1938-08-18 — Page 15

THE HONGKONG TELEGRAPH,

War's Costs Strain

GERMAN PRESS SEES TROUBLE AHEAD FOR BURDENED PEOPLE

Vast Sum Already Spent On Indecisive Campaign

Frankfurt, Aug. 17.

"Japan is now waging the most expensive war in her history," writes the Frankfurter Zeitung to-day, in the course of a special article dealing with the Japanese financial situation.

about

The newspaper recalls that the Sino- Japanese War of 1894-95 cost 200,000,000 yen, the

1904-05 Russo-Japanese

of war 2,000,000,000 yen and in the conflict which broke out in connection with the Manchurian incident (in 1,500,000,000 yen.

1931-32) between

1,400,000,000

and

THURSDAY,

AUGUST

18, 1938.

Japanese Resources

SUDETENS' PATIENCE STRAINED

Kundt Delivers Warning At Conference

Prague, Aug. 17. Negotiations between repre- sentatives of the Sudeten- Germans, Mr. Milan Hodzu, the Premier, and other members of

the Czech Cabinet, opened at 2. p.m. and were still in progress at 6.30 p.m.

The Sudelen altitude is that while

ey do not accept the Government's

minority proposnis, they do not close the door to further negotiations.

It is understood that Dr. Emil Franke, Minister of Finance, Dr. Ivan Derer, Minister of Justice and Father Jan Sramek, leader of the Catholle Party, were not present at the meeting by pre-arrangement, but

their absence is significant in view of opposition in the Cabinet.

the fact that they have no tar led the

The Sudetens declare, firstly, that the Government proposals are in- adequate; secondly, they object to the presence of members of the Parlin- mentary Committee at the meetings

between themselves and the Govern-

ment.

this

afternoon's

Miss Winifred Jones, former pupil of the Public and Thomas Hanbury School for Girls, Shanghai, who successfully passed the Cambridge Senior Examination recently. She is the Mr. Jones youngest daughter of Mr. and Mrs. Arthur Jones.

Since the outbreak of hostilities thirteen months ago, the Japanese Government has been authorised to spend 7,400,000,000 yen on purposes connected with the war and this sum, it is anticipated, will suffice to cover war expenditure State was the Czech National State kong, and he is leaving for furlough on Saturday by the P. & O.

until March, 1939.

So far, Japan has spent about 2,700,000,000 yen on the war; ten times as such as on the 1894-05 war and exceeding by 700,000,000 yen the entire cost of the war with Russin.

"Even taking into consideration the fact that Japan still has 5,000,000,000 intact, yen of its war appropriations between 1931 and 1934 the exchange two- value of the yen decreased by

in Japan thirds, wholesale prices are to-day at least twice as high as before the

the outbreak of war, and Japan has never been confronted by such a huge financial task as is now before her,

"The sum of 7,400,000,000

усть, which the

Is previsionally war estimated to cost, amounts to con- siderably more than one-third of the total national income which, in 1937, was 200,000,000,000 yen, according to the most optimistic ealculations."

adds

Huge Sum Needed The Frankfurter-Zeitung that even if the war budget should not exceed the estimate of 7,400,000,- 000 yen, a balance of 4.709,000,000 yen will have to be raised before next March.

On the outer hand, the capital re- quired for the industrial development of Japan is estimated by the Bank of Japan at 2,000,000,000 yen for the present year alone.

The

newspaper states that, in view of these sums.

is evident that the mere control of prices and of the capital market will not suffice prevent inflation of the yen.

tu

Hence the Japanese Government has had to create a national savings fund, into which it hopes to divert 8,000,000,000 yen from current na- tional revenue within the next twelve months.

"To achieve this alm, 'savings are already being compulsorily deducted from the earnings of every Japanese citizen." the paper asserts.--Trans- Ocean.

New Bond Issue

Tokyo, Aug. 18. The Ministry of Finance has an- nounced that the Government is issuing on August 22 397,000,000 yen of 3.5 per cent. bonds in connection with the China Incident.

The bonds are redeemable within 17 years.

The Postal Savings Bank and the Bank of Japan are underwriting the bonds, part of which will be offered for public subscription through the post offices.-Domei.

Two British

Soldiers Die

In Palestine

Two

were

Jerusalem, Aug. 17., British soldiers killed and two others wounded when an army lorry struck a hidden land mine.

the

The tragedy occurred' on highway between Nablus and Jerusalem which the soldiers were patrolling-Reuter.

SHIPS IN RADIO COMMUNICATION

The following ships are expected

to be in wireless communications with Hongkong Radio Station to-day:

SHARE PRICES

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

Bangalore: Deslock; Kwalaang: Sarpedon;

Sulsong Goviken; Broganza; Ping

President Valahing Doumer;

President Coolidge; Leesang; Fooshing; Amaho; Fauzang; Naldera; Talyuan; Nagara;; Kumsang: Hosang: Alice Moller; Nestor; Terukuni Maru.

IK, Bank, $1,440 b. IK. Dank, (Lon. Reg.), £80 b. Chartered Bank, £12% n. Mercantile Bank, A, and B. £28 n. Mercantile Bank, C., £131⁄21⁄2 n. East Asia Bank, $80 n.

Insurances

Canlon Ins, $230 s. Union ins, $502 b. China Underwriters, $2 n. H.K. Fire Ins., $210.

Shipping

Douglas, $80 n.

H.K. Steamboats, $22% n. Indo-Chinas (Pret.) $00 n. Indo-Chinas (Def.), $24. Shell Bearer, 88/9 m. Union Waterboats, $8.10 b.

Docks Etc.

H.K. & K. Wharves, $129. H.K. Docks, (old), $20.05 b. HI.K. Docks (new), $19 b. and va. Providents (old), $3.00 b. Providents (new), $3.50 b. New Engineering Sh. $3.00 n. Shanghai Docks, St. $120 n. Kailan Mining Adm., 10/3 n. Roubs, $10.10 1. Venz: Goldfield, $3 n. Hongkong Mines, 714 els. n.

Philippine Mining Anlarnok, P. 3814 su. Atoks, P. 33 sa. Baguio Gold, P.

Consol, P. 11.10 sa, uct Explor,, -- Coco Grove, P. 45 su. Big Wedge. P. Conseildated Mines, P. 001 s. Demonstrations, P.

Mindanao, P. Gumaus G'fields, P.

Ipa Gold, P.

L., P.- Rogons, P.- Min. Resources, P. Northern Min. P. Paracale Gunaus, P. Solacol Mining. P. San Mauricio, P. 35 64. Suyoc Consol, P.- United Paracales, P. 32 sa.

Hotels, etc.

H. and S. Hotels, $0.00 b. H.K. Lands, $382 b. H.K. Land, 4% Deben $107 n. Metropolitan Landa, Sh.- S'hai Landa, Sh. $8.40 n. Humphries, $9.35 n.

HK Realties, $54 b. Chinese Estates, $100 n.

Public Utilities I.K. Tramways, $17.10 b. Peak Trams (uld).

$0% b. Peak Trams (new), $34 n. Star Ferrles, $78 n.

Yaumati Ferries (old), $24% n. Yaumati

at Ferries rights, $24 n. Chian Light (old), $11.20 b.

China Light (new), $8 b.

ILK. Electric, $61 b.. Macno Electric, $18 n.

n.

Sandakan Lights, $9 Telephone (old). $20.80 b. Telephone(new)

(new), $9.80 n. China Buses, Sh. Singapore Tractions, 26/3 n. Singapore Pref., 20/3 n.

Industrials

Tt,

Cold: Macg. (old). Sh. $14 n. Cold: Macz. (Pref.), Sh. $13 n. Canton Ices, $1.701 Cements, $174 b. II.K. Ropes, $4.00 b. Dairy Farms,

Sc.

for b.

n.

Watsons, $7.85 b. Lane Crawfords. $8.70 n. Sinceres, $2.20 Wing On (II.K.), 850 n. William Powell, Ltd., 70 ctx. n.

Cotton Mills Ewo Colton, Sh. $20 n. S'hal Cotton (old), Sh. $98 n.

Herr Kundt, at meeting, reviewed the Government proposals some length, and repeat- ed the view expressed in the German memorandum that the Czech Gov- ernment conception was that the

whereas, according to the German conception, il should be 21 State of Nationalities, all with equal rights.

Herr Kundt paid a tribute to the conciliatory spirit shown by the Czechi Premier, Dr. Hodza, buł claimed that the Government's pro- posals did not meet the wishes and claims advanced by Herr Henlein In his Karlsbad speech.

Herr Kundt stressed the import- ance of first reaching an agreement Un the question of principles, after

details

would which, he said, the resolve themselves, although. the far result of negotiations had shown that n big gulf sill existed. Herr Kundt expressed the hope that there would be an attempt to display a little goodwill towards the Sudetens in a public and convincing

time. the manner. At

he that the warned the Government patience of the Sudeten population was not as great as that of their delegation-Reuter,

ARMO

FIXING DATES

is connected with the Texas Company (China) Ltd., in Hong-

Naldera, accompanied by Mrs. Jones and their two daughters, Maggie and Winifred.

LAUREL,

HARDY “SEPARATE"

Famed Comedy Team Broken Up

Hollywood. Aug. 17.. Mourful, cry-baby Stan Laurel and rotund Oliver Hardy, the highest- paid pair of comedians in the screen world, are "all washed up."

Hal Roach has announced that Prague, Aug. 17.

Stan's contract has been terminated.

will be Hardy's future partner At the close of to-day's meeting between Herr Kundt and Dr. Milan 'Harry Langdon, and they will play Hodza, it was arranged that they straight comedy instead of slapstick should meet again on 'Friday to x-Reuter, the dale of their next meeting.

According to unconfirmed reports Herr Henlein, the Sudeten leader, and Lord Runciman will meet in the

near future.-Reuter.

AGREE AS TO GOAL **

Prague, Aug. 17. A commutenique issued after the meeting slates that there was general agreement with regard to the dealr- ability of reaching a common accord for a fundamental settlement of the

minorities question.

The communique adds that the

will be continued. negotiations

it is semi-omelally stated that con- versations

the between

Sudeten leaders and Lord Runciman had the happy result that their tone and the presentation of their case was con- siderably modified, so that the con- versations could be held calmly and objectively.

the

FEROCIOUS FIGHTING DEVELOPES

Insurgents Pressing Into Ciudad Real

Saragossa, Aug. 17. A great offensive is now under way on the Estremadura front. where the military operations are developing into the most im- pertant in many months,

Despite heavy and determined resistance from the Loyalists, the Insurgents claim to have continued their advance and to have penetrated into the pro- vince of Ciudad Real.

Film-goers will mourn the passing of the cinema's greatest slapstick combination-perhaps to such an ex- tent that, as happened in 1833 when

On Tuesday night they were only they had personal differences and refused to play together, sheer weight little over 11 miles from the quick- of public opinion forced them to re-silver mines at Almaden, and had turn to their own peculiar style of succeeded in reaching the bank of the Zujar River on the entire front, and dual humour.

to have crossed the river at one point, Matrimoniul difficulties have beset

The two forces are now facing each both stars, and are probably the

ather across the sluggish waters of cause of Hal Roach's present decision. the river, Insurgents on one back. Oliver Hardy, "fat one" of the team, Loyalists deeply entrenched on the month other, is paying his wife £200 alimony.

Laurel,

perplexed- looking and perpetually bullied half The most violent battle is expected

equal of Laurel and Hardy, pays an to rage along the entire front within amount to his first two wives.

the next few days, the Loyalists Stan Laurel was born at Ulverston,ving concentrated large forces in Lancashire, and played in a knock the region of Almaden, which they about show with a then obscure netorare apparently determined to defend named Charlle Chaplin Like at all costs.-Trans-Ocean. Chaplin, he gravitated across the The statement adds that it would Atlantic to Hollywood, where he met be a mistake to over-estimate certain and teamed up with Hardy. They soon became the screen's highest pald manifestations In the Czech camp. The situation of the Government is comedians. In 1937 Laurel's salary stronger than ever, and thus it is totalled £31,000, Hardy's £17,000. possible to take up a more favourable Laurel's higher salary is explained attitude to certain Sudeten conditions by the fact that he is part-author of which so far have been regarded as most of the comedies in which the outside the scope of the discussions. two stars have played.

of

Herr Kundt, during the course his speech, declared that the Sudetens were prepared to continue the talks as long as there was chance of reach- ing an agreed solution, or until it was clear that their effort had failed. He declared that the hegemony of the Czechs was immoral and a perman- ent danger to the peace of Europe.- Reuter.

71

GERMAN CHARGED

Walter Johann Mayer, 37, a Ger- man, was charged before Mr. R. Edwards at the Central Magistracy this moming with entering Colony without n valid passport, and was cautioned.

Zoong Sings, Sh. $24 n. Wing On Textiles, Sh. $42 n.

Miscellaneous

II.K. Entertainments, $0% n. Constructions, $1.90 b. Vibro Plllng. $0.88 n. Ch. Govt. 5% 1025 G$Bonds.,

874% prm. n.

the

H.K. Govt, 4% Loan 5% prm. b. H.K. Govt, 34% Loan 14% prm.

The

Wallace Harpers. -

Investigating

Bombing By Franco Planes

London, Aur. 18.

The British mission, established to Investigate the bombing of allegedly open towns in Spain. will function for the first time to-morrow, according to Spanish press message.

Following the request of the Danish Government, two mem- Spanish bers of the mission will investi- rate the effects of the recent bombing of Alicante, and will villages al- visit 'several other

planes. tacked by Insurgent

Reuter.

CANE FOR SNATCHER

Charged with snatching an earring

MADRID BOMBARDED

Madrid, Aug. 17. Insurgent artillery carried out a vigorous bombardment of Madrid to- day.

One

hundred and ninety-three shells were hurled into the city, killing ten people and wounding 23. -United Press.

Ten are

REPRISAL FOR MINE BLAST Madrid, Aug. 17. dead and 23 wounded following an Insurgent bombardment of this city as a reprisal for the ex- plosion of a mine under the Insur- gent posillons in University City yesterday.

About 100 bombs were dropped on Barcelona by Insurgent alrcraft. Four were killed and 17 wounded.--t Reuter.

BRITISH COMMISSION TO INVESTIGATE

London, Aug. 17. The British Commission to investi- gate the bombing of open towns in Spain at the request of either parly in the Spanish confllet is reported to be on its way to Alicante, pre- sumably at the request of the Loyal- Ist Government.

Allcante has been the scene of almost daily bombings recently, and British shipping especially has suf- fered at this port.

The Commitalon is purely an un- official body, appointed by the Brilish Government in the hope of con tributing to an ending of the whole- valued at $10 from Ho Kin, 50, sale slaughter of civilian populations Wong Street on which has assumed olarming pro- widow, at Thi

and has aroused widespread both here and in other was sentenced to six months' hard Providents inbour and twelve strokes of the

Marsmans (Lon.), s/- 12/13 n.

Providents Tuesday, Teo Lo, 28, unemployed by bringing to bone on

Maramans Ins, (H.K.), s/~3/3 n.

China Consolidated

(old), $7.20 b. Consolidated China

(new), $7 b. Shanghal Trams — Augio Javas, ---

cane when he appeared betore Mr. such cases the reprobation of the H. R. Butters at the Central Mogle- pubile opinion of the civilised world. tracy this morning.

-British Wireless.

WHITEAWAY'S REFITTING & SUMMER

Now in

Sale!

Progress

A selection of miscellaneous items. Stock up on these useful necessities at these sale prices.

12 for $1 $1 per tablet

3 in box 70 cts. 3 in pkt. 70 cts, ... $1

CUSSON'S ASST'D TOILET SOAP GERARD'S MONSTER BATH SOAP CASTILE BANNER BABY SOAP .. FAVOURITE TAR SHAMPOO SOAP CHARMAINE TALCUM POWDER. Superfine VALENCIA TALCUM POWDER, large tin JUDITH ADEN After Bath Tale. Ig. tin OLDE ENGLISH LAVENDER WATER EAU-DE-COLOGNE

BRIAR PIPES. Assorted shapes MONSTER WRITING PADS, ruled WHITEAWAY'S AIRMAIL PADS

Special value WHITEAWAY'S PADS. PIRIE'S AIRMAIL PADS. Super quality MAMMOTH PADS. Ruled and unruled GENTS' MILITARY HAIR BRUSHES LADIES' HAIR BRUSHES. PURE BRISTLE LADIES' TORTOISE SHELL BRUSHES

Special Offers

175 cts. 65 cts.

2 bots for $1

2 bots, for $1

$1`oach

2 for $1

Z for $1

2 for $1

$1.03.

75 cts. ea.

$1 & $1,25

OWL CLOCKS for the Nursory in attractive colours.

Sale price $5.95 each

75 cts.

75 cts.

MODERN CHROMIUM CLOCKS $5.50 and $6.75 each ELECTRIC CLOCKS. Special value $12.50 to $39.50

Numerous other items drastically marked down in all departments during the sale. Call oarly for best choice.

Whiteaway, Laidlaw & Co., Ltd.

The WHISKY

B

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A blend of the karet Walkies

ALL OVER TEN YEARS OLD

Bark and Opernged By

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士披来()士稳,

THE

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TRADING CO.

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Building.

HONGKONG

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HONGKONG HOTEL: REPULSE BAY HOTEL;

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HOTELS

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In association with the Grand Hotel des Wagons Lits, Peking

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