1940-11-06 — Page 9

HONGKONG DAILY PRESS

Finance and Commerce

SOCIAL AFFAIRS Britain's

BOARD RAISED

·TO STATUS

OF MINISTRY

CHUNGKING, Nov. 5 (Central)

-Reorganisation of the Social Board of the Central

Affairs

1123-

10-

Production Capacity

BLITZ-STRIKE IN TIENTSIN

Y

Constables Demand Wage Increase

TIENTSIN, Nov. (Reuter- Following discussions by its coun-

FINANCE & GENERAL

WEDNESDAY, NOVEMBER 6, 1940. -PAGE 9

GERMAN LABOUR SUPPLY

Revealing Figures: Exhausted Reserves Of Man-Power

Figures published by the German semi-official economic organ Die Deutsche Volkswirtschaft, known for its consistent endeavour to rive a correct account of economic conditions in the Third Reich, give a revealing picture of labour in wartime Germany,

When the war began the total number of gainfully occupied employees in the Greater Reich, excluding Poland, was returned at 24,460,000, of whom 130,000 were women.

Minister's Confident Address To Workers Kuomintang Headquarters into a

LONDON, Nov. 5 (Reuter) Council is expected to take a now under arms in Germany is of Ministry of Social Welfare

"Give us another six months of formal decision on Thursday re- course undisclosed, but obviously der the Executive Yuan. in

Intensive production and we shall garding the Chinese police con- it is at least several millions, and cordance with a National Gov-

are hi-

a figure as high as 10,000,000 has to have passed Crmany and the stables' demands which ernment mandate is expected

been mentioned in circles be completed within this month, ugly Nazi regime will crumple intherto not officially revented.

Hitler's hands," declared Mr. The primary issue, of last Fri-

sidered well informed according

8 spokesman of

Ernest Bevin. the Minister of day's "biltz-strike" was an increase the new Ministry.

Mr. Ku Cheng-kang, Director of Labour, speaking to factory work-in wages. the Social Affairs Board, has been ers at Rugby. appointed Minister of Social Wel- fare while the Political and Ad ministrative Vice-Ministers and

The number of men employed! from the last War, and alling per- naturally dropped heavily at sons, These were naturally not

ellers, the British Municipal mobilization. How many men are highly efficient. At first the num-

to

This may burden the budget up "In six months we shall have to $100,000 Passed Germany in aircraft, ships, diverston and guns, and I venture to pro- phesy that immediately we have and the Departmental Directors done so the world will move back to a peaceful time of reconstruc- tion wiping away privilege and aiding the growth of knowledge.",

have been slated and will be formally announced soon, the spokesman revealed.

The new Ministry, the spokes emphasise or man added. will ganisation of

the people, Bd-

vancement of social welfare and

promotion of co-operative enter- prises..

..

ther

the

With

of the addition Ministry of Social Welfare

JAPAN-N.E.I. TRADE TALKS

Executive Yuan has now under NO RESULTS YET

other of War.

OBTAINED

Ministries. the it nine

the Ministries eight being tnterior. Foreign Affairs.

5 BATAVIA, Nov. (Reuter) Finance. Economic Affairs, Educa- The trade talks with Japan have tion. Communications, and Agri- so lar given no results but "may

be continued." according to culture and Forestry.

statement by the Netherlands East Indles Government here yester-

MARKET REPORT day.

મ

con-

ber of employed women dropped sharply, largely because many took up ariny jobs as nurses, car-dri- vers, and orderlles.

Later the number of employed women increased, but even by

In view of the vast territories June, 1940, it was only 200,000 occupied, this figure is quite pos- more than at the outbreak of war. sible, but even half this number There is a plan under considera- a year because any would make a serious difference, tion for making one year's isbour might thelude other as these men, being chiefly the service compulsory for unmarried employees of the British Munich-highest physical types and the women between 18 and 50, but this pal Council within the same pay most skilled workers, cannot be could to no circumstances yield group.

satisfactorily replaced.

any very considerable, number, as The problem was to make up comparatively few women can be. from domestic service, this deficiency, since modern ar- spared mies cannot operate effectively for especially when such a large part must be spent in long unless the country's economic of every day machinery works at least withstanding in queues for food.

Nor are all women adapted for normal efficiency,

Chinese constables are now normally performing all duties.

LONDON STOCK.

EXCHANGE

(Reuter) LONDON, Nov. 5

Exchange cond!- In the Stock

and tions were bright

business active especially In Gild-edged where prices were higher on sus

tained investment demand.

Ralls were well bought while among industrials Tobaccos and Kaf- Breweries were supported. firs were firm

Wall Street was rm.

One German authority, Colonel the work of such inen as are called Thomas, of the Reich War Office, to the colours. About 500,000 ad- stated before the war broke out ditional male workers were obtain- that every soldier in the German ed at the end of April, when ano- Army presupposed 10 fully either age group of boys left school, clant civil workers at home to but their efficiency for the next operate successfully...

was to

FIRST STEP The Arst step taken mobilize about 1,000,000 "mostly old and retired, cripples

---

two or three years cannot be high. As there were virtually no un- employed in Germany when the War

began labour conscription among Reich Germans offers no

great Deld, Since this system was Arst adopted in the middle of 1938 to build the Siegfried Line about

HONGKONG SHARE QUOTATIONS 1,750.000 persons, including 250,000

how- The statement stresses, FROM ROZA BROS.

ever, that the "closest watch will Tuesday, Nov S

! be given

to the possibility of STOCK EXCHANGE, Silver prices dropped 1/16 yes direct or indirect advantages "ac- terday for both deliveries. the cruing to the enemy of the Neth- quotations being 23.7/16 for crlands." Ready and 23.3/8 for

Forward Referring to

the Nazi

Silver advices reported the mar-, European order" the

"ne statement

ket as being quiet, with a small "wholly and absolutely refutes business" done. American Silver

was quoted at 34.3/4 for Spot,"

The

London 'New York cross. rate was quoted at 402,1/2. New York, London was 403.3 4

Featureless

MARKET

STERLING

quoted

at

There were sellers at 1/2.31/33 November/January, buyers at 1/3

for Cash

1.8. DOLLARS No business was reported: There were sailers at 23.3/16 for Cash, buyers at 23.5/18 for Cash

SHANGHAI DOLLARS

A small business was arranged

at 382 and also 383. The marketi closed with sellers at "383, buyers bidding 283.1/2.

SHANGHAI MARKET Sterling opened with sellers for Spot at 3.29/32 and at the close the market was e shade easier U.S. with sellers at 3.57/54. Dollars opened "with scliers at 6.1/10, and closed at Noon sellers at 6.1/32 for Spot.

AFTERNOON MARKET

"The market

was

with

extremely quier in the afternoon. No hust- ness was reported..

STERLING

The market closed with sellers *ät 1/2.31/32 November/January,

buyers at 1/3 for Cash.

V. S. DOLLARS

Sellers at 23.3/16 för Cash, buyers at 23.5/16 for Cash, SHANGHAI DOLLARS some business, was done at 383 The market closed with sellers

at 382, buyers at 383.1/4.

SHANGHAI MARKET Sterling opened with sellers at 3.5/7/64. Last advices Indicated

the participation of another power

in our own affairs in the Nether- lands East Indies."

ThNetherlands

•

Government equally rejects a "world "economy which would encicse the Nether- so-called lands East Indies in a Asiatic bloc."

H.K. STOCK

EXCHANGE

Business was restricted to a

slightly improved Tew stocks, at rates and closed with further en- quiries.

BUYERS

Union Ins., $387).

Providents, $4.40.

Hotels, $3.10.

Lands, $30.30.

Trams," $15.75.

Yaumati Ferries, $22.23. Electrics (0), $36.75. 'Electrica (N), $36.50.

Bellors Buyers

Sales

Nomin

$387+

::

:

SHAREBROKERS'

TUESDAY

5 NOV.

H.K. Banke

#175 Canton Insurances......

Buyer

ASSOCIATION

Solnal Sellers

Say "BLACK

WHITE

and

be sure!

THOSE WHO KNOW SAY, IT'S THE SCOTCH.

Canada's Determination

To Carry Out Her Part

Canada's firm determination to carry out her part in the men, war to the fullest possible extent of her powers in materials and money, has been further indicated by the fact that a second war loan was oversubscribed when the books clos- ed by $42,248.300. The total amount called for was $300,000,000, total of 5342,- but the loan went beyond that objective to 248,300.

3

Actual

to subscriptions the their part in the carrying on-of second war loan were to the the war.

for of $324,946,200,

In It is noted that the difference amount

arst war loan of

women, have been conscribed, but addition to the cash subscriptions between the never for more than six months in for the new bonds, were conver- January and this second war loan sion subscriptions totalling" $24,- is that the first was oversubscribed any one case. The number serving

in less than a week, while the 946,200. this way today is only $50,000 out

made by books of the second were left open In А statement of about 900.000 hastily conscribed

Finance Minister Isley, who ex-for two weeks. One reason for at the outbreak of war.

pressed deep satisfaction with the this is believed to be that another results of the second loan, it was heavy war budget has intervened. £93 numerically of supplementary announced that in less than nine and that by that budget the in- labour has been prisoners of war months, Canadians had purchased come tax has, for the average tax-"

been heavily increased and foreigners domiciled in Ger-about $522,000,000 of war securi-payer. many or countries occupied by the tles, and the first and second war Other heavy taxes were also imm-

Army, above all Poland loans totalled over $663.000.000 in posed by the budget. Norway, and Holland; while some cash subscriptions... help has been obtained from Italy.

MOST FRUITFUL..........

$12311 287

The

most

fruitful source

Banks

$1215

$67

Do. Col. Reg.)

£63

Do. (Lon. Rog.)

Set

Chartered Bankr

£62

02 Mercantile Bra, "A".

£261

£10

Mercantile Bka. "O".

$72

Bank of East Asia....

£109 $72.

Reich

N.-C. & 8: Bank.....

160 ct

Insurances

$175

Union Insurances..... $287.

31

Underwriters

$160

H.K. Fires.....

$150

Shipping

$135

Douglases

$130

811

Steamboats

$8

$100-

$80

Indo-Chinas (De!,....

$100

34/44 Shells

+34/48

$6.90 Waterkonts

Docks, Wharves,

Godowns, etc.

800

$4.45

$16

Telephones (0), $23. Ropes, $8.10. Watsons, $9.

#301

SELLERS

Yaumati Ferries. $22.75. Ropes,. $8.35,

SALES

Lands, $30,75.

Trams, $15,90.

Telephones (0), $23.75. Cements, $18

Wilhelmstrasse Denies Axis Peace Moves"

(Reuter) LONDON, Nov, b The Wilhemstrasse yesterday gave the quietus to reports about alleged.. peace moves by the Axis

powers.

"In view of their present poll- tical and military position Ger-i

reason many and Italy have no for making a peace offer to the seller, at 3.29/32 for Spot. U.S. enemy," it was stated.

Dollars opened in the afternoon

!

$100 Indo-Chinas Pref....

$16

!!!

The

Tax-payers have probably 'not oversubscription" in the overlooked another fact, namely

over that not only are, they being asked the current. Ascal year to

Gerinan agriculture has benent-second loan amounting to ed to the extent of 500,000 volun- $42,000.000 decessitated a reduc-in teer foreigners and 600,000 to 700,- tion in the orders from large in- provide money through taxes and 000 prisoners of war, who will not, stitutions and corporations so that loans to pay for a war bill in one of course, be by any means as eff-Individual subscriptions could be year that will not be far short of clent as the Germans they have fully confirmed. These latter were $950,000,000, but they must also replaced. Besides these, about 400.- especially high, and indicated a provide the funds to pay a non- 000 foreigners and 200,000 pri destre upon the part of individuals war bill in this Ascal year of over $6.50 soners have taken jobs in industry. all over the Dominion to bear! $450,000,000,

4000

84.45

14/0

$3,30

$30)

$100

$3.40

H., & K. Wherve...

Providents

H.K. Docks (013)..... $15H.K. Docks (New).. 329+Bhanghai Docks...

14/0 Kailans

$91

Raubs

Mining

1 cte. Hong Kong Mines..... Lands, Hotels and Buildings

$320.K. & 8. Hotels......

H.K. Lands.......................... $100 Do. 4% Debentures. $11.30 Shanghai Landa, 83.36. Realties.......... $7.10 fumphreys $100 Chinese Fixtates....

Cotton Mills

839) Ewo (8.)

8160 g har Cottons (3)

Zoong Sings (S.)......

816

Wing On Textiles (8.))

Pablle Utilities

H.K. Tramways. 815.75 $15.00

87.40 Peak Trams (old).

$3.70 Peak Trams (new).........

:

::

$39

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 under this heading at a Pre-paid

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

WANTED TO BUY

WE PAY HIGH PRICES for a gold and silver articles, $100 gold bars, diamonds and jewels. Apply China Gold Refining Co. 3125

Pedder Building, 2nd floor, Room 8.

J

-$7.40 $3.70

$50

Star Ferries.........

$55

8221 4224

Y mati Ferriss.

884

Chins Lights (0).....

$8.40

China Lights (New)..

3381

H. X. Electrica (Old)... $36

$364

H. K. Election Now)... $36

$17

$10

Macao Electrics (N6w)

$23.70 $9.56

***

$23

$9.65

with sellers at 6:1/32. Last ad GIFT FOR GREECE'S 10.10 $6.38

vices indicated sellers at 8.1/16 for Spot.

HONGKONG

SHAREBROKERS

ASSOCIATION

Volume of Business Transacted ́on Tuesday, Nov. 5, 1940,

SALES

Cements

HK. Hotels

200 $16.00 200

WAR EFFORT

LONDON, Nov. 5 (Reuter)~~A sum of £20,000 for Greece's war effort was contributed at a meet- ing of Greek residents in "Johan- esburg, South Africa, on Sunday. evening.

DR. AZANA PASSES

VICHY, Nov. 5 (Reuter) Dr. 16.00 Manuel Azana, former President 3,20 of the Spanish Republic, died on 15.00 Bunday-night at Montauban, 23.75 France, It was reported in Vichy

yesterday.

38.90

* Henna

#12

11.

Macao Electrics (Old)

Sandakan Lights......... Telephones (old)....

Tolephones (new)................ B'pars Tractions (Ord.} Industrials

$14.90 Cald., Macg. (Ord.) 8.) Cald., Macg. (Pref.38. Canton Ices......

$1.2

81"

#18

Cementa

H.K. Rope

HI Gori Loans

$90 4% Loan

$90 31%

$95 33%

(1994) (1960).. Miscellaneous

$17 Dairy Farmis.......

$6,60 | Entertainiments

$1.60 Constructions. (old)..

31 Constructions (new)...

50 ota.

#162 816

$6.20

98

$96

$7.45 Lane Crawfords, de

Nanyang Tobacco. 3- $2.15

Sinceres

vy itsons...........

36 Ch. 0.5% 1925G3Bde. $39

I.K. Wing On

S'hai Wing On

Vibro Filing

7/8 Marimons Inv. (Lon.)

29 Maramans Inv. (H.K.)

500

H.K. Tramways

200

in

H.K. Telephones (0) 200

1,300 The total value is 315,930,00.

11

Dr. Azana who was 60, had been 11 for some months,

Wm. Powells.

+Sale to Shanghai

HOTELS

RUSSIAN CUISINE

MORE POPULAR EVERY DAY

METROPOLE HOTEL

TEA DANCES

Tuesday's

Thursdays

Saturdays

Sundays

5 to 7.30 pm.

$22) $8.70.

WE OFFER HIGN PRICES, for gold articles, amount of any diamonds, silver, etc. No holidays. $6.40 Apply China Building, 7th floor. Tel 30127. Eurasia Gold Renning Ca.

WANTED KNOWN

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

Wool and model desired, to be supplied by customer.

Seud particulars of address, etc., to Box 502, HKDF.

#171

Tha WE have an outstand- $6.00 $1.86ing 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

Sales-

WANTED - Immediately Woman 25-35, knowledge Typing. Book-keeping take Charge Shop. Good references essential. Good prospects. Apply Room -117 first floor, Marina House after 5.30 p.m.

YOU

Are Invited to Inspect Car Stock of Asiatic, Foreign and Colonial

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

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

of 6 months. For Term and Par- P. O. Box No. 620.

ticulars. Please Apply to:-Box

No. 462 elo HKDP.

Hongkong,

ENGRAVERS

FEI FEI & CO. Photo Engravers

18. Cochrane Street, Telephone No. 22224.

AUCTIONEERS

GREATEST COLLECTION OF

BARGAINS IN TOWNI

l

LAMMERTS AUCTION ROOM

Lammert, Brother 2. Can an. 1

Road Catz §. Telephone No – 20224.

Jimmy's

BUTTERICK

Expert Ladies Tailor,

New Style Ready Made Dresses FOR SALE.

16, 'Wyndham Street" Tel. 23615,

1:37

19.90

88.90 $9.10

35°la

#39

814