THE CHINA MAIL, MARCH
APPEAL FOR OVERSEAS CHINESE
CAPITAL IN KWANGTUNG
Overseas Chinese capital is be ing solicited for the development of the Chaochow-Meinsien Area in Kwangtung, the "China learng.
velopment of their homeland.
Protective Measures To encourage, overses Chinese Mail"investments appropriate measures for the protection of overseas Chinese have been decided upon by the office. These include:
A number of overseas. Chinese industrial magnates have been in- vited by the Office of the Special Administrator for the Area to serve as members of the Branch Association for the Promotion of the People's Economic. Recon- struction Movement, and delegates have been sent to Sian, Singapore, French Indo-China and Malay Peninsula to make connections with the overseas industralists and urge them to invest money in the
COMMODITY PRICES
The following quotations have been received by Beuter:-
Prev. Yesterday Closing Closing
New York Cotton:
March
14.27
May
13.85
14.28 13.85
July
13.69
13.71
October
13.29
18.19
December
13.19 18:14
January
Spot
13.19- 14.44
13.14 14.45
Chicago. Wheat:
March
23.481
23.231
May
23.60
23,34
July
23.72
23.43
September
23.80
23.50
December
23.84
23.53n
New York Rubber:
May
137%
July
122
137% 20%
September
119
Chicago Cop
May
July
September
Winnipeg
May
July
October
109% 105
9974
132%
(1) prohibition of extortion of oversea Chinese by Customs and anti-smuggling officers;
(2), provision of adequate transit facilities for overseas Chinese upon their departure from or return to homeland;
For relieving the unemployed oversea Chinese, as well as farm ers and workers at home, factories for the manufacture of native goods will be established
The fishery industry will be des veloped with oversea Chinese capi- tal and trained personnel from the Swatow Fishery School
Coal And Tungstèn For the development of co-oper- atives will be organised.
Waste land will be reclaimed and planted with sugar canes to meet the demand of the sugar fac- tories at Chichyang and Kubsia. (3) suppression of the im- To further develop mineral re- position of usurious taxes upon - sources, the tungsten and lead overseas Chinese by local gov-mines at Chaoan and Chiehyang ernments;
mines at Meiksien
(4) speedy and impartial handling of lawsuits involving overseas Chinese;
(5) adequate protection of overseas Chinese by local gov ernments.
Uses For Investments.
Oversea Chinese investment ob- tained will be used for the promo- tion of communications, fishery, co-operative enterprises, reclama- tion, mining, the porcelain indus- try, and the establishment of fac- tories.
To improve communication faci- lities the projected Canton-Meih- sien Railway will be constructed and the southsea navigation route as planned by the China Mer- chants Steam Navigation Com- pany will be inaugurated.
LOCAL DOLLAR
Silver Price Rises
The local dollar is steady, open- ing on demand this morning at 1/2-27/32
"Spot" silver was quoted at 201⁄2 and “forward,” at 201⁄2.
Q
• The London on New York cross-
129 118%
rate was quoted at £ US $4.884.
and the coal will be exploited.
In regard to the porcelain in- dustry steps will be taken to im- prove the production of porcelain at Tapu, and Chaoan.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA
Incorporated by Royal Charter, 1858.
HEAD OFFICE: LONDON
Paid-up Capital Reserve Fund
£3,000,000.
LES,000,000
Reserve Liability of Pro-
prietors
£3,000,000
Agencies, and -Branches:
Alor Star Amritsar Bangkok Batavia Bombay
Iloilo
Ipot
Rangoon Saigon
Kasashi
Samarang
Kiang
Fabe
Shanghai
Calcutta
Kuala Lumpur
Canton Cawnpore Cabu Calambo Daini
Sour
Manila
Meda
Tiantain
New York
Tangish
Haiphong
Paiping
(Phuket)
Hamburg
(Poldag)
Caingtao
Hankow
Penang
Bashin
Em Trong
Singapore Sitiawan
Foreign Exchange and General Banking businow 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 Head Once in Londen undertakes, Executor mad Trustes burriness, and dlsit recovery of British Income Mat- overpaid, terms which may be ascertained as any of its -Agencies and Branches,
A. BREARLEY,
Manager. Hong Kong, 1st January, 1985.
THE BANK OF EAST ASIA, LTD.
Authorised- Capital
Paid-up Capital
Reserva and Undivided Profiti
HEAD OFFICE --HONG KONG
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
Authorised Capital... $50,000,000 Issued and Fully-Paid-up 20,0 Beserve Funds:
Sterling Hong Kong Currency
Reserve Reserve Liability of
prietors
500,000
,000,000
$20,000,000
- HEAD OFFICE: HONG-KONG.
BOARD OF DIRECTORS. G. Misicin, Esq., Chairman.
M. T-Johnson, Esq.,
Deputy Chairman.
J. E. Bousfeld, Esq., A. H. Compton, Esq., Hon. Mr. & H. Dadwell,
JB. Alsson, Eag
AMOK
K. S. Marrison, Esq.,
Hon, Mr. J. J. Paterson, T. E. Fauros, Eng., A. L. Shields, Esq., V. M. Grayburn, Esq., Chief Manage,
KANGROE
BOMBAY
BATAVIA
CALCUTTA
CANTUN
COLOMBO DAIREN MOOCHOW HAIPHONG HIINBURG HANKOW
HARBIN HONGKEW ILOILO LPOK JOHORE KUBE
KOWLOON
ang p
BRANCHES
KUALA LUMPUR
LONDON -LYONS
MALACCA MANILA MULE
(Jobore)
MUKDEN NEW FORK FELPING PENANG BANGOON SAISON SAN FRANCISCO SHANGRIL SINGAPORE SOURABAZZA BUNGEI PATANI TIENTSIN
מזאטיל
TSINGTAO
YOKOHAMA
Chment Amoxinta opened in Local Currency and Fixed Deposita, received for ́ ODS. FIRE. DE · shorter. periods in Local Currency and Sterling on tetons. "which will be quoted on application.
ALSO up to date SAFE DEPOSIT BOXES, în varioca sites. TO LET
Hong Kong 1st March, 1982..
HONG KONG SAVINGS BANK:
The Business of the ́abora Bank is" conducted by the HONG KONG AND SHANGHAI BANK- ING CORPORATION," ·Bales may be, obtained" on application.
FOR THE BONG KONG AND. SHANGHAS BANKING CORPORATION.
7. M. GRAYBURN,
Chief Manage
Hong Kong, hat Mamb, 1882
THE YOKOHAMA SPECIE BANK LIMITED
Established 1880
Capital (fully paid-up) Yen.100,000,000 Reserve Fund
Yen 132,650,000
Head Office: YOKOHAMA
Branches and Agencies at
Alexandria
$70,000,000.00
Bangkok
Batavia
Berlin
Bombay
Calcutta
Canton
Dairen (Dainy).
20, Dos Vama Bead. Content
Moji
Nagasaki
Nagoya
New York
Osaka
Otaria
Pazis
Peiping
MAKE YOUR
TRAVEL
ARRANGEMENTS
ACROSS AMERICA
VIA
THE PACIFIC
AND
THE ATLANTIC
BOARD OF
Hou Sir Bhoú-son"
Chum, Eag
**Long** Esq,"Chan
dang, Esq., Wong
Po, Eag
Kan Tung Po, Esq., Chief
Là ta ion
BRANCHES AND AGENCIES
Fengtien (Mukden) Rango
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Rio de Janeiro
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Hsinking
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Sexttle
Hong Kong:
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York
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Interest allo
Deposits rece
fred
TAKANO,
Hong Kong, 10th Mar 1987
Londub
Every description of Banking and Exchange business transacted; : Losna, granted, an appron securities.
Cament Accounts_ppened In Local
and Fixed Deposits received for one year or shorter periods in Local, and Foreign Currencies on terms which will be quoted on syplication.
Safe Deposit Boxes To Let
KAN TUNG PO
Chind Manager...
tions.
Travel Department-
THE AMERICAN EXPRESS CO., INC.
with Limited Liability in USA
No. 4, Des Voeux Road C..
THE WING ON BANK LTD.
Head Office: Hong Kong
„Des Voeux Road, Central.
Authorised Camtal $10,000,000–
LONDON BANKE Westminster Bank
Foreig
cription
and every "banking business tra
сей
Chief
SHAN
VINGS
Capi •paid up.