1940-10-15 — Page 10

PAGE 10-HONGKONG DAILY PRESS

GERMANY'S WAR PRIZE: "ALSACE & LORRAINE TAKEN. WITHOUT NEGOTIATIONS

VICHY, SEPT. 23 ALSACE-LORRAINE, FOR 10 CENTURIES DISPUTED BY FRANCE AND GERMANY IS EXPECTED TO BE THE PRIZE OF ADOLF HITLER'S VICTORY OVER FRANCE IN THE 25-DAY BLITZKRIEG which planted the German armies on the Atlantic coast, writes Ralph Heinzen, in the Manila Bulletin.

~Hitter, ̈ ̄ ̄ thus far, has refused tó mame his peace terms. French efforts to ascertain the conditions of definita peace have been un- successful and every French effort to open peace negotiations has been snubbed by Berlin and "Wiesbaden.

WITHOUT NEGOTIATION, the satisfactory relations between HOWEVER, HITLER HAS COM-conqueror and conquered may in- PLETELY GERMANIZED BOTH fluence the terms "when they are ALSACE AND LORRAINE and formulated there are many indications that in

historical

The main point to be settled is

FINANCE & GENERAL

Finance and Commerce

MONEY AND EXCHANGE

CLOSING QUOTATIONS OCTOBER 14. 1940.

On London:--

Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand 1/2 7/8 Credits 4 months' sight 1/3.1/9 On Shanghai:-- On demand

conformity with his policy of whether Hitler and Benito Mus-On Singapore:- reestablishing Greater Germany solin, are willing to recognize On demand inside Its

frontiers, France as an authoritarian regime, On Japan:- Hitler will claim the Rhine left and to admit France among the

On demand bank provinces as part of Ger. "Fuehrer-stanten." ΟΙ directing On India:- many's lost patrimony.

states, or whether France is to be Unlike the rest of occupied punished for the sins of its past; France, where local administra.democracy. tlon 's left in the hands of French functionaries, the German army

DOUBT, FRENCH SINCERITY Thus far the German and Italian and civil authorities have occupied press have been skeptical cf Alsace and that part of Lorraine France's "revolution." and appear which before 1918 was German. to" doubt the sincerity of the As the German army swept into change of regime. these two provinces, the whole physical aspect of Alsace-Lorraine changed.

SIGNS GERMANIZED French milestones and signposts were uprooted and German markers substituted.. French signs were Germanized overnight. Mark- ings on town halls, schools, chur ches and other public buildings were changed from French to German French teachers, police. municipal clerks and other func- tionaries were escorted

the

to

frontier, and Germans took their . places. Both provinces are com- pletely German in administration,

individuals, indus

businessmen have had their bank accounts blocked and their businesses "and stocks seized

and French trialists and

Seals have been placed on the vaults of French banks in Alsace and Lorraine and all French in- | dustrial and commercial activity interrupted, German

has

been

arms have moved in and opened branches and the whole of the trade of the two provinces is. In German hands today.

com-

་

Telegraphic. Transfer.

380

52 3/4

100

and demand ....... #J82 1/2

Op New York:—

Bank Bills, on demand 23 5/8 Credits, 60 days sight 23 1/2 on Batavia:---

On demand

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE,

1:

$300

F

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

Chartered Banks

Marcantile Bka "A":

$187 Canton Insurances.....

$1

Shipping

$130H.K. Fires......

$130 DouglaseS

Steamboats

Indo-Chinos (Prof.)

Indo-Chinas (Def.)

Shells

Waterbonta

11

9100

$80

36/3

90

::

15, 1940.

TUESDAY, OCTOBER

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Issued & Fully Paid-Up 890,000,000 Incorporated by Royal Charter, 185

H.K. Currency Reserve $10,000,000

$50,000,000

INDIA, AUSTRALIA AND CHINA

Hon. Mr. T. E. Pearce,

HEAD OFFICE: LONDON:

38, Bishopsgate E.C.2. Sub-Arenales In London: 117/12, Leadenhall Street, E.Ga West End Branch: 14/16, Cockspur Street, S. W 1 Manchester 'Branch: 39, Mosley Street, Manchester,

AGENCIES AND BRANCHES. ALUR STAR

HARBIN

PINANG AMRITSAR. BANGKOK

BATAVIA

HONG KONG RANGOON

ПРОЯ

ILOIL

SAIGON

BERIMBAT

• SHANGHAI

SINGAPORE

BITIAWAN BOURALATA

Kareru ↑ deller

_ _Salon_ | Nomlun]{

# SHAREBROKERS" ASSOCIATION MONDAY

Super Bellers.

Authorised Capital.

14 OCT.

Reserve Funds:

Banks

Sterling

6,500,000

$1300 HK. Bankų

$1250

£70

£70

Reserve Liability of

Paid-Up Capital Reserve Liability of Pro- Reserve Fund

£3,000,000 $8,000,000

£57

prietors

Proprietors...

.$90,000,000

....£3,000,000* ·

298

£10

$79

Mercantile Rk. "C"} Bank of East Asia......)

£101

Head Office:-HONG KONG.

$721

N. C. S. Banka...... Insurances

Board of Directors: H. V. Wilkinson, Esq.,

$190

Union Insurances....... $390 Linderwriters .......

$387

$150

$120

Chairman. Hua. Mr. J. J. Paterson,

Deputy Chairman. J. K. Bousfeld, Esq., A. H. Compton, Esq., Hon. Mr. S. H. Dodwell,

G. Miskin, Esq.,

.8100

E. S. Morrison, Esq.,

8100

38/3

86.80

O. C. Roberts, Esq.,

Docks, Wharves,

49·1/4

Godowns, etc.

Hon. Mr. A. L. Shields, Sir Vandeleur M. Grayburn,

BOMBAY CALCUTTA

KARACHI

ALANG

AGENCIES: KOBE

CLIVE STARST

On Faris

L.K.K..Wharves,

887

$80 $88:

KUALA

Bank Bills, on demand Nom. Credits 4 months' sight Nom.

$4.10

Providents

$4.10

| CANTON

LUREFUR

#161 $16

$16

$15

8271

Amoy

88 1/2

Bangkok

Kobe

Batavia

Kowloon

14/0

On demand.

45 1/4

38

Bombay

Kuala

Branches: Jobore Rangoon

Saigon San

Francisco

CAWNPORI

GAME 17

KUCHING MADRAS

COLOMBO

MANILA

BELEI

KIBAJ

TRENGTAU

HAIRHONO

NEW YORK

TOKOHAM

Calcutta

Lumpur Shanghai

HAMBURG BANKOW

FRIPING

Canton

London

9.

149 1/2

Singapore

Chefoo

Lyons

Sourabaya

Colombo

Malacca

Sungai

Nom,

$3.10

H.K. & 8. Rotal $3.10]

+4

Dairen

Manila

Patani

23.7/16

#30

$301

H.K: Lande............................

Foochow

Muar

Swatow

$100

Do. 4% Debentures.....

3100

$10

Shanghai- Lande...

Renkow Mukden

Tokyo

$3.15

U.E. Realties.

$3,16

Harbin

New York

Tsingtao

Iloilo

Feiping

Yokohama

$103

Ipoh

Penang

$35

$354

CURRENT ACCOUNTI

$190

8125

$15.30

戮

94

On demand On Manila:-"

Eventually, Hitler will be faced with choosing * solution from On Balgon:- two alternatives-either France is to be made militarily and econo- mically incapable of action and dependent upon Italy and Geron Bangkok:- On demand many, or the past is to be forgot- ten and tustead of being punished On Sterling Notes:-- and deprived of her empire. France may be invited to play a fair role Bar Silver per oz.

Bank Buying Rate in the new European union with normal economic relations with its conquerors.

Between those two

burden of the war debts of Ger. there is a third solution: that the

FROM ROZA BROS. France in reprisal for the 1918 many and Italy be saddled on

Monday, Oct. 14. Silver prices

were unchanged burden borne by Germany alone

over the week-end, the quotations and that until France pays, the remaining at 23.7/16 for Ready German armies will camp at the

and 23.5/16 for Forward. Ameri- cost of the French taxpayers.

can Silver was unquoted.

extremes, Market Report

Development Of Yunnan

OVERSEAS CAPITAL

SOUGHT

-

The London/New York cross- rate was quoted" at 402.1/2. New York/London was quoted at 403.

1/2

MARKET

Quiet

STERLING

No business was reported. There KUNMING, Oct. 14 (Central) were seller at 1/231/32 up to Concrete measures, have been de- December, buyers at 1/3 for зау vised by the Yunnan provincial delivery... authorities to invite Chinese Investments for the de- velopment of the province.

Alsace-Lorrairie together prise a wedge 125 miles long ex- tending along the west bank of the Rhine westward to the Moselle, and from the Palatinate in the north to Switzerland in the south. If France Inses Alsace, it loses again natural defenses of the east. "the Rhine and the Vosges, and in

addition loses virtually all of the ment; "artlacial defenses, the Maginot the

Iine.

overseas

U. S DOLLARS

Opened with sellers at 22.7/8. Three Teglons have been parti-

buyers bidding 23. A small inf- cularly marked off for develop-closed at lunch time, with sellers at

ness was done at 23. The marke

the Szemao-Puerti

22.15/16 buyers Tsangyrian-Shunning

Cash.

and the

carea.

area,

area

Tengehung - Lungling

*

at 23:1/18 for

J

SHANGHAI DOLLARS

A plantation and an industrial Business was done at 391. The company will be established in market cloesd at lunch time with each area. The company will be sellers at 391, buyers at 392.1/2 capitalised at between $10,000,000 for Cash. and $50,000,000, half of which will be government shares and half commerctal shares.:

.

INCLUDE GREAT CITIES In Alsace are the great cathedral cities of Strasbourg and the Colmar." the powerful fortified centers ot Wissembourg and Haguenau, key points of the Maginot Line; great textile, phos-, phate and steel industries are at Mulhouse. Altkirch and Colmar.

It is planned that salt, cotton, steadler at 3.27/32 for Spot. U.S. Some of the finest wines and tea, camphor and medicine will be Dollars opened with sellers at cheese of Europe come from the produced in

countryside at

the Szemao-Puerh 5.13/16 and closed with sellers at Munster, Pibeauville, Guebwiller and St. area, lead and suver in the Tsang 5.7/8 for Spot.

rich

Odile.

Lorraine, or that part of which Germany always has claim- ed, is heavily industrialized. It includes Metz and Thionville on the Moselle river. as well as Tor- bach and Saarguemines, at the edge of the Saar industrial basin, Metz was the old capital of the duchy, and it was there in 1871 that Marshal Achille Bazaine capitulated to the Germans after

TECHNICAL GUIDANCE

yuan-Shunning area and silver, lead, tin, copper and iron in the Tengchung-Lunging area.

Technical guidance will -be offered by the Overseas Affairs Commission.

.די

H.K. STOCK EXCHANGE

SHANGHAI MARKET Sterling opened with" sellers at 3.13/16 and closed shade

A

AFTERNOON MARKET

Quiet,

STERLING--

No business was reported. The market closed with sellers at 1/2. 31/32 up to December, buyers -at 1/3 for any delivery,

U. Š. DOLLARS ·

The marker closed with seller

The market had a turn for the at 22.7/8 for near, buyers at 24 a brief siege which brought the better with buyers improving their tor Cash. Franco Prussian War to an end. bids resulting in business at ad...

It is likely that even If Hitler yanced prices in utilities Indus- does claim Alsace and eastern trials and Providents.

Lorraine as German territory, he

BUYERS will not encroach further sa

Providents. $4.25. French soil, and will grant Fran-

Hotels. $3.10. ce's claim to the territory of Bel-

Lands, $30.25. fort, and to the great French tron

'Realties, $3.15. basin of Bricy, which lles just

Trams, $15.25. across the Moselle from Metz and Lights (0), $8.40. is the richest deposit of iron ore

Telephones (O). $22.50. on the continent, and. has long

Cements, $15.30. 'provided the steel plants

Ropes, $5.50. of Belgium, Luxemburg, the Star and France.

LUXEMBURG MAY DISAPPEAR

Many observers here believe that the grand duchy of Luxemburg may disappear in Hitler's remap- ping of Europe. This little buffer state has been overrun in every war in western Europe for cen- turies.

are

SELLERS

Wharves, $89.50. Star Ferries, $59,50. Telephones (N); 39:50. Vibro Piling, $8,

SALES HK Bank, $1205. Providents, $4.35/45. Lands, $30.25.

Electrics (O); $36,10. Cements, $15.20/30/40,

FAMINE REPORT

DENIED ADEN, Oct. 14 (Reuter) An! authoritative denial

Was given

The conversations; which proceeding in Paris and in Wies- baden generally concerned

are with the application of the armis- tice convention, but in diplomatic circles there is an impression that in this exchange of views between nere yesterday to the semi-ocial French and German delegates, the Vichy statement on Oct. 8 that the foundation of the future peace is Trench garrison at Jibuti was being lald. Thus far there has been facing famine as the result of no question of peace conditions, the British seizure of French, food but diplomatic circles believe that supplied from Madagascar.

'SHANGHAI DOLLARS

Business was done this after- noon at 3933/2. The market closed with probable sellers at 394.

SHANGHAI MARKET

The last rate received quoted sellers of Sterling at 3.51/84 (for Brot and US Dollars at 5.25/32 for Spot.

:: !!

#15 $15.30

H.K. Docks (Old)...

H.K. Docks (New)....

29+Shangbai Docks...-

Kalina

Raube

Mining

cta Hong Kong Mines.....

Lands. Hotels and Buildings

24/0

$92

$7.10

Humphreys...

Chinese Estatos..

Cotton Mills

Ewo (8.)

$181 S'hai Cottons (S.).

Zong Bings (8.).....

*V - | Wing On Textiles (S.

Public Utilities H.K. Tramwaya................... $7.40 Peak Trams (old). $3.70 Peak Trams (new).

Star Ferries! Y'mati Ferries...

$690 Chine Lights (0)

$8.60

18.30

$36

$361

China Lights (Naw)...! 88,10 230 1. K, Electrica.(Old).....) $25 H. K. Electrics New).... $17Magio Electrics (Old) 816 $11

Macno Electries (New) Sandakan Lights........ Telophones (old)........ Telephones (new).......! S'pore Tractions (Ord.) Industrials

$2%

11

48

}:

j

H.K. Roger

$92}

Chief Manager. FalkLIK PLACE

Haiphong (Johore) Tientsin

1:

(Peking)

TAIPING

TIENTSIN

TONGKAR

(Bhuket)

FOREIGN EXCHANGE and General". Banking Business transacted.

CURRENT ACCourts opened and FIXED DEPOSITS received for: One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.

SAVINGS ACCOUNT also opened in Local Currency and Sterling with

opened in interest allowed at rates obtainabla

LOCAL CURBENOT and FIXED DEPETT OD application.

on

quoted on application.

received for one year or shorter The Bank's Head Office in Londoa periods in Local and other Cur-undertakes Executor and Trustes rencies terms which will be business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Eranobes.

R. A. CAMIDGE,

Manager.

Also up to date AFE DEPOSIT Buses in various sizes To LET Hong Kong. 28th February, 1940.

HONGKONG SAVINGS

BANK

The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR- PORATION. Rules may be obtain:] ed on application.

For the HadoNG & SHANGHAI "BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong. 25th Feb., 1939.

$1

$14.90) Cald, Macg. (Ord.).& $12

Cald., Macg. (Pref. 8.) Canton Ices...

50 ots.

$15

Coments

$15

$16

Bhi

HE GOTL Loans.

$39

14% Loan

305 31%

(1934)7

95

895 31%

'THE CHASE BANK

$18 Dairy Farms....

318

$6.60 Entertainments

$1.ED Constructions (old)...

86.80 81,85

15, QUEEN'S ROAD, CENTRAI

HEAD OFFICE;"

-1- Construction

(new)...

3745 Lane Crawfords...

HONGKONG

$81

(1940) Miscellaneous

Nanyang Tabacco......

$2.15 3inceres

Watsons

35. Ch. G.5% 1925GSBds.

$38.K. Wing On

S'hal Wing On

Vibro Piling

7/6Maramans Inv. (Lon.}

2/9 Margus-Ing. (R.K.)

Wm. Fowetia

+Sale to Shanghat,

$1

SHAREBROKERS

ASSOCIATION

Volume of Business Transacted

on Monday, Oct. 14, 1940. K. Lands

SALES

$2.20

$8.50

15%

$39

$14

Cements

500

15.20

500

15.20

500

15.40

- 500

15.50

EX. Electrics (0)

100

30.10

100

36.10

100

30.25

60

30.50

H.K. Banks

5 $1,205.00 - 30 -1.205.00 China Providents 500 1.30

H.K. TramwRYS R.K. Wharves

500

15.40

#50

38.00

500

4.35

5,185

250

4,40

*Sale on Saturday, the 12th inst.

China Lights (0) 1,000

6.65

The total value is $109,770.00.

18; PINE STrest,

"NEW. YORK" An American Bank offering com plete Foraigo Banking Service in the principal Markets of the world.

Interest Rates on Application!

SAFE DEPOSIT BOXES

BANK OF EAST ASIA, LIMITED

Paid-Up Capital 5,588,000.00 Authorised Capital......$10,000,000.00 Reserve and Undivided

Profits

M...................2, 953, 261.60

Read Office:-HONG KONG No. 10 Des Voeux Road, Central. Board of Directors: SIR SHOPSON CHоw, Chairman' Li Koon Chan, Exq. Li La Bang, Esq. P. K, Kwok. Esq. Wong Chu Son, Esq. Weng Yun Tong, Bag. Kan Ying Po, ag. Chan Ching Shok, Esq. Fung Ping Wah Bag KAN TONG Po, Esq., Chief Manager LI Tа FоNG, Esq., Manager

Amoy

Branches and Agencies:--

Batavia- Sombay

Kokos. Pour

Bingapore Hendon-Bangoon Bourabaya

Balgon Hwntow Malboa Ban Fran. Sydney Nagusia

afsoo Tintain

CORTEZ

Manka

Celestia

Haiphong

Haskow

Now York Beattis.

Homolala

Parla Faly

Bevarneg Shangtand

"

This Bank is entirely owned by | Cobu

TERCER NATIONAL BASK Naw. YORK, with: Rasonrena of graỆ 1.8.42,900,000,000... |

D. M. BIGGAE,

„Second Vice Press

Ajob?

WANT ADS

INDO-CHINA

L NAVIGATION COMPANY LTD.

STEAM

Shanghai Exchange Operating Ferrines for Carge and Pasmagers

Oficial_T.T, Rates Shanghai, Oct. 14 (Reuter)..

London New York

Japan 'India.

Hongkong

Sterling

SWATOW SHANGHAL TRINGTAU, CHEFOO

TO-

Opening 0/3-11/16

5-5/8

23-7/8 20-3/BN 24-1/2

Aellers.

Opening Closing

0/3-53/640/3-25/32

0/3-53/84 0/3-25/32 0/3-13/160/3-48/04:

0.8. Dollary

Spot Oct. Nov.

Spot

Oct

5-27/32

Nov.

5-13/16

5-3/4

Market: Uncertain.

$5-27/32 $5-25/32

5-25/32

and TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA

SANDAKAN

HAIPHONG

All steamers berth alongside the Roosevelt Terminal in the French Concession at Shanghai, where, passengers and cargo are landed.

farther particulars ÷plesse apply tous pur

JARDINE MAT TELERNONE ZOJI

ANAGER

Every description of Banking and Exchange business transacted. Loans granted on approved securities. Currency and Fixed Deposita re- Current Accounts opened in Local ceived for one year or shorter periods in Local and Foreign Car- rencies on terms' which will be quoted on application.

SAFE DEPOSIT BOXES TO LIT.

KAN TONG PO,

Chief Manager.

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE

BANKA LED PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER ÜZINA) Owing to our numerous Brazekbe in China and connections in the principal Commercial Centres of the World, we are able to extend to our. Clients special facilities for Domestic and Foreign Banking and Exchange.

Head Office: SHANGHAI

Hong Kong Branch:

** QUEEN'S ROAD,

Souch

China Offices: [Y

KONGMOON TOISHAN

KINGCHOW

CANTON SWATOW.

SHLUCHOW

We also handle the imue of Bonds and other Public Funds of the Chinase, Government both at Home and Abroad

SHOUJ CHEN,