HONGKONG DAILY PRESS
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
INDIA, AUSTRALIA
Authorised Capital.
$50,000.000
AND CHINA'
Issued & Fully Paid-Up 20,000,000 Incorporated by Royal Charter, 1853
Reserve Funds:
Sterling
Paid-Up Capital
£3,000,000 £8,500,000 Reserve Fund H.K: Currency Reserve 810,000,000 Reserve Liability of Pro-
£3,000,000 Reserve Liability of
prietors "Proprietors
£3,000,000 $20,000,000
HEAD OFFICE: LONDON: 38, Bishopsgate E.C.. Sub-Agencies In London: 117/129, Leadenhall Street, E.Q.3. West End Branch: 14/18, Cockspur Street, S.W.1.
.. Manchester Branch:
Head Office:-HONG KONG
Board of Directora: Hon. Mr. A. L. Shields,
W. H. Lock, Esq.,
1.
Chairman.
Deputy Chairman,
J. K. Housfeld, Esq.,
A. H. Compton, Esq.,
Hon. Mr. S. H. Dodwell,..
D. F. Landiale, Esq.
G. Miskin, Esq..
K. S. Morrison, Esq.
Hon. Mr. E. Pearce.
II. V. Wilkinson, Esq..
52. Mosley Street, Manchester, 2.
SAIGON
AGENCIES AND BRANCHES:
HARBIN PENANG „HONG KONG RANGOON
ILOILO 1POH
KARACHI ELING "AGENCIES: KORE
SEREMBAN SHANGHAI SINGAPORE -SITIAWAN
BOURABAYA TAIPINO TIENTSIN TONGKAH
ALOR STAK AMRITSAN BANGKOK BATAVIA BOMBAY DALCUTTA
Sir Vandeleur M. Grayburn,
Chief Manager. CLIVE NTEETT
KUALA
YaikZIE PACK
LUMPUR
Branches:
JANTON
4
CAWNPORK
RUCHING
Amoy
Ipob
Penang
скач
.MADRAS
Bangkok
Jabore
Rangoon
MANILA
Batavia
Kobe
Saigon
COLOMBO DELFI
MEDAN
Bombay
Kowloon San
HAIPHONG
Calcutta
Kuala
Francisen
Canton
Lumpur Shanghai.
HAMBURG HANKOW
NKW YORK PEPING
TSINGTAO
YOKOHAMA
Chefoo
London
Singapore
Colorabo
Lyons
Dairen
Sourabaya Sungei
Patani Baiphong Muar Swntow Hamburg (Johore) Tientsia Hankow Mukden Tokyo Harbin New York Tsingtao Hongkow Peiping Yokohama Iloilo
Malacen Foochow Manila
(Peking)
(Bhuket)
FORMION EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or shorter perioda in Local or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Sterling with CURRENT Accounts opened in intereat allowed at rates obtainable LOCAL CURRENCY and Fix Deposirs on application. received for one year or shorter periods in Local and other Cur-undertakes Executor and Trustee The Bank's Hend. Office in London rencies on terms which will be business, and claims recovery of quoted on application.
Atso up to date SAFE DEPOSIT terms which may be ascertained at British Income Tax overpaid, on Boxes in various sizes To Let
any of the Agencies and Branches." Hong Kong, 13th Mar. 1939.
R. A. CAMIDGE,
HONGKONG SAVINGS
BANK
The Business of the above Bank
i conducted by the HONGKONG
& SHANGHAI BANKING COR-
PORATION, Rules may be obtain-
est on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong. 25th Feb., 1938,
BANK OF EAST ASIA, LIMITED
Authorised Capital... $10,000,000.00 Paid-Up Capital......... 3,598,600,00 Reserve and Undivided
Profits
-... 2,893,032.01
Head Office:-HONG KONG
No. 10 Des Voeux Road, Central...
Board of Directura: “
Sir Shouson Chow, Chairma
Li Koon Chan, Eag. Li Lan Sang, Exy. P. K. Kwok. Esq. Wang Chu Son, Dor Wong Yun Tong, Eng. Kan Ying 'o, Esq. Chan Ching Shek, Esq. Fang Pior Wah Esq
Kan Tong Po, Esq., Chief Manager. Li Tse Fong, Esq., Manager.
Manager.
THE CHASE BANK
15. QUEEN'S ROAD. CENTRAL
HEAD OFFICE:
18, PINE STREET,
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
THE
This Bank is catirely owned by CHASE NATIONAL BANK, NEW YORK. with Resources over
• U.S.$2,500,000,000.
D. M. BIGGAR,
Manager.
Weekly Wheat Report
FINANCE
CURRENCY COMPLICATIONS IN N. CHINA: WEAKNESS OF FEDERAL RESERVE NOTES
SHANGHAI, May 24 (Router)-A further recovery in the value of the yen was noted in the local market this morning when exchange shops, raised the buying rate to 93) National cents compared with Blà cents yesterday afternoon,
Commenting on the Exchange Pointing out that it would be Market in the past week. "Finance an obvious advantage if some and Commerce," the leading finan-scheme could be devised to bring cial weekly, refers to "the latest importa and exports into a more rumour," which is believed to have even balance, "Finance and Com- originated in Hongkong, that the merce adds that any such ex- Stabilization Fund is to be aug- change restriction will lead to mented and a somewhat different complications, at any rate at the policy adopted iri its operation. outset and forecasts that with Under the new conditions, it is already omcial market (80 stated that exchange is only sold small as to be of no account) and at the present rate for anancing the open market, under any ex- specified imports.
change restriction there will soon develop a so-called Black Market.
IMPORT SURPLUS "Finance and · Commerce " remarks that the rumour may have arisen from a contempla- tion of the rapidly growing Import surplus
China's trade, amounting to £7,000,000. in Shanghai's trade alone in the first four months of the
year.
PHOSPHATE DEPOSITS IN HAINAN
JAPAN UNABLE TO SECURE VITAL MINERAL
|
CONSIGNEES' NOTICES
CONSIGNEES NOTICE.
THE BEN LINE STEAMERS, LTD.
FROM LEITH, MIDDLESBRO.
ANTWERP, LONDON
AND STRAITS
Ta 8.8. BENNEVIS"
ONSIGNEES of Cargo are hereby informed that all Goods are being landed at their risk into the bazardous and/or extra hazardous Godowns of and Godown Co, Ltd, whence and/or the Hong Kong and Kowloon Wharf from the whares Delivery may be obtained.
No Claims will be admitted after the Goods have left the Godown and all Goods remaining undelivered after the 1st June, 1939, will be sub:ect to rent,
All Claims against the steamer must be presented to the undersigned on or before the 18th June, or they will not be recognized.
F.R.B. CURRENCY After referring briefly to "the desperate weakness" of the yen in Shanghai, "Finance and Com-Warehouse Regulations, consignees To comply with the General Bonded
merce commenta on the
must have a Revenue Officer in atten Japanese sponsored currencies in dance when damaged dutiable goods [Central and North China.
are examined
new
Stating that small quantities of Has Hsing notes are now being circulated in Hongkew, the weekly remarks that the activities of the new bank have hitherto not had the slightest effect on the exchange" market.... In any shape or form.
JAPANESE ADMISSION Referring to the recent streng- thening of the Federal Reserve currency in Tientsin, "Finance
and Commerce" asserts that "this is not saying a great deal, seeing
All broken, chatod and damaged Goods are to be left in the Godown where they will be examined on the 30th May, 1938, at 9 am. by Henara. Carmichael & Clarke.
by
No Fire. Insurance has been effected. Bill of Lading will be countersigned
FRIDAY, MAY 26, 1939. --PAGE 13
PRESIDENT LINER
Sailings
TO
MANILA
S.S. “PRESIDENT COOLIDGE”.
May
28, at 6 A.M.
AMERICAN PRESIDENT LINES
ROUND WORLD SERVICES
W. R. LOXLEY & CO. (Chma), LTD.
Agents. Bong Kong, 26th May, 1939.
12, PEDDER ST.
>
[4.90
CONSIGNEES' NOTICE.
the amount of leeway still to be THE BEN LINE STEAMERS, LTD...
** Even the Japanese made up now frankly admit the fallure of From Our Own Correspondent
the FRB notes and the recent CHUNGSHAN, May 23.-While lowering of the discount is prob-
It is true that Hainan Island has ably due to fairly large amounts an abundant deposits of phosphate being withdrawn from circulation." rocks useful for the manufacture!
of fertilisers in Japan and that in- dustrialista in Tokyo want to make
full use of them, exploration with CONSIGNEES' NOTICES require several thousand troops for the Island.
Unable to spare more soldiers for the Island, all talks of exploit- ing the phosphate rocks have end- ed only in talks. The South Sea Development Company took a keen interest in such an enterprise, but found out that the quarries are in the interior miles away from the occupied area.
hard hit.
da.
The
HAMBURG-AMERIKA LINIĘ
NOTICE TO CONSIGNEES.
THE M.S.
"SAUERLAND having arrived from Hamburg and Porte of call, Consignees of Cargo are hereby notified that their goods are
From LEITH, MIDDLESBRO', ANTWERP, LONDON AND STRAITS
THE AS. "BEN MACDHUL”.
YONSIGNEES of Cargo are hereby înformed that all Goods are being landed at their risk into the hazardous and/or extra haardons Godowns of the Home Kors And Kewlcom WHARF AND Godown Company, 'Lem., whence and/or from the whares Delivery may be obtained.
be
being landed and placed at their risk befanted to the Undersigned an or
into the Hong Kong & Kowloon Wharf
Godown Company's godowns at Kowloon, where delivery may be obtained as soon as the goods are Landed
our
In 1937, Japan Imported this mineral to the extent of Yen 23,- 302,869 and by the end of last year the amount increased to Yen 30,-
Optional cargo will not be landed 810,382. Owing to wartime restric here, unless notice has been given 48 tion this year, import decreased hours prior to vessels arrival, but somewhat. As a result of the car-carried on from port to port to the tallment, the farmers in Japan are final port of call to which the option
extends.
No claims will be admitted after the BUDDHIST TEACHINGS
Goods have left the Godowns, and all Japanese forces in Hainan are 30th May, 1038 will be subject to goods remaining undelivered after the attempting to use Buddhist teach-rent. ings to influence the inhabitants. Goods are to be left in the Godown
All broken cbafed, and damaged who are anti-Japanese or at least where they will be examined on 27th indifferent to Japanese propagan-May, 1939, at 10. by
pacification campaign Surveyors Messrs. Goddard and therefore comes to 'nothing.. Douglas,
Military operations have also Warehouse Bégulations consignees To comply with the General Bonded been suspended, while the militiamust have a Revenue Officer in have renewed their activities, Assttendance when damaged dutiable the Japanese infantry, unfts are goode aro examined,
All claima must reach us before the not sufficient to drive farther in- Liverpool, May 9.
land, they have to rely on bomb-30th Jane, 1939, or they will not be Liverpool.-AD
recognized.. extensive flouring planes to check the activities No Insurance will be effected. booking, resulting in a broad de- of the Chinese units. Many vil- Bills of Lading will be countersigned mand by U.K. millers for Plate and lages in the interior were indis-by Cariadian wheat, higher oceancriminately bombed.
JEBSEN & CO., Every description of Banking and freights, and some anxiety over
Agents Exchange business transacted. Loans the lack of moisture in the US.. granted on approved securities.
have all contributed to firm to: Current Accounts opened in Local this week. Currency and Fixed Deposits re- eived for one year or shorter The Spanish Government has periods in Local and Foreign Cur-purchased a further large quantity rencies on terma which will be of Plate wheat, and this largely quoted on application.
SAFE DEPOSIT BOXER TO LET.
KAN TONG PO,
Chief Manager.
Amoy
37.
Batavia
Bombay
Kawlcom
Branches and Agencies:-
Penace Blagaporn Bangoon Bourabaya Balgon Swatow
Haiphorar
floralalu Kobe
London
Mandla
Melbourne Sea Fran- Sydney
cisco Tientaln
Yegua Bankow New York Seattle Vancouver
Pari
Bensagang Petplay Shanghai
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
The following weekly wheat re- port has been issued by Messrs. Reynolds and Gibson through the courtesy of Messrs. Payne and Co.. Hongkong.
accounts for the heavy charterings and the strength of freight rates. Reports as to the quantity taken
There is also talk of converting Hong Kong, 24th May, 1939. Yulinkang. in South Hainan, into a submarine base; but in the meantime nothing has yet been done, Submarines have to rely on. their depot ships at present for relier and supplies.
vary from 100,000 to 200,000 tons, The small State of Perlis, on the China has again been in the mar- west coast of the Malay Peninsula, két for Australian wheat and also with a population of only 52,703. bought United States Papine flour has decided to contribute £2,000
for Imperial defence" (EWS).
heavily.
American Winter wheat pros- pects appear to be deteriorating.
[413
NOTICE TO CONSIGNEES ·"
OCEAN · STEAM SHIP CO., LTD AND CHINA MUTUAL STEAM NAVIGATION CO, LTD,"
CONSIGNEES per Co's Vessel
"ANTILOCHUS "
FROM UNITED KINGDOM CONTINENTAL PORTE STA
SINGAPORE
M4
are hereby notified that their Cargo will ba discharged into · Hall's
عالم
No Claims will be admitted after the Goods have left the Godowns, "and" all Goods remaining undelivered after the 29th May, 1939, will, be subisci to rapt.
All Claims against the Steamer minst the 19th June, 1923, or they will not
1000gnit To comply
the General Bandied Warehouse
Regulations," consignmen must have a Baronne Ufloor in sitend- suce when damaged dutiable goods are examined,
All broken, chafed and damaged Gooda are to be left in the Godowne, where they will be examined on the 27th May 1939, at 9 am, by Messrs. Carmichael
& Clarke.
No Fire Insurance has been effected.. Bills of Lading will be countersigned by
Hong Kong, 22nd May, 1999. W. R. LOXLEY & Co. (CHINA) LTD
Agenta.
[406
NOTICE TO CONSIGNEES
PENINSULAR AND URIENTAL STEAM-NAVIGATION -Co.'s
STEAMER "RANPURA.
ARRIVED HONG KONG on 24TH MAY, 1930,
FROM LONDON, GIBRALTAR, ́: MAR- SEILLES. MARTA PÕRTSAM, ADEN, COLOMBO AND STEALTE.
CONSIGNEES of Charge by the
above-named Vessel are hereby in formed that their Goods are being landad and placed at tuwTA"Lion" in the Hong Kang and Kowloon Wharf and Godewa Company's Godowns 65 Kowloon where esch Consignment will be sorted out Mark by Mark and Delivery can be obtained a ths Goods are landed.
THE
CHINA-SIAM
TEL. 28171.
HONG KONG-BANGKOK
LL. "HELLAS”
“HELIOS"
3. "HIRAM”" "HELLAS"
8.A.
LINE.
leaving Hong Kong 31st May via Svatow leaving Hong Kong - 7th Jane via Swatow leaving Hong Kong 18th June via Swatow leaving Hong Kong 28th Jung via Swatow HONG KONG-SWATOW-AMOY" 1.8. "HAI LEE leaving Hong Kong 4th June .. "RAI BING" leaving Hong Kong 24th June Accepting Passengers & Cargo for all the shove metioned porta.
HONG KONG
BINGAPORE-PENANG
BANGOON
Regular Express Serviço
leaving Hong Kong
27th May
Leaving Hong Kong
10th June
30th June
"HAI HING
M.B. "HAI LEB"
ma "HAL HING leaving Hong Kong
Accepting cargo for all the above mentioned ports...
Excellent passenger accommodation available.
Por freight, pasaga rales and all other information-Apply to:— THORESEN & CO., LTD.
Tel. 30237.
General Agonte.
Queen's Building.
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 Passage apply
to the Agents:
W. R. LOXLEY & CO., (CHINA) LTD.
Tel. 34168
Optional Goods will be landed here unlose instructions have been given to "ELETICS CONTRACTUELS (1713 |
the contrary Bia Hours before worïym) of the stemmer.
Goods not cleared within 8 days in- cluding date of arrival will be subject to rent
No Pre Insurance will be affected by us in any case whatever.
Damaged Packages must be leit is the Godowns for dramination by the Consignees, and the Company a furveyors, Messrs. GODDAL & Dover, 10 The average of private estimates imparted by Mr Chamberlain's Whart, Kowloos bere it will be on Mondays and Thursday, within the pats production at 588 million announcement that negotiations at Consignees risk and subject to Tree Storage period
A BANK
bushels as against the last Gov. for the exchange of raw materials Terms and Conditions of Storage at
Consignees are specially notified that PAID-UP CAPITAL $40,000,000.00ernment forecast of 459,219,000 with America are proceeding. It Holt's Wharf The Cargo wil be it is necessary for Regenga Oper to (BRANCHES ALL OVER CHINA) bushels, but there is little doubt will be recalled that America la re-ready for Delivery from Gown on be present at the examination of da banged
dutisble cargo. Owing to our numerous Branches that the wheat has gone back ported to be seeking to barter 130 and after Sith May...
Optional Cargo will not he landed All Claims against the Stemmer must it China and connections in the somewhat since the compilation of million bushels of wheat against here, unless Notice has been given prior be prested to the Undersigned an ex principal Commercial Centres of the private forecasts. The South-"| rubber and tin:
to Vamal'e arrival, hit sarried on From before 14th June, 1839, or they wil the World, we are able to extend West has received only scattered to our Clients special facilities for moisture this week whereas gen-al export sales and small contract
Winnipeg has improved or liber-port to port to the final port of all not be recognised
to which the option extenda Red No Class will be simitted after the Domestic and Foreign Banking and eral heavy rains are gently need- deliveries. Beeding is being rushed are to be left in the Godayns where they
All broken, chafed and damaged Goods Goods have left the Gedown Exchange.
MACKINNON, MACKENZIE,& Co.. ed and if not receid soon a lot and is progressing well, but opera-will be examined on any Tuesdays and of damage will be done. The next tions are from ten days to three Fridays between the hours of 10,45 Lat. Hong Kong, 24th May, 1939 [400 official Government report is due weeks late in Eastern Canada and Noorthin the re Storage period. No Claima will be admitted after the on May 10.
Burface moisture in the Prairie Goods have left the Vessel's Godown In the American Spring belt Provinces should be sufficient to and all Goods remaining undelivered. there-have-been-some-showers and ensura-germination-but-subsoit after the 31st May, will be subject to good soaking rains are now need- reserves are deficient in many sec- Bent ed as seeding is practically com- pleted. Spring wheat sowings are stated at 184 million acres com- Pared with 20.410.000 acres last
Head Office:-SHANGHAI,
Hong Kong Branch:
4, QUEEN'S ROAD, C. South China Officers":"
CANTON SWATOW SHIUCHOW ..
KONGMOON TOISHAN KINGCHOW We also handle the issue of Bonds and other Public Funds of the Chinese Government both at Home and. Abroad,
"SHOU J. CHEN,
season.
Chicago has been mainly a wea L'inager. |ther market but söme Armness was
All Claims against the Tanel zanat tions
be presented to the Undirgigned on or The market appears ready to before the 14th June, or they will not respond quickly to news of further he recognized. deterioration in North America and we feel that any recessions should be utilised to secure" con- servative purchases,
No Fire Inkurssite will be villasted,
BUTTERFELD & BYTHE
94th May, 1989.
A Job
K19
WANT ADS
CONSIGNEE NOTICE,
9.8. * AHAMIE " 14 A/89.
BRINGING CARGO Fox MARSEILLES via SAIGON, etc ARRIVED HONG KONG OF WEDNESDAY, TEN 94TH MAY, 1939.
York. Building.
SILVER LINE,
NOTICE TO CONSIGNEES
Frost NEW YORK, LOS ANGELES &BAN FRANCISCO,
TH
HE Motor Vessal
FILTERSANDAL
Bating arrived from the above Forts on 19th instant, Consigners of Cargo azp hereby informed that their Good UNSIGNEES are hereby informedowns of the Bong Kong and Howloos being landed as therrukinto, he fo that their goods with the exception Wharf and Godown Company,
of Opium, Tressure" and Valuables Kowloon, and stored at Consignes righ teing landed & stored into the Godowns and expense.mat
of the Hong Kong Kowloon Whart All broken, chafed, and damaged Goods * Godowa Co., Lt Kowloon,henor are to be left the Godown, where delivery may be obtained immediately they will be examined on Thursday, after landing.
All claims must be sent in 10. me on: All Chains must be present
26th instant, at 10 am. or before the 3rd June, 1929, or 10 Days of the yomer's arrival" ber they will not be recognized.
Sognized
Damaged Packages will be examined after which date they c by the Company's Surveyor, men No Claims will be aclmisted. Goddard & Douglas in the presence of Goods have left the God the Consignees at 10.00 %, að Trien
day, the 30th May 1939 Goods remuning undal Both inst., 1939, will": Vowsigneoi muah hara Revenue Officer in attendance when say dulishie
Bent Bu
No Fire Ingarazos has bee goods are examined by the ('ompany
Bill of Lading will be don Aurveyors, and p
No Fire inscrsige will be affected by E FURNESS (PA
ROHL
Hong Kong, 34th May, 1
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