1941-05-24 — Page 9

HONGKONG DAILY PRESS.

Looking Towards A Future In China

For us, the rising generation of the New China, the task of reconstruction is a stupendous one and one presenting many per- plexing problems, writes Paul Lim-Yuen, of the University of Michigan, in the Christian Chinese Student, No amount of wishful thinking will conjure up a different pleture of the path that lies ahead of ns. We who are students in America, look tu- wards the future with a strong hope but with no small measure of anxiety, From the day we began our studies till we duate, the thought is continually in our minds of future service is China, but we wonder often how we are to serve best,

Luring behind visions of the looks, made so necessary by the future is also the consideration: Is International necessities of modern there not a duty here and now for times.

us to fulfill?...Are we shirking it?

In our preoccupation with personal preparations for our life-work, are

-

FAITH IN CAUSE

We are all confident that even- we not also forgetting the respontually the invaders will be swept sibilities in the crisis of the pre-trom our shores. The faith in the sent? Must we not help to lay the justice of our cause will ever re- foundation upon which with our main unshaken in each one of us, hands we hope to raise the edifice and so also should our assurance of the new China?

that peace and ultimate prosperity

SITUATION ANALYSED

FINANCE & GENERAL

Finance and Commerce

CANADIAN PLEDGE TO FINANCE BRITISH PURCHASES

LONDON, May 23. (Renter)

HONGKONG

SHAREBROKERS

ASSOCIATION

Volume"of Business Transacted Friday, May 23, 1941. SALES

Cementa

China Lights (N) H.K. Docks

200 $13,50 ...... 200 300 200 100

The House of Commons cheered H.K. Mectrics (0) the announcement by the Chan · cellor of the Exchequer that Ca R.K. Tramways nada has pledged itself to finance the bulk of British purchases in Canadá estimated at £20,000,000 to £300,000,000: *

Sir Kingsley Wood explained that will return to our "good earth." this very large sum is in relation In the light of such assurance, we to. Canada's resources. seeing that

revenues

.. 100 100

1200

The total value is $18,325.00.

LONDON STOCK EXCHANGE

23

H.K. Stock Exchange

The week's trading has again been on a moderate scale calling for no particular comment.

Lane, Crawfords announce a divi- 1.30 dena of 80 cents-the same as last 14.85 year-payable about 21st prox. 14.80 Sandakan Lights have entered the 21.80 List of interim dividend payers, and 21.80 on 3rd prox, will distribute 40 15.90 cents account six months working

up to Dec. 31 last.

(Reuter)-

LONDON, May Let us analyse the situation should go forward with unflagging Canada's total budget closely. The whole question can spirits, with 2 sense of fraternal last year were under £200.000.000. The turnover in the Stock Ex- be resolved. it may be said. Intocnity and confidence, but also The Chancellor also paid tribute change yesterday was small," the une or two clear issues. What is with patience and forbearance for to the help from other Domain feature being the recovery the nature of the work to be done the obstacles and delays in the minions and Colonies.

in Gilt-edged, especially War for China, its scope and its devious path ahead of us. The in-

Loans on revived interest, follow- demands on us

students?domitable courage and perseve- ;

the conclusion of the Ing near How much of it can we do at pre-rance of our countrymen through

Cendon's War Savings Campaign. sent? Granted that we agree out these tragic war years should be

Foreign bonds were mostly frm, clearly on common objectives, is our inspiration and spur, and their

Japanese and Chilean further ad- our greatest responsibility now or methods should teach us the wis

vanced but Spanish 4 per cent. weakened from 33 to 30.

later?

15

dom of patience.-

1.3

Australia and New Zealand have meet heavy expenditures cut- side their own countries and ap plying an increasing amount their sterling resources towards current external war costs.

of

Industrial charges were very few

Those countries, like Canada.

trend. Indo-China were now 120s. had import restrictions and ration-apart from the continued upward

and Union Castles 13s.

Wall Street was uncertain.

No one will deny that the scope There is no virtue in the loud of the work of reconstruction is threats of a householder, at unlimited, and that all phases of armed burglar, in his house if he development must be

pushed has no weapons in hand with is schemes.* simultaneously. The

а

kinds

of which to carry out his threats. The Chancellor also mentioned work to be done is unnumbered. Likewise all our patriotic fervour the importance of South Africa as It becomes then question of now will be "premature until we the world's chief gold producer when we can lend most effective are well-equipped and ready to ald in our unique position carry out a really constructive pro-and Tadia as a now or till more settled conditions gramme for the rejuvenation offarious suppiles.

come about.

own

China.

As to the military picture, few of,, MOST TRAGIC THING

13

ús can do more than the average soldier in the fighting lines

The most tragic thing that could change it. It certainly can be happen to youth is embodied in agreed that we cannot give of our the old Chinese phrase hu t'ou she best by joining the vast army of wel, or in somewhat. modified Eng-

lish, "roaring defenders.

in like a tiger, slithering out like a snake." It is four obligation to our generation But behind the lines, activities and those following us that we which are just as vitally important should avoid at all costs such a

our individuali

BEHIND THE LINES

tragle process in

us military operations are being carried on. In this work without lives.. To this end, we must pre-

today is pure curselves well before

a doubt China's need great. No one should realise bet¡ fronting our task.

Ct

source of multi-

HONGKONG

STOCK EXCHANGE,

Reyers

Bellers

Sale

Nomina

con-

871

to

...

ནྟི

#4:

From

8176'

ter than ourselves the immensity of. All this, of course, is not the task at hand. But this task is deny the responsibility of every steadily and surely being accom-student to do what he can. 'at plished the task reconstruc- every given opportunity, to help tion in free China, the laying of forward the present cause. the foundations of the future helping to raise funds for medical nation-by hards other than our aid to China to actually telling the American people just what is It is being carried

transpiring in our home andy we phenomenal rate. by none other can do our small share with what- than the masses of the people. In ever spare time and energies we

own,

on. at a

the fever, heat of war. in the face

have.

of well-nigh. Insuperable obstacles.

they have and are making amaz-"

GREAT LEADER

Finally, we must not forget the

ing strides that are giving the exhortation of our great leader,

nation renew strength and courage. Generalissimo

+

||

PROPER TRAINING

Chiang Kai-shek who himself is closely in touch with student activities. that we Our energies towards

With all our technical training, exert all

we could not, cannot, have accum training for future leadership, that plished much of the work of reor to this end we must. pursue our garization and. stabilizing and studies with undivided attention. co-ordinating..unless, of course, we had had the proper training in The tremendous potentialities, the virtually untouched. natural re- this type of leadership. But this

19 a spontaneous movement on the sources of China, the basis of a united. democratic nation prepar- part of an inspired people in the great hinderland of free China,ed for great and good changes, is and it is already laying the basis our heritage of the future..

upon which future builders must carry on.

to

May God help us not to fail in the sacred trust soon to be placed An ust

*

ARMY OF WAR WORKERS

In the present unsettled state of affairs in our nation it is hardly probable that one can accomplish much if he were to return China with a mediocre training and an overconfidence in his owri ability. No matter in what field of concentration and how long he has been engaged in it during his

Canberra. Commonwealth ex- college years, when he goes back

perta, belleve war industries will he must be able to apply his

employ 40,000 more men and knowledge in truly productive

women before Christmas. manner. Much of the work will be

This is shown in the latest report In the nature of a pioneer's job, especially in the field of industry, by experts planning expansion of and certainly demands in most the industrial war effort. More cases, more than just the vague than 100,000 then and women are qualification of an out-of-college already engaged in war industries. degree to accomplish.

Most of the 40,000 extra workers will be absorbed by expanding fac- tories in Victoria, South Australia

VITAL NEED Obviously what is vitally needed and New South Wales. I broader, more comprehensive Plans to turn out more, men un“. training, involving the actual ap- der the Commonwealth's various plied problems of, for example, technical traming schemes are be building an engineering establishing expedited. Men will probably inent from the bottom up. Men be rushed through courses in thres of the proper calibre for this work months in future instead of in six can be produced only by more in-

months,

Latest returns show that 2,500

tensive training.

China has need of men in every possible Beld of study, in the en- men have been trained to date for

gineering sciences, in economics,

munition industries. Another 2,500

in sociology, in education, in medi- men are in various stages of train.

ing.

tine, and even in the so-called "arts." They are all

These trainees are in addition needed to promote the rebuilding of the "na- to a larger number trained by this tion in a full, co-ordinated man-method for the fighting services.. -ner. In a fashion, too, they are Most of the men have been trained needed to help enrich the lives of in Victoria (1000). New Bouth the people, and to greatly broaden Wales (800) and South Australia the scope of their individung out- | (350)

LONDON GOLD

London, May 22 (Reuter}. Bar Gold. Fine per oz, 168/-

SHARE QUOTATIONS

SHAREBROKERS

23 MAY.

FRIDAY

BUSINESS DONE DURING THE WEEK

HK. Banks, $1,310:

Union Ins., $405,

Docks, $14.95.

Providents, $5, $5,10.

Lands, $31. Humphreys, $8.40.

Trams, $16, 315.50. Lights (D), $5.85, $53.

Electrics (0), X. Rts... $21.80. Electrics (N), $214, $21.05. Bectrics Rts.. $11.35, $111. Maçao Electrics. 319.10 $19.13.

$19.10, $182, $18.50, Telephones (O), $22.30, Cements. $134.

BUYERS

Bank of East Asia, $71," Indo-Chinas (Pref.), $30. Hotels, $2.85.

·Lands, $31, Realfies, $2.70. Trams, $15,75. Macao Electrics, $18.50. Entertainments, $6.25.

SELLERS

Providents, $5 10. Cements, $13.25. Ropes, $7.

SALES

H.K. Govt 31% Loan (1934),' 91,50,

ASSOCIATION

Buter

Sollers Sant

erin.

Trams, $15,90.

Banks

$1310 H.K. Banks

£78

Do. (Col. Rag.)

975

Do. (Lon. Res.

EAL

Chartered Banks

£23

Mercantile Bk. "A"

211

Mercantile ks. “C”.

$71

*

N. C. & S. Banks.....

Insurances

Bank of East Asia....

$220 Canton Insurances.....

4:

$1310

£76

$75

£23

£11

Docks," $14.83.

Electrics Rts, $11.10.

SATURDAY, MAY 24, 1941. --PAGE

Now's the time to call for "Black & White"

When you feel that anything might happen, when life's tug-of-war is taxing your strength and energy, try a "BLACK & WHITE", the Scotch that restores and "stimulates. Ask for it by nam

CALO

"BLACK&WHITETM

"It's the Scotch!"

SCOTCH WASAN MAČKA NORTE

| HOGA OLD SCOTCH

WEEKLY RETURNS AND REPORTS

BANK OF ENGLAND

LONDON." May 22 (Reuter).

Public Deposits Other Deposits:---

Bankers

Other Accounts Total

£

May 15

May 22 (000's Omitted)

£

14,410

99,860

115,520

96,580

52,110

96,580.

167,630

148,270

Government Securities

115,300

121,660

Other Securities:---

Discounts and Advances

12,250

12,570

Securities

19,760

19,580.

Total.

32,000

32,150

Notes and Coins

52,470

62,170

Total Bullion

1,890

1.690

Notes in circulation..

€29.420

629,710

Ratio of Reserve to Liabilities

28.82%

27.73%

1587-

K

LONDON. May 23 (Reuter)

"From all we hear of what is happening over Klel, Hamburg and Berlin, our Exports Department is doing extremely well." declared Com-- Mr. Vincent. Massey, High #222 missioner for Canada, speaking in $405

connexion with the London War Weapons Week. When the banks

Price of Gold at which boldings are valued ... 168/-

FEDERAL RESERVE SYSTEM.

RETURNS

NEW YORK, May 23 (Reuter),

US Securities held

May 18 (1940), May 15

$405

Union, InsarAUCCS........

81

Underwriters

:75 cta

H.K, Fira..........

$176

closed yesterday, the total amount

Shipping

$128

Douglases

$117+

raked was £87,750,000,

$8

Steamboate.......

880

$80

$60

£60

40/7

Shells

40/7

$81

8551

$5.05

$1498

8263

11/0

$8

E

---

$5,10

Indo-Chines (Pref.).

Indo-Chinas (Def.)

$8.55 Waterboats

Docks, Wharves, Godowns, etc.

$85 H.K. & K. Wharves...

Providenta

$14.95 H.K. Docks (Old)...

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

+Shangbai Docks......

Kailana

$28

11/0

25

Raubs

Mining

1 cte., Hong Kong Mines....

Lands. Hotels and Buildings

B.K. & B. Hotels.....

.:

#

82.85

$285

931

H.K., Lands...............................

$31

8974 Do. 4% Dabentares... $13

Shanghai Lands.

$97

82.70

$99

..

H.K. Realties.

$6.70 Humphreys

Chinese Estates........

Cotton Mills

$341 Ewo (8.).

$265 8'hai Coltons (8.)...

Zoong Bing (8.)....?) Wing On Textiles (8.) Public Utilities

$15.90 H.K. Tramways........

#71 Peak Tram

(old)...

834 Peak Trams (new).. 8514 Star Ferrian.............. $91.36 'mati Ferries.

China Lights (0).... 35,770 Chins Lights (New).. $1.20 $21.80 XRte. H, K. Electrics (O)... I.R.

814

B21.05

#114

$12

::

H. K. Electrics(New)... H.K. Electrio (Rts)

Macso

Electrica

Macao Electric's

Sundakan Lighta......

$22.00 Telephoner (old)........

#9 Telephones (new)......

$30

Industrials

Cald., Macg. (Ord.) B. $25 Cald, Macg. (Pref.)8

$1

Caston Ices...

13

:::

Ceinenta

$6.60 H.K. Ropes.........

HK. Gort. Komm

$974% Loari

$041 31%

$94" 31%

(1934)

(1940)..

Miscellaneons

||917) || Dairy" Farma..............

Entertainmenta

91.60 Constructions (old)..

Constructions, {naW)..

$8)

$1

#71

Lane Crawfords..

$2.15 Binceres

Watsons

#D

Nanyang Tobacco......

28 Ch. 0.5% 1925G $Bds.

130

H.K. Wing On

8'hai Wing Un

$7.20 Vibro Piling

8/3

Maramana Inr. (Lon.

2/1

Maraman Int. (HK)

·B17

Wm. Powella.......

Lights Rte...

+Sale to Shanghai

$3.95

$2,20

Bills Bought

May 22

(000's Omitted;

Federal Reserve Ratio

Federal Reserve Credit Outstanding Monetary Gold Stocks

2.474.000 38.28% 2,518,000 12,949,000 22,538,000

9,292,000

2,184,000

9142% 2,235,000

-2,184,000

8.092,000

3,154,000

Industrial Advances

01.22% 2.237,000+ 22,565,000****

PRE-PAID ADVERTISEMENTS.

The following classes of advertisements are charged at the price given below:- SITUATIONS VACANT. HOUSES AND APARTMENTS WANTE}).

HOUSES AND APARTMENTS TO BE LET. MISCELLANEOUS WANTS.

Announcements not exceeding 25 Words are inserted under this beading at a Pre-paid---

Rate of $1.50 for THREE INSERTIONS.

If Charges collected; $2.00.

$6.40 House...

$301

$200

$120

$71

$3

$50

$20

$8.70/76..

$21 80

921†

$11

!!!!

WANTED TO BUY

30727.

231

Tel,

TEA DANCE

DAILY

TO LET-Unfurnished from 1st June. 300 The Peak Six roomed house in Bluf Path Fifteen minutes from Tram. Reasonable Hastings & Co. Marina $2.70 Rent.

WANTED

WE OFFER HIGH PRICES for any amount

of gold articles diamonds, silver, jewels, etc. No holidays. Apply China Building, 7th floor.

"

EURASIA GOLD REFINING CO.

HOTHIS

FOR JADED APPETITES! Energetic canvassers (Boys or Girls) for outdoor work. Apply

$15.85 Box 249 H.K.D.F.

WE PAY HIGH PRICES for all gold and silver articles. Jade diamonds, jewels, watches, fountain pens. Apply Far East Diamond and Gold Refining Co. #130 Room 621, China Building, 6th #81

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

$17

General Agent: Chan Che Kee

REAL RUSSIAN FOOD

..Timin $1.20

Dinner $1.50

METROPOLE HOTEL

BUTTERICK EXPERT TAILORS FOR LADIES'

GARMENTS... "NEW STYLE READY. MADE

AMERICAN DRESSES

FOR SALE.

No: 4, Lyndhurst Terrace, Tel 16, Wyndham Street.

26402

WANTED KNOWN

Experienced Book-keeper Wantr Students to form a class. Quaran tee students to keep a whole set of $1.85 books after completion of a course of 6 months. For Term and Par- Miculars. Please Apply to:-Box

$71

No 482 ̃ s/o H.K.D.P·

Jimmy's

"EXCEPT

MONDAYS

5 to 7:30 PM

ENGRAVERS

FEI FEI & CO. Photo Engravers 18, Cochrane Street.

Telephone No. 22224.

Help Your Friend and his Hobby by giving POSTAGE STAMPS

for

his COLLECTIONS Bud

EL

75 oba.

6134

97.

*100*

$42

$14

量

Tel. 23616

SEEDS for

WANT-ADS

are Seen!

AUCTIONEERS

GREATEST COLLLCCION OF BARGAINS IN TOWN!

LAMMERTS AUCTION ROOM Lammert, Brothers 1. Fann on Lip

Tele D

NO 2121

his GARDEN

We can supply the goods of his and your want GRACA & CO.

Dealers in postage stamps" and garden seeds etc. No. 10 Wyndham Street. Established 1890

HONG KON

..