THE CHINA
FRIDAY, JANUARY 19,
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
Authorised Capital $50,000,000 Issured and Fully Paid-up. 20,000,000 Reserve Fundazom
Sterling,500,000
Silver
Reserve
prietors
-----$20,000,000.
ability of Pro-
HEAD OFFICE: HONG JONG
BOARD OF DIRECTORS.
3. H. Dadwell, Esq. Chairman.
THE CHARFERED BANK OF INDIA, AUSTRALIA & CHINA, Incorporated by Royal Charter, 1855.
فاتحة
CC Knight, Esq.
Deputy ChaerIDI.
Hon. Mr.WH Bell
and
Commerce
Finance
HEAD OFFICE: LONDON
Paid-up Capital ....... Reserve Fund
„£3,000,000
0,000,000;
Reserve Liability of Pro-
prietors
£3,000,
Aber Shar
Agencies and Branches:
Bangoce
Beta
Bereczben
Bomber
Caleazza
LOCAL DOLLAR IMPROVES
"Spot" Silver Declines
The local dollar has advanced | 1/16, opening on demand morning at 173-7/16d.
this
Cemon
Cawapre
Madras
Hamburg Hankow Barbin
Now Teck Triping
Dalbi
Hon. Mr. J. J. Paterson | Cabe AE. Compton Esq. T. E. Pearce Esq., Colombo
H.T. Johnson Esq. J.A. Plummer Esq. Haiphong G. Miskin Esq. A. L. Shields Esq.
V. M. Orayboi g
Chial Manage
BRANCHES :-
LUNDON LYONS
MOT
BANGKOK BATAVIA
CANTON
ORGANIN
РОССКОЙ BATPHONE
HAMBURG
HANKOW
FARBIN
HONGIXW
HLOKA
IPOE
JORON
KORE
KOWLOON
KCALA LUMPUR
“MALAOČA
MUIDES
XEW YORK PEIPEG
PEKANG
RANGOON
SAIDON
SAN FRANCISCO
SHANGHAI
SINGAFOXT
SOCKAMA YA
SUNDEI PATANI WIENTSIN
TOKYO
TSINGTAO
YOKORAMA
Carters Arounde opssed is Loos! Cazeny and. Pad - Depacie zeonved for com your O sucer pepois in Local Caremcy and Sterling mezzo wielole will be quoted on appliostimu ALSO spedale SAFE DEPOSIT BOXES
Song Long, 1st November, 1905.
HONG KONG SAVINGS BANK:
The-Businere af the above Bank je rondsos. ed by the HONG KONG AND SHANGHAI
KLESING CORPORATION, Baim may b mánsźned en septiession.
708 THE LONG KONG AND SHANGHAT PLANNING CAARPURATION
Y. M. GRATBURN,
Chief Maonger.
Hong Kong, Bib February, 18.
Tonickab
(Mbaker)
Zamboanga
Forsien. Esolange and General Banking bestowes
Braneacted.
Current Accounts opened and Fizel Deposit zuesired for cna yuar or shorte prenda at ZAME (which wiz be quoted an appleston,
· ARREARLEE.
Manage Hong Kong, 1st January, 1995.
THE
AMERICAN EXPRESS COMPANY, INC.
Head Offices-45, Broadway, New York
Capital Suplus
„TILS.$6,000,000.00 2,183,633.06 870,75L05
Reservu.ie-nt;
Amateurs Letweep
BRANCHES÷
Glangua The Fagst
Haraca Hamburg Hawa
-
Bombay
Be
Jars
Center
Persoon.
POLPARS
Homercians Boo Stamplně
Singapore
"Spot" silver declined 5/16, be- ing quoted at 20%.
The London on New York cross- rate was quoted at US$195, as compared with £-US$4.98%, while the New York on Londen. cross-rate was quoted at £—US-| $4.95%, as compared with £– US $4.93%.
US. MONETARY -POLICY
RUMOURS STARTED BY SPECULATORS DRASTIC SCHEME SPONSORED BY SENATOR BANKHEAD
Washington, To-day- Mr. Henry A. Morgenthau, Secretary of the Treasury. Jes terday deprecated the rumours abroad in connection with the further devaluation of the.dol lar, with a view to offsetting the price effect of the AAA decision, indicating his belief that the rumours were started by speculators with ulterior mo tives, who sometimes hinted that the Administration is American Express studying the extension of the "Stab"" fund, which otherwise States of America and Canada.
expires on January 29..
Lagano
Macondos
Flat Floreboa
Made Cade
Xazila
THE BANK OF EAST ASIA, LTD. Gr
Autorived Cupra NS$30,000,000.00 Paid-up Capital gamtamanna mną 5,008,200.00
Branches
Munich Mantrax
Vemos Tokohama
لعدسة
Smers and Cadiret Pro 2,680,000.0 Company in Principal cities of United
--
HEAD OFFICE:—HONG KONG.
30 Des Tour Bond, Costes).
BOARD OF L:RECTORS:-
Sir Sheng-no. Chow, Chairman,
14 Inn Chang Baga 1. K. buruk, Eng. Wong.
Zang-Eng, Wong Cầu bou, key and Kea Xing Fo. Eng.
ANDOT
Pula
“Kam Tung Fu, Zaq-, Chies Xoongari
11 The Fing. Eng. Sangat.
PRANCIES AND AGES KRS 00
Sentie Sacheraby
300g bast.
Chinuka Ceama Jingshong
Manila
Melbourne
Zagorakı
Quake Par
Боулин
Svatom
Pusing
Sydney
*Longlalat Lobs
PRENDE
Kangoon
Pentai
pripo
Tokyo
London
De Francisco
Yagodovar
Zarobkita
حمد
Every description of Banking and Tarmage Imsizes trasacted.. Loans partied an approved.
ODMIETLIAS.
Caressa "Ammounts opened in Lanal, Carmacy sod Fixed Deposite secmired fam
warmer proof te Lomé and Fornáza, Cormacini "A" Lanka - which "vall be" quotat en application.”
Ska Dapesiz Smar 14 Lat.
"MAN 'TONG PO,
Chief Mauegu..
All classes of Commercial Banking seansactions, undertaken.
· Personal investzaent accounts bande
The Company offers to intendingi Travellers the use of its "Travellers Cheques” and Letters of Cradît and, an addition, the world-wide services, of its thoroughly-equipped. Tezvel Department,
C. H. BENSON,
General Managem
J
THE CHINA & SOUTH SEA BANK, LIMITED
(Incorporated in China) Head Office-Shanghai
$7,500,000.00 $1,500,000.00
Branches-All Important Cities
"Foreign Korbange sad General Banking Boise tamazed. THE YOKOHAMA SPECIE BANK Current and Saring Accouts opened and Fixed
LIMITED
Established 1880 ·
Capital (full paid-up) Yen. 100,000,000 Peserve Fund
Yen. 127,450,000
Head Office: YOKOHAMA
Branches and Agencies at
Alexandria
Batavia
Berim
Bombay
Calcutta
Canton
Nagasaki
New Yank
Nagoya
Omiz
-- Peiping
Dairen (Dainy) Rangoon
Fengtiem (Mokden) Rio de Janeiro
Hamburg
Hankow
Harbin
Hong Kong
Honolnin
Brinking
Karachi
Kobe
London
Los Angeles
·San Francisco
Seattle
Semarang
Shanghai
Hingapore
Sourabaya Sydney Tentsin
Tokyo
Tsingtan
Vingkow
Manila Koji
Tnterest allowed for Cament An-l
Deposits received for fixed periods
st rates to be obtained on application.
CEISELTAMI,
Manager.
-Hong Kong, 12th September, 1986.
POPEYE
BE A FIGHT
{Depozitu zoonivad for con gate of shoret periods kaz zatem which will be quósed on spplication.
500 Z. CENG.
Xacag
BONG KONG "BRANCH 3o My Das Tour Boad, Central.
Forsiga. „Exobangs Dept.
(Continued ontPage 10.)
BERLIN SHARE
MARKET
Business Drags
*CHINA MAIL" SPECIAL.
Berlin, To-day.
Business in the share market dragged yesterday, interest being shown only in the case of a few special stocks, the price move ments being erreic Fixed in- terest securities were friendly, but the turnover...was not great, Continental Rubber Loan, how ever, declining 14 to 101 Call money was at 234 to 3 per cent.
Trans-Ocean Service.
REICHSMARK QUOTATIONS
Berlin. To day.
Reichsmark [quotations (without guarantee)
THE WING ON BANK, LTD. yesterday were: New York, 40-
Head Office: Hong Kong 26, Des Foenix Road. Central.
Authorised Capital $10,000,000
24; Paris, 609; Amsterdam, 59,- 265; and London, 12.28 The Paris sterling quotation was 74- 76-74.80, and the dollar, 15.15
| 16.17%.—Trans Ocean Service.
LONDON BANKERS:— Westminster Bank, Ltd. Foreign Exchange and every des-10 cripton of banking business transact-
ed.
Comment Accounts and Savings Ao-]
THE
counts opened. Fixed Deposits 26-SHANGHAI COMMERCIAL & ceived at rates which will be quoted | on application.
Trusteeship & Exnerkurship, wonder- taken. Safe Deposit Bazar for hire.}
„PHILIP GOCK CHIN
Chief Manager
PŁASONABLE
PRICES
Job Printing
"THE RESTEPAPER ENTERPRISE ALET,
SAVINGS BANK LIMITED (Incorporated in China)
Capital paid up 1 $5,000,000. Beserves
$7,380,000. Capital Savings Dept. $500,000. Eeserve Savings Dept. $800,000. Head-Office-Shanghai
| A Bank bæring) as its mission the industrial, development on China and
commercial relations abroad. Hong Kong Office
6, Queen's Road Central- Phone 31116.
The Red Man Pulls His Punch.”
SELL – I WEARING #BOXING GLOVES:
TRA'S JOS?
SHARE MARKET
TO-DAY'S QUOTATIONS
The following is the list of local
REICHSBANK RETURN
Complete Recovery Shown
REAL ESTATE BOOMING
Land Investments In Kwangtung
NEW ADVERTISEMENTS
PUBLIC AUCTION
THE Undersigned have received instructions to sell by Public
FULL REPAYMENTS FOLLOW PAPER MONEY NOT BEING Anction
SETTLEMENT ·DAY
-CHINA MAIL" SPECIAL-
Berlin, To-day-
HOARDED
From Our Own Carrernoaden:] Canton, To-day.
The most striking feature of Not accustomed to keeping
Wednesday, the 15th Jan, 1935 commencing at 230 p.m. at their Sales" Booms, No. 4. Duddell Street
share quotations issued to-day-the Reichsbank return of Jan-paper money, people, here pre- A Quantity of Valuable House-
Banks HK. Bank $1,510 b.- HE. Bank (London) £98, 1 Chartered Bank $131⁄2 n.
Mercantile Bank A. and
$2936.培 Mercantile Bank 0. 211314 De Bank of East Asia $76-n
Ingurances
Canton Ins. $45 a Unions Ins, $555 21. China Underwriters $1.10. China Fire Ins. $480-z- BE Fire Ins. $260 m. International Assee. $4 n.
Shipping
Dourdases 36 n. HK. Steamboats Så n. Indo-Chinas (Fre£), $30 21. Indo-China (Pref) $20 m. Shells (Bearer): 82/6 Unim Waterboets. $12 z..
Mining
nary 7, issued yesterday, is the fer to use the Government notes hold Furniture, Silver and Cat complete recovery from the ten-in land investment to hoarding Glass Ware. sion of the settlement day at the them. The effect is that the (removed to Sales Roam for
the amount
convenience of Sale)
comprising:
Teak Hatstand. Dining Tables, Dining Chairs, Chesterfield
close of the year, the repayments real estate business has been Rjamounting to 1057 per cent of improving during the past five
of accommodation weeks granted, whereas in the first week Real estate agents declare of January 1955 the repayments that the prices of houses and Couches and Armchairs, Teak only reached 91.3 per cent. lots throughout the city have Bedsteads, Desks, Cabinets, Book- This exceedingly favourable re-mounted by 20 per cent, as com cases, Pictures, Omaments, Typèr sult is believed to be partly due pared with those in force a yearers, Gramaphones and Records, to the early applications for a-ago. The compulsory use of lotments in the 4 per cent. Gen Government banknotes is someware, Barrowgraph, lecine Face Carpets, Rugs, Brass and E. P. man Railways Treasury bills, the thing new to the public here, Massage, Pine Dinner Service. subscription list for which open-who do not care to board paper Crystal Table Glasses, etc, etc.
Antamoks $1.45 1. Ralatoes $176 1. Baguio Gold 22 cts. n. Benguet Consolidated $161⁄2 Benguet Exploration 11 ets: 1 Bir Wedge 12 cis, n.
· Golf Greek 30 cts, a.
Gold River.7 cts. n.
led on January 6
[....oney.".
The gold stock was unchanged Notes of the two Government { ̈· at 82.5 million Reichsmarks,” and banks are strictly legal tender,
also Silver Cutlery, Vases, Cigar
and
the foreign currency reserves de passing from hand to hand. In Boxes and Ornaments, Cut Glass clined 0.1 to 51 millions, making the past people hoarded silver Bowls, Juga, Decantem, Plates, a net decline in the note cover coins owing to their intrinsic etc, etc. of 0.1 to 87.6 million Reichsmarics, value, but since coins are be- The note circulation shrank 2784 coming scarce they prefer to to 4,006.8 million. Reichsmarks use the paper currency to buy The amount of credit issued, as houses or vacant lots near the measured by bills, cheques, ad-city.
n.vances and investments, decreas- ed by 695.6 to 4,603.3 million Reichsmarks--Trans-Ocean Ser
- Ipo Mining 90 cts. D. Itogons 35% cts. n. Salacos 15 ca. 1. Kailan Mining Ad. 11/6 n Langkats (Single) Sh.$11 n. Shai Exploration Sh.$41⁄2 arri Shanghai Loans $4. n. Rambs $101⁄2 b Venz; Goldfield $3 b.
Docks, etc.
`EK and K. Wharres · (old)` -- $101VENIN
HK and K Wharves (new)
$98
HK. and W. Docky $9 n.
Providents (old) $14 b, $1%
sa.
Providents (new) 15 cts, he Hong Kew Sh. $2371⁄2 1. New Engineering Sh‡4 n Shanghai Docks $80 n.
Cotton Mil
Ewo Cotton S£191⁄2 1 Shanghai Cetion (old) Sh$75
Shanghai Cotton (new) Sh$41%%
Zoong Sings St $12 m Wing On Terties Sh. $25 n. Lands, Hotels, etc. HK. and S. Hofel $5:30 n. FK Lands $361⁄2 =- HK Lands 4% Debentures 3100 |
Shanghai Lends Sh $20 m "-Metropolitan Lands Sh. $10 m
Humphreys $10.60 n. HK Realties $5.35 1. Chinese Estates "$84 """ China Rexities $4-129 China Debentures. Sk.$95 me Public Utilities
HK Tramways $1450 3. Peak Trams (old) $5 b. Peak Trams (new) $21⁄2-1 Star Ferries $50 b
Yazimati Ferries $18 n. C Lights
$10.15/20 8
vice
RAW RUBBER PRICES
Latest Quotations From Singapore
Messrs. H. R. Joseph & Co. have. received the following Straits Currency quotations from Singapore for Raw Bubber.
Spot 23 b. Unchanged 28 February/March 23 / Down
6,232 3.
24.3-
April/June 23% Down July/September 24 4
1/4 by 24 44 55. -Market: Quiet
PEPPER CASE HEARING
ENORMOUS LOSSES ON DIFFERENCES
SOLICITOR'S EVIDENCE-
London, To-day.
A Few Pieces Black Wood Ware
Fedor Bing, Dresden”
One Baby Grand Piano by
One Radio Set
On View from Tuesday the 14th January, 1936.
Terms: Cash on Delivery
LAMMERT, EROS,
Auctioneers. Hong Kong, 30th January, 1936
OIL AND WAR
(Continued from Page 3)
The pepper conspiracy case act for the whole purpose of was resumed at the Guildhall sanctions is (a) to stop an un- yesterday. The Crown wit just war as soon as possible, Besses were cross examined by and (b) to obtain a settlement Counsel for the defence. Mr. of the Abyssinian question, Duncan McKellar, of the liqui-(which recognises to the full her dators, replying to Sir Patrick territorial integrity and politi Down he knew that Bishingian had they are by Article X of the Hastings, for Bishingian, said cal independence, guaranteed as
PORT OF LONDON
Prominence In Trade Of Britain
.
cover
adready paid from his own poc-League's Covenant ket nearly £100,000 to
-* Will It Mean War? ✨ the loss on differences.
"Ah, but the petrol embargo Replying to Sir William Jowits will mean was Wil it? It is ME. McKellar said that he belier-true that Signor Mussolini, con ed that before the issue of the scions that failure in his Abys- prospectus the loss of $90,000 ansinian adventure means pepper fell on Bishingian. Thejalmost certainly the downfall loss on pepper after the issue of of himself and the Fascist sys- the prospectus was something tem, may in desperation pro London To-day. like £750,000...
pose war against a united Forty-two decimal four per Andrew Barrie, solicitor, a d-world. But would he carry his cent of the total imports into rector of a score of companies people with him? Even if be the United Kingdom arrive with which Howeson was son-¡does, how, without the petrol to through the Port of London. nected, said that he acted as le-fight even a very ill-armed Statistics relating to the portigal adviser in the incorporation backward people, does he pro also show London's prominence of Williams, Henry and Co., and pose to meet the most advanced in the entrepot trade of the coun-formed the opinion that the pros-inations in a conflict of arms?
pectus was perfectly proper and. Of course, there is a risk. London exports 56.7 per cent honourable. My
Any sanctions that are effective of imported merchandise re The hearing was adjourned. may lead to that risk. exported and 52.4 per cent. of the Beuter- goods transhipped under bond- British Wireless Service.
Cements $8 - $8.5 HE. Ropes $4.90 b., $4.95 23. Stores, etc. Dairy Farm $21 1
(old) $10.10 b. Watsons $41⁄2 ***
C. Lights: (new). $7 b..
EK Electrics $69 b., $70 sa. Macao Electrics $20 m2 Sandakan Light $210 m: Telephones (old) $25%
$25.60 sa
Telephones (new) $10.15 n China Buses Sh§111⁄4 m. Singapore Traction 17/- a Singapore Traction Pref. 26/-
11.
Industriais
Malabon Sugar $8.40 n. Cald, Maeg. (Ord.) Sh. 191⁄2 ¤ Cald: Macg. (Pre£), Sh.$15 m Canton Ices $1.45 =
Lane, Crawfords 353% Mackintosh $5 ni Sinceres $3.30 (1) WEL Powells 70 chain.. Wing On (HK). $421⁄2 b.
Miscellaneous_|| Entertainments $8.40 m. S. 6. Enterprises 31.55 x. Macao, “Greyhounds" $2 m. : Constructions (old) $1.65 s Constructions (new)50 cts Vibro Piling $4 n.
But the alternative risk is far more dangerous. An unjust peace whatever clever face-
DEPRESSION IN saving formula is inverted to
PEIPING
Finance Committee Holds Meeting
Peiping, To-day. The "first" meeting of the Pei- ping-Tientsin Finance, Mainten- Jance Committee was "held here: yesterday afternoon, with the leading political and commercial leaders of the two cities în ate tendance, including Mayor Chim Tên chánh
Berider discussing the ways and means to relieve the depressed business to the two effies, the meeting also elected Generals Hsiao sa Chem-ying and Chin Teh-chon-as chairman and vice-chairman of
CL. GOTL 5% 1925 G*B3x,-
94% The
HK Govt 4% Loan 5%
HK Govt 34% Loan par the Wallace Harpers:
To-morrow.
- NEKO KNIFE-ALL
ALL, PIPE DCXUS
AL BUY YA A NEUF KN
LE'S FIGAT
Quit
GOOD
hide its shame means in fact the failure of the League of Nations, and a-return to the anarchy from which it has rescued the world
Coming!
JACK
BUCHANAN
"BREWSTERS
Millions
the Committee. Central News SUNDAY AT THE STAR
Agency.
Ticklm!
PODE
TONG TO DOLLAR DIRECTORY
1936: