BANKS
HONG KONG AND SHANGHAI
BANKING CORPORATION
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Authorised Capital $50,000,000 Incorporated by Royal Charter, 1853. Laaned and Fully-Paid-up 20,000,000 ||
Eeserve Funds:
Sterling ...... 6,500,000
Hong Kong Currency
....$10,000,000
Reserve Liability of Pro-
Reserve
prietors
BLAD OFFICE: HONG KONG.
BOARD OF DIRECTO36.
THE CHINA MAIL, THURSDAY, MARCH 26, 1936
Commerce and Finance
LOCAL DOLLAR STEADY
Silver Prices Rise
SHARE MARKET
TO-DAY'S QUOTATIONS
KEAD OFFICE: LONDON Paid-up Capital
Reserve Fund
5,900,000 £3,000,000
.$20,000,000
Reserve Liability of Pro-
prietors
Agencies and Branches:
Aloe Blat
Dele
Lyon
Bangoo Bakgats
Bangkok
Bombay
Nobe
Shangha
on
The local dollar is steady, open- demand this morning ing
Caletta A Csus
Kuala Lacnepar
The following was the list of local share quotations issued to- day-
Banks
Looking
at 1/8
Capos
to
Macin
Taping
Beth
Colombo
Tont
New York
Hankow
Hamburg
Cenang
Harbiy
Hong Song
Hon. Mr. J. J. Paterson. Citem
G. Miskin Esq.
Deputy Chairtons.
Bon. Mr. WFL Bell, C.G. Knight Esq.
A. H. Compton Esq,, T. E. Pearce E. 6. Podwell Esq., J.A. Plummer Esq.png MAT. Johnson Esq. A.L. Shields Esq.
AXOT
V. M. Grayburn, Esq.
ΒΑΝΟΣΟΣ
BATAVIA
MOMBAY
CALCUTTA
CHEFOO
COLOMBO
MAIREN
POOCHOW KAIPBONG КАМЕСВА HANKOW
HARRIN BONG KEW
CLOBO
POR
JOHORT
XOBX
KOWLOOK
Chist Manage.
BRANCHES :
KUALA LUMPUR
LONDON LYONS
MALACCA
KANILA
MUAR Jobore)
ИСКРЕН
NEW YORK
PEIPING PENANG
RANGOON
MLGOK
SAN FRANCISCO
SHANGHAI
SINGAPORE
SOTRABRYA
GUNGEI PATANI
TIENTSIN
TOKYO
TSINGTAO
YOKOHAMA
Current Acoats opened at Low Currency and Fised Degalin moved for one year or shoelar periods in Lomi Currency and Edarling on terma
We will be casted on PPTENT BOXES
dete SAFE
23:20 19 10,4 Perious die TO LIVE.
Yokonane Zambaraga
"Spot" silver advanced 20346, white "forward" rose 5/16 to 20%.
The London on New York cross- rate was quoted at US$4.95%,
Forge Cxchange and Creceral Banking butas compared with. £US$4.96. Current scan opened and Fixed Depo while the New York on London roved. Iar con your or shorter periode ni relev
cross-rate was unchanged at 5- which will be quoted on application.
A. BREAKLEY,
US$4.964. Manager. Hong Kong, 1st January, 1955.
THE
AMERICAN EXPRESS COMPANY, INC.
Hong Kong, 24th February, 1986. A
HONG KONG SAVINGS BANK
Head Office: 65, Broadway. New York
Capital
Surplus
Reserves
Amemedans
Albecs
Bala Baris
Bombay
U.S.$6,000,000.00 2,183,633.06 $70,731.05
BRANCHES:
Ga "Hangou
The Bagas
Hamburg Hatre Heidelberg Interlaken
Ireed
Brussel
Cairo
Load
Babes any b
Cicuta Caspe
L
Colombo
The Beatness of the abers Bank in conduc
by the HONG SONG AND SHANGHAI BANKING CORPORATION.
strained on applica
POR THE HONG KONG AND SHANGHAI BANKING CORPORATION.
V. M. GRAYECEN,
Chant Manage
Hong Kong, 24th February, 1936.
Capakage Dublin Edinburgh
Fores Gearts
Krverpool
Lumoo Luxat
Kooten Milan Now Napin
Pare
Boscarde Funera Shanghai Southampto
Mariling
Moals Coria B
Tine salu VLIOJA Vanim
Zanck
Munion
American
TAX PROPOSALS IN AMERICA
"Full Programme To : Be Discussed
CERTAIN FACTORS ELIMINATED
Washington. To-day. The sub-committee of the House on taxation of Representatives has suddenly reversed itself by deciding to keep the processing and other excise out out of the re- port on the new tax programme, fon which the full committce be-:
gins its hearing on Monday.
The Chairman. Mr. Hill, said: "We have eliminated these factors
never we were Branches of
Express entirely because Company in Principal cities of United keen about them and felt we could set aside a fairly close sum THE BANK OF EAST ASIA, LTD. States of America and Canada.
All classes of Commercial Banking to the required amount of revenue
from other sources." Authorised Capital Рамстор Серка
mittee also agreed to reduce from Berre and. Undreidad Proble2,05%, Transactions undertaken.
Personal investment accounts hand-33.5 to 225 per cent. the tax rates! led.
on dividends to non-resident-atten stock owners.
630,000,000.00 5,598,600,00
HEAD OFFICE-LONG KUNG.
11
29. De Voruz Blond, Central
BOARD OF DIRECTORS —
Se Shop-am Chow, Chart.
Li Iooo Chute - P. & Kwok, tag.
The Company offers to intending Yua Tong. Legs Chung Stek Lagu Lo La Travellers the use of its "Travellers Chegues and Letters of Credit and bang. Fag, Wang Chu son, Esq. mad
in addition, the world-wide services of its thoroughly equipped Travel Department.
Batavia
Kam Tung Po. Eng. Ched Manager i
Tos Fons. Figs Matsen. BRANCHES AND AGENCIES
Oudenata Chato Haiphong Hasov Benolube Kobe
anila Melbou Sarmad
w York
جلين
Pure
Penang
DOP
Bangood
S
London
San FrancacO
Seattle
Ziemarang
PLESPOTS
Sourabaya.
Seal Mydney
Thi hory
okobama
Every descriptio of Banking and Exchange (
· Long grated on approved : buttons transected.
Curre Locounte opened in Local Currency and Fixed Depot rented for one year or shorter periods in Local and Foreign CurTWICEM on terms which will be quoted on application.
Sala Depo Beam To Let
KAN TONG PU
Cbus! ManneME.
THE YOKOHAMA SPECIE BANK
LISTED
Established 1889
Capital (full paid-up) Yen 100,000,000 .Yen.129,150,000 Beserve Fund
Head Office: YOKOHAMA
Branches and Agencies at
Alexandria·
Batavia
Berlin
Bombay
Calcutta
Canton
Nagasaid
Nagoya
New York Osala
Paris
Peiping
Dairen (Dainy) Rangoon
Fengtien (Mukden) Rio de Jeneiro
Hamburg
Hankow
Harbin
Rong Kong. Popolala
Hsinking Karachi Κούσ
London
Los Angeles
Manila
Moji
counts.
San Francisco Seattle
Semarang
Shanghai
Singapore Sourabaya
Sydney
Tientsin Tokyo
Tsingh
Yingkow
The com-
pro
H. Bank $1,560,11. H.K. Bank (London) £101 m. Chartered Bank $143⁄41⁄2 n. Mercantile Bank A and
$301⁄2 31.
Mercantile Bank C. 13% Bank of East Asia $773
Insurances
Canton Ins. $270 m. Unions Ins. $555/5571⁄2, sa, China Underwriters: $1 p. China Fire Ins. $480 HK Fire Ins. $2471⁄2 b.,
50 33
International Asace. $3% 1
Shipping
NEW YORK STOCK MARKET
Bullish Sentiment Apparent
| BRITISH CABINET COUNCIL
(Continued from Page 1)
FRANCE- NOT PLEASED Paris: The French press reacts
KEEN DEMAND FOR SUPPLIES-unfavourably to the German Note hauded in on Tuesday, it being generally interpreted 33 a com
Messrs. White, Weld and Com-
pany, New York Correspondents plete rejection of the Locarno for Messrs. S. E. Levy and Con proposals.
A certain uniformity in the pany, report:
press comments seems to indicate Stocks: Sentiment to-day turn-that they are officially inspired, ed bullish, with a keen demand with the intention of justifying for supplies. All sections of the the demand that the military pro- market staged a recovery, with visions of the Locamo Memoran- industrial issues in the lead. Dow-idum, envisaging â contact between B. Jones industrisi average advanced the General Staffa of the four as much as 1.32. The volume of Locarno Powers, should come into business done was fairly heavy, force.
the long According to the press com-] We continue to favour side, especially in automobile, farmaments from London, Mr. Eden is and oil securities said to have informed the French implement
Ambassador that the guarantors' Business done: 1,910,000 shares.
PUBLIC AUCTIONS
THE
THE Undersigned have received: instructions to sell by Puble
Auction
Friday, the 27th March, 1935 commencing at 11:00 am- at their Sales Enom, Daddell Street
A Quantity of Sundry Goods
and -
A Quantity of VALUABLE HOUSEHOLD
FURNITURE Terms: Cash on Delivery
LAMMERT BROS.,
Auctioneers Hong Kong, 25th March, 1995.
THE Undersigned have received instructions to sell by Public
Auction
од .
Friday, the 27th March, 1936. commencing at 11.00 am at their Sales Room
.Duddell Street
11 Cases Dyes
4 Cases Tinsels
2 Gases Laces
8: Cartoons Sanitary Napkins
and
A Quantity of Antimony Ware, may. still be regarded plectric Heaters and Motors etc
Wheat: The improved weather assurances given by Britain and South-West Italy to France and Belgium in conditions in the $245/ caused prices to decline to-day-the event of the failure of the for Canadian negotiations will be regarded as Export demand wheat was somewhat better, but it definite and final. This is caus- would have to improve before aling much gratification here, though steadying influence can be impart-the question remains whether the jed. Total sales: 16,311,000 assurance
as definite if Italy still further! bushels.
Cotton: The market is still un-withholds her approval of the certain and price fluctuations are Memorandum. narrow. We do not think there
ANGLO-ITALIAN TENSION will be any material advance until
Some anxiety is felt here con- the Administration's position re garding crop restriction and the cerning Mr. Edën. it being fear disposal of the cotton held by the ed that he might possibly share Sir Samuel Hoare's fate in case Government are clarified
Douglases $36 1. H.K. Steamboats $51⁄41⁄2 z. Indo-Chinas (Pref.), $30 . Indo-Chinas (DeL) $20 n. Shells (Bearer) 89/41⁄2 Union Waterboats $13 a.
Mining Antamoks $2.15 .. $2.17 sa Balatoes 21 n.
Baguio Gold 22 cts. sa, and b. Benguet Consolidated - $18.40 Benguet Exploration 18 cts. n. Bag Wedge 26 cts. sa.. Demonstration 61 cts. ga. Gold Creek 15 cts. m. Gold River, 7- cts. n. Itogons 65 cts. n. LXL $1.35 b.
Salacots 15 cia. a. Kailan Mining Ad. 11/3 n. Langkats (Single) Sh$10 a Masbate 67 cts. b.
Shai Exploration Sh.$41⁄2 n. Shanghai Loans Sh.$4`n Raubs $11
San Mauricio 92 cts. b.
h.
United Paracle 61 cts. b., 61/62
cts. sa
Venz; Goldfeld $31⁄2
Docks, etc.
to
HK. and K. Wherres $32. E.K. and W. Docks $9.
(old) $1.40. b.. Providents
Besides eliminating the cessing taxes the House sub committee on taxation agreed that the discussion of the full com-
be restricted mittee should three major proposals:
(1) Broadly to revise the cor-
the in THE CHINA & SOUTH SEA BANK. Poration taxes, estimated to bring
$591,000,000, based on amount of the net income held for the reserve;
C. H. BENSON,
General Manager.
LIMITED
the of (Incorporated in China)
(2) Ninety per cent Head Offer-Shanghai
windfall tax will bring at least Capital
$7,500,000,00
$100,000,000 to be levied .$1,500,000.00 Reserve Branches-All Important Cities in paid or
taxes;
China Foreign Exige and General Habisag Businem transacted.
on un-
$1.45 $2. Providents (New) $20 cts. I Hong Kew-Sh$190 m New Engineering Sh$4 n Shanghai Docks. $79 n.
Cotton Mil
Ewo Cottons Sh.$8.
Flash: Average daily production the debate in the Commons today of petroleum during the past week takes an unfavourable turn for the is estimated at 2,836,000 barrels, British Government It is, more- against 2,808,000 barrels the pre-over, generally assumed that the debate will influence the question vious week.
an Institute of The Edison Electric
eventual Franco-British estimates electricity production at military agreement 1,860,000,000 kw.h., an increase of The încreased tension between 78 per cent from the correspond-Britain and Italy is likewise cans- ing period of last year.
REICHSBANK RETURN
Increase In Note Cover Recorded
** CHINA MAIL" SPECIAL
etc.
-Terms: Cash on Delivery
LAMMERT BROS..
Auctioneers. Hong Kong, 25th March, 1936. ·
THE Undersigned 'have received insunctions to sell by Public Auction
од
Friday, the 27th March, 1936 commencing at 2.30 p.m.
at their Sales Room, No. $5 Hankow Boad, Kowloon A Quantity of VALUABLE HOUSEHOLD
FURNITURE
ing some misgivings here A Comprising:-
Teak Bed Room and Dining though it is stated that French
Roo Furniture, Chesterfield official circles had in the beginning resented Mr. Eden's statement in Suites, Office Furniture, Carpets, Rugs, Enamel and Shanghai the Commons, and actually con- sidered withdrawal from the sanc- Baths, Omaments, Pictures, Elec been tric Table Lamps and Fans, tions. this idea has now given up, because it would con-Cutlery, Brass and Glass Ware, and Aluminium Ware, stitute a "unilateral action" simi-E. P. lar to that for which Germany has Porcelain Ware, etc, etc. been condemned by the League
A Few Pieces of Black Woot Council.
Furniture.
I
also
On View from Thursday the
Terms: Cash on Delivery
LAMMERT BROS,
Auctioneers.
QUESTION IN COMMONS Berlin, To-day.
London: The Labour member 26th March, 1936.
the The Reichsbank return, dated Mr.
asked T. Johnston- March 23, issued yesterday, shows Premier whether he could under- an increase in the gold stock by take to hold a referendum before 0.1 to 71.7 million marks, and in opening the consultations between the foreign currency reserves by the General Staffs of Britain,
Hong Kong, 24th March, 1936:
THE Undersigned have received
01 to 5.5, making a total increase France, Italy and Belgium, as Tinstructions to sell by Pablie
by the Locarno unrefunded processing
in the note cover of 0.2 to 77.2 provided for
Corset and Baring Accounts opened and Fixed (3) The temporary continuation
Deposit red one year or shorter parads at is which will be:gnosed on application.
bou 2 CHANG,
HONG KONG: BRANCH:
2. Des Your Zouk, Central.
Manager's Office mana
Foreign Exchange. Duple
Genen Onio
Cantia' CON
23647 $3000
THE WING ON BANK, LTD.
Head Office: Hong Kong
26. Des Voer Road Central Authorised Capital $10,000,000 LONDON BANKERS:- Westminster Bank, Ltd. Foreign Exchange and every cripton of banking business transact-
ed
of the existing capital stock and the excess profit tax, to yield $83,000,000.
The above-mentioned...revised tax on dividends paid to for- jeizners is estimated to produce
$25,000,000.-Reuter.
BERLIN SHARE MARKET
Berlin,
-
share to-day. The market was in a very buoyant Fixed interest mood yesterday. der-securities were little changed, and the turnover was amali Call at 3 per cent.-
Current Accounts and Savings Ae Money stood counts opened. Fixed Deposits re Trans-Ocean Service. ceived at rates which, w
will be quoted on application
Trusteeship & Executorship. under- taken. Safe Deposit Boxes for hire.
PHILIP GOCKCHIN
ד!
Chity Manager.
REICHSMARK QUOTATIONS
Berlin, to-day-The Reichs- mark was quoted yesterday with- out guarantee at: New York, Amsterdam,
Interest allowed for Current Ac-40.40; Paris, 609.5: Deposits received for fixed periods 59.15; and London, 12292. - Paris on applica-quoted the Pound sterling at 74.97 to 75.0 and the US. dollar at 15.115 to 15.11%-Trans-Ocean Service.
at rates to be obtained
tion.
G. KISHINAMI. -
Manager.
Hong Kong, 10th March, 1936.
POPEYE.
"Hiding Behind The Bush.”
SO YOUR MEN ARE DRESSING UP AS KIDS SO THEY JONT HAVE TO JOIN THE ARMY-.
YEAH-BUT ILL):
FIX 'EM
BUT, SIR.
UE CANT JOIN
(STEP INTO
THIS ROOM THE ARMY WEI YAM GONER ARE ONLY
LYA OP THREE
THE
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China)
.$5,000,000. Capital paid up
..$7,200,000. Eeserves Capital Savings Dept. $500,000. Beserve Savings Dept. $600,000 Head-Office-Shanghai
A Bank having as its mission the industrial development on China and the fostering of her commercial relations, abroad.
Office Home Bour
6, Queen's Road Central Phone $1116.
BUT HOW ARE YOU GOING TO
TELL ANYTHING
ABOUT THEIR AGES BY KEEPING "THEN LOCKED UP
Shanghai Cottons (old) Sh$70 Shanghai Cottons (new) Sh$40
De
Zoong Sings Sh$12 n. Wing On Textiles Sh$25 1.
Lands, Hotels, etc. HK and S. Hotel $445-82. · HK Lands $291⁄2 b. HK. Lands 4% Debentures
100% b
Shanghai Lands Sh.$13 u Metropolitan Lands Sh. $10 a. Humphreys $94 3.
HK Realties $5 - Chinese Estates 184 1 China Rexities Sh.44 n China Debentures Sh$60 n
Public Utilities
H.K. Tramways $10.70 s. Peak Trang (old) $ 1. Peak Trams (next) $3 n. Star Ferries- $84-n. YaumatiTM Ferries $19 1.
C. Lights (old) $10.60 b., $10
$2
C. Lights (new) $7.35 b. E.K. Electrics. $63 sa. Macao Electrica “$20 n.. Sandakan Lights $7 b Telephones (old) $25.15 z. Telephones (new) $9 n China Buses Sh$114 . Singapore Tractions 21/- b. Singapore Tractions Pref. 26/-)
II.
Industriais Malabon Sugars $8:40 n.
од
Saturday, the 28th. March, 1936- commercing at 10.00 am2.
million Reichsmarks.
Memorandum, in the event of an Auction The note circulation declined unsatisfactory German reply. Mr. by 121.1 to 3,843.4 million Baldwin regretted not being able The amount of to give any such undertaking--- Reichsmarks credit issued as measured by the Trans Ocean Service.. bills, cheques and advances, de- clined by 149.2 to 4,352.9 million! Reichsmarks.-Trans-Ocean
{vice.
Ser
Cald, Marg. (Ord.) Sh.519% - Cements $8.30 n. Canton Ices $14 HK Ropes $47% m
Stores, etc Dairy Farmis $191⁄2 sa. Watsons $4% 8. Lane, Crawfords $634 z
Mackintoshs $5 Sinceres $2.10 b. Win Powells 70 cts. Wing On (EK) $55 Miscellaneous
Entertainments $4.70 n. S. C. Enterprises $135 n. Macas "Greyhounds" $2 a. Constructions (ok) $1% n Constructions (new) 50 cts. a. Vibro Piling $4 n.. Ch. Govt 5% 1925 G$Bảμ--
94%. D.
FLK Govt 4% Loan 44% prem
b.
HE. Govt. 92% Loan par. a. Wallace Harpers $42.
To-morrow.
THREE DAYS LATER
CURSES
PODE
THAS
EASY
OKAY BOYS-
CURSES
TO YOU FROM
YAM GONER
LET. YA OUT
NOW
at No. 211 Prince Edward Road, Kowloon
A Quantity of VALUABLE HOUSEHOLD
FURNITURE siso
One 6 Cylinders "Fixt” “Tourer (in excellent running order).
On View from Friday the 27th, March 1936.
Terms: Cash on Delivery
LAMMEET BROS.,
Auctioneers:
Hong Kong, 24th March, 1935
DISAPPOINTMENT APPARENT London: The House of Com- on foreign affairs ¡mons debate
will take place to-day and several members asking questions yester day afternoon were urged to jawait the statement which will then be made by the Foreign Se cretary. Disappointment at the unhelpful' character of the Ger- man memorandum in reply to the four-Power proposals was appar- Jent, both in official and journalis-
tic circles in London yesterday. THE Undersigned have received While there is, gratification that instructions to sell by Pablie the path of negotiation remains open, the common view appears to be that the hope of progress depends on the realisation in Ber lin of the necessity for some con- structive suggestion from the German side for the restoration of confidence, which is essential before negotiations can begin,
The Foreign Secretary had con versations yesterday afternoon with the German Envoy, Herr von and the Russian Ribbentrop, Foreign Minister, M Litvinoff. British Wireless, Service.
Auction
פס
Wednesday, the 1st April, 1936- commencing at 10.30 a.mL
at No. 14, Tak Shing Street, (1st Floor) Kowloon
A Quantity of VALUABLE HOUSEHOLD
FURNITURE
On View from Tuesday the 31st March, 1936.
Terms: Cash on Delivery
LAMMEET BROS.
Auctioneers. Hong Kong, 25th March, 1935.
"The Eyes Have It."
HONG NG
DIRECTORY
1936 ISSUE
NOW
ON SALE
THE NEWSPAPER ENTERPRISE LÍD.
BA. Wyndham St.:
Tel. 29022
}
فلام