1932-06-21 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorised Capital 50,000,000 Leeued and Fully Paid-up 20,000,000 Beurre Fenda :—

Berling Blit

£8,500,000 $10,000,000

Barva Limblilty of Propriators $31,000,000

WEAD OFFICE. HONG KONG.

BOARD OF DIRECTORS:

lon, Mr. J. J. Paterson. Chairman

#. E. Pearce, Esq Deputy Chairman.

Hon. Mr. W. E. Bell,

A. B. Cempion, Ket M. T. Johnson, Taj. 19. Miskin, Esq.

AMOY

BANGKOK

BATAVIA

DOMBAY CALCUTTA

J. A. Pismer, Bey-

T. 1. R. Shaw, Eng.

J. E. WATIO, Žag.

V. M. Graybarn, Esq. Chief Manager.

BRANCHES-

LONDON

LYONS

MALACCA

PENANO

MANILA

MUAR Johor)

CANTON CBEFOO COLOMBO

MUXDRY

NEW YORK

PEIFING

DAIREN

FOOCHOW

HAIPHONG

WANDURA

SAN FRANCISCO

HANKOW

HARBIN

BONGSEW

ILOILO

IPOR

JOHORE

KOSK

KOWLOON

KUALA LUMPUR

BANODON

RAIGON

BITANFAL

B:NDATORE

ROUBABYA

SUNORI PATANI

TIENTHIN

TGEYO

TEINSTAD

TOKOHAMA

Current As opened in Local Currency

and Fixed Depolta incived for one year or shorter periods in Loral Company, and Starling on terme which will be quoted on application Hong Kong, 6th Ap1, 102,

HONG KONG SAVINGS BANK.

The Bazines of the shore Bank in nandurled by the HONG KONG AND SITANGHAL BANK- 130 GATORATION. Bale ray be obtained.

appletion.

FOR THE HUNGRONG AND SHANGHAI BANKING CORPORATION.

V. M. GRAYRORN,

Shraf Manngue.

Hong Kong, 17th February, 1932.

THE BANK OF CANTON, LTD.

Established 1912.

Head Offee-Hong Kong.

Authorised Capital (1.X. Curragoj) .....$11,000,000 Paid-Up Omplis)

Berri Fund ...

#1,865,000 1,100,000

Canson,

BRANCHES: Bhanghai,

lankom.

Swalow, Bangkok, New York and Hao Franciaso.

LONDON BANK-

The Lloyd's Bank, Limited.

CORRESPONDENTS

In all principal cities of the World. Forsiga Kichange and banking burlones of story description transacted.

Bafa Deposit Boss [various class) at a Jourly

all of from 35 10 10.

LOOK POONG SHAN,

Chlef Manager.

THE BANK OF CHINA. 行 ̧銀國中

Reorganised October 26, 1928, under

special charter of The National Gay- ernment as an

INTERNATIONAL EXCHANGE

BANK.

Subscribed Capital

$26,000,000.00

Paid-Up Capital

Reserve Funds'

HEAD OFFICE: SHANGHAL

$24,710,200.00 .$3,820,503.82

HONG KONG BRANCH:

4, Queen's Road Central.

Owing to our numerous branches in China and large connections in the im- portant commercial centres of the world, wo are able to extend to our ellents special facilities for domestic and foreign banking and exchanges.

We also handle the issue of Bonds and other Public Funds of the Chin-

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1853. HEAD OFFICE: LONDON.

Pald-up Capital

THE HO.HONG BANK, LTD.

(Established 1917.)

HEAD OFFICE:BINGAPORE Hong Kong Branch: 13, Queen's Rd. C. Authorised Capital Straits $20,000,000 Issued Capital ..... Paid-up Capital .... Reserve Liabilities of

Shareholders Surplus...............

8,000,000

"

4,009,000

FARR $0

4,000,000

2,687,000

THE CHINA MAIL.

Branches, Agencies and Correspon- dents in the principal cities of the. £3,000,000 world. .£3,000,000 Every description of Banking and

Exchange business transscted.

TAN ENG HOOL,

Manager.

Reserve Fund

Reserve Liability of Pro-

prietors

-£3,000,000

Agencies and Branches:

AIOR STAR

KUCHING

MADRAS

MANILA

AMBITRAN BANGKOK BATAVIA BOMBAY CALCUTTA CANTON CAWNPORE CEBU COLDHBO DELHI

HAIPHONG

MEDAN

NEW YORK

PEKANO

THE NATIONAL CITY BANK OF NEW YORK.

HEAD OFFICE: 55, Wall Street, NEW YORK.

Capital, Surplus, and

Undivided Profts U.S.$225,503,775.00

Branches in

TRIPING {P«king}

RANBOOK

BAIGON

REMARANG

FKREMBAN

HAMBURO

SHANGHAI

HANKOW

SINGAPORE

HARBIN

SITIAWAN

STONG KONG

SÖUBABAYA

ARGENTINE

ILDHO

TAIPING

BELGIUM

TIESTSIK

KARACHIT

TOXIKAN (buke?!

BRAZIL

TSINGTAO

CHILE

TOKOHAMA

ZAMBOANGA

CHINA

COLUMBIA

CHRA CUBA

IPOH

KLANG

КОЛЕ

KUALA TANORAR

KUALA LUMPUR

Foreign

and Exchange

Banking business transacted:

General DOMINICAN

REPUBLIC

Current Accounts opened and Fix-INDIA

ed Deposits received for one year or ITALY

Commerce and Finance

New York Stocks Featureless

Discouraging Influence Of Steels On Market

Lower Levels Reached

TUESDAY, JUNE 21, 1932.

Perils Of Exchange

Argentine And Australia

London, May 14.

City Properties Trust, which is An ordinary dividend of 4 per, domiciled in London, are to receive. cant, compared with 6% per cant. little over £8,000 in dividends this for, the preceding year, is declared year out of the company's annual for the year to the end of April last profit of $10,000, the remainder by Primitiva Holdings, Limited, of being put to reserve. The reason which Mr. P. Ashley Cooper is is given as follows:- chairman. The company derives The directors are influenced by |virtually its entire income from Ita the extreme difficulty of forecast- holding of 98 per cent of the ing the future of the exchange capital of the Primitiva Gas Com- between London and Australia. pany of Buenos Ayres, which,| If the course of exchange, is though recording last year a satia- allowed to be governed by supply factory improvement in operating and demand, it would seem that results, suffered a loss on excbange the greatly increased excess of amounting to £142,762. In conse

exports from Australia over im- quence the holding company's pro-

ports points to `gradual return fit Is down from £116,000 to

to parity, between the Australian £95,000, while there is prior

pound and the pound sterling. A repetition, of the featureless

Mon., charge against the profita in

Therefore the directors. are ́ re- (respect of dividende on £250,000 of market of a few weeks ago was)

luctant to pay $125 10s. for every 38% 38% 6 per cent. preference capita} witnessed on June 13.

£100 distributed in dividend here Lack of Allied Chemical & Dye.. 51% 61% issued in June last for the purpose and prefer to increase the sum financial news and renewed non-American Can

374 08

2% 2%

or financing the subsidiaries. The SETTLEMENTS participation of traders caused American & For. Power

carried forward at credit of pro- URUGUAY

& Ref...

Investments in subsidiaries are Smelting

7% prices to move within a fractional Amer.

fit and loss in the hope that there VENEZUELA range, including towards lower American Tel. & Tel....

Amer.

14% 14% Sugar Refining

valued in the balance-sheet at or

will be no artificial interference 34 84%

below cost at £2,408,875, compared Tobacco "8" 48% 48%

with the course of the exchange with £2,589,685 a year ago (in 1930)

by the Australian Government. ́ 4 4 80% 68% the chairman described the hold.)

Meanwhile the money to pay the 5% 6% inga as being then worth well over dividend of 6d, per share will be 9% 8% £3,500,000),

while 2 sum of obtained by raising an overdraft in £247,906 has been loaned to one of London against the security of 84 the companies. The directors, fol- funds deposited in Melbourne, 5lowing the example of quite a

LONDON

MEXICO

PANAMA

PERU PERU

PHILIPPINE

ISLANDS

PORTO RICO STRAITS

Stocks Air Reduction

sharter periods at rates which will be "al and Travellers' Letters Tevels. Steel news was discourag-American

quoted on application.

J. STUART,

Manager. Hong Kong, 11th April, 1832.

of

Bethlehem

Credits. Travellers Cheques, Bills ing, with output capacity falling Anaconda Copper of Exchange and Cable Transfers of another three per cent. during Auburn bought and sold. Current accounts the past week to the extreme low Bendix Aviation and Savings Bank accounts opened and

Bethlehem Steel Borden Company Fixed Deposits in local and foreign point of 17 per cent.

Canada Dry Ginger currencies taken at rates that may be and U. S. Steel auffered declines. ascertained on application to the Bank. Auburn was somewhat quieter Canadian Pacific Rly

We are

are also able to offer our Cus- and although the range for the Caterpillar Tractor

Chrysler

Sat.

June 12

THE NATIONAL COMMERCIALE&tomers the services of the Branches day was from 61 to 74, it closed Columbia Gas & Elec....

SAVINGS BANK, LTD. -

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

SAVINGS ACCOUNTS

We offer good rates of interest. TOTAL RESOURCES $19,000,000

EFFICIENT-TRUSTWORTHY-

RELIABLE-COURTEOUS.

144-150, Des Voeux Rd. C.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADISO SOCIETY)

BANKERS.

Estabilshed 154.

Manager.

13

234

29

2912

Ale

7

7

K

5%

0%

0%

6% number of companies recently, are 6% proposing to convert the 2,750,000 36% £1 shares of the company into stock 21% 22 in order to eliminate the unneces- 11%sary work invoked in the distinc-

tive numbering of sharca.

1931-32 1930-31 1929-30

£

$

*

of the International Banking Corporaat 6836,

two points over the Consolidated Gas of N.Y. 36% tion in Spain and also of The National City Bank of New York (France), figure of the previous days.

Continental Can Little effect was caused by the Corn Products S.A., in Paris and Nice.

R. M. MCLAY, test vote in the House of Repre- Coty, Inc. ..... sentatives assuring a vote on the Curtiss Wright Hong Kong, May 13, 1982.

Diamond Match Tatman Bonus Bill next Thurs-Drug, Inc. day. Further New York will probably be with-Eastman

Kodak THE BANK OF TAIWAN, LTD. held pending concrete news from Elec. Auto Shore (new) 6%

Lite Washington.

(TAIWAN GINKO.)

HEAD OFFICE:-Taipeh, Formosa: Incorporated by Special Imperial Charter, 1899.

Central Bank In Formos. Bank-Salon fenord Average amount ...Yen. 45,000,000 DRANCHES AND AGENC129: JAPAN:-Tokyo, Yokohama, Kobe, Osaka. FORMOSA-Diran. Kagi. Karenko,

Makong, Nani, Shinshiku. Teichu. Tainan. "aken, Tamaul, Toon, Helto, Talto.

CHINA-Shanghai, Hinkow, Amoy, Foocho

Bingapore,

commitments in Dru

Du Pont de Nemours

87% 27%

27 40% 41%

APRIL RAYON OUTPUT.

Increase of Over 60 Per Cent. On Last Year's Figure.

London, May 27.

British production of rayon yarn

and waste for April amounted to

8,589 84,957 116,633 112,482 | 6,450,00011. This represents a striking increase of 2,630,000lb,,

Ordy, divid. 70,958 113,801 106,102 or over 60 per cent. on the figure. 6 for the corresponding month of 6,380 1931. It is also well above the

per cent. Forward

Shareholders of the Melbourne total for March this year.

10% Net pront

Elec.

7% Pref. divid.

Elec. Power & Light

Quotations.

Fund. Trust Series "A".

4

Stocks

Adama Express

Sat.. June 11

2

Mon., Fund. Trust Series "B".. 23

4

"

Allied Chemical & Dye.. 51%

6 Allis Chalmers American Can

13 2 61%

General Amer. Tank Car 11% General

14,622 11

61⁄44 9,212

General

General Electric

10%

10%

General Foods

21%

5

General Moteri

9

37% 38

"Asslung.

American & For. Power.. American & For, Power

2

24

Gold

Gillette Safety

13% 12%

Dust

Goodyear Tire & Bubber T

7%

Warr

14

14

American Smelting

Inter. Harvester

8

73

Inter.

Nickel

3%

YESTERDAY'S SOLUTION.

JAR

PEA LATER

Boorabaya,

84

84

48% 49%

Inter. Tel. & Tel.

Inter. Printing Ink

4% 4%+

8%

13% 18

Johns Manville

Liggett & Myra "B"

66%

68 K

17% 16%4

RIN

5

Mack Trucks

13

AİRİT

Jolu

5

GER

29% 27%

SOP

8

18% 18%

BAT AD

18% 11%

20%

20%

SON

21%

Swatow, Canton. OTHERS-Hong Kong.

Semarang, Batavia, Bombay, London, New York, Daires.

LONDON BANKERS:

Barclays Bank. Lid.. Lloyds Bank, Ltd. Midland Bank, Lid. Westminster Bank.. Lid. The Baux has Correspondents in all the principal Commercial Coutres throughout AGUNA the world.

HONG KONG BRANCH:

1, Den Voux Road Central. Ilang Kong. December 26, 1981.

Hong Kong Other-11. Queen's Stoed Central ALEXANDER

Authorized Capital Ouilders L20,000,000-

Paid-Up Capital.........

............... Builders 80,800,000 Outlder £3,018,000.

Reserve Fund

Hond Qffice-AMSTERDAM". Eastern Head Ofon:—UATAVIA. Branches-Bendjermsain, Bandung", Dombay,

Djok Calcutta, Cheriboo, Djember, jakarta, The Lague Jiddah, Rabs, Makasar. Medan, Palembang Peks. langen, Panang, Bag, Botterdam,

Keterang, Shanghai, Blugapore, Sors. bais, Soerakaris (Solo), Tegal, Tatjap

and Wolleroden".

*Then diren have Sale Deposit Boxes to Le.

LONDON DANKEDS:—

NATIONAL PROVINCIAL BANK LID.

Correspondents all over the world. Banking Bal

A. STOKKINE,

hians gor. flong Kong, at December, 181

of every description istisseted.

THE

ese Government both at home and AMERICAN EXPRESS COMPANY, abroad.

INC.

SHOU J. CHEN,

Manager.

Hong Kong, 5th March, 1981.

Head Office: 65, Broadway. New York.

Capital

THE YOKOHAMA SPECIE BANK, LIMITED.

Surplus

Reserver

Batavia

Barlin

Bombay

Calcutta

.U.S.$6,000,000.00

.U.S.$1,832,882.04 .D).5,$1,458,116.73

BRANCHES:---

Ameleriam Antwerp

Ganos

Olaszor

Athase

HAVARA Hamburg

Nica Kapine Pirius Paris Panang Pakdur Palermo Rotterdam Rons

Bamboul

Bremen Bramala

Benos Aires Baira

Celovita Cease

Colocabo

„Copenhages Manila

Floren

INSTITUT

DE BEAUTE

Phone 25169. Pedder Building (1st Floor) Opposite Entrance to Hong Kong Hotel.

Manager

American Tel. & Tel. American Tobacco "B" American Waterworks Anaconda Copper Auburn Automobiles Baltimore & Ohio Bethlehem Steel Borden Company

Warner Borg

Canadian Pacific Rly. Case,

. J. I.

Chase Bank

Chesapeake Corp.

Corn Products

Courtiss Wright Drug. Inc. Du Pont de

Nemours

Les Oil Permanent Hair Wave which are Large, Soft and Natural Artistic Finger and Marcel Waves, Eastman Kodak Treatment, Shampooing, Henna Pack Electric Band & Share (any colour), Hair Cutting and Maul-Electric Power & Light care for Ladies and Gentlemen Con- Fox Film "A" scientious, Artistle Work by European General Electric Expert, Mr. Alexander.

CHARGES MODERATE.

A VISIT WILL CONVINCE YOU.

PHOTO-SUPPLIES

Kodaks and Cameran.

Films, Plates and Papers, etc. Developing, Printing and Enlarging.

ZIESS and BUSCH FIELD GLASSES.

Price Moderate.

A Trial Order is Solicited.

A. SEK & CO.

Tel No. 23459.

*26A, Des Voeux Road, C.

.... Hong Kon

General Foods

General Motors

General Rly. Signal

514

9% 8%

93% 23

Loew's Inc.

Montgomery Ward

Nat. F Nat. Blacuit

4% Unq. Nat. Cash Register 94 B Nat. Daily Products 24% 24% North American Co.

Otis Elevator Pacific Gas &

Elec. Packard Motors Paramount Publix Pennsylvania Rly Phillips Petroleum 2 Radio Corporation

Safeway Stores

Sears Roebuck

10 21% U. S. Steel

For the first four months of 1932 the aggregate production of rayon Is 25,730,000lb., against 15,310,- [000lb..for the January to April

period of 1981.

Decrease In Unemployment. Accompanying this large expan. sion in output is a steady decrease the rayon in unemployment in

industry.

According to the official. returns published

by the Ministry of Labour, the total number of unem- ployed in the rayon trade on April 25 was 4615. On January 25 the fgure was 5669.

DAILY CROSS- WORD PUZZLE.

(This cross-word puzzle has been made by an expert but our readers are warned to look out for occasional phonetic spellings, such as harbor, plow, and altho.)

15

b

B 19 40

13

£14

18

23% 21%

7% 6%

Chrysler

6% 6%

Cities Service Co.

Columbia Gas & Elec.

8%

Commonwealth & South-

ørn

Z

Commonwealth & South-

ern Warr.

*

Y

14% 14%

Consolidated Gas of N.Y, 88%

36%

S. Oll of N. J.

Continental Oil

4

4%

So

30% 30

%

271 27

Transamerica

Texas Corporation

Texas Gulf Sulphur

Socony-Vacuum Corp.

27

27

on Carbide & Carbon 17% 17% 40% 41% Union Paclic

2%

67

United Aircraft & Trans. 8% 8

87%

15

44

United Corporation

15

1% Ung. United

Fruit

18%

10% 10%

U. S. Realty & Imp.

24

19

22

Vanadium ་་་་་་

6%

24

94

Unq. Warner Bros. Pictures

Gillette Bafety Razor Gold Dust

19

~ 9%

12% 10

Westinghouse E & M.... 22

21

28

Call money: 2 per cent,

*Ex. Dividend.

32

+BM.

Ung. Ung.

36

15

8%%%

814

LOCAL DOLLAR

38 39

40

42.43

44

45.146

148

516

RISES.

1/82 1/32

49

151

32

40

17% 16%

Stronger Tone in

53

Sb

Ung.

Silver Market.

5

11

Unq. 24 Yesterday to 18. 84d, but the local market was still more or less life- less, rates being largely nominal.

166

20%

2

HORIZONTAL

214

1-Collect

6-Paper macasuro" (pl.)| 12-Gain. 11-Tilted

63-Even (Contr.)

13-Concisely

64-Baction

Goodrich Rubber...... 834 3 Goodyear Tire & Rubber 7% Ung. Inter. Coment

Inter. Combustion Engine

{

Inter. Havester

Inter Nickel

Inter. Tel. & Tel

Johns Manville

Kennecott*

&

Toll

Kreu & Myers "B".

Liggett

Loew's Inc.

Lorrillard P. Co. (Com.) 11% 114

Ludlum Steel

Ward

Satlanma City Bank (bid-

price) Nevada

Copper

New York, Central. North American Co.. Pacific Gas & Elec. Packard Motors

Publix Faramount Railroad

Pennsylvania

Cere

Pennroad Phillips

The Hong Kong dollar rose 1/8th

In London, silver rose 1/16th. India and China were small buyers, 8% 8% and, with the market steady, sellers

1% held off.

36

New York silver prices were un- Public Service of N. J... 38% 884 changed on a dull market.

LONDON SILVER PRICES.

London, Yesterday. Closing silver prices in London 76to-day were: ht

19%

Established 1880.

Capital (fully paid-up) Yen 100,000,000 Reserve Fund ...... Yen 117,300,000

Head Office:----YOKOHAMA.

Branches and Agencies at:

Alexandria

Chaton

Changchun

Dairen (Dalny)

Nagasaki Nagoya Newchwang

New York

Osaka

Paris

Peiping Rangoon

Fongtien (Mukden) Elo de Janeiro

Hamburg Hanko Harbin

Hong Kong

Honolulu

Ral-Yuen Karacal

Kobe

London

San Francisco

Бал

Seattle Semarang Shanghai

Shimonose

Singapore' Soerabaya Sydney. Tientsin:

Tokyo Taington

Benia

Barlia

Barrita Boesbay.

*Terusalem

Lido London Livmpost Licens

Eugeno LALEOF Me Constantinopla Monte Carlo

Kdioburgh Munich

Chor

Moniedz

Maa

Shangha! Belhampton

Bagapore B4. Morits Thanks Vienne Venice

Tokohama Zurlok

Branches of American Express Com- pany in Principal ¿eftlas of United States of America and Canada,

All classes of Commercial Banking Transactione undertaken.

Personal Investment accounta handled.

The Company offers to Intending Travellers, the use of its "Travellers

2 Interest 'allowed on Currant AC-| Cheques" and Letters of "Credit' and,

counts.

den|| inaddition, the world-wide" sorriedi

... Depoalta received for fixed periods of its thoroughly equipped Travel-De-

at rates to be obtained'on application.}.partment.

OPEL

For Maximum Milenge

RECIABLE PRINTI

Simmons Company

Socony-Vacuum Corp.

Southern Cal. Edison

8. Oil of N.J.

exas Corporation

Texas Sulphur 14% 1

xas Gulf

2% Carbide & Carbon 17% 17% Union Pacife-2,. . *

37 87%

United Aircraft & Trans. United Corporation

Ualted Our Improvemen

[A. Rubber US Steel Variaciu

Warner Bros

Wastinghouse Woolworth Call Mon

Los Angeles Manila

HMOEL

Hòn Kon TIN YING, 199

DUGGAN

Radio Corporation

2%

Radio Keith Orpheum'

24

Reynolds, Tobacco "B"

29

Bears Roebuck

23 14% 14%

Shell Union

2

8%

20%

8%

B. Gas & Electric ...

8..onl

24

Spot

* 10% 10

Forward

rate was quoted #1-G88.82%

CANTON EXCHANGE.

Union

Transamerick

2%

June 18. June 20, 17/16-15/18 17 17-1/16 The London on New York cross

Canton Central Bank, notes were quoted at the Chinese Exchange here last evening at 84:5

59

164

165

167

| HORIZONTAL (Cont.)||| VERTICAL" (Cont) 50-Pellata of medicina 20-Farm animal 22-8panish title

15-A degree (abbr.)56-Fifty-six (Roman) 16-Bound

17-Part of head (pl.)

19-Park of

18-Three-toed sloth

21-Thinka

Body.

23-Saints (abbr.). 24-Easy run 20-Tumulte

27-Part of atión: 3'5 25Bvenly body

((((pl.)

· 30-Point of compass

31-Bud

- 22-Made; arenda. *84-Cooke

88-Lubricated *87-Gmail: fatend

38-8mall wave g 41-Narrow bandey 44-Withersp

while Hong Kong dollar Ho change for Kwangtung:

wero

-Walk slowly

premium of $426 for each

67-Symbol for aedium 6B-8máli particle

name

81-Although

[82-Feminine of teur.

64-8:ender

60-Entrance

$7-Growing gut

VERTICAL

Iza_chair

25-Trampad

27-Unfriendly 29-Cuts

81-Covering of hard

(pt.) 482–Old measure of

length

35-Cerent.

38-Fros S-A matal

[40-Puzzle'

45-Choose

143-Work

1-Province of Canada 42-Ring 2-Mother

8-Insect

4-Halt

'6"Mister (8p.)

6-Raisse-

· 7-Mistakes" 8-Beast of burdan

-Pronoun

10-Those who tay mlate

Exhausted

46-A tree

A6-A-binde

50-A flowerA 51-Noise made Inʼsierp 64-Mix

55 Prefix. ActORS 50-ákINE:

[50-Girl's name |69-Indesinite-article 86-A westarii Stato Docu):32[(abbr)

bove cross-word pustie ́s