1940-10-18 — Page 9

HONGKONG DAILY. PRESS

Finance and Commerce

BRITAIN BRINGING TRADE BANK OF FUKIEN TO FREE FRENCH COLONIES

LONDON, Oct. 17 (Reuter) Brazil, Argentine, Uruguay, Chile close and Mexico have established National Committees acting in co-operation with the Free French Forces, stated Mr. R. A. Butler, in reply to a question in the House of Commons yesterday.

ANGLO-ROMANO TRADE RUPTURE

More Britons Leave Bucharest

LONDON, Oct. 17 (Reuter)- The British Government had ceased to maintain normal trade relations with Rumania since it became apparent that Kumanka was coming increas- ingly under German domina- tion, stated Mr. R. A. Butler, Under-Secretary for Foreign Affairs, in reply to a question

the yesterday in Ilouse of Commons.

Mr. Butler added that Commit tees were also formed

ANNIVERSARY

BIG INCREASETM IN BUSINESS

FINANCE & GENERAL

U.S.-JAPAN RELATIONS: POSSIBILITY OF BLOCKADE WAR IN THE FAR EAST

NEW YORK, Oct. 9-Developments during the past fart- night have brought Japanese-United States relations to perhaps the most acute crisis in their history, the seriousness of 'which has been demonstrated by Washington's action in advising Unit- ed States citizens to leave Japanese-dominated areas of the Orient. writes Miles W. Vaughn, in the Manila Bulletin. Many Japanese fear virtually RUSSIA'S ROLE UNCERTAIN

economic severance of

Soviet Russia's role in the im- complete relations with the United States pending developments la still shortly, and also do not eschew mystery. Students ot Astatie

the possibility that the United affairs see Moscow confronted by 怨 long- two possible courses. The first

United States, Egypt, Canada, Aus- celebrated the fifth anniversary states might attempt

China

arrange A

virtual

FOOCHOW, Oct. 17 (Central) the The Provincial Bank of Fuklen

tralia, South Africa and Mauritius. of its founding at a ceremony on

range blockade of Japan. Man- would be to lend at least passive Representatives of General Tuesday with General Chen chukue and Japanese-dominated support against Japan-it is known that Berl for over a year has Charles de Gaulle were engaged in Chairman of the Fuklen Provin- setting up National Committees in clal Government, presiding.-

The Japanese asserted that if been attempting to According to Mr. Hsu Hsueh-yu, any such action is attempted. Russo-Japanese accord which pre- a number of other countries."

would include member of the Fukien Provincial Japan might retallate by blockad sumably The British Government

Government and concurrently reridering all assistance. #

ing Singapore and the Netherlands division of China between Russla Chairman of the Board of Direc-East Indies, and, perhaps the and Japan. The second would be tors of the Bank, the business of Philippines. They also assert that to continue her present policy of the Bank has increased by leaps any long-range blockade certainly non-involvement in the world and bounds since the start of the would be ineffective because of the conflict and continue financial, Sino-Japanese war,

following factors:

economic and military assistance to Chungking.

were

CAMEROONS COCOA British is bringing trade to the French colonies that have joined General Charles de Gaulle.

From the French" Cameroons, Approximately $50,000,000 were Britain is buying more than one remitted to China by overseas third of the cocoa crop. more Chinese through the Bank an- crop and nually for the last few years. The than half the coffee large quantities, of agricultural Bank is now encouraging sub- produce and timber.

scription to economy savings The condition of purchase is bends. Over $20.000.000 subscrip- that merchants selling these stocks

tions have so far been received A further 70 members of the must take equivalent purchases by the Bank while ordinary sav

Ings deposits amount to about British colony in Rumania are from the producers,

$3,000,000. for Istanbul Constanza

message today. states 2. Bucharest,

leaving

"

DEMANDS FOR OIL

from

CHAD COTTON

to

1. The United States Navy is not large enough to sever Japan's overseas trade,

2. The Japanese-controlled area in the Orient is self- sufficient in food and many raw materials. 3. Sach

the action by United States would" merely result in drawing both Japan and the United States into the world war-Japan siding with the Axis and the United State siding with Britain.-

Believers that Russia will throw her weight to the side of the Axis argue that Moscow is now virtually at the mergy of the Axis. They may that Japan is in a position to attack Russia immediately in Siberia " by seizing Vladivostok and the Pacific maritime provinces "while Germany conld strike at

Ukraine.

to

MANY BRANCHES Britain has also undertaken

The Bank has now ninety-one

Believers that Moscow will cling buy the whole, of the Cameroons'

bar non-involvement policy 1940-41 cocoa crop and will also branches, sub-offices and agents Colneiding with heavier Ger-buy the existing stocks of Chad in various parts of the country

The Japanese now appear to argue that both Japan and Ger- man demands for oil and despatch cutton and is arranging to buy the and abroad, including the Hong-

kong Branch and the Chungking believe that Germany and Italy many are too busy elsewhere and will have at least a partial victory,would prefer a nominally neutral for war materials in return, 85 next crop.

Certain necessary supplies are Branch,

case it would be to Russia-even if Moscow continues It is planned that sub-offices in which

Hussa passenger trains, many of which run un important main lines, were being imported with British_help.

will be set up in all important Japan's interest to cast her lot to support China-to

added to the list of Axis enemies. with the Axis powers. suspended from midnight. "last

towns in Fukien province,

NO INDICATION

night until the end of the month. MARKET REPORT

The official reason for this mea. sure is to make way for transport- ing supplies for internal needs which have been long delayed owing to military requisitions.

The staff of the German Naval Mission have arrived,

'H.K. STOCK EXCHANGE

The market ruled very quiet bat steady.

BUYERS

HK. Bank, $1215.

FILOM ROZA BROS.

Thursday, Oct. 17. The price for Ready Silver drop ped 1/18 yesterday to 23.7/18 but the Forward rate was unchanged at 23.3/8. Silver advices report- ed the market as being quiet with nothing doing American Silver was quoted at 34.3/4 for Spot,

The London/New York cross- rate was quoted at 1021/2 New 403. York/London was quoted at

3/4

Quiet

MARKET

STERLING

*

В

In any event there is no tangl-

FRIDAY, OCTOBER 18. 1940. —PAGE

SAY

Gordon's

.and know what you're drinking/

GORDONS

DRY GIN

DISTILLERY LONDON.

NO COLOURING MATTER

NO INJURIOUS INGREDIENTS

EUROPEAN PLEADS

UNFIT CONDITIONS

Sus-

"Working and living conditions were unfit for a European.. and I wished, to leave the Naval Base force before I was too old and useless to, obtain employment elsewhere," declared Arthur Darbyshire, a European police constable attached to the Naval Police Establishment, who described himself as being now pended. and who appeared on frial before Mr. J. G. Rappoport, the Singapore-Third-Magistrate, on two charges of neglecting his duty by failing to report for duty on Aug. 10, and Sept. 10, 1940, at the Naval Base.

11

HONGKONG SHARE QUOTATIONS ble indication that the United Dr. C. H. Withers-Payne prose- the agreement was null and void.

STOCK EXCHANGE,

Buyer Sellers

ed."

Darbyshire said that he tendered. States could depend on effective cuted. Darbyshire was undefend-

his resignation from his post as Soviet

if the United

In his defence, Darbyshire gald an Additional Police Constable of States is involved in war with that he signed an agreement to the S.S. Police, which he consider.

support

balon Nominal

Bajer Ballore

SHAR BROKERS' ASSOCIATION THURSDAY.

Salm Komina! Japan. 17 OCT

Banks

$1216

H.K. Banks

£70 £5*)

Do. (Col. Reg.)

$1225 £70

Do. (Lon. Reg.)

Eset

£T

Chartered Banka........

£7.

Britain's reopening of the Burma route should consider- ably stimulate Chinese morale, assuring her some soppiles. That the United States would £26 attempt to base any considerable

Force

He also admitted taking the

serve as a constable in the Naval ed the oply agreement binding. Police force, but as he was not twice, on Mar. 28, and on Apr. 7. sworn in under the Naval Police He informed the Captain of the Ordinance, the agreement Dockyard that working and living

conditions were was inapplicable.

European, and to ed

ünft for that he wish- leave the Naval

£10

$791

£20 Mercantile Eks. "A". £10 Mercantile Eks. “C”. 372

Hank of East Asia....

N. C. & B. Banks...... Insurances

elsewhere.

3

His resignation from the.. 65.

portion of her navy at Singapore Oaths of Allegiance and or Office in the near future à doubtful of a police officer before a magis- Base force before he was too old 0-et Singapore is too far from Hono trate in Singapore, and having and useless to obtain employment

lulu and thus might constitute a signed a month-to-month agree- dangerous salient if Soviet Russia ment to serve as an Additional

cepted on Aug. 1, after he had in- reaches an agreement with Japaz, Police Constable of the S.8. Police. police force was subsequently ac- THOUGHT AGREEMENT VOI thus freeing all of Japan's major

terviewed and written to the Off- forces for an offensive in southern Referring to an article under-cer-in-Charge of the Naval Base. Asia.

which he signed the seven-year police force, the Chief Police Off- The Soviet shadow is cast over agreement with the Admiralty.cer, the Inspector General of the whole Asiatic picture, and it Darbyshire sald that he had five Police, would

and the Superintendent.

seem certain that Berlin | days casual leave overdue, but as Naval Base.

*

and Tokyo are doing their utmost it was not granted in spite of The Magistrate postponed judg- to stati Boviet support.

several requests. he submitted that ment-(Malaya Tribune).

Union Ins., $380.

Providents, $4.40..

Lands, $30.25

Realties, 33.40.

Electrics (0), $38.75.

Electrics (N), $33.90.

Telephones (0), $23.10.

Telephones (N), $9.30.

Cements, 315.40.

Ropes, $5.80. Dairy Farms, $17. Watsons, 18.65. Entertainments. $8.40

SELLERS

HK Fire Ins., $150. Docks (0), $18:25 T7275 $18.

SALES.

Hotels, $9.30 Trams, $15.75.

Watsons. $8.75.

HONGKONG

SHAREBROKERS

ASSOCIATION

Volume of Business Transacted on Thursday, Oct. 17, 1940.

H.K. Banks

SALES

No business as reported. The market closed with sellers at 1/2. 31/32 October/December, buyers at 1/3 for Cash,

U. 8. DOLLARS The market closed with sellers at 22.15/16 for Cash, buyers bid- ding, z.1/15 resulting in a. small transaction at 23:1/16 for Cash. At 1 p.m. the market closed. a shade stendier with sellers at 23. 1/16 for Cash, buyers at 23.1/8.

SHANGHAI DOLLARS

The market opened with sellers business at 392 resulting in some

at 382.1/2 and 392.3/4. The market closed with sellers at 3941/2, buy- ers at 395.1/2.

8185

$380

Canton Insurances............. Chion Insurances.......~~

$185

-1380-

$380

31

$1

Underwriters

+1

150

$150

*****

$4.40

$181

$16

::

#1

i ::

Mining

1+/0

Kailaus

ter

H.K. Fires....................

Shipping

$120 Douglasen

"311

Steamcoala

$100 Indo-Chinus (Pref.)...}

Indo-Chinas (Def.)....

$80

35/7

Bholls......

$6.90 Waterboats

Docks, Wharves,

Godowns, etc.

$804 H.K. & K. Wharves...

Providents ....

H.K. Docks (Old).....

H.K. Docks (New).

#294 +8banghai Docks....

Radbe

1 cta. Hong Kong Mines....

$120

$100

$100

:܃

35/7

$8.90

801

$4.40 $41

3261

14/0

18

SHANGHAI MARKET Opened with sellers of Sterling at 3.51/04 and towards the close there were sellers at 3.25/32 for 8301 Spot. US Dollars sellers were quoted at the opening at 5.13/18, Subsequently the rate rose to 5.27! 32 and last advices indicated sellers for Spot at 5.13/16,

Lands, Hotels and

Buildings

$1.30

$32/30

H.K. & S. Totals 13 90 83.30 83.30

$30)

$30!

$100 a. 4% Debentures.

$100

#10

#3.16

$3.40

$74

$36 $190

AFTERNOON MARKET The market was quiet in the

5 $1,225.00 afternoon. No business was re- :

STERLING

15.85 The market closed with sellers

AS Watsons

500

8.75 ported,

HK. Hotels

500

3.30

H.K. Tramways

100

Yaumati Ferries

30

China Lights (0)

27

China Lights (N)

109

6.35

1,271 The total value is $15,276.00.

22.25 at 12.32/32 October/December, buy

6.75 ers at 1/3 for Cash.

EAT MORE GRAPES DECREED IN SPAIN

MADRID, Oct. 17 (Reuter) Hotels and restaurants in Spain are to serve. grapes as dessert for at least one meal daily,

U. 8. DOLLARS

Nothing doing. The market clos

ed with sellers at 23.1/16 for near, buyers at 23:1/8 for Cash.

SHANGHAI DOLLARS

:

..:

Bome business was done at 398. 1/2. The market closed with sellers $23.30 at 395, buyers at 398..

SHANGHAI MARKET Last advice indicated sellersTM of Sterling at 3.48/64 for Spot, and Us. Dollars at 5.13/16 for Spot.

A decres to this effect is issued American Exports To

by Senior Serrano Suner, Minister

or the Interior,

It is hoped, 'to dispose of some

of the production of Almeria grapes, the foreign trade of which

is at present paralysed.

one

They were formerly Spain's most valuable exports.

Japan Doubled

In August

WASHINGTON, Oct. 17 Reuter) -American exports to Јарап were more than doubled during the month of August, with the dollar value amounting to $25,188,-

Duty Free Tobacco 000 or $13 million more than in

LONDON, Oct, 17 (Reuter) Tobacco free" of United Kingdom duty can now be sent to members

August, 1939, according to figures Issued by the Department of Com- merce yesterday.

PRE-PAID ADVERTISEMENTS.

The following classes of advertisements are charged at the price given below :--- SITUATIONS VACANT. BOUSES 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, 82.00.

Shanghai Lands......

H.K. Raalties...

$7.10 Tumphreys $103

Chinese Estates..

Cotton Mill,

$38 Ewo (8.) --------

$181 8'bai Cottons. (8.)...

Zoong Bings (8.)....... Wing On Textiles (8.1.

Public Utilities

#18 H.K. Tramways....... 3156.

$7,40 Peak Trams (old)..........

83.70 Peak Troms (new)...

$594 Star Ferrim.....................

8221 'mati Ferries

801 China Lights (0)

重

Chins Lights (Now)...

$6.80

$6.30

H. K: Electric (Old)... $38.10

H, K. Hectica New)...$35.90}

Macao Electries (Old)

8301

$35 80

817

$16

Macio Electrics (New)|

$11

8231

#9,30

Bandakan Lights...............

Telephones (old)....... 893

Telephones (new)....

B'pore Tractions (Ord.)

Industrials

$14.90) Cald., Macg. (Ord.) F 012

Cald., Macg. (Pref.)

8)

Canton Ices..

$101

Cements.....

$6.80

$0

50 eta,}

8151

857

$90

H.K. Ropes...

HE, Govt. Louis

989 4% Loan

800 81% " (1934)

800 31%

ન

(1940)..

Miscellaneous

Dairy Farms......................

66.60 Entertainments

$1.60 Constructions (old)..

Constructions (now)...

$7.45 Lane Crawfords

Nanyang Tobacco...... 83

12.15 Binceres

Watsons

$1

K. Wing On Marie

B'hai Wing On April

Vibra Piling *******

Markmans In. (Lon.

2/8 Matemans Inv. (HK) 01 Wm. Powells..

†Bals to Shanghai.

$125

***

WANTED TO BUY

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

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

WANTED KNOWN

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

Wool and model desired, to be 98 supplled by customer.

$17

#174

86.60

ཧ

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

The "WE" have an outstand- $1.85 Ing assortment of latest, American dresses for all occasions and price to suit all purses: Call at "Vanity $2.20 Bhop" (Lazarus) Pedder street.

30%

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 Par ticulara. Please Apply to:-Box No. 462 c/o HK.D.P.

HOTELS

RUSSIAN CUISINE

MORE POPULAR EVERY DAY

METROPOLE HOTEL

FOR SALE

For Sale Flity sets of Jubilee and Coronation Btamps 1st day Cover. What offer? Please apply to Box No. 465 e/o The H.K.D.P.

YOU

Are Invited to: Inspect Our

Stock of.

Asiatic, Foreign and Colonial

POSTAGE STAMPS In Sets, Bingle, Packets. Bags and in Approval Sheets.

GRACA & CO. Dealers in Postage Stamps, Philatelic Goods, Picture Postcards, Religious Goods, Garden Seeds & etc. No. 10 Wyndham Street

Hongkong. P. O. Box No. 620.

TEA DANCES Tuesdaya

Thursdays

Baturdays

Sundays

5 to 7.38 pm.

ENGRAVERS

FEI FEI & CO. Photo Engravers $18, Cochrane · Street, Telephone No. 20124,

AUCTIONEERS

GREATEST COLLLCHON CHI BARGAINS IN TOWN!

LAMMERT'S MACCHION BOGM

Jimmy's

$17

..

$8.45 $8.60

35%

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

$39

$30 $14.

Exports for the Drst eight

7/8.

to.

abroad (except India and Burma) $147,497,000 approximately under extension "of an arrange-million

the ment announced by the Treasury. period last year.

'$13

over

comparable

of the British forces anywhere months of 1940 amounted