1941-08-01 — Page 9

HONGKONG DAILY PRESS

FINANCE & GENERAL

JAPAN BAITING THAILAND CHINESE CREDITS JAPAN PREPARED TO HALT TO JOIN NEW ORDER WITH IN INDIA OFFER OF CAMBODIA, LAOS ARE BLOCKED

BANGKOK, July 31 (Router) - White authoritative circles deny that Japan has offered Cambodia and Laos as quid pro quo if Thallund will foin the "New Order," well-informed observers be.. lleve that it is only a question of time before Japan sounds Thai- land on proposals of some sort.

They think that it is quite probable that Japan will shortly offer the world-famous Angkhorwat and Laos in Indo-China in the be- Hef that Thailand will be very glad to have the former for senti- mental reasons and the latter on internal political grounds.

JAP. SHIPPING PRECAUTIONS

No Vessels Calling

At N.E.I. Ports

SATAVIA, July 31

(Reuter,

EXPANSION IF INDO-CHINA FAIT ACCOMPLI RECOGNISED

BOMBAY, July 31 (Reuter)-

VICHY. July 31 (Reuter) Japan is willing to call a hall to The Reserve Bank of India has expansion if the democracies recognise the "fait accompli" in French issued Instructions to all banks Indo-China. If, on the other hand, “encirclement” in the Pacific con- that the accounts of all persona tinues — in other wards, it economic sanctions are aggravated by and firms resident in China, in an embarge on oil - Japán will have to consider taking measures cluding Shanghai. or accounts of to prevent herself being strangled. all firms and companies infor porated in that country or under the control of residents in these territories and operating in India shall be blocked.

The offer might be subject to two important conditions--firstly. Banks have been informed that

That is how the Tokyo correspondent of a Vichy news agency quoting "well-informed Japanese quarters" - summed up the at- titude of the Japanese government.

The correspondent "does not, Everything that had happened

basts for

aby way of economic war was an- despair of finding a modus vivendi with the United ticipated, declared Mr. Miyamoto. they may honour obligations un- Japan to have a virtual monopoly

States when the psychological Japan had planned its economy of Thaliand's rice, tin and rubber der confirmed credits opened exports; secondly, temporary faci- or before July 30, 1941 on behalf effect of the credit blockade sub-for the latter half of this year

wf residents in those territories &ides,

Hitles for Japan to use naval and air bases in Thailand

on

and that they may also accept

bills or pay cheques drawn by such

.

TOKYO PREPARED

persons provided they are present- TOKYO, July 31 (Reuter)

without counting on supplies from Britain or the U. S.

MATERIAL SUPPLIES

Observers maintain that whe-

The programme for material then Thailand will seriously con

ed by residents in India who be-¡"Our Government is fully prepar-, supplies based on the degree of sider such a conditional offer when came holders for the value on ored to measure up to any situation self-supply achieved or to be ac- It comes is another question al-before July 30, 1941. together though it will largely de- pend on the attitude of

and America.

Britalo

No Japanese ships arrived at Ne- therlands East Indies ports during the past few days although seve rai belonging to the Nanyo Kalum They are sure that Japan knows

that Kabusiki Kaisha, the

the Jup better than to assume only

can be re anese shipping company with sail walk-over at Vichy ings to the Netherlands East

Bangkok despite peated at

the

dies were expected

fact that Japanese forces are now The Batavia representatives poised on Thailand's eastern bor- have not received any communi- ders. cations from Tokyo and they do

าว

Dot know why the ships are de layed

STRATEGIC CONDITION

EXEMPTIONS

FRIDAY, AUGUST 1, 1941. -PAGE

SAY

Gordon's

...and know what you're drinking/

GORDON'S

DRY GIN

DISHLLERK LONDON.

are but

China

that is developing or likely to de-hleved by the combination of Japan.

China, velop in connexion with the Anglo- "Manchukuo" and

"to American combination in the Fargether with what supplements may The following accounts

East."

be obtained from some countries exempted from the order

in the south, funds therein

are

released for This statement, made by

Athough Japan was fully prepar- payment within the sterling area Takenosuke Miyamoto, Deputy Pre-ed to meet the situation there was unly: Centrai Bank of China,sident of the Planning Board, is no doubt of its gravity and the Bank of China. Bank of Communi emphasised in a leading article in urgency developing Japan's cations. the k'armers' Bank of the semi-official newspaper Japan fighting power on an

the National Government Times yesterday, of the Republic of Clilna or any agency of It

NO COLOURING MATTER

Mr.

NO

INJURIOUS INGREDIENTS

of

emergency

ì basis

+

Tn addition, for the time being According to the same observers, exemption also applies to accounta The Osaka Shigen Kaisha, with those at present gulding Thal-in India of Chinese branches Of sallings to

suddenly land's destinies ure very closely authorised dealers in foreign ex- cancelled its advertised contracts, following every fleet of the Far change

Eastern crisis and the latest

Singapore

with the Netherlands East Indies papers and periodicals.

be credited in

rupees ur

Bri. Private remittances to China Wsh and American reactions to it are no longer permitted and. re- A ship of the Nanyo Kalum Ko They are fully alive to the factmittances for commercial purposes busiki Kaisha`arrived on Tuesday that Britain and America.

would must at Semarang. One Japanese ship consider

above mentioned sterling to any exempted account was due at Palembang. Two other economic condition as active asslator to the blocked rupee Japanese ships were en route toance to any Japanese counter-of a resident of China. Private Surabaya but yesterday morning' blockade and the strategic condi-accounts of Chinese residents Batavia agents were still without tion abandonment of Thailand's India are not restricted

news.

neutrality.

the

AWAITING INSTRUCTIONS From these shipping movements 1t

that the Japanese appears vessels have, in fact, changed their destinations. It is presumed that they will remain for some days outside territorial waters awaiting

It is also equally probable that

instructions,

Japan will immediately ask Thal- land to recognise the Manchukun The

Haruna passenger

will at and Nanking regimes. This Maru due yesterday morning

what *- Tandjong Priok in order to get the be a feeler to see last members the Japanese tent Thailand relies on the back- Trade Mission has not arrived.

ing of other Powers to resist pres

Even if Thailand is prepared to discuss a modified form of econo- mic condition, she cannot

easily! be persuaded to commit herself on the strategte condition.

of

liner

sure.

to

account.

Rise In Motor Car Prices: TREMENDOUS GROWTH

Some Control Expected

What the automobile price structure is to be is the question now puzzling leaders of the industry. The request by Leon Henderson, Federal price control administrator, that increases of from 310 to $53 announced by a number of manufacturers on 1941 models be im- mediately withdrawn has served to make more difficult a problem which already was worrying the industry. It has inmediate and future bearing, writes Bernard J. Wemhoff to the New York "Times." That price raises are justified, in view of rising costs and curtailed output, is not denled, but there is the government's price control setup to be reckoned with.

There is

ot

OF INDIAN INDUSTRY

Chetty.

British Pur-

any

Ex-President of the Indian Legblative Assembly and Diwan of Cochin State until last month, Sir Shanmukham K.C.JE, arrived in Singapore by air from Calcutta on his way to New York as chairman of the Indian Purchasing Commission in the United States for the duration of the war. Bir Shanmukham said that the operation with the Commission will purchase in the chasing Mission... United States, war planes and all

FINE EFFORT manner of war material. and "India's war effort is magnifi- machinery for India's war effort cent," sald Sir Shanmukham growing feeling in currently are figured to be on less So far these duties had been per-

"In the Madras Presidency alone, Detroit that soon or late the Offee than a month's supply, a very un- formed by the British Purchasing one erore and 20 lakha of rupees. of Price Administration and usus] case in the automotive in-¡Mission but India's needs had In-have been raised." Civilian Supply will put into effectdustry.

creased to such a great extent Sir Shanmukham said that In- control over car For instance, it is estimated that during the last few months that dia was now prepared for

the entire industry for the 1941 the Government of India found it emergency, and that she was alive model year will produce slightly necessary to have an independent to the danger of attack, particu Used car prices and allowances better than 6,000,000 units. The mission of its own in the United larly after the German pnslaught likewise are coming in for their three

States, major producera. General share of 'attention from

Sir Shanmukham will have two the Motors, Ford and Chrysler, are ex-

Sir Shanmukham - declined to OPACS, specially since this phase pected to turn out close to 4,250,- and he will be

technical advisers in New York corament on the political situation

assisted by of the industry will exert atrons 008 of this total, with the remain-Indian Trade Commissioner to the the

in India le for diamond industry is going on benenee over Uncle Sam's defenceing companies, including miscel- United States, Mr. H. S. Mallik, dian industry since the outbreak

Speaking of the growth of In workers and their transportation laneous truck makers adding the CS. One of the technical ad- of the war, Sir Shanmukham sald during this critical period.

balance of 750,000 units. In other visers is already in the United that tremendous strides had been The recent, $10-to-$59 price in-words, the three largest producers fcreases put into effect by Chrysler, will have built approximately 65 Mission

States. The Indian Furchasing made, and very soon India would

work in close Ford, Plymouth, Studebaker, Nash, per cent, of the Industry's total,

co-be building her own ships with the completion of the docks at Vizagapatnam.

Fight For Diamond Industry

WASHINGTON-A sharp strug

control of the European

IAP. MERCHANTS

LOSE PRIVILEGES Thailand has met with no

NO PRESSURE

from

tween Britain and Germany as result of the strong demands now being made for bon rough and pres-polished stones.

Industria), dlamunds

а

are 1

the

some surt prices.

ESED CARS

wil

against Soviet Russia,

TOKYO, July 31 (Reuter)-Fol-sure, economic or military, lowing up the notification of the any Power and has no anxiety creasingly in demand for arma- Dodge and De-Soto, were here con with the remaining 15 per cent. suspension of the most favoured whatever about being object ment manufacturing purposes, and sidered moderate in view of contributed by an additional eight burden on the smaller maker. To nation clause with Japan on July of military aggression by any for-polished stones are

Bir Shanmukham has repres enjoying

a rapidly rising material costs and or ten companies including truck meet this it is pointed out, the sented India on 27, New Zealand bas abolished the eign country, says a communique (strong market for American dol-In view of the recent 10-cents-an-makers.

a number of larger makers may agree to a re-occasions at overseas conferences- special privileges for Japanese affirming Thailand's foreign po lars, partly as a result of the de- hour wage raises granted by these merchants entering the country, Hey.

sire of many Americans for in- companies. It is agreed that the This means that maintaining a duction absorbing all or part of He represented Indian employers according to a message received by

'The communique adds that Vestment in diamonds, according basis for any price boosts will be competitive pricing with the larger the smaller makers quotas, how at the International Labour Con- the Foreign Office says the Japan

to recent information

manufacturers, and at the same ever, leaders in the industry areference at Geneva in 1018, 1029, Thailand will not be concerned

published considerably broadened starting ese news agency.

Commerce August 1, when the industry goes the writing off tool and die costs not sanguine that the announced and 1993. He was one of the It disclosed that Japanese mer-

with any dispute arising outside by the Department of

on its 20 per cent. curtailed pro- against each model, the mark up initial cut of 20 per cent. will be Government of India delegates at chants entering New Zealand will of her borders but will gladly carry

with

Germany, according to the Do- duction schedule, thereby advane per unit for the smaller maker the last. Nor are they sure that the Imperial Economic Conference foreign hereafter be required to make ap-on trade relations

partment's information, is making ing unit costs.

must be relatively lower. As the the battle for business in the year at Ottawa in 1932. In 1936 ne. plications like ordinary

im-countries with a view to maintain an effort to reorganise the cutting On top of this will be superin-number of units decline, the cost ahead will be any leas intense visited Australia as the Indian migrants according to the newing friendly relations with

every and polishing industry which posed another $25 to $50 per unit, per unit rises. For this reason, than it was during the past year, delegate on the Empire Parlia ruling.

formerly had its centre at Antwerp due to the forced substitution of whacking off a flat 20 per cent. all in spite of the curtailment in sup-mentary · Delegation. → (Malaya and Amsterdam,

down the line would place an extra 'plles of cara. non-defence materiale and the Although the bulk of diamond extra machining necessary to fit stocks from these centres were these metals into the places for- transterred abroad when Germany merly occupied by aluminium,

country.

CHUNGKING SUBJECTED TO THE LONGEST RAIDS OF THE WAR

CHUNGKING, July 31 (Central)—Chungking experienced the longest alr raids on Monday and Tuesday when over 180 Japan - ese planes subjected the wartime capital to eight and a half hours' alert respectively.

Monday's raid began at 7.45 am, and the "all clear" was not given until 3.45 p.m. Tuesday's alarm was sounded at 7 a.m. and the "all clear" given at 4.30 p.m. Meanwhile, Tselatsing, Luchow and other Szechwan towns were also raided.

here.

GERMANY'S PLANS

Tribune).

PRE-PAID ADVERTISEMENTS.

The following classes of advertirements are charged at the price given below:-' SITUATIONS VACANT.

HOUSES AND APARTMENTS TO BE LET. HOUSES AND APARTMENTS WANTED. MISCELLANEOUS WANTE

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.

WANTED TO BUY

Invaded the Low Countries last

nicke) and zing. In line with the year, considerable stocks which industry's saving of more then were sent to France have since 500,000,000 1b. of strategic metals, kome into Germany's possession.

it is interesting to note the speci- fic savings at least one manufac- Germany has formulated plans turer has effected. **. to recapture control of the indus-

DEFENCE METALS try, which was largely disrupted Whereas this big-volume maker by war. and to return its centre used about a half pound Of to Antwerp and Amsterdam, with magnealum in Its 1940 models, the subsidiary centres within the amount has been decreased to .006 Reich proper. Germany is also pounds by using secondary alumi- attempting to force owners of raw nium. Over two pounds of nickel materials to deliver them for pro-was employed in the 1940' 'model;;

establishments located now less than a third of a pound ressing to exclusively within German-con-1s need. Aluminium, which for for all gold and silver articles. trolled territory. At the Bathe merly accounted for over four Jade, diamonds, jewels, watches, CHUNGKING, July 31 (Reuter) (time, the Relch has instigated pounds per car, how constitutes machines-The Offices and residences of measures to prevent the migration only three pounds, all secondary fountain pens. Apply Far East which crashed in flames in the German and Italian diplomats, or skilled diamond workers to other metal not on the priority list.

Diamond and Gold Refining Co., north-western outskirts of Plahan, Consular officials and businessmen countries outside the German oc-

Szechwan was invaded by four have been seated by the Chinese cupation orbit.

A total of 35 pounds of sine Room 621, China Building, 6th lots of over 90 planes on Tuesday Foreign Office following their com-

formerly was used on each model floor. Sundays and Holidays Many of these workers have af-

of this particular when one group again attacked plete withdrawal from Chungking. ready crossed the Channel and

company. Tzellutsing while the rest bombed

open. wherear now only 23 pounds The final batch left here by air are carrying on their industry in are needed, the saving being ing several hundred bombs which on July 27 en route to the Indo London, which, atceramg to the made mostly in the decorative }

Department of Commerce statia- !

Five waves of over 90 Japanese planes carried out the Monday's rald during which Chinese fighters intercepted one batch of the raiders отел Pishan west of Chungking and in a running battle. lasting over half an hour shot; down two Japanese

the suburbs of Chungking unload-

destroyed many shops and re- sidences and caused over 20 casual-

tics.

EMBASSIES DAMAGED The Soviet Embassy was parti- ally wrecked while the British Em-

Tuesday's bombing.

AXIS OFFICES SEALED

China border.

U.S. WAR ORDERS

FOR

CANADA

tics, is still apparently the world's parts of the car. Tungsten and chief trading market.

WE PAY HIGH PRICES

WANTED KNOWN" neoprene have been drastically re- The international diamond sell-

duced and further savings· · are

'Experienced Book-keeper Wants ing organisation is at present anticipated as the Industry is for- operating in London and recently end to use other substances as Students to form a class. Quaran sales of Brazilian atones were re-critical materials grow scarcer. tee students to keep a whole set of bassy slightly damaged by the WASHINGTON, July 31 (Router) aumed after an interruption of

MAXING HAY-

books after complotion of a course The US War Department has several months.

Meanwhile, the

Industry as of 8 months. Far Term and Par The National Relief Commission (ordered $10,340,840 worth of war London diamond merchants"making hay while the gun shines ticulars. Please Apply to:-Box is distributing $30,000 among the supplies from Canadian manu-have recently formed a local ex- and June production scheduled No, 483 0/0 HKDP. victims in Tselluting while Don- [facturera,

change which will facilitate trad called for a record output of class erallssimo Chiang Kai-shek hag This is a new move to give ing in that city. to 556,000 cars and trucks, with a allotted $10,000 for Chengtu. · effort to the Administration's on- The chter obstacle to expansion continuance of the same pace of Meanwhile, public bodice Innounced policy of establishing the of the industry in Britain is the about 130,000 units weekly through Chungking are making prepara-closest possible economie relations Umited number of skilled dla- most of July. Hetall sales also com- tions to celebrate the Chinese Air with Canada. mond workers in the country. It tinuo unabated as buyers enter the Force Day on August 14 whêm chi- Contrasts have been given to its retimated that there are only market before sth higher prices nose planes first took up the chal-War Bupplies Ltd. in Ottawa" for 180 pëllthers in England, com- are clamped on and before the lenge of Japaness aircraft four British Link training planes and pared ↑ with "Antwerp's total of anticipated heavy exclae tax, Ín

for rubber anti-gas gloves. yehre · ago.

80,000 before the Invasion

levied by Congres Pield stocks

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