Whereas the percentages of import and export trade handled by Shang: hai last year were 60.78 and 51. respectively, the proportion for the first five months of the current year was in each case little more than 25 per cent. In the meantime the per centage of import trade passing through Kowloon, which lies close to Hongkong in the south has advanced from 495 to 3135. And Canton By its possession of branches throughout Chinà the company may not have been so badly hit as might be suggested merely by a consideration of its interests in Shanghai. The widening of the trading channels in the South, for example, may have partially reimbursed the company for some of the losses in the north, though a much higher proportion of the trade is now being handled by Japanese merchants and financed fiom Tokyo.
The Hongkong and Shanghai Banx has experienced some anxious times, but in the financing of business with China its prudent policy is thought to have minimised the harmful effects of the war. And the interim dividend on the $125 shares was maintained at £2 10s last month, In the last category—companies whose world-wide connections in-
Officers:—The following extract from Municipal Gazette dated Sept. 9.; s puoushed for information:—Resignatuon:—Ameriean Company—2nd Lieut.
W. Muller resigns his commission, Officers' Commissions—Rehewals:—fhe undermentioned Officers' Commissions are renewed under Art XI of Corps Rege—Corps Headquarters. Maj. B. Y. Woo August 2. Capt. W. anger August 19. Capt Hopkins August 19. Shanghai Field Company—Capt. W. A. L. Pardoe August 19. American (M. G.) Company—Lt. L. F. Bright August 18. Reserve of Officers "B"—Lt. W. T.
v August 19.
ents For Automatic Weapons, and Transport:—Unit Commanders are reminded that before automatic weapons can be sent to the Range, and to ensure that they arrive good order ready for use, indents cud reach Corps Headquarters not less than 24 hours before the weapons are required for use. Indents for S.A.A.
d Transport will also be rendered to reach Headquarters not later than 24 hours before they are required.
Sate Keeping of Arms and Ammuni-n by Volunteers-A case has ntly occurred of a Volunteer leav-g his S.V.C. rifle and ammunition ing about his quarters which might ave resuited The Commandant wishes to w. auks that they are entirely responsible for the safety of their arms and ammunition, and directs that all ammumition be kept under lock and ko:
Officers—Return from Leave:—Reserve of Officers "A."—Major M. R. Harris, M.C. returned from leave September 8.
Strength:—(a) Increase:—The u mentioned are taken on the strength of the Corps and their units on dates! shown:—Corps Troops:—Armoured Car—Pte. T. D. Adams September Battalion:—Portuguese Com-
T. L. Jangoz September 6, Pte. J. Silverio September Decrease:—The undermentioned are taken off the strength of the Corps and their units on dates shown: Troops:—Chinese Company.—Pte. Y. C. Chung September 7. Transport Com-Sgt. A. Senna September 7.
Battalion:—S. Kavanagh September 9. Pi Capes September 9. "B" Company.
"Ryan September 3, Shanghai Scot tish Co—Cpl. W, Kane September 5. "B" Battalion:—American Company—Pte. C. G. Devaranne September 7. Batialion:—No. 3 (Vol) Company.—Pte, G. Troyan September T.
Leavei—Corps Cavalry—Captain W. R. McBain, from 10-9-38 to 90-9-38 Jewish Company.—Lieutenant Goldenberg, from 6-9-38 to 5-1-39.
Text read from the printed page and cleaned; old type leaves the occasional error.