THE CHARTERED BANK OP INDIA, AUSTRALIA CHINA.
Incorporated by Itoyal Charter 1833 HEAD OFFICE:—LONDON. 19 intuspsgate, 8.0.3.
Paid-up Capital
£3,000,000
BANKS
The P. & O. Banking Corporation, Ltd. (Incorporated in England, 1920).
$3,000,000 Reserve Liability of Proprietors £3,000,000 Authorised Capital
......... £3,000,000 | Subscribed mid Paid-up ............. #2,304,100| Reserve Fund
Reserve Fund.......
£ 100,000 MANCHESTER BRANCH:
Mosley St, Manchester,
READ OFFICE: 117-122, Leadenhall Street, London, E.CJ, WEST END BRANCH: 14-10, Cockspur Street, London, B.W.1. .DLLANCHES-Bombay, Calculia, Call-
AGENCIES AND BRANCHES:
Alor Star
Amritsar.
Ilangkok Jintavin
Iph 1101
Saigon
Bombny
Calculin Chato
Karachi Klank Корбут Juala
Semarang Seremban Shanghal Singapore Sitiawan Sourabaya Talplug Tientsin
Tongkat
Bestan
(het)
New York
Petping
Tringto Yakobaina Zamboang
Cawnpore
Cebu
Bumpor. Kuchin Madras Manito
Colombo
Delhi
Flatphong Hamburg
Hankow
Harbla
Feke
Penarol Itangom
Foreign Exchange and General Bank- in businen transacted.
Current Aceminis opened and Fixed Deposits received for one year or shorter perios at rates which will be quotett 031 application.
The Bank's tead Ofier London undertakes Executor Trustee bosinec and claim recovery at British Income Tax overpakt. on termin which may kay Ascertained at any of a Astmelés & Branches.
THE MERCANTILE BANK OF INDIA, LIMITED.
Head Office:-15, Gracechurch Street, Londen, E.CJ,
£3,000
Authuried Capital
Subscribed Capital
Paid-up Capital
Herve Fund art ent
BANKERS:
Colmbatore Calombo, Hongkong, cut, Madras, Shaoghal, Singapare.
Agencies:-In all the principal towns of the world,
General Exebange and Banking bual- Lean and overdrafta nesa frananeted,
Current granted on approved security. and Fixed Deposit accounts opened.
SAVINGS ACCOUNTS IN LOCAL CUN-
at 20 HENCY-Interest allowed
per
DONATTA,
STERLING SAVINGS ACCOUNTS: Interest allowed at rates which may be obtained on application.
THE HONGKONG
TELEGRAPH.
HONGKONG AND SHANGHAI BANKING CORPORATION.
$50,000,000
Authorised Copliai ............. Dwued and Fully Pald-Up .... $20,000,000
Reserve Funds:-
Sterling
£ 0,500,000 Hongkong Currency Reservo $10,000,000 Reserve Liability of Proprietors $20,000,000 HEAD OFFICE:—HONGKONG, BOARD OF DIRECTORS;—
G. Mokin, E..
Chairman.
Hon. Mr. M. T. Johnson, Deputy Chairoron,
J
J. K. Nousfield, Esq. K. S. Morrison, Esq.
Hon. Mr. J. J. Paternod T. E. Penres, Esq.
A. I. Complen, Esq. S. H. Dodwell, Esq. J. R. Masson, Esq.
A. L. Stilelds, Esq. Sir Vandeleur M. Grayburn. CHIEF MANAGER. BRANCHES-
AMOY
BANGKOK "
BATAVIA
HOMBAY
CALCUTTA
CANTON CHEFOO COLOMBO DAIREN FOOCHOW
PAS-IPRUNG
TRAVELLERS LETTERS OF CHROIT. TUAVELLERS' CHEQUES AND SENGER LETTERS OF CREDIT (for use Steamers ang). on board 4. & 19. anul 21.
at Parts of Call) are found at current Tale of exchange and free of coralssion. EXPRESS TRAVELLERS' AMERICAN
THEQUES rold and rashed.
British Inconte Tax Recovered. Executorships, stul Trusteeships under-
W. J. WADDINGTON,
taken,
*Slanager.
Hongkong: 3rd Apr, 1987.
THE BANK OF EAST ASIA. LIMITED.
1,039.0GHT 1.241.8089
Autharked Capital
The Bank of England & Midland
Bank, Ltd.
BRANCHES:-
Hannkok
Speak
Bombay Calcutta Colonia
12+121
Galle
Hongkong
Howrah
Every
Kuantan
Kandy
Korechi
Kota Shari
Madras New York
Petiang
Start
Shanghai
Kuala Lipis
Sunda
Kain Laitapur Singapo
Kunia Trengganu.
IRINGKONG BRANCHL.
description of Banking and
Exchange Besiness transacted.
TRUSTER AND EXECUTORSHIP'
UNDERTAKEN.
interrat allowed on Current Accounts and Fixed Deposits of Ratea that nag te ascertained an application.
Pull-up Caphat
Rearve and Undivided
Jan
$10.000 600.50
$ 5,500,000.00
$2,776,728:36
HEAD OFFICE-HONGKONG 20, Den Vorax Rond, Central. BOARD OF DIRECTORS:~ Sir Shnson Chase, Chalisan.
La Koom Chun, E4.
P. K. Kwok, Baq.
Wong Yun Tong, You
Pum: 19tut Wah. Deg.
Wont Chu Son, E.
Chan Chung Shek. Eg Kan Ying Po.-ENG. KAN TONG PO, Esq., Chlef Manager.
LI THE FOND, Esp, Stanager. BRANCHES AND AGENCIES:-
Amoy
Melbourne
Nagasakl
New York Osalu
Pet F'era
Flat
Shanghal
Storapare
Sourabaya,
Swalow
Sydney
Tikku
HAMBURG HANKOW HARBIN JONGKEW II.OILO
JOHORE KON
KOWLOON KUALA LUMPUR
LONDON LYONS
MALACCA
MANILA
MUAR (JONORE) MUKDEN
NEW YORK
PEIFING
PENANG
ILANGOON SAIGON
SAN FRANCISCO SHANGHAY SINGAPORE
SOURABAYA
SUNGEI PATANI TIENTSIN
TOKYO
TSINGTAO YOKOHAMA
Current Accounts opened in Local Cur- enes and Fixed Deposits received for enge year or shorter, periods in Lochi Porrevey and Sterlag o Leena (will be quoted an applications.
As up to date SAFE DEPOSIT
BOXES in various sizes TO LET.
Hongkong, in May: 1987.
which
HONGKONG SAVINGS BANK.
The Daziness of the above Bank la condueled by the Hongkong and Shang- Har Hanklang Corporation. Rules may be oblained on app)ention, FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hongkong, 18th May, 1937.
THE YOKOJAMA SPECIE BANK. LIMITED.
V.160,000,00
Capital culty pold-up) Reserve Futil. Y,134,400,000
BEAD OFFICE:-YOKORAMA. Branches and Agencies at
Alexandria
Batavia
Talombay Cakrutia Canton
Haiplung Marikaw termsulus
Tento
Tekyo
Managri.
от Kowbon
Sabooh
Sau Prape
Vancouver Yokoln
Seattle
Hangkok Balavin Berlin Hewabay Cidentia Conton Dairen
Manila
Semaran
(Only} Fenstien.
(Mukden)
Hamburk Bukow
D. BENSON,
EXCHANGE RATES
Paris....
Jan. 3.
147.10-
21.02%
Every description of Banking and Ex- chate busineki transaeter,
ed on approved securities.
Penc
Lacans prank.
Current Acrotints opened in Local Cur- and Fixed Deposts reerived for one year or shorter periods in 1.ucal and Fareign Currencies en terms which will
be quoted on application.
Safe Deposit Boxes To Eart
KAN TONG PO,
Manager.
Noni
1240 .57436
Jan. 4. 147.9/61 21,615 12.42
951
22.40
22.40
19.40
19.40
19.00
19.90 Mindrid.
Nom.
39016
220%
226 Lisbon
110
110%
1/2 A
112 Hongkong
173.
New York,
.5.0012
5,001 - Bombay.
1/6
2614
.8.98% 1432
154 Yokobaraa.
1/2
Geneva..
Berlin.
Athens. Milan
Copenhagen
Stockholm Oslu
Helsingfors.
Shanghat
Vienna.... Amsterdam Prague,
BOOKING
at the
5.01
29.492
Harbin
Monterrü
Hongkon
Fisting
Karachi
Kobe
London Las Atwteles Manila
Muji Nagasaki Naoya New York
Xari
ka
Petpang
Kanton
itio de Janeiro Se Frameisen Seattle
Semarang Ishanghai
Singapore Sourabaya Sydney Tientsin
Transto Tokyo Yingkow
Interest allowed on Current Accounts, Deposits received for fixed periods a rates to be oblained on application.
Y. KANO,
Manacer. Hongkong, 11th September, 1937.
liebaude Afontevideo.
210 253,
1/3 Rio de Janeirn....17/32 1/6% Silver (Spot). .10% 5.0075 | Silver (forward), IDA 29,482 War Loan...... 1197
1/21
WEDNESDAY,
SHARE PRICES
The following is the list of local ahare quotations Issued this morning.
Barskom
11.K. Banks, $1,478 b. H.K. Banks (Lon. Reg.), £00 b. Chartered Bank. £12 n.
Mercantile Bank, A, and B. £32
The
Mercantile Bank, C., £15 n. East Asia Bank, $80 n.
Insurances Cunton Ing., $270 n. Union In.. 510 b. ond sa. China Underwriters, $1.50 n. H.K. Fire In., $235 n.
Shipping.
Douglas, $30 b. H.K. Steamboats, 58,20 b. Indo-Chinas (Prof.), $51 n. Indo-Camas (Def.), $43 n. Shell Bearer, 08/14 n. Union Waterboats, $0.30 n.
Docks etc.
H.K. & W. Wharves, $112 b.. ILK. & W. Docks, $28 n. Providents (old), $2 b. Providents (new), 15 cts. b. New Engineerings. Sh Shanghai Docks, Sh.- Kullan Mining Adm. 10/4 #1. Raubs, $74.
Venz: Goldfield, 35 n. Hongkong Mines 13 cts, s.
Philopine Mining Antamok, P. 50 n. Ex. Div. Atoks, P. 17 n.
Bagulu Gold, P. 19 n. Benguet Consol, 0.20 n.
Benguet Explor, P.
Big Wedge. P.
Coco Grove, P. 45 n.
Consolidated Mines, P. 912 11. Demonstrations. P. 35 n.
E. Mindanao, P.
Gumaus Gäcids, P. -
Ino
po Gold, P.
ÍXL. P. 59 n. Ex. Div.
Hogons. P.
Masbate Consols,, P. —.
Min. Resources, P. ---- Northern Mitt., P. —
Parnente Gumaus, P. 10% n.
Salucot Mining, P.--- San Mauricio, P. 48 n. Surve Compot., 16% n. United Paracales, P. 44 n.
Lands, Hotels, ete,
IL and S. Hotels, $5,15 b. II.K. Lands, $31 b.
H.K. Lands, 45% Deben, $100 n. S'hai Lands, Sh. - Metropolitan Lands, Sh. - Trophies, $8.10 b. and sa, II.K. Realties, $434 8. Chinese Estates, $80 n. China Realics, Sh. - China Debent, --
Pabllo Utilities
H.K. Tramways, $1344 b.
Peak Trams (old), $7
n.
Peak Trains (new), $3%1⁄2 5. Star Ferries, $78% b.
Yaumati Ferries (old), $24 n.
Clino Light (old), $10.25 b.
China Light (new), $7 b.
JANUARY 5, 1938.
NEW YORK STOCK EXCHANGE
SWAN, CULBERTSON & FRITZ LATEST REPORTS
New York, Jan. 4. S. C. & F. Dow Jones Summary of yesterday's markets:
nounced
Gains to-day ranged to above points and the undertone appeared to be stront, although dealings failed to expand, with traders awalling the Budget message. The Dollar streng- thened abroad, ufter early weakness. Hudson Motor Company ไทย on- new low-priced car. Bethlehem Steel gained, an the Com- pany is expected to receive a large int the
Government's ship-building contracts. Other pleels advanced, ranging above 4 points. Motors were strong. Coppers were in demand. Aviation shares advanced. Trading. on the whole, was dull, nithough there was
a brief period of activity in the final hour.
Bonds were irregular, but quiet, with Government issues irregularly lower. Curb sleeks were higher,
5. C. & F. New York correspondent cables:
Stocks: The market is making en Impressive recovers,
as sentiment further improves and we expect n advance, at least for the time being. Business failures for the week were 240. Bank deposits for the week totalled $14,431,000,000;
Colion: Belated reflection gives a favourable interpretation to the Pre- sident's message and a recurrence of inflationary Implications, The Trade were good buyers, but contracts were not plentiful. Extreme pessimism is now apparently on the wane,
Wheat! With Winnipeg 32 points over Chicago, Argentine offerings light, and the Buoyancy of other markets, prices heré advancerl easily. Exports today are estimated at 1,750,000 bushels.
Corn: There has been a goud eash demand. Exports to-day totalled 1,000,000 bushels,
Rubber: London was an aggressive buyer, but some hedge-selling by
when
one
thing leads to another
$!
THE REASON IS
ANCHOR
A Programme Of Popular Records
on
COLUMBIA AND PATHE dealers and expectation of shipments | BC20045-You can't run away from love restrained the advance.
Sugor: The market is quiet and steady.
Wall Street Journal
comment:
nunst
morning
The "Journal"
some says that investors are buying aviation shares for a long pull, believing that these companies will
the face prosperous year history.
There has been some switching! from United States Steel and other strel shares Into Bethlehem Strel Issues, largely due to the ship building and armament background. Traders are of the opinion that the 'motor industry has not yet seen its worst anti that it will be some months before there is any definite turn for the better.
Song of the Marines, BC200-16-I know now
Dick Powell,
......Dick Powell,
.James Melton.
Grace Moore.
Cause my bagy says it's so. (The singing, Marine), BC20039-September in the rain
Melody for two, DC15000--One fine day
Love me forever, C8005-Bolero
Entrance of the little fans.
C3003-Libestraum
Nocturne. (Chopin). C5031-Pirates of Penzance C$025-Poet and Peasant
C165-Vieni Vieni ..
O Corso Ile D'amour.
C245-Darling Je vous aime beatenup
For me for you.
Jack Paynes Orch.
.Marechal Cello.
Columbia light opera comp. Percy. Pitt and sym. orch. Tino Rossi.
...thildegarde...
THE ANDERson music CO., LTD.
Dow Jones averages Jan. 3 30 Industrials
Close
120.57
124.61
1K. Electric, $51 b.
20 Rails
29.95
29.50
Macao Electric, 10
b.
20 Uulilies
20.46
20.01
Sandalian Lights, $14
n.
40 Bonds
92.50
02.31
Telephone (old), 52414 h.
11 Commodity Index
52.01
52.01
210
2,17/32
19%%%
Telephone (new), $014 b. China Buses, Sh.- Singapore Tractions, 23/9 n. Singapore Pref., 23/- n.
U.S.
OUR
BRITISH CROSSWORDS
1972 -British Wireless,
TELEPHONE Nos.
2 5 3 1 3.
253 32.
Industriais
Cald: Mack. (old), Sh. —. Cald: Marg. (Prof.), Sh.-- Canton lecs, $1.70 n.
Cement.. $12.70.su.
H.K. Ropes, $3.75 n.
Stores, &c.
Dairy Farm, $234 b. Watsons, $4.00 b.
Lane Crawfords, $8.00 n. Sinceres, $1.75 n.
Wing On (11.K.), $40 n. Win. Powells, 75 cts. 1.
Cotton Milis
COMMODITY PRICES
LATEST CABLED
QUOTATIONS
New York, Dec. 4.
The following quotations on the New York coinmodily exchange are Issued by Reuter:
New York Cotion
10
PHONE 21322
10
11
113
16
ICE HOUSE STREET
14
THEATRE
KING'S
COMMENCING
TO-MORROW
A NIGHT OF ADVENTURE YOU'LL REMEMBER FOR YEARS!
THE
AND THE
Prince Pauper
At last, it's on the screent The best-loved story of America's best-loved au- thorl The swashbuckling tale of three pala-a boy. king, a boy-beggar and w devil-may-care soldier- who amazed the world with the bravest dende that over ved nation!
SEE the pomp of England's coronation .......just as the Landen crave now hi
MARK TWAIN'S
ERROL FLYNN CLAUDE RAINS HENRY STEPHENSON BARTON MELAND MAUCH TWINS
BILLY A BOBBY
Der Kompas formed to WOSEAM.
SIE Enrol on a dashing ad- wanturer who fights for love.... of fighting!
ALSO LATEST COLOURED CARTOON
PM
A BIG SHOT NOW
Wing On Textiles, Sh.
MiscellaneoUN
January
0.24/21 8.20/29
March
8.28/28
8.30/38
Ewo Cottons Sh. $12 n. S'hal Collons (old), Sh. $55 n. Zoong Sings, Sh.-
May
8.33/24
8.15/45
July
8.39/30
2.52/52
October
R.40/45
8.58/50
December
8.52/52
8 02/02
Spot
8.46
New York Rubber
March
14.26 /20 - 14.35/36
23
124
14.46/47
14.57/57
25
14,671
14.42N
127
II.K. Entertainments, $5.25 b. Constructions (old). $14 b. Constructions (new), $1 b. Vibro Piling, $6 n.
Ch. Govt. 547 1915 G5Bds. 74% 1. H.K. Govt. 44% Loun 5% prm. n. 1.K. Govt. 3 Loan 14% prin.
b.
Wallace Harpers, $3% b.
May
July
September
December
14.38 734
14.43/45-
11.52b/5a
Sales for the day:-3,040 tons.
Morsmans Ins. (Lon.), s/ 17/6 n. alay Marsmans Inv. (H.K.), 5/- 4/0 n. July
EXCHANGE
T.T, London Deinand
T.T. Shanghat T.T. Singapore T.T. Japan T.T. India TT. USA. İTİT. Manila
TT Batavia T.T. Bangkok TT. Saigon
Chicago Wheat
9236/0014 93%/9374 87 /8724 8756/0714
ACROSS 7 Without courage (15).
14,237,000 bushels. Chicago Corn
0176/02% 0213/025% ... 01/01 014/01-34
Winnipeg Wheat
B Send round a gratuity to make 1234/125 1254 Bid up the salary (7).
110 Bid 10 English town that suggests a
commolsseur's verdict
the ports (7). 11 Famous engraver artist of old
Saturday's Sales:-
May
July
Selling
18. 27
May
1s, 27% July
1044
-5234
.100
.82
.3012
013%
T.T. France T.T. Germany T.T. Switzerland T.T. Australia
Buying
4 m/s L/C London
4 m/s D/ dio.
4 m/s L/c. U.S.A.
4 m/s France
30 3/8 India
U.S. Cross rate in London
MANILA SHARES
The following business done quota- .55% tions were received after the close of 149
On
12 The miraculous food might
have come
from this part of Asia (0),
the morning session by Swan, Cul-14 This old wallet is now a paper
of value (5).
.90% bertson & Fritz from their Mania)15 A key to knowledge in the
0.10 office:
.70%
.133
1/8
Antaniok
Atok,
Bagulo Gold
Benguet Consolidated
Coco Crve
.1/3 Consolidated Mines
Demonstration
1/3.5/32
.31% Paracala Gumaus
.0.05 San Mauricio
.83 .5.00
Suyo ......
United Parocale
Business Done
USA? (4).
Prices in Pesos,18 Bird popular with children
.00
.10
.in
9.20
40%
.0120
351
13
.40
the earth o'erwhelmi men's eyes" ("Hamlet") (4), 119 This may have enused
death of many a cowboy, either way (4).
117 deeds will rise, though all
them to
the
.In
The tone of the market:-Quiet.
CORNS?
Bolter
because it's liquid.
stop that pain
instantly with
GETS-IT
the infalible
corn ciro.
21 Vegetable (6).
22 Thou art not for the fashion of these where none will swent but for promotion" ("As You Like (1") (5),
23 The
favourite food of five down? (3).
25 It doesn't sound as if orto
should trust this feline (7).
20 Two animals make a mineral
(7).
27 An Association which new- coinera to a place like to meet (two words-8, 7).
DOWN
1 English county that would please "Varsity very stables (10).
2 Show (7).
3 Part of England'or an English-
man (0)
רים
120
4 "Reams" (anag.) (5).
5 One of the seven ages of man
(7).
6 Naval officers (15).
A great man on the Continent (4).
10 To-day is this day (4).
13 This English novelist could have earned a living otherwise with his hands apparently, (5), 14 This kind of "elevator" 19
singularly rare (5).
17 They are more likely to over-
see than to overlook, (7).
18 She would still have been hale
upset (4).
19 Kind of dog that would not need much alteration for the show (4).
20 This would not be suitable for
a fencer to use, surely (7). 23 Sweetment of sorts (0), [24 Tweedledum'a favourite denial
(5).
Yesterday's Solution FORESIGHT DIGI œ|
MOLAIZODU OMAN O
TABLELANDE WALER DEUNGARKOWN IFM DTB TEMPER WINGE
HUBB8 TOWER AFT AHÄMUNTHE-DILO KUT BRIAN SHEER
LEAST EPHEMERAL IHL ALLENISES I} NAIEN GRUBS NESS) E MTỠM CHANDHERVE S-ENBERLOURIEŃ T