HONGKONG DAILY PRESS
BANKS
HONGKONG AND
THE CHARTERED
SHANGHAI BANKING BANK OF INDIA,
CORPORATIONTM
Authorised Capital .......$60,000,000
w
AUSTRALIA & CHINA
27
Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1833
Beserve Fundi:
Sterling
Propristors
£ 6,500,000
་་
H.K. Currency Reserve $10,000,000 Paid-up Capital... £3,000,000 Reserve Liability of
Reserve Fund ......... £3,000,000 $20,000,000 Reserve Liability of Pro-
'priators...... £3,900,000 HEAD" OFFICE: LONDON: 38, Bishopsgate E.0,2. Sub-Agencies in London: 117/122, Leadenhall Street, EC.3.
Head Ofce-HONG KONG
Hon. Mr. A. L. Shields,
Board of Directors.
Chtirman.
Deputy Chairman.
W, H. Look, Esq.,
J. K. Bousfeld, Esq., A. E. Compton, Esq., Hoo MrSH. Dodwell,
D. F. Landale, Esq.,
G. Miskin, Esq.,
K. S. Morrison, Esq.,
Hon. Mr. T. E. Pearce,
ET. V. Wilkinson. Eng...
Sir Vandeleur M. Grayburn,
West End Branch: 14/16. Cockspur Street, S.W.1..
Manchester Branch: -52,-Mosley Street.-Manchester, 2-
AGENCIES AND BRANCHES:
ALOR STAR HARBIS
PENANG
AMRITSAR HONG KONG RANGOON
ILDILO
SAIGON
{PUB
KARACHI XLANG
CALCUTTA
AGENCIES: KOB
Clara StarHT
FALI PLACK KUALA
CANTON
BANGKOK
HATAVIA
Chief Manager
BOMBAY
Branches:
Amoy
Ipoh
Peandg
LUKPDR
Bangkok
Johore
Rangoda
KUCHING
"Batavia
Kobe
Saigon
4
CIBU
→
MADRAS
Bombay Calcutta
Kowloon San
Kuala
Francisco
COLOMAC DELFI
MANILA
MEDÄN
Canton
L
Chefoo
Landop Singapore
HAIPHONG HAMBURG HANKOW
NEW YORK PEIPING
Sungei
Lumpur Shanghai
Colombo Lypos Sourabaya
Malacon Dairen Foochow Manila Pataci
Swatow Haiphong Muar
Hamburg (Johore) Tientsin Hanko Mukden Tokyo Harbin New York Tsingtao
Yokohama Hoogkew Feiping Iloilo
Current Accounta opened in Local Currency and Fixed Deposite 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 Business of the above Bank in conducted by the HONG KONG SHANGHAI BANKING COR- PORATION. Rules may be, ob- tained on application...
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
5,588,600.00 Reserve und Undivided
Profits
2,887,939.01
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Director:
Bir Shouson Chow, Chairman Li Koon Chun, Eaq. · Li Lan Bang, Esq. P. K. Kwok, Esq. WongChuSon, Enq Wong Yun Tong, Esq. Kan Ying Po, Esq. ChanChingShek, Esq. FungPing Wab Erg.
:
Kan Tong Po, Esq., Chief Manger.
Li The Fong, Eng., Manager.
Amoy Batavia
Bombay Caloutta phoen
Hankow
Honolulu Zaba
Branches and Agenoles ---
Manila
Kowloom Penang Singapore Louse Rangoon Barbays
Badzon Awwow Kelbourne San Fran Bydney Magaska giace Tiantain
Seattle Уаностиче Bemarang
New York Paris Palping
Shangbal
DAWNPORE
(Peking)
SEREMBAN SHANGHAI BINGAPORE
SITIAWAN SOU RAHAYA
TAIPING
TIENTSIN
TONGKAN
(Bhuket)
TSINGTAO YOKOHAMA
FOREIGN EXCHANGE, and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for Oce 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 obtainible on application.
The Bank's Head Office in 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,
THE CHASE BANK
H. K. STOCK
EXCHANGE
Trading to-day was on a small scale, coupled with a rather sub- dued tone. · Prices, however, show- ed no algra" of "sagging and the deals reported were either at quot- ed' rates or slightly better than those ruling at the opening,
BUYERS
Hongkong Bank $1350. Canton Ins., $230.;
Union Ins., $435. H.K. Fires, $180. H.K. Wharves, $106). H.K. DOCES $174. Providents. $4.60. HK Lands, '$94. Humphreys, STI. H.K. Realties, $4.30. HK. Tramways; $18). Star Ferries, $68. China Lights (0), $8.40. China Lights (N); $5.30- Sandakan Lights, $11.90. Telephone (0), $231. Canton Ices, $1.
Cements. $12.
Dairy Farms Ex Rights, $21). Dairy Farms Rights. $15. Mitsons, $7.85.
Wing On HK., $41.
Entainments, $8.
EK. Govt. 4% Loan 31% pan. HK. Gort. 3% Loan par.
SELLERS
Canton Ins., $235. Union Ins., $440. HK, Docks, $17,90.
Providents, $43.
HK. Hotels, $5,85.. H.X. Lands, $35. H.K. Realties, $41. HK. Tramways, $16.60. China Lights (N), $5,80. Sandakan Lights, $124. Telephone (0), $23.90. Cements, $131. Watsons, $8
SALES Hongkong Bank, $1355. Humphreys, $7.90.
HK. Tramways, $16.60. China Lights (0), $3.60. Electric HK., $564.
PHILLIPPINE MINING QUOTATIONS
Antamoks Atoks
Centavos
27
Manager.
30
Baguio Gold
24.
Benguet Consol.
11.70
Coco Grove
351
Demonstrations
13
52
1.08
15+
58
22
15, QUEEN'S BOAD CENTRAL
HEAD OFFICE:
18, PINE STÉLET,
NEW YORK.
An American Bank offering com- plete Foreign Banking Service in the principal Markets of the world. Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by Tai CHASE NATIONAL BANE, New Youx, with Resources over U.S. $2,500,000,000.
THE
D. M. BIGGAR
Manager.
MERCANTILE BANK OF INDIA, LIMITED
Head Ofces-15, Gracechurch Street, London, E-C3
Authorised Capital
Subscribed Caplin Pridor - Capital
Komrve Fund kad Bentl
BANKERS:
L X L
San Mauricio Suyoc
United Paracales Itogons
North Camarines
HONGKONG
SHAREBROKERS'
“ASSOCIATION
on Tuesday, May 16, 1939. HK Banks ....... 10 $1,355.00 Electrics Lards Telephones
100
58,25
200
34.50
(0)
100
23.75
China, Lights (0)
Marsman (H.K.)
Itogons
300 500 18.000 2,000
8.60
4/- Ps. 0.231 Ps. 0.37
Coco Grove
PHILIPPINE GOLD MINING.
QUOTATIONS
FINANCE
CHANGSHA RESURRECTED:
...
REBIRTH OF RUINED CITY
CHANGSHA, May 14 (Cen- tra)-"If there is anyone who questions the honesty of the Chinese, people, their inherent strength, their fortitude and their valor. he need only see for himself the rebirth of Changsha three months after the big fire and realiza the greatness of China."
This statement was made by Dr. P. E Greene, Superin- tendent of the American Yale-
and one connecting Changaha with the principal towns along the Yuan River in western Hunan.
SPIRITUAL FOOD
With the gradual resumption of business conditions in Changsha,! there is a recrudescent need for "spiritual food." Appearing like mushrooms at all prominent street corners are "wall newspapers.
end of tablold appeared at the last November. Then three 'more dallles made thel debut. The In-Changsha Hospital, who People's Dally was expanded to the stuck to his post during the
regular size on Feb. 20 after its conflagration last November, to circulation Jumped from 2,000 to a Central News correspondent.
8,000 and sometimes 10,000. One week after the inferno. Menfbers of the Sixth Bureau of Changsha was in ruins. With debris, the Political "Affairs Board of the strewn all over the once modern National Military Council, under and prosperous city,, one could not the direction of China's wellknown! tell the streets from the houses. playwright, Tien Han, also earn w Crumbling walls stood like severed Hon's share of the credit for the limbs in all shapes and directions, spectacular recovery of Changsha, Telegraph poles -rested discon- They first published a daily inform- solately on the ground. Telephone ing the populace of what was going wires, burned to the care. curled on. Later they formed two dramatic up here and there. Living in troupes--one Peiping opera and Changsha then was like making one Hunan opera-to whip up the
to and a dream tour through the ruina of people's patriotism
tertain them. Several social meetings the City of Pompell.
However, Changsha was resur- have been staged by them for the rected three months afterwards. armed forces and civilians, "Con- Not only that, Changsha is livelier tribution sales" were and more lovely than it was berore, cach netting over $1,000. especially to one who has justi returned.
BELIEF EXPENDITURE
It is estimated that the money expended by the Government,on] relief in Changsha has exceeded $1,500,000 Having received succor. the refugee got together and decid" ed to re-establish several bazaars. Construction work was started, and at present rows of neat looking wooden shop buildings line the main streets of the city where dally necessities of all descriptions are obtainable.
en-
sponsored.
COMMUNITY CHEST Ilustrative of the new spirit of the Changsha Inhabitants, many stall owners contributed their profits to the community chest for the comfort of the soldiers. Their capital was the 33 they received from the Gov- erdiment as a relief fund, yet they gave. They realized that
It had not been for the Japanese who brought the war' upon China, Changsha would not have been burned.
WEDNESDAY, MAY 17, 1939. --PAGE 13
PRESIDENT LINER
Sailings
FOR SAN FRANCISCO
LOS ANGELES
Via SHANGHAI, KOBE, YOKOHAMA and HONOLULU
Sat May 19th at 19.01 A.M.
5.8.
PRESIDENT PIERCE" 8.8. " PRESIDENT COOLIDGE" 8.8. "PRESIDENT TAFT" 88.
PRESIDENT CLEVELAND *** 8.9. "PRESIDENT PIERCE " 3.8. PRESIDENT COOLIDGE "
June 3rd at 12 Noor June 16th at 19.01 A.M. June 30th at 12.01 AM.
July 14th at 1201 AM... July 19th at 10,00 AM.
AND FORTNIGHTLY THEREAFTER
FOR NEW YORK & BOSTON
via SUEZ
SS. PRESIDENT HAYES" 39. "PRESIDENT POLK".
S.S.
Skils May 26th at 12 Noor
T
June 9th at 12 Noo
AND FORTNIGHTLY THEREAFTER
FOR MANILA
PRESIDENT COOLIDGE" Sails May 26th at 9.00 P.M.
"B.S.
S.S." PRESIDENT POLK"
PRESIDENT TAFT”-
SS. "PRESIDENT CLEVELAND”
11
June 9th at 1.00 A.M...
June 9th at 12 Noor
H
Juno 93rd at 1.00 A.M.
AMERICAN PRESIDENT LINES
ROUND WORLD SERVICES
12, PEDDER ST.
TEL. 28171,
CONSIGNEES' NOTICES CONSIGNEES' NOTICES
NORDDEUTSCHER LLOYD
BREMEN.
THE Steamer
"SCHARNHORST" One week after the Bre,
having arrived from BREMEN, Changsha's census was placed at HAM 180 and Ports, consignees 20,000. After the period of three of car are hereby notified that months, the police reported that their cargo is being landed at the population was approaching their risk into the godowns of The the 200,000 mark.
Hong Kong Kowloon Wharf *& Godown Co., Ltd., Kowloon, Where delivery can be obtained.
Public psychology in. Changsha now is particularly calm. In the first place, the big fire has taught them that it does not pay to "lose one's head" In the second place,
Changsha now has its share of hotels, restaurant, bath- houses.
offices. telegraph telephones, and postal service. be Electric lights will soon re-installed. A branch of the Hunan Provincial Bank has been re-established, while the Central Bank of China will shortly reopen an office here.
they are no longer afraid of Railway traffic continues as Japanese "alt raids for they know usual. Buses and passenger boats that one Japanese afr bomb costs now operate to the surrounding | much
more than * wooden districts of Halangtan. Hengyang.structure. In the third place. the Shaoyang, Hafangyin, Changteh. establishment of a temporary Bunan of and Yuanling, and the state-headquarters
the operated China Merchants Steam Provincial Government here and Navigation Company is preparing the appointment of Gen. Hsueh to open two lines, one linking Yueh, the veteran and Intrepid Changsha with Ichang in western commander, as Hunan Governor Hupeh along the Yangtze River have heightened their confidence.
Weekly Rubber Report
Liverpool, May 2.
BY COURTESY REYNOLDS
CHILEAN
MINING
The general index of mining production in Chile during the first 11 months of 1938 averaged 87.5 AND GIBSON
per cent as compared with 1018 London. Our market has kepti per cent during the corresponding remarkably, steady and quotations period of 1937.
finish
absolutely unchanged on .Gold production" totalled 8,226.- the week. There has not been a 483 ne grams compared with 7,- very great amount of activity but $37.222 fine grams in. 1937. long commitments in May have, to
Nitrate production during 1937-
a fair extent, been switched ahead. 38 Ascal year amounted to 1,420,312 Just recently the comparatively metric tons, an increase of 10 per over the 1,290,276 tons 11.70 narrow differences between near cent
Tuesday, May 16, 1930.
Centavos
Antamoks
45,000,000
27
Aloks
30
21.0000
£1,247,820
Baguio Gold
34
Benguet Consol.
Coco Grove
351
Demonstrations.
13
Itogons
223
steady increase in money rates
52
The Bank of England and Midiand
Bank, Ltd, BRANCHES:
jangkok Bombay
Kannsax
I X. L
Muden
New York
San Mauricio
Kandy Karach Kota Bharu Kunia Lips
Peug
Tango
United Paracales
Mag
Stula
North Camarines
Kuala Lumpur
Singapore
Kula TreopRTUS
Every description of Banking calentia and Exchange business transacted. Colombo
granted on Losos
Approved M Galle securities.
Hongkang.. Current Accounts opened in Local | Howrah Currency and Fixed Deposits re ceived for one year or shorter Erry description of Banking and Exchange
transacted,
HONGKONG BRANCH......
periods in Local and Foreign Cur-Travellers Chenques inued,
on
rencies
terms which will be FEUSTEE AND EXECUTORSHIP quoted on application.
UNDERTAKEN. Bafe. Deposit Boxes To Let
KAN TONG PO,
Chief Manager. Currency, STERLING & U.S. DOLLARS on forze
BANK OF CHINA
Specially Chartered by
THE NATIONAL GOVERNMENT OF CHINA AS AN
AU
BANK
INTERNATIONAL EXCHANGE
OFREENT ACCOUNTR"opened In Local Car rever and PIXED DEPOSIT9 rmolved in Locaḥ.
that may be woretained on applicatisa.
D. BENSON.
Manager
SINGAPORE STOCK QUOTATIONS
Singapore, May 9, ́ The following quotations of 12 leading Singapore stocks have PAID-UP CAPITAL $40,000,000.00 been received by Mesars. Ellls, and (BRANCHES ALL OVER CHINA) Edgar from Messrs. J. M. Sassoon Owing to our numerous Branches & Co. in China and connections in the principal Commercial Centres of the World; we are able to extand to our Clients special facilities for Domestic and Foreign Banking and Exchange.
Head Office: SHANGHAI Hong Kong Branch:
4, QUEEN'S ROAD, 0. South China Office:
CANTON
BWATOW SEIUCHOW -
KONGMOON TOISHAN KINGCHOW
MIDDLE. PRICE Babber Shares
Amalgamated Malay Estates Ltd., $1.40; Kempas Ltd., $1.60; Kuala Sidim Rubber Co., Ltd., $2; Patam Ltd.. $1.55; Sungel Bagan Rubber Estates Ltd.. 31.45 and Tapah Rub- ber Estates Lid, $1:40. .
Tin Shares Petaling Tin Ltd,; $8.50 and Sun- gel Luas Tin Dredging Ltd., $1.35. Industrials
Market Comment-Quiet.
58
41
and forward deliveries have had a produced in the preceding year. tendency to expand, owing to the
which is again becoming the most | Fed. Malay States ... 28,702 · 27,512
All goods remaining undelivered after the 94th May, 1939, will be subject to rent.
BEEVICES "OQNTRACTUELS, DES
MESSAGRES MARITIMES
CONSIGNEE NOTICE.
3.8. PRESIDENT DOUMER
1A/89.
BRINGING CARGO From MARSEILLES via SAIGON, etc.
ARRIVED HONG KONG ON
WEDNESDAY, THE 10TH MAY, 1939.
YONBIGNEES are hereby informed " FIRE INSURANCE will be
their goods with the exception affected by us in any case whatever. of Opium, Treasure and Valuables are Damaged packages must be left in the being landed & stored into the Godowan godown for examination by the con- of the Hong Kong, Kowloon Wharf agrees and the Company's surveyor, & Godown Co., Ltd., Kowloon, whence ours. Anderson & Aahe, at 10 sm. on delivery may be obtained immediately the 53rd May, 1939.
landing. Consignees must have a Revenue.All chinh most be sent in to me on Officer in attendance when damaged or before the 20th May, 1939, or dutiable goods are examined by the they will not be recognized Company's surveyors.
Damaged Packages will be examined No claim will be admitted after the by the Company's Surveyor, Mears. goods have left the godown_and_all Goddard & Dongles in the presence of claims must be presented within Two the Consignees at 10.00 km. on Tues- Weeks of the ship's arrival here, after day, the 16th May, 1999. which date, they will not be recognised.
Consignees are requested to surrender their Bill of Lading to the undersigned for countersignature.
MELOHERS & 00., Agenta: NORDDEUTSCHES LLOYD, BEN. Hong Kong, 17th May, 190...
NOTICE TO CONSIGNETS
Consignees must have a Revenue Officer in attendance when any datisble goods are examined by the Company's. Surveyora
No Fire instrance will be affected by us in any case whatever,
R. OHL,
Agent,
(392 Hong Kong, 10th May, 1999,
PENINSULAR AND ORIENTAL-
STEAM NAVIGATION Co. STEAMER." BHUTAN."
COMPAGNIE DES MESSAGERIES MARITIMES
CONSIGNED NOTICE:
SS. "YALOU"
[272
BRINGING CARGO FROM DE DUNKIRK via HAIPHONG etc.
ARRIVED HONG-KONG-on- WEDNESDAY, Tux, 10m MAY, 1938,
A BONG KONG o* 16 MAY, 1839
FROM ANTWERP.LONDON.GIBRAL
TAR, MARSEILLES, MALTA, PORTSAID, ADEN, COLOMBO AND STRAITS.
CONSIGNEES of Cargo by the sbor, “
named Vessel are hereby informed ◄ONSIGNEES informeð that their Goods are being landed and that their goods with the exception --April- shipments from Malaya placed ar rare in the Hong Kong of Opium Tressure and Valtabios ar were confirmed yesterday as 43,668y's Godowns at Kowloon, where each of the Hong Kong Kowloon Wharf and
ad Kowloon Wharf and Godown on being landed a stored into the godown tons after the previous forecast of Denignment will be sorted out Mark Godown Co., Ltd and immediately Kowloon, whence 30,500 had been raised to 43,500 by Mick and Delivery osz be obtained as delivery may be tons.
1.08 important item in carrying rubber Unted. Malay States 18.075 · 17,120
forward. Also the international situation is causing sellere not to offer distant rubber" either 23 freely as formerly....
LONDON METALS
buyers
Standard, Cash 41-5/8 Standard,
£
3 months 42° 42-1/18 Electrolytic 48
48-1/4,
ZTIN Standard, Cash 225-1/4 225-1/2 Standáža.
The Malayan Information Agency has. pubished the monthly up country figures:
Producton-Malaya Estates of 100 acres and over:
50,486 48,337
The next meeting of the IR.R.C, Feb. takes place a fortnight hence and in some quarter it is thought that an additional release will be made
for the July-September quarter. It is conceivable that the U.B. barter plan will figure in the deliberations at this next meeting and if any thing were to develop along this line, it would seem reasonable to imagine that the Committee would try to arrange matters so as not to Feb. disturb the even running of the
scheme for commercial interests,
EXCHANGE London, May 15 (Reyter).
COFFER
sellers
Straits Settlements 41-11/10 Fed, Malay States
Unfed. Malay States 6,579
16,730 17.690
Mar
tens
tons
1471
8,830
1,317 9,421 6.952
Stocks
Held by Dealers:
13-5/8
3 months 222-3/4 .223.
LEAD Foreign,
Fed, Malay States". Official Price 14-9/18 14-11/16 Unted. Malay States 2,422 Foreign Oficial
3 months 14-18/16 14-15/16
5,642
SPELTER Ordinary,
Official Price 13-9/18 Ordinary, Omcial
tons Mar. 3,220
tons
Lite Goods are landed.
Optional Goods will be landed hert contrary Six Hours before arrival of the sinless Instructions have been given to the
Steamer.
after landing
All Claizas zonat be sent in to me os will not be recognised. or before the 10th May, 1939, or they
Damaged Packages will be examined Goods not cloured within 6 days by the Company's Surveyors, Messrs. including date of arrival will be subject to | Goddard & Dougine in the presence of Bent
the Consignees at 10.00 am.' ÖN No Fire Insurance will be effected by Tuesday, the 16th May, 1939.
me in any case whatever ag
Consignees must have a Revonne Damaged Packages must be left in the Officer in attendance when any dutinale Godowns for examination by the Dos coods are Busined by Lze Complay', ignem, and the Company Surveyors Surveyors. Hers
No Fire Insurance will be effected by, us in any case whatarer ti
mrs. Goddard à Douaiás, st 10 25, and Thundays, within the
Free
Consignees Ars Apecially notified that
on Mondayferiod!
BOHL
Agent
it is necessary for Bevenue Offer to Hong Kong, 10th May, 1980. damaged dutiable cargo.
present at the examination
5.374 3,132
be While we do not look for any 8,506 major movement during the next When fortnight, we believe that if prices should ease during the interval Producton-Malaya
conservative purchases might be Estates under 100 acres.
tons
tons made. Mar. Feb
A
3 months 13-7/8
Final. Afternoon Transactions
Straits Settlements... 601 Fed, Malay States 1,504 Tin, Standard. Cash, £225-1/4 Unted. Malay States 2,199 value.
Tin, Standard, 3 month; 2222- 7/8 paid and value.
Straits Trading Co., Ltd., $25; ale the issue of We also handle Bonds and other Public Funds of United Engineers Ltd. (Ordinary), |- the Chinese Government both at $8.10 and Wearne Brother's Ltd., Home and Abroad.
SHOU J. OĦRN,
Co., Ltd., $4.45,
$13,
Gold Shares
The above quotations are in' Raub Australian Gold Mining Straits Dollar.
Movements of Rubber in London (745) and Liverpobl for week. "ending 2,942 April 29, 1939:
J
All Claims against the Steamer must be presented to the Undersigned an or before 6th June 1989, they will not be recognized..
"No Claims will be admitted Goods have are the Goosted iter the MACKINNON, MACKENZIE & Co.
Hong Kong, 10th May 1639.
London Landed. 487 tons; De- livered, 1.170tons: Stock, 44718 tons; Last year 54.212 tons.
Liverpool Landed 023 tons although tenders on frst notice Delivered, 16 tons; Stock, 23,812 day at 7,000 tons were quite heavy
3:507
4.484 7284
Stocks
Estates of 100 acres and over:
Mar Feb ton's tons
tons; Last year, 23,353 tonn.
Straits Settlements
3,709
In comparison with previous New York Steady · conditions | months, the market was not un-. 3,705 · have also ruled in this market, and · duly depressed.
What do
you want
If there 17 anyt you want to buy
sell. try
Clamified
advertise-
ment in the Hong kogs Daily Prem.”
25 words $1.00 prepaid
for 3 insertions.