1932-06-29 — Page 2

China Mail 德臣西報 中國郵報 All

TOKYO

TSINOTAO

YOKOITAMA

Current Aruna opened in Local Carency and Fised Deposite received for, one year of aborier perioda la loral Company and Sterling 04 Lerma wisich will be quoted as applicat Hong Kong 4th April, 1937.

HONG KONG SAVINGS BANK.

The Builder of the shers Bank sy voodusled by the HONG KONG AND BIANGHAI BANK ING OURPORATION. Ba' way be obselbed be opgiferžlum.

Hong Kong, 11th April, 1932.

THE NATIONAL COMMERCIAL

SAVINGS BANK, LTD.

and Savings Bank accounts opened and Du Pont de Nemours 24% Fixed Deposits in local and foreign Eastman Kodak

"We

taken at rates that may ba don application to the Bank. cherel Electric

General Foods are also able to offer our Cat-Gene

the services of the Branches General tomers

International & of the International Banking Corpura- tion in Spain and also of The National City Bank of New York (France), SA in Paris and Nice.

R. M. MCLAY,

Manager. Hong Kong, May 13, 1932.

International

KEEP GOING

Don't let headaches spoil your efficiency in the office or interfere with your evening's amusements. Always keep Genasprin at hand and take two tablets dissolved in a little water the moment you feel pain coming on. Genasprin is far purer than ordinary aspirin and therefore far safer. Quickly and surely it makes after-effects whatever. pain fade away, and leaves no Genasprin retains its wonderful pain-relieving powers "in spite of repeated administration.”

"Immediate Relief."

The famous racing motorists, Mr. J. J. Hall, writes: "Through severe vibration and banging about I have suffered from acute headaches. I have tried almost every known make of remedy, and I definitely state that I have found Genasprin Infinitely superior to any thing else. In addition to bringing immediate relief, Genasprin leave no unpleasant after-effects whatsoever, soothes the nerves and does all and more than is claimed for it.”

Doctors themselvesTM use

GENASPRIN

30 Industrials 42.98

20 Rails...18.76

20 Utilities 17.12

HANKOW

SINGAPORE

ĦABBIN

SITIAWAN

LYONS

11ONO KONO

HOURABAYA

BELGIUM

MEXICO

14

MALACCA

1.OMO

TAIPING

BRAZIL

MANILA

ITOX

TIENTSIN

MUAR (Johor)

KARACH

TONOKAЛ (Buket)

CHILE

PANAMA PERU

CANTON

MUEDEN

KLAND

TSINGTAO

CHINA

Air Reduction

CUERDO

NEW YORK

KORE

YOKOHAMA

COLUMBIA

COLOMI

PEITIKO

KUALA KANGSAR

ZAM BOARDA

DAINKE

TENANO

KUALA LUMPUR

CUBA DOMINICAN

PORTO RICO

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorized Capital

150,000,000 Laeved and Pulty Paid-up 10,000,000 Her Funde-

Sterling Bilver

£8,500,000

- #10,200,000

Barve fibility of Proprietors $30,000,000

WELD OPPION: HONG LONG.

BOARD OF DIRECTORS :-

flan, M. J. J. Paterson.

Chairman

T. E. Pero, Esq. Deputy Chairman.

U. Mr. W. K. Ball,

.. Complon, Esq. M. T. Joboro, Esq. -2. Malin, Raq.

AMOY BANGKOK BATAVIA BOMBAY

CALCUTTA

J. A. PlusSI

7. H. 3. Shay, Engi

J.-P. Warren, Roq,

V. W. Graybarn, Esq.

Chial Manager.

BRANOLLES-

LONDON

THE CHARTERED BANK OF INDIA, AUSTRALIA^& CHINA.

Incorporated by Royal Charter,, 1853.

THE

CHINA MAIL.

THE HO HONG BANK, LTD.

(Established 1917.)

HEAD OFFICE SINGAPORE Hong Kong Branch: 13, Queen's Rd. C. Authorised Capital Straits $20,000,000] Issued Capital

Paid-up Capital- Reserve Liabilities of

Shareholders

8,000,000

1

4,000,000

4,000,000 2,697,000

Surplus *****

Branches, Agencies and Correspon dents in the principal cities of the .ES,000,000 world.

Every description of Banking and £9,000,000

Exchange business transacted.

TAN ENG HOOI, .£3,000,000

Manager.

HEAD OFFICE: LONDON.

Paid-up Capital

Reserve Fund..

Reserve Liability of Pro-

prietors

Agencies and Branches:

ALOB STAR

BUGHING

MADRAS

AMBITBAR BANOROX BATAVIA BOMBAY CALOUTTA

CANTON

CAWNPORE CEBU

COLOMBO

DELIU ITAITONG

ITAMINO

MANILA

WEDAN

NEW YORK

PEIPINO (Ping?

PENANO

.BANGOON

SAIGON

HRMARANO

SEREMBAN

SHANGHAI

THE NATIONAL CITY BANK OF *

NEW YORK.

HEAD OFFICE: 55, Wall Street. NEW YORK,

Capital, Surplus and

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

Branches in:-

ARGENTINE LONDON

PHILIPPINE

ISLANDS

and

Commerce

Finance

NEW YORK STOCK EXCHANGE.

A.Q.F.C. Quotations.

AN UNCERTAIN MARKET.

New York, Yesterday.

Last To-day's Changes Aver, Aver,

Messrs. E. A. Pierce & Co. re-

EXCHANGES.

TO-DAY'S QUOTATIONS.

On London-en Bank, wire

1/3

Bank, on demand 1/3 Bank, 4 months" sight 1/8% Credits, 4 thonths"

sight

WEDNESDAY, JUNE 29, 1932.

1/3%

Un Parisii

43.18 625

On demand

575

13.45 - .81 17.09

-.03

On Berlin-

On demand .....

Nom

On New York-

port:-Market uncertain. Business On domand done: 800,000 shares.

22%

On Hombay-

Last To-day's Wire Price Price

83%

On demand

83%

.34%

Allied Chemical & Dye 48%

35 45

On Calcutta-

Wire

83%

STRAITS

American Can

40%

31%

On demand

*83%

POOCHOW

HANDOON

HAIFRONG

SAIGON

Foreign Exchange and

General

REPUBLIC

SETTLEMENTS

American Telegraph &

On Singapore-

HAMBURG

SAN TRANCEHOO.

HANKOW

SHANGHAI

HARBIN

SINGAPORE

HONAKEW

BOURABYA

14114

GUMIZI PATANI

SPOR

TIESTAIN...

JOHORE

shorter periods at rates which will be quoted on application.

Banking business transacted.

Current Accounts opened and Fix-ITALY

URUGUAY VENEZUELA

ed Deposits received for one year of Nin and Travellers' Letters

INDIA

Telephone.....

..76%

76%

American Tobaccó "B" 48

48%

On demand .....

54

Auburn

41%

45

On Manfla

Borden Company

201

214

On demand

45%

of

KADE

KOWLOOS KUALA

MPE

Credits, Travellers' Cheques, Bills of Exchange and Cable Transfers J. STUART.

Current accounts bought and sold. Manager.

Canadian Pacific Consolidated

84

8%

On Shanghai-

Gas

New York Drugs, Inc.

.84%

34%

On demand........

76

On Yokoha#---

.2644

25%

24X

On demand

80 nom.

.39%

39%

Sovereigne

(Bank's

จน

0%

buying rate)

1/3/4

.19%

20%

Silver (per OZ.)

16%

Mators

8%

8

Harvest-

Bar Silver in Beng

.11

11%

Kong

Now.

Tel. &

Coppe- Cash

Nom...

314

34

Liggett & Myers "B" 89 Loew's Inc..

.14%

Copper Cents.

1% prem

BS

Rate of Native In-

154

Pacific Gas & Electric 19% Pennsylvania Railway. 7% Radio Corporation

19%

terest

83% Pi

74

Cainese Sub. Coin

30% dis

3

Hong Kong Sub. Cola 4% dis.

10

Standard Oil Company

of New Jersey

Secony-Vacuum Corp.

23%

B

23%

7

Union

Carbide

THE TURN OF THE

Carbon ....

.16%

164

Unton Pacific

.31%

30%

United Aircraft &

Trans.

776

7%

21%

Westinghouse E. & M. 10%

Fossible mutilation,

Baserri Fund .............

Cazilia, Bban phai

0,555,000 1.100,000

LONDON STOCKS.

Hankow

Latest Market Quotations.

June 20 Chinese Govt. Bonds:-

21

Manager

5 Reorgs.

London

1913

614

61

44% 1898 Eng.

86

26

4% 1908

58

59

5%-1012

86

1925 Imperial Rly. 6% S.N.R. 5. 284 Canton Kowloon

82%

714

28

5

Authorized Capital

.£. 150,000,000

.1. 80,039,000 ..£. 20,016,000;

6-10 Tientsin-Pukow 6% 8-13 Tientsin-Pukow 5%

2nd

5-10 8-18

5-10

B-10

5%

S'hai-H'chow-Ning-

po 5% Hukuang 6% Honat

55 12-16* 5-10

55 12-16

Lunghai 5%

BANK.

Subscribed Capital

.$25,000,000.00;

Paid-Up Capital

.$24,710,200,00

Beserve Funds

.$ 3,820,503.82

Marconi 8%

Возркий

1pol

Vickers 8%

7% 6-10 2-8

.

5-10

2-8

Fort Laula

Bombay

Xarachi

H.K. S. Bank

95

95

Calcutta Colorabo

Kota Bhar

Chartered Bank ...

10%

Kuala Lipis

Mercantile Bank ..

16%

-Delhi

Kuala Lumpur

I.C.S.N.

6% ictm.

Olle

Hong Kong Howrah

Kuantan (Pakang) Blogapor Nadra

Bourabaya

pref,

8%

New York

I.C.S.N. def. ord.

2

Gula Kalampong

6/8

8/3

B.A.T. Co. Reg.

70/7

boat-Shell T. & T. Reg.

33/0

A. STOKKINE

Жир Hong Kong, 21st June, 1932,

Travellers Chequre issued.

P. & O. def......

12/9

18/0

58%

Jan. 6% £ Loán, 1924

62

614

and Chi. Eng. & Mining 22/6.

22/6

64%

64%

The

7. D. ROSS,

THE

Manago:

War Loan, 5% Canadian Pacific

102

102

124

1. Quan Road Central.

Hong Kong, 7th April, 1982.

Victory Bonds, 4% Ger. 7% Int Loan

Br.

.70 S'hai Elec. Con. 507

102%

FOR THE MONOKONG AND REANGBAL BANKING COBPORATION.

7. M. GRAYBURX,

Chief Masege

Hong Kong, 27th February, 1932.

THE BANK OF CANTON, LTD.

Established 1912.

Head Ooo-Hong Kong,

Authors Cephal (II.K. Currency)...@31,003,200 Pald-Up Capital

DRANCHES.-

Swalow, Bangkok, New York and San Francis

LONDON BANKER

The Lloyd's Bank, Limited.

CORRESPONDENTS

In all petuoiul ollins of the World..

Foreign Exchange and banking businem of aracy gelatien trumacted.

Bala Dabout Bezos (vociones alive) at a yearly

•comial of from §5 to`pot.

LOOK" FOONG SHAN,

Chlef Manager.

THE BANK OF CHINA.

行銀國中

Reorganised October 26, 1928, under

special charter of The National Gay- einment as an

INTERNATIONAL EXCHANGE

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH:

4, Queen's Road Central

1

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

We also handle the issue of Bonds

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

SAVINGS ACCOUNTS

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

THE BANK OF TAIWAN, LTD. Sears Roebuck

(TAIWAN GINKO.)

HEAD OFFICE: Talpeh, Formosa.

Incorporated by Special Imperial Charter, 1899.

EFFICIENT TRUSTWORTHY-Bank-Notes

RELIABLE-COURTEOUS.

144-160, Des Voeux Rd. C.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(SETHERLANDS TRADING SOCIETY)

"DANKEES.

Kalablilbud 1824.

Hong Kong 0-11, Quesa's Road Central.

Paid-Up Capital Beserves

Kand. Olen —AMSTERDAM“, « Eluen Hind Offs:—BATAVIA.

Branches -Band)traln Dandong Barbay, Calcula Charthou, Djember, Disk Jakarta, The Hague", "Fiddah, Kobe, Muka Medan, Pambang. Paka longan, Penang. Bangoen, Bosterdam*, Bemamo. Banghal, Bngapore, · Soera- bala, Eperakrte (Bala), Tigal, Tjllátjup and Weltevredwa?.

These affices bars Safe Deposit Boxes to Let.

LONDON BANKERS:

NATIONAL PROVINCIAL BANK LTD. •

· Correspondents all over the world. Banking Busi ness of every description transected,

and other Public Funds of the Chin- AMERICAN EXPRESS COMPANY, ese Government both at home and abroad.

Hong Kong, 5th March, 1981.

INC.

Head Office:---65, Broadway, New York.

SHOU J. CHEN,

Manager.

Capital

- THE YOKOHAMA SPECIE BANK,

LIMITED.

Surplus

Reservés

Established 1880,

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

Pirsul

..U.S.$8,000,000,00 .11.8.$1,882,382.04 .U.S.$1,458,115.78

BRANCHES

Azaterda Antep

Cance

Glasgow

Now Naple

HAYSUS

Yen 117,800,000

Baske

Hamburg

Barkin

HATTS

Blandin

Bombay

Blewasala

Leader Liverpool.

Parla Penang Palerme Bevierdam Boose

Lacne

... Zugan

Dennes

Luxor

Bingapor

Colombe

- Marmeline Da

B1, Mori

Contaxifangla Monte Carlo..........

Tlentein

Copedia Mindle

Vlasse

Azburgh

Venhow

Yokohame

Head Office-YOKOHAMA

Branches and Agencies at:

Alexandria

Batavia

Berla

Bombay

Calentta

(Dality)

Fongtien (den)

Hamburg Hanow

Harbin

Hong Kong Honolulu

Landh

Nagasaki

Nagoya

Nowchwang

New York

Osaka

Paris

de Janeiro

Francisco

Seattle Semarang Shanghai Shimoposed

Tlastein:

Bosco Are

Cairo Calorita

Gremere.

Interlaken Torunium

Manich Mouroux

Blasbou Bhanghai

Branches of American Express Com: pany in Pripal cities of United States of America and Canada.

"All clasmas of Commercial Banking

Transactions undertaken.

handled, pe

Investment accounts

The Company offers to int „Travellera the use of its

Chidden" and Retbark of Cre in addition" the world-wide cat faŋthoroughly equipped

Central Back In Formosa.

surd Average amount, 45,000,000 United States Steel 21%

BRANCHES AND AGENCIES: JAPAN:-Tokyo, Yokohama, Kobe, Osaka, FORMOSA Oran. Kagi, Karenko,

Hakong. Nanto, Shinchik, Tatchu, Talo, Takao, Tamu, Toen, Helio, Tello. CHINA";—Shanghai, Kinkar, Am07, Posobow,

Awalow, Canton. OTHERS-Hong Kong,

Singapore, Boerabaya, Sexig Betavla, Bombay. London. Now York, Deirra.

LONDON BANKERS:

Barclays Beak, Lid.. Lloyds Bank, Ltd, Midland Bank, Ltd., Wastminster Bank, Ltd. The Bank has Correspondents in all the principal Commercial Contree, loughout the world. K. MAGURA.

HONG KONG BRANCH:

Den Vox Road Central, -ng-Kong-Drosaber-34, 1981.

THE MERCANTILE BANK OF

INDIA, LTD.

HEAD OFFICE:

15, Gracechurch Blast, London, 2.0.1.

Authorised Capital .£8,000,000 Subscribed Capital..... 1,800,000 Paid-up Capital 1,060,000 Reserve Fund & Rest. 1,217,927 BANKERS:

The Bank of England A Midland Bank, Lad.

Belaria

BLANCHES:

Handy

Penas

(Mauritian)

Rangoon Shanghai

Rimla

RONG KONG DRANOS, Every description of Banking and Exchange

Trustes, and Executorships ander- Jan. 5% Loan, 1907 Itakan.

INTEREST allowed in Current Account Fixed Depoalty w Bates they red Consols ....... on applies tot

LATEST INVENTION American Chemical Diamonds.

17

--Reuter.

TIDE.

Gilt-Edged Securities

Booming.

Events are

steadily moving towards that period of renewed prosperity for which everyone is hoping, writes the City Editor of The Observer. The movement is slow. No reasonable man. could ex- pect it to be otherwise when the world-wide nature of the economic 35% dislocation IB realised. But the 82 movement is there and it is for- 714 ward.

5-10

18

We have reached the period of cheap money which in the past has invariably been the preliminary to better times. The Bank Rate now down to 2% per cent, and al further reduction to 2 per cent, is generally anticipated. Money on de- posit hardly earns its salt and is! being slowly but surely forced into higher-earning securities.

Gilt-edged securities are booming. 104 British credit has reached the per 161/2

cent. stage. There seems no reason

s why it should not rise even farther. Government borrowing on Trea-

sury Bills is becoming less and less 70/3 costly, the discount rate falling to 84/44

under 1 per cent., the lowest figure 53% touched this century.

102%

The Fiscal Changes.

demand for

Investimenti securities is boiling over from the] British Cor-1 12% gilt-edged market.

Iporation stocks are in demand at TO high prices. A case in point is the 50/- Burnley issue of £750,000 in 41⁄2 per cent, stock at 100%, of which 89 per under- was left with the cent. writers. Dealings have been at 156. discount, but the price in now 178. 76d. premium. India and Australian stocks have risen substantially, and there is a demand for first-class in- 41%dustrial and utility concerns", prior

charge issues.

• Unofficial quotations. 1.C.L

ord.

14/4 14/9 26 28/B Courtaulds, ord. Dunlops, ord.

10/6 10/3 Cables &

Wireless

These diamonds are equal to real diamonds

Cables & Wireless respects. "A"

Wireless

Specially in brilliancy of lustre, hardness, etc. Cables &

pref..... Can cut glass like real Proof diamonds.

against fire, fle, seid, water, oil, etc. These diamonds can be washed with soap and water and can be used for more than 100

Price per

carat H.K.$7.50 Terms Cash or C.O.D. Those who purchase diamonds to the value of

yours.

HE.$80 or more will get 20% dis- count. Send your orders direct to the American Chemical Diamond Co P.D. Box No. 240, Penang, 8.5 When ordering mention "Cains Mall.”

Baue

YESTERDAY'S SOLUTION.

AADU

RATE

7%

18

-18%

LOCAL DOLLAR STATIONARY.

Dormant Condition of the Market,

Results of the vast change in the fal policy of the country are mak ing their appearance in the monthly trade returns, April saw, a reduc- tion in imports af: £16,463,046, compared with April last year, of which no less than £9,078,060 was to manufactured goods directly com- Silver was slightly up in London peting with our own industries. and New York, but the Hong Kong The month's exports were higher in unchanged yesterday. value than in any month since dollar was The local, market was dormant, Janndry, 1981, and were £2,209,890,

A In London, sliver was up 1/16th more than in April last year: spot and forward China bought,As Mr. Chamberlain warned us, and there was small business

* quiet market. After the official we are not yet out of the wood. Grave Internal problems, such as the fixing, the market, ruled

overwhelming burden of taxation with no special feature,

and the great bulk of unemployment have to be dolved DE

ew Yor

16th

qulet,

up

rave

The SAFE brand of Aspirin

To relieve the pain of Headache, Malaria. Dengan, Toothache. Heststroke and Neuralgia, and te soothe the nerves in cases of Sleeplessness, Over- exertion. Excitement and Irritability.

LOXLEY & Go..

Agents.

To obtain the best results, Genssprin should be dissolved in a little water:,

Made by GENATOSÁN LTD, LOUGHBOROUGH, ENGLAND.

--DAILY CROSSWORD PUZZLE.

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

18

19

120

23

6בן יידון כי

*7

150

57 158

la

166

HORIZONTAL

1-Anger 4-Inequafitién, s-Before

4-A heavy'nal

14-A rodent

15-Stake in cafès:

| HORIZONTAL (Cont): 81-Paid (abbr.)

53-Either 83-Loaded ||67~Afternoon parties 5-Man's name date

17-One who consumes: 62-8klif

food

18-Country road

19-8olled, spot

64-Examines 65-A constellation

21-East Indies (abbr) [67-Dacorate 22-Exlat, Terapietra VERTICAL

29-8pirited horsem 3526-Relax yea

29-Benlor. (abbr.) | 30-Burford Bra 53-Assault, as of troops 35-Band forward 36-Old Testament 37-A bullder

-Dread

|

6)

162

VERTICAL. (Cont.) 24-A forward

movament 25-Traced: baok ||26-Peroh - 27-Penetrate 28-56cretary of Bizta.-

(absbr.) [31-Knota: 2,

32-The fast part of a Hyrlo poem,

34-Prafici Adress' |35–Sörles 29

40-Guides

42-Father

2-A vass with a foot 44-The nest of, në dugle

- teápa, no fluxojj|46-A-Helmenan'. 5-Mazzure of weight. 48-Army

6-Boy's name: (short)|4B.Vahloles for moving. 7-Blocky part 163-Heavenly body

turniture S *pfant

10-Removed the skin of 54+P

55-Darling

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