BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
10,000,000
Authorised Capital $50,000,000 honest and Fully Paid-up Banner Funds:----
Bling
46,500,000
Best 10,000,000
Mowers Liability of Propriators$90,000,000 HEAD OFFICE, HONGKONG.
BOARD OF DIRECTORS: Hog. Mr, O. G. 8. Macka Chairman,
Hon Mr., UL. Dodwell Deputy Chalen.
THE CHARTERED BANK OF INDIA, AUSTRALJA & CHINA,
Incorporated.by, Royal Charter, 1858.
HEAD OFFICE: LONDON
Paid-up Capital
Reserve Fund
Eeserve Liability of Pro-
prietors
THE CHINA MAIL, THURSDAY, JANUARY 3,
Commerce and Finance..
NEW SILVER £8,000,000 | MARKET
£3,000,000
£8,000,000)
Bemarang
Agencies and Branches:
Alor Bler
Baugos
Amriter
Ipoh.
Salgon
Bangkok
Karack!
G. Mukin, Eva
Batavia
.Beremben
Morrison. Eng.
Bloubey
Shanghai
Tim Foucos, eg,
Calcutie Colon Cawapre
Kydla
Slagspers
Bucking
J. M. Caybarn, keq,
1 Geby
dz
W. 11. Boll. Hug "AE. Compton, Eng
A. Knight, Esq.
Ohief Manger,
BRANCHES
LONDON
LYONG
MALACCA
MANILA
AMUT
SANGKUR
BATAVIA BOMBAY
DALOUTTA
MUAB (Jabors)
PANTON
KURDEN
NEW YORK
PEIPINO
PENAKO
THEPOO DOLOMBO DLIPEN POOCHOW HAIPHONG
·HAMBURG
MANKOW
HARBIN
MONGNEW
ILOILO
1101
JOHOR
KOEK
KOWLOON
BANGOON
SAIGON
BAN FRANCISCO
SHAKUHA
KUALA LUMPUR
HINGAPORE
KOURABAYA
BUNGEI PATANI .
TIENTEN
TOKYO
THIXOTAO YOKOHAMA
Carte unte opened la Local Currency and Fixed Deponiis resalted for one year or shorter periods in Local Coen pray and Hurilug
on tarmin which will be quoted as application. Hong Kong. Wh April, 1994,
HONG KONG SAVINGS BANK.
Calooshe Delhi Stalphone
Hacibeta Hackow Harbin
Kadan
New York
Pulping
_ (faking)
Bw
Boumbers Taping "Tansele
TODA
(Bruker) Tainted
Yokohama За обовода
Foreign Exchange and Osuszal Backing business
Curai Acouste opened and. Fixed Deposite enonivad for one year or shorter periods, a which will be quoted on application.
A. BRBARLEY.
Manager. Hong Kong, ist. January, 1935.
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
ESTABLISHMENT
IN LONDON NOW NEARS COMPLETION
Contract Technicalities
**Discussed
OPERATIONS WILL COMMENCÉ DURING THE YEAR
London,
Efforts to establishY
silver market in London made further progress yesterday, when a sub- committee of the Metal Exchange visited leading bullion brokers to discuss contract technicalities
It is understood that the com- [mittee's intentions are still too vague to allow a forecast as to a ]definite date` for the commence- ment of dealings, but it is con- (sidered certain that operations
on the Mezzanine Floor of will begin during the course of Our New building is Specially Con- 1935. stracted to provide all of these Im- portant Qualities. ba
The Business of the abora Bask is duck- by the HONG KONG AND SHANGILAI BANKING CORPORATION,
2147
piained on application.
-Balan
FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION.
Chief Managm
LOCAL SHARES.
TO-DAY'S QUOTATIONS.
The following is the list of local share quotations issued to-day:
Banks.:
H.K. Bank $1625.b. H.K. Bank (London), £188 n.
Chartered Bank £16 n.
Mercantile Bank, A. & B; £32 n.
Mercantile Bank C., 5184 a.
Bank of East Ania $90 ea. Am: 0. Finance Corp., Sh, $20 n. China O. Fin. Ord., Sh. $1.80 n. China O. Fin. Prof Sh. $4% n.' Insurances.
Canton Ins, $275.n.
Union Ins. $5121⁄2 b.. $520 3. -$510/515 sa."
American
Stock Market
COMMODITY PRICES
The following quotations, have been received by Messrs. S. E. Levy and Co. and the A.0.F.C.
Optimistic Outlook For 1935
GOVERNMENT BONDS SHOW SYMPATHETIC RISE
NEW ADVERTISEMENTS
HONG KONG ENGINEERING & CONSTRUCTION CO., LTD.
NOTICE
MEng), Hong Kong, has This
HUGH BRAGA, B.SC.
Optimism is marked, owing to the Hong Kong, 2nd January, 1986,
the Presidential policy, U.S. Govern- 19.17ment bonds rising in consequence." 13.41 18. E. Levy And Company's Report 13:60 In their market report, Messrs. ́18.81 ́ ́ ́S. E. Levy and Company," corres- pondents for Messrs. White. Weld and Company, New York state:
"Stocks: After an early dull reaction the market turned strong- er with a considerable increase in the volume of trading. While the Presidential stand on bonus and rellef questions is heartening to Conservatives, Congress "still" Ieans toward Inflation.. Meanwhile, me- tal, inventory and industrial fav- ourites are likely to attract major trading interests. Business done:
880,000 shares.
PUBLIC AUCTION
HE Undersigned have receivedi instructions to sell by Public Auction
ON
MONDAY, the 7th. January, 1935 commencing at 2.30 p.m.
216
at our Sales Room, No. 35, Hankow Road, Kowloon
A Quantity of VALUABLE HOUSEHOLD
Closing
Jan. 2. Closing
New York Cotton: January March
12.60
12.55
12.70
'12.71
The year has opened in America Day been appointed General Works, with good prospects for the months Manager of this Company. ahead, a substantial increase in the
By Order,
May
12.80
12.77
volume of trading giving buoyancy
B.. ALVES,
July
12.81
12.84
to the stock market.
Secretary.
October (1985)
12.67.
12.67
December
$12.78 **
12.72
general belief in the soundness' of
New York Rubber:
January
13.12.
March
13,36
May
13.56
July
18.75
September
13.94
14.01
October ......
14.09a
14.10
Chicago Wheat:—:
May
99/2
982
July
931
924%2
September
904
Chicago Corn:
May
89%
88%
July'..
86
85
September
818
Winnipeg Wheat:-
May
8394
82%
July
*841⁄4
8336
New York Sugar:-
March
1.87
1.88
May
1.91
1.92.
July
1.93
1.94
September
1.961
1.98
New York Silk:-
Baguio Gold 40 cta. n.
March
1.42
1.41
Benguet Consolidated $14 n.. Benguet Exploration 21 sts. n.
May
1.43
July
1.43
1.45
Montreal Silver:
March
55.65
65.30
May..
56.20
55.80
549,000 Bushels. -
July September
56.85
56.70
#Cotton:The market WES
a-asked.
57.50
-nominal.
57.05n
steady. Figuring on only normal operating needs, exports of United
China Underwriters $14 b. China Fire Ins. $520 n. H.K. Fire Ins, $240 b). International Assçe. Sh. $5 n.
Shipping.
Douglases, $40 n. H.K.. Steamboats, $74 E. Indo-Chinas (Pref.), $80 m. Indo-Chinas (Def.). $88 n. Shells (Bearer) $45 n. Union Waterboats, $18% n
Mining.
Antamoks 76.cts. b. Balatoca $37 n.
Reuter is assured that the dis- cussions with the bullion brokers Yon may obtain a Bafe Depoelt
-Reuter. Box in this most up-to-date Vanit for were very friendly. - {your wwɑ une at a very moderate Ran- V. M. OKATBURN,
taL
Inspection Cordially Invited, THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road, Central
US. Policy Responsible Benguet Goldfield, 20 eta. n.
Hong Kong, Disk February, 1904,
THE BANK OF EAST ASIA, LTD.
Authorland. Oupčiai
$19,000,000.00
Palang Caplikueremnunexcom. 5,095,800.00
A London cable of December 7 Isaid that the Financial. Times had Jannounced that the London metal exchange had virtually decided to start a silver spot and futures mar-
Wave and Bodivided Prof. 00,00 THE BANK OF CANTON, LTD. ket, unit dealings being 5.000 ounces.
HEAD_OFFICE;-KONO KONG
13. Dis Vaux Bond Central,
BOARD OF DIRECTORS —
Ble Shop on Chow, Chalmusmas,
14 Low Chua, Esq., P. K. Kwok, Esq., Wong
1
Tour, Esq., Chan Ching Shak, Beq
Ratabilahed, 1912.
Head Office Hong Kong.
La Authorised Capital ...... $11,000,000
Paid-up Capital
, B., Wong Chu 600; Eng, and Kan Ting
Kaa To P, Esq. Glide! Menger.
Tee Fong. Esq., Manager.
BRANCHES AND ADENCIES |--
Manila Melbourse
Jataria Bombay
Bestia Becara
Nagal
New York
Deaks
Lactobare
Paris
Harlow
Piping Ресе
Sangoca
Salgún
London
Sam Prazzinon
Shay deco al Banking and Exchange Janainans transaęted. Loans granted on apprović pouzitie.
Current Accounts opened in Loual Currene
Piza Deporite repelle
shorter in al
Total Resources
8,655,000 82,170,492
The journal added that the pro-i posal was a reflection on the world-i wide renaissance of interest in gil- (Continued on Page 9.)
Branches: Canton, Tolaban, Shanghai, GOLD STANDARD TO Hankow, Bangkok & San Francisco, London Bankers: Lloyds Bank, Ltd.,
Foreign Exchange and Banklar business of every discription trans- Bated.
BE UPHELD
Current Accounts opened and Fixed French Monetary Policy yeaTo Remain Unchanged·
Deposits recerred for one shorter periods af rates which will be quoted on application.
Safe Deposit Boxes (vazious aİzas) for hire.
· LOOK- POⱭNG GHAN,
Chief Manager.
Faris, to-day.
The Ministry's monetary policy will remain the same, stated the Finance Minister, commenting on M. Tannery's appointment. The late M. Poincare's plans for finan
carinich milf aequoia on applicet AMERICAN EXPRESS COMPANY;cial recovery will be continued and
Pulala Depaulk Jones To-Lat
KAN TOXO PO,
Chint Manager. Hong Kong, Jan March, 1904.
INC.
Head Office:-65, Broadway, New York
THE BANK OF TAIWAN, LTD.
Head Office:Tulheka, Formosa; Incorporated in Japan by Speciál Imperial Charter, 1899,
-Capital
Surplus
.U.S.$8,000,000.00
Reserves
2,087,118,89 1,995,628.81
Central Bank of Förmain, Notas
issued Average amount Y.45,000,000 || Ametersam
Branches and Agencios.
Japan:-Kobe, Oraka, Tokyo, Toko-
BRANCHES:-
Oinon
Milan Nior
Albebé
Naples
Uhina: Amoy, Canton, Focchow, Han-
Taito, Takao, rameul, Toen, Karenko. Kagi, Heite, Giran,
hama, Keely Makong, Nanto, Holst Shoka, Shin ku, Talchu, Tainan, s
Henbury
Bombay
Heidelberg
Brazka Brusela Caire Calcutta
Entertakes
Jerusalers
Pirms Parla Peipin Patie Botterdam Borge
London
Liverpool
kow, Shanghai, Swatow.
Canno
I
Others: Bombay, Hong Kong, London, Copenhage
New York, Singapore, Batavia, Samarang, Soerabaya, Dairen,
Lig
Lazor
Thiblia
Maill
Edinburgh Foto Gopath
Munio Carl MARƐLA Muniz
Moo Sex
On and after. April 20th, 1934, the rate of Interest G Special Current Deptit will be at 14% pa on dally balance and the rate for balance over ($10,000 will be quoted on application
[Maximum rato---~1%).
Y. OHNO,
Manager.
Hong Kong Branch
8. Des Voeux Road, Central
Taormina
Vanion Yokohama Zurich
the principles to which M. Moret adhered for the safeguarding of the franc will be maintained.
Both the Finance Minister and M. Taniery are determined to uphold the gold standard.-Reuter.
Big Wedge, 10 cta. a. Gold Creek 29 ets. n. Gold Rivers 321 n. Ipo Mining $1.
Itogans 40 cts. n. Salacots 16 eta, n. Kailan 19/- n
Langkats (Single) Sh. $15 n. S'hal Exploration Sh. $5 n. S'hai Loans, Sh. $6 n. Baubs $10.70 n. Venz; Goldfield $5 n. Docks, etc. H.K. Wharves $112 b. H.K. Docks, $12%,n. Providents (old) $1:40 n. Providents (new), 50 cts. n.
Hongkews, Sh. $309 m.
New Engineerings Sh. 85% n. S'hai Docks, Sh. $120 n.
Cotton MIUS: Ewo Cottons Sh. $9-n." S'hai Cotton (old) $74 n.. S'hai Cottons (new) $44% no- Zoong Sings, Sh. $9,40 m. Wing On Textiles, Sh. 455-p.. Lands, Hotels, etched H.K. and S. Hotels $5.20 b.. H.K. Lands $55 n^!
H.K. Lands. 4% Debentures. 100%
b.
*
Shanghal Lands Sh. $24% n Metropolitan Lands Sh. $12.20 Humphreys $93⁄41⁄2 :n.^. H.K. Realties $5.40.b. Asia Realties "A" Sh. $100 n.
BOOM ON BOURSE Asla Realities "B" Sh.$20 n.
French Rentes Gain 135 Centimes
Paris, To-day. The announcement of the ap pointment of M. Jean Tannery; as Governor of the Bank of France, followed by that of the Franco-Italian agreement, led to a boom on the Bourse.
French Rentes gained as much Branches of American Express Com-as 135 centimes and other securi pany in Principal elties of United ties followed suit. Reuter. States of America and Canada.
All classes of Commercial Haniding Transactions undertaken.
Personal Investment accounts
THE YOKOHAMA SPECIE BANK handled.
LIMITED
Established 1880
Capital (fully paid-up) Yen 100,000,000 Reserve Fund
250,000
Yen
Head Office:-YOKOHAMA
Branches and Agenclen at:
Batavia
Nagasaki Nagoya
Berlin
New York
Bombay
Calcutta
Dancin Parka
Canton
Dairen (Dalny)
Peiping. Angoon Fenetlen (Mukden) Rio de Janeiro Hamozre
Harbin
Honolulu
Franciaco
The Company offers to intending Travellers the use of its "Travelers Cheques and Letters of Credit and, addition, the worldwide services fits thoroughly equipped Travel De partment.
E. W.-DUGGAN,
Manager,
THE WING ON BANK, LTD. HONG KONG
Authorised Capital $10,000,800
Exchange
THE CHINA & SOUTH SEA BANK, LIMITED
(Incorporated in Chins) Head Office...Shanghai Capital **-$7,500,000.00 Reserve $1,500,000.00 Branches w...All Important Cities
in ChinaWAN Foreign Exchange and General Banking Business transacted,
Current and Saving Accounts opened and Fixed Deposits received for one year or shorer pertida at rates, which will be quoted on application
BOU Z CHANG,
HONG KONG BRANCHATOO 24, Des Voeux Road, Central. Manager's, Office Tel.: 38565 Foreign Exchange Dept. General Office
| 83567 Casiler's Office ...
THE SHANGHAI
Busiusas of every description transact:& SAVINGS BANK
Current: Acc Déposits
Chinese Estates $88
China Realtles, Sh. $124 n. China Debentures Sh. $125 n Public Utilities
H.K. Tramway's $20/70.
$2034/80 8.
Peak Trams (old) $12 n. Peak Trams (new), 37 n. Yaumati Ferries $22 n. Star Ferries $100
C. Light (old) $10.80 b. $10% C. Light (new) $10.60 b H.K. Electrics $721⁄2 by $72.88. Macao Electries, 325 n. Sandakan Lights $8 n." Telephone '(old)* $25.55 by $26 Telephone (new) 611.10 b. China Busea, Sh. $12.40 n. Singapore Tractions 4/6 b.. Singapore Fref. $17/9 n.^/
Industriala
Malabon Sugars, 88.70 'n.. Cold Macg. (Ord.), Sh. $20 m... Cald Macy. (Pref.) Sh$19%. Canton Ices $2.85 1.
"Bonds: U. S. Government Bonds were higher while high grade bonds showed a good tone and second grade issues were un- changed.
"Grains: Buying by mills. on
1.42% further declines was expected to cause a reversal in the trend. Wheat Total sales:-11,008,000 bushels, Corn: Total sales:-11
RAW RUBBER PRICES
Latest Quotations From
Singapore
-FURNITURE
1 Radio Gramaphone 1 Radio Set
On view from Saturday the 5th... January, 1995.
Terms: Cash on Delivery,
LAMMERT BROS.,
Auctioneers..
Hong Kong, 3rd, January, 1935.
kikas
REMOVAL NOTICE
LONG HING
& Company
From
17A Queen's Rd. C.
States cotton should facresse me-To No. 9, QUEEN'S ROAD., CTL terially
(Next to Mercantile Bank Bldg.)
"Rubber:-Outside interest is Headquarters for Kodaks and Agine Developing, printing and enlarging moderately but steadily broader- EXPERT REPAIRING OF CAMERAS, Ing. Total sales-217 lots.
LENSES AND SHUTTERS
The following telegrams were received by Mesara. S. E. Levy and
(Continued on Page 11.)
Messrs. II. B. Josephi & Co, have [Co. from Reuter:- received the following Straits Cur rency quotations (Buyers) from Singapore for Raw Rubber:
Spot 21...
April June 23% up July-Sept. 24% up;%. Market:Firm.
WING ON NEW YEAR SALE
Weight Estimation Contest
The Wing On Co, Ltd., is from to-day's date having a grand New
LOCAL DOLLAR STEADY
Silver Prices Advance
The local dollar is steady, opening on demand this morning at 1/81/2
Spot and forward silver prices | advanced, being quoted at 24 and 24%, respectively.
The London on New York cross- rates was quoted at £U.S.$4.98%.
Year Sale Prices have been ex-as compared with 4-U.S.$4.98%. ceptionally cut down in addition to The New York on London rate unasual discounts; credit coupons was quoted at £-U.S.$4.94.
will also be given at 5 cents to every dollar of cash purchase. A Weight Estimation Contest is also being inaugurated. Three prizes, in goods to the value of $800.00, will be given to winners who have submitted the most exact or the nearest weight.
Spot
LONDON SILVER
24- Unchanged" Forward... 24% Unchanged. Silver Comment:
'India bought, China sold., busi ness small.
Chinese Engineering And Mining
Co., Ltd. Annual General Meeting
The Annual General Meeting off
the Shareholders of the Chinese Expenses in Europe Engineering and Mining Co., Ltd Cost of new Talons and was held in London on December Coupons 31, 1994; when the Director's Re
Shares
port and Statement of Accourts for Directors Fees
the year ended June 30, 1934, was Income Tax submitted.
Extract From Directors' Report
The net result of the year's
transaction shows a balance to the
$14,592
Everything BUT YOUR
gone
SAVINGS
RENT
FOOD
CLOTHING
HEAT
TAXES
WATER
CHITS
SAVINGS
SAVE SOMETHING
START NOW
UNDERWRITERS SAVINGS BANK
FOR THE FAR EAST,
INC,
for Bearer
86
-4,200
57,841
76,169.
75,182
Tel: 30234
debit of Profit & Loss Account of Leaving a deficit of $1,407, made up as follows Proportion of Kallan Min
Cements 2.20 b, $2.36 s., 24 sa. Interest in Europe....
K. Rapes 84.10 ne
Stores, etc.
Dairy Farms $234 6.
Watsons $5.
Lane, Crawfords $3.75 Mackintoshs, $219
Sinceres $8
885
$3509
Wm Powells.
Wing On (H.K.)*8105 n.
Agency Fees
ing Administration's Pro- fits plus Interest in China
258,189
MAZAT
6,000
158
Exchange
$4.855
Balance brought
(Less Sundry item
forward
Sundrier)
which has been charged to Reserve.
Life Building
Hong Kong Jer
S. E. Levy & Co.
UNDERWRITERS AND DISTRIBUTORS
SECURITIES AND COMMODITIES BOUGHT AND SOLD ON COMMISSION
DAILY NEW YORK STOCK AND
It Insured?
s.jand sa
NEW
COMMODITYSSERVICE
TANGE
WHI