1941-09-03 — Page 10

PAGE 10-HONGKONG DAILY PRESS

Unified System Of Control Expedient

The loss of efficiency consequent upon Malaya having ten separate olvil administrations, with special reference to matters affecting the military authorities, was voiced by Mr. E. D. Shearn speaking at £ recent meeting of the Kuala Lumpur Federal Connell

Mr. Shearo suggested that fer war purposes there should be an offtee; in the F.M.S. of equal seniority with the Colonial See retary in the Colony to whom the High Commissioner could refer matters concerning the four States of the Federation. This officer." said Mr. Shearn, something is vitally wrong

organisation," Mr "should have power under Your our

decisions for said. Excellency to make

represen!

the territory be will

withi Shearn

Finance

FINANCE & GENERAL

and Commerce

MALAYA NEEDS TRADE

UNIONS

TRIBUNE STAFF REPORTER)

An indication that, in his final report, he would have views to express on the "serious gaps existing between the whole ma- chinery conne ting up the education system with the field of employment." was given by Major St. John Orde-Brown, the Colonial Office Labour Investigator, in an interview with a Tri- bune reporter.

He made the statement when asked if, during the course of his survey of labour conditions in the country, he had found the system of preparing boys for employment satisfactory.

"I would have preferred a long- union er Bhay As it n 1 can only pro- ten-duce a superficial survey in more of or less general terms. but I have Ks been able to obtain more than

expected," he said.

"All matters directly, indirectly He will have the assistance in or remotely connected with financial matters

the sub- war should be so dealt with that

decisions ran

Of trade unionism in Malaya, fecls that his stay here has beca committee of the Pederated Malay instantaneous

and

"I think they will even- too short. ap-will be come to States Finance Coimubilee

I am sure that he said

formed and wil pointed to

financial during deal with

prove the present emergency tually be

The useful.

trade matters connected with the war. Their Highnessus the Sultans will very

"It would appear that the ob be the last persons to consider any nuvement is a plant of ve

and a great deal vious course is to raise the status constitutional difficulties as being i krukan of the Federal Secretary and

pallone, is necessary during Insuperable

development give him as regards war matters

The country. I Major Orde- lack men for Brown's opinion Organising labour unions. "Malaya needs the help of Labour Unlun experts and I will have views on

be helped 111

to

UNIFIED CONTROL all the powers previously cntoyed "The principle of a central con- by the Chief Secretary to Govern-¡trol has been recognised by the greater! Emergency Regulations Enactmen.

principal

or

even

perhaps ment

If it is possible for some and suggest that the POWGIB similar steps to be taken as re bald he extended " Kas

Malay Ufederaled States they should

Mr Shear next referred to the now Malaya can

this regard legislation be taken but delay in preparing

said.

11

my

it is not, I think, for me as a control rubber replanting opera- member of this Council to dliate lins so var as they concern anti- w that tople."

report."

EXTENDED TOUR

GOOD AND BAD CONDITIONS

Conditions, I have found. vary surprisingly. have seen some Very 2000 examples and Some things which I can only say, are he pretty bad. However, an encour aging feature has been that aimust all cases I have tound people alive to the need for in- provements.

H

Imelerin measures dur to discus- Major Orde-Brown has had At the outset of his speech Mi slons between the four State Gov- "very extended and busy tuur." Shearn referred to certain asperis eraments በይ? certain suggested He feels that be has been able to There would have see all turns of industry in the of the civil organisation for war amendments

and in works

"I have found many honest and j successful attempts to replace he obsolete and objectionable condi-

"However, Improvements are we

in the FMS and emphasised that been a delay of nine twelve country. He has visited boot and tons of the past. It was for all of them. whether months due to the system in the shoe factories, rubber processing they be official or unofficial mem-F.M.S of doing things in four sep- plants, fountries and engineeringing handicapped owing to the war bers l be at Lars Lo ascertain aru adasinistral ons

between visiting Several admirable schemes have whether there are not measures "We should do well to remember estates and mines be bas spent a been held up for the time being, whereby waste of effort can be that both disease and war are no good deal of thine watching pot- owing to the lack of materials and eliminated and quicker and better respecters of boundaries." he said. "tery workers and brick makers. results obtained

Mr Shearn pointed out that the ; He travelled through the coun- Of matter which he was putting be try to Penang. saw conditions on fore Government was that there eataics, owned by Europeans as in the

COMMON MATTERS

" any existing organisation or methods of administration unwieldy and prejudicial to the war effort steps should Imire- diately be taken to effect an in- provement." he said.

وند

should be a unified control of all well as Chinese and Indians. Не matters relating to the war and visited mines, and in Perak made when he said a unified control he a flight 10 see what the wines did not mean a Colony control. locked like from the air.

"I suggest for the consideration Urban housing Interested

ad-HONGKONG

SHAREBROKERS

ASSOCIATION

labour and other obstacles."

Dhe recent strikes, Major Orde-Brown said he had not been

position of

getting full

evidence.

For example he was not author-! Ised to take statements on oath. but he had been able to get suffi- { mclent Information to enable him

H.K. Stock Exchange

Tuesday, Sept. 2. BUYTERS

HK. Banks, $1440. Canton Ins., $230. HK. P. 1.s.. $1872. Wharves. $90.50. Docks, $17.80. Providents, $6,65. Hotels $3.70. Lands. $36.50. Humphreys, $7.

Realtius. $3.60.

Trams, $17.15.

Lights 10), $6.50

Lights (N), $1,85.

Telephones (0) Telephones (N), $9. Cements, $15.50 Dairy Farms, 31910 Watsons, 211 60

SELLERS

Providents, $6.85, Lands, $37 Lights (N). $2. Macao Electrics, $18.60, Watsons, $12

WEDNESDAY, SEPTEMBER 3, 1941.

HONGKONG SHARE QUOTATIONS

STOCK -EXCHANGE

SHAREBROKERS

Buyer Heller

Bošn

V'day's

Sale Repté

TUESDAY

Bayer

2 SEPT.

Banks

$1460)

1.K. Banks

81450

£85

Do.

(Col. Reg.)

£PO

Do. (Lon. Rog.)

Est

Chartered Banka

93

Marcantile Bks. "A".

1

Morcantile

ka. "C"".

870

Bank of East Asia....

N C. & S. Banks...

Insurances

17 st.

$230 | Canton Insurances.

8230

$1876

30.70

BAL $90

$70

·

8432 Union Insurances

Underwriters...

$1

8185 K. Fires.......

Shipping

8120 Douglases

Steamboats

Indo-Chinas (Pref 1 Indo-China (Del

$1/10 belir

$8.55 Waterbonda

Decks, Wharves. Godowns, etc.

$902

ASSOCIATION

Hoilers

Дания Resin

285

£80

870

4230

$435

75 cts.

BIRD

$120

::

BR

890

$70

61/104

Sch

Yauma Ferries, $23.

Electries (O: X. Rts.. X.D. $21.75 Electrics (N), $21.30. Electrics Rts., $11 20.

#901 8911 $90 70.6K $17

$82

1 K. & K. Wha Providenta $16 11K. Docks (Old)

484

$6.70 $6.90 86.76/.20

816.80

217

H.K. Ducks News

€32

Blanghai Ducka

$82

$23,60

Mining

13/5

Kailans

13/6

$7$

Rauba

87

#71

C.D.

2 cte., Hong Kong Mines

Lands. Hotels and Bulidings

$3.80

73,60 | H.K, & §. Hoteh..

$3.00 $3.7b

$36

*36/ 36

K. Landa.

838

1974 Do. 4% Debenturen...

8974

$21

Shanghai Landa.

134

SM

:

1.K. Realties.

Пumphreya

$100 Chinese Estates.

8431 Ewo (9.)

$31

$7.16

$7.30

Cotton Mil

$438

$306

'hai Cottons (8.).

$305

Zoong Binge (8.)

་་་

Wing On Textiles S

8125

Public Utilities

847.18

$17

H.K. Tramways.

817.20

$T

Peak Trama (old)

$71

Peak Trame (new).

#618tar Ferries.......

$191

I'musi Ferries.

$28}

China Lights (0).... #6]

$0.00/1.60

| 21/201

$11 10/16

1.

821,40 X.Rta. $21.40 X.D... Electrics (Oldi.. $22 10 X. R.

H. K. KlectricalNow)... $21.26

H.K. Electric (Ris) 811.20|

$184 Macho Electrics

81.30 Chinn Lights (Now).

81,8&

#1.72

$22

$21 $11,15/20

SALES

HK. Steamboats, $10. Docks. $17.50/90. Providents, $675. Hotels, $3.70,

Lands, $36.75 Trams. $17.35:40.

Lights (0), $6.60,

Lights (N), $1.85.

Electrics Rts., $11.30.

Telephones (0), $24. Cements, $16.50/60, Ropes. $8.50 75

823

$64

1.70

$214

LONDON STOCK EXCHANGE

$11.16

Mr. Shearn thought it must Government that it is more im- and everywhere he stopped at. he to make recommendations which

a point of realised by Government how great! pant that we should do every-made 11

visiting the might possibly lead to steps to

(REUTERS, SERVICE) In Malacca he made avold a recurrence. thing we can to win the war that urban areas. way the

London, Sept. 1. amount of extra wirk

that we should worship the shib- a special round of the poorer is. devolving upon the military au- beth of Decentralisation."

The following quotations are the Major Orde-Brown remarked thorities in this country by reason

trlets.

of the fact that "there are

In Singapore on his return from that he had come to the conclu-middle prices at the close of the market in London. All quotations

B-Jayu

up-country, he speat must of the son that there was a slight labour Civil sep rate

day visiting rural areas and the shortage and a small increase of are subject to confirmation and no ministration: how protracted we

water-front.

imported labour for the time being responsibility is assumed for errors the delays attendant upon matters

in transmission, But despite the fact that, in his would be justified. commen C the whoir

to look War to Jown words, he has been able

But it was necessary being handled by

separate ten

Loan. 34% of in-ahead how great

With the end of the war accumulate a great deal

after 1952) formation both oficial and un-and the release from war work Defence Loan, 3% consequener is the loss Fit PITI

official and that he has been able of a large amount of labour, Canton-Kloon Rly. 5% $ 6,60

15.50 to see a tremendous lot of Malay Malaya would be faced with

Chinese 48% Gold Loan 15.60 lan

industry. Major Orde-Brown serious problem.

1898 (Brit. Issue) Chinese 5% Gold Bonds.

1929/47

Governments and

Volume of Business Transacted on Tuesday, Sept. 2. 1941 SALES

us to whether

nients should or should not

made by the civil government

appeared that

Concerned had expressed agree- Dairies

MONEY AND EXCHANGE

Telegraphic Transfer. 1/2 7/8 Bank Bills, on demand 1/2 7/8 Credits 4 months' sight

а

MARKET REPORT Loan. 1908

FROM ROZA BROS.

Tuesday, Sept. 2. Silver prices were

not quoted morning. American Bliver was quoted at 24.3/4 for Spot.

this

The London-New York cross rate was quoted at 402.1/2. New York-London was quoted at 403.- 1/4.

3

Macne Electrica

$12)

Sandakan Lights

:

8231

89

$23 89

Telephones Kidì..............

geal

Telephones (new)....... 89

*

Industrials

845

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

$36

Cald., Macg. (Prof.)8.)

1

Cantos Teek..

76 ots.

BiBi

$15

L'ements ....

816,30

$45/9+

H.K. Ropes

89.40

2.46/.50 ...

HE. Govt. Louns

(Red.

$101 4% Loan $94 134% 808 [98%

8101

(1934)

898

900

H

(1040)

105-5/16

101

$10.10

$19.10/16

13

$61

47

16.45 Lane Crawfords...

46

:i

Miscellaneous

Entertainments

81.60 Constructions (old)...

80 eta. Constructions (naw)...

Nanyang Tobacco...

Dairy Farmus...........

$19.15

86 601

$1.85

88.45

83

$2 11.75/80

Watsons

82.30 $JL.70

$11.78/20

348

Ch. G.6% 1925G$ Bds

830

A.K. Wing On

S'hai Wing Un

28% 842 814

$7.20 Vibro Piling

8/3

Maramana Inv. (Loa.)))

1/6

$14

S 00.

++1

96.00

elegcy"

China Lights (0)

thon referred to Cements, Sovarn recent cass in which the military

1,081 500

1,000

authorities put before the civil, China Providents

1,000

6.75

wurturities some very simple pro-

300

6.65

pusals at the question Aruso

1,000

6.75

Chin. 4% Anglo-French

whether they should be accepted 11 Dycks

100 17,30

and

certain par

200

17.50

100

17.60

100

17.75

most or per

700

17.90

bur, all of the administrations

600

18.00

200

ment that there was a divergence Electrics 0 C.D. with regard to the question of Erctrics RIS. payment and the matter nad

1.0

be referred to

them again

Lo H.K. Telephones (0)

achieve uniformity.

was

It seemed to him that the matter

which ong

any intelli- ane mar of

average gence could and should have deelded with five minutes 1f he was reasonably quick half an hout this land of "Besok Ropes

6

worker or in

22,50 11,30 700 11.25 200 24,00 HK. Telephones (N) 250 9.50 H.K. Tramways

50

19.25 CLOSING QUOTATIONS

SEPT BER 2, 1941.

416

In London:-

1,000 17.25

Chinese 5% Crisp Loan

1912 Ohinese 5% Reorg. Loan

1913 (Lda. I8) Chinese By Ster. Notes

1925 (Vickers) Chin. Imperial Rly. 5%

Loan Honan Rly. 5% 1905 Hukuang Rly. 6%. 1911

(LP. N/Y Issue) Hukuang Rig. 5%, 1911

30

38

10

67

14

Corp. (Col. Reg.)

85

Chinese Eng & Mining

15

(bearer)

13/01

500

17,40

Ja Shanghai:-

MARKET

Chosen Corporation

4/-

(German Issue)

13

100

17,35

On demand

480

Quiet

N.K Hotels

500

3.70 On Singapore:-

STERLING

Lung Teing & U Hai

Rly. 5%, 1913

Mercantile Bank of In-

dis, $5, "

111

Price,

500

3.75

On demand

02 3/1

500

3.80 Du Japan:-

There were sellers at 1/3 up to

S'hai-N'king Rly. 5%.....

17

35

13

-Pekin Byndicate

1/-

S'hai Elec, Constr. Co.

-15/-

300 3.75

102 1/4

even in

buloh."

Steamboats

"This small matter which I have

200

9.500 India:----

Cash.

October, buyers at 1/3.1/32 for Tientsin-Pukow Rly, 5%

(Brit, Stpd.)

121

200

10.00

18,897

U. S. DOLLARS Selling rate to Merchants 1/16.

Tientsin-Pukow Rly. 5%

(German Stpd.) 25-Tientsin-Pukow Rly, 5%

121

On Faris:-

(Brit. Stpd. Supl. Loari)121 Tientsin-Pukow Rly 5%

(Ger. Stpd. Supl. Loari) Jap, 8% Ster: Joan, 1924 271-20 Ger. 7% Intl, Loan, 1924 5# Chartered Bank

S'hat Waterworks "A" Union Insurance Gula Kalumpong Rubber 16 Lon, Mid. & Scot., Rly, 169 Great Western Blg...... 42 - National Bank of India 314+ B.-A, Tob. (bearer)

15

22

88/101.

124

Dunlop Rubber.

35/3

Bristol Aeroplane

10/9

9;

Imperial Chemical Ind. 31/7) United Steel......

23/77

Maramona Inv. (H.K.)

Isl.......

S.A. Chemicals (FFK)!

+Sale to Shanghai

LONDON METALS

EXCHANGE

London, Sept. 1.:(Reuter).

Tin, Standard,

buyers £258-3/4, sellers

£257-1/4

-Tin, Standard, 3 Montha, Middle Price, buyers £259-1/4 sellera

259-1/2,

Price, buyers £259-1/4, sellers

Demand is desultory, most bids failing to attract sellers. Smelters remained very reserved but some dealers made small sales as gilyhi concessions. After hours: 15 tons "Cash" at £258-3/4 paid.

Sub-Nigel

Cash,

Madle

145/-

HK. & Shal Banking

Corp. (Lda. Reg.)

Woolworths

18/

80

Marsman Investments

On Balgon:-

On demand

On demand

K. & S'hal Banking

108

49 7/6

148

Bank Buying Hate

Now. 23 1/2

Quiet

Western Holdings

17/3

Shell Trans & Trad.

(bearer)

bid

51/201

i ex dir.

put at some length before the

House is a symptom showing that The total value is $153,620.40.

.

New Ruling Regarding Priorities In Defence Production To Be Announced

"The Office of Government Reports" issued a statement in Wash- ington regarding priorities as follows: "President Roosevelt said that be is preparing the announcement of an agreement between the Office of Production Management and the Office of Price Administration and Civilian Supply which form the new controlling base for handling priorities in defence production

On demand

Telegraphic

and demand

* New York:-

Transfer.2 5/8

Bank Bills, on demand 24 15/16 Credits, 80 days' sight 25 6/8

On Batavia:-

On demand.............. 46 3/4

Bank Bills, on demand Nom. Credits 4 months' sight Nom.

On Manila:—

On Bangkok:~~

On demanа

On Sterling Notes:-

Bar Bliver per ok.

Shanghai Exchange

The President said that the may have to utilize unemployment. problem of priorities raises these insurance to bridge the gap in c major questions, first, the domes-personal economy of workers sʊ cle use of materials, second, the affected." (Central News! Bouth American use of similar

materials as guided by the new

Economic Detchse Board, third, PETROL SHORTAGE

priorities for materials for Chin-

IN AFGHANISTAN

(Reuter)

ese, war efforts, and fourth, put-

QUETTA, Sept. 2 ting people to work whose. In- mediate employment will be dis- According to advices from Kanda- continued by shifts from normal har there is an acute shortage of production to wartime production, i pétroj in Afghanistan resulting The last point, the President in, the use of cutnels and other says, is perhaps the those compli-animals for the transport of ma- eated because the question arises terial, the prices of which are of transferring such workers to soaring up. somewhere as other defence Inc- In Kandahar the sale of Друш tories or finding some means fortrol is restricted to halt gallon tlivir support until old fantories per vehicle affecting the fresh can be converted to defence pro-trult trade from Kandahar to duetion which may be a matter of Chaman on the wooks. He said the Government border."

Shanghai, Sept. 2 (Reuter).

Ometal T.T. Eaton

London

New York

Japan.

India Paris Hongkong

sterling

Spot

Opening

0/3-5/32 5-5/16 unquoted 17-1/2

inquoted 21.

Bellers

0/2-27/32 0/2-27/32

Opening Closing 70/2-7/8 Bapt.....0/2-7/8

U.S. Dollary

Spot $4-27/33 Indo-Arahan Bept. 4-37/32;

Market:-quiet,

34-20:32 4-25 32

SHANGHAI DOLLLARS Business was reported at 511. Sellers at 511, probable buyers at

613.

SHANGHAI MARKET

Open market. Opened. with sellers of Sterling at 2.7/5 and closed easier at 2.27/32 for Spot. U.S. Dollars opened with

sellers

nc 4.27/32. Last rate received re-

ported the market as being easter

at 4.25/32 for Spot.

AFTERNOON MARKET

STERLING

INDO-CHINA

STEAM NAVIGATION COMPANY LTD.

There were sellers at 1/3 up to Operating Services for Cargo and Passengers

October, buyers at 1/5.1/32 for Cash.

U. 8. DOLLARS Selling rate to Merchants 25.-. 1/16

SHANGHAI DOLLARS.· Business reported at 516. and 617,

SHANGHAI MARKET

Upen market sellers of Sterling at 2.55/64 and US Dollars at 4.26/32 for Spot,

A plan for the expansion of 11; dug-outs here and Installation or more ventilators therein has been put into effect. The work entails a cost of about $300,000,

TO-C

SWATOW, SHANGHAL, TSINGTAU, CHEFOO

and TIENTSIN

KOBE and OBAKA

SINGAPORE, PENANG and... CALCUTTA

SANDAKAN.

BAIPHONG

All steamers berth alongside the Roosevelt Torminal in... the French Concession ot Bheaghat, where passengers · and cargo are landad

For further particulars

please apply to

JARDINE MATHESONG

TELEENONTZOBILGENERALMANAGERS