1941-03-08 — Page 9

HONGKONG DAILY PRESS

P.I. ROTARIANS REAFFIRM FAITH IN FINAL TRIUMPH

·OF GOOD WILL PRINCIPLES

PHILIPPINE ROTARIANS reaffirmed their faith in the ultimate triumph of the principles of good will and Justice over hatred during their discussions at the Manila Hotel recently, reports the Manila Bulletin.

Leading speakers among them cited tacts to show that their organisation has grown despite the opposition of dictators, and 'at the same time urged Rotary to prepare to do its part in the task of post-war reconstruction,

FINANCE & GENERAL

Finance and Commerce

HONG KONG STOCK| EXCHANGE

The week's trading has been irre- gular. Occasionally there has been a number of enquiries, but they lacked fire.

Many of the bids must be re- This was the third district can storm of the first world war, and garded as unattractive, holders al- ference of Rotary International when the storm had passed, it most completely ignoring them.' for the Philippines. About 250 stood up once more, erect and The few dealings recorded were Rotarians and their wives, and proud.

spread over a fair range. guests attended.

"This is the thought that we, fellow Rotarians, should ponder in these painful and difficult times. We know that recent events have not flattered the brightest hopes that we hold for our organisation. But we know also that nothing which can possibly happen can

"WORLDWIDE DEMOCRACY” At a dinner held in the hotel's Flesta Pavilion last night. T. L. Hall, governor of the Rotary clubs in the Philippines, told the assen- bled delegates and their friends that "Rotary is a worldwide de- mocracy" which thrives in spite of permanently set us back or destroy the efforts of dictators to disbandus. all Rotary organisations within their grasp.

ROTARY WILL ENDURE "Rotary will endure because the Mr. Hall directed attention to ideals to which it has pledged com. the fact that during the past five plete allegiance are as enduring as years Rotary was abolished, either the human race itself, because in by direct edict or because the the world that will be reconstruct- powers that be made it too hot fored when this war is over, the "ideals the members, in Spain, Germany, of Rotary and the men of Rotary Austria, Italy. Czechoslovakla, will stand in relation to each other Poland, Norway. Denmark. the as blueprin; to engineer. Upon the Netherlands, Belgium, Luxemburg. old patterns of peace and good will, parts of France. Latvia, Estonia, we of Rotary shall go to work. Lithuania, Rumania. Japan, Korea and Manchuma.

CONTINUED ADVANCE

"In a few short months, hun- dreds of clubs and thousands of Rotarians were stricken from Its rolls, nevertheless Rotary continues to advance and on Jan. 1, 1941. there were 5,037 clubs in 75 coun- tries and dependencies with a total membership of 210.000 Rotarians,' Halı sala.

"At the conclusion of the pre- sent world confilet, as there must: be a conclusion sooner or later,

BUSINESS DONE DURING THE WEEK. HX. Banks, $1340, $1345, Union Ins., $417. Indo-China (Pref.), $80. Wharves, $95. Provideris, $54. Hotels. $3.80. Humphreys, $6.70. Realties, $31. Trahways. $16.60. Lights (D), $6.15. Lights Rts., 70 Ots. Electrics (0), $41.65, $414, $414. Electrics (N),- $41.45. Telephones (0), $24. Tlephones (N), $9.

Cementa, $16.90, $18.85, $16 90.. Dairy Farms, $181.

HK Govt. 4% Loan, $97.

}

MILITARY, FINANCIAL AFFAIRS

REPORTED AT P.P.C.

A three-hour review of the Sino-Japanese war in the past year was reviewed by General Ho Ying-chin, Minister of War, and Chief of General Staff, at the meeting of the 2nd People's Political Council.

General Ho made special refer, the so-called Central Reserve Bank ence to China's and Japan's mill-set up by the Wang Ching-wei tary strength, fighting the regime.

different war zones, China's army The meeting decided to send a reorganisation, conscription, m-telegram to Generalissimo Chiang |tary and political training, soldiers' | Kai-shek Daving him respects. rellef, transport control, operations Telegrams of encouragement to the of the Chinese Navy and Alr Chinese Frontline troops and the Force, and other latest milltary Chinese in Manchuris and Jehal developments.

will also be sent

General Ho was loudly applauded

at the end of his report.

(Central News)

It is understood that up.till now over 100 proposala regarding 'A 'financial report was made by various important matters have Dr H. H. Kung, Vice-President of been received by the Council the Executive Yuan and concur-They are being examined by the rently Minister of Finance. He proposals examination committee emphasised that internally China's financial policy aims at currency control.. economic development. and financial replenishment and externally at upholding China's loan credit. He dwelled in retall. Jon China's revenue and expendi- |

JAPAN'S DEAL TO BUY SAIGON RICE REFUSED

ture in 1940, currency reserve and SAIGON, French Indo-China, RK. Govt, 34% Loan (1934), $95. increasing proceeds of the direct Feb. 24-The previously reported

. BUYERS Union Ins., $415. Lands 4% Debentures, $97.50 Lights (0), $6.15.

SELLERS Docks (0), $17.60. Hotels, $3.40."

"Rotary, will stand up in the time of reconstruction to demand its right to speak, to be heard, and to labour. In the expectation of that day. let us, fellow Rotarians, stand together and resolve to remain steadfastly loyal to the tenets by Tams, $18.75. which we live and think today and tomorrow an atmosphere of peace, Justice and democracy."

CHINESE FOREIGN

EXCHANGE Commenting upon the an ncuncement that under instruc- Rotary will be called upon to Imtions of the Ministry of Finance

mediately rehabilitate itsel: 'in inany of the countries in which Rotary existed prior to the present world upset, and to further extend Its principles so that man's her1- tage of freedom, justice, truth, sanctity of the pledged word, and respect for human rights may be carried throughout the world.”

the Central Bank of China will resume buying and selling of for- eign exchange, the London TIMES city editor wrote Armation or explanation had been received in eastern banking circles in London,

that

no con-

SALES HK. Banks, $1345. Providents, $5.75. Humphreys, $6.70. Electrics (O), $41.

taxes.

700,000-ton rice deal between Ja- Charts and diagrams showing Fan and French Indo-China, un- China's military and financial conder which the former was schedul- ditions prepared by the Ministries l'eed to receive this vast amount of of War and Finance were posted much needed cereal from on the walls for the Councillors French colony, has fallen through. according to authoritative reports here.

reference.

Interpellations were made

by

the Councillors regarding such

the

pay

SATURDAY, MARCH 8, 1941. -PAGE 9

EVERYBODY'S

Favourite

Ron?

"BLACK&WHITE"

WEATHER REPORT

Hongkong Royal Observatory

10 am. March 7,

Barometer (atusea level), 29.98 in». Temperature, 70 Humidity, 94 per cent. Wind Direction, E Wind Force (Beaufort), 2. Temperature: maximum yesterday

Temperature: minimum last night,

66 F. Rainfall for 24 hrs. ending 18th

today, 00.6 ins

72 F.

HONG KONG TIDE TABLE

From 8 to 14 Mar. 1947.

HIGH WATER.

Week

Days o

Month.

Dats of

Japan allegedly sought to for the rice with the Nippon yen questions as improvement of the which, although reported to be ac- conscription system, payment of ceptable here, was said to have taxes in materials. counter-mea- been flatly rejected by the Vichy Total rainfall since January 1st Tues 11 gures against the issue of notes by Fetain government.

Standard

h.

Height.

Low WATEN

Rong

Bong

Kong

Kong

Standard

Height

Tiar

Timna

ft, lu

h. m.

jet in,

Sat. $

1627

8 0

Suc

Mo 10

A

43 02

40

(046

17 43

6 3

1107

08 07

43

Q1 29

#16

18 47

6 8

12 24

08 27

43

€2 07

13

19 44

13 27

12.07 ins.

The reports that the deal had

Buyer Balieri Salbe, Yomin.

collapsed as a result of Vichy's Against an average of, 3.33 ins.

Sunset tonight, 6.29 p.m. opposition contradicted Japanese Tokyo advices tonight quoting Sunrise tomorrow, 6.39 am.

4 p.m., March 7. Foreign Minister Matsuoka as say. ing

"an

agreement has

Barometer (at sea level, 29.87 ins. been reached between Japan and France Temperature, 75 F. for the farmer's purchase of rice Humidity, 90 per cent. $1345 from Indo-China. The deal is Wind Direction, SW,

Wid. 12

(8 58

5 1

02 44

20 37

72

14 18

Thur 13

09 28

53

03 18

21 26

7 2

15 03

12 1

Fri. 14

30.01

69

03 54

22 17

15 48

276

being carried out.

Wind Force (Beaufort), 3.

£74

Est

£23

£11

HONGKONG SHARE QUOTATIONS

STOCK EXCHANGE

Buyers

Sellers Salo

SHAKYBROKERS' ASSOCIATION

FRIDAY

7 MARCH."

Banks

Do. Col. Reg.)

$1340

$1345

H.K. Banka

£766

274

Do. Lon. Beg.)

"In view of the recent credits granted to China by Britain and GREAT IDEALS

the United States," he added. "It $76 Addressing the same audience, is possible that the Chinese Gov- Dr. Carlos P. Romulo, a past vice erament are now able to provide president and past director of exchange on a freer basis than Rotary International and its off formerly and to put their finar- cial representative to teh district cing on a less essentially barter conference, declared in part:

basis. "In many of those countries "The official rate is 4 pence as that have directly felt the sting of against the market price of 3.7/16 war or that have fallen under the pence. and the statement that

493

Chartered Banks.....

£23 Mercantile Bks. "A". Mercantile Bk. "0", Bank of East Asia....

$1345

t

.:

211

$78

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

Insurances

15 ct.

$415

$1

1216. Canton Insurances....

Union Insurance...... Underwriters

#215

$415

80 cts.

$170 H.K: Fires....

$170

Shipping

$135

Douglasen

$125

29

Steamboats

$9!

$80

Indo-China (Pref.).

$100

100

Indo-Chinas (Del

800

43/9

Shells

43/9

37

$7

Docks, Wharves.

Godowns, etc...

$95

H.K. & K. Wharves...

$95

53

Providesta

851

$17.60

H.K. Docks (Old).....

$17 40:

$17

H.K. Docks (New)

$17

3261 +Shanghai Deeks...

$261

Mining

17/0

17/0

"29

$3

heels of the dictaturs, the Rotary exchange can be made available clubs have been ordered illegalised. at the official rate may relate to And for an understandable reason, joverseas busines conducted by They have been disbanded because various government agencies. The Rotary stands for many things action of the government, may that in totalitarian countries would have been prompted by political sol be intolerable.

considerations-Central News)..

"The

great deals for which

Rotary stands will never suffer a complete and permanent blackout unless the lamp of freedom and human dignity which lumines man's spirit from within should go out one day never to be lighted again,

WILL SURVIVE THREAT "I have been with Rotary long enough to feel confident that it will survive every threat of tyran- ny, and that it will be living still when the last tyrant has gone from the face of the earth, I know the stuff of which Rotarians are made and I know that nothing can ever dismay them permanently or utterly destroy their spirit. Rotary 25 years ago bowed to the

HONGKONG

SHAREBROKERS'

ASSOCIATION

Volume of Business Transacted on Friday, March 7, 1841. SALES

China Providents HK. Electrices (0) Humphreys A.S. Watsons

83.40

250 $.5.75 150 41.00 500 6.70

1971

500

10.70

1,400

The total value is $18,287.50.

:

LONDON GOLD

London, Mar 6

Reuter).

8161

Bar Gold, Fine per oz, 168/-

WEEKLY RETURNS AND REPORTS

BANK OF ENGLAND.

Waterbosts

Kailans

Raubs

1 cta Hong Kong Mines..

Lands, Hotels and

Buildings

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

$31

$3.40

$321

$97

ww

**་

Humphreys

508

8401

Ewo (8.)

$6.70

FI.K. Lands......

Do. 4% Debentures...

$11.00 Shanghai anda........

$3.20 HI.K. Realties....

Chiness Estates......

Cotton Mills

*$200 S'hai Cottons (8.)...

Zoong Siugs (8.).....

Wing On Textiles (8.

Public Utilities

H.K. Tramways...

87, Peak Trame (old)...

861

$400

#200

$125

માય

Peak Trams (new)..

804

Star Ferries......

$24 mati Ferries.......

China Light (0)....

$6.15

31.97 China Lights (New).. 81.85

H. K. Electrics (01...

$6.15

8411

$41 15 H. K. Eletics New)....

$17

Macao Electrics (Old)|

831

8412/41

841

Maximum temperature,. 78 F. Minimum, temperature; 68 F Rainfall, 0.12 ins

PRE-PAID ADVERTISEMENTS.

The following clauses of advertisements are charged at the price given below :—

SITUATIONS VACANT.

HOUSES AND APARTMENTS WANTED,

HOUSES AND APARIMENTS 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.

FOR SALE

HOTELS

TEA DANCE

DAILY

One Secondhand 30-H.P. Ford V-8 Truck, unladen weight one ton 5 ewt-and one Austin *10′ Car. Further particulars from Messrs. Lowe, Bingham & Matthews.

133

FOR JADED APPETITES:

REAL RUSSIAN FOOD

Tiffin' $1.20

Dinner $1.50

METROPOLE HOTEL

EXCEPT MONDAYS 3 to 7.30 F.M

WANTED TO BUY-

WE PAY HIGH PRICES for all gold and silver articles, #3.15 gold bars, diamonds and jewels. Apply China Gold Refining · Co. Pedder Building, 2nd floor, Room 6.

WE OFFER HIGH PRICES for any amount

articles, of "gold diamonds, silver, jewels, etc. Nc holidays. Apply China Building, $1647th floor. Tel. 30727. Eurasia Gold 87.40 Refining Co.

2641 $23.65

WE PAY HIGH PRICES for all gold and silver articles. Jade diamonds, jewels, watches, foun- tain pens. Apply Far East Dia- mond

and- Gold Refining Root 621, China Building, 8th

floor.

WANTED KNOWN

Why not learn all the Pancy latest Stitches for your dresses

75 ata. and Sweaters.

JOIN THE KNITTING CLASS 98.10 | AT $3.00 per month (Twice a week lesson). Please apply to Box No. 654 c/o H.K.D.P.

ORDERS TAKEN, for hand-made sweaters, Ladies' jumpers, Babies' outfits, etc., at .35.00 each for $1.68 workmanship.

$72

Wool and model desired, to baj supplied by customer.

"Send particulars of address, etc," to Box 802, H.K.D.P.

Experienced Book-keeper Wants Students to form a class. Guaran- tee students to keep a whole set of books after completion of a course

$2.10

$10.70 $10.66

35°

$42

$14

$8

$1.90

ticulars. Please Apply to:-Box

No 483 e/o HKDP.

PACKING CONTRACTOR

Any Kind of Articles will be. "Packed Carefully and Perfectly

at Reasonable Charges Order will be Secured Promptly TOMINFAI

TELEPHONE 33237, 25821.

YING LEE CO.

REST CAMPHORWOOD TRUNKS

NO. 8, QUEEN'S ROAD EAST, WANGHAI.

TAILOR. LAM SHIU. SHER 334, Nathan Road, Kowloon, Tel. 57712. Guaranteed delivery i suit in 24 hours notice and 6 hours

for a pair of trousers.

ENGRAVERS

FEI FEI & Co. "

Photo Engravers

18, Cochrane Street, Telephone No. 22224.

AUCTIONEERS

GREATEST COLLLCHON OF BARGAINS IN TOWN!

!

LAMMERTS AUCTION ROOM

of 6.months. For Term and. Per-Lammert, Brebes

EAT AT

Jimmy's

BUTTERICK

Expert. Ladies Tallor

New Style Ready Made Dresses,

Overcoats and Costumes

FOR SALE.

16, Wyndham Street.

گر

Tel. 23615

PICTORIAL HONGKONG POSTAGE STAMPS

in commemoration of the "CENTENARY OF THE COLONY

Used on

FIRST DAY COVERS with views of Hongkong la

1841 and 1941

now obtainable at

·GRACA & CO. Dealers in Postage Stamps, Garden Seeds, Picture Books, etc.' No. 10 Wyndham Street. Established 1896..

"Hongkong"

LONDON, March 6. (Reuter

Feb. 27

Mar, (000's Omited)

£

£

$12

Public Deposits

14,640

11,740

$24

Other Deposits:-

Bankers

89

121,720

125,380

Other Accounts Total

53,020

53,730

174;740

179,110

816 Macao Electrics (New)

Sandakan Lights......

Telephones "fold) $24 Telephones (new)......

S'pore Tractions (Ord.)] Industrials

830 Cald., Macg. (Ord.) 8.

Ba

$25

Clovernment Securities

Cald., Macg. (Pref.)8

$7

Canton Ices.

Other Sécurities:-

156,370

157,840

$18.00

***

Cements.

$16.90

Discounts and AdvanceS

*3,720

5,090

8 H.K. Ropes

Securities

18,980

20,830

H.K. Govt. Loans

Total

22,700

25,820

$97

14% Loan

97".

Notes, and Colna

$05

28,370

24,270

131%

(1934)

$95

Total Bullion

$74

1,620

Notes in circulation

602,250

1,550 607.280.

131%

(1940)

Miscellaneous

Ratio of Reserve to Liabilities

14,90%

Price of Gold at which holdings are valued. 1887-

FEDERAL RESERVE SYSTEM

12.71% 188/-

916 Dairy Farms......

$18

$7

Entertaibments.......

$7.10

$1.80 Constructions (old)..

#1

Constructions (now)..

#7

Lane Crawfords........

Nanyang Tobacco...... 83.80

NEW YORK. Mar. (Reuter).

Feb. 29 (1240)

Feb. 27 (000's Omitted,

Malin

$10.70 Watsons

$2.15 Bincores

42

Ch. G.5% 1925G$Bds

Bills Bought

UA Securities held

-2,477,000

Federal Reserve Ratio

€7,50%

Federal Reserve Credit Outstanding.

2,537,000

Monetary Gold Stooks

18,168,000

Industrial Advances,

10,704.000

-2,184,000

$1.22% 91.10% 2,223,000 2,237,000 22,179,000 22,337,000

7,240,000

$

2,184,000

7,715,000

$30

K. Wing On 2

S'hai Wing Op

17.70 Vibro Piling......

8/8 Marsmana Iar. (Lon." 2/6 Marsmans Inv. (H.K. 81.80 Wm. Powells.........

China Lights(Rights) +Bale to Shanghai

Tyloan at 36

",