BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
Hathormed Capital
-$50,000,000) Lasted and rudy-Paid-up 20,000,000 Leserve Fundame
Sterling.£ 3,500,000- Hong Kong Currency
Reserve...$10,000,000
Every Liability of Pro-
prietors
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA
Incorporated by Royal Charter, 1853. HEAD OFFICE: LONDON.
Beserta Liability of Pro-
Paid-up Capital
Reserve Fund
palators
£3,000,000 £3,000,000
..£3,000,000
$20,000,000
+
Agencies and Branches:
Jor Ba
Rangoon
SAD OFFICE: HONG KONG. “ BOLED OF DIRECTORS.. Hon. Mr. J. J. Paterson.
Chattan
G. Miskin Esq.
Deputy Chair STEIN,
Kon. Mr. WE Bell, J.E. Masson Eag
Ipak Kenobi
Fing Xolm
Kista Latrapar
Bombay
Únicam
Kuchias
Uspore
Madona
Mattin
Kadan
New Tart
Haiphong
Peping
Hunting
Hantara Bartos
Freng
EL Compton Esq., T. E. Parcs Esq. Des
Hon. Mr. S. H. Dodwell,
J. A. Plummer Esq. LL, Johnson Esq, AL Shields Eaq.
V. M. Graybura, Esq.
AMOT
LANGKOK
SANA VIA
DALUUTTA CANTUN
CHEFOO
COLUMBO
HALLEN
IS ORDODE
KAIPHONG
RAMECHO HANKOW HARBIN
BOLLYW FLOILO
Chant Manager,
BRANCHES ---
JOHORE
JUMS
AQW LOOK
ELAL LUXPTE
LINDUN LIGNS
MALALTA
MANILA
MT. AB Ghara)
MLADEN
NEW AUKE
PEPID
FLOAN
KANGASIN
MIGON
SAN FRANCISCO
SILANG HAU
SINGAPUKE
SUNDEI PATANI
DUU BABRYA
TIENTSIN
10110
THNGTAO
KUKUHANA
Darrena Apsouch upeast in Love! Currency and
De received for use your be
Vatanda sa Local Cutrnuty nd Sterling on we will be quoted on applica
S TO 191
shorter
to decoratE DEPOSIT BOXES in Hong Kong, 24th February, 1935.
HONG KONG SAVINGS BANK
The Beasures of the above lack u oendeu -pl_by_the_HONG KONG AND SHANGHAI Blues may de
Misdaad Do AUDUOSMOR.
FOR THE RŨNG KONG AND SHANG BAI BANKING CURPUELLIION.
GRAYBURN
Chart Mangur.
Hong Kong, 24th February, 1936,
baigon
beng
Bhangha
Eingapore
betonwan
botabaya
Karping Talave
tophinh
(bka) Tsungla
Tokobama
Z
THE CHINA -MAIL, WEDNESDAY, MAY-20, 1936.
Commerce and
Finance.
LOCAL DOLLAR DECLINES
Silver Prices Fall
The local dollar has fallen 1/16, opening on demand this morning at 1/3-9/16d.
"Spot" silver fell 1,16 to 2014, while "forward" fell 1/8 to 20%.
The London on New York cross- įrate was quoted at £--US.$4.97%. as compared with £-U.S.$4.967%. while the New York on London
Hong Song
Foreign Exchange mod General Banking busLBODEN Curreal can opened and Fed DepowLE toured joe ons jaar de shorter periods, as rain cross-rate was quoted at £-US- which was quoted on applicatim.
|$4.97-1/16. as compared with £- Manager. US$1.973.
A BREAKLEY,
Hong Kong, 1st January, 1935.
LONDON EXCHANGE
THE
4:
AMERICAN EXPRESS COMPANY,
INC.
Paris
Brussels Milan
Madrid
New York
Incorporated with immited Liability in USA
Head Office:45, Broadway,
New York Geneva .U.S.$6,000,000.00
2183,633.00 Berlin
870,731.00 Athens
Capital Surplus Reserves
Londoa Yesterday.
...75-39/64 -29.384 604 30-7/16
.4.97-1/16† .15.7 12.3444
SHARE MARKET
TO-DAY'S QUOTATIONS
The following was the list local share quotations issued day:—
Banks
E.K. Bank $1,565 sa HK. Bank (London) £1053% Chartered Bank 141⁄2 n.
A. and Mercantile Bank
of
to
£30. Mercantile Bank C. 134 n- Bank of East Asia $73 n.
Insurances Canton Ins. $275 n. Union Ins. $527M 1. China Underwriters $1 China Fire Ins. $450 n. H.K. Fire Ins: $250 a International Assce. Sh$3% n.
Shipping
Douglases $36 n.
HF. Steamboats 54 1. Indo-Chinas (Pref.), $30 n. Indo-Chines (Def.) $20 a.. Shells (Bearer) 98/9 n. Union Waterbosts $12.20 n.
Mining
.520 sellers
BRANCHES
Goo
Answerg
Ginger
Moniteux Mo
Montreal Amsterdam Prague
.4.36%
Antamoks $2.50 s.
.7.3533
Balatoes $2134 n.
..1003
The lingue
Baguio Gold 27 cts. sa
Non Sapi
Shanghai
1/2-7/16
Antuan
Serian
Hamburg
PLEADING
Bombe7
Brassie
لعلمي
Hadadharg Lotarinkwa Jerusalam London Liverpool
Рекре Botterdam Костим shanghai Bouthamplom Kingapore **
Carme Colombo Copmahagen
Dubes Exab
LANOWIR
Luxor Harmailing Mocie Carlo
.
EJASON
Handle
Vaio Yakalanara Much
TOTOR
Branches of American Express
THE BANK OF EAST ASIA, LTD. Company in Principal cities of United
Ketherland Capita
Pd-up Capel
$20,000,000,00 6,53,900,0%
kamers kad Underidas 17odi 2,066,836.
LA Mo
BEAD OFFICE:-HONG EQX.
2. Da Varua Bumi Czuwenda
BOARD OF DIRECTORS :-
berbhouse Chow, Chairman
Chan, q, f.kwok king Wong Ios Tong Eag.. Chan Ching bak. Eaque Lot Lati Lang. Ling- Wong Tau bon, bag, and Kan Yang 1. Exq
Eas Tung Po, ling, Chief Mariager..
The Fung, koje Manager. BRANCHES AND AGENCIES ;-
Mulbourn
Jamuria
Destie Semarang
Donata
Deus
Osaka
boure-bay
skipit
HALFUND
gū
yday
Kastam Mosals
Lavicon
Landon
بدالمطلة
TANGIAND
THES Vanco
Lokaka
Everyping of Banking and Exchange baseman trend. min Cried oo nkproved
BRONZI LAMA
Curreal count opened to Local Curency and Freed imprmite revered for taugake of above, passade in Lous and Formiga Curac meskin band will be quiet de eppivensana
Depois Boxes To L
BEKAS KONG PO.
Chaal Maungat.
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
Bochay
Calcutta
Canton
New York
Nagasaki
Nagoya
Osaka
Peiping
Paris
Dairen (Dainy? Fangoon
Fengtien (Mukden) Rio de Janeiro
Hamburg
Hankow
Farkin
Kong
Hsialding Karachi Kobe
London
Los Angeles Manila
Moji
San Francisco Seattle
Singapore Sydney
Sourabaya
Tientsin Tokyo Tsingtan
Yingkow
Interest allowed for Current Ac- counte
Deposits received for fixed periods
at rates to be obtained on applica- tion.
G. KISHINAMI; (*
Manager. Hong Kong, 10th March, 1936.
POPEYE.
States of America and Canada.
All classes of Commercial Banking Transaction undertaken.
Personal investment secounts hand-|
led.
Other rates unchanged. Silver spot and forward 2014. War Loan 32%, 100.
British Official Wireless Service.
LABOUR DEMANDS
IN FRANCE Huge Public Works Programme
Paris, To-day. Financial circles are perturbed
by the vast unemployment pro- The Company offere to intending gramme launched by the General Travellers the use of its "Travellers Confederation of Labour, which is Cheques" and Letters of Credit and assuming the power behind the in addition, the world-wide services of its thoroughly equipped Travel Department.
C. IL BENSON,
ja the throne
new Socialist Government. It calls on the Bank of France to advance immediate- ly 500,000,000 francs to finance a
General Manager public works programme and in- sists on the immediate nationali- sation of the arms industry and
THE CHINA & SOUTH SEA BANK, the introduction. of the 40-hour
LIMITED
(Incorporated in China) Head Office-Shanghai
.$7,500,000.00
Capital Reserve
$1,500,000.00 |Branches-All Important Cities in
China
Foreign Exchange and General Banking Bualnemt
Current and Saving Accounts opened and Fiząd Deposit moved for one year or shorter perioda are who will be quoted on sppliestica
ĐỌC lại CÁNG.
- HONG_ZNU" "TRANCE :
3. Des Vaux Bond, Central
· Muongur's Offos
Poreg Exchange Dept. — Generato
Candour's O
+4
week-Eeuter.
THE MERCANTILE BANK OF INDIA, LTD.
READ OFFICE: Gracechurch Street, London. I.C.. Authorised Capital £3,000,000 Subscribed Capital
.. 1,800,000 Paid-up Capital .... 1,050,000 Reserve Fund & Rest 1,247 830
BANKERS The Park England ▲ Xidiand Bank, Lid
BRANCHES:
Ipok Kandy
Maceget.
LT-1 89565
*350*
Bangkok Torah 1
Kew York Peb
Karschi
Port Louis
Kota Bharu
Morition)
Kuala Lipis
Kuala Lumpur
Shangtni
Kuantan (Pahang, Sin Madras
Samgapore
THE WING ON BANK, LTD.
Bead Office: 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- ed
Current Acwants 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.
RELIABLE PRINTING
ng order 100 sinail
THE NEWSPAPER ENTERPRISE LTD.
JA STUNNAR SY.
CERA-MAIL, SENE.
4
"The Filling Station."
WE DON'T LIKE SPINACH! AND WE WONTESTS WHAT WE DON'T LIKE, 50-POOEY TO YOU (SURE) FROM WE
"NO-WE WON'T
EAT WHAT WE DON'T | LIKE-ESO-GNATS-
GNATS- TO YOU,
SIR!
Calcutta Colemba Delhi
سناري
Hong Food Howrah
HONG KONG BRANCH
:
R
*NEW YORK STOCK
MARKET
Decline Shown
INDUSTRIAL AVERAGE
MARKED DOWN
Messrs. White, Weld and Com- pany, New York Correspondents for Mesars. S. E. Lery and Comej pany, report:-
"Stocks:-In spite of some good) business news, the market to-day declined, with the industrial Wo average marked down 2.56. believe that the market is within a buying range for trading pur poses. Business done: 910,000 shares.
"Cotton-The cotton market was largely influenced by reports of moisture in the Central Belt and a forecast indicating wet con- ditions in the East. We think that profit-taking on advances is ad- visable.
developed
“Wheat:-Weakness to-day on reports of favourableį crop conditions in the South-West.{ Total sales:-11,064,000 bushels.
"Flash:-The Kennecott Mining Company has declared a dividendi of 30 cents per share.
HUNDREDWEIGHT OF FORGED FRENCH STAMPS
Seimre Of Apparatus And Printed Counterfeits
-Three arrests have followed the discovery of over 'a hum- dredweight ox newly-printed French 50 centime pastige stamps near Fontainebleau.
Believed to be the output of
clandestine large-scale ganisation,
Lace stamps of a value of £2,666 were found to be false.
They were engraved and
skil printed with
3
or-
Police raided a workshop im the Rue des Gravilliers, Paris,
and scized apparatus with blocks of counterfeit figures together with a consignment, of stamps ready to be placed on the market
OTTAWA AND THE EMPIRE
Revision Of Trade Agreements
QUESTION IN COMMONS
www.
London. To-day.
Mr. Malcolm MacDonald, ther Dominions Secretary; was asked in the House of Commons yester- day whether invitations have or
the Govern} = would be issued to merts of the countries concerned
the Ottawa Agreements.
further a
fin
ta attend
ference.
with
continuing
those
con-
to-
view agreements.
in the same or another form. Mr. MacDonald replied that the agree
WORLD TRADE ments between the United. Kins
CONDITIONS
Equal Treatment For All Nations?
dom and the Dominions concluded at the Imperial Conference at Ottawa in 1932 did not terminate jon any given date, and each agree- ment continued in force unless at any time after February 19, 1957, six months' notice of denunciation was given by either party to it. In furtherance of the cam- The most convenient method of [paign to secure equal commer-¡dealing with questions arising out cial treatment for all nations of the agreements was now under
the Govern Mr. Cordell Hull, Secretary of discussion between
Washington, To-day.
COMMODITY PRICES state. In a speech here yester-ments affected. In the view of
as
day called for an end to discri-the United Kingdom Government The following quotations haeminatory trade practices in fa-it would be most appropriate to been received by Reuter,
vour of reciprocal most-favour-proceed by way of discussions Prev. Yesterdayed-nation treatment. He declar-with individual Governments Closing Closina jed that the establishment of an occasion offered, and they had effective regime of equality of brought this view to the notice of treatment required only that the Dominions Governments.- the nations should refuse to British Wireless Service.
Benguet Consolidated $18.60 n. Benguet Exploration 21 ets. b. New York Cotton:-
May Bix Wedge 5 cta. n.
Northerns 30 cts. b.. 33 cts, sa. January
Masbate 85 ets. 1.
S'hai Exploration Sh.$4.
11.62 11.62
Demonstration 88 cts. b. 89/90 July
11.40 11.42
October
10.50 10.48
ets. sa.
December
Gold Creek 15 cts.
10.47 10.44
10.47 1045
Itogons $128 b.
March
10.49
10.47
IXL $1.77
Spot
11.72
11.72
Salacots 14 chs. n.
New York Rubber:--
Kailin Mining Ad. 11/6 n. 1
May
15.631
15.53n
Langkats (Single) Sh.$10 n.
July
15.74
15.64
September October
15.92
December
15,71n 15.850 15.74m 15.92 15.82% 15.265 1587
March...
16.03n
15.91b
Chicago Wheat:
May
9334
923%
July
95
85%
September
-95%
345%
Chicago Corn:-
July
60%
September
58%
58%
Winnipeg Wheat:-
May
763%
July
October
7834
76 7634 781
Shanghai Loans Sh.$4 a. Raubs $11 n.
San Maurico $14 s4 United Paracale $1 b. Venz; Goldfield $4 b.
Docks, etc. H.K. and K Wharves $91 s. HLK. and W. Docks $9. Providents (old) $1.05 b, $1.10
$
Providents (New) 20 ets. n. Hong Kew Sh$185 n. New Engineering Sh.$4 n. Shanghai Docks Sh$100 a.
Cotton Mill
January
60%
grant preferences in their own
markets, but also refrain from
seeking a preferential position BRITISH CREDIT
in the markets of other coun- tries. — Reuter.
BRITISH NAVAL PROGRAMME
Allotment of Building Orders
TO GERMANY
No Increase During Last Year
CHANCELLOR EXPLAINS
London, To-day.
Mr. Neville Chamberlain, Chan- cellor of the Exchequer,, stated Commons, question: London, To-day. yesterday at the settlement of time that his attention had been Subject to certain points of detail, the Ad-drawn to figures in the report of miralty have decided to entrust the Bank for International Settle- the construction of aine Tribalments, and to the fact that vin class destroyers of the 1936 pro-jcertain quarters inferences had gramme to the following firms-been founded on these figures that Swan Hunter and Wigham British bankers had increased
two vessels-with machinery by The Committee of British short- Wallsend Slipway and Engineer-term creditors bad published a. Latest Quotations From ing Company; v
statement showing that this in- of Dumference was based on complete Denny and Brothers Singapore
misapprehension. The total Bri- Messrs. B. B. Joseph and Co.barton, two vessels;
Parsons Marine Steam Turbine tish credits, both used and unused, have received the following que-
by just Wallsend-on-Tyne.decreased during 1935 tations in Straits currency from Company, of
two
The larger re-. vessels-hulls by Vickers over £1,000,000. - Singapore for Raw Rubber.
ductions in the credits of other Buyers.
En-countries were mainly due to the
Ewo Cottors Sh.$33⁄4 sa. Shanghai Cottons (old) Sh.$74|
1.
Shanghai Cottons (new) Sh.
$3914 - Zoong Sings Sh$12 n Wing On Textiles Sh.$25 n.
Lands, Hotels, etc. H.K. and S. Hotels $485 b. H.K. Lands $311⁄2 HK Lands 4%
100% b.
RAW RUBBER PRICES Richardson, of Wallsend on Tyne, their German credits during 1935.
Debentures Spot
Shanghai Lands Sh.$15
July/Sept.
Oct./Dec.
Metropolitan Lands Sh. $10 a Jan./March
Humphreys $3.55 34. 1,
Every deaption Beaking and Exchange
business transacted
Travaliers Cheques issued.
Trames and Execu:clips undertaken. INTEREST slowed on Current Accounts and Fixed Deposits at Hates that may be, ahorrained on application.
R. KENNEDY,
7 Quera's Road. Central
Mong Kong. 24th July, 1935.
THE
Manager.
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China)
$5,000,000. Capital paid up
7500,000, Reserves Capital Savings Dept. $500,000, Reserve Savings Dept. $600,000. Head-Ofice-Shanghai,
ƠN
A Bank having as its mission the industrial development China and the fostering of her commercial relations abroad. Hong Kong Office-
6, Queen's-Road Central Phone 31116.
(OH, YA WONT
HAH?
K. Realties $4 b.
Chinese Estates $82 a.
China Realties Sh$4.
China Debentures Sh.$60 n.
Public Utilities
H.K. Tramways $11 b. Peak Trams (old) 37 n. Peak Trams (new) $3 L. Star Ferries $90 a.. $89 sa. Yaumati Ferries $19. C. Light (old) $10.85 s, C. Lights (new) $7.40 b. HK Electrics $504. a. Macao Electrics $20 D. Sandakan Lights $2.30 n. Telephones (old) $25.20 . Telephones (new) $9. China Bases Sh$114. Singapore Tractions 23/- b. Singapore Tractions Pref. 28/
2.
Industrials
Malabon Sugars, $8.40_n. Cald., Macg. (Ord.) Sh.$191⁄2 1. Cald., Macg. (Pref.) Sh$15 ¤.
FI SEZ YER GONER EAT YER SPINACH!
Market:-Weak.
.25% Down -26
Armstrongs;.
Scott's. Shipbuilding and
Downgineering Company. of Greenock, willingness of creditors there to
264 Down
two vessels; and
accept repayment in German car- .26% Down %). A. Stephen and Sons, of Govan, rency, with the heavy capital loss
ore vessel-British Wireless Ser-which such repayment involved.
British Wireless Service. vice.
Canton Ices $13. Cements 39.80 8.
H.K. Ropes $4.40 n. Stores, etc Dairy Farms $1934 n. Watsons $3.45.b. Lane, Crawfords $6% 1 Mackintoshs $5. n. Sinceres $170 # Wm. Powells 50 cts. n. Wing On. (EK) $50 n
Miscellaneous Entertainments, $2.90 b.
Scottish Governors
Commander Cochrane's appoint-|eral Sir David Campbell has been ment to the Governorship of Bur-Governor and Commander-in-Chief ma makes an addition to the Scots-In Malta since 1931, while Sir then who, during the past twelve John Anderson is Governor of months, have become the heads Bengal, and Lord Erskine of of overseas Dominions. Lord Madras.
S. C. Enterprises $125 n. Macao "Greyhounds” $2 n. Constructions (old) $1% Constructions (new) 30 cts. n. months Vibro. Piling $4 a...
Tweedsmuir has been installed as Had
Cochrane Commander Governor-General of Canada elected to remain in politics many Lord Gowrie took over a few competent observers consider that ago his duties, as he would have gone a long way. Governor-General of Australia; He is a member of the Chairman's the Marquess of Linlithgow left Panel of the House of Commons early last month to begin his term and while he did not trouble the as Viceroy of India. General Sir officia! shorthand writers he took Arthur Wauchope was recently very deep interest in the pas ELK Govt. 31% Loan par. b.nominated to a second term as sage of the India Bill, with its Wallace Harpers $4 -
Governor of Palestine, and Gen-bearing on Burma.
Ch. Gost. 5% 1925 G$Bds.
93% 1.
E.K. Govt. 4% Loan 65% prem.
b.
To-morrow.
"Remote Control.”
NEXT
HONG KONG $ DIRECTORY
-1936 ISSUE
NOW
ON SALE
THE NEWSPAPER ENTERPRISE LTD.
Wyndham St.
Tel 20022