Providents (New). $0.65.
pour.
BANKS
HONG KONG AND SHANGHAI THE CHARTERED BANK OF INDIA
BANKING CORPORATION'
250,000,000)
AUSTRALIA AND CHINA Incorporated by Egyal Charter 1959
HEAD OFFICE: LONDON: 38, Bishopsgate ECR.
Paid-up Capital. $20,000,000 Reserve Fund
Authorised, Capital Twenty three mining properties Issued & Fully Paid-Up 20,000,000 reported a total pour of P,568, Reserve Funds:-
Sterling
...................................£ 6,500,000 A warning that Ceylon's future 263.95 for January, up approxi-
H.K. Currency Reserve $10,000,000 Reserve Liability of as a rubber producer is in danger mately P200,000 from December's
Proprietors was given by. M. Marcel Vanden
Coco Grove resumed production Abeele, Director-General of the Belgian Minstry of Colonies, who in January and reported P65,700 left Ceylon after a brief study while Twin Rivers, which had been shut down for one month due to of agriculture in the Island
a breakdown of its diesels, resum- "Rubber and tea are the life-ed production and reported P53. blood of your, country," he said in 339.82. an interview, "and you are making no provision for the future
Bis
Wedge. Demonstration, Itogon, Narth Mindanao and Twin "The beat thing for the future Rivers all set new high production
12
DAILY SHARE QUOTATIONS Hong Kong Stock
Exchange
HONG KONG DAILY PRESS, TUESDAY, FEBRUARY 15,
1938.
H. K. STOCK
Sharebrokers' Association
EXCHANGE
CEYLON RUBBER POSITION
Baby'
Seller
Kalvo
2
MONDAY. FEB, 14.
Bellers Мирать
Bugis
Backe
$1,4751
$1,485, CD ox.div. £36 21S
H.K. Baaks
YESTERDAY'S QUOTATIONS OFFICIAL
BUYERS
PHILIPPINE GOLD PRODUCTION
No Provision Made
For Future
633
£14"
******** $1,470 Bo. (London) ... Chartered Bank... Mercantile Bks "A"
Do.
£86
Hong Kong Bank. $1476.
213
Union Insurance, $502.
£29
China Underwriters, $1.40.
214.
Bank of East Asia...
Douglases, $00.
13%
$82
Union Waterboats, $9.30.
N. 0. & 8. Banks ...
19
Insurances
H.K. and K. Wharves, $117.
1260
Canton Insurancos..
$280
H.K. and W. Docks, $281.
$502 $1.40
1502
Union InsuraNOON ...
$500
Providents (Old), $2.60.
Underwriters.) 11.40
$840
H.K. Firos............ÙNTATTI
3340
H. and S. Hotels, $8.10.
Shipping
H.K. Lands, $33.
Douglasen keuzet
$91
301
Lado-Chinas (pref.)
143
90/71
PAR 11!
357
HK, Realties, $51.
$10
$61
148
HK. Tramways, $151, Peaks Trams (Old), $81.
19.30
97/01 $9.30
Yaumati Ferries, $24).
14/
171
$4
#71
China Lights (Old), $10.90. China Lights (New), $7.45. HK. Electrics, $56). Macao Electrics, $19.
Telephones (Old), $25.80. Cements, $13.90.
Watsons, $5.40.
Entertainments, $84.
3117
$2,00
135 0.
#201
!!!!
Constructions, $17.
#270
(now)
70 c.
$29 $100
ร
Peak Trams (New), $32. Wm. Powell, Ltd., $0.65.
SALES
$9.00
$100
161
上
H.K, Realties..
$82
186
Chiness Estates......
10
Hong Kong Bank, $1485 cum c.
$100
#1174
Steamboste izo
Do.
(def.)
Shells RT
Waterbosta
Mining
Kailanssch Rauba..........
Venezurin Gold Fida.
10 ct. Hongkong Mines
Docks, Wharvu,
Godowns...ets.
ti.K. & E. Wharves. Providents (old) ...
Do.
H.K. &W, Lock
Shangosi Docks 8.
15 New Engineerings B.
Lands, Hotels, and
Bulidings
H.K. Hotels.......
11. Labila... 133
Do. 4% Debentures;
Shanghai Lands....
Metropolitad Landis..
Houphreys *****
Cotton Mil
110) Ewou on $67
$10!
BOA
331
$831
$10.00
$7,45
贴
$145
23/6
$143
$1.70
S'ba: Cuttons.....S. Zoong Sings... Wing On Textlist S.)
Evo Cotton Rts. S.
Pubile Utilities
Tramway*
16.10
CD
$8.70
$16 10 15.30 OD
Peak Trams (old)... 18) Do. (new)... $3₤ Star Forrice
Yeumati Ferries ....
RE⌘# བྷྱོཿ;Ët
XD
H
$891
948
$8
China Lighta (old)... $10.50) 1 (DOW)... Do.
Do, Ris
HLK. Electrice $58
Macao do.
Furgo
Sandakan Lights....
Telephones (ald)
Do. (now)... Tractions i
Do.
(prof.)......
Industrial
Cald, Marg. (Ord.)8]
Do (Pref.S
Canton Ices
$13.85
$13.96
Cerments are
541
Ropen...
Dairy Farms
Mlicellaneous
Ch. K'tainment
1261
!:
i
1365 $13.65
14,60
$25 $25.30 $8.30 38,40 | 16,30 Constructions (old)} $14
Do.
Lane Crawford..... Nanyang Tobacco..
$1.70
371
5040
Sinceres Watsons
$1.76
$3,40
85%, C.G. 5219250. Bds. 60%
II.K, flavt. 47Laane
Do,
312
$1034
$100
༄། ཚཝཝཱ།
18/
S. C. Enterprises...
16
170 ct.
Wallace Harper
AX Wing Or .....] $374 S'hai Do --- $41
Vibro Piling Maranans Ir v. (Lon.)
Wa. Powell
(HK)
•Salon to Shanghai
EXCHANGE RATES
(British Wireless Service)
LONDON
Feb. 6
152-15/32
21.591
Feb. 9.
Parls
Geneva
Berlin
152-23732 21.501 12.414
Athens
Milan
951
*95-3/16
Copenhagen
Stockholm
Shanghai
New York
Amsterdam
Vienna
Prague Helsingfors
Lisbon
Hong Kong
Bombay
Montreal
Brussels
Yokohama
5.01-516
5.001
8.907
8.962
5.01-5/16
29.661
5,00-15/16 29.55
Belgrade
Monte Video
21
Bucharest
Pla
Silver (Spot)
Silver (Forward)
War Loan
Ou Looox:-
20-5/16
19-15/18 201
19-15/16
31% 103
Closing Quotations
ON NEW YORK:- Fobenar 14, 1938,
Telegraphic Transfer... }|/47 Baak Bills, on demandƒ
ON, SHANGHAL :~~~~
On demand
ON SINGAPORE
On demand
Bank Bills, on demand 311/10 Credits, 60 days sight 318/16 ON BATAVIA:-
On demand
ban 551
Bank Bills, on demand 935 Credits, 4 months' sight (1,000
of Ceylon is that you begin re-records during the month under planting your rubber now unless review. you wish to see yourselves far beReports from hind Java and Sumatra,
"When I consider what I have seen in these countries I can only conclude that Ceylon is not ahead. Far from it," he declared.
HK. Govt. 4 per cent. Loan, 1duction-level.
per cent pm.
Marsmans (HK) s/-, 4/3.
SELLERS
Union insurance, $502.
H.K. Steamboats; $10).** HK and K. Wharves, $117).
Providents (Old); $265, Antamoks, P.s. 81.
Atoks. .29.
Bagulo Gold, .24.
Benguet Consol, 10.
Coco Grove, .67. "Consolidated Mines, 011.
Demonstrations, 44. IX.L. 73.
Paracale Qumaus. 29. San Mauricio, 78. Suyoc Consol, 21.
United Paracales, .58.
H.K. Lands, $33: Macao Electrics, 319į. Cements, $13.00.
Dairy Farms, $25.10.
East Mindanao,
Mindano Mother Lode and Tambis are still lacking. When complete returns are in, it is expected that a new all-time monthly production record will be broken by Philippine gold mines.
Head Office:-HONG KONG
Board of Directors. G. Miskin, Esq.,
Hon. Mr. M. T. Johnson,
J. K. Bousfeld, Esq.,
Reserva tlability of Pro- prietors
£3.000.000 £3.000.80
23.000.000
MANCHESTER BRANCH: 71 Mosley Street, Manchester.
AGENCIES AND BRANCHES:
ILOILO
Chairman. Deputy Chairman, ALOR STAR
AMRITSAR BANGKOK
A. H. Compton, Esq.,
S. H: Dodwell, Esq.,
BATAVIA
J. R. Masson, Esq.,
BOMBAY
K. 8. Morrison, Esq.,
KLANG XOAN
+ IPOH
KARACHI
MIGON SEMARANG
SEREMBANG
SHANGHAI
SINGAPOR
KUALA
BITIAWAN
CAWNPORE CEBU COLOMBO
LUMPUR KUCHING
SQURABAYA
MADRAS
MANILA
CALCUTT CANTON
Hon. Mr. J. J. Paterson, T. E. Pearoa, Esq... A. L. Shields, Esq.. Sir Vandeleur M. Grayburn,
Chief Manager. {DELMI
Branches:-- Iloilo Ipoh. Johore
Peiping
Ponsag
Rangoon
Kobe
Saigon
Kowloon Kuala
Lumpur London
Вад
"Francisco Shanghai Singapore Sourabaya
Malacca
Sungei
Manila
Patani
Tientsin
Tokyo Tsingtao Yokohama
New York
Current Accounts opened
|HAIPHONG
HAMBURG »
BANKOW
HARBIN
MADAN
TAIPING
TIENTSIN
TONGKAH
(Bhuket)
NEW YORK TSINGTAO PELPING
TOKOHAMA
(Peking) ZAMBOANGA PENANG
HONG KONG RANGOON
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT Accours opened and FIXED DEPOSITS received for One Year or shorter periods at rates which will be quoted on „pplica- tion.
The Bank's Head Office in London undertakes Executor and Trustee business, and claims re- covery of British Income Tax overpaid, on terms which may be in ascertained at any of the Agencies
R. W. ROBERTS,
Manager.
Amoy M. Vanden Abeele added that
Ambassador reported a produc- Bangkok he had seen old plantations in
tion of P19,000 for January from Batavia Ceylon where
pro- mahure was
1,240 tons of ore milled. Average Bombay rusely used to maintain the pro-recovery amounted to P15.32. ap- Calcutta
proximately the same us the pre- Canton Chefon "This is not a commercial pro-vious month. position," he said. "The Dutch Antamok's production was down Colombo
Dsiren Lyons East Indies realise it. Scientific P8,000 from the previous month
Foochow replanting will give nearly four when the mill treated 23,783 tons Haiphong times the present yield. Besides, of ore for an output of P430,104.59. Hamburg Muar manuring young plants is found Average recovery was P18.09 as Hankow (Johore)
Harbin Mukden to be more effective than manur- compared to P19.07 in December. Ing old ones!"
Treating 7,524 tons of ore for an Hongkew There was no doubt, he said, output of P134,101.32, Bagulo Gold that Ceylon
using the reported a P10.000 decrease from Local Currency and Fixed Deposits and Branches was not means at her disposal in the Ceve- the previous month. Average received for one year or shorter lopment of high-yielding strains covery amounted to P17.83 per ton.
periods in Local Currency and of rubber to the extent that other compared to P18.42 In December.
Sterling on terms which will be Balatoc increased production countries were doing.
P63.000 when the mili treated 37, quoted on application. 424 tons of ore for F1.088,030.92. Average recovery was P29.10, as "That certainly is unwise," said] compared to P7.54 in December M. Vanden Abeele. "In the next Benguet Consolidated produced decade, perhaps, production may P911,184.84 in January. up. F52,000 be twice that of the present, and, from the previous month. The if Ceylon continues in a fool's milf treated 31.485 tons of ore for paradise, she may And herself an average recovery of P28.06, as
compared to P27.37 in December. badly hit."
Exploration Benguet
reported During his stay in
Ceylon M
P19,989.36 from 2,868 tons of Vanden Abeele visited the
milled. Production was down P1. Agricultural Department at Para-000. Average recovery amounted deniya and the Tea and Rubber to F6.91. as compared to P7.29 In
UNWISE POLICY
THE EXCHANGE Research schemes.
MARKET
*
December.
ore
H
Also up to date Safe Deposit Boxes in various sizes To Let. Hong Kong. 19th May, 1937.
HONG KONG SAVINGS BANK
THE CHASE BANK
15, QUEEN'S ROAD CENTRAL,
HEAD OFFICE:
18, PINE STREET,
NEW YORK. American Bank offering com plete Foreign Banking Service in the principal Markets of the world. Interest Rates on Application:",
THE Business of the above Bank is conducted by the HONG KONG & SHANGHAP An BANKING CORPORATION, Rules] may be obtained on application.
For the HONG KONG & SHANGRA BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager.
Hong Kong, 1st March, 1937.
BANK OF EAST ASIA, LIMITED.
"I was greatly impressed by the Big Wedge stir leads all Island work of the Tea Research Institute," mines in average extraction figures. he said. "I daresay soil erosion is one ( The mill treated 4,190 tons of ore of your most important problem for an all-time record of P147,043.30. MESSRS. ROZA BROS. on the tea estates. The studies This is an increase of P5,000 over!
Te Authorised Capital....$10,000,000,00 made are useful for all types December's pour. Average
Paid-up Capital Silver prices dropped 1/16 over of agriculture.
covery amounted to P35.09, as com- Reserve and Undivided the week-end for both deliveries,
December. "I think the time will come whez pared to P34.88 in
Profils soil erosion will be one of the Directors of the company recently greatest problems in agriculture voted a 10 percent dividend, pay- throughout the world.
the quotations being 20 3/18 for Reddy and 19 13/16 for Forward |Blver advices reported the market as being steady. A small business
Credits, 4 months sight 1/3
ON PARIB
· 1042
ON SALOON:-
Chi demand
931
327**
ON MANILA-
ON JAPAN:-
On demand
62)
On demand
1001
ON BANGKOK-
On demand
1491
ON INDIARY
Telegraphic Transfer..
Bunk Buying Rate...
Bank, og demand
BAR SUVER, per oz
*1/31/16 20 3/10
Sovereign Notes
was done. India sold and bears covered. The New York market was closed yesterday.
The London-New York rate was quoted at 501.95.
MARKET
Quiet:
STERLING
·
"I have the best impression of the Research Scheme, too. Rubber Excellent work has been done with cross-clones and it is important that Ceylon should make use
of the
able this month.
Cal Horr produced P106,990,34 in January, up P16,000 from the pre- vious month The mill treated 5. 602 tons of ore for an average re- covery value of P19.10 per ton, as
6,598,800.00
2,776,726.76
Head Office-HONG KONG No. 10, Des Voeux Road, Central.
Board of Directors:—
Sir Showson Chow, Chairman Li Koon Chan, Esq. Li Lan Bang, Esq. P. K. Kwok, Esq. WongCbuson, Esq. Wong YunTong, Esq. Kan Ying Po, Esq.
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHASE NATIONAL BANK, NEW YORK, with Resources over U.8: 82,300,000,000.
.D. M. BIGGAR,
Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS ÄN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL...$40,000,000.00
research. Budgrafts. and not seed/compared with P14.03 in December. Chan Ching Shek, Fung Ping Wah, (BRANCHES ALL OVER CHINA)
..
lings should be used now.”
+
Esq.
Esa
Kan Tong Po, Esq., Chief Manager. Li Tse Fong, Esq., Manager.
Coco Grove resumed production in January and produced P65.700 Mr. Vanden. Abeele thought that from approximately 88,000 cuble There were sellers at 1/3 Feb- the Department of Agriculture yards dredged. Average recovery April and 1/2 31/32 May/June, was well run. He paid a tribute was about P.73 per cubic yard. buyers at 1/3 1/32 Cash-May and to the Director of Agriculture, A new all-time high monthly re- 1/3 June.
describing him as a man of great cord was established by Demon- qualities. "He is the right man instration in January when the mill Bembay the right place" he declared.
U.S. DOLLARS Sellers at 31.3/8 February and 31 5/16 March-April, probably May, buyers at 31 7/16 Cash-" March and 31 3/8 April-May.
SHANGHAI DOLLARS
SHANGHAI MARKET "There were sellers of Sterling at 1/2.13/64. buyers at 1/2 7/32 for cash. US. Dollars, sellers at 29 11/16, buyers at 29 23/32 for Spot. IN THE AFTERNOON
EXCELLENT WORK
were
Siktavia
Branches and Agencies :—
Kowloom Pena London Manila
Xeone
Saganaki
Rangoon
Salcom
San Fran
Bouristys Swalow
Tokyo
Hydney
Talluka
treated 9,169 tons of ore for an anten output of P169,947.71, up P8,000 phon from the previous month. Aver-Bonolulu age recovery ran P18.54; as com- pared to P1701 In December.
aleco
May
New York Bentle
adkow
Thaka Paris
Semarang
Shanghai
Hola
Pelping ginripor
Yancouver Yokohama
t
Owing to our numerous Branches in China and connections in the principal Commercial Centres "of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange.
Head Office: SHANGHAI
Hongkong Branch:
What struck Mr. Vanden Abeele
4, QUEEN'S ROAD, C. Every description c Banking Sellers at 105 11/16. buyers at about Ceylon's system was the
Ipo Gold's pour in January was and Exchange business transacted.
South Chine Offices:
105 13/16 for Spot.
system of agricultural schools. He down P12,000 from the previous Loans granted On approved CANTON
KONGMOON thought that they
doing month when the mill treated 5,022 securities,
SWATOW
TOISHAN excellent work in educating the sons of ore for an output of P42,- Current Accounts.opened in Local
SHIUCHOW KINGCHOW villager.
816.32. Average recovery amounted Currency and Fixed Deposits re-
ceived for
or shorter one year Although he had not seen any to P1.62, as compared to P9.16 for periods in Local and Foreign Cur and other Public Funds of the We also handle the issue of Bondi raddy plantations he had made December. inquiries about conditions here. Itogon broke all previous pro-rencies on terms which will be
Chinese Government both at Home quoted on application. "Ceylon should strive to produce duction records, when the mill
Safe Deposit Boxes To Let. and Abroad. her own rice," he said, "and not treated 30, 343 tons of ore for an
SHOU J. CHEN KAN TONG PO, The market closed with sellers import such large quantities. I output of P340,220.08. Average re-
Chief Manager. at 1/3 Feb.-April and 1/2 31/32 think the scientific.selection of covery amounted to P11.22, AS May-June, buyers at 1/3 1/32 seed to suit the various districts compared to P9.78 in December.
SHAREBROKERS Cash-May and 1/3 June.
Reporting production at P224.
ASSOCIATION 859.48. IXL's mill treated .9.944
BUYERS
Dull.
STERLING
· U.S. DOLLARS
ls necessary." -
·
In this connection. He thought
The market closed with sellers the enthusiasm of the Minister tons of ore for an average recovery
at 31 3/8 Feb.-March and 31 5/16 April-May, buyers at 31 7/10 Cash-March and 31 3/8 April-May.
El
INCREASE IN CUSTOMS REVENUE
ber
the
of P2.61. This compares with P20,79 in December. Production was up P18,000 in January.
A.K.
Agriculture stimulating.
M. Vanden Abeele contradicted a report in a morning paper that
Masbate produced P288,329,88 in he had suggested that the Bel-January, up P17,000 from the pre- glan Congo would be a rub-vious month The mill treated 61,
ríval.
matter 823 tons of ore for an average the whole of Africa could be used value of P4.34 as compared to P4,73 |for planting rubberi” he declared in December.
North Mindanao established an Apart," mid M. "Other things Vanden Abeele, "your tourist in-all-time high. record in January dustry "neods developing. While when P19.110 was produced from Shanghai, Feb. 13. nearly every other country is ad- their placer property. Output was from the previous The Chinese Maritime Customs, vertising her scenic beauty, Ceylon, up P6,000 registered an increase of 5.83 per a beautiful place, is losing money month-
P18, Royal Paracle reported cent. In revenue last year com-daily.*
H.K. Docks, $28.85. Hotels. $8.10 Lands, $33. Trams, $151.
China Lights (Old), $108. Electrics, $561... Cements $13.90.
SELLFES Providents (Old), $2.65. Providente (New), 70 cts, Trams, $161.
-Ching Lights (Old), $10.90.
SALES HK. Docks, 128.85-29, Electrics, $561.
WALLE
Manager.
THE YOKOHAMA SPÉCIE BANK
LIMITED
Capital (fully paid up)
Yen 100,000,000.00 Reserve Fund.....Yan 134,400,000.00
Head Office:-YOKOHAMA
BRANCHES AND AGENCIES AT: Alexandria Honolulu Rangoon Bangkok Hsinking Rio do Batavia Karachi Janeiro
Kabe
Ban Bombay London
Berlin
Francisco [Calcutta Los Angeles Seattle
Canton Manila Semarang Dairen Moji
Shanghai
(Dalny) Nagasaki Singapore
Fengtien
Nagoya Soerabaya (Mukden) New York Bydney, Hamburg Osaka Tientsin
Otaru Tokyo Harbin Paris Haukow Hong Kong Peking
Taingtao Yinkow
on Current
pared with 1936. The total re- "Your roads are magnificent and 68348 produced in January, down new all-time high record venue received last year amounted make travel care-free: your - 1,000 from, the previous month established in January when the to $342,000,000 compared with comodation is good: Ceylon has The mill treated 2,885 tons of ore mill produced P53,339.62.
United. Paracale produced P188, $324,000,000 in 1936, according to something to sell and yet retain, for an average recovery of P552, an announcement made by the but you have done little about it, as compared to P1.07, in December 953.14 in January, down P10,000 Finance Ministry of the National
San Maurielo's production, jump from the previous month The Government.
Interest allowed mill treated 8,123 tons of ore for an average recovery of P19.86, as Accounts
P55,000 in January when the mill treated 9,609 tons of ore for
Deposits received, for Fixed an output of P184.317.05. Average compared to P25.60 in December. recovery for the month, was F23.02. The above figures include produc Periods at rates to be obtained as compared, to 218.97 in Decem-tion from the Rocky Mountain on application.
fraction of the Northern Mines Twin Rivers resumed production property(Courtesy of L. B. Niel- after a month's shut-down. A ton & Co.)
"Compared even with "Ball" said The increase, despite the hostili Vanden Abeele, Ceylon in ties. is explained by the high the palm:
when amdunt received in the first seven-
day may come months of last year, which totalled Colombo will no longer be so im- $202,000,000, or more by 59 per portant as a nesport and you will cent. than in the same period the ten regret what you have not
1 done." preceding year-(International).
be
Hong Kong, 14th Feb.
KANO,
Manager.
1938,