1935-03-15 — Page 6

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION .

Authorised Capital ....... $50,000,000 Insured and Fully Paid-up . 20,000,000 Reserve Funds:

Sterling..... £6,500,000 Silver. $10,000,000 Reserve Llability of Pro-

prietors

HEAD OFFICE, HONGKONO.. BOARD OF DIRECTORA.......

2, 1. Dodwell, Esq.

Chairisan,

C. C. Knight Kg.

Deputy Chairman.

THE CHARTERED · BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1858.

الاماردار

Agencies and Branchesz

HEAD OFFICE: LONDON"

Paid-up Capital Reserve Fund

20,000,000

Leserve Liability of

Pro-

pristora

£8,000,000 #3,000,000 .£3,000,000

Aloe Blat

floča

Amritese

-Ipola

Fangoes Baigon

Kameki

Hataria Bombay

Batte

Kobe

Shanghai

Kuala

Sinisowe

A. H. Compton Esq...

Cate

Lamper

SAWO PORN

Kuching-

Madra

Taiping

Colorabe Delhi

Manlia

Tieduča

Moden

Tonka

G. Miskin Esq.,

T. E. Pearce Esq.,

Naw, York

(Fauker)

F. M. Desyburn, Lag

Hamburg Hankow

Peiping

Telartwo

(Peking)

Jakobamse

Chiat Musage.

starbl

TORGE

Zamboang

Hoa Lon

**

** BHANGA BE

KUALA LUMPUR LONDON

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

Hon. Mr. J. J. Paterson,b

Hon. Mr. G. G. S. Mackle,

AMON

BANGKOK BATAVIA BOMBAY CALOUTTA

DANTON CRRFOO COLOMBO

DAIREN

700CBOW

HAIPHONG

HAMBUR

ZANKOW

HARBIN

WONDREW

ENDEL

JOOBE

IWLOON

LYONS

MABACCA

MANILA

MUAB Johor)

MUIDEN

PEITING

NEW YORK

РЕНАКО

BANDON

BAIGON

SAN FRANCI800

HUANGHAL

SINGAPORE

AUNDE FATANI

MOURABAYA

TIENTBIN

TURTO

THINGTAO

'YOKOHAMA

Cura Apcounts opens in Lonel, Currency Fixed Depot red for one year of Be periods in Local Company and Darling

esme whink will be gumed on splinaloo.

Hong Kong, 25th February, 1935.

HONG KONG SAVINGS BANK.

The Business of she shove Back in soodust HONG KONG AND GUANGHAI ASKING CORPORATION. Hulse may be hled so application

FOR THE HONG KONG AND SHANGHAI

KING CORPORATION

'V. M. GRAYBURN,

Chlef MansET,

Hong Kong, 25th February, 1935.

THE BANK OF EAST ASIA, LTD.

Authorized Capital

Paid-up Caplik

.....$10,000,000.00

Mears and Undivided. Prodie #2,464 500,00

HEAD OFFICE:~HONG KONG

13. Das Vous Road Central

BOARD OF DIRECTORS;—

Air Showiana Chow, Chairman,

ta Iron Chur, Faq P. E. Krok, Esq. Wong Tax Tone F Chan Ching Rhah. Esq., Li Jan Hans Zeq., Wong Chu Roo, Rag. and Kan Ting

· Ras_Toux Po. 194. Chief Manager.

In The Fang, Pửa Mucugor.

BRANOITES AND AGENCIE

Manila Helian Nap

Materia

Bombay Belwitte

New York- Sheaha

Paris

Hantow Bel

Kawion

Pensag

Rangoon

Baigon

Ban Frasco

Bentle

Berg

·Bundykal Kingspor boursley Bestow bydooy Talbeke Tontzia

Tokre

YLEDONTIC

Jokohame

Every spli

securities,

Current Arvonnte spened In Toral

Fixed Deposlis lead for the year or shorter periods in 1.onal and Foreign Currancilar bloema which will be quoted on "application. "Kale Depods Boys To Las,

KAN TONG: 70;

Chist Manage.

of Bauling and Exchang Ioana granted en approved

Currens

THE BANK OF TAIWAN, LTD.

Head Office: Tulkoku, Formonn, Incorporated in Japan by Special Imperial Charter, 1899.

Central Bank of Formosa, Notes

issued Average amount Y.45,000,000}

hama, Keelung Taichu, Tainan, Shaks, Shinchi, Toen, Karenko. Taito, Takao,

Kagi, Heito, Giran

Bourabaya

Foreign Meshings and Dessel Basking boss

THE CHINA MAIL, FRIDAY, MARCH 15, 1935

Commerce and Finance

LOCAL DOLLAR DECLINES

Spot Silver Improves

The local dollar' has declined opening on demand this morning at 1/11-

Spot Silver, advanced 1/16, be ing quoted at 27%, while forward silver remained steady at 27 7/16.

The London on New York cross- rate was quoted at £U.S.$4.75%, A compared with -U9.44.74% while the New York on London rate "Current donousta opened and Fixed Deposits coosivad for one year or shorter periods a was quoted at £-U.S.34.76% which will be quoted on application,

A. BREARLEY.compared with U.S.$4.74.

Manager.

(trannejad.

Hong Kong, 1st. January, 1936.

THE BANK OF CANTON, LTD.

Established 1912.

Head Offer!-Hong Kong:

Authorised Capital Paid-up Capital Total Resources

*

28

HONG KONG FIRE INSURANCE CO., LTD. DIVIDEND

We are officially informed that the General Managers and Consulting Committee of The Hong Kong Fire $11,000,000 Insurance Co., Ltd., will recommend 8,855,000 at the forthcoming Meeting of 82,170,492 Branches: Canton, Tolahan, Shanghat, Shareholders to be held on March 29, Hankow, Bangkok & San Francisco. the payment on account of the year London Bankers: Lloyds Bank, Ltd., 1933 of a Dividend of $10 together

Foreign Exchange and Bandar with a Bonus of $1 per share ab business of every discription trans-sorbing $440,000; to pass $100,000 acted

Current Accounts opened and Fixed to credit of Silver Reserve, and Deposits recal red for one year or $87;223.73 to credit of Reinsurance shorter periods at rates which will be Fund; carrying forward $628,214.01. quoted or application.

Safe Deposit Boxes (various sizes) in respect of the year 1994,

for hire.

LOOK POONG SHÁN,

Chief Manager RAW RUBBER PRICES

SAFETY FIRST ?

To Safeguard Your Valuables and Jewelleries. Deposit them in a Vault that is really: FIRE PROOF 'BURGLAR-PROOF

DAMP-PROOF ! ·

OUR SAFE DEPOSIT VAULT located on the Mezzanine Flocz of Our New building is Specially Con- jstructed to provide all of thaas Im- Iportant Qualities.

You may obtain a Bafo Deposit

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-September 21% down 1 cts. Market: Easier..

Box in this most up-to-date Vault for LINER STRIKES BIG

your own use at a very moderate Ben- Ital

Inspection Cordially Invited.

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

"

WHALE

Mariposa's Adventure On Recent Voyage

The liner Mariposa, on a voy- age from Auckland to Sydney, struck a whale with such force that the vessel had to travel as- AMERICAN EXPRESS COMPANY, tern for two. lengths before it

THE

INC.

Head Offee:---65, Broadway, New York

Capital ...

Surplus Rearves

.U.S.$6,000,000.00 2,087.112.69 1,995,528.81

was free.

The ship was doing 20 knots when the collision took place. The whale was about 50 ft. long.

THE CHINA & SOUTH SEA BANK,

INNITED

(Incorporated in China) Head Office.Shanghai

BRANCHES:-

Branches and Agencies,

Japan:---Kobe, Osaka, Tokyo, Yoko

Ameiersam Antwor

depos

Makong Nanto,

Alheza

j'entre

Ginagaw The lingu

Vilaa Nice

Barko

Havana Hamburg HATER Heidelberg

Naples Pira Faria Fotpla...

Capital

Interlaken Jerusalem London Liverpool

Bellardan Bama Shorbal

Reserve

Branches

Lorde Lagana fuzor Marouiller

Monte Carl Matila

Tieplein Taormina Vianze Venter Zokchuss Eurleb

China:Amoy Canton, Peochow, Han-

kow, Shanghai, Swatow, Other:-Bombay, Hong Kong, London,

Now

Singapore, Batavia, Samarang. Soorabaya, Dairen.

On and after April 20th, 1884, the rate of Interest on Special Current Deposit will be at 1%% p.a. on daily baience and the rate for balance over $10.000 will be quoted on application,

Maximum rate-14).

.T. OHNO,

Manager.

Hong Kong Branch

8. Des Voeux Road, Central.

Bombay Dr. Brussels Cairo

Calouthe CADDE Colombe Copenhagen Jubila Zdinburgh Morence

Munich

Headrest

Rofaice

Branches of American Express Com- pany in Principal cition of United Etates of America and Canada.

All classes of Commercial Banking ransactions undertaken.

Personal Investment accounta

THE YOKOHAMA SPECIE BANK handled.

LIMITED.

Established 1880

The Company offers to intending Travellers the use of its "Travelers Chequer and Letters of Credit and Capital (fully paid-up) Ten.100,000,000 addition, the world-wide servico Reserve Fund

Yen.125,800,000 its thoroughly equipped Travel De-

¡partment.

Head Office:-YOKOHAMA

Branches and Agencies ati Alexandila

Batavia

Berlin

Bombay

Calcutta

Canton

Dairen (Dalny)

Nagasaki

Nagoya

New York Oaska

Paris

Rangoon

Peiping

Fengtion (Mukden). Rio de Janeiro Hamburg

Hankow

Harbin

Hong Kong

Honolula

Heinking

Karachi

Los Angeles Manila Moji

San Francisco Seattle Semarang Shanghal-

Singapore Soerabaya

Sydney Tientsin Tokyo Tringtau Yingkow

Interest, ellewed on USTAN

te Dutrosita rooclved for Azad-rertoda

· koʻrates; të "ba: obtained on applicat

Hong Kong 11th March, 1986

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- ed.

Current Accounts opened, Special Deposits received at special rates, and Fixed Deposits received for one year ar shorter period at rates which will be quoted on application

Enfo Deposit Boxes Car

for hire te

FROM PHILIP COCKCHIN"," EVEREST Chlef Manager

GOOKCHIN Assistant Manager

ALI SHU FONG

.$7,500,000.00 .$1,500,000.00 .All Important Cities

China Foreign Exchange

General Banking Business transacted.

Current and Saving Accounts opened and Fixed Deposita received for ons 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 Office ......Tel. 88565 Foreign Exchange Dept. General Office Cashier's Offic........

33668 88567 „2156)..

THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED, (Incorporated in China)

Capital paid up.......85,000,000, Reservon

............................... $7,000,000. Capital Bavings Dept. $600,000. Reserve Savings Dept. $600,000

Head Offee-Shanghai,

A Bank having so its mission the Industrial development of China and the fostering of her commA-MP- dal relations abroad. Ve Hong Kong offcs--7 Ice House B).

*Phone $1461-24

Is It Insured??

Insurance All Classes ** LOWEST HATEST W American Asiatic Underwriters Fed. Ins., USA, General Agents

Head Office

17. The Band:

AF

Cofice

-Asli Life -

Balldier

TÓL: 80238

LOCAL SHARES.

TO-DAY'S QUOTATIONS".

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

Banks

H.K. Hank $1815 sa:" H.K. Bank (London) £1294 Chartered Bank £15 n. Marcantile Bank A. & B. $81 Mercantile Bank C, 418% n. Bank of East Asia $85 n.

Am: O. Finance Corp., Sh.$20 China O. Fla. Ord., 8h. $1.80 n. China O. Fin. Prof Sh. $4% n

Insurances.

Cantón Inc. $260 m. Union Ina. $412 b.. China Underwritera $1% n. China Fire Ins. $490 n. H.K. Fire Ins. $220 n. International Assos. Sh. 45 n.

Shipping.

Douglases $29% a. HK. Steamboats.. 87 n. Indo-Chinas (Pref.), $80 n. Indo-Chinas (Def.). $88 m. Shells (Bearer) $47/6 n. Union Waterboats $12 n.

Mining,

Antamoka 83 cts: n Balatoes $43.8. Bagulo Gold 39 cta. n. Benguet Consolidated $14 n. Benguet Exploration 15 ets. n., Benguet Goldfield 10 cts. n. ,,! Big Wedge, 10 ets. n. Gold Creek 38 cts. . Gold Rivers 18 ets. s. Ipo Mining $1% n Itogans 42 cté. n. Salacots 16 cis. n. Kailan (Single), Sh. 16/6 n. Langkats (Single) Sh. $18 n. S'hai Exploration Sh. $5 n. S'hai Loans, Sh, $6 n. Raube $5% b.

Venz; Goldfield 35 . Docks, etc.

NEW YORK STOCK EXCHANGE

Partial Stability Is Only Temporary COTTON POSITION REMAINS UNCHANGED

In their market report, Messrs. S. E. Levy and Company, corres- pondents for Messrs. White Weld and Company New York state:--

Business

"Stocks: Yesterday's partia]| stability appeared to be temporary, and we would still favour, waiting for climatte selling before riskeng trading or purchases. done:-810,000 shares.

"Grains: The importation of for- neign grains, especially corn and rye, le undermining the confidence of longs. The unusually high pre-

NEW

ADVERTISEMENTS

ST. JOHN'S CATHEDRAL

on

"ELIJAH"

(Mendelssohn)

will be sung by the

HONG KONG SINGERS

n THURSDAY, March 28th

at 9.00 p.m.

Conductor: J ANDERSON MILLER. Organist FREDERICK MASON. Proceeds to be devoted to

THE HONG KONG BENEVOLENT SOCIETY Admission by programme, to be obtained from Messra. Moutrie & Co., The Anderson Music Co. and Tsang Fook Piano Co.

mium of 11,968,000 bushels, Corn CANTON PLACES BAN PUBLIC AUCTION

7,190,000 bushela.

Cotton: Price fixing was the main support. We continue to be- lieve that purchases of July option

ON FOREIGN NOTES

Transport Of Silver Coins Restricted

at around 11 cents should offer good, possibilities of trading profits, con- sidering the small certificated stocks SAFE GUARDING LOCAL BANKS and the Government, loan price based on Low Middling.

"Rubber: The action of Securities)

la restricting trade buying and]

Two

Canton, To-day. important resolutions

THE

HE undersigned. have received instructions to sell by Publie

Auction

ON

Monday, the 18th. March, 1935 commencing at 2.30 p.m.

at their Sales Room, No. 35, Hankow Road, Kowloon

A Quantity of VALUABLE HOUSEHOLD

FURNITURE

and

making the absorption of scattered passed during the second session of the Provincial Assembly: con. speculative liquidation difficult. Total sales-469 lote.

cerning foreign bank notes and Commodities: The absorption of coins have been referred to the

restriction on transport of silver A Few Pieces of Black Wood Ware On View from Saturday the scattered speculative liquidation is Provincial Government for exe|

16th. March, 1935. being made difficult, while trade cution. buying is being restricted, owing to

Terms: Cash on delivery It is suggested in the former that the action of Securities.

strict measures be taken to prevent "Flash: Brokers' loans have in-the use of foreign bank notes direct- creased by $1,000,000.

ly in the market and that the Pro- the sole agent for exchanging with offi- vincial Bank be appointed as the

E. A. Pierce And Co.'s Report In their market report, American Oriental Finance

poration, correspondents

(Continued on Page 10).

LAMMERT BROS,

Auctioneers.

Hong Kong, 15th. March, 1936

REGULATIONS

Hairwaving, Lipstick And Slit Skirt Ban

AUTHORITIES TAKE HAND IN PENGPU

Corcial branches in Canton and various NEW LIFE MOVEMENT for parts of the province. It is stress. Messrs. E. A. Pierce and Company ed that a huge amount of foreign of New York state:--

notes is now in circulation and if "Stocks: Liquidation was renewed anything unusual develops they will on continuing uncertainties

over become the cause of trouble. business and the trend of the Inter-benefits of restricting the exchange The national currency situation.

in the hands of a sole agent are "Grains: Liquidation was renewed that the local bank notes would not again led by Rye and the weakness be driven out by foreign bank notes of stocks. Other markets were and that it can easily control the contributory factor. Little alten foreign bank notes and have them H.K. Wharves $101% n. Cum rte, tion was paid to firmer Liverpool cashed in the issuing banks from H.K. Dock $94 n.

advices and the steadiness in Win- time to time. Providents (old), $1.20 n. Inipex. New Orelanz has reported Providents (new) 20 cts. i. fresh arrivals of Corn and Hpngkews, Sh. $309 m.

from the Argentine: . New Engineering 'Sh. $5 . S'hal Docks, Sh. $120 n.

Cotton Mills. Ewo Cottona Sh. $8.70 a. S'hai Cotton (old) $74 n. S'hal' Cottons (new) 345 . Zoong Sings Sh. $9.80 n. Wing On Textiles, Sh. $55 m. H.K. Wharves rights $20 m.. H.K. Wharves ex. rights $99 n. Lands, Hotels, etc. H.K. and S. Hotel $4.70's. H.K. Land $40 BR. H.K. Land

102% n. Shanghai Lands Sh.$20% n. Metropolitan Lands Sh. $12.20 Humphreys $91⁄2 `n. H.E. Realties 35.10 n. Asia Realties "A", Sh. $100 2. Asia Realties "B" Sh. $15 n. Chinese Estates $98

The New Life Movement is having its influence in Pengpu. With regard to the limitation of The authorities there have laun Onts silver coins to be carried by travel-ched a drive for "decent clothing" lers, the resolution suggests some and the reform of the bad habits modifications for the convenience of

COMMODITY PRICES

The following quotations have been received by Reuter.

New York, to-day. New York Cotton:-

March May

.4% Debentures July

China Realties Sh. $9.60 n.. China Debentures Sh.$128 n.

Public Utilities

H.K. Tramways $15 se Peak Trame (old) #81⁄2 n. Peak Trams (new), $6 'n. Star Ferries $89, n.

Yaumati Ferries $22. n.

C. Lights $10.05 b., $10,10.8. H.K. Electrics $68 b., $66.15 8. Macao Electrics $25 n. Sandakan Light 18 n. Telephone-(old)-$24-sa. Telephone (new) $10 b. * Chins Buses Sh. $12.40 m. Singapore Traction 10/8 n. Singapore Pref. 20/6 n.

Industriala Malabon Sugar $81⁄2 n. Cald: Macg. (Ord.), Sh. $18 n. Cald: Macg (Pref.), Bh. $16 n. Canton Ices $2% n. Cements converted $7.50 m. H.K. Ropes $9:65; D..

Stores, etc.

Dairy Farms $20 ea., Sx div. Watsons $3% be vatan Lane, Crawfords $3,75 m.. Mackintoshs, $21) man Sincares 88: n.

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

Miscellaneous. H.K. Amusements $1.85 n. Entertainmenta $71⁄2 8. S.C. Enterprises $1.35′′n. Macao "Greyhounds," 32. n.. Constructions. (old) $1.70 n Construction (new) 50 cts. n. Vibro Piling $5 ng

Ch. "Govt. 5% 1925 GBds-

93% n.

H.K. Govt. 4% Loan, 6% % prem

H.K. Govt. 84% Loan 2% prem.

Wallace Harpers 87 n.

October

October

those carrying coins from interior of the population. The police to coastal ports in this country and are taking an active part and a vice versa.--Central. Presar

long, list of "do's and don'ts" has been issued telling the people ITALIAN LANGUAGE what and what not to wear with IN CHILE Idetails regarding the length of the gowns, the height of the col- lar and the arrangement of the sleeve

To Be Taught On Same Basis As French

Violators of these regulations Chile is to teach Italian in all will be required to be made of are to be punished. All clothing secondary schools on the same native products and no woman basis as the teaching of French.will be permitted to wear trou The learning of these two lan-sers or skirts slit above the guages for at least three years knees. has been made obligatory while the English and German lan-luxuries guages may be learnt at the op-waved, the use of lipstick and 48 having the hair. the colouring of the finger nails. Furthermore, due warning in given against people wearing slippers, nightgowne and bath- robes in the streets.

tion of the pupils

11.75 US. COTTON MARKET

(Continued from Page 1).

The banned list include such

Mr. Johnston considers that the -- strong position of outside growths is exaggerated....

slump on the New York cotton/ America's object at present, he market was due entirely to panicky said, was to enlarge her cotton ex-speculation caused, by a miscon ports by means of increasing in-ception of the "two bales... per porta of all types of goods, thus farmer plan, coupled with fears. establishing a stable dollar ex- that the government loans would change.

not be continued. The fallin

Mar. 19. Mar, 14.

11.21

11.26

11.28

11.39.

11.92

11.35

11.02

10.91

December

*** 11.04.

11.00

January (1986).

11.12 11.05

Spot

11.45

11.50

New York Rubber:- March

11.78

11.40

May July

11.88

11.48

11.99

11.62

September,

12.18

12.20b

December

12.41

11.81 12.00

Chicago Wheat;—~

May

934

92泛

July

89%

88%

September

-89%

881

Chicago Com

May

80

784

July

75%

74%

September

7814

72

Winnipeg Wheat:

May

8814

83%

July

821/

83%

New York Sugar:-

Old New Old New

2.02b 2.04b

2.08. 2.09

2.13

2.16

September

2.18

2.21

December

2.23

2.27

New York SiL:

March:

1.29

1,29

May

1.29

1.27

July

1.28:

1.27

Montreal Silver:~

March

59.50

60.15

60.00

60.15

KENBERS

July

60.50

60.80

¡September

60,90

61.40

b-bid

New York Met

Mar. 11 Mar. 14,.

Copper March Tin March

6.05

5.02

46.60

:46.60

[March

May July..

May

Web Printing

PLASONABLE

PRICES

He explained that the recent price was unwarranted. Reuter,

S. E. Levy & Co.

7, ICH HOUSE STREET *

INVESTMENT BANKERS DROEERS

NEW YORK COTTON- EXCHANGE

COMMODITY EXCHANGE, INC, HY, CHICAGO, BOARD OF TRADE

CANADIAN COMMODITY EXCHANGE, ING,

RESPONDENTS FOR

WELD &