1935-03-12 — Page 6

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION

Authorised, Capital ....... $50,000,000

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Isued and Fully Paid-up 20,000,000 Incorporated by Royal Charter, 1858. Reserve Funds-

Sterling 20,000,000 Silver $10,000,000 Reserve Liability of Pro- prietors... ....

HEAD OFFICE, HONGKONG, BOARD OF DIRECTORS.

8.11. Babwall, 3294.

Chairman,

0. C. kontakt Regj.

Deputy Chal

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

A. H. Compton Esq..

Hon. Mr. J. 3. Paterson, Hon. Mr. C. G. S. Mackie,

G. Miskin Esq.. T. E. Pearce Esq.,

Y.. K. Grayburn, bag,

HEAD OFFICE: LONDON

Finger BLARED Fourabaya Tripl

THE CHINA MAIL, TUESDAY, MARCH 12, 1935

Commerce and Finance..

KWANGTUNG PAPER MILL

Construction Being Rushed

Canton, To-day. Work on the paper mill esta- blished by the Provincial Dopart- ment of Reconstruction at Nan jahek-tow ja now being rushed. Up to date, the wharf, a road leading to the mill from the wharf, the Foreign Exchange and Garl Banking business general office building, and the Curreal Accounts opened and Fixed Depots dormitory of workers have been relvad for the year or shorjar perioda vi rales | which will be goosed pe application.

completed... A. BREARLEY:

20,000,001;

Paid-up Capital Reserve Fund

Reserva Liability of Pro-

prietora

.£3,000,000 ..£3,000,000

.£3,000,000

Agencles and Branches:

l'Alar Sime

Holl I

Amelia

Hangoo Bulgoo

Bangkok

Karach

F

Batavia

Kinde

Heteltban

Barbar

Kobe

Shanghai

Kuala

Canton

Lumpar

Cawnport Cebu

Xocking

Madra

Colomba..

Tiene

Delb

Heds

Tonaka

Sulpaner

New York

(Uhuker)

Tamburs

Pelping

Ixlogine

Chief Marg

Hapkow

Poking)

Yoholiatin

Harbin

TODDLE

Zumbang

BRANCHING-

Hari Bund

KUALA LUMPUR LONDON

LYORK

MALACCA

MUAB (Johor)

KURDEN

NEW YOKE

FOODKOW

HAIPHONG

#AMBUNG

HANKOW

TARAIN

HONGKEW

4

All

101

201

*MOY

MANOKON

BATAVIA

BOMBAY

HALCUTTA

DANTON CHEFOU DOLOMBO DATEN

TỔ LUÔN

MANILA

PELPING PENANG

RAKODON

BATION

SAN FRANCISCO

BRASONIAL

SINGAPORE

KOULAUA YA

11ENTEIN

RUNGE PATANI

TONYO

1 דנא איר

YOROUAMA

Curreal Accuenia opened in coal Currency sad ised appelle raceited for one you or shorter periods in Local Company and Marin

ride which will be quoted on application. Hong Kong, 25th February, 1935.

Manage

Hong Kong, 1st. January, 1935.

The machinery, which has been ordered from abroad, will arrive here next, June when the whole mill will be completed.

Wood of fir tree will be used as:

THE BANK OF CANTON, LTD. raw material in manufacturing the

Established 1912.

paper. Various counties under Jinstruction of 'the' Reconstruction Department are now. busying $11,000,000 themselves in the planning of fr

8,858,000 82.170.492 groves.-Central Tress.

Head Office:Hong Kong, Authorised Capital Paid-up Capital Total Resource Branches: Canton, Toishan, Shanghai, Hankow, Bangkok & San Fransisco

London Bankers: Lloyds Bank. Ltd.,.

Foreign Exchange and Banking HONG KONG SAVINGS BANK. busines of every discription trans-

acted

1 Buelnass of the abové Bánh is conduct ed to BONG KONG AND ENLANDIJAL BANNERO CORPORATION, Kutse may be

bind on application.

Kin THE HONG KONG AND SHANGHAI BANKINO. CORPORATION

Y. M. ORATBURN,

Chief MankesATI

Hong Kong, 25th February, 1935.

THE BANK OF EAST ASIA, LTD.

Akikorisad Cajonin Paid-up Capital

Sara and Dad

HEAD OFF

subiecie, pitters@10,000,000,00

Probte $2.434 100.00

OND KONG

12, Des Valua Road Content.

Mynd of piNECTORS 1— " Birou-ana Chow, Chairma

14 Inon C Eng., F. R. Kwok, Z. WOOL Yun Tong, Exŭ Chau Ching She, Esq., Id Las Bang Pac, Wh: Chu Buy Fay, and Ken Ting P. Eng.

Ka Tor P 1-n. Clio! Manager.

1. The Paugi, ..., Masager.

BRANCHES AND ADENOTES:-

moj

A cartila

Me

Bemarang

Bobw

Nagh

Bhaugha

Daleutia

Now

Singapor

Saxion

Chal

Koutny

alphasy

Paris

Breton

Bankow

Budg

Pediky

Banolulu

Trikaku

Kobe

Stangoos

Tiantain

Kowloon Codon

Saigon

Jobra

Petiong

Ba Franders

Tandon Tie Yokoham Every description of Ranking and Exchange Loans graciled approved insertad,

Darreal Arouutili speed to Eval Currenc and Fixed Depola reived for, convert beter peril in Local and Foreign Currencies interics which will be quoted, so appli

Safe Dupe Zionym To Lues,

KAN TONG PO

Chief Mag.

THE BANK OF TAIWAN, LID.

Head Office: Talboku, Formosa, Incorporated in Japan by Speciál Imperial Charter, 1809.

Central Bank of Fermosa, Notes

lasted Average amount Y.46,000,000

Branches and Agencies.

Japan Kabe, Osaka, Tokyo, Yoko

Keeling Makong, Nanto, hamu.hinchiku, Taichu, Tainan,

Shoha,

Trito, Takao, Tamaui, Teen, Karenko. Kugl, Helto, Giran.

China: Amoy, Canton, Foochow, Ban-

tow, Shanghai, Swatow.

Others: Bombay, Hong Kong, London, Singapore, Batavia, New York, Samarang, Socrabaya, Dairen,

and after April 20th, 1934, the rat of Interest on Special Current Depit will be at 1%% p.a. on daily balence and the rate for balance over 810,000 will be quoted on application, (Maximum rata-1%)."

Y. OHNO,

Manager.

8. Des Voeux Road, Central.

Bong Kong Branch

OF

CANTON'S DRINKING|

FACTORY

Current Accounts opened and Fixed To Be Completed Next Deposits received for one your shorter perlode at rates which will be quoted on application.

Safe Deposit Boxes (various sizes)

for hire.

LOOK POONG SHAN,

Chief Manager

SAFETY FIRST!

To Safeguard-Your Valuables and Jewellerfon. Deposit them in a Vault that is really: FIRE PROOF BURGLAR PROOF DAMP-PROOF!

Month

Canton, To-day. The work of construction of the drinking liquid factory in Sal- chuen established by the Provin cial Department of Reconstruction is fast proceeding. It is expected to be completed at the end of next month according to the De- partment.

The beer and the aerated water] departments will be first Lablished in the factory. Machines

*50

OUR SAFE DEPOSIT VAULT which have been ordered from located on the Mestanine Floor of abroad will arrive in the middle Our New building to Specially Con- of this month.-Central Press. atructed to provide all of these Im-

portant Qualities,

You may obtain Safe Deposit RAW RUBBER PRICES Box In this most up-to-date Vault for

your own use at a very moderate Re

tal.

Inspection Cordially Invited. THE NATIONAL COMMERCIAL

& SAVINGS BANK, LTD. -- Corner of 'Ice House Street and Des Voeux Road, Central

." THE

AMERICAN EXPRESS COMPÁNY,

INC.

Head Offee: 65, Broadway, New York

Latest Quotations From Singapore

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

Spot 19 down . April-June 20% down. July-Sept. 21 % down 1 cent.

Market-Easier.

THE CHINA & SOUTH SEA BANK,

UMIITED

(Incorporated in China) Head Office...Shanghai

ROBOTTE

Branches

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

..All Important Cities

In China Foreign Exchange and

Capital Surplus Reserves

.U.S.$8,000,000.00 2,087,112.60 1,995,528.31

BRANCHES:--

Amitm

Capital

Antwerp Albane AU 11onize

Kic

• The Hague

Berlin

Harana Hamburg Ulaze

Bombay

Pirmus Paris Palpint Palet Halter

Bravasla

Cabre

Loodop

I dyrepand

Lugand

Maroel Monte Chile

Manila

Mobloh

Vlasta VARLOO Yokohacc Kurich

Unlevita Eno Colombe Caponhagia thoblig Edinburgh Finanze Genera

Haldalberg Talerlahan Zentralam

Iourna

Mostre

Rasna! Forthamploo Ringapor Tieniela *Taormina

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

All classes of Commercial Banking ransactions undertaken.

".

General

Banking Business transacted.

Current and Saving Accounts opened and Fixed Deposita received for ong year or shorter periods at

rates, which will be quoted on application.

SOU Z. CHANG,

Manager. HONG KONG BRANCH: 24, Des Voeux Road, Central. Manager's Office....Tel. BJESH Foreign Exchange Dept.

33666 General Office

88567 Cashier's Offca.

» 38569

Personal Investment accounta¦ THE SHANGHAI COMMERCIAL

THE YOKOHAMA SPECIE BANK handled.

LIMITED.

Established '1880

Cenital Cully paid-up) Ten.100,000,000 Reserve Fund. ....... Yen:126,800,000

Head Ofte:--YOKOHAMA

Branches and Agencies at:-

Alexandria

Batavia

Nagasaki Nagoya

Berlin

Bombay

Calcutta

Canton

Dairen (Dalny):

Fengtien (Mullen)

Hamburg

Mankow

Harbin

Hong Kong Hainking

Honolulu

Karachi

Kübe

New York Osaka

Parla

...

Peiping Rangoon Rio de Janeiro San Francisco Seattle

Sherehe

London

Los Angeles Manila

Singapore Soerabaya Rydney

entain Tokyo Tangtan Yingkow

Maf

The Company offers to intending Travellers the use of its Traveler Cheques" and Letters of Credit and, addition, the world-wide services it thoroughly equipped Travel De partment.

E. W. DUGGAN,

Manager.

THE WING ON BANK, LTD. HONG KONG

Authorised Capital $10,000,000

Foreign Exchange and Banking Basinses of every description transact-

Current Accounta

opened, Special Deppaita, received, at special rates, and Fixed Deposits received for one year or shorter period at rates: which will} be quoted on appllection

Safe Deposit Boxes - (various sizes)

for hire.SANTE

PHILIP GOCKCHIN

Damnatie rosebrod for fixed periode Anthon Chief Manager

rates to be obtained.

&SAVINGS BANK LIMITED.

(Incorporated in Chfisa) ·

Capital paid up $5,000,000. Read:765

...$7,000,000, Capital Savings Dept. $500,000. Reserve Savings Dept. $600,000. Head Offen-Shanghai-/

A Bank having sa ita mission the Industrial development of. China and the fostering of her commer- - cial relations abroad, va Hong Kong oflice-7 Ice Hamile #1, Phone: 21481-3-3 °

Is It Insured?

Insurancs All Glassco EN: LOWEST RATES.6 American Asiatic Underwriters Fed. Inc. USA. General Agenta

Hend

estion L. GOCKCHING

17, The

Shanghal

KISHINA

Manarizi

Assistant Manager

YANMAGALISHU JONG :

long, Xọng, 11th March;-1988,

LOCAL SHARES.

''TO-DAY'S 'QUOTATIONS

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

Banka.

m.

H.K. Bank $1325 b. H.K. Bank (London) £1291⁄2 n. Chartered Bank £154 n. Mercantile Bank A. & B. $81 Mercantile Bank C. £18% n Bank of East Asia $851⁄2 n. Am: O. Finance Corp., Sh.320 n. China, O. Fin. Ord., Sh. $1.80 m China O. Fin. Pref Sh. $4% n.

Insurances.

Canton Inc. $260 m. Union Ins.. $415 .

China Underwriters $11⁄2 n. China Fire Ins. $490 n H.K. Fire Ins. $225 n.

- International Assce. Sh. $5.

Shipping.

n.

Douglases $30 sa. H.K. Steamboats, $7 Indo-Chinas (Pref.), 130 n. Indo-Chinas (Def.), 888 n. Shells (Bearer) $48/9 n. Union Waterboats $121⁄2 n.

Mining.

Antamoks 88 cts. sa. Balatoes $43 8. Baguio Gold 89 cts. n. Benguet Consolidated $14 n.

Benguet, Exploration 15 ets. D. Benguet Goldfeld 10 ets. p. Big Wedge, 10. ets. n. Gold Creek 381⁄2 cts. n..

Gold Rivers 18 cts. b., 17 cts, sa.

Ipo Mining $11⁄4 'n.. Itogana 42' cts. ni Salacots 16 cts. n.

Kailan (Single) Sh. $16/9 n. Langkata (Single) Sh. $18 a. S'hai Exploration Sh. $5 n. S'hai Loans, Sh. $6 .. Raubs $58.

Venz; Goldfield $5 .

Docks, etc.

NEW YORK STOCK MARKET

LOCAL DOLLAR STEADY

Silver Prices Advance

Further Uncertainty

NEW ADVERTISEMENTS

CHINESE ESTATES, LIMITED

NEW COMMODITY BREAK ADDS TWELFTH ORDINARY YEARLY

TO DIFFICULTIES"

MEETING

N

In their market report. Messra.TOTICE IS HEREBY GIVEN The local dollar is steady, opening SE Levy nad Company, Correa

that the TWELFTH ORDIN on demand this morning at 1/11. pondents for Mesara White Weld ARY YEARLY MEETING OF Spat silver has risen and for and Company New York state- SHAREHOLDERS will held at the ward 3/16, being quoted at 27 3/16 "Stocks: To-day's commodity Company's Offee at China Buildings and 274, respectively. break adds further uncertainty to (5th floor) Hong Kong, on TUES The London on New York cross-the already difficult situation, and DAY, the 26th March, 1985, at 12 rate was quoted at U.S.$4.77, the market's position to-night jeo-o'clock noon, for the purpose of re as compared with U.S.84.77, pardises the support levels which ceiving the Report of the Directors while the New York on London rate were established last Wednesday, and a Statement of Account for the the breaking of which has increased year ending 28th February, 1935. was quoted at U.S.$4.70%, as

the volume of liquidation. compared with £-U.S.34.77. *

We, and of electing two directore and an would like to advise the protection auditor

EXCHANGES.

TO-DAY'S QUOTATIONS..

On London—

On T.T. and demand

4 months' sight

1/1184 1/11%

Credits 4 months' sight.2/-

Dn Shanghai-

On demand

120

On Singapore-

On demand

On Manila-

By Order of The Broard of

of the position accordingly. Busi- The TRANSFER BOOK of the ness done: 800,000 shares.

Company will be CLOSED from the" "Colton: The psychological effect 13th March to the 26th March, 1935, of the old crop breaking through both days inclusive. the 12-cent level caused an avalanche of liquidation and. belated heavy hedge-selling by those, who pre- viously believed that the 12-cent loan would make declines below 12 cents unlikely. We feel that pur-

Directors, FUNG PING FAN, Director and Secretary.

Hong Kong, 12th March, 1935.

chases of July option are warranted THE HONG KONG & WHAMPOA

on further declines, as the Govern-

ment loan on the old crop is still

operativo on farmers who have un-

DOCK CO., LTD.

8434 sold cotton, but we would postpone NOTICE IS HEREBY GIVEN purchase of new crop cotton until Meeting of Shareholders will be.

that the Ordinary Yearly

the atmosphere clears.

"Commodities: The action cotton was the principal influence. on MONDAY, 25th March, 1985, at

held in the Office of the Company, 2 of!

Queen's Building, Hong Kong, on

other commodities.

"Flashes: Mill activity is esti-Directors' Report and Statement of Noon, for consideration of the mated at 47.1 per cent. of capacity.Accounts for the year ending Bist"

"The decline in cotton is attri-December, 1934. buted to the gaining conviction that The SHARE there will be no loan announcement TRANSFER

REGISTER and

-BOOKS

will be

in the near future on new crop, also CLOSED from the. 18th to 25th to mill liquidation."-Reuter, March, 1985, both days inclusive,

(Continued on Page 7)

By Order of The Board of

Directors,

COMMODITY PRICES

The following quotations have been received by Reuter.

E COCK, Chief Manager.

Hong Kong, 12th March, 1935.

THE YOKOHAMA March

SPECIE BANK

H.K. Wharves $101% n. Cum rts. Rate of native interest H.K. Docks $108.

Chinese Sub, Coin Providents (old), $1.20

Hong Kong Sub. Coin. Providents (new) 20 cts, n. Hongkews, Sh. $309 B New Engineering Sh. $51⁄2 6. S'hai Docks, Sh. $120.

Cotton Mills, Ewo Cottons Sh. $8.70-a. S'hal Cotton (old) $74 n. S'hal Cottons (new) $45 n. Zoong Singa Sh. 89.30 . Wing On Textiles, Bb. 855 n. IK. Wharves rights $20 n. H.K, Wharves ex. rights- $99 n. Lands, Hotels, etc. H.K. and S. Hotels $4.70 8. H.K. Land $41 an. H.K. Land 4%

May

XXEREX=

Everything

BUT YOUR

RENT

FOOD

CLOTHING

On Japan:-

On demand

1671⁄2

On India-

On T.T; and demand

181

On New York-

On demand............

474

Credits 60 days' sight

48%

On Batavia

On 'demand

68%

On Paris-

On demand

'707

Credits 4 months' sight .787%

On Saigon-

On demand

7034

On demand

94%

On Bangkok--

On demand.. Sovereigns bank buying rate

9334

2/-36

Bar Silver per oz.

474

New York, to-day,

Bar silver in Hong Copper cash Copper cents

New York Cotton:-

Kong....nom..

Mar. 10. Mar. 11.

... nominal 1%. prem

..3% pa.

March

12.02

11.06

May.

12,13

11.14

gone

July

12.19

11.15

.282 % dis.

October

11.93

10.77

.par.

December

11.98

10.87

SAVINGS

January (1936). 12.03

10.84

Spot....

12.80

-11.80

New York Rubber:

11.91

12.02

11.65b 111.78

12.16. 11.85 12.82 12.02 12.38 12.08

December

12.55 12.26

Chicago Wheat:

HEAT

At the 10th Half Yearly Ordin-May Jary General Meeting of the share- July

05% 08.3%

90%

88%

102% 11.

holders of The Yokohama Specle September Bank Ltd, held at the Head Office Chicago Cora:--- Debentures of this bank at Yokohama, on

May March 9, a net profit of Yen 15,491,-| July

90%

8834

TAXES

81

79

WATER

774

75

Shanghai Lands Sh. $22 n.

825.02 was shown, including Yen September

74%

72%

CHITS

Humphreys $91⁄4 n.

H.K. Realties' $5.10 n.

May........ last account. It was resolved- to make the following allocations: New York Sugar:

July To Reserve Fund..Y. 1,650,000.00 Dividend of 10%

883

83%

83

832

Old New Old New

March

2.07 2.06 2.06 2.07

per

May

July

5,000,000.00

8,941,325.02

Y.16,491,325.02 The following gentlemen have been elected to the Board

of Directors

Mr. K. Yano and Mr. R. Watan abe..

September December New York Silk: March May July Montreal Silver:- March May July

2.30%

1.80

1.28

1.29

1.27

1

59.00

69.55

59.45

59.28

*59.98

60.65"

September

60.30

61.00

New York Metals:

Mar: 7. Mar 11

Copper March Tin March

46.20

46.60

Yen 15,491,325 Profit Reported

July September October

-Metropolitan Lands Sh. $12.20 n. 8.256,944.77, carried over from the Winnipeg Wheat:-

Asia Realties "A", Sh. $100 n. Asia Realtles "B" Sh.$17 D. Chinese Estates $93 n. China Realties Sh, $9.60 n.. China Debentures Sh.$128 n.

Public Utilities

H.K. Tramways $18.30 b., $18/-

18/40 an.

Peak Trams (old) $8% n. Peak Trams (new), $6. Star Ferries $89 n;" Yaumati Ferries $22 n.

C. Lights 39.90 b., $9.95 mm. H.K. Electrics $69 b. Macao Electrics $25 n Sandakan Light $8 n. Telephone. (old). $241⁄4 n. Telephone (new) $10.15 n.. China Buses Sh. $12.40 n. Singapore Traction 10/8 n. Singapore Pref. 20/6_n.

Industrials

Malabon Sugar $81⁄2 n. Cald: Macg (Ord.); Bh. $16 n. Cald: Macg: (Pref.); Bh. $16 n.. Cantón Icas $21⁄4 n.2 Cements converted $7.60 H.K. Ropes $3.80 n.

Stores, etc. Dairy Farms $22 n. Watsons $8% n

Lane, Crawfords $3.75 z. Mackintoshu, $21 n. Bincerea $8 n.

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

Miscellaneous.

"H.K. Amusemente $1.85 n...

Entertainments, 3715-mi 8.0. Enterprises $1.85 n, Macao "Greyhounds, 2 n. Constructions (old) $1.70 n. Construction (new) 60 ets. n. Vibro Piling $5

Ch. Govt 6% 1025 GBBda

HK, Govt 4% Loan, 6%% HE GOTL 8% Loan 2%

Wallace HarpaKE $74-1

annum'

(for the half- year ended 31st December 1934). To be carried for ward to next, account

NEW YORK STOCK EXCHANGE

Reuter Quotations

March 12. The following. quotations from New York have been received by Reuter... Last close: 10,15 4.76% 4.70% 4,77%

N.YULondon

NY Cotton

July

Och

12:10 12.11 11.98 11.89

12,16 12.82

.12.01

N.Y. Rubber

July

Bept.

C. Wheat May 05

July 100% C. Corn May 81 W. Wheat May 88%

STOCKS

Amer Smelting 84%

Con Gas N.Y.

Du eat.

∙17 174 013492 Elec-Bond & Sh 4% 4% ? Int Tal & Tel, TA General Motors 28% 28%

Loew'd

Inc 35% 354 premontgomery W..28% 240 2414 Nat Distillers 28% 26% 25% NY: Central 1871 187184 Standard Dil NJ, 57 B737

2.12 2.10 2.12 2.11 2.17 2.16 2.17 2.16 2.222.22 2.92 2.22 2.28 2.28 2.27 2.27

SAVINGS

SAVE SOMETHING

START NOW

1.28% UNDERWRITERS SAVINGS BANK

FOR THE FAR EAST,

INC.

Asia Life Building Hour Lon

Tel. 50234

6.566.05.

S. E. Levy & Co.

‚7, ICE. HOUSE STREET

"INVESTMENT BANKERS BROK

MEMBERS.

NEW YORK COTTON EXCHANGE"

COMMODITY EXCHANGE, ING. NAT. CHICAGO BOARD OF TRADE

CANADIAN COMMODITY EXCHANOJ, INC.

CORRESPONDENTS FOR

WHITE; WILD, ÔC CON, NEW: