BANKS
HONG KONG AND SHANGHAI
THE CHARTERED BANK OF BANKING CORPORATION. INDIA, AUSTRALIA & CHINA.
Anshorised Capital
Laswell and Filly Pald-up
Barra Funda i *-
Berling
Bliv
€0.000.000 $10,000,000
$50,000,000
30,000,000 Incorporated by Royal Charter, 1858.
READ OFFICE: LONDON
Beate Liebling of Fropriet20,000,000 Paid-up Capital.......
.£3,000,000 HEAD OFFICE, HONGKONG.
Reserve Fund..........................£3,000,000 Reserve Liability of Pro s
prietors
£8,000,000
BOARD OF DIRECTORS,
Hon, Mr. . . B. Mackia
Chairman.
XI. Dodwell, Kan. Deputy ChairtaS.
Hon Mr.JW. I. Bell,
at, Lemgion, Ex.
W. J. Keswick, K
1. G. Knight, Kaq.
AMOT MANGKUK BATAVIA ROMBAY VALGUTTA CANTON CUEFOO COLOMBO DAIDEN
FOOCHOW
HAIPHONG
KAMBUNG.
KANKOW
HARBIN
HONGXZW
ALOLLO
IPOK
JOHOR
TONE
TOWLOON
0. Mincio, Keg.
S. Morison, Esq
F. E. Here, Kag.
V. H. Urayburn, Legi
Chief Bisunger.
BRANCHES -
LONDON
LYONS
MALACCA
MANILA
MUAB (Johore).
MUKDEN
NEW YORK
PEIPINO
PENAKO
BANGOON
BALLON
BAN PANOLBOO
KUALA LUMPUR
BBANUHT
SINGAPORE LOUNABAYA
BUNGEI PATANI
TIENTHEN
TOKYO
THING JAQ YOKDIANA
• Current Acquale opened. In Loval Currency
and Fixed Deposita oid the one ganz or shari perfods in Locar Company and Steeling an terma which will be goosed application. Hong Kong, Wh April, 1094..
HONG KONG SAVINGS BANK.
The Business of the sborre Baus is conduct.
BUNG KONG AND SHAMU
BANKING CORPORATION. ustained on'application.
be
FOR THE HONG KONG AND ьHANGHAI JANKING CORPORATION
V. M. GRITBURN,
Chist Mucugar.
Hong Kong, Wh Pabruary, 1961,
THE BANK OF EAST ASIA, LTD.
$10,000,000.00 Alkorland Capital
4,5,600.0 Fild-op Capita Bessers and Undivided Fredly runnu 2,114,300,00
HEAD OFFICE:-KONG LONG
12, Du Your Bond Central,
BOARD OF DIRECTORA }~~
Bir B109-son Chow, Chairs
Koon Chru, Esq., P. E. Kwok, Ewa Wong
Isa Toor, E., Chen Ching Bil, Esqn Ld 141
BARS, Eng., Woor Chu Bao, Eg, and Ban Ying
BALEVID
El Tea Yong. Erg, Muziger.
BRANCHES AND AGENCIES:-
Alor Blar
| Kinzituar
Dangkok
Agencies and Branches:
Bangoon
Ipak
Balgon
Karachi
Samar
Klang.
•Houebay
Kobe
Calentia
Xanle
Выбе Shanghel Kingspor
Carlos
Lumpur
Cataporm
Auching
Billawen Boutabara
Catra
Madras
Teiplog
Calesale
Manila
Tientela
Delki
Kedan
Tongka
Balphong
New York
(Bhoker)
11ambure
Palplay
Taingian
Bankow
(Paring)
Tokobsma
Harbin
T
Zambonga
tion Loes
isanalad.
THE CHINA MAIL, FRIDAY, JANUARY 18, 1935
Commerce and
Finance
IMPROVEMENT SEEN ON WALL STREET
U.S. Treasury Allays Market Pessimism
RUBBER OUTLOOK BETTER
New York, To-day.' Steady improvement is expected on Wall Street. The Treasury's readiness to intervene, in the event of the Supreme Court's ad-
on the Gold ques-
tion, is allaying market pessimissm,
Rubber should be a shade bet-1 ¡ter.
Pored Kachnajs 223 Gamers! Banking busloverse decision Currest Account opened and Fixed Depom mcelved for, ona gear ze shorter, parfoća si makoc which will be quoted on application,
A BREARLEY. · Hanager. Hong Kong, 1st. January, 1985;
SAFETY FIRST !
To Safeguard Your Valuables and Jewelleries. Deposit them in a Vault that is really: FIRE-PROOF
BURGLAR-PROOF DAMP-PROOF !
The trend of Wheat will. prob- ably be uncertain.
Cotton is expected to be steady. It is reported that the Department of Agriculture will be announcing the Bankhead quota at 4 p.m. Greenwich meantime.
S. E. Levy And Company's Report In their market report, Messrs. S. E. Levy and Company, corres- pondents for Messra. White. Weld
OUR SAFE DEPOSIT VAULT and Company, New York, state:
"Stocks:-While present uncer-
located on the Mezzanine Floor of tainty was restricting activity, the Our New building is Specially Con-comparative stability of foreign structed to provide all of these Im-exchange has restored the calm. ¡portant Qualities.
You may obtain a Safe Deposit As long as this condition con- Box in this most up-to-date Vault for tinues, a further moderate re- your own use at a very moderate Recovery of prices seems probable. tal
Business done:-740,000 shares.
Inspection Cordially Invited. · THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street and
Des Voeux Road, Central,
"Bonds: U. S.. Government bonds were a shade better. Prices for high grade issues were better, but the tone of second grade and junior lasues was mixed.
"Grains: Consumer and specu- lative buying were reviving, while
THE BANK OF CANTON, LTD. a good decrease of the visible-sup-
.
Established 1912.
Head Office: Hong Kong,
ply was indicated. We would ac- Wheat: Total cumulate on dips, sales: 24,572,000 bushels; Corn': $11,000,000 Total sales-14,110,000 bushela.
8,355,000
"Cotton: Speculative buying 32,170,492
Branches: Canton, Toishan, Shanghel, and short-covering were expected Hankow, Bangkok & Ban Francisco. to advance distant positions fur-
London Bankers: Lloyds Bank Ltd, ther
"
Kan Too Po, Eng.. Chile! Manager.
Authorised Capital
Paid-up Capital
Total Resourcey
Melbour
Бегральце
Boba
Hagworki
Blaoghai
Belavita
Kw York
Singapore
Loa
Usala
Sourabaya
Badphong
Parix
Hinto
Piping
kydney
Bagolotu
Fersoz
Taiboku
Köpe
Badgood
Tituln Tokyo
Franciao
Kowloon London
VADOOWTH Yakokame
of Backup and · Pachanga, Every night burizam transacted. Los granted an approved! pouzitler.
Curent Artovala operać in Love! Ourrene La Fixed Deposits sited for one year of shorter periods in Local and Foreign Currencies
tring which will be quoted on application. Bals Depall me To Let
KAN TONG PO,
Chief Hanager. Bongo March, 1904,
THE BANK OF TAIWAN, LTD.
Head Office: Taihoku, FormosR, Incorporated in Japan by Special Imperial Charter, 1899. Central Bank of Formoss, Notes
Laaned Average amount Y:45,000,000| Branches and Agencias, *
Japan:-Kobe, Osaka, Tokyo, Yoko
ac-
Foreign Exchange and Banking "Rubber:Better sales of business of every discription - trans-1]
tual rubber and heavy consump- acted.
Current Accounts opened and Fixed tion prospects promise a hardening Deposita recored for une year or of the trend. Total sales:-862 shorter periods at rates, which will be quoted on application.
Safe Deposit Boxes; (various mixes) for hire
LOOK POONG SEIN,
Chlef Manager.
ТНВ AMERICAN EXPRESS COMPANY, INC.
Head Oflice-65, Broadway, New York
Capital Surplus
Reserves
ARTDIRIBILLY.
„U.S.$6,000,000.00,
2,087,112.69 1,995,828.31-
Prios mo Resetdi
BRANCHES:-
hama, Keelung. Makang, Shoka, Shinchiku, Taleba, Tainan, Taito, Takao, Tamsul, Toen, Karenko Kagi, Helto, Giran.
Nanto,
Antiert
Donos
lasgow
.Mitas
Nice
Albans
↑
Nupla
Havana
Piesa
Remse Herliu
Hamburg
Parle
Pripin
Bra
bag
Прухнала
Heidelberg Interlaken
foruralım
Caru
Loadca
Calcula
Canute Colombe Copenhagen T'ubila Edinburgh
Terce
Lugane Luxor Marseille Houle Carle ilenila
Tlentilu Tormica Vienna Tokoban
Stuntak
Zurich
Souterus
China:-Amoy, Canton, Foochow, Han-
kow, Shanghai, Swatow.. Others:Bombay, Hong Kong, London. New York, Singapore, Batavia, Bamarang, Soerabaya, Dairen. On and after April 20th, 1934, the rate of Interest on Special Current Deposit will be at 1%% p.n. on daily balance and the rate for balance over! $10,000 will be quoted on application. (Mazirdum ráte—134).
Y. OHNO,
Hong Kong Branch
Fina
Dan
Liverpool
He
Akh
Boston
lots.
The following telegrams were received by Messra S. E. Levy and Co. from Reuter:--
(Continued on Page 10)
LOCAL DOLLAR STEADY
Silver Prices Improve
The local dollar remains steady, opening on demand this morning at 1/9.
Spot and forward silver prices, however, advanced 1/16, being quoted at 24% and 24%, respec- tively.
The London on New York cross- rate was quoted at £-U.S.$4.87%,
Blapó as compared with US$4871
The New York on London rate was quoted unchanged át £-US/ $4.87%.
Manager.pany in Principal ckles of United THE CHINA & SOUTH SEA BANK,
3. Des Voeux Road, Central.
THE YOKOHAMA SPECIE BANK
LIMITED
Established 1830.
Capital (fully paid-up) Yen.100,000,000 Reserve Fund
Yeb.124,250.000
Read
* Branches
20:—TOKOHAMA
at:
“Alexandria
Batavia
Berlin
Bombay
Calcutta
Canton
Dairen (Dalny).
Osaks
Paris Feiping
Rangoon Fenstien (Mukden) Rio de Janeiro
San Francisco Seattle
Hamburg
Hankow
Harbin
HongKong Honolulu.. Halaking Karachi Kobe London
Semarang
Shanghal Singapore
Boerabaya
ydney
Low- Angalag
Telogiau Yingkow
Branches of American Express Com-
States of America and Canada.
All clames of Commercial Banking Fransactions undertaken. Ca
Personal Investment accounts handled.
artment
LIMITED
(Incorporated in China). Head Office... Shanghai. Capital
Reserve
Branches
$7,500,000.00 $1,300,000.00
All Important Cities In Chinagkuk The Company offers to intending Foreign Exchange and General Travellers the use of its Travelers Banking Business transacted. Cheques and Leiters of Credit and Current, and Saving Accounts opened j addition, the world-wide services and Fixed Deposits received for ma its thoroughly equipped Travel De-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 OfficeTel 33565 Foreign Exchange Dept., 33060 General Ofice
88567 Cashier's Office
W. DUGGAN
Manager.]:59
THE WING ON BANK, LTD. TONG CONG
Authorized Capital $10,000,000
Foreign Exchange and Bank Business of every, dmcripti^ transa Jed: 105,
Current Accounts opene Deposits received at speclat
Fixed Depositas received i or shorter period at rates |be, quoted; on applic
Safe
THE SHANGHAEO &SAVINGS BAN
38569
LOCAL SHARES.
TO-DAY'S QUOTATIONS,
The following is the list of local share quotations issued to-day:
35 Banks. H.K. Bank $1670 88. H.K. Bank (London) £1891⁄2 n Chartered Bank $15% n.: Mercantile Bank, A; & B, '482 n. Mercantile Bank C, £181⁄2 Bank of East Asia $90 n.. Am: G. Finance Corp., Sh.820 n China O. Fin. Ord, Sh. $1.80 n. China O. Fin, Pret Sh. $41⁄2 n. Insurances,
Canton Ins. $275 'n.' Union Ins. $495.
China Underwriters $1.20 b. China Fire Ins. $520, n. H.K. Fire, Ins. $280 n. International Assce. Sh. $5 n..
Shipping.
n.
Douglases, $40 n. II.K. Steamboats, $74. n. Indo Chinas (Prof.), $80 n. Indo-Chinas (Def), $85 m. Shells (Bearer) 60/- . Ualon Waterboats 18
Mining. Antomoks 94/94% 8. Balatoca $41 n Baguio Gold 87 cts. n. Benguet Consolidated $14 n Benguet Exploration 18 cte. Benguet Goldfield 10 cts. n. Big Wedge, 10 cts. n. Gold Creek 88% eta, n. Gold Rivers.$28 n. Ipo Mining $1°n. Ilogans 42 cta. n. Salacota 16 cts. n. Kailan 18/9 n.
Langkats (Single) Sh. #16 n. S'hal Exploration Sh. $5 n." S'hal Loans, Sh. $6 n. Raubs, $94 n. Venz; Goldfield #5 n. Docks, etc.
H.K. Wharves $111 b., 8111% II.K. Docks $113⁄41⁄2 nya. Providents" (old). $1.40. n.- Providents (new), 50 cts. n. Hongkews Sh. $809 m. New Engineerings, Bh.. $5. S'haf ks, Sh. $120 in.
hotton Mills, Ewo Cottons Sh. 18:00 u S'haf Cotton (old):874 n. S'hai Cottona (new) $44% n. Zoong Sings, Bh. $9.40 m. Wing On Textiles, Sh. $55
Lands, Hotels, etc. ILK. and S, Hotela $5 m. H.K. Lands $51 b
U.S. "CONTROL"
ENTERS FOREIGN
EXCHANGE MARKET.
Dollars Sold Through
Bank Of France
LOWERING OF DOLLAR-MAIN
CONSIDERATION
Paris, To-day.
DEADLY PYGMY SUBMARINE
New British Type On Trial
“CRASH DIVE” IN
30 SECONDS
H.MS. Shark, which ran her trials in the Channel last month, is Britain's latest "pocket submarine."
American "control entered the Completed at Chatham in October, this little vessel has, already shown foreign exchange market yesterday remarkable qualities of senworth:
mere She is barely 200 ft. in
NEW ADVERTISEMENTS
GRAND
FOOTBALL MATCH
IN AID OF CHARITY.
KOWLOON
SCHOOLS
HONG KONG
SCHOOLS:
on the KOWLOON FOOTBALL CLUB GROUND
on SATURDAY," January 19
Kick Of 2:15 PM.
the dollar, thereby and displaces 670 tons. Yet she ATLANTIC CROSSED
251 TIMES
Canadian Explorer's Record
and dollars were sold through the
Iness, quick diving, and deadlines Bank of France. The francs thus in attack. acquired were used to take gold. Compared with the big "Over"
sans" type of 1,500 tons which pre-|| earmarked from the same source.
The Bank of France has dis- ceded her, the Shark is a couraged prospective gold sellers,my which is interpreted as an action length, has a breadth of only 24 ft. to weaken
ean "taxi" over 2,000 miles on the tightening the Paris money mar ket.
surface, or, at full power, travel at As the rise was causing harm nearly 16 miles per hour, to French importers everything
Rapid Diving will be done to lower the dollar. For rapid diving this type is pre- Gold will be rushed to New bably unequalled by any other sub York if the Supreme Court nd-marine. It can perform a "crash journs, for the vacation before dive" in 30 sec., and once under SEA SERVICE OF 71 YEARS delivering judgment in the "gold water is extraordinarily simple and clause case, owing to the poast safe to handle.
Levie (Quebec). bility of being able to deliver In the bows are mounted six The famous Canadian explorer, gold in the meantime.
Reuter, tubes for discharging the powerful Captain Joseph Elzear Bernier, who
21in
torpedo, a salvo of which is 83, is lying gravely ill at hisa ⠀⠀ would probably disable any battle-home here. He is suffering from ship afloat. These deadly "fish"la paralytic stroke-Reuter. can be fired either singly or all to Captain Bernier was born and gether. The pressure of a button educated in Quebec. When in the control room will send all years old he went to sea and be eix torpedoes racing towards the came master of a brigantine at target at 45 knots.
the
of 17. age The long list of his maritime. achievements includes:
CANTON BUSINESS TAX TROUBLES
Foreign Firms Still Refuse Payment
NATIONAL GOVERNMENT TO BE PETITIONED
[From Our Own Correspondent]
:
Canton, To-day.
Anti-Aircraft Guns
#
On deck two small quick-firing guns are mounted for use against hostile aircraft or light surface patrols. The Shark is equipped with high-power radio, many safety devices, including an escape tube,
12
Two hundred and fifty-one crossings of the Atlantic;
Several tripa round the world; Nine Arethe tripa; and The annexation of several Arctic islands for the Canadian Government.
During the war and the follow-
As many foreign firms in Can-fa control tower divided into two ton have failed to comply with watertight sections, and submarine the repeated requests to pay the signalling apparatus. Her com business tax and have ignored plement is four officers and about ing year he made four more trips the notification to report the 30 ratings.:
to Baffin Ieland and Greenland. amount of their registered capital So far 11 of these powerful and Captain Bernier is a member of the and business done per annum, handy little aubmarines have been Quebec Board of Trade. the Provincial Department of laid down or authorised. They are sa. Finance has decided to petition intended chiefly for coast defence, the National Government to assist but would be quite capable of un in the enforcement of this tax. dertaking operations farther afield
The National Government will if necessary. They have the be asked to persuade the foreign additional advantage of being com consuls in Canton to consent to paratively cheap, costing about the payment of this tam by their 1250,000 each. nationals. Some time ago, the
Canton Municipal Government, at the instance. of the Provincial
MARRIAGES NOT ENCOURAGED Commandant's Order Promulgated
A circular letter from the Major General Commandant of the US
Government, informed the consa RAILWAY DISASTER Fourth Marine relative to the max-
lar body in Shameen that their nationals must pay the business tax: The, consuls referred this matter to their home governments, since when nothing more has been H.K. Land 4% Debentures 101% heard about this matter.
b. and sa
Shanghat Lands Sh. $24% n. Metropolitan Lands Sh. $12.20 Humphreys $91⁄2°¤«
H.K. Realties $5:10 m. Asia Realties "A", Sh. $100 Aula Realties "B" Sh.$20 n. Chinese Estates 888 n China Realties, Sh. $12 China Debentures Sh.$123 n.
Publle Uilities
H.K. Tramways $20.40 b. Peak Troms (old)" 610 6:- Peng Trams (new), 87 n. Star Ferries $98 b.
Yaumati Ferries $22 n.
C. Light $10.30. n°.
n.
n.
H.K. Electrica $70 b. $71 8 and
53,
Macao Electrics, $25 n. Sandakan Lights 8 n. Telephone (old) $25 b. Telephone (new) $115 m. China Buses Sh. $12.40 n. Singapore Tractions 6/ n. Singapore Pref. $17/8 n..
Bad Industrials Malabon Sugars, $8,70,B. Cald Macg. (Ord.), Sh. $20 Cald: Macg, (Prof.)" Sh819% Canton Ices $2.85 ..- Cements $1.90 BR. H.K. Ropes $3,80 n...
Stores, etc. Dairy Farms $241⁄4 0. Watsons 85 8.
Lane, Crawfords £8,75 n. Mackintoaks, $21 n. Slaceres 88 n.
Wm. Powell, 70 cis, n. Wing On (HK) $105 m..
Miscellaneous.
H.K. Amusements $1.85: Entertainments, $179.n/- 8,0. Enterprises $1.85 n. Macao Greyhounds" $2 Constructions #$1.85 0. Constru
Vibro Piling 36.60 n Ch Go
The Provincial Department of Finance considers that the busf
NEAR SUICHUNG
12 Soldiers Killed, 34 Injured
TRAIN JUMPS RAILS
་་
riage of enlisted personnel below the third pay grade is contained in the latest issue of the "Walla Walla, the Marines newsweekly, the letter is as follows: Head- quarters looks with dislavour..on · the marriage of man in the fourth, Afth, Birth, and seventh
Pay
Dess tax is fair and reasonable AMMUNITION EXPLODES WHEN grades. and that foreign countries are also
No special privilege due to the imposing this levy on foreign mer-
fact of marriage will be granted chants, and that therefore the
such men. Manifestly they do not Twelve Japanese soldiers were receive suficient compensation to Kwangtung Government is justi instantly killed and 34 others fied in collecting a business tax seriously injured as a troop train from foreign firms here. se
provide support for families,
Proper administration and die.
troops, and no provision is made at posts for the families of auch as are married:"
speeding eastward from Shanhai It is said that several foreign kwan to Suichung jumped the rat cipline require that they live with firms in the city have agreed to and overturned near the Suichung pay the tax; but the firms in ques station, about 35 miles, from Shan- tion are really Chinese-owned and haiwan, on the morning of Decem merely managed by foreigners.ber 29, according to belated reports
recolved in fientsin.
EXCHANGE TRADING The accident, the reports state, 5 It Insured?
IN CANADA
Restriction To Prevent
Price Exploitation
was caused by the carelessness of aawitchman, who, by mistake, opened the wrong stitch, "thua
s
· Insurance --- All. Glaser IN LOWEST RATEJ erican Asiatic Underwriters
Fed. Ine, U.S.As General Agents
causing the wreck of the train.
As boxes of ammunition were on board the train, the sudden folt What form of restriction in trad sulted in serious injuries to two Head Office
ing caused an explosion which re ing on the exchange, will be adopted
Shanghai
by the Canadian government is still pedestrians and three staff mem-
17, The Band uncertain. The government's deter-era of the railway station. Realis mination to prevent exploitation of to his heels and is still at larg
ing his mistake the switchman took
however, has already been shewn by prices by international speculators the "pegging" of wheat prices on the exchange-Reuter,
RAW RUBBER PRICES
Latest Quotations From Singapore
Mesar II. B. Joseph & Co. have
lowing Straits Cur (Buyers)" from
MEMBERS
S. E. Lew & Co.
ICE HOUSE STREET.
"INVESTMENT BANKERS & BROKERS
NEW YORK COTTON
COMMODITY EXCI
CHICAGO BOARD OF. ADRĀ
CANADIAN COMMODITY EXCHANGE, ING
2
HK. Office Asia Life: Building
Tel. 20234
Harpers