1939-03-17 — Page 29

Hongkong Telegraph 港電新報 士蔑新聞 All

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HONGKONG TELEGRAPH

March 17, 1939.

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Japan's Use Of Poison FIRE INSURANCE Shanghai Chamber Of Commerce

Gas On China Fronts

CHUNGKING, Mar. 16. TWO INTERESTING military manuals, circulated by the Japanese China Expedition to their soldiers at the front and describing the use of several kinds of poison gas cylinders, have been made, public here.

Manchukuo Millions

Huge Japanese Investments

Both pamphlets which were seized from the Japanese on the north Kiangsu front were print- ed on the 13th Year of Showa (1938), one explaining the re- sults of the use of gas in the Japanese attack on IIsuchow and the other giving an extensive Jaccount of various smoke-

throwing cylinders and bombs.

Aside froin technical descriptions of the different types of gas bumba, the pamphlets also call special atten- tion of the Japanese soldiers to the importance of keeping the use of gas

strict secret.

HSINKING, Mar. 17. JAPANESE INVESTMENTS made in Manchukuo during 1938 in the form of securities and stocks totalled 601,000,000 yen All empty cylinders after use, the inubual directs, should be carefully with 406,000,000 as compared

laid away. They should be sunk to yen during the preceding year, the bottom of lakes or rivers, buried showing an increase of 195,-under the earth, or otherwise hidden

away from easy delection. 000,000 yen.

The grand total of Japanese in- vestments in Manchukuo since thel founding of the State amounts to 2,075,000,000 yen of which 1,724,000,- 080 yen had been subscribed in the past eight years since the Manchurian Incident of 1931-Dome,

Arabs Reject Proposals

LONDON. Mar. 16.

WARNED ABOUT FOREIGNERS

The manual particularly, emphasises | the Importance of not using gus at places where there are forelyners in large numbers,

The pamphlet also reveals that in

a number of cases, the use of gas has

CO. REPORT

The Seventieth Ordinary Meeting of the Hongkong Fire Insurance Co., Ltd., will be held at No. 18, l'edder Strees, at noon on Friday, March 24, when the accounts and report for the last year's working will be consider-

cd,

The 1937 Account shows a surplus of $405,866.61, and it is recommended that this sun be appropriated as follows: To pay a Dividend

of $12 per share. $480,000.00 To add to Itelnaur.

ance Fund

$ 15,860.61

$405,866.01

The Investment & Exchange Fluctuation Account: The summ of $300,000.00 has been trans- ferred from Reinsurance Fund to the credit of this Account,

1938 Account: The balance at credit of this Account is $762,452.20.

Consulting Committee: Sir Róbert Ilo Tung resigned his sent for reasons of health and the Hon. Mr. M. K. Lo was in- vited to all the vacancy. This appointment requires the con- firmation of Shareholders,

1sra. C. Bernard Brown, A. II. Compton, T. E. Pearce, J. II. Taggart and S. T. Willamson retire but, being eligible, offer themselves for re-election. Mr. F. A. Joseph is resigning from the Committee on leaving the Colony.

caused the Japanese themselves to be WAR IN CHINA polsoner. It warns the users tha utmost care must always be exercised In the handling of such chemical weapons,

The manual alleges that in many cases, the large scale use of gas has bad the ellect of weakening the Chinese strength of resistance. The

THE ARAB DELEGATES to bottles of Kuchen, Shouhsien, Slang-

arc

the Palestine conference understood also to have decided that the principles contained in the British proposals are unac- ceptable.

gow, Matang, as well as a series of heavy engagements on the front were enumerated as miillary Justinention for their use of gas.- Central News.

Protests At New Currency Laws

SHANGHAI, Mar. 17.

AN "EMPHATIC PROTEST", by the British Chamber of Commerce against the introduction of currency regulations in North China under the auspices of the Japanese, was made here, to-day in the form of a special statement issued by Sir Robert Calder Marshall, Chairman of the Chamber.

Murder Charge: Man Remanded

The statement, which Sir Robert Marshall declares "expresses the views of the British Chamber," describes" the new measures as "definitely discriminatory against British interests," and a "most flagrant attack on the Chorged with having murdered doctrine of the open door." Hyoshi Sagara, a Japanese, in

The statement adds that restaurant in Wanchal on January should the new regulation suc- 20, Ll Ping-chun, 22, partner of the ceed it would have a "disastrous Cha Heung Sut Restaurant, appeared before Mr. R. A. D. Forrest at Central Magistracy this morning when he was formally remanded for another week.

lis

the

Li is alleged to have attacked the

January 28 with Japanese on chopper, and the man died in Queen Mary Hospital about weeks Inter from his wounds,

the Ave

effect" on British and all foreign trade and it, urges, that every effort should be made to render them nugatory.

THE STATEMENT

The statement follows: "On March 11, regulations issued by the 'Provisional Government of Mr. C. A. S. Russ was present in North China for the control of Court, and gaid that he would be ap- pearing for the defence, while Sub-currency became operative in all the Inspector W, N. Darkla said Mr. J. important cities and ports under Whyatt, Crown Counsel, would be Japanese control la North China, prosecuting

theluding Peiping, Tientsin, Tringtao, Chefoo, and Weihaiwel. The regula lions are intended to enforce the use of the Federated Reserve notes which are linked to the yen, and which, boing Inadequately backed, have little or no value in foreign exchange. and to oust the Chinese national currency which is backed by reserves, und which

hos definite foreign exeliange value.

SITUATION REVIEWED IN ARMY COMMUNIQUE

ing

CHUNGKING, Mar. 16.

Yangtsechen,

"In order to establish circulation

H.K. Stock Market

The following quotations were Issued on the Hongkong Stock Mar- ket this morning:

BANKS

ILK. Banks $....1400/20 kn. H.K. Banks Lon. .. Chartered £. Mercantile, A. &. B. £. Mercantile, C. E.

East Asta $..

INSURANCES

.67 17. 034 n. .274 n. .13 n. Bb.

Canton $.

,225 b. Union S

405. China Underwriter call pd. $1% n. H.K. Fire $...

n

105 b.

Douglas $.

SHIPPING

Sleamboals $.... Indo-Chinns, P. $. Indo-Chinus. DS. Shell Bearers s/- Waterboats $.

0 b.

.15 n.

60 n.

24 n. 05/- n.

cur-

of

DOCKS ETC.

Wharves $. Docks $

1181⁄2 n.

.10 b.

Providents (ok) S. Providents (new) $. New Eng. Sh. .. Sha. Docks, Sh. $.

MINING

6.30 .01⁄4 n 8.00 n.

.165 n..

Kailan s/-

.18/3 n.

.8.35 r.

.3 n.

5 n.

43% 30.

30% 50.

THE GENERAL war situation during the past week was described by a communique of the Military Affairs Commission of the Federal Reserve Bank Shunsl

to-day as witnessing further slackening of Japanese activities rency, the customs are forbidden to permit the export of certain goods, on all fronts.

main articles constituting the On the central Hupeh front, number of important points, includ- export in North China unless foreign

Changshoutlen,

exchange for such shipments the Japanese paid the heavy toll

Yunglung, and Sientaochen.

negotiated through the Yokohama It is anticipated that to-morrow's character in a treaty relation with

of at least 6.000 casualties for To the south of the Kingahan-Specie Bank and converted into the Britain. -meeting will be the last of the series. It is stated that one or two of the the occupation-of-Chungsiang-Chungslang highway along the Chi Federal Reserve Bank rate of four-

south Hupeh, the teen pence. "Reuter" understands that details Jewish delegates to the conference last week. The invaders' force River, and in of the proposals of the British Gov-may return to Palestine during the has now been spent, while the apanese westward court has "This rule automatically establishes.

been called to an abrupt halt by the ernment moke it clear thut the week-end, but the delegation as a ultimate objective is an independent whole will remain until the anal Chinese troops, assuming the vigorous resistance of Chinese forces. financial monopoly in favour of

and would, Japanese banks, Palestine State, possibly Federat in word is spoken.-Reuter,

offensive, have already recaptured #

MANY JAPANESE KILLED business on such a basis could con-

foreign provide

exchange During the past month, it stue, estimated, more than 2,000 Japanese hacking for the inadequately secured Federal Reserve Bank currency. were succeed In their unsuccessful

This

attempt at the stabilisation attempt to push westward. in the Federal Reserve Bank currency

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TO-MORROW

AT

THE

KING'S

also

I

U

vicinity of Yangsin and Tuych alone 600 Japanese were killed in a series can only result in a general stoppage of trade, and the probable closure of; of bitter combats.

many foreign concerns as would be unable to trade in currency not feely | convertible in foreign exchange.

Equally unsuccessful pushes by the Japanese forces featured development on the Kwangtung front. Although Japanese strength has been Increased on the outskirts of Canton, their acti- Ivities were confined to the erection

of defence works.

DIFFERENT FOR JAPANESE "For the Japanese, the position is somewhat different, as in tending in North of Tsungfa, the two small Federal Reserve banknotes, they are: villages of Takongling and Macerling accepting a currency which can be were recaptured by Chinese forces made available for the purchases of after a vigorous artillery attack on supplies in Japan. Merch B. The Japanese lost 300 men before finally retreating to Sonkong.

FAHSIEN SUCCESS.

"While the effect of this regulation will firstly be felt by exporters of Chica produce, it will soon be felt At Fusion, Chinese forces scored equally by importers of foreign goods a handsome win on the morning of father than the Japanese) as there is March 11, when 200 Japanese were no guarantee that even such foreign avalluble killed in a bitter struggle. On the exchange as may become sune day a squadron of Chinese from exports will be used to finance

the imports, and will result in the im planes conducted raids оп Japanese positions at Sunkal, Tai-mediate reduction in volume of all other than Japanese. pingchong and other places and ex-imports

Furthermore, even if

foreign acted heavy tolls from the enemy.

to im On the Hainan Island, Chinese exchange is made available forces on March 12 and 13 staged a porters, Its Inadequacy spells a system heavy attack on Lungmenshih and of allotment, placing in the hands of Tungkihsiang and for a time ad- the Federated Reserve Bank vanced to the immediate qutskirts of sures to control and restrict foreign which are quile in- Kiungshan (Holhow) and Tingan. Imports.

existing treaties, Japanese defence at the two towns compatible with

This attempt to force an unbackad has since been strengthened.

Some

men-

On the Shansi front, Chinese currency in North China must there- disastrous effect on the claimed the recapture of Taiwu dur-fore have ing the last weekend. The attempts British channels of supply and dis-

Should tribution,

the Japaneso of the Japanese to cross the Yellow River to attack Shensi have. again succeed in promoting in China a cur--

rency linked with the yen, it will been frustrated.

In north Kiangsu, Chinese forces place foreign traders at a disadvant have completed plons for counier-ge, even as they are placed in Man- attacking liwaiyin which they now churia. surround. The recapture of Paoyin has been officially confirmed.-Cen- tral News.

End To Winter

BERLIN, Conn. Winter came in to a lion and will go out the same way, according to local old-time forecasters. studying the shading of stripes caterpillars, they predleted a paratively mild period before season crils with a flourish,

"The regulations, therefore, are definitely discriminatory against British interests, and consiitute a very flagrant attack on the doctrine of the open door and equal op portunity, and every effort should be made to render them nugotory.

By

on

com-

tho

"The British Chamber emphalically against this ill-advised protest scheme, which will damage, not only British Interests, but all other non- Japanese interests in North China, and may eventually hava dimogleg effects over

wider arca.

Reuter.

Raubs $.....

Venz: Goldfield $. Hongkong Mines cts Anlamoks Ps. Atoks Ps.

Bagnula Gold ps.

Benguet Cons. Ps. Coco Grove Ps. Con Mines Pa. Demonstrations Ps.

IXL. Ps.

.274 92.

13.00 su, .46% 63.

IG SU

.05 sa.

.10% sa.

2.20 sa.

20% sn.

.77 60

LANDS

.6.36 z.

Gumaux Ps. San Mauricio Ps. Suype Consol Ps. Paracales Ps.

Hotels $. Lands $ Lands 4% deb. $. S'hal Lands Sh. $. Humphreys $... H.K. Realles $.. Chinese Estates $

UTILITIES

Trama $.................. Peak Trams (old) Peak Trams (new)

Star Ferries $.

Y. Ferries (old)

Y. Ferries (new) China Lights (old) $ China Light (new) H.K. Electrics .. Macao Electries $. Sandakan Lights $ Telephones (old) $. Telephones (new) $. Tractions R/-

4.

.30% 9.

107 n.

.94 D.

8.55 n.

.4.80 n. .100 n.

16.00 .j

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401-KWAN BLDG. DESVOEUX RD. C

071 n.

.25 .

.24 b.

.8.00 n.

57

18% sa. 11.10 b. .224 b.

n.

.7%

..23/8 n.

.22/0 n.

14 n.

Tractions (Pref.) n/

INDUSTRIAL Cald: Macg. (ord.), Sh. $.. Cald: Macg (Fre.), Sh. $....13 Canton Tees $. Cements $,

HK. Rupes $...........

STORES, &c. Dairy Furins $... Watsons $ Sinceres $..... Lane Crawfords $.. Wing On (H.K.) Powell, Ltd. ets,

COTTON MILLS

Ewo Sh. $.... S'hal Cotton Sh. Zoong Sings, Sh.$.. Wing On Textiles, Sh

MISC. H.K. Entertainment Constructions, $..... Vibro Piling $.... Ch. Govt, 8% 1925 G. Bonds

14 .4.10

25% 1.

.0.10 b.

1.80 n.

.. n. .40 b.

.00 n.

18.60 1.

.101 n.

24.

.40 n.

.7.05 b.

.1% n.

7.30 Ba.

.00% Th

H.K. Govt. 4% Loon 4% prm. b. H.K. Govt. Lann 3% Marsmans (Lond.) s/- Marsmans (H.K.) 5/-

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..par. b. RETAIL & ACCOUNTS DEPI 2046)

•.17/0.WHOLESALE & GENERAL OFFICE 22338

.5/3 n.

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