DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE Sailings
SAN FRANCISCO & LOS ANGELES
Via Kobe and Yokohama
S.S. PRESIDENT TAFT Sails Monday, Feb. 6th. 10.00 A.M.
SEATTLE AND VICTORIA Via Kobe & Yokohama
S.S. PRESIDENT JEFFERSON Sails Friday, Jan. 28th. 4.00 P.M.
NEW YORK & BOSTON
VIA MANILA, SINGAPORE, PENANG, COLOMBO, BOMBAY SUEZ CANAL, ALEXANDRIA, NAPLES, GENOA
MARSEILLES
S.S. PRESIDENT GARFIELD Sails Thursday, Jan. 27th. 8.00 A.M. DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE
ANADIAN PENGUAT
BALWAY
12, Pedder Street.
8 DAYS
10 DAYS
5 DAYS
GoEMPRESS to America, Europe
Yoko
conver
Victoria Arrive
Hong Xmpress Kong
Shang- Naga-
hai
Leave
Arrive
saki Kobe
Leave Leave
bama Honolulu
Leave: Leave
Jan. 26 Jan. 28 Jan. 30
Japan Feb. 8 Feb. 10
Feb. 23-Feb. 25 Feb. 27
Feb. 1
Feb. 13 Mar
Feb. 3
Feb. 12 Feb. 15 Feb. 21 Feb. 26
diar.
May
RESUMPTION OF CALL AT SHANGHAI
Commencing with the Empress of Russia from Hong Kong January #4, 1938, Canadian Pacific “EMPRESSES” Will call at Shanghai on
eastbound voyage.
The Empress of Asia from Vancouver will call at Shanghai on January 24th, en route to Hong Kong.
SAILING TO MANILA
Empress of Canada on February 11th.
Canadian Pacific
· THE CHINA' MAIL, JANUARY 24, 1938.
S'HAI ORDER
MR. KAYA TAKES JAPANESE OPTIMISTIC VIEW OF FINANCE RESENTED
Tokyo, To-day.
Shanghai, To-day.
Surveying Japan's financial situa- Although the Japanese claim that tion in the opening session of military operations have led to Parliament on Saturday, the Minis-complete pacification of the Poo- ter of Finance, Mr. Kaya, asserted tung area, reports are still coming that Japanese economy and finance in from reliable sources of effective have in no way been affected by harassing of Japanese communica- the hostilities in China so far and tions by large bands of Chinese are not likely to be endangered by guerillas. the conflict in the future.
Mr. Kaya declared that the Japanese Government is determined to maintain the present rate of ex- change, to meet Japan's inter- pational obligations and to take all measures. which are necessary for the promotion of export. The Japanese Government would, how- ever, adopt its financial policy to meet the requirements of a conflict of long duration. It would, there fore, be necessary to finance mili- tary requirements by economic measures,
#
Furthermore, widespread resent- prohibition of all movements ment has been aroused by Japanese of cargo from areas north of Soochow Creek, Hongkew, Wayside, Yangtse- poo and Chapei..
No goods of any description are allowed to be taken out of this area at present, regardless of previously issued passer..
con
ALLEGED SMUGGLING The Japanese contend the order is necessary because of the action of foreigners in engaging Current expenditures provided by |traband trade in this area. the ordinary budget had been The order extends to a ban on reduced by 76,000,000 yen while re- the removal of any goods with venues of the ordinary budget had the proscribed area. Coal is one been curtailed by 40,000.000 yen. of the items held up. The cost of carrying on the hosti- The British-owned lities would be met from the ex-Mansions, traordinary budget which would be submitted to Parliament at a later date. Trans-Ocean.
LOCAL SHARE MARKET
Following is the list of changes and anquiries in local share quotations this morning-
.
BANKS
Hong Kong Kong $1455 b. Bank of East Asia $82 b. INSURANCES -
Union Ins. $502 b., $507 62 China Underwriters $1.40
SHIPPING
Douglases $57 b..
H. K. Steamboats $10% b. DOCKS, WHARVES, GODOWNS,
ETC.
H. K. and K. Wharves $1151⁄2 b. H. K. and W. Docks $28 b. Providents (Old) $2.15 b.
Providents (New) $25 cts. b., 30 cts.
LANDS, HOTELS & BLDGS.
H. K. and S. Hotels $5.35 b., $5.45
8. $5.85/40 sa.
H. K. Landa 31% b.
Humphreys 88% b., $8.85 8.
H. K. Realties $4.30 b., $4.30 sa...
–-–- PUBLIC UTILITIES
· H. K. Tramways $14.30 b., $14/40
Peak Trams (Old) $6% b. Peak Trams (New) $3% B. Star Ferries $86 b., $86 sa. Yaumati Ferries $24.b.
Broadway
the huge apartment building across Garden Bridge, may have to close owing to lack of coal, (although the proprietors have large stocks lying idle in Yangtsepoo and Pootung,
There has been a large influx of Japanese troops into Hongkew ant Yangtsepoo of late,
They are believed to be destined - for the Nanking-Wuhu region for.. combatting Chinese guerilla banda in those parts.
It is believed that the order pro- hibiting movements of goods may be connected with this movement of troops.-Trans-Ocean.
ESTATE OF MR. S. D. SASSOON
Local estate, sworn under $59,- 000, was left by the late Mr. Solomon David Sassoon, who died at Bombay on March 18, 1894, in- testate.
An application by Mr. R. A. Wadeson, lawful attorney, for the Letters of Adminstration de bonis non to the estate of the deceas
China Lights (Old) $10% 5., $10% [has been granted.
sa.
China Lights (New) $7.35 b.
H. K. Electrics $53% b.
Telephones (Old) $25.80 b,, $25.70/-
85** sa.
Telephones (New) $8.35 b.
INDUSTRIALS BA Canton Ices $1.70 s.. Gements $13.80 b., $13.40 sa. H. K. Ropes $4% b.
STORES, 860. Dairy Farms $24.90 b., $25 sa. Watsons $5.30 $5.45 B., $5,30 sa.
COTTON MILLS
Ewo Cottons Sh.$10 b.
MISCELLANEOUS
Entertainments-35% b.
Constructions $13⁄41⁄2 b. Marsmans "Inv. (H.K.) s/- 3/6 b.
LOCAL DOLLAR
The demand rate on the Hong Kong dollar this morning was 1/2%.
"Spot" silver was quoted in don on Saturday at 20 and forward. at 19-19/16.
The London on New York was quoted at $—U.S.$4.9985 the New York on. £US $4.99%.
·London:
Singapore Raw Rubber
Messrs. H. B. Joseph and Co. have received the following quota- tions in Straits Currency for Raw Rubber:
Feb/March 24% b. Unchanged. April/June 24% b. Unchanged. July/Sept. 24% b. Unchanged. MarketDull.
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 der- iption of banking business transacted.
Current Accounts anI
"opened.
ved at rates which
#Ae-
quofad
Executorship *Deposit Boxes for PHHIP GOCKCHER