BANKS
GKONG AND SHANGHAI ANKING CORPORATION
and Capital
and Folly Paid-up. 20,000,000
Funds:
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1853
HEAD OFFICE: LONDON
20,000,000 Reserve Liability of Pro-
$50,000,000
£6,500,000
$10,000,000
Liability of Pro-
“HEAD OFFICE: BONGKONG.
MOLED OF DIRECTORS.
~E Dodwelt üvey
CC. Knight, Esq.
Donuty Chairman,
Mr. W. E. Bell
3. A. Plummer, Esq.
Compton E Johnson. Ex.
Hon. Mr. J. J. Paterson,
T. E. Pearce Esq
T. AL. Osban, Jos.
Cat Msangat.
Mkin Esq.
WELDON
BRANCHEN
BUAZA LUMPER
LONDON
LYONS
MALACCA
MANILA
REAR (Jokers)
MERDEN
NEW YORK
PEIPING
PRANG
RANGOON
Batcos
SAN FRANCISCO
SHANGHAI
KINGAPORE
NOURABAYA
KENGE! PATANI
TIENTSIN
TORTO TSINGTAO
arzuca Accouts opened in Local Currency
rucnired fear on year o
7. Flued Dont Company sad Burling
bar periods t Prema vržich will be emoted an wepòventicitu ong Kong, th May, 1935
ONG KONG SAVINGS BANK.
Si un application.
he Borison of the snow Buckle combice- the BONG KONG AND SHANGHAI Bale may be NKING CORPORATION FOR THE BONG KONG AND SHANGHAI
CORPORATION
F. M. GRAYBURN:
Chist IT.
Hong Kong, 25th February, 1935.
EBANK OF EAST ASIA, LTD.
briand Capital
here, sod Pedivaćeć Pratim un
$26,806_000.00 $ 3,306,200.0% -3404,000.00
BEAN OFFICE-BONG KONG
2 Bond Consul BOARD OF DIRECTORS. Bie Shou-"how, Chairman
£3,000,000 | ES,000,000
Paid-up Capital Reserve Find
prietors
.......£3,000,000)
Agencies and Branches:
Aloe ther
Bongaon
Bangkok Ba
Semerang Seremban
Bambay
Shanghai
Calentin
Kingsport
Canton
Lamper
Bitiawan
Chumann
Faching
Boarabe
Taping
Comarche
Zooztak
New York
Banbury Hanhow Barbie
Pelping
Zming
Yokokama
TORAGE
Zamboanga
جلاهما
Banking basicnes-
Formiga Dongs, sed Genral Carrecs Amante opened and Pized Depardie |zvostnað ber one game or shorter seriado as rates
which will be put on application
A. BREARLEY.
Manager Hong Kong, 1st. January, 1935--
SAFETY FIRST!
To Safeguard Your Valnabissg and Jewelleries. Deposit them in a Vanli
that is really? FIRE-PROOF BURGLAR-PROOF DAMP PROOF!
OUR SAFE DEPOSIT VAULT located on the Mestarine Flour af Our New building is Specially. Con- structed to provide all of these Im-i {portant Qualition
THE CHINA MAIL, FRIDAY, MAY 31, 1935
and
Commerce
Finance
LOCAL DOLLÁR ADVANCES
Silver Prices Improve
The local dollar has improved a halfpenny, opening on demand this morning at 2/47%.
Spot silver advanced 1⁄4 to 33-1/16 and forward to 33-5/16.
The London on New York cross- rate was quoted at S-US$4911⁄4, as compared with £-U.S.$4.93%, London while, the New York on cross-rate was closed,
EXCHANGES
TO-DAY'S QUOTATION
On London-
On Japan
On India
LOCAL SHARES.
TO-DAY'S QUOTATIONS
Banks.
MANCHESTER WEEKLY MARKET REPORT
General Increase
In Values
རྗ༤ ཟ་
MORE BULLISH TONE IN MARKET
TRAFFIC IN ARMS
AND DRUGS
Parallel Features Of Two Trades
DAME- RACHEL CROWDY'S UNIQUE EXPERIENCE
NEW ADVERTISEMENTS
AS WATSON & CO., LIMITED.
NOTICE.
ON MONDAY, the Srd."June, All Departments will be CLOSED. The Hong Kong Dispensary, Dispensing Department.
Will be open for dispensing pre- Two events during May, in Lanseriptions from 10 am to 1 pm.
(By RONALD WOOLFREY)
a more bullish don and Geneva respectively, had and from 6 pm to 7.30 p.m.
than might ap-i
BANK HOLIDAY
Messrs. James F. Hutton and Co-i The following is the list of local Ltd, Manchester, reported as fol- share quotations issued to-day: lows on May 1:--
There has been tone in the market this last week more in common jand values generally show an in- pear on the surface. The first, was crease all round. Further sharp the opening of the Royal Commis u.advances in the price of silver and sion on the Traffic in Arms. The
Accordance with Government a sudden rise in grain and other second was the regular meeting of
Ordinance, the Exchange Banks commodity markets have all tend-the Opium Committee of the Lea- ed, to stimulate buying in the Ste of Nations.
The Royal Commission has been will be CLOSED for the transaction MONDAY Gaited States.
The weekly statistics issued by set up because of the widespread of Public Business on
feeling in Great Britain that the 3rd June. 1985 (The Birthday of the New York Exchange show that
Hong Kong, 30th May, 1935. 9. the forwardings to the world's system of allowing the manufac-His Majesty The King). mills amounted to 177.000 bales tare and sale of arms to remain in private hands gives opportunities against 258,000 bales last
for stimulating the demand for
HE. Bank $1,000 3. $1,015 sa HK Bank (London) £1243 Chartered Bank £143⁄41⁄2 n. Mercantile Bank A. & B. $314 Mercantile Bank C. £13. Bank of East Asia. $81 1 Am: 0. Finance Corp. China O.. Fin. Ord, Sh. China 0. Fia. Pref. Sh.
Insurances.
Canton Ins. $203 n. Union Ins. $335 sa China Underwriters 90 cts.`n China Fire Ins. $382 1. Ex. div. HK Fire Ins. $200 a.
International Asste. Sh11⁄2 De Shipping.
Douglases $3814 b.
HK Steamboats $4
Indo-Chinas (Pret), $30 2
-Indo-Chinas (Def.). $35 a
Shell (Bearer) 11/3 a
Union Waterboats- $1135 bi
Mining.
Antamoks 68 cts. n.
2014 Balatoes $34 L
Baguio Gold 21 cts.
1
157 Benguer Consolidated $10 m
Benguet Exploration 10 cts...
5384
Benguet Goldfield 10 cta. 1
year.
Buyers still seem to be exercising war material. Elsewhere there is UNEMPLOYMENT IN caution, however, partly owing to levidence that munition, makers the uncertainties of the Adminis have spread war scares, played off
another, one country against
officials and indulged in brided many other barmful practices. All
tration's crop loan policy and also on account of the indefinite outlook. regarding the future trend of operators Until market prices.
the arzas Strms. Stil are prepared to import more con- these charges may not apply to
British Sidence in the general position rate is a vested interest, the pro- there seems to be little chance of sts of which must depend upon any great turnover being arranged- wars and rumours of wars.
NEWFOUNDLAND
Slowly But Steadily Improving
REPORT OF GOVERNMENT COMMISSION
London. To-day.
The report by the Commission.
Some Improvement
Another rested interest is to be Trading from some quarters has found in the drug traffic. The shown an improvement but book-profits of the big international ings have been mostly for small syndicates behind it often amount of Government on the unemploy lots The Indian markets have to thousands per cent. Like the ment situation in Newfoundland sent a fair number of offers chief-a
Jarms traffic, its ramifications are furnished by the Governor, Sir ly for light whites, saries, prints world-wide.
OT.I and demand
4
+ months' sights.
2/4
Credits 4 months' sight
2/6
On Shanghai
On demand
140
On Singapore--- -
On destand
101
On demand
On T.T. and demand On New York-
On demand
Credits 60-days' sight
Big Wedge 8 cta
Gold Creek 30 cis. n.
$6
Gold River 7 cts, 1.
and fancies for "Calcutta, whilst a fair exquiry has been received
On Paris
Ipo Mining $5 cts. n
On demand
$85
Itogans 30 ets.. 1.
Credits 4 months' sight
935
Salacots 12 cts. D
¡On Saigon
Kailan Mining Ad. 17/6
"On demand.
$$
Langkats (Single) Sh$14
On Manila-
1162
Shai Exploration Sh$4% n Shai Loans, Sh.30% m Baubs $5 b.
78%
Verz: Goldfield $5 1.
-
Docks. etc
obtain a Safe Deposit Ton may Boz in this most up-to-date Vanit. for your own use at a very moderata Rap-On Batavia-
-Or-demand Inspection Cordially. Invited. THE NATIONAL COMMERCIAL
& SAVINGS BANK, LTD. Corner of Ien House Street "and
Des Voeux Road, Contrát «
THE BANK OF CANTON LTD. On demand
Established 1912.-
Head Office Hour Kong.
Authorised Capital
Paid-up Capital
$11,000,000 3,655,000
On Bangkok-
60%
On demand :Sovereigns bank buying rate 2/5
33-1/16 Bar sliver per oz. Bar Silver In Hong Kong ..Nom Total Bescartes mapped 32.170,492 Copper Cash Inge Test C. Sot Eng 842 Kan Ting Branches: Canton. Toishan, Shanghai, Copper Cents..
Bankow, Bangkok & San Francisco, Rate of Native. Interest ...3% pa. London Bankers: Lloyds Bank, Ltd.
271⁄2 dis. Foreign Exchange and Banking
-.par. business of every, discription traza
Zaon Chull Exc
Ewok_Inq. Sons Long Eng Cheng Rock, Zeqn Is Las
Ken To En Chile! Maangur.
In I'm Fory. Eaçu, Maraget.
BRANCHES AND AGENCIES':--
New York
Vegme
Deaka
Parin
IMPRE
Pang
Bangoon
Saugo
San Fraschmon
Banka
Shanghai Stagepers kourabaya
Slow vedney
Taiboks
+
Tokyo
Yokohama
Current Accounts opened and Fixed Deposits "recerred. for one year or shorter periods at rates which will be [quoted on application.
Safe Deposit Boxes (various sizes) Lex hire.
LOOK POONG SHAN,
description Bouling and Erabangą
Ica gated on approved
Fism! Degri" rossoud for one
Acconcile speed in Local Curro AMERICAN EXPRESS COMPANY, cher perioda in Local and Foreign Cherno home which will be quoted on applicados.
Made Papail Doses To Lov
Cactor
TONG 20,
Chis! Mange
THE CHINA & SOUTH SEA BANK,
LIMITED
Cincorporated in China)
Head Office Shanghai
*Catal
Branches
$7,500,000,00
$1,500,000.00
All Important Cities in China
Foreign Exchange
Banking Business transacted.
Current and Saving Accounts opened
Chinese Sub Coin Hong Kong Sub Coin
LONDON EXCHANGES
дот. .par.
A Social Menace
from Madras and Bombay. Some of The drug traffic is now admitted the up-country outlets have shown: be an
ito satins and dred
interest
LE
social
Murray Anderson, at the request of the Dominion's Secretary, Mr.
J. H. Thomas, has been issued as a White Paper.
The Commission of Government
unmitigated speciality prints, but little actual menace. In the case of the private took over early in 1984 and the re manufacture and sale of arms, how port shows that a substantial im trade has resulted;
ever, the Governments of the Provement in conditions has since There have been hids for fancies world have done little more than then been made in several ways. for Hong Kong and odd lines of agree, in the Covenant of the Les The report describes two kinds, fine goods-for Bangoon. Some of ue of Nations, that the system is of unemployment in Newfoundland the outside, markets, like the
grave objections Dis-the normal unemployment of the "open to Straits Settlements have been cussions at Geneva, on the basis of fishing population during the off- EK. and K Wharves $82 $€20-\more active and ofe or two nice the American draft convention, Season and unemployment among. the industrial population, largely lots of white shirtings have been were concerned with the best way
confined to St. Johns-and details arranged.
to tackle the problem.
Its HK and K Wharves ex right
$8172 s
A
H.K. and K. Wharves right $4
HK and W. Docks $95% z. Providents (old) 75 ets. bi Providents (new) 20 cts. p. .. Hongkew Sh. $2671⁄2 1- New Engineering Sh.35 n Shai Docks Sh. $110.
Cation Mills.
Ewo Cottons. Sh. $8.30 n
Egyptian shippers reported an More than once it has been suge the practical measures taken to jabsence of demand but, moderate gested that much might be learn- remedy the situation.
lines of bleachers have been placeded from the effective way in which
restrictions
Increased Earnings
for the Near East. Some of the the League of Nations has dealt Last year the earnings of the increased by over West African markets have bought with the drug traffic. With
the fishermen
of G$1,000,000. To overcome indus quite good quantities of prints and co-operation of the majority. coloured goods, and have general- Governments,
have trial unemployment a policy of ly shown mare interest.
been placed on the import and ex-land settlement is being tried and The South American trade hasport of dangerous drugs. Uni- in the meantime the organisation of beer satisfactory, demand being formity is ensured by the terms of relief has been improved and assia- Shanghai Cotton (old) Sh$70 chiefly for dress, goods and some the 1925 Opium Convention. Under tance increased
actual Commenting on the report The of the finer fancy fabrics. The the 1931 Convention, the turnover for the Continent has output of the world's factories is Times points out that the general beez rather poor, and apart from now being planned and rationed, improvement is reflected not only in and the increase of revenue, in spite of isolated lots of specialities only 2 with due regard to medical
tariff redactions on articles of meagre enquiry has been dealt scientific requirements. with.
It so happens that the woman common necessity, but in the all- who was til recently in charge round increase of business and in-
Shanghai Cottons (new) $43 Zoong Sings Sh. $814
London, Yesterday.
Paris New York
74 17/32 *491
Montreal
4912
Chief Manager
Brussels
25.94
TAB
Geneva Amsterdam
15.20
7.28
Wing On Textiles, Sh. $55
Milan
59%
FINC.
Berlin
12.11
HK and S.
Lands, Hotels, etc.
Hotels $4.15 b
Bead Office:. Broadway, New York
Prague
... 11834
Madrid
35 31/32
Athens
518 sellers
Capital Sarplus Eeserves
ULS.28,000,000.00
Bucharest
2,087.112.49
Belgrade
1,995.523.71
Shanghai
487 ...208 1/$.5/16
Horg Kong
2/45%
Other rates unchanged.
Kim
Silver Spot
33 1716
Naples
Firewas
Forward
H.K. Realties $3.90 b. Asia Realties "A", Sh. Asia Realties "B"", Sh
Peipin
War Loan 3%
BRANCHES-
ÁMENINI
Chemos
Ginagam
*he Bague
Herme
Hamburg
Heidelberg
Berlio
Bombay
and
General
Сер
Be
Cairo Calcute
Colombe Copenhagen Dublin Edinborgh Forec Camera
Lutelako Incarico London
Lacere Imgane
Maria Munich Kontwer
and Fixed Deposits received for one
her or shorter periods at
rates which
zal be quoted on application.
SOU Z. CHANG,
"Manager
HONG KONG BRANCEL 24, Des Voeux Road, Central. Manager's OfficeTel. 33565
Foreign Exchange Dept. General Offee
Cashier's Office
33586
H
53567
23569
THE YOKOHAMA SPECIE BANK
LIMITED.
Established. 1880
(fully yaid-up) Zen.100.000.000 Yen.125,800,000 Fund
Head Office:-YOKOHAMA
Branches and: Agencies at: exandria
Bombay
Peping
Nagasaki Nagoya New York Osaka Paris
Pangoon Penghien (Maiden). Rio de Janeiro
San Francisco Seattle Semarang
Singapore
Your Long
Karachi
Palermo
Rece Shanghal Forfhapice
Taormina
Tanice
33 5/16 100% -British Wireless Service.
CHINESE EGG DEALERS PROTEST]
The local egy merchants have sent a petition to the Government | requesting that a protest be lodged: with the Indian Government against the reported restriction imports of Chinese Branches of American Exprem Com- [pany
in Principal cities of United placed on the
frozen eggs into Italy. States of America and Canada..
All classes of Commercial Banking Kransactions undertaken
Personal handled.
investment scents Is It Insured? ?
The Company offers to atending Travellers the use of its “Cizvelers Cheques" and Letters of Credit and, In addition, the world-wide services its thoroughly equipped Travel-De-
E. W. DUGGAN,
Manager.
THE WING ON BANK
LIMITED
Head Office: Hongkong, 26, Des Voeux Road Central Authorland Capital $10,000,000. LONDON BANKERS: Westminster Band, Ltd. Foreign Exchange and every des tion of banking businesses tra
Current Accounta Accounts opened. Ph
[Special depo
Safe Depost
PHILIP GO
Insurance~~~ All Classes
LOWEST RATES – American Asiatic Underwrkers Fed Inc. USA- General Agenta
Head Office 17. The Bund Shanghai
AD
HK.Office.
$472 5. HK Lands $31 bar - FR. Lands 4% Debentures 100%
Shanghai Lands Sh.$201⁄2 D Metropolitan Lands Sh. $10. z. Humphreys $3 n.
Chinese Estates $90 . China Pealties Sh. $7 n. China Debentures
b.
Public Utilities H.K. Tramways $11.30 b. Peak Trams (old) $831⁄2 n Peak Trams (new), $6 m Star Ferries $771⁄4 0. Yaumati Ferries $70 p. C. Light $8.10.b. EK. Electrices $57 Macao Electrics 5231⁄2 n. Sandakan Light $5 5 Telephone (old) $19% sa. Telephone (new) $83% n China Buses Sh. $11% Singapore Traction 10/6 b.. Singapore Pref. 22/6 b
Industrials
Malabon Sugar 381⁄2 1- Cald: Macg (Ord.), Sh$191⁄2 'n Cald: Macg. (Pref), Sh$13 I Canton Ices $1.80
Cements $54s Converted.
HK. Ropes $2. z.
Stores, pic
LONDON QUOTATIONS of the Opium Section at Geneva is dustrial activities; but conditions on
the woman member of the Royal the island were so deplorable when- Commission on the Arms Traffic. the Commission took over responsi Dame Rachel Crowdy's unique ex-bility that progress must of neces- don were received in our office last perience with a parallel problem is sity be slow-British Wireless Ser- night between 5.30 p.m. and 10.30 pm. not the least interesting feature of vice.
May 31.
The following quotations from Lon
Silver Spot 32 15/16 (last close), the present investigations,
33 1/16 (last read), 1⁄4 up (change).
33
Silver Forward 33 3/16 (last close?,
reed), up
Silver Report a bo (change) THE PERFECT MAN
sold Supply moderate. Market steady.
Gold 141/9 (last close), 142/- (last
read).
3d
up (change).
London London Selling Rate 493
(last close), 49212 (last recd), 008%
down (change).
Main Attributes
Cited
Students at a girls' college in London/Paris Selling Rate 7496 America are drawing up a list (last close), 7478 (last recd), of the things necessary in a per- down (change)..
fect man Liverpool Cotton July 6.39 (last) (last recd), 07 down close), 622
(change).
Judge thinks a perfect man is ja chan with the courage of a
PROFESSIONAL CONVICT
Fulfilling Strange Vow Of 1898
Tolyo Sosuke Kakubari, a 51-year- jold ex-convict, is in prison, here
He has sWorn
2 VOW
that
Liverpool Wheat July 5/2-% (last Saxophone player in a Salvation awaiting with pleasure the pros- close), 5/2% (last reel). dows Army band, the business ability pect of his twelfth conviction (change)-
London Rubber July-Sept (buyers) of an amateur tennis player, the
convicted twenty times, and then 6 1/16 (last close), 6-1/16 (last recd), acquisitiveness of a bell-hop at before he is 60 he will have been
a summer hotel, the aggressive commit suicide in a novel way. unchanged.
London Eubber July-Sept. (sellers) ness of a diplomat at a
peace
6 3/16 (last close), 6% (last veed), conference, the tenacity of a 1/16 down (change).
-6 (last recd).
The strange vow dates from
London Enbber at noon (bayes) train caller on a Welsh railroad 1898 when he concluded his first memory of a radio Prison sentence. Finding it - line, the comedian and, with all these, the possible for an ex-convict to get work Sosuke decided he would humbleness of a Louisiana tax-remain a convict, and made his
Montreal Silver: May
Asia Life
Dairy Farms $1234 n..
July
Opening
814 817 8234-8234 9314 82% 83% 833
Winnipeg Whent:
Watson $3% 2-
May
Lane, Crawfords $3 n.
July
73.40/60
73.80/74.10
September
73,75/74.00 74,40/75
2265/90 -75.000.-
Building
Tel. 30234
THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED
(Incorporated in China)
Capital paid top
$5,000,000 Reserves
$300,000 Capital Savings Dept. $600,000: Penerye Savings Dept. $600,000.
Head Office--Shanghai -
A Bank having as its mission the Industrial development of China, and the fostering of her commer- cial relations, abroad safe “Hour Kenz offes.-7∙Ice House Et. Phone#31481-2-3
Mackintosh $9 n. Sinceres $8 a
Wm. Powells. 70 cts. n. Wing On (HK), $100 n.
Miscellaneous,"
HY Amusements $1.85 1 Entertainments $640 S.-C. Enterprises $1.35 1 Macao "Greyhounds” $2 1. Constructions (old) $140 a Constructions (new) 45 cia. 3. Vibro Filing $5 1
Ch. Gort 5% 1925. G$Bds
82% 1
EK Govt 4% Loan, 5% prem.
FÉK Go#2 85% Loan 2% prem
Wallace Harpers
December
January
74.99/75.40 75.30
Ipayer
Icurious vow.
Since then he has not looked
MODERN YOUTH IS back As soon as one sentence
ALL RIGHT
ཀོདི, ཏཐཱ
Lord Derby's Advice To Students
RAW RUBBER PRICES The Earl of Derby defended
modern youth when he opened a
is over Sosuke calmly commits' an Jobvious theft, gets arrested, and
goes back to prison again
He considers this to be an "expression of revolt against an unjust social system."
Messrs. H. B. Joseph & Co. have £30,000 extension to Liverpool received the following Straits University Students Union creates the spirit that you are Currency quotations from Singa- Buildings, last month He said not playing for yourself bat for there were many who decried the your side. Judgment and tact pore. for Raw Rubber..
Spot 19% down 15 b. 20% 8. young people of to-day feel are needed if you are going to July-September 20% down 1⁄2 b.that you are as good as those be leaders yourself. ̈ ̈ ̈ ̈ ̈
who have gone before and betterThis university has provided 20%
many: Members of Parliament than some,” he added, ke
I am confident the Union will It will provide many more,
ands It stands hope. Study politics now, and it Jan.-March 22% down 3⁄4 b, 22% be safe in your
for friendship, com
and will be of great benefit to you în that after life." discipline the
December 21% de