1938-03-03 — Page 15

THE HONGKONG TELEGRAPH. THURSDAY, MARCH

1938.

China's Red Raiders Worry Invading Army Bright Spring Wear

Tax Revision Bill Should Help Business

Washington, March 2.

The Ways and Means Committee of the House of Representatives to- day reported that the Tax Revision Bill was predicted to bring about a

very!

stimulation of busi- substantial ness," although the Republicans had the Administration of at- accused tempting to purge business opponents by taxing closely-heid corporations. The Bill provided that corporations organised under the China Trade Act,. would be taxed under section 14D relative to special corporation taxes, at 10 per cent., instead of under the 1930 Act rate of 15 per cent.-United Pren.

SABOTAGE IN

AIR FORCE

London, March 2. The Under Secretary of State for Air told the House of Commons to day that there had been one case of zabotage in the Royal Air Force dur- ing the last three months. This occurred on February 14, when the petrol tanks of two planes, walch were ready for test flights, were plerced by sharp Instruments.--- Reuter Bulletin.

GENERAL PERSHING MAY RECOVER

Tucson, Arizona, March 2. General Pershing, who has been dangerously ill for the past few days, spent a fairly restful night, and the doctors now slate that the immediate danger uppears to have passed, und there is a chance that he will recover, -Reuter Bulletin

ROOSEVELT PASSES DEFICIENCY BILL

Washington, March 2. President F. D. Roosevelt to-day signed the U.S.$250,000,000 Deficiency Relief Bill which had been passed by Congress-United Press.

MORE

FOR

YOUR

MONEY

SHARE PRICES

The following is the list of local share quotations issued this morning: Banks

H.IC. Banks, $1,880 b.

KK Banks, (Lon. Reg), 205%1⁄2 m.: Chartered Banks, £12% n. Mercantile Bank, A. and B. £29 a. Mercantile Bank, C.. £14 n. East Aala Bank, $05 n.

Insurances

Canton Ins, $27214 b. Union Ins., $6471⁄2 b.

China Underwriters, $1.00 b. H.K. Fire In., $247%1⁄2 b.

Shipping

n.

Dougina, $691⁄2 50. H.K. Steamboats, $111 Indo-Chinas (Próf.), $51 n. Indo-Chinas (Def.), $43 n. Shell Bearer, 91/3 n.

Union Waterboats, $9.30 b.

Docks oto,

HONOURS FOR STATESMAN

Chungking, Mar. 3,1

has The National Government ordered a publle funeral for the late Mr. Hsiung Hal-ling, former Premler of Ching in the early years of the Republic, and П well-known philanthropist, who died in Hong- kong on Christmas Day last year.

"After the outbreak of the presenti hostilities," slates the Government mandale, "he established hospitals in Shanghai for the care of wounded soldiers, and cumps for the relict of war refugees. The results of his cforts were known to the entire world.

"This mandate of commendation is i hereby specially issued in recogni- tion of his meritorious services.

"The Examination Yuan is hereby H.K. & K. Wharvez $133 b. and sa. ordered to instruct the Ministry of Official Personnel Banking, to grant due compensation to the family of the deceased."-Renter Special.

H.K. W. Docks, $334 b. Providents (old), $3.05 b. Providents (new), $1.05 b. New Engineerings, Sh. $3 n. Shanghal Docks, Sh. 5084 n. Kailan Mining Adm., 15/0 n. Raubs, $7 11.

Venz Goldfield, 34 n. Hongkong Mines 10 cts. n.

Philippine Mining Aniamoks, P. 60 ɛ. Atoks, P. 20 sa.

Baguio Gold, P. .25 sa. Benguet Consol., P. 0.70 sa. Benguet Explor..

Big Wedge, P.-

Coco Groves, P. 60 sa. Consolidated Mines, P. 011 sa. Demonstrations, P. 30% su E. Mindanno, P.-

Gumaus G'fields, P. --- Ipe Gold, P.-

1.X.L., P. 39 sa.

Itagens, P

Masbate Consols.,

P.

Min. Resources, P.--- Northern Min., P.-

Paracale Gumaus, P. 245 cu. Sulacot Mining, P. — Son Mauricio P. 63 nsa. Suyos Consol, P. 22 st. United Paracales. P. 40% sa.

Lands, Hotels, etc.

H. and S. Hotels, $74 b. H.K. Lands, $335 b.

H.K. Lands, 4% Deben, $100 n. S'hai Lands, Sh. $7 n. Metropolitan Lands, Sh. - Humphries, $84

H.K. Realties, $0 n. Chinese Estates, $87 China Reallics, Sh. China Debent,-

Public Utilities II.K. Tramways. $15.40 b. Peak Trams (old), $64 b. Peak Trams (new), $3% 5. Star Ferries, $83 b. Youmati Ferries (old), $25 b.

and sa.

China Light (old), $12.20 b. China Light (new), $9.10 b. H.K. Electric, $81 b.

Macao Electric, $10 b. Sandakon Lights, $14% n. Telephone (old), $274 b. Telephone (new), $19.20 b. and China Buses, Sh.-

Singapore Tractions, 25/-`n. Singapore Pref., 23/6 n.

Industrials

Cald: Macg. (old), Sh. $14. Cald: Maeg. (Pret.), Sh. $15 n. Canton Ices. $1.70 n. Cement.. $15. b. H.K. Ropes, $5 b.

Stores, &c.

Dairy Farm, $26.30 n. Watsons, $0.45 /50 BR. Lane Crawfords, $9 n. Sinceres, $1.90 n.

Wing On (..). $30 n. William Powell, Lid. 63 cts. n.

Cotton Mills

Ewo Cottons, Sh. $12.10 n. Shal Cotton (old), Sh. $70 n. Zoong Sings, Sh. —

Wing On Textiles, Sh. -

Miscellaneous

H.K. Entertainments, $7 b Constructions, $1 b. Vibro Piling. $5% n.

CARRYING Search For

OFF

Missing Pilot

CAPTIVES Is Extended

Including Gorman From Poiping Aroa

search

Manlia, Mar. 3.

· Il la now planned to Tayabas Bay in an effort to trace the missing Philippines Aerial Taxi Company's aeroplane, which, with a $30,000 payroll, which has been missing for some days.

Frequent Blows pilot Burton Hall and

At Railway

Peiping, Mar. 3.

The postmaster at Sariya, Tayabas, reported that villagers on Monday

The daring of Chinese Com-sighted a plane off the shore. One of the engines was bursting and they munist guerilla, troops Was guessed the machine landed in the demonstrated by the remarkable ses. kidnapping which a band of them carried out under the noses of the plane was equipped with

An official of the company said that a strong Japaneso garrison re-emergency raft--United, Press. cently. The victims of the kidnapping, which occurred at a small Chinese coal mine in thei hills 20 miles from Peiping, were

n

RUSSIA ACCEPTS

young German geological FORMULA FOR

student named Hildebrandt, and

six Chinese who were accom- SPAIN WITHDRAWAL

so. | panying him, who had been given:

Ch. Govt. 5% 1925 G$Bds., 674%

n.

HK. Govt. 4% Loan 34% prm. n. HK. Govt. 3% Luan par n. Wallace Harpers, $6. Maramans Inv., (Lon.), 5/- 18/9 n. Marsmans Inv. (H.K.), s/- 4/9 s.

IF YOU BELIEVE IN GETTING THE LAST DROP OF VALUE FROM EVERY DOLLAR YOU MUST SHOP AT-

CHINA EMPORIUM

DURING THEIR SENSATIONAL

STOCKTAKING SALE

SAVINGS YOU CANNOT POSSIBLY AFFORD TO MISSI

CALL AND

SEE THE WONDERFUL BARGAINS!

permission by the Japanese authorities to visit the region.

London, March 2.

Russia has accepted in principle

aro

They were captured by 250 guerilla the formula for the withdrawal of troops armed with rifles and machine- | volunteers from Spain. guns, who were in turn attacked by Japanese-employed Chinese police, who unsuccessfully tried to effect the release of the captives. The German and his Chinese assistants were taken into the hills,

The activities of the guerilla forces continue to cause the Japanese serious concern all along the Pelping- Hankow railway, where traffic is frequently interrupted.

This means that Britain, Germany, France, Italy, and the Soviet united on the formula, which speelfies the time when limited belligerent rights shall be granted to the Spanish antagonists in relation to the with drawal of foreigners, Reuter Bulletin.

EXCHANGE Selling

A Japanese supply train was! derailed south of Shanchlachwan on; Monday, several Japanese troops T.T. London being killed and many injured.

The

track is damaged almost; nightly, so the Japanese have prac- tically ceased to use the railway to

As transport troops inland:

on example, petrol supplies for Talyun are now being sent from Peiping by road via Kalgan and Talung- Reuter.

Report Retreat Commenced

Shanghai, Mar. 3.

that the

Japanese reports state Elghih Route Army, comprising the Communist forces of China, has be- gun a retreat into Shensi to defend

Demand

T.T. Shanghal

T.T. Singapore

T.T. Japan

T.T. India

U.S.A. T.T. TT. T.T. Manila T.T. Batavin

Bangkok Saigon

T TT. France

52

for Little Folk

Light weight TWEED COATS

THE TOTS WILL LOVE THEM, ATTRACTIVE STYLES & COLOURS For Ages 1-5 from $7.95.cach

COAT & HAT SETS Smart and neat combination sets in bright colours from $12.50 set BREECHETTE SETS

•Ever popular with youngsters. In white, sky, beige and pink. from $10.95 set FROCK & KNickers setS In most attractive colours. from $6.75 set

NEW CHUBBY SOCKS

In Ivory, Sky, Pink, Lemon and White,

from $1.00 pair INFANTS' KID SHOES

.15. 27% 15. 23% .104%

.10014

31%

62

5536

1493/2

.0432

In Sky, Pink or Ivory.

,0.50

.70%

133%

.1/03

Buying

1/3%

.1/3.5/32

..31%

T.T. Germany T.T. Switzerland TT. Austraila

do.

its home province, following the 4 m/s / London Japanese occupation of Chungtu, on 4 m/s D/P the western Shanst border thus cut-14 m/s L/C. U.S.A. ting off the main line of the Eighth 4 m/s France Route Army's supples.

30 d/s Indian

.10.10 .0342

from $1.50 pair

Children's Dept.

Whiteaway, Laidlaw & Co., Ltd.

HONGKONG-CHUNGKING TIME TABLE

Direct Service (Via Hankow until further.notice.) NORTH BOUND (Read Down) SOUTH BOUND (Read Up)

.5.01%

It is stated that melting lee in the US. Cross rate in London Yellow River plus the bombing by Japanese planes of most of the fords, are hampering the Chinese with- and other points recently.-Central drawal.

It is estimated_that_the_Chinese casualties in Shansi during the past week approach 50,000, including 10,000 slain.

Chinese reports admit the Shansi position is critical-United Press. Chinese Strike For Yuhang

News.

Situation North Of Yangtze Quiet

Hsuchow, Mar. 3, The

situation at Nantungchow, Yukao, Tahsing, Tathslen, and other points on the north bank of the Yangtze River in Klangeu is reportedl to be quiet. At Tsingkiang, opposite to Klangyin, there are some 300 Japanese troops.

Línan, Cheklang, Mar. 3. A renewed uttempt is being made by the Chinese forces operating on After the fall of Yangchung, some the Hangchow front to recover Yu- 500 women were captured and inken hang, 15 kilometres west of the lake-away by the Japanese troops, it is side city.

said. Central. News.

Two Chinese columns are driving vigorously toward the city from the west and the north. The one from the west will attempt to make a frontal attack on the city, whilst that from the north aims at

Japanese Planes Aro Active

Shanghai, Mar. 3.,

Tues.

STATION

Fri.

((DC-2) 8.00 14.00

LỴ HONGKONG Ar CIIUNGKING

Ar Lv

Mon.

Thurs.

(DC-2)

14.00

8,00

HANKOW-CHENGTU TIME TABLE

Fri.

(DC-2) 11.15

WEST BOUND (Read Down)

EAST BOUND (Road Up)

Mon, Wed.Sun. Tuc,

Frl.

(DC-2)

11.45

Thu Bình

STATION

Sun. Tue. Mon, Wed

Thu. Sat.

(Loening)

STATION

(Loening)

8.00

LY HANKOW Ar

17.10

0.40

LV SHASI

Lv

15.45

10.40

LY ICHANG

Lv

1445

13.00

Lv WANHSIEN LY

12.25

15.00

14.40

Ar CHUNKING LY

10,30

8.00

the

Mon. Wed.

Fri.

Sun. Tuc. Thu, Sat.

Bun. Mon, Wed. Fri.

STATION

Tut. Thư.

(Stinson)

Ent.

(Stinson)

15.10

(Stinson) 15,10

(Stinson)

17.10

17.10

LV CHUNKING Ar Ar CHENGTU

Ly

10,00 8.00

14.30 12.30

For further Information please apply to:

King's Bldg., Connaught Road

A Japanese naval spokesman said flanking movement on Panpangchiao, on Wednesday bombed the Pakowkou this morning that Japanese seaplanes Wukong and Tsungtch. Funpang-

arsenal, and several points on chica has already

recovered Carton-Hankow been after a brief engagement with the Kowloon railways.-United Press.

und the Canton- Japanese troops there on March, 1,

The recovered town was in a de-

Chinese Cross Yellow vastated state. Most of the houses have been burnt down and some 200

River civilians slain-Central News. Guerillas Active In

Mountains

the Yellow River in CHINA NATIONAL AVIATION CORPORATION

Chengchow, March 3. Large numbers of Chinese troops have crossed north Honan to launch a counter- attack on the Felping-Hualow Rail- way front,

Chengchow, March 3, Assisting in the counter-offensive on the left flank of the Pelping proceeding in Shansi, it is said, has The intensity of the fighting now Hankow Rallway and along the cast caused many Japanese troops to shift sector of the Tackou-Chinghua Haii- from north Honan to Shansi. way in north Honan, Chinese guerilia Chinese milliary command therefore units operating in the Talheng Mout thinks it opportune to counter-attack tains have become increasingly active the Japanese remaining In during the last few days.

Honan.

The

north

They frequently descend from the 20 cities have been occupied by the It is pointed out that thought about

on

launch time.

mountains, make a swift atlock Japanese supply lines and Japanese Japanese in north Honan, the Chinese parrison posts and then retire to the regular troops and guerlite units are mountains again.

still maintaining positions in the im- The Japanese troops have suffered mediato vicinity of these clites, considerable losses as result of these Assisted by reinforcements, they can tactics.Central News

counter-offensive at any The recent recapture of Tientsin-Pukow Front Quiet Hwahsien off the cast sector of the

Tackou-Chinghua Railway

and Heuchow, March 3. Changyuan in south Hopel, proved the Whilst a general lult prevails on possibility of foreing n Japanese the northern sector of the Tientsin-evacuation.-Central News, Pukow railway, there have been skir- mishes on the southern sector of the line during the last two days.

Japanese In South Shansi Halted

Small parties of Japanese troops have ventured to cross the Hwnt River at Little Pengpu and clashed

Chengchow, March 3, with the Chinese. But these skir-westward along the Tankou-Chinghun The Japanese column which pushed mishes are in the nature of testing Railway in north Honan and crossed the Chinese strength, rather than of the border to south Shinnal, has been making a renewed offensive on the halted by the Chinese forces west of north bank

Chinchong.

On both sides of the railway south Flerco fighting, meanwhile Is In of the Hwal Iiver, the Japanese progress at Yuanchu on the north troops are concentrating: their efforts | bank of the Yellow. Alver bordering in engaging Chinese guerilla unfle, on south Shail, wherea Japancas Repented clashes have taken place. column is being encecled by Chinese at bunnydo, Heluthieng, Chibho, Liufu forcen-Central, News,

Tel. 33131.

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