BANKS
“HONG KONG AND SHANGHAI
THE CHARTERED BANK OF BANKING CORPORATION INDIA, AUSTRALIA & CHINA,
Authorised Capital
$50,000,000
Issued-and Fully Paid-up 20,000,000
Laserve Fundamen
Sterling
Silver
Reserve Liability of Pro-
ykstoma
ented by: Boyal Charter, 1855,
HEAD OFFICE: LONDOT Paid-up Capital
Reserve Fund
Reserve Liability of Pro-
prietors
... 6,500,000
$10,000,000
$20,000,000
Alor Se
Amci
XIAD OFFICE: HONG KONG.'
BOARD OF DIRECTOR
& Dodwell. Eng. Chalman
c. C. Kalpku, Eng.
Deputy ChaTIDES.
Hon. Mr. W. E Bell
.N
Hon. Mr. J. J. Paterson | č AE. Compton Esq., T. E. Pearce Esq., Colombe
Agencies and Bes
Calami Canton
Cavipas
Maolla
New York.
Hamburg Beaker Barbi
Did
MT. Johnson Esq., LA. Plummer Esq. Reptong G. Miskin Fag. A. L. Shields Esq.
ANOT
COLONESO
KALPHONED-
HAMBORG ALEKOV
HOBOKEN.
HOLLO
TOH
JOHORE
-KORE
SUWLOOK
T. Grayburn, Esq
Clist Manage
BRANCHES
ETALA LUMP#B
LONDON
LYONS
MALACCA
MANA
NTAS Cnbora)
MURDER
NEW YORK
PELPING
PEXING
RANGDON
SAIGON
SAN FRANCISCO
SHANGHAI
SINGATORY
BOURABAYA --. SURGE PATANI
ENTS N
TOXYO
- TSINGTAO
TOFOBLLYA
Carret commas aprond is. Loos? Currency
Picked Duponte reomyed for toe your se shorter parimba ta. Las! Correazy and Backing
a terme which will he quoted on applicatio
4180 up to date SAFE DEPOSIÍ BOXES la variazan s TO BEL
Hong Kong, 1st November. 13.
HONG KONG SAVINGS BANK
The Dominom of the above Bank is conduct- by the HONG KONG AND SHANIFAL
RAINING CORPORATIOS.
ked on application.
FOR THE LUNG KONG AND SHANGHAI BANKING CORPORATION.
Puping
(Paking). Peng
Tokomiczn Lebangs
Fomigo Tankings, and Gummel Banking hontou neggevel-for_vom_mic or shorne paroda ak zab
O ACORN Sć do Piand Deposios wick will be quoted in appilestion.
A. HEBARIK
Manager. Hong Kong, 1st January, 1955.
THE
INC.
Head Office:65, Broadway, New York
Capital Surpina
THE CHINA, MAIL-FIDAY, OFERTUAKT
ommerce and Finance
NEW YORK STOCK
MARKET
Daily Market Action Really Impressive
BUT HIGHLY VULNERABLE
NEW YORK STOCK EXCHANGE
Latest Quotations
February
NF. Cotton
May
10.66 10/1 10.70 NY. Rubber. “ Messrs. White, Weld and Com- March 15.150 15.25 pany, New York Correspondents! Chicago Wheat
Ma ffor Messrs. S. E. Levy, and Com-
Chicago Corn pany, report”---
Muy
13:25
99%
60%
9914
*60
30%
30% 304
1854
783%
58%
58
39%
35
Stocks: The daily market STOCKS action is really impressive, with Anaconda
Electric Bond & special gratips taking place. The daliness and minor setbacks of Copper
Share fact film that issues of doubt- General Hotnes 58 fal-melt have risen even faster! Montgomery
Ward than sound dividend paying se
INE. Central
565
38
35
KST.
51% 51% 51%
curities and the market to-day is US Steel 35 highly vulnerable. Continued in The following quotations from Lon- AMERICAN EXPRESS COMPANY, Proved business conditions com-don were received last night between
paratively low brokers' loans and 5.30 pm and 10.30 pan. the assurance of continued cheap! Silver Spot 19-7/16 (last case),
19-7/16 (last received), unchanged. moner remain long-pull banish Silver Forward 195/16 (last close). ¡Lactors, but we think that new 193 last (received), 1/16
commitments should be cautious-] (change).. US$8,000,000.00
Silver Report:-India bought and 2183,53306ly made here and restricted to
$70.-31.05
stocks with good present and sold Speculators bought. Business
small. Market steady. higher prospective earnings like Liverpool Cotton-May 5.71 (last the Commercial Credit, the Stan-case). 5.70 (last received), .01 down' dard Oil Company of Indiana, Ra- (change).
Wheat-March Liverpool
6/22 dio preferred. Chrysler, Caterpil- lar Tractor. Loews, Scherley pre- downofchange).
(last close), 6/24 (last received), ferred. Tide Water Association London Rabber-April-June (buy- General Motors and the Chesa-ers). Té (last dóse), 73% Cast peake and Ohio. Business done:ceived), metanged. |–2,750,000 shares.
Reserves
Amataránen Antwerp Athaba
Anuma
BRANCEFS
Geno
Glasgow
he Lingue Bar Bamber Harro
Beidelburg Insulakan.
Mootwax
ده
Singles Pr
Pacia Piping
Bertin
Sang may be
Bombay Bearmats Bennin
Cairo
London
Calentin Cazena
Iverpool
Locom
Colambo
Chust Macugat.
Copenhagen
--Labor
Kong Lang, Bih February, 240.
Imblin
Edenbur
Monte Carlo
Florens
Maailm
.. Zurich
Genera.
Kasick
V. K. GRAYBURN,
THE BANK OF EAST ASIA, LTD.
Jaatorived Capitai
-$10,000,000.00
مصرية
То
THOLICS
Yokoham
Branches of American Express Pad-up Cap 6,000.00 Company in Prixipal cities of United
States of America and Canada.
Emmers and Undivided Prodi ———-$ 2,680,001.00
HEAD OFFICE-HONG BONG.
De Vaux Rosti, Ceutral.
BOARD OF DIRECTORS—
Салтанма
-
Tous
Id Lose Chaz Bag P. I Kwok, Em...
Bang Eng. Wong the sun, Eng. sod bao Xing
Bavaria
Isa. Tung Pa, Eng., Chiat Manager.
Li In Foug. Eng. Manng VN
BRANCHES AND, AGENCIES ----
Macis
Maiboerus
Sagoki
Bastile
Semang
theogha
Sourabaya
Sambay Slogis
New York
Siopapir
Quake
Sinbons
Paris
Sapkow
Резка
Sanokula
Pecans
Bezgoda
Kowloon
Segon
London
5. Fro
-
Sydney *hoka Fientean
1 algo Vancouver Ichcha
Transactions undertaken.
"Wheat:-The possibility of oc- COMMODITY PRICES casional crop scare and the mo-
dest commercial supplies suggest
The following quotations bawa.
the advisability of purchases on been received by Renter. setbacks for trading profits. To
tal sales:-7107,000 bushels.
Prev. Yesterday
Closing Casing
"Cotton:-It is generally be New York Cotton:— lieved that Government or Pool March
10.93 11.09 10.66 10.78 10.44 10.55 10.14 10.23 10.14 10.24
All classes of Commercial Banking selling will not depress prices. May We expect further strength in July Personal investiment accounts hand-the old-crop positions.
October "Rubber:-The Trade is buy-December The Company offers to intending ing nearby futures. presumably January Travellers the use of its "favellers intending to take delivery. Specu-Spot Cheques" and Letters of Credit and,lative participation In addition, the world-wide services
remains ne- New York Rubber:-
of its thoroughly equipped Travel gligible. Total sales:-304 lots. March Department.
C. EL. BENSON,
General Manager.
Every description of Banking THE CHINA & SOUTH SEA BANK,
benches tracected. Lontan, grassed on approvad
Comment Accounts opened in Local Currency and Fixed Deponite mousted __int on your * vorter perioda za Lomi sod Forvigo Carracion a tarra which will be quoted ice "application.
diada Depons Bose To Let
ELS TONG PO,
Cast: Managu.
LIMITED
(Incorporated in China) Head Office-Shanghai
Capital
$7,500,080.00 Reserve
$1,500,000.00 Branches-All Important Cities in
Ching
U.S. SILVER
POLICY
Upward Revaluation Opposed
Washington, To-day.
May
July
September
1936
SHARE MARKET
TO-DAY'S QUOTATIONS
The following is the list of local share quotations issued to-days. Bak
HE. Bank 311,605 33- RK Bank (London) #104% 1
ed dire Chartered Bank £164 n. Mercantile Bank A and
Ruble Bank C. £154 1
Bank of East; Axia $30 m.
Insurances
Canton Ing. $2TO E Unions Ina. $565 3. China Underwriters $110 China Fire Ins $480 n. EK Fire Ina. "$250 mi International Assool $934 m
Shipping
Douglases $36*12* HK. Steamboats $51⁄2 n. Indo-Chinas (Prel), $30 Indo-Chinas (Def) $90 1. Shells (Bearer) 91/3 in. Union Waterboats $1454 **** Mining Antamoks $1.55 b, $1.60 58. Balatoes $144 1.
SUGAR TRADE
PROBLEMS
NEW ADVERTISEMENTS
Conversations Held HONG KONG HORTICULTURAL
With Dutch Interests
London,
In connection of the British promote aa Bment on the subj
Baguio Gold 20 ets. n. Benguet Consolidated $1734 D. Benguet Exploration 14 cts. I. Big Wedge 12 cts. n. Gold Creek 30 ets. Gold River 7 eks. m. Ipo Mining 90 cts. n. Itogons 361⁄2 eta, D. Salacots 15 eta. 11. Kailan Mining Ad 14/9 "n Langkats, (Single) $11 n. Shaï Exploration Sh.44% n Shanghai Loans Sh.$4 Ranbs $11.40
Yenz, Goldfield $3 bi
Docks, etc.
Henry Fountain, of Trade, and ME The Hague, and on Wednesday held
with the officials of the Du Government with the object
SOCISTY
HE ANNUALE SHOW OF
FLOWERS
TABLES Nlf be✅ halt¬ VOLUNTESEEK
on-THURSD
1986, from 3 p.mì FRIDAY, the 6th
(10 am to 4 para
DQUARTERS
5th March, 6:30 p.m. and i March, -fram
ENTRIES WILL DEFINITELY CLOSE at the Hon. Secretary 5.. Ofee, Stock Exchange Building,
exploring the possibilities of Ice House Street, at NOON 02 THURSDAY, the 2th February, achieving such an agreement.
Detailed examination was given 1936, but intending exhibitors are to various difficult questions requested to SEND IN THER which have to be considered be-ENTRIES AS EARLY AS POS- fore an intemational conference SIBLE
[on the subject, can paefully be† MEMBERS who have not yet convened. The results of the paid their subscriptions and ALL discussions will be reported to the THOSE who wish to join the So- two Governmentș-British Wire-ciety are requested to send $5.00 less Service.
to the UNDERSIGNED.
J. T-BAGRAM.
Hon. Secretary.
RAW RUBBER PRICES
Latest Quotations From UNEMPLOYMENT
Singapore
Messrs. H. B. Joseph & Co.
have received the following quotations from Singapore in Straits Currency for Raw Rubber. Spot 24 % b., Unchanged 25 16
-
3.
April/June 25 1⁄4 Up K-b,
July/September 25 % Up
25 s. October/December 26 b.
34 s
25
Bul
HK and K. Wharves (ald)
$101 sz
HK. and K. Wharves (new)
$98, sa.
HK and W. Docks 39 n.
Providents (old) $1.35 b $1.85 BERLIN SHARE
$2.
--
Providents (new) 50 ets. n Hong Kew Sh. $23774 m. New Engineering Sh&4 a` Shanghai Docks. $80 n.
Cotton Mul
Ewo Cottons Sh$1 Shanghai, Cottons (old) Sh$75
Shanghai Cottons (new Sh$41
10.146 10.23 11.45 11.60
15.15a 15.31.
15.21
15.41
15.32
15.53
Zoong Sings Sh.$12 1.
15.44
15.63
Wing On Textiles Sh. $26 n.
December
15.64
15.81
Lands, Hotels, etc.
Chicago Wheat
HK. and S. Hotels $51⁄2
May
99% -
1993
HK Lands $35 m
July
39%
89/2
September
8814
881/2
Chicago Corn2—→
May
60%
6034
July
61
60%
| Winnipeg Wheat:----
HK Realties $5.85 1.
86%
4 Au upward revaluation of silver. to compromise with the Congres May isional inflationists was opposed
July emphatically by Senator Thomas,. October THE YOKOHAMA SPECIE BANK Foreign Exchange and Garn Baskity Dusions who declared that such a move Courses and Sewing kosouxta eganuć sod Fund would prevent silver ever becom— Bagaman cared for a year or shorter periode ing money owing to at rates which will be gooted on applications
the wide [spread intrinsic value and the
official price. »
LIMITED
Established 1880
Capital (full paid-up) Yen. 100,000,000 „Yen. 127,450,000 Reserve Fund
Head Office: YOKOHAMA
Branches and Agencies st
Alexandria
Nagasaki Nagoya
New York
Osaka
Paziz
Peiping
Rangoon
Fenghien (Mukden) Rio de Janeiro
San Francisco
Seattle
Semarang
Batavia
Berlin
Bombay
Calcutta
Canton
Dairen (Dalny)
Hamburg
Hankow
Harbin
Hong Kong
Honslula
Haining
Kazachi
Singapore Sourabaya Sydney
Kobe
Tientsin
Tokyo
Tsingtaz
Yingkow
Los Angeles
Mamla
Moji
Shanghai
Interest allowed for Current ́Ac- enents.
Deposits received for fixed periods st rates to be obtained on application
C. KISHINAMIT,
Manager. Hong Kong, 12th September, 1985;
HONG KONG HEIGHTS
For the information of visitors the following list of some of the highest points on the Island and Mainland is published:-
ISLAND
Victoria Peak
Signal Station,
Feat
| fenommesed.
SOU Z. CHANG..
KAMEN.
HONG KONG BRANCH: 2. Des Forx Road, Central.
Manager's Office. Foreign Exchange Dept.
Geral Op Chakiar's. "Offices
TAL S
Some observers are of the opin- ion that the stand by Senator) 900 Thomas places revaluation prac
tically outside the realm of pos- sibility-Beuter.
THE WING ON BANK, LTD.
Head Office: Hong Kong
26, Des Voeux Road Central
Authorised Capital $10,000,000.
LONDON BANK DESS Westminster Bank, Ltd.
STOCK MARKETS IN AMERICA
Foreign Exchange and every des Safeguards Against
cripton of banking business transact
Current Accounts and Savings Ac-| counts opened Fixed Deposits re- ceived at rates which will be quoted on application.
"Pyramiding"
Washington, To-day-
New York Silk: March May Jaky
175 174 *1.7628 1.75
1.75 1.732
TAX BILL IN AMERICA
Certain Relief Promised
Washington, To-day. The hope for the formulation of a tax bill which will surprise the country by not being as large as expected was expressed by the House leaders after a conference with President Roosevelt
It is reported that the officials Mr. Robert L. Doughton, Chair-
Trusteeship & Trecutorship under- of the Federal Reserve Board feelin of the Ways and Means taken. Safe Deposit Boxes for hire that the present, margin regula-Committee. "declared that no new
PHILIP GOCKCHIN
Chief Manager...
THE
SHANGHAI COMMERCIAL &
SAVINGS BAN 4LIMITED- (Incorporated in China)
Capital paid up
Reserves.
$5,000,000. $7,500,000. Capital Savings Dept $500,000 Reserve Savings Dept. $600,000.- Head Office-Shangkaf”
A Bank having" as its mission the Industriale development an China and the "fostering of he commercial relations abroad. Hong Kong:"QOS
#05." Queen's Eoud-Central
·Phone 3111S.
tions are complex and expensive taxes to provide for the Veterans' and that a satisfactory safeguard Bonus were indicated at present against "pyramiding" could be pb-Reuter. tained by a simpler system of percentage, which may possibly be adopted later Pyramiding means the utilising of increased buying power owing to a rise in the zzarket price Benter
BANK DIRECTORS ELECTED
National Commercial And Savings Bank
LOCAL DOLLAR STEADY
"Spot" Silver Steady
The local dollar is steady, open- fing on demand this morning
at 1/8121-
"Spot silver was steady at 19-7/16, but “forward" advanced 1/16 to 19%
125.
The London on New York cross-
At the general meeting of the rate was quoted at £U.S.$5,01%,}
compared with US$501 National Commercial and Savings Bank Ltd (in voluntary liquids while the New York an London tion) yesterday the following Cross-rate was quoted at gentlemen were elected Directors
$6.01% as
of the Bank Mr. Lam Chi Fung US$5.013
MZ Nip Kan Ting, Mr. La-Jow
ted with
Sou, Mr. Wong Wai Lau, Mr. Choy BRITAIN'S TRADE PACT WITH
HK Leads 4% Debentures.
100%
Shanghai Lands Sh.$18 Metropolitan Lands Sh. $10_n. Humphreys $10.65 n
Chinese Estates "$84 n China Rexities $4 n- Ching Debentures Sh$60 22.
Public Utilities
EK. Tramways $13 m.. Peak Trams (old); $61⁄2 b. Peak Trams (new) $21⁄2 1. Star. Ferries $96
Yanmati Ferries $191⁄2 n. C. Lights (old) $11.05 b. & sa C. Lights (new) $3/8.10 sa ELK. Electrics $724 b. Macao Electrics $20 m Sandakan Ligūts $4% n. Telephones (old) $26.10 b. Telephones (new) $10.20 n. China Buses Sh$113⁄41⁄4 n^ Singapore Tractions 17/- n. Singapore Tractions Pref 26/-
Industrials
Malabon Sugars $8.40
Cald, Macz (Ord) Sh.$19% a Cald: Macg (Pref), Sh$15 2 Cariton Ices 41.70 6. Cements $8.60 $872 B HK Ropes $4
Stores, etc, Dairy Farms $22 n. Watsons $5 ***
Lane, Crawfords $8 m. Mackintoshs, $5 1- Sinceres 2.70, 12
Wm. Powells 70 ctx. n. Wing On (HX) $556.
Miscelaneous
Entertainments $4.70-1. SC Enterprises $135 m. Macao "Greyhounds” $2 m. Constructions" (oldy 1% Constructions (new) 50 ctx Vibro Filing $4.
Ch. Govt 89%. 1925. Gårdu.
96% D
HK Govt 4% Loan 4%
HK Govt 84% Loan paz... Wallace
INSURANCE
Government Bill In: England
HIGHER BENEFIT RATES PROVIDED
London, To-day. In the House of Commons yes- 26 terday afternoon the Minister of Labour, Mr. Ernest Brown, moved
Market: Firm-Sellers reser- the second reading of the Govern ved.
men's bill to extend unemploy ment insurance to agricultural. workers. He said the bill affect- ed about 750,000 men and women. who would be brought into 'separ late unemployment insurance; to la fund of their own, which would
be financially self-contained.
MARKET
Prices Tend To Sink
·CHINA MAIL,” SPECIAL,
Berlin, To-day.
The bill in main followed the recommendations of the Unem ployment Insurance Statutory Committee, but a major difference-
The share market opened weak, was the rather higher rate of be prices tending to sink slightlynefit which was made possible by Call money stood at 2 to 21⁄2 per a slightly higher. contribution. cent-Trans-Ocean Service.
TOURIST TRADE WITH CANADA
-Germany Makes
A Bid
Fhan that recommended in the re- port. They hoped the payment of
corbutions would begin on May
4 next and the payment of benefit.
as from November 5 following
The amount of the exchequer contribution would be at an an nual rate of £500,000. The Minis ter claimed that the bill would confer great advantages of the countryside and do much to check the flow of labour from the coun- try to the towns
** CHINA MAIL " SPECIAL
Toronto, To-day. In order to increase. tourist traffe from Canada to Germany,
Mr. Tom Williams, for the La the German Railways have open-bour Opposition, said that they
ed an office in Toronto.
would not oppose the second read- Germany is therefore making ing but reserved the right to cri an attempt to establish a tourist ticise the measure in detail in trade with a country which has
committee.. Hitherto been ignored by all other European countries, from this point of view, with the sole ex- |ception of England.
The opening of this office was greeted with great cordiality, and was accorded many front-page an- nouncements and reports in the press-Trans-Ocean Special,
BUSINESS OF INSURANCE
Examination By
Committee
London, To-day.
The debate continues British. Wireless Service
ECONOMICS IN FRANCE
BANK RATE AGAIN REDUCED
DRAMATIC GESTURE TO INSPIRE CONFIDENCE
London, To-day-
After six changes in as many months the Bank of France rate again stands at the more normal The Board of Trade have ap. level of 31⁄2 per cent. Yester- pointed a committee to consider day's reduction by 1⁄2 per cent. whether any changes in the ex-comes- at a time when M- Saïräzit isting. law relating to the carry-frequires all the confidence obtain- ing on of the business of insurable in order to assure the ance are desirable in the fight of stability of
the statutory provisions relating the elections,
Government un
then the Frenciz
recent
to compulsory insurance against monetary problems can be success- third-party risks and by employ-fully tackled. ers against liability to their It is presu workmen. A committer of 15 strength of members, including two past Ere the dolin sidents of Lloyds and other in ments of nsurance experts and actu will be presided over by Sir |Cassel, formerly Judge Adv
General to the Forces- Wireless Service.
"FIXED" TRUSTS” REGULATION
London, To-day-The
of the Board of Trad
ter "Runcimaz
to provide, the other drai 120 Instit
and po
despite
Bri-
Kowloo
Hing. Mr. P. Gockelin, Mrs Mark
Chum Sam, UMER-Wing Kwok
Shuen, Dr. Chan Wai Cheng, Mr.
To Chang Wan, Mr. Lam. Chir
Buen, Mr. Choy Cheong
Ving Chan, Mr Harr Ch
and M2-13 Cheong
ARGENTINA
Republic
Today Lake "at"the
to make