BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
Authorised Capital ... $50,000.000
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Tesmed and Fally Paid-up 20,000,000 Incorporated by Royal Charter, 1853. Reserve Funds
Siver
*** $0,000,000
HEAD OFFICE HONG KONG
-BOARD OF DIRECTORS, -
*HEAD OFFICE: LONDON Paid-up Capital
Agencies and Branches:
Sterling .-€4,500,000
Reserve Liability of Pro-
prietars
£3,000,000
20,000,000
Reserve Fund
£3,000,000
Reserve Liability of Pro-
prietors
£3,000,000
Um Star
Amaz
Toile Ipoh
Bangink
Karachi.
Saigo Bernatning
Batavia
Bombay
Sobe
Seremban Shanghai
Calcarts
Iris
Carvot
Kuching
Singapore Witzwas Nomenda zam
Madras
Jagung
·& I Dodwell Eag
Chairman,
C. C. Jnish Dog.
Deputy ChaTION DE
T. X Grayburt, In
Chief. Mapserr
W. H. Bell, Esq., K. S. Morrison Esq, Campurs
Compton Esq.
M. T. Johnson, Esc, Colabo
A
Hes. Mr. J. J. Paterson,
Cabo
Daiki
G. Miskin, Esq. T. E Pearce, Esq, Hamburg
LOXBO
BIEG HASHOW HARMIN HONGERY
JOHORE
ROFF
KOWLOON
BRANCHIS:-
LONDON
LYOXS
YALACCA
MANILA
XTAR -125bors)
MUKDEN
NEW YORK
PEIPONG
PENANG
RANGOUN
SAIGON
SAN FRANCISCO
ATALA LUMPER
SHANGHAI
KINGAPORE
SOUDARATA
SINGEI PATANI ~
TESTSIN
TOKYO
TSINGTAO
ΤΟΣΟΙΙΑ ΚΑ
Comes Amman medita Incal Currency and Find The gumita nomine for one was wore it in Lara! Curmger and Sterling on with which will be mound in application.
Hong Kong. 6th April, 1935.
HONG KONG SAVINGS BANK.
The Bunion of the home Bank że ingreact
dhe the HUNG XONG AND SHANGHAI
BANKING CORPORATION, Bains may be olubed OR ALIVETION.
FOR THE NG KŨNG AND SHANGHA BANKING CORPORATION.
V. GRATECES,
Cruel Manager.
Beng Long, Primary, 12.
THE BANK OF EAST ASIA, LTD.
Authorised Capital
Tid-up Cape
$20,000,000,00 +c=w+#k€000;urG
BEAD OFFICE-HONG KONG
24, The Vous Bod Ver.
BOARD OF DIREC
Sir Show-on ("bow; "Chan WIND.
2 Exon Chun E, P. K. Kwok, Eso
Tan Tong. Ed., Chan Chius Mark
FREE Eng Thong Chu Son. Es and Ban
JD Tous Po., Ems- Cyr! Wanager.
Il The Fong. Eq.. LAST.
BRANCHES AND AGENCYES:-
Marcin
Fungiadie
TAPI, KAPALI
Shangba
apore
ADO
Zatarie
Bombay
Caston Kapbocc
Pakkin
Parieta
Pre
Part
Kin
Kowloo
-
Tekze
Lotden
ban 7rancisco
Hathaw Boscia
مواد
Swhois Tiratio
Vancouve Jokoham
Habkow
| Hachin
Madany
New Fork
Posing
(Prong) PROIDE
Ten Sain Tonsis
(Bruskok
Foreign Exchange and Geners! Backing bunder
transacted
Current Accoun opened and Fixed Deposite | recrived" for one your or shorter parinda at rates;
whichani), be quoted on application.
A BREARLEY,
Manager.
Hong Kong. 1st January, 1935.
THE BANK OF CANTON, LTD.-
Established 1912.
Head Office:-Hong Kong.
Authorised Capital
Paid-up Capital Total Resources
8,555,000 32170,499
Branches: Canton, Teishan. Shanghai,] Bankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd,
Foreign Exchange and Banking business of every description trans. acted
Current Accounts opened and Fixed Deposits received for one year or shorter periods at rate which will be quoted on application.
Safe Deposit Boxes (various sizes) for bize.
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!
THE CHINA MAIL, TUESDAY, AUGUST -
∙1935
PREMIUM ON H.K.
ALL RECORDS.
ommerce and NOTES BEATS
Finance
LOCAL DOLLAR
STEADY
Silver Prices Firm
The legal dollar remains steady, on demand yesterday opening morning at 2/0%.
Spot silver was steady at 30-3/16| while forward, dropped 1/16 to 1304
The London on New York cross- rate was unquoted owing to the Bank Holiday, while the New cross-rate was York oa London £-US$4.95s, as compared with £US$4954-
EXCHANGES
TO-DAY'S QUOTATION
On London—
On Japan
On India...
-On-demand
On Manila-
On demand
LOCAL SHARES
TO-DAY'S QUOTATIONS
The following is the list of local share quotations issued to-day:
Banks.
HK. Bank $1050 b. cum. div. HK Bank (London). 5105 1. *
div.
Chartered Bank £13% n. Mercantile Brink A. and
$314 2
Mercantile Bank C. $13 Bank of East Asia 37645 m
Insurances
Canton Ins.. $203 1. -- Union Lus. $373 1.
China Underwriters 10 cts. n. China Fire Ins. $382 n.
HK Fire Ins. $200 m.
International Assce. $4 n.
Shipping
Douglases $S6 1.
HK Steamboats. $4 2. Indo-Chinas (Pre£), $30 Indo-Chinas (Def.), $12 n. Shell (Bearer) $74/434 n° Union Waterboats. $111⁄4 n
Mining
Bagulo Gold 22 cts. b. Benguet Consolidated $12.20 1. Benguet Exploration 12 ets u Benguet Goldfield 10.cts n Big Wedge 8 cts. D Gold Creek 30 cts. z.
Langkats (Single) Sh. $14 2.
B
51.4 Per Cent. Paid In Canton
HEAVY DEMAND TO PAY FOR ARMAMENTS
NEW YORK STOCK MARKET
General Motors
Dividend
J
ACTION CONSIDERED VERY BULLISH
In their market report. MessTS.
NEW ADVERTISEMENTS
ONS
CONSIGNEES NOTICE
THE BEN LINE STEAMERS. LISTED
From LEITH, MIDDLESBRO”, ANTWERP, LONDON AND STRAITS
mg/kg
“BENMACDHUT“”“
From Our Own Correspondent]S. E. Lewy and Company, corres-The Steamshin
rondents for lessrs. White Weld Canton, Yesterday.
Consignees of Cargo are hereby informed that all Goods are being Smashing all previous records, and Company, New York, state:—
landed at their, zisk into the hazard the premium on Hong Kong bank- "Stocks: General Motors have
and/or extra hazardons Godowns notes this morning rose to $51-40| declared a dividend on a basis of of The Hong Kong and Kowloon cents Jocal currency for every
$2 plus 25 cents extra. We con- Wharf & Godown Co, Ltd, whence Colonial hundred--dollars-of
bullish and/or from the wharves delivery. sider this action as very
may be obtained. money. This is the highest rate
No claims will be admitted after in the exchange annals of Can-and as infusing general confidence
Godown". to an already promising Autumn the Goods have left the business outlook. The utility see and all Goods remaining undeliver It is reported that the sharp ten of the market continued to beed after the 12th August will be sab.
jest to rent rise of the Hong Kong dollar is impressive and though there was
All claims against the steamer due principally to the heavy small decline in other sections, a must be presented to the Undersign demand for this money,
which
-.
is needed for the purchase of better all-round feeling prevailed led on or before 28th August or they
Business done:-1,740,000 shares. will not be recognized." ordered from armaments
To comply with the General Booded "Wheat: We feel that the crop
Warehouse Regulations consignees Europe These orders include actiook at present warrants par must have a Reverte Oficer
The technical attendance when damaged dutiable
"All broken, chafed and damag
feld-guns, tanks, coastal guns.. anti-aircraft guns, and modern chases on all dips.
were position of the market continues goods are examined. machinery. The arms
week-end
selected by the military mission to be good and we look for someGoods are to be Jeft in the GodownS, what better prices in the near future. Total sales, Wheat: 10th- August, at 10 am. by Messrs.
Corn6135, Goddard and Douglas.
No Fire
been Insurance has effected.
Bills of Lading will be counter- sized by.
GIBB, LIVINGSTON & CO. LTD.
Agents Hong Kong. 6th August, 1935.
PUBLIC AUCTION
The shore batteries at Bocca 27.123,000 bushels. Tigris are of old type and need 000 bushels.
"Cotton: The market has ruled other modern replacement. The
for use in the Tendall traders being inclined to hold | weapons are
off pending the publication of the Tang Military Academy.
Government Buress report.
The
Although the premium os Hong! Kong dollars is going up. Govern-weather is ideal for the growing ment bank-notes of the Kwang-crop and private estimates of the tung Provincial Bank are accepted yield so far aggregate 11,500,000 here to their full value. There is bales.
*Flash: Steel mill activity dur- sufficient silver reserve to meeti
Ting the past week is estimated at the payment of the paper money 16 per cent of capacity as against
→
The political situation bere is very quiet despite some unfounded 44 per cent for the previous week. The International Nickle Compainy rumours, and there is nothing of Canada has declared a dividend disturb public confidence in the
of 20 cents per share.” Government notes.
COMMODITY PRICES
L
Latest Quotations
TH
THE Undersigned have received instructions to sell by Public
ca
Friday, the 9th August, 1935
commencing st 2.30 pm ·
at their Sales Room No. 35. Hankow Road,. Kowloon
A Quantity of VALUABLE HOUSEHOLD
FURNITURE
The following. quotations were comprising:—
The following quotations have received by Beater
HK and K Wharves (old) been received by Renter.
$78 53.
On TT and demand
4 months" sight Credits 4 months" sight ..2/228
2/1.
$11,000,000 On Shanghai--
On demand On Singapore----- On demand
138
Antamoks 74 cts. b.. Balatoes $18 *.*
On demand
175
On TT and demand
13744
On New York--
On demand
513
Credits 60 days" sight
531
Gold River 5 ct. -
On Batavia--
Ipe Mining 90 ̊cts. m..
On demand...
25%
Itogons 36 eta, 2.
On Paris-
Salacots 12 cts. A
On demand
T5
Kailan Mining Ad. 12/6 m
Credits. 4 months' sigh:
$20
On Saigon-
S'ha Exploration Sh. $4
TT
Shai Loans Sh. $5
m.
Raubs $74 b.
10234
Venz; Goldfield $2.30 n.
On Bangkok-
Docks, etc
On demand
$93
Sovereigns bank buying rate 2/14
Bar silver per ozi
30 3/16
H.K and K Wharves (new)
$14% n.
Prev. Yesterdes Closing Closimy
New York Cotton=-
October
To
Our New building is Specially Con-Copper cash
DOM
Ting
pertant Qualities
Lastracted to provide all of these In-Copper cents ..
December
11.94
par.
You may
Fox in this most up-to-date Vault for Chinese Sub Coin ... 32% dis your own use at a very moderate Ren-Hong Kong sub. coin
obtain a Safe Deposit Rate of native interest
January (1936)
11.19
1141 11.44 11.23 11.19
3% pa
Hong Kew Sh. $240 m.
March
11:16 11.15
par
New Engineering Sh. $4 n.
May
11.14 1111
Shanghai Docks Sh.$78 m
Cotton Mills
July
11.10
Spot
11.90
11.03 11.90
Ewo Cottons Sh. Shanghai Cotton (old)
565
New York Rubber:---
September.
12248
12.23
December
12:44 12.45
12.50 32.51
12.66
12.67
12.77
12.79
Chicago Wheat:
September
89**
4% Debentures
December May
91
933
Chicago-Corn:- September December
www
61% 6136
May
633
6234
* 843
Market Closed
Inte description at Bankior and Exchang
but trazenertime.
Securitum.
OUR SAFE DEPOSIT VAULT
located on the Mezzanine Floor, of Bar silver in Hong Kong
Inspection Cordially Invited.
THE NATIONAL COMMERCIAL
& SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road, Central
THE
Less stated as appro AMERICAN EXPRESS COMPANY,
Current Accoun" opened. in Locs! Curteary | and Fund Deposit received for one year or "shorter periode was Love and Foreign Cagencie
on tareje which will be quased on applicatio
Safe Imponit ke To Let
KAN TONG PO.
THE CHINA & SOUTH SEA BANK, LIMITED
INC.
Head Office: 65. Broadway, New York
U.S.$6,000,000,00 2:183,633.06 $70.231.05
Chirt Manager.
Capital Simples Reserves
BRANCHES
Amsterdam Antwerp
+
The Hagu
Basle Rel
Hambur
33 TUTTO
Bombay
"Calcutta
R Zerris Cairo
Canum Colombe
Zen Jaysing Loader Tinapool
(Incorporated in China).
Head ce...Shanghai Capital 14 $7,500,000.00
Beseme
.....$1,500,000.00
-Branches ...All Important Cities.
iz China Foreign Exchange and Banking. Carnt and Necrounia opened and Fixed Daportin vand if som ger or shorske periode { at males wat wild be squartand an application,
SOC Z. CHANG.
BONG KONG BRANCH:
24, De Toruz Hond Contorl
Masazer Komm
Foren Eschan Dept."
Ceperat 45
Combies' re
„Tel. 3303
THE YOKOHAMA SPECIE BANK
LIMITED
Established 1860
Dublin Elimboch Florant
-Carlo
Mantin
as nich
Suplem
- Purim
Priping
Paieran Flakerdale
Shanghai Southampton Singapore Tisleri Teen titan
51737ING
Tegive
Zurich
of American Express Branches Company in Principal cities of United States of Ameries and Canada.
All classes of Conimercial Banking Transactions undertaken. Personal izvestiment handled.
accounts
The Company offers to intending Travellers the use of its "Travellers Cheques" and Letters of Credit and, in addition, the world-wide services!
-Capital (full paid-up) Yen. 100,000,000 Beserve Find Yen: 125,800,000 of its thoroughly equipped. Travel
Head Office:-YOKOHAMA
Branchez and Agencies at:
Alexandria
Batavia
Berlin
Bombay
Calcutta
Canton
Kagasaki
Nagoya
New York Osaka Paris Peiping
1.
Dairen (Dalny)." Rangoon Pengdien Mukden) Rio de Janeir
San Francisco
Seattle
Harbin Hong Kong
Honolula Trinking
1ondon
Los Angeles
Kanis
Singapore Sourabaya Sydney Tientsin Tokyo
singtan
Interest allowed for Current As
* Deposita recrived for fixed periods
at rates to be obtained on application.
G. KISHINÁMLADY
rtment.
·E W. DUGGAN
CHOR
RAW RUBBER PRICES
Latest Quotations From
Singapore
Messrs. H. B. Joseph & Co. bare received the following Straits Cur- rency quotations from Singapore. for Raw Rubber:- Spot. 19 % Unchanged 19 Oct/Dec 20 Jan./Mar.
(1936) 21
April/June.
Urichanged 20 34
HR and W. Docks $634 Providents (ald) 85 ets.
Providents (new) 20°cta.
Shanghai Cotton (new) $40. Zoong Sings Sh. $8. Wing On Textiles Sh. $25. Lands, Hotels, etc. HK and S. Hotels $3.80 1 H.K. Lands $29 b. H.K. Lands
100% . Shanghai Lands Sh--$201⁄2 n Metropolitan Lands Sh. 310 IL Humphreys $8.10 s.
Down
21
HK Realties $4 a.
Chinese Estates $88
Down / 20-%
China Bealties Sh.$4 D. China Debentures Sh.$123 1 Public Utilities
(1936).22 Market:-Quiet.
*THE
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED
(Incorporated in China)
Capital paid up $5,000,000. $7.300.000. Reserves Capital Savings Dept. $300,000. Reserve Savings Dept. $600,000. Head-Office-Shanghai
-
A Bank having as its missice the industrial development of China and the fostering of her commercial relations abroad. Hong Kong Ofice
7. Ice House. St. Phone 31481-2-3
Is It
Insured?
Manager.
THE WING ON BANK
LIMTED.
Head Office: Hong Kong 26. Des Voeux Road Central. Authorised Capital $10,000,000. LONDON BANKERS:— Westminster Bend. Ltd. Foreign Exchange and every des feription of banking business transact-
Current Accounts and Savings Ac-) counts opened. Fixed Deposits re- crived at rates which will be quoted on application Special rates given for Special-deposita:mode
Trusteeship and Erscatorship
ken Safe Deposit Boxes for
PHILIP GOCKCHEN
hire.
Manager: LGOCKCHINS. >L SEU PONG Hong Kong, 11th March 1925. L'Asst. Manager
Asst. Manage
Insurance--All Classes LOWEST RATES American Asiatic Underwriters
Fed Inc USA General Agents
Head Office 17, The Bund
Shanghai
HK. Ofice Asia Lita *Buddling *TEL BUZSA
Printing
ASONABLE
PRICES
H.K. Tramways $12.40 b, $12.50
32.
Peak Trams (old) $734 m. Peak Trams (new) $5 Star Feiries $76 b.
Yaumati Ferries $17.60 n
C. Light $84.
HK. Electric $57. b.
Macao Electrics $2234 n. Sandakan Light $3 s. Telephones (old) $20.85 £ ex
div.
Telephones (new) $8.20
div.
China Buses Sh. $112. Singapore Traction 10/6 b Singapore Preź 22/6 b..
Industrials
Malabon Sugar $84 n- Cald: Macg. (Ord), Sh. $19
1.
Cald: Marg. (Pre), Sh. $13 n. Canton Ices $180 1. Cements $4% s HK. Ropes $2
Stores, etc Dairy Farms $151⁄2 & Watson $3.35 1. Lane, Crawford $3 a. Mackintosh $7 D Sinceres $470 Wm. Powells 70 ets. n. Wing On (HK) $55-71.
Meg Miscellaneous re HK Amusements $185 1. Entertainmentë" $4 m2
S. C Enterprises $1.35 z Haczo "Greyhounds”, „2 n. Constructions (old) $110 Constructions (new) 25 cts. 2 Vibro Pling: $4 m
Ch. Gort 5% 1925 ̈ G$Bds/
90% Z
January March Mar
Winnipeg Wheat:~~~~ August
New York Sugar:
Sept. Dec.
No. 1 No.3 No. 1 No.3) Con. Con. Con Con..
2:29 2.24 2.28 241 224 2.42 2.23
XY.London
cross-rate
NY. Cotton Oct
Chesterfield Sites, Bedroom Prev. To-dar's and Dining FOODL Furniture. close clone Enamel bath, Carpets and Rugs. Glass and Porcelain Ware, “Orzay 4953 4.95% 1141
ments. Clocks, Gramaphones and NY. Rubber Sept 12:21
Records, Linen, Ice Chest, etc. Chicago Whest Sept. 89% 77% Chicago Corn Sept. Montreal Silver Dec. 68.95 Silver Official 1 673
Dow Jones Averages
11.44 12.23
92
·etc.
68.95
ور
60 Industrials 125.90 126:07 17 1 20 Rafis 34.89 34.86 .03 of 20 Utilities.. 25003 25.39 36 up 40 Bonds 96.81 96.85 04 up
11 Commodity
Index
54.51
Business Donè:-1,740,000 shares.
WINTER WHEAT IN CANADA
Experiments At Ottawa
IMPROVING VARIETIES
Ottawa.
The Central Experimental Farm 2.931 at Ottawa is seeking to improve
2.03
Jar (1936) 2.14n 2.04 2.14 202 the varieties of winter wheat grown in Canada. From 85 to 90 209 per cent of the total winter wheat area in Canada, amounting to "ap- proximately 600,000 acres, annual- 1.50
ly, is confined to Ontario. 1.48
The Wheat grown 1.481⁄2 tion is a white.
March ...
2.05
May
2.11
New York Silk:-
September
1.47
December
1.454
March
1452
Montreal Silver-----
September
December
January
March
in this sec- wheat and is
particularly valuable for milling
68.05 67.95
68.95
68.95 69.05x
€9.05% €9.90 69.95
CANADA'S WHALING
INDUSTRY
Important Pacific Coast Trade
Ottawa
Although the whaling industry
is chiefly confined to the Pacific
into flour for the pastry, biscuit and cake trade. It is of value to the farmer of Central and South- Jern Ontario as a rash crop.
Deficient In Hardness
Some of the varieties of winter wheat have been shown to be de ficient in winter hardness. This has been demonstrated in the past two severe winters which resulted in half a crop only in '1934 and possibly a -20 per cent. reduction in 1935.
Tests are being made with hybrid varieties, a large number grown in Canada, the
ments.
Const, these monsters of the deep of what a fee Russis and other are sometimes found on the Atcountries being used in the experi lartic An 82-foot whale, with its
Some of the bybrid mouth measuring 30 feet in varieties developed for winter cumference, was recently, trapped hardness have demonstrated their in an ice jam on the shores of Nova Scotia, and cast upon the ability to resist low temperatures.
Further Tests Pending
short
On the Pacific coast the whaling Hybrids derived from combina industry is of importance; and the fions of Dawsons Golden Chaff past season was the best in some (Canadian) and Kharkov 22 M.C. respects since 1918 Last year (Russian) showed very little in- Canadian whalers captured 850 jury under tests, while Dawsons whales and a total of 813,700 gal Golden Chaff alone was billed to lons of whale oil was produced the extent of 35 per The oil is used for
EK Govt 4% Loan 5%% premand for other
meal and fertiliser 1%%% rinsed from these mat
Reuters
ng sarp designed to produce
While race 25 well as
pro-have advanced to asters, and awaite
Crosses
*180
A Selection of
Black Wood Furniture sod
One Radio Sq
On View from Thursday the 8th August 1935.
Terms: Cash on Delivery-
LAMMERT BROS.
Auctioneers. Hong Kong, 6th August, 1935.
Everything
gone.. BUT YOUR SAVINGS
PENT
FOOD
CLOTHING
HEAT
TAXES
WATER
CHITS
SAVINGS
SAVE SOMETHING START NOW UNDERWRITERS SAVINGS BANK
FOR THE FAR EAST. INC.
Asia Life Building
Forg
Tel: 30234
1,000-YEAR-OLD LIME TREE KILLED BY LIGHTNING
After standing for 1,000 years a famous Linden tree at Pfaffenhofen, Bast Bavaria. has been struck down by lightning