BANKS
HONG KONG AND SHANGHA!
·BANKING CORPORATION.
Bathurst Cap
109,000,000 Justed and Poly Falk-up mmmmmm. 10,000,000 Benores Funds 1-
$30,000,000
Moors Liabiny d Fropriators 136,000,000 EHAD OFFION: HONG KONG,
BOARD OF DIRROTORS 1—
2. E. Parms, Mog.
T. MIL, Khan, Kaq.
Deputy Charan,
T. H., Bell, Bing
K. R. Morrison, Eng.
Q. Miskia, ka
Ohio? Mange.
THE CHARTERED' BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1858.
HEAD OFFICE: LONDON,
Paid-up Capital
Reserve Fund ......
Reserve Liability of Pro-
prietors
COMMERCE
AND FINANCE
23,000,000 NEW YORK STOCK
EXCHANGE
.£3,000,000
....£3,000,000
Agencies sad Branches:
ALOR STAR
AURITIAN
TUCKING
VADRAS
A.O.F.C. Quotations.
New York. Yesterday. Dow Jones „Averages.
THE CHINA MAIL
Last To-day's Changes
Aver. Äver.
30 Industrials 107.00 108.00 1.09 up 20 Rails
49.03 50.55 1.52 up 20.87 27.10 .23 up
PRIPING (Pakingi
BANGOGE
RATOON
FEMARA NO
BEREMBAN
SHAROBAI
(20 Utilities
STKOLPORN
KITIAWAN
80.16 89.02 .47 up
BOITRABATA
TAIPING
A. H. Comptian, Eaq.
Jon, Mr. J.J. Paterson.
ton. Mr. R. Machia, J. P. Warren, Eng.
Box
MANGKOK RITAVIA BOWHAT
BALOUTTA
ELKTON ONEPOG
COLOMBO DAIBEN
TOCOBOW
HAIPHONG
J. M. Grabarn, Hig
BRANCHE-
LONDON
MALAOGA
MANILA
MUAM (oboral
MIDEN
XXW FOXE
PENANG
NAMIKOK BATAVIA BOMBAY
CALCUTTA GANTON
GAWNMOWE CYRU COLONNO
HALFBONG BAYBURG HATIDW HALEH
ПОХО КОКО
PROF
MAKILA
VEDIW
*EW YORK
FEXANO
RAMBURS
BANKOW
HARBIN
MONGKIW
ΠΟΙΟ
IPOB
JOROZE
KOBE
KOWLOON
KUALA LUMPUR
LYONS
PRIPING
BANDOON
BAIGON
BAN FRANCISCO
MANGIAI
SINGAPORE
DOURADATA
TIENTAIN
KUNORI PATAMI
THETO
TKINGTAO
TOKOKANA
Carens Armamente opened in meal Omerade) and lead Tiepodle venival for vue pune ne shorter perlu ta Tami Corretor and Births torte which will by quated on appilamio. Hong Kong, 24th January, 1934,
HONG KONG SAVINGS BANK.
* When at the abers Back in sunduriai Er the MOKO EONG AND SHANGHAI WAXE It may be shielket TRO DOSPORATION,
POB THE HONGKONG AND GRANOKAI RANKING CORPORATION,
T. N. GRATBURN.
Oil Manager.
Hong Kong. 24th April, 1983.
SAFETY FIRST !
To Safeguard Your Yaluabl
and Jewellerton,
Deposit them to a Vanl
that reallw; FIRE-PROOF BURGLAR-PROOF
DAMP - PROOF ! OUR SAFE DEPOSIT VAULT
located on the Mezzanine Floor of Our New building is Specially Cop- structed to provide all of these Im- portant Qualition.
You may obtain a Safe Deport Box in this most up-to-date Vault for your own use at a very moder. ate Rental
TLONA
KARLOKI
KLANG
KUALA LUMPUTA
Foreign
TIENTER
TONOKAR (Bhru hot)
TEIROTAO
TOTOHANA
ZAMBOANGA
Exchange and
Banking business transacted,
40 Bonds Commodity
Index
53.52 53.44 08 down
Messrs. E. A. Pierce & Co Re-
port: Despite large activity, stocks
General are apparently not a danger point,
Current Accounts opened and Fix. but are rather under excellent con-
ed Deposits received for one year or trol. Wheat:: Prices are higher shorter periods at rates which will be on dry weather, better milling de- quoted on application.
Manager.
A. BREARLEY, Hong Kong, 17th November, 1932
mand and the anticipated monetary inflation. Cotton; Prices advan, ced early, but realising together with foreign liquidation brought the close a few points lower and THE BANK OF CANTON, LTD. closing sentiment was reactionary,
Established 1911.
Head Ofcri-Bong Kong.
Authorised Capital (ELL. Ourreesy) ...#11,000,000
Home Fund 1,50,000
BRANCHES —
Chatod Ras Frasciend
Lengha, Bashow, Bank,
LONDON BAKKERS (~~ The Lient's Bank, Limited. CORRESPONDENTS
In 'all principal sties of the World.
Perrigo Exchange sol basking inasum of eracy description transacted.
Sale Deposit Boxes (vacións sinne) už a yearly musial al from 84-40 840.
Silver: The market is quiet await- ing developments in the monetary situation.
Air Reduction
Business Done: -4,240,000 shares. Last To-day's Price Price
.102 103 Allied Chemical & Dye .14% 155 American Can
100% 100% American Radiator
16% 16% American Smelling 45% 46 American Tel & Tel.118% 11874
70% Waterworks 221⁄2 23
American Tobacco "P"
►
LOOK POONG SHAN,
Chief Manager. Bendix Aviation
Horden Co Canadian Pacific
fond Copper Mining 10%
THE BANK OF EAST ASIA, LTD. J. 1. Cane
$ 2,312,000,00
HEAD OFFICE:-HONG KONG 12, Des Voeux Road Central
BOARD OF DIRECTORS:- Sir Shonson Chow. Chairman.
Li Koon Chun, Erg.
P. K. Kwok, Esq.
Wong Yun Tong, Esq.
Chan Ching Shek, Esq.
Li Lan Sang, Big,
Wong Chu Son, Esq.
Kan Ying Po, Esq.
Kau Tong Fo, Esq, Chief Manager.
Du Pont de Nemours
"Kodak East.pinn Electric Auto-lite Co Electric Bond Share Electrle Power & Light General Electric General
Foods
General Motors Gillette Safety
Gold Dust
ternat Harvester Internat Tel & Tel Liggett & Myers "B"
Loew's Inc
Ward
78
In Tax Battle
Veteran of many a hard battle in the boxing ring. Johnny Dundee, ones among the top fight in flat- ana, lost a decision to Uncle Sam, who contends that Dundos owes him $98,000 in income tax and penalties.. The Government charges Johnny' failed to include race track winnings and his wife's separate income in bla returas.
St.
WEDNESDAY, JANUARY 31, 1934,
John's Cathedral
Meeting
Finances In Sound Condition
MARKED INCREASE AT SERVICES
NEW ADVERTISEMENTS,
SOCIETY OF ST. GEORGE,
“HONGKONG
REMINDER.ir -
HE ANNUAL MEETING of the
THE
Society will take place in the boardroom of Messrs. Jardine, Matheson & Co., Ltd. on THURS- DAY, 1st February, 1934, at 5.50 p.m.
LINSTEAD & DAVIS,
Secretaries & Treasurers. Hong Kong, 31st January, 1994.
The annual meeting of St. John's of 'a special Cathedral Restoration Cathedral was held last night under Fund of $5,000, in order to meet the Chairmanship of the Very Rev. abnormal and unforeseen expendi- THE DAIRY FARM ICE & COLD Dean Alfred Swann, at which Sir ture which was due mainly to the STORAGE COMPANY, LIMITED. Henry Pollock, K.C., presented the ravages of white ants in the strue- accounts for the past year."
ture of the Cathedral, and in a les NOTICE TO SHAREHOLDERS
trying NOTICE
The report and accounts for the measure to the necessity for re- past year were seconded by Mr. Prplacing the old electric wiring..
IS HEREBY GIVEN S. Cassidy and carried, while the During thesÉ recent
that the THIRTY-EIGHTH budget for the current year was also financial times Mr. Brearley's aer ORDINARY YEARLY MEETING carried on its being seconded by Mrvices as Treasurer have been in-of the Shareholders in the Company H. B. L. Dowbiggin.
valuable also in the matter of keep will be held at the Company's Town Mesars. P. Jacks and P. S. Casing a close check upon our expendi-Office, 2, Lower Albert Road, on aidy were elected representatives to ture.
TUESDAY, 20th February, 1934 at. the Board of Trustees of the
11 am, for the purpose of receiv- Church of England in the Diocese For the first time for some years ing the Report of the Directors to- of Victoria, while the following past the Cathedral Account is able gether with Statement of Accounts, were elected to represent the Cathe to show an excess of income over declaring a Dividend and re-elect- dral on the Diocesan Conference: expenditure instead of an annually ing Directors and Auditors. Mr. A. S. Abbott, Mr. F. Austin, Irecurring deficit.
The TRANSFER BOOKS of the
Surplus. In Hand.
Mr. W. C. Clark, Professor Forster, We have, in fact, a surplus on the Company WILL BE CLOSED from Mr. D. S. Harley, Professor C. A. Cathedral Account for 1933 of the 9th February to 20th February, Herklotz, Mr. T. H. King, Mr. F. $4,700 odd, as against a defielt for 1934, both days inclusive. Mason. Mrs. Davidson, Mrs. Swann, 1932 of $8,800 odd; that is to say. By Orders of the Board of Directors.
J. D. THOMSON,
Secretary.
COTTON, SILVER Mra. Wolfe and Miss Buckwell. we are $13,500 up at the end of
AND WHEAT
Latest Quotations.
NEW YORK COMMODITY MARKETS
Financial Statement.
Hong Kong, 30th January, 1934.
1933 as compared with the end of In dealing with the Cathedral 1932. But that improved position finances for the past year and the in 1933, as compared with 1932, is Budget for 1934 Sir Henry Pollock due in great measure
that we had no Assistant Chaplain HONG KONG PHILHARMONIC said:
SOCIETY.
to the fact
Before going into details of our in 1933. and, as you know, in our accounts, I should like, as a Mem. budget for 1934, we have to provide ber of the Finance Committee, to for passage and salary for our new bear witness to the very valuable assistant. Chaplin, Mr. Baines, New York, Jan. 31. work which has been done by Mr.Who will be arriving here in a few 184
Messrs. Asis Lands Ltd. have raBrearley as our Hon. Treasurer days time. 52%
Another factor, which made our during the past year, when his 22ceived the following quotations on duties also included the collection financial position in 1933 better Ithan in previous years was the ces- 16% the New York cotton and wheat.
sation of the retiring allowance 824 rubber, alik and sliver exchanges
paid to our late Chaplain, Mr. 28% on the Commodity Exchange Inc..
Copley Moyle. 57 New York:
SILVER
Silver: Commodity Exchange Inc. 6% of New York: 234
Total sales for the day:-
EXCHANGES.
TO-DAY'S QUOTATIONS.
62
22%
2034
23%
2514
1G
Caterpillar Co Authorised Capital $10,000,000,00 Chase National Bank Paid-up Capita!......$5,598,600.00 Chrysler Motors Reserve and Undivided
Proits
201
36%
Consolidated Gas of N.Y. 42% Curtiss Wright
434
101%
Closing Commodity Prices on On London- January 30.
80
T. T. On demand
2844
18
364
Jan. 29 Range Jan. 30 Range
40% Mar....44.70 44.80
44.55 44.60
On demand
1/534 1/634 Four months' sight 1/67%
4 months' Credits aight
1/6/% On New York---
37
21
May....45.20 45.25
45.02 45.05
449
16%
July...45.70 45.80
Credits 60 days'
Bight
nom.
45.50 45.50
On Paris-
10
On demand
5872
29%
2814
321 contracts of 150 contracta of
47
25,000 ozs cach
Credits 4 months'
eight
6272
No tonal City Bank
271
On ludia-o
National
Dairy Products 15%
10%
Market:-Slendy.
T. T.
08
Batavia
Manis Melbourne
Seattle
Otia Elevator
18%
Semarang
Pacific Gas & Electric
On demand
98
18%
Bombay
Nagasaki
Shanghal
Rubber:
924
81⁄4
Commodity Exchanz
On Shanghal-
Calcutta
New York Crake
Inc. of New York:
Singapore
THE BANK OF TAIWAN, LTD. (TAIWAN GENEO.)
Paris
Swatom
Scars Rochuck
47%
Honolulu Kobe Kowloon London
Penang Rangoon
Synder Taihoku
Standard Gas
Standard Branda
24%
Jan. 29. Jan. 30. March....... 10.41 10.02
On demand On Japan:-
110
On demand
May
Tientsin
Salgon
Tokyo
Socony Vacuum Corpn
Standard Oil Co of NJ. 47
47%
July
10.70 10,31 11.00 10.62
On Manila-
1234
73
་
Vancouver Yokohama
Texas Corpn
| On Singapore---
28%
Trana-America
7%
Union Carbide & Carbon 48%
Union Pacific
68%
57
On demand ....... 88% On "Bangkok----- On demand
125
1/6%
Inspection Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street and
Des Voeux Road, Central,
HEAD OFFICE:-Talpek, FormMOSA. Incorporated by Special Imperial Charter, 1829,
Onairal Bank ja Formons Bank-Moses Lavand Average aiment „..Tom. CAJON PHA,
Li Tre Fong, Esq., Manager.
BRANCHES AND AGENCIES:- Amoy
Pelping
San Felace
Manigomery National Biscuit
Sourabaya
Packard Motors
Pennsylvania Rly
Padio Coron
Every description of Banking and
On and after August 15th, 1983, the Exchange business transacted. rata of Interest on Special Current granted on approved securities. Deposit will be at 2%. p.m. on daily
Current Accounts spened in Local balance and the rate for balance over Currency and Fixed Deposits received $10,000 will be quoted on application or one year or shorter periods in Local (Maximum rate--14%).
and Foreign Currencies on terms which will be quoted on application.
Safe Deposit Boxes To Let
LONDON BANKERE:
Barclayu Bank, Ltd., Boyne Back, L44. Midland Bank, LAL, Wannlærter Desk, LAW.
wwwwwww..com
The Bank her Comespaisata in all the prinaju Jummarsial. Oudies theoughout the malā.
К. Мазол
SORO LOXO BAANOR:
21, Dy Tour Bead Contrai.
Kang Taeg. Disember 31, 1984.
Yen.121,250,000
`THE YOKOHAMA SPECIE BANK,
LIMITED.
Established 1896.
Capital (fully pak-up) Yan100,000,000 Baserva Fund
· Kouă Olles:—YOKOHAMA.
Branches and Agonción atr
Alexandria
New York
L
Bombay
Calcutta
Chater
Dairen (Dalby)
Nagusaid
Nagoya
Quaka
Paris
Paiping Rangoon
Fangtion (Mulden) Bia, de Janeiro. Hamburg
Hoat Lonr
hookow
Harbin
Romolala
Hainking
Kobe
Los Angeles
Karachi
London
* Deposits recely.
"Francisco
Beate Bensating Stanghal
Singapore Bourabaya
Bydney Tientals Tokyo
Tsingtan Yingkow
Moji
"Naturaet " 'allowad
st rater to be obta
doni Aone, 11th Septam
KAN TONG PO,
Chief Manager. Hong Kong, 24th November, 1933.
THER
AMERICAN EXPRESS COMPANY, ING.
Head Olles)-45, Broadway, New York
.U.8.36,008,000,00 „U.3.31887,089.17 18.11,718,979.67
Capital Burplus Reservas
BRANCHES
Nborg
Mexico City
Branches of American Expener Com pany in Principal cities of: United Etates of Amerdos and Casada.
All elmassa of Glenmarcial". Banking Transactions undertake,
Personal invasinians: accou kandlad,
25.000 ozs each
RUBBER.
18% Total sales for the day:---
984 contracts — 764 contracts NATIONAL SILK
49%
United Air & Transport 85
3634 United Corpu
57% 57% United States Steel
4444 Westinghouse E & M 48%
BID-†.
THE OVERSEAS NATIONAL
BANK LTD.
National Bank Building,
EXCHANGE.
Jan. 29 Range Jan. 30 Range Feb. ...1.42 143⁄41⁄2 1.45 1.48
SUGAR Bugar: New York Bugar & Coffee Fachange:
On demand
On demand
On Batavia,
On demand
On Saigon→→→
An Explanation.
"PIRATES
OF
PENZANCE?
KING'S THEATRE. February 6, 8, 9 & 10 at 9.30 p.m. Matinee, Feb. 7. at 4.38 p.m. Booking at the King's Theatre from February 1st.
The item of passages on the ex- penditure side of account reminds me that I ought, in fairness not only to the Dean himself but also to the Finance Committee, to cor- rect an erroneous impression, to the effect that, when the Dean took four months' short leave in 1930, for urgent personal reasons, his Children Half Price for the Matines passage to and from England was
Services (In Uniform> Half paid for out of Cathedral Funds. Price at all performances for the
$2.00 & $1.00 Sents.
Prices $3.50, $3.60, $2.00 & $1.00 (Excluding Tax)
This is incorrect, as the Dean, de- frayed the cost out of his own poc-¡ • ket. In fact, we have made no dis. bursement for passages on account Anglican Church, where the atten- of the Dean since 1927. when he dances of worshippers have fully firat left home to take up his ap come up to expectations, and have pointment here.
It has even been suggested that proved the need for a Church in our Bishops do a great deal ΟΣ
Budget For 1934.
that neighbourhood. -
travelling, and rumoured that the
I will now briefly compare our cost of those passages comes out Budget Agures for 1984 with those
This,
of our Cathedral funds.
jagain, is quite erroneous, as neither
for 1938. The
Dean's item,
Stipend,
of Л
the salary nor the travelling ex- penses of our Bishops have been Allowances, et cetera, is down by charged up against our Cathedral 1,200 owing to the omission of funda, with the exception
| leave-pay; but, on the 'other' hand, amall allowance of $100 a month we have to pay $6,000 for the which was made to Bishop Duppay salary of the Assistant Chaplain. after the big slump in the dollar. The dollar item for Organist's Turning now to the income side of Salary is slightly down as we are the Cathedral account, I regret to budgeting for a higher rate of ex- have to inform you that, owing to change in 1934 than in 1988 adverse trade conditions, our mort Passages, including a réserve for gage interest for 1933 shows a de-passages, of $3,000, practically crease of $1,000 as compared with stand at the same figure as in the 1982. .... 1% prem.
Budget for 1988. Cotton: New York Cotton E-Rate of Native Interest 84% p.a.
Chinese Sub, Cola .......... 88% din...... Jan. 29 Range Jan. 30 Range Hong Kong Suk, Coln 4% prem ....11.86. 11.28 11.83 11:54
LONDON EXCHANGES.
-- Sovereigns, bank bay. Jan. 29. Jan. 30.
ing rate 1.46 1.46Bar Silver per 0%.... 19 9/16 1.51. 1.61
Bar Silver in Hong
Kong..
March May July
1.55 1.54
Market:-Quiet.
COTTON,
8A, Des Voeux Road, Central,
Authorized Capital: - $5,000,000.00 | change: Paid-up Capital
1,000,000.00
New York, London, and Mar.
Paris Agents; BANKERS TRUST COMPANY. May...1152 21.54 We offer facilities for the transas-July-200,11.88/11.70 tion of general banking - business. Oct. 11.84 11.85- Foreign ExchangD transacted. Stacks and bonds bought and sold Lemas Dec. .11.98.11.98 granted on approved, securities, |Jan. ........12,01 1201
LEB FANG, Middling. General Manague.
THE MERCANTILE BANK OF INDIA, LTD.
น
·HEAD OFFICE
Genauen pron Burçak, Logg
2.04.
Authorised Capital .... Bubscribed Capital ...... Paid-up Capital w 1,050,000 Reserve Fund: & Rest 2,246,735
·HONG KONG KRAMIH,
Hvory Ameription of Hanides and Kimbunge back
-The Company office to intanding 100 km SSE PAREN Travelers - the use of, ihm **Traveler"
--Trustee, and "Ezseni
Choquee", and" Letters of Credit and taken.
in addition, the world-wida suVİGNİ
of its thoroughly equipped Travel De Finlandan alhaise: then They
1. W. DUGGAN, E
11.49-11′49 1155 11.66
1181 1181
11.93 1194 .11.99' 11.99
Spot..11.70.
11.70 CHICAGO WHEAT, Wheat: Chicago Board of Trade?
Jan. 29. Jan. 30.
May July'
Beptember
Total sales for the day!--
10,000,000 - 20,000,000
Copper Cash Copper Centa
BOM.
Hom
[19 7/16:
18.16
Paris
New York
Montreal
London, Yesterday,
79 16/82 5.02 5.04:
Brussels
Geneva Amsterdam
22.41% 16.12 7.77
924........ 92%
90% 91%
.92%
92%
Milan Berlin Stockholm Copenhagen
Oslo
19.89% 22.40 19.90
Vienna
Bushels
busbelä
Prague
NEWLY MINED GOLD: (WASHINGTON);
Pond-Jan, 29 Jan: 30
Helsingfors
-Madrid
Lisbon
Athene
Bucharest
Belgrado
∙105. 2261⁄2 28-13/16 110 545 sellers 580 230,
Buenos Aires
Montevideo
Bombay
Reconstruction Finance Corpe's buying price, per oz.
84.45-34.45
Bio
QUALITY PRINTING
- Shanghai (--VIDE1/A%
Fone: Ron
Yokohama
Silver Spot
1/6 373
1/64 033/1/2/6/16-
19:9/10
› Bilyer Forwardı. 2. 19 9/16 N
@War Löan 821001
Sellers. Dficial
British Wireless Service.
Decreased Inbomela • On Property Maintenance for the Unfortunately our mortage in- Cathedral and "Kellett Crest” the tereat for 1984 is likely to show figures as compared with the Budget *still farther decrease, as mort for 1988 are $1,150 down."- Banic" cages fall due for renewal, prob-Interest is put at $400 Instead of ably at decreasing rates of in-8800, and the item for Organ Ré- terest. Also our interest on the pairs and Tuning is put "at, 3600 Hong Kong Government Loan instead of $300. [has been reduced from 6% to 4%% In regard to external
commit
In the Cathedral Hall Account ments it is felt that this Cathedral, for 1988; as compared with 1982, the Mother Church of a large our credit balance has been In Diocese, ought to increase its dioce creased from $885 £0 £1,45500 -~| aan'«quota from $1,750 to $2,250 'and.
In the St. John's Review Account, it is hoped that that increass will we have a smaller debit balance meet with your approval, |$221 instead of $630—and the sub- † We have also to provide $1,166.70, jscriptions to it for 1938 were near-being the balance of our agreed ly $200 dp on 1982, but it is hoped quots to the Kowloon Tong Angli- to make this account come out even can Church, in order to complets for 1984;2.
SEAL QUr promised contribution to that
In the Dean's House Account for Church" (to which I have already 1989 the sum of nearly $1,500 re-referred) of the sum of $2,000, ceived for rent during (Mrs.⠀ Our Income for 1984, for the rea- Swann's absence considerably sons already explained, must be less duced our debly balance on this ac than for 1983, and we are, there count. In 1988 as compared with fore, budgeting, for $10,500 only; 1982,
our actual income for 1983 was |$16,118.80.
Kowloon Tong Church,
The balance sheet for 1983, doen)* That leaves us, with an amount | not, I, think, call for any special required from the goodwill" naheme comment. You will notice, at the and offertories, in order to balance foot of the balance sheet, the al-jour budget for 1984, of $23,891.70 location of $4853
"anim: fo- that: la to say, we require in 1934''
some $2,750 more than we actually frat received for goodwill offerings and
000 offertorian in 1988,997 M
wards special obje Laumdota
promised to the Kowloon +TORE.
(Continued on Page 7),