1935-02-26 — Page 6

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION

Authorised Capital

Jasued and Fully Paid-up

Reserve Funds:

Sterling

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1853. READ OFFICE: LONDON

$50,000,000 20,000,000

£ 6,000,000

Paid-up Capital.

Silver $10,000,000 Reserve Liability of Pro-

prietors.

Reserve Fund

20,000,000 Reserve Liability of Pro-

HEAD OFFICE: HONGKONO

IARD OF DIRECTORA,

8, U. Dodwell, Esq.

Chair

Knight Kay...

Deputy Chairman.

W, H. Bell, Esq. K. 5. Morrison Esq.,

A. II. Compton Esq.

.£8,000,000 £8,000,000

£3,000,000

·Agencies and Branchest ́.

prietors

Alor Star

Kolla

Amortisar

pok

Manghak

Kachelad

Dataria

King

Наздоса Belgon Fless Beremban

Bob

Canton

Calcula

Kuala

Lamput

Cawnpore

Kuching

Singapars

Soursbaga

Hon. Mr. J. J. Paterson,

Cabi

Madre

Colombe

Manila

Jaiping Tientsin

Hon. Mr. C. G. S. Mackie,

Theth

Madsa

Tongka

G. Miskin Esq.,

T. E. Pearce Esq.,

Halphong

Raw York

ambar

Peinlog

Tulato

Hankow

(Poking)

Yobraz

V. M. Graybaran, dog,

TROLEK

Zamboangs

Chint Manager,

DRANCH

INGRI BATAVIA BUMBAY JALOUTTA

KUALA LUMPUR LUATION;

MALACCA

MANILA

SANTON USEFOO GOLOMIK DAIREN FOOCHOW

ROAN (Johang)

KEW YORK

MAIPHONU

HAMBURG

BANKOW RABBIN

AMOT

AJNOKEW

ALAMA

INAU

JUUJR

Eu WLOON

LYONS

MURDER

TRIPING PENAKO

HAKULKIN

BALDON

SAN FRANCISCO

BHANGHAI

BINUA FORK

KIGRADAYA

BUNUEL PATANI

TIENTSIN

TOKYO

THINGTAO

YOKOHAMA

reso

Current Accumule opened in Jool Su Pland - Luposite „reurised for our yeni or Kiel pecinta su hoone Ovanpanay and bursing martin which will be quoted on appliemzien. Hong Kong, 26th February, 1995,

HONG KONG SAVINGS BANK.

Sko Buslasse af the above. Buck ja onnessi pl by the HONG KONG, AND, BUANGIAT “RA ARING, GOMPURATION, Hulan may be

Pétained 'ou #pplicallom

FOR THE HONG KONG AND GOANGHAI BANKING CORPORATION

-V. M, GRAYDUAN,

Chief Menaggy Hong Kong, 25th February, 1936.

THE BANK OF EAST ASIA, LTD.

Authorized Capital

Riviera and Undivided. Predis

$10,000,000,00

(1,684,900,00

HEAD OFFICE –HONG KONG

12, Des Vœux Blood Central,

BAARD OF DIRECTONS :----

Bu Shou-son Chow, Chairmak,

Lose Chu, Eng., P. X. Kwok, Eny... WODĄ

Za Toma En Chan Oblug Bhah, Esq., Li Lan' ang Z, Wong Chu Son, Erg, "and"Xan Ting

Las Torg Po, Lagu Chief Manager. 24 The Foog. - Manager,

BRANCHES AND AGENDIEM :--

Manila

Heurer

New York- Quid

Paiping

عنا الحملة

Bemarang Banorb Singapor bourabays

Mombas Dalmatia

Par

Kanker Samalla

Kad goon

Balgon

Bag Frances

Tehyo

Yokohame

مطرح

Kawione

bydany Talboke Tianiels

Every dotion of Basking and Exchange bftrapsacked. Lamas granted as apprond:

Durran Accunia peued In Loval · Duktets sé Fixed Deposita received for our ma sherir paroda ka Local and Foreign Currencies ma sema which will be quoted so application "Beta" Deposit Boxes Ta.145

KAN TONG PO,

Chist Manager.

THE BANK OF TAIWAN, LTD.

Head Office: Taikoku, Vermoan, Incorporated in Japan by Spacial 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, Shoka, Shinchiku, Talchu, Tainan, Taito, Takao, Tamaul, Toen, Karenko, Kagi, Helto, Giran. China-Amoy, Canton, Foochow, Hea

kow, Shanghai, Bwatow, Others: Bombay, Hong Kong, Londen,

New York,

Marble Tong Lon

Forden Machougs and Gasers! Banking but Transacted.

Current Amonale opened and Pixed Depo received for one your de skorlar parinde, as ram which will be quoted on application.

A. BREARLEY.

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

THE BANK OF CANTON, LTD.

Established 1912.

Head Office-Hong Kong.

Authorised Capital

Paid-up Capital

Total ResourDON

:

$11,050,000

THE CHINAAMAIK UESDAY.

LOCAL DOLLAR ADVANCES

ommerce and Finance

Silver Prices ImproveTM

The local dollar has risen 14, opening on demand this morning at 1/10%.

Spot silver advanced being quoted at 26, while forward all- vor advanced 8/18, being quoted ut 25-9/16,

The London on New York cross rate was quoted at --U.8.84.84 as compared with -U.S.$4.86," while the New York on London rate was quoted at 2.5.4. as compared with 4-U.S.84.861⁄2,

BANK OF EAST ASIA

LOCAL SHARES.

TO-DAY'S QUOTATIONS.

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

Banka

D.

H.K. Bank $1610 b., $1400/15 sa H.K, Bank (London) 6131% n. Chartered Bank £153⁄41⁄41⁄2 nos Mercantile Bank A. & B. $811⁄4 Mercantile Bank C, #18 - Bank of East Asia, 190 n. Am: O Finance Corp., Sh.$20 China 0. Fin. Ord., Sh. $1.80 n. China 0, Fin. Prof Sh. $435 pí 2000 Insurances,

Canton Inc. $260 58. Union Ins. 3485 4.75 China Underwriters $1.45 b. China Fire Ins. $490 H.K. Fire Ina. $22734 n.

$785,099 Profit Reported International Assce. Sh. $5 3.

For Year 1934

.8,655,000 The sixteenth ordinary annual 89,170,499 meeting of shareholders of the Branches: Canton, Tolshan, Shanghai, Bank of East Asia, Limited, will Hankow, Bangkok & San Francisco. be held at the registered office of London Bankers: Lloyds Bank, Ltd.,

:

Foreign Exchange and Banking the company. No. 12, Des. Voeux: business of every discription trans Road Central, at 2.30 p.m. on Satur acted.

day, Current Accounts opened and Fixed | Deposits received for"

The.net profits for the year end- ONG your or shorter periode as rates which will bejed December 31, 1934, amount, to quoted on application.

$451,008.21, which with the amount Safe Deposit Boxes (various sizes) brought forward from the previous for hire.

LOOK POONG SHAN, year $334,091.44, gives a grand. Chief Manager total available for division of ------------ $735,099.65, . which, will be deaft

with as follows.

SAFETY FIRST ! . To Safeguard Your Valuables and Jewelleries. Deposit them in a Vanli that is really! FIRE PROOF BURGLAR-PROOF

· DAMP - PROOF!`

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

You may obtain a Bafe Deposit Box in this most up-to-date Vault for |your ben una at very moderate Ran-

Inspection Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK," LTD." Garner of tea House Street and

· Des Voeux 'Bond, Central

THX

To pay a dividend of $6 per share on 56,986 shares ($335,916); to pay a bonus of the staff ($12,700) and to carry forward to the new Profit and Loss Account $380,497.65.

RUBBER QUOTAS IN SECOND QUARTER

Committee Meeting To-day.

30 PER CENT CUT LIKELY

London, to-day. The International Rubber Com- mitice meets to-day to fix quotae for the second quarter. London and ¡Amsterdam generally opine that the committee will decide on a 30 per cent, cut, though it is pointed out

AMERICAN EXPRESS COMPANY, that the Netherlands Indies Govern-

INC.

Head Office: 65, Broadway,

New York.

Capital Surplus Reserves

ment has recently repeatedly de clared that the native production was under control. Moreover it ibi admitted that a higher price le need-

jed to place the majority .1.8.$5,000,000.00

BRANCHES

Amsterdam Antwerp

Amasa Benize Earlie Bombay

Do

Glange

The lingue

Научая

Hamburg

Harys Haidelberg

Interinkas Jarasslam London

Everpool

· Lagade

Lo

Marsilion Mola Carle Mantle

Tw Brusela Caire Calcute Camper** Licorne Dolomba" Singapore, Batavia,

Оправка Semarang, Boerabaya, Dairen. •

Trabile On and after April 20th, 1984, the Edinburgh rain of Interest on Special Current

Gabera `Deposit will be at 11⁄2% pa on daily balance, and the rate for balance over

10.000 will be quoted on application; (Maximum rate-1%),

Y. OHNO,

Manager.

Hong Kong Branch

8, Des Voeux Road, Central

Munich

2,087,112,69 1,995,628.31 ...

Vilas Nice Naples Firs Furla Pripin

Falermo Botterdam B Bhineka

Flansa

Branches of American Express Com- pany In Principal cities of United Btates of America and Canada. 22

All classes of Commercial Banking Fransactions undertaken.

Personal investment accounts

THE YOKOHAMA SPECIE BANK handled.

LIMITED.

Established 1880

Meserve Fund

Yen.124,250,000

Shloping.

Douglasea $39% b.

H.K. Steamboats, $714 m. Indo-Chinas (Pref.), 380 m. Indo-Chinas (Def.), $58-n. Shells (Bearer) $50/'n. Union Waterboats $12.

Mining.

Antamoks 88 cts. n. Balatoes $43 n

Baguio Gold 39 cts, n. Benguet Consolidated $13.70 b. Benguet Exploration .15 eta, b. Benguet Goldfield 10 èts. n. Big Wedge, 10 cts. n. Gold Creek 38% cts. 'n Gold Rivers 22 cts. s. Ipo Mining $1% 5. Itogans 42 cts. n. Salacots 16 cts."n. Kailan 17/- n.

· Langkats' (Single) Sh. $15 m. S'haf Exploration Shi $5 n... S'hat Loans, Sh. $6 n. Raubs $7.90 n. Venz: Goldfield $5.n.

Docks, etc. H.K. Wharves $112 6. H.K. Docks $111⁄2 n. Providents (old) 814 n. Providents (new) 15 cts. sa. Hongkews. Sh. $809

New Engineeringa Sh." $5.80 n. S'hal Docks, 8h. $120 n.

Cotton Milla. Ewo Cottons 8h. 89:221⁄2 n. S'hai Cotton (old)"$74'n.; " S'hai Cottons (new) 145 .. Zoong Singa Sh. $9.80 n. Wing On Textiles, Sh. #55 n.

NEW YORK STOCK MARKET

Spring Outlook More Doubtful Now

RE-APPRAISAL CALLED FOR

COLONY TRADE FIGURES

IMPORTS UP AND EXPORTS DOWN

OFFICIAL STATISTICS

NEW ADVERTISEMENTS

HONG KONG HORTICULTURAL

SOCIETY

[THE ANNUAL *

SHOW Of

SP FLOWERS and VEGET Im-LUNTEER HEADQUARTERS ON

ABLES will be held at the VO

In their market report. Messrs. The Statutical Office of the S. E.Levy and Company, corresports and Exports Department THURSDAY, the 28th FEBRUARY, pondents for Messrs.White Weld ports that in the month of Jan 1985, from 3 pm to 6.30 p.m. and Company New York state nary, 1935, imports of merchan- Lady Peel has very kindly con-

"Stocks: We believe that the more a declared value of $34.3 millions

dise into the Colony, amounted to sented to distribute the prizes. than anticipated weakness of the (23.0 millions), as compared with Davies, V.C., DSO, AFC. RN, By kind permission of Capt. R. B. market last week calls for a re-ap$32.5 millions (£2.4 millions) in the Royal Band of H.M.S."Corn- praisal of the Spring outlook, owing January of 1934: an increase in wall will be in attendance.

gress.

X

Hon Secretary.

to the disturbing Influences, which terms of local currency of 5.5 per Admission $1.00 Children 50 cents. are having a bearish effect on rail Issues, and the uncertain political Exports of merchandige totall-

cent.

J.T. BAGRAM, situation as indicated by the Ad-ed $26.8 millions (£2.3 millions), .ministration's difficulties with Conan compared with $27.4 millions (£2.0 millions) a decrease in While long range inflationary ten-terms of local currency of 2.2 per dencies will continue to attract cent.", funds to selected industrial and gold shares, we believe that comparative figures of Imports and mitments, generally, should be re-exports of Merchandise and Trea duced on rallies from these levels. sure during the months of Jan- Business done:-740,000 shares.uary, 1935 and January, 1934:—

Lands, Hotels, <etc; H.K. and S. Hotels $5 b., $5/5.05

sa,

II.K. Land $50. H.K. of the

Dutch estates on a profitable basis. Finally the recent depreciation of sterling still further cute down the profit margin for the Dutch.

The minority declare that any sharp rise in prices, resulting' from smaller production, might check the present expansion in consumption and in view of the Committee's well-known inclination towards me- deration it is expected that there will be no change in quotas ́ ́tili consumption shows signs of its sea- sonal falling off→→Reuter,

THE CHINA & SOUTHSEA BANK,

LIMITED

(Incorporated In China)

Head Office

Capital

Reserve

Branches

Shanghai $7,500,000:00

$1,500,000.00

All Important Cities in Cana

Foreign Exchange and General

The Company offers to intending Banking Business, transacted Travellers the use of its "Travelers

Current and Saving. Accounts opened | Cheques" and Letters of Credit and

Capital (fully paid-up) Ten.100,000,000 in addition, the world-wide services and Fixed Deposits received for ons Its thoroughly equipped Travel Dear or shorter periods at rates which

will be quoted on application.com [partment.

SOU Z CHANG,

Head Office:-YOKOHAMA -

"Branches and Agencies at:

Alexandria

Batavia Berlin

Borsbay Calcutta

(Dalmy)

Fong Roar

Hanking

rach

Kobe

London

Los Angeles Mon

Nagasaki Nagoy

New York

Osaka

Parfu

Pelping

Rangoon

Rand

Rio de Janeiro San Francisco

Singapore Soerabays Sydney

EW, DUGGAN, :..:

Maragor

THE WING ON BANK LTD. TONG TONG

Authorized Capital $10,000,000

Foreign Exchange [and: "Banking Business of every description, transact ed.

Current Accounts opened, Spacial Depaalts received at special rates, and Fixed Deposits received for one yaar or shorter period at rate which be quoted on application Bafe Deposit Boxes

Interact allowed on Uurrent As for hire,

received: Zor" find.

AURA PHILIP GOÇKOLIN. off frake Chief Manager be obtained on application. T GOCKCHINS

“Assistant-Manager

HONG KONG BRANCHISERA 24, Des Voeux Road, Central Manager's Office Aao. Tel 525OK. Foreign Exchange Dept General Office. Cashier's Offica

38587

THE SHANGHAI COMMERCIAL

SAVINGS BANK LIMITED "[Incorporated. In

Capital pald

Reserves Capital Reserve

and

Hou

LI SHU FONG

Debentures

Land 4%. 101% Shanghai Landa Sh. $22 n." Metropolitan Lands ́ Sh. $12.20. 1. Humphreys $101n...... H.K. Realtles $5.10. n.. Asia Realties "A", Sh. $100 z.' Asia Realties "B" Sh. 17 n. Chinese Estates $98 m. "China Realties: Sh. $10.60, n. China Debentures 85$128 n.

Public Utilities · · H.K. Tramways $19.30 b. Peak Trams (old) $81⁄2 n. Peak Trams (new), $6_n.' *Star Ferries $84 h.

Yaumati Ferries $22 u.

"Grains:: Offerings are increasing

The following table shows.com

on advances.. Wheat: Total salen;- 11,191,000 bushels, Corn: Total Merchandise sales: 7,894,000 bushels.

Treasure

"Cotton: After March liquida-Total tion, a technical recovery, especially

in May and July options, is expect-Merchandise ed.

Tressure Total

IMPORTS

Jan. 1935 Jan. 1934) ..$34.274,109.332,549,352|

· ́4,501;39 1,737,930 38,776,101 34,287,292 EXPORTS

Jan. 1985 Jan. 1934 $26,842,125 827,390,494 7,990,017-8,379,672

34,832,172 35,770,166 Monthly Fluctuations › Since January, 1984, total im

""Rubber: The hesitancy of buyers, pending Tuesday's restriction quota arinouncement, has aggravated the effect of March liquidation. Total ports of merchandise into Hong sales-609 lots.

Kong fluctuated from the lowest | "Silk: Trade buying was poor, Hong Kong dollar value (29.6 mil due. to the expectation of an easier llons) in February, 1934, to the Yen. There was a continued slow highest (89.7 millions).In August, movement in finished goods. Total 1984; whilst Exports fluctuated Isales:-215. lots,

from $22.2 millions in February,

"Flash: Mill activity is estimated 1934, to $29.7 millions in October, at 47.9 per cent. of capacity."-Reu- 1984, tet..

E. A. Pierce And Co.'s Report

In their market report, the RAW RUBBER PRICES American Oriental Finance Cor- poration, correspondents Messra. E. A. Pierce and Company

of New York state:

for Latest Quotations From-

Singapore

"Stocks: The liquidation of rail

securities, the depressing influence Mesara. H. B. Joseph & Co. Com

of legislative uncertainties, and Pany have received the following doubt-of the nearby business trend quotations from Singapore for Raw governed sentiment.

"Grains: Easier conditions pre valled in the wheat market early on in the session, due to scattered moi- sture reported in parts of the dry areas and on easier Liverpool ad vices; later a full recovery was seen on reports of a good visible de crease.

Corn followed wheat. Country offerings remain light, ·

(Continued on Page 7).

COMMODITY PRICES

The following quotations have; been received by Reuter..

July

Sandakan Lights $8 n., $25.40 b. July

Telephone (old) $253⁄4 b. 5

Telephone (new) $10.10 b.

China Busen Sh, $12.40 n Singapore Traction 8/- b. Singapore Pref: 19/- b.

Industrials Malabon Bugar $8%) nå Cald: Macg, (Ord.), Sh. $21 Cald: Macg. (Pref:) Sh.$16.n. Canton Ice: $24 b

Rubber,

Spot 21 down .. April-June 22 % down 4, July-Sept. 24 down

Market Uncertain.

NEW YORK STOCK EXCHANGE

Reuter Quotations

February 22, The following quotations from New York have been received by 'Reuter," Last

Feb. 24. Feb. 25. N.Y. London Closing Closing: N.Y. Cotton

Mar.

close 10.18 - 11.00:

February. 26.

4.86% 4.88.

Amer Smelting 354-86

Int Tel&Tel PUB Loew's Inc.

Montgomery W: 28% 25%

gone

Everything BUT YOUR

SAVINGS

RENT

FOOD

CLOTHING

HEAT

TAXES

WATER

CHITS

SAVINGS

SAVE SOMETHING

START NOW UNDERWRITERS SAVINGS BANK FOR THE FAR EAST.

INC.

Asia Life Building

Hong Коп

Tel: 30234

Is It Insured? ?

Insurance All Claraes LOWEST RATESPOR

American Asiatic Underwriters Fed, Inc USKA General-Agenta

17. The Bund

Shanghai

HK. Office

-Ania Life

Unguarded Car Kills Its Owner

Mr. Charles-Hayward, aged 40, a commercial traveller, of Streetly,

near Birmingham, left his car in the road while he unfastened the en- trance gate at his house.

The car ran down the incline and. pinned him against the tate post 33When released he was dead.

8

4.86% Head Office

12.30

12.28

12.28

New York Cotton: March

July

12.40 12.44 1247

Oct

12.41

12.40

1240

12:30

12.29NY Rubber

May

12.40

12.42 Mar

13.18 13.06

13.04

12.46

12.50

July

18.48

18.35

19.82

October

· 12.41.

12.44

Sept.

18.60

13.55-

·18,49

December

12.47

12.49

C. Wheat May 97

·965

STRANGE FATALITY

July

81%

914

[January (1986)

12.50

12.51

C. Corn May 844

94%

Społ

12.55

12.55

W. Wheat May 83

821

C. Lights $10 b., 10.10.a. and

New York Rubber:

STOCKS.

H.K. Electrice $71-8a;

March

18.13

$12.96

Con Gas N.Y.

163% 16%

Macao Electrics $25. n.

May

13,30

13:10 13:43 18.2617

Da Pont 94%

937C

September

13.60.

$13.4244

Elec Bord & Sh 5 General Motors 30.

30

October

18.68

18.50

843% 8434

December

19.84

13.68

Chicago Wheat:-

NYCentral

Nat Distillers, 271 264.

84%

*16% - 15%

2036 15%

May July

+97

97%

Standard Oll NJ 40

8074

91%

U.S. Stoel

83% 32%

September

90%

00%

Chicago Corn:--

May

844

841⁄4

July

80%

·80%

September

76%

76%

Winnipeg Wheat

||May-

88

83%

July

82%

8254

New-York Sugar:

March May

2.00

1.98/09

2.08

2.05/05

July

271

2.10/10

Beptember

2.16

2.15/15

Decer

2.21

$2,22/20

H.K. Amusements: $1.85

Entertainments,

187)

1.34

B.C. Enterprises Macao Greyhou Constructions

65 m.

138

186

13754 1.85

1.70

55,45

1925: GS)

#56:16.

Cements 32:05

H.K. Ropes 3.80 n. W Stores, ete.

Dairy Farms $2854 6.

Watsons $4, n. Lane Crawfords $8.75 n. Mackintceho, $21. Sinceres $31

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

Miscellaneous.

56:40 56.65

57.25

CORRESPO

S. E. Levy & Co.

7, ICK HOUSE STRÉER.

INVESTMENT BANKERS & BROKERS

NEW YORK COTTON, EXCHANGE

COMMODITY EXCHANGE, INO, N.Y CHICAGO BOARD OF TRADE

CANADIAN COMMODITY, EXCHANG