HONGKONG DAILY PRESS
BANKS
+
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital. ...... $50,000,000
"INDIA, AUSTRALIA
AND CHINA
Tuad a Fully Paid Up 120,000,000 Incorporated by Rayal Charter, 1853.
Reserve Funds:
Sterling
Paid-Up Capital
H
£ 6,500,000 Reserve Fund H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
prietors...... ..$90,000,000
HEAD OFFICE: LONDON: 38, Bishopsgate E.0.2. Sub-Agaricles In London:
£3,000,000 £3,000,000 £3,000,000
Proprietors
Hend Office:-HONG KONG
Board of Directors: Hon. Mr. A. L. Shields,
W. H. Look, Esq.,
Chairman.
Deputy Chairman.
J. K. Bonsfield, Esq.,
A. H. Compton, Esq.,
Hoa Mr. 8. H. Dodwell,
D. F. Landsle, Esq.,.
G. Miskin, Esq.,
K. E. Morrison, Esq.,
Hon. Mr. T. E. Pearce,
H. V. Wilkinson, Esq
Sir Vandeleur M. Grayburn,
.
Amoy Ipoh
Chief Manager.
16:
117/199, Leadenhall Street, E.C.3. West End Branch: 14/18. Cockapur Street, S.W.1. Manchester Branch;
52, Mosley Street, Manchester, 2,
AGENCIES AND BRANCHES:
ALOE STAR SARDIN
PENANG AMRITSAR HONG KONG RANGOON BANGKOK (LOILO
BAIGON BATAVIA IPOH
BOMBAY
CALOUTTA
KARACHI
KLANG
AGENCIES: KORE
CLIYE SET KUALA
CANTON
Francisco HAMBURG
HANKOW
· LUMPUR KUCHING MADRAS
་་
XIDAN NEW YORK PRIPING
(Peking)
FASRLIK PLACE!
Branches:
DAWNTORK
Bangkok
Johore
Penang Rangoon
CEBU
COLOMBO
MANIYA
Batavia
Kobe
Saigon
Bombay
Kowloon
San
DELHI HAIPHONG
Shanghai
Singapore
Sourabaya
Sungei
Foochow Manila
Haiphong Muar
Hamburg
(Johore)
Hankow Mukden
Hongke
Harbin New York
Peiping
Patani Swatow Tientsin Tokyo" Tsingtao Yokohama
London
Calcutta Kuala
Csaton Lumipur
Calómbo
Lyons
Bairen ...Malacca
Chetoo
Iloilo
CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIXED DEPOSITS received for one year or shorter periods in Local and other Cur
terms which will be quoted on application.
rencies 041
ALBO up to date Sur DEPOSIT Boxes in various sizes To Lær Hong Kong, 13th Mar. 1939.
HONGKONG SAVINGS
...BANK
The Business of the above Bank is conducted by the HONGKONG
& SHANGHAI BANKING COR PORATION. Rules may be obtain- ed on application.
For the HONGKONG & SHANGHAI BANTING CORPORATION,
V. M. GRAYBURN,
Chief Manager. Hong Kong. 25th Feb., 1839.
BANK OF EAST ASIA, LIMITED
Authorised Capital....810,000,000.00 Paid-Up Capital Reserve and Undivided
Profits
6,508,600.00
2,583,932.01
Head Office: HONG KONG
No. 10 Des Voeux Road, Central.
Board of Directors: "
Bir Bhouson Chow, Chairman
Li Koon Chun, Eaq”
P. K. Kwok. Esq.
Wong Tan Tong, Esq.
L Lan Sang, Esq.
Wong Chu Sos, Esq.
Kan Ying To, Raq.
Chan (bing Shak, Esq. Fang Ping Wah Esq. Kan Tong Po, Esq., Chis! Manager.
Li Te Fong, Esq., Mausger.
Amey
Branches and Agencies:-
Batavia Bombay Calortia Haiphong
Hakow Holi Kobe
Cowloon Pank Singapore
Bangsom Landow Manila Beiratt Swałow Melbourne, San Fran. Sydney Xagumka disco Mentia New York 'Besizle Parit
Bomarsun Shanghai
SEREMBAN
SHANGHAL SINGAPORE «
SITIAWAN, BOURABAYA TAIPING ...TIENTSJM " TONGKAR
(Bhuket) TSINGTAO TOKOHAMA
FOREIGN EXCHANGE" 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 Sterling with interest allowed at rates obtainable on application.
SHARE MARKET
REVIEW
BY C. A. L. RICKETT Secretary, H.K, Sharebrokers' Association
Hongkong, May, 26. "Market conditions continues very quiet during the week. In spite of increased enquiry there has been no improvement in the volume of business recorded for the week: Buyers have been reluctant to raise their bids put prices show a tendency towards improvement as holders of shares appear ob- durate in their opinion, that better prices will be obtained by waiting. The result has been a dull market and difcult trading conditions. The undertone of the market at the close of business is 'steady, with buyers mone in evidence.
HF. Bank shares changed hands from $1365 to $1400' with further enquiries at $1390. Lands were wanted at $35) with sales report- ed at this figure. H.K. Docka had buyers at $18, Hotels at $5.70, Star Ferries $861 and Humphreys at $8. Electrics were wanted at $554 with shares offering at $56. China Lights came in for enquiry at $8.60 for the old shares and $54 for the Providenta were wanted at $4.75 with males reported at $4.88. Gold mining stocks have also been and the volume of business disappointingly small. Prices have Cuctuated within narrow limits and the trend of the market is uncertain. The San Mauricio Mm- ing Co., has announced an interim dividend of 3 ctvs., payable June
new.
24.
H. K. STOCK EXCHANGE
The Bank's Head Office in London undertakes Executor and Trustee business, and claims recovery of British Income Tax overpaid, on with buyers predominating. terms which may be ascertained at any of the Agencies and Branches.
The market continued steady
11
R. A. CAMIDGE,
Manager.
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE;
18, FINE STREET,
NEW YORK. An American Bank offering com. plete Foreign Banking Service in the principal Markete of the world
Interest Rates on Application...
SAFE' DEPOSIT BOXES
This Bank is entirely owned by THE CHASE NATIONAL BANK, NEW Youx, with Resources over U.S.$2,500,000,000.
D. M. BIGGAR;
Manager.
COMMODITY PRICES
Despite the impact of the crisis commodity prices showed a ten- dency to harden in March, accord- Ing to "The Statist" index number, which at 89.0 (1867-77-100) was 0.5 per cent. above the February Every description of Banking and the corresponding figure for last level, and only 5.5 per cent below Exchange business transacted: Loans year. granted on approved securities.
Pulping
Ad
Both the materials and food- Current Accounts opened in Local Currency and Fixed Deposita re stuffs groups showed increases ceived for one year or shorter and among the subsections the periods in Local and Foreign Car only weak feature was vegetable rancies on terms which will be foods-in which all the cereals and quoted on application.
SATT DEPOSIT BOXES TO LET..
rice were reactionary, though the KAN TONG PO,
decline was kept within bounds by Chief Manager, the strong seasonal rise in potato
prices.
BANK OF CHINA'A
"
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA,AS AN INTERNATIONAL EXCHANGE
BANK
Among animal foods, bacon and butter were weaker, but beef in- creased and mutton prices showed a good rise. Among plantation foods small increases were ex- hibited by tea, coffee and sugar alike. In minerals, the further slow upward movement in non, ferrous metals was counterbalan-
PAID-UP CAPITAL $40,000,000.00 ced by the drop in the export
(BRANCHES ALL OVER CHINA)
price of coal, leaving the section
Owing to our numerous Branches
in China and connections, in the only slightly firmer.
principal Commercial Centres of Most textiles were rather better
"the World, we are able to extend with the exception of cotton, jote,
BUYERS
HK Bank, $1385. Union Ins., $435. H.K. Fires, $180.. Douglasen, $87. H.K. Wharves, 5107. Providents, $43. H.K. Docks, $18. HK. lands. 535. Humphreys. '37.90. HK Realties, $41. H.K. Tramways, $16.50. Star Ferries, $66/1. China Lights (O), $8. HK, Electrics, $55). Sandakan Lights, $12. Telephones (0), $23. Telephones N); $7.65, Carton Ices, $1. Cements, $13. HK. Ropes, $3.70, Dairy Farma Ex Rts., $2LR. Dairy Farms Rta., $154. Watsons. $8. Wing On, $41. Constructions, $1.40.
FL.K. Govt. 4% Loan 4% H.K Govt. 34% Loan Par.
SELLERS
HK Bank, $1405. Canton Ins., $230. Providents, $4.80. H.K." Electrics, $561.
SALES
HK, Lands, $35). H.K. Tramways,, $18.80. H.K. Electrics, $551/56. Telephones (0), $24. Dairy Farms Rts. $16.
PHILIPPINE GOLD MINING QUOTATIONS
Coco Grove. Demonstration
San Mauricio. United Paracale Itogon ..... North Camarines
Centavos
36
121
FINANCE
HONGKONG SHAREBROKERS”
ASSOCIATION
VOLUME OF BUSINESS TRANSACTED FOR WEEK ENDING
}
HK. Banks Wharves Lands
Dairy Farms Yaumati Ferries Macau Electrics/
3.8.
MONDAY, MAY 29, 1939. --PAGE 13
PRESIDENT LINER
Sailings
FOR SAN FRANCISCO & LOS ANGELES
VIB SHANGHAI, Kose, Yokohama and Honolulu
Baile June 4th at 11 Room
June 16th at 1201 AM...
June 30th at 1201 A.M.
MAY 26, 1939.
15
$1,365.00 to $1,400.00
3100
108.00.
500
35.20 to
35.60
346
21.75 to
22.00
150
22.30
100
16.75
8.S. " "RESIDENT COOLIDGE"
Providents
600
4.55
China Lights (0)
211
8.50 to
4.70 8.55
China Lights (N)
500
3.50
11
Electrics
120
56.00
56.75
Watsons
700
.8.00
88. * PRESIDENT TAFT" 88. * PRESIDENT (LEVELAND 8.S." PRESIDENT FIERCE" $8. “ PRESIDENT COOLIDGE " 8.S." PRESIDENT TAFT **
17
July 14th at 12.01 AM. -
100
18.60
July 28th at 10:00 AM. Ang: 12th at 8.00-A.M.
H.K. Docks
50
18.00
5,000
Ps. 0.221,
5,000
Ps. 0.27
Coco Grove
3,000
Ps. 0.35
FOR NEW YORK & BOSTON via SUEZ
United Paracale
5,000
Ps. 0.53
Big Wedge
$5,000
Pa 0.29
88. "PRESIDENT FOLK”
North Camarines Atos
5,000 5,000
Pa: 0.36 Ps. 0.29)
8.S. * PRESIDENT GARFIELD "
Trams
Itogons
Antamoks
MINERS MAKE GOOD ON THE LAND
5
AGRICULTURAL MACHINERY WORKS
The International Harvester Com-
Co-operative Scheme pany of Great Britain has begun
In Glamorgan
the building of its Doncaster factory on the 32-acre site on the Wheatley Park Estate which it
It is expected that at the outsel
A colony of about 100 unemployed purchased last year. ex-miners settled on the land. in. the Vale of Glamoran three years 400 people will be employed, but ago have made good.
that ultimately the company will make..Doncaster the centre of its. European system, manufacturing [all kinds of agricultural machinery
and Commercial Tehicles,
some employing people.
Last year gross sales realised nearly £30,000 an increase of £8.- 665 on the previous year,
Approximately 3,000 tonia 01 produce, including tomatoes and mushrooms 'were sold.
thousands of
Wages totalled over £13,000, each settler averaging 448, 4d, weekly, The factory will have direct In addition' each man received tree access to the railway and the River vegetables valued at 25. 9. a week. Don. and the the railway sidings
The scheme was organised by the are now being installed. Welah Land Settlement Sociey for
the Special Areas Commissioner,
and is co-operative.
"
Each settler has his own cottage CONSIGNEES' NOTICES
and garden at a nominal rent of
four shilings weekly, Employment
is now available for the sons and daughters of the co-operatora.
An additional 100 acres of land has been acquired and six more families will be settled there shortly
MAERSK LINE
NOTICE TO CONSIGNEES
| THE ME.
T
"PETEK MAERSK *. having arrived from New York and Ports of call Consignees of Cargo are hereby notified that their goods are being landed and placed at their risk into the Hong Kong and Kowloon Wharf & Godown Company's godowns at Kow- Joon, where delivery may be obtained na soon as the goods are landed.
CHINESE MECHANICS SERVING MOTHERLAND CHUNGKING, May 28 (Central) More than 1,500 overseas Chinese mechanics from the South Beas. armed only with lacks and mecha-
Optional cargo will not be landed nical tools, are serving their here, unless notice has been given 48 mother country in the present war, hours prior to vessel's arrival, but These mechanics, most of whom carried on from port to port to the final are, by profession, car drivers and port of call to which the option
fextends. repair experts, have' given up good No Claims will be admitted after positions abroad to render their the Goods have left the Godowas, and services to China, Many of them all Goods remaining undelivered after have been sent to the key spots the 3rd June, 1989, will be amajout, to
Bant in free China where the activity
All broken, chafed, and damaged Goods of national reconstruction has are to be left in the Godowns, where made them particularly useful, they will be examined on 2nd June, 1989, Hundreds of others are still under- at 10 am., by our Surveyors Messrs. going intensive training in Yunnan Goddard & Douglas
Province.
To comply with the General Bonded These men have come here un-must have a Revenue Officer in attend- Warehouse Begulations conîgzben der the auspices of the South Seas anes when damaged dutiable goods are Chinese Relief Association which examined.
maintains its Singapore.
headquarters in
FUKIEN TRADE
SHOWS DROP
All claims must reach us before the 3rd July, 1938, or they will not be recognised.
No Insurance will be affected,
Bills of Lading will be countersigned by
JEBSEN & 00.,
Agente,
FOOCHOW, May 23 (Central) Hong Kong, 27th May, 1939
A sudden drop in the provincial trade of Fulden, which", showed; 106 signs of picking up since, the be- ginning of the current year, - was "noticed in April and May follow- ing extensive Japanese bombings and tightening of the Coastal blockade.
52
221
36
PHILIPPINE GOLD MINING QUOTATIONS Saturday, May 27, 1939.
Centavos
Cocu Grove Demonstration Itogon
38
12
22
1.06
62
36
Market Comment-Qrdet.
Ban Mauricio United Paracais North Camarines
HONGKONG
SHAREBROKERS'
to our Clients special facilities for tax and silk maintaining their Volume of Bukiness Traumsted Domestic and Foreign Banking and Exchange.
Head Office:-SHANGHAI
Hong Kong Branch;
4, QUEEN'S ROAD, C. South China Officei: CANTON
KONGMOON SWATOW ANTOISHANADA SHIUCHOW____ 'KINGCHOW
We also handle the issue of Bonds and other Public Funds of the Chinese Government both at Home and Abroad.
upward tendency, and wool and
>>During the „first quarter of the year, the total amount of Fuklen's trade totalled $28,311137, - repre- senting an increase of $6,652,569 over the last quarter in 1938, and an increase of $10,624,589 over. the same period last year,
NEW ENGINEERING WORKS
*[434
CONSIGNEES' NOTICE.
THE BIN LINE STEAMERS, ITD.
From LEITH, MIDDLESBRO”,
ANTWERP, LONDON AND STRATTS
THE 8,8. • BENMAODHUL“
"YONSIGNIES of Cargo san hersby
at their rink into the hmunziona
and for extra hasanions Godowas of Eas Horo Kors and Kowloon @WxARF "AND GODOWN CONFANT, LSO, Whenon and/or
Work will shortly be started on from the
AND FORTNIGHTLY TERREAPTI
Baila June 9th at 13 Noor July 7th at 18 Noor
AND FORTNIGHTLY THERMAFR
FOR
MANILA
8.8. PRESIDENT TAFT""
8.8. "PRESIDENT. POLK” 6.8" PRESIDENT CLEVELAND "
8.8. "PRESIDENT PIERCE"
Sails June 9th at 1.00 AM,
11.
June 9th at 13. Noo
June 23rd at 1.00 A.M.
July 7th at 1,0) A.M.
AMERICAN PRESIDENT LINES
BOUND WORLD SERVICES
12 PEDDER ST.
THE
TEL. 28171.
CHINA-SIAM
HONG KONG-BANGKOK
HELLAS" 24 HEL109" 1.4. “HIRAMTM AL "HELLAS"
LINE
leaving Hong Kong 31st May via Swatow leaving Hong Kong3th June via Bwatow leaving Hong Kong 18th June via Swatow leaving Hong Kong 28th June visa Bwatow BONG KONG-SWATOW-AMOY "HAI LEE” leaving Hong Kong 4th June 12. “HAI BING* leaving Hong Kong 24th Juzo Accepting Passengers & Cargo for all the above metioned ports. „HONG KONG-SINGAPORE—PENANG ——KANGOON
#
m.s. " HAI LEF”.
Regular Express Service
learing Hong Kong leaving Hong Kong
ma. “HAI HING”
10th June seth Jane " Accepting cargo for all the above mentioned ports.
Excellent passenger socommodation available.
For freight, pamage ratia and all other information--Apply to:- THORESEN & CO., LTD.
Queen's Building.
Tel. 30937.
General Agenta,
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
י ן:,.
of Lading to the usual transhipment ports,
For Freight and F'assage apply
to the Agents:
W. R. LOXLEY & CO., (CHINA) LTD.
Tel. 34103
York Building,
NOTICE TO CONSIGNEES.
AMERICAN & ORIENTAL LINE
Biom BALTIMORE, NEW YOBE, NEWPORT NEWS, BAVANNAH, LOS ANGELES & SAN FRANCISCO
THE MYSTRI
LOSSIEBANK"
SERVICES – CONTRACTUELS
LASERIES: MARITIMES
CONSIGNEK NOTICE.
8.8. * ARAMIS " - 14A/39.
BRINGING CARGO FROM: MARSTILLES via SAIGON, etc.
"ARKIVET HONG KONG on WEDNESDAY, THE 24TH MAY, 1829,
baring arrived, consignees of cargo by being landed at their air into the thus their goods with the exoner ONSIGNIES are hereby inform her arm informed that all goods are herardons Nd/or extra-hazardone godowns of the Hongkong & Kowloon of Opfum, Transuse and Valuabl Wharf Godown Co. Ltd. whence being lauded & storefi mid the Gezins delivery may be obtained; den K of the Hong Kong, Kowlood W
No dam will be admitted after the Godown Co. Ltd., Kowloon, where goods have left the gedowns and i delivery may be obtained, immes goods remaining undelivered after and June, 1989, will be subject to motor before the 3rd June, 1928,
claims must be sent in to me on All claims against the vessel must
a large new factory for John obtained, harris Delivery may be Marton, Ltd., a subsidiary como Claims will be aduified after the Goods have left the Godowns, and ad pany
of Imperial Chemical Goods remaining undelivered after the ASSOCIATION Industries, Ltd., on a site of over 27 29th May, 1939, will be subject to rust,
acres at Wolverhampton."""
All Claims against the Baumer at The company's present factory in be presented to the Undersigned on or Wolverhampton employs over a before the 12th June, 1939, or they will
not be recognised. 200 $22.00 thousand people on the manufac To comply with the General Fonded 1,000 8.10 tare of aircraft and automobile warehouse Regulations." consignise
be presented to the undersigned on or they will not be recognised 100 35:50 radiators, tanks, oil coolers, general must have a Revenue Officer in sitand- before 9th June, 1889,
55.75 engineering works, etc.
when damaged datable goods, nos le recognised. all, shaded and dinged Goods must be lets in the godewas, where they the Consignees of 1000L OF TH Aro examined, Ban
All brokan, chafed and damaged, Foods Goddard & Dongles in the prENOR.
Consignes must hava
on Saturday, May 21, 1939 hemp showing an increase. In Dairy Farms aundry materials the feature wa Watsons the strong rise in timber prices
Lands which offset weakness in hides, Electrics tallow, palm oil and olive oil, Canente while leather and senda continued
harder
40
500
13.35
LOT!
They
Damaged Fackage will be
by the Company's Burveyor;
It is hoped that the arst part of the new factory, giving a floor
are to be left in the Godowns when will be examined by the steamer's day the 20th May, 1829 space of 50,000 sq. ft. will be ready they will be examined, in the 17th May, During the Arst two months of for use by the beginning of July, 1989, at Bsm by Mesra, Carife surveyor on the End Juás: 1889; toer in stendance · 1939 coal and coke shipments, from providing work for about 500 í & Clarke UAE RAZ10 LANG WANTE
A direct shipping link between the Tyne to foreign ports were the Argentine and the North-East higher ring to a good seasonal
ph Coast has been established Regular demand from ficandinavia and the 8200 J. CHEN, fortnightly services to the River beavier requirements of Germany
(kaper: Plate are to be run by five steamers, and Italy for gas and coking coal
people.
No Ti
When developed, the site will
WIE. LOXLBY Z 06 (CHINA) Lan accommodate a factory witës 160,-. 900 sq. ft. of floor space providing Hong Kong, Ind*7, 1949, employment for over 1,000 people.
No Fire Insurance has been effected goods (arsztamised by Bill of Lading will be countersigned by THE BANK LINH (CHINA) LTD.,
Hong Kong, 26th May, 1829,
[406
Barreyors
No Fire insurance na in any ques
Hong Kong, 244b