HONGKONG DAILY PRESS
BANKS
H. K. STOCK EXCHANGE
Interest in Utilities continues to
HONGKONG & "SHANGHAI THE CHARTERED BANK OF be maintained but the prices offer
BANKING CORPORATION
Authorised Capital..... $50,000,000 Issued & Fully Paid-Up 880,000,000 Reserve Funds:
Sterling
INDIA, AUSTRALIA AND CHINA Incorporated by Royal Charter, 1858 Paid-Up Capital £6,500,000 Reserve Fund H.K. Currency Reserve $10,000,000 Reserve Liability of Proprietors..........
‚$20,000,000,
Head Office:-HONG KONG
`Board of Directors:. A. L. Shields, Esq.,
Chairman.
Deputy Chairman,
W. H. Lock, Esq..
Hon Mr. J. E. Bousfield,
£3,000,000 .......£3,000,000
Reserve Liability of Pro-
£3,000,000 prietors.....
HEAD OFFICE: LONDON: 38, Bishopsgate E.C.2. Sub-Agencies In London: 117/122, Leadenhall Street, E.0.3. West End Branch: 14/16, Cookspur Street, B.W.1. Manchester Branch:
52, Mosley Street, Manchester, 2.
A. H. Compton, Esq.,
Hon. Mr. S. H. Dodwell,
D. F. Landale, Esq.,
G. Miskin, Esq.,'
"K. 8. Morrison, E.,
Hon. Mr. T. E Pearce,
H. V. Wilkinson, Esq.
Sir Vandeleur M. Grayburn,
Chief Manager.
ANGIO
CUTE STARKT
Bangkok Johore
Calcutta Kuzla
DALA
PEIFING
(Peking)
TONGKAR
FOREIGN EXCHANGE and General Banking Business transacted.
Francisco HANKOW Canton Lumpur Shanghai Chefoo London Singapore Colombo Lyons Sourabaya Dairen Malacca Focchow Manila Haiphong Muar
Famburg (Johore)
Rankow
Mukden'
Sungei
Patani Swatow .: Tientsin Tokyo
Harbin New York Tsingtao Hongkew Peiping Yokohama Iloilo
GURRENT 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 ACCOUNT opened in LOCAL CURRENoy and Fixed Deposits The Bank's Head Office in London received for one year or shorter undertakes Executor and Trustee periods in Local and other Cur business, and claims recovery rencies on terms which will be British Income Tax overpaid, on quoted on application.
terms which may be ascertained at
ed are not too attractive. Thus the turnover during the morning's 265- sion was comparatively small.
BUYERS
*HR, Bank, #1395. Unions Ins; $415. Providerita, $4.40. HK Tramways, $161. Yaumatı Ferries, $224. China Lighta (Old), 48.15. Cements, $12). Watsons, $8.30.
Wing On (HK), $41. H.K. Govt, 4% Loan 4% pm. #K. Govt 31% Loan, bar,
SELLEKS
Canton Ins: $230, HK Wharves, $108, HK, Dock, $173. Humphreys, $81, Telephone, (Old), $23.
SALES
HK. Bank, $1350. Watsons, $8.35/40.
PHILIPPINE MINING
QUOTATIONS
FINANCE
STABILITY $1,000,000 OF CHINESE FOR CHINA'S CURRENCY WAR CHEST. CURRENCY":
NO BRITISH ACTION
CONTEMPLATED"
LONDON, July 12 (Router) Asked in the House of com- mons yesterday, whethers, in determined at- view of the tack "on
Chinese dollar the by the Japanese authorities, any action was contemplated by the British Government towards maintaining the stabi- lity of Chinese currency, Sir John Simon, Chancellor the
that Exchequer, said
no further action of any kind WAS being discussed at present.
of
Mr. F.J. Bellenger (Lab) asked if Sir John Simon was confident that the Stabilization Fund or what was left of It was sumice mathtain the stability of Chinese currency, s
to
Assurance Wanted Sir John Simon replied that he thought it better not to discuss such questions by question and answer and said that Mr. Bellen- the ger, must be fully aware of efforts the British Government 10.30 had made in connexion with the
Chinese dollar.
0110
ALOE STAR AMBITBAR
BATAVIA BOMBAY
AGENCIES AND BRANCHES:
BARDIN PERTANG HONG KONG RANGOON ILOILO
SAIGON IPOH
SEREMBAN
CALCUTTA
ΚΑΛΟΕΙ
KLANG
AGENCIES: KOM
SHANGHAI SINGAPORE SITIAWAN SOURABAYA
FAIRLIE PLACE
CANTON
LUMPUR
KUCHING
TAIPING TIETHIN
Amoy
Branches: Ipoh
| GWNPORE,
CU
MADRAS
Atoks
18
Penang
COLOMBO
MANILA
Rangoon
DELHI
MEDAN
Batavia
Kobe
Bombay..
Kowloon
Saigon Sat
HAITHUNG HAMBURG
NEW YORK
(Bhuket) TSINGTAD YOKOHAMA
Antamok.........
Bagulo Gold ..............
178 20
Batong Buhay
Bangute Consolidated Big Wedge Coco Grove
18
24
Consolidated Mines
Demonstration ....
0020 vot
IX.L
Itogon Mining
223
Masbate Consolidated
10
Mine Operation
13
North Camarines.
23
Paracale Gummaus ..............
San Mauricio
89
Surigao Consolidated
20
Suyce Consolidated
12
of
Findicate Investment
0340
United Paracale”....................
391
Mindanao Motherlode
081
PHILIPPING GOLD MINING
QUOTATIONS
Wednesday, July 12, 1839.
Antamoks
17
10
Baguio Gold
30
Benguet Consol,
Batong Buhay
011
187
Coco Grove
24
Consol. Mines
Demonstrations,
081
Mindanao Motherlode
081
Itogons
221
I X. L
£1
Masbates. Consol,
10
Mine Operations
13
North Camarines
Paracale Gumans San Mauricio
89
Suyoc Consol.
12
United Paracales
391
Ipo Gold
18
Syndicate Investment Surigao Consol.
034 10)
ALSO up to date Sure DEPOSIT any of the Agencies and Branches. Boxes in various size To LET
R. A. CAMIDGE,
Manager. Hong Kong, 8th 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., 1999,
BANK OF EAST ASĻA,.
. LIMITED
Authorised Capital.....810,000,000.00 Paid-Up Capital 5,598,600.00 'Beserve and Undivided
Profits
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.
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,
Secund Vice Prez.
2,883,932.01 OIL UNDER
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
www
Board of Directors:
Bir Shomson Chow, Chairman
Li Koon Chan, Esq. Li Lan Bang, Esq. . Wong Cha Son, Esq. P. E. Kwak, Esq. Wong Yan Tong, Esq. Kan Ving To Pag. Chan Ching Shok, Esq. Fung, Ping Wih Esq. Kan Tong Po, Esq.,"Chiat Manager. Li Tan Fong, Haq., Mazagar,
'AMOJ
Batavia
Bombay
* Calcutta
Branches and Agencies:-
Haiphong
Bunkow Konolulu Lebe
Blogspore Kowloom PHOLZE London Rangoon Bourabaya Manila
Bwntow Bayon Melbourne San Fran Sydney Bagama eisoo Tintain New York Beattie Vancouver
Semarang Peipink
Shanghai
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.
SATE 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
A
ENGLAND
The search for domestic supplies
of all, which has been pursued on considerable scale sine the passage of the petroleum (Produc- tion) Act in 1934. has at last received substantial 'encour- agement from the discovery of a deep belt of cil-bearing sand near Nottingham.
Atoks
Big Wedge
CHUNGKING, July 12 (Central) Par-dung and financially strin-
gent Ninghsia province has decid
ed to give the handsome sum of $1,000,000 to the national war chest in commemofatter of the second anniversary of the Sino-Japanese hostilities.
Reputed as one of the poorest of provinces, the average receipts of Ninghsia before the war amoun- ted to only $3,000,000 a year. Vigorous steps ordered by General Ma Pu-fang, Chairman of Ning- hala, to open resoirées knä curtail expenditure have now enabled the province to contribute $1,000,000 to the Central Government.
I
SOVIET - U.S.
BARTER PLAN
VLADIVOSTOK, July 12 (Int?)~~
Persons in close touch with the State Department report that the Government is giving serious con- sideration to a barter plan whereby the United States would trade surplus cotton to the Soviet Union, behind in its textile production, for manganese, vital element in munitions manufacture, which the United States lacks, according to a New York report.
The same quarters also under- stand that the barter negotiations with Belgium, inaugurated several weeks ago, are progressing satis- wefactorily. The United States seeks to swap excess grain and cotton, which Belgium needs, for tin and rubber, of which the colonial em- pire of that country produces an abundance.
Mr. Bellenger said he was ask- ing in order to ascertain whe ther the Government was of the same intention now as when the
"Could act was introduced. have that assurance"? he inquired.
Sir John Shmon said that he thought the answer he had riven originally had dexit with the matter. No further action of the kind mentioned was at present ander discus- sion.
MOVES TO IMPROVE BRITISH TRADE LONDON, July 12 (T/Ocean) The British Trade Minister. Mr. Oliver Stanley, on Tuesday after- noon, in the House of Commons, 10.30 hinted that Britain, in the near fu- ture, in addition to giving loans, would try by other means to im-
EXCHEQUER RETURNS
LONDON, July 18 (BW)—EX- chequer returns show that the
total ordinary revenue amounts to £161,174,302, compared with £160, 363,456 at the corresponding date last year.
1
Total expenditure, less self. balancing items, is £311,695,283 compared with £287,674,182 at the corresponding date of 1938, -
prove the trade relations between CONSIGNEES' NOTICES
002 England and the foreign countries
26.
15
HONGKONG
SHAREBROKERS'
ASSOCIATION
Volume of Business Transacted on Wednesday, July 12, 1939.··· Telephone: (0)
(ex .div), Trams
The unexpectedly shallow depth Lands
at which the oil was encountered Watsons.
Is noteworthy, for no discovery "had been anticipated until drilling had reached the limestone, about 1,000 feet deeper."
In
1,000 $22.75 500 16.80 500 300.
CHINESE APPRENTICES
IN BRITAIN
36.00 8.45
The results obtained at Nottingham 甘き the most promising so far obtained from any of the drillings, which, in different parts of the country, have reached a total of 50,000
On June 28. Chinese apprene feet and cost about £150,000. About 100 tons of all of first- tices who are receiving practical class quality have been obtained training in British engineering a week, and here is every workshops under the Federation of reason to believe that the now is British Industries scholarship not merely seepage, such as has been scheme were entertained to dinner tapped at a very shallow level near at Grosvenor House by members Formby, but comes direct from of the federation's committee. strata which are definitely oll Sir George Macdonogh, a past bearing.
president of the federation and It is far too early yet to chairman of the committee, Baid dogmatize about the size of the sixty scholarships had been award- Dew oflfeld, which cannot be ed to selected engineering gradu. ascertained even approximately ates from approved universities in until the present borehole has china, and Hongkong, and some gone deeper and until further thirty British-trained engineers adjacent drillings have been had already returned to China and
were doing good work there.
PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches made, in China and connections in the principal Commercial Centres of
But the Ciscovery certamry |
in
under quantity
the World, we are able to extend opens up the possibility that oil ex- He announced that twelve ascholarships for training next year to our Clients special facilities for ista Domestic and Foreign Banking and considerable stretch of middle- would be offered through the eastern England, and the FBI: Selection Committee in Exchange.
company responsible for so pro- Shanghai. Jonged and expensive a series of tests is to be congratulated on the
Head Office: SHANGHAI
Hong Kong Branch;
4, QUEEN'S ROAD, C. South China Offices: CANTON
KONGMOON SWATOW
TOISHAN SHIVOHOW KINGOHOW
We also handle the issue of Bonds. And other Public Funds of the Chinese Government both at Home El Abroad.
SHOU JOHEN,
Taner,
} reward of its pertinacity.
TRADE GUARANTEE BILL
in south eastern Europe.
Mr. Stanley added that the ne- gotiations at present going on with the Bulgarian Government aimed at Increasing the British imports from Bulgaria: while it seemed possible to persuade the British tobacco companies to buy more to bacco in Greece, thus helping to generally improve the economic re- lations between Greece and Eng- land. The details are to be an- nounced at a later date.
1,
Trade With Balkans. LONDON, July 12 (B.W.9.)-Br- tish trade with the Balkans was mentioned in two parliamentary answers yesterday....
The President of the Board of Trade stated, regarding a question of increase in British purchases of Greek tobacco, that the matter was still under consideration.
Mr. Oliver Stanley also informed the House of Commons that the British Government were now dis- cussing with the Bulgarian Gov- ernment arrangements which it was hoped would produce some in- crease in British imports from Bulgaria and generally promote trade between the two countries.
-་་
LONDON GOLD
London, July 11 (Reuter). Bar Gold, Fine per oz, 14876. Dollar Parity, 1/2d. premium
NORDDEU ÍSCHER LLOYD "BREMEN.
HE" Steamer
THE
"GNEISENAU
having arrived from BREMEN, HAMBURG and Peris, consignees of cargo are hereby notified that their
carga is being landed at their risk into the godowns of The Hong Kong & Kowloon Wharf &. Godown Co., Ltd Kowloon, Where delivery can be obtained.
All goods remaining undelivered after the 20th July. 1959, will be subject
to rent.
"NO FIRE INSURANCE will be affected by us in any case whatever.
Damaged packages must be left in the godown for examination by the con- signees and the Company's surveyor, Mestrs. Anderson & Ashe, at 10 am on the 19th July, 1839.
Consignes must-have a Bevenue Officer in attendance when damaged dutiable goods are examined by the Company's areyors
No claim will be admitted after the gods have left the godown and all claims must be prosented within Twe Weeks of the ship's arrival here, after which date they will not be recognised.
Consigneer are requested to surrender their Bills of Lading to the undersigned for countersignature.
MELCHERS & CO.. Agenta: NODEUTSCHRE LLord, Bakken, Hong Kong, 13th July, 1999.
LINE
MAERSK
ERVICE
(561
Fortnightly Express Sailings
KEELING, AND
24 JAPAN
LOS ANGELES, PANAMA, NEW YORK BOSTON, · PHILADELPHIA, BALTIMORE,
NORFOLK & SAVANNAH
Through B/L are issued to Central and South America, Gulf and Caribbean Sea Forts and West African Ports Arrivals from USAA
Balings to UBA.
28th July:
ing of the Overseas Trade Guar
antees Bill, which extends to £50,-
000,000 the limit of credits the Board of Trade may darantee part LONDON, July 12 (BWB)The from those justhed on their com Prime Minister informed Mr. Ar-mercial merits alone, that the com- thur Greenwood, acting Leader of mittes stage of the necessary the Opposition, in the House of money resolution would be taken Commons during the Becond Read on Friday,
HALIVE GERTRUDE MALESK".
MY GRETE MAERSK MVHULDA MAERSK"
18th July
27th July
11th Aug. 7th Abg.
M.V. "MARCHEN MAERSK” (All dates are subject to alteration without notice) EXCELLENT ACCOMMODATION FOR PASSENGERS,
LOVE HÁT MODERATE RATES,
* For Freight and Paimge plaaso apply
JEBSEN & CO
Cambon Briatheek, 3.0. ^ VA zentai Hong Kong, Fadder Bulding
Tal 10918
Bwatow Agent GEBR BORSEA
Tel: 3150667
Tol 1838
THURSDAY, JULY 13 1999-PAGE 13
PRESIDENT LINER
Sailings
FOR SAN FRANCISCO & LOS ANGELES vis SHANGHAI, KOBE, YOKOHAMA and HONOLULU AS" PRESIDENT PIERCE” Skils July 14th at 12.01 “8.8. " PRESIDENT COOLIDGE "
SA
PRESIDENT TAFT"
8.8. "PRESIDENT CLEVELAND" 8.S. PRESIDENT PIERCE" 8.8. " PRESIDENT COOLIDGE":
July 29th at 10.00 A.2.
Aug. 2th at 8.00 AE
Aug. 26th Sept
b
Sept. 23rd at 9.00 à 1.
AND FORTNIGHTLY THEREAFTER FOR NEW YORK & BOSTON
via SUES
PRESIDENT MONROE " Bails July 10th at 15"
8.8.
8.8.
PRESIDENT ADAMS **
BB.
AND FORTNIGHTLY THEREA
Aug. 4th at 12.
FOR MANILA
PRÉSIDENT COOLIDGE' Bails July 2nd at 1.00 A.M.
6.8 "PRÉSIDENT ADAMS→ && "PRESIDENT TÄFT”
BS. "PRESIDENT CLEVELAND *
T
Aug. that I Nob
Aug. 8th at 20ÂM.
Aug. 19th at 2.00 À...
AMERICAN PRESIDENT LINES
-"BOUND-WORLD SERVICE"
12, PEDDER ST.
Triestina
Lloyd
TEL. 28171.
FORTNIGHTLY
• EXPRESS SERVICE
FAR, KAST-INDIA—ITALY
Hongkong-London 23 days Hongkung-Italy 21 days
TO SHANGHAI
SCHEDULE OF SAILING FROM "HUNGKONG TO MANILA, SINGAPORE, COLORBO, BOMBAY, EGIFT
& ITALY - CONTE ROSSO" 14th July 12th Aug. m.v. "VICTORIA" -
A "GIULIO CESARE" 1st Sept. 1. "C. BIANCAMANO" 18th Sept. LL "CONTE VERDE" 29th Sept.
#v. "VICTORIA”
3. "GIULIO CESARE" 25th Aug. * "C. BIANCAMANO" 10th Sept. 8.8. "CONTE VERDE" 22nd Sept...
*VICTORIA” 1711 Oct.
m.v.
LLOYD TRIESTINO
P.O. Box 143. Tel. Address “Lloydiano"-Telephones 32962 Passenger
32983 Freight -
HAMBURG-AMERIKA LINIE
Far Eastern Mail, Passenger & Freight Service
Through bookings to Amarica via Europe and Europe via America. Through bookings to. Tondon Bookings around the world. —
OUTWARD SAILINGS
*m.v. "BURGENLAND *.. for Shanghai, Dairen. Yhama.
Kobe gaisur
....19th July "SAARLAND” for Shanghai, Daire, babe,
Kobe int
30th July for "Shanghai, Dairen, T'bama, Kobe
-19th Arg.
B.V. "BAMSES".
HOMEWARD SAILINGS *m.v. "LEVERKUSEN" for Genta, Edib, Balborg ... TANT *my “RHEINLAND"...for Mars, R'dan, Hamburg 5th Ang. MY, BURGENLAND" for Geros, R'dam, Hamburg ... Slet Aug, *Freighter with Passenger Accommodation.
For further partaculars and pesisge fares, etc apply to
HAMBURG-AMERIKA LINIE JEBSEN & CO., AGI?!
is, Pedder Street, Tel, 812056
CANTON AGENTS: CARLOWITZ & CO, Sbakce - Rond,
VISIT BALI AND JAVA
"Most Favourable Months”
JULY & AUGUST.
Special Excursion Fares On Application SAILINGS
TO MANILA, BALI MAKASSAR
AND SOERABAIA
1. T 1 JALENGKA 1819 Jy
MÄIDEN VOYAGE) CAMUTO BATAVIA (DIRECT});
BTJIBADAK 11th TO AMOY, SHANGHAI
CHINNAMPOS
** TJISALAK
JAVA-CHINA-JAPAN-
(as Jaya-China
incorporated in the HONGKONG CANTON SWATO
Ao Macao: Asent.
NOLASCO DA MILY
LIJN EXPRESS SERVICE