BANKS
HONG KONG AND SHANGHAI
THE CHARTERED BANK OF BANKING CORPORATION. INDIA, AUSTRALIA & CHINA.
Aiborived Capital
- $50,000,000
Led and Fully Paid-up 20,000,000 Incorporated by Royal Charter, 1858.)
Bosneva Fundac
Harling
Ber...
Becerra Litability of Proprietors
Chairma
A. 1. Dodwell,
Dapely Chelate.
Hom/Sir. W. II. Ball.
Reserve Liability of Pro-
£40,000 $10,000
HEAD OFFICE: LONDON
2,300,000
Paid-up Capital
HEAD OFFICE: HOTAKONG.
Reserve Fund
.£3,000,000 £3,000,000
BOARD OF DIRECTORS, Hon. Mis. 0. 0, 8. Machlo
prietors
£3,000,000
Agencies and Branches:
Aler Ber
Hleda
Stangono
Arrestime
Falgun
Bangkok
Karachi
Belastan
Batavia
G. 3fjakin, Eng.
Roy
Bethan
1. Compton, Esq.
K. N. Harmanų, Faq.
Bombay
Kale
Flagial
J. Knewick, Eng.
1. Pero, Esq.
Calcutia
Kusis
Fingapore
Chalet
Laimpue
Aklawan
C. C. Kaleks. Erg.
Cavapore
Kushion
Bourabay
Cabu
Madras
Telping
Colorabe
Hesit
Tiental
Dalki
Medan
Torgkah
Haiphong
New York
Hamburg
Telplug
baker] วิทย
Bankow
(Peking)
MCAR phora)
V. M. Orayburn, Esq.
Chal Maunger.
GLOSS
AMOY
DANOKOK DATAVIA BUMILY
CALCUTTA
OLETIK
COLOMBO
BRANCHES:-
LAINIPER
MALACCA
31ASILA
MINDEN
NEW YORK
PESARO
SAIGON
GANTON
PEIFING
DAIREN
PODCHOW
HAIPHONU
SAN FRANCISCO
SHASUMAT
HAMBUDO HANKOW ITATIS BONOKEW
ILOILO
IPOH
FORDRE
KOBE
KOWLOON
KUALA LUMPUL
SINTAPOUR
POURABAYA
SUSUES PATAHI
TIENTHIN
TUS 10
TSINGTAO YOKOHAMA
Current Ardoubts opened to Local Currency and Fund Tiepowlis received for os of shorter periods in Loes! Company and Sterling on terms which will be quoted on application. Hong Kong. 19th April, 1924.
HONG KONG SAVINGS BANK.
The Elusin of the above Bank la condunt.
Регене
Yokohama Zamboangs
Fasig-Endange.and...Osneral.....Backing_bust
tramanated.
THE CHINA MAIL, MONDAY, AUGUST 13, 1934.
LOCAL DOLLAR STEADY.
ommerce and Finance.
Silver Prices Advance.
The local dollar remalna stendy, opening on demand this morning at 1/6%.
Spot silver has advanced a fur- ther 1, while forward silver has advanced 1/16, closing. prices on Saturday being 21 9/16 and 21 7/16, respectively.
The London on New York cross- rate-which-closed-on-Friday—at Curreği, Accouste opwind and Plxed Deporita £—U.S.$5.09, closed on Saturday receded for one year or shorter periods at ruiss which will be quoted on applicati
at £-U.S.$5.09%, while the New W. H. E. THOMAS,
York on London rate closed at Acting Manager.-U.S.$5.11, as compared with Hong Kong, 20th February, 1934.
£—U.S.85.081 on Friday.
THE BANK OF CANTON, LTD.
Established 1912.
Head Office-Hong Kong. Authorised Capital Paid-up Capital Total Resources
EXCHANGES.
TO-DAY'S QUOTATIONS. $11,000,000 On London-
8,055,000 On T.T. and demand 1/6 32,170,492 4 months' sight... 1/68
Credits 4 months'
sight
Branches: Canton, Totshan, Shanghai, Hankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd.,
Foreign Exchango and Banking On New York-- business of every discription trans- On demand acted.
Current Accounts opened and Fixed Deposits received for
d by the HONG KONG AND CHANGHAI shorter periods at rates which will be
DANKING CORPORATION: Rulea may be
obloed on application.
FOR THE OKO KONG AND CHANGHAI BANKING CORPORATION
V. M, ORAYBURN
Chlet Manager.
Hong Kong. th Palruary, 1954.
THE BANK OF EAST ASIA, LTD.
—
Ruthorleet Cuplai .......
Paid-up Capital
10,600,000.00)
...... 4,600.000.00
Reserve ud Undivided Profits $2,154,000,00
READ OFFICE-ONG KONG
13. Das Vaux Nom Castral.
WAND OF DIRECTORS :— Hou- Chu, Chairman,
Koon Chun. Esq. F. H. Kwek, Esq. Wong
Yua Tong. Hag.. Chan Chine Bhek, Bag, Li Lan Bang Fim Wong Chu Roa, Esq. and Kan
Ran Fong P. Ey Chint Blanaeve.
TA Tax Fong, Eng., Maraget..
BRANCHES AND AGENCIES:-
Amar
Batarin Bombay
Ainutla Melbourne
Heattle
Nogue
Calcutta
New York
Bemarang Bhanghel Singapore
Canton
Diaka
Gourabaya
Haiphong
Parli
Bwataw
Hankas
Priping
Hozolutu
Bydney Talboku
Inbe
Itan jodo
Tiestals
Kawloon
Haigou
Tokyo
San Francisco
Vancouver Yokohama
Loader
Penang
Every devription of Banking and Exchange. buaiseen Transacted, Loans granted an approved | Securities.
quoted on application,
Safe Deposit Boxes (various sizes) for hire.
LOOK POONG SHAN,
Chief Masager.
SAFETY FIRST !
To Safeguard Your Valuables and Jewelleries.
Ол Јарап:-
LOCAL SHARES.
TO-DAY'S QUOTATIONS,
The following is the list of local share quotatlona issued to-day:
Banks,
Div.
II.K. Bank, $1690 b., H.K. Bank (London), £15% n. Chartered Bank £15% n Mercantile Bank, A. & B £31 m. Mercantile Bank 0, £18% n. Bank of East Asia, $84 n. Am: 0. Finance Corp., Sh. $20 n. -China-0.-Fin. Ord, Sh.-$4-11. ----
China O. Fin. Pref. Sh. $5 1.
Insurances.
+
Canton Ins., $290 n. Union Ins., $595 n., 545 sa. China Underwriters, $14 b. China Fire Ins... $510 n. H.K. Fire Ins, $260 n. International Assce. $6 n.
Shipping.
Douglases, $40.65 m. H.K. Steamboats, $7 n. Indo-Chinas (Pref.), $30 m. Indo-Chinas (Def.), $38 n. Shell (Bearer), $47/6 n. Union Waterboats, $134 n..
Mining.
Antamoks, 59 cta. n.
Benguet consolidated $40 n. Benguet Exploration 19 cts. n. Benguet Goldfield, 20 cta."E. Big Wedge, 12 cts. n.
Gold Creek, $2 n.
1/04
383%
Credits 60 days'
sight
394
one year or
On Paris—
On demand
5722
Credite 4 months'
sight
Balatoes, $862 b. Baguio Gold, 44 cts. n.
606
On India-
On T.T. and demand 9934
Dn Shanghai-
On demand
109%
On demand
126
On Manith-
Itogons $5 n.
On demand
70%
Kallan, 21/3 n.
On Singapore-
Langkats (Single) Sh. $21 n.
On demand
69%
On Batavia-on
S'hai Exploration, Sh. $5 n.
S'hal Loans, $61⁄2 .
On demand
55%
Raubs, $18.40 n.
Venx: Goldfield, 87 ».
571⁄4
....... 1235%
1/65%
Deposit them in a Vault
that is really: FIRE-PROOF BURGLAR - PROOF
DAMP PROOF!
OUR SAFE DEPOSIT VAULT
located on the Mezzanine Floor of
Our New building is Specially Con- On Saigon- structed to provide all of these Im- portant Qualities.
On demand
You may obtain a Safe Deposit On Bangkok-
On demand Box in this most up-to-date Vault for
your own use at a very moderate Ren-Bovereigns bank buy- tal.
ing rate Inspection Cordially' Invited,
THE NATIONAL COMMERCIAL Bar Silver per oz. 21 9/16.
& SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road, Central.
THE
Bar Silver in Hong
Kong ..... Copper Cash
Copper Cents
nom.
nom.
1% prem. Rate of Native Interest 8% p.a. Chinese Sub. Coin 28% dis.
Curreat Axounts apmond In Lo Carency AMERICAN EXPRESS COMPANY, Hong Kong Sub. Coin par.
Kod Fixed Deporte, régnivad for one year di phoetre porfoda In Local and Foreign Currencies
ters which will be quoted on "application.
Afe Deposit Boxes To Let
EAN TONG 10.
THE BANK OF TAIWAN, LTD.
Head Ofca-Taihoku, Formosa, Incorporated in Japan by Special Imperial Charter, 1899.
.$6,000,000.00 2,087,112,69 1,995,528.81
INC.
Ohlof Manager.
Head Office:-65, Broadway, New York
Hong Kong, las March, 1986,
Capital
Surplus Reserves
BRANCHES
Amsterdam
Auteurp
Genos Glasgo
Albani
Аланад
The Lingue Revaca
Brale.
Hamburg
Bertia
Havre
Borbe
Heidelberg
Вещер
Interlaken
Вещия
Cairo Calcula Cecast Colombo Copenhagen Etuil Edinburgh eners Floress
Jerusalem London Irerpes!
Marsellias
Vienas
"
Honte Carlo
Venice
Xantia
Yokohama
Kuulch
Zurich
On and after April 28th, 1984, the
Central Bank of Formosa, Notes
issued Average amount Y45,000,000
Branches and Agencies.
Japan: Kobe, Osaka, Tokyo, Yoke- hama. Keelung, Makong, Nanto, Shoka, Binchiku, Taichu, Tainan, Taito, Takao, Tamsal, Toen. China-Amoy, Canton, Foochor, Han.
kow, Shanghai, Swatow. Others:-Bombay, Hong Kong, London, New York, Singapore, Batavia, Samarang, Seerabaya, Dairen.
Luzerne Logano
LALE OF
Montreus
Bilso
Naples Piroue Parts Papa Panera Berdas
Roue Shogh Sonthampton Singapor Thenthu Taormi
rate of Interest on Special Current Branches of American Express Com-
More Direct Control Of Credit And Currency.
(Continued from Page 1).
SPECIAL TO CHINA MAIL,
Washington, To-day.
It is learned that Congressional proponents of the central bank issue which would take over the powers) of the Federal Reserve system, plan to confer with President Roosevelt, Jon the subject shortly In an effort to revive their fight at the next Congress. It is reported that they may obtain support from some Ad- ministration sources.
Advocates contend that the plan will give the Government more
Deposit will be at 14% pa. on daily pany in Principal cities of United direct control of credit and currency. balance and the rate for balance over States of America and Canada. $10,000 will be quoted on application
(Maximum rate-14%).
Y. OHNO,
Manager.
Hong Kong Branch
3, Des Voeux Road, Central
All classes of Commercial Banking, Transactions undertaken.
Personal-investment accounts
handled.
-United Press, per S. E. Levy and Company.
U.S. DEPT. STORE SALE
New York, Saturday.-Depart ment store sales in the United The Company offers to Intending States during July were 3 per cent. THE YOKOHAMA SPECIE BANK Travellers the use of its "Travelers below Jun and. 9 per cent. above
LIMITED.
Established 1890
Capital (fully paid-up) Yen.100,000,000 Reserve Fund.......Yen.122,750,000
Head Offee:-YOKOHAMA
Branches and Agencies at: Alexandria
Batavia
Berlin
Bombay
Calcutta
Canton
Dairen (Dalny)
Nagasak! Nagoy New York Ocaki
•pulping...
Rengoon
Fangtien (Mukden) Rio de Janeiro
Hamburg
Hankow
Hardin
Hong Kong
Honolulu
Hainking
Karachi
Kobe
London
Los Angeles
Manila
Most
Intarsit ."allowed.
Deposits recely
'st rates to be obtai
San Francisco Seattle Sardarang Shanghai Singapore Soerabaya Sydney
Mentein
Cheques" and Letters of Credit and, July 1939. United Press, per in addition, the world-wide carvices
of its thoroughly equipped Traval-De-S. E. Levy and Company. partment.
C. H. BENSON, WINDING UP OF
LOCAL FIRM
General Manager.
Is It Insured? ?
Insurancs All Classer. LOWEST BATES American Anistic Underwriter
Fed In USAM General Agents
Head Offfen
17, The Band,
Bhanghal
QUICK
PRINTING,
SERVICE
Hearing Of Petition Adjourned.
Mr. D. McNeil, instructed by Mr. C. E. Lowe, appeared for the Chung Cheung Investment Co., Ltd, in à winding up petition before the Chief Justice at the Supreme Court this morning, the petition being made by BLK. Office the Hang Sang and Company, of Buildings which Mr. Pang Yung-ting is Tel:80236 managing partner.
Asia Life
Mr. McNellaafd that the case had been
several times-in
Gold River, 24 ets. n.
Ipo Mining $21⁄2 b.
U.S. STORAGE SCHEME Linen Market At Belfast
FOR AGRICULTURE
PLAN NEBULOUS.
SPECIAL TO CHINA MAILS
(By Telegraph, Copyright, Telegra phic Mierrogar Ordinanco, 1894, Re- |ceived August 15, 8.20 asu.) ·
Washington, To-day.
Flax Reports In July
Optimistic.
CONTINUED UPWARD TREND IN RAW MATERIAL VALUES
Flax
reg-
Market conditions since last report show little change, orders are coming in from all overseas markets for Damaaks and house- keeping lines but quantities are small. In the Home Market, with the season's trade in the wholesale The following is the Belfast houses nearing an end, business The Agricultural Adjustment linen market report for the month is almost entirely confined to re- Administration indicated that it is
pents and special orders for ending July 4: studying a storage programme to
urgent delivery, Damask manu- guarantee a safe carry-over of the Irish: The new crop promises
facturers are not so well employed principal agricultural commodities, well and there is every prospect as they should be at this time of regardless of droughts and other of this season's
year, although there is a certain flax being fully amount of work in hand, the con disasters, especially stocks of
equal to last season. → wheat, corn, oats and cotton.
tinued lack of enquiry from over- Courtrai-Demand is steady The plan is still in a nebulous for all classes and all flax of seas especially U.S.A. has
tricted output. Other housekeep state, but details will be announc-fered is being taken off the mar ed later.-United Press, per S, Eket at unchanged prices.
Ing lines, particularly in the home Levy and Company.
trade, continue moderately active.. Latvian: The Government sold 500 tons recently, so their unsold business has-been-placed-for-Dress Dress Linens:-Some important. stock must be very small. They Linens recently and the season is have advanced their official quote-being extended longer than usual, tions, and now with to include
especially in the Home Market. 30/40% of Hoffs in all purchases. The yardage taken by the latter New crop reports are favourable.
must be considerably larger than Esthonian: Supplies in the
course any previous season, of markets are Insignificant. Some weed and Fancies make up sales are reported ex stock at ad-good proportion of the total but vanced prices, probably for Garplain goods are still in favour. įman account. Sowings art
thought to be 25% over last year. REV. W. W. ROGERS
AT LEAMINGTON.
New Post For Former
STOCK EXCHANGE
COMMISSION........
Cautious Policy Being Adopted,
SPECIAL TO CHINA MAIL..
(By Telegraph, Copyright, Telegra- phie Messages Ordinance, 1891. Re ceived August 13, 8-20 a.m.)
Washington, To-day.
SHANGHAI STOCK MARKET
Holiday Sentiment Prevails.
Yarns
St. Andrew's Vicar.
A
The seed germinated well, but warmer weather is required. The Stock Exchange Control Com-
Lithuanian:-Few sales of any mission is adopting a most. careful consequence are reported, but policy In order to avoid disturbing dealers are also very stiff. They the market, especially tempering the are quite prepared to carry over listing requirements, as otherwise any remaining stocks Into the new they fear that many corporations season. New crop reports are fair- The many friends of the Rev.. might withdraw their securities ly good on the whole.
W. Walton Rogers, former Vicar from the exchanges.
Soviet:-The Russians have ad- of St. Andrew's Church, Kowloon, The major present objective is to vanced their rates and are very will be glad to learn that he has bring all the listed corporations careless sellers. Stocks mainly accepted the living of St. Paul's under Federal regulations so that consist of outside qualities, so the Leamington, England, vacated by Federal supervision will be complete position is strong. The acreage the Rev. Geo. E. Arrowsmith. and effective-United Press, per 8. In Soviet Russia is thought to be The Rev. Mr. Rogers, who was- E. Levy and Company.
much the same as last year. Wea-Vicar since 1927,-left for England. ther has been favourable on the with Mrs. Rogers recently. It is whole.
of interest to note that the Rev. Mr. Arrowsmith was Assisstant. The continued upward move-Chaplain at St. Andrew's from. ment in raw material values has 1923 to 1926: given rise to a certain amount of The Rev. P. Sands, who will be cover buying by manufacturers remembered as Lay Reader at St. and merchants. Advances have Andrew's and Assistant Secretary, been paid but the level of prices at the European Y. M. C. A., ulso- Shanghal, August 8, 1994. {is unsatisfactory for producers went to St. Paul's, Leamington, H.K. Wharves. $113 m.
When the week under review obliged to secure fibre at current where he became Curate. H.K. Docks, $13 b.
Rev. Mr. Arrowsmith has opened last Tuesday there was not rates. Mill machinery continues Providents (old), $1.60 b.
on existing contract and cepted the living of Holy Trinity, much more activity going on in busy Providents (new), $50 cts. n..
the rubber section of the Shang-spinners are not pushing sales. Weston Super Mare, Somerset, Hongkews, (old) Sh. $9121⁄2 n.
thai Stock Market owing to the
which post he will assume in Sep- Hongkews, (new) Sh. $310. n.
tember.. absence of brokers.. On the gén- New Engineerings, Sh. $5 D.
eral market a cheap lult of 2,000 market, and advanced prices for S'hai Docks, Sh. $1251⁄2 n.
Explorations was done at 4.95 for fax. have stimulated covering Cotton Mills.
orders for cloth, and given a August. Ewes Cottons, Sh. $10.85 b.
Holiday sentiment continued to stronger appearance to the mar- S'hai Cottons (old), 9h. $782 prevail over the next day, only ket. Manufacturers are told that S'hai Cottons (new), Sh. $434-two transactions were recorded in no considerable direct business is Zoong Sings, Sh. $111⁄2 n. Wing On Textiles. Sh.863 n..
Lands, Hotels, etc.
Docks, etc.
H. and S. Hotels, $5.65 n.. H.K. Lands, $56 an. S'hai Lands, Sh. $25 n. Metropolitan Lands, Sh. $14 n. Humphreys, $10.40 n. H.K. Realties, $51⁄2 n. Asia Realties "A", Sh. $140 n. Asia. Realties "B" Sh.$20 n. Chinese Estates, $85 b. China Realtles, Sh 15% m. China Debenture, Sh. $137 n.
Public Utilities, H.K. Tramways; $21.b. Peak Trams (old), $15 n. Peak Trams (new), $7 n. Star Ferries, 1021⁄2 n. Yaumati Ferries, $211⁄4 n. C. Light (old) $8.90 s. C. Light (new) $8.30 b. H.K. Electrics, $713⁄41⁄21⁄2 m. Macao Electrics, $25 n. Sandakan Lights, $8 n. Telephone (old): $241⁄2 s.. Telephone (new) $11.80 n. China Buses Sh. $18.20: n. S'pore Tractions, 5/- D Singapore Pref. 17.
Industrials.
Malabon Sugars, $11 E. Cald: Maeg. (ord), Sh. $21 n.. Cald: Macg. (Prof.), Sh.$19. Canton Ices, 82.70 m. Cements, $2.65.11. H.K. Ropes, $4.60 a
Stores, etc. Dairy Farms, 825 b. Watsons, $5.70 b.. Der. A. Wings, 31 n. Lane, Crawfords, $4.30 Mackintoshs, $21 Sinceres, $10. n.. Wm. Powells, 70.cts.
· Wing On (H.K.) #108 n.
Miscellaneous.
H.K. Amusements, $41. Entertainments, $725 8.C. Enterprises, $1 n
United Theatres, Sh. $2 n.”
Weavers
The firm condition of the yarn
the général market during half- coming in, but there is a steady day session; 80 common shares of flow of sorting-up order. Most of Caldbeck changed hands at 2.50 the concerns will be closed for a week for the holidays.. We
GENERAL NOTICES,
THE HONG KONG LAND INVESTMENT AND AGENCY CO., LTD.
INTERIM DIVIDEND
cash and 500 Ewas were done ty are now between seasons, and A ONE DOLLAR AND FIFTY
Loan, 1934 continued with not as a satisfactory feature for future CENTS per share for the six great deal offering. 500 Shanghai business to have à strong yarn months ended 30th June, 1984, will Land shares were placed at 24% market. cash..
be payable on TUESDAY, 28th August, on which date Dividend
Transactions in rubber stocks THE SHANGHAI COMMERCIAL | Warrants may be obtained on appli
on Thursday were dominated..by professional operators who were only concerned in selecting New City Loan, 1934 at 100 and also for Central Properties 5 per cent. at 100.50. Shanghal Loan ehares were placed at 6.55 August. A amall lot of British American Tobacco shares was done at 89 cash.
Following batter news from Singapore the rubber group of the Shanghai Shares Market firmed up on the next day, and towards the close sellers were asking full| rates. The rest of the list was ingctive.
Rubber Market Rise
While the general market was neglected on Saturday, better news from London and New York regarding the price of raw material enabled the rubber mar- ket to register a modest rise.
The first week of August on the Chinese Government Bond Market| was marked by unsteady trading) which at times actually became weakness, and, as a result, only] small gains were registered, des-| pité... a strong opening, and a strong close. The downward trend was caused by reports of the red Imenace in Fukien. The situation, however, was not serious enough to result in penic conditions. Hence, with the easing of the tension on the Fukien front the market stiffened again advance
to by big fractions.
Macao "Greyhounds, 12. "ANNALIST PRICE INDEX Construction (old), $1.60 blo
ons (new) 78 cts, be
< 1925 GJBds--
New York Sat
"&"SAVINGS BANK LIMITED," (Incorporated in China) Capital paid up.....$5,000,000, Reserve fund ....... ..$4,000,000. Capital Savings Dept. $500,000. Reserve Savings Dept.. $400,000,
Head Office-Shanghai
A Bank having as its mission the industrial development of China" and the fostering of her commer cial relations abroad.. Hong Kong office-7 Ice House St. Phone 31481-2-3
Tel.: "Shacombank"
cation at the Company's Offices, S Chater Road.
NOTICE IS HEREBY GIVEN that the REGISTER OF SHARES of the Company will be: CLOSED- from THURSDAY, 16th August, to MONDAY, 27th August, (both days: Inclusive) during which period no transfer of shares can be registered. By Order of the Board of Directors.
L. 5. GREENHILL,
Secretary.
Hong Kong, 7th August, 1954.
MAN LOONG
·PRESERVED GINGER MANUFACTURERS. NEW SEASON PRESERVED GINGER Best Quality Prompt attention to Exporters. Ofice:-14, Possession Street. Tel. No. 28255. Factory:--ELL. 1928 Bedford St, Tai Kok Tuul, Kowloom.
Tel No: 57088.
S. E. Levy & Co.
UNDERWRITERS AND DISTRIBUTORS
SECURITIES AND COMMODITIES BOUGHT AND SOLD ON COMMISSION
DAILY NEW YORK STOCK AND COMMODITY SERVICE
Members:
NEW YORK COTTON, EXCHANGE?
COMMODITY EXCHANGE, INC CHICAGO BOARD OF TRADE'
GORRESPONDENTS FOR
BITE, WELD & CO. NEW YORK
ICE HOUSE STREET HONG KONG
Constr
by the credit
The
Kthe
cheque. rament H.K ashed;
H.K. Govt, 4%%% Loan 64%;
ince: Janu
-Uail-
Tel: 80101 and 80108.
prom b
Com-
Wallace, Harperò, 17% De
Tel: Add:
Belco