BANKS
HONG KONG AND SHANGHAI
BANKING CORPORATION.
Aikolaed Capital
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA,
$40,000,000
losed and Fully Fald-up 20,000,000 Incorporated by Royal Charter, 1858.
Beria Faade:-
Ballgament
£1,500,000
Biver D,000,000
Here Isability of Fropriators
$20,000,908
HEAD OFFICE: HONDRONG. •
BOARD OF DIRECTORS, loo. He, d. 8. Muokia Chairman,
Hon Mr. S. 1. well. Deputy Chalmaz.
6. Nails, Em.
HEAD OFFICE: LONDON
Paid-up Capital
V. M. Graybar, kay
Chisi Huanger.
BBANCHES-
LONDON LYONE
Canton
Sarbin
Yank
THE CHINA MAIL, MONDAY, DECEMBER 24, 1934
COMMERCE AND
CHILDREN'S CHRISTMAS COMPETITION.
CHURCHES
TO-DAY'S SERVICES.
ST. JOHN'S CATHEDRAL
HONG KONG
Christmas Eve, Dec. 24
5.80 p.m.-Choral Evensong with. preparation for Communion.
Christmas Day, Dec. 25
6.15 am-Holy Communion.. 7.00
8.00
8.00 ++
FINANCE
1
EXCHANGES.
TO-DAY'S QUOTATIONS.
.£8,000,000
Reserve Fand
.£3,000,000 On London-
Reserve Liability of Pro-
prietors
On T.T. and demand
1/84
..£8,000,000
4 months' sight..
1/854
Agencies and Branches:
Credits 4 months' sight
1/9
Alor Elar
·Ilotle
Amrita
Bangoon Falzco
Dr Shanghai-
Bangkok
Kirsehi
Sem
athle
Beremban
On demand
121
W, 1. Hell. Eimp
B. Compton, hug.
B. B. Moran, Kog.
Bombin
Kola
Hangbe!
.J. Karwick, Eaq.
7. E. Pearce, Eng.
Calcutta
Singapore
On Singapore-n
@0. Knight, Eng.
Esrajo bu
Lanspar Kusting
Sitiawan
On demand
71%
I
Bourabaya
Mademu
Talpiak
On Japan:-
Colocabe
Mars
Theclic
Dalki
Medad
Tongkah
On demand
144
Hulpkava
Now Yark
(Bouker)
Hansborg
Priping
Talento
On India..
Hankow
(Pekin)
Yokohama
On.T.T, and demand
112
Zamboang
On New York-
On demand
41%
Credits 60 days' sight
.... 43
10.00 10.00
1.
On. demand
61%
On l'aris
. On demand
6321⁄2
Credits 4 months' sight.. 6621⁄2
On Salgen-
On demand
63%
Joe E. Brown, star of the First National picture, "The Circus Clown," la shown among the world. famous circus clowns who participated in the Aiming of the unique comedy of circun life which opens at the Alhambra Theatre on Xmas Day. Joe E. has circus in his blood, and can clown with the best. "Kinko," They are He is here, but can you find, him? Look over this group of famous clowns,
Bill Bernie. Griggs, Jack MacAllie Mickie MacDonald, Joe E. Brown, Carley Phillips, Pat Kling. Kling, Milt Taylor and other meraymakers of the tanbank circle. The first 10 readers who correct.. ly identify Joe E. Brown will be presented with two tickets to "The Circus Clown."-
།" "
11.00
On demand
83%
On Bangkok
SHARE MARKET
On demand
109%
Sovereigns bank buying rate 1/8%
Bar Silver per oz.
23%
Bar Silver in Hong
Kong
dom.
nom.
Copper Cents
ANGY ЗАКСКОЕ BATAVIA MOSDAY DALCUTTA BANKIN СПЕРОВ COLOMBO
DAIKEN
РОСНИЯ
HAIPHONO HAMBUNG MANKOW
I
MALACCA
MANILA
Man (Jobore)
MUKDEN
NEW YORK
PEIPING
PENAKO
BANGOON
HAIBUN
BAN FRANCISCO
KUALA LUMPUR
HARBIN
БИЛНОНАТ
BONUKRW
SINGAPORE
EQURABAYA
-1
DOB
JOHURR
TIENTSIN...
ROBE
IOWLUON
ILOILO
BUNGES PATAMÍ”
TOKYO
THINGTAO YOBOHAMA
Ourreal Accouple opened in Local Ouren
Fixed Dapunite scelted for one, yes? DE shorter periode in Local Company and Berling terms which will be grated on application. Hany Krug, 13th Syrii, 1994.
Toral Exchange and Cezaral Banking boness
Curreal boots opened and Visad Daponita royed for one year or shorter perioda atʼruten: whlok will be quoted on application.
W. H. E. THOMAS,
Acting Manager. Hong Kong, 20th February, 1984.
SAFETY FIRST 1. To Safeguard Your Valuables and Jewelleries.
+
Deposit them in a Vault
that is really: FIRE-PROOF BURGLAR-PROOF DAMP-PROOF!
OUR SAFE DEPOSIT VAULT
HONG KONG SAVINGS BANK. Jented on the Mezzanine Floor of
The Eurianes of the above Bank le condust: by HONG KONG AND SHANGHAI
ANKING CORPORATION,
teised an application.
Bules may b
FOR THE HOKO KONG AND BHANGHAI
BANKING CORPORATION
V. V. OBITBUEN,
Chief Manager.
Hong Kaug. 26th February, 1964,
THE BANK OF EAST ASIA, LTD.
shared Capital
Fold-up Capila
10,00,000,00 $8,390 son,bu
Serie and Undivided Problem$1,44,000.00
HELD OFFIOR:-HONG KONG
11, De Your Rosé Castral.
BOARD OF DIRECTORS—
Sir Show-son Chon, Cheras,
11 Hoa Chun, EM, PK KE...
Woog
Tea Tong, Xag, Chin Ching. Shet, Zag, Ld Lan Sang Reg., Wong Chu Bos, Lag, su Kia Ting
Pag.
Boy
Batavia
Kan Tong Po, Esq. Uklat Manngor, LIT You. Esq., Masagot.
Bombay
Baston Malpkong Hankow
Labe Telcom
London
BRANCHES AND AGENCIES:-
Manila Belbourne Kaymak Han York
Paria
Paiping
Sextile - Bomars
Singapore
COURTE Ebow byebtr
Peasa
Tally
Rangoon
Saigon
Tentsia Tokya
San Francis
Yakahama
.
Kraty description Banking and Ezikanga Beloved Bransected. Los granted an approved, securities.
Durrant &ccount opened in Local Care and Fised Deposite resolvad for on you serier periods in Local and Foralga Currencies
terms which will be quoted on application. Bata Depois Does To
KAN TORO PO,
Chit Mangur. Rose Sopriul Harch, 1934.
THE BANK OF TAIWAN, LTD.
Head Offee-Talboku, Formosa, Incorporated in Japan by Special Imperial Charter, 1899,
Central Bank of Formosa, Notes
Our New building is Specially Con- tracted to provide all of these Im- portant Qualities.
On Hatavia.......
On Manila-
Copper Cash
1% prem.
You may obtain a Safe Deposit Rate of Native Interest 3% pa. 27% dis. Box in this most up-to-date Vault for Chinese Sub. Coin
your own use at a very moderate Ren-Hong Kong Sub Coin.......par.
tal
Inspection Cordially Invited."
THE NATIONAL COMMERCIAL
& SAVINGS BANK, LTD. Corner of Ice House Street anë Des Voeux Road, Central
THE BANK OF CANTON, LTD.
Established 1912.
Authorised Capitai
|Paid-up Capital
H. K. Stock Exchange Officia!! Summary issued at 12.30 p.m. on Saturday, December 22:--
Apart from a few H. K. Banks: and China Fires the former of which were placed at $1,622/1,625 and the latter at $520 the marketi was quiet. At the close it was re- ported that deals in Telephones had been put through slightly under $25 and Hotels at $5.05.
H. K. Banks $1620 b.
U.S. UNEMPLOYMENT Union Insurances $500 b.
INCREASE
Private Industry Unreliable
res-
Head Office-Hong Kong.
SPECIAL TO CHINA MAIL.. $11,000,000
The American Federation of La- 8,655,000 bour is said to have drafted a pro- Total Resources
82,170,499
gramme which includes the Branches: Canton, Tolshan, Shanghai, toration of federal salaries to the Hankow, Bangkok & San Francisco.
ia London Bankers: Lloyds Bank, Ltd., full pre-depression level. It
Foreign Exchange and Bankdag also said that, October unemploy business of every discription transed figure were 10,071,000, compar acted.
Current Accounts opened and Fixed ed with 10,122,000 in October of Deposits recetrod for one year or last year, and that the number of shorter periods at rates which will be those in receipt of relief had in- quoted on application.
Safe Deposit Boxes (various sizes) creased by 5,000,000 during the
for hire.
LOOK FOOKO GHAN,
Chiat Manager.
་
outlook is
year. "The spring hardly better said one official.
"We cannot count on private In dustry to find productive work for the unemployed in the near fu AMERICAN EXPRESS COMPANY. ture." Simultaneously Miss Fran-
THE
INC.
Head Offco:-65, Broadway, New York
Capital Surplus Reserves
sued Average amount Y.45,000,000
Branches and Agencies. Japan-Kobe, Osaka, Tokyo, Yoko-
hama, Keelung, Makong, Nanto, Aman Shoka, Shinchiku, Taichu, Tainan, Taito, Takao, Tamsul, Toen, Karenko, Kagi, Heito, Giran.
China: Amoy, Canton, Foochon, Han-
kow, Shanghai, Swałow. Others:-Bombay, Hong Kong, London, Batavia, Singapore, New York, Samarang, Soerabaya, Dairen, On and after April 20th, 1984, tha rate of Interest on Special Current Deposit will be at 14% pa, on daily! balance and the rate for balance over $10,000 will be quoted on application
Maximum_rate=1).
Hong Kong Branch
Y. OHNO,
Manager,
3, Des Voeux Road, Central.
‚U.8.$8,000,000.00 2,087,112.39 1,995,528,31
BRANCHES
Haplos Piriaus Paris
Ámuler Antwerp Atbesa
Babos Clang
Milan
Nice
20
Beaine
Berli
Bombay Inman
Bressais
Guire
Hamborg Harro Raidalberg Interlaken Jerusalem London
Calcutta
Iverpool
CANDIN Colombo
Lucerne Luana
Karallise
Середа Lysbr Dubin Edinburg's Florance Banera
Konte Carl Manila
Munich
Montreat
Tolpia Palermo Betterdam Далие Shangha
Southampton
Bingapor Tiental
Taormina
CATHA
Vanica Yokohama Zurich
Branches of American Express Com
ces Perkins reported that Novem- ber factory employment bad de creased 1.9 from October.-United Press, per S. E. Levy and Com- pany.
RECAPITALISATION PLAN OPPOSED
New
Underwriters $1.15 b. China Fires $510 b. Douglases $140 8. Wharves $110 b., $1124 s.' H. K. Trams $20 b. Star Ferries $98 b. Electrica $71%1⁄2 b., 871% sa. Telephones (Old) $25 sa. Telephones (New) $10.60 b. Singapore Tractions 4/3 b. Canton Ices $2,85 b.
H. K. Ropes $4.10 8. Constructions (New) 75 cts. Govt. 4%. Loan 8% Prem. b. Govt. 3% Loan 2% Prem,
MANCHESTER MARKET POPULAR CRUISES
REPORT
General Tendency Optimistic
CHINESE SECTION DULL
Manchester, November 21. With the exception of Egyptian quotations, which have hardened further, there. has been practically no alteration in prices during the past week. The general tendency
Cunard Establishes Record
Since last March seven of the Cunard White Star vessels, have completed a programmes of 47 cruises during which they have
17
(Choral)..:
at the Peak Church, Children's Service. Children's Service Chapel of the Resur rection, Happy Valley. Mattins and Sermon, Preacher, The Dean. 12:15 p.m.-Holy Communion. December 26th:-St. Stephen's Day, 10.15 s.m. Holy Communion.*/
Dec. 27:--St. John's Day, 7.45 a.m. Holy Communion.
Dec. 28th-Holy Innocents' Day, 7.45 am. Holy Communion,
carried the record number of s It Insured? ? over 30,000 passengers.
LONDON'S TRAFFIC LIGHTS
London traffic control has un-
concen-
Insurance — All Classes LOWEST RATES.
American Asiatic Underwriters
Fed, Inc., U.S.A. General Agents
Head Office
in the market remains optimistic der-gone gradual transformation for the future, and there is still a through the steady extension of moderate volume of business offer- the traffic lights system. Two years ago only thirty such in- ing from most centres.
The Fossick Bureau in its weekly stallations were in operation and 17, The Bund report in the United States is of eighteen of these were
trated in Oxford Street. Now Shanghaf the opinion that the autumn season the number within the Metropo has favoured boll weevils and an unusually severe winter appears to litan area is approximately 370. be necessary to check spring emerg- ence. Private estimates of the ginning report due to-day indicate A material falling off, but the week- by grade and staple, report shows a tenderable percentage of 30 per cont.
WALL STREET SEES HIGHER PRICES
b.
Neville Chamberlain's Worrying Statement
PRE-HOLIDAY DULLNESS
Although more, turnover has cer- tainly been done these last few days most makers report that such low prices have been taken that they will show Httle if any profit on the whole business. Of the Indian
outlets, the chief interest has been for light goods, and it is generally felt that there is a moderate trade pending. Several lots of dhooties SPECIAL TO CHINA MAIL.
New York, Saturday. and fac mulls have been done for Brokers expect pre-holiday dull-Calcutta, whilet, Bombay, Karachi ness to-day and on Monday, never and Madras have also taken the theness, they anticipate higher light fancy styles. Some of the prices before the New Year. Fav-larger dred satin and pongee styles ourable factors are: That carload-have also been, in demand for the ings advanced, as against their up-country markets, and in many usual seasonal drop; that Dow instances business has resuited.
L
York. Saturday.-Messrs. J. G. Harbord and David, Sarnoff, Jones' index la the highest since
Odd Lots To China- June 30; that the department of president and vice-presideat, res-: pectively, of the Radio Corpora- Labour reported the value of No-
14.6 Small lines of fancy popliné and vember building permits as tion, have issued a statement to
below October, but 19 brocades have been under negotia- the effect that the directors and per cent.
tion for Chind, but only odd lots officers of the Corporation voted per cent. above last year.
An unfavourable factor is that have been sold.. The offtake of and voiles for unanimously against any recapit- alisation plan at present. United Mr. Neville, Chamberlain, British cambrics, mulls
Chancellor of the Exchequer, sald Rangoon and Singapore has shown Press, per S. E. Levy and Com-
that Britain did not intend any some improvement, whilst Ceylon is pany.
immediate stabilisation of ster]-still maintaining her renewed inter- Ing in reference to the dollar-jest in her own special styles. United Press, per S. E. Levy and
pany in Principal elites of United THE CHINA & SOUTH SEA BANK, Company. States of América and Canada.
All classes of Commercial Banking Transactions undertaken.
THE YOKOHAMA SPECIE BANK Personal investment accounts
LIMITED.
Katablished 1880. Capital (fully paid-up) Ten.100,000,000 Reserve Fund..... Yen.124,250,000
Head Office:-YOKOHAMA
Branches and Agencies at: Alexandria
Batavin
Berlin
Bombay
Calcutta
Canton
Dairen (Dalny)
Nagasaki Nagoya New York Daska Paris Peiping Rangoon Fengtien (Makden) Rio de Janeiro
Bamburg
Hankow
Harbin
Hồng Kong.
Honolulu
Hainking
Los Angeles
Manila
Moft.
San Francisco. Seattle Semarang
Shanghai
<Singapore Sourabaya
Tokyo
Tingkow
Tsingtan
Interest level on Current Ac
handled.
甫
LIMITED
(Incorporated, in China)
Head Office...Shanghai Capital Reserve
$7,500,000,00 $1,500,000.00
in China
and
INDUSTRIAL · ́EMPLOYMENT· DECLINES IN AMERICA
and
South American business is re- ported to be very satisfactory:| Further contracts have been placed for Warp Satins, split printers, and dyed goods, whilst the general im pression is that demand will tend The to broaden still further. New York, Saturday. The La- Scandinavian countries have bought Branches All Important Cities bour department has reported that fairly steadily principally finishing
November. industrial employment cloths, dyed piece goods The Company offers to intending Travallers, the ake of its "Travelers Foreign Exchange
General declined seasonally by 86,000, specialities. Cheques and Letters of Credit and, Banking Business transacted.
addition, the world-wide services Current and Saving Accounts opened while payrolls declined by 88,915,- its thoroughly equipped Travel De-and Fixed Deposits received for one! 000, due to the suspension of Pu partment.
year or shorter periods at rates which blic will be quoted on application.
BOU Z. CHANG,
Manager. HONG KONG BRANCH:. *24, Des Voeux Road, Central, Manager's Office ... Tel. 83565 Foreign Exchange Dept. 33566 General Office
23567 88569 Canhler's Office
}
E. W. DUGGAN,
Manager
THE WING ON BANK, LTD. HONG KONG
Authorised Capital: $10,000,000 Forolga Exchange and Banking Business of every description transact- led.
Current Accounts opened, Special Deposits received at special rates, and Fixed Deposits received for one year or shorter period at rates which will be quoted on application. BEN Safe Deposit Boxes (various sizes) for nire, og
PHILIP GOCKCHIN, Chief Manager
Deposita recetted for fixed periods Bates to be obtained on application L. GOCKCHIN
O KISHINAMIType Assistant Manager Hong Kong 11th September, 1934.?!
!! LI SHU FONG
Aulitant MuÌímPOT.
п
THE SHANGHAI, COMMERCIAL & SAVINGS BANK LIMITED.
Incorporated in China) Capital paid up $5,000,000, Reserves....... 57,050,000, Capital Savings Dept.: $500,000. Reserve Savings Dept. $800,000. KA Head Office-Shangbal gai A Bank having as its mission the Industrial development of China and the fostering of her com MBP", cial relations abroad DRA Hour Kong office-7 Ice House BL Phone 81481.23
Works
projects. United
Press, per S. E. Levy and Com- DOLE SUGGESTION AS RELIEF
pany.
NEWSPRINT EXPORT
TO FAR EAST
Ottawa, Canada. Exports of Canadian newsprint
AID DENIED
New York, Saturday. The con- ference of business leaders deny that they advocated dole as a me-1 thod for reliefig
President Roosevelt intends to
INFLATIONARY BOOM?
to the Far East invs been rapidly study their recommendations over expanding during the present year, the week-end--United Press, per For the first ten months of 1934 S. E. Levy and Company. exports to Japan were 891.588 cwt |valued at $1,265.227 compared with 528,711 ewt ($625,531): to Hong Kong 41805 ext. (878,100) có pared with 10,262 cwt. valued at
New York, 'Saturday Mr. Org $20,642 in the 1939 period. To Korea only were exports, reduced, den Mills has predicted an ine the figure for the 1984 period being vitable inflationary boom due b only 1,126 cut. Compared with an unbalanced budget and a grow. 65,919 cwt in the first ten months ng publle debt-United Press, Lof 1938.
per S. E. Levy and Company.
to
T,
***H, K. Offer
Asia Life Building
Tel. 30234
THE WING ON CO., LTD.
Hong Kong's Largest Department Store
BUSINESS HOURS
FOR
TO-DAY XMAS EVE:
9 A.M. till 10 P.M.
XMAS
HOLIDAY
THE STORE WILL CLOSE TO BUSINESS
ON XMAS DAY
BUSINESS WILL BE RESUMED AS USUAL ON DEC. 26.
SEND THEM
FLOWERS
AND SOLVE THE GIFT PROBLEM
THE CLOVER FLOWER SHOP
Gloucester Arcade
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, ING. CHICAGO BOARD OF TRADE «CANADIAN COMMODITY EXORANGE, INC.
CORRESPONDENTS FOR
WHITE, WELD & CO. NEW YORK
7 ICE HOUSE STREET, HONG KONG
Tel 60101 and 30103
Tair Addresst Balco