1933-02-24 — Page 4

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorized Capital

red and Fully Pald-up me Sverre Fund –

164,806,AN

BUT $16.808. BAS Barre Liability of Propriators 19,900,000

BRAD OFFICE, KONGKONG.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

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

Paid-up Capital Reserve Fund

BOARD OF DIRECTORS 1-me

Reserve Liability of Pro-

prietors

· · · · · · · ·£3,000,000 £3,000,000

£3,000,000

Agencler and Branches:

ALOB STAR

AMRITSAR

LUCHTING

MADRAS

Hon. Mr. 1. 3. Peterman,

BANGFOK BATAVIA

DOMBAY

Chairman.

T. E. Tours, Kag.

Deputy Chairman.

KM. Kr. W. 11. Bell

1. M. Compian, Exq

1. I. £. Blaw, MN.

CALOUTTA

9. Miskin. Reg.

CANTOX

CAWNPORN

OOLONDO

DELHI

EFRONG

2. A. Memmer,

Hon. Mr, C.C., Mackin J. P. Warres, Bic.

V. M. Grayburn, Laq

Chiat Manager.

ANOT

MANUROR BATAVIA COMBAT CALCUTTA

CANTON Cazroo COLOMBO

BRA MOLLER

PENANG

RANGOUN

LONDON

LYONS

MALACCA

MAXILA

MUAB (Jokes:

MUIDEN

NEW YORK

PEIFINO

DAIREN

РООСВОЯ RAIPBOKO

HAMBURO

HANKOW

BARBIN

NORW

(LOILO

POE

JOLORE

LOAR

KOWLOON

AVALA LUMPUR

SAIGON

SAN FRANOINCO

BHANGHAI

BIKBAPOR

KOURADAYA

TIENTSIN

BUNGZI FATAN!

TOXYU

ΤΕΙΝΟΥΛΟ YOKOHAMA

L'arresi Acia opened in Local Currency and Mood Depoata cerived the compuest shuria periode in Local Correy and Sterling

terms which will be quoted on apptivatin Hong Kung 9th February, 1933.

HONG KONG SAVINGS BANK

The Bestow of kits shove Bank is nou dusted HONG KONG AND SANDHAY MAXK 10 DORPORATION.. Ba's may be shitland Merakles.

#GN FOR HONGRONG AND LEANDMA) 4.NETAG CORPORATION.

T. K. GRATRUEX,

Chiel Kangur.

Hong Kong, 17th February, 1933.

OVERSEA-CHINESE BANKING. CORPORATION, LTD. (Incorporated in the Straits Settlement) SUCCESSORS TO

The Ho Hong Bank, Ltd. -

The Chinese Commercial Bank, Ltd. The Orereo-Chinese Bank, Ltd.

Head Office:--Singapore.

Hong Kong Branch:-13, Queen's Rd. C.

Authorised Capital:-

Straits $40,000,000,00.

Paid-up Capital:-

Straits $10,000,000.00. Branches and Agencies in the princi- cipal cities of the world.

Every description of Banking and Exchange business transacted.

Chua Keh Hai

Manager.

THE BANK OF CANTON, LTD.

Established 1912.

Head Office:-Hong Kong.

Authored Capital (II.X. Ourano7) .....$11,300,06€ Paif-Up Capital szettet hovor te fortet dovervi Tail S. N

BRANCHES —

1,100,000

Canton, Bhangal, Rankes, Bangkok,

and Bea Francisos.

LONDON BANKERS---

The Liryd's Bank, Limited. DORRESPONDENTS

In el principal die of the World.

Foreign ezakange and banking businowe of

** odpiton "tranced

Bada Deporti Boam (various sized) si s poly

read of from $5 to $40.

LOOK POONG BHAN,

Chief Manager.

BAMBURG

HANKOW

BARDIN

TONG TON

ILONA

ГРОП

KARACHI

ALANG

KOBE

XUALA LUMPUR

MANILA

MEDAN

KEW TOAL

PELFINO (Paking)

PENANG BANDOON BAIGON BENARANG HEREMBAN

BHANGHAI

AT NGAPORS

Foreign Exchange and Banking business transacted.

THE CHINA MAIL.

Commerce and Finance

DOLLAR AND SILVER RISE.

Pound Value Also Gains.

ia quoted The local dollar morning at 1/3%, a rise of yesterday's quotation.

this on

Silver prices, spot and forward, made good advances on yesterday's quotations of 17 and 17.-1/16, being jquoted at 17.5-/16 and 17%

spectively.

NEW YORK STOCK

EXCHANGE

A.O.F.C. Quotations.

New York, Yesterday,

·Dow Jones' Averagés.

Last To-day's Change ÁVEL. Aver.'

80 Industrialx 53.99 51.94 2.05 down .25.61 24.03 1.58 down 20 Rails ... 20 Utilities.22.75 21.14 1.01 down

STOCKS FALL ON WALL ST.

Caution Urged On New York Market.

New York, To-day.

A downward tendency pre- valled on the New York Stock Market yesterday. Business for the day was average, 1,330,000 shares being dealt with.

FRIDAY, FEBRUARY 24, 1933. ·

CHINA PROVIDENT'S

BIG PROFIT

ANNUAL MEETING HELD TO-DAY

Was

NEW MOTOR SERVICE

+

Ih their market report, MessrS. E. A. Pierce state: "The market

A net profit of $203,845.32, too soon to analyse the results re- must give its own clue to the com-

For the 120 per cent, better than that recorded to date, except to state that pletion of liquidation.

on the corded for the previous year, the demand and the financial re-. present we would remain

reported by Mr. C. A. da aults have come up to expectations. alde-lines."

Industrials, rails, utilities and Roza (Chairman) who resided "The sum outstanding on Loans 40 Bonds....77.18 76.13 1.05 down bonds declined on the day, in-at the annual general meeting of has been reduced by the important Messrs. E. A Pierce & Co. Re-dustrials alumping 2.05 to 1.94, the China Provident Loan and sum of $152.000.000 during the report:-The market must give its while ratia fell 1.58 to 24.03. Mortgage Co., Ltd., held at noon year, while new business has been kuccessfully negotiated against se- own clue to the completion of Utilities and bonds declined 1.01 to-day.

re- Mr. da For the present weland 1.05 to 21.74 and 73.13

Roza stated that to-curity of goods stored with the The London on New York cross liquidation.

A small

amount wards the end of last year the Company. rate which was quoted at would remain on the side-lines. spectively.-Router. G$8.41% yesterday rose 3% this Business done: 1,330,000 shares.

Company embarked upon a new of $10,000.00 was remaining so em- line of business in the form of ployed at the close of the year. morning, and

"Sundry Debtors account at more trucks. The Board was in- G$3.41%.

Messrs. Carroll Bros. have just fluenced in its decision by the $116,933.36 is rather higher than received the following latest cabl-constant needs of the Company usual this year, owing to the con- with its aiderably greater volume of "busi- ̈ ed quotations of Shanghai shares: itself in connection

collection Financial ness transacted-but

Current Accounts opened and Fix.no quotation yesterday as New York ed Deposite received for one year or was on holiday, shorter periods at rates which will be quated on application.

A. BREARLEY,

Manager. Hong Kong, 17th November, 1932.

THE RANK OF TAIWAN, LTD.

(TAIWAN GINEO.)

HBAD OFFICE:-Taipeh, Formoel locorporated by Special Imperia! Charter, 1899,

Cast Bank in Pormons. Bank. When Emerɔad Arurugi stoant...Yap, 144,000,00 BBANCHES AND AGENCIES. ZAPAK-Tokyo, Tokohama, Koba. Ovaka

Kaaluss Kugl. Zanko, FORMOSA ||ran,

Makong Nanto, Ghiochika, Tairbu, Tainan, Takma, Tamil, Toon, Hello, l'alto. CUINAghal, Tankow.

Consolidated Gas of N.Y. 48%

General Foods

94

SHANGHAI SHARES

shipping department.

4.50 results had come up to expecta- since the date of the accounts have reduced this figure to approximate-

780tions, he stated.

-Addressing the meeting, 6.60'Chairman said:-

the ly $34,000.00 which is lower than

usual.

"It is with much pleasure that

"The Cash position, since fur-

21.75 your Directors are able to place be-ther Increased, is satisfactory, and, ¡fore you a Statement of Accounts is adequate to meet the Dividend 6.00 which show not only a very sub- requirements which I shall shortly

stantial increase in the Net Profit propose to you.

Bad World Conditions. Company's from the reaulting

"As regards the prospects for operations during the past year, but 29.25 also a marked improvement in the the current year, It is unfortunata 13.20

general position of the Company na that world conditions. In general, Sheet be-jand the state of affairs in the Far revealed by the Balance

East in particular, make any fore- 11.00 fore you.

"The profit earned, namely $203,-cast as to local imports of staple 25.00 845.32, is some 120 per cent. better products dangerous

"It is safe to say, however, that 22.00 than that recorded for the previous 24.00 year, and the increase is mainly at-jour Godowns continue to enjoy the 98.25 tributable to a greater volume of support of a very large number of 65% cargo received for storage with im merchants, and that we confidently anticipate receiving our share of proved clearances.

LITIAWAN

SOURABATE

TAIPING

TIEKTRIN

TONGKAT (kakət)

YOKOHAMA

ZAMBOANOA

as $ is given The New York on Lon- don cross rate is given as General G83.41% this morning. There was

Air Reduction

Last To-day's Price Price

53 61

American Dan Dye

Allied Chemical & Dye 75%

62%

American Tel. 4 Tel. American: Tab. "B"

.89

73% 50% 964

52%

524

1214

EXCHANGES.

Anaconda Copper Mining 6%

China Finance Corp.

Auburn

39%

304

International Investment Trust

Borden Co.

...

20

19%

Co. (Ord.)

TO-DAY'S QUOTATIONS.

Canadian Pacific

8

Cathay Land

11.40

Chrysler Motors

10%

Yangtze Finance Co.

International Assurance Co.

3,80

On London

Drugs,

Inc.

33 34

China Realty Co.

11.25

T.T.

1/8%

Du Pont de Nemours

33%

On demand

1/3/

Eastman Kodak

$2

61%

New Engineering & Shipbuild.

Shanghai Land Investment Co.

Electrle Bond & Share.

13%

1134

ing Works (Ord.)

4 months' sight

1/394

General Electric

12

19

10%

Credit: 4 months'

22

Shanghai Dock & Engineering

Co.

92.50i

21

sight

1/4

General Motors

11%

10%

On New York-

Gillette Safety

14%

1324

On demand

Int. Harvester

164

15%

Shanghai & Hongkew Whart Co. 212.50 Shanghai Electric Construction

Co. "Bearer"

2214

Int. Harvester (Pret.)

87

Credits 60 days'

Int. Tel, & Tel,

6

sight

23%

Liggett & Myers "B"

Ewo Catton Mills, Ltd. Shanghai Cotton Manufacturing

-Co.

66.00

51

50%

On Paris-

Loew's incen

144

14%

On demand

56274

Montgomery Ward

10%

National Biscuit

33%

322

Zoong Sing Cotton Mills, Ltd. American-Asiatic Underwriters

(Ord.)

Credits 4 months'

sight

Pacific Gas & Electric

25%

25

American

6022

Pennsylvania Railway. 16

14%

Oriental Finance Corp. "Bearer"

Aur. Foorbow. On India-

Radio Corp.

3%

Asia Realty "Bearer"

T.T.

861⁄4

Sears Roebuck

15%

14

Shanghai Power Co. (Pref.)

Standard Oil Co. of NJ, 24

235%

Chinese & Gold Bonds 1825

On demand

86

Bocony-Vacaum Corp,

6%

6%

On Shanghai-

Union Carbide & Carbon 20%

20

On demand

70%

Union Pacific

30%

G8%%

On Kobe-

United States Steel

On demand

108

...264 Westinghouse E. & M., 2344.

26 220

On Manila-

Мисир

-SHARE MARKET.

HONG KONG BRANCH:

Der Forum Boad Central Hong Kong, December 9, 1981.

On demand

441⁄2

On Singapore-

On demand

66%

On Batavia-

The official summary of the Stock Exchange issued yesterday:

On demand.......

654

On Saigon-

On demand

561⁄4

On Bangkok

On demand

1422

Sovereigna Bank buy-

ing rate

1/4%

..17 5/16

Sales Hotela (old). $8/8.15.

Nominal

H. K. Lands $741⁄2.

1% prem.

Trams $20.00,

Cementa (Combined) $7.80.

Варела.

walow. Casios. OTHERS-YORE Loog Bingspoed, Bourabaya Bemarang, Batarie, Boobay. Loudon, How York, Uniren.

LONDON BANKERS,

Barclays Bank, Ed., 1.forda Bank. Lid. Widiand. Beal, Ltd., Wastinster Black, A.

The Bau bae Correspondents' la ali the principa Commercial Centres throughout the world. K. KAGURA,

NEDERLANDSCHE HANDEL-

MAATSCHAPPIJ, N.V. PEA

{KETHERLANDS TRADING BOCIETT!

BANKERA

Katablished 153

Hong Kong Ofoe-il, Quma's Road Central

Authorized Capital Pald-Up Capital Reserves

Bar Silver per oz. Bar Silver in Hong

Kong Copper Cash

.f. 160,000,000 Copper Cente

50,080,000 Rale ... 20,015,000

Hand Offs -MSTERDAM®. Lantern Slood US-BATAVIA.

Franchen: -Bandarmin Bandung, Bombay,

Cheribos, Disbar, Dick iskarta". The Magur", Jiddah. Koby, Medan, Palembang, Pala Longan, Penang, Raagoon, Baltardass*, Besarang". Manghai, Singapore, Bows bais._bowskarta (Balo). Togul F}{lmijas | and WelleTrade

*Those offres have Safe Depon!! Bozes to Lak

LONDON BANKERO. —

NATIONAL PROVINCIAL BANK LTD.

Correspondant all orge the world. Ranking Busi

aa tavary desoription texamatud,

THE

A. STOKKINI,

AMERICAN EXPRESS COMPANY, INC.

Nominal

of Native In- Lerest

8%% D.B. Chinese Sub. Coin -80% dis. Hong Kong Sub. Coin par.

LONDON EXCHANGES.

Paris

22 7/16 605

London, Yesterday.

86

New York

3.41%

Montreal

4,09%

Brussela

24.26%

Geneva

17.50%

Stockholm

18.85

Oslo

19.50

Prague

114%

Manager.

Helsingfors

226

Hong Kong, 21st June, 1982,

Bucharest

670

Belgrade

250

Madrid

41%

Amsterdam

8.4812

Milan

Berlin

6634 14.252

Read Office:65, Broadway, New York

Copenhagen Athens

.Lisbon

Capital Surplus Reserve

. U.S.$6,000,000,00 1.8.$1,832.882.06 -U.S.41,469,116.79

Yan' 117,800,000

BRANCHER.

Amalarian

Gynam

Шамси

Lee Hapics

Yokohama

Hand Office:-YOKOHAMA.

1

Branches and Agencies air

Bominj

Elmon Hamourg EATTO

Žarmoning.

Faria

Silver Spot

Tanang

Pulping

Silver Forward

War Loan 61⁄2

Alexandria

Nagasaki

en

Batavia

Nazora

Bessas Arm

Calze

Bombay

Ivargoni Laure

Lazor

Simbol

Banglan

Maspor

Daloutta

Canton

Dairen (Dalny).

Dalambos Caponing Máslough

Monte Carlo Manila

Vanden

Take me Zurich

THE YOKOHAMA SPECIE BANK, LIMITED.

Established ́ 1884.

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

Newchwang

New York Osaks

Paris

Peiping

Fangtion (Mukden) Hangoon

Hamburg

Hankow

Harbin

Hoer Ker

Bozolala

Hainking

Karschi Cobe

London

Tanila

Rio de Janeiro Ban Francisco

Scattle Semarang Shanghai Shimomosaki Bingapors

Boerabaya Bydney *Tientsin

Tokyo

allowed an Curral

at xilas to be obtained on

ملحمة

Branches of American Express Com pany is Principal cities of United States of America and Canada.

All, slasses of Commercial Banking Transactions undertaken.

•

Personal investment Bocounta handled.

The Company offers to intending. Travelers the be of ita ("Travelers www.and Letters of Credit and, addition, that world-wide: sayĒCN Its thoroughly equipped Traval De

DUGGAN

-Vienna

Rio Buenos Aires Montevideo Bombay Shanghai Hong Kong

110

30 Nom.

5% Nom. 41% Q.R. 33 Nom. 1/6 5/32 1/8 1/8% 1/2 7/16

17 5/16

17%

99 3/16

COTTON MARKET

STEADY

▾

"For several months last year, any cargoes which may offer.

"I now beg to propose that the our regular Godown space was do severely taxed by the demand for Report and Accounts for the year space, that it became necessary to ended December 31st. 1932, as pre- Planting Acreage To Be acquire considerable additional ac-sented to you, be adopted; that a commodation on a temporary basis. Dividend of $0.24 per share in res- Increased?

have since pect of the Fully Paid-up shares, This was done, but we been able to release the Godowns wo and of $0.12 per share in respect. shares ab- Wednesday, Jan. 26, 1933. acquired, with the exception of one of the Party Paid Whilst markets remained quiet in

There has been very little fluctus-building, which we still retain and sorbing $176,873.40 be paid out of

the Profits of the Company. the earlier part of the day, a much

"I also propose that the balanco Severe Competition. liveller tope was evidence at the tion in raw cotton values during which is fully occupied. afternoon session, Douglases, the last week, and the general tone

"The severe competition with of $125,196.36 be carried forward Hotels, Lands, Trams, Lights, of the market has been steady.

Accounts Adopted. occasioned by Electrics and Cements all register- There has been some talk amongst which we have had to contend was to 1983 account."

The adoption of the accounts and ing

slight advance in the experts this week of the pro- undoubtedly

and

bability of an increase in the plant-desire of the many private owners] demand.

some addi-payment of dividend was seconded ed acreage, which has been to a cer- of Godowns to obtain

unanimously. tain extent confirmed by advices tional revenue to meet the cost of by Mr. F. L. Silva, and carried from New York. There is a decid- maintaining their buildings.

Sir Robert Ho Tung and Mr. Li "As intimated by me at our last led feeling, however, with operators!

re-elected to the Tac-fong were that prices are on a low level, and if Meeting, the Private Bonded Go- little more confidence was shown by downs in Hong Kong were discon- Board of Directors, on the propos- overseas buyers there is every pos- tinued at the end of June last, and Al of Mr. A. H. Carroll, seconded sibility of a good business resulting. the contents of the majority were by Mr. T. M. Mitchell,

Messrs. Linstead and Davis and Quantities offered generally speak transferred into our General Bond-jal of Mr. A. H. Carroll, seconded ing remain amall but cover a wide ed Warehouses at West Point.

Electrica $744.

Douglases $31.

H. K. Steamboats $22. Hotels (old) $8.15.

Hotels (new) $7%. H. K., Lands $74. . Chinese Estates $95.

Hong Kong Trams 620%. Star Ferries $90.

China Lights (old) $11.30. China Lights (new) $9.20. Electrics $741⁄2.

Telephones (new) $26. Cements (Combined) $7.75. · Constructions (new) 90 cts. Govt. Loans 4% Prem.

Sellers.

Hong Kong Banks $1760, Union Insurances $565. Ewo Cottons Tls: 13.40. Shanghai Cottons Tia.71. Constructions (old) $54

EDINBURGH STOCK EXCHANGE

range some

the

A CLOSE SHAVE

of styles. There has been "Arrangements made with stor-Messrs. Percy Smith, Seth and Flem-

about uncertainty

tariffe ere, have, we belleve, proved satising were elected auditors, propos- which has restricted the Indian factory to them and the change ed by Mr. H. J. Figuereldo, second- business lately, although manufac-jover has occasioned a minimum ofed by Mr. A. H. Carroll turers report that a fair number of convenience to those concerned. offers have been dealt with: The "Turning to the Balance Sheet, chlef interest has been shown by you will note that our liabilities re- Karachi and Calcutta for light main practically unchanged-there bleaching styles and dhooties res belag but a small adjustment in pectively., Small lots of mulls and General Reserve Ascount. Jacconets have also been placed for "This represents transfers to and the other night had a close shave. As they were being shaved by Karachi. White shirtings and dyed, from the Specific Reserves previous- fancy styles have been booked for ly created to meet Loan deficits, Mr. Adler and his assistant, Bombay whilst the up-country out the item appearing now on the three men walked in, flourished lets have shown a demand for a few Debit aide of that account being revolvers and took 523 from the special printed cloths. The outlook the amount required to equalise the till.

Chicago, Illinois. Two men who occupied chairs in Benjamin Adler's barber shop

When it was all over, the two

for the Indian markets certainly balance due to the Company on two

the relative men in the chairs solemnly shook seems better and more optimian is Loan accounts, after

hands. One had £11 on his shown for the future. The rise in securities had been disposed of..

New Godown.

person, the other £20. the price of silver is more hopeful

*" *

UNCLAIMED TELEGRAMS.

"A pretty close shave," said for China buying, but any appre- The adition to our Assets, under It is officially announced that Mr. clable turnover is not likely until the heading of 'Property repre- they, feeling their face, then John B. Gray has been elected after their New Year celebrations, sents the amount paid on account of their pockets-Reuter. chairman and Mr. Claude Marshall There is a little enquiry from a new Godown which we have found Shanghai Including whites, poplins it necessary to construct on vacant vice-chairman of the Edinburgh and fancies, but not much progreas land at Kennedy Town, for the stor- Stock Exchange.

has been made. Rangoon has en-jage of special cargo.

The following: unclaimed tale "This Godown has since been are to spend quired for fine goods and a miscef- Southend Counell

the Great Northern Telegraph £850 on the new lighting scheme at laneous business has been done for completed, and is already in profit-gram are lying at the office of

the Straits Settlements. Reports able occupation.

(Limited) of Den- the Cliff Bandstand, which is being from Egypt are improving and Towards the end of the year Company

and under review, your Directors decid-mark. adapted to provide cover for wet there is enquiry for whites

Viroomalle, from Kobe. -British Wireless Service weather.

fancies with several useful orders.jed to embark upon a new line of

Miss Ferguson, passenger, 8.8. Grey shirtings have also been under business which has, of recent years, offer for the Near East and Morocco. become more and more closely allied Sirdhana, from Shanghai. The African outlets have been with our principal trade as Godown quieter although a few heavy, gooda operators; and you will no doubt

Winn, c/o Peninsula Hotel, from have been booked for South Africa. have seen ample evidence of this de-

parture on the streets of Hong Kong, Kobe.

Bosaut, Metzinger Messagerie, in the form of motor trucks bearing this Cmpany's name. The selection from Shanghai, anapat of; chassis of British manufacture will. It is hoped, earn your approval, Shipping Dept. Demand

THE BANK OF EAST ASIA, LTD.

Established 1918. -

· HEAD OFFICE:.

10, Des Voeur Road, Centrať, TONG CONG

› Capital and Burplus

Total ResearONS

@var ILS 6,000,000.00, over H.540,000,000.00

Every description of Banking and Exchange business- transacted.

Current and Fixed Deposit Accounts in local and for." |sign currencias opened for effents,

Savings Account and Bafe Deposit Boxes. Branch and Agencies all over the world.

KAN TONG PO,

Chief: Managi

SIX THOUSAND FIGHT FOR JOBS

Madrid. Six thousand unemployed fought for jobs in a Madrid street when it] was announced that the demolition

Awing, 28, Connaught Road, from Kobe

F. V. JENSEN,

Superintendent. Hong Kong, February 22, 1983.

"Your Board was influenced in The following: unclaimed tele- of the Madrid hippodroma to make its decision by the constant needs] grams are lying at the Eastern Ex- way for a street extension was to of the Company fiselt in connection tension Telegraph Colga@ces— Defines

with its Shipping Department, and

Brasainna, Credit Foncier d'Ex-

* Mounted and shock pollos had also by the lack of a properly or- treme Orient, from Singapore. to be called to stop the rioting ganised, fully secured and efficient crowd, Peace was restored after ly maintained pabile Mótor Trans-; a députation of discontented "hun port Service for the conveyance gar marchers" went to the City of goods in this Colony, Hall and rooved by the As this Bervice

operations" 50" In the year, it is

Mrs MacCuloch Hong Kong Hota), from Calcutta.

Shewan Tomes, from Alerander."

O. E. CLARKE

Manager Hong Kong, 23rd March.