BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
Authorised Capital
.....$50,000,000
Emusd and Fully-Paid-up 20,000,000
Reserve Funds --
..$ 6,500,000
Sterling ******
Hong Kong Currency
Beserve $20,000,000 Beserve Liability of Pro-
PIGSTON
$20,000,000
HEAD OFFICE: HONG KONG.
BOARD OF DIRECTORS. Hon. Mr. J. J. Paterso
Chairman.
G. Miskin Esq.,
Depay ChairmINE.
Hon. Mr. W.H. Bell, JE. Masson Eq
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA Incorporated "by Boyal Charter, 1553.
HEAD OFFICE: LONDON
Paid-up Capital |Reserve Fu
Reserve Liability of Pro-
prietors
£5,000,000
3,000,000
Agencies and Branches:`
Aloe
Minule
1pon
DNAMEBOR
armba
Baarang
Delevi
Jang
«Darba?
1.000
Alisa Leopar
DE
MADAN
Драм Hunt
Now Lock
zaspaong
Poping
Ting Fatig
Compton Esq. I. E. Pearce Esq. Co
Mo Mr. S. H. Dodwell,
J
J. A. Finmmer Eig.] maksust MT. Johnson Esq., AL Shields. Esq. som
AMOX
V. M. Grayburn, Esq.
MAJUKOK BALAYIA JUISLY BALUUTTA
BEXIOU
ORTEMEN
DALTEN
*TOPLUNG
SAMSUNG RADNON
HARDIN
BUNGLET
JUHURE
KOWLOON
Chial Mannette's
BRANCHES jem
SCALA LUMPUR
PEJADON
LYOND
MALAUGA
MANILA
MULDER NEW YORK
PELPING PENAS HANGGON
БЕЛОНА
Gong Kong
Jacobea changin Co
THE CHINA MAIL, WEDNESDAY, JUNE 17, 1936
Commerce and
Finance
NEW YORK STOCK MARKET
Last-Hour Strength
Shown
HIGHER PRICES INDICATED
Messrs. White, Weld and Com- pany, New York correspondents for Messrs. S. E. Levy and Com pany, report:—
The last
LOCAL DOLLAR
STEADY
Silver Prices Fall
The local dollar is steady.i opening on demand this morning at 1/3-5/162.
declined 1/16,
Silver prices both "spot" and "forward being qucted at 19 13/16
The London on New York cross- -rate was quoted at £-U.S.$5.04, £----U.S.$5.02- as compared with hour 5/16, while the New York on tros docente open and Fad Depouts strength in all sections which es-London cross-rate was quoted at tablished new high levels indi-US$5.03 15/16, as compared Bank's Boot GLE 15 London under cates higher prices with 158 as with £-U.S.$5.06%.
Formga kachangs sod. Gensen Barking bomitants
Tered our per de er uchun 'na tabia
T
Wall De
Bamcutor
www.
quoted on app
karinate
مطلبعنه . مجد
"Stocks:
of Brush Income Tax prepaid on the nearest resistance point. Con- became a bust thy handed an appunto.
A. SERAKLEY,
gressional action on the Tax Bill
is an immediate market influence. Manager-Business done:
SAN FRANCISCO
Hong Kong, 1st January, 1935.
BINGAPURK
DUURABAYA
SUNGEL PATANI
TIEN 7523
TOKYO
TSINGTAO
YULUHAMA
One Amous spaced in. Lomi Correccy and Bead Depants PROMPRE SOT One year de anteme Maude is Looal Carrency and biocũng en verna
same be quoted as applied 2015
Alavi za te da APE herous B TO LEE
Hong Kong, 24th February, 1336.
HONG KONG SAVINGS BANK
The Sasinens of tho akers Book is condwas- HONG KONG AND SHANGHAI Byles may be ANCING CORPORATION. stressed ·or · appiunation.
FOR THE BIRD KONG AND SHANGHAI BANKING CORPORATION
V. GRAYSBORN,
Chal Manager.
Hong Kong, 24th February, 1936.
THE BANK OF EAST ASIA, LTD.
$18,000,000.00
semură 4,508,800,00
Aomoriand Capita" manata samma Ph-up Capisal Umers and Ladiesiad Prodtamok 2005,706,32
HELD OFFICE:-8ONG KONG.
De Vas Bord, Cealal
BOARD OF DIRECTORS :—
bu Shou-son Chow, Chairman,
LA Loos Cash, E. £. Awal Lag Woe
"Wheat:-There are no visible signs of relief in the North-West.i
THE CHINA & SOUTH SEA BANK, Good rains are reported in three
LIMITED
(Incorporated in China) Head Union-Shanghai
Capital Reserve
$7,500,000.00
UDIRE
Canadian provinces, but there is! North-West Ino moisture in our (where warm, dry weather con-
tinues.
BRITISH TRADE WITH CANADA Revision Of Ottawa Agreement
London, To-day.
Foreign mango nad Svaneni Banking Businton. The 172,000 bales of rather\Runciman, announced
Cain and bating Astowska opačné and Pand
"Cotton:-It is generally believ In 3 Parliamentary auswer ed that there will be no further yesterday the President of the Branches-A important Games in releases of Government loan cot-Board, of Trace, Mr. Walter that pre- of Pool jundersirable quality
liminary discussions, with a view'
the revision of the Ottawa Deposits remind her me jane or shorter pacola "spot" cotton are inadequate toto
satisfy the heavy trade demand agreement with Canada, ` would To-day's rapid absorption of of-begin shortly. The Association ferings of July cotton by the of British Chambers of Commerce, Fool amounting to, it is reported, the Federation of British Indus 35,000 bales, is buoying sentiment.
the whack wil be grond du uppisentiunt,
DUU 2. Chano,
BONG SONG BHANGH; 26 Yams Boon, smascal. Bag' Se Pow Bosungs Dept. smatratzen.
THE WING ON BANK, LTD.
Head Office: Hong Kong
26, Des Voeux Road Central. Authorized Capital $10,000,000
LONDON BANKERS:~~ Westminster Bank, Ltd.
We feel that many sold-out bulls tries and the National Union of Manufacturers, as well as bodies 3t;" Jare anxious to reinstate on
representing particular indus- weather [backs. The
in the
tries, had been invited to furnish Eastern Belt is clear and a fore-
observations to the Board of cast indicates a continuation
Trade. clear and fair conditions.
of
Mr. Runciman added that the question of similar consultations
Foreign Exchange and every de- COMMODITY PRICES with industry, in connection with
cripton of banking business' transact-
Current Accounts and Savings Ac-)
the possible revision of the
The following quotations have Ottawa agreements with other
counts opened. Fixed Deposits re-been received by Reuter- calved at rates which will be quoted
Jong, Chris Ching Shak, Eag-on applicatio Song. Keş, Wang Chu Bon, Eeg, and Koa Xing
Lea Tung P, Eng, Chist Kangat... In Tan Fong, Is, Maaspt.. BRANCHES AND AGENCIES :--
Manila
Melbourne
Nagamala
ZMONOWALE bhangha
bydney Tabas
New York
Soursonga ŹWILOW
Emphon
Hickor
I'mping
Penang Кадер
San Francisco
Koson Landos
TING Zokyo 1akabache Every dripua of Benicing and Exchange bus tea. Los acted an approved
Gurrea case opened in Lacal Curranty and Fixed Deposite red for your shorter perioda "un Loant and Pocsira Gazancler sema which will be quoted an "applicative
Depois Bar To Le
KAN TONG PO
Chad Manget.
THE YOKOHAMA SPECIE BANK
LIMITED
Established 1880.
Capital (full paid-up) Yen 100,000,000 Yen 129,150,000 Reserve Fund
Head Office: YOKOHAMA Branches and Agencies at
Alexandria
Bombay
Batavia
Berlin
Calcutta
Canton
Daizer (Dalny)
Hankow
Harbia
Hoadlule
Nagasaki Nagoya New York
Osaks Paris Rangoon
Priping
(Mukden) Rio de Janeiro
San Francisco
Seattle
Singapore Sourabays
Sydney
London Los Angeles Kaniis
Tientsin Tokyo
:
Tsingtan Yingkow
Moji
Interest allowed for Current Ac- counts.
Deposits received for fixed periods at rates to be obtained on applica- $ion
G. KISHINAMI, ·
Manager
Hong Kong, 10th March, 1986.
1
THE
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China)
Capital, paid up $5,000,000. Reserves
$7,500,000. Capital Savings Dept. $500,000. Reserve Savings Dept. $600,000. Head-Once Shanghai
A Bank having as its mission
industrial
the
Development
100
China and the fostering of her
Commercial
Hoog Koar
6, Queen's Road Central -
Phone 21115.
Trusteeship & Executorship under-
parts of the Empire, did not arise Prev. Yesterday at present-British Wireless Ser- Closing Closing vice.
taken. Safe Deposit Boxes for hire, New York Cotton:-
July PHILIP GOCK CHIN
THE MERCANTILE BANK OF INDIA, LTD.
HEAD OFFICD:
15. Graccharch Bars, London, I.C.& Authorised Capital ..£3,000,000 Subscribed Capital 1,800,000 Paid-up Capical .... 1,050,000 Eeserve Find & Rest 1,247,830
The Beek of England & Midland Bank, Zač
A BANKZES:
11.70
11.74
Chief Manager. October
1118
11.29
December
11.15
11.26
January
11.15
11.25
March
11.16
11.27
May Spot New York Rabber:- July
11.12
11.28
11.79
11.85
15.75a 15.79
September ¡October
December January
March
15.85a 15.89
May
15.042 16.11b
15.86n 15:821 15.95a 16.00% 15.96n 16.02n 16.09n 16.17
Chicago Wheat-
July
873/4
September
89
December
91
Chicago Corn:-
business transacted.
July
62
Tall Cheques farmed.
on application.
Trosies and Executorships undertaken. INTEREST allowed an Current Anoazia and Winnipeg Wheat:- Fixed Deposits at Baise that may be neonsaised.
September
59-2
62% 59
B. KENNEDY,
Manager,
3. Queen's Boad, · Cuerten!
Bong Song 24th July, 1935.
July October ¡December
79%
78%
79
792
80%
796
Bangkok
Beakbay
Calcutta
Colombe
·Delhi
Hove Konz
Howrah
BRANCHES I
Ipoh
Kota Bharu
Kuala Lipis
Koala Limpur
New York Penang Port Louis
(Mastitima) Bagoon
لمطح سهيلة
bussian (Pasang Simle
Madena
HỌNG TUNG XU CH
Singapore
Every description of Banking and Eachamp
THE
EXCHEQUER RETURNS
Increase In Overseas Trade
London, To-day."
The Exchequer returns show revenue." that the total ordinary excluding
items, self-balancing amounts to $101,066,514, compared with £109,013,827 at the
COITES-
ponding date of last year. An increase of overseas trade reveal- 88%ed in the figures for May, publish- In the 893% ed yesterday, is reflected 91% yield of Customs, which at £40,- 1998,000 exceeds the total for the same period of the last financial year by nearly £1,500,000.
AMERICAN EXPRESS COMPANY
INC.
Incorporated with Limited Liability in U.S.A
REICHMARK TRAVELLERS
CHEQUES
ON SALE AT
ADVANTAGEOUS RATES
Office:
No. 4, Des Voeux Road
Central
The total ordinary expenditure, exclusive of self-balancing items, is £167.661,669, compared with |£164,384,336 at the corresponding date of 1935. British Wireless Service.
SHARE MARKET
TO-DAY'S QUOTATIONS
The following was the list of local share quotations issued to- |day.
Banks
H.K. Banks $1,585 sa. HE. Bank (London) #100 b. Chartered Bank £14 Mercantile Bank A. and B.
$802
Mercantile Bank C. £13 Bank of East Asia $73 21.
Insurances
Canton Ins. $263, n. Union Ins. $315
China Underwriters $1 China Fire Ins. $462 n. HK Fire Ins. $250 n. International Assce. Sh.$$1⁄44 1.
Shipping
Douglases $56 1. ELK Steamboats $4 mi Indo-Chinas (Pref.), $30 B. Indo-Chinas (Def.) $20 n.- Shells (Bearer) 98/11⁄41⁄2 *... Union Waterboats $12.20 n.
Docks, etc.
H.K. and K. Wharves $88 n. H.E. and W. Docks $9 b. Providents (Old) 85 cts, ma
Providenta (New) 20 cts. I. Hong Kew Sh.$185 a. New Engineering Sh.34 1. Shanghai Docks Sh.$100 n.
Mining
Kailan Mining Ad. 11/- 2 Langkats (Single) Sh.$$ m. S'hai Exploration Sh.$44 m. Shanghai Loans Sh.& n. Raubs $104.
--
"ETERNAL TRIANGLE”
No evidence was offered by the prosecution when Montagne Ed- ward Wells, aged 26, was charged at Reading last month with discharging a pistol with intent to do grievous bodily harm. The charge was dismissed.
The police stated at a previous hearing that it was a case of the Wells was "eternal triangle." alleged to have fired at George Chapman, a soldier, and Mrs. Wells was wounded in the leg.
NEW ADVERTISEMENTS
NOTICE
(ECRETARIES of Association Football Clubs, and Referees and Linesmen, are reminded that, in accordance with the Rules of the Hong Kong Football--Associa
and of the Hong Kong tion. Amateur Football League, Afflis- tion and Entrance Fees are due on or before 1st July, 1936. The
SHIPBUILDING IN official forms of application, if not
BRITAIN
Orders By Ellerman Lines
FREIGHT RATES INCREASE
London, To-day. The Chamber of Shipping's index number of freight rates for May shows an increase of 3.09 per [cent.. compared with April, and of! 15.45 per cent, compared with a |year ago. Another indication of the recent improvement in the shipping outlook is given by the} orders for six high-speed cargo liners just placed by the Ellerman Line.
already received, may be obtained on application to the Hon. Secre tary, Hong Kong Football Associa tion, P. O. Box 253
G. W. P. KIMM.
Acting Hon. Secretary, Hong Kong Football Association.
LOCAL S.P.C.
Excellent Work:
Being Done
PROSPECT OF DEFICIT IN ACCOUNTS
Nearly 3,000 people visited the Two twin-screw turbine liners, each of 10,600 tons dead-office of the Society for the Pro- tection of Children during May, weight, for the South African
seeking help. while the Society's Services of the Ellerman
Inspector made 547 visits. to- Bucknall and Hall Lines are to be homes during the period. Befer-
and
bailt by Messrs. Cammell, Laird ence to these figures was made at at Birkenhead; two turbine cargo the monthly meeting of the Execu liners of 9,800 tona
deadweight, for the Indian services of the City held on Monday evening, when tive Committee of the Society. Venz; Goldfield $44 b.
and Hall Antamoks $471⁄2 sa.
Lines," by Messrs the Chairman, Mr. E. E. Kotewall.. Barclay Curle on the Clyde; and stated that they showed the extent Afoks ST ets, sa.
two cargo liners of 4,300 tons of the work done on behalf of the Baguio Gold 26 cts. b.
deadweight, for the Mediterranean poor and sick by the Society. Balstoes $21. Benguet Consolidated $19. (and Levant services of the Eller- It was also reported that 135
man and Papayanni and West- Benguet Exploration 23 cta. n.
new cases were dealt with during cott and Laurance Lines, by the month, the total number of Big Wedge 36 ets. sa. Consolidated Mines 1 cts. Messrs. Gray and Company
at cases under supervision at the end Demonstration $109, $1,09/- West Hartlepool
of May being 347. The average These orders are in addition to income per head per, month, of 1.11 sa.
a cargo liner for the Indian trade the families assisted, was $1.87, and a fast passenger liner for the compared with $1.71 in April, Bombay service, both at present $166 în under construction on the Clyde February. for the Ellerman Lines-British Wireless Service.
Gold Creek 9 cts. 3. Ipo Gold 31 cts. n. Itogons. $1
LX.L $2 b., $2.10 s. Masbate 71 ets. n.
Northerns Mining 39 cts. 8-
Paracale Gumaus 58. cts. n. Salacots Mining 11 cts. San Mauricio $1 n. Suyoc Consol 34 cts. b. United Paracale $1.05/1.06 sa. Universal Explor 17 cts. I
Lands, Hotels, etc. HK and S. Hotels $4.30 b. H.K. Lands 330.90 sa.
4% H.K: Lands
Debentures
100% b.
Shanghai Lands Sh$13 n. Metropolitan Lands Sh. $10 Humphreys $8.55. z.
TRADE MARKS IN GERMANY.
New Law To Be Enforced
March, and $1.49
ם!
Further Funds Needed The financial report showed that during May expenditure exceeded income by $936.01, and it was: stated that the present position indicated that a sum of $3,000 {world-be needed to avoid a deficit during the financial year ending on October 31 next. It was stated that steps were being taken to-
from raise further funds
the Chinese community.
Berlin, To-day. < On October 1 a new bill govern- It was reported that the Dairy ing the registration of trade Farm, Ice and Cold Storage Co
effective will become
ia Ltd. had . marks
generously offered to Germany. Fundamentally it seems supply meat-bones for the purpose differ but slightly from the of making soup for mothers and present law, but is based upon children aided by the Society, "and" new court proceedings since 1894, that the offer had been accepted the date of the old law. Trade with grateful thanks.
Prior to the commencement of marks registered prior to October
to
ELK, Realties $41⁄2 2. Chinese Estates $82 n. China Realties Sh.$4 a China Debentures Sh.$60 n.
Public Utilition
1 will be handled according to the business, members of the Com H.K. Tramways $9.30 b and sa..
silence ** & Peak Trams (old) 61⁄2 - enew law, but infringements, acmittee stood in
div.
cording to the present one-tribute of respect to the memory Peak Trams (new) $2% n. ex Trans Ocean Service.
of the late Mr. Kwok Sin-lau, who- was a life member of the Society of its General
div.
Star Ferries $8634 m. Yaumati Ferries $20 n. C. Lights (ok) $10.80 s C. Lights (new) $7.70 n. H.K. Electrics $50 b. Macao Electrics $18% n Sandakan Lights $8.30: n. Telephones (old) $25 n. Telephones (new) 8 n.
Singapore Tractions 28/6 b. Singapore Pref. 28/- n.
Industrials
NO DEVALUATION China Buses Sh.$114
PROPOSED
Swiss Minister's. Firm Declaration
* CHINA MAIL “ „SPECIAL'
Berne, To-day. "There is not a word of truth in the rumours of a devaluation of the Swiss franc, declared the Finance Minister, M. Meyer, in the National Council yesterday in reviewing the Swiss budget for 1935 and dealing with the position of the capital market and cur- Both the Gov- rency questions. ernment and the National Bank were firmly resolved to maintain the currency at the present level, he said-Trans-Ocean Service.
Malabon Sugars 391⁄2 b. Cald. Macg. (Ord) Sh$191⁄2 Cald. Macg. (Pre) Sh$15 Canton Ices $1. Cements $8.45 1. HK. Ropes $3.90 ti Stores, etc. Dairy Farms $19. Watsons $3.45 Lane, Crawfords $64 n' Mackintosha $5 n. Sinceres $170 m. Wm. Powells 40 ets. n. Wing On (HK) $50 m
Cotton Mills Ewo Cottons Sh.$8 s. Shanghai Cottons
STO 2.
Shanghai Cottons
(new)
** /:68$
RAW RUBBER PRICES Zoong Sings Sh.$18 a Latest Quotations From
Singapore
Wing On Textiles Sh.$25 n
MiscelaneoTES
REICHSMARK QUOTATIONS and a member
Committee.
Berlin, To-day. -The Reichs- mark was quoted yesterday with- out guarantee at: New York, 40.29; Paris, 612; Amsterdam, Paris 59.54; and London, 1251.
quoted the Pound sterling at 76.45 to 76.50, and the US. dollar zt 18.18 7/8 to 15.19 1/8.—Trans- Ocean Service.
RAN FOR TWO MILES
Bolting Pony Injures Seven People
were Seven people
knocked BERLIN SHARE MARKET --
[down and injured yesterday by a Berlin, to-day.--The upward pony which bolted for nearly two trend of quotations on Monday miles in the East End of London. stimulated buying by the public The animal collided with when the share market opened omnibus, a hand truck and several”“” yesterday. Owing to the scarcity street-traders' stalls. Three women, who stopped of further orders, the prices, a baby, and a man however, slightly declined again the pony-and was dragged along Call money stood at 21 to 2% for several yards were among the
injured. The pony was unhurt. per cent.-Trans-Ocean Service.
Tibet's Gold Treasure
Spurs World Avarice
(old) Sh
The assertion that Tibet, the Orient aprising of the followers "Forbidden land," has vast tres-of Buddha.
her Sh-sures of precious metal in "But let me make a prediction
soil and that these will soon be here and now. The aeroplane- exploited is made by Harrison (God's gift to the imperialist), Forman, just returned to England with its threat of bullets and from that mysterious country. In bombs, thumbs its nose at chan-- ja book entitled "Through Forbid-cellery, religious and mountain jden Tibet," he writes:
barriers. And as soon as the "With the world to-day crying, aeroplane shall have proved that” starving for gold. Tibet has liter- these barriers no longer are un-- ally tons of it, . - This is well scalable and at the same time- known to the British, Chinese offer an efficient substitute for and Russians, whose territories horse', and yak-back transports-- border upon Tibet. But they he- tion--we may well anticipate a- sitate to start a rumpus with each despoilation of this forbidden: other with the gold of Holy Ti-land comparable to that of the bet as the spoils of war in early Americas by the Spaniards........ fearful dread of a fanatical Pan-l'And that day is not far of.”
Entertainments $2.90 n." 8. C. Enterprises $1.35 m. Macao "Greyhounds” $2 n. Constractions (old) $1% n. Constructions (new) 30 ctx. b. Vibro Piling $21⁄2 ¤- Ch. Govt. 5% 1925 GBda.
$32% 2.
Messrs. H. B. Joseph and Cã have received the following quotations in Straits currency from Singapore for Raw Rubber.
Bayers. Spot
25% Unchanged July/Sept... 26% Unchanged) :: h. Oct/Dec.
26% Unchanged HK Govt. 82% Loan 1% Jan./March- 26% Unchanged premi badusies
Market;-Quiet,
Wallsce Harpers $4 në
EK. Govt. 4% Loan 7% prem