PRESIDENT LINER
Sailings
FOR SAN FRANCISCO & LOS ANGELES
Sail Aug. 12th at 80
HONGKONG DAILY PRESS
BANKS
H. K. STOCK
EXCHANGE
This week's market like its pre
HONGKONG & SHANGHAI THE CHARTERED BANK OF decessor was notable for a com-
BANKING CORPORATION
Authorised Capital......... $50,000,000 Issued & Fully Paid-Up $20,000,000 Reserve Funds:
Sterling
"INDIA, AUSTRALIA
Do
...£3,000,000 £3,000,000
AND CHINA Incorporated by Royal Charter, 1851 Paid-Up Capital £6,500,000 Reserve Fund
Reserve Liability of Pro-
prietors
HEAD OFFICE: LONDON: 38. Bishopsgate E.C.2. Sub-Agencies In London: 117/122, Leadenhall Street, E.01 West End Branch:
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, Esq...
Chairman.
Deputy Chairman.
Hon. Mr. J. K. Bousfeld,
A. H. Compton, Esq.,
Hon. Mr. S. H. Dodwell,
D. F. Landale, Esq..
K. S. Morrison, Esq.
£3,000,000
14/16, Cockapur Street, 8.W.1. Manchester Branch:
52, Mosley Street, Marichester, 2.
AGENCIES AND BRANCHES:
plete lack of interest; but those Interested in the local market can consol themselves that the Horig- kong market is not alone in this
respect.
BUSINESS DONE DURING THE WEEK
Hongkong Bank, $1320, $1325.
Union Ins., $395.
Docks, $16.30.
Providents, $4.30 $41.
Lands, $341.
Humphreys, 87.30.
Tramways, $16.70.
Yaumati Ferries, $324.
Chins Eights (0), $7.90. Electrics, $531, $53).
Telephones (0), $), $22. Watsons, $8. "
Govt. 4% Loan 104,
FINANCE
WEEKLY RETURNS AND REPORTS
BANK OF ENGLAND
SATURDAY, AUGUST 5, 1939. -PAGE 13,
Public Deposits Other Deposits:-
Bankers
London, August 3 (Reuter).
July 20
July 27
‛
£
23,010
23.260
91.380
89,530
Other Accounts Total
38,740
98,180
128,120
128,760
Gove
Securities
106,490
112,610
Other
Securities:-
13
Discounts and Advances
8,050
6,880
Securities
22,500
21,170
Total
29,500
28,030
Notes and Coins
56,140
28:490
247,040
247,050
610.900
320.570
23.44%
17,77%
Price of Gold at Which Holdings are valued
148/6
Total Bullion
Notes in circulation
Ratio of Reserve to. Liabilities.
FEDERAL RESERVE SYSTEM
New York, August 3 (Renter),
July 27
Aug. 3 (006's omitted)
Bills. Bought
1,000
U.S. Securities held
5,488.000
1,000 2,453,000
ALOR STAR AMERITRAR LANGTOK
HARBIN HONG KONG ILOILO
PENANG
Federal Reserve Ratio
86.16%
BATAVIA
BOMBAY
. IPOH
KARACHI TLAXC
BANGOON BAIGON
BERIMBAN SHANGHAI SINGAPORE .SITIAWAN
BOURABAYA
Govt. 4% Loan Ex. Inter, $102.
Federal Reserve Credit Outstanding. Monetary Gold Stock Industrial Advance
2,412,000
18,271,000
16,248,000
12:470.000
11,745,000
G. Miskin, Esq.
Hon. Mr. T. E. Pearce,
H. V. Wilkinson, Esq.
Sir Vandeleur. M.Grayburn,
Chief Manager.
CALCUTTA
AGENCIES: KOME
Clark deszET
KUALA
TAIPING
FAIRLIN PLACT
LOANTON
LUMPUR
Amoy
Branches: Ipoh
CAWNPORE
XUUKINO
TIENTSIN
CHEBUJ
MADRAS
TONGELE
Penang
DOLOMBO
MANILA
(Bhuket)
Bangkok Johore
Batavia
Kobe
Bombay
Kowloon
Rangoon Saigon San
DELI
MEDAN
TEINGTAŬ
KAIPHONG
Francisco
HAMBURG KANIOW
NEW YORK PHIPING
(Peking)
TOKOHAMA
Canton Lumpur
Shanghai -
Chefoo
London
Singapore
Colombo Lyons
Sourabaya
Sungei
Calcutta Kuala..
Dairen Malacca Foochow Manila Patani Haiphong Muar Swnlow Hamburg (Johore) Ticntain. Bankow Mukden Tokyo Harbin New York Tsingtao Hongkew Feiping Yokohama Iloila.
FOREIGN EXCHANGE and General Banking Business transacted.
CERRENT ACCOUNTS opened sad FIXED DEPOSIT received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNTs also opened ip Local Currency and Starling with interest allowed at rates obtainable on application.
CURRENT ACCOUNTS opened in LOCAL QURRENCY and FIXED DEPOSIT The Bank's Head Office in London received for one year or aborter undertakes Executor and Trustee periods in Local and other Cur-business, and claims recovery of renties' on terms 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. BOTES in various sizes To Lar
R. A. CAMIDGE,
Manager. Hong Kong, 5th- Jras, 1930,
.HONGKONG SAVINGS
BANK
The Business of the above Bank is conducted by the HONGKONG & SHANGHAI BANKING COR- PORATION. Ruler may be obtain- ed on application.
For the HONGKONG & SHANGHAI
BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 25th Feb., 1989.
BANK OF EAST ASIA,
LIMITED
Authorised Capital......$10,000,000.00
Paid-Up Capital
Reserve and Undivided.
Profits
5,598,800.00
2,883,932.01
Bead Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors: -
Bie, Shonson Chow, Chaiman.
Li Koon' Chua, Zaqa Li Lan Bay, Eag P. K. Kwek, Esq. Wong Chu Sen, Esq.
Kan Ting To, kaq. Fung Pizz Wab Esq.
Wong Tan Tong, Eag. Chan Ching Shoz, Esq.
Kan Tong Po, Esq., Chief Manngar., Li Tre Fong, #4, Manager.
Az
Batavia
Branches and, Agencies 1—
tawion
BowDay
Londo
Masika
Coloutta Malbores
Haiphong
Bankow
Kobe
THE CHASE BANK.
16, 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
Tar CHABE NATIONAL BANK New Yoax, with Resources over U.S.$2,500,000,000.
D. M. BIGGAR,
Second Pics Pres.
THE MERCANTILE BANK OF INDIA, LIMITED
Hand Offco:-19, Gracechurch Street, London, E.G3
Authorized Capital Subscribed Capital Paid-up Capital Masores Yund and Best,
BANKERS:
The Bank of England and Midland
Bank, Ltd. BRANCHES:
BUYERS
HK. Wharves, $102,
H. K. Lands, $343.
H.K. Lands. 4% Debentures, Fat NEW BANKNOTES
Yaumati Ferries, $2.
FLK. Electrics, $53).
Canton Ices, $1...
Cements, $12.-
HK Govt. 4% Loan: $102. HK: Gort 34% Loan, 991.
SALES
H&B. Hotels, $5.
PHILIPPINE MINING QUOTATIONS Friday, August 4, 1939.
Centavos.
221
Atoks
Antamoks
Bagulo Gold
211
Batong Buhay
013
Benguet Consol,
10.80
Big Wedge
211
Coco Grove
241
Consol. Mines
0025
Demonstrations
10
I. X. Ini
43
Ipo Gold
16)
Itogons Mining
24
Manbulso Consol.
Masbates Consol
12
Mine Operations Paracale Gumaus San Mauricio Surigao Consol. Suyoc Consol.
90
241
14
Syndicate Investment United Paracales Mindanao Motherlode
FOR CHINA
LONDON, "Aug. 4 (Reuter)-TA< Central Bank of China has given contracts to two British banknotes printers for over 1.000.000,000 notes.
די
80.49%
·2,478,000
HUGE FOREIGN ORDERS
German Shipyards Fully Occupied
Neither the exact „ total nor the BERLIN, Aug. 4 (T/Ocean)- value of the notes can be divulged, More foreign orders are to-day Four hundred extra hands have placed with German shipbuilding been engaged to cope with one of yards than with those of any other the contracts, which will take a country, according to information
The received here on Thursday.” further year to complete.
other contract has already been The German yards, it is stated, completed.
{are now carrying out more than The original plates will be kept three timea
25
many foreign in Britain and the notes sent to orders as the British yards which China by various routes.
formerly took first place this respect.
LONDON STOCK
EXCHANGE
1L
in
Two hundred and sighty three ships totalling 925,989 tone are now (under building in Cermany, of which | dfty-five with 396,110 tons are of foreign order. Carrying out of
Rally In Gilt Edged the present buliding contracts will,
Securities
it is added, suffice to keep the German yards fully occupied for LONDON, Aug. 4 (Reuter)-On | the next two and a half years.
the "Stock Exchange, the most
cheering
feature of yesterday's
market was the late rally in gilt-
032 edged securities, while Home CONSIGNEES' NOTICES
431 084
HONGKONG
SHAREBROKERS
ASSOCIATION
Volume of Business Transacted on Friday, Aug. 4, 1939.
H.K. Trams
1,000 $16.70 Green Island Cements 500 12.25 5.00 H.K. Hotels China Providents................. 500 4.15 Bib Wedge
3,000 0.22 ct.vs. LONDON METALS
20
EXCHANGE London, Aug. 3' (Reuter).
COPPER
buyers sellers
44-11/16
$5,000,000
£1,900,000
£1,000,000
$1,252,770
Standard, Cash 44-5/8 Standard,
Koxia Trengganu Madr
3 months 44-3/4. Electrolytic 50
44-13/18 51
New York
Pasang
Kangoon
Kota Bharu
Shanbal
Kunta Lipin
Binala
Kala Lumpur "Singapore
TIN Standard, Cash 229-7/8 Standard,
230
3 months 225-1/4
LEAD
Foreign,
Kuantan Kandy Ким
Mgapore
Sangot ourabaya.
Bangkok
Ipoh.
Botilay
Jauna
Saigon Świłow
"BAL Yram. Bydney
Calostia Colombo
Hew York
Seattle
Semarang Shangtal
Delhi Galle Hongkong How
Paris
Palplar
Vancouver
HONG KONG BRANCH:
Every description of Banking and Exchange
transsoted...
Every description of Barking and Exchange business transacted. Loans bad
Travellers Chequas laburd,
granted on approved securities.
Current Accounts opened in Local TRUSTER AND EXECUTORSHIP
Currency and Fixed Deposits re-
UNDERTAKEN
caived for one year of shorter rey 3 FITED DEPOSITS rokred in Loeni GUEREST LOGOCSTS opened in Local Car. periods in Local and Foreign Car Chargy, STERLING U.S, DOLLARS on terms rencies on terms which will be that may be ascertained on application. quoted on application,
SAFE DEPOSIT BOXES TO LIT. “
KAN TONG PO,
Chief Manager.
BANK OF CHINA
Bpecially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
D. BENSON.
Manager
„U.S.-SOVIET TRADE PACT ·
NEW YORK, Aug. 4- (Reuter)~ The Trade Agréèment with the Soviet which is due to expire on Ang. 8, w be renewed for year, it is générally anticipated.. An announcement in this con- nexion is expected very shortly. PAID-UP CAPITAL. $40,000,0OEL DE
(BRANCHES ALL OVER CHINA) The treaty will be much in the Owing to our numerous Branches same form as at present, retain in China and connection in the tag for the most part the-rost principal Commercial Centres of favoured nation treatment for the World, we are able to extend Russian products, but limiting the to our Clients special facilities for coal Imports to 400,000 tons Domestic and Foreign Banking and Exchange,
Head Office:-SHANGHAI
Hong Kong Branch:
4, QUEEN'S ROAD, O.
South China Offices -
KONGMOON
Rails also improved on the hopes,
of a peaceful settlement of the wages dispute
Elsewhere most
were groups easter, owing to the absence of internationals, buying, except which was in strong sympathy with Wall Street,"
Yesterday's Bank of England returns revealed that notes in circulation were at a new high record of £520.6 million.
Among the commodities, wheat was easier on reports of cooler Weather in the United States spring wheat belt.
COMPAGNIE DES MESSAGERIES MARITIMES
UONSIONER MOTIUE,
8.S. "MIN" 9A0/39.
BRINGING CARGO FROM DUNKIRK via HAIPHONG etc.
ARVED BONG KONG on THURSDAY, THx SED AUG., 1935.
Copper was strong on trade buy-ONSIGNEES are hereby informed ing and Wall Street was firm,
MEXICAN OIL DISPUTE
Government Terms To Companies
that their goods with the exception of Opinm, Treasure and Valuables are | being landed & stored into the godowną of the Hong Kong Kowloon Whaf and Godown Co., Ltd, Kowloon,- whence delivery may be obtained immediately after landing.
All Claims must be sent în to the on or before the 12th Aug,, 1939, or they will not be recognized.
Damaged Fackages will be exaznined by the Company's Burveyors, Mesura- Goddard & Douglas in the presence of the Consignees at 10.00 am on Wednesday, the 9th Aug,, 1989,
WASHINGTON, Aag, à (Reütér) The Mexican Government's latest all proposals were submitted to Mr. Richbers, the oil companies 225-1/2 delegate. The terms have not been
published, but Mexico Es' reported No Fire Insurance will be effected by
Oficial Price 15-11/16. 15-3/4 Foreign, Official
3 months 15-9/18 15-5/8
SPELTER
Ordinary,
Official Price '14-1/2. Ordinary, Offcial
Consignees must have a Bevané officer in attendance when any dufiable goods are examined by the Company's Surveyork
to have offered the oil companies us în say thou whatever..
.
a minority representation on a board of the revised organization Hong Kong, 3rd Aug., 1936.
that would replace the Government monopoly.
The oil companies, it is reposted,
B. CHL
Agent.
[596
will be permitted to handle all ex- SERVICES CONTEROTIKLA DES ports, while the Mexican Govern-
14-9/16ment will faintain control of the
domestic situation:
3 months 14-11/18 14-13/16
Final Afternoon Transactions Tin, Standard, Cash, £230 paid and sellers.
Tin Standard, 3 months, 2225- 1/2 paid and buyers.
BANK OF FRANCE
GOLD PARIS, August 3 (Reuter) The returns of the Bank of France for the week ended July 26 show gold reserves totalling 92,286,000,000 francs, of goin content of 27.5 milligrammes, indicating change as compared with the pre- ceding week
ANOTHER REBUFF
··FOR ROOSEVELT
WASHINGTON, Auk. 4 (Heu- ter)-The administration gut- ferred another rebuff yesterday when a coalition of the House
Republicans and Democrats 3808,900,948 Housing Bill by voling 190 against 170, not to consider the Bill at this session.
kffled President's "Boosevelt's
U.S. DUTY FREE QUOTAS FOR PL WASHINGTON, Aul. 4 (Reuter) The Benate has completed legislative action for a bill for readjusting economic relations with the Philippines prior to the projected Independence Bill
CONSIGNEE NOTICE.
28. “ PRESIDENT DOUMER"
··19′′A/80,-
BRINGING CARGO FROM MARSEILLES vís SAIGON, eta,
ARRIVED HONG KONG 057. WEDNESDAY, the twò AUG., 1929
that their goods with the exception YONSIGNEES Are mereby informed
of Opium, Tressure and Valuables arë being landed & stored into the Godowns of the Hong Kong Howloon Whart & Godown Co., Ltd, Kowloon, whimce delivery may be obtained immediately after landing.
All claims must be sent in to us on or before the 19th Aug, 1929, or they will not be recognised...
A sum of $20,000 was personally
Dam zed Packages will be gramined contributed to the Chinese Govern- The total note circulation is
by the Company's. Burveyor, Kedam. ment when Mr. Nee Kwang-ku, given as 123,239,0000,000 frazies,
Goddard Donglar in the presence of Chairman of the Chinese General showing an increase of 756,000,000
the Consignees at 10,00 m, a Tues- Chamber of Commerce in Biam, francs, as compared with the week
day, the 8th Aug, 1939 callen upon General Chiang Kai- | erided. July 19,-
Consignees must have a Bevenma Officer in attendance when any dutisble shek in Chungking on July 26. Mr. TOISHAN
Nee paid his respects to Ceneral KINGOHOW
There has been a heavy demand
Surveyore
No Fire insurance will be effected by We also handle the isque of Bonds Chiang on behalf of members of for Wei Wah certificates issued by
goods as examined by the Company's and other Pablo Funds of the the Chamber of Commerce. He the Joint Control Board of the Chinese Government both at Homellett Chungking later for a tour of Native Bankers Association against it establishes duty free quota us in soy case whatever.
ROHL Philippine cocdanut all Inspection of the south-west, to mortgages, and in view of this, the and Abroad.
SHOU 3. CHEN, study economic and industrial hypothesized face value of C$10 embroidery, tobacco and pearl but Bong Kong, Ind Ang., 1983)
000,000 is expected to be exceeded tons between now and 1946. Manager development,
CANTON SWATOW-- SEIUCHOW
via SHANGHAI, KOBE, YOKOHAMA and HONOLULU 8.S. "PRESIDENT TAFT" SS. "PRESIDENT CLEVELAND" 88,"PRESIDENT PIERCE ' B.S.FRESIDENT COOLIDGE " 8.S." PRESIDENT TAFT "
8.8. PRESIDENT ÜLEVELAND "
H
AM Aug. 26th at 8,00 AM Sept 9th at 400 P.M."- Sept. 23rd at 9.00 à M. Oct. 7th at 8.00 A.M.
Oct. 21st at 8:00 AM
AND FORTNIGHTLY THEREAFTER · FOR NEW YORK & BOSTON via Susz
8.8. " PRESIDENT VAN BUREN" Salle Ang. 17th at 12 Noon: S.S." PRESIDENT HARRISON “
Sept. 1st ut 12 NOON
44
AND FORTNIGHTLY THERMAS?
FOR
MANILA
S.S." PRESIDENT CLEVELAND * Sails Aug. 19th at 9.00 A.M. 8.8. PRESIDENT HARRISON" H Sept. 1st at 12. Noo B.S." PRESIDENT PIERCE*
8.E. * PRESIDENT COOLIDGE”
Sept. 3rd at 2.00 AM.
Sept. 16th at 1.00 A.M.
AMERICAN PRESIDENT LINES
"ROUND-WORLD SERVICE”
12 PEDDER ST.
Triestina
Lloyd
J
TEL. 28171.
FORTNIGHTLY
EXPRESS SERVICE
FAR EAST-INDIA-TALY
Hongkong-London 23 days Hongkong-Italy 21 days
SCHEDULE OF SAILING FRØM HONGKONG TO MANILA, SINGAPORE, COLOMBO, BOMBAY, EGYPT & ITALY
.m.v. "VICTORIA” 19th Aug. * "GIULIO CESARE 1st Sept. RA. “C. BIANCAMANO 18th Sept. 11. “CONTE VERDE 29th Sept. m.v. "VICTORIA”. 14th Oct..
TO SHANGHAI
m.v. "VICTORIA”
5th Aug. &s. "GIULIO CESARE” 25th Aug. 1.8. “C. BIANCAMANO" 10th Sept. 25. “CONTE VERDE“ 22nd Sept: ALT. "VICTORIA”
LLOYD TRIESTINO
PO Box 148. Tel. Address "Lloydiano”—Telephones
་
7th Oct.
32989 Passenger 32983 Freight
THE BEN LINE STEAMERS, LTD.
S.S. "BENRINNES"
Sailing for LONDON, ROTTERDAM, ANTWERP, HAMBURG" and LETTH on or about the 6th August, 1989.
"Cargo will also be accepted on through Bill of Lading to the usual transhipment ports.
For Freight and l'anage apply
to the Agents:
W. R. LOXLEY & CO.,
Tai 54105
HINA) LTD.
MAERSK LINE
Fortnightly Express Sailings
LUNG, SHANGHAI ADE JAPAN
LOS ANGELES, PANAMA, NEW YORK, BOSTON, -PHILADELPHIA, BALTIMORE,
NORFOLK & SAVANNAH
Through Ba/L are issued to Central auf Bouth America, Únit and Caribbean Sea Ports and West African Ports Arrivals from USAN
Sailings to UB.A.
Mth Aug 29th Aug.
KEY HOLDA MAERSK”
MIT “MARCHEN MALEST
MV "LEXA MAERSK **
M.V, ”ANNA MAERSK”
(All dates are subject to alteration wi
11th Aug.
Sept
́EXUELLENT ACCOMMODATION FOR PASSENGERS
Carbon
1594
AT MODERATE PATE
For Freight :
and Fa
JEBSEN & CO.
Agente
Tel 10918 Swatow Agents, GEBR ROESE
Hong Kong, Pedder Building
Tel: 1689.