THE CHINA MAIL, FEBRUARY 26, 1937.
TOKYO MAINTAINS NEW YORK SHARE
EXCHANGE
Gold Shipments To Be Resumed
Japan will soon resume shipping gold bullion abroad to maintain yen exchange at the managed rate of Is 2d
This was indicated by Mr. T. Yuki, Finance Minister, in reply to a question by Mr. S. Nakano, leader of the ultra reactionary Tohokai, in the Lower House of the Diet.
Such shipments, the Finance Minister said, would not jeopardize the nation's bullion reserves, which to-day amount to Y.555,275,000 gold Gold shipments were suspended since December, 31, when Japan
abandoned the yellow metal after a brief return to the gold bloc.
MARKET
Messrs. White, Weld & Company, New York Correspondents for Messrs. S. E. Lety & Company, report:
Stocks: The "Journal of Com- merce" says that the present ten- dency on the market is to try and the anticipate labour demands in various industries and, with the wage increase in the steel industry, there is a feeling that the outcome for steel will be of real significance for the future of industry in gen- eral.
The present weakness of building shares is attributed to labour fears,
In view of the imminence of the
usual increase in motoring for the Spring, the present increase in gasoline stocks is not regarded as
excessive.
There have been no new develop. ments in rails.
In the industrial section, the pro- spects of excellent Spring buying continue to justify purchases of Montgomery Ward.
BANKS
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA
Incorporated by Boyal Charter, :3955.
HEAD OFFICE: LONDON
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION «
Capital
*$50,000,000 -Paid-up.. 20,000,000
Sterling
Paid-up Capital
£8,000,000
“Hong Kong Currency"
Reserve Fund
£9,000,000
Reserve
Reserve Liability of Pro-
prietors
3,000,000
6,500,000
$10,000,000 ~Reserve Liability of Pro-
prietors
0,000,000
Agencies and Branches:
Alor Star Amritsar Bangkok Batavia Bombay
Iloilo poh
Rangoon
Saigon
Karachi
Samarang
Kang Kobe
Seramben
Shanghai
Calcutta
Kuala Lumpur - Singapore
Kuching
Sitiswan
Madras
Manila.
A. E. Compsom, Daq..
Medan
New York
Tongkah
M. T. Johnson, Esq.,
Peiping
(Bruket)
(Poking)
Tsingso
Penang
Tokobama
Zamboanga
Caston .Cavapors -Leba
• Cole-bo
ishong iburg-
Hong Kong,
Fichange and General Banking business Current Accounts opened and Fixed Deposits received for one year or pharter") perioda et.zatos which
will be quoted an application
The Bank's Head Offos in London undertakes Foxecuter and Trustee business, and claines TACOTSTY of "British Income Tax overpaid, on betung" "which" may be ascertained at any of its Agencies and Branches.
A. BREARLEY,
The shipment of the metal has} been advocated by experts of the Finance Ministry, the Bank of Japan and the Yokohama Specie Bank, who, since November, have been discussing means to maintain
We continue to like the outlook the ven at its present level. This för Anaconda Copper, despite the course was advised as
a measure disappointment in some quarters whereby the depleted foreign cur-with regard to the dividend. The rency reserves of the Yokohama recent rise in the price of base me- Specie Bank can be replenished iso tals has also increased the attrac- THE BANK OF EAST ASIA, LTD. as to strengthen the position of the tiveness of Howe Sound and
yen.
Government to Profit
we
look for the continuance of the leadership of metals in a selective market. Business done:-2,230,000
In addition to this benefit, the Government will profit by the dif- shares. ference between the Bank of
This
Wheat: There was some selling Japan's price for newly-mined gold to-day on a forecast of rains and and the sales price abroad.
snow in parts of the South-West. margin, however, will be narrowed We would buy now at around the in future because of the necessity present levels. Business done: of the Bank of Japan to raise its 22,611,000 bushels. purchasing-price so as . stimulate
Cotton: Conditions on the raw mining at home, in the view of cotton market continue to be quiet experts.
and uncertain, but the textile mills still have on hands a large volume of unfilled orders.
Precautions will also have to be -taken to prevent the yen from ris ing too high, as this would affect Japan's export trade adversely.
Rubber: March tenders were well absorbed, while good foreign buying Exchange banking circles wel- of actuals and futures has also been comed Mr. Yuki's intimation on the reported. grounds that the announcement
alone would tend to strengthen the Hirota Cabinet and the partial yen.
abandonment of the colossal budget Japanese currency has shown a drafted by Dr. E. Baba, Minister of firm tone since the fall of the Finance.
THE
AMERICAN EXPRESS COMPANY
INC.
Incorporated with Limited Liability in USA.
REICHMARK TRAVELLERS
CHEQUES
ON SALE AT
AÐVANTAGEOUS RATES
Office:
No. 4, Des Voeux Road
Central
Manager. Hong Kong, 1st January, 1985.
Authorised Capital Paid-up Capital
$10,000,000.00 $ 5,508,600.00 Eeserve and Undivided Profits $ 2,685,995.52
HEAD_OFFICE:—HONG. KONG.-
10, D Vaur Road, Central.
BOARD OF DIRECTORS:-
Hom. Sir Shon-son Chow, 'Chairman; Li Econ Chan, Esq., K. Kwok Eng. Woor Van Tong, Eng., Chan Ching Shek, Esq., Li Lan Sang, Eng., Wong Chu Son, Esq. and Kan Ting Pa, Esq.
Kan Tang Po, Esq., Chief Manager. Li The Fong Faq --Kanaraz.
BRANCHES AND AGENCIES:
Sestie Matbourne
Abbay
Bataris
Bombay
Calmatia
Carson
Haiphong
Robe Kowloon -Lossloa
Vancouver Tesche.s
Every description, of Banking and Exchange
· kussiness » transacted. Loans granted on: approved securities.
Current Accounts - opened" in "Local Currency "and" Fixed – Deposits" received; for, ona
shurter periods in Local and Foreign Currencies
on terms which will be quoted an application.
Safe Deposit Boxes To Let
KAN TUNG PO,"
Chief Manager.
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 transact
ed
Current Accounts and Savings Ac- counts opened Mixed Deposits re- ceived at rates which will be quoted on application.
Trusteeship & Executorship under- taken. Safe Deposit Boxes, for hire.
PHILIP GOCKCHIN, Chief Manager.
-STAMPS OF THE MOMENT
KING EDWARD VIII
issued only for Great Britain and Morocco Agencies We have mint sets
FOR SALE
GRACA & CO. Dealers in Postage Stamps.
Garden Seed
510 Wyndsz
HEAD OFFICE: HONG KONG.
-BOARD OF DIRECTORS. Hon. Mr. J. J. Paterson.
Chairman.
G. Miskin, Esq;
Deputy Chairman
J. E. Boosheid, Faq....
Hon-MESH Dodwell,
AMOY
BANGKOK BATAVIA BOMBAI
CALCUTTA
COLOMBO DAIREN "FOOCHOW
BATPHONG HAMBURG
- HANKOW
HARBIN
HONGKEW ELGIEO
IPOH
JOHORE
KUALA LUMPUR
નવાનું
LONDON LYONS XCALACCA MANILA MUKE (Johore)
MUKDEN NEW YORK
FELPING
PELANG BANGOON
SAIGON
-SAN FRANCISCO SHANGHAI SINGAPORE SOURABAYA “SUNGEI PATIENT
TIENTSEN TOKYO
TSINGTAO ТОКОНЕМА
Cureat Locoonta opened in Icai-Currency and Fixed Deposits received for "one year or shorter periods in Local Company and Sterling on terms which will be goosed on sapplication.
ALSO up to date SAFE DEPOSIT BOXES In various sizes TO LET.
Hong Kong, 24th February, 1936.
HONG KONG SAVINGS BANK
-The-Business, of the Abors Bank.is.amincted. by the HONG KONG AND SHANGHAI BANK- ING CORPORATION. Bales may be obtained on application.
FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION.
V. M. GRAYBIEN.
Chief, Manager.
Bong Kong, 24th February, 1985.
THE YOKOHAMA SPECIE BANK LIMITED
Established 1880
Capital (fully paid-up) Yen.109,000,000 Reserve Fund
Yes 130,900,000
Head Office: YOKOHAMA
Branches and Agencies at
Alexandria Bangkok Batavia
Bertin Bombay
Calcutta
Canton
Dairen (Day)
Fengthen (Mukden)
Hamburg Hankow
Harbin Hong Kong Honolulu
Hsinking Karachi Kobe London
Manila
Los Angeles
Moji
Nagasaki
Nagoya New York Osaka
Paris
Peiping
Rangoon
Rio de Jensiro San Francisco
Seattle.
Semarang
Shanghai
Singapore
Sourabaya
Sydney
"Tieritzia
Tokyo Tsingtau
Yingkow
Interest allowed for Current Ao counts.
Deposits received for fixed periode at rates to be obtained on, appl tions.
"Y. KANO,"
Manager
Hong Kong, 13th November,
THE
SHANGHAT COMMERCIAL &
SAVINGS BANK LIMITED
(Incorporated in
Capital paid up Reserves
Capital · Savings Dept.
000.
,000.