BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
Authorised Capital
$30.000.000.
THE CHARTERED BANK OF INDIA, AUSTRALIA"^& CHINA.
Ised and Fully Paid-up 20,000,000 Incorporated by Royal Charter, 1855.
Reserve Funds:
Sterlin Silver
Reserve Liability of Pro-
prietors
HEAD OFFICE: LONDON
£ €300,000
$10,000,000
Paid-up Capital-
* 20,000,000
Reserve Fund
prietors
Abor Mar
TEAD OFFICE HONG KONG,
ARD OF DIRECTORS,
1. Thakuridi King
2. Kuight, Exy.
•Prju?? C'icsETORNEY.
V. 30, Mastura, timin
The Hann.
WH. Bell, Esq. K. S. Morrison Esq,
A. H. Compton Esq
£3,000,000 $3,000,000
#5,000,000
Reserve Liability of Pro-
Agencies and Branches:
ر امید
Limativni
Karachi
Klarte
Lunspout
S
Peter Belau
Thankkima
batan wa
Parzeln Sak
Ilya Ish
350 & 4 KING
[.Po vas has 5
[Caburta
Jinta
Dimens
Stadt
Mana
Strula
New York
• Kumar)
Perpisa
Hashta
Li
-u
Imiku
M. T. Johnson, Esq. Co Hon Mr. J Paterson,
7. E Pearce, Esq~lung
BRANCHES
G. Miskin, Esq-
BANGKOK BATANJA
JARAY
CURTA
CANTON
CRE
DATREN
RALPHONE
HATA
ANKOW
בירא
IMMKET
PLO
JONE
MHORE KORE
LONDON LYONS
MALACCA
MAMLA
MUAK Jew's
MADEN
NEW YORK
TEIFING
TENANG RAMICON
-4043
SAN FRANCISCYY
KUALA LUMPUR -
STANERAI
SINGANIRD
SURABAYA
SUNGEJ PATASI " TIENTSIS
TOKO
NIKGTAA
WKOHAMA
Free As seed in Ima: Currey out Fame gumita zverivaź the. you men te wister prende in Toral Company and Stering
zemin baris will he gumeni in application. Hong Kong, 6th April," 1935:
HONG KONG SAVINGS BANK
The Drite show. Bank in courers.
veď by the HOM KUN AND SLANG HAI BANKING CORPORATION.
ફરી આ કોparent;
YOR THE NING KONG AND SHANGILLA KANKING, CORIN+BAXIN.
VM GRAYBURN,
Chari Manajste
Bow hung with "February, 19
THE BANK OF EAST ASIA, LTD.
BLADEMICE:- THONG KONG
12 The Firms Final Contrai.
OARD OF MEECTORS --
das FP. K.
Chartmatu
Yang. Eng., Chin Chung Mark T. La Lan
Peug
Thitine
Tukita
This
festing ener
Zuri
Foreign Exchange sad Giecioral Bankštę hominem Parent Accounts speed and Fixed Depover ase year or shorice periode as rutes red for (wheels will be quoted on appimatta.
A BREARLEY,
Manager. Hong Kong, 1st January 1935.
THE BANK OF CANTON, LTD.
Established 1912.
Head Office:-Hong Kong.
Authorised Capital
Paid-up Capital
Total Resources
THE CHINA MAIL, TUESDAY, JUNE 18, 1935
Commerce and
Finance
LOCAL DOLLAR UNCHANGED Silver Prices Fall
The local dollar is steady, open- ing on demand this morning" atj 2/4
Silver prices dropped spot being quoted at 325, and forward at 32%.
.The London on New York cross- rate was quoted at 5-U.S31994 as compared with US$194 while the New York on London
at £ was quoted | cross-rate
US$493, as compared with US$4.94.
EXCHANGES
•
TO-DAY'S QUOTATION
$11,000,000 8,655,006 32170,492 On Shanghai-
On demand On Singapore
Branches: Canton, Toishan, Shanghai Hankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd.
Foreign Exchange and Banking business of every description trans- acted
-Current Accounts opened and Fized Deposits received for one year or shorter periods at rates which will be quoted on application.
Safe Deposit Boxes (various sizes) for hire
LOOK POONG SHAN,
Chief Manager
SAFETY FIRST!
To Safeguard Your Valumbles and Jewelleries.
Deposit them in a Vazhi
that is really: FIRE-PROOF BURGLAR - PROOF DAMP-PROOF!
OUR SAFE DEPOSIT VAULT
Male, Fe Ray Chou her, L. Kau located on the Mezzanine Floor
Hajh
Ka Raja Chal Manager.
Ti I Joma limpo, Markiser.
BRANCHES ANIS AGENCUES; -
Mid
thuthil
J'atte *,4;
J
1km
امل با الدحية
#
www.youtu
་----་
od Banking nowed
Exe
Per dew-mplesm Kantaremated. Uum granted an epitomed
Our New building is Specially Con- structed to provide all of these Im- portant Qualities.
may
On demand
On Japan---. On demand
On India...
On London-
On T.T. and demand
2/4
4 months' sight
2/4
Credits 4 months sight.. 2/534
140
99*4
1984
Oz T.T. and demand On New York-
1544
On demand
51
Credits 60 days" sight
On Batavia-
On demand
On Paris-
On demand
Credits 4 months' sight
On demand
Ca Manila
On demand
On Saigon
On Bangkok-
NEW YORK STOCK
MARKET
Caution In Trading Still Advised
INVESTMENT HOLDINGS SHOULD BE KEPT
In their market report. Messrs. Levy and Company, corres- pondents for Messrs. White Weld and Company, New York, state:
"Stocks: We still advise caution
Busi turb investment holdings.
trading, but we would not dis-
ness done: 910,000 shares.
"Grams: Excessive rains in many important sections of the Grain Belt have induced consider-) able covering by short interests. Offerings were on the light side. Total sales: 15,669,000 bushels; Corn: 3,402,000-bushels,
~(Continued on Page 7).
BERLIN STOCK MARKET Appreciable Change Reported
*CHINA MAIL" SPECIAL
Berlin, To-day.
market
share
Yesterday's 59% showed an appreciable change, business remaining quiet, though 84% some demand for stocks resulted prices strengthening $70 slightly. Business in fixed inter 917 est securities was also confined
in the
to small transactions, the prices 864 remaining practically unchanged. Call money was at 31% to 3%- 115 Trans-Ocean Service.
Of demand
Sovereigns bank buying rate
794 2/5%%
Bar silver per oz.
Bar silver in Hong Kong Copper cash
32%
E.ON
Copper cents
BERLIN QUOTATIONS
Berlin. To-day. Reichszark quotations (without guarantee) 10:1 are: New York, 4026; Paris, par-610.45; Amsterdam, 59.45; and The Paris sterl 30% dis
ing quotation is 74.72, and the pardellar.
15-1575. Trans-Ocean
3 Pa London. 1223 obtain a Safe Deposit
You Box in this most up-to-date Vault for your own use at a very moderate Bea
Inspection Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of lee House Street and Des Voeux Road, Central
THE
Jumped in Leral Curiones AMERICAN EXPRESS COMPANY,
and diari Pegenau vermeid say wow
wise 30 ang garganta 250 Lestand we Famiya CommMD; ALS ARTATION will de grangid in, wispelication, g
· Drums tienes ele
KAN TOMi no
INC.
Head Offer:65, Broadway, New York
-....U.S.$6,000,000.00
„Che! Manger,
Capital Sarples Reserves
Gra
Antwerp
Ashw
THE CHINA & SOUTH SEA BANK, LIMITED
(Incorporated in China)
Head Office.Shanghai
Capital.... $7,500,000.00
·Beserve
$1,500,000.00
Branches...All Important Cities
in China
Exclung and General
F BUNIT ST.
Current and Saving Accounts sported ani Fred: Dayanın evind some near your vie Maimane perinda
Bain Berlin
·Baby-
BRANCHES:-
Glangaw The Hague Hav Hamburg Haere. Badeferg inserinken Jerusalem: Loadou Ілечечерний
1 Luga
Stūma
-..
هم الدينية
Pic
Paris
Peiping
Palermo
Rate of native interest Chinese sub, coin Hong Kong sub, coin
NEW YORK STOCK EXCHANGE
Latest Quotations
June 18,
The following quotations were re- ceived by Renter
C. Corn July 75%
July
(Service-
CAMPHOR IMPORTS
INTO CANADA
Big Purchaser From: China
Ottawa. Because its cold winter climate causes Canadian men and women to wear furs. Canada is a big pur-: chaser of moth balls, used to pro- tect winter clothes from the ra- vages of moths in the
2,183,633.06 $70.731.05
July
Last close 10.20 11.00 NY/London £94
4.92% 492% N.Y. Cotton
July
11.66 11.62 11.65 11.35 *11:39 Oce
11.34 N.Y. Eubber
1219 1280 12.82
Sept
12.97 12.98 13.01
C. Wheat
July
78%
73
time
78
W. Wheat
$12
814
STOCKS:
Amer Smelting 43-
413
42
Con Gas N.Y." 23%
24
24
Elec Bond &
****
TH
21%
3 4147
26% 18% 173
491 23% 22K
• Rotem
SusaUampton Singapore
K
Banking
Cwing Calcutta Cutte
Coprobaza
Elinborgh Florence Gesta
Tintain
Janor
Majlis
Mouse Carin
Manila
Tar Vicans Venice, Xcha Zurich
až záton which will be quited on application,
SOU Z CHANG, - -
Manager,
.HONG KONG BRANCH:
Off
2. Dry Focus Bond. Central Ter Forrige Exclñisge Dept.
General Office
Cashier's Ofer
39306
THE YOKOHAMA SPECIE BANK
LIMITED.
Established 1880
Capital (full-aid-up) Yen 100,000,000 Reserve Fund - Yen. 125,800,000
Head Office:-YOKOHAMA
Branchez and Agencies at:
Alexandria Batavia:
Berlin
Bombay
Calcutta Canton
Nagasaki Nagoya
New York
Osaka
Paris Peiping
Dairen (Dalny) Rangoon Fengtien (Mukden) Rio de Janeiro
Hamburg
Hankow
·Harbin
Hong Kong
Honolulu
Hsinking
Karachi
Kobe
London
Los Angeles,
MAD
San Francisco
Seattle
Semarang
Shanghai
Singapore Sourabaya
Moj
Interest allowed for, counts
Deposits received
at rater to be obtai
Manich Montreux
of
Share General Motors 32% 22%
Tot Tel & Tel 8
Loew's Inc
42
Montgomery
Ward
2744 · 27 18% Branches American Express N.Y. Central Company in Principal cities of United Standard Oil
49 States of America and Canada.
24 US. Steel All classes of Commercial Banking
THE Transactions undertaken
Personal handled.
investment
accounts
The Company offers to intending Travellers the use of its "Travellers Cheques" and Letters of Credit and in addition, the world-wide services. of its thoroughly equipped Travel Department
E. W. DUGGAN,“
Manager.
THE WING ON BANK
LIMITED.
Head Ofees Hong Kong 26, Des Voeux, Road Central. Authorised Capital: $10,000,000
LONDON BANKERS: Westminster" "Band, Ltd. Foreign Exchange and every des- cription
of banking business transact-
Current Accounts, azad Savings Ac Crints opened. Fixed Deposits re ceived at rates which will be quoted on application Special zaten given for Special deposits
Trusteeship and Executorship un- Safe Deposit Boxes for
GOCKCHIN
ONG
NJ
49%
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED
(Incorporated in China)
Capital paid up .......... $5,000,000,
$7,300,000
Reserves Capital Savings Dept. $500,000. Reserve Savings. Dept. $600,000: Head Office-Shanglizi A Bark having · as its the industrial
mission
of her commercial reistions abroad. Hong Kong Office
China and the fallbane
+7, Ice House St. Phone 21481-2-3
Is It Insured?
LOT
American
General Agents
EK Office Asin Life Bulding
summer
Most of the camphor used in balls the manufacture of moth comes from China and Japan and this commodity forms a con- siderable portion of the trade be tween Canada and those tries. On 271 average Canada imports from 60 to 70 thousand pounds of camphor each year Reuter.
coun.
EXPORT BANS
ON SILVER
Government Order In Kiangsi
Nanchang
LOCAL SHARES
TO-DAY'S QUOTATIONS
TOURIST TRAFFIC INCREASE
NEW ADVERTISEMENTS
The following is the list of local German Shipping Firm share quotations issued to-day~~-
In order to preserve sufficient} [cash for circulation in the-pro- vince, the Kiangai Provincial Government has issued an order banning the export of silver.
The order states that silver an be freely circulated among the various cities in the interior, but is not permitted to be trans- ported to the river ports such as Kiukiang and Kanchow Chekiai Agency..........
Huom Follows Suit Another --- message - from Changsha said that the Human Provincial Government bad issued a proclamation last Sun day providing that begiming from last Tuesday people leav ing the province for other parts of the country are permitted to carry with them a maximum sum of $50.00 in silver, and any amount exceeding that sum will
iscated unless a speciali
previously applied for from the Frogin" Chekist
Banks
HK Bank $1,010 b H.K. Bank (London) £12134 1. Chartered Bank £14 D Mercantile Bank A. & B. SIK
Th
Mercantile Bank G 13 D Bank of East Asia $87"n" Ain. 0. Finance Corp. - China O. Fin Ord. Sh China 0. Fin. Pref. Sh
Insurances
Canton Ins. $20$ a. Union Ins. $3473% 1. China Underwriters 60 cts. In China Fire Ins. $382 n FA Fire Ins. $200 a. International Assce. $4
2
Shipping
* Douglases $36 n.
HK Steamboats. Si'n. Indo-Chinas (Pref.), $30 n. Indo-Chinas. (Def-), 339 n. Shell (Bearer) $71304 n. Union Waterboats $11 D.
Mining
3
Antamois 71 cfl. n.. Malatocs $34 a. Baguio Gold 21 cts. .. Benguet Consolidated $10 "b. Benguet Exploration 10 ets. II. Benguet Goldfield $10 Big Wedge 8 cts. Gold Creek 30 cts. 1. Gold River 3 cts. t. Ipo Mining 90 cts. n. Itogons 31 cts n Salacots 12 cts. D
Kailan Mining Ad 15/- 1 Langkats (Single) Sh $14 S'hai Exploration Sh. $414 n Shai Loans Sh. $51⁄4 1. Raubs $5.15 1. Venz: Goldfield $5 1.
of
Answers Call
LUXURY LINER BACK ON REGULAR SERVICE
CHINA MAIL" SPECIAL
Bremen, To-day.
NOTICE
HONG KONG AND KOWLOON
-WATER SUPPLY ·· TT IS HEREBY NOTIFIED that
In view of the tremendous rise commencing ön TUESDAY, the tourist traffic between 18th June the Hours of Supply to America and Europe, which is all Districts on the Island will be taxing the big liners to capacity
611 a
and 49 pm. and holding promise for the best A constant supply to all dis season since 1929, the North Gertricts on
the mainland wil man Lloyd have decided to put the given commencing on Tuesday 34.000-ton liner Columbus, which 19th June.
for the past year has been almost exclusively employed for luxury cruises, back into the regular Bremen-New York service..
(Continued
on Page *)
WALLACE HARPER MEETING Exchange's Bad Effect On Profits
be
R. M. HENDERSON,
Water Authority: Public Works Department. Hong Kong. 17th June, 1935.
N
NOTICE
LANE, CRAWFORD, LTD.
TOTICE IS HEREBY GIVEN
the that
THIRTEENTE ORDINARY YEARLY MEETING OF SHAREHOLDERS will be held in the Lounge adjoining the Com-
BRIGHTER OUTLOOK IN 1935 pany's Restaurant, 1st Floor, Ex- change Building, Hong Kong, on ex-SATURDAY, 29th June, 1935, at
The
Fluctuations in the
change had a serious effect on the 11 o'clock a.m.
profits. of Wallace Harper & Co. The TRANSFER BOOKS of the Ltd, declared the Chairman, Mr. Company will be CLOSED from Wallace Harper, at the Annual 21st June to 29th June 1935, both Meeting held on Friday last at the days inclusive. Company's registered offices.
not The year, however, had been without its bright side, the Chairman continued, for daring the period under review it had been found possible to re-open a branch office in Canton and also! to build more spacious and too- dern, premises in a better suited HK and K Wharves $75 s.and more convenient locality.
Ch. 715.
Docks, etc.
•
The outlook for the automobile HK and K Wharves ex right trade in China was satisfactory, and this could well be judged by
s.
H. K. and K. Wharves right $1 the rapid strides that are being! made in road construction in the Sinterior.
S
H.K. and W. Docks $9% 11 Providents (old) 85 cts, ne Providents (new) 20 cts. I. Hong Kew Sh. $240 n. New Engineering Sh. $4 n. S'hai Docks Sh. $90 n.
Cotton Mills Ewo Cottons Sh. $8 m. Shanghai Cotton (old) Sh
$661⁄2
Shanghai Cotton (new) $41)
众
Zoong Sings. Sh. $84 D
Do
Wing On Textiles, Sh. $55 a.“
Lands, Hotels, etc. HK, and S. Hotels $4.35 s. H.K. Lands $33. HE. Lands 4% Debentures
10032 b Shanghai Lands Shi $20 Metropolitan Lands St. $10 Humphreys $8. HK Realties $4 n. Asia Realties "A", Sh. Asia Realties “B”, Sh. Chinese Estates $90 n. China Realties Sh. $4 n China Debentures $123 A-
Public Utilities HK. Tramways $12.85 b., $13 sa. Peak Trams (old) $7 n. Peak Trazas (new) $5% n Star Ferries. $77 n. Yaumati Ferries $17. C. Lights-$8.90 b., $9 s., $8.90 s2 H.K. Electrics $57 h. and sa. Macão Electrics $2311⁄2 1- Sandakan Light 311⁄2 s Telephones (old) $20 b. Telephones (new) 383⁄4 n' China Buses Sh. $111⁄2 1. Singapore Traction 10/6 b- Singapore Pref. 22/6 b.-
Industrials Malabon Sugar $81⁄2 n Cald: Macg. (Ord), Sh. $19
D
Cald: Macg. (Pref), Sh $13
Canton ices. $180 Cements $5 n. Converted. HK. Bopes $2; z- Stores, etc. Dairy Farms $15. Watson $31⁄4 në lot Lane, Crawfords 321⁄2 Mackintosh $9 ¤. Sinceres $8 a Wm Powells, 70 cts. Wing On (HK)) $100 x-
Miscellaneous
H. K Amusements $135 2. Entertainmenta: 36 s. 199
S. C Enterprises: $1.35 1. Macan "Greyhounds" $2 Constructions (old) $140 ZS Constructions (new) 45 cts. ni Vibro Filing - Sema Ch. Govt - 5% 1925 _ G£Bds.--
Wallace Harpers $5
5%%%
POSTAL REPORT FOR 1934
13,509,183 Stamps Sold
POSTMASTER GENERAL'S
STATISTICS
By Order of the Board of Directors.
A. W. BROWN, Manager & Secretary.
Hong Kong, 18th June, 1935.
LUXURY TRADE OF COLONY Figures For 1934
MORE TOBACCO SMOKED
LESS LIQUOR DRUNK
According to the Report of the Colonial Treasurer for 1934 the public last year paid $30,544 in excess of the estimated revenue of $675,000 for import daty-on Motor Spirit.
the while
estimate of $15,000 for licences for motor vehicles was exceeded by $13,333.
Increased consumption of cigars, cigarettes and tobacco was respon- sible for an
revenue of $153,534 over the estimate., of
excess
A total of 13,509,183 postage $2,300,000. stamps were bought by the Hong On the other hand less alcoholic Kong public during 1934, accord-liquor was consumed. The actual ing to statistics issued in the revenue from liquor duties fell Annual Report of the Postmaster $89,828 short of the estimated re-
The venue of $1,000,000. General, Mr. M..J. Breen. total revenue from this source crease was reflected in the lower was $1,142,099.
revenue for liquor licences, a de- Five cent stamps proved the crease attributed by the Colonial Įmost popular 4.888.080 being Treasurer to the trade depression.
sold. Next in popularity were!
the two cent stamps, used for local postage for unsealed velopes, of which over 2,000,000 || were sold.
cent
A total of 1,634,400 ten stamps, used for postage on let- ters within the British Empire, were purchased.
(Continued on Page 7)
U.S. SUBSIDY ON WHEAT EXPORTS Expected Surplus Of 25,000,000 Bushels
Washington, To-day. The Agricultural Adjustment Administration is considering subsidising the exports of ap- proximately 25,000,000 bushels of surpins soft white wheat from the Pacific North-West, with the idea that such action would take care of the antici- pated small wheat surplus.
In this connection consider fable pressure has been exerted recently to revive the North- Pacific Emergency Export As sociation
Reuter
US. TRADE WITH PHILIPPINES
Cordage Imports Agreement
Washington Tod President Roosevelt has siga ed a bill firing the duty-free 2% | ports of Philippine com
0.000
pounds: annually.
This de-
. Everything gone..BUT YOUR.
SAVINGS
RENT
*FOOD
CLOTHING
HEAT
TAXES
WATER
CHITS
SAVINGS
SAVE SOMETHING START NOW
UNDERWRITERS SAVINGS BANK FOR THE FAR EAST, INC
Asile Hong
ailding