THE CHINA MAIL, MARCH 8, 1937.
H.K. ELECTRIC CO.
BANK TO ISSUE NOTES
The report of the Board of Direc tors of the Hong Kong Electric
That the Farmers”. Bank: of.... China Company, Ltd. states that the bal- ance at credit of Profit and Loss which has been given the right to issue notes should shoulder the responsibility Account is $1,982,992.69 after al-of stabilizing the foreign exchange like lowing for Depreciation. Of this the three Government banks was or amount $669,000 has been appro-dered by the Ministry of Finance, faccording to a Chinese report. The re- priated for the payment of an In-serves should therefore be handed over terim Dividend of $1.00 per share to the Currency Reserve Board which on 11th September, 1936.
controls the issue and retirement of Your Directors recommend that legal tender bank notes, and keeps cus- the Balance available for appro-bank notes.
tody of reserve against outstanding
priation amounting to $1,382,992.69 be disposed of as follows:-
To pay a Final Dividend
of 1.50 per share
on 600,000 shares
To pay a Bonus of 25
cents per share on 600,000 shares
To place to Reserve To carry forward
to
next Account
$900.000.00
Among other measures providing for the transfer of control af note issue and reserve to the Board, as published in the Chinese press,
the Ministry's order points out that the Farmers' Bank should lay stress on the circulation of notes in important rural districts and outlying or border areas, and that the Bank should also, in accordance with the Ministry's re- 150,000.00
gulations, extend loans on, real estate 100,000.00 land in rural districts.
The Farmers Bank was originally 232,992.69 established for four provinces, namely
Human, Hapeh, Anhwei and Kiangsi, but was later reorganised with a paid- $1,382,992.69 up capital of $5,000,000.
ANTIQUE SHARES
Placing On Market Soon
BANKS
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
Authorised – Capital --- $50,000,000 Issued and Fally-Paid-up. 20,000,000 Reserve Funds:-----
Sterling
HEAD OFFICE: HONG KONG.
Incorporated by Beyal Charter, 3853
HEAD OFFICE: LONDON
$6,500,000*:
Paid-up CapitalTM Reserve Fund
£3,000,000
Hong Kong Currency
$8,000,000
Reserve
$10,000,000
Reserve Liability of Pro-
prietors -
Reserve. Liability of Pro-
£3,000,000
prietors
$20,000,000-
Agencies and Branches:
Alor Star
Floo Ipok
Bangoon
Saigon
Bangkok Batavia
Samarang
Bombay
Klang Бове
Seremba
Shanghai
Calcutta Canton Cawnpore
Kuala Lumpur
Singapore
Kuching
Sitisyan
Madras
Manila
Medan
Tientsin
New York
- Tongkah
Peiping
(Banket)
(Paking)
Tsingtao
Penang
Yoks Zamboangs
Cebu Calomba Delhi Haiphong Hamburg Hankow Harbin
Kazoki
Hong Kongchange and General Banking business
transscted
Current Accounts opened, and Fixed Deposita received for one year or shorter periods at rates which will be quoted on application.
ра
The Bank's Fend Office in London undertaken.i Excecutor and Trystes businesa,
cisime recovery of British Income Tax overpaid, on terms which may be ascertained at 'sny of its Agencies and Branches.
A. BEFARLEY,
Manager. Hong Kong, 1st January, 1935.
The American Mail Line 6.s. Pre- sident McKinley is expected to ar- rive in Hong Kong from Seattle, Victoria, Japan and Shanghai about: 2.00 p.m. on Sunday, March 7th., and will sail for Manila at mid- THE BANK OF EAST ASIA, LTD. night the same day.
B. D. Dillow, president and general manager of the Visayan Minerals, Inc.,
The Empress of Japan left Yoko- Manila, announced that the Antique hama for Vancouver yesterday, is Consolidated Mines, Inc. will be placed due in Canada on March 13 and: on the stock exchange soon. The
Visayan Minerals took over the pro- leaves again for Hong Kong via perties of the Antique Consolidated in ports on March 20. the town of Sibalom, Antique, for development. These properties consist
of chromite, manganese and shale oil! Among passengers who left Hong Kong for Bali yesterday in the The Visayan Minerals recently offer-J.C.J.L. ss. Tjibadak were
in the different parts of Sibalom.
Count
ed Emilio Montilla, president and gen-Ghislain Clauzel, Mr. and Mrs. W. B. eral manager of the Pilar Copper Fraser. Mr. and Mrs. H. S. Jones Mines Inc., to lease the properties of
the latter firm. Mr. Dillow is inter-sailed for Sourabaya in the same ested in getting the authorization of ship.
the stockholders of the Pilar and Capiz
Copper. Mines to develop the proper-
ties.
Authorised Capital Paid-up Capital
Eeserve and Undivided Profile
$30,000,000.00 5,508,600.00 2,685,595.29
· HEAD OFFICE:—HONG KONG.
10, Des. Vær Boad, Central,"
BOARD OF DIRECTORS -- Hon. Sa Shou-son Chow, Chirmsa; Li Koon Chan,
Krok Bag Wong Y Tong Đà. Cho Cong ty B Sang. Esq., Wong Ciro Son, Esq, and Kan Ting Po, Esq.
Amoy
Kan Tang Po, Esq., Chinf Manager. Li The Fong, Esq., Manager.
BRANCHES AND AGENCIES:-
Batavia
Bomber Calcutta
Carton -
Elaphong Bankow Honolulu
Manila
Melbuume
Seattle Somazing
New York.
Osaka
Shanghai Singapore Sou-shaya Swalow
Eobe
Mr. J. A. Simpson left for Manila
Kowloon Londun
Seiyon
San Francisco
It was revealed that the Visayan in the Tjibadak yesterday.
Mineral Inc., is willing to buy a con-
centration machine and other necessary
facilities if the copper mines are leased
to the corporation. The net gains ob-
tained from the sale of the minerals contract, stockholders of the Visayan will be divided equally between the Minerals Inc, at the option of the Pilar Pilar Copper Mines Inc. and the Visa-Copper Mines, can designate its board yan Minerals Inc.
of directors to buy 3,000,000 shares at One year after signing the lease par value.
THE
AMERICAN EXPRESS COMPANY
INC.
Incorporated with Limited Liability in U.S.A
Vancouver
Every description of Banking and Exchange business." transacted. Losas-granted on approved
securities.
Castrent Accounts opened in Local Currency and Fired Deposits received for, ons shorter periods "in Local and Foreign Currencies on terms which will be quoted on application.
Safe Deposit Boxes To Let
KAN TUNG" PO,
Chief Manager.
THE MERCANTILE BANK OF INDIA, LTD.
HEAD OFFICE:
“15. Grasschurch Street, London, 2.0.8.
Authorised Capital- £3,000,000 Subscribed Capital .... 1,800,000° Paid-up Capital ...................... 1,050,000. Reserve Fund & Rest.. 1,247,830.
The Bank of England & Midland - Bank, Ltd.
BANKERS A
BRANCHES,
Ipah Kandy
Katachi Kota Bhar
New York Fenang
Bangkok
Bomber
Calcutte
Fort Louis-
Columbo
(Mauritius)
Dalki
Kuala Lipis
Pangoon
Galle
Kosla Lumpar
Shanghai
Hong Long
-Howrah
Kisentan (Pabang). Similä Madras
BOARD OF DIRECTORS.
G. Miskin, Esq.,
Chalzman."
M. T. Johnson, Esq.,
Deputy ChairÍMIL.
J. K. Bousfelä, Esq.. 5. S. Morison, Esq. A. EL Compton, Esq. Hon Mr. J. J. Paterson,
Bot. Mr. S. H. Dodwell, T. E. Pasros, Esg
J. B. Masson, Esq.,
A Shields, Esq.
V. M. Grayburn, Esq., Chief Manager.
AMOX
BANGKOK
BATAVIA
BOMBAY
CALCUTTA
CANTON
CHEFOO
COLOMBO
DAIREK FOOCHOW HAIPHONG HAMBURG HANKOW HARBIN
HONGKEW. ILOILO
JOHORE
KOBE
KOWLOON
BRANCHES
KUALA LUMPUR-
LONDON LIONS MALACCA MANILA MUAR (Johore)
MUXDEN -NEW YORK
FELPING PENANG
BANGOON SAIGON
SAN FRANCISCO SHANGHAI SINGAPORE SOURABATA- SUNGEL PATANI TIENTSIS
TOKYO TSINGTAO YOKOHAMA
Current Accounts-opened in Local Camrency and Fixed Deporte received) for- one year or shorter periods in Local Currency and Sterling on terms which will be quoted on application... !!
ALSO up-to-date-SAFE" DEPOSIT BOXES in vazious sizes· TO LET.
Hong Kong, 1st March, 1987.
HONG KONG SAVINGS BANK
The Business of the above Bank is conducted by the HONG KONG AND SHANGHAI BANK- ING CORFORATION. Bulos may be obtained
on application.
FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager.
Hong Kong, 1st March, 1937,
THE YOKOHAMA SPECIE BANK LIMITED
Established "1880′′
Capital (fully paid-up) Yen.100,000,000 Reserve Fund
Yen 130,900,000
Head Office: TOKOHAMA
Branches and Agencies at
Alexandria
Bangkok Batavia
Berlin
Bombay
Calcutta
Canton
Dairen (Dainy)
Moji
Nagasaki
Nagoya
New York
Osaka
Otiz
Paris
Peiping
Fengtien (Mukden) Rangoon
Hamburg
Hankow
Harbin
Hong Kong
Honolulu
Hsinking
Karachi
Kobe
London
Mamia
Rio de Janeiro
San Francisco
Seattle
Semarang
Shanghai
Singapore
Sourabaya
Sydney
Tientsin
Tokyo
REICHMARK TRAVELLERS
CHEQUES
ON SALE AT
ADVANTAGEOUS RATES
Office
No. 4, Des Voeux Road
Central
HONG KONG. BRANCHÉ
Every description of Banking and business transact
Travellers Chognes issued.
Los Angeles
Tsingtau
Yingkow
*** Interest - allowed for Current As-
counts.
Deposits received for fixed periods at rates to be obtained on" applies
Trustag and Exsantorships- undertakani. KTEREST allowed" `on Gamut “Boccaccha ́ ́ and Fixed Deposits at Babes that may be macuetained | - tions. en application.
1. Queen's Road,
2. KKRREDY,
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 eve cription of banking buziness. 1
Current Accounts conuts ope
T. KANO,
Man
Hong Kong, 13th November, 1986.
STARE
SHANGHAI COMMERCIAL &
SAVINGS BANK LIMITED
(Incorpor
pital pai
5,000,000
00,00022
503002
600,000.
one 31116.
Chief Mo