12
DAILY SHARE QUOTATIONS
Hong Kong Stock
- Exchange
Sharebrokers'
Association
HARBIN
PRIPING
TOKOHAMA
(Peking) BAMBOANDA
PETANG
Buy Belāuza
Nemiya
TUESDAY. MAY.
Buyer
Balso Momina
11.
Banks
$1.660]
$1,60
H.K. Banks now
Ba. (London)....
$1,80
Chartered Banks ....
215
£33
Mercantile Bks. "A"
£15
Do.
"C"
-£33)
10th May"
Closing Rate
B. S.
9,46
Bank of East Asia....] N. O. & S. Barka.....
Insurances
List
103
Autamoks
1,00
1.05 1.10
191
Atoka
맞
25
31
$347
Canton Insuranost..
$326
1640
Uniou Insaranoos .......
Baguio Gold
10
18
21
***
$625
Underwriters
...... $1.50
Benguet Consol
1.00
10.75 11.00
ཱ་ 1
19
144
$180
H.K. Fires..
$980
Benguet Explor
09 11
081 31
$4 International Assos, N.)
100
Big Wodge
19
19
21
Shipping
Coco Grove...
5.4.
54
59
ཚྭ } ཱ་༔ |
$38+
Dongtas nennen,
3381
39
Stenlis
19
Consol Mines
U23
Jz2
.024
335
Indos (pret.)"
$35
Demonstratio:13
87
87
- GN
$50
Do. (def.)
159).
100/7 Shetl
E. Mindanno
23
221
26
HONG KONG DAILY PRESS, THURSDAY, MAY 13, 1937.
H. K. STOCK EXCHANGE
AND
H. K. SHAREBROKERS' ASSOCIATION
Philippine Gold Mining Quotations
11th May, 1937
Time Receiveri
clos
9.48 9.20 10.01 10.22 10.39 10,80 11.03 2.40
BANKS
HONG KONG AND SHANGHAI THE CHARTERED BANK OF INDIA"
BANKING CORPORATION
AUSTRALIA AND CHINA
Authorised Capita! $50,000,000 Incorporated by Royal Charter, 1859 lasued & Fully Paid-Up* $20,000,000 Reserve Funds ; -- -
Sterling
prietors
Agencies and Branches-
SAIGON
HEAD OFFICE: LONDON.
.....€ 6,600,000
Hong Kong Currency
Paid-up Capital
Reserve
$10,000,000
Reserve Fund .......... Reserve Liability of Pro.
£3.000.000 £3.000.000
Reserve Liability of
23.000.000
elow.
Proprietors
$20,000,000
0.59
3.08 3,19
3.44
ALOE STAR. ILOILO AMRITSAR IPOK BANGKOK KARACHI
JEMARANG
JEREMBAN
BATAVIA BOMBAY PALCUTTA KUALA CANTON
KLANG КОРЕ
SHANGHAI
SINGAPOR
BITIAWAN
LUMPUR
BOURABAYA
CAWNPORE KUCHING
TAIPING
MADRAS
TIENTSIN
COLOMBO
MANILA
TONGKAR
DELHI
MEDAN
(Bhuket)
HAIPHONO NEW YORK
TSINGTAO
HAMBURO
HANKOW
S. E. Dodwell, Esq.,
Head Offee:-HONG KONG
Board of Directors.
G. Miskin, Esq..
Chairman.
Hon. Mr. M. T. Johnson,
Deputy Chairman.
J. K. Bousfield, Esq., A. H. Compton, Esq...
J. R. Masson, Esq.,
K. S. Morrison, Esq.,
Hon. Mr. J. J. Paterson, T. E. Pearce, Eaq.,"
$110 $21 65 sta
160 eta.
$9.45
21/3
Waterhouta
Alining
Kailans.......
Venezuvis told Fid..
Docks, Wharves,
Godowns, etc.
ILK. & K. Wharves.
Provuleute (old)........|| $2,25
Do.
1 0.71
G. Goldfields
493
Itogona
96
DG
!!!
21/-
$12.04
1. X. L.
73
12
07
72 74
A L Shield, Esq., Sir V. M. Grayburn,
Maabatus
26) 27
18
Min. Resources
24 £0
22 25
Northern Mining
08
09
3
Paracalo Gumus ...
40
40
11
119
San Mauricio
1.03
1.90 1.85
1,85 .1.00
་་་་
131
int
$102
(now) 55 cts. H.R. & W. Duck $30 Shangani Docke č.
160 ct.
Sayee Consol
301
36
United Paracales
07
03
a་ོ་ལ། །སྣུ©
813
22
1 1 1 1 1 1
23
Amoy
Branches:- Iloilo
Peiping
Bangkok
Ipoh
Penang
Batavia
Johora
Bombay
1.85 1.80
Calcutta
Canton
Chefoo
66
04
62
$10
Colombo
$31
Now EaguesringsS,
M
13
37.30
$35
-$15
$10
160 角
Lands. Hotels, and
Buldings
H.K. Hotels................. 87.20 H.K Land.......... Do. Debentures Shanghai Lauda...8. Metropolitan Laode,,
H.K. Realties.........
Chins Do.........
Do. Deboutares.
Humphreys occu
Chincas Estates......
Cotton Mil
$16.80 Ewo
Sun: Cottona(old)S.
Märket Comment."
S'dier
Q
Q
$
$
F
S Eier
A V.Q. E
E A E
$7.25/30
35:35
MORRIS MOTORS
LONDON
EXCHANGE RATES
Hankow (Johore) -Tokyo
Harbin Mukden
Tsingtao
Hongkow New York Yokohama
opened
in
May 5 109-31/32
12.271
May 8 109-59/31 21.58 12.271
93-25/32
93-13/15
1/21
Shanghai
New York
4.931
8.92;
4.933 8.99!
Amsterdam
Vienna
141-7/16
$5.30
$14.95
#A
312
י
'580
10.
(now
31
Zong Sings...
161
188
14
$26
#14.30
Wing Un Textiles(S.);
Pablic Utifflem
$14.90
Tramways.*
Peak Trane (oid).....) 14.
Do..
{now){ $12)
Star Ferries..............*$84]
Yaumati Forries...
Chins Lights (old)... $14.20
Do. (usw)...
Bandakan Light...
Telophones (old)
Do (new)
China Buses.......
HK. Electrica
Macao do.
$14
Tint
317
1:3
312.70
27/6
Tractions
27/-
Do. (prof.)
$17
32
$:0.15
15.40)
49 CLK
Industrials
$10 Caldbook, ord.
Macgregoraftprut..
Canton Ices
Cemoals
Kupes...
Miscellaneous
Dairy Farina
الالمحمدية
!: 6:
$5.90
39.30
$18.70 $12.
$$3
830
164.
$28
314
100 $814
#294
*!
+
28/6
82
715.80
16.2)
M
$15 86
23.85/20
$26
14.70
Ch. Etainmeuta......
341
11.00
Constructions, (old)
10,80
Lane Crawfords.......
Do. (new) 16 ota.
$2.70
Nanyang Tobacco... $7.
19
Sinceres བ- མ- ས ནས,4,80,
35.50
Watsons
$5
8. O. Enterprises
31
98%
Ch.0.4% 1926 G‚§) Bd..
prox. 812 prem. 21
Н.К. Govt, 4% Loans
31%
24
360
ELK Wing
Do.
Wallace Harper
B'bai Do
34.70 Vibro Piling 14.70
Maramuna inv:(Lon.)
26/
7/6
(H.K.)
40-ala
Wm. Powells
*Sales to Shanghai
Record Profits
Record profits were earned by Morris Motors, Limited, in 1936. In their report the directors des- cribe the result of the year as eminently satisfactory. Gross trad- ing profits, including lacome from subsidiaries, rose from £1,550,441 for 1935 to £2,371,858, and invest- ment income rose from £121.165 to £170,089.
The net profit, after mainten-
and ance, depreciation,
other charges, shows expansion "from £1,315,534 to £2,039,342. In ar- riving at this figure the unrealized profit on transactions between the companies comprised in the group has, been eliminated: After meet- ing the Preference dividends (£225,000) and income-tax (£338,- 036) it is proposed to pay a dividend of 45 per cent, less tax, against 15 per cent.., tax free, on the Or- dinary shares, requiring £894,375, to transfer £500,000, against
£800.000, to reserve fund (bring- ing it up to £3,250,000), and to place £50,000 to reserve to meet on the Merris future liabilities Associated Companies' staff peu- sion fund. The balance forward is then raised from £238,531 tn £272,482.
As in the past, the Government securities and corporation stocks have been valued at market prices 98% ruling at the "date of the balance- Sis sheet. This has resulted in a de- préciation of £36,541, which has been provided out of reserves for contingencies to which apprecia- tions arising from former revalua~ tions have been placed..
302
3100
BALANCE-SHEET POSITION The balance-sheet shows current Basets totalling £7,847,387, out of total assets of £11,579,883. Cür- rent abilities, including the Or-
IMPERIAL CHEMICAL | SALT UNION CAPITAL dinary dividend, are £1,851,108.
MEETING
Interests in subsidiaries, Includ-
Offer To Purchase By 1.C.I.ing amounts due from companies,
Salt Union Ltd. have received 'an
show expansion on the year from £888,441 to £1,491,873. The whole.
Ou
Paris
Geneva Berlin
Athens
Milan Copenhagen Stockholm
Prague
(British Wireless Service)
**Madrid
Lisbon
Hong Kong
Bombay
Montreal
4.921
29.223 4.32-7/16
Brussels
Yokohama
Belgrada... Monte Video Rio
Bacharest ****
Sliver (Forward)
Silver (Spot)
War Loan
3% 102
Closing Quotations
May 11, 1837.
7/
LONDON:- Telegraphic Transfer... 11/2 Bank Bills, on demand 27/32 Oredite. four months'
sight
ON SHANGHAI :-
On Demand
On Naw Yoax":-
·Bank Billa, on demand 30 Credits, 60 days' sight. 30%
ON BATATIA:-
Bank Bille, on demand 670 Credits, 4 month's sight 707.
On demand
Ox Pants
1/3 1/32
1021
"On Saigon ; —
On demand
$2
ON MANILA $--
On demand
60%
ON BANGKOK :---
******** 100
On demand
1497
SOVERSIGNS Bank Buying,
Telegraphic Transfer... 11
Bate BAR SILVES, per on
1/3
ON SINGAPORE:-
On demand On JAPAN:---
.On demand ON INDIA:-
Bank, on demand....................
PHILIPPINE MINING
NEWS
Because of the wide range and varfed nature of the company's activities Lord McGowan's lucid öffer from Imperial Chemical of the issued capital in Morris Reporting a production of P251,-
Cars (200,053 speech at the meeting of Imperial dustries, for the whole of their 18- Commercial
£1221.97 during March, Masbate off- Chemical Industries afforded a sued capital. For each £1 of Balt shares) and Morris Industries Ex-cials stated that 40,004 tons of are cross-sectional view
stock there is ports (100,000, £1 shares) were ac- of general Union Preference
were treated by the mill for an economic conditions buth in this offered 1 13s 4d Preference stock quired by the company at par in
average value of P6:27 per ton. country and abroad. He referred of Imperial Chemical Industries. October last, while the company This is an increase of P81 per ton at some length to the petrol plans For each £1 of. Ordinary stock also subscribed at par for the whole from that of February's average at Billingham, in the development there is offered in exchange Ei 10s of the issued capital (50.000 1 Production dropped off approxi- of which they had encountered, he Ordinary stock,
shares) in the 8. D. Carburetter mately P9,000 from that of the pre- said, more difficulties than bad The Preference and Ordinary | Company. To provide for these vious month while the mill treated
Ordinary stock of anticipated. While the results so stock of 1.0.1. to be issued in thu transactions
6,000 tons of ore less than that re- far obtained would hardly justify, way will carry a dividend from Morris Motors, Limited, was issued.
ported for February. description of the plant as a good Jan. 1, 1937.
The Ordinary stock now amounts
Mines A total of 40,604 tops commercial proposition, numerous Salt Union has an issued capi to £2,650,000, while the Preference were mined from "both" Colorado troubles had been overcome and tal of £1,400,000 in 800,000 Ordin capital remains at £3,000,000,
and Panique Mines; 34,679 tons ita working steadily improved ary and 600,009 Preference shares
A consolidated balance-sheet is
from Panique and 5,925 tons from throughout the year. Shareholders of £1 each. The latter class of lasted with the present accounts.
Colorado. This tonnage was de- were reminded also that the com- capital has regularly since 1923 It shows current assets amounting livered in 24-1/2 working days at an annual dividend of to £9,947,193, against current lia- the rate of 1,557 tons per day or pany has an Important stake in received agricultural prosperity owing to its 11 2-3 pc.. while for the past ve bilities of £2,552,889. In addition: 828-1/2 tons per 8-hour shift. position as a manufacturer
of years 9 p.c. has been paid on the to the reserve fund of £3,250.000 The reported ore of 2.18 per ton fertilizers. In this country, con- Ordinary.
the balance-sheet of Morris
is slightly higher than for the Motors there are capital reserves tinued Lord McGowan, total sales
previous month which was $1.88 per ton. Curtailed production from both mines continued during the month for reasons explained in former reports.
OIL
...
Chief Manager.
Rangoon Kobe Saigon Kowloon San Fraa- Kusta
cisco
Lumpur Shanghai London Singapore Dairen Lyons Sourabaya "Foochow Malacca Sungei
Haiphong Maqila Patani Tientsin Hamburg Muar
HONG KONG BANGUON
י וי
Ir
FORKION EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED Deposits received for One Year or shorter periods at rates which will be quoted on applica tion.
The Bank's Head Office in Lon don undertakes Executor & Trustee business, and claims recovery of British Income Tax overpaid, ou terma which may be ascertained at any of the Agencies and Branches.
R. W. ROBERTS,
Manager.
THE CHASE BANK
Current Accounts Local Currency and Fixed Deposits15, QUEEN'S ROAD CENTRAL received for one year or shorter
periods in Local Currency and Sterling on terms which will be quoted on application.
Also up to date Safe Deposit Boxes in various sizes To Let Hong Kong, 12th May, 1937.
BONG KONG SAVINGS BANK
HE Business of the above
HEAD OFFICE:
18, FINE STELET,
NEW YORK.
An American Bank offering com plate Foreign Banking Servies in the principal Markets of the world. Interest Hates on Application.
SAFE DEPOSIT BOXES
TBank is conducted by the This Bank is entirely owned by
HONG KONG & SHANGHAI BANKING CORPORATION, Rules inay be obtained on application,
For the Hosa KONG & SHANGHAI
BANKING CORPORATION.
i V. M. GRAYBURN;
Chief Manager.... Hong Kong, 1st March, 1937..
BANK OF EAST ASIA, LIMITED.
THE CHASE NATIONAL BANK, Naw YORK, with Resources over U.B. $2,027,000,000.00
D. M. BIGGAR,
Manager.
THE YOKOHAMA SPECIE BANK
LIMITED",
Capital (fully paid up)
Reserve Fund
Yen 100,000,000 D Yen 132,650,000.00
HEAD OFFICE:-YOKOHAMA
BRANCHES AND AGENCIES AT: Alexandria Honolulu Rangoon 5,598,800.00 Bangkok Hainking
Batavia Karachi 2,776,798,76 Berlin Kobe
Bombay London
Authorised "Capital $10,000,000.00 Paid-up Capital Reserve and Undivided
Profits
HEAD OFFICE:-HONG KONG No. 10, Des Voeux Road, Central.
Board of Directors:—
Sir Shouson Chow, Chairman
Li Koon Chun, Eaq. Li Lan -aug, Esq. P. K. Kwok, 1.49.
WongChaSon, Esq. Wong YunTong, sq. Kan Ying P, Esq. Chan Ching Shek. Fung Ping Wah,
Faq
Enq.
Kan Tong Fo, Eaq., Chief Manager. Li Toe Fong, Esq., Manager.
Amoy
Kawloon
Estaria
Lascion
Branches and Agencies 2—–
Fantay Bombays Bang000
Bacabay
Manila Balgos
DaleoLi
Cantua Halphong
Bwatow
Bydney
Melbourne a Fren-. Tilhoku Nagnoski
ele Mental New York Beactio Backow "Decks Semarang) VaDOOUTT Honoluta Paris
Shanghai Yokohama Kobe
Pelping Blagappre
Every description of Banking
Biodo
Janeiro Saa
Francisco
Manila Moji
Semarang Shanghai
Calcutta Los Angeles Seattle Canton
Dairon
(Daloy) Nagasaki Singapore Fengtien Nagoya Soersbsys
Hamburg Osaka
(Mukden) New York Sydney
Tientsin
Tokyo
Tuinstac
Yinkow
Hankow
Harbin Paris
Hong Kong Peiping
Interest allowed on Current "Ar pounts.
Deposite received for Fixed Periode at rates to be obtained on application.
Y. KANO,
Manager.
Hong Kong, 10th March, 1937,
FIFTY ARRESTS
IN NIGHT RAID
ON TWO CLUBS
Crap Games Played In Shanghai
is now being driven and raises and Exchange business transacted. must be driven from the drift be-Loans granted en approved |· ·. fore a definite stoping plan can be securities. laid out.
Current Accounts opened in Drifts are being driven on, the Local Currency and Fixed De Star and Bin velas for the purpose poate received for one year or and shorter periods in Local of pulling old all from the stapes Foreign Currencies on terms which above the 4-1/2 and 800 Levels.
Safe Deposit Boxes To Let
KAN TONG PO.
"Chief Manager.
WOMAN AS LEADER OF 47,000
·CIVIL SERVANTS
A surprise raid by a party of Settlement police, Japanese Con- sular police and American Consu lar officials on the quarters of the Colorado Development — Bome
Filipino Club and the Pinoy Club, work is being done above the 200
278 and 279 Range Road resulted Level between the No. 5 and ́Ño, ▸
In a large number of arrests on veins to find the extent of old
charges of playing crap for $10 workings not shown on the maps.
Umit stakes. The arrested persons It is possible a considerable
MI-During the month, 40,004 Included between fifty and sixty amount of unmined ore and all dry tons were milled which pro-Filipinos, Japanese, Americans, a will be found in these old workings, duced bullion valued at P251,221,97. | Turk, and a Chinese.
Drifts are being driven on the "The programme outlined for the 100, 100-A and 200 levels for the more efficient operation of the mining of foot-wall ore and the mill is being carried through as pulling of fills from the old stopes. | fast as the delivery of necessary Work has been started on the 330 equipment will permit.→ The" al- level to connect this level with the terations already made are reflect-
For the first time in the 25 years' main ore pass. When this has ed in increased recovery during the been done a foot-wall drift will be past two months.
history of the Civil Service Cleri- increase, but their oversea bus-industrial corporations should take
driven on No. 5 vein with dogħoles General-A survey has been cal Association--the greater pro- ness was deriving considerable
at 50-foot intervals to learn the made for the fencing of the com- portion of whose 47.000 members benefit from the marked rise in conditions to put their house ID
extent and value of the fool-wall pany property at Panique. This are men--a woman was elected the price of primary commodities, order. By their capital reorganiza-
Panique Development-Develop-ote and the fill left in the old information is in the hands of our president when the conference of which had augmented purchasing tion scheme the capital of the far in excess, of the availaḥplement at Panique has been con- stapes.
purchasing department..
the Association opened at Brigh- power in the Dominions and South company had been reduced by market and seemed likely to conned, in a large extent to the drift is being driven southeast A survey has also been made for ton. America.
25.340,000, and the whole of this tipue so Lord McGowan sees no work required for the economical on the 500 level to get under a tramway from the Wyoming or She is Miss Mary Jackson, of Western Hde of the mountain to Norwood, B.E. aged 39, and her LORD MCGOWAN ON FINANCÉ
amount, he explained, together reason to anticipate any set-back mining of the Doris and Wyoming; known unmined ore on the 400
level which from our samples is the mill, a distance of 3,800 feet. election was unopposed. Pointing out that the present with other appropriations would in Industrial activity during the sections of the Nancy No. 2 vein.
"The trainway is planned to work She is s native of Londonderry, time of prosperity could not be now be applied to writing down current year, but pronts, he thinks Development of the Breccia vein higher than the average grade.
The 100 crosscut should cut No, tn conjunction with the Diessel and is in the engineering depart permanent, Lord McGowan placed axed assets and Investments, - may not show the same tendency on the 4-172 level has been stopped strong emphasis on the need to cluding especially their nitrogen as hitherto owing to the upward until the extent of the ore below 5 vein within two months. The shovel operation and is th the pro-nient & the Post Omee Bhe pursue a conservative financial po- plants, since in the case of nitru- movement in wage and raw ma- the 4-1/2 levél is determined by a advance on this crosscut has been granime for Increasing the tonnage started in the Civil Service, as
drift on the 600 level. The drift | slow due to hard ground."
to 3,000 tons per day; licy It was essential, ne raid; that † gen world productive capacity was teriat costs. vonumen
of fertilizer showed only a modést
every advantage of existing good
on the balance-sheets of the sub-
31, 1935, totalling £1,872,998. sidiaries accumulated prior to Dec.
typist
>