BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
Authorised Capital Issued and Fully Paid-ny Reserve Funds:--
Sterling .. € 6,500,000 Silver -- $ 0,000,000 Reserve Liability of Pro-
prietors
$50,000,000
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
20,000,000; Izorporated by Royal Charter, 1855
HELD OFFICE HONG KONG.
RELTORS,
DOARD OF
Fadeli, -- Eng., Chairman
cc Knight Eng.
Deputy ChauTTAN,
Y. M. Gngben, Erg.
Chief Mausge7.
HEAD OFFICE LONDON
Paid-up Capital
£3,000,000
Agencies and Branches:
Onila
Ipoh
THE CHINA WAIL, THURSDAY, AUGUST 1, 1935
and
Commerce
Finance
LOCAL DOLLAR
STEADY
Forward Silver Up
The local dollar remains steady, opening on demand this
20,000,000 Reserve Fund
£$.000.000] £3,000,000
Reserve Liability of Prom
prietors
Alor Exter
* Bangkok:
Karachi
PAYESOR Kazan Semarang
Kat Kabe
ling at 2/07%-
Calcutta
Shorthai Singapore
CABSOR
Leturper
Furing
Nourabaya
Cabo
Madras
Taping
30-mila
*Tongkah
New York
(Banker)
Priping
Tinted
(7shing)
Tokohama
Pennas
Zamboanga
W. H. Bell. Esq, K: S. Morrison Esq
AE Compton Esq...
MT Johnson, B34+ Colombe Hon. Mr. J. Paterson,
Delhi Haiphon
G. Miskin, Esq. T. Pearce, Esq. Bamburg
ΑΝΟΣ
EANGROL BATANZA BOY BAT CAZCHTZA CANTOX
CREFCO COLONEL DAIREN POOCHON
FAITRUNG
HAVRERO
HANKOR
BARBIN
· KONGREW
Hono
POH
JOHORE
FORE
SORLOGS
BRANCHES
LONDON LYONS
SALACCA
NTAR Jobor)
NEW YORK
PEIPING
PENANG
PANGOON
SAIGON
SAN FRANCISCO
REALA LUMPUR
SHANGRAL
SINGAPORR
SURABAYA
NUNGHI PATANT THENTAIS
TORTO
TSINGTAO
YOKOHAMA
Camotent at the Youn? "nemze and Find The posita fiend for one war or shorter Demain in Loral furate and Sterling antoin and will he quadred on application.
Hong Kong, 6th April, 1935.
HONG KONG SAVINGS BANK
The B of the above Bast in conduce.
BANKING EPORATION, Ruim may be obtained on séparazena.
FOR THE HONG KONG AND SHANGHAI -BANKING COMPORATION,
--
Y. M. GRATHURN,
Chief Maongezi
Hong Kong, Sh Fiery,
3
THE BANK OF EAST ASIA, LTD.
Author and Capita
Paid-up Capital ......
Band: Codivades prot2160.000,00
HEAD OFFICE:-HONG KONG
18. Des Voeux Row Central
BOARD OF DIRECTORS—
Sr Shoson Chow, Chan
La Koos Chun. Eng.) P. K. Kok. Erd- og
Yus Tone. Esq., Chas Chir Eng Is SURE. Eng Wong Chu ton, Dry, and K. Yirg Po. Eng-
∙Kan Jocs Po. Enge Chire UnaMYNT
Le Foos. Emj, Xaunot
BRANCHES AND AGENCIES ————
Mik
Melbourne
Separung
Shangha
Этадирает
Amy
B
Bombay
Cairisto Canton Haisheng Hano Hornialu Babe
New York
Cusica
Paria
Pripunk
zvednes
Pruens Mungoon
Taibou
TÍFORMUO
Euwied Loodse
Tokyo
San Fratic
Vanrouter
Jokołaczną
Home Harbin
·Bone Lone
او
Freign Exchange and General Banking buizen
transacted.
at
Spot silver
steady was 30$/16, but forward advanced 1/16 to 30-5/16
The London on New York cross- rate was quoted at £-US$1.95, as compared with US$196, Lon- while the New York an doz cross-rate. WES quoted at
Cure Accounts prord and Fred Deposit US$4.953%, as compared with
weed for obe your of aborter periods at rules whạce will be quoted as application
A. BREARLET.
Manager. Hong Kong, 1st January, 1955.
THE BANK OF CANTON, LTD.
· Established 1912.
Head Office: Hong Kong.
| Authorised C vital
Every description of Backing and Exchazier -
Paid-up Capital Total Resources
$13,000,000 8,635.000
32170,492
¡£-US$4.96%-
TERCENTENARY OF
POSTAL SERVICE
Telephone Charges Reduced
London. To-day. To mark the tertentenary of the Post Office as a public service the Postmaster General 'yesterday
Branches: Canten, Taishan, Shangazi, Haskow, Bangkok & San Francisco London Bankers: Lloyds Bank, Lid,
Foreign Exchange and Banking business of every description trans announced in the House of Com MONS BEW concessions affecting acted.
Current Accounts opened and Fixed the telephone service in rural Deposits received for one year or shorter periods at rates which will be areas and having the effect of re- ducing the charges for sub- quoted on application.
Safe Deposit Boxes (various sizes) scribers distant from exchanges, by for hire.
amounts varying from £1 to " annually, and of increasing call office facilities-British Wireless Service.
LOOK POONG SHAN,
Chief Manager
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
RAW RUBBER PRICES
Latest Quotations From Singapore
Messrs. H. B. Joseph & Co have! Our New building is Specially Con- received the following Straits Cur- structed to provide all of these Im-rency. quotations from Singapore
for Raw Rubber:-- portant Qualities.
chtain a Safe Deposit! Spot You may Box in this most up-to-date Vanit for
Oct/Dec: your own use at a very moderate Ren-i
tai.
19% Up 19% 20 Up 20% 21% Up 21%
27/2
(1936) January/March Inspection Cordially Invited THE NATIONAL COMMERCIAL April/May/June
(1936) & SAVINGS BANK, LTD.
--... 2236 Market: Firmer. Corner of Ice House Street and Des Voeux Road, Central
THE
bumine tranpacted Lemas granted on appro AMERICAN EXPRESS COMPANY,
BOCUATICOPA, Correal d: Fund Dpomin received for cam gear shorter perioder in Incal and Foreign Cormacine on terth which will quoted on application.
Sale: Imponit xixon To Ch
Accom's opened in Local Currency
KAN TONG PO.
ING.
Head Office: 65, Broadway,
Chief Manage
Capital
Surplus: Reserves
THE CHINA & SOUTH SEA BANK
LIMITED
(Incorporated in China)
Head Office
Capit:1
Reserve
Branches
Forrit
* Exchange Basiz" Emacted,
Shanghai
.$7,500,000.00
.$1,500,000.00
All Important Cities
in China
and
General Banking
Current and having Acconiste opened må, Fized Depoxic cory.ved for poe gear or shorter periode
at rate which will be quised-on application
SOC Z. CHANG.
HONG KONG BRANCH:
Start
24. Der Bond. Cestral..
Kanser Office
Fowien Extang Dep!
General Oce
Cashier's Office
Tel. Shes
THE YOKOHAMA SPECIE BANK
LIMITED
Established 1880
New York...
_U.S.$6,000,000,00
Patre Thrice There Ierak Berungieto Toader: Liverpool
2,183,633.06 870.731.05
BRANCHES-
Amsterdam
Antwerp
Con Glasgow
Aiheda
A
The Hazor Hanna
Bryn'
Thumburg
Berlin Thomies? Perawa
Cairo Caiezta Село Culembo Copenhagen Trublia Edinburgh Flora Gezers
Milan
Kapla Piresn Paris Priping Palerme Pottandar Rome Shanghai
· Southwça pitan
Trotein Teoria.
Tanice Tokohama Zurich
LaserDa Lecano Lazar Marseilles
men Cario Natia Vunich Montreux Branches of American Express Company in Principal cities of United: States of America and Canada.
All classes of Commercial Banking) Transactions undertaken.
Personal.. handled
investment
The Company offers to intending] Travellers the use of its "Travellers Chectes" and Letters of Credit and, addition, the world-wide" services in Department,
Capital (full paid-up) Yen. 100,000,000 Deserve Fund... Ten 125,800,000 of its thoroughly equipped Trazel
Head Office:-YOKOHAMA Branches and Agencies at:
Alexandris
Batavia
Berlin
Bombay
Calcutta
Canton
Dairen (Dalny)
Nagasaki
Nagoya
New York
Oseka
Paris
Fengtien (Makden) Rio de Janeiro Hamborg
Hankow
Hong Kong
Robe London
Los Angeles
·Mod
Peiping Rangoon
San Francisco
Seattle
Semarang
Shanghai:
Seurabaya
Sydzwy
okyo
Bowed for: Currently Le
to be obtain
E. W. DUGGAN.
Manager.
THE WING ON BANK LRATED.
Head Office Hong Kong
26. Des Voeux Road Central Authorized Capital $10,000,000
LONDONÈBANKEES---- Westminster Band, Ltd Foreign Exchange and every" cription of
of banking
business trazismet.
Content
STEEL AGREEMENT
SIGNED
Quotas For Imports
Into Britain
→CHINĂ MAIL – SPECIAL
London, To-day. An agreement between the In- ternational Steel Cartel and the British steel industry was signed here yesterday.
The agreement, which comes into force on August 8.and may be ter- Iminated by either party after three years, fixed the quota for iron and. steel imports in England at 670,000 toas for the first year and at 525,- 1000 tons for each of the following four years, with the proviso that'
the duties imposed on these in- ports may not exceed 20 per cent. -Trans-Ocean Service.
THE
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED
(Incorporated in China)
Capital paid up even $5,900,000,
Reserves
$7.300.000. Capital Savings Dept $500,000. Eeserve Savings Dept. $600,000. Head-Office---Shanghai
A Bank having as its mission the industrial development on- China and the fostering, of her commercial relations abroad. Hong Kong Ofice
gid, Ice House St. Phone: 31487-23
Is It Insured?
Insurance All Chases LOWEST RATES
and Savings Ac-). America Asiatic Unders Then USA counts opened. Fixed Deposits re- ceived at rates which will be quoted on application. Special rates, given for Special deposita, ut
Trusteeship and Exxeer dertaken. Safe Deposit hire.
PHILIP
L. GOCKCHIN
LOCAL SHARES
TO-DAY'S QUOTATIONS
The following is the list of local share quotations issued to-day:
Banks
HK. Bank $1050 n. cum, div. HK Bank (London) 2107 sa, ex:
dir.
Chartered Bank 13
Mercantile Bank A. and B
$31.
Mercantile Bank C. 13. Bank of East Asia $7612 m
Insurances
Canton Ins. $203 1. Union Ins. $370. b.
China Underwriters 10 ch. 12 China Fire Ins. $382 n. HK Fire Ins $200 n International Assce. $4 z
Shipping
Douglases $36 1- EE Steamboats $4 n. Indo-Chinas (Pref.), $30 z. Indo-Chinas (Def), $12 n. Shell (Bearer) $14/4 n Union Waterboats $112
Mining
Antamoks 71 cts Balatoes. $18 i
Baguio Gold 22 cts. Benguet Consolidated $1220 n. Benguet Exploration 12 cts a Benguet Goldfield 10 cts .. Big Wedge 8 s.. Gold Creek 30 cts. n. Gold River & eta. - Ipo Mining 90 ets. n. Itogons 36 etsin. Salacots 12 eta: z.
Kailan Mining Ad. 13/-D
Langkats (Single) Sk. $14 m. Shai Exploration Sh. $41⁄2 n Shai Loans Sh: $54 z.... Ranhs $7.50 1.
Dr. Mei Lan-fang. the famous Chinese female impersonator, arrived in the Colony this morning oa board the ss. Coste Ferde on his voyage back to Shanghai from Europe. He is shown here in one of his inimitable feminine pones.
HOLLAND WILL REMAIN
ON GOLD STANDARD BUSINESS CIRCLES REASSURED
CHINA MAIL" SPECIAL
The Hague, To-day.
NEW ADVERTISEMENTS
THE. HONG: KỌNG LAND INVESTMENT & AGENCY CO. LTD.
N INTERIM DIVIDEND ... 15
the six months ended 30th June, 1985 will be payable on TLUES- DAY. 20th August, on which date Dividend Warrants may be obtain--
Come ed on application at the pany's Office. S Chater Road.
NOTICE IS HEREBY GIVEN that the REGISTER OF SEARES of the Company will be CLOSED from THURSDAY, 8th August, to MONDAY, 19th August, both days inclusive) during which period no transfer of shares can be registered.
A ONE DOLLAE per share for
By Order of the Board of Directors.
O EAGER
Secretary-
Hong Kong 1st August, 1935.
FEMALE
IMPERSONATOR
ARRIVES
DR. MEI LAN-FANG ON WAY HOME
TO AID YANGTZE REFUGEES
After ап extensive tour The news of the formation of the new Colijn
through Russia and Europe. Dr. Cabinet has been received with considerable re- Mei Lau-fang, China's famous lief in business circles, which were beginning female impersonator, arrived to show anxiety in view of the gold, withdraw in the Colony this morning by the ss. Conte Verde on his way als from Holland. It is hoped that the presence back to Shanghai of a reliable Government will work wonders in counteracting these effects of the crisis.
The fact that Dr. Colijn bas confined himself merely to re constructing his old Cabinet is giving rise to much criticism by the opposition press- The Social ist papers state that there has been no change and that the for- HK and K Wharves (old) mer, "disastrous policy will be
$76 b
Tenz; Goldfield $2.30 -
Docks, etc.
HK and K Wharves (new)
$141.
EK. and W. Docks $51⁄2 m. Providents. (old)-85 ctx. n. Providents (new) 20 cts. De Hong Kew Sh. $240 n New Engineering Sh. $4 - Shanghai Docks Sh.$78 n.
Cotton Mills
Ewo Cottons Sh. $7 -
(old) Shanghai Cotton
$65 1.
Shanghai Cotton (new) $40 Zoong Sings Sh. $84 Wing On Textiles Sh: $25 S. Lands, Hotels, etc.
H.K. and & Hotels $30 sa. HK, Lands $30 iz
continued.
CATHOLIC RESERVE Catholic circles maintain great reserve, stressing that the new Government should be judged by results. The Bourse reacted by strengthening the position of the guilder.
Political circles anticipate that be Premier will not immediately
+
NEW YORK STOCK MARKET
No Change In Outlook
CONFIDENCE IN FORWARD MOVEMENT OF BUSINESS
Dr. Mei spent two months in Russia, appearing on the stage at the popular opera houses in Mos- cow and Leningrad. In each of these cities he presented eight dramas in which be himself took part
Interviewed by the China Moil, Dr. Mei said that China's drama- tic art needs improvement as some of the technique has been greatly "We neglected and forgotten must find a new method to build up a renaissance in our art", be stated
ACTING ENJOYED "The Russians enjoyed my act- ing at Moscow,” continued Dr. Mei In their market report. Messrs."especially the way in which'i ex- SR. Levy and Company, correspressed and interpreted the part I pondents for Messrs. White Weld
(was acting. There is a vast dif- and Company, New York, state:ference between the acting of the
present. his new Cabinet to Par “Stocks:-The reaction to the Russians and our people. Shliament but will adjourn the lat-United States Steel Company's re-
ter for the recess and submit port
HK Lands 4% Debentures
100% D
Shanghai Lands Sh. 2016
Metropolitan Lands Sh. $10 Humphreys $8.10 s. EK Realties $4 n. Chinese Estates $88 m. China Eealties Sh$4 China Debentures Sh $123 1. Public Utilities
K.K. Tramways $12.60 sa. Peak Trams (old) $734 Peak Trams (new) $5% n Star Ferries $76 n
Yaumati Ferries $17.60 r. C. Light $8 bi
s.
HK. Electric $5634 b., $57 sa Macao Electrics $221⁄2 m Sandakan Light 33 x Telephones (old) $21 Telephones (new) $8.50 n China Euses Sh. $111⁄2 a Singapore Traction 10/6 b. Singapore Pref. 22/6 b.
Industrials Malabon Sugar $81⁄2 -. Cald: Macg. (Ord), Sh $191⁄2
Cald: Macg. (Préf.), Sh. $13 Canton. Ices $1.80 1. Comments 34 B H.K. Ropes $2.1
Stores, etc. Dairy Farms $15.70 s. Watson $3.35 n- Lane, Crawford $3. n Mackintosh $7 3. Sinceres $470 m. Wm. Powells 70 cis. n. Wing On (HK) 355 n..
Miscelaneous
HK Amusements $185 m Entertainments: $4 n
S. C. Enterprises $1.35-n. Macao "Greyhounds" 2-n. Constructions (old) $1.10 1 Constructions (new) 50 ets, Vibro Piling na Ch. Govt 5% 1925 G Bdr
$90%
indicates
continued
can-
(Continued on Page 7).
report on the Government's acti-fidence in the forward movement tities when Parliament re-assem- of business and no change in the COMMODITY PRICES bles, meanwhile conducting the outlook for higher prices. affairs of State by means of emer-
Business
decrees Trans-Ocean shares..
gency Service.
COLIN INTERVIEWED
The Hague, To-day: Holland is determined to
done: 1910.000 "Wheat:-We are expecting the been received by Renter festimates of the domestic crop to 1be around 590,000,000 bales, re-which is
a considerable reduc- previous figures. Canada
main on the gold standard, afrtion & ed Dr. Colijn in an interview yes still purchases much unmillable
terday. He advocated well-wheat, while fair crop prospects March
prepared international ence on commerce and stabilisation at the earliest sible moment.-Renter.
ADMINISTRATION SETBACK
Senate Banking Body Makes Surprise Move
.. Cotton Oct. ... 1148.
NY. Eubber Sept.
76%4
Chicago Wheat Sept. 914 9414 Chicago Corn Sept. 76%
68.80 Montreal Silver Dec. 69.00 Washington. To-day.
674 67% A sharp setback to the Ad-Silver Official
Dow Jones Averages ministration was administered 30 Industrials 125.37 126.23 66 up
The following quotations have
Prev. Yesterday Closing Closing
New York Cotton:~~~ October December
1148 11.62
11.37
-11.50
2
Hanuary (1936) 1134
11.45
confer there are currency corn.
pos-
1126
1142
checking interest in
May
11.22
*1*38
reheived by Beaters-
(Continued on Page 11):
Latest Quotations
New York Rubber The following quotations were September
¡December Prev. To-day's January
close
July
11.18
11.32
Spot
12.00
*1210
12.01
12.22
1222
12.43
12.29
12.30
clatir
N.Y./London
March
12.42
12.642
cross-rate
437.
495% May
12.525
1275
1162
Chicago Wheat:-
12.01
12.92
July
*90%
93%
September
9135 94%
December
92%
952%
May
-948
97%
Chicago Corn:---
July..
82%
8435
September
76%
76%
December
63%
-631/2
May
65%
64%
Winnipeg Wheat:---
July
844
852
Angust
84%
83%
New York Stivars
No.1 No.3 No. 1 No.5
Con-Con. Con. Con
Sept Dec
2.32 2.28 2.32 2.28
May
242 230 2.42 230 Jan (1986) 2161 2.08 2.16 208 March
2.10
210
2.15
A York September December March Montreal
September December January:
$1.44 144
143 *143* 143
143
68.05 €9.00 69.10 69.10
67.801
68.80t
$69.95
REICHSMARK QUOTATIONS
by the Senate Banking Com-20 Rails 34 86 35.25 · 29 up
22.90 23.85 95. mittee, which, by 11 votes to 7,120 Uities
96.55 98.96 °11′up returned to the Senate the Gold 40 Bonds
11 Commodity Clause Bill so revised as to
Index
54.91 5541-50-up permit damage suits on the
Business Done:-1,910,000 shares. Government obligations for six months after the enactment of the measure
The
had sought an immediate and com- plete ban on suits relating to gold note obligations.-Reuter STATE MONOPOLY OF COAL PURCHASES
Admin nor
New Italian Order Effective To-day
CHINA MAIL" SPECIAL,
Rome, To-day
BERLIN SHARE MARKET Buoyancy Prevails
· CHINA MAIL" SPECIAL
sar Berlin, To-day. Buoyancy prevailed in the share market yesterday, partly because the monthly balances of the Ger man hanks showed a substantial increase of depositors and partly because the text of the new Ger- man-Belgian Luxemburg
ment of
A State monopoly of the pur ment showed that the principle March chase of coal, coke, copper, tie and the Anglo-German agre nickel abroad will be enforced in last November had
nere.
| Italy from today, according to the whereby the ris
Gazette Officiale. The administrarency regul. tion of the monopoly has to entrusted to the State railways
Regulations governing the tran sition period have been issued with the object of preventing foration of Commerce
Ocean
-1511253--