1932-05-18 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Estread and Polly Pull-up - 1.000.000 Morro Ponte ---

330.000.000

Bamere 'Einblity of Propriators = 206.000.000 HEAD OFFICE: HONG KONG.

BLED OF DIRECTORS |--

་

M. Mr. J. J. Pasoroom.

T. & Peace Mas Degy elmaa.

KOM. K. W. H. Bell, J. & Plumane, Bog.

Organ. Beg. M.T.Joharom, Eng. St. Makin, Hoy.

T. H. X. Shaw, 'Mog.

J. P. Warren. 14.

V. M. Örazhsen, Bog.

MOY

MANGKOK

BATAVIA

BOMBAY

SALOUTTA

CANTON

CEEXPGO COLOMBO

BAIBEN

Tin:1: KAMBURG

NOBI-

LONDON

PENANG

LYONG

MALADOR

MANILA

MUAR (Johor)

KIXDEX

NSW YORK

PRIPING

HOW

RANGOON

BALOON

SAN FRANCISCO

AXNOW

SHANGHAI

KARDIN

BINGAPORE

MONOKEW

SOUBANTA

ITAILO

BUNGE FATANI

UPOKE

TIENTGIN

JOHOR

TORTO

O

TSTHOTAQ

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

THE HO HONG BANK, LTD.

(Established 1917.)-

HEAD OFFICE:—-SINGAPORE." Hong Kong Bensch: 18, Quem's Bd. C.

Authorised Capital Straits $20,000,000 Issued Capital ...... Paid-up Capital

W

8,000,000 4,000,000

4,000,000

£,687,000

Incorporated by Royal Charter, 1855. Reserve': Kabikien

HEAD OFFICE: LONDON,

Paid-up Capital Reserve Fund

Reserve Liability of Pro-

prietors

ALOB HIAR

of Shareholders Hurplus

Branches, Agencias and CarwIDOR- £8,000,000 dente in the principal cities of the £3,000,000 world.

Every description of Banking and £3,000,000 | Mechange businang, transected.

TAN ENG HOOL,

Agencies and Branchen:

XUGHING

MADRAS

MANILA

MEBAN

AMRITSAR BANGKOK BATAVIA BOMBAY

DALCUTTA

CANTON CAWNFORE O28 COLOMBO DELKI HAIPHONG HAMBURO HANKOW

HARDIN

IPOH

KARACHI

KORE

NEW TOBL

PEPING (Paling!

PENING

RANDCON

.. SALOON

SEMARASO

SEREMBAN

BHANGHAI

Messger

THE NATIONAL CITY BANK OF NEW YORK.

HEAD OFFICE: 55, Wall Street, .

NEW YORK.

Capital, Surplus and

Undivided Profits U.S.$226,503,775. Branches in:----

LONDON

MEXICO

PANAMA

THE CHINA MAIL.

Commerce and

Finance

LONDON AND NEW YORK STOCK QUOTATIONS

PRICES STIFFEN WITHOUT OUTSIDE INFLUENCE,

Steady Buying Recorded.

31

Standard Gas & Electric 16% New York, May 10.

Standard Oll of N.J. ... 25% the New Texas Corporation Prices stiffened on

11 18 York Stock Exchange to-day, with- Texas Gulf Sulphur

Transamerica out the aid of any outside influ- Union Carbide & Carbon 18%

Union Pacifle

52 ence, says the daily review of the United Aircraft & Trans. 10% Dow Jones Financial News Agency United Corp... for the Wall Street Journal.

Steady buying eliminated the U.S. Steel losses at the previous session.

WEDNESDAY, MAY 18, 1932.

THE OUTLOOK FOR

RUBBER.

Pessimistic Views in Holland.

tory scheme of forced restriction could be evolved.

Tapping Suspended. According to figures Just publish- ed by the Central Bureau of Statis tics at Batavia, by. December 81; 1931; 189 rubber estates in the Dutch East Indies had stopped tap- ping altogether, and 114 estates, had NO CONTROLLED RESTRICTION, introduced & parifal stoppage.

The total area on which tapping The official communique Issued by operations were stopped by the end the Dutch Colonial Office at The of last year was 14,968 hectares out Hague has put an end to hopes of of an aggregate area of rubber Juny Government contre rd scheme estates in the Netherlands Indies of of rubber restriction, writes the 575,000 hectares. On the other Amsterdam correspondent of the hand, 69 estates, representing a Financial Times on Märch 20. planted area of 8,148 hectares, in- During the past few years it is troduced for various reasons a more estimated that some 140 schemes intensive system of tapping.

for rubber restriction have been put 1844 forward by those interested, in the 25%

Industry. The majority of them 11% 11 were consid ved to be quite imprac-| 184

gyticable, but 44 were given close

19 study and reports on them made to! 52% the Dutch authorities,

F

FIMES. DUTIES.

Preference On Tobacco Withdrawn.

The following notification appears

As regards the negotiations just in a supplement dated April 15, to ended, the best chance of success the F.M.S. Gazette:-

29% scheme which the Dutch Govern- 8% ment did not consider to be entirely

inacceptable or Impracticable.

SINDPORE

SITIAWAN

BONG KONO

BOTRADAYA

ILATZO

TAIPING

10%

TURSTSIN

TONIKAH (Bhuka)

ARGENTINE

·6%

KLANG

TRINGTAO

BELGIUM

YOKOHAMA

BRAZIL

United Gas Improvement 17 U.S. Rubbor

17

3

3 was offered by the "Verubo" quota

KUALA KANGSLE

ZAMBOANGA

KUALA LUMPUR

UHTLE

PERU

29%

CHINA

PHILIPPINE

ISLANDS

Vanadium

8%

GUBA

PORTO RICO

STRAITS

REPUBLIC

SETTLEMENTS

INDIA

URUGUAY

ITALY

VENEZUELA

JAPAN

Commercial and Travellers' 'Letters

Traders'

uttention

Trading quickened near the Westinghouse E. & M.

Woolworth close, but early trading was dull. Air Reduction Sales for the day totalled 700,000 Amer, Sugar Refining

Auburn shares.

Bendix Aviation Canada Dry Ginger Catepillar Tractor

Warner Bros. Pictures

1%

1

24%

33

244 3244

80 17 35% 6%

WAB only

Ale - 8

64

It is understood that this scheme 40 formed the basis of the negotiations. 174 Nevertheless, the discussions with 36% Mr. Luytjes, the Dutch Indies highi

'6%%%

official, proved that this scheme was 84

also fraught with great difficulties, 8%

25,

24

2% would

be

impossible as

far

12%

18

Malaya was concerned.

124

.12%

7

7%

Estates May Close...

3

3

3

Manager.

R. M. MCLAY,

Hong Kong, May 19, 1932.

Trust Series "3"

The Chief Secretary to Govern- ment hereby amends Notification in the No. 1725, published Gazette of March 10, 1932, re- garding the imposition of certain preferential import duties, - by deleting the whole of the last clause therein beginning with the words "Manufactured tobacco." Manufactured tobacco

WAS

en-

25 and was found that such a plan titled to a preferential tariff if not

44

ashless than 5 per cent. of its value was

the result of labour within Great Britain, Ireland, the British Domin- Undoubtedly, the decision of the ions within the meaning of the

344 Government will be a great dis-Statute of Westminster, 1931, the 15 appointment to all those who saw in Colony of the Straits Settlements the forced restriction of output or or any Malay State under British" 1314 35% of exports the ultimate remedy for Protection. But the preferential 9% the industry. It will be welcomed rate was only granted in respect of 22% by those who preached the "survival such proportion of the value as cor 14% of the fittest," and it will also be responded to the value of the labour

welcomed because it removes uacer-employed upon it.

3tainty. It is considered here that

all rubber restriction schemes can

now be regarded as dead and buried.]

LED. CERTIFICATES.

The immediate future of the in-

Messrs. A. Goeke & Co., Ioca! dustry is considered to be very agents for the Societe Internation gloomy. A leading Dutch rubber als de Placements, Basie, advise. grower with whom I discussed the us that yesterday's official quotation 84% attuation is of opinion that the in Basie was: £2.11.6d.

financially strong companies will

HOWLOON

KUALA LUMPUD

ZOKOHAMA

Omer Ancounty opened to Loved Onrrone! and Pisal Depoise received for one ye aberta parinde in Local Cazzanay sad Akežting wwe boema which will be quoted on application.

Hong Kong, 5th April, 1992.

HONG KONG SAVINGS BANK.

The Buntess of the stove Bank is condumad By the HONG KONG AND BHANGHAI BANK ING OCEPORATION. Au Thabled waliosion.

TO THE HONGROND AND SHANGHAI BANKING CORPORATION,

7. M. OHATHIJRM,

Chiel Manager.

Flong Kong, 17th February, 1933.

THE BANK OF CANTON, LTD.

Established 1912

Head Office-Hong Kong. Ansbacion Caplis) (H.X. Currenty) ...@11,100,000 -Up Capital 3,000,000-

BRANCHES -

Chistos, Bhanghai, Brakes, theshow, Bangkok, Har York and Bax Fradlace.

LONDON BANEERS |--

The Lloyds Bank, Limited. CORRESPONDENTE

En sit pelasipa) nities of the World.

Fasiga Bebangs and backing bestone of artacy doumiption 'traamota

Deposit Bozus (various sitot) nà a youety

LOOK POONG' SHAN,

Chief Manager.

THE BANK OF CHINA. 行銀國中

Meorganised October 26, 1928, under

special chartar of The National Gov-

trament as an

INTERNATIONAL EXCHANGE

BANK.

#ahscribed Capital .....$25,000,000.00

Fald-Up Capital

Reserve Funda

.$24,710,200.00

............$ 3,820;508.82

HEAD OFFICE:, BHANGHAI.

HONG KONG BRANCH:

4. Queen's Road Central.

Owing to our numerous branchas in --China and large connections to the 'Supertant commercial centres of the world, we are able to extend to our ellets special facilities for domestic and foreign banking and exchanges,

We also handle the issue of Bonds and other Pubile Fands of the Chin- 909 Gevaremont both at home and abroad.

SHOU J. CHEN,

Manager.

Hong Kong, 5th March, 1971.

THE TOKOHAMA SPECIE BANK,

LIMITED,

Foreign Exchange and General COLOMBIA

Banking business transacted.

Current Accounts opened and Fix-DOMINICAN ed Deposits received for one year or shorter periods at rates which will be quoted on application.

J. STUART,

Hong Kong, 11th April, 1932.

THE NATIONAL COMMERCIAL

SAVINGS BANK, LTD.

CURRENT ACCOUNTS. Cheques Cashed in 15 minutes while you wait.

SAVINGS ACCOUNTS

We offer good gates of interest.

TOTAL RESOURCES

$19,000,000

EFFICIENT-TRUSTWORTHY

RELIABLE-COURTEOUS.

144-150, Des Voeux Rd. C.

NEDERLANDSCHE HÄNDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING SOCIETY)

BANKERS.

BetaMishad 1854, Hang Tone Ocios:~~11, Queen's Boad Cantral.

Authorised Capital ..................... Galiders 100,000,000. Paid-Up Ospital anomine, Ontiders 20,000,000- Reserve Fund Gulldaru 10,914,080-

PWE

Branchen :-Band)semaaizs

of Credits, Travellers' Cheques, Bill slightly on the report that car Continental Can of Exchange and Cable Transfers loadings for the week ending Coty, Inc. bought and sold.

Current accounts April 30 amounted to 554,012, on Diamond Match and Savings Bank accounts opened and Fixed Deposits in local and for the report of the United States Elec. Auto Lite Co.

currencies

Elec taken at rates that Steel Corporation that unfilled

Power & Light &eign cur

may be ascertained on application to tonnage had declined 145,487 tons

Fund. Trust Series "A the Bank.

tomers the services of the Branchea tona.

We are also able to offer our Cu.to a new low record of 2,526.926 Cameral Amer, Tank Car 18

Int. Printing Ink of the International Banking Cor- U.S. Steel, opening down half a Mack Trucks Nat Biscuit poration in Spain and alas of The point to 22%, soon moved up to Nat" Cash Register National City Bank of New York the three-quarter level and stood Nat'l Dairy Products (France), S.A., in Paris and Nice.

at 30 at 11 a.m., going to 30% Otis Elevator some 45 minutes later but closing Safeway Stores back at 294, off an eighth. Beth- United Fruit lehem closed off 3% to 15%.

U.S. Realty & Imp. ....

Manager

Bonds, cotton and grain, grew THE BANK OF TAIWAN, LTD. Armer. The Dow Jones average

(TAIWAN GINKO.)

| HEAD OFFICE:-Taipeh, Formons.

Incorporated by Special Imperial Charter, 1899.

Central Bank in Formosa,"

for 40 bonds was off .05, however, to 78.89.

Two of the Dow Jones stock | averages rose and a third, that for 20 rail issues, declined but .02 to 20.90. The average for 30 in- dustrials was up .64 to 57.68 and that for 20 utilities was up .08 to 24.62. Call money held at 2% per

Bank-Noies lasund Average amount ...Tes. 15,000,000 BRANCHES AND AGENCIES: JAPAN :—Təykə, Yokohama, Kobe, Chunks, FORMOSA: Giren Karl, Karenko, Isshme. cent.

Makeng Nazis, Blinchiku, Tricho, Talma, Takao, Tacowni, Tous, Hallo. Tallo.

General Motors rose % to close CHINA-Shagha Hankow, Amoy, Fooehow, at 11, Chrysler was up a quar-

Sasion, Cesto

OTHERS-Hoo Kong, Slagspore, Sourabaya, ter to 8%, Allied Chemical rose Bamarang Bateria, Bombay, Leason, New. to close at 55, Anaconda Cop-

York, Daire..

LONDON BANKERS)

Barclays Bank, Ltd., Lloyds Bank, Ltd, Midland Bank, Ltd., Wositalarter Bank, Ltd.

The Bank has Corespondente la all the princípać Commercial Cenless thoughout the world, L NAGUDA,

HONG KONG BRANCH:

1. Die Vant Bond Cantesi, Bong Kong. Bomber 4, 1983.

THE MERCANTILE BANK OF

per closed unchanged at 5%, New York Central held at 14 and

44% 1898 Eng. 4% 1908

4

13%

36

0%

22

14

48% 18

4%

47

174

LONDON STOCKS.

May 9 Chinese Govt. Bonds:- 5% Reorga. 1913,

London

10

58

68

84%

569%

57

6% 1912

344

5% 1925

82%

85% (probably be able to face the crisis,' 83 even if rubber prices for another

Imperial Rly, 5%

70

70

S.N.R. 5%

27

27

Canton-Kowloon

two years retain at their presented low level. Many financially

weak

6-10

Sad

Hukuang 5

Kaunger.

J. I. Case closed off % to 28.

Quotations.

May 9 Adams Express

234 Allied Chemieni & Dye 64 Allis Chalmers

Ung. American Can

8994 American & For. Power 8% American & Far. Power

Tientsia-Pakow 5% 7-12 Tientsin-Pukow 5% S'hai-H'chow-Ning-

5%

Honan 5%

7-12

7-12

7-12

have to close down ¡diately.

almost imme-

59

12-17

5-10

Lunghai 5%

73

Marconi 8%

5-10

10

Vickors 8%

5-9

24 H.K. & S. Bank

100

5-9 100

Chartered Bank 56

Mercantile Bank 40 LC.S.N. вет

104

17

18

cum.

Unq. pref.

3

LC.S.N.

det, ord.

24

234

Warr...

Unq.

2

Gula Kalumpong.

6/6

American Smelting

0%

@ BAT. Co. Reg........... 71/8

6/6 71/8

99

99% Shell T. & T. Reg.

97/6.

694

684

P. & O. B.N. Co. def. 14/8

14/0

20%

20 Jap. 5% Loan, 1907

81

54

5% Jap.

€%

# Loan, 1924

71%%

72

25/

26/8

7%

6% Consols

82%

14

13% War Loan, 5%

101

29

30 Canadian Pacifie

15

15

Unq-

Canadian Pacific Railway 11

5% Victory Bonds, 4%.

994

Kanag

Bangkok Batavia Bomber

Ipoh

Case, J. 1.

23%

Fort Lauks

Kerabi

(Mauritia)

Chase Bank

Calvinis

Kota Bharu

Colombo

Kuala Lipis

Chrysler Corp.

29

11% German 7% Int. 23 Bour; British .... 30% 8hai Elec. Con..... 55/-

65

55/

8

Delbi Chila

Cities Service Co.

Hoan Loa

Madina

Bourabaya

Columbia Gas & Electric 7%

New York

Com & Southern

2%

2

Com. & So. Warr...

6/16

5/18 L.C.L., ord.

50

K. 4%%

D

344

86

Courtaulds, ord.. Dunlops, ordd. Cables

18/9 20/4/ 10/4/

& Wireless

1%

14

"B"

381

385 Cables

& Wireless

Pont de Nemours Eastman Kodak

30

80%

444

J. B. ROSS,

Manage

General Electrie

Electric Bond & Share Electric Power & Light ཏྭཱ Fox Film "

12%

HAW 45% Cables & Wireless 18% prof.

12%

7%

BIL

.2%

2

Gener

General

Motors

General Railway Signal

Mr. H. D. C. Jones, of Hong

Gillette Safety Razor...

144

14%%

M

13%

124

Goodyear Tyre & Rubber 11

Cament

8%

Harvester

17%

18

6%

8%

Head Off AMSTERDAM”. Katie Hand Office (—BATAVIA.

Bandwag", Bombay, Caloutta,"__Cheriban, -Dombr Djak. jakarta", The Hague', 'Illak, Kobs, Mokumar Kadas," Paschang, Peka jangan, Pinang, Bangcon, Rotterdam). Semarang, Shanghai, Singhport, Bours bala, Bosenkarka (Bolo), Teghi, Kjišnojwy and Weltevreden",

• Thome offin hars Safe Deposit. Bazne to far.

LONDON BANKERA :— · NATIONAL PROVINCIAL BANK LTD.

Correspondante ali grec the world, Banking Boel. now of every descripilat temsscted,

A STOXINE;

Hong Kong, lut Ducumber, 1981,

THE

AMERICAN EXPRESS COMPANY.

INC.

Hard Offer:--65, Broadway. New York.

Capital Surplus. Reserves

‚ U.8.$6,000,000

+ U.8.81,572,454. „U.8.81,306,209

BRANCHES

Angioclam

Havana Hashbarg

Yen 117,800,000

Blin Marib

Harro

·Jarmanlam

Established 1839.

Capital (fuhy paid-up) Yen 100,000,000 Rosaryo Fabsd-

„Hand Office:---YOKOHAMA.

Agiseled at:

Nagaiaki NAROTH Newchwang New York

Palping Rangoon (Makdan) Rio de Janeiro

Branches of Amer pany in Principal eltina

States of America and

-All clannen, of Commercial Bas Transactions undertaken:

Persona handled

rom: (1)ušnýy)".

INDIA, LTD.

HEAD OFFICE 1

15, Grastchurch Firsal, Londen, E.05.

Authorised Capital

....$3,000,000 Subscribed Capital..... 1,800,000 Paid-up Capital ....... 1,050,000 Reserve Fund & Rest. 1,217,927

BANKERS

The Bank of England & Midland Bank, Ltd.

BRANCHES

Kandy

Kuala Lumpur

Perang

Rangoon

Shanghai

Bimala

Homsten (Pabang) Singapore

HONG KONG BBANOH.

American Tel. & Tel. American Tobacco "g" American Waterworks Anaconda Copper Auburn Automobiles Baltimore & Ohio Bethlehem Steel

Borden Company

Warner

* Unofficial quotations.

concerns, on the other hand, willj

A large group of companies, will

59% be in doubt as to what policy to 12-17 adopt, and these, he said, will pro-| 5-10, bably force production, to as high a

734

5-10 level as possible in order to obtain

funds for carrying on.

It is a matter of doubt whether 104 the Government will be prepared or

even able to alleviate the hardships

8 resulting from such a situation.

Dutch Not To Blame.

It will be recalled that after the 35/7 abolition of the Stevenson scheme-

which failed because it remained restricted to British territory-con- | tinued attempts were made to bring 63% about negotiations between the Bri 101% tish and the Dutch.

Although in the beginning the 99% Dutch appeared to be disinclined to consider restriction, the sharp de- cline of prices converted a large Igroup of growers to the idea of

PIANOS.

MUSIC,

GRAMOPHONES, RECORDS

and all kinds of

MUSICAL

INSTRUMENTS.

Make your selection

AT

The following additional quote forced control. They realised never-TSANG FOOK PIANO tions have been received by the theless, 8% United Press:

50 YEARS' SERVICE.

that no such restriction could be effective unless the large 18/71⁄2 native production of the Dutch East

80 Indies were included a 10/7/4

It is held here that no blame By attaches to the Dutch Government for the present decision as appar- 18% ently the situation in the Dutch Indies native area, and in Malaya 40% convinced both the Dutch and Bri-

tish Governments that no satisfac-

COMPANY.

8, Des Voeux Road, Central.

(Entrance Ice House Street)

Telephone 24648.

35% -33% Chi. Eng. & Mining

Every description of Banking and Exchange bd Gas of NY. 50%

De transected

Travaliers Chegues beced.

Corn Products Trustee and Exsentorships under Curtis Wright Com. taken:

INTEREST allowed on Carrsak Asodanie and -142 Inc. Fixed Depoalte at Bates, that may be espertained on application.

7, Quman's Boad Camaral,

Hong Kong, 7th April, 1982.

ALEXANDER

INSTITUT

DE BEAUTE

Phon

Fedder Buildingge (1st Floor)

Opponite Entrance to

"Hong Kong Hotel,

Foods

fald Dobber

Goodrich

The Combra Hotel

Gross Our Permanent Hair Way

are Largs,: Soft and Naturn

Int

International Te

Kong & Shangkal Bank.

Mr. H., D. C. Jones, the senior 11% London manager of the Hong Kong

814

*” and Shanghai Banking Corporation

19 has just completed, afty years - In

6% the service of that institution.

To commemorate the occasion, an

Johns Manvile 19 18 illuminated address was presented

Kruger & Toll

Liggett & Myers "B"

Laziland P. Coil (Dam)

Ward.

Neyida Copper

New York Central *** 1434 2335. Americii £á 24

& Electrio.

*** to Mr. Jones or April 4 on behalf of 49% the staff of the London office. The 23% addidas, was In book form, Bound 34. În red and white morocco leather, Und the colours of the bank, the word- alur being

1882-1932.

8% 1436 “Presented to H.. D. C., Jones, 245 Esq., by the members of the Lon don office staff on: his compigtlozi of 50 years service in the Hong Kong 110% & Shanghai Banking Corporation

21% wa witestimony); of their

apprecia

BY SPECIAL REQUEST RE-SCREENING OF

FOR TWO DAYS ONLY

"..

"SUNSHINE SUSIE"

VA BRITISH PICTURE,

with RENATE MULLER, OWEN NARES, JACK KULBĚRT & MORRIS HARVEI,

KING'S

PHOTO SUPPLIES.

PHOTOS TAKEN DAY AND NIGHT. Zeiss, Kodaks, Calmeras, Films, Plates, and Papera, etc. Developing, Printing and Enlarging. AT: 24 HOURS SERVICE.

* Pria Moderata,

A Tril Order in Solicited.

THE KWONG KWUI CO. LTD: