BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
Authorised Capital
$50,000,000
THE CHARTERED BANK OF "INDIA, AUSTRALIA & CHINA.
Issued and Faily Paid-up 20.000,005 Incorporated by Royal Charter, 1953,
Reserve Fundacion a
*£6,500,000
$10,000,000
Reserve Liability of Pro-
Sterling
Silver
HEAD OFFICE: LONDON
Paid-up Capital
£3,000,000
prietors....-
20,000,000
Reserve Fund
£3,000,000
Reserve Liability of Pro-
HEAD OFFICE HONG KONG.
prietors
£3,000,000
Arencies and Branches:
Alor Star
Amritsar
Satekok
Ilonie. Ipoh Kimchi
Beler's Bombect Calenila
Jade
Hangoon
Semarker :
Shanghai
Singaporn
Carapers
J Kuching
Sta
A. H. Compton Esq.
Baronbayan Tripien
d. T. Johnson, Esq. Calebs Hon. Mr. J. J. Paterson,
Deli
Mapi Mindan
G. Miskin, Esq., 1. E. Pearce, Esq+] Eunsure
Haiphong
· Priving.
Bashow
BRANCHES :
BOARD OF DIRECTORS.
SE Dodwell. Esq.
Chairman
CC Enisht, Eng.
Deputy Chal
V. M. Grybuna, Engi
Chief Manger.
W. H. Bell, Esq., E. S. Morrison Esq, CABOS
ΑΞΙΟΣ BANGKO BATAVIA
LONDON LOS MALAOCA MANILA
1
CALESTRA CANY CHEPOO COLONBO DAIKEN.. FOOCHOT KUPITING
HANKOW KARBIN HONGKEW BOILO ХРОМ- JOHORS KOLE EOTLOON
NTAR Joborr MUKDEN NEW TORS PEITING TEXANG RANGOON SLIGOS. SAN FRANCISCO KUALA LUMTUR KĦANGHAT- SINGAPORE SSOURABATA
SUNGHI PATANT
TIENTSES TOKYO TSINGTAO YOKOHAMA
Cement Acenila opened in Loni Camwors and Fist Deposita vertinać for one year or short win in Zorn? Company and. Stverüne on tech will be quoted an application.
Hong Kong, 6th April, 1935.
Harbin Bong Long
(Paling) Penaly
Toorin
(B) Tsingtao "Totobema
Zamboangh
Foreign Exchange and Guest Banking Current Accounts opened and Fixed Depot
recurred for one year or shorter perioda az rudes which will de quoted on application.
A. BREARLEESY,
Manage
Hong Kong, 1st January, 1935.
THE BANK OF CANTON, LTD.
Established. 1912.
Head Office:--Hong Kong
Authorised Capital
Paid-up Capital
Total Resources.
$12,000,000
Branches: Canton, Teishan, Shanghai)
THE CHINA HALL WEDNESDAY, JUNE
ommerce and
Finance
LOCAL DOLLAR DECLINES
Silver Prices Drop
The local dolar- has declined a further halfpenny, opening on de- mand this morning at 2/24
Silver prices also fell, spot being quoted at 31-1/16 and formire at [31-5/16.
The London on New York cross- rate was quoted at SUS$1.9435, [as compared with US$4.9174 while the New York on Len
on cross-rate was quoted at S US$1.94%, as compared with £ US$4.95. !
EXCHANGES
TO-DAY'S QUOTATION
Hankow, Bangkok & San Francisco. | On Shanghai- London Bankers: Lloyds Bank, Ltd,
Foreign Exchange and Banking business of every description trans-
HONG KONG SAVINGS BANK acted
ed by the HONG KONG AND SHANGHAI BANKING QUAPORATION. Rasim me t abstand out apulication.
FOR THE HONG KONG AND SHANGHA BANKING CORI>RATION
V. M. CRAYNTRY,
Chist Manager-
Hoog Kang, th Felmary, 19
On demand On Singapore----
On demand Current Accornis opened and Fixed On Japan- Deposits received for one year shorter periods at rates which will bel quoted on application
ON
Safe Deposit Boxes (various sizes) for hire.
LOOK POONG SHAN,
Chief Manager
LOCAL SHARES
NEW YORK STOCK INTERNATIONAL-
STABILISATION
Some Discom
relonmen
REACTION SHOULD BE LIMITED
The following is the list of local hare, quotations issued today. In their market report. Mestes
Banks
HIK. Bank $1065 b. $1045/75:
and Count
and Compan New York.
"Stocks: The" Intest: W ton developments bare
HK. Bank London) £120 Chartered Bank £14 (1 Mercantile Bank A. & R. $3134 ing, but we see tho evidence
Mercantile Bank C. 4193 L Bank of Bast Axia $81. n.
·Insurances.
Canton Ins. $203 n. Union Ins... $55 b. Chiza. Underwriters 40 cis.. China Fire Ing. $382 m. HK. Fire Ins. $200 n. Intemational Assoe: $4 n
M
Shipping
Donglases $36 1.
EK Steamboats $4′′* Indo-Chinas. (Pref.), 350 n. Indo-Chinas (Def), $12 zi Shell (Bearer)-71/3 == Union Waterboats $1134 n:
Mining
Benguet Consolidated $10% b. Benguet Exploration 10 ets. De Benguet Goldfield $10 n.
OF CURRENCIES
IMPORTANT PARIS DERATE
OFFICIAL BRITISH VIEW OUTLINE:
NEW ADVERTISEMENTS
PUBLIC AUCTION-
Undersigned, have rece
to sell
Tuesday, the 2nd July, 1935 commencing at 11 am
at their Sales Room, Dúddell
A Quantity of Furniture, Sundries and A Few Pieces of Suit Lengths
Terms: Cash on Delivery." LAMMERT BROS.
Auctioneers..
**CHINA MAIL" SPEC
aris, To-day- Yesterday's first plenary ses tion of the eighth congress of the International Chambers of Commerce discussed the pro quidationt otty huuportain
thiem of the stabilisation of enn- holding companies issues, w. Con trencies. The majority of the Hong Kong, 26th June, 1935. sequently, any reaction, should be speakers emphasised the neces relatively
dog Business(sity and possibility of inter- done:-1,140,000 shares, national stabilisation
*Gezinss
market sig still chief preservations
The From
be weather condition the British delegates. Better support by the Trade is Professor Gregory, the well- on setbacks Total Known authority from the Lon- expected sales-15,613,000 bushels Carn den School of Economics," who, But best however, stressed that he did not -4776,000 bushels.
"Cotton"-The strength of July speak in the name of the British cotton is holding the marketGovernment or any other group, Weather conditions: are favour-strongly advocated stabilisation, table and sentiment is turning his views being supported by
bearish
BERLIN STOCK MARKET
Excessive Caution Prevails
·CHINA MAIL" SPECIAL
Berlin, To-day. Excessive caution, both on the Professor Charles Bist (France) part of investors and operators,
business done was Fixed interest
"Rubber-Pre-Notice Day and Herr Otto Christian Fischer prevailed in the share market quidation and scattered selling, (Germany). :-*
yesterday, so that although prices pending the outcome of the meet- Professor Gregory said on many cases closed a little ing of the Restriction Commit-result of the all-round currency higher, the tee, were the principal factors depreciation in the modern world very restricted. The sales:-449. lots.
is not all-round recovery, but securities continued to be ne- Flash: Weather conditions general increases of the hindran-glected, gold mortgage bonds in in the Wheat Belt are most fav-ces placed on foreign trade. The number of cases being as much ourable, but dry warm weather general uncertainty about the 23 of a point lower. Call is now needed to continue,
es-fate of the gold bloc countries money was at 21⁄2 to 3 per cent.
leads to boarding within their Trans-Ocean Service.
pecially in the Corn sections:
Latest Quotations
The following quotations were Langkats (Single) Sh. $14 n.received by Reuters-
territories and
uncertainty out-
side. In short, the attempt to
care the world crisis by the de- valuation of currencies has creat ed factors that are far greater: Prev. Today's obstacles to world recovery than close the original gold parities.”
German. Support 4.9578-49435
Jose
NEW YORK STOCK EXCHANGE
*June 25,
On London
-8,635,004
On TT and demand
2/24/2
Antamoks 73 cts: b.
32,170,492
4 months' sight
2/23/%
Balatocs $18.
Credits 4 months" sight.
2/374
Baguio Gold 21 cts. b.
137
Big Wedge 8 età n
94%
Gold Greek 30 cts. n.
Gold River 5'cts.
On demand
187
Ipe Mining 90 cts. 2-
On India-
Itogons 32 cts.
On T.T. and demand
146
Salacots 12 cts. 1.
On New York
Kailan Mining -Ad... 15/--- 2:
On demand
54
Credits 60 days' sight
563%
Shai Exploration Sh. $4% n
On Batavia..........
On demand
Shai, Loans Sh. $51⁄4 1 Raubs $575.90, sa
On Paris
cross-rate
On demand
Credits 4 months' sight
NY. Cotton Oet NY. Rubber Sept.
1123 12.51%
On Saigon.
On demand
82
Ou Manila-
1094
Cam rts. HK and K Wharves ex right
STYL
Chicago.Corn Sept 75% Montreal Silver Dec:/72.00 Silver Official
----- 2014 Dow Jones Aveniges
**
TL30
690
84
ask the question whether we shall NE Cotton stabilise or prefer the continua-
Oct. tion of the entrency chaos, there NY. Rubber is only one answer, namely, that July
Sept without first stabilising curren-
C. WheatTM
Ja
$2,54"-1154
11.53
1.22 11.22 11.22
17.48
1241
32.65
12.56
31-1/16
***** ***
12-01
par
3% ра
32% dis
par.
Index
56.30*55.79 31.07. Business Dores-1,140,000 share
cies it is impossible to remove all the hindrances, the elimina C. Corn July 31%% tion of which is a condition upon w which the gradimal recovery" of world trade depends”-
Joly
Wheat
July
*68
Chancellor of the Exchequer has
STOCKS: Amer Smelting 423–413) Lord Lake, speaking for the Con Gas N.T. 254 255 British Government, said: "The Elec Bond &
81%
2554
Venz; Goldfield $230 n.
Docks, etc.
| N.Y./London
11.22-
1265
FK and K Wharves $78 Chicago When Sept. 80
The following quotations were re ceived by Reuter.
Close
10.2011.00 June 26.
Herr Otto Christian Fischer! Lendorsed Professor Gregory's
words entirely, adding: “If we NY/London. 495 4953 195
THE BANK OF EAST ASIA, LTD.
Anthorised Capital
Paid-up Capita!$500,00 Benerve and Cadivide! Prolita 89,009,60 BEAD OFFICE:—HONG KONG
Den Voux Bandura
BOARD OF DIRECTORS:—
Bir Shou om Chok, Cremazi.
Li Koon Chun Exq. P. Ko imati Eng.. STOCK! Tab. Tons. Eng.. Chan Cheng S, EL La Bass Eng. Wong Chu son. Ex and an
Ta. Eur.
Kan Tong Po. Eng Misirs Sacuger.
Li. Twe Fons. Eng. Naunger.
BRANCHES AND AGENTINA
Marria
Kalimer the
Хільченка в
Amoy
Etatis
Pattanay
Calcutta
New York
Purin
Pripind Prakas
-Passion
Saizon
Cartoo Haiphone. Barco Housiule
Kowloos London
Da ranco
>wat
Shell DJ Singapore
Suora tu va
dr¥
Tuiti
*****=*=*=*=*=27 Teirss Tamourer
Every demaription of Banking and. Exchange | business transacted Lown gunted on approved?
greasition,
Current scount opened in Loral Currency and Fixed Depozita inivač Bor abe
shorter panels anal and Ferien Carrescimu on term which was ho quumed, on application.
Sada Deposit In To It,
KAN TONG PO.
SAFETY FIRST!
To Safeguard Your Valuables and Jewelleries. Deposit them in a Vault that is really: FIRE-PROOF BURGLAR-PROOF DAMP - PROOF 1
On demand
On Bangkok......... On demand
OUR SAFE DEPOSIT VAULT located on the Merwanine Floor Our New building is Specially Con- Sovereigns bank buying rate 2/3 stracted to provide all of these Bar silver per oz. portant. Qualities.
You may
obtain a Safe Deposit Bar silver in Hong Ecog Box in this most up-to-date Vault for Copper each
f your own use at a very moderate Ben-Copper cents
Inspection Cordially Invited
THE NATIONAL COMMERCIAL
& SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road, Central
THE
AMERICAN EXPRESS COMPANY, IC
Head Office: 65, Broadway;
New York
Chief Manager.
Capital Surplus Reserves
U.S.$6,000,000.00 2,183,633.06 *870.73.1.05
BRANCHES:
Anthesda
Antwerp Ašljena Ам
Gezon
•Glascow
The Hague Ravena
Hamburg
Sapirs
Parin
THE CHINA & SOUTH SEA BANK,
LIMITED
(Incorporated in China)
Head Office...
Capital
Shanghai $7,500,000.00
*Bere:"Te
Branches
Barle
Berlin
Rombay
Bre
Beutels Cairo
Calcotta
Barking
----$1,500,000:00
All Important Cities
in Chine
Foreig Exchang
Business connected.
and General
Current and Saving Accounts opened and Tiand Deposita recited for one year of shorter perioda | atralen which will be quoted on application,
SOU Z-CHANG,
Mastaga.
HONG KONG BRANCH: 2. The Voma Road. Central
Foreign Exchange Destinazio General Office Cambier's Offer
Cander
Colombo Copenhagen.. Dubtie Filber
Hatre Heidelberg Interaken Jeramient London Iwwerpbol Lacerta
Priping
Patho
Lotterdara Bome Shanghai
Southampton. Singapore Tancaia
Taormina Terna Tenica
orencs Geneva.
Marmelina Bonne Carl Manda -
Tokobara
Zurich
Munich Mindtrax
- Branches at Tel. 6
American Express Company in Principal cities of United
ཀུགམ ་
THE YOKOHAMA SPECIE BANK
LIMITED.
Established 1880
I States of Ameries, and Canada,
Rate of native interest
Chinese sub. com
Hong Kong sub, coin
RAW RUBBER PRICES Latest Quotations From Singapore
Messrs. E. B. Joseph & Co. hare received the following Straits Currency vuotations from Singa- pore for Raw Rabber.
Spot 20% down % b., 2014& July-September 20% down 1⁄2 t
20% S
Oct-December 2132 down
21% s
Jaz-March 22% down. Y1⁄2 b..
227/2.3 Market:-Doll
THE MERCANTILE BANK OF
INDIA, LTD.
HEAD OFFICE":
12. Gracechurch Street, Londen, ECE
Anthorised Capital
Subscribed Capital, Paid-up Capital ·
All classes of Commercial Banking Reserve Food & Rest
·Transactions, musdertalcem.
Persons! investment
handled.
BAKKERS:
£3,000,000
1,800,000
1,050,000
1547,432
The Bank of Excland & Midland, Bank, LóË. BRANCHES:
accounts Bangkok
Berrion"
Calcutta Cosemaker The Company offers to intending pent Travellers the use of its #diavellers, Gabe- Cheques" and Letters of Credit and Bong Song in addition, the world-wide services Capital (full paid-up) Yen. 100,000,000 Beserve Fund Yen. 125,800,000 of its thoroughly equipped Travel
Depar
Bead Office:-YOKOHAMA
Branches and Agencies ztr
Alexandria
Patavia Berlin Tombey
Calcutta
Gantan
:(Dalny)
Nagamali
Nagoya
New York
·Osaka
Paris
Peiping
Dairen Fengtien (Mukden)' Rio de Janeiro
Hamburg
Lamkow
“Herbin
Hong Kong
Honolulu
Hainking Karachi
San Francisco
·Seattle:
Semarang
E. W. DUGGAN,
Manager.
THE WING ON BANK
A LIMITED.
W Head Office: Hong Kong
**26, Des Voeux Road Central an “Authorised Capital: $10,000,000°
LONDON BANKERS Westminster Band, Ltd. "Foreign: Exchange and every des- cription of banking business transSCE- led.
Current Accounts counts opened
ceived
Tandy Karnebi
Kota Bhar
Ke Tork: Peoeng
·Port Lo
Mauritiusă
Ezala Lipis Rangoon Fonda “Lumpki ·Fibengkal Kattan, Palming). Simia
Singapor
HONG KONG BRANGE
· Emery description, eft. Hanging " and "Pechanga boness transacted A
TraveBars Chegans, instad.
Trustee and Executorships under- taken.
INTEREST owed, co. Correos, AmoovezTA Fixed Depoutte at Rates Shut may
on application.
| 7, Queen's Beat · Cántes
Hong Kong, 1st
SHANGHAI COMMERCIAL
BASAVINGS BANK LIMITE
HK and K Wharves right $1
Д
HK and W. Docks $92 1. Providents (old) 85 cts./ni Providents (new) 20 charm. Hong Kew Sh. $240.ml - New Engineering Sh. 24 ... S'hai Docks Sh. 790 m.
Cotton Mills Ewo Cottons Sh. $8
30 Industrials 120.84 118.73 1.31 off 20 Bails * $3.45 33.14: 131 of 20 Utilities 22.66 21.95 off 40 Bonds -97.01 96.99 02 of 11 Commodity
Shanghai Cotton (COMMODITY PRICES
$661⁄2 #
9%
41440
20 41
273%
48
23 334
Share repeatedly declared that Eng-General Motors 334 33% 33% Shanghai Cotton (new) $41 The following quotations have land's return to the gold stand-It Tel & Tel 10%
Loew's Inc been received by Reuter.
ard depends upon a removal or
Montgomery Zoong Sings Sh. $81⁄2 m.
Prey. Yesterday limitation of the present in Ward Closing Closing drances to Wing On Textiles, Sh. $55 n.
international trade; N.Y. Central 17% Lands, Hotels, etc.
the definitive regulation of war Standard Oil debts; and the introduction of a
US Steel system that would prevent the fnctuation of
H.K. and S. Hotels n HE. Lands $34 h, $34/35 sz. (October HK Lands 4% Debentures December
Metropolitan Lands Sh. $10 n. May
100%
Shanghai Lands Sh. $2011⁄2 n.
Humphreys 8.15 b
HK Realties $4
Chinese Estates $90 n. China Realties Sh. $4 n. China Debentures $123.
Public Uilities HK. Tramwayn $13 b.. Peak Trams (old) 1 Peak Trams (new) 15% - Star Ferries $11 B- Yamnati Ferries $175, n.
C. Lights $8.80 b
HK. Electrics $554
Macao Electrics $252 3.
Sandaken Light $3
New York Cotton:- July
14.54
11.53
11.22
11122
11.26
11.24
January(1936)
11.27
11.26
March
Spot
11.28 ∙∙11.09. 1134 11.35 11.90
1190
New York Bu July
Septembe
12.48 1234 12.65 12.51a
December
1286 12.74
January
March
12.89 *13.07
12.78 12.95
Chicago Wheat
¡July
September
79 30%
79
797/2
December
8272
82
Chicago Cor
July
81%
-817-
September
75%
December
647%
6475
21 $1
Telephones (old) $2034 b., $20.10 Winnipeg-
Jaly
Telephones (new) $8.10 b China Buses Sh. $1151⁄2 n. Singapore, Traction 10/8 b Singapore Pref. 22/6 3.
August
New York
July [Sept
Indust
Malabon Sugar 181⁄2 n- Cald: Macg (Ord Sh 19
Cald Macg
Canton
Cements $53 HKPopes
DRITY Fa
the purchasing
power of gold depending on enz rent political reasons Trans Ocean Service.“
Statement By Lord Lake
Paris, To-day.
REICHSBANK STATEMENT
INCREASE IN GOLD STOCK
• CHINA_MAIL" SPECIAL
Berlin, To-day- The Reichsbank statement dated-June 22, published yester-
Profound disagreement on the question of immediate currency stabilisation was manifested a day, shows an increase in the yesterday's sitting of the Inter gold stock of 0.7 millions to 8£7 mullion Reichsmarks, the foreign national Chambers of Commerce
between the British oficial dele currency reserve remaining the gation and the business leaders me as before, namely, 4.0_17- of other countries, notably those lions, making a total increase of 0.7 to 88.7 million Beichsmarka.. belonging to the gold bloc.
The latter pressed the demand. The note issue decreased 92.3 to that Britain agree to a resolu 3,5023 milion Reichsmarks, The
amount of credit issued, as mea tion calling for a conference of the Governments for the purpose ared by hills, cheques, advances
and investments, decreased 157 of introducing framediate stabili
13 to 4,093.0 million Reichsmarks. sation, but Lord Luke made a
Frans Ocean Service.
REICHSMARK QUOTATIONS
No.3 Na? No. Con Con. Com Coo
235 236 234 241 238 238 225 statement of the British mone- 2.48 241-244 237ary policy, while re-affirming his belief that there was much recog- (1986) 232 2.19 227′′ 214
sition of the fundamental princža 216
ple that international cu
192
22
YOK SIL
153 23244 132 1312-131
goods and
(that tion
$70.45% 69.40
20.00
72.00
71:30
71303
Beri
Is It Insured?
CWORKS SCHEMES COTTON T
AITS SUIT
PKINS TO CONDUCTÉ