HONGKONG DAILY PRESS
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
INDIA, AUSTRALIA
Authorised Capital $50,000,000 Issued & Fully Paid-Up $20,000,000 Reserve Funds:
AND CHINA Incorporated by Royal Charter, 1853
43
Sterling
Proprietors.
Head Office:-HONG KONG
Paid-Up Capital ·..... .:£3,000,000 £6,500,000 Reserve Fund
£3,000,000 H.K. Currency Reserve $10,000,000 | Reserve Liability of Pro- Reserve Liability of ...
£3,000,000 prietors ...$90,000,000
HEAD OFFICE: LONDON: 38, Bishopsgate E.C.. Sub-Agencies In London; 117/192, Leadenhall Street, E.0.3. West End Branch: 14/18-Cockapur Street, B.W.1. Manchester Branch: 12, Mosley Street, Manchester, 2.
Board of Directors:
A. L. Shields, Esq.,
W. H. Lock, Esq.,
Chairman.
Deputy Chairman,
Hon. Mr. J. K. Bousfield,
A. E. Compton, Esq.,
How Mr. 8 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,
ALOE STAR AMRITSAR MANGKOK
BATAVIA BOMBAY
CALCUTTA
AGENCIES AND BRANCHES:
HARBIN PENANG HỒNG TÙNG XANGOON ILOILO
BAIGON [POX
SEREMBAN KARACHI BHANGRAL KLANG
SINGAPORE KOM
SITIAWAN SOURABAYA
AGENCIES:
Chief Manager. CLIVE STRAKT
DELX1 HAIPHONG Francisco HAMBURG
HANKOK
H
Branches:
FAIRLIK PLACK CANTUN CAWNPORE
Amay
Ipoh
Bangkok
Johore
Penang Rangoon
CIBU
COLOMBO
Batavia
Kobe
Saigon
Bombay
Kowloon
San
Calcutta
Kuala
Canton
Lumpur Shanghai
Chefoo
London
Colombo
Lyons
Dairen MaIncen
Singapore Sourabaya Sungei
Foochow
Manila
Haiphong Muar
Hamburg (Jahore)
Patani- Swalow
Hankow Mukden Tokyo
Tientsin
Harbin
Hongkow
New York Peiping
Iloilo
Tsingtao, Yokohama
KUALA
LUMPUR KUCHING.. MADRAS
MANILA
MEDAN NEW YORK PEIPING
GENERAL
BRITISH TRADE MOTOR CAR CZECH GOLD
PROPAGANDA
New Council For Publicity
LONDON, June 28 (Reuter)— A National Council for British Commercial Propaganda. Over- seas, which was formed with an executive including · FEDTS- sentatives of leaders of in- dustry and-commerce, held, an Inaugural luncheon in London yesterday.
said
the Lord Semp:11.
President, describing the objects of the organization
that British Industry lacked sympathetic re- presentation abroad in the form of propaganda or publicity and their efforts would be devoted to present the case of British goods to other nations in a dignified
way.
TAXATION
IN BRITAIN
BUDGET PROPOSALS
TO REMAIN
LUNDON, June 28 (Renter) --Stading Arm on the Budget proposals to Increase
motor car horse-power tax, Sir John Simon, Chancellor of the Exchequer, in the House of Commona yesterday, met 'crifles who declared that the higher taxes would affect Britain's car exports bý offer, ing to consider a new horse- power formula for taration purposes.
TRANSFER
"LABOUR MOTION REFUSED IN HOUSE
OF COMMONS LONDON, June 28 (Reuter)- The House of Commons, by" 196 votes to 125, rafused Mr. G. `R. Strausa (Lab) permission to the
la- troduce a bill called the Bank of England Compulsory Consulta- tion Bill, the purpose of which was to make it compulsory, for the Governor. and Directors of the Bank of England to con-- sult with the Government on financial matters affecting -na- tional, interests.
Mr. Strauss explained that his Sir John Simon suggested that action in presenting the Bil the present formula tended to arose from "the deplorable affair produce an engine, the main pur-of the Czech pose of which was to avoid taxi-Germany.” tion and which might not be suitable for the foreign market.
Coricessions Wanted
Government
The
supporters among those
Special Journals The Council will publish special journals and press matter of the countries covered.
The Secretary for Overseas were prominent Trade, Mr. R. S. Hudson pressing for concessioris, TONGEAR was present at the luncheon and (Bhuket) expressed his sympathy with the
objects.
TAIPING
TIENTSIN
TSINGTAO YOKOHAMA
(Peking) 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 'ba application.
„SAVINGS ACCOUNT also opened in Local Currency and Sterling with interest allowed at rates obtainable en application.
CURRENT ACCOUNTS opened, in LOCAL CURRENCY and FIXED DEPOSITS
The Bank's Head Office in London received for one year or shorter periods in Local and other Cur-undertakes Executor and Trustee rencies on terms which will be business, and claims recovery of quoted on application.
Also up to date SAFE DEPOSIT BOXES in various sizes To Lar
Hong Kong, 5th June, 1939.
HONGKONG SAVINGS
BANK
British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.
R. A. CAMIDGE,
Manager,
THE CHASE BANK
The Business of the above Bank 15, QUEEN'S ROAD, CENTRAL
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 Manayer.}
Hong Kong, 25th Feb., 1939.
BANK OF EAST ASIA, LIMITED
Authorised Capital".....$10,000,000.00
Paid-Up Capital
Reserve and Undivided"
Profits
5,898,600.00
2,863,932.01
Head Offer:-HONG KONG
No. 10 Des Voeux Road, Central.
Board of Directors:
Sir Shauson Chow, Chairman
Li Koon Chun Esq.
HEAD OFFICE:
18, PINE STILENT,
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 BANK, THE CHABE NATIONAL NEW YORK, with Resources over U.S. $2,500,000,000.
D. M. BIGGAR,
Second Vice Pres
U.S. SILVER PRICE PROBLEM
Li Las Bang, Ex.
WASHINGTON, June 28 Wong Chu Son, Esq. P. K. Kwak. Esq. Wong Yun Tong, Esq. Kan Ying Fo, Esq. ter) The best opinion amongst ChanjChing Sher, Esq. Fang Plog Wah Esq. members of Congress is that Pre- Kan Tong Po, Bad, Chief Manager. aident Roosevelt will have to Li Tsa. Fong, Baq., Manager.
of accept the termination
and idollar devaluation power
higher silver price if he wants to retain the Stabilization Fund.
Amay Batavia
Branches and Agencies?——,
Kowloom London
Penang
Вістарата Rangoon Sourabaya
Bwatow Bombay Manila -Saigon
San Fran- Bydany Melbourne Nagasaka" cimo Fiontalv New York Seattle Vancouver Pirt
Bemarang Shanghai
Jaloutta Haiphong Banker Benciale Kabe
Pelping
It was subsequently stated that the Prime Minister had been asked to receive a deputalon and it was gathered that the Counc was anxious to stress the desira- bility for completing as quickly as possible the Anglo-Russian Pact and for instituting effective measures to deal with the Far
Eastern situation.
H. K. STOCK EXCHANGE
Buyers were very backward in advancing their prices with the result that the turnover was very small. Sellers being disinclined to come down with slightly better news to encourage them.
J
BUYER'S
H.K. Bank, $1326.
H.K. Wharves, $106. Providents, $4.65.
H. & S. Hotels, $54. H.K. Lands, $35.
Mr.
J. Henderson Stewart (Nat. Lib.) emphatically 813- nounced that he would not use his car from January to March. "There will be "thou- sands and tens of thousands like me." he declared..
Sir John Simon refused to ex- empt cars over a year old, from the proposed incresav.
BIGGEST BOOM
gold
•
THURSDAY JUNE 29, 1939. --PAGE 13
PRESIDENT LINER
Sailings
FOR SAN FRANCISCO & LOS ANGELES
vin SHANGHAI, KOBE, YOKOHAMA and HonolulLU 88. "PRESIDENT CLEVELAND Sala June 30th at 12.01 AM: -S.S."PRESIDENT FIÈRCE”.
8.8. PRESIDENT COOLIDGE" S.S." PRESIDENT TAFT" ES. "PRESIDENT CLEVELAND". 8.S." PRESIDENT PIERCE "
SS.
8.8.
transfer to
S'HAI FINANCE IMPROVES
CHUNGKING, June 28 (Central) -A Shanghal message stated that the deflationary effect exerted by the restrictive measures announ- ced by the Ministry of Finance has promptly curbed the unscru pulous manipulations of specula tors and restored confidence and ease in the financia, market:
There are indications that "gold bar and foreign exchange will be further eased), Already commodity price in Shanghai has registered a drop and a sense of security is Gradually returning, the message remarked.
Bills are freely discounted by the Shanghal Banker's and Native Banks Reserve' Board, while large numbers of advances have already been made to various individual banks and cash shops:
ON THE WAY Lord Riverdale, formerly Sir Arthur Balfour, one of the "out- standing figures in the Sheffield steel industry, told the British Standards Institution in London on June 15 that he believed we were on the verge of one of the CONSIGNEES' NOTICES biggest expansions of international trade the world had ever known.
HAMBURG-AMERIKA LINIE
NOTICE TO CONSIGNEES.
"All that is lacking is con- fidence." he said "Invention is here; scientific research is here; we have the finest productive THE M.S. plant in this country. and ali ready to do business if we can only get confidence.”
Mr. R. & Hudson secretary of
HK-Lands, 4-Debentures par the Department of Overseas Trade.
B.K. Traziways, $16.60. HK, Star Ferries, $66. China Lights (Old); $8.20. H.K. Bectrics, $55. Canton Tees, $1. Wing On (H.K.) $41. HK, Govt, 4% Loan 4pm.
SELLEKS
HK. Fires Ins; $185. HK. Wharves, $110, H. & 8. Hotels, $5.70.
SALES
H.K Lands, 4351,
: H.K. Star Ferries, $66).
PHILIPPINE GOLD MINING
QUOTATIONS
Atoks
24
Antamok
19
(Reu-
Big Wedge LX.L
19
47
Itogon Mining
22
Masbate Consolidated
11-
Mine Operation
13
а
North Camarines
24
San Mauricio
88
Buyoc Consolidated
131
Syndicate Investment United Paracale
039
40
the
A strong coalition of 48 Bena- tors is apparently determined to block the entire Monetary Bill it returns from the House
Every description of Banking and without approval to yesterday's Exchange business transacted. Losas Senate amendments.
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.
SAYS DEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager.
BANK OF CHINA
COTTON MARKETING CONFERENCE
LONDON, June 28 (BW8)-Ques- tioned about invitations issued by the United States Government to the World Cotton Marketing Con- ference at Washington in, Septem- ber, Mr. R. A. Butler told the House of Commons that the United the Kingdom Government and
had in- Government of India dicated to the Government of the United States their willingness to participate in the proposed dis- PAID UP CAPITAL $40,000,000.00 cuastons, provided other major
(BRANCHEB ALL OVER CHINA)
Specially Chartered by THE NATIONAL GOVERNMENT
OF CHINA AS AN AN INTERNATIONAL EXCHANGE
BANK
cotton producing countries were
Owing to our numerous Branches represented.
in China and connections in the The Government of Sudan had
principal Commercial Centres of also indicated their willingness to the World, we are able to extend
to our Clients special facilities for send a representative,
Domestic, and Foreign Banking and Exchange.
magnet
Head Office:-SHANGHAI Hong Kong Branchi
4, QUEEN'S LOAD, C.
South China Offices:
CANTON SWATOW SHTUCHOW
KONGMOON
TOISHANA
KINGCHOW
We also handle the issue of Bonds and other Public Funds of the Chinese Government both at Home and Abroad.
He understood that invitations were also extended to Argentina, México, Brazil, Egypt, France,
PHILIPPINE GOLD MINING
QUOTATIONE
spoke of the importance of stan dards, and said the mind boggled at what might happen if they were omitted from sport.
"I am not sure that a rabbit like myself would not be tempted to resume the game of golf." he said, f I could play on a course which had decent holes instead of the ridiculously small ones at present provided."
SUGAR COUNCIL
THE
*RHEINLAND " having arrived from Hamburg and Ports of call, Consigness of Cargo are hereby notified that their goods are being landed and placed at their risk into the Hong Kong & Kowloon Whart & Godown Company's godowns `at Kowloon, where delivery may be obtained as anon, sa the goods are landed
Optional cargo will not he landed here, unless notice has been given 48 hours prior to vessel's arrival, but carried on from port to port to the final port of call to which the option extends,
No claims will be admitted after tue Goods have left the Godowns, and all goods remaining undelivered after the 6th July, 1030, will be subject to reut.
All broken chafed, and damaged Goods are to be left in the Gotowns, where they will be examined on 4th uly, 1928, at 10 am, by our and Surveyors Mesers. Goddard Douglas.
41
To comply with the General Bonded Warehouse Regulations consignees must have a Revenue Officer in attendance when damaged dutiable goods are examined,
ALLOCATIONS LONDON. June 28 (BWS) The President of the Board of Trade. asked in the House of Commons what proportion of the additional 153,000 metric tons of raw sugar, which was allocated to the British Dominions and Colonies at the re- cent meeting of the International Sugar Council, would come from the Dominions and Colonies, res- pectively, replied that the Colonies share of the total was 110,365 by 'metric tons, and that of the
Dominions 42,900 metric tons.-
CONSIGNEES' NOTICES
MESSAGIRIKI ́MA
Wednesday, June 28, 1939, Centavos
Antamoks Atoks
Benguet Consol
Batong Buhay
∙19) 21 10.30 012
SERVICES CONTRACTUELS DES
19
29
Bi
ទ
8.8. CHENONCEAUX
16 A/30.
Big Wedge Coco. Grove Demonstrations Mindanao
Itogona IX. L
Masbates Consol
11
Mine Operations. North Camarines Ban Mauricio Suyoc Consol
13
25
89:
134. 41
United Faracales
Syndicate Investment ...039 Market Comment Steadier...
HONGKONG
SHAREBROKERS,
ASSOCIATION
Volume" of "Business Transacted on Wednesday, June 28, 1939.
50 $66.50 10,000 Px. 0.40
Peru and the USSR., but informa- tion was not yet available as to Star Ferries... whether any, and, if so, which, of United Paracale these governments had accepted.
€125,355,638 at the corresponding EXCHEQUER RETURNS date last year, the d
CONSIGNER NOTICE.
BRINGING CARGO FROM MARSEILLES via SAIGON, etc. ARRIVED HONG KONG on SATURDAY, TH# 94TH JUNE, 1989,
TONSIGNEES are hereby informed that their goods with the exception of Opium, Treasure and Valuables are being landed & stored into the Godown of the Hong Kong, Kowloon Wharf & Godown Co., Ltd., Kowloon, whence delivery may be obtained immediately after landing, ding
All claims must reach us before the
5th Aug., 1930, or they will not be recognized,
No Insurance will be effected. Bills of Lading will be countersigned
JEBSEN & CO.,
Agente Hong Kong, 28th June, 1939. [511
RICKMERS LINIE
NOTICE TO CONSIGNEES
HE 8.8. M
BERTRAM RICKMERS” having arrived from Hamburg 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 & Kowloon Wharf & Godown Company's godowns at Kowloon, where delivery may be obtained as soon as the goods are landed:
Optional cargo will not be landed. here, unless notice has been given 48 hours prior to vessel's arrival, but carried on from port to port to the final port of call to which the option extenda
No claims was be admitted after the Goods have left the Godowns, and all goods remaining undelivered after the at July, 1839 will be subject to rent.
All broken; chafod, and damaged Goods are to be left in the Godowns, All claims must be heuf in to me on where they will be examined on 20th or before the 5th July, 1989, or June, 1939, at 10 am by our Sur- they will not be recognized
MAZIOON EVOTors Messrs. Goddard and Dougla Damaged Packages will be examined. To comply with the General Bonded by the Company's Surveyor, Mesur Warehouse Regulations consignees Goddard & Douglas in the presence of must have Revenue Officer in the Consignees at 10.00 m, on Fri- attendance when damaged detisble day, the 20th June, 1989.
Consignees must have
goods are examined Officer in attendspoo when any dotiable goods are examined by the Company' Barrerons Plan B
even
No Fire inanmaaco will be effected by
in any case whatever
ROHL
The total ordinary expenditures LONDON, June 28 (BWS)-Ex-less self-balancing Items, is £262- chequer returns show that the 925,293, compared with £221.795- total of ordinary revenue amounts 678 at the corresponding date of Hong Kong, 24th June, 1999. Imager, to £135,975,327,, compared with 1938.
BHỚU J. (HEN; A
ילן
All claims must reach us before the 1st Aug, 1929 or they will not be -recognized.
No Insurance will de expecten, Bill of Lading will be countersigned.
NEESEN & CO
Agente
Hong Kong, ath" uno, 1989.
1612
July 14th at 1101 AM.
July 29th & 10.00 AM
Ang. 12th at 8.00 AM.
Aug. 26th at 8:00 AM,
Sept. 9th at 400 P.M.
AND FORTNIGHTLY THEREAFTER
FOR NEW YORK & BOSTON via-SUIZ
PRESIDENT GARFIELD" Sails July 8th at 12 Noor PRESIDENT MONROE”
#
Jaly 90th at 12 Noor, AND. FORTNIGHTLY THEREAFTER
FOR
MANILA
Sails July 7th at 9.00A.M.
1
July 8th at 13. Noor.
at
July sind at 1.00 AM.
Aug 4th at 19 Noo
-88. "PRESIDENT PIERCE ".
8.8. PRESIDENT GARFIELD" 88. "PRESIDENT COOLIDGE”' B.S." PRESIDENT ADAMS *****
AMERICAN PRESIDENT LINES
ROUND-WORLD SERVICE”
12, PEDDER ST.
Triestin
lloyd
.
TEL. 28171.
FORTNIGHTLY
EXPRESS SERVICE
FAR EAST-INDIA-ITALY
Hongkong-London 23 days Hongkong-Italy 81 days
SCHEDULE OF SAILING FROM HONGKONG
TO MANILA, SINGAPORE, COLOMBO, BOMBAY, ÉGYPT
· HaBr
¿FFALY
TO SHANGHAI,
C. BIANCAMANO* 1st July * "CONTE ROSSO" 5. "CONTE ROSSO" 14th July. m.v. "VICTORIA” m.v. "VICTORIA” 12th Aug, "CONTE VERDE" 1st Sept.
"C. BIANCAMANO* 16th Sept.
LLOYD
7th July 6th Aug.
"CONTE VERDE" 25th Aug. "O, BIANCAMANO" 10th Sept. 2. "CONTE ROSSO" Sad Sept.
TRIESTINO.
P.O. Box 143. Tel. Address "Lloydiano"-Telephones 32068 Passenger
32983 Freight
HAMBURG-AMERIKA LINIE
Far Eastern Mail, Passenger & Freight Service
Through bookings to America via Europe and Europe via America, Bookings around the world. Through bookings to Indon
OUTWARD SAILINGS
m.v. "RHEINLAND". 'xx.v. “BURGENLAND ”
„„for Shai, Dairen, Kobe, Y'hama," said STANDARTLA Hara - 10 in 29th June. for Shanghai, Dairan, Yhama. Kobe.
19th July ..............for Shanghai, Dairen, Thanh, c
80s July ཐ,----་--:ས HOMEWARD SAILINGS
* 8.a. "OLDENBURG”
m.v. "LEVERKUSEN” for Genoa, B'dam, Hamburg... 18th July * m. RHEINLAND” ...for Mars, Rʻdam, Hamburg
*Freighter with Passenger Accommodation.
For further particulars and passage fares, etc. apply to:- HAMBURG-AMERIKA LINIE
JEBSEN 1 & 00., Lente.
5th Aug
12, Pedder Street, Tel. 81205. CANTON AGENTS: CARLOWITZ & CO., Bhakse Road.",
THE BEN LINE STEAMERS, LTD.
S.S. "BENLAWERS'
Sailing for LONDON,
ROTTERDAM
ANTWERP HAMBURG and LEITH on
about the 9th July, 1989.
་
Cargo will also be accepted on through Bill of Lading to the usual transhipment ports.
For Freight and Passage apply
|to the Agents=1
W. R LOXLEY & CO., (CHINA) LTD.
·84186
2: