HONGKONG DAILY PRESS
Finance and Commerce
EXPORT PERMITS U.S. AIRCRAFT
.
FOR FINANCE
PRODUCTION
NEW GOVERNMENT Incredible Expansion
DECREE ISSUED
The following is a press notifica-
Of Industry
LONDON, Feb. 28
will be
(Reuter) - the decisive
U.S. CONTROL OF EXPORTS
་་་་
FINANCE & GENERAL
British War Effort Boost Demand For P.I. Lumber
An encouraging effect of the war on the Philippino lumber Industry has been the expansion of the British and the Ameri- can markets for lumber and timber. As a result of the mounting demands of the war and armament industries in the British Empire and in the United States, export demand for Philippine lumber has improved considerably lately, writes Bernardino Ron-' quillo in the Manis Bulletin
now
LICENSING SYSTEM
With the" defence programme in the United States gathering m EXTENDED
mentum month after month and WASHINGTON, Feb. 28 (Renters the shipbuilding industry -The export licensing system has booming, the outlook for
Philip- of funds for visits, residence, main-month said Sir Walter Citrine. tion issued yesterday by President brightened considerably, according sawed lumber has benz seen extended under a proclama-pine tenance, etc., outside the sterling British Trade Union leader, broad-Rocsevelt to beryllium, graphite, local trade circles.
tlon issued by the Colonial Secre-
tariat yesterday on the provision September
orea.
casting last night.
1. Permits
Sir Walter. who has just return- under the Defeneo (Finance) Regulations, 1940, to ex-ed from an extensive tour of the port funds for personal use by Bri- United States, said that by Sep- tish subjects (other than Cana-tember British and American pro- dian British subjects and British duction of aircraft would exceed subjects of Chinese race) to places German production:
The American aircraft Industry outside the sterling area are longer being issued, save in alto-he said, is expanding at an incre gether exceptional circumstances, [dible rate
130
Canada is outside the sterling
electrodes and aircraf
The order becomes effective medlatery.
Be
1
BRITISH GOODS FOR RUMANIA
EXPORT LICENCES
This im- ...proving export demand is under-
REVOKED im-jalood to have offset to a large
LONDON, Feb. 26 (Reuter)-- extent the slackening of purchase all outstanding navicerts and ex- of logs by Japan lately owing to port licences for Rumania will the tightening of Japanese control revoked when "Italy entered
over foreign exchange and capital war, declared Mr. Hugh Dalton, operations
Minister of Economic Warfare, when questioned in the House of Commons yesterday,
A similar proclamation to come effective on March 10 apply to belladonna, atrophine, sole leather and belting.
were the
DEFENCE LINKS
A significant feature of the r The Senate Naval Affairs Com numerous inquiries received from cent export demand has been the in respect of persons leaving the
Last July 78,000 men were era-mission has approved the authori England regarding the possibility was already passing under Ger- At this time, he added, Rumani Colony or the sterling area on ployed in American
or
aircraft fansation of credit amounting .to after 1st March, 1941.
tories and at the present moment $242,373,500 for Improvements
or obtaining from the Philippines (man economic centrol. on
No goods 250,000 were employed. By next the islands of Guam and Samoa.
a supply of local wud to be used had, therefore, been allowed to go June the number would have in-
in the construction of naval vea through the The naval spokesman, Admiral
British controls to sels. Latest Inquiry received by Rumania since last Jube. creased to 500,000
Morrell, declared that these and the bureau of commerce is from other improvement to a numbe:
Asked for ал assurance that of bases leased from Britain were
a construction company in Singa similar treatment would be meted port, Straits Settlement, which out to to be the United States."
porters of lumber who are in a Dalton indicated that the Ru- position to supply mahogany se, mantan precedent might usefully
area.
THURSDAY, FEBRUARY 27, · 1941. PAGE
TOLLEYS Brandy
AN EXCELLENT. AUSTRALIAN BRANDY AT AN EXCEPTIONALLY LOW PRICE.
Sole Agents: DODWELL & CO., LTD.
TST
REGISTERED
was "absolutely vital to the defence of would like to hear front local ex due to other countries likely the COMMONS AND JAPANESE OFFER
2. Exceptions are at present be- Ing made in respect of husbands The American people were etc, on short visits to families deeply impressed with the justice affected by the evacuation order. of the British cause There
3. It is further notified for gen- no hesitation or doubt about whe eral information that instructions thes the British were right in re.
sisting Nazi aggression received from the Secretary of State for the Col- onles that all permits for remit-
have been
tances under paragraph 1, irres-modified, at least in respect of pective of date of departure from remittances to Canada. Informa- Hongkong or the sterling area. tion is being sought from
the
should be cancelled as from 31st Secretary of State on this subject May, 1941, but it is still possible and a further announcement that in view
compulsory be made at the earliest possible evacuation this decision may be moment.
of the
speed cruisers,
FOOD SHORTAGE able for the construction of high be followed.
IN BERLIN.
:
have
OF MEDIATION
NO QUESTION OF COMPROMISE
(made, he said, after consulting Germany) has indicated that these words were not to be regarded as
an offer of mediation in the Euro- peap war
the Prime
ATTACK ON GREECE GROWING DEMANDS
SOFIA, Feb. 28 (Reuter)—Al- Since the outbreak of the war, though the Germans are believed to have made preparations down England is understood to TRANSPORT CRISIS been turning to other sources of
to the most minute detail to at LONDON, Feb. 26 (Reuters -
"ID Any case the Japanese BLAMED BY NAZIS supply for lumber and timber to tack Greece through Bulgaria, ob- Mr. R. A. Butler, Under-Secretary Minister for Foreign Affairs has
Sofia think that they for Foreign Affairs, was asked in been informed by Feed the growing demands of her servers in NEW YORK, Feb. 2 (Reuter)-war industries, particularly ship may hold their hand for a few the House of Commons yesterday Minister that, in a cause of the Berliners no longer buy sausages, building, in which activity has days in the hope of news of Italian to state the precise terms of the kind for which we are fighting- fearing that this pre-war staple been accelerated to, peraft the successes in Albania.
Japanese offer of mediation.
a cause in no way concerned with German diet is now made from empire to replace her heavy lusss The weather, however, is un-
Mr. Butler declared: "In a territory, trade or material gaina- HONGKONG SHARE QUOTATIONS dog meat, says a correspondent from the combined German sub favourable for a German
who has just returned from Bet marine and surface raids and air-Frequent rainstorms have left the the Japanese Minister for Foreign humanity-there can be no ques- cent communication to Mr. Eden, but affecting the whole future of
lin
bombing. Late last year it road unsuitable for heavy traffic Affairs, after referring generally tion of compromise or parley."
· The German capital, be declares, noted that orders from Great
STOCK EXCHANGE
I
SHARYBROKERS' ASSOCIATION
Bayan Sellers Sales Nominal WEDNESDAY Bayer Ballers
26. F. B.
Bank's
C.D. $1400 HK. Banks
X.D. £76
"Do. Col. Beg.)......
£73
Do. (Lon. Reg)
£7%
Chartered Banki
£23
Mercantile Bkı. “A”.
211
Marcantile Bk. "C".
$76
#216
8412
$170
Bank of East Atia..... N. C. & 8. Banks......
Insurance ! -
Canton InsOTAROM..... Union Insurances.....
Underwriters.......... H.K. Fires..
Shipping
$135 DenglaneS
.19
Steamboats
$100 Indo-Chinas (Prof.)...
Indo-Chinas (Del.)
Etells .......
Waterboats
-Docks. Wharves,
Godowns, etc.
$97
::
876
15 ct.
SLY Nothina
The Nazis ascribe the situatin
WAS
move.
to the European war, observed (Cheers! is suffering a severe food shortage Britain, Australia and South MR. J. G. WINANT that Japan was fully prepared to and quenes are lining up for many Atrica continued to be receiveO
„NEW YORK, Feb. 28 (Reuter) — act as mediator or to take what- commodities.
here for delivery this year.
· LONDON, Feb. 26 (Reuter) Mr. John G. Winant, new United ever action was calculated to re- The Japanese Naval delegation, Statistics allow that England States Ambassador to Britain, had store peace and normal conditions under Vice-Admiral Nomura, to the transport crisis, adding more than doubled her purchases reserved a seat on
the Clipper not only in Greater East Asia, but rived in Berlin yesterday, says, that supplying a city of more of Philippine sawed lumber last scheduled to leave for Lisbon on anywhere in the world than 4,000,000 imposes
the official German News Agency. severe year owing to the tremendous de Thursday, the Pan American Air- £11 strain on the nation's railways, on mand of her war industries.
"The Japanese Foreign Minister. The delegation is to stay several ways announced
ced last night,
in subsequent public statements | months in Germany,
C.D. $1350 X.D. £76 JI £73
£71
£23
***
$215
$411
80 cts.
$170
8125
468
$100
€60
40/7
$60 40/71
37
$7
$99
1.K. & E. Wharves..
898
Providents
$5.80
$17.80 HK. Docks (Old)... $173
$1,7 H.E. Docks (New)...............
$17
$254 +Shanghai Doch......
$28
17/0
$8
17/0 Kaliand
Roaba
Mining
1 cts. Jong Kong Mine.......
Lands, Hotels and Bulidinga
EK. & B. Hotel....
Do. 4% Debenturë...........
$11.20 Shanghai Landı......
$3.60
X.D. $32
H.K. Tands.
$3.40
H.E. Realties.......
.$7.05
Tumphreys
$98
Chinese Estates
844
Emo (8.) .........
$900
Cotton Mills
S'hai Cottons (8.)...
Zoong Sings (8.)........ Wing On Textiles (8.;
Public Utilities
X.D. $18.60 H.K. TramwEJ!.......
+48
::
$3.60
X.D. $39.10
$97
$3.40
17.05
$44)
$205
$125
| $174 | $174 | I.D.
+4
Peak Trams fold).....
$7.40
$3
Peak Trams · (new)..........
$37
$67
Star Forries..
$157
1241
Y'mati Ferries
$27.65
$6.10
$6.20
Chien Lights (0)......) $8.15
|$411A
$1.973 China Lights (Now)...
$1.85
. K. Electrice (014)...
#411
8412
H.K, Electrice/ New)....
$172
Macao Electrics (Old)
$163 Macao Electrics (New)
$19
Sandakan Lights......
$241 Telephones (old)...
$8.90 Telephones (new)....
| B'pola Tractions(Ord.)
Industrials
Cald, Macg. (Prd)8
$30
Call., Macg. (Ord.) B.)
$25
Canton Icesave
$17年
Cemanta......
$84
H.K. Govt. Louzi
$97
14% Loan
305
131%
$04
31%
H.K. Ropes
(1934)...
(1940)
Miscellaneous"
$19.20 Dairy Farms......
Entertainment
$1.80 Constructions (old)..
$1
Contractions (new).......
Lans Crawfords........
Nanyang Tobacco......
12.15 Sinceres
$10.05 W
42 Ch. 0.5, 19250$Bda
$39
II.K. Wing On
B'hai Wing UD immens
$7.70 Vibre Piling
6/2
Marnens Inv: (Lon.
$6 Mammaus Inv. (H..!
$1.00 W Powells...
China Lights(Rights)
+Bale to Shanghai
$7.10
144
44:
!****
$19
$242
310
which the Army and munitions industries have first call
VEGETABLE SCARCE
For the first ter months of 1940 alone shipments of sawed lumber
to that country were reported af
It is possible to eat much better 13,925,241 board feet in compari-
in Hamburg, Cologne, Nuremberg son with only 6,332,350 board feet, and Munich than in the capital (during the corresponding perfect Customers form queues even in of 1939.
cheap bazaars, particularly when
The United States also increased
the month's ration of sweets are her purchases from the Philip- distributed,
Fotatoes are difficult to and green stuffs are, scarce.
pines last year with demands fron obtain that country being stimulated by
BRITISH EXPORTS
TO JAPAN
LONDON, Feb. 26 (Reuter)
-
the acceleration of the national defence programme.
During the first ten months of 1940 alone shipments to that country amounted to 19,785.246 board feet, an increase of about.
Capt, Oliver Lyttelton, President 3,500,000 board feet over the total
of the Board of Trade; was ques- for the ke period of 1938. tioned in the House of Parliament
yesterday on British exports to Japan in the last 12 months. "
BEST BUYER
יי
ז'
PRE-PAID ADVERTISEMENTS.
The following classes of ladvertisements are charged at the price given below:- SITUATIONS VACANT.
HOUSES AND "APARTMENTS WANTED.
11
HOUSES AND APARTMENTS TO BE LÈT MISCELLANEOUS WANTS.
Announcements not exceeding 26 Words are inserted under this beading at a Pre-paid Rate of $1.50 for THREE INSERTIONS. If Charges collected, $2.00.
WANTED TO BUY
HOTELS..
>>
WE PAY HIGH PRICES
FOR JADED APPEITTES!
for all gold and silver articles, There was, however, a consider- gold bars, diamonds and jewels.
Capt. Lyttelton declared that fable slackening of log purchases Apply China Gold Refining Co. during the period of war no centrom Japan, which is traditionally Pedder Building, 2nd floor, Room 6. ces had been issued for exports the best buyer of Philippine hum- from Great Britain to Japan orber and timber. This was attri- war materials as such.
buted to the concern felt by Japan over the Far Eastern situation and
WE OFFER HIGH PRICES for any amount the decision of the government to
articles. of gold tighten control över foreign a holidays. Apply China Bullding diamonds, sliver, jewels, etc. No change and capital operations,
Eurasia Gold Latest trends in the lumber ex- 26 (Reuter)-port trade tend to make the
U.S.S.R. DEFENCE EXPENDITURE
MOSCOW, Feb.
lumber and timber
7th floor. Tel. 30727. Refining Co.
A heavy increase in the detence United States the best market for expenditure was announced by the Philippine Finance Commissar, M. Overev, to owing to the growing demands of WE PAY HIGH PRICES for all the Bupreme Council of the USS the armament industries in that gold
Jade and silver articles. Parliament last night.
country.
diamonds, jewels, watches, foun- The estimates amonut to 70,900,-
For the first time in the exporttain peña. Apply Far East Dia- 000,000 roubles compared with 57-trade of lumber and, timber, United mond and Gold Refining Co. 000,000,000 last year and just under states became the largest outlet Room. 821," China Building, 5th 41,000,000,000 in 1939,
during November as shipments to floor. Japan hit a new low, according to latest export statistics released by the bureau of forestry,
JAPANESE PRESS GANG ACTIVE
A virtual reign of terror now prevails in the Yangtzepoo dis-] trict in Shanghai as a result of the activities of the Japanese 75.cts.press gang in conscripting Chinese 17 residents for military service, ac-
cording to a Shanghai dispatch
$8
97.
$90
HONGKONG.
SHAREBROKFRS
WANTED, KNOWN
Why not learn all the Fancy" latest Stitches for your and Sweaters.
JOIN THE KNITTING
dresses
CLASS
| AT $3.00 per month (T vice a week
ASSOCIATION lesson). Please apply to Box No.
Volume of Business Transacted on Wednesday, Feb, 26, 1941 BALES Electrics (0)
As many persons are reported to have been kidnapped, most of the Chinese inhabitants there are now HK. confining themselves Indoors and dare not venture out lest they be seen and spirited away by the $1.88 Japanese.
It is reported that among those already conscripted by the Japan China Providents, ese are included some Chinese in HK. Telé, (0) $10,05 the employment of the Shanghai
#7}
$8.80
$2.10
36 #39
$14
08
Municipal Police(Central News).
MELBOURNE, Feb. 28 (Renters -The Australian Red Cross la $1.00 sending £10,000′′** and "£15,000 worth of goods to China mi res. ¡ponsa toʻx request: for spssistance.
[854 ̋éƒ0 HRDP.
ORDERS TAKEN for hand-made 41.50 sweaters, Ladies' jumpers, Babies* 41.50 outata, etc., at $5.00 each for 3504155 workmanship.
41.40 Wool and mode, desired, to be 41.40 supplied by customer.
Seud particulars of address, etc... 2400 to Box 502, HKDF.
100 $41,50 200 300
H.K. Electrics (N.)
100
100
1000
5,75
750
."
200 24.00
500 24.00
HK. Lands XD, AB. Watsons
100 32.10
That Wing On
500 800
300
£
5400
Experienced Book-keeper wants 10,80 students to form a class. Guaran
3.80 tee students to keep a whole set of j
3,84 books after completion of a course
The total value is $101;442.50.
REAL RUSSIAN FOOD
Tiffin $1.20 • Dinner $1.50
METROPOLE HOTEL
PACKING CONTRACTOR
Any Kind of Articles will be Packed Carefully and Perfectly at Reasonable Charges Order will be Secured Promptly TOMINFAI TELEPHONE 33237, 25827.
YING LÉE CO.
REST CAMPHORWOOD TRUNKS NO. 8, QUEEN'S ROAD EAST, WANCHAL
LAM
TAILOR
SHIU SHEK 334, Nathan Road, Kowloon, Tel. 57712. Guaranteed delivery 1 sult.
in 24 hours notice and 6 hours
for a pair of treasers..
ENGRAVERS
FEI FEI & CO, Photo Engravers
18, Cochrane Street, Telephone No. 22324,
AUCTIONEERS
ORLATEST CORRECTIN A
BARGAINS IN TOWN;
LAMMEETS TEORION LOse st
of 6 months. For Term and Parrot, Broth ticulars. Please Apply to:-Box,
No 463 e/o HKDP
ar-
TEA DANCE. DAILY
EXCEPT MONDAYS
5 to 7:30 PM.
Jimmy's
BUTTERICK
Expert Ladies Tallór New Style 'Ready Made Dresses, Overcoats and Costumes
FOR SALE,
16, Wyndham Street. Tel. 23815
For Sale Hong Kong Centenary Envelopes
With Views of
Hongkong in.
1841
and
1941
First Day Issue of
Centenary Stamps
at $1.00 per don, Envelopes
GRACA & CO.
Dealers in Postage Stampe, Garden Seeds, Picture Books, etc. No. 10 Wyndham Street. Established 1996.
Hongkong.
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