BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
Authorised Capital Issued and Faily Paid-up Reserve Funds:
Sterling Silver
€ 6,500,000 $ 0,000,000 Reserve Liability of Pre-
prietors
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
$50,000,000
20,000,000) Incorporated by Royal Charter, 1553.
HEAD OFFICE BONG KONG.
HEAD OFFICE: LONDON
Paid-up Capital 20,000,000! Reserve Fund
Reserve Liability of Pro
prietors
£3,000,000 £3,000,000
£3,000,000
Agencies and Branches:
Alor Star
Пойс
Banguor
Acribunt
Ipak
Saigon
Bangkok
Tesaria Reen bay
Klang
Fobr
Shanghai
Dicemia
Singapor
·Canton
Laiterput
Sitiawan
Cawnporn
Kuching
tumb
*nd-na
Taiping
Manila
Tiramis
Medan
Tongkah
Haiphong
New York
Hamburg
Peiting
Ranko Farbin
(Peking)
BOARD OF DIRECTORS.
H. Dodwell, Eng..
Chairman
Ce Knight, Esq.
Deputy Chair
V. M. Grayburn. Bag.,
Chief Manager.
W. H. Bell, Esq., K. S. Morrison E34, Calenda
AH. Compton Esq.
MT. Johnson, ESQ=| C>b« Hon Mr. J. Paterson, G. Miskin, Esq. T. E Pearce, Esq Dri
ANOT
COLO DAIRES FOOCHOW
HAIPHONG
KAMEMEG
HANKOW
HARRIX
FONGKEW
TOLO
IPOH
JOROLE
KORE
KOWLOON
BRANCHES
LONDON
LYOSS
KALACCA
MANILA
MDAR (Jonore)
MUKDEN
NEW YORK
PEIMING
PESANG
RANGOOS
SAIGON
SAN FRANCISCO
„KUALA LUMPUR
SHANGHAY
SINGAPORR
· NÕURABAYA
SUNGEL TATANZ TIENTSIN
TORTO
TSINGTAO TOKOHAMA
Curings, frenante engrand in Lock] Curreare and Find! Thaite pour? Try one that of where thei- in Imeul "'urmarg and Sterling THE MOSTY What will be granted in montia vm zárum.
Hong Kong, 6th April 1935.
HONG KONG SAVINGS BANK
Tim Bernd whithm when Henk in, conduct ed by the BONG KONG AND SHANGHAI Itules may be BANKING CORPORATION. obrand oli
FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION,
V. GRATHORN
Chef ManagET-
Bang cash Forwary, KAKS,
Colombo
Karachi
Pesang
Semarang
(Bhaker) Taingia Yokoha Zamboanga
Hong Konr
Forrien Exchange and Geneva Baaking Donis Current Accorate oproed and Fixed Depot
the beartand
stand for or tear or shorter periods. at. Tim which will be quoted an application,
Manager
A. BREARLET,
Hong Kong, 1st January, 1935.
THE BANK OF CANTON, LTD.
Established 1972.
Head Ofce:-Hong Kong
Authorised Capital Paid-up Capital Total Resources
$11,000,000
THE CHINA MAIL, FRIDAY, AUGUST 30, 1935
Commerce and Finance
BANK RATE LOWER IN HUNGARY
Economic Enterprise
Promotion
* CHINA MAIL" SPECIAL
Budapest, To-day.
since The bank-rate. which October 18, 1982 has stood at 4 per cent, was lowered to 4 per cent by the general council of the Hungarian National Bank as from the Lombard yesterday, while
rate was also reduced from 5 per cent. to 4 per cent.
The motives prompting this: step were firstly the development of the market, and secondly the necessity of promoting economic enterprise by lowering the cost lof credit-Trans-Ocean Service
LOCAL DOLLAR STEADY
Silver Prices Firm
8.555.000 The local dollar is steady, open- 32-170.622 ing on demand this morning" at!
1/11.
Branches: Canton, Tokhan, Shanghai Hankow, Bangkok & San Francisco. Loodon Bankers: Lloyds Bank Ltd.
Foreign Exchange and Bank business of every description trans- acted
“forward"` silver "Spot and prices were steady at 29 and 28
13/16, respectively.
The London on New York CrOSS-
quoted at £-US$1.-)
with compared US$4.97, while the New York
∙as
Current Accounts opened and Fixed rate was Deposits received for one year or 97. shorter periods at rates which will be quoted on application.
Safe Deposit Boxes (various sizes) on London cross-rate was quoted lat £-USS4.9774. as compared for hire.
with US$4.9776.
LOOK POONG SHÂN,
THE
INC.
Chief Manager
THE BANK OF EAST ASIA, LTD.
Authorized Capital
Paid-up Capital
$5.TOKSINIO AMERICAN EXPRESS COMPANY,
Brand Undivided 1 Site $ 2,420,000.00
HEAD OFFICE:-HONG KONG
20. The Voit keer 'ntral,
BOARD OF DIRETTOFA:-
Sir Seussion Chen, Cha, D.
Li Enn Chan, E. P. K. Bows. Eng. Vong: Yun Toos. Exq, Chan Ching the Emp. In L Face. Eut Hinny Chu Son Eug and Exo Tingi Po, Eng.
Kan Tour Pa Eag. (hief Manager.
Li Te FooR. Eng.. Manager.
BRANCHES AND AGENCIES:-
Head Office:-65, Broadway, New York
Capital
U.S.$6,000,000.00
هذه الحد الله
نگورها
A mot
Batavia
Meilearne
Pembay
Calcutta Canton
New York
rimera
Setting Abannabi SzAgapore Surabaya SHALOME
Haiphong Haskow Honolulu
Sim
hydory.
Penang
Kobe
Ba
Kuw!con Landun
"Þan crancised
Tridoru
Ticoma Такую Kancouver Yokohama
Every dewríption of Backing and Exrbeogr baniziran tracted. Losna granted on approved
Gesinitions
Current ecounts opened in Local Currency and Fixed Deposita terzised for one year or aborter period in oral and. Foreign Currencies on which will he quoted, on application
Sair Deposit. Poses To Let
KAN TONG PO.
Chiel Manager.
Aha
Annual Banten Berlin
Tambay Kremen
mamela Cairo
Calmat
CADDIN Colombo Copenhagra Putin Flintegk
Florence GeDers
Faidathers Interiskey Jergraiem Landor
Priping Palermo Rotterdam. Pare
EXCHANGES
TO-DAY'S QUOTATION
4854
LOCAL SHARES
-TO-DAY'S - QUOTATION
The following is the list of local share quotations issued to-day:
Banks
H.K. Bank S1060 1. H.K. Bank (London) $106 n. Chartered Bank £13% - Mercantile Bank A. and
$29 Du
Mercantile C £123⁄41⁄2 D' Bank of East Asia $761⁄2 n.
Insurances
Canton Ins $185 m.
Union Ins. $38215 b. a China Underwriters. 10 ct the China Fire. Ins. $382 ni EK Fire Ins. $155 International Assee. $4 milia
Shipping
Douglases $36 n HK Steamboats $4 n. Indo-Chinas (Pref), $30 n Indo-Chinas (Def.). $12 m. Shell (Bearer) 71/3 n. Union Waterboats $111⁄4 n
Mining
Aatamoks 78 cts. sa Balatoes $18 m
INDO BURMESE
THREE YEAR
TRADE PACT Effectivem Separation
ENTRY OF GOODS TO BE UNRESTRICTED
London, To-day. A three-year trade
ayree- ment has been reached between to become India and Burma,
effective on the date of the bat- ter's separation from India.
The agreement provides that B. Indian goods shall enter Buzna unrestrictedly and free of duty and vice verse, also that the tariff schedules operating at the date af separation shall remain
Baguio Gold $2434 cis. n. Benguet Consolidated $1210 n- Benguet Exploration 13 cts, ne Benguet Goldfield 10 cts n Big Wedge S cts. Gold Creek 30 ets. Gold River 70 cts. 2. Ipo Mining 90.cts. Itogons 36 cts. 1.. Salacots 12 cts
Kallan Mining Ad. 12/— '1- Langsats (Single) St. $14 n. S'hai Exploration Sh$11⁄4 n Shai Loans Sh. $51⁄4 n. Raubs ST
Venz: Goldfield $2.30 m
Docks, etc.-
HK and K Wharves (old)
$TS D
NEW ADVERTISEMENTS
BANK HOLIDAY
N Accordance with Government
A. S. WATSON & CO., LIMITED.
NOTICE
BANKS will be CLOSED for the On MONDAY, the 2nd September, Transaction of Public Business all Departments will be CLOSED.
The Hongkong Dispensary. on MONDAY, 2nd September 1935. (The First Monday in September).
August Hong Kong: 29th
1935.
NEW YORK STOCK
MARKET
Pause To Re-appraise Business Outlook.
- Dispensing Department. will be OPENED for dispensing prescriptions from 10 am to-1 p.m. and from 6 pim. to 7.30 pm.
The Kowloon Dispensary will be OPENED for business from 10 am to 1
PEAK TRAMWAYS COMPANY,
* LIMITED
NOTICE
and after 1st. September
effective in both countriFURTHER LIQUIDATION MAY east strand plumber
BE EXPECTED
at 12.15 am. No late cars will be available after this hour. Special cars by arrangement in writing not less than twelve hours
(either country from other coun- im- tries, though. duties upon ported goods may be lowered by In their market report. Messrs. | agreement.
SE Levy and 'Company, cerres-at
If India after the expiry of pondents for Messrs. White Weld notice. the present Indo-Japanese cotton and Company. New York, state: JOHN D. HUMPHREYS & SON, agreement, reimposes a limit on
"Stocks: Now that Congress has
the importation of Japanese adjourned the market is pausing piece goods, Parma shall during to re-appraise the business outlook. the currency of the trade agreeNo serious decline in price is anti- ment with India limit the impor- cipated though further liquidation tation of such goods into Burma
to a quantity not exceeding that is expected. Business done: 900,- imported in 1934-1935--Reuter:
RAW RUBBER PRICES Latest Quotations From
Singapore
Messrs. H. B. Joseph & Co. have received the following Straits Car rency quotations from Singapore for Raw Rubber-
Spot 19 Up b. 19 g s October/December 19 % Up
b 2018- January/March (1936) 20
-Up by 20% s
7
1000 shares.
(Continued on Page 15.)
Latest Quotations
The following quotations were received by Reater:-
Prev. To-dayma
close *
NY/London
cross-rate
Cotton Oct.
1974 10.61 16.AT
197
1181
11.29
70%
71
65.29
Y. Rubber Sept. Chicago Wheat Sept. 87% Chicago Corn Sept. Montreal Silver Dec. 65.60 Silver Officia!
30 Industrials 126.61 126.95 20 Rails
18
1269
65%
Dow Jones Averages
40 Bonds
***
34 up 34.68 34.83 .13 ap 24.36 24.88 52 up 11 off 95.91 95.80 11 Commodity
Index
*52.69 52.63 .06-of Business Done:-900,000 shares,
April/June (1936) 21 14 Up 420 Utilities
b 21 24 s Market: Steady.
H.K and K. Wharves (DE) BERLIN SHARE
$743% D HK and W. Dock 59% n. Providents (old),55 cts. n. Providents (new) 20 cts. n. Hong Kew Sh. $240 m New Engineering Sh. $4 n. Shanghai Docks Sh$18
Cotton Mills
¿
MARKET
Outlook Declared To
Have Improved
CHINA, MAIL" SPECIAL
Berlin, To-day. Though the public are very cautions,
General Managers.
REMINDER.
KOWLOON GOLF CLUB.
THE
HE ELEVENTH ORDINARY ANNUAL GENERAL MEET- ING of the Kowloon Golf Club will be held in the West Lounge. YMCA Kowloon, TO-DAY at 6
W. STOKER. Hon. Secretary.
•KING'S•
LAST TWO SHOWS TO-DAY
AT 6 & 9.30 PM. ONLY
TO HONG KONG AND HER PEOPLE Before leaving Hong to-morrow for Japan i beg to
Foxx
COMMODITY PRICES express my hearty thanks to the
The following quotations have been received by Reuter.
Prev. Yesterday Closing Closing
proved. and have consequently January (1936) proceeded replenish (holdings, buying all the
public of Hong Kong for the wild and warm reception they accorded to me and my company. I thank also the authorities, the press and fanagement of the King's Theatre who give me the possibility to present my show in Hong Konga Wherever I go around the world, I shall always remember and talk about this country and her sympathetic people.
On London-
On T.T. and demand
4 months' sight
1/114 1/11
Credits 4 months' sight...2
On Shanghai.
Surplus Reserves
2.183.633.065
On demand
131
$10.731.05
On Singaporeuma
BRANCHES:
On demand
8334
Amerende
Antwerp
Glangor The Harus.
"On Japan-
Kaples
On demand
1654
Hamburg HA
On India-
On T.T. and demand
19916
On New York-
On demand
Sevet harpton
Torete
—:depre
Credits 60 days" sight 1... 5034
Ewo Cottons Sh.S52 n. Shanghai Cotton
(old) Sh
Tresno
That-it
On Batavia—“
Juzor
Tuomin
$65 1.
still New York Cotton:- operators judge October
im-¡December that the outlook so far has
Monte Carlo
Musta
Kenna Tenier Tokohama Zurich
On demand
7136
L
On Paris-
'On demand.
735
3Concreat
Credits 4 months" sight
780
Shanghai Cotton (new) $40 Zoong Sings Sh. $81⁄2 D. Wing On Textiles Sh. $25 n Lands, Hotels, etc.
to
their March
10.54
·10.61- 10.47 10.50 10.42 10.30 10.43 10.49
more May
10.55
10.51
10.5%
10.51
On Saigon
On demand
73%
HK. and S. Hotel $3 n. H.K. Lands 523 IL.
10.95
10.80
11.81
On demand
9714
accounts
On Bangkok- On demand Sovereigns bank buying rate 2/-3%
11.89 12.01. 12.13
Shanghai Lands SE $201⁄2
.1208
12.20
9424
Humphreys $7% n.o
29
H-K. Realties $4 1.
Chinese Estates $88. n.
of Friedrich Krupy of Essen.
Fixed interest securities were firmer all round except gold Chicago Wheat: mortgage bonds, which were September about a quarter of a point lower. December Call money was at 2.7/8 per cent. May
Trans-Ocean Service.
March
12.22
May
1235
12.33 12:46
$74
89%
$9
90%
90%
Chicago Com
¡September
7034
71
December
574
563%
May
58%
58
If
you
Winnipeg Wheat:~~
85
84
83%
82%
83
82-%
Branches
of American Express Company in Principal cities of United States of America and Canada
All classes of Commercial Banking Transactions undertaken.
Personal
THE CHINA & SOUTH SEA BANK, handled.
LIMITED
corporated in China)
Head Office ...Shanghai
Capitel
Reserve
Branches
Foreign
$7,500,000.00 $1,500,000.00
All Important Cities)
in China
Exchange and
Business travmarted.
General
"
Banking
Curret Sering Arcounts opened and Fixed "Deponite recited for one year or skorter periods
at rates when will be quited on application,
SOU.Z. CHANG..
Msanger.
THONG KONG BRANCH:
24, Dan Voruz Bood, Central.
Manager's Offer
Foreign Exchange Dept.
General Dic
Caibjor's Office
SI566
investment
On Manila-
The Company offers to intending Bar silver per oz. Travellers the use of its "zavellers Bar silver in Hong Kong Cheques" and Letters of Credit and Copper cash 1 addition, the world-wide services
of its thoroughly equipped Travel Copper cents Department
E. W. DUGGAN,
Manager
THE WING ON BANK
LIMITED.
Head Office: Hong Kong 26, Des Voeur Road Central. Authorized Capital: $10,000,000
LONDON BANKERS:— Westminster Band, Ltà
THE YOKOHAMA SPECIE BANK Foreign Exchange and every des
LIMITED
Established 1880
Reserve Fund
Capital (full paid-up) Yen 100,000,000 Yen. 125,800,000 Bead Office:-YOKOHAMA
Branches and Agencies at: Alexandria
Nagasaki Nagoya
Batavia
Berlin
Osaka.
*Paris
cription of banking business transact- edi
~LOTI
par.
Rate of native interest .. 3% pai Chinese Sub. Coin
33% dis. Hong Kong sub. coin
par.
NEW YORK STOCK EXCHANGE
Latest Quotations
August 30.
The following quotations were, re- served by Reuter:
NY/London |N.Y. Cotton
Oct May
Current Accounts and Savings Ac counts opened. Fixed Deposits re- ceived at rates which will be quoted N.Y. Rabber
Special rates given - Dec. on application. for Special deposits.
C. Wheat Sept
Trusteeship and Executorship. dertaken. Safe Deposit Boxes for Dec. hire.
Last
close 10:20
11.00 497% 497 437%
$10.61 10.60 10.65 10.55 10.55 10.59
12.01 12.03 22.04
45%
·
87 89
87
88
PHILIP GOCKCHIN
New York
L. GOCKCHIN
Chief Manager
Asst. Manager/
C. Com-Sept. 7034
Dec STOCKS:--
70%
57
57%
LI SHU FONG | Amer. Smelting 44%.
Asst_Manager Con Gas NX. 27
Elec Bond &..
45% 271
27%
**Share
1%
11% 12%
General Motors 414
42프 42%
Int. Tel & Tel9%
Loen's Inc
40%
41 41
Montgomery
[N.Y. Central: 21%
33% 34 3432 224 224
· 4631⁄2 45%
45 434 427444
Fengtien Malden) Rio de Janeiro
Bombay
Calentia
Canton
Dairen (Dalny)
Hamburg
Mankow
Harbin
Sort Kong.
Honotrin
Hsinking
Karachi
Kobe
London
Los Angeles
Manila
Moj
-Peiping
Fangoon
San Francisco.
Seattle
Semarang
Shanghai
Singapore Sourabaya
Sydney
Tientsin
Tokyo:
Tsingtan
Yingkow
went. Interest alowed for
Deposits recefred for fixed: at rates to be obtained on
COKISHIN AMT
Hong
11th
THE
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China)
$5,000,000,
Capital paid up -..
÷ 57,300,000. --Beserves Capital Savings Dept. $500,000. Reserve Savingr Dept. $800,000. Hend-Office Shanghai
A Bazik having as Its mission. the industrial", development" ca China and the fostering of her commercial relations #broad?? Hong Kong Office
7. Lee, House SL Phone: 31481-2-3-
** Ward
Standard Oil
NL U.S. Steei
10- 10%
MERCANTILE BANK DIVIDEND
readily as provision for a settle- July [ment is now over.
¡Spot
Confidence is strengthened by New York Rubber:- H.K. Lands 4% Debentures $100 the last quarterly report of the
September
Made German Institute for Business
Research, and the foreign orders December Metropolitan Lands Sh. $10 a received by the locomotive works January
China Realties Sh$4 m. China Debentures Sh.$123 n.
Public Utilities: HK Tramways $12.20 ́n. Peak Trams (old) $74, z. Peak Trams (new) $5% Star Ferries $784 b. Yaumati Ferries $17.60 2. C. Light $8.30 br EK Electric $58% n. Macao Electrics $20-1 Sandakan Light $ &. Telephones (old) $20% z
Telephones (new) $8.20 n. China Buses Sh.3111⁄4 n. Singapore Traction 10/6 n. Singapore Pref. 22/6 b.
Industrials
Malabon Sugar. $871⁄2 1. Cald. Macg (Ord) Sh.$191⁄2 2 Cald: Macy (Pref), Sh$18 n Canton Ices $1.20 m
Cements $2.80
HK Ropes $2.15 n
Stores, etc.
Dairy Farms $15
Watson $3.05 b.
Lane, Crawford $3 1. Mackintosh $7_n. Sinceres $5.30 TL Wr. Powells 70 cis. 1. Wing On (HK) $55 11.
Miscellaneous
Entertainments $4. SC Enterprises $1.85 n. Macao "Greyhorinds” $2 n. Constructions (old) $1.10 -2. Constructions (new) 25.ets, Vibro Piling $4 1. Ch. Govt 5% 1925
90%
REICHSMARK QUOTATIONS
Berlin, To-day. Reichsmark August quotations, without guarantee, October are given as follows: New December York, 40.28; Paris, 608; Ams- New York terdam. 59.37; London, 12-3575.
Trans-Ocean Service.
Sugar:--
No. 1 No.3 No. 1 No. ∙Con. Con Con. Con
2.52
2.43 2.66 2.34 .270 233
Prof. CW. DOORLAY. FAREWELL PERFORMANCES
The Tropical Express Non-Stop Revue will give Two Gala "Fare well-Shows at 6 and 9.30 pm to-day.
Prof. Doorlay, the producer and composer will personally conduct- the orchestra.
Don't miss your last chance to see the biggest, snappiest and most extraordinary show, that ever visited the East.
miss it
you' mist
a great chance.
GIFTS FOR REMEMBERANCE
During the interval the Doorlay Girls will offer to the public, free of charge, Artographed photos for rememberance.
BEAN CAKE DISPUTE 336) 2220 2.04 2201 201 Prof. WILLIAM DOURLAY'S
Central China Traders May
Boycott Canton
Sept ¡Dec.
March
204202)
2.10
2.06
TROPICAL
New York Silk:-- September December March
*175
1.78
EXPRESS
168
1.70
1.67
1.70
€5.26 65.00
NON-STOP REVUE
Shanghai, To-day. Central China bean-cake mer-
Montreal Silver: chants have agreed not to send
September further supplies to Canton as a December protest against the increased duty there which becomes effec tive on Sunday. The merchants have also decided to seek Nan- king's intervention. Beuter.
SING SING "CHAIR” CLAIMS
375 LIVES
January March
65.60 65.79 65.65x 65.85m 65.90 66.15
Is It Insured?
InsuranceTM All Claises LOWEST RATES American Asiatic Underwriti
The electric chair in Sing Sing Prison, New York, has taken the lives of 875 persons since it was installed 44 years ago, prison au- GIBdthorities reveal.
Only four of the executed per Head HK Govt 4% Loan 64% sons were
Three
have prem b. EK Govt. 3% Loan 2% prem. service at the switch
|dating thé peri
The Mercantile Bank of In- dia Limited, has been advised by its London Office that the Board of Directors have de clared an interim dividend of 6h per cent less income tax
Wallace Harpers $41
women.
#John Huberts
A
NEW ACTS! NEW SONGS! NEW DANCES!
101 Scenes in 180 Minutes!
"ADMISSION