1934-12-28 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Katheriand Capital $58,000,000

ed and Fully Fald-up 20,000

Mera Yunda 4-

Burling

£ 1,580,000 $10,000,000

Banerva, Liability of Propristnes.....$2,900,000

BEAD OFFICE: HONGKONG.

DOAHO OF DIRECTOBR.

flou. Mr. D. 0, 8, Mnchận

Chalctua

flon Str. Nit. [»]. Deputy Chalicet.

(W. 33. Hell, Hop

1. B. Compson, Eg,

Koawich, Eng.

V. M.

10. Kaight, Loy.

AMOX MANGKOK

BATAVIA

BOMBAY

CALCUTTA

4. Mankin, Kaq.

K. 5. Morrison, Fay,

T. E. Pantes, Eng.

Orayban, key.

Chief Manager.

BRANCHES :-

LAINDON

LYOKE

MALACUA MANILA

MUAR (Jobare)

PEIPING

PENAND

CANTON

MUKDEN

QUEFOO

NEW YORK

COLOMBO

DALBEN

FoodRow

RAIPHONG

BAIOON

HAKBCG

BAN FRANCISCO

MANKOW

BALBIN

MONGEEW

10:10

7

D2011

·JOUDBE

KOLE

KOWLOON

BANDOON

KUALA LUMP

SHARDHA

SINGAPULE

HARAYA

SUNUE PATAHI

TIENTSIN

TOKYO

TRINGTAQ

YURDHAMA

Current Account opened to Local Currie End Mixed Deponia Fecared for one je or alories periode in Local Company and Sterling in berme which will be quoted on application. Boca Kong, 181b April, 1954,

HONG KONG SAVINGS BANK.

The Business of the above Bank le conduct

by the HONG KUNU, AND SHANGHAI WANKING CORPORATION. Buy be wereined on application.

FOR THE HONG KONG AND SHANDWAL SANKING CORPORATION

Y.. ORAYBURN,

Chief Yaraget.

Hong Kong, Wh February, 1984.

THE BANK OF EAST ASIA, LTD.

Baharland Opi

-up Captial

Amera and Undivided Profile

10,000,000.00

HEAD OFFICE: HONG KONG

.

1, Dee You Bond Central.

BOARD OF DIRECTORS

Bu Shou-son. Chow, Chairman,

5.898 G.194

2,194,000.00

Keen Chat, Esq., F. I. Kwok, Esq., Wong

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1953. head office: LONDON

Reserve Fund

Paid-up Capital,

Reserve Liability of Pro

prietors

.£8,000,000 £3,000,000

..£3,000,000

Agencles and Branches:

Alor Bur

11otto

TABOOG

Ipok

1

Bougho

Karachi Klang Kebe

Balgo Exmariag

Beremban

haoghal

↑ Colectia

Kunin

Singapore

Celob

Lumpur

Cawnpore

Kuohin

Sitisa Bourabaya

Oahu

Aadres

Taiping

Colorabe

Manila

Modad

New York

Hamburg Hankow

Palping

(F)

Harbin

Batavia

Bobay

Daiki

Haiphong

| Hong Ror.

TIDADE

Tassels Toog VAM

(buker? Taing:co

Yokobaras

Zatoboanga

THE CHINA MAIL, FRIDAY, DECEMBER 28, 1934

Commerce and Finance..

LOCAL DOLLAR STEADY

Silver Prices Improve

حب

The local dollar is steady, opening on demand this morning at 1/8. Spot and forward silver prices have improved 3/16, closing at 24% and 24%, respectively. *

The London on New York cross- rate was quoted at £U.S.54.93, 89 compared with £--U.S.$4.94%.

The New York on London rate

Foreign Beckange and General Banking but was quoted at U.S.$4.94; as, com-

Fransected.

Current Asante opened at Pized Deposite-

resolved for one year or skorter periods at retepared with E-U.S.$4.941⁄4.

which will be quoted on application.

W. E. E THOMAS,

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

SAFETY FIRST!

To Safeguard Your Valuables And Jewelleries. Deposit them in a Vault that is really:

FIRE-PROOF BURGLAR-PROOF DAMP-PROOF!

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

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

Inspection Cordially invited. THE NATIONAL COMMERCIAL &SAVINGS BANK, LTD.

Corner of lee House Street and Des Voeux Road, Central

:

EXCHANGES.

TO-DAY'S QUOTATIONS.

On London

1/8%

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

Ori demand

On Singapore- On demand

On Japan:

THE BANK OF CANTON, LTD. On Manila-

Established 1912. Read Offer:--Hong Kong.

ts, Toeg. Eng., Cha Ching Sek. Ex L LeaAuthorised Capital ......

Miaria

2. Woog Cha Bon, Eat, and a

+

Lan Tong Yo, Yaq.. Ole! Manger.

Li Tea Fong, Esq., Mar.

BRANCHES AND AGENCIES—

Kalis

Melbourne Kagnesid

Smile

Bemarang Shaughaf

New York

Parts

Paiping

Farang

boursbaya Buslow bydney Telbak Tionisia

LA Kowloon

Rangoon

Уністр

Tokyo

Bao Franciao

VIDOKITHE Yokoka

f

***Paid-up Capital

Brary descriptional Banking and Exchange maled. La granted an approved

Anduritian

Crea Arnouaie opsust, in Lou! Curr

Fixed Depolis received for one you of Where periods in Local and Forsiga Durrencer

term which will be quoted on application, Bala Deposit Buse To

Chist Manager.

HAN TONG PO, Hong Kong, 1 March, 1994,

THE BANK OF TAIWAN, LTD.

Head Office: Talhoko, Formosa, Incorporated in Japan by Special Imperial Charter, 1899.

Central Bank of Fermoss, Notes

issued Average amount Y.45,000,000

Branches and Agencies, Japan:-Kobe, Osaka, Tokyo, Yoko- hama, Keelung, Makong, Nanto, Shoka, Shinchiku, Talehu, Tainan, Taito, Takao, Tamsui, Toen, Karenko Kogi, Heito, Giran.

China: Amoy, Canton, Foochow, Han-

kow, Shangbai, Swatow. Others: Bombay, Hong Kong, London, New York; Singapore, Batavia, Semarang, Soerabaya, Dairen. On and after April 20th, 1934, the rate of Interest an Special Current Deposit will be at 1% pa, on daily balance and the rate for balance over $20,800 will be quoted on application

Maximum rate-1).

Y. OHNO,

Manager.

Hong Kong Branch

3. Des Voeux Road, Central,

THE YOKOHAMA SPECIE BANK LIMITED.

Established 1880

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

Head Office:-YOKOHAMA

Branches and Agencies at:

Alexandria.....

Batavia

Berlin

Bombay

Calcutta

Canton

'(Dalny)

Hankow

Harbin

Nagasaki Nagoya

New York

Oraka

Parts

Peiping Rangoon (Mukien) Rio de Jenélro

San Francisco Seattle

Hồng Kong Honolulu, Reinking Karachi

Kobe

Landon

Los Angeles Mania

Moji

Interbat allowed

Semarang

Shanghai

Singapore Sperabaya

Sydney

Tientsin Tokyo: Tsingtan

On demand

On Bangkok-

On demand

Sovereigns bank buying rate..1/9 $11,000,000 Bar Silver per oz.

8,655,000 32,170,102 Bar Silver in Hong

Kong

Fotal Resources Branches: Canton, Tainkan, Shanghai, Hankow, Bangkok & San Francisco.. Copper Cash London Bankers: Lloyds Bank Ltd Copper. Cents

Foreign Exchange and Banking business of every.... discription trans-

acted.

,nominal 1% prem. Rate of Native Interest 3% p.a. Chinese Sub. Coin ... 27% dis.

Current Accounts opened and Fixed Hong Kong Sub Coin ......par. Deposits recessed for one year or shorter periods at rates which will be quoted on application.

Safe Deposit Boxes (various sizes) er Alre,

LORE POONG SEAN,

Chist Manager,

+

THE AMERICAN EXPRESS COMPANY,

INC.

Head Office:-65, Broadway, New York

Capital

Surplus

Reserves

.U.S.$6,000,000.00 .... 2,087,112,69 1,995,523.81

BRANCHES:-

Amsterdam Antwerp

GIDOR Ulege

Athena ASTRO Веліче Berlin

Bomber

Fran

Brundle Calma Caleutia

Cangas Coloraba Copenhagen Juulla Edinburgh PenDE GASTR

атала

Habure MAYTO Huidelberg interlaken Jerusalem Loodoo Liverpool Luonte Lugano LAIDE Varela

Menia Carin Kaails

Munich

Milan Now Naples Pizua Faria Reipia Palermo Botterdam Beau Shangha Southampton Blogspor fantalo

Taormina Vienna Vasic Yokokama Euric's

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

All classes of Commercial Banking Transactions undertaken.

Personal investment accounts handled.

LOCAL SHARES.

TO-DAY'S QUOTATIONS.

The following is the list of local abare quotations leshed to-day:

Banks.

1

H.K. Bank $1045 s. H.K. Bank (London) £139 n. Chartered Bank £16 n. Mercantile Bank, A. & B. £32 n. Mercantile Bank C. £18 n. Bank of East Asia $90 sa.. Am: O. Finance Corp., Sh. $20 m. China O. Fin. Ord., Sh. $1.80 n. China O. Fin. Pref Sh. $41⁄2 n.

Insurances.

+

Canton Ins. $270 n. Union Ins. $515 n. China Underwriters $1.20 b. 'China Fire Ins. $620 n.. H.K. Fire Ins:, $235 n. International Assce. Sh. $5 n.

Shipping.

Douglases, $40 n.° H.K. Steamboats, $74 n. Indo-Chinas (Pref), $30 m. Indo-Chinas (Def.), 138 n. Shells (Bearer) 43/9 . Union Waterboats, $18% n.

Mining.

Antamoks 75 cts. n.

Baguio Gold 40 cta. n.

Benguet Consolidated $14 b.

div.

Benguet Exploration 21 cts. 'n. Benguet Goldfield, 20' cts. D.

Big Wedge, 10 cts, a.

Salacots 16 cts, n.

TRADE OUTLOOK ON WALL STREET

Activity In Cotton Textiles

CITY OFFICIALS ACCEPT POWER PLANT PLANS ·

New York To-day. Tradera expect very dull markets until the end of the year.

Favourable factors prior to the opening of the N.Y. markets in- cluded

AMERICA'S TRADE ADVANCE

Imports And Exports Show Increase

GOLD AND SILVER EXPORTS DECLINE IN 1934

Washington, To-day, The progress of American trade for the past 11 months is shown by the figures issued by the Department of Commerce. Exports are $1,962,000,000-com-

(1) The weekly electricity produc-pared with $1,482,000,000 in the

· '.

NEW ADVERTISEMENTS

NOTICE.

R

TT IS HEREBY NOTIFIED that. the following Licences and Permita are due for renewal on the lat. January, 1985:---

(i) Private Ricksha & Driver

Licences.

(ii) Private Chair & Drive

Licencca.

(ii) Tricycle & Driver Licences, Vehicle

Licences.

(v) Motor Permite,

tion was 1,788,000,000 kw. corresponding period of 1983, Im-(iv) Public Motor hours against 1,767,000,000 k.w.ports are $1,622,000,000 compared hours for last week and 2,657,-with $1,818,000,000 Gold exporte 000,000 for the corresponding are $52,000,000, compared with Tricycle must be taken for inspec period of last year.

8855,000,000 and imports $1,094, tion before re-licensing to No. 4 (2) Cotton textile activity has 000,000, compared with $191,000,- Police Station, Wanchal, or Tsim

been increasing, sales being al-000. Silver experts are $15,000,000, Sha Tsui Palico Station. Kowloon," most double production due to compared with $18,000,000, and im-between the hours of 9 a.m. and 10 low Inventories.

ports $94,000,000 with $55,000,000.a.m., between January 2nd. and

January 22nd., 1985. ""An unfavourable factor was that Reuter, New York City officials have tenta- tively accepted plans to co-operate, with the Federal Government in the construction of power planta de- New York, to-day.-Gold imports signed to interchange electric cur Bince November 1 amount to over rent. United Press per S. E. Levy $200,000,000.-United Press, per S. and Company,

E. Levy and Company.

8. E. Levy And Company's. Report

AMERICAN GOLD IMPORTS

In their market report, Mesars EMPIRE SUPPLIES OF

S. E. Levy and Company, corres pondents for Mesars.. White. Weld and Company, New York state:

"Stocks: Tax selling swelled in volume considerably to-day and ex the steadiness. of stocks, in view of the large scale year-end adjust- ments, is encouraging. We believe trading parehases are justifled for Business an inter-modiate rally, done:-1,630,000 shares,

(Continued on Page 10.)

BASE METALS

Board of Trade To Hold Enquiry

JUL

LEAD AND ZINC PRICES IN UNITED KINGDOM

London, To-day. At the request of the President of the Board of Trade, Mr.

Duties Advisory Committee have

COMMODITY PRICES Walter Runcimen, the Import

The following quotations have undertaken to examine and re- been received by Messrs. S... Levy port on the subject of supplies

and prices of lead and zinc and Co., and the A.O.F.C.

to

T. H. KING,. Inspector General of Police, Hong Kong, 27th. Dec., 1984.

PUBLIC AUCTION

THE

HE Undersigned have received instructions to sell by Public

Auction

ON

Thursday the 3rd. January, 1935 commencing at 11 am.

at Messrs. Tyeb & Co.'s Premises, Queen's Road

A Quantity of Shop Fittings, Show Cases and Sundries Terms: Cash on Delivery.

LAMMERT BROS.,

Auctioneers.

Hong Kong, 28th Dec., 1934.

United Kingdom consumers and xx\{F}2}

the

Supplies of these metals from E sources outside the British Em- 12.56 12.64bire at present pay a 10 per cent.x 12.66 ad valorem duty which the Bri- 1262 tish Government may remove it

Empire producers fail to supply adequate quantities at prices not exceeding world-prices. Bri- itish Wireless Service:

gone

Everything BUT YOUR

SAVINGS

RENT

On T.T. and demand.

Credits 4 months' sight ..1/9%

Dn Shanghat-

121

724

On demand

146

On Indin-

Balatoca $37 b.

On T.T. and demand

112%

On New York-

On demand

41%

Credits 60 days' sight

434..

On Batavia-

On demand

6134

On Paris

Gold Creek 28 cta., b.

On demand

635

Gold Rivers 21 b.

Credită 4 months' sight

665

Ipo Mining $1 n.

On Salgon-

Itogans 40.cts. n.

On demand

632.

Kailan 19/- n.

8304

Langkata (Single) Sh. $15 n.

S'hai. Exploration Sh. $5 m.

109%

S'haf Loans, Sh. 36 n.

Raubs $10.70 n/

Dec. 26. Dec. 27.

24%

Venz; Goldfield 35 n. Docks, etc.

Closing Closing

New York Cotton:--

the relative provisions of Ottawa agreements.

Dom.

H.K, Wharves $112 n.

'n H.K. Docks, $12 Providents (old) $1,40 m.. Providenta (now), 60 cts. n. Hongkews, Sh. $309 m. New Engineerings, Sh. $54 n.. S'hai Docks, Sh. $120 n.

Cotton Mills,

January

12.39 12.45

March

12.67

May

12.66

July

12.67

October (1935).. 12.64.

Spot

12.75-

12.75

New York Rubber:

December

12.61

12,59

January

12.83

12.82

March

13.09

13.02.

May

18.29

18:28

July

13,47 18.42

September.

13.67

13,62

CLOTHING

October

12.70

Chicago Wheat:—

December

984

98%

May

99%

99%

July

94

98%

Chicago Corn:-

New York, to-day.-New York| Central net operating income for November totalled $1,706,079 against $1,818,159 for November of last year.- United Press, per S. E. Levy and Company, man

HEAT

85

TAXES

December

93%

932

¡May

90

89%

July

86

86%

OIL PRODUCTION INCREASE IN AMERICA

Winnipeg Wheat:-

December

4-78

784

May

89

831⁄4

July

83%

83%

New York Sugar:---

March

1.79

1.82

May

1.85

1.88

.

July

1.88

1.90

September

1.92

1.94

New York SIK:—

March

1.33

· 1.38

1.36

b. July

Montreal Silver:-

December

H.K. Electrica $72% b.

March

Macau Electrics, $25 n.

May

Sandakan Lights $8 n.

July

Telephone (old) $25.40 b., $25.35

日期:

Telephone (new) $10.85 b.

AMERICAN COTTON TRADING

Dry-Goods Export To Reduce Surplus

PLANS FOR HUGE SALES TO RUSSIA

SPECIAL TO CHINA MAIL. (By, Telegraph, Copyright, Telegra phic Messages Ordinance, 1884; - R4- ceived December 28, 9.15 am.)

New York, To-day. Cotton traders are interested in: the report that the Government la planning to reduce surplus stocks ly stimulating dry-goods exports.

It is reported that the Govern- ment will formulate plans to allow the mills to compete in the export market. It is understood that this includes the sale of 100,000,000: yards of dry-goods monthly to Russia, which is awaiting a gettle- ment of her debt.-United Press, per S. E. Levy and Company.

THE CHINA & SOUTH SEA BANE, LIMITED

General

(Incorporated in China) Head 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

and Foreign Exchange Cheques" and Letters of Credit and, Banking Business ansacted."

Current and Saving Accounts opened addition, the world-wide services its thoroughly equipped Travel De-and Fixed Deposit. eceived for one partment.

year or shorter partuus at rates which will be quoted on application,

SOU Z. CHANG,

Manager. HONG KONG BRANCH: 24, Des Voeux Road, Central. Manager's Office......Tel. 88565 Foreign Exchange Dept. General Office Cashier's Office

E. W. DUGGAN,

Manager,

THE WING ON BANK, LTD. HONG KONG

Authorised Capital $10,000,000 -

Foreign Exchange and Banking Business of every description transact- led.

...

Current Accounts opened, Special Deposits, received at special rates, end Fixed Deposita received for one year (or shorter period at rates which will

be quoted on application

Safe Deposit Boxes (various sizes)

Yingkow

Orent Ac for Dire

santa

Deposita received for fixed periods

י.

PHILIP GOCKCHIN HAND Chlef Manageri

As rates to be obtained on application, L GOCKCHIN

C. KISHINAMI Assistant Manager A Hong Kong, 11th September, 1986.

LI SHU FONG Assistant Manager

23566

38567

88569

THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED

Incorporated in China)

Capital paid up ..$5,000,000. Reserves...

*****$7,000,000, Capital Savings Dept. $500,000. Reserve Savings Dept. $600,000...

Head Office-Shanghaibiga

A Bank having as Its mission the Industrial, development of China and the fostering of her commer cial relations abroad,

Hong Kong office? Ich Hoo St. Phone 31461-2-4

Ewo Cottons Sh. 39 n. S'hai Cotton (old) $74.n. S'hal Cottons (new). 544 n. Zbong Sings, Sh. 89.40: n., Wing, On Textiles, Sh. $56 n.

Lands, Hotels, etc. H.K. and S., Hotels $5.10.b.. H.K. Lands $54 b., $54 88. H.K. Lands 4% Debentures 99%

n.

:

Shanghai Lands Sh. $241⁄2'n. Metropolitan Lands Sh. $12:20 n Humphreys 93⁄41⁄2' n.° H.K. Realtics $5.30 b. Asia Realties "A"; Sh. $100 n. Asia Realties "B" Sh. 20 n. Chinese Estates $88. m. China Realtles, Sh. $124. China Debentures Sh. $123 n. Public Utilities

H.K. Tramways $20.35 b., $20.20

$2,

Peak Trams (old) $12 n. Peak Tramos (new), $7 n. Star Ferries $98 b. Yaumati Ferries $22 n..

Light (old) $10 10/20/10%-sa-

C.

C. Light (now) $104 b.

China Buses, Sh. $12.40 D. Singapore Tractions 4/3 b. Singapore Pref. $17/9 n.

Industrials Malabon Sugars, 88.70 m.. Cald: Macg. (Ord.), Sh. $20 b. Cald: Macg. (Pref.) Sh$194 n. Canton Ices $2.85. Cements $2.80 n. H.K. Ropes $4.10 n.

Stores, etc

Dairy Farms $24`n. Watsons $5 n.

Lane, Crawfords $5.75 n. Mackintosha, $21 n.“ Sinceres $8.

Wm. Powells, 70 ets. n.. Wing On (H.K.) $105 п.

Miscellaneous.

H.K. Amusements $2% Entertainments, $71⁄2 n. S.C Enterprises $1.10 b. Macao "Greyhounds,"|42_n. Constructions (old) #2 n.4. Constructions (new) 71 cts. b. Vibro Pilling $0.60 n. ** Ch. Govt. 5% 1925 GSBds-92%

May.

NEW YORK CENTRAL NET

OPERATING INCOME DOWN

73.

New York, to-day.-Daily average: crude oil production was 2,428,150 barrels, as against 2,418,860 for last week--United Press, peż S. E. Levy and Company, 1

PUBLIC AUCTION

HE undersigned have received 1.84%structions to sell by Public

Auction 1.86 1.33%

53.60b 54.35n 54.25b 54.450 54.85 55.20 56.55 55.85n b-bid. a-asked. n-nominal.

་ ד

RAW RUBBER PRICES

Latest Quotations From

Singapore

Messrs. II. B. Joseph & Co. have received the following Straits Cur rency quotations (Buyera), from Singapore for Raw Rubbers: Jan-March-21% Unchanged. April-June-23 Up 8.

Market: Quiet.

lis. It Insured? ?

Insurance All: Clausen LOWEST RATES American Asiatic Underwriters Fed. Inc., USTAW

Head Office

17, The Bond

H.K. Govt. 4% Loan, 8% prem. b, Shanghai. HK

Govt. 81% Loan2%

prem, b

Wallace Harpers $7% 1.

General Agents/

IL. K. Office

Asia Life

Building

ON

Friday the 28th December 1934 commencing at 5:15 p.m.

at their Sales Room,

Duddell Street

A COLLECTION OF POSTAGE STAMPS

+

Terms: Cash on delivery

LAMMERT BROS..

Auct.oneers. Hong Kong, December 27, 1984.

FOOD

WATER

CHITS

SAVINGS

SAVE SOMETHING · START NOW UNDERWRITERS

́SAVINGS BANK

FOR THE FAR EAST,

INC.

Aris Life Building Hong Kong

Tel. 80284

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, INC.

CORRESPONDENTS FOR WHITE, WELD & CO. NEW YORK

7.ICE HOUSE STREET, HONG HONG

Tel. 80101 and 30103

Tel. Address: Balco