1940-11-25 — Page 9

HONGKONG DAILY PRESS

FINANCE & GENERAL

P.I. HIGH COMMISSIONER HONGKONG SHARE QUOTATIONS

LOOKS TO ULTIMATE TRIUMPH OF DEMOCRACY

TWENTY-TWO YEARS AGO TODAY WE THOUGHT, AT LEAST IN OUR GENERATIÓN, WE HAD DONE WITH WAR. said Mr. F. Sayre, U. 8. High Commissioner for the Philippines. in an Armistice Day Speech in Manila. Today the world is being torn to pieces in the most titanic, the most cruel, the most terrible war of all tims

#

The war to end war", which we helped to win has proved to be only the prologue to the mat devastating struggle in his. Lory. Our woria today is confronted not only with unparalleled physical tragedy and muffering but with disillusionment. collapse of hope.

ΤΟ YOU WHO FOUGHT THROUGH THE LAST WORLD WAR, who offered life and all that is precious, as we believed for a great cause, what shall be said? Was it all futility?

FANTASTIC CHARGES Stripped of romance and Ideal- ism, was it, as has been charged in recent years, merely an enter prise promoted by bankers and profiteers for selfish gain? Were we dupes and pawns and did we gain nothing of worth to hand to our children's children?

and

With this enormous power, we cannot, even if we would, remain spart from the rest of the world Our very inactivity is as deter.

minative of the destinies of na- Hons as our activity. We do not desire to concern ourselves with the political affairs of Europe. But we

are most emphatically concerned with the kind of world we ourselves must ve in follow. the war: and that will depend vitally upon who wins.

FAILURE OF ISOLATION

As we look into the future we

want to

the profit from

Surely it is unnecessary for me shal

of the past. Twenty to give the Me to such mendacious mistakes

ago there were divided fantastic charges as these. years and

Whatever men may know and

that counsels tu You

I know America went into the last war'argue about America's entry into with her eyes wide open, counting the war bo one can deny that in 1919 when the peace came to be the cost. determined that we

America had reached the should have a Dart in the great made fight for the defence of demo-very pinnacle of her power and and human freedom.fluence and prestige in the America's assistance, given through counsels of the world; and no ens you and men like you, was substantial and determining far tor in the winning of that war.

SACRIFICES NOT VAIN

cracy

2

It is true that in spite of our

san deny that America's refusal after the war to participate in the world's efforts, to co-operate for permanent organized pears spelt the abrupt loss of her powerful Influence and helped to bring

victory, the enemies of democracy about the rampant unbridled na- whom we vanquished in 1918 are tonalism and breakdown of or- today infinitely more powerful

xanized co-operation which paved than they were in 1914 It does

thë way to the present interna- not follow that your sacrifices tional chaos and catastrophe and the American Hives laid down

CLEAR LESSON,

in France in 1917 and 1918 were vain or rutile. Had we not step- Surely the lesson is clear. The ped in in 1917. had the German policy or isolation and aloofness forces actually won the first world which we followed after 1919 ier war, there might today be left no to disaster, power to

defend democracy

and

If there is to be tasting peace, perhaps no democracy to defend. there is only one way.

The present

were 1t

а

war differs from that as a result of modern methods

through all former ones. It is a total of life peace

single Larian. war. There is not a na- world empire a Roman peace- tion in the world, great or small, even

desirable, is, ne the lives of whose Individual citi- longer practical or possible. We rens will not be "vitally" affected how now through our own bitter by whether or not Germany wing experience that peace through a this war. The present war is not, delicately poised balance of power like most former ones, a mere is no longer practical or possible. struggle for racial or commercial ut national ascendancy.

STOCK EXCHANGE, ;

Buyer

Sellers Sales Nominal

+ ::

$73

HILI

$22,

31380

278

Zebé

SHAREBROKERS ASSOCIATION

SATURDAY 23'NOV.

Banks

H.K. Banks.

Do (Cal. Reg.), ........" Do. (Lon. Reg.) ..... £71 || Chartered Banks ....... F25Mercantila"Bku. "A"..

... £10 1/16

ན ཉིའུ། ཤྲྰི།ཝཾ་རྐང་རྔ་

Mercantile Bk. "0".

Dopr

Sellers

434

$1975

£75.

Bank of East Asia... $73 N. C. & B. Bankı...... Ensurance

185 Canton Insurances.

Union InsuTRIČOM. ............... Underwriters ..........

***

$1

$150 H.K. Fires.....

-Shipping

$135 Douglases

$100

$80

35/7

Steamboats

Indo-Chinas (Prof.)..

Indo-Chinas (Def.) .....

Shells

$8.00 Waterboats

Dockt, Wharves,

Godowns, etc.

H.K.K. Wharrea...

H.00 Providents

$167

$16

iti

H.K. Docks (Old) HK. Docks (Naw)..... $92+Shanghai Dock.......

Mining

1140 Kailane

Raube

cta. Hong Kong Mine.......

" Lands, Hotels and

Buildings

$100 Do. 4% Debentures..........”

Shanghai Lands...

11 A

$31

H.K. & S. Hotels....... H.K. Lands.

$31

3.46. K. Realties:

83.40

37.10 Thumphreys

$7,15

$100

Chiness Estates.

HI

Cotton Mills "Ewo" (5.)" w

8165 S'hai Cottons (S.)... Zoong Sings (S.)......

84.85

#161

H+

****

iii.

!!!

1563

OF

EXPANSION COD LIVER OIL PROCESSING

The war has brought a rapid ex- pansion of cod liver oil processing in Canada. Up to a year ago 76 per cent of the cod liver oil used £96) in Canada was imported. With the 10 occupation of Norway, the main source of supply, it was decided to develop the Canadian Industry In urder to offset the shortage.

-

20 ot.

$185 $390

The progress made to date gives 80 ot. promise of ultimate self-suffle- $180 lency, Sixteen new cod liver oil plants are now operating on the; $135 Atlantic Coast and eight plants ¡bave enlarged their facilities look- $100 $100 ing to un increased output. Intal 25/7production of cod liver all this year $8.00 15 expected to be approximately 200,000 gallons compared with a production of 63,000 gallons in 1938 and

8901

$18

#33

J

100

#8

56,000 gallons in 1939. This oll is suitable for use as medicinal joll or as a feeding all for livestock

and poultry,

In addition a production of low- grade cod liver oil known in the trade as "commun vod all" and suitable only for industrial uses amounting to 109,000 gallons $3.35 1938 and 120.000 gallons in 1930.

will be obtained. $300

-----

It is expected that 100,000 gallons. of medicinal cod liver oil will be. produced by the three refining

MONDAY, NOVEMBER 25, 1940. -PAGE.

If you Value your Health-

Insist upon

Gordon's GIN

NO Colouring Matter No Injurious Ingredients

plants equioned to produce this TRANS-CANADA

type of of

In addition to the Increased 10- AIR LINES:

190duction of cod liver-oll on the east-

ern coast, there has been a mark-

$125 ed Increase the production of NEW CRAFT

[feeding oils composed of fish oils

produced on the west coast.

DRYGIN

LONDON

BRITISH MEDICAL ASSOC. MEETING

A general Meeting of the Hong-

kong and China Branch of the Bri- tish Medical Association is to be To cope with the Increasing held in the Council Chamber, Post traffic on the Trans-Canada Air Druce Building, at 8.15 p.m. on Steps are under way to secure Lines, six new aircraft have been Thursday November 22. The speak- more adequate laboratory testing ordered by the company. The er for the "evening la Dr. G. H facilities for vitamin oils. Already

new planes are *Lodestars' or Thomas, Senior Medical Superin- 8890 a laboratory for the testing of Eighteens, and are larger than tendent, Ting Wah Hospital, who $8.60 feeding oils has been established the present fifteen Lockheeds or will give an address entitled: 887 by the Department of Agriculture Fourteens' now in service.

Wing On Textiles (8.) Public Utilities

$16

H.K. Tramway....................... $7.40 Pank Trans. (aldi........ $3.70 Peak Tranis (new)... 1572

$16.40

$7.40 83.70

$8.90

Star Ferries............. Y'mati Ferries. Chins Lights (0)...... $8.60 China Lights (New).. $38 H. K. Electrica ('Olli... 37 H. K. Electrica New).

1573

·8297.

$17

Macro Electrics (Old))

$16

Macao Electrica [Now)

$24

Telephones (old).........

101

Sandakan Lights........

Telephones (new).i] S'pore Tractions (Ord. 1) Industrials

$14.90| Cald., Macg. (Ord.) B. Cald., Macg. (Pref. 8.

#08 14% Loan

Miscellaneous

Dairy Farms....ma Entertainments

$1.00 Constructions (old).

Constructions (now)..."

50 ota

$37

at Ottawu.

SÄLVAGE RIGHTS

*u{.

·*

$9.50

$16,65

101

08*1.

H

Delivery of the planes will be made before the end of 1940 and they will be used in transcon- |tinental service and on the route Toronto, London snd

"Reminiscences of the past thirty-three years at a medical student and doctor in Hongkong, with special reference to the Tung. Wah Hospital."

An Act to amend the law with between

On behalf of the Council of the respect to the right of the Crown Windsor, and will have accom. Association, Dr. P. 8, Belwyn- to claim "salvage is published for modation for 14 passengers and a Clarke, President, desires us to general information in the Gov-crew of three. The Lockheeds state that all registered" medical practitionem ini Hongkong will be ernment Gazette. The Act was carry passengers: passed in July, 1940. N

The new planes, like the old cordially welcome. It states that where salvage ones, are all-metal mid-wing mono services are rendered by HM planes and are equipped with all the It has a cargo capacity of 190 cuble ships, aircraft or other property, latest instruments for modern feet and will carry 644 gallons of the Crown may claim" salvage for scientific flying. All modern cum-gasoline and 44 gallons of oil,» such services as an ordinary sal-forts of flying also are provided for The powerbouse of the new vor. A requisitioned ship shall be the passengers. ...

planes consist of two Pratt and regarded as H.M.-vessel for this Nearly 50 feet long, the Lode-Whitney twin-Wasp gines each purpose unless it is previously star' is about five and a half feet [developing@ 1,200 korsepower at 8.10 agreed that the salvage earned 15 longer than the Lockheed, while take-off, as compared with the 850 for some other person than Hls the wingspan is the same, 631 feet, horsepower engines in the "Four. $2.30 Majesty.

and the height 11 feet 10 inches. Įteens". $9.65

$12

We know

#1

Canton Ices.....

$18

$164

Cermenta

$6.40

H.K. Ropes.

HK, Gort, Loans

$3431%- (1934)

#94

%

(1940)

8171 $6.80

***

#174

$6.00

1/7

$1

19.

Lane Crawforda......... Nanyang Tobacco...... $3

$2.15 Sinceres

Watsons...

35/

Cb. 0,6% 1925G § 3da,

$3A

LK. Wing On cont

S'hai Wing Un....

Vibro Piling

Under nodern conditions - the" only peace that can be enduring is

peace effected through organis=" THE PRESENT STRUGGLE

ed co-operation in which no na- It is a struggle to determine

tion is supreme or attempts to whether or not henceforth indivi- dual men and women throughout consenting, but one in which all, impose Its will upon others un- the world are to be free to live

equally sovereign, participate and neir own lives according to their bulla up effective international UWIL conselences or whether they restraints by common consent. must live according to the un- conscionable orders of another.

It is a struggle to determine whe ther or not the social restraints legal, humanitarian, moral, reli gious-upon which through the

PRINCIPLES WILL TRIUMPH Whatever the outcome of the present war, of one thing I am

sure. The great principles, that

we fought to defend in 1917 and 1918 wi ultimately triumpa. centuries we have been learning whatever temporary victories Ger- inay gain, melther Germany nor any other nation

be

to build civilization, shall eliminated 50 as to allow the

дып

strong to take what they desire can endure so long as it is built by the sword unhindered by com-upon a dental of the rights of the punctions of justice of humanity. individual to think and to speak It is a struggle to determine whe-| ther the fundamental principles act according to his own conscience/-40. long as it resta to which our nation is consecrat-

́upon nothing but artred force. eddemocracy-and-individual,

Lasting power cannot be bullt liberty--can or cannot survive in

upon evil. Power in the last

a world such as that in which w analysis rests upon the ability to

live today.

CAN'T SIT IDLY BY

men

command the support of indivi- | dial men slut women; and human

V

$9.60

7/6 | Marimata. Izv. (Loui

2/9

Marumans Inv. (HK)

$1.19 Wm. Powells.....

'+Sale to Shanghai

FEDERAL RESERVE SYSTEM

· NEW YORK, Nov. 21 : (Reuter). Nov. 16 (1939) Nov. 14

Bills Bought

US Securities held

Federal Reserve · Ratio

Federal Reserve Credit Outstanding. Monetary Gold Stocks

Industrial Advances

HK

STOCK EXCHANGE

The short session this morning

BUTERS

Bank of East Asia, $73. Union Ina. $300, Humphreys, $7.15. Trams, $18.30,

All of us abhor war. The pro beings are inherently attracted by calls for no particular comment. tound desire in the hearts of the wood and the true and full American

and women'pelled by selfishness and cruelty throughout the nation is for peuce, and evil. Good is a cohesive force The cardinal objective of American which binds Deople together to foreign policy is the building for work for a commun end. Therein enduring peace.

is atrength, Evil and self-interest Unhappily the way of life which are disruptive forces which split Germany is wrecking Europe to peoples apart. Evil- carries with it establish is fundamentally based the seeds of its own destruction. upon the utter disregard of other STRENGTH AND POWER nations' rights, the flouting of

America's strength and power justice and of international law. wil be enduring" because." "the the mockery of treaty obligations American faith is built upon the the utterly rathless-code of tic rock of human liberties and human outlaw and the gunman. If the brotherhood. Man Will never totalitarian powers win there can cease fighting for the attainment be no lasting peace because the of these ends; and as long as only foundations upon which peace America remains America these can rest will be destroyed.

are the principles upon which we will build our faith and atake

LOVER OF TEACE

America, lover of peace, baltever our all. ..

In human brotherhood, cannot slij⠀ In 1776. our fathers risked

foundations ... of.

Yaumati Ferries, $22.25. - Lights (Old), $37.75. Cements, $15:00, Ropes, $8.40, Dairy Farms, $17.50 Entertainments. $6.60.

BELLERS

ELK. Banks, $1,200. Union Ins$395. Docks (Old), $18.50. Cements, $18.75. Watsons, $9.75,

SALES Humphreys, 37:20. Lights"(Old),- $37,75.- Cements, $18.60.

SHAREBROKERS

ASSOCIATION

Volume of Busintas Transacted on Saturday, Nov. 23, 1940,

HALES

laly by and see destroyed the very everything for the realization of HONGKONG

civilized society these eternal principles. In 1881 upon which alone peace can rest Lincoin gave them new meaning. America's resources and her power In 1917 and 1918 you and your ATE, SO enormous that if she fellows again trandated them into chooses to use them she can prob stirring action. Now in a trans- ably turn the scaler one way or formed and fast changing world the other. With that power goer we are called upon to give them terrible responsibility, Americs again a new application and fresh HK. Electrics (Old) 100 herself

becoming

particl meaning. We too stand ready, HK Realtys pant in the war, can in large without counting the cost and measure determine. If she will unafraid to feep the American what our future world will be..

500

600

The total value is 35,500.00,

4

$1.85

#39

35%

$14"

Nov. 21

(000's Omitted)

2,649,000

2,254,000 85.92% 90,54% 2.225,000 2,716,000 17.235.000 71,697,600 11.581,000

2,233,000 90,65%

8,215,000

2,302,000 21,716,000 7,912,000

LONDON MONEY

MARKET

LONDON, NOV. 24 (Renter)-

In the Money Market on

Satur-

day Borrowers continue to obtain

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®

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

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, Zid floor, Room 6.

WE OFFER HIGH PRICES for

over-night loans cheaply while any amount of gold articles, clearing-banks readily bought any diamonds, silver, etc. No holidays. Treasury Bills offered and allotted Apply. China Building, 7th floor. at the average rate of £1/15d.** Tel. 30727. Burada Gold Refining

Applications Were lower at | Co.

191.8 and

the consequently Market Syndicate received 41 per cent of their application which was the best for several weeks. The average rate also fractionally

moved in their favour,

WANTED KNOWN

ORDERS TAKEN for hand-made

Wall Street opened quiet and sweaters, Ladles jumpers, Babies

easy.

INDIA CONSCRIPT U.S. DOLLARS

NEW DELHI, India, Nov. 24 (Reuter)-India" has taken steps to conscript US dollars, it was revealed in New Delhi yesterday with the issuance of a "Govern- ment Order.

outfits, etc., at $5.00 each for workmanship,

Wool and model desired, to be supplied by customer.

Send particulars of address, etc.. to Box 602, HKDP.

This "WE" have an outstand ing assortment of latest American dresses for all occasions and price The Order requires that all to suit all purses Call at "Vanity holding United States currency Shop" (Lazarus) Pedder Street. should offer it for sale to the

Reserve Bank within a month against the equivalent value of

rupeet

Experienced Book-keeper Wants

The Order does not apply to Students to form a class. Charan- 37.75 authorised dealers in foreign ex-tee students to keep a whole set of 3.45 change cotton dealers, allens books after completion of a course and persons needing dollar ba- of 6 months For Term and Par- tances for reasonable trade re- ticulare, Please Apply to-Box [quirements:

No. 458€/o¬HKDPS

HOTELS

RUSSIAN CUISINE MORE POPULAR EVERY DAY

METROPOLE HOTEL

TAILOR

LAM SHIU SHEK 334, Nathan Road, Kowloon, Tel. 57712. Guaranteed delivery 1 sualt

in 24 hours notice and 6 hours for a pair of trousers.

Just Received Stanley Gibbons Postage Stamp Catalogues

for

1941

Whole World

Part I British Empire Part II Foreign Countries. Simplified.

GRACA & CO.

Dealers In Postage Stamps, and Vegetable Seeds Flowers

Picture Books,

No. 10 Wyndham Street Established 1898

TEA: DANCES Tuesdays

·· Thursdays

Baturdays

Sundays

5 to 7.30 p.m.

ENGRAVERS":

FEI FEI

I & CO. Photo Engravers

18, Cochrane Street, Telephone No. 22224.

AUCTIONEERS

OF

GREATEST COLLICUDEN BARG MNS IN TOWN!

LAMMERTS LUCIRIN BOOMS

F

Jimmy's

BUTTERICK

Expert Ladies Tailor.

New Style Ready Made" "Dresses FOR SALE.

Hongkong 26,

dhum Stroolad Tel: 23615;