BANKS
HONG KONG AND SHANGHAI THE CHARTERED BANK OF
·BANKING CORPORATION INDIA, AUSTRALIA & CHINA
"**
Authorised Capital
$50,000,000)
Issued and Fally-Paid-up. 20,000,000| Reserve Finda;—
Sterlin ........$ 6,500,000
Hong Kong Currency
Reserve......$10,000,000
"HEAD OFFICE: HONG KONG
BOARD OF DIRECTORS
Hon. Mr. J. J. Paterson. ›
Chairman,
G. Miskin Esq
Deputy Chairman
J. R. Masson Esq.
HEAD OFFICE: LONDON.
Paid-up Capital
Reserve Fund
Reserve Liability of Pro-
prietors
A. E. Compton Esq., T. E. Pearce Enq Da
£3,000,000) £3,000,000
WEDNESDAY,
Commerce and Finance
New York Share Market
£3,000,000 H.K. SHAREBROKERS'
ASSOCIATION ·
Agenties and Branches:
Haile 1poò Karachi′′
Rangoon
Semarang
مع المباد
bungapore
لدواسباني
Taping
Beserve Liability of Pro-
prietors
.$20,000,000
Alor Busz
Banglal
Hobar
Calcu
Kala Lumpur
LEWE Catro
Xadrza
Kanila
Coiartha
Moedat
T
New York
Hon. Mr. S. M. Dodwell,
J. A. Plummer Escane
Baphong Hamburg
'pin
(ha) Zwing Xelona.tes
Hon. M. M. T. Johnson,
Herbun
Zambong
Boas hoat
V. M. Grayburti, Esq.
BRANCHES :---
MOT
LONDON
BANGKOK
BATAVIA
BUMBAT
CALCUTTA
CANTON
CHEFOO COLOMBO
DAIBEN
FOOCHOW
HMONG
HAMBURG BANKOW
MARRIN
HONGREW
ILACLO
ITUH
JOHORE
KORE
KOWLOOK
KUALA LUMPTE
AL Shields Es Foreign Exchange and General Banking business
LYONS
-
MALACCA
MANILA
MUAR (Jobors.j XCKDEN
NEW YORK
PELTING PESANG
ALBGOON
MLIGON
SAN FRANCISCO
KHANGHAI
SINGAPORE
SOURABAYA
BUNGE PATANI
TIENTAIN
TUKYO
TSINGTAO
TOKOHAMA
Cerrant Accoumte opened in Loos) Currency and Fixed Deposite received soc one year or abort perrods in Local Currency and boweling on latina
quoted on application.
"
ALSO up to date SAFE DEPOSIT BOXES in
TO LES,
Hong Kong, 24th February, 1936........;
HONG KONG SAVINGS BANK
The Boites of timi shore Bank is conducted by the HONG KONG AND SHANGHAT BANK-| ING CORPORATION. Butes may be obiminad
on apposGOD.
FOR THE HONG KONG AND SHANGHA BANKING CORPORATION.
V. K. GRAYBURN,
Chief ManagET.
Hong Kong, 24th February, 1936.
THE BANK OF EAST ASIA, LTD.
Azad Cupstal
Paid-up Capital
$40,000,000,00 6,59,600,06
Kew Condivided Pružila ----$ 2,686_005_35 |
HEAD OFFICE:—HONG KONG.
10. Des Yeux Road, Central
BOARD OF DIRECTORS:—
cancie
Cars counts opened and Pized Depouta zeeshod for Dian,Just or abovtar persada na teden
buch will be ground on application. The Bank's Hand Other in London undertaðan Executor and Ierufale demo. DIGESTI
and acce NOOIT
Beitiak Inne Taz overpaid, on vering which may be snowrisland så any of i Agenom and minces.
O
A. BREARLEY,
Manager. Hong Kong, 1st January, 1935.
THE CHINA & SOUTH SEA BANK,
LIMITED
(Incorporated in China) Head Office-Shanghai
$7,500,000.00 $1,500,000.00
Capital Reserve Branches-All Important Cities m
Chira
Foreign Exchange and Groseal Banking Business
Carrack and Saving Accessia opened, and Fixed ↑ Dupontte reosivad for one year of aborter pacisca rains which will be quoted on application.
SOE %. CHANG
Kanagat HONG KONG BRANCH, 3. Der Youx Road, Central.
Manage's Otion
Funga Exchange Days, man
General Ocios Cashier's Offer
Tal sites 33065
THE WING ON BANK, LTD.
Head Office: Hong Kong
26, Des Voeux Road, Central Authorized Capital $10,000,000
LONDON BANKERS: Westminster Bank, Ltd: Foreign Exchange and every desi cription of banking business transact-
ed.
Stock Report
The following report was issued by the Hong Kong Sharebrokers" Association
Wharves $105 b. Providents (Old) $175 s. Lands $334 b. China Lights (Old) $13.60
-$13.75 &, $13.60/70 32..... Electrics 357 8.
Cements $10.50 b.. $il s Dairy Farms $22% b." Consol Mines $07 b. $.07% Ipo Gold $.51 b. LXL $2.95 b
Suyocs $90 b., $95 & Big Wedge $.63 b., $.65 s. Coco Grove $1.85 b. Guraus Gold $.60 b. E. Mindanao $.69432.
Hong Kong Trade In Rhodesia
Ex-
The Customs requirements of Southers Ehodesia, in res- pect of goods for which Bri- tish Imperial Preference is claimed, have been varied es from January 1, 1937. porters are advised to obtain the latest detaile from the Hong Kong General Chamber of Commerce before making shipments.
Messrs. White, Wald & Com paay, New York Correspondents for Messrs. S. E. Levy & Com pany, report:Zam
Stocks:-Railroad conferences are to start soon with reference to the question of the retirement of employees. Any sign of a favourable solution of this and other labour relations should re- move the main obstacles to an ad- vance in rails. We continue to favour a selective attitude in this field-
There is no news as yet with regard to atilities and no definite indication as to what way this |section of the market will go.
In the industrial section of the market, despite the labour situa-| tion, heavy steel statistics con-f
tinue to be excellent. Amase- ments should have
a good year and we suggest, the purchase of Paramount shares on
any set- back. Business done:-1,870,000 shares.
Wheat:-Some long interests who were expecting a prompt re-j vival of export demand after the year-end have been disappointed] and have now eased their posi- tions.
The fundamentals of the market re unchanged. Total |sales :---26,670,000 bushels.
Cotton:-Domestic mill stocks amount to 1,800,000 bales, which is equal approximately to three months consumption, but many of the most important mills have
wais, season, nothing is better than lame for formal occasions unless it is printed lame. Thi charming dinner dress worn by Claire Trevor, the screen actress, is especially interesting becazzos of Ita tiny floral pattern. Per- sian in effect.
orders for the manufactured arti HISTORICAL
cle exceeding seven months' con- sumption.
Rubber:--Planters should find
it necessary to increase tapping. owing to the slow process of
production
COMMODITY PRICES Malay labour, while the higher
conditions should
The following quotations have favour continued smooth working
of the rubber restrictions.
Copper:-The tight situation in spet copper would seem
to in- dicate near-term prospects of a farther rise in price, unless there
Current Accounts and Savings Ac. been received by Reuter:- Hon. Sir Shou-on Chow, Charman; Li Saxo Chun, Faq, P. X. Smoke kaq, Wang Yan counts opened. Fixed Deposita re- Tu E Chan Ching Shak, Esq.ceived at rates which will be quoted! Pung, Eng, Wong Chu ton, Eaq. and Eat Ying I've Los.
fon application.
[New York Cotton: Trusteeship & Executorship under-January taken. Safe Deposit Boxes for hire. March
PHILIP GOCKCHIN,
ANOT
Kan Tuug to. Eng., Chic Maunger.
The Fock. Eng. Kateger.
BRANCHES AND AGENCIES:-
Calculia
Chatea Karbong
سلسل Lions
Kobe
Koloce
Loudas
Manika
Meibou
Seattle
Nagusic
si unghi
York
Banke
Lounsbaya
l'ans
Swalow
Jeping
J
Pesang
Hangoon you
Taigre
Franciave
Vacongrat
Yokohama
Tashoku Tiwetzin
Chief Manager.
THE MERCANTILE BANK OF Spot
INDIA, LTD.
HEAD OFFICE:
EXCAVATIONS
AT HANGCHOW
BLACK POTTERY AND WEAPONS
RELICS OF STONE AGE IN CHINA!
Throwing much light upon ar-
black pottery
CANADIAN PACIFIC
WORLD'S GREATEST TRAVEL SYSTEM Offers Two Routes
HONG KONG TO
THE PACIFIC COAST
IT DAYS HONG KONG TO VANCOUVER
via the Direct Express Bouta
18 DAYS HONG KONG TO
NCOUVER
via Honolulu, "the Paradise of the Pacific
29 DAYS HONG KONG TO UNITED KINGDOM (via direct connection)
EMPRESS OF CANADA
SAILS FOR VANCOUVER via SHANGHAI JAPAN
& HONOLULU
AT NOON
TUESDAY,
JANUARY 26th.
For Information Apply To Your Own Agent Or
Canadian Pacific
TIN CARTEL
RESTRICTION AGREEMENT |
TO CONTINUE
Brussels, To-day.
The International Tin Cartel
be a possible step-up in produc-cient Chinese civilisation, large have decided to ratify the agree ition.
SPARI, THE WORLD"
Tė. 20752
TOURIST TRADE IN CANADA
Expansion Reported
Ciagara Falls, Canada:-Canada's quantities of
and ment to continue restriction for a tourist "industry in the present- Flash:-While the Stock Mar-stone implements have been un-period of five years from January year has exceeded that of last year ket is inclined to be more optimis.earthed at Hangchow by the ar1. 1937. They have also fixed the by 25 per cent director of the the West production quota at 100 per cent. Canadian Travel Bureau stated, tic with regard to the labour Chaelogical section of
for the first quarter of 1937. here. The value to Canada of this Lake Museum. situation, we believe that there
out traffic for the year is estimated at The excavated articles, includ- The communique points is no real basis for optimism re- garding the possibility of a near-ing pots, dishes, barins and other that, owing to the increased quota $275,000,000, the director said. by solution. We feel that the utensils were discovered at several the bases, of the Siam and Belgian Figures for the first nine months present period, however, offers an places. being buried about two Congo quantities must be produc-of the year show that the number metres underground. They are beed more or less equal to those proof tourists that have entered opportunity for purchases on any set-backs of U.S. Steel and Gelieved to be relics of an era before duced, when the export quota was Canada from the United States Jalone, mainly by automobile, eral Motor shares. Otherwise, we the Shang dynasty (1766-1122 105 per cent.
The Belgian Congo standard ton-lamonated to 13,263,000, an in- B.C.). would confine our attention to oils and coppers.
The unearthed objects are now aage capacity was fixed at 11.000 crease of nearly 1,500,000 over the being studied by the archaelogical tons for 1937, as compared with same period of 1935. - section and after a thorough study, the previous figure of 7,000.
Prev. Yesterday Closing Closing
12.35
12.31
12.33
12.32
May
12.19
12.19
July
12.10
12.10
October
11.76
11.72
December
11.50
11.76
12.01
12.91
15, Georghurch Sárvat, Loudon, ECS
Authorised Capital
January March £3,000,000 | 3ay 1,800,000 July 1,050,000 September
October
New York Rubber: 20 30
20.550 20.68 20.53
20.800 20.87 20.77
20.440 20.74
20.30a
20.65
20.300
December
20.30
20.00n 20.600
Chicago Wheat;
Sew York Penang
May July
13534
132%
119
126
LOCAL DOLLAR
Karachi
Ft Louis
Colombs.
Kos bare
Delki
Kuni LiDis
Keala Lumpur
September [Chicago Corn:
115%
112%
STEADY
Rong Kong Bowrah
Kestrian (Pahang) Singapoer
Simila Madras
May July
1074
106%
102
100%
Silver Prices Improve
1023%
1013
Chicago Corn:
111 107
1291%
125
"Spot silver rose 1/16 1264 21-5/16, while "forward" appie- 121%
ciated 1/16 to 21-3/16,
Every description of Beaking and Embenge busda trama Lowns granted on approved
THE S Current Accounts opened in Lout Corrency and Fixed Depoute isostved for one your or shorter perioda in Local and Forsign Cizreaction DE AD which will be quoted an application..
Bada Deposit Boss To
KAN TUNG FO
Subscribed Capital Paid-up Capital
Reserve Fund & Best.. 1,247,830
BAKKERS:
The Bank of England a Milliad Bank, Ltd.
Bangkok Bombe
THE YOKOHAMA SPECIE BANK Calcu
Chal Manage".
LIMITED
Established 1880
Head Office: FOKOHAMA
BLANCHES:
Ipoh
handy
(Messina) Fangoca Shanghai
HONG KONG BRANCH.
Capital (fully paid-up) Yen.100,000,000 Every morrption of Banning and Exchange September Reserve Fund.......Yen 130,900,000
Branches and Agencies at
Alexandria
Bangkok Batavia Berlin
Bombay
bacte
TravelSara Cheques issued.
Trostes and Exmontorships undertaken.
INTEREST allowed on Current Ames and May Fixed Deposits at Bates that may be ascariained" July ne application
B. KENNEDY, Winnipeg Wheat:
Calcutta
Canton
Dairen (Dainy)
Moji Nagasaki Nagoya
New York
Osaka
Otera
Paris Peiping
Fengtien (Mukden) Rangoon
Hamburg
Hankow
Harbin
Hong Kong
Honolulu
Heinking
Karachi
Kobe
London
Manila
st
Los Angeles
Rio de Janeiro
San Francisco
Seattle
Semarang Shanghai Singapore
Sourabaya
Sydney
Tientsin
Tokyo
Tsingtau
Yingkow
Interest allowed for Current Ae- counts
Deposits received for fixed periods at rates to be obtained
on applica-
Y. KANO,
Manager. Hong Kong, 13th November, 1938.
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 Office Shanghai
A Bank having as its mission the industrial development a China, and the fostering of her commercial relations abroad. Hong Kong Offee-f
* 6, Queen's Road Central
Phone: 31116,
7. Queen's Bond, Cantra?,
Bong Song, SR Juiz, 1985,
Marage-
May July
A World-Wide Organization of Offices
+
a report will be published and the The next meeting of the Cartel objects will be exhibited in the will take place in Paris on March West Lake Museum.
5, 1937-Beuter.
Recent Finds It may be mentioned that black pottery was first excavated. lastį The local dollar is steady, open-year at Chengtzeven near Tsinan, 109%ing on demand this morning at capital of Shantung, by the Re- 105341/27%.
the Reason why American Express
TRAVEL SERVICE & TRAVELERS CHEQUES have become the twin necessities of every international journey. The Travel Service includes issue of tickets by rail, sea, air and
road, reservation of hotel accommodation, arrangement of tours by rail and private car, böckings for cruises, courier and interpreter service, mail service and visitors' reading and writing rooms. The Travelers Cheques provides ready money in a form safe to carry, being issued in
convenient amounts and accepted everywhere— -value- refunded if lost uncountersigned.
BANKING & SHIPPING
These services are offered by the principal offices, including foreign exchange, transfer of funds by mail and telegraph, opening of deposit and current accounts, issue of Travelers' Letters of Credit and other international banking, trans- actions; shipment of merchan. dise, baggage,” securities and
valuables (through
rates quoted--through bilis of Lading issued), house- hoid removals,. storage and wars-, housing, Custenza clearances.
YOKOHAMA
PEIFING TIENTSIN SHANGHAI MANILA
SINGAPORE COLOMBO CALCUTTA BOMBAY
THE AMERICAN EXPRESS CO., INC.
Incorporated with Limited Liability in USA
while the New York cross-rate was
WORKER UNREST CAUSE OF STALIN ANXIETY
(Continued from Page 41
This movement has resulted in
Ottawa, Canada—The Board of Railway Commissioners of Canada will
become the Transportation Commission with - responsibilities enlarged to cover all transport facilities under the jurisdiction of the government. This change, the transport ministër, Mr. C. D. Howe, has explained is not expected (to involve any great change or en-
largement of the personel.
The change in the statis of the
search Institute of History and to Philology of the Academia Sinica
A similar discovery was made at the creation of a new aristocracy board will not be made for some Liangchengcheng near Jichao in The star workers receive special The London on New York cross-south-eastern Shantung last May bonuses. They are on the privi-weeks. At present and for many rate was quoted at £-U.S.$4.91%, August when another large quaz-leged list of customers who have years the Board of Railway Com-
on London tity of black potteries and stone first choice in the scanty stocks missioners of which former minis quoted at implements were excavated at this on the shelves of government chairman, has had jurisdiction ter of justice, Hugh Guthrie, is US$4.91-7/16, as compared with former site of an ancient city. stores. They get passes on rail- SUS$4.91-3/16.
The discovery at Hangehow is roads, street, auto busses, and over the railways, the Bell, and considered of great importance as preferential treatment in govern-panies and the Ottawa Street Bail British Columbia Telephone Com by a comparative study with the ment rest homes and resorts. They
way on question of rates.The first two discoveries it is expect-have paid vacations every year.
board has decided on question of ment of ancient ed to shed light on the develop In building these-star workers freight and passenger rates, has
Chinese civilisa-jup as national heroes the Soviet tion, especially with respect to the government merely added to their investigated railway wrecks and has grade crossing questions un- living conditions and migrations) unpopularity. Russian workers of the Chinese people.
and peasants hate the Stakhano-der its jurisdiction
In the fature to these duties visi. Many have been murdered will be added coastwise and inlahd The pottery culture, it is under- They are a clase apart from or shipping rates which will require
RAW RUBBER Latest Quotations From Singapore
Messrs. HL E. Joseph & Cơ have received the following quotations from Singapore in Straits Currency for Eaw Rubber:
Spot 364 b. Up 2. April-June 36% b. Up 1⁄2. July-Sept. 36% b. Up 3⁄41⁄2. |Oct-Dec. 36% h. Up- %.........
Market:-Uncertain
:
SHARP ANTIMONY
PRICE RISE
LONDON TRADERS. NOT GRATIFIED
Three Periods
tood may be divided into three dinary workers. Y periods according to the colours of Earn "Fantastic"" 'Pay- the pottery utensils used during!
considerable preliminary study. The entire reorganization will doubtless be the subject of legs. lative action in the coming sessida.
Beurter.
the respective periods. The first They earn salaries fantastic for more than 1000 and second periods are called the Russia, some "zed pottery period" and the rubles ($200) a month. The aver- black pottery period" respective-age pay of the factory workers of ly, both of which are classified an Moscow is only 250 rubles ($50). der the Neolithic period. The third and in outside industrial districts caught. period is the "grey pottery period" | less.
Baxis For Showy Trial which marks the beginning of the The wave of dissatisfaction This is the chief reason for the. historical period. Many relics of caused anxiety in the Kremlin. It sensationally staged court pro- the "grey pottery period" were an- also was seized upon by the Trot ceedings in Moscow. But there is earthed sometime ago at Anyang. zkyists, who began quietly to or another reason.
ganise opposition and sabotage: Stalin, in order to win popular which before had been sporadicity and support among Russia's
"London," To-day. Since January 1 when the Houan Chinese Government control of
sharply.
This taste
the intimony” industry became the fear that the present price Confirmation of this development national minorities, granted them operative, prices have risen level may offer an inducement to appeared in the Soviet press for increased autonomy.
other producing areas to increase! months before the opening of the of independence whetted their ap- Some Chinese", "sources are at their output. Hence, despite the terrorist trial in Moscow/ -2--| petites for mate
The trial has now branded all The OGFU, now the commis present asking as much as £53, fact that China supplies 70 per
dissatisfied but" the buyers' view is sub-cent of the world, supplies, in- the
elements assariat of interior, has discovered General Foreign Agents for the New York Central Railroad System stantially lower owing to the poor creased output by other producers Trotzky followers. The Soviet plot after plot in the Ukrace and
Consuming demand.
might well be to China's dis-press warns they shall also re other Soviet Republics aiming at Well-informed traders express advantage-Beuter.
ceive merciless punishment when independence from Moscow.
4. Des Voeur Road, Central,
HONG KONG