1933-10-04 — Page 4

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Likoriand Ospital

forest and Pally Pull-up 0.000.000 Gourve Fundo :—

Morling.

......

à 1.600,000

Bowerve Kablly of Propriators ... $20,000,000

IRID OPTICH ĐOÀN TONG

BOARD OF DINMOTORS 1—

YEPs, Mag.

Chiru

T. H. Naw, Esq

Deputy Chalemma.

J."K. Bonfield, Ken.

L

1. 18. Dodwell, Kog. . Finau. Mr. X. J. Paternae

43. Comphen, Reg

BMr. E. Mackie.

AMOT

BANGKOK

12TAVYA MEMORA

CALOUTTA CANTON (HEP)

SOLOW DO

DAIREX

FOOCHOT

ATHONG

ALMOURO

HANKOW

AAAAN

MONOKEW

ILONA

SPOR

FOKORE

KOTK

A Ther. Bu

· M. Marzılış, Kme.

Acting Chia Samant

EndLoos

WHAT A LON

M

LOKTO LTONS

MALADCA

MAHILA

MITEDEN

KEW YORK

PRISING PENANG BANOOON

BA100M

BAN FRANC TREA

KITA NOTAT

ALMO & PUR

BOUBABAYA

SÚNORI PATA =!

CENTAIN

TATTO

ISIMATIO

KANKORTAM

Current Accounts beard in

Land) Our

and Flint Deposite vani vad for man

bart parkok in Grond Germany and Berkay storm whink will be goned in application Hong Kong. 22nd May, 1933.

+

HONG KONG SAVINGS BANK.

kaunan of the share Bon) ja antulnaver HONG KONG IND BHAYOKAI RANK JusruBATION

POR IN DONUKUNG AND ENARRA *A DORPORATĪLIS

IN MURPHY,

Arting Chiet Maangre

Hong Kong. 24th April, 1988.

SAFETY FIRST!

To Safeguard Your Valusbien and Jewelleries.

Deposit them in Vauli

that is really: FIRE PROOF BURGLAR - PROOF

DAMP PROOF!

OUR SAFE DEPOSIT VAULT located on the Mazzesize Floor of Our New building is Specially Cop. structed to provide all of these Im portant Qualitida.

You may obtain a Bafo Deport Box in this most up-to-date Vault for your own use at a very moder. Rie Rental

Inspection Cordially invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road, Centre!.

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

Head offICE:-Taipeh, Formons. Incorporated by Special Imperial Charter. 1839.

Óspiral Bank in Formons. Bokstand Ávornés amoest ...Tan 14,0ou not On and after August 15th, 1983, the rate of interest on Special Current Deposit will be at 2% pa. on daily balance and the rate for balance over $10,000 will be quoted on application (Maximum rate-1%).

LONDON BAXXKBO Bardage Book, Lid, Lloyds Bank Gid Midland Bhai Lik. Datamatay Back Eas

The Beak has Cerronpondente in all the princeps! Smart Catene throughout the world'

MONO KONO BANOR.

K. MAGURA.

4. Der Tags Bond Contrai

Wand Kang December M. 18

THE YOKOHAMA SPECIE BANK.

LIMITED.

Established 1889.

Capital (fully paid-up) Yen100,000,000 Reserve Fund .....Yen.121,250,000 |

Hond 06:—-TOTOHANA.

Branchen and Agoncion at:

Alexandria

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1855

£3,000,000 £8,000,000 |

HEAD OFFICE: LONDON.

Paid-up Capital Reserve Fund

Reserve Liability of Pro-

prietors

£8,000,000

Agencies and Branches!

ALOE STAB

AMBITRAK

LUCHIKO

MADRAS

BANGKOK

BATAVIA

BOMBAY

CALOUITA CARTON CAWEPOKS CEBE COLONNG DELHI

MANILA

NEDAN

KEW TORN

PRIPINO (Peking"

PENANG

MOON SAIGON

EMARANG TERENDAS

BINGAPOR

ПАСТКОВО

HAMBURG

BILA SONA:

HANKOW

FLARSIN

MITIAWAN

KONG TOXO

SOURABAYA

trono

TAIPING

TIERTAIN

KARACUS

TONGRAD (Bhukes:

ILANG

TRIKOTAO

LOB

TORGIAKA

ZAMBOANGA

KUALA LUMPUR

Foreign Exchange and General Banking business transacted.

A. BREARLEY,

Manager. Bong Kong. 17th November, 1982,

THE CHINA MAIL.

and

Commerce

Finance.

CHINA ESTATES LTD. MEETING

$5 Dividend Despite Big Defalcation. ABSCONDING RENT COLLECTOR REDUCES PROFITS

Big Defalcation

NEW YORK STOCK EXCHANGE

A.O.F.C. Quotations.

New York, Yesterday.

Dow Jones Averages.

WEDNESDAY, OCTOBER 4, 1933.

NEW ADVERTISEMENTS.

REMOVAL NOTICE.

HONG KONG & SHANGHAI BANKING CORPORATION,

GENERAL NOTICES.

T

HONG KONG TECHNICAL INSTITUTE.

THE INSTITUTE will be re-open- éd on WEDNESDAY, 11th October, 1933. Provision will be

Last To-day's Changes business of the above Cor-Literature, Commercial English, N and after the 11th instant the made for instruction in English

"The provision of the unusually

Aver, Aver. large sum of $50,000 for Bad Debts

30 Industrial .. 92.99 93.55 .56 up is due to a defalcation amounting to 20 Rails

40.10 40.00 10 down $103,844.97 having been committed 20 Uuiltles

24.87 24.81 00 down by the rent-collector and book-keeper 40 Bonds ... 83.81 83.81 unchanged the present Bullding.

Messrs. E. A. Pierce & Co. Re- Entrance to the premises will being Construction. Architecture, of the Company. Ng Chun-sing,

remain un-from Queen's Rond. alias Thomas Ng, who absconded in port; -- Conditions

This embezzlement changed. Outside interest has August last.

clever been negligible, with the trading was made possible by very manipulations on the part of culprit.

the element simply marking time. We do not regard the dullness, how- In spite of decreased profits due

"It was a case of misplaced con- ever, as altogether unfavourable. to the defalcation of a rent-collec-ndence, for up to the time of the tor with a sum

Wheat: Prices were held within of $103,844.97, discovery of the embezzlement, this narrow limits in a dull market. final dividend of $5 was proposed man, who had been with the Com-Both the local and Winnipeg re and adopted at the annual meeting pany from the time of its formation,ceipts are light.

shareholders of China had never given the Directors any 'Cotton: Prices lower on hedg Estates. Ltd., held in China Build-cause for the least suspicion, having ing and long liquidation sales. Ing, this morning.

proven himself to be hard-working Sentiment was mixed. The Tea-

of the

Sliver: Market ppened Irre- ular on lower London advices but later steadied up on the continued strength of the gold market.

Business Done:-930,000 shares.

Last To-day's Price Pric

$

poration will be carried on in the French, Shorthand, Book Keeping. Old City Hall Building adjacent to Physics, Chemistry, Hygiene, Peds- gogy. Electrical Engineering, Build-

Sanitation, Field Surveying. Physi cal Instruction, Machine Drawing. Applied Mechanics, Cookery, and any other subject for which there is sufficient demand.

L. N. MURPHY, Actg. Chief Manager.

I

Entry forms and coples of Pros-

SILVER pectus may be obtained at the Edu-

COTTON,

AND WHEAT

Latest Quotations.

Hong Kong, Oct. 4. Mossrs. Asia Lands Ltd, have ra

the New York cotton and wheat,Į

on the Commodity Exchange Inc. New York:

October 3.

Closing Commodity Prices on

Silver: Commodity Exchange Inc. of New York:

The report and accounts were and frugal in his mode of life. A cent Loan Programme is expected adopted, and Messrs. Lau Tak-po: report of the embezzlement has been to check any urgent selling. How-ceived the following quotations on Fung Ping-fan and Liang Ting-kamade to the Police. and a reward ever, it looks as though the market rabber, silk and silver exchanges Curront Accounts opened and Fix, who retired for the Board by rots offered for the arrest of the

cri needs some new stimulus. ed Deposits received for one year or tion, were re-elected Directors. Mr.minal.

"The Directors are very sorry for horter periods at rates which will be Li Tung was re-elected an auditor quoted on application.

Mr. Li Yau-taun, C.B.E., presided. the loss which the Company has sus The chairman said:

tained, and express to the share. "The net profit for the year, after holders their deepest regrets. The provision having been made for Re entire clerical staff charged with the serve for Depreciation

China duties of collecting rents and keep- Ruildings ($36,500), Bad and Doubting the accounts of the Company THE BANK OF CANTON, LTD. ful Debts $50,000), and Directors' has been changed, and the Directors and Auditor's Fees and other ex-hope that the improvement recently penses, is $71,041.28 which, added to instituted in the system of The $427,625.15 brought forward collection and audit will effectively from last account, makes a total of safeguard the monies of the Com $498,566.43.

pany in future.

Directors Rear Brunt

Eatablished 1912.

Brad Offer:-Hong Kong.

Ashland Capital (1.2. Currency) $11,000,000 Mid-Up Orga

3,066,000

1,

BRANONER 1

Bhanghai. Pankow, Bangkok.

sad Bao Fragolace.

IDIDON BANKERI |—

The Litryd's Bank, Taalsed OGELESPONDENTS

in all principal sitios al the World.

Pasig Bashangs and banking base of Prary inscription tenmunored.

Bata Deposit Boss (various messe) në a pourly

of bom se 940

OR

Air Reduction

N. Y.

"The net profit for the year shows a decrease of $61,569 as compared "Large as the loss to the Company

Auburn with that of the previous

years, the Directors desire to point out Bendix Aviation That decrease is due to (1) the pro-that under Article 150 of the Com-] Borden Co

Canadian Pacific vision of $60,000 for Bad Debts, (2)]pany's Articles of Association, tho

J. 1. Case the writing off of $859.30 in respect Directors, officers and employees of Caterpillar Co of Bad Debla (accrued rent) and of the Company are entitled to a bonus Chase National $3,071.36 in respect of Bad Debts of not more than 20 per cent. of the Chrysler Motors

loans and advances), and (3) the net profile of the Company, but dui- Consolidated fact that about $9,000 payable to using the whole existence of the Com-Curtiss Wright Chief Manager. for interest on loans during the year pany the Directors have never for Du Pont de Nemours

under review was not paid unti! one single year taken any bonus. Eastman Kodak After the February 28, 1933, and this During the 10 years of the Com- Electric Auto-lite Co interest will consequently $2 inlo

profius Electric Bond & Share nct pany's working. the

Electric Power & Light next year's neesunt.

the General Electric amount to $1,196,270, and if Directors had taken only 10 per cent. General Foods

General

Motors of this sum for their bonus, they Mo

And Gillette Safety would have drawn $119,627.

Gold Dokt

LOOK POONG SHAN,

THE BANK OF EAST ASIA, LTD.

Bend Ofker: Hong Kong. No. 12. Des Voeux Bond Central Established: 1918

Authorised Capital Paid-an Capital Reserve and Undivided

Prodta

THE OVERSEAS NATIONAL BANK LTD.

National Bank Building. BA. Des Voeux Road, Central.

$10,000,000.00 5,598,600.00

Authorized Capital .... $5,000,000.00 1,000,000.00 2,312,000.00 Paid-up Capital

New York, London and Paris Agents;

BOARD OF DIRECTORS:-

Bir Shouson Chow, Chairsan.

L: Koop Chan, Esq.

K. Kwok, Esq.

Wong Yun Tong, Esq.

Chan Ching Shek, Esq.

Li Lan Sang. Ex.

Par Usu Cho, Es Wong Chu Son, Esq. Kan Ying Po, Esq.

Kan Tong Po, Esq., Chief Matagor. L Tea Fong, Esq., Masager.

Carrespondents in all principal eltime of the World.

and

Every description of Banking exchange business transacted. Loans granted on approved securitai.

Safe Depoen Bozen To Let.

|

........

BANKERS TRUST COMPANY.

SILVER.

Oct. 3.

39.85 Nom. 40.00 Bid

40.25 Traded 40.30 Bid

Mar. .. 40.86 Bid

¡cation Department or at the Cen-

tral British School.

A. O. BRAWN.

Director, Technical Institute.

KING'S

THEATRE.

41.00 Traded WAIT UNTIL

Total Sales for the Day:--

124 contracts of 25,000 ozs, each -119 contracts of 25,000 oza. each.

Market:-Steady.

RUBBER.

Commodity Exchange

Standard No. 1 "B" Contract:--

(Contracts of 10 tons each).

Total anies for the day-

603 contracts-435 contracts.

NATIONAL SILK

EXCHANGE,

Silk: Commodity Exchange Inc.

of New York:-

Oct. 2 Range

Oct. 2.

rent-

Allied Chemical & Dye 134 American Can American Smelting American Tel & Tel American Tobacco "

Waterworks 204 #Anaconda, Copper Min-

874 44% 844

102 100

BB

[Oct.

Dec.

46%

116 117%

84% 20%

154 15

40

45

14%

Rubber:

0214

2244

13%

13%

Inc. of New York:

64%

Oct. 2 Oct. 3

10

19% October

7,92 7.08

Bank 234

231 December

8.20

7.95

39%

41%

March

5.63

8.40

Gar of

40%

40

May

8.85 8.63

2

24%

73%

7426

70%

78

10

16%

#

174

6%

10

10%

36

36%

27%

284

15

1274

20

20%

364

124

1244

04%

94%

30

184

18%

fee Exchange:

484

48%

26%

2t

December

Pro-

14

14%

March

14

14

May

21

20%

3

281⁄4%

28%

7%

7%

38%

39 jchange:

23

2% 3%

Oct. 2 Range

Oct. 3 Range

10%

10%

Oct.

9.65 9:65

9.53

9.53

Co of

N. J. Socony-Vacuum Satisfactory Rent Roll

Texas Corpn Fortunately, there is still to

be Trunk-Americe carried over to new account the sum Union Carbide & Car-

ban of $366,666.43, and all our shops and

Union Pacifie offices have been let, there being not failed Air & Transport 29% a single vacant room in the whole United Corpn. building in spite of these bad times.United States Steel... The Company being in this satis-Westinghome E & M 34 factory Anancial position, the Direc-

39%

3034

9.84 Dec...

0.85

9.75

9.76

Corp 11%

11% Jan.

25 6

24%

Mar..

8.92 10.10 10.11

9.92

9.83 9.83

10.00 10.00

BTL

40%4

107

8%

3036 0

May 40% July.. 107

Middling Spot

10.27 10.27 10.41 10.42

10.16 10.18

10.32 10.33

44%

464

844%

December

May

if we also take into account interest Internat Harvester at 6 per cent. per annum on the Internat Tel & Tel amounts that would have been drawn Liggett & Myers "B" during these ten years, such interest Loew's Inc

Ward would have amounted to $7,177.00 National Biscuit

Montgomery which, added to the amount of the National City Bank bonus, would have come to $126.804. National Dairy

ducts this "It will thus be seen that

Otis Elevator have sum, to which the Directors

Pacific Gas & Electric been entitled, bas more than coun-Packard Motors

We offer facilities for the trans-terbalanced the recent loss. More-Pennsylvania Riy

the Radio Corpn tot of general banking business over, about 90 per cent. of Foreign Exchange transacted. Stockshares of the Company are held by Standard Brands

Sear Roebuck jand bond bought and sold.

the Directors themselves and their Standard Gar granted on approved securities.

Qil LEE PANG relatives, and so about 90 per cent. Standard General Manager Jof the loss falls on them.

Loans

THE MERCANTILE BANK OF INDIA, LTD.

HEAD OFFICE

is Gracehurch Blewet, Londen, E.Ga

Authorised Capital

£3,000,000 Subscribed Capital

1,800,000 Paid-up Capital

1,050,000 Reserve Fund & Rest . 1,240,785 BANKERS The Bank of England & Midland Bank, Lid. BRANCHES : Ipok

New York Pracky

السما

Thangkas

Bombay

KAN TONG PO,

Chief Manager,

Caloutie

Calomt

Kais Obars

Pars Loule

(Mourile)

Delizi Bulle

Kesain Lápán

Rang

Boats Lumpur

Почт

THE

AMERICAN EXPRESS COMPANY, INC.

Band Office:-45, Broadway. New York.

Capital

Surplus Rostrvos

tors are glad to be able to recom- mend to you a final dividend of $5 per share, which is the same as that voted for the previous year.

EXCHANGES.

"If the rental continues to main- Lain its present figure during the next 12 months, the Directors are On London-

T.T. On demand

in hopes of being able to recom- Bamagand Kuantan (Pikang: Bimala

mend to you a better dividend next Kadro

year.

Bingapore

HONG KONG BRANCH.

sum

"The provision of the Every damription of Sacking and Exchange bud$50,000 in the accounts now before DOM Ad

Travallaro Choques Lamani.

you was made after careful con- On New York... Trustee and Executorships under-sideration by the Board and in cna- On demand taken.

INTEREST allowed of Birmens Londense asultation with the auditor, as your Mixed Deponite në Balan that may in santaiana. Directors have considered it best to]- | os appšícšílen. .13.8.$8,000,000,00

J. B. ROSS,

spread the loss over two years in On Paris- .U.8.$1,887,089.17

in .next Manage.stead of including it al

On demand .U.S.$1,718,979,67 F. Quan's Bood Central.

year's account; or instead of com Credit 4 months' Hong Kong, 2nd May, 1988.

mencing the writing off in the next! sight Balance Sheet, as our idea 18. to On ladie... wipe this loss off our books by the end of the next financial year.

Amatordam

BRANCHES

Gam

Mexico Olis

Besla

Ва Haldelery

Paria Polpix Paberna Maveric

THE BANK OF CHINA. 行銀國中

Oct. 3 Range 364 Oct. 1.71 1.71 1.00 1.68

BUGAR

29% Sugar: New York Sugar & Caf-

TO-DAY'S QUOTATIONS.

1/4%

1/4%

of

4 months' sight Credits 4 months'

Bight

1/5

1/54

Credits 60 days"

alght

88% nom.

NOW

5521⁄2

5924

T.T. On demand "Your Directors have decided to On Shanghal- recommend the apportionment of On demand the $449,906 in the following man-On Kobe--

93%

931⁄2

110%

On demand

118

$5 per share, absorb- ing

On Manila.

On demand ....

67% nom.

Account

# 82,500.00 On Singapore-

On demand 366,666.48 On Batavia- On demand

60

54

55%

Genera

Nagusal NAJOS

Dalasite

,

Berdim Bombay Canton

Daleutta

Dairam (Dalny)

Yangtion (Mukden) Rangoon

Hamburg

Hoar Rome

Hopsala

Heinicing Karachi

Robe

London

Newchwang

Ота

New York Otaka Paris

Dublis

Marseilles

Manda

Taormina

Peipias

Man

Rio de Janeiro Ban Francisc Beattle

All cinases of Commercial Banking Transactions undertaken.

Blazapat

handlad.

Kankow

Karvia

Los Angeles

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

Reorganlaod October 20, 1928, under ner:

jeroment as an

special charter of The National GovTo pay a final dividend of

INTERNATIONAL EXCHANGE

BANK

Subscribed Capital....$25,000,000.00 To carry forward to now. Paid-Up Capital .$24,710,200,00 Reserve Funds..... .$8,820,505.82

HEAD OFFICE: SHANGHAI

HONG KONG BRANCH:

4, Queen's Road Central,

Owing to our numerous branchen, in

the

. $449,008.43 | On Salgon-

On demand On Bangkok

Death Of Founder

It is with very deep regret that | On demand... 132. the Directors record the death of Sovereigns bank buy- Personal investment counts Chinx and large connections in the in China, who was a founder of this Bar Bilver per of 18 5/16

Mr. Llang Shih-y1, ex-Premier of Ing rate /* 1/5 ¡portant commercial contres of The Company offers to fatanding ellects spesial facilides for domestic Liang's services, your Directors

world, we are able to extend to our Company, In recognition of Mr. Bar Silver in Hong Travelers the, usa of lieTrava and foreign banking and exchanges have co-opted his son Mr. Liang Copper Cash

Kong. Laberest allowed on Current Ac-|Chequers and Letters of Oralik and, We also handle the issua of Bonds

to addition the ride, ide parvloed and other. Public, Funds" of the Chin, Ting-kai to fill the vacancy Ac-Copper, Centa Deposits received for dood periods of its thoroughly equipped Travel De- cas Government, both at koma and cording to our Articles of Associa-Rate of Native · In- ́st estes to be obtained on application, partant

EL MORE

Manager. Hong Kong, 11th September, 1988.

Nomm

Nominat

1orem

abroad.

DUGGAN,

Masagir

Hong Kong, Eth March, 29715

SHOU J. CHEN,tion Ms. Jiang Ting-kala term of⠀⠀ "ferent

Manager:

| office expires, but his name will be Chinese' Subi Coin vier 82% % địa,

submitted for re election.

Hong Kong. Sch. Coln

Market:Quiet.

Oct. 2 Oct. 3

1.44 1.45

1.49

1.50

1.63 1.54

COTTON.

Cotton: New York Cotton Ex-

9,90

9.80 CHICAGO WHEAT.

Wheat: Chicago Board of Trade:

Oct. 2 Oct. 3

89% 89% -

934

Total Sales for the day-

20,000,000

bushels

―

03%

10,000,000 bushels

"MY

L

I

P

S

BETRAY"

A FOX PICTURE.

MUSIC LOVERS

PLEASE NOTE

We have just received a supply of HAWKES & SON'S SERIES OF

"SIMPLICITY" TUTOR

on Violin.

Mandolin.

Ukulele. Guitar. Accordion.

Banjo. Cornet & Saxophone.

Price $1.60, the Copy.

We have also a range of popular VICTOR RECORDS

TO "CLEAR" "FROM 80 Ct, TO-

50 $1,50 EACH.

Early Selection Advised,

THE SINCERE CO., LTD.