BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
Authorised Capital
......$50,000,000 Issued and Fully-Paid-up 290,000,000 Reserve Funds:—
Star-Hag ...... 6,500,000 Hong Kong Currency
Reserve
....$20,000,000
Raservs Liability of Pro-
priators*
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA Incorporated by Royal Charter, 1953.
HEAD OFFICE: LONDON
Reserve Liability of Pro-
£3,000,000 £3,000,000
THE CHINA MAIL, FRIDAY, MAY 1, 1936
and
Commerce
Finance
SHARE MARKET
The following was the list of £3,000,000 local share quotations issued to
Paid-up Capital
Reserve Fand
prietors
$20,000,000
Agencies and Branches:
Nor Same
Haile
Azartame
Ipot
Bangoon Baron
Борився
Xiang
Beremban
Lobe
HEAD OFFICE: BONG KONG.
BOARD OF DIRECTORS,
Hon. Mr. J. J. Paterson. Chairman
G. Miskin Esq, Deputy Chalaki.
Hon. Mr. W.H. Bell, JR. Masson Esq
Compton Esq. T. E. Pearce Esq.
Hon. Kr. S. H. Dodwell,
J. A. Plummer Esq.
KT. Johnson Esq. AL Shields Esq.
AMOT
Y. M. Grayburn; Esq-
BANGKOK
BATAVIA
BOMBAY
CALCUTTA
CANTON
CREPOO
QULAMBO
BALEN
POOCHOW
KAIPHONG
HAMBUSO
HANKOW
BABBIN
HONGLEW
LLOLLO
POL!
JOHORE
KUND
FOWLUON
Chief Manager.
BRANCHES
XUALA LUMPUR
LONDON
LYONS
MALACCA
VANIL
CAN Jobare)
QUES
PEIPING
TENANG
KANGOOS
SALVON
SAN FRANCISCO
SHANGHA
SINGAPORE
SOURABAYA
SUNGHI PATANI TIENTSIN
TUKTO
TSINGTAO
TOKOHAMA
Curnal Account opens in Local Currency and and Depois mod for a year or aborter sendes Currency and timeling os sarma
kogh wil be quoted wi sppùcsu. ROTER in
alath up to date batt pero al TO LET.
Hong Kong, 24th February, 1936.
HONG KONG SAVINGS BANK
The Bus of the absen Bank is maluck.
and by the HUNG KONG AND SHAMIMhath BASHING CORPORATION.
etecsed on Appuestos.
Bul way De
FOR THE HUNG HUNG AND SHANGHAI
BANKING CORPORATION.
V.X. GHATICES,
Chat Hang.
Hong Kong, 24th February, 1936.
THE BANK OF EAST ASIA, LTD. Autorized Expels
20,000.00 $3.346.600.0B dup Cap
Ladivided frost 2.063,242
HEAD OFF:GE:-LONG KONG.
10 Forus Hood. Central
BOARD OF DIRECTORS-
Ser
Id Loos Chun,
Choe, CITIES. A
W Ius Tong, bag Chan Ching Sbak, Esq., Li Lo Bent. Eng. Hung Chu sou. Ey, and Kao Ying Ja Eay.
عداد طين
Ea Tung Pa. Eng., Chind Minsager.,
In I's Fool, Eng. Manager.
BRANCHES AND AGENCIES:
Xazila
Amoy
Bakerie
Melbourn
BouDRY
Sente Semarang 6nghai
New Lock
Cantom
Euphong
E
Par Vespa
Słow
Fanciule
Fena
Lobe Legions Landas
Xan, 200
Tipulin
Segon bei Prascin
Tokya
Sydney
Yakobam
Ivery dortion of Barking and Ercheage basses transació. La gestiled on approved
untin
Create upward in Local Currency and Fixed Deposits reosved for on your or aborter periods in Local and Forsigo Carrepia or words which will he quoted on application.
Vale Depous Boom To
AS TONG FO.
Chiel Manager.
Bangkok
BAMTIS
Bombay
Calenta
Ku Lustigen
Kuching
Modes
Yasiin
Shanghe
Singapore
titan wan
Soursheys
TAPLIE
Tiental
Canton
Carpone
Cabs
Colombo De
Medan
New York
Tongba
Haiphong
blinburg
Pring) Герма
Hong Song
Zamboanga s
Foreign Exchange and General Basking business Lianascied.
Curreal Accounts opened and Fized Deponite received for one year or abortus parsada at rate we will be quoted an appostion.
A. BREARLEY,
Manager. Hong Kong 1st January, 1935.
THE
AMERICAN EXPRESS COMPANY,
INC.
lucorporated with Lanted Liability in Vidik,
Head Office:65, Broadway, New York
Capital Surplus Reserves
.U.S.$8,000,000.00 2,153,533.00 ST0,7$1.00
BRANCHES....
Glagow
4 cada
Gep
Ashana
Jausma
Bagia
Berlin
The Hague HATEDA
Hamburg
Havre Heidelberg
BornDay
Breman
1
L'ILLIO
Chicusta
Zerosaisca London Liverpool LAM Lugano Lesson Karoling
Cance
Colabo
Copenhagen
Dublin Edinburg
Five
Grew
Koste Carlo
Manila
Mutuok
Konkrau
مهاري
Xio
Kapi
Pizze
Lara
Perping
Botterdam Bome Stacchi Southampton
Singapore TELE VINGAR
Vamos
Tokubos Zanch
American Express Branches of Company in Principal cities of United States of America and Canada.
All classes of Commercial Banking Transactions undertaken.
led
Personal investment accounts hand-
The Company offers to interding Travellers the use of its "Travellers Cheques" and Letters of Credit and, in addition, the world-wide services of its thoroughly equipped Travel Department
C. EL BENSON,
General Manager.
THE CHINA & SOUTH SEA BANK, LIMITED
(Incorporated in China) Head OfficeShanghai
Capital
$7,500,000.00 $1,500,000.00 Branches-All Important Cities
Reserve
Chiza Forsign Exchange and Chemeral Busting BowlIHNE
treccio
Cras and Sering koomusím opened" and Fixed
THE YOKOHAMA SPECIE BANK Deposits and for one year or shorter periods
LIMITED
Established 1880
at thing which will be quoted on applications.
BOU Z. CHANG,
Zapage. HOXE LONG BRANCH: 2. Des Yeux Bood, Conizal. Manager's Off
Foreign Exchange Dept, Cashier's Offer mem
Capital (full paid-up) Yen,100,000,000 Geen Oos Beserve Fund...Yen 129,150,000
• Head Office: YOKOHAMA Branches and Agencies at
Nagasaki Alexandria
Nagoya New York Ognica Paria
Batavia
Berlin
Bombay
Calcutta
Dairen (Dainy)
Fengtien (Mukden) Rio de
Hamburg
Hankow Harbin Hong Kong Hozelale
Hainicing
karachi
Kobe
ALODE
London
Los Angeles
Mazila Moji
Sar
Jensirs Franciaco
Sourabaya
Sydney Tientsin Tokyo
- Tsingtan Yingkow
Interest allowed for Current Ac-
exunta.
‚#Tel. #3504
THE WING ON BANK, LTD.
Head Office: Hong Kong 25, Des Voeux Road Central. Authorized Capital $10,000,000
LONDON BANKEES:
Westminster Bank, Ltd. Foreign Exchange and every des- [cripton af banking business transact-
ed.
Current Accounts and Savings Ac-1 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.
THE
Deposits received for fixed periods| SHANGHAI, COMMERCIAL &
at rates to be obtained on applica
tion.
G. KISHINAMI,
Manager.
Hong Kong, 10th March, 1936.
YOU
Are invited to inspect our stock of
Asiatic, Foreign and Colonial
Postage Stamps in Sets, Stugle, Packets, Bags and in approval Sheets
SAVINGS BANK- LIMITED (Incorporated in China)'
Capital paid up, ...........
...$5,000,000. Reserves
$77,300,000. Capital Savings Dept. $500,000. Reserve Savings Dept. $600,000. Head-Offco Shanghai
A Bank having as its mission the industrial development China and the fostering of ber commercial relations abroad. Hong Kong One
6, Queen's Road Central Phone $1116.
INSURED VALUES OF SHIPS
IN BRITAIN
London, to-day-The Board of Trade have appointed a com- mittee to enquire into the pre- sent system of insuring the halls jot vessels, in the light of the re cent judicial. comments on the in- Established 1996 · Hong Kang--sured values of ships. for total
GRACA & CO. Dealers in Postage Stamps, Philatelle Gooča, deci, &c. No. 39, Wadham Street,
Inst.--British Wireless Service.
day--
Banka
H.K. Banks $1,512
sa.
H.K. Bank (London) £102. Chartered Bank $14. Mercantile Bank A. and B
30% n-
Mercantile Bank C. £13 n. Bank of East Asia $73 1.
Insurances
Canton Ins. $. Caion Ins. $515 sa. China Underwriters $1 n. China Fire Ins. $450 . H.K. Fire Ins. $250 n. International Assce: Sh$3 n.
Shipping
Douglases $36 n.
H.K. Steamboats $54. Indo-Chinas (Pref.), $30 1 Indo-Chinas (Def.) $20 Shell (Bearer) 93/1 Union Waterboats $12.20 n.
1 Mining
Antamoks $2.20 b.
Balatoes $21.
h.
Baguio Gold 27 cts. b. Eenguet Consolidated $18.20 n. Benguet Exploration 22 cts. n. Big Wedge 35 cts. n.
NEW YORK STOCK MARKET
Minor Recovery
Staged
ADVICE TO TAKE TRADING PROFITS
⭑
pany. report:-
SHORT-TERM CREDITS
US. CHAMBER OF COMMERCE
Administration
Alleged Indulgences To Stringent Attacks On
Germany
London, To-day.
The Chancellor of the Eche- quer, asked in the House of Com- Tras
aware
RETARDING RECOVERY
pos-
NEW ADVERTISEMENTS
NOTICE
MR. F. C. HALL has This Day
been authorised to sign the- name of the Firm.
JARDINE, MATHESON
& CO. LTD. Hong Kong, 1st May, 1936.
KING FUAD'S FUNERAL
1:
Thousands Attend Last Rites
REGENCY QUESTION STILL UNSETTLED
Washington. To-day. Concluding its annual convention mons yesterday whether he
United States Chamber of that several banks had the granted German borrowers short-Commerce approved a resolution term credits outside the stand-condemning the administration's still agreement, and whether in tax programme as retarding re- view of the fact that such credit covery and re-employment, and at- additional tacking the Federal control of pri- transactions procured
as indefensible foreign exchange resources ea-vate production abling the German Government tojand against the public interest Messrs. White, Weld and Com-increase its raw material imports Other resolutions attack Govern- he would dis-ment competition with private pary, New York Correspondents for re-armament. for Messrs. S. E. Levy and Com-leourage the granting of new cre-business and also the attempt to dits to German borrowers, repliedịchange the Supreme Court and the Stocks: The market to-day that he was not aware of any such trade agreement facilitating exces sive farm imperts. The Chamber
a survey of the staged a minor recovery, especial-credits.
He could, however, assure the approved Ir in industrial issues. We would
CHINA: MAIL" SPECIAL
Cairo, To-day. take trading profits. Business done House that the question had not sibility of re-employment by pri- ever!vate enterprise, but sharply con- been overlooked and was
The mortal remains of the 2,810,000 shares.
of jdemned the Government attempt: Wheat: A forecast of the wea-present
Heby legislative means or the execu- late King Fuad 1 of Egypt ther mostly indicates fair condi- the appropriate. authorities. tions in the dry areas. Consider had no reason to believe that the tive fist to impose upon business were laid in their last resting in labour rela-place yesterday in the Mosque a whole rules of conduct
the of El Rifa at the retarding both. ing the weather and consumption banking community as prospects, we recommend the pur-were acting other than in accor-tions, chasing of new crops on weakness dance with the general feeling of material and spiritual progress of Cairo. built by the and taking profits bulges the House-British Wireless Ser-the nation.-Reuter.
of
vice. Total sales: 27,729,000 bushels.
Cotton: The Producers Pool is reported to be selling May and hedge selling July and October) cotton against purchases of Gov- are in- cptton. Rains sufficient in Oklahoma and North- West Texas. We would buy new
ernment
Demonstration 71 ets, b.. 70 cts jerop cotton on weakness.
sa
Gold Creek 15 cts. . Gold River 41% cts. n. Itogons $1.20 b.
L
IXL $14 n. Salacot 11 cts. . Kailan Mining Ad. 11/7 n. Langkats (Single) Sh.$10. Masbate T0 cts. b. S'hai Exploration Sh$41⁄2 n. Shanghai Loans Sh. D. Raubs $116 n. Sari, Maurico $1.10 b. United Paracale 72 cts. b., 0
cts. så. Tenz; Goldfield 3% n
Docks, etc. H.K. and K. Wharves $91.1. H.K. and W. Docks $9 nhe Providents (old) $1% a. Providents (new) 20 cts. n. Hong Kew Sh. $185 a. ex div. New Engineering Sh.$4 n. Shanghai, Docks Sh.3100 n.
Cotton Mills Ewo Cottons Sh.38% b. Shanghai Cottons (old) ST1
b.
***
Shanghai Cottons (new) Sh
$39 b
Zoeng Sings Sh$12 m.
Wing On Textiles Sh.$25-1- Lands, Hotels, etc.
H.K. and S. Hotel $4.30 b., $4.85
53.
H.K. Lands $30 b.
in.
the
dollar
minds
415
gates of monarch himself some years ago. The whole population showed signs Countless thousands followed the coffin, borne on gun-carriages,
Immediately behind the cofin walked the representatives of King
successor, namely, the young King Farouk's uncle. Prince Mohammed Ali, and the Premier,. Ali Maher Pasha. next to other members of the Royal House and the Cabinet Ministers.
The British High Commissioner,
QUESTIONNAIRE of profound grief.
TO GERMANY LOCAL DOLLAR STEADY
Still Being Considered Fund's
By Cabinet Silver Prices Rise
CAREFUL STUDY BEING MADE Rubber: The large May tenders)
The local
is steady. yesterday and to-day were readily'
London, To-day. absorbed. Manufacturers needs opening on demand this morning
Despite meeting at an early and the improving statistics pro-
Silver prices rose 7. both higher prices. gradually mise
"spot" and "forward" being quot-hour the Cabinet has not con-Sir Miles Lampson. and the en- cluded its examination of the tire Diplomatic Corps followed. number of Total sales: 130 lots.
led at 20-3/16.
questionnaire to Germany, and Among The London on New York cross- a further meeting will be neces-wreaths was one from the German It is learned that the Chancellor, placed on the carriage $4.93% while the New York on questionnaire will be communi- by his deputy, the German Min-
ALLEGED WRONGFUL DISMISSAL
Claim Against Messrs.
Russ And Co.
at 1/3d.
rate was unchanged at £U.S.
sary.
the
great
ton Stobrer, who London cross-rate was quoted at
rated to Germany early next ister, Baron -U.S.$4.93%, as compared with week through the ordinary di- recently only narrowly escaped death himself when he was lost. 5U.S.$4.94
plomatic channels. Reuter.
for five days in the Sahara. CONDITIONS OF APPROACH
When the Locarno King Farouk is expected in London:
on May 5. The Re- sigastories other than Germany Alexandria ended their last conversations ingency question, which, according be set- Genera on April 10 it was agreed to the Constitution, must that the British representatives tied by Parliament within five
THE CANTON INSURANCE OFFICE LTD.
We
An
4
Messrs. Russ and Co., and F. H Loseby were the defendants in a claim at the Summary Court this:
are officially informed should get into touch with the Ger-days, is still in abeyance.—Trans- morning, whez Lo. Kwok-min, re-
King Leaves England presented by Mr. M. A da Silva, that the General Agents and man Government to obtain eluci Ocean Service claimed $985 salary from them, Consulting Committee of The dations of a certain number of
Canton Insurance Office Ltd, points in the German memoran- London: King Farouk left Lon- and alleged wrongful dismissal.
Mr. A el Arculli, for the de-will, at the forthcoming Meet-dum of March 31. The importance don yesterday morning by special fence, said that his instructions as ing of Shareholders to be held of this stage in the negotiations, train on the first stage of his jour the money and salary on Thursday, May 21, recom-following the events of March 7,ney to Egypt. The Duke of Kent regards were that the plaintif had been mend a Final Dividend of $8.40 is fully understood in London, and represented King Edward. overpaid, and as far as the wrong-per share in respect of Working the British Governarent is giving address of condolence on the death ful dismissal was concerned, that Account for 1934, and $50,000 most careful consideration to the of King Fuad will be moved in day. Earlier in the day the young the plaintiff had left the firm of to Reinsurance Fund and $384,-questions which it will address to the House of Commons on Mon-
433.17 to Underwriting Suspense Herr Hitler's Government. his own accord.
Although the Government is King spent half an hour at Back- The Acting Pusine Judge, Mr.Account; they will further re- Justice Hayden, fixed the hearing commend the payment of an jacting at the request of the otheringham Palace with King Edward..
Interim Dividend of $3.60 per Powers which adhere to the Lo-British Wireless Service. share in respect of Working Ac-carno Treaty, the form and matter for June 9, at 10 am.
count for 1935, and that the bar of the approach to Berlin was left RAW RUBBER PRICES lance of $1,861,516.50 be car
HK Lands 4% Debentures FACILITIES FOR
100% b.
Shanghai Lands Sh.$18 n Metropolitan Lands Sh, $10 1 Humphreys $8.80
H.K. Realties $5. Chinese Estates $32 n. China Realties Sh.$4 n China Debentures Sh.60 n.
Public Utilities
TRADE
German Agreement With Manchukuo
Berlin, Today.
A trade agreement between Germany and Manchukuo, de-
H.K. Tramways $10.90 b. $11 signed to facilitate the in-
sa.
Peak Trams (old) $7 n. Peak Trams (new) $3 m. Star Ferries $87% b. Yaumati Ferries $19. C. Light (old) $10.80 b.
has
ried forward.
LEVANT FAIR AT TELAVIV Colonial Secretary's Message
London, To-day.
The Colonial Secretary, Mr. J.
crease of mutual trade,
H. Thomas, delivered by wireless been signed at the Foreign an address at the opening of the
International Levant Fair at Telz- change Control office and the the office of corresponding
Speaking of the ¡viv yesterday. The Manchurian Government.
the success of the fair two years agoj agreement is ascribed to salefforts of the German econo-be said that over 2,000 exhibiting
C. Lights (new) $7.35 b. and H.K. Electrica $514 b., $51mic mission
32. Macao Electrics $20. Sandakan Lights $3.30 a Telephones (old) $25.15 b. Telephones (new) #9 n. China Bases Sh.$111⁄4 n Singapore Tractions 22/6 b. Singapore. Tractions Pref.
11
Industrials
Malabon Sugars $8.40 n. Cald., Macg. (Ord.) Sh.$191⁄2 n- Cald, Mecg. (Pref) Sh.515 n. Canton Ices $11. Cements $10.10 n.
H.K: Ropes $4.40 b. Stores, etc.
Dairy Farmas $20 n. Watsons $2.80 5. Lane, Crawfords 2634 1.
Mackintoshs $52. Sinceres 1. Wm. Fowells 50 cts. n. Wing On (FK.) $50 1.
Miscellaneous
to the Far
East
entirely to its discretion.
There
was a special meeting of the Ca- binet yesterday morning, which is
Messrs. H. B. Joseph and Co.
received the following
believed to have been concerned have
with the communication to be made quotations” in
Straits currency:
to the German Government, which from Singapore for Eaw Rubber..
it is now anticipated will be des patched through diplomatic chan- Inels sometime early next week.
British Wireless Service.
CONSTITUTION
OF INDIA
Scheme Workable Financially
Spot 26 b. Down.
June 26 b. Down .
July-Sept. 26% b. Down 4-' Oct.-Dec. 27% b. Down 2. Market: No improvement ap parent.
REICHSMARK QUOTATIONS
Berlin, to-day-The Reichamark was quoted yesterday without guarantee at: New York, 40.21;. Paris, 610; Amsterdam, 59.23; and London, 12.285. Paris quoted the pound sterling at 74.99 to 15.02. and the US. dollar at 15-185 to. An affirmative reply to the 15.18%-Trans-Ocean Service. upon this occasion, but I am con-question whether the new con- of the commercial representa dent that these sad happenings stitutional scheme for India is
firms from 32 countries partici
am- SIR OTTO NIEMAYER'S REPORT pated, and the attendance headed by Mr. Keip.
bered 600,000. "Naturally the un- It is announced also that happy events of the last two agreement has been reached be weeks have cast a deep shadow tween Dr. Schacht and the head!
- Reuter.
LONDON EXCHANGE
London Yesterday.
Paris Montreal Geneva
Milan
Madrid
36 3/16 disorder. Trans-Ocean Service.
London, To-day.
Australian
ending
Sir Otto concludes: "His Ma Ajesty's Government may safely.
The Hong Kong Stock Exchange- tion of the USSR. for the rewill not prevent the Fair from workable financially is given in have received a cable from Messrs.
Singapore of the Baub gulation of mutual trade and
repeating and surpassing the re-the report of the enquiry by Derrick & Co, Local Secretaries in: 28/-arranging for this year's pay-markable success of two years Sir Otto Niemayer, who in this Gold Mining Co. Ltd., announcing the
¡ments.
ago."-British Wireless Service. connection concludes that from output for the four weeks the financial viewpoint the April 25 to be 2018 ounces. Jerusalem, to-day-The Levant Government may safely propose Trade Fair at Telaviv was cere-to Parliament that Part 3 of the standing preliminary to the inau-- moniously opened by the British Government of India Act (pro-guration of the new reforms in
viding for provincial auto-the provinces. Sir Arthur 74 63/64 High, Commissioner,
Seventy nomy) should be brought into 4.95% Wauchope, yesterday. 15.2014 communists were taken into "preoperation, a year hence. 72 11/16 ventive custody" in order to avoid grant of assistance from the propose to Parliament that Part & Centre to eight of the 11 pro-lof the Government of India Act Ren-should be brought into operation. vinces is recommended.
ja year hence." He has formed" ter.
PRUDENT MANAGEMENT S the opinion that the "budgetary- London: The report of Sir prospects of India, given prudent Otto Niemeyer on the financial management of her finances, jus-- position of the Indian provinces tity the view that adequate as- and Central Government is pa-lignments can be made step by blished. The object of the e-step to meet the financial implica quiry was to provide the Imperial tians of the new constitution.” Government with the information, In detailed proposals submitted required for the drafting af or- the paramount importance, vpož ders under the Government of In-which the report insists of pre- A Treasury deficit of $5,966,- 000,000 is the current fiscal year dia Act for the allocation of cer-serving the stability of the Cen- HK, Govt 31⁄2 % Loan par. b. forecast by Mr. Henry Atain resources between the Central Amances, has been kept cars- the trai and Provincial Governments, fully in mind-British Wireless- Morgenthau, Secretary to
which is the most important-out-Service.?
Entertainments $2.90 n. S. C. Enterprises #125 n Macho "Greyhounds” $2 m Constructions (old) $1% Constructions (new) 30 cts. b. Vibro Piling' $4 n.
Ch. Gort. 5% 1925 GBs.
HK Govt 4% Loan 5% prem.
New York
Brussels Amsterdam Berlin Yokohama
4.93
29.222 US. TREASURY
7.28%
12.29
1/2 3/64
Silver Spot & Forward 20 ̊ 8/16) War Loan 3
105 13/16
British Official Wireless Service.
42% premsa. Wallace Harperi. $4 a
DEFICIT
Mr. Morgenthau's
Forecast
Washington, To-day.
arter.