesterday to 350 delegates attending the Trade Union Congress by the President. Mr. William Holmes. when the attitude of organised labour in Britain towards the war was unequivocally expressed

It is

noteworthy that all the

these schemes,

regular

Britain if the war should be pro- The actual amount of money to fields to be allotted to the people longed to a point at which Bri-be paid to a colonist will, however, will benefit by tain's present cash resources end, depend entirely on the amount thus being assured of a declares the Washington corres vt clearing work he has to do supply of water. pondent of the Philadelphia Ir before he can start work on his quirer,

ITALIANS LACK the assault upon our freedom and to the fact that Britain 1s

OIL FUEL

Shortage Discussed

At Brenner?

BERNE, Oct. 8 (Reuter) Oll shortage 19 a frequent

field.

not

It is understood that several Chinese and thousands of Malays have already signified their willingness to take up lands allotted by the Govern- ment

The correspondent adds that in according to informed circles Washingtion, the Administration's Continuing he said: "Against lack of interest in Benator King's the organised powers of evil in Bill for repeal of the Act is due

life the entire resources of our immediately in need of American nation, and of the Commonwealth credits. of British nations, have been mo- bilised, and we can claim that, the Trade Unions represented in this, asserably have made their full contribution to the nation's war effort.

"No further

revelation

EMPIRE WOLFRAM

FOR BRITAIN

·OTHER FOODSTUFFS Simultaneously with the coloni- sation of these padl fields will be the start of subsidiary schemes to make Johore more self-sufficient as regards other food crops and livestock.

WEDNESDAY, OCTOBER 9. 1940.-PAGE

No sleep last night? TRY

"BLACK & WHITE"

YOUR FIRST SIP TELLS YOU IT'S THE SCOTCH.

are expected to Brow Market Report

FROM ROZA BROS.

Tuesday, Oct "8.

It is believed that Chinese "co- The months which have lapsed lonists.

ELECTRIC since the approval of the scheme vegetables in their allotments as have been spent on delineation of well, while the rearing of poultry

PETROL PUMPS ands for Chinese and Malays, as and pigs is also expected to be well as

for investigations to be done in between harvests of padi. The price for Ready Silver was FOR SPORE - made regarding the fertility of With the delineation of plots unchanged yesterday, but the

Considerable delay to motorists it is gen- Forward rate rose 1/18 to 23.3/8 the allotments so as to ensure now almost complete,

rally expected that the subsí- Silver advices reported the mar will be removed by the proposed good response.

Introduction into Malaya of petrol American as being quiet, Johore's expanse of rice culti-diary scheme will be launched | ket

Silver was quoted at 34.3/4 for pumps worked electrically. vation has risen quite consider-before the end of the year.

Spot. ably since two or three years ago,

The London/New York but this figure is still considered

rate was quoted at 4021/2. New York/London was quoted at 404

(Reuter) LONDON, Oct. 8 Negotiations are now proceeding than for the renewal of the Ministry topic of conversation in Rome,

we have had of the malignant of Supply's wolfram contract with cruelty, treachery and inhuman-Empire producers. Producers are say travelers arriving here. Many think that this Was anty of the forces arrayed against asking for higher prices but the Important subject of discussion us can do more than strengthen trade considers that the present inadequate.

The area now under cultivation between Hitler and Mussolini at our resolve. It cannot

price of 50- FOB. is reasonable Brenner, especially as political us or make us finch..

since it relieves the producer from is believed to be approximately "We know now.

12.000 acres, an increase of about all shipping risks,

observers in Rome believe that

terrorise

beyond

of Us

Arc

of supplies expected from the shadow of doubt, if any

doubted it before, that we U.S.S.R. have falled to umivé.

The Inactivity of feet is ascribed to the necessity war by the vilest means.

the Italian fighting an evil thing. It makes HONGKONG SHARE QUOTATIONS

of economising in oil fuel and this reason is also given for Italy's re- fraining from attacking Greece although her troops have long been held in readiness in Albania. men, babies, cripples and

Reports from Rome state

· SYSTEM OF FRIGHTFULNESS

"It practices cold-blooded eruel ty and frightfulness as a system. It spares nothing neither, wo-

B.S

that a number of German.. officers

technicians and well as dive-bombers are al- tached to Marshal Graziani's army in Africa, but the Ger- mans have not yet been able

to transport troops and war material to Libya,

"PARTY WAR" Travellers have stressed,

Jack of war enthusiasm in

aged civilian hos- pitals nor helpless children mov ing to places. stormy seas.

people in the centres of

population nor the sick in

of safety across

"Even of greater importance than the contribution our move- ment is now making to the effec- tive organisation of the nation's

war effort is the service it will the be called upon to give in rebuild- Italy ing the life of the nation after

and the detachment with which the war.

the Italians regard the confict "Not only will there be à re- which 19 frequently called a building of the material structure "Party's War."

of our Efe, but there must also

Travellers who have been both be a guarantee in our social aná. in Rome and Berlin consider that economic arrangements "that the the morale of the German public human needs of every man, wo- is more affected than that of man and child shall be satisfied.

FREE PARLIAMENTS the people of Rome. It is

stated

that the Italians as yet scarcely "That food, clothing and shelter feat the wor while Berliners' which a properly organised in- stamina. undermined by many idustrial and social order can years of short rations. is hein amply provide shall be available, badly shaken by air raids,

to all

TIENTSIN FUR

RESTRICTIONS

"That all freedom of thought.

association shall speech and

STOCK EXCHANGE,

Bayern Bellers

Salio

SHAREBROKERS" ASSOCIATION

Halas Tomina:

Barry Bellers

TUESDAY 8 OCT,

Banks

#1305, K. Banks

$1300

574

Do. (Col. Reg.)

£74

£64

Do. (Lon. Reg.)

£84

£et

Chartered Banki

£C饨

26

Mercantile Bks, "A"

£10

Mercantile Bks. "C"

$72

Bank of East Asia.

N. C. & S. Bank....

Insurances

$200 Canton Insurances...

35/7

PAPER- MAKING PLANT IN PENANG?

DuD..

MARKET

STERLING

"

Cross-

There were sellers at 1/2.31/32 up..to December, buyers at 1/3 for any delivery. No business was re- ported. Business concerns which need. a.

U. S. DOLLARS constant supply of paper for their

Qulet. There were sellera at work, will be glad to know that 23.3/16 for near and possibly a group of Chinese are contemplat-small buyer at 23.1/4 for Cash. ing opening a paper manufacture No transactions were reported. lag plant in Penang.

This will be the first enterprise

£931 of its kind in Malaya. The fac- £10tory will be at River Road, near $72 Sungei Pinang. 150 ct.

$190

Orders for the necessary ma- chinery have been placed and the plant is expected in Penang in a few months' time. It will be $150 operated as an experiment for the first few months. It is expected $120 that 15 tons of paper can be pro-

duced daily.

$396

$405

#t

Union Insurances............... Underwriters

$400

#1

$150 H.K. Fires...

"

Shipping

$120 Douglase

811

$10

Steamboats

8100

Indo-Chinas (Pref.).

$100

$90

Indo-Chinna (Def.

$100

Shells.

35/7

26.90 Waterboat

$6.00

Docks, Wharves,

Godowns, etc.

$91

H.K. & K. Wharves...

$91

$4.20 Provider's

84

$187

H.K. Docks (Old)...

$18

HK. Docks (New).....

$161 318

$291

14/0

$8

1292

8201 +Shanghai Decks...

$140

Mining

Kailans.....

1 cte, Hong Kong Mines.......

Lands. Totels 'and Buildings

F.K. & 8. Hotels....... H.K. Lands................

be

re-amrmed and safeguarded

and

that through free elections Parliaments shall be assembled to preserve the Government of the

frec

#31

$301

$30

#301

9100 Do. 4% Debentures...

$100

$10

Shanghai Lands.........

the

23.13

H.K. Realtiesparar

#3)

earth,"

be

27.10

Humphreys

an

$101

Chinese Estates.........

€39

Ewo (8.) caráters.

Exporters' Appeal To people, by the people, for

Washington

CHUNGKING, Oct, 8 (Reuter)-

anese

appeared

people, all over the concluded.

Over

on

H.K. STOCK EXCHANGE

$15.70

There were small sales today at

It is officially revealed that Jap

fighters Chengtu for the first time Saturday.

Jan- About noon 18

anese fighters reached the city. slightly lower rates with buyers half an hour before the arrival of bombers.

They were engaged by Chinese Aghters as well as anti-aircraft fire,

The invaders, Aghters swept the northern outskirts of Chenglu fre with heavy machine-gun Later 27 Japanese bombers ap... peared and strafed the north- western outskirts of the city.

Three Japanese bombers are sald to have been damaged by and anti-aircraft fire, Chinese "did not reach their base ".

On the previous day, October 4, bombed the Japanese aircraft

north-eastern outskirts of Chers

tu

HONGKONG:

SHAREBROKERS:

ASSOCIATION

Volume of Business Transacted

on Tuesday, Oct. 8, 1940.

looking for bargains.

BUYERS

Union Ina, $395. Lands, $30.25. Electrics (0), $35.75. Bectrics (N), $35.50. Ropes, $5,60- Entertainments; $6.60.

SELLERS

Canton Ins., $199. Union Ins... $405, Wharves, $91:

Docks (0), $16.50. Docks (N), $18.25

Hotels, $3.25,

Trams, $18,60, Star Ferries, $59.50." Yaumati Ferries, SA, Telephones-40), $23, Telephones (N), $10. Cements, $15.75. Vibro, Piling, $3.

SALES

Canton Ins., $100.

BALES

Hotels, $3.10.

China Providents

.500 $4.10

Trams, $15.50.

HK Hotels-

500

3.10

Electrics (0); $36,000.

H.K. Ropes

500,

6.60

Electrics (N); † 535,75.

China Lights... (O):

250

8.60

400

6.60

2,150

London, Oct.

The total value is $10,000.00.

LONDON GOLD

(Reuter).

Bar Gold, Fine per oz, 1881-

Cotton Mills

8181 S'hai Cottons (8.)----|

Zoong Sings (8.).

Wing On Textiles (S.))

Public Utilitles

H.K. Tramways.........................

$7.40 Peak Trams (old).... $340

Peak Trams (now)...

Star Ferries.....

Tmati Ferries..

$690 China Lights (0)

$6.60 China Lights (New)...

·

$23

#3381/1

H, K, Electrics (Old)... $38

#38

H.K. Electrics Now)...

35

$17

Macao Electrics (Old)

316

Macao Electrics (New)]

$11

Sandakan Lights....

Telophones (old)................

$10

Telophones (now)

B'pors Tractions (Ord.) Industrial

"

$14.90) Call, Macg (Ord.) 8.

$1

Canton Ices...

150 ots.

Cemente

$161

100%

195.

$12. Cald., Macg... (Praf.)5.

::

$5.80 HK. Bopes

ILE. Gort Louns

899 4% Loan

31%

$94 33%

́(1934).

(1940).. Miscellaneous

$18Dkley Farme

Entertainments

$1.80 | Constructions (old)...

Constructions (new).

$7.45 Lane Crawfords..............

Nanyang Tobacco......$3 $2.16 ginceres

881

35. Ch. G.5% 1925G3Bda

$6.00

01

Watsons

IK. Wing On

B'hai Wing On

Dr

Vibro Piling emojiend

8/9

Marsmans Inv. (Lon.)

9/0

Marsmans Inv. (HK)

Wm, Powells........

+8sla to Shanghai

1

$8.70

8154

Among those interested in the project is a teacher, of chemistry in a local school-(Malaya Tri- bune),

The substitution of existing hand petrol pumps by these elec trically operated pumps, at eight firms and of Singapore's motor petrol kiosks, was approved at the meeting of the Municipal Com- missioners today.

The spots where these elec-

trically controlled pumps will be

available are. the Borneo Motors, Federated "Motors, Lyons Motors, Malayan Motora, Thornycrofts. Universal Cars, and filling stations and Orange at Orchard Road Grove Road.-

at 1/2.31/32 up to December, buy- ers at 1/3 for any delivery. "

SHANGHAI DOLLARS

U. 8. DOLLARS Opened with sellers, at 402 with business

with done subsequently

Quiet, The market closed 397 and 396, The market closed small sellers at 23.3/16 for Cash.

buyers at 23.1/4 for near.

at 1 pm with sellers at 400.

at

SHANGHAI DOLLARS SHANGHAI MARKET

Business was done at 404 and Erratic. Opened with sellers of Sterling at 3.45784 and closed also 403. The market closed with with sellers at 3.47/64, US. Dollars possible sellers at 404. opened with sellers at 5.3/4 and closed with sellers at 5.27/32 for Spot.

AFTERNOON MARKET

Quiet.

STERLING

SHANGHAI MARKET

Opened this afternoon with sell- ers of Sterling at.3.11/16 for Spot and closed at the same rate. US

with sellers at Dollars opened

5.11/16 and closed at the

The market closed with sellers rate

Rame

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 onder this heading at a Pre-paid

Rate of $1.50 for THREE INSERTIONS.

If Charges collected, $2.00.

$580

$6.60

$1.85

$2,20

$39 $14

WANTED TO RUY

WE OFFER HIGH PRICES for of gold articles, any amount. diamonds, silver,.etc. No holidays. Apply China Building, 7th floor. Tel. 30727. Eurasia Gold Refining Co,"

We pay high prices for all Gold & Bilver articles, Diamonds, Jade and Gold dust: Apply China Gold Refining Co.. Pedder Building, 2nd floor, Room" 6.

HOTELS

RUSSIAN CUISINE

MORE POPULAR EVERY DAY

· METROPOLE HOTEL

FOR SALE

For Sale Fifty sets of Jubilee and Wanted to Buy 2nd Hand Type-Coronation Stamps 1st day Cover. writer in Good Condition: Please What offer? "Please apply to Box apply to Box No. 484 c/o The No. 465 c/o The HK.D.P.” HK.D.T

WANTED KNOWN

ORDERS TAKEN for hand-made sweaters, Ladies jumpers Bables' outfits. etc., at $5.00 each for workmanship..

Wool and model desired, to be supplied by customer.

Send particulars of address, etc.,. to Box 502. HKDP.

The "WE" have an outstand- Ing assortment of latest American dresses for all occasions and "price" to suit all purses. Call at "Vanity Shop" (Lazarus) Pedder Street.

Experienced Book-keeper Wants Students to form a class. Guaran- tee students to keep a whole set of books after completion of a course of 6 months. For Term and Far- ticulars. Please Apply to:-Box No. 462 / HXDP

Just Received

Fresh Supply

Best varieties of Reliable and tested

Flower & Vegetable

Seeds

From Button and Sons, Ltd. Reading in pictorial packets

GRACA & CO. Dealers in Garden Seeds, Postage Stamps, Picture Books &c. No, 10 Wyndham Street Established 1996. Hong Kon

TEA DANCES Tuesdays

Thursdays

Saturdays

Sundays

5 to 7.30 p.m.

ENGRAVERS

FEI FEI & CO. Photo Engravers 18, Cochrane Street. Telephone No. 22274.

AUCTIONEERS

GREATEST COLLI HON OF BARGAINS IN TOWN!

LAMMEETS MOTION RAGME

1:

Jimmy's

18