1934-05-09 — Page 6

+

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorized Cap

$68,00,000 Isovet and Tully Zaidup sem,800,000

Reserve Funda -

cm & 9,000,200. .

20.000.000

Kanaren Liability of Proprietors 20,603, DI

HEAD OFFICE, HOXOXONG,

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1859.

HEAD OFFICE: LONDON.

Paid-up Capital

Reserve Fund

£5,000,000 .£3,000,000

Reserve Elability of Pro-

prietors

£3,000,000

Hon. Mr. C,G,N. Mackle Chair more.

Alor Star

Rangoon

Amritsar

Saigon

Semarang Seremban

BOARD OF DIRECTORS.

3. P. Warina, İtma- Deputy Chairm

Han, Mr. W. . not.

A. R. Compion, Fag. W. J. Kenwick RaG. C. C. Knight, Eng

AXOY ΣΑΝΟΣΟΣ

BATAVIA IINNAT CALCUTTA ORNTOK CKYFOO QOLONDO DAINEN POOCHOW HAIPHONG HAMBURG HANKOW HARRIN

RONGEWEA

ILAILO

TOR

TOHOME

KOBY

KOWLOON

D. Miskin,Evg.

K. H, Marrison, Ex »

T. E. Pearce

V. M. Grzyburn, Eng

Chief Maunger.

BRANCHES --

LONDON

ZTOKE MALACOM MANILA

MUAR (Johore! MURDEN

.NEW YORK -PEIPING

PENANG RANGOON

RATOON

SAN FRANCISCO

KUALA LUMPUR

SHANGHAI

BINGAPORE

KOURABAYA

NONGEJ PATARI

ΤΕΠΝΤΟΙΝ

TYJETO

16INGTAO

TOKOHAMA

Agencies und Branches:

Bangkok Batavia Bombay

Calcutta Canton

pare

Illollo

Ipoh

Karachi

Klang Kobe

Kuala

Madras

Sitiawan

Sping Tientsin Tongkah

Lumpur Kuching

Manila

Medas

•

New York

(Bhuker)

Hamburg. Hankow

Peiping

Tsingtao

(Peking) Yokohama

Colombo Haiphong

Delhi

Harbin Penang Zamboanga

Hong Kong.

General

COMMERCE

AND FINANCE

THE CHINA MAIL.

PROGRAMME IN DETAIL

(Continued from page 1.)

"The meeting also explored the polley having 25 per cent, mone- tary value of the metallle reserves form of of the country in the silver."

The silver

advocates left the White House amiling and observed that if the programme worked out It would be satisfactory.

CONFERENCE NOT FINAL

Foreign Exchange and

It is emphasised that the White!

WAB House conference

not final. Banking business transacted.

Current Accounts opened and Fix More meetings will be held, which

ed Deposits received for one year or

Where the Woman Pays Taxes With Toil

WEDNESDAY, MAY 9, 1934.

Death and taxes, pay the cynici, are the only things one can be sure of. It is taxes that be- Having no money wilder Liese colourfully-attired peasant women in the Isle of Ushant, France.

they must pay their debt to the government by breaking stones for use in construction of a state highway profect

shorter periods at rates which will be is regarded as a definite indication COTTON, SILVER

quoted on application.

W. H. E. THOMAS,

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

that a final agreement was not reach-

ed between the President and the pro- silver bloc on the legislative gramme.

One member indicated that the

Carvest Sivable eased to Ford Gere THE BANK OF CANTON, LTD. group was meeting with the Trea

and Fiend Dapcali conated for ens your o

sharter periode in Toral Company and Bioeling

* terma which will be quoted on upp Kostic

Hong Kong, 13th April, 1984.

HONG KONG SAVINGS BANK.

The Bulun of the shore Bakk fa sondank a is the HONG KONG AND RUANGNAT BANKING CORPORATION.

Balac may be

101 TUI HONGKONG AND SHANGHAI BANKING CORPORATION,

7. X. GRATEN,

CharaRII.

Hong Kong, 26th February, 1984.

SAFETY FIRST !

To Safeguard Your Valuables and Jewelleries. Deport them in a Vault

that in realit: FIRE-PROOF

BURGLAR-PROOF

DAMP PROOF!

OUR SAFE DEPOSIT VAULT

Established 1912.

Head Office-Hong Kong.

Ashore Capital (U.K. Currency} ...031,100,000 Pl-Up Dept 1,045.000 Reverte Yani 7,350,000

Chabot.

BRANORMA

Theachal

sury Secretary, Mr. Henry Morgen-i thau and other Treasury officials, to-day in an effort to draft legisla tion for passage at this session of Congress.

He added that the Bill's declara- Fabre, Bangkok,tion of policy would be mandatory,

and Ras Pranleen, LONDOR BANKERF !--

The lord's Beak, Limited. CORRESPONDENT

In all weinnipal viiden of the World.

Forel Erekangs and backing boddam

ry description tested.

Sale Deposit Borse (variour alanci ́al o paarly

senal of fron B8 le 240.

LOOK POONG SHAN.

Chief Manager.

Reuter.

Prospect Of Action

This Session.

AND WHEAT Latest Quotations.

The

New York, May 9. American Oriental Fin-On New York- anee Corporation have received

following Ithe

quotations on the New York cotton and wheat. rubber, silk and silver exchanges On Paris- on the Commodity Exchanges Luc..

On demand New York:-

Credite 4 months'

sight

Closing Commodity May 8,

Silver: Commodity Exchange Inc. of New York:

NEW YORK STOCK EXCHANGE

A.O.F.C. Quotations.

New York. Yesterday. Dow Jones Averages.

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

30 Industrials 06.61 97.16 1.65 up 20 Rails...

43.70 44.57 .87 up 22.29.22.01 .02 up |20 Utilities

94.43 94.21 22 down

53.72 54.51

.70 un

OBITUARY

Late Mrs. G. Stone Laid To Rest.

FUNERAL · AT≈HAPPY VALLEY

The funeral took place at the Protestant Cemetery yesterday of the late Mrs. G. Stone, wife of Mr. P. E. F. Stone, of the Hong Kong and Whampoa Dock Co., Ltd., who died at her Kowloon residence yes- terday, at the age of 69 years.

The service was performed by the Rev. J. R. Higgs, Vicar of St. An- drew's Church.

The chief mourners

were:-MT.

W. F. Stone (son) and Mrs. Stone (daughter-in-law) and Miss

N

Stone (daughter). Others present included Messrs. R. G. Craig, J. Re- vie, J. Proven, D. Keith, W, Ford, R. Lapaley, B. H. Church, J. G. Ozorio, V. M. Hast, W. Hedley, R. E. Hoare, and R. J. Goodman.

In addition to those from the family, flowers were sent by "Fred-

die", "Bill and Marge," "Mother and

The Twins," "Ret," Dr. and Mrs. Balen. Mr. and Mrs. M. R. Bell, Mrs. Capell and family, Mr. and Mrs. N. H. Church, Mr. and Mrs. E. Coek, Mr. and Mrs. W. Ford, Mrs, and Miss Harris-Gill, Mr. and Mrs. R. J. Goodman. Mr. and Mrs. V. M. Grayburn, Mr. and Mrs. V. M. last, Mr. and Mrs. G. Henderson, Mr. and Mrs. Hedley, Mr. and Mrs. L. N. Meaars. E. A. Pierce & Co. Re-Murphy, Mr. and Mrs. N. L. H. port:-"It is hard to say whether Railton, Mr. and Mrs. W. J. Rattey the market rallied because of the and Mary, Mr. and Mrs. J. M. V. reported agreement on silver legis-Remedios, Mr. and Mrs. W. Ritchie, lation or because the volume of Miss D. Sawyer, Dr. and Mrs. J. T. selling this morning was consider-Smalley, Mr. and Mrs. Stonehman, ably less than had been anticipated. Mr. and Mrs. C. J. Triggs, Music There may be another test to-mor-Pupils of the Diocesan Girls' School, row, if resistance is present at above Staff of the Diocesan Girls' School, Hong Kong and the low levels of yesterday, and we Typists of the

fair comeback Whampoa Dock Co., Ltd. and Euro- might get a very Whent: Scattered showers over part pean Staff of the Hong Kong and of the grain belt caused an easier Whampoa Dock Co., Ltd. opening. Official reports, however, showed that the rain-fall was insufl- cient the market rallying following Cot- Minneapolis and Winnipeg. ton: Europe and the Far East bought and there was also a notice-! able improvement in speculative buying. Silver: Developments · had la bullish, effect on sentiment, the 1market opening quiet and frregular, |awaiting the outcome of the Confer»!

EXCHANGES.

TO-DAY'S QUOTATIONS.

On London-

T. T.

1/5

On demand

1/5

NEW YORK COMMODITY MARKETS

Four months' sight 1/6% Credits 4 months'

sight

1/5%

On demand

36

20 Ponds

Credits 60 daya'

sight

Commodity

37%

Index ....

Price ob

5472

587

SILVER

On India-

On T.T. and demand 94% [On Shanghai-

On demand

1102

45.70 45.90 45.85 45.90 46.32 46.32

Оп Јарап:-

On demand ... Un Manila-

119%

On demand

72

25.000 ozs. each

On demand

6034

Market:-Strong.

On Batavia-

On demand ....

$3

On Saigon-

On demand

544

On Bangkok-

Sept....15.60 15.69

15.22 15.28 18.59 16.56

LOCAL DOLLAR IMPROVES.

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

SILK.

On demand Bovereigns bank buy-

1/55% ing rate Bar Silver per oz.... 19% Bar Silver in Hong

Kong

130%

ZOM.

nom.

Copper Cents

1% prem

SPECIAL TO CHINA MAIL. (By_Telegraph, Copyright, Telegra

May 7 Range May 8 Range ....43.92 43.07 45.50 45.65 Sept....44.19 44.19 Dec.....44.65 44.55

THE BANK OF EAST ASIA, LTD.phic Messages Ordinance, 1864, Re-July

ceived May 9, 1.38 a.m.)

Authorised Capital

.... $10,000,000.00 Paid-up Capital .... $5.598.600.00 Reserve and Undivided

Produs

Washington, To-day.

President Roosevelt and Senator Mar....45.00 45.00 Robinson, the Democratic Senate Total sales for the day:

$2,454,000.00 leader, yesterday conferred on sil-298 contracts of 418 contracts of On Singapors~~

ver at the White House after 25,000 ozs, each

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

BOARD OF DIRECTORS:- gir Shouson Chow, Chairman.

which Senator Robinson said that

is of

RUBBER.. Rubber: Commodity Exchange

he understood that legislation being drafted with prospects located on the Mezzanine Floor of Li Roon Chun, Esq. P. K. Kwok, Esq. consideration at the present ses- Inc. of New York: Our New building is Specially Con Wang Yan Tong. Esq. Chan Ching gion of Congress.United Press, structed to provide all of these Im-Shek, Esq. Li Lan Sang. Esq. Wong per S.C. Gold Bar Co. portant Qualities.

Safe Denorit Box in this most up-to-date Vault) for your own use at a very moder- ate Rental

You may obtain a

Inspection Cordially Invited.

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

Kan Tone Po, Esq. Chief Manager,

Li Tae Fong, Esq., Manager.

BRANCHES AND AGENCIES---

THE NATIONAL COMMERCIAL Amoy

& SAVINGS BANK, LTD. Corner of Ice House Hireet and Des Voeux Road, Central.

THE BANK OF TAIWAN, LTD.

·(TAIWAN GINKO.),

HEAD OFFICE:-Taipeh, Formoss Incorporated by Special Imperial Charter, 1899.

Central Beak in Formos

Batavia Bombay

Seattle Remarang Shanghai Singapore

Calcutta Canton

Mande Melbourne Nagasaki New York

Haiphong

Croks Pers

Snurabaya Swatow

Peiping Syndey

Tathoku

Tientsin

Bankow Honolula Penang Kobe

Ringood

Kowloon Raigan London

San Felico

Tokyo

Vancouver Yokohama

Every description of Banking and

Silver Prices Advance.

The local dollar has advan- ced opening on demand to- day at 1/5.

Both spot and forward silver að- vanced 1/16, closing at 19% and |19 3/16, respectively.

The London on New York cross rate, which closed on Monday at Exchange business transacted. Loans US$5.11%, closed yesterday at granted an approved securities,

Current Accounts opened in Local US.$5.10%, while the New York Bass-Fosse lasted Arores mogul Tea. 4. Currency and Fixed Deposits received on London rate closed yesterday at On and after August 15th, 1933, the for one year or shorter periods in £-U.S.$5.12%, as compared with

Local and Forelem Currencies rate of Interest on Special Current, Deposit will be at 2% p.a. on daily which will be quoted on appli- balance and the rate for balance over cation. $10,000 will be quoted an application. (Maximum rate-114).

LONDON BANKERS,

Barplays Bank, Lada, Láøydı Bash, Tai, Midland Boak, Lid, Warkalorier Bank, Ltd.

The Bob hac Corsopvaleria le all the pelampal Jummarnial Content throughout the watë.

2018 KONU BRANCH:

X. XAQURA,

4. Dan Faux Book Contral

· Bone "Lang, Dorother M; 1901.-------

Излари

THE

* £-U.S.$5.10% on Monday.

National Bank Building,

BA, Dos Voeux Road, Central.

May

May 7 Range May 8 Range ....15.23 15.23

July....15.39 15.40

16.06 15.06

3,002 contracts-1,005 contracts

Slik: Commodity Exchange Inc, of Copper Cash New York:

1.22

May 7 Range May 8 Range Rate of Native Interest 8% p.a. May....1.20 - 1.23

1.24 Chinese Sub, Coin.... 32% dis. Sept. ..1.24 1.29 125% 125 Hong Kong Sub. Cola par, Dec.....1.24 1.24 1.25% 1.26 SUGAR. Sugar: New York Sugar & Coffee Exchange:

1

May 7 May 8.

1.55 1,55

LONDON EXCHANGES.

11.63 11.65

11.75 11.77

11.80 11.80

Oale Vienna

ence.

OLD PORTUGUESE RESIDENT PASSES.

Death Of Mrs. A. F. J. Soares.

The death occurred yesterday of

After the report on the Con-Mrs. A. F. J. Soares, widow of the ference, buying became general on late Mr. A. F. J. Soares, who was all options, Senator Thomas has a property broker and a plancer la announced that an agreentent, in the development of Kowloon some principle, has been reached between 30 year ago.

Mrs. Soares, who was 77 years the President and the Senate Silver Group and added that legislation of age, is survived by a son, Mr. well-known would be drafted on Wednesday by A. M. L. Soares, the

the Group co-operating with a merchant and race pony owner and special adviser from the Treasury, a daughter, Mrs. J. M. Alves. He stated that the principle agreed

The funeral will take place this

upon was that all domestle silver be afternoon passing the Monument, nationalized at a price not to exceed Happy Valley, at 6.30 p.m.

fifty cents and that the Treasury

would continue to buy newly-mined silver at 64 cents.-Reuter.

Business Done-1,860,000 shares.

PROTECTION OF CHILDREN.

MR. COOPER SPEAKS AT- ROTARY TIFFEN -

London, Yesterday.

Мау

Paris

July

1.58 1,58

New York

77 9/32 6.11 13%

September

1.65 1.65

Montreal

Market:-Firm.

Brussela

5.09 21.85

Last To-day's

COTTON.

Cotton New York Cotton Ex- change:

Geneva Amsterdam

15.74/2

Price Pric

7.53%

Air Reduction

D8

19

Safe Deposit Boxes To Let.

KAN TONG PO,

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

May 7 Range May 8 Range)

THE OVERSEAS NATIONAL BANK, LTD.

May

...11.20 11.20

11.85 11.35

July

..11,32 11.33

11.48 11.49

Berlin Milan Stockholm Copenhagen

12.94 60

Allied Chemical & Dye .142

140

American Can

0814

Work Of Society In Hong Kong Reviewed.

19.40

American Radiator

13%2

14%

22.892

American Smelting .... 88

4144

Oct,

.11.48 11.49

19.302

American Tel. & Tel. 100% American Tobacco """"

111%

Dec.

. 11:59 11.60

70%

71%

28

Jan.

.11.67 11.68

Mar. ...11.78 11.78

11.90.11.97

Prague Helsingfors

122%

Waterworks 17% Copper Mining 14%

18

15

226/4

Auburn

11.65

Madrid

37 5/16.

Borden

Bendix Aviation

364%

2314

WHEAT

Lisbon

110

Canadian Pacific

18

23 18%

Athens

580 Sellers

B4%

57

May 7 May 8.

Bucharest

510

284

28+

84% 82% 84

85%

Belgrade

225

4214

Rio

4*

8434

Buenos Aires

364

送

Shanghai

1/8/

40,000,000 bushels

Bombay

1/6 3/32

Hong Kong

1/5

Yokohama

1/2

Silver Spot

AMERICAN EXPRESS COMPANY, INC.

Head Office: 65, Broadway, New York.

THE YOKOHAMA SPECIE BANK Capital

LIMITED.

Established 1888

Capital (fully paid-up) Yen,100,000,000 Reserve Fund

.U.S.$8,000,000,00 .U).S.31,867,089.17 ..U.8.$1,718,979.67

Authorized Capital $5,000,000,00| Middling Paid-up Capital ........... 1,000,000.00 Spot 11.45.

New York, London and

Wheat: Chicago Board of Trade:

May

July

Loani

Paris Agents; BANKERS TRUST COMPANY. We offer facilities for the transac» tion of general banking business. Foreign Exchange transacted. Stacks and bonds bought and sold. granted on approved securities.

LEE FANG, General Manager.

September.... 8814

Total sales for the day:-

20,000,000

buahela

AMERICAN GOLD PRICE:

(WASHINGTON).

Burples Reserves

Ametodam Anyway

.Yen.122,750,000

Athens Альова

Bo Вемония Bromela

Dolombia Cannes Galombe Copenhage Babka Wiinburgh Parvin Desva

BRANCHES 1----

Chance Glasgow

Hamburg RAVI tildelberg

Jormaalom

Myles City Mi Maples

PA

Purse Palping

THE MERCANTILE BANK OF INDIA, LTD.

U.S. Treasury Gold

Labor

Marmatiei

Head Office:-YOKOHAMA

Branches and Agencies at:

Alexandria Batavia Berlin Bombay

Calcutta

-

(Dalny)

Nagasaid Nagoya

New York Oraka

Peiping Rangoon

Sekden's Rio de Jensiro

Hamburg

Bankow

Beauti..

Harbin

Horr Kone

Herafulu

Hainking Karacal Kobe

London

Los Angeles Manila

Ban Francisco Bestila Bernerang Shanghai Singapore Boerabaya

Sydney

Tientsin

Monte Carl

Southamptod

Blagos Textile Taormina

Vandag

இத

་

HEAD OFFICE)

18, Ommelwech Barsen, Konkan, BOM

Authorised Capital ....£1,000,000

Bubscribed Capital".

..... 1,800,000 Paid-up Capital 1,050,000 Reserve Fund & Rest. 1,240,785 SAFERRE G

Branches of American Express Com- The Bond at Hagisel à Midland Bank, Tada! pany in Principal cities of United States of America and Canada.

HRAMOTORS I

Bank

Ipok

New York

Delucia

All classes of Commercial Banking Transactions undertaken.

Kota Bharu

(Maorislar)

Personal investment, accounta handled.

Kunnian (Falung). Simia

Binangon

...

Madra

HONG KONG BRANCOL

Tokyo Tsingtau

Hypy komiplan of Banking and Brabangs bed Yingkow

The Company offers to intending

Trustee and Exsentorship under Interest allowed on current A. Travelers the use of its "Travalera

Obecner"" and Letters of Credit and, silama

addition, the world-wide servicns Taposits received for sized periods of the thoroughly equipped Trave) Deky hd

expnta.

G. KIBEINAMI, DA

Hong Kong 11th April, 1934.

Manager.

partmant

W. W. DUGGAN,

Manager.

7. B. ROSS,

1, Queen's Hand Contest.

Hong Kong, End: May, 1988.

May 7. May 8,

Prics, per ... #85.00 £35,00

HK. SHAREBROKERS'

ASSOCIATION.

Stock Report.

Forward".

19:3/16

19%

103

• Bellers Official

War Loan 82%

L. CARE

Caterpillar Com

Chase National Bank

Chrysler Motors

Consolidated Gas of N.Y. 324

Curtiss Wright....

Du Pont de Nemours,

Eastman Kodak ..

874 864

PICK DOW & Light 5

In the course of an interesting 87% lecture at the Rotary Tiffin at the 15% Hong Kong Hotel yesterday, Mr. M. LA. Cooper, an honorary Director of of the Society for the Protection 2814 Children, dealt with the work of the 28% Society in Hong Kong and the diffi- 48% culties with which it had to contend. 8314

He said that overcrowding would

*

87% continue just as long as the indus- 87% trial and commercial organisations 21% of this part of the world relied on 14 the use of a high proportion of un-.

skilled and low paid labour.

Electric. Auto-lite Cof 20%4 Electric Bond & Share. 14%

20%

38434

General

General

Electric

Foods General Motors

Gillette Safety

Gold Dust

British Wireless Service Internat, Harvester

JUDGMENT FOR

· STENOGRAPHER.

Claim For Wages Upheld

Internat. Tel & Tel

Liggets & Myers "B" Loww's Ino.

Montgomery Ward

National Blacult National City Bank National Dairy Prod."

Elevator

Pacific Gas & Electric Packard Motors

Pennsylvania Ely.

The following. report was issued Judgment for the plaintif was Radio Corpn......

Sears Roebuck

10%

10%

8614

02

21

Rotarian T. B; Wilson presided and guests, welcomed were Rotarians 10% Boffa, Henri Sechaeud, of Montreux, 2014 Switzerland, Dr. J. MacWillis," of [Califórnia; Mr. A. S. Mitchell, Met- 11402

124

bourne, Mr, S. Yamamoto, B. V. 81% 82% Boxer, W. J. Heirtjes, London.

26 26% Rotarian J. Morris was welcomed 30%

back from leave. 28% 28% 16% 15% 1454 1574

19

2514

174 1

4%

30% 82

428 - 44% 1814 167

15

**

19

20%

10

24% 2014 -6%

64

by the Hong Kong Sharebrokers given by Mr. Justice Jacks in the Bacony-Vacuum Corpn.

case in which Charles Chan, trading Blandard - Branda | Association yesterday afternoon:

Banks $1888 b. Onderwriters As the International Employment Blandard Gar $1.10 b.; H. E. Fires #286 Douglas Agency, Whiteaway, Laidlaw Build- Standard Oil Co. of N.J. 427

Техая Corpn. $86% b. Vens Goldfields $6.80 biting, Des Vœux Road Central, was Trana-America Ewas $10,95 b.: Wharves $99 bro-sued at the Supreme Court yester-Union Carbide & Carbon 40% 41% videnta (old) Los b. Dock $16.20 by by his former stenographer, Union Pacific prosz1251 6181% by Tranos 821.10 (015) 19/15 Electries 125th Mrs. A. Lee, for 157, representing United Alir & Transport 20

as Telephones(old) 328.00 by salary alleged to be due to the plain United Corp.

534 Cementa $2.10 by Constructions (old) in from February 10 to Avril 2 of Westinghouse. E. & M. 13% 25/

44% 45% United States Steel ... $1.90 h. Constructions (new) 70 etaj this year,

BID Gold Bonds / #87%-'

20%

,

THE

CANADA SHOE CO.

18, D'Agullar St.-cor. Wallligton St.

High Grads Footwear for D LADIES and GENTLEMEN "A large assortment in stock also Shoes made to order, PROMENADE SHOES-

HIDING BOOTS and LEGGINGS.

- DRESS SHOESSEN,

Tel. 38723