BANKS
HONG KONG AND. SHANGHAI BANKING CORPORATION
Silver.. Reserve Liability of Pro-
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1858.
HEAD OFFICE: LONDON
Paid-up Capital
"
Authorised Capital
Issued and Fully Paid-up.
$50,000,000 20,000,000
Reserve Fanda:---
Sterling
£6,500,000
$10,000,000
Reserve Fund
pribtors
20,000,000
$8,000,000 .....$3,000,000 Reserve Liability of Pro-
BEAT OFFICE: HONGKONG. BOARD OF DIRECTORS.
prietors
.£8,000,000
Agencies and... Branches:
Alor Bler
Italia
Ranroot
Amrdless
Ipak
Balyon
Hongkok
Keneal
Racuarang
Flainvie
Kloos
Bombay
Kobe
Shanghai
Kuala
Kingapore
A. II. Compton Esq...
_Lumpar
Hon. Mr. J. J. Paterson, Hon. Mr. C. G. S. Mackie,
Kuching
Madres
Colombe
Manila
Medan
Haiphong
Naw Tork,
Hamborg
Pelping
Tanbow
Q. C. Kuigi Buqi
8. H. Ibasil, XML,
Obalnnan.
Deputy Chairman,
W. H. Bell, Esq. K. S. Morrison Esq., Celestia
G. Miskin Esq., T. E. Pearce Esq.,
J. M. Ombura, hog, con
AMOT
BATAVIA
BOMBAY PALCUTTA
CLNTOR CHRFOO COLOMBO DAIKEN
DOCHOW PIPHONG
BAMBURG
HANKOW HARDIN HORGIEW
KLOTRA
01
JOTORI
KOBE
MUWLOON
Chief Manager:
BRANCHES
KUALA LUMPUR
· LONDON
LYONE
MALACCA
MANILA
MUAR Lobore)
BUXDEN
NEW YORKA
PEIFING
PENANG
RANGOON
SAIGON
BAN FRANCI800
SHANGHAI
SINGAPORE
HOURABAYA
RUNDE PATANI
TIRKTSIN
TOKYO
TRINGTAO
TOKOHAMA
Current Associate opened in Imsal Casey and Fited Deposite remired for von year or Santer paripés in Local Company sad the
M
ma blok li ha quoted on oppilaila.
Hong Kong, 25th February, 1935.
HONG KONG SAVINGS BANK.
The Gardens af the above Bank is condens
be the BONG KONG AND HANDWAL CANKING CORPORATION. Malas may be salad on appileation BANKING CORPORATION
THE HONG KONG-AND-BHANGHAI
V. V. GRAYBURN,
Hong Kong, 26th February, 1935.
THE BANK OF EAST ASIA, LTD.
Miheland Ospital
Vald-by Capital
#50,000,000,00 4,494.600.00
Boveers and Undirik-1 Predla$2,45), 180.80
READ OFFICE:-TIONG XONG
IS. Den Vau Hood Central,
NOYARD OF DIRECTORS 1-1/
Rir houson Chow, Chairma
' Jess Ob
Fag, F. 5. Kwak, Eng. Take Yus Tong, Fas Chan Obing Shak, Log, få T Sang, Zoj., Wong Cho flon, Yag," and "Kas Ylag)
Balerin
Boubey
Ten Top Fo, Pis.. Clis! Masager.
Culoatin Balphons
Emoluis'
Kewiosn
The Fous. Een, Manager.
BRANCHES AND AGENCIES
Manila Melleme Kagekl
New York Osaka Parb
Palping
Penang
Kango
Halos
Ban Frases
Dhanghaf Singapore
SVÉDET Talbeka Tovidin
Tokra
Tchabame
Bray description of Banking and Exchange binasi transced. Lena gl' as approved
droounta oppidid In Tool Carre
10.
Gre
and Fixed Deposlis resical form
for serioka in Locul and Foreign Currymelas!
no forme which will be quoted on application.
Safe Depot Daxes To Let.
KAN TONG PO.
Chind Manspw.
THE BANK OF TAIWAN, LTD. Head Offices-Talhoku, Forms, Incorporated in Japan by Special Imperial Charter, 1899, Central Bank of. Fermosa, Notes
Issued Average amount Y,45,000,000
Branches and Agencies, Tapan:-Kobe, Onika, Tokyo, Yoko- hana, Keelung, Makong, Nanto, Shoka, Shinchiku, Taichu, Tainan, Taito, Takao, Tamsul, Toet, Karenko Kagl, Heito, Giran.
Forbin
Bong Long
Tintag
Bourabaya Talpin Tiążkalu Tongkah
Zamboanga
Försige Breinage and Gewers! Banking badass Currant, àsovunia terenad (and - Fixed Deposits received for ana year or shorter perioda så 'ryter) which will be qualad on application,
A BREARLET.
Manager. Hong Kong, Int. January, 1935,
THE BANK OF CANTON, LTD.
Established 1912.
THE CHINA MAIL, THURSDAY, MARCH 14, 1935
Commerce and
Finance
LOCAL DOLLAR ADVANCES
Silver Prices Improve
The local dollar has advanced . opening on demand this morning at [2/-
Silver, both spot and forward, also advanced , being quoted at 27 6/16 and 27 7/16, respectively,
The London on New York cross- rate was quoted at £-U.S.$4.74% as compared with -U.S.$4.74, while the New York on London rate was quoted at -U.8.$4.74, s compared with &-U.S.$4.74.
New York Stock Exchange will be' found on page 11.
CHARTERED BANK DIVIDEND
· Head Office:-Hour Kong, '
Authorized Capital
$11,000,000 The following telegram was re- Fald-up Capital ...
8,855,000ceived by the Chartered Bank of Total Resources ****** 22,170,491 Branches: Canton, Toishan, Shanghai, India, Australia and China to-day Hankow, Bangkok &. San Franclace, from their Head Offee in London: London Bankers: Lloyds Bank, Ltd. At the annual meeting of share- Foreign Exchange and Banking holders Directors will recommend business of every discription
trans-
la Final Dividend at the rate of 14 acted.
Current Accounts opened and Fixed per cent. per annum, subject to Deposita received for one year or Income Tax, shorter periode at rates which will be £25,000 added' to Pension Fund.
£50,000 set aside to meet contin- quoted on application.
Safe Deposit Boxes (various mimas)
xencies.
for hire
* LOOK- POONG SHAN,
-Chlef Manager.
SAFETY FIRST I
To Bafeguard, Your Valuables and Jewelleries. Deposit them in a Vault that is, really: FIRE-PROOF
· BURGLAR - PROOF DAMP - PROOF" !
OUR SAFE DEPOSIT VAULT" Joasted
£177,394.11 Id. carried forward:
| RUBBER REPORT
Depressed Market. Due To Outside Influences
IMPROVEMENT FORESEEN
In reviewing the rubber market for the past week It will be found on the Mezzanine Floor of Our New building is Specially Con-that we have had a very depressed stracted to provide all of these Im market and prices have sagged on portant Qualities,
lack of buying power report Messrs. You may obtain Safe Deposit H. B. Joseph and Co., local stock and Box in this most up-to-date Vault for your own ass at a very moderate Ras share brokers.
Inspection Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Lea House Street and
Des Voeux Road, Central. ›
THE
No change in the restriction quota for April-June was disappointing; but whether a 80 per cent. cut would! have put the market up we are very doubtful. There have been and still are, too many outside Influences of an unsettling nature.
The actual position of rubber. is, however, good, and we look for real AMERICAN EXPRESS COMPANY, signs that restriction is beginning
INC.
Head Office: 65, Broadway, New York
.U.8.$8,000,000.00
1,995,528.31
to have effect towards the end of this month. We do not look for any audden Improvement in prices but a gradual one to say 23 cents for Spot.
2,087112.69 RAW RUBBER PRICES
Capital Surplas Remrves
BRANCHF8:-
Amelerde
Athena Avia
The 15% · Havana
HOAL
Berlio
Have
Babay
Kildelburg
*
Broman
Interlaken
Brusse
China: Amoy, Canton, Foochow, Han-
kow, Shanghal, Swatow. Others: Bombay, Hong Kong, London, New York, Singapore, Batavia, Samarang, Sourabaya, Dairen, On and after April 20th, 1984, the| rate of Interest on Special Current Deposit will be at 1% p.a. on daily balence and the rate for balance over $10,000 will be quoted on appikation | (Maximum rata...114).
Y. OHNG,
Hong Kong Branch
Catro Calestia CRDDA
Colomb Copenhagen Tebils Edinburgh Floral Перета
Zuzanalımı Londer
Liverpool
·· Doverna
Inase
Grace
Marvellion
Mike Darle
Minila
Menich
More
Witam Won
Pirmase
Petplay
Rotterdam
Branches of American Express 'Com-
Latest Quotations From Singapore
Messrs. H. B: Joseph and Com pany have received the following Straits currency quotations from Singapore for Raw Rubber.
· Spot 20 1/8 Up 5/8. April-June 21 1/4 Up -5/8 July-June 22 5/8 Up 3/4 Market:-Firm.
Dany in Principal cities of United THE CHINA & SOUTH SEA BANE, Manager.Etates of America and Canada.
3. Des Voeux Road, Central.
All classes of Commercial Banking Aransactions undertaken. --
Personal Investment accounta
THE YOKOHAMA SPECIE BANK handled.
LIMITED.
Established 1880
LIMITED
Incorporated in China) Head Offemanghat Capital
Reserve
Branches
$7,500,000.00 $1,500,000.00 All Important Cities in Chian Farsign - Exchange and The Company offers to intending Banking Business transacted."
General
Carrent and Saving Accounts opened
Travellers the use of its" "Travelers
Cheques" and Letters of Credit and,
Japital (fully paid-up) Yen.100,000,000 in addition, the world-wide services and Fixed Deposits received for cus Yen,125,800,000 its thoroughly equipped Travel Dew year or shorter periods at rates which
Reserve Fund man
Head Offres-YOKOHAMA
Branches and Agencies at:
Alexandria
Batavia
Berlia
Bombay
Calcutta
Canton
Nagasaki
Nagoy
New York Osaka Paris Pelping Dairen (Dalny) | Rangoon
(Mukian) Rio Le Janeiro
San Francisco Seattle
Barang
Hankow
Harbin
Hong Honolulu Holoking
Konr
Віпдароге Boerabaya Sydney
Karachi
Kobe
London
Los Angulos Manila
(Interact a ellowed on Ozrast
Decusi race fee
partment.
E. W. DUGGAN,
Manager,
will be quoted on application.
BOD Z CHANG
HONG KONG BRANCH: 24, Dea Voeux Road, Central, Manager's Offes (257-28, 38545. Foreign. Exchange Dept. 13660 General Onice / L 38507 Cashier's Office
THE WING ON BANK, LTD. TONG KONG
THE SHANGHAI COL
Authorised Capital $10,000,000/m
33569
Foreign Exchange and Banking | |--& SAVINGS BANK LIMITED.
Basiness
Current Accounts opened, Special Deposits received at special, ratas, "and" Fixed Deposita received for one your or shorter period at rates which wil be quoted on appikation, plago
Hafe Deposit Boxes (various sizes) An- for, hire,
of avery description transact
PRO PHILIP GOCKCHIN perioda y Chlot. Manager Hoation GOOKCHING
||Aäxlstazit:Manager.
Hong Kong11th March, 1985,
(Incorporated in Chiss) Capital paid up Reseryes Capital
Industrial
"and the for
BEU TONG
LOCAL SHARES.
TO-DAY'S QUOTATIONS
The following is the list of local share quotations, issued to-day:
Banks.
H.K. Bank $1820s. H.K. Bank (London) 3130 H Chartered Bank $15% n. Mercantile Bank A. & B. $31. Mercantile Bank” 0, £181⁄2 ́n. Bank of East Asia $85% n. 4 Am: 0. Finance Corp., Sh.$20 n: Chlua O: Fin. Ord., Sh. $1.80 m, China O. Fin. Pref Sh. $41⁄2 n.
Insurances.
Canton Inc. $260. Union Ine $415 n China Underwriters- 311⁄2 -n. China Fize Ins. $490 m.. H.K. Fire Ina. $220 n. International Assos. Sh. $5
Shipping.`
Douglases $391⁄2 ¤.. H.K. Steamboats, $7% 1. Indo-China (Pref.); $30 m. Indo-Chinas (Def.). 885 in. Shells (Bearer) $47/6 n. Union Waterboata $121⁄2 n.
Mining.
Antamoks.83.cts. B. Balatoes $43 n. Baguio Gold 39 cts. 'n. Benguet Consolidated $14 n, Benguet Exploration 15 ets, n, Benguet Göldföld ̄10 cts, n, Big Wedge, 10 otsim.......... Gold Creek 98% êts. n. Gold Rivers 18 cts, sa, Ipo Mining $11⁄4 n. Itogans 42 cts. n.
Salacots 16 cts. n.
Kallad (Single) Sh. 16/6 n.
· Langkats (Single) 8h. $18∙ní S'hai Exploration Sh. $ n. S'hai Loans, Sh. $6 m. Rauba $5 b.. Venz; Goldfeld să n.
Docks, etc.
HK. Wharves $1011⁄2 n. Cum rts. H.K. Dock $9 n. Providents (old), £1.20 ț, Providents (new) 20.cts. n. Hongkews, Bh. $309 m. New Engineering Sh. $5 s.. S'hai Docks, Sh. $120 n.:
Cotton Milla
Ewo Cottons Sh..$8.70 s. S'hai Cotton. (old) #74 n. S'hai Cottons (new) $45 n. Zoong Sings Sh. $9.80 h. Wing On Textiles, Sh. 355 n H.K. Wharves rights $20 n. H.K. Wharves ex. rights $99 n. Lands, Hotels, etc. HK. and S. Hotels $4.70 a
38.
NEW YORK STOCK MARKET
No Justification For Signs Of Stability
JULY COTTON OPTIONS OFFER POSSIBILITIES
Weekly electricity production totalled 1,724,000,000 k.w. hours, an
NEW ADVERTISEMENTS
increase of 4.7 per cent, as compared HONG KONG REALTY AND with last year. T
Eatest Quotations
The following quotations have been received by Reuter
N.Y./London
cross-rate
TRUST CO., LTD.
(Incorporated under the Companies Ordinances of Hong Kong)
Prev To-day N
close
11.09
4.7444.743%
11.32 11.08
In their market report. Monsta. S. E. Levy and Company, corres- pondents for Messrs. White Weld and Company New York state: N.Y. Cotton-July
"Stocks After early selling the NY. Rubber July 11.71
Chicago
93 Wheat-May 0314 market showed signs of stability: Chicago Corn-May 794 Though there was little in the im- Montreal Silver-May 69.35
58% mediate news to justify this, an in- Silver Official
Dow Jones Averages termediate rally could develop at
To-day's March 12 close Change 36.up 29 up 15 off
this general level, almost at any Time. Therefore, we would buy on 30 Industriais 96.60 98.02 any renewed weakness rather than 20 Rails 27.31 27.60 sell here. Business done:-1,080,-20 Utilities 15.08 14.88 40. Bonds 94.99 84.62 000 shares,
11 Commodity.
Index
"Grains: It is reported that dry
55.49 65.01 the Bonth 10 Leading Blocks weather continues in west. The liquidating pressure on Amer Smelting
Auburn wheat is about spent, and the pur. T. Cane chase of new crop wheat is becoming Elec Bond & Share more attractive on further breaks. General Motors The crop scare period is near. at Int Tel & Tel band. Total sales: Wheat: 16,-Montgomery Ward
Nat Distillers, k 281,000 bushels, Corn: 9,093,000 N.Y. Central
bushels.
"Cotton: We believe that the pur-j chases of July option at around
NO
40.00 "58%
37 off
42
up
TOTICE IS HEREBY GIVEN that the Ordinary Yearly Meeting of Shareholders of Hong, Kong Realty and Trust Company, Limited, will be held at the Regis- tered Office of the Company, Ex- change Building (2nd Floor), Des Voeux Road Central, Hong Kong, on WEDNESDAY, the 17th April, 1985, at 12 Noon, for the purpose of re- ceiving a Statement of Accounts and the Report of the Board of Direc tors for the year ended on the 81st December, 1984, and re-electing. two Directors and the Auditore
The TRANSFER BOOKS of the
33 Company will be CLOSED from 17 THURSDAY, the 4th April, 1935, to 49%
2216
20
12% 294
U.S. Steel
Business Done:--1,080,000 shares.
eleven cents should offer good pos- COMMODITY PRICES
aibilities trading profits, consider-
ing the small certificated stocks and
The following quotations have
the Government loan price based on been received by Reuter/ Low Middling.
New York, to-day,
"Rubber: There were only limited New York Cotton:- offerings of Actuals. Dealera wero
fair buyers of Futures. Total March sales:-660 lots.
L
Mar. 12. Mar. 13.
11.05- 11.28
WEDNESDAY, 17th April, 1935, both days' inclusive,
By Order of the Board, E. C. BARRY,
Hong Kong, 18th March, 1985,
HONG KONG VOLUNTEER DEFENCE CORPS.
NOTICE
11.00 11.21RING from the Battery as PAK SHA WAN will take place on SUNDAY, 17th March, 1985 from 10.00 A.M. to 11.15 AM. in the direction of Junk Bay.
May
"Sugar: The Actual market held July well on a small setback,, while Fu-October
11.09.
.11.82
10,76
11.02
tures are in a healthy condition. December
·AN
10.78
11.04
We believe the statistical position|January (1936) .... warranta better prices: Total Spor.... males:-Old: 4,000 tons, New: 6,000 New York Rubber:— tons.
10.85
11.12.
11.25..
11.45
craft are advised to keep clear of Junk Bay during this period.
March
11.55
11.78
"Flashes: Average daily petrs- May leum production for the week ended July March 9 was estimated at 2,526,000 September barrels. Weekly electricity produc-¡October: tion totalled 1,724,000,000 k.w. hours, December
11.57
11.88
11.71
11.99
11.68- 12.13
11.94 12.20b
12.09 12.41
E. A. Pierce And Co's Report In their market report. American. Oriental Finance Cor-Chicago Comm:- poration, correspondenta
May July
931⁄4 9334
gone..
884
89%
the September
883/
89%
SAVINGS
for May....
791/
80
Messrs. E A. Pierce and Company July
76%
75%
of New York state:--
September
78
782
Stocks: The pressure of liquida-Winnipeg Wheat:- tion has subsided, and that is about May all that can be said for to-day's July market.
RENT
88%
88
88%
8844
New York Bugar:---
Old New Old New
2.06 2.05 2.02 2,02
an increase of 4.7 per cent, as com-Chicago Wheat:- pared with last year."-Reuter.
"Grains: Wheat and corn followed. other markets. Easy conditions March prevailed early on, but later the May
markets were firm on firm Liver-July pool advices and on reports of the September. occurrence on dust storms.
There December
$4.60
was a better tone in evidence. The New York Silk:- [basis of cash, corn, was one
cent March higher, while country offerings and May. Debentures arrivals were light...
H.K. Land, $40 b. and sa, H.K. Land 4%
* 102% n.
Everything BUT YOUR
2.11 2.09 207 2.08 2:15 2.15 2.12 2.13
FOOD
CLOTHING
HEAT
TAXES
2:20 2.20 2.17.2.18
2.25 2.25 2.24 2.23
1.28- 1.27 1.29
1.291⁄2
WATER
July
1.2844
1.28
"Cotton There was a good demand Montreal Silver: during the latter half of the day, March
·CHITS
59.00..
59.50
59.35 60.08
on
Europe and Selling has evidently run its course. September
short-covering. July
60,00
60.50
€1.05
60.90
SAVINGS
We think it is better to buy than to
b-bid
sell now...
Metropolitan Lands Sh. $12.20 n. including that from the Trade, May
Shanghai Lands Sh. $22 n..
Humphreys 19 n.
H.H. Realties $5.10.n.
Asia, Realtica "A", Sh. $100 m. Asia Realties B 8h. $15 n, Chinese Estates $98 n. China Realties Sh. $9,60 m... China Debentures Sh.$128 n.
Public Utilities
H.K. Tramwaya $18 b. : Peak Trams (old) 89% n. Peak Trams (new), $8 n. Star Ferries $89 m. Yaumati Ferries $22 n.
C. Lights $10.05 b... H.K. Elèctrics $66 b, ex div. Macao Electrics $25*m.. Sandakan Light $8-n. Telephone (old) $28.80 b. Telephone (new), #10-bi China Bases Sh. $12.40 m... Bingapore Traction '30/8 n. Singapore Pref.:20/6 në;
Industrials Malabon Sugar $8% 0. Cald: Mack (Ord.), Sh. #16 n. Cald: Macg(Pref.), Sh, $16 n. Canton Ices $2% IL 19 Cements converted $7.60.z. H.K. Ropas $8.65 m)
Stores, etc. Dairy Farms $211⁄2 8 Watsons $3 nes d Lane, Crawfords $8.75 n. Mackintoshs, $21 n. Bincares 38 n. Wan. Fowells, 70 ctx. ni Wing On (HK) $105, n.
Miscellaneousga H.K.Amusements' $1.85 n. Entertainments, m B.C. Enterprisea $1.85 m. Macso Greyhounds, $2 n. Constructions (old) $1,70 m. Construction (new) 50 cta. n. Vibro Filing #54 24 Ch. Govt (8% 1925 GBBda
H.K. Govt 4% Loan, 64
H.K. Goyt
Rubber: The market was fairly HONG KONG REALTY AND TRUST active and steady, Dealers were
Commission
COMPANY LTD.
good, buyera, while house selling has dried up. The The Proft for the year ended early volume of trading has de- December 31, 184, including
creased. The outside markets were
$32,568.65 brought forward · from steady, while there was a good de- the previous year's account, amount- mand for Spot.
ed to $72,810,92. At the forthcom "Sugar: The Futures market was ing Ordinary Yearly Meeting of somewhat easier. The Spot price Shareholders, to be held at noon has declined to three cents on the
sale of prompt Cuban sugar, with Wednesday, April 17, the Directors will recommend paying buyers over that price. The price a dividend of 25 cents per share, of Refined sugar remained changed.Reuter,
| absorbing #50,000.00, and carrying| forward #22,810.92 to next so
Messrs. E. A Pierce & Company's count. report on the opening of the mar [keta: "
The opening of Wall Street to-day was even and active, with the trend slightly higher.
On the cotton market Liverpool and the Continent were buying Selling was limited to belated liquidation by longs. The tone of the market is steady on the advance. Flashes Average daily petroleum production for the week ended March 9 was estimated at 2,528,000
Is It Insured? ?
Tamurance All Classes LOWEST STES.
American Asistic: Underwri Fed Ina, USA, A
Gmore @Agenta
Hood
SAVE SOMETHING
START NOW UNDERWRITERS SAVINGS BANK
FOR THE FAR EAST,
· INC.
Asia Life Building.
Hong Kong
Tal, 30234
S. E. Levy & Co.
ICH HOUIN (TRINT.
INVESTMENT-BANKERS '& BROKERS
NEW YORK COTTON EXCHANGE
COMMODITY EXCHANGE, ING, NY,
CETIOAGO ‘BOARD OF magla
CANADIAN = COMMODITY, EXCHANOL, INCL:
ILD &-007/ NEW-YORK,