1941-06-04 — Page 9

HONGKONG DAILY PRESS

FINANCE & GENERAL

Mr. Harry Hopkins Weighs FRENCH VESSEL Labour Leader

Leader Praises

Nazi Chances Of Victory

NEW YORK. June 2 (Reuter) - "Hitler will not win," declared Mr. Harry Hopkins, lease and Lend Act Administrator, In an article appearing in the June issue of the magazine The American, bases the prediction on the four following essential facts;

He

"Hitler has not got real sea power. He is slowly losing air su- periority. He cannot equal the economic resources which the Bri- is tish and ourselves are bringing to dear against him; finally, I contrary to every American Interest-economic, political and moral- that he shall be allowed to consolidate his ill-gotten gains."

Significance Of Brenner Meeting

Pointing out that while ne does not under-estimate Hitler and the Nazi military machine, "that bas been immensely successful under his leadership and is still the most powerful in the world," Mr. Hop- kins declares that Hitler's greater bomber strength is decreasing week by week as Britain gets more bombers

"The British are catching up."

NEW "INSTRUCTIONS he continues, "and with our help

FOR IL DUCE?

showing the necessity for further co-ordination between

the

RS

INTERCEPTED

LONDON, June 9 (Reuter)-The French ship Winnipeg, 8,379 tons. has been intercepted by the Royal Netherlands warship Van Kinsber- gen' in West Indian waters, says a Royal Netherlands naval com- munique Issued by the Admiralty here yesterday.

In

Achievements Munitions Factory

After a visit to a representative munitions factory-an ore. dinary peacetime enterprise in Melbourne converted to war pro- duction-the Leader of the Fed:ral Opposition (Mr. Curtin), crys- talised his outstanding impressions.

DECISIVE WEAPON FORGED "My view, that if we can carry-

The Winnipeg sailed, from Mur-

Things that struck him were:- but the highest praise for them, selles and had called at Dakar. The stimulating efficiency, in and they had complete confidence When intercepted she had on itiative and enthusiasm of the in him, board over 200 Germans bound for workers in the factory. Martinique.

The enterprise, energy, faith in Reason for the presence of these Australia, patriotism and organis on full blast until November, we Germans is not at all clear and sing ability exhibited by the man-will have forged a weapon that now undergoing examination.

will prove decisivein. Australian Time was the over-riding factor security and Empire offensive in this

and all Australian war competence, was completely con- efforts.

Arimed by what I saw.

PRIZES FOR

k

WRITERS

agement.

"I talked with the" men. They "In that factory, by scrapping knew who I was." Mr. Curțin said certain peacetime machines, by last night. "If they had had any adapting and installing other

As a encouragement for wrl-complaints they knew there was machines and by using the skill

TO stop them making and industry of the workers, there' ters. Inventors, and artists, the nothing

These

23

another year will find the De- LONDON, June 3 (Reuter-Yes mocracies on fairly equal terms Ministry of Education will allocate them to me. Far from that, they bas been produced in the past 15

will terday's meeting between Hiter with Germany. Thereafter

$300,000 annually as prizes for infected me with their spirit of months

getting the job done and done "Airplane assembly bases, gauges and Mussolini with their atten- come the inevitable superiority."

them. Paying tribute to the pluck of

kinds for dant Foreign Ministers in the

many from well, and of beating that, so and or

munitions prizes, ranging Brenner Pass, is significant as the British, Mr. Hopkins says: $2.000 to $10.000, are to be award-so'!"

| manufacture, special tools for air: "Even though the bombing of

"And remember most of these plane assembly. knives and dies ed for the best literary and philo-" times two civilians should be 10

men work 11 hours a day, seven for various Items such

gas sophical writings. works on Axis Powers, writes Reuter's Dipto.great as it has been it would not natural and social sciences and days a week with one afternoon masks, steel storage boxes."

Further munitions and supplies natic correspondent.

crack the morale of the British classical researches, scientific in-off when their shift is changed Italy has now been at Germany's people. They are far too tough ventions, drawings, musical com- over. I saw one machine where being produced continuously in

the operator has to carry on clude:- urders and mercy for many for that"

positions and sculptures.

Candidates for these prizes are through the normal meal hour for to send in their application to the and eat when the job is done, for guns, replacement parts for Lewis Ministry before the end of June the machine were stopped the guns, parts for machine-gun car- riers, fibre caps for shells, and every year. (Cer.tral News.

footwear."

}

months and it is doubtless to hear

Says:

שסיי

U-BOAT MENACE Hitler's fresh instructions that Discussing the necessity Mussolini and Count Clano were keeping Britain's sea life line open. summoned to the Brenner Pass Mr. Hopkins

own It is over three months since the naval patrol, now widely extend- Fuehrer accorded Duce the will keep under observation favour of a personal interview and raiders and

submarines. which It is noticeable that the ofctal mean no good to America,

I

news of the meeting, wan first giver out from Rome."

While nothing definite is known in London regarding the purposes.

work would be ruined,

"Recuperators fo: anti-tank

The executives manage a plant which began as a direct result of: the Scullin Government's protec- WASHINGTON, June 3 (Reuters tive polley of 1929-31. -President Roosevelt has sent a

The managing directer was per "We will search, them out, we will And them and we will find a message to Congress recommend sonally known to every man on ing additional appropriations of the job and he knew the work way of keeping those unfriend-

$125,000,000 for special defence they were doing. He had com- highway construction.

plete faith in them and nothing, point.

ly forces of Nazi power from

of the meeting it is thought here, interrupting this feline that Mussolinl is even less kely i than usual to be the gainer by it. part of the Hemisphere.

ITALIAN CLAIMS_

in this

"Our self-interest "demands that the weapons of war which our

seas

There seems to be little kell vast economic superiority can pro- nood that Fidler will be in a mood ¦ duce must find their way to the to support whatever claims on armies in Egypt, to the Allied France Mussolini still pretends to navies patrolling the

and nourish in view of the sweet to the fighting air forces that will reasonableness of Vichy. It is bring freedom to the world." still more doubtful whether any hopes Mussolini may have of reaping advantage from Hitler's mined on the policy of all-out ald- carve-up will he granted.

to the Democracies. That ald must

i

WEDNESDAY, JUNE 4, 1941. —PAGE

Unrivalled Age and Quality

in

"BLACK

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NO TWO WAYS ABOUT IT,

IT'S THE SCOTCH.

AMENDED RATES NO GENERAL RELIEF

Following the protest already made in the Federated Malay States, that the amendment to the Estates Duties Ordinance was not far-reaching enough and that it afforded relief only to es- tates valued at over $3,007,000, it is understood that simi'ar” pro. tests in the form of petillons to the Government are being pre- pared by representative bodies in the Colony,

ADVANCE IN INDUSTRY "I am satisfied that what has been done in the past 18 months, and what can be done inside the next two or three years, will place. It is contended that the propos- ja Government to graduate estate Australia 30 to 50 years ahead ed amendments cannot be of bene-duty on smaler estates on similar. from a secondard industry view at to the country as a whole, as Ines

long as the majority of the smaller "The army in overalls is doing estates still have to pay almost

SOVIET LOAN a tremendously Important job. crippling taxes, which are nearly That army does not want to be 50 per cent. more than the pre MOSCOW, June 3 (Reuter)

The Soviet Finance Commissar.......... trial conciliation and arbitration Relief has only been given to M. Zverev, yesterday announced machinery, in meeting the pro- estates of deceased millionaire, by radio the flotation of in- blems that wer production involve, while an estate of $500.000 will teraj loan of 9,500,000,000 roubles: or by subversive actions by exploi continue to pay 15.5. per cent. He declared the loan was neccs- ters and profiteers and red-tape death duties as against a prevar sary for fulfilment of the 1941 stupidity."

tax of only 11 per cent.

HONGKONG SHARE QUOTATIONS hampered, either by lack of indus. war taxes.

الر

STOCK EXCHANGE,

SHAREBROKERS.

ASSOCIATION

Bayer

Bilers Sales

TUESDAY

Bayer

Balleru

Nomin

3 JUNE,

Banks

"H.K. Banks

£79

270

Of his own country. the writer says: "The United States is deter-

ais10

A ridiculous Croatia crown for be glyen stintlessly and at the nephew of the King of Italy Hitler is strong but the is probably the Unit of Hitler's cractes are stronger.”.

generosity.

According to Lyons radio both"j the German and Italian Comman ders-in-Chief, Marshal Keitel apd General Cavallero, wex: present during part of the discussions be tween Hitler and Mussolini at the Brenner Pass,

The discussioris lasted five hours with a brief Interval for lunch.

Ü.S. ASSURANCE

once. Demo-

$71

GENERAL EXCHANGE 8406

OF VIEWS

$176

WASHINGTON, June 3 (Reuter) The United States Ambassador. Mr. John Winant, returned to 260 the United States from Britain only for a general exchange of statement ivlews, according to a

by a State Department ofmcial to the Press.

ឱ!

The official, seeking to allay speculation, said that Mr. Winant #14.70 $15

TO CHINA CHUNGKING, June 3 (Reuter) Chinese newspapers yesterday to return

+4

He

asked ten days ago for permission

for consultation. gave prominence to the text of

brought no special messaEC from the - létters exchanged bc- tween the United States Secre. the British Government so far as tary of State, Mr. Cordell Hull, is known.

and Dr. Quo Tal-chl, new "Chinese ! Foreign Minister, in which the; United States agrees to relinquish extra-territorial rights as soon as peace and order are restored in China

PAPER WASTE ALLEGED

$2.85

Sai

$2.70

or

attacked bitterly at

CANBERRA.-The A.B.C. Jour-

The Chinese Press unanimously nai, with its loss of £50,000 halls

this

assurance as further a year," was proof of Sino-American fric dahip. the Associated Chambers of Com-

merce conference today as necessary and not right.”

SPECIAL MISSIONS

OF "U.S. NAVY

"un"

It was decided unanimously that

***

in view of the present stringent WASHINGTON, June 3 (Reuter shortage of paper the conference $16.80 -The House of Representatives should recommend to the

monwealth that

some

Com- inquiry

yesterday passed without debate and sent to the Senate legislation should be made as to the need for the publication of certain Govern- permitting President Roosevelt to

ment periodicals. If not cons'- appoint an unlimited number .ཀ་

dered essential. they should be -Vice-Admirals to have charge of

discontinued. "special unusual” missions of naval forces.

"Tasmania is interested in the production of newsprint, put Tas- mania prefers the national to its fown' good." declared "Mr. Cuth- bertson (Tas.), who moved the

High naval officials at..s recch hearing of the House Naval Com-: mittee said that the new Vice- Admirals would command "task forees" separated from the Fleet motion. This £80,000 loss repre- for special duty and that no in-sents the interest on

dication was given as to where the task forces would be sent.

NEW EGYPTIAN DEFENCE ZONE

CAIRO, June 3 (Reuter)

-The

creation of a new defence zone

£2,000,000.

It could be used for war expendi-

iture.

This apparently unnecessary journal was using up sorely need- ed labour, he added. Other Gov- ernment publications were also using up paper and altogether the waste was terrific.

called the "Western Defence Zone LISBON, June 3 (Reuter) of Cairo" and extending west-A hint of possible rationing is con- wards from the left bank of the tained in an article published in Nile is announced by the Egyptian the Diaria De Manha which, after,. Ministry of Defence.

pointing out the difficulties caused

to by the restriction on Imports and Wireless operators attached the mechanised force on the fron- calling for increased national pro- tier operating in this zone will duction, says: "It may be neces receive special rates of pay. This sary to control consumption and

is regarded as evidence of the im- distribution, check rising prices portance the Egyptian Army at- and the exaggerated reserves.. It taches to rapid communication in is not a case of getting rich now

but of living." this area,

$570 $1.20

$18.65

#

#

+

$14.80

#

10

183

Do. (Col. Raz.)

Do. Los, Reg.).... Chartered Banks...... £29) Mercantile Bks. “A”. 211 Mercantile Hka “C”.

Bank of East Asia..... N, C. &. Banks...... Insurances

Art

$220 Chaton Insurances......

Union Insurances....................

Underwriters

H.K. Fires.......

Shipping

$128 Douglases

$8

$60

41/3

Steambasta Indo-Chinas (Prof.)........ Indo-Chinas (Det.)

Shells

$6.55 Waterboats

Docks, Wharves,

Godowns, etc

II.K. & K. Wharves.. Providents...

16 et

H.K. Docks (Old)........... | $14.70| H.K. Dokks (New).

825+Shanghai Docks

11/0 Kailang

$8

Raubs

Mining

11 cta Hong Kong Mine......

Lands, Hotels and Buildings

H.K. &. Hotala..... H.K." Lands.

1974 | Do. 4% Debentures...

$13.40 Shanghai Lands.......

H.K. Realties.....

26.40 Humphreys .......

$99.

Chinese Estates......

Cotton Mills

$34 Ewo (8)

82659'hai Cottons (8.)...

Zoong Sings (8.).....

Wing On Textiles (8.)

Publle Utilities

861 Star Ferries.......

$2.85

#31

175 eta

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$1310

£79

£76

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"A great job is being done: a greater job can be done, The workers belleve in the Justice of our cause, and 717

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£221

Eli

Justice to them."

$320

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$176

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#60

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$1480

$25

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ta

It is pointed out that the death dutles in Ma'aya at the amended figures are in excess of duties in colonies like Ceylon, and Hongkong,

Mr. Scullin, M.H.R., accompanied The death, duty in Ceylon on an

Plan.

AD

The Kwelchow Industrial Cor- poration has celebrated the second, anniversary of its establisment.

"The corporation, which had an

Mr. Curtin on his visit of inspec-estate worth Rs, 600,000 is seven initial capital of $3,000,000 when it tion.

per cent.. while in Hongkong it is was organised, now has it, increas ten per cent for an estate valueded to more than $17,000,000. at $500,000.

DUBLIN, June 3 (Reuter)-The death-rolt from Saturday's Geri man air raid is now 34. At least 500 people are homeless.

The estate duty on Malayan es-- tates valued at over $3,000,000 has been amended from 60 per cent. to 40 per cent, and it is proposed to

It consists of 22 different bus- iness units including those dealing in machinery, chemicals, mining, power, agriculture and forestry-

Central-News).

PRE-PAID ADVERTISEMENTS.

The following classes of advertisements we 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.

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H.K. Tramways.....

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171

Peak Trams (new)....

#31

M48

$21.35 Y'mati Ferries... Ta

8201

China Lights (0)....

18.70

Chins Lights (New).. $1.90

$20.85 H. X. Fectrics(New)...

#11 $18.86

THE

Macao Electrics

JJ

$22

$21.05

$11

***

XRta #2 HK. Plectrice (014... X.R.

HLK. Electric (Rus)

Macao Electrics

$11.80 Sandakan Lights..... 8221 Telephonse (old).................... $9) Telephones (new)......

Industrials

830 Cald., Macg. (Ord.) 8.

81

$25

Cald., Macg. (Prof.)8

Canton To.........

$131 Cements

$7

H.K.. Ropes

HK. Govt, Loens

#171

$974% Low

294 31%

894 31

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Miscellaneous

Dairy Farms. Entertainments

$1.60 Constructions (old)..

Et

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WE PAY HIGH PRICES: for all gold and silver articles. $15.90 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- days and Holidays).

97%.

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

WANTED KNOWN

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*FOR JADED APPETITES!“

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REAL RUSSIAN FOOD

Tiffin $1.20 • Dinner $1.50 + METROPOLE HOTEL

BUTTERICK

EXPERT TAILORS FOR LADIES' GARMENTS.

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If there is anything you want to buy or sell. try

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