1935-02-08 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Amikorized Capital

$50,000,000

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Kurved sad Fully Fulärt me 10,000,000 Incorporated by Royal Charter, 1888.

Hosures Funds

A

20,000,000 $10,000,000

HEAD OFFICE: LONDON

.£9,000,000 £8,000,000

Beserta Kdability of Proprietors 30,000,000 Fald-up Capital"

HEAD OFFICE: UONGIONO,

BOARD OF DIRECTORS. Bou. Mr. O O. B. Markle CRAIG,

K..Dedwell....... Esig... Deputy Chairmak. Z

10), Miskia, Beg,

Reserve Fund

Reserve Liability of, Pro.

prietors

THE CHINA MAIL FRIDAY, FEBRUARY 8, 1935

LOCAL DOLLAR ADVANCES

Commerce and Finance..

28,000,000 Silver Prices Improve

Beremban

Agencies and Branches?"

Amritage

1pok

Rangoon Balyo

Bangkok

Karaok

Baietia

XIADE

Xon M, W, 11, 1,

to the Lompson, Eng..

K. 8, Morrison, Los

Bombay

Kobe

Calentis

Lucia

Canters

Cawnpura,

T. M, Omybarn, kaq.

Hudra

Chief Manager.

Colombe

Manila

Delki

Haiphong

New York

Pripicy

(Pling) Тра

*MOT

MANORUK

BATAVIA

BOMBAY

CALCUTTA CANTON

OKEFOO

DULOMBO

MOOCHOW

HAIPHONG

HAMBURG MANEGW HARDIN

BONEERW

ILOILO

IPOH

JOHOR

TOBY

KOWLOON

BRANCHES-

LONDON LYOKO MALAICA

MANILA

CALL (Jake)

MUKDEN

NEW YORK

PEIPING

PENAKO

› RANDCON

BAIGON

BAN PRANO1800

KUALA LUMPUR

RUANQUAL

Ы КОАРОКЕ

MOURADAYA

HUNDEL PATANI.

TENTOIN

TOKYO

TRINGTAO

YUXUDANA

Durrani Aruste opened in Local Dutroncs Flied Deposite received for one you or shother perioda in Local Company and Sterling arm which will ha puolet on spritožios. Hot Xing, 18th April, 1914. !*

HONG KONG SAVINGS BANK. -

The Business of the shota Fleck condut

lt the HONG KONG AND SHANGHAI BANKING CORPORATION.

chiefred on application.

Bulan may be

FOR THE HONG KONG AND CHANGHAI BANKING CORPORATION

V. 3. GRAYHURN,

Blog Soug, 96th February, 1924,

THE BANK OF EAST ASIA, LTD.

Amslerived Caplet Pald-up Capital

$10,000,000.00

DA, (0,0)| Barve and Undielded Prokl€2,434 100.00

・・・ HEAD OFFICE-HONG KONG

19. Das Van Road Castrel

BOARD OF DIRECTORE :-

fir houson Chu, Chalensa

La con Chan, Esq., P. 8. Kwak, Esq. Wong Is Toug, Eng., Chan Ching Blak, Esq. Lá Lan Sang. Eng. Wong Chu Buty Eng, and Xan Ting to. Big

1003

Delenita

Found

Hankow

Boaduiv

Koke

In loca

Ian Tong Yo. ing.. Clia! Minangs. Li The Fong. Eaque Manager.

DRANCJIES AND AGENCIES:-

Mardia

Stibo.se

Nagal

Sew York

Paesa

Priping PRESLE

· Kalpaca

Salgón

bas Fraccaec

BAAR

thangkal Kingspor bourbars Bestow Madnes

- Tajbolu

Tiəvisin

7oja FADRONTOC

Tokokame

Every description of Banking and mala, 17orried. Losze granted on apprend securiției.

Current

Or

Arcoursepeind in Local Currina. and Fixed Deposita receitag for one your shorter period

noterma luchal and Foreign Currencies

quated on appűfention.

Safe Deposit Boxes Te

•

KAN TONG 10,

Chief Manger,

Hong Kong bt March, 1994,

THE BANK OF TAIWAN, LTD.

Head Office: Talhoka, FormonA, Incorporated in Japan. by Spacial Imperial Charter, 1899.

Central Bank of Fermoin, Notes

issued Average amount Y,45,000,000;

Branches and Agencies.

Japan:-Kobe, Osaka, Tokyo, Yoko.

hams,

Keelung, Makong, Nanto, Shoks, Shinchiku, Taichu, Tainan, Taito, Takso, Tamsul, Toen, Karenko Kagi, Heito, Giran.

Lumpur

- Zorbing

Angka

Kingspor

A

Bourabay

Talping

Tientsin

Teoria

(Dhukee) Talogico !!! Tehokama Zamboang

Harbin Dong Look,

Foreign Exchange and Opera Beaking bea Current &brounia caned, and Pinad Dapealta. prostred for one year or shorten peria xt, he which will be quoted en application,

A. BREARLEY.

Manager. Hong Kong, 1st. January, 1935.

SAFETY FIRST I

· To Safeguard Your Valuables and Jewelleries. Deposit them in a Vauli that is really:

FIRE-PROOF

BURGLAR-PROOF DAMP-PROOF!

OUR SAFE DEPOSIT VAULT

The local dollar has advanced 4 opening on demand this morning at 1/9%.

Spot and forward silver prices also advanced 1/16, being quoted at 24% and 24%, respectively.

The London on New York. cross- rate was quoted at U.S.$4.88, as compared with £-U.S.$4.883⁄4%. *

The New York on London rate was quoted at E-U.S.34.88, as Compared with £-U.S.$4.88/2.

NEW YORK STOCK EXCHANGE

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

The following guntations from New York have been received by Messrs.

18. E. Lovy and the American. Oriental

Finance Corporation.

"

located on the Mezzanine Flour of N.Y./London' Our New building is Specially Con- NY, Cotton structed to provide all of these Im Mar. portant Qualities.

July

You may obtain a Safe Deposit N.Y. Rubber Box In this most up-to-date Vault for your own use at a very moderate Re¤-

C. Corn May 82%

LOCAL SHARES.

-TO-DAY'S QUOTATIONS.

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

Banks.

H.K. Bank $1530/40.88.

GOLD CLAUSE

DECISION HOLDS

UP BUSINESS Wall Street Awaits Verdict

1

RUBBER LIKELY TO BE LOWER

New York, To-day, The Cotton market will probably Jopen bullish, but little business is expected pending the decision on the Gold Clause case.

NEW ADVERTISEMENTS

CONSIGNEES' NOTICE.

THE BEN LINE STEAMERS, LIMITED.

From LEITH, MIDDLESBRO, ANTWERP LONDON AND STRAITS.

The Steamship,

*BENMACDHUI ".

THE HONG KONG. & KOWLOON' WHARF & GODOWN COMPANY:

MALIMITED

TOTICE IS HEREBY GIVEN ·

No Extraordinary General

Meeting of the above named Com- pany will be held at the Board. Room of Messrs Jardine Matheson. and Co, Ltd., Pedder Street, Vic- toria in the Colony of Hong Kong on THURSDAY, the Seventh day of March 1985 Immediately after. the Annual General Meeting of shareholders of the Company

Consignees of Cargo are hereby which is to be held there at 12 It is anticipated that the ap-landed at their risk into the hazardous joined resolutions will be propose informed that all Goods are being noon on that day when the sub-

H.K. Bank (London). £184 ex, Proach of the Gold Clause decision and/or extra hazardous. Godowns of ed aa Special Resolutions

div. n...

n.

Chartered Bank £15 . Mercantile Bank A. & B. $811⁄4 Mercantile Bank C. £19 n. Bank of East Asia $90 m. Am: 0. Finance. Corp., Bh.$20 n. China O. Fin. Ord., Sh. $1.80 m. » China O. Fin. Pret Sh. $4% n.

Insurances.

Canton Ins. $275 n Union Ina. $190 b., $495 an China Underwriters 31.30 b. China Fire Ing. $490 m. H.K. Fire Ina. $22714 b. International Assce. Sh. $5. n.

Shipping.

Douglases, $40 r.. H.K. Steamboats, $7. Indo-Chinas (Pref.), $80 m Indo-Chinas (Def.), $83′n. Shells (Bearer) $63/11⁄2 n. Union Waterboats 18 n.

Mining.

Baguio Gold 37 cts. b, Benguet Consolidated $14 mi Benguet Exploration 18 eta. n.

Last close 10.15 11.00 4.8816 - 4.881⁄4 4.88%

12.28 12.31

12.31 12.34 12.30 12.33

Antamoks 92 cts. b.

Balatocs $41 n.

Mar

July

12.08 12.97 12.92

12.64

12.74

13.05

C. Wheat May 04

July

87%

94%

87

8214

...Benguet Goldfield 10 cts. n,

W. Wheat May 82% STOCKS:~~

#2

Big Wedge, 10 cts. n.

Amer Smelting 83

13%

314

Gold Creek 381⁄2 cts. n.

41

Con Gas N.Y. 18% Du Pont

18

19

Gold Rivers 23 cis, 8., 221⁄2 cts. 88.

024

92

02

Ipo Mining $1 n.

Elee Bom & Sh 5%

514

54

Itogans 42 cts..n.

3014

ROM

Int Tel & Tel 84 3114 Loew's Inc

8

814

31%

31%

Montgomery, W. 25%

2534

231

Nat Distillers

26

20

25*

11,000,000 NY. Central

10

164

1614

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

THE BANK OF CANTON,

* Established 1917. Head Office-Hong Kong.

Authorised Capital

LTD. Gerieral Motors 50

Pald-up Capital ...

8,656,000 Standard Oil NJ 394 30% 30% Total Resources

32,170,492 U.S. Steel 85% 34% 35 Branches: Canton, Tolshan, Shanghai, The following quotation from Lon Hankow, Bangkok & San Francisco. don were received in our office lant London Bankers: Lloyds Bank, Ltd., night between 5.80 p.m. and 10.30 pan. Foreign Exchange and Banking Silver Spot 24-5/16 (lant close), business of every discription trans 24 acted...

Current Accounts opened and Fixed 24 Depoelts received for One year OF aborter periods at rates which will be quoted on application.

Safe Deposit Boxes (various sizes) fer hire.

LOOK WOOD KHAN,-

Chief Manager,

THE

(last recd. 1/16 up (change). Silver Forward 24-7/16 (iast Flow) (last recd), 1/16 up (charge). Silver

Report: India bought Speculators, sold. Market steady.

Gold 141/10 (fast close), 142/1 (last reco), 24d up (change),

London/N.Y. Selling Rate 4.8805 (last cinse), 4.8831 (lant recd), .0003]| up (change).

London/Paris Selling Rate 74.40 (last close), 74.34 (last read), .06. down (change).

AMERICAN EXPRESS COMPANY, Liverpool Colton May 0.72 - (last)

INC

Head Office:65; Broadway, New York

Capital Surplus Reserver

.U.S.$6,000,000.00

2,087,112,69 1.995,528.81

close).

March 6.77 (last close), 4.77 (last) reed); unchanged. Liverpool Wheat May 4/1014 (int

4/10% (last reed),

X

TEJ)

London Rubber-July-Sept; (buyers) 6-7/16 (last close). 6. (last read).] 1/10 down (change).

London Rubber-July-Sept. (sellers) 6% last close), 0% (last reed), un- changed,

London Rubber at noon. 6% (last recd).

BRANCHES:—

Armiestam Aniwa?? Athens

Аван

Bat

Berlia

Boobay

kow, Shanghai, Swatow

China: Amoy, Canton, Foachow, Han-

Firemes

Aramala

Daira

Others: Bombay, Hong Kong, London.!

Batavia,

Caloutta Cano Colorate Copenhage blo Edinborg Fore Geneva

Osbo Bluegers The Hagu Havana Hamburg Savre Heidelberg Interlaken Jenualem London Idearpool

Lugend Lexor Marnadiion Moola Carls Vanila Muzdal Montreas

Napise Piramus *Parla

Peipia Palima Roterdam Rcm Abanglad flonlapo Alng po Tientalo

Spot

New York, Singapore, Samarang, Socrabaya, Dairen. On and, after April 20th, 1984, the rate of Interest on Special Current Deposit will be at 1%% p.a. on daily balance and the rate for balance over $10,000 will be quoted on application) (Maximum rato-1).

Bong Kong Branch

Y. OHNO,

Manager.

3. Des Voeux Road, Central,

THE YOKOHAMA SPECIE BANK LIMITED.

Termina Vitpus Vani Yokoba

Zurich

LONDON SILVER-

(buyers)

་

24% Up 1/16 Forward....

24% Up 1/16 Silver Comment:- India bought, Speculators sold Market Steady.

Branches of American Express Com-THE CHINA & SOUTH SEA BANK, pany In Principal cities of United Biates of America and Canada.

All classes of Commercial Banking Transactions undertaken.

Personal investment accounta handled.

LIMITED

(Incorporated in China)

Head Omes Shanghai.

Capital

Reserve

Branches

Foreign Exchange

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

All Important Cities in China The Company offers to intending Banking Business transacted. Em

and

General Established 1880

Travellers the use of its "Travelers Current and Saving Accounts opened Chequer" and Letters of Credit and and Fixed Deposits received for ons Capital (fully paid-up) Yen.100,000,000 addition, the world-wide services year or shorter periode at rates which

Yen.124,250,000 of its thoroughly equipped Travel Dewill be quoted, on

partment,

Bocation

Reserve Fund

Head Office:--YOKOHAMA

Branches and Agencies at:

Alexandria

Batavia Berlin

Bombay

Calcutta

Canton

Hankow

Harbin Rong

Nagasaki Nagoya

New York Osaka

Peiping

(Dalay) Rangnon

(Mukden) Rio de Janeiro

San Francisco Seattle Shangha

Har Kon

Honolula

Hrinking

Karachi Kobe. London "Los Angeles"

Sosrabaya Sydney Tientaln Tokyo

Tringtan

Yingkow

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=

Current Account Com

opened, Special Deposits received at special rates, and Fixed Deposits received for one year or shorter period at rates which will ibe quoted on application, sest

Safe Deposit Boxes (various nixon)

en Uzrrent " Aoi för hire, she

The

Deposlis received for fixed perioda mares, to be obtained

O KISHT

PHILIP GOCKCHIN Ohled; Manager Ag LA GOCKCHINAKAMA Y Assistant - Manager for

LLI SHU FONG

||

CHANG,

Manager. HONG KONG BRANCH: 24, Des Voeux Road, Central. Manager's OfficeTel. 88848 Foreign Exchange Dept. 38565 General Office.

83507 Cashier's Office

-88569

THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China) Capital paid up Reservo Capital Bavings De Reserve, Savings

Head One

A Bank having industrial development and the foste Gal relations

Salacots 16 cts. n.

Kailan 19 n.

Langkats: Single) Sh. $15 m.

S'hai Exploration Sh. 45 n.. S'hai Loans, Sh. $6. n.

Raube $8.00 n.

Venz: Goldfield. $5 n. Docks, etc. H.K. Wharves $112. H.K. Docks $111⁄2 n. Providents (new) 80 cts. n. Providents (old) $1.20 b.

Hongkong, Ch. $809 n.

S'hai Docks, Sh. $120 h.~ New Engineerings Sh. $5.80 n:

Cotton Mills.

Ewo Cottons SH. $8.90'n S'hai Cotton (old), 874 n. S'hai Cottons (new) $45 n.. Zoong Singa Sh. 39.30 n. Wing On Textiles, 8h. $55 n. Lands, Hotels, etc.

H.K. and S. Hotels $1.90 n. H.K, Lands $50 b. H.K Land 4% Debentures 101%

Shanghal Lands Sh. $22 n. Metropolitan Lands Sh. $12.20 Humphreya $10 n.

H.K. Realties $5.10 n.. Asia Realties "A", Sh. $100 n. Asia Realties "B" Sh.$17 n. Chinese Estates $88 n. China Realties Sh. $10.60 .. China Debentures Sh.$128 n.

Public Utilities

H.K. Tramways $20% b.

Bit,

will accentuate apprehension on The Hong Kong and, Kowloon Wharf Wall Street to day with attendant & Godown Co., Ltd., whence and/or 1 irregularities...

from the wharves." delivery

may be obtained. Rubber will probably open lower.

No claims will be admitted Wheat is expected to be steady, the Goods have left the Godowns, and The weather in the South West is all Goods remaining undelivered after the 13th February, 1056, will be sub- unsettled..

ject to rent.

S. E. Levy And Company's Report

All claims against the steamer must In their market report, Mesars be presented to the Undersigned on S. E. Levy and Company, corrosor before the 27th February,

1835, pondents for Messre. White Weld they will not be recognized.

To comply with the General Bonded and Company New York state-Warehouse Regulations consignees "Stocks: We cannot foresee much must have Revenue Offeer in attend- change in the market at present, ance when damaged dutiable goods are land. we still continue to feel that

examined.

All broken, chafed, trade newa will have a greater in- Goods are to be left in the Godowns, and damaged fluence when the Gold Clause ques where they will be examined on the tion is settled. Business done:-12th February, 1985, at 10 a.m., by [520,000 shares.

Mesars, Goddard and Douglas,

"Grains: The market is acting as if it is somewhat oversold, Wheat: Total sales: -8,832,000 bushels, Corn: Total sales: 3,372,000 bus- hels.

(Continued on Page 10)

MANCHESTER MARKET REPORT

Business With China Now Very Small

AMERICAN COTTON FUTURE HARD TO WEIGH UP

Manchester, January 9. Messrs. James F. Hutton and Co. report as follows:-

Once again this week's trading has been uneventful and values re main at the same. steady level. It has been reported in some quarters that makers are showing a firmer attitude and declining to take con- tracts unless some slight margin of proft can be shown.

"

American Cotton

com.

The political interference in the! United States with normal produc- tion and marketing methods has made any intelligent appraised of the cotton situation and outlook al- most impossible. In the circum stanées it in not surprising that speculative interest in the modity is now the smallest in years.] It is interesting to note that ac n. cording to an estimate by the Washington Department of Agricul- ture the world catton production In 1934 amounted to 23,000,000 bales,. la decrease of 8,100,000 bales com-

pared with production in 1938.

Indian Demand Slight

$20.30

Peak Trams (old) 88%1⁄2 n. Peak Trams (new), $6 n. Star Ferrien $99 b. Yaumati Ferries $22 n. C. Light $10.20 n. H.K. Electrics $704. b.. Macao Electrics $25 n. Sandakan Lights $8 n. Telephone (old) $254 n.. Telephone (new) $10 ea. China Buses Sh. $12.40 n. Singapore Traction 7/8 n.. Singapore Pref. 18% b Industrials Malabon Sugar $8 n. Cald: Macg. (Ord.), Sh. $21 m. Cald: Macg. (Pref.) Sh8194 n. Canton Ices 8284 b. Cementa $2.05 b... H.K. Ropes $8.80 n.

Me Stores, etc., Dairy Farms 824 8. Watsons $41⁄2 n

Lane, Crawfords '88.75 n. Mackintoshe, 21 nist Sinceres 48 1.

Wm. Powells, 70. cts. u. Wing On (H.K.) $105 1.-

Miscellaneous,

H.K. Amusements $1.85 n. Entertainments, $71⁄2 në 8.C.. Enterprises $1.85 m. Macao "Greyhounds,"" 12. m. Constructions (old) ·$1.85-u. Construction (new) 49 cts, b, Vibro Piling 251⁄4

Ch. Govt. 5% 1925 G$Bda.89%

H.K. Govt. 4% Loan, 64% prem.

Wallace Harpe

The undercurrent of enquiry has been quite healthy but offers still fall below the level at which manu-

No Fire Insurance has been effected.] Bills of Lading will be countersign- ed by,

GIBB, LIVINGSTON & CO., LTD.

Agents, Hong Kong, 8th February, 1935.

RAW RUBBER PRICES

Latest Quotations From Singapore

Messrs. H. B. Joseph & Co. have

received the following. Straits Cur

rency quotations. Singapore for Raw Rubber:

(Buyers) from

Spot 21 up

April-June 23 up 4.- July-Sept. 244 up 4. Market: Steadier. Rubber Market affected by London Pepper Situation.

LONDON EXCHANGES

Paris New York

Montreal

Brussels

Geneva:

·Amsterdam. Milan Berlin Oslo Prague Madrid. Shanghai

London, Yesterday. 74-9/82 4.87 15/16 4,8814 21.00

15.132

-7.242 57.19/32 12.21 19.90% 1174

36 1/54

Hong Kong

- 1/9 7/16 Yokohama

· 1/2. Other rates unchanged Warloan 84%

108 5/16 243%

Silver Spot Silver Forward

British Wireless Service.

facturers are prepared to do busi-Is It Insured? ?

Insurance All Claces LOWEST RATES

American Asiatic Underwriters Fed: Inc., U.S.A. General Agenta

ness. Demand from India, whilst coming from all marketa, has not been in any substantial volume. Of the larger outlets Calcutta has been the most active with bookings in dhooties and light bleached fancies. Bombay and Madras have shown a Httle improvement and odd lots of dyed and fancy cloths have been arranged. A fuir enquiry has been 17, The Bund received from the up-country mar

Shanghai kets but in most cases offers have proved too, far out to be workable. One encouraging feature is that in most Instances quick delivery is wanted.

Far Eastern Markets Business with China has shrunk to very small proportions and con alsts of small quantities of fancy poplins, dyed goods and brocades. Isolated transactions are reported in bleaching cloths and lawns for Rangoon, with: Singapore and the Straits. Settlements showing inter- cat in fancles and speciality styles, South America has offered more freely for split printers and case- ment cloths, but improved bids will liave to be made before any weight of business can be arranged.

Land Investment Dividend

The Board of Directors of The Hong Kong Land Investment and Agency Co Ltd, have declared Final Dividend of $1.50, per This with the Interim Divider $1.50 already paid, makes for the year 1984

Head Office

A

2.

authorised capital of the Company (which is now $4,000,000.00 consisting of 80,000 shares of the nominal value of $50.00 each the whole of which have been issued) be increased to $8,000,000.00 by the creation of 80,000 ad- ditional shares of the nominal value of 350,00 each ranking (subject as hereinafter men-. tioned) as: from the date of al lotment for dividend and all other respects pari passu with the shares comprising the Company's present capital.

That 10,000 of the said new shares be offered in the first instance (in the proportion of one new share for every com plete number of eight old- shares held by them respec- tively) to the members of the Company who on the seventh. day of March 1935 are regis tered in the Company's share register as the holders of the said, '80.000 existing shares at a premium of $25.00 per share and upon the footing that the full amount of each share takon

up plus the said premium of $25.00 (making to gether $75.00 per share) shall be paid to the Company on ac ceptance of the offer, such shares so taken up not to parti cipate in any dividend declar- ed before the 1st day of July 1937 but to participate in any dividend declared thereafter pro rata with the existing capital. And that the said offer be made by Natice speci- fying the number of shares to which the member is entitled and limiting the time within which the offer if not accept, ed by the members on behalf of himself or his nominee will be deemed to be: declined and that the Directors of the Com pany shall be at liberty to fix such time. And further that any of the said 10,000 shares which are not taken up by the Company's shareholders, in manner aforesaid: be disposed of in such manner at such time, or times and upon, such terms as the Company's Board. of Directors shall in their absolute discretion" think it." 3. That no shareholder shall be entitled to any offer of a frac- tion of an additional share in respect of any odd shares held by such shareholder.

4. That the remaining 70,000 new shares be issued at such time or times and upon such terms' as the Company's Board of Directors in their absolute .discretion shall think fit.

The transfer books, of the Com- pany will be closed from Friday the 22nd day of February 1985, to Thursday the 7th day of March 1985 both dates Inclusive during which period no transfer of shares B.K. Office can be registered. Asia Life Building

Tel 30234

Dated the eighth day of February 1935.

By Order of the Board

F. H. CRAPNELL, Secretary.

S. E. Levy & Co.

ICE HOUSE STREET"

INVESTMENT BANKENE & PROMBAS

NEW YORK COTTON EXCHANGE COMMODITY EXCHA CHICAGO, BOARD. OF?"

FADE

ARESPONDENTS' POR;

WHITE

NEW YORK