1934-12-27 — Page 6

BANKS

BONG KONG AND · SHANGHAI

BANKING CORPORATION.

korland Capital o

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

And Fully l'aidrup 40,000,000 Incorporated by Royal Charter,, 1858.

Beserve Funda :---

Site

£6,500,000 $10,000,000

Bears Liability of Proprietor 120,000,000

HEAD OFFICE: HONGKONG,

BOARD OF DIRECTORS,

Hon. Mr. C. Q. B. Mackia

Chairman,

HEAD OFFICE: LONDON

Reserve Liability of Pro-

THE CHINA MAIL, THURSDAY, DECEMBER 27, 1934

Commerce and Finance.

LOCAL DOLLAR ADVANCES

3,000,000 Silver Prices Improve

Paid-up Capitai

Reserve Fund

.£3,000,000 .£3,000,000

prietors

Agencies and Branches:

Alor Star

Rangoo

Amrikeer

Ipak

Hafgoo

Bangkok

Karad

lisistin

Klepe

H. Compton, Laji

K. 5. Morrison, Kag

Bombay

Бо

Calou

Kythe

Lumpur

Caspore Cabu Colpeste

Kuchice

Kadr

kou Ma. H, 1. Disiwell, Deputy Chairsona.

Well, Ralf. Kap.

1771, Karwich, Bag,

4. Kolgas, Eng.

AKDI

STING KUK

JATAVIA BOMBAY

CALCUTTA CANTON CLEFOO COLUMBO

DAIREH

FOOCHOW

MALPHONG

KAMBUIKI

MANKOW

HARBIN

MONGLEW

BOLLO

ПРОН

JOHORE

KOBE

KOWLOON

U. Michio, Esq.

1. E. Pearce, Leg.

V. M. Graybara, Log.

Chief Manager.

BRANCHE

LONDON

.LTUMS

MALACCA

MANILA

HLAB (Jobare)

MUEDEN

NEW YORK

PELPING PENAKU BANGOON

BALON

SAN FRANCISCO

KEALA LUMPUR

BHANGA

LINGAPORE

BURADAYA

БИКНЕТ РАТАНІ

TIESTHIN

TURYU

TSINGTAQ

YOKOHAMA

Current &ccouste speed in Local Churrasey and Fixed Depotica Enceived for one 29 or shorter periods is en: Company, and Burling

berma, which will be quoted on application. Hong Kong, 18th April, 1944.

HONG KONG SAVINGS BANK.

Haiphong [burs

| Baskow

Harbia

| Hong Keef

Sam

Hadan New York

Velplug

(Foktug)

Pieaug

Semarang

Bomba

Shangbal

Siegepers itia was " Bourabay Telping

Tonghan

Tsingta

Tokohama

Zuboanga

Foreign Demangs and Gra! Binking buais

iransestad

Cerres Accousie opened and Pized theposita, rosived for one year or aborter periode at which will be quoted no application.

W. H. E. THOMAS,

Acting Manager. Hong Kong, 20th February, 1994.

SAFETY FIRST : *

To Safeguard. Your Yaluables and Jewelleries.

Deposit them in a Vadis

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

OUR SAFE DEPOSIT VAULT

The local dollar has advanced s opening on demand on: Christmas Eve at 1/8%

Spot and forward silver prices have improved 1/16 closing. at 23- 15/16 and 24-1/16, respectively.

The London on New York groes- rate was quoted at £-U.S.$4.94%. as empared with S-U.S.84.94%

The New York on London rate was quoted at E-U.S.$4.944. un compared with £-U.S.$4.94%.

EXCHANGES.

'TO-DAY'S, QUOTATIONS.

On London-

Located on the Mezzanine Floor of1 Our New building is Specially Con- On Singapore-- structed to provide all of theas Im-

The Business of the shore Bant to conduct-portant Qualities.

by the HONG KONG AND SHANGHAI be Bulas may ANKING CORPORATION. seinad on application.

JOB THE HONG KONG AND BHANOMAT BANKING COBPUBATION

V. V. GRAYBURN,

Chin! Kasper,

Mong Long, th February, 1984.

THE BANK OF EAST ASIA, LTD.

Authorised - Capital

Fold up Capitel

$10,000,000.00

$,995,800.0

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

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

barve and Undivided Profia $2,494,000 THE BANK OF CANTON, LTD.

HEAD OFFICE-DONG KONG

19, the Vaux Bood Central,

BOARD OF DIRECTORS;—

Bir box on Chow, Char

Ken Chan, Esq, P. 2. Ini, Zag, Wang

Ta Teng, Ep.. Chan Ching Bask, Rag. 14.

Sang Kec. Wang Chu. Bon,

and

Kan Tong Fo, Zag.. Chief Manager.

To Yong, Esq., Manaque,

BRANCHES AND AGENCIES 1000

Heibouras

Ephos

Paris

Mantle

-Beattie

Materia

Berang

Nagmanki

Whaoghal

Ker Tock

Baion

Ovaka

Singapor bouraha ya KWAL

Bangood

dony.

fanisin

Ban Francis

Tokyo

Yokohams

Kowloon Londo

Yelping

Paseok

... Saigon

Bray desarpion of Banking and Exchange businen kranaited. Loans graõied as approvesi: Currsa) Accounts pass in Local Currens and Fixed Deposits received for och year

hree pariods in Local and Foreign Curranoles

-

Established: 1312.

Head Offen:-Hong Kong.

Authorized Capital ... $11,000,000

Paid-up Capital

Total Resources

On demand

LOCAL SHARES.

TO-DAY'S QUOTATIONS,

The following in the liat uf local share quotations issued to-day:

Banks.

H.K. Bank $1625 b. and su. *- H.K. Bank (London) £1381⁄2 n Chartered Bank £16 n. Mercantile Bank, A. & B, £82 a. Mercantile Bank C, £131⁄2 n Bank of East Asia. $93 n. Am: 0. Finance Corp., Sh. $20 China O. Fin. Ord., Sh. $1.80 n. China O, Fin. Pref Sh. $42, n. Insurances.

تهم

Canton Ins. $270 b. Union Ins. $510 b... China Underwriters $1.20 b. China Fire Ins. $520 n.. H.K. Fire Ins. $23711⁄2 n. International Assce. Sh. $6 n.

Shipping.

Douglases, 340 3. H.K. Steamboats, $7% n. Indo-Chinas (Prof.), 880 n. Indo-Chinas (Def.), 888 m Shells (Bearer) 44/41⁄2 n. Union Waterboats, $13% n.

Mining.

Antamoks 76 che, sa. Balatoes, $37 n. Baguio Gold 40 cta. n. Benguet Consolidated $18% n. Benguet Exploration 21 eta. . Benguet Goldfield, 20 cts, n. Big Wedge, 10 cts, a.

On T.T. and demand... 1/84 4 months' sight

1/8/2 Credits 4 months' sight'..1/94%

Da Shanghal-

On demand

121

721⁄44-

On Japan:-

Da demand

1452

On India-

On T.T. and demand

112%

On New York--

On demand

41%

Gold Creek 23 cts. n.

Credits 60 days" sight... 4314

Gold Rivers 24 cts. D.

On Batavia-

Ipo Mining 31 ́n.

On demand

6134

On Paris

On demand

635

Kailan 19/-.n.

Credits 4 months' sight

065

On Saigon-

. On demand!..

632

S'hai Loans, Sh. 36 m.

On Manila-

Rauba $10.70 n.

833

Venz; Goldfield $ẽ n.

-109

On demand

8,855,000 On Bangkok- 82,170,492 On demand ...

Branches: Canton, Toishan, Shanghel,

Hanków, Bangkok & San Franco, Sovereigns bank buying rate ..1/9 London Bankers: Lloyds Bank, Ltd, Bar Silver per oz.

Foreign Exchange" and Banking Bar Silver in Hong business of every discription transi Kong... acted,

Copper.. Cash Current Accounts opened and Fixed!) Deposita received for one year or Copper Cents shorter periods as rates which will be Rate of Native Interest

Chinese Sub Coin quoted on, application.

Safe Deposit Boxes (various sis) Hong Kong Sub Coin

tez hire.

LOOK POONG KHAR,

тов

arshich will be quoted on application. AMERICAN EXPRESS COMPANY,

Bale Deposit Boxes To Let.

KAN TONG PO.

Hong Kong at March, 1034.

Chiat Maungur,

THE BANK OF TAIWAN, LTD.

Head Office:Taihoku, Formos, Incorporated in Japan by Special Imperial Charter, 1899. Central Bank of Formosa, Notes

issued Average amount Y.45,000,000

Branches and Agencies. Japan:-Kobe, Osaka, Tokyo, Yoko hama, Keelung, Makong, Nanto, Shoke, Shinchiku, Taichu, Tainan, Taito, Takao, Tamsui, Teen, Karenko, Kagi, Heito, Giran. China:-Amoy, Canton, Foochow, Han-

kow, Shanghai, Swatow. Others: Bombay, Hong Kong, London, New York, Singapore, Batavia, Semarang, Soerabaya, Dairen.

On and after April 20th, 1934, the rate of Interest on Special Current Deposit will be at 1% pa. on dally' balance and the rate for balance over $10,800 will be quoted on applicaticu

Maximum rate-14).

Y. OHNO,

Manager.

Hong Kong Branch

3. Des Voeux Road, Central.

INC.

Head Offer:65, Broadway, New York

Capital

Surplus

Rürves

U.S.$6,000,000.00

2,087,112.69 1,995,528.81

BRANCHES:-

Milan Nos Naples Fireous Paria

41000 Gango

Flayaca

Hamburg

Amstar.c

Athena.

Henise

Berlin

Botohar

Broman

Brussels

Beidelberg Igloriakan Teroestam

Cairo

London

Calcutta

Liverpool

Luoraa

Tugbo

Marolles

Сваты Colombo Copenhagen Dublin Bélnburgh

lorenne довать

Кумт

Mouse Carin

Manila

Ruzich

Palpin Palet ma Notterdam Butun Shangha Bouthampton Blogsport TiButl Termine Vienna Yaaloa Tokohama Zurch

Branches of American Express Com- in Principal cities of United: pany States of America and Canada.

All classes of Commercial Banking Transactions undertaken.

Paraonal investment accounts

THE YOKOHAMA SPECIE BANK handled.

LIMITED.

Established 1880

Capital (fully paid-up) Yen 100,000,000 Yen.194.250.000

Reserve Fund

Bend Office:-YOKOHAMA

Branches, and Agencies at:

Alexandria

Bstavik

Berlin

Calcatta

Canton.

Dairen (Dalny)

Bombay

Nagunaki Nagoya New York Osaka

Paris

Pelping

Rangoon

Fengden (Marden) Rio de Janeiro

Hamburg

Hankow Harbin

Hong Kong

Honolula Halaking Karachi

Xebe

London

Los Angele

Mazila

Moji

San Francisco Seattle Semarang Shanghai

Sonrabaya Sydney

Singapore

Tientsin Tokyo Tsingtau Yingkow

Interest shewed on Uzrent As-

23-15/16

nom. ....nominal

·1% prem. 3%, pa..

27. dis. ...-,par.

U.S. AUTOMOBILE INDUSTRY

Registrations Best Since 1930

STEEL ORDERS HIGHEST *SINCE JUNE

SPECIAL TO CHINA MAIL... (By Telegraph, Copyright, Telegra phie Messages Ordinance, 1891, Be ceived December 27, 10.50 a.m.)· ·.

New York, to-day. The "iconage" states that steel orders from the automobile industry are the highest since June.

Automobile registrations exceed those of the previous for the first time since 1930.-United Press, per S. E. Levy and Company.

THE CHINA & SOUTH SEA BANE, LIMITED

(Incorporated in China)` Fend Office .Shanghai Capital .$7,500,000.00 Reserve

$1,500,000.00 Branches ....All Important Cities| The Company offers to intending

in China. Travellers the use of its "Travelers Foreign Exchange and General Cheques" and Letters of Credit and, Banking Business_transacted.

addition, the world-wide services Current and Saving Accounts opened its thoroughly equipped Travel De-and Fixed Deposita received for one yedr or shorter periods at rates which will be quoted on application.

SOU Z. CHANG,

Manager. HONG KONG BRANCH: 24, Des Voeux Road, Central, Manager's Office ..Tel. 38565 Foreign Exchange Dept,

33566 General Office

*88507 Cashier's Office

33569

partment.

E. W. DUGGAN,

Manager.

THE WING ON BANK, LTD. TONG KONG

Authorised Capital, $10,000,000

THE SHANGHAI COMMERCIAL

Foreign Exchange and Banking & SAVINGS BANK LIMITED, Business of every description, traniseti ||| „** ed. Mo

(Incorporated in China)

Current Accounts opened, Special Capital paid up....35,000,000.- Deposits received atˇspecial rates, and

Reserves

*****$7,000,000. Fixed Deposits received for one year Capital Bavings Dept. $500,000. or shorter period at fates which will Reserve Savings Dept. $600,000. be quoted on application.).

Bafe Deposit Boxes (various assa) Head Office Shanghal

for hire

PHILIP GOCKCHIN More Chief, Manager, Decosita received for Azad: periods 1. GOCKOHIN Easter to be obtained on application Assistant Hausger

Manager.

·LI: SHU FONG: Assistant. Manager.

Hong Kong, 11th September, 1834.

A Bank having as its mission the Industrial development of China and the fostering of her commeri cial relations abroad. My inte Hong Kong ollesi? Kes Hosao Bt. A Phone 31481-3-3-

Itogans 10 ct. n.

Salacota 16 cts. n.

Langkata (Single). Sh. $15 n. S'hai Exploration Sh. 6 n.

Docks, etc.

New York Trade Reports

Automobile Output Increased

RAILROADS SHOW BROP IN NETT INCOME

SPECIAL TO CHINA MAIL. - (By Telegraph, Copyright, Telegra phic Afoaiages Ordinance, 1891. Re ceived December 27, 11.30 a.m.).

THOMAS CALLS .CONFERENCE

Attempts To Secure One Objective

1

SPECIAL TO CHINA MAIL...

NEW ADVERTISEMENTS

H

G

R

NOTICE.

ARMS LICENCES

OLDERS of ARMS. LICENCES Are reminded that Arms

(By Telegraph, Copyright, Telegra-{Licences are due for renewal on 1st phia Messages Ordinance, 1895, B-January, 1995 (Fee $10.00 per |esived Deceviber 27, 11.30 a.m.)

licence).

New York, To-day.

Licensees should call ati » Washington, To-day. '. Traders principally occupy side-

the Accounts Office, Police Head- Senator Elmer. Thomas of quarters between the hours of 9 a.m. Ines, awaiting President Roose- velt's congressional message Oklahoma has called a conference and 1 p.m. daily (Sundays and January 4

here for January 16 for the pur-Public Holidays excepted), with Favourable factors are that aurpose of solidifying behind ajtheir arms and licences.

is 34,297, single objective all the groups utomobile production

T. H. KING, against 24,801 for last week and who are seeking a higher price

Inspector General of Police.. 18,008 for the corresponding week level and greater currency circu Hong Kong, 27th Dec, 1934, of last year, and that Youngstownflation through controlled infla District steel operations are, by tion United Press, per. S E. 44 per cent, the highest for this Levy and Company. perlod since, 1929.

H.K. Wharven $110 b., $1123⁄4% 8.,

$ill sa.

H.K. Docks, $12% n.

• Providents (old) :$1.40 ̧n.

Providents (new), 50 ctɛ. §. Hongkewa, Sh. $909 m.

Was

An unfavourable factor that 11 railroads show a nett oper- eting income

for November of SATISFACTORY $13,230,000, as against $15,924, 000 for last year.-United Press, per S. E. Levy and Company.

S. E. Levy And Company's Report In their market report, Messrs. S: E. Levy and Company, corres- pondents for Messrs. White. Weld and Company, New York state:

"Stocks:-Continuing and of the year adjustments suggest further] irregularity to-morrow. Business done:-1,050,000 shares.

PROGRESS MADE

PUBLIC AUCTION

THE

HE undersigned have received instructions to sell. by Pubile

Auction

ON

BY CHINA LIGHT Friday the 28th., December 1934

(Continued from Paga 9)

Small House Acquired During the year we acquired a small house on Humphreys Avenue, and adapted it to our needs as a

office and showroom.

Development of our New Terri- tories undertaking continues, and the results may be considered satis- factory.

"Bonds: U. S. Government Sub Station and a Cash-Collecting Bonds were quiet. high grade bonds were unchanged and second grade bonds were easier.

"Graina-Sub-zero weather important séctions in stimulating buying. Grains for feeding pur- (Continued on Page: 11.)

in

After making the usual transfer of-$60,000 to Reserve re-General Managers' Rights and an additional

NEW YORK STOCK transfer this year of $104,935.01; we

EXCHANGE

S. E. Levy And Co. And A.O.F.C. Quotations

commencing at 5.15 p.m. at their Sales Room

Duddell Street

A COLLECTION OF POSTAGE- STAMPS Terms: Cash on delivery

LAMMERT BROS.,

Auctioneers.

Hong Kong, December 27, 1934.

SUGGESTION FOR PARLIAMENT

They Manage Things Better In China

have a sum of $785,815.16 (includ-

General Han Fu-chu, chair- ing $169,466.75 brought forward) available for distribution. We re-man of Shangtung province, is commend the payment of a dividend showing how advantageous it is of 45 cents per share on the "Old" to be the blunt soldier at times. Shares and proportionately on the He has just put into effect a new "New" Shares, leaving about $101,decree ordering all superfluous. utterances of officials in official The following quotations from New 496.59 to be carried forward.

announcements to be cut out and York have been received by Messrs.

Shareholders will agree with me only the simplest and most S. E. Levy and the American Oriental that we owe a great deal to, the

straightforward" Finance Corporation.

gentences and loyalty, industry and efficiency of phraseology be used hereafter. or staff, without which such re- How necessary and real this suits could not be attained.

• piece of reform is can be judged: I now put the following formal in the abatement published in 'con Tresolution to the Meeting:- nection with the promulgation of

don ....

New Engineerings, Sh. $5% n. N. Y.Lon S'hai Dooks, Sh. $120 a.

Cotton Mills.

Ewo Cottons Sh. $9 n.. S'hai Cotton (old) 874 n. S'hai Cottons (new) $44% n. Zoong Sings, Sh. $9.40 n. 'Wing On Textiles, Sh. $65 n.

Lands, Hotels, etc. H.K. and S. Hotels $5.05 n... H.K. Lands Sid b.

H.K. Lands 4% Debentures 99%%

b.

Shanghai Lands Sh. 824% m. Metropolitan Lands Sh. $12.20 n. Humphreys $94.

H.K. Realties 36,90 n.

Asia Realties “A”: Sh. $100 n, Asia Realties "B" Sh.$20 n. Chinese Estates $88 n. : China Realfles, Sh. $121⁄4 n. China Debentures Sh. $128 n. Public Utilities

H.K. Tramwaym: $20,10 b. ....... Peak Trams (old)-312 n. Peak Trams (new), $7 n. Star Ferries, $98 b. Yaumati Ferries: $98 b.

C. Light (old) $10. 40 n. C. Light (new) $10.15 n. H.K.: Electrics $711⁄2 b,

sa. 7

Lalt close. 10.10. 11.00 2.043 4.04% 4.944

.12.03 12.62 --12:59 ...12,71・・ 12.70

NY. Cotton

·Mar.

July

M. Silver-

Mar. ... May

12.70

54.10 b 54.00 b 54.00 ..54.60 n 64.50 b 54.50

N. Y. Silk-

May. 1,33

N. Y. Rubber-

Mar.

That the report and accounts for thee order that it is expected bthe financial year ended September that official announcements will 30, 1934, as presented to this meet-be shortened by as much as

ing be adopted and passed, that a eighty per cent.

dividend of 45 cents per share on

the shares allotted prior to October

1, 1933, and proportionately on the QUEER PROFESSION shares allotted subsequently to that

date be declared in respect of the financial year ended September 30, 89% 1934, and that the undivided profits

Swallowing Dubious

Eggs For A Living

There was once an oyster bar

of the Company (after the transfer of a sum of $164,935.01 to Reserve re-General Managers' Rights) less attendant, who would wax indig- -37% auch Dividend, be carried forward nant when accused of serving a to Profit and Loss Account for the bad oyster. His classic reply. was to take the suspected mol- financial year 1934/35.

1:32

13.09

13.06

13.08

July

..13.4 a 1346,

13.46

C. Wheat-

May

99% July,... 93%

1.00%

. 94

C. Cörn-

May

W. Wheat-

May....

88

*83

Market closed

STOCKS

Amer Amelt-

ing

37

Auburn

25

25,

25

Con GES

N. Y.

19% 10%

19

Du Pont..

94%

95%

95

Flee Bond &

Share

6%

6%

6

General Mo-

tors

32%

32%

32%

Int Tel &

Tel

84

8%.

Loow's Ine.

34

3%

34

29

2844

2814

Nat Distil

lers

28%

2872

NY. Central 20

2014

2914 20

41% 37

37%

| Montgomery

Ward

Standard Oil N. J..... JU. S. Steel.

luse and, with a fine air of digni- 1. Mr. Felix A. Joseph seconded the tv, declare, "Sir, I never serve a motion, which was unanimously bad oyster," and prove his words passed.

ac-

by.swallowing it. Mr. T. M. Mitchell' proposed the

Geneva's market women re-election of Sir Elly. Kadoorie,hieve the same end, but they do 34 KB.E, and the Hon. Mr. J. P. Braga it, by députy, Tell one of them to the Board of Directors. This that an egg is not fresh and she was seconded by Mr. H. J. M. dejwill, in a sense, make you eat Figueiredo,

your words. Having broken the The re-election of Messra. Lowe, shell and poured the contents in- Bingham and Matthews and Messrs. to a cup she will give & shrill Linstead and Davis for the ensuing whistle. It is a signal to an of 37% year at a remuneration of $1,800|ficial swallower, who promptly each, was proposed by Mr. A. Nis makes his appearance and dis- sim and seconded by Mr. F. Ellis. poses of the egg in a single gulp. 1. Dividend Warrants may be ob- He makes his living that way tained on application at the Head and, so far as most would be con- Office on and after January 7, 1935. cerned, he is welcome to it.

41%

RAW RUBBER PRICES

Macao Electrics, $26 m. : Sandakan Lights $8 nit Telephone. (old) $24% n. Telephone (new) $10.70 b. China Buses, Shf $12.40 n. Singapore' Tractions 4/8 b. Singapore Fref: $17/9 n.

Industrials Malabon Sugars, 28.70 n.". Cald; Macg. (Ord,), Sh. $20-p. Mesars. Benjamin & Potts you- —~Gald:-Macg-(Pref.) Sh$194 n-terday received the following

Canton Ices $2.85 4.

Cements $2.80 n H.K. Ropes $4.10 n.

Stores, etc. Dairy Farms $24 1. Watsons $5`n

Lane, Crawfords $8.75 n. Mackintoshs, $21 n.. Sinceres $3 n.

Wm. Powells, 70 eta, n. Wing On (H.K.) $105 1.

Miscellaneous.

H.K. Amusements," $2% n. Entertainments, $7% 1. S.C. Enterprises, $1 ba Maczo "Greyhounds," (2 n. Constructions (old) $2. Constructions (new) 70 cts. b. Vibro-Piling $6.60 ng

Ch. Govt. 5% 1925 G#Bds.—92%

HK Gort 4% Loan Ef prom b H.K. Govt. 3% - Loan

Wallace Harpers 87% -n.

Latest Quotations From Singapore

Straits currency quotations (buy- ers) from Singapore for Raw Rub- There

Jan.-March 21 % up April-June 29% Unchanged.

Market--Nominal.

As It Insured? ?

Insurance—All Classes LOWEST RATES American Asiatic Underwriters Fed Inc, USA. General Agents

Head Office ****** 17, The Band

Shanghal

H. K. Office Aria Life Building Tel: 30234

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 CANADIAN COMMODITY EXCHANGE, ING.

CORRESPONDENTS FOR

WHITE, WELD & CO. NEW YORK

7 ICE HOUSE STREET, HONG KONG

Tel. 80101 and 80108

Tel Address: Selco