Wednesday,
HONGKONG TELEGRAPH
June 25, 1941.
5
STRONG SOVIET RESISTANCE William
NEW STOCKS OF
ADMITTED BY THE GERMANS Powell K SHOES
-A SEA FIGHT IS REPORTED TO ANKARA, JUNE 24 (REUTER); BE GOING ON OFF THE BULGARIAN COAST (BLACK SEA),`ACCORD- ING TO RUMOURS FROM VARNA, SOVIET CRUISERS, DESTROYERS AND SUBMARINES ARE SAID TO BE FIGHTING GERMAN AIRCRAFT, BUT THERE IS NO CONFIRMATION. THE GERMANS ARE KNOWN TO HAVE MINED THE BULGARIAN AND RUMANIAN COAST, BUT THEY ARE BELIEVED TO HAVE LEFT A NARROW CHANNEL AT THE MOUTH OF THE BOSPHORUS UNMINED.
Axis sourcos hore admit that the Germans are meeting vory strong opposition in Bukovina and state that the Russians are not fighting a defensive battle but are attacking.
Russian sources toll of a huge air battle all along the front with the Soviets holding their own.
Reports from Bucharest stato that a Rumanian column from Galatz advanced eight kilometros towards Tarutin, due south of Kishinev.
Russians here, however, as- sert that the Rumanians are not participating in the fighting, being held in reserve,
Rumanluns claim that they have crossed the River Pruth at Galatz, Jassy and Lippani. They say that the most northerly column is headed in the direc-
tion of Kiev and another two towards Odessa, which is about 150 miles from the present frontier.
Need Labourers
that the Germans here boast campaign will be over in six weeks when, they say, they will have oc- cupied White Russia, Ukraine and the Caucasus.
Sea Battle
Sweden
Off South Reported
Special to the "Telegraph"
STOCKHOLM, June 24 (UP),-Vigorous detonations which are believed to be the result of gunfire and aerial bombard. ments were heard last night and this morning off the Swedish south coast, particularly the Island of Gotland, and as far Stockholm.
It is belleved a naval battle is in progress.
South of Helenshi NEW YORK, June 24 (Router).— They say that they need Russian A sea battle south of Helensk! is re- prisoners as labourers for the Reich ported in the Swedish newspaper since French prisoners of war are "Allelanda," according to a Stock- Gunfire has been unruly."
useless because they are "tired and holm despaolm and the Swedish
Moscow Claim
heard Gotland. island of NEW YORK, June 24 (Reuter). German aircraft are reported to and "The enemy's attacks are being have bombed Tallin. Helsinki
have Moscow other Finnish coastal towns successfully repulsed," Radio announced to-day according heard distant explosions from the across the the Columbia Broadcasting Sya- direction of Esthonia
explosions are Baltic. Smoke and tem
also reported to have been seen along the Esthonia coast.
to
Wo congratulate the herole Red Army on its first milltary successco," the Soviet announcer added,
Soviet Planes Raid VICHY, June 24 (Reuter)-Soviet planes have carried out two raids on the Rumanian Black Sea port of Constanza, states a Rome dispatch.
town of The important Danube Galatz has also been bombed,
One Soviet plane came down
the Rumanian territory, adds.
ost
dispatch
Finns And Poland
Konoye Addresses Nation
Japan Will Go On
ક
Exchange At A Glance
SELLING
*TT. London Demand London T.T. Shanghal 1.2. Singapore
TVT.
T.T. Indin
T.T. U.S.A T.T. Manija T.T. Batavia
T.T. Bangkok TT. Salgon
BUYING
.1/2% .1/2
440
.6232
10312 620%
.484
.434
1401
104
.1024
.1/8/
1,31
TVT. France T.T. Switzerland
T.T. Australia
4 m/s L/C London
4 m/s D/P London
1/3
4 m/s L/C U.S.A.
4 m/s Franca
30 d/o India
.25
.84%
U.S. Cross rate in London 4.0214 U.S. Cross tate in N.Y,
FINANCES
OF CHINA National Conference Concludes
Meeting
Trade Maintained
Although trading ednditions during the past your were rather difficult, a satisfactory result of the year's trad ing was placed before shareholders at the fortieth annual meeting of Messrs William Powell, Limited, held at the offices
of the Company at 12 Des Voeux Rond Central this afternoon. Mr E. M. Raymond was in the Mr Chair, and he was supported by 11. Overy (Managing Director), and Mr S. H. Ross' (Director), Mr W. L. Alexander (Secretary), and Messrs J. C. Saunders and P, A. Yvnnovieli (Shareholders),
Mr. Raymond said: Your Directors are pleased to place before you ne- counts showing such a satisfactory result of the year's trading. The balance from General. Working Ac- count for the year shows an increase over last year of approximately $8,- 000. Against this however now the ilem of expenditure appears in Profit and Loss Account in respect of War Taxation for the taxation years 1040/41 and 1041/42. Tax for the year 1940/41 amounting to St.- 307.10 which was based on the Com- pany's Profits for Inst year has been puid. In addition to this charge your Directors have considered it prudent to make full provision for tax for the taxation year 1941/42 which will be tased on the profits of the Company for the year to February 20, 1941. This lias been estimated at $4,300. The net pront for the year carried to the Balance Sheet after making this provision shows a decrease of up- proximately $800 on last year.
Replacement Of Stock
during the
*Tradlog
conditions
fur
Hv
CHUNGKING, June 24 (Central News)-After remaining in session for nine days, the Third National Financial Conference was concluded to-day. The 6th and last plenary scasion of the Conference was held past year have been difficult and as this morning, presided over by Mri indicated in my speech from the O. K. Yul, newly-appointed Political Chair last year the question of stock Vice-Minister of Finance,
replacements has given your Direc- Among the resolutions adopted tora same cause concern. By were the abolition of the system of far the greater part of our stocic in surtax, liberal assistance
and orders to local imported from England finance, further extension of credit have to be placed with our agents loans to farmers and the provision and suppilers there many months in of their refunding in
in products. SPECIAL TO THE "TELEGRAPH"
The Conference pledged to sup- The difficulties of obtaining ship- 24 (Domel).—A TOKYO, June
from Generalissimo Chiang Kai-shek in these troublous stirring appeal to the Japanese and nort and carry out the instructions ping space from England to Hongkung
put by the from Chence Famimare Konoye, as contained in his speech of admoni itnown and your Company has not Premier Prince
tion, and to co-ordinate financial, In a radio speech to-night.
than other concerns in the Prince
brief: land and food policies with the viewbeen any more fortunate in this res
pect Konoye said in "Judging.coolly from the objective to achieving equilibrium in national Colony. It is with considerable satis- viewpoint, Japan would probably be revenue income and expenditure and fuction therefore that your Directors able to use three methods against stabilising the foundation of national
can lay before you accounts showing last year's such a good result of an anance, Carry out China,
Firstly, to
trading. China on the strength in aggression
Favourable Turnover of Japan's actual forces by demand-
д with
to
Dr H. H. Kung
Dr. H. H. Kung, Vice-President of
a
advance.
times are well
the
K
Designed for men
who take comfort and long wear in their shoes for granted, but who are particularly fastidious about the refinements of style that give a flare of individuality. In K Shoes you will find this styling and also find a selection of shapes numerous enough to please even the most divergent tastes.
From $32.50
Less 10% Cash Discount
MACKINTOSH'S LTD.
K Shoe Agents
PRESENTS
FOR
EVACUATES
IN
AUSTRALIA
ARRANGEMENTS HAVE BEEN MADE BY
COOK'S
WHICH ENABLE PRESENTS TO BE CHOSEN FROM CATALOGUES IN HONG KONG AND PURCHASED AND DELIVERED IN AUSTRALIA. FOR PARTICULARS APPLY TO-
ing reparations, territorial cessions the Executive Yuan and concurrent-
I may say that in spite of the and others.
"Secondly, to partition and ruley Minister of Finance, delivered the
compares very (Reuter) LONDON, June 24
of Kiangsl, turnover to date Finland no longer recognises the China together with powerful third closing speech. Mr Wen Chun, Com-dificulties being experienced the favourably with last year. In view Nazis Claim Initiative
present the so-called Imperialistic responded, BERLIN, June 24 (Reuter)-The existence of Poland as an independ countries. These two methods re-missioner of Finance
Upon the motion of 55 delegates, however of the uncertainty of the which have offlelal German newa agency reports ent state and has this afternoon policy of the Fowers
policy which they that the Germans had taken the handed a note to that effect, dating been tested singe 100 years ago in the Conference unanimously voted future your Directors consider that
to support the policy of the Central the conservative
past year initiative on Tuesday after "des- from to-day, to the Polish Minister the direction of colonising China.
Thirdly, in contrast to the two Government and to express its grati- have followed during this
reason they for this perate" resistance by the Soviet army in Helsinki.
The reason Elven la that since foregoing methods, not to deny China tude for the financial measures car or two should be contin
and Lus in some sectors on the first two days'
Poland is occupied and administered her aspiration of independence but to ried out since the outbreak of the recommend that of THOS COOK & SON, LTD. campaign.
Russian Fleet Mover partly by Germany and partly by strengthen her growth and, with full war, especially in raising funds to balance
Russia, the activity of the Legation co-operation
strengthened meet the war expenditure, improving! Account available for
local finances and making appropria-the sum of $10,000 should be emancipateloca
which rests without any practical founda-China or the axis,
to General Reserve
will SPECIAL TO THE "TELEGRAPH"
tions for refugee_relief. various Eant Asiatic peoples and ANKARA, June 24 (UP)-Well tlon.".
In East
to Dr Kung for his stand at $31,000. I trust Share- A tribute The Polish Minister has sent establish permanent peace Informed milltary quarters to-day
delegation holders will approve of this recom- services was paid by Finish Asia. asserted, that numerous units of the
note of protest to the
Third Method Chosen
of seven persons from the Conference mendation and also of the recom fleet including destroyers Foreign Office, Russlan
headed by Mr Chen Chi-tani, who mendation to pay the same dividend and bonus as last year, viz 20 cents and submarines left the harbours for
Polish Protest
"Of the three methods the first two called at the Ministry of Finance. sea after German planes had heavily
LONDON, June, 24 (UP)-It la are those of a conqueror and being
The entire delegation to the Con- per share and 10 cents per share bombed Odessa and other Black Sea
learned from Polish ofcial circles that easy and serving immediate purposes, ference was entertained to dinner by respectively.
Stocks On Hand harbours.
An unconfirmed report states that Finland has sent a note to the Polish are pragmatic, entalling lesser aneri Dr Kung in the evening. many of the Russian craft were pur-Minister, Henryk Hokolnick declar-flces. Why, then, have we chosen by sued
and heavily bombed. The ac-ing that Finland can no longer re-avoiding these the most difficult third an independent method which ordinary people can tion was believed to have taken place cognize Poland as near the Rumanian and Bulgarian state, to which the Pollah Govern- bardly understand? It coasts.
ment has protested. Russian Destroyer Hits Mine SPECIAL TO THE "TELEGRAPH" BERLIN, June, 24 (UP)-The oficial news agency reports that a Red destroyer in the Eastern Baltic. hit a mine and sank to-day.
Diplomatic Changes
because
the morality of the Japanese nation has dictated it and the main current
of world history has clearly guaran- teed it.
Offence Against Public Health
Turning to the Balance Sheet it will be noted that the value of stocits en hand is approximately $13,000 greater than last year. This has to. a large extent been brought about by the general increase in prices of goods during the past year. Stocks "At the present time when world
changing more swiftly Summoned on a charge of falling have been conservatively valued and events are
are readily saleable.
Sundry Debtors are approximately we could to keep his premises and utensils than the flow of water,
clean at all times in compliance with the same as at February 20, 1940. hardly tolerate East Asia stagnating the Public Health (Food)
Ordin- Full
has been mado for provision in anachronistic idicos and being
of Sdoubtful debts and the greater por- placed in a prolonged state of civil ance, Paut Lee, manager
with Francis Hotel, was fined $50 by Mrtion of the debts outstanding has New Envoy To Brazil strife. We have, therefore,
for the reflection H. G. Sheldon, K.C., at Centrai Magis-since been collected, (Reuter)-Sir open
I do not hink there are any fur- LONDON, June 24, (Reuters und drastic realisation of the Chus tracy, this morning.
Mr Leo-Hon-chl pleaded guilty onther Items in the Balance Sheet ter in Belgrade, has been appointed king influences.
"The world is blocked by war behalf of Defendant.
which call for particular comment. Whitgot Health Inspector E. J. Minister in Washington in succession clouds both in the East and in the
Thanks To Staff LONDON, June 24 (Reuter)-It is to Sir Gerald Campbell, who was west. in nccordance with the In-stated that the Chinese kitchens of
In conclusion I would like to take understood that preparations for the recently made Director-General of herent tendencies of mankind, the the Hotel had been visited a number
Information in the United States.
n new order and of Ulmes and it was found to be un- seeking British mission dispatch of n
Sir Noel Hughes Havelock Charles denying the old order based on clean with an accumulation of rub-this opportunity of thanking Mr Russia are being pressed forward as
In such on bish. Inspector Whitgot added that Overy and his staff for their services quickly as possible and it is expected is appointed Ambassador in Rio de
Mission To Moscow
to
world is
that they will be completed shortly. Janeiro in succession to Sir Geoffrey Plunder and a to dream of a number of warnings had been during the year. I feel I am express-
Sir Stafford Cripps, who is OC- Krox. cupied with further
consultations
age
one must be
Sir Noel Charles is made a Knight any nation or country becoming great issued but they did not seem to take ing the wishes of shareholders in do-
to-morrow without making sacrifices. effect. and discussions in London, hopes to Commander of the Order of St of course we want to minimise the be able to return to Moscow in a few Michael and St George on his ap-ravages of war as far as possible.
pointment.
days,
Vichy Planes Destroyed: Widespread Syria Raids
CAIRO, Juno 24 (Reuter). The destruction of eight Vichy aircraft on the ground, and damage to a very large number of others during raids on Syria are announced in a Royal Air Force communique issued this evening.
Third Parties
Mr Lee said that although legally the hotel should be responsible, the caterer should be blamed as the kitchen was leased out to him.
Mr Sheldon said he thought, the answer would be to employ a new Mr Leo replied that this would
"The fact that this is impossible is! nct due to Chinn's natural Wishes but due to the restraining influence of caterer. extraneous third parties and China's
tho
firmly
natural wishes not being independent
the probably be the case. of In
sense proper believe
that a word. We truly independent country and the true wishes of China with her own! purposes are now coming into form.
from amidst roaring gunfire,
also
Bucharest Alert
ing so. The staff have carried out their duties admirably under difficult circumstances.
I will now propose the adoption of the Report and Accounts as present- ed and when this has been seconded shall be pleased to answer to the best of my ability any question share- holders may wish to ask.
Mr J. C. Saunders seconded this proposal, which was carried unani- mously
2
Mr S, H. Ross was re-elected a Director for the ensuing year on the proposal of Mr. Overy, seconded by LONDON, June 24 (Reuter) Mr Yvanovich, and Messrs Linstead "The future of new China is by Bucharest had a 20-minute air rald and Davis were re-elected auditors to-day, says aut a remuneration of $325 per annum no means plain, while the seas are alarm at 0.40 p.m.
to the German official on the proposal of Mr Ross seconded rough in the path of Japan fac- racssage Ing the Pacific. Historical truth, news agency,
ĺby Mr Overy, A number of hits on flying boats at Syracuse and the dis.
however, finally comes to its natural twists and covery of 15 burnt-out Italian aircraft at Jimma, Abyssinia, are other highlights.
"A number of fighters were Inter- settlement after many "Syria: Aircraft of the R.A.F. cepted above the aerodrome and two turns. The mountain that is raing were shot down while a number of ahead of the battle for truth, how- ever steep and longwinding it may and Australian Air Force were others were damaged.
has only one pass to cros3, active in Syria yesterday. · A "Bomber aircraft attacked Fort
Effeminacy is to be blamed for Squelda.
wavering, due to the length of the large force machinegunned an
"Sielly: Yesterday, RAF nir-
path. norodrome at Baalbek Talin and
attacked craft.
"It may be difficult to tell whether Rayak destroying eight Vichy aircraft on the ground. A very large number of others were damaged and another was at
flying-boats
al
Finnish-Russo Relations Said Almost Normal
Syracuse. A number of hits were we are up or down the hill. Japan HELSINKI, Jung 24 (Router)-Only attack from without made on dying boats as well as on will never forfelt her aspiration can induce Finland to abandon.her noutrality, a Finnish Foreign halfway. It is glory that is lying Office Spokesman declared to-day. We are remaining so until
a hangar and barracks.
Western Desart
tacked and severely damaged Cyconaleas
in the air.
Aerodrome Attached
The harbour Benghazi and an enemy transport in the same area. were bombed on Sun- day night, NA
"A squadron of the AAF, carried "Abyssinia: Eleven Caproni atr
Queen's Bldg.
For Direct Sailings
Hongkong to-
Durban, South Africa
also Hongkong-Rangoon Apply
MOLLER'S (Hongkong) LTD.
St. George's Bldg.
Phonoa: 21455-25764-65
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ahead of ur."
attacked" ho,said. “
of
Visitors To Gaimusho
shots, fred across the frontier, and So far not a single Finnish soldier other incidents concerning which the foreign minister has verbally protest. had crossed the frontier.
Asked for his views on Hitler's ed to the Soviel Minister. The latter statement that the front would extend has promised to obtain explanations.. Communications between Finland from the Arctic Ocean to the Black Sep, the spokesman said that Finland and Russia are almost normal. The
BOMBE
BOMBE
BOMBE
BOMBE
BOMBE
BOMBE
communica
out a machinegun attack on an aero-crafl and four C.R. 32's were found
droms near Home, One hangar and burnt out when our troops entered TOKYO, June 24 (Reuter)The Togarded the front su political and telegraph is working although with a number of other buildings, were Jimmen,
Soviet and Italian Ambassadors call tot multary. Finland did not recor-less regularity, and rail burnt out, several motor transport"From all operations, two British ed on the Foreign Minister, Mir also the term "non-belligerent. She lions are unchanged.
Russian fronalt across the Gulf of vehicles were damaged and one aircraft are missing, and a third Yosuke Matsuoka, separately this recognized only neutrality or war,
Finland between the Soviet and Vichy Glenn Marin was destroyed made a forced landing In enemy afternoon. Each remained for hall Shots Across Frontier
tonicial communique% mention Hango continues as Listin), on the ground.
forritory"
an hour,
BOMBER FUND
CONTRIBUTIONS TO DATE:
$2,254.517.86:
REMITTED TO LONDON: £130,939.19.68
FUND
FUND
FUND
FUND
FUNI
FUND
FUNE
BOMBER FUND BOMBER FUND BOMBER FUND BOMBER FUND BOMBER FUND BOMBER FUND INDEBOMBER: FUNT BOMBER FUND.
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