+
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Authorized Cap
$68,00,000 Isovet and Tully Zaidup sem,800,000
Reserve Funda -
cm & 9,000,200. .
20.000.000
Kanaren Liability of Proprietors 20,603, DI
HEAD OFFICE, HOXOXONG,
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1859.
HEAD OFFICE: LONDON.
Paid-up Capital
Reserve Fund
£5,000,000 .£3,000,000
Reserve Elability of Pro-
prietors
£3,000,000
Hon. Mr. C,G,N. Mackle Chair more.
Alor Star
Rangoon
Amritsar
Saigon
Semarang Seremban
BOARD OF DIRECTORS.
3. P. Warina, İtma- Deputy Chairm
Han, Mr. W. . not.
A. R. Compion, Fag. W. J. Kenwick RaG. C. C. Knight, Eng
AXOY ΣΑΝΟΣΟΣ
BATAVIA IINNAT CALCUTTA ORNTOK CKYFOO QOLONDO DAINEN POOCHOW HAIPHONG HAMBURG HANKOW HARRIN
RONGEWEA
ILAILO
TOR
TOHOME
KOBY
KOWLOON
D. Miskin,Evg.
K. H, Marrison, Ex »
T. E. Pearce
V. M. Grzyburn, Eng
Chief Maunger.
BRANCHES --
LONDON
ZTOKE MALACOM MANILA
MUAR (Johore! MURDEN
.NEW YORK -PEIPING
PENANG RANGOON
RATOON
SAN FRANCISCO
KUALA LUMPUR
SHANGHAI
BINGAPORE
KOURABAYA
NONGEJ PATARI
ΤΕΠΝΤΟΙΝ
TYJETO
16INGTAO
TOKOHAMA
Agencies und Branches:
Bangkok Batavia Bombay
Calcutta Canton
pare
Illollo
Ipoh
Karachi
Klang Kobe
Kuala
Madras
Sitiawan
Sping Tientsin Tongkah
Lumpur Kuching
Manila
Medas
•
New York
(Bhuker)
Hamburg. Hankow
Peiping
Tsingtao
(Peking) Yokohama
Colombo Haiphong
Delhi
Harbin Penang Zamboanga
Hong Kong.
General
COMMERCE
AND FINANCE
THE CHINA MAIL.
PROGRAMME IN DETAIL
(Continued from page 1.)
"The meeting also explored the polley having 25 per cent, mone- tary value of the metallle reserves form of of the country in the silver."
The silver
advocates left the White House amiling and observed that if the programme worked out It would be satisfactory.
CONFERENCE NOT FINAL
Foreign Exchange and
It is emphasised that the White!
WAB House conference
not final. Banking business transacted.
Current Accounts opened and Fix More meetings will be held, which
ed Deposits received for one year or
Where the Woman Pays Taxes With Toil
WEDNESDAY, MAY 9, 1934.
Death and taxes, pay the cynici, are the only things one can be sure of. It is taxes that be- Having no money wilder Liese colourfully-attired peasant women in the Isle of Ushant, France.
they must pay their debt to the government by breaking stones for use in construction of a state highway profect
shorter periods at rates which will be is regarded as a definite indication COTTON, SILVER
quoted on application.
W. H. E. THOMAS,
Acting Manager, Hong Kong, 20th February, 1934.
that a final agreement was not reach-
ed between the President and the pro- silver bloc on the legislative gramme.
One member indicated that the
Carvest Sivable eased to Ford Gere THE BANK OF CANTON, LTD. group was meeting with the Trea
and Fiend Dapcali conated for ens your o
sharter periode in Toral Company and Bioeling
* terma which will be quoted on upp Kostic
Hong Kong, 13th April, 1984.
HONG KONG SAVINGS BANK.
The Bulun of the shore Bakk fa sondank a is the HONG KONG AND RUANGNAT BANKING CORPORATION.
Balac may be
101 TUI HONGKONG AND SHANGHAI BANKING CORPORATION,
7. X. GRATEN,
CharaRII.
Hong Kong, 26th February, 1984.
SAFETY FIRST !
To Safeguard Your Valuables and Jewelleries. Deport them in a Vault
that in realit: FIRE-PROOF
BURGLAR-PROOF
DAMP PROOF!
OUR SAFE DEPOSIT VAULT
Established 1912.
Head Office-Hong Kong.
Ashore Capital (U.K. Currency} ...031,100,000 Pl-Up Dept 1,045.000 Reverte Yani 7,350,000
Chabot.
BRANORMA
Theachal
sury Secretary, Mr. Henry Morgen-i thau and other Treasury officials, to-day in an effort to draft legisla tion for passage at this session of Congress.
He added that the Bill's declara- Fabre, Bangkok,tion of policy would be mandatory,
and Ras Pranleen, LONDOR BANKERF !--
The lord's Beak, Limited. CORRESPONDENT
In all weinnipal viiden of the World.
Forel Erekangs and backing boddam
ry description tested.
Sale Deposit Borse (variour alanci ́al o paarly
senal of fron B8 le 240.
LOOK POONG SHAN.
Chief Manager.
Reuter.
Prospect Of Action
This Session.
AND WHEAT Latest Quotations.
The
New York, May 9. American Oriental Fin-On New York- anee Corporation have received
following Ithe
quotations on the New York cotton and wheat. rubber, silk and silver exchanges On Paris- on the Commodity Exchanges Luc..
On demand New York:-
Credite 4 months'
sight
Closing Commodity May 8,
Silver: Commodity Exchange Inc. of New York:
NEW YORK STOCK EXCHANGE
A.O.F.C. Quotations.
New York. Yesterday. Dow Jones Averages.
Aver. Aver. Last To-day's Changes.
30 Industrials 06.61 97.16 1.65 up 20 Rails...
43.70 44.57 .87 up 22.29.22.01 .02 up |20 Utilities
94.43 94.21 22 down
53.72 54.51
.70 un
OBITUARY
Late Mrs. G. Stone Laid To Rest.
FUNERAL · AT≈HAPPY VALLEY
The funeral took place at the Protestant Cemetery yesterday of the late Mrs. G. Stone, wife of Mr. P. E. F. Stone, of the Hong Kong and Whampoa Dock Co., Ltd., who died at her Kowloon residence yes- terday, at the age of 69 years.
The service was performed by the Rev. J. R. Higgs, Vicar of St. An- drew's Church.
The chief mourners
were:-MT.
W. F. Stone (son) and Mrs. Stone (daughter-in-law) and Miss
N
Stone (daughter). Others present included Messrs. R. G. Craig, J. Re- vie, J. Proven, D. Keith, W, Ford, R. Lapaley, B. H. Church, J. G. Ozorio, V. M. Hast, W. Hedley, R. E. Hoare, and R. J. Goodman.
In addition to those from the family, flowers were sent by "Fred-
die", "Bill and Marge," "Mother and
The Twins," "Ret," Dr. and Mrs. Balen. Mr. and Mrs. M. R. Bell, Mrs. Capell and family, Mr. and Mrs. N. H. Church, Mr. and Mrs. E. Coek, Mr. and Mrs. W. Ford, Mrs, and Miss Harris-Gill, Mr. and Mrs. R. J. Goodman. Mr. and Mrs. V. M. Grayburn, Mr. and Mrs. V. M. last, Mr. and Mrs. G. Henderson, Mr. and Mrs. Hedley, Mr. and Mrs. L. N. Meaars. E. A. Pierce & Co. Re-Murphy, Mr. and Mrs. N. L. H. port:-"It is hard to say whether Railton, Mr. and Mrs. W. J. Rattey the market rallied because of the and Mary, Mr. and Mrs. J. M. V. reported agreement on silver legis-Remedios, Mr. and Mrs. W. Ritchie, lation or because the volume of Miss D. Sawyer, Dr. and Mrs. J. T. selling this morning was consider-Smalley, Mr. and Mrs. Stonehman, ably less than had been anticipated. Mr. and Mrs. C. J. Triggs, Music There may be another test to-mor-Pupils of the Diocesan Girls' School, row, if resistance is present at above Staff of the Diocesan Girls' School, Hong Kong and the low levels of yesterday, and we Typists of the
fair comeback Whampoa Dock Co., Ltd. and Euro- might get a very Whent: Scattered showers over part pean Staff of the Hong Kong and of the grain belt caused an easier Whampoa Dock Co., Ltd. opening. Official reports, however, showed that the rain-fall was insufl- cient the market rallying following Cot- Minneapolis and Winnipeg. ton: Europe and the Far East bought and there was also a notice-! able improvement in speculative buying. Silver: Developments · had la bullish, effect on sentiment, the 1market opening quiet and frregular, |awaiting the outcome of the Confer»!
EXCHANGES.
TO-DAY'S QUOTATIONS.
On London-
T. T.
1/5
On demand
1/5
NEW YORK COMMODITY MARKETS
Four months' sight 1/6% Credits 4 months'
sight
1/5%
On demand
36
20 Ponds
Credits 60 daya'
sight
Commodity
37%
Index ....
Price ob
5472
587
SILVER
On India-
On T.T. and demand 94% [On Shanghai-
On demand
1102
45.70 45.90 45.85 45.90 46.32 46.32
Оп Јарап:-
On demand ... Un Manila-
119%
On demand
72
25.000 ozs. each
On demand
6034
Market:-Strong.
On Batavia-
On demand ....
$3
On Saigon-
On demand
544
On Bangkok-
Sept....15.60 15.69
15.22 15.28 18.59 16.56
LOCAL DOLLAR IMPROVES.
Standard No. 1 “B” Contract Total sales for the day:-
SILK.
On demand Bovereigns bank buy-
1/55% ing rate Bar Silver per oz.... 19% Bar Silver in Hong
Kong
130%
ZOM.
nom.
Copper Cents
1% prem
SPECIAL TO CHINA MAIL. (By_Telegraph, Copyright, Telegra
May 7 Range May 8 Range ....43.92 43.07 45.50 45.65 Sept....44.19 44.19 Dec.....44.65 44.55
THE BANK OF EAST ASIA, LTD.phic Messages Ordinance, 1864, Re-July
ceived May 9, 1.38 a.m.)
Authorised Capital
.... $10,000,000.00 Paid-up Capital .... $5.598.600.00 Reserve and Undivided
Produs
Washington, To-day.
President Roosevelt and Senator Mar....45.00 45.00 Robinson, the Democratic Senate Total sales for the day:
$2,454,000.00 leader, yesterday conferred on sil-298 contracts of 418 contracts of On Singapors~~
ver at the White House after 25,000 ozs, each
HEAD OFFICE-HONG KONG 12. Des Voeux Road Central.
BOARD OF DIRECTORS:- gir Shouson Chow, Chairman.
which Senator Robinson said that
is of
RUBBER.. Rubber: Commodity Exchange
he understood that legislation being drafted with prospects located on the Mezzanine Floor of Li Roon Chun, Esq. P. K. Kwok, Esq. consideration at the present ses- Inc. of New York: Our New building is Specially Con Wang Yan Tong. Esq. Chan Ching gion of Congress.United Press, structed to provide all of these Im-Shek, Esq. Li Lan Sang. Esq. Wong per S.C. Gold Bar Co. portant Qualities.
Safe Denorit Box in this most up-to-date Vault) for your own use at a very moder- ate Rental
You may obtain a
Inspection Cordially Invited.
Chu Son, Esq. and Kan Ying Po, Esq.
Kan Tone Po, Esq. Chief Manager,
Li Tae Fong, Esq., Manager.
BRANCHES AND AGENCIES---
THE NATIONAL COMMERCIAL Amoy
& SAVINGS BANK, LTD. Corner of Ice House Hireet and Des Voeux Road, Central.
THE BANK OF TAIWAN, LTD.
·(TAIWAN GINKO.),
HEAD OFFICE:-Taipeh, Formoss Incorporated by Special Imperial Charter, 1899.
Central Beak in Formos
Batavia Bombay
Seattle Remarang Shanghai Singapore
Calcutta Canton
Mande Melbourne Nagasaki New York
Haiphong
Croks Pers
Snurabaya Swatow
Peiping Syndey
Tathoku
Tientsin
Bankow Honolula Penang Kobe
Ringood
Kowloon Raigan London
San Felico
Tokyo
Vancouver Yokohama
Every description of Banking and
Silver Prices Advance.
The local dollar has advan- ced opening on demand to- day at 1/5.
Both spot and forward silver að- vanced 1/16, closing at 19% and |19 3/16, respectively.
The London on New York cross rate, which closed on Monday at Exchange business transacted. Loans US$5.11%, closed yesterday at granted an approved securities,
Current Accounts opened in Local US.$5.10%, while the New York Bass-Fosse lasted Arores mogul Tea. 4. Currency and Fixed Deposits received on London rate closed yesterday at On and after August 15th, 1933, the for one year or shorter periods in £-U.S.$5.12%, as compared with
Local and Forelem Currencies rate of Interest on Special Current, Deposit will be at 2% p.a. on daily which will be quoted on appli- balance and the rate for balance over cation. $10,000 will be quoted an application. (Maximum rate-114).
LONDON BANKERS,
Barplays Bank, Lada, Láøydı Bash, Tai, Midland Boak, Lid, Warkalorier Bank, Ltd.
The Bob hac Corsopvaleria le all the pelampal Jummarnial Content throughout the watë.
2018 KONU BRANCH:
X. XAQURA,
4. Dan Faux Book Contral
· Bone "Lang, Dorother M; 1901.-------
Излари
THE
* £-U.S.$5.10% on Monday.
National Bank Building,
BA, Dos Voeux Road, Central.
May
May 7 Range May 8 Range ....15.23 15.23
July....15.39 15.40
16.06 15.06
3,002 contracts-1,005 contracts
Slik: Commodity Exchange Inc, of Copper Cash New York:
1.22
May 7 Range May 8 Range Rate of Native Interest 8% p.a. May....1.20 - 1.23
1.24 Chinese Sub, Coin.... 32% dis. Sept. ..1.24 1.29 125% 125 Hong Kong Sub. Cola par, Dec.....1.24 1.24 1.25% 1.26 SUGAR. Sugar: New York Sugar & Coffee Exchange:
1
May 7 May 8.
1.55 1,55
LONDON EXCHANGES.
11.63 11.65
11.75 11.77
11.80 11.80
Oale Vienna
ence.
OLD PORTUGUESE RESIDENT PASSES.
Death Of Mrs. A. F. J. Soares.
The death occurred yesterday of
After the report on the Con-Mrs. A. F. J. Soares, widow of the ference, buying became general on late Mr. A. F. J. Soares, who was all options, Senator Thomas has a property broker and a plancer la announced that an agreentent, in the development of Kowloon some principle, has been reached between 30 year ago.
Mrs. Soares, who was 77 years the President and the Senate Silver Group and added that legislation of age, is survived by a son, Mr. well-known would be drafted on Wednesday by A. M. L. Soares, the
the Group co-operating with a merchant and race pony owner and special adviser from the Treasury, a daughter, Mrs. J. M. Alves. He stated that the principle agreed
The funeral will take place this
upon was that all domestle silver be afternoon passing the Monument, nationalized at a price not to exceed Happy Valley, at 6.30 p.m.
fifty cents and that the Treasury
would continue to buy newly-mined silver at 64 cents.-Reuter.
Business Done-1,860,000 shares.
PROTECTION OF CHILDREN.
MR. COOPER SPEAKS AT- ROTARY TIFFEN -
London, Yesterday.
Мау
Paris
July
1.58 1,58
New York
77 9/32 6.11 13%
September
1.65 1.65
Montreal
Market:-Firm.
Brussela
5.09 21.85
Last To-day's
COTTON.
Cotton New York Cotton Ex- change:
Geneva Amsterdam
15.74/2
Price Pric
7.53%
Air Reduction
D8
19
Safe Deposit Boxes To Let.
KAN TONG PO,
Chief Manager. Hong Kong, 1st March, 1984. -
May 7 Range May 8 Range)
THE OVERSEAS NATIONAL BANK, LTD.
May
...11.20 11.20
11.85 11.35
July
..11,32 11.33
11.48 11.49
Berlin Milan Stockholm Copenhagen
12.94 60
Allied Chemical & Dye .142
140
American Can
0814
Work Of Society In Hong Kong Reviewed.
19.40
American Radiator
13%2
14%
22.892
American Smelting .... 88
4144
Oct,
.11.48 11.49
19.302
American Tel. & Tel. 100% American Tobacco """"
111%
Dec.
. 11:59 11.60
70%
71%
28
Jan.
.11.67 11.68
Mar. ...11.78 11.78
11.90.11.97
Prague Helsingfors
122%
Waterworks 17% Copper Mining 14%
18
15
226/4
Auburn
11.65
Madrid
37 5/16.
Borden
Bendix Aviation
364%
2314
WHEAT
Lisbon
110
Canadian Pacific
18
23 18%
Athens
580 Sellers
B4%
57
May 7 May 8.
Bucharest
510
284
28+
84% 82% 84
85%
Belgrade
225
4214
Rio
4*
8434
Buenos Aires
364
送
Shanghai
1/8/
40,000,000 bushels
Bombay
1/6 3/32
Hong Kong
1/5
Yokohama
1/2
Silver Spot
AMERICAN EXPRESS COMPANY, INC.
Head Office: 65, Broadway, New York.
THE YOKOHAMA SPECIE BANK Capital
LIMITED.
Established 1888
Capital (fully paid-up) Yen,100,000,000 Reserve Fund
.U.S.$8,000,000,00 .U).S.31,867,089.17 ..U.8.$1,718,979.67
Authorized Capital $5,000,000,00| Middling Paid-up Capital ........... 1,000,000.00 Spot 11.45.
New York, London and
Wheat: Chicago Board of Trade:
May
July
Loani
Paris Agents; BANKERS TRUST COMPANY. We offer facilities for the transac» tion of general banking business. Foreign Exchange transacted. Stacks and bonds bought and sold. granted on approved securities.
LEE FANG, General Manager.
September.... 8814
Total sales for the day:-
20,000,000
buahela
AMERICAN GOLD PRICE:
(WASHINGTON).
Burples Reserves
Ametodam Anyway
.Yen.122,750,000
Athens Альова
Bo Вемония Bromela
Dolombia Cannes Galombe Copenhage Babka Wiinburgh Parvin Desva
BRANCHES 1----
Chance Glasgow
Hamburg RAVI tildelberg
Jormaalom
Myles City Mi Maples
PA
Purse Palping
THE MERCANTILE BANK OF INDIA, LTD.
U.S. Treasury Gold
Labor
Marmatiei
Head Office:-YOKOHAMA
Branches and Agencies at:
Alexandria Batavia Berlin Bombay
Calcutta
-
(Dalny)
Nagasaid Nagoya
New York Oraka
Peiping Rangoon
Sekden's Rio de Jensiro
Hamburg
Bankow
Beauti..
Harbin
Horr Kone
Herafulu
Hainking Karacal Kobe
London
Los Angeles Manila
Ban Francisco Bestila Bernerang Shanghai Singapore Boerabaya
Sydney
Tientsin
Monte Carl
Southamptod
Blagos Textile Taormina
Vandag
இத
་
HEAD OFFICE)
18, Ommelwech Barsen, Konkan, BOM
Authorised Capital ....£1,000,000
Bubscribed Capital".
..... 1,800,000 Paid-up Capital 1,050,000 Reserve Fund & Rest. 1,240,785 SAFERRE G
Branches of American Express Com- The Bond at Hagisel à Midland Bank, Tada! pany in Principal cities of United States of America and Canada.
HRAMOTORS I
Bank
Ipok
New York
Delucia
All classes of Commercial Banking Transactions undertaken.
Kota Bharu
(Maorislar)
Personal investment, accounta handled.
Kunnian (Falung). Simia
Binangon
...
Madra
HONG KONG BRANCOL
Tokyo Tsingtau
Hypy komiplan of Banking and Brabangs bed Yingkow
The Company offers to intending
Trustee and Exsentorship under Interest allowed on current A. Travelers the use of its "Travalera
Obecner"" and Letters of Credit and, silama
addition, the world-wide servicns Taposits received for sized periods of the thoroughly equipped Trave) Deky hd
expnta.
G. KIBEINAMI, DA
Hong Kong 11th April, 1934.
Manager.
partmant
W. W. DUGGAN,
Manager.
7. B. ROSS,
1, Queen's Hand Contest.
Hong Kong, End: May, 1988.
May 7. May 8,
Prics, per ... #85.00 £35,00
HK. SHAREBROKERS'
ASSOCIATION.
Stock Report.
Forward".
19:3/16
19%
103
• Bellers Official
War Loan 82%
L. CARE
Caterpillar Com
Chase National Bank
Chrysler Motors
Consolidated Gas of N.Y. 324
Curtiss Wright....
Du Pont de Nemours,
Eastman Kodak ..
874 864
PICK DOW & Light 5
In the course of an interesting 87% lecture at the Rotary Tiffin at the 15% Hong Kong Hotel yesterday, Mr. M. LA. Cooper, an honorary Director of of the Society for the Protection 2814 Children, dealt with the work of the 28% Society in Hong Kong and the diffi- 48% culties with which it had to contend. 8314
He said that overcrowding would
*
87% continue just as long as the indus- 87% trial and commercial organisations 21% of this part of the world relied on 14 the use of a high proportion of un-.
skilled and low paid labour.
Electric. Auto-lite Cof 20%4 Electric Bond & Share. 14%
20%
38434
General
General
Electric
Foods General Motors
Gillette Safety
Gold Dust
British Wireless Service Internat, Harvester
JUDGMENT FOR
· STENOGRAPHER.
Claim For Wages Upheld
Internat. Tel & Tel
Liggets & Myers "B" Loww's Ino.
Montgomery Ward
National Blacult National City Bank National Dairy Prod."
Elevator
Pacific Gas & Electric Packard Motors
Pennsylvania Ely.
The following. report was issued Judgment for the plaintif was Radio Corpn......
Sears Roebuck
10%
10%
8614
02
21
Rotarian T. B; Wilson presided and guests, welcomed were Rotarians 10% Boffa, Henri Sechaeud, of Montreux, 2014 Switzerland, Dr. J. MacWillis," of [Califórnia; Mr. A. S. Mitchell, Met- 11402
124
bourne, Mr, S. Yamamoto, B. V. 81% 82% Boxer, W. J. Heirtjes, London.
26 26% Rotarian J. Morris was welcomed 30%
back from leave. 28% 28% 16% 15% 1454 1574
19
2514
174 1
4%
30% 82
428 - 44% 1814 167
15
**
19
20%
10
24% 2014 -6%
64
by the Hong Kong Sharebrokers given by Mr. Justice Jacks in the Bacony-Vacuum Corpn.
case in which Charles Chan, trading Blandard - Branda | Association yesterday afternoon:
Banks $1888 b. Onderwriters As the International Employment Blandard Gar $1.10 b.; H. E. Fires #286 Douglas Agency, Whiteaway, Laidlaw Build- Standard Oil Co. of N.J. 427
Техая Corpn. $86% b. Vens Goldfields $6.80 biting, Des Vœux Road Central, was Trana-America Ewas $10,95 b.: Wharves $99 bro-sued at the Supreme Court yester-Union Carbide & Carbon 40% 41% videnta (old) Los b. Dock $16.20 by by his former stenographer, Union Pacific prosz1251 6181% by Tranos 821.10 (015) 19/15 Electries 125th Mrs. A. Lee, for 157, representing United Alir & Transport 20
as Telephones(old) 328.00 by salary alleged to be due to the plain United Corp.
534 Cementa $2.10 by Constructions (old) in from February 10 to Avril 2 of Westinghouse. E. & M. 13% 25/
44% 45% United States Steel ... $1.90 h. Constructions (new) 70 etaj this year,
BID Gold Bonds / #87%-'
20%
,
THE
CANADA SHOE CO.
18, D'Agullar St.-cor. Wallligton St.
High Grads Footwear for D LADIES and GENTLEMEN "A large assortment in stock also Shoes made to order, PROMENADE SHOES-
HIDING BOOTS and LEGGINGS.
- DRESS SHOESSEN,
Tel. 38723