1934-09-24 — Page 6

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BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorized Capie 50,000,000 Logged and Fully Peldtip wan 20,000,000 Bar Funds 1—

Sterling

Silve

£ 0.003 $19,390.000

Baservo Idukility of Pynprision $20,000,000 HEAD OFFICE: HONOKONO.

BOARD OF DIRECIDAS.

How Mr. C. 0. 5. Maka

Chatzman,

8. 1. Dodwell,

Deputy Charitab

Glam, kir. W. it. Balt, 4. M. Compton, 294.

W. J. Kach, Eng? 10. Kaight, Esq.

AMOY BANGKOK BATAVIA

GONDAY

GALLUTI UANTON [ONEYJU

GALOMA DAIHEN POOCHOW HAIPHONG

KAMBUR

BANKOW

BAMBIN

HONOKEW

ELOILU

UPOR

JOHORE

KOUR

ROWLAMIN

V.

0. Sti. Eng.

K.. Harrison, Zag.

1. E. Panton, Ey

Grayburn, ag

Chia Mungur.

RANCHIP

LONDON LISS

MALAGUA

MANILA

MUKDEN

MMAR (Julare)

NEW YOUR

PLEPING

PESANO

RANODON

SAIGON

MAN VRANGINGO

KUALA LUMPUR

SHANGHAI

SINGAPORE

SAKRABAYA

NUSGEI PATANI ........

TIESTHIN

TURYO

USINGTAO

YOKOHAMA

Charcoal Accousta opened to Local Currency mad Fired Popoets areived for one pair or shorter periods in Lacs! Lompany and ferliss we larms which will be qualed on application.

Hong Kong, (ah April, 1984.

HONG KONG SAVINGS BANK.

The Bariness of the above Bank is conduct-

be

T BỊ HỘP 200G RUN AND MAN HAI BANÁINU CORPORATION, Hules may sbtained ca application.

'YOR THE HUNG KONO AND BHANGHAI BANKING CONFORATION.

V. M. GRATHORN,

Chief Mangue.

Hong Kong, Hith Pebruary, 1994,

THE BANK OF EAST ASIA, LTD.

Authors Capital

-up Capital

......................... $ 10,600,000.0o

5.2.6.

and Vadiviluck Frotic $3,484,023,0)|

HEAD OFFICE-HONG KONG

12, Des Vaux Road Contrat

BOARD OF DIRECTORS –

Bl Blouson Clow, Chal

Logo Chun, E., P. H. Kwok, Eng. Hona Tan Tong. Eng., Chao Cling hek, Esq., IN Bang Hay, Wong Chu too. Bag, and Ken Yog

-----་

Kar Tong Fo, Esq. Chlot Manager. Lt Tee Foug, Euq. Manages.

BRANCHES AND AGENCIES:-

3/24/20

Selle Nugal New York

destile

Semarang

óhaghas Biospore bourabaya

BWALOW

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1853.) HEAD OFFICE: LONDON

Agencies and Branchen:

Paid-up Capital

Reserve: Fand

.£3,000,000 .£8,000,000

Reserve Liability of Pro-

prietors

.£3,000,000

Alor Bla

Hallo

Rangoon

Atariisar

Jpok

Salgón

| Esangkok

Karachi

Hemarang

King

Bemar

Kobe

Shanghai

Gigapore

Canton

Inpur

NIRWAR

› Cawapre

Kushin

Boursiya

Cabu

Indian

Telping

Colombe

Tutin

Delbl

Han

Tongash

Walphong

New York

Prigine

Junoy

Batarla

Bombay

Calcutta Canton Talphony Baakon Boralulu Zoba Xowlcon

07.cha

Paris

Pelping

sydney

Penang

Tallioku

Stangoon

Titib

Nalgon

Tokys

Loudou

Francisco

VALOON THE-

Yokohama

Evoc

decrip'ia

making and Exchange

les tragancie.

securitat.

Le granted on approved

Current Account opeed l Local Curren

and Fized Depolta colved for year

ButyEs

Hurabay Calautta

.

(huh)

Tolchens ZMATER

Hanbow

P Tarbin

TROENA Jorg Kong

Foreign Exchange and Janers! Banking busines transacted.

Current Acconuta opened and land Deposita Mesitad for one year or aborter periode at how which will be quoted na application.

W. II. E. THOMAS,

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

THE CHINA MAIL, MONDAY, SEPTEMBER 24, 1934.

Commerce

Finance..

AMERICAN RAILROAD

ASSOCIATION

Private Ownership Advance Sought

SPECIAL TO CHINA MAN. (By Telegraph, Copuright, Telegra nai Orange Ordinance, IRD, Ra erived September 24, 1145 #an)

Chicago, To-duy",

An Association of American Raii- roads has been organised including the American Railroad Assovit- tion, plus the Association of Rail- way. Executives' headed by Mr. Joha J.. Pelley, President of the [New Haven Railway.

The objective is "the advance of [the railroad industry under private ownership and management."-

THE BANK OF CANTON, LTD. United Press, per S., E. Levy and

Established 1912.

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

8,055,000 Total Resources

82,170,492 Branches: Canton, Toishan, Shanghai, Hankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd.,

Foreign Exchange and Banking

Company.

LOCAL DOLLAR STEADY

Silver Prices Firm

The local dollar remains steady,

business of every discription trans-opening on demand this morning atļ acted.

Current Accounts opened and Fixed 1/6 Deposits received for one

year ar

Spot and forward silver prices

shorter periods at rates which will be remained unchanged, closing on quoted on application,

Saturday at 21% and 21 15/16. respectively.

Safe Deposit Boxes (various sizes) for hire.

LODE POONG SHAN,

Chior Manager.

SAFETY FIRST!

To Safeguard Your Valuables and Jewellerici.

Deposit them in a Vault that is really: FIRE-PROOF BURGLAR PROOF DAMP PROOF!

The London on New York cross- rate, which closed on Friday at £-U.S.$4.99%, closed on Saturday at; £-U.S.$4.99%, while the New York (on London rate closed at -U.S.$4.99%. as compared with -U.S.$4.99% on Friday..

OUR SAFE DEPOSIT VAULT located on the Mezzanine Floor of Our New building is Specially Con-j jstructed to provide all of these Im-1

portant Qualities.

You may obtain a Safe Deport Box in this most up-to-date Vault for your own use at a very moderate Rea-1 tal

Inspection Cordially Invited.

EXCHANGES.

TO-DAY'S QUOTATIONS.

On. London

THE NATIONAL COMMERCIAL On Shanghai-

nkeriar parlods to Local sad Foreign Currencies.

& SAVINGS BANK, LTD,

THE

tarane which will be fated on application AMERICAN EXPRESS COMPANY, On New York-

Safe Deposit Jo Fo

KAN IUNG PU

Obia! Mauagar.

Kong Kong at March, 1934.

THE BANK OF TAIWAN, LTD.

Head Office:--Taihoku, FormoKS, Incorporated in Japan by Special Imperial Charter, 1890.

Central Bank of Formosa, Notes

issued Average amount Y.45,000,000;

Branches and Agencies.

INC.

Head Office:-65, Broadway, 'New York

STOCK MARKET

POLICE RESERVE

Week

and UNCERTAINTY MORE Orders for the Current

PRONOUNCED IN U.S.

Conditions Unlikely To Grow Worse, HAZY OUTLOOK IN FUTURE

LOCAL SHARES.

TO-DAY'S QUOTATIONS.

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

Banks.

H.K. Bank $1725 n.

n.

I.K. Bank (London), 2136 n. Chartered Bank 915 n. Mercantila Bank, A. & B. 30% Mercantile Bank C. $13. Bank of East Asia, $9 n. Am: 0. Finance Corp., Sh. $20 n. China O. Fin. Ord., Sh. $4 n. China 0. Fin. Pref. Sh. $5 n.

Insurances.

Canton Ins.. $285 aa. Union ins., 3530 b. China Underwriter, $1.18 . China Fire Ins., $510 n. H.K. Fire Ins., $249 n. International Assce. Sh. $6 n.

Shipping.

Douglases. $40% n. H.K. Steamboats, $7 n. Indo-Chinas (Pref.), $80 n. Indo-Chinas (Def.), $38 m. Shell (Bearer)., 46/10% u. Union Waterboats, $19.

Minkag.

Antamoks. 60 cts., b... 64 cts, 8. Balatocs, $37 n.

Baguio Goli, 47 n.

Benguet Consolidated 42% cts.

n.

Benguet Exploration 18 ets. b. Benguet Goldfield, 20 ctu. . Big Wedge, 10 cts. b. Gold Creek, $2 n. Gold Rivers, 23 cts. n. Ipo Mining $2% n. Itogans $6.30 n.

Kailan $21/- n.

Langkats (Single) 8h. $17 n. S'hai Exploration, Sh. #5 n. S'hal Loans, 16% n.

Raubs $12.00 n.

Venz; Goldfield, 35 a.

Docks, etc.

H.K. Wharves, $109 n. H.K. Docks, $141⁄2 1. Providenta (old), $1 n. Providents (new), 850 cts. n.

Hongkewa, (old) Sh. $3091⁄2 n. Hongkews, now) Sh—

New Engineerings, Sh. $4 m. S'hai Docks, Sh. $118 n.

Cotton Mills.

T.T.

1/65%

On Demand

1/6

4 Sight..

4 Months Sight Credita

1/634

months'

1/7

On Demand

1094

Corner of 'Tea House Street and Dea Voeux Road, Central.

On Singapore-

On Demand

661⁄4

On Japan:-

On Demand

129%

Ewo Cottone, Sh: $10.80 s.

On India-

On T.T. and Demand

109

S'hai Cottons (old). Sh. $75%1⁄2 n.

S'hai Cottons (new), Sh. $44

u.

On Demand

38

Zoong Sings, Sh. $111⁄2 n.

Credits 60 days'

Sight

Wing On Textiles. Sb. $55 m.

40

Lands, Hotels, etc.

On Dutavia-

H, and S. Hotels, $5.40 b..

On Demand

50%

H.K. Lands, $50 b.'

On Paris-

S'hai Lands, Sh, $27 n.

On Demand

5802

Credits 4 months'

Sight

610

H.K. Realties, $4.60 b.

Aisleriam Antwerp Atlan Acusa Bentse Berila Bomber Иреней

Genoa

Olangaw

Milso Nio The Hague Napis

On Saigon--

On Demand

58

Aels Realties "B" Sh.$20 n.

Elenco

Hamburg

Hame

Piraeus Parte Paipan

On Manila-

Chinese Estates, 89 b.

5814

China Realties. Sh. $154 n.

Heidelber

Piet me

Interako

Betterdam

On Bangkok-

Brazel Catro

Jarussia

R

On Demand

119%

London

Bouthampton

Bovereigns bank buy-

H.K..

Campes Calomba Copenhage Bublin Fitne Edinburgh Monte Carl

Lun

Tlentin

ing Rate

1/7/

Luxor Mellon

Tharmies

Vienka

Bar Silver per oz.

21%

Vaning

Bar Silver in Hong

Macita Muni

Falchama

Zurich

Matteus,

Kong Copper Cash

nom.

пот.

Capital Surplus

Reserves

Japan:-Kobe, Osaka, Tokyo, Toko- hame, Keelung, Makong, Nanto, Bhoka, Sinchiku, Taichu, Tainan, Taito, Takao, Tamsui, Toen.” China:Amoy, Canton, Focchow, Han

kow, Shanghai, Swatow. Others: Bombay, Hong Kong, London, Calcutta

New York, Singapore, Batavia, Samarang, Seerabaya, Dairen. On and after April 20th, 1984, the rata of Interest on Special Current Deposit will be at 1% p.a, on daily balance and the rate for balanes over $10,000 will be quoted on application (Maximum rate-1%).

Hong Kong Branch

Y. OHNO,

Manager.

3, Des Voeux Road, Central,

Gisners

U.S.$6,000,000.00 2,087,112.69

... 1,995,528.81

BRANCHES:--

Shpoz

On Demand

Copper Cente ...... 1% pram.

Branches of American Express Com Rate of Native Interest 3% p.a. pany in Principal cities of United Chinese Sub Coln... 26% dis." States of America and Canada.

Hong Kong Sub. Coin ... Par

All classes of Commercial Banking Transactions undertaken.

1

B

Persons! investment accounts

THE YOKOHAMA SPECIE BANK handled,

LIMITED.

Eatablished 1880

The Company offers to Intending Travellers the use of its Travelers, Cheques"-and-Letters of Credit and

Capital (fully paid-up) Yen.100,000,000 addition, the world-wide.carves

Head Office: YOKOHAMA

Branches and Agencies, atr

Alexandria

partment.

G. H. BENSON,

General Manager.

SHANGHAI BANK TO

BE PROBED

Closed Institution Was

Not Registered.

With reference to the closing Reserve Fund Yen.124,250,000 of its thoroughly equipped Travel De of the Wu Hwa Bank's local branch, a Nankin telegram states that the Ministry of Finance has instructed the Greater Shanghai Bureau of Finance to make a thorough Investigation into the causes of the bank's closure as it THE WING ON BANK, LTD. has been found that the banks

HONG KONG

had not been officially registered. Authorised Capital $10,000,000

Berlin

Batavia

Bombay

Calcutta

Canton

Dairen (Dalny)

Hamburg

I

Nagasakl Nagoya

New York Osaka Parls

Peiping

.Rangoon (Mukden) Rio de Janeiro

San Francisco Seattle

Harkow

-Harbin

Hong

Kong

Honolulu

Hainking Karachi

London

Sarang

Коре

Los Angeles

Monila Moll

Tiontain Tokyo Tsingtan Yingkow

THE SHANGHAI COMMERCIAL

Foreign Exchange and Banking}} & SAVINGS BANK LIMITED, Business of every description transact-

(Incorporated in AMAT

ed..

Current Accounts opened and Fixed Depoalts received for one year or shor- ter perled at rates which will be quot ed on application.

China) Capital paid up Reatrves 2.j

$5,000,000, Capital Bavings Dept. $500,000. $7,000,000. Beserve Savings Dept. $800,000.

Cafe Deposit Boxes (various sives) Head Office Shanghal

for hire.

Incast allowed on Current

Deposits received for fred

až rates to be obtained on application, 14 GOCKCHIN

KISHINAMINATO

Hong Kong, 11th September, 198%.

(rarloda]

PHILIP GOCKCHIN Chief Manager.

Assistant Manager

LI SHU FONG. Assistant Ma

1 Bank having as its ratsaion the industrial development of China: and the fostering of her commer dial relations skroad Hauz Kong olles 1100

Metropolitan Lands, 8h. $14 n. Humphreys, $10 n.

Asin Realties "A", Sh. $140 ́¤..

China Debenture, Sh. $137 m.

Public Utilities,

Tramways, $20.10 $20.40 $8.

Peak Trams (old), $15 s. Peak Trams (new), $7 n. Star Ferries, $98 n.

SPECIAL TO CHINA MAIL.

1

New York, To-day.

Orders by the Hon. Mr. E. D. C. Wolfe, C.M.G.. Inspector General of Police.

NEW ADVERTISEMENTS

RAFT

DENTRY FORMS

THE HONG KONG JOCKEY. CLUB

PROGRAMMES and for the EIGHTH EXTRA RACE MEET Mr. C. Champkin, Acting Deputy ING, to be held on. SATURDAY, Superintendent of Police (Reserve) the 6th and WEDNESDAY, the has been granted 14 days' leave of 10th October, 1934 (Weather

Leave

Appointment

(By Telegraph, Copyright, Telegra- abacnce, with effect from Septem- permitting), may be obtained at the phis Messages Ordinance, 1894. Ro-ber 26, 1934.

Secretary's Office, Gloucester Build- ceived September 24, 11.45 a.m.)

ing; the Club House, Happy Valley; Mr. Tso Tsun On, Assistant the Hong Kong Club; the Sports Despite the increasing optim-Superintendent of Police (Reserve) Club; and the Stables, Shan Kwong ism. some traders say that seldom has been appointed Acting Deputy Road. has the stock market been less Superintendent of Police (Reserva) Entries close at 12 O'clock NOON stable and less subject to accur during the absence on leave of Mr. Jon THURSDAY, the 27th Septem- ate anticipation

C. Champkin, Acting Deputy Super-ber, 1934. intendent of Police (Reserve).

Chinese Company

Some explain that the market's relative stendiness is due to the

Training Course Part I. Al fact that aellers do not want to recruits of the Chinese Company convert holdings into cash wince will attend at the Chinese Company they would not know what to do Headquarters on Tuesday. Septem- with the money,

ber 25 at 17.30 hours for instruc-

Many responsible • quarters, tion. however, hold the opinion that 'the business outlook may be none too the Chinese Company will fire the Revolver Course, Members of cheering, but conditions will not Part II Course "B" at the Ken- grow worse before gttting better.nedy Road Range on Wednesday,

Moody's Investment Service Bees no

fundamental change in the conditions surrounding the stock market, "which con- tinues to face a poor outlook

in nearby futures."

By Order,

C. B. BROWN,

Secretary. Hong Kong, 24th Sept., 1934.

PUBLIC AUCTION.

instructions to sell by Publis HE Undersigned have received

Auction

ON

September 26 and Friday, Septem-FRIDAY, the 28th September, 1934 ber 28 at 17.15 hours under Sub- Inspector A. L. Hopkins. Only those detailed will attend. Indian Company.

A

Training Course Part II: Con-1

"It is indeed difficult to foreses stable R208 Mohammed Khan has any decided new trend for some been passed out as efficient In Part has II of Training Course (Knowledge

weeks. Business activity little chance of turning around of Police Duty and Regulations). prior to the elections,". It states. There will be no Part II of It adda that no nearby Infla-Training Course at No. 4 Chi Woo tion developments are expected Street on Wednesday, September and it is therefore unwise to rush 26. headlong into inflation stocks.

Standard

Statistics

All recruits of the Indian Com- state hat pany residing at Hong Kong will it would be guesswork to attempt attend Chinese Company Head- to predict the duration of the pre-quarters. 17, Queen's Road Central sent dullness-United Press, per on Thursday, September 27 at 17.30 S. E. Levy and Company.

CANADIAN RELIEF DECLINE

One-Third Drop Since Worst Period

Ottawa.

The number of people receiv- ing unemployment, relief in Can- ada has decreased by about one third from the worst period of the depression. A further re-

Commencing at 5.15 p.m.. at their Sales Room, 4, Duddell Street,

VALUABLE. COLLECTION OF

POSTAGE STAMPS

September, 1934.

On View from Thursday, the 27th

Terms: Cash on Delivery.

LAMMERT BROS..

Auctioneers.

Hong Kong, 24th Sept., 1934.

CHINA FLEET MOVEMENT

Ships Returning From

The North

NEW RELIEFS DUE ON

NOVEMBER 22

hours for instruction.

Flying Squad Instructional Patrol. The next instructional patrol of the Hong Kong Section will take place on Friday, September 28 at 17.30 hours starp at Central Police Sta

from tion. All members will attend: authorities is to the effect that

the Dress White Uniform, Cap with HM. Ships attached to the China White Cover, and Belt with Brace. Station will arrive in Hong Kong

C. CHAMPKIN. Acting, D. S. P. (R.). Hong Kong, Monday, September

24, 1934.

Notification

Naval

from their summer cruise in the north on the following dates (ap- proximately):

H.M.S. Suffolk; October 5; H.M.S.. (Keppell. October 9; H.M.S. Wishart, HMS. Whitehall, HMS. Verity, H.M.S. Wild Swan, October 15; October 16; October. 17;

duction is expected in the next FARMERS' DESPERATE PLIGHT HMS. Adventure, few months.

Industrial conditions continue

to improve; the Dominion govern-

Sandwich,

H.M.S. Folkestone (Continued from Page 1) HM.S. Eagle, October 19; H.M.S. ment's building programme on

October 31; HMS. Some. however, said that the Cumberland, November 18; H.M.S. which forty million dollars will condition of the smaller American Medway and Submarines, November to be spent is gradually getting farmers was desperate enough to 20 H.M.3: Kent, November 28, under way, and it is expected justify the suspension, of the Act H.M.S. Cornwall, December 8: that the new agreement between unless it was modified.

H.M.S. Bridgewater, December 13

H.M.S. Grimsby, the sloop which

the Dominion and the provinces Mr. Wallace said that the con- HM.S. Berwick, December 22. by which the Dominion's contri- ferees felt that certain types of bution to direct relief will be in action would make the Act more is posted to the China Station" as the form of a lump sum dona-workable. tion will ause the provinces and

rellef to H.MLS. Cornflower, which interesting has been given as a training ship

"We have had an

the municipalities to exercise meeting and I think we have ar-to the Hong Kong Naval Volunteer scrutiny on the distribution of rived at constructive solutions," he Force, is expected to arrive, on relief and thus prevent the un-added United Press. per S. E. November. 5. deserving from receiving help Levy and Company. from the public treasury.-Reu-

b.. ter.

Yaumati Ferries, "$21 b. C. Lights (old), $8.60 n. C. Lights (new). $8.20 m. H.K. Electrics, $714 8. Macao Electrics, $25. Sandakan Light, $8 m. Telephone (old), $23.80 b. Telephone (new), $11 b. Chins Buses Sh. 13.20 n. Singapore Tractions, 5/— b. Singapore Pref., 17/9 b.

Industrials.

Cold: Macg. (Pref.), Sh. $20 n. Malabon Sugars, $8.70 a. Cold: Macg. (ord.), Sh. $21 n.

Canton Icea, $2.70 n. Cements, $2.40 g. H.K. Ropes, $3 n.

Stores, ele.

Watsons, $5.60 n. “ Dairy Farms, $21 D.

Der. A. Wings, $1 n. Lane, Crawfords, $4.15 n. Mackintoshs, $21 a. Sinceres, $10 n.

Wm. Powells, 50 cts. D.. Wing On (H.K.) $110 ́n.

Miscellaneous.

***

H.K. Amusements, $4 a.. Entertainments, 1731⁄2 B. S.C. Enterprises, $1.30 n. United Theatres, Sh. $1% n. Macao "Greyhounds,” (2 no Constructions fold). $1.80 n. Constructions (new), 78 eta. HK Govt. 4% Loan 7% prem

H.K. Gort 3% Loan 174

Wallace Harpers, 87% |

CHINESE HOSPITAL IN JAPAN Canton Doctor Files For Licence

SERIOUS FLOODS AT TANGSHAN 100 Houses Collapse

The troopship Somersetshire įs due on November 22 with Naval and Military rellefa.

YOUNG BOMB-THROWER RELEASED

a young

Tsang Kuo-ziang, Chinese recently sent to gaol by

It is reported from Tientsin that the First Special District Court, as the result of recent torrential Shanghai. for throwing a bomb- rain the streets of Tangshan into Chinese restaurant on were four feet under water and Foochow Road, having served his that all means of communica-three months' imprisonment sen- The first hospital to be man- tions were interrupted while part tence, has been released. aged by a Chinese in Japan was forecast in Yokohama with the of the railway tracks was wash- The Foochow Road restaurant filing of an application for a li-ed away. About a hundred old was alleged to have been dealing cence to practice by Dr. Chen Pohouses collapsed.?? :** Fat

In "enemy" goods. hai, former president of thei Kwang Hwa medical college in Canton.

Dr. Chen, who was graduated from an American university in 1924 with an M. D. degree, has been studying at the medical col lege of the Tokyo Imperial Uni- versity since April last year.

Is It Insured? ?

Insurance All Chunnen LOWEST RATES. 2 American Asiatic Underwriters Fed. In USA General Agents⠀⠀⠀

Head Office

17 The Bund

Building

S. E. Levy & Co.

UNDERWRITERS AND DISTRIBUTORS

SECURITIES AND COMMODITIES BOUGHT AND SOLD 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

SACTICE HOUSE STREET, HONG KONG

Tel 80101 and 80108