BANK
HONG KONG AND SHANGHAI BANKING CORPORATION
Authoris Capital
$50,000,000 Issued and Fully Paid-up. 20,000,000 Reserve Fundus
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA,"
Incorporated by Royal Charter, 1858 HEAD OFFICE) LONDON
Sterling..... £ 6,500,000 Silver. $10,000,000 Reserve Liability of Pro-
SUN LIFE
| Paid-up Capital
Reserve Fond
£9,000,000 28,000,000
20,000,00 Reserve Liability of Pro
prietors
8,000,000
Agencies and. Branches:
*Bangoon
.. Ipoh:*
Xtrack
Baramban
Shanghai
Singapors
Baurstays
TURIEN
Tisakala
མ་
Ang
Baluria Borney
prietors
HEAD OFFICH, WONGKONŮ., BOARD OF DIRECTORS. "H, II. Dodwell, Esq.,
Chairma
4. Knights 4.. Devily_Chairman.
Morrison Esq., Cali
Hon. Mr. J. J. Paterson,Cabu Hen, Mr. C. G. 5. Mackie,
G.- Miskin Esq.,. T. E. Pearce Eaq.
„V..M, Omykan, Kage
'Chial Manager.
W. H. Bell, Esq. K. $.
A. H. Compton Esq., ****
Carspor
Colomb
Delhi
#xebar
itsakom
Karbin
BRANOH
AMOT BANGKOK
KUALA LUMPUB TANDON
LYONS
MALACCA
BATAVIA BOMBAY CALOUTTA CANTON COPFOO COLOMBO DAINEN
MANILA
MUAR (Zoboru) *
MUKDEN
PRIPIRO PRNAKO
NEW YORK
VOOCHOW RAIPHONG
HANNIN
MANKOW ΓΙΝΙΝ
HANGOON
BAIGON
FAN FRANCISCO
RFIANDUNT
KINGAPORE
KOURABAYA
RINGE PATANI
་་RE#
200
ZOT HE
TIENTS
BOHE
TUKYO
YOKOHAMA
ICWLOON
..
TRINOTAU
Locate spaxed in fatal Currency and Fixed Look! Company and nylib
Prosival for oss you or periode it De which will be quoted on spalization. Tung Kong, 23th February, 1935.
HONG KONG SAVINGS BANK.
Ti. Dezinses of the above Bach le condus the HONG KONG AND BILANGUA
BANKING CORPORATION.
asia Hoplicmikan,
Bale wr
THE HONG KONG AND SHANGHAI
MAKING CORPORATION
V. M. GRATRUNK,
Chat Mov
Hong Kong, 25th February, 1935.
THE BANK OF EAST ASIA, LTD.
Makarand Copia!
Paid-up Capital
Movers and Undivided Pevkle
(1,434,500.00
HEAD OFFICE: NOxÓ zoso
19. De Vous Road Centraž,
BOUD OF DIRECTORN 1 Bio Chow, ChairmaL.
Ta Ines Chat V. F. L. Iwok. D. WORK Tea Trog. Fan Pan Chlog bak, Kaq. Td fan Seas. Zac.. Wong Chu Roa, Esq. and Kan Ting
Bombay
Balautta Santos Siphong
Ian Tone Po, Fox.. Clist Mazagar,
The Four, F., Kutaget. BRANCHES AND 40ENCIYU 1–
Besia
Seatrad
.. Bbangkai Rappor Bourabaya Bow Sednay Talbo Theniaia
Mani Mell
New York
Paria
Hankor Hencial.
Felping
Prano
Rangoes
Balgon
Tokyo
Fas Francis
FADOSTN
London
Tokohama
Every descripiles of Buchtig and Ruokange
trasarted. Los prie es approved j series.
Darrest Arousila opeed is Local Curren
Find Pappale msired for the your o skorte partie in 1.908! and Foreign Curader
Touris
(Bhukee)
Tilugins
Tokcoa.ma
Zinbowuga
Foreign Exchange and Cannesl Banking bei trapneled.
THE CHINA MAIL, FRIDAY, MARCH 20, 1935.
Commerce and Finance..
INSURANCE
INCREASE Impressive Gains Reported
ASSETS TOTAL $665,378,716
Shareholders and policyholders. of the Sun Life Assurance Com pany of Canada, at the annual
Curreal Accouale oprzod azė. Pried. Degeneral meeting held in Montreal menived for one year or shorter portada“ að mater, which will be quoted on application,
A. BREARLET.
on February 12, were presented Manager with the annual financial statement Hong Kong, lat. January, 1995.
and directors' report for the year 1934 showing gains of a general
THE BANK OF CANTON, LTD. and substantial nature. Features
Established 1912
Head Of Hong Kong.
of the exhibit included an increase in assets of $41,232,681 to a total of $665,878,716; new paid for busi- Authorised Capital
$11,000,000 Paid-up Capital ...........................
1,555,000 ness' of $236,215,901, an increase of Fotal Resources............ 82,170,498 approximately twenty million dol- Branches: Canton, Tolaban, Shanghai, Hankow, Bangkok & San Francisco,lars over 1933; cash in banka ap- London Bankers: Lloyds Bank, Ltd., proximately twenty million dollars,
Foreign Exchange and Banking
business of every discription trane and an excess of income over all acted.
disbursements of $43,589,726.·°
Your ог
Current Accounts opened, “nd Fixed Déposite receired for a shorter periods as rates quoted or application,
Safe Deposit Boxas ( fo .bize.
LOOK POON
Chief Manager
The 'financial statement, present- will be led by Arthur B. Wood, president ous isss) and managing director, reflects the improved economic conditions and SHAN,
increased business activity In Canada, the United States and [Great Britain, the three chief coun- tries in which the company operates. Elsewhere in this issue will be found the text of Mr. Wood's address to the meeting, in which he reviews at length condi- tions as they affect the company.
SAFETY FIRST!
To Safeguard Your Valuables and Jewelleries. Deposit them in a Vanit that is really: FIRE PROOF BURGLAR-PROOF DAMP-PROOF 1
OUR SAFE DEPOSIT VAULT located on the Mezzanine Floor of
Our
Big Income Increase
The total income for the year New building is, Epéelaity Con- under. ·review from all sources structed to provide, all of these Im amounted to $159,251,028, an in- portant. Qualities.
You may obtain a Safe Deposit crease of $7,015,206 over the total Box in this most up-to-date Vanit for for 1933. The total disbursements {your own use at a very moderate Ran were $115,661,302, a decrease of Ital
Inspection Cordially 'Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD, Corner of Ice House Street and Des Voeux Road, Central
THE
$11,844,499. The report points out that the surplus earned during the year. amounted to $21,281,235, uf which/619,219,504 has been paid.or allotted in dividends of participat- ing policies. The sum of $8,062,- 1664 has been applied to further writing down securities and increasing reserves. It is fur-
shohink will be quoted on appication.AMERICAN EXPRESS COMPANY, ther pointed out that no payment
Вело Разинів Волге То Теб.
KAN TOKO PO.
Chlal Manager.
THE BANK OF TAIWAN, LTD.
Brad Office-Talhoku, Formosa, Incorporated in Japan by Special Imperial Charter, 1899,
Central Bank of Formosa, Notes
led Average amount Y.45,000,000
Branches and Agencies, Japan-Kobe, Osaka, Tokyo, Yoko hams. Keelung. Makong, Nanto, Shoku, Shinchiku, Talchu, Tainan, Taito, Takao, Tamsui, Toen, Karenko Kagl, Heito, Giran
China: Amoy, Canton, Foochow, Han;
kow, Shanghal, Swatow Others: Bombay, Hong Kong, London.
New
INC.
Head Omer:--65, Broadway, New York
Capital Surplis Reserves
Asa
1.6.$6,000,000.00 2,087,112,69 1,998,528.31
of dividends to shareholders, or allotment of surplus to share- holders' account, has been made, comforming to the decision to de- fer consideration of these matters juntil business. recovery is more
fully established.
The growth of the Sun Life may be judged from the following table:
Insurance
BRANCHES:--
Anway Athous
Belie
Barlin
Bombay
Brusla
Calcutta Сельм
Copenhagen Thibliy Edlaborgh
Goo
Sifan* Nice s'he lingue Kaplan BOTAD
PTEROUS Hamburg
Paria si
Pelpla Haldelburg
Palet Isteriat
Rotterdam Jerusalane
Roma London
Shaghat Liverpool
1934 [1924
1914 31904
Montban
L
Bizgapore Toda
Tomala
11934
}1924-
Moule Curta
Mafia
Marloh
Venlos Tokohama Zurick
1914 [1904:
York Singapore, Batavia, Colo Famarang, Soerabaya, Dairen.
On and after April 20th, 1934, the rate of Interest on Special Current Depruit will be at 14% p.a. on daily bale and the rate for balance over $10,09 will be quoted on application: (Maximum rate-14).
Bong Kong Branch
Y. OHNG,
Manager.
3. Des Voeux Road, Central.
Floresos
Опит
Lugabe
LATE Waroillee
Montreux
Branches of American Express Com-
Income.
in Force, $2,748,725,403.00 $159,251,028.50 |
218,755,395.00
881,592,937.00
85,327,663.00
62,248,681.44 16,052,276.24 4,561,936.19
Payments to Policy holders Asseta $89,160,205.46, $665,378;716.34
31,881,639.47 274,190.107.60) 6,161,287.90 64,187,656.38 1,374,045.82) 17,851,760,92
pany in Principal cities of Ualled THE CHINA & SOUTH SEA BANK,
States of America and Canada.
All classes of Commercial Banking Fransactions undertaken.
THE YOKOHAMA SPECIE BANK handled:
LIMITED.
Established 1880
Capital (fully paid-up) Yen.100,000,000 Reserve Fund ... Yen.125,800,000)
. ·
Head Office-YOKOHAMA -
Branches and Agencies at:
・Alexandria
Batavia
Berilo
Bombay
Onleptta
Canton
Nagasaki Nagoya New York Osaka Puigd Pelping
(Dainy) Rangoon
(Mardan) Rio de Janeiro
San Francisco Seattle Semarang
Hankow Harbin Hong Kong Honolula Bajnking Karachi
Kobe
London Los Angeles
Halla
Dagnaits received
så rutes kalba"obta
Shangha Singapore Boerabays
Tokyo
Taingtan Ylugkow
Hong Kong lith
1935
LIMITED
Personal investment accounts
Branches
(Incorporated in China) Head Office Shanghai. Capital Reserve
$7,500,000,00 $1,500,000.00
All Important Oitlen in China
General transacted. Current and Saving Accounts opened
The Company offers to intender Foreign Exchange and Travellers the use of its Traveler Cheques" and Letters of Credit, and, Banking Business tra
addition, the world-wide services
partment.
its thoroughly equipped Travel De-and Fixed Deposits received for one year, or shorter periode at raten, which will be quoted on application.
BOU CHANG
E..W. DUGGAN,
Manager,
THE WING ON BANK LIMITED
Head Office: Hongkong. 26, Des Voeux Bond Central.. Authorised Capital $10,000,000
LONDON BANKERS —— Westminster Band, Ltd, Foreign Exchange and every descrip flon of banking businesses transacted.
Current
nt Accounts - and... Savings Accounts opened: Fixed Deposit received at rate which will be quoted on application
• giyen för
As Special depositat under
* Trusteeship and E riods taken. Bato Depolit Boxes for hire. PRICE PHILIP-GOCKOHIN
Manager in
Asst Manage
Manager. HONG KONG BRANCH: 9-24; "Des Voeux. Road; Central.. Manager's Offica „Tel 33565 Foreign Exchange Dept.- / 33648 General Office Cashier's Office
*ing 88569
THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED Me" (Incorporated in China Capital paid up
Bavings
FA Bank
Indust
LOCAL SHARES.
TO-DAY'S QUOTATION
The following is the list of locall share quotations issued to-day-
A Banks, Cetakan H.K. Bank $1280 b. and sa. H.K. Bank (London) £126
Chartered Bank £14% ¤. ** Mercantile Bank A. & B. $311⁄2 Mercantile Bank C. £18 n.` Bank of East Asia $854 n. Am: Q. Finance Corp, Sh.320 China O. Fin. Ord, Sh. $1.80 n. China O. Fin. Praf Sh. $434 1.
gratis-Insurances.
Canton Ins. $260 B Union Ins. $415 b., $415 62. China Underwriters $1 n; China Fire Ins, $400 n. H.K. Fire Ins. $220 n.. International Assce. Sh. $5 p.
Shipping.
Douglases $991⁄2 n. E.K. Steamboats, $7% a. Indo-Chinas (Prof.), $80 m.
·Indo-Chinas (Del.), 888 n. Shells (Bearer) $50/- n. Union Waterboats. 812. n.
- Mining. Antamoks $5 cts. n. Balatoes $43 n.. Baguio Gold 89-ets, nr:
Benguet Consolidated $14 n Benguet Exploration 16 ets, n. Benguet Goldfield 10 cts. a. Big Wedge 10 ctá. n. Gold Creek 40 cts. 88. Gold Rivers 17 cts, n. Ipo Mining $1 n. Itegans 42 cts: n. Salacots 16 eta.... Kailan. (Single) $16/9 . Langkats (Single) Sh. $15 n S'hal Exploration Sh. $5 n. S'hal Loans," Sh. §0, n. Raubs $5.15 n.
Venz; Goldfield $5.n.
Docks, etc.
NEW YORK STOCK MARKET
Uncertain Conditions
Still Continue
COMMODITY PRICES
The following quotations bave been received by Reuter... New York Cotton:-
and Company, New York state: New York-Fuhber:
NEW ADVERTISEMENTS
PUBLIC AUCTION
REMINDER
2 Mar, 27. Mar. 28, Closing Closing
May
11.07
10.07
QUEEN'S COLLEGE ATHLETIC SPORTS
FURTHER DRIFTING MARKETS July
11.14 .11.09
FORESEEN
October December
10.72
10.53
THE SPORTS will be held TO-·
10.82
10,62
pondents for Messrs. White Weld Spot
In their market report, Messrs. January (1936) S. E. Levy and Company, Corres
10.86
10.67
MORROW,
March (1986)
10,98
10.73
11.35
11.25
SATURDAY, March 30th on the Queen's Col lege Ground, Causeway Bay.
.
|porary "upturns which should be
"Stocks: We continue to foresee July further drifting markets, with tem- September
May
11.73
11.55
11.84"
11.68
11.98*
11.84'
October
-12.05
used to reduce commitments. Bual- neas done:-610,000 shares."
December January
12.20
12.08
12.28
12.14
"Grains: Continuous winds are Chiengo Wheat:- drying out the South-Western soll. May
95% 94
The market looks as if it will go July. higher until generous rains are re September ceived. We favour purchases of Chicago Corn:- Wheat on fair reactions. Total May sales-Wheat: 17,620,000 bushels, July Corri: 9,020,000 bushela.
93%
02%
93
92%
7914
784
Road,
74
73%
¡September
6914
694
"Cotton: Nearby positions are tightening and the discount on new
May crops is expected to increase, caus- {ing a further contraction of Ameri-
July jcan consumption.
Winnipeg Whent:---
85%
84%
844
84*4
New York Sugar:
Old New Old New
H.K. Wharves $90 n. Cum ria. H.K. Wharves ex rights $89 n. H.K. Wharves right $10.10 b.,
$9/2/10 88-
H.K. Dock $9% 3. Providents (old), $1 b. Providents (new) 20 cts. n.. Hongkews, Bh. $309 n. New Engineering Sh. $5 s S'haf Docks, Sh. $120.
Cotton "Mills.
Ewo Cottons Sh. $8.80 n. Shanghal Cotton (old) Sh.$74 n. S'hal Cottons (new) 245 a. Zoong Sings Sh. $9.30, 'n. Wing On Textiles, Sh. $55 n
Lands, Hotels, etc.
"Rubber: Reports of the unrest in Akron are continuing to check May aggressive buying.
Totay Bales: July 824 lots.
September
"Flashes: Average daily petroleum December production for the week ended Jan. (1936)
March 23 was estimated at 2,600,000 New York Sük:- barrels.
The weekly electricity May 1,725,000,000 July
production totalled
kw.h., an increase of 4 per cent. as September compared with last year.. Brokers' Montreal Silver- loans decreased by $5,000,000,"— March Heuter.
May
E. A. Pierce And Co's Report July
for
2.18 2:15 2.19 2.16 2.22 2.21 2.23 2.23
•2:26 2.25 2.28 2.27 2.32 2.81 2.34 2.82 2.25 2.22 2.27 2.22
1.29
1.29
1.29 1.291282
1.28
61.25b
61.68
61.60
02.40
62.15
62.95
62.550
T
HE undersigned have received Instructions to sell by Publis
Auction
ON
Saturday, the 30th. March, 1935 commencing at 11.30 am.
at the premises of the Casanova Dancing Academy, No. 747 Nathan
Ground Floor. Kowloon.
A Quantity of Teak and Rattan Furniture etc,
also
7 Electric Ceiling Fans
10 Inverted Lights"
On view from Friday the 29th. March
Terms: Cash on delivery
LAMMERT BROS,
*Auctioneers:
Hong Kong, March 29, 1985.
PUBLIC
AUCTION
OF VALUABLE HOUSEHOLD
FURNITURE
Comprising:-
In their market report, the December
September
Drawing Room Suites, Dining American Oriental Finance Cor-New York Metals:-
63.450 Tables and Chairs, Sideboards. Glass. Cabinets, Wardrobes, Dresk- poration, correspondents Messrs. E. A. Pierce and Company Copper January
Mar. 25. Mar. 28ing Tables, Chests of Drawers,
6.77
6.88 Sewing Machines, Ice Chests, Hat- lof New York state-
.46.80 46.86
stands, Oil Paintings and Pictures, Ornaments and Sundries.
aleo
Tin January
"Stocks: The announcement of the proposed reorganisation of the Chi- RAW RUBBER PRICES |cago-Milwaukee-St. Paul and Pacifie{. Railroad unsettled the market in the (Continued on. Page 10)
LOCAL DOLLAR DECLINES
Silver Prices Drop
Mesars. H. B. Joseph and Com pany have received the following Straits currency quotations from Singapore for Haw Rubber.
Spot 194 down April-June 20% down . July-Sept...21% down 36. Oct-Dec. 22% down 4. Market: Dull Selling price 4 cent higher on all position.
A later message states that rub
The local dollar has fallen a fur-her prices dropped another half cent.. |ther, opening on demand this
morning at 2/
Spot silver declined 1/16 and forward, spot being quoted at 28% and forward at 28 7/16.:
The London on New York cross- H.K. and S. Hotel $4% b., & sans compared with £-U.S.$4.79
rate was quoted at £-U.S.$4.80%, | H.K. Lands $39% b., $40 a.
while the New York on London
H.K. Land 4% Debentures rate was quoted at £-U.S.$4.80%,
as compared with US$4.79%4:
102% n.
Shanghal Lands Sh. $16 n. Metropolitan Lands Sh. $12.20 D. Humphreys $91⁄2 8.- こ H.K. Realties $5.10 n.
Asia Realtles "A", Sh. $100 Di Asia Realties "B" Sh. $15 1. Chinese Estates '$90 n. China Realties Sh, $9.60 m. China Debentures 8h.$123 'n.
Public Utilities
H.K. Tramways $16-10 b,, $16.
8., $16/162 BR.
Peak Trama (old) $9% n. Peak Trams (new), $8 n. Star Ferries $99 n. Yaumati Ferries $22 b. C. Lights $9.15 8. $0.10 b. H.K. Electrics $68 h, and se. Macao Electrics $25-n. Sandakan Light. $85. Telephone (old): $28 8. Telephone (new) $10 n. Chian Buses Sh. $12.40 n.. Singapore Traction 10/8 n. Singapore Pref. 20/6.n.
Industrials Malabon Sugar", $81⁄2 ̈n. Cald: Macg, (Ord,), Sh. $16 E. Cald: Macg. (Pref.), Sh. $16 n. Canton Ices $24.
Cements $78. Converted. H.K. Ropes $2.60/m.
Stares, ete. Dairy Farms $194.8. Watson $8 b Lane, Crawfords: $3.75 . Mackintoshs, $21 8.7 Sinceres $8.
Wm. Powells, Toccts. n. Wing On (H.K.) 108
Miscellaneous,
H.K. Amusements $1.85 n. Entertainments: $6.40. n. 8.C. Enterprises $1.35 m Macao "Greyhounds? $2 ne Constructions (old) $1,70 1 Construction (new) 45 cia. Vibro Piling $5 Chi Govt. 5% 1925
Is It Insured? ?
- Insurance — All Classen! LOWEST RATES American Asiatic Underwriters Fed. Inc., USA. General Agents".
Head Office
17, The Bund
Shanghai
H.K. Offer Asia Life
Building
"Tel' 30284-
A Selection of Black Wood Ware
Tuesday, the 2nd April, 1995, at the Sales Rooms, Duddell Street. commencing at 2.30 p.m.
On View from Monday the 1st April 1995.
Terms: Cash on Delivery?
1
LAMMEET BROS,
Q Auctioneers.
Kong, March 29, 1985.
S. E. Levy & Co.
7, ICE HOUER STREET.
INVESTMENT BANNERS
EMBERS
BROKE
· NEW YORK COSTON EXCHANGE -
COMMODITY EXCHANGE, ING, N.Y.
CHICAGO BOARD OF TRADE CANADIAN COMMODITY EXCHANGE, IND
CORRESPONDENTS FOR
WHITE, WELD & CO., NEW YORK,
WING ON'S
SPRING SALE
NOW PROCEEDING
The time to make pu