BANKS
HONG KONG - AND SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION INDIA, AUSTRALIA & CHIKA
Authorised Capital He
0,000
Issued and Fally-Paid-up. 20,000,000| Reserve Funds:
Starling
£6,500,000
Hong Kong Currency
Reserve ......$10,000,000 Reserve Liability of Pro-
prietors
Agencies and Branches:
Jocorporated by Royal Charter, 1953.
HEAD OFFICE: LONDON
|Paid-up Capital
£3,000,000
Banerve Fund
£3,000,000
$20,000,000
| Reserve Liability of Pro-
prietors
£3,000,000
Alor Star
Boile
Baarung
Amster
Ipok
Bangkok
Launchi
Satheredg
Sercabe
Bomber Calcune
Shanghai
Kuala Lumpur
Singapore
CAO
Catacom Carbu Colema Bathi
Surabaya Tapsag
Madab
w York
Toogta
1
Haphong
Piping
Hamburg HADAY
Woking)
(odlet Zingto
PADADE
Zamboanga
- HEAD OFFICE: HONG KONG.
BOARD OF DIRECTORS. Hon Mr. J. J. Paterson.
Chairman.
G. Miskin Esq. Deputy Chairma
A. H. Compton. Est-
Hon. Mr. H. Dodwell,
M. T. Johnson, Esq.
3. R. Hasson, Esg.
S. Morrison, Esq. T. E. Pearce, Esq-, AL Shields, Esq- V. M. Gray Barn, Esq. Chief Manage
KOT
KLMNBOX
MALAVIA
CLATON
CHAPOO COLUMBO
POUCHOTE
HAMBURG HANKOW
BUNGKER LOLA
JUHURE
JOBS
KOWLOON
BRANCHE:-
KUALA LEXPER
LONDOS
LYUNS
XALASCA
MANALA
MUAK (Jobon)
XULDEN
NEW YORK
PEIMING
PEDANG
RANGOON
SALON
SAN FRANCISCO
SHANGHAS
SINGAPORE
BULBABAYA
SUNGE FATAXI
TLZATEN
TOKYO
- TGTO
JURUKAMA
Current Accounts opsoed in ivos Curvery sad Fixed Dupont moived for on Jar o NDIHE
Barba
حافظ
Foreign Exchange and General Banking busiame
устны
Current Accable opened and Fixed Deponita receved for one year de abertat panada T which will be quoted-on application.
The Book's Bend Offos in Landon undertakan, Exc
bussions, and can mcovery of British Income Tax overpaide" "00 unegas "whjok 2007 de madermined at any s [Agrocans and Brinches.
A. BREARLEY,
Manager. Borg Kong, 1st January, 1935.
THE CHINA & SOUTH SEA BANK,
LIMITED
(Incorporated in China) Head Office-Shanghai
Capital Reserve
$7,500,000,00
$1,500,000.00
persed in Local Currency and breeding on teens Branches-All Important Cities m
ALTO LAT
OM DAVE TUPOLIZ BOTES in Hong Kong, 24th February, 1935.
HONG KONG SAVINGS BANK
The Beminees of the shore Back in Quadroteć by the HONG KONG AND SHANGHAI BANK- ANG CORPORATION, Pelas may
be obtained
FOR THE HONG KONG AND SHANGHAI BANKING COMFORATION.
V. M. GRAYBURN,
Casal Manager.
Hong Kong, 24th February, 1985.
THE BANK OF EAST ASIA, LTD:
-$50,000,000.00 Authorin Capica!..
$ 6,500,000.00) Pudup, Capital m limeriad Lalinded Pratite 2,686,226.50
HEAD OFFICE HONG KONG.
ID, D Vans Boad, Canzoni
BOARD OF DIRECTORS:-
China Foreign Exchange and Gwaral Banking Business | Lanacted
Carrer and Sewing scxcutie opeced and Zitud, Deyonate rrosivui lor car year or navesse parola ul. 26300 which will be quoted an appliación.
SOC Z CEANG,
Xange.
HONG KONG BRANGE: 3. De Varuz Boss, Content
Manager's Of
Fowig Ezolange Dapt
Geral OfCon
Cashier's c
Tel. 29563
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 tramacte
Has bir chouson Chew, Chairman; Lá Xoaned. Chu, Z. P. I. Iva Log, Frans You Tem q China Ching Bhat,Enqu_EA_ _Lam wanga Wong Căm 206, Esq. and Ang Ting F', Eng.
Xau Tung Po. Esq. Chief Maangat.
La Tao Fool, Logo, Masopu
Katarín
BRANCHES AND AGENCIES:-
Bembey
Calet the
Conta Halphong
Kobe
Xaw.com
Ladou
Maze
Melbourne
Nagk
N York
Owen
Patan
Faping
Penang
Kangoos
San Francisco
Bermeng
یں عالم
Singapor Sourate Swatem
Yosokame
Every action of Banking sad Kashango basis transected.. Louna pasted on apprević
Turim
Correct Boomate opened in Level Cazibey and Fixed Deposita el jurats JOHN AN aborier periods in Lonal und Foreign Eperoncim on vertbe which will be quoted on application..
Safe Deposit Boss To Let
YAN TUNG гo,
Chief Manage.
Current Accounts and Savings Ac- coreta, spezed. 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.
LOCAL DOLLAR
STEADY
Silver Prices Fall Sharply
The local dollar is steady, open- ing on demand this morning" at|
THE YOKOHAMA SPECIE BANK 1/2-
LIMITED
Established 1880
Capital (fully paid-up) Yen.100,000,000 | Yen 130,900,000! Reserve Fand
Head Office: YOKOHAMA
Branches and Agencies at
Moji Nagasaki Nagoya
Alexandria Bangkok
Batavia
Berlin
New York
Osaka
Paris
Peiping
Fengtien (Mukden) Rangoon
Bombay
Calcutta
Canton
Dairen (Dainy)
Hamburg
Hankow
Farbin
Hong Kon
Hinking
Karachi
Henokala
Kobe
London
Mazila
Los Angeles
Rio de Janeiro
San Francisco
Sexttle
Semarang
Shanghai
Singapore.
Sourabaya
Sydney
Tientsin
Tokyo
Tringtan
Yingkow
Interest allowed for "Carrent Ac-
counte
Deposits received for fixed periods at rates to be obtained on applica-
tions.
Y. KANO,
Fiche Konz, 13th November, 1336.
THE
SHANGHAI COMMERCIAL & SAVINGS BANTALAMUTED:
** Encorporated in China)
Capital paid sup
Capital Savings Reserve
$5,000,000.
"Spot" silver fell to 20% while "forward" was down to 2011⁄2
The London on New York cross-| rate was quoted at £-U.S.$4.91, while the New York on London cross-rate was quoted at U.S.$491% as compared with'
THE CHINA MAH, FRIDAY, JANUARY 15, 1937
OMMERCE AND
FINANCE
LOCAL SHARE MARKET
TODAY'S QUOTATIONS
The following was the Hocal - sösre quotations
to-day-
Banks
CHINA'S 1936 RECONSTRUCHON EFFORTS UNDER REVIEW
China's efforts in the develop-ythe improvement of the prodne- ment of agriculture industry.tion of millet and other miscal- commerce, “mining, fishery and Janeous cereals
forestry in the year of 1986; are
{reviewed in a report issued by Mr.......
Farm Credit Bureau
| Wu -Ting-chang, minister of In-j To facilitate the eireilation of
dustries.
rural capital the Farm Credit
1. Agriculture. During the year Bureau was established with a the Central Agricultural Re-total capital of $50,000,000 borne! search Bureau and the Rice and in equal portions by the National Wheat Improvement Station were Government and the sponsoring responsible for the improvement banks. The Bureau has considered of of technique in their respective plans for the stablishment of co- issued fields. In Kiangsu, Anhwei, and operative treasuries, according to Central Co-operative Hunan improved rice seeds were which a
provincial treasuries planted in $1,038. mow: of land. Treasury.
list
HA (Lon. Reg.) £114.h Chartered Bank £16 n. Mercantile Bank A. and
Mercantile Bank C. 1634 Bank of East Asis $83 n
Insurances
H.K. Bank $1970_b. $1870/1830 | while. 14,000 piculs of such seeds and hsien-treasmies will be estab- were selected, ready to be planted lished with a capital of $10,000,- in no less than: 200,000 mow of 000, $1,000,000, and $100,000 res- land upon the advent of pectively. It has also mapped out spring. In 23 hsien in these three scheme for the establishment of ja network of granaries throughoutį experimental farma provinces were also established. Even better the country with an aggregate results were achieved in the plant-capital of $17,621,344 and capable ing of improved cotton seede. Aof storing about 200,000,000 picuis
¡of cereals. rich cotton harvest” was reported
A unified administration of co- in North China and along the
was in- Yangtze River valley. Meanwhile, operative enterprises
stituted Training of personnel, experiments were conducted in
promotion of co-operative. educa- tive and improvement of technique | were stressed.
Canton Ins. $505 82. Union Ins. $615 bù, 620 sa China Underwriters $1 m. HK Fire Ins. $300 n. International Assce. Sh. $32 1. Shipping
Douglases 480 21.
HK. Steamboats $7.40 z. Indo-Chinas (Pref.) $$5 1. Indo-Chinas (De£) $36 n Shells (Bearer) 136/3 n.... Union Waterbosts $1011⁄2 s.
Docks, etc. -
H.K. and K. Wharves $1061⁄2 m. HK. and W. Docks $14 b. Providenta (Old) $1.56.188. Providents (New) 20 cts: 1. New Engineering Sh.34 m. Shanghai Docks Sh.390 n.
Mining Kailan Mining Ad 17/1. Raubs $12.88 mi
Venz. Goldfield $8 n.
Lands, Hotels, etc. H.K. and S. Hotels $6 n. H.K. Lands $34 sa.
HE 4% Debentures $105 m. Shanghai Lands Sh.$16 n. Metropolitan Lands Sh. $10 E. Humphreys $91⁄2 2. H.K. Realties $4.60 n. Chinese Estates: $76 n. China Realties Sh.34 n. China Debentures Sh.$60 a.
PHILIPPINE MINING
Closing
Bates Sales
Antamoks Ateks
China-Lights (Old) $13.20
$13. $13.40 sa
C. Lights (New):$10.40 n. HK. Electrics $66 1. Macao Electrics $20 m.
Sandakan Lights $10 n. Telephones. (Old), $30% & Telephones-(New) $10% n. China Buses Sh.331% 1. Singapore Tractions 27/- n. Singapore Pre£ 27/- 1.
Industrials
b.
"
Cald, Macg. (Ori) Sh.#191⁄2 n. Cald, Macg. (Pref) Sh$15 1. Canton Icés $2.05 1. Cements $11 H.K. Ropes $24 m.
Stores, etc. Dairy Farms $224
sá
Industrial Technique
2. Industry. Improvement of in- dustrial technique may be seen. from government encouragement| of industries and granting of patent rights for new discoveries and inventions. According to sta- tistics, up to the end of last November a total of 29 articles: had been patented, 11 articles labelled for exclusive right of manufacture, 19 articles exempt from import duty and 17 articles granted reduced transport Charges.
One of the major industrial en- terprises planned during the year was the Central fachine Works 2234 with an initiating fund of $600,000 Jand an equipment fond of £128,-
Watsons $4. Lane, Crawfords $6 m. Sinceres $22 D Wing Or (EE) $50.
Cotton Mills Ewo Cotton Sh.$15.65 sa. Shanghai Cotton (Old) Sh.485 Shanghai Cotton (New) Sh$60
b.
D.
Zoong Singa Sh.431 p.
✓
CANADIAN PACIFIC
WORLD'S GREATEST · TRAVEL-SYSTEM;
EMPRESS of JAPAN EMPRESS of ASIA
EMPRESS of CANADA EMPRESS of RUSSIA
Maintain a regular service to Vancouver Empress of Japan and Empress of Canada sil vis Honolulu and Empress of Asia and Empress of Russia via the direct express route.
Air Conditioned sleeping cars and observation cars on all Trans-Continental Trains.
COOL QUIET
- COMFORTABLE
Air is cleaned, dehumidified, constantly freshened and kept at a uniform-temperature.
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
ĮSPAKƐ THE WORLD
Tel. 20752
000. Construction of buildings wasļamounting to $15,550,000 were crease of $110.145,625 as com completed and the machinery was issued and the establishment of pared with that of the correspond- ordered from England already ar-Tien Li Chimical Works with aling period in 1935. rived. Work will be started as capital of $1,000,000.
Mining InterESİS yoon as final preparations are For the development of China's 4. Mining. During the year the finished.
vegetable oil industry - a China Ministry of Industry granted min- Several alcohol distilleries were Vegetable Oil Refinery Companying licenses to 166 private owned inaugurated, including the China was established jointly by the mines with a total area of 1,174,- Alcohol Distillery Company, the Ministry of Industries and the 638 mow, and surveying licenses to Shensi Alcohol Distillery, and the Chekiang. Szechwan. Hunan,five mines with a total area of Tientsin Alcohol Distillery Com-] Hupeh, Kiangsi, "Azhwei. and 35,466 mow. pany with a capital of $500,000. Kwangsi Provincial Governments. In view of the importance of being capitalized at $2,000,000. petroleum in industrial develop. Paper Industry The paper industry also took a The Company has its head office in ment survey of petrolero mines forward stride as a big paper mill Hankow, and has planned to estab-in Yenchang and Yenchuen by the with a capital of $4,500,000 was lish refineries in Shanghai, Wanh- Shensi Provincial Government and ets. planned in Wenchi, three
Chungkiang. new sien,
Changteh.in Kiangtsin by the Szechwan Pro paper mills established in Kwang-Changsha and Hankow,
vincial Government.. tung, and reorganisation the paper
Sugar Factory
To promote the coal industry a mills in Fukien and Kiangsi. Qfj A big sugar factory was estab-conference of coal merchants was great importance to industrial de-lished during the year in Neikiang, convened by the Ministry last June HK Govt. 4% Loan 8% premvelopment was the establishment Szechwan with an estimated capi-to discuss measures for the distri
Wing On Textiles Sh. $44 b.
Miscellaneous Entertainments $4. Constructions. (Old) $1% Constructions (New) 40%
10 am. Locs!
în Pesos Currency }
170
53
Baguio Gold Balstoc Mining « Benguet Consol.
.30
1414
2014
.04.074
31
.68
Ch. Govt 5% 1925 G. Bas.
93%
*
1.80
130
Benguet Explor Big Wedge Consolidated. Mines Ipo Gold
Min. Rest.
Twin Rivers
I. L.
Itogons Com
Mashate Consol Northern Mining Paracale Gumaus
Salacot Mining San Mauricio Suyoc Consol
United Paracales Coco Grove G. Goldfield E. Mindanao Santa Rosa
1.50
ST
3914
40%
*0* *90*
Public Utilities H.K. Tramways $1234 m. Peak Trams (old). 36% ¤. Peak Trams (new) $23⁄41⁄2 z. Star Ferries $93 11. Taumati Ferries $25 n
(Continued on Nezt Col.)
*
•
Vibro Piling $5% n.
b.
HK. Govt. 34 Loan
prem; b. Wallace Harpers 34 n.
of a plant for the manufacture of tal of $10,000,000, while the sugar bution and marketing of coal. 3% curphate of ammonia by the Yung factory in Tsinan established by Meanwhile, steps were also taken
Li Company for which debentures the Pu Yih Industrial Company, for facilitating the export of tang- (Continued at foot of Next CoL) (which was suspended in 1927 ow-jsten and antimony.
ling to business depression, was re- 5. Fishery. To regulate the sup=" ply of fish in Shanghai and its opened.
Besides these major industrial vicinity a Shanghai Fish Mart was enterprises small factories and established last May by the Minis- workshops by private interests try with a capital of $1,200,000.
New York Share Market
Messrs. White, Weld & Co COMMODITY PRICES
The following quotations have been received by Beater: Stocks: The market today was
Prev. Yesterday without any decisive developments,
Closing Closing with traders trying to out-guess New York Cotton: the results of the Labour Con-!!
January ference. The failure of utilities to March
pany, New York Correspondents for Messrs. S. E. Lery & Com• || pany, report:-
{£££16:35 236 23611 follow the advance in industrials Blay
TRAVEL
American
Express"
A World Wide Organization
{September 21-7311 Grains:-The present difference December ... 2164c between September wheat and
Chicago Wheat: September core is too narrow, com- May sidering the world wheat situation July
on the time of the season. Wel September therefore favour purchases of Chicago. Corn: September wheat against sales of May September, corn' at the present July
11.92n 13.01
during the year numbered 116 with The accumulated profit reaped by an aggregate capital of $1,872,000- the Mart during the year amount- To relieve the depressed matched to no less then $3,410,254. "An- industry measures for co-operative other important step toward the manufacture and marketing were development of the fishing indus- promulgate by the Ministry of In-try was the organisation of the dustries.
Fishery Consortium with 3. Commerce, For the promotion initial capital of $1,000,000.. of native goods the establishment 6. Forestry. Forestry projects in of a Native Goods Joint Sales Cor the Northwest and various other poration under the joint auspices parts were enforced during the of the Central and provincial go-year by the local governments. ernments, native goods factories with the assistance of the Central. and companies with an estimated Government In Nanking a model capital of $2,000,000 is plazmed forestry station was established at Feverish preparations for the in-Chintzelang where 2,463,731 auguration of the Corporation are young trees and 6,041,667 saplings being made by a preparatory.com-were planted-Central News
Agency.
mitter
To improve the quality of native goods a Native Goods Examina- 133% tions Committee was organised by
TAIPING PASSENGERS
1154 the Ministry of Industry last 111% February. Up till now examink from Hong Kong per s.s. "taping" The following passengers departed
12.41. 12.38
19.47
12.37
12.43 12.35
invites trading caution. Consoli-July dation of recent gains is likely to October
12.31
1228
11.90
11.93
{ bring 2 downward move before the December
resumption of the advance, unless Spot
11-32
13.06
the market should be
stimulated New York Eabber:
by favourable news.
Business done: Bizares.
March 3,260,000 May July
22.12
22.083
21.95
21.93
21.85
21.83
21731 21,660
125 117 112%
"
differences:
September
108% 103% 1:03
Total sales of wheat: 30,150,- Chicago Cern: 1000 bushels.
New
Cotton:Domestic consumation
for December was 90,000 bales
over the previous record for the May
{month of December, We expect July
continued large r consumegédes 37imipeg Wheat: through the first quarter of this May
123%
year.
July
-123
October
1:1234
1221 111%
SINGAPORE RAW RUBBER
B. Buk
tion of Beemen and Tunchi tea for Australien ports via Maria Mar 1094 and Hunan" rice has been started | Arnott, Mr. and Mrs. Arnott, May 1. 104
As a preliminary step to develop Alexander, Miss CL, Arleng, Mrs. Abbie, Mrs. Bentley, Miss C. Bryant, 103% overseas trade in the South Seas, Mr. C. W. E. Bishop, Mise
an investigation party was sent Ms. Burridge, Mrs. Beintrose, New there last July jointly by the M. P. Brady, Rew, and Mrs. 1. E. Contracts Contracts Ministry and the China Industrial Bartram, Mrs. Clack Mr.
Cheong
**Cable Opening Closing Association. The party passed Cameron, Miss B. D.
Mise B. Crook,
M Cameron Master 1-12% 111% through the Philippines and the F. O'Carroll, Mr. C. C.
Chapma 107% 107 Netherlands, British and French Hinɛ A. G. Í
7. Davis, Mr. L ccionies in the South Seas, gather-Disbrows, Miss P. L. Disbrows, Mrs. G. Disbrows, Master N. 1274ing important data.
Dunn, Mrs. Deans, Miss D Steps taken during the year for Evers, Mr. P. A. O. Ewing, Mr. C.
Foler, Mr. S. Farrell, Mr B. Grifidis, Fizshes ----The Reynolds Tobac
the promotion of foreign trade in-Me S. Gillespie, Miss E, Hailes; Mr. co Company has earned 299-268;-
cluded the encouragement of ex C. E. Biltwell, Mr. E Latey, Mr. 33 |135-for the rear ending December
ports and imports, notably oil cot Latale, Miss M Mitchell,
Morse. Mr. 31st, compared with 323,896;298)
ton, tes, and Trulis, the formula-
Mr. E. Newell, Mz. D. Or. for the previous year, shap pa
Messrs. H. E. Joseph & Co., re-tion of plans for the establishment . E. Pilcher, Mr. and The United Corporation has!ceived the following quotations of an export agency and the Fietzcker, Miss La Pilcher, Me
earned 19 cents per share for the from Singapore in Straits year ending December 31st, com-rency for Raw Bubber:
Ipared with 11 cente per share for
No. 4, Des Voeux Road, Central.
estants in Jof 50 cents per share.
[the previous year
The General Foods Corporation -{has declared-dyear
dend
Spot 37-4-b.-Down 1⁄4--
Cur-¡pointment of a commercial attache Plunket, Rey, J. R. Bentoul,
in the Chinese Embassy in Tokyo State Spro Miss P. Shetland, As a result of government assis Mrs. D. Stuart, Mr.
· Apr:/June 37-34 b. Down 1⁄4 (tance and encouragement, the m3- Master GJ, Shetland – Mrs. Thom July/Sept. 3771⁄2 %. Down 1%. favourable balance of trade dur Mrs. H. E. Thompson, Miss A.
Wilson, Miss E West Me Fabe/xroh-37-3% be Down 14ing the period between last-Jean-C Watt Captain and "Market: Quiet.
Jary and last October showed a de Wilson