BANKS
THE CHARTERED BANK OF BANKING CORPORATION INDIA, AUSTRALIA & CHINA.
HONG KONG AND SHANGHAI
$50,600,000
Authorised. Capital
Issued and Fully Paid-up 20,000,000 Incorporated by Royal Charter, 1553. Reserve Funds
Sterling ... £6,500,000
Silver
$10,000,000
Beserve Liability of Pro-
prietors
HEAD OFFICES LONDON
20,000,000
| Paid-up Capital
Reserve Fund
HEAD OFFICE HONG KONG..
BOARD OF DIRECTORES.
So E. Dodwell, Eng
Chairman,
G. Kucht, Eng.
Deputy Common
T. N. Ürayburn, Eng;
Chief Mannger.
W. H. Bell, Esq. K. S. Morrison Es
A EL Compton Esq
Reserve Liability of Prom:
prietors
Der Nar
1nia ea
Bangkok
Boobay
£3,000,000 £3,000,000]
£3,000,000
Agencies and Branches: ::
Dozio
Ipoh -haruchi Klang Jobo.... Suais
Bingoon
Semarang Serezban
THE CHINA WAIL, FRIDAY AND 21, 1935.
Commerce and
Finance
LOCAL DOLLAR RISES
Silver Prices Also -Improve
The local dollar has risen a farthing, "opening on demand this morning at 2/33%. **
m
Caspare
MT Johnson, Esqu Colombo
Hon. Mr. J. J. Paterson,
Devil
Haiphong
G. Miskin, Esq., I. E. Pearce, Es4 Hamburg
HANGFOR
BATAVIA
BOMBAY CALCUTTA CANTON CHEFOO
COLONO
DATERN FECHOW HAIMPONG
HAN TRG
BANKOW
FARMIN
HONGKET
LINLO
IM
HOLE
KOBE
ZOWLOON
BRANCHES que
LONDON JONS
MALACCA
MANILA
MTAR oboru)
MUADEN
NEW YORK
PEEPING
PENANG
RANGOOS
SAIGON
SAN FRANCISCO.
KUALA LENTUE
SHANGRAT
SINGAPORE.
SOURABAYA
SENGE TATANI
TIENTSIN
TOKYO
TSINGTAO
YOKORLAMA.
یا
most frenante opioned in Twocal Cummary and Facs Depausta innebred fw one year of -Whoren Dude in Tank Coenpaar and Kerling Tom Toyota to tajnie wról? I'm geomand an appiuraELINGER,
Hong Kong, 6th April, 1935.
HONG KONG SAVINGS BANK
The of the show Bessi in condus: ad by the-HONG RONG AND SHANGHAI BANKING CORPORATION. Fisine Day De -minaredne muplication,
- To All: Hải TĐ NANGA BANKING CORPORATION,
VM. GRAYBURN,
Kami DimageI
Bong Keag. Mobergey, Zak,
Emakor
Lauper
Inching
ndan New Jack Priping
Pricing)
Pros
Singapore
Pourabaya
Taping
Tongs
Bhaker) Tengtso Yokohama Zamboanga
Silver prices rose . spot being quoted at 32 5/16 and forward at 32/9/16
The London on New York cross- rate was quoted at # US$4.93754
For Exchange and General Banking Dusias compared with S-US.$4.93%. London Current Accounts opened and Fixed Depout while the New York on merived for one year or shorter periods at me cross-rate was quoted at.. which, will be quoted on application.
US$1931⁄41⁄2, as compared with S-- Manager. (US$493%.
A. BREARLET,
Hong Kong, 1st January, 1935.
THE BANK OF CANTON, LTD.
Established 1972. **
Head Ofice-Hong Kong
+3
Authorised Capital
Paid-up Capital
Total Resources
EXCHANGES
TO-DAY'S QUOTATION
LOCAL SHARES
„TO-DAY'S QUOTATIONS-
The following is the. Est of local share quotations issued to-days- Banks
HE Pink $1,015 h, 31,000 s HK. Bank (London) £119 m. Chartered Bank $142 14 Mercantile Bank A. & B. $314
Mercantile Bank C. £181⁄2 1. Bank of East Asia. $81. ni
Insurances
Canton Ins. 3203.. Union Ins. $345 b. and sai China Underwriters 40 cts. 1. China Fire Ins. $582 n. HK Fire Ins. $200 m. International Assce. $4 ne
Shipping
Donglases $36 1-
HE. Steamboats $4 n- Indo-Chinas (Pref); $30 'n. Indo-Chinas (Def), $33 n. Shell (Bearer) 70/- n. Tinion Waterboats $111⁄4 n.
Mining
On London
$11,000,000 8,655,000
On T.T.and demand
2/3%
4 months' sight
(2/334
32,170 499
Credits 4 months sight. 2/47%
Antamcks TI cts. n.
On Shanghai
On demand
140
Branches: Canton, Toishan, Shanghai
Hankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd, On Singapore Foreign Exchange and Banking On demand business of every description trans-On Japan- acted
Current Accounts opened and Fixed On demand Deposits received for one year or On India- shorter periods at rates which will be quoted or application
Safe Deposit Boxes (various sizes) On New York-
for hisze 3
THE BANK OF EAST ASIA, LTD.
Authored Capital
Paid-up Caper?
Everse and Undive Profi
...$20,000,000,000
204,0×108
HEAD OFFRWELTONG KONG
12 Dow Vimar Hood ventral.
--BOARD OF MEE
-
Nur Sjamani Chow, CommaO).
LOOK POONG SHAN,
Chief Manager
SAFETY FIRST!
To Safeguard Your Valuables and Jewelleries. Deposit them in a Vault
.98-0
Malatoes $34 12 Baguio Gold 21 cts-n- "Benguet Consolidated $10 IL
Benguet Exploration 10 cts. n. Benguet Göldfield $10 n
Big Wedge & cts.
1954
Gold Creek 30 cts. n.
On T.T. and demand
15234
Gold River 5 cts. n.
Ipo Mining 90 cts a
On demand
564
Itogons 31 cts. n.
Credits 60 days' sight
52TA
Salacots 12 cts. n.
On Batavia-
#
Kailan Mining Ad. 14/6 m.
On demand
83
Langkats (Single) Sh. $14 1.
On Paris-
Shai Exploration Sh-$4
n.
On demand-
8374
Credits 4 months sight
900.
Shai. Loans Sh. $5% n. Raubs $5 b..
On Saigon
Vezz: Goldfield $5
On demand
$5
Docks, etc.
On Manila-
On demand
113
On Bangkok
On demand
$77 D
'Sovereigns bank buying rate 2/47%
located on the Mezzanine Floor of,
H. K. and K. Wharves right
32 5/16
до
20m
par. 3% pa 30% dis
par.
that is really- FIRE-PROOF
·BURGLAR-PROOF
DAMP - PROOF:
1 Koi Chuth, E. P. K. Kay Tens OUR SAFE DEPOSIT VAULT
147 TAR E Chan Cadore
To. I. A
Fizinin
Hambu
Chietitia
Wong Chu Sun, Ey, and has Yet Our New building is Specially Con-dar silver per oz.
Kan Tong Pal Eq. Cost Manager. Is In Forg, Eng Wor
BRANCHES AND AGENTIN
Canton Aliphong
Hosciute
Kam 000 Loudnes
Nanda
Mucho
Saga
New York
Nekako
Pam
Popi
Petter
VAMPI
Sate
San Franciany
****
19.1M
VALGUST Viata
Every, descriptive of Banking and Exchang bumine med Into granted on approved
structed to provide all of these Im-Bar silver in Hong Kong portant Qualities.
Copper cash
You may obtain a Safe Deposit Copper cents
Box in this most up-to-date Vault for Rate of native interest .. your own use at a very moderate Ren- zal,
Chinese sub. coin
Inspection Cordialir Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road, Central
THE
Arcount opened in Losal Currency AMERICAN EXPRESS COMPANY,
xed Find Thogunate revered for one your ne mbcrtas, particula in Lisa! and Famign Currencies
will be grasend ou appication. on to which
Safe Deposit Postme To Let
·BAN TONG MO,
THE CHINA & SOUTH SEA BANK,
Reserve
LIMITED
Forrien Σωστές της
W
INC.
.U.S.$6,000,000.00
Priping Palma
Hong Kong sub, coin
805%
NEW YORK STOCK EXCHANGE
Latest Quotations
June 21. The following quotations were re- ceived by Eeate
C. Corn July 81%
H.K. and K. Wharves ex right
MOTHER COUNTRY AND DOMINIONS
ABSOLUTE FREEDOM OF NEW RELATIONSHIP
JUSTIFICATION OF OTTAWA
AGREEMENTS
London, To-day.
SEMENTS
NOTICE
HEREBY
that MICHAEL DRYSDALE [of No. 152. Prince Edward Road, Kowloon in the Colony ut Hong Kong, is applying for naturalization, and that any per son who knows any reason why. maturalization should not be.. granted should send a written and įsigned statement of the facts to the Colonial Secretary, Hong
The Dominions Secretary, Mr. 3. H.Thomas, speaking in the Song House of Commons last evening, when the Dominions Office vote was taken, said that the Statute of Westminister created an en, IF irely new situation in the relationship between the Mother Country and the Dominions.” – In short, each. Dominion had ab- solute freedom to determine its own destiny.
ete The recent Jubilee celebration was in itself the best indica tion of the family spirit and sense of unity of the British Empire The presence in London of so many representative Dominions statesmen gave them an opportunity to discuss the whole situa- tion in regard to Imperial and foreign policy.........
All the Dominions sympathised with the policy of the United Kingdom Government and declared it must continue its efforts for peace, bearing always in mind the value of the League of Nations as an effective instrument to that end.
GERMAN BUDGET
STATEMENT
Deficit 354,000,000. Reichsmarks-
TREASURY SURPLUS BADLY COUNTERBALANCED BY EXPENDITURE
* CHINA MAIL" SPECIAL
Berlin, To-day.
NEW YORK STOCK MARKET
Better Buying Level Expected
EFFECT OF LEGISLATION AND SEASONAL DECLINE
In their market report, Messrs. S. E. Levy and Company, corres- On the question of defence Pondents for Messrs. White Weld the Dominions again, without and Company, New York, states- solitary exception, agreed that
"Stocks: We believe that Lexis- in view of the present state of lative complications and a sensorial the services, which had arisen decline in business will exert an as a result of Britain's effort to increasing infuence for some time. iset an example to the world in We expect a better buying level. (armaments reduction, it was an Business done: 1,000,000 -hares. jessential duty to the people of "Grains: Reports of scattered Britain, and in view of her Im-rains have scared short interests. perial obligations, that the steps A forecast of the weather indicates to repair the national defences that conditions are clearing already announced should be Opinion regarding the market is undertaken...
mixed, but leaning somewhat to the
аге
was
In regard to the Imperial eco-bear side. Total sales: Wheat nomie position Dr. Thomas said 21,592,000 bushels; Corn: 5,539,000 The balance sheet for the bod that the United Kingdom delega- bushels
Cotton: The market to-day was getary year 1934, published here on at the Ottawa Conference
had said that they must retain thin. Liverpool was buying cotton yesterday by the Reich Treasury, shows a
deficit of 354,000,000 the right first to consider the in here at the close. Straddle opera- Reichsmarks, which, together with terest of people in Britain and tions appear to be coming to an
secondly that they wished to en-end Weather conditions deficits carried over from pre- vious year, brings the total defi-courage and develop all parts of generally favourable eit at the end of the budgetary the Empire by giving preference Copper: We hear that the Trade means was the only buyer on the market. year, 1934 up to 2.461,000,000 and, thirdly but by no HK and K. Wharves $78 Reichsmarks.
last in importance, they must Speculators are shy, due to weak- Cum: rts.
The revenue exceeded the esti-not be unmindful of the vital im-ness in London, mate by 1,025.000.000 in taxation. !portance of their export trade:
New York Cables of which, however, the greater with foreign countries.
"Stocks: The recovery from part fell to the share of States
Trade Stimulant
the early low levels and municipalities, and by an ad- As indicative of the stimulant considered
33 unimpressive. ditional 765,000,000 derived from to Imperial trade prosided by Further liquidation and a lower State loans, the net surplus for the the Ottawa decisions Mr. Thomas market is anticipated for the time Reich Treasury amounted
said that Canada in 1932 exported being. Rubber: Primary offerings 1,348,000,000
to the United Kingdom goods and of actual rubber were limited and This was more
counter-produce worth £4,000,000 and in we would rather buy futures balanced by the additional expen- 1934 £50,500,000, an increase of 17 these setbacks. diture of 1702,000,000, which in-per cent. Australia in 1932 sent
Latest Quotations worth and in 1934) cluded 84,000,000 for the re-par-£46,000,000
The following quotations were Shchase of Treasury Bonds, 43,000.- 550,000,000, an increase of 8.7 received by Renter
000 for the exchange of French per cent New Zealand £37,000,-
Prev. To-day's currency circulating in the Saar 000 in 1932 and £40,500,000 in
close close territory at the time of the return 1934, an increase of 9 per cent. NY, Lord cross-rate 4:981⁄2 493% of the Saar region to the Reich, į The United Kingdom exported Cotton Oct. 12. 3121 11.29
Rubber-Sept. 12.19 12.683. 95,000,000 for guarantees, 194- £17,500,000
of
Chicago Wheat Sept. 80%
80% Canada [000,000 for the redemption of the to
in 1922 and Chicago Corn-Sept. 253 credit certificates issued for the in 523,000,000 in 1934, in-iontreal Silver-Dec. 73.40 – 23.75 work-creation scheme, 519,000,000 crease of 20 per cent; to Austra-Silver Official 11 721 22 HK. Landa 4% Debentures for the other purposes of the lia £20,500,000 in 1932, and 597,-
Dow Jones Averages 100% b
economic zevival programine, and 000,000; in 1934 to New Zealand 30 Industrials 118.13 11724-89 of $20 Rails ... 3336 330234 of 476,000,000 for the Reich ad-10,500,000 in 1932 and 11,500,- 20 Utilities 21842 71.22 12 of ministration-Trans-Ocean
40 Bonds 96.53-96.5169.0% of
Commodity
H.K. and W. Docks $92 Th Providents (old) 85.cts, e Providents (new) 20 cts. n. Hong Kew Sh. $240 n. New Engineering Sh. $4 a. S'hai Docks. Sh. $90 n.
Cotton Mills Ewo Cottons Sh. $8 Shanghai Cotton (old)
$66 D. Shanghai Cotton
21.
(new) $41%
Zoong Sings Sh. $34 n Wing On Textiles, Sh. $55 ne
Lands, Hotels, etc. HK. and S. Hotels $4 H.K. Lands. $33 L
Shanghai Lands Sh. $20 me
Head Office:-65. Broadway, New York
Chief Maneget,
Capital Surplus
Last close 10:20
11.00 N.T/London 493 493% 492% NY. Cotton
Reserves
2,183,633.06 870.73105
July Oct
IN.Y. Rubber
11:52 11.47 1149 112 1115 “1117
+
Metropolitan Lands Sh. $10
BRANCHES
July,
1254 12:664
12.50
Humphreys $8 b, and sa.
Mil
W
Tiancom
Sept. ૉ
12.29
12.63
12.65
HK Realties $4 n
Bortio
Boy Bermen Pemeta
Cain
The Hague
Jamburg HATI Medelhang Inertakers
London Timepasi
Nime Suplem
¡C. Wheat:
Chinese Estates $90
Pirmen
July
80%
792
$1
China Realties Sh. $4 n. China Debentures $123 -
82%
H.K Tramways $13 b.
Peak Trams (old) $7
n.
Cathem Commis Copenhagen Dublin Finberg Florence GALLETA
25
Tecno
Yurncillame
Peak Trams (new) $5% n Star Ferries $77 s."
T
Monte Carlo waiis
31
Yanmati Ferries $17% n
Vanich
C. Lights $8.20 bi
40%
«Tej, 19563
der
NASAD
(Incorporated in China)
Head Office
Capit-1
Breaches
.Shanghai
$7,500,000,00
$1,500,000.00
....All Important. Cities
in China
Cera
Barking Basinėra“ trazenetek,
Current and Sating Accounta ngene), acol Fismid Deposite ved for you your for 'abere perindo at rate which will be quoted on application.
SOC Z CHANGE,
HONG KONG BRASCHT:
Des Toest Road, Cemal.
Site's Orc
Forni Exchwerer Dept.
General Gre
Combine's "OBE
THE YOKOHAMA SPECIE BANK
LIMITED
Established 1880
Montrea
Rateriam Rant sikuchi
Kowinampton
Singapor Timsain Taomnica:
Lions Vipi Intro Zurich
W. Whest
July
STOCKS-
Amer Smelting
**
411⁄2
Con Gas NY. 25%
Elec Bond &
Share
8
General Motors 31% Int Tel & Ta 9 Loew's Inc
Branches of American Express Montgomery Company in Principal cities of United] States of America and Canada,
All classes of Commercial Banking Transactions undertaken
Personal investment handled
accounts
The Company offers to intending Travellers the use of its "Travellera Cheques" and Letters of Credit and Capite) (full paid-up) Yen 100,000,000) in addition, the world-wide services; Reserve Fund.... Yen 125,800,000 of its thoroughly equipped Travel
Department,
Head Office:-YOKOHAMA
Brancher and Agencies at:
Alexandria
Nagasaki Nagoya
New York
Osala
Fengtien (Maiden) Rio de Janeiro
Batavia
Bertin
Bombay
Calentin
Faris
Canton
Priping
Dairen (Dalny)
Rangoon
Hamburg
San Francisco
Hankow
-Seattle
Semarang
Hong Kong
Shanghai Singapore
Sourabaya Sydney
Honolulu
Hainking
Karachi
Kobe
„London
Los Angeles
Moj
Interest allowed for Curent
Deposits received for faxed me
at rates to be obtained on
E. W. DUGGAN, A
Manager.
THE WING ON BANK LIMITED.
40
38 8687 98 FIF
40%
40%
Ward
2614
NY. Central Standard Oil
NL U.S. Steel
17%
17%
25%
47
324
32
324
THE
SHANGHAITM COMMERCIAL & SAVINGS BANK LIMITED
(Incorporated in China)
Capital paid up $5,000,000,
Reserves
$7,300,000. Capital Savings Dept. $500,000, Beserve Savings Dept. $600,000.
Head Office Shanghai w A Bank having as its mission the industrial development of China and the fostering of her. commercial relations abroad. Hong Kong Officéad p
Ice House St. Phone 31481-2-3
Is It Insured?
Head Office: Hong Kong -26, Des Voeur Road Centralë Authorised Capital $10,000,000
LONDON BANKEES
Westminster Band, Ltd Foreign Exchange and every des cription of banking kusmess transact
Current Accounts and
and Savings Ac-Ammic counts opened. Fixed Deposits ve ceived at rates which will be quoted on application. Special rates given for Special deposits.
Trusteeship and
SGO
Sale. Deposit Boxes – for
COCKCHIN
∙LI-SHU
"Fend Off
General
Public Etilities
H.K. Electrics $564 b.. Macao Electrics $2374 a. Sandakan Light $4 s. Telephones (old) $20 b, $20.10
Telephones (new) $8% he China Buses Sh. $111⁄2 2. Singapore. Traction 10/6 b. Singapore Pref. 22/6 b.
Industrials Malabon Sugar $841 n Cald: Macg. (Ord.), Sh. $19
11.
Cald: Marg, (Pref), Sh. $13 m. Canton Ices $1.80 n. Cements $51⁄4 n. Converted: HK Ropes B
D.
Stores, etc. Dairy Farros: 313 Watson $3.10 by $3.10 sa Lane, Crawfords #211⁄2 1. Mackintosh $9
Sinceres $8 10
Wm. Powells, 70 cts n Wing On (ELK.)) $100 1.
Miscellaneous
HK Amusements $1.85 n
Entertainments 35
3. C. Enterprises $1.35. n. Macao "Greyhounds" 32 n. Constructions (old) $140 Constructions. Vibro Filing
Gort 5% 1925 G3Bdı
¡vice.
than
Ser-000 in 1934.
worth
goods
20
South African Advance The figures for South Africa, more signifi-
Index $6.03 5631428 ver
leant. The United Kingdom, COMMODITY PRICES
BERLIN STOCK he said, were even
MARKET
ports in 1932 were £18,500,000 and in 1934 they had risen to The following quotations have |£31,000,000. He claimed that been received by Reuter.ER
a complete justification of the Ottawa po-
Uncertain Outlook As these figures were
Prices Decline
*CHINA MAIL * SPECIAL
Berlin, To-day. An uncertain outlook prevailed
Prev. Yesterday Closing Closing
licy. Its best justification was New York Cotton: that without exception every Do-Juy minion that was a party to the October Ottawa agreements could at the December
in the share market yesterday, present moment show a budget January (1936)
surplus and a certain tendency Marth towards prosperity.
May Referring to the meat situs-Spot
large quantity of stock being of- fered, presumably because of the near approach of the half-yearly settlement, and hence prices untion, Mr. Thomas dealt at length New York Rubber derwent a sharp decline.·.·
with the various factors involv-July The tendency was accentuated Negotiations were still pro September ed by the Catholic holiday, which ceeding, he said, and he was not December resulted in a lack of buying or without hope that a satisfactory January ders from the west and south of
agreement would ultimately beMarch Germany.
reached British Wireless Ser-Chicago Whests
July
11.52 TT:59
1121 11:29
*T1.23
11.31
1124 11.33
11:34 11.39
11.37 11.46
11.85 11.90-
12.663 12.52
12.79 12.63a
13.00. 12.88
13.07 12.97
19.23 13.08
80%
80% 203
825%
July September Messra H B. Joseph & Co. have Dec received the following Straits Winnipeg Currency quotations from Singa Joly
813
75%%%
762
68%
82%
82%
pore for Raw Rubber, A
Angust
The Bank of France has reduced the discount rate from 6 to 5 per cent.
New York Sug
Spot
Buyers
20
Sellers
Fixed interest securities con-vice tinned to be becalmed
Call money was at 234 per cent- Trans-Ocean Service.
CHEAPER MONEY
IN FRANCE
Paris, To-day-
September December
RAW RUBBER PRICES Chicago Com
Financial quarters are of the July/Sept. 20 opinion the the Laval Goseni
}ment has DOW stored confidence
|suficient
tion
to justify the allevis-
he hardship which dear
Es down 22′′
causing trade and in- REICHSMARK – QUOTATIONS
&