1932-09-16 — Page 4

DANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.<

Authorised Capliat

Iswed and Pally Fald-up

Reserve Funds

Bering 4,000,000-

Birst $10,000,00

· BSA, DOH,000

30,000,000

"Maserre Liubilly of Proprietors.....$20,000,000

HEAD OFFICE: HONGKONG.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

THE HO HONG BANK, LTD.

(Established 1917.)

HEAD OFFICE: SINGAPORE. LOCAL BRANCH:

B) 11, Queen's Road Central

Authorised Capital Strata $20,000,000

THE CHINA

Issued Capital

8,000,000

Paid-up Capital

Incorporated by Royal Charter, 1858. Reserva Llabilities of

HEAD OFFICE: LONDON.

Pald-up Capital Reserve Fund

BOARD OF DIRECTOES |——.

Reserve Liability of Pro-

prietors

23,000,000 .£8,000,000

.£3,000,000

Agencies and Branches:

ALOR STAR

XUCHING

KADNAS

MANILA

Hus. Mr. J. J. Patron. Chairman.

T. EFuarca,. Eaq, Deputy Chairmes.

Hen. Mr. W. I. Bali, ▲ B. Compton,. Exşı B. 1. Johnson, Esq. Miskin, Beq.

MOT

BANGKOX

1. A. Plummet, Bag,

T.. E. 1. Shaw, Reg.

2. P. Warren, Cas.

V. M. Grayburn.. Kəş, „Chief Manager.

BRANCHES-

,,LONDON

LYONS

MALACCA MANILA

(Johor)

MULDEN

NEW TOPI

PEIFING

PENANG

RANOOOK

·BAIGON

"BATAVIA

BOMBAY

CALCUTTA

MUA

CANTON

CHEFOO

VATREN

Pod10W

HAIPHONO

HAMBURG

HANKOW

GAZEIN

BONGKEW

ILOILO

JOHORE

KODE

ТРОЯ

KOWLOON

CALA LUMPUK

BAN FRANCISCO "

SHANGBAI

SINGAPORE

BOURABAYA

HUNORI PATANI

TIENTSIN

TOKYO

TSIRO1AO YOKOHAMA

Current Accounts spened' in Local Curtansy and Mad Deposit received for one year of shorter periods in Locni Cursory and Sterling on terms which will be quoted on application. Ang Long,.dik Apr, 1987.

HONG KONG SAVINGS BANK.

...

Tar 'Bukiness of the abone Heak in vndurka HONG KOND AND SILANOBAL BANK

ING CORPORATION. But may be shininad,

best

FÜR THE RONGKONG AND BHANGHAI AYING OORPORATION.

V. M. #BAZAURY,

Chan!“ Kaunger.

Hong Kong, 27th February, 1935,

THE BANK OF CANTON, LTD.

Established 1912.

Head Office-Hong Kong.

Authorised Capital (H.K. Currency)...$11,000,000

Paid-Up Capital spennan

Beurre Fund monalis

BELANCHES--

2,500,000

1,100,000

Canlon, Shanghat Hanhow, walow, Bangkok, New York and Ban Francisco,

LORDON BANKERS:~

The Lloyd's Bank, Limited.

CORRESPONDENTS

fos-at-parimal pal olidm of the World.

"Bhupala, amokante and banking business o

eracy

Matplion transacted.

Deposit Bocas (various slow) aš u yourly

rental of from 15 to $40.

LOOK POONG SHAN,

Chief Manager.

AMRITSAR BANGKOK BATAVIA BOMBAT CALCUTTA

DAWYPORK

CANTON

DEBU

COLOMBO

DELEI

HALPHONG

YEDAT

NEW YORK

FELPING (Peking). FENAND

MANGOOX

SHANGHAI

BALGON

JEKARANG

SEBAMBAN

HAMBURG

HANKOW

ЯІНОАРОВЕ

HARBIN

SITIAWAN

HONG TONG

SQUBADATA

ILDILO

SAITING

TROK

TIENTRIN

KARACHI

TONGRAH (Bhut

KLANG

TRIKOTAO

KOBE

——VDLOHAMA.

KUALA LUMPUR

ZAMBUANGA

and

General

Shareholders.

4,000,000

Commerce and

Finance

000,000 NEW ZEALAND

INSURANCE CO.

BRANCHES and AGENCIES in the principal cities of the world.

Every description of Banking and Exchange business transacted.

KO LEONG HOE, Managing Director.

THE BANK OF TAIWAN, LTD. (TAIWAN GINKO.)

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

Central Bank in Forms Bank-Notse tarsad Average Amount Ten. 45,000,000

BLANCHES AND AGENCIASJAD

JAPAN :—Tokyo, Yakobama, Babe, Osaka FORMOSA-Gina, Kagh Karenko, King, Kakong, Kane, Bhinchiku, Tahu, Ta Takao, Tamui, Toan, laita, Talla CHINA hangbal, Hackow, Amoy Fooshe

Systow, Canton.

OTHERS-Boug Kong. Slagspors,

-York:Datre18,

Foreign Exchange Banking business transacted.

Current Accounts opened and Fix- The Bank har Corrispondente in wil the principal ed Deposits received for one year or Commercial Centres throughout the world. L NAOCRA

Manager: shorter periods at rates which will be

HOND LONG BRANCH: quoted on application.

De Your Road, Central Hong Kong, December H, 1981,

A. H. FERGUSON,

Manager. Hong Kong. 8th July, 1982.

"THE NATIONAL COMMERCIAL & 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. Co

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

INETHERLANDS TRADING SOCIETY,

BANKERS,

Established 1894.

Hong Kong Offor:-11, Queen's Hood Central.

THE BANK OF CHINA.

行銀國

Authorized Capital

Paid-Up Capital

Reserves

Reorganised October. 26, 1928, under

4

•pecial charter of The National Gov- erument 45 an

INTERNATIONAL EXCHANGE

BANK.

..$24.7

Subscribed Capital

"Paid-Up Capital

Reserve Funds

$25,000,000.00 200.00

.$ 8,820,508.82

HEAD OFFICE: SHANGHAI.

HONG KONG BRANCH:

4, Queen's Road CentreL

.1.150,000,000;

.1. 80,080,000

.1. 20,015,000)

Head Office, AMSTERDAM®. Eastern Head Oơn ---BATAVIA.

Branches --Bandjarmasin, Bandosny”, - Bombay, Calcutta, Oberibou, Darbar, Djok Jakaria, The Hague', Jiddah, Lobe, Kakar. Medan, Palembang Pika langen, Papang, Bangoon, Bottardam, Semarang, Shanghai, Bingspars, Bosen. bale, Goerakaria (Sola), Tegni, Tistat|am| sad Waltersedea".

* These offoes have Sale, Deposit Boxes to Let

LONDON BANKERS (- NATIONAL PROVINCIAL BANK LID.

Correspondante all over the world, Banking Sust - nam of avery description inasmucted.

▲ STOKKINE,

Owing to our numerous branches in Hong Kong, 21st June, 1982.

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 exchanger.

We also handle the issue of Bonds and other Public Funds of the Chin- 486 Government both at home and abroad.

SHOU J. CHEN,

Po-Manager. Hong Kongisth Marchini 981

THE

AMERICAN EXPRESS COMPANY,

INC

Head Office: 65, Broadway,

Capital

THE YOKOHAMA SPECIE BANK, UMITED,

Surplus

Reserves

Established 1880.

Satisfactory Year Reported.

EXPENSES REDUCTION

NEW YORK STOCK EXCHANGE

FRIDAY SEPTEMBER

કાકાએ

$1932:

કહ્યું

HONG KONG STOCK EXCHANGE.

Opening Daily Official Quotations, Sept. 16, 1932. Next Settlement Day, Tuesday, September 17th, 1932,

Buy Sell Sales Nom

STOCK

C

Banki

Hong Kong Band ... 1590 (Lön. Reg.) Chartered Bank, mi

A. O. F. C. Quotations. Mercantile B., Akb

30: Industrial

New York, Yesterday,

.**

Bank of East Asia. .......5 Amer, O, Fin, Corp.M Ch. Pin. Cor. Ord, Tix.

** Pref. T Insurances

Canton Ing.

Last Today's Changes Avar. Äver. Mas

65.58 67.94 – 2.06 up The annual meeting of ahare 20 Rails 29.71 $1.28 1.57 up holders of the New Zealand Insur20 Utilities 28.80 80.12 1.32 up

Messrs. E. A. Pierce & Co. Re- ance Company, Ltd., was held at Auckland, on

August 2, when a port:The market indicates a con- Union im satisfactory year's operation was tinuance of rather narrow trading China Underwrites. $9.85

range. In other words there China Fire In, S reported.

During his address, the Chair seems to be a fair to good,,suppor K. Fire Ins.......

Just underneath and, at the same

time,

H. K. Steambo $ 98 Last To-day's Indo-China (Prof.)---*| Price Price

(Del.)...$

58

36

Shell Bearerüdf 74% Union Waterboats. 52

-110%

· 78%

Air Reduction Allied Chemical & Dye 73. American Can American Telegraph &

Telephone

i§ 173

man, Sir Alfred Bankart said:

no disposition to follow insnational Assce, Tla. Your Company has shared the

| through"" aggressively on small! Shipping

rally. experience of all other Underwrite§3.

Business done: 9,100,000 Douglases Rosays in the matter of premiuza income

shares, Semarang, Batarin Bombay Londos. Kew which has fallen by £94,907 to 31,050,350. Causes for this need- LONDON BANKERS : Barclays Bank, Ltd.. Lloyds Bank, Ltd

no recapitulation, and the result of Midland Bank, Lid... Wasiminster Bank, d.

our underwriting fully justifies the policy of the executive in refraining

50% from the acceptance of any business of an unduly hazardous nature.

:10844 You will agree, I am sure, that it American Tobacco "B" 75 would be unwise to bolster up In-Anaconda Copper Min.

ing

10% come at the expense of sound

Auburn underwriting.

Low and uncertain values of all commodities, and of buildings, have called for steady réductions in the amounts of cover granted, and con- tinued reduction in premium income must be a natural consequence until the various problems with which all countries are beset, are advantage ously solved

For

TONE, QUALITY, BEAUTY, DURABILITY,

obtain the

Borden Company Canadian Pacife Consolidated Gas of

New York Drugs, Inc. Du Pont de Nemours Eastman Kodak General Electric General Foods General Motors International Harvester 18 International Tel. *

Tel.

10

New Jersey

Benguets

-Mining

Kailan Mining Ad. */-

19% Langkan...TH.

S'hal Exploration...Tu

Loans.......Th.

Ratabs-5 104 Venezuela Gold Fields $2.99 Benguet Explondons $

Docks, Wharves, Godowai, &c.

H. K. AK. Wharves $

*28

*4*41

܂܃ ܃ ܃ ܃ ܃ ܐ ܕ ܃

TILBA

UMURT

·Last dividend, and when paid:

Caterin' $10_1/%{~67;4; Dec.

Doc. Int.7% Sub, to ITkrive l

· Deo. } { Final BX Ivon UTax

making 13%, für 1984 |

| Dec. | 81. for Luž.

no

Doo

11010.

1497

1690

Pin. § @bon. §5 for 1987) In Messi 848 Aja 1983

Siani 10):401 169050

Dec. Xone

| Fland 39 bonus

Dee. And for 1950

Interis: $3 2 1001 1900.50 and Bonus $1.

making $53. für 1957,

... 120

Dec.

Dee. Last dividend for 10 Dec. | Laub dividend for i

12. 02. 1-1 on proferim

[185,13) for Uki Maxi, 1925

Let dividend for 199

[63] Dios Coupon No. 1

Dec.

IM

Dec.

Seal, Inc, CERTO we'l

[Aug. 8, 32

May

June 19,

1 Free Ifix for 1951

July 6,

Scents for 1991.

Mar. 30,

June 30,

May

May : 8, r

Feb. 6, 'Sept.

22/0 Jane % LA 'part 4

for your 20-6-53

Dot. T. 0.50 hr year £3-10-29

2.10. None

$1.90 Deo,Pinal T. 0.33

waking 1.9.50 for 1980,

Mar. Sound (at 21 Jahr J'AI Juan

...Oct. Der.

June

Doo.

1.90

Sec. are

for 1951:

Mar. 19,

Deo,

Deo. | Last, dividend for 1994..

16 went on 'oldĮ

1. B. cents on new) for 11. Mar. 24. 33. Dec. Fin. T.11 making T.14 for 1983: May 13, P. Dec.To.th for 1951,

Apr. T. 6'or rene Wi4-12

82 404 28.

294

.

154

1814

Missing 57

424 49%%% 34% 3714

49

59.

16%

17%

28.4

14%

.

16

H, K. & W. Docks...$

22

South Ch. Motors (A) 3)

10%

China Provident (old) § 4.80

80

*

(new) $

88% Honghews ..................The. 28%

84

17

87%

18%

20%

31

81%

H. K. & S. tl. (old) $ 112

10101

10

10%

+

1101

Deo. 6(d) 50 ct.(new) for

H. K. Lands

24

215

58%

73%

Deo. Interim #3 /c, 1852 4Deo, Luterim T/- 0,00 a/u 19

39%

41

Sap. T. % x 10^-85

30

16

Ten, (813) on olu

EURO

32

The yer under review has for- tunately suffered. from no untoward Liggett & Myers "B" 68%

Loew's Inc. underwriting events and losses have Pacific Gas & Electric 284 fallen from £740,244 to £670,748. Pennsylvania Railway : 171⁄21⁄2 This is in line with the reduced in-Radio Corporation come, the ratio to income this year Sears Roebuck being 63.86% as against 64.64% Standard Oil Co. of the preceding year. Expensed Socony-Vacuum Corp. amounted to £349,331, being £4,108 Union Carbide &

Carbon less than last year. The fall in income, however, increases the ratio Union Pacific from 80.86% recorded last year. to United States Steel

Westinghouse E. & M. 29% 33.26%. Every effort has been made to reduce expenses without Impairing efficiency, But the effect of the measures of economy put into FOR SALE OR HIRE operation will not be fully apparent until the expiration of the current

MORRISON

PIANO

(Guaranteed ten years).

TSANG

FOOK PIANO COMPANY.

8, Des Voeux Road, Central.

(Entrance Ice House Street)

Telephone 24848.

As new as the first

day you wore them

THEIR original glon paired their Testner supplethoes clean that have their with Kiwi-keep

Kiwi

and

reserve the eeping it year.

year.

Shareholders will realise that it is not possible to effect staff economies which will keep pace with a fall in

EXCHANGES.

TO-DAY'S QUOTATIONS.

· On Londen Bank, wire

1/4 Bank, on demand 1/4 Bank, 4 months" sight 1/4% Credits, 4 months'

sight.

N. Engineerings. T

Shanghai Docks...Th.

Lands, Hotels & Buildings.

(New)}

Shanghai Lands...Tle.

Metropolitan Lands Tls.

Humphreys .....

H. K. Baltic' Asia Realties. "A"...M

Chinese Estates. Chins Realdereri China: Debenturça.

Star Ferrics..

Yaumati Ferries (old)

9.10

AURERINGE!!!

TOIMITRAU

དྭེཡྻཙྪཱབྷཱ॰ བྲཱeཉྩནྟི ཨྰཿཨྰཿan་སྐ

Mar. 8, ja

July 30, 33:

1 Mar, 18.32

(Aug.'12, ♬

july 30,

Der, 35, 32 198Feb. 9, za

Deo. Fin.sta, max. slate, for 1987) Mar.

sgte on new)

28

Dea,

Yoba waking” i

11.40

Cotton Milla,

Ewe Cotton

senten

..Th

Shanghai Contons... Tls.

LAPI.

and T. 1-87 for half faaz 30-4-85

Ost

Sept. May 31, 32

1/4%

income, and even if it were so your Directors are averse from taking on demand any action calculated to aggravate Credits, months' the present economic condition. .sight

Zoong Sings.... Tu

11.10

Jung, T. 0-80 for your 3-821.

Up Parle-

Wing Ca Textile S'hai$ 150

Oct. 8, 3

5924

Public Utilities

632%

H. K. Tramways

Dec.

interica, aặc 1958.

az old

Aug. 15, 32

Moreover, they are by no means On Berlin- convinced of the wisdom of reduc-On demand ing staffs at a time when all the Un New York -- experience gained by our officers On demand during their lengthy terms of ser:Credits, 60 days' sight 241⁄4 vice becomes of increasing value to On Bombay- the Company.

Peak Trams (old

-(new)

Apr.

Nom

Doo, for 11,

475 fo

Deo.

Feb. 1, 32.

Apr. 27,

28/a

China Light (old)

(new)

H. K. Electrics*****

$2.50 for 1931

Wire

88%

Deo

It is most gratifying, therefore, Or demand. to record that the Underwriting On Calentia—--

Macao

88%

| Sandakan Lighaḥ,

Nune

Tans

89%

H. K.Teh fully

Interio 1903

Dec

88%

Dec.

17% on prefermos shkris

57

Sept.

484

Malabon Sugar

Dea

Cald. Marg,

Canton

Dia. (Ed

Jaly

Cements (com

∙1/4 177

Nominal Nominal

Chias

Profit amounts to $77,805 of some Wire

£1,233 greater than in the preced-On demand ing year, while ample provision has On Shurapa been made for all known liabilities On demand

and possible bad debts.

SHARE MARKET.

The chief medium of trading activity to-day was in the follow ing; viz: Lights at $17, Hotels at 811.10, Trams at 122, Telephones at $22%

Lands were also dealt in at varying rates

Union Insurancés HK Hotele (013) H.K. Hotel

Constructions.

(New

Hong Kong Bank, $1,588. Union Insura

* On Manila- On demand

On: Shangha)—— On demand

On Yokohama. On demand Sovereigns → Ban

buying rate) Silver (per oz) Bar Silver in Hong

Kon

China Buses

S'poreTs

100%

fda vente on ald;

Doo, 100 rante on waye

Doc.

Copper Cash

Rate of

Sub Coin Hong Kong Sud., Coin.

LONDON EXCHAN

Fob

ES.

Feb.

|§*,76 fór 3031

(making 11480) D

jšie z benna Wala, i tor

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

Yen 117,300,000.

Head OfficeYOKOHAMA

Branches and

Alexandria

Batavia

Bombay

Calcutta

on (Dalny)

gencies at:

KIWI

BOLT

Underwr

Inter