HONGKONG DAILY PRESS
BRITISH WAR FIGURES IN
THE UNITED STATES
WASHINGTON, Mar, 19 (Router) -The evidence given by the United States defence chiefs at last week's secret hearings before the National Defence Committee was released yesterday A the House of Representatives began debate on the British Aid appro priations,
The Director-General of Defence, Mr. William Knudsen's state- ment showed that Britain financed 61 manufacturing plants out of 784 available or in preparation for the production of delence teriais.
"
-
The statement made by the At the beginning of the current
United Statës. The total existing | ances British orders, says Mr. Smith's statement, aggregate $2,700,000,000, Payment of $1,080,000,000 has been tance made.
FINANCE & GENERAL
DEBATE ON AID CANADA DRIVES AHEAD
TO BRITAIN
Reputation Of U.S.
At Stake
WASHINGTON, Mar. 19 (Reuters) -The United States House of Re- presentatives yesterday began de- bate on the .$7,000,000,000, Aid to British appropriation
It was confronted with a terseiy
suffer.
Firmly Resolved To Meet The
Supreme Test Of War
Ottawa-The birth of a new year found Canada driving swiftly ahead, in firm resolve to meet the supreme lest of war. As indicated in a recent release by the Director of Public In- formation, a peace-loving nation of twelve million people has. been transformed in sixteen months into a nation united in determination to the pursuit of a just and esinmon cause--a war to a finish.
THURSDAY, MARCH 20, 1941-PAGE 9
PABST BLUE RIBBON BEER
Great Ground the World, it's Pabst Blue Ribbon
Budget Director, Mr. Harold Smith, year. Britain held $282,000,000 and worded warning from the Appro- save A comprehensive view of sold $54,000,000 official dollar balan-priations Committee that this hugely awaits in the United Kingdom to present plans, before the end A Canadian Army Cury anxious-achieved heretofore, and, according Britain's war expenditure in the ces and $305,000,000 private bal figure must be quickly approved its call to the front line. Cans of this year, this country will be for the reputation, of the United dian airmen have fought and dis-producing at a rate some 70 per CAPITAL ASSISTANCE
States among nationa would tinguished themselves Britam had given capital assis-
in the cent greater than during the peak totalling $171,000,000 to
Battle of London. Canadian of our efforts h the last war" United States defence plans in Churchill's reference in London to Britain's life-line
The note coincides with Mr.naval vessels are patrolling Great said Hort Angus L Macdonald,
the All goods delivered to Britain connexion with orders for planes. submarines and to the operation Three Canadian contingents and and Supply, in the absence of sea. Acting as Minister of Munitions have been paid for and umally a
The monthly expenditure, of
of Naa battlecruisers on the jone 25 per cent, deposit was paid in Canada, Australia, South Africa United States aide of the Atlantic. graduates under the Empire Air
"Australian contingent of Hon C. D. Howe,
cash with an order.
New Zealand, India and the United
"Our total production in the The note requested the House to Training Flan have already arriv The remaining abilities will Kingdom WIS $1,750,000,000 of
year just ended was close to 40 per be met from Britain's existing which the United States accounted approve the Bill with one change: ed in Great Britain from Canada: cent more than that of 1917: or
that any article procured under The Canadian Navy which, at 1918 when dollar resources,
We attained our United States, Government at the only 15. vessels now has 120 naval War." the Bill shall be retained by the the outbreak of war, consisted of maximum effort in the
President's discretion instead of craft and within a year 100 more
PRODUCTION being sent to a foreign govern- vessels will be added to "this
Canadian production during the ment if that is considered neces- Foodstuffs, ammunition, guns, air-coming year might even be step-. sary for United States defence.
craft, motorised equipment, with a ped up a rate equal to 50 per cent ACCIDENTAL «REVELAT ON
great variety of other equipment, greater than in 1928, when Canada are flowing across the Atlantic in attained her maximum The accidental revelation of two an ever increasing stream.
production. The total output for items in the proposed United States In the economic field, Canada the whole year should at least be
to expenditure for ald Britain, is contributing as she could not in 25 per cent greater in volume was made during today's debate the first Great War. Economic aC than anything ever attained "By 5 $1,340.00 on the seven billion dollar appro- tivity in the Dominion is at a Canada, he said. Not only will 4 1.340.00 (priation,
higher level than ever recorded we be producing ever increasing 250 5.15 A Representative referred to the before. In the first-ten months of
quantities of goods, 16.50 purchase of $50,000,000 of tobacco, 1940, it rose 19.4 per cent over the volume of production will contain 200
8.20 Money for this purpose would level for the corresponding period a greater proportion and variety 100 500 8.15 come from an allocation of $1,350,- of 1939.
of finished and semi-finished .700 8,20 √000,000 earmarked for agricultural Official returns show the highest goods than even before. In short,
and other commodities.
level of industrial employment in our industrial contribution will be
for $1,500,000,000.
During the current fiscal year, The statement says that British Government has not adequate Canada is expected to spend $1.- funds to meet additionaj com- 400.000,000 in direct war effort, mitments but none was proposed. PEE-BILL ORDERS
The United States' $7,000,000,000 British Ald appropriation
would
be used to pay the orders placed by Britain before the passage of the Lease and Lend`RB
At the beginning of the current
די
HONGKONG
SHAREBROKERS
ASSOCIATION
Volume of Business Transacted on Wednesday, Mar. 19, 1941 SALES
year, British holdings included (H.K. Banks $616.000.000 of marketable securi-
WANCEL
tles and $9,000,000,000 of less eastly China Providents") marketable investments.
HK. Docks (Old)
The nominal value of United Ropes Kingdom investments in Canada Is $2,000,000,000 and in South America $3,500,000,000. The market value, said Mr. Smith, is much less than the nohtna valde.
1759
The total value is $27.282,50.
HONGKONG SHARE QUOTATIONS
STOCK EXCHANGE,
Ballers S'e | Yominal
SHAREBROKERS" ASSOCIATION
19 MARCH
Banks
Baywr
$70
$425
1931
$16.13
#16
L
WEDNESDAY
81340
H.K. Banks.......
Do. Col. Reg.)
£75
SAI
#14:
HT
THE
$164
Do. (Lon. Reg.) Charlared Banks
Ezt Mercantile Bks. "A”
210
Mercantile Rks. "C".
Ballers Buyer
BLUT Tomian
$1340
pre-war
but our
It 15 understood that lists or 20 years. War orders placed. for greater in volume, and much further items exist but President Canadian account alore total more greater too in the amount of Roosevelt dues not wish to make than $390,000,000. Fifty-five main labour and skill employed in its them public.
been constructed. manufacture. alrports have
21
not suppressed, but it will be struck uff the House of Representatives' records.
Pabst
EXPOR
BEER
From the Riviera to Singapore
. from Buenos Aires to Bombay, in the smartest clubs, restaurants and bars as well as in the fine homes... you'll And, this world-favourite of beers!
Because Pabst Blue Ribbon is in a class. by itself. The lighter, zestler beer for keener refreshment. Nothing heavy or syrupy to slow up its delightfully invigorating action.
And wherever you order Pabst you'll find it always the same, "Pure, Delicious. Wholesome.
thirst- For in every tangy, quenching drop, we give you Guarded Good- ness from Grain to Glass.. your absolute guarantee of the highest quality that Nature, 95-Year Skull and Modern Scientifle Conticí. can produce.
DODWELL & CO., LTD.
Queen's Building
Tel: 20636.
The information given above Canada is turning out guns, shella, This young country. has become was revealed accidentally; it was ammunition. bombs, aeroplanes, one of the great industrial naa leading producer of aluminium. -contributed 90 per cent of the
and components for tanks.
tions of the world, chiefly through the "Production in Canada today is her rich natural resources in farta plane
mast essential of war- total mineral production... at a rate surpassing anything ever lands, abundance of cheap elec-Dominion is listed
metals. Likewise, the
Base metal production, in Cana Among trical power, her forest wealth chief producers of gold and silver. of vital war metals requiring the the da has provided a large reservoir and her vast mineral deposits Canada's 1840 production of gold minimum of ocean transport for Her mining and metallurgical alone is estimated at $200,000,000: delivery to the British armament dustries have become leading and. in providing credits for war industries. It world producers of copper. nickel. purchases abroad, gold production foreign exchange by reducing the conserves Empire lead and zine-four of the most is of prime corsequence.
purchases of these metals which would otherwise have to be made
INDIAN RAILWAY BUDGET
COMMITTEE TO DEAL WITH
unprecedentedly large sur-
SHIPBUILDING SYDNEY.-The Federal Govern
essential war minerals-and of asbestos and platinum.
MINERALS
They produce large quantities of Canada's total mineral produc- from neutral countries. Because.. such other minerals essential to ion for 1940, given an impetus by of low production costs, it come plus of gearly £11,000,000, ex-ment will set up a small executive Industrial use as coal, petroleum, the demands of war, is estimated serves the financial resources of $315 ceeding the previous year's surplus committee to deal with merchant natural gas, gypsum, salt, cobalt, at an all-time record of $500.000,- the Empire.
by over £7,500,000, is revealed shipbuilding
XD. 82
Bank of East Asia..... $70
$70
N. O. & B. Banks.....
T5 ct. An
Insurances
#216
Canton InsurLOCOS....
Taion Therances...... 428
Underwriters!
60 cts.
$170. Fires.....
$170
Shipping
$125 $31
$30
$1
$9
Steamboats
$3,13
$31
83.10
$135 Douglases
980
860
Indo-Chinas (Prof.)...
Indo-Chinas Def.)
41/10 Shells
87 Waterbents
$5.15/20...
816
Docks, Wharves Godowns. etc.
H.K. & K. Wharves. Providents
H.K. Docks (Old).....
H.E. Docks (New)....:]
$28 +Shanghai Dooks......
17/0
Keilans
Mining
*8 Raubacque
1 cts., Hong Kong Mines......
***
Lands, Hotels and
Buildings
H.K. & 8. Hotel.......
FLK. Landa......
1974 Do. 4% Debentures....
$12.20 Shanghai Lande.........
H.K. Realties..
Humphreys .................
Chinese Estates.........
Cotton Mill.
Turkmen
'hai Cottons (8.)....)
Zoong Sings (8.).................... Wing On Textiles (8.)
Pablic Utilities.
|H.K. Tramways..
$6.70
$98
$45 $186
Ewo (8.)
$8.20
$41 $40.90
$93+
.......$311
$162
Peak Trams (old)....
93
Peak Truma (new)..
20% Star Ferries.
$24
Y'mati Ferries....
$17.80 $16.80
#24
$241
$17.90
:::::
$10.00
1.11
86.70
:
* !
#
$1.85
#411
41.10
China Lights (0)..... $.20 $1.97 China Lights (New).
ELK. Electrice Qurs....
H. K. Klectric New)..... Macao Electrics (Old) Macho Electrics (New) Sandakan Lights. Telephone (ok). Telephones (D#W)............]
S'pore Tractions (Ord.) Industrials
Cald., Macy, (Ord.) 8.
$95 Call, Mang. (Prat)8
#2 Canton Icos..
$12
$24/24)
$9
$30
2 !
it:
Cements
$17:10
$8.15
H.K: Roper
8.10|
AMA
H.K. Govt, Lonza
#941
$97 4% Loan
31% (1934)
994 31%
(1940).
Miscellaneous
$18 Dairy Farms... Entertainmente
$1.60 Constructions (old)... #Constractions (new)....
$7.10
$7 Lane Crawfords........
Nanyang Tobacco...... $3.80 $2,169farere
$11/10,90
49
Watsons
Ch. 0.5% '18250$Bd£.
H.K. Wing On
S'hai Wing Un
17.10 Vibro Piling
6/6 Marsmana. Inv, (Lon,)
3/6
Marsmans Iov: (H.K.)
$1.50 Wm. Powells
China Lights(Bigbts)
+Bala to Shanghai'
1-$2.15
95
in Australia, the mica, sulphur, selenium and cad-000. Ten "mine products--copper, Thus, with this vast wealth of the Indian railway budget for Prime Minister announced.
mium as well as cement, clay pro- nickel, lead, gold, silver, the plati- natural résources competently 1940/1941.
The proposal to create the com-ducts and other structural maternum metals, coal, petroleum, and I placed in the hands of a freedom-
fals Owing to her abundance of natural gas, all of greatest im-loving people. Carada cheap electrical power, Canada isportance in national war economy ahead.
Although no announcement
In presenting the budget, the mittee was approved by the War Government spokesman said that Cabinet, traffic connected with the war $60 effort was the preponderant factor 41/10th the surplus. Furthermore, 305
$7
miles of railway line had been dis- mantled during the year for pur- poses of war economy,
I.D. $5 10
All available skilled labour, ma-" 864terials and machine-tools
$10 820
17/0
$8
-3 20
8874
*3.16
were
required for war work, the spokes. man said, and particularly for munitions, and many of the work- shops are now entirel ocupled by war work
on personnel has been made, it is strongly reported that the leader of the Labour (Non- Communist) Party in the Federal Parliament (Mr. Beas- ley) will be offered a place on the committee as an authority "on the industrial `problems in
the industry.
Mr. Menzies said that the com- mittee would work in conjunction with the Minister fot Supply (Senator McBride); in whose de-
U.S. FOOD SUPPLIES partment it would be created!""
FOR BRITAIN
PRIVATE ENTERPRISE While the committee would be executive functions, the
PRE-PAID ADVERTISEMENTS.
The following classes of advertisements are charged at the price grew 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
If Charges collected, $2.00.
Bate of $1.50 for THREE INSERTIONS.
WANTED TO BUY
WASHINGTON, Mar, 19 ̊ (Renter) given President Roosevelt revealed yes-Government desired that as far as terday that he had asked the possible shipbuilding should be WE PAY HIGH PRICES public health service to prepare carried out by private enterprise, for all gold and silver articles. a list of foods, including vitamins. Mr. Menzies said.
Jade diamonds, jewels, watches, needed by Britain and other de- $200mocracies;
$45
$125
મા
An investigation was being made fountain pens. Apply Far East
of the constructional facilities now Diamond and Gold Refining Co. Most of the food to be furnished, available and the War Cabinet was he said, would be sent to Britain directing but other democracies were $7.40 volved and also Spain.
$3.75
2541
822
an investigation into Room 621, China Building, 6th in-business aspects of the industry... floor. (Store will open on Sun-
Mr. Menzies hinted that yards daya and Holidays). President Roosevelt added that and alips now being used for naval the Red Cross was completing ship building might soon be used. arrangements for two cargoes of to lay down merchant ships. food to be sent to Unoccupied France.
U.K. PRODUCTION
OF AIRCRAFT
LONDON, Mar 19 (Beuter) More aircraft, both bombers and fighters, were produced in Britain during February than in any pre- 75 ots.vious month during the war.
97'/.
$18
$1.65
#7}
This announced in the
was
House of Commons yesterday by Colonel J.J. Lieweltin, Parliamen- tary Secretary to the Ministry of Aircraft Production,
He said the Government had already adopted a pro- gramme involving the CUD- struction of no fewer than 51 naval vessels. 13267
General Agent: Chan Che Kee No: 4, Lyndhurst Terrace. Tel 26402.
WE PAY HIGH PRICES This programme was proceeding for all gold and silver articles, 80 satisfactorily that it was now gold bars, diamonds and jewels, possible to look forward to enter Apply China Gold Refining Co. ing into the wider field of mer Pedder Building, 2nd door, Room 6. chant shipbuilding."
NATIONAL AIR RAID DISTRESS FUND
WE OFFER HIGH PRICES for any amount of gold articles, LONDON, March 19 Heuter diamonds, sliver, Jewels, etc. No A contribution of £1,000 from the holidays. Apply China Buliding. Central British War Fund, from 17th door. Tel. 30727. Eurasia Gold Shanghai was among the contribu-Refsing Co. tions received yesterday.
New Copper Deposits This makes the total of the Lord
In Spain
Considerable copper deposits
| 810.75//10.80° | have been discovered in the, Ayora
$49
Mayor's National Air Raid Distress Fund to £2,286,000
WANTED KNOWN
NEW DELHI, Mar 19 (Renter) Experienced Book-keeper Wants 35% Valley. It was disclosed in Valen-The Rat spokesman, announced students to form a class. Guaran→
Idah
that Indian Trade Commissioners tee students to keep a whole set of The deposits cover an area of wil shortly be appointed to books after completion of a course 2,125 acres. The newly-discovered Canada and South America.
of 6 months. For Term and Par copper fields are expected to yield Sir James izgested in the ticulars. Flease Apply toBux $1.30 8.500 con Annual after five Assembly think the potatment Net 462 [2/O:HKDP--
years. thus greatly strengthening of representativen to Forms and Spain's copper supply
Maliye, wound not be everlooked.
HOTELS
FOR JADED APPETITES!
REAL RUSSIAN FOOD
Tiffin $1.20 *
Dinner-$1.50
METROPOLE HOTEL
BUTTERICK
Expert Ladies Tailor
New Style Ready Made Dresses, Overcoats and Costumes
FOR SALE. -
16, Wyndham Street.
TAILOR
Tel: 23815
LAM SHIU SHEK 334, Nathan Boad, Kowloon, Tel 57712. Guaranteed delivery 1. suit in 24 hours notice and 6 hours
ENGRAVERS
FEI FEI & CO. Photo Engravers
18. Cochrane Street, Telephone No. 22224.
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GREXIEST COLLECTION OF BARGAINS IN TOBY
1.YMEME ALTS MOTION len d
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TEA DANCE. DAILY
EXCEPT MONDAYS
5 to 7.30 PM.
Jimmy's
Help Your Friend and his Hobby by giving POSTAGE STAMPS
for
his COLLECTIONS
fond
SEEDS
his GARDEN We can apply the goods of his and your want
GRACA & CO. Dealers in postage stampa and garden seeds etc. No. 10 Wyndham Street.
stablished 1995 HÓNG
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