BANKS
HONG KONG AND SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
$50,000,000
Issed and Fally-Paid-tp. 20,000,000;
Authorised Capital
Reserve Funds:-
Sterling
INDIA, AUSTRALIA & CHINA
Incorporated by Boyal Chariot, 1976,
HEAD OFFICE: LONDON
6,500,000
Paid-up Capital
$10,000,000
Reserve Fund
£3,000,000 .£3,000,000
.2820,000,000
Reserve Liability of Pro-
prietors
£3,000,000
Hong Kong Currency
Reserve
Reserve Liability of Pro-
prietors
HEAD OFFICE: HONG KONG.
DOARD OF DIRECTORS.
Hon. Mr. J. J. Paterson. Chairman.
G. Miskin Esq..
Deputy Comic
J. R. Masson Esq.,
A. E. Compton Esq., T. E. Pearce Esq
Agencies and Branches:
Alor Star Ameite Bangkok
Humber Calcutta Cantoo Cawnpor
Cebu
Coombe
Hon. Mr. S. M. Dodwell
J. A. Plammer Esq Hanke
inburg
Hon Mr. M. T. Johnson,
Ann
V. M. Graybarn, Esq.
AMOX
BANGKOK
BATANIA
SUNBAY
CALCUTTA CANTON CHEVOG COLOMBO
DALLEN
FOOCHOW
KAIPHONG
KANBURG
KANKOW
MARKIN
BONG KEW
120110
JOHORE
ZOBE
SUWLOON
.A. L Shields Esq.
Chiel Manage
BRANCHES :--
KUALA LUNTER
ཇཱམ
- LUNDON
LYOSS
MALACCA
MANILA
NÚAR (Johor)
MUKDEN
NEW YORK
PENING
PENANG
BANGOUN
SAIGON
SAN FRANCISCO
SHANGHAI
SINGAPOR
МОСЛАВАТА
SUNGEI PATANI
THENTNIN
TOKYO
THE NGTAO
TUKARAMA
Curtant Accouur operand in Zocul Curenticy and
Fized: Deposite moved for one year or shorter
ممثلا
Ipok
Karachi Xiang
Kobe
Lapar
Fangyos
Salgan
Semarang
al bestse
Shanghai Singapore
H
Kupeting Madras
ندجمالا الحلوات
New York
Piping
(Peking)
Popans
Douradayı Taiping Tentma Jika
(b) Zangio
Zambomega
Foreign Exchange and General Banking busiam
transacted.
THE CHINA MAIL MONDAY, JANUARY 11, 1937.
Commerce and
Finance
LOCAL DOLLAR
STEADY
1
Silver Prices Vary
NEW ADVERTISEMENTS
THE HONG KONG JOCKEY
CLUB..
LOCAL SHARE E
MARKET
TO-DAY'S QUOTATIONS
The following was the list of
share quotations
The local dollar is steady, open- ing on demand this morning, at local 1/25/-
to-day.
fell "Spot" silver
to 21. while "forward" 13
to
up
21-5/16.
The London on New York cross- rate was quoted at £-US$4.9134. while the New York on London
Current Account opened and Fixed Deposits cross-rate was quoted at - moured for toe par or shortex parsada så rade US$1.90-15/16 as compared with
which will be quoced in application,
The luck's Head Ofos in London undertaken | £—-U.S.$1.91-3/16.
مدحسنه
overpaid on
of Benin Iscocte Tax which may be woartazed at any of IN
Agracım and Branches.
A BREARLEY,
Manager.
Hong Kong, 1st January, 1935. ....
RAW RUBBER
THE CHINA & SOUTH SEA BANK Latest Quotations From
LIMITED
(Incorporated in China)
Head Office-Shanghai
Capital Reserve
Singapore
Messrs. H B. Joseph and Co. have received the following .$7,500,000.00
Singapore in quotations from $1,500,000.00
Straits Currency for Raw Rubber:
periods in Local Currency sad baring on w Branches-- All Important Cities
which will be quoted as appistmison.
ALSU up to date SAFE BEPOSIT BOXES is Tarocia E TU LET.
Hong Kong. 24th February, 1936.
HONG KONG SAVINGS BANK
Ibm Baware of the above Bank sa voodiacted by the BONG XONG AND. SHANGHAI BANS ING CORPORATION. Ram may be obtained wa application
FOR THE HONG KONG AND SHANGEN. JANKING CORPORATION,
V. M. GRATBCEN,
Chad Macaqu
Hong Kong, 4th February, 1936.
THE BANK OF EAST ASIA, LTD.
Auziariod, lepilat mun Pad-up Capri Simrad Uadiused Prožis mě 2,080, 235, 32
Lios.
HEAD OFFICE-HONG KONG.
10, Des Virus Road, Capital
BOARD OF DIRECTORS:-
Chairman; 14 Mom
Cane, King P. £ Cog. Egy Chan Ching bbak. Eng. Sang Kac N. Eng.
ban luzy Po, E. Chic Nasager.
The Fous. Eng. Manager.
مجید
BRANCHES AND AGENCIES:-
Manila
Chins
Foreign Exchangs and General Banking Buxicana tramaciad.
Current and Saving Accounts opened and Fited Spot. Deposita ered for som 2me or aburme pacioca Apr./June
Tim which will be quoted on applicat
SOC Z CHANG,
Mainga.
HONG KONG BRANCH: 3. Dem Vasr Bond, Central
Manager's Of
Foreign Exchange Dept, ment
Castuer's Off
Tel. 30955 *3506
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 cription of banking business transact- ed
Current Accounts and Savings Ac-
July/Sept. [Oct/Dec.
Market:-Quiet.
Buyers
37% Up 37% Up
38 Up *
Cp
LABOUR STRIKES IN AMERICA
New York, Saturday. Messrs. White. Weld & Company. New York Correspondents for Messrs. S. E. Levy & Company. Report:-
Stocks: The
continued
uncer-
Banks
issued
HK Bank $1865 m. H.K. (Loa. Reg.) £111. Chartered Bank £16 n. Mercantile Bank A. and B
$32 1 Mercantile Bank C. £14% 1 Bank of East Asia $83 a.
Insurances
Canton Ins. $310 m. Union Ins. $615 b. and sa. China Underwriters $1 ae HK Fire Ins. $300 n. International Assce. Sh. 13 0.
Shipping
Douglases $80 D.
ELK. Steamboats $7.40 n.. Indo-Chinas (Pret.) $35 EL Indo-Chinas (Def.) $36 z Shells (Bearer) 135/7 E Union Waterbosts $10
Docks, etc.
Annual Bace Meeting, 1937 INTRIES for the above will close at 5.00 pizz. on SATUR- DAY, 16TH JANUARY, 1987, st the Secretary's Office. Exchange Building.
By Order of the Stewards.
C. B. BROWN,
Secretary. Hong Kong, 11th January, 1937.
PUBLIC AUCTIONS
THE Undersigned have received
Tinstruction to sell by Public
Auction on
CANADIAN PACIFIC
WORLD'S · GREATEST - TRAVEL · SYSTEM. Offers Two Routes
HONG KONG TO
THE PACIFIC COAST
17 DAYS HONG, KONG TO. VANCOUVER
via the Direct Express Route
IS DAYS HONG KONG TO VANCOUVER
via Honolulu, "the Paradise of the Pacifie"
Tuesday, the 12th January, 1937, 29 DAYS HONG KONG TO UNITED KINGOM (via direct connection)
commencing at 11.00-am.
at their Sales Room,
Duddell Street
A Quantity of VALUABLE HOUSEHOLD
FURNITURE Terms: Cash on Delivery."
LAMMERT BROS.
Auctioneert
THE Undersigned have received
Tinstructions from Madame
H.E. and K. Wharves $107 n. HK and W. Docks $144 b. and Dombreau to sell by Public Auc-
SL.
Providents (Old) $1.70 n. Providents (New) 20 ds. n. New Engineering Sh34 ǹ Shanghai Docks Sh.$90 n.
Mining
Kailan Mining Ad. 16/3 m. Raabs $12.85 1.
Venz. Goldfeld $3 1.
Lands, Hotels, etc. F.K. and S. Hotels $6 1. H.K. Lands $34 n.
HE 4% Debentures $105. Shanghai Lands SE$16 n.. Metropolitan Lands Sh. $10 n. Humphreys $94 -
H.K. Realties $4.50 s. Chinese Estates $76 1. China Realties Sh.$i n China Debentures Sh.860 n.
PHILIPPINE MINING
Antamoks
So Shou Bay Voce 100
Tong Chu Love Fog. and Jan Jing: Counts opened. Fixed Deposits retainty with regard to the labour ceived at rates which will be quoted situation and the Government at- jon application.
titude with respect to atilities Trusteeship & Executorskip under makes for some irregularity. but taken. Safe Deposit Boxes for hire.
the underlying feeling is still good PHILIP GOCK CHIN,
and we would look for definite im- Chief Manager.
provement on any signs of clari-Atoks
Gold Baguio fication of the situation.
Balatoc Mining Benguet Consol Benguet Explor
•Wedre Eig Wheat: Professional traders are Consolidated Mines
Demonstrations Ipo Gold
Neaidia
Melbourne
- shad
bombay
Calcutta Canton Haiphong BADKOW
New York
Pane
Temples
HONG KONG HEIGHTS
Pranag
Banguos
Tokyo.
Das Francisco
VEDOORWE DEDAME
Kobe
ti Low.com
London
business tasossded.
Kurt
SOUTWORTE
ELICE
twydmay Taśmniko Trentais
Business shares
done:
"
1.450.000
For the information of visitors Every derision of Beaking and Tabthe following list of some of the reported to be good bayers of old
Lose greated on append highest points on the Island and crop on unfavourable foreign poli-31. Rese
tical news and on increasing evi-1 Catwal Accousse speded in Local Cup Mainland is published:---- and Fixed Deposited for
dence of European needs. We toons
Masbate Consol any Northern 365 would buy May position on set-backs.
'abortet periode sa Loval and Fowign Currencies
uo verde which will be quoted on appisosti
Sale Depot Bare To Lat.
KAN TUNG TO."
Chin's Manage
ISLAND
Feel
Victoria Peak.
1,823
THE YOKOHAMA SPECIE BANK Signal Station
Capital (fully paid-up) Yen.100,000,000
Reserve Fund
оп
Mizing
Paracale Gumans Salacot Mining Total sales:-27.496,000 bushels. San Mauricio 1,774 Cotton: The large
percentage Suyor Consol
United Paracales 1.754 Lot low grades in Government loann
Coco Grove 1.725 cotton and the present' poor de-G. Goldfield 1725 mand for such grades is likely to E. Mindanao 1,305 cause delivery of low grades
March at the present premium. We switch would therefore advise a from long March to May and July. Flash: Production of motor-cars and trucks in the United States 3,124 and Canada during the past week
totalled 96,780 units.
LIMITED
Mt. Parker Mountain Lodge
The Eyrie
Established 1880
Peak Hotel
Yen 130,900,000
Mt. Davis Bowen Road (filterbeds)
877
297
Head Office: YOKOHAMA
MAINLAND
Feet
Taimoshan Kowloon Feak
Branches and Agencies at..
Alexandria
Bangkok
Batavia
Berlin
Bombay
Calcutta
Carton
Dairen (Daing)
Moji Kagasaki
Nagoya
New York
Osaka
Paris
Peiping
Fengtien (Mukden) Rangoon
Kamburg
Hankow
Harbin
Four Konf
Honolulu
Elsinking
Karachi
Kobe
London
Mazila
Los Angeles
Rio de Jenciro
San Francisco
Seattle
Semarang Shanghai
Singapore Sourabaya Sydney Tientsin Tokyo
Tsingtau
Yingkow Interest allowed for Current Ac-! counts.
Deposits received for fixed periods
on applica at zates to be obtained tions.
Y. KANO,
Manager, Hong Kong, 13th November, 1936.
THE
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED-
(Incorporated in China)
Capital paid-up. *--- ...$5,000,500. Reseryes
7.$7,500,000. Capital Strings Dept. $500,000. Reserve Savings Dept: $600,000. - Head-Office.....Shanghai, t
---_A_Bank_baving as ita „mission the.. Industrial development on China, and the fostering of her cotamercial relations-strand. Hong-King Orname
* 6. Queen's Bend Central “Phone 3 116.
1,971
SAFETY
for your travel funds
The funds for your business or pleasure trip' can be safe- guarded if, before leaving you have us convert them into
AMERICAN EXPRESS TRAVELERS CHE QUES
They are spendable everywhere and no identification is neces- sary other than your signature. If lost or stolen, uncounter- signed, your money is refund- ed. Issued in denominations of $10, $20, $50, and $100. Also in Sterling £2, £5, and £10.
THE AMERICAN EXPRESS CO., INC. Incorporated with Limited Liability in US.A
No. 4, Des Voeux Road C.
+
Clasing
Rates Sales 10 am. Local in Pesos Currency
$1.75
الم
20%
Public Utilities H.K. Tramways $12.90 n. Peak Trams (old) $6. Peak Trams (new) $23% 1. Star Ferries $93 .' Yaumati Ferries $25 s. China Lights (Old) $18.80
$13.60 sa
C. Lights (New) $10.40 n. H.K. Electrics $56 sa. Macao Electrics $20 E. Sandakan Lights $10 . Telephones (Old) $30.80 n. Telephones (New) $10% n. China Buses Sh$11% Singapore Tractions 27/— r. Singapore Pret, 27/- a-
Industrials
tion an
Thursday, the 14th Jan, 1937 commencing at 11:00 am.
at No. 14 Hankew Road, Kowloon. [2nd floor)
A Quantity of VALUABLE HOUSEHOLD
FURNITURE
On View from Wednesday. the 13th January, 1937.
Terms: Cash on Delivery LAMMERT BROS,
Auctioneers.
Hong Kong, 11th, Jan., 1937.
CUT IN CAPITAL APPROVED
CROSSE AND BLACKWELL SCHEME
The petition by Crosse and Blackwell Ltd., for confrmation of a reduction of its capital from £10,000,000 to £995,582 148 8d was granted by Mr. Justice Cross- man in the Chancery Division.
been
An adjournment Fad made to enable opponents to file evidence.
Mr. W. Gordon Brown, for thei company, stated that the reduc- tion would be effected by cancel- ling 60 per cent of the issued Pre-
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
SPANS THE WORLD
URGENT
NEEDED AT ONCE
Tel. 20752
WINTER CLOTHES FOR MEN AND BOYS
WOOLLEN SWEATERS: OVERCOATS: UNDERCLOTHES: SUITS: SOCKS AND SHOES
START THE NEW YEAR BY HELPING
OTHERS
ference stock, extinguishing two HONGKONG BENEVOLENT SOCIETY
thirds of the Ordinary stock, re-
NOOD
ducing 94,150 1s Ordinary shares Monday & Thursday from 10 am. to Noon/o. 11 Lee House St. which were issued for cash at 2s)
each to 4d each, and by cancelling|
the unissued Preference and Or dinary stock
The company was taking power WHITE SETTLERSing internal markets.
to increase the capital back again to the original $10,000,000.
IN TANGANYIKA
"
SCHEME TO START NEXT YEAR
ON COMMUNAL LINES
Mr. A. de W. Mulligan, for Mr. s.. Charles Reid and Mr. George Whitney, who represented about 300 stockholders, said they would) net object to the reduction of! What capital if it stood alone. they did object was that at the! company meeting the chairman ruled that amendments would not; be admittted.
It is hoped that the first settlers All the resolutions
under the scheme for communal were put en bloc.
Mr. Gordon Brown: By consent white settlements in the Southern Tanganyika will Highlands of of the meeting.
Mr. Mulligan: The effect of leave for Africa early this year. that was rather extraordinary. The scheme, which launched un- The view the dissentient stock-der the direction of Lord Chesham, holders took was that the effect is based on the principle of mixed of barring any amendment was to farming conducted, under central put into the hands of the direc-marketing schemes. $2tors still further power to issue from the settlers' point of view
| stock or shares, and so "water-are:
down" the capital again and make available
Cald., Macg. (Ord) Sh.$191⁄2 Cald., Marg. (Pret.) Sh.315 1. Canton Ices $2.05 m. Cements $11 b.
HK. Ropes $231⁄2 n.
Stores, etc.
Daily Farms $224 b., Watsons $44 2 Lane, Crawford: $63⁄41⁄2 Sinceres $24
n.
Wing On (EK.) $50 n.
Cotton Milla
Ewo Cotton Sh$15 n. Shanghai Cotton (Old) Sh.$85
Za
to themselves
more
Its merits!
Non-competitive salesmanship
Good Cattle Farming
The area in question is extreme- ly fertile and well-watered. The basis of farming on these down- lands must be cattle. In this part of the territory there is a short- age of stock at present. There is az assured intemal market, too, for butter, butter-fat and cheese, and steps will be taken to arrange for central dairying.
At present, most of the cattle on the company's stock farm ; are grade red-poll, and several first- İclass. bulls have already been Žu- ported. With the huge areas of excellent grasses on these high- lands, the future of cattle farming seems assured."
Pigs are considered in essential" adjunct to dairying, and the com pany has acquired a bacon factory for its settlere.
Of cereals, wheat mast form the
money to expend in what the dis-by those skilled at the work, forstaple crop. The settler can pro-
cure from the company's stock sentient stockholders regarded as experience has shown that even
the best of farmers are often poor farm teams of trained oxen and "wild cat schemes.
salesmen; and
drivers for ploughing. Maize is a. Dependence on a number of pro-fuseful subsidiary, and a small
Mr. Mulligan contended that, the chairman having refused: any
Shanghai Cotton (New) Sh$60 amendments, the resolutions were ducts rather than on one steple acreage will probably be grown to
b.
Zoong Sings Sh $31 n.
Wing On Textiles Sh.$36 n.
Miscellaneous
Entertainments" $37/h Constructions (Old) $1% 1 Constructions Qiew), 42
Vibro Piling $53⁄41⁄2 n.
Ch. Gort 5% 1925 G.$Eds.
933% 24
B
ct
bad.
crop. For the oversez farmer often provide food for labourers and After more discussion Mr. Mil-puts all his eggs into one basket, stock | ligan said he did not propose to The
company proposes to Finally, during the last few contest the petition any further. operate in the Iringa Highlands of years a most useful addition to the His, clients, and a good many of Southern Tanganyika, în an farmers' profits on the highlands those they represented, took the on the main Cape to Cairo road. has come from tobacco. A heavy view, when the chairman stated Here they are in a position to type of Virginian tobacco is grown that no amendments "would be
offer boldings to settlers, with the which is blended with the tobacLO accepted, that the combination af
the reduction resolution with the advantages of completed roads, of Uganda..
H.K. Govt. 4% Lom 8% premjother resolutions would be disthe provision of expert advice to Those who are interested in the advantageous to the stockholders, the new-comer, certain pooled re-scheme feel that the settler will be Mr. Justice Crossman said he sources, such as cattle dips, and a assured, if not of sudden and me- thought that there had been some prepared marketing scheme based teoric returns, at least of a small ground for the misunderstanding on the known expacity of the exist-but-certain-incom
BLK Govt 3% Loan 6%
prem bu Wallace Harpers: $4 11.