Sterling Te
*** 30.105,000
$10,000,000
Paid-up Capital
Reserve Fund
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Bushcriped Ospital
Issued and Fully. Pull-up
Reserve Funds 1--
Resorts Liability et Propelstoer........... $30,000,000
HEAD OFFICE, HONG KONG.
BOARD OF DIRECTORS:-----
T. E. Pero aq. Charman.
T, H. K., Saq.
Deputy Chaliza,
J. K. Boudfield, Kaq.
1. Dodwell, Keq. .. Compion. Eaq. Hon. Mr. 4.6.8. Mackle.
Matin, Esq.
too. Med. J. Parson,
7. 4. Plummer. Eng.
N. Murphy, my, Acting hitel Manage
BRANCHES —
LONDON
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1863.)
HEAD OFFICE: LONDON.
ALOB STAM
AMBITUAR ВАХОКОК ZATAZA BOMBAY CALOUTTA CARTON
CAWEFORE CKBU
LYONS
MALACCA
SANILA
KUAR (Johore)
UUKDEN
PEITING
Reserve Liability of Pro-
prietors
OOLOMO
DELHI
BANKOW
MAKILA
KEDAN
BANOOOX
SAIGON
BEMARANO
BEREMBAN
BHANGHAI
KINGAPORE
MITIAWAN
SOURARATA
EXCHANGES.
THE CHINA MAIL.
and
Commerce
Finance
..£3,000,000 £3,000,000
TO-DAY'S QUOTATIONS.
£3,000,000 On London-
Agencies and Branches:
Т. Т.
1/5
On Demand
1/5
IDORINO
MADRAS
4 Months' Sight ...
1/5
Credits
4 months'
NEW YORK
PELPINO (Peking:
Sight
1/5%
PENANG
On New York-
On Demand
33% Nom.
Credits 60 days'
sight
NOM
TONGKAR (Bkuken
On, Paris-
TSLEGTAO
On Demand
605
ZAMBOANGA
General
Credits 4 months'
Sight
645
On India-
T. T.
94
On Demand
94
On Shanghai
On Demand
11034
Hong Kong, 17th November, 1932.
On Kobe..
On Demand
113%
KLANG
TOXOKAMA
AMOY
BANGKOK
KANTAVIA
OLECUTTA CANTON CHEPOO OGLOXBO
USIKEN POOCHOW HAIPHONE BANBURG
H&K ZOW HARDIN BONGLI
ΠΕΙΣΟ
TOWLOOK
KUALA LUMPUR
NEW TORE
- PENANG
BANDOOM SAIGOX
SAN FRANCI800
SHANGHAI
SINGAPORE
SOUZABATA
SUNGE PATAMI
TIENTSIN
70XO
TOINGTAO
TOKOHAMA
KALPHONG
GAMNUBO
HABBIE
HONG TONG
FOLLO
TFOK
KARACİER
ГОВЬ
KUALA LUMPUR
TAIPING
TIENT IN
Foreign Exchange and
Banking business transseted.
Current Accounts opened and Fix-
ed Deposits received for one year or shorter periods at rates which will be quoted on application
A. BREARLEY,
Manager.
¡POK
J008
Конк
Renta neened In Lorryal Shotsexory
and fired Froguils ronded for one your or
•hertec periode in Local Currency nad Kartin
* tarda which will be quented on applicative- Hong Kong. 22nd May, 1933.
HONG KONG SAVINGS BANK.
"Lo GEFİROM of the uberg Brak le soal nam
• HONG KONG AND SHANGHAI BARE COMPORATION. or may de vient 38 IN
sus fua BOBORONG AND ERARUMA
•TE CORPORATION.
L. N. MUUPOY. Leting Chief Manager. Hong Kong, 24th April, 1983.
SAFETY FIRST!
To Safeguard Your Valuables And Jewelleries, Deposit them in a Vaul that in really: FIRE-PROOF BURGLAR-PROOF DAMP - PROOF!
OUR SAFE DEPOSIT VAULT focated on the Mezzanine Floor of Our New building is Specially Con structed to provide all of these Im- portant Qualities.
You may obtain a Safe Deport Box in this most up-to-date Vail for your own use at a very moder- ate Rental.
Inspection Cordially Invited.
THE NATIONAL COMMERCIAL
THE BANK OF CANTON, LTD. On Manila-
On Demand On Singapore- On Demand
Retablished 1912.
Bead Office:-Hong Kong.
Authored Deplies (ELE. Currency) $11,000,000 Fuld-ig Capital
-$1,846,000
...1,724,
Frog
*ter
BRANCHES 1–
Osaton, Bisaghai, Haukow, Bengkok
and Son Francisco.
LONDON BANKKBS 1000
The Lloyd's Bank Limited
CORRESPONDENTS
banjo and beating but exipilos transected.
Bala Depots Dorms (various siznes oi a pourty -asal of troca $5 to $46.
LOOK POONG SHAN,
Chief Manager.
THE BANK OF EAST ASIA, LTD.
Head Office: Hong Kong.
No. 12, Des Voeux Road Central. Established: 1918.
Authorized Capital Paid-up Capital
Profits Reserve and Undivided
Sovereigns bank buy-
Copper Casa
Copper Cents
ALC of Native In- terest
NEW YORK STOCK EXCHANGE
A.O.F.C. Quotations-
New York, Yesterday.
Dow Jones Averages.
Last To-day's Changes Aver. Aver.
FUTURE OF THE DOLLAR
Foreign Fears Of Inflation. AMERISA'S DRIFTING POLICY
TUESDAY, JULY
EUROPEAN FIRM
SUED
$948 Claim Against ' Gilman And Co.
LOAN TO SUN TAXI-CAB COMPANY
25, 1933,
NEW ADVERTISEMENTS.
PUBLIC AUCTION...
THE undersigned have received
instructions to sell by Public
ON
Auction
The future of the dollar intrigues
Before the Puisne Judge, Mr. R.SATURDAY, the 29th July, 1933, every financial centre.. What causes
commencing at 10.30 am. E. Lindsell, at the Supreme Court the fight from America's currency, this morning, Luk Hip-Kee claimat No. 1, Middle Road, 2nd Floor, and where it will end, are questions ed $943, allegedly money lent and asked daily, without any answer interest, from Messrs. Gilman and being forthcoming
among
Co. Ltd., the alleged transferees of the Sun Taxi-Cab Company to The general impression
whom the loan was originally made. Mr. F. C. E. Rendall is appearing those in daily contact with New York is that, despite its definite for the plaintiff, while Mr. E. Da-
Kowloon:
. A Quantity of VALUABLE HOUSEHOLD
FURNITURE.
Comprising:-
Green enamelled
rattan uphol-
programme, the monetary policy of vidson is counsel for the defence. stered Drawing and Dining Room Opening his case, Mr. Rendall Suites, Modern Teak Sideboard, President Roosevelt's "brain trust" said the sum of $900 was deposit-Carved wood cabinet. Blackwood
ed with the Sun Taxi-Cab Company teapoya, Curtains, Rugs, etc, etc.
obtained vice with 12 motor cars from Messrs. Gilman and Co. on the hire-purchase system. Towards the Expand credit by £600,000,000; end of last year the Company got Jaque
"greenbacks"
up
to
also
Modern Oak Bedroom Suite. On View from Friday the 28th July, 1933.
Terms: Cash on Delivery.
LAMMERT BROS..
Auctioneers
Hong Kong, 25th July, 1983.-
20 Industrials 88.42 94.23 6.86 up 20 Rails ..... 44.32 47.37 8.05 up 20 Utilities 29.58 32.15 2.55 up 20 Bonds.... 87.46 87.68 .12 up
Messrs. E. A. Pierce & Co. Re- port: Many people are naturally is drifting again. awaiting the appearance of a
The main reason for the deprecia-on January 14 of this year, a note theory secondary reaction, the
tion of the dollar is the foreign fear having been made by the manager to that effect and signed with the this, being evidently that when
of inflation. President Roosevelt chop of the firm. occurs an excellent buying oppor-
The Sun Taxi-Cab Company had tunity will develop. We think it has been given unexampled powers! possible that such reaction may be by Congress, which he may exercise been established since the end of postponed or at least will not de-to raise prices in the U.S.A. He has 1931, when they opened their ser velop until industrials and rails been given power to:
recoveries. Wheat: make large There is considerable liquidation of distressed wheat. Buyers are largely shorts and holders of week- ly bids. The cash market is firm. The Winnipeg market is very firm, with a large export business. Statistics are bearish. Cotton:
decidedly im 65% Nom. The sentiment has
proved and the tone of the other Demand from markets helped.
found speculative trade sources the supply of contracts inade- quate. Rainfall was quite wide- spread over the week-end. Silver: A feature was the persistent buy- ing, both at the opening and clos- ing, by a leading Trade Commission houses and foreign
law the defendants can be held to speculators were good buyers late sibilities that buyers of dollars essence of this case is whether in hesitate, except to meet urgent com- in the session, when foreign selling mercial requirements as they arise. have been the transferees of the Sun!
$3,000,000,000 to repay maturing into difficulties and could not pay GENERAL NOTICES. Federal debt;
The Official Summary
house-
appeared.
Business Done:-3,420,000 shares.
$10,000,000.00)
6,598,600.00
Case Hong Kong Stock Exchange issued Canadian Pacific"
Caterpillar Co. 2,$12,000.00 yesterday at 3.15 p.m.
Chase National Bank
The investment section tinues to attract most attention, but, owing to comparatively few offerings, the volume of business in this section remains limited.
09
Fix a ratio of silver to gold at!
their instalments.
On January 24, Gilman and Co. took
suen amounts to stabilise domes-possession of the fleet of cars and accessories intending to re-sell them, tic prices or protect overseas but instead began running the cars
I
NOTICE.
commerce against the adverse
on their own account and taking the: HAVE This Day established depreciated foreign daily earnings. effects of
myself as a Share and General currencies;
Messrs. Gilman and Co. also took Broker at 1st Floor, No. 8 Des Issue silver coinage for an
over the office furniture of the Sun Voeux Road, Central. unlimited amount; and
Taxi Cab Co. and paid off some of Devalue the dollar provided the the Company's debts. weight of the gold dollar is not; reduced by more
At this stage Mr. Davidson stated than 60 per that his clients had paid off the bulk
of the debts but not all of them.
His Lordship: I take it that the
cent. of its present weight.
The position has so many pos-
and there is sometimes no demand Taxi Cab Company. for the dollars which are being sold. The market, with occasional inter- ruptions, is all one way.
Luk Hip-kee, the plaintiff, stated that he had loaned the Sun Taxi Cab Co. $900 in January of this year.
When he went to the Sun firm to
Exchange Fund Rumours. The suggestion that the dollar de-claim payment, he was told that the
Gilman 85% preciation is being officially stimul- defendants, Messrs.
and
Cross examined by Mr. David-!
H. LOWCOCK.
Hong Kong, 21st July 1933.
NATIVE'S BRAVERY
RECALLED
Australian Minister Visits New Guinea.
GREETS LOYAL CHIEF
Kavieng (New Guinea) When the Minister for Territor-
ated is no more than a rumour, and Company, had taken over the busi- no confirmation is obtainable that ness of the firm. from the proceeds of dollar sales in sterling or francs an Americansen, plaintiff said he had loaned the les visited Kavieng, a native ser equalisation fund is being built up money to Mr. Lam Shui-ping, man-geant-major in the police guard, 75% If and when America decides to fix ager of the Sun Taxi-Cab Co., be-named Nadupo, proudly wore 32%
murderer, awaiting execution In 16% a new gold value for the dollar, its cause the latter was a great friend medal awarded for bravery when a
of his. bullion 69% £1,000,000,000
The case was adjourned until to- Kavieng Gaol, ran amok. now lying derelict in its vaults are
resources
31% ample to maintain any new valua-morrow morning.
Apart from the noldera of United: States fixed interest securities, whose investments are less valuable! when, converted into other cur- 26%rencies, the consequential effects of 104
the inflation programme are limited to the American people. To be a success world prices of commodities 14% must not only rise, but be main-j 22% tained.
60%
On Batavia-
On Demand
59
On Saigon-
On Demand
60%
On Bangkok--
On Demand
131
ing Rate
Bar Silver per oz.
Bar Silver in
1/5% ...18 5/16 Hong
Kong
Nom.
Nominal
Last To-day'ı Price Price
..1% prem.
Air Reduction
81
32%. P.B
| Allied Chemical & Dye .113
114
Chinese Sub. Coin... 32% dis. Hong Kong Sch. Coln par.
American Can
834
American Smelting
30%
35%
American Tel & Tel.
.119
140 A
American Tobacco "B"
Ananda Copper Mining 18%
merican Waterworks. 24
804
1232/ 8342
31
18
LOCAL SHARES
Auburn
40%
Bendix Aviation Borden Co.
14%
54
31
of the
1574
721/2
18
22
Amoy
Branches and Agencies:---
Pelping
& SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road, Central.
Batavia
Penang
Bombay
Hangoon
Calcutta
Canton
San Franciaco
Haiphong
Цинков
Kobe
Sales.
Kowloon London
con Chrysler Motors *****
Curtiss Wright Consolidated Gas of N.Y. 51 45 Drugs, Inc.
67% Du Pont de Nemours
Kodak 67 Fastman
6714 There has been a fair turnover Electric Auto-lite Co. 10% in the lower-priced issues, mostly Electric Bond & Share 22 for the adjustment of the July ac- Electric Power & Light 8
Electric General counts.
General Foods General Motors Gillette Safety
27
+ 2014 12744
54% tion.
2%
48
71% 784 187%
2244
24
33 25%
2074
Manilso
22
35
16%
Nagasaid New York Osaka
Tientaln
Tokyo
Vancouver
Parla
Yokohama
Myers "B" Inc. tgomery Ward
City Bank National Dairy Pro. Otis Elevator Purific Gas & Electric
87
214
24%
20%
22
54%
to
18 2514
19%
Packard Motors
33% 7
34% cussions.
8441
314
36
Standard Brandi
23
07
13
andard
{Standard
Standard Oil Co. of New
Jerse
33%
354
Secony-Vacuum Corpn.
11
21
23%
Trans-America
8%
ited States Steel Westinghouse E. & M.
Trion
Carbide & Carbon 42
..111% Tinion Pacific United Air & Transport 30% Tnited Coron,
4434 113% 33% 91 10%
5214 4014
55%
444
HAND MICROPHONE TYPE
London.
THE BANK OF CHINA. 行銀國中
MOLLISONS ABANDON
OF BAGHDAD HOP
(Continued from Page 1).
HOPES
Singapore.
and
Wharves: $1292/130.
Hotels: $74/7.30.
Hong Kong Trams: $23.
Star Ferries: $96/961⁄4.
Gold Dust
Harvester
Internal wil & Tel.
THE BANK OF TAIWAN, LTD. Honolulu
(TAIWAN GINKO.)
HEAD OFFICE:Taipeh, Formosa. Incorporated by Special Imperial
Charter, 1899.
Cukai Bark in Formors. Bank-Koter sand Avirago smosni „Tom. 13,400,905 BRANCHES AND AGENCIES:
JAPAN zum Tokyo, Yokohama, Hoba, Ceska FORMOSA--Dia, Engi, Karunia,
Matong Nasta, mincklin, Taloku, Triana, Takso, Tani, Tosa, Fatia, Enita.
Salgun
Seattle
Semarang Shanghai
Singapore Sourabaya Swatow Sydney Talboku
Telephones: $30.10.
Dairy Farms: $28.35.
Correspondents in all principal cities Constructions (New): 80/85 cents. National Biscuit.
of the World
Every description of Banking
CHIKA--bonghai, Bankon, AINOT, Ford, Exchange business transacted Loans
Below, CastOW.
OT [IKES :--Üst Koog,
Bosbaya,grated on approved securities.
bang, Batavia, Bombay, London. Erw Lock, Delrue.
LONDON BANKERS
Bordare Back, Lido Lloyds Back, 144.
Midland Bask, Lad., Wastedster Bank, I
The Bank has correspondanta in all the principal
Somnial Centra throughout the world.
HONG KONG FRANCE,
1. Don Van Road Central.
Hong Kong Domaine 3, 1902
THE YOKOHAMA SPECIE BANK,
Estabilaked 1889.
Capital (fully paid-up) Yen 100,000,000 Reserve, Fund.......Yen. 119,750,000
Hand Office~YOKOHAMA.
Branchen and Agencies att
Newchwang
New York
Safe Deposit Boxes To Let
KAN TONG PO,
Chief Manager.
Buyers.
Hong Kong Banks: $1,830. Bank of East Asia: $101. IH.K. Fire Insurances: $265. Benguet Consolidated: $33. Providents (New): $1.40. Hong Kong Lands: $77. Star Ferries: $95%. China Lights (Old): $13. China Lights (New): $12.30.
CAN EXPRESS COMPANY, Electrice: $734.
Read Office:-45, Broadway. New York.
‚U.S.$6,000,000.00 U.S.$1,867,089.17 .U.S.$1,718,079,67
Singapore Tractions: 2/- Dairy Farma: $284. Constructions (New): 80 cents. Government Loans: 42% Prem,
(Assented).
Sellers. Underwriters: $2.80.
Ewo Cottons; Sh. $15.20.
Pennsylvania Rly.
Radio Cornr Sears Rochuck
Standard Goo
Texas Corpn.
Alexandria
Batavia
Bombay
-Calcutta
Canton
LIMITED.
Dairen (Dainy)
Hankow
Karvin
Honolulu
Hinking
Kai-Yuen Karachi
ILondon
(Mulden)
Los Ange
XAGORA
Manage
AN
-Nagasaki
Nagora
Blo
Hangoon
de Janeiro San Francisco
Bemarang Shanghai
Shimonosed
Bingapore Soarabaya Bydney
Tientsin
TOKYO
„ternet" Allowed on 50
Deposits received for fa
rates to, be obtained on-
EHORI
Hong Kong, 11th March, 199S
THE
ING.
Capital Surplus Reserves
BRANCHES--
Slangos
Bumperg
Havre
Biaxia
Pelplig
Gemers
London Liverpool
Lugane Marceline Momin Orla Manila
BA
Branches of American Express Com- pany to Principal cities of United States of America and Canada. - -
All class of Commercial Baaldag Transactions undertaken.
GREAT BRITAIN IS SOLID Hungarian Journal's Tribute.
The murderer's friends smuggì. ed in a knife, with which he half- killed a fellow-prisoner at mid- night. He then barricaded himself in a small room, and for two days defied the gaolers to come and take him.
When the question of shooting him was discussed, Nadupo, who has been a policeman for 12 years. Budapest. vounteered to take bim single- An optimistic view of Britain's] handed. financial position is taken by thei
Protecting himself with a shield. Should the American policy suc- semi-official Hungarian newspaper, Nadupo rushed into the room and 89% ceed, the world would benefit, which the Pester Lloyd in an article head-after a terrific struggle, disarmed
is the meaning of the claim in the ed "Solid England."- American
statement
delegation's
receiving
and tied the prisoner, The writer says; "Since the only a few knife cuts. 1+ 324 that this is America's contribution memorable Autumn weeks of 1931, 19%
21
At the head of a line of Lululais world recovery. Failure, how-
England has gone through the 274ever, which some regard as inevit most difficult financial crisis of stood old Luvankuas, Paramount 5% able, would have unpleasant reper-her history and it is only 18 Chief, whose age is unknown, but
NEW PHONES FOR PUBLIC BOXES
Satisfying Short And Tall People.
months ago that she seemed to be who is estimated to be over 80.
A firm friend and ally of the on the edge of, a catastrophe.
has 40 lesser "In this 18 months, England's Government, he
has chiefs under him, and rules his general economic
situation
completely changed. Shaken Brit-district with iron discipline. Cre-
ish credit is again frm. British dited with great shrewdness, he commerce can regard her position has also à sense of humour. When England's asked who made Kavieng; he re- as remarkably good.
has shown plied, "Me and Bluminaki.". Blu- an increase in the last year, when minski was the officer in charge all other countries have shown de-jof the district in the German days. He beamed from ear to ear when creases. The purchasing capacity!
Industrial production
of her internal market has remain-Mr. Marr shock hands, inquired led stable. Furthermore England after his health, and congratulat- The new hand microphone type closed the last financial year with ed him on his loyalty, of telephone is to replace the old the world crisis at its worst in two-piece kind in public telephone remarkable good condition." Reu-ed along portion of the excellent | boxes, and kiosks.
iter.
The change is being made be-.
cause people who are tall complain
that they have to stoop uncomfort
Congratulations on a great east ably to speak into the present
Reorganised October 26, 1923, under, to west flight and sympathetic type, while the shorter ones. are
special charter of The National Gov- messages to the disappointed pair unable to reach up to it.
INTERNATIONAL EXCHANGE
ernment as 20
BANK
have been received by the Molli-
brilliant crossing of the Atlantic,
EVEN TEST CONTEST.
(Continued from Page 1
In the afternoon the party motor.
road from Kavieng, to Karu, the longest in the ferritory (142 miles), fringing the north-east coast. Blu- minski made 80 miles and the Aus tralian Administration the remain- der.
Every second native possessed a In the bowling be brought about bicycle. Apparently a small for A typical "grumble" is contain-
tune is made in importing "cročka". sons from many quarters. Bried in a letter received by the Post- the dismissal of Wally Hammond, the Gloucester: bataman nibbling at an Subscribed Capital...$25,000,000.00 tish Wireless Service.
master General; which reads:-
off ball when he appeared to be set, and selling them to the native for $24,710,200.00 Flying a Dragon-Moth plane, the Dear Sir,
£5 and more-Reuter. Paid-Up Capital
.$ 8,820,506.32
Constantine also caught Wyatt at Reserve Funds
Mollisons left Stag Lane Aerodrome Why are public call offices only short leg, thus sending back an- on Saturday morning, stopping at fitted up for giraffes and a rubber other dour, Test bateman. READ OFFICE: SHANGHAI
Pendine, Wales, to refuel. After neck? I wish you would consider Constantine was not playing in HONG KONG BRANCH:
they were within 60 miles of their the claims of the short woman and the first Test at Lord's which the 4.Queen's Road Central
West Indies, lost by an innings destination when the crash occured, make receivers lower.
If you cannot do this, can you and 27 runs. His value to the Owing to our numerous branches They planned to fly direct to New Personal, investment accounts China and large connections in the Im!
commercial centres of the York and from there attempt to beat have an adjustable step in kiosks gate receipts of the Nelson Club handled.
portant world, we are able to extend to our the B.A.F. long-distance flight re- so as to save me from the ignominy was 100 great for him to be re- The Company offers to intending dients special facilities for domestic card by flying 6,000 miles to of sallying forth with a soap box leased. Travelers the use of its rareler and foreign banking, and exchanges Baghdad. It was the first occasion when I use the public phone? Martindale, the only other a three-decked, twelve-sided, alx- Cherent" and Letters of Credit and. We also handle the issue of Bonds In addition, the world-wide surrican and of Public Funds, of-the Chin- on which they have sought new air Another woman states that bowler of any pace in the tourists' room structure of steel, glass and whenever she wishes to use #attack, has again proved to be the plywood that's the "House of to- of its thoroughly equipped Travel Dew-Ganment both at home and honours together, and had they suc-. parissent
SHOU-1. CHENceeded, it would have been their public, telephone call box, she has most dangerous. He has taken morrow, opened for inspection at last fight in the field of record to take a friend to do the speaking three wickets so far. In the first the Century of Progress Expost-
Test he had 4 for 85%
tion-Beuter. for herReptar. breaking,
LAWADUGGANG
abroa
Hong Kong, 6th March, 198154
"HOUSE OF TO-MORROW"
Chicago, Illinois. Outer walls of transparent plate
shelf beds for the youngstars glass an indoor, aeroplane hangar