1934-04-24 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

M

Katherized Cup $8,000,000 loved and Fully Filmy

Beserve Funda :--

Merking comm,600,00

$70,000,000

30,888,000

---Mannery Lábtity of Propriek #25,000,000

HEAD OFFICE: BONGKONG.

BOILED OF DIRECTURA.

1. Mr.

41.8. Stuckle

Chelooms.

7. P. Warren, Bing, Deputy Chairm 12.

Hon. Mr. W. 11. Bell A. H. Compion, Ka

W. J. Keswich Ext Q. C. Knight, Eng.

AMOT

BANGKOK

BATAVIA

BOMBAY CALCUTTA

CANTON CHEFCO COLONNO DAIRER

POOCHOW HAIPHONG

HAMBURG

HANKOW HARRIN

HONGKEW 110L0

IPOE

JONORE

KORE

ROWLOON

19. Minkin, Ky.

K. H. 4osrin, Iteg.

T. Z. Pearce Dig

V. M. Grybein, Eaq,

Chief Munger.

BRANCHES 2-

LOEDOE

LYOXS

MALACCA MANILA

NTIAR (Johor) MUKDEN

NEW YORK

PRIPING PENANG RANGIOR

BAIGON

RAN FRANCISCO

KUALA LUMPUR

NIANGHAL

HINGAPORE

ROUBANATA

RUNGEI PATANK,

TIENTSIN

75INGTAO

TOKTA

YOKOHAMA

THE CHARTERED BANK- OF INDIA, AUSTRALIA. & CHINA.

Incorporated by Royal Charter, 1883.

HEAD OFFICE: LONDON,

Paid-up Capital

Reserve Fund

Reserve Liability of IrO-

prietors

THE CHINA MAIL.

Commerce and

Finance

LAND VALUE T $3,000,000 AT REPULSE BAY

SHOWS INCREASE

£3,000,000

£3,000,000

Rangoon

Agencies and Branches:

Alor Star

Amritsar

Bangkok

Batavia

Bombay Calcutta

Canton

Cawnpore

Cebu

Moffo

Ipoh Karachi

Kleng Kobe. Kuala

- Lumpur

Kuching Madras Manila

Saigon Semarang Seremban

Shanghai Singapore Sitiawan Sourabaya Taiping Tientsin Tongkah

(Bhoker)

Colombo Delhi

Medan

Haiphong

New York

Hamburg

Feining

Tsingtao

Hankow

Penang

Harbin

(Feking) Yokohama

Zamboanga

Development To Be Started Shortly.

REALTY AND TRUST CO. MEETING

Decretion Of $7,200

"The profit for the year 1933 showed a decretion of $7,200 as coinpared with that of 1932, such diminution being generally ae- Hong Kong

Foreign Exchange and General counted for by the decrease in re- Banking business transacted.

Current Accounts opened and Fix venue by way of dividends on in- ed Deposits received for one year or vestments of $13,000, offset in a shorter periods at rates which will be measure by a profit of $7,000 quoted on application.

+

W. H. E. THOMAS,

Acting Manager. Hong Kong, 20th February, 1934.

realised on the disposal of cer- Lain investments," said Mr. John Fleming, "Chairman of Directors. at the annual meeting of the Hong Kong Realty and Trust)

Oerent Arracak opened in Love THE BANK OF CANTON, LTD. Company, Ltd., held at the Ex-

and Pizać Depostte ranged for on your or

shorter partod In Local Company bod Starling serous which will be quoted of application. Hong Kong 13th April, 1934.

HONG KONG SAVINGS BANK.

The RustDona int the shore Bank la mondmot

a b the BONG KONG AND GUANOHAI WANKING CORBATION.. Mule day be wiimland on application.

FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION.

V. N. GALTBURN,

Chief Mumien,

Hong Kong, 28th February, 1934

SAFETY FIRST!

To Safeguard Your Valuables.

and Jewelleries.

Deposit them in

Vault

that in really: FIRE PROOF

BURGLAR-PROOF

DAMP PROOF!

OUR SAFE DEPOSIT VAULT

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

Inspection Cordially invited.

Established 1912.

Bead Office:--Hong Kong. Asteriaal Osolia) (B.E. Deracy

Reserva Feid I, I,ANNE

BRANOURE

change Buildings this morning.

Those present were Mr. John Fleming, Chairman. Sir Shou-son Chow, Mesura, T. E. Pearce, E. M. Raymond, and P. K. Kwok, Direc- urs, and Mr. J. H. Taggart. Managing Director, Mr. F. C.

Cartes kal. Fashion, Bangkok, Barry, Secretary and Messrs. A.

eal fax Fratećima.

LONDON BANGERS 11

The Licyt's Park, Limited.

OORRESPONDENTA

In a peletal elties of the World,

7araig tobago sail banking hopes of

SVT deption sesamoted.

Sals Disposit Beuse (various odoon) at a pourly rome a from to ca

LOOK POONG SHAN.

M. de Era, Px. Suckling. T. R. Parsons, H. I. M. de Figurero, and Yeung Man-hol.

Chairman's Speech, Presenting the report and state-

Mr.

Joha Chief Manager.ment of accounts

Fleming, the Chairman, said:

THE BANK OF EAST ASIA, LTD.

"Prior to reviewing the business of the Company for the past year, $10,000,000.00 I must refer with regret to the re- 5,598,600.00 signation from the Board of Mr. became J. Scott Harston, which effective in December last. Scutt Harston, who has been Director of this Company mince its inception. has faithfully served its interests, and 1 take this oppor-

$2,454,000.00

Authorised Capital Paid-up Capital ...... Reserve and Undivided

Profita

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

BOARD OF DIRECTORS:-

Sir Shouson Chow, Chairman.

Kan Tong Po, Esq, Chief Manager. Li The Fong, Esq., Manager,

BRANCHES AND AGENCIES:---

Manila

Melbourna

Amoy

THE NATIONAL COMMERCIAL Belavia

& SAVINGS BANK, LTD.

Nagasaki

Soat:Us

Semarang Shanghai Singapore

LOCAL DOLLAR DECLINES:

Silver Prices Advance.

The local dollar has declined a demand further opening on this morning at 1/5%.

Spot and forward silver prices

yesterday recovered 8/16, closing prices being 19% and 19 15/16) respectively.

The London on New York cross rate yesterday, closed at £—U.S. $5.145% as compared. with £-US. $5.16%, while the New York on London rate closed at £-US. $5- 15% as compared with U.S.$5. 164 on Saturday.

LONDON EXCHANGES.

War Loan 32%

1/4%

1/2 3/16 19%

心

TUESDAY, APRIL 24, 1934.

Slumming in Virgin Islands

Mrs. Franklin D. Roosevelt, pictured during her tour of inspection of ruined homes in the poorer section of Christianstad, St. Croix, Virgin Islands, during her flying tour of the Caribbean,

On T.T. and demand 96

Koon Chun, Esq. P. K. Kwok, Esq. tunity of voicing on behalf of located on the Mezzanine Floor of Wong Yun Tong, Esq. Chan Ching members of the Board and Share- Our New building i Specially Con-Shek, Esq. Li Lan Sang, Esq. Wong holders our thanks to him for his structed to provide all of these Im-Chu Son, Esq. and Kan Ying Po, Esq.

readily given services which have value to the portant Qualities.

been of inestimable Company, and which are fully approximatedly $350,000: in this re- Sovereigns bank buy- preciated.

gard it is unnecessary for me to The profit for the year under re-digress to any extent upon the de- Bar Silver per oz.

lo view amounted $60,292.82.pressing eircumstances contribut-Bar Silver in Hong

Kong with the amount which, together

ing to the inactive condition of of $26,270.83 brought forward the local

Share Market, which Copper Cash

Copper Cents

1% prem. the from the previous year, makes the

been responsible for

Rate of Native Interest 3% pa. of $32,563.65 available for alloca-

Call in security valued, Chinese Sub, Coln...

81% dis. tion, and the proposed recom with the ruling factors of which Hong Kong Sub. Coin par. Imendation of your

you are no doubt only too,familiar. For the purpose of conveying to Shareholders more comprehensive $60,000,00

linformation as to the Company's 32,563.65 Investments, a classification of 1933 them appears upon the Balance

Corner of Ice House Street and Des Voeux Road, 'Central,

Bombay

Calcutta

Canton

Kaiphong

Hankow Honolulu

Kobe Kowloon

THE BANK OF TAIWAN, LTD. London

(TAIWAN GINKO.).

HEAD OFFICE:-Taipeh, Formoss Incorporated by Special Imperial

Charter, 1899.

Central Bank in Porteve

Bank-Sirius katund Arsengi umetal. ...Yan. 11,00

.

New York Osaka

Paris

Pelping

Penang

Rangoon Salgon

San Fcisco

Sourabaya

Swatow

Synder

Talhoku Tientsin Tokyo

Vancouver Yokohama

Every description of Banking and Exchange bustien transacted. Loans, granted on approved securities.

this respect is:- To Pay a Dividend cents per share

Directors

of 30

To Carry forward to next

Recount

The profit for the year Currani Ascounts opened in Local showed a decretion of $7,200

COTTON SILVER AND WHEAT Latest Quotations.

NEW ADVERTISEMENTS.

PUBLIC AUCTION.

THE Undersigned have received instructions to sell by Publis Auction

་ ་

}

ON

Thursday, the 26th. April, 1934. commencing at 10.30 a.m.

at No. 72, Nathan Road, (Marcel Buffet) Kowloon.

A Quantity of Shop Fittings, Partitions, Ceiling Fans

also

One Cash Registered

On View from Wednesday, the

26th. April, 1934.

Terms: Cash on Delivery

LAMMERT BROS, Auctioneers.

Hong Kong, 24th April, 1934.

NEW YORK STOCK · EXCHANGE

A.O.F.C. Quotations.

New York, Yesterday. Dow Jones Averages.

Aver. Aver. Last To-day's Changes"

100.34 105.92 .42 down! 50.08 50.50 .12 down 20.71 20.54 17 down

30 Industrials 120 Rails 120 Utilities

40 Bonds Commodity

Index

95.20 95.18 .02 down

51.52 51.28 .24 down

market

re*

Messra. E. A. Pierce & Co Re- port:The trend of the was somewhat disappointing. After the

last Friday's demonstration, New York, April 24. market is awaiting the publication Messrs. Asia Lands Ltd. have re-lof first-quarter important earning the raived the following quotations on statements, the outcome of the New York cotton and wheat railway wage dispute and legisla- rubber, silk and silver exchanges tive developments at Washington.

WheatMarket nervous op newed liquidation, mostly for. July and September. Weak cables were off-set by dust storma in the North-West. The visible decrease Cot- in stocks is disappointing,

3 lower ton:-After

opening, Prices held quite steady and sen- iment was mixed with a general disposition to await developments at Washington. Silver:-Prices and the fuctuated irregularly

SILVER Silver: Commodity Exchange Inc. of New York:

139 contracts of 186 contracts of market was sensitive to moderate. 25,000 ozs. each 25.000 ozs. each ordera either way. Uncertainty over the legislative programme and the weakness of the Chinese Rubber: Commodity Exchange silver market were depressing in-

..12.64 12.65

Sepi....12.30 12.91

Paris New York Montreal

London, Yesterday.

77 7/32

6.14

5.12

EXCHANGES.

Brussels Amsterdam

21.77

7.53%

TO-DAY'S QUOTATIONS.

Milan Berlin Stockholm Geneva Copenhagen Oslo Vienna Prague

59 15/16

13.042 19.40

On London-

T. T.

1/536

16.7314

One demand

1/634

22.39

Four months' sight 1/52

NEW YORK COMMODITY MARKETS

19.901⁄2

Credits 4 months'

28

sight

1/6%

1224

On New York-

Helsingfors

220%

On demand.

37%

Madrid

37 9/32

Credits 60 daya'

Lisbon

110

sight

39

Athens

535

On Paris-

Bucharest

510

On demand

6572

on the Commodity Exchanges Inc.. New York:-

Belgrade

226

Credits

4 months'

Rio

4*

sight

697%

Glosing Commodity Price April 23.

on

Buenos Aires

364*

On India-

Montevideo

381

Bombay

1/6 1/16

¡On Shanghai-

Shanghai

On demand

1101

Hong Kong

1/5 11/16

Ол Зарап:-

May

Mr.

Yokohama

On demand

122

July

.45.55 45,55

n

On Manit

Silver Spot Forward

[Sept.

.45.90 45.90

Apr. 21 Range Apr. 23 Range .45.10 45.15 44.85 44.85 45.16 45.15 45.55 45.60

19 16/16

On demand

75%

Dee.....46.45 46.55

40.10 46.10

104 13/16

On Singapore-

Total sales for the day:-

On demand

61%

• Sellers Official

-British Wireless Service.

On Batavia

On demand

54%

Markel :-Easy,

On Saigon

RUBBER.

On demand

554

of these Investments at the end of On Bangkok-

On demand 1933 showed a diminution of ap-

Inc. of New York:

Auences.

128%

Apr. 21 Range Apr. 23 Range

Business Done:-1,110,000 shares.

ing rate

1/6

May July

.12.30 12.40

12.46 12.46

Last To-day's

Price Price

12.70 12.72

19%

Air Reduction 12.95 12.35

90%//

90

Dom.

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

Allied Chemical & Dyc. 150 American Can

148

...104

103.

nom.

American Radiator

15%

15%

American Smelting....

434 44

SUGAR.

J. 1. Case Sugar: New York Suger & Coffee Caterpillar Go Exchange:

SILK.

American Tel & Tel...122 122 Silk: Commodity Exchange Inc. of American Tobacco "B" 73% American Waterworks 219% New York:

Anpronda Copper Min- Apr. 21 Range Apr. 23 Range May...1.26 1.26% 1.26 1.27 Sept...1.281⁄2 1.29 1.28% 1.28 Dec. ...

unquoted unquoted

73

21%

16%

10%

Auburn

414

40%

Bendix Aviation

194

18號

Borden Ca

25%

25%

Canadian Pacific

10%

16%

Chase National Bank

31

30%

May July

1.40

1.40

Apr. 21. Apr. 23. Consolidated Gas of N.Y. 35

Chrysler Motors

54

5214

384

Curtiss Wright

24 4%

1.47

1.47

Du Pont de Nemours

08

06%

September Market:-Quiet,

1.53

1.53

Eastman Kodak ..

95

34%

Electric Auto-lite Co

27 2714

Cotton

Electric Bond & Share COTTON.

Electric Power & Light 7 New York Cotton Ex-General Electrie

17%

1711

23%

234

Gener Motors

Foods

84%

3514

31

30

38

12

112

22%

42%

41%

14%

14

11.89 11.84 Ligeti & Myers "B"

Inc 11.89 11.90 Loew's

Montgomery Ward 11.99 12:00

Biscuit &. National City Bank 32 National Dairy Products 17%

05%

or

34%

334

81%

31%

43% 2314

31/2

17%

15-

15%

10% 10%

5

5%

3514

34

77

76

8%

8%

70%

60%

- 76%

78%

7712

Воколу-Vacuum Corpn

17

17

Brands

21%

Gan Standard

20,000,000

40%

bushels

bushels

Texas Corpn

27

27

COMPROMISE NOW LESS LIKELY.

AMERICAN GOLD PRICE: (WASHINGTON);

Trans-America

7%

7

Inion Pacific

.131 181

24%

U.8. Treasury Gold

Prioa, per E.

6% 0% 524 51 41.. 40%

in

have Isevere

in as Sheet, and this should assist

Currency and Fixed Deposits received

In compared with that of 1932, such assuring you of the well diversi.

for one year or shorter periods

ROOSEVELT DEFIED BY SILVERITES

(Continued from Page 1)

Senator Elmer Thomas sumnioned being generally ac-fied nature of these securities and 30 silver advocates to meet yester- day morning to hear the Commit- rate of Interest on Special Current terms which will be quoted on appll-counted for by the decrease in re-revenue carning powers. Deposit will he at 20% p.a. on dailycation.

I would subreit that no other tee's report on President Roosevelt's venue by way of Dividends on in- balance and the rate for balance over] Safe Deposit Boxes To Let.

for position, and to plan action most Balance Sheet changes call $10,000 will be quoted on application.

vestments of $13,000, offset in

to favouring mandatory legislation, differences, uny measure by the profit of $7,000 comment,

not despite the President's insistence on realised on disposal of certain in-which specific mention has

On and after August 15th, 1933, the Local

(Maximum rate-1%).

LONDON BAKELAN

Berlays Bank, Liku Lloyds Bank, Lit. Midland Back, Las, Worksineries Bank, Ind.

The Beat his arrespondente in aël the petuospal Bomarcal Contrue throughmut the world.

KONG KONG BRAKOR,

L. XADORA.

9, Vom Road, Benient.

Ivey Kong, Darambar 91, 308

Masage

and Foreign Currencies on diminution

KAN TONG PO,

Chief Manager. Hong Kong, 1st March, 1984.

THE

INC.

Head Office: 65, Broadway, New York.

Capital

THE YOKOHAMA SPECIE BANK Surplus

ناعي

LIMITED.

Established 1880

Reserve Fund

Capital (fully paid-up) Yen.100,000,000

...Yen.122,750,000

Head Office:-YOKOHAMA

Branches and Agencies at:

Alexandria

Reserves

17.8.$6,000,000,00 .U.S.£1,867,089.17 ..0.9.81,718,978.67

BRANCHES:—–—

G Glasgow

Harnes Hansburg

Hotelberg

Arnstardom Ashowt

Athen

Boola

Barila

Bohe

Bromen

Nagusakt

Bramle Calen Calzette Camber

London Tregal

Nagoya

Calen Copenhage

New York

Osaka Paris

Pillsburgh Flaconce

Monte Carle

Murde Mantenes

Mxico City

Kaplas Press Parla Falpink. Falem Rotterdam Bow Shanghai Bouplast Slagspos Tietal Taormina Visors Varice

Depre-months.

SPECIAL TO CHINA MATL

459 contracts 590 contracts

Apr. 21 Range Apr. 23 Range

Safety Gillette ...11.59 11.69 11.47 11.48

Gold Dust July...11.69 11.69 11.57 11.59. Internat Harvester ..11.83 11.83 11.72 11.74 Internat Tol & Tel Dec....11.95 13.95 ...11.99 11.99

May

Oct.

Jan.

July

September

+

Standard Gil Co of. NJ. 40%

Union Carbide & Carbon 4614 Union

vestment during the year. On been made, being self-explanatory, permissive measures onlyUnited change: the debit side of the Prost and No Repulse Bay Development. Press, per S.C. Gold Bar Co.

You will expect to hear from me Loss Account a reduction in Ad- AMERICAN EXPRESS COMPANY,ministrative Expenses of $10,000 some reference to

NAMES OF.U. S. SILVER the projected at

SPECULATORS was compensated by an increase development of your property

It is a matter for in Bank Interest changes; this Repulse Bay. increase accrued despite the lower regret that development has not averaged overdraft prevailing in been possible during the past (By Telegraph, Copyright, Telegra Mar, -.12.07 12.07

considered phic Messages Ordinance, 1894, Re-Middling

Spot..11.75

11.65 1933, as against the year, 1932, and year, it having been

ceived April 24, 852 a.m.)

WHEAT.

Otin Elevator of explanation, I would essential, prior to commencement,

Washington, To-day. by way

Pacife Gas & Electric Wheat: Chicago, Board of Trade: state that in 1982 the Company to obtain from the Government The United States Treasury

Packard Motors April. 21. April 23. Pennsylvanie Ry engaged to an extent in Loan bual-certain amendments in connection Secretary, Mr. Henry Morgenthau,

Radio Corpn nens against approved securities, with Building Covenants; agree-

Roebuck Sears of several which brought to credit the summent having latterly been reached yesterday said that he would give May

the Senate the names of $21.462.11, whereas during the regarding these points, plans are hundreds of people engaged in year under review such business now in course of preparation and

silver speculation, to-day-United Total sales for the day:-

30,000,000 had lot been conducted due to the it is anticipated that work will be Preas, por S.C. Gold Bar Co, adverse. conditions prevailing in commenced within the next few the local Share Market.

In this relation, clear- eintion has again been provided ing of the site has already been for on the usual scale, and the taken in hand, and it is conserva- that facilities estimated Company's Bungalows at Repulse tively

Wathington, To-day. Bay have been well maintained will be available to the public for

The Senate eliver advocaten 'yes- out of revenue.

the Summer Season of 1985.

The adoption of the report and terday met to discuss a program-

7.90 FLIGHTS IN FLYING was seconded by Mr.me in view of the failure, on Sa-Copper, Oct., per lb. 7.71 the Land value at Repulse Bay has accounts

$5.20 increased by $56,500 of which sum Suckling and carried unanimous-turday, to reach an agreement. Tin, Oct., per lb.' ...

BOATS TO-MORROW. Senator Thomas prealded. All classes of Commercial Banking $55,000 the cost of the new roadly.

that Saturday's compromise are appreciably dimin- Transactions undertaken.

now in course of construction. The confirmation of the appoint. He declared

Staff Of Command ment of Mr. T. E. Pearce as a meeting had not got anywhere. Inished, Investment Decrease.

wanted to President Roosevelt's view, that, director, and the re-election of the President Roosevelt

Headquarters. Investment at Coat, totalling retiring directors, the Hon. Bir continue his policy of experimen- any legislation should not be as mandatory, but that, authority to | $2,289,881.76, 'show a decrease of Shou-son Chow, and Mr. P.. Ktation, watching the outcome

fact, when and if he feels it′ advis Arrangements have been mado The Company offers to intending almost $200,000, as compared with Kwok, was carried on the mation he went along Travelers the use of its "Traveler"

Several, Senators submitted able, should be extended to him for the Staff of Command Head- Interest allowed on current At Cheques and Letters of Credit and, the similar item appearing at of Mr. H. M. de Gigurero,

in addition, the world-wide services December 31, 1982, due to the sale seconded by Mr. T, R. Parsons. statements endorsing the Dies by Congress, was thoroughly dis quarters to take flights in the

cussed at yesterday's' meeting visiting R. A. F. Supermarine, Deposita received for fixed periods of its thoroughly equipped Travel De- of securities realising the proft

The retiring auditors, Messra, B!}I. ;'

The concensus of opinion was Southampton Flying Boris to at rates to be obtained on application. partment

already referred to in my remarks Linstead and, Davis, were re-elect: The defiance of the silver blon] O KISHINAM

in connection with the Frost anded on the motion of Mr. A. M. de to Fresident Roosevelt now means, that more permissive legislation morrów. BW. DUGGAN, · Hong Kong, 11th Apr, 1984,"

Manager, Loss Account.

The market value Eca, seconded by Mr. P. Suckling. according to the Administration would be far short of the aliver The fights will commence

30 o'clock in the morning, onelals, that the possibilities of a group's purpose. Reuter.

Batavia

Berlin

Bombay

Calcutta

Canton

Dairen (Dalny)

Fengtien (Mukden) Rio de Janeiro

Hamburg

Hankow

Harbin

Hong Kong

Kobe

Londor

Los Angeles

Manila

Moji

[.

San Fra

Francisco Sentilo HEALLIN

Semarang

Singaport Soerabaya

Bydney Tientsin

Takyo

Tsinglat

Yingkow

Manager.

مالیات

Tokuskan

Zusich

Branches of American Expresi Come pany in Principal cities of United States of America and Canada.

Personal investment accounts handled.

་

Turning to the Balance Sheet,

!?!

Apr. 21 Apr. 28 United Air & Transport 26

United Corpn.g 285.00 $35.00 United States Steel

Westinghouse B & M

METAL

April 19 April 20

55.60

XD.—".