1940-02-01 — Page 7

Swan, Culbertson & Fritz

Investment Bankers and Brokers

Members of New York Colton Exchange

Chicago Beard of Trade

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Commodity Exchange, Inc., New York

Canadian Commodity Exchange, Inc.. Montreal New York Coffee and Sugar Exchange

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SHANGHAI, HONGKONG, MANILA and BUENOS AIRES

Cable Address: SWANSTOCK

N.Y.K.

Thursday,

HONGKONG TELEGRAPH

OF

U.S. VIEW JAPANESE WAR POLICY

Has European War Turned

Tokyo's Eyes To Indies?

"SINGAPORE with its friendly hinterland and the relative case of defending immediate sea access is in no danger of falling before an enemy assault and it could serve as an effective and protected centre for commerce- raiding operations," says Mr. Rupert Emerson, author of "Malaysia," the well-known study of Colonial govern- ment in Malaya and the Netherlands Indics, discussing the effect of the war in Europe on the international situa- tion in the far East in an article in the Foreign Policy Report (Washington),

Mr. Emerson, who is associate professor of Govern- ment at Harvard University, adds that "without capital ships and a fleet of supporting naval vessels, however,

LINE Singapore could not menace the main Japanese forces

CALIFORNIA AHEAD!

Our Middle February Sailing from Hongkong to San Francisco and Los Angeles Shanghai, Japan and Honolulu resumption of sorvica

via marks the ovor this most popular route,

Also:

FORTNIGHTLY to VANCOUVER and SEATTLE

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IMMINENT FREIGHT SAILINGS

CALCUTTA via SINGA-

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BOMBAY via SINGAPORE,

and Way Ports

THIS WEEK

and could do little to impede an attack on Indo-China or the Dutch islands to the east and north of Java."

War in Europe "and the de-unity of command," plane for which sire of Japan to cut off the were discussed at the recent Singa- major sources of supply for the pore conference.

"It is essential to take into account' Nationalist and revolutionary

United States," Mr. Emerson says. elements of China" raises the the role that might be played by the question of whether Japan will "There can be, little doubt that, if continue "to remain with its past policy of peaceful penetration into south-east Asia or will grasp the opportunity to invade the colonial strongholds of the European powers." Mr. Rupert Emerson declares.

content there should be'a direct Japanese-at- Lack on the Philippines, the United States would interpret it as a de-

claration of war..

Japan And Philippines

Jupanese,

the

however, followed the shrewder policy, of waiting for the Philippines to fall into their hands at some later stage and launched their attack elsewhere, it is impossible to foresee the action the United States might take; but it is probable that, even if America re- mained neutral, its neutrality would be coloured by benevolence toward France and Britain.

"In northern Asia the sense of of a second the Inevitability Russo-Japanese war has by no means disappeared." Mr. Emer- .son says. "But it is clear that the Soviet Union is ready to de- fend is territories.

the climate and "In contrast to economic difficulties which would confront Japan's effort to develop "Given the strategic position of the and exploit Siberian resources, the Philippines and the continued pre-

Seas' offer

sence of the American navy in the great going

of neutrality of participation adopted by the United Paelfie, the form States would be important factor in Tokyo's calculations."

Discussing Japan's dificulties in entrying out such

project Mr. Emerson says:

colonies of the 'South concerns

art which NEXT WEEK

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KING'S BUILDING

TELEPHONE 30201.

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Important Notice to Our Customers

We employ experienced Specialists to under-

take Developing, Printing and Enlarg- ing work.

already among the world's principat suppliers of raw materials, such a rubber, tin, oil, sugar, and a host of others," he says.

Markets For Japan "Not only could Japan use these commoditics for direct consumption but it would be able to obtain essen-

"Japan has distinctly improved. Its tial foreign exchange. In addition, strategic position, but in any opera- these colonies offer large markets, tions in south-east Asin, it would be for Japanese forced to maintain very long lines whose potentialities

have already manufactures

been of communication to its main home tested, and large, stretches of un-bases. In a major naval engagement developed territory available for fu- Japan could cope with the forces ture exploitation and settlement. In that could be sent against it under ny respects the opportunities they present conditions, unless the United provide are superior to those of States were also actively engaged, China self," the article paints out. but the occupation of distant ter- The colonies of south-eastern Asta ritories would be another matter. are in many respects complementary "In addition to the general strain to Japan, while strategically, their on its economy. Japan would face difficulties. It would control of the passes from Europe to many special

says.

the East makes them importart both have to withdraw considerable num- to Japan and the West, the article bers of troops from China and the Sovict frontiers. Its battle fleet The outbreak of the European war would be to some degree divided, and the changes consequent on the and Japan proper left exposed to Nazi-Soviet paet "have given a new attack. impetus to those who sec Japan's destiny as lying in the south."

}

Shipping's Fate.

February 1, 1940.

How The Nazis Do Love Him!

►

THIS is how Mr. Winston Churchill is being

the

shown to

people. The come from.

Germa

cartoons

CHILE' AUSKOCHEREI

Das Schwarze Korps, Berlin.

Kladderadatsch, Berlin.

Lustige Blatter, 'Berlin.

50 A

MY GOOD FORTUNE HAS BEEN MY WIFE --Lord Wakefield

By BASIL CARDEW

BEACONSFIELD

(Bucks), Jan. 4.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Regal Charter 1889, Paid-up Capitai

................... £3,000,000 Reservo Liability of Proprietors £3,000,000 Butervo Mund

................ £3,000,000

HEAD OFFICE:-LONDON. Jishopsgato, ... Bah-Agencies in London: 117/122, Leadenhall Street, LLC.3. West End Branetti 14/15, Cockspur, Hiroot, B.W.A. Manchester Branch:

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AGENCIES AND BRANCHES:

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Bombay

Agenates:

Citve Street

IN a country house at Batavia Knotty Green, near Ben- Calcutta

Jarvin

Jongkong Ipoh

consfield, to-day, Viscount Fairlin Place Lumpur

Wakefield talked to me

Rangoon

Balcon

Bemaranu

Follo

Beremban

Karachi

Shanghal

stats

Singapore

Kobe

Sitiawan

Kuala

Bourabaya

Taiping

Kuching

Tientali

Madras

Tomkatt

Manija

(Phuket)

Moden

Tsingtao

New York

Yokohama

Haiphong

I'elpin

(king)

Canton Cawnpore

about his No. 1 adviser Geba

Colombo for fifty-two years-his Deint wife.

Lord Wakefield was eighty to-day. The drawing-room Into which I was taken is now his office.

It was

a strange scene-the oil magnate, in City dress, surrounded by his office workers; the roaring coul are, the busy desk, and just the ather side of the window goldfish in a pond.

"My good fortune," Lord Wake- feld said to me, "has been by wife. Her comfort and wise counsel have always been my driving force, my inspiration.

Captain, Cabin Boy "Sometimes she has been the cap- tain und I the cabin boy. I have been glad to follow her advice.

"On the eve of a business battle I have put my problems before her. And when she has said, 'Go ahead, it is I have fought, and never

right, once have I regretted it.

"You know,

wife is the n rood

can have. greatest asset a man When I meet famous men I am

nen

always pleased to meet their wives. In then I often see the reason for the men's success, "A tired business man arriving home in the evening can have no greater blessing than a wife who understands and helps him, gives him sympathy.""

He Collects Superstitions

who

NORMAN, (UP).-Although this is a scientiae age, Dr. Benjamin Cari- wright, education professor of the University of Oklahoma, has a col- lection of 10,000 superstitions.

He began his collection 30 yours

Many superstitions originated an means of teaching good manners or neutress ho believes.

Pictures

Of

Llama For The Censor

"Its shipping would face the pra-system is a waste of public money. "Outstanding Prize"

war.

away out in the East,

the

**There

were pictures of land girls and other subjects which could not possibly give the least Information to the enemy.

ABOLISH the censorship and trust newspaper editors to be their own censors-that-is-the advice. of Lord Raglan, who resigned his £750-a-year job as a censor because he could not find enough work.

Lord Raglan, whose scat is at Usk, Monmouth- shire, is fifty-four years old. He said to a news- paper representative: "The existing censorship tical certainty of being driven from

"Most of them are of ibjects the difficulties of "My comparatively short ex- Terming the Netherlands Indies as the seas, and

bearing upon Censorship which have no "the outstanding prize," Mr. Emerson meeting the needs of the China war says, "to the Dutch, the Japanese re- would be added the task of furnishperience at the

"I had one batch of fifty showing present a dangerously dynamle im- ing transport and supply to the new Bureau has convinced me that perialism which has already made à battlefronts. In Southern China its the newspaper editors can be

missionarles, another fty of a Hama grave thrust at European economic relatively weak hold might be suc- trusted and are far better fittede Pone consecrating a number of

challenged. Even if a predominance and is seeking any cessfully Inephole for further penetration. To frontal attack on strongly held post to act as their own censors than the Japanese. the Indies are a vast lions should prove successful, there the people who have had no ex- under-developed and under-populated would be no assurance that these perience of newspaper work.

riches and could be held during a long war of estate containing great resources to which they are denied attrition.

"The more likely course is that adequate access by small Power not itself able to exploit the wealth Japan might follow Hitler's policy of piccement attacks on outlying and which it possesses.

defensible regions, Pointing out that "the fact of Dutchless

perhatia dependence on British support inutilising the facilities offered by the Case of any major attack is undeni Japanese mandated islands."

Japan has made considerable in- able," Mr. Emerton says that Dutch control of the Indies is as vital to roada on the economic life of south- the Censorship Bureau on what may submitted by the publishers and British Interests in the Ensi as the east Asia, "but these inroads have and what may not be published. Let mark in pencil any passages which I thought should not be published. I Independence of Holland In to neither satisfed its economic aspira- those rules be given to newspaper Britain's security in Europe, and des- tions nor been allowed to reach the editors, and from time to time altera-did mark some passages, but what

the' pltc

collapse

the of Comintern agreement, it remains by had no political barriers been placed them

Already Known

"Lord Dufferin and Ava, said the no means inconceivable that Japan in the way," Mr. Emerson adds.

He also polnis out the barriers im-

out other night in the House of Lords and Germany might co-ordinate their

thens "They would carry

that when I resigned I left unfinished un Holland at home and in posed by the unofficial but well- attacks

took my organised boycott of Japanese goods loyally. the Indles."

Chinese In the various

"Much of the news submitted is work which Discussing defences of the various which the

cabled from abroad. The censor re-twelve hours to complete. All I cari Mr. Emerson oress have enforced. Pawera in this area, points out that:

"It may be doubted whether Ja fuses to allow it to be published. say is that I am sorry so little work "Everything was cleared up when Projects to make Australia the pan's capital resources are sufficient Why? It may, so it is argued, give occupied so long a time.

information to the enemy. British arsenal in

the south-west ly great to enable it to make effec-

"But does it not strike them that I left the office, Pacific, supply foodstuffs, munitions, tive use of the opportunities for ex-

known in news is already nlrcraft and valuable naval basen, pansion which may present them-

neutral countries, that often it has selves," he concludes. are well under way..

been taken from newspapers pub- lished in those countries, and there. the known to foro is already chemy?

"I would allow the Government to retain the power which they should have of taking proceedings

"Then I was moved to the book there agatust any editor who published information which would be of ascensorship department-and

was absolutely nothing to do. sistance to the enemy.

Passing The Time

"There would be very few pro- secutions.

"There are certain defined rules at

"I was supposed to rend, books

learned.. anil-full extent they would have reached tions and fresh instructions issued to happened about the books I never

French Defences Fortication of the harbour of Camranh Bay and the increased con struction of munitions and aircraft plants wil strengthen French Indo- China's defences.

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The Dutch are devising a relative- be able to defence which would harass and inflict serious losses on an altacking force "until British, or per

American, naval forces would. come to their ald."

haps

A small fect of cruisers, des- troyers, und submarines together with "the rapid expansion of the air forces" augments the Dutch defence. Mr. Emerson speaks of imple mented solidarity of Brillah and French forces in the Far East, with "Joint use of the Powers, the co- operation of their forces, and the

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successor

"I certainly was not offered a secretary or an assistant. I was told, however, that if I wanted an assistant I could have one, and I asked why should I need one?

"There are Ino many hours spent pletare department I discovered that in the Censuship Bureau by paid there was not an hour's honest work oflent working

hen

I was appointed to the

out crossword

in ony one day. Worse sill, there puzzles, That is the most popular were other censore standing around form of pussing the time. The of ficials have beconte crossword Ex perts."

Idling.

Pic- 10 be

Procedure "Here is one of the rules, turcs submitted have ench stamped and initialled by the censor. "They come in from the picture agencies in batches of Atty, all of the same subject. for transmission abroad.

Each of those fifty similar photo- graphs has to be stamped and initiated. One pleture would not meet the caso,

METROPOLE

ROOM BATH $6

CENTRAL

CLEAN

COMFORTABLE

Hamburg

ilankow

FOREIGN

Penang

EXCHANGE and General

and

Banking Business transacted.

CURILENT ACCOUNTS. Opened

FIXED DEPOSITS rerelved for One Year or shorter periods in Local or Other Cur- reneies at enten which will be quoted on opplication.

SAVINGS ACCOUNTS also opened. in Local Currency and Sterling with interest

allowed at rates obtainable an application.

The Bank's Ilend Office in London undertaker Executor & Trustee business, nnd claims recovery of British Income Tax overald, on terms which may be recriained at any of its Agencies and Branches,

R. A. CAMIDGE,

Díanager.

"HYSTERICAL” MESMERIST

Writing about Hitler in his parish magazine, the Rev. R.N. Pylie, Vicar of Southwold, Suf- folk, Buys:-

"The more one knows of this vege- tarlan, non-smoking, lectotal, hysteri- cal musmerist, the more one feela

Thank God for the ordinary man.

"Had Hitler married a good Ger- enten good German man wife,

it

sausage for his dinner, washed down with a tankard of good Ger- man beer, and smoked a good Ger- mas pipe afterwards, he would probably have been a decent human being."

NEXT CHANGE

AT THE

KING!

THIS IS CIVILIZED

MURDER

Men hunt you........wochen shuT you! They don't kill you... but you wish they would!

JOHN GARFIELD The "DEAD END" Kids

Senetiana Star of "Four Daughters"

S

THEY MADE ME A

CRIMINAL

CLAUDE RAIKS AHN SHERIDAN

WAY ROBSON CLORIA DICKSON

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