BANKS
HONG KONG AND SHANGHAI
"BANKING CORPORATION
Authorised Cavitať".
$50,000,000
THE CHARTERED-BANK OF INDIA, AUSTRALIA & CHINA.
Issued and Fally Paid-up 20,000,000 Incorporated by Royal Charter, 1855, Reserve Funds
Sterling 8. $500,000 Silver .... $ 0,000.000 : Reserve Liability of Pro-
prietors
XEMD QYPICE HONG TONG
BOARD OF DIRECTORS. SE Dorset, Eng.
Chairman
C. C. Iniebt. Eig.
Deputy Chairman.
T. 3C Gnybern. Eng.
Chief Mazwer
HEAD OFFICE: LONDON ~ Paid-u Canital 20,000,000 Reserve Fund
Reserve Liability of Pro
prietors
LES,000,000 $3,000,000
000,009)
Agencies and · Branches:
Vor Eter
Took
Ranrkok
Kamobl
Pusteria Morebay.
Pulange
Крат Knabe
Canon
Siskowan
Cawnpore
Ceba
Colombo
Vie
Thi
Raishone
Sew Tort Punimur
Tuitzo
W. H. Bell, Esq. K. S. Morrison Esq.
A. H. Compton Exqu
M. T. Johnson, Ex
Hon. Mr.*7. J. Paterson,
G. Miskin, Esq. T. E. Pearce, Esq,
BRANCHES
AXOT
BANGKOK
LONDON ZMXS
PATAITA
ROWDAY"
CANTON
COLOMBO,
DAIREN
FF 4 TIMERS WED
TAMEPRE
En
ĦARBIK
WOWKER
STORA
THOR
TOFORE
· KORS
KOEL MIX
MALACCA
MANILA
**MTAR Cobory).
VTRORS
NEW YORK
PEITING
YESANG
KANGOON
SAMOS
SAY FRANCISCUI
XTALA LUMPUR
SPANERAI
STY & PORK ·
SOPRANATA
<PYGTI PATANI..
TESTS
· TYLEEN
TETNETAD
TOKOHAMA
Chamant anno commed' in Local: CurrenIT mardr
and Fire site waived: for ce shorter perinde în Ieral Cremoney and Stretine ich with her master? on menlication.
Hong Kong. 6th April. 1935.
HONG KONG SAVINGS BANK
The Bovies of the alerta Pankin randwet
að be the HONG KONG AND SHANGHAI BANKING CORPORATION,
chulmed on opplingtion.
Calcutie
Fambarg Husbow Harbin Hang Kong
*FREE* Fremier Barsbangs and General Banklar hastases Current Accrete opened and Find Depo mervised the one year or shorter periode së mim which will be quoted on topõestion.
A. BREARLEY, -
Manager. Hong Kong, 1st January, 1995.`
TAR
THE CHINA MAIL, THURSDAY
Commerce and Finance
NEW YORK STOCK MARKET
War News Holds The Limelight
POSSIBLY ADVANCES FORESEEN
In their market report, Messrs. S. EL Jay and Company, corres- pondents for Messrs. White Weld and Company, New York, state:—
"Stocks: The markets were firmer to-day. War news con- tinnes to hold, the limelight and any re-assuring developments advance. would cause prices to Business done: 1,090,000 shares. [= "Wheat: There is less stimulus from war news, which is causing same liquidation. A moderate short position appears to be deve
AMERICAN EXPRESS COMPANY, loping We think that the strong
INC.
Head Offer: 165, Broadway, New York
Capital Surplus Reserves
Avsterdain Annorary
Athear
Juvent
US$6,000,000,00 2,188,193.06 800.233.05
BRANCHESS
Pularme
aps or Fingrin
ਆਧ
Sapler
Roles: may do
Pumay
·FENTER
Hamborg Harry Pride Berg
fabro
・Tandina
sieutba
Ziveronok
Camera:
Criseks
el Chist Manager.
Hear Long. 5+b February 10
Commbague. Dublin
Tarthith Vanne
Vienna Caries -Tominu
Florence Genes
Trinkara Zurich
FOR THE MA KONG IND SHANGHAI BANKING CORPORATION..
T. I GRATEDEX,
Kenetharschon Singabong
[cash situation wärrants purchases for fair profits. Total sales: 25,818,000 bushels Corn: 4.172- |000 bushels.
"Copper: A good demand for consumption, both here and abroad, continues and the fundamental position is steadily gaining
strength. We would favour pur- chases at around the present levels.
"Silk: "Prost-taking - sales are supplying demand. The market still looks irregularly higher.
“Flash: Average daily petroleums production for the week ending September 21 was estimated - at 2,775,000 barrels, against 2,750,000 The barrels the previous week, Edison Electric Institute: esti- Branches of American Express mates weekly electricity produc-|
THE BANK OF EAST ASIA, LTD. Compact in Principal cities of United tion. at 1,852,000,000 kwh, an
Authorised· Capital
Paidwy Capital: sammen.
Reserve and Undivided Profeu ummā 2,480,000,00
HEAD OFFICE:—RANI ROKG
10. De Your Road: Central
BOARD OF DIRECTORS
Size Show-son Chów, Cani man,
24 Kami Chen, Ero, P. I Iwak_TAG___ Wout The Tons. Eat.. Chan Ching Thek. Een, Li Las Sang, Eng Wong Can Ron. Erg, and an Ting P. Zag
AMOT
Kan Tune To Ragu Shipt Mannae. Li Tao Tanz. Esq. Masse".
BRANCHEN AND AGENCIES 200
Garba Haiphong
Manda
Seattle
Semarang
Batsvis
Herber
Nataci
Shanghai
Coleusta
Kew York
Singapore
Fonrabaja
Preis)
Fereton
Talboks Thi
Takyo
Tamron For
· Haukow
Howelche
Lobe
"London
Priping
Panne
Rangoon
"Falern:"
San Francisc
Berg, Baseliption of Beaking, and: Exchange business("transected. Lovos gesisted an approved securities.
Currat, kerointi" opened In Local · Currency and. Fixed Deposita Penziwel · for one year1 OF aborter periods in Land and Foreign Companies ww termin, which will be anoted on applicatica
Safe Deposit Bone To Lam_"*
· KAN "TYYNG - 20.
Hi Chief Maongre
States of Ameries' and Canada.
increase of 13.5 per cent. over the] All classes of Commercial Banking corresponding period of last year.” Transactions undertaken.
Personal
handled.
investment-
accounts
Latest Quotations
The Commany ofere to intending The following quotations were Travellers the use of its “Travellers received by Reuter:- Cheques" and Letters of Credit and
in addition, the world-wide services
of its thoroughly equipped Travel N.Y/London Department
E. W. DUGGAN
LOCAL SHARES
TO-DAY'S QUOTATIONS
The following is the list of "ocal share quotations issued to-days.
Banks
HK Bank $1,010 b.. H.K. Bank (London) £105 Chartered Bank $18 n; Mercantile Bank A. and
Meccantile Bank C. fts 1 Bank of East Asia $76 n.
2- Insurance Canton Fins. $180) ILA Union Ins, $375 b. “China "Underwriters: $1:10 **- China, Fire Ins. $382n
HK Fire Ing: $180 n. International: Assce”-$£ n.
Shipping
Douglases $36. HK. Steamboats $4 n. Indo-Chinas (Pref), $90 m. Indo-Chinas (Def), $12. Shell (Bearer) 70/- Union Waterboats $111⁄4 n.
Mining
Autamaks. 78 cts. n. Balatoes $14 the
Baguio Gold 24 cts, n.
Benguet Consolidated $113.
Benguet Exploration 13 cts. D. Benguet Goldfield 10 ets 22.
Big Wedge Sheta. De - Geld Creek 30 cts, n
Gold Riye: 7 CES: 1. Ipo Mining 90 čtu. n. Itogons. 36% ct a Salacots 16 ctx. xi. Kailan Mizing Ad. 11/- x.. Langkals (Single) Sh.$13 n. Shai Exploration Sh.$471⁄2 n. S'hai Loans Shi 154. a Baube $71⁄4 n.. Venz; Gakifield $2:30 n.
Decks, etc. HK. and K Wharves
$74 1
HK and K Wharves
Prev. To-day's
lose closu
$72
4:9344-82
THE WING ON BANK Montreal Silver Dec. 66.65
LIMITED.
¡N.T. Cotton Oct... 10.58 10.52 Manser. Rubber Dec. 12101192
[Chicīgo" Wheat Dec. 98% 981 Chicago Corn Dec. 581% - ST
66.76 Säver Oficial................... 65% 65-
Dow Jones Averages 130 Industrials 131.02 131:52.50 up
20 Rails 20 Utilities
Bead Office: Hong Kong 26. Der Vomix Raved: ContraŤ. Authorised Cavital $10.006,000 LONDON BANKERS:—— Westminster Band. Ltd. Foreign Exchange and every dana eriötion of banking business transact- ed.
+
Current Accounts, and Savings Ae-
·ports · ODEsed. Fixed Denosits re ceived at rates which will be quoted 'm suplication.o Special rites given
THE CHINA SOUTH SEA BANK for Special deposits.
LIMITED
vorporated in China) Head Office. ..Shanghai:
Capitel...
Reserve
Branches
Tavian
* $7,500,000.00
..$1,500,000.00
-All Important Cities:
in China
change (sad : Geomoć | Banking
"Bastnom trapontada.
·;
Comment and Seving. Accounts, menet and Flard "Depozite renaised for one weer ze skoring perioda
strains, which will, be, quëtel.en sooliestien.
"SOU Z. CHANG,
„Masseur.
HONG KONG BRANCHE
K. Der Torax Bowd; Central;
Foreign Fachange', Dept. General Offer
Carbier's Or
-TeŁ STUKS
THE YOKOHAMA SPECIE BANK
LIMITED.
Established 1880-
Capital (*-li wald-up) Meri. 100,000 NOR Reserve Fund...... Yen, 127,450,000
- Head Office>--YOKOHAMA
Branzies and A rencies atz
Nagasaki Narova
Alexandria
Rat via
Berit
"Rombar
Calcutta
Canton
Dairen (Dan)
New York
Osaka
*Paris:
Printre
PATROON
San Francisco
Teneben (Mukden). Rio de Janeiro
Hamburg
Hankow
-Farbin
Fong Kong
Tainking
Karachi
Robe
Fondan
Los Angeles
Manila
Meit
Seattle. Semarang
Shanghai Singanore Sourabaya Sudner Teatsin Tokyo...
Tierkow
Interest allowed for Curent, Ae-
Counts..?
Deposits received for fred peri
trates to be
Trusteeship and Executorship...un- Aartsken Safe Deposit Boxes Zor hire.
PHILIP. COCKCHIN Chief Manarer
1. GOCKCHTIN Asst. Manager
JA SHIT FONG Asst. Manager
THE SHANGHAI COMMERCIAL
SAVINGS BANK LIMITED (Incorporated in China)
Capital paid up ..... $5,000,000,
Reserves
$7,300,000. Capital Sayings Dept. $500,000.. Reserve Savings Dept. $800,000.¦ Head-Office—Shanghai-
A Bank having as its mission the industrial development ⠀ oz China and the fostering of her commercial relations abroad. Hong Kong Office
7, Ice House. St. Phone 31431-2-3
Is It Insured?
LOW
LATES
American As
Fed. Inc
General Agents"
Head Ofice
17, The Band-
Shanghai.
HK. Office
Building #Tel. 30234
Printles
ABLE
PICES
40 Bonds
-35.17· 35.45 28 op 25.255.25.35 10 up 96.47 96.5306 up
11 Commodity
Index
55.37 55.23 14 off Business Done: 1,090,000 shares.
BERLIN SHARE MARKET
WEAK TENDENCY DISPLAYED
** CHINA. MAIL" SPECIAL
Berlin, To-day." The share market was weak yesterday, with no specific trend. Odd lots of stock were offered to
the public, but there were few takers, the uncertainty about the international political situation causing extreme caution. Price changes were, however, mostly not great.
Fixed interest securities con- Itinued to decline, gold mortgage bonds being particularly weak. Call money was at 3 per cent → Trans-Ocean Service
REICHSMARK QUOTATIONS
Reichsmark Berlin, To-day. quotations. (Wifhout”.... guarantee) yesterday were: New York, 40.23; Paris, 610, Amsterdam, 59.765; and London, 12.2425, The Paris sterling quotation was 74.9, and the dollar, 15.18. Trans-Ocenzi Service.
B.
~(old)
(new)
HK, and W. Docks 39 n. Providents. (old) 55 cts. 1. Providents. (new) 20 cia n. Hong-Kew Sh. $240 m.-* --New Engineering Sh. $4 n.
Shanghai Docks Sh.$78 2.
Cotton Mills by Ewo Cotton Sh. $6.30 a Shanghai Cotton (old)
$65
HK and & Hotel $310 ́b. HK Lands $235 bi
NEW
FRONTIER CLOSED BY ADVERTISEMENTS
ABYSSINIAN GOVT.
{Continued from "Page 1) *
THE HONG KONG JOCKET
CLUB
RAFT & PROGRAMMES ® and
DENTRY FORMS for the
again to-morrow.
TEN DAYS GRACE BRIEF LULL LIKELY
Paris: On the eve of the Coun-NINTH EXTRA RACE MEET- Geneva: A brief lull is likely el meeting France is still hoping ING to be held on THURS while the Committee of Thirteen, that a fresh chance for concilia-DAY, 10th October, and SATUR- namely, the Council less Italy, dis-tion will occur before any DAY, 19th October, 1985 (wen=" cuss the reports and recommenda-sanctions are applied. Well-in-ther permitting) may be obtained tions to be made under Article formed French observers estimate at the Secretary's Qfice, Glouces- XV. Every effort is to be made at least 10 days" grace in which to ter Building, the Club House, to progress as quickly as possible, achieve an agreed settlement. Happy Valley, the Hong Kong but it will not be so easy for a big Assuming that the Council's Club, the Sports Club and the body as with the Committee of first step will be to appoint a com-Stables. Sham Kwong Roast. Five. Also it may be necessary mittee to draft the 'recommenda÷ Entries close at "12 o'clock to await the Abyssinian reply to tions, it is probable that the latter NOON on Monday, 30th Sep- the Italian charges of atrocities will require this time for its de-tember, 1935.
An important meeting of the liberations. Bureau yesterday aftertour": to
“COUNCIL MÈETING. TO-DAY
discuss procedure decided that the Geneva: The League Council Assembly be consulted before the meeting has been fixed for 10.30; final decision is taken, as to, whe-ja.m. to-day. ther the Burean remains in a
CLOSING OF FRONTIER; state of suspended animation in- Rome: According to a mes- stead of dissolving as usual when sage from Djibouti the Governor the work in hand is disposed of of Gondar has forbidden traders The Bureau will therefore 'meet to carry on commerce with: Ex- trea. It is stated that the arders came from the Government of
TEXTILE QUOTA SYSTEM
British Government's Action
ANOMALOUS POSITION TO- BE RIGHTED
London, To-day.
Abyssinia and they are internret
led to mean the closing of the
frontier.
ITALY DESTRES MANDATE “ Rome:
By Order,
G. B. BROWN.
Secretary Hong Kong, 26th Sept 1935.
DEVALUATION OF GUILDER?
EXPECTED BEFORE END OF YEAR
The newspapers hints
REGARDED AS INEVITABLE
The Hague, To-day.
that Italy should have a mandate The question of the devaluation
over Abyssinia and suggest that of the guilder is again a live is the matter might be dealt with by sue in consequence of the dis- direct negotiations between the cassion in the Lower House of interested Powers
the Government's economy mea-
A Paris message stater, that sures. Dr. Aalberse, the leader Le Tempe suggests that Italy m-of the Catholic Party, yesterday · tends to claim a mandate over announced that he would support The Board of Trade Journal an- Ethiopia as a "backward people the Cabinet against a devaluation nounced last night that the Gov-under Article XXII of the Coven-policy, but it is believed that the ernments of the British Colonial ant. The Journal says it cannot majority of the Catholic Party dependencies in which the quota at present see how the Council privately favour devaluation, system is in force for certain could be induced to recommend which they regard as inevitable.
Parliamentary financial circles types of cotton and artificial silk this, and British opinion particu- goods have been requested to ar-larly would not accept such a so-expect devalnation before the end
of the year-Reuter range that on and after November (lution of the dimeúlty.
certificate
RETAIL TRADE IN BRITAIN
Improvement Marked Up To August
London. To-day. The value of retail trade sales
I no such goods be regarded as U.S. NEUTRALITY ISSUE being of United Kingdom origin Washington: President Roose for the purpose of entry free of velt has issued a proclamation the quota restriction unless ae giving a list of implements of companied by a
of war for which export licences origin endorsed by one of certain must henceforth be obtained and Chambers of Commerce Reuter. which may be banned entirely in An earlier message said that the event of war. Raw materials textile manufacturers, who had suitable for manufacture into often been disillusioned regarding munitions are not included in the reported action for the ameliora-list which comprises rifles. tion of their none-too-happy lot chine-guns, all classes of ammunicent greater that in August 1934. yesterday hoped that they would tion. all types of war vessels not be hunting a false scent including aircraft-carriers and paying attention to rumours of impending new regulations foreign cloth being sold in pire markets as "British made.”
Had the Government" at long
in Britain in August was 4.4 pèr.
For the first seven months of the trading year total sales show- marises. aircraft assembled red an increase of 43 per cent dismantled, designed for fighting over February to August 1994 onnd utilising guns or bomb drop- Stocks at the end of August E-ping, aircraft engines, and mas were valued at 8 per cent less tard-gas and flame-throwers than a year ago and employment
Addis Ababa: The report that
Sa last responded to repeated repre- the Negus has ordered a generit was 2.2 per cent greater.
HK Lands 4% Debentures $100
D.
sentations on the part of Lan
Woven
mobilisation is unfounded.
Shanghai Cotton (new) $40cashire, that in order to earn the
EMPEROR'S TELEGRAM- Zoong Sings Sh. #831⁄2 m. -
aforementioned qualification, tex- London According to press Wing On Textiles Sh. $25 n.
tiles must be spun,
and messages the Emperor of Abys Lands, Hotels, etc.
finished in Britain?
sinia has telegraphed to the It was pointed out, for instance, League of Nations that 500,000 that was the introduction of the Looms have been sent towards the quota system for restriction of frontiers, but he states that they Japanese exports to colonial pos-will not approach nearer than 19 sessions of the Empire, very large miles, as the mobilisation is of a quantities of oriental cloth for purely defensive character. Hei the Empire had been dispatched to requests the League to send a com- England for finishing, after, which mission of neutral - observers to they would legitimately be shipped determine the responsibility for as British goodṣ.
any act of ageression which may Now at length came the report occur, and proposes that they that the Government was serious-j should travel by air at the expense |ly considering taking measures to of the Abyssinian Government. terminate this paradoxical situa- This request may come before the tion
League Council, at its meeting to day.
Shanghai Eands Sh. $15 n... Metropolitan Lands Sh. $10 m. Humphreys $71⁄2 n H.KRealties $4 1. Chinese Estates 386 1 ez div. China Realties Sh$4 n* China Debentures Sh.123 n.
Public Utilitew HE... Tramways $10.90
$10.85/90
Peak Trang (old) $51⁄2 1.. Peak Trams (new) $5 Star Ferries $78 n. Taumati Ferries $17 n. C. Light: 5790,k., $8,05 1 H.K. Electric 3521⁄2 B., $524/53
*Macao Electrics. $20. 2. Sandakan Light $3.5 Telephones (old) - $18 32. Telephones (new) $61⁄2 n. China Buses Sh$111⁄4 1. Singapore Traction 10/6 n. Singapore Pref. 22/-. n.
Malabon Sugar, $51⁄2 n= Cald, Macg, (Ord) Sh $19% Call: Macg (Pret), Sh$18 1 Canton less $18013 Cements 505 T HK Hopés $
Stores, etc. Dairy Farm €143% "Watson $8 m
RAW RUBBER PRICES Lane, Chawlard 33 n.
Latest Quotations From Singapore
Messe. H. B. Joseph & Co. have received the following Straits Cur- rency quotations from Singapore (for Raw Rubber:
Mackintosh 76 “Sinceres: $5 ́s Wm. Rovela Wing On (EL
Entertainment S. C. Enterpris -Macho, “Cravi Constructions Construction Vibro Pili Down
Ch: Govt:
(1936) 20% HK
Spot 19% Down % by 191⁄2 8.
1925 ANG BAB.
8%%
LOCAL DOLLAR
STEADY
Silver Prices Fall
The local dollar is stend ing on demand this morning 2/0
Both "spot" and
ver prices, however, declined, 1⁄2 to 29-3/16.
The London on New York cross rate was quoted at £ US $4529 as compared with £ US while the New York on Lon cross-rate was quoted at £ $4.92, as compared with f $925
A.0.B.C. FAILURE
3,000 Depositors To Be Paid In Full
Shanghai. To-day.
KEPORT STUDIED &
of the League | Geneva Care, engaged in of the report of the Si of Five which made public yesterday." port contains, with the
posals for the settl
jane dis
the
posals
Baron: Aloisi which he protested mittee had not siderati
brought against Ethiopia Italian memorandum.
* When the "Council meets and receives the report recording The failure of Committee, it
on further
recom
labora British
In pursuance of an order sign-evide
ed yesterday by Judge Helmick, tions bet
| more than 3,000 depositors of the 2nd-
defunct American Oriental Bank- ing Corporation will be paid in fall
About
Wireless Service.
TO-MORROW
AT THE MAJESTIC
Lots Live Tonight
Everything
one.. BUT YOUR
SAVINGS
RENT
FOOD
CLOTHING
HEAT
TAXES
WATER
CHITS
SAVINGS
SAVE SOMETHING
STAKT NOW UNDERWRITERS
SAVINGS BANK FOR THE FAR FAST,