1933-11-24 — Page 6

6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

ábriand Depl

Terved and Polly Paldan 22,00 Baterro Punda te

Shooting

Theme Idability of Propelters 838,900,000

"

For. Mr

BRAD DIFICE TUNG TONG,

WED OF DIRECTORS (4

T

Bedwell, Faq.

THE CHARTERED BANK INDIA, AUSTRALIA & CHIN

Incorporated by Royal Charter, 1958.

HEAD OFFICE: LONDON.

Pald-up Capital

Reserve Fand

Reserve Lability

of

Pro.

prietors

THE CHINA MAIL.

EXCHANGES.

Commerce and Finance

TO-DAY'S QUOTATIONS.

£3,000,000 ‚£3,000,000 .£3,000,000 On London-

T. T.

Agencies and Brunches:

ALON STAR

AMBITUAR

BOMBAY

RODITE

T. Mass. Eng.

Deputy Charzuma.

Kann, Hai

Compte Res

ΑΜΟΥ

CG B. Mackie.

BANOKOK

BATAVIA

DALOUTTI BARTON UHATOO COLOMBO

Miskin, Esq.

Boe. Mr. 1. 1. Pantun

7. A. Muminer. Beg

Y. K. Grabara. Bae.

Chis! Manage.

BRANCHES

LONDON

LTONS

MALCOA

MANILA

MUAB (Johore)

MOXDEX

NEW TURK

ΣΑΜΟΤΟΣ BATAVIA

CALCUTTA CANTON СДИКРОДО ORBU

COLOMBO

ПАТРИОКО

BAMBUNG HANKOW DANBIN

домо ком

ILONA

[POE

NEW YORK

BEMARANG

BEREMBAN

BHANGHAI BINGAPOR OTTAWAN BOUKABATA

TAIPING

TIENTSIN

TTXOTIO

TOKORAMA

POMBAT

DAIREN

POOGDOW

BAIPHONG

HAMBURG

BANKOW

BANDIN

TLOILA

PEITING

TENANO

GRANGHAL

KARACHI

KLAKO

KOB

SAMBOANGA

BOKOLEW

IPOH

JOO

КОБК

BOY LOOK

KUALA LUMPU'

RANDOOR

HAIGON

FAN PRANCI300

SINGAPORE

BOURABAYA

SUNOZI PATARI

TIENTBIR

ТЫ НОТАО TOKOHAMA

KUALA LUMPUR

Foreign Exchange

and General

Banking business transacted.

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

A. BREARLEY,

TOETO

ferrant Amments opened in Irmal Ourabay sad Pized Deport's advað bar

shorter perioda la Immal Currency and Hering als lernts whiah will be quaded an appliandām. Hong Kong. 22nd May, 1981.

HONG KONG SAVINGS BANK.

What of the above Bank je venčnoini

ST IN HONO KONG AND TRAJBHAI BAX. Maier oocy be shimland the CORPORATION.

10 spylimation.

WON THE HONGKONG AND SHANOBA! BABETES CORPORATION.

Y. M. (BAYBUZI,

Hong Kong, 24th April, 1933.

NEW YORK STOCK EXCHANGE

A.O.F.C. Quotations.

New York, Yesterday, Daw Jones Averages.

30 Industriais

20 Utilities 10 Bonds

Last To-day's Changes. Áver. Aver.

100.01 98.60 1.42 down .73 down 39.62 38.89 23.26 23.07 18 down 78.62 78.00 .07 up Mesars. E. A. Pierce & Co. Re- port:-Traders are trying to deter mine whether the monetary dis- cussion is having any effect on the market, but without much success. discussion. The outbreak of the

to fur- however, probably served ther becloud the situation and make traders in common stocks more cautious. Despite the con fusion, we think that large holders: of common stocks are stubbornly: hanging on, believing that business' news is sure to improve over the coming weeks. Wheat: The de- clining Sterling and advancing Dollar. together with the belief that inflation will be discarded has: induced general liquidation. Buy ing power was curtailed and con- Cot- fidence was again shaken. ton: December liquidation caused

1/4 11/18

On demand

1/4 11/16

LOCHING

4 months' sight

1/4 13/16

MAZĪBAS

MAXILA

MEDAN

PEIPING (Poklagi

Credits 4 months'

sight

20 Rails

1/5 9/16

FEFANG

BANGOJE

On New York-

On demand

36%

Credits 60 days'

eight

.... NOW

On Paris-

TONGEAR (Blakett

On demand Credits 4

sight

580

months'

620

On India-

T. T

93

On demand

93%

On Shangkai→

On demand

110%

On Japan:-

On demand

Manager. Hong Kong 17th November, 1982.

1181

On Manila-

On demand

73%

On Singapore—— On demand

591⁄4

On demand

564

On Salgon-

On demand

58

On Bangkok--

0,600,000

1,180,000

On demand Sovereigns bank buy-

ing rate Bar Silver per oz.

1/5 5/18 18%

Hong

nom.

nom.

THE BANK OF CANTON, LTD. On Batavie

Established 1911.

Bead Oller-Hong Kong,

Amberland Capital (1.X. Currency! ...$11,000,00

Opti

BRANCHES (-

Blasphal

Fashow, Bangkok Bar Silver in

and San Franciono.

LONDON BANKER (--- The Livri's Busk, İlmiind CORRESPONDENTS

în sîl principal cities of the World.

Parmiga Roshangs and barking businaat of sway. Zveriptios Araamusted.

Safe Depot Boxas (various sima) at a yearly voda) of from DF 10 896.

LOOK POONG SHAN,

Chief Manager.

SAFETY FIRST!

To Safeguard Your Valuables and Jewelleries, Deposit them is Vault

that is really: FIREPROOF BURGLAR - PROOF

DAMP PROOF! OUR SAFE DEPOSIT VAULT located on the Mezzanine Floor of Our New boliding is Specially Con- stracted to provide all of these Im portant Qualitie

You may obtain Safe Deport Box in this most up-to-date Vault for your own use at a very moder ale Rantal.

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

THE BANK OF EAST ASIA, LTD.

Head Offen: Hour Kos.

No. 12, Des Voeux Road Central,

Established: 1918

Authorised Capital Paid-up Capital

Reserva and Undivided

Profita

BOARD OF DIRECTORS:-

Sir Sbouson Chow, Chairman.

Li Koop Chun, Esq.

P. K. Kwok, Esq.

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO.)

HEAD OFFICE:-Talpek, Formoes. Incorporated by Special Imperial Charter. 1879.

Central Bank in Formons Bo-Kolatuað ávangi Biogal

Th

On and after August 15th, 1985, the on Special Current rate of Interest 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 BANKERS,

Barclays Bank, Kódy Lloyds Bank, Ihé, Midland Book, Láh, Wachinatar Bank, Ind.

The Bank has Gorraspondente la all the prizepai Soul Contem throughout she wall K. MAGURA

PLONG KONG BRANCH.

3, Dee Vas Bund Contral

Hong Kong December 24, 1981

Wong Yun Tong, Esq.

Chan Ching Shek, Esq.

Kong Copper Cash

Copper Cents

1341⁄2 nom.

1% prem.

Rate of Native Interest 81⁄2% p.a. Chinese Sub. Coin ... 84% dis. Hong Kong Bub. Coin per.

LONDON EXCHANGES.

Montreal

FRIDAY, NOVEMBER 24, 1933.

"Unofficial" Envoy REASSURING

Peter A. Bogdanov, chairman the board of Amtarg Trading Corporation, the Soviet purchasing and selling organization with bead- quarters in New York, through which Russia has done business with the United States while not enjoying oficial diplomatic recogni sion. Fogdanov might be termed Soviet unofcini envoy.

POSITION IN

BANK CRISIS

Difficult Period Passed.

IMPORTANT STATEMENT BY

DR. KOTEWALL

As stated in the "China Mail"

yesterday the worst of the local banking crisis has been passed, and the gradual return to normal justi- fies the reassuring statements is- sued by bank officials during the Past two days.

The run on the smaller native banks and on the savings depart-

ments of the departmental stores has abated and conditions yester. day were quiet.

COTTON, SILVER have

AND WHEAT

Latest Quotations.

The Hon. Dr. R. H. Kotewall bas made an important announcement on the financial situation.

I "My Chinese colleagues and

been watching

the present situation very carefully, and have been in touch with the Govern- ment," said Dr. Kotewall. "Yester day morning as representing my Chinese colleagues and myself, I had an interview with His Excel- lency the Governor, the Hon. Colonial Secretary, the Hon. Secretary for New York, Nov. 24.

Hon. Messrs. Asia Lands Ltd. have re. Chinese Affairs and the

His Excellency informed on lower Landon and lower Shang-ceived the following quotations on Colonial Treasurer being also pre-

the New York cotton and wheat, mont. hai partities. No doubt there was

rubber, silk and silver exchanges me that he had been giving close at- some general liquidation as a re-n the Commodity Exchange Inc.. tention to this important matter: sult of the Washington despatch New York:--- stating thai Acting Secretary of

a downward trend. There Was scattered selling, influenced by the lower tendencies of other markets. Sliver: The market opened easy

NEW YORK COMMODITY MARKETS

SILVER.

ernment.

see

Any

that he had consulted lending bank-) oning interests; and that, in view of Closing Commodity Prices the Treasury. Morgenthau charac-November 23.

their readiness to render all the as- Distance that lies in their power, Lerised as incorrect the persistent

he does not at present report that he is drafting or has

Silver: Commodity Exchange Inc. necessity for special action by Gov- completed a plan for the Govern-

of New York: ment purchase of silver.

Nov. 2 Range Nov. 23. Range

"I have been giving this matter Business Done:-1,370,000 shares.

43.70 43.70

most careful and earnest considera. Last To-day's Dec. 44.75 44.75 Price Price Mar... 45.50 45.55 44.50 44.50

tion, and venture to share this 45.02 45.02 May 45.95 46.00

riew. There is plenty of money Total sales for the day:-

in the Colony, and I am sure that 86% 340 contracts of 449 contracts of it will be available for those who to offer. have adequate securities My colleagues also subscribe to this view,"

Chase National Bank

Chrysler Motors

Consolidated

N. Y.

rtiss Wright

26,000 ozs ench

RUBBER.

Commodity Exchange Inc. of New York:

Nov. 22. Nov. 23.

8.80

8.80

9.50

9.78

9.41 9.70

10.00 3.92 Standard No. 1 "B" Contract. Total sales for the day:-

322 contracta 742 contracts

NATIONAL SILK EXCHANGE.

Paris

New York

London, Yesterday.

83 9/32 5.272

Air Reduction

100 104

5.16

Allied Chemical & Dye .142% 140 American Can

B8%

Brussels

23.44

American Smelting

46%

44

Geneva

16.84

American Tel Tel 119

119

26,000 ozs each

Market:---Stendy.

Amsterdam

8.00/2

American Tobacco " 76

74%

Stockholm

19.39%

American

Waterworks 10%

16

Copenhagen

Anaconda Copper Mining 15%

155

Rubber:

22.40

Auburn

45

43 1/

.... $10,000,000.00 6,598,600,00

Oslo Vienna Milan Berlin 2,312,000,00

19.90

Bendix Aviation

14

14%

29

Borden Ce.

21

20%

63 13/16

Canadian Pacific

12%

124

December

13.66

3. 1. Case

74

70%

March

Prague

110%

Caterpillar Co.

27 23%

18% 19%

May

Helsingfors

220

4814

474 July

Prague

39%

Gus

of

Lisbon

10814

Curtiss

37% 2

Athens

1550

Do Pone de Nemoure

68%

Bucharest

570

Eastman Kodak

764%

Belgrade

240

Electric Auto-lite Co.

141⁄2

Río

4 O.R.

Electric Bonds & Share 124

12

Electric Power & Light 4%

4%

Buenos Aires

42 O.R.

95% O.R.

General General General

Electric

2014

Foods

35%

Nov.

Motors

32%

2912

1/3 5/16

Gillette Safety

11

Gold Duri

18%

1/4 15/10

ttern

Internat Harvester

1/2 6/32

Internat Tel & Tel

414 13%

Exchange:

18%

Liggett & Myers "B"

85%

18%

Loew's Int.

30

December

1.11

Nov. 22. Nov. 23.

1.09

100 7/16

Wand Montgomery National Biscuit

2244

March

1.20

1.22

47%

20%1

May

1.27

1.27

Pacific Gas

Otis Elevator

National Dairy Products 14%

14%

Market:-Quiet,

14%

COTTON.

2734

Cotton:

New York Cotton Ex-

27

change:

42

20%

Dec. 9.97 0:98 7% Jan....10.07 10.07 44% Mar.

15%

28

..10.24 10.25 .10.86 10.38

Li Lan Bang, Esq.

Pun Hlu Cho, Eng. Wong Chu Son, Eng Kan Ying Po, Esq.

Kan Tong Po, Esq., Chief Manager.

Li Ts Fong, Esq. Manager.

Correspondante in all principal estim f the World.

and

Every description of Banking Exchange business transacted. Loans ranted on approved securities. Safe Deposit Boxes To Lat

KAN TONG PO,

Chief 'Manager.

THER

Montevideo

Bombay

Shanghai

Hong Kong Yokohama

Silver Spot Forward

War Loan 31⁄2

1/5 20/82

-British Wireless Service. National City Bank .....

THE OVERSEAS NATIONAL BANK, LTD.

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

AMERICAN EXPRESS COMPANY, Authorised Capital

IC.

Hand Office>-45, Broadway, New York.

THE YOKOHAMA SPECK BANK,

Capital

„U.B.$5,000,000.00

LIMITED.

Surplas

11.8.1887,089.1?

Reserves

.U.S.$1,718,979.67

BRANCHES --

Marico,

Gangara

.Yen.121,250,000

-- Jupes

Elvis

Priping

Established 1889.

Capital (fully pal'-op) Yen100,000,000 Reserve Fund

Head Office:-TOKOHAMA.

Branches and Agencies at:

Hugsandi

Alexandria

Batavia

Bombay

Calcutta

Canton

Nagoya

Newchwans

New York

Osaka

Parla

Dalton (Dalay) Palping

Fangtian (Mutdan) Rangoon

Hamburg

Hamkow Harbin

fone Lowr

Honolulu

Hainidog Karneki

London

Los Azerias

Manila

Rio de Janeiro San Francisse Seattle

Bearm

L

Marselas

Mande Cuida

Branches of American Exprses Gems- pany is Principal elties of United States of America and Canada,

Semarang

Shangha

5

Blagspere

All cinamos of Commercial Banking Transactions widertaken,

Волгабата Byday

Tientsin

Tokyo

: Taingias

Paid-up Capital

Electric

Packard Motors

Pennsylvania Ely Radio Corpn Sears Rosback Standards Brands

Gas

Standard

Co of N. J. 404

$5,000 SAY.cuum Corp

1,000,000.00

New York, London and Paris Agenta; BANKERS TRUST COMPANY.

Corpn Trans-America

Union Carbide & Carbon 48 Union Pacific

We offer facilities for the transac- United Air & Transport 33 {tion of general banking business. United Carpe Foreign Exchange transacted. Stock United States Steel and bonds bought and sold.

Westinghouse E. & M.. 40% Loans

BID-t. [granted on approved securities.

LEE FANG, General Manager.

THE BANK OF CHINA. 行銀國中

Reorganised October 26, 1928, under

special charter of The National Gov- ernment ar AN

INTERNATIONAL EXCHANGE

BANK

Nov. 2. Range Nov. 23. Range

1.37 1.39 1.29 1.30

SUGAR

Asked in regard to the attitude of the leading British banks as he knew it. Dr. Kotewall said that he was sure that the managers of those banks were fully alive to the situation, and had willingly given | and would give all the help In their power to applicants able furnish reasonable accurity.

"No Moratorium."

to

On the Bubject of moratorium, Dr. Kotewall re- plied: "I am emphatically of the opinion which is shared by my colleagues that in the present cir- cumstances a moratorium, even

take."

A

COMPANY MEETINGS

HONG KONG TELEPHONE COMPANY, LIMITED.

TOTICE IS HEREBY GIVEN

Na EXTRAORDINARY

GENERAL MEETING of the above Company will be held at the Board Room of the Company, Exchange Building. (second floor), Des Vœux Road Central, Victoria, Hong Kong, on TUESDAY. the 28th day of November 1933, at 12 noon when the subjointed Resolutions will be pre- posed as Special Resolutions, viz:- (1) That the

present authorised Capital of the Company of $5,000,000 divided into 500,000 shares

(hereinafter referred

to as "old shares") of the nominal value of $10 each, the whole of which have been issued, be increased to $7,500,- 000 by the creation of 260,000 of the nominal new shareв value of $10 each ranking as for dividend 18 hereinafter mentioned and In all other respects pari pasau with the old shares constituting the Company's

issued present capital.

sald 250,000 new (2) That the

shares be offered forthwith in the first instance (in the pro- portion of one new share for every complete number of two old shares held by them re- spectively) to the members of the Company who on the 28th day of November 1933, are re- gistered in the Company's Share Register as the holders of the said 500,000 old shares at por and so that on accept- ance of such offer the sum of $2.50 per share shall be due and payable leaving the balance due on each of such sald new shares of $7.50 per share to be called up at such time or times as the Directors of the Company shall see fr to make Calls in respect there- of and so that such new shares so accepted as aforesaid shall rank for dividend 45 from First day of January 1984.

Sugar: New York Sugar & Coffes partial one, would be a great mis-

Dr. Kotewall advised the public (3) to keep their hoad, and assured them that his colleagues and he would continue to watch the altus- tion with unrelaxed vigilance, and to keep in close touch Government.

Nov. 2. Hange Nov. 23. Range

9.81 9.82 9.90 9.90 10.07 10.08 10.20 10.21 -10.34 10.34 10:51 10.52

May 6% July...10.50 10.51 45% Oct....10.67.10,68

105% Middling...

82

Spot.10.15

10.00

4% 44%

30

CHICAGO WHEAT. Wheat: Chicago Board of Trade:

December

Nov. 22. Nov. 23.

84 87%

TWO MORE STREET FATALITIES.

3ay July

90%

874

90%

86%

Both Victims Women.

Total sales for the day:---

30,000,000

bushels

20,000,000 bushels

LORRY AND MOTOR CAR CLAIM LIVES

TALS.

FI

New York Copper, per lb.

Tin, per lb.

March 7.28

$4.90

Two more victims were yesterday | Subscribed Capital 28,000,000.00 added to the toll of the streets, both Paid-Up Capital.....$24,710,200.00 being women. Reserve Funds 8,820,505.82

HEAD OFFICE: SHANGHAI

*

HONG KONG BRANCH:

4, Queen's Road Central.

EXPORTS.

The first of the fatalities occur- CANADIAN NICKEL red about 5 p.m. when Yeung Ngan,| aged 50, a married woman, WAS knocked down and instantly killed. by a motor lorry in Wing Lock

Street. It is stated that she start-

Increase Of 90 Per Cent. For 12 Months,

with the

And that such offer be made by notice specifying the num- ber of shares to which the member is entitled, and limit- Ing a time within which the offer, if not accepted by the member on behalf of himself or his nominee, will be deem- ed to be declined, and that the Directors be at liberty to fix such time or times and to extend auch time or times to such date or dates, and upon such terms as they may think fit. And further that any of. the said new 250,000 shares which shall not be taken by by the Company's share- holders in manner aforesaid be disposed of in such man- ner at such time or times and upon such terms as the Com pany's Directors shall in their absolute discretion think fit. That no shareholder shall be entitled to any offer of a trac- tion of an additional abares in respect of any odd old share held by such share- holder,

new

The Transfer Books of the Com- The run on the larger Chinese pany will be closed from the 28th banks in the central district did | November 1938, to 28th November not attain serious proportions and 1933, (both days inclusive) during enquiries yesterday afternoon were which period no transfer of shares met with confident statements that can be registered. the situation W&A returning to normal. In our issue yesterday we declared that "among those in- stitutioria · ̈stāted to be affected are: the Bank of East Asia Ltd...,

The Bank of East Asia Ltd. denfes that there has been any run whatever on their office. The

Bank of East Asia Ltd, did not re-

By Order of the Board,

W. L. McKENZIE, Secretary,

Hong Kong, 31st October, 1933.

fuse any requests for withdrawals LET YOUR NEXT

of fixed deposits.

We regret any inconvenience

which may have been; caused the

Bank by yesterday's report.

GOLD FOUND ON SHOP FOKL

Differing Stories Of Origin.

REMANDED FOR ENQUIRIES,

·HAT

BE A GLYN.

Sole Agents:

Wm. POWELL, LTD.

9, Queen's Road Central.

searched at the Ping On wharf and

Tang Cheuk, shop foki in the the jewellery found on him, he Owing to our numerous branches In

employ of the Fung Manter Com- said it had been given to him by: Personal investment accounts China and large connections in the imed to cross the street in front of the handled,

pany, gold dealers, 68 Des Voeux the Fung Manter Company, portant: commercial centres of the lorry, hesitated, and tried to run

**When charged at the station. world, we are able to extend to our back, but too late,

Toronto, Canada.Road, was charged before Mr. Bal- The Company offers to fatanding clients special facilities for domestic The second fatal socident occur Exports of Canadian nickel four at the Central Magistracy this however, accused said the gold Travalere 'the use of its traveling and foreign banking and changed about 8.30, when an unknown for twelve months ended August morning with being in unlawful had been given to him by his bro- Loterest | allemad on Current Ac-|Chequer"/mnd Letters of Credit and; We also handia the fauna of Bonds

in códition, the world-wide" servisse and other Public Funds of the Chin- Chinese girl, aged about 18 years, 1988 totalled $15,720,000 repre- possession of 16 pieces of gold ther-in-law in Canton, and later Deposits world for fired periods of He thoroughly equipped Travel Des Government both at home and was Instantly Filed by motor car senting an increase of 80 per jewellery, supposed to have been that he found it in the waste paper 283 zular, ta' be obtained on appåsation, parime

Moji

H MORI

Hong Kong, 11th Bep

W. DUGGAN,'

Abroad.

SHOU J, CHEN,

****** No. T285, driven by You Ching-

Hong Kong, 5th March, 1981).

Both, bodies, were taken to the month pubile modafnary/

the previous twelve

Canidiari Bert

basket Detective Bergeant. Hemaley Accused was remanded pending tated that when accused was further enquiries.