1934-12-24 — Page 6

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION.

Aikolaed Capital

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA,

$40,000,000

losed and Fully Fald-up 20,000,000 Incorporated by Royal Charter, 1858.

Beria Faade:-

Ballgament

£1,500,000

Biver D,000,000

Here Isability of Fropriators

$20,000,908

HEAD OFFICE: HONDRONG. •

BOARD OF DIRECTORS, loo. He, d. 8. Muokia Chairman,

Hon Mr. S. 1. well. Deputy Chalmaz.

6. Nails, Em.

HEAD OFFICE: LONDON

Paid-up Capital

V. M. Graybar, kay

Chisi Huanger.

BBANCHES-

LONDON LYONE

Canton

Sarbin

Yank

THE CHINA MAIL, MONDAY, DECEMBER 24, 1934

COMMERCE AND

CHILDREN'S CHRISTMAS COMPETITION.

CHURCHES

TO-DAY'S SERVICES.

ST. JOHN'S CATHEDRAL

HONG KONG

Christmas Eve, Dec. 24

5.80 p.m.-Choral Evensong with. preparation for Communion.

Christmas Day, Dec. 25

6.15 am-Holy Communion.. 7.00

8.00

8.00 ++

FINANCE

1

EXCHANGES.

TO-DAY'S QUOTATIONS.

.£8,000,000

Reserve Fand

.£3,000,000 On London-

Reserve Liability of Pro-

prietors

On T.T. and demand

1/84

..£8,000,000

4 months' sight..

1/854

Agencies and Branches:

Credits 4 months' sight

1/9

Alor Elar

·Ilotle

Amrita

Bangoon Falzco

Dr Shanghai-

Bangkok

Kirsehi

Sem

athle

Beremban

On demand

121

W, 1. Hell. Eimp

B. Compton, hug.

B. B. Moran, Kog.

Bombin

Kola

Hangbe!

.J. Karwick, Eaq.

7. E. Pearce, Eng.

Calcutta

Singapore

On Singapore-n

@0. Knight, Eng.

Esrajo bu

Lanspar Kusting

Sitiawan

On demand

71%

I

Bourabaya

Mademu

Talpiak

On Japan:-

Colocabe

Mars

Theclic

Dalki

Medad

Tongkah

On demand

144

Hulpkava

Now Yark

(Bouker)

Hansborg

Priping

Talento

On India..

Hankow

(Pekin)

Yokohama

On.T.T, and demand

112

Zamboang

On New York-

On demand

41%

Credits 60 days' sight

.... 43

10.00 10.00

1.

On. demand

61%

On l'aris

. On demand

6321⁄2

Credits 4 months' sight.. 6621⁄2

On Salgen-

On demand

63%

Joe E. Brown, star of the First National picture, "The Circus Clown," la shown among the world. famous circus clowns who participated in the Aiming of the unique comedy of circun life which opens at the Alhambra Theatre on Xmas Day. Joe E. has circus in his blood, and can clown with the best. "Kinko," They are He is here, but can you find, him? Look over this group of famous clowns,

Bill Bernie. Griggs, Jack MacAllie Mickie MacDonald, Joe E. Brown, Carley Phillips, Pat Kling. Kling, Milt Taylor and other meraymakers of the tanbank circle. The first 10 readers who correct.. ly identify Joe E. Brown will be presented with two tickets to "The Circus Clown."-

།" "

11.00

On demand

83%

On Bangkok

SHARE MARKET

On demand

109%

Sovereigns bank buying rate 1/8%

Bar Silver per oz.

23%

Bar Silver in Hong

Kong

dom.

nom.

Copper Cents

ANGY ЗАКСКОЕ BATAVIA MOSDAY DALCUTTA BANKIN СПЕРОВ COLOMBO

DAIKEN

РОСНИЯ

HAIPHONO HAMBUNG MANKOW

I

MALACCA

MANILA

Man (Jobore)

MUKDEN

NEW YORK

PEIPING

PENAKO

BANGOON

HAIBUN

BAN FRANCISCO

KUALA LUMPUR

HARBIN

БИЛНОНАТ

BONUKRW

SINGAPORE

EQURABAYA

-1

DOB

JOHURR

TIENTSIN...

ROBE

IOWLUON

ILOILO

BUNGES PATAMÍ”

TOKYO

THINGTAO YOBOHAMA

Ourreal Accouple opened in Local Ouren

Fixed Dapunite scelted for one, yes? DE shorter periode in Local Company and Berling terms which will be grated on application. Hany Krug, 13th Syrii, 1994.

Toral Exchange and Cezaral Banking boness

Curreal boots opened and Visad Daponita royed for one year or shorter perioda atʼruten: whlok will be quoted on application.

W. H. E. THOMAS,

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

SAFETY FIRST 1. To Safeguard Your Valuables and Jewelleries.

+

Deposit them in a Vault

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

OUR SAFE DEPOSIT VAULT

HONG KONG SAVINGS BANK. Jented on the Mezzanine Floor of

The Eurianes of the above Bank le condust: by HONG KONG AND SHANGHAI

ANKING CORPORATION,

teised an application.

Bules may b

FOR THE HOKO KONG AND BHANGHAI

BANKING CORPORATION

V. V. OBITBUEN,

Chief Manager.

Hong Kaug. 26th February, 1964,

THE BANK OF EAST ASIA, LTD.

shared Capital

Fold-up Capila

10,00,000,00 $8,390 son,bu

Serie and Undivided Problem$1,44,000.00

HELD OFFIOR:-HONG KONG

11, De Your Rosé Castral.

BOARD OF DIRECTORS—

Sir Show-son Chon, Cheras,

11 Hoa Chun, EM, PK KE...

Woog

Tea Tong, Xag, Chin Ching. Shet, Zag, Ld Lan Sang Reg., Wong Chu Bos, Lag, su Kia Ting

Pag.

Boy

Batavia

Kan Tong Po, Esq. Uklat Manngor, LIT You. Esq., Masagot.

Bombay

Baston Malpkong Hankow

Labe Telcom

London

BRANCHES AND AGENCIES:-

Manila Belbourne Kaymak Han York

Paria

Paiping

Sextile - Bomars

Singapore

COURTE Ebow byebtr

Peasa

Tally

Rangoon

Saigon

Tentsia Tokya

San Francis

Yakahama

.

Kraty description Banking and Ezikanga Beloved Bransected. Los granted an approved, securities.

Durrant &ccount opened in Local Care and Fised Deposite resolvad for on you serier periods in Local and Foralga Currencies

terms which will be quoted on application. Bata Depois Does To

KAN TORO PO,

Chit Mangur. Rose Sopriul Harch, 1934.

THE BANK OF TAIWAN, LTD.

Head Offee-Talboku, Formosa, Incorporated in Japan by Special Imperial Charter, 1899,

Central Bank of Formosa, Notes

Our New building is Specially Con- tracted to provide all of these Im- portant Qualities.

On Hatavia.......

On Manila-

Copper Cash

1% prem.

You may obtain a Safe Deposit Rate of Native Interest 3% pa. 27% dis. Box in this most up-to-date Vault for Chinese Sub. Coin

your own use at a very moderate Ren-Hong Kong Sub Coin.......par.

tal

Inspection Cordially Invited."

THE NATIONAL COMMERCIAL

& SAVINGS BANK, LTD. Corner of Ice House Street anë Des Voeux Road, Central

THE BANK OF CANTON, LTD.

Established 1912.

Authorised Capitai

|Paid-up Capital

H. K. Stock Exchange Officia!! Summary issued at 12.30 p.m. on Saturday, December 22:--

Apart from a few H. K. Banks: and China Fires the former of which were placed at $1,622/1,625 and the latter at $520 the marketi was quiet. At the close it was re- ported that deals in Telephones had been put through slightly under $25 and Hotels at $5.05.

H. K. Banks $1620 b.

U.S. UNEMPLOYMENT Union Insurances $500 b.

INCREASE

Private Industry Unreliable

res-

Head Office-Hong Kong.

SPECIAL TO CHINA MAIL.. $11,000,000

The American Federation of La- 8,655,000 bour is said to have drafted a pro- Total Resources

82,170,499

gramme which includes the Branches: Canton, Tolshan, Shanghai, toration of federal salaries to the Hankow, Bangkok & San Francisco.

ia London Bankers: Lloyds Bank, Ltd., full pre-depression level. It

Foreign Exchange and Bankdag also said that, October unemploy business of every discription transed figure were 10,071,000, compar acted.

Current Accounts opened and Fixed ed with 10,122,000 in October of Deposits recetrod for one year or last year, and that the number of shorter periods at rates which will be those in receipt of relief had in- quoted on application.

Safe Deposit Boxes (various sizes) creased by 5,000,000 during the

for hire.

LOOK FOOKO GHAN,

Chiat Manager.

་

outlook is

year. "The spring hardly better said one official.

"We cannot count on private In dustry to find productive work for the unemployed in the near fu AMERICAN EXPRESS COMPANY. ture." Simultaneously Miss Fran-

THE

INC.

Head Offco:-65, Broadway, New York

Capital Surplus Reserves

sued Average amount Y.45,000,000

Branches and Agencies. Japan-Kobe, Osaka, Tokyo, Yoko-

hama, Keelung, Makong, Nanto, Aman Shoka, Shinchiku, Taichu, Tainan, Taito, Takao, Tamsul, Toen, Karenko, Kagi, Heito, Giran.

China: Amoy, Canton, Foochon, Han-

kow, Shanghai, Swałow. Others:-Bombay, Hong Kong, London, Batavia, Singapore, New York, Samarang, Soerabaya, Dairen, On and after April 20th, 1984, tha rate of Interest on Special Current Deposit will be at 14% pa, on daily! balance and the rate for balance over $10,000 will be quoted on application

Maximum_rate=1).

Hong Kong Branch

Y. OHNO,

Manager,

3, Des Voeux Road, Central.

‚U.8.$8,000,000.00 2,087,112.39 1,995,528,31

BRANCHES

Haplos Piriaus Paris

Ámuler Antwerp Atbesa

Babos Clang

Milan

Nice

20

Beaine

Berli

Bombay Inman

Bressais

Guire

Hamborg Harro Raidalberg Interlaken Jerusalem London

Calcutta

Iverpool

CANDIN Colombo

Lucerne Luana

Karallise

Середа Lysbr Dubin Edinburg's Florance Banera

Konte Carl Manila

Munich

Montreat

Tolpia Palermo Betterdam Далие Shangha

Southampton

Bingapor Tiental

Taormina

CATHA

Vanica Yokohama Zurich

Branches of American Express Com

ces Perkins reported that Novem- ber factory employment bad de creased 1.9 from October.-United Press, per S. E. Levy and Com- pany.

RECAPITALISATION PLAN OPPOSED

New

Underwriters $1.15 b. China Fires $510 b. Douglases $140 8. Wharves $110 b., $1124 s.' H. K. Trams $20 b. Star Ferries $98 b. Electrica $71%1⁄2 b., 871% sa. Telephones (Old) $25 sa. Telephones (New) $10.60 b. Singapore Tractions 4/3 b. Canton Ices $2,85 b.

H. K. Ropes $4.10 8. Constructions (New) 75 cts. Govt. 4%. Loan 8% Prem. b. Govt. 3% Loan 2% Prem,

MANCHESTER MARKET POPULAR CRUISES

REPORT

General Tendency Optimistic

CHINESE SECTION DULL

Manchester, November 21. With the exception of Egyptian quotations, which have hardened further, there. has been practically no alteration in prices during the past week. The general tendency

Cunard Establishes Record

Since last March seven of the Cunard White Star vessels, have completed a programmes of 47 cruises during which they have

17

(Choral)..:

at the Peak Church, Children's Service. Children's Service Chapel of the Resur rection, Happy Valley. Mattins and Sermon, Preacher, The Dean. 12:15 p.m.-Holy Communion. December 26th:-St. Stephen's Day, 10.15 s.m. Holy Communion.*/

Dec. 27:--St. John's Day, 7.45 a.m. Holy Communion.

Dec. 28th-Holy Innocents' Day, 7.45 am. Holy Communion,

carried the record number of s It Insured? ? over 30,000 passengers.

LONDON'S TRAFFIC LIGHTS

London traffic control has un-

concen-

Insurance — All Classes LOWEST RATES.

American Asiatic Underwriters

Fed, Inc., U.S.A. General Agents

Head Office

in the market remains optimistic der-gone gradual transformation for the future, and there is still a through the steady extension of moderate volume of business offer- the traffic lights system. Two years ago only thirty such in- ing from most centres.

The Fossick Bureau in its weekly stallations were in operation and 17, The Bund report in the United States is of eighteen of these were

trated in Oxford Street. Now Shanghaf the opinion that the autumn season the number within the Metropo has favoured boll weevils and an unusually severe winter appears to litan area is approximately 370. be necessary to check spring emerg- ence. Private estimates of the ginning report due to-day indicate A material falling off, but the week- by grade and staple, report shows a tenderable percentage of 30 per cont.

WALL STREET SEES HIGHER PRICES

b.

Neville Chamberlain's Worrying Statement

PRE-HOLIDAY DULLNESS

Although more, turnover has cer- tainly been done these last few days most makers report that such low prices have been taken that they will show Httle if any profit on the whole business. Of the Indian

outlets, the chief interest has been for light goods, and it is generally felt that there is a moderate trade pending. Several lots of dhooties SPECIAL TO CHINA MAIL.

New York, Saturday. and fac mulls have been done for Brokers expect pre-holiday dull-Calcutta, whilet, Bombay, Karachi ness to-day and on Monday, never and Madras have also taken the theness, they anticipate higher light fancy styles. Some of the prices before the New Year. Fav-larger dred satin and pongee styles ourable factors are: That carload-have also been, in demand for the ings advanced, as against their up-country markets, and in many usual seasonal drop; that Dow instances business has resuited.

L

York. Saturday.-Messrs. J. G. Harbord and David, Sarnoff, Jones' index la the highest since

Odd Lots To China- June 30; that the department of president and vice-presideat, res-: pectively, of the Radio Corpora- Labour reported the value of No-

14.6 Small lines of fancy popliné and vember building permits as tion, have issued a statement to

below October, but 19 brocades have been under negotia- the effect that the directors and per cent.

tion for Chind, but only odd lots officers of the Corporation voted per cent. above last year.

An unfavourable factor is that have been sold.. The offtake of and voiles for unanimously against any recapit- alisation plan at present. United Mr. Neville, Chamberlain, British cambrics, mulls

Chancellor of the Exchequer, sald Rangoon and Singapore has shown Press, per S. E. Levy and Com-

that Britain did not intend any some improvement, whilst Ceylon is pany.

immediate stabilisation of ster]-still maintaining her renewed inter- Ing in reference to the dollar-jest in her own special styles. United Press, per S. E. Levy and

pany in Principal elites of United THE CHINA & SOUTH SEA BANK, Company. States of América and Canada.

All classes of Commercial Banking Transactions undertaken.

THE YOKOHAMA SPECIE BANK Personal investment accounts

LIMITED.

Katablished 1880. Capital (fully paid-up) Ten.100,000,000 Reserve Fund..... Yen.124,250,000

Head Office:-YOKOHAMA

Branches and Agencies at: Alexandria

Batavin

Berlin

Bombay

Calcutta

Canton

Dairen (Dalny)

Nagasaki Nagoya New York Daska Paris Peiping Rangoon Fengtien (Makden) Rio de Janeiro

Bamburg

Hankow

Harbin

Hồng Kong.

Honolulu

Hainking

Los Angeles

Manila

Moft.

San Francisco. Seattle Semarang

Shanghai

<Singapore Sourabaya

Tokyo

Tingkow

Tsingtan

Interest level on Current Ac

handled.

甫

LIMITED

(Incorporated, in China)

Head Office...Shanghai Capital Reserve

$7,500,000,00 $1,500,000.00

in China

and

INDUSTRIAL · ́EMPLOYMENT· DECLINES IN AMERICA

and

South American business is re- ported to be very satisfactory:| Further contracts have been placed for Warp Satins, split printers, and dyed goods, whilst the general im pression is that demand will tend The to broaden still further. New York, Saturday. The La- Scandinavian countries have bought Branches All Important Cities bour department has reported that fairly steadily principally finishing

November. industrial employment cloths, dyed piece goods The Company offers to intending Travallers, the ake of its "Travelers Foreign Exchange

General declined seasonally by 86,000, specialities. Cheques and Letters of Credit and, Banking Business transacted.

addition, the world-wide services Current and Saving Accounts opened while payrolls declined by 88,915,- its thoroughly equipped Travel De-and Fixed Deposits received for one! 000, due to the suspension of Pu partment.

year or shorter periods at rates which blic will be quoted on application.

BOU Z. CHANG,

Manager. HONG KONG BRANCH:. *24, Des Voeux Road, Central, Manager's Office ... Tel. 83565 Foreign Exchange Dept. 33566 General Office

23567 88569 Canhler's Office

}

E. W. DUGGAN,

Manager

THE WING ON BANK, LTD. HONG KONG

Authorised Capital: $10,000,000 Forolga Exchange and Banking Business of every description transact- led.

Current Accounts opened, Special Deposits received at special rates, and Fixed Deposits received for one year or shorter period at rates which will be quoted on application. BEN Safe Deposit Boxes (various sizes) for nire, og

PHILIP GOCKCHIN, Chief Manager

Deposita recetted for fixed periods Bates to be obtained on application L. GOCKCHIN

O KISHINAMIType Assistant Manager Hong Kong 11th September, 1934.?!

!! LI SHU FONG

Aulitant MuÌímPOT.

п

THE SHANGHAI, COMMERCIAL & SAVINGS BANK LIMITED.

Incorporated in China) Capital paid up $5,000,000, Reserves....... 57,050,000, Capital Savings Dept.: $500,000. Reserve Savings Dept. $800,000. KA Head Office-Shangbal gai A Bank having as its mission the Industrial development of China and the fostering of her com MBP", cial relations abroad DRA Hour Kong office-7 Ice House BL Phone 81481.23

Works

projects. United

Press, per S. E. Levy and Com- DOLE SUGGESTION AS RELIEF

pany.

NEWSPRINT EXPORT

TO FAR EAST

Ottawa, Canada. Exports of Canadian newsprint

AID DENIED

New York, Saturday. The con- ference of business leaders deny that they advocated dole as a me-1 thod for reliefig

President Roosevelt intends to

INFLATIONARY BOOM?

to the Far East invs been rapidly study their recommendations over expanding during the present year, the week-end--United Press, per For the first ten months of 1934 S. E. Levy and Company. exports to Japan were 891.588 cwt |valued at $1,265.227 compared with 528,711 ewt ($625,531): to Hong Kong 41805 ext. (878,100) có pared with 10,262 cwt. valued at

New York, 'Saturday Mr. Org $20,642 in the 1939 period. To Korea only were exports, reduced, den Mills has predicted an ine the figure for the 1984 period being vitable inflationary boom due b only 1,126 cut. Compared with an unbalanced budget and a grow. 65,919 cwt in the first ten months ng publle debt-United Press, Lof 1938.

per S. E. Levy and Company.

to

T,

***H, K. Offer

Asia Life Building

Tel. 30234

THE WING ON CO., LTD.

Hong Kong's Largest Department Store

BUSINESS HOURS

FOR

TO-DAY XMAS EVE:

9 A.M. till 10 P.M.

XMAS

HOLIDAY

THE STORE WILL CLOSE TO BUSINESS

ON XMAS DAY

BUSINESS WILL BE RESUMED AS USUAL ON DEC. 26.

SEND THEM

FLOWERS

AND SOLVE THE GIFT PROBLEM

THE CLOVER FLOWER SHOP

Gloucester Arcade

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, ING. CHICAGO BOARD OF TRADE «CANADIAN COMMODITY EXORANGE, INC.

CORRESPONDENTS FOR

WHITE, WELD & CO. NEW YORK

7 ICE HOUSE STREET, HONG KONG

Tel 60101 and 30103

Tair Addresst Balco