BANKS
HONG KONG AND SHANGHAI. BANKING CORPORATION
Authorised Capital
Issued and Fally Paid-up
Reserve Funds-
Sterling
6,500,000
Silver
0,000,000
Reserve Liability of Pro-
prietors
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
$50,000,000
20,000,000 Incorporated by Royal Charter, 1855.
HEAD OFFICE HONG, XONG.
BOARD OF DIRECTORS
E. Doc Esq.
Chairman.
C. Abt. Enq
Deputy Chairm
T. X. Graybara. Eng.
Chiad Manager
HEAD OFFICE: LONDON
Paid-up Capital
20,000,000
Reserve Fund
53.000.000 £3,000,000
Reserve Liability of, Pro-
prietors
$3,000,000
Agencies and Branches:
Vor Eter
Rangoon
Asarituar
Ipok
Bangkok
Kang
Bombay.
Calmesta
Xabe -Kuala
Shangai Singapore
Cate
Levenpor
Cawupore
wwwerabaya.
Caba
Xatras
Taiping
Colombo
Xenila
Medan
Frosted
Haiphong
New York
(Bhone)
Hamburg
Pipine
Tsingtao
Renkow
(Peking)
Takebeta
Farble
Zamboanga
Hoor EDGE
W. H. Bell, Esq. K. S. Marrison Es
A. H. Compton Esq.
M. T. Johnson, E3 Hon. Mr. J. J. Paterson,
G: Miskin, Esq. T. E Pearce, Esq.
AMOT
BANGKOK
BATAVIA BOMBAT
CALLUITA
CANTON
CHEFOO
CN.GMBO
DAIKEN
PREOW
HAIPHONG
HAYBURG
HANKOW
FARRIX
HONGEFT
TLOILO
IMOR
JORORE
KORE
KOBLOK
BRANCHER—
LONDON
LIONS
MALACCA
MANILA
MTAR (Lobor)
MITADEN
NEW YORK
PELPING
PENANG
RANDOOS
SAIGON
Penang
and
Commerce
Finance
LOCAL DOLLAR STEADY
Silver Prices Rise
The local dollar is steady. opening on demand this morning at 2/0
Both "spot" and "forward" silver prices. however, advanced 1/16 to 29-35/16.
The London on New York cross- rate was quoted at £-US$4.917, as compared with £-US$4.91%. while the New York, on
cross-rate was quoted Cautral Accounts opened and and Depot US$491%, as compared with
}£—US$4.911⁄2-
Formen Exchange sad General Banking bustness trusancted.
racufved for one year or skorter perioda si rados which will be quoted on application.
A. BREARLEY.
Manager
Hong Kong, 1st January, 1995.
STALA LUMPUR
SAN FRANCISCO
SHANGHAI
SINGAPORE
SOURABAYA
SUNGE FATANI
TIENTSIX
TOKYO
...STNOTAO
TOKOHAMA
Current s'oprord to Local Currency and Frend ngenaire storived for our gear, or «borser. periarla in Lees! Curreery and Sterling. afuta whimsh will be quoted on applicat Hong Kong. 6th April, 1935.
HONG KONG SAVINGS BANK
The Best of the above Bank in condues od by the HUNG KONG AND SHANGHAI BANKING CORPORATION, Balen may b ablazeć od prication
* FUE TIN HÀNG LONG AND KHANG BANKING CORPORATION
旷
THE
d
Lon-
at
SHARE MARKET
H.K. Stock Exchange Official
AMERICAN EXPRESS COMPANY. Summary issued at 1230 pm
INC
Head Office: 65, Broadway, New York
_U_S_$6,000,000,00 2,189,633.06 870.731.05
Capital
Surplus
Reserves
"BRANCHES:-
Armeerdam
Milan **
Naples
· Antwerp
Atheros
Bale
Berlia
Bocobay
Bretzen
Brosnala
Cairo
Chief Manager."
V. GRAYBEEN,
Hong Kong. et. February, 1955.
THE BANK OF EAST ASIA, LTD.
Authorised Capital Paid-up Capital
$30,000,800.00 --internetan⇓ 5,506,800,00 Remarie and Undivadiva Prod 2,480,000.00
HEAD OFFICE: HONG KONG 10, De Vex Road Central
BOARD OF DIRECTORS:-
bie Shou-se Chow, Chu. Jan
Li Koon Chus, Fac. P. I. Ewok, Esq. Wong Ten Tons. Eng. Chan Ching Shak, Em Li Lao Fang. Eng Wang Cha Son. Eng. sad. Ean Ying Po, Zag.
Batavia
Bota
Tan Tong To. Em.. Chief Managır. Li Im Fang. Engu. Stacager.
BRANCHES AND AGENCIES —
Calcutta
· Caschenz
Haiphong
Lobe
Kowloo
Manila
Melbourne
Sevill
Nagunaki
New York
Shengba Singapor
Osale
Sourabaya
Par
Swadow
Saigyn
bydney
Taiboks
Tientsin
Tokyo
Vancouver Tokohama
Calcutta Consen Colombo Copenhagen Dukde Edinburgh POPNICE Genera
Grat "Ginagow
The Hague
Harm Hamburg
Faidai Dery
De Juronaless
London Liverpow LUNOPENE Lucan
Leer
Marsonies.
Monte Carlo Man Munich Montrea
PITTUR Paris
Priping
Rotterdam Roc
Fanghai
Southampton
Singapore
Tentair
Tecumina
FRCOA
Venice
Tokohama Zurich
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.
accounts
to-day-
The market continues steady little business passing. with Unions were booked at $375 and Electrics at $5234 ex-div.
Banks of East Asia $60. sa Union Insurances $570 br $375
Benguet Consolidated $11 s Langkats (Single) Sh.13 s.. Hotels $10 b.
A
b.
H.K. Lands $23 - $23 sa. HK Trams $10 b. $10.85 sa- China Lights. $7.85 b. Electrics (ex. Div.) $521⁄4 $53 ́s $52/5233-sa. Telephones (old) $18 b. Telephones (new) $6 b Cements $3 b. H.K. Ropes $2 s.
Gort 34% Loan-15% Prem. b.
EXCHANGES
TO-DAY'S QUOTATION
The Company offers to intending Travellers the use of its “Travellers On London-- Cheques" and Letters of Crédit and,
in addition, the world-wide, services of its thoroughly equipped Travel Department
E. W. DUGGAN.
On demand
LOCAL SHARES
TO-DAY'S QUOTATIONS
Banks
NEW YORK STOCK MARKET
Market Somewhat Steadier
BUT RALLYING POWER LIMITED
In their market report, Messrs.
DEVELOPMENT OF KWANGTUNG
Second Three-Year Plan Envisaged
GREAT PROGRESS ALREADY MANIFEST
NEW ADVERTISEMENTS
HONG KONG ST ANDREW'S SOCIETY
THE
GENERAL
ANNTIAL MEETING of the shove Society will be held in the Board Rocm, Messrs. Jardine: Matheson & Co. Ltd, on FRIDAY, 27th con-September, 1985, at 5.45 pm, for
Canton.. to-day.
now
The Government is
etc.
The following is the list of ocals E. Levy and Company, corres-templating the drawing up of the purposes of receiving the share quotations issued to-day
pondents for Messrs White Weld second gigantic plan for the deve Annual Report and Statement of and Company, New York, state-lopment of Kwangtung. The first Accounts for the year ended 31st and of electing "Stocks: More re-assuring news Three-Year Plan was adopted first August, 1935 dispatches from Europe over the in 1983 and will conclude by the ice-bearers for the ensuing year, week-end served to steady the mar-end of this year. During the past kets to-day, but any intensification three years big strides of progress of the Italo-Abyssinian crisis have been made in all «districts- would again put prices to the test such as the erecting of factories of last week's low levels. Mean-and mills, the opening up of mines while, rallying power is doubtless-and the establishment of public y limited. Business done: 1010.- hospitals and houses for the poor COMMITTEE OF FIVE'S
HF. Bank $1,010 1: HK Bank (London) £104:11. Chartered Bank £3** ** Mercantile Bank A. and
52934 m2
Meccantile Bank C. £13 1. Bank of East Asia. 176.82,"
Insurances Canton Ins. $180 n. Unifon Ins $370 h.. $375 38. China Underwriters $L10`x. China Fire Ins. $382 n.“ HAR Fire Lins. $180 n. International Assce. $4. n.
... Shipping
Douglases $36
FK Steamboats $4 m. Indo-Chinas (Pre£.), $30 n. Indo-Chinas (Def), $12 m Shell (Bearer) 68/1 Union Waterboats $11.
Mining
Antamoks 78 cts n Balatoes'$14 m. ^ Baguio Gold 24 cts. n. Benguet Consolidated $111⁄2 S Benguet Exploration 13 cts: 11. Benguet Goldfield 10 cts-n Big Wedge 8 cts. a
Gold Creek 30 cts. n. Gold River 7 cts. n. Ipa Mining 90 cta. u. Itogons 364 cha I Salacots 15 cts. n. Kailan Mining Ad. 11/- n. Langkats (Single) Sh$13 s. S'hai Exploration Sh$41⁄2 7. Shai Loans Sh. $51⁄4 *. Ranbs $74-Do
Venz; Goldfield $2.30 1
Docks, etc;
000 shares.
etc
EM BRYDEN, D. S. BORE.
Joint Hon. Secretaries.
PROPOSALS
"Wheat: Moderate hedge sales ́ ́A_detailed report concerning" "the) Jon the Chicago Exchange were results of reconstruction will be well taken." The supply position is made by all. the magistrates and bullish and we expect some tech-the Commissioners of the Pacifica- nical and corrective setbacks. The tion Districts; and, based upon Abyssinia, and the two Govern-
(Continued on Page 11) Latest Quotations
(Continued from Page 9.)
trend appears to be upward. these reports the second Three-ments would therefore welcome- Total sales: 22,847,000 bushels Year Plan will be carefully shaped the conclusion of an economic
It is learned that the second agreement, between Italy Comm: 3,625,000 bushels.
and Plan will lay stress on promoting] Abyssimia, provided such agree="
education, relieving thement respected the rights of their encouraging nationals or those granted to Eng. etc-Centrall land and France by existing
treaties.
mess
farming
The following quotations were small received by Renters
villages, industries,
IMPORTANT CONVERSATIONS
Geneva: Two important con="
BERLIN SHARE versations took place yesterday
Press
Prev. To-day's
-lose
XY/London
cross-rate
491
NI. Cotton Oct... 10.45 10.48 11.62 MY Rubber Dec. 11.65 Chicago Wheat Dec. 991⁄4 98%% Chicago Corn Dec. Montreal Silver Dec. 66.75 Silver. Oficial ........... 65%%
Dow Jones Averages
38%
66.80
38%
$59
30 Industrials 128.78 129.55 277 up 20 Kails... 35.07 35.23 16 up
20 Utilities
4Q Bonds
11 Commodity
24.51 24.86 35 vp
9615 Hà 20 tỷ
Index
55.24 - 55.18 .06 I Business Doze:-1,010,000 shares.
COMMODITY PRICES
MARKET
Continued Sag. In Prices
**CHINA MAIL" SPECIAL
Berlin, To-day-
was
afternoon in connection with the Abyssinian problem. The Italian delegate, Baron Aloisi, conferred for an hour with the chairman of the Committee of Five, Senor de Madariaga, who informed the re- presentative of the Duce of the opinions expressed by the various
After Saturday's partial remembers of the Committee in the course of yesterday's sitting, and covery the share market again weaker yesterday, under also concerning the further pro- the influence of the more pessi-cedure to be followed. mistic news from Geneva Al- Mr. Anthony Eden paid a visit though prices were inclined to to M. Laval, with whom he stayed sag oa the whole, some stocks closeted for an hour.
It is anderstood that England The following quotations have improved slightly in response to
intends to induce the League buying orders. Call money was at
Council · to refer the Italo- Prev. Yesterday 3 per cent-Trans-Ocean Service
Abyssinian issue to the League Closing Closing
Assembly.
HK and K Wharves (old) been received by Reuter.
$74 n
HK and K Wharves (Dew)
Cotton Mills
Ewo Cotton Shu 3630 n Shanghe Cotton
+
Shanghai Cotton (new): $60
$65.
REICHSMARK QUOTATIONS
HOSPITAL SHIP FOR CORFU Athens: A British naval squad- Berlin. To-day. Reichsmark ron consisting of 15 units will quotations" (without guarantee) arrive at Corfu to-morrow, accord- yesterday were: New York, 40.24; ing to despatches received here, Paris, 610; Amsterdam, 59.4; and and will remain at anchor before London, 12.22. The Paris sterling the island until October 10, pro- quotation was 7476, and the doFvided no unforseen circumstances lar, 151825.-Trans-Ocean Ser- arise Ivice
PRODUCTION OF
FUEL ALCOHOL
Found Suitable For
Government Use
The despatches state that the squadron will be accom-- panied by a hospital-ship, this being the first time since the Great War that a hospital ship has pat to Bea
SENEGAL SHARPSHOOTERS › Paris: A battalion of Seneral sharpshooters, composed of 800 volunteers and destined to rein- forces the garrison at Djibouti in French Somaliland left Toulon yesterday and will embark at The establishment of the Fuel Marseilles to-morrow. Trans- Factory has been completed and Ocean Service.
$TZ AL
On T.T. and demand
2/-/
4 months' sight
2/34
FK and W. Docks $9 1. Providents (old) 55.cts. 1. Providents (new) 20 ets. ne
New York Cotton:-- October
December
January
Credits 4 months" sight ..
2/13
Hong Kew Sh. $240 m.
March
Manager On Shanghai...
New Engineering Sh. #4 n.
May
Shanghai Docks Sh.$78 n.
July
121
Spot
10.80
10.46 10.48 10.51 10.55 10.57 10.59 10.64 10.64 10.71 10.70 10.76
10.45 10.85
New York Rubber-
On Singapore--
On demand
On demand
8534
1714
(old)
S., September
11.43
11.41
December
"11.66 11.62
On India.
On T.T. and demand
133
Zoong Sings Sh. $14 n. Wing On Textiles Sh. $25 n Lands, Hotels, etc.
January March
1174 11.68
11.88b
1185
May
12.04a
12.00a
Chicago Wheat:
On New York
On demand
193
Credits 60 days' sight.
51
HK and S. Hotel $310 b. H.K. Lands $2374 b., 523 sa HK. Lands 4% Debestures $100
September
98
96%
December
99
983%
May
99%
9834
Chicago Cora
On demand
7234
On Paris——
Shanghai Lands Sh. 12041⁄2 z. Metropolitan Lands Sh. $10 ́n.
September
$1%
814
December
58%
58%
On demand.
750
Credits 4 months" sight
Saigon
Humphreys $12
May
58%
53%
795
HK Realties $41.
Winnipeg Wheat:
Chinese Estates $88 n.
October
94.
934
On demand
7434
China Realties Sh. 4 n.
December
944
93%
bas formally started functioning:
China Debentures Sha123 11.
May
9824
97
9834
Public Utiliti
On demand
9214
HK. Tramways $103 D., $10.85
|New York Sugar:----
September December
2.49
2.52
·2.53*
The alcohol produced has proved to be both cheap and excellent fuck for automobiles. The Provincial Government has ordered all its de
Peak Trams (old) $51⁄2 z Peak Trams (new) $5 n
January March
2.13
2.14
2:15
2.15
May
219.00
219
Star Ferries $78 n.
partments to purchase this alcohol Z gone .. for use in their own, cars, Central Fress-
Everything
BUT YOUR
SAVINGS
July
2:24
Copper cents
| New York Sik:-
September
*186
1.952
December
March
174
1.81
Montreal Silver:
September
66.70
December
66.67 66.80
Canton, to-day-
Y
Paising
Penang-
Rangoon
San Francisco
Every description of Banking and Exebangs www.cess transacted. Lose granted on approved.
equities.
Current Acconta opened in Local Currency one year or and Fixed Deporte received. for shorter periods in Local and Foreign Currencies a terme, which_wil be quoted on application.
Ba's Deposit Boxes To Let
TAN TONGO,
Chief Massger.
THE CHINA & SOUTH SEA BANK,
LIMITED
(Incorporated in China) Head Office Shanghai
Capitzl
Reserve
Branches
Foreign
$7,500,000.00 ...$1,500,000,00
THE WING ON BANK On Japan-
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-
ed.
hire.
On Batavia--
On Manila-
On demand.
Camrent Accounts and Savings Ac- counts opened. Fixed Deposits re ceived at rates which will be quoted on application. Special rates given On for Special deposits.
Trusteeship and Executorship dertaken Safe Deposit Boxes for
PHILIP GOCKCHIN. Chief Managem L. GOCKCHIN- LI SHU FONG Sovereigns bank buying rate..2/1 Backing Asst. Manager
Asst Manager Bar silver per oz.
29-5/16 Bar silver in Hong Kong Copper cash
.All Important Cities!
in China
and General Exchang Carver and Saving Account oproed and Fixed. Deposita revived for con year or shorter periode
́es "rates, which will be quoted on application.
SOU Z CHANG
BONG KONG BRANCH:
Manager.
Tel. 356 BESON
24. Des Toruz Boad, Central,
Manager's Offer
General Q50%
Foreign Exchange Dept.
Ombier's Of
THE YOKOHAMA SPECIE BANK
UIMITED.
Established 1880
Capital (full paid-up) Tem 100,000,000 Beserve Fund Yen. 127,450,000)
Head Office: YOKOHAMA
Branches and Azencies at:
Alexandria Bataviz
Berlin
Bombay
Calcutta
Canton
Naguyas
**** Nagasaki
New York
Osaka,
Faria
Peiping
THE
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China)
Capital paid up
$5,000,000, $7,300,000.
Reserves Capital Savings Dept. $500,000. Reserve Savings Dept. $600,000.
Herd-Offer . Shrägħal 20
"A' Bank having as-its-trission the industrial development 01
China and the fostering of her commercial relations, shread Hong Kong Offres
7, Ice-House St. Phone 21453-2-3
Dairen (Dalny) Rangoon
Fengtien Mukden) Rio de Janeiro
Hamburg
San Francisco.
Is It Insured?
Hankow
Harbin
Seattle
Semarang.
Wentzin
Tokyo
Painotan
On Bangkok--
Eate of native interest
Chinese Sub Coin Hong Kong ma con
par.
3% pa 31% dis par.
NEW YORK STOCK EXCHANGE
September 24 The following quotations were re- peived by Reuter:—
**: May"
Last close 10.20 17:00 4,91% -4.91 4.91
10.46 10.49 $10.49
10.71.10.71 10:21)
1166 EL.60 11:60
Yazmati Ferries $17 n. C. Light $7.85 b
HK. Electric $2 b. $53
$5245/5234 sa ex div. Macao Electrics $20 -a, Sandakan Light 13.a. Telephones (old) $18 b. Telephones (new) $81⁄2 'n. China Buses Sh‡113⁄41⁄4 n. Singapore Traction 10/6 n. Singapore Pref. 22/6 n..
Industrials
Malabon Sugar 381⁄2 2. Cald Macg" (Ord) Sh 1932 n Cald: Marg. (Pref.), Sh. 18 n. Canton Ices $1,80 mi Cements $3 b. HK Hopes $28.
Stores, etc Dairy Farme#T Watson $8.
Lane, Carlord 38 Mackintosh 37a Sinceres $5.
W Powell's 70 chi, n. Wag On (EK.
NY/London NY. Cotton
Oc
N.T. Rubberé
Dec. Chic Wheat
Dec
992 99%***
Chic Comm
Dec 5% 58% Bisy STOCKS:
58%
58%
58%
Amer, Smelting 47%
Anaconda
4 Copper
20%
20%
derwriters
Con Gas
$26%2
$110
Elee Bend de
Share
General Motors 44
Vibro
Int Tel & Tel
Loew's Lic
Montgomery
Fong Kong
Honolulu
Asinking
Karachi
Robes
Londen
Los Angeles
Manila
Shanghai
Singapore Sonrabaya
Sydney
Tingkow
*Interest" milowed for:
Deposits received
stes to be obtaine
Hong Kong, 12th Sept
Americen
Fed. Iac, USA::
General Agents
Head Office
Current Ac
Jasary March
1.74% 1812 RAW RUBBER PRICES
66.802 ·66.701 67.25 67.05
WAY TO ECONOMIC RECOVERY
Trade Barriers Must Be Removed
London, To-day." Speaking in the second Com- mission of the League Assembly yesterday, Dr. Leslie Burgin:|: Parliamentary Secretary to the Board of Trade, expressed the view that the local and limited signs of economic recovery which had taken place so far could only be made general by freeing the channels of international trade, and that
tish Govern- ny step
Latest Quotations From Singapore
Messin. H. B. Joseph & Co. have received the following Straits Car rency quotations from Singapore for Raw Rabber:-
Spot 18% Down 1⁄2 by 18% October-December 19 Down
b 1948
January-March (1936) 19%
Down % 19% 3- April-June (1936) 20% Down
2 b 20% B Market Uncertain
SILK WEAVING IN KWANGTUNG
Government Factory To Be Extended
Canton, To-day. The Kwangtang Spinning and
ing Mill, owing to the con
growing demand by the arket for its silk goods, has OF red additional supply of a
of nev
ployees
the
RENT
FOOD
CLOTHING
HEAT
TAXES
WATER
CHITS
SAVINGS
SAVE, SOMETHING
START NOW UNDERWRITERS SAVINGS BANK FOR THE FAR EAST,
INC