BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Akorland Capita
$50,000,0
bossed and Filly Palk-up sid 10,000,0 Beserve Funde-
Betting 60000
$10,000,000
Beserve Liability of Propassion $20,000,000 HEAD OFFICE: VONGKONG.
}
BOARD UP DIRESTORS,
Hon. Mr. 0, 0, 1, Mackle
Chairman,
8. 4, Dodineli, Keg, Deputy Chairman.
*Hon_Mr.W, H. Ball
1.3. Kerlok, Exp
§ 4. Kaight, Reg.
ANOT
ВАНСКОЕ BATAVIA BOMBAY VALOUTTA DANTON CHEYDO
COLON 80
DAIREN
POOGEOW RAITHONG MAKBUDO FAKKOW ΕΛΛΙΔΗ KONGLEW
попо
поп
JOHOR.
IOBE
KOWLOON
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporate by Royal Charter, 1863.
HED OFFICE: LONDON
Paid-up Capital
Reserve Fund Herve Liability of Pro
prietors
Italte (pok
Kine
.$3,000,000 .£8,000,000
THE CHINA MAIL, TUESDAY, JANUARY 15, 1935
Commerce and Finance..
DOWNWARD TREND |
ON WALL STREET
£3,000,000 Sequel To Gold Clause
Agencies and Braschent
Aby Al
Amriter
Mangak
Karachi
in Main, Tag.
Relatia
4
T. Eco, Esq.
B. b. Horrison, Eug
Bombay
Kobe
Varusta
Rangoon
Benarast kutamba Shanghal Starspors
Caxton
Lutapar
BILIWAN
Fapore Ober
Sourabara
Taiping
Colombe
Merlin
fierislu
Delhi
Madan
Tongkah
Haiphong
Now, Lock
(hoker)
Bamburg
Pelplus
Υπέσχισα
Minkow
(Pro)
Yolbema
Farble
Tipend
Kamboangs
· 3. M. Orayburn, hag.
,
Clint Manager
BRANCHES
DONEUM
EYOND
SALUCA
MANILA
MUAK (Johor)
MUIDEN
NEW YORK
PEIPING
PEMKO RANGUR
BALON
BAN FRANCI
BAKUHA.
BINDAYURE
Trong Trich
Forlia Earhangs and Genotni Daoking business transacted,
Carreal Acenta opened and Fixed Depot racetoad for was year or borlar periods which wil he quoted on appliation.
A BREARLEY.
KUALA LUMPUR
Maneger. Hong Kong, 1st January, 1985.
BUNGE PATANI
TUKYO
THINUTAO
ZUKVILAMA
SOURADAYA
TIENTBIN
you" *
One coate opened is Loose Durraaby
Tixed Deposite secuited for on short perinde iz Loom Coupeny and biorilag them which will be quoted an application. Rong Kong, Isis April, 1994.
SAFETY FIRST! To Safeguard Your Valuables and Jewelleries. Deposit them in a Vauli that in really: FIRE-PROOF BURGLAR - PROOF
DAMP PROOF!
Case
LOCAL SHARES.
TO-DAY'S QUOTATIONS.
INDIAN CHAMBER OF COMMERCE Proposed Formation In Hong Kong
ORGANISING SECRETARIES
APPOINTED
A preliminary meeting of the representative Indian Merchants of
|RAW RUBBER PRICES
Latest Quotations From
Singapore
The following is the list of local the Colony was held under the Chairmanship of Mr. A. Tyeb Khan, share quotations issued to-day:
of Meers. Tyeb & Company, on Sat- Banke
Jurday the 12th Inst., at the Sindhi|| Merchants Club Hall, to hold an inforinal discussion as to the"fea-| sibility of forming an Indian Cham-]
[COTTON EXPECTED TO BE QUIET H. Bank $1600/1595 sa.
Failing an unexpected move by
H.K. Bank (London) #189-n. Chartered Bank £15% m.“
President Roosevelt on the Gold Mercantile Bank, A. & B. $32 ber..of Commerce for Hong Kong
Clause Case, prices on Wall Street are expected to resume the down- ward movement.
We expect Cotton to be quiet and The with little change in prices.
to recent nervousness is likely continue but there is considerable latent support from trade sources.
Rubber is expected to be down. Wheat should be steady, on wea. ther conditions becoming very cold. We expect a reduction in the estimate of European require- ments.
Spot...
.24 /1⁄2 up 1/16 Forward .24% up 1/16 London Silver Comment: America bought. Speculators bought and sold: Market steady. 8. E. Levy And Company's Report located on the Mezzanine Floor of In their market report, Messra. Our New building is Specially Cons. E. Levy and Company, corres bestructed to provide all of these Im
pondents for Messrs. White. Weld and Company, New York atate? VOS THE HUNG KUNG AND HARUHI portant Qualities,
HONG KONG SAVINGS BANK.
The Beck of the mbuis kan la poaduse by the BONO KUNG AND BHANUBAI BANKING CORPORATEUR,
elped on application..
AANKING DURPURA PION
Bules
V. M. GRAYBURN,
“Uhini ilanagar,
Hong Kong, Mth February, 1964.
THE BANK OF EAST ASIA, LTD.
Apikerized Capital
Pildup Capital, matmeniman Kamera and Undivided Profil
14 X
10,500,000,10 $1,184,300.00
HEAD OFFICE1-HONG KONG
12, Das Voux Ecod Central,
BOARD OF DIRECTORS 1–—
El Show Chow, Chairman
Chu, Ex. 2. A. Kwok, Eng., Wang
Kus Toog, Eag, Chan Ching Shak, Esq., 14 Laz Has Eng., Wong Chu Ben Roq, and "Ban Ying
Sancy
Ian Tony Po, Maq.. Gulet Managar.
LA The Foos, Reg., Kaneger.
BRANCHES AND 10RNGIÐ6 :---
Komsang
Alazila
Nagmaki
New York
Singapore Gourabaya
Puri
Perplug
byway.
PODOBE
Kavicon Londre
Hangoou 8urou Sena
Daleptis Jealou
/pla.com Mashor Benölula Labe
Fam Folyo VOTE Fotokama
Bray description of Barking and Exchange busing transdieć. Loans granted an appromo
curities. Currat Acegunta ogased in Local: Dermos
sad Feed Deposite resolved the pos your shorise parfoda in Local and Yorniga Outryndes an verma which will be quoted on "application.
Bala Depot Bozan To 1st,
KAN TONG PO,
Hong Kong, at March, 1994.
Chief Managar,
THE BANK OF TAIWAN, LTD.
Head Office:—Talksku, Forms, Incorporated in Japan by Special Imperial Charter, 1899.
Central Bank of Formosa, Notes
Issued Average amount Y.45,000,000
Branches and Agencies.
OUR SAFE DEPOSIT VAULT
You may obtain Safe Deposit Box in this most up-to-date Vault for your own use at a very moderate Rea fial
THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road, Central
Inspection Cardíally Invited.
THE BANK OF CANTON, ́LTD.
· Established 1912,
Head Offee-Hour Kong
Authorized Capital
****** -$11,000,000
"Stocks:-This week's meeting of inflationist groups to co-ordin- ate legislative programme, may re- create the current lagging of mar- ket interest. Meanwhile, contin
uation of dull trading in the mar- ket in likely. Business doner- 550,000 shares.
(Continued on Page 7).
CUSTOMS RECEIPTS IN KWANGTUNG
Paid-up Capital, ...................... 8,655,000 Sharp Decline Reported
Total Resoureta Fe.....**
82,170,408
During 1934
Canton, January B.
Branches: Canton, Tolahan, Shanghai, Hankow, Bangkok & Ban Francisco, London Bankets: Lloyds Bank, Ltd., ́ ́
Foreign Exchange and, Bankdagi business of every discription trans-A sharp decrease of more than $5,000,000 has occurred in the Current Accounts opened and Fixed receipts of the various Customs Deposits received for one year or in Kwangtung province for the shorter periods at rates which will be
year 1984. quoted on application.
acted.
Safe Deposit Boxes (various sizes)
for hire.
LOOK POƠNG SHAB,
"Chief Managwy
The receipts of the Canton Customs were only $8,000,000, representing decrease
a
of $3,000,000 as compared with those of 1933; of the Kowloon Customs, $7,050.000, a decrease AMERICAN EXPRESS COMPANT of $800,000; and of the Tsao-
THE
ING.
Head Office:-65, Broadway, New York.
.U.8.$8,000,000.00
2,087.112.89
........... 1,995,528.81
Capital
Surplus
Reserves
BRANCHES:--
Austeraam
las
Antwer Albena
Now
Naples
Aming Henise Merlin
Tambay Heerjan
Cairo
Kevins Bambor Havre Heidelberg Interlaken
Pirans
Pipin
Jeruanos
Calcutta
Tverpool
LONDE
Colombe
Lugane
Luxor
Taormina
Markloo
Slopta Carle
Vienna Vanios Tokohama Zarick
Japan:-Kobe, Osaka, Tokyo, Yoko- hama, Keelung, Hakong, Nanto, Shoka, Shinchiko, Talchu, Tainan, Taito, Takao, Temsa, Toen, Karenko Hagi, Heito, Giran China:-Amoy, Canton, Foochow, Han
kow, Shanghai, · Switow.- Others:-Bombay, Hong Kong, London.
Now York, Singapore, Batavis, Ca Bamarang, -Soerabaya, Dairen. On and after April 20th, 1984, the Con rate of Interest on Special Current Deposit will be at 14% p.a, on daily balanes and the rate for balance over $10,000 will be quoted on application (Maximum rata-1%)..
Hong Kong Branch
Y. OHNO,
Manager.
8. Des Voeux Road, Central.
Publi
#
Palaborgh Flowance Солета
Mealla
Munich Voalrout
Hellerdam Pion
thunga
Boo Молером Timbila
Branches American Express Com- pany In Principal cities of United Btates of America and Canada.
All classes of Commercial Banking Yansactions undertaken
chow Customs, $5,080,000, a de- crease of $2,010,000-(Cheklai (Agency).
Mercantile Bank C. $181⁄2 m Bank of East Asia $90 n."
Messrs. 11. B. Joseph & Co. hayo received the following Straita Cur- rency quotations (Buyers) from Singapore for Raw Rubber:
Spot 21 unchanged. April-June 23% down July-Sept. 25 down 14. Market Uncertain.
NEW ADVERTISEMENTS
NOTICE.
AGAZINE Gap Road has now
MA
been completed for motor traffic (commercial vehicles except- ed) and cars may now use this road. All drivers are warned that traffic
SINGAPORE RUBBER lights will not be erected for another
SHARES
Latest Quotations
and South China,
Messrs. Carroll Bros. have just] Mr. K. B. Waidya of Messrs. Kreceived the following, quotations of Am: 0. Finance Corp, Sh: $20, Waidya & Sons, who convenced Singapore Rubber Shares
China 0. Fin. Ord., Sh. $1,80 n. China O. Fin, Pref Sh. $41⁄2 n. Insurances.
· Canton · Ins.» $275′′
Union Ina. $500-3
the meeting, it explaining the job-
dated
ject of the move said that the trade January 10 (prices in Straits cur- carried on here by the Indian Merrency)
Alor Gajahs $1.75 b., $1.85:8.. cantile Community was consider-
Ayer Panas 81.92% b., $2.00 s. |able. Besides, there are several special circumstances attached Ayer Melek $1.25 b., 31.35 a.
Brogas $1.02 b., the Indian trade, as well as other trades carried on by the Indinu. International Assce. Sh. $5 D Mercantile Community, which re
China Underwriters. $1% b.. China Fire Ins. $520 n. H.K: Fire Ins. $230 n.
Shipping.
Douglases, 40 n. H.K. Steamboats, $71⁄4 n' Indo-Chinas (Pref.), $80 m Indo-Chinas (Def.), $85 m. Shells (Bearer): $8031⁄2 n; Union Waterboats 18% n.
Mining.
Antamoks 88 cts. b., 89 cta. sa. Balatocs $38 b.
quire handling by a special Asso- ciation and the concentrated acti- vities of all the Indian. Merchants. The trade of India with this aide is steadily declining and Indian merchants sometimes And diScul- ties in their business. Indian ex- porters on this side have been ship-i ping cargo all over the world and they do not know what conditions
prevail at the other end. Therefore,
to tide over all these difficulties and to afford facilities for the trade of
Baguio Gold 36 cts. b., 838% 24, the Indian Mercantile Community.
Benguet Consolidated $14 3.' Benguet Exploration 18 ets. n. Benguet Goldfield 18 cts. b. Big Wedge, 10 sta. m. Gold Creek 38 eta. n. Gold Rivers $224, b. Ipo Mining $1 ̧n. Itogane 42 cta: n. Salacots 16 cts. n. Kailan 18/..
Langkats (Single) 8h. $15 n. S'hal Exploration Sh. $5 n. S'hai Loans. Sh. $6 n.. Raubs $9.20/ 88.
Venz; Goldfield $5 n. Docks, etc.
**
H.K. Wharves $109 b. H.K. Docks $11% n. Providents (old): $1.40 sa.. Providents (new), 50 cts, n. Hongkews, Bh. 8809 m. New Engineerings, "Sh. 35% D.. S'hai Docks, Sh. $120 n.
Cotton Mills. Ewo Cottons Sh. $8.90 m. S'hal Cotton (old) $74 n. Shai Cottons (new) 344% n. Zoong Sings, Sh. 39.40 n. Wing On Textiles, Sh. $58 n..
Lands. "Hotels, etc. H.K. and S. Hotels $5 b., $5.10 'sa, HK. Lands $511⁄41⁄21⁄2 4
L
H.K. Land 4% Debentures 100%
k.
Shanghai Landa Sh. $241⁄2 n.
the formation of a Chamber of Cóm- merce of their own would be of im; mense value and assistance.
week, and that they must proceed with the utmost caution at the junc tions with Stubbs Road and Mar |Road.
T. H. KING, Inspector General of Police. 14th January, 1985.
HONG KONG CRICKET CLUB. ·
NOTICE
¡EMBERS and SUBSCRIBERA
Changkat Serdangs $1.26 b., $1.30 Me asked to note that Mr.
8,
Glenealys $2.15 Cum b., $2.25 x. Malaka Pindas $1.65 b, $1.70 a. New Scudala $1.90 b., $2.00 s. Pajamis $2.15 b., $2.25 8. Sandycrofts $1.82% b., $1.87% Teluk Ansone $1.47% Cum b
$1.55 #.
Un. Malaccas $1.90 b.; $1.97% 8.
US. TRADE PACT
Reciprocal Agreement
With Brazil
SIMILAR NEGOTIATIONS TO BE OFENED WITH CANADA
Washington, To-day.
It is, however, not intended to make this proposed Chamber a ri val to any other Chambers here, but only as a sister organization te work in co-operation with other It is authoritatively reported similar Chambers in the Colony, that the State. Department is about The Chamber has no political to conclude a reciprocal trade motives its main-concern being the agreement with Brazil and that business side of the Indian Com-similar negotiations will be open-
ed with Canada. munity.
It is expected that the Canadien After Mr. Vaidya had spoken the proposal was discussed freely by agreement will be limited to specl- Mesars. A. Tyeb Khan, Mahan fed items rather than that it will the entire trade Beld- Singh, N. Nanikram, J. Wattumul cover
Reuter. and V. 9. C. Singham. The object of the proposal was warmly,aup ported by all those present, and three Organising Secretaries, Mesers. H. Sedick, N. Nanikram and V. S. C. Singham were nominated
LOCAL DOLLAR STEADY
to make a detailed list of firms and Silver Prices Improve
collect further material and make!
arrangements for the first generalThe local dollar remains steady, meeting of the Indian Merchants opening on demand this morning at resident in this Colony and South 1/84. Chinu
Spot and forward silver prices, The meeting ended with a vote of however, advanced 1⁄4%, being quot- thanks to the chair, proposed by Mr.ed at 24 1⁄2 and 24 %, respectively. The London on New York cross- V S. C. Singham and seconded by
rate was quoted at --US.$.89%, Mr. Naban Singh,
as compared with £-U.S.84.90%.
The New York on London rate was quoted at £-U.S$4.88%, an compared with £-U.S.24.90%.
EXCHANGES.
Metropolitan Lands Sh. $12.20 D.] ⠀⠀⠀ TO-DAY'S QUOTATIONS.
THE CHINA & SOUTH SEA BANK, Humphreys $0% n
LIMITED
(Incorporated in China)
Head Office..Shanghat
Capital
Reserve
Branches
..$7,500,000.00 ..$1,500,000.00
...All Important Cities
in China Foreign Exchange and General Banking Business transacted.
Corrent and Saving Accounts opened and Fixed Deposits received for one year or shorter periods at rates which will be quoted on application.
SOU Z. CHANG,
Manager. HONG KONG BRANCH: 24, Des Voeux Road, Central.
·Manager's Office „Tel. 98505 Foreign Exchange Dept
» 83566 General Office
38567 Cashier's Office
33389
THE YOKOHAMA SPECIE BANK Personal investment accounts THE SHANGHAI COMMERCIAL
· LIMITED.
Established 1880-
Sapital (fully paid-up) Ten.100,000,000 Reserve Fand
Yen.124,260,000
Head Office: YOKOHAMA
Branches and Agencies" ats
Berlin
Bombay
Alexandria
Nagasaki
Bateria
Nagoya
New York Osaka
Rangoon
Onlcutts
Canton
Dairen (Dalay). Fengtien (Mukden)
Hamburg
Hankow
Harbin
Hong Kong
Honolulu
Hsinking
Karachi Kobe
Paris!
Peiping
Rio de Janeiro San Francisco Beattle Bemarang
Shanghal
Singapore:
handled.
The Company offers to intendix Travellers, the use of its “Travelers Cheques" ; and Leiters of Credit and,
addition, the world-wide services| It thoroughly equipped Traval De ¡partment.
E. W. DUGGAN,
Manager,
THE WING ON BANK, LTD, TONG TỔNG
Authorised Capital $10,000,000
Foreign inge Business of every description
urent: Accounts
Fized
& SAVINGS BANK LIMITED-
Reservea
¤Incorporated in Chisa) Capital-paid up 0.2.15,000,000. $7,000,000. Capital Savings Dept. 1500,000, Reserve Savings Dept. $630,000. Head Offen-Shuurkal
A Bank having as its mission the Industrial development of China and the fostering of her commASS cial relations abroado Hong Kong 'offchii! Ies Houns Phone 31481-3-
As It Insured?
Ensor
SLOW
H.K. Realties $5.10 b.
Asia Realtics "A", Sh. $100 n. Asia Realtles "B" 8h.320 m. Chiness Estates $88 n. China Realties, Bh. $124 a. China Debentures Sh.8128
Public Utilities H.M. Tramways $20.40 b Peak Trams (old) $11 B Peak Trame (new), $7 n. Star Ferries $100. Yaumati' Ferries $22. C. Light $10.35 b... H.K. Electrics $72 b., $73, sơ Macao Electrics, $25 n. Sandakan Lights 88 n. Telephone (old) $25 b.) Telephone (new) $111⁄2 n. China Buses Sh. $12.40 n #Singapore Tractions 6/- n.
Singapore Pref. $17 n.
Industrials C Malabon Sugars, $8,70-n. Cald: Marg, (Ord.), Sh. $20 n. Cald Macg (Pref.), Sh#1944 n. Canton Ices 82.85.
Cements $2;b., $2.05 a." and sa. H.K. Ropes 83.80,0,-
Storen, etc "Dairy Farms $243⁄4% 88.
Watsons $5.
Lane, Crawfords $8.76 m. Mackintoshs, $21 Sinceres $8 n.
Wm. Powella. 70 cts. n. Wing On (H.K.): 8105_n.
Mac HR. Amus Entertainments,
On London'
On T.T. and demand
4 monhta' sight-
.1/8/4 1/84
Credits 4 months sight..1/9/
On Shanghai-
On' demand
On Singapore
On demand
On Japan:-
78%
On demand
148
On Indin—
On T.T. and demand
114%
On New York
On demand
421⁄4/4
Credits 60 days' sight
-48%
On Batavia
Ол demand
62%
On Paris
On demand
640
Credits: 4 months" eight
670
On Saigon
On demand
64
84/
On demand ...
107
Sovereigns bank buying rate 1/93% Bar silver per oz
24%
On Manila,
On demand
On Bangkok-
Bar silver in Hong Kong
Copper cash
Copper cents
Rate of native Interest .8% pa. Chinese-sub coln 27% dia. |Hong Kong sub coin.
LONDON EXCHANGES London. Yesterd
Paris
New York
[ontreal Brussels
PUBLIC AUCTION
THE
THE undersigned have received instructions to sell by Pubile
Auction
ON
Tuesday, the 22nd. January, 1935,
commencing at 11 am../
at Director's Quarter, Royal
Observatory, Kowloon
A Quantity of
VALUABLE HOUSEHOLD
FURNITURE
Terms: Cash on delivery
On view from Monday the 21st. January, 1985.
LAMMERT BROS.,
ctioneers
Hong Kong, 15th January, 1935.
A. K. MACKENZIE has this day taken over the Honorary Secretary- ship of this Club, at 07-
Hong Kong; 18th January, 1985.
HONG KONG CRICKET CLUB
TENNIS TOURNAMENT
ANTRY FORMS may be obtained at the Pavilion... ENTRIES
CLOSE on Thursday, 31st January. E
XEXEXEXXXX
gone
Everything BUT YOUR
SAVINGS
RENT
FOOD
CLOTHING
HEAT
TAXES
WATER
CHITS
SAVINGS
SAVE SOMETHING
START NOW UNDERWRITERS
SAVINGS BANK
FOR THE FAR EAST,
INC.
Asia Life Building
Honr Kons.
·Tel. 30234"
Job Painting
PEASONABET
PRICES
THE HUWSPAPER ENTERPRISH
S. E. Levy & Co.
UNDERWRITERS AND DISTRIBUTORS
SECURITIES AND COMMODITIES BOUGHT AND SOLD ON COMMISSION
DAILY NEW YORK STOCK AND COMMODITY SERVICE
74 15/82
4.89 5/16
188
Members;
$20.99
16.11
NEW YORK
OTTON EXCHANGE COMMODITY EXCHANGE, INC. CHICAGO BOARD OF TRADE CANADIAN COMMODITY EXCHANGE“ INC.
General
ITS FOR
WE
YOUK
VAICE
THON
HONG