1933-03-15 — Page 4

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorized Capital.

Terved and Futy Fald-up,000,000

Severe Funds: -

Starting

$15,000 200

Beer Liability of Proprietore . $3,000,000

READ OFFICE, HONG KONG

19ARD OF DIRECTORA (~~

T. E. earos, Bag. Chairman.

T11. H. Khax, Exq.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1853.

HEAD OFFICE: LONDON.

Paid-up Capital

Reserve Fund

Reserve Liability of Pro-

prietors

..£3,000,000 .£8,000,000

..£3,000,000

Agencies and Branches:

ALOR ATAB

Deputy Chairman.

AMRITSAR

TUORING

BANGKOK

MADRAS

. 21. 1, ey.

tion. Mr. J. I. L'aterson

MANILE

4. il. Compton, Eng.

MEDAR

CALCUTTA

NEW YORK

CANTON

CAWNFORM

PENANO

CEDO

BANG!)

COLOMBO

SAIGON

DELII!

KAIPHONG

J. A. Plummer, Faq.

B. Mr. C,44.8. Markin, J. P. Warren. Esq.

9. Minkle, ay

F. M. Grayburn, Exy.

INOT

Chlef Manager.

BANGKOK

BATAVIA

BOMBAY

CALCUTTA

OANTON CHEPU COLOMBO

BRANCHES:-

LONDON

LYOKA

MALAGA

MANILA

MUXDES

NEW YORK

PRIMING

DAIREN

POOCHOW

HAIFHORD

HANDURO

HANKOW ARDIN

IPOH

JOHORE

KUNK

MCAB fokos)

PENANG

RANGOON

FAIGOM

*AN FRANCI800

SHANOUAI

KINDAPOBB

SOUBASTA

BATAVIA

DUMBAT

HAYBURU

HARBIN

PRITING king!

SEBARANG

-EREMBAN

SHANGHAI

SINGAPORE

NITIAWAN

BANKOW

HONG TONG

ΤΑΙΡΙΚΟ

ILOILO

ΣΤΟΥ

KARACH

KLANG

XOOX

KUALA LUMPUR

BOURAGATA

TIENTRIN

TONGKAN (Dhuket)

THINGZAO

YONDRANA

ZAMBOANGA

And

THE CHINA MAIL.

and

Commerce

Finance

MERCANTILE BANK WILL PAY 6%.

Total of 12% For The Year.

SHARE MARKET.

TRADE WITH RUSSIA. Protecting Home Industries.

Suggestions to the Government'

WEDNESDAY, MARCH 15, 1933.

LEGISLATIVE COUNCIL

Agenda For To-morrow's

Meeting.

TOBACCO DUTIES

NEGLECTED RIVER OF LONDON.

New Scheme To Provide Passenger Boats.

na to the form any new agreement between this country, and Soviet At the Legislative Council Meat- contained ing to be held to-morrow afternoon The Official Summary of the Russia should take are Stock Exchange issued, this mor- in a report which has been preparat 2.30 p.m. the Hon. Mr. W. T

ed by the Association of British Southorn, the Colonial Secretary. CLIMATE AND TIDE BOGEYS ning:

Chambers of Commerce.

will move that the Council approve

London. Trading remained restricted this

The Association's point of view the construction of the Tytam Tuk

Another attempt is to be made morning, but business of a gener-

the two countries on a reciprocal $690,000.

to provide a passenger service on The Mercantile Bank of India, al nature was transacted in a small is that the new agreement should Catchwaters, at an estimated cost of

basis and provide not only for the That the Council authorise the the Thames for Londoners. A Annual General way at current rates. Limited, at the

A slightly better undertone was protection of British Industries' said sum of $690,000 to be charged scheme

for providing covered Meeting of Shareholders, to be held. in Londen, will declare a Final Divi- evident in China Lights and Hotele, and agriculture, but for the pro- to a further loan, and sanction an motor passenger boats has been dend of 6 per cent, on the "A," "B" and in the investment section. Star tection of Dominion industries and advance of a sum of $300,000 to be and "C" shares (making a total of Ferries, Telephones and Electrice agriculture as well, in conformity spent during the financial year 1933, prepared and the preliminary de- with the principle laid down in from the surplus balances of the Bign of the boats has been ap- proved by the Board of Trade. 12 per cent. for the year, less Income were in fair demand.

Article 21 of the Agreement with Colony.

The Hon. Mr. E. Taylor, Colonial The pontoon sites on the Ham- the Canadian Government adopted

the following mersmith-London Bridge se lion Treasurer will move at Ottawa in August, 1932.

have been approved by the Port Further it is considered essential resolutions:-

of London Authority as regards that the Resolved that, in any new agreement, Rus- sian shipping should be given no Tobacco set forth in the Resolution navigation and complete details advantage over British shipping passed by this Council on October of the scheme have been submit the ted to the London County Coun- The present unfair working of the 22, 1931, and published in Soviet monopoly of foreign trade Government Gazette of October 28, cil..

Whether the latest scheme. should be altered, states the re 1931, by Government Notification

and subject to which is to be financed by pri- least one-half of the No. 666 be varied port. At

con- the provisions of sub-section (2) of vate enterprise, will be more for- freights, insurance, &c., in nection with the shipping-services section 6 of the Tobacco Ordinance, tunate than its predecessors re- to be seen. In recent should be British.

1931, (Ordinance No. 39 of 1931), mains

years a number of such schemes the duties payable:-

[Tax). £25,000 will be placed to re- serve. £10,000 written off Landed and House property and £170,000 carried forward to the 1933 account.

EXCHANGES.

TO-DAY'S QUOTATIONS,

HORGIEW

KOWLOOK

KUALA LUMPUR

HUNUB PATANI TIENTHIN

TOKYO

THINGTAO" YUKOHAMA

Curreal Souple opencat is Local Currency and Fixed Depolis remivel for one of kamdan Tand Curtenay and Marling on term which will be gustel on applicatim. Hong Kong, 26th February, 1933.

HONG KONG SAVINGS BANK.

The Same above Bask is dueled the HONG KONG AND BEANGHAI MAKE- IM CORPORATION. Eu'as may be obstinać Mappilastics.

THE HONGKONG AND HAMONA ***KING CORPORATION.

V. M. ORAYBURN, Hong Kong, 26th February, 1933.

Exchange

Foreign Banking business transacted.

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

A. BREARLEY,

Macager.

Hong Kong, 17th November, 1932.

THE RANK OF TAIWAN, LTD. On Paris-

(TAIWAN GINKO.)

HEAD OFFICE:-Tulpeh, Formona. Incorporated by Special Imperial Charter, 1899.

Central Back in Formons Bank-Notes annoć Average 2001 Yeu 15.000.000 BRANCHER AND AGENCIES. JAPAN:-Tokyo. Yokohama, Kobe, Deaks.

KM. Xarako Rilung. PORMOSA

Makong, hable, Ebincali, Talebu, Tan Takso, Tamui, Town, fluit, falle.

Amor, Poorhow, CHINA:-Skoogia, Inkow,

Babaw, Calon.

OTNERA

OVERSEA-CHINESE BANKING. CORPORATION, LTD.

(Incorporated in the 3traila Settlement) SUCCESSORS TO

The Its Hong Bank, Ltd.

The Chinese Commercial Bank, Ltd. The Oversea-Chinese Bauk, Lid.

Head Office:-Singapore.

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

Authorised Capital:-

Straits $40,000,000,00,

Paid-up Capital:-

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

of Banking and Every description Exchange business transacted.

Chua Keb Hai.

Manager.

Sales

Hong Kong Banks $1655. Providents (Old) 84. Hotels (Old) $7.70. Hotels (New) $7% Hong Kong Lands $75. China Lights (New) $9.30. Hong Kong Electrics $75. Telephones (New) $274. Cements (Combined) $7.70.

....Buyers.

Hong Kong Banks $1656. Canton Insurances $1350. Hong Kong Steamboats $22. Benguet Explorations 20 cents. Docks $18.

Providents (New) $1.40. Hotels (Old) $71⁄2.

Hotels (New) 97.30. Chinese Estates $95. Ewo Cottons Tls. 13.30. Hong Kong Trama $21. Star Ferrics $89.

Cements (Combined) $74. Dairy Farms $27.

General

On London-

T.T.....

On demand

1/354 1/3%

4 months' sight... 1/3% Credits 4 months'

sight

1/4/2

On New York-

On demand

22%

Credits 60 days'

sight

23%

On demand

567

Credits 4 months'

singht

6072

On India-

T.T.

86

On demand

86%

On Shanghai---

On demand

761⁄4

China Lights (Old) $11.85. China Lights (New) $94. Hong Kong Electrics $74.

On Kobe-

On demand

104%

On Manila-

On demand

44%

B. Ind. G$ Bonds 64%%. Govt. Loans 42% Prem.

Lond. Sagapo, Boerabaya, Hablarang, Belaris, Bomb, London, New York, Darah.

On Singapore--

On demand

50%

On Batavio-

On demand

55%

On Saigon-

On demand

66%

Malabon Sugars $18. Watsons $11.

142

United Theatres Tls. 5.

Sovereigns Bank buy-

Ing rate

1/4%.

17 11/16

Nomina!

Copper Can Copper Cents

Nominal

London, Yesterday.

1. prem.

Paris

of Native In- terest

New York

31⁄2% Date 29% dis

Montreal

Brussels

Geneve

17.754

Amsterdam

8.52

67%

14.42%

LONDON BANKERS

Barclays Bank, Lid. Aloyds Bank, Lid. Midland Bank, Ind., Westminster Blank, Lid.

The Bank has Correspondesia to all the princija! Commercial Centres throughout the world. E. NAGORA,

[UGM. LUXO_BHANCE

Маса

, Do Your Load Darises. Hong Kong. Dober 4, 1301

}

NEDERLANDSCHE HANDEL MAATSCHAPPIJ, N.V.

¿NETHERLANDS TRADING MOCIETY)

BANKHEA

Kablished 1520

feng Long Office 1-11, Quane's howd Chair).

Authorized Capital .1. 150,000,000) .1. 80,050,000) Pald-Up Capitai Reserves

.f. 20,016,000

THE BANK OF CANTON, LTD. Pros: Banjormaaln

Retablished 1912.

Head Office:-Hong Kong.

Sulkorland Capiw (B.X. Ourrency) ......$11,000,00

- 1,060,000 P-Up Capital ......

1,300,000 Saver Fond

BRANCHES

Canton, Shanghal, Hankow, Bangkok,

and San Francison,

LONDON BANKERS~~

The lord's Bank, Lawited.

OOKESPONDENTR

In all print, ills of the World.

Forgs Euangs and booking balzam of

racy descriplice transacted.

Une Deposit Bonas (various sizes) ai u yosely

wwe of Lom $8 to $40.

LOOK POONG SHAN,

Chief Manager.

On Bangkok-

On demand

Bar silver per oz.

Bar Silver in Hong

Kong

Kate

Chinese Sub. Coin Hong Kong Sub. Coin par

THE BANK OF EAST ASIA, LTD.

Head Office: Hong Kong. No. 10, Des Voeux Road Central. Established: 1918.

Elend Off-AMSTERDAM”. Rosses Blood (Moss-BATAVIA

Bas down. Boobay.

Djok Choribon, Djember, Cairalla jakarte", The Baguio". "Siddah. Moon, Makar Medan, Palming. Fal loogbo, Penang, Reagoon, hostardam". Paid-up Capital Becherung, hangin, Bingspare, doers

Reserve and Undivided

Proits

bele, borralarte (Solo), Tagad Te and Weltevredec".

* The Brigs bava Bafe Depoul Bose to Let.

LONDON BANKERS :--

Authorised Capital

Sellers.

Raubs $102.

Providents (Old) $4.10.

Shanghai Docks Tla. 95. Shanghai Cottons Tis. 69.

تومان

LONDON EXCHANGES.

Millen Berlin Stockholm Copenhagen

Oslo

Vienna

Prague Helsingfors Madrid

87 7, 16

3.441

4.134

24,57%

18.90

22 7/16 19.55

Access to Markets

as it is It is pointed out that contemplated that on the termina- tion of the Five-Year Plan the de- mand for machinery and tools will from this largely cease, exports country to Russia may in future be much reduced.

duties ON

1. upon all tobacco imported into have been prepared but have the Colony after the coming been killed for one reason or an- into operation of this resolu-other.

One of the factors operating tion, and

Thames passenger

2. upon all dutiable tobacco al-against a

ready in the Colony at the motor-boat service is the strong coming into operation of this tide that runs in the Thames which so speeds up the boats run- -resolution

To provide against this con- tingency, the Association considers shall be as stated in the following ning with the tide and slows that Russia should give access to table per pound weight: Provided down those going against it as to its immense markets for Con that the dollars and decimals thereof make it difficult to operate a ser- An- sumers' goods.

stated in the table shall be conven-vice at regular intervals.

reckoned 3.8 the other is the British, climate It is considered that the agree- tional dollars ment should provide for the grant-equivalent of one shilling and eight which many people think would ing of facilities to any such trade pence sterling; and that consequent deter Londoners from using the at the actual amount river except in fine summer wea- delegation as may be found neces-ly to arrive sary. There should be adequate payable in Hong Kong currency the ther. It is, however, a fact that, Consular representation of Great conventional dollar stated in the while the upper reaches of the Britain in Russia.

Table shall be multiplied by 20 and river seem to be losing slightly the pleasure The committee of the Associa-divided by a figure settled by the in popularity,

time to steamers on the lower reaches tion which has been considering, Colonial. Treasurer from the question is opposed to the ex-time representing the average open-in summer are more and more Reuter. tension of the system of exporting selling rates for the previous patronised every year. →→→ credits for the promotion of trade month of the Hong Kong & Shang- with Russia, and believes that if hal Banking Corporation for de DEPRESSION HITS MILK, MEAT trade between the two countries is mand drafts on London and until so arranged on a reciprocal basis it settled the figure shall be 15.40. should prove unnecessary. In the The Attorney General, the Hon. event, however, of it being noce-Mr. C. G. Alabaster, K.C., O.B.E. sary to grant credits to promote will move the First reading of :-- trade with Russia, the security for such credits might take the form of a lien on exported goods, or some other concession.

BOOM IN GARDEN PRODUCE.

31 Nominal Good Crop Year Predicte

116 227

40 11/16

$10,000,000,00 5,698,600.00

Lisbon

Athens

110

005

2,312,000.00

Bucharest Belgrade Rio

58G

2521/

5% Nem.

Buenos Aires

41 OMetal 1/6

Shanghai

1/8 15/32

Hong Kong Yokohama

1/4 1/3

Branches and Agencies:---

Peiping

NATIONAL PROVINCIAL BANK LAD. Correspondente ali orge the world. Tanking Bos Calcutta

Penang

Rangoon

Sulgon

Sun Francisco

Amoy Battsda Bombay

nom i nowy description tranBEAT ON),

Canton

4. RTOYKINE.

Maonger

Hong Kong, 21st June, 1982.

Kobe Kowloon London Manila

Haiphong Haskow Honolulu

Seattle

Semarang

Shanghai

Singapore

Sourabaya

Swalow

Sydney

Teihoku

Tientsin

Tokyo

Vancouver

THE

INC.

AMERICAN EXPRESS COMPANY, Melbourne

Nagasaki New York Osaka Paris

Read Office: 65, Broadway. New York.

THE YOKOHAMA SPECIE BANK. LIMITED.

Established 1880.

Capital Burplus Reserved

Capital (fully paid-up) Yen 100,000,000) Reserve Fund.......Yon. 119,750,000

.U.8.$8,000,000.00

.J,S.$1,832.882.04 ‚U.9.§1,458,114.79

BRANCHES :-

Amatoriam

Caton

och prod

Busin

Head Office:-YOKOHAMA.

Barks

Barthe

Brunches and Agencies at:

Bombay

Glasgo Horsen Hamburg Hares laserlakon Faraosient

Parse Prang Felping

Purme

Alexandria

Nagasaki

Batavia

Nigora

Bromela Bousse Lives

Newchwang

Lido London Liverpool Lor Lagana

Halagedam

New York

* Osaka

Berlin

Bombay

Calcutta

Canton

Dairen (Dalay)

Paris Peiping

Fengtien (Mukden) Rangoon

Hamburg

Bankow

Barbiz

Hoar Konr

*Bonalaiu

Haining

Kal-Yuen Karachi

Kobe London

Rio de Janeiro

San Francisco

Seattle

Semerang

Shanghal Ehlmonoah Bizzapore

Galze Oslerita Cannes

Closeabagon Bimbergh

Geeri

د دور

Marlee Monta Dada Manila Munich Monrona

Blansbol Bhang Bouthampto Blagspore

B. Martin Timidia

Vicles Yokohama

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

All clauses of Commercial Banking Transactions undertaken.

Yokohama Correspondents in all principal cities: of the World.

Bombay

For Britain.

London,

A Bill to amend the Criminal Procedure Ordinance, 1889.

A Bill to amend the Summary Offences Ordinance, 1932.

AND BREAD.

Budapest. Statistics published here show that, owing to economic condi |tions :-------

Milk consumption is falling; meat consumption is falling;

A Bill to amend the New bread consumption is falling.

The on increase shown is Territories Regulation Ordinance, from 13,860,000 gallons in 1931

1910.

A Bill to amend and consolidate to 14,520,000 gallons in 1982 is the consumption of water. — the Full Court Ordinances.

Reuter.

Money Votes.

The following four items will be

considered for approval, by the plementing by a further

Finance Committee of the Legisla-| Live Council when the Council meets $20,000 to Lo-morrow afternoon.

The Public Works Department Bumper crops of flowers and vegetables are predicted for this have put in for two votes for auma year in Great Britain by the of $55,000 and $20,000 respectively. while Miscellaneous Services have Ministry of Agriculture.

Reports from all over the coun-also put in for two votes for sums try from Lincolnshire, Nor-of $2,000 and $1,000.

The following are the detailed folk and Cheshire to Cornwall and the Scilly Isles indicate that items:

Public Works Extraordinary, crops are now "good" and "very!

Hong

works:- Kong:-Water Meters $55,000.

South Africa 2 99%-100% per good."

£100 sterling. Silver Spot

.... 17 11/16 Silver Forward ... 17 War Loan 32%

.. 99% -British Wireless Service

Provision made in Estimates $140,000.

sum of meet the cost of new meters required against this year's demands.

The position at present le as follows:- Applications outstanding Additional applications estim-

mil

ated to 31.12.38 Meters available for replace-

ments

1,600

23

Total

1,528

178

960

400

1,525

Store Meters issued from Cabbages, cauliflowers, kale,

awaiting axing lecks, onions, rhubarb, and tur-

Meters on order nips, grown in the great market!

It is anticipated that the amount Balance required districts all show excellent pros-of $140,000 already voted for the pects this year.

supply of meters will require supple- Total

a further sum of

The revenue from water excess meet the cost of new and teler rental for the year 1982

Spring flowers' particularly including daffodils and narcissi menting by

are reported from the nur-meters required against this year's amounted to $1,318,440 which is an INCREASED PROPERTY PROFITS grown both indoors and outdoors $55,000 to

series of Devon, Cornwall, and demands.

The position at present is An advance from £29,732 to the Seilly Isles as being extreme

follows:-- Reuter.

Applications outstanding Every description of Banking and £30,120 is reported in profits by the ly good. Exchange business transacted. Loans Lennards Real Property Company.

Additional applications estim- grated on approved securities.

ated to 31.12.83 Safe Deposit Boxes To Let.

KAN TONG PO,

Chief Manager.

THE MERCANTILE BANK OF

INDIA, LTD.

ސ

HEAD OFFICE:

18, Gracebach Birsek, Londen, EUS.

Authorised Capital

Subscribed Capital

..£3,000,000 1,800,000 Paid-up Capital ....... 1,050,000 Reserve Fund & Rest. 1,217,917 BANEREL

The Based Marinué & Midland Book, Tád.

BRANCHER

Colombe Dalid

Fangom Shanghai

Bile

Bangkok Batavia Berpuny Calosia

Ipoh Kandy Jurnald

Tenang

Pork La

(Mauritius)

Lola Bars

Kuala Liple

Kuala Lumpur

Kunnian (Falang) flingspoes

New York

HONG KONG KHANCH.

Galia

ELOW

Perconst investment accounta bandlad.

Bury down of Bankdag and Ezolnaya bual. cess transacted.

Boerabaya Bydney Tientain Tokyo Los Angeles

The Company offers to intending Travellers Chenna innad. Mardia

Telagtan

Trustee and Executorships under- Internat allowed on Current As-Travelers the use of ita ("Travelers

Cheques") and Letters of Credit and, taken. DOWDER.

Deposits received for fixed periods in addition, the world-wide services INTEREST allowed on Currani Azmente, and Et raies to be obtained on application of its thoroughly equipped Travel De-laps at Kalan that sony by amenzialme

EL MORL

Maneget,

Hong Kong, 11th March, 1998.

partment

J. B. ROSS,

Mankest.

| on application.

Z. W. DUGGAN,

Queen's Book Control.

Manager

Hong Kong, 7th April, 1982.

The Ordinary dividend is maintain- ed at last year's rate.

increase of 25 per cent. approx!- Bately on the revenue for 1981.

3,250

000

Meters available for replace-

ments

38

Total

4,189

issued from Meters

awaiting fixing

Store

COAL SHIPPING INCREASES.

Increased shipments of coal and coke were made from the Tyne last! WEATHER FORECAST

to Finland, Denmark, West year To-day's weather will keep mo-Indies, Australia, Canada, New- fine with East winds, 'foundland, and South Africa, it was derate to

Balance required states the report issued from the stated at the Tyne Improvement Metera on order

Commission at Newcastle on Tyne. Royal Observatory.

PHOTO SUPPLIES.

PHOTOS TAKEN DAY AND NIGHT. Zeles, Kodaka, Cameras, Films, Plates, and Paper, etc, Developing, Printing and Enlarging. AT 24 HOURS' SERVICE

Price Moderate.

A Trial Order is Solicited,

THE KWONG KWUI CO., LTD.

74, Queen's Road Central, Hong Kong. Tel, 22170,

A supplementary vote for $20,000 la accordingly requested.

Empire Fair.

Miscellaneous Services:

Er.

penses in connection with the Empire Fair $2,000.

An application has been received from the Empire Fair Committee for financial ssalatance to the ex- 477 penses of a Trade Fair which it is 2,612 proposed to hold on Empire Day.

A grant of $1,500 was made for 1,100

this purpose Inst year and in view of 4,189 the intention to make the Fair this The revenue from water excess year of a somewhat more extensive and meter rental for the year 1982 naturo Government is prepared to amounted to $1,818,440 which is an make a grant of $2,000 for which a increase of 25 per cent. approxi-vote is now requested. mately on the revenue for 1981.

Total

A supplementary vote for $55,000

is accordingly requested.

Kowloon.

Librarian.

Miscellaneous Services:-Libra- rian, City Hall $1,000.

For the purpose of examining and cataloguing the library of the City Mrs, P. E. Public Works Extraordinary, Hall the services of Kowloon:-Waterworks:-Meters Parker have boen engaged at a re- muneration of $150 per month for Provision made in Estimates a period not exceeding 6 months. $60,000.

$20,000.

A vote for this minount is requested

It is anticipated that the amount together with a sum of $100 to

of $60,000 already voted for the cover incidentals.

'supply of meters will require sup-P.W.D.

W