HONGKONG DAILY PRESS
BANKS
HONGKONG AND
SHANGHAI BANKING
CORPORATION
Authorised Capital ........$50,000,000
THE CHARTERED
BANK OF INDIA, AUSTRALIA & CHINA
Ined & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 1833 Reserve Funds
Sterling £ 6,500,000
Proprietors
,$20,000,000
Head Ofce:-HONG KONG.
Board of Directors.
B.E. Currency Reserve $10,000,000 Paid-up Capital ...... £3,000,000 Reserve Liability of
£3,000,000 Reserve Fund Reserve Liability of Pro-
prietors.... £3,000,000 READ OFFICE! LONDON: 38 Bishopsgate - E.0.2. Sub-Agencies in London: 117/122. Leadenhall Street, B.C.3. West End Branch: 14/18 Cockspur Street. 8.W.1. Manchester Branch: 71, Mosley Street, Manchester.
Hon. Mr A. L. Shielde
W. H. Lasek, Esq.,
Chtirman.
Deputy Chairman.
J. K. Bourfield, Esq., A. H. Compton, Esq., Hon. Mr. 8. H. Dodwell,
D. F. Landale. Esq.,
G. Miskin, Esq.
K. 8. Morrison, Esq.,
Hon. Mr. T. E. Pearce,"
E. V. Wilkinson, Esq..
Sir Vandeleur M. Grayburn,
AGENCIES AND BRANCHES: 4102 STAR KARBIN PENANG AMRITBAN HONG KONG RANGOON BANGKOK ILOILO
SAICON
BATAVIA
NEREMBAN IPOH BONDAY KARACHI
SHANGHAI SINGAPORE KLANG
SITIAWAN BGURALAYA
CALCUTTA
CANTON
third Manager.
ADENCIES LOB
Branches:-
CLAVE TRAIT
Amoy
Ipoh
Penang
FAIRSI PLACH KUALA
Bangkok
Jabore
Rangoon
Batavia
Kobe
'Saigon.
CAWNPURZ
KUCHING
Bombay
Kowloon
San
CKBU
MADRAS
Calcutta
Kuala
Francisco
Canton
Chefoo
Colombo
· Lyons
COLOMMO
DELU: |T*13"HON® LAMBUKO
HANKOWA
MANILA
MEDAN
NEW YORK TRIPING
Dairen
Lumpur Shanghai
London Singapore
Malacca
Fonchow Manila" Haiphong Muar
Sourabaya
Sungei
Patnai Swatow
Uamburg (Johore) Tientsin Hackow Mukden Tokyo Harbin New York Taingtao Hongke Peiping Yokohama. Iloilo
in
LUMPUR. TAIPING
TIENT IN TONGEAR
(Bhuket) TSINGTAO YOKOHAMA
(Peking)
FOREIGN EXCHANGE and General "Banking Business transacted.
+
FINANCE
CANADIAN BALANCE OF
INTERNATIONAL
PAYMENTS
A SUBSTANTIAL CREDIT BALANCE on current secount, re- realtag a net outflow of c¤pital Trom Canada, continued to be the outstanding feature of the Canadian balance of kalernational payments, according to the estimate for 1938 recently issued by the Dominion Bureau of Statistics. The income of the Dominion from all external sources exceeded all the Curmant disbursements made by Canadians in other countries by the substantial surplus. of $188,800.600,»
This is the amount by which net | external receipts from merchandise, gold and the tourist trade surpass ed current payments abroad for Interest dividends, freight and other services.
BRAZIL'S NEW
BREAD
The Brazilian Department · ol Agriculture 'of is experimenting the mixture of rice with wheat four for making brend.
According to unofficial reports, the experiments have been based upon mixtures ranging from 5 to 15 per cent, and it was stated that the Rice Syndicate in the State of Rio Grande do Sul has offered to seil the Government 1,000,000 bags of rice at 75 per cent. below the
outdow of capital Outstanding official prices. among the changes in the capital The experimentations with the movements are the reduced outflow mixture of rice with wheat flour
NOTICE TO CONSIGNEES
OOBAN STEAM SHIP CO., LTD.
capital for the redemption of were stated to be part of a plan to Canadian securities from $177,- cut down on the importation of 900,000 in 1937 to $150,000,000, the wheat flour into Brazil. The principal changes in current change in the direction in the in- receipta during 1938, as compared the apparent increase in the pro- ternational trade in securities and
with previous years, were the cop- sequence of reduced credit balances portion of other capital movements. ! from merchandise exports and the
Net rett.ements were lower · as
tourist trade. The industrial re
the number of issues maturing m cession general during 1938 resul-1933 was less than in recent years, i ted in a reduction in the demand and, conditions being generally less for many leading Canadian exports favourable for re-financing than and generally lower prices so that in earlier years, there was also a the surplus from the trade in com- drop in the number of issues that CONBIONEN pec Co.'s Yonel modities declined to $180,500,000 in were called for redemption. The in- 1938, This compares with $213,300 ternational trade in securities gave 000 in 1937 and with the recent rise to a net. Inflow of capital in peak of $322,200,000 reported for 1038 in contrast to a small outflow
1938.
in 1937.
ཐ
AND
JHINA "MUTUAL STEAM NAVIGATION 40., LITE
"IXİON"
FROM SEATTLE, VANCOUVER
AND VICTORIA VIA JAPAN
to requested to take delivery of Flour and Lumber Shipments as soon as the vaasel is ready, to discharge and are Increased demand for Canadian ereby notified that if their Lighters are UNFAVOURABLE CONDITIONS
stocks from the United States and net placed alongside the vegrel E required, their Shipp ents of four will' Unfavourable business conditions from overseas countries other than be discharmed into Kowloon Whart& were also largely responsible for Great Britain was the principali odown Co. Godown and Lumber will the falling off in net receipts from source of the net inflow of capital be discharged into Holt's Wharf, Kow- the tourist trade to $149,000,000 45 | from the trade in securities. This loop, where the cargo will lie also ́nt
$170,300,000 in against
1937, demand was evident during most their risk and expense and subject to the although the total reported for 1938 months of the year including those Bolt's Wharf and/or Kowloon Whart Terms and Conditions of Storage at was higher than the correspond- | when International" unsettlement
Fleamer will commence discharge on ing Baure for any of the three was greatest. Less complete infor- the 4th April. years prior to 1937. These losses mation is available at this time were partially offset by the in- concerning the group of transas creased value of gold shipments tions classified as "other capital which, with the record omput of movements." 1838, rose to $158.500.000 as com- pared with $145,000,000 in 1937 and
which arise from the operations of These include those movements
General Cargo will be disebarged into Holt's Wharf, Kowloon, where it will lie at Consignees' risk and subject to the Terms and Conditions of Storage at Halth Wharf. The Cargo will be readĮ, after 4th April. for Delivery from the Godown.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or shorter perioda in Local or Other Currencica at rates which will be quoted on application Current Accounta opened
SAVINGS ACCOUNTS also opened in Local Currency and Fixed Deposits Local Currency and Sterling with received for one year or shorter interest allowed at rates obtainable periods in Local and other Cur-on application. rencies, on terms which will be The Bank's Head Office in quoted on application.
London undertakes Executor "and Net payments on current account Also up to date Safe Deposit Trustee business, and claims in 1937, amounting to $342,000,000 in 1938 were slightly smaller than covery of British Income Tax overpaid, on terms which may be for interest and dividend payments, ascertained at any of the Agencies | £20,000,000 for freight and 335,200;- investiments in branches or subel-Goods have left the vessel's Godown, and and Branches."
Boxes in various sizes, To Let.
Hong Kong. 13th Mar. 1839.
HONGKONG SAVINGS
BANK
The Business of the above Bank
is conducted by the HONG KONG
& SHANGHAI BANKING COR- PORATION.
Bales may be ob
tained on application.
B. A CAMIDGE,
Manager,
THE CHASE BANK
41
For the HONG KONG & SHANGHAI BANKING CORPORATION.
15. QUEEN'S ROAD CENTRAL
VM. Grayburn.
HEAD OFFICE;
Chief Manager.
**
18, PINE STREET,
NEW YORK.
Hong Kong. 25th Feb., 1839.
BANK OF EAST ASIA. An American Bank offering com.
LIMITED
Authorised Capital ....$10,000,000.00 Paid-up Capital 5,588,600.00 Reserve and Undivided
Profits
2,883,832.01
Head Ofee:--HONG KONG- No. 10 Des Voeux Road, Central.
Board of Directuras
Bir Shouson Chow, Chairman"
Li Kopa Chun, Esq. Li Lan Bang, Esq. P. K. Kwok, Esq. WongChuSoa, Esq. Wong Yan Tong, Esq. Kao Ying Po, Esq. Chan ChingShek, Esq. PangPingWah Baja.
Kan Tong Po, Esq., Chist Manager.
Li Tse Fong, Esq.," Manager.
Hrnek and A pamojan 2000
Kowbo
Penang
Bingapustu Bangoon Boorabaya Balgon Supłow Welbourne Bau Fran- Bygney to tai Nga
VADCOTIT OF
CON
Falarts
Lotiden
l'ombay
Caloctin
Hankow Fonolul
New York Beattle
Tobe
Peiping Shanghai
plate Foreign Banking Service
| $109,600,000 in 1934.
banks, insurance and trust com-
All broken, chafed, and damaged Gooda
are to be left in the Godowna, where they will be examined on any Tuesdays and and Noor within the Free Storage period. Fridays between the hours of 10.45 am.
No Claims will be admitted after the
all General Cargo mmaining nadeliversá rent. Flour will be subject to rent from after the 11th Apr, will be subject to day of landing.
ponies, concems in Canada falling eign direct investments in Canada in the category of British and for
and Canadian companies with direct
000 for other miscellaneous services, diaries in other countries. On the The total paid out on these a-pasts of the level of transactions counts, however, has been consta in 1937 and earlier years and taking tently smaller than the total re secount of known developments in All Claims against the Vessel must ceived on account of merchandise 1838 together with the detailed in-be presented to the Undersigned on di and gold shipments and from net formation already avaliable, the before the 25th Apr., 1939, or they will tourist expenditures in Canada, net outflow of capital under this not be recognised,
In 1938, the surplus amounted to head has been tentatively placed $188,800,000 as compared with $218,-by the Bureau at a higher level
than in 1937. 200,000 in 1937 and $308,500,000 in 1938.
REDUCED OUTFLOW
The capital account for 1938 also reveals a contraction in the net.
in the principal Markets of VALUABLE
the world.
Interest Rates on Application.
SAFE DEPUŠIT -BOXES
This Bank is entirely owned by THI CHASE NATIONAL BANK, New York, with Besources over U.S. $2,500,000,000.
D. M. BIGGAR,
Manager.
AMERICAN TRADE RELATIONS WITH
"
BRAZIL
it
MARKETS FOR U.K.
GOODS
Mr. Hudson Back From Trade Tour
میں
LONDON, April 5 (BWS)-Mr. R S. Hudson, Secretary for the De- partment
Overseas Trade. reached Croydon this afternoon, having flown from Stockholm, the last of the four northern capitals which he has visited in the past fortnight for trade talks.
་་
He will report to the Govern- The arrival in the United States ment on the results of his tour, early in February of a Brazilian with which he expressed himself mission headed. by Dr. Orwaldo as satisfied in an interview," He | Aranha," former Brazilian Ambas said he and other members of the sador to the United States and British Trade Delegation had been Every description of Banking now Minister of Foreign Affairs, impressed by the kindness and and Exchange business transacted, was an important event in the field hospitality with which they were Loans
granted on. approved of foreign trade and Latin Amert-received on their tour and the evi- securities.
can affairs..
dence they had found of goodwill Current Accounts opened in Local
While Currency and Fixed Deposits re-
information has been towards the United Kingdom. ceived for one year or shorter meagre, it is understood that the Mr. Hudson said he was convinc periods in Local and Foreign Cur-discussions already begun with ed all the countries he had visited rencies on terms which will be the representatives of our Govern- were valuable markets for British quoted on application.
ment will cover a broad field of goods. Bale Deposit Boxes To Let.
mutual interest, including KAN 'TONG PO,
pro- blems of exchange, trade. and na-
·Chief Manager.
tional defence. BANK OF CHINA ·
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
||
CONSIGNEES'. NOTICE.
THE BEN LINE STEAMERS, LAD
From LEITH, MIDDLESBRO', ANTWERP, LONDON AND STRAITS
No Fire Insurance will be effected.
BUTTERFIELD & 6WIRE,
Akerte. | 4th April, 1939.
(9-3)
CONSIGNEES' NOTICE. ·
THE BEN LINE STEAMERS, LTD
FROM LEITH, 'MIDDLESBRO, ANTWERP, LONDON,
AND STRAITS.
Tax 8.5. "BENMOHR"
THE 8.8. BENARTY.”
ONSIGNEES of Cargo are hereby TONSIGNEES of Cargo are hereby landed at their risk into the hazardous informed that all Goods are being informed that all Goods are being and/or extm hazardous Godowns of landed at their riak into the hazardous the Hong Kong and Kowloon Wharf and/or extra hazardons Godowns of the and Godown Co., Ltd., whenes and/or HONG KONG AND KOWLOON WEAR from the wharves Delivery may be Godown Conrair, Led., whence and/or
obtained. from the wharves Delivery may be obtained.
No Claims will be admitted after the Goods have left the Godown, and all Goods remaining nadelivered after the 7th April, 1989, will be subject to rent. All Úlaims against the Stamer must be presented to the Undervigued on or before the 21st April, 1939, or they will not be recognised.
To comply with the General Bonded Warehouse Regulations, consigases must have's Revenue Oficer in siten ance when ciamaged durable goods are examined,
All broken, shafed and damaged Goods are to be left in the Godown, what they will be examined on the 5th April a.m., by Mears. Carmichael 1939, at & Clarke.
No Fire Insurance has been affected. Bill of Lading will be scunterigned by
|
No Claims will be admitted after the Goods have left the Godowns and all Goods remaining undelivered after the 7th April, 1839, will be subject to
rent.
All Claims against the steamer must be presented to the undersigned on or before the 21st April, or they will not be recognized.
To comply with the General Bonded Warehouse Regulations, consignees mast have a Revenue Officer in atten dance when damaged dutiable goods are examined
Goods are to be left in the Godowns
All broken, chated and damaged. where they will be examined on the 6th April, 1938, at 9 Cuma cast. by Mears.
No Fire Insurance has been effected. Bill of Lading will be countersigned
W. R. LOXLEY & Co. (CHINA) L. R. LOXLEY & CO. (CHIWA), LTD,
Agents.
Agents,
Hong Kong, 1st April, 1989.
Hong Kong, 1st April, 1939.
(972)
*[273
BRITISH ECONOMIC DELEGATION FOR RUMANIA
Apart from the exchange pro- blem, of immediate concern to both countries, we have an in- terest in strengthening our trade LONDON, April 5 (T/Ocean)- position in Brazil which has been The British Government will threatened in the past few years send an English economic dele by barter agreements and more gation to Rumania in about a favourable terms offered by tota fortnight, according to a state- Htarian countries
ment made by the Secretary of the Brazil, in turn, is interested in Board of Trade, Mr. Oliver Stan- in China and connections in the obtaining credits for purchase of ley, In the House of Commons principal Commercial Centres of capital goods for speeding up her yesterday afternoon.
BANK
PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA)
Owing to our numerous Branches
the World, we are able to extend industrialization and defence pro- to our Clients special facilities for Domestic and Foreign Banking and Exchange:
Head Oficer SHANGHAI Hong Kong Branch;
4, QUEEN'S ROAD, 0. South China Offices:
CANTON SWATOW
KONGMOON ··· TOISHAN
Mr. Stanley announced at the gramme. Inasmuch as the relations sante time that the delegation have always been cordial and is to be headed by Bir Frederick
hope Leith-Ross..
friendly, there is reason to
that the conferences now under way will yield constructive results.
Whereas the nrst quarter or HONGKONG MINES 1838 revealed the unusual condil- tion for Brazil of a surplus of Messrs. Nellson Co. Inc. SHIUCHOW. KINGCHOW Imports, amounting $19,000,000 Managers for the Hongkong Mines, re-Limited, report 4897.4 short dry We also handle the issue of subsequent months brought a Bonds and other Public Funds of versal, caused both by a restric-tons of ore treated for the month the Chinese Government both at tion of imports and expansion of of March; from which 185.90. dry Home and Abroad.
exports, and October ended with tons of Lead Concentrates were a moderate favourable balance for produced, averaging 64,91 percent Manager: the ten months' period,
Lead and 15.80 oz. 8ilver per ton..
SHOU J. CHEN,
THE BEN LINE STEAMERS, LTD,
S.S. "BENMOHR "
Sailing for LONDON, ROTTERDAM, ANTWERP, HAMBURG and LEITH on about the 9th April, 1939.
Cargo will also be accepted on through Bill of Lading to the usual transhipment ports.
For Freight and Panage
to the agents
·84165
LOXLEY & CO., (CHINA) LTD. York Building,
THURSDAY, APRIL 6,
PRESIDENT
LINER
Sailings
FOR SAN FRANCISCO & LOS ANGELES
via SHANGHAI, KORS, YOKowama and HONOLULU
38. PRESIDENT COOLIDGE* Sails Apr. 10th 10.00 PM. SA. * PRESIDENT TAFT "
89. “PRESIDENT CLEVELAND “ 8.8. " PRESIDENT PIERCE “ 8.8. " PRESIDENT COOLIDGE" 8.8. * PRESIDENT TAFT”
Apr. 21st an 8.00 A.M. May 5th at 8.00 AM, May 19th at 6.00 A.M.
Juze. 3rd at 11. „Noo June 10th að 6,00 A.M.
AND FORTNIGHTLY THEREAFTET
FOR NEW YORK & BOSTON via SUES
Saila Apr 14th at 15. NooN Apr. 28th at 13" Noon
8.8. "PRESIDENT ADAMS, 8.8. PRESIDENT VAN HUREN "
AND FORTNIGHTLY THEREA
FOR MANILA
SB. PRESIDENT TAFT" 8.6.PRESIDENT ADAMS " SS" PRESIDENT CLEVELAND " B.S." PRESIDENT HARRISON”
Sails Apr. 14th at 1.00 AM.
Apr, 14th at 18 Noom Apr 28th at 1.00 AM. May 14th at 19 Nom
AMERICAN PRESIDENT LINES
ROUND WORLD SERVICES
12, PEDDER ST.
Triestina
lloyd
'FEL. 28171.
FORTNIGHTLY
EXPRESS SERVICE
FAR EAST-INDIA-ITALY
Hongkong-London 23 days Hongkong - Italy
21 days
SCHEDULE OF SAILING FROM HONGKONG
TO MANILA, SINGAPORE, COLOMBO, BOMBAY, EGYPT
& ITALY
TO SHANGHAI
8.1. "CONTE VERDE" 7th Apr. 1* "C. BIANCAMANO” siri. Ápr.- BB: "C. BIANÇÀMANO""28th Apr, | as "CONTE ROSBO* 5th May, ** "CONTE ROS80” 19th May } m.v. "VICTORIA", 10th Kay m.. "VICTORIA”. 27th May "CONTE VERDE" and Jupe aa. “CONTE VERDE" 9th June **C. BIANCAMANO" 25th June
LLOYD
TRIESTINO
P.O. Box 143. Tel. Address "Lloydiano-Telephones as Passenge
32683 Freight
HAMBURG-AMERIKA LINIE
Far Eastern Mail, Passenger & Freight Service
Through hooking to America via Europe and Europe via America. Bookings around the world..Through bookings to London.
OUTWARD SAILINGS m.v. "KULMERLAND" for Shanghai, Dairen, Taku,
Tsingtao, hama., Kobe, Orała 11th April NORDMARK"... tur Shai, Dairen, Kobe, Y'hama, 1
16th April
*m.v. "DUISBURG”.
" for Shanghai, Dairen, T'hama,
Kobe, HOMEWARD SAILINGS
6th May
* us. “OLDENBURG"...Genoa, A'warp, R'dam B'bog....18th April "RAMSES.....for Genoa, Antwerp, H'dam, Bhurg 26th April *ELY. "KULMERLAND” for Genon, R'dam, Bamburg
* Freighter with Faaseriger Ancommodation.
For further parbonlarn sind passage fares, etc. apply to ~
HAMBURG-AMERIKA LINIE
JEBSEN & CO., AGENTS.
15, Pedder Street. Tel. 81205—6.
7th May
CANTON AGENTS: CARLOWITZ & CO., Bhakoo Road.
MAERSK LINE
Fast regular PEEIGHT-and PASSENGER SERVICE
SHANGHAI and JAPAN
LOS ANGELES, PANAMA, NEW YORK, BOSTON - PHILADELPHIA & BALTIMORE,
►
If sumcient inducement offers also other parts of call,
Arrivals from USA, CA
· 6th April
22nd April
1st May
AMV "ANNA MAERSE”
3.V. “IVARAN!
M.V. "NIEL MAERSK
Sailings to USA
7th April
27th May
All dates are subject to alteration without notion.) EXCELLENT ACCOMMODATION FOR PASSENUE98.
ÁT MODERATE RATES,
For Freight and Passage planse apply;
JEBSEN & CO
Canton Shameen, B.C.
Agente Hong Kong Fedder Building Tel: 10316
Tal, 31205-6. Swałow Agents: GEBR ROESE Tel. 1658,