HONGKONG DAILY PRESS
BANKS
HONGKONG. AND
SHANGHAI BANKING
CORPORATION
t
850,000,000
THE CHARTERED
BANK OF INDIA, AUSTRALIA & CHINA
Issued & Fully Paid Up $90,000,000 facorporated by Royal Charter, 1858
Authorised Capital
Reserve Funds:
Sterling
£8,500,000 Paid-up Capital B.K. Currency Reserve $10,000,000 Reserve Fund. Reserve Liability of
Proprietors
.$20,000,000
Head Office:-HONG KONG
Board of Directora. Hon. Mr A, L. Shielda,
W. H. Lock, Esq.,
Chairman.
Deputy Chairmas.
J. K. Bousfeld, Esq., A. H. Compton...Esq.. Hon. Mr. S. H. Dodwell,"
D. F. Landale, Esq.,
G. Miskin, Esq..
K. S. Morrison, Esq.,
Hon. Mr. T. E. Pearce,
H. V. Wilkinson, Esq.,
Sir Vandeleur M. Grayburn,
Chief Manager.
£3.000.000 £3,000,000
£3,000,000
Reserve Liability of Pro- prietors.... HEAD OFFICE: LONDON: 38. Bishopsgate EC.2. Sub-Agencies in London: 117/122. Leadenhall Street, EC.3.
West End Branch: 14/18. Cockspur Street, S.W.1. Manchester Branch:
71, Mosley Street, Manchester.
AGENCIES AND BRANCHES: ALOR STAB
HARRIN PENANG AMRITSAR. BUNG EONO RANGDON BANGKOK
ILOILO MAIGON BATAVIA IPOR BOMBAY
CALCUTTA
KARACHI
KLANG
AGENCIES: KOBE CHTE STUNT
PARIR PLACK KUALA
CANTON
LUMPUR
Branches:-
Amoy
Ipoh
Penang
Bangkok
Johore
Rangoon
CAWNTORE
КЕСЯТКО
Batavia
Kobe
Saigon
Cau
MADRAS
Bombay
Kowloon
San
COLOMBO
MANILA
DELHI
MEDAN
Calcutta
Kuala
Canton
Chefoo.
Colombo
Dairen
Francisco
Lumpar Shanghai
London "Singapore Lyons Sourabaja Malacca Sungei
Foochow Manila Haiphong Muar
Patani Swatow
Hamburg (Johore) Tientsia Bankow Mukden Tokyo Harbin New York Tsingtao Hongkew feiping Yokohama
Too L
HAIPHONG
HAMBURO HANKOW
SEREMBAN BHANGHAI SINGAPORE BITIAWAN
·BOURABAYA TAIPING
TIENTHIN
TONGKAH
(Bhuket)
TEINOTAO
NEW YORK YOKOHAMA
PRIPING
(Peking)
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNT opened and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNTS also opened in
Current Accounts opened Local Currency and Sterling with Local Currency and Fixed Deposita received for one year or shorter periods in" Local and other Car-
interest allowed at rates obtainable on application.
The Bank's Head Office in repcles on terms which, will be London undertakes. Executor and quoted on application.
Trustee business, and claims re Also up to date Safe Deposit|covery of British Income Boxes in various sizes To Let.
Hong Kong, 13th Mar. 1939.
HONGKONG SAVINGS
BANK
The Business of the above Bank rennducted by the HONG KONG
A SHANGHAI BANKING COR- Rules may be ob PORATION.
tained on application -
For the HONG KONG & SHANGHAI BANKING CORPORATION,
V. M. Grayburn.
TAX joverpaid, on terms which may be ascertained at any of the Agencies and Branches.
JJ
R. A. CAMINGE,
15, QUEEN'S ROAD CENTRAL
H.K. STOCK
EXCHANGE
The market continued" stendy, i prices being well maintained and buyers predominating for most of the popular counters
BUYERS
Hongkong Bank, $1400. Bank of East Asia, $80. Canton Insurance, $225. H.K. Fire Insurance, $190, Douglases, $874.
HK Docks (New), 318). H. & S. Hotels, $61,
H.K. Tramways, $16.90. Yaumati Ferries (Old), $244. Yaumati Ferries (New), $231. H.K. Electrics, $581. Sandakan Lights, $11.10. Canton Ices, $1. H.K Ropes, 34.10. Watsons, $9.06.
Wing On (H.K.), $48. Entertainments, $7.
Vibro Filing, $7.10. H.K. Govt. 4% Loan 45% pm. H.K. Govt, 3% Loun par.
SELLERS
Unior Insurance, $485. H.K. Tramways. $17.15. China Lights (New), $6. Macao Electrics, $184. Cements, $143.
SALES
Union Insurance, $480, H.K, Docks (Old), $194. H. & S. Hotels, $6.851⁄2 H.K. Tramways. 516.90. Dairy Farms, $261.
Vibre Pilling, $7.30
Philippine Mining Stocks Antamoks' Ps., .44" Atoks Ps.. 40
Bagute Gold Ps., .28 Benguet Consolidated Ps., 13.50 Coco Grove Ps.. .461 Demonstrations Ps., 124 I.X. L. Ps.. .66 Paracale Chumaus Ps. .16 San Mauricio Ps., 2.15 Suyoe Pa.. .21 United Paracale Ps.. 78
HONGKONG
SHAREBROKERS'
ASSOCIATION
Volume of Business Transacted
on Wednesday, March 15, "
No. of
Price STOCK
Shares
'300 -$10.25
4
Manager.
THE CHASE BANK
H.K. Docks (0)
100 19.35
(N)
100 18.50
Lands
100
China Lights (N)..
400
18, PINE STREST,
NEW YORK.
500
36.60 5.75 6.00
200 5s/8d
7.000 P50.8 1,000 Pa.2.20
HEAD OFFICE:
Chief Manager. An American Bank offering com
plete Foreign Banking Service in the principal Markets of the world.
"
Hong Kong, 25th Feb., 1999. BANK OF EAST ASIA, LIMITED
Authorised Capital $10.000,000,00 Paid-up Capital ....... 3,698,600.00 Reserve and Undivided
Profits
2,887,932,01
Head Office:-HONG KONG
No. 10, Des Voeux Road, Central.
41
Board of Directors:
Bir Shonson Chow, Chnurunath
Li Kosh Chun, Kaq. Li Lun Sang, Esq.
P. K. Kwok, Eng.
WongChuSon, Eng.
Wong Tun Tong, Esq. Kan Ying Po, Esq., ChanChingBbek, Ern. FungPingWah Eq.
Kan Tong Po, Esq., Chief Manager.
Li Tse Fong, Esq., Mannger.
Amoy
Batavia
Bombay
- Branches and Agencies (---.
PERNIK Siapapore
Oledtin Halphong Haskow Homolni Kabe
Kowloon
Landon
Kanila Helbourne
-Nagnarka
Now York Parin
Hangoots
Sadzan
San Fran
Badrabaya
Sydney
cod Tientain
Seattle Vancouver
Semarang
Printing Shangha
Interest Rates on Application.
SAFE DEPOSIT BOXES
Proyidents (01 Marsman (H.K.) United Paracale San Mauricio
FINANCE
$10,000,000 ORDER
American Planes For Britain?
Europe's rearmament race has brought an order for 200 advanced combat-trainer airplanes for the British air forces so the North American Aviation, Inc, California, at a cost of $10,000,000 (US), ac- cording to reports in Los Angeles financial circles.
1
Squad, Leader James "Addams, of the British Royal Air Force, who has been in Southern California for seme time in the Interests of British aviation, referred inquiries tu plant officials, who in turn sald any announcement would have to come from London. Similarly, at- tention was called to the lid of secrecy clamped on Southern Call- fornia aircraft factories by the United States War Department.
The order is a duplicate of one placed last June by the British Air Ministry for 200 combat-trainers, at a cost of $8.000.000, of which
about one-third have been deliver- ed to England.
No:th American Aviation, Inc. is understood to be producing its NA-
AFFORESTATION PROGRAMME IN
KIANGSI
NANCHANG, Mar. 15 (Central) -The afforestation programine in Kiangsi has been successfully put tato operation by the Institute of Agriculture.
Since the beginning of the Sino- Japanese hostilities, emphasis has been laid upon the production of timber useful for military purposes.
Statistics show that 9,317,730 trees were planted in 1937 and 2,078,503 in 1938, while seedlings planted in 1937 numbered 18,098, 653 and in 1938 numbered 0,294. 836.
Efforts will be exerted hereafter to encourage the planting of trees by private interests on a co-opera- tive basis. Virgin forests will be- Investigated and exploited. "Pro- ducation of timber suitable for the construction of seroplanes will be particularly encouraged,
ENOUGH COAL FOR WORLD'S NEEDS MIAMI Mar. 14 (Renter) — Admiral Byrd states, in the course
18 model for the British, which re-or a copyright interview with the classifies them in England' as the "New York Daily News" that he Antarctic another preparing Harvard type "advanced trainer, is England also is acquiring 200 bom-" trip and that he soon expects to bers from Lockheed at a cost of claim a million square miles for $18.000.000 under an order placed the United States. last June.
He adds: "I know there are mountains there with a coal sup- ply sufficient to take care of the the world for some
France's Interest in Southem California aircraft was revealed in January when a highly secretive needs of United States experimental bomber.time.” *** crashed at Inglewood with a French Air Ministry observer abound.
NOTICE TO CONSIGNEES
The first group of 200 bombing CONSIGNÉES' NOTICES planes ordered by the British govemment from the Lockheed Aircraft Corporation was shipped in February to England on the liners "Andania" and "Aquitania" Deliveries have not started on the 200 North American training planes ordered by the British.
OCCUPATIONAL ACCIDENTS
IN THE U.S.
PENINSULAR AND ORIENTAL STEAM NAVIGATION Co.'s
"
STEAMER CORFU.""
ARRIVED HONG KONG ON
15TH MAR, 1939,
From ANTWERP, LONDON, GIBBA!. TAH, MARSEILLES, MALTA, PORTBAID, ADEN, COLOMBO
AND STRAITE. YONSIGN RES of Cargo by the above-named Vessol are hereby in According to reports received from the operating companies by the formed that their Goods are being landed. Bureau of Mines in the United and placed T TIM ISE in the Hong Kong and Kowloon Wharf and Godown States Department of the interior.
Company's Godowns at Kowloon where accidents at metal and non-metalach Connigament will be sorted out Mark mines, other than coal mines, Inby Mark and Delivery can be obtained sa
the Goods are landed. the United States, during '1936. resulted in the death of 199 emplo- yées, and in 14.500 "lost time" injuries. The
as industry.
2 whole, employed 100,932 men-an increase 13.50 of 8,818 over the previous year-and the total employment was equal to 202,000,000 man-hours-an increase or 41,000,000 man-hours. compared with 1935.
Philippine Gold Mining Quotations
Wednesday, March 15. 43 .391
Antamoks Atoks
Coco Grove Demonstrations
LXL
28
Baguio Gold Benguet Consol.
47
14
66
Paracale Gumaus
18
San Mauricio
2.15
Suyoc Consol.
201
Manager.
United Paracales
77
Market Comment-Steady.
This Bank is entirely owned by Tuk CHASE NATIONAL BANE, NEW YORK, with Resources over U.S. $2,500,000,000.
D. M. BIOGAR,
SHIPS FOR ROYAL YUGOSLAV NAVY
The destroyer Beograd, building for the Royal Yugoslav Navy, has
NEW COMPANY
Copper-mining companies report- ed an increase of 57 per cent. in the number of man-hours worked, and an increase in accidents from a rate of 66.6 to 81.9 per million man-hours of employment.
Non-metallle mineral mines (not including coal mines) increased
Optional Goods will be landed here unless instructions have been given to the contrary Six Hours before arrival of the steamer.
Goods not cleared within 8 days in. elnding date of arrival will be subject to. rent
No Fire Insurance will be effected by de în sxy cos whatever.
Damaged Packages must be left in the Godowns for examination by the Consignees, and the Campany's surveyors, Messrs. GODDARD & Douglas, at 10am. on Mondays and Thursdays, within the Free Storage period.
Consignees are specially notified that it is neceamry for a Revenue Officer to be present at the examination of damaged dutiable
OUTRO.
John Manners & Co, man-hours worked by 33 per cent.. before 5th April, 1939, or they will
(London) Ltd.
A new company, Messrs. JOHN
with a reduction in accidents from 48.6 per million man-
50.7.. to hours.
All Claims against the Steamer must be presented to the Undersigned on or not be recognised.
No Claims will be wimitted after the Goods bave left the Grdown2 MACKINNON, MACKENZIE
Agence.
completed a successful full-power MANNERS AND CO. (LONDON). RISE IN JAPAN'S Hong Kong, 16th Mar. 1938
trial on the Clyde. During an eight-hour continuous trial, the high speed of over 38 knots was maintained.
The machinery and boilers of Every description of Banking the vessel have been designed and and Exchange business transacted, constructed by Messrs. Yarrow and Lemos granted
Limited, Scotstoun, approved Company. on -reunities...
Glasgow, W.4.'
Current Accounts opened in Local This Arm is also constructing the
Currency and Fixed Deposits remachinery and boilers for the two ceived for one year or shorter periods in Local and Foreign Car-sister ships, Zagreb and Ljubljana, rencies terras which will be the hull of which are under con-
struction at Split, Yugoslavia. quoted on application.
Da
Safe Deposit Boxes To Let
Chief Manager. CANADA'S NEWSPRINT
KAN TONG PO,
BANK OF CHINA
PRODUCTION
Newsprint paper made up 84.5 Specially Chartered by per cent. of the total reported toni- THE NATIONAL GOVERNMENT 1ge of paper manufactured in
་
OF CHINA ABAN· INTERNATIONAL EXCHANGE
BANK
Canada in 1937. Newsprint amounted to 3,673,800 tons valued
has
Ltd., of 37, Walbrook, E.C.. been formed as a separate entity LIVING COSTS trading to carry on the London'
TOKYO, (Reuter By Mail-AC- John u! "Messrs.
Manners and Co., Ltd., of Hongkong.
cording to a survey by the Cabinet Canton.
Statistics Bureau relating to the Foochow, Swatow and elsewhere in China, and to extend business February living cost of the labour- ing, and salaried classes in Japan, In other, less dimeult markets.
the February figures recorded an The last-named was registered
Hongkong in 1914 and has advance of about 15 per cent. over the corresponding figures in July: had its office in Walbrook since
1937, the month hostilities in China
of
1929 under the management broke out Mr. Frederick Taylor, who
has
had long experience. af trade
The living costs of the labouring
NOTICE TO CONSIGNIÆN
Co.
[292
PENINSULAB AND ORIENTAL- BTEAM NAVIGATION Co.'s STEAME" SOMALL"
A HONG KONG ax
18TH MARCH, 1939. From ANTWERP.LONDON.GIBRAL TAR MARSEILLES, MALTA, PORTBAID ADEN, COLOMBO AND STRAITS.
14 China. That gentleman has ass in the major cities in Ja- pan in February stood at 115.3
MUNSIGNEES of Dargo by the above become a director of the new (July, 1937 as 100), rising by 0.8 med Vessel are hereby informed company in conjunction with Mr.
per cent, over the January figure that their Goods are being landed and John Manners. The company has been formed with
and being 9 per cent. higher than triplaced AT THE in the Hong Kong regis-
and Kowloor Wharf and Godown Com February 1838.
pany's Godown at Kowloon, where esab The February wing cost of the Consignment will be sorted out Mark salaried class in eleven major cities by Mark and Delivery can in Japan atood at 1116, up by 1 the Goods are landed. per cent, over January and 8 per
tered capital of £3,000.
TIMBER DRYING
In connection with timber dry.
by obtained s
Optional Goods will be landed hers
contrary. Six Hours before arrival of the Steamer.
jat $126.424,000 in 1937, compared ing. It has been shown that the cent, higher than in February, 1938, anteon Instructions-have been given to the
with 3,225,300. tons valued at $105. PAID-UP CAPITAL $40,000,000.00
The 1937 produc- control of the circulating air in a (BRANCHES ALL OVER CHINA) 214,000 in 1936. Owing to our numerous Branchesion of newsprint was the largest kiln, to suit the state of the tim of the Canadian ber at the time of treatment, is in China. and connections in the the history principal Commercial Centres of pulp and paper industry.
The
U.K. EXPORTS & IMPORTS LONDON, Mar. 15 (BWS) The moisture content of the tim~ | United Kingdom exports in
the only mode of operation which the World, we are able to extend 1936 production had exceeded by will give satisfactory results. to our Clients special facilities for about halt a million tons the pre- Domestic and Foreign Banking and vous peak of 2,125,300 tons prober must be determined. and the February were valued at $8,92- Exchange,
Head Office: SHANGHAI
Hong Kong Branch:
4, QUEEN'S ROAD, C. South China Offices:
duced in 1929. The 1937 oikpat, however, increased another 448.000 tons over 1936 and was 34.8 per cent. greater than the tommage of 1029, although the value was stil |24" mill:ozi dollars or 16 per cent.
lower than in that year
The Canadian production of We also handle the issue of standard newsprint in 1937 wELK Bonds and other Public Funds of three and three-quarter times that the Chinese Covernment both at of the United States in that year,
CANTON
SWATOW SHIUCHOW
KONGMOON TOISHAN KINGCHOW
· Homs and Abéned.
SHOU J. CHEN,
and formed 37.7 per cent of the total North American production of Manager. 4,934,000 tons
air temperature and humidity re- | 216, compared with £37,558,722 lated to this for the particular a year ago. Imports amounted to timber under treatment. Feriodic 85,515,512, against £75,793,098, weighings of sample pieces enable value of importa is lowest for any
month for more than two years. progress to be determined.
-Be-exports last month Wer
£4.772,323, against valued at
£5,327,706 February 1938. For the first two months of the year the fall in the value of imports compared with the corresponding period of 1838 is nearly £20,000,000, while the decline in exports is just ever £1,000,000,
Higher temperatures and lower humilities may be employed with better quality stock, while a higher permissible degree of warping and splitting allows of faster drying.
Thick stock requires higher humidities and plain sawn Muiber requires milder treatment than quartered stock.
Goods not cleared within 8 days
THURSDAY, MARCH 16, 1939. --PAGE 13
PRESIDENT LINER
SAILINGS
FARES
SPECIAL RETURN HONGKONG TO THE UNITED STATES EFFECTIVE IMMEDIATELY, FOR SAILINGS beginning with
8.S. PRESIDENT PIERCE May 19th and including all sailings up to
S.S. PRESIDENT CLEVELAND October 21st Return Limit Six Months
MINIMUM ROUND TRIP FARES 8.8 PRESIDENT COOLIDGE
First Class Special Class
First Class
Tourist Clas
San Francisco US$637.00
382.00
592.00
322.00
Los Angeles US$652.00
390.00
8.8. PRESIDENT CLEVELAND, PIERCE and TAFT
807,00
330.00
AMERICAN PRESIDENT LINES
ROUND WORLD SERVICES
12, PRODER ST.
Triestina
Lloyd
41
TEL. 28171.
FORTNIGHTLY
EXPRESS SERVICE
FAR EAST-INDIA-ITALY
Hongkong-Loudor, 23 days Hongkong-Italy 21 days
SCHEDULE OF SAILING FROM HONGKONG
TO MANILA, SINGAPORE, COLOMBO, BOMBAY, EGYPT & ITALY
m.v. "VICTORIA”
25th Mar. 1.3. "CONTE VERDE" 7th Apr.
TO SHANGHAI
18th Mar. m.v. "VICTORIA" 8.a..."CONTE VERDE" 31st Mar.
4.5. C. BIANCAMANO" 99th Apr.. "C. BIANCAMANO" 23rd Apr. "CONTE ROSSO" 12th May 8.8. "CONTE ROSSO" 5th May, 20th May. 27th May
m.v. "VICTORIA"
m.v. "VICTORIA"
LLOYD
TRIESTINO
P.O. Box 143, Tel. Addreu "Lloydlano"-Telephones 32882 Pareenge
32883 Freigu
HAMBURG-AMERIKA LINIE
Far Eastern Bail, Passenger & Freight Service
Through bookings to America via Europe and Europe via America. Through bookings. to London Bookings around the world.
-
OUTWARD SAILINGS *m.v. "RAMSES" for Shanghai, Dairen, Y'ham,
Kobe.
.....24th Mar. m.v. "KULMERLAND".. for Shanghai, Dairen. Takú,
Tsingtao, Y "hama, Kobe, Osaka 8th April 5.8. "NORDMARK"...... for Shai., Dairen, Kobe, Yhums.
....16th April
*HOMEWARD SAILINGS m.v. "BURGENLAND" for Genoa, B'dam, Hamburg... 26th Mar. B.. "OLDENBURG"...Genos," A'warp, H'dam H'brg...and April m.v. "RAMSES"......for Genoa, Antwerp, R'dam, B'burg 25th April
Freighter with Passenger Accommodation,
For further particulars and passage fares, etc, apply to:--
HAMBURG-AMERIKA LINIE
JEBSEN & CO., AGENTS.
12, Pedder Street, Tel. 31205-6.
UANTON AGENTS: CARLOWITZ & CO., Shakee Road,
TAURSE
15.
MAERSK LINE
Faat regular FREIGHT and PASSENGER SERVICE
TIL
BHANGHAI and JAPAN
including data of arrivi will be subject LOS ANGELES, PANAMA, NEW YORK, BOSTON
No Fire Insurance will be effected by
as iny case whatever.
Damaged Packages must be left in the and the Company's Burveyors. signees, Godowns for examination by the Con Memes, GODDARD à Dovolar, at 10 am, on Mondays and Thursdays, wil
within the Free Storage period."
Consignees are specially notified that it is recomenry for a Berenne Officer to be present at the examination of damaged dutiable cargo,
All Clafwis against the Steamer must be presented to the Undersigned on or before 6th April, 1988, or they will not be recognised
No Claims will be admitted after the Goods have left the Godown. MACKINNON, MACKENZIE & Co. to da Agenta..
Hong Kong, 16th March, 1929. [394
PHILADELPHIA & BALTIMORE.
If ancient inducement offare slao other ports of call. Arrivals from UBA
M.V. "MARCHEN MAERSK " 20th Mar. M.V. ACADIA".
4th April
Bailings to U.S.A
37th Mar
27th April
M.V. "ANNA MAERSK " (All dates are subject to alteration without notice.) ¡EXCELLENT ACCOMMODATION FOR PASSENGERS
AT MODERATE RATES
For Freight and Passage please apply:-
JEBSEN & CO.
Canton Bhameen, B.C. Agenta. Hong Kong, Pedder Building.
Tel 10916,
"Tel, 31205-87
Swatów Agents: GEBR ROESE. Tel 1858.
054