BANKS
HONG KONG AND SHANGHAI
BANKING CORPORATION
Authorised Capital
$50,000,000
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Issued and Fully Paid-up 20,000,000) Incorporated by Royal Charter, 1852.
Reserve Funds
Sterling £6500,000
**
Silver... $10,000,000 Reserve Liability of Pro-
prietors
HEAD OFFICE RỘNG SONG
DOARD OF DIRECTORS.
6. H. Dodwell, Eng.
Ci
C. C. Anight, Eng.
Deputy Chai
V. X. Greybura, Esq.
Chief Kuonge
HEAD OFFICE: LONDON
|Paid-up Capital
Agencies and Branches:
Kangoots Saigon Semagaling
20,000,000
Reserve Fund
SS:000,003 £3,000,000
Reserve Liability of Pro-
prietors
Alor Star
Moila
Amarinar
Ipoh
Banghak
Arachi
Belaras
Kang
Bentay Calceti
Job
Cavapore
-Lamper Krohing
Cabra
Madron
Combo
Manila
Sourabaya Taiping Ventim
Madan
New York
Palpine
(Pricing) Penny
W. H. Bell, Esq. S. Morrison Esq., Canton
A. H. Compton Esq.
MT Johnson, Esq. Hoa. Mr. J. J. Paterson,
Haiphon
G. Miskin, Esq. 1. E. Pearce, Esq. Hamburg
BRANCHES
HANGROK
LONDON LTONS
BATANIA
BOMBAY
CALCUTTA
CANTON CITENGO COLOMBO
FÓW
BAITHONG
BANKOD HARRIX
HONGKET ILOILO
3702
JOHORE
KORE
ΣΟΥΣΟΥΝ
MALACCA
MANIZA
MEAR (above)
MURDEN
· NEW YOR
PIPING
EXANG
BAVODOX
SAIGON
SAN FRANCISCO
KUALA LUMPUR
SHANGHAI
SINGAPORE,
SOCTABATA
STUNGTI. PAŽANT TIENINIX
TOXTO
TSSIO YOKOHAMA
Career Arpante opened to Local Currency and Fiz!mpanion received for one year or short pricka in Local Company and Sterling obam which will he quoted on upation.
Hong Kong. 6th April, 1935.
HONG KONG SAVINGS BANK
The Bowen of lim'sbore Bank is conduct ed by the MNG KONG AND SHANGHAI BANKING CORPORATION Kulee may be obtained on application.
1 12 ĐỪNG KONG AND SILI
· BANKING CORPORATION,
T. M. GRATETEN,
Chief Manager.
Hoog Keng Virowy, 15
THE BANK OF EAST ASIA, LTD.
Authorized Capital
Paid-up Cape).
Beers and added
„$ID_ONLODÒ,00
...$ 3,50,000.0165
- 248,009,00
HEAD OFFICE-ROSA ZONG
Den Vans Band ("-ne
BOARD OF DIRETORS ;-
Sir Shou-son Chow, ChorTRATS.
Hmajor
Harbin
Bong Kane
transacted
Seremban, Sherchai Singapore
12) Tainetas Tokoba Zamboanga
For Exchange and General Banting miness Current Accmanty opened and, Fired. Deposits received for one year or shorter periode, at rates | which will do quowed, on application,
A. BREARLET,
Manager. Hong Kong, 1st Jaunary, 1935.
THE BANK OF CANTON, LTD.
Established 1912.
Head Office: Hong Kong
Authorised Capital
Paid-up Capital
Total Resources
$12,000,000₫
8,655,004
32,170,492
THE CHIN
Commerce and
Finance
LOCAL DOLLAR STEADY
Forward Silver Down
The local dollar is steady, opening on demand this morning
Spot silver was also steady at 31, but forward declined 1/16 to 31-3/16,
The London on New York croBS- rate was quoted at $--US$4- 94 as compared with US, $4.9373, while the New York on! London cross-rate was quoted at
TS $4.54% 3s compared with £ US$4938-
"GOLD CLAUSE" IN AMERICA
GOVERNMENT SUED FOR DAMAGES
Washington, To-day- Seeking to show that he had
Branches: Canton, Toishan, Shanghai, suffered actual damages from the Hankow, Bangkok & San Francisco. devaluation of the gold content London Bankers: Lloyds Bank, Ltd.
acted.
re-
Foreign Exchange and Banking of the dollar, John Perry, who business of every description trans-brought one of the celebrated "Gold Clanse" cases, has filed a Current Accounts opened and Fixed it in the Court of Claims in an Deposits received for one year or, shorter periods at rates which will be effort to receive $21,912 on $16,-
931 worth of Liberty Bonds, quoted on application.
Safe Deposit Boxes (various sizes)
Perry's previous suit- waS for hire
jected by the Supreme Court on the grounds, firstly, that a smit could not be maintained against: the Government unless damage had been suffered; secondly, that the plaintiff had failed to prove damage; and thirdly, that the proper Court to decide the ques- tion of damage was the Court of Claims-Renter.
LOOK POONG SHÂN,
Chief Manager
SAFETY FIRST! To Safeguard Your Vahables and Jewelleries. Deposit them in a Vault
that is really
FIRE - PROOF BURGLAR-PROOF DAMP-PROOF!
OUR SAFE DEPOSIT VAULT Located on the Mezzanine Floor ofi
En Chun. Eq., P. X. Eng. Tone!
Tun Tont. Ex-Chan Ching she
So, Eng Wong Che son, and an Our New building is Specially Con-
20. Eaq.
Kan Zone To, Eng. im Manager.
Li Te Foo, Esqu. Kanepit.
BELACHES AND AGENCY at pam
Mamila
Melbourat
Estaria
Bombay
Sagunaki
Caleta Caeton Haiphong Hankow
New York
+1.214 Banga MONTEREYA
Parin
Sydney
Tichies
Tietz
Takto
Fonatala
hobe
Kowloon
Loudon
Pipen Proons
Bangun
T
Da Fracino
Versever
3. auntsert.
Every dewcription of Banking and boge bumisena, tratated, Lona ziuated be approved? +mauricio.
Current Aeronta upened in Lord Cormary and Fiand. Deposite moved for one shorter perioda in Local and Foreign Cur
*
an terms, which wilí bu qurated on applicates -
Safe Deposit Beinen To Let
HAN TONG PO,
structed to provide all of these Im- portant Qualities.
EXCHANGES
TO-DAY'S QUOTATION
On London→→→
On TT. and demand
4 months sight
You may chanîn a Safe Deposit Box in this most up-to-date Vault for your own use at a very moderate Ren-On
Inspection Cordially Invited THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road. Central
THE
AMERICAN EXPRESS COMPANY,
.INC.
Head Offices—65. Broadway, New York
Chirt Manager
Capital Surplus
·Reserves
THE CHINA & SOUTH SEA BANK,
LIMITED
(Incorporated in China) Head Office Shanghai
*Reserve
Capital
Branches
Foreign Embings
Business transacted.
$7,500,000.00
..$1,500,000.00
...All Important Cities
in Chicoa
Getteral
Amsterdams
Katmergum.
Allema
Aamunt.
Besle Berlin Pambay Bermen
emenda
Banking
Cairo Calcatta Capture Colombo
Current and Saving Accounta oprend and Find Deposita received for one your or shorter perioda
at rates mining will be quoted on application.
HONG LONG BRANCH:
SOU Z CEANG,
Manager.
Tel. 2505
21. Des Tamıx Road, Conteni,
Manager's Office
Foreign Exebwage Dept.
General Offer
Cashier's Off
Coprangen Dublin Edinburgh Ferbe Genes
Credits 4 months sight
Shanghai... 4
On demand
On Singapore On demand
On Japan
2/234 2/23/ 2/3
LOCAL SHARES
TO-DAY'S QUOTATIONS
NEW YORK STOCK MARKET
Holders Desire To Withdraw
LARGE-SCALE, LIQUIDATION NOT IN EVIDENCE
In their market report, Messrs. SE Levy and Company, cerres- The following is the list of localpondents for Messrs. White Weld share quotations issued to-day:
Banks
HA Bank 1035_n. HE Bank (London) £124% Chartered, Bank $141⁄2 $13. Mercantile Bank A. and
Mercantile Bank C. 413 1 Bank of East Asia $61 u
Insurances
Canton Ins. $203 11. Union Ins. $366 DI China Underwriters 40 ds. China Fire Ins. $382 m HK. Fire Ina $200 m
•International Assce. $4 1
Shipping
Douglases $36 12: HK Steamboats $4′′n. Indo-Chinas (Pref), $30-m Indo-Chinas (Def), $12 n. Shell (Bearer) $70/734_n. Union Waterbosts $11 De
Mining
Antamoks 70 cts. the Balatoes $18 · Baguio Gold 23 cts.“b. Benguet Consolidated $10 Benguet Exploration: 10 dia. Benguet Goldfield $10 a Big Wedge 8 tts. 11. Gald Creek 30 cts. n.
Gold River 5 eta, a Ipo Mizing 90' cts. 1. Itogons $324 v Salacots 32 cts. De Kailan Mining Ad. 14/9 n. Langkats (Single) Sh. $14 1. Shai Exploration Sh. $41⁄2 Shai Docks Sh. $80 n. Ranhs $5.90 TL.
Venz Goldfield $220 n
11.
Docks, etc.
|000 shares
[Continued on Page 10)
UNNECESSARY
SPINDLES TO BE
ELIMINATED
GOVERNMENT BILL TEXT - ISSUED
COMPENSATION PAID OUT OF 15-YEAR LEVY
LOCAL NEW.
BREVITIES
The as President Hoov p.m. to-day.
pm as prev
lot at S
Among the passengers who left the Colony yesterday morning by the my. Asama Maru were Sir and Wiliam and Lady Sher
Miss Yvonne Shenton, bound for Yokohama.
London, To-day- Rudolf
The text of the Government's
Land Company, New York state:—
Mr. Rudolf Friml, the well- **Stocks: There appears to be a bill providing for the reduction known musical composer, was also desire on the part of many holders of excess capacity in the spin- passenger on the my. Asamoa of stocks to withdraw from the ring section of the cotton in Mary bound for Kobe, market on any strength. There is dustry, has been issued. As
The bill gives effect with few Mr. H Gild, well-known on the Bjno evidence yet of my large-scale
liquidation Business done: 72) exceptions, to the proposals of the China Coast, was among the pas- committee: set up by the Federa-
sengers who left for Shanghai yes- tion of Master Cotton Spinnersterday by the mv. Asama Maru Associations which were later ap COMMODITY PRICES proved by a large majority of Mas Mr. R. R. Roxburgit. Managing
ter Spinners....
for Chiza -- of Representative The Spindles Board, with power essus John L. Thanycroft and Ita borrow £2,000,000 will be set up Com was a passenger for Yokohama to buy redundant spinning plant, yesterday by the mv. Asama Mard. at a price it considers acceptable; { pata and dispose of it by breaking up The rate of postage on letters for sale, but not sale for export.
from Hong Kong addressed to It is understood that the bread Sinking and Mongolia is now 5 aim of the Board, which is not cents per ounce and on post=" oblized to buy nor able to compel cards 2 cents each.
The following quotations have been received by Beuter
Prev. Yesterday Closing Closing
201 CENTO
January
New York Cot July
October
December
IL68
11.80 11.75
January (1936)
11.69
1176
March
Mar
Spot
$11.21 1183 11.75 1188 12.35 12.45
New York Rubbers- July
12.33a
12:25
September
December
12.902
12.47 12.42 12.67 12.62 1273
12.63 12.83
Chicago Wheat:-
July
86%
36%
September
X7
86%
December
38%
-88%
Chicago Corn:-
July
$1
81
September
75%
75%
December
65%
€474
Winnipeg Wheat:—
July
8134 $234 8314 8236
March
the sale of plant, will be to reduce je z
the existing capacity of between The RMS. Empress of Asia |48,000,000 and 53,000,000 spindles left Vancouver last Saturday and jby about 10,000,000.
15-Year Levy
is due to arrive here on Wednes- day, July 17.
Interest and amortisation of the
Charged with being a vagrant. debt incurred by the Board will be in the Colony, a 23-year-old- met out of a levy, paid for 15 employed, Vincent Andrew Newes years, by every cotton mill with was committed to the House of spinning machinery, whether spi Detention by Mc Q A. A. Mac- ning Egyptian or American cotton Fadyen at the Central Police It is expected that the lexy willl Court this morning. The police work out at one and one sixth of are making arrangements for ac- penny per mile spindle per annum cased to be sent back to Cal- If the proceeds of the levy should cutta.
fall short of the amont nécessary, not
the Exchequer is to make good the Sanitary Inspector W. E Allen deficiency.
was treated at the Kowloon Hos New plant will be subject to apital on Tuesday after having August
back levy and for the first three been bitten by a mongrel bitch New York Sugar:-
years no new plant may be set up belonging to Li Sui at the Matan- Na 7 No.3 No. 1 No.3 unless an equivalent autoont of kok slaughter house.
Con Con Con. Con (plant is surrendered or broken up.
240m 238 238n 235a
HK and K Wharves (old) $IT|
July VHK and K Wharves (new) $75 Sept. 243 241 241 2.39 ¡Dec. 2.47 239 246 236 Jan (1936) 2.30n 216 229 214
1.
FK and W. Docks. $62 n. Providents (old) 85° ch. 3. Providents (new) 20 cts. n. Hong Kew Sh. $240 n. New Engineering Sh. $4. n. 137 Sbai Docks Sh. $90 n. Cotton Mills. Ewo Cottons Sh. $
Shanghai Cotton (old)
New York Silk*-* July
September December
1.31 L31 132 133 13274 1.32
Montreal Silver: July:.
September
Sh-December
January
Shanghai, Cotton (new) 340 m.
Wing On Textiles, Sh. $55 a
69.40 69.50 69.85t 69:95 71301 21.00 71.60¤ 71.30m
ABOLISHING THE SUBMARINE
HK Lands 4% Debentures Britain And Germany
9334
On demand
18534
60.J
On India---
On T.T. and demand
1444
Zoong Sing Sh. $83⁄41⁄2 11-
On New York-
On demand
54
Lands, Hotels, etc.
Credits 60 days' sight
56%
HK and S. Hotels $4 b.
On Batavia
HE. Lands $35 nom.
On demand
7832
On Paris
100%
On demand
$15
Shanghai Lands Sh. $20% n
_U_S_$6,000,000.00 2,183,633.06 870.731:05
Credits 4 months' sight
860
Metropolitan Lands Sh $10 n.
On Saigon
Humphreys-$84. D
On demand
814
HX Realties $4 n.
On Manila
301
Карая Piraeus Paria Priping Palcroze Rotterdam
108
On Bangkok
On demand
8434
Sovereigns bank buying rate 2/3%
Bar silver pET OZ.
$1
Marmeline Moona Carlo
Munich
Shegoal Fouthampton
·Singapore Turstimin
Varona
Eskalation Zurich
Bar silver in Hong Kong
1101.
Copper cash
BOM.
Copper cents
par.
3% pa
32% dis
Monteras
par
ERANCHES:-
Gezon Glasgow The Flame HATUR ILamborg Harry Kiddsberg
Inten Jermain Lendoa Liverpool Lucerne
Branches of American Express
On demand
Rate of native interest
Chinese Sub Coin
Hong Kong sub, coin
Company in Principal cities of United RAW RUBBER PRICES
States of America and Canada, na
All classes of Commercial Banking: Transactions undertaken:
THE YOKOHAMA. SPECIE BANK Personal investment -
LIMITED.
Established 1880
handled.
The Company offers to intending Travellers the use of its "Travellers
Latest Quotations From Singapore
Messa. H. B. Joseph & Co. have Cheques" and Letters of Credit received the following Straits Capital (full paid-up) Yen 100,000,000 in addition, the world-wide services Currency quotations from Sings Reserve Fund
of its thoroughly equipped Travel Yen 125,800,000,
Head Office:-YOKOHAMA
Branches and Agencies at
Alexandria
Batavia
Berlin
Bombay
Calcutta Canton
Nagasaki Nagoya
New York Osaka Paris
Peiping
Dziren. (Dalny) RangDOR Fengtien Cinkien) Rio de Janeiro
San Francisco
Hankow Harbin
Kon
Department
E. W. DUGGAN.
THE WING ON BANK
BIIMITED.
Head Office Hong Kong 26, Des Teen Road Central -Authorised Capital $10,000,000
LONDON BANKERS Westminster Band, Ltd Foreign Exchange and every des Peription at banking business transact
ed
Current Accounts and-
counts opened.
esived at rates
on application
for Special-depor
-porīta)
ore for Raw Rubber
Spot 19% down 2 b 29 s July-September 2014 no change
h 20
October-December 211⁄2 down
2 b. 213% 8. Jan-March 21% down 7% ES
SHANGHAI COMMER SAVINGS BANK LIM
Chinese Estates $90 'n.
China Realties: Sh. $4 n. China Debentures $123
Public Utilitie.
EK, Tramways $13 b. Peak Trams (old) $73⁄4%. n. Peak Trams (new) $53⁄41⁄2 n
Star Ferries $761⁄2 sa. **Yaumati Ferries $17 n.
C. Lights $890 TL
HK. Electrics $57 b. Macao Electrics $2276, n. Sandakan Light 33 s. Telephones (old) $20.30 **$21.15.2
Telephones (new) 38.20 n China Buses Sh. #111⁄2 m Singapore Traction 10/6 b. Singapore Pref. 22/6 b.
Industrials Malabon Sugar $83/2 1- Cald: Mary. (Ord.). Sh. $19
Cald: Macy (Pre). Sh. $18 Canton Tees $1.80 1 Cements $52. FK Roper n
Stores, etc Dairy Farms $141⁄2 D Watson 3.10 Be Lane Crawfords $2.40 b #Mackintosh sy kan
Sinceres pe
Wm. Powells, 70 cia n.
On (ILE) $100
Cons
In Agreement
2
A Board of three members will A fee of $50, in default one be appointed by the Board of month's hard labour, was imposed Trade and its operations will be on Teja Singh by Mr. Q A A kept under review on behalf of the Macfadyen at the Central Police cotton industry by ཀ advisory Court this morning for entering. committee of four representatives the Calory without a valid pass- of the spinners.
port
Whether the Government will
proceed with the bill in the present Hong Kong rainfall for the 24 Isession depends on the degree of cours ending at 10 am to day general support, forthcoming from was 184 inch. The total since all sections of the House of Com- January 1 has been 33.06 inches, British Wireless Service, as against an average of 40.06
TRONS.
COLONEL BECK WELCOMED
TO BERLIN-
(Continued from Page 1)
HITLER BANQUET
inches.
Appearing before Mr. E. L Wynne Jones at the Kowloon Magistracy this morning on charge of attempting to sell the return half of a ticket for the Kowloon Canton Railway, which had been bought in Canton, Teung Yas-fuk, a 45-year-old was fined
Everything
London, To-day A later message states that The First Lord of the Ad-Herr Hitler gave a banquet in his yelling tradesman, miralty, Sir Bolton Eyres official residence last evening in Monsell, gave an emphatic de honour of Colonel Beck and his nial in the House of Commons wife, the Polish Ambassador in yesterday to the statement that, Berlin, M. Lipski, and the German whereas Germany during the Ambassador at Warsaw, Herr von naval Moltke, as well as Colonel Beck's recent Anglo-German conversations had offered to escort, several members of the abolish submarines, Britain German Government and several had not been prepared to ac-other prominent people in political cept such an offer.
circles also being present. The First Lord recalled that banquet was followed by a con the German Chancellor had cert at which prominent German stated in his speech of May 21 musicians and singers performed that Germany had already-Trans-Ocean Service.
gone. BUT YOUR SAVINGS
RENT
zgreed to the abolition of sub An earlier message stated that: marines, provided other coun the Polish Ambassador, tries would do the same, and Lipski, and the Embassy staff met
Polish this was reaffirmed by the Ger- Colonel Beck, man representatives in the re- Minister, at the railway
when he arrived on his two-day cent conversations.
34
FOOD
CLOTHING
He continued, “As is well visit to Berlin known, Britain has long taken The Secretary of State, Dr. the lead in endeavouring to se Weisner, as the Fachzer's deputy
Beck Othe cure a general agreement for the welcomed Colone abolition of submarines and has present were Baron von Neur over and over again pressed for Foreign Minister, General this at every possible opportu
and Forelen Office officia ity, from the Washington
“Trans-Ocean: Ser
ference onwards.
repre
The German were reminded of our this point which are cord with their
stely, however,
not universally shared
Cón-
STALKSAWANGE A PIONER
A later mesunge Colonel Beck had
Teh was not dis
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