· THE CHINA MAIL, MAY 28, 1937.
EAST MINDANAO
MINE
Well Up With The Mill
manager.
JAPAN'S COAL SHORTAGE
Production And Consumption
Japan's annual consumption of coal has been mounting at a rate of a little over 10 per cent. per annum since 1931.
BANKS
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA
Incorporated by Royal Charter, 1855.
HEAD OFFICE: LONDON
HONG
BANKS
KONG, AND SHANGHAI
BANKING CORPORATION
“Authorised - Capital
$50,000,000
Issued and Fully-Paid-up.. 20,000,000 Reserve Funds:
Sterling
£6,500,000
Hong Kong Currency
.£8,000,000
Reserve
$10,000,000
.£3,000,000
Reserve Liability of Pro-
prietors
.$20,000,000
£3,000,000
Paid-up Capital Reserve Fund Reserve Liability of Pro-
prietors
Agencies and Branches:
Alor Star Amritsar Bangkok Batavia Bombay Calcutta Canton
Boilo
THE
Colombo Delhi Haiphong Hamburg Hankow Harbin Hong Kong
transscted.
Ipoh Karachi Klang Kobe Kuala Lumpur Kuching Madras Manila Madan New York Poiping
(Peking)
Ponang
Rangoon Saigon Bamarang. Seremban Shanghai Singapore Sitiawan Sourabaya Taiping Tiantain Tongkah
(Bhuket) Tsingtao Yokohama Zamboanga
For the first time since last August the mill fine bin at the East Mindanao Mining Company is full above the cross
The total consumption in Japan Pro- timbers, this in spite of a decreased tonnage from the dumps. This is in- per stood at 27,000,000 tons in 1981, terpreted as a healthy sign that the but the 1936 total was 43,500,000 tons. mines are now taking care of the pro- It is considered certain that Japan's duction without the necessity of the consumption in and after 1941 will ex- dumpa which are in any case nearing ceed 70,000,000 tons. Thus Japan must depletion, according to the April report increase her annual output by 27,000,- of J. Smeddle, acting manager, releas-000 tons within the next few years. ed by H. Gasser, president and general The outlook in her colliery industry, however, hardly admits of unqualified During the month the mill treated, optimism. Although the production. in 3,090 tons, and produced P64,157.80, an Kyushu last year constituted 67 per average of 108 tons per day. Recovery cent. of the national total, it is highly averaged 92 per cent. The dumps pro-doubtful whether such a large percen- duced 642 tons of ore averaging P13.84, tage can be maintained in future, the while development and stopes produced general impression being that the peak 3,178 tons averaging P24.05. The total has already been seen. Hokkaido and tonnage mined and crushed was 3,720. South Saghalien are the only hopeful Ore production from the 100C, 100F, sources, but the former has poor trans- 200C, 200F, 800C, 300D, 300F and 400F port facilities and the latter climate stopes in the Mindoro mine amounted
difficulties. to 2,673 tons.
A Japanese expert holds the view The average grade from these stopes was P27.07. The lowest that in the next five years Japan will grade stope was the 100C which aver be able to increase her output by only aged P17.29 and the highest was the 15,000,000 tons; 7,000,000 to 8,000,-rory of British Income Tax overpaid; on 400F which averaged -P88.97. In the 000 tons in Hokkaido, about 2,000,000 terms which may be ascertained at any of its
and 400F the shoot is shorter than in the tons in South Saghalien
about Agencies and Braushës. upper levels but the ore is of much 5,000,000 tons in Japan Proper, includ-
R. W. ROBERTS, higher grade.
Manager. Production from stopesling Kyushu. has been greatly improved during the If so, there will be a shortage of Hong Kong, 1st January, 1935. last four weeks.
12,000,000 tons, which must be sought Tonnage has been lower mainly be-in other countries, especially "Manchu cause of the necessity of an overhaul kuo" and North China. Hence it is ín.
the crusher department. This will being suggested in many quarters to THE BANK OF EAST ASIA, LTD. be taken care of as soon as it is possi- form an East Asiatic coal bloc so as to ble, the report states. Some trouble insure adequate supplies for Japan's was also experienced in the power house needs at reasonable prices. on No. 1 Diesel which delayed mill operation over a period of 24 hours.
Present outside development work is being well taken care of. Exploration is being contemplated in the near fu- ture on the Reno claims, Tinupan mine, and Mount Dagget.
BATÓNG BUHAY
PROGRESS
Development work during April at the Philippines Batong-Buhay Gold Mines property brought encouraging results, according to the report.
of Earle W. Berry, general superinten→ dent. Additional power-driven blowers. are being installed in the tunnels to accelerate the work, Mr. Berry reports.
Tunnel B was advanced
70.4 feet during the month, and the total dis- tance from portal to face is now 486.8 feet. Good values were reported from this working.
Tunnel H cut a vein at 111 feet from the portal, according to the report, and high assays were said to have been obtained from samples.
Exploration work to date, according to Mr. Berry, makes the possibilities of the property good..
Foreign Exchange and General Banking business,
Current Accounts opened and Fixed Deposits
which will be quoted on application.
The Bank Head Office in London undertakes Executor and Trustee
olaima business, and
received for oss year or shorter periods at rates
Authorised Capital .$10,000,000.00 Paid-up Capital
$ 5,598,600.00 Sir Charles Bentinck, the new British Reserve and Undivided. Ambassador to Chile, presented his Profits
-$ 2,776,726.76 credentials to the President, Don Artuto Alessandri Palma.
HEAD OFFICE :—HONG KONG. 10. Des Vœux Road, Contral.
BOARD OF DIRECTORS:----
Koon
Germany's railway fare, concessions for foreigners will no longer be restrict-Hon. Sir Shou-son Chow, Chairman; Li ed after June 1 to persons staying at Chun, Esq., P. K. Kwok, Esq. Wong Yun least seven days in the country.
Tong, Esq., Chan Chỉng Shel, Esq., Li Laa
Esg-
Wang Chu Bon, Esq. and Kan Ying Fo,
Fung Ping Wah, Esq.
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.
SADBE...
Kan Tung Po, Esq., Chief Manager. Li The Fong, Esq., Manager.
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Amoy Batavia Bornbay Calcutta
Bantow Honolulu Robe Kowloon London
Osaka Paris
Manila Melbourne
Scattle
Semarang
Nagasaki
Shanghai
New York
Eingapore
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SeaLow
Sydney
Talhoku
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Paiping
Penang.
Rangoon
Saizon
San Francisco
...
Every description of Banking and Exchange business transacted. Loans granted on approved
securities.
Current Accounts opened in Local Currency and Fixed Deposita received for one year or shorter periods" in Local and Foreign Currencies on terms which will be quoted on application.
Bate Deposit Boxes To Let.
KAN TUNG FO,
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
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Call Flag: #Numéral One,” over "Pennant Anns,”
BUTTERFIELD & SWIRE, Agents
HEAD OFFICE: HONG KONG.
BOARD OF DIRECTORS.
*G. Miskin, Esq.,
Chairman
Hon. Mr. M. T. Johnson,
Deputy Chairman,
J. K. Bousfield, Esq., A. H. Compton, Esq., 8. HL Dodwall, Esq. J. E. Masson, Esq.,”
K. S. Morrison, Esq..
Hon. Mr J. J. Patarson, T. E. Pearce, Esq.,
A. L.. Shields, Eaq..
Sir Vandeleur M. Grayburn,
AMOY
BANGKOK
BATAVIA
BOMBAY. CALBUTTA CANTON CHEFOO COLOMBO
DAIREN DAIREN FOOCHOW HAIPHONG HAMBURG HANKOW HARBIN HONGKEW ILOILO. IPOH JOHORE
KOBE
KOWLOON
Chief Manager.
BRANCHES :----
KUALA LUMPUR-
LONDON LYONS
MALACCA · MANILA MUAB (Jaboze) MUKDEN NEW YORK
FEIPING PENANG RANGOON SAIGON
SAN FRANCISCO SHANGHAL
SINGAPORE
SOURABAYA SUNGEI PATANI TIENTSIN
* ΤΟΚΙΟ
TSINGTAO
YOKOHAMA.
Current Accounts opened in Local Currency and Fixed Deposita received for one year or shorter periods in Local Currency and Sterling on. terma
which will be quoted on application.
ALSO up to date. SAFE DEPOSIT BOXES is various sizes. TO LET.
Hong Kong, lat March, 1987,
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 on application.
TOF THE HỎNG TONG AND SHANGHAI BANKING CORPORATION.
M. GRAYBURN,
Chief Manages
Hong Kong, 1st March, 1937.-
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'
Bangkok
Batavia
Berlin Bombay Calcutta
Canton
Dairen (Dainy)
Fengtien (Mukden)
Hamburg
Hankow
Harbin
Hong Kong
Honolulu
Hsinking
Karachi
Kobe London
Manila
Los Angeles
Moji
Nagasaki
Nagoya
New York
Osaka
Otri
Paris
Peiping
Rangoon
Rio de Jeneïre San Francisco Seattle
Semarang
Shanghai
Singapore
Sourabaya
Sydney Tientsin.
Tokyo
Tsingtau
Yingkow
Interest allowed for Current As- counts,
Deposits received for fixed periods at-rates to be obtained on applica- tions.
Y, KANO,
Manager
Hong Kong, 10th March, 1937,
THE
· SHANGHAI COMMERCIAL &
SAVINGS BANK LIMITED
(Incorporated in China)
Capital paid up
Reserves
$5,000,000.
$7,500,000.
Capital Savings Dept. $500,000, Reserve Savings Dept. $600,000.
- Head-Office--Shanghai E A Bank having as its mission the industrial developments on China and the fostering of her commercial reļations abroad. Hong Kong Office-
Queen's Road, Central.
Phone 31116,