1934-01-02 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Anibcriood Copielinen 300,000,000 Tarned vol Faiy Fallop mume 20,949.0 Baners Fund

Manorvo „Klablity al-Propriabers ... $34,499.000. KHAD OFFICE: HONG KONG,

BOARD OF DIRECTORS (—

EL. Poires Ext.

Chairman.

Deputy ClearanG

* Khas, Lag.

W. L. Bell, Esq.

Minkin. F

BH. Dodar, P.

Bor. Mr. J. J. Polarvan.

A. II. Comption, Fq... h. Finotmat, Bog.

dankt, citi.%. Mackie.

ANDY MARGKOR

J. M. Graybark. Mog.

Oh! Menoge.

BRANCHES

LONDOS

LYONS

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

incorporated by Royal Charter, 1858.

HEAD OFFICE: LONDON.

Fald-up Capitai

PLAIRE MOZ

BATAVIA BOMBAY

ORLOUITA CANTON

САМИРОВИ

HAIPHONG

COLOMBO

DELHI

HAMBURG

HANKOW

HARBIE

MEDIN

NEW YORK

PERANG

MAYATTA

BALOUTTA

БАХТОМ DILEPOO

COLOMBO

MALAQUA

MANSLA

WOIDEX

NEW YORK

DAISEN

ГОДОВОЙ

BADBONG

MAMBUNG

BANKOW

WARBIM

ELOLLO

EPOR

SOKOLN

KOEK

BONGLEW

KOWLOON

BUAYA LUMPUR-

RONG LOW

TAIPING

TENTAN

TOKGKAN (Bhuba()

TUINSTAQ

YOKORAMA

TPON

MUAR (Johor)

KARACHI

ILANG

KOD

KUALA LUMPUR

PRIPING

PEKANO

SANGOON

RAN FRANCEBOO

KAIGON

#TANGAT

WINDAPORD

BOURABATA

SUVIZI PATANI

TIKATSI

TOETO

TSINGTAO

TOKOBAMA

Current Arcombe opened is Loval Churren and Fired Dapatia reira fer una your M shorter perlade in Laul Gortoner må Burtag de lerad with will be gevind in upošmilan. Hong Kong, 22nd May, 1988.

HONG KONG SAVINGS BANK.

Phi Bulan of the obere Book la usadaming By HONG KONG AND SHANGHAI BANK EKS DORPORATION. Have may be shinland

ON THE SONGLONG AND SHANURAÍ BASKING CORPORATION.

1. 1. GRAYBURN,

Hong Kong, 24th April, 1983.

SAFETY FIRST !

Te Safeguard. Your Valuables and Jewelleries,

Deposit them in a Vanit

that is reallya. FIRE PROOP BURGLAR-PROOF

DAMP-PROOF I OUR SAFE DEPOSIT VAULT

located on the Mezzanine Floor of Our New building is Specially Coo structed to provide all of these Im- portant QuailtiM.

You may obtain a Bafe Deport Box in this most up-to-date Vault for your own vas at a very moder- ate Rental

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

Des Voeux Road, Central.

Commerce and

Finance

EXCHANGES.

TO-DAY'S QUOTATIONS.

On New York--

T. T.

Kaserve Fund 11.

5,000,000 48,000,000 On London-

Rear Liability of Pro-

priators

T. TH

$8,000,000

Agencies and Branchour-

„ALON ITAR

AMRITWAR

KVORENO

MAURAN

night

1/8% On demand g

1/5 --Four months', sight 1/51⁄2.

Crediti 4 months'

··1/64

WAKILA

On demand

87

PRIPINO (Peking)

Credita 60 days'

RANGOČE

sight.

nom.

BAIGON

BENARANO

On Paris

BEREKSAN

On demand

600

CHANGHAI

RINGAPORE

Credits 4 months'

KITIAWAN

BOUBABATA

night

640

On India

96

On demand

96

SAMBOANGA

Da Shanghai-

General

On demand...

110

On Japan:--

On demand....

119

On 'Manila-

On-demand

734

On Bingapore...).

On 'demand

01%

On Batavia- On-demand

58

On demand

60

On Bangkok-

On demand.....

1284

Sovereigns bank buy-

:ing rate

1/6

19 1/16

nom. nom.

Foreign Exchange and Banking business transacted.

Current Accounta opened and · Fla-} ed Deposits received for one year of shorter periods at rates which will be quoted on application **

A. BREARLET.

Manager. Hong Kong. 17th November, 1931.

THE BANK OF CANTON, LTD.

Kalablished 1918.

Head Office:-Hong Kong.

Aviherland Captial (15.5. Derroney) .......[11,008,00% Pald-Op Chaplin · 1,000,000 Heserve Frid munus.mon

430,000

*BRANCHINA (— Canton, Shanghai, Fashow, Banglak,

LONDON BANKKK!...

The Lloyd's Bank, Lianised. COMSWAPONDENTS

In all prinsipal atlet af She World.

Prog Kings and beaking businam of Twycription mancial.

Bata Dipods Botne (various alone) at a panely musal al from 14 do 8:46.

LOOK: POONG SHAN,

Chief Manager.

THE BANK OF EAST ASIA, LTD.

| Authorised Capital

|Paid-up Capital

Reserve and

Pronta

HEAD OFFICE:-HONG KONG 12, Des Voeur Road Central

BOARD OF DIRECTORS:

Sir Ehouson Chow, Chairman.

On Salgon-

Bar Silver per oz..... Bar Silver in Hong

Kong

Copper Cash

Copper Cents

1% prem.

Rate of Native Interest 8% pa. Chinese Sub; Coin' 834% dis. Hong Kong Sub. Coin par.

LONDON EXCHANGES.

LONDING BANKING

FIGURES

Many Encouraging Increases.

CLEARING HOUSE STATEMENT

London, To-day..

The annual statement of the amount of bills cheques, etcetera, paid in the bankers" clearing-house during the past year was. Issued: yesterday and shows a total of £32,137,626,000, representing an in- crease of £25,667,000 over thè 1932 total

DNY

The Increase. Is described as satisfactory in the bankers' clear-}; ing-house statement, as the turn- Jover for each of the three previous

years showed a decline.

霸气

The most encouraging!feature of the return is that "relating to country theque clearing, the total of which has rieen during year, by. £98,852,000 to £2,766,471,000, the increase being particularly mark- ed in the second half of the year.

The best country returns are made by Newcastle, Bradford' and, Sheffield. Bradford finished thou year with rise of over 20 per cent. during the last quarter-Reuter

NEW SYSTEM IN U.S. BANKING

R.F.C. To Borrow From Banks

Defended

oney Program

Three of the principal speakers at the gigantic-rally beld in New York in anpport of President Roosevelt's monetary policies. At left, Father Charles E. Coughlin, famona radio speaker, who made an impassioned defense of the Administration's program with the fiery slogan, Boomswalt or Ruin. Top right. Senator Robert Owen, of Oklahoma, co-author of the Federal Reserve-Act, and tower, Henry Morgenthau, Sr. father of the Acting Secretary of the Treasury

WALL STREET

ANTICIPATES

MONEY FLOW

Deluge of Returning Funds From Abroad.

THE DOLLAR DEBACLE

New York.

-

SIAMESE PEOPLE'S ASSEMBLY OPENED

President Elected. RESIGNATION OF CABINET

ANNOUNCED

እኔማ .

Bangkok, Dec. 16.

ADVERTISEMENTS.

THE HONG KONG JOCKEY CLUB

ANNUAL RACE MEETING, 1984 (24th, 26th, 27th, 28th February and 3rd March)

BAFT PROGRAMMES:\

Dor ready and may be obtain

ed at the Secretary's Office, Gloa- cester Building; the Club House, Happy Valley; the Hong Kong Club;: the Sports Club; and the Stables.

Entries will close, at 3:00 p.m. on Saturday, 20th January, 1984.

Members are reminded that no horse is eligible to enter for any race meeting of this Club until an Official Racing Certificate shall have been obtained in respect of the hores.

All Members intending to enter Griffins, at the Annual Meeting are: requested to apply for Official Racing Certificates in respect of such Grif fins without delay. Also, Memberà, who have not yet registered' racing: names or colours will oblige by do Ing so at their earliest convenience.

- By Order, T

C. E. BROWN,

Secretary,

Hong Kong, 2nd January, 1934.

THE MACAO JOCKEY CLUB

ROGRAMMES

PROGRAM

and ENTRY FORMS for The-First Extra Race Meeting to be held at

MACRO on SUNDAY, 14th January, 1984, may be obtained at The Sports Club, Hong Kong Jockey Club Stables, or at the Offices of Mesars, Percy Smith, Beth & Flem-- ing, 6-Des Voux Road Central.

ENTRIES close at NOON on THURSDAY, 4th January, 1984.

Washington, To-day. Important financial developments are believed to be portended by the announcement that the Reconstruc- tion Finance Corporation is offering: those banks, which sold preferred stock to the Corporation, an oppor-is expected by Wall Street inter-Throne Hall Building in Bangkok tunity to purchase R.F.C. deben- national bankers as soon as stabi- yesterday afternoon. The meeting tures maturing on December 16, lisation of the dollar seems assur- was attended by the entire body of 1935, bearing interest of 2% per

the Assembly, while the official, While bankers are inclined to diplomatic and public galleries The issue is unlimited being de- termined only by the amount which shy at definite estimates as to how were packed to capacity, the banks borrow.

Siam's newly constituted ~AS-|-PUBLIC AUCTIONS. sembly of the People's Represents-perm

A deluge of funds from abroad tives' held its first session at the THE Undersigned have received instructions to sell by Pubile Auction

Paris

New York

Montreal

London, Yesterday.

83 6.18% 5.13

$10,000,000.00

Brussels

23,40

$ 5,595,600.00

2,312,000,00

Geneva Amsterdam Milan Berlin Stockholm Copenhagen Oslo ..Vienna

16.80

8.10

61 18/10 13.01

cent.

19.391⁄2 22.40

.19.90,

2014

Prague

109%

Helsingfors

226%

Madrid

39 9/16

Lizbon

109%

Athens

582

Bucharest Belgrade

550.

240

Rio....

Buenos Aires

Manila Malbourns

Seattle Semarang Nagasaki Shanghal

Montevideo

35%* 35%

Li Koon Chun, Esq.

P. E Kwok, Eng.

Wong Yun Tong, Eng.

Chan Ching Shek, Esq.

Li Lan Sang, Eiq.

Wong Chu Son, Esq. Kan Ying Po, Esq.

Kan Tong Fo, Ess, Chief Manager.

Li The Fong, Esq, Manager.

BRANCHES AND AGENCIES:-

New York Singapore Osaka

Amoy

Batavia

Bombay

Calcotta

Canton

Sourabays Ewatow

Haskow Pelping Honolulu Kobe Kowloon

Syndey

-Penang

Taiheku

Tientain

Tokyo

THE BANK OF TAIWAN, LTD. Haiphong "Peris

(TAIWAN GINKO.)

HRAD OFFICE:-Talpsk, Formosa. Incorporated by Special Imperial Charter: 1899,

Best-Keine lomati Avenue You 18,400

da and arber August 18th, 1988, the rafs of Interest/1 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%%%).

LÖNDOM BANERKI/** Bursaya. Bukky, Lady Layla Bank, Lan Milani kinky Lala Womaster Dink, Lal.

The Bank has Commspondente in all the primapul

L. FIGURA,

MONG KONG /BRÁVOR. 15.

13, Bon Viniz Band Central.

· Hong” Song: Dovembre 94, 10.

THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1230..

Capital (fully pak-ny) Ten100,000,000 Reserve Fund

| London-

Rangoon Saigon San Fleisco Vancouver Yokohama

Every description of Exchange but the cond granted on approved securities,

Bombay

Shanghal Hong Kong Yokohama

1/0 1/16 Holiday

1/2 15/82

* „Sellers Official.,

-British Wireless Service,

MARKET

SHARE

The "Official" Summary" of "the Hong Kong Stock Exchange”farned

Saturday at 12:30 p.m. „This being the last business day Thị of the year,” hnd a half'day at that,

4

ed.

Hitherto the RF.C. has obtained much, American capital has gone The main business of the initial all its funds from the United States abroad since depreciation of the session was the election of the Pre- Treasury-Reuter.

dollar was first feared the amount sident and Vice Presidents of the of funds waiting to come Home Is Assembly. By an almost

animous vote, H. E. Chao Phya generally believed to be huge.

Dharmasakti Montri was chosen as Some bankers regard recent e President.AKSİ T 90 Per Cent. Of Bankstimates of $500,000,000 (roughly|

ANOTHER PLAN.

Eligible.

I

Chao Phya Dharmasakti is one of £100,000,000) as the amount of Siam's ablest statesmen, for many capital, which has taken wing since years Minister of Public Instruc- Washington, To-day.

tion in the former regime,” and -President Roosevelt is gratified to March to be excessive, but it is noted for his services to the cause announce that 80 per cent of the known that appréhension over the of popular education In Blam. United States banks, representing gold' dollar began to push" "money As Vice-Presidents, the National 97 per cent, of the American depoel- out of the country several months Assembly elected Phys Senf,... .....a tore have qualified for the new before March, even as long as a former naval officer, and Phys Federal scheme for insurance, depo-year ago.

Devahaatin, an.......... St-Army, sits, which becomes effective to-day,

It is not only money which has ficer and Representatives for Bang, Only 141 banks are ineligible out newn, that is, walling to come back kok. His Majesty the King has 18,564.

however Exporters and business graciously confirmed the appoint- covers all deposits up concerns having receipts abroad ments,

!

The schele Bo

to U.S.$2,500-Renter.

LOCAL DOLLAR UNCHANGED.

Current Accounts repered in Local Currency and Pized Depozita received for one year or shorter periods in Local and Foreign Currencies ou terma which it was not to be expected": "that will be quoted on application.com there would be any fresh develop"

Safe Deposit Boxas To Let

ments in the market, though there LAN TONG BỘ.

Chief “Manager. were enquiries for some selected Hong Kong, 28th, November, 1881. |issues, most attention being paid to Hotels, Lands, Trams "and "Chica Lights" with the rest of the list holding its own; then

Sales Wharves $117 Providents, (old). #2 \ Hong Kong Trams S211⁄4 Electrics $78;

MERICAN EXPRESS: COMPANY, VESOU

Capital

Burplus

1,000.00. 7.089.17

Yen.121,250,000 |

Hood On

-YOKOHAMA.

Agencias att

Alexandria

Nagasak New Yor

Boxbu

Daleutta

Caston

Dairen (Dalby)

Fanation (Manden): Bio de Janeiro

Hambury

Hankow

Hops Long

Habolatu Banking

San Francisco

Bea

Buyers

Canton InsurancesTM $810

H. K. Insurances $260

Benguet Explorations 81 cts.

Ewo Cottons Sh.$1280 Hotels' $6.20

H. K. Lands $70

* China Lights, (old) : 88%

Electrict #72%

Telephones, (old) $z41⁄2 Dairy Farms $23 Watsons $6%

Govt. Loans 5%. Prem

THE OVERSEAS NATIONAL

ANI BANK LTD”;

The dollar is unchanged, opening to-day at: 1/5%

off

haye boen letting them pileup Towards the close of the session, there, rather than convert them it was announced by Premier Phra into uncertain dollars, so there is Bolabayuha Sena that his Cabinet

WEDNESDAY, 3rd. January, 1934,

commencing at 11-a.m..

at their Salon, Boom, 4. Duddall Street VA Quantity af VALUABLE HOUSEHOLD

complaing

“FURNITURE

Teak denks, Chairs, Cupboards, Cabinets, Showcases, Typewriter, etc., etc.

Terma

One Milners' Safe

Cash on Delivery,

LAMMERT BROS, 1

29 Auctioneers. Hong Kong, 2nd January, 1984,

THE

THE Undersigned, have received Instructions to sell by Public

“Afiction

ONS

FRIDAL Ath January, 1934, commencing at 2.30 p.m.

* më their Bhlás-Room, St Duddell: Street.

KEHOLD

RNITURE

ardrobes

rith: be dressing tables

hat

a huge amount of money on der will soon tender its resignation on Comprising: posit in foreign banks that would bloc. An announcement regarding|--Cheater Bald -conches normally have been transferred the reorganisation of the Cabinet chairs, Teak

velled mir into dollars some time ago, is expected within a few days.

[srith #bevel Silver prices showed us change on

Despite the imposition of a for Saturday, closing at 19 1/16 and dign exchange control to prevent a 19 8/16 for spot and forward res-flight from the dollar as far back |pectively; y

|n«. last “March, bankers any it has

The cross rate, Loudon on New beeg comparativelys easy to get York, is #-G$6:15% New York on mohly out of, the country, so far an London, no quotáljon,"

|modest=żamounts; abs" concurred.

One said the most invariable

• Federal Reserve when PE permission to buy. föreign Tear- francies was requested by: tele-

phone was "oks”).

CHINESE CHAMBER OF COMMERCE."

New Year Tea Party.

The control must be informed what foreign currencies are want-

More than 100 people gathored ed for, and it has not objected to

TEA PRODUCTION

IN AUSTRALIA Tests Now Proceed

In Queensland

FINE FLAVOUR POSSIBLE

Sydney Testa to determine whether

at a ten-party given by the Chinese permitting capital exporte for par- not lan can be produced on Chamber of Commerce yesterday

[afternoon, in celebration of the

New Years

Addresses were given by [Wong Kwong-fin; the "chail

Mr. - Tang" Shlu-koen,

sented Sir William:

'who.

Chan Fing the secretary

Chinese Chamber of

Sitting at the hea

the Hon. Dr. BH Hons Dr.

TANA

lin securities, with mercial basis in Australia are Zavourits use for ing carried out in Qu

the Department of Agr nds for ign exch bán:-"diversification of ""invest="

Teak

HACKWOOD FURNITURE

table. Opium stocis, Chairs Tamboya, Jardinieres, etc.

that

• It has flisady, been proj tea can be grown in parts of Aus trafic, but hitherto

Ster

heeler Boat 12 ft

Gun

"good favour, hava, been "bar-

widessi

and the

anual power

the th

Manila

no cater

ELES SQUARE?