อ
HONGKONG DAILY PRESS
BANKS
SHANGHAI BANKING
HONGKONG AND
THE CHARTERED
BANK OF INDIA, AUSTRALIA & CHINA
CORPORATION
Authorised Capital $60,000,000
Issued & Fully Paid-Up $40,000,000 Incorporated by Royal Charter, 1855 Reserva "Funds:
Sterling
.....£ 8,500,000 | HEAD OFFICE: LONDON:
H.K. Currency Reserve $10,000,000 Reserve Liability of
Proprietors
38, Bishopsgate E.C.2.
.$90,000,000| Paid-up Capital
•
Reserve Fund Reserve Liability of Pro- prietors....
£3,000,000 £3,000,000
£3,000,000
Head Office:-HONG KONG
Board of Directora.
T. E. Pearce, Esq., Chairman, Hon. Mr. J. J. Paterson,
Deputy Chairman.
J. E. Housßeld, Esq..
A. H. Compton, Esq..
Hon. Mr. 8. H. Dodwell,
W. H. Lock, Esq.,
G. Miskin, Esq.,
K. S. Morrison, Esq.,
Hon, Mr. A: L. Shields,
H. V. Wilkinson, EM,
MANCHESTER BRANCH: 11, Mosley Street, Manchester.
BATAVIA
BOMBAY CALCUTTA CANTON CAWNPONE
AGENCIES AND BRANCHES: ALON STAR HONG KONG PENANG ILOILD
BANGOOK AMBITBAR BANGKOK IPOB
BAIGON KARACHI KEREMBAN ELANG
SHANGHAI KOBS
SINGAPORE KUALA
SITIAWAN BOURABAYA TAIPING TIENTSIN TONOKAS
(Bhuket) TSINOTAO *YOKOHAMA
Sir Vandeleur M. Grayburn, j-
Chief Manager: CENU
CULOMAO
Branches:-
DELHI ***
Amoy
Ipoh Penang ›
Bangkok
Johore
Rangoon
Batavia
Kobe
Saigon
Bumbay
Kowloon Sán
HAIPHONG HAMBERG. HANKOW HARBIY
Calcutta
Kuala
Canton
Chefoo
London
Culombo
Dairen
Lyon
Malacca
Francisco Lumpur Shanghai
Singapore
Sourabaya. Sungei Fuochow Manila
Patani Haiphong Muar Swatow Hamburg (Johore) Tientsin Hankow Mukden Tokyo Harbin New York Tsingtao
Yokohama Hongkow Peiping Inila
Current Accounts opened Local Currency and Fixed Deposits received for one year or shorter periods in Local and other Cur- rencies on terms which will be quoted on application.
LUXPUR KUCHING
A MADRAS
MANILA MEDAN NEW YORK PEIPING
(Peking)
FOREIGN EXCHANGE and General Banking Business transacted.
CHINESE TEA INDUSTRY
Holds Its Own Despite War
JAPAN'S LOSSES
how the
Chungking, Dec. 21, That "China has for this year at any rate held her own. whilst Japan so far has slip- ped behind," is the finding made by "Mr. P.E. Witham, Technical Adviser to the, For eign Trade Commission and the China National Tea Corpora- tion. In a memorandum од "A Comparison of the China and Japan Tea Industries" in 1937 and 1938." Mr. Witham's report reads, in part, as follows: It is interesting to compare present Sino-Japanese hostilities have affected the industries of China and Japan. As is well known, during the last few years and during 1937 In par- ticular, Japan has made strenu- nus efforts to oust China in vari- ous tea markets throughout the world. In 1937 Japan and For- mosa teas totalled 6.000,000 more in London alone than 1936. The quality of this tea,, however, showed such a marked deterioration in 1937, that it was practically boycotted in the Lon- don Market.
tea
ibs
in
FALSE REPORT At the beginning of this year, the Japanese made 10 known
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for Dae Year or shorter periods, at rates which will be quoted on application. The Bank's Head Office in London undertakes Executor and that gwing to disorganisa- Trustee business; and claims re-ton covery of British. Income Tax no overpaid, on terms, which may be ascertained at any of the Agencies and Branches.
́R. A. CAMIDGE,
Manager.
Also up to date Safe Deposit THE CHASE BANK
Boxes in various sizes To Let.
Hong Kong, 7th October, 1938.
HONGKONG SAVINGS
BANK
The Business of the above Bank)
is conducted by the HONG KONG!
& SHANGHAI BANKING CORA PORATION:
Rules may be ob
tained on application.
ex-
In China, practically China tea could be pected in the various tea markets throughout the world. As soon as this information reached me I got in touch with certain leading tea merchants in London and with Sir Robert Graham, who la chair- the International Tea Committee. contradicting such
reports.
of
Briefly, in the period January 15, QUEEN'S ROAD CENTRAL September 1938. China shows
HEAD OFFICE:
18. TINE STREET,
NEW YORK
1
total export of 65.620.000 lbs. compared with 86,768,000 lbs. for The similar period in 1937: that ls, a decline of just over 1.000.000 lbs. Considering
war "conditions, besides the very serious draw- American Bank cffering com-back of transferring
whole
the
plete Foreign Banking Service tea market to Hongkong from in the principal, Marketa of its usual headquarters in Shang- hal. I consider that China has done extraordinary well.
the world.
For the Hong Kong & SHANGHAI Interest Rates on Application.
BANKING CORPORATION,
V. M. Grayburn,
Chief Manager. Hong Kong, 7th October, 1939.
BANK OF EAST ASIA. LIMITED
Authorised Capital. ..$10 000,000.00. Paid-up Capital......... 3,698,600.00 Reserve and Undivided
Profita
+
2,776,726,76
Head Office:-HONG KONG
No. 10. Des Voeux Road, Central.
#
Board of Dieretură:
Sir Shouson Chow, Chairma
Li Koop Chun, Esq. Li Lan Sang, Esq. P. K. Kwok, Esq. WongChuSon, Esq. Wong Yun Tong, Esq. Kon Ying Po, Esq. CharChingBhek, Esq. FangPingWsh Rs4.
Kan Tong Po, Esq., Chief Mager. Li The Fong, Esq.,- kaunger.
Amoy I'v
Pembay
Calamita
tastoo Haiphong Hankow
bonelalu Labe
#ranchas and Agencias :—
Kowloon
Pessac
Loadin Manlin Baigon Melbourne Badį Švan»
Bourabaya Hangsen Bwatow
Byne
daco Tientsin
TaxJo
New York Bottle
Paro
Bemarang Vancouver Shanghal, Yokohama Pelping Bingspora
Every description of Banking
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHARE NATIONAL BANE, NEW YORK, with Resources over 1.8. $2,500,000,000.
are
As against China's small decline, Japan for the same period this year shows a loss of over 13,000, C00 lbs. The actual figures for January September 1938
21, $43,000 lbs. as against 34,850,000 lbs. for the same period the year before. Manager.
I need hardly point out that Japan had the great advan- tage of not having the
war in- vading her tea districts and could carry on her tea production un- hampered. Central News.
D. M. BIGGAR,
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT
OF CHINA AS.AN INTERNATIONAL EXCHANGE
BANK
SILVER MARKETS
LONDON SILVER
London, Dec. 21. Silver-Little speculative selling. PAID-UP CAPITAL $40,000,000.00 | American trade bought. Active (BRANCHES ALL OVER CHINA} buying. Market, steady. In the Owing to our numerous Branches afternoon, the market was quietly in China and connections in the Arm, with buyers at the rate but principal Commercial Centres of sellers holding back. the World, we are able to, extend ta our Clients special facilities for Domestic and Foreign Banking and Exchange.
Head Offices SHANGHAI Hong Kong Branch:
4. QUEEN'S ROAD, C. South China Officer:
CANTON
and Exchange business transacted. SWATOW
approved granted
Loans
securities.
KONGMOON TOISHAN
Spot .... Forward
20-1/16d. 19-7/180.
-Reuter.
NEW YORK SILVER
New York, Dec. 21. Official Price, 42-3/4.-Reuter.
BOMBAY SILVER
SHIUCHOW KINGCHOW. Ready
Bombay, Dec. 21. Indian Mint Silver
FINANCE
CHINESE EXPORTS THROUGH ®
SHANGHAI COMPARED
Shanghai, 'Dec. 22... In March, to the United States According to Customs statistics 5.1 million, Japan 4.8 million, Ger- just published. Shanghai exported many 3.7 million, Great Britain 2.9 in January to the United States million. goods of a value of four million Chinese dollars, to Japan 3.8 mil fon, to Germany 3.5 million, to Great Britain 3.4 million.
In February, to the United States 4.5 million, to Japan 5.0 mililon. to Germany 1.2 million, to Great Britain 1.8 million.
1
H. K. STOCK EXCHANGE
Dec. 22
The market remains quiet.
Anyera Hongkong Bank, $1350,
Douglases, $81).
HK & K Wharves, $115. RK, Docks (Old), $184. EK. Docks, (New), $17). Providents (Old), 36.40. H. & S. Hotels. $61... H.K. Lands, $36.. EK. Realties, $5.
HK. Tramways, $17.
Watsons, $7.45.
Entertainments, $83.
W
In April to the United States 5.3 millon, Japan 12 million, Germany 4.8 million, Great Britain, 4 milkon. In May to the United States 5.8 milllon. Japan 12.3 million, Ger- many 4.2 million, Great Britain 4.9 million.
In June to the United States 6.6 million, Japan 16.8 million, Ger- many 5.2 million, Great Britain 5.2 million.
{1
In July to the United States 7.1 million. Japan 14.5 million, "Ger- many 6.6 milliori, Great Britain 6.8 million.
In July to the United States 7+1 million, Japan 14.5 million, Ger- many 6.6 million, 'Great Britain 5.6 million.
In August to the United States 8.8 million, Japan 10.1 million, Ger- many 5.2 million, Great Britain 5.4 million.
In September to the United States 11.7 million, Japan 10.8 million. Germany 6.3" million. Great Britain 5.6 million.
In October to the Unites States 10.3 million, Japan 8.4 million, Ger- many 4.2 million, Great Britain 8.5 million Chinese dollars.
Vibro Piling, $64.
The figures show that at the be- H.K. Govt. 4 per cent Loan, ginning of the year there was very little trade as no stocks were avall- per cent pm.
able. HK Gort. 31 per cent Loan, par.
Sellern
Hongkong Bank, $1370. China Underwriters, 70 cta. Humphreys, $9. Taumati Ferries (Old), $224. Sandakan Lights, 810). Dairy Farm. $244. Lane, Crawfords, $8. Constructions, $14.
Sales
From April onwards, Japan or- ganised the export trade as well as transport from the interior, there- by jumping into a huge lead.
Hongkong... $1335/40. HK. Docks (Old), $184. Providents (Old), $8.40.
H. & S. Hotels, $67. HK, Lands, $38.
Telephones (Old), $23.
Watsons, $7.45.
(Prices below in Phil. Corrency)
Antamoks, 50
Atoks, .241
Bagulo Gold, 23
Benguet Consol, 12.00
Coco Groves, .51 Demonstrations, .27
San Mauricio, 1.78 Suyoc Consol., 20 United Paracales, 84
HONGKONG SHAREBROKERS”
ASSOCIATION
Buyers
Banks. $1350. Providents Old, $6.35. Providents New, $6.15. Docks Old $184. Lands $36.
Realties, $5. Entertainments, $6.70 Suyocs, 194 ctrs,
Sellers
Hanks. $1385.
Sales Providents Old, $6.35. Providents New, $6.15. Lands,' $36.
፡፡
From June, other countries also show gains as more goods reached Shanghai from the interior.
In September, Japan drops into second place, and in October, into the third place, the reason being that large quantities of, export goods were shipped by the Japan- ese down the Yangtze direct to Japan and do not appear in Shang- hal's customs statistics.
Other Powers are not allowed to do the same.--Transocean.
CONSIGNEES' NOTICES ·
NOTICE - TO CONSIGNEES.
PENINSULAR AND ORIENTAL STEAM NAVIGATION Coʻn STEAMER "CARTHAGE."
ABRITED HONG KONG ON 21er DEC., 1938.
FROM ANTWERP, LONDON, GIBBAL- TAH, MARSEILLES, MALTA, PORTSAID, ADEN, COLOMBÓ
AND STRAITS. NONSIGNEES of Cargo by the
above-named Vessel are hereby in formed that their Goods are being länded' and placed at THE xxsx in the Hong Korg and Kowloon Wharf and Godows Company's Godowns at Kowloon where each Consignment will be sorted out Mark by Mark and Delivery can be obtained as the Goods are landed.
Optional Goods will be landed here anless instructions kavé been given to the contrary Six Hours before arrival of the steamer,
FRIDAY, DECEMBER 23, 1938.-PAGE 13
PRESIDENT LINER
Sailings
TO MANILA
S.S. PRESIDENT ADAMS
DEC. 23rd
S.S. PRESIDENT TAFT
DEC. 25th
AMERICAN PRESIDENT LINES, LTD.
ROUND THE WORLD SERVICE
FORMERLY DOLLAR STEAMSHIP LINES
TEL. 28171.
12, PEDDER ST.
CONSIGNEES' NOTICES CONSIGNEES' NOTICES
!
MAZEUK LINE
NOTICE TO CONSIGNIES
THE M.V.
"ASTORIA
NOTICE TO CONSIGNEES
OCEAN STEAM SHIP CO. LTD.
AND CHINA MUTUAL STEAM NAVIGATION CO., LTD.
MUNSIGNEES per Colla Vamsi
"IXION."
having arrived, from New York and C
Forts of call, Consignees of Cargo mie hereby notified that their Goods are being landed and placed at their risk into the Hong Kong and Kowloon When and Godown Company's
down
{ Kowloon, whore" delivery may b. obtained as soon as the Goods are landed, Optional Cargo will not be anded bere. unless Notice has been given 48 heur prior to veseol's arrival, but carried on from port to port to the final port of call to which the option extends.
No Claims will be admitted after the Goods have left the Godown, and al: Goods remaining undelivered after the 28th Dec., 1938, will be subject to Rent,
All broken, chated, and damager Goods are to be left in the Godowns. where they will be examined on 24ib Dec., 1988, at 10 am by оп Surveyor Capt. Walter C..Weston,
To comply with the General Bonded Warehouse Regulations, consignees must have a Revenue Officer in attendanes when damaged dutiable goods are Examined.
All claima must reach as before the 28th Jan, 1939, or they will not be recognized.
No Insurance will be affected. Bills of Lading will be countersigned to
JEBSEN 001,
Agents.
Hong Kong, 22nd Dec., 1929.
From SEATTLE, VANCOUVER.
AND VICTORIA VIA JAPAN
are requested to take Delivery of Flour and Lumber Shipments as soon as the Veam is ready to discharge and aro hereby notified that if their Lighters aro not placed alongside the Vessel · ar required, their Shipu ents will be dis- charged into Holt's Wharf, Kowloon, at their expense, where the Cargo will lie aleo st their risk and expense and subject to the Terms and Conditions of Storage at Holt's Whalf. Steamer will commence Discharge on the 20th Dec.
General Cargo will be discharged into Bolt's Wharf, Kowloon, where it will lis at Consigneer risk and subject to the Terms and Conditions of Storage at Holt's Wharf, The Cargo will be ready for Delivery from the Godown on and after 20th.
All broken, abafed, and damaged Gooda are to be left in the Godowns, where they will be examined on any Tuesdays and Fridays between the hours of 10.45 am, and Noor within the Free Storage period.
No Claims will be admitted after the Goods have left the Vensel's Godown, and all General Cargo remaining undelivered after 27th Dec, will be subject to Bent. All Claims against the Vessel mast be presented to the Undersigned on or before the 10th Jan., 1939, or they will' [2055 not be recognized,
No Fire Insurance will be affected.
BUTTERFIELD & SWIRE,
Agerta. 30th December, 1938.
HAMBURG-AMERIKA LINK
NOTICE TO CONSIGNEES
Goods not cleared within 8 days in RESERVE BANK OFcluding date of arrival will be subject to
No. Fare Insurance will be affected by THE MY INDIA RETURNS
Calcutta, Déc. 21.
Dec. 9 Dec. 16
Notes in circulation (including Notes held in the Bank-
rent.
us in any cass whatever.
Damaged Packages manat be left it the Godowns for examination by the Consignees, and the Company's surveyors, Mesara, GODDARD & Douglas, no 10a.m. on Mondays and Thursdays, within the Free Storage period.
Consignees are specially notified that is is necessary for a Revenue Officer to be present at the examination of damaged 7,009
dutiable cargo.
ing Department ... 20,846 20,698 Rupee Coin and Bul-
Hon in India 51-02 51-00 Gold Coin, and Bul-
Hon in India
We also handle the isue of Jan. 16 Settlement: 51-01 50-15 Current Accounts opened in Locali Currency and Fixed Deposits re.Bonds and other Public Funds of Feb. 14 Settlement ceived for one year or shorter the Chinese Government both at periods in Local and Foreign Cur Home and Abroad.
rencies on terme which will be
quoted on application.
Safe Deposit Boxes To Let
KAN TONG. PO."
Chief Manager:}
SHOU J. CHEN,
Hanager.
Ready
THE CHINA-SIAM
9","BIRAM”
HONG KONG BANGKOK
LINE.
leaving Hong Kong ist January via Swatow HONG KONG-SWATOW-AMOY ms. "HAI LEE" leaving Hong Kong 25th December Accepting Passengers & Cargo for all the above metioned porta. HONG KONG SINGAPORE-PENANG-BANGOON. Regular Express Bervice
f
10.8. "HAI. LEE" leaving Hong Kong31st December Accepting cargo for all the above mentioned ports.
Excellent passenger accommodation available.
For freight, passage rates and all other information—Apply tos
THORESEN & CO., LTD.
Tal. 20137.
General Agents.
Queen's Building,
7,086
4,154
50-15 50-13 Securities, (Indian
--Reuter. Government)
Securities (British
3.235
51-00
50-15
50-13
Reuter.
Bombay, Dec. 22. Unofficial Quptations
January 16 Settlement February 14 Settlement
Market.Quiet.
ANGLO-GREEK TREATY
TO BE RENEWED
London, Dec, 22. The commercial treaty between Great Britain and Greece, it is believed, will be renewed early next year.
In this connection, the "Even→ ing Standard" draws attention to the part played by King George nt Greece, whose recent visit to. London greatly contributed to A satisfactory conclusion of the ne- gotiations. Transocean.
FINLAND PAYS WAR DEBTS.
Of the 13 nations due to pay another tustalment on their war debts to the United States" on December 15, Finland was the only nition to make good pledged pay- ment. Finland, Treasury officials revealed, paid in US. 1232,935.
All Olaims against the Steamer muat 4.154 be presented to the Undersigned on or befors 11th Jan., 1938, or they will 3,235 not be recognized:
No Claims will be admitted after the Goods have left the Godown. Government)........
5,950 6,083
MACKINNON, MACKENZIE' & Obe (Figures in lakhs of Rupees)
Agence. -Reuter. Hong Kong, 21st Dec., 1938. (2048
WINTER CLOTHES
Women's, Men's & Children's
WANTED URGENTLY
HONGKONG BENEVOLENT SOCIETY
Monday & Thursday
ICE HOUSE STREET
1
10 to 12 NOOD.
"SAT ERLAND"
having arrived from Hamburg and Ports of call, Consignees of Cargo are hereby notified that their Goods are being landed and placed at their risk into the Hong Kong & Kowloon Wharf & Godown Company's godowns at Kowloon, where delivery may be obtained as soon as the Goods are landed.
SILVER LINE.
NOTICE TO CONSIGNEES
FROM
[2049
NEW YORK & SAN FRANCISCO,"
BE Motor Versal
"SILVERSANDAL'
having arrived from the above Ports on 17th instant, Consignees of Cargo are Optional Cargo will not be landed hereby informed that their Goods are bere, unless Notice has been given 48 being landed at their risk into the Go hours prior to Versol's arrival, but carried downs of the Hong Kong and Kowloon
from
port to port 18 the final port Wharf and Godown Company, Limited, of call to which the option extends, Kowloon, and stored at Consignees risk
Ne Olaims will be admitted after the and expense.
on
Goods have left the Godowns, and all All broken chisted, and damaged Goods Goods remaining undelivered after the are to be left in the Godowns, where 28th Dec., 1938, will be subject to they will be examined on Friday, Rent.
23rd instant, at 10 am. All broken, chafed and damaged Goods are to be left in the Godowne, where 15 Days of the vessel's arrival here, they will be examined on 24th Dec. after which date lhey, cannot be re- 1938, at 10 m. by our Surveyors, cognized. Messrs. Goddard & Douglas,
All Claims must be presented within
No Claims will be admitted after the
To comply with the General Bonded Goods have left the Godowns, and all. Warehouse Regulations consignees must Goods remaining undelivered after the have a Revenus Officer in attendance 24th inst., 1838, will be subject to when damaged dutiable goods are Rent.. examined.
No Fire Insurance Eas been offerted,
All Claims must reach us before the 26th Jan, 1939, or they will not by be recognised.
No Insurance will be affected. Bills of Lading will be countersigned by
JEBSEN & 00. Agenta.
Hg Kong, 10th Dec, 1978.
(2013
Bills of Lading will be countersigned
I
FURNESS (FAR EAST) LTD.......... 2nd Floor, Hongkong & Shanghai Bank Building
Dials 23165 & 23169," Hong Kong, 17th Dec, 1938.
FOR SALE
[2040
“KING GEORGE IV” WHISKY
Nou refillable QUARTS 85.0) per
Flask
Flock
PINTS $2.95
PINTS 81.65
Obtainable at
bottle
HUNG CHEONG
Tel. 57108.
86, Nathan Boad Kowloon.