1934-07-05 — Page 8

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Autherland, Chalal

· Romero, Panda pin

BURLING

£6,300,000

Roumivu Liabičky of Pespéiston ---830,600,000

HEAD OFFICE: HONGKONG,

Deputy ChairmAM.

G. Mika. Eq

THE CHARTERED BANK OF ́INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1858.

HEAD OFFICE: LONDON"

|Paid-up Capital

********£1,000,000. Reserve Fund

$8,000,000

BOARD OF DIRECTORE.

Reserve Liability of Pro-

prietors

Hon. Mr. #7.7%. Mackie

Aber au

4. EL. Dodwell, Eng.

Fangbor

- Mr. W. H. ML.

X.. K. Morrison, Eng.

Bombay

Agpoles and Branches:

Tolle

Rangoo Becaurang

Shanghai

Cale

Co

Kaight, Reg.

Caspere

Burbuje

T. M. Grayborn, Eng-

Cabu

Colomb

Chief Manga,

Tongkah

New York

[Bruker

Taiping

Tangle

Histor

Tokohama

Peking

Zamboang

ANOT

BANGBOK

BATAVIA

BOMALY

CALCUTTA

CANTOX

CHEFOO

DOLON DO

POOCHOW RATPRONG

BAMBURG

HANKOME

HARRIN

" LÀ ĐẠI ĐÃ

ILOZO

SPOK

JORTORE KOBZ TOWLOON

BRAMODRÁ 10m

LONDON

ZYONS

MALAŬCA

MANILA

MUAK (Johor)

KULDEN

NEW YORK

PEIXO

手

RAXOCON

RA100

SAN FRANCISCO

KUALA LUMPUR

STIAMORAY

SINGAPORE

FORKANTA

BUNCH PATANI

TIRKIMIN

TOKYO

TSINGTAO TOKOHAMA

r

Current Acoeunte opened in Local Carrenty and Fixed Deposite repared for cons 2000 or shorter purials in Lood Ommetry and Sterling a terme which will be quoted on application Hong Kong, 13 April, 1964,

Drchange and Gosarul Banking bisluont Covent Arosate oproef and Fixed · Deposita vocalvać for me gune or sharter perioda si eston

W. I. E THOMAS,

Acting Manager. Hong Kong, 20th February, 1DIC

THE BANK OF CANTON, LTD. Established 1912

. Head Offer:-Hong Kong. Authorised Capital ..... $11,000,000 Paid-up Capital

8,655,000 Total RemuTCOS

$2,170,492 Branches: Canton, Toithan, Shanghai, Hankow, Bangkor & San Francisco, London Banker: Lloyds Bank, Ltd

Foreign Exchange, and Banking Jacted.

HONG KONG SAVINGS BANK. business of every discription trans-

The Buzinans of the show Task 11 ponds. ad by the HONGKONG AND SHANGRA BANKING CORPORATION."Rules may obtained on application.

FOR THE BONG KONG AND BEANGHAI BANKING CORPORATION

V. M. GRATBORN,

(Chest Manager.

Tong Kong, 6th February, 1996.

THE BANK OF EAST ASIA, LTD.

Authorland Capital ...........

Fald-up Capita

$18,006,008.0

Bowers and Eladivided Preißte (2,0194,000,00

READ OFFICE TOKA KONI

32. Die Tour Road Central. HAND OF

DIRECTORA -

Sir Fber how. Chalme

11. Koon Chan, Pag.. P

To The Tank. Eng., Chan Ching Shik, a 14 Falk, Eng. Some Chu Ron, Fe, and Kan Tiag

Kam Tane M. Eaq.. Chief Nanager. Li Tre Font. Esq. Manager.

BRANCHES AND AGENCIES:-

Monito Veden

Amey

Batrin

Brattle Semarang

Bernhay

Yamanki

Cakutta Can'on Haiphong

New York

Topka

Ahaoghal insport Nourabaya Ke

Standrow

Printre

Howplulu

Panc

Keb

Ranroos

Keylosa London

Raison

Pro

hudnry

Tatboks

The fa

Tokyo

Tannenar Yokohama

Biery Basenpiken of Ranking and business trensarlad, Trans panied an approved.

Convent Ann's openin

in oturmay

And Fixed nepaita enceived in COYOA khmer parinde in Local and Parign Firmwaria

Or term which will be uned po application.

Rele Drposit Box To t

KAN TORO PO,

Current Accounts opened and Fixed Deposits received for one shorter periods at rales which will be year or

quoted on application.

Safe Deposit Boxes (various sizes) for hire.

LOVE MONG SILAN,

Diet Manager.

SAFETY FIRST !

To Safeguard Your Valumbles and Jewelleries. Deposit them fa a Vault

that is Tully: FIRE-PROOF BURGLAR-PROOF DAMP-PROOF!

OUR SAFE DEPOSIT VAULT located on the Mezzanine Floor of Our New building is Specially Con- structed to provide all of these Im- portant Qualities.

You may obtain Safe Deposit Box in this most up-to-date Vault for your own wae at a very moderate Ren- Cal

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

THE

AMERICAN EXPRESS COMPANY, INC.

Head Offer:-65, Broadway, New York

$8,000,000.00 2,087,112.69 1.995,528.31

Chial Manager.

Bong Kong, Ji Mareb, 1961.

Capital Surplus Reserves..

BRANCHE:-

THE BANK OF TAIWAN, LTD.

(TAIWAN GINEO)

HEAD OFFICE:- Taipeh, Formosa)

Incorporated by

Special Imperiai | Chartor, 1898.

Ansledam Autwang Altapa Ammi

Thealt

Bedlo

Central and in Furmons

Bank-Kalos Lomad Atorage misant... Yen. 43,000,00

On and after August 18th, 1933, the Tate of Interest on Special Current Deposit will be at 2% pa. on daily balance and the rate for balance over $10,000 will be quoted on application. (Maximum rate--13%).

LONDON DANKERS

Barclays Back, Ind., Taayılı Bank, Jatað, Midland Bank, Ltd., Westeninar Bank, LA.

The Raph b Öorrespondents in all the principal Commercial Contững the world.

E. MINUNA.

Manager.

BONG KONG

BARON:

Das Vaux Road Central. Hoa Hoag, December 21, 106).

THE YOKOHAMA SPECIE BANK

LIMITED

Established 1884

Bown my

Brainsels

Catruita

Cannon

ho ("ysin lisen Plurah

דיין

beavers

Blascom Recana Hamburg Hatte Hatibust Interlaken deromatera

Loudne 1.tarpool Tavern

Maire City Nee Nispl Piraeus Puria Piping Palermo Holbordats Ilanir Shanghai

Houtkampion

Singapor

Lunar

Thetain

Marwilkon

Temiz

Mom Carla Simila

Virana

Venice

Nilarus

Tehnat Zurich

NU

Branches of American Express Com- pony in Principal cities af United States of America and Canada.

All classes of Commercial Banking Transactions undertaken.

Persona I investment accounts handled.

The Company offers to intending Travelers the use of its "Travalics Cheques" and Letters of Credit and, in addition, the, world-wide cervices of its thoroughly equipped Travel De-

Capital (fully paid-up) Ten.200,000,000 partment. Reserve Fund

Yen 122,750,000

Head Office:--YOKOHAMA

Branches and Agendes at:

Alexandria

Batavia

Berlia

Bombay

Calcutta

Canton

Dairen (Dalny)

Nagauk Nagoya New York

Onaka

Paris

Pelples

Rangoon Fengtan (Mudan) Ho Janeiro Hamburg

San Francisco

Blagaporn Sourabaya

C. H. BENSON,

General Manager,

Is It Insured? ?

Insurance All Classes LOWEST HATES American Asiatic Underwriters. Fed Inc., USA. General Agenta

Hankow

Harbin

Honolulu Hacking Karachi

Semarang

Long

Shanghal

Head Office

Kob

17, The Bund,

Shanghai.

London

Los Angeles

Manila Mo

Tokyo Taingiau Yingkow

internet allowed on rent. As-

Depozita recared for fixed perioda

at raids to be obtained on application.

4. KISHINAMI,

Ver Managme.

Hong Kong, 11th April, 1884.

HE, Office Asia Life

· Building Tel. 3023).

Bring Your PRINTING

LOCAL SHARES.

CENA, MAIL THURSDAY, JULY 5, 1934.

ommerce and

Finance.

"TO-DAY'S QUOTATIONE,

The following in the Hat of local jsharé quotations issued to-day

·Banka.

H.K. Bank, $1790 an.

H.K. Bank (London), $1831⁄2 n. Chartered Bank #161⁄4 n. Mercantile Banh Â... 4 B, 426 3. Mercantile Bank G. 415 n. Bank of East Azik. $90; z- Am: O Finance Corp. 8h. $20 a. China O. Fin. Ord., ih. $4 m. China O. Fin. Pref. 8h. $5 n.

Insurances.

Cantón Ins, $290 m. Union Ins., $530 b.

China Underwriters, $1.20 b. China Fire Ins., 3510 n. H.K. Fire Ins., $250 n. International Assoe.'$6 n.

Shipping.

Douglas, $414 m. H.K. Steamboata," $7 n. Indo-Chinus (Pref.), $80 n. Indo-China (Def.), $81 m. Shell' (Bearer), $50/- *. Union Waterboats, $12 E.

Mining.

Antamokų 66 cts, a. Balatocs/$32 n

Baguio Gold, 88 eta. n. `Benguets, 32% m.

Benguet Exploration, 20 ctal

Benguet Goldfield, 20 eta. Big Wedge, 12 cta. E.

Gold Creek, $28.

Ipo Mining, $4 n. Itogons, $6 n.

Kailan, $18/- n.

Langkats (Single) Sh. #211⁄2 n S'hat Exploration, Sh. $5 a. S'hat Loans, 86.55 n. Raubs, $123⁄4% 8. Venx: Goldfeld, $7 'n.

Docks, etc.

H.K. Wharves $108 b. H.K. Docks, $15 n.

S. China Motors B. $2 n. S. China Motors B., 88 n. Providents (old), $1.80 as. Providents (new), $50 eta., n. Hongkews, (old) Shi #3221⁄2 n. Hongkews, (new) Sh. $820 n. New Engineerings, Sh. 16 n. Shanghat Docks, Sh. $181,

Cation Mills. Ewo Cottons, Sh. $11 b. S'hai Cottons (old), Sh. $72 n. S'hat Cottons (new), Sh. $42 n. Zoang Sings, Sh. $11. Wing On Textiles, Sh. $57 n.

Lands, Hotels, ele.

H. and S. Hotels, $5.85 b. H.K. Lands $571⁄2 b., $58 s. S'hat Lands, Sh. $27 n.

etropolitan Lands. Sh. $14 Threys, $10.60 n.

H.K. Realties, $61⁄2 b.

Asia Realties "A", Sh. #140 n.

Asia Realties "B" Sh.420 n.

Chinese Estates, 86 .

.

China Realties, Sh. $15% China Debenture, Sh. $187 n. Public Utilities.

H.K. Tramwayä; $21.10 b. Peak Trams (old), $15 n. Peak Trams (new), 37 n. Star Ferries, $1021⁄2 n. Yaumati Ferries, $21 b. C. Light (ald) $9.15 en. C. Light (new) $82 b. H.K.. Electricr $7211⁄2 ́s. Macao Electrics, $25 n.' Sandakan Lights, $8 a. Telephona (d) $24.80 by $25 Telephone (new), $12 h. China Bases Sh. $18.20 n. S'pore Tractions, 5/- 'n. Singapore Prof., 18/10 n.

Industrials.

EXCHANGES.

TO-DATE QUOTATIONS. On Landes

►

On T/T, and demand 1/53⁄41⁄2 4 months' sight 'Credits 4 months'

aight

No Clearing House

(Continued from page L.)

The German Government has promised to negotiate an exchange, agreement for commercial, pay- ments similar to those effected in other countries.

AMERICAN TRADE WITH CUBA

Agreement Negotiations To Start Soon,

LOWER U.S. TARIFFS LIKELY"

NEW ADVERTISEMENTS

PART

to be held on

PUBLIC AUCTION.

<PECIAL TO CHINA MAIL. ` his Matsager Ordinance, 1815, Be

JARTICULARS & CONDITIONS (By1Petroşi, Copyright, Telegra- of the Sale by Public Auction ceived July 5, 911 am)

MONDAY, the Washington, To-day.

9th day of July, 1984, at 8 p.m. at *So für das "we are concerned, the agreement le a satisfactory nounced that it will begin nego-the Governor of one Lot of Crown The State Department has apartment, by Order of His Excellency the Offices of the Public Works De- solution United Press, per S. Etiations for a Cuban foreign Land at Mount Kellett in the Com Levy, and Company.

trade agrement within 30 days-lony of Hong Kong for a term of 75

Mr. Chamberlain stated:

FULL TERMS

A White Paper containing the The legal formality for the years, with the option of renewal terms was published last evening.greement has been practically at a Crown Rent to be fixed by

completed.

the Surveyor of His Majesty the It is not revealed what pro-

Boundary

and it provides that during this ducts will be affected but it is King, for one further term of 78 likely that sugar, tobacco and perfod the German Government

PARTICULARS OF THE LOT. will provide sterling fand at the fruit tarifs 'will be reduced in

return for trade concessions. Bank of England for the purchase,

Reuter. at fall nominal value, of all cou- pons under the Dawes and Young| [loans. This applies to coupons in

beneficial ownership of jowners on June 15, 1984.

British

1/6/

Où New York On demand

37%

-Credits 60 days'

38%

On Paris

On demand Credits 4 months'

|OuTM Ehala-

·On T.T. and demand 984 Du Bhanghai

· 109

565

The agreement covers a period of 6 months as from July 1, 1984,

597

On demand

124/4

On demand .....

742

On Bingapore

On demand

€8

On Batavia-

·On-demand .................

544

เ

On Balgat

On demand

664

On Bangkok...........

On demand

125%

Bovereigns bank buy.

1/6%

20 11/16

Bar Silver in Hong

Kong

Bom..

Copper Cash

bom.

Copper Centa

ing rate

Bar Silver per oz.

1% pred.

Rate of Native Interest 8% pa.

Chinese Sub, Coin

Hong Kong Bub, Coln par.

APPLY TO ALL INTEREST As Ngards [long term

other medium and debts, the agreement provides that the terms of the of- for of the Refchsbank, embodied In the communique issued on May |29, 1934, shall apply to all inter-

est, etc., due in respect of invest

PROTECTION FOR U.S. INVESTORS.

Kennedy Clarifies Control Scheme.

WILL GIVE CONFIDENCE.

SPECIAL TO CHINA MAIL (By Telegraph, Copyright, Telegra

צל האור

Lupality.

Nour Rafal Building

Mount Kallet.

Registry Me,

1

The tho

4 per sala pisa. 9,900 (174

➡ | Upest Prica.|

wenta which, on June 15, 1934. were in beneficial ownerships of phe Hoses Ordinance, 1881, R. VICTORIA RECREATION CLUB British holders, provided that if seived July 5, 9.11 am) the German Government should

Washington, To-day.

1

The Chairman of the Stock Ex-THE FIRST SWIMMING FÉTE change Control Commissier, Mr. under

open to members and their

conclude any agreement with any other creditor country which more favourable terms are Joseph P. Kennedy, in a broadcast friends will be hold in the Club on accorded to residents in their address, stated that the Commia SATURDAY, 7th, July ~commenc- 2019% discountry in respect of a non-Reich slon's goal was to protect the greeting at 9.15 P.M. "Fred and his

Joan, it shall be opened to Bri-mes of investors,

Pals" Orchestra will be in atten tish holders to clalim

"It does not mean that legiti- dance. сотев- STOCK HOLDER IN Postiments held by them on June 18, ties, will suffer. Instead, honest

ponding treatment in respect of in-mate business, including securi-1.

regulation will make the invest- NON-DISCRIMINATION BASIS

mant machinery more adequately Furthermore, should each claim serve the needs of commerce and (Continued From Page 1) be put forward, the question will be return confidence to the financial settled by agreement between the institutions,” be sald United "The action was in accordance two countries on a basis of non-Presa, per S. E. Levy and Com- with the constitutional develop discrimination, taking account of all pany. ments of the last few years.

But

circumstances, including any advan

S. AFRICA

1934.

•COTTON.

Association Renew Trade Battle.

one of the conditions prescribed by tages which Germany receives from FULL PARITY FOR the Treasury under the Colonial other creditors as compared with Stock Act of 1990, with which every any advantages which Germany re- Dominion or Colonial Government celves from the United Kingdom. must comply in order to obtain a

Finally, the agreement provides US trustee in the United Kingdom for that the British Government will their securities, stipulatas last theinot, during the period of the agree right of diskwance shall be exment, exercise in respect of Ger preasly recomled by the borrowing many, the powers of the Government Government la respect of any legie by the Debts Clearing Offices and lation which appears to the

Imports Restrictions Act, 1934, United Kingdom Government to alter.

The agreement is, of cours, any of the provisionaj

without prejudice to the affecting Stock, to the injury of standstill terms in regard to the Stock bolder, or to involve a

short term debts. departure from the original con tract in regard to the Stock.

"The Union Government, there Governments affirm the earnest de-tary of Agriculture, Mr. Henry C.

By Teleprapk, Copyright. Idegra

SPECIAL TO CHÍNA MAN. pale Messages Ordinance, 1894, Re- ceived July 5, Q.11 )

New Orleank, To-dy The American Cotton Co. operative Association has renewed its right to obtain full parity of 15 Mr. Chamberlain added that In cents per pound for cotton. the preamble to the agreement, both It has telegraphed, to the. Secre

COMMERCIAL DEBTS

VINDICATION FOR PREMIER

PUBLIC AUCTION.

THE Undersigned have received instructions to sell by rublie Auction

ON

Monday, the 9th, July, 1934, at 12 o'clock Noon

at their Sales, Room, 4. Daddell Street.

22. Cases Finest Danish Pressed Pork each costaleting :12 tins of 3 lb. net.

Terms: Cash on Delivery

LANKEET BROS.

AuctioneerZ.

Hong Kong, 6th July, 1934.

LONDON STOCK

PRICES.. Night Telegram.

The following quotations from Lon-

Liverpool · Cotton-October:-6.41

Liverpool Wheat October:

London Rubber Oct/Dec-7-1/8 buyers, 7-3/16 allers (Opening).

Last Record London Silver-Spot 20-11/16 and Forward 20-18/16,

China and speculators sold. Ameri- ca and India bought. Quietly steady.

P.m. prick).

(1

London Gold-187/6.

London/New York Ratom5,06-1/18

(2 p.m. ratė).

fore, realising that when the posire that trade and financial rela-Wallace, Mr. Chester Davis, and don were received last night between er of disallowance n. conditions would in the absence continue on

coased these tions between these countries will the Chairman of the Reconstruc- the hours of 5.80 p.m. and 10.30 p.m.

non-discriminatory tion Finance of express stipulation become nuand most friendly basis, and that Jesse Jones, urging that the price Forward-20-18/16

Last Price Corporation, Mr.

London Silver-Spot 20-13/18 and gators, and, destring to maintain the volume of mutual trade shall be is necessary to bring success to in the fullest possible degres the maintained and, as far as possible, the Administration's plan to in-ca and Indie bought Quietly steady. China and speculators sold. Ameri- rights of holders of their stocks increased.

London Gold137/71⁄2, approached the United Kingdom |

crease the farmers' buying power. London/New York Rate:-5.08-1/4

The Association urged that loana (2 pm, rate). Government, with a view to devle In, pursuance of this principle, the on the base of 15 cents per pound ing ab alternative form of safe German Government have informed should be provided for farmers for (1 p.m. price). guard.

the British Government that they the 1984 crop,--United Press, per 4/10-5/8 (1 pm, price). "As the result of discussion. It are prepared to negotiate a change S. E. Lavy and Company. Was agreed that the Union of agreement for commercial pay- Government should enter into an ments similar to those which are, or undertaking with the United may be, la force between Germany Kingdom Government, not con and other countries. This mater firmed by the Act referred to, and is dealt with in an exchange of let-

(Continued from Page 1). that the new undertaking, which ters contained in the White Paper. should be accepted by the Trea-

Concluding, Mr: Chamberlain | It was alleged that Mr. Brown- Buzy, subject to the approval of said:

lee carried on misconduct with Parliament, 18 an alternative to "It would have been more satis-Miss MacMillan, the daughter of the existing stipulation should be factory, if the German Government the Mayor of Ednon, for period of

could have made an

[2% years. Miss MacMillan^", en-; with all its creditors on the linestered the Government service se ap. of their agreement, but as the Gertyplet in 1980, at the age of 19. man Governxiest is engaged in Mr. Brownies strenuously, denied buyers, 7-5/16 sellers (Opening).

the charges. separate negotiations and in differ ent creditor countries, we have beti forced to take the same lines, std I hope the House will agree that to far as this country is concerned, this agreement is a satisfactory so- lution."British Wireless Serviços US. SEEK SAME TREATMENT

Washington, To-day. Authoritative Administration clr- clea state that it la positive that the United States, will demand thắt | American Holders of German bonda be given as favourable treatment as that accorded to. British. Holders under the agreement signed in Lon- don, yesterdayReuter....

Malabon Sugars, 12 n. Cald: Macy, (ord), Sh. 121 -2. Cald: Macg, (Pref.), Sh$191⁄4n. Canton Ices, $2.70 m. Cements $3, $2.90/92% na. H.K. Hopes, $474 n.

Stores, etc. Dairy Farms $26 b. Watsons $6.80 b. Der. A. Wings,, $1 p. Lane, Crawforde, $4,30 h... Mackintoshs, $21 n. Sinceres $9.80 2. Win. Fowells, 70 cts. n. Wing On (H.K.) $105 b.

Miscellaneousj

H.K. Amusements; §4.n.-. Entertainments, $7% n/a S.C. Enterprises; $2 m. United Theatres, Sh. Macao "Greyhounds,” 32 1. Constructions (old) $1.55 b. Constructions (new) 70 eta, b Ch. Govt. 5% 1925 G Bonds

as follows:

NEW LEGISLATION

Majesty's Government

la the Dominion has under- taken that legislation, which appears to the United King- dom Government to en- ter ard

provisions. stock to

AN.

arrangement

Afecting the the injury of the stockholders, ot to involve departure from the original contract in regard to the stock shall not be submitted for Royal assent, except after

agreement Government, and that if atten- tion is drawn into any such legislation as aforesaid, after the passing thereof by the Dominion Parliament, the Government in the Dominion will take the necessary steps. to ensure auch an amendment

emment, and which prefers to borg as may be requested by the row, under the existing, Treasury United Kingdom Goverment"

condition, as many of these. Gov- MO, CHAMBERLAIN SATISFIED emments do, it is at liberty top The Bill being presented to continue in the existing practice. the House of Commons, authoris Mr. Chamberlain said that he ing the Treasury to accept the was entirely satisfed that the

F.K. Govt: Loss, $8% % prem. b. undertaking in the agreed form existing rights of the stockholder

Wallace Harpers, $3 n.

Gold, River,26% ̈cts,

Govt, Loan 1% prem.""

from any Dominion Government would be safeguarded equally which prefers to adopt, tlila-fas under efther conditions British {an alternative to the dxdeling" Göy, Wireless Service

Liverpool Cotton-October-8.45 (1 Pam, price).

Liverpool Wheat October 4/11 (1

Trich). London Rabber Oct/Dec:-7-3/18

London Rubber Oct./Dec.:--7-3/16 buyers-Noon, Market firm.

S. E. Levy & Co.

UNDERWRITERS AND DISTRIBUTORS

SECURITIES AND COMMODITIES BOUGHT AND BOLD ON COMMISSION

DAILY NEW YORK STOCK AND

COMMODITY SERVICE

Members:

NEW YORK COTTON EXCHANGE" COMMODITY EXCHANGE, INC CHICAGO BOARD OF TRADE CORRESPONDENTS FOR WHITE, WELD & CO. NEW YORK

17 ICE HOUSE STREET, HONG DAN

B0101 “And '80108