BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION ..
Authorised Capital ........ $50,000,000 Issued and Fully Paid-up. 20,000,000 Reurve Fonds
Sterling
Reserve Liability of Pro-
H, . Dowell 2»q,
:---Chefrman..
| T
THE CHARTERED BANK OF INDIA, AUSTRALJA & CHINA, Incorporated by Royal Charter, 1858. BEAD OFFICE: LONDON
Paid-up Capital Reserve Fund
Silver
£6,500,000 $10,000,000
£8,000,000 .£8,000,000
prietors
20,000,000
Reserve Lability of Pro-
HEAD OFFICE; NONGKONG,
prietors
£8,000,000
BOARD OF DIRECTORE.
Agencies and Branches:
-Alor Bla
Hells
Rangoo
Amrlicks
Ipoh
Salon
Bangkok
Larwahi
Kemenag
·Elalavia
Beremban
Bombay'
Kobe
Bhatkhel
Calcutta
Fangspors
CARTON
Bitiawan
ba
Gewape
Kuching
Bourabaya
Made
Colonoba
Manila
Tell
Dalia!
Hodan
Tools
G. Miskin Esg...
T. E. Pearce
Esq.,alphone
New York
(Uhuker)
Hamborg
Tsugio
Hankow
Сым Малари,
Harbin
J'okobema Zambosure
d. Knight, «K«
Deguty Chairman,
W. H. Boll, Esq. K. S. Morrison Esq.,
A. H. Compton Esq.,
Hon. Mr. J. J. Paterson,
Hon. Mr. C. G. S. Mackle,
NOT
KANGKOK BATÄVIJ BOMBAY
·PALOUTTA CANTON VIEPOO .COLOMBO DATREN TOOCHOW 'LIPHONG NANDEBO HNKOW #ABBIN
NIKEW
BOK
PARK
KOWLOON
"V. M. Grayback, hoe
BRANCHNG 1-
KUALA LUMPUR LANDON
LYONK
MALACOA MANILA HUAR (Johor) WURDEN
NEW YORK. PEIPING PENA
SAIGON
RAN FRANCItsoo
ΕΞΑΚΟΣΙΑΙ
BINGANRE
HOURABATA
RUNGEI PATANI
TJENTSIN
- TOKYO
TSINGTAO
YOKOHAMA
Current Acososia opened in Lack Currency
ad parlede in Local Company 458
Mixad Dipolla voited for us u
in
or which will be quoted on aislinalon. Hong Kong, 26th February, 1985,
HONG KONG SAVINGS BANK.
The Boxies of the shore Back le condusi BONO KOND AND SHAKORA!
BANKIND CORPORATION. Bu pied on appo
PIN THE BONG KONG AND SHANGHAI
SINA CORPORATION
V. M. GRITRUNK,
Chiat Mare,
Hong Kong, 25th February, 1935.
THE BANK OF EAST ASIA, LTD.
Avakorised Capital
Bases and divided Frola
Bong Kong:
Penang
Foreign Kebangs and Game Backless
THE CHINA MAIL, THURSDAY, APRIL 4, 1935
Commerce and
Finance
NEW YORK STOCK EXCHANGE
Trading Continues Very Small
NO FRESH INCENTIVES TO BUSINESS
In their market report, Messrs. S. E. Levy and Company, corres- pondents for Mosers. White. Weld and Company, New York state:
transacted.
Ourmas“ Accounts - optoed, and "Plaid Departu muenitol For oca, your arʻshorter
"Stocks: The market is still with whink, will be Rocked sa applied, es matèr
A. BREARLEY. out any particular trend. Trading Manager, was on a very small scale owing to
the lack of fresh incentives Busi ness done:--580,000 shares.
Hong Kong, 1st. January, 1935.
THE BANK OF CANTON, LTD.
Established 1912.
Head Office:-Hong Kong.
Authorised Capital
Paid-up Capital
Total ResourсDE
"Grains: The market remains un- changed, with outside, interests taking very little notice of advances in prices. Total sales-Wheat: $11,000,000 11,881,000 bushels, Corn: 8,276,000
6,655,000 bushels. - 82,170,492
"Rubber: The statistical position Branches: Canton, Tolahan, Shanghat, Hankow, Bangkok & San Francisco. continues to show some improve London Bankers: Lloyds Bank, Ltd, ment. Total salen:-200 lots
Foreign Exchange and Banking "Cotton: A good-sized, long In- business of every discription trans-terest in May cotton still exists and acted:
Current Accounts opened and Fized this is likely to prove an Important: Deposits received for One year
or influence in the near future. shorter periods at rates which will be quated on application.
Safe Deposit Boxes (various sizes) fez hire.
LOOK POONG SHAN,
Chief Manager
SAFETY FIRST!
To Safeguard Your Valuables and Jewelleries. Deposit them in a Vault
.that is really: FIRE PROOF
·BURGLAR-PROOF
$15,009,800.00 $6,500,000.00 300.00
HEAD OFFICRI-HONG KONG
OUR
SAFE DEPOSIT VAULT
focated
13, Vaux Road Contra
BOARD OF DIRECTORS:-
Bir 80-how, ChairmA. `-
Xose Chuu, Raq... K. Kwak, Ene. Went Taa, Jong Eng., Cha thing hak,
Mang Zeq., Wong Cr Roo, Eng, and Lan Tizr
Ein Tanj Po. Eng." Chated ManaPW.
LA The Fong Eng. Manager.
BRANOBE AND LQENCIES:—;
Mansla
Melbo
FARAPANE
New York Danka Parla
Boumbaya
Tarkow Kasolulu
Karlom London
PAKICE
Sydney Teikoku
Rangoon
Baigo
Fokyo
BAB Francis
Vancouver Ickobam
Palping
Svery in Bauble and Exohuugs bez tebojed Loans granted on approved
T
Daryosi
DAMP PROOF!
"Flash: Average daily petroleum |production for the week ended March 30 was estimated at 2,568,000. bar. rels. Weekly electricity production. totalled 1,718,000,000 kw.h., a in- crease of 2.8 per cent. as compared with the corresponding period of last year."-Reuter,
E. A. Pierce And Co's Report In their market report, the American Oriental Finance: Cor- poration, correspondents for Messra. E. A. Pierce and Company of New York state:
were
"Stocks: Utility issues steadler on a better feeling towards) on the Mestarine Floor of Legislation prospects. Our New building is Specially Con- scattered liquidation in other stocks There was
structed to provide all of these, Im-] portant Qualities.
on the List A
You may obtain 'a' Safe Deposit| "Grains: Corn was the leader in Box in this most up-to-date Vault for the advance in grain prices. There your own use at a very moderate HD-was considerable spreading between tal
wheat and corn. The advance : WIS Inspection Cordially Invited. THE NATIONAL COMMERCIAL due to decreasing stocks in terminal
SAVINGS BANK, LTD.
ports and reports of an improved [shipping demand in Chicago. Con Corner of Ies House Street and
Bumption in the interior is said to Des Voeux Road, Contral
be liberal in comparison with the amount available. Wheat derived its strength from corn. The firm
THE
Arcousin opsind in Love! AMERICAN EXPRESS COMPANY, foreign markets are attracting at
TO Find Deposite received for one sector periods is Local and Yordes Deracles
- teraz whisk will be quoted as spylítaníba,
Sais Depot Doces e Lei
EAN TONO PO.
Chief Mini
New York
INC.
Head Offer:-65, "Broadway,
Capital Surplus
THE CHINA & SOUTH SEA BANK, ven
Capital
Reserve
Branches
LIMITED
Flow bay
U.S.$5,000,000.00 .......... 2,087,112.09 *** 1,995,528.81)
BRANCHES:-
Glasgow
The Ungue Натаде Hamburg Hame Haldelberg Interlaken Zarusalem London Závorpaal
В
(Incorporated in China)
Avera
·Head Office
...Shanghai
Athena"
-$7,500,000.00
HALING
$1,500,000.00
Berlit
All Important Cities
in China
General
Bee Bria Cuire Calcutie Cable Colombe Copenhag Ishila Edinburgh Vicen Gabes
Moni
and Foreign Exchange Banking Business transacted.
Current and Saving Accounts opened! and Fixed Deposits received for one year or shorter periods at rates which
will be quoted on applicatios.
SOU Z. CHANG,
By Manager.
HONG KONG BRANCH:
24, Des Voeux Road, Central, Maasper's Office ... Tel. 63565 Foreign Exchange Dept.
General Omes
Cashier's Office.
38668
-88567
82569.
Learne
Mareellise Mneta Caria
بالمرق
No
Naples
"Pirbena
Parti Peiping Pala Rotterdam Встра 'Shanghai.
fontbarsplan Alagspart The Teorales Vissza Venice Tokohama
¡tention,
1.
(Continued on Page 10).
LOCAL DOLLAR STEADY
Silver Prices Improve
The local dollar ia steady, opening on demand this morning at 12/0.
.*
:
Silver prices advanced spot being quoted at 28%, and forward at 28 7/16.
The London on New York cross rate was quoted at £U.S.$4.80%, as compared with £-U.S.$4.80%, while the New York on London rate Branches of American Exprasa Com-Was quoted at £U.S.$4.81%, as com- pany in Principal cities of United Pared with S-U.S.$4.81. Etates of America and Canada.
All classes of Commercial Banking Kransactions undertaken.
Personal investment' accounti
THE YOKOHAMA SPECIE BANK handled.
LIMITED.
Established. 1888
The Company offers to intending Travellers the ass of its "Travelers Cheques" and Letters of CreditTM and, In addition, the world-wide service Capital (fully paid-up) Ten.100,000,000 fits thoroughly equipped Travel De
Yen.126,800,000 partment.
Reserve Fund -,.ko....
to YOKOHAMA
uncha and Agencies at:
Alexandria, ne? Batavia
New York
Bombay
Calcutta
elping
Rio de Jenstro -Ean-Francisco / Beattle Semarang
·Shanghai,
Singapore Soerabaya
EW. DUGGAN,
Manager,
RAW RUBBER PRICES
Latest Quotations From
Singapore
Messrs. H. B. Joseph and Com pany have received the following Straits currency quotations from Singapore for Raw Rubber.
Spot 18 8/4 down 1/4 AS July-Sept. 20 3/8 down 1/4- Oct-Dec. 21 1/2 down 1/47 Market: Stagnant et Selling price 1/8 cent higher
THE WING ON BANK all positions,
LIMITED
Head Once: Hongkong. 26, Dew Vorax Road Central, Authorised Capital $10,000,000
LONDON BANKERS
Westminster Band Ltd.
Foreign Exchange and every descrip tion et banking businesses, transa
Current Accounts 2 and
| Accounts Open
received
LOCAL SHARES.
TO-DAY'S QUOTATION
"CHINA - YEAR PRESENTS
OPPORTUNE MOMENT
(Continued from Page 1) BRITAIN. AS MEDIATOR" Britain should offer her services as mediator in the friendliest but on the understanding that she concerned was the only solution. : desired to know what was going on Lord Marley « contended it was
of the Washington treaties. We ||must revert to the principles of those ties. A frank and open discussion between the Powers
The following is the Hat of local confidence. share quotations issued to-day:
Reaks, k
H.K. Bank $1270 b., $1280 5. H.K. Bank (London) $1274 D. Chartered Bank $14%
Mercantile Bank A. & B. $811⁄44 n. Mercantile Bank C, 818% Bank of East Asle $85% n Am: 0. Finance Corp. Sh.$20. China O. Fin. Ord., Sh. $1.80 m Chine 0. Fin. Pref 8. $4% n. Insurances, Canton Ins. $260 / 190 Union Ins: 8415 b
China Underwriters $17 China Fire Ins. $400 . H.K. Fire Ins, $215
Douglases $39
HK Steamboats, $74 Indo-Chinas (Pref.), $30 m. Indo-Chinas (Def.). 838 'm.. Shells (Bearer) $52/6, n. Union Waterboats $11
div...
mi
realities not to take
NEW ADVERTISEMENTS
PUBLIC "AUCTION
PARTICULARS & CONDITIONS
by Public Auction
and have a band in the affair with only a desire to establish pence and purely anti-Japanese attitude, and to be held on MONDAY, the 8th said that until Japan began a coll day of April, 1985, at 3 p.m., at This was a good year to offer tinental policy, no nation had shown the Offices of the Public Works their Bervices, because it might he
redness to face the question Department. by Order of His Ex- Lady: Precious of handing over to Japan some of cellency the Governor, of one Los called a China year..
Sacrifices on the of Crown Land near Tal Lam Chung
JAPANESE DEVELOPMENTS
PARTICULARS OF THE LOT.
Biream" had been a success while its privileges: there was exhibition of Chinese part of other countries were notes in the Colony of Hong Kong, for pictures at Burlington House and saty
term of 75 years, commencing from 400 Chinese students visiting here
renewal at a Crown Rent to be axed should take back an impression of Possibly the Japanese have serlist July, 1898 with the option of eus further developments in view by the Surveyor of His. Majesty the Britain's friendliness,
We should attempt to bring about There was the possibility of the King, for one further term of 24 a reconciliation between China and development of a Mongolian empire years less the last three days
the which wanted careful watching. without exciting Japan
thereof. suspicions and hostility of other We should never get a satisfactory solution unleas we watched Powers
LARGE SUM, FROM JAPAN sympathetically and judged how Lord Newton, who recently visit far we could aid such developments. He added that the Labour Party ed the Far East, adopted a pro- Japanese, attitude and sald that would support a full discussion bo- and China were in consul tween all the nations involved, in- Japan tation,
cluding the Soviet. Such a con "My Information is that it isference must emphatically reiterate highly probable that the negotia that the Powers concerned had no tions will end favourably, more intention of continuation domina expecially because Japan is ready to tion or the exploitation of the
pay over a large sum to China by Chinese people
Mining. Antamoks 93 cts, sa Balatoes $48 nekol Baguio Gold 39 eta, n.-- Benguet Consolidated $14 n. Benguet Exploration 15 eta. n. Benguet Goldfield 10 cts, mộ Big Wedge 10 cta. n.
· Gold Creek 40 cts. n. Gold Rivers 11 cts. b. Ipo Mining $11⁄4 ¤. Itegans 42 eta. n. Salacots 16 cts,`n¡``. Kallan' (Single) $16/8 n. Langkats (Single) 8h.: $15 S'hai Exploration Sh. 35 z. S'hai Loans, Sh. $6 n. Raubs $6.15 n
virtue of some arrangement rela- FINANCIAL SITUATION ting to the Customs," he said. Lord Stanhope, replying for the The fear of Japanese absorbtion Government, said it was going 100 of China was an hallucination, Ja- far to say that China was financial pan was not in a position, finan-ly on the point of collapse. She cially or otherwise, to do anything had recently inquired if we would of the kind. Britain should do support her with a loan. The Gov-1 everything possible to facilitate ajerament had considered the scheme Sino-Japanese agreement and el-gympathetically and carefully, but minate the. League of Nations as had concluded that the scheme, as far as possible.
New York Stock Exchange will be found on Page 7. ̧*
The alternative method of crusade against Japan would lead to a war of the white man against the two Asiatic empires with the loss of our Eastern possessions.
Venz: Goldfield 25 n.
· Docks, etc. H.K. Wharves $90 b. Cum.' rté. H.K. Wharves ex right $904 NI.. -- H.K. Wharves right $10% b.,
11.
H.K. Dock $84. Providents (old) $1 n. Providents (new) 20 cts. n -Hongkewa Sh. $309, m
New Engineering Sh. 35-s. S'hai Docks Sh. $120.
Cotton Mills,
Ewo Cottons Sh. $8.50 m Shanghai Cotton (old) Sh.$74 n. S'hai Cottons (new) #45 n. Zoong Sings Sh. $9.80 n........ Wing On Textiles, Sh. $55, n.
Lands, Hotels, etc. HK, and S. Hotel $4.00 h, and sa. H.K. Lands $424/1⁄2 8m) H.K. Land 4% Debentures
102% n.
Shanghai Lands. Sh. $18 n. Metropolitan Lands Bh. $12.20 n. Humphreys 891⁄2 n
H.K. Realties $5.10 n. 2 Asia Realties "A". Sh. $100 në Asia Realtles "B" Sh. #15 m. Chinese Estates $90 m. China Renities Sh, $9.60 n. China Debentures Sh.$128.
Pablle Utilities Vie H.K. Tramways $18.35 b., $18.70
6., $16.70/8098
Peak Trams (old): $81⁄2 n. Peak Trams (new), 56 n.
Star Ferries $89 sa
Yaumati Ferries $22, n...
C. Lights $9.70 b., $9.85 aa. H.K. Electrics" 86434 b..
Macao Electrics $25 u Sandakan Light 88 8
PACIFIC AGREEMENT
proposed, would only "have a tem porary effect and therefore would not really benefit China.*
Britain had consuited the other countries principally concerned in the Far East and informed them of our action
:
When the report of the Chinese committee which was considering the general situation was received Britain and other countries, would consider It most sympathetically,
The Duke of Atholl said the best Lord Stanhope thought it un- plan was to leave. Japan alone to likely, in view of Japan's financial occupy Manchuria, for which she position, that Japan was prepared had paid handsomely in money and to grant a loan in return for various blood.
China would then have an exclusive rights and privileges. MEDIATION NOT ADVISED opportunity of pulling herself to
Referring to the mediation aug gether and taken vak
gestion, Lord Stanhope said he Lord Glasgow referred to the did not like mediation which us- boundary commission between China ually meant interference in and Burma and asked when it was quarrel, in which the quarrellers might combine to fight the media- going to start.
Lord Lamington urged that the tor. That was not the position moment was favourable for Britain, Britain wished to occupy. Japan and the United States th
Lord Stanhope doubted the utf- come to some, agreement regards lity at present of the proposal for the Pacific.
a conference and said the right
East
de-
*BELIANCE ON BRITAIN policy was to do what we have Lord Barnby deplored the sug- gestions that Japan was extending been doing without a great four- ish, of trumpets to try to bring her agression and domination. He about a detente between all the said finance was the chief point to countries Interested in the Far be considered and in view of Japan's many commitments in was
We warmly welcomed the unreasonable to suggest that she
tenta, between Japan and Russia. aimed at absorbing a large part of Similarly in regard to the sino China
Japanese conversations which were Lord Barnby urged, China to realise the necessity of reliance on both sides that if we could in any accurring we had made it clear to Britain and co-operation with Japan wise assist in casing the difficul and. said that if China and Japan ties or explaining the situation of collaborated it was reasonable to
one country to another we would expect Britain to do likewise and be only too glad to do so logic would invite the United States BURMA BOUNDARY CA to collaborate, also tes
Registry No.
Locality.
Bonadary
ft. about
per sale plan, L8,000
Everything
gone. BUT YOUR SAVINGS
RENT
FOOD
CLOTHING
HEAT
TAXES
WATER
CHITS
SAVINGS
SAVE SOMETHING.
START NOW
UNDERWRITERS SAVINGS BANK
FOR THE FAR EAST,
INC.
Life Building
Kong:
20284
140
Everybody in authority in China Is It Insured? ?
He said that, apart from "inge and Japan, he said, realised that politicians from California", nobody we were strongly of opinion that thought there was any fundamental it is to the interests of both China issue standing between Japan and and Japan to come to terms and the. United States, and added that in the interests of the whole
Telephone (old) $28.10.b $28 no reasonable person expected Japan world.
B&..
Telephone (new) 10 n China Buses Sh. $12.40 a. Singapore Traction 10/3 n... Singapore Pref. 20/6 m,
#Industrials Malabon Sugar $8% 1 Caid: Maeg. (Ord.), Sh. $16 n. Cald: Marg, (Pref.), Sh. $163 Canton Ices 3234;n. Cements $64 8., Converted, H.K. Ropes $2.60 m.
to recede from her present position, Referring to the Burns, frontier, and opinion in China, was rapidly Lord Stanhope understood that an changing towards a better under: exchange of notes to establish standing with Japan,G 189 boundary, commission, was exp
* DANGEROUS SITUATION led in a few days.
Lord Addington emphasised that the interests of China and Japan Reuter. were not necessarily conflicting, but the fact that they had clashed had
Caused a dangerous Bituation and
some other nation ought to mediate, for which Hed. Brit
WWE Stores, etc.
Dairy Farms $18.80 b.
Watsons $8,60 b
WAS
Lane, Crawfords $8,75 m.
Mackintoshs $21.
Sinceres $8
[Inte
Wm. Powells, 70 cts.
migh
Wing On (HK) 5105 m.
In th
THE SHANGHAI COI
H.K Amure
SA
hese im ant issues: mediate:
irisk of the eco
and
tha
debate then concluded
Insurance -- ANI: Clamos? : V LOWEST BATERANE: American Asiatic Underwrk
Fed. Ino, USA. 35) General Agenta
S. E. Levy & Co.
PRET:ICK HOUSE STREET
INVESTMENT "BANTERS A BROKERE-
too Britain
HENDERS
COTTON EXCHANGE
ANGE