1938-01-12 — Page 27

THE HONGKONG TELEGRAPH. WEDNESDAY, JANUARY 12,16 1938.

Chiang Expected To Lead Fresh Offensive

JOINING TROOPS

ON LUNGHAI RAILWAY FRONT

Chinese Make Gains In

Northern Zone

Hankow, Jan. 12.

Generalissimo Chiang Kai-shek left yesterday for the Lunghai railway front.

His departure has evoked keen speculation as to whether the reported decision by the Chinese Command, to assume an offensive on all fronts will be executed.~ Reuter.

Chinese Push On From Chowhsien

Hsuchow, Jan. 12.

Following up their recent gains, Chinese troops along the northern section of the Tientsin-Pukow line passed Chowhsien yesterday at noon and are rapidly approaching Yenchow.

Advance Chinese columns, it is reported, have reached the southern bank of the Shihsui River to the south of Yenchow.- Central News.

Chinese Withdraw Tsining Capture Reported

From Tsining

Isuchow, Jan. 12. Military advices received here early this morning state that Tsining, which has been the scene of bitter hostilities during the last few days, was taken by the Japanese troops Just night after the withdrawal of the Chinese forces.

Shanghat, Jan. 12. Japanese reports state that Tain- ing was captured by assault on Mon- day. No detalls of the engagement have been received.--Reuter.

Heir To

Dutch Throne Expected

It was reported that on the pre- vious day the Chinese defenders in- ficted a serious defeat on the Japan- ese troops attacking the city from two directions Yenchow and Ningyang HAPPY EVENT SOON slaying no fewer than 2,000 of the enemy in action.

Amsterdam, Jan. 11. Princess Juliana's doctor states that the Princess is expecting a baby be- tween one or two weeks' time. Princess is in excellent health.

The

GOVERNOR INSPECTS H.K.N.V.F.

World Peace

Appeal To Herr Hitler

FUEHRER SAYS HE IS WORKING TO THAT END

Berlin, Jan, 11. The New Year reception to the Diplomatic Corps was featured by an address by the Papal envoy, Cesare Oresnigo, to Herr Adolf Hitler, in which he said:

However, during the engagement Chinese defence works in and around the city were badly darnaged as a re-

"It is clearer every day that there sult of fierce Japanese bombardment.

A salute of 101 guns will inform is no human happiness without peace. Having exacted u heavy toll of lives

the cager population whether the and even above the growing din of from the Japanese the Chinese mill-baby is a prince and a solute of 51 armaments, mankind unceasingly tary command ordered the Chinese

for peace. troops to withdraw from the city us if the child is a girl. In the and in confidence, calls Yesterday when the Japanese kaunch-event of twins the salute will be 202 May the Almighty grant that ed another terce offensive-Central for two boys, 162 for a luy and a girl News.

the materialisation of

Chinese Bomb

Armoured Train

Shoughal. Jan. 12.

and 102 for two girls.-Reuter.

NEW AMBASSADOR TO BAGHDAD

heads of States contribute in a great measure to world peace."

To this, err Hitler replied: "Peace is niso my uim and my Government's effort-We-are-ready. honourably

confidently to co-

London, Jan, 11. Mr. M. D. Peterson,

and former

The vernacular papers report thit Chinese planes on Tuesday ralded Tsauking and blew up two Japanese Counsellor at the Foreign Office has operate with all nations and states to armoured trains at Chuancheng in been appointed Ambassador to

bornbed Hang-Baghdad in succession to Mr. H. J. give practical effect to this enden-

vour."United Press. | Seymour.-Reuter Bulletin,

Anhwel, and also chow-United Press.

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Visit the Capilano Estates on your next trip

His Excellency the Governor, Sir Geoffrey Northcote, yes- terday inspected officers and ratings of the Hongkong Naval Volunteer Force aboard H.M.S. Cornflower. Here His Excel- lency is meeting cadets of the force, companied by his Aides and Communder J. Petric.

CUSTOMS

CHINA'S RECEIPTS DWINDLE

Foreign Powers Are Chief Sufferers

Hankow, Jan. 12.

Dr. Franklin Ho, graduate of Yale, and disciple of Mr. Irving Fisher, famous American political economist, who at present is earmarked for the post of Vice-Minister of Economics, in a press interview yesterday, stated that China's revenue from exports, in the shape of Customs receipts had practically dwindled to nil.

The chief sufferers from this situation, he said, were the foreign Powers in China, which may be forced to suspend all loan services.

SHARE PRICES

The following is the list of local share quotations Issued this morning. Banks

H. K. Danks, $1,480 b.

H. K. Bank, (Lon. Reg.), £92 b. Chartered Bank, £124 n. Mercantile Bank, A. and B. £20 n. Mercantile Bank, C., £14 n. East Asia Bank, $02 n.

Insurances

Canton Ing., $270 n.

Union In., $310 n. China Underwriters, $1.50 n. II.K. Fire In., $235 n.

Shipping

Douglas, $52 b. H.K. Steamboats, $0 n. Indo-Chinas (Prof.), $51 Indo-Chinas (Del.); $43 'p. Shell Bearer, 100/- n. Union Walerboats, $0.30 n.

Docks etc.

11.K. & W. Wharves, $114 b. II.K. & W. Docks, $27% b. and sa. Providents (old), $2.03 b. Providents (new), 20 cts. b. New Engineerings, Sh Shanghal Docks, Sh.- Kailan Mining Adm., 16/6 n. Raubs, $8.10 n.

Venz: Goldfield, $5 n. Hongkong Mines 10 cts. sa.

Philippine Mining

Antamok, P. 49 n.

Atoks, P. 20% n.

n.

Bagule Gold, P. 18 Benguet Consol., P. 9.70 ñ. Benguet Explor., P. - Big Wedge, P.-

P. 40 n.

Coco Grove

dated Mines, P. 011 Consolidated Demonstrations, P. .34 n.

E. Mindanao, P.

Gumaus G'netda, P. ➡

Ipo Gold, P.--

IX. L., P. 59 n.

Itagons, P.

Masbate Consols., P, — Min. Resources, P. --- Northern Min., P. —

Paracale Gumaus, P. .17 n. Salacat Mining, P. - San Mauricio, P. 40% n. Suyor Consol.. P. 10 n. United Parneales, P. 45 n.

}

Lands, Hotels, etc.

II. and B. Totals, $8,20 b...

-II. K_Lands, #31 b.

aj

ILIC. Lands, 4% Doben, $100 n. B'hai Landa, Sh. **

Dr. Franklin Ho described the Chinese Government's efforts to ad- just agricultural prices with the creation of a Chinese A.A.A., which is buying up the crops for cash fixed prices. The Government had also purchased supplies In areas where the food shortage was chronic and had mude attempts to move in- dustrini plants from the war areas to the interior.

H

Regarding the, economle effect of the war, Dr. Ho stated that Chino's national income had fallen one sixth. Concerning Chinese casualties and Japanese casualties respectively, he estimated the former to be between 300,000 and 400,000 and the latter to be 100,000United Press.

Metropolitan Lands, Sh. Humphries, $0.60 b. 1.K. Reattles, $44 m. Chinese Estates, $86 n. China Realties, Sh. - China Debent, --

Public Utilities

HK. Tramways, $13.80 b. Peak Trams (old), $71⁄2 5. Penic Truma (new). $3 8. Star Ferries, $79% b. Youmati Ferries (old), $24 China Light (old), $10 b, and no. China Light (new), $71⁄4 n.

n.

H. K. Electric, $523; b. and sa, Maeno Electric, $104 n.

Lights, $1414 8.

Islan) $25.05 b.

Telephone (new), $8.35 b. China Busch,

Sh

Singapore Tractions, 23/0 n. Singapore Pret., 23/- n.

Industriais Cald: Mack. (old), Sh. - Cald: Macg. (Pref,), Sh.~~ Canion fees, $1.70 s.. Cement, $12.70 D. 11.K. Ropes, $3.75 b.

Stores, &c. Dalry Farm, $23 n. Watsons $4.70 1.

Lane Crawfords, $8.00 n. Sinceres, $1.75'n.

Wing On (I.K.), 340 n. Wm. Powells, 75 cls. n. Colton Mlm -

Ewo Coltona, Sh. $11 n. S'hai Cottons (old), Sh. $60 n. Zoong Sings, Sh.

Wing On Textiles, Sh. Miscellaneou

II.K. Entertainments, $51⁄2 n. Constructions, $1% b.

Vibro Piling, 40 n.

Ch. Govt. 6% 1916 Q$Bde. 74% b. H.K. Govt. 4% Loan 5% prm, n.

HK. Govt. 3% Loan 11⁄2% prm.

b.

..

Wallace: Harpers, 98% b.

Herman In, Linh chi 20. Phim Marsmane Inv, (H.H.), #/- 3/8 m.

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