MUNGKONG DAILY PŘESS
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital... $50,000,000
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1855 Reserve Funds:
Sterling
..$20,000,000
Head Office:-HONG KONG
£3,000,000 £3,000,000
£3,000,000
£6,500,000 Paid-Up_Capital H.K. Currency Reserve $10,000,000 Reserve Fund Reserve Liability of
Reserve Liability of Pro- Proprietors
prietors......
HEAD OFFICE: LONDON: 38, Bishopsgate E.0.2. Sub-Agencies In London: * 117/132, Leadenhall Street, E. 0.3.
* West End Branch: 14/16, Cockapur Street, S.W.1.
Board of Directors: A. L. Shields, Esq.,
W. H. Lock, Esq..
Hon Mr. J. K. Bousfeld,
Chairman.
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. V. Wilkinson, Esq.
Sir Vandeleur M. Grayburn,
Manchester Branch:
52, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES:
ALOE STAR
AMRITEAR BANGKOK
BATAVIA BOMBAY
HARBIN HONG KONG
Loite
IPOK KARACHI
KLANG
AGENCIES: KON
CALCUTTA
CLAVE STREST·· KUALA
FAIRLIK PLACE
CANTON
PENANG RANGOON SAIGON SEREMBAN SHANGHAI SINGAPORE SITIAWAN
- SOURASAYA
LUMPUR
TAIPING
KUCHING
TIENTSIN
Chief Manager.
Branches:
Амоу
Ipob
Penang
Bangkok
Johore
Rangoon
CAWNPORE
Batavia
Kobe
Bombay
Kowloon
Saigon.. San
Calcutta
Kuala
- Francisco
COLOMBO DELHI
MANILA
--MEDAN
Canton
Chefoo
London
HAIPHONG HAMBURO
NEW YORK PEIPING
Colombo
Lumpur Shanghai
Lyona
Dairen Malacca Foochow Manila
Haiphong Muar
Singapore
Sourabaya
* Sungei
Patani Swatow
Hamburg (Johore) Tientsin Hankow Mukden Tokyo Harbin New York Tsingtao Hongke Peiping Yokohama Iloilo
CEBU
HANKOW
MADRAN
(Peking)
TONGKAH
(Bhuket) TSINGTAO * YOKOHAMA
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 alas opened in LOCAL CURRENCY and FIXED DEPOSITS Local Currency and Sterling with received for one year or shorter interest allowed at rates obtainable periods in Local and other Cur-on application. rencies оп terms which will be quoted on application.
ALBO up to date SAFE DEPOSIT
BOI in various sizes To Lar
Hong Kong, 5th June, 189.
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 HoxGKONG & SHANGILAI 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
Reserve and Undivided
Profits
FINANCE
JAPAN'S INDUSTRIAL STRUCTURE
CRUMBLING BENEATH WAR STRAIN
Accidents Last Year Exceeds
Any Known Total
GOLD MINED FOR CHINA'S WAR CHEST
with technical help from
SHANGHAI June. .8 (Int) -Anti-war feelings in Japan and the dicated that machinery is wearing possibility of being involved in sout, and that the emphasis on world war as an Axis partner of speed, Instead of safety, is a large Germany "and Italy are largely factor in the problem.. responsible for a recent series of, accidenta in which hundreds of
Your Investigations have in have been, organised in the pro
Ilves were lost and vast property destroyed, according to an unimpeached dispatch from Tokyo.
Official figures showed that there were 379 Industrial ac- cidents, mostly fires, in 1938. This exceeds any known total by 66 per cent. It was thought to be an all-time high.
...
The Japanese AFO wandering, But 1939 is already well ahead said this dispatch, If the nation's in horror. In less than half a year. Industrial structure is not crumbling 200 similar accidents have occurred beneath the weight of the pro-84 per cent more than last year's tracted war in China.
supposed record. Officials describe the accident The frequency of these disasters list for 1938 and 1939 as "appall-brought Japanese detectives -- ing"
mediately on the lookout for The munitions and coal mining sabotage. If any evidence of it was industries, both of which have discovered, it was never announced. been running at white hêat since
THREE CAUSES
the war started, have been the scene of one disaster
after
CHINESE DOLLAR
BREAK
ever-
|
CHUNGKING, June 7 (Central)----. the National Resources: Commission of the Ministry of Economic Affairs and various provincial authorities KIT · gold-mining · administration
viness of Sikang, Chinghal, Hunan, Szechwan, Honan' and Kwangsi. Directing these concerns is the Bureau of Gold Mining under the Ministry.
Most Chinese gold comes from private mining organisations. m 1938, 56 new permits were granted to such enterprises, making a total of 101 gold-mining companies. There are also a number of indivi- duals and groups which have not toubled to ask for permits About 150,000 ounces of gold was mined by licensed miners last year.
Leading Provinces Szechwan is one of the nation's leading gold-producing provinces. More than 300,000 of its people are mining and washing gold, especial-
▲ police survey listed threely along the upper reaches of the general
CRUSCH for the darkening industrial record:"
1. The use of unskilled workmen in the mines and munitions factories.
2. Over-hasty conversion "of factories into munitions workr
Min and the Kialin rivers. With pick and pan, each gold-washer in northern Szechwan washes in average of two dollars worth of gold a day.
Alding them gold-miners is the Chinese Industrial "Co-operatives
Decision To Allow without installing proper safety which has helped organise 12 gold
devices.
co-operatives in southern, Shensi, and is planning to extend its service to miners in Szechwan, Hanan, and other provinces. It is hoped that the total output of gold in western China will be increased to 300,000 ounces or $83,000,000 worth before
Exchange To Find 3. The "dissolute" lives of work- men who are receiving unprece- Natural Level
dented wages from war, Japan lack's The attempt to
SHANGHAI June 8 (Reuter) the industrial machinery to feed
stabilize the her guns on a scale as large, any Chinese National currency at 3d or for a period as long as the China
d has been abandoned." declares War has demanded. Hence, hun the end of the present year. the "Financial News", in dealing dreds of factories were made over. with the break in the Chinese They have not been able to stand
that Japan's productive the wear and tear. dollar.
machinery has begun to crack The broad basic reason, however, under the strain.
The Bank's Head Office in London
This paper says that the Chinese undertakes Executor and Trustee business, and claims recovery of Stabilization Fund yesterday decid British Income Tax overpaid, on led to allow the exchange to and terms which may be ascertained at its natural level. · any of the Agencies and Branches.
R. A. CAMIDGE,
THE CHASE BANK
CONSIGNEES NOTICES
HAMBURG-AMERIKA LINIS
NOTICE TO CONSIGNEES.
THE S.S.
No effort will be made to peg the exchange again until there is Manager.good reason to believe that it has
reached a level at which it can bel easily defended.
The decision to allow the exchange fall was taken in view of the deterioration of China's
"PREUSSEN" trade balance" and the recent big capital efflux. This caused heavy baving arrived from Hamburg and inroads into the £5,000,000 re- Forts of call, Consignees of Cargo are serves of the Stabilization Fund, being landed and placed at their risk. hereby notified that their goods are although there is no truth in the into the Hong Kong & Kowloon Wharf suggestions that these resources & Godown Company's godowns at are nearly exhausted."
Kowloon, where delivery may be obtained as soon as the goods are
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
5,508,600.00 This
2,883,932.01
THE
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors:
Bir Bhonson Chow, Chairman
Lá Koen Chan, Esq.
P: K. Kwok, Eat.
Li Lan Sing, Esq.
Wong Chu Son, Esq.
Wong Yun Tong, Esq. Kan Ying Po, Bag, Chan Ching Shok, Kaq. Fung Ping Wab Esq. Kas Tong Fo, Esq., Chief Manager. Li Tas Fong, Esq., Manager,
Amoy
Batavia
Bombay
Branches and Agencies;—
Kowloon Pozn Singapors London Hangoon Bourabaya Manils
Saison
SWELOW Melbourne Ban Fran. Bydzay
caso Berteln
Caleatis
Haiphong
» Hankow
Houstala Kube
Pari
New York Beattle Vancouver Semarang Palping
Shangbal
BANK,
Morning Business
SHANGHAI, June 8 (Reuter)-landed
CONSIGNEES' NOTICES
PRINCE LINE.
NOTICE TO CONSIGNEES
FROM NEW YORK, SAN FRANCISCO.
THE Motor Versel
"CHINESE PRINCE" having arrived from the above Porta on 3rd instant, Consigness of Oargo are hereby informed that their Goods are being landed at their risk into the Godowns of the Hong Kong and Kowloon Kowloos, and stored at Consiguess rink Wharf and Godown Campany, Limited,
and expense.
Exchanges
Optional cargo will not be landed firm and were amount of business was done this hours prior to vessel's arrival, but here, unless nolice has been given 48 morning at intermediate rates carried on from port to port to the between 7 1/8 and 6 1/22 for ster-final port of call to which the option Bank is entirely owned by ling
extends. CHASE NATIONAL
No claims will be admitted after le From the lower level of 6 1/2, the Goods have left the Godowns, and all NEW YORK, with Resources over market rose to 6 15/16 on rumours goods remaining undelivered after the 9th instant, 1956, at 10 A.M.
that the control banks were selling 19th Juse, 1939, will be subject to and there was a certain amount offrent. Manager.pront-taking. Towards the close.
All broken chafed, and damaged buyers again appeared and sterling Goods are to be left in the Godowns, eased to 8 3/4 pence.
where they will be examined on 10th June, 1939, at 10 mm, by our Surveyors Messrs. Goddard
and
U.S. $2,300,000,000.
D. M. BIGGAR,
YUNNAN'S TEA
INDUSTRY
་།
All broken, chafed, and damaged Goods are to be lift in the Godowns, where they will be examined an Friday,
is Days of the Vessel's arrival here, All Claims must be presented within after which date they cannot be re
gazed
Olaima' will be admitted after the Goods hers left the Godowns, and all Goods remaining undelivered after the 10th instant, will be subject to Beat.
No Fire Insuranos has been affected. Bilds of Lading will be rountersigned
FURNESS (FAR EAST), LTD. „
2nd Floor, Hongkong & Shanghai Bank Building
by
Boug
Kong, 3rd June, 1929.
Dials 28165 à 23169.
JEBSEN & CO., De Agents,
NOTICE TO CONSIGNEES
[480
"Times" Comment LONDON, June 8 (Renter)--Com-¡Douglas, menting on the Chinese Stabiliza-To comply with the General Bonded tion: Fund's withdrawal of support Warehouse Regulations consignees for the Chinese dollar at the rate must have a Revenue Officer in KUNMING, June 8 (Central) of 8-1/4 d. "The Times" City Notes: goods are examined.
attendance when damaged dutiable Under the direction of the Yunnan ridicules the rumours that the all claims must reach us before the office of the China Tea Corpora- Fund has lost a great part of its 12th July, 1939, or they will not be tion efforts are being made to sterling resources, but says that it recognized improve the tea industry of the has clearly been found that the No Insurance will be effected province.
demand for foreign exchange,
Bill of Lading will be countersigned Besides increasing the produc-against dollars at the recent rate tion of the article and extending of 8 1/4d is too large to be met Every description of Banking and its markets, the corporation is indefinitely and it seems that the Hong Kong, 5th June, 1930. Exchange business transacted. Loani now planning to mark of 11 hren Fund, rather than lower the rate granted on approved securities. in the province, namely, Shun- by a fixed amount, decided to Current Accounts opened in Local ning, Klangcheng, Kingku, Shang-withdraw from the market tem- Currency and Fixed Deposits re- klang, ceived for one year or shorter Takwan, Wenshan, Lantsang, and its own level.
Fobal, Moklang, Hang, porarily and allow the rate to find periods in Local and Foreign Cur rencies on terms which will be Chenyuch, as tea-producing cen In due course, doubtless it will tres where modern methods of atop in and x a new-peg at a quoted on application.
SAFE DEPOSIT BOXES To Lær. plantation will be applied and lower rate and, in the meantime,
competent men be trained.
presumably, it will operate sa may be necessary in order to prevent any excessively violent fluctuation.
KAN TONG PO,
Chief Manager.
BANK OF CHINÁ
Specially Chartered by THE NATIONAL GOVERNMENT, OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER (CHINA)
In Shunning, Shangkang, King- ku, Mienning. Lantsang, Kiang- cheng, Fohal and Chenyeh, 'ten factories will be established.
In close collaboration with the China Tea Corporation is the China Tea Trading Company, Ltd. of Yunnan, a concern jointly or-
ganised by the Tunnen Provincial Government and the Ministry of Economics...
* Two Organitations The two organizations have Owing to our numerous Branches jointly created a Yunnan Tea in China and connections in the
Improving Committee principal Commercial Centres of
Industry
the World, we are able to extend pecially charged with the Ima to our Clients special facilities for Brovement duties. Domestic and Foreign Banking and Exchange.
Head Office:-SHANGHAI Hong Kong Branch: QUEEN'S ROAD, C. South China Offices:
CANTON SWATOW SHTUCHOW
KONGMOON" TOISHAN KINGCROW
We also handle the iarte of Bonds
Yunnan is one of the largest tea-producing provinces in China, Tea is produced in 28 halen scat- tered all over the province, averag ing more than 70,000 piculs an- nually."
In Fohal, in southern Yunnan Ludo-China near the French
border, alant, the, sanuál - output
is about 10,000 pictis,
Yunnan tea has been marketed
and other Public Funds of the mostly inside the country, especial- Cainess Government both at Home ly in Szechwan, Kwelchow, Bikang and Abroad. SEN VARK-5) and Tibet. Owing to communica
SHOU JCHENtion dificulties, only thated cunni
finger tites are exported abroad
NOTICE TO CONSIGNEES
OCEAN STEAM BHIP CO. LTD.
CHINA MUTUAL STEAM NAVIGATION CO. LTD.
YONSIGNEES per Co.'s Vessel
"DEUCALION".
But in a case of a country ke China the value of a definitely fixed
FROM UNITED KINGDOM rate is naturally considerable and IA SINGAPORE
PENINSULAR AND ORIENTAL STEAM NAVIGATION Co's STLAKE" RAWALPINDI."
ARRIVED, HONG KONG OF
7TH JUNE, 1989...
FROM LONDON, GIBRALTAR, MAR. SKILLES, MALTA, PORTSAID, ADEN, COLOMEO GT STRAFTS,
NONSIGNIES of Cargo" by the
Above-named Vowel are hereby in formed that their Goods are being landed and placed at ruem xing in the Hong Company's Godowns at Kowloon where Kong and Kowloon Wharf and Godown each Consignment will be sorted out Mark by Mark and Donvery can be obtained as the Goods are landed he landed be
Optional Goods ill be aslam instructions have been gyas, ka the contrary Six Hours batuss curared of the steamer
Goods not plesand within 8 days bas
Бега
it is likely that the peg will be are hereby notified that their cargo reintroduced as soon as possible. will be discharged into Holt's Wharf That the Fund is well in a post-Kowloon, where it will lie at consignees ties to do that at the appropriate risk and subject: Boles What moments is clear from the official tions of storagest
The statement issued in Shanghai Cargo will be ready for delivery from
Godown and after 6th June,
Optional care"will not be landed hèra, unless notice has been given prior to steamer's arrival but carried en eluding date of arrival will be sulŋect to from port to port to the final port ofFatoreste call to which the option eztanda...
yesterday.
PHILIPPINE GOLD MINING › QUOTATIONS · Wednesday, June 8, 1939,
Centavos
Antamoks
Batong Buhay Benguet Consolidated Big Wedge Coco Grove ... Itogon Mining
Mine Operations
North Camarine
Paracale Gu
24
Lan
m
All broken chafed and damagedo The Inaande will be effected by
in any case whatever goods are to be left in the Godowns,
Damaged Fackages monet - be left they will be examined on soy the Goceras Los examination Tuesdays and Fridays between the
016 hours of 10:45 am and Noon within 11.40 the free storage permitted after the
No dia will be
25
36 Goods have left the steamer's Godown And All Goods remaining undelivered after the 18th Jane, will be subject to
the
Comigo, and the Company fukk You MR. GORDA & DOUGLAS
on Mondays and Thursday, Free Staruga periodes are
Consignes are specially
it is necessary for
be
duttable
231
Masbate Consolidated
11
15)
All Claims against the Steam
presented to the und
171
before the 17th June,
104
be recognised.
151
BUTTERFIE
6th June 1989.
Lon's Bour
San Mauricio
Boyoc Consol
United Par
Mádabon
Market
FRIDAY JUNE 9, 1939. -PAGE 13
PRESIDENT LINER
Sailings
FOR SAN FRANCISCO & LOS ANGELES
viG SHANGHAI, KOBE, YOKOHAMA and HONOLULU
88* PRESIDENT TAFT “
SA
PRESIDENT OLEVELAND"" AS "PRESIDENT PIEROE * 88 PRESIDENT COOLIDGE "- 8.S." PRESIDENT TAFT".
8.9. * PRESIDENT-CLEVELAND”
Sail
June 16th at 1201, AM. June 30th at 1201 AM. July 14th at 12.01 A.M.
- July 99th at 10,00 AM.
Ang. 12th at -8.00 A.M. Aug. 26th at 800 AN
·AND FORTNIGHTLY THERMATTER
FOR NEW YORK & BOSTON VIA SUEZ
56." PRESIDENT POLK” 8.9. PRESIDENT GARFIELD"
Sails June 9th at 13 No
July 7th at 19. Noor.
AND FORTNIGHTLY, THEREAFTES
FOR MANILA
8.8. “PRESIDENT TAFT” 8.8. “ PRESIDENT POLK”. 8.8. " PRESIDENT CLEVELAND”. 8.8. "FRESIDENT PIERCE**
Sails June. 9th at 1,00 A.M.”
June 9th at 12 Noor June 23rd at 1,00 AM.
July 7th at 1.00 ÂM.
AMERICAN PRESIDENT LINES
ROUND WORLD SERVICES
12, PRODER ST.
TEL. 28171.
THE CHINA-SIAM
HONG KONG-BANGKOK
* "BIRAM” **. "RELLAS"
as
LINE.
leaving Hong Kong 18th June via Swatow leaving Hong Kong 28th June via Swatow HONG KONG-SWATOW-AMOY ms "HAL BING" leaving Hong Kong 24th June Accepting Passengers & Cargo for all the above motioned porta
HONG KONG-SINGAPORE-PENANG-RANGOON Regular Express Bervice m.a. **HAI LEE” leaving Hong Kong Fth June ma. "HAI HING" leaving Hong Kong 30th June Accepting cargo for all the above mentioned ports.
Excellent passenger accommodation available. For freight, passage rates and Bill other information—Apply to:--- THORESEN & CO., LTD.
General Agents,"
Tel. 30937.
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. Siles
York Building.
COMPAGNIE DES MESSAGERIES MARITIMES
CONSIGNER NOTICE.
S.S. SIKIANG " JUANO/30.
BRINGING CARGO FROM DUNKIRK HAIPHONG etc.
ARETTE HONG KONG THURSDAY, THE 9TH JUNE, 1939
CONSIGNEES e hereby informed that their goods with the exception
SERVICES · CONTRACTUELS ATH MIBRAGIZIKE. MARITIMER
CONSIGNEE NOTICE.
9.6, ATHOS II". 16 A/89.
BRINGING CARGO Tam MARSEILLES VI SAIGON, ANDYED HONG KONG WEDNESDAY, TEH 72 JUNE, 1989;
ONBIGNRES are hereby into
that their goods with the
of Opium, Treasure and Valush
of Opium, Treasure And Moors being landed de stored into the Godow being landed stored into the godes of us Hoog Kong Kowloom
of the Hong Kong Kowloon Wand & Godown Co, Ltd. Ko Godawa Co. Lia, Kowloon, hea after may be obtained delivery may be obtained immediately
sely after landing.
after landing, wi
At All akims must be sent
All Units must be sent is to me on or before the 17th or before the 17th June, 1939, or they they will not be report will not be recognised, days
Damaged Fackages will be examined
Surveyors,
by the Coub in the preset.ce of
Goddard &
the Consigneerat 1000 Wednzelay, the 14th June, 1989, ** Consignees - must. bere .
"goods are orgmined by £5*
Barv
Hong Kong, 8th June)
Goddard
the
Play, the 18th!
Officer