1934-05-04 — Page 4

PL

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Autherland Connina $80,008,400 Looped sad Pally Pald-up menama 39,100,000

Euro Fance—

erik...

£1,000,000

• $10,000,000 Boourro Liability of Proprietors to#20,000, 00

HEAD OFFIOR: HONGKONG...

BOARD OF DIRECTORS.

X 3+ €0.8, Mackis Chairman.

3. P. Warren, Esq. Deputy Chairman.

THE CHARTERED BANK - OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1863

HEAD OFFICE: LONDON.

Paid-up Capital

Reserve Fund

£8,000,000 £3,000,000

Reserve Liability of Pro-

prietors

£8,000,000 ||

Agencies and Branches:

Alor Star

Mollo

Rangoon

Amritsar

Ipoh

Salgon

Bangkok

Karachi

Semarang

Batavis

Klang

Seremban

A. B. Complan. Bag,

R. H. Mentor, K.

Bombay

Kobe

Shanghai

T. E. Pearce

Calcutta

Kuala

Singapore

Canton

Cawnpore

Lumpur

Sitiawan

Kuching

Sourabaya

Cebu

Madras

Taiping

Colombo

Manila

Tientsin

Medan

Tongkah

New York

Ha

Pelping

Hankow

(Peking) Yokohama

Harbin

Penang

(Bhuker) Tsingtao Zamboanga

Hon. Mr. W. 12. Bell.

W. 3. Rewick aq.

C. C. Knight, Esq.

AMOT

BA MOKOK

BATAVIA BOMBAY OALCOTTA CANTON CHEFCO COLOMBO

BATREK POOCROW HAIPHONG

IFAMBURO

KANKOW HARBIN BONGEW

Lono

JOHOR

KUBK

YOUTH

TOWLOON

7. Miskin, Kag

Y. M. Omyburn, Zag.

Chief Himanger.

BRANCHES

LONDON

LYONS

MALACCA

MANILA

MUAN (Johor) MOIDEN

NEW VOLE

PRIPIXO PENANG RANDOOK

RAIGHIN

BAN FRANCISCO

KUALA LUMPUR

SHANINIAI

SINGAPOR

TRABATA

MURUKI TATANI

TIEKTSIN

TOITO

ISIKOTIO

YOKOHAMA

Barroni Anconate opsoed is Lord Ouresnes Find Depodle rossimoć fœr von yine short periods in Lonal Company and Tara on terms which will be quoted on spplagian Hong Kong, 13th April, 1984.

HONG KONG SAVINGS BANK.

The Budinem at the above Park is conduct. the TOKO KONO AND SKÅNGMAI BANKING CORPORATION.

vbiilsed in spalication.

FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION.

V. M. ORAYBURN.

Hong Kong, 26th February, 1934.

SAFETY FIRST!

To Safeguard Your Valuablem and Jewelleries.

Deposit them in

Vault

that is realle: FIRE - PROOF

BURGLAR - PROOF

DAMP PROOF I

OUR SAFE DEPOSIT VAULT

Hong Konr

and

THE CHINA MAIL.

Commerce and Finance

NATIVE RUBBER CONTROL

Dutch Government's Assurances.

EXPORT TAX MEASURE

London, To-day. Questioned in the House of Commons, yesterday, regarding | guarantees that the Dutch East Indles would control the output of native rubber, the Secretary for Colonies, Sir Philip Cunliffe: Lister, said that the nutch Gov- ernment had undertaken to en- General sure adequate control.

Foreign Exchange Banking business transacted.

Current Accounts opened and Fix

The Minister understood that in the first instance, the Dutch

ed Deposits received for one year East Indies proposed to control shorter periods at rates which will be] quoted on application.

W. H. E. THOMAS,

Acting Manager. Hong Kong, 20th February, 1984.

THE BANK OF CANTON, LTD.

Established 1912.

Head Office:-Bong Kong.

Liberioed Capital (U.M. Curtuary) ...$11.80P,300 Pull-Up Captainer 1,000,000 Hemera Frid 3,780,000

BRANCHA

Canton. "Thangchat. Bashow, Bangkok,

and Bas Translaan.

LONDON HA KYERS +--

The Klayd's Bank, Lámhled. CORESPONDENTS

In all pelaokpal clliam of the World. Paroles Ernings and backing balmuen of every sportpálen levounched.

Sade Depot Boxsa (variano data) al « guariz Promo 2 in 848

LOOK POONG SHAN.

native exports by an export tax. -Reuter.

Equitable Price Level.

REGULATION DISCUSSED IN COMMONS

London, To-day,

In the House of Commons, yes. (terday, a series of questions were put to the Colonial Secretary, Sir Philip Cunliffe-Lister, regarding the rubber regulation scheme.

(Continued on page 9.) Asked whether he was satisfied that the uncertainly in regard to the {future price of rubber would not net Chief Manager detrimentally against the develop

ment of new uses for rubber which the prosperity of the Indus-

הם

THE BANK OF EAST ASIA, LTD. try must ultimately depend, the

Authorised Capital Paid-up Capital Reserve and Undivided

Proita

Minister replied that one of the $10,000,000.00 main objects of the scheme was to 5,598,800.00 maintain a fair and equitable price $2,434,000.00 level.

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

BOARD OF DIRECTORS:— Sir Shauson Chow, Chairman.

STOCK EXCHANGE CONTROL BILL.

Marginal Requirements,

Reduction Loses.

OVERWHELMING DEFEAT

Washington, To-day.

A proposal to reduce the mar- gin requirements of the Stock Exchange Control; Bill from 45 to 40 per cent. was overwhelm- ingly defeated in the House of Representatives, yesterday, thus disposing of the most controver sial section of the Bill.

Final approval of the Bill:by a large majority is expected.- Reuter.

ORIGINAL PLAN APPROVED

The House of Representatives. later approved the original 45 per feent. margin requirement.

WEAKENING ATTEMPTS

DEFEATED.

Washington, To-day. The Administration has defeated all attempts to weaken the Stock Market Control Bi-United Press, per S.C. Gold Bar Co.

FRIDAY, MAY, 4, 1994.

One of the many protests which grew out of the disbanament

of the CWA and the discharge of werkers is shown as it assumed the proportions of a street riot between Communistic workers in a march on New York City Hall.

U.S. TAX BILL THROUGH.

Increase Amendment Defeated.

SPECIAL TO CHINA NAIL (By Telegraph, Copyright, Telepra- phic Messages Ordinance, 1891. Re-

Washington, To-day.

COTTON, SILVER eived May 4, Bută ani)

AND WHEAT

Latest Quotations.

NEW YORK COMMODITY MARKETS

NEW YORK STOCK EXCHANGE

A.O.F.C. Quotations.

New York, Yesterday. Dow Jones Averages.

Avar. Aver. Last To-day's Changes

.98.82 98.91.12 up 46.29 46.54 25 up .24.10 23.95 .16 down .94.72 94.74.02 up

30 Industrials 20 Rails

The United States Senate has 20 Utiliex adopted the Conference report on Bonds the Tax Bill after rejecting Commodity

Senator Couzens' amendment in- creasing income taxes by 10 per

cent.

Index

51.43 51.10.33 down

NEW ADVERTISEMENTS, L

THE MACAO JOCKEY CLUB

ENTRY

PRIS for the Second Extra

ROGRAMMES ⠀ and

Race Meeting to be held at Macao on SUNDAY, 13th May, 1934, may be obtained from Messrs. Benjamin & Potts, The Sports Club and Hong Kong Jockey Club Stables.

Entries "CLOSED on Friday, 4th May, (TO-DAY), at 3 p.m. Sharp at the Secretary's Office, c/o Messrs. Benjamin & Potts, new Stock Ex- change Building, 4th Floor.

MODERN

TO LET,

three roomed

far

nished flat-quarter of an, hojës Journey from General Post Offe on hillside, facing harbour. Мо- dern sanitation: Excellent servants accommodation.

Rent $105.00 per

month, inclusive of rates, taxes and water. Apply B. & S. (Sugar Ac- counts Dept.)

PUBLIC AUCTIONS. Tinstructions to sell by Publie

THE Undersigned have received

Auction

ON

SATURDAY, 5th May, 1934, commencing at II a.m.

at their Sales Room,

4 Duddell Street,

1 Bale Hankerchief Cloth

60 Doz. Toilet Soaps

3 Cases Umbrella Cloth

2 Doz, pkts. Butywave Shampoos

Wet

Doz. cakes Naldires Dog Soap 2 Doz, pkts. Naldires Dog Powders 2/3 Doz. box Molanyl Marking Ink 5 Sets Douche Cans No. 6 Glass

2 pt.

Messrs. E, A. Pierce & Co Re-4

Sets Douche Cana No. 6 Glass

3 pt.

The Bill now goes to the White port:-"We think that the market House for President Roosevelt's looks a little better: at least, New York, May 4.

it 6 Stethoscoper No. 3 5/6 each signature.-United Press,- per S.C.seemed as though buying became a Mesars. Asia Lands Ltd. have re-Gold Bar Col

and A Quantity ceived the following quotations on

trife more confident, although no Goods, Household Furniture, Sun- of Sample Piece the New York cotton and wheat.

fresh factors have appeared, How dry Goods etc., etc. He thought that it would be rubber, silk and silver exchanges

ever, the volume has not material-) generally agreed that the stability on the Commodity Exchanges Inc.

Terms: Cash on Delivery. of the price was most likely to be New York:-

ly increased on the down-side and,)

LAMMERT BROS.,

Auctioneers.

FLEXIBLE SCHEME

1

Li Koon Chan, Esq. P. K. Kwok, Esq. scheme. It should also be remem-May 3.

secured by a regulated but flexible; Closing Commodity Price OD located on the Mezzanine Floor of Wong Yun Tong, Esq. Chan Chingbered that the scheme contained an Our New building in Specially Con-Shek. Esq. Li Lan Sang, Esq. Wong structed to provide all of these Im-Chu Son, Esq. and Kan Ying Po, Esq. express provision for associating the portant Qualities.

Yon may obtain a Safe Deposit Box in this most up-to-date Vault for Your own the at a very moder- ats Rental

Inspection Cordially Invited.

THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD.

Corner of Ize Nouns Street, and Des Voeux Road, Central.

Kao Tone Po, Esq, Chief Hanager. L THE FORE, Esq., Manager.

BRANCHES AND AGENCIES:--

Manila Melbourne

Ampy

Batavia

Bombay

Nagaanki

Calcutta

New York

Canton

Oska

Seattle Semarang Shanghai Singapore Sourabaya Swatow Synday

Tientsin

Tokyo

Haiphong Hankow Honolulu Robe Kowloon

THE BANK OF TAIWAN, LTD. Londos

(TAIWAN GINKO.)

HEAD OFFICE:-Talpeh, Formosa Incorporated by Special Imperla} Charter, 1809.

Costen) Bank in Forsmann

Paris

Peiping

Penang Rangoon Saigon

Tathoko

Son P'cisco Vancouver Yokohama

Every description of Banking and granted on approved securities.

SILVER

Silver: Commodity Exchange Inc. representatives of the consumers of New York: with the International Committee, who would administer it.

Answering supplementary questions, the Minister said there was по intention of putting he price of rubber on an "artificial level."

Those who drafted the scheme were fully aware it was desirable to have the maximum amount of rub- ber consumed. It was also an es sential part of the scheme that all consumers should be treated alike.

EXRESS OBJECT

The present scheme had been ex-

NEW HIGH LEVEL

SPECIAL TO CHINA MAIL,

(By Telegraph, Copyright. Telegra phie Messages Ordinance, 1894, Re-

May 2 Range May 3 Range crived May 4. 8.52 am) July....42.65 42.70 Sept. .42.83 42.00 .43.09 43.09

Dec.

Mar.

...43.54 43.54

43.00 43.05

43.34 43.35

43.75 43.85

44.20 44.20 Total sales for the day:

300 contracts of 172 contracts of 25,000 ozs. each 25.000 oza. each

Market: Steady.

RUBBER

inc. of New York:

Rubber: Commodity Exchance

May 2 Range May 3 Range! May....14.02 14.03 14.13 14.13 14.31 14.34 14.58 14.00 Standard No. 1 "B" Contract.

Exchange busitiess transacted. Loanipressly designed to avoid wide flue. July....14.22 14.25

for one year or shorter perioda and Foreign Currencles

In

Current Accounts opened in Local tuations which took place under the Sept. 14.44 14.50 Mark-pie jased Arwage amouni ». You can Currency and Fixed Deposita received: Stevenson restriction scheme, and he Total sales for the day:-

On and after August 15th, 1933, the Local rate of Interest on Special Current terms which will be quoted on appli-

at 2% pa. on dolly cation. Deposit will be balance and the rate for balance over Safe Deposit Boxes To Let $16,000 will be quoted on application.

(Maximum rate-1%).

LONDON BANKERE

Barists Book. Lád. Tiards Bank Cas MiBand Bank, Did.. Warincipaine Bank. LM.

The Bosch ler Conseponidente in all the pelospal -Jemiérain! Conire thronghen the mR

MONG KOKO_BRANOR |

I. BADERA.

15. Das Vavat Rand Content.

Hong Kong. Dotember 14, 1981.

KAN TONG PO,

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

THE

AMERICAN EXPRESS COMPANY,

INC. Read Office:-65, Broadway, New York

THE YOKOHAMA SPECIE BANK

LIMITED.

Capital Surplus Reserves

Established 1880

Capital (fully paid-up) Yen.160,000,000

Reserve Fund

.Yen.122,750,000

Head, Ofice:¬YOKOHAMA

.U.S.$5,000,000.00

BRANCHES

Пет Heidelberg

again drew attention to its provi-] sions associating customers with the International Rubber Regulation Committee.-British Wireless Ser-

vice.

TEA RESTRICTION SCHEME. East Africa Signify Agreement.

SIMILAR SUGAR PROJECT.

Nairobi, To-day." The East Africa tea planters have reached an agreement on the proposals of the International Tex Committee for the inclusion East Africa in the scheme.

1,051 contructs ~~ 926 contracts SILK.

→

Hong Kong, 4th May, 1984,

has 4uenon

ON

FOR STEEL.

Further Rise Expected. quite possibly, the present decline has about run its course, Wheat: Further moisture in the South- West, scattered

showers in the THE Undersigned have received North-West and a forecast of pro

Tinstructions to sell by Publie bable showers in all States taken the edge off the dry-weather market. Luck of deliveries keeps May position relatively Arm. Cal- 1on: There is no particular news and the market is a quiet affair. Spot houses bought, which buying. is believed to represent the liftluk of hedges against sales of actual! cotton to China. Silver: market is generally nervous, being affected by moderate ordera either

Youngstown, To-day. Steel operations here have reached 62 per cent.. the highest for the year.

It is estimuled that it will touch 64 per cent. shortly.-United Press,

per C. Gold Bar Co.

LOCAL DOLLAR

RECOVERS.

Wednesday, the 9th May, 1934, commencing at 2.30 pm.

at their Kowloon Sales Room, No. 35, Hankow Road, Kowloon

A Quantity of VALUABLE HOUSEHOLD

FURNITURE

The comprising:--

Chesterfield couch and arm- chairs, Bedsteads, Wardrobe,

Spot Silver Advances. way, interest still being show re- Dressing tables, Chest of drawers,

garding possible developments at Hatstand, Chairs, Sideboard, Din- Washington."-Reuter.

ing table, Cabinet, Bookcase, Desk, Business Done:-1,110,000 shares.

Washstand, Flower stand, Table, Last To-day's Screen, Teapoys, Ice chest, Brass Price ware, Silver ware, Tea bet, Dinner crockery, Carpets, Ruga, Linen, Mirror, Enamel bath, Shanghai bath, Ornaments, etc., etc.

The local dollar has re covered 1, opening on de- mand to-day at 1/4%. Spot silver prices advanced 1/16, closing yesterday at 184, while Air Reduction forward silver remained steady at Allied Chemical & Dyc .143 Silk: Commodity Exchange Inc, of 18 13/18.

American Can New York:

The London on New York cross American Radiator May 2 Range May 3 Range rate, which closed on Wednesday American Tel & Tel Amarican Smelting May.1.18% 1.18 1.18 1.20 at -U.S.$0.12% yesterday, closed American Tobarro “p Sept. 1.23% 1.24 1.22 1.22 at U.S.$5.12%, while the New American Waterworks Dec....1.23% 1.23% 1.21% 1.21% York on London rate yesterday Anaconda Copper Min

SUGAR.

closed at E-U.S.$5.12%,

1.. Sugar: New York Bugar & Conerpared with -U.S.45.12 Exchange:

Wednesday,

May 2 May 3,

1.48

1.49

1.58 1.53

COTTON. New York Cotton Ex-

Price

..100% 101

145

09

14%

14%

39

39%

114

70%

41%

19

10

15

13

41%

104

235

10%

#5

30%

20

Chrysler Motors

Consolidated, Gas of NY. 84%

01

as com-Auburn

On

London, Yesterday.

5,12% 5.11%

21.87

15.75/2

Bendix

Aviation Borden Co

Canadian Pacifie J. 1. Case

../Caterpillar Co

Chase National Bank

Cartian Wright........ Du Pont de Nemours Eastman Kodak..

ectric Auto-lite Co22% Electrie

Electric Band & Share

Power & Light 6'4

May July

LONDON EXCHANGES.

‚U.8.31,667,089.17

September

1,59 2.00

.U.S.$1,718,979,67

Market:-Quiet

Paris

77 18/32

New York ...

Ansarlam Antwor

Mxlow City

Oligos Karaca

- ABERD

If Amberg

Bala

Boilin

Wi Haplos

Paris Pelping

Cotton. change:

Montréal

Brussels

of

Bombay

Branches and Agencies at:

Cairo Caleksa

Alexandria

Batavia

Berlin

Bombay

Calculta

CHADE Colombe Copenhagen Dubilie Rinburgh Forme

Loc Tápi Inte

LA

Mole Care

Mwaloh Modi MOON

Baslerde Bom Bhanghal Boutpos Mag

Taormina Vienas Violes Tokukam Zurich

The sugar industry is prepared to join in a similar scheme,

Oct.

May 2 Range May 3 Range, May.10.82 10.82 restriction

10.74-10.74 July ...10.95 10.97 10.87 10.68 ..11.10 11.11 11.03 11,04

Geneva Amsterdam Milan.

Berlin

Dec.

.11.22 11.22

11.15-11.15

Jan.

.11.28 11.29

11.21.11.21

Vienna Prague

7.54 60 12.97 28

General Electric

Genoral Foods

General Motors

Gillette Safety

1224

Gold Dust

Mar. ...11.98 11.38 Middling

11.31 11.83

Spot..11.00

11.00

WHEAT. Wheat: Chicago Board of Trader

Oalo Stockholm Helsingfors Madrid Copenhagen

19.90% 19.40

228%

B7 5/16

22.89

May 2 May 3

Lisbon

·110..

May July

78%

78%

774

77/

September ....

78%

*773/2

Athens

Bucharest...

Belgrade

530 Sellers

O Elevator

··810".

Picine

GAT & Electric

225

Packard Motore

Total sales for the day:

30,000,000

burbela

20,000,000 buskals

Buenos Aires Rio

83%

Montevideo.

20%

34% *384

also

A Quantity of

BLACKWOOD FURNITURE

and

One "Oldsmobile" Touring Car

- Cylinders-5 Seater.

On View from Tuesday, the 8th

23 May, 1934,

Terms: Cash on Delivery

LAMMERT REOS,

Auctioneers,

Hong Kong, 4th May, 1984.

Nagunaki Nagoya New York Deska Parla Dairen (Dalny)

Rangoon (Fengtien (Mukden) Rio de Janeiro

Hamborg

San Francisco

Hong Kong

Honolulu

Binking

Karachi

Tobe

London

Los Angeles

Pelping

Soerabaya Sydney Tientsin Tokyo

Branches of American Expreza Corn- pany in Principal cition of United States of America and Canada.

All classes of Commercial Banking Transactions undertaken.

investment accounta

The proposals of both industries are at present under consideration at a conference of East African Governors-Reuter.

THE OVERSEAS NATIONAL

BANK LTD.

National Bank Building, BA, Dea Voour Road, Cenizal Authorised Capital..... $5,000,000,00 Fald-up Capital 1,000,000.00

New York, London and^ The Company offers to intending

Paris Agents; Travelers Che use of its "Travelers BANKERS TRUST COMPANY. A-Cheques and Letters of Credit and,We offer facilities for the transac In addition, the world-wide services tion of general banking business,

Personal handled.

Manila

Tsingtau Yingkow

Mos

fg Interest allowed on current

AMERICAN, GOLD PRICE: (WASHINGTON),

May 2 May 3 U.B. Treasury Gold

Prica, per or).$85.00 $85.00 transacted. Stacki

METAL Lokna

April 80 May 3. LEE FANG, Copper, Oct., per. lb 7.68. General Manager, Tin, Oct., per lb. 55,10

Deposits received. for: fixed periods of tix thoroughly equipped Travel DeForeign Exchand, sold.

/rates to be obtained on application.Į partment.

C. KIBHINAMI,

Hong Koog. 11th April, 1984.

Manager.

EW. DUGGAN,

Manager.

and bonda granted on

n' approved securities

7.59 53.901

Bombay

Shanghal

Hong Kong

Yokohama

Internat Harvester

10% 10% 20%

Internat Tel & Tel 5, 18%

rett & Myers "B"

Montgomery

National Biscuit

026 02%

*7

92

274 272 30% National City Bank 20%+ 20 National Dairy Products 16%

Pennsylvania Corpn.

Radie 4*20

384 1/6-3/82:

1/2

Silver Spot. 182/

· Silvery Forward! 1.si dezanyie Warloan 34% 102: 15/16

Bellars Official

British Wirašaus Servi

Sea Loobuck Socony-Vacuum Corpn Standard Brands

Standard! GRR! Slamawed: Oil, Co, nf... NA

Trans-America Union:Darbidè & Carboní

| Unión Pacific co

United Air & Transpo United Corpo

GENERAL NOTICES,

THE CANTON. INSURANCE OFFICE LTD.

NOTÍCE TO SHAREHOLDERS.

THE FIFTY-THIRD

ORDIN-

on

ARY GENERAL MEETING of Shareholders will be held at 18% the Offices of the undersigned 18% FRIDAY, the 25th May, 1984, at 18% Noon, for the purpose of receiv- hing the Report of the General 31%

18

18.

8%

8

Agenta, together with a Statement 45, [of Accounts for the year ended 1516% the 31st December, 1939,

The SHARE REGISTER and TRANSFER BOOKS will be 25% CLOSED from the 11th to the 625th May, 1934, both days inclu- 4sive.

United States Steel Wastinghouse E&M. 27

JARDINE, MATHESON & Co., Ltd,

General Agents. Hong Kong, 3rd May, 1984.