THE CHINA FEBRUARY 12, 1937. A
LONDON PLEASED BY CHINA RAILWAY SETTLEMENT
TERMS NOT YET OFFICIAL, BUT ANNOUNCEMENT EXPECTED
·༄
LONDON, TO-DAY.
THOUGH NO OFFICIAL CONFIRMATION IS FORTH- COMING IN LONDON OVER THE RUMOURED HUKUANG RAILWAY BONDS SETTLEMENT, THE CITY IS EXTREMELY PLEASED WITH THE REPORTED TERMS.
Hukuangs on Wednesday morn- if the reports are true, but the ing were dealt in at around 64 for majority of brokers look for gra- undrawn bonds and 621⁄2 for drawn dual appreciation of the Bonds as bonds. The market ruled very firm their investment qualities begin to and only a very small amount of be appreciated. Reuter. stock was available.
FEELERS PUT OUT?
While an official announcement is still believed to be imminent, some quarters are inclined to be- lieve that unofficial reports repre- sent feelers put out by the Chinese Government in order to test re- action.
SALT GABELLE LIEN
NEW YORK STOCK MARKET
Effect Of The Motor Strike
BANKS
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA-~
Incorporated by Royal Charter, 1855. HEAD OFFICE: LONDON
Aloe Star
Hallo Ipoh Kachi
Klang
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
Authorised Capital. .$50,000,000 Issued and Fully-Paid-ups. 20,000,000 Reserve Funda com mana
Reserve
HEAD OFFICE: HONG KONG.
BOARD OF DIRECTORS.- Hon Mr. II. Paterson Chainman.
Sterling
£6,500,000
Paid-up Capital
£3,000,000
Hong Kong Currency -
$10,000,000:
Reserve Fund
$3,000,000
Reserve Liability of Pro-
prietors
$3,000,000
Reserve - Liability of Pro-
prietors
$20,000,000
Agencies and Branches:
Rangoon
Saigon
Seremban
Fabe
Shangha
Calcutta Canton Cawnpore
Kuala Lumpur
Kuching
Manila
Colombo Delhi Haiphong Hamburg
Meds
Singapore Sitiawan Sourabaya Taiping- Tientsia
New York
Tongkah
Peiping
(Banket)
(Peking
Tsingtao
Penang
Tokohama
Zamboangs
Asaritsar.. Bangkok Batavia Bombay
Cebu
Hankow
25 bin
Hong Joon
Madras
Samarang
Foreign Exchange and General Banking business transacted.
Current Accounts opened and Fixed Deposits received for one year or shorter periods at rates which will be quoted on application.
The "Bank's Bead Office in London, undertakes, Executor and Trustee business,
claims recovery of British - Income Tax overpaid, on terms which may be - sacertained at any of its Agencies and Branches.
A. BREARLEY
Manager. Hong Kong, 1st January, 1935.
Authorised Capital Paid-up Capital
Beserve and Undivided Profite
$10,000,000.00
$ 5,598,800.00 $2,485,306,59
HEAD OFFICE:-HONG KONG, 10, Des Vœux Eoad, Central.
BOARD OF DIRECTORS:-
Hon. Sir Shon-son Chow, Chairman; Li Koon Chun, Esq. P. A. Kwok, Esq. Wong Yan Tong, Eng., Chan Ching Shok, "Bag...,_LXi - Lan. Sang, Esq., Wong Chu Son, Esq. and Ken Ying Po, Esq.
Kan Tung Po, Esq., Chief Manager... Li Tse Fong, Esq., Manager.
BRANCHES AND AGENCIES :--
Messrs. White, Weid & Company, THE BANK OF EAST ASIA, LTD. The more optimistically inclined New York correspondents for Messrs. suggest that China has already S. E. Levy & Company, report:-
There are some fears that the statis- reached an agreement with Ameri-tical position of gasoline stocks is can holders of the bonds who threatened by the automobile strike hitherto had been holding up nego and that this is at present responsible tiations by demanding
for the market action of oils, but we better
believe this view to be over-pessimistic terms, especially in regard to ar-and we consider the present an excel- rears, than other interests (British,lent time to build up a long position French and German) were willing generally. The high rate of operation for long-term capital appreciation to accept.
in the steel industry together with the. improved outlook in other fields is at: The fact that Hukuang Bonds present contending with labour and are being quoted at a higher price political uncertainties and we continue than Tientsin-Pukows, who have to see a further advance before the oc-
currence of any substantial recession. been accorded similar terms, is at- Rails to-day were again upward and tributed to the report that Hu-the trend of steel shipments continues kuangs will be given a lien on the to justify purchases of selective rail issues. Purchases of selective utilities Salt Gabelle, now regarded as ex-at these levels are also fully justified cellent security.
In the industrial section, the continu- Moreover, the City expresses ance of the good statistical position pleasurable surprise regarding makes the low cost of coppers still at- the payment of five per cent. at such an early date.
tractive.
Business done: 2,920,000 shraes. To-day, Friday, February 12, (Lin- It is not expected that any sharp coln's Birthday) will be a public holi- day in the United States, so that all upward movement will occur, even markets will remain closed.
TRAVEL
Strange countries, strange faces,
strange customs these are the attractions that lure travelers from their lands.
Amer
Bataria Bombay Calcutta
Canton
Manila
Seattle
Melbourne
Semarang
Nagasaki
Shanghai
New York
Eingapore
Deale
Haiphong
Paris
Hankow Hopalalu
Peiping
Fenang
Razgo
Kowloon
Saigon
Sar Francisco
Kobe
· Londwa
Sonrabaya Suator Sydney.. Waboku Tierleir TekTo Vancouver
Every description of "Banking and Exchange business transacted Loans granted an approved
sacurities.
Current Accounts opened in Local Currency and Fixed Deposits received for one year aborter periods in Local and-Foreign. Currencies on terms which will - be
Safe Deposit Boxes 16 on application.
KAN PUNG PO,
Chief Manager.
G. Miskin, Esq.
Deputy Chairman.
J. K. Bousfeld, Esq.,
A. H. Compton, Esq
Hot Mr. S. H. Dodwell, M. T. Johnson, Esq.
AMOF
LE Masson, Esq. F. S. Morrison, Esq.
~: T. E. Perron, Esq., a
A. L: Shields, Esq...
V. M. Grayburn, Esq., Chind-Manager.
BANGKOK BATAVIA... BOMBAY
CALCUTTA CANTON- CHEFOO
COLOMBO- COL DAIREN
FOOCHOW" HAIPHONG--
HAMBURG HANKOW HARRIN BONGAEW
ILOILO
IPOH
JOHORE
ROBE
KOWLOON
BRANCHES
KUALA LUMPUR
LONDON LYONS MALACCA MANILAS. MUAR (above) MUKDEN
NEW YORK" FEIFING PENING BANGOON SAIGON
SAN FRANCISCO-
SHANGHAI SINGAPORE.:- SOURABAYA” SUNGEI PATANI TIENTSIN
TSINGNED YOKOHAMA
Current Accentnis opened di Local Currency mand:C Fixed Deposita zeceivedendoon.com/-pase- or "siteter – periods in Local Company and Sterling on terms which will be quoted on application, ple
ALSO up to date SAFE DEPOSIT BOXES in Tarious sizes TO LE
Hong Kong, 24th February, 1936.
HONG KONG SAVINGS BANK
by the EONG RONG AND SHANGHAI BANK The Business of the above Bank is conducted ING CORFORATION. Eales may be obtained on application
FOR THE HONG KONG AND SHANGHAT-- BANKING CORPORATION.
V. M. GRAIBURK,
Chief Manager. Hong Kong, 4th February, 1996-
THE YOKOHAMA SPECIE BANK
·LIMITED
Established 1880
Capital (fully paid-up) Yen.100,000,000 Reserve Find
Yen.130,900,000
و
THE MERCANTILE BANK OF INDIA, LTD.
HEAD. OFFICE:
15, Gracechurch Street, London, ECA. Authorised Capital
Subscribed Capital.
Paid-up Capital
Reserve Fund & Rest
BANKERS: -
Head Office: YOKOHAMA Branches and Agencies at
Alexandria Bangkok Batavia Berlin
Bombay
Calcutta
Canton
£3,000,000 | Dairen (Dainy):
1,800,000 Fengtien (Mukden)
1,050,000 Hamburg 1,247,830
The Bank of England & Midland Bank, Ltd.
BRANCHRS:
po Kandy
Ketchi Kota Bharu
And
Bangkok Bombay... Calcutta Colombo
Delhi
Galle
Hong Kong
Howrah
Madz
it is in these strange lands that travelers become aware of the need for protecting- their travel funds.
American Express
Travelers Cheques
are the medium through which you can be assured of the safety of the funds you carry with yous:
THE AMERICAN EXPRESS CO., INC. Incorporated with Limited Liability in USA.
No. 4, Des Voeux Road, Central.
Kuala Lápis
Koala Lungu
Kew York Pening Fort Louis (Mauritius
Fangoon Shanghai
Kosaten (Pahang) Simia
Singapore
HONG KONG BRANCH.
Every description of Banking and Exchange business transseted.
Travellers Choquar “innad.”
Trustee and Ernestomkipa underiskan. INTEREST allowed on Current Accounts and Fixed Deposits at Bates that may be ascertained on application.
R. KENNEDY,
7, Queen's Road, Central,
Hong Kong, 24th July, 1995.
Manager
THE WING ON BANK LTD.
-Head Office: Hong Kong. 26, Des Voery-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: Ae- counts.opened Mixed Deposits ceived at rates which will be quoted on application.
Trustbeship" & "xecutorship “under- <taken. Safe Deposit Boxes-for
PHILIP GOCK CHIN, Chief Manager.
Hankow
Harbin
Hong Kong
Honolulu
Hsinking
Karachi
Kobe
London
Manila-
Los Angeles
Moji Nagasaki Nagoya
New York Osaka
Parisz
Perping
Rangoon
Bio de Jenero
San Francisco. Seattle
Semarang Shanghai Singapore Soura Sydney Tientsin
Tokyo
Tsingtan
Yingkow
Interest allowed for Current Ac- counts.
Deposits received for fixed periods at rates to be obtained on applica- tions.
Y. KANO,U
Manager. Hong Kong, 13th November, 1886)
THE
SHANGHAI COMMERCIAL
SAVINGS BANK LIMITED (Incorporated in China)
Gapital paid up Reserves
Capital Sayings Beserve. Saving
AB
the