1932-11-26 — Page 4

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION,

Authorised-Empfl

Issued and Pully Paid-up cost TPA Beer Fonde-

Burling

26.400,000

#210,000,000

30,005,000

Reserva Liability of Proprietors @30,000,000

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1868,

HEAD OFFICE: LONDON,

Paid-up Capital

£3,000,000

READ OFFICE; MONOKONG, -,

Reserve Fund

,28,000,000

Reserve Liability of Pro-

prietors

.£3,000,000

Agencies and Branches:

ALOG STAH

KUODING

MANILA

BOARD OF DIRECTORS

Heu. Mr. J. J, Paterson,

Chairman

7. E. Paz. Eaq.

Deputy Chairman.

had. P. V. E

thông

4. IL Compton, Pag,

X. Johan, Faj,

A. Mukis, Eng.

ANGY BANGKOR

BATAVIA

BOY BAY CALCUTTA CANTOR CHEPOO COLOMBO DAINEN PoonHow HAIPILONO HAMBORD BINROW KABBIN

HONOKEW

ILOIL

JOPONE

KCAE

KOWLOON

Flummer,

T. I. B Shaw, In

J. P. Warcon, re

T. H. Grayhurn, Esq,

Chial Manager.

BRANCHES ; —

KUALA LUMPUR

LONDON

LYONG

·MALACOA

MANILA

MUAR (Johor)

MUKDEN

NEW YORK

PEIPINO PENANO

RANGOON

BAIGON.

HAN PRANCISCO

SHANGGAL

SINGAPORE

HOURABAYA

SUNDEI PATANI

TIENTRIN

TOKYO

TSINGTAO

KOKOHAMA

Current Accounts opened in Local Ostrogey

and Fised Dapolia recaired for on your De shorter periods in Local Currency and Atarling

AMAITHAR BANOKOR BATAVIA DOMKAY OLLOUTTA CANTON CAWNFOBE CEBU COLOMBO DELHI HAIPHONG HAMBURO

HANKOW

TAMAIN

BONG KONG

ILOILO

RABACIO

KLANG

HVALA LUMPUR

IPOT

ROGE

MADIAB

ЦЕПАН

NEW YORK

PEIPINO (Pelag)

FENANO

BANGCON

BAIGON

DEMARANG

BZIEMBAN

HHANGHAI

SINGAPORE

SITIAWAN

TAIPING

TIENTRIN

.SOURABAYA

TONGKAR (Phuket)

TSINGTAO

YOKOHAMA -

ZANBOANGA

Foreign Exchange

and General Banking business transacted.

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

A. BREARLEY,

Manager.

Hong Kong, 17th November, 1932

en terms which will be quoted on appiloto THE BANK OF TAIWAN, LTD.

Hong Kong. Bb: April, 1952.

HONG KONG SAVINGS BANK.

·The Bealizans of the above Dank le monducted by HONG KONG AND BRANCHAY BANK. IMG 00BPORATION, Bg may be unbolosd

mypčiantion.

WO TI BONOKONG AND #BANGKAT MÁNKING CORPORATION.

V. M. GRAYBURN,

Chin! Muungan

Hong Kong, 27th February, 1933. (

THE BANK OF CANTON, LTD.

Established 1912.

Head Office Hong Kong. · Ausborised Capital H., Carrey) 11,000,000 Pald-Up Capital siemenettel Rear Fund

1,100,000 .DHANIWES:-

Camino, Shanghai, Hankow, Bangkok,

and San Francis

LONDON BANKERS-

The Lord's Back, Limited-

CORRESPONDENTS

In all principal drive of the World.

Foreign azokange and binhing bustoms of

svery description transacted.

Bala Daposit Boxes (variouf sisan) at `n yourly

eszkál of from 35 to $40,

LOOK POONG SHAN,

Chief Manager.

THE BANK OF CHINA. 行銀國中

Reorganized October 26, 1928, under

special charter of The National Goy. sament na an

INTERNATIONAL EXCHANGE

BANK.

Bubscribed Capital

-$25,000,000.00

Pald-Up Capital

..$24,71,300.00

Reserve Funds .... $ 8,820,603.82|

HEAD OFFICE: SHANGHAL

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, we are able to extend to our clients special facilities for domestic and foreign banking and exchanges.

We also handle the issue of Honda

(TAIWAN GINKO.)

HEAD OFFICE:-Talpeh, Formons.

Incorporated by Bpecial Imperial Charter, 1899..

.... 45,000,000

Central Bank in Formosa, Bank-Holes insted Avera POTEN

BRANCHES AND JAPANI-Tokyo, Yokohama, Roba, Quake. FORMOSA ›—ean, Hagi, Karosko,

Skoog, Nando. Skinchiku, Taichn, Tainan, Takso, Tamad, Town, Hoito, falta. CHINA-bungkal, Hankow, Amoy Foochaw,

Bwator, Canton. OTHERS1-Dong Kong, Bingapore, Soerabaya, Semarang. Batavia, Bombay, London, New Yock, Diren.

LONDON BANKERS

THE HO HONG BANK, LTD.

(Established 1917)

HRAD OFFICE: SINGAPORE LOCAL BRANCH:--

13, Queen' Read Central

THE CHINA MAIL.

and

Commerce

Finance

Authorised Capital Straits $20,000,000 |

Issued Capital

8,000,000

Pald-up Capital

11

**

4,000,000

Shareholders

Reserve Liabilitica-of

SHARE MARKET.

4,000,000 BRANCHES and AGENCIES in the principal cities of the world,

Every description of Banking and Exchange business transacted.

CHUA KEH HAI,

Manager.

THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD.

Established 1921.

Authorized Capital ...$ 5,000,000 Pald-up Capital .8. 2,574,100 Reserve Fund

.$ 210,000 Total Resources......$18,500,000 HEAD OFFICE:

144-150, Des Voeux Road, Central,

Weekly Reports by Brokers.

G. A. HARRIMAN.

issued at noon, states:—

The most notable feature of the

past week was the slump in China Lights which had a bearish effect on the whole market consequently

SHARE MARKET.

SATURDAY, NOVEMBER 26, 1932.

\ AMERICA'S ATTITUDE ; SURPRISES LONDON. ››

(Continued from Page 1.)

"I appreciate the Importance of the {stop taken by the Governmenta - at Lausanne in respect to reparations and the possible effect upon thosa creditor nations of the loss of that:

The official summary of the source of income. Stock Exchange issued yesterday:-

"I am not oblivious to the fact that The speculative issues under-world-wide depression and the concur- went rapid changes in the course of rent fall of prices has increased the the past week. Virtually monopo-weight of debts in many parts of lising all attention, Lights and world, nor to fact that the decrease Cements were dealt in on a vary.

tions.

CHURCHEST

A CHARGE IS MADE FOR ALL NOTICEN UNDEE THIS HEADING

OF ONE DOLLAR

WESLEYAN METHODIST CHURCH, WANCHAL -

Coponite Royal Naval Hospital, Queen's Road E

Sunday November 27, 1932. Morning Service: 10.15 a.m. Preacher: morning,-Rev. Cour Evening Service: 6.00 p.m. tenay Jacobs.

Preacher: evening. Rev. Erria

Sunday School will meet at the Church at 3 p.m.

Friday, 6 p.m.-Choir Practice

Hong Kong, Nov. 25.

large scale, chiefly for December, of international trade has increased Mr. G. A. Harriman's weekly the lowest figure touched by the difficulties of obtaining foreign ox- share report and market review former being $14.20 and by the lat-change. I also recognise the relation C. H. Tribbeck,

ter $12.45 both for that Settlement. which these facts may bear to the

These rates were lowest for the prozess of recovery. week, after which both issues re- America Also Feels Depression. covered to $14.65 and $13.10 for cash, these being the closing quota-membered that these incidents of

"On the other hand it must be re-jin the Church.

Friday, 8 p.m..-Prayer Meeting rates in many sections were marked down considerably. The lower rates

In the Church. depression have also fallen however attracted more investors, is somewhat easy at the close.

with At the Sailors' & Soldiers Home The general tone of the marketi

great weight upon the American people and the and trading remained very

Sunday (27th), 8.15 p.m.-Chris- briek BUSINESS DONE DURING THE directly, as taxpayers or otherwise,

efects upon them'tian Social Hour conducted by the throughout the whole period. Lights

WEEK

of any modification of the agreement Monday (28th)..

Chaplain, were done as low as $14, and there

with respect to debts due to this Ladies Church Aid Society meet and Bank was a tremendous turnover in this

country cannot be disregarded. stock, we imagine something like

Badminton Club Meet. Commercial 100,000 shares changed hands.

Tuesday (20th), 8 p.m.-Fellow- were done in, large

ship Meeting.

BRANCHES: Canton, Shanghai. Ticatsin. Hankow Domestic Correspondents at all prin- cipal Cities in China.

FOREIGN BANKERS: London: Midland Bank, Ltd. New York: Irving Trust Co. San Francisco: Walls Fargo

Union Trust Co. Singapore: Chinese Bank, Ltd.

SAFE DEPOSIT BOXES

:

to

FOREIGN EXCHANGE & BANK. Cements also ING BUSINESS of every description quantities for various cash and for- transacted.,

ward deliveries from $12.50 Current and Savings Accounts open- $13.30. Hotels were steady around ed and Fixed Deposits received on $11, with Providents terme which will be quoted on applica

(old) at $4.65/4.75. tion.

Renities were done in quantity at $9. The Investment 'section was on the easy side with

Trams done down

to $20.80, Electrics to $77.75 and Lands $78. The sterling section was quiet with Banks steady at $1,650 and Unions THE MERCANTILE BANK OF at $510. With lower prices more intereat is being taken in the market and trading activities are steadily increasing. The closing tone firm.

to let at a yearly 'rental from $8.00 to $22.50,

WONG KWOK-SHUEN.

Chief Manager.

INDIA, LTD.

HEAD OFFICE:

13, charch Btreat, Londen, E.CA.

.£8,000,000

Authorised Capital Subscribed Capital ... 1,800,000 Paid-up Capital ....... 1,050,000 Reserve Fund & Beat. 1,217,927 BANKETA:

13. Bank of England & Midland Bank, Le

BLANCHES:

Ipab

Barclays Bank, Ltd.. Floyds Bank, Lid Miland Back, Lid., Westminster, Dank, Ltd.

Dangkok

Bateria

Kanty

Bombay

Karachi

The Bank has Corpondents in all the principai Commercial Centres & NAGUBA the world.

Manager

Calonita

Kota Bharu

Calemba

Hula Kiple

THIN

Kumla Impur

Qalla

Russian (Pahang

BONG KONG BRANCH:

5, De Vaux load Central, Hong Kong. Desember 4, 1981.

Hawesh

NEDERLANDSCHE HANDEL--

MAATSCHAPPIJ, N.V.

(NETHERLANDS. TRADING · SOCIETY)"

BANKEES.

Established 182

Ifes Koog Offen:-ik, Queen's Road Central.

Authorized Capital .1. 150,000,000 Pald-Up Capital

80,030,000 Reserves

.1. 20,015,000

Said Offset -AMSTERDAM”.

Kastam Head DEO#!--BATAVIA.

| Branches :~~Bandjarmasin,

Bandung", Bozbey, Dalentia, Cheribon, Djimdor, Djok jakieta" The Hagu® Jiddah." Katy, Makassar, Medan, Palembang, YVEL longan, Penang. Rangoon. Rotterdam", Bezarung*, Baoghal, Blogspoes, Boszn bale. Gomaris (Solo), Tigal, Tjilaajay) and Welternden","

* These diles kara Bata Deposit Boxes to Lat.

LONDON HANKERS......

NATIONAL PROVINCIAL BANK LAD:

Gortarpondants all over the wald. Banking Bouls mass of every description trasucied.

A. STOKKINK,

*Manager. Hong Kong, 21st June, 1982.

THE

and other Public Fands of the Chin-AMERICAN EXPRESS COMPANY.

ose Government both at home" and abroad.

Kadina

New York

HONG KONG BRANCH,

Penang

Port Louis

(Stauritius) Ringoes Shanghai Slots

Singapore Brorsbare.

Every description of Banking and Rashanga buai- nem tramansted.

Travellere Choquen batınd,

Hong Kong Bank $1650.

Union Insurances $510, 35124. 'China Underwriters $2.90, $2.80. Benguet Explorations 23 cents. Wharves $148, $149. Providents (Old) $4.80, 34.70. Providents (New) $1.60. Hotels (Old) $11.40, $112, $11, $10.50, $11.10. Hong Kong Lands $78%, $78. Realties 89.10.

Feak Trams (New) $8.

China Lights (Old) $16.35, 3151⁄2, $15, 814, $14.60.

"I confess I cannot see any presentation in your note which would be likely to in- duce Congress to act upon the question any differently now from the manner in which it has acted in past.

3.00

...

Wednesday (80th), 5.30 p.m.-- Monthly Meeting of Sailers' aŝi Soldiers' Home General Committee.

Wednesday (Nov. 30), at 8 p.m.- Debate. "That the practice of Pro-

The attitude of the President, smoking is to be deplored." Hong Kong Tramways. $21, therefore, is that for any suggested poser. Rev. W. Walton Rogers, $21.40, 521.10.

study of inter-governmental finan- MA. Opposer-Rev. E. G. Powell. cial obligations as now existing, Badminton Club Meet some such agency as I have referred Monday (Dec. 5th), 3.30 p.m.- to should be created to consider this, Whist and Bridge Drive. Tickets $773⁄4, question Individually with each Gov-can be had from members of the ernment. The President la pre Ladies Church Ald Society at $1.00 pared to recommend to Congress, ench. $13.15, that it constitute

UNION CHURCH. a committee to $12.70, examine the whole subject.

H. K. Electrics $781⁄4, $78, 772.

is

Telephones (New) $26. Comenta (Combined)

$13.45, $12.80, $124, $12.80.

Banks-Hong Kong Banks re- mained steady with business done at $1,650. Bank of East Asias were obtainable at $108..

Insurances-Unions changed hands at 8510/12 and there were further buyers at $505. China Underwriters were in demand at $2.80.

Shipping Douglases continued. in request at $26. Union Water- boats were unchanged with buyers at $21.

Docks, Wharves and Godowns.- Wharves could be placed at $148. Trustee and Executorships andor Providents (old) changed hands at

takon.

INTEREST allowed on Curawat Amounia and, Fixed Depositum at Balam ikat may be sacariained on application.

J. B. ROSS,

Manage..

Queen's Road Central, Hong Kong, 7th April, 1982.

EXCHANGES.

-TO-DAY'S QUOTATIONS.

On LondonTM

4 months' sight

T.T.

1/4/

On demand

1/4/4

1/43%

Credits 4 months'

sight

1/5%

On New York

On demand

21%

Credits 60 days'

Bight

*224

¡On Paris---

On demand

555

Credits 4 months'

sight

595

On India-

T.T...

293%

On demand

On Shanghal-

On demand

89%

75%

INC.

On Köbe

On demand On Manila

Head Office--65, Broadway. New York.

On demand

102

4314

On Singapore

Ond.emand

584

Capital Surplus Reserves

.U.S.$8,000,000,00 U.S.31.882.832,04

On Batavia-.

On demand

544

U.B.$1,458,110.73 On Saigon.

On demand

66%

BRANCHES

On Bangkok-

Head OffensYOKOHAMA.

Yen 117,800,000) --B#3**

Distrita Bocabey

Gada Glasgow Havana Hamburg HATE Inkarlakan

Napke

Paris

On demand

187

Sovereigns Bank buy-, *

Jeg rate

Both po

Nagasaki Nagoya Newchwang New York Osaka Parin Pelping

Bramale

Calze V

Conne foleato, Cometas Miopia Monte Carlo

Menich 1999

London

Bar Silver, per oz. Bar Silver in Hong

Kong

1/5 -18

Nominal

Copper Cash

Nominal

8. Moris

Ilocanon- Godava

--Yakobami

Burlak

SHOU J. CHEN,

Manager. Hong Kong, 6th March, 1981.

THE YOKOHAMA SPECIE BANK, LIMITED.

Established 1880.

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

Branches and Agencies at: Alexandria

Culatavia.

Barlia Bombay Calcutta Canbom

Changchun

Dairen (Dalny). Rangoon Fongten (Mukden) Rio de Janeiro

pina Sand Franelice".

Seattle Bomarang

Hamburg

Hong Kon

Honolula

ALYONA

Karachi. Kobe

Shanghel

ghimonosek Singapore Boerabaya

Bella

Branches of American Express-Com- pany in Principal elties of United States of America and Canada.

All classes of Commercial Banking Aransactions undertaken.

¿lecomta

Personal

investment

on

Sydney Tientsin Tokyo

handled.

Taingian

Los Angeles

The Company onera Manila's

Travaliers the use of itä Interest allowed on Current Ac- Cheques" and Letters of

redit: and,

| in addition, that worl Deposits received for fixed periods of its thoroughly equipped. af vates to be obtained on application: partinent,

Hong Kong Lith, March 1982.

GANA

Copper Centa

1% prem Rate of Native In-RAN

terest

8% p Chinese Sub. Cofa 2914% dis Hong Kong Sab. Coin Par.

$4.70.

į

Hotels and Real Estate.-A fair business was put through in Hotels (old), at rates between $10.80 and $11.10 closing in de- mand at $10.95. Hong Kong Lands eased off a little and were

оп

offer at $78. Hong Kong Realties were dealt in at 89/9.10. closing in demand at $9.05.

Cotton Mills.-Ewas showed some weakness and could be had at T14.70

Public Utilities. Hong Kong Tramways were dealt in at $20.80

Cements (Old) $10. Coments (New) $2, $2.15. Dairy Farms $28, $28. New Engineerings Tls. 6.20. Ewe Cottona Tls. 14.90, Tle. 14.80. Govt. Loans 2% Prem. CHANGES (3.16 p.m.) CLOSING QUOTATIONS. Buyers Union Insurances $510. Realties-$9.10.

China Lights (Old) $14.65. Dairy Farma $28.

Sales. Electrica $775 Govt. Loans 2% Prem

Nominal..

Hong Kong Bank $1650, Hong Kong Tramways $21.10. Peak Trams (New) $8.

Sunday, November 27, St. Andrew's Sunday. Sunday School, Kennedy Road 9.30 am.

"As to the suspension of the KENNEDY ROAD, HONG KONG. instalment of the British debt, duc on December 15; which is one of the object of your note, no authority lics within the Executive's power to grant such an extension and no facts have been placed in our posses- sion which could be presented Congress for its favourable con- sideration.

to

"Such Importance is attached by our Government and people to the maintenance of the original agree-

Sunday School, Taikoo, 2.45 p.m. Publie Worship 10.80 a.m.. Annual Parade, Service of the Scottish Company Hong Kong Volunteer Defence Corps.

Evening Service 6 p.m. " Preacher at both services, the

ments in full, by payment on Decem- Rev, E. G. Powell, 2-

ber 15, as to far outweigh the rea A Social Hour will be held In

sons now apparent for its suspension the Church Hall after the evening and by such payments, the prospects service

SCIENTIST.

of a satisfactory approach to the FIRST CHURCH OF CHRIST, whole question, in my opinion, *** would be greatly increased."

tish Wireless Service.

Sélections For Kwanti

(Continued from Page 1.)

ridden by Mr. D. B. Evans.

-Bri

(Branch of The Mother Church, The First Church of Christ, Sción. tist, in Boston, Mass., U.S.A.J

Macdonnell Road, Below Bowen

Road Tram Station. Sunday Services, Novermber 27, 1982 11.15 a.m.

Subject: Ancient and Modern Necromancy, Allas Mesmerism, and Hypnotism, Denounced."

The Sunday School is held on, Sunday morning at 10 o'clock. 6 o'clock

Wednesday Evening Meeting at Cupid, if he starts, will be my choice as winner of the Kwanti open:

Reading Room at above address,

and more shares could be placed the field. Social Mark is a pony | Miss Fearson will ride her own at this rate. Star Ferries were worth watching, and will be mount, Festival Eve more or leas neglected at quota tions. China Lights (old) after

Demurrer or White Heather. having been done at $15.50 at the The Sha Tau Kok steeplechase Handicap Hurdle Race, over 14 Tuesday and Friday, 10 am, to opening dropped to as low as will be one of the hardest fought miles, with Cloudy. Eve close be 12 Noon. $14.10 but firmed up again at the races of the day, and among hind, while White Heathor, if he close with business put through at those in the running for first has not already been out, should p.m. $14.90. Hong Kong Electrics were place I expect to see Demurrer also be placed.N sold at $77.75. Hong Kong Tele- and White Heather. Demurrer phones (new) were sought for at has a win to his credit from the $26 but sellere were scarce.

Miscellaneous, Cements were

very active and were negotiated at $12.50/13.30. Ropes could be ob- tained at $11.80. Dairy Farms were on offer at $28% En- tertainments were wanted $12.76. Constructions (new) could fetch buyers at $1.80.

Forward Settlement Days: 29th |November and 20th December. ⠀

Monday and Thursday, 5.80 to 7

The Public la cordially invited to attend the service and visit the Reading Room.

POUND PLUNGES SENSATIONALLY

Champagne Bay Win The main event of the day, the last meeting and is the lowest Kwangsi Open Steeplechase, has weighted pony in the race, while a small but select entry list. White Heather, a better pony, is Messrs. Dunbar and Reidy'a one of the three ponies carrying Champagne Bay stands out a top weight of 161 lbs. This may mile, and will carry practically IN NEW YORK. spoil his chances of winning, but all the money. There is no rea- he is almost certain of a place son why the pony should not win. (Continued from Page 1) Whisper will be a good shot for He made an excellent showing the daring punter.

when out at the last Valley meet- London and New York Markets. The biggest field of the day, 16 ing, and is now at the top of his A stagnant market, with the ponies, is entered for the Kwan form. Rooslan is entered here, exception of gold mining shares Tung Handicap for Novice and should prove a good thing, which are firm, is reported from jockeys. It will be a very open Amos had a win when out at the the London Stock Exchange race. Christmas Belle is the one last Fanling meeting, and is through Messrs. Swan, Culbertson Although the pound weakened I fancy, but there are several worth supporting. sensationally yesterday, the Hong ponies who will be strong chal The Machine Gun Troop Scurry, are weak. T

and Fritz Glit-Edged securities Kong dollar remained steady and lengers. Whoopee, who has not for second class troop ponies, will One million shares changed was quoted at 1/4 to-day been showing up too well lately, close the day's programme, Any-bands on the New York Stock Ex Spot allver is 18% to-day and will be ridden by Mr. R. A. Car- thing might win the race, and it change yesterday, and Messrs. E. forward 18

roll, but will have to show better there is to be a big dividend A Fierce and Company, report The London on New York cross form to get a place among the during the meeting, It will un- that the market resisted yesterday rate is $3.21% and New York on leaders. Gallant Fox, like doubtedly come in this race at the so-called critical points. It London $8.20 Yesterday these Christmas Belle, is heavily han-Since the distance la only half a cannot be said, their report states, rates were 85.26 and $3.26, respec dicapped, but can be depended on mile, the start means every that a great amount of liquidation

to finish strongly. Shanghai Benu thing.

H.K. DOLLAR STEADY.

1064

Prague

Helsingi

1089% 229

Madrid

89 7716

LONDON EXCHANGES. į

Lisbon

Paris

New York

London, Yesterday)

82% 8:21

Athe Bucharost Belgrade

6821

550 #280

Rio

78.7844

Buenos Aires

7/82

5/825

Mor

80%

made a good showing when out

at the last meeting at the Valley and is certain to be well-backed

Tout's Selections

Devon Until Then and Toby are First Race: other ponies to watch.

The fourth race of the day in

the Ladies, Mile and will probably

Rooslan

Cupid

White Stars

see seven starters out of the Second Race fourteen entries Miss Pamela Scott Harston will he's hot fa

iss Bons

Demurrer

Just Imagine

Third Race

Country Club

has been uncovered during the past few days of weakness. The market looked to have Improved In the afternoon, but traders are ad- vised to continue to stay close to the sidelines.

RE

(Continued from previous colu Fifth Rave:****). Pas-White Heather

Banjolina

Hefty

Bixth Race ****

Champagne Bay Amos

Seventh

White pahel; #asballah: