THE CHINA MAL OCTOBER 28, 1937-
U.S. SHARE
MARGIN POTRYGS REQUIREMENTS
Washington, To-day. Drastic revision of Stock Market margin requirements will become effective from No-." "vember 1, announces the Feder-
al Reserve Board..
POPPY DAY
PANKS
BANKS
ONG KONG
BANK
Authorised
Las
250,000
ate distress due to un-
mployment, and tem
Eness
INDIA AUSTY
CHINA
tish
LONDON
Hong Kong Reserve.
ere alleviated by the gion's 3,993 honorary
tors
Currenty
00,000 Reserve Liability of Propr 190,000: tors
,000,000
ity of Proprie
-Manchester Branch, 71, Mosley Street, Manchester. Agencies and Branches:
HRAD committees, at a total cost of £215,-
$38, Bi 711
Paid-up Cap The following contributions have Reserve Fund already been received this year:-Reserve
Mr. and Mrs. D. C. Edmondston $100, Hon. Mr. J. J. Paterson $100, The Hong Kong & Shanghai Hotels, Ltd: $100, Hong Kong Cricket Club $100, E. D. Sassoon Banking Co Ltd $50, L. E. N. Ryan $50, A. R. Reserve Board officials reH. Phillips $50, H. R Sturt $50,
Margin for purchase of se -curities is reduced from 55 to
40 per cent.
On short sales a margin of 50 per cent. is imposed.
fused to comment on the revi- sion, but other quarters be- lieve it would tend to drive up stock market prices, since both changes are calculated to en- courage purchase" rather than sale of securities.
It is understood the Board conferred with the Stock change Committee before an nouncing the changes.
Margin requirement on short sales is an innovation in Re- serve Board regulations.
Hitherto the absence of Gov- ernment regulations on the New York Stock Exchange re- quired short sellers to put up a margin of 10 per cent-Reu ter.
HOCKEY ASSN. COUNCIL MEET TO-DAY
Mr. and Mrs. E. J. R. Mitchell $30, Mr. and Mrs. L. Carter $25, J. Scott Harston $25, A. C. Wilcox $25, John Fleming $25, Hon. Mr. M. T. Johnson $25, V. Sorby $25, G. A. Pentreath $10, Kayamally & Co., $10, Hon. Mr. M. K. Lo $10, E. C. Tregillus $10, G. A. Stewart $5,
Alor Star
Amritasz
Batazia Bombay Calcutta
Cawnpore
Delo
Ipoh
Tampu
king....
Fangoon Saigon
Serem
TH
loubo
Hamburg Haskow Harbin Trong Wor
Medan New York
(Poking) Ferang
Som
Zamboangs
Forsigur Exchangs and General Banking business.
transacted..
Current Accounts opened and Fixed Deposits received for one year or abortor, paciods at ráca
Hon. Mr. J. P. Braga. $5, Ngan Shinghich will be quoted on application Kwan $5, Mr. and Mrs. J. D. Par- kinson $5. Total $840.`
The Bank's Head Ofice in London undertakes and trustsson businesta – aud of Briksh Income Tax overpaid, terms which may be ascertained., at any of its Agensis and Branches
R.W. ROBERTS
Hong Kong, 1st Januar
Manager.
1935.
Further contributions will be gratefully received by Mr. F. G. Maunder, Secretary to Earl Haig's Fund, Hong Kong & Shanghai Bank Building Hong Kong. Cheques should be made payable to Thom- son & Co., and crossed "Poppy Day THE BANK OF EAST ASIA, LTD.
*Fund.”
at 5.30 p.m. this evening. The agenda is as follows:
To confirm the minutes of the previous meeting, To read corres- ipondence; To pass, the amended Hockey A General Meeting of the Hong rules of the Hong Kong.
other busi- Kong Hockey Association will be Association and any held in St. Andrews Church Hall 'ness.
TRAVEL JAPAN
IN
COLOURFUL AUTUMN
To visit her
Everchanging Beauties
and Attractions
WEATHER
Invigorating, Bright & Dry HOTELS
Accommodations Ample Charge Extraordinarily Cheap JAPAN HOTEL ASSOCIATION
FOR PARTICULARS PLEASE APPLY TO
JAPAN TOURIST BUREAU
c/o N. Y. K. LINE, & Connaught Road Central, Tel No: 30291
Authorised Capital Paid-ap Capital Reserve and Undivided
Profits
$10,000,000.00 $5,598,600.00
€2,776,726.76)
HEAD OFFICE, HONG KONG. 30, Dos Vaxx Boad, Central.
BOARD OF DIRECTORS:
Fion. Siz: Shou-son Chow, Chairman; Li Koon Chun, E., P. Kwok Rat Woo Im Tong, Fag Chan Ching Shak, Esq., It Las Sang, Bag Wong Chu San, Eaq., Kaz Ying Po Eag
and Fung Fing Wah Eq.
Kobe Koricon
Kan Tung Po, Eags Chief Manager. Ti Tas FoxM. Eng., Manager. BRANCHES AND AGENCIES: Seattle
moted.
Sydney
Seursdays Swatow
li
Tiantain
Tokyo
Yokohama
of Banking and Exchange Toms, granted on approved
Current frcounts, opened in Local Currency and... BizadTM Deposita zosïved' inr ons gear or shorter periods in Local and Foreign Currencies on-tarms which will be quoted on application.
Safe Deposit Bazes To Let
KAN TUNG“ PO,
The Chief Managest.
THE WING ON BANK, LTD.
Head Office: Hong Kong. 26, Des Voeux Road, Central. Authorised Capital $10,000,000
LONDON BANKERS: Westminster Bank, Ltd.e
0,000.
[$20,000,000
HEAD OFFICE: HONG KONG.
BOARD OF DIRECTOR
G. Miskin, Ext., Chaizmant
Hon. Mr. M. L. Johnson,
Deputy Charman.
J. K. Bocsfald, Eaga
AH. Compton, Baq...”.
S. E. Dodwells: Faqe,
J. E. Masson, Esq.s
Hon Mr II TE. Pearce, Eag
AL. Shiekh Pac
Sir Vandeleur M. Grayburu,
AMOY
BANGKOK
BATAVIA
BOMBAY CALCUMIA CANTON
CHEF DO
COL
HOW
FONG
HANKOW HARRIN
HONGERW
ILOILO
IPOH JOHORE
KOEK..
KOWLOON
BRANCHES.
KUALA LUMPUR-
LONDON LYONS MALACCA MANILA
MUAR: (Johor)
MUKDEN
NEW FOR
PELFING- PENANG BANGOON
SAIGON
SAN-KBANGIBOO
SHANGHAT
SINGAPORR
ABAZA
EL PAVANI
VIST
TOKOHAMA
Cuarent Anocente opened in Local Currency and Fixed Deposita received for one, yuse de slibeter periods in Local. Currency and Sterling on. Reco which will be quoted on spplications.
ALSO up to date S473 DEPOSIT BOXES in various sizes. TO IET
Hong Kong, das Karch, 1992.
HONG KONG SAVINGS BANK
The Buzibens of the above. Bank
be the HONG KONG AND SHANGHAI, BANK. ANG CORPORATION, Bales (20xy - be obtained.
on suplication.
FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION.
Y. 1. GRAYBUEN.
Chief Manager *March 1967
THE YOKOHAMA SPECIE BANK UMITED
Established 1888
Capital (fully paid-up) Yen 100,000,000 Reserve Fund
Yen 134,400,000
Head Office: YOKOHAMA
Bran Alexandria Bangkok Batavia Berlin Bombay
Calcutta
Canton
Dairen (Day)
али
Mon Nagasaki
Nagoya
New York-
Osaka
Otarn
Paris
Peiping
Rio de Janeiro
San Fr
Fengtien (Mukden) Rangoon
Hamburg
Bankow
Harbin
Hong Kon
Foreign Exchange and every des- Honolulu cription of banking business transacted Hsinking
Karachi Current Accounts and Savings Ac counts opened. Fixed Deposits re- Kobe ceived at rates which will be quoted on London
Manis application
Trusteeship & Executorship under taken Safe Deposit Boxes for hire.
PHILIP GOCKCHIN,
Chief Manager
COASTWISE
"ALGIE BENNETT.
An interesting book of Cartoons "Happenings ou Chima Coast
PRICE $1.00
The Newspaper Enterprise, Ltd. China Mail Building.
Los Angeles.
Yingkow
Interest allowed for C commts.
Deposits received for fixed at rates to be obtained on
Hong Kong, 11th Sep
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED
Incorpor
Capital
Reserves
Capital Sayings Dept Beserve Savines Dept
#Head Office
A Bank having. the industrial ina and the
ercial relations.
Hone
6, Queen's Road
Phone 21115
China
1000.