CHINA MAIL
TINE: 27
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
Authorised Capital
Issued and Fully Paid-up
Reserve Funds:---
Sterling ...
£6,500,000
Silver
---- $20,000,000
Reserve Liability of Pro-
prietors
$50,000,000
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA
20,000,000 Incorporated by Royal Charter,” 1853.
HEAD OFFICES LONDON
20,0002000] Reserve Fund
Paid-up Capital
Reserve - Liability of Pro-
prietors
HEAD OFFICE HONG KONG,
DOARD OF DIRECTORS.
6. H. Dodwell, Enj
Свістика,
CC Knight. Eng.
Deputy Chairman.
V. X. dmybura, Eng. “
Chief Manag
Alor Star
Samsismat Bassick Batavia Dotabay
£3,000,000 £3,000,000
£3,000,000
Agencies and Branches:
Ipoh Karachi Kinny
Eangoon
Setterar Serenan Shanghai
Situas
ommerce and Finance
LOCAL DOLLAR
ADVANCES
Silver Prices Drop
The local dollar advanced farthing, opening on demand this morning at 2/2
m
W. H. Bell, Esq., K. S. Morrison Esq., Ca
A. H. Compton Esq..
Cavapors Cody
M. T. Johnson, E34, Calónko
Hon. Mr. J. J. Paterson,
Delhi
G. Miskin, Esq. I. E. Pearce, Eng- abus
ANOT
BANGKOK
BATAVIA
BOMBAT
CALCUTTA
CASTON
CHEFOO COLOMBO
DAUREN FOXHOW ПАТИЧОКС
HAMMERG HANKOW
HARDIN
HONGK
OLD
BOL!
JOHORE
KOBE
HOWLOON
BRANCHES
LONDON 2100 MALACCA
MANILA
MCAR obore)
MURDEN
NEW YORK
PETPING
PENANG
KANGOON
SAIGON
SAN FRANCISCO
KUALA LUMPUR
SHANORA
SINGAPORN
SOURADA VA
SUNGE PATANI
TIESTNES
TOKYO
TSINGTAO TOROLANA
Cumes Armounts opened in 'Lost Curen
and Fire Deposite rested for one mer ör chords in Lal Company and. Sterling on which will be quoted on application.
Hong Kong, 6th April, 1935.
HONG KONG SAVINGS BANK
The-Emir of the above Basis in coaduer
ed by the LNG KONG AND SHANGHAI BANKING CORPORATION.
ob on application.
FOR THE UỦNG KONG AND SHANGHAI BANKING, COLPORATION,
V. M. GRAYBLEN,
Chist Manager.
Hong Kong February, 1955.
THE BANK OF EAST ASIA, LID.
Haiphong
Hand Harbin
Hoog Kone
Madras
Medan New York- Felping
(Peking) Permang
Taiping Tiantais Jengka
(Baker). Taingro Tokobas Zamboang
"Silver prices, however, fell, |1/16, spot being quoted at.31 and | forward 'at. 313. C
The London an New York, cross- rate was quoted at £—US$4.95% as compared with S-US$1.94%. while the New York on Lo
quoted at
Foreign Exchange and General Basting Dine dod cross-rate
WBS
Current Accombe opened and Fixed Deposits £ US$1943⁄41⁄2, as compared with
received for our your se shorter periods sa ester (which will be quoted on, application.
A BREARLEY,
Managta.
Hong Kong, 1st January, 1955.
THE BANK OF CANTON, LTD.
Established 1912.
Head Office-Hour Kong
Authorised Capital
Paid-up Capital
Total Resources
$11,000,000;
8,655,000 32170,499
$-0.3.$4.94%-
EXCHANGES
·TO-DAY'S QUOTATION
On London--
Branches: Canton, Toishan, Shanghai, Hankow, Bangkok & San Francisco Londen Bankers: Lloyds Bank, Ltd,
Foreign Exchange and Banking On Singapore business of every description trans-
On demand acted.
Current Accounts opened and Fixed On Japan- Deposits received for one year of On demand shorter periods at rates which wil bel On India- quoted on application.
LOOK POONG SHAN,
Chief Manager
SAFETY FIRST!
Te Safeguard Your Valuables and Jewelleries. Deposit them in a Vault
LOCAL SHARES
The following is the Fist of local share quotations issued to-day:-
Banky
FK Bank $1065/70-8a. HK Bank (London) $12234 a Chartered Bank 514%1⁄2 ¤... Mexandle Bank A. & F. 1
Mercantile Bank £. £13% 1 Bank of East Asia $81_n..
Insurances
Canton Ins. 520S L Caion Ins. $555
China Underwriters 40 es.. China Fire Ins. $382 z ELK Fire Ins. $200 nu International 'Assce. $4 D.
Shipping
Douglases $36, 7- HF. Steamboats-$4 n- Indo-Chinas (Pref.), $30 m. Indo-Chinas (De£), $12 n Shell (Bearer) 12/6 n. Union Waterboats $113. II
.. Mining
Antamoks 71 CİS, IL
Balatoes $18 n
"Baguio Gold 21 cts. b.
Benguet Consolidated $10%1⁄2 b. Benguet Exploration 10 cts. I Benguet Goldfield $10 n.
Big Wedge 8-ets.
Gold Creek 30 cts.
Itogous 32 eta 1.
Salacots 12 cts. D.
NEW YORK STOCK
MARKET
Limited Reaction
Foreseen
PRODUCTION
AND ADJUSTMENT
TO DEMAND
Private Business Man
NO PRESENT EVIDENCE OF Key To World Recovery
LIQUIDATIONS
CHAMBERS OF COMMERCE
PLENARY SESSION -
ADVER
SEMENTS
NOTICE
WNERS OF MOTOR VEHICLES and ALL DRIVERS are hereby notified that Licences are due for renewal on
To avoid delay and unneces
In their market report, Messrs. SE Levy and Company, corres- pondents for Messrs. White Weld ---- CHINA' MAIL" SPECIAL and Company, New York, state:--
Paris, To-day- the 2nd July, 1935-*** "Stocks: We still see no ev The second plenary session of dence of liquidation of important the 8th Congress of Internation- sary waiting, licences may be for stock holding companies issues al Chambers of Commerce yes warded to Folice Headquarters and as a result say reaction terday discussed the organisa through the Past and should be along this line should be relation of production and its ad- accompanied by a crossed cheque tively limited Business, done-justment to demand. The chief |960,000 shares.
speaker was the German delen favour of the Hong Kong Gos emment covering the necessary gate Herr Clemens Lammers. fees.
D BURLINGHAME
*** {Continued, on- Page 20)
Latest Quotations The following quotations weretion of the International Cham- received by Reuter-
[chairman of the committee for Iproduction and market regula-
NY./London
-cross-ente
Prer. To-day's close close
ber of Commerce.
Herr Barmers declared that! the vital problem of the adapta- 4965 4944 tion of world production to world
NY. Cotton' Oct. 2... 11.25. 11.30 NY: Rubber Sept. --12:51 · 12:36 Chicago. Wheat Sept. 7925 Chiengo Corn Sept. 75% Montreal Silver Dec. 7130 Silver Official ... 6372
Dow Jones Averages
7674
IGE Hong Kong, 27th June, 19$5.
NOTICE
1 SUNDAY, 30th June, at the
demand, whereby the waste of HE CONCERT announced for capital effort should be minimis- ed, had been rendered exceeding European YMCA will not take
-8
130
6975
17
30 Industrials, 11873 11K64 1.09 of 120 Rais
3314 3275" : 3% of
20 Ulties 40 Boads..
21.95, 21.58 27 of
96.99. 96.92* „OT off
11 Commodity
Index -$5.79 55.29 .69 up Business Done: 960,000 shares.
NEW YORK STOCK EXCHANGE
Latest Quotations
June 21. The following quotations were re- ceived by Reuter
On TIT. and demand
2/234
4 months' sight
2/2%
Credits 4 months" sight
2/4
On Shanghai--
On demand
139
95%
1894
Gold River 30 etsin.
By be
Ipo Mining 3 cts n
Safe Deposit Boxes (various sizes) for hire.
On TIT. and demand
147%
On New York-
On demand
55%
Kailan Mining Ad. 14/9 n
Credits 60 days' sight
ST
Langkats (Single) Sh. $14 1
On Batavia
On demand
Shai Exploration Shi $41⁄2 1 Shai, Loans Sh. $5% x.
On Parise.
Raube $5.90 ZL
On demand
830
Verz; Goldfield $2.30 n.
NYLondon
Credits 4 months' sight
S75
Docks, etc..
N.Y. Cotton
On Saigon
On demand
$234
On Manila
FK and K Wharves $TB PL
Cizm. rts. HK and K Wharves ex right|. Jaly
July
Oct
11.53 .11.29
T148 11.55
11:20 · 1124
[NY. Rubber
$2.34
11014
Sav
Sept
1251a.
1298 - 123O 12.41
H.K. and K. Wharves right $1C Wheat
y
July
834
1
79 C. Con July 31
31
HK and W. Docks $91⁄2 The Providents (old) 85 ctx. n.
81
portant Qualities.
You may
obtain a Safe Deposit Box in this most up-to-date Vault for your own use at a very moderate Ren- Copper cents
Bar silver in Hong Kong Copper cash
nozz
Dom
par.
3% pa 32% dis
par.
Amer Smelting 42 Con Gas NY. 25% Elec Bend &
Share
T General Motors 334 10% Int Tel & Tel
7%
Loew's Inc Montgomery
Wand
41.
41%
274
1734
|
Standard - Oil
NJ.
4834
4834
U.S. Steel
3374
Authorised Capital $23,000,000,00 FE, 500,06 Paid-up Capitul Enis and Cadiran Prose,099.00 HEAD OFFICS: HONG KONG
De Vous Land & mattm). «'
BOARD OF THEREALS;
Sir Showman. Chow, serm
Li Tuon Chan, Esq. P. K. Bag, Tong
Is Toma. Reg. Chan Ching work. Eng La
SAR EM.. Wong Chu son. Egard as Y
Ps. Eng.
Avoy
Zlatavia
·Bombe
CATC
Ass Tong Po. Ext. Chief Manag Ii I FORK. Eng. UnnSAT.
Haiphong
· Hankew
Bocolulu
hobe
Earlson Loodon
BRANCHES AND AGENCATS:
Kunila
Melbourne
قلید ابر بروان
Necati
New York Oma Paren
Njermpone
S
Swatów
endang
Pesper
Proar-2
Tazza
Der Freins
Taihol
Tentio TE
Vancouver
Every decription of Banking and Exchange bumice trazuanced. Imaan granted on approved. "amenarilima,
Cormat Account opcard in Loos! Corrency sad Fixed Depo-ita peonivind she one year o aber period is Loual and Foreits Currencies on term whách vill' be quoted an application.
Sad Deposit Bon To Ir
AAN TONG ro.
THE CHINA & SOUTH SEA BANK
LIMITED
that is really: FIRE-PROOF
BURGLAR-PROOF DAMP-PROOF!
OUR SAFE DEPOSIT VAULT
located on the Mezzanine Floor o
On demand
On Bangkok-
On demand
Our New building is Specially Can Sovereigns bank buying rate 2/3% structed to provide all of these In-Bar silver per oz.
tal
Inspection Cordially Invited. THE NATIONAL COMMERCIAL
& SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeur Road, Central
THE
AMERICAN EXPRESS COMPANY, INC.
Head Office: 65, Broadway; New York
US$6,000,000,00 2:183,633.06
Chief Managy,
Capital Sarplus Reserves
Amsterdam Antwerp
BRANCHES:
Cre Glasgow
Athena
The Hagod
(Incorporated in China)
Anments.
Head Office .Shanghai.
Pasie
Capital
$7,500,000.00
Berlin
Miep Vice Naples Pires Pari Peiving
Bombay
Reserve"
..$1,500,000.00
Beet
All Important Cities B in China
Csir
Branches
Forei
Exchange And Creavers Banking
Business reacted,
Current and Saving Accorazzin oproed, and. Fixed Deposita m~ived for one your or shorter - perroin · azrates with will be quoted on application.
SOU Z CHANG,
Kanager. KONG KONG BRANCH; 24. Drs Tower Band, Centesi.
Manager's OS
Foreign Exchange Dept.
General Ofer
·Cashier's Ofice
Calenta Capmek Colomine Copenhagen.
Dublins Edinburgh Finence
HAYAME Hamburg HATTE Brideinerg Interlabora Jerusalem London Liverpool Lacerne Lagano
Maelew Monte Carlo Manila
Mich
Bate of native interest... Chinese sub. coin Hong Kong suh coiz
NEGOTIATIONS END IN FAILURE
Italo-Dutch Parleys Come To Nought
"CHINA MAIL" SPECIAL
Amsterdam, To-day- The trade treaty negotiations be 870,731.05. tween Holland and Italy, which have been going on for five weeks, jhave at last ended in failure, se- cording to an official announce- ment issued here. Efforts had been made to reach an agreement |
* commercial not only about treaty, but also for an arrangé-. ment for a practicable mode of settlement of accounts..
Botterdam Bome Fanghai
Sinpo Tientais Termins
Spice Tokobama Zurich
Branches of American Express Company in Principal cities of United States of America and -Carndz.
All classes of Commercial Banking Transactions undertaken.
THE YOKOHAMA SPECIE BANK Personal
JAMITED.
Established 1880
Capital (full paid-up) Yen. 100,000,000 Beserve Fund
Ten. 125,800,000)
Head Office: YOKOHAMA
Branches and Azències at:
Alexandria
Berling
Bombay.com
Calentia
Canton Dairen (Dalny)
Nagasaki Nagoya
New York
Oralia:
Paris
Peiping Rangoon
Fengtien (Maiden) Rio de Janeiro
San Francisco
Seattle
Harbin
Hong Kon
Honelalu
Hsinking Karachi Bobe
London Los Angeles
Soutabaya
handled.
investment
accounts
The Company offers to intending Travelers the use of its “Travellers Cheques”. and Letters of Credis and,
addition, the world-wide services: in of its thoroughly equipped Travel Department,
E. W. DUGGAN,
Manager.
THE WING ON BANK
LIMITED
Head Office: Hong Kong -26. Des Voeux Band Centrale. Authorised. Capital: $10,000,000
LONDON BANKERS; Westminster Band. Lid Foreign Exchange and every cription of banking, business trammact-
Current
It is expected that the Dutch delegation will return home, "“pend- ing further developments.—Trans- Ocean Service.
THE
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED
(Incorporated in China)
Capital paid up
$5,000,000 Reserves
$7.300.000. Capital Savings Dept. $500,000. Reserve Savings Dept. $600,000. Head Office Shanghai
A Bank having as its mission the industrial development of China and the fostering of her commercial relations abroad. Hong Kong Ofice..."
7. Ice House St. Phone 33481-2-
Is It Insured?
I
Providents (new), 20 cts. n.
Hong Kew Sh: $240 m.
New Engineering. Sh. $4 m2 S'haf Docks. Sh. 390 n.
Cotton Mills Ewo Cottons Sh. $8. Shanghai Cotton (old) Sh
$661⁄2 DL.
W. Wheat
July STOCKS:
Shanghai Cotton (new) ·$411⁄4 N.Y. Central
Zoong Sings Sh. $831⁄2 z Wing On Textiles, Sh. $55 z Lands, Hotels, etc. EK. and S. Hotels $4.15 b., $4
HK Lands $34 b.
H.K Lands 4% Debentures
100% D
Shanghai Lands Sh. $2034 n. Metropolitan Lands S $10 m.] Humphreys $8.15 b. HK Realties n Chinese Estates $90 m; China Realties. Sh. $4 n. China Debentures $129
Public Utilities HK Tramways $13 b." Peak Trams (old) #73⁄4 n. -Peak Trams (new) $53⁄41⁄2 m
Star Ferries €77 3- Yaumati Ferries $171⁄2 1. C. Lights $8.80 b HK. Electrice $5634 b. Mario-Electrics $2331⁄2 8. Sandakan Light $935 a. Telephones (old) $2014 b. Telephones (new) $8.10 b. China Buses Sh. $1124 n.
Singapore Traction 10/6 b Singapore Pref. 22/6 b.“
Industriais
Malabon Sagar $8% 2. Cald: Macy (Ord.), Sh $193.
Cald: Macg (Pref), Sh. $13 a. Canton Ices $1.80 A Cements $55 a converted. HK Ropes $2
Stores, etc...... Dairy Farms $14 b. Watson $3.10 b. "Lane, Crawfords $21⁄21⁄2
Mackintosh $ Sincerer #8 mi Wa Fowells, 70 cta. 1. Wing On (HK $100
ly difficult in the last few years place.
by currency fuctuations and an ever-changing commercial policy. (Continued on Page 9).
MANCHESTER
MARKET
REPORT
U.S. COPPER TRADE STATISTICS
Only Member Sales To Be Reported
U.S. Statement Causes US. ASSOCIATION'S NEW PLAN
Sharp Rally
SATISFACTORY DEMAND
FROM EAST
values over
New York. To-day- The US Copper Association has decided to continue only.re- porting member sales for statis- tical purposes, but will drop co-operative measures such as Last
Messrs. James F. Hutton & Co sales quotas, buying agreements 10.20 Close
1L00 Ltd, Manchester, reported as fol with fabricators, and price re 494 493 493% lows on May 29:-
ports, with a view to keeping There has been little alteration the industry from attack by in raw cotton
the price-fixing. The market is week, although this last day or this entirely open for the first the position has been decidedly time since last Autumn. Cus- more bearish
Prices eased ap-tom smelters have no prefer- preciably following the declaration ence sales quotas and the trade 81% of the United States Supreme is awaiting price indications in
Court that the National Recovery is most interested manner. Act codes are not constitutional. As a result of the abandon- A smart rally, however, wasiment of the copper code prac- brought about by the publication Lices, trade circles expect an of a statement that the Bankhead early reduction in the price of Loan Act would not be affected by copper. The opinion is held the Supreme Court's decision that some sellers would reduce The world wide importance of immediately but for the fact this new turn in events has been that June 30 is inventory time widely reflected in outside commo- and producers are reluctant to dity markets, where prices mark down inventories before
that date Renter (Continued on Page 9)
$70,000,000 BOND
ISSUE
Rehabilitation Of Szechuen
DISCOUNT RATE LOWERED
Nederlandsche Bank Decision
MAXIMUM BANK INTEREST
New York, To-day-Effective from October 1 the maximum in-
terest which may be paid by banks
chartered in New York State, including savings banks, will be 21 per cent. per annum, according to
·CHINA MAIL" SPECIAL {{the ruling of the State Banking Board The current maximum Amsterdam, To-day. Nanking. To-day.
The Nederlandsche Bank has rate is 21⁄2 per cent Beuber The regulations concerning the issuance of $70,000,000 worth of lowered the discount rate from bonds for the rehabilitation of 5 to 4 per cent as from to-day. Szechnen were discussed by the This measure has been general- Financial Committee of the Legis-ly expected in view of the ap lative Yuan yesterday afternoon preciable relation of tension on The bonds, secured by the sub the Dutch foreign currencies sidies granted to Szechnen by the market.
The balance sheet of the Central Government out of the salt revenue collected in that province, Nederlandsche Bank on June 24 will be withdrawn within win Showed an increase in the gold stock of 107,000,000 Dutch years-Beater
gulden, whereby the goldre- serve reached 627,062,000
BERLIN STOCK gulden The gold cover had
MARKET
risen from 75.76 to 77.56 per cents pe
The last change in the bank Business Almost Atate was made on May 16, 1935.
Standstill
***CHINA MAJE
ECIAL
Berlin, To-day
Trans Ocean Service
RAW RUBBER PRICES
Everything gone BUT YOUR
SAVINGS
RENT
FOOD
CLOTHING
HEAT
TAXES
Singapore
WATER
Messrs. HB. Joseph & Co. have
the following
CHITS
Sings-
SAVINGS
Business on the share market Latest Quotations From yesterday was almost at a stand- still Price changes, where they occurred, were almost xminal in character, since the
Coft stock changing han negligible The
Fixed int
FRITISH RETAIL TRADE
DURING 1
"HSMARK QUOTATIONS
“SAVE SOMETHING
START NOW UNDERWRITERS SAVINGS BANK FOR THE FAR EAST