BANKS
HONG KONG AND SHANGHAI
BANKING CORPORATION .
Authorised Capital ....... $50,000,000 Insured and Fully Paid-up . 20,000,000 Reserve Funds:
Sterling..... £6,500,000 Silver. $10,000,000 Reserve Llability of Pro-
prietors
HEAD OFFICE, HONGKONO.. BOARD OF DIRECTORA.......
2, 1. Dodwell, Esq.
Chairisan,
C. C. Knight Kg.
Deputy Chairman.
THE CHARTERED · BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1858.
الاماردار
Agencies and Branchesz
HEAD OFFICE: LONDON"
Paid-up Capital Reserve Fund
20,000,000
Leserve Liability of
Pro-
pristora
£8,000,000 #3,000,000 .£3,000,000
Aloe Blat
floča
Amritese
-Ipola
Fangoes Baigon
Kameki
Hataria Bombay
Batte
Kobe
Shanghai
Kuala
Sinisowe
A. H. Compton Esq...
Cate
Lamper
SAWO PORN
Kuching-
Madra
Taiping
Colorabe Delhi
Manlia
Tieduča
Moden
Tonka
G. Miskin Esq.,
T. E. Pearce Esq.,
Naw, York
(Fauker)
F. M. Desyburn, Lag
Hamburg Hankow
Peiping
Telartwo
(Peking)
Jakobamse
Chiat Musage.
starbl
TORGE
Zamboang
Hoa Lon
**
** BHANGA BE
KUALA LUMPUR LONDON
W. H. Bell, Esq. K. S. Morrison Esq.
Hon. Mr. J. J. Paterson,b
Hon. Mr. G. G. S. Mackle,
AMON
BANGKOK BATAVIA BOMBAY CALOUTTA
DANTON CRRFOO COLOMBO
DAIREN
700CBOW
HAIPHONG
HAMBUR
ZANKOW
HARBIN
WONDREW
ENDEL
JOOBE
IWLOON
LYONS
MABACCA
MANILA
MUAB Johor)
MUIDEN
PEITING
NEW YORK
РЕНАКО
BANDON
BAIGON
SAN FRANCI800
HUANGHAL
SINGAPORE
AUNDE FATANI
MOURABAYA
TIENTBIN
TURTO
THINGTAO
'YOKOHAMA
Cura Apcounts opens in Lonel, Currency Fixed Depot red for one year of Be periods in Local Company and Darling
esme whink will be gumed on splinaloo.
Hong Kong, 25th February, 1935.
HONG KONG SAVINGS BANK.
The Business of she shove Back in soodust HONG KONG AND GUANGHAI ASKING CORPORATION. Hulse may be hled so application
FOR THE HONG KONG AND SHANGHAI
KING CORPORATION
'V. M. GRAYBURN,
Chlef MansET,
Hong Kong, 25th February, 1935.
THE BANK OF EAST ASIA, LTD.
Authorized Capital
Paid-up Caplik
.....$10,000,000.00
Mears and Undivided. Prodie #2,464 500,00
HEAD OFFICE:~HONG KONG
13. Das Vous Road Central
BOARD OF DIRECTORS;—
Air Showiana Chow, Chairman,
ta Iron Chur, Faq P. E. Krok, Esq. Wong Tax Tone F Chan Ching Rhah. Esq., Li Jan Hans Zeq., Wong Chu Roo, Rag. and Kan Ting
· Ras_Toux Po. 194. Chief Manager.
In The Fang, Pửa Mucugor.
BRANOITES AND AGENCIE
Manila Helian Nap
Materia
Bombay Belwitte
New York- Sheaha
Paris
Hantow Bel
Kawion
Pensag
Rangoon
Baigon
Ban Frasco
Bentle
Berg
·Bundykal Kingspor boursley Bestow bydooy Talbeke Tontzia
Tokre
YLEDONTIC
Jokohame
Every spli
securities,
Current Arvonnte spened In Toral
Fixed Deposlis lead for the year or shorter periods in 1.onal and Foreign Currancilar bloema which will be quoted on "application. "Kale Depods Boys To Las,
KAN TONG: 70;
Chist Manage.
of Bauling and Exchang Ioana granted en approved
Currens
THE BANK OF TAIWAN, LTD.
Head Office: Tulkoku, Formonn, Incorporated in Japan by Special Imperial Charter, 1899.
Central Bank of Formosa, Notes
issued Average amount Y.45,000,000}
hama, Keelung Taichu, Tainan, Shaks, Shinchi, Toen, Karenko. Taito, Takao,
Kagi, Heito, Giran
Bourabaya
Foreign Meshings and Dessel Basking boss
THE CHINA MAIL, FRIDAY, MARCH 15, 1935
Commerce and Finance
LOCAL DOLLAR DECLINES
Spot Silver Improves
The local dollar' has declined opening on demand this morning at 1/11-
Spot Silver, advanced 1/16, be ing quoted at 27%, while forward silver remained steady at 27 7/16.
The London on New York cross- rate was quoted at £U.S.$4.75%, A compared with -U9.44.74% while the New York on London rate "Current donousta opened and Fixed Deposits coosivad for one year or shorter periods a was quoted at £-U.S.34.76% which will be quoted on application,
A. BREARLEY.compared with U.S.$4.74.
Manager.
(trannejad.
Hong Kong, 1st. January, 1936.
THE BANK OF CANTON, LTD.
Established 1912.
Head Offer!-Hong Kong:
Authorised Capital Paid-up Capital Total Resources
*
28
HONG KONG FIRE INSURANCE CO., LTD. DIVIDEND
We are officially informed that the General Managers and Consulting Committee of The Hong Kong Fire $11,000,000 Insurance Co., Ltd., will recommend 8,855,000 at the forthcoming Meeting of 82,170,492 Branches: Canton, Tolahan, Shanghat, Shareholders to be held on March 29, Hankow, Bangkok & San Francisco. the payment on account of the year London Bankers: Lloyds Bank, Ltd., 1933 of a Dividend of $10 together
Foreign Exchange and Bandar with a Bonus of $1 per share ab business of every discription trans-sorbing $440,000; to pass $100,000 acted
Current Accounts opened and Fixed to credit of Silver Reserve, and Deposits recal red for one year or $87;223.73 to credit of Reinsurance shorter periods at rates which will be Fund; carrying forward $628,214.01. quoted or application.
Safe Deposit Boxes (various sizes) in respect of the year 1994,
for hire.
LOOK POONG SHÁN,
Chief Manager RAW RUBBER PRICES
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 Flocz of Our New building is Specially Con- jstructed to provide all of thaas Im- Iportant Qualities.
You may obtain a Bafo Deposit
Latest Quotations From Singapore
Messrs. H. B. Joseph and Com- pany have received the following Straits currency quotations from Singapore for Raw Rubber.
Spot 19% down
April-June 20% down %. July-September 21% down 1 cts. Market: Easier..
Box in this most up-to-date Vault for LINER STRIKES BIG
your own use at a very moderate Ben- Ital
Inspection Cordially Invited.
THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Btreet and Des Voeux Road, Central
"
WHALE
Mariposa's Adventure On Recent Voyage
The liner Mariposa, on a voy- age from Auckland to Sydney, struck a whale with such force that the vessel had to travel as- AMERICAN EXPRESS COMPANY, tern for two. lengths before it
THE
INC.
Head Offee:---65, Broadway, New York
Capital ...
Surplus Rearves
.U.S.$6,000,000.00 2,087.112.69 1,995,528.81
was free.
The ship was doing 20 knots when the collision took place. The whale was about 50 ft. long.
THE CHINA & SOUTH SEA BANK,
INNITED
(Incorporated in China) Head Office.Shanghai
BRANCHES:-
Branches and Agencies,
Japan:---Kobe, Osaka, Tokyo, Yoko
Ameiersam Antwor
depos
Makong Nanto,
Alheza
j'entre
Ginagaw The lingu
Vilaa Nice
Barko
Havana Hamburg HATER Heidelberg
Naples Pira Faria Fotpla...
Capital
Interlaken Jerusalem London Liverpool
Bellardan Bama Shorbal
Reserve
Branches
Lorde Lagana fuzor Marouiller
Monte Carl Matila
Tieplein Taormina Vianze Venter Zokchuss Eurleb
China:Amoy Canton, Peochow, Han-
kow, Shanghai, Swatow, Other:-Bombay, Hong Kong, London,
Now
Singapore, Batavia, Samarang. Soorabaya, Dairen.
On and after April 20th, 1884, the rate of Interest on Special Current Deposit will be at 1%% p.a. on daily baience and the rate for balance over $10.000 will be quoted on application,
Maximum rate-14).
.T. OHNO,
Manager.
Hong Kong Branch
8. Des Voeux Road, Central.
Bombay Dr. Brussels Cairo
Calouthe CADDE Colombe Copenhagen Jubila Zdinburgh Morence
Munich
Headrest
Rofaice
Branches of American Express Com- pany in Principal cition of United Etates of America and Canada.
All classes of Commercial Banking ransactions undertaken.
Personal Investment accounta
THE YOKOHAMA SPECIE BANK handled.
LIMITED.
Established 1880
The Company offers to intending Travellers the use of its "Travelers Chequer and Letters of Credit and Capital (fully paid-up) Ten.100,000,000 addition, the world-wide servico Reserve Fund
Yen.125,800,000 its thoroughly equipped Travel De-
¡partment.
Head Office:-YOKOHAMA
Branches and Agencies ati Alexandila
Batavia
Berlin
Bombay
Calcutta
Canton
Dairen (Dalny)
Nagasaki
Nagoya
New York Oaska
Paris
Rangoon
Peiping
Fengtion (Mukden). Rio de Janeiro Hamburg
Hankow
Harbin
Hong Kong
Honolula
Heinking
Karachi
Los Angeles Manila Moji
San Francisco Seattle Semarang Shanghal-
Singapore Soerabaya
Sydney Tientsin Tokyo Tringtau Yingkow
Interest, ellewed on USTAN
te Dutrosita rooclved for Azad-rertoda
· koʻrates; të "ba: obtained on applicat
Hong Kong 11th March, 1986
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- ed.
Current Accounts opened, Special Deposits received at special rates, and Fixed Deposits received for one year ar shorter period at rates which will be quoted on application
Enfo Deposit Boxes Car
for hire te
FROM PHILIP COCKCHIN"," EVEREST Chlef Manager
GOOKCHIN Assistant Manager
ALI SHU FONG
.$7,500,000.00 .$1,500,000.00 .All Important Cities
China Foreign Exchange
General Banking Business transacted.
Current and Saving Accounts opened and Fixed Deposita received for ons year or shorter periods at rates which will be quoted on application
BOU Z. CHANG,
Manager. HONG KONG BRANCH: 24, Des Voeux Road, Central. Manager's Office ......Tel. 88565 Foreign Exchange Dept. General Office Cashier's Offic........
33668 88567 „2156)..
THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED, (Incorporated in China)
Capital paid up.......85,000,000, Reservon
............................... $7,000,000. Capital Bavings Dept. $600,000. Reserve Savings Dept. $600,000
Head Offee-Shanghai,
A Bank having so its mission the Industrial development of China and the fostering of her commA-MP- dal relations abroad. Ve Hong Kong offcs--7 Ice House B).
*Phone $1461-24
Is It Insured??
Insurance All Classes ** LOWEST HATEST W American Asiatic Underwriters Fed. Ins., USA, General Agents
Head Office
17. The Band:
AF
Cofice
-Asli Life -
Balldier
TÓL: 80238
LOCAL SHARES.
TO-DAY'S QUOTATIONS".
The following is the list of local share quotations issued to-day:
Banks
H.K. Hank $1815 sa:" H.K. Bank (London) £1294 Chartered Bank £15 n. Marcantile Bank A. & B. $81 Mercantile Bank C, 418% n. Bank of East Asia $85 n.
Am: O. Finance Corp., Sh.$20 China O. Fla. Ord., 8h. $1.80 n. China O. Fin. Prof Sh. $4% n
Insurances.
Cantón Inc. $260 m. Union Ina. $412 b.. China Underwritera $1% n. China Fire Ins. $490 n. H.K. Fire Ins. $220 n. International Assos. Sh. 45 n.
Shipping.
Douglases $29% a. HK. Steamboats.. 87 n. Indo-Chinas (Pref.), $80 n. Indo-Chinas (Def.). $88 m. Shells (Bearer) $47/6 n. Union Waterboats $12 n.
Mining,
Antamoka 83 cts: n Balatoes $43.8. Bagulo Gold 39 cta. n. Benguet Consolidated $14 n. Benguet Exploration 15 ets. n., Benguet Goldfield 10 cts. n. ,,! Big Wedge, 10 ets. n. Gold Creek 38 cts. . Gold Rivers 18 ets. s. Ipo Mining $1% n Itogans 42 cté. n. Salacots 16 cis. n. Kailan (Single), Sh. 16/6 n. Langkats (Single) Sh. $18 n. S'hai Exploration Sh. $5 n. S'hai Loans, Sh, $6 n. Raube $5% b.
Venz; Goldfield 35 . Docks, etc.
NEW YORK STOCK EXCHANGE
Partial Stability Is Only Temporary COTTON POSITION REMAINS UNCHANGED
In their market report, Messrs. S. E. Levy and Company, corres- pondents for Messrs. White Weld and Company New York state:--
Business
"Stocks: Yesterday's partia]| stability appeared to be temporary, and we would still favour, waiting for climatte selling before riskeng trading or purchases. done:-810,000 shares.
"Grains: The importation of for- neign grains, especially corn and rye, le undermining the confidence of longs. The unusually high pre-
NEW
ADVERTISEMENTS
ST. JOHN'S CATHEDRAL
on
"ELIJAH"
(Mendelssohn)
will be sung by the
HONG KONG SINGERS
n THURSDAY, March 28th
at 9.00 p.m.
Conductor: J ANDERSON MILLER. Organist FREDERICK MASON. Proceeds to be devoted to
THE HONG KONG BENEVOLENT SOCIETY Admission by programme, to be obtained from Messra. Moutrie & Co., The Anderson Music Co. and Tsang Fook Piano Co.
mium of 11,968,000 bushels, Corn CANTON PLACES BAN PUBLIC AUCTION
7,190,000 bushela.
Cotton: Price fixing was the main support. We continue to be- lieve that purchases of July option
ON FOREIGN NOTES
Transport Of Silver Coins Restricted
at around 11 cents should offer good, possibilities of trading profits, con- sidering the small certificated stocks SAFE GUARDING LOCAL BANKS and the Government, loan price based on Low Middling.
"Rubber: The action of Securities)
la restricting trade buying and]
Two
Canton, To-day. important resolutions
THE
HE undersigned. have received instructions to sell by Publie
Auction
ON
Monday, the 18th. March, 1935 commencing at 2.30 p.m.
at their Sales Room, No. 35, Hankow Road, Kowloon
A Quantity of VALUABLE HOUSEHOLD
FURNITURE
and
making the absorption of scattered passed during the second session of the Provincial Assembly: con. speculative liquidation difficult. Total sales-469 lote.
cerning foreign bank notes and Commodities: The absorption of coins have been referred to the
restriction on transport of silver A Few Pieces of Black Wood Ware On View from Saturday the scattered speculative liquidation is Provincial Government for exe|
16th. March, 1935. being made difficult, while trade cution. buying is being restricted, owing to
Terms: Cash on delivery It is suggested in the former that the action of Securities.
strict measures be taken to prevent "Flash: Brokers' loans have in-the use of foreign bank notes direct- creased by $1,000,000.
ly in the market and that the Pro- the sole agent for exchanging with offi- vincial Bank be appointed as the
E. A. Pierce And Co.'s Report In their market report, American Oriental Finance
poration, correspondents
(Continued on Page 10).
LAMMERT BROS,
Auctioneers.
Hong Kong, 15th. March, 1936
REGULATIONS
Hairwaving, Lipstick And Slit Skirt Ban
AUTHORITIES TAKE HAND IN PENGPU
Corcial branches in Canton and various NEW LIFE MOVEMENT for parts of the province. It is stress. Messrs. E. A. Pierce and Company ed that a huge amount of foreign of New York state:--
notes is now in circulation and if "Stocks: Liquidation was renewed anything unusual develops they will on continuing uncertainties
over become the cause of trouble. business and the trend of the Inter-benefits of restricting the exchange The national currency situation.
in the hands of a sole agent are "Grains: Liquidation was renewed that the local bank notes would not again led by Rye and the weakness be driven out by foreign bank notes of stocks. Other markets were and that it can easily control the contributory factor. Little alten foreign bank notes and have them H.K. Wharves $101% n. Cum rte, tion was paid to firmer Liverpool cashed in the issuing banks from H.K. Dock $94 n.
advices and the steadiness in Win- time to time. Providents (old), $1.20 n. Inipex. New Orelanz has reported Providents (new) 20 cts. i. fresh arrivals of Corn and Hpngkews, Sh. $309 m.
from the Argentine: . New Engineering 'Sh. $5 . S'hal Docks, Sh. $120 n.
Cotton Mills. Ewo Cottona Sh. $8.70 a. S'hai Cotton (old) $74 n. S'hal' Cottons (new) 345 . Zoong Sings Sh. $9.80 n. Wing On Textiles, Sh. $55 m. H.K. Wharves rights $20 m.. H.K. Wharves ex. rights $99 n. Lands, Hotels, etc. H.K. and S. Hotel $4.70's. H.K. Land $40 BR. H.K. Land
102% n. Shanghai Lands Sh.$20% n. Metropolitan Lands Sh. $12.20 Humphreys $91⁄2 `n. H.E. Realties 35.10 n. Asia Realties "A", Sh. $100 2. Asia Realties "B" Sh. $15 n. Chinese Estates $98
The New Life Movement is having its influence in Pengpu. With regard to the limitation of The authorities there have laun Onts silver coins to be carried by travel-ched a drive for "decent clothing" lers, the resolution suggests some and the reform of the bad habits modifications for the convenience of
COMMODITY PRICES
The following quotations have been received by Reuter.
New York, to-day. New York Cotton:-
March May
.4% Debentures July
China Realties Sh. $9.60 n.. China Debentures Sh.$128 n.
Public Utilities
H.K. Tramways $15 se Peak Trame (old) #81⁄2 n. Peak Trams (new), $6 'n. Star Ferries $89, n.
Yaumati Ferries $22. n.
C. Lights $10.05 b., $10,10.8. H.K. Electrics $68 b., $66.15 8. Macao Electrics $25 n. Sandakan Light 18 n. Telephone-(old)-$24-sa. Telephone (new) $10 b. * Chins Buses Sh. $12.40 m. Singapore Traction 10/8 n. Singapore Pref. 20/6 n.
Industriala Malabon Sugar $81⁄2 n. Cald: Macg. (Ord.), Sh. $18 n. Cald: Macg (Pref.), Bh. $16 n. Canton Ices $2% n. Cements converted $7.50 m. H.K. Ropes $9:65; D..
Stores, etc.
Dairy Farms $20 ea., Sx div. Watsons $3% be vatan Lane, Crawfords $3,75 m.. Mackintoshs, $21) man Sincares 88: n.
Wm. Powells, 70 cts. n. Wing On. (H.K.) $105 n
Miscellaneous. H.K. Amusements $1.85 n. Entertainmenta $71⁄2 8. S.C. Enterprises $1.35′′n. Macao "Greyhounds," 32. n.. Constructions. (old) $1.70 n Construction (new) 50 cts. n. Vibro Piling $5 ng
Ch. "Govt. 5% 1925 GBds-
93% n.
H.K. Govt. 4% Loan, 6% % prem
H.K. Govt. 84% Loan 2% prem.
Wallace Harpers 87 n.
October
October
those carrying coins from interior of the population. The police to coastal ports in this country and are taking an active part and a vice versa.--Central. Presar
long, list of "do's and don'ts" has been issued telling the people ITALIAN LANGUAGE what and what not to wear with IN CHILE Idetails regarding the length of the gowns, the height of the col- lar and the arrangement of the sleeve
To Be Taught On Same Basis As French
Violators of these regulations Chile is to teach Italian in all will be required to be made of are to be punished. All clothing secondary schools on the same native products and no woman basis as the teaching of French.will be permitted to wear trou The learning of these two lan-sers or skirts slit above the guages for at least three years knees. has been made obligatory while the English and German lan-luxuries guages may be learnt at the op-waved, the use of lipstick and 48 having the hair. the colouring of the finger nails. Furthermore, due warning in given against people wearing slippers, nightgowne and bath- robes in the streets.
tion of the pupils
11.75 US. COTTON MARKET
(Continued from Page 1).
The banned list include such
Mr. Johnston considers that the -- strong position of outside growths is exaggerated....
slump on the New York cotton/ America's object at present, he market was due entirely to panicky said, was to enlarge her cotton ex-speculation caused, by a miscon ports by means of increasing in-ception of the "two bales... per porta of all types of goods, thus farmer plan, coupled with fears. establishing a stable dollar ex- that the government loans would change.
not be continued. The fallin
Mar. 19. Mar, 14.
11.21
11.26
11.28
11.39.
11.92
11.35
11.02
10.91
December
*** 11.04.
11.00
January (1986).
11.12 11.05
Spot
11.45
11.50
New York Rubber:- March
11.78
11.40
May July
11.88
11.48
11.99
11.62
September,
12.18
12.20b
December
12.41
11.81 12.00
Chicago Wheat;—~
May
934
92泛
July
89%
88%
September
-89%
881
Chicago Com
May
80
784
July
75%
74%
September
7814
72
Winnipeg Wheat:
May
8814
83%
July
821/
83%
New York Sugar:-
Old New Old New
2.02b 2.04b
2.08. 2.09
2.13
2.16
September
2.18
2.21
December
2.23
2.27
New York SiL:
March:
1.29
1,29
May
1.29
1.27
July
1.28:
1.27
Montreal Silver:~
March
59.50
60.15
60.00
60.15
KENBERS
July
60.50
60.80
¡September
60,90
61.40
b-bid
New York Met
Mar. 11 Mar. 14,.
Copper March Tin March
6.05
5.02
46.60
:46.60
[March
May July..
May
Web Printing
PLASONABLE
PRICES
He explained that the recent price was unwarranted. Reuter,
S. E. Levy & Co.
7, ICH HOUSE STREET *
INVESTMENT BANKERS DROEERS
NEW YORK COTTON- EXCHANGE
COMMODITY EXCHANGE, INC, HY, CHICAGO, BOARD OF TRADE
CANADIAN COMMODITY EXCHANGE, ING,
RESPONDENTS FOR
WELD &