́THE CHINA MAIL, JUNE 1, 1988
NEW GERMAN "CIGAR" TRAIN
**Berlin, To-day.”
A new type of express railcar designed by the railway expert, Herr Kruckenberg, was demon- strated at Hanover yesterday.
The new cigar-shaped train is about 80 yards long, and runs on four swivel axles.
It will seat 100 passengers in comfortable arm-chairs,Trans- Ocean.
C.N.A.C. REDUCTION OF RATES
Popular rates for all their ser- vices are announced by the China National Aviation Corporation to take effect from to-day.
The rates are as follows:-
New Rate Old Rate
Hong Kong to
Chungking Hong Kong to
Kweilin Hong Kong to
Wuchow
$230.00 $280.00
140.00 170.00
90.00 100.00
DRASTIC CUT IN RUBBER QUOTA
London, To-day.
News of the drastic cut in the rubber quota for the third quar- ter to 45 per cent, failed to pro- duce the hoped-for sharp rally in the price of the commodity in London yesterday.
dis- Attempting to explain the appointing behaviour of the mar- ket, rubber dealers point to the existence of heavy stocks which will now probably be unloaded.
Once the bulk of these stocks are
considered
BANKS
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA
Incorporated by Royal Chartor, 1958, HEAD OFFICE: LONDON 38, Bishopsgate, E. C. 2. Paid-up Capital Reserve Fund. Reservé Liability of Proprie-
tors
Page
HONG KONG AND SHANGHAI BANKING CORPORATION
Authorised Capital
$50,000,000
Issued and Fully Paid-up.. 20,000,000 Reserve Funds:----
Sterling
0,500,000
.£3,000,000 **£3,000,000
.£3,000,000
Hong Kong Currency Re
serve
.$10,000,00
Reservé Liability of Pro-
$20,000,001
Manchester Branch, 71, Mosley Street, Manchester. Agencies and Branches:
Alor Star Amritsar
Bangkok Batarla
prietors
HEAD OFFICE HONG KONG,
BOARD OF DIRECTORS:
T. E. Pearce, Esq.,
Clairiosha
Hon. Mr. J. J. Paterson,
#Deputy :Chairman,
. J. R. Masson, Esq.,
A. H. Compton, Esq.. G. Miskin, Epg.
Itollo Ipoh
Rangoon
Saigon
Karaohi
Samarang
Klang
Beremban
Bott Canton
Kabo
Shanghai
Kuala Lumpu
Singapore
J. K. Bousfold, Esq.,
Kuching
Bitiawan
Cawnpore
Madras
Cobu
Manila
Colombo
Modan
Delhi
Now York
Tongkah
Feiping
(Bhuket)
(Poking)
Taingtao
Ponang
Yokohama
Zamboanga
Hankow Harbin Hong Kong
Foreign Exchange and General Banking business transacted.
cleared off, the beneficial effect of the quota reduction is likely to be felt, as the 15 per cent. cut, following the 10 per cent. re-received for one year or shorter periods at rates Current Accounts, opened and Fixed Deposita duction, means about 14,000 tons which will be quoted on application.
The Bank's Hoad Omos in London undertakes less a month of physical rubber Executor Bod Trustoo business, and claims TOGOVORY of British Income Tax overpaid, on during the third quarter than dur-
torms whlah may be ascertained at any of Ita ing the first.
Agencies and Branches.
D. J. GILMORE,
Acting Manager. Hong Kong, 1st January, 1985.
Lasting improvement continues? however, to depend on the trend of American industrial activity, the
All fares from Hong Kong are near-term outlook for which is still THE BANK OF EAST ASIA, LTD.
payable in Hong Kong currency but fares from other stations to Hong Kong are payable in China National
currency.
It is also announced that a new line from Chungking to Kiating is being inaugurated. Round trips will be made every Tuesday and Satur- day. Kiating is situated at the base of the Omei Mountains, famous summer resort.
i
MALAY TIN REFERENDUM
the
London, To-day.
A referendum of tin producers on the Malay States proposal for a tin buffer stock, has resulted in a vote of approximately 2 to 1 in favour of the proposal, states the Colonial Office.
·
The Colonial Office has decided to accept the proposal in principle in respect to Malaya and Nigeria subject to negotiation of a satis- factorily detailed scheme.
The European vote was 57 per cent. for and 43 against, and the Chinese wote 76 per cent. for and 24 against. Reuter.
LOCAL SHARE
Following is the list of changes and enquiries in local share quotations this morning:-
BANKS
Hong Kong Bank (Lon. Reg.) £89 b.
MINING
Venz: Goldfield $8 b.
Antamoks Ps. .43 so.
Benguet Consol. Ps. 9.20 ́sa.
Coco Grove Ps. 47 sa.
Consolidated ́Mines ·Ps. .003 sa,
Demonstrations Pe. .25% sa.
I. X. L. Ps. .02 sa.
San Mauricio Pa. 45 sa.
Suyoc Consol. Ps. .15% sa.
LANDS, HOTELS & BLDGS.
H. K. Lands 4% Debentures 101 b.
PUBLIC UTILITIES
H. K. Tramways $17 s.
Peak Trams (Old) '$7, b.
Macao Electrics $17% b.
**MISCELLANEOUS
Constructions 81% b.
Marsmans Inv. (H.K.) s/- 3/10 b.
INCOME DOWN: EXPENDITURE UP
London, To-day. Treasury returns show total or dinary revenue at £91,687,686 as against £98,276,168 a year ago. Total expenditure less selfbalanc- ing items, is $184,794,678 against
· £119,689,847.—British Wireless.
not promising.-Reuter.
THE MERCANTILE BANK OF INDIA, LTD.
HEAD OFFICE:
Authorised Capital Paid-up Capital Reserve and Undivided
Profita
$10,000,000.00 .$ 6,598,600.00
$ 2,776,726.76
HEAD OFFICE:-HONG KONG, 10, Dos Voux Boad, Central,
Hon. Mr. 8. H. Dodwell, K. S. Morrison, Esq., M. T. Jobanon, Esq., Hon. Mr. A. L. Shields,
D. C. Edmondston, Esq., Acting Ohlal Manager.
AMOT
BANGKOK
BATAVIA BOMBAY CALOUTTA CANTON CHEFOO COLOMBO
DAIREN
HAMBURG
HANKOW HARDIN HONGKEW ILOILO ІРОК JOHORE
KOBE
KOWLOON
BRANCHES :---
KUALA LUMPUR
LONDON LYONS
MALACOA MANILA MUAR (Johoro) MURDEN
NEW YORK. PEIPING PENANG RANGOON SAIGON SAN FRANCISCO SHANGHAI
SUNGEI PATANI SWATOW TIENTSIN
TOKYO TSINGTAO
YOKOHAMA
Current Accounts opened in Local Currency and Fixed Deposits received for Jear or shorter periods in Local and other ourronoloa on terms which will be quoted on application.
ALSO up to date BAFE DEPOSIT BOXES in various alzos TO LET.
Hong Kong, 20th February, 1986,
HONG KONG SAVINGS BANK
The Business of the above Bank is conducted by the HONG KONG AND SHANGHAI „„BANK- INO CORPORATION. Bules may be obtained FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION,
15, Gracechurch Stroot, London, E.0.8.
BOARD OF DIRECTORS:- Authorised Capital
Hoa. Bir Shou-son Chow, :Chairman;_LKOOD .23,000,000 Subscribed Capital
on application. Chun, Esq., P. K. Kwok keq. Wong Yun 1,800,000 Tong, Esq., Chan Ching Bhak, Esq., Li Lan Paid-up Capital
1,050,000 Bang, Esq., Wong Chu Bon, Esq., Kan Ying Po,
sq. and Fung Ping Wab," Esq.
Reserve Fund & Rest...... 1,247,830
BANKERS:
The Bank of England & Midland Bank, Ltd.
Kan Tung Po, Esq., Chief Manager. Ll The Fong, Esq., Managor.
BRANCHES AND AGENCIES:---
Manila Melbourne
DRANCHES:
Bangkok
Ipoh
Madras
Amoy
Bombay
Karnton
New York
Batavia
Scattle Samarang
Caloutta
Kandy
Penung
Bombay
Nagasaki
Shanghai
Colombo
Karachi
Rangoon
Caloutta
'Now York
Kota Bharu
Shanghai
Kusin Lipla
gimin
Kuala Lumpur
Singapore
Kuala Trengganu · ·
Canton Haiphong Hankow Honolulu Kobe Kowloon London
Osaka
Singapore Sourabaya
Swałow
Delhi Galle
Hong Kong Howrah
HONG KONG BRANCH,
Every doscription of Banking and Exchange business transacted. Travellers' Choquen issued.
TRUSTEE AND EXECUTORSHIP UNDERTAKEN. CURRENT ACCOUNTS- oponed--is--Local- Currency and FIXED DEPOSITS received in Local Currency, STERLING & U.8, DOLLARS terms thas may be ascertained OD application.
D. BENSON,
Manager.
*Paris
Sydney Taikoku Tientsin
Peiping Ponarg
Rangoon Baigon
Takyo
Han Francisco
Vancouver
Yokohama
D. C. EDMONDSTON,
Acting. Chief Manager. Hong Kong, 1st March, 1997.
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 transacted. Current Accounts and Savings Accounts opened. Fixed Deposits 're- ceived at rates which will be quoted oron_application.
of Banking and Exchange Evory description business, transacted. Loans granted on approved Recurities.
Current Accounts opened in Local Currnoy
одо
year
and Fixed Deposits received for shorter periods in Local and Foreign Currencies
Trusteeship & Executorship under. on torms which will be quoted on application. taken. Safe Deposit Boxes for hire.
Safo Depoolt Bare To Let.
XAN TUNG PO,
Chlef Manager.
PHILIP GOCKCHIN,
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 : “Talkoodock,” Hong Kong. Telephone No. 30211.
Call Flag: “Numeral One,” over “Pennant Anns.
BUTTERFIELD & SWIRE, Agents-