BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
Authorised Capital...
THE CHARTERED BANK OF - INDIA, AUSTRALIA & CHINA
THE CHINA MAIL, WEDNESDAY, AUGU 19, 1936
LOCAL DOLLAR
STEADY
Silver Prices Fall
SHARE MARKET
TO-DAY'S QUOTATIONS
NEW ADVERTISEMENTS
The following was the list of TRINITY COLLEGE OF MUSIC
local share quotations issued to-
The local dollar is steady, open-day $50,000,000 Incorporated by Royal Charter, 1853, jing од demand this morning
Issued and Fully-Paid-up. 20,000,000 |
Reserve Funds:-
Hong Kong Currency
READ OFFICE: BOSS KONG,
at 1/2-13/16d *
Spor" silver fell 1/16 to 19- £3,000,000 7/16, while "forward" also declin- £3,000,000 ed 1/16 to 19-7/16,
HEAD OFFICE: LONDON
Sterling
...£ 6,500,000
Paid-up Capital
Reserve
$10,000,000
Reserve Fund
Reserve Liability of Pro-
prietors
$20,000,000
Beserve Liability of Pro-
prietors
£3,000,000
Alor Star
Inila
Agencies and Branches: Reagon
Ipak
Bangkok
Karmoká
Ц
Houtmy
"
Kuala Lumpur
bihanghai bangupora
Santom Comuporn
Koobang
Heirs
Manils
Modas
Haiphong
New York Polping
(Paring) Pouy
Berbaya Tupinz
Tanglah
.
BOARD OF DIRECTORS.
Hon. Mr. J. J. Paterson.
Chi
G. Miskin Esq.,
Deputy Chair,
Hoa. Mr. W.H. Bell, J.R. Masson Esq, b A H. Compton Esc, T. E. Pearce Esq., Colomhe Hon. Mr. S. M. Dodwell,
Hon. Mr. M. T. Johnson,
AXO1
J. A. Plummer Esq., Hamburg
Hankow Hartan A: Shields Esq., Bag Kang V. M. Grayburz, - Esq.
BANGKOK
BATANLA
GALERIJA
CANDUN CHELOO LULOMBO DAIRES
FOLLOW
HAIPHONG
HINBURG
ILANAOW HADDIN HONKEW
נדן!
JUHORE
LUBE
KOWLOON I
Chief Hunger.
-
BRANCHES :--
KUALA LUMPCE
LONDON
LIONS
MALAKÇA
MANILA
3/L-SIS Jouts
MURDES
NEW YORK
PELLING PENANG
ALANGOOS
SALON
SAN FRANCISCO
SHANGHAI
SINGAPOKE
SEBABAYA
SUNGEI PATANI
TIENTSIN
TOKYO
TSINGTAO
YOKOHAMA
Cureshi Accounts opened in Local Currency and. and Deposita recited for don yene ze shortet periods in Local Currency and Sterling on Wome which will be quoted on application.
ALSO up to delo SAFE DEPOSIT BOTES -Taczona sitna
Hong Kong, 24th February, 1936.
HONG KONG SAVINGS BANK
The Buses of che sinove Bank in condet. ed by the HONG KONG AND SHANGRAI BANKING CORPORATION,
Rule a D
skilauned on application.
FOR THE BU KONG AND SHANGHAI BANKING CORPORATION,
GRAYBURN,
Chini Manager.
Hong Kong, 24th February, 1936.
THE BANK OF EAST ASIA, LTD.
bestiarized Capital .. Pod vp Copstal James' Laivani l'estica
- § 261,400005,103,900
*_1555,894
IHAD OFFICE:--MONG KONG.
10, Des Varua feed, Gr.
HUARD OF DIRECTORS pom
Hon. Sir Shou-son Chow, Chairman.
Динуты Saclaring
Yokotanzan Zamboanga
Foreign Exchange and Graneral Banking business wanariad
Current nie opened nod Fixed Deponite i rosevad los on Just or shorter perioda al rules) which will be quoted og application.
The Land Uisce in Looáng undertakse. Execular aond Irmasque busima, and Gia recovery of British Income. Taa
overpaid, on
}Agencias 106 branches.
The London on New York cross- rate was quoted at £-U.S.$5,025. as compared with US.$5.02
while the New York London cross-rate Was
on':
quoted
at US$5.03, as compared with)
-U.S.$5.02-11/16.
NEW YORK SHARE MARKET
Featureless Session Witnessed
#
Messrs. White, Weld and Com- same wisin may be sacrimoni si say of salpany. New York. Correspondents
for Messrs. S. E. Levy and Com-] A BREARLEY,
Manager. Pany. Report:-
Stocks: A quiet and featureless session Was witnessed to-day. Prices were again upwärd, bat movements, were confined within
Hong Kong, 1st January, 1935.
THE CHINA & SOUTH SEA BANK, 22-Tow limits. We still believe!
LIMITED
(Incorporated in China) Head Office-Shanghai
Capital
.$7,500,000.00 Reserve
$1,500,000.00 Branches-- All Important Cities in
Chiza
Foreign Exchange and treueral Dealing Busince
transected.
carreus and daring Accents opened and Fiz Deposits received for see your or aborter peu (at fales which will be quoted an appleslive.
SOU Z CHANG,
Sastager.
HONG_XỤNG__ BRANCH:"" 20. De Vaux Road, Central Managura Othon ----- Foreign Eachmage Dept. Gerai Oce - Cashier's Office
الفرات
المقام ان شد
THE WING ON BANK, LİD.
Head Office: Hong Kong 26, Des Voeux Road Central
Authorised Capital $10,000,000
LONDON BANKERS:- Westminster Bank, Ltd. Foreign Exchange and every des-
La kung Chun by P. X. Kock, Z, Wongcription of banking business transact.
Two Tone Log, Chan Chang dibek, Eng. Li Lan ed.
De
La
To. Live.
Alamy
+106
Wong Chu boa, Esq. and Kan Ying
Kan Ting Pa, Kings Chief Maungate
So I've l'ous, Esq., Hamngne,
BRANCHES AND AGENCIES:-
Manila Melbonus
Sourabaya
Sentie
BL Hom.bay sirstt
Sewww
Shanghai
Xori Chacha
Singapore
Hauptong Humor Honolulu
Swatom
Taping
Mydney
Fotog
Talhoku
Kobe howican
Fontain
Prigoa
*Tokyo
London
De Franciaco
Vancouver
Yokokaza
Bengros
Current Accounts and Savings Ac
counts opened. Fixed Deposits 're!
that the present levels present favourable buying opportunities. Business done: 790,000 shares.
Cotton: The belief is increasing. spite of deterioration in the South-West, that the weight of the movement will cause lower prices. and hedge selling is increasing. The storm has been confined to the extreme sections of Southern Texas and it is doubtful if it will extend far inland, but it may bring relief from the high temperatures. Grains: Reliable sources figure that the United States corn and Canadian wheat prospects have shronk considerably since August 1st Cash grains are strong and we reiterate that the short-side. especially in September corn. is decidedly unattractive. pect all grain prices higher. Total sales 47,954,000 bushels.
We ex- to work of wheat:
COMMODITY PRICES
The following quotations have
ceived at rates which will be quoted been received by Reuter- on application.
Trusteeship & Executorship under-
taken. Safe Deposit Boxes for hire. New York Colton:
PHILIP COCKCHIN, Chief Manager.
Bankz
H.K. Bank $1,550-b.. $7,570 2. HK Bank (London) €102 n. Chartered Bank $15 n. Mercantile Bank A. and R
31
Mercantile Bank C. 214% n. Bank of East Asia $74 n.
Insurances Canton Ins. $265 83. Unioa Ius. $547% b.
China Underwriters $1. 12. China Fire Ina, $462 n. H.K. Fire Ins. $235 b. International Assoe. Sh.$5% n. Shipping
Douglases $30 n. H.K. Steamboats $4 n. Indo-Chinas (Prež.), $30 n. Indo-China (Def.) $20 a. Shells (Bearer) 104/41⁄2 1. Union Waterboats $12 n.
Docks, etc. H.K. and K. Wharves $95 b. H.K. and W. Docks $14 m. Providents (Old) $1.45 b. and
Sa
Providents (New) 20 cts. IL Hong Kew $185 m.
New Engineering Sh.$4 n. Shanghai Docks Sh.811⁄2 n. ex.
div.
1
Mining
Kailan Mining Ad. 10/3 n. Langkats (Single) Sh$5 2. Shai Exploration Sh.$s ri. Shanghai Loans Sh.43 n. Raubs $11.85 n.
Venz; Goldfield $44 b. Antamoks $54 b., $6.35 sa Atoke $1 sa
LONDON
Local Examination in Theory
Sth December, 1936.
TH
HE Last Day of Entry for the forthcoming "Examina- tion in Theory will be 28th August, 1936. Entry forms may be obtained from the Local Secretary.
J. E. ANDERSON
c/o The Anderson Music Co, Ltd,
REICHSBANK RETURN
Slight Increase In Note Cover
“CHINA-MAIL" SPECIAL
Berlin, To-day.
dated
reserves
The Reichsbank return August 15 and issued yesterday shows that the gold stock increas- ed by 0.3 to 12.4 million Reichs- marks, and the foreign currency increased by 0.3 to 5.4 making a total increase in the note cover of 0.6 to 77.8 million Marks. The note circulation decreased by 60.6 to 3,240.3 millions. The amount of credit-issued declined. by 204.9 to 4,882.4 million Reichs-: marks Trans-Ocean Service.
REICHSMARK QUOTATIONS
Baguio Gold 52/54 cts. sa. Balatoes $25.
Berlin, To-day-The Reichsmark Benguet Consol $24 6.
was quoted yesterday without Benguet Exploration 41 cts. b guarantee at: New York. 40.23;
42/44 cts. 32.
Paris, 610.5; Amsterdam, 59.23; (and London, 12.49. Paris que ed Consolidated Mines 9 cts. b. the Pound sterling at 76.32 to
Big Wedge 65 sa.
10 cts. s.. 11/11 etc. sa. Demonstrations $134 s.
Ipo Gold 41 ets. b.
Itogons $2.95 sa.
LXL. 82.30. n-
Masbate $1.07 m.
Northern Mining 52 b. 52/54
cis. sa
Paracale Gumaus $1.14 b. Salacot Mining 22 cts, sa. San Mauricio $3.20/310 sa Suyce Consol 75-ets
CANADIAN PACIFIC
NEXT SAILING TO VANCOUVER VIA SHANGHAI, JAPAN & HONOLULU.
EMPRESS OF JAPAN
AT NOON, FRIDAY, AUGUST 21st
BOOK NOW FOR YOUR
TRIP HOME IN 1937
Hong Shang Nasz Kobe Toko- Kong hai saki
「カー
JORTOR
hama. Honvinia Fictoria
Live Arrin Lears Leave Leave Leave Árriss
Steamer E/Canada Jan. 26 Jan. 28 E/Russia
Feb. 12 Feb. 14 E/Japan-Feb. 23 Feb. 25 E/Asia Mar. 10 Mar. 12 Mar. 14 E/Canada Mar. 19 Mar. 21 E/Enssia Apt. 2 Apr. 4 Apr. E/Japan Apr 16 Apz. 18 E/Asia Apr. 30 May 2 May E/Canada May 14 May 16 E/Russia May 28 May 30 June E/Japan June 11 June 13
2
6
Jan. 31 Feb. 2 Feb. 9. Feb. 14- Feb. 16 Feb. 18
Feb. 27 Feb. 28 Mar. 2 Mar. 8 Max. 13 Mar 16 Mar. 18
Apr. 8 Apr. 10 Mar. 24 Mar. 26 Apr. 2 Apr. 7
Mar. 27
Apr. 29
May 17
Apr. 21 Apr. 23 Apr. 29 May 4
4 May 6 May &
May 19 May 21 May 23 June
1 June 3 June 8 June 12 Jane 18 June 18 June 18 June 24 June 29
For Information Apply To Your Own Agent Or
Canadian Pacific
WORLD'S GREATEST TRAVEL SYSTEM
HONG KONG
76.35, and 15.182 to Service.
the US. dollar
15.185.-Trans-Ocean
at
BURNS
BRITISH EXCHEQUER RETURNS
London,
to-day.--The Exche- quer returns-show that the total ordinary
1. revenue amounts £212,836,519, compared with 1224.- 432,126 at the corresponding date of last year. The total ordinary expenditure is £287,537,639, com- pared with £276,530,582 at the cor- United Paracales $247/2.55 s responding date of 1936-British
.. 75/80
Prev. Yesterday Closing Closing
¡October
1183
11.72
cts. sa
December
11.88.
11.76
(January
11.91
11.77
Gold Greeks 55 cts. n.
March
11.96
11.81
Every description of Banking and Exchange kimas tenanaciad. Lounged on approved securities.
Current Accounts opsoed in; Local · Carruzey and Fixed Deposit received for con year de shorter periods in Local and Fomigo Curwencias
terms which will be quoted on application. Sain Deposit Boxes To Leer
KIN TONG PO,
Chind Manage
15. Graverburet Street, Le September
October £3,000,000
THE MERCANTILE BANK OF INDIA, LTD.
1May
11.97
11.80
Gold River 13 ets, n.
July
11.93n
11.77n
Santa Rosa 15 cts. n.
Spot
12.43
12.31
New York Rubber:
HEAD OFFICE:
Authorised Capital
Subscribed Capital 1,800,000
December
Bangkok
Thunay
Catrulim
Eloubo Dril
دروس محور
Branches and Agencies at Alexandria,
Moji
Bangkok
Nagasaki
R. KENNEDY,
Manager.
Batavia
Nagoya
Berlin
New York
Quran" Bowl Central, Body Kung, Dith July, 1955.
October December May
Bombay
Calcutta
Canton
THE YOKOHAMA SPECIE BANK LIMITED
Established 1880
Capital (full paid-up) Yen.100,000,000 Reserve Fund
Yen 129,150,000
Head Office: YOKOHAMA
Reserve Fund & Rest 1,247,830
BANKERS:
The Bank of England & Midland Bank Ltd.
Bala Lumper
Kuantan (Pahang rumla
HING KONG BRANCHL
By decription of Basking, and Exchange September
Trust and Esreutachipu umăriaketa INTEREST loved of CorrOL.Secount and
Fixed Deposits a Rains that may be cured Winnipeg Wheat:
Paid-up Capital ..
1,050,000
January
16.26
16.12 16.14n 16.170 16.23 16.26
16.29n
March
16.39
16.39a
May
16.44a
16.46a
BRANCHES :
July
16.30n
16.50n
Taob
kaly
archi
New York
Pure L
Chicago Wheat:
Ko Bhar
Mauritian)
!September
1133
114
Kuala Lapi
Range Shanghai
December
112%
113%
May
110
111%
Simra
Singapure
Chicago Corn:
112
176
Peak Trams (new) $2% n
.
Travellers Chegaun inord.
¡December
May
982
100%
9438
9636
Star Ferries $87 b. ex. div. 87
ex: div.
Yaumati Ferries $20 n.
103
103
101
1013%
1023%
10234
Wireless Servise,
TEL 20752
LINE
PHILP
M.V. “NEPTUNA”
DUE 5th SEPT.
Osaka
Paris
Peiping
Dairen (Dainy) Rangoon
Fengtien (Mukden) Rio de Janeiro
Hamburg
San Francisco
Hankow
Seattle
Harbin
Semarang
Hong Коле
Shanghai
Honolulu
Singapore
Hainking
Sourabaya
Karachi
Kobe
London
Los Angeles
Manila
counts.
Sydney Tientsin
Tokyo
Tsingtau
Yingkow
Interest allowed for Current Ac-
Deposits received for fixed periods
at rates to be obtained on applica- tion.
G. KISHINAMI,
Hong Kong, 3rd July, 1956.
THE
Manager.
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China)
Capital paid up
$5,000,000. $7,500,000.
Reserves Capital Savings Dept. $500,000. Reserve Savings Dept. $600,000, Head-Ofice-Shanghai
A Bank having as its mission the industrial development on China and the fostering of ber commercial - relations abroad.. Hong Kong Officem
6, Queen's Road Central Flume 31116.
YOUR BANK AND YOUR TRAVEL FUNDS
:
You can safeguard the funds you carry when
tr
traveling by purchasing a neat wallet of
AMERICAN EXPRESS
TRAVELERS CHEQUES
You need these cheques whether you go by rail, steamer, motor or air. You sign them when you buy them. When spending them you sign a second time in the presence of the person accepting them. They are spendable every- where and no identification is re- quired other than your signature.
I lost or stolen before you have
signed them a second time, the amount involved is refunded to
you. We issue these Cheques in-
denominations of $10, $20, $50
and $100, xlso £2, 45 and £10.
THE AMERICAN EXPRESS CO., LTD.
Incorporated with Limited Liability in U.S.A.
No. 4, Des Voeux Road, Central,
Lands, Hotels, etc. H.K. and S. Hotels $5 b. and.sa. HK Lands. $32 b. ex. div. H.K. 4% Debentures 105% IL. Shanghai Lands Sh.$13 n. Metropolitan Lands Sh. $10 Humphreys $9 n.
HK Realties $4 L Chinese Estates $80 n. China Bealties Sh.$4 n. China Debentures Sh.$60. Public Utilities H.K. Tramways $11.65 b. Peak Trams (old) $61⁄2 n.
C. Light (Old). $11.70`b. C. Lights (New) $8.35 b. EL.K. Electric $524 b..... Macao Electrics $20 m. Sandakan Lights $8.30 . Telephozes (018) $26.60 Bi
$261⁄4 sa
Telephone (New) $8.65 n. Ching Bases Sh‡111⁄4 n. Singapore Tractions 29/- Singapore Pref. 23/- 11.'
Industrials
Malabon Sugere $91⁄2 IL Cald., Macg. (Ord.). Sh$191⁄2 Cald., Macg. (Pref.)· Sh.$15 n. Canton Ices $2 Cements $9.55 b.
HLK. Ropes $3 b. and sa
Stores, etc.
Dairy Farms $21 b. Watsons $3 b. Lane, Crawfords 161⁄4 1.
Mackintoshs $5 n. : Sinceres $3 A. Wm. Powells 40 cts. n..< Wing On (HK.) 450 n.
Cotton MI
Ewo Cotton Sh‡7% b. Shanghai Cottons (old)
$70, n. Shanghai Cottons (new)
$39%
Zoong Sings £IL$18 n. Wing On Textiles 8h:$25 n.
Miscellaneous Cake
THE HIGH COST OF REARMING
(Continued from Page 4)
we are to buy. How long that is no one can definitely say; the life of a battleship is at least half a dozen times the life of a military aeroplane, as a modern weapon, so that the more aeroplanes there are în the rearmament programme, the fewer battleships, the shorter the period of obsole- scence, and therefore the grea-}. ter the provision that must be made for it
Ten Years
PASSENGER & FREIGHT SERVICE TO AUSTRALIA
Next Sailing 8th Sept.
for Saigon, Manila, Sandakan, Salammans, Rabaul,
Sydney & Melbourne.
First Class Fare to Sydney:
Single: £47.10.04. Return: £76.-
Let us suppose that the average effective life of our new arm is 10 years. The Govern- ment could probably raise the money for that period on Trea- sury Bonds at 2 per cent. That : gives a service charge of about $30,000,000. This is the figure by which the budgetary bur den ought to be annually load-hat we should "pay as we go." ed if we are prudent in the financing of our rearmament
Passenger & Freight Agents:--- GIBB, LIVINGSTON & CO. LTD.
P. & O: Building Joint Passengers Agents: ---
NIPPON YUSEN KAISHA
King's Building-
And even to the extent of a few
If the estimated life of the years of a few million pounds arms is shorter, the burden there is no moral virtue in ask- must be correspondingly in- ing a later generation of tax- creased. This,
payers to pay for the present makes no allowance for the in generation's security. creased annual cost of main-
of
course,
Mortgaging The Future
RAW RUBBER
Buying Quotations From Ellis & Edgar
Delivery August 19 Last Price C.
taining bigger defence forces We may perhaps be told that Spot O./D. all round, including pay and it is impossible, taking the M. equipment for an enlarged per-economic life as a whole, to A/3. sonnel We could hardly ex-"mortgage the future," since pect less than another £30,000,-the necessary diversion 000 a year on this account. economic resources
of
26- 7/16 Un.
26-11/16 Un. 26-15/16 Uz. 27- 3/16 Un.
Market dull Unchanged.
must Latest Quotations From
Singapore
A longer loan would, of always take place in the pre- Sh. course, reduce the annual bur-sent. This is true enough, but den, but there are arguments we have only to consider the Sh-for an even shorter term. The difference between having had, Mesara, H. B. Joseph and Co argument that we are only rein 10 years' time, a decade of have received the following pairing the economica of the securer defence, and having quotations in Straits currency slump period must have some still the things like schools and fram Singapore for Raw Rubber. weight, with the implication roads and telephones and hoepi-
Entertainments $2.90 n. S. C. Enterprises $136-n. “Macao “Greyhounds" $2 n.-
Constructions (old) - $1% n.. Constructions (now) 30 eta, bi Vibro Piling 23.
tals on which the same capital
Ch. Gort. 5% 1925 G#Bdz
92% b.
sum might alternatively have Spot.... been spent, to see how a present September
H.K. Govt, 4% Loan 6% prem. E. diversion may prejudice future Oct./Dec.
HK. Govt. 3% Loan par. &. Wallace Harpers 14 n.
economic welfare.
(Continued on Page-9)~-
Jan./March
Market:Quiet,
Buyers
263% Down 3⁄41⁄2.
-26% Down
26% Down
27 Down