1940-11-23 — Page 9

HONGKONG DAILY PRESS

ITALY FACES NUMBER OF URGENT PROBLEMS

LONDON, Nov. 22 (British Wireless)-The economic situa- tion in Italy, although givin't no jaslication for the impression that the country would immediately collapse, certainly "aurgests that Italy faces a number of urgent problems.

1 NI

vegetarian Italy enn supply herself more or less with a staple diet of the country-and three meatless days are special hardship to the population.

CANADA'S WAR EXPENDITURES

Canadians Urged To Cut Individual Expenses

pur- than

OTTAWA, Nov. 22 (Reuters Canada's spending for war poses was probably more one Afth of the entire nation's income of Over $1,000,000,000 3 year, declared Mr. J. L. Alsley Finance Minister, in the Cana- dian House of Commons yester. day,

Mr. Hisley gave waming that Canadians would have to restrict

no

FINANCE & GENERAL

Finance and Commerce

MONEY AND EXCHANGE

A.P.C. STRIKE IN TIENTSIN

The wheat harvest is seriously CLOSING QUOTATIONS

inrumcient but the maize harvest

is exceptionally good and loat is

NOVEMBER 22, 1940

new generally made of the mix-On London:---

ture, which though of rather

poor quality is unrationed... The potato crop is normal.

Telegraphic Transfer. 7/ Bank Billa, on demand 1/2 7/S Credits & months" sight

Fats are rationed and coffee On Shanghai:

On demand

On Singapore:—

when procurable is "black" and the markets very expensive. Cly).

On demand ilan soap is rätioned and of the

On Japan:- there is a poor quality, while

On demand great shortage of clothing, the quality of textiles being very bad. Warmth in the winter is going to be a special problem.

Civilians are being allowed 20 per cent. of last winter's re- quirements. heating is not to start until Dec. 1, and a decree is issued that the temperature of the room must not be higher than 61 degrees. Italian coal supply of 12,000,000

On India:

Telegraphic and demand

On New York:-

Transfer.

390

52 3/4

105

ss 1/2

Bank Bills, on demand 23-1/4 Credfis, 60 days' sight 34 1/8 On Batavia:—

On demand.........

On Pari-

individual expenditure not only to tors annually must come by landn meet war taxation and help to from Germany, needing roughly 70

subscribe to essential. war Joana, trains daily, whereas in peace but to curtail their demands time, 8,000,000 of this amout came. for commodities which competed from Germany by sea, for labour war production.

›

and materials with Feeding stuff for cattle and ter- sers are scarce and for these heitaly has to compete with her Axls

to partner with Germany.

Since the outbreak of war, said, 356,000 had been added industry and 200.000 to the armed forces.

The effect there of bad bread, poor soap and cold rooms may at

discouraging to

De

the

43 1/2

Bank Bills, on demand Nom. Credits 4 months' sight Nom. Saigon:—

On demand

On Manila:-

In Bangkok!--

101

On demand

46 1/2

On demand

1-01/2

Sterling Notes:- Bank Buying Rate. Bar Silver per ca.

Nem. 93 3/16

Market Report

Dispute Referred To

Shanghai Office

CHINSHA RIVER NAVIGATION

AMBITIOUS PLAN

FOR REOPENING CHUNGKING, Nov. 22 (Central) TIENTSIN, Nov. 23 (Reuter)——An ambitious plan for the open- Negotiations regarding wages with ing of the Chinsha (Gold Sand) employees of the Asiatic Petroleum River to navigation has been Company's Hotung Installation mapped out by the Ministry of which was interrupted by a strike. Communications and will be put have now been resumed, the 'em into execution in the near future.' ployees having agreed to return to work pending the outcome of the parleys.

The employees struck during the weekend, demanding a double of their present pay and twice 'the amount of the company's earlier offer of 10 to 100 ver cent Uving

allowances.

The dispute was referred to the Shanghai ofice of the A.P.C.

WOOD OIL EXPORTED BY BURMA ROAD

The river, which traversea through Szechwan Yunnan, 81- kong into Chinghal, is being di- vided into dive sections for dred- ging purposes. Dredging of from Yiping in Szechwan Mengku in Yunnan, a distance of 500 kilometers, is to be started immediately, for which purpose an engineering office has been set up at Pingshan and a sum of $2,000,000 will be required.

the first section to

SATURDAY, NOVEMBER 23. 1940. PAGE 9

Poor appetite?

TAKE "BLACK & WHITE

THOSE WHO KNOW SAY,

IT'S THE SCOTCH.

CO-OPERATIVE NORWAY INVASION WAS

PLANNED FOUR YEARS

TREASURY

The Kwangs! Provincial Co~" An average on a nundred tons of Szechuen wood oil per day has operative Treasury was formally been exported from Chungking by established on Nov. 11 with. Mes- trucks to Rangoon since the rers Hwang. Wel and Chang Shih- unenink of the Yunnan-Burma chao as manager and assistant manager respectively. The or-.. Highway on October 18

This large daný export caused anisation is capitalised at $5.- FROM ROZA, BROS,

an-Increase in October of 3,549 000,000, of which $3,000,000 has quintal of tung cu, as compared already been raised, · Friday, Nov. 21.

with the total quantity sent out allver prices dropped 1/16 yes-rom the wartime capital during terday for both deliveries, the

September. quotations being 23.3/16 for both

According to an official of the sioner of Civil Affairs: Mr. Chen SHARE QUOTATIONS Ready arid. Forward. Silver ad- Ezechien Tung Oll Trading Com- Hatung, Cutrumissioner of Recon-

Mr. Isley expressed confidence! least in "our ability to match surpass the enemy's effort our people" are aroused."

HONGKONG

STOCK EXCHANGE,

and population, whose enthusiasm for once the war is not thought to be re-

markably high

SHARYBROKERS'

May

Sellers *Balen

Sambal

-FRIDAY

22 NOV.

1965 $1280

2001

... 210! 1/16

***

.

#185

$350

$1

Banks

H.K. Banky

Do. (Cal. Bag.) **** Do. (Loa, Reg.) Chartered Bank...... Marcantile Bka, “A”. Marcantile Bk. "C".

Bank of East Asia..... N. C. & E. Banka...... Insurances

Cantos Insurancas......

Union. InsurÀNCER................... Underwriters ......

$150 H.K. Fires..

Shipping

*#135. | DouglasES –

JH, Steamboata

$100 Indo-Chinas (Pref.)..

20

Indo-Chinas (Def)

367) Shells

$6.90 Waterhosts

Docks, Wharves,

Godowns, etc.

H.K. & K. Wharves...

$4.8 Providents .......

$18,40 H.K. Docks (Old)....T

$10

H.K. Docks (Now).....

#31+Bhanghai Docks.....

14/0

$31

Kailans

Mining

Raubs .......

1 et Hong Kong Mines.......

$3

Lands,, Hotels and

Brildars

H.K. & 8. Botel........

H.K. Landa....................................

$100 Do. 4% "Debentures....

#14 Shanghai Landı......

#345 15.K. Benlijos..

$7.10 Humphreys .....................

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

Cotton Mill

$44 Ewo (8.)

$185 S'hai Cotton (8.)... Zoong Sing (8.)..... Wing On Textiles (8)

Public Utilities

816 H.K. Tramways.........

$14 Peak Trams (old)....

$2.70 Peak Trama (new)...

ASSOCIATION

Buyer

Balers

$73

::

PATT

⠀⠀

Somina)

LEA

#1975

£72 £45

vices reported a quiet market with nothing doing. The American Market was closed yesterday.

The London/New York cross- rate was quoted at 403.1/2

MARKET

Steady.

STERLING

2951

Some business was reported at £101/3 for December ond also Jan- uary. The market closed at 1 p.m..with.sellers at 1/3 November/ December, buyers at 1/3.1/32 Cash and 1/3 February.

20 ct.

#195

$890

NO at.

$150

-135

U. S. DOLLARS

A transaction was reported at 23.11/16 for Cash. The market, closed at 1 pm. with sellers at $100 23.11/16 Cash, buyers at 23.3/4 $100 Cash. 25/7

$6.90

$801

84.00 $465

16

$16

$33

14/0

#8

!!

ii:

$3.35

$31

$100

34

*

$3.40

$7.15

#071 Star Ferries............ | $571

Y'mati Ferrion.

China Lights (0).......

$680 China Lights (New)....

H.K. Electrics (Old)...)

$37 H. K. Letilca: New).......

$17

$16

Macno Electrics (Old)) Macno: Electrica (New) Sandakan Lights.....

124 Telephone (old).......

Telephones (OW)....... S'pore Tractions(Ordi). Industrials

$14.90) Cald.; Macg. (Ord) 8.

Canton Josquin 50 obu. Cements

316 $% Loan

81%... (1994)

(1940).

Miscellaneous

Dairy Farms..

$1,80 Constructions (old),

$190

SHANGHAI DOLLARS Business was done at 398.1/2, 398 and 397.1/2, The market closed with sellers at 397, buyers at 307.1/2"

SHANGHAI MARKET Opened with sellers of Sterling

at 3.3/4 and U. 8. Dollars at The market closed at 5.29/32.

Noon with sellers of Sterling at 3.49/64 and U. S. Dollars at 5.15/16 for Spot.

7

AFTERNOON MARKET

The market was steady in, the afternoon, No - business

was ze

ported.

STERLING

The market closed with sellera $45 at 1/3 November and 1/281/32 December/February, buyers at $1251/3.1/32 Cash and 1/3 February.

U. S. DOLLABS

$16k $7.40

The Nazis pretence that they were forced to invade Denmark, Norway, Holland and Belgium to protect. Germany from the ag gressive designs of the Allies is exposed by an article by Per Nystrom in the Swedish newspaper Golesborgs Handels-Och Bjor forts Tidning.

Nystrom says that the practical work for the overrunning of Norway began as long ago as 1936, or perhaps even before then. He goes on to say-

་

In the autumn of 1936 pre-extracts of which later appeared The Board of Directors of the parations had gone so far that the even in Swedish newspapers, Treasury includes among others then War Minister of Germany, From that moment the German Mr. Cháu Chang-wei, Chimmis. General von Blomberg, thought the Fleet began to carry out systema time ripe to find out what bases tic exercises near Norwegian terzi- torial waters, and every now and could be set up.

Gaining the permission of the then entered "actual Norwegian. Norwegians for a pleasure trip territory. during October "(when the autumn In the spring of 1937 two light storms had already begun) he cruisers passed without permis visited a number of places. sion, and without a Norwegian

With him were twenty higher pilot, through Karmsund, a diff

cult strait between Hangesund and Įmilitary officials.

Karmoya.

pany, no less than 12.000 tons of struction, und several other high wood ell has been purchased by officials of the Kwangsi Provincial the company from June to the end Government-(Central News of last month. The total tonnage

is expected to reach, 15.000 by the end of the year.(Central News).

H.K. STOCK EXCHANGE

Mosco

On

.

Exhibition Modern China

MOSCOW, Nov. 22 (Central)----

Attention was attracted by the

At the end of July four German c An exhibition devoted to Modern fact that the Minister's pleasure" China has opened in the Lening-boat sailed into Narvik, permis-minelayers suddenly sailed into

rad Museum- under the auspices of

the Academy of Sciences of the son to visit which had neither The past week was the most U.S.S.R. Great public Interest is neglected for sometime and the shown in the collection of anti- turnover was very poor. It was Japanese placards. leaflets, news- featureless and it seems that tra- papers issued in Japanese occupied ders are marking time for some towns, and a series of rare photo-German favourable factors.

- BUSINESS DONE DURING

THE WEEK. HK Banks, 31275. Union Ina, $305, Wharves, $89). Docks (0), $10.40. Reales, $345. Tramways, 316). Lights (0), 37.

Eectrics (0), 895,

Macao Electrics (0), $173. Macao Electr'es (N), $184. Cements, $18), $16.55,

$16.65.

Ropes, $8.60. Lane Crawfords $9. Win Powells, $1.

BOYERS

Bank of East Asa, $73, Yaumati Ferries, $22.50, Lights (0), $6.30, Ropes, '$0.40.

Dairy Farms, $17.50 Wm. Powells, $110, Entertainments, $8.60.

SELLERS

Sellers at 23.11/18 Cash, buyers HK Banks, $1280. $3.70 at 23.3/4 Cash,

$282

SHANGHAI DOLLARS

$3.80 379 sellers, buyers at 397.1/2.

SHANGHAI MARKET

$860

$372

$37

$9.00

3.49/64 for Sterling and 5.15/16

U. B. Dollars, both sellers for Boot.

Shanghai Exchange

Shanghal, Nov. 22 (Reuter). „Offelal TT. Rates ar

Opening

$12.

Cald. Macg. (Prel.)6.)

#1

$18,65

#16.06

$6.60

By

H.K. Ropes

$18.65 FUL

London New York

H.K. Gort›› Loans |

Japan: Indla

SA*),

Hongkong

$

$95

194

Sterling

$17.60

IR

$8.00

$6.50

$1.85

Bpot

-$1:

Nov.

Constructions (new).....

19

Lane Crawfords.... ..

$9.10

Dec.

•

Nanyang Tobacco.....

#3.20

$1.15 Sincerest

12.30

TA.

Watson1.....

$0.85

Spot

35/

Chi-G.5%-1925 GS Eda.

Νατά

-B-15/16....

$39

1.K. Wing On'........

139

S'hai Wing On

$14

DEG. min

5-15/16

Entertainmeats

Vibro Pilog

7/6 Marstons Inv [Lon."

Maramana lov. (H.K..)

Wm, Powillies.............. "+Sale to Bhanghai

3/0

.0/3-11/16

5-3/4 - ⠀

24-3/8

20-3/8 N 24-1/2

Sellers Opening, Closing 0/3-49/64 0/3-49/64 0/3-43/64 0/3-40/64 0/3-49/64 0/3-1/4

U.S. Dollars

$5-15/16 -1935-15/18:

5-15/16 5-29/32

Market:-Quiet but steady,

Calcutta Exchange

Calcutta. Nov. 21- (Heuter);

T-7: On Japan, 81-1/4"

Docks (0), $16.50.

Vibro Piling, $8.

. $164.

been asked nor given,

The notabilities of the little town, flattered by the visit, arranged a social trip for the officers along the

the permission of the Norwegian. the roadstead of Bergen without

Defence Department.

During this summer Witalis Pantenburg, a well-known Germani military writer and engineer, showed such an interest in the harbour of Narvik that he was ex- The Norwegian-General-in-Compelled, despite the wamr_recom- ing in Japan and another of a mand, Erichsen,, thought this re-mendations he held from Colonel Chinese partisan detachment." connaissance worthy of a report. Sundlo, commandant of the town.

graphs, including one of Buddhist

monks undergoing military-train-

Iron-ore railway.

PRE-PAID ADVERTISEMENTS.

The following classes of advertisements are charged at the price given below pain. STTUATIONS VACANT. HOUSES AND APARTMENTS WANTED.

HOUSES AND APARTMENTE TO BE LET. MISCELLANEOUS WANTE

Announcements not exceeding 25 Vords are inserted under this reading at a Fre-paid

If Charges collected, $2.00. Fate of 81.50 for THREE 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.

TH

WE OFFER HIGH PRICES for any amount of gold articles, diamonds, sliver, etc. No holidays.

SEVERE ITALIAN Apply China Building, 7th floor.

LOSSES

Successful British Action In Sudan

Tel 38727. Eurasia Gold Renning Co.

WANTED 'KNOWNĘ

ORDERS TAKEN for hand-made- CAIRO Nov 22 (Reuter) Suc

sweaters, Ladies' jumpers, Babies" cessful British actions against the outfits, etc, at $5.00 each for Italians both in Sudan and the

workmanship.

Western Desert are reported by Wool and model desired, to be the British G, H. yesterday, suppiled by customer..

In the Gallabat, ares serious Seud particulars of address, etc.. fosses were inflicted by a British to Box 502, HK.D.P. patrol on a numerically superior

Italian patrol. :

Tha"WE" have an

outstand-

In the Western Desert, In an ac- tion by a British advanced recon-. noltring detachment on Nov. 19. lng assortment of latest American five Italian tanks were destroyed dresses for all occasions and price and six severely damaged,

to suit all purses. Call at "Vanity Bren guns, equipment and lor Shop" (Lazars) Fedder Street. ries were captured Ten Italians and Libyans were also captured walle, definite proofs available

were kiled,

that 108-en

Experienced Book-keeper Wants Students to form a class. Guaran casualties tee students to keep a whole set of emy in killed books after completion of a course and wounded will be appreciated months, For Term and Par from tuis evidence, says the com

“The exte austai

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 Beeds VITANS Ficture Booka

Flesse. Apply

to:

Bor

Ho HKDP

No 10Wyndham Street Established 1896.

Honi

TEA DANCES

adays Thursdays

Saturdays

Sundays

5 to 7.30 pm.

· ENGRAVERS.

FEI FEI & CO, Photo Engravers

18. Cochrane Street,

Telephone No. 22224,

AUCTIONEERS

GREATEST COLLECTION OF BARGAINS IN TOWN!

it'

BOHAM

LANIMEKTS JECHON Lammert, Brawl 10 CNN, K

Bush Cotte. Tetaljoni Ma

Jimmy's

BUTTERICK

Expert Ladies

New Style Bendy-Madey.

FOR SALE

16. Wyndham Stresti / TJ 29015,