1941-07-19 — Page 9

*

HONGKONG DAILY PRESS

FINANCE & GENERAL

Wartime Reconstruction | HONGKONG SHARE QUOTATIONS

In Communications

China's wartime reconstruction

communications

STOCK" EXCHANGE, "

Layer

Nellor's

15 20-

viewed by Mr. Chang Kia-ngau, Minister of Commandeations, in the following report:

Besides meeting war demands on the front, the guiding polley of China's wartime communications is to open up new International communication arteries and to develop new net- works in the intertor. New roads have been buit, old ones two- proved, and future ones planned to bring in TROTC foreign materials and increase domestic transportation facilities.

constant

after

has been achieved in four years of war nearly equals the aggre- gated efforts of the long years before the present hostilities. Railways: In spite of the longer which was then under time and higher costs involved, Japanese bombing. However, both the valuc of rallways as a safe, lines lost their value

the fast, and large-scale transporta- Japanese army entered Indo- tion means ts fully by

appreciated China.

SHAREBROKERS,

FRIDAY Bales Nomin

18 JULY. Banks

81416 H.K. Banks .....

280

... 15/10

Do. (Col. Rog....

Do. (Lon. Rug.) Chartos ad. Babke .............. £93) Mercantils Bs. "A".

£11

$75

Mercantile Bks. "0", Bank of East Asia..... N. 0. & 8. Banka..... Insurances

Canton Insurances.....

Union Insurasets......

Underwriters

Shipping

Steamboats

Indo-Chinas (Prof.).

What

$226 $400

8186

TAY

H.K. Fires...

8120

Douglases

B84

290

$70

Indo-Chinas (Def

45/7

Shella

96.55

Waterheate

800

China au-

$5,80

$5.20 1810.20

con-

the Chinese government, New highways are under Construction on new railways Instruction to develop the rich but Sikang

The roads will also to give

the rear started immediately after undeveloped provinces of the outbreak of hostilities. The and Yunnan. first wartime railway constructed reach Burm was the Hunan-Kwangs.

line other international highway.

which begins at Hengyang on the Canton Hankow railway in south-

er Hunan and Chen makwap un Indo-China

and

border

2

WATERWAYS

in

Transportation by water is principle most economical, But due to the topography of the interior provinces Tew rivers can be utilised for navigation. Even the few usable streams are fuli of dangerous rapids and on count or their swift currents, not easily navigable

in

83.60

ac-

$30+

Was Lo reach the Kwangs- via Kwellin Nanning. Work Oi tile Fengyang-Kweilin section began in September. 1937, and the new llac was opened LO traffic October, 1939, an average speed 01 construction of one kliometer a day, setting a new record in Chinese rallroad construction. The ne played an important part during the evacuation of Hankow toward the end of October, 1938, when large quantities of materials as well as

many refugees

down the

Hankow railway and diverted

Since the war, efforts have been made to develop as much as pop- sible water communications in Szechwan Hunan, Kwangsi and other provinces. Is to try to possible the to

shipping

on. the

The main motivo overcome as fur

original difficulties navigable

£1.9

87

$101

13/6

$6

2 ots.

31

Docks, Wharves.

Godowns, ete. HK & K. Wharves. Providente

H.K. Dicke (014) H.K. Docka (New) +Shanghai ocks

Kailans

Mining

Rauba............

Hong Kong Mines

Lands, Hotels and Buildings

H.A. &. Hotate

H.K. Lands

EA7 Da. 4% Deboaturca...

$13.10 Shanghai Lands, .... $3.40 H.K. Realtim

Humphreya

Chinese Estates.

ASSOCIATION

Burr Bellori

18 ct

i

!

175 cts

::

40ml 15

£80

$1416

£8 15/16

£237 £11 $76

*.

$5.90

$15.80

$225 $400

$165

$190

BS

200

$70 4/7

$6

891

830

H.K. Stock Exchange

Friday, July 18.

There has been a slackening this week to the pace set by its immd- diate' predecessor, coupled with an easing in prices, this latter how ever, being confined to only a few counters. The Ministerial crisis in Japan has not 50 Tar affected market conditions. The slacken-

ing

in trade can be attri buted rather to the want of breath following a beetic week's trading.

The customary interim dividend of £2.10 has been declared by the H.K. Bank, payable 11th prox at exchange 1/2-7/8 H.K. Bapk scrip changed hands up to $1925, 000 have since been reported at 51415 and at this there are enquiries.

Both the H.K. Government, 34 Loans went ex coupon 15th ins the 1034 issue is in good demand, but in short supply at $933. Hold- ers give no indication at what price they are prepared to nego- tiate the heavy investments 50 that business in this class seems temporarily impossible.

BUSINESS DONE DURING THE WEEK

H.K. Banks, $1410, $1425, $1415.. Bank of East Asla, $75.

$5.90, $5.85, $5,80.

SATURDAY, JULY 19, 1941. -PAGE

No Excuses

There's no need to make excuses for insist- ing strenuously on "BLACK & WHITE". The fact that you do insist on it is a tribute to your judgment. “BLACK & WHITE" never fails to give complete satisfaction.

"BLACK&WHITE"

#3.00

H.K. Steamboats, $8.40.

CJ.L, (11)

$97

Docka, $15.90, $15.70, $15.80.

$3.85

Providents, $6.02. $B. $5.95, $6,

$0.80

Hotels, $3.80, $3.50,

Cotton Mills

Humphreys, 67.

#412 $305

Ewo (8.........

$400

Trams, $17.40.

S'hai Cottons (9)

#305

Lights (0) $6.05, 26.074, $0.

Zoong Sings (8.).

Lights (N), $1.30.

Wing On Textiles (9

8126

Lights Rts, 40 ets.

Public Utilitles

Electrics (0), $22, $221.

8171

H.K. Tramways

$171

Electrics (N), $21.

$7

Peak Trame (old)...

$71

ny

$31

Peak Trams (new).

8531

Star Ferries

$64

Telephones (0), $23.

$22

Y'ati Forrien

$22.60

Ta

China Lights (0;..

$6

$1.30

$1.40

Dairy Farms, $194.

822 821

X.R. et

Constructions (0), $1.60.

8911

$11.30

rivers. Next to this is the open-

communications

transported

were Canton

Kwangs and

then Szechwan

To

by

the new line.

ships in

The

section

oetween

Kweish

by

and Luchow wus completed the end of 1938 when the Battle 01 Nanning was in full

swing.

Ing of new water and the building of more order to augment the existing transportation facilities.

This work carried on for more than three years, has brought considerable results. Dangerous

It played an Important part in transporting Chinese troops and ranids have been rendered easily 81830

supplies to the front,

Work on the sections Nantung- Lluchow and Narning-Chenna- kwan. under construction when the Battle of Nanning began, was suspended after Nanning fell and

had since heel finished.

IMIL

רז

van

and safely navigable by means of newly installed mechanical towing stations. Formerly, for the rivers in Szechwan the biggest ship was mited to only a few hundred tons. Since the installation towing stations even 2,000-ton steamers on the Yangtze Road

reach beds of

easily

Chungklng

from Burma and Kunming- (Sullu Yangtze Gorges.

Ichang through the treacherous railways have been parually written in the annals of Chinese A new page was pleted. The two Ines. leading shipping and navigation. At pre- from the upper Yangtze trading sent, more than 50 wwing stations center Ipin to Kunming and then are in operation on the to the Yunnan-Burma border.

тпе

Yunan-

form the most important intel national artery in southwestern China, Hardships and obstacles considerably delayed the progT2R8

but with

in construction,

foreign

help forthcoming,

waterways. and more

added

various

are being

As to newly established communications since

water

the war. more than 1,900 kilometers of steamship lines and

some 2,200 both kilometers of native junk routes

mare

lines may be completed within a have been opened, while another reasonably short time

Another importan. away

1,500 kilometers of steamship lines are being planned. Steamships

dertaken in time of war is the are now

plying the Wuklang in

Lluchow-Kwelyang Hallway lead-Szechwan, which has been known ing from the central Kwangs for its dangerous rapids. Even city to the Kwelehow capital. the swift and treacherous Cold

Macao Electrica

...

Macao Elantrios

China Lights (New).

XRts. H.K. Electrics (j

H.K. Electrica(Now)...

811.30 H.K. Electrio Rie)

$121 Sundakan Lights.....

|$23.10 | Telophonce foldi.....

Telephones (new).....

Industrials

+

Electrics Rts., $11.30.

Cements, $15.25.

Ropes, $8.80.

"It's the Scotch!"

SCOTCH MINIST "LACK & WH

DOKE OLD SCOTCH Y

Constructions (N), .80 cts.

HX. Govt. 33% Loan (1934), 93.

X. Int.

BUYERS

H.K. Govt. 34% Loan (1984), 974. H.K. Gort 31% Loan (1940), 934.

Canton Iris.. $225,

H.K. Fire Ins., $185,

KIRIN

The

B

E

E

R

Choice of

•The Multitude

Sole Agents:

HONDA & CO.

Union Ins., -6400.

€28

$8.94

$30

Cald., Mang. (Ord.) 8.

325

Cald., Macg. Pref 8

81

Chaton Ecus...

75 ots.

816cmente

8261

Providents, 85.75.

$9

H.K. Hopes

48.80

Hotels, $3.40.

H.K. Girt, Longs

3)

Chinese Estates.. $101,

$94

4% Loan

7%

$03

31%

(1994)

Electrics (0) X. Rts., $22.

1.

941

192 31%

(1940)...

MiscellaneoUK

$19 Dairy Farms.

#81 Entertainments

$1.60 Constructions (old)..

80 cts. Constructions (new)..

16.45 Lane Crawfords........

Nanyang Tobacco...... Sinceres

Ch. G.5% 1925QJFida

Electrics (N), $21.

Cements, $14.75,

SELLERS

Providents, $5:90.

$1

$1.65

Lands, $354.

Trams, $17.25.

se. 45

SALEB

$3.60

$2

$24

$10.90 Watsons

$10

$42

€39

H.K. Wing Un

28/0

$42

S'hai Wing On

$14

17.20 Vibro Piling.....

#

5/2 Matsinans Iov. (Lon.)

2/2

Maramaga út. (H.K.)

Wa, Powells.......

New A. W. Ltd.

+Bale to Shanghai

Rails. sleepers. and other mate-isand River (Chinshaklang) will TRAINING OF LAND HONGKONG

near

rials were taken from railways he made navigable in the forn up by the Chinese

In the future. Owing to increased trans- | war areas. First survey on this portation,

line began in April, 1999, and 160 been felt

TAX COLLECTORS

an acute shortage has The Ministry of Finance is plan- in river boats in the ning to train personnel for the

kilometers of track were com-interior. To reduce and eventually collection of land tax in kind. A

pleted in January, 1941

this line is proceeding.

HIGHWAYS

Work on remove this shortage, old steamers class of 200 students will soon be

Betare the completion of the new rallways, however, highways have assumed the major share in transportation as they are easier

to construct. The few highways

brought up from

the coast have opened.

$0.60

SHAREBROKERS

ASSOCIATION

Volume of Business Transacted on Friday, July 18, 1941. SALES

been overhauled or rebuilt and at Meanwhile, preparations are, be China Providents the same time improved wooden ing feverishly made for the col H.K. Electrics Rta.

lection of land tax in kind, and H.K. Hotels Junks, which are 30 per cent, more efficient than

are expected to be completed be- the old type, ATO

fore August 1. Collecting offices Steamboats being constructed.

will be formed in different pro- AVIATION

vinces, and hsien with the Com-

In the Southwest and Northwest Civil aviation has witnessed a missioners of Finance and magis- before the war were not able to tremendous change ance the falltrates as directors respectively. meet present demands. There- of the Wuhan cities. With the fore, efforts were concentrated on main

of

purpose of maintaining

TO COLLECT IN KIND

600 $5,85

50 11,00 *200

3.00 200 -3,50 100 8.40

1,050

*Sale on Thursday, 17th inst The total value is $5,735.00,

LONDON METALS EXCHANGE

the construction of new roads, connexion

with the international the recent National Financial Con- In accordance with a decision of and, the improvement of old ones. airlines and linking the principal ference in Chungking, the Kwang- The most significant these cities in Free China by air, the rung Provincial Government will the Burma Road. runs on the original Chungking start collecting land tax in kind as highways is With a total length of 960 kilo- Hongkong

London, July 17 (Reuter). service have been from August 1. meters, construction of the road greatly increased and.

Tin, Standard, Cash, Middle new lines began by the end of 1938. Con-, have been established,

A granery will be built in every Price, #357-5/8. Following village in the province to store scripted labourers numbering to successful negotiations with the agricultural products in payment Middle Price, 6260-1/2

Tin, Standard, Cash 3 months, 150,000 worked seven months to authorities in British Burma and of the tax(Central Newa).

cut this road out of mountain Soviet Russia, airlines to Burun

ranges, spanning deep valleys, and Russle, were inaugurated.

AK. Banks, $1415.

R.K. Steamboats, $8.40.

Providents, $5,85/80,

Hotels, $3.50.

H.

Tel. 20720.

40, Johnston Road, Hong Kong, take

PRE-PAID ADVERTISEMENTS.

The following classes of advertisements are charged at the price geen below.com

SITUATIONS VÁCANT. 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 Bate of $1.50 for THREE INSERTIONS. If Charges collected, $2.00.

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, Ching Building, 6th oor. Sundays and Holidays

open.

WANTED KNOWN

Experienced Book-keeper Wante

· Market harder, especially in Students to form a class. Guaran- ""cash," as there le less spelter to students to keep a whole set of selling and better demend by books after completion of a course United Kingdom manufacturers, or 6 months. For Term and Far

|·velopments has not affected Lon-No. 469 c/o H.K.D.P.

and crossing rapid rivers, After Within China, too, additional air the closure of the Indo-Chinu routes have provided better con- ties and supplies which are not The Eastern drop on political de ticulars. Please Apply to:-Box road, the Burma Road became nexion between important points. perishable or urgently needed.

China's only international roud in the Southwest.

Stage Transportation: Utilising

Stage transportation was

don, which is rather insulated by

10-

Ita

the export embargo. After hours,

the market was. Armer-25 tons

a time-honoured system to help augurated in February, 1999, Other international roads built in present-day transportation is importance was more acutely ream" at £257-3/4, pald and buy- during the war include the Chiho- the establishment of stage trans-lised when in 1930 traffic on the Yohau highway from Chiho on portation, Motor transportation Yunnan-Indo-China railway was

ora.

the chief supplementary

TELE-COMMUNICATIONS

the Kwelyang-Kwangsl Highway over highways has since the closed and on the Yunnan-Burma. — to Yohan on the swags-Indo-second stage of the war been the Highway temporary suspended. "China border via Tlenchiow and principal form of transportation. Increased demand for this form form Maping. Work began in March, But it is limited by the relatively of transportation necessitated ox-wartime communication 1939, and was completed in Janu- small load capacity and the high pansion and, tater, centralisation ary, 1040. The road wok the operating cost of trunks which under the National Stage Trans place of the Nanu-honnan make this form of transportation portation Administration which The construction and develop kwan Highway after Nanning fell 'unECONOMIDA). Staffe tranmorta-jis in charge of the interprovincialment of tele-communications ainge in 1989. The Kunming-flokow tion, essentially a revival of the stage lines and supervises provin the commencement of the war has Highway between the Yunnan ancient Chinake courier ayatum, elal branches. According to the been centered on the mainten capital and the Yunnan-Indo was adopted to relieve this sit latest statistics. In 18 provinces ance of military communications China border town was bullt to tion. Thus human and animal no less than 30.000 kilometers of

mich na supplement transportation" over power has been mobilised on a stage transportation lines are in sonce, connexions between the Yunnan-Indo-China Railway large-scale to transport commodi operation. Though promitive, they Contal Pazo 18. COLU

Jimmy's

WANT-ADS

WE OFFER HIGH PRICES for any amount

of gold articles, diamonds, silver, jewola, holidays, Apply Chine Building, 33248.

EURASIA GOLD REFINING CO.

HOTELS

RUSSIAN FOOD- —OUR CLIENTS FAVOURITE TABLE D'ROTÉ TIFFIN OR DINNER $1.50

FOR THE OFFICE

A DELECTABLE

SNACK TIFFIN $1.00

SERVEN QUICKLY SERVKO WEL

:

METROPOLE HOTEL

AUCTIONKEES

BARGAINS IN DIMNI

ENMEMERLUK

AUTO, 2 k

ENGRAVERS" |

FEI FEI & CO.

Photo Engravers - 11, Coskrans Bladet,

·Telephone No. «BERGA,

Just Received FRESH SUPPLY

RELIABLE & TESTED FLOWER AND VEGETABLE. SEEDS

Sulton & Sons Ltd..

GRACA Dealers in Garden Sk

Goods.