BANKS
-HONG KONG AND SHANGHAI
BANKING CORPORATION.
Authorised Capital $50,000,000 Issued and Fully Paid-up. 20,000,000) Taneys Fundag
Sterling
Silver
£6,500,000
$10,000,000
Reserve- Liability of Pro-
prietors
HEAD OFFICE : EUNG XONG,
BOARD OF DIRECTORS,
#. EL_Dadrell.. Dag.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA, Incorporated by Royal Charter, 1853.
HEAD OFFICE: LONDON
Paid-up Capital. Reserve Fund
£3,000,000 $3,000,000
1,000)
Reserve Liability of Pro-
prietors
3,000,90€
Agencies and Branches:
|Alor Star"-
Foil
Bombay
CC Knight Yag- Deputy Gatemade
Hon. Mr.W.H.Ball
Hon. Mr. J.
Canton Cawnpore
Paterson obs
A.E. Compton Esq., T. E. Pearce Eny, Caimão ME. Johnson Esq, JA-Plummer E34 pho G. Hizkia Faq, A. L.. Shields-Esq.
T. 3 Geyburn. Yog
BRANCHEN -
LONDON
LYCAS
MANTI
YCAB Cobra)
YLIDEN
SEW YORK
COLOMBO
PEPING
BINGOOS
SAIGON
POOCEC
JORO**.
KOWLOOK
KUALA KEPUR
PENANG
SAN FRANCISCO
BHANGHAI
SINGAPOR
SOURA BATA
SUNGEI YAMETE
TIZAYNIN
TOXID
XOXONANDA
aprond in Town: Carrancy
sletter perioda in Lanai. Currency and Eveling an be whack_will_be_quoted in appliastion.
Hog Fong, les Borenbr, 1905.
HONG KONG SAVINGS BANK
The Business of Thai stre. Back in conduct s_by_the-HONG KONG AND SHANGHAN BAXING CORPORATION. Bales y be
FOR THE MUNG KONG AND SHANGRAI SARKING, CORPORATION
I. GRAYJURA,
shawned on-
Hong Lang
Zpok Karnobil
Saping
Tongina
(Bain)
Potping
Mokoma.com Zamboanga
THE CHINA MAIL TUESDAY, FERRIAKY 4, 1936.
and
Commerce
Finance
NEW YORK STOCK MARKET
Generally Strong Undertone
CAUTIOUS ATTITUDE STILL ADVISED
*|--Forster Fachmags and Geoan). Banting business|pany, report:---
Cazrez Accute» opened and › Find Deposits
wiich will be quoted an appilaskon.
A. ERFARLEY,
Manager. Hong Kong, 1st January, 1935.
ECONOMICS IN HOLLAND
BETTER POSITION
- DISCLOSED
BANK RATE REDUCED TO. 2% P.C.
SHARE MARKET
TO-DAY'S QUOTATIONS
***623
$106 1
น
n..
The following is the list of locsi shaze quotations issued to-day:--- Banks HK Bank $1,595 EK. Bank (London)
ex. div. Chartered Bank 16 Mercantile Bank A. and B
Mercantile Bank C £134. I Bank of East Asia $50 n
- Ingurances - Canton Ins. $270 m.. Unions Ins: $370_1- China Underwriters $1.10` sz. Chins Fire ina. $480 x HK. Fire Lax. $250 n. International Assco. $3% n
* Shipping ......... Douglases $36_u- HK. Steamboats $5% n. Indo-Chinas (Pref.), $30 Indo-Chinas (Def.) $20 n. Shells (Bearer) 92/6 n Union Waterbosts $144
Mining Autamoks $1.60 #
-Baguio Gold 20 êts, b
Benguet Consolidated $174 Benguet Exploration 14 cts. a. Big Wedge 12 cts. z. Gold Creeks 30 cts. *.. Gold River Vets, Fi Ipo Mining 90.
Itogons 364 star se Salscots 15 cta, në Kailan Mining Ad. 15/- 1 Langkats (Single) $11 n. Shai Exploration Sh.341⁄2 n. Shanghai Loans Sh.$4. Raubs IL-4D 14 Venz; Goldheld
Messrs. White, Weld and Com-
London, To-day- Yesterday's reduction to 22 pany, New York Correspondents
per cent brings the Netherlande for Messrs. S. E. Levy and Combank rate to the level at which it stood in April last prior to the Stocks The undertone in securrency crisis in the gold bloc seostred for me your organeve periods of cateral is still strong and most issues countries. Since the end of to-day were somewhat higher. September, when the rate stood as For the time being. we continue high as 8 per cent, the situation to advise a cautions attitude has improved steadily and with and the limiting of pur only one minor setback the Bank chases to those issues which have has regained over 133,000,000 of AMERICAN EXPRESS COMPANY, not shown recent marked ad the 187,000,000 guilders lost durBalatoes $17% n
ing the previous six months. Business done: 2,320,000 shares. Nevertheless. despite the im Wheat: Prices to-day registerprovement in the monetary situa ed's small decline, mainly on the tion Folland still retains m possibility of a large export sur favourable budget and faces an plus of Argentine wheat. Desaverse trade position which many mand from the mills and from circles believe will eventually other domestic sources continued force an abandonment of her keen steady.
adherence to the gold standard."
*WEER
INC.
Food::Offeram$5, -Broadway,
Capita Styles Reserves
ALEWIG?
£1.8.$5,000,000.00
2,183,633.06
870,731.05
ICHES:-..
Amsterddes
Greece
Montreux
Finglas
Pitam
Ashana
Appunt
Herzlina
Pane Paipeng
Batterians Boob
Bombay
Hamburg Have Beideline
Clist Magic.
Herskamba Cairo Celestia Calber Covambo Copenhague Dublin Edinburgs
CHROMA
Landa
LoveDe La
- Simahai -Southampton
Mingapor
Moche Cal Marila..
Yakalang Zurich
Hong Long, 3ch Fahenacy, 1998.
THE BANK OF EAST ASIA, LTD.
Autocrist, Capel
Amakers and Undivided Profle
EAM MO
$500.00 $ 7,483,001.00 WELD OFFICE:—HONG SONG, 10. Das Sant Bood, Castra.
SOAKO OF DERTUTORS --- Bee Shownos Chor, Chazeman,
Toon Chun, Esq., F. L. Kwon, Eng.. Wong
Jong, Zig. Wong Chuu Sos, Eng. and Ean Ying
Xan Tang F. Esq, Chief Manager. Li The Fog Esq.. UncaÉNT.
BRANCHES AND AGENCIES :—
Manila
Malbouzas
Seati
beckning
Jambay
Singanci
bheathai
:)
Compa
Baiphong
Korsbela
New York
Paris
Singapes Sou
Papacy
bycury
***INDONE
Tibetan
Perace
Laugowa
Segon San Francis Vancouv
Younbae
Every description of Banking and Exalma ga banchal transacted. Losas prasad on appeavad pecumities.
Current Accounts opened in Local Currency and-Pand Deposts incurred for oor jou o achorius, perioda in local and Foenign Currencies
Meme which will be quoted on application. Bate Depot Bats To st
KIN TONG PO
Chin Maungat,
Tanish
Branches - of- -American Express Company in "Principal cities of United States of America and Canada.
All classes of Commercial Banking Transactions undertaken.
VZICES.
Total sales: 5,787,000 bushels. On the contrary, the pro-gold- Cotton: The disposition of bloc circles point to slight signs loan cotton" still continues to be of recovery in the gold countries, a topic of discussion 01 the principally due to the narrowing market, but otherwise there was down of the gap of prices between no particular feature registered their countries and those with to-day.
devalued currencies.-Reuter.
Flash: Steel Mill activity dur-j ing the past week is estimated at 50.0 per cent of capacity, agamst 49.9 per cent the previous week.
Other New York Stock Ex- change will be found on Page 10.
Personal investment accound BERLIN SHARE
The Company offers to istanding Travellers the use of its “Travelions Cheques" and Lessers of Credit and in addition, the world-wide services of its thoroughly equipped Travel Department
C. EL BENSON,
General Manager.
MARKET
ERRATIC PRICE FLUCTUATIONS
***CHINA MAIL" SPECIAL
Berlin, To-day. The share market yesterday THE CHINA & SOUTH SEA BANK, was listless, owing to the lack
LIMITED
Cincorporated in China) Head Office-Shanghai
Capital
.$7,500,000.00 Reserve
..$1,500,000.00 Branches--All Important Cities in
| Sestanciać.
China Foreign Exchange and General Banking Boxinam Current and Saring Locoasta epsond mod Fired THE YOKOHAMA SPECIE BANK Depolita" required for one year in sharter periods
jas "cases which will ha quosad on application.
SOC Z. CHANG.
LIMITED
Established 1880.
Capital (full paid-up) Yen. 100,000,000 Reserve Fund... Yem. 127,450,000
Head Office: YOKOHAMA
Branches and Agencies at
Nagasaidi Nagoya
Alexandria Batavia
Bertin
Bombay
Calmsta
Canton
Dairen (Dalny)
New York
Qanta
Paris
Peiping
Rangoon
Fengtien (Mukden) Rio de Janeiro
Hamburg
Hankow
Harbin
Hong Kon
Honsiuin
Hainking
Karachi
Kobe:
Londor
Los Angeles
Manila
Moji
San Francisco
Seattle Semarang
Shanghai
Singapore
Sourabaya Sydney
Tientsin
Tokyo
Tsingtan
Tingkow
Manager.
HONG KONG BRANCH: 2. Das Tour Boad, Ceata,
Manager's OfLo
Foreign Exchangé Dept. m General Cle
Cashier's Odion
28366
300
THE WING ON BANK, LTD.
Head Office: Hong Kong 26, Des Voeux Road Central, Authorised Capital $10,000,000 LONDON BANKEES:- Westminster Bank, Ltd.: Foreign Exchange and every des cripton of banking business transact- ed.
Current Accounts and Savings Ac counts opened Fixed Deposits re- ceived at rates, which will be quoted; on application.
Trusteeship & Executorship under- taken. Safe Deposit Boxes fær hire. PHILIP GOCK CHET Chief Manager.
Interest allowed for Current A QUALITY PRINTING
counts.
Deposits received du ized perioda
at rates to be obtained on applice With Quick
C. KISHINĀMI,
Hong Kong, 12th September, 1936.
THE NEWSPAPER INT
Service
POPEYE. “Following Instructions."
DEAR FARI
THIS IS
VER DR
CASTIN
ONT FORGET
of larger buying orders from the investing public, so that price] fluctuations were erratic.
The timover in fixed interest securities was very small, price changes being but slight. City loans were somewhat in demand.
Call money stood at 22 per Cent-Trans-Ocean Service.
RAW RUBBER PRICES
LOCAL DOLLAR STEADY
"Spot" Silver Rises
The local dollar is steady, open- ing on demand this morning | at 1/31⁄21⁄2d
"Spot" silver was quoted at. 19- 13/16.
The London on New York cross- rate was quoted at #—U.S.$5.0234, as compared with US$5.00% while the New York on London cross-rate was quoted at £—US- $5.034, as compared with . £-- US$5.00%
BANK OF EAST ASIA
Dividend And Bonus
Proposed
The Directors of the Bank of East Asia, Ltd., -announce that, subject to audit, the profit for
the year, including the amount
brought forward from last year, and after paying all expenses and
Latest Quotations From charges and providing for all
Singapore
Mesers. H B. Joseph & Co., have received the following quotations from Singapore in Straits Currency for Raw Rubber:
Spot 24 b. Up 1/4 247 s March 24% b, Up 1⁄2 245 S April-June 25 b, Up 1⁄4 254 3 July-Sept. 25% b, Up % 25% 3. Market: Quiet
THE
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in Chins)
Capital paid-up $5,000,000. Reserves
$7,500,000. Capital Savings Dept $500,000. Reserve Savings Dept $500,000. Head-Office-Shanghai
A Bank having as its "mission" the... Industrial development com China and the' fostering" of her commercial relations abroad. Hong Kong Office —
#6." Queen's "Road Central
Phone 31116.
*.
bad and doubtful debts and other contingencies, amounts to $1,012- 797.52, which the Directors pro- pose to deal with as follows:- To pay a Dividend of
$5.00 per share 55,986 shares, absor +bing To pay a bonus of $100 per share on : 56,985 shares, absorbing To transfer to Reserve To pay borns to - the
To carry forward
stak
$335,916.00
55,986.00 150,000.00
35,500.00 435,295.52
- $1,012,797.52
REICHSMARK QUOTATIONS
Berlin, to-day. "The Reich- stark was
without quoted guarantee at New York, 40.81: Faris, 609.5; London, 12.295; and
| Amsterdam, 59:27.
Paris quoted the pound sterling) at 47.30, and the US Dollar at 14,955 to 1496.
Ocean Service.
OKIN:BUT
113. “TAKE A
IN THE
AHOY. THERE MATEY
THE TROUBLE
SEE HOW)
}:
* Docks, etc.
HK. and K. Wharves (ok)
$103 元
HK. and K. Wharves (new)
$1001⁄2 1
HK, and W. Docks $9 n.
Providents (old) $2.15 s. Providents (new) 50 cts. 11. Hong Kew Sh. $2573⁄41⁄44 1. New -Engineering Să n Shanghai Docks. "$80 n.
Cotton Mills
Ewo Cotton Sh$8% n. Shanghai Cotton (old) Sh.$75:
The
I
Zoong Sings. Sh.$12 n..
Wing On Textiles. Sh. 425-n, ;
Lands, Hotels, etc.
CANADA'S TRADE IN 1935
ECONOMIC RECOVERY
NEARER
TREND IRREGULARLY UPWARD
Ottawa. THE trend of economic conditions in Canada during 1935 was
prospects issued by the Minister of Trade and Commerce (Mr. W. D. Euler).
Many adjustments are still necessary, and Canadians have difficult problems to face, he states, but on the whole constructive. factors dominate the situation. Interest rates and short-term loans and Government bonds remain very low, this being a hope- ful factor since cheap money is a potent influence for recovery.
The volume of Canadian crops, despite the decline in the wheat harvest, was greater than in the preceding year-The activity of the industries producing material for the expansion of plant and equipment was considerably accelerated in 1935 This suggests that many enterprises are preparing for greater. operations in the near future.
Steps are being rapidly taken below that-of-1928 and 1929. to reduce tariff-barriers by The result was that-large num negotiation, enabling the people bers of the increasing active of the Dominion to take fuller population remained unemploy advantage of specialisation by ed and many plants were either the acceleration of international idle or operating at a point trade These developments much below capacity levels. A will have a beneficial effect upon mandate was recently-confer Canadian conditions, and bar-red upon the present Canadianr ring unforeseen contingencies, administration to encourage ex- 1936, the Minister predicts." ternal trade by the lessening at
The level of business opera-Governmental restrictions. tions. in 1935 was, of course, furtherance of this policy, a trade agreement was success- fully concluded between this
H.K. TELEPHONE country and the United States.
CO., LTD.
Extract From The Accounts
The important
gain in Canada's external trade was. 8 feature of the year, says the Minister of Trade and Com merce. The exports of Cana- dian produce during the first 10. months of 1935 were valued at: $576,800,000, compared with $526,900,000, in the same period Subject to Audit, the Director of 1934 This gain of 9,5 per will embody the following in their cent while by no means spec- Report to be submitted at the tacular, must be considered as. Forthcoming- Annual General satisfactory......": |Meeting:-
-PAYMENT OF DIVIDEND
Accounts
More Bountiful Crops
The Balance at credit of Pro Some improvement was re- fit and Loss Account for the year corded in the position of pri-
to: charging
Shanghai Cotton (new) Sha41 ended December 31, 1935 (12-mary-producers in 1935. Crops.
clading the sum of $150,213.50 on the whole were more bounti brought forward from the ful than in the preceding year. |vious year), =-amounted
Wholesale prices for many farm $1,307,333.32 After $311,581.63 for Depreciation and ducts, reached a higher level products, especially animal pro effecting on August 2, 1935, the payment of an Interim Dividend metals was the feature of the
Increased production of 4 per cent, absorbing $225, mining industry, the output of 000.00, there remains the sum of copper, nickel and zinc record- - $770,451.69, which the Boarding new high points in history. commend be sypropriated as fol The output of gold was also lows:-
HK. and S. Hotel $5 $. HK Lands 236 sa HK. Leads 4% Debentures
-100%
Shanghai Lands Sh$18 n......... Metropolitan Landa Sh. $10 Humphreys $10,65 r. HK Realties $5.85 'n. Chinese Estates $84 m. Chins Realties $6 n. China Debentures Sh. $60. 11.
Public Utilities
ELK Tramways $13 b. and sa Peak Trans (old) $672 b Peak Trams (new) $21⁄2 n. Star Ferries $96 n Yaunsti Ferries $19. C. Lights (old) $11.10. b
$11/1110-32.
C. Lights (new) $8.20 n H.K. Electrics $12 8. Macao Electrica $20 in. Sandakan Light $434 n. Telephones (old) $26 sa. Telephones (new) $10.20 n China Buses Sh 11 1 Singapore Traction 17/42 b. Singapore Traction Pref. 26/-
Industriais
Malabon Sugar:$8.40 ̧z.. Cald., Macg. (Ord.) Sh.$191⁄2 2 Cald: Mseg. (Pre), Sh‡15 Canton Ices $170-12- Cements $9.40 a
HK Roper $54 1 Stores, etc. Dairy Farms" $22 n. Watson $5 s
Lane, Crawfords $6% n Macintosa 35 2. Sinceres 2.90 s.
W Powells 70 cts. ZL Wing On (HE) $54 1.
To-morrow
To payment of a Final
Dividend of 80 cents per share on the Folly Paid-up Shares (mak- ing 12 per cent for the year)
To payment of a Fimal Dividend of 20 cents per share on the Part- shares ly Paid-up
(making 12 per cent. for the year)
$400,000.00
To Transfer to General -
Reserve "(bringing
up to $765,- 964.00)
Carry forward to nert
Account
greater due to the arrival of many new mines at the produc- tion stage.
Other Commodities
The lumber industry, mez- sured by the number employed, was more active, but the export of planks and boards showed re-. cession, dne mainly to reduced shipments to the British mar-
000.00 ketɗf
The tput of
newsprint: reached a new high point, but. the price remained at depres
170,482.00 sion levels.
The catch of sea fish showed 149,969.69 & decline of 2.6 per cent, and value showed a corresponding 025169 tendency. Exports of fish, however, including canned sal- mon, were worth about 7 per cent more than in 1934
Miscellaneous". Entertainment. $4.70-2he S. C. Enterprises $1.35 n. Macao “Greyhounds” $2 n. Constructions (old) $13⁄4% Constructions (new) 59 ctx Vibro Piling $4 K Ch. Govt 5% 1926
34% n
There were mány other bright features. Output in the automobile industry, gained :30 per cent, in the power indus.. nity about 11 per cent. Fur exe ports were almost maintained GSBO«and the iron and steel industries showed marked gains.
HK. Govt 4% Loan 31%%
prem
The production of manufac turing plants was appreciably in E.K. Govt. 33% Loan 5% disadvance of 1934, while the gain
Wallace Harpers #4 n
Underground Work.”
NOU HAVE TO DIG
MPKI
in employment was more than 17 per cent Beuter
HONG KONG S DIRECTORY
- 1936 ISSUE
WOW
Cepy