HONGKONG DAILY PRESS
BANKS
HONGKONG AND
THE CHARTERED
SHANGHAI BANKING
CORPORATION
Authorised Capital 50,000,000
BANK OF INDIA, AUSTRALIA & CHINA
FINANCE
Finance and Commerce
CASTOR OIL IN SUBSTITUTION
SHARE MARKET REVIEW
Hongkong Sharebrokers' Association
G (BY C. A. L. RICKETT)
Issued & Fully Paid-Up #20,000,000 Incorporated by Royal Charter, 1835 FOR LUBRICANTS For the short week commencing evidence and changed hands at
Reserve Funds:
Starling
..£6,500,000 H.K. Currency Reserve $10,000,000 Reserve Liability of
Proprietors
..$20,000,000
Head Office:-HONG KONG
Board of Directors. Hon. Mr. A. L. Shields..
WH, Lock, Esq.,
Chairman.
Deputy Chairman.
J. K. Bousfield, Esq.,
A. H. Compton, Esq.,
Hon. Mr. 8. H. Dodwell,
G. Miskin, Esq.,
K. S. Morrison, "Esq.,
Hon. Mr. J. J. Paterson,
H. V. Wilkinson, Esq.,
· HEAD OFFICE: LONDON: 38, Bishopsgate E.C.2.. Paid-up Capital ... £3,000,000 Reserve Fund Reserve Liablity of Pro-
prietors....
£3,000,000
£3,000,000
MANCHESTER BRANCH: 71, Mosley Street, Manchester.
AGENCIES. AND BRANCHES:
ALOR STAR HONG KONG PENANG ILOILO
RANGOON IYOR
MAIGON KABAUK1 BEBEMBAS KLANG
BHANGHAI SINGAPORE SITIAWAN LUMPUR. SQURABAYA KUCHING ΤΑΙΡΙΚΟ
-Chief-Manager. CIBU
AMRITSAR BANGKOK
BATAYIA
T. E. Pearce, Esq.,
IMBAY
Sir Vandaleur M. Grayburn,
CALCUTTA CANTON CAWNPORK
КОВЕ
KUALA
Branches:-
Amoy Ipoh
Penang
Bangkok
Jchore
Rangoon
Batavia
Kobe
Saigon.
Bombay
Kowloon San
COLOMRO DELAI HAIPHONG HAMBURG HANKOW
KARBIN
KADRAB
MANILA
Calcutta
Kuala
Francisco
Canton
Lumpur Shanghai
Chefoo
London
Colombo
Lyonn
Singapore Sourabaya
Dairen
Malacca Sungei
Patani'
Foochow Manila
Haiphong Muar Swatow Hamburg (Johore) Tientsin Hankow Mukden Tokyo
New York Tsingtao
Yokohama
Harbin
Hongkow Peiping Iloilo
Current
in
Accounts opened Local Currency and Fixed Deposits received for one year or shorter periods in Local and other Cur- rencles on terms which will be qpoted on application.
Also up to date Safe Deposit Boxes in various sizes To Let. Hong Kong, 25th Feb, 1930.
HONGKONG SAVINGS
BANK
The Business of the above Bank
is conducted by the HONG KONG
MEDAK NEW YORK PRIPING
(Peking)
TIENTRIN
TONGKAH
· (Bhuket) TSIKOTAŬ YOKOHAMA
last Wednesday the market has re-3s 9d. Hotels were "a shade `ensler
The Provincial Department of ture.
A scheme to produce castor oil mained quiet. However, the under- at $8.85 and Providents (0) at $8.45: in, substitution for expensive im-tone has been steady and prices, Trams, after deduction of dividend, ported mineral lubricants by the on the whole have been well main-recovered 50 cents to $18.75. - Dalry planting of Ricinus communis stained. With the approach or race Farms came in for enquiry at $23 being pushed ahead in Kwangtung week holidays there has been a and Underwriters were wanted at according to a message from Shiu- lack of interest in the market and 57 cents. Market closed quiet with bing.
trading has been of a demultory na-a steady undertone.
The Manila market has been dull Reconstruction his bought severa ILK. Banks, following the tm-and uninteresting. Prices are in- hundred thousand, pounds of seed provement London, changed clined to give way through lack of from abroad and has been dis hands at $1,440 (cum diy). Elec-business and at the close all listed tributing them to farmers through-tries have remained steady at $57) stocks are marked, slightly down out the North and West River areas and Lands were wanted at $36. although the undertone appears a
continued inflittig steadier. Volume of Business Transacted for the Week ending February, 24, 1939:-
and southwest Kwangtung.
The first crop will be expected in June, some 120 days from the date of sowing, and will be bought up] by the Government as twelve cents a catty: the farmers receiving ten cents and the hsfang-changs or village chiefs, two cents as induce- ment money.
Experiments i extracting oll from seeds are now being conduct. ed by government chemists, and by harvest time a refinery will be: set up for mass production.
China imports huge quantity of
In
Marsmans (HK)
Stock
Trazos Hotels
Dairy Funmis
No. of Shares
2,000
Price
$16.60
2,700
8.75
to $16.75 6.65
500
23.00
Providents (0) Underwriters
1,500
5,50
0.45
1,250
.56
Bank of East Asia Marsman" (HK); Benguet ConSOL Consol. Mines
50
85.00
1,000
34./9d.
100
Ps.13.00
20,000
FORMION EXCHANGX and General mineral lubricating of for her at GERMAN GRAIN Banking Business transacted.
in
CURBENT ACCOURTS opened and FIXED DEPOSITS received for One Year or shorter periods at rates which will be quoted on application.
The Bank's Head Office London undertakes Executor and Trustee business, and claims_re- covery of
British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.
R. A. CAMIDGE,
Manager
THE CHASE BANK
18, QUEEN'S ROAD CENTRAL
HEAD OFFICE:
18; PINE STREET,
NEW YORK.
& SHANGHAI BANKING COR-An American Bank offering com- plete Foreign Banking Service in the principal Markets of the world.
PORATION. Rules may be ob tained on application.
For the HONG KONG & SHANGHAI BANKING CORPORATION.
V. M. Grayburri,
Chief Manager.
"Hong Kong, 28th Feb., 1839. BANK OF EAST ASIA, LIMITED
Authorised Capital $10,000,000.00, Paid-up Capital Reserve and Undivided
Profits
8,498,800.00
2,776,726.78
Head Office:-HONG KONG
No. 10, Des Voeux Road, Central
Board of Directors:
Bir Bhousen Chow, Chairman Li Koon Chan, Rag. Li Lan Sang, Esq. P. K. Kwok, Esq. WongChuSon, Esq. Wong Yun Tong, Esq. Kan Ying Po, Esq. ChanChingthek Eng. FungPingWah Eng
Kan Tong Po, Esq., Chial Manager.
Tie Fong, Esq., Manager.
Branches and Agencies :-
FIOLER Boarabaya
Bwałow
London Rangoon
Bairoa Sydney
Malbourne Ban Tren Tainoku
Amoy
Kowloon
Exlaya
Fombay
Mantis
Calostia
Cazion
14 Nagar
Haiphong
New York Beattle.
Hackow
'Ca
Paris
Honolula Kobe
clan antar
Πολτο Bemurung
Υππροανα Shanghai Yokohama Priping Bingsporo
Every description of Banking and Exchange business transacted, Loans granted On approved securities.
Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by
THE CHASE NATIONAL BAR
'י
NEW YORK, with Resources over U.S. $2,500,000,000.
D. M. RIGGAR,
Manager.
BANK OF CHINA
Fi
Specially Chartered by
THE NATIONAL GOVERNMENT OF CHINA AS AN
INTERNATIONAL EXCHANGE
BANK
force, and the present scheme aims at self-sufficiency and economy.
CHOICE
EMPIRE
WOODS
FISCAL LEGISLATION
BERLIN. Feb. 26 (T/Ocean)- Decisions about changes in the A feature of the interior decora, grain decal legislation, pending for tion of the new headquarters of imperial Airways at Victoria, Lon-bartly by the extraordinary expen
some months past and necessitated don which will be coming into use diture in 1938, have just resulted carly next year-will be the large in an announcement of changes in quantity of Empire wood of various he income tax for the mincial kinds which is being used for
¡year 1939. panelling, pillars, doors and floors.
Along the provisions of the new Wood for such purposes is being legislation is one to the effect that drawn from India, the Far East married taxpayers who after five years are without children will in
Australia and Canada.
In the big main booking-hall the future have to pay a higher rate of walls are being panelled with grained birch from Canada, which
taxation.
Unmarried · persons. will
alao
is light and silky in finish. And have to pay an increased income as a contrast to this birch will be tax. The bachelor income tax will the dark polished teak from Burma
be further increased by about
which is being used to enclose the 121/2 per cent. massive pillars of the booking-hall In the passengers restaurant and foyer the panelling will be carried| out in Australian, walnut.
All the main doors in the new headquarters are to be of solid Eng- Mish bak; while & new hardwood.
from India, called Gurfun, is being made use of for flooring purposes.
NEW COINS IN
SZECHUEN
.0025
H.K. STOCK EXCHANGE
There was more interest shown in the market during the short yession but shares were difficult to OʻTARI.
Buyers
Canton Insurance, $217).. Union Insurance, $468. H.K. Fire Insurance, $180. Douglases, $67,
Ratbe, $8.20.
H. & S. Hotels. $61. H.K. Realties, $5,15.
H.K. Tramsways, $16.65.
HK. Electries, $57. China Lights (Old), $8.40.
Sandakan Lights, 59.85. Canton, Ices, $1. Dairy Farms, $234. Watsons, $7.75.
Wing On (HR.), $41. Entertainments, $7. Marsmans (HK), 3/9,
Sellers
Union Insurance, $475. H. & S. Hotels, 367.
Sales
Yaumati Ferries (New), 22). Telephones (Old), 228.
|HONGKONG
SHAREBROKERS'
ASSOCIATION
CHUNGKING, Feb. 24 (Centrai); The Central Mint, formerly in number of all its scattered in Shanghai, has been split into a
different parts of the country, cut- ting as usual small subsidiary coins in nickel and copper to meet pubile demand. Two of these units are in Ezechnen, one in the hand-eastern and the other in the west-
Shares Price andern part of the province.".
500 $16.75 The plant in eastern Szechuan pemonstrations 20,000 Ps.0.16) began operating last June with two Antamoks
HAND-FORGED KNIVES
In less than 30 years' time forged Sheffield scissors pocket-knives will be rarer than precious stones.“
Volume of Business Tnsacted on Saturday, Feber y 25
.No. of
יי.
STOCK
Trams
It was stated at a recent meeting of machines and produced some 200, Philippine Gold Mining Quotailens the Society for the Preservation of 000 nickel and copper coins of 20
Old Shefeld Tools that there are no cents. 10 cents, 5 cents, and ome Atoks more than 20 craftsmen in the cent denominations daily.
Now. Baguio Gold city-the youngest over 30-capable the plant has eight machines run-Benguet Consol PAID-UP CAPITAL $40,000,000.00 of making hand-forged scissors, ning, and its output has increased Consol. Mines
(BRANCHES ALL OVER CHINA) and there are only 50 to 60 pocket about 1,000,000 coins per day. Demonstrations
가
*2,000 0.44
Saturday, Feb. 25.
354
21
13,50
003
164
144
1.07
Owing to our numerous Branches | knife forgers-none -DI them
NEW MACHINES
Paracale Chaus in China and connections in the young,
The plant in western Sizecimen, San Mauricio principal Commercial Centres of There is still an appreciable which is the bigger of the two United Paracales. the World, we are able to extend demand for band-forged articles, began a partial operation at the Market Comment quietly steady. to our Clients special facilities for the "secret of their superiority end of last autumn, with a daily Domestic and Foreign Banking and Exchange,
the more steel is cutput of 400,000 nickel and cop
Head Office: SHANGHAI, "
Hong Kong Branch:
4, QUEEN'S ROAD, C. South China Offices:
KONGMOON TOISHAN KINGOHOW
CANTON SWATOW Current Accounts opened in Leal SHIUCHOW Currency and Fixed Deposits "re-
We also handle the issue of
ceived for one year or shorter Bonds and other Public Wands of periods in Local and Foreign Cur- the Chinese Government both at rencies terms which will be Home and Abroad.
On
quoted on application.
Safe Deposit Boxes To Let
KAN TONG PO.
Ohief Manager.
IRON & STEEL
TUBES CARTEL
SHOU J. CHEN,
Manager.
GIANT CHEMICAL
WORKS
being that hammered the better it becomes per coins: Installation of new MA- the finer and more durable, its chines has been completed since cutting edge, A hand-forged the turn of the year and the pant pocket-knife blade hammered is now capable of minting 3,000,000 probably 100 times in forging, coins a day, rivalling the record whereas a drop-stamped blade is of the production of the mist In bit only once a heavy, pressing Shanghal. blow.
BIRMINGHAM'S
NEW RESERVOIR
A new service reservoir of 18,000, 000 gallon capacity is being constructed at Perry Barr. Bir mingham, at a cost of approxi- mately 260,000
1
LONDON METALS
EXCHANGE
London, Feb. 24 (Reuter).
COPPER
MONDAY, FEBRUARY 27, 1939. --PAGE 13
PRESIDENT LINER
Sailings
FOR SAN FRANCISCO & LOS ANGELES
14
via KOBE, YOKOHAMA and BONOLULU
8.S." PRESIDENT CLEVELAND " 8.8. PRESIDENT PIERCE"
*8.8. "PRESIDENT COOLIDGE" 88" PRESIDENT-TAFT*
* CALLS AT SHANGHAI
Sails Mar. 11th at 4.00 PM
Mar. 25th at 4.00 PM.
Apr. 8th at 8.00 A.M.
Apr. slat at 4.00 P.M.
FOR NEW YORK & BOSTON FİR SUEZ
1:
8.8. "PRESIDENT GARFIELD" Sails 8.8. PRESIDENT MONROE“.
Mar. 17th at 19 Noor
自
S.S. PRESIDENT ADAMS".
S.S."PRESIDENT VAN BUHEN"
FOR
10
Mar. 29th at 9.00 PM.
Apr. 14th at 19. Noor
Apr. 28th at 19 Noox
MANILA
8.S. FRESIDENT CLEVELAND 8.S. PRESIDENT GARFIELD" S.S." PRESIDENT FIERCE ". SS. "PRESIDENT COOLIDGE”
Sails Mar. 4th at 6.00 P.M.
Mar. 17th at 12 Noos
11
Mar 18th at 6.00 PM.
>
Mar. 31st at 9.00 P.M.
AMERICAN PRESIDENT LINES, LTD.
ROUND WORLD SERVICES
12, PEDDER SL
THE
THE 28171.
CHINA-SIAM
****AIRAM” *... "HELLAS" LABELION” · # "RIRAM”
LINE
BONG KONG-BANGKOK
leaving Hong Kong 27th February via Bwntow leaving Hong Kong 8th March via Bwatow leaving Hong Kong 15th March via Swatow leaving Hong Kong 26th March via Bwatow HONG KONG-SWATOW-AMOY S ma. “HAI LEE*
2nd March leaving Hong Kong m... "HAI HING" leaving Hong Kong 16th March Accepting Passengers & Cargo for all the above motioned parts. HONG KONG-SINGAPORE PENANG-RANGOON
Regular Expresa Survice
leaving Hong Kong.
8th March
m.s. "HAT LEE" ma. "HAI BING" leaving Hong Kong 22nd March Accepting cargo for all the above mentioned ports..
Excellent passenger accommodation available.
For freight, 'passage rates and all other information-Apply to:- THORESEN & CO., LTD.
General Agents.
Queen's Building.
Tel. 30937,
THE BEN LINE STEAMERS, LTD.
S.S. "BENGLOE
Sailing for LONDON, ROTTERDAM, ANTWERP, HAMBURG and LEITH on about the 9th March, 1939.
or
Cargo will also be accepted on through Bill. of Lading to the usual transhipment ports.
For Freight and Pausage apply
to the Agents:
W. R. LOXLEY & CO., (CHINA) LTD.
Tel. 94165
SERVICE TO READERS
buyers sellers
41-1/2
迎
41-13/15
47-1/2
Copper and nickel and other Standard, Cash 41-7/18
Standard, | materials needed in the two "Eze-| chauen plants are mainly supplied by
3 month: 41-3/4 46-1/2 the metal moved out with great Electrolytic ..... difficulty from the Ehanghai plant,
EWIN
The amount of these materials Standard. Cash. 212-1/4 712-1/2 capable of supplying the shiite Standard, the present ratë 'ör production for
212-1/2 three years, it is estimated.
3 months 212
LEAD
It is learned that the Batnicy Foreign,
of planning to withhaw the old Oficial Price 14-1/8 Brechnen copper coins from cir-Foreign. Omcial culation in order to somile more
3 months 14-1/8 materials for minting new coins.
Besides making coffa, the "en-
TURKISH ORDER FOR BRITAIN
Ordinary,
14-3/16
14-3/16,
SPELTER
Official Price. 13-5/18 13-3/8 Ordinary, Oficial
3 months 13-1/2 13-9716 Final Afternoon Transactions
Tin, Standard, Cash, £213-1/4 sellers....
Tin, Standard, 3 months, 2213 |pald and sellers,
York Building.
RICKMERS LINES
NOTICE TO CONSIGNEES
THE HONG KONG THE 88. ⠀
*SOPHIE RICKMERS DAILY PRESS, LTD.,
having arrived trom Hamburg adčī and the HONG KONG Forts of call, Consignees of Cargo are: hereby notified that their goods are WEEKLY PRESS, throngh being landed and placed at their rink
into their London Office, at 53, Whart & Godown, Company's godowns the Fong Kong & Kowloon
FIRET STREET, E. C. 4, Tel- at Kowloon, where delivery may be 3137, are prepared to give timal cargo will not be landed obtained anots as the goods are * the goods are landed Subscribers and Visitors here, unless notice has been given de advice regarding accommoda-hours prior to 's rival, bet
carried on fron tion available, motoring faci fal
Carport to port to the port of call
which the
option lities, suitable
extends. shopping No claims will be admitted after the centres, oto.
Goods have left the Godowns, and an goods remaining undelivered after the 1937. will be subject to
rout
If, when at home, they will and Kerensbedr
call or telephone to the above address, they will receive the utmost assistance and the
all subjects of enquiry will be latest available information on
placed at their disposal.
Mass concrete is being used for the walls of the structure and The foundation stone for a giant
reinforced 'concrete for ..the PARIS, Feb. 26 (T/Ocean)The chemical works for making sul-columns and root. In order to European Iron and Steel Tubes phuric acid was laid near Vienna exsure a water-tight joint the sineers of the Szechwin mints are | also, buaying themselves with ex- Cartel, the purpose of which la to for the newly formed Danubian floor of the reservoir is being laid
peripients for rubstitutes for tools, regulate, on a quote basis, the pro-Chemical Corporation which is to in two separate layers of concrete and materials used in the money duction and international male and work in close association with the Seven, hundred and six circular
making process, prices of the iron and steel tubes 10 Dye Frust
mushroom shaped columns, each 17 throughout. Extrope decided, at the]
inches in diameter, will support the Sulphuric add is generally knows roof of the reservoir, which will be close of deliberations on February as being one of the chief com-in reinforced concrete tus tick 22 and 23 in Paris, that the exist-ponent materials for various indus- ing Cartel agreements regulating trial manufactures and it is there
These columng are being con- the quotas and prices would, with fore evident that important indus-structed in vibrated concrete to The British credits totalling The total tomage of the vessels slight alteration, be prolonged till trial developments are envisaged tion of the work the roof alab will Turkish Government under an
give greater strength. On comple-e16,000,000 granted to the will amount to 13,500 January 31, 1940.
The payment for this order will:] be covered with a layer of ear 15 Ins thick, and grase allowed have already produced a substantial tioned above. Of the total of £16. agreement signed in May 1988, come from the British credits men- to grow over it. Altogether, more under for a British firm.
000,000, a mum of £10,000,000 than 29,000 toms of concrete and The Turkish Government has backed by the porte Credita 500 tons of steel reinforcements given to Swan, Hunter & Wigham Guarantee Department of the will be used.
Construction of the Bina (arti- Richardson, Ltd. Wallsend- Bittish Goverment will be used ficial rubber) Works near Merneburg, Construction began last May and Tyne, Northumberland, a contract for financing Turkish orders to Germany, is so far advanced taxă is expected to take another two for the construction of 11 contal that amount placed with United the production of synthetic rubber
vessels at a cost of £1,800,000. Kingdom firms,
on a large scale will begin shortly.
for Austria
During the: negotiations, discus-
The new works are to cost 3,000. sichs showed that there was 000 Marks. general agreement that the present arrangements should continue
until December 31, 1940 and the
او
assent to this by all parties con- dual groups are only formal in semedhas, In principle, sărendy character so that an ultimate pro- been obtained.
longation till December 31, 1940, The reservations made by indivi- may be expected.
years before completion.
All broken, chafed, Goods are to be left in the Godowns, Mar, 1989, at 10 m by our Bur where they will be examined on Tab
Warehouse Reguladons Fonsigue vors Mesars, Goddard and Dougla
To comply with the General Bonded must have Rerenne Officer in attendance when damaged dutiable goods sig examined as pe
All claims must reach us before the 2nd Apr., 1939, or they will not be recognized-
*No Insurance will be effected.
Bill of Lading will be counternigund
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