HONGKONG DAILY PRESS
BANKS
H. K. STOCK
EXCHANGE
Trading during the week must be. described as somewhat disappoint."
HONGKONG & SHANGHAI THE CHARTERED BANK OFng. At times it seemed the market
BANKING CORPORATION
INDIA, AUSTRALIA AND CHINA
was at last being roused from 15 lethargical state to one of promis-
Authorised Capital $50,000,000 |
ued & Fully Paid-Up 20,000,000 Incorporated by Royal Charter, 1853 activity, only to find the so-
Heserve Funds:
Sterling
Paid-Up Capital
£6,500,000 Reserve Fund H.K. Currency Reserve $10,000,000 Reserva Liability of Pro- Reserve Liability of
prietors...... Proprietors
...$90,000,000
Head Office:-HONG KONG.
Board of Directors:
A. L. Shields, Esq.,
W. H. Lock, Esq.,
Chairman.
Deputy Chairman,
Hon. Mr. J. K. Bousfeld,
A. H. Compton, Esq.,
Hon Mr. 8. H. Dodwell,
D. F. Landals, Esq.,
G. Miskin, Esq.,
K. S. Morrison, Esq.,
Hon. Mr. T. E. Pearce,,
H. V. Wilkinson, Esq.
Sir Vandeleur M. Grayburn,"
Chief Manager.
.£3,000,000. £3,000,000
£3,000,000 HEAD OFFICE: LONDON: 38, Bishopsgate. E. C.2. Sub-Agencies In London: 117/189, Leadenhall Street, E.0.3. West End Branch: 14/16, Cockspur Street, B.W.1. Manchester Branch: 52, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES:
HARBIN ALOR STAR
PENANG AMRITSAR HỪNG TUNG LITODON BANGKOK (LOTLO
SALOON IRCH KARACHI
BATAVIA
BOMBAY
SERIMBAN SHANGHAI
(GALOUTTA KLANG
SINGAPORE'
AGENCIES: IOBI
SITIAWAN
CLIVE STREET
KUALA
HOURABAYA
FAIRLIN PLACE
ATMETER
TAIPING
CANTON
IUCHING
TIENTSIN
Amoy
Branches: Ipoh
MADEAS
TONGKAH
Bangkok
Johore
Batavia Bombay Calcutta
Kobe
Penang Rangoon Saigon
COLOMBO DELHI
MANILA
(Bhukat)
MEDAN
Kowloon
San
Kuala o
Francisco
HAIPHONG HAMBURG HANKOW
NEW YORK. PRIPING
(Peking)
TSINGTAO YOKOHAMA
Canton Chefoo
Colombo
Lumpur Shanghai
Londen . Singapore
Lyons Saurahnya
Daireo Malsech Sungei Manila
Foochow
Patapi
Tokyo.
Haiphong Muar. Swntow Hamburg (Johore) Tientsin Bankow Mukden Harbin New York Tsingtao Hongkow Peiping- Yokohama Iloilo
DAWNPORE CES!
FOREIGN EXCHANGE and General Banking Business transacted.
CCRENT 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 of rencies on terris which will be British Income Tax overpaid, on quoted on application.
terms which may be ascertained at
Also up to date SAFE DEPOSIT any of the Agencies and Branches. Boxrs in various sizes To Ler
R. A. CAMIDGE,
Hong Kong, 8th June, 1930.
HONGKONG SAVINGS
BANK
The Busim'ss of the above Bank
is conducted by the HONGKONG :
& SHANGHAI BANKING COB-
PORATION. Rules may be obtain-
ed on application.
기
For the HONGKONG & SHANGHAT
BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1939.
BANK OF EAST. ASIA, LIMITED
Authorised Capital......$10,000,000.00 Paid-Up Capital 5,508,600,00 Reserve and Undivided
2,883,932.01
Profits
Head Office:-HONG KONG No. 10 Des Voeux Road, Central
Board of Directors:
Sir Bhouson Chow, Chairman
Li Koon Chun, Eq. Li Lan Sang, Eng. P. K. Kwok, Esq.
Wong Cha Son, Esq. Weng Inn Tong, Esq. Kan Ying Po, Eng. Chan Ching Shor, Esq. Fung Pizy Wan Esq. Ksa Tong Po, Esq., Chief Manager. Li Tsa Fong, Esq., Manager.
Am01
· Branches and Agencies:—
Kowloon London
Hingaporn Pazing Rangoon Sourabaya
Bwntow Melbourne San Fran, Sydney
alaco Zinutein Nagas
VALODUTER Beatti Bekirang Shanghai
Bataris
Bombay
Calentia
Baiphong
Baskow Boudlelu Kode
New York
Paris
•
Peiping
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Current Accounts opened in Loon! Currency and Fixed Deposits ceived for one year or shorter periods in Local and Foreign Cur rencies on terms which will be quoted on application.
SAFE DEPOSIT BOXES TO IT.
KAN TONG PO,
** Chief Manager.
BANK OF CHINA
Specially Chartered by
Manager.
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
.18, PINE STREET,
NEW YORK.
An American Bank offering com- plete Foreign Banking Service in the principal Markets of the world.
Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHASE NATIONAL BANI, New York, with Resources over. #.$.82,500,000,000,
tivity short lived and the market relapsing to its former state. En- quiries are still filtering in for the more popular Utilities, but whe the supply is only partially met and higher prices asked for fur- ther supplies, enquirers refire, This accounts for the facts that, al- though the volume of the turnover for the week ia, not altogether negligible, rates show practically no fluctuations for the period. BUSINESS DONE DURING THE WEEK
ELK Bank, $1350, $1340, $1330,
91320, $1330.
Canton Ina, $200.
HK, Docks, $17.
"
Union Ins., $415, 3412), 3405,
Providents, $4.40, 34.45, $4.40,
$4.35, $4.40.
Lands HK., $35).
Tramways, $18.60, $16.55. $18.45,
$18.55.
Yaumati Ferries, $22.
China Lights (0), $81. $8.20. - China Lights (N), $5. Electrics. $541, $544, 354,"$54.15. Telephones (0) -$23. Canton Tees, $1.10. Cements, $12.80. Dairy Farms (0), $21).
BUYERS
HK, Lands 4 Debentures Par. "Canton Ices, $1.
Wing On H.K., $41. HK. Gort: 4% Loan 44%. HK. Govt, 31% Loan 99%.
SELLEKS
China Lights (0), $81.
SALES
HK. Bank, $1330. H.K. Wharves, $104, H.K. Tramways, 318.55/50.
PHILIPPINE GOLD MINING QUOTATIONS
Atoks
Friday, July 21, 1939.
Centavos,
Antamoks
FINANCE & GENERAL
WEEKLY RETURNS AND F
Public Deposita Other DeposLLA :--- Bankers A
BANK OF ENGLAND
- Other Accounta
REPORTS
London, July 20 (Renter),
July 6
July 13
A
29,520
28,380
87,110
90,620
30.780
34,620
Other Securities:
Qment Securities
130,140
100,440
108,650
Discounts and Advinces.
9,230
0.120
Becurities
22,810
34,740
Total
31,840
39,800
Notes and Coins
39,140
38,440
247,070
247,080
507,930
107,840
Ratio of Reserve to Liabilities
25.51%
Price of Gold at Which Holdings are valued
148/8
2450%.
168/0
** Total Bullion
Notes in circulation
FEDERAL RESERVE SYSTEM
Bills Bought
New York, July 20. (Reuter),
July 13
July 20 (000's omitted)
1,000
2,515,000
85.93%
1,000"
U.S. Securities held
1,635,000
Federal Reserve Ratio
85,71%
Federal Reserve Credit Outstanding Monetary Gold Stock
2,560,000
3,537,000
26,174,000
18,192,000 12,557,000
Industrisi Advrace
Tasman Sea.
Air Service
14,778,000
HOW HITLER CAN BE
Nears Opening CONVINCED
TRANS - ATLANTIC
PLANS READY
The maintenance and ground work of the Tasman Sea service between Australia and New Zea- land is just about complete
will be A new radio station opened soon at East Tamaki Head, near Auckland, to help the air navigators as the aircraft fly at 150 m.p.h. over the Tasman Sea.
Australia's share of the under- taking includes establishment of a radio station on Lord Howe Island, an isolated post six hundred miles out from Sydney which is admir- ably located to provide bearings and weather information.
MR. CHURCHILL AND
MR. EDEN
LONDON, July 10 (By Air Mall)—Mr. Churchill has been paid the compliment of being singled out by the German Government as Enemy No. 1 to Its policy, Mr. Eden is Enemy No. 2. What surer indication could we give to Germany wod to Hitler himself that we mean to stand up to aggression than by bringing these two men into the Government? kr.
No doubt for the Prime Minis- ter this presents personal dim- culties, But we do not believe that Fourteen Landplanes
in the hour of the country's "dan- Fourteen Ensign landplanes, ger Mr. Chamberlain would let each weighing some 22 tons. ace that stand in the way, entering service this year. The To reconstruct the Cabinet on first of six which will fly on Euro-this broader and stronger basis pean routes is now operating daily would instantly consolidate the services between London and Paris ranks of the Conservatives, re- in conjunction with a feet, of de assure the Liberals and Labour Havilland Albatross monoplanes. men In the support they are When all of the new seaplanes offering the Government, 8.14 and landplanes are commissioned would compel Herr Hitler to realise Imperial Airways and British Air-that he has to reckon with 3 ways will dispose of a fleet of ap- Britain absolutely united in the re- proximately eighty aeroplanes,
Trans-Atlantic Service
British trans-Atlantic air Бег
vices are fixed for inauguration next month. "Caribou," one of
21
21
Bagulo Gold
20
Batong Buhay
012
Benguet Consol.
10,60
Big Wedge
211
Coco Grove
241
Consol, Mines
002
Demonstrationg
10
I X. L.
44
·
Ipo Gold
16
Itogons
23..
the Short 8.30 seaplanes developed
111
Mine Operations North Camarines Paracale. Gumaus San Mauricio'
.... 12
24
151
82
Surigao Consol. Suyoc Consol.
20
12)
Sundicate Investment
033
United Paracales
41
Mindanao Motherlode
081
€3,00,000
21,500,000
21,050,000
21.247.ASO
D. M. BIGGAR,
Second Vice Pres
THE MERCANTILE BANK OF INDIA, LIMITED
Head Office-15, Gracechurch Street, London, E-C.3
Authorised Capatal Subscribed Capital Paldas Capital. Reserve Fund and Rest,
BANKERS:
"The Bank of England and Midland
Bank. Ltd.
Fitton Kuantan
Kandy Karachi
New York
Peng
Masbates Consol.
HONGKONG
SHAREBROKERS:
ASSOCIATION Volume of Business Transacted an Friday, July 21, 1939.
BRANCHES:
Bangkok pok Beribur Calestia Colombo Dethl Galle Hongkong Howrah
Rule Tregon" Sexdra
Kobe Bry
Kunia, Lipis
Flanroo Shanghel Bimia
F.K. Trams
100 $18.56
Kuta Luper
старот
HK. Trams China Lights (N) Wharves Itogons
100 100
18.80
10 104.00 20,000 Ps. 0.23
HONG KONG BRANCH: Eeury description of Banking and Exchange basiness transacted.
Travelers Cheques swaed, TRUSTEE AND EXECUTORSHIP
UNDERTAKEN
CURRENT LO00UTTA oped In Losal Our- may and FIXED DEPOSIT vel in Local Carrey, STERLING & U, 8, DOLLARS on terms that may be ascretalend on application.
D. BENSON.
THE NATIONAL GOVERNMENT"
OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
Mater
LONDON METALS
EXCHANGE London, July 20 (Reater).
COPPER
buyers sellers
£
£
Standard, Cash "42-11/16 42-3/4 Standard.
43-1/16 48-1/2 40-1/4"
3 months 43
PAID-UP CAPITAL 840,000,000.00 Electrolytic
(BRANCHES ALL OVER CHINA)
Owing to our numerous Branabes
TIN
in China and connections in the Standard, Cash 229-7/8 230
principal Commercial Centres 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 SWATOWS SHIUCHOW
KONGMOON TOISHAN KINGCHOW
We also handle the issue of Bonds and other Public Funds of the Chiasse. Cleveinment both at Home and Abroad.
SHOU J, CHEN,
3 months 224-3/4 224-7/8
LEAD
Foreign,
Official Price 14-11/1614-3/4". Foreign, Oficial
3 months 14-13/16
SPELTER
| Ordinary,
Official Price 14 Ordinary, Offcial
14-15/16
14-1/16
3 months 14-1/4 14-3/8 Final Afternoon Transactions Tin, Standard, Cash, 2230 paid and sellers,
"Tin, Standard, 3 months, 2225 Imper, I paid and buyers
from the Empire flying-boat al-
solve to stop the nonsense which
is working havoc in Europe:
YUNGTING. RIVER FLOODS
liners, has successfully gone. through CHUNGKING, July 21 (Centrál) final trials of the ingenious-Large tracts of land in the dia- mechanism invented for safe fuel-tricts of Antze, Yungtaing and ling, in mid-air, swiftly taking on Wutsing in east Hopel are board a thousand imperial gal-inundated as a result of the lons for fuel from a tanker 'plane collapse of the Yunging River flying near by.
dyke at Sukochwang. The river New tanks have eliminated the has swollen by mountain freshets; uneven distribution among the
says a Tientain message. three talks of the flying-boat The suburbs of. Hunyuan which upset earlier trials, and a district are also submerged. by different method of making first flood waters from the Bang Chien contact between airliner and River. A large number of villagers tanker has also improved matters were drowned.
First Trips
"Cariboui"
The food waters at Shih-
of. and a sister ship chfachwang, Junction
the "Cabot" are expected to make the Peiping-Hankow Railway' and the first trans-Atlantic journeys. Later Chengtai Rallway, have not yet Nineteen civilians, they will be joined by the 313-ton subsided.
Japanese, "Golden Hind," which was launch- including · 12 6.10 ed from the. Short company's slip-known to have been drowned and
way at Rochester three weeks ago. 1,600 houses to have collapsed. and by the sister craft "Gren-
SINGAPORE STOCK QUOTATIONS
The following quotations of 12 leading Singapore stocks received by Messrs. Ells and Edgar, from Singapore July 18, 1939,
MIDDLE FRICE. Rubber Shares Amalgamated Malay Estate Ltd.. $1.42); Kempas Ltd., $2.75; Kuala Sidim Rubber Co., Ltd., $2.12): Pajam Ltd, $1.75; Bungel Bagan Rubber Estates Ltd., $125; Tapah Rübbber Estates Ltd., $1.52).
Tin Shares Petaling Tin Ltd., $0.571; Sungei Luas Tin Dredging Ltd, $1.37).
Industrials
Straits Trading Co., Ltd, $25; United Engineers Ltd (Ord.), $8.45: Wearne, Bros. Ltd., $12.90.
Gold Shares'
ville", and "Grenadier."
Intake of fuel from the tanker
SATURDAY, JULY 22, 1939. -PAGE 13
PRESIDENT LINER
Sailings
TO
MANILA
8.8. "PRESIDENT COOLIDGE"
S.S.
SUNDAY, July 23rd, at 6.00 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
Triestin
Lloyd
B
TEL. 28171.
FORTNIGHTLY
EXPRESS SERVICE
FAR EAST INDIA—ITALY
Hongkong-London 23 dayı 91 days
: Hongkong-Italy
SCHEDULE OF SAILING FROM HONGKONG
TO MANILA, SINGAPORE, COLOMBO, BOMBAY, EGYPT
& ITALY
12th Aug. my. "VICTORIA”
"GIULIO CESARE 1st Sept. 8.5. ". BIANCAMANO” 18th Sept. .. "CONTE. VERDE" 29th Sept.
14th Oct. m.v. "VICTORIA"
A
TO SHANGHAI
5th Aug.
Lv. "VICTORIA”
"GIULIO CESARE" 25th Aug.
8.3. "C. BIANCAMANO" 10th Sept. 3.8. "CONTE VERDE” 22nd Sept. m.v. "VICTORIA”. 7th Oct.
LLOYD TRIESTINO
P.O. Box 143. Tel. Address “Lloydiano"-Telephones
1988 Fassonger 32883 Freight
THE BEN LINE STEAMERS, LTD.
S.S. "BENRINNES"
Sailing for LONDON, ROTTERDAM, ANTWERP HAMBURG and LEITH on or 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 apply
sure
to the Agente:
may augment the loaded weight CONSIGNEES' NOTICES
of the flying-bost to approximate-
ly 53,000 lb-12,500 lb, more than
CONSIGNEE NOTICE,
the laden weight of the standard|AKEVICES CONTRACTUELS "DES
MINGAGERIES MARITIMES Empire craft, which means big in- cretise iri. useful load Other differences between the major trans-Atlantic boats and their fore-runners are the sleeve-valve engines and the stronger structure of the hull to carry the bearler loads.
18. MARECHAL JOFFRE " 18*A/89,
BRINGING CARGO FO
·MARSEILLES via SAIGON, etc. ARRIVED HONG KONG OF WEDNESDAY, THE 19TH JULY, 1989'
being landed & stored into the Godownt of the Hong Kong, Kowloon Wharf & Godown Co., Ltd, Kowloon, whence delivery may be obtained immediately after landing.
CIVIL AIRCRAFT DEVELOPMENT Government and industry will share the cost of research and NONSIGNEES are acreby informed development directed to the that their goods with the exception erention of new high-performance of Opium, Treasure and Valuables are civil aircraft, declares Bir Kingatey Wood, Secretary of State for Ar The work will be supervised by the Civil Aviation Development Com- mittee, & powerful body with an All claims must be sent in to me on independent chairman and memor before the 39th July, 1989, or bera representing the British they will not be recognised a
Damaged Packages will be examined by the Company's Surveyor, Kesers. Goddard & Douglas in the presence of the Consignees at 10.00 am on Tues day, the 25th July, 1939.
Raub Australian Gold Mining Overseas Airways Corporation the Alt Registration Board, and the Co., Ltd., $4521...
Society of British Aircraft Con-
The above quotations are instructors. Straits Dollara.
LONDON GOLD
London, July 20 (Reuter), Bar Gold, Fine, per d. 148/6. Dollar Parity id premium,
Consignees must have a Revenus Officer in attendance when any datiable goods are examined by the Company's No Fire insurance will be effected by
Great Britain, is determined to achieve the technical leadership in design and construction of civil aeroplanes which is hers in the military held Nearly £3) us in any case whateven milions will be expended by the British Overseas Airways Corpora-
ROHL
tion during the next year or two Hong Kong, 19th July, 1958, In acquisition of new airliners.
W. R. LOXLEY & CO., (CHINA) LTD. York Building
Tel. 84185
MAERSK LINE
TINE
SERVICE
Fortnightly Express Sailings
KEELUNG, SHANGHAI NA 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 Porta" and West African Ports. Arrivals from 17 B.A.pd
Bailings to USA
M.V. GRETE MAERSK
· M.V.' "HULDA MAERSE”
17th July
28th July M.V. “MAROHEN MAERSK “ 27th Ang.
(All dates are subject to alteration without notion) EXCELLENT ACCOMMODATION FOR PASSENGERS. AT MODERATE RATES.
For Freight and Pamage plsson apply 1---
JEBSEN & CO.
Acenta
Canton Shamoen, B.C.
Tel: 10918, Swatow Agente GEBR BOESE
Hong Kong, Prider Building,
Tat 31201
Tel: 1638