1935-03-08 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised Capital ...................... Issued and Fully Pald-up Reserve Funds:

Sterling.... £ 6,500,000

prietors

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

$50,000,000

20,000,000 Incorporated by Royal Charter, 1859.

'HEAD OFFICE: LONDON ·

·Silver .. Reserve Liability of Pro-

$10,000,000

Paid-up Capital

20,000,00

Reserve, Fund.

Reserve Liability of Pro

HEAD OFFICE: HONGKONG,

prietors

£5,000,000) £3,000,000

.£3,000,000

Agencies and Branchent

DOARD OF DIRECTORS,

Aice Star

Floi!

Rangoon

#. II. Dodwell. „K' my.

Ipok

Balgon

Pangkor

Kareahd

Platavia

Klang

Bombay

Calentia

KHals

Luopur

Cawapre

Kuching

Gebu

dra

Colomb

Mabila

Delhi

Kadan

14iphas

Chairmas.

V. G. Knight. Hag. Deputy Chairman.

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

A. H. Compton Esq

Hon. Mr J. J. Paterson, Hon. Mr. C. G. 8. Mackin,.

G. Miskin Esq.

AMOT

MANDKON...

BATAVIA BOMBAY

DALOUTTA

DANTON.

CHEFOO

PAIREN FOODG

(AMBUKI MAXEUW

FARDEN HANNERW

P01

701.18

KOR

ROWLOON

T. E. Pearce Esq.

T. H. Graybea, begi

Chiel Manager.

REANCHES-

KUALA LUMPUR LONDON

LYUNS

RALACCA

MANULA

MUAR (Sobor)

KURDEN

NEW YORK

PRIPING PENAKU BAKOOON

BAIGONNA

BAN FRANCI500

SHANGHAI

SINGAPORS

SOUBALAYA

BUNGEI PATANI

TIENTSIN

TURTO

TRINOTAO

YOKOHAMA

Cute-opened-la. Local Curring

Amritar

Haw York

Polplug

Spreng

Berazban

Shaoghal Singapore BILATER Bourshe

Taising Tianlala Tasaka *(Dhaker] Tsingtao Tokocams Zamboanga.

Hamburg Hankow

(Paking). Тельод Trebin

ong Kong. Forsigs Eckage and General' Beaking business Current Accounts opened and Fixed Depot receifad for ne Ther or short period at rales

A. BREARLEY.

whlok vid be, quoted on application.

Manager. Hong Kong, 18. January, 1935.,

THE BANK OF CANTON, LTD.

Established 1912. ··

Head Office:-Hong Kong.

Authorised Capital ....

Paid-up Capital

Total Resourcen ove

$11,000,000

8,655,000 82,170.492

THE CHINA MAIL, FRIDAY, MARCH

Commerce and Finance..

LOCAL DOLLAR IMPROVES

Silver Prices Advance

"The local dollar, has advanced 4, opening on demand this morning at 2/-.

Spot and forward silver prices] also advanced, being quoted at 27% and 27%, respectively."

The London on New York cross- rate was quoted at £U.S.$4.743⁄41⁄2- (88

compared with U.S.$4.77, while the New York on London rate remained unchanged, being quoted at S-U.S.$4.75.

NEW YORK

EXCHANGE Reuter Quotations

STOCK

March 8.

The following quotations from New Hankow, Bangkok & Ban Francisco. York- have been received by Reuter. - London Bankera: Lloyds Bank, Ltd..

and Fixed Deposite morived for os Branches: Canton, Tolshan, Shanghai, sborret periode la incat Company and tacting farms which will be quoted on applicatio. Hong Kong, 25th February, 1935.

HONG KONG SAVINGS BANK.

The Busines of the shore Bank is conduct

the HONG KONG AND CHANGWAY

BANKING CORPORATION. vélained on application.

F THE HONG KONG AND WHANDILAI MANKING CORPORATION

V, M. CHATHUBX,

Chiel Haneret. Hong Kong, 25th February, 1935.

THE BANK OF EAST ASIA, LTD.

Karibelord Caprin *¶¶¶¶ Ava and Unded Probe

14 Ko

15,406,800.00

B.BOR end.

2,484, 09.00

HEAD OFFILE-HONG KONG 1. Der Vorbe Bood Central.

BOARD OF DIRECTORE —

Bit thou-son Chow, Chairma.

Chu

Bag, F. K. Koh, D. How

Chan Ching Rhab, Zag.. I L

In Tong. Chu Bon, Zoq. and Kan Ting ||

M. ZM.

Kan Tony Po, F: Culat Maungw.` LT Fong... Mansge

--

BRANCHES AND LOENCIES —–

Alanila Non-

Benizle

Materia Bombay

New York

Semarang Bbangkal Singapor

Santos

Ünala

Surabays

Fari

WWW

hydasy

Talboks

Tankefa

Kewicon

Haigon

Tokyo

Ban P:Ancien

· Hulphona

Haskow

Halal Kabe

Pelgru

Rangoon

'v

FRONT Yokohama Every dwcription of lacking and Erehaugs Troops granted an approved. boss trained.

curities.

Ctresas Areounts opened in 1.com! Curren

and Fixed Deposit rapeived for

shorter periori in Loral and Ford

YOUR OF Defrasclet

· and

Banking: Foreign Exchange business of every discription trans-N.Y./London

IN.Y.. Cotton.

acted.

Current Accounts opened and Fixed:

one year Deposits received for shorter periods at rates which will be quoted on application,

Safe Deposit Boxes (various sizes)

'LOOK" POONG BHAN,

for hire..

Chief Manager. Corn May 81%

SAFETY FIRST!

To Safeguard Your Valuables and Jewelleries.

Deposit them in a Vanit

that is really:

FIRE PROOF

BURGLAR-PROOF

DAMP PROOF!

OUR SAFE DEPOSIT VAULT

LOCAL SHARES.

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

n

Banks. her HK Bank $1820 b, $1340/10 BA. H.K. Band (London) £1291⁄2 Chartered Bank #15 Mercantile Bank A. & B. 314 n. Mercantile Bank C. £181⁄2‚ñ‚ ̧ Bank of East Asia $85% n Am: 0. Finance Corp.,. Sh.$20 n. China O. Fin. Ord., Sh. $1.80 n. China 0. Fin. Pref Sh.-$4.

Insurances.

Canton Inc. $260 n.

Union Ins. $420/10: 884 245

......

NEW YORK STOCK

MARKET

Time For Buying Good Dividend Stocks

RUBBER FUTURES DISPLAY

BETTER TONE

HARBOUR COLLISION

Judgment In Favour Of Michael Jebsen

CHIEF JUSTICE REGRETS POSITION PLACED IN

NEW ADVERTISEMENTS

THE HONG KONG FIRE INSURANCE CO., LTD.

NOTICE TO SHAREHOLDERS.

The collision between the steam-THE SIXTY-SIXTH ORDINARY" ships: Michael. Jebsen And Chlan GENERAL MEETING

of

In their market report, Messrs. Lee was recalled in the Supreme Shareholders will be held at the SE Levy and Company corres Court this morning, when His Offices of the undersigned on FRI- pondents for Meaers, White Weld Honour the Chief Justice. Mr. A. D. DAY, the 29th March 1985, at A. Macgregor, delivered judgment Noon, for the purpose of receiving and Company New York state:

Stocks: We continue to believe in favour of the former vessel. the Report of the General Man- The 8.6. Michael Jebsen was on a agers, together with a statement of that low interest rates and in- dustrial activity warrant an ac voyage from Bangkok to Hong Accounts for the year ended the Business done:-40,000 shares,ed the Harbour by Sulphur Channel The SHARE REGISTER and cumulation of good dividend stocks, Kong on August 7, 1984, and enter-31st December 1984.

Cotton:An increase of offerings at about 7.18 p.m. When she round-TRANSFER BOOKS will be ed Green Island, Captain Thaysen. CLOSED from the 15th to the 29th on all advances is still feared.

Grains-New buying is negl of the Michael Jebsen, observed the March, 1935, both days inclusive. gible. The advance was mostly lights of another vessel about five JARDINE, MATHESON & due to short-covering. Total sales -Wheat: 27,776,000 bushels, Corn |17,560,000 bushels,

...CO. LTD. General Managers,

or six points on his port bow, and about one mile distant. That ves- sel, the sis. Chian Lee, appeared to The Hong Kong Fire Insurance

Co., Ltd.

a conalderable

were small, while dealers were fair speed. China Underwriters 31 Rubber: Offerings of actuals be proceeding at China Fire Ins. $490 n.

buyers. A better tone was in evi! The Michael Jebsen sounded one H,K, Fire Ins. $218 n

dence on the Futures market. Out- long blast on her whistle and her International Assce. Sh. p. aide interest is needed to sustain officers heard from the Chian Lee"

advances. Total sales: 4190 lots. Shipping.

FlashBrokers' loans increased by $93,000,000.

Douglases $89. H.K. Steamboats, $7% ni Indo-Chinas (Pref.), 350 m.) Indo-China (Def.), $38 n.' Shells (Bearer) $49/411⁄2 n. Union Waterboats $121⁄2 D.

“Mining...]

Antamoke 87 eta, Ba Balatoes $48 m. Bugulo Gold 89 cta, sa. Benguet Consolidated $14 n. Benguet Exploration 15 eta. n. Benguet Goldfeld 10 cts. n.

Gold Rivers -18 cts. ..

Itogans 42. cts-n-

n.

· Last close 10.15

11.00

4.744 4.744 - 4744

July

12.37

12.37

12.37

OF .Det.

N.Y. Rubber

12.23

12:23

12.25

July

12.10

11.97

12.00

Sept.

12.26

12.14

12.26

C.

Wheat May 95%

95%

Big Wedge, 10 cts.

July

89

9014

Gold Creek 381⁄2 cto. n.

82

W. Wheat May 69% STOCKS-

R3%

Ipo Mining $31

Amer Smelting 344

34

36

Con Gas N.Y, Du Pont

16%

10%

17

01%

024

Kailan 17/-k..

Elec Bond & Sh 44

·4%

General Motors 284

28% 28

Int Tol & Tel

7

S'hai Exploration Sh. #5 n,

Loew's Ine

34

34%

84%

S'hai Loans, Sh, #6 m.

Montgomery W. 23%

23%

24%

Raube $55.

Nat Distillers

25%

·20

20%

N.Y. Central 183

184

13%

Venz: Goldfield $5 ...

88

36

Docks, ele.

80% 31.

81%.

div. no H.K. Docks $11% n.

Providents (old). $1.20 n.

located on the Mezzanine Flöör of Standard Oil NJ 38 Oar New building is Specially Con- US. Steel

stracted to provide all of those Im

portant Qualities,

You may

obtain a Safe Deposit

Box in this most up-to-date Vault for RAW RUBBER PRICES

your own, use at a very moderate Ren- Ital

Inspection Cordially Invited. THE NATIONAL COMMERCIAL

& SAVINGS BANK, LTD. Corner of Ice House Street and De Vooux Road, Central

Тав

Latest Quotations From

Singapore

Messrs. H. B. Joseph and Com pany have received the following Straits currepey quotations from Singapore for Raw Rubber.

forestilch will be quoted appleton AMERICAN EXPRESS COMPANY, Spot:-20 % Up...

Bala Depok Boxes To It

TONG PO, Chist Manager.

INC.

Head Office: 85, Broadway, New York

Capital Surplus

THE BANK OF TAIWAN, LID.

Head Office: Talhoku, Formoss, Incorporated in Japan by Special Imperial Charter, 1899,

Central Bank of Fermosa, Notes

Issued Average amount Y.46,000,000 Branches and Agencies,

Japan-Kobe, Osaka, Tokyo, Yako Makong, Nanto,

hams.. Kotiku, Taichu, Tainan,

Shoka,

Taito, Takao, Tamsul, Toen, Karenko,

Kagi, Heite, Giran

China-Amoy, Canton, Fosebow, Han-

kow, Shanghai, Swatow.

kow

Others: Bombay, Hong Kong, London,

Reserves

April-June: 21 % Up July-Sept.-22 44 Up 4-7

Market:-Quiet.

.U.S.$6,000,000.00 THE CHINA & SOUTH SEA BANK,

2,087,112.60 1,995,528.81.

BRANCHES:

Antworp

Ass

Наді Berila

Gand +Glasgow

The lingue Натам HAM BITE Haven

Bombay

Bromen

Brusela

Beldalberg. Interlaken Zacateca

Calcutta

Colomb

Galro

Can

Copenhagen

Edinborgh Floresee

London

Lerpool

Loure

Estice

LASOR

Noblew Firmena Tade Pripin Palitr Retarda

Skoghad

Apok

Phormi

Saalllen

Monte Car

Manila

ே

Yokohama Zurich

Tew York, Singapore, Batavia, la

ng, Boerabaya, Dairen. Samarang,

On and after April 20th, 1984, the on Special Current rate of Interest Deposit will be at 1% pa on daily balence and the rate for balance over $10,000 will be quoted on application (Maximum rate-134).

T. OHNO,

Manager

8. Des Voeux Road, Central.

Hong Kong Branch

THE YOKOHAMA SPECIE BANK LIMITED.

Established 1880 Ompital (folly paid-up) Yen,100,000,000 Reserve Fund

Мответ More

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

All clauses of Commercial Banking Fransactions undertaken.

Personal Investment accounts handled.

The Company offers to intending Travellers the use of its "Travalora Cheques and Letters of Gredit and In addition, the world-wide services]

its thoroughly equipped Traval De

Yen.124,250,009partment.

Head Office-YOKOHAMA Branches and Agencies at:

Nagasakt Alexandria

Nagoya New York Danks Paris

Batavia

Berlin

Bombay Calcutta Canton Dairen (Dalny):

Pelping Rangoon

Ban

Francisco

Yengilen (Mukden) Rio de Janeiro Hamburg Hankow

Rong Long

Honolulu Brinking Karachi

Robe

Tientsin

London

Singapore Soerabaya Bydney

Tokyo

Tsingtan

Tingkow

Moj

Inter

1

EW. DUGGAN,

Marager

THE WING ON BANK, LTD, TONG LONG.

Authorised Capital $10,000,000

Foreign

Exchange

Bralness of ovary

and Banking

Apron transact»|

Current Account

opened, Special

Deposits received at special rates, and

Fixed Deposits received for one year for shorter period at rates, which will

be quoted on application

Safe Deposit Boxes (various daizes

BAVA PHILIP GOOKOHIN

TAZGOCKCHING

LI BHU TONG

· LIMITED

(Incorporated in China)' Head Office...Shangbai

Capital

Reserve

Branches

..$7,500,000.00 .$1,500,000.00

All Important Cities in Chios

General Foreign Exchange- and Banking Basiness transacted.

Current and Saving Accounts opened and Fixed Deposita received for one year or shorter periods at rates which will be quoted on application.

BOU.Z. CHANG,

Manager. HONG KONG BRANCH: 24. Des Voeux Road, Central Manager's OfficeTel 88565 Foreign Exchange Dept.

#88686 88567 General Offer AKKUKKALE M9:

88589 Cashier's Offer

THE SHANGHAI COMMERCIAL & SAYINGS BANK. · LIMITED,

(Incorporated in China) Capital paid up ...$5,000,000. $7,000,000. Reserves n

|| Capital Bavings Dept. $600,000, Reserve, Bavings Dept. $600,000 W Head Offee-Shanghai -

A Bank having sa ita misalon the Industrial development of China and the fostering of her comme cial relations abroadswor Hong Kong offics-7, Lea House 156.

Phone, 51481-3-MEG

Is It Insured?

Salacots; 16 cte.. ni

Langkats (Single) Sh. $15 n

E. A. Pierce And Co.'s-Report

1

Hong Kong, 8th March, 1935.

one short blast followed by one long COMPANY MEETINGS blast, which they attributed to the jamming of her whistle. This was

later followed by two short blasts THE DAIRY FARM ICE & COLD which they read as an indication STORAGE COMPANY LIMITED. that the Chian Lee was altering her course to port. The Michael Jebsen the Cor-then gave a further short blast and for altered her course to starboard, but Messrs. E. A. Pierce and Company, there was no answer from the Chian

Lee to that signal.'"," of New York state:

In their market report, American Oriental--Finance poration,

correspondents

"Stocks: The lull in to-day's mar- ket may indicate a desire to await! further developments in the inter- national monetary, situation.

Conflicting Evidence

་

NOTICE TO SHAREHOLDERS.

TOTICE IS HEREBY GIVEN.

on

that the THIRTYNINTH OR |DINARY YEARLY. MEETING of the Shareholders in the Company will be held at the Company Town The Chian Lee seemed to be rain-Office, 2 Lower Albert Road, taining her course and speed, and THURSDAY, 14th March, 1988, at Grains: The firmness of Liver-as a collision seemed to be imminent noon for the purpose of receiving pool and the better tone of other the Michael Jebsen went hard the Report of the Directors together markets helped grain prices for a-starboard, ber-engines were put with statement of Accounts declar most of the day. A good reduction full astern, and three short blasting a Dividend and Re-electing is looked for in the visible supply of were sounded from her whistle. Directors and Auditors, en 'n & shane

The TRANSFER BOOKS of the wheat on Monday. Argentine corn This was at 7.54 p.m. and at 7.56 news was bearish, but the market pm, the vessels were in collision. Company will be CLOSED from 2nd An unfortunate feature of the March to 14th March, 1985, both paid little attention to same..

"Cotton: Selling dwindled to-day, cane is that the accounts given by days inclusive. ** while small price-fixing was in the witnesses for the Michael Jeb By Order of the Board of Directors

J. D. THOMSON, evidence. The appearance of orders sen and the witnesses for the Chian every differed on almost

Secretary. rallied the market moderately from Les

material point, as to course, speed,Hong Kong, 21st February, 1985. H.K. Wharves $118 Cam rts, ex the recent lows.

ruled and sound signals, 2 market "Rubber: The firm, after opening heavy, In these circumstances," His on buying from abroad. Dealers Honour said, in conclusion, there buying, devolves upon me the unpleasant and factories' were on Exchange, as there was little duty of deciding on which.vido, the offered on the outside markets. balance of truth lies.Have come

The to the conclusion that cannot ed Prices in London were steady trade belleved that the teomical cept the story told by, the officers-o position of the market is good the Chian Lee I can and nothing "Sugar: Steady conditions pre- the action taken by the Michael valled on the market. The Spot Jebsen in the agony of the colliston quotation stood at 3.00 cents on that convinces me that she was in sales of stored Phillipines. Cuban any way responsible for the collision. offerings were lens, due to the threat I find that the Chian Lee was solely

A debit.balance of $113.11 for the Re-to blame for this collision, and in of a general strike in Cuba. fined prices remained unchanged."—each of these consolidated actions 1 past year was reported by Sir Wil

enter judgment accordingly, with Ham1 Shenton, President of the Messrs. E. A. Pierce & Company's costs against the owners of the European Y.M.C.A., at the Associa

tion's annual general meeting yes... report on the opening of the mar-Chian Lee."

terday This, he said. was un- Keta

doubtedly caused mainly by the re duced uumber of residents in the building, especially last, summer.".

Providents (new) 20.cts. b.,

cta, sa

Hongkews, Sh. $309 n. New Engineering Sh. $5.8. S'hal Docks, Sh2 120 d.

Cotton Mills,

*

Ewo Cottona Sh. $8.80 B. S'hai Cotton (old) $74 n." S'hai Cottons (new) $45 n. Zoong, Sings Sh. $9.30 p. Wing On Textiles, Sh. $55 n. K, Wharves rights $20 n.

Lands, Hotels, etc. H.K. and S. Hotels $5.05 g. H.K. Land $44 n.

H.K:

Land 4%

Debentures

102% n. Shanghai Lands Sh. $22 n. Metropolitan Lands Bh. $12.20 n Humphreys $91⁄2 1.

H.K. Realties $5:10,n. ̧ ̧ Asla Realties"A" Sh-$100 D.' Asia Realties "B" Sh.$17 n. Chinese Estates 893 n. Chins Realties Sh, $9.60 n. China Debentures-Sh.$128_n.

Public Utitles HK. Tramways $18 Peak Trams (old) $81⁄2 n. Peak Trams. (new), 16 n.. Star Ferries $93 n° Yaumati Ferries. $22 in. C. Lights $9.90 b., $9.95

$9.90/10 sa

n.

H.K, Electrics. $69% sa. Macao Electrics $25 m.

Sandakan Light $8 n. kur Telephone (old) $241⁄4 sa. Telephone (now) $10.15,n. China Buses Sh. $12.40. n. Singapore Traction. 10/9 n. Singapore Pref. 20/6 n Industrials

Malabon Bugar $8% 0. Cald: Macg. (Ord.), 8h. $16 n. Cald: Macg. (Pref.); 8h. $16 m. Canton Ices $240.

Cements converted: $7.60 n. H.K. Ropes $8.80 n.°

Stores, etc. Dairy Farms $223⁄4 B Watsons 68% n. Lane, Crawfords $3,75 D. Mackintoshs, $21 ng Sinceres 18 n

Wm. Powells, 70 cta. n. Wing On (HK) $105 n. WR Miscellaneous.^!..

H.K. Amusements $1.85. n. Entertainment 173 8.C. Enterprises $185 m. Macão "Greyh

Reuter.

+

The opening of Wall Street to-day was mixed, while trading was very light.

On 'the cotton market at the open? ing foreign and domestic fiquidation continues. Domestic trade. Was giving the market direct support

The tone of the market was fairly Jateady

by

Brokers loans increased $99,000,000.

CHINESE Y.M.C.A. MEMBERSHIP

New Campaign Starts To-day

Y.M.C.A. ANNUAL MEETING

Small Debit Balance Shown For Year

APPEAL TO MEMBERS TO PAY PROMPTLY

Sir William Shenton said that the most Important decision of the

under review was the discontinuance Board of Directors during the year of the compradore system, and the substitution of a catering staff, un- Mr. David W. K. Au, President der the able direction of Mrs. Fo of the Chinese Y.M.C.A., made a ter; in its stead. He mentioned strong appeal to the Chinese com-that the change had proved decided- munity in the Colony for support ly beneficial

He spoke with regret of the as- for the Association at the mem berahip and financial campaign tonishing number of bad debts in- dinner held at the Sincere Com-volving time hundreds of dollars pany Roof Garden last evening.Buffered by the Association and exe Twenty-three teams were organ-tended a plea to members to meet. self definitely regarding such de- laed to work in the campaign, their obligation promptly. talls as the amount of the loan,

INTERNATIONAL LOAN TO CHINA

(Continued from Page 1)

He, however, did not commit him-

which commences, to-day and

the countries involved, and the which will last until April 8. The

One case of scarlet fever WEB JE

terms governing its security and objective of the campaign is 180, ported to the Health Authorities redemption.

Mr. Kung declared that negotia- tions were still progressing and attributed China's need for a loan to the world-wide economic depres sion and the policy of the United States Government of purchasing silver from foreign Countries Reuter.A

FRENCH OPTIMISM: Paris, To-day While no relia ble information is yet available it is believed in French financial circles that a loan to China is favourably envisaged by the French authorities.

SPALI

It is held that such an opera- tion would conform with policy: Further it is argued that sound currency is based upon the fu tura distribution of gold credits.

It fa thought that America would be glad to solve the occasion to compensate China for her disad- antage due to the American ails

price-raising policy-Reuter.

1000,

daring the 24 hours ended Wednesda

S. E. Levy & Co.

ICH HOUSE STREET

JNVESTMENT BANKERS EROKEER

NEW TOLL COTTON EXCHANGE

P MORITY. EXCHANGE, INC. N.T.

CORR.BA

CHICAGO: BOARD OF TRADE CANADIAN COMMODITY EXCHANÒS,