1934-05-26 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION,

Authorlaid Csptial

Issued and Fully Pull-up som

Koserve Fundi

Nivat

$80,000,000 30.090.000

26,100,000 $10,000,00

Remove Limbifiny, of Propriador | #90,015,59

HEAD OFFICE: BONGEGNO.

WARD OF DIRECTORES

11986. Mr, 404.8. Mackle

Chalomas.

8. 1. Dobell, king. Deputy Chairman.

Hon. Mr. W. El, Arll. A. H. Compton, Esq.

W.d. Restick Bag. C. C. Kaight, Een.

1. Mk.12.

K. B. Morrison, Karj.

T. B. Pearce

W. M. Grazbero, Xaq.

.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1883.

READ OFFICH: LONDON.

Agencies and Branches:

Paid-up Capital

*serve Fund

£8,000,000 £3,000,000

Meserye Liability of Pro-

prietors

£3,000,000

Alor Star

Illoflo

Rangoon

Amritsar

Ipoh

Bombay Canton

Bangkok Batavia

Karachi

Klang

Kobe

Calcutta Kuala

Campore.....

Lumpur Kuching

Saigon Semarang Seremban

Shanghai

Sitiawan,

Singapore

Madras

Sourabaya Taining

BRANCHES pa

Colonibo Delhi

Manila

Tientsin

Medan

Tongkah

ANAY

Haiphong

New York

(Bhuker)

BANGKOK

Ramberg

Pelping

Tsingtao

BATAVIA

Hankow

(Peking) Yokohama

BOMBAT

Harbin

Penang

Hong Kong

CALCUTTA

CANTON CHEPOO COLONDO DAIREN FOOCHOW

TAITHONG

HAMBURG BANKOW HARBIN HOKOLWI

ILOILO

ITOK

JOHONE

KOBE

BOWLOON

LONDON LIONS

MALACCA MANILA

MUAR (chors!

MUKDEN

NEW YORK

FELFING

TENANO TANDOOR

RAN FRANCISCI

BAIGON

KUALA LUNTUR

KHANH |

KINGAPORE

BOURSBATA

KUNGEI PATAMI

TENTOIN

TOKYO

161 NOTA0

TOKOHAMA

THE CHINA MAIL.

Commerce and Finance..

Assurance International

Company Limited

Favourable Results In All Branches Of Operations

$415,611 NET GAIN FOR 1933

The Third Annual General, have been increased from $363, Zamboanga Meeting of the International As- 623.27 to $394,326.14.

"The following is a comparison surance Company Limited was Foreign Exchange and General

held in the Company's Offices, 17 of the underwriting profits from Banking business transacted.

Current Accounts opened and Fix. The Bund. Shanghai, on Friday, the various accounts for 1932 and ed Deposits received for one year or May 18, at 4.30 p.m. Mr. F. R-1933 :... shorter periods at rates which will be quoted on application.

W. H E. THOMAS,

Acting Manager.

Hong Kong, 20th February, 1984,

Smith presided and was support.

"The profit from the

Fire ed by Messrs. C. V. Starre, R. Revenue Account in 1932 amounted | Bunchan, R. Calder-Marshall, R. to $67.86. The profit for 1933 was F. C. Master, F. Sigaut and A. J. $67.114.23.

Welch Directors) J. Middleton- "The Marine profit for 1932. was Smithting Secretary) and $19,135.34. The profit in 1935 was

81,941 Shar

Current Amounts opazed is to Quem THE BANK OF CANTON, LTD. Shareholders representing in all $27,234.60.

aat Pixad Depalle died for an

shorter periods in Local Company and her{{ng

se sarma which will be quoted on arpilosion. Hong Kong, 13th April, 1934.

HONG KONG SAVINGS BANK.

The Barison of the shore Back is adapt d by the HONG KONG AND SHANGBAI BANKING CORPORATION, also may be reland pe application.

FOR THE BONGKONG AND INANONAL BANKING CORPORATION.

T. M. GRATBUMN,

Ole Manage.

Bong Kong, 26th February, 1986.

SAFETY FIRST 1.

To Safeguard Your_Valuables--

and Jewelleries, Deposit them in Vault

that is really:

FIRE PROOF

BURGLAR-PROOF

DAMP PROOF!

OUR SAFE DEPOSIT VAULT

Established 1912.

Head Office:-Hong Kong.

Anthorised Capital (B.X. Currency)011, PADE-UP Opel

keroes Fund 3,160,000

NHANCE 1

Csatos, ikhanghai,

and Ban Fran,

LONDON BANKAREE 2-

The Lizyk's Back, Limited.

CORRESPONDENTS

In all principal sitian of the World,

"The Accident account in 1932; The Chairman addressed:

yielded a profit of only $2,171.00, "Although the year 1933 was The net profit from the accident marked by depression affecting account in 1933 was $25,692.78.

Huge Increase In Profits general trade in the Orient and elsewhere, and the insurance busi- "Thus, from the three branches ness was no exception, all branches which can be balanced off yearly, Beagle of our Company's opérations show-(as distinguished from the life!

ed favourable results, with con-operations, which are more defer- tinued conservative growth! The red), the profits for 1933 total year 1933 was not a suitable one $120,041.56 as against $21,374.17 in in which to seek a large increase |1932. This result BAS been

Foreign Bashangs and banking bastades es

* siphon acad

bale spoilt Boxen (various sides) gì à pračky sgabel of "ham Bồ án fák,

LOOK POONG. SHAN.

Chief Manager.

the

in premium income and most in-obtained after setting up full re- surance companies have reported [serves for unexpired liability and decreases during

period. all other contingencies, Forced growth during such a time. "THE LIFE INSURANCE de- THE BANK OF EAST ASIA, LTD. might lead to increased loss ratios.jpartment has made good progress. "The following comparative At this early stage of the work Authorised Capital $10,000,000.00) figures for the fire, marine and such progress is not reflected in Paid-up Capital ...... $ 5,599,600.00 accident accounts in 1932 and 1933 yearly profits" as in the case in the Reservo and Undivided

indicate the progress in those de-fother departments, but rather by Profila

$2,434,000.00

the accumulation of insurance in partments:

of HEAD OFFICE:-HONG KONG

force which will be a source 12, Don Voeux Boad Central

profitable renewal. premiums in future years, free of all the acquisi- first Lion cost which marks the policy year. In other words, future profits of this department; will come from the foundation row being laid.

BOARD OF DIRECTORS:— Sir Shouson Chow, Chairman.

Li Koon, Chun, Esq. P. K. Kwok, Esq.

located on the Mezzanine Floor of Wong Yun Tong, Esq. Chan Ching! Our New building is Specially Con-Stick, Esq: Li Lan Sang, Esq. WODE structed to provide all of these Im Cha Son, Esq. and Kan Ying Po, Esq. portant Qualities.

Safe Deposit;

You may obtain a Box in this most up-to-date

Vault for your own use at a very moder-

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

Semarang

ate Rental

BRANCHES AND AGENCIES

Inspection Cordially Invited.

Amoy

Manila

Seattle

THE NATIONAL COMMERCIAL

Batavia

& SAVINGS BANK, LTD.

Bombay

Melbourne Nagasaki

Shanghai

Calcutta

New York

Singapore

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

Canton

Osaka

Sourabaya

Haiphong

Parla

Swatow

Hankow

Paiping Syndey

Fionolulu Lobe Kowloon London

Penang Taikoku

Rangoon Tientala Saigon Tokyo

THE BANK OF TAIWAN, LTD. - (TAIWAN GINKO.), HEAD OFFICE:-Taipeh, Formos Incorporated by Special Imperial Charter, 1899.

Yokohama

1332

Total Premiums

written Net Pre-

miums

Net Lostes

1933

$1,910,000.30 $2,100,303.01

Я54,708.05 805,180.

incurred for

LOCAL SHARES.

TO-DAY'S QUOTATIONS.

The following is the list of local ahare quotations issued to-day:

Banks.

+

H.K. Bank, $1,860 b.

H.K. Bank (London), £1811⁄4". Chartered Bank $16. Mercantile Bank, A. & B. £28 Mercantile Bank C, SIG n. Bank of East Asia, $93 s. Am: 0. Finance Corp., Sh. $20 China O. Fin. Ord., Sh: 84 m. China O. Fin. Pref. Sh. $5 a.

Insurances.

Canton Ins. $310 m. Union Ins., $6824 sa.

8. "

China Underwriters, $1% China Fire Ins., 3510 b. ex div. H.K. Fire Ins., $250 . International Asace, $6 n

Shipping.

Douglas, $41 n. H.K. Steamboats, $9 n. Indo-Chinas (Prof.), $30 m. Indo-Chinas (Def.), $33 n. Shells (Bearer), 60/711⁄2 n. Union Waterboats, $11.30 n.

Mining.

Antamoks, 68 cts. n. Balatocs, $33 D. Baguio Gold, 37 cts., n. Benguets, $321⁄4 n.

Benguet Exploration, 20 cts. n. Benguet Goldfield, 20 cts. n. Big Wedge, 12 cts., n. Gold Creek, $31⁄2 1.

Ipo Mining, $4 n. Itogons, $7 n.

Kailan, 23/3 n.

n.

SATURDAY, MAY 26, 1934,

"SHARE MARKET.

Weekly Reports by Brokers

Hong Kong, May 25.,“

CHURCHESE

FIRST CHURCH OF CHRIST, SCIENTIST.

Mr. G. A Harriman's weekly (Branch of The Mother Church, share report and market review The First Church of Christ, Belan=" Emined at noon states:-

List, in Boston, Mass., USA.J

Macdonnell Road, Below Bowen Road Tram Station.

The market was inclined to be more active during the past week | but very little was of a speculative, n. character the main turnover being Sunday Service 11.15 4.m.

in the investment section where Subject: SOUL AND BODY. rates were very well maintained The Sunday school is held on and in few instances ruled firmer. Sunday Morning at 10 o'clock Hong Kong Electrics were marked Wednesday Evening Meeting at 8 up with business done at $73.75/- p.m. Reading Room at above ad- 74.00.

Hong Kong Lands at $62, dress open Tuesday and Friday, 10 and Telephonce- at $25.25/25.40. jam, to 12 noon. Monday and Hong Kong Trams were steady Thursday, 5.30 to 7 p.m. The with shares changing handa at Public is cordially invited to at- |$21.20/21.30 and Wharyes attend the service and visit the

$1042/105. Sterling countera Reading Room. were more or less unchanged with

Langkats (Single) Sh. $181⁄2 0. S'hai Explorations, Sh. $4.80 22. S'hai Loans, $53⁄4 n. Raubs, $15 b. Venx: Goldfield, $7 n.

Docks, etc.

·

H.K. Wharves, $105 sa. H.K. Docks, $15 n.

S. China Motorn A, 32 n.

S. China Motors B., 8 n. Providenta (Old), $1.85 b., $1.50

xå.

Providents (new), 75 cls. n. Hongkews, Sh, $350 n. New Engineerings, Sh. $5.20 . Shanghai Docks, Sh. $133 n.

Cotton Mills.

Ewo Cottons, Sh. $10.80 b. S'hai Coltons (old), Sh. $76 n. S'hai Cottons (new), Sh. $43 m. Zoong Sings, Sh. $13% n. Wing On Textiles, Sh. $60.

Lands, Hotels, etc.

H. and S. Hotels, $6.10 n. I.K. Lands, $61n.

ASSOCIATION.

Stock Report.

Hong Kong Banks in demand at H.K. SHAREBROKERS' $1860 and Unions at $578 ex divi- ded. The main feature of the week, among the minor issues, was the demand for Cements which sent the price up to $2.64 at the close. Hotels were steady at

The following report was issued $6.00 after a quantity of business by the Hong Kong Sharebrokers' had been put through at $6.10. Association yesterday afternoon: China Lights opened steady with Unions $575 XD b buyers at $9., but eased off slight Antamoks 69 cts. b.

ly towards the close with sellers Eaubs $15.

at $8.95 and business done at $8.85. Hotels #6.05 .: $6 xa.

Providents (old) $1.85. s. Entertainment were done at $7.50. Providents (old) were dealt in at Lights (old) 48.80 b.; $8.96 s.: $8.85.

Trams

$21.6.; $21.20 s. $1.90 with further small parcels Electrics $74 s.: $73% offering at this figure. Underwri-Telephones (old) $25% s |ters were' a shade easier with buai-Cements $2.70 6.

Entertainments $71 b. ness reported at $14. The tone Constructions (old) $1.70 b.; $1.80 a. of the market at the close is quiet. Lane Crawfords $4.

Business during the week has Gold Bonds $841⁄2 16 b. been done at the following prices:

Wharves $1041⁄2/105.-

Hong Kong Electrics $784/74) Macao Electrics $24. Hong Kong Trams $21.20/21.30. Telephones (old) $25.40, Hong Kong Lande $62.---- Dairy Farms $26.50. China Light (old) $3.55. Hong Kong Hotels $6.10. Entertainments $7.50. Cementa $2.45/2.65. Constructions (old) $1.80. Antamoks 70 cts.

SHANGHAI RUBBER

SHARES

Latest Quotations.

Messrs. Carroll Bros., have just

Treceived

the following · cabled quotations of Shanghai rubber

shares.

Anglo Javas

Anglo Dutch Chemorag

The Official Summary of the Consolidateds Hong Kong Stock Exchange issued Java Consolidateds yesterday at 3.15 p.m.

Kroewoeks

The regularity of prices in the Tanah Merahs past week was in a scnse rather Tebongs unusual, because it seldom happene Ziangbes

Metropolitan Lands, Sh. $14 .. that throughout a whole wosk Ewa Coltons

S'hai Lands, Sh. $25 n;

Humphreys, $11.20 n.

S

II.K. Realifes. $5.10 n.

or

the Company's account 418,685,25 422,213.25 "FIRE insurance premiums for the year 1933 were $1,098,922.60,

"NEW LIFE INSURANCE issued of which $743,559.23 was reinsured, in 1933 totalled $5,396,870.60. leaving net premiume of $356, compared with $2.400,799.00,

Net losses incurred were $3,357,760, in 1932, and the life in- surance in force, after deducting |$120,450,08, commissions paid

cancellations, lapses and claims, $68,571.31, and departmental Ex-

increased from $3,515,076.90 o penses $51,301.75.

|$8,027,730.

363.37.

$308,183 Marine Premiums

"The life insurance reserves "MARINE premiums were $308,- have been increased

from $27.- 183.29, of which $164,197.01 was 493.83 Lo $03,055.03 and

your reinsured, leaving net premiums of Directors recommend that these San Felsco Vancouver $113,986,28. Net losses incurred reserves be further strengthened were $89,655.73, commlesions paid by an appropriation of $50,000 Every description of Banking and $17,872.14, and departmental ex-from the profit of this year. This Exchange business transacted. Loans granted

penses $21,600.18,

values will make our surrender Approved securillos. Current Accounts opened in Local "ACCIDENT

were and net cost of insurance competi Best-Holms lessed Arsenge amorti Yan. 6.06.00 Currency and Fixed Deposita received $753,287.12, of which $367,449.97 tive with any company in the field.

On and after August 15th, 1933, the for one year or shorter perioda in was reinsured, leaving nct

Special Current Local and Foreign Currencies

Central Bank in Porrnove

rate of Interest on

Deposit will be at 2% pa. on daily arms which will be quoted on appli- balance and the rate for balance overcation. $10,000 will be quoted on application. (Maximum rate--1%).

LONDON BAKEDES:

Barnlays Back, Lobby Lloyds Bank, 149. Midland Basi, Kolej Marinoter Back, LaL

The Bank har Correaprašasis in all the prizerpać Jamal vores sarungberi she world.

ZONG KONG BRANCH (

X. MAGURA

1. Die Yaux Bool Contesă

Img Kong, Eventsbar 26. 100),

Manager

THE YOKOHAMA SPECIE BANK

LIMITED.

Safe Deposit Boxes To Let.

KAN TONG PO,

Chief Manager. Hong Kong. lat March, 1984.

THE

premiums

premiums of $395,837.15. Net

Investments

(Continued on Page 7.)

"The income for the year from losses incurred were $212,101.44, interest and dividends was $242, commissions paid $113,413.02, and] departmental expenses $23,223.24.

"The average ratio of losses. in- curred to premiums earned in the three departmenta' was 60.01%.

"Both commissions and depart- |mental expenses were held to low!

AMERICAN EXPRESS COMPANY,[figures, being 22.99% and 10.78%.

INC.

Head Ofce:65, Broadway, New York.

Capital. Surplus Reserves

Amordaz

U.S.$8,000,000.00

U.S.$1,887,085.17 U.S.11,718,979.87

BRANCHES:-

Bazos

13 Low HATENG Hamborg ESATTE Heidelberg Interlak

Maleon City 2100 Naple

Pireva

Parta Peipt. Part Bosterdam 2 Ecc Shanghel Bouthacrylen

Established 1880.

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

Ashane Astan

Yen.122,750,000

Hania

Head Office:-YOKOHAMA

Bombay

Broman

Brands

Lon.Son

Caire

Calivita

Alexandria

Batavia

Nagasaki Nagoya

С

Berlin

Bombay

New York Osska

Calcutta

Paria

Gogoang ไฟไ E4leburgh. Poros

Monte Carle

*

Taormin

Ties Do

Canton

Pelping

Порт

Mach Moorest MDAN

Tauson

Dairen (Dalny)

Rangoon

Hankow

San Francisco Seattle

respectively, of the premiums written. Unapportioned and [organization, expenses have been moderate for this alage of the Company's development. Sách (low ́expenses are possible because General Management is paid for chiefly by commission on the net profit.

"UNDERWRITING

EXCHANGES.

.TO-DAY'S QUOTATIONS. On London-

'T. T.

Asia Realties "A", Sh. $140 n. Asia Realties "B", Sh, $20 n. Chinese Estates, $80 n. China Realties, Sh. $15% n. China Debenture, Sh. $137 n.

Public Utilities. H.K. Tramways $21.10 b.,

KA.

hardly any fluctuations do *not take place in the active stocks,] specially when quite a fair amount of business was put through in Hotels, Lands, Trams, Star Ferries, China Lights, Electrica, Tele-'

phones and Cements, and all clos- ing practically unchanged as com- #21.20|pared with the beginning of the

Peak Trama (old), $15.90 n. Peak Trams. (new), $7_n... Star Ferries, $100 n. Yaumati Ferries, $22 n.

C. Lights (old), $8.90 b. C. Lights (new), $834 n. H.K. Electrics, $75% b. Macho Electrics, $25 }. Sandakan Lights, $8.n. Telephones (old), $25:15 b., $251⁄4

SA.

Telephones (new), $12.45 n. Chine Buses Sh. $13.20. S'pore Tractions, 5/- n. Singapore Pref., 16/101⁄2 a.

Industrials.

Malabon Sugars, $121⁄2 n. Cald: Macg. (ord), Sh. $21 n. Cald: Macg. (Pref.), 8h.$19. Canton Ices, $2.80 n.

Cements, 2.70 h.

Stores, etc.

Watsons, $6 n.

On demand

1/4% 1/4

Four months' sight 1/5 Credits 4. months'

aight On New York- On demand

1/5

H.K. Ropes, $572 3..

85%

Dairy Farms, $261⁄2 n.

Credits 60 days!

aight

37%

Der. A; Wings, $1 n.

On Paris-

On demand

540

RESERVES

Credits 4 months*.

sight

880

On T.T, and demand 98%

On Shanghai-

On demand

110%

On Japan:

'On demand.

1184

Va Manila---'

THE MERCANTILE BANK OF On India

period under review. The one ex- ception that may be mentioned are perhaps. Cements, which were # shade better as compared with last week.

Generally, the

Lands $62, $61

$ cts.

8.25

4.50

.60

3.00

1.50

.47%

1.69

*7.50% 11.25

Tramways $21-30, $211⁄4, $21.30,

$21.20

Star Ferries $100, $1011⁄2 China Lights (Old) $9, 38.05, 39 Electrics $73

Macao Electriles $24

Telephones (Old) $25, $25.40 Cementa $24'

Dairy Farmis $26%

Constructions (Old)-$1.80,–$1,85- Antamoks 65 cts.

market closes CHANGES (3.15 μm.) CLOSING

steady. In spite of the approaching Settlement Day next Tuesday. BUSINESS DONE DURING THE

WEEK

Hong Kong Banks $1860, $1865 Union Insurances $605 China Underwriters $1. Wharves $108

Providents (Old) $1.00 Hotele 10.10

QUOTATIONS

Buyers Union Insurances $607 Lane, Crawfords $8.90

Sales

Underwriters 314 Wharves $105

Providenta (Old) $1.90 Hong Kong Trams #21.20

Branches and Agencies at:

Кор

London

Tokyo Talustau Mandligion og eli Yingkow. Moji

Interent allowed on current Ap- Deposita received for fixed "pert at miss te be obtained on application

chetipriot KIBHINAMI

counte

Ivarposi

Losers Logo

Mario

Binxporn Tienlai

INDIA, LTD.

Bangkok

;!

All classes of Commercial Banking

Spok Bolang

Kandy Calmeida Colomakeri, Kasa Bara Dud

| Transactions, undertaken.

Personal Investment accounts handled.

HONG KONG ALAMON, Brary, darwlykkes at. During and Jacly

The Company offers to intending some Travniora" - the use of fie #trayaletu Cheques", and Letters of Credit and, In addition, the world-wide survien take of thoroughly equipped Travel De [partinen).

DUGGAN..

Trustees and,: Exocutorshi

ALEST

Kong, 2nd May

Lane, Crawfords, $8.30 n.

Mackintoshs, $21.

Sinceres, $10. a.

Wm. Powells, 80 ets. s. Wing On (H.K.), $120 n.

Miscellaneous.

H.K. Amusements, $3.80_b. Entertainments, $7% n." 8.C. Enterprises, $1. United Theatres, Sh. $2 n. Macao "Greyhounds," #2 p. Constructions (old); $1.60 b, Constructions (new), 70 cts. b. Ch. Govt. 5% 1925 G Bonds

87%D

Loane, premb Wallace Harpers, 18 a. Gold River, 29 cta, b,

'On demand

5214

I.K. Govt.

On Saigon--

On demand.;

On Bangkok

On demand

Bovereigns bank buy-

131%

Wing, rate, 1/512/

Bar Silver per oz... 19 0/16 Bar Silvery in Hoog

Kong

Copper, Gwah

Copper Centa

nom."

1%

Rate of Native Interest 81⁄2

Chinese Bub, Colm), 81% dia Hong Kong Sub, Cala par.

$8%%

RELIABLE PREMTIM

Small

FILTERS

"SALUDOR" "BROWNLOW"

AND

"DELPHIN"

1 to 6 GALLON FILTERS

HOUSE PRESSURE · FILTERS

FILTERING & COOLING BOTTLES

POCKET FILTERS

BABY, FILTERS

Prices from $4.50 to $55.

1-

THE SINCERE CO. LTD.

(Mukden). Rio de Janeiro

Harbin kow GE Hong Kont Hondlala

HEAD OFFICE

LF, Otonowo Baraat, London, 15.02.

Authorised. Capital ........49,000,000 Subscribed Ospital ........... 1,800,000 Paid-up Capital

1,050,000 Reservs Fund & Rest. 1,248,785.

Branches of American Express Com-ni se Ragani à Midland Bank,, Kid pany in Principal cities of United States of America and Canada.

On demand

On Singapore-

On demand

On Batavia".