LA
HONGKONG DAILY PRESS
BANKS
HONGKONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION.
Authorised Capital $50,000,000
INDIA, AUSTRALIA
AND "CHINA #1
Issued & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1855 Heserys Funds:
Sterling
..$90,000,000
Paid-Up Capital
£3,000,000
£3,000,000
£6,500,000 Reserve Fund H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of
prietors Proprietors
HEAD OFFICE: LONDON: 38, Bishopagate E.C.2. Sub-Agencies In London: 117/19, Leadenhall Street, E,Q3 West End Branch: 14/16, Coekspur Street, 8:W.1. Manchester Branch:
Head Office:-HONG KONG
ነ፡
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.,..
G. Miskin, Esq.,
K. S. Morrison, Esq..
Hon. Mr. T. E. Pearce,
F. V. Wilkinson, Esq.
Sir Vandeleur M. Grayburn...
59, Mosley Street, Manchester, 2. AGENCIES "AND BRANCHES
ALOK STAN AMRITHAR
BANGKOK
ΠΑΤΑΤΙΑ
BOMBAY
CALOUTTA
KARBIN
PENANG HONG KONG MANGOON ILOILO
MAIOON
¡POR
SEREMBAN YEVGIẢI
KARACHI
ILANG
AGENCIES: KORR CLAVE STURET
KUALA
Chief Manager. FAIRLY PLACK
SINGAPORE SITIAWAN
Branches:
CANTON CAWNPORR.
LUMPOR
KUCHING
SOUZABAVA TAIPING TENTSIN
Amoy
. Ipoh
Bangkok
Johore
Batavia
Kobe
Bombay
Calcutta
Kowloos Kuala
Penang Rangoon Saigon San
CIBU COLOMBO DELMI HAIPHONO
MADRAS
TONGEAR
MANILA
WYDAN
HAMBURG
NEW YORK PEIPING
(Bhulet) THINGTAO YOKOHAMA
Francisco HANKOW
(Peking)
Canton
Lumpur Shanghai
Chefoo
#
Colambo Lyons
London Singapore Sourabaya
Foochow
Haiphong Muar
Sungei
Patani Swatow
Tientsin
Bankow Mukden
Tokyo
Farbin New York
Hongkow
Peiping
Tsingtao. Yokohama
Dairen Malace
Manila
Hamburg (Johore)
Iloilo
FOREIGN EXCHANGE and General Banking Businesa transacted.
CURRENT ACCOUNTS opened and FIXED DEPOBITS received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application."
SAVINGS ACCOUNT also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.
CULBENT
Accounts opened in LOCAL CURRENCY and Fix 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 rencies on terms which will be British Income Tax overpaid, on quoted on application.
terms which may be ascertained at ALBO up to date SAFE DEPOSIT any of the Agencies and Branches. Box in various sizes To Le
R. A. CAMIDGE, Hong Kong, 6th June, 1830. "
HONGKONG SAVINGS
BANK
The Business of the above. Bank in 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., 1930.
BANK OF EAST ASIA, LIMITED
5,592,000.00
Authorised Capital.....$10,000,000.00 | Paid-Up Capital Reserve and, Undivided
Prösts
2,883,939.01
Hand Office:-HONG KONG
No. 10 Des Voeux Road, Central,
Board of Directors:
Bir Sbouton Chow, Chairman
Li Koon Chun, Esq.
P. K. Kwok. Eaq, Wong Yun Tong, Esq. Chari Ching Ehck, Key.
Li Lan Sang, Eng. Wong Chu Sen, Esq. Kan Ying Po, Esq. Fing Ping Wah Eng.
Kan Tong Po, Esq., Chief Manager.
Li Tse Fong, Esq., Manager.
Amos
Bataviz
Robes
Branches and Agencies :—
Jalonila
Italphous
Bankow
Koba
Kowloom
London
Manager.
THE CHASE BANK
15, QUEEN'S ROAD, CENTRAL
HEAD OFFICE:
18, PINE STRIES,
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 of over U.S.$9,900,000,000,
FINANCE
Finance and Commerce
|
HOW CHINA'S LOCAL Import Duty: AUTHORITIES FIGHT JAPAN'S ECONOMIC DRIVE
Reduced In
China
"
יד
N
whe
CHUNGKING, Sept. 18 (Cen- tral)---A reduction of 68.66 per cont. on the import duties of all foreign goods other than those whose import prohibited as from July 1 fast was announced by the Nation-. al Government in a proclama- tion dated September 1, it, was revcaind here recently. The reduction took effect as from September 2 last.
CHUNGKING, Sept. 18 (CIC)-How the three major anti-Jap anese economic measures,-boycott of Japanese goods, cutting of all food supply and other raw materials and man on Japanese bogus notes-are being carried out by Chinese behind Japanese lines was told recently by Mr. Chang Nai chi, well-known Chinese scholar,
Mr. Chang's account was based is causing the Japanese no small! on his observations and "expert-worry. Rice is sold at $5 per plcul ences, as finance commissioner of at Wuwelchow while in the Jap the Anhwet Provincial Governanese-held city of Wuhu imme- ment. Measures against Japanese diately across. the Yangtze, the economic encroachment enforced in price, as the result of the Chinese Anhwei, moreover, are more or less ban, has soared as high as $20 per the same as those in other pro- pleul. This not only has serious
economic repercussions on the accordance with & proposal Dumping of Japanese goods in Japanese themselves but also in-submitted to it by the Ministry of Chinese-controlled districts behind duces Chinese to leave Japanese-Finance. It was pointed out that the Japanese lines is out of the occupied territory.
as all non-essential foreign goods question. Mr. Chang explained.
EXPORT BANNED
have been banned from import. duc to effective" Chinese boycott |
Other important Chinese pro- all foreign imports which are through the establishment of a
ducts prevented from being ex- essential to the livelihood of the province-wide network of "enemy!
pretéren ported to Japanese occupied terri- people should receive goods Inspection bureaux."
tory include cotton, wood oil, tial treatment in order to lesser
the burden of the people. bristles, and the like.
vinces.
FORGED MARKS
The Government decision was in
The main problem" that remains The attempt of the Japanese to The two-thirds reduction on im- to be solved arises from Japanese- destroy the Chinese currency by port rates, according to the pro- made merchandise bearing Chinese the issuance of bogus notes has clamation, will continue through- trademarks. The Anhwet Previn- been frustrated with the establish-out the duration of the war cial Government. Mr. Chang said.ment of a "buffer zone" in Anhwei is getting from Wuhu, Nanking. Province. A total of $10,000,000 in Shanghai and other Japanese- local notes has been issued by the occupied cities Hsts of such "mita- Anhwei Provincial Bank with the tion goods", to guide the work of authorization of the Ministry of the
"enemy goods inspection Finance. The circulation is strict- ly limited within the area where As Japanese goods are prevented the Anhwei Provincial Government
Its from coming in, so are Chinese exercises Jurisdiction. The The ban notes have no foreign exchange supplies from going out. of the export of rice particularly value.
bureaux,"
WEDNESDAY, SEPTEMBER 20, 1939. —PAGE 9
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London Sept. 18
The following 'quotations are the middle prices at the alone of the market in London. All quotations are subject to confyma- tion and no responsibility is assumed for errors in transzakemben.
&
Union Insurance ca
1808 (Brit. Issue).. Chinese 5% Gold Bonds,
1928-47
Chin 4% Anglo-French
Loan, 1908
Chinese 5% Crisp Loan,
1912 Chinese 5% Rearg. Leap.
1913 (Ldn. In) Chinese 8% Ster. Notes,
1995 (Vickers) Chin. Imperial Rly. 3%
Loan
Honan Rly. 5% Huluang Rix. 5%. 1911... Hutuäng Rly. 5%, 1911
(German Issue) Lung Tsing & U. Hai Rly.
བྱཚབས|
Distillery...
.
War Loan, "$%
after 1953) ***.. Canton-Kloon Rly. $% Chinese 4% Gold Loan
(Red
.88)
Gula Kalumpang Rubber 1978 Allied Ironfounders
16
Asso & Elec. Industries 35"** Austin Motora, ord.
18/0
Cable & Wireless, New
Form, "ord,
45
B.-A. Tob. (bearer)
77/8
Cammell Laird, ord... Mexican Eagle
6/6
4/9.
21
Courtauldia
26
80
32
Dunlop Rubber .................................. 24/6 Gen. Electric (England) a3
Guinness (A) Son & Co. 18/3
Hawker Siddeley Airo....
45
Bristol Aeroplane
10 14/7] Imperial Chemical Ind. 28/6 Imperial Tobacco
98/9
Marks & Spicer "A"ard 63/ 9.
Rolls Royce............
Leyland Motors
82/6 80
11
Tate & Lyle
58/3
Turner & Newall
76/3
United Steel '
18/9
11
Smethwick Drop Forg.... 14/6
Armstrong Stevens, ord. 5/3
11
Pressed Steel, com
15.
Vickers, ord.
15
Woolworths
52/6
Anglo-Dutch
26/3
(Ger. Stpd. Supt. Loan) 11 Jap. 5% Ster. Loan, 1907 Jap. 6% Ster. Loan, 1924 39
Rub. Plant. Invest Trust 27/6
30
Burma Corporation Commonwealth Mining..
9/3
Marsman Investments... 11/3
Randfontein Estates
35
Western Holdings
7/0
69
Sub-Nigel *****
200
71
Tanami Gold Mining........ 4fd Anglo-Iranian
66/101
Burmah
68/3
Shell Trans., &
Trad
(bearer)
58/9
5% 1913
S'hal-N'king Rly. 6%....` 12 Tientsin-Pakow RiY, 6%
(Brit. Stpd.). Tientsin-Pukow Rly. 5%
(German Stpd.) .... Tientsin-Pukow Rly. 5%
(Brit. Stpd. Supl. Loan) 11" Tientsin-Pukow Rly. 5%
der. 7% Intl Loan, 1924
·Chartered Bank
...Reg.)
BANKING HOURS EK & Shat Bank (Lan.
CHANGED
10 a.m. To 2 p.m.
བཤཌ བཌ སྐྱུ38 ཨཱུ€
HK. & 8'hai Bank (Gül, "
Reg.)
Chinese Eng. “& Mining
(bearer)
Chosen Corporation...... Pekin Syndicate
Except On Saturdays haies. Constr. Co.
HONGKONG SHARE QUOTATIONS Changes
STOCK EXCHANGE
SHAREBROKERS" ASSOCIATION
Buyuri Salters Bales YOGA TUESDAY 19.
!!!
Bersellars
LONDON, Sept. 19 (By Air Mail) In banking hours throughout the country were announced by posters displayed outside bank premises yesterday. ;
For the time being bank ofices Anomi Will be open to the public on Mondays to Fridays from 10 a.m. to 2 p.m. instead of from 9.30 am. to 3.30 p.m. On Saturdays and other $1260 normal half-days the hours will be 10 am to 1p.m. instead of..9`a.m. £89
to 12 p.m.
£71
SEPT.
Banks
$1926 F.. Banks £71
Do. (Col. Bag.) ... Do. (Lon. Bag.)
E0Chartered Banks .....
29t
Mercantile Bks. “A”
23T
£12
Marcantile Bka, ""
£34
£11
873
Bank of East Asia
$72
N. C, & 6. Baske
-
160
ate
Insurances
$200 Cantos Insurances ...
Underwriters
$185 |H.E. Firm
$385 Unico Insurances 帆
Shipping
$87
Doogle
712
Steamboate
$80
Indo-Chinse
(Prof.)
330
Indo-Chinas (Det.)...
88/9
Shall
Second Vice Prra.
D. M. BIGGAR.
THE MERCANTILE BANK OF INDIA, LIMITED
T
Head Office:-15. Gracechurch Street," London, E-C.3.
Authorised Capital abcribed Capital
Paid-ar Capital..
Reserve Yund and Best,
↓
BANKERS:
$89
$9.10 Waterbosta
Docks, Wharves,
Godowns, etc.
H.K. & K. Wharven
$4.20 Providents
Providenta (DSW) ....
$18) ·HI. & W. Docka...
Da. (new) peace
$110 Shanghai Docks 8.
T} New Engineerings 8.
Kailaca Rauds
Mining
1.
1412
These hours will be subject to revision to meet any change of
circumstances.
Banks will not in future accept
or
$190 for safe custody securities.
parcels, or boxes.
$12
1865
$165
$67
$15
$20
38/9
$8
#102
$3.90
17
#108
$1,000,000
ET,,COG
$8.30
£1,050,000
21,359,770
16/3
$8.70
Venezuela Gold Fida
$8,70 $4
10
|6à ctu.
Hong Kong Minas ...
Buildings
$480 H.K: Hotels
$4.80
339 H.K. Landi
$321
par
Do. 4% Debentures 12
$100
$4.30 $7.90
$19
$110
$40
$00
$151
$7.40
$3.70-
$60
The Bank of England and Midland
Bank, Ltd. BRANCHES:
15
Mingapore
Bascoon Balzon
Bourabaya
Bangkok
Spot
Swałów Sydney. di Tictain
Bombay
Jadua
Kal Trengganu Madra
Calcutta
Kustan
New York
Colomhn
Kandy
reanne
Delhi Gule "Hongkong Howrah
Kashi
Ranzoo
Kota Bharu
Shanghai
Kuala Lipis
Sma
Malbourne San Fran. Tapunka
New York Seattle Vancouver
Paplog
Semarang Thanghai
Every description of Banking and Exchange business transacted, Lana granted on approved mourities.
que Lampre Alagaporn
HONG KONG BRANCH:
business transacted.
Every description at Banking and Exchange Travellers Cheque sed
Current Accounts opened in Local | TRUSTEE AND EXECUTORSHIP Currency and Fixed Deposits re-
UNDERTAKEN
ceived for one year or shorter CURRENT ACCOUNTS opened in Local- Curs periods in Local and Foreign Currency and FIXED REPOSTER resized in Local CarTERCY, STERLING & 1.8, DOLLARS oo.comTM rencies on terms which will be that may be scertained on application. quoted on application.
SAFE DEPOSIT BOXES TO LET
3
KAN TONG PO
Chief Manager.
BANK OF CHINA
D. BENSON.
MARKET
ITALY BUYING WELSH COAL
LONDON, Sept. 19 (Reuter)— Three cargoes of coal are being loaded on Italian ships in Welsh ports, while six other itallan ships are on their way to Wales for a similar purpose."
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
'BANE ̧ ....... PAID-UP CAPITAL $40,000,000.00
Italy needs about 12,000,000 tons (BRANCHES ALL OVER CHINA)
of coal a year, and gets most of it Owing to our numerous Branches: in China and connections in the from Continental countries. Sup principal Commercial Centres of plies have now been restricted by the World, we are able to extend the war and she is accordingly
o our Clients special facilities for purchasing her coal from England. Domestic and Foreign Banking and Exchange.
Head Office:-SHANGHAI
Hong Kong Branch:
4." QUEEN'S ROAD, O.
U.S. — MEXICAN
OIL DISPUTE
11:11:11
Lands, Hotels and
$7.90 Bbangbei Lande 8.
$44 E.K. Rosition
$71 Humphreys an #98 Chinese Estates
Cotton Mills
Ewa (8.) omta B'hai Cotions (8.) Zoong Sings (8.) Wing On Textiles (8.)
Public Utilities
$16) Tramway
$7.40 Peak Trams (old)...
$3.70 Peak Trama (new) ...
361 出
$7.90
Da Lumiuimman
Bar Ferri
I'meti Ferries
Do. (new)
Chins Lights (0)
461 China Lights (New),
$51
DIA
China Lights Rta.
R.K. Electric y
Macso Electrics
$11 Sandakan Light
$214 Talephones {old}
$7.00 Talephrines (new) 19/0 Tractions
22/0 Trections (prst.).
Industrials
Cald.; Macg. (Ord.) 8. Cald., Macg. (Pref.) 8.
$14
$13
1.
Canton Iom
$14
$4
$201
Comente
Bopene
@lacellaneous
Dairy Farm (Old),
$101 Dairy Farm (New)
$8.60 Ch. 'tainmutta
$1.55 Constructions" (old)
**
*!!!!!!!!!!!
S'hai Waterworks "A".
PRICE OF TIN CONTROLLED
* Nominal
DRAPERS WILL NOT INCREASE PRICES
19
LONDON, Sept.
LONDON, Sept. 19 (Reuter)--
(Reuter)-- The Ministry of Supply states The Drapers' Chamber of Trade that henceforth no persons shall in London decided to advise mem- be allowed to sell tin otherwise [bers that they should not In- than on the basis of a maximum crease prices for existing stocks
by more than five per cent price of £230 per long ton.
the average.
208-
01.
A small minority is in favour of
The seller may add any reason- 'able' delivery costs and the tomary extras for special shapes (there being no increase until- or for quantities less one long traders are compelled to make, ton.
jose.
Write for descriptive leaflets of the
THORNYCROFT
3-TON
'NIPPY" CHASSIS
Aptly named the 'Nippy,' for its quick get-away and high road performance, this new Thornycroft is available with 10′ 14′′ and 12′ 6 wheelbase in both normal and forward. control types, has extremely economical 60 b.h.p. engine, 7% frame, Lockheed-operated Girling brakes, and space for bodies up to 15 10 long, amongst its other fine features
A
HOR atisfaction
FOR FURTHER PARTICULARS.
APPLY TO OUR
HONG KONE OFFICE TEL:: 29353.
St. George's Bldg., 1st Floor:
$144 $4.70
$90
$19
$6.80
410 Comtrmotions {DOW)
371
Lane Crawfords
$74
Nanyang Tobacco ....
$1.80
Binderen
$1.98
$8.00
Watc
$8.60
Ch. 0.5% 19250 #Bás.
#100
$10
Stands for for
"The
SHOU J. CHEN,
The Department. of State fuses either to confirm or deny Manager, the reports.
re-
4/0TM Marumans Inv. [11.K.]
W
South China Officer:
CANTON
SWATOW
KONGMOON TOISHAN
SHIUOHOW KINOCHOW
WASHINGTON, Sept. 19(Reu- ter)-There are persistent rumours that the United States have made new proposals regarding a
the We also handle the issue of Bonds settlement of -Mexican oil and other Public Funds of the dispute. Chinees Government both at Home and Abrad.
$100 |H,X. Gơni. 4% Loans
$96
H.K. Govt. %% Lowe
$41 EX Wing On....
[15'hat Wing On"
184 Vibro Piling
11/2 Marsmans Inv.)(Lon;)
W Powells element