1941-07-07 — Page 20

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Investment Bankers and Brokers

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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 "

AT THE

KO 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 Chinese Civil Servants' Club, China Building, Booking at:-TSANG FOOK PIANO CO.

BOMBER FUND BOMBER FUND BOMBER FUND BOMBER FUND BOMBER FUND JOMBER FUND JOMBER FUND

BOMBER BOMBER FUND

BOMBER FUND BOMBER FUND BOMBER FUND BOMBER FUND BOMBER FUND BOMBER FUND BOMBER FUND BOMBER FUND BOMBER FUNE BOMBER GUND

BUND BOMBER FUND COMBER FUNDED PR FUND BOMBER FUND

mone

Monday,

HONGKONG TELEGRAPH

SUMMER

OUTINGS!

SIGHTSEEING & PICNICS On the Island and Mainland by Motor

FOR HONGKONG DRIVES

BOOK CARS AT THE '

HONGKONG HOTEL: Phono 24758 & 30011

FOR KOWLOON DRIVES AND NEW TERRITORIES EXCURSIONS

BOOK CARS AT THE

PENINSULA HOTEL ́ Phono 56463 & 58081

Reliable Open & Closed Cars

and Drivers-Fixed Rates

ZO SEATER BUSES AVAILABLE BY ARRANGEMENT PHONE 27778-9 HONGKONG HOTEL GARAGE

Stubbs Roat

The

Hongkong Telegraph.

Monday, July 7, 1941.

Wyndham St., Hongkong Telephone: 20015

TIE prefix "Special to the Telegraphy" is used by the "Hongkong Telegraphy" to indicato news which 31 steletly copyright under the provisions of the Telecommun)- eations Ordinance, 1936, Such news as bears the indication “UP”" is received in Hongkong on the date of publication by the "United Press Associations, who re serve all rights and forbid republications, either wholly or in part without previous arrangement.

CHINA'S HEAD HIGH

AFTER

FOUR YEARS AGO TO-

"on

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

one

To-day approximately 3,000,000 Chinese troops face nearly 1,000,000 Japanese Troops over an area third the size of the United States and are at fighting. This war has more killed

more people, caused hunian misery, greater shifts in population and greater economie dis- locations than any time in China's history, Between one-fourth and une-third of the earth's population in this has been directly involved great batile.

Despite the unit series of reverses on the battle felds, China is prob- ably better off militarily than four ůን ያቀፈ ፩ . Even foreign military years observers agree that China now he

July 7, 1941.

FOUR YEARS OF WAR

Soldier

Simultaneously, there is a strong feeling in many quarters that a more democratic form of government is

CHINA'S POSITION=

more

IS BRIGHTEST

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

By FRANCIS M. FISHER United Press Staff Correspondent

ed young oflicers, have largely broken ments' production, but also will be Increase the output of her down the vicious sectionalism of able to semi-autonomous nature of many of arsenals,

converted China's armies and them into conselous units notional army.

of the

trol

The Kuomintang has drawn up, and the government tins promulgated, a plan for institution of self-govern- inent for the country, but whether this will eventually result in a truly democratic form of government is problematical. No doubt it will depend on the outcome of the Aslatie and European wars as well as upon the inter-play of strong Internal econo- mic, social and political forces.

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

It was decided also to float "grain China rallway and highway bonds" collectable in price and repay closed. able the same way, which are expect-

tnxation

were

the

Shifting the armies from front to front, plus the Infusion of a great sent China is confident she will not government-established Food Ministry mocratie 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

of transportation, distribution programme which will demand sacri- - and sales of all important foodstuffs, fees from certain classes who so far have not been forced to contribute T called The government also

The any substantial amounts. national finance conference. basle decision was that the govern- ment should collect all land taxes in the future, instead of the money

Internationally, The problem of feeding the armies going to the provincial governments

China's position has Improved rapidly since a year is vitally important and merges with as in the past.

ago when the Burma Road and Indo- MOST striking feature of the

Four years' experience in fighting the general plcture of China's econo- fourth anniversary of the Sino- Japanese hostilities, which falls during which time they have often mic situation.

China's Generalissimo Chiang Kai-shek's ed to enable the government to en-

position to-day, is the contrast in the fought the Japanese to a standstill

and even defeated them, has gone far statement that China's war problem sure that there will be no holding or brightest at any time since the Muk- Incident, with China tacitly tone of the commemorative to improve the soldiers' as well is 70 percent economie and 30 percent speculation of rice, hence better dis- den speeches and writings by the

the people's morale and has destroy-military is a conservative statement tribution as well as feed for the army acknowledged as a member

(America Britain - China) statesmen and journalists ofed the defeatest superstition that the of the

Immense difcuity through and an increase in the government's A. B. C. the respective countries. Four Japanese army was invincible. economic problens which is facing petunt revenues.

Britain, and particularly the United Tho American und Chinn at the beginning of the th

British years ago, Japan's apokesmen

The present positions

stabilisation loans, and their care- States, are now committed to real ful and were so puffed up with confid-

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- ence that they referred to the various fronts also are imminently year of the war.

Japan has consistently directed its well as external economic situation in tary aid looms if Japan should con-

tinue her southward moves. China War contemptuously na

war effort against China's economy, China. an "incident" which had merely

as much as against military and poli- to be cleared up with charac- teristic Japanese thoroughness

To-day, depression has settled upon Japan regarding the China enterprise; Chungking's stub-

on the

better suited to Chinese defence than

further for

important Japanese offensive moves.

Lastly, Chinese tactics

the tical establishments,

Admittedly, China's armies are not sufficient or heavily armed enough

-

*

front,

now

CONTRACT How to Play

BRIDGE How to Win

of the

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 inportant to China's war efforts.

The Increasing shipments of Ame in the face of historical Chinese present stage of the war-refusing to

fact that Japan led to an increase in the centrallsa- rican material, especially planes, are docility; the Chinese leaders try for decision by enticing Japanese nerable than militarily or politically, of war has here, as in other countries,

and at the as shown by the spoke grave words, accepted troops to attack them

same me 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- fected in the Kuomintang's current eline in shipments of supplies from as a result of the slogan of obedience to the supreme the Soviet Union hard and nasty facts, and called

lenders."

Russo-German hostüities. -upon-the-nation-to-make one of casualties without endangering any dustrial plants. the greatest defensive fights in large portion of the Chinese-armies Japun-followed-with-the-rapid-sei-_ was well calculated to make a heavier zure of a large proportion of China's and raw materials and the history of the world.

than resources war effort drain on Japan's

then with

effective a more or less blockade, China's.

Even pre-war Chinn had sufficient light Industries to produce the con-

no heavy ori Japan has almost born and effective resistance is 110 attempt a sustained offensive, nor sumer commodities she needed, but recognised and Japan's difficul- is there the likelihood of enough machine too! industries and was not fact she is predominately an agricul- ties in this campaign are now heavy arms reaching them in the self-sufficient in food, despite the

tural nation. openly admitted. Something near future. has been obtained out of the

Hence, China's Immediate military To-day China faces the fact that venture to date, but Oh! so little problem in entering the fifth year even those light industries she has been able to salvage are producing compared with that expended in of the war consists merely of keeping only a tiny fraction of the ordinary men, money and materials. all of these. armies fighting Japan, consumer goods, such as textiles and Neither has this adventure in maintaining or improving the pre-paper. The blockade and transpor-HERE is absolutely no truth or nearer a successful conclusion. West

lation dificulties prevent the import-Togic in the ser called rule that did not oblige, however. China profited Japan politically.sent modest equipment, and feeding ing of any sizable quantities of or declarer should draw trumps She has become completely the large forces,

dinary goods.

her estranged from

former friends, the United States and Britain, and has aligned herself

The first of these problems is poll- up their hands, and say "according with a European heirachy of

tical, and reflects the key political to all the rules, China should have

collapsed economically long ago,“ Totalitarians with whom she problem of China-Kuomintang v5, has only one thing in common- ambition to destroy her neigh- bours.

Communists.

*

OSEPHINE CULBERTSO

Don't Always Draw Trumps!

He dis-

ns carded a diamond, and dummy did 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 economists ferred indefinitely. Note to-day's trying to study the situation throw deal:

AK73

♡

West dealer,

094

East-West vulnerable,

42

N

AK73 V0664

W E

S

A842

lenders to defeat the

KJ

AAJ 100 8G

AQ42

AKJ 10 N'

KQJ

873

WE $

◇ 10 9 7

100705

84

2

♡ Q 00GB 4AQ3

The bidding: West North East 1 V Pass Pasa 2 A Pans 3 A

Pasa 44 Paas Равл L'ass

South

While there are certaini basle con-

Thus, the real miracle is that Ching JOMBER PUND BOMBER FUND

tradletions of views by the two parties carries on, doggedly, opilmistically BOMBER FUND OND BOMBER FUND

On the other hand, China to- on how the war should be fought and and with Increasing success. It is a FUND

patience and recuperative power BONER FUND BOMBER FUNDMBER

day can not only look back upon financed and how the people should tribute to the super-human endurance, BOMBER SUNA BOMBER FUND OMBER FUND

a fight. magnificently fought, be organized and governed, there has of the Chinese people. COMBER FUND BOMB UND BOMBER FUND

Bumper crops throughout China In but she has moral, political and been no visible shoking of the firm' FUND BOMBER FUND FUND DO OMBER

conviction of both parties that China 1938 and 1030, plus stored up stacks financial advantages which are

of goods, probably proved to be one BOMBER EHTEMBER FUND BOMBER SUND

going to prove important factors must resist and Aght Japan. On this of the chief factors enabling China's, OMBER

BOMBER FUND BOM UND

BUND in the continued struggle. A point they agree. Despite the ups and economie BOMBER FUND BOMBER FUNDA ROZ

ABBER FUND new spirit has been awakened downs and occasional friction, there Japanese attempts to force an econo- SOMBER FUND BOMBER FULL

and Generalissimo Chiang Kai- is every reason to believe that there me collapse.

Nevertheless, prices and the cost of TOMBER FUND OMBER FUND BOMÍ

the shek stands higher in FUND

will be no opep break of hostilities

living have risen manifold. The pur UND BOMBER

as long as neither side compromisca chasing power of the yuan has drop- West opened the heart king, then BOMBER FUNI esteem of his countrymen. than

ped markedly, while the number of shifted to the diamond king. Dum- FUND ever before a tremendous thing with Japan. BOMBER

bank notes in circulation has in-my's ace won and declarer imme

low heart with the to be able to say after four years With reference to the maintenance creased several-fold.

dintely ruffed BOMBER FUND

FUND of harrowing warfare. Το BOMBER

of the present equipment, China dur-

The comparatively poor crop last spade six. A club was then led to third heart ruffed the eight. Dummy's second BOMBER FUND China, the fight is not only stilling; the past four years has establish year, plus the doubtful prospects this the jack, and

ed scores of small arsenals deep in year, have nccentuated these

fourth pro with

club entry was used to ruff FUND on, but it has begun to assume BOMBER

the interior for making small arms, blems.

heart with the nine-spot. The FUND

new and encouraging form.

However, since the beginning of of machine-guns, trench mortars FUND

far declarer had run virtually no West being overruffed. rapidly to meet these problems and risk of has instituted a number of far-reach-hardly could have had a singleton ing policica. Moving toward

have had a seven-end tralisation, bs have other countries club on, in that event, East would Re- since the start of the European war would not have passed to the one

OMBER FUND OMBER FUND A. BER FUND JOMBER FUND BOMBER FUND JOMBER FUND BOMBER FUND OMBER FUND BOMBER FUND JOMBER FUND BOMBER FUND BOMBER FUND BOMBER FUND BOMBER EHIND BOMBED CUND BOMBER

BOMBE

BOMBE

BOMBE

BOMBE

BOMBE

BOMBE

CONTRIBUTIONS TO DATE:-

$2,356,229,55

REMITTED TO LONDON:

£145,939.19.61

FUND

FUND FUND

FUND FUND

BOMBER FUND BOMBER FUND BOMBER FUND BOMBER FUND BOMBER FUND BOMBER FUND FUND. BOMBER EUNI BOMBER FUND BOMBER.

L

and

nte

- Japan is becoming weaker while ammunition. Prior to the war China this year the government has moved clubs then was fald down. So

was forced to depend largely foreign countries for these items.

on

cen-

Chinn grows in military and national strength. Greater aid is being given by her democratic

China, however, lacks and badly friends who are now completely needs planes and artillery. confident of her ability to fight cently the Chinese greatly rejoiced the government, through the Centrell heart bld.

Executive Council of the Kuomintang,

Indications

A AJ 10

*OG2

Now all that declarer had to do was exit from his hand with a dia- mond and turn the problem of the missing trump over to the defenders

The

ployer average

probably would meet defeat on this hand, since his impulse

be would to draw trumps, either by straight lends or by "taking the natural nesso

by through East. The safest way, far, is not to draw trumps ut ali, but to get in all the low trumps through ruffs.

To-morrow's Hand Soull dealer.

. Both sides" vulnerable.

A 103

QJ 10042 06432

SAK90 V7 OQ 1098

A87542,

- N WE

$

08753 2

Buit and

How should

AQJ СЛКОБЗ OAKJ7 100

to win. China can hold her

that American has ordered the establishment of If the club ach had been 'ruffed, head high on this Bfth anniver-planes and other materials would be government monopolies covering the dummy would have overrulted, and

spade heart contract? the United sale of tobacco, wine, matches and declarer's search for, the sary of undeclared, but nono tho made available under

·less bitter and brutal war,

Siates' lease-and-lend act. At pre- several other daily necessitles. The queen would have been that much king.

South play his four Opening lead 'spado.

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