...
HONGKONG DAILY PRESS
BANKS
HONGKONG AND
SHANGHAI BANKING
CORPORATION
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA
led & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1855
£8,500,000
HK. Currency Reserve $10,000,000 Paid-up Capital
1
Authorised Capital
........$50,000,000
Beserve Funds:
Sterling...................
£3,000,000
Reserve Liability of
| Reserve Fund
£3,000,000
Proprietors
Head ice-HONG KONG
$20,000,000 Reserve Liability of Pro-
prietors.....
£3,000,000
Board of Directori.
Hon. Mr. A. L. Shields,
W. H. Lock, Esq.,
J. K. Bousfield, Esq.,
Chtirman. Deputy Chairman.
A E. Compton, Esq.,
Hon. Mr. S. H. Dodwell,
D. F. Landale, Esq.,
"G. Miskin, Esq..
K. S. Morrison, Esq...
Hon. Mr. T E. Pearce,
H. F. Wilkinson, Esq.,
Sir Vandeleur-M. Grayburn,
HEAD OFFICE: LONDON: 38, Bishopsgate E.C.2. Sub-Agencies in London: 117/122 Leadenhall Street, E.C.S.
West End Branch: 14/18; Cotkspur Street, 8.W.1. Manchester Branch:
52, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES:
HARBIN PINANG HONG KONG RANGOON ILOILO
BAIGON
LPOB KARACHI KLANG
AGENCIES: KOBE
CALCUTTA
CLATE STRIKT
Faiz PLACE. KUALA
-SERINGAM-
SHANGHAI
SINGAPORE
SITIAWAN
BOUKARAYA
LLUR STAR AMBITSAN
BANGKOK
BATAVIA
BOMBAY
Chiel Manager
Amoy
Branches: Ipoh
Penang
CANTON
LUMSER
TAIPING
Bangkok
Johore
Rangoon
CAWNPOBE
KUCHING
TIENTRIN
Batavia
Kobe
Saigon
MADRAS
Bombay
Kowloon San
COLOMBO
MANILA
(Bhuket)
Calcutts
Kuala
Francisco
DELHI
MEDAN
TSINGTAO
Lumpur Shanghai
HAIPHONG
Chefoo
London
Singapore
Colombo
Lyons Sourabaya
HAMBURG
NEW YORK
ΓΒΙΡΙΝΟ
YOKOHAMA
BANKOW
Dairen
Patani
Canton
Malacca Sungei
Foochow Manila
Haiphong Muar Swatow
(Johor) Tientsin
Hankow Mukder Tokyo
New York Tingtoo
Yokohama
Hamburk
Harbin
Honghew Peiping "
Iloilo
Current Accounts
opened in
CEBU
(Peking)
TONGKAH
FOREIGN EXORANGE 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 ACCOUNTS also opened in Local Currency and Fixed Deposita Local Currency and Sterling with received for one year or shorter interest allowed at rates obtainable periods in Local and other Car-jon application.
rencies on terms which will be The Bank's Head Office in 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 Back I 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., 1938.
BANK OF EAST ASIA,
LIMITED
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 Branchen.
R. A. CAMIDGE,
H. K. STOCK
EXCHANGE
...
The market was quiet though steady with prices talrly well midn. tained. Shares were difficult to be obtained' at quoted prices and as a result the turnover was on very restricted scale.
BUYERS
HK. Bank, $1350. Canton Ins., $220, Uniori Ins, $430.
A.K. Fires, 3180. H.K. Wharves, 107. HK. Docks, $17.80. Providents, $4.60.
H. and S. Hotels, $5.58. HK. Lands, $34,85, Humphreys, $7.80.
H.K. Realties, $4,35, H,K. Tramways, $16.45.. Star Ferries, $85).
China Lights (O), $8.45. H.K. Electrics, #551. Macao, $18.85.
Sandakan Lights, $11.90. Telephone (O), $23.15, Canton Ices, $1.
Dairy Farms Ex Rights, $217. Dairy Farma Rts, $15).
Wing On HK., $41.
Entainments, $6).
FINANCE
ILARGEST
TUNGSTEN DEPOSITS
Big Praya
Scheme
Details of the Government's
proposed reclamation scheme on CHUNGKING, May 21 (Cen- the Prays, which is going to atral)-Klangil · Province, where change the whole face of the fighting between the Chinese and water frant from the Vehicular Japanese troops has been raging. Ferry to Queen Victoria Street, are is as famous for its tungsten as published in the "Government Shanal Province is for its coal. Gazette."
The vast work involves the [reclaiming of about 41,850. square"
HK. Govt. 4% pm Loan 4% prem. HK. Govt. 31% Loan Par..
SELLERS
H.K. Docks, $181.
H.K. Electrics, $56. China Lights (N), $5.80. Macao. $17.
Telephone (O), $231.
SALES.
H.K. Bank, $1385/60. Untan Ins., $435. Providerits, 54.85.
PHILIPPINE GOLD MINING
I, X. L.
San Mauricio
ex-
It is estimated by mining perts that the reserve of tungsten feet of the harbour, the construc in Klangsi alone totals 779,234
tion of a 15,640 square foot pier, tons. The discovery of the pre- cious metal in this province dates and the building or "a temporary back 20 years, but not until a few Pler about 80 feet long between the years later did the Chinese au- reclamation and Douglas Wharf. thorities pay real attention to its exploitation.
Ferry pier at Jubilee Street, the Abutting the present Vehicular
| reclamation will extend from the China is, recognized 15 the
ending at about halfway between world's greatest producer of tung-Central Market to Pottinger Street. sten, and is followed by. Burma. the ferry pier and the Douglas Of the world's annual output. of wharf. 15.000 tons of tungsten, approxi- mately 45 per cent. comes from this country. In 1936, a normal year, China produced 7.050 tons, the bulk of which was mined in Klang si. Even now. China still "pro- duces between 30 and 40 per cent. of the world's output.
17. DISTRICTS
This metal is found in south Klangsi, scattered through 17 dis tricts. Ore produced in Kiangsi contains 60 to 65 per cent of tungsten, the rest being
Buch foreign substances as tin, molyb- denum, copper and arsenic.
Excavation of tungsten ore in Klangsi was originally undertaken
A temporary pler is to be con- structed between Pottinger Street and Douglas Street, and will not be retained once the reclamation work is completed.
The reclamation involves the demolition of one small existing pler.
In the proclamation regarding the reclamation scheme, His Excellency the Governor requires any person having any objection to, or any claim of private right in respect of the proposed undertaking, to send his objection or claim in writing to the Director of Public Works betore the expiration of two months from to-day,
J
Assurance is given that full
by private enterprises; but in 1832, consideration will be given to all the provincial governments, in an such claims and objections attempt to introduce more selen-
tiac means for
Ita mining, 03-
ganised a Tungsten Mining Bureau.duction for that year was valued In 1938. the National Resources at $31,000,000.. Commission was authorized to
About 90 per cent. of China's
take complete contrul of tungsten tungsten production is exported to production and expert.
foreign countries, where It is used
The number of mining labourers for making electric light filma! is now estimated at 150,000 tomments, sparking" points for autó- 180,000. In 1937 there were alto-mobiles, electrical contacts. And gether 200,00 workers, and the pro-steel alloys.
CONSIGNEES' NOTICE.
QUOTATIONS
Centavos
Antamok
27
Alcks
29
Baguio Gold
241
Benguet Consol,
11.50
Coco Grove
354
Demonstration
ung.
$2.
1.08
Suyoc
15
United Paracale Itogon
51
Bu
224
Manager.
North Camarines.
351
CONSIGNEES' NOTICES
QUOTATIONS
Antamok
294
SILVER LINE.
NOTICE TO CONSIGNEES
THE BEN LINE STEAMERS. L'ED.
Baguio Gold
244
Benguet Consol.
11.50
FROM
Coca Grove
35)
NEW YORK, LOS ANGELES
Itogon
221
52
San Mauricio
1.08
Suyoc ......... United Paracale North Camarines
151 TE
BE Motor Vessel
51
351
THE CHASE BANK
15, QUEEN'S ROAD CENTRAL
HEAD OFFICE:
18, PINE START,
NEW YORK.
An American Bank odering com- plete Foreign Banking Service in the principal Markets of the world.
Authorised Capital .....$10,000,000.00 Interest Rates on Application.
Paid-up Capital Reserve and Undivided
Profits
5,898,800,00
2,883,832.01
Head Office:-HONG KONG No. 10, Des Voeux Road, Central,
Board of Directors:
Bir Sheasan Chow, Chair H13D Li Hoon Chon, Esq. Li Lan Bang, Eaq P. K. Kwok, Esq. WongChuSon, Esq. Wang Yan Tong, Esq. Kan Ying Po, Eng. ChanChingShel, Esq. FungPingWab Esq.
Kan Tong Po, Esq., Chief Manager, Li Tae Foug, Esq., Hanager."
Amoy BATATIR Bombay Calentia
Haiphong
Bankow Kozelalu Kobe
Branches and Agencja --
Kowloos Penang Bingsport Landon Rangoon Bourabaya Malia Saigon Milbourne Ban Fran- Sydney Xigutaka
Disco Plantain New York „Besttla Fancourtr Paris
Bemarang Priplog Shanghal
SAFE DEPOSIT BOXES
This Bank is entirely owned by TEI CHASE NATIONAL BANK, NEw Youx, with Resources over U.. $2,500,000,000.-
D. M. BIGGAR,
Manager.
Weekly Wheat Report
Liverpool, May 9. The following weekly rubber re- port has been issued by Messrs. Reynolds and Gibson through the courtesy of Messrs. Payne and Co.. Hongkong."
quiet side.
London. With scarcely any Every description of Banking variation in quotations from day and Exchange business transacted to day, business has ruled on the Loans grasted on approved securities.
Current Accounts opened in Loos] The following, Agures are taken Currency And Fixed Deposits re-from the April issue of the ceived for one year or shorter LR.R.C.'s Statistical Bulletin:- periods in Local and Foreign Cur World Shipments: Mar. 1939- rencica
78,012 tons; Feb. 1939-77,589 tons; Mar. 1938-81969 tons.
on terms which will be quoted on application.
Safe Deposit Boxes To Let.
KAN TONG PO,
Chief Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT
BANK
World Absorption: Mar. 1939 |93,975 tons; Feb. 1939-83,494 tons:
Mar. 1938-78,259 tons.
tons.
PHILIPPINE GOLD MINING
Monday, May 22, 1939
Ateks
I. X. L.
Market Coinment-Quiet,
JAPANESE YEN
SLUMPS AGAIN
SHANGHAI, May 22 (Reuter) The yen took another sensational drop in the unofficial market this morning #when. $100 National currency could buy Yen 170, making the yen worth only 8d, against the official rate of is 2d in Tokyo. Although many rumours prevalent, financial circles are at a loss to account for the continued fall in the Japanese currency.
are
& SAN FRANCISCO.
* SILVERSANDAL" ·.
From LEITH, MIDDLESBRO,
ANTWERP, LONDON AND STRAITS
Tax S8. "BENMAUDHUL."
YONSIGNEES of Cargo are hereby
informed that all Goods are being
| landed at their risk into the hazardous
having arrived from the above Porta on snd/or extra bazardous Godowns of the 19th instant, Consignees, of Cargo are Hose Kone ND KewLOON WEAKY AND hereby informed that their Goods are Godown COMPANY, LTD., whenca and/or being landed at their risk into the Go from the wharves Delivery may be downs of the Hong Kong and Kowloon obtained. Wharf and Godown Company, Limited, Kowloon, and stored at Consignees risk and expense.
All broken,cha fed, and damaged Goods are to be left in the Godowia, where they will be examined on Thursday, 25th instant, at 10 a.m.
All Claims must be presented within 15 Days of the vessel's arrival here, after which date they cannot be re cognized.
No Claims will be admitted after the Goods have left the Godowns, and all Goods remaining undelivered after the Rent. 26th inst., 1988, will be subject to
No Fire Insurance has been effected, Bill of Lading will be countersigned by
FURNESS (FAR EAST), LTD.
2nd Floor, Hongkong & Shanghai Bank Building Dinle 13165 & 23169.
being 43/45.000 tons, and dwind- ling UK stocks which record a further decrease of 1,210 tons fast o Koug, 19th May, 198, week. A polley of continuing the
50 per cent. basis will be advocated by those who point to the larger stocks out East which Estates are now allowed to carry and ̈which can be drawn upon as necessity arises. A 5 per cent. increase in shipments would permit an addi- tion of 6,000 tons per month, which ought not to affect prices appre- elably if consumption on the other side of the Atlantic can be main.
tained,
NOTICE TO CONSIGNEES
OCEAN STEAM SHIP CO., LTD,
CHINA MUTUAL STEAM NAVIGATION CO. LTD.
CONSIGNEES per Co's Vessel
ACHILLES
FROM UNITED KINGDOM ZA SINGAPORE
No Claims will be admitted after the Goods have left the Godowns, and all Goods remaining undelivered after the 29th May, 1939, will be subject to rent.
All Claims against the Steamar must be presented to the Undersigned on or before the 12th June, 1839, or they will not be recognised.
To comply with the General Bonded Warehouse Regulations, consignees must have a Revenue Officer in attend- ance when damaged dutisble goods are examined.
All broken, shafed and damaged Gooda sra to be left in the Gedowns, where they will be mamined on the 37th May, 1939, at 9 am, by Mesars. Carmichael
Clarke,
&
No Fire Insurance has been effectad
Bills of Lading will be countersigned by W. R. LOXLEY & Co. (CHINA) LTD
Agents. |Hong Kong, 22nd May, 1939,
[406
NOTICE TO CONSIGNEES
OCRAN: STEAM BHIP CO, LTD),
STAD
OHINA MUTUAL STRAM SAVIGATION 00., LTD.
YONSIGNEES per Co's Vessel -“SARPEDON **
FROX UNITED KINGDOM VIA SINGAPORE.
World Stocks and Afloats: Mar, 1939-418,790 Cons: Feb. 1939 We do not believe, that there is 143,377 tons; Mar. 1938-336,798 | any real reason to be disturbed by
the prospects, of the forthcoming are hereby notified that their cargo are hereby notified that their Cargo Exports from Ceylon for April IR.R.C., meeting. On the other will be discharged into Holt's What will be discharged into
Holt are returned at 2,178 tons and hand, we would consider it advisa and subject to terms and condi- Conrignées maksad ubject to Terms Kowloon, where it will his at consignees' | Wharf, Kowloon, where it will lie ab OF CHINA A'S 'AN compare with, the March figure of able to wait for the results before tions of storage as Holt's Wharf. The and Conditions of Storage at Holt's INTERNATIONAL EXCHANGE 3,642 tons. Malayan shipments of entering into fresh long commit- Cargo will be ready for delivery from What. The Cargo will be ready for 43,668 tons during April were on ments unless the market should Godown on and after 20th May, Delivery from Godown on and ́ ́after PAID-UP CAPITAL $40,000,000.00 the heavy side in view of the large have a sharp setback for any
29ud May. (BRANCHES ALL OVER CHINA) Carryover at the end of 1938, plus reason in the interval,
Movements of Rubber in London Owing to our numerous Branches an additional 2,000 tons excess on in China and connections in ta the permissible quota for Jan./Apr. and Liverpool for week ending principal Commercial Centres of 1939, but this fact is accounted for May 6, 1939:- the World, we are able to extend by April being the first month of London-Landed: 704 tons; De- to our Clients special facilities for the new quarter and also by the livered: 895 tons; Stock: 44,527 Domestic and Foreign Banking and tendency to rush shipments for tons; same time last year: 54,081 Exchange.
ward in view of the disturbed tons. international situation.
Liverpool-Landed: 39 tons) De- The matter which is uppermost livered: 1,058 tons; Stock: 22,793 at the moment and is likely to re- tons: Bame time last year: 28,384 main so throughout the coming tons.
Head Office: SHANGHAI Hong Kong Branch:
4, QUEEN'S ROAD, C. South China Offices,
CANTON SWATOW SHIUCHOW
KONGMOON TOISHAN KINGCHOW
week is the question of the LRR.C. New York-A fairly even level meeting next Tuesday. There is has been maintained throughout a good deal of argument for and the week, with prices in the main against an increase in quota for just below the 16 cent mark. The the July Bept quarter. U.8. In volume of business has been re- st terests will undoubtedly press for latively small, but there has been an increase and points in favour a certain amount of buying by of this are expanding' consumption | manufacturing, interests and there, latest forecasts Tor April - speculative covering of September.
We also handle the inane of Bonds and other "Public Funds of the Chinese Government both Home and Abroad.
SHOU J, CHEN.
Optional cargo, will not be landed here, unless-notice has been given prior „Optional cargo will not be landed here. to steamer's arrival but carried on unless Notise has been given prior to from port to port to the final port of Steamer's arrival, but carried on from call to which the option extende ་་ port to port to the final port of call to
All broken, chafed, and damaged which the option eztanda, spolpenz goods are to be left in the Godowns, All broken, chafed and damaged Gooda where they will be examined on any are to be left in the Godowns, where Tuesdays and Friday between the they will be examined on any Tuesdays hours of 10.45 sm, and Noon within and... Fridays between the hours" of, the free storage period,
10.45 Am. and Noom within the Free
Goods have left the steamer's Godown, Ho Clamme will be admitted after the
No claims will be admitted after the Barage period, og parke e and all Goods remaining undelivered Goods have left the Steamer's Godowa, after the 27th May, will be subject to and all Goods remaining undelivered rent and then after the 29th May, will be robject be presented to the undersigned on or All Claims against the Steamer mat All Claims against the Steamer zaust to Heat attest before the 10th June, or they will not be presented, the Undersigned on or
No Fire Inerdratice will be'sfected.” BUTTERFIELD & SWIRE,
Agents
be recognised.
20th May, 1989.
before the 17th Junio, or they will not be recognised, dok tak i kana
No Tire Insmisber-will Es ellacked, BUTTERFIELD & SWIRE
Agenta.
[409 31st May, 1989,
TUESDAY, MAY 23, 1939. --PAGE 19
PRESIDENT LINER
Sailings
FOR SAN FRANCISCO & LOS ANGELES
vin SHANGHAI, KOBE, YOKOHAMA and HONOLULU 8.S.PRESIDENT COOLIEGE" Saily June 3rd at 12: Noom.
8.S." PRESIDENT TAFT A-
June 16th at 1201 A.M.
20
ES. "PRESIDENT CLEVELAND "
· 8.5. “ PRESIDENT PIERCE" 5.8." PRESIDENT COOLIDGE" AS. "PRESIDENT TAFT"
June 30th at 12.01 AM.
July 14th at 18.01 A.M.
July 9th at 10:00 AM. »Aug. 12th at 8,00 AM.
#
AND FORTNIGELLY THERRÄFTER
FOR NEW YORK & BOSTON via SUEZ
S.S. PRESIDENT HAYES" SS." PRESIDENT POLK”
Sails May 26th at 19 Noox
June 9th at 13 Noox
AND FORINIGHTLY THEREAFTER
FOR
MANILA
·· S.S. “ PRESÍDENT COOLIDGE”
&S." PRESIDENT TAFT". SS PRESIDENT POLK" S.S“ PRESIDENT CLEVELAND"
Sails May 27th at
"
..... June 9th at 1.00A.M.
June 9th at 1g Noo
June 23rd at 1.00 A.M.
11
AMERICAN PRESIDENT LINES
ROUND WORLD SERVICES
12, PEDDER ST.
CHITA
LIJN
TEL. 28171.
VISIT BALI AND JAVA-
"Most Favourable Months”
JUNE-JULY-AUGUST. Special Excursion Fares On Application
SAILINGS
TO MANILA, BALI, MAKASSAR AND SOERABAJA :— m.s. "TJISADANE" 23rd May TO BATAVIA (DIRECT):~~ S.S. "TJISALAK" 6th June
TO AMOY & SHANGHAI -
5.5. “TJISAROEA" 29th May
For Freight & Passage Rates Apply:
CANTON-----Java-China-Jagon' Line MACAO-EL Halazoo da Silva... · HONGKONG-Phone 28015
MODERN
EXPRESS SERVICE
HAMBURG-AMERIKA LINIE
Far Eastern Mail, Passenger & Freight Service
Through bookings to America via Europe and Europe via America. Bookings around the world. Through bookings to London,
OUTWARD SÄILINGS
my. "SAUERLAND”........for Bhal, Dairen, Kobe," Yhams.
........ 23rd May ..." PREUSSEN". ...........for Shanghai, Dziren, Kobe,
Thama...
* im 3rd June m.v. "LEVERKUSEN for Shanghai, Dairen, Kobe,
...17 June
Thems.********.
HOMEWARD SAILINGS
יק
el
14. “NORDMARK”.....for Antwerp, Rotterdam, B'burg...24th May m.y. "DUISBURG ...for Geños, R'dam., Hamburg...16th June m.v. "SAUERLAND" for Gazos, R'dam, Hamburg...... 28th June * Freighter, with Passonger Accommodation.
For farther particular and passage fares, etc. spoly to:-
HAMBURG-AMERIKA LINIE
JEBSEN & CO., Saints.
12, Pedder Street, Tel 81205–8. CANTON AGENTS: CARLOWITZ & CO., Shakee Rosd.
THE BEN LINE STEAMERS, LTD.
S.S.
"BENMACDHUI"
Sailing for LONDON, ROTTERDAM, ANTWERP, HAMBURG and LEITH on or about the 9th June, 1939.
Cargo will also be accepted on through Bill of Lading to the usual transhipment ports.
For Freight and Fassage apply
the Agents
W. R. LOXLEY & CO., (CHINA) LTD.