1
BANKS
HONG KONG AND SHANGHAI THE CHARTERED BANK OF
-BANKING CORPORATION
Authorised Capital
$50,000,000
Issued and Faily-Paid-up 20,000,000)
Reserve Funds;--
Sterling
£6,500,000
Hong Kong Currenty
Reserve ....$10,000,000 Reserve Liability of Pro-
prietors
$20,000,000
HEAD OFFICE: HONG KONG
DCARD OF DIRECTORS. HC Mr. J. J. Paterson
Chaitzant.
C. Miskin Esq.
Deputy Chairman.
J. 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,
A Shields Esq-
V. M. Graybum, Esq. Chial-Kanager.
BRANCHES :
JOHORE
TORE
KOWLOON
ICALA ZUMITE
LONDON
ས་
LYONG
MALACCA
MANILA
XCAR (Jobor)
YURDEN
NEW YORK
PELPING
PENANG
RANGOON
SAIGON
SAN FRANCISCO
SHANGHAI
SINGAPORE
SOURABAYA
SUNGEI PATANI
TLESTSIN
TOKYO
TSINGTAO
TOKOELMA
INDIA, AUSTRALIA & CHINA
Incorporated by Meyal Charter, 1953.
HEAD OFFICE: LONDON
Paid-up Capital
Reservi Fund
| Reserv Lisbility of Pro-
prietors
£3,000,000: £3,000,000
£5,000,000
Agencies and Branches:
Rangyon
Sapan
edwab
Slangbaa Singapore
Alor Se
Lolo
Ampitan
Bangki
Fatavia
King
Bombay
Nobe
Celtic
Kona Lampur
Kuching
St
Cawapon Cebu
Madm
Sww.ba
Vanila
Tuping
Colombi Delbi
Medan
Naw Yack
Tongin
Haiphor
J'aiping
(Bumbac)
(raking) Patang
Lamboanga
Hambur Harshow Hurbis Bong Ex
Destac
Formen Exchangs and General Bacing busies
Sistas deccaule opened and Fixed Depost
Cropis veed for one year or shorter panoda až zabr
viach wứ be qunted on application.
Soubor sd Frames Sunnuda
THE CHINA MAIL TUESDAY, JANIARY 12, 1937.
Commerce and Finance
Lancashire's Anxiety Japanese Pact With Australia
the
ex
"London, To-day, so an to make it practicable for Anxiety about the effect on the Australia to maintain more favour-j British cotton and rayon trade ofjable terms for the Lancashire tex-
recent Japanese Australian tile export" trade. Commercial Agreement, was
The Board decided to support] pressed at a meeting of the Board representations to the Premier, of Directors of the Manchester Mr. Stanley Baldwin, urging that Chamber of Commerce yesterday. the Cabinet should adopt a policy
An official statement, which was of stipulating in “discussion
on
The Back's Head Office in Londes undissted after the meeting, expresscommercial agreements with the sovery of Britisk Income 34% prepaided the opinion that the United Empire and with foreign coun- Kingdom Government ought- to tries that satisfactory assurances effectively of a stable market for British cot- co-operate much more
wesen "what may be monctacted så atý Đô zmi Agencies und Besohet.
A. BREARLEY,
Manager
Hong Kong, 1st January, 1985.
with the Australian Government, ton and rayon goods be made an absolute condition of Favourable terms in the United Kingdom market-Reuter.
THE CHINA & SOUTH SEA BANK, COMMODITY PRICES
LIMITED
Capital
Reserve
(Incorporated in China) Head Office-Shanghai
$7,500,000.00 $1,500,000.00
Manager's Office
Foreign Exchange Dest
General Offe
Cebu's Qice
The following quotations have veen received by Reuter:-
Current Locate opened in Local Currency and Hawt Deposit rensved for one year or short
periode is Load Capsary sad bating on a Branches-All Important Cities January
which will be quoted on appliostaon.
ALSO up to a SAYS DEPOSIT ZOIIS in *Cum să TO LEL
Hong Kong, 24th February, 1886.
HONG KONG SAVINGS BANK
The Busion of the show Bank is conducted
ky nam 2030 LONG LẠI KHI NGHI BÀN ING CORPORATION. Bạìm may be abuisel on applicBALZA.
POK THE HONG KONG AND SHANGHAI SANKING CORPORAZIOS.
V. X. GRAYBURN,
Hong Kong, 24th February, 1935.
THE BANK OF EAST ASIA,”LTD.
Authorised Capéza
Hower and Undivided Profim word 2.66536.32
HEAD OFFICE :—HONG KONG.
10, Des Voeux Road, Cenin
BOARD OF DIRECTORS ----
Current and Sering docounts opened and Fixed Dopensie Bourred for con year or shorter paroda aberakom vhich will be quoted as applicatics.
SoC Z CHANG.
Masagut.
HONG KONG BRANCH: 24, Des Your Boat, Central
THE WING ON BANK, LTD.
Prev. Yesterday Closing Closing
LOCAL DOLLAR- STEADY
Silver Prices Vary
The local dollar is steady, open- ing on demand this morning al 1/278-
· “Spot” silver rose to 214, while "forward” was down to 211.
The London on New York cross- rate was quoted at US$4.91. while the New York on Londor cross-rate was quoted at 5- US$4.81% as compared with —— U.S.$4.90-15/16.
RAW RUBBER
LOCAL SHARE MARKET
„TO-DAY'S QUOTATIONS
The following was the list local share quotations afte to-day.
1
Banks
EK Bank $1865 11.
HK. (Lon. Reg.) $111 n. Chartered Bank' £16 n.
Mercantile Bank A. and B
$321⁄4 D
Mercantile Bank C. £14% n Bank of East Asia $35 n.
Legurances
Canton Ins $310 m
Union Ins. $615′ b. and s3. China Underwriters $1 n. HA Fire Las. $500 n. International Assce. Sh. $93⁄41⁄2 a.
Shipping Douglases $50- 1.`
H.K. Steamboats $7.40 n. Indo-Chinas (Pret) $35. a. Indo-Chinas (Def.) $36 Shells (Bearer) 136/3 m. Union Waterboats $10% n
Docks, etc.
HK and K Wharves 8106 sa. HK. and W. Docks $1424 b. Providents (Old) $1.70 m. Providents. (New) 20 cts. a. New Engineering Sh$4 n. Shanghai Docks Sh.#90 n.
Mining Kailan Mining Ad.-16/3 m. Raubs $12.85 n.
Venz Golddeld 38 n.
Lands, Hotels, etc. H.K. and S. Hotels $6 38. FK. Lands $34-
HK 4% Debentures $105 n- Shanghai Lands Shậ16 n. Metropolitan Lands Sh. $10 m. Humphreys $9.
HK. Realties $4.60 n. Chinese Estates $76 n. China Realties Sh.$4 n. China Debentures Sh360 The
PHILIPPINE MINING
Clasitev
Estca Sales
10 am Local
1.75
train
On your way to North America
Sarobe. SEE CANADA
Cross Canada on a Canadian Pacific air-conditioned
through the world Famous Canadian Rockies
Banff Stopover at Lake Bouise
The cities of Eastern Canada ... A chain of iurious Canadian Pacific Hotels awaits you.
Comect at Montreal or Quebec with Canadian Pacific Trans-Atlantic Liners sailing by the sheltered. St. Law rence Seaway to Europe.
Information and tickets from
Your own"agent
Canadian Pacific
WORLD'S - GREATEST · TRAVEL » SYSTEM
in Pesos Currency HONG KONG MARKET PRODUCE
APPROXIMATE RETAIL PRICES
New York Cotton:
12.39n 12.34
China
Foreign Exchange sad Gepers: Banking Business Leonached.
March
1247
12.44
Mar July
12.33
12.31
1226
12.24
October
11.88.
11.84
December
1186
11.86
Spot
13.06
18.03
New York Rubber:
TALKS
23:506
March
22.19
22.44
33000
May
22.03
22.28
July
21.95a
22.10%
September
21.87
22.03
December..
2180n
21.97
$30,000,000.00
Paid-up Cap
Fead Office: Hong Kong 26, Des Voeux Road, Central Authorised Capital $10,000,000 LONDON BANKERS:- Westminster Bank, Lt Foreign Exchange and every des- cription of basking business transact-
Chicago Wheat:
May
134
1332%
July
116
1164
September
113%
112%
Antamoks
Atoks
Chicago Carn:
May
107
107%
Balatoc Mining
ed
July
1023
103
Benguet Consol
14
Hon. Sysco Chow, Chikime: Li Kawa} Chum, E.
Wond
1 h E Chace Chishek an Sang, Eng Wong Com Son, Esq. and Kat fing
Yun
Current Accounts and Savings de September counts opened Fixed Deposits re- Chicago Corn: Geived at rates which will be quoted on application
101%
1023%
Benguet Explor
.19
Ko Tu Po, Esq., Chief Mazage,
La Tae Yong. Engu Msanger.
BRANCHES AND AGENCIES:-
ri
Luney
Bateria
Bombay
Calcutta
Maxiin
Malbourne
عبان
متفوقي
PASA
Kowloon
Haiphong Eskor Homanas
Panang
Cateoks
Robe
theasgocan
Pientzia
Saigon
Toky
London
San Francisco
Yokoha
Seatt
Na Laghu
New York
Satharing
Singap
Soway
SWAL
May July
Spot
Messrs. H. B. Joseph & Co., re- New New ceived the following quotations Gur Contracts Contracts from Singapore in Straits Opening
Closing rency for Raw Rubber: 110
110% 106
106%
Big, Wedge
Consolidated Mines Demonstrations
.79 1.28/.31
Ipo Gold
3351
Buyers
Winnipeg Wheat:
Apr/June
THE
May
128%
1:2834
July/Sept.
July
1234/4
123%
Oct/Dec.
38 Up 3/5 38-1/4 Up 1/2 38-1/4 Up 1/4 38-1/4 Up 1/4
Sydney
112
Market: Uncertain.
Min. Resc. LIL Itogons Masbate Consol Northern Mining Paracale Gumaus Sulacot Mining San Mauricio Sayoc Consol.
Chicken
1.85 *.98
Capons, Small
1.80 2.88
Duck
214
..83
40
07
3.30
1.40
5.10/20
INC.
United Paracales
1.55 -
Coco Grove G. Goldfeld
92 153
3614
Geese
40
.66
Latest Quotations From Baguio Gold
Singapore
04% 07
POULTRY.
Jan. 11 Jan 1937 1918 C. Ct.
Jan. 11 Jan.
1937 1918
BUTCHER MEAT.
Beet Sirloin
Prize Cut
lb.
Every descripting of Backing, sad Exhangs banizma trazimeted. Zosas granted om ngyrored
Current Assunta spanać (in) Lama Demency and Fixed Deposite Prostred dør, one you d shorter periods in Losal and Foreign Correscias
Les which will be goosad no applicatwo Sala Dapod. Boxes To Low
KAN TUSG TO,
THE YOKOHAMA SPECIE BANK
LIMITED
Established 1880
Capital (fully paid-up) Yen 100,000,000 Reserve Fund...Yen 130,900,000
Head Office: YOKOHAMA,
Branches and Agencies at·
Alexandria
Bangkok
Batavia
Berlin
Bombay
Calcutta
Canton
Moji
Nagasaki
Nagoya
New York Osnica
Otara
Paris
Dairen (Dainy) Peiping
Fengtien (Mukden) RangooZZ
Hamburg
Bankow Harbin
Honolulu Hsinking Karachi
Kobe
London
Manila
Los Angeles
Rio de Janeiro
San Francisco Seattle
Semarang Shanghai
Singapore
Sourabaya
Sydney Tintain
Tokyo
Tsingtan
Yingkow
Trasteakip & Executorship under. taken Safe Deposit Boxes for hire.
PHILIP GOCK CHIN, Chief Manager.
AMERICAN EXPRESS COMPANY October
Incorponieś "with" Lémited Liability is V.6.1
Head Office-65, Broadway,
Capital
Surplus
Reservis
Asasterdam Antwer?
Алиени
Basic
Berlin
Bombay Browse
New York
.U.S.$6,000,000.00 2,240,344.38
BRANCHES:-
Glasgow
The Hague
Lamber
Ham
• Hedelbarg
897,612.65
عدد لا
Nios
Pirse
Puris
Pripias Basterdam
BANK OF ENGLAND'S HUGE
GOLD PURCHASE
CREATES FAVOURABLE IMPRESSION IN LONDON AND IN FOREIGN QUARTERS
The transfer of £65,000,000 of,came from Paris the afternoon. In! gold from the Exchanged Fund to launching his new internal loan the Bank of England and the re-M. Blum has modified his attitudc gold capitalists and duction of the Educiary note issue towards
m
Interest allowed for Current Ac- counts.
Theposits received for fred periods
at rates to be obtained on applica- tions.
Y. KANO,
Manwyer. Hong Kong, 13th November, 1936
THE
SHANGHAI COMMERCIAL &
SAVINGS BANK LIMITED
Cincorporated in China)
Capital paid up
Rear T
..$7,500,000.
Capital Barings Dept. $500,000. Eeserve Savings Dept. $600,000. Read-Office-Shanghai
A Bank having, as its infaición the industrial development on Chring and the fostering of her commmercial relations abroad. Hong Kour Olicemi
6, Queen's Bend Central Phone 32116;;
Cairo
Cannos Colombo Copenhage
Dublin
Edinburg Pion
Genera
Gedo
Juri Jeraminda Loodes Liverpool Lucemo Lugo LALER Marouilles
Mothe Cario
Yazila Mushob
Montrea
Воши Shanghai Southampton
Kingapor
Tinted
Vecion Yokohama Zurich
by £50,000,000 was naturally the owners,
The reception was
chief topics of City talk when the The selling arose from the be
lief that French money invested; 3znouncement was made.
favourable.here might be tempted home The step was taken to be a gesture There is no expectation of drama- although M in two directions. It reveals deter-tie withdrawals, mination to maintain the cheap-Auriol's speech was encouraging.
Treasury's Control Of Credit
Branches of American Express new of money and avoid deflation. Company in Principal cities of United States of America and Canada.
All cheses of Commercial Banking Transactions undertaken.
led.
It also shows to the world some- The Treasury's action in reduc- thing of the gold strength of Lon-ing the Bank's fiduciary issue den authorities
puzzled banking circles. Conflict-) The first effect was a strengthening theories were current as to ing the pound against the Pollar the real meaning of the change of Personal investment accounts hand-Foreign: opinion was favourably policy. While several motives
impressed. The immediate
reprobably underlie the step the ef- The Company offers to intending actions in the discount market are fect on the country's prestige Travelles the use of its "Travellers(dismssed below. The Stock mar-jabroad was fully recognised as Cheques" and Letters of Credit and,kets also read the manoeuvre as was confirmed by the demand for in addition, the world-wide services favourable, and many
sections sterling. of its thoroughly equipped Travel again showed bright features. One of the results, if not one: Some selling of oil shares and of the aims, is more effective con-: C. EL BENSON,
General Manager certain international countries trol of credit since the reduction:
Department
New York Share
Mesus. White, Weld & Com-.
Market
** |in the actual fiduciary issue leaves,
| gap of £60,000,000 which can be |filled up at any time. Whether it will be exercised depends on cir- cumstances, but if a run up in dis- count should.extend" beyond the
E. Mindanao
Doves
Large
Eggs, Hen (cook-
ing) Eggs, Hen (fresh)
58 $9 Fowls, Hainan
Pablic Utilities H.K. Tramways' $1250 n. Peak Trams' (old) $61⁄2.a. Peak Trams (new) $23⁄4 ̧¤ Star Ferries $93 n. Yaumati Ferries $25 n. China Lights (Old) $13.80 s
$13.60/.65 sa"
C. Lights (New) $10.40 n. H.K. Electrics. $56 · 1. Macao Electrics $20 m. Sandakan Lights $10 n. Telephones (Old) $30.80 12, Telephones (New) $1034 n.. China Buses Sh.$11. Singapore Tractions 27/- 1, Singapore Pref ̈27/-^`n.
Industrials Cald., Maeg. (Ord.) Sh$191⁄2 Cald. Macg. (Pref.) Sh.$15 n. Canton Ices $205 n. Cements $11 sa HK. Ropes-$2.n.
Stores, etc.
Daily Farms $2234. b., $223⁄41⁄2 sa. Watsons $414
Lane, Crawfords $63⁄4 *- Sinceres $24
Wing On (HK) $50′ 1.
Cotton Mills Ewo Cotton SE.$15 r. Shanghai Cotton
Canton
Haikow
Figeons, Canton Turkeys Cock
Snipe Pheasant, Quail Partridge
per doz. 30
FRUITS.
Almonds Lemons, China: Bananas. (bride's) Carambola
Coconuts Apples (California) Lemons, American Lichees, Dried ... Oranges (Canton) Oranges (Sweet) Fears (Canton')", Oranges (American) Persimmons, Larze Zumelo, Sixm Walnuts Grapes
A***
*h*1888 121819
39388 888898288836
Corned
Bosst
Breast
Soup
Steak
Steak Sirloin Santages Ballock's Brains
Tongue, fresh
Head
Heart
Hump, Salt
Kidneys Tzl
per
each
cach
Feet
carped
Lives
n Tripe
Calves' Head
35 ib. 150
Fort Matton
set 180 1.00
Chip
Las Shoulder
Saddle
Bezins Pig's Chillings
Feet
per set
each
· gi
*18** 1989
VEGETABLES, ETC.
Artichokes Beetroot
Ib.
Brinjals, Green
Long Red Cabbage, Chinese (Shanghai
(Old) Sh-$85 (Cauliflower (Large)
(Medium) (Sinak) Carrots Celery, Chinese Chillies, Dried
Shanghai Cotton (New) Sh$60
b.
Zoong Sings Shi531 1. Wing On Textiles Sh-$36-ñ
Miscellaneous> Entertainments $44. "Constructions÷(Old) $1% ̄n./
Constructions. (New) 421⁄2 <te
This
Vibro Piling $54 n.
pany, New York Correspondents acreage figures for the new crop recognised seasonal mevement for Meure. S. E. Levy & Com-Loffer good trading possibilities there is always the chance of in-
We would purchase near positions tervention. Pazy, part:—
Stocks: The position of rails is) on my favourable opportunity." The simultaneous action of the reflecting the contra-seasonal trzí- Total ealer:-36,652,000 bushels. Dutch Government in releasing) - "Ch. Gort 5%, 1925 G.$Bds. fic gain, which are off-setting the Cotton: Hedges are diminishing £10,000,000 of gold from its Ex- 98%Te losses m- surcharges and main- as the Season's crop marketing is change Fund to its central bank? HK. Gort, 4% Loan 8% prem- tenance. Despite the motor strike near an end’and we forecast-smallļsuggests some common central); situation, steel operations have Trade offerings, to supply outside banking action to regulate credit HK. improved due to a better demand demand: Speculative buying should as well as te control currencies. {from sarces other than the motor tend to enlarge as it is a fact that The French Government's offer ot jindustry. A: sharp spur in opera-cottair prices are lagging far bejboads on special terms to gold tions is likely in the event of ajhind the prices of other commodi-owners is another: unknown: fac- settlement of the auto strike, which, ties and this is now becoming more tor in the money situation. Bri- is still at a dead-lock. The rise widely appreciated. In some quar-tain's Exchange Fand in the past | in- brolina"-" "Tomus is indicative of tets there is zowtalicsof m) World jseems to have aimed at avoiding |is modeste cincrease în specula consumption- of 30,000,000-tales Exflationary results from its activi
Hon
Business done:
sheres
3,080,000
and we advocate the long side. tea. Now, however, the Treasury Rabber. If looks as if prices will seems to have re-inforced its drive considerably higher and we powers to keep credit cheap, when? Wheat: The bullish supply posi- would remain bullish for the outcommodity prices are rising and {Marin old"crope, and
heavy look
trade" expanitiaz:
Red
Green Curry Stud, English Coemmbers Garlic
Ginge YOKRE
Old... Horseradish, Shai Indian Corn Lettuce Olmas
Onions, Bombay
A
Green
Gort 32% Loan 3% Prema, b.
Shanghai
Parsley
Potato, sweet
Wallace Härpers $i n.
Job
PINCES
Japanese American
Pumpkin Radish Rambazh Wrench) Turnips: Pant!
(Long)
Watercress
Vegetable Maz
Water Lily Root Spinach
Tomatoer
PEASONABLE
********** (999*9999** } *** $* [§***
6
Head
Porks Chaps
Hiday
Liver
Loin
Lez
N
Fat or Land Sheep's HeadTM &
Feet
Fexrt Kidney's
Liver Suckling Pigs to
Order Sunt, Beef
Matton
Sausages No: 1
Water Fish
Crabe
888888888*****
***328288898*8 8299 48898
* ** * * * * * gd **
per.ssl. 90
each 12
蔬级
Barbel
Canton
Codesh
FISH.
Fresh
Curtle Fish
Dace
Frogs+!
Tes Longer
Eels Fresh Water
Eels Yellow
Herning
Garoups Gadgpok
Halibut
Mackerel
ster
Perch
12 3 Plaice
44Fromfret, White
tromes. 6.
Proinfest, Black
Bosch
Belmon
15
Sheek
Shrimps
Turtles “Taunche
Amen!! Fresh water.
lb. 30
8.
4898899883548388388C38302NBA
300388588988.1889989" 8888 ! 16398 18818# 87A8 ABRIL-
25
A 19889811489898989898809889889