1935-01-30 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorland Cuplant

Lauad and Fully Pull up

Beste Fundac—

Tilleg

$03.100.DEN $2,500,000

£8,000,000. $10,000,0

„Kaars Liability of Unpriston $23,300,000

HEAD OFFUE) HONGKONG: •

KARD OF DIRECTORS."

Chain,

28¢ II, Dadwal." Penj

Dopety China.

9. Miskin, E.

THE CHARTERED. BANK OF INDIA, AUSTRALIA & CHINA,

Incorporated by Royal Charter, 1853.

Floss bas

Caleatis

HEAD OFFICE: LONDON

Singaporean"

Paid-up Capital.

Reserve Fund .....

.£9.000.000 .£3,000,000

Reserva Llability of ProN-

prietors

.£8,000,000

Agencies and

Branches:

Alor Star

Hallo

Kangos

Amurtar

Spok

Huizen

14ugrok

Bemarang,

Barzula

Kiang

Peteinbag

ne di Campton. Enq,

·8, b. Morrison, Eng.

Zobe

Shanghal

W. J. Koawich, Esq.

T.

Peuroe, Log.

Даво

Centen

8. D. Koight, Esq.

Lumpur

Biti

Cawnpore Debu

Kuchles

Brebes

Blade

Txipi:

Calamate

Thaulo

Kult

Toockst

Helplung

New York

(Uhuker)

Hainburg

Pelphig

Tankow

(Pekin)

"Yokohama

Harbin

Zamboanga

STANTIA

MUAH (Johor)

BELDEN

PEIPINO

BANGDON

BANGKUK BATAVIA

RONDAT SALAUTTA DAMON OREFOO CHLOMBO DAIBEN FOOCHOW HAIPHONG AMUNO MANKOW HARDEN

HONOREW

LOLE

JOHORE

FOWLA UN

V. M. Opburn, hog Chiel Manager.

BRANCHES :-

LUNDUN LYONS

MALACCA

NEW YORK

PENANO

SAIGON

SAN FRANCISCO

1

ATALAMPUR

SHANURAL

SINDA DURE

FOURABAYA

HESTSIN

TOKYO

NONE PATANI

ISINGTAO

THOHANA

Current Asmails opener in Local Currency pad Kised epit received for use your or Chorter, period in Love Company and el

larton wide will be quoted on appliani. Hong Kong. 19th April, 1986.

HONG KONG SAVINGS BANK.

The Busite of the above lank le condues- the HONG KONG AND SHANGHAI MANKING CORPORATION. Balee my

btained on application.

De

Y THE HONG KONG AND BANGBAI

NSINO CORPORATION

V. M. GRAYBURN.

„Chief Hanspete

Hong Kong, sh February, 1984.

THE BANK OF EAST ASIA, LTD.

Anthonsed Capital Palup Capital

Smart and Undivided Proste

$ 0... ..$2,134,00,00

HEAD UPPICE-HONG KONG

12, De Vaur Road Central

BOARD OF DIRECTORS :——

Bir Bbouson Chow, ChatraE...

·

Loos Chus, Esq., P. R. Kwot, Eng. Work Is Toug. Leg, Chan Ching Shok, Eaq.. Lában Er. Voug Cho Bou, Beg, and "Ran Ylog 26.249.

So

may

Mach

Kan_Toug Vo. Eq.. Chief Manger.

In The Fame. Reg. Kabige:

„BRANDILEMAND-ADENCIES A...

Mutile Multouris

Bastila

Nagki New York

Deeks

Brand Henglan Singapore bourabaya Balow hydong

Libou

Roda

Hongaar.

"Ti Tokyo

Kew

g

kos

En frastao

Carlis

Bablog

Balghous

Handels

I'mptes

l'etiaus

Hastan

Fastourer Yokohame

Every deption of Taking KHÊ Suratancled.

⚫ras.

Exchange

THE CHINA MAIL," WEDNESDAY, JANUARY 30, 1935

WHOLESALE

and -PRICES IN COLONY

Commerce

Finance

LOCAL DOLLAR

2. DECLINES

Silver Prices Steady

The local dollar declined. an . this morning, opening on demand it 1/9%,

Spot and forward silver prices remained steady, being quoted at 24% and 24%, respectively.

The London on New York: cross- rate was quoted at U.S.$4.87, as compared with £-U.S.$4.86. Foreign Kanbange and Duneral Banking Buaibasa, The New York, on London rate Brensanded

Gural coouble speed and Pied Dupont was quoted at £-U.S.$4.87%;**, a8- racultad for one year or whortar perioda as racompared with £-U.S.$4.86. wtich will be quõlad-on application.

A. BREARLEY:

Manager. Hong Kong, 1st. January, 1936.

SAFETY FIRST

To Safeguard Your Valuables and. Jewelleries.

Deposit them in a Vault

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

HUMPHREYS ESTATE- AND FINANCE COMPÁNY, LIMITED

The Directors will recommend the following allocation of profits for the year ended-1st., December, 1934, at the forthcoming Annual Meeting of Shareholders. Pay a Dividend of 8%

+

on 200,000 shares $160,000.00 Transfer to Special Re

paige & Renewals A/c. (To bring same up to $15,000.00) carry forward

OUR SAFE DEPOSIT VAULT located on the Mezzanine Floor of Our New building is Specially Con- structed to provide all of these Im-And [partant Qualities.

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

Inspection Cordially Invited.

THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street_and Des Voeux Road, Central

· 11,502.76 29,880.13

$201,382.80

BRAZIL FINANCE

Assistance From Britain Dependent

London, To-day. The Chancellor of the Exchequer.

THE BANK OF CANTON, LTD. Mr. Neville Chamberlain, when

Authorised Capital

Established 1912. Head Office:-Hong Kong.

$11,000,000 8,655,000

•

replying to questions regarding the financial policy of Brazil, said yes- terday that he fully agreed that the Paid-up Capital

possibilities of Brazil obtaining in Total Resparces 82,170,498 future years further financial Branches: Canton. Toishan, Shanghai, assistance in the London market Hankow, Bangkok & San Francisco. must, depend upon the fair treat

London Bankers: Lloyds Bank, Ltd., ment of the British Interest and

Foreign Exchange buginea of acted.

and

Banking the prudent

management of every discription trans-

Brazil's finances. The British Gov- Current Accounts opened and Fixed ernment, he said, would not fail, if Deposits received for one year or the occasion arose, to draw the shorter perleds at rates which will be attention of the Brazilian Govern- quoted on application.

Safe Deposit Boxes (various sizes) ment to this

“Loman" grmuted on approved for hire,

Ство

*3207

Current Accounte oprued l .40 Fited Ipotle shed for one.

shorter periods 1 Local and Velg Car

en we wait will be quoted on application.

Bats Treponit der Let

KAN' TOHO ro,

Hong Kong. March, 1954.

Chief Manager.

THE BANK OF TAIWAN, LTD.

Head Office-Taihoku, Formosa, Incorporated in Japan by Special

Imperial Charter, 1899

. Central Bank of Formosa, Notes

inued Average amount Y45,000,000

Branches and Agencies.

Japan-Kobe, Osaka, Tokyo, Yoko-

LOOK POONG CHAN,

THE

Chief Manageri

AMERICAN EXPRESS COMPANY. INC.

Head Office: 65. Broadway, New York

Capital Surplue

Reserves

.U.S.$6,603,000.00 ....... 2,087,112.69 1,935,528.81

Hapsburg Har Beidelberg fotarlabia Jerung Jatt London

Карим Piraeut

Falpis

Palemo Row berdas

BRANCHES-

hama,

Keelung, Makong, Nanto, Albe Shoka, Shinchiku, Taichu, Tainan, Taito, Takao, Tamsul, Toen, Karenko Kai. Heito, Giran. China:-Amoy, Canton, Fouchow. Hao-

kow, Shanghal, Swatow.

Amataricm Answord

Gandk

Glasgar

Амад

Harana

Monive

Bella Horsbay செசைப்

File

Calcutt

Lu Invento

LALICY

Tearning

Marco

Monte Carl

Meulia

Vienna Venice Tokohama Kuriak

Batavia,

Others: Bombay, Hong Kong, London.

New York, Singapore, Samarang, Soerabaya, Dairen.

On and after April 20th, 1994, the rate of Interest on Special Current Deposit will be at 1%% pa, on daily balance and the rate for balance over $10,000 will be quoted on application (Maximum_rabo1%).

Y. ORNO,

Manager

Hong Kong Branch

8. Des Voeux Road: Central.

Centres Colombe Сореваарий Pabllo Rainburgh Ploresce Gener

Munfak

Monvent

Hom

Shangka Bonhampion Pampor Tiamin

Branches of American Express Com- pany in Principal cities of Unitad States, of America and Canada.

All classes of Commercial Banking Transactions undertaken,

Personal Investment accounta

THE YOKOHAMA SPECIE BANK handled.

LIMITED.

Established 1880

Reserve Fund

consideration-Bri

tish Wireless Service,

THE MERCANTILE BANK OF INDIA, LTD.

HEAD OFFICE:

15, Gracechurch Street, London, Ex..

.£8,000,000 1,800,000 1,050,000 1,247,482

Authorised Capital Subscribed Capital Paid-up Capital ...

Benerve Fund & Rest

· BANKERS:

The Bank of England & Midland Bank, Ltd..

Bangkal

UDIOTS D

Our

BRANCUZE

Ipoh

Bandy

·Now York

(NTBLANTECAR)

Shangha

JUIS DOWN

Delhi

Kunia Liple

..

Kuala Lumpur

Long Boeg Howrah

Madren

Bingapore

Kuantan (Fabang). Siinla

KONO KONO BRANCH

Every daerissinn, of Banking and Bhchange' bost

ness transacted,

Travaller Cheques looped.

Trustee and Executorshipe unders taken.

INTEREST allowed on Omas double and Fized Deposite, as Bates. That may be sacertalzed on application

J. B. BOBS.

Manager.

1. Quai's Boad Central. ~*

Hong Kong, 12th June, 1984.

THE CHINA & SOUTH SEA BANKS,

·LIMITED

(Incorporated in China). Head Office...Shanghai. Capital .$7,500,000,00 Reserve .$2,500,000.00

All Important Ciției The Company offers to intending

Ini China Travellers the use of itTravelers Foreign Exchange

and General Chequer" and Letters of Credit and, Banking Business transacted.

Brancher

Capital (folly paid-up) Yen.100,000,000 addition, the world-wide services Current and Saving Accounts opened Yen.124,250,000. it thoroughly equipped Travel De- and Fixed Deposits received for one

partment

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

SOU 2. CHẲNG,

Head Office:—YOKOHAMA

Branches and Agencies at: Alexandria

Batavia

Berlin

Bombay

Nagasak! Nagoya

New York Osaka Paris

Peiping

Dairen (Delay) Rangoon Fengtien (Makien) Rio de Janeiro Hamburg

Hankow

•Hong-Kong

Hosolalu Heinking Karachi

Kobe

San Francisco Seattle Semarang Shanghai

Sherabaya Sydney

Tokyo

Tientaln

London Los Ange Maolla

Mo

on Outent

W. DUGGAN,

Manager,

THE WING ON BANK, LTD. HONG KONG.

Authorised Capital $10,000,000

Foreign Exchange and Banking Business of every description transact fed gan

Current Accounts opened, Special

Manager. HONG KONG BRANCH: 24, Des Voeux Road, Central.. Manager's Office 15.Tel. 88565 28566 39567

Foreign Exchange Dept.

General Office Cashler's Office

***** 88569

THE SHANGHAI: COMMERCIAE ~&a ̈ SAVINGS BANK LIMITED

(Incorporated in China)

Deposits received at special rates, and Capital paid up Fixed Deposite received for, one year||||Bezerros

or shorter period at rates which will "Capital Savings, Dept. be quoted on application.

Bererve Bavings Dept. 3000,000

Safe Deposit Boxes (various sizes)}|| A Head Office

[for hire.

CASA

PHILIP GOCKCHIN 4. Chief Mannder.

|2/ GOOKORINGAN

***Assistant Manager i

∙LA) SHU FONGS Assistant Manager,

|| A Bank having aï jtu

Industrial development of and the fostering of - hm cial relations abroad. „Hong Kong office-7 Ico

LOCAL SHARES.

"TO-DAY'S QUOTATIONS. The following is the list of local share quotations issued to-day:

Banks.

F

TRADING CAUTIOUSTM ON WALL STREET

Less Pessimistic Note Reported

NO RUBBER RISE LIKELY

New York, To-day,

NEW ADVERTISEMENTS

NOTICE.

HONG KONG FOOTBALL

WING

"ASSOCIATION.

to

tho

unavoidable.

O change of dates of the Inter-

DURING YEAR 1934

11.6 Per Cent. Decrease Compared With 1933 OFFICIAL STATISTICS

An official, report states that, measured at the Statistical Office of the Imports and Exports Depart ment, wholesale prices in the Colony, of Hong Kong during the year 1934 recorded decreases

of 11.6. per cent

- Wheat would appear to be raily-booking office from which they pur as compared with 1933, 25.2 per cent, as compared able owing to the large decrease chased their tickets.

in the visible supply. with 1932, 33.6 per cent, as, com

**Refunds may be obtained up tik Cotton is expected to be, steady, noon on Saturday February 2nd. pared with 1531, 14:3 per cent, as

It is reported that the Cotton pool | Am: 0. Finance Corp., 38.$20 n. compared with 1924, and 8:5 'par,

The re-arranged fixtures are China Or Fin-Ord., Sh. $1.80-cent-as-compared-with the base selling "spots" to exporters, which

is trying to increase exports Monday-February ‍4thTM China O. Fin, Pref Sh. $431⁄2 n. period of 1922.

Wall Street may possibly open port Football Matches, holders of stendler with trading cautious, but tickets for the Matches originally less pessimistic, regarding the Gold arranged will have the option of re- taining them for the corresponding

H.K. Bank $1550,' a.

H.K. Bank (London)' £1891⁄2 Chartered Bank £16 A.

Mercantile Bank A. & B. $81% Mercantile Bank C. #191⁄2.. Bank of East Asia $90.n.

Insurances..

Canton Ins. $275 n. Union Ins. $490 m.

China Underwriters $1 b. Chipa Fire Ins. $490 ̈n. H.K. Fire Ins. $227 b. International Assce. Sh. $5 a.

Shipping.

Douglases, $40 n.. H.K. Steamboats, $74 n. Indo-Chinas (Pref.), $30 a. Indo-Chinas (Def.), 838 m. Shells (Bearer) 52/6 n. Union Waterboats 1334 b.

Mining,

Antamoks 80 ets. b. Balatoce $41 n.

Baguio Gold 37 eta, n.

Ter

n.

n.

n.

Benguet Consalidated $14 Benguet Exploration '18 ets. n. Benguet-Goldfield 10 cts. n.

Big Wedge, 10 cts, n. Gold Creek 38% eta, n. Gold Rivers $22.cts. B. Ipo Mining $1. Itogans 42. cts. n. Salacots 16 cta, n. Kailan 19/3

..

Langkata (Single)' Sh. $15 m. S'hai Exploration Sh. $. S'hai Loans, Sh. 56 n. Raubs $8.00 n. Venz: Goldfield $5 n.

Docks, etc.. H.K. Wharves $113 b. ILK Docks $12 Providents (old) $1.80 n. Providents (new) 80 cts. n. Hongkews, Sh. $309 n.

New Engineerings, Sh. $5% D. S'hat Docks, Sh. $120 n-

Cotton Milla.

Ewe Cottons Sh: $8.80 2. -S'hai Cotton (old) $74 n

S'hal Cottons (new). $14 n. Zoong Sings, Sh. $9.40.. Wing Og Textiles, Sh..$65 n, Lands, Hotels, etc. H.K. and S. Hotels $5.05 m. HK. Lands $50% n.

H.K. Land 4 Debentures 101%

b.

Shanghai Lands Sh. $24% n.

Clause decision...

Prices for rubber will probably amended matches or having their cash refunded on application to the be down.

SHANGHAI V.

HONG HONG

SHANGHAI v. CHINESE Thursday, February 7th

SHANGHAI. v. SERVICES

As compared with the preceding they would be replacing by pur- year there were decreases in 1934 chases of new crop auctions. How-Tuesday, February 5th In each of the four groups of combe large.

ever, these are" not, anticipated to] modities, the index number of Foodstuffs declining 16.8 per cent. Textiles 11.4 per cent. Metals and Minerals 9.6 per cent, and Miscel-S. E. Levy and laneous Items 7.5 per cent..

S. E. Levy And Company's Report In. their market report, Messrs.

Company, corres

pondents for Messrs White Weld

Stocks:-There is little pros-

The following table shows the and Company New York state: course

of local wholesale price changes since 1913-

(Continued on Padi 7).

G. T. MAY, Hon. Secretary.

pect of much change in regard to GENERAL NOTICES.

the market, for the week and the view continues for a policy of pur- chases op reactions, in the belter

H.K. TELEPHONE that trade news will have greater

COMPANY

ACCOUNTS

influence when the Gold Clause jquestion is. settled. Business

done:-570,000 shares.

"Grains:Cash

markets

ap

peared to be less strong, while out-

NOTICE.

HONG KONG AUTOMOBILE ASSOCIATION

TOTICE IS HEREBY GIVEN

The balance at credit of Profit side interests continued their 11-MEETING of the members of this and Loss Account for the year ended quidation. Whent: Total sales Association will be held. in the 31st December 1984 Tincluding the 17,343,000 bushels, Corn: Total Board Room of Messrs. Jardine sum of $150,250.05` brought for-sales:-14,844,000 bushela.

Matheson & Co., Ltd., on WEDNES ward, front the previous year) "Cotton: Speculators tempor DAY, 6th. February, 1985, at 5.30 amounted to $1,267,537.21. After arily were disregarding the bullish p.m., to pass and adopt the Ac- charging $271,864.71 for Deprecia-underlying factors of the market counts for the year ending 31st

December, tion and effecting on

1934, and to elect the 3rd and mere liquidating.

"Rubber:-

Omcers, etc. August 1934 the payment of an In-

Gold uncertainties,

By. Order, terim Dividend of 4 per cent., ab-coupled with apprehension over sorbing $224,977.00, there remains the strained pepper, and shellaet the sum of $770,695.50, which the long positions in London, acceler- Board recommend be appropriated ated outside liquidation. Manu Hong Kong, 28th January, 1935. as follows:--

facturers were good buyers. Total

To payment of a Final Dividend of 80 cents per share on the Fully Paid Up Shares (mak- ing 12 per cent. for the year).zi

To payment of a Final

Dividend of 20 cents per share on the Partly Paid-up shares. (mak

ing 12 per cent, for the year)

To Transfer to General, Reserve bringing same

$400,000.00

sales:-488 lots.

7

́G. E. S. UPSDELİ,

Hon. Secretary.

The following telegrams were COMMODITY PRICES received-by-Messrs S. E Levy-and-

Co. from Reuter,

The following quotations have

Wall Street was quiet and steady been received by Mesara, S. E. Levy. with minor fractional gains and and Co. and the A.0.F.C. losses about evenly divided. With favourable Industrial news more

than offset by prevailing uncer- New York Cotton: tainties, cautious trading was and March ....... 12.40 ticipated.

(Continued on Pagė 11.) 50,000.000

up to $505,482.00) 170,482.00 Carry forward to next.

Account

150,213.50

$770,695.50

Metropolitan Lands Sh. $12.20 E. RAW RUBBER PRICES

Humphreys $10 b.-

HK Realties $5.10 n.

Asia Reallies "A", Sh. $100 n. Asia Realtjes "B" Sh.$20 n. Chinese Estates $88 n. China Realties, Sh. $12. China Debentures Sh.$128 n.

*

Pablle Utilities

H.K., Tramways $201⁄2 sa, $20%

я.

Peak Trama (old) #9 n.

Peak Trams (new), $7 a Star Ferries $991⁄2 n. Yaumati Ferries $22 n. C. Light $9.90 b H.K. Eléctrics $70 b. and sa Macao Electrica, $25.n. -Sandakan Lights $8 n.

Telephone (old) $25.35, b., 25.20

sa.

Telephone (new) $101⁄2 m. China Buses Sh. $12.40 n. Singapore Tractions $7 b.. Singapore Pref. $17/9 n.

Latest Quotations From Singapore

CHINESE TARIFFS TO BE REVISED

Higher Dues On Cottons And Luxuries.

· JAPAN PERTURBED OVER REPORTED CHANGESTM

12.75 12,66. 12.00

Jan. 28. Jan. 29.

Closing Closing

12.32

May... July October

12.42 12.38

12.41

12.39

12.32

12.29

December

12,40

12.35

January (1936),

12.40. 12.35

Spot

12.60: 12.55

New York Rubber:-

March

12.81 12:50"

May July

12.79

September

19.07 12.00

October...

13.17

.12.08

Chicago Wheat:—

May

95

95

[From Our Own Correspondent]

Canton, Yesterday,

July

88

87%

September

86

85%

Messrs. H. B. Joseph & Co. have

To ensure an increase in customs Chicago Corn:- received the following Straits Cur revenue and to protect native in-May rency quotations (Buyers) from dustries from the competition of July Singapore for Raw Rubber:

83

-82%

78%

786.

foreign goods, the Ministry of September Finance has worked out a few re- Winnipeg Wheat: visions of the present import tartar May regulations, according to Japanese July press dispatches from Shanghai.

76%

75%

8214

822

813

81%

New York Sugar:

1.86

1.82/83

*1.91

1.86/87

1,96

1.91/92

*2.00%

1.97/97

1874 1874

1.87 1.88

1.87

1.381

54.70

54.47b

*55.25

55.00

05.75

55.80

September

56.50

56.50

Spot 20% unchanged. · April-June 22% unchanged. July-September 29% down. Market: Uncertain.

GERMAN FUNDING

BONDS

Announcement Expected Shortly

London, to-day.

It is understood that the Minis« | March try of Finance has drafted-a re- May vised tariff law and has referred July

it to the Legislative Yuan for save. September tion. After the adoption by the New York SUKT- Legislative Yuan, the new law will March be made public..

May

Although the details of the re." July bide vised tariff are not yet available, Montreal Silver: it is believed that they will effect March In the House of Commons yester a considerable reduction in the May day the Chancellor of the Exchequer, rates on petroleum, gasoline, wool- July

Mr.

-Industrials Malabon Sugar. $81⁄2 n.. Cald: Macg.. (Ord.), Sh.'$20 n. Cald: Macg. (Pref.). Sh$19.issue of 4 per cent. funding bonds Canton Ices $2.86 n. Cements $1.90- b

Neville Chamberlain, stated that he understood that detalled ar rangements in connection with the

H.K. Ropes $8:80 mi

Stores, etc. Dairy Farms $241⁄44' m. Vibro Piling $41⁄2_n. Lane, Crawfords 88.75 m. Mackintoshs, $21 n. 5 Sinceres $8 n

Win. Fowells, 70 eta. n. Wing On (H.K.) $105 D.

Miscellaneous./

H.K. Amusements $1.85 n. Entertainments,-$7%~n; 8.C. Enterprises, $1.85 m. Macao: "Greyhounds,” $2'n Constructiona (old) $1.85 ni Constructions (now) 55 ̊ete. n* Vibro Piling: 85%

Ch. Govt. 5%. 1925-G#Bda-82%

R.K, Govt. 4% Loan, 84% prem

B.K. Govt. 86% Loan 14%

pram by G Wallace Harpers $74, mat

by the German Government, in ze cordance with the provisions of article 72 of the Anglo-German agreement of November 1, were inst week under discussion and that it was hoped that an announcement in regard to the issue of bonds would besmade shortly-British Wireless Bervice.

s. It Insured? ?

Insurance All Classes LOWEST RATES American Asiatic Underwriters Fed: Inc., 1.5.A. General Agentøj:

Head Office

Bhangbal

SMOGH.K. Office

(Continued on Page 7)

S. E. Levy & Co.

IMBRAS:

ICE HOUSE STREET

#T BANKERS RADKERN

NEW YORK COTTON EXCHANGE COMMODITY EXCHANGE, INC. NYC:

BOARD OF TRADE CANADIAN COMMODITY EXCHANGE, 'INC.

CORRESPONDENTE POR·

WHITE" WELD