HONGKONG'S TRADE
London, To-day.
SSATISFACTION that latest reports from Hong
BANKS
THE CHARTERED BANK OF INDIA AUSTRALIA & CHINA
tors
Inveco
Ey Boyal Charter, Teksti HEAD OFFIER. LONDON-
38, Bishopsgate,
Fund
BANKS
HONG KONG AND SHANGH BANKING CORPORATION
thorised.
Issued and
Reserve Fund
Sterling
0,000
000,000
Hong Kong Corency
000,000}
Reserve
$10,000,000
Reserve Liability of
$28,000,000
£3,000,000 tors
Manchester Branch, 71, Mosley Street, Manchester.
Kong showed that the Sino-Japanese conflict Paid-up Capital had not yet resulted in any decline in the Col-Reserve Liability of Proprie- ony's trade, was expressed in the House of Commons yesterday by the Secretary for the Colonies, Mr. Ormsby Gore, in answer to the question put on Nov. 10 by Mr. A. C. Moreing, Conservative member for Preston.
SHANGHAI'S
TERRIFIC
TRADE SLUMP
Shanghai, To-day.
Agencies and Branches:
Alor Star
Bangkok
Xicilo
Ipad Karachi
Rang Tobe Kuala Lumpur
Fangvon Saigon.
- Samaran
Bombay
Canton Cawnporn Cebu
Kuching Madras:
Colombo Dekhi
Medan
New For Poining
Hamburg Bankow Barbia Hoar Kong
(Pakings
Langkah
(Bruket) Tsingtao Yokohama.
in
Mr. Ormsby Gore said that monthly imports and exports in re- cent months showed a considerable iphong rise over the monthly average for the year, and a still greater rise over the comparable months F1936.
.
After quoting figures from Jan- nary to September last, Mr. Ormsby Gore said it should, however, be borne in mind that the Colony at present is handling a considerable A clear picture of the terrific quantity of imports which would gone direct to slump experienced by shipping and normally have
Shanghai. It was scarcely possi- trade in general in Shanghai, as able to estimate the quantity, he result of the Sino-Japanese hos-added. tilities, is contained in the October report of the Chinese Maritime Customs.
י
Imports from abroad for the month slumped to the low figure of $8,610,000, compared with $42.682,- 000 for the same month in 1996, í decrease of more than $34,000,000
The same unhappy tale is told on the export side.
CHINESE REFUGEES
Statistics were not available of the number of Chinese refugees in the Colony, though the number was “considerable.”
British refugees from Shanghai numbered approximately 3,500 women and 300 men, of whom the majority had made private arrange- ments in Hong Kong.
EXPORTS DWINDLE
Up to 750 of these refugees had Exports for October totalled
been maintained in Government! with $31,-centres but $14,213,000 compared
the present number 280,000 for the same period last was only about 400. year, decline
$17,000,000.
than of more
*
COLONY'S FINANCES
Govern-
Most exports leaving Shanghai In all circumstances, continued in October comprised - cargo al-Mr. Ormsby-Gore, the financial si-
the Colonial ready in godowns in Shanghai tuation of prior to the outbreak of troublement appeared satisfactory: but little cargo for export has en- tered the city since that time, an there is practically none left ready for shipment Beuter.
NORTH ATLANTIC AIR SERVICE
P)
Foreign Exchange, and General Banking: business transacted..
Current Acccomte opened and Fixed. Deposits received for ama year, or shoëter: periods at rates. Thich
will be quoted on: application The Bank's and Offos in:- London undertakes Executor and
bosizes, and. ́elnima recovery of British Income Tax overpaid, terms, which may be ascertained at any of its Arencias and Brandber
DR. W. ROBERTS”“”“
Mazayer. Hong Kong, 1st January, 1935-
THE BANK OF EAST ASIA, LTD.
Authorised Capital... $10,000,000.00)
5,598,600,00 Paid-up Capital Reserve and Undivided
Profits
2,776,725.76
HEAD OFFICE: HONG KONG. 10, De Tour Boad, Central.
BOARD OF DIRECTORS:—
HEAD OFFICE:- HONG KONG.
BOARD OF DIREC
G. Miskin, Esq.,
Hon. Mr. M. 1. John.
Deputy Chairman.
II. Bousfalli. Eaq.... A. E. Campion, Bag,
8. H. Dodwall, Esq.,.
Hon. Mr TE
Sir Vandeleur M. Graybum, Chiat Massaget..
AMOY
BANGKOK RATAYTA
BOMBAY
CATCOTLA CANTON
·COLOMBO
FOXG
FARBIK HONGLEW ILOILO IPOK
JOHORE
KOSE KOWLOON
BRANCHES g-----
KMALA LUMPUR:
LONDON LYONS MATACGA
MUAR (Johora)
MUKDEN NEW YORK
FRNANG BANGOOM SAIGON
SAN FRANCISCO
SINGAPORK SOURABAYA SUNGRI PATANI
"TOKYO
TSINGTAO YOKOHAYA
Current Accounts opened, in Local Currency and Fised: Deposita: "emonivad for one "yuszcz- uborkar periods in Local Osmanny and Biking on larms whichi wil be quoted on application.. - ALSO up to dale-SAFH, DEPOSIT BOIER. Various siz TO LET
Hong Kong, Tas Maret, 1987.
HONG KONG SAVINGS BANK
The Buzinom: of the, above. Bank is conducted Hon Sir Shon-son Chow, Chairman; Et K002 Chan, Eaq P. X. Krok, Esq. Wong Jun by the HONG KONG AND SHANGHAI BANK Tong, Bag Chan Ching Bhaiya. Li LING CORPORATION Bules may be Sang, Bag Wong Chu Son, Esq., Ban Ting Port on application.
FOR" WIL HONG KONG, AND SHANGRAI RANKING CORPORATION. »
Esq. and Furg Ring Wab, Zag.
Kan. Tung Po, Bag, Chief Manager. Li The Fong, Seq., Manage...
BRANCHES AND AGENCIES:--
Seattle Semarang.
Shanghai Singapore
Swatow
Kobe
Kowloon London
San Francisco.
Sydney Taškolu. Tientsin. Tokyo
Vancouver
Every description of Banking and Exchange business-transacted. Loans granted on approved
securities.
TA TUNG II
After quoting the Budget es: timates and results for 1936 and the fact that the original estim-
Current Accomata opened in Lonal Cursday, ated deficit of $3,500,000 in the
and Fixed Deposite Teosïvad: for one JERE OF revised estimate for 1937 had
shorter periods in Lonal and Farsign Currencies. been reduced to under $1,000,- terms which will be quoted an applic
Safe Deposit Boxes To Let 000, Mr. Ormsby Gore said he was now informed that revenue to November 15 exceeded the es- timate for the full year, and was $3,000,000 more than that col- "lected to the same date in 1936. In view of the successful series
It was estimated that Govern- of experimental flights this Summer ment would have at December 31 and Autumn în connection with the surplus assets of approximately proposed North Atlantic airmail ser- $12,000,000, mainly composed of li- vice, it is proposed to continue fur-quid assets.
London, To-day.
ther experimental work as soon as possible and as new aircraft available.
are
NO SIGNS OF ECONOMIC DEPRESSION
It is anticipated that two land "There are at present no signs of planes of the Albatross type will economic depression in the com- be ready by the Spring or early summunity of Hong Kong generally.
"Though the general cost of liv- mer, and three new large Empire flying boats will also be available ing has risen, as could be expect by the summer for a further series ed in the circumstances, it appears that in spite of the difficulties of of experimental flights.
It is hoped that the Mercury, up its position, Hong Kong is succeed- per component of the Mayo coming in maintaining its commercial
life. Reuter. posite aircraft, will be able to go to Botwood as soon as the aerodrome is sufficiently clear of ice to accom modate aircraft-British Wireless.
LOCAL DOLLAR
INDUSTRIAL ACTIVITY
THE WING ON BANK, LTD.
Head Office: Hong Kong. 26, Des Voeux Road, Central. Authorised Capital $10,000,000 LONDON BANKERS:—.
V. M. GRAYBURN,
Hong Kong,- 1st Mark: 1967.
THE YOKOHAMA SPECIE BANK
LIMITED
“Established 1880.
Capital (fully paid-up) Yen 100,000,000 Reserve Fund,
-Yen184,400
Head Office: YOKOHAMA
Branches and Agencies at
Alexandria Bangkok Batavia Berlin
Bombay
Calentta Canton
Moji Nagasaki
Nagoya New York Osaka
Paris
Dairen (Dainy)
Peiging
Fengtien (Mukden). Eangoon
Rio de Janeiro
San Francisco
Sexttle Semar Shangh
Hamburg Hankow
Harbin Hong Kong
» Westminster Bank, Ltd. Foreign Exchange and every des-Honolulu cription of banking business transacted Hrinking Curent Accounts and Savings Ac- Karachi counts opened. Fixed Deposits re- Kobe ceived at rates which will be quoted on London Mazila application.
Trusteeship & Executorship under-Los Angeles taken. Safe Deposit Boxes for hire.
PHILIP GOCKCHIN,
Chief Manager
POPPY DAY FUND
Previously acknowledged 1st Ba The Seaforth High
landers
Tiem Tokyo
Yingkow
Interest allowed" for "Current |counts:
Deposits received for fired At rates to be obtained on
Hong Kong, 11th Septe
THER
SHANGHAI COMMERCIAL &
SAVINGS BANK
(incorporated in
$13.571.92
220.00
HMS. Medway" and 4th
Sub-Marine Flotilla Prison Officers Sports Club, Stanley, Auction & Dance Kowloon Street Sale
Foreign Money Exchanged
212.00
Capital paid up
00,000.
80.00
Beserves
Capital Saving
70.26
Reserve Saying
Derit?
industrial production in the Septem-R.A.0.B. (CLE)
20.00
HMS. "Dican"
17.10
London, To-day.
The demand rate of the Hong
dollar this morning Kong 1/2-27/32
"Spot" silver was quoted at 19-ber quarter is 3.1 per cent. less than
and "forward at 192
The Board of Trade index of was
in the previous quarter. but 7.1 per St. Stephen's College (Sale The London on New York cross-cent. greater than in the same quar- of Poppies) rate was quoted at US$5.0030 ter of 1936. Recession in activity F. ECA. N. and the New York on London rate last quarter was, it is stated, essen-
at £ US$4.99%
ially seasonal
British Wireless.
-9.28
4.00
$14,313.97
Head-Office Shar
A Bank having-áz
the industrial develop China and the fostering cazamercial relations abroad
*Hung-Kong: Office-
Queen's Road, Central
Phone 31116,
on