HONGKONG DAILY PRESS
BANKS
SHANGHAI BANKING
HONGKONG · AND
CORPORATION
Authorised Capital $50,000,000
THE CHARTERED-
BANK OF INDIA, AUSTRALIA & CHINA
.
H. K. STOCK
EXCHANGE
The Improvement in the Londr market was short-lived, and the latest advices from that quarter show an appreciable 'drop in most quotations. "This. together with the uncertainty still murrounding the European political altuiation
FINANCE
SZECHWAN AS A SUGAR-
PRODUCING CENTRE
CHUNGKING, March" 23 (Central)--With the destruction of most of the sugar refineries in coastal areas and the en- province forcement of the Japanese naval blockade Srechwan
is supplying China with the largest andunt of sugar. - "Last year one district alone ex- ported over $8.800.000 of sugar to
Immurd & Fully Paid-lip $20,000,000 Incorporated by Royal Charter, 1859 may account for the lethargical the neighbouring districts and EXCHANGE
Reserve Funds:
Sterling.................
......£1,500,000 Paid-up Capital H.E. Currency Reserve $10,000,000 Reserve Fund Rmerve Liability of
.roprietors
.....$20,000,000
Boad Office-HONG KONG
11
Board of Directors. Hon, Mr. A. L. Shields,
W. H. Lock, Eaq..
Chairman.
Deputy Chairman,
J. K. Bousfeld, Esq., A. H. Compton, Esq... Hon. Mr. 8. H. Dodwell,
D. F: Landale, Esq.,
G. Miskin, Esq.,
K. S. Morrison, Esq.,
Hos. Mr. T. E. Pearce,
H. V. Wilkinson, Esq.,
Sir Vandeleur M. Grayburn,
الصعيد.
Chief Manager.
Branches:-
Shansi.
state of the local market. In spite, such provinces as Hunan, Hupeh, ‚£3,000,000 | However, of all this HK. Banks | Yunnan, Kwelchow, Shensi £3,000,600 continue to command attention and a large business was reported in £3,000,000 › them to-day at $1340 with a small
lot being traded at $1350.
-BUYERS
Reserve Liability of Pro-
prietors.
HEAD OFFICE: LONDON: 38 Bishopsgate EC:2 Sub-Arenoles in London: 117/122. Leadenhall Street, E.C.3. West End Branch: 14/16, Cockapur Street, S.W.1. Manchester Branch:
71. Mosley Street, Manchester.
AGENCIES AND BRANCHES:
PENẲNG ALOR STAR HARBIN AMRITSAR
HONG KONG BANGOON BANGKOK
ILOILO BATAVIA
BOMBJY
CALCUTTA
Providents (Old), $5.45. Canton Ices, $1. Entertainments, $6.45 ex. Div.
SELLERS
HK. Docks, $173.
China Lights (Old), $8.80. Watsons, 30.10. Vibro Pilings, $6.40 ex. Div.
SALES
Hongkong Banks. $1375/1350. Union Insurances," $465. H.K. Docks, $171. Providents (Old), $5.45. H.K. Hotels, $5.85.
ІРОН
SAIGON SKREMBAN
KARACHI KLING
SHANGHAI SINGAPORES SITIAWAN BOURABAYA
Ixury Farms.
AGENCIES: KOBS
Gaya SreeRT
FATELIE PLACE KUALA
TAIPING TIENTS1M TONGKAH
(Bhuket)
Amoy Bangkok
Ipoh
Penang
CANTON
LUMPUR
Johore
Rangoon
CAWNPORE
KUCHING
Batavia
Kobe
SKigon
CELU
MADRAS
COLOMBO
MANILA
Bombay
Kowloon San
Calcutta
Kuala
Francisco
Canton
Chefoo
Colombo
Lyons
Sourabaya
DEX1 HAIPHONG -HAMBURO HANKOW
MEDANN NEW YORK PRIPING
TSINGTAO.. YOKOHAMA
Dairen
Sungei
Lumpur Shanghai
London * Singapore
Malacca
Foochow Manila
Patani Swatow Hamburg (Johore) Tientsin Bankow
Tokyo Makden
Baiphong Muar
Harbin New York Tsingtao Hongkew Peiping Yokohama Iloilo
Current Accounts opened in Local Currency and Fixed Deposit received for one year or shorter periods in Local and other Cur- rencies on terms which will be quoted on application.
Also up to date. Safe Deposit Boxes in various sizes To Let.
Hong Kong, 13th Mar. 1939.
HONGKONG SAVINGS
BANK
The Busines of the above Bank
is conducted by the HONG KONG
A SHANGHAI BANKING COR- PORATION.
Rules may
tained on application.
(Peking)
-FOREIGN EXCHANOR and General Banking Business transacted.
CURRENT, ACCOUNTS 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 ACCOUNra also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.
"
Ex.
DIY.
Cum.
Rtd., $23.65.
PHILIPPINE MINES
Antamoks, Ps. 38,
Baguio Gold, Ps. .28. Coco Groves, Ps, 42. Cons, Mines, Ps. .003. Demonstrations, Pa. 14. I. X: L, Ps, 61. Paracale Cumans, Ps. 16. San Mauricio, Ps. 1.96. Suyec Congol., Ps. .18).ˆ United Paracales, Ps. .69.
HONGKONG
SHAREBROKERS".
and Transportation through these dificult regions was by human labour, pack and junks.
done animals
Establishment of a $4,000,000 modern sugar refinery in the dis- already commenced. trict has
completed,
When the refinery is
the district is expected to double
its present production which s
FRIDAY, MARCH 24, 1939. --PAGE 13
PRESIDENT LINER
Sailings
FOR SAN FRANCISCO & LOS ANGELES vin SHANGHAI, KOBE, YOKOHAMA and HONOLULU **S.S." PRESIDENT PIERCE ** Sails Mar, 38th st 4.00 P.M.
AS. PRESIDENT COOLIDGE " 38.PRESIDENT TAFT". S.S.PRESIDENT CLEVELAND 3.8." PRESIDENT PIERCE"
Apr. 10th at 800 A.M.
Apr. alat at 9.00A.M.
May 5th at 8,00 A.M.
CREDIT
TO CHINA
11
辨
May 19th at 6,00 A.M;
SS. PRESIDENT COOLIDGE"
Effect On Japan's Aim
* OMITS SHANGHAI
The exchange credit extended to
S.S. S.S.
measure.
It is pointed out in London that the Japanese have always, main- that 1 stable Chinese tained
still carried on by native methods. China by Britain is being criti- Every year Szechwan's sugar cised in Japan as being a political Industry nets the native producera and merchants well over $20,000 000. It has been estimated that no less than 10,000,000 Szechwan people or one-sixth of the whole currency is in the interest of the population depend directly
or i Japanese-China trade. That trade Indirectly on the Industry, · will, therefore, benefit by the British credit scheme, though its purpose is, of course, to beneft British trade in China.
"ANNUAL YIELD According to the 1937 statistics of the provincial finance bureau which based its figures receipts.
the
Bugar
tax It is true that the extension of the credit is an event of major of annual yield sugar from Szechwan's 48 dis-importance and that it is bound to tricts amounted to 202,937,750 cat have farreaching consequences.. ties manufactured from
It is also true that these cane produced from 84,000 acres consequences will be largely political of land.
in so far as, the disintegration of Before the war started there were the whole Chinese economy may already six branches of the nabe averted, and of the principal tion's leading banks handling this conditions for an absolute Japanese prosperous trade and introducing victory thereby remain unfulfilled. modern business methods to the But the view taken in London is merchants. Four others includ- that this cannot be helped. ing the branches of the Central
ASSOCIATION Bank and the Bank of China!
Volume of Business Transacted on Thursday, March 23. H.K. Banks
5 $1,350.00 The Bank's Head Office in HK. Docks (cum. London undertakes Executor and div.) Trustee business, and claims rei yaumati
Income T&x covery of British overpaid, on terms which may be ascertained at any of the Agencies. and Branches.
R. A. CAMIDGE,
It would hardly have been possible out to refrain from "action taken to support Chinese credit with a view to protecting the big British com- mercial interests in China merely because the Japanese might fear that the ultimate political "con
CONFERENCE sequences would tell against them.
have been added since the break of the war.
300
17.50 PRODUCTION
Ferries
(N) China Lights (0) China Lights (0)
200
24.00
832
8.10
050
8.20
China Lights (0)
500
8.30
Manager.
Providents (0)
500
5.45
-The convocation of the National production conference, under the
"
THE CHASE BANK
Previdents (0) ... China "Lights (N) United Paracale 19,000 Masbate ............. 2,000
250
5.60
84
5.25 Ps.70 Ps.14
be ob 15, QUEEN'S ROAD CENTRAL
For the HONG KONG & SHANGHAI BANKING CORPORATION.
V. M. Grayburn,
Chief Manager.
Hong Kong, 25th Feb., 1939.
BANK OF EAST ASIA. LIMITED
Authorised Capital....$10,000,000.00 Paid-up Capital Berve and Undivided
Profita
5,598,600.00
2,883,012.01
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors:
Bir Shonson Chow, Chairman
Li Koon Chan, Esq. Li Lai Sang, Esq. P. K. Kwok, Esq. Wong ChuSea, Esq. Wong Tan Tong, Esq. Kan Ying Po, Bag. ChanChing her, Esq. FangPing Wab Erg.
Kaa Tong Po, Esq., Chief Minosger.. Li Tee Fong, Esq., Manager,
ARSOF
Batavia
Bombay Onionlin
Haiphong
Hackow
Branches and Agencies :--
Kowloon Pinser Singapore Bangoon Sourabaya Saigon Beatow Melbourne Bax Fran Bydowy
London
Hall
N
ezlana. Tientals,
Vancouver York Beattle
Hemarang Shanghal
Nix
Hrooluta Lobe
Paris
"Peiping..
ww
.
HEAD OFFICE:
18, PINE STREET,
CHUNGKING BANKS AID
NEW YORK DEPOPULATION
An American Bank offering com plete Foreign Banking Service in the principal Markets of! the world.
Interest Rates on Application.
SAFE, DEPOSIT BOXES
"D. M. BIGGAB,
Manager.
CHUNGKING, March 23 (Cen- tral)-One million dollars has, been set aside jointly by the Cen- tral Bank, the Bank of China. the Bank of Communications, and the Farmers' Bank of China in Chungking to finance thinning out of the wartime capital's populace and commer- cial concerns. ··
the
This Bank is entirely owned by THE CHABI NATIONAL ΒΑΝΣ,
The Chungking. authorities. in NEW YORK, with Resources overview of the indiscriminate bomb- U.S. $2,500,000,000.
ing of Chinese cities by Japanese 4 de- planes, have mapped out
Women, population programme. children, and people who have no particular business in Chungking, and shops and factories that have no necessity to stay in town are required to remove to the city's suburbs. There must be no un- necessary sacrifice in case of a severe bombing of Chungking by
JAPANESE LIMIT TRAFFIC TO CHINA
CHUNGKING, Mar. 22 (Central)
auspices of the Executive Yuan, CONSIGNEES' NOTICES
has been fixed for May 5 next. The session will last seven days.
Special importance is attached
the forthcoming conference, whose alm will be the development for the nation's agricultural, in- dustrial and mining productions. At the conference, past efforts will be examined and ways, and means de-* vised for the co-ordination of various production programmes.
A set of regulations governing
NOTICE TO
CONSIGNEES,
OCEAN STEAM SHIP CO, LTD.
AND
OHINA MUTUAL STEAM NAVIGATION CO., LTD.
NONSIGNEES per Co.'s Vessel
"EURYBATES"
FROM NEW YORK VA MANILA
Holik
June 3rd at 13 Noon
AND FORTNIGHTLY THEREAFTER
FOR NEW YORK & BOSTON
VİR SUEZ
PRESIDENT MONROE " Saila Mar. 29th at 9.00 PM. PRESIDENT ADAMS "
AND FORTNIGHTLY THEREAFTER
Apr 14th at 12- Noos
"FOR
MANILA
S.S.
-'S.S." PRESIDENT COOLIDGE"
“8.S.." PRESIDENT TAFT " S.S. PRESIDENT ADAMS'
PRESIDENT CLEVELAND "·
Sails Apr. 3rd at
Apr. 14th at 1.00 AM. Apr. 14th at 12 Noox
Apr 28th at 100 A.M.
Ꮀ
AMERICAN PRESIDENT LINES
ROUND WORLD SERVICES
TEL. 28171.
12, PEDDER ST
THE
... "HIRAM”
CHINA-SIAM
LINE.
2nd April
HONG KONG-BANGKOK
leaving Hong Kong 26th March via Swalow BONG KONG-SWATOW-AMOY ma “HAI LEE"" leaving Hong Kong Accepting Passengers & Cargo for all the above motioned porta. HONG KONG-BINGAPORE-PENANG-RANGOON Regular Express Bervice
leaving Hong Kong
ina. "HAI LEE"
8th April
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.
Tal. 30937.
General Agent».
Queen's Building,
the convocation of the conference are hereby notified that their Cargo CONSIGNEES' NOTICES CONSIGNEES' NOTICES
be discharged into will be submitted to a regular Wharf, Kowloon, where it will lie at meeting of the Executive Yuan for Consignees risk and subject to Terms approval.
and Conditions of Stange at Holf's Dr. H.H. Kung. President of the Wharf. The Cargo will be ready for Executive Yuan, will be the ex-off-Delives from Godown on and after
22nd Mar. clo chairman of the conference.
BRITAIN WANTS
PETROLEUM
FROM RUMANIA
Optional cargo will not be landed hore unless Notice has been given prior to Steamer's arrival, but carried on fron. port to port to the final port of call t which the option extends,
All broken, chafed and damaged Goods are to be left in the godowns, where they will be examined on way Tuesday,
LONDON. MAT. 23" (Reuter)—Mr. and Fridays between the hema of R.A. Butler stated in the House of 10.48 2. and Noor within the Frie Commons that the Rumanian Gov-Storage period.
No Ulama will be admitted after the emment was aware of that His
and all Goods remaining undelivered Majesty's Government desired the Gooda kare left the Steamer's Godows, parts of petroleum products to after the 29th Mar, will be rubject Britain should be maintained and to Rent that this was one of the questions All Claims against the Steamer muri. Japan's near sea routes, linking The various Szechwan highway to be discussed between the British be presented to the Undersigned on or com- and Rumanian commercial author-before the 12th Apr, or they will shipping Japan and China parts. will be administrations,
not be recognised.
No Fire Insurance will be affected monopolized by semi-official panies, and ricksha and sedan les
BUTTERFIELD & SWIRE. holding company, while a law will chair guilds have been instructed
Agents." be introduced for regulating China by the city authorities, to provide
22nd March, 1999.*
(24) navigation, Mr. Jiro Isetant, for transportation facilities.
&
'Japan's planes. - «
And
MAERSK LINE
Every description of Banking and Exchange business transacted. Director of the Shipping Bureau with the $1.000.000 credit, allotted CONSIGNEES', NOTICES Loans granted on approved
in the Ministry of Communica- by the four leading banks, shops; securities.
Current Accounts opened in Local tions, told the Lower House com will have no difficulty in establish- which 19 investigating ing themselves in nearby villages Currency and Fixed Deposits re-mittee, ceived for one
shorter legislation for ship-building sub- and towns. periods in Local and Foreign Our-sidies. rencies on terms which will be Vessels belonging to companies quoted on application.
Safe Deposit Boxes To Let
KAN TONG PO,
Chief Manager
year or
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN. INTERNATIONAL EXCHANGE
BANK PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA)
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 Hong Kong Branch:
4, QUEEN'S ROAD, C. South China Offices:
CANTON
SWATOW SHIUCHOW
KONGMOON.
TOIBHAN KINGCHOW
navigating
outside the holding company, whose operation may conflict with the tn terests of the projected semi- official navigation company, would be prohibited from between Japan and Chine.
Only tramp vessels would be left unlimited in their operations, except in the transportation of staple commodities, Mr. Isetaní declared to the Diet committee.
To help solve the housing pro- blem which will arise, in those villages and towns as a result of the migration, the four banks have also agreed to invest jointly $10, 000,000 for construction purposes along the various national and provincial highways..
COMMUNICATIONS TO YUNNAN IMPROVED
NOTICE TO CONSIGNÈLS
THE MS
.:
NOTICE TO CONSIGNEES
OCEAN STEAM SHIP CÓ. LTD,
AND
CHINA MUTUAL STEAM NAVIGATION CO., LTD.
CONSIG PHILOCTETES
YONSIGNEES per Co.'s Tessel
FROM UNITED KINGDOY
VIA SINGAPORE
"ACADIA* having arrived from New York and Ports of call Consignees of Cargo are hereby notified that their goods are being landed and pinoed at their risk into the Hong Koms and Kowloon Wha Godown Company's godowns at Kow Joon, where delivery may be obtained as are hereby notified that their cargo will be discharged into Holt's Wharf 1000 se the goods are landed.
Optional cargo will not be landed Kowloon, where it will lie at consignees here, unless notice has been given 48 risk and abject to terms and condi- hours prior to vessel's arrival, but tions of storage at Holt's Where The A subsidiary company of the carried on from port to port to the final Carge will be ready for delivery from famous French automobile firm of port of call to which the option Godown on and after 23rd Mar, pol
extende
Cptional cargo will not be landed Renault is preparing to establish a
No Claims will be admitted after here, unises notice has been given prior trucking service between Hano! the Goods have left the Godowns, and to steamer's arrival but carried on and Chungking via Handi. ....
sil Goods remaining undelivered, after from port to port to the Sul port of The company plans to use new the 30th Mar, 1989, will be subject to call to which the option extends.
All broken, chafed, and damaged MOSCOW, Mat. 23 (Reuter) caterpillar tread trucks with | Rent.
All broken, chafed, and damaged Goods goods are to be left in the Godowns, Togo, the Japanese Ambassador in Diesel engines. The trucks are
are to be left in the Godowas, where where they will be examined on any Moscow, had his twentieth incapable of carrying loads of six terview with M. Maxim Litvino, and seven tons and are reported they will be examined on 29th Mar 1939, Tuesdays and Fridays between the at 10 am, by out Surveyors Mossra hours of 10.46 &.au. ad Noon within
the free storage period. the Soviet Commissar for Foreign to be able to convey these heavy Goddard & Douglas. Affairs, yesterday, regarding the loads over mountain roads at the | fisheries", dispute,
speed of twenty miles an hour.
20TH, INTERVIEW ON FISHERIES' DISPUTE
W
Although no progress was report- Thirty trucks have already beef ed, Japanese circles profess to feel assembled at Hanoi and more such optimistic of an eventual settle trucks are expected to be put to- We also handle the issue of ment. Mr. Togo stated wat Japan gether in the near future, the Bonds and other Public Funds of would participate in the auctions French sources sald, The Chinese the Chinese Government both at at Vladivostok on April 3, provided Government is buying some of the
the Soviet offered certain guaran- trucks, although the French cum Home and Abrad.
tees, the nature of which is at pre-pany is to operate the remainder
of the feet, they asserted: "Manager tent unknown.
SHOU J. CHEN,
No claims will be admitted after the To comply with the General Bonded Warehouse Begulations consignees Goods have left the steamer's Godown, must haves Revenue Officer in attend and all Goods remaining undelivered ance when damaged antiable goods are after the 20th Mar, will be subject to
rent. examined,
All Claims against the Steamer must ...All' claims korint par M
before the 18th April, or they will not 30th April, 1830, or they will not be be presented to the undersigned on or
be recognised. E recognised,
us before tha
No Laurance will be affected. Bills of Lading will be countersigned by
WEBSEN & C6;
Hong Kong, 23rd March, 1989,
No Fine Inanratice will be erected,
BUTTERFIELD & SWIRE,
98rd March, 1988.
SERVICES CONTRACTUELS DES MESSAGERIES MARITIMES
CONSIGNEE NOTICE."
8.8. CHENONCEAUX " VA/39.
BRINGING CARGO Fox MARSEILLES via SAIGON, etc.
ARKIVED HONG KONG ON SUNDAY, THE 19TH MAR, 1839.
UNSIGNEES are hereby informed that their goods with the exception of Opiam, Tressurs and Valuables are being landed & stored into the Godown of the Hong Kong, Kowloon Wharf Godown Co., Ltd., Kowloon, when delivery may be obtained immediately after landing.
All claims must be sent in to me on or before the 29th Mar, 1939, or
will not two recognized. Why was the recoill be eraanned by the Company's Surveyor, Mesra Goddard & Douglas in the presence of the Consignees at 10.00 .or Satur day, the 25th Mar., 1939.
Consignees must have a Revenue Officer in attendance when any dutiable goods ars examined by the Company's
Surveyors.
No Fire insurance will be effected by as in any case whatever.
B. OHL
Agent, Hong Kong, 19th March, 1939.
CONSIGNEES' NOTICE.
THE BEN LINE STEAMERS, LTD.
FROM LEITH, MIDDLESBRO, ANTWERP, LONDON, STRAITS & MANILA.
Tax &S.BENYORLICH".
ONSIGNEES of Cargo are hereby informed that all Goods are being landed at their risk into the bamidous and/or extra hazardous Godowni of. the Hong Kong and Kowloon Wharf and Godown Co., Ltd., whence and/or from the wbarven Delivery may- obtained.
No Claims will be admitted after the Goods have left the Godowns and all Goods remaining undelivered after the 25th Mar., 1939, will be subiect to rent.
All Claims against the steamer must be presented to the undersigned on or before the 8th April, or they will not be recognized.
To comply with the General Bonded Warehouse Regulations, consignees
must have a Revenue. Officer in atten dance when damaged dutiable goods are examined.
All broken, chated and damaged Goods are to be left in the Godowns where they will be examined on the 23rd Mar, 1939, at 9 am by Messrs. Carmichael & Clarke,
by
No Fire Insurance has been affected. Bills of Lading will be countersigned R. LOXLEY & CO. (CHINA); LTD,
Agents. Hong Kong, 18th March, 1939,
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