1941-05-08 — Page 9

HONGKONG DAILY PRESS

FINANCE & GENERAL

COMMONS WAR DEBATE THE HONGKONG FIRE Canada's Trade With The

threats.

Continued from Page 4.

INSURANCE CO.

The General Managers and Con- kong Fire Insurance Co., Ltd., will sulting Committee of the Hong-

United States In 1940

excess

would be sufficient to meet any Simovitch, the whole story might

have been different. But none of recommend at

The necessities of war and the need for Talted States dollar Ex- After a brief interval we decid- these things can detract from the Meeting of. Shareholders to be United States have given Increased importance to

the forthcoming change to finance purchases of war materials and supplies in the ed that all of us should go to courage of the decision which the held on May 21 the payment on relations with that country. Canadian

Canada's trade Athens. I say all of us but I ought Yugoslav people eventually took.

commodity account of the year 1939 of a countries exceed our total imports in

exports to all to exclude the C-in-C, Mediter

"We have pledged ourselves to Dividend of $11 per share absorbing value of exports over imports in 1940. $111 million, was the smallest

value, although the ranean. Admiral Sir Andrew Cunredeem Yugoslavia's independence $440,000; to pass the balance of reported since 1932. When this balance is analysed. It is apparent ningham, who had at that moment and that pledge will be honoured $229,935.45 to credit of Reinsurance that Canada has a large favourable balance with Great Britain and one of his occasional appointments (Cheers).

Fund and to carry forward $741-other countries of the sterling bloc but with an elusive enemy (Battle of

199.92 in respect of the year 1940. with the United States. Mataran)

•

TURKEY INFORMED

"The Greek King and Prime

While we were in the Middle Minister at once made it abundant Bass we had frequent opportuni- ly clear that Greece was deter ties for conversations with Turkish mined to resist German aggression statesmen. The Turkish Govern- as she had resisted Italian aggres-ment were informed, as an ally, of alon. The Greek Prime Minister our plans

connexion with added that whatever the hopes of Greece. Throughout these conver- repulsing the enemy, Greece would satlons. I was deeply impressed by defend her national territory the loyal friendship shown by she could count only on her own all the Turkish statesmen

we had occasion to meet the determination they, and their people showed to stand arm of the German plans. They came against any menace to

forces (Cheers);

"At these discussions we told the Greek Government what we knew

who

and by

their

to the conclusion that the estab-sovereignty or any encroachment Hishment of Anglo-Greek forces or of their rights and interests. the Hallakton Line offered a "Since the beginning of this war; reasonable fighting chance of Turkey has rendered great service holding the German advance

With characteristic generosity

to our cause by her policy of "in- dependence. The Importance of her role as a bulwark against fur ther aggression in the Middle East! is obvious. I am sure that loyalty to their alliance with this country

will, as ever, be the basis of the Turkish Government's policy."

IRAQ SITUATION

To

them

Wednesday, May 7.

BUYERS

an

the

unfavourable balance

Before the outbreak of hostili premalum on United States dollars HONG KONG STOCK ties in September 1939, this de-in terms of Canadian, but the

EXCHANGE

Aclency was easily met by con- great proportion arose from the verting the sterling surplus into increase in the importation of e3- United States dollars but foreign sential war materials from exchange control on the part of United States. the British Government has now

WOOD AND PAPER rendered this course impossible.

Canadian products exported to While our excess of exports to Great Britain due to the ever- the United States had a total vaïne mounting Bow of munitions, food of $443 million in 1940, $63 millior stuffs and other supplies to that more than in 1939. Of this increase country, has continued to increase, no less than $49 million is account- Imports from the United States ed for by gains in shipments of have risen even more rapidly.

Bank of East Asia, $70. Indo-Chinas (Pref), $80. Providents, $4.60. Trams. $15.50. Macao Electrics. $17.

SELLERS

Providents, $3. Trams, $18. Electrics' Rts, $13,25. Lane Crawfords, $7.23.

Hotels, $2.80. Macao Electrics, $17.25. Ropes, $6.10.

SALES

THURSDAY, MAY. 8, 1941. --PAGE

PABST BLUE RIBBON BEER

wood and paper products. This is Around the world, it's Pabst Blue Ribbon

In 1939. the value of these im-natural as our largest single export ports averaged slightly more than in recent years has been newsprint; $40 million monthly; this value shipments of this commodity alone ruse, to $64 million in June 1940 rose $22,8 million in valué. A large and to $74 million in November. increase was also shown in exports The total for the year 1940 was cf wood-pulp, $19,7 million," while. $744 million, nearly a quarter of a gains of approximately $3 million

Shai Businessman

than in 1939. Part of this increase and for lumber. To Tour North-West a

caused of course by the The second largest gain for any CHUNGKING, May 7 (Central) enhancement in value due to the group, $17.9 million, was in non-

Mr. Yu Ya-ching, prominent businessman frum Shanghai and

billion dollars, or 50 per cent, more each were reported for pulpwood

terrous metals. As these are large- ly war materials, detailed statis- tics are not available. However, Be the nickel-copper industry report-

Pabst

EXPOR

BEER

3.

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, zestier beer for keener refreshment. Nothing heavy or seruny to slow up its delightfully invigorating sedian.

And wherever you order Pabst you'll find it always the same. Pure. Delicious Wholesome. For in every langy, thirst- quenching drop, we give you Guarded Good- ness from Grain to Glass your absolute guarantee of the highest quality that Nature, 05-Year Skill and Modern Scientise Control can produce.

DODWELL & CO., LTD.

Queen's Building.

which operated at a high ratio in 1940, it may be assumed that nickel accounted for a large part of this eve 2820 increase.

· SMUTS IN AGREEMENT The decision was reached very quicky and in complete agreement between the military experts of the two countITHA

"It so happened that at that time we had the advantage uf consulting in Calro that, most wise

Turning to Iraq, Mr. Eden said until recently Chinese member of statesman' und tried warrior, Gen-"

Unconstitutional action by Rashid the Shanghai Municipal Coutell, inspection of ide north-west. era Smuts (Cleers). I asked him If he could be kind enough to come All has already led once to his who went to Kungyun and other will pay special attention to the ed the most active year in its his- to Caire when we were thero./fall from power, When later he parts in north Kwangtung on an improvement of communication. tory, with more nickel sold than in

seized power again, the British inspection trip has returned да

to development of natural resources any previous year, and, bearing in did so and we were able to consult

Government saw reason why Chungking

and the chances of investment in mind the use of this metal by the DODWELL & him. He had authorised me to say this or any other event in Iraq He is leaving today by plane fut industrial enterprises in the north- automobile and other industries and, indeed his speeches have since should deprive

of their Chengtu en route to Slan for an west. made plain, that he too was clear Treaty rights. Nothing car of the Iraqi complete agreement with the de-excuse the action cision arrived at.

military leaders in Arst accept- "From Greece there has been no ing and then challenging our repining and no recrimination. [clear Treaty rights. This country The other day I sent a message to has a record of which it has no STOCK EXCHANGE, the Greek Government congratu- need to be ashamed in Its deal-

Buyer Seller lating them on the valour and ac-ings with the Arab people and tions of their troops and I received above all with Iraq (Cheers). It reply which I should give to the was we who assured the Independ- House: Please assure the House of ence to modern Iraq: It is we who Commons and the British people have assisted them and in every that their eulogies of the Greek respect we have kept our word. I Army will touch the hearts or our wish to make plain to the world whole nation. We will never for our present position," get the loyal and courageous help "We are grateful for the offer which the British and Imperial of good offices by the Turkish and forces gave to our soldiers in de Egyptian governments. Our posi- fence of our native land, Our tion is: the first requisite is with- allies showed themselves worthy drawal of troops from Habbaniyah to rank with the ancient heroes or and cessation of hostilities against Thermopylae, and to write letters the British forces in Iraq.

#

when

of gold in the glorious pages of this has been done and fighting British history. I destre.once again between the allied nations has in to assure you that we will conttune consequence ceased. His Majesty's the struggle by the side of our Government will be prepared to great allles, the noble people of the discuss the fulfilment of "their British Commonwealth untu vic-Treaty rights which they are, in tory i won and the triumph at all circumstances, determined to the ideals of liberty, morality and maintain (Cheers). International Justice is achieved! "Many of their most distinguish- (Cheers).

ed leaders have already realised

Tang

Mr. Eden continued: "I thing this." the House will agree that the

Mr. Eden said that for a generous spirit of that message time, Itallan. papers were regu- has animated the Greek nation larly expressing their hope of see- throughout its ordeal." (Cheera)..

YUGOSLAV ASSURANCES Turning to Yugoslavia, Mr. Eden

ing a British defeat and had shown quite clearly that if their hopes were falalled, Italy would con- trol the Arab lands of North

said that when they arrived the Africa and elsewhere. get plenty of assurances that any

German attack

תנז

Yugoslavia

CRUEL RULE

would be registed, but, he said, Mr. Eden proceeded: "Every "that was not enough. What was Arab must know what that means, needed was," a common plan so that In all recent history, there has. if an attack developed, we should been no rule more cruel and have the best chance of resisting ruthless than that imposed by it together (Cheersy.

Italy on Arabs living in Tripoli

“We made every effort to secure and Cyrenaica.. this and every effort failed until "What of the other partner? the moment of the coup d'etat. Hitler told us on Sunday that he During these conversations, we was an interested spectator In were given repeatedly to under-the Balkans a spectator whose stand that the Yugoslav army was rule is based on military might mobilised. When we pressed our and of the Gestapo.. anxieties that they would be too "Arabs in any land must know late, the reply always came: But that approach of Axis rule" means we are mobilising so that if the the end of their liberty which worst comes to the worst we shall they have jealously guarded and be ready.'.

which in alliance with us is safe "In fact that mobilisation had today." not proceeded fast enough and it Concluding, Mr. Eden declared: was not until the coup d'etat that "Not once does, Germany or Italy the new government made a real show. anywhere "the least respect and urgent effort to get their for an engagement. Their only armies ready. It was then too sanction is force, Late too late for the best will ha 'The United States today are the world to mobilise armies and helping us greatly in many spheres concentrate them where they ought and in many ways. The more to be if they were to give us the fully, the more rapidly, and the support and help needed.

more certainly that help "So it was, despite all the gal-reach the battlefelds in lantry of the Yugoslav army, which Africa and Europe, the shorter the has been as splendid in this war duration of the war. That is why as in the last, despite all that, I welcome the immense step" for- without ар effective plan, the ward taken by the United States Yugoslav armies could not and in deciding to send ships to the did not stop the German drive Red Sea. through Southern Serbia to the "It must be our privilege, to- Monastir Gap.

gether with the help that we can.

Cau Asia.

HONGKONG SHARE QUOTATIONS

$1315

***

£78

871

SHAREBROKERS'

Balos

Nowlad

WEDNESDAY

Bartr

Bellara

ASSOCIATION

Bol

7 MAY.

Backs

$1316 H.K. Banks

£78

Do. (Col. Reg.)

£71

Do. (Lon. Beg.)

£8¢

Chartered Banks......

£22 Mercantils Eka. "A".

£11

370

Mercantile Bks, "") Bank of East Aria... | $70 N. C. & B. Bankı...........

15 ct. Insurances

1.

14

yo

Underwriters

#222 Canton Insurances.....

$420 Union Insurances..8415

B1

$187

H.K. Fr.....

Shipping

2.} #198 | Douglase

!

$4.00

$15

$2,80

Lut

L+

$16

IM

#5.70 $5.00

$60

Steamboata

Indo-Chines (Prof.).. Indo-Chinas (Def.) .....

40/7Shells

$8.55 | Waterbonta

+

Docks, Wharves, Godowns, etc. H.K. & K. Wherres... Providants

B.K. Docks (Qld)..... H.K. Docks (New)....

$25+ Shanghai Docks.......

12/6 Kailafis

$8 Baube

Mining

...1 cts. Hong Kong Mines......

#

Lands, Hotels and

Buildings

140

84.60

HE. & 8. Hotels...... $2.60

$31

H.K. Lands

#07

Do. 4% Debentures....

12 Shangbai. Lands.

92.90 H. Realtics..

26.70 Humphreys ................

$99

Chinese Estates.

Cotton Mills

837 Ewo (8.)

$200 Bhai Cottons (8.)...

Zoong Sings (8.)...........)

$425

44.

**

12

፡፡

£3 11/16

£11

#2224

Tel. 20630

It must also be remembered that portant gains were as follows: REDUCE EXPORT Canadian surplus supplies of copstone products, $2,241,000; asbestos. per, lead and zine were contracted $917.000; tertilizers $630,000; farm for by British interests and hence implements $675,000 and other were not available for export to the United States.

Changes in other groups were of varying amounts and largely onset

machinery, $391,000.

The only group for which a net decrease was shown was agricul-

The Shanghal MAINICHI states" that owing to the shortage of raw. materials in Japan, the Japanese Butnorities have decided to reduce. exports to the "occupled" areas ip China. Many trading agencies In

each other. In the Animal Products/tural or vegetable products where the "oceppled” areas will be closed

the decline in value was $14,934,000.

group, exports of furs increased $4,415,000 in value and ash ship-Grain shipments were down $17,- 421,000 wheat accounting for $18,- ments $2,693,000.

614,000 and barley $2,848,000, small Increases being shown for other

CATTLE DECREASE

down. (Central Newi).

On the other hand, the value of varieties. It need hardly be said crop conditions in the latter coun- cattle exports decreased $3.383.000. that Canadian shipments of wheat try and whether focal supplies of 80 cta cheese $$49,000 and of unmanufac-and other grains to the United Sta special grades are sumeent for

$197

$125

$80

260

40/71

4851

$14.90

$201

12/6

tured leather $598.000. Other mites' depend entirely on weather and domestic requirementé.

사

SITUATIONS VACANT.”

th

PRE-PAID ADVERTISEMENTS.

The following classes of advertisements are charged at the price given below

HOUSES AND APARTMENTS WANTED.

HOUSES AND APARTMENTS TO BE LETS Geol 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,

TO LET-Unfurnished from 1st,

$31

June. 300 The Peak Six roomed 197 house in

#3 $6.70

#37 $200

Wing On Taxtiles (8,}}

$125

. Pabllo Diltles

H.K. Tramway... $15.80

Peak Trama (old).....

Peak Trams (gew)....| $514 Star Ferries...

323) Imati Ferries..

Chins Lights (0).... China

Lights [Naw}~

#6,93

X.Rta

$11 si

H. K. Electrics (Old)..... IR. $23 H. K. Electrica (Now)...

$13t

H.K. Electric (Ris.)

***

$17

$39

Macao Electrics

Macao Electrics:

Sandakan Lighta........ Telephone (old)................

89 Telephone (new).....

Industrials

130 Cald., Mang. (Ord.) 8.

Cements

$25

Cald., Mang. (Prod.)8.

$1

Canion Icm..

HL. Gert. Lasse

(1934)..

$0.60 H.K. Ropes

307 4% Loka

3041 31%

804 32%

(1940).

Miscellaneou

$17 Dairy Farms..

#01

41

#71

Entertainments

$1.60 Constructions (old)... Constructions, {naw).....

Lane Crawfords..... mum. Nanyang Tobacco...n

$2.16 Sinceres

Watsons..........

28 Ch. G.5% 1925G #Bda.

$:39

I.K. Wing Qu

S'hai Wing Oa............

$7,20 Vibro Piling

Margnans Inr. [Lon.)

Marsmans Inv. (H.K.)

"It is perhaps idle and unpro- receive from the United States, to fitable to speculate but had win for the nations of Europe the the Government which preceded right to live their lives in peace the coup d'etat as clearly under-and tranquility, secure stood Yugoslavia's true interests as from the haunting dread did the government of General shadows our time."

6/3

2/8

at

last

Wa. Powells.

that"

Lights R

Hale to Shanghai

AUFB!

No

Tel:

WE OFFER HIGH PRICES for any amount,

of gold articles, diamonds, silver, jewels, etc. Bluff Path Fifteen minutes from Tram. Reasonable Rent. Hastings & Co. Marina House

231

holidays. Apply China Building, 7th

HOTELS

floor.

TEA. DANCE DAILY

WANTED TO BUY

WE PAY HIGH PRICES for all gold and silver articles. Jade diamonds, jewels, watches, Fountain pens. Apply Far East Diamond and Gold Refining Co. Room 621, China Building, 6th floor. (Store will open on Sun- $13 days and Holidays).

$23

$1.40 $94

30727.

EURASIA GOLD REFINING CO.

FOR JADED APPETITES!

REAL RUSSIAN FOOD

"E12,

$23

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

814

97%

B4

Time $1.20

•

Dinner $1.50

WE PAY HIGH -PRICES |

for all gold and silver articles,

METROPOLE HOTEL

BUTTERICK

EXPERT TAILORS FOR LADIES'

75 eta gold bars, diamonds and jewels,

Apply China Gold Refining Co. 16, Pedder Building, 2nd floor, Room 6.

WANTED KNOWN

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

of 6 months. For Term and Par ticulars.

Please Apply to:-Box

No 482 s/o HK.D.P

GARMENTS.

NEW STYLE READY MADE AMERICAN DRESSĘS

FOR SALE. Wyndham Street..

ENGRAVERS

Tel. 23815

FEI FEI & CO. Photo Engravers

18, Cochrane Street. Telephone No. 22:224.

AUCTIONEERS

GREVJEST COELIU DON G

BARGAINS IN DOGAN,

ЕКОЕРТ MONDAYS

5 to 730 PM

Jimmy's

Help Your Friend and. his Hobby giving

POSTAGE STAMPS

his COLLECTIONS

his GARDEN can supply the goods "his and your want GRACA & CO.

in postage stampe sinn garden seeds etc. No. 10 Wyndham Street.. Established 1805' TRONG RUNG

881

$1.65

$7}

$2.90

$0 $1

28/

$42

$14

WANT-ADS ARE SURE!

SEEDS tor

;