HONGKONG DAILY PRESS
BANKS
MONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised Capital
INDIA, AUSTRALIA
AND CHINA
$50,000,000 Incorporated by Royal Charter, 1853
Issued & Fully Paid-Up $20,000,000 Reserve Funda:
Sterling
#
Paid-Up Capital ................. £6,600,000 Reserve Fund H.K. Currency Reserve $10,000,000 Reserve Liability of Proprietors......
.$20,000,000
Head Office:-HONG KONG
Board of Directors: A. E. Shields, Esq.,
W. H. Lock, Esq.,
Chairman..
Deputy Chairman.
£3,000,000 £3,000,000
Reserve Liability of Fro-
£3,000,000 prietors
HEAD OFFICE; LONDON:
"38, Bishopsgate E.0.2. Sub-Agencies In London: 117/122, Leadenhall Street, E.0.3 West End Branch: 14/16, Cookapur Street, S.W.1. Manchester Branch:
52, Mosley Street, Manchester, g
FINANCE
\\CHINA'S COTTON INDUSTRY:
PLANS FOR INCREASED ANNUAL PRODUCTION
CHUNGKING, June 15 (Central)-The Chinese Government is endeavouring to increase the annual production of cotton by the ·olvil· 1,400,000 picula, in order to meet the demands of population of over one hundred million of South-Western China, at present the base of the nation's war of resistance, and of the military forces which are either fighting at the front, or under training in the rear.
The original annual cotton output of Szechwan, Kwangsu, Kwelchow and Yunnan is 501,000 picula.
Through extension work, com-have, a surplus by 1945 to make bating of diseases and insect pests, up the declency in Kwelchow. Increase of cotton acreage, and The National Agricultural Re- distribution of good American cot- search Bureau under the Ministry ton seed to the farmers in the of Economics is mainly responsible vizst interior not
Immediately for the cotton increase plan. It threatened by hostilities, the Got, has the full co-operation of the
authorities of ernment hopes to be able to solve provincial
Bee-
the question of clothing during chwan, Kwangsi, Kwelchow and the present time of war,
It is the intention of the Gov- ernment as well as that of the provincial authorities that Bee-
AMRITSAR ΣΑΚΩΤΟΣ BATAVIA
AGENCIES AND BRANCHES:
ALOX STAR HARBIN FENANG
HONG KONG RANGOON
BAIGON " ILOILO {POR
SEREMBAN
་་
KARACHI
SHANGHAI
CALCUTTA
KLANG
AGENCIES: KOKI -
BASELIE PLACK CANTON
CAWNPORE
SINGAPORE SITIAWAN NOURABAYA TAIPING TIENTSIN
Kwelchow, from
320,000
mow
TONGKAH
CEBU
Branchen:
Amoy
Bangkok
Batavia
Ipob Johore. Koke
Penang
11
Rangcon
COLOMBO
Saigon
H
DELFI
Bombay
Kowloon
San
HAIPHONG
Calcutta
Kuala
Francisco HAMBURG
Canton
Lumpur
Shanghai HANKOW
Chotoo
London,
Singapore
Colombo
Lyons
Dairen
Malacca
Sungei
Foochow
Manila
Patani Swatcw
unaan
COMMODITY PRICES
RISE IN SHANGHAI SHANGHAI, June 16 (Int'l)--- Owing to the fall of the Chinese currency, commodity prices here are going up sharply. In general the rise is by about 20 to 35 per cent. The goods affected are ported products.
Some Chinese manufacturers are "planning to take advantage of the dollar slump to push exports. Japanese merchants are. ako following the measures as the yen
the Chinese is lower than tional dollar.
BROKERS' LOANS
ܪ܂
MA-
New York, June 15 (Reuter). Loan on securities to brokers in New York:-
Week-ended June 8 $553,000,000
Week-ended
June 15 $324,000,000
chwan should endeavour to in- WEEKLY RETURNS AND REPORTS
crease its
cotton acreage from 3,000,000 mow to 5,100,000 m
20,000 mow
to
Kwangsl
from
- BANK OF ENGLAND
London, June 15 (Reuter).
June 1
June 8
̈£
£
18,400
22.080
100,820
100.300
98,100
86,400
136.720
136,700
Government Securities
114,180
116,260
Discounts and Advances Securities
7,800
22,610
22,950
Total
30,410
@28,580
28.380
31,800
226,750
226,750
498,370
494,950
18.20%
20.02%
148/4
148/5
SYSTEM
SATURDAY, JUNE 17, 1939. --PAGE 13
PRESIDENT LINER
Sailings
FOR SAN FRANCISCO & LOS ANGELES
July 14th at 12.01 AM.
via SHANGHAI, KOBE, YOXOHAMA and HONOLULU 8.8. "PRESIDENT CLEVELAND Sall June 30th at 12:01 A.M. AS. PRESIDENT PIERCE * S.S. PRESIDENT COOLIDGE" SS. "PRESIDENT TAFT" 8.S." PRESIDENT CLEVELAND" 8.5. " PRESIDENT, PIERCE"
11
་
1
July 29th at 10,00 AM. Aug. 12th at
*** 8.00 AM.
Aug. 96th at 800 A.M. Sept 9th at 400° P.M.
AND FORTNIGHTLY THEREAFTER
FOR NEW YORK & BOSTON
via SUEZ
יו
S.S. * PRESIDENT GARFIELD " Sails July 7th at 12 Noos 88," PRESIDENT MONROE”
11
July 20th at 19 NOON
AND FORTNIGHTLY THEREAFTER
FOR
i
MANILA
8.8. "PRESIDENT CLEVELAND Sails June 23rd at 1.00 A.M.
8.8. PRESIDENT PIERCE* SS.
July 7th at 1.07M
PRESIDENT GARFIELD"
41
11
July 7th at 12 Noor
"
July 21st at 9.00 P.M.
Ms." PRESIDENT COOLIDGE"
AMERICAN PRESIDENT LINES
まず
ROUND WORLD SERVICES
12, PEDDER ST
TEL," 28171.
Hon. Mr. J. K. Bousfeld, A. H. Compton, Esq., Hon. Mr. S. E. 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,
Haiphong Muar
BOMBAY
Chief Manager. CLIVE STREET EUALA
Sourabaya
Hamburk (Johore) Tientsin Hankow Mukden Tokyc Harbin New York Tsingtao
Yokohama "Eongkew Peiping
Iloilo
по
CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIXED DEPOSITS received for one year or shorter periods in Local and other Car- rencies terms which will be quoted on application.
ALBO up to date SAFE DEPOSIT Box in various sizes To LET
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
Reserve and Undivided
Profits
5,598,600.00
2,883,932.01
Head Office:-HONG KONG
No. 10 Des Voeux Road, Central
Board of Directors:
Sir Shonson Chow, Chairmao
Li Koon Chan, Esq.
P. K. Kwak. Esq.
Wong Yun Tong, Enq.
Li Lan Sang, Eng.
Wong Chu Son, £aq. Kan Ting Po, Esq.
Chan Ching Shok, Esq. Fung Ping Wah Esq;
Kan Tong Po, Esq., Chief Manager,
Li Tas Fong, E., Manager.
Branches and Agencies:—
Kowloon Fanada Ningapore Landoa Bangyon Bouralnya Hanils
System Melbourne Ban Fran- Sydney Nagka
cleco Tanta
AMOJ Batavia Bombay Daletita, Haiphong Hakow
Honolulu Kobe
Xew York Bestilo
Parle
Peiping
Shanghai
Vancouver
LUMPUR KUCHING
WADZAS MANILA. MEDAN
.NEW YORK
PSIPING
(Peking)
- (Bhuket) TSINGTAO "TOKOHAMA
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNra opened and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Currencies" at rates which will be quoted on äpplication.
SAVINGS ACCOUNTs also opened in Local Currency and Sterling with interest allowed at rates obtainable en application
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;
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.
P
SAFE DEPOSIT BOXES"
This Bank is entirely owned by THE CHASE NATIONAL BANK, NEW YORK, with Resources over U.S.$2,500,000,000.
D. M. BIGGAR,
Manager.
THE MERCANTILE BANK OF INDIA, LIMITED
Head Offco:-15, Gracechurch Street, London, CC-3
Authorlacri Capital Subeeribed Capital Paid-up Capital Reserv's Hand and Best,
1,000,000
£1,800,000
21,050,000
£1,267,820
BANKERS: The Bank of England and Midland
Bank. Ltd.
BRANCHES;
Bangkok
Calzatta
Ipoh JAYDE "Krantan
Harschi
Every description of Banking and Bombay Exchange business transacted. Los Colopho granted on approved securities,
Bangkong
Kantr
Kota Bharu
Kuna pis
Kuala TrougKANA Hudran
New York
Реш
Rangoon
Shanghal
Elma
Singapore Xu Lumpur HONG KONG BRANCH: Every descriptim of sucking and Freinage burlose transacted.
Travellers Chequer ward,
Current Accounts opened in Locale, Currency and Fixed Deposita, re- Howrah 'ceived for one year or shorter periods in Local and Foreign Cur rencies on terms which will be quoted on application.
BATE DEPOSIT Boxta To LET.
KAN. TONG PO.
Chief Manager
BANK OF CHINA
Specially Chartered by: THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL 840,000,000.00
(BRANCHES ALL OVER CEIA).....
י
TRUSTEE AND EXECUTORSHIP
UNDERTAKEN
al
CURRENT ACCOUNTS 00ed in Local Car- reggy and FIXED DEPOSIT8 imomired in Currency, STEELING #U, 8, DOLLARS on terma - that may be sacortained on application.
D. BENSON.
CHAIRMAN OF BANK OF INTERNATIONAL SETTLEMENT
BASLS, June 18 (T/Ocean)-The
Owing to our numerous Branches American banker, Mr. FH. Me- in China and connections in the Kittrick, has been elected Chair- principal Commercial Centres of man of the Bank of International the World, we are able to extend to our Clients special facilities for Settlements in succession to Dr. J. Domestic and Foreign Banking and Exchange.
Head Office:-SHANGHAT
Hong Kong Branch
C.
4. QUEEN'S ROAD,
South China Offices: "
KONGMOON CANTON. SWATOW
TOISHAN SHIUCHOW KINGOHOW
We also handle the issue of Bonds and other Public Funds of the Chinese Grvernment both at Home and abroad.
SEU J. CHEN,
W. Beyen,
The new chairman will take up his post on January 1, 1940. Mr. McKittrick is Director of the Genoa Branch or the National City Bank and partner of the London banking house of Higgin sor and Co.
LONDON GOLD
London, June 15 (Peuter), Bar Gold, Fine per oz 14875) Dollar Parity, 1/21 premium
360,000
to mow
960,000 mow
and Yunnan from 230,000 mow to 400,000 mow all within three to seven years.
Self-Suffieleney Alm “
If this plan should be success- fully carried out, it would mean that Szechwan would be self-suffl- clent in cotton after three years from now, and Kwangsi would
H. K. STOCK EXCHANGE
As has unfortunately happened so often during the past, the pre- sent
Public Deposits Other Depositas:—
Bankers
Other Accounts Total
Other Securities:
Notes and Coins
Total Bullion
Notes in circulation
Ratio of Reserve to Liabilities
Price of Gold at Which Holdings are valued
FEDERAL RESERVE
Bills Bought
6,630
New York, June 15 (Reuter).
June 8
June 15 000's omitted)
1,000
1.9. Securitics held Federal Reserve Rätio
2,564,000
:
1.000 2,564,000
84.48%
85.37%
Federal Reserve Credit Outstanding. Industrial Advance -Monetary Cold Stock
2,576,000
15.987,000
18.027,000
12,429,000
12,469,000
2,805,000
week proves an exception. The previous week's market was buoyant with buyers slightly out balancing 'sellers, leading to prices moving in favour of holders, and giving promise of better trading. The market opened cautiously at the beginning of this week, and might very easily have improved CONSIGNEES' NOTICES CONSIGNEES' NOTICE.
on its immediate predecessor. The unfavourable turn of events in Tientsin
have put an erective damper on any upward trend, and indeed have led to B certain amount of natural nervousness. whilst in the main holders are not
4
SILVER LINE.
NOTICE TO CONSIGNEES
FROM
showing undue " signs of dis NEW YORK, SAN FRANCISCO. quietude, there are
indications
that lower levels must be faced
THE
"SILVERYEW"
THE BEN LINE STEAMERS, LTD.
11
From LEITH, MIDDLESBRO". ANTWERP, LONDON, STRAITS AND MANILA.
The SS. BENLOMOND.".
A point to be borne in mind is Motor Vessel
VONSIGNEES of Cargo are beraby informed that all Goods are being that, at any rate, Utilities continue to maintain, if not improve on having arrived from the above Forte on ended at their risk into the hazardoni 13th instant, Consignees of Cargo are and/or astra hazardous Godowns of the their working receipts, and with hereby informed that their Goods are HONG KONG ARE KOWIDOE WELLS AND any set back in their quotations being landed at their risk into the Go Goodwx Comrany; Lab, whence and/or purchases on a long view must be downs of the Hong Kong and Kowloon from the whares Delivery may be profitable.
Wharf and Godown Company, Limited, obtained. Kowloon, and stored at Consignees risk and expense...
BUSINESS DONE DURING
THE WEEK..
+
All broken, ahated, and damaged Goods Hongkong Bank, $1400, $1375, are to be left in the Godowns, where they will be examined on Wednesday, 23st instant, .10 ..
$1365.
Union Ins., $460..
Wharves, $110 $1103, $110. Docks, $18.35, $18.20. Providents, $4.95. Hotels, $5.80.
Lands, $37, $37.15, 537, $367: Humphreys, $8.40. Tramways, $174, $17.10. Star Ferries, $67."
China Lights" (0), $8.85. China Lights (New), $5.85, $5.80. Electrics, $564.
Telephones (O), $24, $23.90. Dairy Farms (0), $22.70. Dairy Farms (N), $21. Watsons, $8.85.
Lane Crawfords, $7).
HK Govt. 31% loan par.
BUYERS
H.K. Bank, $1345.
HK Tramways, $16,40. China Lights "(0); $8.20. Canton Ices, $1.
H.K. Govt. 4% loan 4% pm.
SELLERS
ཎ་
HK. Bank, $1360. China Lights (0), $31. Telephones (0), $24. Dairy Farms (0), $22.
SALES
H.K. Lands, $361. H.K. Tramways; $16.30. Star Ferries, $66/66).
PHILIPPINE GOLD MINING- QUOTATIONS Friday, June 18, 1939.
Centavos
Antamoks
Atoks Baguio Gold
Benguet Consol. Batong Buhay Coco Grove Mindanao Big Wedge Itogona IX L
Masbates Consol, Ipo Gold
Mine Operations
San Mauricio Suyoc Consol United Fara North Cam
Market Comi
All Claim must be presented within 15 Days of the vessel's arrival here, after which date they cannot be re cognized.
No Claims will be admitted after the Goods have left the Godowns, and all Goods remaining undelivered after the 92nd inst., 1939, will be subject to Rent
No Fire Insurance has been effected, Bills of Lading will be countersigned
FURNESS (FAR EAST), LTD.
2nd Floor, Hongkong & Shangbai Bank Building Dials 23165 & 23169. |Hong Kong, 18th June, 1999.
:、|"
(481
NOTICE TO CONSIGNEES
OCEAN STEAM SHIP CO, LTD, OHINA MUTUAL STEAM NAVIGATION CO., LTD.
ONSIGNEES per Co.'s Vessel CALCHAB
FROM UNITED KINGDOM via
SINGAPORE
+
No Claims will be admitted after the Goods have left the Godowns, and all Goods remaining undelivered after the 17th June, 1939, will be subject to rent.
All Claims against the Steamer musi be presented to the Undersigned on ar before the 1st July, 1839, or they will. not be recognized.
To comply with the General Bonded Warehouse Regulations, consignees must have a Havenue Ulcer in attend ance when damaged dutiable goods are examined
All broken, chafed and damaged Goods are to be left in the Godowns, where they will be examined on the 15th June, 1999, 9 a.m., by Messrs. Carmichael
& Clarke.
No Fire Insurance has been affected. Bills of Lading will be countersigned by W.R LOKLEia Co (CHINA) Lan
Agents, Hong Kong, 12th Fane, 1989.
[471
גי
BARBER-WILHELMSEN, LINE
NOTICE TO CONSIGNEES.
M.V. TAI YIN", From U.8.A via MANILA.
CONSIGNEES of Cargo are hereby
Cinformed that all Goods are
Antennas pried on from port to
extende
being landed at their risk into the Godowns of the Hongkong and Kow are hereby notified that their Cargo loon Wharf & Godown Company, Ltd. will be discharged Into Hell' at Kowloon, whence and/or from the Wharf, Kowloon, where it will be at wharves delivery may be obtained. Consignees" rish and subject to Tema Optional cargo will now be lauded and Conditions of Binge at Holt' here, unless notice has been given 48 What The Cargo will be ready for hours prior to vessel's arrival, but car- Delivery from Godown on and after
to the inal 14th June,
Optional cargo will not be landed here port of call, to which the option
to g unless Notion has been given prior to No elaina will be admitted after the Steamer's marível, but ohtried on: Erano port to port to the final port of call to Goods have left the dodown, and Hi Goods remaining undelivered, after 27hich the option extends the 20th inst, will be subject to rent 27 All broken, chafed and damaged Goods
All claims against the vessel must are to be left in the Godowns, wherbe presented to the undersigned on or 11.00 they will be examined on my Tuesday before the 27th
they will instar 018 and Friday between the hour of not be recognised.
10.45 am, and Boom!
Ikkin the Free Storage period. ty
No Claims will be admitted after the Goods have left the Steamer's Godown Find all Goods retaining undelivered
fter the 31st Jupe, will be subjecti to Bent
23
37
101
All Claims against the Steamer mast be presented to F. Underigned on before the 5th Jul bot be recognised:
The
All broken, chafed, and damaged Goods are to be left in the Godowns where they will be examined on the 19th insty at 10 am. by our surveyors Messrs. Goddard & Douglas
In the case of datiable cargo, con- signees are requested to inform the Imports & Exports Office that they have such goods for examination.
No Fire Insurance his best affected. *Bill of Lading will ha countersigned
DODWELL CO., LTD.
(478) Hong Kong, 18th June 1989,
No Fire Insurance will be
TEERFIELD & SWIRE
Agents
14th June, 1989
BURNS PHILP LINE
Passenger & Freight Service Tc
AUSTRALIA
ALT.
'NEPTUNA'
due
Wednesday, 21st JUNE
sailing MIDNIGHT Saturday, 24th JUNE
For
SAIGON,
MADANG,
SALAMAUA,
RABAUL
SYDNEY AND MELBOURNE.
Excellent passenger accommodation with a large number of single cabins at no supplement. Built-in Swimming Bath and Spacious Sports Deck.
First Class, to Sydney Tim
Single-247.30.04. Return----£76,5.04.
Passenger & Freight Agents GIBB, LIVINGSTON & CO., LTD. Telephone No. 28031.
P. & O. Building.
MAERSK LINE Now offers
FORTNIGHTLY
Express Sailings
on the 11th and 27th
OF EACH MONTH.
SHANGHAI and JAPAN
LOS ANGELES, PANAMA. NEW YORK, BOSTON, PHILADELPHIA, BALTIMORE,
NORFOLK & SAVANNAH
I suffelent inducement oftere also other ports of call. Arrivals from USA
18th June 29th June 14th July
Bailings to USA
27th June 11th Jul
17th July
11th Aug
MV. “PETER MAERSE “ MV
GERTRUDE MAERSK ” GRETE MAERSK "ZAZ M.V. “HULDA MAERSK” (All dates are subject to alteration without notion.) ques EXCELLENT ACCOMMODATION FOR PASSENGERS
AT MODERATE RATES,
For Freight and Frange please apply 1****
JEBSEN & CO.
Canton BAL
Tell 0916 DE
Hong Lon th
Tel. 81205-
Swatow 'Agente GEBR ROESE