1934-01-31 — Page 6

BANKS

HONG KONG AND SHANGHA!

·BANKING CORPORATION.

Bathurst Cap

109,000,000 Justed and Poly Falk-up mmmmmm. 10,000,000 Benores Funds 1-

$30,000,000

Moors Liabiny d Fropriators 136,000,000 EHAD OFFION: HONG KONG,

BOARD OF DIRROTORS 1—

2. E. Parms, Mog.

T. MIL, Khan, Kaq.

Deputy Charan,

T. H., Bell, Bing

K. R. Morrison, Eng.

Q. Miskia, ka

Ohio? Mange.

THE CHARTERED' BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1858.

HEAD OFFICE: LONDON,

Paid-up Capital

Reserve Fund ......

Reserve Liability of Pro-

prietors

COMMERCE

AND FINANCE

23,000,000 NEW YORK STOCK

EXCHANGE

.£3,000,000

....£3,000,000

Agencies sad Branches:

ALOR STAR

AURITIAN

TUCKING

VADRAS

A.O.F.C. Quotations.

New York. Yesterday. Dow Jones „Averages.

THE CHINA MAIL

Last To-day's Changes

Aver. Äver.

30 Industrials 107.00 108.00 1.09 up 20 Rails

49.03 50.55 1.52 up 20.87 27.10 .23 up

PRIPING (Pakingi

BANGOGE

RATOON

FEMARA NO

BEREMBAN

SHAROBAI

(20 Utilities

STKOLPORN

KITIAWAN

80.16 89.02 .47 up

BOITRABATA

TAIPING

A. H. Comptian, Eaq.

Jon, Mr. J.J. Paterson.

ton. Mr. R. Machia, J. P. Warren, Eng.

Box

MANGKOK RITAVIA BOWHAT

BALOUTTA

ELKTON ONEPOG

COLOMBO DAIBEN

TOCOBOW

HAIPHONG

J. M. Grabarn, Hig

BRANCHE-

LONDON

MALAOGA

MANILA

MUAM (oboral

MIDEN

XXW FOXE

PENANG

NAMIKOK BATAVIA BOMBAY

CALCUTTA GANTON

GAWNMOWE CYRU COLONNO

HALFBONG BAYBURG HATIDW HALEH

ПОХО КОКО

PROF

MAKILA

VEDIW

*EW YORK

FEXANO

RAMBURS

BANKOW

HARBIN

MONGKIW

ΠΟΙΟ

IPOB

JOROZE

KOBE

KOWLOON

KUALA LUMPUR

LYONS

PRIPING

BANDOON

BAIGON

BAN FRANCISCO

MANGIAI

SINGAPORE

DOURADATA

TIENTAIN

KUNORI PATAMI

THETO

TKINGTAO

TOKOKANA

Carens Armamente opened in meal Omerade) and lead Tiepodle venival for vue pune ne shorter perlu ta Tami Corretor and Births torte which will by quated on appilamio. Hong Kong, 24th January, 1934,

HONG KONG SAVINGS BANK.

* When at the abers Back in sunduriai Er the MOKO EONG AND SHANGHAI WAXE It may be shielket TRO DOSPORATION,

POB THE HONGKONG AND GRANOKAI RANKING CORPORATION,

T. N. GRATBURN.

Oil Manager.

Hong Kong. 24th April, 1983.

SAFETY FIRST !

To Safeguard Your Yaluabl

and Jewellerton,

Deposit them to a Vanl

that reallw; FIRE-PROOF BURGLAR-PROOF

DAMP - PROOF ! OUR SAFE DEPOSIT VAULT

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

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

TLONA

KARLOKI

KLANG

KUALA LUMPUTA

Foreign

TIENTER

TONOKAR (Bhru hot)

TEIROTAO

TOTOHANA

ZAMBOANGA

Exchange and

Banking business transacted,

40 Bonds Commodity

Index

53.52 53.44 08 down

Messrs. E. A. Pierce & Co Re-

port: Despite large activity, stocks

General are apparently not a danger point,

Current Accounts opened and Fix. but are rather under excellent con-

ed Deposits received for one year or trol. Wheat:: Prices are higher shorter periods at rates which will be on dry weather, better milling de- quoted on application.

Manager.

A. BREARLEY, Hong Kong, 17th November, 1932

mand and the anticipated monetary inflation. Cotton; Prices advan, ced early, but realising together with foreign liquidation brought the close a few points lower and THE BANK OF CANTON, LTD. closing sentiment was reactionary,

Established 1911.

Head Ofcri-Bong Kong.

Authorised Capital (ELL. Ourreesy) ...#11,000,000

Home Fund 1,50,000

BRANCHES —

Chatod Ras Frasciend

Lengha, Bashow, Bank,

LONDON BAKKERS (~~ The Lient's Bank, Limited. CORRESPONDENTS

In 'all principal sties of the World.

Perrigo Exchange sol basking inasum of eracy description transacted.

Sale Deposit Boxes (vacións sinne) už a yearly musial al from 84-40 840.

Silver: The market is quiet await- ing developments in the monetary situation.

Air Reduction

Business Done: -4,240,000 shares. Last To-day's Price Price

.102 103 Allied Chemical & Dye .14% 155 American Can

100% 100% American Radiator

16% 16% American Smelling 45% 46 American Tel & Tel.118% 11874

70% Waterworks 221⁄2 23

American Tobacco "P"

►

LOOK POONG SHAN,

Chief Manager. Bendix Aviation

Horden Co Canadian Pacific

fond Copper Mining 10%

THE BANK OF EAST ASIA, LTD. J. 1. Cane

$ 2,312,000,00

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

BOARD OF DIRECTORS:- Sir Shonson Chow. Chairman.

Li Koon Chun, Erg.

P. K. Kwok, Esq.

Wong Yun Tong, Esq.

Chan Ching Shek, Esq.

Li Lan Sang, Big,

Wong Chu Son, Esq.

Kan Ying Po, Esq.

Kau Tong Fo, Esq, Chief Manager.

Du Pont de Nemours

"Kodak East.pinn Electric Auto-lite Co Electric Bond Share Electrle Power & Light General Electric General

Foods

General Motors Gillette Safety

Gold Dust

ternat Harvester Internat Tel & Tel Liggett & Myers "B"

Loew's Inc

Ward

78

In Tax Battle

Veteran of many a hard battle in the boxing ring. Johnny Dundee, ones among the top fight in flat- ana, lost a decision to Uncle Sam, who contends that Dundos owes him $98,000 in income tax and penalties.. The Government charges Johnny' failed to include race track winnings and his wife's separate income in bla returas.

St.

WEDNESDAY, JANUARY 31, 1934,

John's Cathedral

Meeting

Finances In Sound Condition

MARKED INCREASE AT SERVICES

NEW ADVERTISEMENTS,

SOCIETY OF ST. GEORGE,

“HONGKONG

REMINDER.ir -

HE ANNUAL MEETING of the

THE

Society will take place in the boardroom of Messrs. Jardine, Matheson & Co., Ltd. on THURS- DAY, 1st February, 1934, at 5.50 p.m.

LINSTEAD & DAVIS,

Secretaries & Treasurers. Hong Kong, 31st January, 1994.

The annual meeting of St. John's of 'a special Cathedral Restoration Cathedral was held last night under Fund of $5,000, in order to meet the Chairmanship of the Very Rev. abnormal and unforeseen expendi- THE DAIRY FARM ICE & COLD Dean Alfred Swann, at which Sir ture which was due mainly to the STORAGE COMPANY, LIMITED. Henry Pollock, K.C., presented the ravages of white ants in the strue- accounts for the past year."

ture of the Cathedral, and in a les NOTICE TO SHAREHOLDERS

trying NOTICE

The report and accounts for the measure to the necessity for re- past year were seconded by Mr. Prplacing the old electric wiring..

IS HEREBY GIVEN S. Cassidy and carried, while the During thesÉ recent

that the THIRTY-EIGHTH budget for the current year was also financial times Mr. Brearley's aer ORDINARY YEARLY MEETING carried on its being seconded by Mrvices as Treasurer have been in-of the Shareholders in the Company H. B. L. Dowbiggin.

valuable also in the matter of keep will be held at the Company's Town Mesars. P. Jacks and P. S. Casing a close check upon our expendi-Office, 2, Lower Albert Road, on aidy were elected representatives to ture.

TUESDAY, 20th February, 1934 at. the Board of Trustees of the

11 am, for the purpose of receiv- Church of England in the Diocese For the first time for some years ing the Report of the Directors to- of Victoria, while the following past the Cathedral Account is able gether with Statement of Accounts, were elected to represent the Cathe to show an excess of income over declaring a Dividend and re-elect- dral on the Diocesan Conference: expenditure instead of an annually ing Directors and Auditors. Mr. A. S. Abbott, Mr. F. Austin, Irecurring deficit.

The TRANSFER BOOKS of the

Surplus. In Hand.

Mr. W. C. Clark, Professor Forster, We have, in fact, a surplus on the Company WILL BE CLOSED from Mr. D. S. Harley, Professor C. A. Cathedral Account for 1933 of the 9th February to 20th February, Herklotz, Mr. T. H. King, Mr. F. $4,700 odd, as against a defielt for 1934, both days inclusive. Mason. Mrs. Davidson, Mrs. Swann, 1932 of $8,800 odd; that is to say. By Orders of the Board of Directors.

J. D. THOMSON,

Secretary.

COTTON, SILVER Mra. Wolfe and Miss Buckwell. we are $13,500 up at the end of

AND WHEAT

Latest Quotations.

NEW YORK COMMODITY MARKETS

Financial Statement.

Hong Kong, 30th January, 1934.

1933 as compared with the end of In dealing with the Cathedral 1932. But that improved position finances for the past year and the in 1933, as compared with 1932, is Budget for 1934 Sir Henry Pollock due in great measure

that we had no Assistant Chaplain HONG KONG PHILHARMONIC said:

SOCIETY.

to the fact

Before going into details of our in 1933. and, as you know, in our accounts, I should like, as a Mem. budget for 1934, we have to provide ber of the Finance Committee, to for passage and salary for our new bear witness to the very valuable assistant. Chaplin, Mr. Baines, New York, Jan. 31. work which has been done by Mr.Who will be arriving here in a few 184

Messrs. Asis Lands Ltd. have raBrearley as our Hon. Treasurer days time. 52%

Another factor, which made our during the past year, when his 22ceived the following quotations on duties also included the collection financial position in 1933 better Ithan in previous years was the ces- 16% the New York cotton and wheat.

sation of the retiring allowance 824 rubber, alik and sliver exchanges

paid to our late Chaplain, Mr. 28% on the Commodity Exchange Inc..

Copley Moyle. 57 New York:

SILVER

Silver: Commodity Exchange Inc. 6% of New York: 234

Total sales for the day:-

EXCHANGES.

TO-DAY'S QUOTATIONS.

62

22%

2034

23%

2514

1G

Caterpillar Co Authorised Capital $10,000,000,00 Chase National Bank Paid-up Capita!......$5,598,600.00 Chrysler Motors Reserve and Undivided

Proits

201

36%

Consolidated Gas of N.Y. 42% Curtiss Wright

434

101%

Closing Commodity Prices on On London- January 30.

80

T. T. On demand

2844

18

364

Jan. 29 Range Jan. 30 Range

40% Mar....44.70 44.80

44.55 44.60

On demand

1/534 1/634 Four months' sight 1/67%

4 months' Credits aight

1/6/% On New York---

37

21

May....45.20 45.25

45.02 45.05

449

16%

July...45.70 45.80

Credits 60 days'

Bight

nom.

45.50 45.50

On Paris-

10

On demand

5872

29%

2814

321 contracts of 150 contracta of

47

25,000 ozs cach

Credits 4 months'

eight

6272

No tonal City Bank

271

On ludia-o

National

Dairy Products 15%

10%

Market:-Slendy.

T. T.

08

Batavia

Manis Melbourne

Seattle

Otia Elevator

18%

Semarang

Pacific Gas & Electric

On demand

98

18%

Bombay

Nagasaki

Shanghal

Rubber:

924

81⁄4

Commodity Exchanz

On Shanghal-

Calcutta

New York Crake

Inc. of New York:

Singapore

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

Paris

Swatom

Scars Rochuck

47%

Honolulu Kobe Kowloon London

Penang Rangoon

Synder Taihoku

Standard Gas

Standard Branda

24%

Jan. 29. Jan. 30. March....... 10.41 10.02

On demand On Japan:-

110

On demand

May

Tientsin

Salgon

Tokyo

Socony Vacuum Corpn

Standard Oil Co of NJ. 47

47%

July

10.70 10,31 11.00 10.62

On Manila-

1234

73

་

Vancouver Yokohama

Texas Corpn

| On Singapore---

28%

Trana-America

7%

Union Carbide & Carbon 48%

Union Pacific

68%

57

On demand ....... 88% On "Bangkok----- On demand

125

1/6%

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

Des Voeux Road, Central,

HEAD OFFICE:-Talpek, FormMOSA. Incorporated by Special Imperial Charter, 1829,

Onairal Bank ja Formons Bank-Moses Lavand Average aiment „..Tom. CAJON PHA,

Li Tre Fong, Esq., Manager.

BRANCHES AND AGENCIES:- Amoy

Pelping

San Felace

Manigomery National Biscuit

Sourabaya

Packard Motors

Pennsylvania Rly

Padio Coron

Every description of Banking and

On and after August 15th, 1983, the Exchange business transacted. rata of Interest on Special Current granted on approved securities. Deposit will be at 2%. p.m. on daily

Current Accounts spened in Local balance and the rate for balance over Currency and Fixed Deposits received $10,000 will be quoted on application or one year or shorter periods in Local (Maximum rate--14%).

and Foreign Currencies on terms which will be quoted on application.

Safe Deposit Boxes To Let

LONDON BANKERE:

Barclayu Bank, Ltd., Boyne Back, L44. Midland Bank, LAL, Wannlærter Desk, LAW.

wwwwwww..com

The Bank her Comespaisata in all the prinaju Jummarsial. Oudies theoughout the malā.

К. Мазол

SORO LOXO BAANOR:

21, Dy Tour Bead Contrai.

Kang Taeg. Disember 31, 1984.

Yen.121,250,000

`THE YOKOHAMA SPECIE BANK,

LIMITED.

Established 1896.

Capital (fully pak-up) Yan100,000,000 Baserva Fund

· Kouă Olles:—YOKOHAMA.

Branches and Agonción atr

Alexandria

New York

L

Bombay

Calcutta

Chater

Dairen (Dalby)

Nagusaid

Nagoya

Quaka

Paris

Paiping Rangoon

Fangtion (Mulden) Bia, de Janeiro. Hamburg

Hoat Lonr

hookow

Harbin

Romolala

Hainking

Kobe

Los Angeles

Karachi

London

* Deposits recely.

"Francisco

Beate Bensating Stanghal

Singapore Bourabaya

Bydney Tientals Tokyo

Tsingtan Yingkow

Moji

"Naturaet " 'allowad

st rater to be obta

doni Aone, 11th Septam

KAN TONG PO,

Chief Manager. Hong Kong, 24th November, 1933.

THER

AMERICAN EXPRESS COMPANY, ING.

Head Olles)-45, Broadway, New York

.U.8.36,008,000,00 „U.3.31887,089.17 18.11,718,979.67

Capital Burplus Reservas

BRANCHES

Nborg

Mexico City

Branches of American Expener Com pany in Principal cities of: United Etates of Amerdos and Casada.

All elmassa of Glenmarcial". Banking Transactions undertake,

Personal invasinians: accou kandlad,

25.000 ozs each

RUBBER.

18% Total sales for the day:---

984 contracts — 764 contracts NATIONAL SILK

49%

United Air & Transport 85

3634 United Corpu

57% 57% United States Steel

4444 Westinghouse E & M 48%

BID-†.

THE OVERSEAS NATIONAL

BANK LTD.

National Bank Building,

EXCHANGE.

Jan. 29 Range Jan. 30 Range Feb. ...1.42 143⁄41⁄2 1.45 1.48

SUGAR Bugar: New York Bugar & Coffee Fachange:

On demand

On demand

On Batavia,

On demand

On Saigon→→→

An Explanation.

"PIRATES

OF

PENZANCE?

KING'S THEATRE. February 6, 8, 9 & 10 at 9.30 p.m. Matinee, Feb. 7. at 4.38 p.m. Booking at the King's Theatre from February 1st.

The item of passages on the ex- penditure side of account reminds me that I ought, in fairness not only to the Dean himself but also to the Finance Committee, to cor- rect an erroneous impression, to the effect that, when the Dean took four months' short leave in 1930, for urgent personal reasons, his Children Half Price for the Matines passage to and from England was

Services (In Uniform> Half paid for out of Cathedral Funds. Price at all performances for the

$2.00 & $1.00 Sents.

Prices $3.50, $3.60, $2.00 & $1.00 (Excluding Tax)

This is incorrect, as the Dean, de- frayed the cost out of his own poc-¡ • ket. In fact, we have made no dis. bursement for passages on account Anglican Church, where the atten- of the Dean since 1927. when he dances of worshippers have fully firat left home to take up his ap come up to expectations, and have pointment here.

It has even been suggested that proved the need for a Church in our Bishops do a great deal ΟΣ

Budget For 1934.

that neighbourhood. -

travelling, and rumoured that the

I will now briefly compare our cost of those passages comes out Budget Agures for 1984 with those

This,

of our Cathedral funds.

jagain, is quite erroneous, as neither

for 1938. The

Dean's item,

Stipend,

of Л

the salary nor the travelling ex- penses of our Bishops have been Allowances, et cetera, is down by charged up against our Cathedral 1,200 owing to the omission of funda, with the exception

| leave-pay; but, on the 'other' hand, amall allowance of $100 a month we have to pay $6,000 for the which was made to Bishop Duppay salary of the Assistant Chaplain. after the big slump in the dollar. The dollar item for Organist's Turning now to the income side of Salary is slightly down as we are the Cathedral account, I regret to budgeting for a higher rate of ex- have to inform you that, owing to change in 1934 than in 1988 adverse trade conditions, our mort Passages, including a réserve for gage interest for 1933 shows a de-passages, of $3,000, practically crease of $1,000 as compared with stand at the same figure as in the 1982. .... 1% prem.

Budget for 1988. Cotton: New York Cotton E-Rate of Native Interest 84% p.a.

Chinese Sub, Cola .......... 88% din...... Jan. 29 Range Jan. 30 Range Hong Kong Suk, Coln 4% prem ....11.86. 11.28 11.83 11:54

LONDON EXCHANGES.

-- Sovereigns, bank bay. Jan. 29. Jan. 30.

ing rate 1.46 1.46Bar Silver per 0%.... 19 9/16 1.51. 1.61

Bar Silver in Hong

Kong..

March May July

1.55 1.54

Market:-Quiet.

COTTON,

8A, Des Voeux Road, Central,

Authorized Capital: - $5,000,000.00 | change: Paid-up Capital

1,000,000.00

New York, London, and Mar.

Paris Agents; BANKERS TRUST COMPANY. May...1152 21.54 We offer facilities for the transas-July-200,11.88/11.70 tion of general banking - business. Oct. 11.84 11.85- Foreign ExchangD transacted. Stacks and bonds bought and sold Lemas Dec. .11.98.11.98 granted on approved, securities, |Jan. ........12,01 1201

LEB FANG, Middling. General Manague.

THE MERCANTILE BANK OF INDIA, LTD.

น

·HEAD OFFICE

Genauen pron Burçak, Logg

2.04.

Authorised Capital .... Bubscribed Capital ...... Paid-up Capital w 1,050,000 Reserve Fund: & Rest 2,246,735

·HONG KONG KRAMIH,

Hvory Ameription of Hanides and Kimbunge back

-The Company office to intanding 100 km SSE PAREN Travelers - the use of, ihm **Traveler"

--Trustee, and "Ezseni

Choquee", and" Letters of Credit and taken.

in addition, the world-wida suVİGNİ

of its thoroughly equipped Travel De Finlandan alhaise: then They

1. W. DUGGAN, E

11.49-11′49 1155 11.66

1181 1181

11.93 1194 .11.99' 11.99

Spot..11.70.

11.70 CHICAGO WHEAT, Wheat: Chicago Board of Trade?

Jan. 29. Jan. 30.

May July'

Beptember

Total sales for the day!--

10,000,000 - 20,000,000

Copper Cash Copper Centa

BOM.

Hom

[19 7/16:

18.16

Paris

New York

Montreal

London, Yesterday,

79 16/82 5.02 5.04:

Brussels

Geneva Amsterdam

22.41% 16.12 7.77

924........ 92%

90% 91%

.92%

92%

Milan Berlin Stockholm Copenhagen

Oslo

19.89% 22.40 19.90

Vienna

Bushels

busbelä

Prague

NEWLY MINED GOLD: (WASHINGTON);

Pond-Jan, 29 Jan: 30

Helsingfors

-Madrid

Lisbon

Athene

Bucharest

Belgrado

∙105. 2261⁄2 28-13/16 110 545 sellers 580 230,

Buenos Aires

Montevideo

Bombay

Reconstruction Finance Corpe's buying price, per oz.

84.45-34.45

Bio

QUALITY PRINTING

- Shanghai (--VIDE1/A%

Fone: Ron

Yokohama

Silver Spot

1/6 373

1/64 033/1/2/6/16-

19:9/10

› Bilyer Forwardı. 2. 19 9/16 N

@War Löan 821001

Sellers. Dficial

British Wireless Service.

Decreased Inbomela • On Property Maintenance for the Unfortunately our mortage in- Cathedral and "Kellett Crest” the tereat for 1984 is likely to show figures as compared with the Budget *still farther decrease, as mort for 1988 are $1,150 down."- Banic" cages fall due for renewal, prob-Interest is put at $400 Instead of ably at decreasing rates of in-8800, and the item for Organ Ré- terest. Also our interest on the pairs and Tuning is put "at, 3600 Hong Kong Government Loan instead of $300. [has been reduced from 6% to 4%% In regard to external

commit

In the Cathedral Hall Account ments it is felt that this Cathedral, for 1988; as compared with 1982, the Mother Church of a large our credit balance has been In Diocese, ought to increase its dioce creased from $885 £0 £1,45500 -~| aan'«quota from $1,750 to $2,250 'and.

In the St. John's Review Account, it is hoped that that increass will we have a smaller debit balance meet with your approval, |$221 instead of $630—and the sub- † We have also to provide $1,166.70, jscriptions to it for 1938 were near-being the balance of our agreed ly $200 dp on 1982, but it is hoped quots to the Kowloon Tong Angli- to make this account come out even can Church, in order to complets for 1984;2.

SEAL QUr promised contribution to that

In the Dean's House Account for Church" (to which I have already 1989 the sum of nearly $1,500 re-referred) of the sum of $2,000, ceived for rent during (Mrs.⠀ Our Income for 1984, for the rea- Swann's absence considerably sons already explained, must be less duced our debly balance on this ac than for 1983, and we are, there count. In 1988 as compared with fore, budgeting, for $10,500 only; 1982,

our actual income for 1983 was |$16,118.80.

Kowloon Tong Church,

The balance sheet for 1983, doen)* That leaves us, with an amount | not, I, think, call for any special required from the goodwill" naheme comment. You will notice, at the and offertories, in order to balance foot of the balance sheet, the al-jour budget for 1984, of $23,891.70 location of $4853

"anim: fo- that: la to say, we require in 1934''

some $2,750 more than we actually frat received for goodwill offerings and

000 offertorian in 1988,997 M

wards special obje Laumdota

promised to the Kowloon +TORE.

(Continued on Page 7),