BANKS
HONG KONG AND SHANGHAI
BANKING CORPORATION
Anthorised. Capital
Fossed and Fully-Paid-up
Reserve Fundaz
Sterling.....£ 6,600,000
Hong Kong Currency
..................$10,000,000
Busesta Láability of Pra-
prietors
TRAD OFFICE: HONG KONG.
BOARD OF DIRECTORS.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA'
THE CHINA MAH, THIRRSDAY, NOVEMBER 5, 1936
Commerce and
Finance
LOCAL SHARE MARKET
TO-DAY'S QUOTATIONS
The following was the list kcal share quotations issued to
20,000,000
Infotrommal, ky “Regul Chector, 1963. HEAD OFFICE: LONDON
0,000
Paid-up Capital ---
Beserve. Rability of Pr-
Agentlig and Branches:
00,000
Epok
Yung
Kasi Lampar - Mangagors
day-
Banks
Bee Ima
Tongbai
H.K. Bank $1675 BID. HK (LOL. Reg.) #1061⁄2 a Chartered Bank' £153⁄41⁄2 1 Mercantile Bank A. and
$3214 Mercantile Bank C. 414% n Bank of East Asiz $83 n.
B
Hon. Mr. J. J. Paterson.
1. B. Masson. Eaq4. A. Compton Esq., T. E. Pearce Tag. Demiu Hon. Mr. S. M. Dodwill,
TA. Plazmer. Eaju Banten
AL. Shields Egong Imit
Edo. Ms. H. T. Johnson,
AMOT
V. M. Graybum, Esq.
HUULPHONG
MARKIN
BONGI
ILOILO
ДРОН
JOHORE
KRABA LUMPUR
LEDON JAYONS
MUAR, Lakota) MAINED AN
NEW YORK
PENING
Z3000X
BLOCK
SAN FRANCISCO
SHANGHAI
BFG POLLE
BURAZ
SUSGEL ZALAXE
VIENDSZE
TOKTO
TSEND TAO YOKOHAMA
Overack Aduouata viimed in Level Cucency and Plane Dupesčiu mod992%, for mans' just we shorter pacifio be Lam) Osching at Blacking on se
jenny will be quiet ver videoski soxes in
45:30 mp to date KAYE docious minu 20 LEI.
Hong Kong, 24th February, 1938.“
HONG KONG SAVINGS BANK-
The Denison of the shòng Tina's in eva BANK und by the 1ONG KONG AND BHANGELI
Jafat may d BAKING OURPORATION.
RONG LONG AND SHANGILI BANKING CORPORATION.
V. GLATBUREA
Hong Kong, 24th February, 1236.
THE BANK OF EAST ASIA”
HEAD OFFICE --HONG KONG.
Das Tees Hood, Canbe
OF EMRECTORS:
BOLED OF
Hon. Sir Shou-son Chow, Chaietan
Fordlys Buchungs and Gonen) Sinticing hominem Cheras Bankas opened, aut Fized Depozito! zacevad. Sar_ana_your`a shorter persons as "Lates
ONGDPICY - GG Dettak, Jagna. Ese anaepois de (aponcine and Benches.
A BREAKLEY,
Managet. Hong Kong, lit January, 1985,
THE CHINA & SOUTH SEA BANK,
LIMITED
(Incorporsted in China) Head Ofice-Shanghai
......$7,500,000,00 ..$1,500,000.00
Capita Reserve Branches -- All Important Cities in
Ching
Formas, Etchange alt Gumral Bucking Businege Gece and bering Sonosats appeal and Final
MACNÉ SPEND 20 2006 vs JE PALINES Maandoer
NÁ ZORAK, Wäven yill be gained an appliancio.
Manager.
HONG KONG BRANCH: 3. Das Vans Boat, Comuni Manager & Urban 'momen Young Sicheng Degt, wom
Chomer's Oder me
THE WING ON BANT. LTD.
Head Office: Hong Kong Altonseed Capital $10,000,000
LONDON BATTER,S Westminster Bank, Ltd. Foreign Exchange and every des ription of banking business transact-
Savings Ac
La Soon Class, 204, 2°C Kud, ZAG. Tan): Current Accounts
Fixed DeposITS ZE-
hang, Let Kong Cân tm, Hop, vẻ em Toved at rates which will be quoted
BRONCHES AND 1033008 -
Mandy Malimatcom
Osaka
Hentow
Bestee 3ydacy
Karoon
Sex Franciave
Yaacouver Yokoha:34
Timiza
Ez description of Desiting sad Zzzbange Low grated cu apgeomé
on_application.
Trusteeship & Executorship under-
Safe Deposit Boxes for hire.
PHILIP GOCK CHEN, Chief Manager.
יי
THE
Insurances
Canton Ins. $265 38.
NEW YORK SHARE MARKET
Unión Ins. $600 b., $600/605 sa, ther China Underwriters $1 a. HAR Fire Ins. $255 m.
Early Buying In Cotton
INDUSTRIALS 'REACH 180 GOAL AVERAGE
COLONY'S RELATIONS ADVERTISEMENTS
WITH CANTON
SPEECHS AT OFFICIAL-
BANQUET
FRIENDSHIP AND CO-OPERATION
WANTED
Representative And Cashier for Hong Kong
HANS BOEHM Vienna, X.
Mayor's Speech
- In the course of his speech Mr.
His Excellency General Huang Mu-sang, His Honour Mr. Tseng Yang-fu and members of the Canton party who are now on an informal visit to Hong Kong, had a very busy day yester day, for in addition to the luncheon party at Government" House Messrs. White, Weld & Com- and visit to Shing Mun in the afternoon, a banquet was given in pany, New York, Correspondents the evening by His Excellency the Governor and Lady Calfecott for Messrs. S. E. Levy & Comat Government House.
In the speech of the evening. His Excellency the Governor re- Tseng Yang-fu said in part:
It is with the greatest pleasure pany, report:--
Stocks. The combination of vari-ferred to the friendly relations existing between Hong Kong and ous factors, including relief that Canton, and proposed the toast of "The Republic of China that I avail myself of this oppor the Election is over the excess Other toasts, honoured were "The King proposed by General tunity to say a few words to ex- cash which was held until the Huang Mu-sung." "Canton,” proposed by the Governor, and "Hong press my very sincere appreciation and thanks for the warm welcome Election results were known, su-Kong," proposed by Mr. Tseng Yang-fu.
(you have accorded us since our Įticipation of substantial year-end
extra dividends and fear of for In proposing the toast to theftion that we carried away with us arrival this morning. My wife. not only these beautiful memories and I consider it a great fortune? Government visiters, Sir Andrew said: unrestrained
I must ask your permission and souvenirs but the abiding to have the privilege of paying- spending with accompanying inda- tion, all together resulted in the to introduce the toast of "Our friendship of our hosts; and so itlour first visit to Hong Kong since International Assce. Sh. $3% ni largest market of this year. The Distinguished Visitors" on an was that we were emboldened to my transfer to South China, and attempt to readjust holdings caus-intimate rather than an official greet them this morning as al-of meeting you and making your the note, because I want to say how ready old friends, and we are espersonal acquaintance on an occa-* ed a four-paint increase in Industrial Average, a fractional in-personally delighted my wife pecially delighted that His Hon-alon which I believe will have am crease in rails and a one-point loss and I are to be able to recipro our the Mayor, who was unfor important bearing on the future ir utilities. From the technical cate, albeit inadequately and intimately indisposed at the time of relationship between Hong Kong stand-point, this showing means perfectly, the wonderful wel-our visit, is thoroughly restored and Canton, and we have been deep- and princely hospitality to health and able, together with impressed by the wonderful little: Industrials have reached
reconstruction and more so by the the 180 goal in the average, but with which we were received on his charming lady, to grace our strides Hong Kong has made in
recent visit to Can-board this evening.
warmth and friendliness with- rails have from three to four points
We ton
can never for- The greatest of philosophers to go to confirm their standing and
In desire to saure you that Can- we doubt if they can make the set the incidents of those two has placed the good things of life which we have been received.
days; that evening meeting in three categories: those that grade. We believe, therefore, that with the Generalissimo and his are good in themselves, those that reciprocate your friendship but will fton 'will not only be prepared to a technical reaction possibly of charming and gracious consort are good by reason of their work for such mutual co-operation fair proportions, will follow, as at Whampoa, when the magic suits, and those that are good soon as the factors mentioned, slices of the sunset let loose on both in themselves and in their other than unforeseen factors have land and river such a flood of resalts. Friendship, Ladies and spent their force and we would gold that the very earth and Gentlemen, is in the third cate-
The Chinese people in their rela-- continue to use atopless orders sky seemed to reflect the rich The need for co-operation tions and dealings with others have Business done: 3,290,000 shares.warmth of their kindly recep-between Canton and Hong Kong always stressed peace and friend-
Wheat: There was a little buy-tion of us
56, thanks God, so universally reship I beneve I am not wrong in ing on the theory that Roosevelt's
cognised by all of us in this Co- saying that love of pešce is an out-
Shipping
Douglaser $30.
H.K. Steimboats $63⁄41⁄2 ». Indo-Chinas (Pref.) $35 n Indo-Chinas (Def) $36 IL Shells (Baarer). 118/F1⁄2 n. Union Waterbosts $1071⁄2 n.
Docks, etc.
FK and K. Wharves $110 2. EK and W. Docks $121. Providents (018) $210 2. Providents (New) `20 cts. n. New Engineering Sh.$4. Shanghai Docks Sh.81% D
Mining
Kailan Mining Ad. 13/16 n Rafbs $12 b.
Vent: Goldfeld $5% b.
Lands, Hotels, etc. H.K. and S. Hotels $10
$6.10 sa
#K. Lands 959's. H. 45Debentures "105% n Shanghai Lands Sh. $13 n. Metropolitan Lands Sh$10 u Humphreys $91⁄2 DL H.K. Realties $51⁄2 - Chinese Estates $78.. China Realties Sh.34 z. China Debentures Sh$60 E
PHILIPPINE MENING
Opening Sales
Eater Locat In Pesos Currency.
7.13
AMERICAN EXPRESS COMPANY, Balatoe Mining
INC.
Head Office: 65, Broadway. ·
New York
Lomb Current Amethy", "ppened, shocker periode Ya Zini, and Youlga Cizrensian -Sale Deposis Doses To ...
KAY TOHO J
Catency
Capitad
Serples
THE YOKJERMA-SPECIE-BANK LIMITED
Established 1880
Capital (fuil paid-up) Yen.200,000,000
Beterre Fund
Head Office: YOKOHAMA
Branches and Agencies at
Moji
Alexandria.
Bangkok
Batavia
Berlin
Bombay
Calcutta
Catton
Diäten (Driny)
Yea 130,900,000
Nagasaki
Nagoya
New York
Pariz
Czaka
Peiping Bangoon
Fenstien (Minkden) Rio de Janeiro
San Francisco Seattle
Hamburg Henkow
Barbin
Hong Roar
Honolula
Esinking
Karachi
Kobe
London
Angeles
Semarang
Shanghai
•
Singapore Sourabaya Sydney Tientsin Tokyo Tsingtan Mazzila
Tingkow `Interest Allowed for Current Ac- codiats.
Deposits received for fixed periods at rates to be obtained on applica tion.
G. KISHINAMI
Manige. Hong Kong, 11th Septembe2;21936.
THE
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China)
$5,000,0
Figital phid sy
Capital Bayings Deut. £50
industrial development Chen and the fostering of commercial relations" abroad. Hing King Ofles - Ça
4. Quem's Read Central
Reserved
BRANCHES:
Athen
ASMINE Kuala Berian
Guide
The Bagan Harade
Haugeberg
Насильнов Louben.....
MAN
phanchal Southampton bungapor
"
come
[our
7
Parting Gifts
gory.
and assistance as would enable our riendly relations to show concrete results.
Continued acreage control, but the journey up- the river by launch ky that there is no need for me standing quality of the Chinese
Bonds Strengthened
b., success in the Election indicates. And then come that moonlit
to repent here to-night what Tekfracter and the spirit of friend- Election otherwise had no effect on until the great city of Canton gali at the last session of our Le-ship is one of our underlying moral the mafket Total sales:=-12,251,-rose up on either side of as in
gislative Council
principles. Throughout our his..." ́ 000 bushels
tiers of coloured light and shade;}
Abiding Friendship
tory of more than 4,000 years our Cotton: One result of the Eleo-[high junker towered against the
and But you cannot have co-opera-great sages philosophers trou on the cotton market was ear-(stars in” patéhës of dark silence, tion without mutual understand-statesmen have favoured peace and ly buying by foreign interests. We while all around the water teeming, and one's first duty to one's haemory among nations. anticipate that the present farmed with the sleepless traffic of neighbour is to get to know him policy will be continued by the Ad-smaller craft.
and his needs and to let him get minstration and we also expect an The next morning saw us to know you and yours. This pro- It is to be noted with gratifica- increase in exports over last year.]the splendid University of
cess requires, just as all physicalition that in recent years the bonds We recommend purchases on any Chungshan where Learning
processes require, suitable condi-of Anglo-Chinese friendship; have": dwells, not cramped by the con- tions of temperature and atmos greatly strengthened. The Chinese set-bacics,
Flash: Average crade oil produc-fines of city tenements, busphere: the essential psychological people appreciate your Increasingly tion for the past week is estimat crowned by the bins and sky in condition for, the establishment of friendly spirit as manifested in the 655ed at 3,043,000 barrels, compared a spacions country seat of broad mutual understanding, and there material support which the British - to the Chin- with 3,083,000 barrels the previous acres and hardly halls, Nors by of co-operation, is, believe me, Government has given to the
anybody who has once seen them spirit of friendship. And there ese currency staffcation scheme week.
ever forger the triumph of fore I pray and hope and trust and in its more recent action in Chinese architecture in the that, whatever faults or imperfefending huge export, credits to stately Sun Yat Sen Memorial tions there may have been the China. We are appreciative of 188/,90)
The following quotations have Hall or the elegance of the Muni-organisation or execution of ourtyour country's scurve interest in
tour in which cipal' Building” în
Share and we know that the arrangements for this happy visit, our welfare, and gets been received by Reater:
Pray Testerday guests of this evening entertäis our guests will leave Hong Kong
we are receiving will Closing Closing: fed me at lunch in true gargan-with the same feeling at that will stimulate our people to
tuan style.
which my wife and I left Canton exons in the path of nation And- finaBy, as » though » this sense of abiding friendship COVELY treasure store for the memory And in that hope and trust I Our national leader, Generalis- were not a sufficient gift to their ask you, Ladies and Gentlemen simo Chiang Kai-shek, believes visitors, our hosts presented us at of Hong Kong, to rise and drink that national relations must be parting with exquisitely chased to the health of our distinguished built on the foundation of genuine orriaments of rare Chinese crafts visitors, associating, the toast friendship and he boys, that Bri- manship aary and metal with the names of His Excelency tish friendship is to be much de which I invite you all to see for the Chairman of the Provincial red. He told a prominent news yourselves for the drawing room Government of Kwangtang and correspondent in the course of an after dinner.
His Honour the Mayor of Canton. interview
COMMODITY PRICES
11.60
our
Stock
Antamoks
Atoks
Baguio Gold
-35
Benguet Consol
.13
Incorporated" "will"" "Lacinha" Zinbility un'osa'
Benguet Explor
20
36 cts:
Big Wedge
Consolidated Mines
Demonstrations
1.10
Ipo Gold
26
UL. Invest
14
2,240
897,61265
LIL
2.25
Itogons
240
Masbate Consol
_58
Northern Mining
Z
Kew York Cotton: December
Parscale. Gemmaus
8
Malga
Salvet Wing
January
IL.64 1160 11.78
11.81
San Mauricio Suyoe Consel
3.69
March
72
May
11.66 11.68.
Pars
resping
United Paracales... 2.15 Mambulao
July
11.82 11.86 11.22
50
October
11.19
Spot
12.08
12.25
New York Rubber.
December
17.15a
January
17,150
17.46 17.48n
March
17.19
17.53
May
17.22
17.560
July
17.25
17.600
September
17.30
17.65
Chicago Wheat:
December
114%.
11434
May
1127
113%
July
937$
99%
Chicago Corn
December
95%
May July
90 90%
→ CHINA MAIL" SPECIAL
Belgrade, to-day.
.
Winnipeg Whext-
November
December
May
106% 104 10054
Drunk
Calcutta Сыны Combo Copenhage Edipharsk Floren
صحاب الله
Leverpost ŽALOMONŰ Lugand Marcetin
Vienka
Monte Cache
Vade
Zurich
Express Branches of ASCRI Company in Principal cities of United States of America and Canada.
All classes of Conimentál Banking, Transactions undertaker"
Ind.
Personal investment accounts hand-
The Company enters to intending Travellers the use of its "D-svellers Cheques" and Letters at Credit and, in addition, the world-wide services of its thoroughly equipped : Travel Department.
C. EL BENSON.
Genazar" Manager.
COASTWISE
“ALGIE" BENNETT.
An
interesting
of Cartoons depic
Mama Coast.
FRICH LO
Now on ade at
The Newspapac
Public Utilities H.K. Tramways $1210 b. Peak Trams (old) $64 1 Peak Trams (new) $23⁄4 n. Star Ferries $93 n. Yaumati Ferries $25 b. C. Lights (Old) $14 n. C. Lights (New $10 b., & 52 HE. Electric $53% sa. Macao Electrics $20 2 Sandakan Lights $8.30 n. Telephones (Old) $29. Telephones (New) $10.65 2 China Buses Sh.$111⁄4 n. * Singapore Tractions 27/- n. Singapore Pref. 27/— n.
Industrials
Cald. Macy. (Ord) Sa$191⁄21⁄2 a Cald, Macg. (Pref.) Sh$15 n. Canton Ices $2.20 a Cements $1169 a. ELK. Ropes $3.90 n.
Stores, etc.
Dairy Farms $22 m.
Watsons $4.35 n
Lane Crawfords $63⁄41⁄2 Sinteres 3:1
-
Wing OTHX) $50 -
Cotton Mills
Canton And Kong Kong But what my wife and I trea sured most of all was the convic-
YUGOSLAVIA'S AIR REQUIREMENTS
Government Buys Factory Shares
B
་།
wwe. we.
at Whampoa that it was his lifelong ambition to pro-- -- General Huang's Reply
mote a relationship of true and. Acknowledging the toast, Generlasting friendship between Great al Huang Musung said in part: Britain and China.
To-day, in accordance with in Here down in the south we hope structions from
with Generalissimo that Chiang Kai-shek, we have come to achieved
political
and
stability certain with return Your Excellency's visit. I obstacles to trade removed, it will feel much honoured and thankful be possible to inaugurate a new for the overwhelming welcome aceea in the relations between Hong corded to us." It is my great re- Eong and Canton. gret that owing to pressure of
work the arrangements made for
.......
Co-operation Invited Your Excellency Calde-For the restoration
of pro-
30% The Yugoslavian Government our Beer and Lady Calder sperity of our city we are embark
had bought shares in an aeroplane crude and I feel that we do not ng upon a gigantic programme factory near Belgrade hitherto in deserve the praise Your Excellency of economic reconstruction and in 108% French hands, said the Minister has just showered upon us. I am this connection we require foreign..
"(Continued on Page 11). 106% of Finance yesterday, addressing greatly impressed by Your Ex- 107% the press. The output of the fac-cellency's remarks regarding
LOCAL DOLLAR
RISES
Silver Prices Rise The local doll has risen 1122, Ewo Cottons Sh.$10.70 n. opening on demand this morning Shanghai Cottons (old) Sh.76 at 1/2 21/32′′ Shanghai Cotton (New) Sh$43
Zoder Sings Sh. $16 n. Wing On Textiles Sh.$25 11.
Entertainmently 3
"Sport silver-zone 1/2 to 2036R while "forward" also rose % to 1204.
tor is to be increased...
operation and mutual understand- The nationalisation of saching and I must say that this en- works was a further step in the tirely coincides with the ideals and economic independence of Yugolsa-principles of Dr. Sun Yat-sen, the via-Trans-Ocean Service.
Date leader of the Kuomintang, and fof our present nations leader,
Generalissimo Chiang Kai-shek
RAW RUBBER
bad
Latest Quotations from Singapore
I have to thank you further for
attending to the privilege of
infpertinet, the impinged
which houses the Hong Kong and Shanghai Banking Corporation as
The London on tiez York cross- Messrs. H. B. Joseph and Co: well as the great Shing Mim Dan rate was quoted at £-US$488%, have received
the following project. The projecte Hong Kong Singapore in has made in public works, which I
as compared with ITS.$4.89, quotations from While the New Torf on London Straits Currency for Raw Rubber must frankly say far surpasses our Constructions (New) 421⁄2 cts. cross-rate was steady st ̈ *-
Conftructions 201d1%
Vibro Piling $51⁄4 2
Gh. Govt. 5% 1925 “G$Bds.
China Kali Balking
Cork 1% Loan 8% prem.
US$4.88 15/16:5 TEGASK
ELE GOT
Wallace Harpers Si
Buyers
efforts in Canton, has given US K 29% Up 24 very good impression and no doubt
Hou to as which I regard as one of the important unexpected re- sults of our visit.
-30% do
29% do
1936 HONG KONG
DOLLAR DIRECTORY
NOW ON SALE Price $1.
eggpaper Enterprise Iti.
China Mall Bulding,