1940-11-01 — Page 9

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HONGKONG DAILY PRESS

CHINA TO TIGHTEN

ECONOMIC BLOCKADE

CHUNGKING, Oct. 31 (Central)-The Ministry of Economics has war zones, the circularised the military headquarters in various

zone economic provincial and municipal governments and the war commissions to tighten the economic blockade against Japan.

They were asked in particular to buy over and conserve necessary materials in the war areas, frustrate Japanese attempts at economic penetration and put into full use the "economic ruerillas.'

buy

hands,

"

NOT HEALTHY SIGN

to DT.

FINANCE & GENERAL

Finance and Commerce

France Under Nazi Yoke

LIQUID MILK CONSUMPTION

LICENSED FARM

LONDON, Oct. 31 (Reuter) —

EXPORTS

Among the Canadian agricul

How France has suffered under NOTABLE. INCREASE tural product prohibited in war

German occupation is revealed in a statement by the Ministry

of

RECORDED

LONDON, Oct. 31 (BWS)-Con- sumption of liquid milk in Britain is running at about 14 per cent above the pre-war level.

This is a notable increase in time of war and of considerable significance for public health.

time from export from the Dom- inion, except under Meence, "are calves' stomachs, for making ren- not used for making cheese, fer tilizers, fibre fax, fibre flax seed.

cheese, leather, hides, skins and wool. Wool Includes wool on the skin. tops, rags, waste, and yarn.

INCREASE EXPORTS VALUE. The value of Canadian agricul

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:.

The "economic guerillas" are 1000 in 1938. This was due to the organised by the war area econo- establishment of puppet govern- mic commissions and the economic ments and due to the enemy of Economic Warfare which says guerilla warfare headquarters of efforts to strive to maintain the

that at least 800,000 tons of different provinces The members purchasing power of Japanese and. works at the front as well as in the bogus money in relation to Japan-wheat have been removed to Ger-

many from Occupied France. "occupied" areas. Besides cxamin- ese products, according

Bread 13 now rationed in ing exports and imports to prevent Wong.

France at 87 ounces per week. Japanese goods. from coming in

Meat is rationed at 124 ounces and native products from going

It is accounted for largely by This increase in Japanese ex-per week in France but in Ger-

the greater quantities being drunk tural products exported during out to enemy controlled territories, they also penetrate enemy lines to Ports is, however, not a healthy many it is 17 to 20 ounces.

More than 1,000,000 pigs are by children and nursing mothers July, 1940, amounted to 28.8 mil sign for the enemy, Dr. Wong up native products which

been removed under the encouragement of the lion dollars compared with 24.7 would otherwise fall into Japanese pointed out The best the Japanese believed to have

our co by exporting more to the from France to Germany during Food Ministry schemes. The liquid million dollars in July, 1939, Ant areas they have penetrated is to one fortnight in September alone milk sales are at present about 80

mals and animal products account- Reviewing China's efforts in

were also gallons monthly.

ed..for 12.8 million dollars, and blockading Japan economically, Dr, get their own money and bogus One thousand cattle

crop and vegetable products for Wong-Wen-hao, Minister of Econo-currency, but not foreign exchange.removed.

FUKIEN PROMOTES 8 million dollars. 'They need foreign exchange. They The average consumption mics, sald that through three

need foreign exchange to buy raw butter and oli per head in France AGRICULTURAL emergency measures. China

From January to July, 1940, there, has

materials for manufacturing their before was 17 klies but now it is succeeded to a large degree in de-

in the was notable increase PRODUCTION Industrial products....

reduced to five to six kilos. renting Japan's dream of "nanc-

value of exports of wheat, wheat Therefore, the present Japanese

TRANSPORTATION

FOOCHOW, Oct. 30 (Central)-nour, bacon, hams, cheese, eggs, ing a war with war spoils." First,

-DISRUPTED

The harvest of the winter crop this and potatoes, compared with the the National Government, on Aug.neresed exports to Chinese-CORS.

About 80 per cent. of the year is expected to be increased by corresponding seven months of ust 7, 1939, promulgated a set of tal areas are not much different regulations prohibiting the smug from investing foreign exchange in French sugar beet crop has been 7.000.000 piculs as a result of the gling of articles by land, water and China. Such Investcient cannot be

lost owing to the fighting in campaign for the promotion of

agricultural production sponsored WHEAT EXPORTS INCREASE air to the enemy. Two kinds of expected to feap profit unless set- tled conditions . In "occupied"

French wines have been articles are included in this list of

re- by the Fukles Provincial Govern-

In spite of the loss of markets prohibited goods. One is raw China, plus increasing development")

in Scandinavia and the Low Coun materials for the manufacture of of its natural resources would war-quisitioned by the Germans and ment.

For the purpose of the campaign, tries, Canada's exports of wheat one French firm alone has de mostly raw materials, to Japan for

priated a sum of $1,260,000, of keeping the wheels of her industry pagne to Germany.

Transport has largely broken which $1,000,000 is to be used as a running.

down in France because trucks fund for loans to farmers to fin- From all standpoints, Japan's ex- bearing on making military support increase in China is a Hability and locomotives have been taken ance winter cultivation, while the plies, but its possession by the Ja- instead of an asset to its national to Germany, and lorry transport remaining sum to be devoted to the the improvement of methods of

farming. panese will enable them to export strength. The third step of the 1s at a standstill owing to to: foreign countries in exchange Chinese government is to obstruct, shortage of petrol. for foreign currency. To this cate-even destroy, as much as possible, gory belong hides, leather, bristics Japan's schemes to develop the re- and beans. In addition to ordering utong which they have penetrated. military, political and customs authorities to prevent more than

North France.

1939,

FRIDAY, NOVEMBER 1, 1940. --PAGE 9

SAY

Gordon's

...and know what you're drinking/

GORDONS

DRY GIN

DISTILLERY LONDON,

NO COLOURING MATTER

NO INJURIOUS INGREDIENTS

KIANGSI'S TEA PRODUCTION SATISFACTORY

munitions, such as coal, salt, min- rant large amounts of imports.vered 12.000,000 bottles of chamthe Provincial Government appro and wheat flour during the past TAIHO, Oct 31 (Central)-Kiang-

..eral ores and cotton.

OTHER KIND The other kind has no direct

sixty kinds of exports from reach- MARKET REPORT

tag the enemy, the government has also established transportation ex- amination stations at key points to assist in this matter.

FROM ROZA BROS...

for

Ready

Thursday, Oct. 31. Silver prices rose 1/16 yester- The government has announced day for both deliveries, the quo regulations governing the purchase, tations being 23.1/2 of such commodities which could and 23.7/16 for Forward. suver otherwise-bo-smuggled out to the advices reported a small business erremy. The Foreign Trade Commis done. The market closed steady sion of the Ministry of Finance and but quiet. American

Silver was the Agricultural Credit Adminis- tration of the Ministry of Econo- quoted at 34.3/4 for Spot mics have been ordered by the

The London-New York cross-

government to buy all these stocks rate was quoted at 402.1/2. New either for export purposes or for York/London was quoted at 403.

military and civilian uses.

1/2.

Quiet.

MARKET

STERLING

.In the Japanese-penetrated areas, the people have been urged to change their productive enter-

There were sellers at 1/2.31/32 prises or to produce just enough for their own

consumption. At any: October/January, bayers at 1/9 rate, the aim is to cut off Japan for Cash from utilising China's resources both in the "occupied" and war

zones

U.S. DOLLARS

Business was done early in the morning at 23.1/8 for Cash. The

Success from this energency market closed at 1 pm, with self- measure can be easily seen from Fers at 23.1/8 for Cash and pro- the fact that whereas in 1933 China bable buyers at 23.3/16 for Cash.

exported $116,000,000 of goods to Japan it dwindled to only $68,000,- .000 in 1939, Dr. Wong pointed out.

SMUGGLING MEASURES

"SHANGHAI DOLLARS

Business Waa arranged at 386, 385 and also 385.1/2. The market closed with sellers at 385.1/2.

SHANGHAI MARKET

Supplementary to the smuggling buyers at 385.3/4 suppression measures, the govern- ment has instituted à system of Bterling opened with sellers at Later the mar- boycotting goods manufactured in 3.29/32 for Spot Japan, and its colonies. This ruling ket eased off to 3.55/84 and to- also applies to goods made in the wards the close sellers were quot- occupied areas with Japanese capi-ed at 9.7/8 for Spot, U.S. Dollars tal and in Japanese-controlled sellers were quoted at the open. factories. This is a very effective ing at 8.1/32 Subsequenly the method of boycotting enemy com-market eased off to 5.15/16 and modities, according to Dr. Wong. It towards the close sellers were prevents. Japan from exchanging quoted at 8 for Spot goods for China's fa pl (legal ten- der) or products. Also, it cuts down

the foreign market of Japanese in- dustrial production.....

AFTERNOON MARKET The market was featurettes in the afternoon.

STERLING

The government at the same time The market closed with sellers has not overlooked the problem at 1/231/32 November/January.

HONGKONG_SHARE QUOTATIONS

STOCK EXCHANGE

Buyert Sellers Balen

Nominal

BRITY

SHAR BROKERS' THURSDAY 31 OCT.

Banks

$1230 H.K. Banks ......

ASSOCIATION

crop year totalled 207.9 million

bushels, which was the best volumes's ter production for the current exported since the 1935-36 crop year is satisfactory as indicated by

The total black tea output is year when, 254 million bushels were reports from the different tea- exported. The Dominion entered producing centres. the 1940-41 crup year with a car. ryover of almost 301 million over 62,000 cases, including, 33,000 cases from Fowllang, 15,000-cases bushels.

from Hokow and 14.000 cases from Sinsblu and Tungku.

The total output of green tea ts over 90,000 cases, including 88,000 cases from Liyuan and 10.000 from Yushan.

BIGGER CATTLE SALES During the first 35 weeks of 1940- ended August 29th, sales of cattle on Canadian stock yards and plants totalled 671,541 head, com- pared with 643,058 head during the The provincial authorities are $1230 corresponding 35 weeks of 1989. The making arrangements with

Ballers Bait ominai

.

the

Increase in sales took place largely China National Tea Corporation in July and August principally in for purchase and transportation. Ontario.. Quebec. and British £281 Columbia.

BACON AND HAM FOR UK

Kwangtung Finance

A

£07

Do. (Col. Reg.)

£83

Do. (Lon. Beg.)

£87 £92

LFZ

Chartered Banta.....

£61

F2

Mercantile Bka. "A".

2108Mercantile Bks. "C".

£10

$72

Bank of East Asia.....

-72-

150 ct.

$178 period,

↓

, January to July, 1940.

$387

1

8150

14

N. C. & 8. Banks......

Insurances-

#175" Canton insurances.............

$387 Union Insurances......

Underwriters

$1

$160 H.K. Fires.mp

Shipping

$130

Douglares

$11

Steamboats

I

93.15

#301

$31

421

$3.36

2.

*

$100 Indo-Chinas (Pre).

$80

34/4

Indo-Chinas (Def.) ...

Shells.........

$6.90 Waterboats

Docks, Wharves. Godowns, etc.'

$00 H.E. & K, Wharves.. $4.60 Providents

$18

H.K, Docks (Old)... $15 H.K. Docks (New).. 6981 | +Shanghai, Dock....

Mining,

114/0

Kailans

191 Raube

1 ate. Hong Kong Mines

Lands. Hotels and

Buildings

H.K, & B. Hotels.......

R.K. Lands...

$100 Do. 1% Debentures.... $10.70 Shanghai Lands

H.K. Reallins..

$7.30 Humphreys $100

Chinese Estates.

Cotton Mills

38

Ewo (9) -

8180

B'hai Cottons (8.)....

Zoong Bings (S.)])

Wing On Textiles (8.))

Public Utilities

*** 1

Exports of bacon and ham from Cominissioner Lauded

Canada during the seven month

H.K. STOCK EXCHANGE

The market is quietly steady with slightly more enquiries.

BUYERS

Lands, $30.25. Yaumati Ferries, 321.25. Electrics (0), 90.65. Electrics (N), $36.35. Ropes, $8.10.----- Watsons, $8.90. Entertainments,. $6.50.

-SEILERS

Lands, $31. Yaumati Ferries, $22.70. Cements, $16. Watsons, 39.10.

SALES

HK Banks, $12ĺb. Providents. $445. Cements, $16, 1925- Watsons, $8.90.

SHIUKWAN, Oct. 31 (Central)-currently Minister of Finance, and slightly exceeded 188,000,000 lb. For Generalissimo Chiang Kai-shek has the Kwangtung Provincial Assemb the corresponding period in 1999, addressed a telegram to Mr. Chowly have also dispatched messages total experts were 94,700,000 lb. Lin, Kwangtung Commissioner of of appreciation to Mr. Chow..

A native of Talpo, Kwangtung, $130. The present bacon agreement with Finance, commending him for his

the United Kingdom will terminate efforts in eliminating corruption Mr. Chow had been Political Vice- $100

on October 31, 1940 Negotiations and rejusting finances since his Minister of Finance since August, $100 34/4)

are in progress for a renewal of assumption of office. $8.00 the agreement or the formation of

a new one.

$901

$155

18

$151

$29

14/0

$8

$3.30

$301

$100

$3.40

218

H.K. Tramways................. $7.40 Peak Trams (old)... 83.70 Peak Trains (new)....

$16

309Btar Forries........

#22 #221

Ymati Farring:

$0.40

8384

U. S. DOLLARS

$17

$18

No business was reported. There

$19

·823) { $94 $0.66

of supplying the needs of its peo- buyers at 1/3 for Cash,

SHANGHAI DOLLARS·

ple. Therefore, it encourages and fosters small industries and hand- crafts of all kinds, This is the best were sellers at 23.1/8 for Cash and

23 time for achieving self-sufficienty 23.3/18 December, buyers" at and for promoting native products 1/4 for Cash, with least competition from cheap Japanese goods, sald Dr. Wong... Some business was reported at The boycotting of Japanese pro-385 and also at 384. The market ducts is not limited to China alone, closed with sellers at 383, buyers but is being carried out equally

at 384.1/2. effectively among the 10,000,000- Chinese in the Bouth Sea Islands and other parts of the world,

SHANGHAI MARKET......

. Last advices indicated sellers" of

Dr. Wong sald that it is gratify Sterling at 3.57/64 for Spot and

ing to hear that well-known

citizens in the peace-loving coun-

US Dollars for Spot at 8

tries of the United States, Great HONGKONG.

Britain, India and Australia are

also waging an economic wag.

against the Japanese aggressor by

SHAREBROKERS"

ASSOCIATION

sponsoring boycott movements. Volume of Eusiness Transacted

The third step of the Chinese.

government is, to extend guerilla av:

on Thursday, Oct. 31. 1940, SALES

and destructive activities in the "occupied territories. Japan was China Providente able to export $310,000,000 worth HR Lands

of goods to the "occupied areas in HK. Tramways;

1939, This figure showed a substan-

tial increase from the 1937 figures of $150,000,000 in 1937 and $200.000,-

The total value laï

$6.10 $6.36

T14

86.30 $9.10

500 $4.45 180 30.30 500 15.30

$6

7:2

$23.70 $9,55

1932. He was appointed Kwang-

Dr. H. H. Kung, Vice-President tung Commissioner of Finance on

con- of the Executive, Yuan, and

August 23. 1940.

PRE-PAID ADVERTISEMENTS.

The following classés of advertisements are charged at the price given below:- SITUATIONS VÀCANT.

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

If Charges collected, $2.00. Rate of $1.50 for THREE INSERTIONS.

China Lighta (0)......

China Lights (New)..

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

H..K, Hectrics/ Naw)... #36

Macao Electrics (Old) Macao Electrics (New) Sandakan Lighta................. Telephones (old)........ Telephones(new)......... S'pers Tractions (Ord.) Industrials pl #14.80 Cald., Macg. (Ord.) 8. 12" Cald., Maeg. (Pref.)8.]

$1

Canton Ics..

$16.10 Cemente

H.K. Bopes.

HK Govt. Louns 899 4% Loan

105 37%

$95

(1940) Miscellaneous

$17 Dairy Farma.....

Entertainmezis

$1.60 | Constructions · {old).......

Construction (new)....

$7,40 Lane Crawforda...

Nanyang Tobaco...... #31

$2.16 Binceres

Watsons

25 Ch. G.5% 1925GSBds $39.K. Wing On

*** S'hai Wing Onc

Vibro Filing

7/6 Matemans" Inv. (Lon.). 2/9 Marsmans. Inv. (HK)

Bale to Bhangħaj

$371.

$190

WANTED TO BUY

WE PAY HIGH PRICES for all gold and silver articles, $125 gold bars, diamonds and jewels Apply China Gold "Refining Co. Pedder Building, 2nd floor, Room 6,

87.40 $3.70

$59 #22

WE OFFER HIGH PRICES for 18)

articles, $6.10 any amount of gold

diamonds, silver, etc: No holidays. Apply China Building, 7th floor. Tel. 90727. Eurasia Gold Refnläg Co.

WANTED KNOWN

ORDERS TAKEN for hand-made sweaters, Ladies' Jumpers, Bables* $18.10 outfits, etc., at $5.00 each for

workmanship.

Wool and model desired, to be supplied by customer.

Seud particulars of address, etc,

to Box 502, HXDP.

That "WE", have an outstand- ing assortment of latest American dresses for all occasions and price to suit all purses. Call at "Vanity $1.40 Shop" (Lazarus) Pedder Street. #2.10

Experienced Book-keeper Wants Students to form a clase. Guaran tee students to keep a whole set of books after completion of a course of 6 months For Term and Par ticulars. Please. Apply to-Box | No. 462 c/o H.KD.P.

HOTELS

RUSSIAN CUISINE

MORE POPULAR EVERY DAY

METROPOLE HOTEL

FOR SALE

For Sale Fifty sets of Jubilee' and Coronation Stampa 1st day Cover. What offer? Please apply to Box No. 465 c/o The HK.D.P.

YOU

"Are Invited to Inspect Our

Stock of..

Asiatic, Foreign and Colonial

POSTAGE STAMPS

In Bets, Bingle, Packets. Bags and in Approval Sheets.

GRACA & CO.

Dealers in Postage Stamps, Philatelic Goods, Picture Postcards, Religious Goods, Garden Beeds, & etc. No. 10 Wyndham Street FO. Box No. 620, Hongkong

TEA DANCES Tuesdays

Thursdays

Saturdays 2. Sundays

5 to 7.30 p.m.

ENGRAVERS

FEI FEI & CO.

Photo Engravers,

18, Cochrane Street. Telephone No. 22224,

AUCTIONEERS

GREATEST COLLECTION DE BARGAINS IN TOWNI

ŁAMMERTS MUCHON BOLM

Barronet, Brant

Tel gluono MA BAWA

Jimmy's

81%

(1934)

(50; ots.

$6

981

$17.30

$0.60 $1.85

$7

25%

$39

· #14.