BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION Authorised Capital ...$50,000,000 Issued and Fully-Paid-up 20,000,000 Reserve Funds:---
Sterling
£6,500,000
Hong Kong Currency
Reserve ....$10,000,000. Reserve Liability of Pro-
prietors
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA Lacorporated by Royal Charter, 1853. HEAD OFFICE: LONDON
Paid-up Capital Reserve Fund
Reserve Liability of Pro-
prietors
$20,000,000
Alor Star
HEAD OFFICE: HONG KONG.
DOLID OF DIRECTORS Hon. Mr. J. J. Paterson
Chairman
G. Miskia Esq.
Depaty Choir, HUS,
Bos. Mr. W.H. Beli, C.C. Knight Esq. A Compton Esq. T. E. Pearce Esq.
THE CHINA MAIL, THURSDAY, MARCH 12, 1936
Commerce and Finance
000,000 PROPOSED TAX
ON COAL
. £3,000,000
£3,000,000
Agencies and Branches:
11:00
Rangoon
Ips
Segon
Karachi
Semarang
Balavin
Kamag
Seremba
Homber Cloutta
Khanghai
C
Kuala Lumpur Fuc
Singapore
bilawal
Caba
Capocs Ch De
Kaad
New York
Soundbar *wink Tiratun Tonykab
SH. Dodwell Esq, J.A. Plummer Esq. burg MT. Johnson Esq., A.L. Shields Esq.
AMOY
V. M. Grabera, Esq.
BANGKOK FATAVIA BOMBAY CALCUTTA CANTON CHEFOO COLOMBO
Chiot range.
BRANCUENTOS
MALACCA MANILA
WOLDEN NEW YORK MINING REVANG
-KANGOON
SHANGRAL.
HALPHONG
SAN FRANCISCO
HANKOW HARBIN
SINGAPORE
HONGKEW
RABAYA
ILOILO
33 PATANI HENNIN
YOHAMA
JOBORE
ROBE
TOWLOON
KUALA LUAJTE
Current Accpants opend a Local Currence and Fixed Degt ensations for gave year or shorter paroda in Local Cummary and Sterling on Lertis
be yuoted on
ALSO up le date ATE DEPT BOYES is
A 70 LET.
Hong Kong, 24th February, 1935.
HONG KONG SAVINGS BANK
The Busies of the store Back in rondarted by the HONG KONG AND SHANGHAI BANK- ING CORPORATION, Rules may be obsward AND SHANGHAI FOR THE DONG KONG BANKING CORPORATION
V.. GRAYBURN,
Chur Manngu.
Hong Kong, 24th February, 1936.
THE BANK OF EAST ASIA, LTD.
Hasbow
Barbu
transacted.
Piping
(Taking) Tenang
Yokabacom Zamboanga
HẠNG TO DE
Foxchange and Gal Banking busies Currris Acente opened and Freed Deposits reen for case de shortne perioda mi zmien which will be quoted on appicewoo.
A BREARLEY,
Manager. Hong Kong, 1st January, 1935.
THE
Canton Merchants Object
THIN END OF THE WEDGE?
(From Our Own Correspondent]
Canton, To-day. Coal merchants have raised an objection to paying the coal tax of 50 cents Mex (40 cents Hong Kong money) for a ton of coal. and have also expressed opposition to the registration of their stocks na a means of assessment
here after All coal arriving February 2 is liable to this tax.
AMERICAN EXPRESS COMPANY, which is to be collected for the
INC.
"
Head Office:-65, Broadway, New York
Capital Surplus Reserves
US.$6,000,000.00 2,183,633.0G $70,731.05
Amsterda
Antwerp
BRANCHES:-
Ginge
Athena
Anun
Berlin Bombay Bremen
The Hague
Jambore
Brudeboy Interlaken Jerusalem Londoo
Qura
Calcut
Canon
Calmesbe
Copenhagen Dubia Edipinch
Floreson
Ch
And verpaccal Lacerte
3100 Melat
Napi Punis PATA Pesping Bertran Barne Shanghai Southampto
Lugend -Luzor
nte Carlo
Nunch
Ini Vircua
Yokoham Tartu
Branches of American Express Company in Principal cities of United ............$10,000, States of America and Canada.
$ 3,594,500.00 $2,06395.2
HEAD OFFICE-HONG KONG."
Authorized Capual ..............
Paid-up Capal
Barve by Undivided
10, De Ve
Li Eoon C.
Hond Cable!
BOARD OF DIMECTORS —
Show
Chu, Churmas. PR., Eng Woog I'VE TOME, Ky., Chan Ching book, Fag, Li Lan Sang. Fay Wong Chu Sun. Eng. and Kac Ying: Fo, Esq.
Louny
Balatin
hab To Fo, wq- Chief Kadagar.
lang. Eng., Senegre.
BRANCHES AND AGENCIES:-
Slamala
Bombay Calcutta Can yo #bong Варком Hom
Kobe
Kowloon
London
New York
+
1.
Pepeng
Pax
ZADO
Day Frazz
Seatin
Semarang
tigh
NISSAN NO
Sosialnya
SALO
Thou
Tick:0
Tokyo
Vag
Yakobaina
Every deartipeson af Bikane and Exchange banged branched. Luinis granted on approved Curreal Arounu opened to Local Currency and Frand Dugunsle recurved for UDA year or shorer geride Loose Formga Currencie
wum what will be quoted on application.
Inga Boxes To Los
EAN TONG MO,
Chef Manget.
THE YOKOHAMA SPECIE BANK
LIMITED
Established 1880
Capital (full paid-up) Yen.100,000,000 Beserve Fund .... Yen 129,150,000
Head Office: YOKOHAMA
Branches and Agencies at
Alexandria
Batavia
Berlin
Bombay
Calcutta
Canton
Nagasaki
Nagoya
New York
Osaka
Paris Peiping
Dairen (Daisy) Rangoon
Rio. de. Jeneiro
Fengden (Mukder) San Francisco
Hamburg
Hankow Harbin
Hong
Kong
Honolulu Hainking
Karachi
Kobe London Los Angeles
Manila
Moli
Semarang
Sing
Sonrabaya Sydney sientsin
Tokyo
Tsingtar
Yingkow
Interest allowed for Current Ac- counts.
Deposits.received for fixed periods.
at rates to be obtained on applica tion.
G. KISHINAMI.,
Manager. Hong Kong, 10th March, 1926.
POPEYE
THEY AIN'T NO
SHOOTIN ZEX
I GOT HER IN
SPIES
industry." Coal merchants point out that no protection is necessary, as Kwang-) tung does not produce enough coal for local use.
protection of native
The tax is applicable also to coal coming from other parts of the country. In fact the lery is to increase the revenue for the of Fin- Provincial Department
ance, the estimated revenue from this source being $300.000 a year. Cual merchants decline to reveal whether they have paid any tax- set.
In import circles here it is be- lieved that the coal tax is but a beginning and that other foreign goods may be subject to similar usual the taxes, in addition to Customs duty.
All classes of Commercial Banking COMMODITY PRICES
Transactions undertaken.
The following quotations have! Personal investment accounts hand-been received by Reuter. ied.
Prev. Yesterday
The Company offers to intending Travellers the use of its "Travellera New York Cotton:- Cheques" and Letters of Credit and. March
in addition, the world-wide services May
of its thoroughly equipped Travel July Department
THE CHINA & SOUTH SEA BANK, New York Rubber:--
LIMITED
(Incorporated in China)
Capital.
Head Office-Shanghai
$7,500,000.00 Reserve
.$1,500,000.00 Branches--All Important Cities in
SHARE MARKET
NEW YORK STOCK MARKET
Leaders Look
All Right
DOMESTIC SITUATION IS BASICALLY SOUND
The following is the list of local share quotations issued to-day:-pany.
Banks
H.F. Bank $1,555 H.K. Bank (London) £100 n. Chartered Bank £14 n. Mercantile Bank A. and
530 1 Mercantile Bank C £131⁄2 m Bank of East Asia $73 1.
Insurances
Canton Ins. $270 z. Unions Ins. 35574 n. China Underwriters $1 n. China Fire Ins. $430 HE. Fire Ins. $260 a. International Assce. $34 1.
Shipping
Douglases $36 1. H.K. Steamboats $54 n. Indo-Chinas (Pref.), $30 1. -Indo-Chinas (Def.) $20 mi Shells (Bearer) 89/14 n. Union Waterboats $14.
Mining
Y.
Antamoks $1.95 $3. Balatoes 21 n. Baguio Gold 18 ċts. n. Benguet Consolidated $18.40 x. Benguet Exploration 16, cts. Big Wedge 27 cts. n. Gold Creek 15 cts, n. Gold River 7 cts. . Ipo Mining $24. Itogons 65 cts...a.. Salacots 15 cts. D. Kailan Mining Ad. 11/6 n. Langkats (Single) Sh$10 n. S'hai Exploration Sh.34% n. Shanghai Loans Sh.$1 n. Raube $111. Yenz; Goldfield $3%1⁄2. n.
Doclix, etc.
H.K. and E. Wharves $93 s. H.K, and W. Docks $9 r. Providents (old)· $11⁄4 s. Providents (new) 50 cts, "n. Hong Kew Sh.$190 .
New Engineering Sh.$4 a Shanghai Docks $79 n.
*Cotton Mills
Ewo Cottons Sh.$8 n. Shanghai Cottons (old) Sh.$70
Shanghai Cottons (new) Sh$41
F.K. Lands 4% Debentures
100% n..
Shanghai Lands Sh.$18.
BRITAIN AND CHINA
Support For British Business Firms
PURCHASING COMMISSION'S
MEETING
Messrs. White. Weld and Com-
London, To-day. New York correspondents
The Chinese Government Pur-i for Messrs. S. E. Levy and Courchasing Commission yesterday pany, report:—
held its annual meeting at the Stocks: We believe that the Chinese Embassy, Mr. Quo Tai- market is unjustifiably sensitive tochi presiding. The report pays European news and scares, but we tribute to the late Sir Basil would not disturb positions for Blackett, a "cheerful, helpful, this reason, since the domestic charming colleague.” situation is basically sound and it)
Contracts placed with British will control the long-pull trend firms last year amounted, to £688- Aviation and other
stocks 568, the total from the beginning probably would soften temporarily of operations in. 1931 being on optimistic European develop 3,603,563. The administrative ex- ments. Some active low-priced penses in 1935 were $65 per cent. issues are reaching vulnerable of the expenditure. levels, but the recently mentioned leaders look all right. Business done: 2,190,000 shares.
war
op:
The Committee i has ordered eight more very powerful locomo tives of 190 tons each for the
NEW.. ADVERTISEMENTS
PUBLIC "AUCTION
THE Undersigned have received
Auction.
Tinstructions to sell by Public
: Отд Wednesday, the 18th March, 1935- commencing at 5.15 pm
A Valuable Collection of POSTAGE STAMPS comprising:-
Hong Kong in blocks, etc.. etc.
British Colonies, China and Old
On View from Tuesday...the. 17th March, 1936.
Terms: Cash on Delivery
LAMMERT BROS.
Auctioneers.
Hong Kong, 12th March, 1936.
LINKING TWO NATIONS
Scandinavian Bridge
Planned
Wheat: Continued absence of Cantor-Hankow Railway, in addi- moisture in the South-West and inition to the 16 already acquired. some sections of Ohio is causing The report also draws attention to much apprehension. We expect the extensive equipment for the further decrease in the visible
Machine Works National Central of wheat supply
Monday.
and also the equipment for the Total sales: 12,022,000 bushels.
Cotton:
The American Cotton new nine provinces telephone sys Crop Service
forecasts a heavy tem, nearing completion.
Twenty-one Chinese students
The fantastic project of linking increase in acreage br tenant fax-
were placed last year for prac- ¡mers. We would advise sales of tical training in British engineer Sweden and Denmark by a bridge across the Veresund, between new-crop cotton on
ing and metallurgical firms.
Copenhagen, has vances.
The committee voted warm ap-Malmoe and
further ad-
Flash: Average daily production
* CHINA MAIL" SPECIAL
Stockholm, To-day.
en
gineers. It appears to find much of petroleum during the past week preciation of Mr. C. C. Wang's able been elaborated by Swedish is estimated at 2,758,000 barrels, work-Reuter.
sympathy in the press as well as The in some official quarters. against 2,775,000 barrels the pre- Ivious week.
total cost is estimated at 132,000,-
The Edison Electric Institute estimates electricity production for the past week at 1.393,000,000 k.w.h, an increase of 9.5 per cent over the corresponding period of last year.
LOCAL DOLLAR STEADY
Silver Prices Rise
RETAIL TRADE IN 000 Kronen.
BRITAIN
The Director of the Swedish Highway Construction depart- Steady Upward Trendent has declared himself con- vinced of the feasibility of the project-Trana-Ocean Service.
Continues
London, To-day.
The total value of retail trade
KING'S CIVIL LIST sales reported for the year end- ed January 1936 exceeded £280,-
(Continued from-Page_1.) (000,000, as compared with rather the The local dollar has advanced less than £270,000,000 for
"His Majesty desires that the Sales have 1/16, opening on demand this previous 12 months.
his marriages shown a marked upward tendency contingency of morning at 1/3.
'Spot" silver rose 1/16 to 19% during the past three years and should be taken into account, so while "forward" also advanced an increase of 6.5 per cent. last that in that event there should be 1/16 to 19%.
year over its predecessor affect provision for Her Majesty the The London on New York crossed each of the two main divisions Queen and the members of His rate was quoted at S-US$49778, of merchandise and was shared Majesty's family, corresponding to the provisions which the House as compared with S-US$4.984. by all five areas. while the New York on London) Employment in retail trade of Commons has been willing to per cent. make in like circumstances in the cross-rate was quoted at £--US$ averaged nearly three 4.98, as compared with £-U.S.-higher last year, following a past. $4.983%.
steady improvement of some three per cent. throughout 1934-1935
Metropolitan Lands Sh. $10 2. RAW RUBBER PRICES British Wireless Service
Closing Closing
11.31
11.31 10.97 10.88 10.57 10.66
October
December C. H. BENSON,
General Manager. January
Spot
10.25 10.33 10.26
E.
10.32
10.28
10.36
11.41
Zoong Sings Sh.$12 D. Wing On Textiles Sh.$25 a-
Lands, Hotels, etc.
March
15.94
15.921
May
16.05
16.04
HK and S. Hotels $4 b. H.K. Lands $31 .
Jaly
16.12
16.111
September December
16.21
16.201
16.35a 16.29
Chicago Wheat:~~
Humphreys $9.70 s
September
882
992 99% 89% 89%
88
H.K. Realties $5.85 11.
Chinese Estates $84 n.
Chicago Corn:-
Hay July
60%
Winnipeg Wheat:--
May
THE WING ON BANK, LTD.
July
October
8434 85% 85% $54 85%
SAYA
Peak Trams (new). $.m2' Star Ferries $86 &
Yaumati Ferries $20% n.
Head Office: Hong Kong
C. Light (old) $9.90 b.
New York Silk:-
C. Lights (new) $
s
March
May
1.633 1.59
1.57 1.59
1.663 1.611
HK, Electrics $51 b. ex. rts. ex
27% 9.
Market:-Quiet
tranencial.
China
Forever Exchange and Gears! Banking Busino May Current and Saving Accouzia opened and Fixed July Deposita received for osa year or abariaz perioda, at rates which will be quoted an application.
500 2 GIÁNG,
HONG KONG BEANCE:
Kacagt
21. De Yaux Bood, Central Manneer's Office TL 9545 Foreign Exchange Dept.
Geral Offe Candier's Of
26. Des Voeux Road Central Authorised Capital $10,000,000 LONDON BANKERS:--- Westminster Bank Ltd. Foreign Exchange and every des-July 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 for hire.
PHILIP GOCKCHIN.
Chief Manager.
Job Printi
PEASON ARH
PRICES
THE NEWSPAPER ENTERPRISE LTD. CHIKA NA Huas.
ZAZ MEVSMAN 17.
"Gaol - Door Johnnies."
WELL-SHE AINT GOʻNER, BE SHOT:,
GNATS
TO YOU, SIR!
$409.
$209
60%
THE
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China) Capital paid up .$5,000,000.
$7,200,000.
Reserves Capital Savings Dept. $500,000, Reserve Savings Dept $600,000. Head-Ofice-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 Road Central Phone 31116.
SAY! ARE WE GOING TO LET HIM GET AWAY
WITH THAT?
China Realties Sh4 n. China Debentures Sh.$60 2.
Public Utilities
Latest Quotations From Singapore
"His Majesty also desires that saitable provisions should be made for His Royal Highness the Duke of York as Heir Presump- tive, and in certain events for BERLIN SHARE MARKET
bis"family. It is, however, His Berlin, To-day. -The share Majesty's intention, so long as the market as buoyant yesterday, in-revenues of the Duchy of Corn-- Messrs. E. B. Joseph and Codicating that the international wall are vested in himself,
political situation has undergone make that provision for the Duke Ser-of York and insofar as those re- a relaxation.--Trans-Ocean
venues are sufficient to provide vice.
for His Majesty's privy purse.
HK Tramways $10 b., $10% have
63.
Peak Trams (old) $7
div. Macao Electrics $20 n.
Sandakan Lights $4. Telephones (old) $251⁄2 n. Telephones (new) $9 n. China Buser Sh$111⁄4 n. Singapore Tractions 20/- b. Singapore Tractions Pref. 25/-
The
Industrials
Malabon Sugar's $8.40 n. Cald: Marg (Ord) Sh.319 Cald: Macg. (Pref.), Sh$15 n. Canton Ices $13⁄4 n. Cements $7.90 5 H.K. Ropes: $472, 1.
Stores, etc. Dairy Farms $21 s Watsons 4.85 3.
Lane, Crawfords $6 n.
NO! NO! NO! NO;
WELL TAKE THE LAW INTO
OUR OWN HANDS.
WELL DRAGHER FROM THE
JATE
NO
NO
NO!
received quotations in
the following Currency Straits from Singapore for Raw Rabber.
Spot 25% b., Down 25 s. April-June 26% b.. Unchanged
25% 5. July-Sept. 26
26% 5.
b. Unchanged
REICHSMARK QUOTATIONS
...
to
"His Majesty recommends con--
Berlin, To-day. The Reichs-sideration of these several mat- ters to his faithful Commons, re- mark was, quoted yesterday with- Oct-Dec. 26% b.. Unchanged out guarantee at:New York ring on their attachment to his person and his family to adapt 40.52; Paris, 608.5; Amsterdam, such measures as may be suitable 59.035; and London, 12.305. Paris
Mackintoshs $5 n. Sinceres $2.20 n.
Wm. Powells 70 cts. n. Wing On (H&E) $55 -
Miscellaneous Entertainments $4:70 m
The
quoted the pound sterling at 74-for the occasion.”
Chancellor to-day will 93 to 74.96, and the US. dollar atmove for a Select Committee. to 15.035 to 15.04. - Trans-Ocean consider the message-British Service.
Wireless Service.
MUTUAL EXCHANGE OF WORKERS
WHOLESALE PRICES STEADY
IN BRITAIN
S. C. Enterprises: $135 n. Macao "Greyhounds” $2 i
Berlin, To-day. Negotiations Constructions (ok) $1% 1.
began on Monday in Berlin be Constructions (new) 50 etes. Vibro Piling $4 n.
tween Dutch and German delegat London, To-day-The average Ch. Gort 5% 1925 G$Bdations on the question of the em-of wholesale prices in February
..ployment of Dutch woriters in was practically the same 94% D
versa. The January, but showed an increase". HK Govt 4% Loan 44% prem Germany and vice
proceedings were opened by the of 42 per cent as compared with German Minister of Labour, Herr February 1935-British Wireless:
Service. Seldte-Trans-Ocean Service.
HK Govt 3% Loan par. a Wallace Harpers $4 m. 20
To-morrow.
16. MADAM-6
MISS ZEXA REGRETS SHELL BE UNABLE
TO LUNCH.
TO. DAY-
2.
CLOMP
"It's A Pleasure.”
COME ON- MEN: BREAKI DOWN THE
NOTHING CAN STOP US! WERE. A ANGRY MOB
as in
HONG KONG $ DIRECTORY
1936 ISSUE
NOW
ON SALE
-THE NEWSPAPER ENTERPRISE LTD. 3A, Wyndham. St.
Tel. 20022