1941-07-07 — Page 12

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Swan, Culbertson & Fritz

Investment Bankers and Brokers

Members of New York Cotton Exchange

Chicago Board of Trade

Manila Stock Exchange

Winnipeg Grain Exchange

+

Commodity Exchange, Inc., New York

Canadian Cornmodity Exchange, Ine.. Montreal New York Coffee and Sugar Exchange Hongkong Sharebrokers Association Shanghal Stock Exchange,

SHANGHAI, HONGKONG, MANILA and BUENOS AIRES

Cable Address: SWANSTOCK

Under the Distinguished Patronage of

H.E. THE GOVERNOR, SIR GEOFFRY, A. S. NORTHCOTE K.C.M.G. The Hong Kong Chinese Civil Servants' Club

WILL HOLD

A VARIETY CONCERT

INCLUDING

A Four-Act Chinese Historical Play

LEE SIANG JIUN”

KO

AT THE

SHING

THEATRE

On SATURDAY, JULY 12th 1941, at 8.30 p.m. IN AID OF

THE BOMBER FUND

AND

CHINESE WAR CHARITIES Admission: $10, $5, $3, $1.

Tickets obtainable from:—

Hong Kong Chinoso Civil Servants' Club, China Building. Booking at:-tsang FOOK PIANO CO.

one

FUND

Monday,

HONGKONG TELEGRAPH

SUMMER

OUTINGS!

SIGHTSEEING & PICNICS On the Island and Mainland by-Motor

FOR HONGKONG DRIVES BOOK CARS AT THE HONGKONG HOTEL Phone 24758 & 30011

FOR KOWLOON DRIVES AND NEW TERRITORIES EXCURSIONS

BOOK CARS AT THE PENINSULA HOTEL Phone 56463 & 58081..

Refiable Open & Closed Cars

and Drivers--Fixed Rates

20 SEATER BUSES AVAILABLE BY ARRANGEMENT PHONE 27778-9 HONGKONG Hotel GARAGE

Stubbs Road

The

Hongkong Telegraph.

Monday, July 7, 1941.

Wyndham St., Hongkong Telephone: 20015

THE prefix "Special to the Telegraph" is used by the "Hongkong Telegraph'i to Indicate bows which is strictly copyright under the provisions of the Telecommuni- 'cations Ordinance, 1936. Buch news as bears the indication “UP” is received in Hongkong on the date of publication by the United Press Amociations, who re- serve all rights and torbid republications, elther wholly or in part without previous arrangement,

CHINA'S HEAD HIGH

July 7,

1941.

AFTER FOUR YEARS OF WAR

FOUR YEARS AGO TO

DAY Japanese troops. "on manoeuvres", opened fire on the walled town of Wanping, by famous Marco Polo bridge, near China's former capital, Pelping. The garrison regi ment of Chinese, the poorly equipped 29th Army, returned fire.

סנס

irs

*It-duy approxknately 3,000,000 Chinese troops face nearly 1,000,000 Japanese troops over an area' third the size of the United States and are still fighting. This war bas killed more people, caused more human misery, greater shifts population and greater economic dla- locations than any time in China's history, Between one-fourth and one-third of the earth's population has been directly involved in this great battle.

Despite the long series of reverses on the battle flelds, China is prob- ably better off militarlly than four years

Even foreign military observers agree that China now has

BINO.

...Inicio

CHINA'S POSITION

IS BRIGHTEST

more soldiers

under arms, better equipped, much better trained and better led then before the war.

By FRANCIS M. FISHER United Press Staff Correspondent

Simultaneously, there is a strong feeling in inany quarters that a more democratic form of government is essential.

The Kupinatang has drawn up, and the government has promulgated, a plan for institution of self-govern- ment for the country, but whether this will eventually result in a truly democratie form of government is problematical, No doubt it will depend on the outcome of the Asiatic and European wars as well as upon the inter-play of strong internal econo- mic, social and polltient forces.

It is considered significant in this respect that the tremendous cost of the war itself is forcing a more de-

taxation

Shifting the armies from front to front, plus the infusion of a great sent Ching is confiden! she will not government-established Food Ministry mocratic distribution of these costs

number of Central Government train- only be able to maintain her arma- was given wide powers over the con- as evidenced by the new

trol of transportation, distribution programme which will demand sacri-

ed young officers, have largely broken ments production, but also will be and sales at all important foodstuffs. Aces from certain classes who so far down the vicious sectionalism of a able to increase the output of her. semi-autonomous nature of many of arsenals,

converted China's armies and has them into conscious units of the

national army:

☆

have not been forced to contribute The government also called n

Anance national

conterence. The any substantial amounts. boste decision was that the govern-

* ment should collect all land taxes in the future, instead of the money

now the

The problem of feeding the armies going to the provincial governmenta Internationally, China's position has improved rapidly since a year is vitally important and merges with as in the past.

ngo when the Burma Rond and Indo- Four years' experience in fighting the general picture of China's econo~

It was decided also to flant "grain China railway and highway were bonds" collectable in price and repay. closed.. during which time they have often mic situation. fought the Japanese to a standstill

China's position Is

·Generalissimo Chiang Kai-shek's able the same way, which are expect- ed to enable the government to en- and even defeated them, has gone for statement that China's war problem sure that there will be no holding or brightest at any time since the Muk- to improve, the soldiers' as well as is 70 percent economic and 30 percent speculation of rice, heree better dis- den inckient, with China tacitly the people's morale and has destroy- military is a conservative statement tribution as well as feed for the army acknowledged as a member of the (America Britain - China) immense difficulty through and on increase in the government's A. B.C.

front. ed the defcalost superstition that the of the Japanese army was lavincible.

economic problems which is facing actual revenues.

Britain, and particularly the United Tho China at the beginning of the fifth

American And British stabilisation loans, and their care- States, are now committed to real year of the war.

ful and wise administration are and substantial aid to China. In nd- It is generally overlooked that also expected to boost the internal as dition, the possibility of actual mill- Japan has consistently directed its well as external economic altuation in tory aid looms if Japan should con-

tinue her southward moves. China. war effort against China's economy,

MOST striking feature of the fifth anniversary of the Sino- Japanese hostilities, which falls to-day, is the contrast in the tone of the commemorative speeches and writings by the statesmen and journalists of the respective countries. Four years ago, Japan's spokesmen were so puffed up with confid- Prats also are Imminently ence that they referred to the better suited to Chinese defence than China War contemptuously as

for further important Japanese an "incident" which had merely

offensive moves. to be cleared up with charac- teristic Japanese thoroughness

The

positions present

Lastly, Chinese tactles

on

the

as much as against military and poli-

in the tical establishments.

In addition to the great stimulating value in building up China's morale, this new set-up is expected to prove Industrially, China is far more vul- Politically, the strain of four years Important to China's war efforts.

The Increasing shipments of Ame- in the face of historical Chinese present stage of the war-refusing to docility; the Chinese leaders try for decision by enticing Japanese nerable than militarily or politically, of war hins here, as in other countries, spoke grave words, accepted troops to attack them and at the as shown by the fact that Japan led to an increase in the centralisa- rican material, especially plunes, are same time inflict the heaviest possible rapidly either captured or destroyed tion of power and authority as re- expected to more than offset the de- at least 80 percent of China's in- feeted in the Kuomintang's current cline in shipments of supplies from slogan of "obedience to the supreme the Soviet Union as a result of the Tenders."

Russo-German hostilities, casualties without endangering any dustrial plants.

Japan followed with the rapid sel- large portion of the Chinese ormles- was well calculated to make a heavier zure of a large proportion of China's

and raw materials and, than resources drain on Japan's war effort

then with a more or less effective blackade. China's.

hard and nasty facts, and called upon the nation to make one of the greatest defensive fights in the history of the world.

the

To-day, depression has settled upon Japan regarding the China

Admittedly, China's armles are not Even pre-war China had sufficient enterprise; Chungking's stub-sufficient or heavily armed enough light industries to produce the con born and effective resistance is to attempt a sustained offensive, nor sumer commodities she needed, but

almost no Japan has

heavy or recognised and Japan's difficul- is there the likelihood of enough machine tool Industries and was not tles in this campaign are now heavy arms reaching them in the self-sumcient in food, despite

fact she is predominately an agricul- openly admitted. Something near future.

tural notion. has been obtained out of the venture to date, but Oh! so little compared with that expended in men, money and materials. Neither has this adventure in

Hence, China's Immediate, military

CONTRACT How to Play

BRIDGE

Ho

JOSEPHINE CULBERTSON

Don't Always Draw Trumpa!

To-day China faces the fact that problem in entering the fifth year even those light industries she has of the war consists increly of keeping been able to salvage are producing only a tiny fraction of the ordinary all of these armies fighting Japan, consumer goods, such as textiles and maintaining or Improving the pre- paper. The blockade and transpor-HERE is absolutely no truth or nearer a successful conclusion. West tation difficulties prevent the Import: Tone in the so-called rule that did not obilge, however. He dis- China profited Japan politically. sent modest equipment, and feeding ing of any sizable quantities of or- declarer should draw trumps as carded a diamond, and dummy did

dinary goods. has become completely the large forces.

BOMBER

BOMBER FUNNI She BOMBER FUND

estranged FUND BOMBER FUNL

from her former OMBER FUND BOMBER COMBER FUND BOMBER FUND BOMBER FUND friends, the United States and

FUND OMBER FUND BOMBER

FUNG BOMBER

Britain, and has aligned herself FUND BOMBER FUNE OMBER FUND BOMBER

with a European heirachy of BOMBER FUND BOMBER FUND BOMBERUND

Totalitarians with whom she BOMBER FUND BOATA DUND BOMBER FUND

has only one thing in common- FUND BOMBER FUND JOMBER FUND

ambition to destroy her neigh- COMBER PEND BOMBER FUND BOMBER FUND

bours. BOMBER FUND BOMBER FUNE FUND BOMBER FUND BOMBER FUND AMBER

FUND BOMBER JOMBER FUND BOMBER SUNJ BOMBER FUND BOMBAR UND BOMBER FUND JOMBER FUND BETAKROFUND. BOMBER FUND BER FUND BOMBER FUND BOMBER EMAI

UND BOMBER BOMBER FUND BOM

PUND BOMBER FUND BOMBER FUNA PROJE?

BER FUND BOMBER EUBL BOMBER FUND BOMBER FUND BOMBADEBBOMBER FUND UND BOMBER FUNE BOMBER FUND JOMBER FUND BABERFUND BOMBER FUNI BOMBER FUND. BOMBER FUND BOMBER FUNI BOMBER FUND BOMBER FUND BOMBER FUND

BOMBER FUND BOMBER FUND BOMBER FUND

BOMBER FUND BOMBER FUND BOMBER FUND BOMBER FUND BOMBER FUND BOMBER FUND FUND BOMBER EUND BOMBER SIND BOMBER

FUN!

BOMBE

BOMBE

BOMBE

BOMBE

BOMBE

BOMBE

mber

CONTRIBUTIONS TO DATE:

$2,356,229,55 .*

REMITTED TO LONDON:

£145,939.19.6d

FUND

FUNE

FUN!

FUND FUND

BOMBER FUND BOMBER FUND BOMBER FUND BOMBER FUND BOMBER. FUND BOMBER FUND FUND BOMBER fund boMBER FUND. BOMBER

quickly as possible. Almost as often likewise. At this stage the situa The effect of these Japanese efforts as not, trump-drawing should be de- tion was a follows: is such that foreign cconomists ferred indefinitely. Note 10-day's trying to study the situation throw deal:

The frat of these problem is poll up their hands, and say "according

tical, and reflects the key political to all the rules, China should have problem of China-Kuomintang vs. collapsed economically long ago."

Communists.

West dealer.

East-West vulnerable.

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The bidding! Weat 10

PAGE

Ins

North. Enst South

Pass 34

Puns 24 Pass 4 A PASS Pass

Nevertheless, prices and the cost of Iving have risen manifold. The pur- chasing power of the yuan has drop-

West opened the heart king, then bed markedly, while the number of shifted to the diamond king. Dum- bank notes. In circulation has in-i creased several-fold.

OHO

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WE $

♡ m Q100 109

▲ AJ 10 V

Now all that declarer had to do was exit from his had with dia- mond and turn the problem of the missing trump over to the defenders The uverngo player probably would meet defeat on this hand, since his impulse would be to draw trumps, either by straight leads or by

taking

the natural finesse". through East. The safest way, by far, is not to draw trumps at all, but to get in all the low trumps through rufts.

While there are certain basic con-

Thus, the real miracle is that China

4043 tradictions of views by the two parties carries on, doggedly, optimistleally

VAKJ 10 It is a

2 on how the war should be fought and and with increasing success. On the other hand, China to-

OKQJ

J. WE financed and how the people should tribute to the super-human endurance, patience and recuperative power) day can not only look back upon

84 be organised and governed, there has of the Chinese people.. a fight, magnificently fought, but she has moral, political and been no visible shaking of the firm

Bumper crops throughout China In financial advantages which are convletion of both parties that China 1938 and 1930, plus stored up stocks af goods, probably proved to be one going to prove important factors must resist and fight Japan. On this of the chief factors enabling China's in the continued struggle. Apoint they agree. Despite the ups and economic leaders lo defeat new spirit has been awakened downs and occasional friction, there Japanese attempts to force an econo- and Generalissimo Chiang Kai-Is every reason to believe that there mie collapse. shek stands higher in the will be no open break of hostilities as long as neither alde compromises esteem of his countrymen than ever before-a tremendous thing with Japan.

my's ace won and declnrer Immo- to be able to say after four years With roference to the maintenance

diately ruffed a low heart with the warfare. of harrowing

To of the present equipment, Chilna dur-

The comparatively poor crop last spado six. A club was then led to Chinu, the fight is not only stilling the past four years has establish year, plus the doubtful prospects this the inck, and a third heart ruffed ed scores of small arsenals deep in year, bave nccentuated these pro with eight, Dummy's Recend fourth club entry was used to ruff a on, but it has begun to assume

the interior for making ernall arms, blems.

heart with the nine-spot. The ace a new and encouraging form.

mechine-guns, trench mortars and

However, since the beginning of of clubs then was laid down. So

AAKDO N Japan is becoming weaker while animunition. Prior to the war China this year the government has moved for declarer had run virtually no

WE West at being overruffed,

Q1098 to depend largely on rapidly to meet these problems and risic Chinn grows in military and was forced

S has instituted a number of far-reach-hardly could have had a singleton national strength. Greater aid foreign countries for these items.

Ing policies. Moving toward

club at, in that event, East would: RJ4

mult and la being given by her democratic China, however, lacks and badly tralisation, ns have other countries have had a seven-card friends who are now completely needs planes and artillery, Re- since the start of the European war would not have passed to the one confident of her ability to fight cently the Chinese greatly rejoiced the government, through the Central heart bld.

American Executive Council of the Kuomintang, to win. China can hold her

nt Indications

If the club ace had been ruffed, has ordered the establishment

How should South play his four hend high on this fifth anniver-planes and other materials would be government monopolles covering the dummy would have overruffed, and

the United sale of tobacco, wine, matches and declarer's search for the spade heart contract? Opening lead spada sary of undeclared, but none the made available under less bitter and brutal war, States' lease-and-lend act. At pre- several other dally necessities. The queen would have been that much king.

that

the

To-morrow's. Ifand South dealer. Both sides vulnerable.

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