BANKS
HONG KONG AND SHANGHAI THE CHARTERED BANK - OF
BANKING CORPORATION.
Authorised Capital ................ $50,000,000 Issued and Fully-Paid-up 20,000,000 Reserve Funds: ---
Starling
£ 6,500,000
Hong Kong Currency
Reserve
..$10,000,000 Reserve Liability of Pro.
prietors
INDIA, AUSTRALIA & CHINA
Agencies and Branches:
Incorporated. àg- Repul Chetor, 2000.", HEAD OFFICE: LONDON
Paid-up Capital Reserve Fund
$8,000,000 CS,000,000
Reserve Liability of Pro-
prietors .$20,000,000
Alor Bat
Dosie
Kangoon
Amrit
Xpol
Saigon
Banglad
weld
Sabuerung
Bombar
Xlung Labe
Serebe
Calcutie
Kopr
Con
Amoking
Cawnpore
Mara
Cebe
Colomad
Haiphong
Hambur
SEAD OFFICE: HONG KONG. BOARD OF DIRECTORS. Hon. Mr. J. J. Paterson.
Chairma
G. Miskin Esq.. Deputy Chairman,
A. B. Compton, Esq.
Hon. Mr. S. R. Dodwell,
M. T. Johnson, Esq,
J. R. Masson, Esq.
AMOT
K. S. Morrison, Esq.
TE Pearce, Esq
A. L. Shields, Esq—
V. M. Grayburn, Esq.
BANGEDI BATAVIA BOMBAY CALCETTA CANTON CHANFOO CULONZO
DAIREN FOOCHOW HALFBOYG HAVBCRO HANKOW
HARBIN
HUNG FET
HOLLO
POR
JOBORD
KOSZ
FOWLOOK
Crist Manager-
*** SCENARIOK
KUALA LUMPUR
LONDON LYOXS
MALACCA VARIA
BYUAN Wuboes)
MUDEN
SEW YORK
FEXPING
PENANG
KANGOON
SAIGON
SAN FRANCISCO
NILANG HAI
GINGAPORE
SOURABAYA
ENGE PATANI
TIENTSIN
TUKYO
THINGTAO
TOKOHAMA
Curreelle oprant in Local Cermacy and
Find Deposite reacted for cos past or shochar
Harbia Kang Kmg
.
متحملا
Xudna
New York Taiping
(Poking)
Bangszere
Scur Taiping
Tongkak.
(Bhekat) Tangio
Tohrbaza Zabout
Fc sig hange and Cement Banking basisoon
Current Aczmanās aponet and Plaid Dapodia received for one year or shorter periode aries
whích vìli do 'quoted; on-spplication.
The Beck's Band Offer la Lundin undertaken Excused Trousse besimona, and almo
of Beitiak lacobs Zaz ermanić,
Corso 20y be wetland at may, at the |Agenom ved Broches.
A. BREARLET,
THE CHILEMAIT
Commerce
merce and Finance
GOLD AND SILVER IMPORTS TO US.
$69,996,000 of Silver From China
LOCAL SHARE MARKET
TO-DAY'S QUOTATIONS
The following was the list of local abare
ismoed quotations
Imports of gold into the United to-day. States during 1936 were valued at $1,144,117,000, the Department of Commerce reports. The figure re-. presenta a decrease of $596,362,000. from the receipts of the preced ing year.
Exports of gold, however, in- creased $25,574,000 is a total of $27,534,000.
Silver imports during 1936 veril valued at $182,516,000, a decrease| of $171,715,000 from the 1938 total while exports of the white Manager. metal were $2,965,00), as against Hong Kong, 1st January, 1935.
| $18,801,000 for the preceeding year.
Officials of the Department off
THE CHINA & SOUTH SEA BANK, Commerce said that the silver in
LIMITED
Incorporated in China) Head Office-Shanghai
$7,500,000.00 $1,500,000.00
Capital
Reserve
prodat Lotă Caşyang und Emeling on terra Branches - All Important Cities $53.374,000, 25
which will quoted on appliena
ALSO up to date SAFE DEPOSIT BOXES 1 www in 20 LET.
Hong Kong, 4th February, 1935.
HONG KONG SAVINGS BANK
application.
By the HONG KONG AND BHANGHAI BAKK- INO CORPOR:05. Buses may be metalzed "FOR THE HONG KONG AND SHANGRAI SANKING CONTURATION.
V. M. GRAYBURN, Hong Kong, 4th February, 1935.
THE BANK OF EAST ASIA, LTD.
Authorized Capital Part-up Capital
Chist Yangur.
~$20,000,000,00 LLS 1256,000.00 Barve and Codrviánă Profes 110 36,37
Bow.
HEAD OFFICE-HONG KONG.
1. Des Your Bosć, Cumasi
BOARD OF DIRECTORS 201
She won Chor, Chaireana; 14 Love
ben. Eaç, P. S. Awok, Esq. Gong You
Lung. Yag Chan Caing Brit, "Zag,
Chins
Forsigs Exxbangs and (metal Braking Bratwww.
Current and Serving Accounts opened mod Fied Deporte sealed for you
à ruime vision will be quoted on applicatos.
SOU Z CHANG.
Manga.
HONG KONG FRANCE: 3. Dan Taver Bood, Col Manage's Ofoe
Yorgs Exchange Dept. GARAGE General Odios
Cashier's Offi
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 `dea- cription of banizing business transact-
ed.
porta during the past year includ ed receipts of $69,996,000 from China, as compared with $29.996.- 000 from China, as compared with $29,997,000 the prvious year. From the United Kingdom came compared with $245,529,000 in 1935, Mexico sent |$30,4477,000 worth of silver.
against $7,442,000, against $3,649,000, and $53,685,00); Canada,
Peru, $6,540,000 against $10,198,- 1000.
P
The imports of gold, the Depart ment disclosed. included $21,512, 664 from the Philippines, as com- pared with $15,355,457 the pre-
vious year.
Silver imports from the Philip pines totalled $342,286, against $224,021 in 1935.
Gold imports during the month; of December included $2,273,064 from the Philippines.
Current Accounts and Savings Ac- SHANGHAIS
counts opened. Fixed Deposits re-
dr. Lat. Wore Cat 200, Zag, sed eceived at rates which will be quoted GOLD EXCHANGE
Fa. Eng
Kam Tung Fa, Eng., Chial Manager.
JT Fong Dog Hounges.
Amay
Belavia
BRANCHES AND AGENCIES:-
လောင်း
Calentin Canbe Kaspheng Hankow Boooiin
Fobe
Lowricen Leados
Manila
Kaikourna
Southe
Saterung Mengha Singapore Sourbara
Naci
New York
Ovals
Paris
Swalew
T'eping
Triloka
Fangoob
Declens
Toke
San Franciment
Vaner Yokohama
Every description of Bushing and Exchange Epaiteen tekoonmad. Loude graated on approved.
Ceratomasta "opened in Lena! Carmen<? and Fixed Deposit movind for ans par or aberite personis in Lael and Pandya Oststalen at terms which will be quoted on soglimisen
Bala Depass. Bespaa. To Let
KAN TUNG TO,
on application
Trusteeship & Executorship under-) taken. Safe Deposit Boxes for hire.
PHILIP GOCK CHIN, Chief Manager.
THE
AMERICAN EXPRESS COMPANY
INC.
Isoceported with Zamised Liability in Uká
Head Office55, Brundway, New York
Capital Surpl Reserves
SPECULATION TO
BE CURTAILED
STABLE CURRENCY:
BIG LOSS
-Barks H.K. Bank $1870 b. HK (Lon. Pag.) EX16 b. Chartered Bank E161⁄2 n. Mercantile Bank A. and ̃R.
#32 1 Mercantile Bank C. $14% 2. Bank of East Asia $83 n.
Insurances Canton Ins. $905 b. Union Ins. 3620 b.. China Underwriters $1 m. H.K. Fire Ins. $300 n.
«Bchicmu „Bornsfeld, 300-year-old castle of Baron. Engene de Rothschild, will offer temporary sanctuary to the Ex-King, now the Duke of Windsor.
New York Share Market
Mesars. White. Weld & Com
NEW ERTISEMENTS
PUBLIC AUCTION
«ĦARTICULARS AND CONDI- IOANS, of the Sale by Public Apetion to be held on MONDAY, the 25th-day of January, 1957. fat-i-pm, at the Offices of the Pu-* blic Works Department, by Order of His Excellency the Governor Of Lone Lot of Crown Land at Tàx-:
the Colony of Hong Koer for a term of 75 years, the option of renewal at a Crown Rent to be fixed by the Surveyor of His Majesty the King, for one further' teren of 75 years.
mati in
Intending bidders are advised that immediately after the dis- posal of the lot the purchaser will be required to deposit with - an authorised officer who will be pre- sent at the sale, the sum of two hundred dollars, $200.00 in cash.
International Aasce. Sh. pany, New York Correspondenta CANADIAN TRADE This sum will be refunded on pay-
Shipping
Douglases $30 2. HK Steamboats $7.40 n. Indo-Chinas (Pre£) #5 n Indo-Chinas (Def.) "$38 m. Shells (Bearer) 135/- p. Union Waterboats $101⁄2
Docks, etc. HK and K Wharves $109. b. HK. and W. Docks $14 b. Providents (Old) $11⁄2-sa. Providants (New) 20 cta New Engineering Sh.$i 2. Shanghai Docks Shi 90 12.
Mining Kailan Mining Ad. 16/3 m. Rrubs $1285 1. Venz Goldfield $8 a
Lands, Hotels, etc. H.K. and S. Hotels $5.70 1. HK. Lands $34 n.
FK 4 Debentures $105, n. Shanghai Lands Sh.316 m. Metropolitan Lands Sh. $10 Humphreys $9% b. H.K. Realties $4.50 . Chinese Estates 376 1. China Rexities Sh.$4 n. China Debentures Sh.360 D.
PHILIPPINE ‘MINING
Closing
Bates Sales
10 Lm Local
Antamoks Átoks
in Pests Currency
1.75
Baguio Gold Balatoc Mining
54
34.55
141⁄2
14
20
Bennet Consol.
Bagnet Explor
Big Wedge
Coco Grove Consolidated Mines What reads like the concluding Demonst
Demonstrations paragraphs of a history of the Gumans Gfield
E. Mindsz rise and fall of one of Shanghai's Ipo Gold mightiest speculative centres was 1. X. L written when the Board of DirecItogons U.S.$6,000,000.00 Tors of the Shanghai Gold Stock Masbate Consol
Exchange announced that, an in- Northern Mining
Min. Resources pending reorganisation will dras Paracale Gum tically curb the activities of the Salacot Mining institution which in its heyday did San Mauricio Ja daily business of $50,000,000 to Suyoc Consol.
$60,000,000.
2,240,366.38 897,612.65
BRANCHES-
Ginazow
Milan
Harace
Hamburg
The Begr Nion
Kaplos
Furia
Rovertsze Boose Blangbal Houthampton Gingspers Timale Vienaa
Harry Haidat laterisk Formalan Ivetidos Liverpool Inc Lapk.com Laven
Amatardam
Antway
Ástand
Berlin
Bombay Besseli
Cairo Calita Сваде Celembe
Copenhagia Dublin Labarth 3000
Mordo Kanda M Me Mostecz
THE YOKOHAMA SPECIE BANK
LIMITED
Established 1880
Capital (fully paid-up) Yem.100,000,000 Yen.130,900,000 Reserve Fund
Head Office: YOKOHAMA
Branches and Agencies at
Alexandria
Bangkok
Batris
Berlia Bombay
Canton
Moji Nagasaki
Others
Nagoya
New York
Osaka
Paris
Peiping
Fengtien (Makden), Eangoon
Calcutta
Dairen (Budzy)
Hamburg
Hankom
Hurbin
Hong Kong
Honolulu
Honking
Karachi
Kobe
Londom Mamia
Los Angeles
Rio de Jentire
San Francisca
Seattle
Semarang
Shanghai Singapore
Socrabaya
Sydney
Tientsin
Tokyo
Interest allowed for Current Ac-
courts.
Deposits received for fixed periods
at rates to be obtained
on applica-
"Y" KANO,
Manager.
Hong Kong, 13th November, 18836.
THE
SHANGHAT CONIMERCIALS &
SAVINGS
000.
Dept 2500,000. $860,300.
Tisg as its mission development - ga Tostering of bar. Ercial elations abroad.
and
Tolphins. Zach
Branches af American Express Company in Frincipal cities of United States of America and Canada.
The reason for this action is tal be found in the Government's currency reform decre of Novem ber 1935 which, among
other things, pegged the price of gold and took the price of the yellow metal out of the hands of the spe culators.
Loss Of $80,000 As a result, heavy buyers and sellers who formerly stormed the halls of the famous exchange Kinklang Road, deserted the place to seek their fortunes in other “Personal investment accounts band.fields. During the first six months ted.
of last year the organisation lost $80,000.
All classes of Commercial Banking Transactions undertaken.
...
•
The Company offers to intending] What the directors of the Ex- Travellers the use of its Travellers change propose to do in their re- Cheques" and Letters of Credit and,
in addition, the world-wide service organisation plan is sill unknown. of its thoroughly equipped Travel Chinese brokera geneally expect Department.
CHL BENSOK,
that the step will leave nothin but the name of the wee bustling, General Manager-and prosperous house of specula-
tion.
PIPPERMINT
GET
always
delicious with
crushed ice
Ficed water
300 To Be Discharged Some 300 employee, many of whom have been associated with the Exchange since I opened 1 years ago, will be discharged.
A large group of Shanghai - sidents will read the report at at the ze-organisation with a úch]
of regret. They will fondly recal the coups of many-speculatis whe made their millions in the hall of the Exchange. They vik also re member those who "sent under" in the Exchange aid emerged from-its portals bankrupt.
At one time in its hectic 15-
year career, the Exclaure did a daily business of $60,000,000. But
United Paracales
for Messrs. S. E. Levy & Com {pazy, report :----
Stocks: The persistence of good
MISSION
rall statistics is making for firm Coming To Hong Kong
Shortly
EXPECTED NEXT MONTH
ment of the purchase price.
PARTICULARS OF THE LOT
Jeweilon of Grates
No, of mela
Rigistry Bas
Locality
ness in this feld, despite the con- ¡tinuance of the clouded labour and irate situation. There is no news
In utilities to warrant any change': from yesterday's comment and sug- gestions. We antinue to liks the |long-term outlook in oils. We be- |Heve that purchases of low-cost Under the auspices of the Canz- coppers are warranted at these†dian Chamber of Commerce, with levela. The strength of U.S „Steel) the support of the Department of ] is due to the increasingly favour Trade and Commerce and the co- able outlook in this field as well operation of the Canadian Mazu- | as to the rumour of near-term eli-¡facturers" Association, a "træde imination of back dividends on the mission planned to leave -Van- |preferred shares. The Street iscover for China on January 19, inclined to interpret bullishly thelby the Empress of Asia viz Hawaii. clearing up of the glass strike, as Arrival at Honolulu is plaŭmed. well as the absence in the Presi-for January 25 where a day will dent's speech of anything capable be spent ashore. This mission will of bearish interpretation. While visit the leading commercial cen- bearing in mind the fact that theters of China and will return wil to be the agents of the Banco- General Motors strike has unsettlapas. Round table conferences | Nacional Ultramarino of Macro as
for business purposes are being
NOTICE
TOTICE IS HEREBY GIVEN that by mutual arrangement we, the undersigned, shall CORNE
ed the market as well as the pre-arranged in the principal cities from the 31st day of January, vivusly-mentioned uncertainty in rails and utilities, we believe that
the otherwise-excellent industrial picture
included in the itinerary.
Growing Market
warrants purchases £t It is believed that in this way done:Canada will come to a greater ap- preciation of the present and
these levels. Business 3,270,000 shares.
Wheat: Large Italian purchases growing importance of the Chia-
market.
The principals of
1937.
ROZA BROS.
PUBLIC AUCTION
Undersigned have received
and prospective Large British de-ese mand are strongthening the World Canada's chief industries, both ill instructions to sell by Public supply situation. Local speculative primary and manufacturing, and Auction. liquidation is believed to be about representatives of her economic
completed.
Altogether too
commencing xi 11.00 zm.
-st their Sales Boom
Duddell Street.
We favour the pur-interests, are invited and urged to | Friday, the 22nd. January, 1937, chase of old crop. Total sales: participate. 34175,000 bushels.
few Canadian 88' 144 Cotton: We think that the mill business men have ever visited .043
supply situation promises rapid China or seriously tried to enlarge 96158/156/ -43% -70/.73 large sales of loan cotton when it their Chinese commerce, accord
becomes avaïlable and a prompting to Mr. A. O. Dawson, Prezident
36
291
.074
3.30
53
1.35 2.47% Public Utilities H.K. Tramways $12.60 z. Peak Trama (old) $63⁄41⁄2'n Peak Trams (new) $2% n. Star Ferries $93 n. Yaumati Ferries $25 0. China Light (Old) $13.55
$13.65/70 82.
C. Lights (New) $10.30 3. H.K. Electrics $56 sa. Macao: Electrica- $20 n. Sandakan Lights $10 n. Telephones (Old) $29%1⁄2 * Telephones (New) $103⁄41⁄2 n.° China Buses Sk$11% n Singapore Tractions 27/- n. Singapore Pret: 27/— n.
Industrials Cald., Mag. (Ord.) Sh‡193⁄41⁄2 n. Cald., Mieg. (Pret.) `Sh¥15 m. Canton Ice $2.05 m. Cements $11. HE, Ropes $24 1.
Etores, etc.
Dairy Farms $2231⁄2, “a.
Watsons $41⁄2 n Lane, Crawfords $61⁄4 n. Sinceres 121⁄2 the "Wing-On (RK.)"$50 n.
́ ́ ́Cotton" Mfilia Ewo Cottons Sh3151⁄2 n- Shanghai Cotton (Old) Sh.485
E
Shanghai Cotton (New) Sh$60
• the
Zoong Blogs 81431 n. Wing On Textiles Sh. $44 b..
Miscellaneous Entertainments $43⁄41⁄41⁄2 n. Constructions (Old) $1% n. Constructions (New) 41⁄2 cts.į
Vibro Piling $51⁄2 2.
the turnover fumbled ruinously Ca. Govt. 5% 1925 G.JBdz.-
after November 2935. The $40,000 |annual profit/ was wiped out
and a heary Ibea was registered.
The Exchange "was enz at $1,800,00
Bed
9334%B ILK. Gort-4% Loan 8%. prem.
HL Govt. 32% Loan 3% b. Wallace Harpers 34 1.
6 Cases Woollen Piece Goods
9
-Beads
2
"
Ribbons
2
Bangles
2
Hats-Meterials
pho
Typewriters, Adding Machine.
revival of activity on the open of the mission. "Our actual export trade last year to that great coun- market.
Flashes: The Auburn Motor try of the Orient was, according Company shows a loss of $1,522,844 to Dominion statistics, only some for the year ending November ten million dollars and we are buy-Office & Household Furniture. 30th 1986, compared with a lossing therefrom less than three mil of $2,697,852 for the year ending lion. On the other hand the actual total import and export trade of November 30th, 1935.
Terms: Cash on Delivery.
LAMMEET BROS,
Auctioneers.
WEEKLY TRAFFIC
The Chesapeake & Ohio Rail-China was some (Mer) $1,029,000,- read shows earnings for the year 000 and $535,000,000 respectively Hong Kong, 21st January, 1937. ending 'December 31st. of $5.67 per during 1934. The business claims share, compared with with earn-of China, with its population of ings of $403 pr share for the pre-00 millions, can be termed there-
fore, more than potential" vious year.
LOCAL DOLLAR STEADY
COMMODITY PRICES
The following quotations have been received by Reuter:-
Prev. Yesterday: Closing Closing
New York Cotten: March
Silver Prices Down
The local dollar is steady, open- ing on demand to-day at 1/2
"Spot" silver was to 20% while "forward"
RETURN
43 INCIDENTS
In the Colony of Hong Kong during the week ending at 8 am, on Estur- day, there were altogether 45 traine mezidenta, as the result of which 15 peramus were injured.
Tei were, pedestrians, who wers either walking or running across the road and were struck by velicios. was down to One-bas passenger and two- trymeke -PRISINFEK, WEre injured while aight-
from The London on New York cross-cyclist was injured as the result of a moving vehicles. One rate was quoted at £-US$4.90%, collision between two vehicles. One while the New York on London cyclist was injured through galing cross-tate was quoted at from his bicycle whilst in motion.
Of the 43. accidents, 19 were calli- U.S.$490%.
sions between vehicles: 19 were calli ziona
12.45
12.44
May
12.29
12.27
July
12.20
12.20
October
1182
11.79
20
December
1181
11.78
January
11.79%
11762
Spot
13.04
12.98
New York Rubber:
March
20.46
21.23
May
20.70
21.18
July
20.61 ..21.08%
September
20.63€ 21.01
December
20.570
20.96n
| Chicago Wheat:
May
130%
July
-413%
September
10934
130 118% 110
| Chicago Corn:
May July September wiper Whest:
1104
A
105%
1013
*May *July
October
12014 118 108%
118 100%
BERLIN BOURSE
* between... vehicles and pede retrians; and E doe to other ca.
· Accidents.
Primate Motor Cars Motor Lorries. Public Motor Cars Motor Buses .........*
Bicycles
STAR-FERRY-DEVZEDEND
Berlin, To-day. The share market opened with erratic price movements "but in the course of the day - a “famer tendancy became general and bust ness increased in volume. Less at- tention, however, was paid by in 1 100%vestors to those shares free to the "Star" -Parry-Com-przy. 101% finetaste in price than to those
Ešmited, "repart that therarscent where the standard prices is fixed Credit: of Profit and Loss Ac ench day by the Bourse Committee,ount for the year-ended Bat this disposition of the part of in- December 1938 in $398,206-65,-lens ·· vestors having à 'n evident for out of Interim Dividend paid several days în succession.
SINGAPORE RAW RUBBER
7:
ent÷3200:per:shard: $180,000,00
The cause of the distinct im
- At the forthemming: Yearly-Moet- Messrs. H. B. Joseph & Co., reprovement during the day was ing of Shareholders the Directors. ceived the following quotations firstly the more settled outlook in will recommend-sppropriation cas from Singapore in Straite Cur-international political affairs, sefallows: Torpay & Pinal Dividend rency for Baw Rubber;
condly the keen interest aroused; 00, $2.00 per share: 3240,000 To by the news from Rome that the eary forward $16,825. Germar-Italian Mining Corpora
Spot 26, b. Up. 11⁄2" Feb/Mar: 364 b Up 11⁄4 Apr/June 36%. 3. Up 14. July/Sept 36 b. Up 1. Market: Uncertain.
tion had been formed to exploiting state of German foreign, trade tis natural resources of Abyssinia, pas shown by official statisties for and thirdly the exceedingly gratify--