BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Katheriand Capital $58,000,000
ed and Fully Fald-up 20,000
Mera Yunda 4-
Burling
£ 1,580,000 $10,000,000
Banerva, Liability of Propristnes.....$2,900,000
BEAD OFFICE: HONGKONG.
DOAHO OF DIRECTOBR.
flou. Mr. D. 0, 8, Mnchận
Chalctua
flon Str. Nit. [»]. Deputy Chalicet.
(W. 33. Hell, Hop
1. B. Compson, Eg,
Koawich, Eng.
V. M.
10. Kaight, Loy.
AMOX MANGKOK
BATAVIA
BOMBAY
CALCUTTA
4. Mankin, Kaq.
K. 5. Morrison, Fay,
T. E. Pantes, Eng.
Orayban, key.
Chief Manager.
BRANCHES :-
LAINDON
LYOKE
MALACUA MANILA
MUAR (Jobare)
PEIPING
PENAND
CANTON
MUKDEN
QUEFOO
NEW YORK
COLOMBO
DALBEN
FoodRow
RAIPHONG
BAIOON
HAKBCG
BAN FRANCISCO
MANKOW
BALBIN
MONGEEW
10:10
7
D2011
·JOUDBE
KOLE
KOWLOON
BANDOON
KUALA LUMP
SHARDHA
SINGAPULE
HARAYA
SUNUE PATAHI
TIENTSIN
TOKYO
TRINGTAQ
YURDHAMA
Current Account opened to Local Currie End Mixed Deponia Fecared for one je or alories periode in Local Company and Sterling in berme which will be quoted on application. Boca Kong, 181b April, 1954,
HONG KONG SAVINGS BANK.
The Business of the above Bank le conduct
by the HONG KUNU, AND SHANGHAI WANKING CORPORATION. Buy be wereined on application.
FOR THE HONG KONG AND SHANDWAL SANKING CORPORATION
Y.. ORAYBURN,
Chief Yaraget.
Hong Kong, Wh February, 1984.
THE BANK OF EAST ASIA, LTD.
Baharland Opi
-up Captial
Amera and Undivided Profile
10,000,000.00
HEAD OFFICE: HONG KONG
.
1, Dee You Bond Central.
BOARD OF DIRECTORS
Bu Shou-son. Chow, Chairman,
5.898 G.194
2,194,000.00
Keen Chat, Esq., F. I. Kwok, Esq., Wong
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1953. head office: LONDON
Reserve Fund
Paid-up Capital,
Reserve Liability of Pro
prietors
.£8,000,000 £3,000,000
..£3,000,000
Agencles and Branches:
Alor Bur
11otto
TABOOG
Ipok
1
Bougho
Karachi Klang Kebe
Balgo Exmariag
Beremban
haoghal
↑ Colectia
Kunin
Singapore
Celob
Lumpur
Cawnpore
Kuohin
Sitisa Bourabaya
Oahu
Aadres
Taiping
Colorabe
Manila
Modad
New York
Hamburg Hankow
Palping
(F)
Harbin
Batavia
Bobay
Daiki
Haiphong
| Hong Ror.
TIDADE
Tassels Toog VAM
(buker? Taing:co
Yokobaras
Zatoboanga
THE CHINA MAIL, FRIDAY, DECEMBER 28, 1934
Commerce and Finance..
LOCAL DOLLAR STEADY
Silver Prices Improve
حب
The local dollar is steady, opening on demand this morning at 1/8. Spot and forward silver prices have improved 3/16, closing at 24% and 24%, respectively. *
The London on New York cross- rate was quoted at £U.S.54.93, 89 compared with £--U.S.$4.94%.
The New York on London rate
Foreign Beckange and General Banking but was quoted at U.S.$4.94; as, com-
Fransected.
Current Asante opened at Pized Deposite-
resolved for one year or skorter periods at retepared with E-U.S.$4.941⁄4.
which will be quoted on application.
W. E. E THOMAS,
Acting Manager. Hong Kong, 20th February, 1934.
SAFETY FIRST!
To Safeguard Your Valuables And Jewelleries. 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 buliding is Specially Con-¡ structed to provide all of these Im portant Qualities.
You may obtain a Safe Deposit Box in this most up-to-date Vault for your own use at a very moderate Ren-į tal.
Inspection Cordially invited. THE NATIONAL COMMERCIAL &SAVINGS BANK, LTD.
Corner of lee House Street and Des Voeux Road, Central
:
EXCHANGES.
TO-DAY'S QUOTATIONS.
On London
1/8%
4 months' sight........ 1/8%2.
Ori demand
On Singapore- On demand
On Japan:
THE BANK OF CANTON, LTD. On Manila-
Established 1912. Read Offer:--Hong Kong.
ts, Toeg. Eng., Cha Ching Sek. Ex L LeaAuthorised Capital ......
Miaria
2. Woog Cha Bon, Eat, and a
+
Lan Tong Yo, Yaq.. Ole! Manger.
Li Tea Fong, Esq., Mar.
BRANCHES AND AGENCIES—
Kalis
Melbourne Kagnesid
Smile
Bemarang Shaughaf
New York
Parts
Paiping
Farang
boursbaya Buslow bydney Telbak Tionisia
LA Kowloon
Rangoon
Уністр
Tokyo
Bao Franciao
VIDOKITHE Yokoka
f
***Paid-up Capital
Brary descriptional Banking and Exchange maled. La granted an approved
Anduritian
Crea Arnouaie opsust, in Lou! Curr
Fixed Depolis received for one you of Where periods in Local and Forsiga Durrencer
term which will be quoted on application, Bala Deposit Buse To
Chist Manager.
HAN TONG PO, Hong Kong, 1 March, 1994,
THE BANK OF TAIWAN, LTD.
Head Office: Talhoko, Formosa, Incorporated in Japan by Special Imperial Charter, 1899.
Central Bank of Fermoss, Notes
issued Average amount Y.45,000,000
Branches and Agencies, Japan:-Kobe, Osaka, Tokyo, Yoko- hama, Keelung, Makong, Nanto, Shoka, Shinchiku, Talehu, Tainan, Taito, Takao, Tamsui, Toen, Karenko Kogi, Heito, Giran.
China: Amoy, Canton, Foochow, Han-
kow, Shangbai, Swatow. Others: Bombay, Hong Kong, London, New York; Singapore, Batavia, Semarang, Soerabaya, Dairen. On and after April 20th, 1934, the rate of Interest an Special Current Deposit will be at 1% pa, on daily balance and the rate for balance over $20,800 will be quoted on application
Maximum rate-1).
Y. OHNO,
Manager.
Hong Kong Branch
3. Des Voeux Road, Central,
THE YOKOHAMA SPECIE BANK LIMITED.
Established 1880
Capital (fully paid-up) Yen.100,000,000 Yen.124,250,000 Reserve Fund
Head Office:-YOKOHAMA
Branches and Agencies at:
Alexandria.....
Batavia
Berlin
Bombay
Calcutta
Canton
'(Dalny)
Hankow
Harbin
Nagasaki Nagoya
New York
Oraka
Parts
Peiping Rangoon (Mukien) Rio de Jenélro
San Francisco Seattle
Hồng Kong Honolulu, Reinking Karachi
Kobe
Landon
Los Angeles Mania
Moji
Interbat allowed
Semarang
Shanghai
Singapore Sperabaya
Sydney
Tientsin Tokyo: Tsingtan
On demand
On Bangkok-
On demand
Sovereigns bank buying rate..1/9 $11,000,000 Bar Silver per oz.
8,655,000 32,170,102 Bar Silver in Hong
Kong
Fotal Resources Branches: Canton, Tainkan, Shanghai, Hankow, Bangkok & San Francisco.. Copper Cash London Bankers: Lloyds Bank Ltd Copper. Cents
Foreign Exchange and Banking business of every.... discription trans-
acted.
,nominal 1% prem. Rate of Native Interest 3% p.a. Chinese Sub. Coin ... 27% dis.
Current Accounts opened and Fixed Hong Kong Sub Coin ......par. Deposits recessed for one year or shorter periods at rates which will be quoted on application.
Safe Deposit Boxes (various sizes) er Alre,
LORE POONG SEAN,
Chist Manager,
+
THE AMERICAN EXPRESS COMPANY,
INC.
Head Office:-65, Broadway, New York
Capital
Surplus
Reserves
.U.S.$6,000,000.00 .... 2,087,112,69 1,995,523.81
BRANCHES:-
Amsterdam Antwerp
GIDOR Ulege
Athena ASTRO Веліче Berlin
Bomber
Fran
Brundle Calma Caleutia
Cangas Coloraba Copenhagen Juulla Edinburgh PenDE GASTR
атала
Habure MAYTO Huidelberg interlaken Jerusalem Loodoo Liverpool Luonte Lugano LAIDE Varela
Menia Carin Kaails
Munich
Milan Now Naples Pizua Faria Reipia Palermo Botterdam Beau Shangha Southampton Blogspor fantalo
Taormina Vienna Vasic Yokokama Euric's
Branches of American Express Com- of United pany in Principal cities Btates of America and Canada.
All classes of Commercial Banking Transactions undertaken.
Personal investment accounts handled.
LOCAL SHARES.
TO-DAY'S QUOTATIONS.
The following is the list of local abare quotations leshed to-day:
Banks.
1
H.K. Bank $1045 s. H.K. Bank (London) £139 n. Chartered Bank £16 n. Mercantile Bank, A. & B. £32 n. Mercantile Bank C. £18 n. Bank of East Asia $90 sa.. Am: O. Finance Corp., Sh. $20 m. China O. Fin. Ord., Sh. $1.80 n. China O. Fin. Pref Sh. $41⁄2 n.
Insurances.
+
Canton Ins. $270 n. Union Ins. $515 n. China Underwriters $1.20 b. 'China Fire Ins. $620 n.. H.K. Fire Ins:, $235 n. International Assce. Sh. $5 n.
Shipping.
Douglases, $40 n.° H.K. Steamboats, $74 n. Indo-Chinas (Pref), $30 m. Indo-Chinas (Def.), 138 n. Shells (Bearer) 43/9 . Union Waterboats, $18% n.
Mining.
Antamoks 75 cts. n.
Baguio Gold 40 cta. n.
Benguet Consolidated $14 b.
div.
Benguet Exploration 21 cts. 'n. Benguet Goldfield, 20' cts. D.
Big Wedge, 10 cts, a.
Salacots 16 cts, n.
TRADE OUTLOOK ON WALL STREET
Activity In Cotton Textiles
CITY OFFICIALS ACCEPT POWER PLANT PLANS ·
New York To-day. Tradera expect very dull markets until the end of the year.
Favourable factors prior to the opening of the N.Y. markets in- cluded
AMERICA'S TRADE ADVANCE
Imports And Exports Show Increase
GOLD AND SILVER EXPORTS DECLINE IN 1934
Washington, To-day, The progress of American trade for the past 11 months is shown by the figures issued by the Department of Commerce. Exports are $1,962,000,000-com-
(1) The weekly electricity produc-pared with $1,482,000,000 in the
· '.
NEW ADVERTISEMENTS
NOTICE.
R
TT IS HEREBY NOTIFIED that. the following Licences and Permita are due for renewal on the lat. January, 1985:---
(i) Private Ricksha & Driver
Licences.
(ii) Private Chair & Drive
Licencca.
(ii) Tricycle & Driver Licences, Vehicle
Licences.
(v) Motor Permite,
tion was 1,788,000,000 kw. corresponding period of 1983, Im-(iv) Public Motor hours against 1,767,000,000 k.w.ports are $1,622,000,000 compared hours for last week and 2,657,-with $1,818,000,000 Gold exporte 000,000 for the corresponding are $52,000,000, compared with Tricycle must be taken for inspec period of last year.
8855,000,000 and imports $1,094, tion before re-licensing to No. 4 (2) Cotton textile activity has 000,000, compared with $191,000,- Police Station, Wanchal, or Tsim
been increasing, sales being al-000. Silver experts are $15,000,000, Sha Tsui Palico Station. Kowloon," most double production due to compared with $18,000,000, and im-between the hours of 9 a.m. and 10 low Inventories.
ports $94,000,000 with $55,000,000.a.m., between January 2nd. and
January 22nd., 1985. ""An unfavourable factor was that Reuter, New York City officials have tenta- tively accepted plans to co-operate, with the Federal Government in the construction of power planta de- New York, to-day.-Gold imports signed to interchange electric cur Bince November 1 amount to over rent. United Press per S. E. Levy $200,000,000.-United Press, per S. and Company,
E. Levy and Company.
8. E. Levy And Company's. Report
AMERICAN GOLD IMPORTS
In their market report, Mesars EMPIRE SUPPLIES OF
S. E. Levy and Company, corres pondents for Mesars.. White. Weld and Company, New York state:
"Stocks: Tax selling swelled in volume considerably to-day and ex the steadiness. of stocks, in view of the large scale year-end adjust- ments, is encouraging. We believe trading parehases are justifled for Business an inter-modiate rally, done:-1,630,000 shares,
(Continued on Page 10.)
BASE METALS
Board of Trade To Hold Enquiry
JUL
LEAD AND ZINC PRICES IN UNITED KINGDOM
London, To-day. At the request of the President of the Board of Trade, Mr.
Duties Advisory Committee have
COMMODITY PRICES Walter Runcimen, the Import
The following quotations have undertaken to examine and re- been received by Messrs. S... Levy port on the subject of supplies
and prices of lead and zinc and Co., and the A.O.F.C.
to
T. H. KING,. Inspector General of Police, Hong Kong, 27th. Dec., 1984.
PUBLIC AUCTION
THE
HE Undersigned have received instructions to sell by Public
Auction
ON
Thursday the 3rd. January, 1935 commencing at 11 am.
at Messrs. Tyeb & Co.'s Premises, Queen's Road
A Quantity of Shop Fittings, Show Cases and Sundries Terms: Cash on Delivery.
LAMMERT BROS.,
Auctioneers.
Hong Kong, 28th Dec., 1934.
United Kingdom consumers and xx\{F}2}
the
Supplies of these metals from E sources outside the British Em- 12.56 12.64bire at present pay a 10 per cent.x 12.66 ad valorem duty which the Bri- 1262 tish Government may remove it
Empire producers fail to supply adequate quantities at prices not exceeding world-prices. Bri- itish Wireless Service:
gone
Everything BUT YOUR
SAVINGS
RENT
On T.T. and demand.
Credits 4 months' sight ..1/9%
Dn Shanghat-
121
724
On demand
146
On Indin-
Balatoca $37 b.
On T.T. and demand
112%
On New York-
On demand
41%
Credits 60 days' sight
434..
On Batavia-
On demand
6134
On Paris
Gold Creek 28 cta., b.
On demand
635
Gold Rivers 21 b.
Credită 4 months' sight
665
Ipo Mining $1 n.
On Salgon-
Itogans 40.cts. n.
On demand
632.
Kailan 19/- n.
8304
Langkata (Single) Sh. $15 n.
S'hai. Exploration Sh. $5 m.
109%
S'haf Loans, Sh. 36 n.
Raubs $10.70 n/
Dec. 26. Dec. 27.
24%
Venz; Goldfield 35 n. Docks, etc.
Closing Closing
New York Cotton:--
the relative provisions of Ottawa agreements.
Dom.
H.K, Wharves $112 n.
'n H.K. Docks, $12 Providents (old) $1,40 m.. Providenta (now), 60 cts. n. Hongkews, Sh. $309 m. New Engineerings, Sh. $54 n.. S'hai Docks, Sh. $120 n.
Cotton Mills,
January
12.39 12.45
March
12.67
May
12.66
July
12.67
October (1935).. 12.64.
Spot
12.75-
12.75
New York Rubber:
December
12.61
12,59
January
12.83
12.82
March
13.09
13.02.
May
18.29
18:28
July
13,47 18.42
September.
13.67
13,62
CLOTHING
October
12.70
Chicago Wheat:—
December
984
98%
May
99%
99%
July
94
98%
Chicago Corn:-
New York, to-day.-New York| Central net operating income for November totalled $1,706,079 against $1,818,159 for November of last year.- United Press, per S. E. Levy and Company, man
HEAT
85
TAXES
December
93%
932
¡May
90
89%
July
86
86%
OIL PRODUCTION INCREASE IN AMERICA
Winnipeg Wheat:-
December
4-78
784
May
89
831⁄4
July
83%
83%
New York Sugar:---
March
1.79
1.82
May
1.85
1.88
.
July
1.88
1.90
September
1.92
1.94
New York SIK:—
March
1.33
· 1.38
1.36
b. July
Montreal Silver:-
December
H.K. Electrica $72% b.
March
Macau Electrics, $25 n.
May
Sandakan Lights $8 n.
July
Telephone (old) $25.40 b., $25.35
日期:
Telephone (new) $10.85 b.
AMERICAN COTTON TRADING
Dry-Goods Export To Reduce Surplus
PLANS FOR HUGE SALES TO RUSSIA
SPECIAL TO CHINA MAIL. (By, Telegraph, Copyright, Telegra phic Messages Ordinance, 1884; - R4- ceived December 28, 9.15 am.)
New York, To-day. Cotton traders are interested in: the report that the Government la planning to reduce surplus stocks ly stimulating dry-goods exports.
It is reported that the Govern- ment will formulate plans to allow the mills to compete in the export market. It is understood that this includes the sale of 100,000,000: yards of dry-goods monthly to Russia, which is awaiting a gettle- ment of her debt.-United Press, per S. E. Levy and Company.
THE CHINA & SOUTH SEA BANE, LIMITED
General
(Incorporated in China) Head Office...Shanghai... Capital ..$7,500,000.00 Reserve .$1,500,000.00 Branches All Important Cities The Company offers to intending
in China Travellers the use of its "Travelers
and Foreign Exchange Cheques" and Letters of Credit and, Banking Business ansacted."
Current and Saving Accounts opened addition, the world-wide services its thoroughly equipped Travel De-and Fixed Deposit. eceived for one partment.
year or shorter partuus at rates which will be quoted on application,
SOU Z. CHANG,
Manager. HONG KONG BRANCH: 24, Des Voeux Road, Central. Manager's Office......Tel. 88565 Foreign Exchange Dept. General Office Cashier's Office
E. W. DUGGAN,
Manager,
THE WING ON BANK, LTD. HONG KONG
Authorised Capital $10,000,000 -
Foreign Exchange and Banking Business of every description transact- led.
...
Current Accounts opened, Special Deposits, received at special rates, end Fixed Deposita received for one year (or shorter period at rates which will
be quoted on application
Safe Deposit Boxes (various sizes)
Yingkow
Orent Ac for Dire
santa
Deposita received for fixed periods
י.
PHILIP GOCKCHIN HAND Chlef Manageri
As rates to be obtained on application, L GOCKCHIN
C. KISHINAMI Assistant Manager A Hong Kong, 11th September, 1986.
LI SHU FONG Assistant Manager
23566
38567
88569
THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED
Incorporated in China)
Capital paid up ..$5,000,000. Reserves...
*****$7,000,000, Capital Savings Dept. $500,000. Reserve Savings Dept. $600,000...
Head Office-Shanghaibiga
A Bank having as Its mission the Industrial, development of China and the fostering of her commer cial relations abroad,
Hong Kong office? Ich Hoo St. Phone 31461-2-4
Ewo Cottons Sh. 39 n. S'hai Cotton (old) $74.n. S'hal Cottons (new). 544 n. Zbong Sings, Sh. 89.40: n., Wing, On Textiles, Sh. $56 n.
Lands, Hotels, etc. H.K. and S., Hotels $5.10.b.. H.K. Lands $54 b., $54 88. H.K. Lands 4% Debentures 99%
n.
:
Shanghai Lands Sh. $241⁄2'n. Metropolitan Lands Sh. $12:20 n Humphreys 93⁄41⁄2' n.° H.K. Realtics $5.30 b. Asia Realties "A"; Sh. $100 n. Asia Realties "B" Sh. 20 n. Chinese Estates $88. m. China Realtles, Sh. $124. China Debentures Sh. $123 n. Public Utilities
H.K. Tramways $20.35 b., $20.20
$2,
Peak Trams (old) $12 n. Peak Tramos (new), $7 n. Star Ferries $98 b. Yaumati Ferries $22 n..
Light (old) $10 10/20/10%-sa-
C.
C. Light (now) $104 b.
China Buses, Sh. $12.40 D. Singapore Tractions 4/3 b. Singapore Pref. $17/9 n.
Industrials Malabon Sugars, 88.70 m.. Cald: Macg. (Ord.), Sh. $20 b. Cald: Macg. (Pref.) Sh$194 n. Canton Ices $2.85. Cements $2.80 n. H.K. Ropes $4.10 n.
Stores, etc
Dairy Farms $24`n. Watsons $5 n.
Lane, Crawfords $5.75 n. Mackintosha, $21 n.“ Sinceres $8.
Wm. Powells, 70 ets. n.. Wing On (H.K.) $105 п.
Miscellaneous.
H.K. Amusements $2% Entertainments, $71⁄2 n. S.C Enterprises $1.10 b. Macao "Greyhounds,"|42_n. Constructions (old) #2 n.4. Constructions (new) 71 cts. b. Vibro Pilling $0.60 n. ** Ch. Govt. 5% 1925 GSBds-92%
May.
NEW YORK CENTRAL NET
OPERATING INCOME DOWN
73.
New York, to-day.-Daily average: crude oil production was 2,428,150 barrels, as against 2,418,860 for last week--United Press, peż S. E. Levy and Company, 1
PUBLIC AUCTION
HE undersigned have received 1.84%structions to sell by Public
Auction 1.86 1.33%
53.60b 54.35n 54.25b 54.450 54.85 55.20 56.55 55.85n b-bid. a-asked. n-nominal.
་ ד
RAW RUBBER PRICES
Latest Quotations From
Singapore
Messrs. II. B. Joseph & Co. have received the following Straits Cur rency quotations (Buyera), from Singapore for Raw Rubbers: Jan-March-21% Unchanged. April-June-23 Up 8.
Market: Quiet.
lis. It Insured? ?
Insurance All: Clausen LOWEST RATES American Asiatic Underwriters Fed. Inc., USTAW
Head Office
17, The Bond
H.K. Govt. 4% Loan, 8% prem. b, Shanghai. HK
Govt. 81% Loan2%
prem, b
Wallace Harpers $7% 1.
General Agents/
IL. K. Office
Asia Life
Building
ON
Friday the 28th December 1934 commencing at 5:15 p.m.
at their Sales Room,
Duddell Street
A COLLECTION OF POSTAGE STAMPS
+
Terms: Cash on delivery
LAMMERT BROS..
Auct.oneers. Hong Kong, December 27, 1984.
FOOD
WATER
CHITS
SAVINGS
SAVE SOMETHING · START NOW UNDERWRITERS
́SAVINGS BANK
FOR THE FAR EAST,
INC.
Aris Life Building Hong Kong
Tel. 80284
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 CANADIAN COMMODITY EXCHANGE, INC.
CORRESPONDENTS FOR WHITE, WELD & CO. NEW YORK
7.ICE HOUSE STREET, HONG HONG
Tel. 80101 and 30103
Tel. Address: Balco