HONGKONG DAILY PRESS
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
$50,000,000
Authorised Capital.......... Issued & Fully Paid-Up $20,000,000
Reserve Funds:
Sterling
£8,000,000 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.,
W. H. Lock, Esqu
Chairman.
Depity Chairman.
Hon. Mr. J. K. Bousfeld,
A. H. Compton, Esq.,
Han. Mr. S. H. Dodwell,
D. P. Landale, Esq.,
G. Miskin, Esq.,
K. S. Morrison, Esq.,
Hon. Mr. T. E. Pearce.
H. V. Wilkinson, Esq.
Sir Vandeleur M. Grayburn,
Canton
Chief Manager.
וי
INDIA, AUSTRALIA
AND CHINA
The
H. K. STOCK EXCHANGE
On 4
day's trading was somewhat broader and extensive scale than yesterday. The leaders being E.K. Banks, Unlóma, and Electrics. Markings, however, point
Incorporated by Royal Charter, 1853 to the fact that buyers are in a position to make their own terms, £3,000,000 and in consequence some slight £3,000,000 | giving way in price levels is noti-
ceable.
Paid-Up Capital
Reserve Fund
Reserve Liability of Pro-
prietors
£3,000,000
HEAD OFFICE: LONDON:
38, Bishopsgate E.0.2... Sub-Agencies In London: 117/122, Leadenhall Street, E.0.3 West End Branch: 14/16, Cockspur Street, S.W.1. Manchester Branch:
5o, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES :
ALOR STAR
AMRITSAR
ΒΑΝΟΧΟΣ
BATAVIA
BOMBAY
| CALCUTTA
HARBIN
PENANG HONG KONG MANGOON ILOILO
BAIGON IPOH
KARACHI
LANG
AGENCIES: XOBE
CLE SWEAT
KUALA
FAIRLIK PLACE
CANTON
CAWNPORE
OKBU
LUMPUR
KUCHING
MADRAS
(Peking)
Amoy
Branches: Ipoh
Penang
MANILA
Bangkok
Johore
Rangoon
COLOVRO DELHI
KEDAN
Batavia Rombay Calcutta
Kohe
Saigon
HAIPHONG
NEW YORK
Kowloon Sag
HAMBURG
PRIPINO
Kuala
Francisco
HANKOW
Lampur Shanghai
Cheloo
London
Singapore
Colombo
Lyons
Sourabaya
Foochow Manita
Haiphong Muar
Patani Swatow
Hamburg (Johore)
Tientsin
Bankow
Mukden "Tokyo
Harbin
New York
Dairen. Malacen "Sangei
Hongkow Peiping
Iloilo
www.
Tsingtao Yokohama
"SEREMBAN
SHANGHAI UNGAPORE BITLAWAN HOURABAYA TAIPINO TIENTS IN TONGKAH
(Bhuket)
TRINGTAO
ТОКОНАМА
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 FIXED DEPOSITS. The Bank's Head Office in London received for one year or shorter undertakes Executor and Trustee periode in Local and other Cur-business, and claims recovery of terms which will be British Income Tax overpaid, on rencies on quoted on application..
terms which may be ascertained at ALBO up to date Sarz DEPOSIT any of the Agencies and Branches. Boxes in various sizes To LET
R. A. CAMIDGE, Hong Kong, 5th Jane, 1830.
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, 28th Feb., 1939.
BANK OF EAST ASIA, LIMITED
Authorised Capital.....$10,000,000,00 Paid-Up Capital 5,398,600.00 Reserve and Undivided
Profits
.... 2,893,932.01
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors:
Sir Bhouson Chow, Chairman
Li Koon Chin, Esq.
P. K. Kwok, Esq.
WODg Yun Tong, Esq.
Li Lan Sang, Esq.
Wong Cha Bos, E4 Kan Ying Po, Esq.
Chan Ching Shok, Esq. Fang Fing Wah Esq.
Kan Tong Po, Esq., Chiat Manager.
Li Too Fong, Eaq., Muanger.
Calcutta.
Branches and Agencies:-
Ámay
Batavia Bombay
Halphong How Honolula Lobe.
Kowloon
Londra
Manila
Halbourne
Penazg
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
- HEAD OFFICE:
BUYERS
HK. Banks, $1320.
Union Ins., $400...
HK. Landı 4% Debentures par. Yaumati Ferries, $22. HK, Electrics, $54. Canton Ices,. $1.
Wing On HK, $41.00 HK. Govt. 4% loan 4% pm. HK. Govt 3% loan 981 %.
SELLEKS
HK, Wharves, $108. H.K. Docks, $17. Providents $41. Dairy Fams (0), $214.
SALES
HK. Banks, $1330/20, Canton Ins., $200.
Union Ins, $412)/405.
HK, Docks, $17. HK. Lands, $35. AK. Tramways, $16.60. China Lighta (0), $9.20 HK. Hestries, $541/54. Telephones. (O)," $23. Cements, $12.80.
CABLE REPORT NO. 548 Battery: 5,163 tons, 1,364 OZ.. 1,297 fine vts,
Re-Treatment 7,561 tons, 790 OZS., 618 fine oz3S.
Total: 2.154 oz. "Total: 1,913 fine oza
Estimated proft: $52,000 vious month $40,000).
FINANCE
JAPAN IS SHORT
OF IRON. Boston-Shortage of steel and other metals in Japan is tending to hamper that country's extensive shipbuild- ing programme, according to Harold P. Smith, New England manager of the Culted States Bureau of Foreign and Dom- estle Commerce. Considerable scrap metal that is taken from Boston to Japan is sald, to be used in steel that goes Inte ships.
Estimated needs of iron ore "In Japan this year amounts to 7,500,000 tons, 'compared with production of 2,600,000 tons, Mr. Smith declared. Of the 5,000,000 tons of imported ore needed, not more than 1,800,-
·000 tons can be obtained from Malaya, he said. French Indo- China and the Philippines may supply more than formely but, the mines to "Central China, which normally supply 1,300,- 00 tons, will probably supply much less than that amount, while shipments from North China this year are not ex- pected to exceed 1,400,000 tons.
WEEKLY WHEAT
REPORT
REYNOLDS AND GIBSON (Per Payne & Co.)
Liverpool, July 4. London. Our market has again been very steady with scarcely any change in quotations. The quiet- (pre-ness which has prevailed ever
il
PHILIPPINE GOLD MINING QUOTATIONS
Centavos.
21
191
204
since the barter deal became a possibility has been accentuated since the signing of the agreement between the governments of the US, and the UK The Senate en- dorsed the terms of the agreement last Wednesday but until the In- ternational Rubber Regulation Committee meets to consider what action it will take to release the necessary supplies, it does not look as if much business will be trans- acted in our market. In the not- mal course of events the IRRC. is due to meet three weeks to-day, the 25th. inst., when the quota for the October-December quarter will 23 have to be considered. Under the
130 10.50
Atoks Antamoks
Manager.
Baguio Cold
Batong Buhay
Benguet Consul.
Big Wedge
Coco Grove
21.
23
Consol. Mines
002
Demonstrations
081
1. 'X... L.
43
Ipo Gold Itogons
16
Manbulan Consol. Masbates Consol
08 11
Mine Operations North Camarines Paracale Gumaus
131
15
San Mauricio
Surigao Consol,
02 21
Suyoc Consol,
12)
Sunlicate Investment
United Paracale Mindanao Motherlode
18, PINE STREET,
NEW YORK. An American Bank ofering 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 BANT. NEW YORK, with Resources over U.S.82,500,000,000,
D. M. BIGGAR,
Second Flow Pres
THE MERCANTILE BANK OF INDIA, LIMITED
Head Omeo:-15, Gracechurch Street, London, EC3
Authorised Capital Fald of Capita Subscribed Capital Reserve Fund and Rest.
HONGKONG
W
CHINESE CUSTOMS|
เ
PROHIBITIONS
SHANGHAI, July 18. (Intl)- The Chinese customs is anforcing the prohibition of imports on eighteen commodities including. foreign liquors, cigarettes, marine products, silk goods, toilet articles. toys, fruits, canned provisions, lumber, paper, bamboo mann- factures, fuel liquid unless permit is granted by the Ministry of Finance, in Chungking.
ין
а
By strengthening the import restriction, the National Govent- ment intends to reduce, China's imports by $230-million a year,
This
the third measure adopted to improve China's for- eign trade balance. The first measure was the foreign exchange operation conducted by the stabilization' of the Chinese national dollar and the second. measure was the partial mora- torium declared by the local Chinese banks
1
JAPANESE CEMENT NOT WANTED IN “SINGAPORE SINGAPORE, July 18 Intl)- Prices of Portland cement here are likely to rise as it is to be used in construction works in place of. Japanese cements in spite of its lower prices. The quality of Jap- anese cement is poor.
47:
The consumption of Portland cement in Singapore during June. is estimated to be 'more than 18,500 bags.
LONDON GOLD
London, July 17 (Reuter). Bar Gold, Fine per oz. 148/6. Doliar Parity, 1/2d. premium.
CONSIGNEES' NOTICES
BARBER-WILHELMSEN LINK
NOTICE TO CONSIGNEES.
M.V. "TAI PING" From USA via MANILA,
"ONSIGNEES of Cargo are hereby
informed that all Goods are
being landed at their risk into the Godowns of the Hongkong and Kow. loon Whart & Godown Company, Ltd.
WEDNESDAY, JULY 191939 PAGE 19
PRESIDENT LINER
Sailings
TO
MANILA
&.&. "PRESIDENT COOLIDGE" S.S.
SUNDAY, July 23rd, at 1.00 A.M.
IMPORTANT
All passengers must possess cholera inocula tion certificates issued by the Hongkong Govern- ment authorities at least five days prior to arrival at Manila.
AMERICAN PRESIDENT LINES.
"ROUND-WORLD SERVICE"
12, PEDDER ST.
TEL. 28171.
THE BEN LINE STEAMERS, LTD.
S.S. "BENRINNES"
or
Sailing for LONDON, ROTTERDAM, ANTWERP, HAMBURG and LEITH on about the 9th August, 1939.
Cargo will also be accepted on through Bill of Lading to the usual transhipment ports.
For Freight and l'assage upply
to the Agmis:
W. R. LOXLEY & CO., (CHINA) LTD.
Tel. 34165
York Building.
at Kowloon, whence and/or from the CONSIGNEES' NOTICES CONSIGNEES' NOTICES
wharves delivery may be obtained.
Optional cargo will not be landed here, unless police has been given 48 hours prior to vessel's arrival, but car- ried on from port to port to the final port of call to which the option
terms of the agreement about 80.000 tons will altogether be ac- quired by the USA. Government and, on the face of it, it would look as though a 10 per cent, re- lease will be necessary for about six months in order not to disturb the functioning of the regulation 034 scheme
for commercial pür- It poses.
13 thought that delivery to the US. will com- mence round about October, and this reserve stock when finally ac-extends. cumulated will, if not meanwhile disposed of by reason of a major war occurring, be held for a period of seven years from the date on which the agreement comes into force.
41+ 081
SHAREBROKERS'
ASSOCIATION
Volume of Business Transacted an Tuesday, July 18, 1939, Electrics
500 $54.00 200 54.25
£3,000,000 21,900,000
£1,000,000
Electrics
€1,247,8
Union Ins.,"
TIEMS
Cements
BANKERS: The Bank of England and Midland
Bank, Ltd. BRANCHFS:
Kaotan
Kuala TrenggaƏN
New York
Mad
Singapore
Bangkot
Ipob
Hanzoos
Saigon
Sourabaya Bestow
Всталь у
Jafar
Caletta
Colombo
Kandy
H
Delhi Galla
Flongkong Поткр
Karachi
Fangood
Kota Bharu
Shanghai
Kuala Lipla
Ban Frus Sydney
choa Tientsin.
Vancouver
Beattie New York
Pripizg
Bemarang Shangbal
Every description of Banking and Exchange business transacted. LoRDS granted or approved securities.
*****19
China Lights (0) Suyocs
40 405.00
100. 16.60
Shipments from Malaya for the month of June are returned as 31,541 tons compared with 42.214 tons during May.
500 12.60 The following are taken from 100 8.20 the May issue of the IRR.C's 3,000 Ps. 0.124 | Statistical Bulletin:-- -
THE RADE AUSTRALIAN GOLD MINING CO... (Incorporated in Queensland) The statement. for quarter ended Every description of Banking and Exchang May 20, 1939 (consisting of three
Kuala Lumpur "Bingapor
HONG KONG BRANCH:
bhainem transacted.
Travellers Cheques ingred,
TRUSTEE AND EXECUTORSHIP
UNDERTAKEN
"urrent Accounts opened in Local Currency and Fixed Deposits re-
QURIENT ACCOUNTS opened in Local Car ceived for one year or shorter ready and IXED DEPOSITS ved in Loca periods in Local and Foreign Cur-Carency, TERLING & U. 8, BOLLABS on terms.
thai may be sacertained no application. rencies on terms which will be
D. BENSON," quoted on application.
SAFE DEPOSIT BOXES To Ler.
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 ALE ÖVER CHINA) Owing to our numerous Branches
Hanager
LONDON METALS
EXCHANGE London, July 17 (Reuter).
COPPER
buyers sellers
Standard, Cash 42-5/8 42-11/16 Standard,
.43-1/16
3 months 43. Electrolytic 48-7/849-1/4
TIN
in China and "connections. In the Standard, Cash 229-7/8 principal Commercial Contrés of Standard,
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:
CANTON
SWATOW BHIUCHOW
KONGMOON TOISHAN
KINGCHOW
We also handle the issue of Bond's and other Public Funds of the Chiasse Government both at Home and Abroad.
SEQU J. CHEN,
four-weekly periods),
World Shipments:-May 1939, 70,587 tons; April 1939, 73,865 tons [adjusted): May 1938, 65,152 tons (adjusted)
1939,
|
No alaims will be admitted after the
Goods have left the Godown, and all Goods remaining undelivered after the 25th inst, will be subject to rent.
All claims against the vessel must be presented to the undersigned on or before the Bist inst. or they will not be recognized.
All broken, chafed, and damaged Goods are to be left in the Godowns where they will be examined on the 24th inst, at 10 am. by our survoyons Mesars. Goddard & Douglas,
In the case of dutiable cargo, con- signees are requested to inform the Imports & Exports Office that they. have such goods for examination.
No Fire Insurance has bean affected, Bill of Lading will be countersigned by
DODWELL & CO., LTD.
"Agents.
World Absorption:-May 84,988 tons; April 1939, 85,956 tons Hong Kong, 18th July, 1989, (adjusted); May 1938, 77,626, tons (adjusted).
Battery
World Stocks and Afloats:-May Tonnage of Ore raised 14,632 1939, 397,748 tons; April 1939, 403,- tona.
824 tons (adjusted); May 1938, No. of Ounces of Bullion - 456,472 tons (adjusted); duced 4,182 ounces.
As mentioned last week, mtil No. of Ounces of Fine Gold Re- more concrete detalls are 'avall- covered 3,931 ounces.
able, we do not look for much movement in prices in either direction.
-Re-Treatment Plant-
No. of Tans treated 23,869 bas. No. of Ounces of Bullions pro- duced 2,339 ounces.
NOTICE TO CONSIGNEES
OCEAN STEAM SHIP CO, LTD.
AZD.
OBINA MUTUAL STRAN NAVIGATION CO, LTD.
Movements of Rubber in L-CONSIGN ANTENOR
don and Liverpool for week end- No. of Ounces of Fine Gold re-[ing July 1, 1930:- covered 1865 ounces,
London:-Landed, 582 tons; De- "Value of Gold from all sources livered, 804 tons; stock, 42,376 £43,178 Sterling.
tons; Last year, 60,654 tons. Working Costs £,788 Sterling. Liverpool: Landed, 1,074 tons; Capital Expenditure £250 Ster-Delivered: 815 tons; Stock, 21,234
ling.
Mine Profit for Quarter (subject to Deprecation) £18,390 Sterling,
PHILIPPINE MINING QUOTATIONS Tuesday, July 18, 1939.
Centavos
tons; Last year, 31,800 tons.
New York. This market has been fluctuating within a range of about 10 points but without any decided trend. Factory Interest has shown some slight toiprave ment but the disturbed state of affairs in Europe and also in the Far East prevents a steady busi- ness from taking place, and we do not think there will be much change until it is seen exactly how 013 the barter plan will be worked out 10.50 In practice.
Co's Vessel
FROM UNITED KINGDOM VIA SINGAPORE.
...
are hereby noticed that their Darge will be discharged into Holt's Wharf, Kowloon, where it will lie at Consignees risk and subject to Terma and Conditions of Storage at Holt's Wharf. The Cargo will be ready for Delivery, from Godown on and after 18th July,
Optional cargo will not be landed here male Notice has been given prior -to" Steamer's arrival, but carried on from. port to part so the final port of sail to which the option extends,
All broken, shafed and damaged. Goods. are to be left in the Godowns; - where they will be examined on any Tuesdayı and Fridays between the hours of 10.45 1. and Noom within the Fres Ekerage period.
No Ulaima will be admitted after the Goods have left the Stasuer's Godawa, and all Goods remaining undelivered after the 39ad will be subject
230
3 months 225-1/8
LEAD
225-1/4
Foreign,
Atoks
Official Price 14-3/4 Foreign, Official ","
14-13/16
Antamoks
Baguio Geld
21
191 201
14-15/18
Batong Buhay
Benguet Consol
Big Wedge
21
14-1/4′′
Coco Grove Consol, Mineg
23
III
004 43:1
Paracale Gumaus
San Mauricio
Ipo Gold
18
Bariga Consol
Itogona
231
-Suyoc ConADI
12.
Manbulso Consol
08
Sanlicate Investment
·034*
Masbates Consol:""
11
United Paracoles)
Mindarias: Motherlode
16th July 1989,
3 months 14-7/8.
SPELTER Ordinary,
Official Price 14-3/16 Ordinary, Official
3 months 14-3/8 14-7/16 Final Afternoon Transactions. Tin, Standard, Caîh, £230, sel-
flera.
Tin, Standard. 3 months 225-
Manager:11/4 sellers.
Demonstrations
Mine Operations
|002 ||- North Camarines.
to Rent
All Claims against the Bteamen must "be presented to the Undersigned on or before the 6th Aug, or they will not be recognised. Defend t
No Fire Insurance will be affected. BUTTERFIELD & SWIRE
Agarta
1655
· COMPAGNIE DES MESSAGERIES MARITINES
ik
CONSIGNER NOTICE.
44
S.S. ANADYR " 8°AED/39.
BRINGING CARGO FROM. DUNKIRK via HAIPHONG etc.
Axar, HONG KONG ON SATURDAY, THE 15TH JULY, 1938
- SILVER LINE.
NOTICE TO CONSIGNEES
FROM NEW YORK, SAN FRANCISCO.
THE
:
ABE Motor Vessół ··
"SILVERWALNUT
having arrived from the above Ports on | 14th instant, Consignees of Cargo sto hereby informed that their Goods are being landed at their risk into the Go- ONSIGNEES are hereby informed downe of the Hong Kong and Kowloon that their goods with the exception Wharf and Godown Company, Limited, of Opium, Treasure and Valuables are | Kowloon, and stored at Consignees with being landed & stored into the godowns and expense,
All broasa, cha fed, and damaged Gooda of the Hong Kong Kowloon What and Godown Co., Ltd., Kowloon, whence are to be left in the Godowns, where delivery may be obtained immediately they will be examined on Thursday, after landing.
17 | 20th instant, at 10 am,
All Claims must be sent in to me or before the 25th July, 1939, or they will not be recognized."
Damaged Packages will be examined by the Company's Surveyor, Merors. Goddard & Douglas in the presence of the Consignees at 10.00 on Wednesday, the 21st July, 1989
Consignees must have a Rerenne Officer in attendance when any dutiable goods are examined by the Conrpant's Burveyors.
No Fire Insurance will be affected bị. ue in any case whatever,
R. OHL,
Agent Hong Kong, 15th July, 1988.
[655
All Claims must be presented within 15 Days of the vessels arrival here, after which date they cannot be re cognised,
No Olama will be admitted after the Goods have left the Godowna, and ali Goods remaining undelivered after the 91st iast, 1939, will be subject te Reat.
No Fire Insuränes has been affected, Bills of Lading will be countersigned by
FURNESS (FAR EAST), LTD.
fnd Floor, Hongkong & Shanghai Bank Building Dials sal65.& 23160. Hong Kong, 14th July, 1989,
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[364