1940-04-04 — Page 29

Thursday,

HONGKONG TELEGRAPH

DON'T BE SILLY--- YOU LOOK ELEGANT IN

April 4, 1940.

By Ernie Bushmiller

LOOK!--- HE DOESN'T SEEM

TO MIND IT

A BIT!

ZERNI -EXLAMAYA

NANCY

WHY, LOOIE--- YOU LOOK

UNHAPPY-..

WHAT'S WRONG

AW --- I'M TIRED OF ALWAYS

WEARIN' THESE

HAND ME-DOWN

CLOTHES!

IT'S AWFUL WEARIN' STUFF A MILE TOO BIG FOR

YA!

THEM --- YOU SHOULDN'T

LET IT BOTHER

You!

Dulkee Testery Bradlanka Žas,

525252525252525

Jel. 28151.

TOPEES

FOR

INFANTS,

GIRLS & BOYS

No Recognition For Wang

British Attitude Is Clearly Stated

BPECIAL TO THE "TELEGRAPH** LONDON, April 3 (UP),In the House of Commons to-day, Mr. IL A. Butler, Under-Secretary for Foreign Affairs, reaffirmed that Britain will not recognise the Wang Ching-wel regline.

He stressed that British policy will be to

to continue in accordance with the Nine Power Treaty and "to keep in step with the United States and French governments.”

"However, 'Ue Government sees no objection to improving relations with Japan," he added.

NAZI PRISONERS OF WAR

LONDON, Apr. 3 (British Wire- less). A further at of four members of U-boat personnel now prisoners of war in Britain was announced to-day. This list brings up to a total of 362 combatant prisoners of war, of whem a great majority were from the crews of German submarines.

Exchange At A Glance

SELLING

T. 'London

Demand

T.T. Shanghal T.T. Singapore

TIT.

Japan Endin

T.T. U.S.A T.T. Manila T.T. Batavia

T.T. Bangkok

H.K. Fire Insurance Company's Meeting

Eminently Satisfactory Year's Working

"The result of the Company's working for the year 1938 which we now present to you is eminently satisfactory," said the Hon. Mr. J. J. Paterson, presiding at the annual meeting of the Hongkong Fire Insurance Company, Limited, held at Jardine Matheson and Co., Ltd. at noon to-day.

1/21

1/2日

350 .5211⁄2 924 .82

2131

43

40%

.150

100% 10.85

...07 1/0

BUYING

4 m/s L/C London

1/3/

| Ritchie.

4 m/s D/P

1/31/4

4 m/s L/C U.S.A.

4 m/s France

30 d/s India

.22% .11.40 ...84

T.T. Saigon T.T. France T.T. Switzerland T.T. Australia

U.S. Cross rate in London 4.02 U.S. Croz rate in N.Y...3.50%

VALLETTA, Apr. 3 (Reuter) The Governor and Commander-in-Chief of Malta is suffering from pneumonia but a bulletin issued to-day said that his condition was satisfactory.

POST OFFICE

INWARD MAILS Calcutta, Straits and Saigon..Apr. §. Canton

...Apr. 4. Shanghal

Apr. 4. Air Mall by "Imperial Airways Dleect Service" London date 27th March. Apr. 6. .Apr. 0. Apr. 5.

Straits Japan.

Shanghai

Straits and Salgon ... U.S.A,, and Manila (San

dute, 28th Feb.) Australia and Mantis

.Apr. 5.

Apr. 5. Francisco

.Apr. G.

Hongkong

.Apr. 0.

Tates 01 Europe via Suez and Straits-Lon- don date, 2nd March),

.Apr. 6.

.Apr. 6.

Apr. 6.

Apr. 6,

Others present were: the Hon. Mr., reduced showing of our takings at M. K. Lo, Mr. T. E. Pearce, Mr. C. Shanghai and the Northern Agencies,

into converted Bernard Brown, Mr. A. H. Complon, when Mr. J. H. Taggart, (members of the Dollars at present duy Consulting Commn.ttee), Mr. H. W. exchange. Dulley, Mr. D. V: Steavenson; Mr. D. A comparison of ratios as between Japan and Shanghai Hom, Mr. M. H. Lo, Mr. S. Hampden 1930 and 1937 reveals the following: Shanghai Ros, Mr P. Tester and Mr. A.Lowes 45.91% as ngainst 81.74%, Straits

Charges 40.15% and 37.07% leaving |

*

OUTWARD MAILS a balance of 13.94% as against the The chairman said:

Thursday, April 4 The result of the Company's work-extremely narrow one of 59% 10% Shanghai and Japan.....4.30 p.m. for the year 1938 which we now 1037. The rate for Sterling Exchange Parcel only for Straits 5 p.m. ing present to you is eminently satistae-remaining at 1/274d, no change took Manila, Australia and New Zealand via Thursday Island-due Thurs- tory, the Account having run out with place in this respect.

day Island, 17th April

K.P.O. Reg.

a credit balance of $609,420.70, the 1th best we have had. This is the torc

Optimistic Outlook The balance at credit of 1030 Account - alter

thatliying in view of the fact working

income fell by just

at Satie

the

twelve

.5 p.m. .6.30 p.m.

Ord.

G.P.O.

Reg Ord.

.5 p.m. 7.00 p.m.

7 p.m.

Friday, April 5

over $120,000, as compared w.in that months-stands at $653,506.82, a de- This is due to Stage, revenue

due to wus

a still further pruning of our Sterling received during the year 1987; tins crease of $108,855.38 on that for 1038 drop in material curtailmem of our Sterling transactions and the yet lower ex- Amoy operations und also to the greatly change at which both Premium in-

12.30 p.m. come and Interist, emanating from Sandakan China sources, have been taken into Fort Bayard and Hollow..1.30 p.m. our books. We are optimistic how-Straits, Ceylon, India, Mombasa, that unless anything particular- Beirn, Lourenco Marques, East unforeseen occurs, the outturn ni the end of this year may not fali Haiphong

Introducing the new

Flying Standard

Four-Door 'Eight"

An Entirely New Model

Independent front wheel suspension

• Four-door-four-seater all steel body with_ample_luggage accommodation

Built for Economy

Low Tax

45.

48 miles per gallon

BUILT FOR ECONOMY.

PLANNED TO PRESENT DEMAND This new FLYING STANDARD model is a brilliant example of the Standard Motor Company's expert PLANNING TO DEMAND. Look through the specification of this new FLYING STANDARD "EIGHT" and see how carefully the designers have incorporated the very qualities made necessary by to-day's and to-morrow's motoring conditions. See how ECONOMY has been studied and concentrated upon - what other car of this "Eight's" accommodation gives you 45-48 m.p.g. Look at the ROOM you get no crowding, front or rear, plenty of space for head and knees. This car is a GENUINE FOUR SEATER, and is, furthermore, equipped with a substantial LOCKER to take care of a really practical amount of luggage. Notice, too, how satis- factorily the excellent designing of this car from a functional point of view has resulted in its exceptionally pleasing appearance. The low height, for example, of the all-steel body, planned to eliminate footwells or running boards, gives a grace which belies the roominess within. And last, but by no means least, consider that this modestly priced car is equipped with a system of Independent front wheel suspension which gives you riding qualities superior to those of many much larger vehicles: perfect steadiness when cornering; and something like contempt for bumps, ruts and pot-holes.

FAR EAST MOTORS

NATHAN ROAD.

TEL. 59101

KOWLOON.

ever

far short of that for 1930.

und South Africa

.2.30 p.m. 3.p.m.

Salarday, Apr. 6

The surplus to be dealt with is Parcels only for Shongbai..2.30 p.m. the balance. of 1930 Parccis only for Shanghai and Ten-

Esin now recomiend and we

the payment of $11 per share, absorb- Shanghai ing $410,000, the appropriat.on

of Japan x

$100,000 to Re.nsurance Fund and Fort Bayard that the balance of $120,429.70 be Air Mall for transferred to investiment and Ex-

change Fluctuation Account.

This represents a cut of one dollar per share in the dividend and much as we regret having to advocate it, we feel shareholders will agree that, in view of the heavy shrinkage oi over $80,000-or $2 per share-in income from Interest, this course is only wise. Here again this shrinkage is due almost entirely to Shangnal Exchange which fell from 180 at the end of 1938 to 310 as on the 31st December last and now stands at 350. Shanghai Position

our

соп-

It will be borne in mind that we are essentially an Eastern Company, Incorporated in Houghtong, and that, certainly over the first forty years of existence, the buik of our income was derived from Shanghai and China generally. This being so, it is only natural that we should have siderable investments in Shanghai in the shape of Debentures and

I think I can say class Mortgages; without exaggeration that there is no record of our ever having made a loss over them in terms of Shanghai dollars, either in respect of principal

Arst-

.5,00 p.m.

.5.30 p.m.

.6.30 p.m.

"Imperial

.5.30 p.m. Airways

Direet Service"-due London, 14th April,

G. P. O. and K. P. 0. Itex..

Apr. 6, 5.00 p.m. Ord.........Apr. 6, 5.30 p.m.

Air Mail for Manila, Guam, fonolait and U.S.A., by the "Pan American Airways Direct Service"due San Francisco, 14th April.

K.P.O.

Reg,

Ord,

Rek.

Ord,

........Apr. 6, 5 p.m.. ..Apr. 6, 5.30 p.m. G.F.O.

..Apr. 6, &'p.M

..Apr. 8, 7.30 am.

Prison For Communists

French Authorities' Drastic Action

PARIS, Apr. 3 (Reuter).-Twenty- seven former Communist Deputies, whose trial has just concluded, were or interest. This is still true to-day sentenced to five years' imprisonment but, In terms of Hongkong. dollars, and five years' loss of civil and poll- the Shanghal currency is by no means tical rights.

want it was.

They included Florimonds Bonte, Turning to the Balance Sheet, I Secretary of the so-called Workers to the and Peasants Party, which was farm- have to call your attention tronster of a further $500,000 that weed after the dissolution of the Com- have been obliged to make fron munist Party. Reinsurance Fund to Investment & Exchange Fluctuation Account in order to put the latter Reserve in tories of a

Appeal For Peaco

Bonte was one of the two signa-

letter addressed to M.

funds to absorb the depreciation on Herriot, President of the Chamber, in

Shang

investments. The toll of October asking for immediate

peace

this depreciation over the past two negotiations.

опе This letter formed the principal years is approximately, about and a half million dollars and our bus's of the prosecution.

Shanghal holdings to-day, 03

re-

Eight of the accused "were sentenced

presented in Hongkong dollars, but to four years with the benefit of the Act. They will, one fourth (4) of the figure at which First Offender's

they stood two years ago. However however, be transferred to

u serves as adjusted-are still centration camps.

in a strong position and more than

con-

The remaining nine accused, who tried In their

adequate to care for any, strain that have fled and were

may be placed on them by the volume (absence, were also sentenced to five of business wo transact."

The Future

I think you will agree that the less

years,

said about the future the better as it MORE WARSHIPS

is quite impossible to anticipate events at the present time. In- {surance

IN

ALL SIZES

from

છે.

$4.75

Children's Department

LANE CRAWFORD'S 25.52

The House of Quality & Service

"It's just as fresh in the East as at home"

BONDMAN

..each ounce of Bondman is in Vacuum Tins

FOR FRANCE RICH

RUDDY

Out East in the hottest of climates, or

in those parts where it is dampest, Bondman Tobacco is always in first IN rate condition. The secret of its freshness is that every ounce is VACUUM protected from heat and moisture la

SEALED

in no-wise neo dificulties are

Vacuum Sealed Tins-the only satis- PARIS Apr. 3 (Router).-M. Cesar lessened with over-increasing com- petition and vexatious legislation, Campincht, the French Navy Minister,

factory method of retaining its fine full VIRGINIA favour, Buy Bondmaa to be sure

pille taxation in all great 18 ad-stated before the Chamber Naval

vancing by leaps and bounds; I dere say all company legislation is vexa tious, but perhaps it la: for our food and we are merely unappreciative. Still we carry on and so far have no reason to be discatisfied with results for the first three months of 1040,

Commission that it had been decided to lay down n further number of warships of all types amounting to 200,000 tons.

French Shipping Losses

M. Camninchi said that the average monthly, French, tonnage sunk by U- More work than ever devolves i bonts was only half the tonnage sunk unan the Staff and for this reason the in September. usual bonus of 15% has been granted; I trust you will approve.

German air attacks, of which there have been several hundred during the I now promote the following Re-last seven months, have destroyed not rolution:-"That the Report and more than 25,000 tons of shipping. Accounts, as presented, including the

payment of a Dividend of $11 per The following members of the Con-

LLOYDS!

TINS

BONDMAN TOBACCO

PACKED IN VACUUM SEALED TINS

Kishord Lized to "Smá (Dymak af Crie Brás, & Ch. 238,), 83, Clerkémonů Road, London, 11,01

SALVAGING FOR POLISH PROTEST

SHIPS REJECTED SCUTTLED

thare, an addition of $100,000 to ultime Committee were re-elected: Reinsurance Fund, the transfer of The Hon. Mr. M. K. Lo, Mr. C. B.

SPECIAL TO TRE "YELEGĦAPHY!. FBPECIAL, TO THE “TELEQNAPIŲ! $129,429.78 to the credit of Invest- Brown, Mr. A. H. Compton, Mr. T. E.

lón Dan T H. Toggart -and

MOSCOW, April 3 Fluctuation

Mr.

(UP)-AL- GENEVA, April 3 (UP) —Lidian- & Exchange ment

tempts will be

by Soviet nie, has rejected a Polish prote Account and the payment of bonus S. T. Williamson.

who puts Moners. Lowe. Bing-salvage vessels to raise six Finnish which was lodged five months ago. to the Staff of 15% upon their valor-

ham and Matthews and Mesers,shilps which, it is alleged, the Fines

Peland protested from France at lex be adopted and passed,'

The motion was seconded by Mr.Perev Smith, Seth and Fleming were deliberately scuttled in the Bay of

Koivisto prior to evacuation. Steavenson and carried unanimously, reappointed.

made

the cession of Vlinn by Soviet Russin.