HONGKONG DAILY PRESS
BANKS
H. K. STOCK
EXCHANGE
As unial on a Saturday morning. the market wg not too - BALËVE,
HONGKONG & SHANGHAI THE CHARTERED BANK OF though. Watson's were an excep-
BANKING CORPORATION
ון
INDIA, AUSTRALIA
AND CHINA
Authorised Capital......... $50,000,000 Issued Fully Paid-Up 20,000,000 Incorporated by Royal Charter, 1853
Reserve Funds:
Sterling
.$90,000,000
Head Office:-HONG KONG
£3,000,000 ..£3,000,000
£3,000,000
£ 6,300,000 Paid-Up Capital H.K. Currency Reserve $10,000,000 Reserve Fund Reserve Liability of
Reserve Liability of Pro-
prietors Proprietors
HEAD OFFICE: LONDON:
09 Bishopsgate E.C.2. Sub-Agencies In London: 117/192, Leadenhall Street, E.C.3. West End Branch: 14/16, Cockspur Street, S.W.1. Manchester Branch:
Hoard of Directors: Hon. Mr. A. L. Shields,
Chairman.
Deputy Chairman,
W. H. Lock, Esq..
J. I. Bousfield, Esq.,
A. H. Compton, Esq.,
Hon. Mr. S. H. Dodwell,
D. F. Landale, Esq.,
G. Miskin, Esq.,
59, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES:
H. S. Morrison, Esq...
ALOE STAR AMRITSAR BANGKOK
Hop, Mr. T. E. Pearce,
H. V. Wilkinson,, Esq.,
Sir Vandeleur M. Grayburn, BATAVIA
Chief Manager.
Branches:
Amoy
Ipoh
Bangkok
Johore
Batavia
Kobe
Penang Rangoon Saigon
Bombay
Kowloon
Sar
Calcutta Kuala
Chefoo
London
Colombo
Lyons
BOMBAY CALEDITA
AGENCIES: CLIVE STREET PALLIR PLACE CANTON CAWNPORE
CKBU
Francisco COLOMBO
Canton Lumpur Shanghai
Dairen Malacca
Foochow Manila
DELET
HARBIN HUNG Taxo ILOILO IPOX
*TENANG
KARACHI KLANG
KOM
RANGOON
SALOON SEREMBAN SHANGHAI SINGAPORE SITIAWAN BOUMABAYA
LUMPUR
TAIPING
KUCHING
TIENTSIN
KUALA
MADRAS
(Peking)
TONGKAH
(Bhuket)
MANILA
MEDAN
Singapore
HAIPHONG
NEW YORK
TSINGTAO YOKOHAMA
Sourabaya
Sungei
HAMBURG. HANKOW
PEIPING
Haiphong Muar
Hamburg
(Johore)
Hankow
Mukden
Harbin
New York
Patani Swatow Tientsin Tokyo Tsingtao Yokohama
Hongker Peiping Iloilo
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. CURRENT ACCOUNTS opened in
SAVINGS ACCOUNTs also opened in LOCAL CURRENCY and FIXED DEPOSITS Local Currency and Sterling with received for one year or shorter periods in Local and other Cur-interest allowed at rates obtainable
on application.
rencies on terms which will be quoted on application.
Atso ap to date SAFE DEPOSIT Boxes in various sizes To LET Hong Kong, 13th Mar. 1639.
HONGKONG SAVINGS
BANK
The Business of the above Bank; is conducted by the HONGKONG “& SHANGHAI DANKING COR- FORATION. · Rules may be obtain- ed on application.
For the Hosarosa'& SHANGHAI BANKING CORPORATION,
V. M. GRAYBURN,
"Chief Manager. Hong Kong, 25th Feb., 1838.
BANK OF EAST ASIÁ,
LIMITED
Authorised Capital $10,000,000.00 Paid-Up Capital............................. 5,588,800,00 Reserve and Undivided
Profits
2,883,832.01
Head Office:-HONG KONG No. 10 Des Voeux Road, Central,
Board of Director:-
Bir Shiuson Chow, Chairman
Li Koon Chun, Esq. Li Lan Sang, Eng. F. K. Kwak, Esq.
Wong Chu Son, Esq. Wong Yes Tong, Esq. Han Ying Po, Bag."
Chan 'hing Bhok, Esq. Fung Fing Wah Eag
Kan Tong Po, Esq., Chief Manager.
Li Tse Fong, Esq., Manager,
Amoy
Estarin
Bombay
Branches and Agencies:—
Calcutta
Baiphong
Kowloom Prasar Singapore Baroon Bourabaya
Bwstow Balgon
Lagdee"
Mazila
Melbourne
Haskow New York
Ronolala Parly Tobe
Bax Fran- Bydany
ciao Tianleid
VancoETTY
Bemarang Psiping Shanghal
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposits re- ceived for one year, or shorter periods in Local and Foreign Cur rencies on terms which will be. quoted on application.
SAFE DEPOSIT Bots To Lot. ka
KAN TONG PO,
Chief Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE".
tion, and were dealt in quantity from $8.40, to $81. Closing tone steady,
AUYERS
HK. Bank, $1380 Union Ins, 54STI.... China. Underwriters, $1.40. HK Fires Ins, $180. H.K. Wharves, $109 HK Docks, SIA, Providents, $43.
HK, &. 8. Hotels, $5.65 HK. Lands, $35). Humphreys, $8.15 HK. Realties, $4).
HK. Tramways, $18.60.
Star Ferries, $66). China Lights (Ola), $8.55. H.K. Electrics, $55). Cantón Ices, $1. Cements, $13.40. ·
Dairy Farms (Old), $21.85. Dairy Farms (New), $20.90 Watsons, $8).
Wing On (HK), $41.
HK, Govt: 4% loan; 4%.m. HK. Govt 34 loan, par.
SELLERS
HK. Bank, $1420. HK. Docks, $185. Providents, 44.65. R.K. Lands, $38). H.K. Electrica, $564. · Cements, $13.90, Watsons, $8.90.
SALES
HK. Wharves, $110. HK, Docks, 918.
Watsons, $8.40/50.
भे
H.K, Gort: 4% loan, $1/8pm. PHILIPPINE GOLD MINING.
QUOTATIONS . -
Batong Buhay
FINANCE
BIG REDUCTION IN WAR RISK SHIPPING PREMIUMS
Big redactions in war-risk for shipping, were announced on May 8, the principal alteration being a lowering of the addî- tional premium for voyages through the Mediterranean or Balls by nearly one-half, front 20s, percent to 12a 6d, per cent.
The new rates came into force ! on May, 9. They have been decided on by the Institute of London Underwriters and it is indicated they are for risks outside the war-risks cargo pool with which the Government is co-operating.
"
JAPAN SHORT
OF GOLD
An underwriting authority sald: Requisitioning From
"Possibly the institute considers that conditions are sufficiently quiet now to justify bringing
the rates down."
Basic rates to many countries have also been cut by 2s. 6d, more in some instances. Premiums from British, Eireann, "or Continental ports betweer. Bordeaux and Denmark (with certain additions) are lowered in most cases from 23. 8d. to as much as 7s. 6d. below the rates quoted in the last schedule a month ago.
The People
SHANGHAI, June 2 (Intl)— Having depleted their gold reserve owing to prolonged war in China, the Japanese Government is requisitioning gold and all articles made of gold from June 30, according to a Tokyo dispatch,
The survey this time will come under the strict provisions of the Maed Gold Law and is all in- There are reductions also including and all pervading. It rates, between other countries, in-will cover all kinds of gold articles, cluding Portugal and Spain, from personal jewellery to orna f
America, and Australasta.
!!
ments and utensils. The Institute has also removed
This time the only exemption the clause making the rates ap-are dental gold, certain kinds of plicable only to vessels from speci- needles used by doctors, rayon ned countries, including Britain, manufacturing nozzles, Lightning France, Germany, Italy. Japan, conductors, fountain pens, badxes. and the United States.
monograms and Initials frum which it would be dificult to extract, the pure gold.
HONGKONG
SHAREBROKERS'
ASSOCIATION] Volume of Business Transacted' 1
on Saturday, Jutte 3, 1939, Wharves
Watsons
Centatos
Watsons
:015 Watsons
Benguet Consolidated The Bank's Head Office, in London Coco Grove undertakes Executor and Trustee Demonstration business, and claims recovery of Itogon Mining British Income Tax overpaid, on Manbulao Consolidated terms which may be ascertained at Mine Operations any of the Agencies and Branches. North Camarines
Paracale Gumaus R.,A. CAMIDGE,
Manager, Ban Mauricio
THE CHASE BANK
13, 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
This Bank is entirely owned by THE CHASE NATIONAL BANK, New York, with Resources over
8.$2,500,000,000.
D. M. BIGGAR,
Manager.
Suyoc Consolidated United Paracale Mindanao Motherlode
13.50 watsons
Reports must be filled and re- turned to the authorities July 5.
ty
List Of Articles Included in the list of articles $110.00 which must be reported are rings, 8.40 necklaces, buckles, cuff buttons. 8.50 hair ornaments, ear rings, watches, 8.51 spectacle trames, compacts, band. 8.60 bags.
Upstick holders or con- tainers, walking-stick・ händies. 8.65 lighters, cups, spoons tea kettles. 1.50 candlesticks,
incense burners. 4.80 medals, paper weights, pen katves. 4.75 seals and seal pad holders.
100
2,000
500 1.000
1,000
38
China
Lights
117
(0)
500
24.
Underwriters
103
... 1,000
Providenta
1,000
16
Providents
250
35
173
Coco Grove..... 1,000
Fs. 0.36
1.08
15
31
FAIR ADVERTISING
116
PHILIPPINE GOLD MINING
QUOTATIONS
Marsman (H.K.) 500 3/10
Ownership of national treasures for fine art objects designated by the government Es important articles worthy of special pro- Somebody in the Post-office tection must be declared, regard- Department certainly got tact-less of whether or not the goy- less.
ernment may at some future date
When 10,000 new 3-cent stamps. decide to buy them, The blanks arrived for sale in the post-önce must, be filled in by heads of at the Golden Gate International families, trustees of juridical per- expostition in. Ban Francisco it sons and other organipations. was found they advertised the False declaration will be punish- New York world's fair.
led by fines up to Tên 300.
Saturday, June 3, 1939.
Centavos
Benguet Consol
11.50
Coco Grove
361
Demonstrations
113
Mindanao
111
Itogons
24
Paracale Gumaus
171
San Mauricio
1,08
Buyoc Consol,
151
United Paracales
51
North Camarines
35
Batong Buhay
0.15
Mine Operations Manbulao Conso),
16
101
Union, Ins.
Wharves
LONDON GOLD
London, June 3 (Reuter), « Bar Gold, Fine per oz., 148/5. Dollar Farity. 1/2d, premium.
Chinese Resistance Gains
French
Support: Boycott
Of Japanese Goods Certain
CHUNGKING, June 1 (Central)--A most encouraging mes- sage to the Second Annual National Assembly of
the
Chirim Branch of the International Campaign 'held recently, from the French I.P.C. National Committee has been received. It pays A high tribute to the heroism and tenacity with which China fights against Japaness aggression and praises the work undertaken by the Chinese International Peace Campaign in the extremely diff-~- cult condition of the war,
Government, has decided on May 3, 1939, to prohibit all im portation of Japanese producti to France other than silk and camphor.
Boycott Movimäent - Regarding the French movement
HONGKONG SHAREBROKERS®
ASSOCIATION
VOLUME OF BUSINESS TRANSACTED FOR WEEK ENDING
Trams
Electrics
Lands
JUNE 2, 1939,
5
950
$440.00
:
1,000
108.00 to $110.00
16.60 to
213
16.70 55.75 to 56.00
100
35.50
Watsons
2,200
8.10 to
8.35
H.K. Docks
· 100
18.30
Cements
1,000
13.25 to 13.50
Dairy Farma (0)
200
22.00
Dairy Farms (N)
200
21.00
Yaumati Ferries
233
22.50 to
22.65
l
500
4.773
Underwriters
2,000
1.35
China Lights (0)
1,500
8.60
Ewos
300
18.80*
Marsman (H.K.)
1,000
San Mauricio
2,000
Ps. 1.06
United Paracale
2,000
Px, 0.50
10,000
Ps. 0.18
1,000
Ps. 0.22)
10,000
Ps. 0.26
10,000 1,000
Pa 0.05
Ps. 0.35
Providents
Suyoca
Itogons
Antamoks
Syndicate Investments
North Damarines
MONDAY, JUNE 5, 1939. --PAGE 13
PRESIDENT LINER
Sailings
FOR SAN FRANCISCO & LOS ANGELES via SHANGHAI, KOBE, YOKOHAMA and Horolulu
88. "PRESIDENT TAFT ".
Sale June 16th ab/1101 AM). 88. "PRESIDENT CLEVELAND": 8.5. " PRESIDENT PIERCE"
· S.§. “ PRESIDENT COOLIDGE " 6.S.'" PRESIDENT TAFT"-
AND FORTNIGHTLY TRAINI
June 30th at 18.01 A.M. July 14th at 13.01 A.M.
July 29th at 10.00, AM. Aug. th at 8.00 AM.
88. SS.
FOR NEW YORK & BOSTON via SURZ
PRESIDENT POLK” PRESIDENT GARFIELD"..
14
Sails June 9th. at 13 NOON
July 7th at 19 Noor AND FORTNIGHTLY THEREAFTER
FOR
S.S." PRESIDENT TAFT" S.RPRESIDENT POLK”
MANILA
8.8. PRESIDENT CLEVELAND" 8.S." PRESIDENT FIERCE"
·Sails Joge 9th at 1.00 A.M..
June 8th at 12 Noor
June Kard at 1.00 A.M.
17
тр
July 7th at 1.00 AM,
AMERICAN PRESIDENT LINES
ROUND WORLD SERVICES
12, PHDDER ST.
THE
TELL 28171.
CHINA-SIAM
LINE.
7th June via Swntow
HONG KONG-BANGKOK "EFL108"
learing Hong Kong .... "FIRAM"
leaving Hong Kong 6.2. “HELLAS"... leaving Hong Kong
18th Juns via Swatow 18th June is Swatow BONG KONG-SWATOW-AMOY: "HAI BING" leaving Hong Kong Accepting Passengers & Cargo for all the above metioned parts. HONG KONG SINGAPORE -PENANG-RANGOON
X0.8.
Regular Express Service
.. "HAI LEE".
ma. "HAI HINGTM
24th June
10th Jane leaving Hong Kong leaving Hong Kong 30th June Accepting cargo for all the above mentioned ports. Excellent passenger accommodation available..!! For freight, passage rates and all other information—Apply to:
THORESEN & CO., LTD.
Tel. 30237.
General Agents,
Queen's Building,
THE BEN LINE STEAMERS, LTD.
S.S. “BENMACDHUI”
Sailing för LONDON, ROTTERDAM, ANTWERP, HAMBURG and LEITH on of about the 9th June, 1939.
Cargo will also be accepted on through Bill of Lading to the usual transhipment ports.
For Freight and Passugé apply
to the Agents:
W. R. LOXLEY & CO., (CHINA) LTD. York Building.
Tel. 34165
SHARE MARKET | MOVEMENT OF GOLD AND SILVER
REVIEW
HONGKONG SHAREBROKERS'
ASSOCIATION
The message then proceeds bo telate the work which the French Committee has done in aid ot China. It reveals the organisation of the Franco-Chinese Group by the French parlamentarians in
The market has remained quiet the Chamber of Deputies, on the initiative of the French LPC for
for the week with little change in shares have been the purpose of defending China's for the boycott of Japanese foods, price levels.
the message reports that im difficult to detain and in te of This Group is composed of inure the provinces in France as well as predominance of buying orders than 200 Depaties representing all in the colonies, demonstrations there has been very little improve- PAID-UP CAPITAL $40,000,000.00 the political parties except the gathering thousands de animencement in prices, as inresoon, for (BRANCHES ALL OVER CHIRA). French Böcial Party. a Fasclet are being field. For example no the most part, were not prepared Owing to our numerous Branches Party, whose entire political post. less than 27 meetings have taken to make appreciable advances in in China and connections in the tion is inspired by the example place in North Africa alone and 18 their bids. With dimicul trading princips! Commercial Centres of
or the totalitarian countries/«
BANK
the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange.
Head Office: SHANGHAI
Hong Kong Branch:
4, QUEEN'S, ROAD, C. South China Offices: CANTON
KONGMOON SWATOW I TOIBHAN SHIUCHOW KINGCHOW
We also handle the issue of Bonds and other Pablic Funds of the Chinese Government both at Home and Abroid.
SZOCCHEN,
of tnager.
cause,
*
At The Support
Total EXPORTS from the United Kingdom: Including: To the United Bestes.
London, June 3 (Friday).
Week ended Week ended
-May 24 May 31
15,775,000 9,111,000
Total IMPORTE into the United Kingdom Including from British Africa
The Netherlands
British India
Southern PHOTERIA
·AUSLTAÍR.
HILTER
Total EXPORTH from the United Kingdom Includirig::" To the Urifted States
Total IMPORTa into the United Kingdam
30.000
CONSIGNEES NOTICES
PRINCE LINE.
"NOTICE TO CONSIGNEES
Frox
NEW YORK, SAN FRANCISCO.
T
白醬oto址:
*CHINESE PRINCE -
hüving arrived from the abo
on Ord farmal, Canagana
bomby informed (say, there
Godowns of tid Hing Köily did Kinjo
Wharf and flodown, Company, Kowloon, and stoped at Congres
and expense..
2All broken, skafada and
2,000
104,000
121,000 103,000 1,000
are to be tits, in
LONDON BULLION
SHIPMENT
have been organised in the Savoy conditions the volume of business shows no ficrease over that re- Province.
"Now the "French Branch takes Corded for the previous week. The $4.75 with Yales at 14.778. Bušiness a number of preliminary steris for market, however, is fimmer at the has been reported in China Lights
9th fatant, 1939 The composition of the Franco-promoting a decision by the Gov- close with indication of increased (O) at $8,60, Underwriters at $1,33
16 Days of Chinese Group in the Chamber ernment so that freedom of transit enquiry and improving pices. ind" Cements at $13), Wryer LONDON, June 3 (Reuter)The whieht. declares the teste, le demon- and of replenishment of war After changing hands at $1415 improved to $110 and HL. Does P. & o. liner Corfu is carrying stration that the majority of materials series Indo-China be Banks had buyers at $1405 with to 318.30-
specie to the value of £11,500 in-No Claras French public, opinion, inspired by accorded in contomilty with in-sellers at $1420, Unions came in The Manila market has been dull cluding: the action at the LP.C., da decided ternational Law."
for enquiry with trustress reported | ând prices have given way to some
Child in bringing to you all thielt support In conclusion the menage gave at $445. Trans remained stende 12 extent owing to lack of interes in, your sauggle against the as-assurance of the French Commit- $16.60, Star Ferries at 6661. Lands rather than to any selling pressure, gressor and that it has not ceased tees' active sympathy and wil to at 3361 and Electrics bad buyers United Paracale receded to 48 ctra. to exact from the French Govern-aid, by every means, the Chinese at 455) and Sales at 158. Watsons but later reentered to 50 etv Ban ment an action in this respect.”
people in the trying hours they fo showed improvement, and came to Mauricio has remained stendy at through in defending the just business at foto with further en- Ps. 1.06 and Benguet Consolidated Gruse of peacs, of law and of inquiries at this price. Hotels were at Ps. 11.50 Antamoks lost 2 ctvs. dependence.
wanted at $5.70 and Providenta at" to 26 ctys. "Market closes qulets,
The massage goes on to tell about the French boycost of Japanese imports. The French
Bombay. 23,500,
Silver
-Bombay, 24200. Triopol, £500. Byria, 2.500 Aden, 29,300,
The steamer Burat 15 carrying 6500 worth of Bliver to Calcutta,
Gooda
10th instant, w
Na Pire Insura
Bill of Lad
ding
310
Hong Kong, Bed June, 2009,