1935-01-03 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

10,000,000

Authorised Capital $50,000,000 honest and Fully Paid-up Banner Funds:----

Bling

46,500,000

Best 10,000,000

Mowers Liability of Propriators$90,000,000 HEAD OFFICE, HONGKONG.

BOARD OF DIRECTORS: Hog. Mr, O. G. 8. Macka Chairman,

Hon Mr., UL. Dodwell Deputy Chalen.

THE CHARTERED BANK OF INDIA, AUSTRALJA & CHINA,

Incorporated.by, Royal Charter, 1858.

HEAD OFFICE: LONDON

Paid-up Capital

Reserve Fund

Eeserve Liability of Pro-

prietors

THE CHINA MAIL, THURSDAY, JANUARY 3,

Commerce and Finance..

NEW SILVER £8,000,000 | MARKET

£3,000,000

£8,000,000)

Bemarang

Agencies and Branches:

Alor Bler

Baugos

Amriter

Ipoh.

Salgon

Bangkok

Karack!

G. Mukin, Eva

Batavia

.Beremben

Morrison. Eng.

Bloubey

Shanghai

Tim Foucos, eg,

Calcutie Colon Cawapre

Kydla

Slagspers

Bucking

J. M. Caybarn, keq,

1 Geby

dz

W. 11. Boll. Hug "AE. Compton, Eng

A. Knight, Esq.

Ohief Manger,

BRANCHES

LONDON

LYONG

MALACCA

MANILA

AMUT

SANGKUR

BATAVIA BOMBAY

DALOUTTA

MUAB (Jabors)

PANTON

KURDEN

NEW YORK

PEIPINO

PENAKO

THEPOO DOLOMBO DLIPEN POOCHOW HAIPHONG

·HAMBURG

MANKOW

HARBIN

MONGNEW

ILOILO

1101

JOHOR

KOEK

KOWLOON

BANGOON

SAIGON

BAN FRANCISCO

SHAKUHA

KUALA LUMPUR

HINGAPORE

KOURABAYA

BUNGEI PATANI .

TIENTEN

TOKYO

THIXOTAO YOKOHAMA

Carte unte opened la Local Currency and Fixed Deponiis resalted for one year or shorter periods in Local Coen pray and Hurilug

on tarmin which will be quoted as application. Hong Kong. Wh April, 1994,

HONG KONG SAVINGS BANK.

Calooshe Delhi Stalphone

Hacibeta Hackow Harbin

Kadan

New York

Pulping

_ (faking)

Bw

Boumbers Taping "Tansele

TODA

(Bruker) Tainted

Yokohama За обовода

Foreign Exchange and Osuszal Backing business

Curai Acouste opened and. Fixed Deposite enonivad for one year or shorter periods, a which will be quoted on application.

A. BRBARLEY.

Manager. Hong Kong, ist. January, 1935.

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

ESTABLISHMENT

IN LONDON NOW NEARS COMPLETION

Contract Technicalities

**Discussed

OPERATIONS WILL COMMENCÉ DURING THE YEAR

London,

Efforts to establishY

silver market in London made further progress yesterday, when a sub- committee of the Metal Exchange visited leading bullion brokers to discuss contract technicalities

It is understood that the com- [mittee's intentions are still too vague to allow a forecast as to a ]definite date` for the commence- ment of dealings, but it is con- (sidered certain that operations

on the Mezzanine Floor of will begin during the course of Our New building is Specially Con- 1935. stracted to provide all of these Im- portant Qualities. ba

The Business of the abora Bask is duck- by the HONG KONG AND SHANGILAI BANKING CORPORATION,

2147

piained on application.

-Balan

FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION.

Chief Managm

LOCAL SHARES.

TO-DAY'S QUOTATIONS.

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

Banks.:

H.K. Bank $1625.b. H.K. Bank (London), £188 n.

Chartered Bank £16 n.

Mercantile Bank, A. & B; £32 n.

Mercantile Bank C., 5184 a.

Bank of East Ania $90 ea. Am: 0. Finance Corp., Sh, $20 n. China O. Fin. Ord., Sh. $1.80 n. China O. Fin. Prof Sh. $4% n.' Insurances.

Canton Ins, $275.n.

Union Ins. $5121⁄2 b.. $520 3. -$510/515 sa."

American

Stock Market

COMMODITY PRICES

The following quotations, have been received by Messrs. S. E. Levy and Co. and the A.0.F.C.

Optimistic Outlook For 1935

GOVERNMENT BONDS SHOW SYMPATHETIC RISE

NEW ADVERTISEMENTS

HONG KONG ENGINEERING & CONSTRUCTION CO., LTD.

NOTICE

MEng), Hong Kong, has This

HUGH BRAGA, B.SC.

Optimism is marked, owing to the Hong Kong, 2nd January, 1986,

the Presidential policy, U.S. Govern- 19.17ment bonds rising in consequence." 13.41 18. E. Levy And Company's Report 13:60 In their market report, Messrs. ́18.81 ́ ́ ́S. E. Levy and Company," corres- pondents for Messrs. White. Weld and Company, New York state:

"Stocks: After an early dull reaction the market turned strong- er with a considerable increase in the volume of trading. While the Presidential stand on bonus and rellef questions is heartening to Conservatives, Congress "still" Ieans toward Inflation.. Meanwhile, me- tal, inventory and industrial fav- ourites are likely to attract major trading interests. Business done:

880,000 shares.

PUBLIC AUCTION

HE Undersigned have receivedi instructions to sell by Public Auction

ON

MONDAY, the 7th. January, 1935 commencing at 2.30 p.m.

216

at our Sales Room, No. 35, Hankow Road, Kowloon

A Quantity of VALUABLE HOUSEHOLD

Closing

Jan. 2. Closing

New York Cotton: January March

12.60

12.55

12.70

'12.71

The year has opened in America Day been appointed General Works, with good prospects for the months Manager of this Company. ahead, a substantial increase in the

By Order,

May

12.80

12.77

volume of trading giving buoyancy

B.. ALVES,

July

12.81

12.84

to the stock market.

Secretary.

October (1985)

12.67.

12.67

December

$12.78 **

12.72

general belief in the soundness' of

New York Rubber:

January

13.12.

March

13,36

May

13.56

July

18.75

September

13.94

14.01

October ......

14.09a

14.10

Chicago Wheat:—:

May

99/2

982

July

931

924%2

September

904

Chicago Corn:

May

89%

88%

July'..

86

85

September

818

Winnipeg Wheat:-

May

8394

82%

July

*841⁄4

8336

New York Sugar:-

March

1.87

1.88

May

1.91

1.92.

July

1.93

1.94

September

1.961

1.98

New York Silk:-

Baguio Gold 40 cta. n.

March

1.42

1.41

Benguet Consolidated $14 n.. Benguet Exploration 21 sts. n.

May

1.43

July

1.43

1.45

Montreal Silver:

March

55.65

65.30

May..

56.20

55.80

549,000 Bushels. -

July September

56.85

56.70

#Cotton:The market WES

a-asked.

57.50

-nominal.

57.05n

steady. Figuring on only normal operating needs, exports of United

China Underwriters $14 b. China Fire Ins. $520 n. H.K. Fire Ins, $240 b). International Assçe. Sh. $5 n.

Shipping.

Douglases, $40 n. H.K.. Steamboats, $74 E. Indo-Chinas (Pref.), $80 m. Indo-Chinas (Def.). $88 n. Shells (Bearer) $45 n. Union Waterboats, $18% n

Mining.

Antamoks 76.cts. b. Balatoca $37 n.

Reuter is assured that the dis- cussions with the bullion brokers Yon may obtain a Bafe Depoelt

-Reuter. Box in this most up-to-date Vanit for were very friendly. - {your wwɑ une at a very moderate Ran- V. M. OKATBURN,

taL

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

US. Policy Responsible Benguet Goldfield, 20 eta. n.

Hong Kong, Disk February, 1904,

THE BANK OF EAST ASIA, LTD.

Authorland. Oupčiai

$19,000,000.00

Palang Caplikueremnunexcom. 5,095,800.00

A London cable of December 7 Isaid that the Financial. Times had Jannounced that the London metal exchange had virtually decided to start a silver spot and futures mar-

Wave and Bodivided Prof. 00,00 THE BANK OF CANTON, LTD. ket, unit dealings being 5.000 ounces.

HEAD_OFFICE;-KONO KONG

13. Dis Vaux Bond Central,

BOARD OF DIRECTORS —

Ble Shop on Chow, Chalmusmas,

14 Low Chua, Esq., P. K. Kwok, Esq., Wong

1

Tour, Esq., Chan Ching Shak, Beq

Ratabilahed, 1912.

Head Office Hong Kong.

La Authorised Capital ...... $11,000,000

Paid-up Capital

, B., Wong Chu 600; Eng, and Kan Ting

Kaa To P, Esq. Glide! Menger.

Tee Fong. Esq., Manager.

BRANCHES AND ADENCIES |--

Manila Melbourse

Jataria Bombay

Bestia Becara

Nagal

New York

Deaks

Lactobare

Paris

Harlow

Piping Ресе

Sangoca

Salgún

London

Sam Prazzinon

Shay deco al Banking and Exchange Janainans transaęted. Loans granted on apprović pouzitie.

Current Accounts opened in Loual Currene

Piza Deporite repelle

shorter in al

Total Resources

8,655,000 82,170,492

The journal added that the pro-i posal was a reflection on the world-i wide renaissance of interest in gil- (Continued on Page 9.)

Branches: Canton, Tolaban, Shanghai, GOLD STANDARD TO Hankow, Bangkok & San Francisco, London Bankers: Lloyds Bank, Ltd.,

Foreign Exchange and Banklar business of every discription trans- Bated.

BE UPHELD

Current Accounts opened and Fixed French Monetary Policy yeaTo Remain Unchanged·

Deposits recerred for one shorter periods af rates which will be quoted on application.

Safe Deposit Boxes (vazious aİzas) for hire.

· LOOK- POⱭNG GHAN,

Chief Manager.

Faris, to-day.

The Ministry's monetary policy will remain the same, stated the Finance Minister, commenting on M. Tannery's appointment. The late M. Poincare's plans for finan

carinich milf aequoia on applicet AMERICAN EXPRESS COMPANY;cial recovery will be continued and

Pulala Depaulk Jones To-Lat

KAN TOXO PO,

Chint Manager. Hong Kong, Jan March, 1904.

INC.

Head Office:-65, Broadway, New York

THE BANK OF TAIWAN, LTD.

Head Office:Tulheka, Formosa; Incorporated in Japan by Speciál Imperial Charter, 1899,

-Capital

Surplus

.U.S.$8,000,000.00

Reserves

2,087,118,89 1,995,628.81

Central Bank of Förmain, Notas

issued Average amount Y.45,000,000 || Ametersam

Branches and Agencios.

Japan:-Kobe, Oraka, Tokyo, Toko-

BRANCHES:-

Oinon

Milan Nior

Albebé

Naples

Uhina: Amoy, Canton, Focchow, Han-

Taito, Takao, rameul, Toen, Karenko. Kagi, Heite, Giran,

hama, Keely Makong, Nanto, Holst Shoka, Shin ku, Talchu, Tainan, s

Henbury

Bombay

Heidelberg

Brazka Brusela Caire Calcutta

Entertakes

Jerusalers

Pirms Parla Peipin Patie Botterdam Borge

London

Liverpool

kow, Shanghai, Swatow.

Canno

I

Others: Bombay, Hong Kong, London, Copenhage

New York, Singapore, Batavia, Samarang, Soerabaya, Dairen,

Lig

Lazor

Thiblia

Maill

Edinburgh Foto Gopath

Munio Carl MARƐLA Muniz

Moo Sex

On and after. April 20th, 1934, the rate of Interest G Special Current Deptit will be at 14% pa on dally balance and the rate for balance over ($10,000 will be quoted on application

[Maximum rato---~1%).

Y. OHNO,

Manager.

Hong Kong Branch

8. Des Voeux Road, Central

Taormina

Vanion Yokohama Zurich

the principles to which M. Moret adhered for the safeguarding of the franc will be maintained.

Both the Finance Minister and M. Taniery are determined to uphold the gold standard.-Reuter.

Big Wedge, 10 cta. a. Gold Creek 29 ets. n. Gold Rivers 321 n. Ipo Mining $1.

Itogans 40 cts. n. Salacots 16 eta, n. Kailan 19/- n

Langkats (Single) Sh. $15 n. S'hal Exploration Sh. $5 n. S'hai Loans, Sh. $6 n. Baubs $10.70 n. Venz; Goldfield $5 n. Docks, etc. H.K. Wharves $112 b. H.K. Docks, $12%,n. Providents (old) $1:40 n. Providents (new), 50 cts. n.

Hongkews, Sh. $309 m.

New Engineerings Sh. 85% n. S'hai Docks, Sh. $120 n.

Cotton MIUS: Ewo Cottons Sh. $9-n." S'hai Cotton (old) $74 n.. S'hai Cottons (new) $44% no- Zoong Sings, Sh. $9,40 m. Wing On Textiles, Sh. 455-p.. Lands, Hotels, etched H.K. and S. Hotels $5.20 b.. H.K. Lands $55 n^!

H.K. Lands. 4% Debentures. 100%

b.

*

Shanghal Lands Sh. $24% n Metropolitan Lands Sh. $12.20 Humphreys $93⁄41⁄2 :n.^. H.K. Realties $5.40.b. Asia Realties "A" Sh. $100 n.

BOOM ON BOURSE Asla Realities "B" Sh.$20 n.

French Rentes Gain 135 Centimes

Paris, To-day. The announcement of the ap pointment of M. Jean Tannery; as Governor of the Bank of France, followed by that of the Franco-Italian agreement, led to a boom on the Bourse.

French Rentes gained as much Branches of American Express Com-as 135 centimes and other securi pany in Principal elties of United ties followed suit. Reuter. States of America and Canada.

All classes of Commercial Haniding Transactions undertaken.

Personal Investment accounts

THE YOKOHAMA SPECIE BANK handled.

LIMITED

Established 1880

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

250,000

Yen

Head Office:-YOKOHAMA

Branches and Agenclen at:

Batavia

Nagasaki Nagoya

Berlin

New York

Bombay

Calcutta

Dancin Parka

Canton

Dairen (Dalny)

Peiping. Angoon Fenetlen (Mukden) Rio de Janeiro Hamozre

Harbin

Honolulu

Franciaco

The Company offers to intending Travellers the use of its "Travelers Cheques and Letters of Credit and, addition, the worldwide services fits thoroughly equipped Travel De partment.

E. W.-DUGGAN,

Manager,

THE WING ON BANK, LTD. HONG KONG

Authorised Capital $10,000,800

Exchange

THE CHINA & SOUTH SEA BANK, LIMITED

(Incorporated in Chins) Head Office...Shanghai Capital **-$7,500,000.00 Reserve $1,500,000.00 Branches w...All Important Cities

in ChinaWAN Foreign Exchange and General Banking Business transacted,

Current and Saving Accounts opened and Fixed Deposits received for one year or shorer pertida at rates, which will be quoted on application

BOU Z CHANG,

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

| 83567 Casiler's Office ...

THE SHANGHAI

Busiusas of every description transact:& SAVINGS BANK

Current: Acc Déposits

Chinese Estates $88

China Realtles, Sh. $124 n. China Debentures Sh. $125 n Public Utilities

H.K. Tramway's $20/70.

$2034/80 8.

Peak Trams (old) $12 n. Peak Trams (new), 37 n. Yaumati Ferries $22 n. Star Ferries $100

C. Light (old) $10.80 b. $10% C. Light (new) $10.60 b H.K. Electrics $721⁄2 by $72.88. Macao Electries, 325 n. Sandakan Lights $8 n." Telephone '(old)* $25.55 by $26 Telephone (new) 611.10 b. China Busea, Sh. $12.40 n. Singapore Tractions 4/6 b.. Singapore Fref. $17/9 n.^/

Industriala

Malabon Sugars, 88.70 'n.. Cold Macg. (Ord.), Sh. $20 m... Cald Macy. (Pref.) Sh$19%. Canton Ices $2.85 1.

"Bonds: U. S. Government Bonds were higher while high grade bonds showed a good tone and second grade issues were un- changed.

"Grains: Buying by mills. on

1.42% further declines was expected to cause a reversal in the trend. Wheat Total sales:-11,008,000 bushels, Corn: Total sales:-11

RAW RUBBER PRICES

Latest Quotations From

Singapore

-FURNITURE

1 Radio Gramaphone 1 Radio Set

On view from Saturday the 5th... January, 1995.

Terms: Cash on Delivery,

LAMMERT BROS.,

Auctioneers..

Hong Kong, 3rd, January, 1935.

kikas

REMOVAL NOTICE

LONG HING

& Company

From

17A Queen's Rd. C.

States cotton should facresse me-To No. 9, QUEEN'S ROAD., CTL terially

(Next to Mercantile Bank Bldg.)

"Rubber:-Outside interest is Headquarters for Kodaks and Agine Developing, printing and enlarging moderately but steadily broader- EXPERT REPAIRING OF CAMERAS, Ing. Total sales-217 lots.

LENSES AND SHUTTERS

The following telegrams were received by Mesara. S. E. Levy and

(Continued on Page 11.)

Messrs. II. B. Josephi & Co, have [Co. from Reuter:- received the following Straits Cur rency quotations (Buyers) from Singapore for Raw Rubber:

Spot 21...

April June 23% up July-Sept. 24% up;%. Market:Firm.

WING ON NEW YEAR SALE

Weight Estimation Contest

The Wing On Co, Ltd., is from to-day's date having a grand New

LOCAL DOLLAR STEADY

Silver Prices Advance

The local dollar is steady, opening on demand this morning at 1/81/2

Spot and forward silver prices | advanced, being quoted at 24 and 24%, respectively.

The London on New York cross- rates was quoted at £U.S.$4.98%.

Year Sale Prices have been ex-as compared with 4-U.S.$4.98%. ceptionally cut down in addition to The New York on London rate unasual discounts; credit coupons was quoted at £-U.S.$4.94.

will also be given at 5 cents to every dollar of cash purchase. A Weight Estimation Contest is also being inaugurated. Three prizes, in goods to the value of $800.00, will be given to winners who have submitted the most exact or the nearest weight.

Spot

LONDON SILVER

24- Unchanged" Forward... 24% Unchanged. Silver Comment:

'India bought, China sold., busi ness small.

Chinese Engineering And Mining

Co., Ltd. Annual General Meeting

The Annual General Meeting off

the Shareholders of the Chinese Expenses in Europe Engineering and Mining Co., Ltd Cost of new Talons and was held in London on December Coupons 31, 1994; when the Director's Re

Shares

port and Statement of Accourts for Directors Fees

the year ended June 30, 1934, was Income Tax submitted.

Extract From Directors' Report

The net result of the year's

transaction shows a balance to the

$14,592

Everything BUT YOUR

gone

SAVINGS

RENT

FOOD

CLOTHING

HEAT

TAXES

WATER

CHITS

SAVINGS

SAVE SOMETHING

START NOW

UNDERWRITERS SAVINGS BANK

FOR THE FAR EAST,

INC,

for Bearer

86

-4,200

57,841

76,169.

75,182

Tel: 30234

debit of Profit & Loss Account of Leaving a deficit of $1,407, made up as follows Proportion of Kallan Min

Cements 2.20 b, $2.36 s., 24 sa. Interest in Europe....

K. Rapes 84.10 ne

Stores, etc.

Dairy Farms $234 6.

Watsons $5.

Lane, Crawfords $3.75 Mackintoshs, $219

Sinceres $8

885

$3509

Wm Powells.

Wing On (H.K.)*8105 n.

Agency Fees

ing Administration's Pro- fits plus Interest in China

258,189

MAZAT

6,000

158

Exchange

$4.855

Balance brought

(Less Sundry item

forward

Sundrier)

which has been charged to Reserve.

Life Building

Hong Kong Jer

S. E. Levy & Co.

UNDERWRITERS AND DISTRIBUTORS

SECURITIES AND COMMODITIES BOUGHT AND SOLD ON COMMISSION

DAILY NEW YORK STOCK AND

It Insured?

s.jand sa

NEW

COMMODITYSSERVICE

TANGE

WHI