BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
Authorised Capital
$50,000,000 fissed and Fully Paid-up. 20,000,000) Beserve Funds.....
Sterling Suiver.
ve Liability of Pro-
BRAD OFFICE: HONGKONG.
BOARD OF DIRECTORS-
~H. Dadwal king.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1853
HEAD OFFICE: LONDON
منامة
££500,000
$20,000,000
|Paid-up Capital
Reserve P
20,000,000 Reserve
Liability of •Prom
prietors
..$3,000,000 £3,000,000
$3,000,000
Agencies and Branches:
Виск Esiyon
Bangkok
CC Korhola Kwan
But
Donate Chairman
Hon. Mr. W. H. Bell,
Dombey Celent
Kobe
Luz tapas
Beremben
Gingapore Sitema
Inching
B. Compton Esq.
Caba
Madras
Taiping
3. T. Johnson, Esq. De
Colora.e
Yedan
Torkak
Haipannt
Tork
Hamborg
Miskin Esq,
Pining
Yeoma
Tingino Tokoon.com.
Zamboanga
Iubi
J. A. Plummer, Escapors
Hon. Mr. J. J. Paterson,
„KONLOOK
EL Pearce Esq..
V. IE. Öegian, has, “s
Chief Mazagon.
BRANCING —
KUALA LAMPUT
LINDUS
LYCANS →
KALACCA
MANILA
MUAR (obcont
WUXDRY
NEW YORK
PESPING
PENANG
RANGOUN
SAIGON
SAN FRANCISCO-
SHANGHAI SINGAPORE
VOURABAYA
SNUEL PATANI HENTI
TOKYO
TSINGTAO TOKOHAMA
Led Accounts opened to Low CurrWOR? Fized Deponi už že ode, pow or Cabachoć peciosum Loow Company and Berling seems wines will be quand on vogliestion. Hong Kong, 7th May, 1935.
HONG KONG SAVINGS BANK.--.
The Braizen of the shone Bank le-domboni or the HONG KONG AND SHANGHAI
Hyphen my b BANKING CORPURITTION.
application.
THE HONG KONG AND SHANGHAI ANIME CORPORATION
V. M. GALTBUBA
Hong Kong. 5th February, 1935.
Harbin -Boog: Kang
THE CHINA MAIL, TUESDAY, JUNE 4, 1935
and
Commerce
Finance
LOCAL DOLLAR DECLINES
Silver Prices Fall
The local dollar has declined a halfpenny, opening on demand this morning at 2/44-
Spot silver fell to 3 and forward to $33.
The Bondon on New York cross- rate was quoted at £-US$19214, as compared with US$494%%%Į
London
while the New York Formige Ercheage and General Bucking bussen $4.922 as compared with -
and Pond Deposi❘TS.$4.95 Cursos. Aceasta, apsard zanotted for me your dr shortar perinde at TAARA which will be quoteď en uppl.Contiam.
A. BREARLEY.
Manage
Hong Kong 1st. Janmary. 1933.
SAFETY FIRST!
To Safeguard Your Valuablag
and Jewelleries, sta Deposit them in a Vanit that: is really? FIRE-FROOF
BURGLAR-PROOF DAMP-PROOF!
OUR SAFE DEPOSIT VAULT Socated
EXCHANGES
TO-DAY'S QUOTATION
¡On London-
on the Mezzanine Floor of Our New building in Specialty Con- istracted to provide all of these Im-On India
portant. Qualities.
You may obtain a Safe Deposit Box: in this most up-to-date Vault for On New York-- Your own use at a very moderate Ben- tal
2/534
LOCAL SHARES.
TO-DAY'S QUOTATIONS
The following is the list of local share quotations issued to-day
Banki
-H.K. Bank $990 b.
H.K. Bank (London) £125 n. Chartered Bank £14% 1 Mercantile Bank A. & B. $313 Mercantile Bank C. 4131⁄2 Bank of East Azîz $81 n. Am: 0. Finance Corp. China O. Fin. Ord, Sh. China 0. Fin. Pref. Sh.
Insurances.
Canton Ins. $203 x. Union Ins. 325. b. $330 să. China Underwriters 90 cts; a China Fire Ins. $382 n. *H.K. Fire Ins. $200 n.
International Assoe. Sh.$41⁄4 1. Shipping.
Douglases $38 b.
Mining.
Baguio Gold 21 'cts. a.
n.
On T.T. and demand
2/424
'4 months" sight
2/4/
Credits 4 months" sight
On Shanghai-
On demand
1412
On Singapore—-
H.E. Steamboats $4 m. Indo-Chinas (Fret), $30 IL Indo-Chinas (Def), $75 =. Shell (Bearer) 73/10 Union Waterboats $11% ni
2
n
On demand
100%
On Japan-
Antamoks 68 ets. 7.-
On demand
200
Balatoes $34 1.
On TT, and demand
155
Benguet Consolidated $10 m. Benguet Exploration 10 ets. n.
On demand
Benguet Goldfeld 10 cts. Da
Credits 60 days" sight
60%
Big Wedge 8 cts.
On Batavia.......
Gold Creek 30 cts. n.
On demand
X5
Gold River 7 cts.
On Paris
Ipo Mining 85 cts. n.
On demand
875
Itogans 30 eta n.
Credits 4 months' sight
925
Salacots 12 cts. n.
On Saigon-
On demand
877
On Mania
On demand
1/5/4
On Bangkok-
On demand
78-4
8,555,000
Inspection Cordially Invited. THE NATIONAL COMMERCIAL
& SAVINGS BANK, LTD. Corner of Ies House Street and
Des Voeur Road, Cantra)
THE BANK OF EAST ASIA, LID. THE BANK OF CANTON, LTD.
Hatherland Capital
Puidup Capriać.
fathena, atmdivided Fruble
-:$70,1980.800,00
HEAD WWFICE:-HONG KONG
12 1 3 Loud Coozra2.
BOLED UP DIRECTORS:-- sow. Cheras
Established 1912.
82,14,100.00
Head Office-Hong Kong,
Authorised Capital
¡Paid-up Capital
La Saon Chas Enqu1 Ik D T I'm Torg Engures ning Bank, Saque Id Lan Dage Woog Caron, Bag and Eat Dog
In Tong Ph Faq Chiat Macaque.
I The Fong. Bagi Kingt.
BRANCHES AND AGENCTOR.5--
M
Nagasak
Osaka
Kanada
Барные
New York
Bighong
Furik
Smokatal
n
Tokyo
Баряки
Lindos
Priping
Bangor
Saigon
Sea France
Brez domofighion of Bouling and Ezobange Senaste travestie. Loses granted as saperneš
Cosmetics.
الموت
come in
لصمدية
Food Pizual Deposite reosved for one brier persade in Lonal and Foreign
Total Resources.
$11,000,000 Sovereigns bank-buying rate 2/57%
32,170,492 Bar silver per o
Branches: Canson, Toishan, Shanghai, Bar Silver In Hong Kong Hankow, Bangkok & San Francisco London Bankers: Lloyds Bank, Lil
Copper Cash
Copper Cents
74k
Tom
-par.
and Banking Foreign Exchange (besiones of every discription tram-Rate of Native Interest ...3% pa 27% dis Chinese Sub Coin acted.
par.
Current Accounts opened and Fixed Hong Kong Sub Coin Deposita recefrad for one
TORT OF
shorter periods as rater which will be quoted on application.
Safe Deposit Bores (various sizes)' If hire
LOOK POONG SHAN,
Chief Manager
THX
DENNE AMERICAN EXPRESS COMPANY,
Czeremaian
forms which with be quoted on applic Bele Depolis BOSAS TO: LAL.
IN TONG H
-$7,500,000.00
Capital
Branches
Foreign Exchange
and
General
INC
Head Offers-65. Broadway, · New York
Capital
Bestres
.W.S.26,000,000.00
2,087.112.69 1,995,528.31
BRANCHES:—
NEW YORK STOCK
EXCHANGE
Reuter Quotations
June 4 The following quotations, were re- reived by Reater:-- N.Y/London
4.92 4914 4.32 NY Cotton July 11-24 1103 11.09 10.93 10.74 10.79 12.31 12.31 .12.45 1246
Oct NY Rubber July 12.23
Sept
12.34
C. Wheat Jaly 83 C. Corn July
Eles Bond & Sh
$33
18
$37
W. Wheat July 82% STOCKS:—
March closed
Ammeterdaa Antwery theor
Don
Amer Smelting 422
43
423
Ginger
The Hage Barsca
Xion
Saplat
Con Gas NY.
237
24
234
7%
8.
7%
Barberg
General Motor
30
30%
20
Int. Tel & Tel
·
8
834
Interi
38%
34
32
Montgomery W 24
25
25%
16 XY. Central Standard Oil NJ, 45% U.S. Stee!
16
16%
46:4
46%
31
31 -314
Bedo
Bombay Bremen
THE CHINA & SOUTH SEA BANK, Surplus
LIMITED
(Incorporated in China).
Best Office...Shanghai
$1,500,000.00
All Important Cities
in China
Banking Business transacted.
Current and Saving Accounts'opened and Fixed Deposits received for one
rates which
year or shorter periods at rats
wad be quoted on application
SOU Z. CHANG,
Manager HONG KONG BRANCH: 24, Des Voeux Road, Central,
Tel 33565 *33568 Foreign Exchange Dept. „
33567 33569
Berounkes Cairo Calozz CADD Colombe Coprtbags Debliz
Zdishareh Former Gmers
Farmadam Zoodos Liverpool Lunette
Lepor
Matte Carlan
Musiek
.
Parks Prypto-
Rotterdam Boro
Bratbaatpla
Ringapor
Sensida Thermine
Vezion
Branches of American Express Come İpany in Principal cities of United
States of America and Canáča, z
Manager's Office
General Offen
Cashier's Offen
*
"
THE YOKOHAMA SPECIE BANK andled.
LIMITED.
Established 1880
Capital. (fally paid-up) Yen 100,000,000 Reserve Fund
Yen 125,800,000
Head Offices--YOKOHAMA
Branches and Agencies' at: Landria
Panton
Nagasaki NaToya New York Osaka Peiping
(Dalny) tien (Mukden). Rio de Janeiro
San Francisco
den
Kang
zhal
Tsingtas
The
Loew's-Inc.
LONDON EXCHANGES
London, Yesterday.
Paris
New York
Montreal
All classes of Commercial Banking Fransactions undertaken.
Persons) investment accounta
Brussels Geneva Amsterdam Mart
Berlin
74 21/64 4.9274 4.92 *28.93 15.07 7.264 59 7/16 12.12
Viema
Prague
26 1174
-Madrid
35%
48242
Belgrade.
217
Shanghai
1/8 3/16
E. W. DUGGAN,
Manage
Hong Kong.
2/5 normal.
Other rates unchanged
Silver spot.
332
Forward Warloan 32% 105 15/16
British Wireless Service.
3334
Company ofen to intending Travellers the use of its "Travelnes Cheques" sod Letters of Credit and,
In addition, the world-wide services is thoroughly equipped Travel De- partment.
THE WING ON BANK
LIMITED
Head Office: Hongkong. 26,Des Voeur Road Central Authorised Capital $10.000,000
LONDON BANKERS:—— Westminster Band, Etdi Foreign Exchange and every descrip- tion of banking businesses, tranzacted. Current Accounts and "Savings Accounts opened mich will be quoted Fired Deposits received at DOE on application Special rates given AsSpecial deposits.
Trastenship, and Executorship under- }taken:~^Safe Deposit, Bates for hire.
PHILIP. GOCKCHIE
{PEGOCKCHUN
Bucharest
THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED
(Incorporated in China)
Capital paid p
Reserver Capital Savings De Reservo, Savings Dept
~Head-Ou
A Bank haring “as
000.
the
Industzini devnispment -zal, the fostering of her
cial relations:abuni
Shina
Hong Kong office
st
ALL BEU-PONG
Kailan Mining Ad. 17/– ni Langkats (Single) Sh.$14 De Shai Exploration Sh.$44 a. S'hai Loens Sh.$534 = Raabs $5.15 sa Venz: Goldfield $5 r.
Docks, etc. H.K. and K. Wharves $52 &. Cum
H.K. and K. Wharves ex right
$81 a
HK and A. Wharves right $4 s. H.K. and W. Docks $91⁄2 1. Providents (old) 75 ets, b Providents (new) 20 chi. n. Hongkew Sh. $26731⁄2 1. New Engineering Sh.55 n. S'hai Docks Sh. $110 m.
Cotton Mills.
Ewo Cottons Sh. $8.30 1. Shanghai Cotton (old) Sh.$70 n. Shanghai Cottons (new) $43 n. Zoong Sings Sh $84 n. Wing On Textiles. Sh. $55 1.
Lands, Hotels, etc. H.K. and S. Hotels $4.15 sa. X.FL. Lands $31 D.
Debertures
HK. Länds
100%
Shanghai Lands Sh.$201⁄2 n.
Metropolitan Lands Sh. $10 n.. Humphreys $8 IL
H.K. Realties $5.90 n. "Asia Realties “A”, Sh.
Asia Realties “B”, Sh Chinese Estates $90. 11. China Realties Sh. $7 a.. China Debentures $123 n.
Public Utilities
41.
HK Tramways $123⁄41⁄2 h. Peak Trams (old) $83⁄41⁄2 n. Peak Trans (new), $6, 1 Star Ferries $771⁄2 0. Yaumati Ferries $20 a. C. Light $8.15 b. HK Electrics $571⁄2 n. Macao Electrics. $2332 m. „Sandakan Light $5 s.
Telephones (old) $19 b. Telephone (new) $8% n China Buses 5h. $11% a Singapore Traction 10/6 b. Singapore Pre£ 22/6 b
Industrials
Malabon Sugar $831⁄2 n- Cald: Macy. (Ord.), Sh.$1931⁄2 # Cald: Macg. (Pref.), Sh$13 1. Canton Ices $1.80 n..
Sements $54 n. Converted.
HK. Bapés $21.
Stores, etc.
Dairy Farms $1234 n. Watson $311⁄2 th
Lane, Crawfords $3 a. Mackintosh $9 11 Sinceras $3 n.
W Powells. 70 chain. Wing Or (HK) $100 m.
*Miscellaneous.
T
HE Amusements $1.85 n. Entertainments: $6.40, n. S. C. Enterprises $1.35 m. Maczo "Greyhounds" #2 n. Constructions (old) $1.40 2.- Constructions (new) 45 ets. 2. Vibro Filing 51
CZ GOTE 5% 1925 G$32.----
925% T
HK Govt. 4% Lom; 54% premi
HK GOTE 82% Loan 2% prem
Walace Harpers 35 1.
NEW YORK STOCK MARKET
Traders In Waiting Mood
JUDGMENT TEMPORARILY
SUSPENDED
In their market report. MessTS 3. E Levy and Company, corres pondents for Messrs. While Weld and Company: New York, state-
Stock: The market was in wait- ing mood and judgment is suspend- ed temporarily. Business done: 600,000 shares.
Grains:-Traders in wheat most- ly confined themselves to side- lines. The strength of cash Corn and unfavourable growing condi- tions were steadying influences. Total sales: Wheat: 27,369,000) bushels; Corn: 19,571,000 bushels. (Continued on Page 7) Latest Quotations
The following quotations hav been received by Reuter
NX/London
Cross-rate
Prev. To-day's
elcas
491
4925 | 11.73 12.252
NY. Cotton July 11.24 MY. Bubber-Jaly... 12.23 Chicago Wheat July 83 Chicago Corn July 78 Montreal Silver-Dec. 76.40 M. closed Silver Official ... 74
Dow Jones Averages
80%
.30 Industrials 109.74 1114 171 op 20 Raž
30.48 30.37 29 up 20.04 20.41 37 up $4.32 94.91 01 o
20. Trilities 40 Bonds
11 Commodity
Index
55.05 55.56 51 p Business Done:---600,000 shares.
The American, Embassy Tokyo is investigating the arrest of William Gates (above), of Lan- "caster, Sidena, and two companions. at Giran, Island of FormLOSE, ON Gates, a suspicion of espionage. retired American Navy Beutenant. was on an adventure cruise in a -30-foot-ketch.
REICHSBANK STATEMENT
Gold Stock Decrease Reported
-CHINA_MAIL" "SPECIAL"
UNEMPLOYMENT IN BRITAIN
Figures Better This Year Than Last
London. To-day.
The Ministry of Labour estim. ates that at May 20 there were ap- insured proximately 10,334,000
persoas, aged 16 to 54 in employ- ment in Britain. This was 14,000 more than at April 15, 1935, and 14.003 more than at May 11, 1934– *At the same date the numbers for unemployed persons on the re- gisters in Britain totalled 2,044- 1752, comprising 1,650,372 men, 65,- |120 boys, 293,662 women and 55,- 398 girls. The total was 292 more than on April 15, but 45,629 less than the year before...
The number of boys and girls on the registers increased by 10,- 300 during the period under view, due to the registration · of Juveniles who left school at Easter-British Wireless Service.
IMPROVED POSITION
(Continued from Page 1). ^ international trade is in the fore- front of my pre-occupations.” M. Caillaux told the newspaper Berlin, To-day aformation It will singularly The Reichsbank statement dated facilitate matters if the great. May 31, published yesterday, shows currencies. other than franes. that the guld stock and the foreign can soon be made the object of currency reserves decreased slightly stabilisation decided in common.” to a total of $6.4 million marks. * M. Caillaux has already initiated The note issue increased 399.2 mil his reforms, including a decision to lions to 3,810 millions, the increase appoint two commissions.
Ote of being due to the end of the month which will consider the reorganisa- tion of the Stock Exchange, and the The amount of credit issued, as other will elaborate means of mak- measured by hills, cheques, ad-ling expenditure correspond with vances and investments, increased reverse-Beuter:
BANK RATE REDUCTION EXPECTED SOON
BANK LIQUIDATION demands.
IN SHANGHAI
Mr. Frank Gough Toby 34 milhons to a total of 4,479.6
Look After Interests millions-Trans-Ocean Service
FRANC SPECULATORS
Of Depositors
Shanghai To-day. Judge Helmick has appointed Mir Frank Gough, a director of the RCA Victor Co. of China. as liquidator of the American Oriental Finance Corporation, the American Oriental Banking Corporation, and the Raven Trust Co.
Mr. Gough has been in China for two and a half years. He served as liquidator of a business
Once
BADLY HIT
Advice By Banks Not Heeded
· HUGE, LOSSES REPORTED
**CHINA MAIL" SPECIAL
London. To-day. Franc. speculators are hard hit concern in the United States. by the rise of the franc, which
Interviewed, he said: intend being maintained at 74% by means to do everything I possibly can to of the equalisation' fund. secure the greatest return för de positors."
Judge Helmick is expected appoint a trustee... for the Realty Company today.-Reuter.
Speculators are in a tight place, since the equalisation fund fei to fases to sell francs at the quoted Asia price to currency brokers, so that the latter are compelled to cover their commitments by buying franes at a premium from the
FARM CREDIT ACT
Roosevelt Approves
Measure
banks.
The losses of speculators are es- Įtimated at many millions of pounds, but financial circles are not inclined to display much sym- Washington, To-day.pathy, since the banks had always President Roosevelt has approved strongly advised against specala- Trans-Ocean the Farm Credit Act, 1935, provid-tion in the franc. ing for a reduction in the interest Service. rate on all Federal Land Bank loans made through the National. Farm Loan Associations from 47% to 3% per cent. for the year beginning on July 1, and to 4 per cent. for two) years thereafter.
The interest On
made loans
(Continued from Page 1) The statement adds that M. Caillaux does not consider that, he should take the initiative in calling the conference-Renter
BERLIN, QUOTATIONS
Berlin, to-day- Reichsmark. quotations (without guarantee) are:New
York. 40.5;
Paris,
610% Amsterdam, 55.87; and Lon- don, 1214 The Paris sterling rate, is quoted at 744 and the dollar. at
15.1325.-Trans-Ocean Service.
Everything
gone.. BUT YOUR SAVINGS
RENT
FOOD
CLOTHING
HEAT
BERLIN STOCK MARKET
TAXES
WATER
CHITS
Very Calm
directly by the Land Banks will be Fixed Interest Securities reduced to 4 per cent and 41⁄2 per cent, respectively for these periods, (compared with the original rates ofį 15 and 6 per cent-Reuter.
JONES BILL PASSED
TO SENATE Limits On Speculative Features Of Trading
Washington, To-day.
*CHINA-MAIL?” SPECIAL
Berlin, To-day."
The purchases by the publici which characterised last week's
dealings were lacking in yester- day's share market In consequ-| ence speculators indulged in profit-
SAVINGS
SAVE SOMETHING
START NOW
taking realisations, with the result that the tendency was weak, Fixed-UNDERWRITERS
interest securities were very calm, prices mostly remaining unchang- ed. Call money was at 234 to 34.
The House of Representatives-Trans-Ocean Service. has passed to the Senate the Jones Bill, placing the grain, cotton, but-} ter and egg, exchanges under strict{ Government, control
BANKING BILL HEARING
Washington to-day-The Bank- The measure empowers a commis- sion, composed of the Secretaries of ing Sub-committee of the Senate Agriculture and Commerce and the closed its long hearings on the three more Attorney-General, to place limits on Banking Bill after
the speculative features of trading, members of the Federal Reserve and bans the wash sales indemnity Board, testifying hereon, had sup for trading backet-shops-Beuter. ported it, although with
modificationsBeater
RAW RUBBER PRICES
Messrs. H. B. Joseph & Co. have received the following Straits Cur- rency quotations from Singapore for Raw Rubber.
"CANTON AND OPIUM- SUPPRESSION
Canton bo-day. Yester public service, in the Cann Memorial: Hall in comm
Spat 20 rp1⁄2 b, 20% & Wuly-September 20% 05 % of the first anti-opium can
Canton was attended by more cember 21% up 34 £. 227% 3,000 people. Mr. Bau
committee member
of
speech Centrál Presa.
Carch 22% up 1⁄4 b; 281⁄2 x Tangpu, oficiated.
some
SAVINGS BANK
FOR THE FAR EAST.
INC.
Asia Life Budding.
Boar Lorr
Tel. 20234
Is It Insured?
LOWEST RATES cam Asiatic Underw
Fed, Inc., USA
Geseral Aggata":
27