BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
Authorised Capital
$30,000,000 Issued and Fully-Paid-up 20,000,000
Eeserve Funds
Sterling
..£6,500,000
-$10,000,000
Hong Kong Currency
Reserve
Reserve Liability of Prom.
prietors
ELD OFFICE HONG KONG,
OF DIRECTORS
DOARD OF J
THE CHARTERED BANK OF- INDIA, AUSTRALIA & CHINA Incorporated by Royal Charter, 1855. HEAD OFFICE: LONDON
Reserve Liability of Pro-
£3,000,000 £3,000,000
...-.-£3,000,000
Bacon
Agenties and Branches:
Iloilo
للصورة
Paid-up Capital
Reserve Fund
$20,000,000
prietors
Alor Star
Asarituar
Bangkok
Karachi
King
Balambay
Shanghai
Calcutta Canton
Kuala Lumpur
Singapore
Kuchung
Sitiawes
Cawnpore. Cabu
Madron
Sourabaya
Marin
Taiping
Medaa
Tiend
New York
Tangkna
Priping
(Baker)
Faking)
Tsingtao
Tenant
Yokoham
Zamboangs
Hon. Mr. J. J. Paterson.
Charman
G. Miskin Esq.
Deputy Chairman,
Hon. Mr. W.H. Bell, C.C. Knight Esq. Colis A. E. Compton Esq. T. E. Pearce Esq.; Detai S.H. Dodwell Eq. J.A. Plummer Esq. phone Mr. Johnson Esq., AL. Shields Escalo
V. M. Grayburn. Esc..
AMOY
BANGTOK
BATAVIA
BUNDAY
CALCUTTA
CANTON
CHEPOO COLUMBO DAIBEN FOOCHOU HAIPHONG
HAMBURG HAKKOW
HARRIN
BONGLEW
Hono
POK
JOHORE
Chile,
BRANCHE:-
ECALA LUMPUR
LOSTON
LYONS
MALACCA
MUKDEN
NIW YORK
1156 PENANA RANGOEN
SAN FRANCISCO
SHANGĦAL
SINGAPORE
PRAFATA
SUNGEL PATANI
TIENTSIN
TING7511
YOKOHAMA
CORTEDS AUC and Local Currency and Fixed Deponite revient for one year we shorter periods th local Cyrener and beribit on her erbaab will be quound on application.
ALSO us to Cair ATT DEPOSIT BOXES in
LET. Trove li
Hong Kong, 24th February, 1936.)
HONG KONG SAVINGS BANK
The Burior of the abur Bank in ronducted by the HONG BUNG AND SHANGRAI BANK- ISG CORPORATION. may be abraLond d application.
FOR THE HONG KONG, AND SHANGHAI BANKING CORPORATION.
M. GRAYBURN,
Chief Mager.
Hong Kong, 24th February, 1936.
THE BANK OF EAST ASIA, LTD.
$:0...nd Authanand Capta
· Pudrup Cup Bere and Undicated Fortin $2,195 196
MEND
HONG KONG, PDes It Central. HARD DIRECTORS
Li Fooo Cu. F. P. K. Kwon. Inq. Wong INS TORE. EM Cha Chebok. Er.. Li Las here. Fag., Wong Chu bun. Eng. and Kan Ying Po. Exy.
ר
En Tun P. 1mg Chord Manager..
Li Tar Long. Ing. Matagor
-BRANCHES AND AGENCIES:-
VADLA
The 'asin
Habay
Se 1 of
Far. Th
S
Calcutta Cana
Haiphong Hakow Hamlulu
Fabe
Kowida
1.do
Seattle
Shanches
MACHEND AN
ydney
Tibok
Finla
Vabrou ver Inkomm
Every dow tintion of Bacing and Exchange |
La crated approved
the trad
KECUTIUPA,
Current cats opraed in Local Currency Fout Deporte eived for on Fost de worter periods in Loc and Fornigs Currencies orders shuk wij be quoted on application.
Se Leg Boxes To
BAN TOKO The
Chart Manager.
Ha
Jaribun Hout Roug LEHEIM TANEL
THE CHINA MAIL, FRIDAY, FEBRUARY 25, 1935
and
Commerce
Finance
HONGKONG'S TRADE
Figures For January Issued
FURTHER DECREASES
SHOWN
An interim report issued by the Statistical Office of the Imports and Exports Department ca the trade of the Colony for January,
Freien Exchange and General Banking business Current Accounts opened and Fixed Depois recessed for pue year or shorter prods #1986. states that imports of mer- 3 total of which will be fooled on application
chandise amounted to $33.7 millions (222 millions), as $4.3 millions compared with
с
A. BREARLEY,
Manager. Hong Kong, 1st January, 1935.
THE
AMERICAN EXPRESS COMPANY, and a sterling decrease
INC.
Head Office:-65, Broadway, New York
Capital Surplus Reserves
.U.S.$6,000,000.00 2133,633.06 $70,731.05
BRANCHES-
Amsterdam
Albenk
Basic
Lionum Glasgow
Lingue
Zeela
Bombay Brand Brussole
Caro
Calusta
Cannes Caiombe
Banca
Hamburg
Have Headeberg Interlaken
London
Liverpool
Lugo
Montreux Milan
Naples Pacus
Peping Router Borut Sbearbei Sto
Lurerbe
kingporn Тіламід
Logwohagea Duit Lansburch Irenos
Laze Motte Cario
Vazice Yokohama Zanch
Ge
Branches of American Express Company in Principal cities of United Sates of America and Canada.
All classes of Commercial Banking Transactions undertaken.
( millions) in January, 1985; a dollar decrease of 1.7 per cent)
of 26.7 per cent; while exports totalled $23.6 millions (£1.5.millions), as millions compared
with
$26.8
23 millions); a dollar decrease] of 11.9 per cent, and a sterling de- crease of 348 per cent
The following table shows WI- parative figures of imports and exports of Merchandise and Trea- Sure during the months of Jan- uary. 1936 and January, 1935:-
IMPORTS Jan. 1936 Jan. 1935 Merchandise $33,735.467 $34,274,109) $ 3,209,206 $ 4,301,992) Treasure
Tutal
$26,944,575 .338,776,101
EXPORTS
Jan. 1935 Jan. 1236 Merchandise $23,630.627 328,842,125 Treasure 534,499,999 $ 7,990,047
Total
$58.120,626 $34.832.172 Monthly Fluctuations Since January, 1935. monthly values of imports of merchandise into Hong Kong fluctuated from a high Hong Kong dollar value; Personal investment accounts hand- (35:6 millions in May, 1955, to a
low (261 millions) in 7
1935; while export values fictu- ated from a high of $27.4 millions in March, 1935 to a low of $18.0
ledi
The Company offers to intending Travellers the use of its "Travellers Cheques" and Letters of Credit and,
in addition, the world-wide services millions in July, 1935. of its thoroughly equipped Travel Department
CH BENSON,
General Manager.
THE CHINA & SOUTH SEA BANK, LIMITED
August,
LOCAL DOLLAR STEADY
No Change In Silver Prices
on
(Incorporated in China)
The local dollar is steady, open- Head Office-Shanghai
.$7,500,000.00
demand this morning ing $1,500,000.00 lat 1/3d- Branches-All Important Cities in
Capital Reserve
China
"Spot" and "Forward" silver Foreign Exchange and General Beaking Busines remained steady, at 194 and 19 Current End-Saving Locoasts opened and Fixed 11/16 respectively. THE YOKOHAMA SPECIE BANK Deposits receted for gost of aborter periods
at les auch will be quoted on application.
LIMITED
Established 1880
Capital (full paid-up) Yen.100,000.000 Reserve Fund. Yen,107,450,000
Head Office: YOKOHAMA " Branches and Agencies at
Alexandria
Batavia
Berlin
Bombay
Calcutta
Canton
Dairen (Dainy)
Nagasaki
Nagoya
New York Osaka Paris
.. Peiping
Rangoon Fengtien (Mukden) Rio de Janeiro
Hamburg
Hankow
Harbin
Honolain
Esinking
ondon
Los Angeles
Mazila
Moji.
San Francisco
Sourabaya
Sydney
Tientsin
Tokyo
Tsingtan
Yinglong
Interest allowed for Current Ac counts.
Deposits received for fixed periods on applica- at rates to be obtained tion.
. C. KISHINAMI,
Manager. Hong Kong, 12th September, 1935.
HONG KONG HIGHTS
For the information of visitors the following list of some of the highest points on the Island 218 Mainland is publiated:—
ESLAND
Fest
Victoria Peak
1,823
Signal Station
1,774
Mt. Parker
1,734
Mountain Lodge
1,725
The Erie
1,725
Pent Hotel
1,305
Taikoo Sanatorium
1,000
Mt. Davis
877
MAINLAND
Bowel Road (ilterbeds) - 297
Taimos hany Kowloon Peak
·Feet
2124
in nared
SOU Z CHANG,
Manager.
HONG KONG BRANCH) 2. Des You Boad, Central
Manager's Office
Foreign Dichange Dept.
Cicer Offene
Cartier's Ofer
ed.
The London on New York cross- rate was steady at E-US$1- 99, while the--New York on
Tel. 6 London cross-rate was also steady.
3569
THE WING ON BANK, LTD.
Head Office: Hong Kong
26. Des Voeux Road Central Authorized Capital $10,000,000
LONDON BANKERS:-- Westminster Bank, Ltd.
at £-U.S.$4.99%.
RAW RUBBER PRICES
Latest Quotations. From
* Singapore
Foreign Exchange and every des- Messrs. H. B. Joseph and Co. the following received cripton of banking business transact-have
Current Accounts and Savings Ac-quotations in Straits Currency counts opened. Fixed Deposits re-from Singapore for Raw Rubber. ceived at rates which will be quoted
on application.
Trusteeship & Executorship under. taken. Safe Deposit Boxes for hire.
PHILIP GOCK CHIN
Chief Manager.
THE
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China)
Capital paid up $5,000,000. $300,000. Reserves Capital Savings Dept. $500,000. Reserve Savings Dept. $600,000. Head-Offee-Shanghai
A Bank having as its mission the industrial development on China, and the fostering of her commercial relations abroad., Hong Kong Office
6. Queen's Bond Central Phone 31116.
QUALITY
PRINTING
Prices Reasonable
Spot 25% b., Up 25 s.. April-June 26 b. Up 26
S.
July-Sept. 261⁄2 b, Up 1⁄2 26% Oct-Dec. 26 b., Up 1⁄2 25%
Market:-Steadier.
B.
-Messrs. Benjamin and - Potts received the following Straits currency quotations (buyers) | from Singapore to-day for Baw Rubber:-
Spot 25% cts up ct. April-June 264 cts up July-Sept. 26 cts, up #% ct. Oct-Dec: 26 cts. up % ct. Market: Firm
t
BUYING & SELLING IN MANILA
Messrs. Benjamin & Potts re- ceived the following buying and selling quotations from their Manila Agents this morning:—
Pesos
Benguet
·Consolidateds. Antamoks United Paracales'. San Mauricios
SHARE MARKET
TO-DAY'S QUOTATIONS
The following is the list of local share quotations issued to-day-
Banks
H.A. Bank $1550/32 sa HK. Bank (London) F1014 a. Chartered Bank 14 n. Mercantile Bank A and
$292.0.
Mercantile Bank Ċ. £134 2. Bank of East Asia $73-
Insurances Canton Ins. 3270 n. Unions Ins. $545/50 n. China Underwriters $105 d. China Fire Ins $480 n. HK Fire Ins. $260 n. International Assce. $34 .
Shipping
Douglases $36 n.
FL Steamboats $5. Indo-Chinas (Pref.), $30 a. Indo-Chinas (Def.) $20 z Shells (Bearer) 89/4 n. Union Waterboats $14 n
Mining Antamoks $1.85 b., $1.85 sa. Balatoes 20 ets. b. Baguio Gold 2 cts. Benguet Consolidated $18.40 n. Benguet Exploration 14 cts. n. Big Wedge 211⁄2 cts. 3. Gold Creek 15 cts. n. Gold River 7 cts. sa. Ipo Mining $1.90 n. Itogons 60 cts. n. Salacots 15 cts. Kailan Mining Ad. 13/- n Langkats (Single) $11. S'Eai Exploration Sh$4 n. Shanghai Loans Sh.$4, Raubs $11.40 sa. Venz; Goldfield 3 b.
Docks, etc. EK and K Wharves
$100 n.
and K Wharves $97 n. FK and W. Docks $9 a Providents(old) $165. Providents (new). 50 eta, z Hong Kew Sh.$190 a New Engineering Sh.34 n. Shanghai Docks. $79 n.
Cotton Mills
NEW YORK STOCK MARKET
Irregular Advance Expected
TRADING ATTITUDE “ADVISED |
WEEKLY MARKET ANNUAL MEETING
REPORT
General Beduction In Levels
BEARISH ATTITUDE
ADOPTED
Ladies' Recreation Club
ELECTION OF OFFICERS
A considerable decrease in pro-- fts, caused by a fall in subscrip- tions and increase in expendi- Messrs. White. Weld and Com-i
Messrs. James F. Hutton and ture, was reported at the annual pany. New York Correspondents for Messrs. S. E. Levy and Com-Co., Ltd., reported as follows on general meeting of the Ladies pany, report:--
in
com-
January 29:-
Recreation Club which was held There was a decidedly weaker at the Club house yesterday. Stocks: Further progress
Mrs. A. Sommerfelt, the Pre- steel mill operations in
face of tendency in raw cotton values dur- adverse weather conditions and ing the first day or so of this week, sident, addressing the members, price uncertainties created a bet-land levels generally showed a re-said:
"The year's working has result- ter feeling in market circles to duction A bearish attitude was day. In the absence of other adopted by market traders whened in a profit of $9120 as news we would anticipate a fur-the announcement came through pared with a profit of $1,350.53- ther irregular advance, but we from New York that the Senate last year. This drop is mainly would also expect some selling Agricultural Sub-Committee had accounted for by a decrease in resistance as prices approach the rejected the proposed new farm subscriptions amounting to $655, recent high levels We would sug-programme. It is still possible, and an increase in expenditure on. gest a trading attitude for the however, that some legislation will repairs and maintenance of $802- present. Business done: 2310,-be invented to bring the idea with-87. The decrease in subscriptions. is explained by the fact that in in the Constitution. 1000 shares.
Trade Disturbed
1935 only 26 new members joined Wheat: The old-crop situation
Until something more definite is the Club as against 62 in 1934, continues to suggest accumulation of May wheat on dips. Pending known regarding the future posi-whilst the number of resignations.. a clarification of the new-croption the uncertainties surrounding was 41 as against 44. The drop in outlook, we would favour sales of the various proposals are disturb-membership is much regretted by September wheat on good rallies.ing to the trade in general. The your Committee, but I am pleased: world's weekly statistics show con-ito state that up to date in the cur- Total sales: 18,601,000 bushels.
actualirent year applications for mem- Flash: Friday, February 28 is tinued heavy takings of the first tender day for March cotton by American spinners, but bership have been received from
on the other hand the visible sup-121 people." ply of American cotton is still
copper.
the
The president proposéd COMMODITY PRICES Larger by some 200,000 bales than adoption of the report and ac
at the same time last year. Gen-counts. The proposition was se
the
The following quotations have erally speaking the volume of en-corded by Mrs. Mackenzie and
quiry has been quite well main carried unanimously. been received by Reuter.
Election Of Officers Prev. Yesterday tained from most of the world's! Closing Closing markets, but the resultant turu The following members were:
over remains very disappointing. jelected as office-bearers for New York Cotton:-
The existing apathy among buy-ensuing year:— March
General Committee.-Mesdames ers is naturally curtailing any speculative buying and business A. Sommerfelt, T. A. Martin, D. J. has been very much of the band Macadam, E. C. Richardson, G. K to mouth variety. From the Indian Oliver, N. Mathieson and S. Jar- centres many of the standard) via. marks have been in demand but! where orders have been arranged. dames S. Hill, C. J. Waddell, D.. the quantities have only been Kelvin Stark and Miss Burslem.
Messrs. Grounds Committee. small Both Calcutta and Madras
bleaching N. L. Railton and S. Hill | have offered for fine
cloths, whilst mulls.. mainsooks jand light shirtings have also been
ir demand.
11.10 11.12
May
10.77
10.78
(July
10.43
10.39
October
10.07
10.05
December
10.05
10.03
January
10.12 10.05
Spot
11.25
11.27
New York Rubber:-
March
May
July
September
December
1595a
15.41
15.55a 15.62 15.77 15.75 15.91a
16.03
15.592 15.70
(old) Chicago Whest:-
100
100%
(new) July
9134
914
September
90'
9014
Chicago Corn:
May
61.
6034
July
614
61
Winnipeg Wheat:--
May
$534
85%
July
86341
86
October
36%
854
Ewo Cottons Sh.38 n. Shanghai Cottons (old) Sh.$70 March
May
New York Silk:-
1.52
1.602
151 1.60a
EX
Shanghai Cottons (new) Sh.341
1.
Zoong Sings Sh.$12 n. Wing On Textiles" Sh. $25 n. Landa, Hotels, etc. H.K. and S. Hotels $4.50 s. H.K. Lands $361⁄4 1. HK. Lands. 4%
Debentures
Bombay Encouraging
Balloting
Committee. - Mes-
speciality lots have been arranged. China business still remains quiet-
more
Of the other markets probably and provides little encouragement.- Bombay has been the most encour-Better prospects have been aging. Several nice lines of voiles, japparent for the Java and Straits- exporting prints and dyed pongees are re Settlements. Many ported to have been. booked. The houses report an improvement up-country outlets remain disap-both in the enquiry and general:
of itsae.. [pointing and only odd lines
LOCAL NEWS BREVITIES
Among the passengers who ar-, Manila by the R.M.S. Empress of rived in the Colony this morning Japan.
NEW YORK STOCK by the RMS Empress of Japan
EXCHANGE
Latest Quotations
was
Mr. W, H. McWilliams; a Among the Colony residents Director of the Royal Bank of who returned to Hong Kong this Canada and a prominent Winni-morning was Miss B. D. A. peg grain-merchant, who is oara Pestonji, a popular member of pleasure tour of the Orient, ac the younger set. She was met, by February 28. companied by his two grand-her mother and sister. The following quotations from Lon-daughters, the Misses M. J. and
The trio intend Rear Admiral Noboru-Hirata, of Metropolitan Landa Sh. $10 n. don were received last night between E. McWilliams.
11.00 p.m. and 12.30 p.m.
returning to Canada by the Em the Imperial Japanese Navy, ar Humphreys $9.70 m.
zived in the Colony this morning- press of Japan.
100% n. Shanghai Lands Sh.$18
HK Realties $5.85 Chinese Estates 384 n. China Realties Sh.34 a
China Debentures "Sh. $60
Public Utilities
H.K. Tramways $11.90 r., ex div.
Peak Trans (old) $7 n. Peak Trams (new) $3 Star Ferries $87 p.
Yaumati Ferries $20 n.
C. Lights (old) $11:05 sa. C. Lights (new) $8. 1.
n.
HK. Electrics $742-8 74 83. Macao Electrics $20 z Sandakan Lights 34% z Telephones (old) $26 Telephones (new) $10.20 n China Buses Sh$111⁄4 a. Singapore Tractions 17/- Singapore Tractions Pref.
Industrials
n
by the ss. Hakone Maru -from
He immediately visited" Among the passengers who ar Japan rived in the Colony this morning the Japanese cruiser Yubari. from Europe via Canada by the 60% Empress of Japan was Mr. Theo-
N.Y. Cotton
May
N.Y. Rubber
May Chicago Wheat
May Chicago Corn
May STOCKS: Anaconda Copper
10.77 10.73
15.55 15.60
100%
61
10.72-
15.70
100%
32% Electric Bond &
Share
17 General Motors 58%
34
341⁄2
585% 584
-1-40
414-424
Montgomery
Ward
N.Y. Central
U.S. Steel
1715
38% 60% 61% 621
371 28.-
Mr. and Mrs. G. Fahnestock and
dore E. Hubback, of Kuala Lipis, Miss Blanks Hardova were also FMS, who is the Honorary Chief arrivals by the Hakone Maru: Game Warden for the Federated from Shanghal Malay States and the Straits! Settlements. He is returning to] the FMS. after a vacation in England.
Mr. W. P. Riley, of Winnipeg, The following quotations from Lon-f don were reocived last night between Canada, who is the President of 5.30 p.m. and 10.30 p.m.
Mr. Kikuji Yonezawa, Japanese · Consul-General at Singapore, is, a'
om the LS through-passenger Hakone Marn, from Japan, bound for the Straits.
The RMS Empress of Japan will sail for Manila at 8p. Silver Spot 19% (last close), 19%, the, Western Grocers, was also a
arrival by the Empress of Japan.o-day instead of at 5 pm 5: (last received), unchanged.
Silver Forward 19-11/15 (last Another passenger for Hong Kong 25/-close), 19-11/16 (last received), and by the same vessel was Mr. J. A originally advised. *
changed
T. Thomas, Director and Manager
The forthcoming marriages are Silver Report: India bought and of Mastard and Co. Shanghai,
MT Leopoldo sold China sold. Market quies who is on a business trip to the announced of
Ferandes. of the Hong Kong, and steady.
(last Colony.
Shanghai Hotels, Ltd, and Miss Liverpool Cotton-May 5.59"
Clast received), .01 .of close), 5.68 (change).
Mr. and Mrs. P. S. Gleed and Rosalind Helen Theresa Lee, No. Liverpool Wheat-March 5/1 (last children, of Shanghai, arrived in 783, Nathan Road, Kowloon, and close), 6/1% flast received), the Colony this morning by the Mr. Adam Marshall, shipbuilder, (boy-Empress of Japan. Mr. Gleed is of No. 2. Albion Terrace, Kow-
with the (last connected.
American Tobacco Co. Ltd
Malabon Sugars $8.40 n. Cald., Maeg. (Ord) Sh.$191⁄2 no Cald: Macg. (Prež.), Sh.$15 Canton Ices 81%
Cements $8.85 Z.
ELK Ropes $5.40, 8-
Stores, etc. Dairy Farms. $22 s. Watsons. $4.35 1. Lane, Crawfords $5 = Mackintosha $52. Sinceres $2.40 5. WELL. Powells 70 cia n
Wing On (HE) $55.
Miscellaneous Entertainments $4.70' n. S. C. Enterprises $1.35 n. Macao "Greyhounds” $2 n. Constructions (old) $14 m Constructions (new) 50 ets. Vibro Piling 34 n.
Ch. Gort, 5% 1925 GXBd
a
(change).
London' Rubber-April-June ers) 7-5/16 (last, close), 7%
received), 1/16 up (change).
British-loon Docks, and Miss Sarah
Ferguson Marshall Maitland Mith chel, No. 2 Harlock Terrace,
Mr. Warner Oland, best known Mr. H. Brotherton, a member of Kowloon Docks
to the film public as "Charlie the Jardine Engineering Corp,
Chan," sailed from Los Angeles Shanghai, arrived in the Colony
Aziong recent, appointments in¬
with his wife for the Far East this morning on a business trip the Hong Kong Police Force are last week They were passenger He was a passenger by the Em those of Sub-Inspector T. O'Con- aboard the 3.5. Malolo..
(press of Japaz
nor to Acting Inspector, and Ser- [geant J. Orem to Acting Sub-In- Altogether 17,325 people have Among the pisseners passing spector." been vaccinated free of charge by through the Colony on the Em
a. the St. John Ambulance Brigade press of Japen for Manils are Sir There will be no dinner" dance since the practice was resumed Frederick Maze, E.BE., Inspector-to-morrow at the Repulse Bay The highest figures General of the Chinese Maritime Hotel, but the usual tes dance will this sesson. were returned in the Mongkok Customs, and Lady Maze. They be held on Sunday at 430 p.m.
The Burdwan is due bere arex '---'5,505 people over 5 years are on a short holiday trip. of age vaccinated last week, in
Me: H: Brahm, the British Coo-from Shangha 1addition to 12.460 previously re
sal, at Canton, is proceeding to mori ported:
rem:
11.60 11001 khi Got a Loại th
1.15 1.20
25/2 25 `HK Gort 84% Loan paz, n.
.53 -Wallace Harpers 34 -12--
*3
5-pa
to