HUNGKONG DAILY PRESS
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
INDIA, AUSTRALIA. AND CHINA
Authorised Capital..... 860,000,000 † Issued & Fully Paid-Up 820,000,000 Incorporated by Royal Charter, 1855 Reserve Funds:
Sterling
£8,500,000 Paid-Up Capital
Reserve Fund
£3,000,000 ...£3,000,000
$20,000,000
Reserve Liability of Pro-
pràetra.
H.K. Currency Reserve $10,000,000 Reserve Liability of
Proprietors...
Head Office:-HONG KONG
Board of Directors:
A. L. Shields, Esq.,
W. H. Lock, Esq.,
Chairman.
Deputy Chairman.
Hon. Mr. J. K. Bousfeld,
A. H. Compton, Esq.,
Hon. Mr. B. H. Dodwell,
D. F. Landale, Esq.,
G. Miskin, Esq.,
K. S. Morrison, Esq.,
Sir Vandeleur M. Grayburn,
£3,000,000 HEAD OFFICE: LONDON: 38, Bishopsgate E.C.L Sub-Agencies In London: 117/12, Leadenhall Street, E.C.3 West End Branch: 14/16, Cockspur Street, 8.W.1. Manchester Branch:
52, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES:
AGENCIES: TOBI
CLITE STATET KUALA
FAIRS PAR
CANTON
CAWNPORE
Hon. Mr. T. E. Pearce,
...
H. V. Wilkinson, Esq.
ALOR STAR AMRITSAR BANGKOK
BATAVIA
Chief Manager.
|BOMBAY
CALCUTTA
HARBIN HONG KONG ILOILO 1POH KARACHI KLANG
PENANG RANGOON SAIGON
98REMBAN
SHANGHAL
SINGAPORE
Branches:
Amoy
Ipoh
Penang
LUMPUR
Bangkok
Johore
Rangoon
SITIAWAN SOVILABAYA TAIPING TIENTSIN
Batavia
Kobe
Bombay
Kowloon
Saigon San
TONGKAH
MANILA
(Bhuket)
Calcutta
Kuala
Francisco
MUDAN
TSINGTAO
Canton
Lumpur Shanghai
Chefoo
London
Singapore
Colombo
Lyons
Sourabaya
NEW YORK PEIFING
(Peking)
YOKOHAMA
Sungei
Foochow
Manila
Haiphong Muar
Swatow
Hamburg
(Johore) Tientsin
"Dairen Malacca
Patani
Hankow Mukdep Tokyo Harbin New York Tsingtao.. Hongkew. Peiping “ Yokohama Iloilo
(160
COLOMBO
"DKLEI
HAIPHONG
|| HAMBURG HANKOW
KUCHING
MADRAS
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened. and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Ourrencies at rates which will be quoted on application.
CURRENT ACCOUNTS opened in Savışos Accounts also opened in LOCAL CEBRENDY 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 on terms which will be quoted on application,
Also up to date SATs Deo
Boxts in various sizes To Lar
Hong Kong, 5th June, 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 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....... 5,598,800.00 Reserve and Undivided
Profits
The Bank's Head Office in London undertakes Executor and Trustee business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.
R. A. CAMIDGE,.
Manager.
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL.
HEAD OFFICE:
JE, 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
រ
2,883,832,01 This Bank is entirely owned by
Head Office:HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors:
Sir Shopson Chow, Chairman,
Li Koon Chun, Esq. Li Lan Sany; Eng. P. K. Kwok, Esq.
Wang Chu Son, Esq. Wong-un Tong, Esq. Kan Ying Po, Eng.. Chan Ching Shor, EM, Fong Ring Wab Esq. Kan Toog Po, Esq., Chief Manager. Li The Fong, Eaq, Managar,
Amoy
Branches and Agencies:—
*Batavin
Bombay Orienta
Haiphong
Harkow
Hondlala Kobe
Kowkke Ред
Loadión
Manila
Melbourne
Bangoon
Singapore
Benrabays
Saigont Swato
か
aleco Tentan New York Beattle Vandogter Parts Bemarang Polping Shanghai
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
THE CHASE NATIONAL BANK, New York, with Resourges over U.S.$9,500,000,000.
D. M. BIGGAR,
Manager.
AWARDS TO
RAILWAY SCIENTISTS
the
» The London Midland and Scot- tish Railway has awarded Herbert Jackson Prize for 1938 to Mr. J. N. Bradley, an assistant metallurgist 10 the company's Current Accounts opened in Local research laboratory at Derby, for Currency and. Fixed Deposita re-his paper, "The Separation of ceived for one year or shorter Mixed Gunmetal and White-Metal periods in Local and Foreign Cur-| Borings" rencies 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
OF CHINA AB ANKARA INTERNATIONAL EXCHANGE
BANK
A Jackson Medal, has also been awarded to CW Newberry. research nsalatant in the engineer- Ing section of the same laboratory. for a paper entitled "An Investiga- tion into the Occurrence and Causes of Locomotive Tyre Fai- Iures."
These awards are made annually by the railway company in memory of the late Bir Herbert Jackson, E.B.E., TRE. Gan original member of the company's advisory com- PAID-UP CAPITAL $40,000,000.00mittee on scientific research), ta (BRANCHES ALL OVER CHINA), a rember of the company's Owing to our numerous Branches research staff for the best-written in China and connections in the account of an investigation car- principal Commercial Centres of ried out in the company's labora the World, we are able to extend tortes during the year to our Clients special facilities for
Domestic and Foreign Banking and Exchange.
Head Office:- SHANGHAI
H. K. STOCK
EXCHANGE
Saturday, June 10.
There was a good turnover res corded this morning, the closing tone being steady after slight pro-- At taking.
BUYERS
China Underwriters, 31.45. HK Docks, $18. Providents, $4.80.
HK and S, Hotels, $51. HK. Lands, $37. Humphreys, $81.". HK Realties, $4.80. · HK Tramways..$17.10. Star Ferries, 5881. Yaumati Ferries. $22.70. China Lights (O), $8.80. China Lights (N), $51. Canton Ices, $1.10. HK, Ropes, L. " Watsons, $8.85, Wing On (H.K.), 941. WHL Powell Lt.. $I:
Entertainments, $8.80.
Constructions. $1).
H.K. Govt. 4% loan 4% pITI Marsmans (HK), 4/-,
SELLERS
H.K. Bank, $1405.
Union Ins.. $465, Providents, $4.05.
HK, Reatties, $5.05.-
Telephones (0), $244- Watsons, $8.90.
...
SALES
HK. `Bank, $1400. H.K. Wharves, $110/1104. H.K, Docks, $18.20. Providents, $4.95.
H.K. and S. Hotels, $5.80. H.K. Tramways, $17,15,- China Lights (N), $5.80. H.K. Electrics. $504. Telephories (0), $24, Watsons, $8.85.
PHILIPPINE GOLD MINING QUOTATIONS
Atoka
FINANCE
AMENDMENT
Sterling Salaries
י' ז'' .
Conversion Ordinance
The
"Government Gazette" should continue in förse, until the publishes the draft Bill of an 31st December, 1938, and no longer Ordinance to continue and amend unless otherwise provided by or- the Sterling Salaries Conversion dinance. Ordinance, 1937.
3 Salaries paid locally have. Be it enacted by the Governor however, continued to be paid at of Hongkong with the advice and the dates provided by section 3 consent of the Legislative Council notwithstanding the absence of thereof, as follows:-
an amending Ordinance extends
1. This Ordinance may be citeding the period of operation of that as the Sterling Salaries Conver-section.
4. The objects of this. Bill are ston Amendment Ordinance, 1939.
firstly to validate the rates pald 2. Notwithstanding anything since the first of January, 1939, contained in section 6 of the and secondly to fix for an in- Sterling Salaries Conversion Or-
definite period the rates provided dinance. 1937, hereinafter called the principal Ordinance, the said by section 3 of the 1937 Ordinance, Ordinance shall be deemed to proceeding on leave in the future have continued in force until the commencement of this amending Ordinance.
11
but to withdraw from officers
the special concession given by the existing proviso to that section.
A new proviso is substituted con- tinuing the concession till the end the
of their leave of omcers at present con-on leave who have availed them-
selves of it.
3. From the commencement of this amending. Ordinance principal Ordinance is to tinue amended as followE:- "
(1) by the repeal of the pro- viso to section 3 thereof and by the substitute. thereof of the following proviso:—
Provided that the salaries of officers, who were absent from the Colony on leave in the first day of. June 1939, for a period ex- ceeding three months, shall, if paid in the Colony be paid at the Treasury rate until they re- turn from such leave,
لیا.
" (1) by the repeal in section 6 thereof of the words "until the 31st December. 1938. and. no longer."
SHARE MARKET REVIEW
HONGKONG SHAREBROKERS'
ASSOCIATION
Saturday, June 10, ́-- The market opened Drm and with increased enquiry for practi- eally all stocks buyers have had to advance their bids substantially to obtain shares. Everything offer- ing was readily taken af improv- OBJECTS AND REASONS 1 ing prices levels. The market has closed to-day, however, with an Section 3 of the Sterling underlying feeling of uneasiness Salaries Conversion Ordinance, No. due to apprehension of possible 24 of 1937, provided for the con- repercussions regarding what must version in certain events of ater- be considered as a serious fall in ling salaries paid in the Colony the Shanghai Exchange
1
Centaves
29
Benguet Consol. Big Wedge
11.40
24
Coco Grove-
35
Masbate Consol:
11
ling.
Mine Operation
151
North Camarines San Mauricio
32
471
United Paracale
Mindanao Motherlode
101
PHILIPPINE GOLD MINING QUOTATIONS Saturday, June 10, 1939.
Centavos
Atoks
at the flat rate of one shilling and Banks, after changing hands at threepence to the dollar or six $1420 closed with business report- teen dollars to, the pound ster-ed at $1400. Further shares could It contained however be obtained at this price. Electrics proviso allowing the Treasury rate, improved to 1564 but later could Le, a rate based upon a monthly ozaverage at the Bank's published
29
Benguet Consol.
11.40
Coco Grove
35
Mindanao Motherlode
101
Big Wedge
24
Masbate Consol.
11
Mine Operation
154
San Mauricio.
1.02
United Paracele
47+
32
Market Comment Quiet,
North Camarines
be obtained at $56), Lands came
in for steady demand with sales
rate of exchange more fully de- at $37.15 and buyers at $37.10. ^ A fined in section 2 of the prin fair business has been reported in cipal Ordinance, to be paid in Watsons at $8.40 to $8.90, but the case of officers absent on more later shares were obtainable at than three months leave who had $8.85. Trams advanced to $17.30 arranged to draw their pay in the bus eased with buyers at $17.15 Colony.
China Lights (O) improved at $8,90 2. Section 8 of the Ordinance and Providents came in for en- provided that the Ordinance quiry at $485. Hotels were want-
INTERNATIONAL
CONGRESS
F
ed, at $5.80. H.K. Docks remained steady at $181. There has been a steady demand for Union: Insur- ance shares and the price advanc ed to $485.
With regard to gold mining. stocks the volume of busines re In coniection with the Liege ported on the Manila exchange International Exhibition, the Upton appears to have dwindled. to Belge des "Ingenieurs Navals is negligible proportions and prices organising, an International Con- nave shown a tendency to drift gress of Mayal Architects, which downwards. San Mauricio at Ps. is to be held in Liege from August 1,02 Jost 4 ctva. and United Pára- 18 to 20.
cale luat 34 ctva; at 471 ctvs. An- Visits to the Exhibition and to tamoks closed at 34 ctvs. a loss Returns of the Average Amount works, shipyards and other places of 4 ctvs., North Camarines were of Bank Notes in Circulation in of Interest are being arranged in down 2 etvs, at 33 ctvs. Market Hongkong, during the month end- addition to the technical sessions closed quiet.
BANK NOTES IN
CIRCULATION
ed May 31, 1939, as certiñed by the which will deal with shipbuilding Managers of the Banks:--
BANKS. Chartered Bank of In- dia, Australia and China ..... Hongkong and Shang-.. bai Banking Corpora- tion Mercantile
India, Limited.
Total
Bank
of
respective and with questions relating to marine and inland-water naviga- Average tion.
Amount Contributions are to be made by authorities from various countries. and the papers will deal with scientific organisation in shipbuild- 23,862,378 ing. the reduction of noise and
vibration
board ship, the on improvement of passenger-accom- 211342,228 modation amenities, propeller cavitation, recent welding... « opera- 4,153,498 tions, propelling machinery for ships for service in shallow waters $239,358,104 land canals, and other subjecta.
If zid
HONGKONG, SHAREBROKERS
ASSOCIATION
VOLUME OF BUSINESS TRANSACTED FOR WEEK ENDING
JUNE 9, 1939.
HK. Banks Lands Wharves Electrics
Hotels
300
Ak $1,420.00 to $1,400,00
MONDAY, JUNE 12, 1989. --PAGE 13
PRESIDENT LINER
Sailings
Wit.
FOR SAN FRANCISCO & LOS ANGELES via SHANGHAI, KOBE, YOKOHAMA and HONOLULU 88. * PRESIDENT TÁFT” Saily June 10th at 13,01 A.M.
88 “PRESIDENT CLEVELAND" 9.S." PRESIDENT PIERCE * « 5.8. * PRESIDENT COOLIDGE SA." PRESIDENT TAFT"
Jube 30th at 12.01 AM. July 14th at 19.01 A.M.- July 29th at 10.00 A.M. ~ Ang. 12th at 8.00 AM.
S.S. " PRESIDENT GLEVELAND”,- i ...), “Ång, 98th at 8.00 A.M.
AND FORTNICHELLY. THEREAFTER FOR NEW YORK & BOSTON VIA SUFF
S.S.* PRESIDENT GARFIELD ** 8.8. " PRESIDENT MONROE”.
Sails July 7th at 19 Noor July 1st at 9.00 P.M.
AND FORTNIGHTLY THEREAFTER
FOR
-M-AN-I-L-A
8.8. "PRESIDENT CLEVELAND" Sails June 23rd at 1:00 A.M. 8.8. * PRESIDENT PIERCE -
SA "PRESIDENT GARFIELD
3.8. "PRESIDENT COOLIDGE"
July 7th at 1.09 A.M.
July 7th at 12 Noom
July 91st at 9.00 P.M.
AMERICAN PRESIDENT LINES
ROUND WORLD SERVICES
12, PEDDER ST.
t
THE
TEL 28171.
CHINA-SIAM
#... "HIRAM”
“HELLAR”
HONG KONG-BANGKOK
leaving Hong Kong 18th June
LINE.
Swałow
leaving Hong Kong - 28th June yin Swstow HONG KONG-SWATOW-AMOY
... "HAI HING", leaving Hong Kong. 14th June. Accepting Passengers & Cargo for all the above metioned ports.
HONG KONG
SINGAPORE—PENANG-RANGOON Regular Express Service
ma. “HAI HINGTM 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. 20937.
General Agents.
Queen's Building,
THE BEN LINE STEAMERS, LTD.
S.S. "BENMACDHUI “
Sailing for LONDON, ROTTERDAM, ANTWERP, HAMBURG and LEITH on or about the 14th June, 1987.
Cargo will also be accepted on through Bill of Lading to the usual transhipment ports.
CONSIGNEES' NOTICES
For Freight and Passage apply
to the Agents:
小
NOTICE TO CONSIGNEES
PENINSULAR? AND ORIENTAL- STEAM NAVIGATION› Co.'s
Steamer--- "SOUDAN.”---
ALVED BONG KONG on-
́OTH JUNE, 1939.
FROM ANTWERP LONDON GIBRAL TAR, MARSEILLES, MAITA, PORTSAID.ADEN, COLOMBO- AND STRAITS....
CONSTANTES of Cargo by the above-
informed
nammad Yousel arv för that their Goods s pinced AT MR aux in the Hong Kong and Kowloon Wharf and Godown Cona pany's Godowns at Kowloon, where, Consignment win, Br orted
Mark and Debr
the Goods are landed,
Opticam Goods wil
nalons Instructions bays, doum
Including date of arrival will be subja Best
to
Ho Tire Lampuzon will be affected by us in way so whewaran terlent it Damaged: Prokages must be left in the Godowar for uraniomana, by the Conser tignees, And Lier Company » Burveyors. Modern. GonDakota Deguzk, ná-10/mat, | on "M4 dadays and Thursdays, within the
Free Storage period. V zah *Consignees are specially notified that | it is necessary for a Bevents Ofise to
baprosents the examination damaged d
37.
by
can be
1,500
36.75 to
37.15
.100"
$110.00
$00
50.00 to
58.75
contrary Biz Hours before
Trams Watsony
950
17.00 to
17,20
9,800
8.40 to
8.95
Goods out cleared
China Lights (0)
2,200
8.65 to
'8.90
China Lights (N)
1,246
5.70 to
5.85
Providents
1,750
4.75 to
4.85
Underwriters
2,000
1.50
Realtier
$1,000
1.85 to
1,500
5.90 to
15.05 6.75
Cements
14,00
Yaumati Ferries
100
Waterboats
240
18.00
Kowloon
500
13.50
Dairy Farms (N)
15/68
3.60
Raubs....
200
8.10
EWOS he
200
$18.80%
100, $58.50.
Macar Electales
∙100
27,50
500
5.80
Telephones (0),
-50
$24,00
500
5.85
Marsman (HK)
1000
3/10
Watsona
Manager. Dairy Farms (NY
8.85
Coco GONE!!!
83
22.50 3/68 3.60
Paracala Gumus
1,000 3,000
Ps, 0.36 Ps 4.175
Hong Kong Branch:
4, QUEEN'E BOAD, O. "South China Offices:
KONGMOON SWATOWN TOISHANA
CANTON
SHIUCHOWKINGCHOW
HONGKONG
SHAREBROKERS
ASSOCIATION
Volume of Business Trazmcted.
on Saturday, June 10, 1939.
We also handle the age of Bonds Hectrics
and other Public Funds, of the Lotels Chinese Government both at Home China Lighla (2) and broad. sunt, i dT SEL
ZOU JOHEN Dairy Farms (0)
1,000
*Shanghai curren
Before Bath Jan
not by recogni
No Claims
Good
MACKISNO
Hong Loa
W. R. LOXLEY & CO., (CHINA) LTD.
Tel. 34166
York Building..
SERVICES CONTRACTUELS PER MESSAGERIES. MARETIMES
CONSIGNEE NOTICE.
8.S. ATHOS II'
BRINGING CARGO" F100 MARSEILLES vie SAIGON, stai
ALLIED HONG KONG b WEDNESDAY, THE 7TH JUNE, 1889,
UNSIGETES are hereby faformed
O dust the goods with Cheercice
PROPLANS has 1. 2019
* COMPAGNIK DEN MESSAGERIES. MAREGZERS
DONSIGNEE. NOTICE.
EB HIKING
BRINGING CARGO"F201 DUNKIRK TİK HAIPHONG ste
ARRIVED HONG KONG THURSDAY, 1-1 ŠIH JUNE, 1839.
that their goods with the expen
NONSIGNEES are hereby informed
of Opium, Tresauza, and. Valgables being landed & stored fato, the Godowns being landed & stored into the godown
of Opium Tremuray and Valandles are of the Hong Kong, Kowloon What of the Hong Kong Kowloon W 1 Godown Co. Ltd Kowloon, whence Godown Cop. Eod +Kowloney who delfre may be obtained immediately delivery may be obtained immedia after landing
All-ashes must be sent in to me on All Ulans must be sent in to me on
affer: landing, the or before the 17th June, 1939, or or before the 17th June, 1939, they will now be mooognized,
Damaged Fackaged will be ezad bikbe: Companyle="Burkayer, Goddard &Denglas in the prese the Cassignees at 10,00 % day the 18th June, 1929,
#rio i must have
attendance when any
examined by the Com
Tinst range will be effe
us in KDY GAGs wastever,
Beven
will not be recognised. Davcaged Packages
the Company's Sur
&' Douglie in the
Hong Kong 7th June, 198
Hong Kong, 8th June