CHINA MAIL, MARCH 29, 1937.
JAPANESE GRIP
ON MALAYAN IRON ORE
htening its grip on the iron-ore supply from British-Malays while the world fron and steel famine is threatening to throttle Britain's -heavy industries.
NEW TIN-PLATE PROCESUL
Now Progressing In America
Work now under way at the Pitts- Thus the Empire sees the paradox of burgh Crucible plant of the Crucible a part of its territory provide a foreign Steel Co, and also reported to be in Power with materials for armaments Steel Corporation plants may result progress at one of the United States Japan controls virtually all the iron-in a new electrolytic tim-plate process ore mines in Malays, and practically all which will reduce the cost of manufac- the ore is shipped to Japan.
to
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA-
HEAD OFFICE: LONDON-
£3,000,000
Paid-up Reserve Reserve
priet
BANKS
KONG AND SHANGHAI ANKING CORPORATION
Aufborized Issued and Falk
Reserve Funds:
Sterling
Hong Kong Lunter
Reserve
£000,000
Agencies and
Reserve Liability of Pro-
Alor Sta
Kangoon
$20,000,000
Calout
The Malayan output of iron-ore last ture by ten per cent.
The electrolytic method whereby tin year rose by over 200,000 tons 1,612,309 within 12 months. This in-the usual hot-dip procedure, would re- is deposited on black sheets instead of crease was entirely due to the exten- duce the amount of tin needed for any sive developments of mines in the Ma- grade of plate. Estimates in informed lay State of Trengganu by the Nippon
that standard grades Colombo quarters are Mining Company, whose exports were might be coated with only half a pound a million tons.
of tin per base box instead of 1 Tbs. as at present, alowing a reduction of 50 cents per base box, which now sells at 4.85 dollars.
Further development of iron-ore 'de- posits is to be made in the State of Johore by the Ishihara Sangyo Koshi “Ltd
Additional Output Extensive development is also pro- ceeding at Bukit Best, where 50,000,000 tons is reported to be available on the surface and it is reported that the NIP pon Mining Company is aiming at an additional output of 250,000 tons this
*year.
Work is going ahead on a large pier out into the sea, which will permit lighters to load at low tide during the eight months of the year when the northeast monsoon does not blow.
Cebu
Delhi
phong
Hamburg Hankoer Harbin
Hoan Xoay t
transacted.
Kuching Madras
Mediso
New York Pairing
(Paking)
Parang
Current Accitas opened and Fixed Deposite
received for one year or shorter periods at rates which will be sputed on application
This would mean a saving of slight- Pareign Exchange and General Banking bouches ly more than ten per cent. It is stated that the quality of the plate would be the same under the new method, and also that plate of higher quality could be manufactured for the same price.
Effect On Can- Industry One of the characteristics of the electrolytically produced plate is a greatly reduced porosity.
It is stated that if the new method
is commercially successful it would result in obsolescence of a heavy in- vestment in dipping equipment in in-
Executor
The Bank's Head Offer in London undertakes and Trustee business, stud claims recovery of British Izsome faz oruspaid, on terms which may be ascertained at any of its Agencies and Branches.
A. BREARLEY,
Manager Hong Kong, 1st January, 1935.
HRAD OFFICE: HONG KONG.
BOARD OF DIRECTORS,
- G. Miskin, Esq.,
Chairman.
MT Johnson, Esq.,
Deputy Chairman.
J. E. BourSald, Eng.,
AS, Morrison,
A. E. Compson. Engu, doan Mzi Jalla Zabuko Bot. Mr.S. E. Dodwall, 2. R. Panky 12"
.E. Masson, Eag
AMOT
A. L. Shields, Bags V. M. Grayburn, · Bag.,
BANGKOK BATAVIA
HOW SONG
-Chief Manage
“. BRANCTIES:
LUNDON
ALUER (Johors)
NEW YORK
PERANG
BANGOOM
SAIGON
- SAN FRANCISCO
"SYANGEAT-
SINGAPORR !
SOURART BUNYI PLUTA NË TIRKISIS
УОКОНАМА
TSINGTAO
KOWEL KUALA
$10,000,000.00 8,600.00
Ore rained in Malaya is of such good dustry.. quality the greater portion of it being t high-grade haematite averaging about be important as it would help in com-
The effect on the can industry would THE BANK OF EAST ASIA, LTD. 64 per cent of metallic iron-that the petition against other types of packing comparatively high costs of transport by the introduction of have not prevented it taking an impor- tant place in Japan's list of imports, which includes ore from China, Korea and Manchukuo," as well as the Phi lippines and Australia.
“RED INK” BONDS
better cans: profits would probably be Paid-up Capital
cheaper and Authorised Capital unchanged as most can contracts are Reserve and Undivided. on a cost plus basis, varying with the price of tin-plate.
Profits
| 2,776,726:75
HEAD OFFICE: HONG KONG. 10, De Vour Road. Central..
BOARD OF DIRECTORS:--
Although it is reported that Crucible Steel began production of the new sort of tin-plate last summer, the company has not disclosed the amount of its go. Sir Shou-son Chow, Chairman; Li Kean “Red ink" bonds will soon be sold in investment in the new process nor what Chan, Rage F. K. Irok. Japan's post offices along with postage difficulties, if any, have been encounter: Teng Eq. Chan Ching-Shek stamps if the Treasury succeeds ined in commercial production. ́carrying out its present plans:
Faced with the task of marketing Y360,000,000 worth of budgetary de ficit bonds in 1937-38 fiscal year, Tres- sury officials decided to set a precedent by selling the securities to the "man- -in-the-street.”
Hitherto, Japan's budgetary deficits have been covered by borrowing from huge banks and trusts, which preferred to invest their idle funds in State-bords instead of in industry.
Treasury officials also emphasised their desire to popularise bond issue," by spreading it among the largest pos- sible number of people.
THE WING ON BANK, LTD.
Head Office: Hong Kong. 26, Der Toen Road, Central.“ Authorised Capital $10,000,000
LONDON "BANKERS: Westminster Bank, Ltd. Foreign Exchange and every des- cription of banking business transact- ed.
Curent Accounts and Savings Ac- counts opened. Mixed Deposits re- ceived at rates which will be quoted on application
M.. Vladimir Sokoline, Counsellor at Trusteeship & Executorship under. the Russian Embassy in Paris, has been taken. Safe Deposit Boxes for hire. appointed Under-Secretary-General of the League of Nations in succession to
M. Rosenberg, new Soviet Ambassador to Spain
PHILIP GOCK CHIN, Chief Manager.
Woo
Sang. Bag, Wong Chu Son, Esq, and Tan Ying Po, Esq.
Kan Tang, Pe, Esq., Chief Manager. In The Fong. Bag, Mapagır.
BRANCHES AND AGENCIES
Batavia
Bombay
Calcutta Canson
Bankow
Fondlalu.
Lowious London
Every description of Banking business transacted.
Current Accusante opened in Loos! Cur and Fixed Depozite received"-kar com you shorter periods in Local and Fasign- Cure on terms which will be quoted on
Safe Deposit Bezes To Let
KAN TUNG-PO,
HONG KONG SAVINGS BANK
The Business of the above: Bank-in: conducted by the HONG KONG AND BHANGULAT BAXK- ING CORPORATION. Hälm may be obtained 'an application.-
FOR THE HONG KONG AND SHANGHAI
·BANKING CORPORATION.
V. K. GRAZBURK,
Hong Kong, lat. Karch, 1967.
THE YOKOHAMA SEFCIE BANK LIMITED
Beserve
1880
Yen.100,000,000 Yen 132,650,000
Head Office: YOKOHAMA
Alexandria
Bangkok
Batavia Berlin
Chief. Manager. -
Bombay
Calcutta
Canton
Dairen (Dainy)
“Land Agencies" at
Moji Nagasaki
Nagor
New York Osaka
Paris
Peiping
THE TAIKOO DOCKYARD & ENGINEERING COMPANY
OF HONG KONG, LIMITED
BUILDERS OF ALL CLASSES OF SHIPS.
Fengtien (Mukden) Rangoon
Hamburg
Hankow
Harbin
Hong Kong
Honolulu
Rio de Jengira
San Francisco
Tientain
BUILDERS OF BE
BUILDERS OF MAK
BUILDERS OF
Under L
BUILDERS OF
Under Sp
Licensed o
For Internal
FOR DOCKING VERY LARGE,
ALL CLASSES OF SHIP
WELDING, BOTH ELECTREET
Tel. Address
Telephone No. 3023
Call Flag:
TING STEAM ENGINES.
SLAND BOILERS.
LOUT
AT TIDE
BUTTERFIELD & SWIRE
Hsinking
Karachi
Koba London
Manila
Los Angeles
Interest allowed for
Deposits received for fixed periodi at rates to be obtained on suplies tions.
I ANO,
Hong Kong, 10th March, 1937.
SHANGHAI COMMERCIAL &
SAVINGS BANK