£3,000,000
BANKS
HONG KONG AND SHANGHAI THE CHARTERED -BANK- OF BANKING CORPORATION ~INDIA, AUSTRALIA & CHINA.
Authorised Capital ...$50,000,000 Incorporated by Royal Charter, 1855. Insored and Polly Paid-ny“. 20,000,000}^3- Bavarra FunŠE.—
Sterling
£8,500,000. $10,000,000 Reserve Bability of Pro-
pristors
HĽAD OPREME, HONG FONG.
BOARD OF DIRECTORS.
1. H. Dodatki Zg.
Deputy Chitam.
Hon. Mr. W. H. Bell
How. Mr. J. I. Paterson
A. E. Compton “Esq. T. E Perce Est, Mr. Johnson Deg, IL Plummer Jag © Mixkin Esq., ANLS Shields Esq.
T. 2 Gayboes.. Eng -
XELICIESÂ
LONDON
LIOSS
KALACCA
HEAD OFFICE: LONDON Paid-up Capital son sees „£3,000,000 Reserve. Food... Reserve. Lishiity of Pro-
prietors
INDY
FALKOT
KOHOLT
KOWLOOK KUALA LUMPUR
NCAB (Johor)
*****
PIMPINO
PEKING
RANGOON
.SAIGON
“KAN PRAMOGO
SHANGHA?
SINGAPORE SOCKABAYA
SUNGEI PALAXY
TOWO TSINGTAO YOKOBAMA
Carte Accounts opward in Loumi Cazemey and Fized Dupiste recarved for one yet, SE plaster periodo in Lucul Carrancy and Sundling
an busty witină, will be quoted on application.
ALMO up se dem BATË DEPOELİ” BDIYS ÎN PRODON VÙNG TO LET
Haag. Lang. las Sorenber, 20
HONG KONG SAVINGS BANK-
The Buritama of the above Beat is conducte. så 37 the HONG KONG AND SHANGHAI JAMÓNG CORPORATION. Bains may be shesined as appliceman..*
FOR THE HONG KONG AND SHANGRAI RANKING CORPORATION.
V. J. GRAYSCEN,
Agencin and Brunchon:
THE CHINA MAIL, WEDNESDAY, FEBRUARY 5, 1936
↑ COTTON TRADE and
IN ENGLAND
Commerce
Finance
NEW YORK STOCK MARKET
Heavy Volume Of Trading
SHARE MARKET
TU-DAY'S QUOTATIONS
Banks
Bill On Redundant Spindleage
ALARMING STATE OF INDUSTRY
London, To-day.
Moving the second reading of the Cotton Spindles Bill, which
FINANCES OF CHINA
Conversion Scheme Planned
DETAILED STATEMENT OF IDAKS
Following the anno
Shanghai, To-day.
next of! on bond
The following is the list of local aims at a considerable reduction share quotations issued to-day in redundant spindleage, the Dr. H. H. Kang's pro
cost of which will be paid out issues last Messrs. White, Weld and Com- EX Rank $1,590 b
of a levy on the remaining now being pany, New York Correspondents)` HK. Bank (London) $106. spindleage, Mr. Walter Rune version of for Messrs. S. E. Levy and Com
Chartered Bank £161⁄2 n. pany, report:—
Mercantile Bank A and
Stocks: The market to-day was strong, with the volume of Arad- ing on the heavy side. Railroad stocks were in prominence. The General Hocking beads continued advance is somewhat megével for one Jutr modene pink mapuzzling, especially in view of the
Xiang Hong
Capes
which will
Manage
Hong Kong, 1st January, 1935.
THE
AMERICAN EXPRESS COMPANY,
INIC
Head Offers $5, Broadway, New Jack
·Capital ... U.S.$6,000,000.00 Suple
2.183,633.06 Reserves
870,731.05
BRANCHES:–“
~ Amsterdams
Chamon Changour
Monnow
daa
Astwicz
مطور
Buriza
Bombay
Bratis
Kavaca Hamburg Erre Heidelberg Interlaken
Naples
Paris Priping
Botardan Bote Shanghai Gouthampton
Broad
Cairo. Calmetle Canber
Chaal Manager.
Hong Kong, “150th February, 1985,
Lanta Liverpool. Lecetas
Laser
Mouis Carla
Vonios Iphghams Zuzion
Colombo Copenhagen Dublin Edinburgh Florens "Ganey's
THE BANK OF EAST ASIA, LTD. Manich
Authoriană. Capual
ستعلا
Branches of American Express
$58.000.00 Company in Principal cities of United
Bawers and individed Profits --- 1480,000.00 | States of America and Canada.
-HEAD OFFICE:-BONG LONG.
20. Das Fance Bood, Centrale
BOARD OF DIRECTORS :-
Se Shou-son Chow, Chairman.
I Koon Chun Lagu R. Bu Evos, Lagu Tong
fact that there is but little speculative buying. The market has now reached the danger zone and we would advise traders to Thold of for the time being,
Business date: 3,020,000 shares.
Wheat: The market to-day was very quiet, with price movements confined within narrow limits. It is felt that some substantial de- cline is necessary to sitract buy- ers. Total sales: 11,763,000 bushels
Cotton President Roosevelt's decision to repeal the Bankhead; Cotton Act has taken traders by surprise. It is felt in SOME quarters that the President's ac tion is in connection with the Administration's substitute Grup control programzine.
BERLIN SHARE MARKET
BUSINESS WEAK
-CHINA MAIL" SPECIAL
Berlin, To-day. Except for some special stocks,
All classes of Commercial Banking business on the share market-yes Transactions undertaken,
terday was weak, prices weaken-
Personal investment accounts handing all round.
Lam Long, Eag, Chên Chẳng sama. Eng. La Ime: led. Bang, L. Woog Cha Son, Esq. and "Tan Ting To. Log
Tas Fuer Po, Eq.. "Crist Muanque."
i Tas Fong. Esq. Manger.
BRANCHES AND AGENCIES:-
Kaiphong
dood
ول
Kari'a
Melbourne
New York
நெக
Pacin
.Paiping
Pasang
Bangona
San Francisc
Sartamer
jumpor Bourbe
Sydowy
Thibau
otsia
"okynes
BOO
Yakshams
Ever description of Banlang and Exekungs baeidena transalted. Louna granted on apartadi
Current Locounts opened in Local Currency | and Fixed Depozita tuomited for Dor shacles periods in Local and Foreign Currencie
terms which will be quoted on applics. Beda Deyous Bottes To Let fin
KAN TONG PV,
Chief Magic.
The Company offers to Travellers-the use of its “heavallers Cheques" and Letters of Credit and, in addition, the world-wide services of its thoroughly equipped Travel Department.
C. EL BENSON,
General Manage
THE CHINA & SOUTH SEA BANK, LIMITED
(Incorporated in China) Head Office Shanghai Capital
-$7,500,000.00 Reserve Branches-All Important Cities in
$1,500,000.00
China Foreign Exchange and Gromeen! Banking Bosions | Bragancsed.
Corrent, and Sering downta opened, and Fized }Deposits received for one year të aborter periods
sou - ChiNG..
THE YOKOHAMA SPECIE BANK strains with will be quoted on applestion
LIMITED
Established 1880
Capital (full paid-up) Yen. 100,000,000)
Reserve Fund..... Yes. 127,450,000
Head Office: YOKOHAMA
Branches and Agencies st
Nagasaki
Alexandris
Batavia
Berlin
Nagoya New Yok
Osaka
Paris
Peiping
Kangoon
Fengtien (Makden) Rio de Janeiro
Bombay
Calcutta
Canton
Dairen (Dalny)
Hamburg
San Francisco
Hankow
Seattle
Hazbin
Semarang
Hong Kong
Shanghai
Hamsinlu
Hrinidag
Karachi
Kobe
London
Los Angeles
Manila
Moji...
Singapore
Somabaya Sydney Tientsir
Tokyo Tringian
Yingkow
Kanager.
HONG KONG BRANCH:
•24, Des Tacx Road, Central.
Manager's CHCE
Forsian Exchange Dept.
General Omar ·
Cashiers 05
THE WING ON BANK, LTD.
Call money stood at 3 to 3% per cent-Trans-Ocean Service.
REICHSMARK QUOTATIONS
Berlin, to-day-The Reichs- mark was quoted without guarantee jat: New York, 10.82: Paris, 609;
Amsterdam, 59.29; and London.. 12315. Paris quoted the pound sterling at 7506 to 75.09, and the US. dollar at 14935 to 14.94- Trans-Ocean Service.
THE MERCANTILE BANK OF INDIA, LTD.
HEAD OFFICE: Gracechurch Street, London, ECA Authorised Capital £3,000,000 Subscribed Capital Paid-up Capital Reserve Fund & Best. 1,247,330
BANGIOLES:
1,050,000
The Back Cf Eagland è Midland Back, Lad.
BRANCHES
Bangini
Bombay
Calestin Colombo Delhi
Galle
Bowras
Ipch
Karachi
(Kata Bharu, P.
Kuala Lipis
New York Fowing
Port Lazis
Pangoon
Susie Lampar Shangh
Bastion (Palmop) Standa Varna
Singapore
HONG KONG BRANCH.
Head Ofee: Hong Kong 26, Des Voeux Road Central Authorised Capital $10,000,000. LONDON BANKERS:— Westminster Bank, Ltd.: Foreign Exchange and every des- cripton of banking business transacte, T-Queen's Blad Cantes ed.
Hong Kong. 24th July, 2085.
Every description of Banking and,, Exabangs ['busizwen, szanak.cled..
Pravollars Cheques iamond.
Framing and Exsecteshiya undertakin INTEREST allowed, on Current: Apnoesela Pized Deposita ut Estes that may be, snoertained on application.
Current Accounts and Savings Ac counts opened. Fized Deposits ze cived at zates which will be quoted on application..
Trusteeship & Executorship under- taken. Safe Deposit Boxes for hire. PHILIP GOCK CITY. Chief Manager.
Interest allowed for Current & QUALITY PRINTING
Deposits received for fixed periods
at rates to be obtained on application.
C. KISHINAMI,
Manager Hong Kong, 12th September, 1986.
ww
With Quick
THE POSITEPAPER
ЛА
Manage
THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED
(Incorporated in ̈ China) •
Capital paid up **** $5,000,000. Reserves
$$7,500,000 Capital Savings Dept. $500,000. Beserve Savings Dept. $600,000.
Bead-Office-Shangazi
A Bank having "as its mission the industrial development on China and the fostering of her: exmmercial relations abroad.lg Hong Kong Office-
6, Queen's Road Central Phone 31116
POPEYE Underground Work”
I'VE GOT A KICK TO MAKE AGAINST THE GOVERNMENT! 'MY "TOMATDES ARE DOING FINE. BOT:MY POTATOES ARE A
OMPLETE FIZZLE:UMSA
-COME OUT TO THE ARM WITH ME -
NO POTATIES EN? ) „THA'S BAD
·BUT
CAN RAISE TOMATOES SKAY
LOOK AT "THE
Mercantile Bank G. £13, n. Bank of East Asia $90. n
Insurances.
Canton Ins. $270) 2. Unious Ins. $570 m. China Underwriters $1.10 China Fire Ins. $430 1 HK. Fire Ins. $260 m. ̈ International Assea. $331 a.
-Shipping
Douglasen 336 z
HA Steamboats $514 m. Indo-Chinas (Pref), $30 M. Indo-Chinas (Def.) $20`n. Shells (Bearer) 93/12 Union Waterbosts $141⁄2
Mining
man, President of the Board of bonds into two a B Trade, said in the House of the period of four Commons yesterday that the, learned yesterday output of the industry was now
Antamoks $1.60 2. Balatoes. $17 A Baguio Gold 20 cts. z. Benguet Consolidated $17% n. Benguet Exploration 14 cts. 1. Big Wedge 12 cta. . Gold Greek, 30 ct... Gold River" cts. I
Ipo Mixing 90 cts. n. Itogons: 361⁄2 dia. za Salscots 15 ets, 12 Källan Mining Ad 15/2 n. Langkats (Single) '$11 n. Shei Exploration Sh.$431⁄2 n. Shanghai Loans' Sh$4-n- Raubs $1140
Tenz; Goldfield $3 b
Docks, etc.
HK and K Wharves. (old)
$103 I
EK and K Wharves (new)
$1001⁄2 *.
HK. and W. Docks $8 n. Providents (old) s Providents (new) 50 cts. Hong Kew Sh. $2371⁄2 1. New Engineering Sh.44 m Shanghai Docks, $80 Cotton Mills
Ewo Cotton Sh$84. Shanghai Cotton (old) Sh$75
1.
Shanghai Cotton (new) Sh.41
w
Zoong Sings Sh.$12 n. Wing On Textiles Sh. $25 г. Lands, Hotels, etc. HK and S. Hotel $5% 5. HK Lands $36
HK Lands 4% Debentures.
100% a
.
Shanghai Lands Sh.$18 z Metropolitan Lands Sh. $10 2 Humphrey's $10.65 HK Realties $5.85 Chinese Estates $84 1 Clains: Beatties $4 zu Chins Debentures Sh.$60
Public Utilities: HK. Tramways. $13 n. Peak Trans. (old) b Peak Trams (new) $231⁄2" n. Star Ferries $96, z
Yarmati Ferries $191⁄2 n. Lights (old) $1115 sa CLights (new) $8.20 n ELK. Electrics $71% b., $7034/-
71sa. Macao Electrics $20 m Sandakan Light $434, n. Telephones (old) $25.80 b. Telephones (new) $10.28 . China Buses Sh$111⁄4 n Singapore Traction 17/41⁄2 m Singapore Traction Pref. 28/-
Triflustrials
Malabon Sugar $8.40 n. Cald., Marg. ·(Ord) Sh$191⁄21⁄2 2 Cald: Macg. (Fred), Sh$15. n. Cantor Ices $1.70 b. Cements $9. HK. Ropes $574 12. Stores, etc. Dairy Farms $22 *.
Immediately
Dr. Kung's Chiang Lut
Dr. Kung Leaves
oficials
NEW ADVERTISEMENTS
HUMPHREYS ESTATE AND- FINANCE COMPANY, LTD.
FOTICE IS HEREBY GIVEN
NOTICE
that the ANNUAL ORDIN- ARY GENERAL MEETING - OF SHAREHOLDERS will be held at the Hong Kong Hotel, Hong Kong on TUESDAY, the 18th. February. 1996, at 11.30 am, for the pur- pose of receiving the Report of: the Directors together with a Statement of Accounts for the year endað Sist. December 1995.
The TRANSFER BOOKS of the Company will be CLOSED from SATURDAY, Sth. February-to- TUESDAY, 18th February, `both days inclusiVE.
JOHN D. HUMPHREYS & SON,
General Managers. Hong Kong, 31st Jan, 1996.
....
HONG KONG TELEPHONE COMPANY LIMITED.
TOTICE IS HEREBY GIVEN.
Nat the ELEVENTH OB-
61 compared with the index announceme figure of 100 for 1912, while Chief of the LoanDepartment, the export of piece-goods was and several other jeven more alarming at 29 and were telegraphically sinamated to 100 respectively. Spindles were Shanghai from Nanking to com- now 77 compared with 100 in pile a detailed statement of loans 1912.
with outstanding principal and The levy would be imposed for interest unpaid, and also an amor- 15 years. The Government was tization statement for the pro- prepared to reconsider the Clause posed new loans. These state- 15, which forbids the installation ments will be ready shortly. of new spinning machinery in the first three years and also prevents Dr. HE Kung left Shanghai DINARY YEARLY MEETING" a newcomer entering the industry.for Nanking on Monday night to or HONG KONG TELEPHONE Half the spindles to be wiped out report to the Executive Yuan the COMPANY, LIMITED, will be- were in idle mils or mills not circumstances leading to the de-held on THURSDAY, the 12th working at fall time. Some cision to issue the new bonds. 28,000,000 spindles favored the! Meanwhile the Chinese Mer-BOARD ROOM of the Company, Bay of March, 1936, at the- proposals, and 11,000,000 were chants' Bond Stock Exchange was Second Floor, Exchange Build- against them.
ordered to suspend business and ing, Hong Kong, at Noon, for the Mr.
J. R. Glynes (Lab, Plat-continued to be closed yesterday-purpose of receiving a Statement ting), on behalf of the Labour I will remain ciésed until further of Accounts, and Party, opposed the bill on the instructions from the Ministry of the Board of Directors, for the. the Report of ground that it was insufficiently Finance. comprehensive
Approval In Nanking
financial year ended 31st Decem- Labour Amendment Defeated
ber, 1935, and re-electing two Later: The second reading of. H. Kung to issue consolidated
Nanking: The proposal of Dr. Directors and the Anditors. The TRANSFER BOOKS
Of
the Cotton Spindles Bill was car loans in exchange for the 30 or the Company will be CLOSED ried after a Labour amendment
for its rejection had been defeat-more kinds of bonds met with from the 2nd March to the 12th ed by 237 votes to 149-Renter
hearty approval from financial March 1936, both days inclusive. experts here.
Other New York Stock E- change will be found on Page 10
LOCAL DOLLAR
. STEADY
Dated this 4th day of Febr ary, 1936.
Order of the Board,
W. L. MCKENZIE,
Secretary.
Among those who joined in the chorus of praise were Messrs. Wei Ting-sheng and Chen Chang- [heng, members of the Financial Committee of the Legislative Yuan, who voiced Dr. Kung's pro-24, Des Voeur Road Central, posal with much appreciation jwhen interviewed by the Central
New Agency yesterday.
Hong Kong.
Understone Firm
In view of the European poli-
The local dollar is steady, open- ing on demand at 1/3
be considered "Spot" silver declined 1/16 to when readjusting the | 193
Government bonds. The London on New York cross"}, rate was quoted at —US$5.02.
They nevertheless expressed the this morning opinion that several points must tical unsettlement the undertone- by the Treasury of the market has remained firm. existing Probably on account of the uncer
Three Points
tain outlook as to the future trend" for values, many bayers appear to
1. After the banks have taken be withholding their commitments while the New York on London them to the public so that public apparent. as compared with US$5.02 up the bonds, they should sell until the position becomes more- cross-rate was quoted at £-US capital can be absorbed, aby $5.022, as compared with 2 The US$5.034-
RAW RUBBER PRICES
Latest Quotations From Singapore
Messrs. H. B. Joseph & Co., have received
the following quotations from Singapore in
In the opinion of exports, how Government should ever, it hardly seems likely that strictly prohibit promissary sales there will be any appreciable ease- and purchases of bonds in order for some time. Mail news from
to stabilise the bond market and Intia was not very enlightening to check speculation and manipu-and reflected holiday influences to- jlation
some extent. The volume of en-- 3. The interest rate of the quiry has been small and nearly said six bonds should be strictly all the markets seem to be holding restricted. Central News Agency. up business pending some hist of"
the probable outcome from the present Tariff Board discussions. Light whites and fancies have
Karachi, but only odd lots have been placeri
Straits Currency for Rar Rubber WEEKLY MARKET under offer for calenta and
Spot 24% b., Up 1⁄4 25, March 24% b, Up 25 s April-June 25 b., Unchanged -2524 s.
July-Sept. 25% h Unchanged
251⁄2 s.
Market: Steadier.
Watsons $5 n
Lane, Crawfords $6% 1. Mackintosh $5 n Sinceres $2.90 s. M WE Powells 70 cts. n. Wing On (HK) $642
Miscellaneous Entertainment $470- n. S. C. Exterprises $1.35 1. Macao "Greyhounds” $2 ni Constructions (old) $13⁄4 n Constructions (new) 50 cts. Vibro Piling $4 Des
REPORT Lättle Change In Values
MEAGRE INTEREST SHOWN
BY TRADERS
China Disappointing. Both fancies and dyed styles have been in demand for Bombay, whilst the up-country outlets have put forward a fair : enquiry for the standard printed styles. China continues to be very disap-- Messrs. James F. Button and pointing and is possibly awaitingTM Co., Ltd, Manchester, reported as further political developments. follows on January 1:-
The other Far Eastern markets: Owing to the Christmas holidays have placed meagre orders for we did not issue our usual maz-fancies
Icet
report last week. Little Both Singapore and other alteration has occurred in zaw Straits Settlements markets have cotton values during the past few booked shirtings and enquired for days, and traders have shown poplins Scattered sales have little interest. The United States taken place for Egypt and the ginning returns to date are given Near Bast, chiefly in specialities |st 9,753,000 hales, which compares and the finer bleached cloths Ch. Govt 5% 1925 GSBJ-with 9,362,000 bales for the pre-West African houses reports
vious report. While these figures steady business mostly for printed
HK GovL 4% Loan 3% % prem. have hardly any effect upon prices and the heavier dyed styles. Of it is doubtful whether the final the Dominions both South Africz- beginnings will correspond with and Australia have been interest
Icrop expectations.
HK. Govt. 3% Loan Wallace Harpers $4 n-
To-morrow.
DIG'EM UP.
BETTER DIG EM
"KONSTILL. DO
"Miss Paul Revere
ANTHAS THE KIND
OF SAPS- AGOT TO BOLD A NATION WITH
led in most standard clothe
HONG KONG S DIRECTORY
1936 ISSUE
NOW
IN THE PE
Order Your Copy Early
Wyndham Se