BANKS
HONG KONG AND SHANGHAL BANKING CORPORATION -
$50,000,000! Izaned and Fully Paiderp - 20,000,000 Reserve Funds2mm
Authorized Capital
Sterling
Silver
£6,500,000
.$10,000,000
Reserve Liability of “Prom
prietors
Departy Chaircoma.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1859.
HEAD OFFICE: LONDON
Paid-up Capital Réserve Fund
£3,000,000 £3,000,000
Reserve Liability of Pro-
$20,000,000
prietors
£3,000,000
Agencies and Branches:
Alor Star
Božo
Amrame
"Ipak
Laagpon Saigon
Kinn
Dangkok
HEAD OFFICE: HONG BONG.
BOLED OF DIRECTORS
& Dochamil Song.
Charma
CC Inixbe. Eng.
Hoa Mr. W. E. Bell
Eon. Mr. J. J. Paterson | Est A.E. Compton Esq., T. E. Pearce Eaqib
MT. Johnson Esq. JA. Plummer Eng G. Miskin Esq. A. L. Shields Esq.
F. 1 Grposes. Eng Libani AnameT".
BRANCHES —
LUNDUS
AMOI
BANGKOK
BATAVIA
BOMBAY
CALCUTTA
CANTUN CHOSOYOU QULOXBO DIREN POOCHOW
STUPKONG
HAMBURG BANKOW KAREIN
HONGW
IPOR
JOHURE
FOAR
ALALA LUMPUR
IVALOON
אאויר.
KALAUCA
MANILA
MUAK Woburn) KLADEN
NEW YORK
PENANG
RANGOON
SAN FRANCISCU,
SHANGALS
SINGAPORE
mut kalaYS
SÜNGEL PATASA
THENIN
TOKYO
SIMTAN
IVECAMA
Creat cute spent in Socal Currency and Fred Degouts received for
من الجولف
sheter panoda in Larom urevesty mut starting
on set which will be quitendien
A150 cp to date SAFE DEJUSI BYES
in various 10 LED
Song Kong, Jat Nowensber, 1%.
HONG KONG SAVINGS BANK
The Banizme qf the mưa Bounds in FORMAM: / - by the HONG BOM, AND BHANGHAI
BANKING CORPORATION,
Salon way int
FOR THE ỪNG KONG AND SHANGAAS,
abamined on sppkostion..
BANKING COLPURATION.
VRAYBURN,"
Hong Kong, a Forssary, 106.
THE BANK OF EAST ASIA, LTD.
Authorized Capital...
-$20,000,000,¢ | Paid-up
......... Să spanjaana Bemera and Codiredno in 4,46_0++.6
HEAD OFFICE: HONG KONG 30, Du Vous Bunk Gratal
BOARD OF DIRECTORN:
I con Chu. Eng. 2.5 Biwoim Eng Wom Tun Tong, Eng. Clan Ching then, Esq. in Lan Smug. En Wong Chu "Emj. "and "Aan- Tiny Pa Zag
Lan Tung Po. 24. Coset Manager. 24 The Fous, Eażu Masages.
BRANCHES AND AGENCIES:-
Maxiin
Melbourne Nagunak,
Seattle
Istavia
Jambay
ZIPENANG Shangnai Закиро
Cection
Thosphory
Cheaka Paris
Z
Banko
Peeping
Sueciais
Penny
Esbe
Rexroon.
mikuu Toustria
Kowloon LAUR
I okre
Sea Francisco
Vucouver
YoLUCACI
Every diption of Banking and Exchange transacted Losan-grated un approved
buatan
*CLINCHE
Caract
Accounts gorded ins
sad Pized Depot need for Due your or
Ineschi
Sobe
Lenepur
Semarang Gerera bea Shanghai Singapore
Sw Seurabaya
مصونة
Boube
Caulus
| Cawapan
Euching Hadran
Manila
Doise
Kadas
Tongkak
New York
Bamburg
Habicu
(Bhaker) Tag Yokolema
Herau
Bong Song
Priping
(Pelang) Penang
Zamboangs
2}
1
Forngu Exchange and General Banking busie Current Accocoma opened and Przed Depois referred Soe one year or aborter periods st rates which will be quoted on application.
A. BREAFLEY,
Manaver.
Hong Kong, 1st January, 1935.
THE
AMERICAN EXPRESS COMPANY,
INC.
Capital Surplus
Reserves
معالي الهلالي
BRANCHES:-
Gence
THE CHINA LAIL FRIDAY DECEMBER 6, 1935
Commerce and Finance
LOCAL DOLLAR
DECLINES
Silver Prices Steady
The local dollar has declined a halfpenny, opening on demand. this morning at 1/4d. (nominal).
Silver prices were. However, steady at "spot" 9-3/16 and "fo ward" 23-13/16-
The London on New York cross- rate was quoted at US$4937 as compared with US$1.99 while the New York on London: cross-rate was unchanged at £- U.S.$1.9834.
EXCHANGES
TO-DAY'S QUOTATION
SHARE MARKET
-TO-DAY'S QUOTATIONS
The following is the list of local share quotations issued to-day:
Banks
HK Bank $1330/1350 sa. HE Bank (London), $90. Chartered Bank $1$ 2. Mercantile
£287
Bank A. and Mercantile Bank C. £13 a. Bank of East Asia $10 by
Insurances Canton Ins. $260 s. Union Ins. $550 b. China Underwriters $110 China Fire Ins. $450 n. HK Fire Ins.. $240-b International Assce. $41.
Shipping
Douglases $56 11. HK. Steamboats $4. Indo-Chinas (Pref.). $30 2 Indo-Chinas (Def) $11. Shells (Bearer) 81/3 m. Union Waterboats $12 b.
MANCHESTER SHIP CANAL
Great Engineering Feat
INTERESTING BROADCAST ON FRIDAY
NEW YORK STOCK MARKET
Selective Buying To
Continue
NEW ADVERTISEMENTS.
THE HONG KONG & CANTON. ICE MANUFACTURENG
IRREGULARITIES CAUSED BY NOTICE TO SHAREHOLDERS
YEAR-END ADJUSTMENTS
TOTICE IS HEREBY GIVEN
OTICE Messrs. White Weld-and Com-DINARY YEARLY MEETING of OF pany, New York Correspondents the Shareholders in the Company, for Messrs. S. E. Levy and Com-will be held at the Offices of the Fifty years ago an Act of Par-Pay, report
General Managers, 2 Lower Al- liament was passed which led Stocks: While tax switching and
bert Road, on MONDAY, the 23rd eventually to the creation of the other year-end adjustments may day of December 1985 at 11 am Port of Manchester-to-day one of cause irregularity, further selec for the purpose of receiving the the principal shipping centres of tive buying in the recently men-
Directors together with State the United Kingdom. The Man- tioned groups of securities will ent of Accounts, and re-electing: 3chester Ship Canal Act of 1895 continue in our opinion, unless the Directors and Auditors.
authorised the construction of the balance of foreign news again
The TRANSFER BOOKS of The-
&
sa
Mining Antamoks $1.17 b., $1.15. sa. Balatoes $17 b Baguio Gold 22 ots. n. Benguet Consolidated $14 n- Benguet Exploration 11 ets. I
On London
On T.T. and demand
1/4
4 months' sight
1/41%
Head Office:65, Broadway, New York
Credits 4 months' sight.. 11474
On Shanghai-
On demand
-110]
U.S.$5,000,000.00
On Singapore
2,188,633.06 $70,731.05
On demand
363
On Japan
On demand
1144
At-Ta
On India-
A acep
Glasgow
Kine
Athen
??
The ita
Naples
- On T.T. and demand
3314
Harita
Par
On New York-
Perung
On demand
3279
Boney
incom Bend
Polerma Flotte
Credits 60 days' sight
341%)
Jenumiem
Calcutta
Lundurs Liverpo
Vakiotaio
Luga Luxor
shanghai Southington Singapore. Tientis
On Batavia-
Big Wedge 8 cts.
Gold Creek,30 ets. a.
Cu demand
48%
Gold River 7 cts. sa
On Paris.
Taormina
talis
KareDes
On. demand
49744
Ipo Mining 90 cts.
dubur
Monte Carla
Venice
Hos GOCUTE
Xxnich
1 ainda Zurzon
Credits 4 months' sight... 525
Itogons 36 cis. a.".
On Saigon
Or demand
4914
Kailan Mining Ad. 11/6 n. Langkats (Single) Sh-$13 m Shai Exploration Sh.5434 - S'hai Loans SL $4 1- Ranbs $9.35 b... $9.45 sa. Venz; Goldfield $2.30 1. ̈ ̧
Berun
Cupenanga
Hainbat Har Heicheles Interlaken
Montreaz
Branches of American Express Company in Principal cities of Timited States of America and Canada.
All classes of Commercial Banking Transactions undertaken.
led.
On Manila-
On demand
On Bangkok-
|
On demand
139 Sovereigns bank buying rate 1/47% Personal investment accounts hand- Ber silver per oz-
29 3/16 Bar silver in Hong Kong
--- HONL Copper cents
2% prem The Company offers to intending Travellers the use of its "Travelle Copper cash
2% prem Cheques” and Letters of Credit and. Rate of native interest
55% p-a. addition, the work-wide services Chinese sub. coin
of its thoroughly equipped Travel Hong Kong sub. coin Department
21 dis.
par.
2. W. DUGGAN, COMMODITY PRICES
Manager.
The following quotations have THE CHINA & SOUTH SEA BANK, been received by Beater.
LIMITED
(Incorporated in China) Head Office-Shanghai Capital Low! Currenty
$7,500,000.00 Reserve
$1,500,000.00 shorter periods in Lee and Foreign Currie Branches-All Important Cities in on was which will be quoted an applicaton
-Sabe Depeat Baza 10 Love.
ZAN TONG PO
Chir Navaga.
THE YOKOHAMA SPECIE BANK
LIMITED
Established: 1880
Capital (full paid-op) Yen. 100,000,000 | Eeserve Fund... Yen 127,450,000 |
Head Office: YOKOHAMA
Branches and Agencies at
Nagasaki Nagoya
Alexandzia
Bataviz
Berlin
Bombay
Calenta
Carton
Dairen (Dalny)
Fengtien (Mükden)
Hamburg
Bankow
Farbin
Hong Kong.
Hoacialn
Hinking
Karachi Kobe
London
Los Angeles
Manila Medi
China
Prev. Yesterday Closing Closing
New York Cotton:-- December
January
March May Freigs Earbears and General Banking Busioon July Commas and Seving dococam opened sad Fred October Deposits rooived for one year or shorter periods Spot (at rutem which, wil be qouted on application. 's
600 Z CHANO.
THE WING ON BANK, LTD.
Head Office: Hong Kong 26, Des Foere Road Centen). Authorised Capital $10,000,000
11.82 11.76 1177 1174 11.62 11.56 11.52 ·11.46. 1142 11.39 11.24 11.19 12.25
12.20 New York Rubber:- December
12.90 13.00a 12.98 13.09a 13.18 13.27a
Salacots 15 cts. 1.
Docks, etc.
HK and K Wharves (old)
$90 b. $91 s., $90/91 sa HK and K Wharves (new)
$87 12.
HK and W. Docks $9 n. Providents (old) $1.10 sa. Providents (new) 20 cts. Hong Kew Sh. $2371⁄2 1. New Engineering Sh.S4 - Shanghai Docks. $60 n..
Cotton Mills Ewo. Cotton Sh.$10 m. Shanghai Cotton (old) Sh$75
Shanghai Cotton (new) Sh-$43
Zoong Sings Sh$12 m. Wing On Textiles Sh. $25 m
55 mile waterway, which, join takes an unfavourable turn. Basi Company will be CLOSED from ing the Mersey river at Eastham,ness done: 2,260,000 shares
10th to 23rd December 1835, both connects the inland city of Man-
Cotton: Fear of further Pro-day's inclusive.“ chester with Liverpool and the dncers' Fool selling of futures]
sea.
By Order of the Board of
J. D. THOMSON,
Secretary
caused scattered liquidation Gov-Directors, This great feat of engineering ernment spot cotton is held for was an event no less important higher prices than the building of the Manches Flash Brokers Loans during Hong Kong, 5th Dec. 1935.
ter and Liverpool Railway in 1830.the past week amounted to $919- The anniversary this year has been (000,000.
the occasion of extensive civie celebrations, and on December 13
a special feature programme com- memorative of the birth, growth. and fruition of this great project will be broadcast in the BBC Empire programmes in Tranzsmis- Ision 4 on Friday, December 13, at
S.40 pm GMT.
NEW YORK STOCK
EXCHANGE
Latest Quotations
December 6.
The following quotations were re-
The programme will open in the ceived br Renters 19th century at a time when the Duke of Bridgewater's canal was
CORRESPONDENCE
Local Postage
1To The Editor, "China Mail"]
Sir, In the last few weeks I' have received a number of letters from England, sent via Siberia, 11.00 bearing the ordinary 1d. stamp. This amount of postage is appar- ently deemed to be suñcient, the letters reaching me without sur- charge If, however, I wish to send a letter to England from here I must pay 20 cents, equivalent, at the present rate of exchange- to more than 3d and, a little while ago, to nearly 68-
11.52
584
close
10.20
Last
the only link by water between | NY/London Manchester and Liverpool Though Cotton
May this early waterway was of im-
NY. Rubber mense value, and enabled His
March Grace and others to transport Chicago Wheat their coal from the environs
May of Manchester to Liverpool by barge,, Chicago Com
4.93
11.52
11.51
13.18
73.92
13.22
95-12
96
May
5834.
Early Agitation Throughout the early part of the
Anaconda Copper
277-28
2:
Elec. Bord &
Share
1534
15
54%
13
38
38
9014 28/ 45% 48%
it was soon to prove inadequate. Isročas:
14:26
૩ ૧૩૩ મળ
384
19th century, agitation was carried General Motors 55% Jon to construct a canal capable of Int. Tel & Tel 12%
carrying ships, and in 1885 the Montgomery
Ward Act was at last passed. A special NY. Central Ship Canal Company was formed; CS. Steel and work began in November, 1887; the completed waterway was don were received last right be- opened for traffe on January 1.tween 5.30 p.m. and 10.30 pm.
Siner Spot 29 3/15 (last close), 1894, being formally inaugurated 29 3/16 (last recd.), unchanged. by Queen Victoria.
The following quotations from Lon-
An-
Silver Forward 28 13/16 (last close), 28 13/16 (last reed.), pro- changed.
the
The latter part of the gramme will be devoted to function of the canal today. iteners will follow the course
Liverpool Cotton January 6.47 ships (up to 15,000 tons (last close), 6.46 (last recd.), .01 down. capacity), bound to or from Cana-(change).
Silver Report:-Little selling by Lis- China and India... American bought.
Market steady,
عين
(last
I confess I am pazzled. Does the U. S. S. B. grant more favourable
terms to Great Britain than to poor, depressed. Hong Kong, or (perish the thought?) is our local Past Office "working a "racket" on the public of the Colony? I merely ask for information.
Yours faithfully,
BOSA DARTLE.
FATE OF LAVAL CABINET
Still Hanging By A Hair
dian ports, Bombay, Persian GuK, Liverpool Wheat-December 61- Australia, New Zealand, Alexan-last close), 5/11' (last reed), ̧ .
down (change). Įdria, Syrian Coest, the U.S.A
London Rubber-April Jane (buy-RADICAL SOCIALIST DEMANDS South America, and other portsers) 6% (last close), 6 7/16 They will visit the great: Manches- reci.), 1/16 up (change).
~CHINA MAIL" ŠPECIAL London Rubber at noon (buyers) ter docks-eight of them which, together with adjacent quays, give
67/16 (last rec).
Paris, To-day. A forecast from London. a total wharfage at that point of probabie trend of the New York ment is again hanging by a hair
on the
The fate of the Laval Govern- 51⁄2 miles, and comprise a water markets, states: Shanghai Lands Sh. 20 a
space of 120 acres they will visit Metropolitan Lands Sh. $10 a warehouses at Ellesmere Port..
the oil docks at Stazlow, the grain Humphreys $9% b.
Lands, Hotels, etc." HK and S. Hotel $5 b, $5 sa EK Lands $35 b$36 $2. EK. Lands 4% Debentures $100
Chinese Estates $86 . China Realties $4
.....
«
A further small improvement will because of the recalcitrant attitude probably be seen at the opening of taken up by the Radical-Socialist Wall Street to-day.
Party, whose support M Laval is- Rubber prices are expected to open dependent upon. The point at They will be reminded of theably be slightly lower.
higher, while Wheat prices will prob issue is the future of the Fascist Canal's relation to the vast îndus- Slightly higher prices are anti-organisations, which the Radical-- trial area for which it is the most cipated in Cotton. Exports are ex-Socialists demand should be "dis- convenient port an area abound-panding.
A Bureau price reduction armed and dissolved, while they appears to be fairly centaśm, bet ing in cotton mills, coalfields, and there are uncertainties regarding the also ask that the Mobile Guards... sammetal works, and will be given amount of Pool cotton available for should be removed from the juris- glimpses of the activities of some sale at this price. There are fearsdiction of the War Ministry and
of increased acreage by
non-placed at the disposal of the Home contractors.
Yangu.
HONG KONG BRANCH: 26 Dee. Tomas. Eoad, Central
Foreign Euthangs Dept. General Offer
January
Tal, de
March
May
13.31
13.41
EK. Realties $5.80 n.
Jaly
13.45
13:54
Chicago- Wheat--
¡December
95%
95%
May
95%
954
July
884
89
Chicago Corn:
China Debentures Sh.$35.
Public Utilities HK Tramways $14/141⁄2 Peak Trams (old) $5 m.
December
56%
578
Peak Trams (new) $
of these industries.
May
5842
58%
Star Ferries $88 n..
New York
July
-60
603%
C. Light $10.60 b., $10.60/80 sa.
December
ed.
Rio de Janeiro
Singapore
Sourabays
Current Accounts and Savings Ac. May counts opened Fired Deposita re- July ceived at rates which we be quoted New York Silk: on application.
Trusteeship & Exsentorship under- taken. Safe Deposit Boxes for hire. PHILIP GOCKCHIN Chief Manager:
844 88
886
84. 87% BT48
52.
Macro Electrics $20 n
Sandakan Light $210 n
December
1.94 1.9314
Telephones (old) $28
b.
March May
Osaka
Pris
Peiping Rangoon
San Francisco Seattle
Semarang
Shanghai
Sydney Tiezisin Tokyo
Tsingtan
Yingkow
Interest allowed for Current Ac
Deposits received for fixed periods at rates to be obtained on application,
C. KISHINAME,
Hong Kong, 12th September, 1906%
SHANCHAL COMMERCIAL &
SAVINGS BA
LONDON. BANKERS.
Westminster Bank, Ltd.
Foreign Exchange and every des-Winnipeg Wheat:--- cripton of banking business transact-
BERLIN SHARE MARKET
Dr. Schacht's Speech Stimulating
Berlin, To-day
Dr. Schacht's extegorič refuta- of the suggestions of the of another currency in- Germany and his en on the prime importance of Industrial development proceedingį
disturbance had a stin
on the share market, ying rea
for a
1.88 1.30 1864-139
RAW RUBBER PRICES
Latest Quotations From Singapore
Mesars. H. Joseph & Co bave received the following| Straits Currency quotations from Singapore for Paw Rubber.
Spot 21 b. Unchanged 21 %
January/March 22 % Up % b
27.3.
April/June 22 % Up 31⁄2 b, 22
uly/September 23 % Up 1⁄2 h
Steady.
QUOTATIONS
Yaumati Ferries $17 n.
EK Electrics $6534 b., $6614
Telephones (new) $8% h. China Biznes Sh$114 m. Singapore Traction 13/-
S'pore Traction Pref. 25/- n. Malabon Sugar $3.40 m
Industrials
Cald, Macg (Ord)+Sh$19.
The author of the programme
Minister, while legal action should
be taken against the inflammatory
will be D. G.Brids, whose name
The Hong Kong Stock Exchange language which, so the Radical overseas listeners may remember have received a cable from Messrs. Socialists lege, is used by the in connection with the Mersey Derrick and Co. Local Secretarită, în Tunnel programme broadcast on Singapore of the Raub Australian Eight-wing press.
Gold Mining Co. Ltd. announcing the What M. Laval will do is not yet the occasion of HM the King's outpot for the four weeks ending 20th own, but the difficulty of his visit to Liverpool last year. November to be 1699 ounces.
position is revealed by the con- anitation on Wednesday night of a zumber of Minister, including: M-^^- -Marin of the extreme Right, Min-/
Newspaper Boys'
From an
enquiry made
Club
Ister without portfolio, M. Bárard" (Minister of Justice), M. Fabry: (Minister of Waz), M. Laurent-
by body are certainly very annoying Eynac (Minister of Public Works),
·Cald: Macz (Pret), Sh$15 Denessrs B G H Him and Chen to the public. But yet they go amfand M Mandel (Minister
Canton Lees $1.60 b. Cements: $650.
doing their work and the fact that Posts).
Wai Chuen it is learned that there they are able to sell this large No Guarantee EK Ropes $4.65.b, 347:/43% is a daily circulation of about quantity exis for recognition of The Radical Socialists declare
|100,000 one-cent papers, of which their serviCES. 40,000 are being sold in the man- -Under prop ing_and:60,090 in the evening. Of
32
Stores, etc. Dairy Farm $173
Watsons Lane, Cra
Mackfatrat
Sinceres
Wing On
Futer
these 100,000 papers sold
60,000 are being sold
|boys. Assi
can sell 100%
Jare about 600
every da
we also
that ever if M-Laval-accepta: control and man- conditions they will not gua
they create to yote solidly with the Cabinet, the service but will merely leave each can be of the party free to use
now, discretion
bout 30 be
Well-informed ~ political say that H-Herriot f enforce party discipline time, but at least has. M ublic assent that the Ba dersands; will be met. the The Mobile Guards učili