BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Authorized Capital
red and Fully Pald-up me Sverre Fund –
164,806,AN
BUT $16.808. BAS Barre Liability of Propriators 19,900,000
BRAD OFFICE, KONGKONG.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1853. READ OFFICE: LONDON.
Paid-up Capital Reserve Fund
BOARD OF DIRECTORS 1-me
Reserve Liability of Pro-
prietors
· · · · · · · ·£3,000,000 £3,000,000
£3,000,000
Agencler and Branches:
ALOB STAR
AMRITSAR
LUCHTING
MADRAS
Hon. Mr. 1. 3. Peterman,
BANGFOK BATAVIA
DOMBAY
Chairman.
T. E. Tours, Kag.
Deputy Chairman.
KM. Kr. W. 11. Bell
1. M. Compian, Exq
1. I. £. Blaw, MN.
CALOUTTA
9. Miskin. Reg.
CANTOX
CAWNPORN
OOLONDO
DELHI
EFRONG
2. A. Memmer,
Hon. Mr, C.C., Mackin J. P. Warres, Bic.
V. M. Grayburn, Laq
Chiat Manager.
ANOT
MANUROR BATAVIA COMBAT CALCUTTA
CANTON Cazroo COLOMBO
BRA MOLLER
PENANG
RANGOUN
LONDON
LYONS
MALACCA
MAXILA
MUAB (Jokes:
MUIDEN
NEW YORK
PEIFINO
DAIREN
РООСВОЯ RAIPBOKO
HAMBURO
HANKOW
BARBIN
NORW
(LOILO
POE
JOLORE
LOAR
KOWLOON
AVALA LUMPUR
SAIGON
SAN FRANOINCO
BHANGHAI
BIKBAPOR
KOURADAYA
TIENTSIN
BUNGZI FATAN!
TOXYU
ΤΕΙΝΟΥΛΟ YOKOHAMA
L'arresi Acia opened in Local Currency and Mood Depoata cerived the compuest shuria periode in Local Correy and Sterling
terms which will be quoted on apptivatin Hong Kung 9th February, 1933.
HONG KONG SAVINGS BANK
The Bestow of kits shove Bank is nou dusted HONG KONG AND SANDHAY MAXK 10 DORPORATION.. Ba's may be shitland Merakles.
#GN FOR HONGRONG AND LEANDMA) 4.NETAG CORPORATION.
T. K. GRATRUEX,
Chiel Kangur.
Hong Kong, 17th February, 1933.
OVERSEA-CHINESE BANKING. CORPORATION, LTD. (Incorporated in the Straits Settlement) SUCCESSORS TO
The Ho Hong Bank, Ltd. -
The Chinese Commercial Bank, Ltd. The Orereo-Chinese Bank, Ltd.
Head Office:--Singapore.
Hong Kong Branch:-13, Queen's Rd. C.
Authorised Capital:-
Straits $40,000,000,00.
Paid-up Capital:-
Straits $10,000,000.00. Branches and Agencies in the princi- cipal cities of the world.
Every description of Banking and Exchange business transacted.
Chua Keh Hai
Manager.
THE BANK OF CANTON, LTD.
Established 1912.
Head Office:-Hong Kong.
Authored Capital (II.X. Ourano7) .....$11,300,06€ Paif-Up Capital szettet hovor te fortet dovervi Tail S. N
BRANCHES —
1,100,000
Canton, Bhangal, Rankes, Bangkok,
and Bea Francisos.
LONDON BANKERS---
The Liryd's Bank, Limited. DORRESPONDENTS
In el principal die of the World.
Foreign ezakange and banking businowe of
** odpiton "tranced
Bada Deporti Boam (various sized) si s poly
read of from $5 to $40.
LOOK POONG BHAN,
Chief Manager.
BAMBURG
HANKOW
BARDIN
TONG TON
ILONA
ГРОП
KARACHI
ALANG
KOBE
XUALA LUMPUR
MANILA
MEDAN
KEW TOAL
PELFINO (Paking)
PENANG BANDOON BAIGON BENARANG HEREMBAN
BHANGHAI
AT NGAPORS
Foreign Exchange and Banking business transacted.
THE CHINA MAIL.
Commerce and Finance
DOLLAR AND SILVER RISE.
Pound Value Also Gains.
ia quoted The local dollar morning at 1/3%, a rise of yesterday's quotation.
this on
Silver prices, spot and forward, made good advances on yesterday's quotations of 17 and 17.-1/16, being jquoted at 17.5-/16 and 17%
spectively.
NEW YORK STOCK
EXCHANGE
A.O.F.C. Quotations.
New York, Yesterday,
·Dow Jones' Averagés.
Last To-day's Change ÁVEL. Aver.'
80 Industrialx 53.99 51.94 2.05 down .25.61 24.03 1.58 down 20 Rails ... 20 Utilities.22.75 21.14 1.01 down
STOCKS FALL ON WALL ST.
Caution Urged On New York Market.
New York, To-day.
A downward tendency pre- valled on the New York Stock Market yesterday. Business for the day was average, 1,330,000 shares being dealt with.
FRIDAY, FEBRUARY 24, 1933. ·
CHINA PROVIDENT'S
BIG PROFIT
ANNUAL MEETING HELD TO-DAY
Was
NEW MOTOR SERVICE
+
Ih their market report, MessrS. E. A. Pierce state: "The market
A net profit of $203,845.32, too soon to analyse the results re- must give its own clue to the com-
For the 120 per cent, better than that recorded to date, except to state that pletion of liquidation.
on the corded for the previous year, the demand and the financial re-. present we would remain
reported by Mr. C. A. da aults have come up to expectations. alde-lines."
Industrials, rails, utilities and Roza (Chairman) who resided "The sum outstanding on Loans 40 Bonds....77.18 76.13 1.05 down bonds declined on the day, in-at the annual general meeting of has been reduced by the important Messrs. E. A Pierce & Co. Re-dustrials alumping 2.05 to 1.94, the China Provident Loan and sum of $152.000.000 during the report:-The market must give its while ratia fell 1.58 to 24.03. Mortgage Co., Ltd., held at noon year, while new business has been kuccessfully negotiated against se- own clue to the completion of Utilities and bonds declined 1.01 to-day.
re- Mr. da For the present weland 1.05 to 21.74 and 73.13
Roza stated that to-curity of goods stored with the The London on New York cross liquidation.
A small
amount wards the end of last year the Company. rate which was quoted at would remain on the side-lines. spectively.-Router. G$8.41% yesterday rose 3% this Business done: 1,330,000 shares.
Company embarked upon a new of $10,000.00 was remaining so em- line of business in the form of ployed at the close of the year. morning, and
"Sundry Debtors account at more trucks. The Board was in- G$3.41%.
Messrs. Carroll Bros. have just fluenced in its decision by the $116,933.36 is rather higher than received the following latest cabl-constant needs of the Company usual this year, owing to the con- with its aiderably greater volume of "busi- ̈ ed quotations of Shanghai shares: itself in connection
collection Financial ness transacted-but
Current Accounts opened and Fix.no quotation yesterday as New York ed Deposite received for one year or was on holiday, shorter periods at rates which will be quated on application.
A. BREARLEY,
Manager. Hong Kong, 17th November, 1932.
THE RANK OF TAIWAN, LTD.
(TAIWAN GINEO.)
HBAD OFFICE:-Taipeh, Formoel locorporated by Special Imperia! Charter, 1899,
Cast Bank in Pormons. Bank. When Emerɔad Arurugi stoant...Yap, 144,000,00 BBANCHES AND AGENCIES. ZAPAK-Tokyo, Tokohama, Koba. Ovaka
Kaaluss Kugl. Zanko, FORMOSA ||ran,
Makong Nanto, Ghiochika, Tairbu, Tainan, Takma, Tamil, Toon, Hello, l'alto. CUINAghal, Tankow.
Consolidated Gas of N.Y. 48%
General Foods
94
SHANGHAI SHARES
shipping department.
4.50 results had come up to expecta- since the date of the accounts have reduced this figure to approximate-
780tions, he stated.
-Addressing the meeting, 6.60'Chairman said:-
the ly $34,000.00 which is lower than
usual.
"It is with much pleasure that
"The Cash position, since fur-
21.75 your Directors are able to place be-ther Increased, is satisfactory, and, ¡fore you a Statement of Accounts is adequate to meet the Dividend 6.00 which show not only a very sub- requirements which I shall shortly
stantial increase in the Net Profit propose to you.
Bad World Conditions. Company's from the reaulting
"As regards the prospects for operations during the past year, but 29.25 also a marked improvement in the the current year, It is unfortunata 13.20
general position of the Company na that world conditions. In general, Sheet be-jand the state of affairs in the Far revealed by the Balance
East in particular, make any fore- 11.00 fore you.
"The profit earned, namely $203,-cast as to local imports of staple 25.00 845.32, is some 120 per cent. better products dangerous
"It is safe to say, however, that 22.00 than that recorded for the previous 24.00 year, and the increase is mainly at-jour Godowns continue to enjoy the 98.25 tributable to a greater volume of support of a very large number of 65% cargo received for storage with im merchants, and that we confidently anticipate receiving our share of proved clearances.
LITIAWAN
SOURABATE
TAIPING
TIEKTRIN
TONGKAT (kakət)
YOKOHAMA
ZAMBOANOA
as $ is given The New York on Lon- don cross rate is given as General G83.41% this morning. There was
Air Reduction
Last To-day's Price Price
53 61
American Dan Dye
Allied Chemical & Dye 75%
62%
American Tel. 4 Tel. American: Tab. "B"
.89
73% 50% 964
52%
524
1214
EXCHANGES.
Anaconda Copper Mining 6%
China Finance Corp.
Auburn
39%
304
International Investment Trust
Borden Co.
...
20
19%
Co. (Ord.)
TO-DAY'S QUOTATIONS.
Canadian Pacific
8
Cathay Land
11.40
Chrysler Motors
10%
Yangtze Finance Co.
International Assurance Co.
3,80
On London
Drugs,
Inc.
33 34
China Realty Co.
11.25
T.T.
1/8%
Du Pont de Nemours
33%
On demand
1/3/
Eastman Kodak
$2
61%
New Engineering & Shipbuild.
Shanghai Land Investment Co.
Electrle Bond & Share.
13%
1134
ing Works (Ord.)
4 months' sight
1/394
General Electric
12
19
10%
Credit: 4 months'
22
Shanghai Dock & Engineering
Co.
92.50i
21
sight
1/4
General Motors
11%
10%
On New York-
Gillette Safety
14%
1324
On demand
Int. Harvester
164
15%
Shanghai & Hongkew Whart Co. 212.50 Shanghai Electric Construction
Co. "Bearer"
2214
Int. Harvester (Pret.)
87
Credits 60 days'
Int. Tel, & Tel,
6
sight
23%
Liggett & Myers "B"
Ewo Catton Mills, Ltd. Shanghai Cotton Manufacturing
-Co.
66.00
51
50%
On Paris-
Loew's incen
144
14%
On demand
56274
Montgomery Ward
10%
National Biscuit
33%
322
Zoong Sing Cotton Mills, Ltd. American-Asiatic Underwriters
(Ord.)
Credits 4 months'
sight
Pacific Gas & Electric
25%
25
American
6022
Pennsylvania Railway. 16
14%
Oriental Finance Corp. "Bearer"
Aur. Foorbow. On India-
Radio Corp.
3%
Asia Realty "Bearer"
T.T.
861⁄4
Sears Roebuck
15%
14
Shanghai Power Co. (Pref.)
Standard Oil Co. of NJ, 24
235%
Chinese & Gold Bonds 1825
On demand
86
Bocony-Vacaum Corp,
6%
6%
On Shanghai-
Union Carbide & Carbon 20%
20
On demand
70%
Union Pacific
30%
G8%%
On Kobe-
United States Steel
On demand
108
...264 Westinghouse E. & M., 2344.
26 220
On Manila-
Мисир
-SHARE MARKET.
HONG KONG BRANCH:
Der Forum Boad Central Hong Kong, December 9, 1981.
On demand
441⁄2
On Singapore-
On demand
66%
On Batavia-
The official summary of the Stock Exchange issued yesterday:
On demand.......
654
On Saigon-
On demand
561⁄4
On Bangkok
On demand
1422
Sovereigna Bank buy-
ing rate
1/4%
..17 5/16
Sales Hotela (old). $8/8.15.
Nominal
H. K. Lands $741⁄2.
1% prem.
Trams $20.00,
Cementa (Combined) $7.80.
Варела.
walow. Casios. OTHERS-YORE Loog Bingspoed, Bourabaya Bemarang, Batarie, Boobay. Loudon, How York, Uniren.
LONDON BANKERS,
Barclays Bank, Ed., 1.forda Bank. Lid. Widiand. Beal, Ltd., Wastinster Black, A.
The Bau bae Correspondents' la ali the principa Commercial Centres throughout the world. K. KAGURA,
NEDERLANDSCHE HANDEL-
MAATSCHAPPIJ, N.V. PEA
{KETHERLANDS TRADING BOCIETT!
BANKERA
Katablished 153
Hong Kong Ofoe-il, Quma's Road Central
Authorized Capital Pald-Up Capital Reserves
Bar Silver per oz. Bar Silver in Hong
Kong Copper Cash
.f. 160,000,000 Copper Cente
50,080,000 Rale ... 20,015,000
Hand Offs -MSTERDAM®. Lantern Slood US-BATAVIA.
Franchen: -Bandarmin Bandung, Bombay,
Cheribos, Disbar, Dick iskarta". The Magur", Jiddah. Koby, Medan, Palembang, Pala Longan, Penang, Raagoon, Baltardass*, Besarang". Manghai, Singapore, Bows bais._bowskarta (Balo). Togul F}{lmijas | and WelleTrade
*Those offres have Safe Depon!! Bozes to Lak
LONDON BANKERO. —
NATIONAL PROVINCIAL BANK LTD.
Correspondant all orge the world. Ranking Busi
aa tavary desoription texamatud,
THE
A. STOKKINI,
AMERICAN EXPRESS COMPANY, INC.
Nominal
of Native In- Lerest
8%% D.B. Chinese Sub. Coin -80% dis. Hong Kong Sub. Coin par.
LONDON EXCHANGES.
Paris
22 7/16 605
London, Yesterday.
86
New York
3.41%
Montreal
4,09%
Brussela
24.26%
Geneva
17.50%
Stockholm
18.85
Oslo
19.50
Prague
114%
Manager.
Helsingfors
226
Hong Kong, 21st June, 1982,
Bucharest
670
Belgrade
250
Madrid
41%
Amsterdam
8.4812
Milan
Berlin
6634 14.252
Read Office:65, Broadway, New York
Copenhagen Athens
.Lisbon
Capital Surplus Reserve
. U.S.$6,000,000,00 1.8.$1,832.882.06 -U.S.41,469,116.79
Yan' 117,800,000
BRANCHER.
Amalarian
Gynam
Шамси
Lee Hapics
Yokohama
Hand Office:-YOKOHAMA.
1
Branches and Agencies air
Bominj
Elmon Hamourg EATTO
Žarmoning.
Faria
Silver Spot
Tanang
Pulping
Silver Forward
War Loan 61⁄2
Alexandria
Nagasaki
en
Batavia
Nazora
Bessas Arm
Calze
Bombay
Ivargoni Laure
Lazor
Simbol
Banglan
Maspor
Daloutta
Canton
Dairen (Dalny).
Dalambos Caponing Máslough
Monte Carlo Manila
Vanden
Take me Zurich
THE YOKOHAMA SPECIE BANK, LIMITED.
Established ́ 1884.
Capital (folly paid-up) Yen 100,000,000 Reserve Fund
Newchwang
New York Osaks
Paris
Peiping
Fangtion (Mukden) Hangoon
Hamburg
Hankow
Harbin
Hoer Ker
Bozolala
Hainking
Karschi Cobe
London
Tanila
Rio de Janeiro Ban Francisco
Scattle Semarang Shanghai Shimomosaki Bingapors
Boerabaya Bydney *Tientsin
Tokyo
allowed an Curral
at xilas to be obtained on
ملحمة
Branches of American Express Com pany is Principal cities of United States of America and Canada.
All, slasses of Commercial Banking Transactions undertaken.
•
Personal investment Bocounta handled.
The Company offers to intending. Travelers the be of ita ("Travelers www.and Letters of Credit and, addition, that world-wide: sayĒCN Its thoroughly equipped Traval De
DUGGAN
-Vienna
Rio Buenos Aires Montevideo Bombay Shanghai Hong Kong
110
30 Nom.
5% Nom. 41% Q.R. 33 Nom. 1/6 5/32 1/8 1/8% 1/2 7/16
17 5/16
17%
99 3/16
COTTON MARKET
STEADY
▾
"For several months last year, any cargoes which may offer.
"I now beg to propose that the our regular Godown space was do severely taxed by the demand for Report and Accounts for the year space, that it became necessary to ended December 31st. 1932, as pre- Planting Acreage To Be acquire considerable additional ac-sented to you, be adopted; that a commodation on a temporary basis. Dividend of $0.24 per share in res- Increased?
have since pect of the Fully Paid-up shares, This was done, but we been able to release the Godowns wo and of $0.12 per share in respect. shares ab- Wednesday, Jan. 26, 1933. acquired, with the exception of one of the Party Paid Whilst markets remained quiet in
There has been very little fluctus-building, which we still retain and sorbing $176,873.40 be paid out of
the Profits of the Company. the earlier part of the day, a much
"I also propose that the balanco Severe Competition. liveller tope was evidence at the tion in raw cotton values during which is fully occupied. afternoon session, Douglases, the last week, and the general tone
"The severe competition with of $125,196.36 be carried forward Hotels, Lands, Trams, Lights, of the market has been steady.
Accounts Adopted. occasioned by Electrics and Cements all register- There has been some talk amongst which we have had to contend was to 1983 account."
The adoption of the accounts and ing
slight advance in the experts this week of the pro- undoubtedly
and
bability of an increase in the plant-desire of the many private owners] demand.
some addi-payment of dividend was seconded ed acreage, which has been to a cer- of Godowns to obtain
unanimously. tain extent confirmed by advices tional revenue to meet the cost of by Mr. F. L. Silva, and carried from New York. There is a decid- maintaining their buildings.
Sir Robert Ho Tung and Mr. Li "As intimated by me at our last led feeling, however, with operators!
re-elected to the Tac-fong were that prices are on a low level, and if Meeting, the Private Bonded Go- little more confidence was shown by downs in Hong Kong were discon- Board of Directors, on the propos- overseas buyers there is every pos- tinued at the end of June last, and Al of Mr. A. H. Carroll, seconded sibility of a good business resulting. the contents of the majority were by Mr. T. M. Mitchell,
Messrs. Linstead and Davis and Quantities offered generally speak transferred into our General Bond-jal of Mr. A. H. Carroll, seconded ing remain amall but cover a wide ed Warehouses at West Point.
Electrica $744.
Douglases $31.
H. K. Steamboats $22. Hotels (old) $8.15.
Hotels (new) $7%. H. K., Lands $74. . Chinese Estates $95.
Hong Kong Trams 620%. Star Ferries $90.
China Lights (old) $11.30. China Lights (new) $9.20. Electrics $741⁄2.
Telephones (new) $26. Cements (Combined) $7.75. · Constructions (new) 90 cts. Govt. Loans 4% Prem.
Sellers.
Hong Kong Banks $1760, Union Insurances $565. Ewo Cottons Tls: 13.40. Shanghai Cottons Tia.71. Constructions (old) $54
EDINBURGH STOCK EXCHANGE
range some
the
A CLOSE SHAVE
of styles. There has been "Arrangements made with stor-Messrs. Percy Smith, Seth and Flem-
about uncertainty
tariffe ere, have, we belleve, proved satising were elected auditors, propos- which has restricted the Indian factory to them and the change ed by Mr. H. J. Figuereldo, second- business lately, although manufac-jover has occasioned a minimum ofed by Mr. A. H. Carroll turers report that a fair number of convenience to those concerned. offers have been dealt with: The "Turning to the Balance Sheet, chlef interest has been shown by you will note that our liabilities re- Karachi and Calcutta for light main practically unchanged-there bleaching styles and dhooties res belag but a small adjustment in pectively., Small lots of mulls and General Reserve Ascount. Jacconets have also been placed for "This represents transfers to and the other night had a close shave. As they were being shaved by Karachi. White shirtings and dyed, from the Specific Reserves previous- fancy styles have been booked for ly created to meet Loan deficits, Mr. Adler and his assistant, Bombay whilst the up-country out the item appearing now on the three men walked in, flourished lets have shown a demand for a few Debit aide of that account being revolvers and took 523 from the special printed cloths. The outlook the amount required to equalise the till.
Chicago, Illinois. Two men who occupied chairs in Benjamin Adler's barber shop
When it was all over, the two
for the Indian markets certainly balance due to the Company on two
the relative men in the chairs solemnly shook seems better and more optimian is Loan accounts, after
hands. One had £11 on his shown for the future. The rise in securities had been disposed of..
New Godown.
person, the other £20. the price of silver is more hopeful
*" *
UNCLAIMED TELEGRAMS.
"A pretty close shave," said for China buying, but any appre- The adition to our Assets, under It is officially announced that Mr. clable turnover is not likely until the heading of 'Property repre- they, feeling their face, then John B. Gray has been elected after their New Year celebrations, sents the amount paid on account of their pockets-Reuter. chairman and Mr. Claude Marshall There is a little enquiry from a new Godown which we have found Shanghai Including whites, poplins it necessary to construct on vacant vice-chairman of the Edinburgh and fancies, but not much progreas land at Kennedy Town, for the stor- Stock Exchange.
has been made. Rangoon has en-jage of special cargo.
The following: unclaimed tale "This Godown has since been are to spend quired for fine goods and a miscef- Southend Counell
the Great Northern Telegraph £850 on the new lighting scheme at laneous business has been done for completed, and is already in profit-gram are lying at the office of
the Straits Settlements. Reports able occupation.
(Limited) of Den- the Cliff Bandstand, which is being from Egypt are improving and Towards the end of the year Company
and under review, your Directors decid-mark. adapted to provide cover for wet there is enquiry for whites
Viroomalle, from Kobe. -British Wireless Service weather.
fancies with several useful orders.jed to embark upon a new line of
Miss Ferguson, passenger, 8.8. Grey shirtings have also been under business which has, of recent years, offer for the Near East and Morocco. become more and more closely allied Sirdhana, from Shanghai. The African outlets have been with our principal trade as Godown quieter although a few heavy, gooda operators; and you will no doubt
Winn, c/o Peninsula Hotel, from have been booked for South Africa. have seen ample evidence of this de-
parture on the streets of Hong Kong, Kobe.
Bosaut, Metzinger Messagerie, in the form of motor trucks bearing this Cmpany's name. The selection from Shanghai, anapat of; chassis of British manufacture will. It is hoped, earn your approval, Shipping Dept. Demand
THE BANK OF EAST ASIA, LTD.
Established 1918. -
· HEAD OFFICE:.
10, Des Voeur Road, Centrať, TONG CONG
› Capital and Burplus
Total ResearONS
@var ILS 6,000,000.00, over H.540,000,000.00
Every description of Banking and Exchange business- transacted.
Current and Fixed Deposit Accounts in local and for." |sign currencias opened for effents,
Savings Account and Bafe Deposit Boxes. Branch and Agencies all over the world.
KAN TONG PO,
Chief: Managi
SIX THOUSAND FIGHT FOR JOBS
Madrid. Six thousand unemployed fought for jobs in a Madrid street when it] was announced that the demolition
Awing, 28, Connaught Road, from Kobe
F. V. JENSEN,
Superintendent. Hong Kong, February 22, 1983.
"Your Board was influenced in The following: unclaimed tele- of the Madrid hippodroma to make its decision by the constant needs] grams are lying at the Eastern Ex- way for a street extension was to of the Company fiselt in connection tension Telegraph Colga@ces— Defines
with its Shipping Department, and
Brasainna, Credit Foncier d'Ex-
* Mounted and shock pollos had also by the lack of a properly or- treme Orient, from Singapore. to be called to stop the rioting ganised, fully secured and efficient crowd, Peace was restored after ly maintained pabile Mótor Trans-; a députation of discontented "hun port Service for the conveyance gar marchers" went to the City of goods in this Colony, Hall and rooved by the As this Bervice
operations" 50" In the year, it is
Mrs MacCuloch Hong Kong Hota), from Calcutta.
Shewan Tomes, from Alerander."
O. E. CLARKE
Manager Hong Kong, 23rd March.