کر
BANKS
HONG KONG AND SHANGHAI | THE CHARTERED BANK OF
BANKING CORPORATION
Antherised Capital
INDIA, AUSTRALIA & CHINA.
$50,000,000
Issued and Fully Paid-up 20,000,000 Incorporated by Royal Charter, 1855.7
Reserve Funds
Sterling € 6,500,000 $0,000,000
Agencies and Branches:
Saver ----
Reserve Liability of Prom
HEAD OFFICE: LONDON Paid-up Capital 20,000,000 Reserve Fund
£3,000,000 £3,000,000
Reserve Liability of Pro-
prietors
£3,000,000
Alor Star
Assitama-
Hoto- Ipoh Furachi
Rangoon
.
· Peigno
Semarang Ser
Singapore
Lumpar Xoching
Cebo
Colombo
Manila
Taipan Tiest
"Medan
|phiphot
New York
Pipist
(Bhukar) Thing
Hanom Zinebit. Bong Koer
(Prizing)
Prong
Tokobana Zamboang
Batava
prietors
HEAD OFFICE HONG KONG.
BOARD OF DIRECTORS.
_Dvdweil Zaq
Chairman,
C. Krisht. Eng.
Depoty tharmad.
V. X. Grybarn. Byq.
Chief Manager
Bangkok
W. S. Bell, Esq. S. Morrison Es4, Campore
A. H. Compton Esq.
M. T. Johnson, Est
Hon Mr. J. J. Paterson,
G. Miskin, Esq. T. E. Pearce, Est. Rensburg
Kinar
Robe
Madina
AMOT
HANGIOX
BATAVIA
BOMBAT
CALCULTA
CANTON
CHEFOO COLOMBO
DAIZEN -FOOCHOT
HAIPHONG HAMBURG BAYKOT HARWIN
BONGKET
TLOTLO
IPOR
JOHORE
FORE
KOSLIN
BRANCHES
LONDON
LYONS
MALACCA
MUAR Gebore)
MANILA
MURDEN
NEW YORK
PEIPING
TEXASG"
RANGOON
SAIGON-
SAN FRANCISCO
KUALA LUMPUR
BANOBAL
SINGAPORE
SOCRABATA
SUNGEI PATAXI TIENTSIN
TOKYO
TSINGTAO TOKOHAMA
Carmer A-muurse' operind in Loral TheoTT and Find Depreste og sund der one page a abction in Incul Cummers and Semeline on which will caused on application.
Hong Kong. 6th April, 1955.
HONG KONG SAVINGS BANK
The Bumerof the shore Baaki.is exodost ed by the HONG KONG AND SHANGHA BANKING PORATION. Buire may be abtmund on picaon.
FOR THE ONG RUNG AND SHANGMUI BASKING CORPORATION,
T. M. GRATECEN
Hong Sooth. Fairuary,
Chief Mazugut.
THE BANK OF EAST ASIA, LTD.
Authored Capital
Paid-up Capital
„$ -5,DER, 200
Beered and Undvaded Profe $ 2,450,000.8)|
HEAD OFFICE BONA KONG
1. De Fina Roma.
BOARD OF DIRELES
Sir Show Chan, Chambat,
Barn
¡Canton
Commerce and
LOCAL DOLLAR
STEADY
Silver Prices Firm
The local dollar remains steady, opening on demand this morn ing at 2/0
Spot and forward silver prices were steady at 30-3/16 and 30- * 5/15, respectively.
Foreign Exchange and General Banking business
| trazanciečo
The Loadon on New York cross- rate was quoted at £-US$49532 as compared with £-US$1954. Lon- while the New York on
cross-rate was quoted at 2on
Current Accounts pared and Fixed Deposita-17.5.81954, as compared with received for wow war er shorter periode at which wit be quoted or application
A BREARLEY.
Manager Hong Kong, 1st January, 1955.
THE BANK OF CANTON, LTD.
Established 1912.
Head Office:Hong Kong.
Authorised Capital
Paid-up Capital
Total Resources
US$1.95%-
EXCHANGES
TO-DAY'S QUOTATION
Branches: Canton, Toishan, Shanghai On Singapore--
Hankow, Bangkok & San Francisco.
London Bankers: Lloyds Bank. Lid,
On demand
Foreign Exchange and Banking On Japan business at every description train- On demand acted
On India.
Current Accounts opened and Fixed). Deposits received for one year or shorter periods at rates which win quoted on application.
17/0
RECONSTRUCTION
Finance OF ECONOMICS?
LOCAL SHARES
TO-DAY'S QUOTATIONS
The following is the list of local share quotations issued to-day:
Banks
EK Bank $1050 n. com. div.
DANZAG FACED WITH
GRAVE CRISIS
SHOWS SIGNS OF POLAND S
CHANGING SITUATION
~CHINA MAIL ~ SPECIAL
Danzig. To-day. Such catastrophic consequences have followed from the pro- H.A. Bank (London) £105 b. exclamation of the Polish Finance Minister on July IS forbid
div.
NEW ADVERTISEMENTS.
BANK HOLIDAY.
Accordance with Government Ordinance, the EXCHANGE BANKS will be CLOSED for the Transaction of Public Business en MONDAY, 5th August."1955. (The First Monday in August). Hong Kong, 1st August, 1955.
A. S. WATSON & CO, LIMITED
NOTICE
ON MONDAY, the 5th August.
The Hong Kong Dispensary,
ding the clearance at Danzig Customs houses of imports destin- Chartered Bank £13
ed for Poland that the Senate Testerday empowered the PresiAll Departments will be CLOSED. Mercantile Bank A and B dent, M. Greiser, to take all the emergency measures consider ed imperative for safeguarding provisioning and the primary needs of the Danzig population
$31 Mercantile Bank C. 413 Bank of East Asia $76% n
Insurances
Canton Ins. $203.
m.
Union Ins. $373 b. $574 sa. China Underwriters 10 cts. De China Fire Ins. $382 n. HK Fire Ins. $200 n. International Assce. $4 TL
Shipping
Douglases $36 D-
HK Steamboats $4 n. Indo-Chinas (Pref), $30 - Indo-Chinas (Deľ), $12 n. Shell (Bearer) $74/474 n- Union Waterboats $7114
Mining
Antamoks 73 cts. b.
Balators $18.
Baguio Gold 22 cts. b. Benguet Consolidated $12:20 a. Benguet Exploration 12 ets Benguet Goldfield 10 ets n.. Big Wedge, 8 cts, a Gold Creek 30 cts.
On London-
On TT and demand
4 months' sight
„2/-78
2/1
-$11,000,000;
Credits 4 months' sight - 2/2
8,655,000 On Shanghai-
22.170,492 On demand
137
SST*
17534
On T.T. and demand On New York.........
1374
On demand
513%
Credits 60 days" sight
1On Batavia-
On demand
75%
On Paris-
On demand
Credits 4 months" sight
Gold River 5 cts. a. Ipo Mining 90 cts. D. 775: Itogons 36 cts. ni 820
Salacots 12 cts. 1.
On Saigon-
On demand
TE
Kailan Mining Ad. 337-n. Langkats (Single) Sh. $14
10234
Shai Exploration Sh. $3 n. Shai Loans Sh. $54.
Raubs $7.69
On demand
893
Sovereigns bank buying rate 2/134
Venz; Goldfeld $2.30 n.
Docks, etc.
located on the Mezzanine Floor of
Bar silver per oz-
30 2/16 ... com
HK and K Wharves (old)
Safe Deposit Boxes (various sizes)} for hire
LOOK POONG SHAN,:
Chief Manager
SAFETY FIRST!
To Safeguard Your Valuables and Jewelleries.. Deposit them in a Vank
that is really FIRE-PROOF
BURGLAR-PROOF
DAMP PROOF!
OUR SAFE DEPOSIT VAULT
On Manila-
On demand
On Bangkok-
Li Rom Chun. E . I . Pay. To Our New building is Specially Con-Bar silver in Hong Kong
TVD Int. Eng Chan Ching
Ected to provide all of these I-Copper cash
portant Qualities
Sans. Eng. Trong Ca Son. q. and Ras Ting -Pa. Eng.
Kan 7005 Pa Eng. Vi-! MasugOF LT Four. T. Mabes T
BRANCHES AND AGENCIES --L
Canton Haiphong
Junio
Amor
sat
Batavia
Bombay
Nackt
Cairutia
New Torik
Singapore
Chin Faris Pepita
20
P
Kaskom Hotsia
Kobe
Xowood Loudon
wher
Toky
San Francisco Vac
Imohuma..
Every Ameriques of Bashing and Exchur
.
Copper cents
You may obtain a Safe Deposit Rate of native interest Rox in this most up-to-date Vault for Chinese Sub Coin your own use at a very moderate Ren-
Hong hong su con
tal
Inspection Cordially Invited.
par. 35% pa 32% dis.
par.
THE NATIONAL COMMERCIAL RAW RUBBER PRICES
& SAVINGS BANK, LTD. - Corner of Ice House Street and Des Voeux Road. Central
THE
Latest Quotations From Singapore
Messrs. H. B. Joseph & Co. have
•DUSENIN TRANCA LowDedon AMERICAN EXPRESS COMPANY, received the following Straits Cur-
Currenc
Ammonia spend in Iowal Com
and Fred Try mon point for a wet of shorter periods in Low and Forign Com
on terms which, witi he quoted on piticwhi
Safe Deposit Boxes To I
KAN TUNG TO.
THE CHINA & SOUTH SEA BANK,
LIMITED
INC.
Head Office: 65, Broadway, New York
Chart Haus 27.
Capital
Surplus
Beserves
US$6,000,000.00 2,183,633.06
$10.731.05.
BRANCHES ——
Amsterdams
Gemon
(Incorporated in China)
Head Office Shanghaf
Capital
.$7,500,000.00
Jetway Athens An Para Berlia Bombay
GINGE
The me Botanic Have bee
Vis
Naples Pirate Torin Privina Palermo
Reserve
.$1,500,000.00
Jimmies
.All Important Cities!
Damnatis
Chino
in China.
Forrig Exchang
ad
Banking
Basizes curd.
Canber Colombo Sophagea Duniin
nburgh Fleaware
Branches
Geral
Current Susing Accounts opened and Fisadi Deporte mised for oor gene of whorser penodai The wick will be quited on applicación.
.
SOU Z. CHANG
BONG KONG BRANCH:
Hampt
24. De Torx Bond CentPRI.
Manager's sym
Foreign Exchange. Impe
Gr Office
Cashier's
-Tel two
THE YOKOHAMA SPECIE BANK
LIMITED
Established 1880 Capital (fall paid-up) Yen. 100,000,000 Reserve Fund ... Yen 125,500,000
Head Office:YOKOHAMA -
Branches and Azencies at:
Nagasaki.
Bombay
Calendra..
Cantor
Dairen (Daly)
Sew York
Paris Peiping Rangoon
Fenstien (Makden) Rio de Jezero
Hamburg
Hankow
Farbin
Hong Florio Inkr
**Kong
Cabe
San Francisco
Intertiaket Irramar Louder Liverpool
Leerne Luciabo
• Lucson
Varmeve
Manda
Botterda Tome Shanghai Southampton Singapore Tertain Tomina
Minate Carlo
Tokohama Zudieb
Xonjeh
Montreat
Branches of American Express Company in Principal cities of United States of America and Canada.
All classes of Commercial Banking Transactions undertaken. Personal investment inandled:
accords
The Company offers to intending Travellers the use of its "Travellers Cheques" and Letters of Credit and, in addition, the world-wide services of its thoroughly equipped Travel Department
W. DUGGAN
Manager.
rency quotations from Singapore for Raw Rubber:-
Spot 19% unchanged b. 1934 S- October-December
20
changed b., 2034 A. January-March (1936) 213 un-
changed b. 2132 5. April-June (1936) 221
changed b.. 2216 3.
Market:-Firm
MEE
117
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China)
Capital paid up.... $5,000,000,
Beserves
$7.300,000. Capital Savings Dept $500,000 Reserve Savings Dept. $600,000. Read-Office-Shanghai
A Bank having as its mission the industrial development OL China and the fostering of hem commercial relations abroad. Hong Kong Ofice...
7. Ice House. St. Phone 51481-2-3
Is It Insured?
Insurance All Classes LOWEST RATES
THE WING ON BANK American Asiafic. Underwriters
ELIMETED.
Head Office: Hong Kong 26. Des Voeux Road Central. Authorised Capital $10,000,000
LONDON BANKERS: Westminster Band, Ind Foreign Exchange and "every 'des- tion of banking business transact
Current Accounts and Savings Ac-) cornte opened. Fixed Deposits, re- ceived at rates which will be quoted on application Special zaken gave for Special depozitare
Trusteeship, and Farecido dertaken
Hong Kong, TI
GO
int Krueger
Deposiź BezRE
Fed. Inc USA.
General Agents
Head Office
17, The Band
AD
QUALITY
SELE Office Asiz Life #Building Tel: 30235
PRINTING
q9.3
HK and K Wharves Chew)
$74 2 HK and W. Docks $51⁄2 n Providents (old) 85 eta. n. Providents (new) 20 cts n
·Hong Kew Sh. $240 m
New Engineering Sh. $4 ne Shanghai Docks Sh.578 n.
Cotton Muls
Ew Cottons Sh. 37 D-
(old) Shanghai Cotton
$65 21.
Shanghai Cotton (new) $40 Zoong Sings Sh 3815 n Wing Or Textiles Sh. $25 n Lands, Hotels, etc
H.K. and S., Hotels $3.80 1. FK Lands $30 1. HK Lands.
100% Du
VJ
M. Greiser thereupon instructed Danzig officials to allow certain classes of goods indispensible to life to enter the Free City without payment of the scheduled import duties.. but quantitatively only to an extent compatible with the safety of the Danzig currency."
Dispensing Department,
will be open for dispensing prescriptions from 10 am to
1. Pa
...
and from 6 pm to 7:30 p The Kowloon Dispensary will
be open for business from 10 am-
Simultaneously M. Greiser made an official declaration to to 1 p the representative at Danzig of the Polish Government, Minis- ter Papec, that the Danzig Senate is prepared to negotiate with the Polish Government on all the differences between the two States.
The Danzig
Government also
isssued yesterday a commentary
on the steps taken, stating that "DEATH SENTENCE” the present economic crisis int
REPRESENTATIVES
Danzig arising out of the Polish AGAIN REJECTED BY decree of July 18 exceeds in gra- vity anything hitherto known. às imports for Poland can no longer be cleared in Danzig all Poland's sea-borne imports are forced to pass by way of the rival port of Gdynia, so that Danzig's fune- tions as the seaport for Poland virtually and actually will cease. Hence if Poland insists on the maintenance of her attitude Dan-: zig will be compelled to recon-
in
NEW YORK STOCK MARKET
ANOTHER REBUFF TO ROOSEVELT
FURTHER RESPITE FOR "HOLDING COMPANIES”
Washington. Today.
The House of Representatives
struct its economics entirely, im-rejected a motion offered by porting its foodstuffs and raw Representative Rayburn, to ac materials from foreign countries cept the Senate provision in the that accept Danzig industrial pro-Utilities Bill. calling for the ¡ducts
exchange Trans-abolition of unnecessary "hold- Ocean Service.
ing companies." The House, at thus for the a rollcall vote, third time rejected the "Death Sentence" clause in the Bill-de- manded by President Roosevelt. The House voted as a result of the decision of Representative the Ad- Rayburn, a member of ministration and chairman of the House, and his confreres who brought their Senate confreres to a deadlock on the bill, to offer thei Imotion in an attempt to break the
impasse.--Reuter.
Temporary Setback To Market
CONFIDENCE IN FUTURE MAINTAINED
In their market report, Messrs
ROOSEVELT SETBACK Sh.S. E. Levy and Company, corres-!" A message dated July 1 stated pondents for Messra White Weld that the House of Representatives and Company, New York, state had rejected President Roosevelt's "Stocks: In spite of to-day's request for legislation to abolish temporary set-hack, we continue, to unnecessary" utility holding com- have confidence that a sustained panies not later than 1942 by 216 forward movement will be seen in votes to 146. the near future. Business done
4% Debentures 1,890,000 shares,
Shanghai Lands Sb. $2016 n Metropolitan Lands Sh. $10 n Humphreys $8.10 s
HK Realties $4 n. Chinese, Estates $88 z China Reales Sh.$4 n. China Debentures Sh $122. Public Utilities
HK Tramways $121⁄2 5. Peak Trams (old), $73% n. Peak Trams (new) $5 2 Star Ferries $76 b. Yaumati Ferries $17.60 2. C. Light $$ band sa HK. Electric $5634 b. Macao Electrics $2236 n. Sandakan Light $3 s. Telephones (old) $21 5. Telephones (new) $8.30 n China: Buses Sh $111⁄21⁄21⁄2 n Singapore, Traction 10/6 bi Singapore Pref. 2256 b.
Industrials Malabon Sugar $81⁄2 - Cald: Macy. (Ord3), Sh. $19
IL
Cald: Haeg. (Pre^.), Sh. $13 1.
Canton Tees $180 n.
Cements $44. HK. Ropes 52 n...
Stores, etc. Dairy Farms $15.70 a. Watson $3.35 ng Lane, Crawford $3 n. Mackintosh $71 Sinceres $4.70 2 Wm. Powells 70 cts. Wing On (HK) $35 1
Miscellaneous
(Continued on Page 107 Latest Quotations
There had thus been brought-to
a climax one of the bitterest legis- lative disputes of recent years, and
Everything
gone.. BUT YOUR SAVINGS
RENT
FOOD
CLOTHING
HEAT
TAXES
WATER
CHITS
SAVINGS
SAVE SOMETHING
START NOW UNDERWRITERS
SAVINGS BANK
FOR THE FAR EAST, INC.
Asia Life Building Eone Scar
Tel. 30234
ជូនមុខ
the voting was significant as indi- COMMODITY PRICES · The following quotations were eating the strength of the Presi received by Beater
dent's present control of the
NY London
cross-raže
Prev. To-day's |House.
inse dosu
4.95% 4.95%
The House was now to go ahead with a modified version of the
to contrary Utilities Bill, 11.19 12.92a wishes of the President. 93%
NY. Cotton Oct. 1162 NY. Rubber Sept. 12.22 Chicago Wheat Sept. 9435 76% Chicago Corn Sept.. Montreal Silver Dec. 68.80
674 Silver Official
Dow Jones Averages
38 of 130 Industrial, 126.25 195.85
20 Rails
35.25 35.04- 21 off
09 -0 *23.35 2376 20 Utilities 40 Bonds... 96.96 96.88 .08 off 11 Commodity
Index 55:41 54.92 49 off Business Done:-1,890,000 shares.
The following quotations have been received by Beater.
Prev. Yesterday" Closing Closing
the New York Cotton:-
October
11.62
21.19
68.90 67
The fight over the "Death Sen- December Itence" provision of the Bit would January (1936) jbe transferred to the conference March committee to adjust the differences May between the Senate and the House. July The Committee might either re- Spot ject or retain the provision.
11.50
11.34
11.45
11.29
1142
11.25
11.38.
1123
$11.32
11.19
12.10
11.95
New York Babber:- September
-12.92
12.223
12.43
12.42
12.50
12.49
12.642 12.64
12.75
12.75
938
94%
968
-773;
63%
64%
8434
SPATE ON KENT COAST
Bathers Catch Live Fish
Hythe
PUBLIC UTILITIES BILL The House of Representatives December would now go ahead with a modi- January fied version of the Public Utilities March May. BILL
Contrary to the President's Chicago Wheat:- wishes the fight over the provision September objected to would be transferred to December the Conference Committee of both May Houses
Chicago Corn- Directly after the vote Mr.September Roosevelt conferred with Congress December
the May
The spectacle of bathers bring-man Fankin with regard to
ing armfuls of mackerel ashore possibility of the roll call, which Winnipeg Wheat. was witnessed here recently dir-compels every voting member to August
85
No. 1 No.3 No.1 No.3
ing an almost 'unprecedented spate reveal his identity. This was un-New York Sugar:
necessary under the "teller vote " of fish
Congressman Bankin predicted Sept.
Owing to the unusually hot weat ther, shoals of mackerel are com
PRESS COMMENT
Con Con Con Con
Dec.
232 228 230 2.26 242 230 243 2.29 Jan (1996) 2160 208 2160 2.07
A message dated July 2 stated March that Mr. Roosevelt's defeat in the May House of Representatives by 216 to New York Suk 146 on the Public Utilities Ball was September welcomed by a majority of the December
44 March Freest
2:10
2.08
215
213
144
143
1.43
$143
146/2
€7.80t
£3.00
68.801
68.90
69.101 69.101
69.95
69.90
ing close inshore along the Keat success for the manoeuvre. coast Fishing-boats have been returning overloaded, and fisher- men, who are astonished by the size of the harvest, were seen cast ing their nets from the shore... "H. K. Amusements $1.85 2.
Buckets Used Entertainments 34 nov SC Enterprises $1.35 n.
Many of them were using buckets and baths, and their The New York Times said it was Montreal Silver:- Macao Greyhounds” $2 1.
Catches wer
sold on the promen-victory for orderly constitutional Constructions (old) $1.10 n. Constructions (new) 50 ctstade at 20 for 1 Bathers and government pat
The Herald Tribune decis Vibro Piling Sa
the fish from the sea alive with that the President received their hands.
Ch. Govt 5% 1925 G&Bds
90%
HK Govt 40% Loan 5
children were to be seen taking
br
Several dozry-loads
8160 Low 172
have been despatche
erably excess the demandi
gate, but the supply is still
hich he invited
nary
rial instead of Democratic.
ork American said against the theory and
Estorsb