BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA
Authorised Capital...$50,000,000 Incorporated by Royal Charter, 1853: Easued and Fully-Paid-up 20,000,000
Reserve Funda:—
Sterling ...... 6,500,000
Hong Kong Currency
HEAD OFFICE: LONDON
Paid-up Capital
.£3,000,000
Reserve Fund
£3,000,000
....$10,000,000
Reserve Liability of Pro
Reserve Liability of Pro-
prietors
£3,000,000
prietors
..$20,000,000
Agencies and Branches:
Bolle
Reserve
HEAD OFFICE: HONG KONG.
BOARD OF DIRECTORS
Hon. Mr. J. 3. Paterson. Chairman.
G. Miskin Esq.,
Deputy Chairma
Hon. Mr. W.H. Bell, C.C. Knight Esq. AR. Compton Esq, T. E. Pearce Esq. S.H. Dodwell Esq., J.A. Plummer Esq. M.T. Johnson Esq, AL Shields Esq. V. M. Graybars, Esq.
AMOY
BANGKOK
BATAVIA
BOMBAY
CALCUTTA
CANTON
CHEFOO COLOMBO DAIREN
FIKICH OW
HAIPHONG HAMBURG
RANKOW
KARHIN
HONGXEW
BULLD
(POE
JOBORE
XURE
KOWLOOK
Chief ManageT.
BRANCHES:
KUALA LUMPUR
LONDON
LYOKN
MALACCA
MANILA
MUAR Gebore?
MUKDEN
NEW YORK.
PEIPING
MENANG HANGOON SAIGON
SAN FRANCISCO
SHANGHAL
SINGAPORE
MOCHARAYA SUNGEL PATANI TIENT IN
TOKYO
TSINGTAO
TOKOHANA
Current Accouble opened in La Currency and Fixed Deponite received for pon year or shocker panode Local Currency and Sterling of vertas
Fuck wil be quoted on appiumazinth TAXES 13)
ALBO up data SAFE. PATIONAL TO LET.
Hong Kong, 24th February, 1336
HONG KONG SAVINGS BANK
The Business of the" abres Bank in conducted by the HONG KONG AND SHANGHAI BANX- Ko ConFORATION, Rule may
applastoa.
FOR THE HONG KONG AND SHANGRAI BANKING CORPORATION.
T, M. GRAYDEEN,
Aloe Stor Azziz Bangkok" Batavia Boobay
Canton
Cevapor Colomb
Cek
Haiphong
Hamburg ankow
arb
Bong Eag
Ipob
Karach
Klang
Eusia Latte per
Kuching
Big Semarang Serembaga dangbai
Sino
Externa
H
Madca
Medan
bourb
Taping Tenh
(Khuker)
+
New York
Toogkah
Poking!
Parping
Геом
Yokotas
**ambag
Furgn Exchange and General Banking busive
transacted
Current Accounts opened Fixed Deposit received for Domy w shorter panods at rates which waốt be quoted on application.
A. BREARLEY,
THE CHINA MAIL, TUESDAY, MARCH 17, 1936
and
Commerce
Finance
NEW YORK STOCK MARKET
Suggested Addition To Holdings
INTERMEDIATE SITUATION
UNCERTAIN
Messrs. White, Weld and Com- jpany, New York correspondents for Messrs. S. E. Lert and Com- pany, report:-
intermediate
"Stocks: The market situation is uncertain, but Manager.we still doubt if there will be any Hong Kong. 1st January, 1935. extended decline here and we
THE
would prefer to add to holdings! during periods of weakness. Busi-
AMERICAN EXPRESS COMPANY,ness done:-1,830,000 shares, -
INC.
Head Office-65, Broadway, New York
US$6,000,000.00 4,183,633.06 $70,731.05
Capital Sprplus Reserves
BRANCHES:-
Xentreux Milan Sion Nozioe Piravun
P
Peping
Amsterdaza Antwort
Змия
25-
"Jussia? Theate Brussala
Cure
Glasgow The Yugos
Hamborg Katri Limidelberg Inseriakat Jerusalem
London
Rotterit
Shanghai Southampton
Wangapor
Thungsain
strained
Chut Sinanger.
Hong Kong, 24th February, 1936.
Calcurta Cachor Covom bo Capelingen Itubuo⚫ Edinburgh Fration
Lucarbe
Следва
Most Carlo
Manzie
Verior Yokobazza Zuck
Ge
Much
Branches of American Express
States of America and Canada.
THE BANK OF EAST ASIA, LTD. Company in Principal cities of United
Suthorised Capital
Paid-up Capital
...............
$18,000,300 DE
marto and Lndivided Pro 2,6G, TAGEN
BEAD OFFICE-119NG KONG.
Doux Hd, Centr
ARD OF DIRECTO
Su Shou-on Chan, ChmermMANI.
Ja Koos Chat, Eng.. P. die kwon, LM;.. Wang
Jug Jong, Eq. Chan Chung Shen, Log. La hold Hang. Erg- Wong Chu Sau Eng and an 1 fo. Ey
Aboy
Havin Bombay
Canton
Kan Tung Io. Ey, Clual Heanger.. LT Fana. Enz. Yanager, BRANCHES AND AGENCIES:-
Haiphong. Hankow Honolulu Kobe Kowloom
London
Vanila
batte Nabarang ehanghai
New York
Para
Penang
Muldry
Tilbak
Tiran
Dan Eranciao
Vancouver
2
اللمبة
Every decription of Baking and Exchang bumine transmited. Lomon gratled ca approved
Surtean Amo opersed in Low Currency s' Fixed Depouse owned lo shariat per 10 Local and Foreign Currencies
which all be quoted es appicatioR.
KAS TONG ro.
Chart Manager.
Date Degil Born To LET.
THE YOKOHAMA SPECIE BANK
LIMITED
Established 1880
All classes of Commercial Banking Transactions undertaken.
Wheat:-The good decrease in; the visible supply has put had any influence on the market. Dust- storms continue in the South- West.
We expect the market to receive support on further de-f clines. Total sales:-14,766,000) bushels.
await some
Cotton: The market was slightly easier. Traders are still inclined to
definite news from Washington regarding the Administration's crop control {plans.
"Flash: Steel mill activity during the past week is estimated cent 60.0 per
of capacity, jagainst 55.8 per cent the previous!
week.
at
COMMODITY PRICES
The following quotations have Personal investment accounts hand-jbeen received by Reater. Hed.
Prev. Yesterday Closing Closing
The Company offers to intending New York Cotton:- Travellers the use of its "Travellers March Cheques" and Letters of Credit and,
in addition, the world-wide services
May
of its thoroughly equipped Travel July Department.
11.31 11.36
October December
10.94 10.95 10.64 10.62 10.25 10.24 10.25 10.25 10.21 10.26 11.36 11.41
C. EL. BENSON, Januarg
General, Manager.
Spot
THE CHINA & SOUTH SEA BANK, New York Rubber:-
$1,500,000.00 Beserve Branches A Important Cities in
China
Forsign Exchange and General Banking Business May | Wenacted
Curves and Saving homounts opened and Fixed July The posita recited for Dos your úr shorter periods states which will be quoted on application.
344.2 CHANG.
HONG KONG 'BRÁNCH 24. Dien Vaux Road, Centesi.
SHARE MARKET
TO-DAY'S QUOTATIONS
Banks
HK. Bank (London) £100% Chartered Bank 5141⁄2 n.
a.
Mercantile Bank A. and
£30 n
E.
H.K. & WHAMPOA DOCK CO., LTD.
Proposed Passing Of Dividend
$200,000 TO SPECIAL RESERVE ACCOUNT
LONDON TIN
MARKET
MARKED DECREASE IN STOCKS
TIGHT POSITION DISCLOSED
London, To-day.
U.S. INTEREST IN AIRSHIPS
German Methods To Be Studied NAVAL OFFICER GOING TO CONTINENT
** CHINA MAIL" SPECIAL
Washington, To-day.
A reduction of 153 tons in the The Directors' Report of the weekly figures brings the visible The following is the list of local Hong Kong and Whampoa Dock United Kingdom tin stocks to 478 In view of the plan to create * Įshare quotations issued to-day:-Co. Ltd. in accordance with the tons, about only one week's con-trans-Atlantic zeppelin Service and Special Resolution passed at the sumption. Moreover, it is believed having regard to the safety with H.K. Bank $1,550 b. $1,560 s. Extraordinary General Meeting of that about half this is held to which the Gh Zeppelin Kas flown shareholders held on March 25. foreign account and consequently the South Atlantic for a number $1,555/60 sh
1935, the issued capital of the the position is even tighter than of years with exemplary punctual- Company was reduced from it appears, but the reduction hasity to schedule, the US. air au- $3,382.00 to $676,400.
already been discounted and the thorities are becoming more and This reduction of capital was demand for cash tin is at present more eager (and with increasing- confirmed by order of the Court not great. Consequently prices support) to build a feet of air- of Hong Kong on April 29, 1935. are hardly affected.
ships for America. The U.S. The amount written off capital,: The Financial News, in a lead-Navy, in spite of its bad experi- namely, $2,705.600.00 has beening article about the tin situation,ences with airships, has decided utilised to write down the assets remarks that when similar to send Commander Scott Peck
The of the Company.
Reserve situation arosè last year the to Germany to study the German Fund of $2,100,000 at December Dutch were able to rush addi-(methods of building airships and, 31. 1934, was used also for the tional supplies to Britain. Un-if possible, to accompany Dr. same purpose.
fortunately there is
such Eckener on the LZ 129 · on its Subsequent to the reduction of safety-valve to-day and the voyages across the North-Atlantic. capital 135,280 new shares of $10market is therefore in a danger Commander Peck is an Ameri- each were issued and fully taken ous condition; and while no big can airship pilot. and has served up during the second half of the consumer has yet suffered a short-fon board the Akron, Los Angeles. 1year under review.
32. 1./
Mercantile Bank C. 413% n Bank of East Asia $73 1.
Insurances Canton Ins. $270 n. Unions Ins. $560/62 China Underwriters $1 m China Fire Ins. $480 ¤. H.K. Fire Ias. $250 sa- International Assce. $3.
Shipping
Douglases $36 D. HK Steamboats $5. Indo-Chinas (Pref.), $30 n. Indo-Chinas (Def.) $20 =. Shells (Bearer) Si/6 n. Union Waterboats $14
Mining
Antamoks $1.86 b Balatoes 21 b. Baguio Gold 18 ets n Benguet Consolidated $18.40 b. Benguet Exploration 14 cts. n. Big Wedge 27 cts. b. Gold Creek 15 cts. n. Gold River 7 ets; a. Ipo Mining $214 m. Itogons 55 cts. n. Salacots 15 cts. n.
4
Kailan Mining Ad. 11/6 n- Langkats (Single). Sh.$10 n. S'hai Exploration Sh.$434 n. Shanghai Loans Sh.$4 m. Raubs $11. Venz; Goldfield $31⁄2 n-
Docks, etc. H.K. and K Wharves $92 b. H.K. and W. Docks $9 n.
Providents (old) $1% b. $1.15/-
1.30 sa. Providents (new) 50 cts. T Hong Kew Sh.$190 1. New Engineering Sh.$4 1. Shanghai Docks. $79 n.
Cotton Milla
Ewo Cottons Sh.$8 n. Shanghai Cottons (old) Sh370|
Shanghai Cottons (new) Sh$40)
Zoong Sings Sh.312 n. Wing On Textiles Sh.$25 n. Lands, Hotels, etc. HK and S. Hotels
$4.05
As shown by the Prost.
and Loss Account, the gross preft on working for the Year ending December 31, 1935. is $594.193.88
After adding schip fees
and unclaimed dividends. and deducting Interest, Rates, Crown Rent, In- strance. Directors and Auditors' Fees and al-
lowing the sum of $121-. 756.46 for Depreciation
on Buildings and Plant, for the the net profit Year 1935 ix To which must be added
the amount brought for- ward from last year.
Less Transfer to Special
Reserve Account
.$ 69,568.15
218,675.63
2
до
jage of cash tin, that by itself is and Makon.
no guarantee of adequate supplies A leading article in the Washing-
for the future.
ton Post, which declares the build- ing of airships a necessity, is but Certain well-informed people
indication OC
of how strong on the market believe, however, public interest in airships has be that the invisible stocks have
come in America The paper greatly increased in the past year. writes: "The first American air- and
the ship made its ascent only five years ago, and no new means of the transport can be adequately tested ein so short a time" The article the further points out that the U.S.
the Government has
of this tin if option on much necessary. Consequently armament programme is zot dangered by the position on London market-Reater.
Ministry of Marine will have to inake specialists of those destined to fly airships, "like Dr. Eckener Germax
Zeppelin Works."-Trans-Ocean- Service..
RAW RUBBER PRICES and the officials of the $288,243.78 Latest Quotations From
200,000.00
Singapore
Leaves at credit of Profit and Loss Account-at
Messrs. H. B. Joseph and Co. December 31, 1935....$.98,243.78 have received the following which it is recommended should quotations in Straits currency be carried forward to next year. from Singapore for Raw Rabber.
The annual meeting will be held
Spot 26 Down b., 26 1⁄44 s. at noon on Monday, March 30.
April/June 26 % Down 13 b
26 34 3.
LOCAL DOLLAR STEADY
T
Silver Prices Fall
The local dollar is steady, open- demand this morning b..ing on
jat 1/3d.
$4.05 sa- H.K. Lands $29. b., $29 52.
Debentures
4%
100% R. Shanghai Lands Sh.$18 1. Metropolitan Lands Sh. $10 Humphreys $9.70
LIMITED
March
May
(Incorporated in China) Head Offer Shanghai
July
year or
Capital
37,500,000.00
September December
15.970
15.891 16.07a 15.97 16.13 16:02 15.23 16.12 16.333 16.234
Chicago Wheat
$37%
99/
89%
H.K. Lands
893%
September
883% ST%
Managne.
Chicago Corn:
Tel. #sca
38567
May July
99799
605%
Winnipeg Wheat:--
May
85%
34%
July October
859
35%
857%
85%
New York Silk:-
March
1.622
1.61
May
1.57/a 1.54%2
1.59% 1.572
Capital (full paid-up) Yen.100,000,000 Reserve Fund.....Yen.129,150,000;
Head Office: YOKOHAMA
Branches and Agencies at
Nagasaki Nagoya
Alexandria
Batavia
Berlin
Bombay
Calentia
Canton
Dairen (Dainy)
Hankow
Harbin
New York
Osaka
Paris
Peiping
Rangoon
(Mukden) Rio de Janeiro
Hong Kong
Horclulu
Hsinking
Karachi Kobe London
Los Angeles
Manila
Moji
counts.
San Francisco
Seattle
Semarang Shanghai Singapore
Sourabaya
Sydney Tientsin
Tokyo
Tsingtau Yingkow
Interest allowed for Current Ac- Deposits received for fixed periods
on applica
at rates to be obtained tion.
G. KISHINAMI,
Manager.
Hong Kong 20th March, 1936.
POPEYE.
Manager's Offi
Foruen Einhange Dept.
General Offr
THE WING ON BANK, LTD.
Head Office: Hong Kong 26. Des Voeux Road Central. Authorised Capital $10,000,000 LONDON BANKERS:- Westminster Bank, Ltd.
Foreign Exchange and every des- July (cripten of banking business transact-
ed.
Current Accounts and Savings Ae- 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 Printies
PLASONABL
PRICES
THE NEWSPAPER INTERPRISE LTD.
CHIRA SĄL BLEN
WYNDHAM 67-
60%
THE
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China)
Capital paid up
....$5,000,000. Reserves
$7,300,000. Capital Savings Dept. $500,000. Reserve Savings Dept. $500,000. Head-Office-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.
"I Didn't Raise My-Boy To Be A Soldier."
(AVAST,YA SWABS,
QUIT SHOOTIN AT
THAT GAL
BOOM.
1 SEZYA ANT
GONER SHOOT NO WOMAN «
EVEN IF SHE IS A SPY!
[AW, IT'S OKAY- (TANT OKAY!!! WE DONT HIT HER-OUR GUNS YA AINT [DONT SHOOT SUSPOSED STRAIGHT TO TAKE THE
LAW IN YER OWN HANDS
HK Realties $5.85 Chinese Estates $84 n. China Realties Sh$t n. China Debentures Sh $60 KL
Public Utilities
H.K. Tramways $10.55 b., $10.60
Peak Trams (old) $7 n. Peak Trams (new) $3. Star Ferries $84 ú.
Yaumati Ferries $20% n.
C. Lights (old) $10.30 b, $10%
s, $10 sa
C. Lights (new) $7 1.
HK. Electrics $534 b., $53-4
82.
Macao Electrics $20 z.
Sandakan Lights $5 b.
Telephones (old) $25.10
b,
24.95/20 s3.
Telephones (new) $9 b China Buses Shi#11% n. Singapore Tractions 20/- b. Singapore Tractions Pref. 25/-
11.
Industrials Malabon Sugars $8.40 n. Cald, Macg. (Ord.) Sh.$194 Cald: Macg. (Pre£), Sh$15 n-
To-morrow.
(LOOK! ZEXA, THE SPY, MY GOSH: 12 IS GONE! (SKELL TELL HER KING ABOUT US NOT HAVING AN,
ARMY
"Spot" silver declined 3/16 to 19-11/16, while "forward" fell to 195%.
The London on New York cross- rate was quoted at £-U.S.$4.972. as compared with £-U.S.54.97%. while the New York on London cross-rate was quoted at £US$ 4.97%, as compared with $4.98.
US
Canton Ices $1% n. Cements $74 b., ST1⁄4/30 sa H.K. Ropes $41⁄2 D.
Stores, etc.
Dairy Farms: $20 b. Watsons $4.55 1. Lane, Crawfords $63⁄4% Di
Mackintoshs $5 m. Sinceres $2.20 n.
Wm. Powells 70- ctx. n. Wing On (HK) $55 -
Miscellaneous
Entertainments $4.70 n. S. C. Enterprises $1.36 2. Macao "Greyhounds”. $2 n. Constructions (old) $1. Constructions (new) 50 ets. 1. Vibro Piling $4 n.
Ch. Govt. 5% 1925-G$BJ^.—
94%.
July/September 26 34 Down
b., 27 s.
DR. GOEMBOES TO VISIT ROME
Journey Postponed Two Days
~ CHINA_MAIL" SPECIAL
Budapest, To-day. The projected visit of the
October/December 27 Down Premier, Dr. Goemboes, and
b. 27 14 S. Market-Quiet.
SUBSTITUTES
FOR RUBBER
Synthetic Product In Germany
**CHINA MAIL" SPECIAL
were
the Foreign Minister to Rome,. where they intend to take part in the discussions between the Italian and Austrian statesmen, has been postponed until Thurs- day, according to the papers. here, which state that the post- journey- ponement of the which was originally fixed for to-day-was decided upon after- 2 conversation between Dr. Goemboes and the Italian Miris-- ter. at Budapest-Trans-Ocean. Service.
WOOD-GAS POWER
PLANT
Contract Secured By German Firm.
Berlin, To-day. The I G. Dye Trust had af special stand at the Berlin! Motor Show for synthetic rub- iber. The first experiments
with synthetic rubber made during the World War, but, as the process was very expensive, it was given up for some time. However, in 1936,
Bavaria, To-day% the Dre Trust built a special
The firm of Humboldt Deutz plant for treating a composition Motoren AG of Cologne. have called "Butadien," the principal received an order to deliver а
which of components
areatationary wood-gas, power plant calcium carbide and coal proof 1,000 hp to Sumatra
"CHINA MAIL" SPECIAC
The
power-
ducts. The synthetic rubber is plant is destined for called "Buna.' Special attestation for a new gold mine. There tion was given to varying the was strong competition, also from characteristics by experiment the British
ing with the different propor-service.
tions; thus one variety is specially resistant to heat
Whereas in 1935 this product
side-Trans-Ocean.
EIGHTY-SEVEN YEARS' SERVICE
was still very expensive, it has Mr. John Smith, who has died, H.K. Govt. 4% Loan 44% prem. now been so much improved aged 96, at Stretlington, Susser, that synthetic rubber will soon was employed for 37 years on the become a common article.-(Duke of Richmond's Goodwood Trans-Ocean Service.
Та
H.K. Govt. 34% Loan par. De Wallace Harpers $4 m.
"But Soldiers Always Get Beans.”
ESCAPED: YOU KNOW WHAT THAT
MEANS!
[IT MEANS]{HECK! WE DON'T)
WAR!
WANT WAR:
WE DON'T (WANT TO ET. (CANNCI
,
OUR MOTHERS DIDN'T RAISE US BOYS TO GET
SHOTS
estate.
HONG KONG $ DIRECTORY
-1936 ISSUE
NOW
ON SALE
THE NEWSPAPER ENTERPRISE LTD.
3A, Wyndham St.
Tel 20022