BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION` -
Authorised Capital
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA“
$50,000,000 Incorporated by Royal Charter, 1953
Issued and Fully-Faid-up 20,000,000 Basarva Fundac
Burling ..£ 6,500,000 Hong Kong Currency
Beserve...$20,000,000
Bueve Libility of Pro-
gristors
FIELD OFFICE: HỘNG LONG.
BOARD OF DIRECTORS,
Hon. Mr. J. J. Patarson.
C
G. Minkin Bəy,
Paid-up Capital
Reserve Fand
Reserve Liability of Pro-
00,000
prietors
HEAD OFFICE: LONDON
.....................$3,000,000
,53,000,000 |
£5,000,000
ågencies and Branches:
Aloe Bar
Avastbear
Bangoon Balgon
Bengka
Bomber
Kaba
Cologian
Lamper
Сенов
Cougere
Shanghai Slappers
Surabaya
Galamb
Dans
Mode Kew Lark Polping
Tongkah
Folma
Zamboanga
Hon. Mr. WA. BIL JR. Masnou, Bab.;) Cabi 1. H. Compton Esq, T. E. Parca Bag. Hon. Mr. 5. B. Dodwell,
J. A. Plumper Bag:
I. Johnsed Esq. A.L. Shields Esq.
ANOT
POUCEO
V.M. Grayburn, Esq.
RANKOW
HỤ bi▼
JUHUSI
Count Manag
BRANCHES
IOWLOUM
KUALA KEMPUS
LONDOS
SALEUN MANILA MA"Johore)
MUNDEN
NEW YORK
•PELW NU
MAILON
SAN FRANCISCO
BELANGRIAL
KANGAMKE
SOC BABAYA
EI PATANI
TENTA ***UNTO
LOKUNIMA
Band Deposite conrad for com pot ce shorter Pada 10 Land Currency sad burling en terme
Alətə ay sa kore AFE DAISIT BULES LA B” TU LEI.
I'mmand
THE CHINA MAIL, FRIDAY, JUNE 5, 1936
ommerce and Finance
NEW YORK STOCK MARKET
Decline In Final
Hour
RESTRAINING, INFLUENCE OF DEVALUATION RUMOURS
Messrs. White, Weld and Com- pany. New York correspondents:
PORT ACTIVITY OF HAMBURG
Large Increase Last Year
SUCCESSFUL CO-OPERATION
* CHINA MAIL.” SPECIAL
Hamburg, To-day.
Fuggz, Luokange und Ommteni Drakštą komirana for Messrs. S. E. Levy and Com-the port of Hamburg during the
Cermat Lincente apeal and Pima Deponas | pany, report:— received for your or shorter periodle në "rator which will be quoted on applicatioD
A. EKBARLEY,
The amount of goods handled in
first three months of 1936 shows) "Stocks:-The market to-day dean increase of 49 per cent, com- clined in the final hour, but traq-pared with 1933. This is a rise of Manering throughout the day was not 690,000 tons. от 14 per cent.. heavy, the volume for the session which is fairly evenly distributed being only 70,000 shares. Fears between incoming and outgoing
Hong Kong, 1st January, 1995.
Capital Laserve
bnated.
China
of a financial
crisis in
of
SHARE MARKET
FRIEND SEES DEATH FALL
·HONG KONG TO BE REPRESENTED?
TO-DAY'S QUOTATIONS The following
was the list of Gri Vanishes Over 300-Feet Cliff local share quotations issued to- day:-
TH
Banks
HK $1,550 1. HK. Bank (London) £1011⁄2 3- Chartered-Rank 14 n. Mercantile Bank A and E
£303⁄41⁄41⁄4 Mercantile Bank C. #13% n. Bank of East Asia $73 n
Insurances
"
Canton Ins. $263 Union Ins. $510 b., 35121⁄2 sa. Chins Underwriters $1 m. China Fire Ins. $462 m HK Fire Ins. $250 u. International Assce. Sh.55 a
Shipping
Douglases $36 n.
H.K. Steamboats $1 m. Indo-Chinas (Pref.), $30 Indo-Chinas (Dex.) $20 D Shells (Bearer) 38/9 n. Union Waterbosts $12.20 n.
Mining
Miss Dorothy Kennedy, of Folkestone, fell 500 feet to her death from the South Foreland cliff while walking with a mAR friend one night last month,
The couple had reached Corn Hill Point and Miss Kennedy had gone on a little in front when her friend was startled by a shout and sauc ker dis- appearing oper the cliff. He hurried into St. Margaret's Bay and notified the police.
The body was recovered later, and an inquest was held Miss Kennedy had been liv ing with a married sister in Barrow-road, Folkestone.
British Industries Fair
MR. PELHAM'S FAVOURABLE REPORT
Aa overseas estimate of the value of the British Industries Fair is given by Mr. G. C. Faham, E. Trade Commissioner at Hong Kong, who has just conclad- ed a tour of industrial centres in the United Kingdom, visiting Chambers of Commerce, and other representative business organisa- tions.
Mr. Pelham visited the British Industries Fair in London and Birmingham in February, and told a Press representative in an in- terview that he was greatly im- pressed by the enormous size of
PILOT HELD IN the Fair and by the representa-
RANSOM?
household word in exports pass through
France, cargoes. About 35 per cent. with devaluation of the French German imparts and 25 per cent. THE CHINA & SOUTH SEA BANK, Franc as the result, had a
some of German LIMITED
what restraining influence on Hamburg, and the inland trade revival and rising demand for raw traders here. (Incorporated in China)
mois-materials has naturally made it- "Wheat:-The seed and Head Office-Shanghai
$7,500,000.00 ture condition in the Spring Beit self felt. $1,500,000.00 indicates the probability of ser- The increase in exports is con- Ceres comme opund in Lanal Corrency mm Branchen--A Important Cities inous deterioration unless the wea-sidered to be largely due to ene- Foriga Kakonge and Grement Banking Biother improves materially in the cessful co-operation between the
near future. In the North-West Hanseatic export firms and
the Further- Hong Kong, 24th February, 1995. Depend on par of shorter periods rains are also needed. We would inland manufacturers.
purchase on setbacks. Total sales: more barter trade with a number of overseas countries and the in- |-13,326,000 bushels
"Carton: The showers in Geor-troduction of so-called “foreign- gia are negligible, but some thun-era special accounts for inland der-storms are predicted in the payments." known as "Aski" for! East to-night.
was short, have led to a definite revi- The market technically easier, but any heavy val in trade with the countries. rainfall in the East might cause concerned.-Trans-Ocean Service. Ja sharp setback, when we
J. think purchases are again advisable.
HONG KONG SAVINGS BANK
The Bastones of the above. Basa in donduc 16 17 the HONG KONG AND SHANGHAI BANKING GURPORATION. -[Eule many be
On application.
PUR THE 2013 8050 AND SHANGHAI BANKING CUIMISATION.
V. M. GRAVDUEN,
Buon Eun Bin KHCN, 1930.
THE BANK OF EAST ASIA, LTD.
Домиленной Стука - Brodus Capurdi
.....
Outras and Sering Ammala opraví soď Fized
45 min which will be quoted_on_spalio k..
BOT Z CHNO.
Manager. HONG KONG AZANGE: 3. Des Tax Road, Cou.
Foreiġu Exolange Khigh, m
O
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
COMMODITY PRICES
cripton of banking business transact been received by Reater:
Į KI, ČKA),JUILDU
Kwam... 2,003,206.52 | ed.
HAAD UNCL #HONG KUMU. 1. De audien
BOARD OF DIRECTORS:-
سلا و الدولية الكرة بنات عمي
Z way.
1 Xun Long, Long Shan Laung Java, kedy ka Lat bangkang.. Woud Clue Suey and Kan Ying Pan.
ونه
Hiday
Deliver
Cod
Chini Hunga
A knj. Maunger.
BRANCHES AND AGENCIES.-
Laying
H
1.00
Lo
بهدف عبرة
Στα
لتحمة ال
Sun
YINLA
We offer d
вання пронений лев
SVENDLY
عسفي السيادي
inigayang
Moulaye
MTRAC
هلها لين في
Ko
سلات عروس
The following quotations have
Prev. Yesterday Closing Closing
Current Accounts and Savings Ac counts opened. Fixed Deposits reNew York Cotton:- ceived at rates which will be quoted on application.
July
11.65
11.62
Wang
Trusteeship & Executorship under. October taken. Safe Deposit Boxes for hire. December
PHILIP GOCKCHIN
10.78
10.88
10.75
10.79
Chief Manager. March
January
10.73
10.80
10.76
10.78
May
10.77
10.80
GOLD LOSSES IN
Spot
11.80
-11.77
FRANCE
New York Rubber:-
July
15.72
15.658
September
15.822
15.759
Severe Drain
October
14830
13.713
December
.15.91
15.83
įJanuary
15.94
15.360
March
36.038
15.95
Paris, To-day.
May
16.01A
July September December
857%
8432 86
85% 86% 89%
Chicago Corn:—— July
601%
61%
September
58
Winnipeg Wheat:—— July
77%
782
7778
7934
78%
790%
bid,
traded,
nominal
en welipe wind wie burgiment va j
Sinai Mounger.
Pamana kitsamma laŭ,
BLA
Big – Exchange
In wooded on approved
Local Currency mampuan muaved list wit you or
Dan Dosomin Bowen Is Love.
EN PU.
Disclosed
The Banque de France report
surve pains a laxa and Four shows a loss of 437,000,000 gold Chicago Wheat;
francs in the week ended May
The gold cover 29
declined from 62.37 to 61.01 percent. — Reuter.
THE YOKOHAMA SPECIE BANK
LIMITED
Established 1880
Capital (full paid-up) Yen,100,000,000 Beserve Fund
Year 129,150,000
Head Office: YOKOHAMA
Branches and Agencies st
Alexandria
New York
RETIRED SHIPWRIGHTS
Thirty shipwrights and a large October number of skilled fitters who re-December tired at 60 have been recalled to a-asked, Chatham dockyard.
Batavia
Berlin
Bombay
Calcutta
Canton
Nagasaki
Nagoya
Osaka
Paris Peiping.
Dairen (Deiny) Pangoon
Fengtien (Mukden) Rio de Janeiro
Hamburg.
Bankow
Harbin
Hong Kong
Honolulu Esinking
Karachi
Kobe
London
Los Angeles
Manila
Moji
San Franciaco
Seattle
Shanghai
Singapore
Sourabaya
Sydney
Tientsin
Tokyo Tsingtan
Yingkow
Interest allowed for Current Ac counts.
Deposits received for fixed periods
at rates to be obtained tion.
on Applica
G. KISHINAMI,
Manager.
Hong Kong, 1th March, 1936.
2:45
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China)
Capital paid up
$5,000,000. $7,500,000.
Reserver Capital Savings Dept. $500,000. Reserve Savings Dept. $600,000. Head-Office-Shanghai
A Bank having as its mission the industrial development... an China and the fostering of her commercial relations abroad. Hong Kong Office-
6, Queen's Road Central
Photo-31116.
RECALLED
AMERICAN EXPRESS
COMPANY
TRAVELERS CHEQUES
IN US. DOLLARS
AND STERLING
CAN BE CASHED
THE WORLD OVER
THE AMERICAN EXPRESS CO., INC.
Incorporated with Limited Liability in USA.
No. 4, Des Voeux Road, Central.
LOCAL DOLLAR STEADY
Silver Prices Firm
The local doilar is steady, open-; ing on demand this morning at 11/3%L
Silver prices were also steady, both "spot" and "forward" being quoted at 19-15/16.
23
The London on New York cross- rate was quoted at £US.$5.02
compared with £-U.S.$5.02. while the New York on London jcross-rate was quoted at S-US- $5.01% as compared with £-U.S.- $5.02.
U.S. TREASURY FINANCE
Unprecedented
Success
Washington, To-day.
Mr. Henry A. Morgenthau, | Secretary of the Treasury, stat- ed yesterday that the financing operations of the Treasury in June have been an unprecedent- ed success. Applications for 90 per cent of the two issues. totalling $1,000,000,000, have been received, of which 93 per cent, was in respect of con- version into bonds. Reuter.
GOLD TOUCHES LOWEST FIGURE SINCE 1934
".
note
London. To-day-Gold curren- cies were again freely on offer in the Foreign Exchange Market yesterday. The three months for- ward rate for the French franc at the close was at a discount of 6) 4/8. Gold touched the lowest figure since August 1934.-British Wireless Service.
NOTE CIRCULATION RECORD AT WHITSUN
London. To-day-The holiday cash requirements at Whitsuntide were responsible for a new high record in the note circulation. At £433,452,000 the total of notes in circulation was £7,000,000 over the previous week's figure-British Wireless Service.
Kailas Mining Ad. 11/6 n. Langkats (Single) Sh.$8 a. S'hai Exploration Sh.4 21. Shanghai Loans Sh. n. Raube $10.55 n Venz; Goldfield $4 b
Dock, etc.
H.K. and K. Wharves $88 n. H.K. and W. Docks $9 n Provident (Old) 95 eta. b. Providents New) 20 cts. 11. Hong. Kew St.$185 a. New Engineering Sh$4 m Shanghai Docks Sh$100 2.
Lands, Hotels, etc. H.K. and S. Hotels $4.65 sa. H.K. Lands $30 b.
H.K. Lands 4% Debentures
100% b.
Shanghai Lands Sh$13 m. Metropolitan Lands Sh. #10 Humphreys $8.55 . H.K. Realties $414 Chinese Estates $82 m. China Realties Sh.34 n. China Debentures Sh.$60 a.
Manila Mining Antamoks $3.29 8. $3.20/21 sz Atoks 56 cts. n. Baguio Gold 27 cts. n. Balatoes $21.
Story Of Catamaran Raid On High Seas ALL OVER SOME TIMBER LOGS
now
tive range of exhibits. "As in other parts of the world." said Mr. Pelham, "the B.I.F. is
the trading centres of the East No, the pos- ters and other advertising matter- ters but in plain English and are, are not printed in Chinese charac-
of course. widely understood in In the Colombo Police Court re- Hong Kong and Chins generally. cently before Mr. J. N. Arumugam, In Hong Kong and China the an- the Colombo Police Magistrate,nouncement of the Fair is an 3- five men named Stephen Anthony,jual feature in the newspapers James Fernando William, Stephen and on the hoardings." and N. Mohamado moved that they
In the business houses of the be remanded pending further en East the Overseas, Catalogue of quiries on charges of unlawful the Fair is of valuable assistance, assembly, theft, abduction wrongful confinement.
and as it enables merchants to direct
the attention of their London
It was alleged by the Police that buyers or representatives to those on the morning of May 1 certain products in which they zre in- fishermen from India, whose Mu-terested. dalali had purchased 48 logs from
the first accused on the previous
Keen Exhibitors
"To my mind," said Mr. Pelham, day, had quietly sailed off with "the greatest value of the Fair is out purchasing the remaining logs the keenness of the exhibitors. which the first accused insisted on The Fair encourages efficiency the Mudalili purchasing.
and inventiveness on the part of When the Mudalali refused, the four scientists and manufacturers, first accused chased after the and while mach exhibitor strives catamaran in which the fishermen to carry away laurels in competi- were sailing, in a cance along with tion, with others engaged in simi-- the other accused. The first ac-lar production, there is also à cused caught up with the catama-sense of national co-operation to- on the high seas off the wards the highest and most useful Negombo coast.
forms of production for man's requirements.”
Benguet Consolidated $18% bran Benguet Exploration 27 cts. n. Big Wedge 37 cts. b. Consolidated Mines 11⁄2 cts. b. Demonstration $1.06 & Gold Creek 9 cts.
Ipo Gold 31 cts. th
Itogons $1.28 1. LX.L. $131.
Masbate 80 cts. n.
Northerns Mining 24 cts. n. Paracale Gumaus 42 cts. . Salacots 14 cts. .
San Mauricio $1 b.
Suyoc Consol 34 cts. b.
Pilot Confined
Mr. Pelham thought that at no-
would Kong The first accused then took over distant date Hong the pilot of the catamaran and probably desire to be represented also its sails into his canoe and by a stand in the Empire Section leaving the remaining four
of the Fair, similar to the stands and a boy in the catamaran to the occupied by Cyprus and Malta and
other Colonies and Dependencies. mercy of the waves, came back. The men in the
catamaran for-
men
tunately had a spare sail and with MR. ROOSEVELTS
its help they managed to reach Talaimannar the following day.
The pilot was brought down to
United Paracale 99 cts. b. and Colombo and wrongfully confined,
98 cts. sa
Universal Explor 17 cts. b.
Public Utilities H.K. Tramways $9.40 b.,
4.30 Sz Peak Trams (old) $7 n. Peak Trams (new) $3 Star Ferries $86 b. Yaumati Ferries $20 n.
C. Light (old) $10.80.b.
C. Light (new) $7.70 b.
H.K. Electrics $51 b.
CANADA VISIT
FIXED FOR NEXT MONDAY
that night in the first accused's house. The next morning the pilot was sent under escort to his President Roosevelt, the first $9.20/-|Mudalali to get a promissory note Unied States President ever to for the remaining logs. On the visit Canada during his term of way the pilot managed to send office, will be the guest of Lord information with regard to his Tweedsmuir at Rideau Hall next confinement to a friend who with-week..
Defence Contention
out any delay informed the Police. The date of the presidentia
visit has been tentatively fixed for The defence alleged that that next Monday, by which time it is was entirely a civil, transaction hoped that Congress will have ad- Macao Electrics $18.75 n. ex. div. with regard to the purchase of journed. Sandakan Lights $8.30 . Telephones (old). $23 b. Telephones (new) 58% sa. China Buses ShṢ11 D. Singapore Tractions 27/- b. Singapore Tractions Pref.
11.
(certain logs. They admitted that Lord Tweedsmuir
proposes tor they chased the catamaran as the leave for his summer residence in logs had been sneaked away al-the middle of this mouth, and if though full payment was not made President Roosevelt does not pay for them. The pilot came along his visit before that date another, 28/-with the accused of his own ac-considerably later, will be arrang-
card and the first gave him foodled.
Industrials Malabon Sugar $9 b. Cald., Macg. (Ord.) Sh$191⁄2 n Cald.. Macz. (Pref.) Sh$15. Canton Ices $1% Cements $9.40 m. H.K. Ropes $4.40 n.
Stores, etc.
Dairy Farms $191⁄2 83. Watsons $3.45. D.
Lane, Crawfords $63% n Mackintoshs $5. Sinceres $1.70 n. Wm. Powells 40 cts. n. Wing On (HK). $50 n.
- Cotton Mile Ewo Cottons Sh $82. Shanghai Cottons (old)
$70 n
w! ¿
more
and lodging for the night at his Mr. Roosevelt has spent house.
time away from the United States,., The Magistrate ordered the ac-it is believed, than any President cused to be remanded.
in American history.
rr
Summer Is l'cumen In"
So familiar, even in remote said, during a tour of their Lon-- country lanes, is the ice-cream don factory. "If you wanted ice- tricycle, which begins to appear cream in 1922 you had to go and with the first summer fowers in look for it- We decided to take England, that one forgets how en-the goods to the customer... ormously a trade has grown which scarcely existed 12 years ago.
in
"We began with
a staff of 25. The manager of the largest from Now we have 5,000 tricycle sales- Sh of ice-cream manufacturers
men, distributed all over the coun- this country, with a staff of 7,000 factory opens,
try. Between March, when our*
and September, cycles with which the firm began million gallons of ice-cream. The when it closes, we turn out over a
RAW RUBBER PRICES Shanghai Cottons (new) Sh-himself rode
Latest Quotations From
Singapore
Messrs. H. B Joseph and Co. have received the following quotations in Straits currency from Singapore for Raw Rubber.
Buyers
Spot
July/Sept.
Oct/Dec.
Jan/March
25% Down 3⁄44
.25%. Down
.26% Down
26% Down 3⁄4
MarketUncertain
$39. ... Zoong Sings Sh$18 n. Wing On Textiles Sh$25 z
Miscellaneous
Entertainments $2.90 1. S. C. Enterprises $1.25 2. Macso "Greyhounds” $2 n. Constructions (old) #1%
Constructions: (new) 30 cts. b. Vibro-Piling $42
in 1922.
one of the
10 tri-
**We were
the pioneers,”
he
bulk is vanilla flavoured. Straw- Serry flavours are next in popu........ jlarity.
"We distribute from 130 depots.. FURTHER DECLINE IN PRICE each with its own refrigeration.
OF TIN
Ice-cream will keep indefinitely at la temperature of 10 degrees below
•London, To-day. The price of zero."
Ch. Govt. 5% 1925 G#Eds. -tin fell again on the London Me- The ice-cream mixture enters
933% .
tal Market yesterday to, £183.5.0, the hardening chamber as a semi-- HK Govt. 4% Loza-6% prem, the lowest quotation since May liquid. For about an hour it is 10, 1923, and making a decline of subjected to 62 degrees of-frost- HL Gort, 3% % Loan par. b£12 on the week-British Wire-It emerges in solid lumps 2ft long, Wallace. Harpers $4 1.
which wachines chap into sections.
b
less Service.
"