BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
M
Katherized Cup $8,000,000 loved and Fully Filmy
Beserve Funda :--
Merking comm,600,00
$70,000,000
30,888,000
---Mannery Lábtity of Propriek #25,000,000
HEAD OFFICE: BONGKONG.
BOILED OF DIRECTURA.
1. Mr.
41.8. Stuckle
Chelooms.
7. P. Warren, Bing, Deputy Chairm 12.
Hon. Mr. W. 11. Bell A. H. Compion, Ka
W. J. Keswich Ext Q. C. Knight, Eng.
AMOT
BANGKOK
BATAVIA
BOMBAY CALCUTTA
CANTON CHEFCO COLONNO DAIRER
POOCHOW HAIPHONG
HAMBURG
HANKOW HARRIN
HONGKEW 110L0
IPOE
JONORE
KORE
ROWLOON
19. Minkin, Ky.
K. H. 4osrin, Iteg.
T. Z. Pearce Dig
V. M. Grybein, Eaq,
Chief Munger.
BRANCHES 2-
LOEDOE
LYOXS
MALACCA MANILA
NTIAR (Johor) MUKDEN
NEW YORK
PRIPING PENANG RANGIOR
BAIGON
RAN FRANCISCO
KUALA LUMPUR
NIANGHAL
HINGAPORE
ROUBANATA
RUNGEI PATANK,
TIENTSIN
75INGTAO
TOKTA
YOKOHAMA
THE CHARTERED BANK- OF INDIA, AUSTRALIA. & CHINA.
Incorporated by Royal Charter, 1883.
HEAD OFFICE: LONDON,
Paid-up Capital
Reserve Fund
Reserve Liability of IrO-
prietors
THE CHINA MAIL.
Commerce and
Finance
LAND VALUE T $3,000,000 AT REPULSE BAY
SHOWS INCREASE
£3,000,000
£3,000,000
Rangoon
Agencies and Branches:
Alor Star
Amritsar
Bangkok
Batavia
Bombay Calcutta
Canton
Cawnpore
Cebu
Moffo
Ipoh Karachi
Kleng Kobe. Kuala
- Lumpur
Kuching Madras Manila
Saigon Semarang Seremban
Shanghai Singapore Sitiawan Sourabaya Taiping Tientsin Tongkah
(Bhoker)
Colombo Delhi
Medan
Haiphong
New York
Hamburg
Feining
Tsingtao
Hankow
Penang
Harbin
(Feking) Yokohama
Zamboanga
Development To Be Started Shortly.
REALTY AND TRUST CO. MEETING
Decretion Of $7,200
"The profit for the year 1933 showed a decretion of $7,200 as coinpared with that of 1932, such diminution being generally ae- Hong Kong
Foreign Exchange and General counted for by the decrease in re- Banking business transacted.
Current Accounts opened and Fix venue by way of dividends on in- ed Deposits received for one year or vestments of $13,000, offset in a shorter periods at rates which will be measure by a profit of $7,000 quoted on application.
+
W. H. E. THOMAS,
Acting Manager. Hong Kong, 20th February, 1934.
realised on the disposal of cer- Lain investments," said Mr. John Fleming, "Chairman of Directors. at the annual meeting of the Hong Kong Realty and Trust)
Oerent Arracak opened in Love THE BANK OF CANTON, LTD. Company, Ltd., held at the Ex-
and Pizać Depostte ranged for on your or
shorter partod In Local Company bod Starling serous which will be quoted of application. Hong Kong 13th April, 1934.
HONG KONG SAVINGS BANK.
The RustDona int the shore Bank la mondmot
a b the BONG KONG AND GUANOHAI WANKING CORBATION.. Mule day be wiimland on application.
FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION.
V. N. GALTBURN,
Chief Mumien,
Hong Kong, 28th February, 1934
SAFETY FIRST!
To Safeguard Your Valuables.
and Jewelleries.
Deposit them in
Vault
that in really: FIRE PROOF
BURGLAR-PROOF
DAMP PROOF!
OUR SAFE DEPOSIT VAULT
Safe Deposit You may obtain a Box in this most up-to-date Vault for your own use at a very moder- ate Rental
Inspection Cordially invited.
Established 1912.
Bead Office:--Hong Kong. Asteriaal Osolia) (B.E. Deracy
Reserva Feid I, I,ANNE
BRANOURE
change Buildings this morning.
Those present were Mr. John Fleming, Chairman. Sir Shou-son Chow, Mesura, T. E. Pearce, E. M. Raymond, and P. K. Kwok, Direc- urs, and Mr. J. H. Taggart. Managing Director, Mr. F. C.
Cartes kal. Fashion, Bangkok, Barry, Secretary and Messrs. A.
eal fax Fratećima.
LONDON BANGERS 11
The Licyt's Park, Limited.
OORRESPONDENTA
In a peletal elties of the World,
7araig tobago sail banking hopes of
SVT deption sesamoted.
Sals Disposit Beuse (various odoon) at a pourly rome a from to ca
LOOK POONG SHAN.
M. de Era, Px. Suckling. T. R. Parsons, H. I. M. de Figurero, and Yeung Man-hol.
Chairman's Speech, Presenting the report and state-
Mr.
Joha Chief Manager.ment of accounts
Fleming, the Chairman, said:
THE BANK OF EAST ASIA, LTD.
"Prior to reviewing the business of the Company for the past year, $10,000,000.00 I must refer with regret to the re- 5,598,600.00 signation from the Board of Mr. became J. Scott Harston, which effective in December last. Scutt Harston, who has been Director of this Company mince its inception. has faithfully served its interests, and 1 take this oppor-
$2,454,000.00
Authorised Capital Paid-up Capital ...... Reserve and Undivided
Profita
HEAD OFFICE:-HONG KONG 12, Dos Voeux Road Central
BOARD OF DIRECTORS:-
Sir Shouson Chow, Chairman.
Kan Tong Po, Esq, Chief Manager. Li The Fong, Esq., Manager,
BRANCHES AND AGENCIES:---
Manila
Melbourna
Amoy
THE NATIONAL COMMERCIAL Belavia
& SAVINGS BANK, LTD.
Nagasaki
Soat:Us
Semarang Shanghai Singapore
LOCAL DOLLAR DECLINES:
Silver Prices Advance.
The local dollar has declined a demand further opening on this morning at 1/5%.
Spot and forward silver prices
yesterday recovered 8/16, closing prices being 19% and 19 15/16) respectively.
The London on New York cross rate yesterday, closed at £—U.S. $5.145% as compared. with £-US. $5.16%, while the New York on London rate closed at £-US. $5- 15% as compared with U.S.$5. 164 on Saturday.
LONDON EXCHANGES.
War Loan 32%
1/4%
1/2 3/16 19%
心
TUESDAY, APRIL 24, 1934.
Slumming in Virgin Islands
Mrs. Franklin D. Roosevelt, pictured during her tour of inspection of ruined homes in the poorer section of Christianstad, St. Croix, Virgin Islands, during her flying tour of the Caribbean,
On T.T. and demand 96
Koon Chun, Esq. P. K. Kwok, Esq. tunity of voicing on behalf of located on the Mezzanine Floor of Wong Yun Tong, Esq. Chan Ching members of the Board and Share- Our New building i Specially Con-Shek, Esq. Li Lan Sang, Esq. Wong holders our thanks to him for his structed to provide all of these Im-Chu Son, Esq. and Kan Ying Po, Esq.
readily given services which have value to the portant Qualities.
been of inestimable Company, and which are fully approximatedly $350,000: in this re- Sovereigns bank buy- preciated.
gard it is unnecessary for me to The profit for the year under re-digress to any extent upon the de- Bar Silver per oz.
lo view amounted $60,292.82.pressing eircumstances contribut-Bar Silver in Hong
Kong with the amount which, together
ing to the inactive condition of of $26,270.83 brought forward the local
Share Market, which Copper Cash
Copper Cents
1% prem. the from the previous year, makes the
been responsible for
Rate of Native Interest 3% pa. of $32,563.65 available for alloca-
Call in security valued, Chinese Sub, Coln...
81% dis. tion, and the proposed recom with the ruling factors of which Hong Kong Sub. Coin par. Imendation of your
you are no doubt only too,familiar. For the purpose of conveying to Shareholders more comprehensive $60,000,00
linformation as to the Company's 32,563.65 Investments, a classification of 1933 them appears upon the Balance
Corner of Ice House Street and Des Voeux Road, 'Central,
Bombay
Calcutta
Canton
Kaiphong
Hankow Honolulu
Kobe Kowloon
THE BANK OF TAIWAN, LTD. London
(TAIWAN GINKO.).
HEAD OFFICE:-Taipeh, Formoss Incorporated by Special Imperial
Charter, 1899.
Central Bank in Porteve
Bank-Sirius katund Arsengi umetal. ...Yan. 11,00
.
New York Osaka
Paris
Pelping
Penang
Rangoon Salgon
San Fcisco
Sourabaya
Swatow
Synder
Talhoku Tientsin Tokyo
Vancouver Yokohama
Every description of Banking and Exchange bustien transacted. Loans, granted on approved securities.
this respect is:- To Pay a Dividend cents per share
Directors
of 30
To Carry forward to next
Recount
The profit for the year Currani Ascounts opened in Local showed a decretion of $7,200
COTTON SILVER AND WHEAT Latest Quotations.
NEW ADVERTISEMENTS.
PUBLIC AUCTION.
THE Undersigned have received instructions to sell by Publis Auction
་ ་
}
ON
Thursday, the 26th. April, 1934. commencing at 10.30 a.m.
at No. 72, Nathan Road, (Marcel Buffet) Kowloon.
A Quantity of Shop Fittings, Partitions, Ceiling Fans
also
One Cash Registered
On View from Wednesday, the
26th. April, 1934.
Terms: Cash on Delivery
LAMMERT BROS, Auctioneers.
Hong Kong, 24th April, 1934.
NEW YORK STOCK · EXCHANGE
A.O.F.C. Quotations.
New York, Yesterday. Dow Jones Averages.
Aver. Aver. Last To-day's Changes"
100.34 105.92 .42 down! 50.08 50.50 .12 down 20.71 20.54 17 down
30 Industrials 120 Rails 120 Utilities
40 Bonds Commodity
Index
95.20 95.18 .02 down
51.52 51.28 .24 down
market
re*
Messra. E. A. Pierce & Co Re- port:The trend of the was somewhat disappointing. After the
last Friday's demonstration, New York, April 24. market is awaiting the publication Messrs. Asia Lands Ltd. have re-lof first-quarter important earning the raived the following quotations on statements, the outcome of the New York cotton and wheat railway wage dispute and legisla- rubber, silk and silver exchanges tive developments at Washington.
WheatMarket nervous op newed liquidation, mostly for. July and September. Weak cables were off-set by dust storma in the North-West. The visible decrease Cot- in stocks is disappointing,
3 lower ton:-After
opening, Prices held quite steady and sen- iment was mixed with a general disposition to await developments at Washington. Silver:-Prices and the fuctuated irregularly
SILVER Silver: Commodity Exchange Inc. of New York:
139 contracts of 186 contracts of market was sensitive to moderate. 25,000 ozs. each 25.000 ozs. each ordera either way. Uncertainty over the legislative programme and the weakness of the Chinese Rubber: Commodity Exchange silver market were depressing in-
..12.64 12.65
Sepi....12.30 12.91
Paris New York Montreal
London, Yesterday.
77 7/32
6.14
5.12
EXCHANGES.
Brussels Amsterdam
21.77
7.53%
TO-DAY'S QUOTATIONS.
Milan Berlin Stockholm Geneva Copenhagen Oslo Vienna Prague
59 15/16
13.042 19.40
On London-
T. T.
1/536
16.7314
One demand
1/634
22.39
Four months' sight 1/52
NEW YORK COMMODITY MARKETS
19.901⁄2
Credits 4 months'
28
sight
1/6%
1224
On New York-
Helsingfors
220%
On demand.
37%
Madrid
37 9/32
Credits 60 daya'
Lisbon
110
sight
39
Athens
535
On Paris-
Bucharest
510
On demand
6572
on the Commodity Exchanges Inc.. New York:-
Belgrade
226
Credits
4 months'
Rio
4*
sight
697%
Glosing Commodity Price April 23.
on
Buenos Aires
364*
On India-
Montevideo
381
Bombay
1/6 1/16
¡On Shanghai-
Shanghai
On demand
1101
Hong Kong
1/5 11/16
Ол Зарап:-
May
Mr.
Yokohama
On demand
122
July
.45.55 45,55
n
On Manit
Silver Spot Forward
[Sept.
.45.90 45.90
Apr. 21 Range Apr. 23 Range .45.10 45.15 44.85 44.85 45.16 45.15 45.55 45.60
19 16/16
On demand
75%
Dee.....46.45 46.55
40.10 46.10
104 13/16
On Singapore-
Total sales for the day:-
On demand
61%
• Sellers Official
-British Wireless Service.
On Batavia
On demand
54%
Markel :-Easy,
On Saigon
RUBBER.
On demand
554
of these Investments at the end of On Bangkok-
On demand 1933 showed a diminution of ap-
Inc. of New York:
Auences.
128%
Apr. 21 Range Apr. 23 Range
Business Done:-1,110,000 shares.
ing rate
1/6
May July
.12.30 12.40
12.46 12.46
Last To-day's
Price Price
12.70 12.72
19%
Air Reduction 12.95 12.35
90%//
90
Dom.
Standard No. 1 "B" Contract. Total sales for the day:--
Allied Chemical & Dyc. 150 American Can
148
...104
103.
nom.
American Radiator
15%
15%
American Smelting....
434 44
SUGAR.
J. 1. Case Sugar: New York Suger & Coffee Caterpillar Go Exchange:
SILK.
American Tel & Tel...122 122 Silk: Commodity Exchange Inc. of American Tobacco "B" 73% American Waterworks 219% New York:
Anpronda Copper Min- Apr. 21 Range Apr. 23 Range May...1.26 1.26% 1.26 1.27 Sept...1.281⁄2 1.29 1.28% 1.28 Dec. ...
unquoted unquoted
73
21%
16%
10%
Auburn
414
40%
Bendix Aviation
194
18號
Borden Ca
25%
25%
Canadian Pacific
10%
16%
Chase National Bank
31
30%
May July
1.40
1.40
Apr. 21. Apr. 23. Consolidated Gas of N.Y. 35
Chrysler Motors
54
5214
384
Curtiss Wright
24 4%
1.47
1.47
Du Pont de Nemours
08
06%
September Market:-Quiet,
1.53
1.53
Eastman Kodak ..
95
34%
Electric Auto-lite Co
27 2714
Cotton
Electric Bond & Share COTTON.
Electric Power & Light 7 New York Cotton Ex-General Electrie
17%
1711
23%
234
Gener Motors
Foods
84%
3514
31
30
38
12
112
22%
42%
41%
14%
14
11.89 11.84 Ligeti & Myers "B"
Inc 11.89 11.90 Loew's
Montgomery Ward 11.99 12:00
Biscuit &. National City Bank 32 National Dairy Products 17%
05%
or
34%
334
81%
31%
43% 2314
31/2
17%
15-
15%
10% 10%
5
5%
3514
34
77
76
8%
8%
70%
60%
- 76%
78%
7712
Воколу-Vacuum Corpn
17
17
Brands
21%
Gan Standard
20,000,000
40%
bushels
bushels
Texas Corpn
27
27
COMPROMISE NOW LESS LIKELY.
AMERICAN GOLD PRICE: (WASHINGTON);
Trans-America
7%
7
Inion Pacific
.131 181
24%
U.8. Treasury Gold
Prioa, per E.
6% 0% 524 51 41.. 40%
in
have Isevere
in as Sheet, and this should assist
Currency and Fixed Deposits received
In compared with that of 1932, such assuring you of the well diversi.
for one year or shorter periods
ROOSEVELT DEFIED BY SILVERITES
(Continued from Page 1)
Senator Elmer Thomas sumnioned being generally ac-fied nature of these securities and 30 silver advocates to meet yester- day morning to hear the Commit- rate of Interest on Special Current terms which will be quoted on appll-counted for by the decrease in re-revenue carning powers. Deposit will he at 20% p.a. on dailycation.
I would subreit that no other tee's report on President Roosevelt's venue by way of Dividends on in- balance and the rate for balance over] Safe Deposit Boxes To Let.
for position, and to plan action most Balance Sheet changes call $10,000 will be quoted on application.
vestments of $13,000, offset in
to favouring mandatory legislation, differences, uny measure by the profit of $7,000 comment,
not despite the President's insistence on realised on disposal of certain in-which specific mention has
On and after August 15th, 1933, the Local
(Maximum rate-1%).
LONDON BAKELAN
Berlays Bank, Liku Lloyds Bank, Lit. Midland Back, Las, Worksineries Bank, Ind.
The Beat his arrespondente in aël the petuospal Bomarcal Contrue throughmut the world.
KONG KONG BRAKOR,
L. XADORA.
9, Vom Road, Benient.
Ivey Kong, Darambar 91, 308
Masage
and Foreign Currencies on diminution
KAN TONG PO,
Chief Manager. Hong Kong, 1st March, 1984.
THE
INC.
Head Office: 65, Broadway, New York.
Capital
THE YOKOHAMA SPECIE BANK Surplus
ناعي
LIMITED.
Established 1880
Reserve Fund
Capital (fully paid-up) Yen.100,000,000
...Yen.122,750,000
Head Office:-YOKOHAMA
Branches and Agencies at:
Alexandria
Reserves
17.8.$6,000,000,00 .U.S.£1,867,089.17 ..0.9.81,718,978.67
BRANCHES:—–—
G Glasgow
Harnes Hansburg
Hotelberg
Arnstardom Ashowt
Athen
Boola
Barila
Bohe
Bromen
Nagusakt
Bramle Calen Calzette Camber
London Tregal
Nagoya
Calen Copenhage
New York
Osaka Paris
Pillsburgh Flaconce
Monte Carle
Murde Mantenes
Mxico City
Kaplas Press Parla Falpink. Falem Rotterdam Bow Shanghai Bouplast Slagspos Tietal Taormina Visors Varice
Depre-months.
SPECIAL TO CHINA MATL
459 contracts 590 contracts
Apr. 21 Range Apr. 23 Range
Safety Gillette ...11.59 11.69 11.47 11.48
Gold Dust July...11.69 11.69 11.57 11.59. Internat Harvester ..11.83 11.83 11.72 11.74 Internat Tol & Tel Dec....11.95 13.95 ...11.99 11.99
May
Oct.
Jan.
July
September
+
Standard Gil Co of. NJ. 40%
Union Carbide & Carbon 4614 Union
vestment during the year. On been made, being self-explanatory, permissive measures onlyUnited change: the debit side of the Prost and No Repulse Bay Development. Press, per S.C. Gold Bar Co.
You will expect to hear from me Loss Account a reduction in Ad- AMERICAN EXPRESS COMPANY,ministrative Expenses of $10,000 some reference to
NAMES OF.U. S. SILVER the projected at
SPECULATORS was compensated by an increase development of your property
It is a matter for in Bank Interest changes; this Repulse Bay. increase accrued despite the lower regret that development has not averaged overdraft prevailing in been possible during the past (By Telegraph, Copyright, Telegra Mar, -.12.07 12.07
considered phic Messages Ordinance, 1894, Re-Middling
Spot..11.75
11.65 1933, as against the year, 1932, and year, it having been
ceived April 24, 852 a.m.)
WHEAT.
Otin Elevator of explanation, I would essential, prior to commencement,
Washington, To-day. by way
Pacife Gas & Electric Wheat: Chicago, Board of Trade: state that in 1982 the Company to obtain from the Government The United States Treasury
Packard Motors April. 21. April 23. Pennsylvanie Ry engaged to an extent in Loan bual-certain amendments in connection Secretary, Mr. Henry Morgenthau,
Radio Corpn nens against approved securities, with Building Covenants; agree-
Roebuck Sears of several which brought to credit the summent having latterly been reached yesterday said that he would give May
the Senate the names of $21.462.11, whereas during the regarding these points, plans are hundreds of people engaged in year under review such business now in course of preparation and
silver speculation, to-day-United Total sales for the day:-
30,000,000 had lot been conducted due to the it is anticipated that work will be Preas, por S.C. Gold Bar Co, adverse. conditions prevailing in commenced within the next few the local Share Market.
In this relation, clear- eintion has again been provided ing of the site has already been for on the usual scale, and the taken in hand, and it is conserva- that facilities estimated Company's Bungalows at Repulse tively
Wathington, To-day. Bay have been well maintained will be available to the public for
The Senate eliver advocaten 'yes- out of revenue.
the Summer Season of 1985.
The adoption of the report and terday met to discuss a program-
7.90 FLIGHTS IN FLYING was seconded by Mr.me in view of the failure, on Sa-Copper, Oct., per lb. 7.71 the Land value at Repulse Bay has accounts
$5.20 increased by $56,500 of which sum Suckling and carried unanimous-turday, to reach an agreement. Tin, Oct., per lb.' ...
BOATS TO-MORROW. Senator Thomas prealded. All classes of Commercial Banking $55,000 the cost of the new roadly.
that Saturday's compromise are appreciably dimin- Transactions undertaken.
now in course of construction. The confirmation of the appoint. He declared
Staff Of Command ment of Mr. T. E. Pearce as a meeting had not got anywhere. Inished, Investment Decrease.
wanted to President Roosevelt's view, that, director, and the re-election of the President Roosevelt
Headquarters. Investment at Coat, totalling retiring directors, the Hon. Bir continue his policy of experimen- any legislation should not be as mandatory, but that, authority to | $2,289,881.76, 'show a decrease of Shou-son Chow, and Mr. P.. Ktation, watching the outcome
fact, when and if he feels it′ advis Arrangements have been mado The Company offers to intending almost $200,000, as compared with Kwok, was carried on the mation he went along Travelers the use of its "Traveler"
Several, Senators submitted able, should be extended to him for the Staff of Command Head- Interest allowed on current At Cheques and Letters of Credit and, the similar item appearing at of Mr. H. M. de Gigurero,
in addition, the world-wide services December 31, 1982, due to the sale seconded by Mr. T, R. Parsons. statements endorsing the Dies by Congress, was thoroughly dis quarters to take flights in the
cussed at yesterday's' meeting visiting R. A. F. Supermarine, Deposita received for fixed periods of its thoroughly equipped Travel De- of securities realising the proft
The retiring auditors, Messra, B!}I. ;'
The concensus of opinion was Southampton Flying Boris to at rates to be obtained on application. partment
already referred to in my remarks Linstead and, Davis, were re-elect: The defiance of the silver blon] O KISHINAM
in connection with the Frost anded on the motion of Mr. A. M. de to Fresident Roosevelt now means, that more permissive legislation morrów. BW. DUGGAN, · Hong Kong, 11th Apr, 1984,"
Manager, Loss Account.
The market value Eca, seconded by Mr. P. Suckling. according to the Administration would be far short of the aliver The fights will commence
30 o'clock in the morning, onelals, that the possibilities of a group's purpose. Reuter.
Batavia
Berlin
Bombay
Calcutta
Canton
Dairen (Dalny)
Fengtien (Mukden) Rio de Janeiro
Hamburg
Hankow
Harbin
Hong Kong
Kobe
Londor
Los Angeles
Manila
Moji
[.
San Fra
Francisco Sentilo HEALLIN
Semarang
Singaport Soerabaya
Bydney Tientsin
Takyo
Tsinglat
Yingkow
Manager.
مالیات
Tokuskan
Zusich
Branches of American Expresi Come pany in Principal cities of United States of America and Canada.
Personal investment accounts handled.
་
Turning to the Balance Sheet,
!?!
Apr. 21 Apr. 28 United Air & Transport 26
United Corpn.g 285.00 $35.00 United States Steel
Westinghouse B & M
METAL
April 19 April 20
55.60
XD.—".