1940-10-10 — Page 9

HONGKONG DAILY PRESS

Finance and Commerce

NO GROUNDS EXIST FOR ANTICIPATING FOOD

SHORTAGE IN EUROPE

"Singapore Traders Modest"

easy access,

FINANCE & GENERAL

CHURCHILL'S REVIEW

Continued From Page 4.

moveable roperty. Including French cruisers and three [household effects. But,

"Thus," said Mr. Churchill, twe shall be able to prove to. all that. Hitler's net of man terror against the British na- "Hon Es falled as conspicuous“

is as his magnetle' mine and, other attemps to strangle our seaborns trade."

des

troyers, who carried with them, a. number of Vichy partisans, “evi- dently of a most bitter (type

The

VICHY PARTISANS

partisans were sent to. uver-uwe the population and to guard the defences, De

The polley which His Majesty's "We traders indeed are modest,

Government had been pursung INVASION DANGER LONDON, Oct. 9 (British Wireless) Pre-occupation with the We seek no cloud-capped towers"

towards the Vichy French war- Referring to the promised in-snips was not to Interfere with Immediate developments "of the "battle for Britain" has diverted or gorgeous palaces' in which to attention from the subject of possible food shortage during the do our business with Government. Vasion, the Prime Minister de- them unless they appeared to be coming winter, in the German occupied territories in Europe which "A we desire is a plain, subclared. "Do not let us be lured, proceeding to an enemy-controlled. roomy building with into supposing that the danger port. By a series of accidents and was commanding. increasing interest until fierce air attacks on Bri- stantial. tain began.

and large public is past. On the contrary, un-some errors, which had been made A timely reminder is given by halls, in which our needs can be wearying vigilance and swift and the subject of disciplinary action, the conclusions of an official in-swiftly dealt with," declared the steady strengthening of our forces neither the First Sea Lord ner by land. sea and air, which is the Inner Cabinet were informert quiry by the United States De Hon. Mr. J. 1. Dawson, chairman

of the Singapore Chamber of progressing. must be maintained of the approach of these ships to partment of Commerce that no

the straits of Gibraltar until too Commerce, when strongly criticis at all cost. grounds exist for anticipating

The enemy ass certainly got late tu stop them. such shortage, unless articiallying the "really disgraceful in-

Urders were given to stop them created by the Germans them- adequacy of the accommodation plans to throw 600,000 men na

provided for the public using the single night on to the salt waters at Casablanca or if that failed, to selves.

The DAILY TELEGRAPH says Export and Import and Exchange

Mr. Churchill declared that theThese efforts failed but the Vichy "If some of the territories are re: Control Departments, at the half- duced. to point of semi-starvation yearly general meeting of the main reason why invasion had not craisers were, however, prevented says the Malaya Tbeen attempted up to the present from carrying out their further that will result not of insufficiency Chamber,

the succession of brillant purposes of attacking Duala. of available stocks but of the dell-bune.

victories gained by British fighter

TWO STOPPEL berate mal-distribution of them

U.S. Defence Appropriation Bill Passed

WASHINGTON, Oct. 9 (Reuter) -President Roosevelt has signed ,the $1,500.000,000- Defence Ap- propriation Bil which provides funds for 1.400,000 conscripts due by the Germans with whom, ac-

HOURS ON END

-or into it" (Laughter),

WHE

"I have no doubt that each one aircraft. The three great days of and August 15, September 15,

THURSDAY

OCTOBER 10, 1940. -PAGE

PABST

BLUE RIBBON BEER

prevent them entering Dakat. Around the world, it's Pabst Blue Ribbon

to be called up between now and cordingly, the sole responsibility of you has experienced the delays September 27 had proved to altcerned, two succeeded in regain-

July 1, 1941.

The appropriation raises the total cash and contractual au. thority voted by Congress for the current fiscal year to slightly over

$12,000,000,000....

must be deemed to lie.

END TO PROPOSALS "This official statement of the United States Government's view should put an end to the pro- posats mooted in some American

or

quarters for the distribution "additional supplies.

---"Indeed, Mr. Hoover himself, who

and difficulties caused by the disappearance of your employees and your documents for hours end, and has seen the line of un

clerks and fortunate tambles, traders stretching at times into the street......struggling to reach the counters."

PURCHASE TAX had been the chief sponsor of crament cannot, even in

these

Was Я

4.

Of the four French vesseis con-

while the other two the world that over our own Island ing Dakar

were overtaken by British cruisers we had mastery of the air,

This, declared Mr. Church||} and were induced and persuaded tremendous fact. These to return to Casablanca, withont victories of the Air Force enabled any actual violence.

The fight which ensued between the Navy, which was now receiv... ing very great reinforcements the British ships and shore bat- There is no reason why Gov-apart altogether front the Amer! Teries at Dakar, reinforced wit can-destroyers; now coming rapidly the 16-inch guns of the damaged Two such proposals now agrees that, days, give us a roomy building into service, to assert its sure and Richellen, was pretty stiff.

well-tried power.

Vichy submarines, which attacked LONDON, Oct. 9 (Reuter)-TheIn any case, no steps should be within a very short time." stated

the Fleet, were sunk. The crew of Purchase Tax comes into effect in taken in this direction, which Mr. Dawson. He added that a

one happily were saved. suitable might injure British cause

site could be found in Britain on Monday next week.

Robinson Road, where an adequate. building could be constructed of "brick and good timber, if con- crete is too dear." which · `would have a life of, at least 30 years.

"I urge Government on your behalf to tackle this grievance Blooming! resolutely and swiftly.".

轎

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE,

TA

SHAKYBROKERS' ASSOCIATION

$1305 H.K. Banks

P10

PILOT SITUATION

In the air, both" in fighters · and in bombers, we were at

this moment, after all these months of battle, substantially stronger actually and relative-

ly than we were in May. The pilot situation was rapidly improving.

No-one, Mr. Churchill went on. ever pretended that we could overtake Germany's immense lead

TIENTSIN FUR in the first year or so of war.

TRADE

APPEAL TO U.S. STATE DEPT

Buyer

Bellera

Bolet

Tomine!

"

WEDNESDAY 9 OCT. Banka

Buyer

Saliven

$1305

£74

Do. (Col Reg.) ...........

£74.

264

Dn. Lon. Rag.)

£64

£7

Chartered Banki .....

2281

2101

$72)

50 ct.

$190

$405 31

10+

$150

$120.

$100

$100 38/3

$8.00

$91

$4.06

14.10

$101

$18

and retal American trades,

8271

14/0

$90

$164 $161

$30

$30

18

Shipping

$7.10 Humphreys

1

$396

$190.

$3,10

20 Mercantile Bks. "A". Mercantile Bks. "C".

$72

Bank of East Asia...... N. C. & 8. Banks....... Insurances

Canton Insurance....

Union Intarabces..... Underwriters

$130 | A.K~Firozado

$120 Douglases

$11

Steamboats

$100 Todo-Chinas (Pret.)...

$80 Indo-Chines (Def.)

36/3

Shells

$8.90 Waterboats

Docks, Wharves, Godowns, etc.

H.K. & K. Wharves...

$4.30 Providents ........... II.K: Docks (Old)......

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

#20 +Shanghai Docks....

"Mining

14/0

Kailang

891 Rauba

1 cts, Hong Kong Mines.......

Lands, Hotels and Buildings

H.K. & & Hotels.......... H.K. Lands.........

1100 Do. 4% Debentures.. $10

Shanghai Landa.........

83.18 1.K. Realtics

#101 Chinese Estates...

$39

Cotton Mills

Evo (8.)

$181 S'hai Cottons (8.)...)

Zoong Siage (8.).......

Wing On Textiles (8.)

Public Utilities

H.K. Tramways.................. 87.40 Peak Trams (old)..... $2.70 Peak Trams (now)....

Star Ferries...

Y'mati Ferries..

$8.90 Chins Lights (0)...... China Lights (New)- H.H. Electrics Old B.K. Electrics New).. Macao Electrics (Old)) Macan Electrics (New)

$1 Bandakan Light........

Telephones (old).

Telephones (new)........ S'pore Tractions (Ord.) Industrials

$14.50 Cald., Macg." (Ord.) 8.

$LE

Cald, Macg. Pref.)8.

Canton Ices.

Cemente

HK. Ropes

HK. Gori. Loans

4% Loan:

$96 31%

#95 31%

(1940).... Miscellaneous

018 Dairy Farms.......

Entertainments

(1.50 | Constructions (old).

31 Constructions (new)...

Nanyang Tobacco.....

$15 Bincere

881

35% Ch. 0.5% 1025G$Bda

$291

$15.00 $15

2591 $23

$36

*$38

$23

10

#151

$6.80

*#6,00

$99

$6.60

87.45 Lane Crawfords

$39.

IK. Wing On

Bhai Wing On

8/9

Vibro-Filmg....

Marsmans Inv." (Lona)

2/9 Muramans Int. (H.K)

Wat Pomalla le

+Bala to Shanghai,

H

#

:...

"We have a long lapse to make up. We must give ourselves a chance. Perhaps it will be possi ble to make a more satisfactory statement of this subject this time next year,"

Referring to reinforcement of

TIENTSIN, Oct. 9 (Reuter). the British armies in the Middle The US. Chamber of Commerce East and elsewhere, Mr. Churchill in Tientsin, cabled for the in-said that he would make no pro- formation and consideration of phecies about what would happen British, Australian. New the state department a similar when

Indian and Egyptian telegram to that of local Ameri. Zealand, can fur exporters,・・ expressed

to close grips with Introops came very arm terms, and seeking the the invaders who were now mak safeguarding of the long estab-ing their way across the desert

lished business in China..

towards them.

"All I will say is that we are The present position affects the tanning and dyeing industries, doing our best and there, as here. and the manufacture of wholesale we feel, a good deal better than

we did sometime ago.”

DAKAR INCIDENT Reterring to the Dakar episode,

The message deals with the pro- cedure concerning waterfrontar- rivals and the limitation on tra- Mr. Churchill said that, this opera- vellers' funds and also refers trition was primarily French and freight rates.

33.10

#304

$100

$3.15 the

$71

i

#

$37

190

$125

1

19

$4

$591

$5.80

$6.40 $38 $25)

#U

$22 $10

LONDON STOCK

"EXCHANGE

Two French destroyers were set on fire, one of the cruisers was badly hit, and the Richelieu her...» self suffered further damage.

Pabst

2

BEER

From the Riviera to Singapore - w from Buenos Aires to Bombay . „. În the smartest clubs, restaurants and bars as well as in the "Bing homes you'll find this world-favourite

of bears)

Because Pabst Blue Ribbon is in a class by itself. The lighter, zestier beer for keener · refreshment. Nothing heavy or syrupy to slow- up its delightfully invigurating action..

And wherever you order Pabst, you'll find it always the same. Pure, Delicious. Wholesome. For in every tangy, thirst- queriching drop, we give you Guarded Good- ness from Grain to Glass... your absolute guarantee of the highest quality that Nature, 95-Year Skill and Modern Scientifè Control can produce.

DODWELL & CO., LTD.

Queen's Building

Tel. 20636

On our part, a, battleship and at the etrcumstances His Majesty's tomed to react to threats of vio- large cruiser suffered damage Government propused to allow the tence by submission, and certainly which. though it had not pre- agreement about the closing of the reception of these strangely vented them steaming and fight the Burma Road to run its course ill-balanced declarations in the ing, would require considerable to October 17, but they did not United States had not been at all attention when convenient,

see their way to renew it after encouraging to those who were ita that.. (Cheats),

authors,

BURMA ROAD

Referring to the Burma Road. Mr. Churchill said three, months ago we were asked to close this road and we acceded because we wished to give aN opportunity to the Govern-` ments of Japan and China to reach a just and equitable

`SECRET CLAUSES?

*SE POSITION OF SPAIN Mr. Churchill declared that the Mr. Churchill concluded with Three-Power Pact, into which reference to Spain. There was, Japan had just entered, appeared he said, no country in Europe so unfavourable to Japan that he which had more need of peace, wondered whether there were not of food, and prospectors of trade some secret clauses. It was not than Spain. easy to see in what way Germany All Britain sought was that ettlement of their long and

and Italy could come to the aid spain should not become a chan- deadly quarrel, Unhappily

of Japall

nel of supply to one mortal fos this had not been renesed.

The Three-Power Pact was 'Alti-

Britain looked forward to see On the contrary, the protracted struggle of Japan to subingate ed directly at the United States Spain take her rightful place hoth the Chinese race was still pro- and also, in a secondary degree. as a Mediterranean Power and a ceeding with all its attendant it was pointed against Russia leading and famous member of Welther of the branches of the the family of Europe and Chris-? the opportunity had been lost, but English-speaking race was accus-tendom.

miseries. We much regretted that

PRE-PAID ADVERTISEMENTS.

The following classes of advertisements are charged at the price given beloso i 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-pald Rate of $1.50 for THREE INSERTIONS. If Charges collected, $2.00.

though they were ready to give it the measure of support "which might in certain circumstances have been decisive, they were to more anxious than General de LONDON, Oct. 9 (Reuter)-In Gaulle to get Involved in a long Stock Exchange yesterday und sanguinary conflict with the Industrials, especially the heavy Vichy French. kinds, claimed, main" attention and

paying tribute to the prices made further headway, judgment of General de Gaulle

WE OFFER HIGH PRICES for Coppers and the varions and Mr. Churchill said the Govern miscellaneous Minings improvedent had no intention whatever any amount of gold articles, and Rails were firm in anticipat abandoning General de Gaulle's diamonda, silver, etc. No holidays. tion of an early announcement of cause until it was merged, as Apply China Building, 7th floor. fair increases otherwise the Mar-merged it would be, in the larger Tel. 30727. Eurasia Gold Redning:

|ket was gend,ally quietly steady.

Wall Street was easy,

H.K. STOCK EXCHANGE

Wednesday, Oct. 9.

The uncertainty of the market is not preventing absorbtion at new low levels with good inquiries for Hotels Providents, Landa, Ropes and Electrics at the close of the morning's short sesslun,

BUYERS

Providents, $4.10.

50 cta.

$154

Hotels, $3.10.

$5.61

Lands," $30,

100% $95

318 $8.60 $1.85

$2.20

$8.40 $8,60

•2014

Electrics (Old), $35.80. Electrics (New), $35.70. Ropes, $5.50,'.

Entertainments, $0.60.

BELLERS

Wharves, $91. Docks (Old), $164. Docks (New), $18.25. Trams, $15.60.00. Star Ferries, $59.50, Yaumati Ferries, $22.75. Telephones (Qld), $29) Cements, 315.75;

- SALES Wharves, $90

Lands. $30.25.

Electrics (Old), 136

Cements,: $15,⠀

Ropes, $6.60.

After

[hense of franz”.

The whole altuation at Dakar, | said Mr. Churchill, was transform- ed in the most unfavourable man ner by the arrival there of three

HONGKONG

Co.

WANTED TO BUZ

We pay high prices for all Gold

Silver articles, Diamonds, Jade and Gold dust. Apply China Gold Refining Co., Pedder Building, 2nd floor, Room 18.

HOTELS

RUSSIAN CUISINE

MORE POPULAR EVERY DAY

METROPOLE HOTEL

FOR SALE

For Sale Futy sets of Jubilee and Wanted to Buy 2nd Hand Type Coronation Stamps 1st day Cover. SHAREBROKERS: writer In Good Condition. Please What offer? Please apply to Boz

apply to Box No. 484 c/o The No. 465 c/o The HKD.P. ASSOCIATION HEDI

Volume of Bualnem «Transacted on Wednesday, Oct. 2, 1940, SALES

Cements

500 200 H.K. Electrics: (0.) HK Tramways) 200

$15.00 36.00 15.30

900

The total value is $17,760.00. -H.K. Goyt, Loans 4%, $3,000 at 984 per cent.

FOOD CONTROL OFFICIALS

marate fitored

CHUNGKING, Oct 9 (Central)

WANTED ENOWN

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.

Bend particulars of address, etc.; to Box 502, HKDP,

That "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.

Upon the recommendation of Generalissimo Chiang Kai-shek, Experienced Book-keeper Wants the Executive Yuan meeting yes-students to form a class, Charan- terday appointed Mr Tam Chi- tee students to keep a whole set of shou and Mr Shen-11 Director books after completion of course and Vice-Director of the Kwang

months. For Term and Par tung Food Control Burean respecticulars tively.

Please Apply to:-Box No. 462-c/o HKDP.

Just Received

Fresh Supply

Best varieties of Reliable and tested

Flower & Vegetable Seeds

From Sutton and Sons, Ltd. Reading in pictorial packets.

GRACA & CO. Dealers in

ers in Garden Beeds, Fostage Stamps Pleture Books &c. No. 10 Wyndham Street Established 1890.

"Hongkon

TEA DANCES“

Thursdays

Saturdays

Bundays

5 to 7:38 pim.”

ENGRAVERS

FEI FEI & CO. Photo Engravers

18. Cochrane Street

Telephone No. 22224,

GROVEEST CGALLO HON OF BARGAINS IN TOWN;

JAMMERE'S ARE DON

Jimmy's