BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
Authorised Capital
$50,000,000
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Issurd and Fully Paid-up 20,000,000 Incorporated by Royal Charter, 1853.
Reserve Funde
Sterling
£6,500,000
Silver... $0.000.000
Reserve Liability of Pro
prietors
Anzibar
Agencies and Branches:
20,000,000 Reserve Fund
HEAD OFFICE: LONDON Paid-up Capital
£3,000,000
£3,000,000
HEAD OFFICE HONG KONG,
Reserve Liability of Pro-
prietors
£3,000,000
Alte Star
Eloila
Bange
Iyab
Bangkok
Karachi
Suomenna
Batavia
Klang
Seremban
Bombay
Shanghai.
Calceta
Kusia
Lamper
Cavapore Caba
Korbing
Colore
Vanila
Delhi
Vedan
New-York.
Priping
(Pabing)
Penang
T. M. Ómayburn. Eaq.
BOARD OF DIRECTORS.
& E. Dodwell, Esq.-
Castrosas.
C. C. Knight, Eng
Deputy Chair
Chief Manager.
W. H. Bell, Esq., K. S. Morrison Esq, Casten
IT Johnson, 34 Hoa. Mr. J. J. Paterson,
G. Miskin, Esq, T. E Pearce, Esq. Haiphong
A. E. Compton Exq
AMOX
PANGTOK
ZULTANZA
BOKEA
CANTON
СПЕРСО
COLOMBO DAILES JOOCHOW
HAIPHONG
RANKUNG
HANKOW
HARRIN
BONGKE
FLORO
ПРОЯ
JOHORE
FOBE
KOWLOON
BRANCHES
LONDON
LYONS
MALACCA
MANILA
YEAR (Johore).
VERDEN
NEW YORK
PEIPING
MENANG RANGOON
SAIGON
SAN FRANCISCO
KUALA LUMPUR
SHANGHAI
SINGAPORN
SOTRABAYA
SENGET PATANI
TIENTSIS
TSINGTAO YOKOHAMA
CETNET & MOREse opened he Local Curwary and Fiam? Tposite received for one year or aberner pamunde in Local Currency and feeling on terms which will de quoend on application.
Hong Kong, 6th April, 1935.
HONG KONG SAVINGS BANK
FUE THE nên tri AD NHANGHA BANKING CORPORATION..
M.GRAYBURN,
Chart Manager.
Boas Kocs. Fbrary, 1903.
THE BANK OF EAST ASIA, LTD.]
Nadva
Singapore S
Taiping
Perbeda Tongkah
THE CHINA MAIL, FRIDAY, SEPTEMBER 13, 1935
Commerce and Finance
LOCAL TOLLAR
IMPROVES
Silver Prices Rise
LOCAL SHARES
TO-DAY'S QUOTATIONS
NEW YORK STOCK
MARKET
Further Improvement Forecast
CONSTRUCTIVE SIDE STILL FAVOURED
In their market report, Messrs. The following is the list of local S. Levy and Company, Carrer- pondents for Messrs. White Wald The local dollar has advanced/are quotations" issued to-day and Company, New York, state:-i
13, opening on demand this morn-
ing at 2/-
Silver prices, both spot and for- ward, have risen 1, to 293.
The London on New York cross- rate was quoted at 5-US$4933⁄41⁄4. as compared with S-US$4.93%. Lon- while the New York on
cross-rate was quoted at don Foreign Exchange and General Banking business$493, as compared with
Hamburg Brakow Barbis
Hong Svar
Two Toànòxima Zamboangs
Current Account opened and Fixed Deporte S.$4.94. survived for case year or shorter periode et raton
| which will be quoted, an application...
A. BREARLEY.
Manager.
Hong Kong, 1st Jantary, 1935.
THE
EXCHANGES
TO-DAY'S QUOTATION
AMERICAN EXPRESS COMPANY, On London
INC
Head Office:-65, Broadway, New York
Capital
Sarpins
Rezerves
Athens
تاهی و
Colemba
Turmdan
Lucerne
Lis-gal
Lageno
Conheça Dbka
Fainburgh Flerbre Gre
Monte Carlo Mucila
YantryI
Shanghai
Southampton.
Singapore Theoris Farmina
Tanice Tohrham Zurich
Branches of American Express Company in Principal cities of United States of America and Canada
$30,100,000. Authorised -Capital ...
.3 5,50%.RÚN,NO... Paid-up Ca Romero and Codingin Profits 4290.004.GO
HEAD OFFICE-HONG KONG 30. Dre Tous Betal
BOARD OF DIRES:-
Sir Shou-son Chow, Chan.
TUD JUDE. Enque Chan Ching Tirk Engi. La Lan Sang, Eng. Wong Chu bet! Loy, and Een Yar
Ama
Katawa
Imb
Calcetin
Fan Tone To, Esq. "b! Yanneet.
Ter Food Eng. Same.
BEANCHES AND AGEM TE
Cezion
Rapung Hankow
Sam P
mi
New-York
FATIM
Home
Y P
Sobe
Kata
Bontowa London
Francisco
mydory The
Triga
Yokohama
All classes of Commercial Banking Transactions undertaken.
On T and demand 4-months sight
On-demand
On demand
The Company offers to intending Copper cash Tellers the use of its "Travellers Copper cents Chegres" and Letters of Credit and Bate of native interest In addition, the world-wide services Chinese sub. coin Lad its thoroughly equipped Travel
Hong Kong sự. GOI Department,
E. W. DUGGAN,
Manager.
THE WING ON BANK LIMITED.
NEW YORK STOCK EXCHANGE
*September 12. The following quotations were re- ceived by Reuter:--
Banks
H.F. Bank $1,050 b. $1035/40 32 HK. Bank (London) £10$ n Chartered Bank $124 1. Mercantile Bank A. and
50914 n
Mercantile Bank C. #12% n. Bank of East Asia $764 m.
Insurances
Canton Ins: $180 n. Union Ins. $370 b.. China Underwriters $1.10 2. China Fire Ins. $882 n. H.K. Fire Ins. $180 ... International Assce. $4 n.
Shipping
Douglases $36 ==
EK. Steamboats $4 a.. Indo-Chinas (Pre£-), $30 n Indo-Chinas (Def.), $12 n. Shell (Bearer) 69/41⁄2 n. Union Waterboats $11 -
Mining
Antamoks 80 cts:
-Ipc Mining 90 cts. n. Itogons 36 cts. a. Salacots 15 cts, IL -
Kailan Mining Ad. 11/6 n. Langkats (Single) Sh. $14.D. S'hai Exploration Sh$44 z Shai Loans Sh. $5% n Ranhs $7 n.
H.K. and W. Docks-$9 m. Providents, (old) 55 cts. n. Providents (new) 20 cts. Zie Hong Kew Sh. $240 n New Engineering Sh. $4 n. Shanghai Docks Sh $78 n
Cotton Mils
Ewo Cotton Sh:$5.70 n.
TROLLEY BUS
SYSTEM FOR
CANTON CITY
Private Company To
Have Franchise
MUNICIPALITY REPORTED TO BE AGREEABLE
MIDNIGHT SCENE IN CLUB Terrorism Alleged
By Counsel
WOMAN AND TWO MEN CHARGED
London.
Edward W. Hughes, 35, but- cher, Russell-street. Brixton. 1From Our Own Correspondent] Mrs Millie Lewis. 32, of Little
Canton: To-day"
Poulteney-street. W and Harry After several denials, it saton. 32, musician of Great Titchfield-street, W. 1. were
་་
Stocks: Most issues were reactionary to-day, but we re again reported that the Muni- main confident of a further in- cipal Government will grant a charged on remand at Bow- recently Police-court provement in general conditions franchise to a private company street and we still favour the construc-for the operation of a trolley
with committing willful damage Btive side for the long pull bus service linking the import to the extent of £35 at the
Business done: 1,880,000 shares ant parts of the city.
Aloma Club, Little Newport- Each route varies from eight to "Wheat:-Very quiet conditions
street, W.
Mr Canter defended the tro prevailed on the wheat market 12 miles, and the fare will be five to-day. From the statistical cents for lower deck and ten cents
men.
Mr E B. Knight, prosecuting, point of view, purchases on minor for the upper. Electric power will
Total be supplied by the new power said that the three accused fol- sethacks are warranted. sales: Wheat: 30,434,000 bushels station at Sai Chuen, which is belowed a party of people into the
ing installed by a German firms. Corn: 7,257,000 bushels.
club at 11 pm on July 26 20 The franchise will run for "Cotton: In spite of the. fact
They were not members, and that prospects of clearing wea- years, but what consideration is to had no right to be there. but ther conditions are likely to be given for the grant is not stated the proprietress. Mrs. Renee. British and Gerrnan firms Harrison recognised the WO- cause increased hedge sales, we favour purchases
scale-interested in this venture, and bids man, and thought it expedient down as
the outlook regarding for the supply of bases will be to let them all remain. the finished product is brighter.
CT a
tendered.
"Flash: Brokers Loans during The present rapid transit service,
the past week amounted to $903,-is by motor-bases, whose fare is 000,000.
Latest Quotations
Chairs Thrown
a ten cents flat rate. Some of the At about midnight Milton at- present bus routes are only three tempted to strike a coloured to five miles in length. The Muni-man who was leaving the club.
also threw cipal Government believes that it and
a bottle of The following quotations were is more economical to use electric-whisky in his direction.
ity than petrol as fuel for public Mrs. Lewis then said that she received by Beater:--
did not like niggers, and added, Prev. To-day's vehicles.
"Let's break the show up.” She threw a chair towards the proprietress, and it crashed on
close
494 49 AUDITOR'S ANNUAL
N.Y. Cotton'Oct.... 10.50 10.44
11.56
921
NY/London
cross-rate
NY. Rubber. Dec... 1175 Chicago Wheat Dec. 93 Chicago Corn Dec. 57 Montreal Silver Dec. 66.17
65 Silver Official
Dow Jones Averages
56
$6.20
65%
30 Industrials 13401 133.33 58 off. 120 Raïs ... 37.25 36.75 50 off
REPORT
Accounting Methods
Criticised
to the counter, smashing a
of number
Other glasses. chairs were thrown, and Mrs Harrison. becoming alarmed, took refuge in her office.
When she left the club was
The annual report of the Gov-(deserted, and about £35 worth 20 Utilities: 26.71 26.48 23 of ernment Auditor, Mr. P. L. Collis- of damage had been done to a
40 Bonds
96.72 -96.66 - 06. of
| 11 Commodity
·Index ...
53.58 53.23 35 of Business Done:-1,880,000 shares.
son, which has just been issued piano, furniture, and electric contains certain criticisms on the light bulbs and fittings. methods of accounting employed, particularly in regard to the re-
Warrant Obtained
After a warrant had been ob- COMMODITY PRICES demption of the Inscribed Stock
Loans of 1893 and 1906 and thetained Mrs. Harrison met flotation locally of the 31⁄2 per cent. Hughes and Milton by appoint- ment at a public-house ton Another matter specially refer-
money to stop the proceedings. Prev. Yesterday red to was the theft and subse Suggested that she should take Closing Closingquent disposal to a private firm of and Hughes handed her £10.
The police, who had been in- an expensive drug from the Medi- cal Department when at the formed of the appointment quest of the Department, an were present, and arrested Mil- tensive examination of the account-ton. Hughes and Mrs Lewis ing for this particular drug was afterwards gave themselves up the police. Later Hughes conducted by the Auditor's depart-to
again went to the club and handed Mrs. Harrison another
January March
.... 2/- 21%
Credits 4 months" sight - 2/14-
On Shanghai
132
.U.S.$6,000,000.00
On Singapore---
2.183,633.06
$56
870,731.05
On Japan→→
BRANCHES:--
On demand
1697%
Amatenčam Antsorry
Geoca
307an
On India-
Balatoes $18 -
Glasgow
Saples
On TT and demand
1323
Baguio Gold 24 cts. n.
The Bres of the above Bank = conduct ed by the HONG KONG AND SHANGHAT BANKING CORPORATION, Baies may be abteised on plcation.
Baule
Berlin
Bombe
Bernem
F-
Harman Farnberk Here RedeThe Innoriadores -Compas
Pitarc
Pario
On New York-
Benguet Consolidated $12.10
Priping
On-demand
493%
Benguet Exploration 13 cts. Ila
Rotterdamn Forne
Credits 60 days' sight
514
Benguet Goldfeld 10 cts
Cas
On Batavia-
Big Wedge S. cts. n.
やは
On demand
72%
Gold Creek 30 cts. D.
On Paris-
Gold River 7 cts. x.
On demand
747
Credits 4 months' sight...7921⁄2
On Saigon
On demand
74%
On Manila-
On demand
9834
On Bangkok
On demand Sovereigns bank buying rate 2/- Personal investment accounts Bar şiver per oz handled
Bar silver in Hong Kong
9234
Venz; Goldfield $2.30 . ̈ ̈
293%
30TML
Docks, etc.
inom.
par 3% pa 31 dis. par.
HK and K Wharves (new)
$741⁄2 n
HK and K. Wharves (old)·
$75 n
The following quotations have Dollar Loan. been received by Beuter,
New York Cotton:- ¡October
10.50
December
10.55 10.57 10.52
10.44 10.49
10.63
10.56
May
10.69
10.63
Shanghai Cotton fold) ShJuly
10.74
10.63
ment.
Last close
10.20 1100 NY/London 494 493 493 [NY. Cotton
Oct.
10.50 10.46 10.44 May
10.69 10.64 10.53 N.Y. Rubber
Dec. Chic Wheat
$65 (1.
Spot
10.35
10.80.
Shanghai Cotton (new) $40_n. Zoong Sings Sh. $81⁄2 1 Wing On Textiles Sh. $25 1.
Lands, Hotels, etc.
New York Rubber:
September
11.55.
11:38
December
11.75
11.56
HK. and S-Hotel $5.40 &
January
11.82 11.63
1166
11.64
FK Lands $24 z..
March
11.98a
1210b
11.80 11.92
Dec.. May
93 91
93 943
Chic Comm
Dec. May STOCKS:--
J
Shanghai-Lands Sh. $2011⁄2
Chicago Wheats
37
56
Metropolitan Lands Sh. $10
September
575%
Humphreys $32 D
[December
912 921/4
Chief Manager
L. GOCKCHIN 'Asst. Manager
LI SHU FONG
Ass Manager Elec Bond &
Amer Smelting 474- Con Gas of
NY
47
473%
H.K. Realties $4 n.
May
94
9336
Chinese Estates $88
28.
27*4
28
China Realties Shi$4 n
Chicago C
China Debentures Sh.$123. n.
September
771⁄2
7534
Share General Motors-46
135
13%
1334
Public Utilities
December
57
06**
45%
Iat Tell & Tel 114 Loew's Inc
11%
46 11%
May
5+%
6734
41%
44% 45
Winnipeg Wheat:-
Montgomery
Ward
37
36
37
NY. Central
26
20%
26/2
October December
8934
90
Standard Oi
May
921⁄4
NJ. 2 45
44
U.S. Steel
44% 46 46744
New York Sugar:-
September
2.58
2.55
December
2.51
2.49
no
2.06
2.06
2.07
2.07
May
2.12
2:12
| over.
New York Suk:-
September
1.79%
1.80
December
1.70
L.69%
March..
1.69
1.69
Montreal Silver:
September
68.85
December
January
65.95
66.31
66.20 66.00z 66.10 66.60 66.75
Every dewcriptios of Banking and Ex-lanom be traced. Lam created on approved secerities.
Cureat Acousti opraad vis” Laral, Curmere and Fixed Impunity, recover for abe abarter periods in Local and Foreign Curryches on terms which will be quoted on applicaticii
Safe Deponis, zonat
XAN TONG, PG,
Chief Hanage
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- ed.
Current Accounts and Savings Ac counts opened. Fixed Deposits re reived at rates which will be quoted on application. Special rates given
Trusteeship and Executorship wa derzaken. Safe Deposit Boxes for hire.
THE CHIA & SOUTH-SEA BANK, for Special deposits.
LIMITED
(Incorporated in China)
Head Office
Capita!
Reserve
Branches
Fortify
Eachange
Bueinana. Prazmautað...
Shanghai
57,500,000.00
..$1,500,000.00.
All Important Cities! in China
Baxing
| Current sold. Sanne Accounts opened, and Fixed; Depontotted for one year or shorse perioda -
at rates who is will be quited on application.
SOC Z. CHANG,
RONG KONG BRANCH:
Manager.
26. Voeux Road, Central
Manager'a Úlce
Foreign Exchange. Dept.
„General Ofice
Saint
2
37-300
Kaser
THE YOKOHAMA SPECIE BANK
AMITTED.
Established 1880.
Capital (full paid-up) Yen. 100,000,000 Reserve Fund
Yen. 127,450,000
Head OfficeYOKOHAMA
Brantner and Agencies atr
Alexandria
Batavia
Berlin Bombay
Xagasaki
Nagoya New York Osaka Paris
Priping Dairen (Daly) Rangoon
Calcut
Canton
Hamburg
Hankow
Harbin
Fong Kong
Honolulu
Fengthen Makden) Rio de Janeiro
San Francisco
Seattle Semarang Shanghai "Singapore Sourabaya
Sydney Tientam Tokyo
Asinking
Karier
Kobe
London
Los Angeles
Manila
Moj
Painotau
Yingkow
Interest Blowed for Corent
ceived for fixed per rates to be obtained on applic
KISHI
ong Kong, 12th September,
PHILIP GOCKCEIN
THE
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED
(Incorporated in China)
Capital paid up ... $5,000,000,
Reserves
$7,300,000. Capital Savings Dept. $500,000. Reserve Savings Dept. $600,000. Head Office Shanghai
A Bank having as its mission the industrial; development an China and the fostering of ber commercial relations abroad. Hong Kong. Office-i
7, Ice House St. Phone: 3142-2-3
Is It Insured?
Insurance All Classes -LOWEST RATES A
46%
BERLIN SHARE
MARKET
Confident Outlook Continues
**CHINA - MAIL.“ SPECIAL
Berlia, To-day. The confident outlook that pre- vailed on Wednesday continued yesterday, partly because the re ports of the public response to the offer of the Reich Treasury bonds indicates that in all pro- bability the issue will be over subscribed, and partly because of the proclamation of the Fuehrer, taking a hopeful view of the question of the supply of raw TK. Office materials. The turnover was
Asia Life small, but prices were better.
Fixed interest securities were Bailding Tel. 30214 quiet, gold mortgage-bonds and communal loans being neglected. Call money was at 3% to 3% per cent-Trans-Ocean Service.
American Asiatic Underwriters
Fed. Inc., USA.
General Agents
Head Office 17, The Bund
Shanghai
QUALITY PRINTING With Quick Service
The Hong Kong Stock Exchange have received a cable from Messrs. Derrick & Co., Local Secretaries in Singapore of the Raub Australian Gold Mining Co. Ltd., announcing the output for the four weeks ending
September to be 1654 ouECER »
HK Lands 4% Debentures $100 May
H.K. Tramways $11.30 s Peak Trams (old) $51⁄2 3. Peak Trams (new) $5 Star Ferries $784- Yauma Ferries $17.60 n.
C. Light $8.05
HK Electric $52.b. Macao Electrics $20 n. Sandakan Light $9 6. Telephones (old) $1934 8. Telephones (new) $8 s. China Buses Sh.$11 n. Singapore Traction 10/6 n Singapore Pref. 22/6 b.
Industrials
Malabon Sugar $81⁄2 ̈n.
Cald Macy. (Ord) Sh$1924 1. Cald: Mack (Pref), Sh$13 Canton Ices $1.20 1 Cements $2.90 1 HK Roper $2.15 n. Stores, etc. Dairy Farms $1534 3, Watson n.
Lane, Crawford $3 n. Mackintosh $7 2 Sinceres $5 n-
W Powells 70 cfs. n. Wing On (ELK) : $55, B.;
Miscellaneous
Entertainments $4 n.
S. C. Enterprises $1.85.x. Macão "Greyhounds" $2 n. Constructions: (old) $1.10 Constructions (new) 25 eta. Vibra Piling $4′′ Ch. Govt 5% 1925 G$Bds.
90%
prem
HX Gort
alace
4% Loan 6%
%% Loan 2% presi
January
March
March
-
WOMAN'S LETTERS 10, and she had to some ex- tent repaired the damage done.
Prosecutor's Name
Not Disclosed
“BEST 12 YEARS OF MY LIFE
London Mrs Dora E Steele, 51, whose address was given as a post-office in the West End, was summoned at Bow-street Police-court for
"These people." added "Mr. Knight. "were out for violence. and without any provocation smashed up this club. It was an abominable thing to do. This kind of terrorism can only be dealt with in one way.”
Completely Wrecked
evidence.
Mrs. Harrison, in said that the Aloma was not a
sending letters likely to cause registered club, but private bot-
mantle parties were held there.
as
breach of the peace to a whose name was not disclosed.
Miss Fay McPherson, an em- Mr. Eustace Fulton, prosecutployee at the club, said that ing, said that the prosecutor in Miton whom she knew the case formed an association College Harry,” threw a table with Mra. Steele some years ago towards the bandstand, and 9234 and she had been sending him Hughes began smashing the letters demanding money with electric lights. She ran into menaces.
the office and heard the smash- The magistrate said there was ing going on for about five before him for minutes. The place was com- blackmail, and asked Mrs. Steele pletely wrecked.
The hearing was again nd- journed
gummons
if she was willing to be bound
Mrs. Steele: I quite agree, but Tfeel that this man has had the best 12 years of my life.
Bound Over
REICHSMARK QUOTATIONS
The magistrate bound Mrs. Steele over in her own recognis- Berlin, Today Reichsmark ances of
525 to keep the peace quotations (without - guarantee) Jare: New York, 40.25, Paris, 610; for 12 monthswath
Shortly after the termination Amsterdam 69.555; and London, of the case Mrs. Steele returned 12.295. The Paris sterling quo to court, and it was stated that tation is 74-9, and the dollar, 15.- she had refused to be bound over. 1756 Trans Ocean Service,
“This man is a married man,"
RAW RUBBER PRICES she told the magistrate "Be
Latest Quotations From
Singapore
sent a solicitor to buy my letters
from me and I thought I had given them all to him, but I found I had not. There was no blackmail. 77
Messrs. H. B. Joseph & Co. have The magistrate ordered. Mrs. received the following Straits Cur-Steele to be bound over, whether [rency quotations from Singapore she consented or not.
for Raw Rubber
Spot 18 down b. 18 s The Hong Kong Stock Exchange October/December 18% down) have received the following cable to
day from Messrse:«Derrick & Co., b 19 B January/March (1936) 19% lccal Secretaries of the Baub Aus Moda kreslian Gold Mining Co., Ltd., Stiga- ending 31st: ~ March down pore. First interim dividend 14.
1936
able: on 30th.
Apri
19 £
936) 20
per
ATA
Jerome
Keen's
dazzling musicali stape bit, screen="
ed in splendor!
TAR