BANKS
HONG KONG AND SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION INDIA, AUSTRALIA & CHINA
Authorised Capital...$50,000,000 | Issued and Fully-Paid-up. 20,000,000 Reserve Funds:—
Sterling
£ 6,500,000
Hong Kour Currency
Reserve ... Reserve Liability of Pro-
prietors
Incorporated by Zepal Churra, 2008.
HEAD OFFICE: LONDON
Paid-up Capital
.$10,000,000
Beserve Fund
$20,000,000
Reserve Liability of Pro-
prietors
£3,000,000 ....\.............£3,000,000
£8,000,000
Agencies and Branches:
Alise Stat
Iloilo
Acretame
Ipak
HEAD OFFICE: HONG KONG. BOARD OF DIRECTORS.
G. Miskin Esq,
Deputy Chairman.
kengkok
Vstrutta Canton
Kamchi
Klang
→THE CHINA MAIL HERSDAY, JANUARY 7, 1937
Commerce and Finance
LOCAL SHARE
MARKET
TO-DAY'S QUOTATIONS
The following was the list of
quotations local sharE Semarang
Hon. Mr. J. J. Paterson...
Chairman.
Sorocaban
Bombay
Kabe
Shaarba
Kata Lazopar
Singapore
Suchting
Cawnpors Cebu
Stedros
Mesila
Sourabaya Taping
Colombo Debi
Madis
Sachd
New York-
Esiping
(1)
(Wing)
Hankow Harbis
I. E. Masson Esq.
A.H. Compton Esq., T. E. Pearce Esq.
Hon. Mr. S. M. Dodwell,
J. A Plummer Esq.,
Hon. Mr. M. T. Johnson,
CHEFOO
AL Shields Esq.,
V. M. Grayburn, Esq.
Chiat Manager.
POOCHOW
HAMIDEGG
HANKOW
MAXXIN
MYDI PROR
ILOILO
FOT
JOHORE
JORE KOWLOON
FRANCISDA S
KUALA LUMPUR
LONDON
LYONS
MALACCA
MANILA
MUAR (Jahara)
MUXDEN
NEW YORK
FELPING
PENTING
KANGOON
BAIGON
SAN FRANCISCO
SHANGHAI
SINGAPORE
SUCBABATA
SUNGEI PATANZ
TIENTSIN
TUNNO
TSINGTAO TOKOHAMA
Carroni Ascounts opened in Local Currency and Fixed Depola maited for one yene ve akcerne persons in Leal Currency and blating tu w
application. which will be cond
50 1 20 SATE DEPOSIT BOXES &
- 20 LET.
Bong Kong, 24th February, 1996
HONG KONG SAVINGS BANK
The Business of the above Bank by conducted the HONG LONG AND SHANGHAI BAKK ING CORPORATION. Baie a obasiped of application.
FOR THE HONG KONG AND SHANGHAI SANKING CORPORATION.
V. K. GRATOURN,
Chial Manager.
Hong Kong, 24th February, 1936.
THE BANK OF EAST ASIA, LTD.
Authored Capiški ***** Paid-up Capita
$4,000,000.00
$ 5,500,000LCÓ Bestre and divided Frotte 2,065,805.57
HEAD OFFICE:-HONG KONG.
I. Des Yeux Bood, Consrat
BOARD OF DIRECTORS
Perang
Tangkah
Tungus Tolbarka
Zoecheangs
Formen Buchungs and General Banking business transacted.
Current Accounts opennt and Fit! Deponita received for one year or shorter parade: at midn (which will de quoted an application” y
The Bank's Head 0500 10.London. nödertaken Execute and 2
bund ciasna Mcvey Meisab Innome Cat everpaid, on venue which, they be ascertained as may als ágvocia and Bracken.
A. BREAKLEY,
Manager. Hong Kong, 1st January, 1935,
THE CHINA & SOUTH SEA BANK,
LIMITED
(Incorporated in China) Head Office-Shanghai
Capital Eeserve
$7,500,000,00 $1,500,000.00
Branches-All Important Cities in
China. Foreign Exchange and General Banking Business tracted
Cabral and Earing docounts opened and Find Deposita received, for van jaar oë abortse patioda ni rules which will be quoted..on eggligation.
SOC Z. CHANG,
HONG KONG BRANCH:
Di Tamar Boad, Central.
·Macneur's Office
Foren Exekoja Dupl
General De
Tel 55568
THE WING ON BANK, LID.
Head Office: Hong Kong
26, Des Voeux Road, Central Authorised Capital $10,000,000 LONDON BANKERS: Westminster Bank, Ltd. Foreign Exchange and every des- cription of banking business transact- Yuued.
Hon Sir Shou-son Chow, Casinoan: Lo
Cass, Ex P. L. Ivok,
1u8g. Eat Caan Chung bak
Sese Engi trong còn của Ray mà trào
Po. Exq
Xan Tung 20. Eng., Chie! Massague,
In The Fong. Engu Mazagar.
BRANCHES AND AGENCIES:—
Kamila
Kelbourne
Singapore Sours-baya
Seattle Semarang
Bombay
Nagamki
Shangha
Count Canton
Naw Yack
Onion
Parin
Slow
Арен
Sydney
Hemcinis
PEAWAY
Taikoin
Testeia
Langoon
SAUROR
Tollyo
Sun, Fincoi
Labe Kemicon
Londos
To Yokohama
sinh
Every description of Banking and Exchange business tranced. Lasos grated va approved unczizĺkins.
Curet Anovatie opened in Loos Carmacy' God Fixed Depente recreed for one year o aborter parade in Local and Foreign Currencies cfacich will be quoted on/applic
Sale Deposit Boxes To
TAM TUNG FO,
Chind Manager.
THE YOKOHAMA SPECIE BANK
LIMITED
Current Accounts and Savings Ae- 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.
THE
AMERICAN EXPRESS COMPANY INC.
Incorporsied with Limited Lambility is T&A.
Head Office 65, Broadway, New York
Capital Sarpins Reserves
Asterdam
Antwerp
Athana
Assan
Deale
·U_S_$5,000,000.00 2,240,344.38 897,612.65
BRANCHES ----
Glasgow
The Hague
HAWADR Hamburg
Hvidelberg Interlaken
Established 1880
71
23rdán
Bombay Brusenis
Yen 130,900,000
Chire Calouste
Capital (fully paid-up) Yen.100,000,000 Reserve Fund
Head Office: YOKOHAMA Branches and Agencies at
Alexandria
Bangkok
Batavia
Berlin
Bozbey
Calcutta
Contou
Dairen (Dainy)
Moji
Nagasaki
Xazoya New York
Quaica
Pada Peiping
Fengtian, (Mukden) Rangoon
Hamberg
Hankow
Harbin
Hong Kong
Henolulu Hrinking Karachi Koba
London
Manila
Los Angeles
Bio de Janeiro
San Francisco
Seattle
Semarang
Shanghai Singapore Sourabaya Sydney Tientsin
Tokyo
Tsingtan
Yingkow
Interest allowed for Current Ac-i Comte.
Deposits received for fixed periods
at rates to be obtained on' applica-
Y. KANO.
Manager.)
Hong Kong, 13th November, 1936.
THE
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED
(Incorporated in China) Capital paid up .....$5,000,000. $7,500,000. Capital Savings Dept: $500,000: 5 Beserve Savings Dept. $600,000. Head-Office-Shanghai
the industrial development, on
Road Central
CALD Colombo Copenhagen Dibis Edinburgh Marmont GeDeve
Gen
London
Lavarpod Lacure
الصحة السا
Marodilian Monte Carlo
Manila
Munich
Montreux
Naples Tiramis Faria Paiping Roses Roca Shanghai Southampton
Singapore. Tontain
Yozice Tokohama Zurich
Branches of American Express Company in Principal cities of United States of America and Canada.
All classes of Commercial Banking Transactions vundertaken.
Personal investment accounts hand-
ed
The Company offers to intending Travelers the use of its "Travellers Cheques" and Letters of Credit and, in addition, the world-wide services of its thoroughly equipped Travel Department.
C. EL. BENSON,
General Manager,
PIPPERMINT
GET
always
delicious with
crushed ice
iced water
GET FreneS
(H-Garonne) FromGE
|to-day.
J
Banks
issued
FK Bank $1865/1875 8 H.K. (Lon. Reg.) fill n. Chartered Bank £14 n. Mercantile Bank A. and
5921⁄4 n Mercantile Bank C. 14% 1. Bank of East Aziz $85 The
Insurances
Canton Ins. $310 & 3305 sa- Union Ins. 3615 b. $617
$618 sa.
LOCAL DOLLAR STEADY
Sharp Fall In Silver Prices
The local dollar is steady, open- ing on demand this morning |1/2%
P.&O. DIVIDEND
CHAIRMAN'S PESSEISM PAT MEETING*
· Deferred shares of the P- and 0.) Company › have dropped on the London Stock Exchange as the z- sult of the pessimise indicated by the chairman, the Hon. Alexander Shaw, at the manual meeting" re-
arding future dividends.
"I have been asked," he said, Strum, several quarters whether the distribution this year of 4 per cent. may be regarded as a precursor of largër” dividends in future yea... at I sincerely wish that I could- say }
yes to that question. The Board is "Spot" silver dropped % to no collection of prophets, but I |21-3/16, while "forward" fell 3/16 tell you frankly that in their view the uncertainties of British ship- B. to 21.
The London on New York cross-ping are such that they can see rate was quoted at E-U.S.$4.913, no prospects of a return to the while the New York on London larger distributions which were at cross-rate was quoted at one time made. Indeed, I regret to US$491-3/16,
compared say that the figures so far avail- able for the current year are, up to the present, not so good“ 23 those last year."
Chins Underwriters $1 m HK Fire Ins. $300'n. International Assce. Sh. $34 m.
Shipping
Douglases $30 z.
E.K. Steamboats $7,40 n. Indo-Chinas (Pre) $35 a Indo-Chinas (Def.) $36 n. Shells (Bearer) 135/7 Union Waterboats $1014 m
Docks, etc.
a
H.K. and K. Wharves $107 sa H.K. and W. Docks $14 b. 14 să Providents (Old) $170 n. Providents (New) 20 cts. n New Engineering Sh.34 n. Shanghai Docks Sh.$90 n.
Mining Kailan Mining Ad. 16/3 n. Raubs 313 2. Vezz, Goldfield $8 b.
Lands, Hotels, etc.
HK. and S. Hotels $6 b., $6 sa. H.K. Lands $33% 3.
H.K. 4% Debentures $105 m. Shanghai Lands Sh.$16 n. Metropolitan Lands Sh. $10 Humphreys $94 n H.K. Realties $4 Chinese Estates $76 . China Realies Sh.$4 a China Debentures Sh.S60 2.
PHILIPPINE MINING
Big
Demonstrations
Too Gold Ipo Mindanao Homestake
Iterpas
Masbate Consol. Northern Mining Paracale Gumaus
with 5-U.S.$4.91-7/16.
RAW RUBBER
Explaining the reduced alloca tion for depreciation, regarding which there has been some con- Įtroversy, the Chairman said it re- company having
Latest Quotations From suited from the
Singapore
been able to write down certain vessels to their residual value, Messrs. H. B. Joseph & Co., re-and he added that in the absence ceived the following
(of a considerable increase in ship-
quotations
ADVERTISEMENTS
PUBLIC AUCTION
whiz. Undersigned have received
instruction to sell by Public Anction on
Saturday, the Sth. January, 1937 commencing at 11,00 am.
at their Sales Room * Duddell Street
7 Cases Vicanas.
3 Cases Singlets,
3 Cases Woollen Yam,
2 Cases Woollen Piece Goods. 1 Case Silk Piece Goods.
1. Case Cotton Trimmings. 1- Case. German Piece Goods. 1 Case Rayon Piece Goods. 60 Doz: Felt Hats.
60 Doz. Furniture Handles 20 Coils Gandy Beltings. 12.Coils Metallic Packings.
100 Pieces Metal Sound Boxes. - 147 Pieces Protector Kahn, 10. Pieces Steel Channels.
also
..
A Quantity of Valuable Miscel· laneous Goods.
Terms: Cash on Delivery.
ร่
LAMMERT BROS.,
Auctioneers.
Hong Kong, January 7, 1957.
from Singapore in Straits Curbuilding costs the figure found for
depreciation from this year's re- BUSINESS DIRECTORY
rency for Haw Rubber:
Spot Apr/June July/Sept. Oct/Dec.
Buyers,
venue may be regarded as one likely to remain appropriate for a 37-1/4 Up 1 few years to come." This state- ENGINEERS & SHIPBUILDERS 57-3/8 Up 1ment is of importance, for it was 37-3/8 Up 1 principally due to the reduction by 37-3/9 Up 1 over £400,000 in the allocation for depreciation that the dividend of Market: Expect Advance. 14 per cent. was made possible.
New York Share Market
Messrs. White, Weld & Com COMMODITY PRICES pany, New York Correspondents for Messrs. S. 2. Levy & Com- pany, report—~
11
The following quotations have been received by Reuter:-
Prev. Yesterday Closing Closing
W. 3. BAILEY & CO., LTD,
Kowloon Bay. Shipbuilders & Repairers. Call Flag *L*
Sole Agents for Kelvin Motors
GENERAL NOTICES
NEW TERRITORIES AGRICULTURAL
CLASSIFIED ADVERTISING
Twenty-ve Worshe theme Innor- tions prepared $158. Every adi ditional word five cinta for three Insertions.
“All replies under this heading] must be called for.
TUITION GIVEN
COMMERCIAL TRAINING given in Book-keeping, Shorthand, Typewriting and Business routine. Fees” Moderate. Apply 5 Aimi Vällas, Austin Road, Kowloon
MISCELLANEOUS
YOUR VISITING CARDS neatly and promptly printed. "China Hell” Office, No. 3A, Wyndham Street. Telephone 2009
LAMMERT BROS.
AUCTIONEERS, APPRAISERS AND SURVEYORS,
- Public Auctions -
11
HE Undersigned have received instructions to sell by Public
THE
Auction.
On
Thursday, the 7th. January, 1937 commencing at 2.30 pm.
at their Sales Room,
Duddell Street
A Quantity of VALUABLE HOUSEHOLD
FURNITURE
comprising ---
Teak Bed Room & Dining Room Furniture, Drawing Room &. 05- fice Furniture, Carpets, Engs, Oil Paintings, Pictures, Ornaments, Curios, Dinner Service, Cutlery, Porcelain & Glass Ware, Alumin- ium & Brass Ware, Silver & E. P. Ware, Enamel Baths, Coir Door Matz, Electric Table Fats & Under the Distinguished Pa- Lamps, Radiators, Radios, Gram- tronage of His Excellency The aphones & Records, Typewriters, Governor, Sir Andrew Caldecott, Sewing Machines, Cinema Projec
tor, Cabin & Wardrobe Tranks, KL, CALG., CBE
Linen.
SHOW. 1937 -
SATURDAY and SUNDAY, 9th. and 10th: January, 1937.
!
One Upright Piano by "Ployel" **Modern Style Bed Room Suite. also
A Fine Selection of Canton Black Wood Ware comprising:-
at SHEK WU HUL, near Sheung Shui Railway Station. Reduced fare by the Kowloon Railway on both days, on the 10.76| a.m, 1212 pm, 125 pm and 150' p.m. Trains from Hong Kong to Sheung Shui retaming on any & Armchairs, Chests, etc., etc.
Closing
Rates
Sales 10 am. Local in Pesos Currency
Antamoks Atoks Bagaio
1.75
Gold
Stocks:-Apart from the dis- cussion of their particular labour New York Cotton: problem as well as the problem of January freight rates, the special situa-y Marth tion of rails is reflected in a' firmer market here and we would main-
May July tain a selective attitude in this
October section.
December
12.33
12.38
12.32
12.36
12.19
12.24
12.10
12.15
11.72
11.74
11.76
1176n
Balatoc Miring
14
Benguet Consol
14
2314
There has been greater activity Spot
12.91
12.96
Benguet Erpier
Bir Wedge
214 35
38
Consolidated Mines
20434 07/12
.90
1.36
in utilities. The higher prices New York Rubber: are due to no definite cause andįJanuary we feel that any purchases here March
20.80
21.60.
20.87
21.67
are
41
.66/.72
01
02
warranted only where a May greater volume at lower rates can July be turned into profits.
20.77
21.57
20.73
21.45
train from Sheung Shui after 1
1.85
There is some talk that a near-
September... 20.65 ¡October
21.403
P.M. J
20.60%
21.342
First Class
$2.25
oil is likely.
term rise in the price of crude Chicago Wheat:
December ... 20.60m
21.34m
Second Class
150.
Third, Class
775
May
132%
131%
United Paracales
Coco Grove
1.05
1.20
Coppers are awaiting the out- July come of the labour situation and September an appraisal of what degree of Chicago Corn:
for the round trip.
116
1154
112%
1124
of purchase only.
G'Goldfields
36
speculation caused the last price May
106%
105
41
rise. We believe that the tight July
100%
100
spot situation is not artificial and September
101
101.
it is our view that the upward Chicago Corn:
trend will continue
New
New
The unchanged labour situation
Contracts Contracts
Opening Closing
109% 109%
electrical equipments continue to July
1054
105%
be excellent. Business done:-Winnipeg
Wheat:
1,920,000 shares.
May
1264
Wheat:-A private authority July expects that the Argentine wheat
121%
121%
Salscot Mining San Mauricio Suyor Consol
Min. Besc
Public Utilities
EK Tramways $13 b.
Peak Trams (old) $61% n.
Peak Trams (new) $23⁄4 n.
Star Ferries $93 ...
Yaumati Ferries $25 n.
is depressing steels for the time!
C. Lights (Old) $13.60 b. 13.10 being, but prospects for rail and May
b.
C. Lights (New) $10.40 b. HK. Electrics $56 Macao Electrics $20 n. Sandakan Lights. $10. Telephones (Old)" $30 Telephones (New) $11 82 China Buses Sh.$111⁄4 n. Singapore Tractions 27/- n. Singapore Pret. 27/— n.
Industrials
Cald, Macg. (Ord) Sh.$1912 Cald, Macg. (PreL) Sh$15 n Canton Ices $2.05 Cements $11 .n. HK Ropes $21⁄2 1... Stores, ele.
Dairy Farms $2252 b.. Watsons $4,85 n., Lane, Crawfords $5 a. Sinceres $2.90 &
Wing On (H.K.) $50 n.
Cotton Mills
Bwo Cotton Sh.$16.20
MANILA
1264
crop will amount to 220,000,000 SHIPS TOWED FROM bushels, as against the Govern- ment's estimate of 249,000,000) bushels. The fundamental posi-j tion of the market is unchanged. FIVE TO BE BROKEN UP
IN HONG KONG Total sales:--42,471,000 bushels.j
Corn:-The cash position re- Two very old ships arrived in: mains strong and the market is Hong Kong from Manila yester- poorly supplied. The strength of day, and are to be broken up here the feed situation is still a prop by their new owners, the Chong to prices.
Soon Company. The ships were the" Albay, and the Neil Macleod. Both left Manila on December 29
Tickets are effective for the day
Do Not Wait!
Buy Your Present Now ! !
TOYS, DOLLS
New Year Cards and Children's
Picture Books
also
LARGE SELECTION OF
STAMPS
which will be a delight to any Stamp Collector to receive.
GRACA & CO.,
No. 10, Wyndham Street.” P. O. Box €20. Hong Kong.
Cotton: The shipping strike and the hope of an easier basis while the Government loan cotton and were towed here at a very she was constructed of iron and
is being released have undoubted-
steel
slow pace. They were withdrawn ly curtailed the volume of export orders. We expect buying on from the Philippine registry just
The Nell Macleod was built in sparts and better prices when the prior to their departare, previous- situation becomes clearer.
ly being owned by the Compania 1875 by W. Doxford and Sons, We
Sunderland.. She: kewise was recommend the purchase of May Maritima and used in the inter-
built of iron and steel and like fisland trade.~~ Shanghai Cotton (Old) Sh.685 and July positions on set-hacks.
b...
Rubber:We fear that the At present there is a keen da. the Albay she has two decks. She is 210.4 feet long, 21 feet wide strike in the motor industries is and for scrap iron in Hong Kong and 15.3 feet deep. She is of checking rpeculative buying and and South Chips, and these two
Shanghai Cotton (New) Sh$60
Zoong Sings, Sh$31-n. Wing On Textiles Sh$36.1.
Miscellaneous
Entertainmenta $3,40 m. Constructions,(Old) $1%/h Constructions (New) 421⁄2
The Albay and Neil Macleod
we believe that the technical post-ships are the first of four or five 1076 gross tons and 639 net tons. tion is healthy despite the recent which will be brought here by the She was retired from the coast- advance in price.^)
Chong Soon Company to be brokwise service about five years ago. Flash The American Water-jen up. works & Electric Company shows,
In recognition of "Tritish. sex- to earnings for the year ending were among the oldest ships ply-manship of sterlingworth the November 30th of $1.68 pering in Philippine waters, the London and North Eastern Rail- share, - za compared with $1.22 former being 53 years old and the way are making presentations to per share for the previous year.latter 61 yeaTE
the captain and to members of the The Cuban-American Sagar Com The Albay was built in 1883 by ship's company of one of their HK Govt. 4% Loan 8% prempany shows earnings of 65 cents the Motala Company, Norkoping, vemels, the Dewsbury, which, in per share for the year ending Sweden, She is of 1115 gross high sear and with a sale blow HE Govt 32% Loan! 3% September 30th, as compared tons and 690 net tous. She has ing, rescued the crew of the Dutch O prem:bat
with 24 cents per share for the two decks and is 218.3 feet long, motor-vessel Albion when she was | previous "yese.
30.8 feet broad and 143 feet deep. sinking..
Vibro Piling $5% n.°
Ch. Govt 5% 1925 G4Bdz.
Wallace Harpers $4 m.
Flower
Joss Tables, Tables. Stands, Marble Top Stools, Chairs
"and
Four Sets of Valuable Chinese Literature.
On View from Wednesday, the
6th. January, 1937,
Term: Cash on Delivery,
LAMMERT EROS..
Auctioneers.
Hong Kong, 2nd Jan, 1937.
THE Undersigned have received
Tinstructions to sell by Public
Auction
од
:
Friday 8th. January 1937 commencing at 5.15 p.za: at their Sales Room, Deddell Street.
A Valuable Collection of POSTAGE STAMPS Terms: Cash on Delivery.
LAMMERT BROS.,
Auctioneers. Hong Kong, 5th. Jan., 1937,
Now On Sale
THE M
CHINA YEAR BOOK (18th edition) 1936
The China Tear Book is an indispensable referenze book an
·China; it arms its reader with all material necessary for forming correct Judgments on the „Far Eastern situation and subodies al important documents and. statistics of the yest
Among the subjects dealt with by foreign and Chinese experts in the eighteeth edition are the following Smuggling, angka Truce Agreement, “New Vis Weekly" Incident, Hirota. Three- Point Programme; Soviet-futar Mongolia Protocol, Mangal Her ritory in Manchukuo, Leith- Boss Mission, Currency-Positio
Price $18.
Obtainable of Kelly & Waisk, Ltd. or from the publisherï:: NORTH CHINA DAILY NEWS
P. O. Box 707, Shanghai.