1932-08-06 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorised Capital

0,000,000 loud and Fully Tald- 20,000,000 Her Fands-

Bierling

BUT

4,500,000 $10,000,000.

Habarre Labily, of Propriators 20.03,000.

BAD OPRICH HONG KONG.

BOARD OF DIRECTORS;—

Hou, Mr. J. 1. Paterson.

Chairman.

T. E. Par Esq. Deputy Chairman.

How. Mr. . . Dell;

EL. Dom Lou,. Heg.” 12. Johnson, Baj.

Makin, Esq.

AMOY

BANOSOX

BATAVIA

BOMBAY CALCUTTA

CANTUN CHEPOO

1. A. Plumbİ

T. H. A. Shen, Eng

J. P.. Warren, Ring:

V. M.. Qeyburn,, Raq, Chief Manager:

BRANCHER 1

LONDON

LYONS

KALACCA

WURDEN

PANG

RANDOUN SAIGON

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

THE HO HONG BANK, LTD.

{{(Established: 1917.)

HEAD OFFICE:-SINGAPORE LOCAL BRANCH ~

18, Queen's Road Central

Authorised Capital' Straits $20,000,000

fasued Capital

8,000,000

Paid-up Capital

4,000,000

Shareholders

4,000,000

Incorporated by Royal Charter, 1853. Reserve Liabilities of

BRANCHES and AGENCIES in the principal cities of the world.

Every description of Banking and Exchange business transacted.

KO LEONG HOE,. Managing Director,

HEAD OFFICE: LONDON,

Paid-up Capital

Reserve Fund

£3,000,000 .23,600,000

Reserve Liability of Pro-

prietors

£3,000,000

Agencles and Branches:

ALOR STAB

THE NATIONAL CITY BANK OF NEW YORK.

KUCHING

HEAD OFFICE: 55,' Wall Street, NEW YORK.

AMBITSAR BANGKOK BATAVIA". BOMBAY CALOUTTA

DANTON CAWNYORS CEBU COLOMBO DMLAI TIPHONG KAMBURG

RANKOW

HARBIN

HONG KONO

MADRAS

MANILA

MEDAN

NEW YORK

PEIPING (Paking)

PENANG

RANGOON

SATOON

BEMARANG

BEREMBAN

.RICANDILAT

"RINGAPORE

SITIAWAN

SURABAYA

TAIPING

TIENTSIN

TSINGTAO

THE CHINA

MAIL.

Capital. Surplus and

Undivided Profits U.S.$225,503,775,00 Branches in:-:

ARGENTINE

BELGIUM

· BRAZIL **

CHILE

CUBA

PHILIPPINE.

LONDON

MEXICO

MANILA

PANAMA PERU

MGAH (Jebars)

ILOILO

[POTT

CHINA

KARACHI

NEW YORK

TONGRAH (Bhndet).

COLUMBIA

ISLANDS

KLANG

COLOMBO

STORE

DAIKEN

ΤΟΚΟΝΙΑΜΑ

KUALA LENI x

FOOCHOW

ZAMBOANGA

DOMINICAN REPUBLIC

HAIPHONG

BAMBURG

HAN PRANCIAEO

Foreign Exchange

and

HANKOW

BHANGHAI

Banking business transacted:

General INDIA ITALY

PORTO RICO STRAITS

URUGUAY VENEZUELA

HARMIN

SINGAPORE

BOURADYA

HUNDEL PATANI

TIENTRIN

TOKYO

TSINGTAO

YOKOHAMA

BONOKKW

LOILA

ГРОН

2010

IONE

KOWLOON

KUALA LUMPUR

Current Arraunsa epened in Local Ouray and Fized Deposits ronived for one year shorter periode in Local: Compeas and Rterling esserm which will be quoted an application. "Hong Kong, dib. April.. 1972.

HONG KONG SAVINGS BANK.

The Buds of the above Beat Je conducted the BONOBONG AND HANDRAI BANK 10 CORPORATION. Halm usy be ybbled ・me application.

FOR THE KONGKONG AND BHANGRAI LING CORPORATION.-

7. M. GRATBURN,

Chiet Manager.

Hong Kong, 27th February, 1932.

THE BANK OF CANTON, LTD. Established 1912.

Head Office-Hong Kong." Authorimad Capital" (.K. Correary) ...$11,500,000 Pald-Up Capital

Koorvi Fund pkman

Canton

*NKANCHES-

8,064,000 1,100,000.

Shanghai, Bankaw. Swajow, Bangkok, New Tark and Sea Frasco

LONDON BANKERS ↑ ----

The Llard's Bank, Limited. CORRESPONDENTE.

In all principal, ofis of the World.

Foreign Exchange and banking business of

erry dewription transacted.

Bale polt Bases (various sisse), as a yearly

rental of" from $5 to $40.

LOOK POONG SELAN,

Chlef Manager.

THE BANK OF CHINA.

tr.38

國中

Reorganised October 26, 1928, under special charter of The National Gov ernment as an

- INTERNATIONAL EXCHANGE

Subscribed Capital

BANK.

.$25,000,000.00 200.00 .$24,7 -$ 8,826,03.82

Paid-Up' Capital ... Boserve Funds

HEAD OFFICE: SHANGHAI,

HONG KONG BRANCH:

4. Queen's Road Central."

Owing to our numerous branches in China and large connections in the im: partant commercial centres of the world, we are able to extend to our clients special facilities for domentie

and foreign banking and exchanges.

We also handle the issue of Bondi

Current Accounts opened and Fix-JAPAN ··

Manager.

THE NATIONAL COMMERCIAL

SAVINGS BANK, LTD.

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

to

R. M. MCLAY,

Hong Kong, May 19, 1932.

Manager.

Commerce and

Finance

SHARE MARKET

Weekly Reports By Brokers

G. A. HAKRIMAN.

quantity at $4.80/.90, closing 'with buyers at $4.85.

SATURDAY, AUGUST 6, 1932.

Canada's Trade With

South China

Possibilities Of The Orient As A Market

OUTCOME OF OTTAWA CONFERENCE

MAY MEAN FIRMER FOOTING

Other Commodities.

Hong Kong, August 5. Mr. G. A. Harriman's weekly share report and market

Improved rate of $78. Hong Kong issued at noon, states:---

The market during the week Realties eased off a little with Ottawa to find a means of obtain and commodities (Canadian valua "vegetables, tion): Fruits and Ing & firmer footing on the Hong $18,192; grains other than "osts, under review was rather quiet as shares offering at $10.80.

Cotton Mills.-Ewos were very Kong market and” the large terr*- $6,951; milled cereals other than business was concerned but with the exception of Cements all stocks steady and were transacted at Tlstory of Southern China which it wheat flour, $25,421; prepared cer

Hotels and Real Estate-Hotels

Canadian exporters have been

In addition to the above Canada the Empire Hong looking forward to (old) were a shade better and were transacted at $10.55/60.

exported in the past fiscal year to, review Kong Lands were realised at the Economic Conference to be held in Hong Kong the following goods

4

showed a tendency to harden and 13%, closing with buyers at Tls.

Cements clos- Public Utilities.-Trams

4

serves.

official eals, $11,448; roots and herbs, $27,- According to in some cases substantial advances 15.60.

main- figures issued by the Statistical 239; breeding cattle, $15,000; lea ther, $83,296; butter, $8,924; are to be recorded, SETTLEMENTS ed at $15.80 after business done attained their strength, business hav- Office of Hong Kong, Canada in cheese. $4.627; textiles," $6,630;

$15.80/16.30 cash. Lights were ing been effected at $22.90 to $28.

1931 pnjoyed slightly under 107 iron pipes 814,196 wire, $2,327; stronger at $18. Realties were Star Ferries changed hands at $92

at per cent. of her total imports and automobiles and parts, $12:198; Hotels and more shares were wanted quiet around $10.30, but

only 3.7 per cent of the total im-aluminum in bars, $4,487; lead in A fairly ed Deposits received for one year or Commercial, and Travellers' Letters were better at $10.60. Raubs ap-$93 towards the close.

pigs, $12,677; zinc apelter, $2,527; shorter periods at rates which will be of Credits, Travellers' Cheques, Bills

The demand in large amount of business was done! ports from the British Empire. quoted on application.

of Exchange and Cable Transfers Preciated to $39. bought and sold. Current accounts the investment section continued in China Lights at $17.75/18.00, On the other hand, while off-storage batteries, $2,726; electric A. H. FERGUSON,

at the latter cial figures from Hong Kong would instruments and apparatus, $3,617;. paints, $4,932; drugs, $6,308; pack- and Savings Bank accounts opened and with Lands firm at 8774, Trams closing in demand

Electrics experienced a big, indicate that Canada took only ap Fixed Deposits in local and foreign steady at $22.90, and Electrics [figure. Hong Kong. 8th July, 1932.

currencies taken at rates that may be jumping to $78.Telephones also and sharp rise and were done as proximately .04 per cent. of her ages and containers, $11,288; house- ascertained on application the Bank.

were high as $73.- Telephones (P.P.) total exports in 1981, it must be hold goods, $1,629; piano, parte, We are also able to offer our Cus. Improved to $24. Wharves

considerable $8,946; and aeroplanes, $5,130.

On the other hand, Canadian im- tomers the services of the. Branches wanted at $140%. In the sterling jumped up two points during the remembered that of the International Banking Corpora- section, Unions remained steady week, the market closing with buy- quantities of her shipments of goods porte amounted in the last fiscal

to the United States are destined & do in Spain and also of The National around $485, and a few Banka werelers at $24.

year to $660,989 and included among City Bank of New York (France), done between $1,620 and $1,695. Miscellanteus.-There was a fair for consumption in Canada. S.A., in Paris and Nice.

(comb.) at Canadian business men are alive others the following articles valu- ed in Canadian money:-Fruits The tone of the market is decidedly turnover in Cements

corresponding to the possibilities of the Orient as better towards the close...

$16.80/16.30 and

$19,088; vegetables, $48,660; Banks-Hong Kong and Shang-rates for forward deliverles, more a market and only the present

grains, $270,415; nuts, $3,984; oils, hai Banks were the medium of a shares could be placed at $15.80 at world-wide state of trade depres-

655; ta, 133,818. s. valued at THE BANK OF TAIWAN, LTD, fair turnover at $1,620/85 closing the close. Hong Kong Ropes were sion is preventing "extensive de $20,030; sugar, $31,324; spice, $10,-

in demand at $1,500. Bank of a shade easier and could be obtain-velopments in

$19,698; Ash, $55,156; silk, $11,085; (TAIWAN GINKO.)

East Asias were quiet, but there ed at $12.80. Dairy Farms main-trade. Canada occupies the most other textiles, "$4,691; wood manu

tained their strength and were Infavourable position of any nation | were some enquiries at $107.

Insurances. -Union remained demand at $2734 without attracting in relation to Oriental trade. The factures, $13,700; paper, $8,916; steady and were done at $485. any sellers. Sinceres continued steady crack Canadian Pacific Ocean books, $4,385; drugs, $18,035; ex- China Underwriters attracted some with buyers prevailing at $15.75 Steamship liners ply regularly from plosives, $6846; perfumes, $519

chemicals, $11,195; containers, $18,- 673;

and household goods, $6,957. attention and a fairly large num- Lane Crawfords were wanted at Vancouver to Hong Kong while a Hong Kong Amusements number of small cargo vessels oper- ber of shares changed hands at 854.

enquired were

$194.ate constantly between these ports. $2.80/3.00.

The Canadian Government has offer Shipping-Hong Kong Steam- Entertainments

(old) done much in the past few years boats Improved a offering $22. Union Waterboats after having been dealt in at $7.50 to make possible the development continued in demand at $20. eased off a bit at the close, and were of trade between Canada and the Stock Exchange issued yester

Orient. A Canadian Trade Com day Docks, Wharves and Godowns.-done at $1.65/1.70.-

The past week has witnessed a Days:missioner is established at Hong Wharves changed bands at $189/ Forward 1402 and more shares were wanted. August 30, September 27, and Octo-Kong to serve the extensive. terri general upward movement in al- Providents (old) were done inlber 25.

We offer good rates of interest. TOTAL RESOURCES

$19,000,000

HEAD OFFICE:Talpeh, Formons

Incorporated by Special Imperial

EFFICIENT TRUSTWORTHY—Bank-Notes

RELIABLE-COURTEOUS.

144-150, Des Voeux Rd. C.

NEDERLANDSCHE` `HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING SOCIETY),

→ SANKED.

Established 1834,

Hong Jong Office:-il, Queen's Bond Central.

·

Authorized Capital Paid-Up Capital Reserves

.1.150,000,000

1. 80,030,000 1.20,015,000

Feed Office-MSTERDAM". Eastern Head 00:—BATAVIA.

| Besuches :---Bandjarmasin,.... Bandowng", " Bombay, Catentie, Cheriton, Djember, Djak. The Engsa", "Jiddah, Keba, Malchowe, Medan, Palembang. Paka longan, Penang Bangoon, Botterdam*, Semarang". Shanghai, Singapore, Boera bala, 60leskaria (Bola), Tagul, Killating and Waltavadno " *Then click vs Sala" Deposit Boxes to Let'

LONDON BANKERS —– NATIONAL PROVINCIAL BANK LID.``

Carreplents all over the world."Hanking Buel pass at every description transnotadi, ularn

A. STOKKIKE..

Hong Kong, 21st June, 1982.;.

THE

Charter, 1899.

Central Bank in Pormons.. BRANCHES AND ADENCIES: JAPAN-Tokyo, Tokohama, Kobe, Ducks.

lasand Average amount Ton. 48,000,

FORMOSA:Ciran, Kagli Kranke, Keelung.

Kalong Nente, Shinchiku, Taichu Tai Takso, Tamaui, Toen. Hello, Talsa..

little, buyers at Sinay Poochow CHINA-Shanghai, Hankow.

Bialows Canin

OTHER Hong Kong, Bingapore, Routabaga Setparang, Batavia Bombay, London, York, Dalrea

LONDON BANKERS -

Barclays Bane, Ltd., Lloyds Bank, Lid Midland Book, Lid, Westminster Bank, Lid. The Bank has Commependente iz all the principal

Commerels Centres throughout the world. E. NAOURA

BOND LONG TRANCE:

Den Van Bord Central Bong Sang! December H, 1981

Manager.

THE MERCANTILE BANK OF

INDIA, LTD.

HEAD OFFICE.

15. Graschah Streal, Tonda, 3.0.8,

Authorised Capital

£3,000,000

1,800,000 Subscribed Capital ............ Paid-up Capital

1,050,000 Reserve Fund. & Rest 1,217,927 BANKEES:

The Bank of England & Midland Bank, Ltd. BRANCHES 1

Ipah

Kands

Karachi

WHOLESALE PRICES FALL

Decreases During June Quarter.

$134

for

at

were

Construction

Sattlement

110

11

Canadian-Chinese

central

LOCAL SHARES.

The official summary, of "the

tory including Southern China, the most all seations of the market, Phillippines, British North Borneo the rise being quite substantial in and Indo-China. Another Cana- Canton Insurances, Electrics, Star Trading on the whole was not on Hong Kong during the June quar-dian Trade Commissioner is locat Ferries and Telephones (P.P.). ter of 1932 showed on balance gen-ed at Shanghai to serve eral average decreases of 4 per China and another one at Dairen to the heavy side, but it is satisfac- as compared with the first serve. Manchuria. Canadian Trade tory to note that the bulk of such quarter, and 7.2 per cent. as com- Commissioners are also located at business as has transpired was for pared with 1933, there being in- Batavia, Java, at Kobe and Tokyo, cash.

Closing tone firm:- creases of 18.6 per cert. and 26.7 Japan and a Canadian Legation la per cent, as compared with 1924 established at Tokyo. and the base year of 1922 respec- tively.

'cent.

Visits to China.

As mecsured at the Statistical Branch of the Imports and Exportą. Department wholesale prices in course, of, price changes since ment through the Department of

The following table shows the

Qtr.

1913:-

Bangkok

Belaria Bambay

Calestia

Kota Bharu

Colombo Delhi

Kuala Lipis

Forsig Fort Louis

(Mauritius Bangoon Shanghal

Groups

1913

1924 1931

1922 100.

1st- Qtr.

2nd

3rd

Qtr.

4th ist Qtr.

Kuala Lumpur

Simila

Ав

Kuanian (Pshang) : Singapore

Hong Lear Hayra

Madras

Bourabaya

New York

Foodstuffs Taxtiles Metala Miscellaneous.

HONG KONG BRANCH.

Every descripsist of Banking and-Zsxbangs bead-i |nasa: tranensted..

Trevallars Chaque laanid.

Trastee and Executorships under- taken.

INTEREST loved on Current Accounts and 20ind · Deposite of Réfor that may be ascertained on application.

J. B. ROSS,

Hong Kong, 7th Apri.: 1982

and other Public Funds of the Chin. AMERICAN, EXPRESS COMPANY. % goet's Bond Coral

see Government both at home and). abroad:

SHOU J. CHEN,

Manager Hong Kong, 5th March, 1981:

INC.

·Hend Office2-65, Broadway.”

New York.

THE YOKOHAMA SPECIE BANK, HIMITED.

Capital Surplus

Established 1880..

BRANCHES

Ten 117,800,000

Capital (fully paid-up) Ten 100,000,000 Beserve Fund'

Head Office:YOKOHAMA,

Branches and Agencies at:

Alexandria

Baturin: Berlin

Bombay Calcutta

Nowobway

U.S.$6,000,000.00 U.B.$1,882,283.04 US$1,488,115.78

inclinavodil_newrican: Dari Cam

in Principal citiae of United

of America, and

Manage

· UNCLAIMED TELEGRAMS.

The following unclanned teles gram is lying at the Eastern Ex tension Telegraph Co.'s office:--

Hector Fuentes, Repulse Bay Hotel, from Cordobaargentina via Radlar.

6. G. CLARKE,

Manager. Hong Kong, August 4, 1932.

Average

2nd Qtr."

In addition the Canadian Govern-

Trade and Commerce häs done much to assist direct shipping 'be- tween Canada and the Orient. Can- adian business men in recent years

1931 1981 1931 1931 1932 1932 have, paid frequent visits to China and are prepared to extend" their 73.8 106.1 144.8 144.1 147.3 142.2.148.7 129.6 130.1 activities when the occasion war. 55.1 112.5 185.8 147.9 148.1 128.7 123.6 185.6 125.5 rants: De

68.2 102.3 140.0 138.5 143.8 143.3 188.2" 137:0. 188.2 Canada's growth as an industrial 64.2 106.3 126.4 129.7 127.5 118.6 125.5 125.7 109.9nation is demonstrated by her

64.0 106.8 196.6 139.8 140.4 133.2 1327 182.0 126.7 ever increasing penetration into foreign markets which were pre- viously supplied almost exclusive-

WORLD

DECLINE IN

TRADE. German Summary Of The Position.

SAJA PRICES RECEDE

of deposits have stopped. Banksy by Great Britain, the United have Improved their liquid position States, and Germany.

Canadian trade with China and and the Money market has begun to

other countries of the Orient have function. The

capital market,

increased considerably in the past, however, remains completely frozen. The tendency to a freer movement decade, although It has been affect- in the Money market has made its ed in the past two years by the greatest progress in London. In general world-wide depression... other countries the increasing Export Decrease liquidity of the banks has been ac- Although the total value of Can The quarterly review of the companied by restriction of credits ada's exports to Hong Kong in German Institute for Konjunktur- so that the deflationary pressure the past fiscal year (ending March {31st last) ・・ was only $1,484,659 as forschung (the Study of Trade continues. Movements) states that, generally as to whether relaxation can de- compared with $1,961,854 In the speaking, the international crisis velop further will to a large extent preceding year, the decrease Is continues. Production, prices and depend upon pending decision in mainly accounted for by the de turnover continue to recede. Apart world politics. For the moment no crease in the value of commodities from Germany, France and the recovery in production or employexported, as many of her chler

commodities sent to Hong Kong | United States are most severely ment can be counted on. The following Fanclaimed tele affected. In Britain, on the other

Position of Industry, showed an increase in quantity last grams are lying at the office of hand; the general backward move- As regards the position In Ger- year over preceding years. Canada's the Great Northern Telegraphment has been stopped, and in some many, the Review says that no chief exports to Hong Kong con- Company (Limited) of Dan of the overses countries producing signs of à general improvement can sist of whast four, osts, fish, eva- mark:

zaw materials it has been slowed be observed. As a whole, the posi porated milk, newsprint and wrap Mr. Charles Thom, 201/207, down." The crisis in East Euro- on of industry has

try has deteriorated, ping paper, chemical fertilizer. has risen, while pro- boards; and planks, squered timber Shemshulpo, from Kobe.

turnover are on and hardwood logs... The following table shows the quantity of such coun- commodities exported by Canada to Kong in the past three fiscal years anding March 31st: ht

Dean agrarian countries has been

The decline in world trade

Miss Sonia Tranch, Thoa Cook, intensifed from Shanghai...

12- been particularly severe as a res

of the growing policy of isol

+3

BUSINESS DONE DURING

THE WEEK H.K Banks, $1,620, $1,630. Canton Insurances, $1420." Union Insurances, 3485. China Underwriters, $2.80, $8. Hong Kong Steamboats, $22. H. K. & K Wharves, $139, 81404. H. K. & Whampoa Docks, $18%. E. K. Hotels (old), $101⁄2, $10.55,

$10.60.

HK Lands, $77, 8774, $78. Humphreys, 31815,"

Chinese Estates, $105.- H.K. Tramways, $28, $22.90. Star Ferries, $91, $92. China Lights (old) $17.60, $17.80,

$1734

BAN

C. Lights (new), $17%, $171⁄21⁄2. H. K. Electrics, 8741⁄2, 376. $76%

-$77.

Telephones (P.P.), $21,80, $22.60. Cements (combined), $18.15,

$16.10, $16.

Dairy Farms, $271⁄2 Constructions (old), $7.70, Constructions (new), #14 Kailan Mining 28/82 Ewo Cottons, 11.184. CHANGES (3.15 pm) CLOSING QUOTATIONS Buyers

H.K. Steamboats, $224. Hong Kong Hotels (old), $10.65 Hong Kong Tramways, $22, Hong Kong Electrics, Dairy Farms $27.40.

gales.

Hong Kong Lands, $78. Chinese Estates, $105. Hong Kong Tramways, $22.99. Dairy Farms, 217

Hong Kong Hotels (old), $10 Dairy Farms,

Cements (co

$16. Constructions(old), $7.70. Ewo Cottons

1980

287-149

8,892

262,877