BANKS
HONG KONG AND SHANGHAI BANKING "CORPORATION
Authorised Capital
Issued and Fully Paid-up
$50,000,000 01,000
Reserve Fands:-
Sterling
£6,500,000
$10,000,000
uzieters
Silver
Reserve Liability of Pro-
KELD OFFICE: HONGKONG.. WOARD OF DIRECTORS.
H. Dodwell Boy:
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
orporated by Royal Charter, 1853.
HEAD OFFICE: LONDON
Paid-up Capital
Beserve Fund
„£3,000,000 £9,000,000
20,000,000
Reserve Liability of Pro-
prietors
$3,000,000
Agencies and Branches:
Live Same
Rangoon
Bangkok
Ipok Karoli
CC Knight, Ang "Dumuter Chair Hon. Mr. W. H. Bell,
Toba
Colentin
A Plummer, Esq.
· Cenripods
Impor Inching
Mooraba
AH. Compton Esq.
Colnecker
Zanzina
Ba
Kew York ***Práning
Tungeo
Intobema Zambomkin.
3. T. Johnson, Esq.
Hon Mr. J. J. Paterson, Miskin Esq. T. E Pearce Es V. 24. Chayburn. Ang
BRANCHESC
AMOX BANGION
CEEFOO
POLOŽBO...
DAIN
POOCHOT
JORDRE
FORLOOX.
KUALA LUMPUR
·LONDON.
TOKS
MALACCA
MANILA.
MUAR (Jose)
XULDES
NEW YORK
PETPING
PENAXXO BANGOCO
SAIGON
FAN FRANCISCO
SHANGHAI
SINGAPORE
MICRAZY
KENG PATAKI TIENTS:
ΤΟΣΤΟ
TSINGTAO
YOKOBAYA
Current Ascente opened in Lond Cerrocy Pized Depowerived for one year
in Loon! Conjury did hurling alorier prices mit be second impropilention.
Hong Kong, 7th May, 1935.
HONG KONG SAVINGS BANK.
The Bessin at the abonn Bank is conduct ed by the EnNG KONG AND SHANGHAI Bater my be BANKING CORPORATION, otrained on application.
FOR THE HONG KONG AND SHANGWAY BANKING CORPORATION,
V. GRATHUEN,
Chief METY,
Hong Kong, 25th February, 1935,
THE BANK OF EAST ASIA, LI.
(Hatherland - Capital
$$,508,800,00
and Cadivided Prote$7,6M, VOLOV HEAD OFFICE-HONG KONG-
2 Le Tax Bowl Cast
BOARD OF DIERCTORY :—
Bir o low, Chairm
14 Toos Cast. En X Kmok, D.,
Tes Tong. E. Chan dog ask. Taq Li Imo Sunde g Wong Chu, 200, Eng, and Xan
Ian Tong Fo. Eng. Cual KaoDGE OF In The Foos, Lage Manager.
BRANCHES AND AGERCOV
Tu-
Maltuurde
Nageld
New York
Singapore
Haiphong
Blancheiat
Paris
Puying
zvydney
Padang
Hangoon
Sap
Franc
Tokyo
Every description at Backhoe ́ and Exabanga bedsoestrusenated.~ Losta pausal en apprować
Current Lorcunes op In Tween?
Farble Feng Loog
Furulya "Tukanya, and General Banking bustsoon Come Arounis oprost and Fited Deponité. suvad der en far we shorten, patitis
A BREARLEY.
→ Manageme
Hong Kong, 1st. January, 1935.
SAFETY FIRST!
To Safeguard Your Vahimbles and Jewelleries. -Deposit them, in a Vanl
- that is really:
FIRE PROOF
BURGLAR-PROOF
DAMP PROOF I
OUR SAFE DEPOSIT VAULT
THE CHIKA MAIL FRIDAY, JUNE 7, 1935
Commerce and
Finance
- LOCAL DOLLAR DROPS
Silver Prices Decline.
d
The local dollar dropped opening on demand this morning at 12/34
Spot silver dropped 9/16 to 3274 and forward to 3234.
The London on New York cross- rate was quoted at S-US$494 as compared with £-US$4.95, while the New York on London cross-rate was quoted at US$494, 23 compared with S-U.S.$4.9574
EXCHANGES
TO-DAY'S QUOTATION
On London-
On T.T. & demand
2/334
4 months sight
2/3%
Credits 4 months' sight
2/5
On Shanghai---
On-demand
On demand
located on the Mezzanine Floor of On Singapore..... [Our New building in Specially Con-|
structed to provide all of these Im-On Japan—- portant Qualitine.
You may obtain Safe Deposit On India Box in this most up-to-date Vazit far) your own use at a very moderate Ren-i tut
Inspection. Cardially Invitad. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Carner of Ice House Street and Des Voeux Road, Central
LOCAL SHARES:
TO-DAY'S QUOTATIONS
The following is the list of local share quotations issued to-day ~-—-
* Banks.
HK. Bank $1,040 b. $1010/15 sa HK. Bank (London) £124. Chartered Bank 4 n. "Mercantile Bank A. & B $1A n.
Mercantile Bank C, #133⁄41⁄2 1. Bank of East Axix $81. 3. Am.. 0. Finance Corp. China 0. Fin. Ord, Sh. China 0. Fin. Prež. Sh.
Insurances,
Canton -Ins. $205 1. Union Ins. $347 D. China Underwriters 90 cta. D. China Fire Ins. $332 HK: Fire Ins. $200 m International Assce. $44
Shipping
Douglases $56
HK Steamboats & Indo-Chinas (Pref), $30 1. Indo-Chinas (Def.), $33. n. Shell (Bearer) $72/6 n.
Union Waterboats $114 n
Mining
140 Antamoks 68 cts, a.
Balatoes $3-4 ....12- Baguio Gold 21 cts. 3. Benguet Consolidated $10 Benguet Exploration 10 cts. b. Benguet Consolidated $10 b. Bir Wedge 10 cts. n.. Gold Creek 30 cts. n.
98
On demand
1941
On T.T. & demand
151
On New York-
On demand
5674
Gold River 7 cts. D.
Credits 60 days' sight
59%
Ipo Mining Sỡ cts. n.
On Batavia-
Itogans 31 cts. b. -
On demand
$333
On Paris
On demand
$60
Credits 4 months' sight
910
On demand
8534
Salacots 12 cts. 2. Kailan Mizing Ad 17- Langka (Single) Sh 14 1 S'hai Exploration Sh$42 n. Shai. Loans Sh.$5% n. Razbs $5.15 s
On Manila-----
Venz: Goldfield $5 p.
On demand
1134
On Bangkok-
HK. and K. Wharves $82 a. C.
--- $11,000,000 8,658,000
On demand
81
22%
HK and K Wharres ex right
$8128
Bar Silver In Hong Kong
Copper Cash Copper Cents
дот
new
THE BANK OF CANTON, LTD. On Saigon
Established 1972)
Head Office:-Hong Kong.
Authorised Capital Paid-up Capital Hotal Eescarces
22.170,492 Sovereigns bank buying rate 2/43%
Bar silver per oz.
Branches: Canton, Toishan, Shanghai, Hankow, Bangkok & San Francisco. London Bankers: Lloyds Bank Ltd
Foreign Exchange and Banking business of every discription trans-
Rate of Native Interest ...3% p.z.. acted.
Current Acconta opened and Fized Chinese Sub Coin
23% dis Depósita recetred for Oze
par. year or Hong Kong Sub Coin shorter periods, să-mates which will be quoted on application.
Safe Deposit Boxes (variona sizes) Lo-hire
LOOK. POONG SHAN
THE
*
Chief Manager
and Find Expoate ved AMERICAN EXPRESS COMPANY,
· shorter permis
• Local Ferwigs Camrencies
terse which will be quoted on applica
Sale Depont Boom To La
Capital
Chief Masque.
$7,500,000.00
..$1,500,000.00
THE CHINA & SOUTH SEA BANK,
LIMITED
(Incorporated in China)
Best Ofice...Shanghai
Reserve
Broches
All Important Cities
in China
Foreign Exchange
Banking Business transacted.
Cument and Saving Accounts opened and Fixed Deposits received for onsi year or shorter periods at rates which
l be quoted on application
800 2. CHANG,
HONG KONG BRANCH:
24, Des Voeux Road, Central.
and
INC.
Head Office: 65, Broadway, New York
Capital
Surplus Reserves
„TES.$6,000,000.00
BRANCHES:
Amelertien Antwor
Gabal
Glasgow The Hague BATIS Hamburg Bevie Heidelberg
Jerusaleme Losdes
2,087.172.69 1,996,528.31
Pisos
NEW YORK STOCK EXCHANGE
Reuter Quotations
June
The following quotations were 26- reived by Beater:-- N.T./London 4.953 494 494%% NY. Cotton
July Oc
N.Y. Rubber
July
Sept
11.46 1146
11.16 11.15 11.15
72.62 12.61 12.61 1256
C. Wheat July 234 C. Carn July 80% Wheat Inly 8% STOCKS
83 80%
Herlin
"Palpin
:
Bombay
General
Bremed
Benit
Rewedan Some
Amer Smelting 41%
42
Shanghai
Con Gas NY.
24
24%
Cheste
Cas Colabo Copenhagen. Dabila
Florason
Elec Bond & Sh 81⁄2 General Motors 30% Int. Tel & Tel
.30%
8th
8%
Loew's Inc
Hoole Cale Kecile
Yokoh
NY. Central
Mootwe
39%
164 Standard Oil NJ 49 ULS. Steel
494 3244 32* 32*
Manager
Manager's Office
....Tel $3566
Foreign Exchange Dept. „
General Offon
Cashier's Office
32566 83567 *3563
Montgomery W. 25%. 25%
LONDON EXCHANGES
THE YOKOHAMA SPECIE BANK
Branches of Americm Express Com-
fri Principal cities pazy
of United States of America and Canada.
All ́classes of Commercial Banking. Kransactions undertaken.
Personal investment accountă. Thandled
The Company, offeri to kalending] (Travellers the, me of Ha. Miravalmen | Cheques" and Letters of Credit and, Capital (fully paid-up) Yen.100,000,000 in addition, the world-wide services Reserve Fund
Yen 125,800,000 if its thoroughly equipped Travel De-
Brussels Geneva
LIMITED.
-Established 1888
Read Office:-YOKOHAMA
-Brancher and Alexandria
Bembry
tien (Malden)
Jenstro
Docks, etc.
HK and K Wharves right $4 a HK and W. Docks $91⁄2... Providents (old) 30 cts. b. Providents (new) 20. cts. nhi Hongkew Sh. $2672 m. New Engineering Sh$5 a. Shai Decks Sh $110 m.
*Cotton Mills.
Ewe Cottoni Sh. $8.30 n Shanghai Cotton (old) Sh$70 m. Shanghai Cottons" (new) $43 n- Zoong Sings Sh. $81⁄2 n. Wing On Textiles, Sh. $55 22.
Lands, Hotels, etc. FL.K. and S. Hotels $4. b. H.K. Lands $32, $311⁄44/32^ sa.
100% n
Shanghai Lands Sh $20% n.
DR. SCHACHT REVIEWS SHAKEN EDIFICE OF WORLD ECONOMICS
INTERNATIONAL TALKS
LOSE USEFULNESS
PRIVATE BUSINESS MEN CAN BRING ABOUT REVIVAL
“CHINA MAIL" SPECIAL :
Berlin, To-day
ADVER
EW
SEMENTS
S WATSON & CO. LIMITED.
NOTICE
ON MONDAY, the 10th June. All Departments will be CLOSED_ The Hongkong Dispensary, Dispensing Department, will be OPENED for dispensing prescriptions from 10am to 1 pm. and from 6 pm to 7.30 pttli. --
BANK HOLIDAY:
Germany's willingness to co-operate with the other nations in TN Accordance with Government an endeavour to rebuild the shaken edifice of world economics was
Ordinance, the Exchange Banks stressed once more by the Reich Minister of Economy, the President will be CLOSED for the transaction of the Reichsbank, Dr. Schacht. in a speech delivered before the of Public Business on MONDAY Eleventh International Wool Conference, which spened here yester the 10th June, 1935. day-
das.)
*
(Whit-Mon-
Hong Kong 6th June, 1935.
PUBLIC AUCTION
Referring to the vast confusion and insecurity prevailing in the economic lives of most countries, caused by the political mistakes of the past, Dr. Schacht went on to say that international, political and economic conferences had outlived their usefulness. For this reason the meetings of private business men, who were directly in-] terested in the maintenance and revival of international economic relations, probably afforded a more appropriate means of returning instructions to sell by public to normal conditions.
The speaker appealed to the de- world war and had already proved legates to do their utmost inȚin practice the impossibility of working in their respective coun- their payment, were chiefy tries for international economic blame for the failure to get the co-operation, thereby contribut-international credit machinery, and ing their share to the tranquilisa-thereby normal trade, into working tion of the nations, –
order again. Germany, stressed Dr. Schacht, must put up with the Dr. Schacht insisted that the ex-foreign trade situation. as best cessive international political she could, but she was ordering debts, which were remnants of the affairs at home in such a way that;
Burden Of Debts
BANK OF FRANCE
SHOWS DECREASED
GOLD RESERVES
BIGGEST LOSS FOR
NINE YEARS
CURRENCY COVER DROPS
* 5 PER CENTE
~ CHINA MAIL" SPECIAL
*Paris, To-day.
unemployment would be banished and peace and security established în the economic life.
For two and a half years the foreign press had increasingly prophesied Germany's imminent economic and financial collapse, but
the speaker could only point out
that those predictions had not and would not come to pass.
Germany's 'Policy. Germany's policy of maintaining stable economic conditions and safeguarding her economy from the convulsions, which to-day had the whole world in their grip, pro-| vided the greatest guarantee for
N
THE Undersigned have received
Auction
On
Tuesday, the 11th June, 1935 commencing at 230 pm.
at their Sales Room, No. 35, Hankow Road, Kowloon
A Quantity of VALUABLE HOUSEHOLD
FURNITURE Particulars from Catalogue Terms: Cash on Delivery.
LAMMERT BROS,
Auctioneers.
Hong Kong, June 7, 1935.
NEW YORK STOCK® MARKET
Caution In Buying Still Advised
TAKE PROFITS WHEREVER POSSIBLE
In the market report Messrs.
the business man who could reckon Levy and Company, Corre with established conditions and the pondents for Messrs. White Welt
"Stocks: We still think that it In
The gold reserves of the Bank maintenance of the traditional and Company. New York, states of France decreased by 4817,- merchants" code of honour. 600.000 francs during the period order to preserve this situation is advisable to take profits and May 24 to 31, according to the Germany had been obliged to would caution against buying it weekly statement issued to-day-adopt musual measures, such as the market is strong Business
|done: 680,000 shares. This is the biggest loss of gold barter transactions and the pr
"Grains:-There is little change suffered by the bank since 1926, visional non-transference of cer but its gold board is still at the tain foreign obligations, but these in the market. Weather condi- staggering figure of nearly 72 mil- were the inevitable consequences tions are favourable and we would liards, with the gold coverage of the resalting for Germany from the avoid bulge buying. Total sales
14,738.000 bushels; Corn:-1-. currency having dropped, however, world's unsettled condition.
The question,
the 481,000 bushels, concluded from 78.22 per cent. to 73.35.
The aggravation of the financial speaker, which he wished to ask the
"Cotton: Uncertainties over
HK Lands 4% Debentures situation is characterised by the world was whether it could afford the Agricultural Adjustment Ad- cheques and bilis holdings having to forego a nation of 66,000,000 ministration are restricting busi- dropped by 2,326,000,000 francs to consumers. Events had shown ness The Government is trying to a total of 7,158,000,000 francs, while that the world, regarded from an maintain production control Wea- the note circulation increased by economic standpoint, did not wish ther conditions are favourable. 1,375,000,000 francs to a total of to lose this market-Trans-Ocean |82.57 milliards. Trans-Ocean Ser-Service-
vice.
Metropolitan Lands Sh. $10 2. Humphreys $8 1
HK Realties $3.80 m. Asin Realties "A", Sh.. Asia Realties "B", Sh. Chinese Estates: $90 m. China Realties Sh. 47 3- China Debentures $123 n.
Public Utilities
EK. Tramways $131⁄21⁄2 £ Peak Trams (old) $8 1. Peak Trams (new) $6 z.. Star Ferries $7772-1 Yaumati Ferries $20 n.
C. Light $3.60 b..
F.K. Electrics $584 b, $58/59 sa. Macao Electries $231⁄2 1
Sandakan Light $5
4
BERLIN STOCK MARKET
Smart Decline From Record Heights
**CHINA MAIL" SPECIAL.
Berlin, To-day.
COMMODITY PRICES.
*Copper: The Trade was a Bel- ler, while buyers were shy. Price Itesting orders were the only sup
port
Latest Quotations The following quotations havo
Pren. To-day
The following quotations have been received by Eeuter been received by Benter.
Pres. YesterdayNY/London Closing Closing.
Telephones (old) $19.10 by $204 last few days as a result of an Spot
Telephones (hew) $83% n. China Buses Sh. $8("etacin Singapore Traction 10/6 Singapore Pref. 22/6 1
Industriale
Malabon Sugar: 13% 45
cross-rate
NI Cotton July
4.954 -12.46
12.62
80% 304
Chicago Wheat: July 235
20 Bails
Montreal Silver-Dec: 74.25.740. Silver Official: 723 723
Dow Jones Averages 11.4230 Industrials 113.92 123.54 38 11.90
31.25 3110
| 20 Utilities. 21.00 20.71). 40-Bonda-8495 85.16/ 11 Commodity S
Index
| 56.84: 56.66^.13 04 Business Done: 680,900 shares.
New York Cottens July [October
11.46 11:56
NY. Rubber July
11.16
11.26
December
11.19
11.29
Chicago Cern July
Jan. (1936)
11.22
11.31
The dizzy heights to which March
11.32.
11.39
many share prices soared in the May
1134
London, Yesterday-
ILSO
$2.
Paris
75 17/64
New York
4.95%
Montreal
4.95%
29.17
xiety about the future of the currenNew York Rubber:-- cies of the glod blee countries, but Jaly unjustified by any real economic September facts, resulted in a sharp reversal December
12.62
12.55
-12.76 12.632
1296
12.87
15.20
Amsterdam Milan
7.33
59 15/16
Berlin.
Prague
12.24 1184
Cald: Macg. (Ord.), Sh1972 ̈Cald: Macg." (Pref.), Sh:$10 n
Canton Tees $180 11:
Athens
51T sellers
Cements $54"
Converted.
Shanghai
---1/75/8~
Hong Kong Other rates unchanged
-2/43/16
HK. Ropes $21.
Stores. ME
Dairy Farms $14 band a
Silver spot.
374
Watson 4.85 b
Forward
Lane, Crawfords $3
Warloan 32%
/16-
Mackintosh 49 m.
British Wi
Sinceres $8
War On (K): $100 n.
Miscellaneous:
E. W. DUGGAN,
Manager
THE WING ON BANK
SALUTED
«Hend-Office: Hongkong
Des Votez Road Central thorised Capital :3703000,000/
NDON BANKERS estminster Band, Ltd.
inge and evey
THE SHANGHAI COMERCIAL: KE SAVINGS BANK
Encorporated
descrip
Capital paid up
„ER Asementa. $185 m.
chaïuments: $5.40:
Enterpri
was at 234 to 3. Servic
RAW RUBBER PRICES New York Suger
Latest Quotations From
Singapore
No. 1 No.3 No. 1 Na
Con. Com
July
2.40
Sept
245 24
25202457
(1936)
Singapore New York:
* Dec Messi E B. Joseph & Co. have received the
W. J. Furness, a seaman of HAMS- sabmarine, Parthian, was fined $25 by Mr. Wynne-Jones at the Kowloon Magistracy yesterday for driving private car No: 1015 with- out due care on the Taipo Road on May 26, as a result of which a col- lision occurred with privat Na 2230, both cars being badly damaged.
Is It Insured?
as an indication of a more rational July
of the tendency yesterday, when January operators proceeded to profit-tak March ing The smart decline was view-May Dd by economic circles with relief Chicago Whest:-
13.03 12.94 13.26 13.14a 13.39 13.26
89%
estimate of the general situation. September
Fixed interest securities were December exceedingly quiet, prices being Chicago Corn: {mostly unaltered.
Call money July .... Trans Ocean September
3478
84% 877% 862
8038: 20% 75
December
642
Windpeg Wi July
83
rency: