8
BANKS
HONG KONG AND SHANGHAI ~ THE CHARTERED BANK OF
`BANKING CORPORATION
Authorised Capital
· INDIA, AUSTRALIA & CHINA“.
Hong Kong Chirency
Reserve......$10,000,000 Eeserve Liability of Pro-
prietors
HEAD OFFICE: HONG KONG.
THE CHINA MAIL, THURSDAY, AUGUST 27, 1936
Commerce and
Finance
LOCAL SHARE MARKET
TO-DAY'S QUOTATIONS
$50,000,000 Incorporated by Royal Charter, 3853.
Issued and Fully-Paid-up. 20,000,000
Beserve Funds---
HEAD OFFICE: LONDON
Sterling
£6,500,000
Paid-up Capital
.ES,000,000
Reserve Fand
£3,000,000
Reserve Liability of Pro
.$20,000,00
prietors
£3,000,000
Agencies and Branches:
Alor Star
Ipoh
Bangkok
Beterrin
Largohi Klang
Bomby
Bangom Beigum Semara
Shanghai
The following was the list local share quotations issued day ...
of
Calmina
Ini Lumpur Singapore
Banks
Smoking
Camopom
Madma
Manila
Bozondays Tuping
HK. Bank $1570 b.
Colombe
Median
New Zoek
Tongka
Haiphong
Piping
Expo
Hamburg
Peng
HK Bank (London) £102 n. Chartered Bank $15 Mercantile Bank A.
1.
and
BOARD OF DIRECTORS.
Hon Mr. J. J. Paterson.
Chairman.
G. Miskin Esq.,
Deputy Chaleroas.
Hon Mr. W.H. Bell, J.R. Masson Esq, A. H. Compten Esq., T. E. Pearce Esq, Hon. Mr. S. M.. Dodwell,
3. A. Plummer Esg
Hon. Mr. M. T. Johnson,
A. LA Shields Esq. V. M. Grayburn, Esq. Chist Spec
BRAY
AMUT BANGKOK KATAVIA BORBAY CALCUTTA CANTON CHEFOO CULUMBO DAIRES FOOCHOW HAIPHONG BANBU BANKOW HAHEIN HONGKEW ILOILO
LONDON LIONS MALACCA MANILA
CAR ↑lobora) MURDEN NEW YORK PEIMSG PENANG FANGOON SAIGON
n
JOHORE БОНЕ KOWLOON
KUALA LUMPUR
SAN FRANCISCO SHANGHAI SINGAPORE
SOURAHAYA SUNGHI PATAST TIENTSIN TOKYO
TSINGTAO YOKOHAMA
Current Acconta opened in Losal Currency andį Fixed Deposits received for one year of bariat
perrods in 1ool Currency and sterkng ou terma which will be quoted on application
1250 up to date BAFE DEPOSIT BOXES
·Tatous Life TO LET
Hong Kong, 24th February, 1936.
HONG KONG SAVINGS BANK
The Busineen of the above Beak in conðurt.
ed by the HONG KONG
-BANKING CORPORATION.
AND SHANGHAI
Hardin Hang Lang
Tobols Zamboanga
Foreign Dachsage and General Banking business Lanka.
Current Accoutis opened and Plan Depoalin zwojtymi for one year or shorter parsods us makes (which will be cooled on applimfot
The Bank's Sand Offen in London undertaken Executor
business, and claime moonwcy of British Indian Tax overpaid, o terzne, which may be ascertained at any of ite agenciar- and Branchsa.
A BREARLEY,
Manager. Hong Kong, 1st January, 1935.
THE
AMERICAN EXPRESS COMPANY, INC.
Incorporated with Zimited Liability in USA.
Head Office:---65, Eroadway, New York
Capital
Surplus Reserves
„17.S.$6,000,000.00 2,210,344.38 897,612.63
Amsterdam Antwerp Athena Aviwan
Се треть
Bague Havana Hamburg Harro
Neatreur
BRANCHES:-
Stilan
Bale – DE
Baal
coled-on application
Berlin
Nice Kupien Piraeus Pary
Banabay
Brun
Caurs
Caleatte
Jerusalem London
Tawespon
FOR THE ONG KONG AND SHANGHAI
BANKING CORPORATION.
V. GRAYBURN
Chad Manager-
Hong Kong, 24th February, 1936.
THE BANK OF EAST ASIA, LTD.
Authorized Capital
Paid-up Capita
— 5,598,500.00
Eeserve and Ladiended Profile > 2033,38k
READ OFFICE HONG KONG.
10. Das Vam Road, Central BOARD OF DIRECTORS — Hot Sir Shou-sia Chow, Chairman. 14 Koon Chun. Zeq. P. I. Em Eng Wang Yun Tong, E. Chan Ching Shak, Begu Lá Lan Sang. Eng. Sang Chu bom Esq, and San Ting Pa, Eng
1
ANT
Kan Tung PG. Eaq
JT For
2301TA
nagw Chic Manager..
BRANCHES AND AGENCIES:-
Bombar
Calestia
Canzon
Haiphong
Henkow Hoculule
Manila
Melbourne
Nazmaki
New York
معلمين
Samard
Shanghai Singapore Бальму Swato
Pame
Priping
Sydney
Peng
Takbokn
Rangoon
Tiansan
Home Loca Londos
Tokyo
San Francisco
Esbe
VADODAVAT
Tokoba
Every description of Banking and Exchange
Cannes Colombo Coprungen Datin Exdzbuzga Florence Genera
Jeho
Turping Rotterda Hote Shanghai Southampto SORERKOREA
Tirglei Vienum
Lugano Laxne Murrilles
Monte Caris
Yokohama Zusich
Lubich
Branches of American Express 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 intending 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. H. BENSON,
General Manager.
Bumbay trkesaclad. Losts granted on apprTHE CHINA & SOUTH SEA BANK,
Current Accounts opened in Zooal Currency and zad Deposita esived for any of abortat periods in Lost and Forsign Currencies
high will be quoted on application.. Bata Deposit Bow To Lak
EAN TONG PO,
Chief Manager.
THE YOKOHAMA SPECIE BANK LIMITED
Established 1680
Capital (full paid-up) Yen 100,000,000 Yes 129,150,000 Reserve Fund
Head Office: TOKOHAMA,
Branches and Agencies at
Alexandria
Bangkok
Batavia
Berlin
Bombay
Calentta
Canton
Koji Nagasaki Nagoya
New York
Osaka
Paris
Peiping
Dainen (Dainy) Rangoon
Fengtien (Mukden) Rio de Janeiro
San Francisco
Hamburg
Hankow
Seattle
Harbin
Semarang
Hong Kong.
Shanghai
Honolu
Singapore
Bisinking
Karachi
Sydney
Kobe
Tientsin
London
Manila
Sourabaya
Los Angeles
Tokyo Tsingtau Yingkow Interest allowed for Current Ac
Counts.
Deposits received for fixed periods
at rates to be obtained on applica- tion.
G. KISHINAMI
Hong Kong, 2rd July, 1936.
THE
LIMITED
(Incorporated in China). Head Office-Shanghai
Capital
$7,500,000,00 Reserve
.$1,500,000.00 Branches--All Important Cities in
China.
Coreign Exchange and General Banking Busines
irstnacted.
£31 Mercantile Bank C £14% n Bank of East. Asia $75 b.
Insurances
LOCAL DOLLAR STEADY
Silver Prices Rise
.
The local dollar is steady, open-
00 demand this morning| to-ins
at 1/2-13/162.
Canton Ins. $270 sa. Union Ins $555 b. $560 sa. China Underwriters $1 a. China Fire Ins, $462 n. H.K. Fire Ins. $240 n. International Assoe. Sh.$33⁄41⁄4 n. Shipping
Douglases $30 n. FK. Steambosts $4 n.- Indo-Chinas (Pref.), $30 1. Indo-Chinas (Def.) $20 a. Shells (Bearer) 150/736 *. Union Waterboats $12 a
Docks, etc.
H.K. and Wharves $101% 0. H.A. and W. Docks $14 n. Providents (Old) $1.70 b. Providenta (New) 20 cts. I Hong Kew $185
New Engineering Sh34 1 Shanghai Docks Sh.$81% n
Mining
"Spot" silver rose, 1/16 to 19- 9/16 while "forward" was firm a 1984.
The London on New York cross- Was unchanged at £ - Brate
U.S.$5.03%, while the New York ON London cross-rate was 'un- changed at £ US$5.03-3/16.
COMMODITY PRICES
The following quotations have been received by Reuter-
Prev. Yesterday
This supporter of the 'Radical Spanish Government is passing rifes to the peasants and workers who have joined forces with loyal Spanish troops to keep the rebels from the capital city of Spain. Thousands have trooped into Madrid to defend it against the ap- proaching rebel forces. Note the intense excitement displayed by the man as he shouts a cry of victory while he hands down the fire- arms from a ruined balcony.
Closing Closing
New York Cotton: October
11.48
11.43
December
11.52
11.52
January
11.56
1153
March
1161
11.60
May
11.63
21.62
July
11.60-
1162
Spot
1191
1188
New York Rubber:
September 16.06 October
16.248
16.10
16.272
December
16.22
16.39
January March
16.230
16.42m
16.35a
16.50a
May
16.43
16.591
July
16.47
16.68%
Chicago Wheat:
September
110%
111%
December
110
1084
110 109
A DANCE
Chicago Corn:
September
Balatoes $251⁄2 A.
December
113 97
112%
96
Benguet Consol 724 n.
May
925%
92's
Benguet Exploration 40 ets.
b. Winnipeg Wheat:
October
96
1. sa
974
December
95%
96%
Consolidated Mines 10% ets b. May.
106/11 cta san
96%
97%
RAW RUBBER
Kailan Mining Ad 9/9-a. Langkats (Single) Sh.$5 n S'hai Exploration Sh-$3. Shanghai Loans Sh$$ D. Raubs $11.65 n.
Venz: Goldfield $43% b.
Antamoks $545 b. $5.20/4 sa May Atoks 98 cta. h.
Baguio Gold 56 cts. n.
Big Wedge 64 cta b.
Demonstrations $1.53 b. $1.58 sz Ipo Gold 3634 cts. sa Itogons $2.85 1. IX.L. $2.95 n.
Masbate 95 cts. b $1 s. Northern Mining 54 cts. b. 53
54 cts. sa. Paracale Gumans $1.10 n. Salacot Mining 221⁄2 cts. n. San Mauricio $3.20 n. Suyoc Consol 75/76 cts. sa United Paracales $2.39 ne Gold Greeks 55 cts. b. Gold River 12 cts. s. Santa Rosa 12. cts. n.
Landa, Hotels, etc. HK and S. Hotels 35.65 b
$5.60/34 $3.
ELE Lands $35 b.
ELK. 4% Debentures 105% 1. Shanghai Lands Sh$13 n. Metropolitan Lands Sh. $10 Humphreys $9 1.
Latest Quotations From Singapore
CRASH AFTER
Drink Charge
Follows
CRICKETER ACQUITTED
U.S. AIR LINES IN OPERATION
NEW ADVERTISEMENTS
HONG KONG TRAMWAYS LIMITED
NOTICE TO MONTHLY TICKET HOLDEES
M
[ONTHLY Tickets will be on sale, in future, at the SHOWROOM of the HONG KONG the ELECTRIC COMPANY in Gloucester Building Arcade In- stead of at Messrs. Whiteaway, Laidlaw & Co. Ltd.
September Tickets will be on sale on the 29th & 31st August and the 1st & 2nd September, 1936. The Showroom is open from 9 am to 5 pm. except Saturdays when it closes at 1 pa
F. H. GLOVER Acting General Manager. Hong Kong, 15th August, 1936.
PUBLIC AUCTION
THE
THE Undersigned have received instructions to sell by Public
Auction
Saturday, the 29th. August, 1936, commencing at 11.00 am
at their Sales Room, *
Duddell Street
À Quantity of
VALUABLE HOUSEHOLD
· FURNITURE
also
8 Cash Boxes.
Terms: Cash on Delivery “ LAMMERT BROS.,
Auctioneers.
Hong Kong, 27th August, 1936.
the Department of Commerce keeps all lines up to standard as regards essentials. In fact, there are not in the United States any lair lines so inefficient as are some
European lines.
Several thousand miles of light- (Continued from Page 6) Radio marker beacons at de-led airways were added to the sy finite points on the airways, or stem last year. The number of felds had around air ports.
Two-way radio tion..
emergency landing communica-reached 291 by the beginning of this year; and the work goes on. A charge against Harry Elliott,
Correction of the altimeter On the big routes an air liner is the England and Derbyshire wie-
flight during
for weather never more than 15 miles from a ket-keeper, of driving a car while
changes.
safe landing place. under the influence of drink was
The Clipper ships of Pan The air liners carry two altime unanimously dismissed at Chester-ters, in case of the failure of one. America report every 25 minutes,
field (Derbyshire) last month.
Similar instruments at the ground and their position is checked by It was stated that, after a dance stations are checked against the directional wireless. The positions attended by the Derbyshire and barometer, and any changes of of all surface ships in their Hampshire players, Elliott's
pressure are radio-ed to pilota, vicinity at any moment are knoWIL hit a telegraph pole on the way who are thus able to correct their In the U.S.A, as in other Messrs. H. E. Joseph and home and was damaged.
introduction of own instruments. All over, the countries, the Co. have received
car
the following constable said that he had to world there have been flying acci- wheel brakes and of wing rear- quotations in Straits currency assist Elliott from the car and
dents explainable only on the as-edge flaps brought about a great from Singapore for Raw Rubber.
came to the conclusion that he sumption of reliance upon uncor- increase of efficiency and safety. Buyers
was drunk.
Spot 26% h. Up September 26% h. Up 1⁄4.... Oct-Dec. 27% b. Up 3⁄4. Jan-March 271⁄4 b. Up 1⁄4. Market: Steadier.
REICHSMARK QUOTATIONS
7.
rected altimeters.
Retractable undercarriages and variable-pitch propellers are prác- tically universal, and the United undoubtedly led the world States instruments in their use.
Elliott, who denied having been had three
Many Instruments jdrank, said that he
glasses of mild beer and a ginger The air liners are very fully
with furnished ale, with a dash of brandy.
Berlin, To-day. The Reichs- skid. mark was yesterday quoted, with-
out guarantee, at:-New York Manek.
Current and Sewing Acvvants opened sed Fized Deposita received for con fate of shoesar perioda at runs which will be quoted on application.
SOU Z. CHANG.
HONG KONG BRANCH: 24, Des Yasir Bood, Central Manager'= Off
* Tel. S Faign Exchange Dept., s Compra Ora Cashier's Office
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 éription of banking business transact- ed.
Current Accounts 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.
-Eary` to use
Manager.
Quick action
SHANGHAI COMMERCIAL &
SAVINGS BANK LIMITED (Incorporated in China)
***----*5,000,000. $7,500,000.
Capital paid
Reserves
Capital Savings Dept. $500,000. Reserve Savings Dept $600,009.: Head Office Shanghai
A Bank having as its mission the industrial development on China and the fostering of her commercial relations, abroad. Hong Kong Office we stAR 6, Queen's Boad Central Phone $1116.
Perfect results
POINTS ABOUT
BRASSO
PRINTING
HK Realties $4.70 b. Chinese Estates $80 n. China Eealties Sh44 m. China Debentures Sh.$60 **.
Public Utilities
Tramways $12.40 $12.40/1⁄2 33. Peak Trams (old) $61⁄2 n. Peak Trams (new) $23⁄41⁄4% B. Star Ferries. $89 b.
HE
Yaumati Ferries $204 b.
40.22% Paris 610.5 Amsterdam |59.22 London 12.51%. Paris quot-
Attention To Detail
;་
At the scene of the accident the charts, and radio. The routes road was up and there were red and air ports are remarkably well)
The sudden appli-equipped. There are warning Over and over again I was danger lights. cation of his brakes caused him to lights, landing lights, and differ-struck by the attention to detail. jent coloured beams to signal to For example, I noticed the wheels
pilots.
are drawn up immediately after DUKE'S SURPRISE CALL
Experimental landings in dense the take-off, whereas it has been fog have been carried out, but in a common practice to delay this a considerable The Duke of Kent paid a sur-the U.S.A., as in other countries. operation until ed the pound sterling at 76.42 to prise visit to Morris Motors and this is not yet fully developed. At height has been reached, on the tention is being given to the pos- assumption that a forced landmg 76.44 and the US dollar at Pressed Steel works at Cowley,! 15.18% to 15.19%-Trans-Ocean Oxford, and was conducted round sibility of developing a "radio is easiest with the wheels down in
eye," or some ultra-red ray contri-position. the workshops by Lord Nuffield.
vance, enabling pilots to see other] If a rough landing is to be made Imachines even when hidden in outside an aerodrome, however, it is nearly always best to take it Fog.
Between all the principal cities flat, and not on wheels, and this pilots going one way are separat-actual occurrences. The retract- ed by a safe distans from pilots able undercarriage is a safety Messrs. White, Weld and Com-save the corn crop, although they
factor, as well as an air-resis- pany, New York Correspondents would improve the pasture and fodying in the opposite direction.
Eisk of collision at night, or în tance reducer. If one engine cuts Caution is advisable sa.jfor Messrs. S. E. Levy and Com-der crops.
thick weather, is avoided by a sy-jout when taking-off the tucking up and we would protect any long stem of allotting different pany, report:-
al-of the wheels increases the of- Stocks: We believe that the positions adequately.
b.
Service.
C. Lights (Old) $12 b. 12.40/-
Jy sa
C. Lights (New) $8.90 b. H.K. Electries $531⁄2 b. $533⁄41⁄2 Macao Electrics $20 1. Sandakan Lights $8.30 n. Telephones (Old) $27.70 b Telephones (New) $8.99.h. China Buses Sh$114 Singapore Tractions 29/- Singapore Pref. 28/- n
Industrials
Malabon Sugars $96 1.
Cald, Macg. (Ord.) Sh.81944 n. Cald, Maçg. (Pre£) Sh$15.
Canton Ices $2 z.
Cements $10.35 b. 10.10/
H.K. Ropes $3 b. $3.70% s
Stores, etc.
Dairy Farms 3214 n.
∙Watsons $3.90 1. Lane, Crawfords 36
Mackintosha: $5
2.
Sinceres $3 n.. Win Fowells 40°cts.. 1. Wing On (EE) (50 m..
Cotton Williams Ewo Cotton Sh.37 m.
(ald) Sh
Shanghai Cottons
$700
Shanghai Cottons (new) Sh
Zoong-Singa Sh.$18.
Wing-On Textiles 8h5 25-2
Entertainments $2.99:
New York Share Market the beam" is in operation, and view is supported by several
market will test last Friday's low) Wheat: Sub-normal rains fortitudes, for example, odd thon-ficiency of the aeroplane so that levels very soon and we would con-over three months have left the sands of feet for aeroplanes fly-the pilot bas more time and a tinue to have in mind the possibil-ground caked and dry. Sowing has ing in one direction, and even wider choice for his landing. ity of a full technical correction of been delayed and the threat of thousands for those coming on the
Another striking fact I observed
the rise since April down to around drought damage to the next crop opposite route. Pilots at all times is that on the principal lines medically examined 154 for the Dow Jones industrial adds to the attractiveness of the are in telephonic communication pilots are average and 49 for the railroad market. We would advise positions with ground stations, and receive every month, although the Govern- average. This, however, does not on the long side. Total sales:instructions and warnings as they ment only insists upon two medi-
travel
cal examinations in the year. change our opinion of the long-27.929,000 bushels.
If a pilot does not communicate term outlook and we believe that? Cotton: We feel that the apathy with a ground station every 15-YEAR OLD GIRL'S after adjustment, the major trend on the part of traders towards bull minutes the omission is immedi will continue bullish. Business factors is now disappearing and ately notified, and check calls in {dobe:-910,000 shares.
we would advise the purchase of Corn: Standard deterioration of cotton, avoiding only bulges. Mil
different frequencies are tried. If the corn crop continued through-activity for the past twelve months there is no response, the Depart out August and a most severe corn to be assured. The weather for ment of Commence takes over and
For Five Years shortage is in prospect. Even am the week has been unfavourable in sends out special feelers," on the ple rains would now be too late to Oklahoma, Texas and the Central assumption that the pilor's ordin- Paulice Falvesen is six years Belt, but has been favourable inary apparatus may have failed. If old. And she has not set foot on
again, there is no response, *ldry land for five years. the Eastern Belt.
RECORD
Living On Board Ship
S. C. Enterprises $1.35 ..
She spends her time aboard the Macao "Greyhounds", $2 a. Flash: Average crude oil pro-search is begun in the area in-
Isteamer Aelbryn, of which her duction for the past week is esti-dicated. Constractions. (old) $1% b.
Over had country 10, or even father is the captain. She has al Constractions (new). 40 cts. b. mated at 3,069,000 barrels as som-|
the five minute intervals separate ready been twice around the Vibro Piling $2 bo
pared with 3,070,000 barrels
world the communicating, calls. Ch. Govt. 5% 1925 G$Bds. -- previous week.
Standard Essentials
Now Pauline is going to London
·92% b.
The Edison Electric Institute estimates electricity production at Bat, # may be objected, I am for an eight months, visit
an referring only to the principal Her father is a Norwegian, Her $2,126,000,000 kw.h, which in HK. Govt. 84% Loan par, it increase of 15.5 per cent over the United States lines; the "star mother belongs to Wisbech, in Wallace Harpers $4
corresponding period of last year. Iturns." That is not the case, for Cambridgeshire.
HK Govt. 4% Loan 64% prem.