PL
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Autherland Connina $80,008,400 Looped sad Pally Pald-up menama 39,100,000
Euro Fance—
erik...
£1,000,000
• $10,000,000 Boourro Liability of Proprietors to#20,000, 00
HEAD OFFIOR: HONGKONG...
BOARD OF DIRECTORS.
X 3+ €0.8, Mackis Chairman.
3. P. Warren, Esq. Deputy Chairman.
THE CHARTERED BANK - OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1863
HEAD OFFICE: LONDON.
Paid-up Capital
Reserve Fund
£8,000,000 £3,000,000
Reserve Liability of Pro-
prietors
£8,000,000 ||
Agencies and Branches:
Alor Star
Mollo
Rangoon
Amritsar
Ipoh
Salgon
Bangkok
Karachi
Semarang
Batavis
Klang
Seremban
A. B. Complan. Bag,
R. H. Mentor, K.
Bombay
Kobe
Shanghai
T. E. Pearce
Calcutta
Kuala
Singapore
Canton
Cawnpore
Lumpur
Sitiawan
Kuching
Sourabaya
Cebu
Madras
Taiping
Colombo
Manila
Tientsin
Medan
Tongkah
New York
Ha
Pelping
Hankow
(Peking) Yokohama
Harbin
Penang
(Bhuker) Tsingtao Zamboanga
Hon. Mr. W. 12. Bell.
W. 3. Rewick aq.
C. C. Knight, Esq.
AMOT
BA MOKOK
BATAVIA BOMBAY OALCOTTA CANTON CHEFCO COLOMBO
BATREK POOCROW HAIPHONG
IFAMBURO
KANKOW HARBIN BONGEW
Lono
JOHOR
KUBK
YOUTH
TOWLOON
7. Miskin, Kag
Y. M. Omyburn, Zag.
Chief Himanger.
BRANCHES
LONDON
LYONS
MALACCA
MANILA
MUAN (Johor) MOIDEN
NEW VOLE
PRIPIXO PENANG RANDOOK
RAIGHIN
BAN FRANCISCO
KUALA LUMPUR
SHANINIAI
SINGAPOR
TRABATA
MURUKI TATANI
TIEKTSIN
TOITO
ISIKOTIO
YOKOHAMA
Barroni Anconate opsoed is Lord Ouresnes Find Depodle rossimoć fœr von yine short periods in Lonal Company and Tara on terms which will be quoted on spplagian Hong Kong, 13th April, 1984.
HONG KONG SAVINGS BANK.
The Budinem at the above Park is conduct. the TOKO KONO AND SKÅNGMAI BANKING CORPORATION.
vbiilsed in spalication.
FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION.
V. M. ORAYBURN.
Hong Kong, 26th February, 1934.
SAFETY FIRST!
To Safeguard Your Valuablem and Jewelleries.
Deposit them in
Vault
that is realle: FIRE - PROOF
BURGLAR - PROOF
DAMP PROOF I
OUR SAFE DEPOSIT VAULT
Hong Konr
and
THE CHINA MAIL.
Commerce and Finance
NATIVE RUBBER CONTROL
Dutch Government's Assurances.
EXPORT TAX MEASURE
London, To-day. Questioned in the House of Commons, yesterday, regarding | guarantees that the Dutch East Indles would control the output of native rubber, the Secretary for Colonies, Sir Philip Cunliffe: Lister, said that the nutch Gov- ernment had undertaken to en- General sure adequate control.
Foreign Exchange Banking business transacted.
Current Accounts opened and Fix
The Minister understood that in the first instance, the Dutch
ed Deposits received for one year East Indies proposed to control shorter periods at rates which will be] quoted on application.
W. H. E. THOMAS,
Acting Manager. Hong Kong, 20th February, 1984.
THE BANK OF CANTON, LTD.
Established 1912.
Head Office:-Bong Kong.
Liberioed Capital (U.M. Curtuary) ...$11.80P,300 Pull-Up Captainer 1,000,000 Hemera Frid 3,780,000
BRANCHA
Canton. "Thangchat. Bashow, Bangkok,
and Bas Translaan.
LONDON HA KYERS +--
The Klayd's Bank, Lámhled. CORESPONDENTS
In all pelaokpal clliam of the World. Paroles Ernings and backing balmuen of every sportpálen levounched.
Sade Depot Boxsa (variano data) al « guariz Promo 2 in 848
LOOK POONG SHAN.
native exports by an export tax. -Reuter.
Equitable Price Level.
REGULATION DISCUSSED IN COMMONS
London, To-day,
In the House of Commons, yes. (terday, a series of questions were put to the Colonial Secretary, Sir Philip Cunliffe-Lister, regarding the rubber regulation scheme.
(Continued on page 9.) Asked whether he was satisfied that the uncertainly in regard to the {future price of rubber would not net Chief Manager detrimentally against the develop
ment of new uses for rubber which the prosperity of the Indus-
הם
THE BANK OF EAST ASIA, LTD. try must ultimately depend, the
Authorised Capital Paid-up Capital Reserve and Undivided
Proita
Minister replied that one of the $10,000,000.00 main objects of the scheme was to 5,598,800.00 maintain a fair and equitable price $2,434,000.00 level.
HEAD OFFICE:--HONG KONG 12. Des Voeux Road Central.
BOARD OF DIRECTORS:— Sir Shauson Chow, Chairman.
STOCK EXCHANGE CONTROL BILL.
Marginal Requirements,
Reduction Loses.
OVERWHELMING DEFEAT
Washington, To-day.
A proposal to reduce the mar- gin requirements of the Stock Exchange Control; Bill from 45 to 40 per cent. was overwhelm- ingly defeated in the House of Representatives, yesterday, thus disposing of the most controver sial section of the Bill.
Final approval of the Bill:by a large majority is expected.- Reuter.
ORIGINAL PLAN APPROVED
The House of Representatives. later approved the original 45 per feent. margin requirement.
WEAKENING ATTEMPTS
DEFEATED.
Washington, To-day. The Administration has defeated all attempts to weaken the Stock Market Control Bi-United Press, per S.C. Gold Bar Co.
FRIDAY, MAY, 4, 1994.
One of the many protests which grew out of the disbanament
of the CWA and the discharge of werkers is shown as it assumed the proportions of a street riot between Communistic workers in a march on New York City Hall.
U.S. TAX BILL THROUGH.
Increase Amendment Defeated.
SPECIAL TO CHINA NAIL (By Telegraph, Copyright, Telepra- phic Messages Ordinance, 1891. Re-
Washington, To-day.
COTTON, SILVER eived May 4, Bută ani)
AND WHEAT
Latest Quotations.
NEW YORK COMMODITY MARKETS
NEW YORK STOCK EXCHANGE
A.O.F.C. Quotations.
New York, Yesterday. Dow Jones Averages.
Avar. Aver. Last To-day's Changes
.98.82 98.91.12 up 46.29 46.54 25 up .24.10 23.95 .16 down .94.72 94.74.02 up
30 Industrials 20 Rails
The United States Senate has 20 Utiliex adopted the Conference report on Bonds the Tax Bill after rejecting Commodity
Senator Couzens' amendment in- creasing income taxes by 10 per
cent.
Index
51.43 51.10.33 down
NEW ADVERTISEMENTS, L
THE MACAO JOCKEY CLUB
ENTRY
PRIS for the Second Extra
ROGRAMMES ⠀ and
Race Meeting to be held at Macao on SUNDAY, 13th May, 1934, may be obtained from Messrs. Benjamin & Potts, The Sports Club and Hong Kong Jockey Club Stables.
Entries "CLOSED on Friday, 4th May, (TO-DAY), at 3 p.m. Sharp at the Secretary's Office, c/o Messrs. Benjamin & Potts, new Stock Ex- change Building, 4th Floor.
MODERN
TO LET,
three roomed
far
nished flat-quarter of an, hojës Journey from General Post Offe on hillside, facing harbour. Мо- dern sanitation: Excellent servants accommodation.
Rent $105.00 per
month, inclusive of rates, taxes and water. Apply B. & S. (Sugar Ac- counts Dept.)
PUBLIC AUCTIONS. Tinstructions to sell by Publie
THE Undersigned have received
Auction
ON
SATURDAY, 5th May, 1934, commencing at II a.m.
at their Sales Room,
4 Duddell Street,
1 Bale Hankerchief Cloth
60 Doz. Toilet Soaps
3 Cases Umbrella Cloth
2 Doz, pkts. Butywave Shampoos
Wet
Doz. cakes Naldires Dog Soap 2 Doz, pkts. Naldires Dog Powders 2/3 Doz. box Molanyl Marking Ink 5 Sets Douche Cans No. 6 Glass
2 pt.
Messrs. E, A. Pierce & Co Re-4
Sets Douche Cana No. 6 Glass
3 pt.
The Bill now goes to the White port:-"We think that the market House for President Roosevelt's looks a little better: at least, New York, May 4.
it 6 Stethoscoper No. 3 5/6 each signature.-United Press,- per S.C.seemed as though buying became a Mesars. Asia Lands Ltd. have re-Gold Bar Col
and A Quantity ceived the following quotations on
trife more confident, although no Goods, Household Furniture, Sun- of Sample Piece the New York cotton and wheat.
fresh factors have appeared, How dry Goods etc., etc. He thought that it would be rubber, silk and silver exchanges
ever, the volume has not material-) generally agreed that the stability on the Commodity Exchanges Inc.
Terms: Cash on Delivery. of the price was most likely to be New York:-
ly increased on the down-side and,)
LAMMERT BROS.,
Auctioneers.
FLEXIBLE SCHEME
1
Li Koon Chan, Esq. P. K. Kwok, Esq. scheme. It should also be remem-May 3.
secured by a regulated but flexible; Closing Commodity Price OD located on the Mezzanine Floor of Wong Yun Tong, Esq. Chan Chingbered that the scheme contained an Our New building in Specially Con-Shek. Esq. Li Lan Sang, Esq. Wong structed to provide all of these Im-Chu Son, Esq. and Kan Ying Po, Esq. express provision for associating the portant Qualities.
Yon may obtain a Safe Deposit Box in this most up-to-date Vault for Your own the at a very moder- ats Rental
Inspection Cordially Invited.
THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD.
Corner of Ize Nouns Street, and Des Voeux Road, Central.
Kao Tone Po, Esq, Chief Hanager. L THE FORE, Esq., Manager.
BRANCHES AND AGENCIES:--
Manila Melbourne
Ampy
Batavia
Bombay
Nagaanki
Calcutta
New York
Canton
Oska
Seattle Semarang Shanghai Singapore Sourabaya Swatow Synday
Tientsin
Tokyo
Haiphong Hankow Honolulu Robe Kowloon
THE BANK OF TAIWAN, LTD. Londos
(TAIWAN GINKO.)
HEAD OFFICE:-Talpeh, Formosa Incorporated by Special Imperla} Charter, 1809.
Costen) Bank in Forsmann
Paris
Peiping
Penang Rangoon Saigon
Tathoko
Son P'cisco Vancouver Yokohama
Every description of Banking and granted on approved securities.
SILVER
Silver: Commodity Exchange Inc. representatives of the consumers of New York: with the International Committee, who would administer it.
Answering supplementary questions, the Minister said there was по intention of putting he price of rubber on an "artificial level."
Those who drafted the scheme were fully aware it was desirable to have the maximum amount of rub- ber consumed. It was also an es sential part of the scheme that all consumers should be treated alike.
EXRESS OBJECT
The present scheme had been ex-
NEW HIGH LEVEL
SPECIAL TO CHINA MAIL,
(By Telegraph, Copyright. Telegra phie Messages Ordinance, 1894, Re-
May 2 Range May 3 Range crived May 4. 8.52 am) July....42.65 42.70 Sept. .42.83 42.00 .43.09 43.09
Dec.
Mar.
...43.54 43.54
43.00 43.05
43.34 43.35
43.75 43.85
44.20 44.20 Total sales for the day:
300 contracts of 172 contracts of 25,000 ozs. each 25.000 oza. each
Market: Steady.
RUBBER
inc. of New York:
Rubber: Commodity Exchance
May 2 Range May 3 Range! May....14.02 14.03 14.13 14.13 14.31 14.34 14.58 14.00 Standard No. 1 "B" Contract.
Exchange busitiess transacted. Loanipressly designed to avoid wide flue. July....14.22 14.25
for one year or shorter perioda and Foreign Currencles
In
Current Accounts opened in Local tuations which took place under the Sept. 14.44 14.50 Mark-pie jased Arwage amouni ». You can Currency and Fixed Deposita received: Stevenson restriction scheme, and he Total sales for the day:-
On and after August 15th, 1933, the Local rate of Interest on Special Current terms which will be quoted on appli-
at 2% pa. on dolly cation. Deposit will be balance and the rate for balance over Safe Deposit Boxes To Let $16,000 will be quoted on application.
(Maximum rate-1%).
LONDON BANKERE
Barists Book. Lád. Tiards Bank Cas MiBand Bank, Did.. Warincipaine Bank. LM.
The Bosch ler Conseponidente in all the pelospal -Jemiérain! Conire thronghen the mR
MONG KOKO_BRANOR |
I. BADERA.
15. Das Vavat Rand Content.
Hong Kong. Dotember 14, 1981.
KAN TONG PO,
Chief-Manager. Hong Kong, 1st March, 1984.
THE
AMERICAN EXPRESS COMPANY,
INC. Read Office:-65, Broadway, New York
THE YOKOHAMA SPECIE BANK
LIMITED.
Capital Surplus Reserves
Established 1880
Capital (fully paid-up) Yen.160,000,000
Reserve Fund
.Yen.122,750,000
Head, Ofice:¬YOKOHAMA
.U.S.$5,000,000.00
BRANCHES
Пет Heidelberg
again drew attention to its provi-] sions associating customers with the International Rubber Regulation Committee.-British Wireless Ser-
vice.
TEA RESTRICTION SCHEME. East Africa Signify Agreement.
SIMILAR SUGAR PROJECT.
Nairobi, To-day." The East Africa tea planters have reached an agreement on the proposals of the International Tex Committee for the inclusion East Africa in the scheme.
1,051 contructs ~~ 926 contracts SILK.
→
Hong Kong, 4th May, 1984,
has 4uenon
ON
FOR STEEL.
Further Rise Expected. quite possibly, the present decline has about run its course, Wheat: Further moisture in the South- West, scattered
showers in the THE Undersigned have received North-West and a forecast of pro
Tinstructions to sell by Publie bable showers in all States taken the edge off the dry-weather market. Luck of deliveries keeps May position relatively Arm. Cal- 1on: There is no particular news and the market is a quiet affair. Spot houses bought, which buying. is believed to represent the liftluk of hedges against sales of actual! cotton to China. Silver: market is generally nervous, being affected by moderate ordera either
Youngstown, To-day. Steel operations here have reached 62 per cent.. the highest for the year.
It is estimuled that it will touch 64 per cent. shortly.-United Press,
per C. Gold Bar Co.
LOCAL DOLLAR
RECOVERS.
Wednesday, the 9th May, 1934, commencing at 2.30 pm.
at their Kowloon Sales Room, No. 35, Hankow Road, Kowloon
A Quantity of VALUABLE HOUSEHOLD
FURNITURE
The comprising:--
Chesterfield couch and arm- chairs, Bedsteads, Wardrobe,
Spot Silver Advances. way, interest still being show re- Dressing tables, Chest of drawers,
garding possible developments at Hatstand, Chairs, Sideboard, Din- Washington."-Reuter.
ing table, Cabinet, Bookcase, Desk, Business Done:-1,110,000 shares.
Washstand, Flower stand, Table, Last To-day's Screen, Teapoys, Ice chest, Brass Price ware, Silver ware, Tea bet, Dinner crockery, Carpets, Ruga, Linen, Mirror, Enamel bath, Shanghai bath, Ornaments, etc., etc.
The local dollar has re covered 1, opening on de- mand to-day at 1/4%. Spot silver prices advanced 1/16, closing yesterday at 184, while Air Reduction forward silver remained steady at Allied Chemical & Dyc .143 Silk: Commodity Exchange Inc, of 18 13/18.
American Can New York:
The London on New York cross American Radiator May 2 Range May 3 Range rate, which closed on Wednesday American Tel & Tel Amarican Smelting May.1.18% 1.18 1.18 1.20 at -U.S.$0.12% yesterday, closed American Tobarro “p Sept. 1.23% 1.24 1.22 1.22 at U.S.$5.12%, while the New American Waterworks Dec....1.23% 1.23% 1.21% 1.21% York on London rate yesterday Anaconda Copper Min
SUGAR.
closed at E-U.S.$5.12%,
1.. Sugar: New York Bugar & Conerpared with -U.S.45.12 Exchange:
Wednesday,
May 2 May 3,
1.48
1.49
1.58 1.53
COTTON. New York Cotton Ex-
Price
..100% 101
145
09
14%
14%
39
39%
114
70%
41%
19
10
15
13
41%
104
235
10%
#5
30%
20
Chrysler Motors
Consolidated, Gas of NY. 84%
01
as com-Auburn
On
London, Yesterday.
5,12% 5.11%
21.87
15.75/2
Bendix
Aviation Borden Co
Canadian Pacifie J. 1. Case
../Caterpillar Co
Chase National Bank
Cartian Wright........ Du Pont de Nemours Eastman Kodak..
ectric Auto-lite Co22% Electrie
Electric Band & Share
Power & Light 6'4
May July
LONDON EXCHANGES.
‚U.8.31,667,089.17
September
1,59 2.00
.U.S.$1,718,979,67
Market:-Quiet
Paris
77 18/32
New York ...
Ansarlam Antwor
Mxlow City
Oligos Karaca
- ABERD
If Amberg
Bala
Boilin
Wi Haplos
Paris Pelping
Cotton. change:
Montréal
Brussels
of
Bombay
Branches and Agencies at:
Cairo Caleksa
Alexandria
Batavia
Berlin
Bombay
Calculta
CHADE Colombe Copenhagen Dubilie Rinburgh Forme
Loc Tápi Inte
LA
Mole Care
Mwaloh Modi MOON
Baslerde Bom Bhanghal Boutpos Mag
Taormina Vienas Violes Tokukam Zurich
The sugar industry is prepared to join in a similar scheme,
Oct.
May 2 Range May 3 Range, May.10.82 10.82 restriction
10.74-10.74 July ...10.95 10.97 10.87 10.68 ..11.10 11.11 11.03 11,04
Geneva Amsterdam Milan.
Berlin
Dec.
.11.22 11.22
11.15-11.15
Jan.
.11.28 11.29
11.21.11.21
Vienna Prague
7.54 60 12.97 28
General Electric
Genoral Foods
General Motors
Gillette Safety
1224
Gold Dust
Mar. ...11.98 11.38 Middling
11.31 11.83
Spot..11.00
11.00
WHEAT. Wheat: Chicago Board of Trader
Oalo Stockholm Helsingfors Madrid Copenhagen
19.90% 19.40
228%
B7 5/16
22.89
May 2 May 3
Lisbon
·110..
May July
78%
78%
774
77/
September ....
78%
*773/2
Athens
Bucharest...
Belgrade
530 Sellers
O Elevator
··810".
Picine
GAT & Electric
225
Packard Motore
Total sales for the day:
30,000,000
burbela
20,000,000 buskals
Buenos Aires Rio
83%
Montevideo.
20%
34% *384
also
A Quantity of
BLACKWOOD FURNITURE
and
One "Oldsmobile" Touring Car
- Cylinders-5 Seater.
On View from Tuesday, the 8th
23 May, 1934,
Terms: Cash on Delivery
LAMMERT REOS,
Auctioneers,
Hong Kong, 4th May, 1984.
Nagunaki Nagoya New York Deska Parla Dairen (Dalny)
Rangoon (Fengtien (Mukden) Rio de Janeiro
Hamborg
San Francisco
Hong Kong
Honolulu
Binking
Karachi
Tobe
London
Los Angeles
Pelping
Soerabaya Sydney Tientsin Tokyo
Branches of American Expreza Corn- pany in Principal cition of United States of America and Canada.
All classes of Commercial Banking Transactions undertaken.
investment accounta
The proposals of both industries are at present under consideration at a conference of East African Governors-Reuter.
THE OVERSEAS NATIONAL
BANK LTD.
National Bank Building, BA, Dea Voour Road, Cenizal Authorised Capital..... $5,000,000,00 Fald-up Capital 1,000,000.00
New York, London and^ The Company offers to intending
Paris Agents; Travelers Che use of its "Travelers BANKERS TRUST COMPANY. A-Cheques and Letters of Credit and,We offer facilities for the transac In addition, the world-wide services tion of general banking business,
Personal handled.
Manila
Tsingtau Yingkow
Mos
fg Interest allowed on current
AMERICAN, GOLD PRICE: (WASHINGTON),
May 2 May 3 U.B. Treasury Gold
Prica, per or).$85.00 $85.00 transacted. Stacki
METAL Lokna
April 80 May 3. LEE FANG, Copper, Oct., per. lb 7.68. General Manager, Tin, Oct., per lb. 55,10
Deposits received. for: fixed periods of tix thoroughly equipped Travel DeForeign Exchand, sold.
/rates to be obtained on application.Į partment.
C. KIBHINAMI,
Hong Koog. 11th April, 1984.
Manager.
EW. DUGGAN,
Manager.
and bonda granted on
n' approved securities
7.59 53.901
Bombay
Shanghal
Hong Kong
Yokohama
Internat Harvester
10% 10% 20%
Internat Tel & Tel 5, 18%
rett & Myers "B"
Montgomery
National Biscuit
026 02%
*7
92
274 272 30% National City Bank 20%+ 20 National Dairy Products 16%
Pennsylvania Corpn.
Radie 4*20
384 1/6-3/82:
1/2
Silver Spot. 182/
· Silvery Forward! 1.si dezanyie Warloan 34% 102: 15/16
Bellars Official
British Wirašaus Servi
Sea Loobuck Socony-Vacuum Corpn Standard Brands
Standard! GRR! Slamawed: Oil, Co, nf... NA
Trans-America Union:Darbidè & Carboní
| Unión Pacific co
United Air & Transpo United Corpo
GENERAL NOTICES,
THE CANTON. INSURANCE OFFICE LTD.
NOTÍCE TO SHAREHOLDERS.
THE FIFTY-THIRD
ORDIN-
on
ARY GENERAL MEETING of Shareholders will be held at 18% the Offices of the undersigned 18% FRIDAY, the 25th May, 1984, at 18% Noon, for the purpose of receiv- hing the Report of the General 31%
18
18.
8%
8
Agenta, together with a Statement 45, [of Accounts for the year ended 1516% the 31st December, 1939,
The SHARE REGISTER and TRANSFER BOOKS will be 25% CLOSED from the 11th to the 625th May, 1934, both days inclu- 4sive.
United States Steel Wastinghouse E&M. 27
JARDINE, MATHESON & Co., Ltd,
General Agents. Hong Kong, 3rd May, 1984.