1940-02-01 — Page 15

AMERICAN EMBARGO

Sonato Committee To Deal With Question

OPECIAL TO THE "TELLGNAPH"

WASHINGTON, Jan, 31 (UP), -The Senate Foreign Relations Committee is moving cautiously regarding the Far Eastern situa- tion, and has appointed a sub- committee to consider Senator Guy Gillette's resolution invok- ing the Neutrality Act in the Far East.

They postponed consuleration of the Japanese embargo bills until they have completed action on the Finnish loan properal, which Senator Key Pitman aid wou likely this week, alter which the Committee will in- mediately proceed with the Japanese embargo nieatures.

Finnish Loan More Urgent Senator

the Pittman declared Finnish loan was more of an emerg- elley measure than the Japanése situa-

Thursday,

HONGKONG TELEGRAPH

On

Attack U-Boat

Convoy Revenged

LONDON, JAN. 31 ̊ (REUTER). DETAILS OF THE SINKING OF THE SUBMARINE MENTIONED IN MR. CHAMBERLAIN'S SPEECH HAVE BEEN GIVEN BY THE ADMIRALTY AND THE AIR MINISTRY.

The announcement states that a U-boat yesterday attacked a voy and sank the 5,000-ton British steamer, Vaclite, whose crews

Britain Has Chance Of Better Trade

tions, and he said he would ask the Optimism Expressed By

Committee to meet dally until it was disposed of.

Ite aid that when the embargo bills are taken up he will and ment

hers of the State Department to appear on behalf of the Adult

Hon,

Senators Frederick Van Nuys and Hiram Johnson have been appointed to the sub-committee to study Senator Gillette's resolution, Senator Gillette bas asked for urgent action.

Bank Chairman

increase

LONDON, Jan. 31 (Reuter) Mr. Rupert Beckett, presiding at the annual meeting of West- minster Bank to-day, said that he anticipated an bank deposits as the outcome of increased Government expendi- Senator Pitman sald the sub-com-ture, but with Government mittee's decision would also likely be firmly controlling finance and applicable to Senator John Danaher's resolution for applying the Neutrality the avenues of investment.

Ife di noi consider that such a Act to the Russó-Vinnish undcclared war. 11

the b-committee rapid rise in deposits would occur might hold hearings un Senator as in the last war. Gillette's resolution but there were

nt plans thus far. He added that it was not likely that a sub-committee would be appointed to consider the embargo bilis, but the full Committer would study them as soon as possible.

Firm But Corcful Approach Informed circles gather that the Committee will begin a cautious, but intensive Canvas

the Juxinese altuption. However, they wish to prepare a firm but caretul approach to the question.

[

Greater opportunities for employ- ment of funds appeared in prospect, not only as the result of speed war-time machinery, but also as the outcome of increased oversea trado.

rescued by an Italian

ship...

escort im

naval mediately hunted the sub-

marine and dropped depth

charges, but after a time contact was lost.

Bombed By Aircraft

February 1, 1940.

MR. ARITA REGRETS

British Action In "Japanese Waters”

TOKYO, Feb. 1 (Reuter).- Referring in the Diet to Anglo- Japanese relations, the Foreign Minister, Mr. Inchiro Aritu,

said to-day that it was regret- table that a British warship had searched the -Asama Maru and

con-had taken off 21 German passen-

gera.

"The fact that such were

An unpre- redented incident should have oc- curred in our watera is profoundly regrettable for our Government as well as for the whole nation," sald.

Admiralty To Take Control

1,

he

Negotiations at present were pro- ceeding with the British nuthorlites, and they were doing all they could to geure satisfactory agreement.

the

Will Build Merchant Mr. Arita added that although some people suspected that Japan Fleet In Future Intended to eliminate the rights and Interests of third powers in China, LONDON, Jan 31 (Reuter).—In the Japanese Government had re- Later in the day, an Air Force the House of Commons to-day, the peatedly stated that it did not desire joined the naval escort convoy position Leader, said that the Gov Coastal Command flying boat Prime Minister, replying to Mr. this elimination.

Clement R. Attiée, the Labour Op- Anti-Comintern Policy in the search, and found the sub-emment

Mr. Arita sald that the polley of had decided that the marine proceeding on the sur-Admiralty should become responsible fence against the cumulat

muined unchanged. "We will con- face, apparently unable to dive for merchant shipkuliding; and repaira

tinue close

relationship with. al thus repeating the as the result of the damage in from February flicted during the earlier attack.

Powers who are signatories to arrangen roller.

made In the last war,

Anti-Comintern Paet." Appointed

Referring to the American abroga- Sir James Lithgow had been ap-tion of the treaty of commerce and starboard side of the submarine. Men pointed Controller of Merchant Ship-friendship with Japan, Mr. Arita gald were observed on deck and the sub-building and Repairs, and Sir Ames that Japan took all measures possible. marine fred its anti-aircraft gun.

Ayre had been appointed Director of to protect the rights and interests of The aircraft retaliated

Merchant Shipping and Repairs. machine-gun fire.

third Powers and was trying to con- Replying to supplementary ques- sider fairly all enses of damage sul- tions, the Prime Minister stated that fered by the citizens of third Powers the question of finance would be the

as the result of military operations. responsibility of the Admiralty and that ships, when built, would be the property of the Government, He understood that Sir Lithgow was not accepting a salary.

A heavy bomb was dropped on the

with

Survivors Picked Up The zen level temporarily obscured the subanarine, and the aircraft thereupon proceeded to the warships and told them the position of the

submarine.

But when they arrived, marine hui gunk. Some

the sub- survivors

New Trade Hopes

(in a rubber dinghy were rescued and

additional From a great part of the western some

survivors were the sea by world, Germany was virtually ruled picked up Inter from out as a trader, and although Im-British worships. portant neutral countries had more

Sink Four Ships time to exploit the opportunities. LONDON, Jan. 31 (Reuter)-With Mr, Beckett had high hopes that we reference to the claim made by Ger-

trade.

Germans

bom-

meau Reuter learns that confirmation has been received of the sinking of four vessels.

James

H.K. Stock Market

The following quotations

BANKS

CANADA'S NEW WAR EFFORT $15,500,000 Order For Fighting Materials

OTTAWA, Jan. 31 (Reuter)--As Jevidence of Canada's increasing paLE in the war effort, It is announced that the Canadian War Supply Board Inst Were week pinced orders totalling $13,500,-

week since the beginning of the war. 1.370 b. Canada's

The purchases marked the start of

shipbuilding

programme £8714 with $13,000,000 for anti-submarine

..80 n.

Reports are being circulated in

should succeed and win further many of having successfully Congressional elreles that the Japan

barded one French and four British issued on the Hongkong Stock Mar-008-the largest orders placed in any ese situation might be met with new

Relating this development to the steamers off the East Coast yesterday.ket this morning. loans by the Import-Export Bank to China; however, this aspect has not Pauling sphere, it should

funds in vet entered into the discussions of gevater ceployment of the Foreign Relations Committee.

advances to finance these operations.

In the wider sphere of our nationad No confirmation has been received, finances, we should hold complete however, of the sinking of the confidence, provided that our renteamer Umgent mentioned in the rourees were preserved from waste:German communique. The ship has and that the maximum savings of one mast missing but otherwise op- the community were made available peurs little worse for the bombard- for the national effort.

ment.

Cordell Hall To Testify WASHINGTON, Jan. 31 (Reuter), -As soon us Congress has settled the question of a loan to Finland, will be faced with the problem of US-Japanese relations.

Discussion will centre round the resolution of Senator Key Pittmans giving the President powers to In- pose an embargo,

Before action la talten, Mr. Cordell Hull is likely to be asked to appear before the Senate Foreign Reintions Commilites to give his views.

The Press is of the opinion that the "China Incident" provides legal grounds for

tarit

action, smre there

is reported that

I'm In Legion, Says Son, 8

Years Lost

NEARLY eight years ago George

to folk,

Skipper Tells Of Dastardly Attack LONDON, Jan. 31 (Reuter)-Cap- tain Russell, stripper of the Grimsby trawler which was attacked by Ger- Iman air craft yesterday, arrived home

to-day.

He stated that in addition to drop- ping Incendiary bombs, the plane dropped what looked like hundreds of darts which all missed the ship Captain Russell added that small

trawler but were extinguished and the trawler arrived safely back in pori.

has been unquestionable discrimina-ply, then seventeen, disappeared and fell into the sea. tion against American trade in China. frum his home in King's Lynn, Nor-fires occurred on the deck of the

In the

meantime, it the moral embargo continues operate. Latest reports state that the Japanese

anese attempt to buy American apparatus and processes for manufac- turing aeroplanes and petrol has been frustrated by oMeiaļ action,

Living Costs Pegged Down

Effect Of · British

· Govt's. Action

LONDON. Jan. 31 (Reuter) Making a statement on the cost of

ZI Now, according to letter ceived by his mother, Mrs. O. M. Blyth, of Losingga-road, King's Lynn, he is serving-for-five-years-in-the French Foreign Legion.

his

Apparently he still has a year to serve, and when that is over

other believes he will return to her. "He'll be

be nearly twenty-seven then he was little more than a and child when he went

away," she mur- mured, almost to herself.

Then Bolly" expect he will have changed... a great deal."

She told the Sunday Pictorial thal; George

stationed Dear

Fez,

WESTERN FRONT

Nazi Sorties Beaten Back

Morocco, and enys he is well and en- Air Activity Slackens Joying the life.

"There is only one other English- living index in the House of Comman in his regiment," she added." mions to-day, Sir John Simon, Chan "His Body Lies In Sand"- cellor of the Exchequer, referred to

PARIS, Jan. 31 (Reuter): Two Nazi raids' on the Western Front, west of the Saar, during the past 24 hours have been repulsed.

the steps taken by Govemment ta "He seemed cheerful n few hours control, as far as possible, the retail before he disappeared in 1932. 11c prices of the principal essential food-talked about the camp he would

The German artillery opened atuits.

attend with the Terriers a fortnight fire on French outposts before It was due to this notion that the later. cost of food index remained Lin- A believer in spiritualism, Mrs. the attacks were made and also

changed between December and Blyth. fearing her son was dead, later

January.

attended a seance.

The news that he is in the Foreign)

seem Legion makes that message nearer the truth than it appeared at the time.

How Control Is Effected The policy of controlling retail food prices by the use of public funds was being continued, and in consequence

"That night he spent an hour or Sir John anticipated that any increase in the present month would be sinal. two at the Territorial Club, then The cost of this polley to the Ex- walked out. That was the last any- chequer was very substantial, and at one in King's Lynn saw of him. present was costing £1,000,000 o "Police searched papers, published week, arising principally from hold-advertisements, an SOS was broad- cast without result. Even a second ing the prices of such articles as SOS, broadcast when his father died. bread, flour, meat and milk.

brought no response."

Contraband Control Works! Full Speed

LONDON, Jan. 31 (Reufer).—The Ministry of Economie Warfare states

that there were 20 neutral ships in the United Kingdom Contraband Control bases yesterday.

Of these, 10 had been there ave

ECONOMIC DRIVE BY NAZIS

laid a barrage on all points from which raiding parties could be attacked.

The Germans left their lines at

points two miles apart.

In one raid, about 50 men were in one party and 25 in the other.

Easily Driven Back

The French artillery and automa- tic weapons drove the raiders back without dimeulty.

There has been no air activity over the Western Front although one Nazi inschine has made a long recomanis- sance flight over Eastern and Northern France and is reported to have flown over Belgium on its way home.

Nazi Lines Penetrated

| PARIS, Jan. 31 ́ (Reuter).---To- Pressure Being Put On day's communique states that our patrole penetrated into enemy terri- tory at several points and successfully Recomplished their mission,

Yugo-Slavia

PARIS, Jan. 31 (Reuter).--Accord-

£200,000 For Relief Work Proposed

German-Y Belade despatch, the German-Yugo-Slav económic com mittee, which normally meets in April or May will now meet in Feb- ruary, The official reason given for |the advanced dale is the need for LONDON, Jan. 31 (Reuter)A During last week the cargoen of adjusting commercial relations fol- sunmlementary civil estimate for 107 ships, which arrived since

issued to-day lowing the Customs union between £208,000

includes January 20, and 31 outstanding Germany and the Protectorato af £100,000 for relief of distress among Polish refugees in neutral countries,

days or less...

cargoed were considered,

Babemta and Moravia.

Same Old Formula

H.K. Banks $.... H.K. Banks (Lon. Reg.) 1.K. Danks (HK. Reg.) Chartered £

Mercantile, A. & B, L Mercantile, C. £. East Asia S.

INSURANCES

Canton $. Unions $ China Underwriter $.. HK. Vir S.

SHIPPING Douglases $. Steamboats S.. Indo-Chinas PS Indo-Chinas D.$. Shell (Bearers) 3/- Waterboats $

DOCKS ETC. Wharves $. Docks $. Providents $. New Eng, Sh. Sh. Docks Sh. $

MINING

Kallons/7", Raubs $. Venz. Gold S ILK. Mines Hotels $

Lands $..

(x.d.)

LANDS

Land: 4% Debentures S'hai Lands Sh. $. Humphreya $... 11.K. Refties 5.. Chinese Estates $...

UTILITIES

.Trans $.

Peak Trams (old) $. Peak Trams (new) Star Ferries $... Y. Ferries $.

rics

China Lights

(old),

China Lights (new)

H.K. Electries $. Macho Electrics S Sandakan Lights Telephones (old) $. Telephones (new) $.. Tractions s/- Tractions

(Pref.)

3/- INDUSTRIALS

vessels,

.8% n. It is learned that a large propar- 28% ntion of the shipbuilding contracts has .11been, awarded to the British Govern-

.70 n. ment.

.2121 b.

A sum of $1,000,000 will be paid to the British Air Ministry for aircraft .465, s. supplies and $250,000 to the Admiral- ..) 9. ly for munitions.

180 n.

100 n.

.11 n.

.100 n,

..80 n.

.71⁄2 1.

.78/1 n.

.103 n.

.20.90 sa. .4.40 b.

19.00 n.

.200 n.

[18/+TMn.

.10 n.

.4 n.

.31⁄2 cts. n.

5.15. n.

33 n.

100

141⁄2 n.

.8% n.

4.60 n.

101 n.

17.70_sa. .8 n. 4 n.. .00 sa. .241⁄2 b. .7.70 n.

.431 n.

5514 sa

אין

n.

.24 b.

.9.00 n.

1078 11.

1970 n.

Cald: Mack (Ord.), Sh. $..14.00 n. Caid Mac. (Fret.), Sh. $....12 n.) Canton Ice S.. Cements $.

H.K. Ropes S..

STORES, &c. Dairy Forms (old) $. Dairy Farms (new) $. Watsons $. Lane, Crawfords $ 6inceres S....... Wing On (H.K.) Powell, Ltd. S,

COTTON MILLS Ewo Sh. $...... S'hai Cotton Sli. $. Zoong Sing, Sh. $. Wing On Texilies, Sh. $..

MISC. H.K. Entertainments $. Constructions (old) $. Constrieruons (new) $. Vibro Piling $... Ch Govt. 57% 1025

G. Bands....... H.K. Govt, 1

.18 n. . n.

221/2 S 2144 n. ..0 n.

STOCK MARKET REPORT

Hongkong Stock Exchange official summary issued yesterday mays:

Very quiet conditions marked the morning session.

Buyers

K. Bank 1,363 Dock $301

Providents $4.40 Hotels 5.03 Landa $39%

"Humphroy #IXZ-

Yauma Ferries $4 China Lights (New) 4 Telephones (010) 824 Watsons $0.00 Entertainments 50.00

Sellers

Repen

Dalry Farms (Old) $223⁄41⁄2

Union Ins. $465 Docks $20.00 Tramways $17.70 Star Ferrien 650

Alocks

Galer

ania Gold Stares

Antamok Baguio Gold Batong Busliny

Big Wedge Coco Grove Con. Mines Demonstration

East Mindanao

I, X. L. Ino Gold

Itogon Min. Mambulao Con. Masbate Con. Mand. Motherlode Mine Operation North Camarines Farscale Gumaus San Mauricio

Surigao Con.

Suyoc Con,

Myndicate Inv United Purucalo Benguet Con.

Make Heligoland

Bight

Stronger

BERLIN, Jan. 31 (Reuter)—It is 7% n. announced that the German Navy re- 1.80 n.cently strengthened their submarine 11 n.defences in Heligoland Bight by the 1 increase of submarine fighting versels

and other moany of defence. .35% 11.

178 Train Services Resumo

.44 n. .48% n.

LONDON, Jan. 31 (Reuter).—Most 0.00 b. of the rallways throughout the coun- 14 ny are now running on schedule, ...I m.In the case of a few exceptions it is 8 n. expected that normal running will

bo resumed to-morrow.

50% n.

Loan (x inl.) 100 s. IK. Govt. 3% Lenn

.004 n. Maremans (Lon.) s/-

10/6 n. Marsmans (H.K.) B- 4/- n.

Turkish Delight Criticised

In 84 cases, the entire cargoes were It is believed that the meeting, and £113,000 for carthquake relief released.

Sixty-four ships were dealt with which will be insisted upon by the in Turkey.

Germans, will play a part In the under the system of considering the

the

MOSCOW, Jan. 31 (Reuter).—The ships papers before arrival of the connante offensive started by

Trade Union organ "Trud" makes an verzeis, and in 61 cases the ships con-Germans in south-eastern Europe.

A new German financial delega- TOKYO, cerned were released after a formal

Jan. 31 (UT).—The attack to-day on, Qie Turkish Preza, tion has

arrived in Belgrade to Japanese Press forecasts that at the accusing it. of publishing, without checking of the papers,

The cargoes examined included negotiate in connection with pre-war Diet session Mr. Arita will emphasiso evidence, anti-Soviet news such those of 41 Dutch, 25 Norwegian, 21Serbian loans, The German object Japan's independent policy in foreign reports of Finnish successes and for Italien, eight Belgian, soven Greek, appears to be to increase the per-relations, but will announce the In-reacting with concealed enthusiasm koven Swedish and Ave United States centage which Yugo-Slavin pgreed tention to respect third Power rights to Mr. Churchill's threats against ships.

Inst December to repay.

and Interests in China.

neutrals.

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