HONGKONG DAILY
PRESS
BANKS
RURAL CREDIT
CO-OPERATIVES
FINANCE
WEEKLY RETURNS AND REPORTS
BANK OF ENGLAND
HONGKONG & SHANGHAI THE CHARTERED BANK OF Farmers Bank Loans Public Deposits
BANKING CORPORATION
Authorised Capital..
850,000,000
INDIA, AUSTRALIA
AND CHINA
Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1853
Reserve Funds:
Sterling
Head Office:-HONG KONG
.....£3,000,000.
Paid-Up Capital ........... £3,000,000 £8,500,000 Reserve Fund H.K. Currency Reserve 810,000,000 Reserva Liability of Pro-
£3,000,000 prietors Reserve Liability of
$80,000,000 Proprietors
HEAD OFFICE: LONDON: 38, Bishopsgate E.0.2. Sub-Agencies In London: 117/129, Leadenhall Street, E.C.a West End Branch: 14/16, Cockspur Street, S.W.1. Manchester Branch: 52, Mosley Street, Manchester, 2..
Board of Directora:
A. L. Shields, Esq.,
W. H. Lock, Esq..
Hon. Mr. J. K. Bousfield,
Chairman.
Deputy Chairman,
A. H. Compton, Esq.,
Hon. Mr. S. H. Dodwell.
D. F. Landale, Esq.,
G. Miskin, Esq.,
K.. S. Morrison, Esq.,'"
Hon. Mr. T. E. Pearce,
R. V. Wilkinson, Esq.
Sir Vandeleur M. Grayburn,
ALOR STAN * HARBIN AMRITEAR
||
AGENCIES AND BRANCHES:
PENANG HONG KONG RANGOON ILOILO
BAIGON IPOR KARACHI
CLAY STEET KUALA
BANGIOX
BATAVIA
BOMBAY
CALOUTTA
KLANG
AGENCIES: FORM
Chief "Manager.
SEREMBAN SHANGHAI SINGAPORE SITIAWAN MOURABAYA
FAIRLIE PLACE
CANTON
LUMPUS
TAIPING
Branches:
CAWNPORT
IDCHING
TIENTSLE
Amay
Ipoh
Penang
CAU
MADRAS
TONGKAH
Bangkok
Johore
Rangoon
COLOMBO
MANILA
(Bhuket)
Batavia
Kobe
Bombay
Calcutta
Kowloon Kuala
Saigon San
DERNI
Francisco
HAIPHONG HAMBURG
MEDAN NXW YORK "PRIPING
TSINGTAQ YOKOHAMA
Canton
Chsfoo
Colombo
London Lyons
Dairen
Malacca
Foochow Manila
HANKOW Lumpur Shanghai
Singapore Sourabaya Sungei
Patani Swatow Haiphong Muar Hamburg (Johore) Tientsin Mukden Hankow
Tokyo Harbin New York Tsingtao Hongkew Peiping Yokohama Iloilo
(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 on application.
SAVINGS ACCOUNTs also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.
CURRENT ACCOUNTS 'opened in LOCAL CURRENCY and FIŻID 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
terms which will be business, and claims recovery of British Income Tax overpaid, on quoted on application.
Also up to date SAFE DEPOSIT terms which may be ascertained at
any of the Agencies and Branches.
R. A. CAMIDGE,
од
Boxes in various sizes To LIFE
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.
Manager,
THE CHASE BANK
18, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18 PINE STREET,
NEW YORK.
For the HONGKONG & SHANGHAI BANKING CORPORATION,
V. M. GRAYBURN,
Chief Manager. An American Bank offering com- plete Foreign Banking Service in the principal Markets of the world.
Hong Kong, 25th Feb., 1839.
BANK OF EAST ASIA, LIMITED
Interest Rates on Application.
SAFE DEPOSIT BOXES
Authorised Capital....310,000,000.00 This Bank is entirely owned by Paid-Up Capital
THE CHASE NATIONAL BANI, Reserve and Undivided
NEW YORK, with Resources over Profits
U.S.$2,500,000,000.
5,398,600.00
2,883,932.01
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors:
Bir Bhouson Chow, Chairmio Li Koon Chun)Esq. LI Lau Bang, Esq. P. K. Kwok, Esq. Wong Chu Son, Esq. Wong Yar Tong, Esq. "Han Ying Po, Eng. Chan Ching Shok, Esq. Fang Ping Wah Esq. Kan Tong Po, Esq., Chief Maonger. Li Tsa Fong, Esq., Mansgar.
Branches and Agencies:~~
Kowloom Prise Singapore Razzcon Betra.bays Condon Manila Balros
8waterw Melbourne Bad Bran Bydney
aleco Tiantain Nagus..
Tancouver New York Beattie Partu Semarang Pelping Shanghai
Exteri Bombay Calopt Ca
Haiphong Factow Honobala Kobe
D. M. BIGGAR,
Second Vice Pras.
THE MERCANTILE BANK OF INDIA, LIMITED
Head Ofces-15, Gracechurch Street, London, ECA
Authorised Capten) Spbarhed Capital Paid-up Capital Reserve and and Best,"
BANKERS:
£3,801,000.
£1,050,000 £1,247,830
The Bank of England and Midland
Bank, Ltd. BRANCHES:
Bombay
Bangkok Jpak
Jatiza Kuantan
Every description of Banking and Dalencia Exchange business transacted. Loans Colebe granted on approved securities
Chille 气
Bowrah
Kandy
Karachi
Kota Bharu
Kuala Lipis,
Kunia Trengga Hadena New York
Pesang
Hangoda Shanghai Simla
Ini Lumpur Singapore HONG KONG BRANCH: Every description of Banking and Exchange basinsed tranected.
Travellers Chequeas iarded,
Current Accounts opened in Local Hongkong 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 BOXES 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 $40,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches in China and connections in the principal Commercial Centres of 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:
KONGMOON TOISHAN KINGCHOW
CANTON
SWATOW
SHTUCHOW
We also handle the issue of Bonds
and other Public Funds of the Chinese Geyernment both at Home
BHOU. J. CHIEN,
Tanager,
TRUSTEE AND EXECUTORSHIP *** UNDERTAKEN CURRENT ACCOUNTS. opened in Local Cur rmey wxd-FIXED DEPOSITS received is Local Qurray, STERLING. & V. §. POLLARS on that may be sacertained an applestos.
D. BENSON,
Seventy Millions
CHUNGKING, June 30. (Central)
distributed
by the Farmers' Bank of China a rural districts over 14 provinces up to the end of 1938 amounted to $77- 668,082, of which $47,922,100 were still outstanding. It WEL nounced to-day.
The 14 provinces in which the loans were distributed were: Hupeh, Anhyei, Hunan, Klangst. Faklen, Kwangtung, Honan, Szechwan. Shansi. Kansu' Kwel- chow, Kiangsu. Cheklang and
Shansi
Other Deposita:--
Bankers
Other Accounta
Total
Notes and Coins
Total Bullion
+
6,490
SATURDAY, JULY
PRESIDEN - LINER
Sailings
FOR SAN FRANCISCO & LOB ANOBLES
vis SHANGHAI, KORE, Yokohama and Honolulu
9.8.4 PRESIDENT PIERCE!
14.
S.S. PRESIDENT COOLIDGE
AS "PRESIDENT TAFT"
SS. “ PRESIDENT CLEVELAND”
鱿
July 14th at 13.01 A.M.
July 29th at 10,00
Aug. 12th
Sept 9th at
London, June 29 (Router)
June 15
June 13
£
25,340
15,390
97,200
101,440.
36,130
96,960
133,370
138,400
Government Securities
112,630
113.880
Securities:
OthDiscounts and Advances
6,840
Securities
25,200
22,630
Total
31,690
29.720
31,200
28.180
226,870
227,130
Notes in circulation
494.370
498,980
SS. PRESIDENT PIERCE →
Ratio of Reserve to Liabilities
20.30%
18.31%
Price of Gold at Which Holdings are valued
148/5
143/8
8.8. PRESIDENT COOLIDGE ”
New York, Jute 29 (Hauter)..
June 22
" (000's omitted)
June 29
via SUEZ
1:000
2,584,000
1,000 2,851,000
S.S. PRESIDENT GARFIELD" 9.8, "PRESIDENT MONROE”
85.59%
88.71%
2,567,000
FEDERAL RESERVE SYSTEM
Bills Bought
the
U.S. Securities held
years, For six successive Bank has been pioneering in the
credit co-opera- field of tives in the rural districte In Hupeh, Honan, Anhwel, Shens, Kwelchow Kansu, Szechwan and
It initiated the co-operative move- ment by organising the first pre-
paratory, co-operative societies
Co-operative Banks The Bank intensifed its on the development of co-opera- tive banks throughout last year. More loans were given to enable
expand them to
the scope of
Federal Reserve Ratio
Federal Reserve Credit Outstanding, Monetary Gold Stock Industrial Advance
LONDON METALS
work
EXCHANGE London, June 29 (Reuter):
COPPER
buyers sallers
£
their work. Preparations were Standard, Cash 42-3/16 42-1/4 also to extend loans to various Standard, rural districts in Sinklang, Ningh- sin, Chinghal, Yunnan, Bikang and Kwangst.
At
2,584.000 18.000.000
16,003,000
12.377,000 • 12,440,000
BROKERS' LOANS
New York, June 29 (Reuter). Loan on securities to brokers in New York:-
Week-ended June 22 $517,000,000
Week-ended
June 29 $196,000,000
SPELTER
Official Price.13-7/8
42-5/8
48-1/4
Ordinary.
230
3 months 334-1/4 224-3/8
LEAD
3 months 42-1/2 47-1/2 Electrolytic
TIN The Bank has given loans to Standard. Cash 229-3/4
well as Standard. Government-owned private farms in Klangsi, Hupeh and Shensi provinces. A $1,000,-
contract
signed WLS 000 loan
Yunnan Pro- recently with the vincial Government for this pur- pose,
As a result of the activities of the Bank, a total of 28,781 socle- ties has been established in 14
Foreign,
Official Price 14-7/18 Foreign Oficial
3 months 14-1/2
Ordinary, Omcial
13-15/16
14-3/16
3 months 14-1/8 Final Afternoon Transactions Tin, Standard, Cain, £230 sel-
14-9/16ler.
Tin, Standard. 3 months, £214– 14-9/18 3/4 paid and buyers.
provinces. Of the total amount CONSIGNEES' NOTICES CONSIGNEES NOTICES
of $56,252,338.37 distributed among these societies, $27,481,133.48 has already been refunded.
CHINA LOANS DEFAULT
Sheer Inability To Pay
LONDON, June 30 (Reuter)- The -announcement of default in the Reorganization Loan and the 6 per cent 1934 loan, did not come altogether the 23 B surprise, Say# "Financial Times".
It is recognized that the revenue on which service on these issues were secured have fallen into Japanese hands.
Anticipation of the suspension of the payments was reflected in drop in the quotation of the 1934 Loan by over 18 points in the past month.
.:
Heavy Losses The Chinese Government, whose treatment of its creditors has been exemplary in the past, has been forced to default by sheer inability to pay and it is dimenit to foresee that any arrangements are likely to provide for continued payments in view of the loss of the greater part of the customs and salt- revenue to the Japanese and the recent exchange crisis,
BANK OF FRANCE GOLD
MAKESK LINE
NOTICE TO CONSIGNEES
M.S.
THEGRETE MAERSK *
having arrived, from Now York 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 and Kowloon Whai and Godown Company's godowns at delivery may be Kowloon, where
RICKMERS LINIE
NOTICE TO CONSIGNEES
HE SS.
THE
BERTRAM RICKMERS* having arrived from Hamburg and Porta of call, Consignees of Cargo are hereby notified that their goods are being landed and placed at their risk into the Fong Kong Kowloon Wharf & Godown Company's godowns at Kowloon, where delivery may be obtained as soon as the goods are landed.
obtained as soon as the Goods are landel. Optional cargo will not be landed Optional Cargo will not be anded bere, unless notice has been given 48 bere, unless Notice has been given 48 hours prior to vessel's arrival, but hours prior to vessel's arrival, bat carried carried on from port to port to the on from port to port to the final port of final port of call to which the option call to which the option extenda.
extends.
No Claims will be admitted after the Goods have left the Godowns, and al Goods remaining andelivered after the 7th July, 1939, will be subject to Rent,
No claims will be admitted after the Goods have left the Godowns, and al goods remaining undelivered after the 1st July, 1939. will be subject to
rent.
All broken, chafed, and damaged All broken, chated, and damaged Goods are to be left in the Godowns, Goods are to be left in the Godowns, where they will be examined on 6th where they will be examined co 30th July, 1988, at 10 am by car June, 1939, at 10 am. by our Sur Surveyor Messra, Goddard & Douglas, veyors Mess. Goddard and Douglas.
To cotoply with the General Bonded
To comply with the General Bonded Warehouse Regulations, consignees mast Warehouse Regulations consignees have a Revenue Officer in attendance must have a Reventie. Officer in when damared dutiable goods are attendance when damaged dutiable
goods are examined examined.
All clans must, reach a before
All claims must reach us before the i
the 7th Aug, 1939, or they will not 1st Aug. 1939, or they will not be
be recognized.
recognized. No lumrance will be effectel Bills of Lading will be countersigned by
JEBSEN & CO.
Agenta. Hong Kong, 30th June, 1939...
MESSAGE RIFK MARITIMES
CONSIGNEE NOTICE.
[524
No Insurance will be affcotea. Bills of Lading will be countersigned by...
JEBSEN & CO. Agenta. Eong Kong, 28th June, 1939.
[512
PARIS, June 29 ((Reuter)-TheVICES CONTRACTUELS DES returns of the Bank of France for the week ended June 14, show gold totalling 92,268,000,000 reserves Francs, of gold Content of 27,6 mil- ligrammes, indicating no change as compared with the preceding week.
The total note etreination is given as 119,887,000 Francs, show- ing a decrease of 328,000,000 Francs, as compared with the week ended June 14.
U.S. MONETARY BILL PROVISIONS NEW YORK, June 30 (Reuter) The administration is reported to DONT FORGET have Informed the leaders of Glow gress that it is prepared to allow the provisions of the Monetary Bill to lapse rather than seek an Immediate extension.
THAT WHEN You are at Home you can get the HONG KONG DAILY PRESS
at SELFRIDGES.
The report adds that the administration would then ended vour to have the provisions relat ing to the Stablization Fund re- enacted, but would forego the power which the President now enjoys to devalue the dollar by a further nime' cents.50
me MINISTRY OF SUPPLY BILL
LONDON June 30 (Reuter) The House of Lord yesterday Pass the Second Reading of the Ministry of Supply Bul
BS: CHENONCEAUX " „16'A/39.
BRINGING. CARGO, FROM MARSEILLES via SAIGON, eto ARRIVED HONG KONG OF. SATURDAY, THE 24TH JUNE, 1929.
HAMBURG-AMERIKA LINIE
NOTICE TO CONSIGNEES.
THE MS.
THE RHEINLAND *
baving arrived from Hamburg and Ports of call, Consignees of Cargo arS hereby notified that their goods are being landed and placed at their risk into the Hong Kong & Kowlong Whart &Godown Companys godowns at Kowloon, where delivery may be obtained an mon as the goods are landed
Optional cargo will not be landed
CONSIGNEES are hereby informed here, unless notice has been given t
that their goods with the prception hours prior to vessel's arrival, but of Opium, Treasure and Valuables are carried on from port to port to the being lazded & stored into the Godowas final port of call to which the option of the Hong Koos, Box-lope Waked extends to & Godown Co., Ltd., Kowkgon, whence No claims will be admitted after the delivery may be obtained immediataly Goods have left the Godowns, and all
after landing.
We goods remaining undelivered after the All claims must be sent in to me on 5th July, 1330, ill be subject to or before the 5th July, 1939, or rent they will not be recognized
All broken cbated, and damaged Damaged Packages will be examined Goods are to be left in the Godowns, by the Company's Burveyor, Mosant where they will be examined on
by our Mers, Goddard and Goddard & Douglas in the presence of Jaly, 1939, at 10 am the Consigned it 10.00am on Fri-Surveyors.
Douglas, day, the 30th June, 1939
Consignees must have a Reverse To comply with the General Bonded Oficer in attendance when any dutiable Warehouse Regulations consignees goods are examined by the Company's must have A Revenue Officer io Surveyors
attendance when damaged datable No Fire insurance will be effected by goods are examined the fo any case whatevén
Hong Kong, 24th
All claims must reach us before the 5th Aug 1989, or they will hot be recognized
at Me No Insurance will be effected Bills of Lading will be countersigned
JEBSEN & CO.
Hong Kong, 19th June, Tiaj,
Aug 26th
Sept. 23rd at 9.00 M
AND FORTNIGIETLY, THEREAFTER
FOR NEW YORK & BOSTON
Baile July 8th at 1R Noo
July 30th at 19*
AND FORTNIGHTLY THERRAJES DE
FOR MANILA
ÉS. "PRESIDENT PIERCE" SS PRESIDENT GARFIELD - 8.S." PRESIDENT COOLIDGE"" 8.3. "PRESIDENT ADAMS"
Sails July 7th 43.00 411
July 8th 19. Noos
July 2nd at 1.00 1
Ang. th as 19 Noor
AMERICAN PRESIDENT LINES
'ROUND - WORLD SERVICE"
12, PEDDER ST.
Priestin
Lloyd
TEL 28171.
FORTNIGHTLY.
EXPRESS SERVICE
FAR EAST-INDIA-ITALY.
Hongkong-Loudon 23 days. Hongkong-Italy 51 days
SCHEDULE OF SAILING FROM HONGKONG
TO MANILA, SINGAPORE, COLOMBO, BOMBAY, EGYPT & ITALY
TO SHANGHAI
7th July "CONTE KOSBO” m.v. "VICTORIA” ··
5th Aug. 8.5. "CONTE VERDE”. 25th Arg. "C. BIANCAMANO" 10th Bept. sa "CONTE ROSSO" 2nd Sept.
5. "C. BIANCAMAÑO" 1st July. BE CONTE ROSSO" 14th July 19th Aug, m.v. "VICTORIA" 8.8. "CONTE VERDE 1st Sept. &C. BIANCAMANO" 16th Sept.
LLOYD
TRIESTINO
P.O. Box 143. Tel. Address "Lloydiano"-Telephones 329es Passenger
32983 Freight
HAMBURG-AMERIKA LINIE
Far Eastern Mail, Passenger & Freight Service
Through bookings to America via Europe and Europe via America. Through bookings to Trondon Bookings around the world.
ポ
OUTWARD SAILINGS
* .. "BURGENLAND... for Shanghai, Dairen. Yhama
Kobe
LINE JO
1. "SAARLAND...
for Shanghai, Dairen, Kobe.......
July
m.r. "RAMSES"
for Bhanghai, Dairen, Kobe
19th Ang
18th Ja
5th Angs
HOMEWARD SAILINGS
my, "LEVERKUSEN" for Genon, B'dam, Hamburg my "RHEINLAND” ...for Man, R'dam, Hamburg m.v. “BURGENLAND" for Genos, R'dam, Hamburg ... 91st Ant
Freighter with Passenger Accommodation.
For further particulars and, passge fares, etc, apply to
HAMBURG-AMERIKA LINIE
JEBSEN & CO, Asxáts
12, Padder Street, Tel. 81235-6, PANTON AGENTS: CARLOWITZ & CO., Bhak
THE BEN LINE STEAMERS, LTD.
S.S. "BENLAWERS
ROTTERDAM,
Sailing for LONDON, ANTWERP, HAMBURG and LEITH on or about the 6th July, 1989.
Cargo will also be accepted on through Bill of Lading to the usual transhipment ports.
For Freight and l'airage upp
"Agents:
W. R. LOXLEY & CO.,