H
D
||
FINANCE
WEEKLY RETURNS AND REPORTS
BANK OF ENGLAND
London, July 13 (Reuter).
June 29
. July 6
3
29,520
£
19.300
Bankers
98,480
Other Accounts
37,580
87,110 30,780
Total
134,040
123,890
Governmen
Securities
118710
100.440
Paid-Up Capital ............................. Reserve Fund... Reserve Liability of Pro-
prietors
Other
Discounts and Advances Securities
8.700
9,230
22.460
22,610
Total
91,750
31,840
£4,000,000
Notes and Colas
21,360
227,090
247,070
Notes in circulation
505.720
19.93%
Price of Gold at Which Holdings are valued
148/6
607.990 25.51% 148/6
HONGKONG DAILY PRESS
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
Authorised 'Capital... $50,000,000 Issued & Fully Paid-Up $20,000,000 Heserve Funds:
Sterling
£8,500,000 H.K. Currency Reserve $10,000,000 Reserve Liability of
Proprietors
$20,000,000
Head Ofce:-HONG KONG
Chairman.
Deputy Chairman,
Kon. Mr. J. E. Bousfeld,
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,
H. V. Wilkinson, Esq.
Sir Vandeleur M. Grayburn,
INDIA, AUSTRALIA
AND CHINA Incorporated by Royal Charter, 1813 .:£3,000,000 £3,000,000
HEAD OFFICE; LONDON: 38, Bishopsgate E.C.2 Sub-Agencies In London:
117/122, Leadenhall Street, E.0.3 West End Branch: 14/16, Cockapur Street, 8.W.I, Manchester Branch:
59, Mosley Street, Manchester, £.
AGENCIES AND BRANCHES:
Public Deposits Other Deposits :-----
Bills Bought
Board of Directors: A, L Shields, Esq.,
W. H. Lock, Esq..
Batavia
Bombay
Total Bullion
Ratio of Reserve to Liahälties
FEDERAL RESERVE SYSTEM
ALOR STAR
AMRITSAR
HARBIN RONG TONG
PENANG
U.B. Securities held
Federal Reserve Ratio
BANGOON
BANGKOK
BATAVIA
BOMBAY
ILOILO ІРОД KARACHI
SALGON
+L
SEREMBAN
Federal Reserve Credit Outstanding. Monetary Gold Stock Industrial Advance
SHANGHAI
SINGAPORE SITIAWAN BOURABIYA
CALCUTTA «KLANG
Francisco HANKÓW
KUALA
LUMPUR, TAIPING
(Peking)
AGENCIES: KOBE
CLIVE STRIKT
Chief Manager.
FAILOR PLACK
GANTON
Amoy
Branches: i poh
JAWNPORE
KUCHING
MADRAS
CMBU
Bangkok
Lahore
Penang Rangcon
COLOMEO
MANILA
DELRI
MEDAN
Kobe
Saigon
HAIPHONG
NEW YORK
Kowloon
San
HAMBURG
PEIPINO
Calcutta
Kuala
Caston Lapur
Shanghai
Chefou
London
Singapore
Colenb
Lyons
Saurabaya
Dairen, Malacca Sangei
Foochow Manila
Patani
Haiphong Hau
Swatow
Fambur [Johore)
Tientsin
Bankow
Mukden
Tokyo
Harbin
Hongkew Iloilo
New York Peiping
Tsingtao" Yokohama
CURRENT
ACCOUNTS Opened in LOCAL CURRENCY and FixD DEPOSITS "received for me year
TIENTSIN
TONGKAR
(Bhuket)
TSINGTAO YOKOHAMA
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 st rates which will be quoted on application.
SAVINGS ACCOUNT also opened in Local Currency and Sterling with interest allowed at rates obtainable or application.
The Bank's Head Office in London
U.S. COTTON
EXPORT
FLAT SUBSIDY
SUGGESTED
WASHINGTON, July 14 (Reuter}
39,140
New York, July 13 (Reuter}.
July 6
July 13 (000's omitted)
1,000 3,551,000 85.60% 2,549,000
1,000 2,833,000
4:
18,138,000 12,318,000
85.71% 2,549,000 16,174,000 14,298,000
INDIAN SILVER MARKET
Strength Attributed To "Bear" Actuity
BOMBAY, July 14 (Reuter)--The Mr. Henry Wallace, U.S. Secre- present strength of silver is mainly tary for Agriculture, advocated a attributed to aggressive "bear" fiat cation export subsidy, but at coverings in the belief that the the same time he said that the bottom of the market has been United States does not intend to reached. supplant, but rather would utilize,
advocated a
The absorption of spot silver by
prices.
| CONSIGNEES' NOTICES
SILVER LINE.
NOTICE TO CONSIGNEES
FROM NEW YORK, SAN FRANCISCO.
MEE Motor Vessel
י
SILVERWALNUT“
having arrived from the above Ports on 14th instant, Cousignees of Cargo are berehy informed that their Goods are being landed at their risk into the Go- downs of the Hong Kong and Kowloon Wharf and Godown Company, Limited, Kowloon, and stored at Consignees risk and expense.
All brokes, chated, and damaged Goods are to be left in the Godowns, where' they will be examined on Thursday, | Nth instant, at 10a.m.
All Claims must be presented within 18 Days of the vessel's arrival here, alter which date they cannot be no wognized.
No Claims will be admitted after the Goods have left the Godowns, and all Goods remaining undelivered after the 1st inst, 1939, will be subject to Boat.
No Fire Insurance has been effected, Bill of Lading will be countersigned,
FURNESS (FAR EAST), LTD
Snd Floor, Hongkong & Shanghai Bank Building Dials 23165 & 23169," Hong Kong, 14th July, 1989.
[864
NORDDEU FSCHER LLOYD BREMEN,
THE
Steamer
"GNEISENAU "
the existing trade machinery for the interior averaged 180 bars daily
BREMEN, making effective the subsidy pro-in the past fortnight, which high having arrived from
level will not be able to be main- HAMBURG and Ports, consignees gramme.
fattained for long, especially during of cargo are hereby notified that Mr. Wallace
their cargo is being landed at or shorter undertakes Executor and Trustee i with no distinction as to payments the monsoon and at the current their risk into the godowns of The Hong Kong & Kowloon Wharf & In the absence of defnited Godown Co., Ltd, Kowloon, Where periods in Local and other Cur- business, and claims recovery of for different classes of cotton.
For Long Period rencies en terms which will be British Income Tax overpaid, on
terms which may be ascertained. at "My feeling is that the initial United States support at the cur-delivery can be obtained. quoted on application.
DeroSIT any of the Agencies and Branches.
rate to be announced should be rent advance, well-informed quar- belleve that prices must R. A. CAMIDGE, one which could be continued for ters
a long period unless some unpre- gradually decline. dictable and major change should occur in the competitive conditions of the world market," he said.
A180 up to date SA Boxs in various sizes To LET
Hong Kong, 5th June, 1939.
HONGKONG SAVINGS
BANK
Manager.
THE CHASE BANK
The Busin 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 Manager. | Hong Kong, 25th Feb., 1939.
· BANK OF EAST ASIA,
LIMITED
Authorised Capital.....$10,000,000.00
Paid-Up Capital .......
Reserve and Undivided
Profits
0,499,600.00
2,883.932.01
Head Office:-HONG KONG
No. 10 Des Voeux Road, Central,
Board of Director:
Bir Bhouson Chow, Chairman
L! Koon Chun
P. K. Kwok Ex
Li Lan Sang, Esq. Wong Chu Sen, Esq. Wong Tan Tong, Esq. Kan Ying Po, Eng. Chan Ching Bhur, Esq. Fang Pur Wah Esq Kan Tong Po, Esq., Chiel Manager. Li Tae Yong, Eaq., Manager,
Amoy
HATATLA
Bombay Calentia
Branches and Agencies:-
Halphong
ULKOW
Hmotutz
'Lobe
Howloca Paning Blagaporo Bourseys Накросв London
Balgon westow Melbourne San Fran. Sydowy
Nagaska
New York Pare
Polplag
aleco Tinstala
Yazcover Beattie
Bemarang Shangha
Every description of Banking and Exchange business transacted. LosNÍ granted on approved securities.
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 CHABE NATIONAL BANK, NEW YORK, with Resources över U.8.82,500,000,000.
D. M. BIGGAR,
Second Vice Pres
THE MERCANTILE BANK OF INDIA, LIMITED
Head Offico-15, Gracechurch Street, London, EC.3 Authorland Capital Saberribed, Capital Paid-ar Capital .. Reserve Food and Best,"
£1,900,000
In determining payments, "Mr." Wallace asserted that the rate should be sought for which the possibly of Increase could be re- mote as the possibility of decrease.
|HONGKONG
SHAREBROKERS'
ASSOCIATION
Volume of Business Transacted on Friday, July 14, 1939.
He also delared that he believed that the programme should be HK. Banks made effective as soon as possible Watsons
in
7 $1,350.00
100
All goods remaining undelivered after the 20th July, 1989, 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- signers and the Company's surveyors, Mesars. Anderson & Aahe, at 10 am, on the 19th July, 1939.
Consigness must have a Revenue Oficer in attendanes when damaged datiable goods are examined by the Company's surveyors.
Na claim will be admitted after the goods have left the godown and al 4 claims must be presented within Two 8.20 Weeks of the ship's arrival here, after order that cotton, shipping China Lights. (O): 300
5.25 which date they will not be recognised. should not be unnecessarily delay- China Lights (N) ` » 10°
Providents******** 25 ··4.40
Consigneen are requested to surrender ed.
their Bills of Lading to the undergued Mine Operations .. 5,000 РБ 0.13
for countersignature. PHILIPPINE GOLD MINING
༣། QUOTATIONS
At the same time. he recom- mended that all payments' made at leat to the end of the calendar will
respect the 1939 crop.
SINGAPORE STOCK QUOTATIONS
The following quotations of 12 leading Bingapore stocks received by Messrs. Ellis and Edgar, from Singapore July 11, 1939.
MIDDLE PRICE.
Rubber Shares Amalgamated Malay Estate Ltd., 4,500,000 $1.424; Kempas Ltd., $1.72); Kuala 21,050.000 Sidium Rubber Co., Ltd., 2.12); £1,347,830
Pajam Ltd., $1.75; Sunge! Bagan Rubber Estates Ltd. $1.25% and Tapah Rubber Estates Ltd., $1,47).
- Tin Shares
BANKERS: The Bank of England and "Midland
Bank, Ltd. BRANCHES:
Kunntas Kandy
Kuala Trenggan Mindma
Bangkok
Ipot
Bombay.
Jaffus
Calentin
New York
Colonho
Penang
Deltid Galle Bongkang Howrah
Karachi
RADNO
Kota Bharu
Shangiat
Kuala Lips
Kuala Lumpur
Biml Singapore HONG KONG BRANCH: Every description of Banking and Exchange
bustorm transected.
Traveliers Cheques ligued.. Current Accounts opened in Local
TRUSTEE AND EXECUTORSHIP Currency and Fixed Deposits re-
UNDERTAKEN reived for one year, or shorter
CUHLENT ACCOUSTS opened in oral car. periods in Local and Foreign Currency, an FIXED DEPOSITS ad is Locs. zencies on terms which will be Carresey, STERLINGU.S. DOLLARE on terms
that may be ascertaloni su application, quoted an application.
SAFE DEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA ABAN INTERNATIONAL EXCHANGE
D. BENSON,
Xwager
CHINA TO CHECK SMUGGLING BY JAPAN
BHAOKWAN, July 14 (Invi)-In view of the Japanese blockade of *BANK'
the China coast partly for the PAID-UP CAPITAL $40,000,000.00
of dumping Japanese purpose (BRANCHES ALL OVER CHINA)
goods into. the
the interior.
Govern- Owing to our numerous Branches Kwangtung Provincial in China and connections in the principal Commercial Centres of ment under the suggestion of the World, we are able to extend Chairman Li Han-yun has made a to our Clients special facilities for working arrangement with Kwang- Domestic and Foreign Banking and i and Fukien provinces, whereby
the smuggling of Japanese goods 1 Exchange.
to be checked,
Head Office:- SHANGHAI Hong Kong Branch:
4, QUEEN'S ROAD, C.
South
Petaling Tin Ltd., $6.57 and Sungel Luas Tin Dredging Ltd., $1.371.
Industrials
Straits Trading Co. Ltd., $25; United Engineers Ltd., (Ordinary), $8.271 and Wearne Brothers Ltd., $12.85.
Gold Shares .. Raub Australian Gold Mining Co., Ltd., $4.30. --")
The above quotations are in Straits Dollars.
CZECH ASSETS
IN BRITAIN
New Settlement Scheme
LONDON, July 14 (Reuter). -A scheme for the settlement" of claims against Czech assets held in Britain was announc- ed by Sir John Simon,- Chen- cellor of the Exchequer, the House of Commons VYCHE terday.
ZEL
ment to the Treasury of £6,000,- It will provide for the repay- 000 advanced to the former Cze choslovak Government -- and for It is learned here. that the the use and benefit of Czech re- Japanese goods are imported dutyfugees of the unexpended balance tres from Canton and Swatow and of the tree gift of £4,000,000. are intended for sale in territory As there are no practical ad under Chinese control.
vantages in detalled arrange Most of the Tapanese goods un- menta, particularly in the hand- We also handle the issue of Bonda derwent a change of labels in aning of the refugee problem being and other Public Funds of the outport or in Shanghat prior to worked out in conjunction with Chinese Government both at Home shipment to the interior of China, the Central Bank and the Refugee Goods of such character will be Institute in Prague. this matter and Abroad
SHOUJOHEN, scrutinized carefully by revenue will be taken up with the German
Government Yamagor, and preventive service
Cina Offices
CANTON SWATOW SHIUCHOW......
KONGMOON TOISHAN KINGCHOW
Big Wedge
Consol. Mines
MELCHERS & 00.. Agenta: NORDDEUTSCHER Llotd, BazkIN. Hong Kong, 13th July, 199
MAKASK LINE
NOTICE TO CONSIGNELS
Centavos.
Friday, July 14, 1939. Antamoks Atoks
18
185
Bagulo Gold
20
•Benguet Consol
10.30
Batong Buhay
012
12)
Coco Grove
002
Demonstrations
08 THE
THE M.S...
"HULDA HAERSK "
Mindanao Motherlode Itogons
081
23
#1
Masbates Consol
10
13
23
14
30
100, whate delivery may be obtained na FOOD the goods are landed.
12
United Paracales
40
15
Sundicate Investment Surigao Consol.
191
L. X. L......
!me Operations North Camarines
Paracale Gumaus
San Maurielo ".. Sugoc Consol
Zpo Gold ...
having arrived from New 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 Konu and Kowloon Wharf & Godown Company's godowns, at Kow-
Optional cargo will not be haded
here, unless notice has been given đẹ hours prior to vessel's arrival, but carried on from port to port to the final which the option 054 port of call to
extends.
LONDON METALS EXCHANGE London, July 13 (Reuter):
COFFER
buyers sellert
2.
£ Standard, Cash 42-13/18 42-7/1 Standard.
43-3718 3 months 43-1/8" Electrolytic 48-3/4 49-1/4
TIN Standard, Cash 229-7/8" 230 Standard,
3 months 224-3/4228-7/8:
LEAD Foreign,
Offcial Price 14-5/8" Foreign, Officiai
3 montis 14-374
SPELTER Ordinary.
14-11/18
-14-13/18
Official Prica 14-1/16 14-1/! Ordinary, Official
No Claims will be aducitted after the Goods have left the Godown, and All Goods remaining undelivered after the 18th July, 1989, will be subject to Bent.
Allbroken, chatea, and damaged Goods are to be left in the Godowns, where they will be examined on 17th July, 1939, at 10 ... by our Surveyors Mesare. Goddard & Dougla
To comply with the General Bonded Warehouse Regulations consignees must haves Revenue Officer in attend. ance when damaged dutiable goods are examined.
All claims must reach us before the 18th Aug, 1939, or they will not be recognised. *
No Insurance will be affected, Bills of Lading will be countersigned by
JEBBEN & 00,
Agente Hong Kong, 11th July, 1999-
SKODA WORKS
IN CANADA
[548
The French Schneider Co. of 3 months 14-1/4 14-8/10
Creusot is negotiating with Mon- Final Afternoon Transactiontreal Marina Industries, Ltd., a Tin, Standard, Cash £230 paid French-Canadian firm, for the es- tablishment of an armament plant. and sellers
Tin, Standard 3 months, £225 at Quebec for the manufacture of
arms and equipment for France paid and sellers
BROKERS LOANS
New York Jul 13 (Reuter). Loan on securllies to brokers in
Week-ended
Week-ended New York:—
July 6 $495,100,000
It is understood that Skeda in- terests are largely represented. It the negotiations are success!41, the series of new Skoda
mar begin
SATURDAY, JULY 15, 1932 PAGE 13
PRESIDENT LINER
Sailings
FOR SAN FRANCISCO & LOS ANGELES via SHANGHAI, KORE, YOKOHAMA and HONOLULU Saile July 29th at 1000-A.M. S&PRESIDENT COOL' DOE" 9.S." PRESIDENT TAFT" B.S." PRESIDENT CLEVELAND" 8.8. " PRESIDENT PIERCE “ BS. PRESIDENT SOOLIDGE" S.S." PRESIDENT TAFT »
འ
Ang. 12th at 8.00 AM. Aug. 26th at 8:00 AM.
Sept. 8th at 100 P.M.
Sept 23rd at 9.00 A M.
Oct. 7th at 8:00 AM.
AND FORTNIGHTLY THEREAFTER
FOR NEW YORK & BOSTON VIA SUEZ
Sails July 20th at 19 NooN- Aug. 4th at 19 Noor
88. "PRESIDENT MONROE* S.S. PRESIDENT ADAMS"
AND FORTNIGEETLY THEREAFTIR
FOR MANILA
8.8. "PRESIDENT COOLIDGE" 8.S "FRESIDENT ADAMS" S.S." PRESIDENT TAFT" S.SPRESIDENT CLEVELAND "
Sails July 22nd at 1.00 A.M.
Aug 4th at 18. Noos Aug. 5th at 2.00 A.M. Aug. 19th at 1.00 A. M.
AMERICAN PRESIDENT LINES
"ROUND-WORLD SERVICE” “
12, PRODER ST.
Triestina
Lloyd
TEL. 28171.
FORTNIGHTLY
EXPRESS SERVICE
FAR EAST-INDIA ITALY
Hongkong-Loudon 22 days. Hongkong-Italy 21 days
SCHEDULE OF SAILING FROM HONGKONG
TO MANILA, SINGAPORE, COLOMBO, BOMBAY, EGYPT
& ITALY
B.B. "CONTE ROSSO" m.y. "VICTORIA” 8.8 "GIULIO CESARE" 1st Sept.
15th July 19th Aug.
TO SHANGHAT'
m.v. "VICTORIA"
6th Aug.
8.5. "GIULIO CESARE" 25th Aug.
8.3. "O, BIANCAMANO" 10th Sept
"C. BIANCAMANO" 16th Sept... "CONTE VERDE" 22nd Sept.
CONTE VERDE 29th Sept.
1.v. "VICTORIA”
LLOYD TRIESTINO
7th: Oct
P.O. Box 143, Tel. Address "Lloydiano"-Telephones 39969 Passenger
33963 Freight
HAMBURG-AMERIKA LINIE
Far Eastern Mail, Passenger & Freight Service
Througa bookings to America via Europe and Europe via America.
·Bookings round the world.
Through bookings to Trondon,
OUTWARD SAILINGS.
*.. "BURGENLAND" for Shanghai, Dairen; Thama
Kobe
.....19th July. for Shanghai, Dairen, Y'hama.. Kobe........
30th July for Shanghai, Dairen, Thams,
18th Aug. Kobe
1.8. "SAARLAND".
1.v. "RAMSES".
HOMEWARD SAILINGS
m.Y.“ LEVERKUSEN" for Gence, R'dam, Hamburg... 18th July *m. “RHEINLAND" for Mara, R'dam, Bamberg 5th Ang.
m.. BURGENLAND" for Gemon, R'dam, Hamburg. Freighter with Passenger Accommodation,
LOS
For further particulars and passage fares, etc. apaly to:-- HAMBURG-AMERIKA LINIE
JEBSEN & CO., AGENTS,
12, Peddar Stress, Tal. 812036.
21st Aug.
CANTON AGENTS: CARLOWITZ & CO., Shakee Road,,
MAERSK LINE
Fortnightly Express Sailings
SHANGHAI and JAPAN
ANGELES, PANAMA, NEW YORK, BOSTON, PHILADELPHIA, BALTIMORE
NORFOLK & SAVANNAH
Through Base ismod to Central and South. Americs, Gulf and
Caribbean Sea Forts and West African Bor Arrivals from UBALO
28th July,
MV "GRETE MAERSH MVHULDA MARBSK”
97th Ang
MV, MARCHEN MAERSK (All dates are subject to alteration without ETOHLLENT ACCOMMODATION FOR PASSINUKES AT MODERATE RATE:S:
Tod. Freight abi, Piesare plosan apply i
JEBSEN & CO.
Canton Bha
10916:
Agents Hong Kong Felder Build
Swalow Agentz GBBR ROESE.