BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION Authorized Capital .......
$50,000,000 Issued and Fully Paid-up. 20,000,000
Reserve Funds:-
Sterling € 0,500,000 Silver $10,000,000 Reserye Liability of Pro-
prietors.
HEAD OFFICE » BONGKONG, "
3', BOARD OF DIRECTORS,
8. H. Dodwell, Kai,
Chairman,
C. Knight, Esq.,
Deputy Chairman.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA." Incorporated by Royal Charter, 1885. HEAD OFFICE: LONDON
Semara Heroesban
Paid-up Capital
Reserve Fund
.68,000,000 .£3,000,000
20,000,000
Reserve Liability of Pro-
prietors
£9,000,000
Agencies, and Branches:
Low Blar
Bangtan
&miliar
Bairon
fangre
Betaria
Bombay
Cente
Kobe ww
Поторого
Turking
Madras
Colombe
Manila
Dythi
Kedar
Halpanagi
Raw York
Hamburg
Tingto
Harlow
(Paling)
Joh
Yokohama Zamboanga
W. H. Bell, Esq. K. S. Morrison Exq..
A. H. Compton Esq.,
M. T. Johnson, Esq.
Hon. Mr. J. J. Paterson,
G. Miskin Esq.. T. E. Pearce Esq.,
AMOT
BANGICK
MATAVIA
CALCUTTA
CANTON ONEPOO
LOMBO
STOCHOW
PRONG
HAMBURG
WANKOW
2 FFARDIN
ТОВСКА
KOTLOOK
3 M. Orybam, Dog.
Chial Manager.
BRANCHES-
KUALA LUMPUR LONDON
LYONB KALAGOA
MANILA
MUAR (Sphere)
MUKDEN
NEW YORK
PEIPING
PENAKO
RANOCN
BAN FRANCISCO
HAILION
RIANGHAT
RINUAPORT
ROGRADA ATANI
RUXUEL
TIENTSIN
TOKYO
TRINGTAO
TOECHAMA
Derrant Account opened in Local Durrency and Fixed Deposite received for our your or shorter periods in Local Company and Blerling, terms which will be qualed on suplication. Hong Kong, 6th April, 1935.
Harbin
Hose Long
Lumpur
Shanghai 645 pors Bitiawan Bourbay Tedrica Tienia Tengkak
(thukor)
Foreign Bushange and Comaral Banking bosinse Fresected.
Current Account opened and Fixed Depo |raosited for our pay a shorter periode at zalas
which will be. quote,on,,application.
"A. BREARLEY.
Manager.
Hong Kong, 1st, January, 1935.
SAFETY, FIRST |
To Safeguard Your Valuabled `and Jewelleries.
Deposit them in a Vault that is really: FIRE-PROOF BURGLAR - PROOF '
DAMP PROOF 1
OUR SAFE DEPOSIT VAULT
THE CHINA MAIL; THURSDAY, APRIL 18, 1935
Commerce and Finance..
LOCAL DOLLAR DECLINES
Silver Prices. Drop
"The local dollar declined, opani ing on demand this morning at 2/1
Spot silver has fallen 3/16 to 30%, while forward allver dropped to Bu
The London on New York crois- rate was quoted at £-U.S.$4.85, 25 compared with -U.S.$4.85, while the New York on London cross-rate advanced to -U.S.$4,851⁄4.
'NEW YORK STOCK
EXCHANGE
Reuter Quotations
April 17, The following quotations from New York have been received by Keuta
Last closu 10.20 11.00
HL86% 4.85% 4.65
Located on the Mezzanine Floor of Our New buliding is Specially Con- July 11.60 11.65 11.03 HONG KONG SAVINGS BANK tracted to provide all of these Im-
portant. Qualities.
Mby the BONO
abore Flak la concom
The fireOND AND STANOAT ANSING CORPORATION.
shine on application.
Kulee may be
TOR THE HONG KONG AND SHANGNAI BANKING COMPURATION
V. M, OBATBURN,
-Chief Minnes
Hong Kong, 25th February, 1995.
You may obtalo = Safe Deposit {Box in thle most up-to-date Vault for your own nes at a very moderate Reo- tal
Inspection Cordially Invited, - THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road, Central
LOCAL SHARES.
TO-DAY'S QUOTATION
The following is the list of local share quotations issued to-day:
Banks.
H.K. Bank $1170 p. ́ ́. H.K. Bank (London) £124"n. Chartered Bank $14 naa Marcantile Bark A. & B.. $81 m. Mercantile Bank C. £181⁄2 n. Bank of East Asia $851⁄2 n. Am: O. Finance Corp., Sh.$20 China O. Fin. Ord., Sh. $1.80 n. China O. Fin. Pref 8h. #4% ¤.
Insurances.
Canton Ins. 8260, n. Union Ins, $395 bi, $390 sa. China Underwriters $1.80 n. China Fire Ins, $400 n. H.K. Fire Ins. $215 saj International Assoe. Sh. $5 n.
Shipping.
Douglases $89 n. H.F. Steamboats, $74 n. Indo-Chinas (Prof.), $90 m. Indo-Chinas (Def.), 883 m.. Shells (Bearer) $53,9 n. Union Waterboats $11 n.
Mining.
Antamoks 98 ets. n. Balatoes $43 n. Baguio Gold 35.cts. n. Benguet Consolidated $14 mi.. Bengast Exploration 15 cts.. n. Benguet Goldfield 10 eta. n. Big Wedge 10 cts. p.
Gold Creek 40 cts. n.
n.
NEW YORK STOCK MARKET Pre-Holiday Lull In Business
SEASONAL · LIQUIDATIONS TAKING PLACE
SHIPPING CO. HIT BY DEPRESSION
(Continued from Page, 9)
CONSIGNEES" "NOTICE,
THE BEN LINE STEAMERS, LIMITED.
From LEITH MIDDLESBRO”, ANTWERP, LONDON
AND STRAITS,
The Steamship.
9/100!"
PA
on the Balance Sheet makes this. clear. Following the transfers in reduction of the Assets and £62, 000.0.0d. from General Reserve to b "BENLOMOND" Revenue Account the Reserve Ac Consignous of Cargo are hereby in- In their market report, Mesara counts now atand at:-General formed that all Goods are being landed, S. E. Levy and Company, corres- £88,000,0.0d. Underwriting £48,-ut their risk into the hazardous and/or pondents, for Messrs. White Wald 307.8.7d., and Special Repairs and extra hazardous Godowns of The Hong.
Kowloon
Godown Wharf & and Company, New York state: Renewals £15,181.7.4d, making a
from the whence and/or "Stocks: Some pre-holiday, liqui{total of £101,488.15.11d. **| wharves delivery may be obtained. dation was in evidence to-day and we
Sundry Creditors
No claims will ho admitted after the look for a quiet market for the "Sundry Creditors in China and Goods have left the Godowns, and all Goods remaining undelivered after the balance of the week. Business done: London amount to £174,604.17.48. 25th April, 1935, will be subject la 860,000 shares,
and include £26,352.12.1d. due to rent.
All claims against the steamer must "Grains: Fears of further rains the Hong Kong and Shanghai
be presented to the Undersigned on or In the South-West Indicated some Banking Corporation on instal-
before the 9th May, 1935, or they liquidation. Pre-holiday" profit-tak-jments paid during the year for will not be recognized. ing was ал additional influence the new steamer and £64,062.5.24. To comply with the General Bonded
Warehouse Country offerings of corn were due to the General Managers
Regulations consigness must have a Revenue. Officer in attendance meagre, while terminal supplies are advances, both of which are secur-when damaged dutieble goods are decreasing. Consumers were good ed by Mortgages on certain units examined. buyers. Total sales: Wheat,jof the Fleet as noted in the Bal-
All broken, chafed, and damaged 82,198,000 bushels Corn: 10,202,000 ance Sheet Sundry Debtors in Goods are to be left in the Godowns, bushels.
China and London stand at £122 where they will be examined on the 24th April, 1995, at 10. a.m., by "Cotton: There was some scatter 828.15.1d, including Agency Bal-Messre. Goddard and Douglas. ed liquidation in sympathy with the ances amounting to £62,41411.3d. easier whent market. The decline is and General of £25,496.19.88,, of Bill of Lading will be counter-signed likely to extend somewhat further. which practically all these sumos by,
"Rubber: Factories were fair have been received since the close buyers of actual rubber. We expect of the year."| better public support on declinea. "I do not think there is any- Total sales: 225 lots.
thing more in the accounts to he "Flashes: Average daily petro commented upon and I now beg to leum production for the week ending propose the following resolution: April 13 was estimated at 2,582,000 barrels, compared with 2,536,000 barrels the previous week. Weekly electricity production totalled 1,725, |000,000-k.w.h., an increase of 5.1 per cent. from the corresponding period of last year.
.
, *
"That the Report and Statement "ed including the transfer of 162, of Accounts as presented be adopt.
"000.0.01, from General Reserve Ac- count to Revenue Account and that "the sum of £676.0.3d. be carried for- "ward to next year.”
Sir Robert Ho Tung, seconded "The moisture received in the the resolution which was unani- grain belta is insufficient.
We remously carried.
The next business is the con- commended purchases on setbacks,
"Amongst stocks, Consolidated!! firmation of the appointment of Gas Company issues look higher Mr. M. T. Johnson as a Director Jover the week-end.
NY./Lon-
don
NY Cotton-
Oct.
.11.36 11.35 11.82
|N. Y. Rubber-
July Sept. C. Wheat
.11.90 11.82 11,88 .12.02 11.08 12.00
1.02%
1.02
*1.02
1.0ft
c. Corn
May
80%
80
W. Wheat
May
80%
€914
Gold Rivers 10 cts. n.
STOCKS:-
Ipo Mining $1 n..
Amer Smelt-
ing
37
37%
374
Itegans 42 cts. n.
21% 217
2144
Salacots 16 cts. n.
Du Pont
94%
04%
05
Head Once-Hong Kong,
DIRECTORS
"!
Authorized Capital
Bir bus Choe, Chaliman Loon Chun, Erg. FK. Kwok, Ess Tent, Esq. Chad Chng Bhak, Zaqy Sang Zag Wong Chu, Rag.
|Paid-up Capital
WADA
Total Rasvarces
$11,000,000 Ini Tel & Tel 8,655,000 Locw's Inc 32,170,492 Montgomery
Eire Bond. &
Share General
....
Kailan Mining Ad. $19/— n. Langkats. (Single) Sh. $16 n.
In
64
·6%
6
S'hai Exploration Sk. $5 n.
Motors
20
30
20%
74
7%
7%
S'hai Loans, Sh. $8 n.
107%
37
STA
Raubs $5% n.
Venz Goldfield $5 n.
Ward
LAX
2514
251⁄4
Kan
Yur
Docks, etc..
Nat Distillers Standard Oil NY Central
27%
274
274
15%
15%
15
NJ
41%
4114
-40%
32
32
31%
THE BANK OF EAST ASIA, LTD.
„Authorized Ompila!
Pudup Capital moon Motorre and Baditided Proble
Sajovia
Mambay Celeste
10.605.500,00 THE BANK OF CANTON, LTD. Con Gas NY
$1,498,12.60 ..$2,404,400,00
READ PICE –UONO. KONO
19, De Vaus Road Central,
BOARD LY
-
IM Toty Po, Exz. Chiat Maungw. 12 The Post. Begin Manager.
Siphong Hankey
BRANGERS AND AGENCIES:-
Manila Melbour
Napaski New York
Ouka
Bentle செலை Shanghai
Surabay Swobow Hiney Trick
Parla
Pelping
Homolka
Panne
Bạn nào
Kowloon
Frigog
Tokyo."
FAD Freccia
Valourer Tohokuma
Exalatge
Loans granted va append
Every description of Banking and
• A
souries,
Carson Arrouals opened in Local CurrONS and Fized lepottable for one you T Local and Foreign Cumpar
Wherer periods |
Established 1912.
Branches: Canton. Tolahan, Shanghai, Hankow, Bangkok & Ban Francisco. London Bankers: Lloyds Bank, Ltd.
Foreign Exchange and Banking business of every discription traXIN-
Current Accounts opened and Fixed) Deposita received for one year or shorter perioda at rates 'which will be quoted on application.
Safe Deposit Boxes (variona sisaa) fer hire.
LOOK POONG BHAN,
Chief Manager
тав
bekka will be quoted applicatio. AMERICAN EXPRESS COMPANY,
Safe Depot Bases To Les.
KAN TONG TO:
Chiat Maungu.
THE CHINA & SOUTH SEA BANK,
LIMITED
Incorporated in China)
Head utice...Shanghal
Capital
Reserve Branches
INC.
Head Office: 45, Broadway, New York
Capital ... Surplus Reserves
Kilonzon
US Steel
SAICHUEN CEMENT WORKS Machinery Installed In New Unit
Canton, to-day. The second unit of the Saichuen Coment Works, which was added in order to increase output to meet the growing demand.for cement, has been entirely completed and' machin. 1,996,628.31ery which cost over 12,000,000 has been installed. It was put into operation yesterday.
..U.8.$6,000,000.00 2,097,112.49
BRANCHES:—
The lingus
HIVAGE Kambary BATH
.37,500,000.00
Arrierkam Autwory
.$1,500,000.00
AMEN
All Important Cities
Beale
Berile
Bombay
Brussels
Calre
Calcutta Cannes
Heidelberg Interlaken Jerunala London Liverpool
Ingine
In China
and General Foreign Exchange Barking Business transacted.
Current and Saving Accounts opened and Fixed Deposita received for one Bear or shorter periods at rates which will be quoted on application.
BOU Z. CHANG,
Manager,
HONG KONG BRANCH: 21. Des Voeux Road, Central Manager's Office ....Tel. 33556 Foreign Exchange Dept. 28648 » BEEST
General Offes
Cambler's Office
28550
THE YOKOHAMA SPECIE BANK LIMITED.
Established 1880
Capital (fully pald-up) Ten.100,000,000 Reserve Fund
Yen.125,800,000
Head Officer--YOKOHAMA
Branches and Agencies at:
New York
Alexandria
Nagasaki
Batavia
Nagoya
Berlin
Bombay
Calentta
Canton
Osakk
Paris':
Pelping
Datre Maksion): Rio de Janeiro. (Dalpy) Rangoon
Hamburg
Hankow Harbin
Hoa Long
Honelala
Hainking Karach Kobe London Zoa Angelas Manila
San Francisco Seattle
Singapore Roerabaya Sydney Tientaln Tokyo Yingkow
Tringtan
Colombe Copenhagen Tabita
FixPende Gobars
Ydinbury'k Monte Carlo
Mani Menich Montreux
Miles
Naples Pira Parks Peipin
Rotterdam Rims Shoghal Boulangen Варан 7sormias
Viess Venice Tokokume Eurich
Branches of American Express Com In Principal cities of Walted Btates of America and Canada.
nany
All classes of Commercial Banking| Transactions undertaken,
Personal investment accounts handled.
The Company offers to intending Traveller the use of a “Travelers Cheques" and Letters of Crédit and, addition, the world-wide services its thoroughly equipped Traval De partment.
E. W. DUGGAN,
Manager,
THE WING ON BANK
LIMITED
Head Ofee: Hongkong.. 26, Des Voeux Road Central.. "Authorised Capital 210,000,000:
LONDON BANKERS- Westminster Band, Ltd, Foreign Exchange and every descrip tion of banking businesses transacted. A Current Accounts and opened.
་
Fixed Deposits received at rates which will be quoted on application. Special rates given Or Creat As Special deposits, FERNAN Trusteeship and Executorship nader Deposits reostred for fixed farleda taken. Safe Deposit Boxes for hire. rates to be obtained on application. Wattage. PHILIP GOCKCHIN:
G. KISHINAMLKET BET Chief Manager by us
Prime Manager, L. GOOKCHIN SHU FONG Long 11th March 1983 Amat.- Maringu
* Asst. Manager
In view of the fact that more stones as raw material are wanted hereafter, the Cement Works have. petitioned the Reconstruction De- partment to take back the stone mias in Fa-shu-yan,. Tingtek County, which has been leased to merchants. It is estimated that $8,400 mining expenses will be saved if the enter prise is run by the Government it kolf.
The second unit is capable of pro- The total daily output of the factory is ducing 1,500 barrels daily.
3,000 barrels.--Central Press,
RAW RUBBER PRICES
Latest Quotations From
Singapore
Messrs. H. B. Joseph and Co. have received the following Straits Cur- rency quotations from Singapore for Raw Rubber,
Spot 19 % down . July-Sept. 20 % down 1⁄4. Oct-Dec, 21% down
Market: Dull.
Selling price cent higher on all positions.
THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED
(Incorporated in China).
Capital paid up85,000,000 Reserves RINGTET,000,000,!! Gapital: Savings Dept., $600,000, Reserve Savings Dept. $600,000, 256 Head Off¢6-Shan
A Bank having na ita misai industrial development at and the fostering of her cial relations abroad. Hong Leng office!!/7 Yes Homes
H.K. Wharves $90 p. Cum. rts.
H.K: Wharves ex right $90 n.. HK. Wharves right $10% n... H.K. Dock $94. Providents (old) 81 n. Providents (new): 20 cts. p.
* Hongkews Sh. $809. n.
New Engineering Sh, 85 a. S'hai Docks, Sh. $120
Cotton Milli ?
for
of the Company, occasioned
E. A Pierce And Co's Report through the departure from the their market report, the Colony of the Hon." Mr. C. G. S. jAmerican Oriental Finance Cor. Mackie," continued the Chairman.
poration, correspondents
"The latter served on this Board Messrs. E. A. Pierce and Company for a considerable period and the of New York state:--
Directors will miss the benefit of "Stocks: The market was sub his wise counsel during these dif jected to a teat on the news that ficult times. I am sure, therefore, the Chicago and North Western you will all join with me in wish-
(Continued on Page 10).
ing Mr. Mackie and his wife a long and happy retirement (applause).
COMMODITY PRICES
Mr. Johnson's : Appointment Mr. F. C. Hall., proposed, the ¡[confirmation of Mr. M. T. John- The following quotations have son as a Director, and this was been received by Reuter.. New York Cotton:-
May
Ewo Cottons Sh. 88.80 n. Shanghai Cotton (old) Sh.868 1. July S'hai Cottens (new) 342 n. Zoong Sings Sh. $9.80 n. Wing On Textiles, Sh. 355 n. -Lande, Hotels, eie. H.K. and S. Hotel $4,40 s*. H.K. Lands $89 b H.K. Land 4%
102% n.
Shanghai Lands, 8h. $18 p. Metropolitan Lands Sb. $12.20 n. September Humphreys: 39.40 n H.K. Realties $4.85
October Ex. div. December
January
ésla Realties: "A"; 8h, $100 n. Asin Realties "B" 8h. $15 n. Chinese Estates $90 m... China Realties Sh, $9.60 n. China Debentures Sh.$123 a.
Public Utilities
Apr. 16. Apr. 17|
No Fire Insurance has been effected.
GIBB, LIVINGSTON & CO., LTD.
Agents Hong Kong, 18th April, 1935.
||seconded by. Mr. T. R. Macdonald,
Mr. B. T. Williamson; and. MỀ M: Ka T. Johnson, the retiring Directors,
gone.
20 BEEN SEBENAR SEMINAR ÍS
Everything BUT YOUR
SAVINGS
RENT
FOOD
CLOTHING
HEAT
TAXES
WATER
CHITS
SAVINGS
SAVE SOMETHING
START NOW
Closing Closing were re-elected on the proposal of UNDERWRITERS
Mr. Chan Wing and seconded by Mr. N. L. H. Railton.
Mr. Murdoch proposed that Mr. 11.30 John Fleming and Mr. A. Ritchie
be re-elected auditors of the com 11.75pany for the ensuing year at a re- muneration of $6,000, This was seconded by Mr. H. W. Dulley and
SAVINGS BANK
FOR THE FAR EAST, INC.
Asia Life Building
Hong Long
Tel. 80284-
12.20 UNDERGROUND CAR 20 BESAR 20 BENIN 20 MONEN 20
PARKS
11,59 .11.43
11.66 11.52
October
11.35
11.20
December
11.45
11.26
Jan. (1936)
11.46
March
11.67
11.39
Spot
11.90
Debentures New York Rubber:-
May
11.80
11.74 unanimously passed.
July
11.90
11.85
12.02
11.96
12.08 12.03
12.28
12,37
12.27
Chicago Wheat:-
May July
102%
102
9994
September
1021⁄2
100%
| Chicago' Corn:——-
May
8914
89%
July
88%
827%
September
78/2
78%
+
Winnipeg Wheat:-
May July
8934
.805. 90
New York Sugar?----
May July Sept.
H.K. Tramways $1474 8. Peak Trams (old) $81⁄2 m. Peak Trams (now), $6 n. Star Ferries $80 n. Yaumati Ferries $22 m. C. Light $9.40 b.. H.K. Electrics $64 88. Macao Electrics $25 n. Sandakan Light $75. Telephone (old), $22 sä,
· Telephone (new) $10.10 n. China Bases Sh. $12.40′n. Singapore" Traction 10/8 n. Singapore Pref. 20/6 p.
** Industrialges Malabon Sugar 38% n Cald:' Macg, (Ord.), 8h. $16 s. Cold: Macg. (Pref.), Sh. $16 n.. Canton Ices $23⁄41⁄4" n.V Cements $81⁄2 n., Converted. H.K. Ropes $2,60 m.
Stores, etc.
Dairy Farms $17% ca. Watson $8.70 Ex. div. n. Lane, Crawfords $31⁄2 n. Mackintoshs, $21 n. Sinceres $8 n. Wra. Powells, 70 cts, ni Wing On (H.K.) $105 m Ang Miscellaneous,
HI.K. Amusements $1.85 n. Entertainments $8.40 n. S. C. Enterprises. Marao "Greyhounds”: 32 m.): Constructions: (old), $140 80, Construction (new) 45 ete. By Vibro Piling 35 nov Ch: Govt 5% 1925 G$Bda.—
HK. Govt, 4% Loan, 6%% prem
HX. Gort 8% Loan 2% prem.
Wallace Harpers 38.1.
100% Leeds Talks. Over New
No. 1 No.3 No. 1 No. Con. Con. Con. Con 2.39 281 2.34 2 2.40 2.38 2:422.40 2.46 2.48 2.48 2.40 Dec;
2.53 2.49 2.55 2.51 Jan. (1986) 2.43 2.35 2.45 2.80 New York 8IIK:-
May July
1.84
1.321 1.33% 1,32
September
1.88
1.30%
Montreal Silver:
May
July
September
67.85b 67.65ti 69,00 * 68.15t 68.70:88:85t
·70,000, t-traded
December
· 70.05
b-bid
Is It Insured? ?
Insurance All Classes LOWEST RATES
American Asiatic Underwriters Fed. Inc., USA. General Agents
Hord Ofice 17. The Band Bhanghal
Scheme
It was asked at a Leeds - City Council meeting recently whether
the Corporation could make s
ז '
UPTON SINCLAIR TRANSLATION
Japanese Given Rights
Free
Mr. Ryo Namikawa, saya a Rengo
charge for car parking in the despatch, has been given the rights streets and whether underground by the author, to translate his parks might be provided, but the book, "Upton Sinclair Presents. Town Clerk made it known that William Fox," into Japanese
The book is an exposfiton of they had no power to make any such charges. Underground car Hollywood and high finance and parks could be made however, if the translation rights of it has the council obtained the necessary been given free to Mr. Namikawa,
who is borrowing power.
an employee of the Japan Broadcasting Association:
S. E. Levy & Co.
7, ICE HOUSE STREET"
„INVESTMENT BANKERS A BAROKERS"
#RMARRA
"NEW YORK COTTON EXCHANGE
COMMODITY EXCHANGE, ING. N.Y,
CHICAGO, BOARD OP 'TRADE
CANADIAN COMMODITY: EXCHANGE, INC.