HONGKONG DAILY
PRESS
+1
Finance and Commerce
Over 500,000 Pines Going OVERSEAS
To Waste Daily
Unless the position of Malaya's pineapple trade, now stac- tically at a standstill, takes a sudden tura within the next fort- night, over half a million fruits will lie ungathered daily in the several hundred estates of the country, writes a Malaya Trbane Staff reporter.
A reply to a representation made
CHINESE
CAPITAL
FINANCE & GENERAL
British Malaya Is Key Post For War Material
raw
SINGAPORE-BRITISH MALAYA'S KEY JOB IN THE
· PRESENT WAR continues to be supplying of essential materials to the empire and, through the sale of raw materials to the United States, to supply needed foreign exchange to the empire's war chest.
DESPITE THE IMPORTANCE unable to join one or other of the OF SINGAPORE as the corner volunteer forces, has been formed. stone of British defences in the Members will be trained for inter- Fast, Indian Ocean and |nal defence purposes in the event western Pacific, her main job is of an emergency.
vestment In China F Enterprises Urged economic, S. W. Jones. Acting "During the past year the peonie
Governor, revealed.
The October-March season is re-
of the colony," Mr Jones added, to Government by the pineapple garded as the "small" season, and
The Ministry of Economic Mr. Jones. In a speech reviewing "have shown by their loyalty. packers and the Chamber of Com-April-September" the "large" sea- merce some time ago, asking the son. During the peak of the latter Affairs is encouraging overseas the war effort of the colony, also their support, their fidelity in the Chiness to make capital invest revealed that the government has discharge of the duties assigned Government, to buy the present season, roughly 1.500.000 pines are ments in economic enterprises in expanded 41,000,000 Straits dollars to them and their disciplined ac stock of canned pines now lying gathered daily.
china. Regulations pertaining in
war efforts, including the ceptance of many inconveniences In the factories-about 450,000 In the petition sent to Govern- cases in all-so as to permit the ment, the official said that Clov. thereto printed in phamlet form 1.000.000 pound sterling gift, pay and restrictions their determina- have been distributed-to-local
menta to the home government in won to fight to victorious end Chinese organisationa.
war this war against a system that respect of war duties and The economic enterprises in loan, local military expenditure is fundamentally hostile to our which they may invest include and cost of wartime departments political traditions, Ideas and mining, agricultural and commer-
FAILURE MEANS DISASTER sympathies and against methods which Are the quintessence of cial projects and other enterprises national de- with
brutality. Il-fatty ans. oppres- in connexion
sion. fence.
"
continuance of the business, is ex-ernment was asked to purchase a stock of approximately 450,000 pected soon.
the canning Brought to an abrupt ending by cases now lying in the cessation of orders from the factories. United Kingdom owing to the war in Europe. the pineapple business, the third biggest of Malaya's trades, has been at a standstill for about three months. About 20,000 workers have been affected.-
It was a fortunate fact that the stoppage of work com- menced at the end of a fruit- ing season, when the crop was not at a flourishing period. but the new season-and hundreds of thousands of pines dal'y—ls fast approaching, so that un-" less the trade is resumed mil- lions of fruits will be wasted.
BIG CROP
11
"In the mechanized form which the modern warfare has taken
WAR EFFECTS NOTED
"If "Government decide not to buy the stock, which we hope will not be the case, then we expect a direction from the authorities as to the line we should take. We Those whose investments occupy raw materials that Malaya sup- are vital and, although may have to abandon the trade more than 80 per cent of the pites
"I am convinced that, though altogether."
total capital of a project will enlacking the banners and trumpets loy technical guidance from the of actual fighting, the grim truth the conflict may be long and tor Ministry, tax exemption or re- is that any failure of our efforts menting, their resolve will never duction, transportation facilities, to satisfy those needs would have slacken until those evil things are
utterly destroyed." less disastrous than use of public land, guaranteed in-results no
Janea Malaya's population has been terests on their capital, subsidy cowardice in battle." Mr.
declared.
affected by the activities of such grants, and awards of prizes.
"The review of the colony's war time departments as restrict They may also appeal for "assis-
case contribution to the war must, jed imports and exports, shipping tance from the Ministry in
therefore, be set against the back-control, foreign exchange control, of difficulties.
ground of an unfluctuating and food. control and censorship. successful endeavour to play this Mr. Jones, in his speech, referred ipart and a mat praiseworthy to the exchange control which, he spirit of loyal patience in accept said. could not be popular, because ing surdens and restrictions which it restricted the liberty of indivi
In spite of the position, how- ever, the price of pines has re- mained practically the same. this being due to the present system adopted by which the prices of the fruits are fixed according to size and weight, and not to abundance or sexr- elty of frufts. Meanwhile, with almost all the factories idle, the workers, except a small percentage.
"
During the new season, which
01 have gone imported over 2,000,000 cases by anonical of the Central Board, over to other vocations, pincipal pines every year, which is over commences this month I was told an average of a million fruits are 17 on rubber estates and in fac-per cent, of the total amount ca- } grow in intensity as the war pro- ¡duals to use the wealth as they
gathered daily during the peak of tories.
ned in the nine large factories
of
the period, while during the re- maining days of the season, until the last few weeks, approximately
The United Kingdom formerly Malaya.
gressca,"
ed.
of fruits gathered a day when you
half of this number only is collect HONGKONG SHARE QUOTATIONS
"It is easier to get the number TOCK EXCHANGE,
take an average of 1,500 fruits for. Bayer Ballers every acre of land on which pines
SHAREBROKERS' ASSOCIATION
Baloa
Nomiea)
are grown, the official told me.
WEDNESDAY 20 NOV.
Banks
Barer
Anilori
Binomion)
$1265
1275
£72
Da (Col. Reg.)
£86
Do. (Loo. Reg.)
£71
Chartered Banks ...
£10 1/16
$73
*:*:*:
$390
$1
$3.45
***
$7.10
H.K. Banks..........
Shipping
.K. & K. Wherre...
Humphreys
$100
War.
ኑ
THURSDAY, NOVEMBER 21, 1940.-PAGE
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BLUE RIBBON BEER
Around the world, it's Pabst Blue Ribbon
Pabst
EXPOR
BEER
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Because Pabst Blue Ribbon' is in a class by itself. The lighter, zestier, beer for kcener refreshment. Nothing heavy or svruny to slow up its delightfully invigorating action.
And wherever you order Fabst you'r dad it always the same, Pure. Delicious. Tholesome For in every tangy, thịt bum quenching drop, we give you Guarded Geo- ress from Grain to Glass your absolute guarantee of the highest quality that otus, 95-Year Ski and Modern Scientific Control can produce.
DODWELL & CO., LTD.
Queen's Building.
Tel. 20636,
pur-
would like to use it. He said the COLONY CONTRIBUTION public on the while had accepted Mr. Jones reviewed the colony's the restrictions as necessary. contribution; Gifts to the Imperial
GREATEST DRAIN Government were continued and
TO BALANCE WAR BUDGET [colaný could not go on spending The greatest drain of foreign early in the year 1,000,000 pounds
Introducing the colony's 1941 at this rate without providing sterling was sent to the exchequer exchange other than in payment budget. Mr. L. G. Corney, financial fresh sources at revenue or using
for Imports WAN China, Jones to assist in une prosecution of the
secretary, spucaled for a mandate "D reservea. The truth, said "Mr.", said it was fully appreciated that to collect the revenue which he Corner, was that the colony had Contributions from individuals, payments in the form of family said was available and which was hardly yet began to mobilize its and through the patriotic fund remittances by Chinese to their ecessary to halance a wartime financial resources for war
pasés and the war fund, totalled $1,980,dependents in China was in the
budget
Mr. Corney said he felt sure 000 and $4,230,000 respectively nature of payment for services
He envisaged a widening of the The Singapore Municipality con- rendered to Malaya by
intention or that the $4,417,000 included in the basis of taxation, including the tributed $1,000,000 to the War and there
estimates as revenue from war Introductions. af income tax, to £10 Fund and the Penang Munique prohibiting such payments,
quities in 1941 did not~: represent meet the situation. Legislation. Permission was granted for re- and could not be allowed to re for income tax," will be introduced lity, $800,000
The Singapure harbour under-mittances of large sums monthly present the measure of the in the colony and the Federated took to build -and equip sw to alleviate general distress as
colony's effort in the coming Malay States. well as remittances for support of twelve months. launches for the British Navy.
particular families.
The colony, Mr. Corney added The Straits Settlements is tud- had made contributions to the
LA
1876
-
£72 £56
£264
20'stu
$120
$390
$400
80 ct
$150
$135
$100
was no
Chinese
Addressing the Scottish Labour
VOLUNTEER FORCES TRAINED
Hundreds of young men of all races have undergone periods or geting for a deficit of $11,000,000 Imperial Exchequer totaling $62,- party at Glasgow, Mr. D, R. Gren-- intensive training with the volun- in 1941, with revenue estimated at 000.000 in the past years, inclusive fell, Secretary for Mines, said he and expenditure. at for the proceeds of the recent war was convinced there would be no teer forces. Others were with $46,200,000 $100 air, rald precautions and as a $57,300,000.
36/3
$6.00
$89
$4.60
$164
$16 8341
14/0
€31.
$3.35
$100
$3.45
$7.15
846 $190
$125
$18
$7.40 $3.70
New Railway Line Opened
GREAT ECONOMIC IMPORTANCE
PEIPINO, Nov. 20 (Reuter)—A favourite "Japanese project has
been realised with the opening of
a new east to west railway link- ing China's two great mort to scuth trunk lines.
ruzs
On
Construction was atarted 1917 but was delayed by civil war and inter-provincial "Jealousy.
The new line, 150 miles long. from Shihchlachwang, the Peiping-Hankow Railway, to Tebehow on the Tientsin-Pukow Railway across the Hopel plain. It is of great "economic as well as milltary Importance because It Elves trade" in the Stansi Pro~. vince-direct-access to the sea at the part of Tsingtad through Tsinan, capital of Shantung Pro- vince.
ETRUGGLE ENDED Incidentally, opening of the new. line ends, in Tsingtao's favour, a 28-years' struggle with Tientsin to win Shanal trade.
Originally the eastern terminus of the line was to have been Trangchow, only 80 miles south of Tientsin, but the Japanese have always favoured the more souther- ly route.
The Japanese have also widened the narrow gauge railway from Shipchischwan to" Taiyuan, thus further Improving the new trade route.
LONDON STOCK EXCHANGE
LONDON, Nov. 20, (Reuter). - On the Stock Exchange yesterday, toreign bonds, especially South American, met Investment inquiry.
$390
1991
£20 Mercantile Bks. "A"
Mercantile Bka. "C".
Bank of East Asia..... $73 N. C. & S, Banks..... Insurances
388 Canton® Inanrances........
Union Insurances.... Underwriters
$150 H.K. Fires....
$135 Douglase
$11
Steambosta
$100 Indo-Chinas - (Pref.)..
$80 Indo-Chinas (Def.) 30/3
Shells
86.90 Waterboats
Docks, Wharves, Godowns, etc.
24. Providents
$18.40 H.K. Docks (Old)......
$16 R. Docks - (New).... #3+Bhanghai Dock.......
14/0 Kallans
Rauba
Mining
cts Hong Kong Mines..... Lands. Botels 'and, Buildings
3.K. & A. Hotel!
$31.K. Landı.......................
$100 Do. 4% Debenturm..... $11.60 Shanghai Lands........
H.K. Realtinn.....
Chinese Estates....... Cotton MJI
845 | Ewo' (8.)
$165-8'hai Cottons Bj...
Zoong Bings (8.)...
Wing On Textiles (8.)
- Public Utilities.
818H.K. Tramways,, $7.10 Peak Trams (old)... 8370 Peak Trāms. (new).. 3074 Star Ferries
China Lights (0).... | 86.80
$8.60 China Lights (New)..
$37. K. Klectrical Now)
17 Macao, Electrics (Old) $15 BACEO Electrice (Now) 511Sandakan Lights......
Telephones (old).......$24 191 Telephones (new)....... S'pore Tractions (Ord.) Industrials
814.80) Cold., Moeg. (Ord.) B 812 Cald., Macg. (Pre)8
1Canton_Ices
$16.65/16
Home rails and industrials re- $0.40 $8.05 $6.60 mained quiet and occasionally in- clined to lag for want of fresh support.
closed Gult-edged securities steady while rubbers and olls were. steady.
Wall Street was quietly steady.
Singapore Fund For Coventry Relief
LONDON, Nov. 20 (Reuter) Coventry-born residents of Singa- pore have started a fund for the relief of citizens of that city who suffered in last week's heavy raid. The sum of £250 was raised in one day....
¡Cementa
H.K. Ropes HE. Chrt. Loans $984% Loan
898 81% * (1934) 984 31%
(1940)... Miscellaneous
Dairy Farmasi Entertainments
$1.60 Constractions (old)......
-7/8" HATSMODS -Izy," (Lon)
9/9 Marimana Inc. (HK)
Win Fowell
+Hale to Shanghai
8221
$0.00
$38
དེ་
$17
$8.60
#24
#*
ITP
.
Y'mati Ferries........
$57
8221
$5.60
H. K. Electrics (Old)... 8372
837
$38
sult of the. compulsory service ordirance a number of · British Europeans have been added to the strength of the Straits Settlements. Volunteer Force.
Others, together with a number of women.
are tramlig for the Volunteer Air Force to be used in local defence. A firing-training school which Dims at training young men who will eventually enter the Royal Air Force has been opened.
DEFENCE CORPS
A local defence corps, which will be manned chiefly by those
H.K. STOCK EXCHANGE
Market was very dull,
BUYERS
H.K. Banks, $1,285 · Bank of East Asia, $73, Union Ins.. $390. Yaumati Ferries, $22.50. Lights (Old), $6,90. Ropes, $3.40.5 Dairy Farms, $17.50 Entertainments, $8.60. "
SELLERS
Decks (Old), $10.00. Cements, $18.80. Repes, $5.55, Vibro Piling, $8 Watsons, $9.75.
-SALES
Wharves, $89.50,
50 sta,
$104
$8.60
Trams, $16.50, - Lights (Old), $7.
$17.60
$0.65
$1.85
21
Constructions (new)...
Lans Crawlorily.
$9.10.
$2.16 Sincerca
Nanyang Tobacco. $2.20
$2.20
$8.70
30%, ch. G.5% 1925G48ds.
$39
ILK, Wing On
Shai Wing Un
Vibro Piling
HONGKONG
SHAREBROKERS
ASSOCIATION
Volume of Business Transacted on Wednesday, Nov 20, 1940, SALES
China Lights (0) $100
loan
and it was clear that the coal shortage.
#
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 26 Words are inserted under this heading at a Pre-paid
Rate of $1.50 for THREB INSERTIONS.
WANTED TO BUY
WE PAY HIGH PRICES for all gold and silver articles, gold bars, diamonds and jewels. Apply China Gold Refining Co. Pedder Building, 2nd floor, Room 6.
WE OFFER HIGH PRICES for articles, any amount of gold diamonds, silver, etc. No holidays. Apply China Ballding, 7th floor.. Tel. 30727. Eurasia Gold Reaning Co.
WANTED KNOWN
ORDERS TAKEN for hand-made sweaters; Ladies' jumpera, Babies": outfits, etc., at 55.09 each for workmanship.
Wool and model desired, to be supplied by customer.
Bend particulars of address, etc.. to Bax 502, H.K.D.P.
The "WE" have an outstand- ing assortment of latest American dresses for all occasions and price to suit all purses. Call at "Vanity Shop" (Lazarus) Fedder, Street.
Experienced Book-keeper. "Wants $7.00 students to form a class. Guaran- 606.00 tee students to keep a whole set of HK Telephones (N.), 200 · 9.60 | books after completion of a course
380
"The total value is 3,034,00)
of 6 months For Term and Par ticulars. Please Apply to:-Box |No. 463" e/o HEDP
If Charges collected, $2.00.
HOTELS
RUSSIAN CUISINE MORE POPULAR EVERY DAY
METROPOLE HOTEL
· TAILOR LAM SHIU SHEK 334, Nathan Road; Kowloon, Tel. 57712. Guaranteed delivery 1 suit in 24 hours notice and 6 hours- for a pair of trousers.
Just Received: Stanley Gibbons Postage Stamp Catalogues
for 1941
Whole
World
Part 1 British Empire Part II Foreign Countries Simplified.
GRACA & CO. Dealers in Postage Stamps, Flowers and Vegetable Seeds Picture Books
"TEA - DANCES Tuesdays
Thursdays
Saturdays
Sundays;
5) to:7.30 p.m.
ENGRAVERS
FEI FEI & CO. Photo Engravers
18 Cochrane Street Telephone No. 22324,
AUCTIONEERS
GREATEST COLLECTHEN OF BARGAINS IN TOWN!
LAMMERTS AUCTION ROGM Lanumury Broth - 2. Qona athan
Road Conted. Telephone No. 20024.
Jimmy's
BUTTERICK
Expert | Ladies Tallor.
New Style Ready Made Dresses FOR SALE. Hongkong 16, Wyndham Street” Tel. 23815
No. 10 Wyndham Street Established 1896.."
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