1941-08-26 — Page 8

PAGE 8-HONGKONG DAILY PRESS

CHINA'S OWN CULTURE

Continued From Page 7

essentials ilke

and aeroplanes volunteers, it will not be long be fore this law-breaker to summarily dealt with America

big tize sister among the Pacific countries. and China hopes she will take the lead in this crusade to

a

15

establish permanent peace.

which In China will co-operate to her ful- est extent.

Dr. Lattimore has helped great- ly further to cement the friendly relations existing between America and Chiná. and when An the future, the Pacific Ocean deserves is name in more senses than one I am sure that the two great Re- publics at the Eastern and West- eru shores of the Ocean will ow much for that happy state

our speaker Lattimore

Lo

fonight. Dr Over

parts of Europe and South America,

4. Revolutionary China.

Finance and Commerce

BURMA LEVY But China ON LEASE-LEND

Revolutionary America, bas pro- duced a great leader.

has this advantage her leader, Generalissimo Chiang Kai-shek,

was already the national leader SUPPLIES

before the present war

began,

WASHINGTON, Aug. 25

and already the symbol of poli- trai)-The tical unity and national recon- Daniel struction. Therefore China

reasons

ed

(Cen

SWAMP INTO!

Province

weeds.

FIELDS

in the

It

KWEIYANG, Aug. 25 (Central) The South-west Reclamation Survey Corps under the Ministry revelation by Mr.

of Agriculture and Forestry has Arnstein, hear ni the

submitted a plan for turning the group of American transportation Tsao Hai (the Sea of Weeds) 'm knows already who her leader experts to China, from Chungking the will be in the years of peace, yesterday that the Burmese Gov.

district of Wetning In the and this is one of the important ernment ta collecting a

fertile into a plece of one per land. why China's

of W&T

cent advalorem tax on Lend and liberation will probably not have Lease

The Tsao Hai measuring 100,000 goods in transit ACTOSA to last seven years. as did the Burma destined for China was Heavy rainfall in the 8th year of mow was formerly fertile fields. American war of independence. given prominence in the leading the Reign of Hsien Feng

COMMON INTERESTS

American papera and

creat-Ching Dynasty (1858) turned an unfavourable impression into a Comparison of these four points

vast swamp

grown with Indicates that in the first place

among the American public.

Mr. China of today

Arnstein the revolutionary

described the

It is estimated that an engineer- revolutionary Burma tax as "an iniquitous iming fund of $2,000,000 is behind the is not

needed 160 years position" and threatened to bust and the recovered fields will pro- America of more than ago, but ahead. Ju the seend the story wide open in the United vide work for at least 20,000

States" when he returns

farmers and yield an annua) out- It is not only a great honour and China wi continue to share

The adverse publicity criticism

put of 300,000 plculs of. miscel- the Burma but it

Came great responsibility to be conimon interests after the war is

levy

lanevus cereals. called

to speak before

Ver

Both are dedicated to De- from London whence it was re- ported that the British Govern- People's reign Relations Asse-mocracy, and if both remain faille elation of China, under the dist. muracy, there will be no inent has sent representation, to Unguished presidency of General danger that America will cease to Burma seeking the removal of thei Wu Te-chen An American speak-help China, or attempt to take ad-duty on Lend and Lease supplies.

However, the report said Faday musi try 10 vantage of China tx la Cuina represent worthily the feeling that! For there is a fundamental disince Burma is self-governing In the whole American nation hastinction between imperialism and internal affairs, the British Gov- tor China. It is partly for that Ens rạcy Japanese imperialism ernment can only make known Is reason that I should like to say demands the right to interfere in views on such a matter. something about America and the Chins's internal affairs, and to say future of China.

who aball rule in what pari of

THE ADDRESS

Lattimore's DI

oh Speech "America and the Future of China" which was the first one he gave In Chungking reads

Today our nations have A common aim; the defeat of aggression, In this you have taken the lead; we follow and support you. But what of the future? W

tr interest in

the future world continue to be the same?

|Date

indicates

that America

of

WINE-BREWING Chica American Democracy £15 IN KWEICHOW

T

that

led today by President Roosevelt, 18 not Interested in dividing

Conserve foodstuffs, the China, or taking advantage of Kwelenow Provincial Government China by

China's has issued a circular order ban- intervening in form of government, but in suping the brewing and drinking of porting a united China. Because Wine.

we believe in Lemocracy, we mi- As a result of the order, more breweries in Kwelyang

The reasons for which America derstand that the future Chinese than 30

is vitally interested In China's Democracy will not necessarily be have been closed and over 17,000 falute become clearer if we ex-jan imitation of American Demo-picals of wine sealed. Trade In aralue certain points in America's cracy

the

famous Kwelchow Mactal own past There are four points! China's own culture will shape Wine is now completely suspended. that may be mentioned.

China's Democracy. and China's Central News).

the

creation

modern Democracy.

1 America's War of Indepen- Democracy 1 more likely to be de, more than 150 years ago, something new and creative than was also a revolution. It led the it is to be simply imitative. What way towards

ofis Important so America Is ibat

China should be free: because ፡ 2. Before this war and this free and democratic China will be revolution, there were 13 British able to defend herself against colonies in America. They were aggression, and will be prevented not united It was the war that by her own democratic Organisa- made them free, and the revo- tion from engaging in lution that made them united.

against others. 3 The America of that time

backward Was

country. compared with Europe; but the Hiberating finence of Demo- cracy enabled American culture to catch up rapidly with that of Europe, and even to lead the creating many of the way in

as

aspects of modern fe which we consider to be essential in a high civilisation

4

The war and the revolution produced

great American A leader. George Washington. whe became also a great leader

peace. Unity under Washington In the first years of the Republic

of the Unike Siates made pos-

sible a period of rapid construc-

aggression

If, therefore, we help you to wire your freedom today, it is partly because we count on you to help us maintain our own freedom in the years to come; for in a free world, ali countries must be free, or none are free from the danger of renewed imperiálism and ag- gression. We are helping you and we shall continue to help you; but the fundamentál victory in the war of liberation and the successful achieve- ment of the Chinese Révola- tion must be won by the Chi- nese people themselves.

H.K. Stock Exchange

Monday, Aug. 25. BUYERS

H.K. Govt 4% Loan, 97.50. H.K. Govt, 34% Loan, (1934).

96:50.

HK. Govt, 34% Loan, (1940),

98,50

Canton Ins., $225. Union Ins, $415. HK. Fire Ins., $185, Providents, $8.10. Telephones (0), 523.

SELLERS

TUESDAY, AUGUST 26, 1941.

HONGKONG SHARE QUOTATIONS

SHAREBROKERS ASSOCIATION

MONDAY

25 AUGUST.

Bayer

Belleza

BWorld.

STOCK EXCHANGE:

Bayern Beflora Balss

Nominal

MONEY AND EXCHANGE

81410

LOSING QUOTATIONS

AUGUST 25, 1941.

Bank Bills, on demand 1/2 7/8

in London:-

Télégraphic

In India:-

Telegraphic

Transfer. 12 7/6

$220

$416

$185

Banks

H.K. Banka

£78

Do. (Col. Rog.)

£78

Do. (Lon. Rog,)

Chartered Banks

293

Mercantile Bke. “A”-

El

$74)

list.

876

$120

$70

Mercantile ka. "O". Bank of

East Asia.

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

Insurances

Underwriters

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

Shipping

Douglases

Steamboats

Indo-Chinna (Pref:).... Indo-Chinas (Def.)

48/11 Sholla

Interboste

Dooks, Wharves.

Godowns, etc.

::

$1402

€78

£70

ED

£23

Canton Insaráticos...... Union Insurances........

$130

$416

176 cts.

$185

$120

800

$70

50/0

264

801

Credits 4 months' sight

!

::

Jo Shanghai:-

On demara

460

Jn Singapore:--

On demand

52 3/4

On Japan:

On demand

12 1/4

38.05

Transfer.

92 6/8

On New YoT-

891

Bank Bils, on demand 24 18/16 Credlis, 86 days' sight 25 6/a

86.10

HK & K. Wharves. Providenta

$6,10

816

H.K. Dock (Old). H.K. Docks (NEW)

$16

On Batavia--

On demand

..... 46 3/4

On Paris:-

13/6

32 +Shanghai Docka...

Kailang Raubo

2 ct. Hong Kong Mines.

Mining

and demand

Bank Bulls, on demand Nom. Credits monthe sight Now.

Jn Saigon:-

On demand

On Sterling Notes:-

Market Report

FROM ROZA BROS,

i:

$284

13/0

$7,80

......... 206

Lands, Hotels and Buildings

in Manila:—

$3.45 83.65

On demand

49 7/8

X.D.

$35

H.K. & 8. Hotels.... H.K. Lands.

$3.40 93.56

$36

On Bangkok:---

On demano

148

1974 Do. 4% Debentures... $20 Shanghai Landa.

1971

Bank Buying Rate... Now. dar Silver DEF 01.......... 23 7/16

8101

4372

$3.20 H.K. Realtim

Ewaphreys ....... Chinese Estates.

Cotton Mil

Ewo (8.)

$8.30

$8.80

BUT

$305

Bhai Cotton (B:)..

$305

Zoong Sluge (8.).

Wing On Textiles (8.

Public Utilities

8125

:: #

817 15 $17.10/17 ... H.K. Tramways......

Peak Trama (old)........

$17.10/17

8229

$5 00

$1.30 $21.80 X.Kts.

$11.75

$18 Macao Electrics Macao Electrica

$7

Art

$3 X.D. 861

Peak Tratas (new).....

Y'mati Ferries..

Star Ferrinette

$22

China Lights (0......

18

China Lights (New).

$1.35

$49.D.

H. K. Electrics (Old)... 891.90 X.R.

1. K. Klectrice (New)....

H.K. Electric (Rts)

$124 Sandakan Lights...

Telephones (Gid)................. | (23) Telaphones (new)... | #8

Industriala

Silver

Monday, Aug. 25. prices were unchanged over the week-end, the quotations remaining at 23.7/18 for both Ready and Forward, American Silver was unquoted.

The London-New York cross- rate was quoted at 402,1/2. New York-London was quoted at 403 -

Hotels, $3,00, Trams, $17.15. Telephones (0), $23.50.

SALES

1/4.

Ropes, $9

Quiet

NEW YORK STOCK EXCHANGE

STOCKS

Adams Express

American Cyanamid F Smer. & Foreign Power Amer & Foreign $7 pf. Amer, Locomotive Co. Amer, Metals

tion; and it is because Washing Chinese people that they are now Baltimore & Ohio ton preserved our unity in peace, receiving help; for as the General- Barnadall Of after creating it in war, that heissimo has sald, China has proved Bendix Aviation that she can save herself and Bethlehem Steel

ve to

this day

the most

QUOTATION

(REUTER'S SERVICE) AUGUST 24, 1941.

MARKET

STERLING

There were sellers at 1/3 up to October. buyers at 1/31/32 for Casb

U. 8. DOLLARS Selling rate to Merchants at 25.1/16

SHANGĦAÍ DOLLARS

Sellers at 520.

U. 8, DOLLARS

Belling rate to Merchants at 25. 1/16

SHANGHAI DOLLARS

Bellers at 517; buyers at 519.

SHANGHAI MARKET

823

#23,

811

830

Cald., Macg. (Ord.) B

$26

Cald. Maog. (Pret.)2

8)

Canton few,

75 cts.

$15

Carbants

16

+

$9 H.K. Ropes

$6.85

H.K. Gort, Lowas

14% Loan

96.

%18)

94

(1994). (1940)..

Miscellaneous

Dairy Farias... Entertainmenla

81:60 Constructions (old)..

80 ots. Constructions (new)..... 8645 Lane Crawfords............

Nanyang Tobsocowys, Sinceres

Watadur

Ch. 0:8% 10ME$Bds: UK Wing On

S'hat Wing Or

27.20 bro Piling in

0/2

1/0

Albramana Tuv (101)

Miramintia Inv. (HEY) W Powells

NA. Chemicals (HK) $5Į

+Bale to Shanghai.

HONG KONG TIDE TABLE

steadler with sellers at 4.374, buy-

Shanghai Exchange

Shanghal, Aug. 25 (Reuter).

ocial FT. Kater

DONT FORGET

Last Sale

!

STOCKS

Last Sale

Aug. 23

Aug. 23

7

thegbang Steel Co.

234

Allis Chalmers Amer. Can

29

Johnsmanville

Sennecott Copper Libbey-Owens-Ford

'66*

38+

SỬ NGHẢI MARKET Unoffietaj rate reported sellers of Sterling at 2.3/4 and

#971 B06

$961

:::

31%

*

U. Š.

$18

Gags

271*

Dollars at 4.6/8 for Cash.

201

813

Lockheed Aircraft

AFTERNOON MARKET

271

394

Loew's Inc.

Quiet.

362

#

Martin, Glen L. Co.

STERLING

27*

21**

Montgomery Ward

34*

133*

National Aviation

9Z*

There were sellers at 1/3 up to October, buyers at 1/3.1/32 for

10*

Nat Dairy Products

14+

Cash,

"142

83

Amer, Radiátor

62

National Distillers

| Amer." Rolling Mill

148

Nat, Power Light",

$19

$61

$1.65

$8.48

$3

$11

28

$42

$14

BOL

Atner. Sting and R'ing Co.

417

National Supply Corp.

Amer, Sugar Refining

19

New York Central ....

124

Amer. Tel, & Tel....

1532

Niagara Hudson Power

21

: :

Amer. Tobacco "B" Amer, Waterworks

694*

|N. American Aviation

14

44

North American Co. (New)

13

Anaconda Copper

.281

Northern Pacific,

78

The unofficial market for. U. 8. Dollars was reported as

being

Atchison, T. & 8. P¿.

28

Packard Motors

-3

Indeed, it S because of the Aviation Corp. sufferings

32

Pantepec O Ven.

41

ers at 4.7/8.

and sacrifices of the Baldwin Locomotive Co.

15#

Paramount Pictures

140

44

Pennsylvania RR.

23

10

Philips Petroleum

441

372

Pullman Inc.

281

681

Pure Ol..............

92

101

Radio Corph, of Am, marks, 4

Opening

coming to the aid of Boeing Airplane Co.

181

Reading Company.

Com 1619

Londan

073-5/32

Borg-Warner

181*

demington Arms Co, Inc... 41

New York

Briggs Mfg. 00

19

Republic Aviation Corp. 3+

Japan..

Budd M'facturing Corp.

42

Repabile Steel

197

India

Canadian Pacific

47

Reynold Tobaë. “B”

314

Paris

Celanese Corp.

25%

Schenley Distillers

157

Hongkong

6-5/16 unquoted 17-172 unquoted 21

Chesapeake & Onio

381

Shell Union of....

14

50

Sotony-Vacuŋum On

9

27

Gov-! Commercial Credis Co....

231

Southern Pacific... Southern Ely, $5. pfd.

14

171

Spleer Manufacturing Co.

anard Brande

3011 36**

59

An increase of from 10,000,000 plculs to 20,000,0001 pičule in Aze- chwan's food production in au lumn this year over last year is expected, according to reports

THAT WHEN You are at Home you can get the HONG KONG DAILY PRESS

Month.

Days o

From 28 Aug, to I Sept. 1941.

HIGH WATER.

-LOW WATER

Hong

Kong

Standard

Time

Height

at SELFRIDGES.

Tues. 26

Wed. 27

Thu 28....

Fri 29

Sat. 30 0243

Bun. 31

11 32

h.m. tu,

Hong

Kong

Standard

Time

hm,

6 8 05.07 12.2

Height.

1740

11: 8

$00 07

122782 18262

0001 6216 60 26 13235 6

1901

61 804

0815

[

1430

$9

1937

€409'57

16 24

45.90 27

-03-52:

04.11.32:

53

Standard Gas & Elec.

171

Mon. 1.

151*

Standard Olof NJ.

43

out by the Ministry of Food.

1808

06.07 86 12 44

19 32 4·0

3162147

9$

Studebaker Com

54

10

Swift International

224

70-

Technicolor

-97*

156

Texas Corpn...

·413

·91*

Trans-America Co

44

381

20th Cent, Fox Film, Com.

8

2A

Union Bag & Paper Corp.

107:

54*

Union Pacific

United Aircraft

391

143*

United Airlines Trans United Corpn

101

9/10

TO-

revered figure in American his-help others-and therefore others Bliss & Co., EW, (com) ...

tory

POINTS COMPARED

are China

now

RECONSTRUCTION

PROGRAMME

If we compare these four points in the past of America with the present and the future in China, there is every reason to believe titat China will progress not only as fast as America did, but per- haps even faster. I say tila con- It is officially atmounced fidently, although we all know the the Kwangtung Provincial great difficulties that China will ernment early In August convened Copa & Southern (Ord.)... have to overcome.

here a 1941 Administrative Con- Consolidated Edison Co. ...

Chryslers

that Columbia Gas & Elec.

1. China is engaged not only¦ference of administrative Inspec- Consolidated Ol

in a war against Japanese' imtors and district magistrates in Copperweld Steel perialism, but also in a revolu- which was passed a Three-Year Ourtise Wright (C) tion to win true equality for Wartime Reconstruction Program Distillers Corp. (Beagrama) China among the nations, and me, for Kwangtung.

from a

Douglas Aircraft

a democratic freedom not leas The Programme includes politi-Du Pont de Nemours than that of other nations. cal, economic, social, educational Eagle Picher Lead......

2 Chine formerly suffered and cultural reconstruction, the mec. Autolite Co,

certain degree of dis-establishment of a personnel Mec Bond & Share multy; but this disunity was not system, the adjustment of the ad-Elec. Bond & Share $5 pt as bád as that of the thirteen ministrative machinery.

Elec. Bond & Share se pt. 591 American colonies. It was part- The period of enforcement Elec. Power & Light 57 pf. 34* ly the result of Manchu imperial from

to. 1944. - (Dentral Flintkote rule, partly the result of poor Naws).

communications, and partly the result of Western imperialism;"

but in the present War of RA- sistance and

1941

Gen. Electric

Gen Motors

Gen. Railway Signal

Get Tire & Rubler..

317 United Corp. $3 cum pt. 231

United Gas Improvement ?F

National Recon- SINGAPORE CHINESE Hoodrich (BF.) ......... struction Onina is not only TO RAISE FUND Goodyear Tire & Rabber... 10%

freezing herself from" imperial- |

38

14/*

U.S. Rubber.

12

U.8. Stoši

181

Vanadium

Vultee Aircraft

Great Northern Iron Ore 17

Walworth Co

251

Warner Bros, Plót.

ternal causes of disunity:

20

Westinghouse Elec,

201

Woodward: Iron Cor.

to the "backwardness of China, Singapore when it was decided to Inter. Paper & Power to... I do not entirely agree with this launch a campaign for the ralaing Int. Tel. & Tel. (Pon, 18.)-21* term, for the civilisation of of funds for the Lord Mayor's Air China is the oldest living ofvill Rald Distress Fund,.

184

| National City Bank

Jsm, but also removing the in The Federation of the China Great Northern Rly, pfd.

Rellet Fund Committees in South-Great Western Bugar 3. Many Chinese also refer east Asla hold a meeting Inter. Nickel

submitted by investigators sent

WOORD-OGNI

sation in the world. It is also. The first weak in September

1941

Chase National Bank'

- DOW JONES AVERAGE ADOR

138,00 115,30 80 Industrials.

a very high civilluation, and it will be set aside as the "For High Low Dow Jones Averages is amuler, for the highly cultured Britain Week," the programme in Chiness to acquire the technical cluding the sales df" flowers, hold- knowledge and skill of the mo-ing of a Bowl of floo dinner: ond dern world than it for the prayer for British victors{Cen- peoples of the more backward trai Newa),

80,89 - 2001 10 Bals

•10,06 % 1% BE

09.10 89.00×40%

Aug. 14. 1941 Aug. 15, High Dow Close 196.847/7/1R0.00 125:70 198291 180.16.130,19 (20.15; 80:38:

16.90.

0101

76.48 56.48:11 Conimodio inder - 70.04 Pakat

30

Busfabas Dons160,000 share

STEAM NAVIGATION COMPANYAR

Operating Survices for Usigo and Passengers

SWATOW, SHANGHAI, TSINGTAU, CHEFOO

and TIENTSIN.

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA

SANDAKAN

HAIPHONG

All steamits borth alongside

the Robervelt Terminal In! the French Contasión" at Bhanghui, whezo paseongora nudi cargo ape landed.

For further particulars

please, apply

JARDINEN