BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
Authorised Capital Issued and Fully Paid-up Reserve Funds
Sterling 6,500,000 Suver $4,000,000 Reserve Liability of Pro-
prietors
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.-
7
$50,000,000
20,000,000 Incorporated by Royal Charter, 1859,
READ OFFICE HONG KONG, BOARD OF DIRECTORS,
de Hu Dodwith Ding. {"BAST THE WH
1. C. knizka, Enq
Deputy Clearan
4. Si; unsturn, Eng.
Semarang
HEAD OFFICE: LONDON
Paid-up Capital 20,000,000 Reserve Fund
£3.000,00) £3,000,000
Reserve Liability of Pro
prietors
£3,000,000
Agencies and Branchesz
Alar Nove
Bille
Anuritoer
Kangana མ་
↑ Bulaves
B
Klaas Kole
་
Cabutt Leszon
Ceby
Shanghai Seppone
„Lampar Kuching
| Colorado
Mentaka
1 Haiphong.
Hamburg
верить
Harbin
Penang
W. H. Bell, Esq., K. S. Morrison E9q+Cawnpore
A. H. Compton Esq
ton. Johnson, Edge Dulle
Hoa Mr. J. J. Paterson, G. Miskin, Esq., T. E Pearce, Esq.
BEANCEnni
LOADUN
Swee
Mankom
#
· 306Y
BANGKOK
BATAVIA BOMBAY CALCUTTI
GANTO
COLOMBO DAIREN FOOCHOW
HAMBURG
HANKOW
HARBIY
HONGKET
ILOILO
iPOR
JOHORE
KOWLOON
MALACCA
KANILA
MUNDES
MUAR Jobors)
NEW YORK
PETRING
BANGOOS
SAIGON
KUALA LUMPUR-
SHANGHAI
SINGAPORE
SOULA BAYA
SUNGE PATASI THENTNIN
TOSTO
TSINGTAO
TOKOHANA
Cu Acorn's mpered in Local Currency Fixed Deposite received for one or shorter periods in Loral Currency and Sterling Londone which will be quoted on application.
Hong Kong, 6th April, 1935.-
HONG KONG SAVINGS BANK
The Theatre of the shore Back in coaudmet ed by the HONG KONG AND SHANGHAI BANKING CORPORATION. Ruben Thay de obtined as application.
FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION,
7. M. GRAYBLEN..
Hoog Xcog. February,
Chief Masage..
THE BANK OF EAST ASIA, LTD.
-Author Capital
Paid-up Capit
Barve and Codivided Profits
$70,000,000,00
$243,200.00
HEAD OFFICE: HONG KONG
2. Des Yarns Dood Central
BOARD OF DIRECTUES:-
ee Shaon Chow, Chairman.
f.i Koos Chik Tag F. I Xak, Eq.. Wour Ten Toeg. Ens Chan Chung Soek, Eng. bae. Lag, Yong Chu Son, Eng, and hea Tig Par Jung.
Kao Tons To E-q. Cariel 360care. Le Four Emps Nasague.
BRANCHES AND AGENCLEN :—
-Maailm
Madura
Keastspore Soumalaya
Stile
Amay
Semin
Bombay
Ningemaks
tanha
New York
Tarie
pink Peami
Bungen
San Franciwed
„Caletas taboo Haiphong
Laukon
Jonolulu
S
Kobe
Soulant
London
rydzy Tarbeks. Tizzhat Tokyo Vancouver Yokohama
Every description of Beaking and Exchange
Boar Kont
Sparübaşı Тайриша
Tangkah
(Dibar)
Zambaram
Foreign Exchange and General Banking
· krenunciaŮ..
MAIL TUESDAY, JULY 23 1935
ommerce and Finance
LOCAL DOLLAR STEADY
Silver Prices Firm
The local dollar is steady, open- ing on demand this morning at 214
Spot and forward silver prices were also steady at 30-3/16 and 30-5/16, respectively.
The London on New York cross- rate was unchanged at £ USSE- 95%, while the New York on Lon- don cross-cate #3 quoted at US$1964, as compared with US$196
Empres Accouuta opered and Fixed Depos|5 received for one year or shorter penoda ei valen which will be quoted on application.
A. BREARLET,
Manager. Hong Kong, 1st January, 1935.
THE BANK OF CANTON, LTD.
Established 1912.
Read Dice:Tour Kong.
"Authorised Capital ...............
Paid-up Capital Total Resources
EXCHANGES
TO-DAY'S QUOTATION
Branches: Canton, Taishan, Shanghai On Singapore........... Hankow, Bangkok & San Francisco.
London Bänkara. Lloyds Bank, Ltd. | On Japan
Foreign Exchange and Banking business of every, description tran acted.
Current Accounts opated and Fixed Deposita received for one year or shorter periods at rätes which will be quoted on application.
Safe Deposit Boxes (various sizes)} for hire:
LOOK POONG SHAN,
Chief Manager
LOCAL SHARES
TO-DAY'S QUOTATIONS The following is the list of local share quotations issued to-day
Braka
HK Bank $1050 b.
HK Bank (London) £110%
ex dic
Chartered Bank”£151⁄2 n. Mercantile Bank A. and
$312- Mercantile Bank C. 5131⁄2 B. Bank of East Asia $761⁄2 n..
Insurances
Cantan Ins- $203 n. Union: Ins. $370, #L China Gnderwriters 10 cts.... China Fire Ins. $382 1. HK Fire Ins. $200 n. International Assce. $4 n
Shipping
|
B
+
Ralatoca $18 a Baguio Gold 22 cts. 3a. Benguet Consolidated $120. Benguet Exploration 12 cts. D. Benguet Goldfield 10 cts n. a Big Wedge 8-cts. 1- Gold Creek 30 cts. n.
Gold River 5 cts. a.
NEW YORK STOCK MARKET
Sharp Market Advance
SHORTAGE OF WINTER
WHEAT OFFERINGS
POLISH TRADE DECREE
BLOW TO DANZIG INTERCOURSE FOUNDATIONS LIKELY TO BE SHATTERED
CHINA. MAILS SPECIAL-
Danzig. To-da Not only business circles but also the general population In their marker report, Messis showed great perturbation yesterday about the decree issued S. E Levy and Company, sobres-- pondents for Messrs. White Weld by the Polish Government requiring all goods destined for Po- land to pass through the Polish Customs offices for payment of and Company, New York, state:-
"Stocks: With the exception import duties instead of as heretofore being handled on behalf of utility issues, the market ad- of the Polish Government by the Danzig port authorities. vanced sharply to-day. The build The first effect of this mea-
up of some cash in trading sé
sure will be to deprive Danzig counts is advisable. Business of transit trade aggregating at done:—1,370,000 shares.
Ileast 600,000 tons a year, which Wheat:-Premiums cash, will now pass via the Polish port wheat in Kansas City confirm the of Gdynia. shortage of Winter wheat offer-
an
LIFTING BURDENS IN KWANGTUNG Exorbitant Taxes Abolished
Asked about the effect of this ings. We would advise purchases measure on the Danzig Polish re on setbacks but, at the same lations the President of the
Canton. To-day. time, taking trading profits. Total Senate, M. Greiser, answered that sales: Wheat:-16273,000 bus it was but into effect it would
According to the statistics of the be a gross breach of the Faris Provincial Finance Department, hels. Corn:-2,389,000 bushels
"Cotton:-Weather conditions Convention of 1920 and also of more than 120 exorbitant taxes are favourable, except for exces-the agreement signed at Warsaw
last three years, the total amount sive moisture in Georgia and Ala on 1933 after the National So have been abolished during the bama Trading was less active cialist regime came into power of annual revenues sacrificed being influenced by the squeeze in July! As these two, agreements are
(over $6,000,000. || cotton.
In order to call the people's: at- the basis of all the Danzig-Polish "Hides anticipation of an relationships the adherence tention to the event, the Frovincial active demand in the Autumn, we the policy just inaugurated by Assembly has decided to fix August would favour an accumulation on Poland would shatter the founda-1-as the date on which a grand setbacks
(Continued on Page 7)
Latest Quotations-
The following quotations were received by Reuter:-
Prev. To-day's
close
NY/London. Cross-Rate
vinse
4.06
On London-
On T.T. and demand.... 2/14 4 months" sight
2/15
$11,000,000 On Shanghai- --8,556,000 32,170,492
Credits 4 months' sight
24224
On demand
134
On demand
90
Douglases $36 #- H.K. Steamboats 34 n. Indo-Chinas (Pref.), $30 n. Judo-Chinas (De£), $12 a. Shell (Bearer) $71/101⁄2 ne Union Waterbosts $111⁄4 n.
Mining
Antamoks 71 cts. n.
-N
On demand
1784
On India-
On T.T. and demand On New York-
13944
On demand
52%
Credits 60 days" sight
514
Ca Batavia
On demand
**76
On Paris
On demand
787-2
Credits 4 months" sight
832
On Saigon
On demand
1814
1044
On demand
883%
Ven; Goldfield $2.30 1.
11 Commodity
Sovereigns bank buying rate 2/24% 30-3/16 Bar silver per oz.
Docks, etc.
53.77
DOCK
HK ind K. Wharves (ok)
$76 b.
Business done:-1,370,000 shares.
DOLD
3% pa 324% dis par.
SAFETY FIRST!
To Safeguard Your Valuables 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 of Our New building is Specially Con- structed to provide all of these Im portant Qualities
On Manila
On demand
On Bangkok~~-
Bar silver in Hong Kong Copper cash Copper certs
You may obtain a Safe Deposit Rate of native interest Box in this most up-to-date Vault for Chinese Sub Coin your own use at a very moderate Ren-Hong Kong sub. coin
tal
Inspection Cordially Invited.
THE NATIONAL COMMERCIAL
& SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road Central
THE
boss trusted. Lowered to approved AMERICAN EXPRESS COMPANY,
Securities.
Current Accoon's opened in Local Currency: sod Fixed Deposita ered for one your or shorter periode in Local and Foreign Currencies on term which will be cooted on apfificata
Bade Deposit Boxer o
KAN TUNG PO
INC
Head Office: 65, Broadway, New York
Chef Manngat-
Capital Surplus Reserves
THE CHINA & SOUTH SEA BANK,
· LIMITED
(Incorporated in China)
Head Office...Shanghai
Capital... $7,500,000:00-
Beserve
Branches .All Important Cities
Banking
Current and Hering Accounts opened and Pined `Depamita, rercived for one year or shorter periods!
true which will be granted on application.
$1,500,000.00
in Chine
Foreign
Ecolage word
Gemel
Besinem transacted.,
Beelia Bombey
.U.S.$6,000,000.00 2,183,633.06 $70,731.05
NO TIN ON OFFER
FOR CASH SALE
Price Advances £9 To £245 Per Ton
London, To-day. The extraordinary position of there being, no tin on offer for cash sale was disclosed yesterday on the tin market, not even when to the price advanced £ £245 per ton. This is the high- Jest price for seven years and
537 higher than in February.
was later ex- The situation plained as being due to teck nical hitch on the part of the International Tin Control Com- mittee and later the metal quoted at 3. The cash figures Singapore were considerably higher than the price for delivery three months nence.
Milwa
Kaples
Paris Peiping.
Eatherdum Home Shanghai
BRANCHES:
Amarda
GOO
Antwerp Albers Anatom Bank
Glangeur
The Ingra
Honeberg
Brideiber
Premen
Interiakon
Brown's
Jual
Cairo Calestia, Cannes Colombe Copenbart
•
London
Manager.
Dublin Edinburgh Fionace Gepers
Narsing
Monte Carlo
Manila
HONG KONG BRANCH:
· Munich Kontraur
Vanne Tenica Tokohamaa Zaczich
* Des Foruz. Boad, Central.
· Musuger's Office
Paige Exciosoge. Degli sangat an
· Cashier's chee
THE YOKOHAMA SPECIE BANK
LIMITED.
Established 1888
•Liverpool
LaDet
Lagan
Lezor
Southempion
Theptan
Torais
Branches of American Express] Courpany in Principal cities of United States of America and Canada.
All classes of Commercial Banking! Transactions undertaken.
Personal investiment handled.
The Company offers to intending Travellers the me of its Travellers Cheques and Letters of Credit and Capital (full paid-up) Yez 100,000,000 in addition, the world-wide services Reserve Fund Yen. 125,800,000 of its thoroughly equipped Travel
Head Office:--- YOKOHAMA
Brandher and Så gene:
Alexandria
Batavia
Berlin
Bombay
Calcutta
Canton
Dairen (Dairy)
Hamburg
Nagasaki
Nagoya
New York Osaka Paris
Peiping
Rangoon Pengben (Mulden) Rio de Janeiro
San Francisco
Seattle
{Department
E. W. DUGGAN,
THE WING ON BANK
BLOED.
Head Office: Hong Kong -25. Des-Tocar Road Central. Authorised Capital: $10,000,000
LONDON BANKERS:
imeber Band. IM Foreign Exchange, and every cription of banking business transact
ed.
Current Accounts and
counts" opened. Fized
ceived at rates watch
on application
for Spee
Spe
WILS
It is known that the Control Committee hold 1,400 tons in the United Kingdom-Eenter.
THE
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED
(Incorperated in China)"
$5,000,000, $7,300,000
Capital paid 1-
Reserves -Capital Savings Dept. $500,000. Reserve Savings Dept: $600,000.
* Head-Office “Shazgkai
A Bank having as its missioz the industrial development o China and the fostering of her commercial relations abroad. Hong Kong Offerun
7 Ice House St. Phone÷31431-2-3-
Is It Insured?
Ipo Mining 90 cts. n. Itogons 36 cts. D. Salacots 12 ets. *. Kailan Mining Ad. 14/3 x2 Langkats (Single) Sh. $14 n.e S'hai Exploration Sh. $434 n. Shai Loans Sh. $51⁄41⁄4 n Raubs $74 b."
tions-of-intercourse between the two countries. There could. fact, be no further talk of Poland's respect for treaties.
REASONS FOR STEP
-
commemoration will be held every year Central Press.
LLOYD TRIESTINO
(Flotte Riunite Lloyd Triestino:
Marittima Italiana El. Sitma
NOTICE TO CONSIGNEES
Motor Vessel
As for the reasons advanced for the justification of this step, M. Greiser said that as regards 4.96% the supervision of business in IL51 SY. Cotton Oct. 11.33.
foreign currencies which Danzig NY. Ebber Sept. 1207a 1201
had been forced to introduce since Chicago Wheat Sept. 85% 85%
of the Danzig the depreciation 74% Chicago Carn Sept. . 73% Montreal Silver Dec, 69.00 69.25 culden, Danzig had gone to the extreme limits of possibility, to meet the wishes expressed by Poland, so that there could be no CONSIGNEES of Cargo are hereby
Silver Official
$429 329 ******
Dow Jones Averages
30 Industrials 12269 124.1# 141 up: 20 Rails
33.41.34.09 63. up 20 Utilities - 22.04 22:03 01 of 40 Bonds 96.09 96.83 16 off
Index
assertion of
Polish
inhibition of}
economic activity
| Danzig territory.
M. Greiser said that
MONTE PIANA” From TRIESTE VENICE, BRIN- DISI, PORT SAID, MASSAVA, SUDA, ADEN, KARACIIL, BOMBAY, COLOMBO, PENANG
& SINGAPORE:
informed that all. Goods are being on landed at their risk into the Godowas of the Hong Kong and" Kowloon,
in his Wharf & Godown Company, Ltd at
opinion consequences would fol-Kowloon, hence and/or from the
wharves delivery may be obtained. low which would exceed the range
Optional cargo will not be landed
ships-Trans-Ocean Service.
HK and K. Wharves (new) TRADE CONFERENCE of purely Danzig-Polish relation here, unless notice has been given 43
EK, and W. Docks $611⁄2 1. Providents (old) 85 cta. n. Providents (new) 20 cis, n- Hong Kew Sh. $240 n. New Engineering Sh. 31 a- Shai Docks Sh. $80 nă
Cotton Mills Ewa Cottons. Sh. $7 n Shanghai Cotton (old)
$55
Shanghai Cotton (new) 140 Zoong Sings Sh. 381⁄2 në » Wing On Textiles, Sh.$28 » Lands, Hotels, etc. H.K. and S. Hotels $5.90 n. HK Lands $3214 s HK Lands
St.
4% Debentures -100% Shanghai Lands Sh. #2011⁄2 m. Metropolitan Lands Sh. $10 Humphreys. $8 n. H.K. Realties $4 n.
Chinese Estates $88 n.*.* China Realties Sh.44_n. China Debentures Sh.$123 n.
Public Utilities HK Tramways $12.55/4 s3. "Peak Trams" (old) $7% z.
Peak Trams (new) 1544 n. Star Ferries $76-h.. Yaumati Ferries $17.60 n.- C. Light $3.55 bi, $871⁄2 sz HK Electric $571⁄2 1. Macao Electrics 39271⁄2 a. Sandakan Light $3 s.. Telephones (old) $21 b. Telephones (new)* $8.30 n. China Bases Sh. $111⁄2 n. Singapore Traction, 10/6 bi Singapore Pref.: 22/6 h.
#Industriale Malabon Sugar 381⁄2 a-
Cald. Macy. (Ord), Sh. $19%
IN PHILIPPINES
US. May Place P.I. In Same Preferred Tariff Category As Cuba
:
Washington, To-day. The possibility that the United States may place the Philippines in the same prefer- red tariff category as Cuba has (been discussed in authoritative
circles
OBITUARY
Death Of Rev. D. G. H
Sargent
SUDDENLY TAKEN IN LONDON
His many
friends in the Another message says that Dr. Colony will extend their sympa D Dorfman and Dr. Frank Warthies to the Rev. C. B. R. Sar ing, economic analysts of the Tariff gent, Headmaster of the Dioce Commission, together with the san Boys School, in his recent Manila Trade Commissioner, Mr. bereavement by the death of Bartlett Richards, Lave been de his father, the Rev. D. G. H signated by the inter-departmental Sargent. MA Vicar of St committee on the Philippines to Loke's. Redcliff Square, London, represent the United States in which occurred last Friday. joint trade conference in the Phil The late Mr. Sargent was ippines, which will begin in Sep-educated at Clifton College and tember, to lay the groundwork for St John's College, Cambridge, regularising the trade relations where he took his MA degree. After a year at Ridley Theo with the commonwealth.
Dr. Dorfman and Dr. Waring are logical College he was ordained fand became curate at Chelterham, leaving for Manila in Angust.
where he married in 1905. Beuter.
Shortly afterwards he became Rector of Cusop in Herefordshire
BERLIN STOCK and them Vicar of Holy Trinity,
MARKET Uncertainty Still Prevails
**** CHINA MAIL * SPECIAL
Berlin, To-di
Herefordshire. In 1914 he becxine Secretary of the Church Pastoral Aid Society in London and later of the Church of England Zenana Missionary Society, which he left in 1928 to become Vicar of SE} Lake's
His elder brother was the
The uncertainty that dominal Iamous surgeon, Sir Percy Ser ed the Bourse last week owing to gent, who died a year ago.
The news of his death Cald: Macg. (Pret), Sh. $13 E-the heavy decline of prices in
Canton Ices $1.80 2. Cements $5
HK Ropés $24.
Stor
Dairy Farms $15.80 z Watson $835 n Lane, Crawford $3 n. Mackintosh 47
Sincerás 25.80 1.
Wm Powells, 10 cfs. n.
Wing On (ILE) $70 1.
甘
$1.35 1.
5%-1925 G Bë
shipping shares continued yester was received by cable pa day, causing a general depres-was-entirely unexpected sion which was intensified by always been remarkably-fit weakness in the Allgemeine Elek-active; it apparently followe
shares, operation for appendicitis trizitaten gesellschaft
into the market in He leaves a widow and free
Consequently 8005,
which
lower, but to
there was RAW RUBBER PRICES
interest sek
incial Latest Quo
Call
to 2% per cent.
UTATIONS
| hours prior to vessel's arrival, bot married on from port to port to the final port of call to which the option extends
No claims will be admitted after the Goods have left the Godown, and #Goods remaining undelivered after the 29th inst. will be subject to rent.
All claims against the vessel must be presented to the undersigned sa or before the 7th August or they will not be recognized.
TEX-
All broken, chafed, and damaged Goods are to be left in the Godowns, where they will be examined on the 29th inst at 10 am, by our veyors Messrs. Goddard & Douglas in the presence of Consignees concern- In the case of dufiable cargo, con- signces are requested to inform the Imports & Esports Offer that they No Fire Insurance has been effected. have auch goods for examination.
countersigned Bill of Lading will be
by
LLOYD TRIESTINO Queen's Building Hong Kong, Zard July, 1935.
Everything
gone. BUT YOUR
SAVINGS
RENT
FOOD
CLOTHING
HEAT
TAXES
WATER
CHITS
SAVINGS
SAVE SOMETRIM
UNDE
ARE NOW
SAVINGS
FOR THE FAR EAST