"THE "CHINA MAIL, APRIL 7, 1987.
WESTINGHOUSE WIN LARGE CONTRACT
refrigerators
LOCAL DOLLAR
London Silver Prices
The dollar opened on demand this morning at 1/2-27/32./
The biggest electric refrigerator order in history was won by the Westinghouse Electric and Manufac turing Company when the Housing Division of the Public Works Adminis "Spot" silver was quoted at 211⁄2 tration of the United States chos and "forward,” at 211⁄2. Westinghouse
for its The London on New, York cross- nationwide low-renting housings and slum clearance programme. These re-rate was quoted at £U.S.$4.9070, frigerators-16,697 in number-will be and the New York on London erose- installed in thirty-four housing projects rate at 4.90%. in various cities of the United States.
Manufacturers bidding on the con- tract were required to submit two
The R.M.S. "Empress of Japan" figures to the government, the first
arrived at Shanghai on the yester- covering the unit
of the re- price frigerator and the second the guarday at 10 a.m, and is due at Hong anteed cost of operation over a ten-Kong on Friday at 6 a.m. She leaves year-period. Of the eight major for Manila on Friday at 5 p.m. manufacturers bidding, Westinghouse showed considerably less operating cost than the next lowest bid. Although Westinghouse was not lowest in its bid of unit price, the lower operating cost, figured on a ten-year brought the evaluated bid under that of the other: bidders, again proving the Westinghouse Ulaim, "It's ten-year economy that counts.”
METHOD OF PRICING
basis,
THE MERCANTILE BANK OF INDIA, LTD.
HEAD OFFICE :
15, Gracechurch Btrest, London, R.C.8.
£3,000,000 Authorised Capital Subscribed Capital
1,800,000 1,050,000 Paid-up Capital Reserve Fund & Rest.. 1,247,830 The Bank of England & Midland Bank, Ltd.
- BRANCHES:
The evaluated bid was obtained by adding to the price of the refrigerator “the guaranteed current consumption for a ten-year period. Westinghouse was in fifth place for initial cost but the operating cost, based on the aver- age current consumption in four per- formance tests was the lowest of all. These two figures combined gave
evaluated price Hong Kong Westinghouse- which was the lowest submitted by any bidder.
an
Bangkok Bombay Calcutta Colombo Delhi Gala
Howrah
BANKERS:
Ipoh
Kandy
Karsahi
- Kota Bharu
Kuala Lipis
Kuala Lumpur
Kuala Trengganu
New York Ponang Fort Louis (Mauritius) Bangoon Shanghai Bimla
Kuantan (Pahang) "Singapore Madras
To check the guaranteed perform- ance of the refrigerators after the contract is made, the government will select at random several, refrigerators from those crated for shipment and submit them to rigid tests prescribed in the original request for bids. A bond in the sum of half the total amount involved in the transaction is 7, Queen's Road, Central, posted to guarantee that the final tests will not show a cost greater than the guaranteed cost, so no manufac- turer would lay himself liable to such a heavy penalty unless he was certain that his refrigerator would actually deliver the goods.
HONG KONG BRANCH.
Every description of Banking and Exchange business transacted.
Travellers Cheques issued.
Trustee and Erecutorships undertaken. INTEREST; allowed on Current Accounts and Fied Deposita at Rates that may be ascertained
application.
D. BENSON,
Deliveries under this contract have already started.
Singapore Raw Rubber
THE WING ON BANK, LTD.
BANKS
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA
Incorporated by Joyki Charter, 1858, HEAD OFFICES LONDON
Paid-up Capital Reserve Fund
£8,000,000 £3,000,000
Reserve Liability of Pro
prietors
£3,000,000
Rangoon Baigon
Agencies and ✅Branches:
Alor Star Amritsar Bangkok Batavia Bombay Caloutta Canton Cawnpore Cebu .Colombo
+
Hollo Ipoh Karachi Klang.. Kobe
"Kuala Lumpur. Singapore
H
Caiphong
Hamburg Hankow Hathin ifone Fong
Kuching Modras Manila Medan New York Felping
(Peking) Penang
· Samarang - Seremban Changkel Bidswan *Bourabaya Exping Tientsin Toogash
Elanket) Tsingtao Yokohama Zamboanga
Foreign Exchange and General Banking business transacted.
Current Accounts opened and Fixed Deposita roosived for one year or shorter periods at "rates which will be quoted on application.
The Bank's Head Ofice in London undertakes Freontor and Trustee business, and claims госотоку of British Income Tax overpaid, on terns which may be ascertained, at any of its Agencies, and Branches.
A. BREARLEY,
Manager.
Hong Kong, 1st January, 1935.
THE BANK OF EAST ASIA, LTD.
$10,000,000.00 $5,598,600.00
$2,776,726,76-
Authorised Capital Paid-up Capital Reserve and Undivided
Profits
HEAD OFFICE:-HONG KONG. 10. Des Voeux Road, Central,
BHANCHES AND AGENCIES:
BANKS
17
HONG KONG AND SHANGHAI BANKING CORPORATION
eserve Funds::
Sterling
Hong Kong Currency
*Reserve
|$50,000,000 up.. 20,000,000
2
£6,500,000
$10,000,000
A $20,000,000
Reserve Liability of Pro-
prietors.
HEAD OFFICE: HONG KONG,
BOARD OF DIRECTORS. G. Miskin, Esq., Chairman.
--M.T; Johnson, Esq.,
Deputy Chairman.
-J.-K. Bonafield, Esq.,
A. H. Compton, Esq.,
-K.; Morrison, Esq., 11: Hon. Mr. J. J. Katarson,
Hon. Mr, 8. H. Dodwell, T. El Peuros. Eng.. J. B. Maason, Esq.. · A. L. Shields, Baqi,
V. M. Grayburn, Esq., Chief Manager.
AMOY
BANGKOK
BATAVIA BOMBAY
CALCUTTA
CANTON CHEFOO COLOMBO DAIREN FOOOHOW HAIPHONG, HAMBURG HANKOW · HARBIN HONGKEW
ILOILO IPOH
JOHOBE KORD KOWLOON
BRANCHES :-
- KUALA LUMPUR
LONDON LYONS
MALADOA MANILA MUAR (Johors) MUKDEN NEW YORK
FELPING PENANG RANGOON -SAIGON
SAN FRANCISCO SHANDHY SINGAPORE SOURARAKA SUNGEL PATANI TIENTSIN TOKYO TSINGTAO
УОКОНАМА
Current Accounts opened in-Local Curranay and Fixed Deposits rooülvad1⁄2for one-year or shorter. periods in Local Currency" and "Starling on tæma which will be quoted on application.
ALBO up to date BAPE DEPOSIT BOXES in Various sizes TO LET.
Hong Kong, Apt March, 1997,
HONG KONG SAVINGS BANK
The Business of the above Bank is conducted by the HONG KONG, AND SHANGHAI BANK- ING CORFORATION. Bules may be obtained an application.
FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION.
M. GRAYBURN,
Ukler · Manager. $1987
BOARD OF DIRECTORS pa
Eton.
- Manager.
Bir Shou-son Chow, Chairman; Li, Koon Yun Chun, Esq., P. K. Kwok, Esq. Wong Tong, Esq.,
Chan Ching Bbek, "Esq.,” Sang, Esq., Wong Chu Son, Esq. and Kan Ying Po, Esq.
In
Kan Tung Po, Esq., Chief Manager. Li Tea Fong, Fag...," Manager.
Hoài Hoan
3 Manila.
Seattle
New-York
Semarang Shanghai Eingapore
Bourabaya Bestow
Tientaln
Tekyo-
San Francisco
VanGouve
Youthama
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-
Messrs. H. B. Joseph & Co., received the following quotations from Singa- pore in Straits Currency for Raw Rub-counts opened.. Mixed Deposits re- ber:
Spot
-Buyers
43% Down '14 44% Down
May/June
July/Sept.
44% Down
Oct./Dec.
44% Down
-Market: Steadier.
ceived at rates which will be quoted on_application.
Trusteeship & Executorship under- taken. Safe Deposit Boxes for hire.
PHILIP GOCKCHIN, Chief Manager.
Amoy
Batavia
Bombay
Calcutta Canton
Haiphong
Hankow Hónalulu Kobe Kowloon Londin
Melbourne Nagasakt
Paria
Palplag Feuang Razgood
one year or
Every description of Banking and Exchange Loans-granted on approved business transacted. securities.
Currant Accounts opened in Local Currency and Fixed Deposits reosived for shorter period is Local and Foreign Currension on terms which will be quoted on application.
Safe Deposit Boxes To Let stan
KAN TUNG. PO,
Chief Manager.
THE TAIKOO DOCKYARD & ENGINEERING COMPANY
OF HONG KONG, LIMITED
BUILDERS OF ALL CLASSES OF SHIPS.
· BUILDERS OF RECIPROCATING STEAM ENGINES.
·BUILDERS OF MARINE AND LAND BOILERS.
BUILDERS OF TURBINE MACHINERY.
Under License From Messrs, Parsons.
·BUILDERS OF DIESEL ENGINES.
Under Special License From Messrs. Sulzer Bros.
Licensed To Manufacture Lanz Perlit Iron, Specially Suitable
For Internal Combustion Engine Working Parts.
DOCK & SLIPWAYS
FOR DOCKING" VERY LARGE, AS WELL AS SMALLER VESSELS? ON ANY TIDE
ALL CLASSES OF SHIP ENGINE AND BOILER REPAIRS AND EXTENSIVE WELDING, BOTH ELECTRICAL AND OXY-ACETYLENE, SKILFULLY AND
PROMPTLY CARRIED OUT
Tel. Address : Taikoodock,” Hong Kong. Telephone No. 30211.
Call Flag: "Numeral One,” over “Pennant Anns.”
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
Moji
Alexandria
Bangkok Batavia Berlin Bombay
Calcutta
Canton
- Dairen (Dainy)
Nagasaki
Nagoya New York “Osaka.
Otarn
Paris
Peiping
Fengtien (Mukden). Rangoon
Hamburg
~Hankow
'Harbin
f Hong Kong
Honolulu
Hsinking Karachi
Kobe London
Manila.
Los Angeles
Rio de Janeiro
San Francisco
Seattle
Semarang
Shanghai
Singapore
Sourabaya
Sydney Tientsin
Tokyo
Tsingtau
Yingkow
Interest allowed for Current Ae
I counts.
@Deposita received for fixed periods
at rates to be obtained on applics tions.
Y. KANO,
Manager.
*Hong Kong, 10th March, 1937.
THE
SHANGHAI COMMERCIAL &
SAVINGS BANK LIMITED
(Incorporated in China)
Capital paid up
Reserves END TA
$6,000,000.
500,000.
Ospital: Savings Dep Reserve
50,000.
ings:Dep
00,000
BUTTERFIELD & SWIRE, Agents
Chir
201
Hong
Phone-311165