1931-07-18 — Page 2

BANKS

HONG KONG AND SHANGHA! BANKING CORPORATION.

$60,000,000

Autholiad Capital... ised and Fully. Pald-up........ 130,094,164 Arte Fundi 1–

Borling......

All Mavera

Hon. Mr.

1,800.000 10,000,000

City of“ Própriasom. 39./190.830 HEAD OFFICE: HONG KONG,

BOARD OF DIRECTORS.-

Elon. Mr. 0. O, B. Marka, Uraleman

Hen, Mr., J. 2. Palerata,

Deputy Chaleman.

11. Bell, 7. E. Pero, Esq.

A. 1. Oempion, Pag., J. A. I'lommer. Eaq.

Lender Towie, Zaę, T. II," R. Shaw, Zia.

13. Marido, - Eng-

AMUT

HANGKOR

BATAVIA

QUEFOO

J., Warren. Zię.

Lalaf, Manager.

1. M. Grayburn, Eng,

BRANCHES:-

LONDON

LYONU

MALACOA

BUNDAY

MANILA

JALUSTM

MUAB Johore.

CANTON

MUNDEN

NEW YORK

COLOMBO

PGIPLHO

BADBEN

ТЕНЬКО

FOTULION

HALLION

LAALUN

KANKOW HAIN

BOSUREW (WUR(A),

*PUB

AWLAMIK

ALA LUMPU

BANGOON

RAJOON

SAN FRANCI

BAÑO

BINGAPORE

· NOURADA YA SUNUEL PAtanı TIENTGIN

TOKYO

18IKOTAG YOKOHAMA

urrent Accounty opened so Local Corrediss Fixed Deposit received for one year or skurver pacioda la Lood Carents and Blarting on serial which will be quoted on mpplication. ilong Kong, sh February, 1081.

HONG KONG SAVINGS BANK,

The Bualcom of the abare Bank la conduct.

ad by the NG KUNG AND SHANGHAI BANKING CORPORATION. Bulse may be

on application. bid

FOR THE HONOKONG AND BBANOMA! BANKING CORPORATION.

V. M. GRAYSURK,

·Bong Kong, itch fuly, 1998.

Ohio. Manager.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE: 96. Boulevard Hanson, Paris.

Subscribed Capital Fra. 72,000,000.00 Paid-Up Capital Frs. 68,100,000,00 Reserve Funda... Frs. 102,000,000.00

BRANCHES: Bangkok Hong Kong Quinten

Saigon Battambang flue

Mengtzo Shanghai

Singapore Nam Dinh Namen Thanha

Tientsin

Cartha

Canton

Djibouti

Fort-Bayard Papeete

Haiphong. Peking Tourane Hankow Pnom-Renh Vịnh

Напо!

Pondichery Yunnanfu BANKERS:

IN FRANCE: Comptoir Natlosal d'Escompte de Paris; Credit Lyonnals; Banque de Paris et des Pays-Bas Credit Industrial at Commercial; So-

eve Generale.

IN LONDON: The Nationa! Provin- cias & Union Bank of England, Ltd.; Comptoir National d'Escompte de Pars; Crodit Lyonnais.

IN NEW YORK: J. P. Morgan & Co., French American Banking Cor- porazon: Guaranty Trust Co. of New York.

Interest allowed on Current Ac. counts and Fixed Deposits according

to arrangements.

Every description-of-Banking-and.

Exchange Business transacted.

Safe Deposit Boxes to let.

A. BONNAUD,

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1853, HEAD OFFICE: LONDON. Fald-up Capital

Reserve Fund

Roserve Liability of Pro-

prietora

THE HO HONG BANK, LTD.

(Established 1917.)

HEAD OFFICE:-SINGAPORE. Hong Kong Branch; 13, Queen's Rd. C. £9,000,000 Authorised Capital Straits $20,000,000!

8,000,000 .£4,000,000 Issued Capital

Paid-up Capital

4,000,000

4,000,000 2,520,000

H

.£9,000,000

Agencies and Branches:

Reserve Liabilities of Shareholders. Surplus

ALON STAR

(Many States)

AN BITHAD

НАКОБОК

BATAVIA HOMBAY

CALCUTTA CANTON CAWNFORE CELU

GOLONDO

DAIREN (Daisy

Houth Hanoi)

DELUI

"KUALA LUNIFOR

KUCHIKO

КАДЛАЕ

MANILA

MEDAN

NEW YORK.

PERING

PENANG

RANDOON

BATOON

SEMARANG

SEREMBAN

SKAKOHAT

HINGAPORE

HITIAWAN

BOURADAYA

TAVOY

ILOILO

"

TORTO

KARACHI

TONDEAU (Bhuvah)

SLANO

TRINGTAD

.

YOKOHAMA

KUALA KANGSAR

(Tarak P.M.G.)

ZAMBOANGA

HAIPHONG

FIANDURG

BANKOW

HAREK

(N. Manoharta)

HONG RONO

KOBR

TAIPING (FM0.)

TIENTSIN

(Philippina Islands)

Foreign Exchange and General Banking business transacted,

Current Accounts opened and Fix- Deposits received for 1 year or shorter periods at rates which will

quoted on application.

J. STUART,

Acting Manager. Hong Kong, 28th May, 1931.

THE NATIONAL CITY BANK

OF NEW YORK.

HEAD OFFICE: 55, Wall Street, New York.

Capital, Surplus and

Undivided Profits..U.S.$220,037,892

BELGIUM BRAZIL

CHILE

Branches.in:-

ARGENTINE

LONDON

MEXICO

PANAMA

PERU

CHINA

PHILIPPINE

COLOMBIA

ISLANDS

GUBA

PORTO RICO

DOMINICAN

STRAITS

REPUBLIC

INDIA ITALY JAPAN

URUGUAY

SETTLEMENTS

VENEZUELA

Commercial and Travellers' Letters of Credit, Travellers' Cheques, Bills

of Exchange and Cable Transfers Current accounts bought and sold.

and Savings Bank accounts opened and Fixed Deposite in local and fer- eign currencies taken at rates that may be ascertained on application to the Bank.

We are also able to offer our Cus tomers the services of the Branches of the International Banking Corpora tion in San Francisco and Spain and also of. The National City Bank of New York (France), S.A., in Paris and Nico.

F. MED. COURTNEY,

Manager. Hong Kong, June 18, 1981.

THE

AMERICAN EXPRESS COMPANY,

INC.

Head Ofee: 65, Broadway.

-New-York.

Capital

Surplus

Manager,

Hong Kong, 1st May, 1931,

Reserves

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880.

Capital (fully páld-up) Yen 100,000,000 Reserve Fund........Yon 115,000,000

Head Office:-YOKOHAMA,

Alexandria

Branches and Agencies at:

Nagasaki Nagoya Newchwang

Batavia

Berlin

Bombay

Calcatta

Canton

Changchun

New York

Osaka

Paris Peiping Rangoon Dairen (Dalny) Fengtion (Mukden) Rio de Janeiro

Hamburg

Hankow

Harbin

Hong Kong

Honolulu Kai Yuen

Karachi

Kobe

London

Los Angeles

Manila

Francisco

San Seattle Semarang Shanghai Shimonoseki

Singapore Seerabaya Sydney Tientsin Tokyo Talagtan Interest allowed on Current Ac- counts.

Deposits received for fixed periods at rates to be obtained on application.

H. MORI,

Manager.

Hong Kong, 18th July, 1881.

Branches, Agencies and Correspon- dents in the principal cities of the world.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

THE CHINA MAIL.

Commerce and Finance

SHARE MARKET. Weekly Reports by Brokers.

G. A. HARRIMAN.

Insurances:-China

Underwrit

ers have buyers at $5.45 with sell- ors at $5.50. Union Insurances can be placed at $562.50. Canton Insurances, China Fires and Hong Kong Eires are more or less neglected.

Shipping: Steamboats are want. Hong Kong, July 18. {ed at $25.50. Douglases could Every description of Banking and

Mr. G. A. Harriman's Weekly probably be placed at $28.50. Exchange business transacted.

Report and Market Review says:-Waterboats have buyers at $28.50. TAN ENG HOOI,

Mining:With the exception of We have again to record a' rather Manager.

quiet week's trading with the main Raubs which have small inquiries volume of business more or less at $34 this section is neglected. confined to a few speculative coun- Lands, Hotels and Buildings:- ters in Cements and Constructions. Fair business has been done in The former as well as the majority Hong Kong Hotela at $18.20/.30 of speculative counter auffered for the OTG shares and $15.80/85 rather a set-back, but the latter for the Now and there are further showed considerable appreciation buyers at $16.20 for Old and $15.80 Hong Kong over the week due to rumours of a for New shares. now issue at par. The Investment Lands have huyers at $19.60 with Section showed little activity, al- sellers asking 50 cents though Trams were rather sought Hong Kong Realtys, appear to be for, and a fair turnover was done in caster with sellers at $14.00 and Lands for forward deliveries.. buyers at $14.75. Humphreys buy-

Sterling counters were slightly crs $19.25 for the Old shares.

ĮNETHERLANDS TRADING SOCIETY}

BANKERS.

Estabbed 1994. Hong Kong O2-11, Qarez's Boud Central. Autosid Capital Guilde 180,800,000- (411,800,000.) Pulp Caglial, moms Guilder 50,000,00

(28,845,170)

· Massevo --Pund

Chuilders 15,010,000

Hard Ofori-AMSTERDAM" Eastern Head Ofon:-BATAVIA.

BRANOLLES- Banjarmasin, Bando Bember: Calcutta, Cheriton, Plamber, Djok jakarta, The Hagus, Joddal, Robe, Keta Badis, Makasar, Medan, Pada Palembang, - _Pakalongan, FEMAL Poatinas Baggon,

firmed on an easy exchange but only a small volume of business was done in this section. There were some wide fuctuations in

Ewos during the week, owing, to confusing and

Baratang”. Shanghai, Bibolga (Sumaira), Blampor, Sourba rather indefinite rumours regarding Boerakaria (Belo), Tegal, Titip and the northern politien! situation. Walletreder

• The scuz bay sale depus bazwy to jak Londen Bantere z-National Provincial Bank Ltd. Correspondanta už ever, the world Banking busfoms of every deafplion transealed.

A. UTORKINK,

Hos Eoug. 18th Buguai, 190.

Manager.

THE BANK OF CHINA. 行銀國中

Reorganised Oetobar 26, 1928, under special charter of The National Goy

INTERNATIONAL EXCHANGE

·ernment as an

BANK,

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH:

more.

SATURDAY, JULY 18, 1931.

Quality

Cotton Milla:-A good business has been done in Ewo Cottons the market is now easier with buy from Toels 14.20 to Taels 14.55 but I era only offering Taels 14.20 with sellers at Tacis 14.30.

Docks, Wharves and Godowns:- There are possible sellers of Kow- The market closes rather dull in Joon Wharves at $164. China Pro- most stocks, with a tendency to vidents have changed hands from easiness in nearly all sections.

$5.80/6 but there are now sell. Banks-Hong Kong and Shanghailers at $3.00 with. buyers at $5.80 Banks showed aslight' advance, for the Old shares. The New transactions having been effected shares are Nominal at $2.70.

nt $2050/60. Bank of East Aslas Hong Kong Docks are inquired for remained unchanged with enquiries at 330.

jat $129.

Public Utilities: Hong Kong Insurances-Canton Fires ag Trams after fair business at $21.25 well as Hong Kong Fires 'continued to $22.10 have eased off to $21.75 Star Ferries are wanted neglected. Unions changed hands sellers.

at $560 and continued in demand at at $98 with sellers asking. 50 cents China Underwriters over. China Lights improved dur this figure. Fetched $6 and further shares ing the week to $26.50 but this were wanted.

price was not maintained and there Hong are now sellers at $26. Kong Electrics have remained very steady with buyers at $18.25. Hong Kong Telephones have sell- ers' at $86.50.

Shipping. Douglases after been neglected for some Subscribed Capital....$25,000,000.00 having

...$24,710,200.00 time were active again with buyers Paid-Up Capital Reserve Funda ... $ 8,820,503.82 at $232. Hong Kong Steamboats wore rather strong with enquiries

Miscellaneous:-Ganton Ices.con- fat $262. Union Waterboats. continue in demand at $6.60. A good

tinued in demand at $28.

business was done in Cements Mining-Raubs, though quiet from $18.75 to $19.25 cash and for were enquired for at $35. Vene-forward delivery at proportionate- zuela Goldfields remained unchang-ly higher rates. There are fur- Owing to our numerous branches in

Cash wit ther buyers at $19. China and largo connections in the imed, buyers prevailing at $23.

Ducks, Wharves and Godowns.sellera at $19.25. Hong Kong portant commercial centres of the world, we are able to extend to our H. K. and Kowloon Wharves ang Ropes have buyers at $21.75 and clients special facilities for domestic

were sellers at $22.15. Dairy Farms are ed hands at $164/65, ** and foreign banking and exchanges.

4, Queen's Road Central.

abroad..

Con-

We also handle the issue of Bends further buyers at mer rate. wanted at $90.60 sales having and other Public Funds of the Chin-| Providents (old) were alightly taken place at $30.40/.65. ege Government both at home and firmer, business having been done structions have been the feature

SHOU J. CHEN,

as high as 86,

of the week in advancing to $12.00 cash, there are further buyers at Hotols and Real Estate.-H. K.$12.50. Watsons have buyers at Hong Kong, 8th March, 1931.

and Shanghai Hotels opened slight-$16. A new stock is now listed ly easy at the outset, but closed firm viz. the South China Enterprises at the close, shares having changed(Macao Race Club) the $10 pald

Established 1912.

Manager.

THE BANK OF CANTON, LTD. hands at rising rates from $16.10 up share having buyers at $18. | to $16.30 for the old shares. Hong

Rate of Exchange: The T.T. Kong Lands receded a little and Rate on London is 11d. and on were done..at $91 to $912. Hum-Shanghai-79.

Head-ОceHong Kong

Authorised Capital (RL.E. Currency) $11,000,000

8,660,600 1,100,000

phreys attracted very little atten- Dividends: The Hong Kong & tien sellers prevailing at $19.90 for Shanghal Banking Corporation have the old shares and $19.40 for the declared an Interim Dividend of new. Hong Kong Realties were £3 per share at exchange 1/- Sanok, Hand Tort and San Francia firmer with business done at payable on August 10, 1931.

Casson, Eachat, Esakow,

CORRESPONDENTS

LONDON DANKEDS.-

U.S.$6,000,000 U.S.$1,672,454 U.S.$1,908.209

Pald-Up Capita

Hearts Fund 8-

BRANCHES-

Amatárden Autwear

:

BRANCHES:-

Bo Blo

Bastr

Barkin

Direkto

Dombay

Brunesia

Buenos Aires

BAYERU Husburg

Insertakan Jerusalem Lide London Everpool Lavor

Now Naplon Preus

Cairo

Calcutta Canzes Colombo Constantinople

Copenhagen Edinburgh Morano

.. Lugans

LCIO Marmilles Mogle Uncle. Macile

Honjob

Purls CoaD

Taking

Batterdam Home Bamboul Stangkal Southampton Singapore

61. Korits *Tiantaim Vienna

Vraice

Yokohama Zurich

Mantan Kilan Branches of American Express Company in Principal eltion of Unit- ed States of America and Canada.

All classes of Commercial Banking Transactions undertaken.

Personel handled.

investment accounts

The Company offers to intending Travellers the use of its "Travelers Cheques and Letters of Credit and, in addition, the world-wide services of its thoroughly equipped Travel De partment

Affiliated with

THE CHASE NATIONAL BANK Resources Over C$2,500,000,000

The Lloyd's Bank, Lünĺtad.

lo al principal dilies of the World.

Foralgo sxchange and bankier bina

Stary

scription Urizacie.

slow,

.

Eats Deposit Boxe (various elsae) at a poeziy rectal of from 5 to $10.

LOOK POONG SHAN,

Chief Manager.

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO.)

$14.80/90,

Forward Settlement Daya:-July Cotton Mills. There was a very 28, August 25 and September 28, brisk market for Ewos in the grea

er part of the week, shares having' changed hands at $$14.35 to 314.50 but suddenly eased off a great deal,| buyers offering only $14.

1931.

CALCUTTA TRAMS.

Heavy Decline in Revenue.

Sells

Whisky in a class by itself, A which has been in the hands of the same family ever alace its inception, and which through longyears of populas- ity has steadily maintained its unique standard of excellence,"

"Overs Day Mell"

Wm.Sanderson & Son L1a: Distillers

Estd. 1863.

LEITH

NQUEUR, SCOTCH WHISKY

VAT 69

LEITH

Agents-W. R. LOXLEY COMPANY,

A FRESH SHIPMENT

OF

AUSTRALIAN

NAVEL

ORANGES

"The Gems & Gold"

'PHONE

YOUR

ORDER IMMEDIATELY

SINCERE'S

DIAL 22139 — PROVISION DEPT.

RUBBER FROM A WEED.

New Discovery by Soviet Scientists.

in an untutored hand saying that the sender had seen natives chew the weed, and thought they might contain rubber.

1

40 Per Cent. Rubber.

The plants were sent to the laboratories of the Rubber Trust, where it was discovered that they. were chondrilla and contained two per cent. of rubber, Later scien- Not only have Soviet scientists thats reported that by intensive Public Utilities.-Hong Kong

succeeded in producing rubber cultivation it would be possible to Trams experienced a smart rise and

from oil, but they have now pro- raise the rubber content to 12 per were put through as high as $22.

A heavy fall in revenue is dis-duced it from alcohol, and, from cent. Star Ferries were in demand at

In 1929, a young botanist, 893% without attracting sellers closed by the accounts of the a weed known as tau-sagiz, found Zaresky, employed by the Rubber. China Lights remained steady with Calcutta Tramways Company, the buyers at $26, Hong Kong Elec-figure of £26,448 shown for 1980 in Central Asia, says the British Trust, was sent to the Karatan trics were negotiated at $81% and comparing with £102,791 for the United Press Moscow correapon Mountains in Turkestan to obtain fresh, supplies of chondrilla, which there were further buyers at $814. prèvious year. Debenture service dent.

the natives call "mau-sagiz." An Bank-Notes isood Average amount Yen. 15,000,000 Telephones (party paid) saged absorbs £37,758 and the Preference

Offers have been made for the old native whom he asked told him dividend requires £12,500, se that' away to a selling rate of $981⁄2.

Miscellaneous-Cements (comb.) In order to mest these charges it secret of the process by German that the correct name

a great set-back and has been necessary to withdraw and other business men. German "mau-sagiz" but tau-sagiz. Zaresky assumed that, the plants given him In Baghel, Hacker, Amor, Foscher, were sold down to $184 but £16,000 from the contingencies re- Industrialists are stated to be par were chondrilla, and sent them to

og Long Biampo obey the market has since recovered a serve and reduce the carry-forward

the factory.,.

HEAD OFFICE—Talpet, Formosa Incorporated by Special Imperial Charter, 1899.

Central Bank in Porto

BRANCHES AND AGENCIES.

··

JAPAN

Kobe, Daka FORMOSA

Malong, Nanie, Balochiku, Taloku, ·Tainan, Takso, Temal, Toen, Hello, Talio

suffered

Swalow, Decion

Bezmatung. Bateria Fombas. Celovita

London, New York, Dalen,

LONDON HANKERSTI

Commercial Contess throughout the world,

little and closed with buyers offor- from £13,284 to £5,480. Ne divi- ticularly interested, because

a

Was

not

On examination scientists deter-

„contained 40 per cent. of rubber. A branch of the Rubber Trust was Itussia is still one of the smallest opened in a small town in the

The London Dounty Weimlaster and Parr's Basking $19, Hong Kong Ropes were dend is recommended on the 700,000 kilogram of synthetic rubber pro-

The Back hiss Dorispondente is all the principal realised at $214 and more shares Ordinary £1 shares (against is ducod in Germany costs about 80s.mined that the plant was slightly could be placed at this figure, 21⁄2d. per share, tax free). The more than 80 times as much as different from 'chondrills, and Dairy Farms improved afttle and report states that the reduction in after sales at 330.40/60, were the traffic receipts is attributable to plantation rubber. sought for at $81. H. K. Construe- general, trade depression, which has tions improved a great deal, sales been severely felt in Calcutta, to the consumers of rubber, but this year Karatan Mountains where tau having been reported at $12.50/65. political conditions, including strikes she has used twice as mucha sagtz had been found. Lane Crawfords were for demand at and harteks, which have involved before the revolution. According serious disorganisation to traffic to plans she will use 90,000 tons $8 and Sinceres at $164.

Forward Settlement Days.and damage to some of the com- of rubber in 1938. July 28, August 25, September 28.

HONG KONG BRANCH:

--K. MAGURA.

1. De Vaux Road Comics). *Hong Kong, 19th January, 2006,

Manager.

C. IL BENSON,

General Manager.

THE MERCANTILE BANK OF

INDIA, LTD.

THE BANK OF EAST ASIA, LTD.

Established 1918.

HEAD OFFICE:

10, Dea Voeux Road, Central, TONG FONG

and:

Intion of Banking and Exo

Deposit Accounts inloc

over HS 8,000,000.00 over H.$30,000,000.08 business

Deposit Box

HEAD. OFFICE)

15, Gracechurch Eropa.. Authorised. Capital£3,000,000 Subscribed Umplén 1977:51,800,000 Paid-up Capital

1,050,000

"Reserve Fund" and Rent 1,606,845

BANANA BANKBAN FINANS

The Banir of Ragland; & Midland Bank, Xid CAMERA SCAUNEDANOHER 1 -> Bangkok 20061pck;}) Yew York

Bumbay - Na Karachi Sony Part, Louis -

Galomba 75)Kusts Kend G3220 Hangiom

Gela

Hong Kong, Kuantes (rahang) Singapore Bourabaya

#EVADE HONG KONG BRAY CHLA |2BNity description,

Trustów Sand

CARROLL BROS.

Mystery In Discovery.

Big Production This Year.

By the end of 1980, 765 togs of pany's rolling stock, for which, no

fan-angiz, roots were gathered, compensation is obtainable, and to

yielding 150 tons of rubber. This There are two rubber factories raw rubber contained 95 per cent. the Intensified and Indiscriminate omnibus competition. The logs in Leningrad, one making-rubber pure rubber, and only 6 per cent. Hong Kong, July 17. which the company has incurred in from alcohol. It is claimed that of pitch, whereas the chondrilla The market during the week maintaining Its omnibus service, two tyres made with rubber pro plant could yield only 12 per cent, under roylew has remained on the owing to the chaotic conditions pre-duced from alcohol have already raw rubber, composed of 55 per dull side in both the speculative valling in the Calcutta streets, been tested over 11,000 miles and cent, pure rubber and 45 per cent. and investment sections and from reached such proportions that the found satisfactory pitch. present indications we fear no directors decided they were not The incidents that led to the dis An experimental tyre was manu- material. improvement may be ex-justified in continuing it, and they covery of the new rubber-bearing factured from tau-angiz and sub- pected for dome weeks yet. How therefore abandoned all the services plant tau-sagisare curious. Injected to a test equivalent to not unusual for condi- except that between the Howrah 1927 M. Valerian Kulbishov, who travelling at 310 miles an hour. ever It tione

rather, Black at this railway station and Esplanade as was then president of the Supreme After this test the tyre was still

from Febr last, instructions Council of National Economy, re good for further use,

awal of which service colved a battered package-mar "since been given. The fares "Personal for the <a of the tramway service were reduc Comrade Külblshoy." are vimall” bà, èd by spproximately 15 per cent, in The

bore the

year.

ttons have continue

the market, at pres

for the

intion

stmar

Plans for 1981 provide for, sDW ing 86,000 acres of tau-zagiz The Rubber Trust will also Bow, this year 810 acres of Mexican yala, of the fact that this plant Bids one-tenth as much rube

4