1933-08-08 — Page 4

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION,

TMW Z8ly Pallup moments 16,296,300 Kanerve Punk 20

2 6.901.200 Barting www.

Reserve Liability of Propešatora na 180,

HEAD OFTIUS: HONG KONG.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1858.

30

ERAD OFFICE: LONDON.

Paid-up Capital

Esserre Fund ...

Reserve Liability of Pro-

prietors

-£3,000,000. £5,000,000

•$3,000,000

BOARD OF DIRECTORS 1–

Agencies and Branches:

ALOS SZAR

AKRITSAR

KOORING

MADRAS

I. E. Para, Bog

Chairment.

T. K. IL SHAW, Raj,

Deputy Chimes.

J. K. Borsteld, Esq.

H. Dodwell, Esq.

4. XL. Dempton, Kes. GORT. 0,0.8. Muckle,

7 Workin. Eng.

Hon. Mr. J. J. Paterson,

1. &. Planner, Bas.

1. hourphy,

Acting Chief Manager.

BRANCHES LO

LONDON

GTONE

MALACIA

MANILA

KUAN (Johor)

AMOZ BANGKOK BATAVIA

CALOUTTA

CANTON

COO COLOMBO

KUKORI

NEW YORK

PEXANO

B&RGOON

BAIGON

FELPING

DAIKEN

FOODBOW

KALPHIONU

HAXBULO

KAN PELECINOG

HANKO

SHANGHAI

HARDIN

KINGAPORE

BUNGEI PATANI

TIENTSIN

HOWKET

HOLLO

ТРОМ

JOHOLZ

MORE

KOWLOOK

KUALA LUMPUR

SOUTAMAYA

TOKYO

THINGTAO

YOKOHAMA

Curran nie opened in Lonal Cerronry and Fited Baporte renaived for one y

charter periode in Loul Omeroony and Giartint on boring which will be quoted or applicatam

Hong Kong. 22nd May, 1938.

HONG KONG SAVINGS BANK.

The Boston of the shorn Bank ir sandsoned by the HONG KONG EXU #HANGHAI BANK- ING CORPORATION. Halos may be obtained

TOS THE HONGKONG AND SHANGRAI

RKING CORPORATION.

LK. MURPHY, Acting Call Manager.

Hong Kong, 24th April, 1988. :

SAFETY FIRST!

To Safeguard Your Valuables

and Jewelleries,_

Deposit them in a Vault

that is really: FIRE - PROOF BURGLAR - PROOF

DAMP PROOF !

OUR SAFE DEPOSIT VAULT located on the Mezzanine Floor of Our New building is Specially Con- structed to provide all of these Im- portant Qualities.

You may obtain a Safe Deport Bex in this most up-to-date Vat for your own use at a very moder- ate Rental

Inspection Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeur Road, Central

BANGKOK BATAVIA

- BOMBAY

CALGUNTA CANTOM

CAWSPORN

CEBU

COLOMBO

DELET HAIPHONG

HAKATRO BANKOW

HARITI

EPOR

KARACHI

KLAXO

ZOB

MANILA

KEW YORK

PRIPING (Tuking! PENAKO

SANFOOK BATOON

SEMAKANO

JERZYBAN

SHANGHAI

BINGAPORE

NTIAWAN

BOUREDATA

TREX THIN

TONGKAR (Braking PETROZAO

4

YOXORAMA

KUALA LUMPUR LAMBOANGA

Foreign Exchange and Banking business transacted.

A. BREARLEY,

THE CHINA M

Commerce and

Finance

NEW YORK STOCK EXCHANGE

A.O.F.C. Quotations.

New York, Yesterday. Dow Jones Averages.

Last To-dar'a· Changes. Aver. Aver.

30 Industrials 92.62 92.55 .07 down 20 Rails

...

20 Utilities

40 Bonda

43.77 46.96

.08 down 30.73 30.04 .69, down 87,91 87.29.

.02 up Messrs. E. A. Pierce & Co. Re- port:—Frankly, comment on the market is difficult. The street appears to be bearish rather than bullish but most bearish

expres- alons are apparently lacking con- crete foundation. "It stems that

"EXCHANGES.

TO-DAY'S QUOTATIONS.

-On London-

T.T.

On demand

4 months' sight

1/4% 1/4%. 1/4/

Credits 4 months"

aight

1/5

On New York

On Demand..... 31 Nom Credits 60 days'

sight

ΝΟΥΣ

On Paris.

On demand

Credits 4 months"

sight

585

625

more than talk is necessary to de-On India- General press the market seriously below

T.T.

91%

91%

On Demand

111

the present levels. “Wheat: Fea- On demand Currect Accounts opened and Fixtureless. Trading has been light. ed Deposits received for one year of Commission hauses liquidated on On Shanghal- aborter periods at rates which will be

rallies. The smaller European re- quoted on applicatios.

¡quirements, plus light increased

hedging are tending to discourage On Kobe Hong Kong, 17th November, 1932. bullish enthusiasm. "Cotton: Er-

On Demand Iratic. Early in the day values de-

clined on long liquidation but ral-On Manila— THE BANK OF CANTON, LTD,led later on purchases of about⚫ On Demand

30,000 bales for March and Decem-On Singapore- ber. Later the market eased on

On demand increased long liquidation. "The On Batavia- average guess of 76 members of

On demand the New York Cotton Exchange on On Saigon- to-morrow's cottton production re-

On demand port gives. 10,998,000 bales, while the average of 11 private reports give 11,145,000 bales, (Acreage re- Vision included)."--Reuter.

Established 1913.

Head Offer:-Hong Kong-

་

Ailerived Capliet (EX. Garrnacy) .........$ (1,000,000 Pull-Up Onglial Kamera Tad

►

Cachon,

man

BRANCHES |--

LONDON BANKERS

The Lloyd's Bank, · Lindled.

CORRESPONDENTS

In all pripeljal cities of the World.

6.565,000 1,150,

Foreign Exchange and banking bustness of

every damoription inkassoted.

Bale Depois Boxes {racions along sa u yaariy read of troca # we'#48.

LOOK POONG SHAN,

THE BANK OF EAST ASIA, LTD.

Head Office: Hong Kong.

Business Done: 770,000 shares.

Last To-day' Price

Price

Air Reduction

On Bangkok-

ing rate

Chinese Sub. Coin... 32% dia Hong Kong Seh, Cola par.

SWEDISH MATCH

114

01%

591⁄4

56%

532

On demand Sovereigns bank buy-

134

175

Ear silver per az.

17%

Bar Silver in Hong.

95

95%

Kong

Not

Allied Chem. & Dye... Amer Can

117%

Copper Cab

Nominal

Chief ManagerTmer. Tel. & Tel.

Amer. Tob. "B"

Amer. Smelting

8434 33

84%

.123%

33 123%

Copper Cents ..

1% prem.

85

86

Rate of Native in-

terest .....

31% p

Amer. Waterworks

27

Araconda Copper Mining

16

Auburn

53

Bendix Aviation

15

15

15

Borde

Borden Co.

31%

32

Canadian Pacific

16

155

Case

GG4

Caterpillar Co.

2014 19

2847 27%

Chrysler Motora

32%

33%

Consolidated Gas of N.Y.

51

49

exdiv

3%

454

46

Du Pont de Nemours 2,312,000.00 Eastman Kodak

Elec. Auto-lite Co. Elec. Bond & Share

58%

70

པ

74% mutilated

17

47

23%

22

General Electric

Elec. Power & Light

924

General Foods

35

35

3D

General Motors

29

Gillette Safety

28%

13% 13

Gold Dust

214

20%

Internat. Harvester

36%

33

Internat. Tel. & Tel.

141

Liggett & Myers, ""

14

914

25

928

to Kr.2.994,381.

20 72

Montgomery Ward

20%

The profit and loss

Ifor 1931 showed a

National City Bank

National Dairy Pro.

3214 20

31

Kr.25,588,239.

194

Otis Elevator.

174

1644

Pacific Gas & Electric Packard Motors

25*4

Pennsylvania Rly.

Brands

34%

35% 234

35%

20 1314

No. 12, Des Voeux Road Central, Established: 1918.

Authorised Capital Paid-up Capital

Reserve and Undivided

Profits

#

Chase National Bank

$10,000,000.00 | Curtiss Wright 6,598,600.00 Drugs, Inc.

Branches and Agencies:-

Peiping

Amoy

Batavia

Bombay

Calcutta

Canton Haiphong Hankow Honolulu Kobe

Kowloon

London

THE BANK OF TAIWAN, LTD. Ha

(TAIWAN GINKO.)

HEAD OFFICE:-Taipeh, Formoss, Incorporated by Special Imperial

Charter, 1899.

Central Bank la Formoon.

Manila

Melbourne

Nagasaki

New York

Bank-Kolor legend Kveses amount. „Ton, $6,000,000 Canka

BRANOSES AND AGENCINCH) +

JAPAN —Tokyo, Jakakens, Kobe, Desks

Esgi, Karenko,

Paris

Penang Rangoon

Saigon

SAG Francisco

Seattle

Semarang Shanghai Singapore

Sourabaya Swałow

Sydney

Talhoku Tientsin Tokyo

Vancouver

Yokohama

gener

Loew's Inc.

Biscuit

Correspondenta in all principal cities Radio Corpn.

Maisong Nasts, Bisokim, Talc, Tianaf the World. Takso, Tamani, Mosa, Hallo, faisai OKENA 1-Bhengual, Eachow, Anoy, chart, Every description of Banking, and OTHERS -Long. Koor, Singapore, Baby, Exchange business transacted. Loans

Bugnarung, Batavim Bombay, London Hegrated on approved securities. Tork, Dairen.

Swalow, Canion.

LONDON MAWIERS:

Parclays Bank, Indy, Lalapės Bark, Lid

Midland Back, Lady Westendarter Bank, E4.

The Bank has Corespondante la all the principal Jommercial Cecina skroughout the world. E. MAGURA

БОГО ДОМО ВЕЛИСЬ

1. Der Vores Bond Central. Hong Kong Ducotuber 16, 1181LL.

Kasagw

THE TOKOHAMA SPECIE BANK,

LIMITED.

Established 1688.

Safe Deposit Boxes To Let

KAN TONG PO,

Chief Manager,

THE

AMERICAN EXPRESS COMPANY, INC.

Head Office: Broadway. New York.

Capital Surplus Reserves

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

Yen. 119,750,000)

Head Offer:—YOKOHAMA.

Branches and Agencias atı

Alexandria

Babaria

Bombay

Calcutta

Canton

Dairen (Dainy)

Nagasa

Nagors

Newchwang

New York

Peiping

Fungtien (Kukden) Rangoon

Hamburg Hakow

Fartin

Honolulu

Halaking

-- Karachi,

Ра

Bio de Janeiro San Francion Beattie

.U.S.$8,000,000,00 :1.8.$1,847,089.17 US $1,718,979.67

BRANCHES

Seara Roebuck Standard sind Standard Gas

Stan

Oil Co, of NJ, 35

Trans-America.

LOSS

Off In 1932,

Correspondence.

TUESDAY, AUGUST 8, 1933.

AUSTRIAN

ADMIRAL'S

NEW ADVERTISEMENTS.

AMBITION THE EAST ASIATIC CO, LTD.

COPENHAGEN.

THE CHINESE BATHING CLUBS Wanted "Duel" With The Danish Motor Vessel

(To the Editor, "Chinh Mail")

British Cruiser. WAR-TIME COMBAT DISTURBED

་ ་

Budapest,

"FALSTRIA"

having arrived from Portland, New The Chinese Bathing Clubs

Los Angeles, consignees of cargo are Westminster, Seattle, San Francisco & It has been reported that the Government Intends to resume the

hereby informed that all goods are North Point Beach where the eight

being landed and placed at their risk The great wartime ambition, of hazardous Godowns of The Hong Kong

into the hazardous and/or Chinese Bathing Clubs are situated

extra for reclaiming the area for com- the Hungarian Regent, Admiral and Kowloon Wharf & Godown Co. mercial development and that a Horthy was to take part in a as soon as the goods are landed.

Ltd., where delivery CD_

be obtained petition is belag presented by the "Naval duel" to match his

No claims will be admitted after the said clubs praying for the retention

goods have left the Godowns and all cruiser against an English crui-goods remaining undelivered after of their sites.

subject to rent.

It will be a pity if this resumpser of equal tonnage. This in the 15th August, 1933, at 4 p.m. will be tion is actually going to take place revealed in the diary of his in- since the climate in Hong Kong is timate friend. M. de Kozma, where they will be examined by

such that the Summer months are

broken, chafed and damaged are to be left in the Godown, Messrs. Anderson & Ashe on the 14th {August, 1933, at 10 m.

All claims

the vessel must againat

they will not be recognised.

long, and the only and most plea- which will be published soon. sant recreation during the hot "As a keen sailor I always con- summer days the inhabitants can sidered the English the most be presented to the Undersigned with jenjoyed is ses bathing.

Recreation is most essential in worthy opponents, and during developement of physical the war I always wanted to fight health, and in all civilised coun-with an English cruiser of the tries recreation of all sorts is besame tonnage as mine under |ing encouraged by the Government ·

[the

and public bodies and the interests equal conditions," His Excellency of the general public always given told M. Kozma on one occasion. ¡deep thought.

The diary relates that Admiral Hong Kong, in its natural posi-Horthy came very near to realis- tlon, afforded sea bathing in the

in ten days of the ships arrival, or No Fire Insurance will be effected. Bills of Lading will be countersign-

ed by

JOHN MANNERS & CO., LTD. Agents.

Mercantile Bank Bldg. Hong Kong, 8th August, 1933.

PUBLIC AUCTION.

THE Undersigned have received instructions to sell by Public Auction

past without much cost to the ing his ambition. community but slowly and surely One day his cruiser, the [the beautiful beaches within easy Novarro, was cruising along the access of the city have been taken Italian coast when an English away leaving only a portion of cruiser came into view. Both North Point which is an ideal loca- relished the idea of a combat. tion by reason of accessiblity and "Shooting on both sides was cheap transportation; in addition Very precise," said the Admiral At Godown No. 2, The the beach too is large enough to with professional appreciation: Provident Loan & Mortgage Co accommodate a very large number "and the distance between

118 Ltd, West Point. of swimmers at a time.

gradually diminishing. Then two

ON Wednesday, the 9th. August, 1933, at 11.30 am.

China

Hong Kong, 8th August, 1933.

The adoption of pool bath aa English dreadnoughts appeared 953 Sacks "Conqaror" Flour. euggested in the leader of a local behind the English Cruiser!" (more or less damaged by water)

is not! The odds were too uneven. The paper of Saturday's date

Terms: Cash on Delivery. practicable on account of the en- cruiser "Novarro” made off at]

LAMMERT BROS. ormous number of Chinese who are full speed.

Auctioneers. indulging in swimming to-day and Compliments Exchanged, there is a tendency that this num The Admiral was very much' ber will be increased 18 time goes annoyed, and wirelessed the fol- FASTEST on, and. besides there is the quee- lowing message to his opponent:[ tion of cost.

"Would like to have fought the Being affected by the World de-'duel to an end, but your dread- be denied that noughts forced me to give it up. pression, it cannot the trade of present day in Hong You might tell them to go to the Kong is far below that of ten years devil and then we ago when the reclamation work at peace." Prays East was in progress. In The English vessel replied: view of the present depression the "It would have been a great

mercial and

MOUNTAIN

TRAIN

can fight in Sydney-Nowra Express

Hits High Speed

TRIAL RUN SUCCESS. " Kr. 522,000,000 Written Praya East Reclamation ought to pleasure for me to have fought a provide ample space for both com- duel with you. I know that the

Sydney, N.S.W. residential expansion ship before me is the Novarro

The new South Coast Express without having to reclaim other and that it is commanded by for the Sydney Nowra service was The profit and loss account for parts of the Colony so urgently at Admiral Horthy. Therefore I given a trial run from Sydney to 1982 of the Swedish Match Co. this time. That the new housea on would have considered the fight Mt. Victoria as the Caves Express shows a loss for the year of Kr. the Reclamation nave been taken up an especial honour.

But unfor recently. 22% 522,791,359. After deducting the so readily by occupants, as soon as tunately I am not in command, 15 tons, it reduced the

Despite an overload of credit of Kr.10,785,740 brought they are built, does not mean that and cannot send the Dread schedule of 42 minutes to Penrith ordinary in, there remains a deficit of this is entirely due to expansion of noughts back, however much by two minutes three seconds, and Kr.512,005,619, which is to be the population. An investigation would like to do so." met by a transfer from reserve, into the old section of the Eastern

reached a maximum speed of 69.26 After the war the commander miles an hour over South The reserve will then be reduced district and other parts of the of the British cruiser visited viaduct.

Creek Colony will reveal that many flats Budapest. account have been vacated, the tenants hav- The Regent, hearing of his Valley Heights, which has

The climb from Emu Plains to loss of ing shifted out to the more ven- visit, invited him to stay at his average grade of 1 in 60, proved

tilated houses on the Reclamation. palace. Reuter.

The value included in the Lately some houses on the Reclama 25 balance-sheet for the company's tion and the old section of the 4% holdings of Bonds and Govern- Eastern district have reduced their 33ment securities is Swedish Kronor rent, this indicates the usual rule SPAIN'S RELIGIOUS

2226,692,786.

"that the supply exceeds the de- imand."

bonda Under these

Th

Company's Direct Holdings. Interest accrued on

circumstances it is 34% amounting to Kr.12,712,494 in- hope that the Government will con- Socony-Vacuum Corpn., 11%

1cluded in the balance-sheet con- cede to public opinion, and will not Texas Corpo.

21 21

sists of interest amounts which have the reclamation carried out un- tinion Carbide & Carbon 20% 40% relate to the year 1932, but til the time justifies.

which fall due for payment dur-¡'

Yours faithfully, 1933. .Of the above.

AW BOON HAW mentioned sum Kr. 12,674,781 has been received during 1933 to date.

Pacific

Union

1164 116 United Air & Transport 31 31% United Corpn.

9%2 ging United States Steel .... 51% 61% Westinghouse. E. & M.. 40 39% poraible mutilation, † Indiest bid

U.S. RUBBER CONSUMPTION.

London.

FINLAND'S TIMBER

TRADE.

Depression Restricts. Sales.

AZI

no deterrent to speed, the average over this section being 40 miles an hour. From Valley Heights (1055 feet above sea level) to Katoomba

3336 feet) the gradients are very

BAN VICTIMS, Aged And Sick Mayspeed of 24 miles an hour.

Be Homeless.

Madrid.

steep, but the express took the worst grade over the mountains of 1 in 31-near Falconbridgeat a From Katoomba, once the Blackheath ridge is negotiated, there is a fall to Mount Victoria, and the aver A million school children, $50,000¦age speed for this lap rose to 44 sick, 18,000 insane and 15,000 lepera | miles an hour. The total distance now being cared for by institutions of 79 miles was covered in two of monastic orders, are among those hours 25 minutes the fastest who will suffer under the Religious steam' mountain climbing train in Orders Bill, according to the Con-the world. federation of Fathers of Families. The new train comprises six All these institutions are to be luxurious carriages, which will ac- closed in accordance with the newcommodate 212 passengers - 72 law.

Arat class and 140 second class,

Shares in Swedish subsidiaries -Kr. 55,281,004-represent the company's direct holdings in the Swedish subsidiaries. The values The United States rubber con- shown correspond to those placed sumption for June is estimated before the reconstruction com lat 50,000 tons compared with mittee in August, 1932, which

44,581 tons in May.

were arrived at after a detailed Finland's most important branch, Confederation brands the Bill as the for the external construction of United Kingdom stocks are be- valuation of each separate com of export; the timber trade, has been} "most flagrant violation against the the carriages. The fittings are of lieved to have increased by 900 pany's assets, deduction being experiencing a boom, according to rights of the family and the church crow's foot elm and cudgerie in

made for the liabilities of each latest figures company.

Helsingfors.

In making a strong protest, the Queensland cedar has been used

tons last week.

outside of Russia and Mexico."-

Ü

Hexico City

Besson Havana

Hav Heidelberg

Kagie

Paris Peiping

THE BANK OF CHINA. 行𨭆國中

For the first half of the current Reuter,,

As some of the shares in these year, 670,000 standards (of timber) subsidiaries are held by outside bave been sold, as compared with

the first-class compartments and of silky oak and Queensland maple In-

Shimonosed

Singapore Bostabaya Bydney

Lávapecl

Palerme EstionSam

Taormina

Lazial

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

- All einases of Commercial Banking Transactions undertaken.

the second-class. The upholdstery is of leather and moquette. Cor- Izidor carriages are flanked by seats

holders, the board considers it 260,000 standards for a similar WHY FRANCE WANTS ISLAND for two, with a table to every four

Reorganised October 26, 1928, under desirable to mention that in ar period last year. It is estimated)

ernment as an

special charter of The National Goy-riving at the values shown, the that. 900,000 standards could have INTERNATIONAL BICHANGE debts due to these subsidiaries been sold. But because of low by the Swedish Match Company prices a large number of sawmills 825,000,000.00 have been taken in as good for were either at a standstill or had| $24.710,200.00 their full value and no provision gone into liquidation as a result of ...$ 6,820,506.32

¡has been made for the guarantees récent depression:::||

and pledges which they have

BANK Subscribed Capital Paid-Up Capital Reserve Funds

HEAD OFFICE: SHANGHAI

HONG KONG BRANCH:

́4, Queen's Road Central,

given in favour of the Swedish

Match Company.

The total amount owing to the

JAPAN'S FOREIGN TRADE.

IN CHINA SEA

continued from page i

passengers. The train' is drawn by the powerful superheated C35 engine-Bester, and walk-

afternoon :-"The

Japan immediately ' ̈voiced

TYPHOON MOVING AWAY protest declaring that Japanese had colonised the islands years (Continued from Page 1). previously, and although repeated!

An official statement from the requests had been made to Tokyo Royal Observatory was issued this to officially acknowledge the Tokyo." Swedish Match Company by its The Finance Ministry recently sands as Japanese territory, the nearest at about 10 am, this morn typhoon was Owing to our numerous branches. In Swedish subsidiaries and com- made public the figures of action, was never taken Investment accounts China and large connections in the im

Jing, when it was situated about 180 portant commercial: centres of the panles controlled by them is Japan's foreign trade transacted China, issued a statement that miles South West by South of the world, we are able to extend to our Kr.10,541,714, and the Swedish in 16 important ports of the the islands were inhabited by Colony. The barometer then began. The Company offers to intending clients special facilities for domestle Match has debts totalling Kr. country in the early part of July Chinese fishermen and had always to rise, and several heavy equalis Travelers the use of its "Travelers and foreign banking and exchanges. Chequers and Letters of Credit and we also handle the issue of Bonds 39,065,097 owing to its Swedish as follows:

teen regarded as Chinese territory. occurred. The position of the In addition, tha world-wide warrices and other Publle Funds of the Chin: (Bsubsidiaries and companies con-

France has officially Informed, typhoon this afternoon is uncertain, Deposits, redved for fired. riode of its thoroughly equipped Travel Deese Government both at home and trolled by them, at rates to be obtained ́on application

all Interested that she proposes, but it is probably continuing on a merely to establish navigation West North-West-track-and-will- alde on the islands and bas no enter the coast near Kwong Chow intention of: fortifying them. Wan”:

London

Los Angalan

Tokyo

"interest, allowed, on Ourrent

BOUETTE.

Hong Kong, lith March, 1988,

Persons! handled.

partment.–

Yen

abroad.

E. W⋅ DUGGAN,

Manager

SHOD J. CHEN,

Hong Kong, 5th March, 1881,-.-

The net value of the company's Investments in Swedish sidiaries is Kr 26,757,621.

Exports Imports Adverse balance- Total

,000 950,000 $8,002,000 3,898,000