BANKS
HONG KONG AND SHANGHAI- GBANKING CORPORATION
horised Capital
$50,000,000 ened and Fully Paid-up. 20,000,000|
serve Funds:-
£6,500,000
ver $10,000,000
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1853.
HEAD OFFICE: LONDON
£3,000,000
Manjoom Saigon Scarsing Bercobaa
Paid-up Capital
Liability of Pro-
Reserve Fund
$$.000.000 £3,000,000
20,000,000 Reserve Labity of Pro-
HEAD OFTEILE:"BONDIONG.
prietors
ROAID OF DIRECTORS.
E. Dodwell, Eng.
Agencies, and Branchen:
Hoda
Azorilar
Bangkok
e C. Knight, Eng.
Devety Chabra...
Bombay
on. Ms. W. H. Bell
J. A. Plummer, BSG
Chaton
Lampr
Ch
E Compton Esq
Madron
Isiping
Daar
Balptent
New York Pulping
[Paking
Tokoama
M. T. Johnson, Esq.
"Hon, Mr. J. I. Paterson,
Makin' Esq T. E Pearce Esq.,
T. 2. Grybara, Jan.
:Cidal Manage
Caba
KUALA LUMPUR
LONDON
OKS
MALACCA
MUAR GJobaru)
KEW YORK
MUIDEN
PELPING
PENAT
BINDOO
SAIGON
-
SAN FRANCISCO
SHANGHAI
KINGAPORK
FÖURABAYA
SUNGRI PATARI
PIENTENS
TOKYO
TRINOTAQ TOKOHAMA
Carrick Lancusiin apronť tu Zonal Quermey Sand Pond Deposite svenired for me qui d 34mur patioles Large Coraymay and Burling ures which will be quomdl, un suplication. Hong Kong, 7th May, 1935
HONG KONG SAVINGS BANK.
The Drinition of the shoes - Bank is sondoca Ad by the HONG KONG AND SHANGHAI EASTING CORPORATION. Bale, may be obtained or application.
POE THE HONG KONG AND SEAÑOBAT
•RANKING CORPORATION.
V. M. GRAYTURK;
Chief Manner Hong Kong, 25th February, 1935.
THE BANK OF EAST ASIA, LTD.
casion Capital
--833,000,000.330
****ro sal Godivided Prodis, w$3,49,900.00
KEAD OFFICI=BOSU KONG
De Fever and Contr
BOARD OF DIRECTIES :-
The busracus. Lanon, Chairman.
Ian Chan, Xog. F. Imok, The, Wang
*. Tong, 20g. Cónt Ong Stok, Lagu
The Wong Can Son, Bags and San
In Tong Fv. Eng. Diet Manager:
The Fang. Engi. Nanoget. "BRANCHES AND LOENCIES J
Kanin
Paraine
Bad Frame
Bong Lang
TROEDE
Gingapo
Baw
THE CHINA MAIL - WEDNESDAY, JUNE 12, 1935.
Commerce and
LOCAL DOLLAR
STEADY
Silver Prices Improve
The local dollar is steady, open- ing on demand this morning at 12/4
Spot silver advanced a half- penny to 33-3/15 and forward to 33-7/16.
The London or New York cross- rate was quoted at S-US$49374 as compared with S-US$491. Forvigs" "Domhange- and Gintimes.” Butting destinees (while the New York on London Comes Arouza opet mad 'Finad" Deponim (cross-rate was quoted at US De az analogue baden, sa r$194 as compared with 5-US.
A. BREAKLET. $4.927%- Managem
which will bu qarted on applekken.
Hong Kong, 1st. January, 1835.
THE BANK OF CANTON, LTD.
Established 1912.
Head Office:---Hong Kong.
Authorised. Capital
Paid-up Capital
Fotal Resources -
EXCHANGES
TO-DAY'S QUOTATION
Branches: Canton, Tolában, Säunghai, On demand
On Singapore-
On demand Foreign Exchange and Banking business of every decription trang On Japan— acted
On demand
Curent Accents opened and Fixed On India Deposita recetred for
ons - year or shorter periods at rates which; wht beļ quoted on application.
Safe Deposit Boxes (vazioan, xlpes)
Finance.
LOCAL SHARES.
TO-DAY'S QUOTATIONS
The following is the list of local sbare quotations issued to-day-
Banks.
HE. Bank $1,040 HK. Bank (London) $124 Chartered Bank £14 n.
Mercantile Bank A. & R. $314
Mercantile Bank C. £1334 2. Bank of East Asia $51 m. Am O. Finance Corp. China 0. Fin Ord, Sha China 0. Fin. Pret. Sh.
· Insurances, Canton Ins$203 Union Ins. $345 sa-
n.
China Underwriters 60 cha no.. China Fire Ins. $382 n. HK Fire Ins. $200 m International Assce: $4 22.
Shipping
Douglases $35 °z.
HK. Steamboats $4 n.. Indo-Chinas (FreL), $30 n Indo-Chinas (Def), $33 n. Shell (Bearer) $71/101⁄21⁄2 n. Union Waterboats $111⁄4 n.
Benguet Goldfeld $10 n.
NEW YORK STOCK AGREEMENT BY STEEL
MARKET
High-Grades Still In Good Demand
NO ADVANCE BEYOND MAY TOP LEVELS EXPECTED
Da their market report, Mesure. S. E. Levy and Company, CONTER- pondents for Mesura, White Weld and Company, New York, states—
TRADE INTERESTS
BRITISH CO-OPERATION
I WITH CONTINENT
COMPACT COVERS SUPPLIES
AND MARKETS
London, To-day.
"Stocks: Investment demand for high-grade issues cortines, but we
The British Iron and Steel Federation, in a statement. re- anticipate increasing resistance to
garding the conference with the International Steel Cartel held in Jany advance at around
the May Luxemburg on June 4, says that the British Delegation consisted high levels. Business done: 1,150 of 10 members, representing various sectional interests, led by the President, Lord Dudley, and the Chairman of the Executive Com=" "Grains. There is a lack of out-mittee, Sir Andrew Duncan, who acted as Chairman of the British side interest. Uncertainties re- sarding Canadian grain legislation
000 shares.
Delegation at the conference.
Heads of the agreement were settled for the co-operation of are- keeping buyers cations the British industry with the International Steel Cartel at the ex- Total sales: Wheat: 13,807,000
piry of the present temporary agreement on August § next. bushels; Corn: 6,881,000 bushels.."
(Continued on Page TJ.
COMMODITY PRICES
The following quotations have been received by Reuter.
July October
January
11.43
REICHSBANK RETURNS
Gold Stock Increase Reported
CREDIT. ISSUE DECLINE
* CHINA MAIL" SPECIAL
Berlin, To-day.
By the terms of this agTEE- ment, which is. for five years with a break at three years at the instance of either party .on giving six months" previous Do tice. imports into the British market from cartel countries of all iron and steel products.com- ing within the purview of the ¡Federation shall not exceed 670,000 tons during the first 12 months.
In each subsequent year during: the life of the agreement, imports The Reichsbank returns dated shall not exceed 525,000 tons per June 7, issned yesterday, shows annum. noticeable increase in the total
Neutral Markets
amount of legal tender in circula- The agreement also secures for 12.762 12.79 tion by about 170,000,000 marks the British industry that proper 1285 12.90
This being explained by the exception of the total export trade in 18.05 3.12 tional demands for ready, cash to nestral markets which it enjoyed 13.162 13.203 finance the Whitsuntide holidays. 13:50 13.33a
On London
On TT and demand
4 months' sight
2/4 2/4/
Prev. Yesterday Closing Closing
$11,000,000
New Turk Cotton
Credits 4 months" sight ...251⁄2 8,575,000 22.170,482 On Shanghai...
140
Hankow, Bangkok & San Francisco. London Barking: Lloyds Bank, Ltd.
Mining,
December
9934
Antamoks 71 cts. b. 70/71 sa- Balatoes $34 n.
Jan. (1936)
11.57 11.56 11.26 11.26
11.26 11.9% 11:30 11.28
March
1134 1137
1983
On TL and demand
1544
Bagnio Gold 21 cts. n. Benguet Consolidated $10 m. Benguet Exploration 10 etsi ni
May
Spot
1138 11.95
11.90
New York Rubber-
July
On New York-
Big Wedge 8 cts. I.
September
On demand
ST
Gold Creek 30 cts.
December
Credits 60 days” sight
60
Gold River 7 eta, m-
(On Batavia-
Ipo Mining 90 cts. b.
March
On demand
8434
May
13.45
¡On Paris-
Salacots 12 eba. n. *.
Chicago Wheat:
On demand.
870
Kailan Mining Ad. 16/6 1.
July
882/4
83%
Credits 4 months" sight
920
Langkats (Single) Sh.$14 m.
September
841
8474
On Saigon.
Shai Exploration Sh.$475 m
December
867
86
On demand
8654
Shai. Loans Sh.$T3⁄4. z.
Chiengo Corns-
Banks $5.15
July
8214
$2
115
Venz: Goldfeld $5 m.
September
75-4
75%
Docks, Etc.
December
64
6334
792
83 834
af
33-3/16
Bar Silver in Hong Kong.... nom Copper Cash
H.K. and K. Wharves er right New York Suga
80 3
Na
HK and K. Wharves right $2 &
LOOK POONG KHAN,
Chist Manager
SAFETY FIRST!
To Safeguard Your Valuablas and Jewelleries.
Deposit them in a Vault
that is really FIRE-PROOF BURGLAR-PROOF DAMP-PROOF!
OUR SAFE DEPOSIT VAULT
located on thể Mezzaning: Floor
Live Dar New building is Specialty Co
stracted to provide all of these In- |portant Qualities.
bvity hmeription at Banking and Buchungs
more. Loune gunited na agyermedi
Ourmond --Aromunte comme la Loot Oumm ***riar “paciola is. Loosi and Zweigs. Carmenclat 1. Mens which will be quoted an oppčiostion. Gate" Deposit Buses to Lau
KAS TONG PO.
Chial Manager.
HE CHINA & SOUTH SEA BANK”,
LIMITED
(Incorporated in China)
Head unles
Capital
Shanghai
$7,500,000.00
$1,500,000.00 All Important Cities
in China
and General
Foreign Exchange
Baking Business transacted.
Current and Saving Accounts opened
Fixed Deposita received for one
far or shorter periods at rates which
ll be quoted on application.
SAU 2 CHI NG
* HONG KONG HEANGEL
24, Des Voeux Boad, Camined,
Tel. 25565
- 33547
Manager's Office
Foreign Exchange Dept.
General Onics
Crabier's Offer
HE YOKOHAMA SPECIE BANK
LIMITED.
tablished. 1889
On Manila-
On demand
On Bangkok-
On demand
Sovereigns bank buying rate 2/5/%
Bar silver per az
You may obtain a Safe Deposit Copper Cents
Box in this most izp-to-date Vault for Rate of Native Interest ...3% pa. your can use at a very moderate B-Chinese Sub. Coin
Inspection Cordially Iveitad. –
THE NATIONAL COMMERCIAL
& SAVINGS BANK, LID. Corner of Ion House Strast and Des Tonx Zood, Contrat
WWII.
30% dis
Hong Kong Sub Coin
LONDON EXCHANGES
Itogans 31 es b
H.K. and K. Wharves $81 a. Cum Winnipeg Wheat:
July its
HK, and W. Docks $931⁄2-m.. Providents (old) 85 cts, 2. Providenta (ney) 20 cta. n. Houskew Sh. $240 m. New Engineering Sh. $4 m Shai, Docks Sh, $90 m. :
Cotton Mills.
Ewo Cottone Sh. $8 zi. Shanghai Cotton; (old) Sh. $661⁄4
Shanghai Cotton (new) $414
July Sept
in 1934. The existing internation- The gold stock increased 0.7 mil-al agreements in which the British Bons to 83.1 million Reichsmarks, industry is participating, covering while the foreign currency reserves rails, tinplates, etc, form an in- remained unchanged at 40 million tegral part of the general agree- Reichsmarks, making a total in-ment. To give effect to the gen- crease in the note cover of 0.7 mil-jeral agreement, a number of sub- {Hons to 871 million Reichsmaries
sidiary agreements will be neces-, The note issue decreased. 777 mill-
sary, involving negotiations be Lions to 3,732.3 milicas.
«tween various sections of the iron. The amount of credit issned, as and steel industry and the corres measured by hills, cheques, advancespording sections or countries in and investments, decreased by 125.8 the cartel. These negotiations are millions to 4,416.9 million Reich-proceeding and will be pursued 1 No.3 No.1 No.3 marks Trans-Ocean Service unremittingly until completed. Can Con Con Con 2.40 238 242 24
Co-Operation Vital
2.45 243 2.48 2.46
Dec. 251 2.46 2.54 245 TOURIST AGREEMENT
Jan. (1996). 235n221: 2.27:226 March
20
228
New York SAK:- July
1.332 133
Paris
New York
London, Yesterday. 74-39/64 493%
September
133
1.33
December
-1.32
1.33
Montreal Silvers
IL
Montreal
4.94
July
73.75
73.70
Brussels,
29.11
*Genera
15.14
Amsterdami
7.29%
Zoong Sings Sh. $81⁄2 1. "Wing On Temiller, Sh. $55. 2.
'Lands, Hotels, etc.
September
December
January
Milan
Berlin
59-13/16 12.22.
HK. and S. Hotels $4.35 xâ. HK Lands $3234 b.
Prague
„U.S.$8,000,00LOS -
2,687,111.59- 1,995,528.31
Helsingfors
Madrid
AMERICAN EXPRESS COMPANY, INC.
Head Office:---$6, Broadv23, New York
Capital
Surplus
RENTYES
omber
BRANCHES:—
Hagas
Naples
Paria
·Polpen Paineme Beveri
Bucharest Montevideo Shanghai :: Other rates unchanged. Silverspot Silver Forward War Loan 32%
m
Colombe
Mdabergh Floren
Monte Carlo
Zortels
Branches of American Brgüin. Com- [pany ́ in Principal cities of United
States of Ameries-and. Canada.
All classes of Commercial Banking Evenractions undertaken.
Personal investment, accoVEŽI handled.
The Company offers to infanding krævellers the men of its mineralens {{Cheques"" and Letters of Cindit sad, la addition, the world-wide services
apital (fully paid-up) Ten 101,000,000 of its thoroughly equipped Traval De
Fund
· Kent Office:
er 125,800,000
OHANA
Narasaki Nagoya
New York Craica
E. W. DUGGAN,
118
2274 36-3/32
485
39% Sel Of
1/7/%
$3-3/16
33-7/16 105-7/16
-British Wireless Service.
THE MERCANTILE BANK OF INDIA, LTD.
HELD 'GFPICB
28. Bravodurch Sienet, Authorised" Capital
Jaa, KCS.
Subscribed Capital 1,80 Paid-up Capital.... 1,050,000 Beserve Fund & Rest. 1287, 432
(The Hank of Harland & Kind Buik, Lal: BRANCHEES
New York:
Colombo
Karachi KolaZanz
Losi Lampe
Bow's
Trustee "and. Dysentorale
taken.
Manager.
なま
THE WING ON BANK
LIMITED
Head Office: Bougkong 28, Des Voeux Band Central: Authorised Capital $14800,000 LONDON BANKLES, Westminster Band, Ltd. Foreign Exchange and every descrip. tion of banking businesses Sansac Current Accounts and Savi Accounts opened: a Fixed Depar received at rates which will be quo
Special rates given
Special
Trusteeship
Safe Deposit Box
(Mangiting).
Hong Kong, 1st April 1985.
THE SHANGHAI COMME *SAVINGS BANK LIN
(Incorporated, fr Cate
Capital
HIK. Landa +47 De
100
Shanghai Lands Sh.$2051⁄2 n Metropolitan Lande Sh. 310 n. Humphreys $8 1
HK Realties $380 b. Asis Realties “A”, Sha Asia Renities “B”, Sh. Chinese Extater 390 1. China Realties. Sh.- $4 n. China Debentures $123 n.
Public Utilities
HK. Tramways $13.70 zl Peak Trams (old) 74. Peak Trams (new) $53⁄4 n. z Star Ferries $77. De
Yaumati Ferries $29 n.
7440 74.425 75.25 75.50 75.350
75.30
BERLIN STOCK MARKET
Stormy Upward Trend Not Renewed
Rumania Now Open To Germans
The statement adde" "he" imi”-
portance of comprehensive co
operation between such basic in- dustries, on`a world-wide scale can
hardly be exaggerated; in effect
it is calculated to have an increas- - Jing economic stability in partici
· CHINA MAIL”, SPECIAL pating countries and thus contri
buting substantially to the "restor- Berlin, To-day. Ramania has also become accessi-British Wireless Service.
ational trade and prosperity."
ble to the German tourist traffic since, according to the text of an agreement published yesterday in the Beich Government Gazette,
BERLIN QUOTATIONS every traveller may now take 500 marks in the form of letters of
Berlin, To-day Reichsmark quo credit, hotel coupons and drafts for rations (without guarantee) are expenses for one month's stay, and Paria, sterling, 74%, and the dol can have a further amount of 500 lar, 15.10-Trans-Ocean Service marks each two succeeding months sent from Germany, No special permission is required for those travelling on holidays or for re- cuperation
This is a further approach to the Is It Insured? ?
***CHINA: MAIL ** SPECIAL
Berlin, To-day. More rational counsels seem to have prevailed in the share market normal state of affairs and widens yesterday, since no trace of the the sphere available to German stormy upward tendency of prices, tourists, who have hitherto been div. which reached a climax last Friday,commed chiefly to Switzerland and div. was evident Comparatively little Italy, which have tourist
C. Light $8.80 by $3.85/-90 sa EK. Electrics $58 3. Macao Electrics $2341⁄2 n. Sandakan Light $5 % Telephones (old) $20 n Telephones · (new) $83⁄41⁄2 n. China Boses Sh$111⁄2" *** Singapore Traction 10/6 bi Singapore Pref. 22/8 b.
Industrials
Malzbon Sugar $811⁄2-3
Cold: Maeg. (Ord), 8h$19%1⁄21⁄2 n. Cald: Macg (Pref.), Sh.$17 xư Canton Ices $1.80 1
Cements $5% n. Converted. HK Ropes
Past Stores, ee Dairy Farins $144; Watson 23.90 b Lane, Crawfords $3 Mackintosh 39 m Sinceres $8 *
Win Powells/70 ctx »..
O
$100
agree
stock was offered, but buyers were ments with Germany.--Trans-Ocean almost, non-existent, so that prices Service
were weaker all round, many shares declining 3 per cent and
more.
This ag was particularly pro ket was quiet as heretofore, prices nounced in metallurgicals and elec-bein almost unchanged. trica.
was at 3 per cent.
The fixed interest securities mar- Oce
LOWEST RATESSE Americus Asiatic Underwii
Fed. Is., USA
Head Offer
The Bun
Come On!
Get In The Swim! Have A NEW Suit
This Year!
WE CARRY A WIDE VARIETY OF BATHING SULTS:
SWINE MING TRUNKS SLACKS AND SHORTS OF LATEST COLOURS AND MODELS
ATTRACTION FOR THESEEFTE
CHINA EMPORIUM LTD (2nd fle)