1938-04-06 — Page 15

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BLUM PLEADING FOR WIDE FISCAL POWER TO PRESERVE NATION

Strong Opposition to Levies On Capital Encountered; Defeat Not Unlikely

Paris, Apr. 5.

A great nation cannot live like a shopkeeper, tossing and turning in his bed at night, wondering how to meet his bills, said M. Leon Blum, French Prime Minister, in a two-hour speech in the Chamber of Deputies in the course of a stormy debate on the new Finance Bill, under which M. Blum plans to raise an additional £61,000,000 a year for re-armament.

M. Blum added that £500,000,000 of frightened money was either hidden at home or sent abroad. "We cannot borrow abroad; we cannot, renew our foreign Toans; we wish to avoid war; we must live; we must pay; we must endure. Normal sources are insufficient; we must borrow and also take other measures to gather money."

It is expected that a division will not be reached until 3 o'clock 10-

MUTTUW INorning.-Reuter,

Strong Opposition

Paris, Apr. 5.

The Deputies adjourned until to-night.

M. Leon Blum urged the abandon- ment of "pale Liberalism", and denied that he made the Finance Bil1 deliberately drastic in order to cause the downfall of the Government.

However, many believe that the Chamber will defeat the measure, resulting in the Cabinet's resignation.

Deputies attacked foreign exchange control as a disguised form of Government control. They also at tacked the capital levy 05 being confisentory,, and called

re valorization of the threat to National .defence.

for 11

China's Iron For Japan Industries

New Concern Soon To Start Shipping

Tokyo, Apr. 6.

A new Japanese concern will soon be established to ship Central China's iron and ore to the hungry industries of Japan proper, according Japanese report

to a

The firm will be organised jointly Earlier in the debate, M. Marx by the vast semi-official Japan Iron Dormoy, and the Rightist, M. Paul Manufacturing Company, and other Creyssel, exchanged violent insults, fron producers, but it will be con- and nearly came to a fight with fats,trolled by the projected Central China which forced M. Edouard Herriot, Development Company. President of the Chamber, to adjourn the cession.-United Press.

MEXICO WON'T SEIZE MINES

New York, April 5. The chairman of the American Smelting and Refining Corporation, Mr. F. H. Brownell, said to-day that Mexican officials had assured them they do not intend to expropriate foreign mining Interests.

On the contrary, Mexico was desir- pas of the foreign companies continu- ing to operate.

No effort, it is pointed out, will be made to manufacture steel in Central China.

A similar concern is projected for North China, which will, on the con- trary, engage in the production of steel from the ore obtained in Shans! and Chahar.-Reuter Special,

Five Killed In R.A.F. Crash

London, Apr. 5. Five persons were killed yesterday when a bombing plane of the Royal

Ir. Drownell drew attention to the Air Force crashed at Tisthorpe, nese fact that world silver policies hadDrifeid. an isolated spot of form been marked by much unsettlement, land, after a night fight.-Reuter

Special.

-United Press,

THE HONGKONG TELEGRAPH. WEDNESDAY, APRIL

SINKIANG UPRISING REPORTED

Japanese Sources Claim Holy War

In Progress

Tokyo, Apr. 6. According to Domet's correspon- dent at Sulyuan, messages from Kashgar report that the Moham- medans in western Sinklang have proclaimed a holy war against Soviet

assisted by the Sinkiang native

CHINESE RISING IN NORTH

Guerillas Strike

At Chefoo

Cities

Flying

Old Flags

Shanghai, Apr. 6. Chefoo, which has been in

Influence, and at present the Meham-Japanese hands for many. medan leader, Mo Chung-ylig months, was the scene of a milliarist, Orato Bashi, is leading miniature battle yesterday, it is 8,600 troops, most of whom are learned from an unimpeachable mounted, towards the eily of Asku, source. sweeping everything before them.

they have expelled Chinese Already officials from many posts in the area

However, reports on the uprising are meagrenlied Press.

SHARE PRICES

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

H.K. Banks, $1,520 n.

H.K. Banks, (Lon, Reg.), £87 n.· Chartered Banks, £11% n. Mercantile Bank, A

A. and B. £28 n. Mercantile Bank, C., £14 n. East Asia Bank, $83 b.

Insurances

Canton Ins., $275 n. Union Ins., $530 and ga China Underwriters, $2 b. H.K. Fire In., $233 11.

Shipping

Douglas, $00 b. ex. d. H.K. Steamboats, $174 b. Indo-Chines (Prul), $51 n. nos (Def.), $24 n. Indo-Chinas Shell Bearer, 39/412 n. Union Waterboats, $94 n.

Docks etc. Wharves, $138 n.

H.K. & W. ILK. W. Docks, (see below). Providents (old), $3.50/52 Providens (new), $3.32% b. New Engineerings, Sh. $3.00 n. Shanghal Docks, Sh. $08 D. Kailan Mining Adm., 14/- n. Raubs, $8.10 b.

sa.

Venz: Goldfield, $4 m. Hongkong Mines, 10cts, su,

Philippine Mining Antamoks, P. 49 sa, Atoks, P. 231⁄2 sa, Bagulo Gold, P. 10 Banquet Consol., Benguet Explor. — Big Wedge, P. m Coco Groves, P. 41 su. Consolidated Mines, P. 011 so.

P. 0.30 s.

Demtions P. 33 sa.

F.

G'fields, P.

Cumaus Ipe Gold, P

IX.L., P. 83 sa. Itogons, P. Masbate Min Brams, P.

P.-

Northern Min., P. Paracale Gumaus, P. J8 sa. Salocot Mining, P. ---- San Mauricio, P. 41 sn. Sayoc Consol., P. 15% N. United Paracales, P. .41 0.

Lands Hotels, etc.

H. and S. Hotels, $6,80 b. H.K. Lands, $351⁄4 b. and sa H.K. Lands, 4% Deben $100 b. S'hal Lands, Sh, 584 n. Metropolitan Lands, Sh. — Humphries, $94 n. H.K. Realties, $3.20 sn. Chinese Estate, $100 b. China Realties, Sh. China Debent, -

Publia titles H.K. Tramways, $15 b.

.

Chinese guerilla troops apparently trickled Into the outskirts of the town during the night, and at dawn opened fire on the Japanese. Succeeding t calling out a moderately sized Japan- ese force, the guerillas rotreated out- jside of the town, with the Japanese following straight into a neatly laid ambush.

At least two truck-loads of dead bodies were seen to return to the city.

The sound of fighting continued Juntil nightfall, when the Chinese escaped to the hills, apparently un- detected.

Travellers returning to Chetou from " tour of Shantung, said it further le. rned that, following the calling- fup of virtually all Japanese garrisons In the province for an attack on the Tlentslu-Pukow railway, the Chinese

| nationalist dag is now Dying in three quarters of the larger cities through- at the north-east of the province.→→ Reuter.

Peak Trams (old), $7 b. Peak Trums (new), 43% n. Stor Ferries, $854 b.

Yaumati Ferries (old), $27% s. China Light (old), $12 s. China Light (new), $0.10 n. HK. Electric, $384 b. Macao Electric, $18 n. Sandakan Lights, $14% n. Telephone (old), $26.80 n. Telephone (new), $10.10 b. China Buses, Sh.

Singapore Tractions, 24/6 n. Singapore Pref., 23/0 n.

Industrials

R

Cald: Macg. (old), Sh. $14% n.

Cold: Macg. (Pref.), Sh. $124 n. Canton Ices, $1.70 .

Cement, $17.70 b.

H.K. Rope, $4.65 n. Biores. &c.

Dairy Farm,. $241⁄2 b. and su. Watsons, $0.80 n.

Lane Crawfords, $91⁄4 n. Sinceres, $2.20 n

Wing On (H.K.), $48. L. William Powell, Lidi. 70 eta. b.

Cotton Mills

Ewo Cotton, Sh. $14.05 su. S'hai Cotton (old), Sh. $73 n. Zoong Singą, Sh. — Wing On Textiles, Sh.-

Discellaneous

H.K. Entertainments, $6.30 . Constructions, $1 b,

Vibro Piling. 45% n

Ch. Govt. 5% 1925 GSBds., 71% n. H.K. Govt. 4% Loan 0% prm. n. H.K. Govt. 34% Loan 2% prm.

Wallace Harpers, $13, n. Marmans Ins., (Lon.), s/- 10/- . Marsmans Ins. (H.K..) 5/- 3/10 b. H.K. & W. Docks, $21.70 sa. X. Rts. H.K. & W. Locks (enw), $21 n. H.K. & W. Docks Rts. $11 sn.

1988.

THREE SPECIAL

AT THE

OFFERS

Hongkong & Shanghai Lace Company

FIRST FLOOR, 50, QUEEN'S ROAD.

ON THE OTHER SIDE JUST BEYOND QUEEN'S THEATRE ABOVE TAK CHEONG TAILOR

REALLY SUPERB

SUPERB LINGERIE

IN MATCHED SETS

OR SINGLE GARMENTS

DELIGHTFUL, TABLE LINEN

THE DAINTIEST HANDKERCHIEFS IN THE FAR EAST FROM TEN CENTS FOR FOUR PIECES UP TO TWO DOLLARS EACH.

MAKE

A special note of

the address

-IT WILL PAY

YOU?

Hong Kong Lawyer's reputation endangered by NIGHT STARVATION/

TOMORROW THE CASE -

WILL BE HEARD IN COURT AND I CAN'T GET

THE FACTS RIGHT.

I'M SO TIRED, MY BRAIN WON'T WORK.

IN COURT

YOU ARE WASTING OUR TINE MR. SIMPSON IT IS QUITE OBVIOUS YOU HAVEN'T PREPARED THE CASE.

(THINKS)

WHAT A HUMILIATION.

I MUST WIN MY

· REPUTATION BACK, İLL SEE A DOCTOR ABOUT

MY HEALTH

THE DOCTORS |

I GET

PLENTY

OF SLEEP

DOCTOR

BUT NOT THE RIGHT KIND, MR. SIMPSON, YOUR TROUBLE IS NIGHT STARVATION. THIS MEANS YOU ARE NOT REPLACING USED-UP ENERGY DURING SLEEP

I ADVISE YOU TO TAKE HORLICKS EVERY NIGHT BEFORE RETIRING YOU WILL SOON REGAIN

YOUR VITALITY

INSIST

ON

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WILL BE IN ALL

THE PAPERS.

HORLICKS 15 THE SECRET OF MY SUCCESS!

Horlicks is best made in the special Horlicks mix- er. Obtainable at all good stores-80 cts, large size and 40 cts. small size,

If you wake tired, if you suffer TAKE HORLICKS

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