BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
a-jetors
Reserve Liability of P
HEAD OFFICE: "BONGKONG_». - BOARD OF DIRECTORS..
~# Dodwell, Erqu
Chairmak,
C. C. Knight, Eng.
Decru❤ ChairTIT.
J. A. Plummer, Esq.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1853. HEAD OFFICE: LONDON
Authorised Capital
Issued and Fally Paid-up.
$50,000,000 20,000,000
Reserve Funds
Sterling
£6,500,000.
Silver
$10,000,000
Paid-up Capital
£3,000,000
Reserve Fond
£9,000,000
20,000,00
Reserve
Liability of Pro-
prietors
£3,000,000
Agencies and Branches:
Baño
I
Bagnos Saigon
Karmell
Hon Mr. W. H ̈Bell,
Bombay Ontouko Contem
Kobe
Lampar
Xumbing
A... Compton Est-__
Cabo
Vadres
Sourabaya. Taipine
Johnson, Esq. M 1. Hon. M. J. J. Paterson,
Colombe
,
G. Miskin Esq«
1. E. Pearce Esq.,
New York Parting
B)
T. M. Graybarn, Jong-
Chief Manage
Kanker Furbin Hong Long
+
(Pong)
Migh
Toboho Zamboang
BRANCHES :—
KUALA DUMPUR LONDON
FOOCHOW RAIPHONG
SAMATING
LYOXS
MALACCA
MANILA
NCAR Jobore)
YÜKDEN
NEW YORK
PEJTING PENANG BANGCOM
MAGON
SANFRANCIS500
SHANGHAI
SINGAPORE
NXTRASIZ
RUNGEI PAZANI
TIENTSEX
TSINGTAO
SANDOW
Както
ZTWORK.
INDE
FOWLOON
TUETO
TOKOHAMA
܀
or
Aumeitene
SENDAMLINE Surebam Rhangbai Finespor
Zories Zuchungs and Qvaaral Banking" but Captract docente oposed and Fixed Depot
rested for one year we abochon naciaka as Taboo which will be quoted, an uppnation.
A. BREARLEY.
Manager Hong Kong, 1st January, 1935.
41
THE BANK OF CANTON, LTD. Established 1912-
Head Office:--Hong Kong.
Authorised Capital
Paid-up Capital
$11,000,000
THE CHINA MAIL, WEDNESDAY, MAY 22, 1935
Commerce and Finance..
LOCAL DOLLAR
DECLINES
Silver Prices Fall
The local dollar has declined a further opening on demand this morning at 2/44.
Spot silver fell 1/6 to 3334 and forward to 33, 15/16.
The London on New York cross- rate was quoted at £US4.90%. as compared with £-US$1924 while the New York an
quoted don cross-rate. was
US$190, as compared with U.S.S4.91.
EXCHANGES
TO-DAY'S QUOTATION
Test Account opened in Lon! Charney
obresar periods in Local Company SMĚ
•*. faezza whics will be quoted as saplastico.
Hong Kong, 7th May, 1935
HONG KONG SAVINGS BANK.
Total ResoŚLICHE
Branches: Canton, Tolshan Shanghai On Singapore-- Hankow, Bangkok & San Francisco.
On demand London Bankers: Boyds Bank Ltd.,
Banking On Japan- Foreign Exchange and business of every discription trans- acted
Current Accounts opened and Fixed Deposits recet red for shorter periods as rates which will be quoted on application.
Safe Deposit Boxes (various sluss)
LOOK POONG SHAN,
"The-Bericene of the shove Bank he wondbart at the BONG TONO AND SHAFGEL BANKING CORPORATION
be
ab application.
1-In Chan Eng (
LT
Lon-
at
LOCAL SHARES.
TO-DAY'S QUOTATIONS
The following is the list of local share quotations issued to-day
Baaka
NEW YORK STOCK MARKET
Little Noticeable
Change
STILL AWAITING BONUS BILL DECISION
COLONY'S TRADE?
STATISTICS
Figures For First Four Months Of 1935
IMPORTS UP: EXPORTS DOWN-
NEW ADVERTISEMENTS
ANNUAL EXAMINATION FOR ENTRANCE TO CLASS 3 AT QUEEN'S COLLEGE OR KING'S COLLEGE, 1995
1. Applications from Candidates The Statistical Office of the attending non-Government Schools În them market report, Messrs. Imports and Exports Depart should be made on forms which can 5. Levy and Company. correment reports that the combined be obtained from the Education pondents for Mesers. White Weld values of imports and exports of office on and after Saturday, 1st and Company, New York, state-merchandise during the first four June. These should be completed "Stocks Little change in mar months of 1935 amounted to and forwarded. to the Inspector of EK Bank $1000 b, $1010 sa ket conditions were witnessed to $229,600.000- ($22.100.000), as Schools, Education Department, on. HA Bank (London) #12314 0.
day pending President Roosevelt's compared with $231.900.000 before Monday, 10th June. Chartered Bank £14% n.
Message on the Patman Bonus! (£17.200.000) in the correspond-j
2. The application form must be Mercantile Bank A. & E. $31— Lİ BİL Business done:-1,140,000)ing period of 1931. representing signed by a Head Master, who will Mercantile Bank C. £134 m.
a decrease of one per cent. in certify that the candidate is a bona Bank of East Asia. $31. n. .” Grains: The market is show-terms of Hong Kong currency e pupil of Class 4 or equivalent resistance temporarily and an increase of 28.5 per cent standard, that his conduct has been Am: 0. Finance Corp, Sh.$15 Bing some China O. Fin. Ord, Sh. $150 a. and we would suggest purchases in terms of sterling values. China O. Fin. Pref. Sh. $4 L. Insurances.
Canton Ins. $215 m. Union Ins. $315-se
China Underwriters $1 L China Fire Ins. $400 n. HA Fire Inst $200 n. International Assce Sh$44
Shipping.
Douglases $3874-82 H.K. Steamboats $4 n. Indo-Chinas (Fref.), 580 m. Indo-Chinas (Def), $33 #. Shell (Bearer) 70/- - * Union Waterboats $114 n.
Mining
Antameks 63 cts. n.
Balatoes. Šot 1. Baguio Gold 21 cts. D. Benguet Consolidated $11 E. Benguet Exploration 10 ets the Benguet Goldfield 10 cts. n.
shares
on setbacks for moderate
Imports of merchandise during satisfactory, and that be is under Total sales Wheat:-20,999,000) the first four months of 1935 18 years of age on 1st September," bushels; Carn:-7,342,000 bushels totalled $129.300.000 (£12400,000) 1955.
3. There will be preliminary -Cotton-With prospects of bet-as compared with $127,900,000)
ས
ter weather conditions, we would (59.500.000) in the corresponding Tests in both English and Chinese for which candidates confine purchases to declines. period of 1934: an increase of 11 Dictation
"Rubber-An usually reliable per cent in Hong Kong dollar should present themselves at Ellis estimates that the first five months values and 30.5 per cent in sterling Kaloorie School, Hospital Road, on Friday, 21st June, at 9:30 am. world crade rubber shipments values.
Candidates' failing to
the satisti Merchandise Exports were about 95,000 tons below the corresponding period of 1934. We Exports of merchandise during Examiners in the Dictation Tests think that bullish factors warrant the first four months of 1935 will not be eligible to take the re-
Examination of the Total totaled $100,400.000 (£9,600,000),mainder constructive attitude.
--- Compared with $104.000.000 Names of candidates who have E A. Pierce And Ca's Report - |(£7,700,000): a decrease of $5 per satisfied the examiners in the Dic- In their market report, the cent. in Hong Kong dollar values tation Tests will be posted outside American Oriental. Finance Cor-and an increase of 247 per çent, in Ellis Kadoorie School, Hospital poration. correspondents for sterling values.
Road, on Saturday, 22nd June. Messrs. E. A. Pierce and Company During the month of April, 1935, 4. The remainder the exami· ·
imports of merchandise amounted nation which comprises Chinese,
sales-298 lots-
of New York state:-
"Stocks: The market was evident-to a total of $32,000,000 (5,400,- English Grammar and Composition ly waiting for the Presidential 000) as compared with $22,100.000 Geography, Arithmetic, Algeble and Veto Message regarding the Pat-(2,300,000), in April, 1934, a dollar Practical Geometry will be held at (Continued on Page 7) man Bonus Bill and little beadwar was made either way. Lower grade issues were prominent.
[Continued on Page 10)
COMMODITY PRICES
The following quotations have been received by Eexter.
May 20. May. 21. Closing Closing-
On London-
On TT, and demand
-2247%
4 months sight
Credits months" sight
8,655,000 On Shanghai— 32170,492 On demand
141
101%
On demand
2014
On India
On T.T. and demand
157
FORT OF
On New York-
On demand
58%
On credits 60 days sight 60%
Big Wedge & cts. I
On Batavia-
Gold Creek 30 cts. n.
Chief Manager.
On demand
86
Gold River 7 cts, m.
On Paris-
On demand
885
Ipo Mining 85 cts.
Credits 4 months' sight
935
Itogans 30 cts. a.
Salacots 12 cts. n.
¡On Saigon
On demand
8874
On Manila
On demand
11614
On Bangkok...
Kailan Mising Ad: 18/3 n. Langkats (Single) Sh$14 2. S'hai Exploration Sh.34 Shai Loans Sh$5. Raubs $4
On demand
788
Venz: Goldfield $5 n.
DAMP PROOF!
Sovereigns bank buying rate.
Docks. etc.
OUR SAFE DEPOSIT VAULT
2/52%
Bar silver per oz.
3334
Our New building is Specialty Con-Bar Silver In Hour Hong..Nom xtracted to provide all of the Im Copper Cash portant Qualities.
HK and K. Wharves $85 21
Cam. rts.
Copper Cents
-par
Rate of Native Interest ...3% pa 274 dis Chinese Sub Coin
-par.
HK and K Wharves ex right New York Cotton:-
$84
May HK and K Wharves right $82 July
11.98 11.96
12.03 12.04
October December
11.82 1178
11.88 1181
Jan. (1936)
March Spot
11.93 1188 11.96 1191 12.40 12:40
New York Rubber:-
May
12.144
12.38
July
12.232
12.45
September
1235 12:56
October
12.41
12.63
Curren
December
12.55
12.30
J
which will be quoted an appbandon. Bade Deposit Bow Is Le
KAS TONG PO.
INC.
NY/London.
January March
12.64
12.86
12.79
12.038
Chief Mage,
Head Offee-65, Broadway, New York
Capital
US$6,000,000.00
N.Y. Cotton
July Oct N.Y. Eubber
July
·
12.03 -12.01 12.00" 11.92 11.31 11.80
Chicago Wheat:-
May
8934
EK. Lands 4% Debentures 100% July
90
2.087112.89
Sept
12.35
1214 12.18 12.2
September
December
1.995.528.31
92%
89 90% 91 9374
C. Corn July 2%
Metropolitan Lands Sh. $10 mi
Chicago Corn:—
W. Wheat July 87
Humphreys $83/4 3.
May
$9
Genos
Milna
STOCKS:
HK Realties $434 D..
July
$234
$838 81%
Autwory Athene
Giangin
Fios.
Amer
45 Smelting
45
45%
The Hague
Con Gas NI
23
22
9014
Asia Realities “A”, Sh* $75 1.
September
764
75%
General
Beding Barth Bombay Bestden Brunanka
Paci Palpaking
Da Port
98%
99% 200%
Asiz Realties "B" Sh. $10 n.
December
67%
66%.
Elec Bond & Sh. 67
6%
6%
Chinese Estates $90 m.
General Motors 31% Ist: Tel & Tel
Winnipeg Wheat:--
31%
31%
Ching Realties Shi #7 n.
Catro
Clem
Southampton
Chak Colanha Copenhag Dubin Flobergh Jurma
Lese
Inbraakna
7 39% Loew's Inc. Montgomery W. % Nat Distillers 26
8/4
May
8574
85%
China Debentures Sh.$123. 1.
40
Maraudine
* Monte Carlo”-
Xanla
Yokohama
Kasick
N.T. Central Standard Oil NJ 46% U.S. Steel
41 262 261 -26264 16.16% 16
473% 47 34% 34%
July
87
86%
Publie Utilities
New York Suzar:—
Montreux
WE HONG KONG LID SHANGHAJ BANKING CORPORATION
V. M. GRAYBURN
Hong Kong, 25th February, 1935:
THE BANK OF EAST ASIA, LTD.
Basbecised Capital Paldrop Capitai
-925,800,000.00
Beers and limdivided Protre $3, 134, 900.00
HEAD OFFICE:—HONG KONG
FORx Boat Cent
BOARD OF DIRECTORE:---
Bur bibowover, Chuir
'I Kwok In Won
The Tong, Eng., Chana ing Shok. Leg. Id. Ins
SAFETY FIRST:
-To Safeguard Your Valuables. and Jewelleries. Deposit them in a Vault
that is really:
FIRE-PROOF
BURGLAR-PROOF
20 Kong Cho Jing and Tan Yar located on the Mezzanine Floor
La Toog Po.. Esq. Chlef Muangor. BRANCHES
For Emq... Kasagat.
Semestan Shangh
Sydney
· Brury dauertption at Barking and ett
Loungiel en approved
• Currane Accounta ・apaavd in Lil We Fail Depot unived for
You may obtain a Safe Deposit Bax in this most up-to-date Vanit for your own man at a very modëzate Ben- Inspection Cordially invited: THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road, Central
Hong Kong Sub Coin
NEW YORK STOCK EXCHANGE
Reuter Quotations
serier, Bacode is Lacal and Foreign Corner AMERICAN EXPRESS COMPANY ceived by Reater
May 22. quotations were re-
·10.20- 21.00 4.91% 491 497%
HK. and W. Docks $94 2. Providents (old) 80 etx: n... Providents (new) 20.cts. IL Hongkew Sh. $2674 m. New Engineering Sh.$5 n. S'hai Docks Sh. $110 x
Cotton Mills.
Ewo Cottons Sh. $8.30 ·n. Shanghai Cotton (old) Sh.$70 n. Shanghai Cottons (new) $43 a. Zoong Sings Sh. $91⁄2 n Wing On Textiles, Sh. $55 2.
Lands, Hotels, etc.
HR and S. Hotels $1-b." HK Lands $33
Nagmada
New York
Ceska
Paria
Pripics
Pasang Bangonts
Saigon
Francis
Tokyo
Yokohama
Exolunga
THE CHINA & SOUTH SEA BANK, Surplus
LIMITED
(Incorporated in China)
Head Office. Shanghai
Capital
Beserve
Branchem
~$7,500,000.00
$1,500,000.00
All Important Cities
in China
and Barking Business transacted. -
Foreign Exchange
Current and Saving Accounts opened and Fixed Deposits received for one year or shorter periods at rates which will be quoted on application.
SOU Z CHANG, -
Managua HONG KONG BRANCH 24, Des Voeux Road, Central.
Tel. 88565 Manager's Office
Foreign Exchange Dept. General Orice a Cashier's Office
W
•
25567 23569
THE YOKOHAMA SPECIE BANK
LIMITED.
Patablished – 1880
Capital (fully paid-up) Yen.100,000,000 Reserve Fund..
Yen 125,800,000
Head Office:÷YOKOHAMA
Branches and Agencies st:
Alexandria
Batavia
Nagasakt Nagoya
New York
Bombay
ONL
Paris
Gaston
Peiping
(Dalzy) Rangoon Zengtien (Mulden) Rio Jo Jensize
San Francisco
Rankow Harbin
Tobe
Shanghai Singapore Soerabaya
Reserves
THE
BRANCHES:
Haraca Hamburg
Heidelburg Interinken Farmerieco Todes Literpod
Location Laugabe
Eme
Zingsperi Decido
Branches of American Express Com- pany In Principal cities of United States of America and Canada.
All classes of Commercial Banking| Pransactions undertaken
Personal investment accounts! Chandted..
Fyze
Company offers to intending Travellers these of its abravaleta Chegues" and Letters of Credit and,
addition, the world-wide services. its thoroughly equipped Travel De- partment.
The following
close
C. Wheat July 90
3436
THE MERCANTILE BANK OF INDIA, LTD.
*EZAD OFFICE:
18. Bracktrak Street, London, Z.G.S Authorised Capital 143,000,000 Subscribed Capital 1,800,000 Paid-up Capital
..... 1,050,000 Beserve Fund & Eest. 1,247,432 "The Bank of England z Midland Bank, IL. BRANCHES:
BASILNS:
I206-
Kandy
Bangkok
Bombay
Calestia
Jachi
Colombo
Kota Bharu
Dalid
Kusin Läpin
Kuala Lumpur
Hang Long
1- Eleurs
E. W. DUGGAN,
Manager
See Jack,
Port Louis
(Manridus) „Bangoon Shanghai
Kunetan (Padang) Skanda Kačení
Sugges
•BOSO RONG BRAKCH.
recy distiption af Banking sol. Lazimatge disź- Trolley Chograms. Imani.
Trustee and Executorships, under- taken
THE WING ON BANK Deposite at Katie Jast way be amourained
LIMITED
Head Office: Hongkong. 26, Des Voeux Road Central. Authorised Capital $10,000,000
LONDON BANKEES Westminster. Band, Lil Foreign Exchange and every descrip tion of banking businesses transacted. Savings
·Current: Acromis and Accounts opened. Fixed Depostis Ireceived ‘at zates which will be
application Special rates
Trusteeship and Executorship under received for fized periods taken. Safe Deposit Boxes for hire.
king*
Sydney
Tokyo Tsingtas Tingkow
Landon
Los Angula
allowed on Ostraat Ao-Special deposits,
to be obtained on application. C. KISHINAMEN
PHILIP GOCKCHEN Chief Manager.
Manager L. GOCKCHIN-
JAmt. MazagIE
ang Zong 11th March, 1985.
quoted
LËSEU FONGİ Asst. - Managen?
INTEREST allowed of. Cernmei. Advocachi - and
on applivation.
1. Queen's Road Canten),
Hong Kong, lit April, 1935."-
THE SHANGHAI COMMERCIALİ
& SAVINGS BANK LIMITED. Uncorporated in China) Capital paid up $5,000,000. $7,200,000, Reserves Capital Savings Dept. $500,000, Beserve Savings Dayt: $500,000.
1 Head Offen-Shanghai ( A Bank häving na itu seinaiom thế? Industrial devalogament › of" Chlon. and the fostering of her commende cial relations absonderlich Hong Kong office-7 Les Homme $4.
Shanghai Lands Sh.$201⁄2
HE. Tramways $1214 IL Peak Trams- ́(old) $31⁄2 1. Feak Trams (new), 36 1 Star Ferries $77 5. Ysumati. Ferries $20 n. C. Light $8.30 6., $8.20. b. HK. Electrics $59 s. and sa. Macao Electrics $2311⁄2 n. Sandakan Light $6 x. Telephone (old) $19 = Telephone (new) $8% s China Buses Sh. $1134 2. Singapore Traction 10/6 b. Singapore Pref. 22/5 b.
Industrials Malabón Sugar $31⁄2 1- Cald: Macg. (Ord); Sh.#1932 n. Cald: Macg. (Pre£), Sh.$13 1. Canton Ice's $1.80 m.
Cements $6.20 s. Converted.
HK. Ropes $2 1.
Stores, etc.
Daily Farms $14 ̊ n.. Watson $31⁄2 =
Lane, Crawfords $31⁄2 n. Mackintosh" 39 n." -Sinceres $8.
90*4
No. 1 No: 3 No. 1 No.3 Con: Con. Com. Con 2431 243m 2.47a 2.44n 247 246 2.47 2.46 2.55 251 255 2.52 2.62 2.57 2.63 2.58 Jan. (1936) 246n 2.39 2.46n 2:40 New York Silk:-
May July Sept.
Dec.
May
July
September
19.30 am on Tuesday, 25th Jane, jand at 8.30 am, on each day from RAW RUBBER PRICES Wednesday, 26th June til Saturday,
29th June, both inclusive.
Latest Quotations From Singapore
Messrs. H. E. Joseph and Co. have received the following Strafts Car rency quotations from Singapore for Raw Rubber.
Spot. 20. up % b, 201⁄4 5. July-September 21s up
5 The paper in General Come position will be designed to test the pupils' command of English and their, ability to express themselves adequately on simple, general topics. The paper will include one question on World History.
6. A limited rumber of Scholar ships providing free education for by three years at one of the above schools may be awarded to candi- Oct-December 22% up b., 22% cates who reach a sufficiently high
0134 £
Jan-March 23% up 1⁄4 b.. 233% Market:-Steady.
REVENUE RETURNS-
IMPROVE
British Exchequer Figures
London, To-day-
standard.
"
G. R. SAYER, Director of Education.
CONSIGNEES NOTICE.
THE KEN LINE STEAMERS, LIMITED.
From LETTH MIDDLESERO", ANTWERP, LONDON
AND STRAITS,
Steamship.
*BENARTY":
The Exchequer returns for the past week show that the total or-he dinary revenue for the currentl financial year to date amounts" to||
Consignees of Cargo (are hereby in- £80,957,761, 25 compared with formed that all Goods are being landed 78,133,517, at the corresponding at their risk into the hazardous and/or rate last year. The total expendi-extra hazardous Godowas of The Hong ture exclusive of self-balancing Kong and Kowloon Wharf & Godown Co., Ltd, whence and/or from the items amounts to 538,337,164 Awharves delivery may be obtained. the corresponding date last year the No claims will be admitted after the total
£94,217,000.—British Goods, have left the Godowns, and all Goods remaining undelivered after the 21st May, 1935, will be subject to
Wireless Service.
Is It Insured?
Insurance --- All Cirases LOWEST RATES
American Asiatic Underwriters Fed. Inc., USA. General Agents
Head Office
137
1371⁄2
13632
13617, The Bund
AP
1.36
1.35
Shanghai
Montreal Silver:------
76.50 75.75b
May. July
September December
77.00 76.40b
TL30t
77.402
78.40t 78.40b
asked, b-bid, t-traded, ¤-nom
LONDON EXCHANGES
Paris
London. Yesterday...
74 39/64
New York
4.91
Montreal
4.91
Brussels
29.06
Geneva Amsterdam
15.20
Wm. Powell 70 cts. 1. Wing On (HK) $100 1.
Mian
7.264 59.21/32
Berlin
12:21
Prague
Madrid
•118% 36-1/16
517 Sellers
Bucharest
Belgrade
... Miscellaneous.” EX Ambrementa : $1.85- n, Entertainments $6.40 m. - S. C. Enterprises $1.35 n. Macão "Greyhounds”: $2 n. Constructions (old) $1.40 me Constructions (new) 45 cis. n. Vibro Piling $5. n.
Oh Gort 5% 1924. Gởi
920
HK. Govt. 4% Loan, 54% prem.
HK Govt. 31⁄21⁄2% Loan 2% prem.
Wallace Harpers $5 s.
Athens
Bombay
Shanghai
Hong Kong Yokohama
All claims against the steamer trust be presented to the Undersigned an or before the 11th June, 1935, or they will not be recognized
To comply with the General Bonded Warehouse Regulations consigness must have & Revenue Officer in attendance when damaged dutiable goods are examined
All broken, chafed, and damaged Goods are to be left in the Godowns, where they 'will be examined on the 28th May, 1935, at 10 am, by Messrs. H.E. Ober Goddard and Douglas. Asia Life Building
Tel. 38234
No Fire Interance has been erfected. Bills of Lading will be counter-signed by.
GIBB, LIVINGSTON & CO. LTD.
Hong Kong, 21st May, 1935.
S. E. Levy & Co.
7, ICE HOUSE STREET
1SVESTMENT BANKERS 4 BROKKEN
485
1/6 5/32 1/8
-NEW, TORE, CUTTON EXCHANGE
COMMODITY EXCHANGE, INC. NA,
CHICAGO. BOARD OF TRADE -
CANADIAN COMMODITY EXCHANGE, INC.
2/4% 1/2 3/32
CORRESPONDENTS FOR
Other rates unchanged. - Silver Spot
Forward Warloan 32%
33 15/16 1065% ---British Wireless Service.
Agents