1941-04-29 — Page 9

HONGKONG DAILY PRESS

FINANCE & GENERAL

T. V. Soong Expresses TRIBUTE TO CHINESE PRESS COMMENTS Appreciation Of Democracies' CHUNGKING ON LOAN AGREEMENTS

IJ

Support To China

• WASHINGTON. Apr. 27 (Central)—In" an exclusive Interview with CENTRAL NEWS, DR. T. V. SOONG, Chairman of the Board of Directors of the Bank of China, declared that the stabilization fund agreements signed between China and America and China and Great Britain for the support of the Chinese currency have shown at this Juncture that the two great western Democracies are not merely "fair weather” friends. Dr. Soong successfully con- cluded the US$50,000,000 stabilization fund agreement with the United States' Treasury and the £5,000,000 fund, agreement with the British Treasury

LEADERS

Chinese 'leaders there who, he said,

W

Favourable comments are made by the local Chinese Press re- garding the loan agreements signed by the United States and Great Britain simultaneously on April 25 for the stabilisation of the Chi- nese currency.

ty-

The SING TAQ JIH PAQ says that the agreements. concluded after the Japan-Soviet Neutrality Pact, are of greater political than economic significance. Britain's toan is all the more appreciated by China in view of her own present difficulties in Europe.

the

WAH KIU YAT PO says

In an interview with CENTRAL NEWS, Mr. Hloc Njan-Yoeng (Chiu Yuan-yung), director of the N.V. Haridel M Toeng Sheng and also president of the Chinese Chamber of Commerce in Batavia, who re-

In order that the loans may That the agreements were sign- turned to Hongkong on Apr 23 further strengthen the Chinese ed on the same day as the ratinca- after a two-week visit to Chung-legal tender and China's financial tion of the Japan-Soviet Neutral- king, paid a glowing tribute to the structure, the Journal opines. ty Pact by Tokyo and Moscow is are all working overtime for the efforts must be made to forestall no mere coincidence, the paper war of resistance and national re-exchange with Chinese dollars,

Japanese obtaining foreign points out. Dr. Soong said that on March stabilization fund' which was set

The construction. 15. President Roosevelt in a world- | up in 1939. This agreement closely

He said that he was most deeply prevent the flight of Chinese capi- that the significance of America's wide broadcast from Washington | parallels the "agreement between.

tal and suppress speculation on loan agreement with China not declared: "China likewise express--the United States and China,

Impressed by the tremendous the black market.

only lies in the further consolida- es the magnificent will of "These Stablization funds will provement of the quality of the

The TA KUNG PAO says that tion of the Chinese financia; struc- millions of plain people to resist be managed by a five-man Board Chinese Army. Illiteracy was mark the simultaneous signing of the ture but also in the indication dismemberment of their nation. which China is creating. The edly absent among the rank and China through... Generalissimo board will consist of three Chin-file and several gendarmes he had United States and British loan that the United States policy to- agreements with China indicates wards China remains unchanged our ese, one American to be appointed met were graduates of junior mid- the close co-operation of the two and that she is unperturbed biz help America has said that China by China on the recommendation die schools.

countries in the Far East. It also the Soviet-Japanèse Neutrality shall have our help." It is a of the Secretary of the. Treasury While in the wartime capital, Mr. refects the futility and ineffec-Pact. promise which, Dr. Soong continu and one Britisher to be appointed Aloe met Mr. Lin Sen, Chairman tiveness of Japan's recent "diplo- The agreement, the journal ed, is now being redeemed in the on the recommendation of the of the National Government, Gen-matic offensive? against the states, may be considered 18 a Reid of finance and currency as British Treasury."

eralissimo Chiang Kai-shek and United States.

crushing blow to Japan who is well as in all other ways,

practically all the Presidents of

hoping to cash in on her recent the five Yuan and the different Leading

Pact with Russia.-(Central). · Ministers.

Chiang Kai-shek asks for

American newspapers

JOINT STATEMENT

20 YEARS

-

such tablets to China in the course of last year,

Reincarnation Of Panchen Lama

KANGTING, Apr. 28. (Central)- Three children who are believed to be the reincarnation of the later Panchen Lama, Buddhist Pontia of Tibet, have been found in Chinghal (Kokonor), according to Ting Chieh Hutukhtar who arrived here yesterday.

Another child, with singular characteristics, who is also believed to be the reincarnation has been found in the district of Lathuo in

CHECK FLUCTUATION The following statement was is gave prominence to the report of sued by the British Embassy: ::It the conclusion of the stabilisation will be remembered that in 1939 fund agreement. Some American fund was set up of which £5,-

A native of Melhsien, Kwang-

As a result of the intense patrio- was guaranteed by His cbservers interpreted the agree-C00.000

tung, Mr. Hloe has been in Batavia tism of the Chinese in the NEL. Treasury under the ment as an answer to the Soviet- Majesty's

for some 20 years. He said that he asserted. Wang Ching-wel's Japanese Neutrality Pact signed China (currency stabilization) Act there are about 1,300,000 Chinese agents are unable to set foot on recently and intimation of the de-in order to check the undue duc in the Netherlands East Indies, the country nor can Japanese pro- termination of the United States tuation in the sterling value of mostly engaged in export and impaganda find its way there. to encourage and support China the Chinese Yuan and in Decem-oort, and mall retail business.

Regarding the recent Japanese- to continue her struggle against ter last His Majesty's Govern- since the start of the current NEI. economic talks, Mr. Hloe Japan at a time when Japanese ment decided in addition to make hostilities, they have contributed a said that they have been conduct militarists are preparing to bring available another credit of £5,- total of 100,000,000 quinine tablets ed behind closed doors and little

000,000 to the Chinese Government to China in addition to huge news has leaked out, further pressure upon China.

for the same purpose.

"Negotiations have been pro- chest. The Chinese In

amounts of funds for the war. Mr. Hoe will return to Batavia The following joint statement ceeding on technical measures to alone, he said, sent over 10,000.000 Hongkong.

Batavia after about a fortnight's stay in was made by the Secretary of thẻ | carry this offer into effect. These Treasury, Mr. Henry Morgenthau, negotiations have resulted in the Jr., and His Excellency Dr. T. V. conclusion of an agreement which Soong representing the Republic has been signed in Washington by

of China.

Sir Frederick Phillips on behalf of important step nas His Majesty's Treasury and been taken in the field of moneta- His Excellency Dr. T. V. Soong' on- ry co-operation between the Unit-behalf of the Government of ed States and China by the sign-China. This constitute a further Ing of a stabilization agreement important step in the field of involving the purchase of the monetary co-operation between Chinese Yuan by the United States the United Kingdom and China stabilization fund to the amount of US$50,000,000. The agreement provides under conditions accep- "This agreement, closely parallel table to both partles for the to the agreement which was an- establishment by China of anounced by the the Secretary of United States Dollar-Chinese Yuan the United States' Treasury and Stabilization Fund. Included, in His Excellency T. V. Scong, has the fund's resources will be the also been signed today between, dollars acquired by the United the United States and China and States through, the purchase of which Involves, the establishment the Chinese Yuan and à further by China of a United States Dol- sum of US$20,000,000 contributed lar-Chinese Yuan stabilization by the Chinese Government banks, fund and the purchase of the "This is a co-operative agrec- Chinese Yuan by the United Sta- ment entered into between friend. tes to the amount of US$50,000.- ly nations that are working, toge- |b00. ther in many ways to preserve

HONGKONG SHARE QUOTATIONS Skong province,

"Another

and symbolises the friendly rela-i tions between the two countries.

"These stabilization funds will

their basic freedoms. Aside from be managed by a stabilization the purpose of stabilizing the re- Board which is being set up by the lationship between the currencles Chinese Government. The Board concerned, it shall be an impor-will consist of Ave members, three tant factor for fostering the wel-of whom will be Chinese, one fare of the participating countries. | American to be appointed by

"China has also entered into an China on the recommendation of agreement with the British Trea- the Secretary of the United States' sury under which a £5,000,000 is Treasury and one British to be provided for currency stabilization appointed on the recommendation in addition to the existing British of His Majesty's Treasury."

SHANGHAI RICE

SHORTAGE

སྐན་ཡ་-ད་ཉི་ད་ --་

HONGKONG TO SHIP

MONTHLY SUPPLY CHUNGKING, Apr. 28 (Central)

CHINESE WARTIME

BONDS IN HONGKONG

The campaign for subscriptions

STOCK EXCHANGE,

£3.40

ii si

Ecllors Salon

Komia

SHAREBROKERS ASSOCIATION

MONDAY 28 APRIL. Banks

Do. (Col. Rag.)

$1340

H.K. Banks

278,

£71

Do. Lon. Eeg.)

Exa

Chartered Banks

522

Mercantile Bko. "A"

£11

Mercantile Hkr. "C".

Bank of East Asia....

N. C. & 8. Banku..... Insurances

*430

:::

82231 Carton Inrarance...m

Inion Insurancos......

Underwritera

$187 H.K. Firos.

Shipping

$135 Douglases

Steamboats........... Indo-Chinas (Prot.)... Indo-Chinas (Def.)....

Shelis

$8.50 Waterboste

Docks, Wharven,

„Godowns, etc.

$80

$60

40/7

!!!

::

$2.80

Bellere Bager

$70

1.

19 1:

8427

2 Homina

*****

$1340 £78

After a brief stay in Kangting. Ting Chieh Hutukhto will go to Chinghal to determine the true re- Incarnation with the different Kan Pu (Abbots). After the true suc- cessor is found, recognition will be sought from the National Govern- £71ment, and he will be escorted to Tibet to assume his spiritual post. The late Panchen Lama died at Jyekundo, Chinghai, on November 30, 1937, while on his way back to 15 et Tibet under instructions from the, National Government. He $29 Tibet in 1934, and had since re- 80 cta

mained in China Proper. During 1932, he paid visits to Nanking and Pelping.

Est

9221

£11

$187

$195

$80

$80

40/7

$61

85

11.K. & K. Wharred...

896

$5

Providents

roman

$42

$15

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

$15

H.K. Docks (New).........

825

+Shanghai Dock.......

8244

Mining

14/0

14/0

18

$8

Kailang

Ranba

$33

cts, Hong Kong Mines......

Lands. Hotels and Buildings

H.K. & S. Hotala....... H.K. Lands..

197 Do. 4% Debentures.... 12.6 Shanghai Lands....... 82.90 H.K. Realtime..

16,70 Humphreys

€99

Chinese Estate......

Cotton Mills'

2371 Eva (8.)

$2008'bai Cottons (8.)... Zoong Sings (8.).............. Wing On Textiles (8.)) Public Utilities H.K. Tramways................. Peat, Trams (old).... Peak Trams (new). $52 Star Ferries

$23Y'mati Ferries.....

$16.20 $15.90

The Shanghai Municipal Council

has announced that arrangements to the N.C.$1,200,000,000 Military have been made with Hongkong Supply Bonds, the U.S.$50,000,000 whereby a regular monthly supply and

$3

£10,000,000

Reconstruction

301

$2.95

$33

454

$6.70

#37) $200

$125

2

$16.15

$7+ $34

351

$231

China Lights (0

$6

81

Chiza Lights (New)...

$14

X.Rts. 826 H. K. Electrics (Old)... X.R. | $264

$28

H. K. Metrica(New)....

$147

E.K Electrio (Rs.)

$25

$144

X.D. $17

$12

123

101

Macho Electrics (Old)

Macso Electrics (New) Sandakan Lights...... Telephone (old)........ Telephones (new)

Industriais

$30

Cald, Macg. (Ord.) §.|

$25.

Cald., Macg. (Prof.)8.

.81

Canton Ices.

$15

$T

H.K. Ropes

of fee will be obtained from the Bonds floated by the Chinese British Colony unless unexpected Government has been started in circumstances intervene, according

to a Shanghal dispatch,

Hongkong," according to informa-

12

tion from the Hongkong Chinese Wartime Bonds Committee.

The rice when received Shanghai will be sold to the rice shops at around N.C.3130 per bale

To boost the subcriptions a war- time bonds committee will be

which is $20 cheaper than the pre-formed in every Chinese organisa- sent market prices.

tion and school in the Colony..

SAIGON RICE

The Bank of China, the Bank Meanwhile, it is learned that to relieve the rice shortage in Shang- of Communications, the Bank of hai a Thai steamship company has East Asia, the Overseas Chinese commissioned a steamer to ship Banking Corporation, the Shang- rice from Bangkok to Shanghai.

hat Commerical and Savings Bank,

With a cargo of 3,000 tons of the Bank of Canton, the Bank of Saigon rice it has already left Kwangel, and other Chinese banks Bangkok and is expected to arrive in Hongkong have been authorised in Shanghai today.

to receive subscriptions on behalf Four more steamers will be of the Wartime Bonds Committee. commissioned for rice shipment,

SHENSI PROMOTES HORSE-BREEDING

A meeting of the Committee was held a few days ago to discuss

measures for pushing the sales of the bonds. Those present at the meeting included Bir Shonson Chow (Chairman), Messrs. Cheng To promote horse and mule pro- duction. the Shensi

Tieh-ju Kan Tung po, Ip Lan- Provincial Government has selected Sian, chun. Li Kun-chun; Fung Fuk- Paochi and Hingping as expert- tien and Li Cho-son.

mental districts for horse and

mule breeding.

four Government banks in Sian The authorities are negotiating for a loan of $600,000 to finance! with the branch offices of the the project -~-~(Central: Newa).

Cementensednoszeni

H.K. Govt. Louns

3974% Loan 8941 31% $94 31%

H

(1934). (1940).. Miscellaneous #171Dairy Farms...

$61 Entertainments. $1.20 Constructions fold)... $1 Constructions (now)....

-**

171 Lane Crawfonds:....... Nanyang Tobacco...... $2.15. Sinceres ...........********

$91 Watsons

28 Ch. 0.5% 1325G$Bdı.

$39.K. Wing On

S'hai Wing

17.90 Vibro Piling

8/3 Marsmans Inv. (Lon.))

Martians Inv. (HK)

2/8

Wm. Powell..nileg

Lights, R

tale to Shanghai

-left

TUESDAY, APRIL 29, 1941.-PAGE

SAY

Gordon's

...and know what you're drinking

GORDON'S

DRY GIN

DESTILLERY LONDON.

NO COLOURING MATTER

NO

INJURIOUS INGREDIENTS.

KIRIN

The

B

E

E

R

Choice of

The Multitude

Sole Agents-

H. HONDA & CO.

Tol 20720.

40, Johnston Road, Hong Kong

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.

FLAT TO LET-Cement Concrete European Style House-1st Geor $974 No. 23 Ho Mun Tin Street, Kow- loom 31 feet Wide, 125. feet Long. Facing East. dore, Mackinnon, Mackenzie & Co., Telephone No. 21331.

WE OFFER HIGH PRICES for any amount

of gold articles, diamonds, silver, jewels, etc: No floor. Tel. holidays. Apply China Building, 7th Apply to Compra-

2:25

WANTED KNOWN

Experienced Book-keeper Wantá Students to form a class. Quarab- Lee'students to keep a whole set of Qooks after completion at a course v 6 months. Fór Term and Par- ticulars. Please Apply to:-Box NO. 462 210 HKDF

WANTED TO BUY

WE PAY HIGH PRICES #23 for all gold and silver articles. $9.50 Jade diamonds, jewels, watches, fountain pens. Apply Far East Diamond and Gold Refining Co.

76 ots. Room 621, China Building, 6th 16,

floor. (Store will open or Sun- days and Holidays).

$18

· $7.15-

971

941

$171

$61

General Agent: Chan Che Kee No: 4, Lyndhurst Terrace. Tel 26402.

$1.65 WE PAY HIGH PRICES

for all gold and silver articles, gold bars, diamonds and jewels. Apply China Gold Refining ... Co. Pedder Building, 2nd floor. Room 6.

WANT-ADS are Seen!

30727,

EURASIA GOLD REFINING CO.

FOR JADED APPEITIES!

HOTELS

REAL RUSSIAN FOOD

Tiff $1.20

Dinner $1.50

METROPOLE HOTEL

BUTTERICK

Expert Ladies Tallor

New Style Ready Made Dresses,

** Overcoats and Costumes

FOR SALE. Wyndham Street. Tel. 23815

ENGRAVERS

FEI FEI & CO. Photo Engravers

18, Cochrane Streeti

Telephone No. 22224,

AUCTIONEERS

ORLAEESA GRELECTRON BARGAINS IN TOBYN:

东]

LAAMID ITS

SUCHON BOOM

tor

TEA DANCE DAILY

EXCEPT MONDAYS

5 to 7.30 P.M.

Jimmy's

Help Your Friend and his Hobby by giving POSTAGE STAMPS

esfor

his COLLECTIONS

"Kand

SEEDS for

his GARDEN

We can supply the goods

of his and your want

GRACA & CO

Dealers in postage stamps

garden seeds etc.

No. 10 Wyndham Street, Established 1896 HONG KONG

87

$2.90 89.20

$42