BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
$50,000,000 Issued and Fully Paid-up 20,000,000 Reserve Funds:--
-Authorised Capital
Sterling .. £6,500,000
Silver
$ 0,000:000 Reserve Liability of Pro-
prietors
·
ERD OFFICE BONG KONG...
DOARD OF DIRECTORS.
S. H. Dodwell, Esq.
Chairman.is,
CC Fairbt, Eng.
Deputy Chairma
V. M. Grayburn. Esq.
Chief, Manngut.
THE CHARTERED BANK OF `INDIA,”AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1858.
HEAD OFFICE: LONDON Paid-up Capital
20,000,000
Reserve Fund
LES,000,000 5,000,000
Reserve Liability of Pro-
prietors
£3,000,000
Agencies and Branches:
Vor Stat
Kangoon
Amritor
Ipad Karachi
W. H. Bell, Esq., E. S. Morrison Esq
A. EL Compton Esq
M. Johnson, EQ Hon: Mr. J. J. Paterson,
Bangkok
Lumper
Faching
Bembey Calcutta
Canton
Carppors
Cuba"
Madon
Colabo
Manila
Daiki
Nrdan
Time Tack
Priping
G. Miskin, Esq., T. E Pearce, Esq. Haiphong
AVOI
BANGKOK
BATATZA
BOMBAY
CALCUTTA
CANTON
CREPOO
COLOMBO
DAIREX
FOXHOW
HAIPHONG
AAVHIHG
HANKOW
HARBIN
HONGKET
ILOILO
ГРОЯ
ГОДОВЕ
Fon
KOWLOON
BRANCHES
LUXDON
LYONS
MALACCA
MANILA
MEAR (obore} MIKDES
NEW YORK
PEIMING
EXANG
RANGOON
SAIGON
SAN FRANCISCO
ETALA LUMPUR
KHANGHAT
SINGAPORE
SOPRABATA
SUNGET PATANT
TERVI
TIESTSIN
TSINGTAO
TOKOHAMA
Correct Accounts opard bi Local Currency and Fired Expoette remained for con soir er aborter periods in Love Currency and Sterling on terms which will be quoted in application.
Hong Kong, 6th April, 1935
HONG KONG SAVINGS BANK
The Bank of the above. Back in conduct ed by the 120NG KONG AND SHANGHAI BANKING CORPORATION Bules may be. obtained on application
FOR THE RING TONG AND SHANGHAI BANKING CORPORATION.
Tambang
Hanbow
Harbin
Boat Tour
_(Fuking) Penang
Saicen
Semarang Suntem bas
Shanghai
Simempore Setiawan
Taiping Tienbein
Tongkah
“Yokohama
Zamboanga
Foreign Exchange and· General Banking businessD
tracmaried.
Current Accounts, opened and Pired Deposi received for one year or abortar beseda a which will be quoted on application.,
A. BREARLEY, .. Manager Hong Kong, 1st January, 1935.
THE
AMERICAN EXPRESS COMPANY,
INC.
Head Office:-65. Broadway, New York
Capital
Surplus Reserves
Atbro
THE CHINA MAIL, MONDAY-SEPTEMBER 2, 1935
Commerce and
Finance
LOCAL DOLLAR“
IMPROVES
Silver Prices Rise
The local dollar has advanced opening on demand this morning at 1/11
Silver prices, both spot and for- ward, improved 1⁄2 to 294.
The London on New York cross- rate was quoted at £-US$4.92%%% as compared with S-US$1.95%. Lon- while the New York on
was quoted at cross-rate don
with £ US$4.95, as compared £—U.S.$4.9374.
EXCHANGES
TO-DAY'S QUOTATION
BRANCHES:-
Men Nice
On Singapore-
On demand
On Japan-
Herm
2/-
LOCAL SHARES
TO-DAY'S QUOTATIONS
The following is the list of local share quotations issued to-day;-
Banks
H.K. Bank $1,045 a." HK. Bank (London) $10431⁄2 Chartered Bank $131⁄4 n. Mercantile Bank A. and
1997
Mercantile C £123⁄41⁄2 * Bank of East Asia $76.1.
1.
REQUISITES FOR
CHINA'S TRADE
WITH JAPANESE
Economic Co-operation Required
FRIENDLY RELATIONS SHOULD BE CEMENTED
CANADA'S FAMOUS COD BANKS
Oldest Organised Industry
NEW ADVERTISEMENTS
THE HONG KONG JOCKEY
CLUB
PROGRAMMES and
56,000,000 IN VALUJE DANTRY GRACO the
LAST YEAR
Ottawa.
EIGHTH EXTRA RACE MEET- ING to be held on - SATUR- DAY, 21st September, 1935 (wea- ther permitting) may be obtained
The oldest organised industry Peiring in Canada is cod fishing. The at the Secretary's Office, Glonces ber Building; the Club House, The decline of Sino-Japanese famous cod banks off the east Happy Valley; the Hong Kong trade during recent years has coast of Canada were first dis Club the Sports Club and the been due primarily to the ill-covered. so far as authentic his Stables, Shan Kwong Road.
effect of diplomatic differences torical records show, in 1497 by - Entries close at 12 o'clock on the sentiments of the people John and Sebastian
Cabot,
tember, 1935.
Rof both nations, declares an Venetian explorers then in the NOON on Thursday, 12th Sep-
editorial in a recent issue of the service of the English Govern-
By Order, Eva Pei Ji Pao, a vernacular in ment.
C & BROWN. the Old Capital
Secretary. Hong Kong, 9th Sept., 1935. «
Insurances Canton Ins. $180 n. Union Ins. $324 b. $$75 32- China Underwriters 1:10 cts. China Fire Ins. $582 D HK Fire Ins. $185 m. International Assee. $4 n.
Shipping
Douglases $36 n-
HK Steamboats $4 n.. Indo Chinas (Pre£), $30 U Indo-Chinas (Def.), $12 n.. Shell (Bearer) 70/71⁄2 a. Union Waterboats $111⁄4 n
Mining
Antamoks 80 cts. 1-
Balatocs $18 n.
Baguio Gold 24 cts- B.
Benguet Consolidated $12.10 Benguet Exploration 13 cts. I Benguet Goldfield 10 cts .
On London
On T.T. and demand
1711%
4 months sight
Credits 4 months" sight
2/14
„U.S.$6,000,000.00. 2,187,633.06 870,731.05
On Shanghai—
On demand
132
84%
Amsterdam. Antwerp
Greno
Glasgow The Hague
On demand
169
Naplem
#TRAN
PEMATER
On India
Hamborg
Paris
Berlin Bombay
Pripieg
On T.T. and demand
13134
Heidelberg
Palermo
On New York-
BROTINIS
Bruerla
Interlaken Jemele
* Korterdain
B
On demand
49
· «Cairo-
Shanchal
Southampton
Credits 60 days' sight
51%
Chint Nasager.
On: Batavia——
Gold River 7 cts. 1.
On demand
723$
Techlin
Vnow Cario
-
On Paris
Ipo Mining 90 cts. B. Itogons 3634 cts.
Manza
31chich
Indelea Zarich
On demand
74272
Credits 4 months” sight
7872
On Saigon
On demand
74
9$
9314
V. M. GRATECEN,
Bong Kong, th February 1935.
THE BANK OF EAST ASIA, LTD.
Authoriard Capital..
~ $10,400,000,0¥! -$ 5.506,600.00 | Paid-up Capita Reserve and Lndivided Fendt 2,480,000,00
HEAD OFFICE:--HONG KONG
1. Don Frax Rined utral..
BOARD OF DER JOES:-
Sir Showson Chou, Chin man.
•Li Enno Chat P. E. Krok, Eng. Wong Yan Tonk, Erg Chan Ching Wack! Ergo Li Lan Fang, Bag Bong Cho San. Bag, and Kan Ying Po.. Ing
Kao Tour Fo. Enq. Chief WangeT Li Tv Fong Yaju. Nanage
BRANCHES AND AGENCIES-
ле
W-hourna
'Parin
S
Sarang
Siagapore
Amos
Batavia
Bombay
Nagasaki
Kew York
Chaka
Sourab
Swalow
zadary
Jaiboky Teatrin Taipo Vascouter
Calcutta Canton Haiphong Karlow Honolulu
Kowloom London
Peipu
Panc
Fi
Paigen. beo. Frandeco
Emery, dracsiption of Banking and Exchange Bicentennacted. Logs graced on sproved
Currrat
Accounts opened in Local Currency and Fland Deponica received for one your or shorter periods in Local and Foreign Currencies on ternak which will be quoted sa application.
·Safe Deposit Busan To Ice..
KAN TONG PO.
Chief Manager,
THE CHINA & SOUTH SEA BANK,
LIMITED
(Incorporated in China)
Head Office Au
Capital
Reserve
Branches
Shanghai
$7,500,000.00
$1,500,000.00,
...All Important Cities
Foreign Exchange
Business manacted.
in China
and. General
Banking
Current and Saving Accounts opened and Fixed Deponitsited, for one your of shorter. periods |
winch will be quited to application.
SOU Z. CHANG,
at tes
Manager.
HONG KONG BRANCH:
26. Dos Torx Bond, Central
Hanager's: 0655
Foreign Exchange, Dept.
Genere. Offiona.
Cashier's '05ce
23375
THE YOKOHAMA SPECIE BANK
LIMITED.
Established 1880
Capital (full paid-up) Yen. 100,000,000 Reserve Fund..... Yen 125,800,000
Head Office:-YOKOHAMA
Brancher and Agencies at: Alexandria
Batavia
Berlin
Bombay
Calcutta
Canton
Nagasaki
Nagoya
New York
Osaka
Paris
Peiping
Dairen (Dalny) Rangoon
Fengtien Mukden) Rio de Jeneiro
Hamburg
Hankow
Harbin
Hong Kong.
Honokala
Asjaking
Karachi..
Kobe
London
Los Angele
Manila
Moji
4
Calcetin Cannes Colombe „Copenhagua
Edinburgh Florence Getzees
London Liverpool Lane
Lucano: Lator
Karuritics
Yoon
Singapoes
Tomartwiza Termina
Branches of American Express Company in Principal cities of United States of America and Canada.
All classes of Commercial Banking Transactions undertaken.
Personal investment handled
Recounts
The Company offers to intending Travellers the use of its "Travellers Cheques" azid Letters of Credit and.
On Manila-
On demand On Bangkok
On demand Sovereigns bank buying rate 2/-34.
297/4 Bar silver per oz Bar silver in Hong Kong BOX. nom. Copper cash ..
par.
in addition, the world-wide services Copper cents
of its thoroughly equipped Travel Rate of native interest Department;
E. W. DUGGAN.
Manager.
THE WING ON BANK
#
LIMITED.
Head Office: Hong Kong - 2. Des Voeux Rost Contrať. Authorised Capital 310.000,000 TONDON BANKERS:-
Westminster Band. Ltd. Foreign Exchange and every day. eription of banking business transact- ed.
Chinese Sub Coin ... Hong Kong sub, coin
3% pa 32% dis. par.
CANADA AND THE UNITED STATES
Reciprocal Tariffs Suggested
REDUCTION IN RATES
Current Accounts and Savings Ac-
Ottawa, To-day. counts opened. Fixed Deposits re- ceived at rates which will he quoted Valuable reciprocal tariff re- the Special rates given ductions by Canada and nu application. for Special deposits.
United States are among the Trusteeshin and Executorship dertaken. Safe Deposit Boxes for Suggestions dealt with in cor- hire.
PHILIP GOCKCHIN
Chief Manager
respondence between the Cana- dian Minister at Washington and the United States Govern GOCKCHEN LI SHU FONG ment, now published, relating Asst. Manager
Asst. Managerį
to proposals by Canada for a re- ciprocal trade agreement be tween the two countries.
THE
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED
(Incorporated in China);
Capital paid up... $5,000,000.
Canada's suggestions include the extension of intermediate tariffs to the United States involving a reduction in the present rates on over 700 items, with further re- in trade treaties with foreign conz- tries.
Reserves .... $7.300.000.ductions which are included Capital Savings Dept. $500,000. Reserve Savings Dept. $600,000.
-Bead-Office-Shanghai :)
A Bank having as its mission the industrial development, 01 China and the fostering of ber commercial relations abroad. Hong Kong Office
7. Ice House St. Phone 31433-2-3
Is It insured?
Insurance All Claare
LOWEST RATES; American "Asiatic Underwriters
Fed Inc., USA. General Agents.
San Francisco.
Seattle Semarang
Shanghai
Head Ofen. 17, The Bind
Shangkat
Singapore Sourabaya
Sydney Tientsin Tokyo
Txinstan Tierkow
Interest allowed for Current
Deposits received for fier
Eto be obtained
Hong Konz 11th March, 1935,
It is suggested that the United States in return should reduce by 50 per cent. the existing American rates on a specified number of natural products, including timber, fish, potatoes, milk, live cattle, agricultural products and several minerals.
The negotiations are proceeding. Renter
RAW RUBBER PRICES
Latest Quotations From Singapore
HK Office
Messrs. H. B. Joseph & Co. hayw Asia Life
Building received the following Straits, Car. Tel. 30236 rency quotations from Singapore
for Raw Rubber
QUALITY
PRINTING
Spot 18 Unchanged b. 19 2. October-December 198 Up
19%
ch (1936) 19% Up
(1986) 20%
Dall
Big Wedge 8 cts. I Gold Creek 30 cts. a
Salacets 15 cts, n
Kailan Mining Ad. 11/6 D. Langkats (Single)-Sh. $14 D. S'hai Exploration Sh.541⁄2 n. S'hai Loans Sh. $54 n. Raubs S7 a
Venz: Goldfeld $2.30 n.
Docks, etc...
4
HK and K Wharves (old)
$78 n HK and K. Wharves (new)
$744 D. H., and W. Dock $9. Providents. (old) 55 cts. D Providents (new) 20 cts. n. "Hong Kew Sh. $240 d
New Engineering Sh. $4 n. Shanghai Docks Sh.878 n
Cotton Mills
A
These fearless seamen report- The editorial agrees with the ed that the sea was so covered view expressed by General with fish that they could be Chiang Tso-pin, Chinese Ambas caught with baskets, a stone sador to Japan, in a recent press being attached to make the bas- interview in Shanghai that ket sink in the water." economic co-operation between
Past Recalled
PUBLIC AUCTION
THE Undersigned have received
China and Japan should be Cape Breton, at the easterly based upon equality, mutual extremity of Canada, recalls! benefit and balance of trade the fishermen of Brittany in and that a further cementing France who, in company with Auction of the friendly relations be-Spanish and Portuguese used to tween the two nations is a pre frequent the fishing banks in requisite to the promotion of subsequent years after the Sino-Japanese trade.
voyage of the Cabots had made! Relationship Reviewed the area known all over the Reviewing the trade relations civilised world. The vessels between China and Japan in the used to return to Europe with past, the editorial says that in 30,000 to 50,000 cod in their the first Year of the Chinese holds. Twelve of the cod banks Republic (1917) China's total have an area of 70,000 square value of imports from Japan miles.
on
FRIDAY, the 13th Sept. 1935, commencing at 2:30 pm. at their Sales Room, Duddell Street
A Quantity of VALUABLE HOUSEHOLD-
FURNITURE
comprising:
Chesterfield Suites, Bed Room
was Taels 140,000.000. The These deep sea fisheries are & Dining Room Furniture, Car- figure had been doubled up to visited regularly by fishermen pets, Rugs, Pictures, Clocks, Orna- the Sixth Year of the Republic from Canada, the United Statesments. Table lamps & Shades, (1917), trebled up to the eighth and Europe Canadian vessels Knives & Forks, Gramaphones and Year of the Republic (1919), which operate there are from Records. E. P. & Brass Ware, For- and quadrupled up to the eigh-40 to 100 tons, carrying 12 tocelain & G Ware, Typewriters, teenth Year of the Republic 20 men operating with trawl Linen, Ice Chest, Cooking Stove. Filing Cabinets, Desks, Bookcases, (1929). In spite of the burst lines from dories.
also
A. Selection of BLACKWOOD FURNITURE
ing of the worldwide economic Cod, of course, is the chief etc., c. depression in the twentieth catch on the banks and along Year of the Republic (1931), the coasts, and its value varies China's imports from Japan re-up to $2,000,000 ($400,000) in gistered a total worth of Taels a single season. The volume of |560.000,000, which was still cod in 1934' was £156,000.000.- times of Reuter approximately "four that in the first Year of the Republic
Golden Period.
The first 20 years of the
existence of the Chinese: Re- public, the editorial states, may be considered as the golden period in the history of Sino- Commenting Japanese trade.
MAN WHO TALKED WITH LINCOLN
Centenarian In Bangor
MEDICAL DUTY DURING CIVIL WAR
on the causes of the thriving trade during this period, the editorial says that although thej geographical proximity of the two countries had helped much, the general friendly relations
Bangor. the between (old) Sh existing
two
Dr. Griffith Evans, of Bangor, peoples were, nevertheless, pri the scientist, who had an inter- nmarily responsible for making view with Abraham Lincoln
this possible.
Ewo Cotton Sh.$5.70 n.
Cotton Shanghai
$65 D
Shanghai Cotton (new) $40 Zoong Sings Sh. $834. Wing On Textiles Sh. $25 1. Lands, Hotels, etc.
HK. and S. Hotel $3.40 s HK. Lands $2514 n.
HK. Lands 4% Debentures $100
I
Shanghai Lands Sh. $201⁄2 ne Metropolitan Lands Sh. $10 Humphreys $72 D HK Realties $4 n. Chinese Estates $88 n China Realties Sh$4. n. China Debentures Sh.3123 1. Public Utilities H.K. Tramways $111⁄2 n. Peak Trams (old) $6. Peak Trams (new) $5% 8. Star Ferries $781⁄2 1. Yanmati Ferries $17.60 n. C. Light $8.05 m. H.K. Electric $55 s. Macao Electries $20 D. Sandakan Light $3 s. Telephones (old) $201⁄4 n. Telephones (new) $8.20 China Buses Sh$114 n. Singapore Traction 10/6 n. Singapore Pret: 22/6
Industrialỗ
Malabon Sugar $81⁄2 n. Cald., Maeg (Ord.) Sh.$191⁄2 Cald: Macg (Pret), Sh$13
Canton Ices $1.80 TL Cements 3 n. HK. Ropes $2.15 x
Stores, etc. Dairy Farms $15. Watson $3.05 1 Lane, Crawford ☆ n. Mackintosh $1 Sinceres $5 Th Wm. Powells 70 ctx. n. Wing On (H.K.) $55 n.
Miscellaneous
Entertainments $4 2. SC Enterprises $1.35 n. Macao “Greyhounds” $2 Constructions: (old) "$1.10 2 Constructions (new) 25 cta. n. Vibro Piling $4/nl/
Ch. Govt 5% 1925 G&Bda.
90% n
Gradual Decline
and
One "GE." Electric Refrigera
tor.
One Kelvinator
One Electric Cooking Stove
On View from Thursday the 12th September, 1935.
Terms: Cash on Delivery
LAMMERT BROS.
Auctioneers. Hong Kong, 9th September, 1935. ́`·
POLICE RESERVE·
Orders by Mr. D. Burlingham Inspector General of Police
Aquatic Sports.
All Police Reservists are rest during the American Civil War, celebrated his 100th birthday minded of the 14th. Annual Aqua- Since the Mukden Incident, recently
Magtic Sports of the Police and Pri however, the editorial points! At the time of the Civil War. son Departments which will be out, there has been a gradual Dr. Evans was with the British held at the V.R.C. on Saturday, decline in Sino-Japanese trade Army in Montreal. He went to September 14 at 15.00 hours. According to statistics released the United States, armed with
All ranks of the Hong Kong
by the Japanese Finance Office. letters of introduction, but was Police Reserve are cordially in- Japan's average monthly export told that it was impossible for vited to attend.
to China in 1933 was only him to get near the scene of The heats for the Police Reserve F9,021,000. The total export hostilities. Dr. Evans secured. Race will be swum at the Enro of Japan to China in 1934 was despite many obstacles, an pean. YMCA Bath, Salisbury од Tuesday, Road, Kowloon only Y126,886,000, showing a interview with Lincoln decrease of 4 per cent as com
September 10th at 17.30 hours pared with that of the previous
Competitors failing to
year.
Private Conversation
"I was taken to Lincoln's sharp. According to statistics com- private room," Dr. Evans said swim in the heats will not be piled by the Foreign Trade After a conversation. lasting eligible to swim in the final. Bureau, China's imports from half an hour he said he would
Chinese Company Japan in 1932 amounted to only see what the Quartermaster- Taels 260,000,000, showing a General could do for me. He, Training Course Part III- decrease of 6 and 8 per cent however, warned me that I Members of the Chinese Company respectively as compared with would not be allowed to go to will attend at the King's Park the front as a mere looker-on Revolver Range on Thursday, that of 1931 and 1929.
Unless you are prepared to September 12 at 17.30 hours to fire Exports Also Fine Simultaneously, the editorial make yourself useful you can't the Part III Revolver Course adds, there has been a decline in 20. said Lincoin. You are under Sub Inspector China's exports to Japan. In medical man and in the event of Only those detailed will attend 1932 the total value of her er there being any fighting where ports to the Island Empire was you happen to be, will you $167,462.000, which was about assist the wounded?"
"I told him I would only be Training Course Part III-In- 21.80 per cent of her total value of exports. In 1933, this too delighted to be of assistance. structions in Handling of Re- dropped to $95,807,000, which I was given a pass with a roving volver will be given on Wednes day, September 11 at 17.30 hours Headquarters was only about 15.65 per cent commission."
Dr. Evans became very at the Police of her total exports of that year.
Indian Company
Ritchie.
In 1934, it dropped- further to friendly with several generals Gymnasium. Only those detailed only about $81.232.000, which of the Northern Army, especial- will attend
was only about 15.16 per cently with General Grant.
of her total exports of the year.
The editorial further points.
Training Course Part ILAT recruits of the Indian Company will attend 1, Cliff Road, Kowloon on
jout that while the decline of operation and boosting Sino Thursday, September 12 at 17.30 Japan's export to China may be Japanese trade, all diplomatic hours for instructions.
loss of these vast areas.
Emergency Unit Reserve Revolver Practice Revolver.
more or less remedied by her difficulties between the two dominant trade position in Man-nations, the editorial continues, churia and Jehol, China will should be done away with and have to experience an even closer friendly relations should greater difficulty in balancing be effected Above all, the pur- practice will be carried out by Reserve on Friday, September 13 her trade, as a result of her chasing power of the Chinese members of the Emergency Unit
people should be heightened.
In order to accomplish this,at 17.30 hours at the King's Park All members, The greater China's adverse concludes the editorial China's Revolver Range under Sub, In- trade balance becomes, the less economic conditions should be spector Ritchie. hope will there be for Sino- improved, one thing which can will attend Japanese economic co- ation, only be realised when China, is
let alone to
rk out her own} Central News
Less Hope
HK Govt. 4% Loan 6%%
prem. b. HK. Govt. 32% Loan 2% prem, the editorial emphasi
As a preliminary ste
Wallace Harpers $4
mese
Loward sal
D. LKING,-
DSP.(B): Hong Kong, Monday, September