1940-11-22 — Page 9

HONGKONG DAILY PRESS

Finance and Commerce

IMPORTATION OF Canadian War

SILK INTO AMERICA

Production

MERCHANT SHIPS FOR GREAT

BRITAIN

DEVELOPMENT COMPANY TO BE LAUNCHED

Capitalised at $100,000,000 the projected Szechuen-Sikong

De.. velopment Company is expected to be established shortly. The

WASHINGTON, Nòv, 21 (Reuter) -The United States Maritime Commission yesterday ordered nine steamship companies, including six Japanese, to immediately cease importing silk into the United Negotiations have been completed mental States and allegedly falsely billing for the construction in Canada: of

pris: it as cotton or other material.

FINANCE & GENERAL

U.S. Warned Against Inflation: General Motors Chief's Views

NEW YORK. NOV 14 ALFRED P. SLOAN. PRESIDENT OF GENERAL MOTOBS, warned that the national defense programma would hasten almost certain indation during, a speech last night to the Academy of Political Science, "-

"The economic effect of the national defense programme is of transcending importance," he declared, "The total national Income si inception of the programme was approximatel? $16,000,000,000 and fri all probability we could incre's so that at present price levels to $85,000,000,000...

OTTAWA, Nov. 21 (Reuter)-company will be a joint govern- "America is working shorter

and

commercial

enter.

com

The Central Government has

18 large merchant vessels for Of the capitalisation, $40,000,000 The Japanese companies involv- the British Government. They will will be government shares, while ed included the Nippon Yusen be built on the St. Lawrence River the remaining $60,000,000 Kaisha and the Mitsui Bussan and the Pacific Coast. »

mercial shares open to public sub Kaisha

Announcing this in the 'Domi-

scription. The Commission charged that non House of Commons Mr. the carriers purposely kept them. C.D. Howe, Minister for Transport, selves ignorant of the true charac-stated that production of war ter of the goods shipped because essentials in Canada was in upon the true billing of silk would any cases well ahead of sche have immediately resulted to the dule. loss of business to those steamshi unes.

RESERVE BANK OF INDIA STATEMENT

Calcutta, Nov. 20 (Reuter),

Nov. 8 Nov. 15

Notes in circulation (including Notes held in the Bank-

ing Department). 25,559 25.571 Rupee Coln and Bul- ·

lion in India ........ 3,006 3,017 Gold Coin and Bul-

Kon in India 4:441 4.441

Securities (Indian

hours

than any other nation. Output can. be increased 20 per cent, by working six days instead of five. It seems clear that this should be the first step if the point is reached when stack employment bas been taken up....

ECONOMIC DANGER

FACTS ABOUT CANCER

The

cause of a disease doesn't have to be known in order to treat It effectively. Long before physi-

decided to subscribe $30,000,000 of "The most striking economic clans knew the cause of malaria the government shares, while the danger is inflation. This is certain. quinine was effectively employed Szechuen and Sikong Provincial that "Indation with ah its dis-in its treatment. And mercury Governments will be responsible astrous consequences is an in- was used for syphilis before the for $7,000,000 and $3,000,000

consequence res escapable

of the germ of the disease was discover- pectively.

fatalism of the day and unfor. ed. Pending the commercial shares tunately the defense programme It is more dimcult to prevent a being fully subscribed, the gov serves to accelerate its coming." disease than cure it when the be ernment shares, are to be paid! Thomas Y. Lamont, former part. 'cause is unknown.

"First, in order to enable the ner in J. P. Morgan Co. and prom

The ultimate cause of cancer is banker. warned still unknown, but doctors know Japan that she was facing a disas that cancer can be produced by trous course as a result of political many specinc agents. changes in the past 10 years aimed at milltary conquest.

Mr. Howe predicted that in- dustrial production would reach its peak in the next eight months

would shortly and Canada making practically every type of gun being used in the present

war.

Substantial tank production was expected early in 1941 and shell production was being increased at the rate of 2,000,000 a month.

LONDON METALS

EXCHANGE

London, Nov. 20 (Reuter). Tin. Standard, Cash, Middle

Government). ...... 4,962 4,982 Price, £258. Securities (British

Tin. Standard, 3 months. Middle

Government)....... 13,150 13,150 Price, £259-7/8. (Figures in Lakhs of Rupees).

Market steady.

HONGKONG SHARE QUOTATIONS

SHAREBROKERS'

company to be formed and start inent American business at an early date.

PRICES FIXED IN HUNAN

Measures Also Taken

Against Hoarders

One of the earliest observations regarding the origin of cancer was PURSUE PEACE

made by Dr. Percival Pott (1713- Speaking at the Academy or 1788). He found that chimney- Political Science, Lamont empha

sweeps were especially able to sized, however, that it was not too cancer in the groin region. This late for Japan to change her initial observation established that

course and seek to pursue peace the disease cancer is local in origin

FRIDAY, NOVEMBER 22, 1940 -PAGE:

SAY

Gordon's

...and know what you're drinking/

GORDONS

DRY GIN

LONDON

NO COLOURING MATTER

NO INJURIOUS INGREDIENTS

Smooth Highway Traffic

In North-West

Highway transportation in the North-west is being carried on smoothly, according to Mr. Chang Kia-ngau, Minister of Communi- cations, who returned to Chungking after an extensive tour to the North-west to inspect highway and rallway traffic there. .:*

Mr. Chang, Who,, set uut from Chungking in the beginning of ́Õ¢- TRAVEL AGENCY IN tober, covered Chengtu, Tienkhal,

HONGKONG

Lamont insisted that he spoke as that is, it arise at a given point. Japan's friend, but world condi.

SINGLE WARTZ CHANGSHA, Nov 21 (Central) tions necessitated adopting a rea- Purther stern measures-av-listic attitudë......

D-Pott-also found that the been #nnounced by General Esuch The Japanese people, he assert- disease evolved slowly and imper- Yoh, Chairman of the Hunaned, do not, want war with the ceptibly from a single wart which Provincial Government, for the United States. Lamont pointed out resulted from prolonged contact stabilisation of commodity prices. that the China war was absorb- [of 9oot (from chimney smoke)

Landhow, Shing. Llangehow, Stan, Loyang, Paochi, and other places The highest price of rice is not ing vast sums of Japanese finan-with the skin,

In view of the importance of and had a close study of the to exceed $15 per municipal shin ces, had created soaring taxes and Later it was shown that the goot Hongkong as a center of transit transportation conditions on the Baluromiast and of grains not to exceed 17 per caused gold supplies to dwindle acts not as mechanical irritant, for overseas Chinese and in order Szechwan-Shensi. Stanchow and He advocated continued United but rather that the fatty secretions to facilitate their travel between south Shenal highways and also on The urices of all daily

States help to China, Feces-

of the skin dissolve out of the Boot China and abroad, the Fukten the Lunghai Railway. saries other than rice will be re- BRITISH RESISTANCE

chemical agent which, Provincial Bank is shortly open:- He revealed that as a result of duced by 10 per cent. on the 15th

"We should realize that as long though present in minute qualities, ing here an agency of the Chung-the tour, he will make efforts to £86 of every month for four months, as Britain holds out, Japan does is adequate to initiate a cancer nan Travel Service, a subsidiary develop further the transportation

taking those on Nov. 14 as the not dare to attempt much,” he growth. maximum.

of the bank. The agency will be business in that region, Aside from declared. "British resistance

In the latter part of the eigh-attached to the Hongkong Office improvement and replenishment Hoarding is to be strictly pro- the one hand and at the same teenth century, it was discovered for the bank and active prepara of vehicles on the highways, atten 20 ot.hibited. Hoarders, when found, time maintenance of, her, control that workmen employed in plants tions are being made for its tion will also be paid to fuel sup-

will have to sell their commodities in the Atlantic has become the distilling volatile oils from wood early opening.

were subject to cancer in the lower

STOCK EXCHANGE,

ASSOCIATION

Buyers Bellar

Balan

Nomin

THURSDAY 21 NOV.

Anger

Ballers

Banks

11278 H.K. Banke

£72.

£86

Do. (Loa. Reg.)

£71.

25

Mercantile Bks. “A”.

$73.

***

*******

HHU

****

Do. (Col. Reg. ....

Chartered Banks :.....

... 210 1/18 | Mercantile Bk. “O”.

Book of East Asia...... #73

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

Insurances

$16

#185

$390

Cantos InmFANCE................ Union Insurances.

$390

Shipping

Underwriters

$180 H.K.. Fire...

$135 Douglanes

Steamboats

$100 Indo-Chines (Pref.)..

$80 Indo-Chinos (Def.)

35/0

Shella

$8.90 Waterbnati

311

14:

$1975 £79

FLE

225

£101

$125

municipal shih

INCREASED WAR RISK RATES

one

an

at 10 per cent, discount" to the pivot of American security on, both

Commalttee sides of the hemisphere. There Price Stabilization 60 ot. which will re-sell them to the fore, constantly increasing ma- $150

public.

terial. ald to England is the num ber

route whereby Japan's threat to -America can be rendered null and vold.","

Lamont urged that the U. s. government clarify its Far East policy, after which the American business world would follow sult. He simultaneously insisted that Netherlands East the welfare of Singapore and the Indies deeply concerns the United States.

TRIPARTITE PACT Discussing the tripartite pact, }

$138

$100

$100

35/0

€6.90

Docks, Wharves.

·Godowns, etc.

9.K. & K. Wharres....

889

$4 60

$10.40 H.K. Docks (Old)....

$18+

$18

HE. Docks (New)....

$16

$33+

14/0

18

$4.60 Providente

191

$33 +Shanghai Docks....

to

1 ct

$31

1100

Kailans

Mining

Raube Hong Kong Mines...... Lands, Hotels, and Buildings

H.K. & 8. Hotal........

$3.35

H.K. Lands...........

131

Do. 4% Debentures....)

$100

11.70 Shanghai Leade

***

$3.45 H.E. Realtien..

13.40 $7.15

***

$7.10 11amphreys

$100 Chinese Estates........

Cotton MI,

$45 Ewo (8.)................. 8165 S'hai Cattons (B.)... Zoong Sings (8.)..... Wing On Textiles (8.; Public Utilities

H.K. Tramwaya........

$7.40 Pask Trams fold)....

$3.70 Peak Trams (new).

3574 Star Ferries...........................

Y'mati FerriON..........

(Reuter)

LONDON, Nov, 21 The rate of premium for Govern- ment. war risks insurance of com- modities scheme has been 3d- vanced trom 5s, to 7s Bd. per cent. per month.

The rate is revised quarterly. The present increase reflects the intensification of air bombing Lamont declared that "Japan, in but it is

still 28. 8d. below the fact, got the worst of the bargain rate fixed at the beginning of the with Germany so it is high time War.

FOOD CONTROL BUREAU

rnat Japan had regard for her niminishing financial

strength. economy

Before the country's meets disaster she should turn back from the inevitable road to

"Japan must abandon once and for all in the Far East the Nazi

some

|ply, he said-Central News),

The main functions end of the gastro intestinal tract agency will be to

of the answer and in the region of the groin.

Existence of foot and meeth,. In- quiries, furnish information and disease was carirmed among- cat- Subsequently, it was found that advice regarding travelling faci- tle and pigs at Wibsey, Bradford. workers handling crude petroleum litles. arrange to secure passports The area ribject to restrictions and some refined offs, and workers and buy steamship

or railway lies within the counties of Lanca- handling hot tar, were also subject tickets, and handle remittances shire and the West Riding of

and deposits.

Yorkshire.

to cancer.

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 THREE INSERTIONS,

WANTED TO BUY

Upun the recommendation of ruin. the National Food Control Bureau the Executive Yuan yesterday up-

WE PAY HIGH PRICES pointed Mr. Wang Chi-shin, Mr. theory of racial supertority and for all gold and silver articles. Yang Pin And Mr. Wu Chun-but the idea of 'Asia's new order. gold bars, diamonds and jewels. Director and Vice-Directors of Japan must realize that China is Apply China Gold Refining Co. #115 the Honan Food Control Bureau bound to become and remain free Pedder Building, and door, Room 0.

respectively.(Central Newl.

€15

$190

$164

$7.40

13.70

$574

$22

$6.90

HK. STOCK EXCHANGE

38,60

China Lights (New)....

$6.60

$37

HK. Electrical Now)... 3374

£174

Macao Electrica (Old)]

#101

Macao Electrics (New)]

311

Sandakan Lights......

7 Chins Lighta (0).....

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

$10,65

$6.40

1841 Telephones (old)......

Telephones (DOW).... S'pore Traction (Ord.)) Industriais

$14,90 Caid., Macg. ((Ord.) 8.) $12

Calda Macg. (Fref:)8

Canton Ices.

Cementa

H.K. Ropalestesente

H.M. Gort Lan

(1934)

898

4% Loan

(1940).

234 91%

$3

Miscellaneous

817 Dairy Farms.

Entertainments.....

$1.60 Constructions (old)..

1.

150 ota.

$9.60

11

16 $0.60

98*/.

Market remains quiet.

BUYERA

Bank of East Asia, $13, Providents, $460.. Yazmati Ferries, '$22,50. Ropes, $8:40.

Wm. Powell #17 Entertainments, $8.60.

SELLERS

Ropes, $8.60. Vibro Puling, 18.

SALES Cements, $18.65. Ropes, $6.60.

SHAREBROKERS'

ASSOCIATION

$17.60

$8.80

$8.co

HONGKONG

$1.85.

BI

Construction, {naw)...

$8

Lane Crawfords.

19,10

-

Nanyang Tebaoca..

Ja.20

$9:15❘ Sinceres

Watsons

3220 39.70 35/a

SALES

$14

Cements

China Forvidents

BK Ropes

#91

35.CL. G.6% 1925G3Bd.

#39 LK. Wing On

B'bai Wing On ::..

Vibro Palingming Maramans Inv. (Lon. Marmans Yav. (H.K.1)

*Wm. Powells.

tSale to Shanghs!

7/0

99

Volume of Business Transacted on Thursday, Nov. 21, 1840,

500 $18,65

500 4.65

1,000

(8,60

$2,000

The total value is $17.156:00,-

and Independent, that she has a great destiny before her, that she desires friendship, not enmity,

bour."

to

with her more aggressive heigh- WE OFFER: HIGH PRICES for any amount of gold articles, Lamont asserted that this désire | diamonds, sliver, etc. No holidays. see United States-Japanese Apply Chins Building, 7th Hoor. cooperation was founded in irferid- Tel. 30727. Eurasia Gold Redning ship for Japan. He advised a can-Co. tious policy which, should not be misinterpreted for appeasement. China he added, is invincibly determined" to drive Japan from China and as a result deserved more material aid.

SILVER MARKET

LONDON SILVER London, Nov 20 (Reuter)," Silver-Market quiet and feature less. Business negligible. In the afternoon, the market was very quiet with no business.

Spot, 23-1/4d.

Foward, 23-1/4d,

BOMBAY SILVER

WANTED KNOWN

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

Wool and model desired, to be supplied by customer.

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

That "WE" have an outstand- ing assortment of latest American dresses for all occasions and price. Bombay, Nov. 20 (Reuter).

to suit all purses. Call at "Vanity Offlake 50 bars Shop" (Lazarus) Pedder Street.

Market Quiet,

Rendy

Indian Mint Silver

Nov, 26 Bettlement Dec, 27 Settlement

81-11- 61-112 -81-12

LONDON GOLD

Tandon Nov 30 (Beuter) Bar Gold, Fine per oz. 168/

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 months. For Term and Par- ||ticulars. *Please Apply to Box

No. 162/o HKDP

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 suít in 24 hours notice and 6 hours for a pair of 'trúusers.

Just Received Stanley Gibbons Postage Stamp Catalogues

Horbs

1941

Whole World

Part I British Empire Part II Foreign Countries Simplified.

GRACA & CO. Dealers in Postale Stamps, Flowers and vegetable Seeds Picture-Books

No. 10 Wyndham Street Established 1896.

-TEA DANCES Tuesdays

Thursdays-

Saturdays

Sunday's

5 to 7.30 tp.m.

ENGRAVERS

FEI FEI & CO. Photo Engravers 18, Cochrane Street,-- Telephone No. 177934.

AUCTIONIZES

GREATEST

CUTELECTION OF BARGAINS IN TOWN!

LAMMERTS ACUIHIN BOCAL Lammert, Brefter. 2. Chri

Telephon + 2 2.3.

Jimmy's

BUTTERICK

Expert Ladies Tallor,

New Style Ready Made Dresses FOR SALE.

Hongkong, 16, Wyndham 8trout Tel. 23813