BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
Authorised Capital
Laned and Fally-Paid-up 20,000,000 Reserve Funds:--
Sterling ..£6,500,000
Hong Kong Currency
..$10,000,000
Reserve Liability of Pro-
Reserve
prietors
Reserve Liability of Pro-
THE CHEIA MAIL, FRIDAY, MARCH 6, 1936
ommerce and Finance
The following is the list of local £3,000,000 share quotations issued to-day:-
$50,000,000
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA
Incorporated by Royal Charter, 1853.
HEAD OFFICE: LONDON
SHARE MARKET
Paid-up Capital
Reserve Fund
£3,000,000 £3,000,000
prietors
$20,000,000
Agencies and Branches:
Alor Star
fioijo
Kasoom
Armestone
Ind
Sauron
Barkak
Kanchi
Saretabe
Flaibay
Kobe
Shanghai
Calcutie
Kuala Lumpur
Singapor
Canto
Foching
SILSWED
Catpor
Kadra
Lebu
Manila
Nadine
Dahi
Nove York
Poping
HEAD OFFICE: KONG SONO.
BOARD OF DIRECTORS,
Hon. Mr. J. J. Paterson.
Chai
G. Miskin Esq.,
Deputy Chairma
Hon Mr. W.H. Bell, C.C. Knight Esq. Colbe A. H. Compton Esq. T. E. Pearce Esq. S.H. Dodwell Esq., J.A. Plummer Esq. M.T. Johnson Exq.. A.L. Shields Esc. V. M. Grayburn, Esq.
AMOT
BANGROL
BATAVIA BOMBAT CALCUTTA
CANTOX CREFOO COLINHO -PATREN
FRKHOR HAIPHONG
HAMBURG HANNOW KAREIN
HONGKEN
ILOILO
JOHORE
KE
KOWLOON
Chief Manager,
BRANCHEN
EUALA LUMPUR
LONDON
LYONS
MALACCA
MAS/LA
synak shore)
MUKDEN
NEW YORK
MPING
PENANG
RANSOON
SARDAN
MAN FRANCISCO
SHANGHAI
SINGAMORE
SAURABAYA
ATNUE PATANI
TIENT IN
TOKYO
T-IN TAR
YOKOHAMA
Curers Arm sprzed in Local Commoney and Fired it morend for a year or sharter Demode v Ini Termers wind turing un sering which we quand il appear on
Albu up to daE DEPOSIT BOXES in
Hong Kong, 24th February, 1936.
HONG KONG SAVINGS BANK
The Tamimon of the Wire Bandstand
be the RUNG, AND SHANGHAI BANK- 15G CORPORATION, R
143
i chiained
of appl95.
FOR THE HONG KONG AND BANGITAT BASHING CORPORATION,
GRABEN,
Che Vintag
Hong Kong. 24th February, 1936.
THE BANK OF EAST ASIA, LTD.
Authenwad Capitel Paul-up Cap
Haiphong Hamburg fiacion
Harbin
Jeneng
Komarang
Sembaya Twiping Theate Jungiak
{
Tojame Zamboangs
Foreign Exchange and General Banking business tresnacted
Current dopuste opened meal. Fixed Depow creed for a year or somer penada al rato wetuok wil be quoted on application.
A. BREAKLEY,
Manager. Hong Kong, 1st January, 1935.
THE
AMERICAN EXPRESS COMPANY,
INC.
Head 0ce-65, Broadway, New York
Capital Surplus Reserves
U.S.$6,000,000.00 2,183,633.06 570,731.05
BRANCHES:-
Fr
NoLimuz
The Ungue
རྣམ་དiu
Hami
217~15
St
-Man
Naple PIPARUS
14
Priping Bou
Fir-med
premacis
Sutera
jupundan
Loulou Iverpeci
شهرهای شمال
*****
Kome
Suangbai Houthan.pron Negato
"
Suom
V
T'dest.gh
Monte Carlo
JURNALIS Zanch
Las nebe
Branches o American Express' Company in Principal cities of United | ........$10.00 300.0|States of America and Canada.
Ismerve Bad Fogvided. Prvdiannus 2,086,103.52
Elsa EB36 NG
2. The Voix Head, Central.
A JUTETONS
Die hoy sou Chen, Bairah,
All classes of Commercial Banking Transactions undertaken.
P. P. X. Ink E., Woogled.
1 Ken Chan St Equi tamer! Yun Jake. Eng. Sanz, eg, Wong Chu 200. Eng. and Ran Ying
Avoy
מו!
Kan Tung To. Ing. Chief Manager, 1. T Four. Evg Mag
BRANCHES AND AGENCIES
Manion Hapong Hunkow
Manila 31
Saga
New 107k
SARDE
Ju
pore
****
wbury
เห
1. MOR
Kabe
lation
Tintin
1 YU
40400 Landon
ko
Frezy decription of Bike and Exchang
Ietwas granted an approved
BM
C Avanta opeană la al Carrency md ved lupaste pronsted for one sear or heads the Toral and Foreign Currencies
we seek which (will be quoted on applies Luan -
Pepe boses To Let
EAN TONG PO.
«Ulei Manager.
THE YOKOHAMA SPECIE
LIMITED
Personal investment accounts hand-
The Company offers to intending Travellers the use of its "Travelle») Cheques" and Letters of Credit and. |in addition, the world-wide services. of its thoroughly equipped Travel? Department
Banks
HK Bank $1,555 .
H.K. Bank (London) 4102 m. Chartered Bank £14 1.
Mercantile Bank A. and B
$29 D
Mercantile Bank C. $13 1 Bank of East Asia $73 n
Insurances
Canton Ins. $270 d. Unions Ins. $352 b., $550 sa. China Underwriters $1 b. China Fire Ins. $480 n. H.K. Fire Ins. $260 n. International Assce. $3 n.
Shipping
Douglases $35 1. H.K. Steamboats 55% E. Indo-Chinas (Pref.), $30.a... Indo-Chinas (Def.) $20 m. Shells Bearer) 90/- n. Union Waterboats $141.
Mining
Antamoks $1.95/1.97 sa. Balatoes 21 n. Baguio Gold 22 cts. n." Benguet Consolidated $18.30 n. Benguet Exploration 16 ets. n. Big Wedre 2114 cts. b. Gold Creek 15 cts, . Gold River 7 cts. . Ipo Mining $234 n. Itegons G5 els. . Salacots 15 cis. m. Kailan Mining Ad. 12/6 m. Langkats (Single) $11 n.. S'ha Exploration Sh.$4% a. Shanghai Loans Sh.$t ni Raubs $11.70 sa
Venz; Goldfield $3 n.
Docks, etc.
T
NEW YORK STOCK MARKET
Heavy Volume Of Trading
INDUSTRIAL SECURITIES LEAD ADVANCE
with
NEW YARN FOR SPINNERS
Courtauld's Evolve
Fibro"
NORTHERN COUNTIES
INTERESTED
London, To-day.
The production of "Fibro," (a)
by
LOCAL NEWS
BREVITIES
Mr. C. A. Blum was an arrival theas. President Jefferson this morning from the North,
NEW ADVERTISEMENTS
THE HONG KONG FIRE INSURANCE COMPANY
LIMITED.
Mr. T. Blumenthal, of Marcel's Cafe, returned to the Colony this NOTICE TO SHAREHOLDERS. morning by the 5.3. President Jefferson.
T
THE SIXTY-SEVENTH ORDIN- ARY GENERAL MEETING
at
The RMS. Empress of Russia is of Shareholders will be held at the rayon staple fibre which can be due here from Vancouver on the Offices of the undersigned on FRI- spun to yarns resembling cot-morning of April 9 and will sail DAY. the 27th March, 1996, ton or wool), is the most import-for Manila the same afternoon. noop.. for the purpose of receiving fant new venture of Courtauld's.
the Report of the General Man- Mr. Samuel Courtauld told the
Mr. Gordon Morriss, a partnerjagers, together with a statement
annual meeting yesterday. A of Messrs. Lester. Johnson and of Accounts for the year ended the Messrs. White, Weld and Com-new factory, which would pro-Morriss, of Shanghai. accum-31st December 1935. pany. New York Correspondents nually, was
duce 20.000.000 pounds
an-panied by Mrs. Morriss and two The SHARE REGISTER and for Messrs. S. E. Levy and Com-
just coming into infants and their governess, ar-TRANSFER BOOKS will be pany state:
operation.
rived in Hong Kong this morning CLOSED from the 16th to the 17th. "Fibro" is undoubtedly exciting en route to England by the sa March 1936, both days inclusive. Stocks: The market to-day was the interest of Lancashire and Rawalpindi. irregularly higher,
JARDINE, MATHESON & the Yorkshire, since it can be used volume of trading
on the heavy on the spinners of the existing Mr. D. M. Biggar, Manager of
CO., LTD. side. The advance was led by in-machinery, enabling the employ the Chase Bank, and Mrs. Biggar,
General Managers, dustrial and railroad securities ment of spindles which could will leave Hong Kong at noon to-
The Hong Kong Fire Insurance Tips for low-grade issues
are hardly hope to
Co., Ltd. being circulated and this business in cotton alone. again
find a profitable day by the C.P.S. liner Empress of Hong Kong, 6th March, 1936. dictates caution. but the leaders
Japan for New York, where they are acting well and, except for!
Mr. Courtauld said that the will spend their leave.
PUBLIC AUCTION some labour unsettlement, we be only considerable disappointment lieve that, business and legislative of the past year was with regard fundamentals constructive, to weating. He added that the dre- rived in port to-day from Canton. T undersigned have received. Business done: 2.590,000 shares. ing industry was in a precarious!
Cotton: This market to-day re- gistered minor advances, in spite:
are
state.
Regarding Japanese
The French gunboat Argus ar-
instructions to sell by Public
on
Wednesday the 11th March 1936, commencing at 2.30 p.m.
The RMS. Empress of Britain. Auction competi- on her round-the-world cruise, left of current, uncertainties. Traders, tien, he believed that the danger Bangkok yesterday and is due at on the
whole, were inclined to to the whole of the textile indus- Batavia on Sunday. The ship is await developments,
try in Europe and possibly Ameri- due at Hong Kong on the 20th at Wheat:
Demand has fallen off ca was as great as ever.-Eeuter. somewhat and the tendency of the market is very uncertain Rain
is much needed in the South-West. Total sales: 31.956.000 bushels.
COMMODITY PRICES
The following cuotations have bren received by Router.
Prev. Yesterday Closing Closing
H.K. and K. Wharves (old) New York Cotton:--
March 5944 ex. div. 2. H.K. and K. Wharves (new) May H.K. and V. Docks $9 n. Providents fold) $1.40 n. Providents (new) 50, cts. n. Hong Kew Sh.$190 n. New Engineering Sh.$4 a Shanghai Docks. $79 n.
Cotton Mills
Ewo Cottons Sh.$8 n. Shanghai Cottons (old) Sh.$70 July
September Shanghai Cottons (new) Sh$41 December
NEW DEAL IN AMERICA
Government Appeals Dismissed
SPECIAL REQUEST BY AUTHORITIES
7 am.
The annual meeting of the long Kong Branch of the Boy Scouts!
at their Sales Room, No. 35, Hankow Road, Kowloon. A Quantity of
VALUABLE HOUSEHOLD
FURNITURE
Association will be held to-day at comprising:-
Chesterfield Suites, Teak Bed
5,45 p.m. in St. John's Cathedral Hall, when H. E. Sir Andrew Cal-Room and Dining Room Furniture, Kong, will preside. decott, Chief Scout for Hong 0ce Furniture, Electric Table Lamps. Pictures, Ornaments. Brass and E. P. Ware, Glass and The wedding took place en Fri-Rorcelain Ware. Clocks, Grama- day, February 28, at Saint phones and Records, Aluminium George's Church. Penang. of Mr. Ware, Cocking Store, Carpets, William John Peel, son of Sir Wil- Rugs, etc. etc. liam Peel, late governor of Hong:
also Kong, and Miss Rosemary Mia! The Government has surprised Minka Redhead. daughter of Mr. the capital by requesting 30.01
¡Supreme Court to dismiss the Godalming, Surrey, Mr. Peel is Government's two appeals from the 10.06
11.15 11.19
10.56
10.72
July
10.32
10.39
October December January
10.00
Spot
10.02 10.06 11.20
10.03
11.24
New York Rubber:-
March
May
15.79a 15.86 15.98 16.06
15-892 15.97
C. H. BENSON,
General Manager.
16.082
1.
16.24
16.16a 16.34a
Chicago Wheat:--
Zoong Singa Sh.$12 n. Wing On Textiles Sh.$25 r.
Lands, Hotels, etc. H.K. and S. Hotel $4.20 b. H.K. Lands $32 A. H.K. Lands 4%
May
100%
100
July
892
59%
September
$85%
$85%
Chicago Corn:-
May Debertures July
611⁄4
61%
61% 61
100% .
Winnipeg Wheat:-
Shanghai Lands Sh.$18 n. Metropolitan Lands Sh. $10 Humphreys $9.70 n.
May
8314
July
84%
SA
(October 、、
843/
845
H.K. Realties $5.85 x. Chinese Estates $84 n China Realties Sh.34 n. China Debentures Sh.560
New York Silk:-
March
1.63
1.61
Mar
1.57
1.55 t
July
154
1.54a
THE CHINA & SOUTH SEA BANK,
- LIMITED
(Incorporated in China) Head Office-Shanghai
Capital
Reserve
$7,500,000.00
.$1,500,000.00
Branches-All Important Cities a
China
For En Exchange and General Emaking Basine
Lrancoed.
Corral and Saving Accounts opened and Fixed BANKered for one your of shorter periods
al rates which will be quoted on spplication.
SOU Z. CHANG.
Established 1880
Capital (full paid-up) Yen.100,000.000 Reserve Fund
Yen.127,450,000-
Head Office: YOKOHAMA
Branches and Agencies at
Nagasaki Nagoya New York Osaka
Alexandria
Batavia Berlin
Bombay Canton
Calcutta
Parin
Peiping
Dairen (Dainy) Rangoon Fengtion (Makden) Rio de Jeneiro San Francisco
Hamburg
Hankow
Harbin
Hong Kong
Honolula Hsinking Karachi Kobe
London
Angeles
Seattle Semarang
Shanghai
Singapore Sourabaya
Tokyo Txingtau Manila
Yingkow Interest allowed for Current Ac-|
Moji
counts,
• tion.
Deposits received for fixed periods at rates to be obtained on applica
C. KISHINAMI,
Manager. Hong Kong. 12th Sentember. 1935,
HONG KONG HEIGHTS
For the information" of visitor- the following list of some of the highest points on the Island' andį Mainland is published:-
ISLAND
Fost
Victoria Peak
1,823
Signal Station
1.774
Mt. Parker
1,734
Mountain Lodge
1,725
The Eyrie
1,725
Peak Hotel
1,305
Taikou Sanatorium .......
1,000
ML Davis
877.
Bowen Road (filterbeds)
237
MAINLAND
Taimoshan Kowloon Fesk
Fact 2.124 1,971.
MaDager.
HONG KONG BRANCH: 2. Dos Vaux Bond, Central,
Manager's Offic
Yorugs Exchange Dept. ada gre General Ofer Cashier's Oce
33560
THE WING ON BANK, LTD.
Head Oflice: 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 transact-
et
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 for hire.
PHILIP GOCK CHIN
Chief Manager.
THE
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China)
....$5,000,000. ........$7,300,000. Capital Savings Dept. $500,000. Reserve Savings Dept. $600,000. Head-Office-Shanghai
Capital paid up
Eeserves
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 Road Central Phone 31116.
REICHSMARK QUOTATIONS
Berlin, To-day. The Reichs- mark was quoted yesterday with-
Public Utilities H.K. Tramways $11.20 s3. Peak Trams (old) $7 n. Peak Trams (new) $3 Star Ferries $37 s. Yaumati Ferries $2012 n. C. Lights (old) $10.90 m. C. Lights (new) $8 n.. HK. Electrics $72% . Macao Electrics $20 p. Sandakan Lights 34% D. Telephone (old) $25.55. a. Telephones (new) $9. China Buses Sh.$111⁄4 n. ̈ Singapore Tractions 19/- n. Singapore Tractions Pref. 267-
Z
Industrinis
-
$344
ELECTRICITY
FOR FARMS
Bill Passed By U.S. Senate
Washington, To-day.
The Senate has passed the. Nor-
Washington. To-day.
the
lower court in connection with two New Deal cases involving the Government's right to condemn land for slum clearance.
and Mrs, Redhead, of Hambledon,
Assistant Secretary to the British Resident of Selangor.
The BRITAIN'S DEFENCE PROPOSALS
Supreme Court immediately acced- jed to the request, with the result
that now
New Deal
only two cases are awaiting decision.
(Continued from Page 1)
Mr. Baldwin replied that the
The Government's change of at-fullest touch was being maintain- titude is believed to be the resulted between the United Kingdom of the decision to transfer to local Government and the Dominions Governments the
and India on all major questions of responsibility
through the
for acquiring and at low cost for imperial defence housing schemes. The Solicitor- Imperial Committee for Defence
Furniture.
A Few Pieces of Black Wood
10th March, 1936.
On View from Tuesday, the
"
Terms: Cash on Delivery.
LAMMERT BROS.
Auctioneers Hong Kong. 6th March, 1936.
UNREST IN FINLAND
NATIONALISM RE-APPEARS
General told journalists that he and the normal means of com- AGRARIAN PARTY'S DEMANDS had asked for a dismissal because! munication. He did not consider!
the cases had become a moot point, that the suggestion for a confer- since all the available money hadjence could be usefully adopted at been spent in other ways-Reuter. the present stage.
LOCAL DOLLAR STEADY
Silver Prices Fall.
CHINA MAIL * SPECIAL
Helsingfors, To-day.
A wave of Nationalism has
MOTION OF CONFIDENCE
again burst out here, which has London: The Government will revived the old scores between regard their defence policy Finns and Swedes which have motion,
Commons
asking the House of caused so much, bitterness in
to approve the pro-the past. posals outlined in the
Paper,
White
Two Ministers who had re-
as one of confidence. It signed recently, belonging to
is expected to be carried by the Swedish party, had not, been replaced, although nego-"
The local dollar is steady, open-very large majority. ing on demand this morning jat 1/3d.
The importance of the occasion tiations went on with several jis traditionally marked by the non-Socialist parties to re-com- "Spot" silver declined
the issue of a three-line Whip to the plete
Cabinet. The 19-116, while "forward" also fell Government supporters to be pre Agrarian Party
% to 18-15/16.
Every Wednesday to
was unchanged
1 to
HORTICULTURAL SHOW
The bill, which has been sent to cross-rate the House of Representatives, au--U.S.$4.99. thorises the granting of loans by the States or local authorities for n.the purpose of electrification to an amount of $50,000,000 yearly for the first two years and $40,000,000 yearly for the next eight years.
Farmers will be encouraged to instal electrical equipment, and they will be allowed to repay the loans by instalments. Reuter.
Malabon Sugars $8.40 n. Cald, Macg. (Ord.) Sh.$19% Cald: Macg. (Pret), Sh$15 m. Canton Ices $14 n Cements $8 H.K. Ropes $42.
Stores, etc Dairy Farms $21 sa. Watsons $4.85 n Lane, Crawfords $6% ne Mackintoshs $5
Prizes Presented By Governor
at
sent on Tuesday night.
decided On increase their
but made their acceptance of additional portfolios subject to
The London on New York cross. effort will be made to secure the number in the Cabinet, where ris Rural Electrification Bill. lay-rate was quoted at £—U.S.$4.984,
fact that the majority for the pro- they had hitherto only been re- ing down a 10-year electrification as compared with US$4.99, posals will represent as nearly as presented by the Minister of programme throughout America, while the New York on London possible the full strength of the Agriculture, by two members,
Government supporters-Reuter.
TWO-DAY FRATE London: The fence debate various conditions: jon Monday will arise on the fol- (1) That the question of lowing motion, to be moved by the making the anniversary of Hel- Prime Minister: "That this House singfors a purely Finnish affair approves the defence proposals of be settled immediately in the the Government which are outlininterests of and in accordance ed in the White Paper." A Labour with the demands of the Fin- Opposition amendment states: nish people.
the that as the safety of the coun-
(2) That
Government try and the peace of the world must use all its constitutional cannot be secured by reliance on power, to eradicate all societies armaments but only by a resolute or associations which are of pursuit of the policy of Interna- subversive or unruly character.
(3) That the tional understanding, adherence to
Government The opening of the annual show of the Hong Kong Horticultural
the Covenant of League of Na-must recognise the various de- mands in economic respects- of Society took place yesterday at 5
tions, disarmament, the progres the Agrarian Party, and see the pm. The cold and dismal weather sive improvement of international
party's S. C. Enterprises $1.35 n.
Messrs. H. B. Joseph and Co. under which Hong Kong has been
labour. standards and economic]
carried programme through Trans-Ocean Service. Macao "Greyhounds" $2 n.
have received
following suffering for several weeks, was co-operation so as to remove the Constructions (old) $14 aquctations in Straits Currency responsible for the absence of causes of war, this House cannot arms race between the nations, Constructions (new) 50 eta. a from Singapore for Raw Rubber many intended entries, but, despite agree to a policy which in fact seeks inevitably leading to war, and Vibro Piling $4.n...
Spot 25% b., Up 26 s. this handicap, the show was a
security in national armaments views with alarm the proposals April-June 26% b., Up % 26% distinctly, creditable one.
alone, and intensifies the ruinons for the reorganisation of industry (Continued at Foot of Next Col) on a war basis, which will ener- Judging took place from 11 am. July-Sept 26% b, Up % 26% and the Flower Show was thrown
mously extend the verted interests the public from 3 pm Braga, the Hon. Mr. T. H. King in arms manufacture and create a 8, when the band of HMS. Cornwall and Mrs. King, and Mr. and Mrs, serious menace to organised la-
played, by kind permission of Cap-R. H. Kotewall.
bour and to the Trade Unions'
Sinceres $2.20 n. Wm. Powells 70 ct.. Wing On (HK) $55 Miscellaneous
Entertainments $4.70 2.
Ch. Gort 5% 1925 G$334-
94% 0.
HK Govt. 4% Loan 4%% prem
b.
HK Govt. 32% Loan par. n. Wallace Harpers $4 n
Mesars.
RAW RUBBER PRICES Latest Quotations From Singapore
the
Oct.-Dec. 26% b, Up 1⁄2 27% Market:Firmer.
BERLIN SHARE MARKET
GOOD DISPLAY DESPITE HANDICAPS
open to
tain E. G. Phillips, RN. Many Tea was served in the drill half, standards, and has no confidence out guarantee. at: New York, The Hong Kong Stock Exchange
people passed round the stalls At 3.45 p.m. HE the Governor in His Majesty's Ministers, whose 40.67; Paris, 6085; Amsterdam, have received a cable from 59.14; and London, 12.28, Paris Derrick and Co., local secretaries in]
during the afternoon, among them arrived to inspect the show. He unworthy and ambiguous foreign Berlin, To-day listless mood being noticed Mrs. A. W. Bar- later presented the prizes in the policy has largely contributed to jquoted the pound sterling Singapore of the Ranb Australian
Gold Mining Co. Ltd., announcing the prevailed on the sharemerket yes- tholomew, Sir William Hornell, drill hall, and received a bowl of the present state of world un- 74.88/89 and the U.S. dollar at output for the five weeks ending Fe-terday. Call money stood at 24 the Misses Margaret and Clara He owers from the hands of little rest." 15.006/01/-Trans-Ocean Service.
bruary 27, 1936 to be 2618 ounces.to 3 per cent-Trans-Ocean Ser-Ting, the Hon. Mr. W. H. Bell and Miss Niva Green, one of the priže The debate will extend over two
vice.
Mxx. Bell, the Hon Mr. J. P. winners.
at
British Wireless Service.