MUNGKONG DAILY
PRESS
BANKS
SHANGHAI BANKING
HONGKONG AND
CORPORATION
Authorized Capital
........$50,000,000
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA
H. K. STOCK
EXCHANGE
As the daily reports have shown, the market during the week has been overshadowed by the Euro- ! pean political situation. With the exception of HK. Banks, the week's ? turnover baš been smali WELC prices have tended to give way,
Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 1853 | As, however, Board Trading keeps
Beserve Funds:
Starling
...........£5,500,000 Paid-up Capital H.K. Currency Reserve $10,000,000 Reserve Fund Reserve Liability of
Proprietors
Head Office:-HONG KONG
Board of Directors. Hoa, Mr. A. L. Shields,
W. H. Lock, Eaq..
Chairman.
Deputy Chairmas.
J. K. Bousfeld, Esq, A. H. Compton, Esq., Hon. Mr. S. H. Dodwall,
D. P. Landale, Esq.,
G. Miakin, Esq.,
E. 8. Morrison, Esq..
Hon. Mr. T E. Pearos,
H. V. Wilkinson, Esq.,
Sir Vandeleur M. Grayburn,
Chief Manager.
Reserve Liability of Pro-
market „operations open,“ holders £3,000,000 } are not harassed by rumours of £3,000,000 | what has, or has not been done, but are kept ported, as to actual
prietors....... ‚£3,000,000 } business rutes. The result is that
HEAD OFFICE: LONDON: 38, Bishopsgate E.C.2. Sub-Agencies in London: 117/122, Leadenhall Street, E.0.3.
West End Branch: 14/16, Cockapur Street, S.W.1. Manchester Branch:
71. Mosley Street, Manchester.
AGENCIES, AND BRANCHES: ALOE STAR HARBIN PENANG AMRITSAR HONG KONG · HANGOON BANGKOK
ILOILO
SAIGON ІРОН
BEREMBAN BHANGHAI SINGAPOR SITIAWAN
BATAVIA
BOMBAY
GAL QUETA
KARACHI
KLANG
AQINCLES KORE
CLIFE STREET
ALLIE PLACE KUALA
CANTON-
TONGEAN
(Bhukes)
Amoy
Branches:— Ipob
LUMPUR
NOURABAYA. TAIPING
Penang
Bangkok
Jobore
Rangoon
DAWNORI
KUCHING
TIENTSIN
Batavia
Kobe
Saigon
CEBU
MADRAS
COLOKRO
MANILA
Bumbay.
Kowloon SAD
Calcutta
Kuala
Francisco
DELHI
MEDAN NEW YORK
Canton
Chefoo
Colombo
Lyons
Dairen
Malacea
Sourabaya Sungei
+4
Lumpur Shanghai
London Singapore
Foochow Manila
-Patani Swatow Baiphong Muar Hamburg (Johore) Tientsin,, Hankow Mukden Tokyo Harbin New York Tsingtao
Yokohama Hongke Peiping Iloilo
נן
HALPHONO HAMBURG HANKOW
PRIFING
(Peking)
M
TRIXOTAO YOKOHAMA-
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT. ACCOUNTS opened and FIXED DEPOSITS received för One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application."
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.
Current Accounts opened in Local Currency and Fixed Deposita received for one year or shorter periods in Local and other 'Cur- The Bank's Head Office is rencies 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 Tax Boxes in various sizes To Let. overpaid, on terms which may be ascertained at any of the Agencies and Branches.
Hong Kong, 13th Mar. 1939.
HONGKONG SAVINGS
BANK
The Business of the above Bank
is conducted by the HONG KONG
R. A. CAMIDGE,
Manager.
THE CHASE BANK
& SHANGHAI BANKING COR- 15, QUEEN'S ROAD CENTRAL PORATION.
Rules may be ob
tained on application.
For the HoNO" Kong & SHANGHAI BANKING CORPORATION,
V. M. Grayburn,
Chief®Manager.
Hong Kong, 28th Feb., 1939.
BANK OF EAST ASIA,
LIMITED
Authorised Capital ....$10,000,000.00 Paid-up Capital ........
5,596,000.00 Reserve and Undivided
Profits * 2,883,932.01
Head Office:-HONG KONG
No. 10 Des Voeux Road, Central
+
Board of Directora:
Bir Shouson Chow, Chairman
Li Econ Chun, Esq. Li Lan Bang; Eng. P. K. Kwok, Esq. WongChuSoa, Esq. Wong You Tong, Esq. Kan Ying Po, Esq. ChanChingBhek, Esq. FangPingWan Eng.
Kan Tong Po, Esq., Chia! Hanager. Li Tee Fong, Esq., Manager.
Amoy Balkris Bombay
Conta Haiphong Hankow Houdinis Zobe
Branches and Agencies:-
Kowloon Penand
London
Manila
Singapore
Rangoos Bourabaya Zalgon Bwtow Kelbourne Bass Fran. Eydney Nagaoka
laco Tiental New York Beattle Vancouver Bemarang
Pariz
Peiping Thangbil
HEAD OFFICE:
18, PINE STREET,
32 NEW YORK.
An American Bank offering com- plate Foreign Banking Service in the principal Markets of
the world.
Interest Rates on Application,
BAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHABI NATIONAL BANE, New Your, with Resources over U.B. $2,500,000,000.
D. M. BIGGAB,
Manager.
THE MERCANTILE BANK OF INDIA, LIMITED
Head Ofcd-15, Gracechurch Street. London, E-CA
Authorised Capitat
Suberelted Capital
Paid-up Omplai
Kawerve. Pond "und „flest,
BANKERS:
The Bank of England and Midland
Bank, Ltd.
whilst prices are apt to mag in the absence of sustained, enquiries, any recession has" not "deen" brought about by over anxious holders,
BUSINESS DONE DURING THE WEEK Hongkong Bank, $1350, $1340, 31330. $1335, $1375, $1350, $1340.
Canton Insurance, $225. Union Insurance $480, $470, $465. Hongkong Fires, $195.
Docks $191, $19, $18), $17.90, $17),
$174. Providenta
(Old) $5.90, $5.40,
$545. Hotels, $8, $5.65.
Tramways $16.90, 416, $16.10. Yaumati Ferries (Old) $25.30. China Lights. (Old) $8.70. Electrics $55).
Sandakan Lights $11.10, $104. Dairy Farms C. div. '$24,90. Dairy Farms ex div. $23.65.- Watsons $9.
Vibro Pilings c. div. $7.20. CLOSING QUOTATIONS 4'P.M. (CHANGES) BUYERS
Hongkong Bank, $1350. Union Insurance, $467).... HK Docks, $174.
H. & S. Hotels $54. ' HK. Tramways," $16.10. China Lights (New) $54. Sandakan Lights, $111. Canton Ices, $1. Entertainments, $6). "
HK, Govt. 4% Loan 4% prem HK. Govt. 34% Par.
2.
SELLERS
Union Insurance, $470. Watsons, $9.10. Vibro Piling e, "div"$6.30;
SALES
Hongkong Bank, $1350. Union Insurance, $470,
H.K. & K. Wharves $117 cum div. H.K. Docks, $17).
H. & 9 Hotels, $54.
H.K. Tramways; $18:10,
China Lights (New), $535. H.K. Electrics, $551. Marsmans (H.K.), 5/-,
Philippine Gold Mining Quotations on Friday, March 24 Antamoks Atoks
Bastio Gold
Benguet Consol........... Coco Grove Consol. Mines Demonstrations 1. X. L
Paracate Guma us
Ban Mauricio
Suyor Consol,
United Paracales
Market Comment.-Steady.
HONGKONG
41 384 201
FINANCE
WEEKLY RETURNS AND REPORTS
· BANK OF ENGLAND
London, Mafch 23 (Reuter). Mar. 18 Mar, 23
SATURDAY, MARCH 25, 1939-PAGE 13
PRESIDENT LINER
Sailings
FOR SAN FRANCISCO & LOS ANGELES
via SHANGHAI, KOBE, YOKOHAMA and HonoluLU- *8.8. * PRESIDENT PIERCE"
PRESIDENT COOLIDGE" 8.8 " PRESIDENT TAFT *
Sails Mar. 19th sù 400 P.M.
Public Deposits Other Deposits:-
Banters
Other "Accounts TOLAI
Other
Total
Notes and Coins
Total Bullion
Notes in circulation
*
10,530
28,800
106,470
*: 92.210
$35.550
35,710
142,020
127,920
Clavernment Securities
97,530
99,410
her Securities:-
Discounts and Advances
1710
Securities
21,700
3,180 €22,490 ·
88.
29,410
25.810
40.840
*0.730
277,680
227.340
BB." PRESIDENT CLEVELAND"
477,250
477,410
31.66%%%
3177
6.8. "PRESIDENT PIERCE " B.S." PRESIDENT COOLIDGE"
"
* OMITS SHANGHAI
›
New York, Mar. 23 "(Reuter), Mar. 16 Mar. 23
(000's omitted)
1,000
US Securities held
*2,584,000
Federal Reserve Ratio
84.36%
Federal Reserve Credit Outstanding Monetary Gold Stock
2,595,000
14,983,000
Industrial Advance
14,059,000
1,000 €2,364,000 14.58% 2,573,000 15,075,000 14,091,000
Ratio of Reserve to Liabilities
FEDERAL RESERVE SYSTEM
Bills Bought
15 COMPANIES IN BRITAIN DEPENDS
- ACTION
Film Insurance Involved
J
"
ON CHINA'S
TRADE
A lengthy article on trade. rela- tions between Great Britain and China appeared in a recent edition of the "Financial Times,"
Intricate" questions of insurance] against losses on film productions
"The Chinese Ambassador, Dr. will be discussed when a series of Que Tai Chi, spoke on the vital actions are brought by the West-; need to open trading relations minster Bank Ltd. against 15 - when he addressed the Chamber surance companies.
of Commerce in Sheffield," the The first "case will probably be paper stated. "He thought that heard by Mr. Justice Branson on the future would show what the April 18 The companies named past had proved, that on the as defendants are: The Union In-balance, China was Great Britain's surance Society of Canton; Liver-greatest potential customer. pool Marine Insurance Co.: Cen- "That was bound to be so, not tury Assurance Co.. Northern As-only because their needs and ser- surance Co., Ltd.; British General vices were mutually complementary, Insurance Co. British Oak In-and not only because they had surance Co.: Indemnity Marine In-tested each other's characters, but Aurance Co.: the London Assurance also, because they had tried out Co: General Accident, Fire and each other's attitude. Life Assurance Corporation: Swit- "The threat to the Open Door" zerland General Insurance Co.; Sea principle was a threat to the very Insurance Co.; Guildhall Insurance lifeline of British prosperity, not Co. Canton Insurance Office Ltd.; Triton Insurance Co., Ltd.; Rail only in the interests of maintain- ing treaties intact, but in asserting Brothers Insurance Co., Ltd.
the right of full trade"
The actions arise, out of the practice of Insuring banks against losses on loans advanced to film CONSIGNEES' NOTICES producers. The total sum In- volved is believed to be something under £1,000,000,
Counsel have already been re- tained. The solicitors for "the Westminster Bank are A. Bright and Sons, George-street, E.C., and William A. Crump and Son, of Leadenhall-street, E.C.. are 112- structing counsel for the defence.
AND
LTD.
NOTICE TO CONSIGNEES
OCEAN STEAM SHIP CO
CHINA MUTUAL STEAM NAVIGATION CO., LTD.
VONSIGNEES per Co.'s Tessel
'BURYBATES"
FROM NEW YORK VA MANILA are hereby notified, that their Cargo be discharged into Holt's Wharf, Kowloon, where it all is st
MOTOR FUEL MADE|-3 1270 FROM VEGETABLES
42
00.3
151
62
Designees risk and subject to Terms
Bad Conditions of Storage at Holt's A motor-car that produces its Wharf. The Cargo will be ready for own fuel by "grazing on vegetables Delivery from Godown on, and after
and digesting chips of wood" has gnd Mar. 17 been developed by- a
205 Japanese, Mx. Akishige 191 sumoto.
72
SHAREBROKERS'
ASSOCIATION
Volume of Business Transacted on Friday, March 24
23,00,000
1,80,am
€2.054jono 21,247,880
Electricz
-100 $55.50
Hotels
: 3,000
5.50
BRANCHES:
Hotels
300
5.60
Trams
500
16.10
Ipok
V-dru
Krentar
New York
Trans
300
10.15
Kandy
Penang
Karach) Kota Bharu,
Hangoon
Ching-Lights (0)
1,500
8.10
Shangha
China Lights (N)
1,160 5.35
Galia Hongkong
Sonia Lipa
Bipla
Kuala Lumpur
Singapore
China Lights (N)
1,000 5.50
Kunda: Trengganu
500 1,000
250 5.45 5.50 Ps.40 4,000 P4.231
Bangkok Bombay Every description of Banking Caletta and Exchange. business transacted. Colombo Loans
granted
OX Approved D securities
Current Accounts opened in Local How Currency and Fixed Deposita re-
HONGKONG BRANCH.
enived for one year or aborter Every asscription of Banking and Exchange periods in Local and Foreign Curines transtedt
Ivellers Chaqu'es fepted,
UNDERTAKEN.
rencies on terms which will be TRUSTEE AND EXECUTORSHIP quoted an application.
Bafe Deposit Boxes To Let
KAN TONG PO.
Chief Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
i
BANK
Providents (O), Providents (0) Antamoks Itogona
"다
**CURRENT Local Our
PARA FLAND DEFORTIS red red is Local BUSINESS CONDITIONS that may be ascertained on application. Curren07, STEBLING & U. 8, DOLLARS on tagma
D. BENSON,
4.
Manager
IN CANADA
young Optional cargo will not be landed here Mat-loss Notice has been given pinor to Steamer's arrival, but carried on from port to port to the final port, of oil to Expected to revolutionize the which the option extenda. motor Industry, apparatus for producing "botanic fuel"
All broken, chafed sed damaged Goods will are to be left in the Godowia, whers they will be examined on say Tuesdays
be manufactured in a plant soon to be established near Boochow and Fridays between the hours of 10,45 13. and Noor with the Free Creek, the "Shanghai Mainichl,"
Storage period jago sald.
No Claims will be admiffed after the With Mr. Matsumoto's apparatus, | Goods have left the Steamir's Godowa, there would not be much difference and all Goods remaining undelivered except in speed between the trek after the 99th Mar., will be subject
To-Rent, of a dorikey train and a fleet of motorized vehicles, both stopping to feed on plants along the way, according to the journal,
All Claims against the Steamer must be presented to the Undersigned on or before the 12th Apr., or they will not be recognised.
NoTira Yakrknee will be affnetač “%,
BUTTERFIELD & BWIRE.
Agents.
CONSIGNEES' NOTICES March, 1929
MARISK LINE
NOTICE TO CONSIGNEES
THE MACADIA having arrived from New York and
NOTICE TO CONSIGNEES
OCEAN STEAMSHIP CO., LTD, AND
CHINA MUTUAL STEAM NAVIGATION CO., LTD.
CONSIGNERS per Co.'1 Tesse!
PRILOOTETES
Porta of call Consignees of Cargo" are] hereby notified that their goods are Candian business conditions as being landed and placed at their risk into FROM UNITED KINGDOM reflected in the widely represen- the Hong Kong and Kowloon Wharf &
vi£ SINGAPORE CANADA & URANIUM tative index of employment show Godown Company's godowns, at Kow
ed less than the usual decline foun, where delivery may be obtained as are hereby notified that their cargo MARKET
soon as the goods are landed. Penger will be discharged into Holta Wharf Fat the opening..... of $1939. The
Optional cargo will not be landed Kowloon, where it will he at conmignees The discovery of radium. has seasonal loss of employment was here, unless notice has been given 48 rk and subject to terms, and condi placed Canada. in a prominent also less than at the opening of hours prior to vessel's arrival, but tions of storage at Holt' Wharf. The PAID-UP, CAPITAL $40,000,000.00,
position in the world uranium 1938. Bank clearings for the Arst carried on from port to port to the Anal Care will be ready for delivery from (BRANCHES ALL OVER CHINA)
market, as well as in the supply of three weeks of 1939 were like port of call to which the option Godown on and after 23rd Max.
extends. one of the most important modern wise higher than in the previous Owing to our numerous Branches adjuncts of medical science. year.
No Claims will be admitted after here, unlear notice has been given prior Walls December failed to the Goods have left the fiodowas, and to steamer's arrival but carried on in China and connections in the Uranium has long been used in the maintain, the improvement obal Gooder remaining undelivered, afer from port to post to the final port of principal Commercial Centres of the World, we are able to extend ceramic industry, both on this served in the two previous months. the 30th Mar., 1989, will be subject to call to which the option extends.
Al broken, chafed round damaged 26 the conditions in. the haric Indus Bent to our Clients special facilities for continent and abroad,
are to be left in the Godowns, Domestic and Foreign Banking and colonting agent in the production of try, or agriculture were favour“
they will be mined on any Exchange
certain shades of yellow and deep | äble,za orange in glazen and ginas, CRITE Iran and steel production
hour of
Head Office: SHANGHAI
Hong Kong Branch;
4, QUEEN'S ROAD, O. South China Oficer:
CANTON SWATOW
KONGMOON TOISHAN
SHIUCHOW KINGOHOW
All broken, chated, and damaged Gooda are to be left in the Godowns, whore
Optional caree will not to landed
they will be examined on 29th Mar 1930- Whers and Frames but can the
the free storage perioditted after the
No claims will be
Warehouse Regulations comagnees Goods have left the steamer'a Godown, must have a Horense Officer in attend- and all Goods remaining undelivered examined. ance when damaged dutiable goods are after the 30th Mar,, will be subject to
All claims must reach me before the
Canadian uranium is produced ed decreases but - prices firmed. | Goddard & Douglas by the Eldorado Gold Mines Limited |- Automobile sales rose in the last To comply with the General Bonded at its refinery at Port Hope, On three months of 1938. - December fazio, in the process of extracting bank debita recorded's gain "over radium from the pitchblende de- November after seasonal adjust posits of the company at Great "ment" as did the inder for con-
All Claims against the Stonier muĘ We also handle the mue of Bear Lake in the North West Ter tracts awarded in the construc- 30th April, 1939, or they will not be be presenteds to the undersigned on or before thé 19th il pril, de, köty, will mes External trade : recognised, Bonds and other Pablo Funds of ritories. Both radium and mankum tion industry.
No Immanes wil the Chinese Government bath at were previously simplied almost was still on a low level and cont
Bills of Lading wil Home and Abroad.
entirely from Belgian sources; but | tinues to exert "at" - unfavourable Canada is nów sa important com- "Influence on business within petitor in both fročtiéta,
Dominion,"
SHOU I CH
the
Hong Kong, Fiet
“BUTTERFIELD * SWIB
3rd March 1990.
via SUKS
Aphr.' 10th as 8.00 AM.
Ápr. lat at 800 A.M
May 5th at 8:00 AM. May 19th at 6,00 AM/ June 3rd at 13 NOON
Saila Mar. 29th at 9.00 EM.
+2
Apr 14th at 12 Nook
AND FORTNIGHTLY THEREAFTER
FOR NEW YORK & BOSTON
9.8. * PRESIDENT MONROE "- 8.8. PRESIDENT ADAMS"
AND FORTNIGHTLY THEREAFTER.
FOR
S.S.PRESIDENT TAFT '
8.8. "PRESIDENT ADAMS *
MANILA
5.9.
PRESIDENT COOLIDGE"
Sails Apr. 3rd at
Apr. 14th at 1.00 A.M.
Apr. 14th at 12 Noor
S.S." PRESIDENT OLEVELAND · ·
Apr. 28th at 1.00 AM.
AMERICAN PRESIDENT LINES
ROUND WORLD SERVICES
TEL: 28171.
12, PEDDER ST
Priestina
floyd
FORTNIGHTLY
EXPRESS SERVICE
FAR KAST-INDIA---ITALY
Hongkong-Loudon 23 days Hongkong-Italy- 21 days
SCHEDULE OF SAILING FROM HONGKONG
TO MANILA, SINGAPORE, COLOMBO, BOMBAY, EGYPT & ITALY
25th Mar. IB.V. "VICTORIA" LA "CONTE VERDE 7th Apr. 11. “C. BIANCAMANO” 20th Apr.
"CONTE ROSSO" 19th May. m.v. "VICTORYA": 27th May
TO SHANGHAI
2.5. "CONTE VERDE 81st Mar. 14. “C. BIANCAMANO” sard Apr. 8.3. "CONTE ROSSO" 5th May. 20th May. m.r. "VICTORIA”. 5.5. "CONTE VERDE" 2nd June
LLOYD TRIESTINO
P.O. Box 143. Tel Address "Lloydiano"-Telephones”
22382 Passinge 32983 Freight
HAMBURG-AMERIKA LINIE
Far Eastern Eail. Passenger & Freight Service
P
Through hookings to America via Europe and Europe via America. Bootings around the world. -- Through bookings to London.
Kobe
OUTWARD SAILINGS *m.7. "RAMSES". ......for Shanghai, Dairen, 'hais,
....29th Max. m."KULMERLAND' for Shanghai, Dairen, Taku,
Taingtao, I hisma, Kobe, Oaks 8th April ' NORDMARK”.
"................. for S'hai., Dairan, Kobe, Y'bama,
serraromás mikeanj aku lēti ápril· HOMEWARD SAILINGS
M.T. "BURGENLAND" for Genos, E'dam, Hamburg... 29th Mar. "OLDENBURG”.....Geżios, A'warp, R'dam Bbng....sad April .." RAMSES......for Genos, Antwerp, R'dam, B'burg 25th April
* Freighter with Passenger Accommodation.
LOS
For further particulars and passage fares, etc. apply to --
HAMBURG AMERIKA LINIE
JEBSEN & CO., AS.
12, Pedder Street, Tel. 31206-6.
CANTON AGENTS: CARLOWITZ & CO., Shakee Road.
MAERSK LINE
Fast regular FREIGHT and PASSENGER SERVICE
SHANGHAI and JAPAN
ANGELES, PANAMA, NEW YORK, BOSTON
PHILADELPHIA & BALTIMORE.
If intrident Indinsiment offere also other ports of call,
Arrivaða from USA.
4th April 19th April fet May
MYMARÜHEN MAERSK ".
WV. ANNA MARRSK" 3.7.-"IVARANKATALA
LYNIEL MARBOK
Ballings to U.B.A
17th Mar
17th April
(All dates are subject to alteration without notice.) -// EXCELLENT ACCOMMODATION FOR PASSENGERS AT MODERATE RATES,
JEBSEN & CO
110918, -
watow Ageuth ALBR BORSE.