HONGKONG DAILY PRESS
REVIEW OF AMERICAN INDUSTRY
HUGE FACTORIES GO INTO ACTION: ACTIVITY MARKS NEW DECADE
The year 1948 may go down as the one in which the great industrial giant that is Americi awoke.
The year drew to a close with the molten steel belching from the furnaces of Pittsburgh, Gary and Birmingham at a rate unequalled in 1917 or in 1929.
But the Industrial giant-holding in his fists some 40 per cent of the world's productive capacity-awoke late. Congress, which had
conserva among the darker aspects of the tively whittled down requested" de- ¡ picture. fence appropriations in the win-
If the stock market still mirrors
ter, hastened to vote billions for the hopes of business, its action planes, guns and ships.
scarcely indicates the profit hopes Britain, after months of caretut jeven of 1936. While indices of in- purchasing from American planta, dustrial production are far above higgling over terms, began calling a year ago, stock prices are well for everything Uncle Sam could under. deliver
J
Nevertheless, muy economists Even now, with output of steel, and experts hope the arms boom. vital machine tools, and aeroplanes will at some time in the future" be straining present capacity, we are looked back upon as impetus that Just getting started. Aeroplane finally put the depression-stalled production is still reckoned in machinery of Uncle Sam back to hundreds
of work, providing - full a month, instead
employment thousands.
and a better life. America's unemployed by varied estimates. still number 8.000.000 to 8,000,000.
" The national income for 1940 të estimated at about $74,000,000,000. That is $4,000,000,000 · more than But few doubt 1941 wir see for 1939, and only $5.000.000.000 rapid Beceleration. A defence under 1829.
boom is freely predicted.. Jobs, tó be created are estimated all the way from a few hundred thousand (CIO) to 6,000,000 (Secretary of Labour Perkins)
FINANCE & GENERAL
Finance and Commerce
H.K. Stock Exchange
April, 0.
The market is dull but there
are no particular signs of weak- ness.
BUYERS
Bank of East Asia, $70. Union Ins.. $430. Indo-Chinas (Pref.), $80, Hotels D., $3. Humphreys, $8.80. Star Ferries, $52. Lights (Old), $52. Electrics: Rts, $15. Dairy Farms, $17.25.
SALES Providents, $5.30. Lights (Old), $8.20.
1941.
**
FRENCH TRADE WITH COLONIES
Striking Allegations Made In Commons
LONDON. Apt. 9 (Reuter)
Revolution In British
Taxation
LONDON,
Apr. 9
(Reuter)--
Budget proposals "were the chief tople of leaders in yesterday's Striking allegations about trade newspapers, both the London and between France and her colonies | provincial Press recognising the were made by the Liberal member, thoroughgoingness of the Chan- Mr. Geoffrey le Mander, In the cellar's plans. House of Commons - yesterday.
In a question, he suggested that the weekly crossings 'between France and Africa average 76;
The bringing in of the extra income- 3,000,000 lower bracket taxpayers, is stressed by all, the MANCHESTER QUARDIAN de- That ships pass Gibraltar from scribing it as "a revolution in Dakar, Morocco, Indo-China and British taxation."
General welcome the Antilles largely unchallenged;
is accorded And that imports between Octo- the introduction of the principle to such a level right away in ber and February amounted to of compulsory savings connected,
many tons of wine. meat. grain, with it,
The decision to omit fram, the In trying to assess the future. !peanut oll, fruit, fish, sugar, rum!
budget the cost of goods, received business men are asking such grave and cocos.
He wanted to know what the by Britain under the Lease, and "How long will the questions as. war last?" "What will happen to British Government is doing to Lend Act: is particularly approved U.S. own economy, and that of the prevent such articles reaching the by the DAILY TELEGRAPH, while the DAILY MAIL commenting on world for that matter, when it is enemy. over, and
Mr. Hugh Dalton. Minister for the higher income-tax, observes: Dreduction of arms
Economic Warfare, was not pre-There will be little or nothing le Man-left for pleasures and recreation, pared to accept all Mr. der's statement as, accurate, but yet the budget will be supported confessed that the state of affairs to use the Chancellor's words as receiving such conjectural answers referred to gave ground for "grave, tangible evidence of our firm re- solve to leave nothing undone to achieve victory."
ends?"
From each other, and from their experts and economists, ther
as these:
Dhe
WHAT IT SHOULD BE The Brookings Institution has (estimated that .9. productive 1.--An end of the war in Europe capacity in 1929, fully used, could which might take the form of an That A arms-generated boom
have procured a national Income Indecisive truce would no doubt aleave Uncle Sam still determined will bring the sort of prosperity of $100.000,000,000. With such
the nation has been national Income, current tax rates to Increase his arms. for which
would meet the Federal expendi struggling through a decade of depression, is something many are tures estimated for 1941.
dissatisfaction" and added that Britain in no degree waived her belligerent rights.
recon-
An
THE TIMES emphasising the great calls on the wealthy people writes: "At least this budget is an while seemingly not in early pros-effective answer to the silly sneers 2-A defeat of Britain would pect might well bring a
about 'plutocratic' countries with presumably intensify the drive to struction period resulting in which the dictators so tediously
enormous demand for American adorn their speeches." unwilling to predict. The huge That is merely to note a theorearm in America »
Cont'd Page 10, Col. 1 the prospect of "steeplytical potentiality, and
not to say
3.-Defeat of the Axis Powers, higher taxes, the possible disloca- that any authority is estimating tion of peace time trade, are that national income will Increase
costs.
CROSSWORD
NO. 863
ACROSS
1
Evade
6 Labor for
breath
10 Mother
12 Who was
ارحمی
3173
ין
A 14
20
14
HONGKONG SHARE QUOTATIONS
SHANEBROKERS'
STOCK EXCHANGE,
Ayer Ballers
Sales Noming),
WEDNESDAY.
9 APRIL.
Banks
$1350, H.K. Beakers
Do. (Col. Reg.)
Do. (Lon. Reg.)...
2784
£74
£87
Chartered Banks .......
2214 Mercantile. Bk., "A”.
£10
$70
3236
$430
$1
*
13
15
数
18
Senator from
Idaho (U.S.A.)
21 22
from 1907 to ... 1940?
2.5
26
127
28 29
13 Salla of
30
$80
oleic acid
15 Contest
34
31
135
32
33
36
37
16 Three-banded
armadillo
38
39
чо
17 Lofty
Jug
No3
18 What Indian
mountain
146
47
leader has
been an
52
1 : i
***
ASSOCIATION
Beyer Ballerm Anior Nomina
Mercantile Bk. “C”. Bank of East Asia... $71 N, C. S. Banks..... Insurances
Canton. Insurances.....
Union InanY RZICÍA......... Underwriter
8157 H.K. Fires.
Shipping
$135 Douglases
BB1
$60
Steamboats
Indo-Chinas (ProL)....... Indo-Chinas (Def.
40/74 Shells
ID. $6.56 Waterboats
Docks, Wharves.
Godowns, etc.
$33
ILK & K. Wharved.
85.35
Providents ....
$18
I.K. Docks (Old).....
*****
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JERUSALEM RATES
INCREASED
JERUSALEM, Apr. 9 (Reuter! A 25 per cent, increase in rates has been decided on by the Jeru- salem Municipal Council,
The Increase is due to the gen eral destre in Palestine to
eyst $1360 the burden on British tax-payers £784
£74
£8
£s
£10
IB ct.
$226 $4321
who contribute grants towards the expenses of the Palestine municipalities.
Drastic provisions of the Bri- tish Budget have greatly impress- ed all quarters in Palestine and the high rate was announced sub- sequent to the publication of the
80 cts Budget Agures.
$100
$12K
$80K
$80
40/7
$7
$58
$5.40
$15.80
$291
THURSDAY, APRIL 10, 1941. --PAGE
of Australia
Product of
TOLLEY'S
Pure Grape
BRANDY
AN EXCELLENT
AUSTRALIAN BRANDY
AT AN EXCEPTIONALLY
LOW PRICE.
Obtainable at
all wine dealers.
Sole Agents:
DODWELL & CO., LTD..
KIRIN
The
B
E
E
R
Choice of
The Multitude
Sole Agents:-
H. HONDA
Tel. 20730.
& CO.
40, Johnston Road, Hong Kon
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,
advocate nf
passive..
resistance?
20 Dwellings
21 Australian
bird
23 Poem
H
24 Decay.
25 Beverage
26 Cause to rua
off the rails
28. Behold!
30 What
American composer wrote The King's Henchman? 32 Inclined
the head 34 Indennite
article
35 Express
agreement
37 Conjunction
38 Piece out
39 Fish eggS
40 Thing:
in law
41 Bird
43 What is the name of the famous planetarium in New Yort?
45 Native.
1 compouna
48 What Is the
frst name of
the dramatist who collab- orated on "Once in a Lifetime:" Hart?
53
54
47 What nero
refused to
Pay homage
to the hat of.. Gessler? What great dramatist wrote Dr. Faustus?
52 Leaf of a
book
53 Printer's
measure
54 Imitates
55 To set in
V: DOWN
1 Decline
2 Game at
cards
3
What is the smallest of the "
independent countries of South America?
4 Facts
5 Exclamation
6 Burrowing rodent
7 Mountains
in Turkestan
8 Weight of
India
9 Father
10 Dissolve
11 Berpents
.14 Tight
16 Snakes
19 Knotty
20 Retaini
.name
22 Signify
24 Created an
uproar
27 Harasses
28 Smooth
29 Unequal :
things
31 What is the
missing part
of the title of
the famous
Scott poem: The Lady of the ?
33 Annual
grasses
$6.80
#99
$3
ID.
X.Rta.
:
E
$6,20
H.K. Docks (No)....
82018hanghai Docks..
16/0
$8
Kailan
Ranbe
Mining
1 cta.ong Kong Mines..... Lands, Hotels and Buildings
H.K. & S. Botel...... $33.K. Lands............... 1971
Do. 4% Debenture..........
112 Shanghai Lands....... 83.10 HK Realtian.
$43
$200
Haraphreys .............. Chinese, Estates................. Cotton Mills
EWD (9.)
8'hai Cottons (8.)........
Zoong Sings (6.)...... Wing On Textiles (8.) Public Utilities 8181H.K. Tramway........
Peak Trama (old)... Peak Trams (now).
$7
$53 Star Ferries.
35 Obliterates
$5% $231
39 Always
41 Cupola
42 Seaport of Algeria
43. Who was the
Inventor of
the sewing machine?
44 English
public
school
48 Cleaning
Implement
18 Prevaricate
what Biblical character was changed into.
C.D.
10/0
$8
$8.70
......
TO LET
HOTELS
FOR JADED APPETITES!
$71
$33
$53
y'mali Ferries....
$234
Chin Lighta
814
China Lights (New)..
$8.15 $1
$8.50
tieulars.
No 463
$26.20 . K. Electrics (1014)... $25. K. Klectrical New).. 118 Macao Electrics (Old)
J
X.R. 1 $26.20
$251
$12
123
$9
$17 Macno Electrica (New)
Telephones: (öld)....................
Telephones (n®W)......
S'pore Tractions (Ord."
Industrials
$30 | Cold,, Maeg. (Ord.) B
$26 | Cald., Mang. (Pref.)3'
Canton Ices..
Cerdenta
H.K... Ropes
General Agent: Chan Che Kee No: 4, Lyndhurst Terrace. Tel 26402
Sandakan Light.......
#93 $9.30
$1
I.D. #72/7
$16
49 The wife of
HK. Gert, Louna
397 4% Loan
$044 31% $94 81%
H
(1934)....
a pillar of salt?
$17
***
4.
51 Note of the
scxle
(1940)....
Miscellaneous
Dairy Farms............
Entertainments ........
$1.60 Constructions (old)...
Constructions (now)..
52 Intermediate
tone
21 Feminine SOLUTION TOMORROW
Solution No. 862 "A∙L'AMO 1418 0 FAB SUPER ABUNDANT ITEM IDONTANTE DIDIT UNISTE LA EN PALETOTIEM. AGIAN TIERRORI
T-TVI ATITAW ¶¶ TANGST DIMLY 1 BAR Í TENURE SIE S WARTRA NIS¶ELL ADAMI PIETIS LE RECONSTRUCTED ERATO 1118EEDS
S
*** TI
$3.27
Shop space. with window, in best $33 district, early next month. Reply 197giving line of business to box 200
H K. D. P.
$3,15
WANTED TO BUY
WE PAY HIGH PRICES
$45
3200
#
$125
for all gold and silver articles.
Jade diamonds, jewels, watches,
Diamond and Gold Refining Co.
REAL RUSSIAN FOOD
Tiffin $1 20
Dinner $1.50
METROPOLE HOTEL
WANTED KNOWN
Experienced Book-keeper Wants
16 fountain pens. Apply Far East Students to form a class. Quaran-
75 eta
$18
97%
94
tee students to keep a whole set of,
Room 621, China Building, 6th books after completion of a course floor. (Store will open on Sun-of 6 months. For Term and Par- days and Holidays).
Please Apply to:-Box elo H.KD.P
BUTTERICK
Expert Ladies Tallor ** New Style Ready Made Dresses, Overcoats and Costumes FOR SALE.
WE PAY HIGH PRICES for all gold and silver articles. gold bare, diamonds and jewels, Apply China Gold Refining Co. 16, Wyndham Street. Pedder Buliding, 2nd floor, Room 6.
་་
WE OFFER HIGH PRICES for алу amount of gold articles, diamonds, silver, fewels, etc. No holidays. Apply China Building, #17; 7th floor. Tel. 30727, Eurasia Gold
Refining Co.
35°
$1*90
HONGKONG:::
SHAREBROKERS"
ASSOCIATION
Volume of Businem Transseted on Wednesday, April 9, 1941.
SALES
500 $5.30 The total value is $2,850,00
15) China Providenzá
ENGRAVERS
Tel. 23015
FEI FEI & Co. Photo Engravers
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for
hir COLLECTIONS and SEEDS
for
his GARDEN-
We can supply the goods of his and your want
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garden seeds etc.. No. 10 Wyndham Street. Established 1808 HONG KONG
WANT ADS
ARE SURE!
36.40
$1.65
$1
#7]
Lane Crawfords...........
#72
no
$2.16 Sinceres
Nanyang Tobacco......
$3.85
12:15
Watsons
$10
-49
$39
| Ch. 0.5% 1925G$Bda:
K. Wing On ......
B'bai Wing.UD
$7.90 Vibro Piling
6/3 Maremans Inv. (Lon.
2/6 Maramans Inv. (H.K:1.
$1.00 Wm. Powells
16
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**
$12
$14
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