ارم
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
Lathorised Capital
$50,000,000 |
sssed and Fully-Paid-up. 20,000,000 |
Seserve Funds;— .
Starling ........$ 6,500,000
Hong Kong Currency
Reserve ......$10,000,000
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA
Incorposted by Bayal Chinese, 183,
HEAD OFFICE: LONDON
Paid-up Capital
Seserve Liability of Pro-
prietors
-$20,000,000
Reserve Fund Reserve · Liability of Pro-
prietors
£3,000,000 £3,000,000
£3,000,000
Agencies and Branches:
Live Star
Hangou
HEAD OFFICE: HONG KONG.
BOARD OF DIRECTORS.
Hon. Mr. J. J. Paterson Chakra
+
G. Miskin Eag.. Deputy Chairan.
Hon. Mr. WH. Bell, J.R. Masson Es
A. H. Compton Esq, T. E. Pearce Esq., Hon. Mr. S. M. Dodwell,
J.
Дильна Changk
Boy
Amía Lumpur Locking
ZAMANINĖ
Berwenber Khanghai Mugsport
H
L'entou Ustapors
Cabu
DAN
bong
Plummer £3q4+1 Below
Hon. Mr. M. T. Johnson,
AKOT
A. L. Shields Ext.: V. M. Grayburn, »Esq. Chil Kampm.
BANGKOK
BATAVIA
HOURAY
CALCUTTA CANTOX CHEZDO
COLONIDO
FOOCHOW KAIPHONG HAMBURG HASKOW
HARBIN
HUNGKE
ILOJO
SOFORE
KORE
KOWLOOK
BRANCHES 1-2
KUALA LUMPUR
LONDON LYONS
MALACCA
HUAR (Johms)
MÜNDEN
NEW YORK
FEITING
PENANG
RANGDON
SAIGON
SAN FRANCISCO
BIZANGHALY
SINGAPORE
SUNGE PAWAN
БОСВАМТА
TIENTSIN
TOKYO
TEIKQTLO
YOKON 4MA
Current Accounts oposed in Imeni Ouzvency and Fland Deposits recited for 200 year or surven pertode in Zooal" Cuyancy-and Sheling se sema which mit be rooted on application.
ALSO Ep to date GATE DEPOSIT BOXSA ID varda kims 20 KEL
Hong Kong, 24th February, 1935.
HONG KONG SAVINGS BANK
The Bottom of the stars Bank la conde's
the HONG KONG AND SHANGHAI
B CORPORATION
abovived, op sagliosión,
barbun
拙g Eng
Malax
York
Amping
Ресми
Tang
Depen Joogia
(b)
EMUNDOHETISH
Foreign Exchange and Geoses Banking business
THE CHINA MAIL, WEDNESDAY, SEPTEMBER 23, 1936
NEW
and ADVERTISEMENTS
Commerce
Finance
NEW YORK STOCK MARKET
Future Outlook Uncertain
LOCAL SHARE MARKET
TO-DAY'S QUOTATIONS
The following was the list of local share quotations isaved
Messrs. White, Weld and Com-to-day." pany. New York Correspondents for Messrs. S. E. Levy and Com- pany report:
again
Stocks: Industrials failed to hold their new high ground and the outlook for the ear future is uncertain Al- though the undertone of the mar Cumal Account spread "and Fixed Depoket is still firm, a fair amount of
profit-taking occurred to-day and! there is a possibility of a ten- porary decline before prices again' {advance. We would accordingly adopt a conservative attitude for ¡the present.
1,550,000 shares.
[received for one year or shorter periods së TRAM
welarska vesil he cumsed on application.
The Beck's Reed Ofor ii London vadurtakon Sanentor aud
vvapaić, wa
veouracy of Bellak Jacome. Iaz Seda which may be maonessinet as any vi Agracia and Nesnches.
A BREARLEY,
Manager
Hong Kong, ist January, 1935,
Business done:-
Cotton-A leading cotton au- thority states that the last figures į
THE CHINA & SOUTH SEA BANK, for World consumption amounted
UIMITED
(Incorporated in China) Head Office--Shanghai
Capital
5.$7,000,100.00 Reserve
$1,500,000.00 Branches -- All Important Cities in
Chip
{trazimycund.
Foenign Exchange sol General Backing Bus Current and baring door oprost and Find Depolls routed or our pier or shorter par
ng ruim wich will be quòcać ov application.
BOU. Z. CZÍNTE
Slanger.
HOSG_LONG_BRANCH :
34. Des Yeux Bowd, Central, Manager's Offos momentosanna Tal 38365 Jorm hangs Dept, spava
FOR THE HONG KONG AND SHANGHAI | General Udine BANKING CORPORATION.
7. M. OPATBURK,
Hong Kong, 24th February, 1936.
THE BANK OF EAST ASIA, LTD.
Borland Capital
Paid-up Capitai.
110,000,000,00
Beserve and Codivided Profta # 2,685,3OSITI
HEAD OFFICE:-BONO KOSO.
13. Das Vaux Road, Coctan
BOLED OF DIRECTORS ----
Hon. Siz Shou-son Chow, Chairman. Like Chua, Esq. P. Z. Kwok, Esq., Wang Jah Jong, Eng Chan Caing Khan, Late Fed a ton, and Tan Tite Lati Lan
P. Eng.
MOT
(Tane Po, Engú. Chist Msangue.
BELSCHES AND AGENCIES:-
Bataby Calcula Carp
Haiphong Rasbow Kashela
Manila
Price Peiping
Emai
Costlier's USOR
THE WING ON BANK, LTD.
Head Office: Hong Kong 26, Des Voeux Road Central
Authorised Capital $1,000,000
LONDON BANKERS:— Westminster Bank, Ltd.
to 27,729,000 bales, which exceed- ed the previous record by 1,951,- 1000 bales.
The last figures for World production amounted to; 26,262,000 bales. We think that prices at present are approaching bottom in the current movement; and we would advise purchases at around the present level, anti- cipating an advance before very
cob-
Rubber:-Despite good [sumption figures and general ex- pectation of unchanged quotas, speculation is confined to side- lines only.
Flash: The Commonwealth | land Southern Corporation has! [carned. $11.312,251 for the year) lending August 31st, as compared with $8,222,412 for the corres- (ponding period of last year.
Foreign Exchange and every dea- COMMODITY PRICES
|cription of banking business transact-
ed.
Current Accounts and Savings Ac-¡ The following quotations have ceived at rates which will be quoted counts opened. Fixed Deposits re-been received by Renter-
on application.
Trusteeship & Executorship under-
Safe Deposit Boxes for hire.
PHILIP GOCE CHIN, Chief Manager.
taken.
New York Cotton: October
December
January
March
Speed Wi
Shanghai
Singapore
Sourabaya
May
THE MERCANTILE BANK OF July
Melbourn
Sagaanki
Sew York
25 Barakamo
Syd
Kobe Kowloom Ladon
Sax Tendinop
Thattsin Tatto Vancouve Tokoka.ma
:
Priang Bagoon
INDIA, LTD.
HEAD OFFICE:
Every description of Banking and Exchange business transacted. Losna greased ou appeared!
CUTTING.
Current Arécente opened is Loost Curry and and Deposite Mosited for one
aborter period in Loen? and Poesign Cornocien on terms which will be quoted (as applicatio
Safe Deposis Base To Le
KAS TONG PO,
Chiet Manage.
Paid-up Capital ...
Reserve Fund & Rest 1,217,830
BANKERS:
The Bank of England & Xidland Bank Lt
Banka
HK. Bank $1610 b HR (Lon. Red) 103 Chartered Bank $151; n. Mercantile Bank A and B)
£31. Mercantile Bank C. £14% D. Bank of East Asia $50 1.
Insurances
Canton Ins. $270 11. Unios Ins. $580 b.
China Underwriters 31 1. China Fire Ins. $462 n. HK. Fire Ins. $255 ». International Assee. Sh.34 m
Shipping
Douglases $30 m H.K. Steamboats $4 n. Indo-Chinas (Pref.); $30 z Indo-Chinas (Def.) S20 m. Shell (Bearer) $113/9 m. Union Waterboats $12 n.
Docks, etc.
H.K. and K. Wharves $113
113 ea
H.K. and W. Docks 813 Pro-idents (OW) $2.65
$20/.70.
• Providents (New) 20 cts. 1. Hong Kew $135 m.
New Bagineering Sh.#4_n. Shanghai Docks Sh.$81% .
Mini K
Kilan Mining Ad 10/6 m. Langkats (Single) Sh$31⁄2 1- S'hai Exploration Sh.$2 m Shanghai Loans Sh.42 n. Raubs $11.35 b.
Venz: Goldfield $441 n. Antamoks $5,40 b. Atoks $1.16 ± Baguio Gold 62 ets. s. Balatocs $24 n.
Benguet Consol $2334
PUBLIC AUCTION
*NHE Bad
OUR TRIP FO
Instructions.
by Enblic
Auction
YIA CANADA
IN 1937
Friday, the 25th. September, 1336) commencing at 10.30 am
at No. 1 Carnarvon Building,
Kowloon, high
A. Quantity of VALUABLE HOUSEHOLD
FURNITURE
On View from Thursday, the 24th September, 1936. --
Terms: Cash on Delivery LAMMERT BROS.,
Auctioneers
Hong Kong, 23rd Sept., 1936.
WEAKNESS OF GUILDER
Roundabout Process. Adopted
TO ENSURE PARTICIPATION. IN BENEFITS
London, To-day. The weakness of the guilder, carrying the Spot price to 7.49 and the three months' discount b.to & appears to show that at least Dutch nationals take the b.League of Nations'. · Financial b. Committee's report seriously. The report recommends de valuation by the gold bloc coun- tries, and appears to have re- sulted in heavy Amsterdam offerings of guilders in Paris for subsequent conversion into sterling. The adoption of the roundabout process ensures participation in the benefit to be derived from the support accorded to the franc by the British control, which is not extended to the guilder.
The widening of the forward: guilder discount is attributed to forward speculative sales, accentuating the weakness
Benguet Exploration 50 cts. b. caused by transactions on the
50 cts. sa
Big Wedge 83 cis. 53. Consolidated Mines 10
part of genuine traders, insur- ing contra-contingency devalua- cts. b. tion. The latter kind of deal
10/11 cts. Nå Demonstration $1.48 3. 1.48 Gold Greeks 50 cts. n. Gold River 12 cts ...
Mambulan 80 ets. n.
Northern Mining 55 cts.
Paracale Gumans $1.10 n. Salacot 20 cts. n
Prev. Yesterday
Closing Closing
1178
11.84
11.81
11-89
1180
11.88
11.81
11.88
po Gold 40 cts. 1.
11.80
11.84
LXL $3.12 n.
11.65
1172
Itogons $3.36 ¤. ::
Spet
12.16
12.23
New York Rubber:
Masbate $101 32
14. Gracechach baret; Louder, XC.z. Authorised Capital ... £3,000,000
September October
16.50b
16.500
16.51b 16.510
Subscribed Capital
1,800,000
1,650,000
December January March
16.62
16.64
16.633
16.663
16.742
16.73
May
16.82a
16.80
July
16.92a
16.900
New York
Chicago Wheat;
Pomurs
-Fort Louis
September
11434
-116A
ya ha
Mauritiu Hangov
December
113
shangai
Kuten (Ping)
May
1127
· 115% 114
Mionda
Nadia
Singapore
Chicago Corn:
September
1113
1097
H
943
36
E.
May
8971
903%
4) Winnipeg Wheat:
October
108
1097
December May
10634
108%
HK Realties $5.65 b.
108%
110%
Chinese Estates $78
Bangkok
Bombay
Calcutta
Colombo
Delani
Galia
Itung Kong
Butth
BRANCHES:
Ipol
Kandy
Kota Bhar
barechi
Kaula Lipis
Kuala Lumpur
THE YOKOHAMA SPECIE BANK LIMITED
Established 1880
Capital (full paid-up) Yea100,000,000 Reserve Fund...Yen.130,900,000
Head Offer: YOKOHAMA
Branches and Agencies at Alexandria
Moji Nagasaki
HONG KONG BRANCH,
Every Jescripta of Bending and Labs December businers, tratemcted.
Traveller Cheques jesued.
Truse and Lancutorships undertaken. INTEREST owed on Currant court. Fixed Deposits at Zace that they be excersion for application..
R. KENNEDY. '
XICKELY.
Bangkok
Berlin
Bombay
Calcutta
Canton
Dairen (Dzing)
Nagoya
New York
Osaka
Paris
Peiping
Rangoon
Fengtien (Makler) Rio de Janmizo
Hamburg
Hankow
Harbin
Hong Kong.
Honolula
Hsinking
Karachi
Kobe
London
Los Angeles Maria
San Francisco
- Interest allowed for "Gorrent de- counts.
Deposits received for fixed periods at rates to be obtained on applies- tion.
G. KISHINAMI. *
Manager. Hong Kong, 11th September, 1938.|
THE
SHANGHAI COMMERCIAL &
·SAVINGS BANK LIMITED (Incorporated in China)
Capital peld sp............. $5,000,000. Reserves
$7,500,00 Capital Savings Dept. $600,000. Reserve Savings Dept. 2600,000.
Hand-Obce-Shamadani,
A Bank having as ite mission the industrial development ou China and the fostering of her commercial relations abroad. Hong Kong Cl
* Queen's Road Contzal
**Phase 21116.
2. Queen", "Boed. Central,
Bang Mong, Mih July, 1905.
TRAVEL
PASSAGES BOOKED
AT
TARIFF RATES
ON
ALL LINES
THE AMERICAN EXPRESS CO., INC.
Incrporated with Limited Liability in U.S.A.
No. 4, Des Voeux Road, Central
San Mauricio $4.45 b. 4.48 BL Santa Rosa 16 cts. b. 17 ets, sa. Suyoe Consol $1.26 122/26
32.
United Paracales. $2.48 s. 248
Mother Lode 63 cts. 38-
Lands. Hotels, etc.
H.K. and S. Hotels $6.34 b. 6%
Lands $41 b. $41 s2. 4% Debentures 105% I Shanghai Lands Sh.$13 n. Metropolitan Lands Sh$10 m.. Humphreys $914 b.
China -Realties Sh-$4. China Debentures Sh$60 n.
Public Utilities
H.K. Tramways $121⁄2 se Peak Trams (old) -$61. Peak Trams (new) $2% 12. Star Ferries $951⁄2 b. Yaumati Ferries $2214 n.
C. Light (Old) $15.70 * - $16.55/* sa.
C. Lights (New) $12 b. H.K. Electrics $55 b. Macin Electrics 120 n. Sandakan Lights $8.30 n. Telephones (Old) 831; sa. Telephones (New) $1134 b. 11.80
China Busen Shil1⁄44 Singapore Tractions 29,- . Singapore Pref. 18/- ¤
Industrials
Malabon Sugars 191⁄2'n. Cald., Marg. (Ord.) Sh$191⁄2- Caid, Macg (Pref-) Sh$15. Canton Ices $2.20 b.
D.
Cement $12.40 h. 12.60 sa.
HL.K. Ropes $4.10 8.
Stores, etc.
Dairy Farms $27% b. 23 sa: Watson $485...
Lane Crawfords $61⁄2 n. -Macklatosha -$5. 1.
Sinceres $3 TL
Wza: Howells; 40°eta:
Wing On (HK) 350 n.
Cotton MU
Ewo Cottons Sh18.30 h.
Shanghai Cottons (old) Sh
is still almost solely responsible for a further falling away of the forward franc in the one
Beuter. way market.
TRADE MISSION TO EAST
Canadian Visitors Planning Trip
HONG KONG INCLUDED IN ITINERARY
Montreal,
With the purpose of seeking to expand trade relations, a Canadian
trade mission to the Orient is planning to leave, Vancouver on January 19, 1937.
The mission is under the
facturers' Association.
Extensive Tour
NEXT SAILING TO VANCOUVER EMPRESS OF RUSSIA AT NOON, FRIDAŤ OCTOBER 2nd OCTOBER
Steamer
E/Canada E/Russia
E/Japon
E/Asis
E/Canada E/Russia E/Japan EfAsia E/Canada E/Russia E/Japan
Hong
1937 SAILINGS
Vancouver Kong Shanghai Kobe Yokohama Honolulu Victoria
Leave Arricc Learc
Leave Leave Arrite Jan. 26 Jan. 23. Jan. 31 Feb. 2 Feb 9 Feb. 14
Feb. 12 Feb. 16 Feb. 18.
Feb. 27 Feb. 23 Feb. 25 Feb. 29 Mar Mar. & Mar, 13"
Mar. 10 Mar. 12 Mar. 16 Mar. 18
Max. 27 Mar. 19 Mar. 21 Mar. 24 Mar. 26 April 2 Apri 7 April 2 April 4 April 6 April 10
April 19 April 16 April 18 April 21 April 23 April 29 May 4. April 30 May 2 May 6 May 8
May 17 May 14 May 16 May 19 May 21 May 28 June 2 May 28 May 30 Juze 3 June 5 June 12 June 18 June 11 June 18 June 16 June 18 June 24 June 29
For Information Apply To Your Own Agent Or
In asso
Canadian Pacific Canadian
SPANS THE WORLD
THE
Tel. 20752
HONG KONG
PENINSULA HOTEL;
HONG KONG HOTEL: REPULSE BAY HOTEL
& SHANGHAL
ASTOR HOUSE; PALACE HOTEL,
HOTELS,
LIMITED
with the Grand Hotel des Wagons Lits, Peiping
FINANCE AND OECONOMICS
Return Of World Prosperity
FRANCE'S OPINIONS
CRINA MAIL ** SPECIAL
Geneva. Today,
TEXTILE TRADE FOR BRITAIN.
Coronation Prospects Help Advance
London, To-day,
In anticipation of the demand
Indus
for space at the British
tries Fair in the Coronation year
What steps, in the opinion of the Fair management committee aus-France, must be taken to ensure have decided on an important ex- pices of the Canadian Chamber of the return of world prosperity, tension of the Fair buildings at Commerce, with the support were set forth in a report on the Birmingham, which will result in the Dominion Department of
possibilities of a resumption of the quadrupling of the original Trade and Commerce and the co-international collaboration in area of 1920. operation of the Canadian Manueconomic and financial affairs, The bookings for the Textiles submitted to the League of Na-Section in the new Earl's Court {tions yesterday, - ***
Building already indicate the The mission contemplates visit- The Finance Committee declar-effect of the Coronation dress de ing Honolulu, Shanghai, Nanking, ed itself in complete accord with mands on the fortunes of the cot Hong Kong, Canton, Saigon, Arg- the conclusions drawn by the ton, woollen and rayon industries." kor, Bangkok. Singapore, Yoko-Economic Committee recently, es-The exports of British textile hara, Kobe and Nagasaki: possibpecially as regards the latter's ex-manufactures from January to by also Peiping. Mukden, Sealpressed conviction that a return August this year are nearly and Tokyo.
to normal international economic (£3,000,000 ahead of the same The party will return to Canada relations depends upon an adjust-period last year, and a continued Jon April 7, 1937.
ment of the price-levels in the increase of overseas demand for The object of the mission is, by various countries. The Committee United Kingdom textiles is m friendy furthermore is of the option that pected Britfal Wireless Service Personal contacts and open discussions to extend the cach country might to solve Es
.
corridats of commerce on the town currency problem, and that BRITISH EXCHEQUER RETURNS post and export sides with the an international conference on 223 MONTAG countries visited.
this point would have no prov London, to-day-The Exche Round-table conferences are be spects of success at present-quer returns show that the total ing arranged at the principal Trans-Ocean Service, senordinary revente amounts to cities included in the itinerary,
06 £272,139,270; compared with £277, Beuter.
522,000 at the corresponding date expenditure is £248,220,568, com of last year "The total ordinary
pared with £333,368,957 at the fcorresponding date of 1935.-Erl-
tish Wireless Service.
Zoong Sings Sh‡18 b. Wing On-Textiles Sk.$25. n. ***Miscellaneots
Entertainments, $3.
8. C. Enterprises $1.35 n. Macao "Greyhomali” $2 n. Constructions(old) $134 1. Constructions (new) 50 cts. 4. Vibro Piling $42 b
Ch. Govt. 5% 1925; GƒBdr. **
92% 5.
LOCAL DOLLAR
RISES
Silver Prices Fall
The local dollar has risen 1/32, opening on demand this morning at 1/2 25/32.
REICHSMARK QUOTATIONS
"Spot" silver rose 1/16 to 191⁄2 Berlin. to-day-The Reichs- while "forward" also rose 1/16.to mark was quoted yesterday with- 19/2
» out guarantees at: New York The London on New York cruss" 40.21, París, #10.25; Amsterdam, rate was unchanged at £ US 52- 59.26; and London, 12595.,
H.K. Govt. 4% Loan 8% prem 06%, while the New York on Paris quoted the Pound sterling
London cross, rate, was quoted at 76.31 to 7994, and the US. Shanghai Cottons (new) She HK Govt. 34% Loan par bat £US $5.07%, as compared dollar at 15.189 to 15.191
$89/1
Wallace Harpers $41⁄21⁄2"
|Océair Service.
|with £--US$5.06-5/16