THE CHINA MAIL, FEBRUARY. 9, 1987.·
INDUSTRIAL SITUATION IN BRITAIN
Trade has
AGUSAN GOLD MINES
TAKES OVER PLACER CLAIMS
pro-1 better than they have been for a long made further gress, and some
of the special time, but the full effects of devalua
The board of directors of the Agusan areas, such as Tyneside and Clyde tion have still to show themselves.
Cost of Living side, are now definitely sharing în At home, the rise in wholesale prices Gold Mines, Inc., Manila, recently de-
some in-lcided to take over for operation the recovery, says the latest issue has been accompanied by of Lloyd's Bank Review. Southcrease in the cost of living. So far placer mining claims in Naguilian as Wales and West Cumberland, how- the increase during recent months has recommended by L-W. Soivaleff, mining been mainly seasonal, while there have engineer. Profits will be divided 20 ever, remain very depressed.
also been some wage increases. These per cent for the claim owners and Taking the country as a whole, en movements are not sufficient to in-80 per cent for the Agasan firm, it ployment (exclusive of agriculture)dicate that we have entered upon
a was announced. touched a new high record of 11,120 cycle of dangerously rising prices, Tests of the properties show that 000, and the slight increase in mem
wages and costs. On the contrary,
a cubic yard of the placer ployment since October is entirely due such wage increases as have so far to the registration for the first time occurred will expand consumption and gave from P0.80 to P2.90. The opera- of about 9,000 unemployed agricultural purchasing power and ought not to tion cost for every cubic yard is esti- workers. Many districts and in-
dustries report a shortage of skilled increase costs unduly.
labour, and it is apparent that unem-
ployment is now either in the depress.
ed industries and special areas or re-
presents the normal shifting of labour, SOUTH WALES COAL
The trade revimal is now on a broader
basis than it was in its earlier stages,
for
it has spread from the capital
SHIPMENTS
goods industries to the consumption EXPORTS TO CANADA
DECLINE
months
claims
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
Authorised: Capital
$50,000,000
Issued and Fully-Paid-up.. 20,000,000 Reserve Binās:
Sterling Hong Kong Currency
Reserve Reserve Liability of Pro-
prietors
£ 6,500,000
.$10,000,000
$20,000,000
HEAD OFFICE: HONG KONG.
·BOARD OF DIRECTORS. Hon. Mn. J. J. Paterson” Chairman.
G. Miskia, Esq., Deputy Chairman.
mated not to exceed P0.25. Work on 5. Boufeld, Esq. A. H. Compton, Esq., these claims will be started soon.
Hon. Mr. S. H. Dodwell, K T. Johnson,
The Agusan Gold Mines, Inc., has 2,169,750 shares issued at par value Lof P0.10 per share. The company
has stopped selling shares already
The company's mining engineers, together with a staff of workers, re- cently left for Baler, Tayabas, where 100 gold claims were acquired by with The engineer took the firm. him the necessary equipment to plore the 12-foot vein which gave one flash assay of $108 per ton.
AMOY BANGKOK BATAVIA BOMBAY CALCUTTA CANTON CHEFOO COLOMBO DAIKEN FOOCHOW The HAIPHONG RHAMETEG HANKOW
ex-1
Was
goods industries, while the October trade returns record an improvement in exports. Here a danger is that in some trades export business is being
According to the latest trade re survey in Paracale. Labo, and Mam- squeezed out by the home demand-
turns, shipments of anthracite from balao districts where the Agusan firm Recovery to Continue?
South Wales to Canada declined by has option for seven groups of
gold The usual trade indicators mostly!
claims is nearly completed, it point to a continuance of recovery. 113,217 tons during the 11
reported. There is a steady demand for in January-November, 1936. This re- dustrial chemicals and electric power presents a loss of 11 per cent. com- consumption has again increased. Re-pared with the corresponding period tail trade for October showed an im- in 1995 and of 15.7 per cent, com- provement of 7.4 per cent. on the pared with 1934. previous year, while imports of raw The materials continue to expand. improvement in exports, has already been noticed.
FOLLO
IPOH
JOHORE.
КОВЕ
KOWLOON
J. B. Masson, Esg K. S., Marrison, Esq., T. E. Pearce, Esq. A. L, Shields, Esq.
M. Grayburn, Esq.,
Chief Manager.
BRANCHES :--
KUALA LUMPUR
LONDON LEONS MALACCA VANILA MUAR (Johore)
MUKDEN NEW YORK
EPING PENANG BANGOON SAIGON
SAN FRANCISCO SHANGHAI *SISGAPORE.
→ SOURABAYA
SUNGEI PATANI
TIENTSIN
TOKYO
PISENGTAO
YOKOHAMA
Current Account opened in Local Currency and Fixed Deposits received for one year or shorter
from Ger- ANOTHER COMPANY periods in Local Company and Sterling on terms
Anthracite - shipments many to Canada, on the other hand, increased by 98,904 tons during the months January to October alone.
South. Wales will have to face fresh
competition from Russia, in addition to the rapidly expanding subsidised trade of Germany.
FORMED
Gold Star Mining Incorporated
which will be, quoted on application..
ALSO up to date SAFE" DEPOSIT BOXES in various sizes TO LET
Hong Kong, 24th February, 1936.
HONG KONG SAVINGS BANK
The Basiness of the above Bank is conducted by the HONG KONG AND SHANGHAI BANK ING CORFORATION. Bules may be obtained
FOR THE HONG KONG AND SHANGHAI BANKING COEPORATION.
M. GRAYBUEN,
Chief Manager.
On the other hand, November rail- way goods traffic receipts were the same as in November, 1935, while there is some evidence that the revival-in}
Last year, in spite of representations the building industry may for the made to the British Government by
The Gold Star Mining Co., Inc., a moment be making no further pro Sir Robert Horne's South Wales Trade
October and November have Recovery Committee, the
Canadian P2,000,000 corporation, has been re-on application: gress. witnessed an acceleration in the up- Government lifted its embargo on the gistered at the Manila bureau of com- Its original incorporators, ward trend of wholesale prices, so that imports of Russian anthracite into merce. it is clear that the devaluation of the Canada and agreed to the importa are JJ Elizalde, Ramon Campos, gold bloc currencies has not depressed tion of 250,000-tons a year.
Ricardo Descals, Fulgencio Borro dong Long, 24th British prices, as the depreciation of The committee then recommended meo, Clemente Hidalgo, Jose Ma. the pound depressed world prices in that the British Government should Cacho, Jesus Cacho, William O. A. 1931-32.
endeavour to arrange with the Cana- Leary, Mariano Cacho and Carlos THE YOKOHAMA SPECIE BANK
subscribed On the contrary, the recent strength dian
Government for a guaranteed Barretto. The firm's of wool and non-ferrous metals. sug minimum import into Canada from capital amounts to P400,000, of which gests that the general rearmament de South Wales of 1,000,000 tons of an- P100,000 has been paid up. "mand for these commodities is being thracite annually. It is hoped that reinforced by a new demand from the such an agreement will be attained. countries with devalued currencies.
This is adding to the purchasing power What is claimed to be the oldest of many
of our overseas customers, warship afloat, the Portuguese Vasco and so will assist
export trade. Certainly trade reports from a large da Gama, has arrived in the Clyde to number of countries are as good ord
THE
AMERICAN EXPRESS COMPANY
·INC.
Incorporated with Limited Liability in USA
Head Office: 65, Broadway,
Capital
Surplus
Reserves
New York
.E:S.$6,000,000.00
be broken up.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA
Incorporated by Royal Charter, 1833. HEAD OFFICE: LONDON
Paid-up Capital: Reserve Fund
Reserve Liability of Pro-
prietors
$8,000,000. £3,000,000
£3,000,000
Agencies and Branches:
A $250,000 plywood factory is be- ing built at Willington Quay, Wall-
shipyard. send-on-Tyne, on the site of a former
LIMITED
Established 1880
Capital (fully paid-up) Yen 100,000,000 Reserve Fund -
Yen 130,900,000
Head Office: YOKOHAMA
Branches and Agencies at
THE BANK OF EAST ASIA, LTD. Alexandria
Authorised Capital Paid-up Capital
Bangkok Batavia $10,000,000.00 Berlin
# 3,598,800.00.
Beserve and Undivided Profite -32,685,836.52 Bombay
HEAD OFFICE:-HONG KONG.
-10, Des Voeux Boad, Central
BOARD OF DIRECTORS:--
Ym
Hon. Sir Shot-son Chow Chairman; la Kon Chun, E., P. E. Ewck, Taq Torg, Eng., Chan Ching Shak, ELi La Sang. Esq Wong Chu Sor Feq. and Kan Ying Po, Esq.
Kan Tang Po, Esq., Chief Manager.
Li Tse Fong, Esq., Manager:
BRANCHES AND AGENCIES:
Calcutta
Canton
Dairen (Dainy) Fengtien (Makden) Hamburg Hankow
Harbin
Hong Kong
Honolulu
Hsinking
2,240,344.38
Alor Star
Tailo
Amritess
Ipob
Saigon
897,612.65
Amay
Manila
Seattle
Bangkok
Kaschi
Betarik
Malbourne
Karachi
Suitarang
Bateria
Klang
Bombay
Shanghai
Kobe
Bombay
Calcutta
M-New York
Eingaporn
London
Calcutta
Lumpur
Sing
Canton
Osaka
Sourabaya
Souz
pbong
Paris
Swatow
Manila
eiping
Taipi
Los Angeles
Homolalu
nang
New Yak
(Peking! Penang
Tongkah
(Bhuket) Tsingtao
Kobe
Kareloom
Vancouver Toichaves
Moji Nagasaki
Nagoya
New York Osaká
Otra
Paris
Peiping Rangoon
Rio de Janeiro San Francis SeatHe
Semarang
Shanghai
Singapore
Sourabay
Tientsin
Tokyo
Tsingtan
Amsterdam
Andrea Athers
Dublin
Päinburgh
Florence Genera Genca
BRANCHES:
Gisanow The Hague
Havasz
Hamburg
Lugano.
Marseilles "Monte Carlo
Mazila
Monica
Munireur
Milan Nice
Naples
Faris
Peiping
Eotterdam
Shepton
Sing pate
Vienna,
emoe Yokohama Zurich
*American Express Branches of Company in Principal cities of United States of America and Canada.
All classes of Commercial Banking Transactions undertaken.
Centon
Cammpore Cebu
Colombo Delhi
Zamboangs
Hankow Habi Hong Kong Foreign Exchange and General Banking, business transacted.
Current Accounts opened and Fixed Deposita received for one year or shorter periods at rates which will be quoted on application.
The Bank's Band Office in London undertakes and claims Executor and Trustee businesa,
ooovery of British Income Tax. overpaid, terms which may be ascertained at any of its Agencies and Branches.
A BREARLEY,
Manager Hong Kong, 1st January, 1935.
Lanka
Every description of Banking and Exchange Loans granted on approved
securities.
Current Accounts opened in Local Currency "and ̈ ̈ ̈"Fixed Deposita recehead>rformanDRA JOBEN OR shorter periods in Loval and Foreign Currencies on terms, which will be quoted, on application.
Safe Deposit Boxes To
THE WING ON BANK ETD
Head Office: Hong Kong.
Des Voeux Ros
Authe
LONDON BA
Central
000,000
Ac
Interest allowed for Curre counts.
Deposits received for fixed periods at rates to be obtained on, applica- tions.
Y. KANO,
Manager. 18th November, 1938.
THE
GHAI COMMERCIAL &
BANK!
Personal
investment
accounts
Company offers to intending ers, the use of
the
ped Travel
Bring Your PRINTING
Mems to Us
Chire Mail Bldg.
Deposit PHILIP Chief Mana