BANKS
HONG KONG AND SHANGHAI
BANKING CORPORATION" ·
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
20,000,000 incorporated by Royal Charter, 1853.
Authorised Capital .................. $50,000,000 Issued and Fully Paid-up a Reserve Funda
Sterling £ 0,500,000. Silver... $10,000,000 Reserve Liability of Pro-
prietors
·HELD OFFICE: RONOKONO. BOARD OF DIRECTORI.
H. H. Doswell, my,
Obsirian.
HEAD OFFICE: LONDON
Paid-up Capital
20,000,000
Reserve Fund
#3,000,000 £8,000,000
Reserve Liability of Fro-
prietors
.£3,000,000
Agencies, and Branchens
Aler Bar
Americ
Ipok
Haydon Palgas
0. C. Knight, Big,
Dosko
Karookl
Datavie
Fla
Deputy Chairisa,
A. H. Compton Esq.,.
Hon, Mr. C. G. S. Mackle,
W. II. Bell, Esq. K. S. Morrison Esq., Cafoatia
llon. Mr. J. J. Pater
Bomber
Kobe
Kusja
Paterson,
Cantos Cawnporn
Lamy
Xucking
Colu
Mudra
Taiping
Carlow
Man
Delbl
Tepstak
Halpanag
New York
Thuler)
flambary
Palping
Taingto
Tokobams Zamboanga
G. Miskin Esq.,. T. E. Pearce Eng.,
3. M. Grapharm, Reg.
ANOT
BANGIOR
MATAVIA
BOMBAY
CALCUTTA
DANTON CHEYOU
COLOMBO DAIREN ZOOCHOW
HAIPHONG HAMBUBO
BANKOW
HARBIN BANGLEW
$20.1.9
EXO
701 BE
ONE
KOWLOON
Chief Managal
BRANCHES T
KUALA LUMPUR LONDON
LYONS
MALADCA
MANILA
*MUAR [Johore)
MURDER
NEW YORK
PEHTING PENAKO ILANDOON BAIGON
BAR FRANCIS00
RHANGHAI .. HINOAFER 64DRASATA
BUNDE PATANI
TIENTSIN
TUXTO
TRINGTAD
YOHOHAMA -
Curse) Acoustá opened in Local Currency sad tad Dayovite received for man zen. De shoe periods in Lost Company and Berlin ➡ars which will be quoted on sppnation.
Jong Kong, 25th February, 1935..
HONG KONG SAVINGS BANK.
The Balm of the above Buck conduct. the HONG KONG AND SHANOWAN KAYKISO CORPORATION. Bulan DAY ON pated on application.
PON THE HONG KONG AND DANGDA BANKING CORTONATION.
V. M. DRAYBURN,
Chill Masson.
Hong Kong, 25th February, 1935.
THE BANK OF EAST ASIA, LTD.
Enhorlaed Capital
............$10,000,500.00 Pop Caglia
$ 6,096,DA DO Bameeve and Undivided, Profis,($4,200.00
HEAD OFFIUR-HONG KONG
1. Des Vaux-Road Central.
BOARD OF DIRECTORS |—
Bir Who-son Chen, Chairma
Los Ckuu. Eng., P. R. Ivo, Ing., Wong In Tong, Bay. Clima Ching Bhak, Kaq., td Lao
(kng). TRENDK
Beremban Rhanba Singapore Bilan Sourchaga
flankow Barbin Roar Ro
Ford Benhaage and General Banking basis Curreal Account ofca and Maid Depot inceived for dus your ze shorise, perioda at matis which will be quoted an application,
A. BREARLEY.
Manager. Hong Kong, lat, January, 1935,
SAFETY FIRST !
To Bafeguard Your Valuablam and Jewelleries. Deposit them in a Vasli
that la really: FIRE PROOF BURGLAR-PROOF DAMP PROOF I OUR SAFE DEPOSIT VAULT located on the Mezzanine Floor of Our New building is Specially Con- strpated to provide all of these In- portant Qualities.
THE CHINA MAIL WEDNESDAY, MARCH 20, 1935
LOCAL DOLLAR DECLINES
Silver Prices Drop-
ommerce and Finance
The local dollar has declined. opening on demand this morning at 1/11
Spot and forward silver prices declined, being quoted at 27 5/16 and 27%, respectively.
The London on New York cross- rate was quoted at £-U.S.$1.78, as compared with E-U.S.$4.754. while the New York on London rate was quoted at £-U.S.$4.184 28 compared with -U.S.$1.76%.
FINANCE COMMITTEE MEETING
$71,387 Supplementary Expenditure Tabled
Supplementary expenditure amount- ing to $71,387 will be presented for consideration at the Finance Com mittee meeting, which will follow the Legislative. Council meeting to- morrow afternoon,
The sum is made up of $37 to the You may obtain a Safe Deposit Police Force for polishing equip- Box In this most up-to-date Vault for ment; $1,600 to the Sanitary De- your own use at a very moderate Res-partment for a pier at Aplichau. Ital
Inspection Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road, Central
THE BANK OF CANTON, LTD.
Established 1912·
244, Wong Chu Row, Reg. and Kan Fald-up Capital
Is Too To. 1-... Chile! Managát.
Tos Fong, E-Maonger.
BBANCGES AND LOENCIES --
Hantia
femor
Materia
Attic
Bombay
Nagi
Dalaussa
New Luck
Bo
Познава
Malphong
Bandow Elemoli
Labe
Palto
reiping.
Ponadg
Amitie Bemarang. Blang kal Singapore Soutalay
fyduny
Talboks
Напроса
Kewion
Haigos
Tokyo
Ban Francion
VALDOS Yokoha
'Brazy Everspilom. of Banking and Exchange baked. Los granted an approved
sevesilien
I
Ourreal Aroouute oped in on Currenc "Fized Reporčia, cabhrad, for den _YME shorter period in Local and Foreign Currandis an terms which will be quoted on application.
Bala Depo Botes Tu Int
RAN TONG 70,
Chia Magar,
THE BANK OF TAIWAN, L'ID.
Head Ofea-Talhoku, Formons, Incorporated in Japan by Special Imperial Charter, 1899. Central Bank of Formosa, Notes
Lasund Average amount Y.48,000,000 Branches and Agencies. · ́
Japan:--Kobe, Owaka, Tokyo, Yoko
:
hame. Keelung, Makong, Nanto, Shoka, Shinchiku, Taichu, Tainan,; Taito, Takao, Tamsul, Toon, Karenko Kagi, Heito, Giran. China-Amoy, Canton, Foochow, Han-
kow, Shanghal, Swatow. Others: Bombay, Hong Kong; London,
New York,
Batavia, Singapore, Samarang, Boerabaya, Dairen.
Un and after April 20th, 1984, tha rate of Interest on Special Current Deposit will be at 14% p.a. on daily balance and the rate for balance over $10,000 will be quoted on application| (Maximum rate-13%),
Hong Kong Branch
Y. OHNO,
Manager,
8. Des Voeux Road, Central. -
Total Resourese
Taland: $50,000 for the Silver Jubilee celebrations; $10,000 to charitable services, for the Little Sisters of the Poor;, $9,750 to the Sanitary Department for touring: barges..
"
MERCANTILE BANK DIVIDEND
a Final
Head Office:-Hong Kong.
The Mercantile Bank of India, Authorised Capital $11,000,000 Limited have received a telegram 8.655,000 from the Head Office in London ad- 82,170,492 Branches: Canton, Tolahan, Shanghai, vising that at the Annual General| Hankow, Bangkok & San Francisco, Medling of Shareholders London Bankers: Lloyds Bank, Ltd, Dividend of 6 per cent. on the "A"," Foreign Exchange and Banking "B" and "C" shares will be recom business of every diacription transmended (making 12 per cent. for Current Accounts opened' and Fixed the year less Income Tax)-£10,000 Deposits recelred for one year or-written off Landed and House pro- shorter periods at rates which will be perty-£172,000-carried forward to quoted on application.
Safe Deposit Boxes (various sizes)'] 1935' account.
acted.
fer hire.
LOOK POONG SHAN,
THE
Chief Manager.
AMERICAN EXPRESS COMPANY,
INC.
Head Office: 65, Broadway, New York:
Capital Surplus Reserves
THE MERCANTILE BANK OF INDIA, LTD.
HEAD OFFICE:
1, Cirachurch Rineet, London, EC..
Authorized Capital
Subscribed Capital Paid-up Capital
£3,000,000
1,000,000
1,050,000
Reserve Fund & Rest. 1,247,482 DANKERS,
The Bank of England & Midland Bank, Ltd.
TRANOSES;
Nov Tork
(MAURITIUS)
Shanghai
Singapore
Kasztan (Pabang) Rimla Madras
NCSO KONG BRANCH
Brary description of Banking and Exchange busi- Desa trezanciać,
.U.5.$6,000,000.00 2,087,112.69 1,995,528,81
Bangkok Boulay
Ipob
Kandy
not mere
BRANCHES:-
Delhi
Husla Lipis
Galla
Kuala Lumpur
Amsterd Alwarp
Canos flaw
Wiles. Nica
Hong Long Flowrs
Albers
The tingue
Naples
AFAVOR
Piraeus
Beatre
Bertin
Boubay
Braman
Hamburg Патта Heidelberg Interlaken
Parla
Palplas
Palette
Brusela
Calro
Jerom Londos
Rotterdam Rome Skingha
Calretta
Táverpack
the
CADOM
Luperpa
Al
Colombo
Lugene
Tientsin
J. 1. 3086.
Copackage Lesso
Termine
Tublid
Marsalise
Vianna
Edinburgh
Monte Carl
Venice
F
Manlle
Overs
Munich
Yokohama Zurich
Manager. |7, Queen's Bond Central.
Hong Kong, 12th June, 1884. -
Kont
Travulları Cheques larmed.
Trustee and Execptorships, under- taken:
INTEREST allowed on Oursat Accounts and Fixed Deposit at Kates that may be ascertained on appletion.
Branches of American Express Com- THE CHINA & SOUTH SEA BANK, pany In Principal cities of United Btates of America and Canada.
All classes" of Commercial Banking Transactions undertaken.
THE YOKOHAMA SPECIE BANK Personal investment accounts
LIMITED.
Established 1880
handled.
LIMITED
(Incorporated in China) Head Ofice...Shanghaf Capital
Reserve
Branches
$7,500,000.00 $1,500,000.00
All Important Cities in China Foreign Exchangs and General
The Company offers to intending Travellers the use of its "Traveler Banking Business transacted.
Cheques" and Letters of Gredit and,
Current and Saving Accounts opened
Capital (fully paid-up) Yen 100,000,000 in addition, the world-wide services and Fixed Deposits received for one 'Reserve Fund
Yen.125,800,000 of its thoroughly equipped Travel De-year or shorter periods at rates which
Head Offer:--YOKOHAMA
Branches and Agineles at:
"Alexandria
Katavia
Berlin
Bombay
Calcutta
Centen
'Dairen (Dalny)
Nagasaki NAROY
New York Canka Parin
Peiplug
Rangoon Fongtien (Mukden) - Rio de Janeiro
San Francisco
Hamburg
Bankow
Harbin
Rong Kong Innolula king
London
Lou Angeles Manila
Moji
Seattle
Semarang Shanghai Singapore Soerabaya
Bydney
Tientsia
Takyo
partment,
E. W. DUGGAN,
Manager,
THE WING ON BANK
LIMITED
Head Office: Hongkong. 26, Den Voeux Road Central Authorised Capital $10,000,000
LONDON BANKERS Westminster Band, Ltd.. Foreign Exchange and every descrip tion of banking businesses transacted. Current Accounts and Bavings Accounta opened. Fixed Deposita,
will be quoted on application.
SOU Z. CHANG,
Manager. TÒNG TONG TRANG: :24, Des Voeux Road, Central, Manager's Office .....Tel: 88585 Foreign Exchange Dept. 23566 General Office in
85567 Cashier's Office
****** 08509
11
THE SHANGHAI - COMMERCIAN & SAVINGS BANK LIMITED - (Incorporated in China)
Capital paid up a
Reserves ** Capital Savings. Døyk. Rosters" Barings". Dept.
received at rates which will be quoted Head Offles--Shang on application. Special rates given for
Trusteeship and Exocatorship un
Intocast allowed OR OZITKat Ao-Special deposits,
Darauita recefeed for Axed reriods "mates to be obtained on application.
taken. Safe Depoält Roxen
OF KISHINALLYMORE PAS
201
PHILIP GOCKCHIN
under
Chief Manager paisa
Manager L. GOCKCHIN
Hot Kong, 11th March, 1085 Asst. Manager
A Bank having sa ita mianion the Industrial development – of: China and the fostering of her commer elal relations abroad jungi |Hong Kong>offeamy lis Phone
hire
LISHU PONG 2
Asst. Manager:
LOCAL SHARES.
TO-DAY'S QUOTATION:
The following is the list of local share quotations lasued to-day?—
Banks,
HK. Bank $1310 b., $1325 83. H.K. Bank (London) £130. n. Chartered Bank £154 n. Mercantile Bank A. & B. 81% Mercantile Bank C. £13. Bank of East Asia $80% n. *** Am: O. Finance Corp., Sh.820 China O. Fin. Ord., Sh. $1.80 m. China O. Fin. Pref. Sh. 341⁄2 n. Insurances.
Canton Inc. $260 n. Union Ins. $4171⁄2 -b. China Underwriters 81% n. China Fire Ins. $400 sa. H.K. Fire Ins. $220 n... International Aasce. Sh. $5 n. Shipping.
Douglases $391⁄2 n H.K. Steamboats, $74 n. Indo-Chinas (Prof.), $80 n. Indo-Chinas (Def.), $38 n. Shells (Bearer) $47/6 n.' Union Waterboats $12.
Mining.
Antamoka 86 ets, b. and sa. Balatoes $43 n.
Baguio Gold 39 cts, n. Benguet Consolidated $14 n. Benguet Exploration 15 cts. n. Benguet Goldfield 10 cts. n. Big Wedge, 10 cts. n. Gold Creek 381⁄2 cts. n. Gold Rivers 17 cts. n.. Ipo Mining $1. Itogans 42 cts. n. Salacota 16 cts. n.
Kailan (Single) Sh. 16/6 R. Langkats (Single) Sh. 18 n. S'hat Exploration: Sh. $5 . S'hai Loans, Sh. $6 n. Raubs $6.15 n.
Venz; Goldfield $5 n.
Docks, etc.
n.
NEW YORK STOCK MARKET
Uncertainties Stop Speculation
*IMPROVEMENT IN COTTON
EXPECTED
ment.
"Cotton: Foreign liquidation' has evidently been completed. The mar- ket is improving under trade buying and covering operations, and looks as if it will go higher....
"Rubbert Firm and active condi-
In their market report, Mesara, tions were seen. The London mar S. E. Levy and Company, corres ket closed steady. During the mor pondents for Messrs. White Wald ning there was heavy selling here and Company New York state: by houses with foreign connections. "Stocks: The market ruled The market now rules steady after steadier. Uncertainties continue to trading had been mixed.. London waigh heavily on speculative senti-houses believe that liquidation is However, there was Hoover, while the trade here feels that general weakness and the light there are still some irregularifies to volume of trading la possibly en- overcome, couraging. Business done:-510,000
"Rubber prices are not respond shares.
ing to cable advices, and we do not "Grains: In spite of dust storms expect much, If anything, on the up continuing in the South-west, buy-side in, fecent weeks. The rubber ing was not aggressive. Total market has been adversely affected" sales--Wheat: "20,987,000 bushels, by a number of unfavourable events. Corn: 12,919,000 bushels. The collapse of the Commodity Pools "Cotton: There was much short-in London led to substantial liquida covering in evidence, while trading tion, and nervousness over the pos was fair. The trend of buying was sibilities of further repercussions to confine purchases of old crops on from the decline In Sterling was setbacks. e dyt distinctly harmful to prices.
"A higher cotton market is expect. Disappointment has been express- ed, which will favourably influence ed over the failure of restriction We would caution agreements to curtail production other, markets, against bulge.buying.
and stocks at a faster rate. "Rubber: Trading was moderate. (Continued en Page 7) The demand from consumers helped a technical rally. Total sales:-537 lots.
"Coffee: Prices appear to be near the investment level. Supplies from consuming markets are low- and many growths were hedged heavily.
E. A. Pierce And Co's Report In their market report, the American Oriental. Finance Cor- poration, correspondents for Messrs. E. A. Pierce and Company of New York state:-
"Stocks: There were no definite. news factors, but it is obvious that] the improvement in, the technica|| position may result in a somewhat. further quiet recovery.
"Grains: There was a better tone prevailing in both the wheat and corn markets. Trading was moder- ate. May option of wheat, and corn and distant options showed frac
H.K. Wharves #101% n. Cum rta. tional gains, H.K. Dock $934 n.
Providents (old), $1.20 n. Providents (new) 20 cta. n. Hongkewa, Sh. $309 n. New Engineering Sh. $5's. S'hai Docks, Sh. $120 n.
Cotton Milla Ewo-Cottona Sh. $84. Shai Cotton (old) $74 m, S'hat Cottons (new) $45 2. Zoong Sings Sh. $9.80 n. Wing On Textiles, Sh. 355′ ni H.K. Wharves right $15 sa. H.K. Wharves ex rights $98.n.
Lands, Hotels, etc. H.K. and S. Hotel $4.65 8. K.H. Land $40 sa. H.K. Land 4%
102% n.
It is reported that dust stormts are still continuing in
An
Irritated
Throat?
act now-
prevent
tomorrow's
'Flu, Cold, Fever with
FORMAMINT
The Garm-lifting Threat tablets.
Obtainable at all Chemists and Store.
the South-west, while there is no s It Insured?
malature in evidence. The Winni- peg market ruled firm. Purchases of Argentine corn, are indicated, while the shipping demand for corn, and country offerings, were moder
ate.
· COMMODITY PRICES
The following quotations have been received by Reuter. New York Cotton:-
March
Debentures May July
Shanghai Lands Sh.820%. n. Metropolitan Lands Sh. $12.20 Humphreys $9% 'n.
H.K. Realties $5:10 n. Asla Realties "A", Sh. $100 n., Asia Realties "B" 8k. $15 n. Chinese Estates $98 n.
China Realties Sh. $9.80 n. China Debentures Sh.$128 n.
Publle Utilities
H.K. Tramways $18 a... Peak Trams (old) $81⁄2 1. Peak Trams (new), $6 n. Star Ferries $89 n.
Yaumat! Ferries $22 n.
C. Lights 89.45 s., 39.55 88.
Mar. 18. Mar. 19.
10.29.
10.62
10.35
10.70
10.45
10.76
October
10.07 10.89
December
10.12
10.46
January (1936). 10.16
10.50
New York Rubber:-
March
10.62
10.89
May
10.65
: 10.93b
July
10.78
11.04
September.ti.
10.96
11.20
11.02
11.25
December,
11.18
11.40
Chicago Wheat:-
May
91
91%
July
882
884
September
88%
83%
Chicago Corn
May
76%
722*
73%
September
70
70
Winnipeg Wheat;
8914
October
H.K. Electrics $643⁄4 b, $651⁄4 9 July
$65/2/65 88.
Macao Electrics $25 n. Sandakan Light $8 Telephone (old) $24 n.' Telephone (new) $10 n. China Buses Sh, $12.40_n. Singapore Traction 10/8 n. Singapore Pref. 20/6 n.
Industrials Malabon Sugar $81⁄2 a. Cald: Macg. (Ord.), 8h. #16 m. Cald: Macg. (Pref.), Sh. §16 n. Canton Ices $2. Cements converted $7.60 n. H.K. Ropes $8.65 n..
Stores etc.
52% 82% 821%
May July New York Sugar:—
Insurance All Classes LOWEST HATES - American Asiatic Underwriters Fed. Inc., U.S.A. General Agents
Head Office 17, The Bund Shanghai
H.K. Office Asia Life. Building
Tel 30234
TO-MORROW TO SATURDAY nt the
ALHAMBRA
and, continue from
SUNDAY at the
CENTRAL
THEBOOK THAT MADE THE WORLD TREMBLE in:pired this Great Warner Bros, picturvi
KAY
FRANCIS
LESLIE
HOWARD
IN
BRITISH AGENT
PUBLIC AUCTION
THE undersigned have received Tinstructions from M. J. Quist
Esq. to sell by Public Auction
ON
Thursday, the 21st March, 1935 commending at 10a.m. at No. 549, The Peak,
A Quantity of Beautiful Plants and Palms in pots, Garden Tools
.etc., etc.
On View from Wednesday, the 20th March, 1985,
Terms: Cash on delivery
LAMMERT BROS,
Auctioneers.
Hong Kong, March 19, 1935.
SINCERES
SPRING SALE
NOW
PROCEEDING
Dec. 2.82 2.30 2.32 · 2.30
2.27%-1:29- 1.26% 1.27 1.251:1.27
S. E. Levy & Co.
7) ICH HOUSE, STREST
BAXEERS À BROKERS
March May
July Sept.
Old New Old New 2.188 2.08b 2.18 2.10 2.14 2.14 2.14 2.14 2.21 2.20 2.20 2.20 2.26 2.25 2.25 2,25
New York Sik:--
March
May
July
Dairy Farms $19 m.
Montreal Silver
Watsons $3%-¤•
March
* 59.75 ·
59.65
Lane, Crawfords $3.75 n. Mackintoshs, $21 n.
May
59.75 69.65
July
60.50
€0.85
September
60.90
60/75
BNBRAS
"b-bid."
Reuter,
Sinceres $8 n.
Wm. Powells, 70 cta. n.. Wing Or (H.K.): $105 n.
Miscellaneous.
H.K. Amusements: $1.85 n. Entertainments $7 n. 8.C. Enterprises $1.86 ) Macho "Greyhounds?” $2 n. Constructions (old): $1.70 n.° Construction: (new) 50 cts. n. Vibro Piling $5.n..........
RAW RUBBER PRICES
Latest Quotations From Singapore
Messrs. H. B. Joseph and Com
Cha Govt. 5% 1925 G#Bds—pany have received the following
95%
Straits currency quotations from H.K. Govt, 4% Loan, 82% prem. Singapore for Raw, Rubber,
H.K, Govt 84% Lom 2% prem
Wallace bars SZ
Spot 18 1/4 Up 1 cent April-June 19 1/4 Up 1 cent July-Sept 20 1/2 Up 1 cent Market Sellers Reserved.
NEW: YORK:COTTON EXCHANGE
COMMODITY, EXCHANGE, INC, N.T. CHICAGO BOARD OF TRADI PA
· CANADIAN”: COMMODITY - KICHANGE; INC.
GORANSPONDENTS | FOB.
NEW YORK