BANKS
HONG KONG AND SHANGHAI
BANKING CORPORATION
Authorised Capital.
$50,000,000
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA."
Issued and Faily Paid-up 20,000,000 Incorporated by Royal Charter,” 1853.
Reserve Funds:
Sterling Siver
6,500,000
$0,000,000
Reserve Liability of Pro-
prietors
HEAD OFFICE: LONDON Paid-up Capital 20,000,000 Reserve Fand
£3,000,000 £3,000,000
Reserve Liability of Pro-
prietars
HEAD OFFICE HONG KONG.
BOARD OF DIRECTORS.
E. Dedwell, Bag-
Chairman.
CC. Axishe, .Eng.
Deputy Chaurah,
V. M. Gruzdura, Esq.
Chief ManagWE.
W. H. Bell, Esq., 2. S. Morrison Esq,Caleurs
Agencies and Branches:
Boile
1pob
Kanchi
Sangoon
THE CHINA HAL FEESTE
and
Commerce
Finance
LOCAL DOLLAR IMPROVES
000,000 Silver Prices Advance
ABSTINA Bangkok
B
Bomba
Kang Kobe
Fagon Semarang Seremba
Singapore
A. Compton Esq...
Canton Cawnpore
Colombo
INTRAK
Kuching
Т
Manila
Tomekab
| Duči
New York
Hambur
Paiping
Hankow
(Peking).
Harbir
Pang
1. T. Johnson, Esq+! Cebu Hon. Mr. J. Paterson. G. Miskin. Esq., I. E. Pearce, Esq.
LONDON LIONS
BRANCHES
AMOY
BANGKOK
BATAVIA
BOMBAY
CANTON CHEFOO COLOMBO
DAFRES
PK-CRONE
HAIPHONG
HANKING
HANK
HARMIN
BONGREW ILOILO
IPOK
JOHORE
FORF
KORZON
MALACCA
MANILA
XUAR (Johore)
MUNDEN
NEW YORK
PEIPING
PENANG RANGOON
SAIGON
SAN FRANCISCO
KUALA LUMPUR
SHANTHAI
SINGAPORE
SOURABAYA
SINGET PATANI MENININ
TOKYO
TSINGTAO TOKOBAMA
Cute opened it Local Currency and Fized paste mesové fer our year whe chester Demenin in Local Cumeact and Sterling, which will be quoted an evqlication. Hong Kong, 6th April 1935.
HONG KONG SAVINGS BANK
The wall of the abonn Bank is conduct ed by the HONG KONG AND SHANGHAI BANKING CORPORATION. Kalen zomy be obland en
FOR THE HONG KONG AND SHANGHAI
BANKING CORPORATION,
GRAFBURN.
Can! Macager.
Hong Kong. e Fobrany, 193
Hong Koor
(bak)
Tokuhama
Zambonga
Formagn Exchange and Cheneral Banking Denissen transacted.
The local dollar has improved a farthing, opening on demand this morning at 1/11.
"Spot silver prices rose to 29, and forward rose to 12916.
LOCAL SHARES
TO-DAY'S QUOTATIONS
The following is the list of local share quotations-issued to-day."
Banka
HK Bank $1,040...
H. Bank (London) $105 m. Chartered Bank £19% ni Mercantile Bank Aand B
Mercantile C. #1231⁄2 1. Bank of East Asia $765 I
The London on New York cross-₤293 rate was quoted at US$4- 95 15/16, as compared with £- US$495%, while the New York London cross-rate was quoted
US$4963-
Qn
Comment Accordés opened and Fixed Deponire at murmiend for voe mar se sborter varieds at rates which will be quoted ce application.
A. BREARLEY.
Manager
Hong Kong, 1st January, 1935.
THE BANK OF CANTON, LTD.
Established 1912. - Head Office:-Hong Kong.
EXCHANGES
TO-DAY'S QUOTATION
On London
On Singapore............
On demand
Authorised Capital ..... $31,000,000 „Prid-up Capital
8,655,000 .... 32170.492 On Japan Total ResoNTSLA
On demand Branches: Canton. Toishan, Shanghai, Bankow, Bangkok & San Francisco. On India London Bankers: Lloyds Bank, Ltd.
Foreign Exchange and Banking business of every description trans-On
acted
Current Accounts opened and Fixed Credits 60 days' sight Deposits received for one year or On Batavia- shorter periods at rates which will be quoted on application.
Safe Deposit Boxes (various sizes) for hire.
LOOK POONG SHAN,
Insurances-
·Canton Ins. $185 m..
Union Ins. $37, 1
China Underwriters 10 cts, I'm
China Fire ins $382 n.. HK Fire Ink $185 n. International'Assce. $4 n.
Shipping
Douglases $36 1.
HK. Steamboats $ă m- Indo-Chines (Pre£), $30-12: Indo-Chinas (Def.), $12.n. Sbell (Bearer) $70/731⁄2 n. Union Waterboats S11 n-
Mining
Antamoks 80 cts.
Baguio Gold $2434 cis. n. Benguet Consolidated $12.10 - Benguet Exploration 13 cts. Benguet Goldfield 10 cts
Big Wedge 8 cts. E
Gold Creek 30 cts.
Ipo Mining 90 cts. 2.
Itogons 36 cts. In
Salacots 12 cts 1.
On T.T. and demand
1/113
4 months" sight
1/11
Credits 4 months" sight
2/1
On Shanghai—
On demand
132
841
16734
Balatoes $18 n.
On T.T. and demand
131
New York-
On demand
49
... 51
On demand
72
On Paris-
- Gold River 70 cts. 1.
On demand
74274
Credits 4 months' sight 7871⁄2
Chief Manager
On Saigon-
On demand
74
On Manila-
98
On demand
93%
Kailan Mining Ad. 12/6 n Langkats" (Single) Sh. $14 m. Shai Exploration. Sh.541⁄2 n S'hai Loans Sh. $54% m Raube $72
Sovereigns bank buying rate 21/-%
Bar silver per oz.
Bar silver in Hong Kong
2914 --- Dom.
US$6,000,000.00
Copper cash
2,183,633.06
Copper cents
Hom
par
870.731.05
Rate of native interest
3% pa
Chinese Sub Coín.
32% dis
AmoryCam
Glampene
Mami
A:bocs
The Hage
Kelimarne
Havann
Kapa
New York
Skup Singapore KSTEDEYE SAND
Hamburg
Milan Nice
Bur Parin
Hong Kong sub. coin
Kapine
Fortin
Esmong Bremen
Pipino
PHUNGAR
Taihoku
Kebe
P
Love Loon London
S
Tiesinia tokyo
Be Cairo Chiru236 Cann
Haideiberg Interlaken Zecurslema -Lendor
Priping Palermo Rotterdam Rome
homebui Southupon.
fwa Francisco
Vancouver Takodate
Capital
THE
THE BANK OF EAST ASIA, LTD.
Aibotines Capital
Paid-up Capital
- $20,3106,060 (
On demand
$300. AMERICAN EXPRESS COMPANY, On Bangkok-
Best and Chdivided Prof $260,000,00 -
HEAD OFFICE~NG SONG
10. Das Taux Bond incre
BOARD OF DIRECTORS:
bie Saou- Chon, Chu maŬ,
Li Evon Caux. Eng P. R. Kuck. Lagu FOR You Tong, Eq.. Cons Chise hek Eas. In Lond Sang. Eng Wong Chu Soc. Eq. and Exo Ying. Pr. Dec.
Any
Batavia
La Torg Po, Eng. Chief KacaGOT.
2 The Foog. Eaq, Simmon
bombar
Calcutie Cansob
--BRANCHES AND AGENCLE-
Haipborg
·Faniow Fondialu
**Paria.
INC.
Head Office: 65. Broadway, New York
Surplus
شد
·Emary discription of Banking and Exchange kositete transacted. Loads, graciled on approved securities,
Current Account opened is Local CurrrDég and Fixed Deposite received, for one · gruz” de aborter perioda un Local and Foreign Currencies on term which will be quoted ou applizazioa.
Safe Deposit Enter To Let
KAN TONG PG
Chief Manager.
-Reserves
Colembe Copenha.com Treblin Edinburgh
Gegens
BRANCHES:
Lawrpool Luberse Lugano Luser MarseVien
Singapor Tatein
Monte Carlo Stamila
Menich
Tecewing Vecps tee Takchara Zurich
par.
NEW YORK STOCK EXCHANGE
Latest Quotations
September 4
The following quotations Weze za reived by Beater:
Branches of American Express NY/London Company in Principal cities of United T. Cosson States of America and Canada.
Oct May N.Y. Rubber
Dec.
All classes of Commercial Banking Transactions undertaken.
Personal investment
THE CHINA & SOUTH SEA BANK, handled
· LIMITED·
(Incorporated in China) Head Office ... Shanghai.
Capital
Reserve
Branches
$7,500,000.00 ...$1,500,000.00 ..All Important
Persign Bachange >Bostones, traumacteč..
in China
land;; · General
Cities
Banidire
Current and Saving Accounts opened, and Fixed Deposita ived for one your or shorter perioda at rules which will" be qouled on application...
SOU Z CHANG.
RONG KONG BRANCH:
Manager.
· 24. Dem Tovuz "Road, · Central.
Manager'a - Office v ma
Foreign Exchange Dept.
General: Oc
Cashier's OmoN
THE YOKOHAMA SPECIE BANK
LIMITED.
Established^3880
Capital (full paid-up) Yen 100,000,000 Reserve Fund Yen 125,800,000
Brad Office?—YOKOHAMA
Branches and Agencies at:
Alexandria
Batavia
Berlin
Bombay
Calcutta
Canton
Daïren (Dalry)
Nagasaki Nagoya
New York
Osaka
Paris
Peiping
Fengtien (Maiden) Rio de Jentiro
Hamburg
Venz: Goldfeld $2.80 n..
Docks, etc.
HK and K. Wharves
$78 1
HK and K Wharves
$742 1.
President Roosevelt shalding hands with J. Finley Wilson, Grand Exalted Ruler of the Coloured Elks, at the White House, as he receives an invitation, to attend the annual -convention. the organisation. The stir caused by the huncheon invitation given by the first President Roosevelt to Booker T. Washington was
recalled by this, vizit
NEW EPOCH IN
"THE HISTORY OF
TRANSPORTATION
Motor Fuels Tested
In Germany:
ENTIRELY SUCCESSFUL RESULTS OBTAINED
CHINA MAIL" SPECIAL
Berlin, To-day.
NEW YORK STOCK
MARKET
Little To Stimulate Trading
· FURTHER TEST OF LOW LEVELS EXPECTED
SUPPLEMENTARY EXPENDITURE
Reclaiming
and At
Kowloon Tsai
BUILDING LAND TO BE AVAILABLE FOR SALE
At the conclusion of the meeting of the Legislative Council to-morrow afternoon, His Excellency the Officer Administering the Government. will submit the following items of supplementary expenditure to the Finance Committee for (consideration, amounting in all
to $$4.571.
$1,315. being the difference between the amounts provided 1985 for the and spent in Imperial Shipping and Imperial Agricultural Bureau, under the heading "Miscellaneous Ser- |vices:**
$1,500; to meet the cost of work completed in 1935 in the
of caretakers construction quarters at Repulse Bay and Stanley bathing beaches;
$1,256, to meet the cost of extra training required by Mr. W. Sprague, Assistant Govern ment Marine Surveyor, while on leave, and to the training of Mr. D. Kossick. a dewly appointed Assistant Surveyors
$24.000, to complete part of the extended reclamation of cer, tain low-lying areas at Kowloon Tsai, to provide a large area of building land availble for sale; it is mentioned that provision will be made in next year's estimates for the balance of $20,000;
$4,000. for the widening of Plunketts Road, asked for by the owners of building lots situated thereon where a block In their market report Messrs of fats is being erected to allow 5. E. Levy and Company, corres better facilities for» moter pondents for Mesara: White Weld strafic to their property;
and Company, New York, state-
$2.500, to meet the demand A new epoch in the history of "Stocks: There was little in the for new back lane service pipes transport is brought into imme-news to-day to stimulate trading. in the Kowloon Water Works; diate prospect by the complete-but, in spite of the small volume it is mentioned that the expen- ly successful results achieved in of business, prices sagged and a diture is fully recoverable in tests spread over the last 14 further test of last week's low fees for meter connections.
The second, third and sixth (old) days to ascertain the practical levels seems likely. We would be
work of the various kinds of guided in trading commitments items can be met wholly or in (new) motor fuels obtainable from accordingly. Business done: 900.-part by savings from other süb-
H.K. and W. Dock $9% n. Providents (old) 55 cts, n Providents (new) 20 cta, no Hong Kew Sh. $240 n. New Engineering Sh. $4 n.. Shanghai Docks Sh.$78 n.
Cotton Milis Ewo Cottons Sh$5.90 n.
(old) Sk Shanghai Cotton
$65 m Shanghai Cotton (new) $40 Zoong Sings Sh. $82. Wing On Textiles Sh. $25 1 Lands, Hotels, etc.
m.,
close 10.20 4.96% 4.954.95%
11.00
C Wheat
Dec.
May
10.32 10.27 30.50 1043
12.04 1146
8954 31
10.22 10.47
11.65
HK. and S. Hotel $32 n HK Lands, 3264 12.
HAK Lands 4% Debentures $100
Shanghai Lands Sh. $201⁄2
9034
C. Corn Dec. 57%
May
Humphreys $772 24
59'
26
(Continued on Page 7)...
Latest Quotations. -
German resources- Although 1000 shares. the primary object is to solve peculiarly German problems. the results will be directly
The following quotations were applicable in many other coun-received by Beater:-- tries as well
Prev. To-day's
close
On August 19 forty-three motor- lorries started off on a 20,000-NT/London
496 495% cross-fate kilometre run,, all driven with
10.29- NY. Cotton Oct 22 10.32 German fuels, some using cam NY. Babber Dec. 1204 11.63 pressed coal-yas, some steam, and Chicago Wheat Dec. 89%. 89% some diesel, motors. Up till Mon- Chicago Corn Dec. 57% day about 4,500 kilometres had Montreal Silver Dec. 65.40m 66.00 been covered, 2,000 on the Avas Silver Official 65% 65%
racing track, and the rest in the streets of Berlin city and the iroads round the capital.
EXPECTATIONS SURPASSED So far all the tests in the case of every single one of the 431 lorries have surpassed the ex- Metropolitan Lands Sh. $10 a pectations. The average speed
H..K Realties $4 n
56%
58
45%
4
45%
280
27%
DW
The Company offers to intending Travellers the use of its "Travellers Cheques" and Letters of Credit and STOCKS in addition, the world-wide services et melting 45% of its thoroughly equipped Travel Con Gas N.T. 285 Department,
Elec Bond & E. W. DUGGAN, DA
Share
131 13% 13% Manage General Motors 42%
42% 423% Int. Tel & Tel 104 10% 10% Loew's Inc 41 41% 41% Mortgomery
NY. Central Standard Of
NJ
THE WING ON BANK LIMITED.
Head Office: Hong Kong 26, Des Voeux Road Central Authorised Capital $10,000,000 LONDON BANKERS:- Westminster Band. Ltd. Foreign Exchange and every des- cription of banking business transact
U.S. Steel
34% 342 34 23
22
45%
432 433 434
REICHSMARK QUOTATIONS
Berlin,
to-day Reichsmark quotations (without guarantee) are: New York, 40.24; Paris, 608; Current Accounts, and Savings Ac-Amsterdam, 69.325; and London, counts epeaed. Fixed Deposits 12.3375. The Paris sterling quota- ctived at rates, which will be quoted on application. Special rates givention is 75.16, and the dollar. for Special deposits, person
15.1625 Trans-Ocean Service Trusteeship and Executorship - dertaken. Safe Deposit Bazes for bire
PHILIP GOCKCHIN Chief Manager:
L. GOCKCHIN
LI SHU FONG „Änst - Maringer
SHANGHAI COMMERCIAL
SAVINGS BANK LIMITED rated
Rangoon *
San Francisco
Hankow.
Seatzle
Barbin
Semarang
Eone Som
Shanghai
Bonolulu
Karachi
Singapore Sourabaya
Sydney
Kobe
Lendon
Los Ange ¿Maris
Capital
Reserv Capit
Msinking
THE MERCANTILE BANK OF INDIA, LTD.
HZAD OFFICE.
*15, Gracechurch Street: London: LOL-
Authorised Capital Subscribed Capital Paid-up Capital - Reserve Fund & Rest,
BASTEES [The" Bank of. Zorland &
Chinese Estates $38 n China Realties Sh34 n. China Debentures Sh.$128 n.
Public Utilities
H.K. Tramways:$12.20 Peak Trams (old) $6 8- Peak Trams (new) $53⁄41⁄2 v Star Ferries $78
Yaumati Ferries: $17.60 n. C Light $8.05 b HK. Electric $581⁄2 Macao Electrics $20. 1.“ Sandakan LightTM $3 a. Telephones (old) $201⁄4 z Telephones(new) $8.20 China Buses Sh÷111⁄4 n Singapore Traction 10/6 z Singapore Pret: 22/6 b. * Industrials Malabon Sugar 3311⁄2 2. Cald, Mang. (Ord.) Sh$191⁄2 1 Cald Macy. (Pref.), Sh$18 n Canton Ices $180 11. Cements" $3 11. HK Ropes $2.15 ** Melt Stores, etc.
Dairy Farms $15% b Watson: $3 d.
Lane, Crawford $3 n. Mackintosh $72 Sinceres $5.30.z. Wm Powells 70 Wing On (E
scheduled had, in fact, to be -
creased to allow the lorries to work at their highest efficiency and economy.
56
Dow Jones Averages ---
30 Industrials 127,89 12727 62 on
35.22 35.67 20 Rails
15.6* 20 Utilities 25.70 25.16 54 of 40 Bonds · 95.91 95,98 07 up 11 Commodity
52.51 Index Business Deme:-900,000 shares.
BERLIN SHARE MARKET
Further Price Sag Disclosed
heads concerned, the source and extent of the savings being mentioned in explanatory notes-
BRITISH EXCHEQUER RETURNS
Revenue Shows Increase
London, To-day. Exchequer returns show that total ordinary revenne, excluding self-balancing items, amounts ta £244,263,208, as compared with |£297,005,270 at the corresponding
date last year.
Total ordinary expenditure, ex- clusive of self-balancing items is
5203,655,120, as against £287,224,
208 at the corresponding datë of 1934 British Wireless Service.
GLASGOW TRADE EXPANSION
Considerable Increase.
Reported
On Monday night all 48 started | for Cologne, where the final tests will be performed on the Neur- burgring racing track, which
← CHINA MAIL “ SPECIAL-
f Berlin. To-day-na offers the severest tests known to which motor-driven cars
can be
The share market showed a for- subjected. But already it is pos- ther price sag yesterday because, able to declare unequivocally that though the stock offered was very automobile transport in the Ger-small in amount, demand was man Reich need no longer depend nearly non-existent, chiefly be absolutely on imported liquid and cause of the tension and uncer in the trade of Glasgow as a port, mineral oäs. Trans-Ocean Ser-tainty in the international politi-illustrating the improvement of vice.
cal situation Lignite shares were heavy industries on the Clydeside, was announced at a meeting yes- particularly weak
REICHSBANK RETURN
Heavy Increase In Credit
·CHINA MAJE” SPECIAL
Berlin, To-day.
London, to-day. Considerable general expansion
Fixed interest securities were terday of the Clyde Navigation quiet, the price declines outnum bering the
Trance, 32dvances. Call moner
was at
3% per cent Service
During the past year the total net registered tonnage of vessels arriving at and leaving the port was 18,699,071, an increase on the previous year of 681,103 tons, or
RAW RUBBER PRICES 623 per cent
The total tonnage of goods im-
Latest Quotations From ported and exported was 6.480,970,
Singapor
Messrs. H.
The Reichsbank return dated August 31, published yesterday, ws that the gold stock was unchanged a 948 million Reichs marks, while the foreign currency received the reserves declined by 0.1 to 53rency million
makin
decré
the
to 100
The
393.4
marks.
issued
1925 - GIBds
cheque increased
5135 to 445
Lean 6%
*Thi
enches
jan increase of 364,518 tons, or 5.96 per cent.-British Wireless Ser- fvice
for Baw
01 Spot 189
Is It Insured?