1940-05-30 — Page 25

Thursday,

HONGKONG TELEGRAPH

May 30, 1940.

WHAT'S THE P.D.

STAND FOR

DONALD DUCK

UNCA DONALD?

POLICE DEPARTMENT! I'M GONNA HAVE A LITTLE FUN!

HEY-PULL OVER TO THE CURB, SPEEDY.

· I WANTA ASK Y

SOME QUESTIONS!

4~16

Cher 1949, Wall Dimary Productionr

Chancellor of the Exchequer's Warning

BRITAIN FACING MORE TAXATION

LONDON, May 29 (Reuter).-A warning of still heavier taxation was given by Sir Kingsley Wood, Chan- cellor of the Exchequer, regarding the Budget.

He said that all businesses will be liable to a new 100 per cent. excess profits tax.

The Chancellor said that since the Budget was introduced. the whole situation had undergone a vast change, putting all previous estimates of the rate of war expenditure out of date. It was still impossible to give any real estimate but whatever was sure would he willingly pai

The total revenue from taxes. had risen from £765,000,000 in 1986-7 to. £1,200,000,000 to-day and it would be necessary to in- crease the burdens further in the near future.

Future War Loans

into

More people are being put employment and civilian consumption Hence will be strictly controlled. there should be more money in the hands of the people which they I be in a position to lend to the would country.

The Chancellor is now considering what will be the best shape for future war loons.

There is nothing in the new powers of the Government over persons and property which endangers the money in any bank. There will be nothing that endangers savings in any way. On the contrary, the mere firmly and, resolutely we join our efforts together, the safer and more valuable will our savinga be.

Welcomed In Commons LONDON, May 29 (Reuter).-AII

Shanghai Boy

In R. A.F. Casualty List

LONDON, May 29 (Reuter). The latest Air Ministry casualty com- munique. No. 32. contains the name of Flying Officer I.A.C. Peach, who was born In Shanghai. His father is still at Shanghai,

The list also contains the name of Flying Officer E. C. Ford, born in Ipoh.

Both are missing.

EMPIRE'S

Parting welcome! Sir TSUGAR FOR

Wood's warning in the House

Commons of, still heavier taxation. Mr. Pothick Lawrence decluring that the new Government is showing drive

and a sense of gravity.

He said that the Labour would support heavy calls

Party

on the

·workers- except the poorest. He the Chan- added that we wanted cellor to impose en us burdens worthy of the heroism and courage of the B.E.F.

Other members spoke in a similar strain. Mr. Hely Hutchinson

Just war

Boid

+

were

Restrictions

On Aliens

the

BRITAIN

Purchasing Partners

Aus-

D"

WHAT DOES THAT P.D. STAND FOR ON

YOUR CAR?

By

Walt

*POLICE DEPT-BUBI-

WHAT'S IT STAND FOR

ON YOURS?

Disney

THATZIT:: OH, WHY-- ER--

AHEM ---

PUP-POOR

DUCK]

CHINA WAR SERIOUSLY HURTS COASTAL TRADING Unfortunate Year For Indo-China Steam Navigation Company

The undeclared war in China had a far more serious effect on coastal trading than in 1938, declares the directors' report of the Indo-China Steam Navigation Co. Ltd., presented at to-day's annual meeting. `-

dividend

advised. We

PD

DO YOU NEED TO DIET ?

IF SO,

USE ONLY

“MACVITA”

AN IDEAL SUBSTITUTE FOR BREAD NourishingPalatable-Convenient Made only by:

MCVITIE & PRICE LTD. $1.50 per pkt. (12 oz.) 3 pkts. $4.35 LANE, CRAWFORD, LTD.

NAVY IN ACTION IN CHANNEL

British Towns Hoar Battle Sounds

BANKS

THE CHARTERED BANK OF 'INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter 1853 Paid-up Capital .......

01......... $1,000,000 Leserve Liability of Proprietors 1,000,000. Reserve Fund

$1,000,000

HEAD OFFICE:LONDON. Ja hopsgata, E.C.. Sub-Agencies in London 111/12X, Ladanhall Street, B.03.

West End Branchi 14/16, Cockspur Street, B.WI, "Manchester 'Branch:

BX, Mosley Street, Manchester, 2.

AGENCIES AND

Amritsar

Bombay

Agencies:

Clive Strest

Harbin

BRANCHE:

Rangoon

Hongkong

eigon

Ipah

Semarang

Папо

Seremban

Karachi

Shanghai

Klang

Singapore

Kobe

Sitiawani

Kunia

Saumbaya

Canton

Fairle Place Lumpur

Talping

Kuching

Tientsin

Madras

Tongkah

Cebu

Delhi

Manila

(Phuket)

Medan

Tsingtao

New York

Yokohama

Petping

(Peking)

Halphong

Hankow

TOREIGN EXCHANGE and General

or shorter periode in Local or Quier Cur-.

· SAVINGS ACCOUNTS also opened in

SPECIAL TO THE "TELEGRAPH” LONDON, May 29 (UP)! Heavy gunfire from naval units: off the south-east coast heard at

towns this morning Alor Star heightened the anxiety of Hangkak const Britons about the fate of the Batavia There were several months when the company suffered heavy losses and it was virtually encircled British Ex Calcutta

thening home defences to repel what is regarded as an almost Cawnpore not until November that the Far Eastern markets recovered from the disturbing effect pedlunary Force, while streng-

of the European war, the report adds.

be inevitable attempt to invade Calombo Claims have been submitted through British consular offi- preferred cumulative

as already £170,000 stand between cials, It was revealed, for the partial destruction of the Kiawn from snowballing any further England.

The capitulation of King Hamburg Penang deterred shareholders and n dividend, and Hsin Changwo, Upper River steamers, by Japanese action.

for this reason I think one year's Leopold has robbed the Allies have been met preferred interest must be paid but of more than 600,000 troops and Banking Business transacted,

CUTURENT "ACCOUNTS opened - The chairman, the Hon Mr. J. J. while some claims

unofficial British ones still outstand.

do not see how we can do more. Paterson, said:

To make matters worse the Upper It is with much regret that your Directors have to submit a compara- River steamers "Kinwo" and "sin As usual the Directors have drawn no opened the door to Zeebrugge FOXED DEPOSITS received med aud

is anything held in suspense, kirk, last ports in Belgium and application. tively poor report for 1939 though (Changwo" were set alight and burnt fees. They have not since 1930 nor and Ostend and perhaps Dan-lrencies at rates which will be quoted on

Japanese alt ruid at

When the Minister of Shipping tells North France still In Allied Local Currency and Bierling with interwar confirms only too exactly the gloomy fout during

6th August 1939 though

10 us what we are about receive possession since the Belgians allowed at rates obtainable on application. The Bank's Head Oftes in London view taken by the Chairman a year Ichung on

had been holding the section undertakes-Executor & Trustee business. Ro, one shared later by "Fairplay" lying a neutral safety zone pre-shareholders will be

nad claims recovery of British Income it one may judge from an issue of viously communicated to both com negotiate just now,

stretching from Menin to the Tax overpaid, on terms which may be batants. I am very sorry to say that last December.

The year began quile satisfactorily two of the Chinese crews were killed European for our consting service considering and others, Theluding

wounded. Claims for the difficulties brought about by the Ofleer, were undeclared war in China but during this further damage have been sub- our. Consuler Au March currency problems in North mitted through

German possession of the Channel China gave business a serious set thorities.

Before turning to other., matters back. In other places the continued!

Dollar the Indo-China S.N. Co., Ltd, owes can only guess at from data in Han-ports may make London a silent of decline of the National

to shift nearly all seaborne commerce necessarily meant a fall in the sterling much to the Government of Hong-sard und the shipping papers, "Fair-the Allled front and force Britain to her south-western poris, since value of our earnings at Chinese kong, the Royal Navy and to H.B.M's play" for instance.

Om- Turning to the Accounts Ports and you will appreciate that it Embussy and British Consular

mercantile traffic far could haraES is not possible to make up the differ-einls for the valuable help and co-scives the net balance of Steamers German guns would command the operation always so readily placed at Working Account is shown in Profit Straits of Dover and German planes Channel. These factors, ence by u stroke of the pen.

and our disposal. If this help has bean and Loss Account as £131,046.18.11. With the return of neutral

in and is £150,308.8.0d. less than in down the Japanese tonnage which had left the essential-during--recent years.

slon threat is likely to force Britain- field more or less to British vessels China it has become doubly so since 1939. After providing £72,015.6.48. coupled with the fact that the inva- cases the outbreaks of the European War for depreciation and £33,692.10.11d. or her eastern shores extensive alter hostilities

other Liabilities there. for competition was felt and to add to and the Indo-China S.N. Co. Ltd. in mains a credit of £26,239.1.8d. With ly, would rob London of most of her

Max oleos 20.351.14.0d. sea trade. He credit this the Japanese forces extended very grateful.

The their blockude of the coast. blockade of the Tientsin Concessions and the appalling floods there last Summer will be fresh in your minds. Effects Of Two Wars

broke

out

New Ship Building

The Year's Accounts

Branches.

1. A. CAMIDGE,

I am sorry I cannot give you more North Sea, north-west of Zee-scertained at any on which may be definite information to-day. I have brugge. only been able to give you come of the main Items of expenditure, What we might hope to receive wel

them-

re

Trade Threatened

brought forward from 1938, Transfer Death Of Noted

Actress

the

Gis

Reserve

£14,876.14.0d.

for

and

stage at

Manager.

Meets All MODERN Requirements

In feminino hygiene the con- sideration of safety is of first importance, Happy and fortunate is the modern woman who goes about with an ease of mind in knowing that her personal prob- lem is completely solved by this. most modern method, Stlilman's. STILLMAN'S

is especially prepared to meet all modern requirements.

It's the safest over used, Effective Harmless-Greaseless Stainless-Deodorizing-Easily

and Accurately applied.

STILLMAN'S SUPPOSITORIES

the Fees of £20.18.74. and the net gain It is also very grateful to

the Floating and Shore staffs who have on units sold of £18,305.13.0d.

Appropriation and balance available in carried on with that loyalty effelency on which the Company can Account is £04,023.7.34. Entire Future Exports

The Directors regret they cannot Invariably count in times of peuco or

prudently recommend the payment Madame De Navarro Of In June Swatow, one of our main moments of stress. Purchased

Victorian Era-Fame No new tonnage was added to-the-of more than the Preference Dividend ports of call, Tell" to the Japanese LONDON, May 29 (Reuter). Later British vessels were allowed to said a new "Hinsang" is due at the They

Navy and normal trading ceased. feet during 1939 though us. I have for 1927,620,000.0.0d.

LONDON, May 29 (Reuter). with £10,- --Arrangements have been com-call once a week but only for pusse end of the year, financed by a loan to plated to purchase the entire ex-gers and to carry stores for the Eur-from the Hongkong & Shanghai 900.0.0d. to Special Repairs and Re-Madame de Navarro, who, as

Incurred on her during a balance of the present burdens do not sufficient ports of the coming seasons of opean community. Canton remains Bankdag Corporation. No expendi-pewals and to carry forward to 1080] Mary, Anderson, was a noted

closed. It is not to be wondered at ture was

£10,740.13.34.

actress and beauty in the Vic- MEDICATED JELL Balance Sheet, Dealing with the therefore, that for several months in 1999. ly restrict individual spending, but the sugar production of

the Union of South the middle of the year the Company As mentioned in the Report the Book Value of Steamships etc. torian era, died to-day, aged 80. he feared that a 100 per cent. excess tralia,

She retired from the stage In 1830.1 "Hangsung" which was bullt at the has

£1,017.- been reduced from profits tax would lead to as extra-Africa, Mauritius, Fiji and the suffered serious losses.

Born in Sacramento, California, uf of the century and

de- The outbreak of the European War beginning

haa 000.0.0d by £72.015.6.4d. vagant a

a capital expendilure as the British West Indian colonies.

This was announced to-day in the as might be supposed had a disturb passed her economic life was sold to precisition and the value of the two a mother of German descent and an sold (£4.984.13.8d.) and English father, she was idle and un- Rare Reaction

House of Commons by Mr. Robert-ing influence and it was not until run elsewhere. New ships are still

Dessels the markets

required to replace older ones but stands at the conservative-figure-of successful.at school.

Succossos Mr. Crookshank, replying, said Boothby, Parliamentary Secretary to November that

covered and rates began to rise. Al- the financial future is so obscure that £940,000.0.0d. I need say nothing

Brilliant Su that it was surely rare for so heavy the Ministry of Food, at question time, together the dimeattles of the year nothing more can be done just now about Current Assets beyond stating She began her life on the a taxution to be welcomed so whole- The total quantity involved was

modern passenger and that 208,768.18.3d. for Accounts Re-the age of 16 and was immediately heartedly.

Unnecessary capital ex-about 1,750,000 tons, of which the proved greater than ever for British The seven

was Shipowners on the coast. Turning to cargo coasters we acquired in recent ceivable and Agency Balances has successful. She left the stage at 28 penditure would be difficult under United Kingdom proportion

our Sandakan trade, hostilities in years have proved themselves most been accounted for since the end of and refused many flattering offers to return. She was back on tlie China were felt here too and the re-successful and wo must depend on the year. the power the Government now had about 1,250,000 tons.

the to prohibit the use of materials or

sults were again disappointing. them to carry on for the moment. With reference to the liabilities, stage in 1915, acting only for men. Moreover, the people

The "insang," to which reference The loan with the Hongkong & General Reserve has been increased purpose of helping to raise funds for now opposed to the sort of thing that

The arrivals of the sugar in the was made just year, had given mony Shanghai Banking Corporation for £220,000.0.0d. by transferring war charities. wrote Sho

a book,

"A Few happened in the last war, and it was United Kingdom would spread over years of useful service but was now the four ships acquired two years 220,000,0.04.

Appropriation from

1930, on peoples' patrialism that the Gov-a long period beginning in about two past her economic life. Rather than age was reduced from '£270,038, 13. Account. Under Unappropriated Memories." in 1890, and in

another, "A Few More months, and would not, therefore, ineur heavy and recurring expendi-td. on the 31st December of 1938 to Profits is shown the carry forward to wrote ernment relied.

collaborated with The Finance Bli was rend necond

affect the immediate sugar supply. tule she was cold for breaking up 1 £204,881. 12. 2d. a year later and 1940, of £19,740,13.3d.

In Contin- Memories." She

dramatising The Canada and New Zealand

asshice the

in were was necessary to replace her

beginning of 1040 it hos time without division.

gency Reserve payments amounting Robert Hichens partners with the United Kingdom mentioned in the Report a contract been further reduced.

to £7,801.12.78. were made during Garden of Allah." Government in these purchases. Both was signed before the outbreak of

In 1800 the married Antonio de May Be Requisitioned

year for Special Repairs Dominions had shown the utmost co-the European War with the Hongkong

Renewals. After transferring e10-Navoro, who died in 1932. Sho operation,

for u added Mr. Boothby, and & Whampoa Dock Company

Government has commandeered or 000.0.0d. from Appropriation Account leaves a son and a daughter. much motor timber ship and with the heavy requisitioned much British Shipping this Reserve stands at the slightly nogollations had been facilitated by the helpful nititude of increase in building prices since then ta the riptional interest. The first higher figuro £13,788.4.24. the exporting Dominions and colonies. Supplies of foreign sugar were also

purchase. purchased when It was necessary to

deficiencies from tions generally were

last we were by the in and is supplement the

for the

of Shipping that our Cal- to meet any accidents not covered by Empire sources, and this policy would first half of the year but improved cutie and Coasting vessels, but not insurance. Current Liabilities have LONDON, May 20 (Brillsh Wire- be continued in future..

later. The Indian end was the back- bone of this service. The continued the Yangtze River Fleet, would be fallen from £389,737.7.7d. to £203,- less) Asked in the House of Com- emigration restrictions in the Straits brought into the Liner Requisition 817.2.1d: due chiefly to the reduction mons whether numerous neutral, and £00,037.0.108. In the loan from Dutch ships in Hotterdamn harbour OL again made Scheme from the 1st of May.

Requisition does not imply that our the Hongkong & Shanghai Banking were evacuated in time not to fall heavy inroads in our native passengers will be withdrawn from Corporation. Further re-payments

info enemy hands, the Financial busines while exports from Japan their normal employment though the have been made contingent Liability sister to the in direct Brunt

Government

power to do 30 of

The

was no British Difficulties Yangtro

whenever necessary,

Intention at for Cumulative Preferred Dividends control over Dutch or neutral vessels, The Company's Yangtze steamera May 29 (Reuter).---

the moment seems to

ships sailed and wero be that the from 1928 to 1930 inclusive still re- All shall be subject to curfew from Reports from Germany indicate the and lighters, except for a few small Company will maintain its normal mains at £178,520.8.0d. Your Direc

craft which operated for part of the services but will run the steamers lors regret it has not been possible) afforded every facility for reaching:

sin. Allied: port. 10.30 pm to 6.30 nm. throughout shortage of skilled labour.

Many women have bem drafted time on the upper reaches and in the for Government account, in other to reduce it... the country, or midnight to 6 am. In

With these remarks Gentlemen, -1 Delta, were laid up throughout the words that for the duration of the the London Metropolitan Police lis-Into heavy industries,

German newspapers arry adver- year for, as you know the Tangiszewor trict.

port and Statement of Accounts us If an allen slays the night in thements for women drllers in ship-is still closed. These river ships war the main profits will go to the have now to propose that the Ro-

make up a third of our tonnage and Miletry of Shipping.

Some of you will recall the profits presented be adopted, that a dividend private house, the occupier must re- yards.

of the last war but conditions to-day of 6/- per shire on the Cumulative their enforced idleness was a serious

different, Then the Preferred Ordinary Shares for the burden.

It still is and I cannot ernphaatze are vastly too strongly the heavy drain these Company was permitted to retain the year 1027 be paid, that 220,000.0.0d. 29 (UP)-Two convicts, one French lille vessels are on the revenue earn-substantial earnings on its river ships be transferred to General Reserve,, and the other Italian, who escaped ing portion of the fleet, or will be on with Blue Book rates on those re- that £10,000,0.0d. be transferred to from Devil's Island, arrived

To-day the river Reserve for Special Repairs and Re- Truxillo to-day after incredible hard- le of quisitioned.

rates which the Minister of steamers are Infd up, that third of nowale, that 210,740,15 3d. by carri- ships in a small boat.

year's account and that They wore apparently trying to. reach Mexico but have been detained consider only the Coast, Calcutta and our tonnage already mentioned, and ed to mexi The curfew applies to all the | THE COLOURS ·

Sandakan aleamers. Unfortunately while we do not yet know what rate the dividend on shares on the Hong-

the-rate here, I there can be no change for the better of hire and percentages for deprecia- kong Register: be:.pald mans and Austrians who were freed LONDON, May 20 (Reuter)In until so Yangtaze is re-opened to ilon and profit the Minister may of 1/2 per dollar, being the T. Kirby, A. C. Wilcox, D. Tod, A.

pliew us on the other two-thirds rate of exchange on 31st December

M. da Silva, N. LAH. Rallion, Chan by the Tribunals from special restric-reply to a question in the House of unrestricted trading. tions, as well as from internment. Commons to-day, Mr. Clement

Messrs. H. V. Wilkinson and the Wing, M... Lo. I. A. Bosanquet, The Company has been singularly which work for him we do know that -1939 Attlee, Lord Privy Seal, stated that unfortunate on the Yangtze since ioso. Incomings will have to fine Hon. M. K. Lo were re-elected J, Paterson, Chul Sul-nam, PC.

expenses, recurring 10,800 volunteers from northern Ire-hostilities broke out Shareholders Yangisze !",: !; OTTAWA, May 30 (Router)M and had joined the Ballshi fighting will recall the Wuhul bombing in charge and the debt to the Hong directors, Meista John Fleming and Hall, J. Fleming, D. Lyon, or eldent of December 1937 when "Tuck- kong & Shanghai Banking Corpora Alchio again appointed, auditors. Gumpertz P. C. Mansfield, JC The following shareholders were Taylor, H. V. Wilkinson Lo Yuk Mackenzie. King, the Prime Miniator services since September. 61 Canada, taking the OppositionNo guros regarding Eire were wo and the Hulk Madres, were lon for new tonnage as well.

destroyed by Japanese action..and Ithink it quite essential that the present d the meetingMessrs. W. long. Available leador" into lili confidence;

Further Measures Announced

LONDON, May 29 (Reuter),-Fur- ther restrictions on allens of all na- tionalities are announced by Home Office,

The SKILLED LABOUR

From June 3 no allen over 18 years shall possess bicycles, motor vehicles, seagoing craft or acroplanes without

a police permit.

SHORTAGE

LONDON,

port his arrival to the Police.

There has been trouble over wages and workers have been imprisoned for unpunctuality.

Aliona In Britain

SPECIAL TO THE "TELEGRAPHI LONDON, May 29 (UP)—It 18 estimated there are about 200,000

of now in Bri-

tain, of which about holte ULSTERMEN JOIN

London.

estimated 63,000 category "C" Ger-

the Company has made an excellent steps were taken with ahlps ru- Underwalling Account at £37,- SEVERAL DUTCH

On the Calcutta Japan Line condi-istered in the United Kingdom but 350-11.86., er als nsfered suncient

and the war In China

declined.

poor

Ministry

SHIPS SAVED

Convicts Escape

SPECIAL TO THE “TELEGRAPH" TEGUCIGALPA, Honduras, May

ot

are especially prepared to suit the convenience of the modern woman!!!

+

Fifteen dainty, medicaled sup- positories packed in a small box, may be easily tucked away in the.. over-night bag for travelling equally pleasing for home use too. STILLMAN'S SUPPOSITORIES.

Contoln Quinino Sulphato, Oxyquinoling Sulphate,

Salicylic Acid, Boric Acid.

... .

Sold at all Drug Stores Distributors Auw Plt Bong's Trading Co., Ltd.

METROPOLE HOTEL

CENTRAL CLEAN "COMFORTABLE - ÜREPROOF

Page 25Page 26