MUNGKONG DAILY PRESS
BANKS
HONGKONG & SHANGHAI| THE CHARTERED BANK OF
BANKING CORPORATION INDIA, AUSTRALIA
AND CHINA
Authorised Capital... $60,000,000 Incorporated by Royal Charter, Issued & Fully Paid-Up 20,000,000 Reserve Funds:
Storting
£3,000,000 ...........£3,000,000
Paid-Up Capital £6,500,000 Reserve Fundy
Reserve Liability of Pro-
£3,000,000 prietors
HEAD OFFICE: LONDON: 38, Bishopsgate E.C..
H.K. Currency Reserve $10,000,000 Reserve Liability of
Proprietors..ns
..$90,000,000
Head Office:-HONG KONG
Board of Directors:
Chairman..
Deputy Chairman.
A. L. Shields, Esq.,
W. H. Look, Esq.,
Hon. Mr. J. K. Bousfield,
A. H. Compton, Esq.,
Hon. Mr. S. H. Dodwell,
D. F. Landale, Esq.,
G. Miskin, Esq.,
Sub-Agencies. In London:
117/19, Leadenhall Street, E.C.3. West End Branch:
14/18, Cockapur Street, S.W.1. Manchester Branch:
52, Mosley Street, Manchester, S.
AGENCIES AND BRANCHES:
PENANG HARBIN HONG KONG BANGOON ILOILO
SAIGON IPO
-SEREMBAN KARACHI AMANGHAT ILANG
SINGAPORE AGENCIES: KOMM
GITIAWAN BOURABAYA TAIPING
Chief Manager. C B „KUALA
LUMPUR
KUCHING
ALOR STAR
AMBITRAR
BANGKOK
K. 6. Morrison, Esq.,
LATAVIA
Hon. Mr. T. E. Pearce.
BOMBAY
H. V. Wilkinson, Esq.
CALCUTTA
Sir Vandeleur M. Grayburn,
PARIS PLACH
CANTON
Amoy
Branches: Ipoh
CAWNPORE
Penang
CU
"
Batavia
Kobe
Rangoon Saigon
COLOMBO
MANILA
DELHI
MEDAR
Bombay
Calcutta
Kowloon Kusla
San
HAIPHONO
Francisco HAMBURG
Canton Chefoo
Dairen Malacca,
London Lyons
Singapore Sourabaya Sungei
Bangkok Johore
HANTOW Lumpur Shanghai
Colombo
Foochow Manila
Haiphong Muär
Hamburg (Johore)
Hankow Mukden
Patani Swatow Tientsin Tokyo Harbin New York Tsingtao Hongkew Peiping Yokohama Iloilo
KAPRAS
יי
NEW YORK PEIPING
(Peking)
11
TIENTSIM
FONDKAR
(Bhuket) TSINGTAO TOKOHAMA
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPORITA “redsíved for One Year or aborter 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.
The Bank's Head Office in London undertakes Executor and Trustee
CURRENT ACCOUNTS opened in LOCAL CURRENCY and FIXED DEPOSITS received for one year or shorter periods in Local and other. Cur. repcies on terms which will be business, and claims recovery of British Income Tax overpaid, on quoted on application.
Arso up to date BA DEPOSIT terms which may be ascertained at
any of the Agencies and Branches. Boxes in various sizes To Let
R. A. CAMIDGE,
Manager.
Hong Kong, th June, 1839,
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 Hoxoxoxo & SHANGHAI BANKING CORPORATION,
V. M. GRAYBURN,
Chief Manager. Hong Kong, 26th Feb., 1930.
BANK OF EAST ASIA, LIMITED
Authorised Capital......$10,000,000.00 Paid-Up Capital 5,568,600,00 Reserve and Undivided
Profita
2,883,932.01
·Head Office:-HONG KONG
No. 10 Des Voeux Road, Central
Board of Directora:
Sir Shouson Chow, Chairman
Li Koon Chun Esq.
Li Lan Sang, Esq. P. E. Kwok, Eaq.
Wong Che Son, Esq. Wong Yun Tang, Esq., Kai Ying To, Eng. Chan Ching Bhor, Esq., Fung Ping Wah Eaq,
Kan Tong Po, Esq., Chiat Manager. Li The Fong, Esq., Madagar,
Branches and Agencies:-
Kawloon
Londen
Pepane
Bangoon
Ámo] Batavia
Bombay
Salzon
Halphons Beskow Henolah Kabe
Mabourne Be Fran. Magica Joy Tork Beastly Paplog
Bexarang Shaaghal
Pas
disco Tentan
Vancouver
THE CHASE BANK
16, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
16, 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
FINANCE
NEW FOREIGN EXCHANGE REGULATIONS EXPLAINED:
DR. KUNG URGES ECONOMY
CHUNGKING, July 4 (Central)-In a statement regarding 'the new regulations for the allotment of foreign exchange for approved imports issued last night, Dr. H. H. Kung, Minister of new arrangements, the Finance, said that, to spite of these Sino-British Stabilisation Fund Committee will function as usual, The Committee formed faintly by the Chinese and British an- thorities has proved its efficacy in the stabilisation of the ex- change market, Dr. Kang commented."
Dr. Kung explained that the res-of Communications, except in the trictions imposed on non-essential case of shipments of wood all, tea, and mmeral products imports are aimed at stopping the bilaties. drain on the Stabilisation Fund as which, in view of the barter ar- 巋 result of the, manipulations for rangements and arrangements for
foreign exchange on the part of commodity credits and purchase of essential materials, are handled by unscrupulous merchants.
the government trading organiza- Exchange obtained from exports, with the exception of wood of, tons on the basis of the best tea, bristles, and mineral products, prices obtainable in view of the transactions of which will be based conditions of domestic production on the barter agreements and com-and world marketa, q modity credit agreements, accord- Exporters may receive in Chinese ing to Dr. Kung, will be delivered currency at places in the interior to the Bank of China and the arranged with the Bank of China or the Bank of Communications Bank of Communications.
equivalent to foreign exchange thus derived.
The exporters will receive a sum based upon the difference between" the official exchange rates and the rates jointly an- nounced from time to time by the "Bank of China and the Bank of Communications.
Essential Imports
:
2 Exporters, after foreign ex- change derived from export goods has been delivered to the Bank of China or the Bank of Communica- tions at official rates, shall receive upon the production of necessary evidence a sum equal to the differ. Exchange for essential imports ence between the official rates and may be applied for from the the rates announced by these change Examination Committee, banks from time to time, subject After approval, it will be granted to payment by the exporter a at the official rate of the Central charge not exceeding three per Bank, but applicants will be re- cent, in rate.
3. The sum equal to the differ- quired to pay a charge equal to the difference between the oficial ence between the two rates as rates and the rates announced specided in the above article will from time to time by the Bank of be paid in Chinese currency at any China and the Bank of Communi- place in the interior agreed upon
with the handling tank. cations.
emer-
Dr. Kang urged all Chinese. citizens to practice strict economy during this gency time. They should” dis- pense with all luxuries and non-essential articles and save., the money for the national re- construction purposes.
EXCHANGE OF IMPORTS
Following are the regulations concerning the application for ex- change in respect of imports as announced by the Ministry of Fin-
ance.
1. Importers of goods that are
In the meantime native products not prohibited but are essential should be exported as much as may apply to the Exchange Ex- possible in order to seek for a amination Committee at Chung- favourable balance of trade;
king for exchange. CHUNGKING, July 4 (Céntral)— Dr. H. H, Kung. President of the Executive Yuan and concurrently
Minister
2. Applicants shall fill out a of goods, form giving the kind Cuantity, price, origin, port of im
41
of
CONSIGNEES' NOTICES
NOTICE TO CONSIGNEES
PENINSULAR AND ORIENTAL STEAM NAVIGATION Co.'s
STEAKER COHFU.”.
ARRIVED HONG KONG an
T: JULY, 1939.
Рюм LONDON, GIBRALTAR, MAR- SETLLES MALTA, PORTSAID; ADEN, COLOMBO STRAITS.
M
▼ONSIONES of Cargo by the
abors-ramed Vessel are hereby in
formed that their Goods are being landed
and placed at tanin xinx in the Hong
Kong and Kowloon Wharf and Godown
Company's Godowas at Kowloon where
each Consignment will be sorted out Mark by Mark and Delivery can be obtained se the Goods are landed.
Optional Goods will be landed "here unless instructions have been given to the contrary Sir Hours before arrival of the steamer.
Goods not cleared within 8 days in- cluding date of Arrival will be subject to renk
No Fire Insurance will be affected by ne in any cao whatever.
Damaged Packages must be left in the Godowns for examination by the Consignees, and the Company's surrOYOTE. Mears. GODDARD & DOVOLAR, Bb 10 mm
on Mondays and Thursdays, within the Free Storage period.
ای
Consignees are specially notified that it is necessary for Revenus Officer ta be present at the examination of damaged dutiable
| cargo, All Claims against the Steamer met be presented to the Undersigned on or before 16th July, 1939, or they will not be recognized.
No Claims will be admitted after the Goods have left the Gedown,
Agen MACKINNON, MACKENZIE ★ Co Hong Kong, 5th July, 1998
́ ́MAKROK LINK
(533
NOTICE TO CONSIGNEES"
THE MS.
THE
"GRETE MAERSK " baving arrived from New York and Parts of call, Consignees of Cargo are hareby notified that their Goods are being landed and placed at their risk into the Hong Kong and Kowloon Whar sod Godown Company's godowns At delivery may be Kowloon, where obtained a mon as the Goods are landed. Optional Cargo will not be ded bere, unless Notice has been given 45 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 the Goods have left the Godowns, and all Goods remaining undelivered after the 7th July, 1939, will be rabject to Rent.
of Finance, announced portation and destination together to-day the list of articles, importa. with necessary evidence. tion of which is prohibited tem- 3. When exchange is granted, porarily during the hostilities, the Exchange Examination Com- According to the list, 234 tarifmittee shall sue to the applicant numbers out of the total of 672 in a special exchange permit the Import Tariff are affected by which a duplicate is to be given to This Bank is entirely owned by
the new restrictive measures. Not the Bank of China or the Bank of THE CHASE NATIONAL BARK,
able among these are six and Communications as designated by NEW YORK, with Resources over
manufactures thereof, wines, beer, the Committee to issue the ex-ave a Revenue Officer in attendance U.S.$2,500,000,000.
spirits, tobacco, Ash dried and change, ... ... D. M. BIGGAR,
Second Vice Pressmoked, shark fins,
THE MERCANTILE BANK OF INDIA, LIMITED
..
Head Office:-15, Gracechurch Street, London, EC.3 Anthorised Capital Subscribed Capital .. Pald-or Capital
Reserve Foad and Best,"
BANKERS:
21,800,000
21,247,850
WEDNESDAY, JULY 50 1939
PRESIDENT LINER
Sailings
FOR SAN FRANCISCO & LOS ANGELES
TIR SHANGHAI, KOBE, YOKOHAMA and HONOLULU
July 14th al13.01 AS PRESIDENT PIERCE* 8.8. PRESIDENT COOLIDGE * 88. PRESIDENT TÄFT"
8.8. "PRESIDENT CLEVELAND" 8.8. "PRESIDENT PIERCE" 8.8. "PRESIDENT COOLIDGE"
Bepl Sept
AND FORTNIGSTLY THEREAFTER FOR NEW YORK" BOSTON VIA SURE
S.S. PRESIDENT GARFIELD Sails July 9th "88. "PRESIDENT MONROE"
July 20th at
AND FORTNIGHTLY THEREAFTE FOR MANILA
8.8. "PRESIDENT PIERCE** S.S. *PRESIDENT GARFIELD 8.8. "PRESIDENT COOLIDGE" 6.8. PRESIDENT ADAMS"
Sails July 7th at 200 A M
July 8th at 1 Nope July 2nd at 1:00 AM Ang. 4th at 19 Moo
AMERICAN PRESIDENT LINES
· ROUND - WORLD SERVICE”
12, PEDDER ST.
TEL. 28171.
THE BEN LINE STEAMERS, · LTD.
S.S. "BENLAWERS"
ROTTERDAM,
Sailing for LONDON, ANTWERP, HAMBURG and LEITH on about the 6th July, 1939.
Cargo will also be accepted on through Bill of Lading to the usual transhipment ports.
For Freight and Passage upply
All broken, shafed, and damaged Goods are to be left in the Godowne, CONSIGNEES' where they will be examined on 6th July, 1989, at 10 am by our Burreyer Messrs. Goddard & Dongles, To comply with the General Bonded Warehouse Begulations, consignees must hendamaced dutiable goods are examined
►
[524
HAMBURG-AMKRIKA LINIE
NOTICE TO CONSIGNEES.
asparagus, 4. Exchange will be furnished
All claims must reach as before bacon and hams, beer, corned or by the Bank of China or the Bank the 7th Aug, 1939, or they, will not pickled, birds' nests, biscuits, con-for Communications at official rates | be recognised
So. Insurance will be effected. fectionery, eggs, honey, tea, fruits, but the applicant shall pay a pepper, spices, cigarettes, liquid charge equal to the dimerence be Bill of Lading will be countersigned by
JERSEN & 00, " fuels, various kinds of paper, skins tween the official rates and the
Agents. (futs), bamboos and manufactures rates to be announced from time Hong Kong, 30th June, 1939,
woodware thereof, mats,
and te time by the Bank of China and Chinaware of many kinds, mirrors, the Bank of Communications 2,000 gramophones, phonographs. and
exchange" permits 5. Special 21.060,000 other talking machines, jewellery shall be returned, to the Exchange
and ornaments, musical instru-Examination Committee for can ments, pearls. real and imitation cellation after the exchange has perfumery, commetics, toilet equipbeen, delivered
6. These regulations supersede ment, toys and games, umbrellas and works of art.
the regulations of March 12, 1938 amendments thereof. They shall take effect Following is a translation of the from date of promulgation. regulations issued by the Ministry of Finance on July 1 relating to import prohibitions:
The Bank of England and Midland
Bank, Ltd. -BRANCHES:
Bingapors Surabaya
Bangkok
Bombay
Ipoh Jadon
Calcutta
Qoldin bo
Delhi Galle Hongkong
Karachi Kota Bharu
Howra
Every description of Banking and Exchange business transacted. Loans 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.
SAFE DEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager.
BANK OF CHINA
Specially Chartered by
THE NATIONAL GOVERNMENT
OF CHINA AS AN
Kuantan
Kandy
Kuiz Lipu
Kuala Lätipur
Kunia. TvengaRUG Modena New York Pert BankOOD Sheerhai Siata
Singapore HONG KONG BRANCH: Etury description of Banking and" Kachange
basis
tractant. Travellers Cheques furd, TRUSTEE AND EXECUTORSHIP
UNDERTAKEN
· OURRENT ACCOUNTS opened in Local Cur ready and FIXED DEPOSITS recared in Local Currency, STERLING & 6.9, DOLLARS CO LETIS that may be ascertained no application.
D. BENSON,
H. K. STOCK EXCHANGE
..
Master
THE REGULATIONS
and
subsequent
1 Importation of commodities NEW POWER PLANT of foreign rigin is prohibited effective immediatézy.
2. Inter-pory transhipment of these imported" commodities is also prohibited from date of Issuance of the
IN KUNMING
KUNMING, July 4 (Central)-To meet the growing demand of the increased population, a new power
their importas order prohibiting plant capable of delivering 4,000
kilowatt is being built here by the Reconstruction Department of the
nearing completion.
MERHEINLAND THE MER haring arrived from Hamburg and Porta of csil, Consigneen of Cargo are hereby notified that their goods are being landed and placed at their rak into the Hong Kong & Korloon Wharf Godown Company's godowns" at Kowloon, where delivery may
be
landed: obtained as soon as the goods are Optional cargo will not be landed bere, unless notice has been given 48 hours prior to vessel's arrival, bot carried on from port to part to the
extends.
al port of call to which the option after the No claims will be admitted after Goods have left the Godowns, and all goods remaining undelivered after
All broken chafed, and damaged
where they will be examined on 4th July, 1838, at 10 am by Tour
Surveyors Mears Goddard AD Douglas,
3. Private concerns of indivi-Yunnan Provincial Government. 8th July, 1989, will be duals, with approval of responsible Construction work on the plant rent government organizations, may was begun last March and is now Goods are to be left in the Goglom apply for importation of any of these -prohibited commodities when necessary to adjust the prices in the interior, to meet special cases based upon actual HK. MINES ORE Deals in HK. Banks were re-needs the Ministry of Finance may PAID-UP CAPITAL $40,000,000.00 ported at $1316, $1320 and $1325, Issue special licenses for imports REPORT FOR JUNE
whilst Unions came to business atton and transportation. Separate Nielson & Co, me, Managers (BBANURES ALL OVER CHINA)
Otherwise the market re-regulations will be issued govern for the Hongkong Mines, Ltd, re- in China and connections in the mained dull with a lack of generaling issuance of such special port 4731 short dry tons of ore principal Commercial Centres of enquiry"
INTERNATIONAL EXCHANGE
BANK CAR
Owing to our numerous Branches $425.
the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange.TV
Head Office: SHANGHAI Hong Kong Branch"
4, QUEEN'S ROAD, C. South Chine Offices:
CANTON
SWATOW SHIUOHOW
KONGMOON TOISHAN KINGCHOW
We also handle the issue of Bonds and other Public Funds of the Chinese Government both at Home and Abroad.
SHOU J. CHEN,
Hanager:
BUYRES
HK. Bank, $1300.
licenses.
Banded To comply with the General Warehouse Begulations, 1 orasignce
attendance when damaged dutiable muts baro Revenue: Officer in goods are examined.:
All claims must reach us before the Stb Ang
1929
or they will not be recognized.
No Insurance will be effected Bills of Lading will be countersigned
JEBSEN 00:
[$11
treated for the month of June. 4. These regulations will apply from which 496.12 dry tons of also to importation and inter-port lead concentrates were produced. by transhipment of these prohibited averaging 61.76 percent lead and
14.42 oz diver per ton. HK. Lands 4% Debentures par. articles by parcel post. China Lightë" (0), $8.15.
Union Ins., $420.. :
Wing On HK., $41.
ELK Govt. 4% Loan 4% Prem. HK. Govt 31% Loan $99-7/8.
SELLEKS
Union Ins., #432). Providenta, $4:45.- HK. Tramways, $161.
SALES
H.K Bank, $1315/25. Union Ins, $425.
EXPORT EXCHANGE Following is
translation of HONGKONG
SHAREBROKERS”-
ASSOCIATION
the regulations issued by the Min istry of Enance on July 1 reisting to export exchange.
$1. All foreign exchange derived from exports, whether handled by Government trading organizations
Volume of Benin
or private firm, must be sold omcial rátes of The Central ank HK Bank to the Bank of China, or the Be
1939
$1,325.0
40/16-35
MA Agents)
Hong Kong, 28th June,
to the Agents:
W. R. LOXLEY & CO., (CHINA) LTD.
Tel. 34185
NOTICES
NOTICE TO CONSIGNEES
AMERICAN & ORIENTAL LINE.
FROK
BALTIMORE, PHILADELPHIA, NEW YORK, NEWPORT NEWS, SAVANNAE, LOS ANGELES & SAN FRANCISCO.
THE M.V.
THE
York Building
NOTICE TO CONSIGNEES
OCEAN STEAM SHIP CO. LTD.
AND
CHINA MUTUAL STEAM NAVIGATION CO., LTD.
YONSIGNEES per Co.'s Vessel
MANON"
FROM UNITED KINGDOM VIA SINGAPORE
are hereby notified that their carge will be discharged into Holt's What Kowloon, whereas will He ai tokios risk and subject to terms and condi tions of storage at Holt's Wharf. The Cargo will be ready for delivery from Godown on and after 3rd July, s
* ESKBANK” having arrived, consignees of cargo by her are informed fast all goods are
Optional cargo will not be lander landed at their risks into the being hazardons and/or extra hasardous here, unless notice has been given ursor to steamer's arrival bus carried un godowar of the Hongkong Kowloon from port to port to the final port of Wharf & Godown Co. Ltd. when call to which the option extends delivery may be obtained.
All broken, chaled and No claims will be admitted after the goods have left the gedowns and all goods are to be left in the Geden
Tuesdays and Fridays between the goods remaining undelivered after 10th Where they will be examined on any July, 1889, will be subject to rent. hours of 10.45 am. and Noon within All claims against the vessel must the free storage period store p20T be presented to the undersigned on or No alanis will be admitted after the before 17th July, 1988, or there will Goods have left the steamer's Godowny not be recognized
**All brokan, chated and damaged goods and all Goods remaining undelivered must be left in the godowne, where they after the 10th July, will be subjectio
All Claims against the Stearner mm will be examined by the steamer rent, non defeat drehb
veyer on the 10th July, 1999, the presented to the undersigned o 10 sm.
before the 24th July, or they wil be recognised.
No Fire Insurance, will bé gflected.
No Fire Insurance has been effected, Hills of Lading will be countersigned by THE BANK LINE (CHINA) LTD.
Agnita. *u Hong Kong, Brd July, 1989.
[527
3rd July, 1938.
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