1935-03-29 — Page 6

BANK

HONG KONG AND SHANGHAI BANKING CORPORATION

Authoris Capital

$50,000,000 Issued and Fully Paid-up. 20,000,000 Reserve Fundus

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA,"

Incorporated by Royal Charter, 1858 HEAD OFFICE) LONDON

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

SUN LIFE

| Paid-up Capital

Reserve Fond

£9,000,000 28,000,000

20,000,00 Reserve Liability of Pro

prietors

8,000,000

Agencies and. Branches:

*Bangoon

.. Ipoh:*

Xtrack

Baramban

Shanghai

Singapors

Baurstays

TURIEN

Tisakala

མ་

Ang

Baluria Borney

prietors

HEAD OFFICH, WONGKONŮ., BOARD OF DIRECTORS. "H, II. Dodwell, Esq.,

Chairma

4. Knights 4.. Devily_Chairman.

Morrison Esq., Cali

Hon. Mr. J. J. Paterson,Cabu Hen, Mr. C. G. 5. Mackie,

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

„V..M, Omykan, Kage

'Chial Manager.

W. H. Bell, Esq. K. $.

A. H. Compton Esq., ****

Carspor

Colomb

Delhi

#xebar

itsakom

Karbin

BRANOH

AMOT BANGKOK

KUALA LUMPUB TANDON

LYONS

MALACCA

BATAVIA BOMBAY CALOUTTA CANTON COPFOO COLOMBO DAINEN

MANILA

MUAR (Zoboru) *

MUKDEN

PRIPIRO PRNAKO

NEW YORK

VOOCHOW RAIPHONG

HANNIN

MANKOW ΓΙΝΙΝ

HANGOON

BAIGON

FAN FRANCISCO

RFIANDUNT

KINGAPORE

KOURABAYA

RINGE PATANI

་་RE#

200

ZOT HE

TIENTS

BOHE

TUKYO

YOKOHAMA

ICWLOON

..

TRINOTAU

Locate spaxed in fatal Currency and Fixed Look! Company and nylib

Prosival for oss you or periode it De which will be quoted on spalization. Tung Kong, 23th February, 1935.

HONG KONG SAVINGS BANK.

Ti. Dezinses of the above Bach le condus the HONG KONG AND BILANGUA

BANKING CORPORATION.

asia Hoplicmikan,

Bale wr

THE HONG KONG AND SHANGHAI

MAKING CORPORATION

V. M. GRATRUNK,

Chat Mov

Hong Kong, 25th February, 1935.

THE BANK OF EAST ASIA, LTD.

Makarand Copia!

Paid-up Capital

Movers and Undivided Pevkle

(1,434,500.00

HEAD OFFICE: NOxÓ zoso

19. De Vous Road Centraž,

BOUD OF DIRECTORN 1 Bio Chow, ChairmaL.

Ta Ines Chat V. F. L. Iwok. D. WORK Tea Trog. Fan Pan Chlog bak, Kaq. Td fan Seas. Zac.. Wong Chu Roa, Esq. and Kan Ting

Bombay

Balautta Santos Siphong

Ian Tone Po, Fox.. Clist Mazagar,

The Four, F., Kutaget. BRANCHES AND 40ENCIYU 1–

Besia

Seatrad

.. Bbangkai Rappor Bourabaya Bow Sednay Talbo Theniaia

Mani Mell

New York

Paria

Hankor Hencial.

Felping

Prano

Rangoes

Balgon

Tokyo

Fas Francis

FADOSTN

London

Tokohama

Every descripiles of Buchtig and Ruokange

trasarted. Los prie es approved j series.

Darrest Arousila opeed is Local Curren

Find Pappale msired for the your o skorte partie in 1.908! and Foreign Curader

Touris

(Bhukee)

Tilugins

Tokcoa.ma

Zinbowuga

Foreign Exchange and Cannesl Banking bei trapneled.

THE CHINA MAIL, FRIDAY, MARCH 20, 1935.

Commerce and Finance..

INSURANCE

INCREASE Impressive Gains Reported

ASSETS TOTAL $665,378,716

Shareholders and policyholders. of the Sun Life Assurance Com pany of Canada, at the annual

Curreal Accouale oprzod azė. Pried. Degeneral meeting held in Montreal menived for one year or shorter portada“ að mater, which will be quoted on application,

A. BREARLET.

on February 12, were presented Manager with the annual financial statement Hong Kong, lat. January, 1995.

and directors' report for the year 1934 showing gains of a general

THE BANK OF CANTON, LTD. and substantial nature. Features

Established 1912

Head Of Hong Kong.

of the exhibit included an increase in assets of $41,232,681 to a total of $665,878,716; new paid for busi- Authorised Capital

$11,000,000 Paid-up Capital ...........................

1,555,000 ness' of $236,215,901, an increase of Fotal Resources............ 82,170,498 approximately twenty million dol- Branches: Canton, Tolaban, Shanghai, Hankow, Bangkok & San Francisco,lars over 1933; cash in banka ap- London Bankers: Lloyds Bank, Ltd., proximately twenty million dollars,

Foreign Exchange and Banking

business of every discription trane and an excess of income over all acted.

disbursements of $43,589,726.·°

Your ог

Current Accounts opened, “nd Fixed Déposite receired for a shorter periods as rates quoted or application,

Safe Deposit Boxas ( fo .bize.

LOOK POON

Chief Manager

The 'financial statement, present- will be led by Arthur B. Wood, president ous isss) and managing director, reflects the improved economic conditions and SHAN,

increased business activity In Canada, the United States and [Great Britain, the three chief coun- tries in which the company operates. Elsewhere in this issue will be found the text of Mr. Wood's address to the meeting, in which he reviews at length condi- tions as they affect the company.

SAFETY FIRST!

To Safeguard Your Valuables and Jewelleries. Deposit them in a Vanit that is really: FIRE PROOF BURGLAR-PROOF DAMP-PROOF 1

OUR SAFE DEPOSIT VAULT located on the Mezzanine Floor of

Our

Big Income Increase

The total income for the year New building is, Epéelaity Con- under. ·review from all sources structed to provide, all of these Im amounted to $159,251,028, an in- portant. Qualities.

You may obtain a Safe Deposit crease of $7,015,206 over the total Box in this most up-to-date Vanit for for 1933. The total disbursements {your own use at a very moderate Ran were $115,661,302, a decrease of Ital

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

THE

$11,844,499. The report points out that the surplus earned during the year. amounted to $21,281,235, uf which/619,219,504 has been paid.or allotted in dividends of participat- ing policies. The sum of $8,062,- 1664 has been applied to further writing down securities and increasing reserves. It is fur-

shohink will be quoted on appication.AMERICAN EXPRESS COMPANY, ther pointed out that no payment

Вело Разинів Волге То Теб.

KAN TOKO PO.

Chlal Manager.

THE BANK OF TAIWAN, LTD.

Brad Office-Talhoku, Formosa, Incorporated in Japan by Special Imperial Charter, 1899,

Central Bank of Formosa, Notes

led Average amount Y.45,000,000

Branches and Agencies, Japan-Kobe, Osaka, Tokyo, Yoko hams. Keelung. Makong, Nanto, Shoku, Shinchiku, Talchu, Tainan, Taito, Takao, Tamsui, Toen, Karenko Kagl, Heito, Giran

China: Amoy, Canton, Foochow, Han;

kow, Shanghal, Swatow Others: Bombay, Hong Kong, London.

New

INC.

Head Omer:--65, Broadway, New York

Capital Surplis Reserves

Asa

1.6.$6,000,000.00 2,087,112,69 1,998,528.31

of dividends to shareholders, or allotment of surplus to share- holders' account, has been made, comforming to the decision to de- fer consideration of these matters juntil business. recovery is more

fully established.

The growth of the Sun Life may be judged from the following table:

Insurance

BRANCHES:--

Anway Athous

Belie

Barlin

Bombay

Brusla

Calcutta Сельм

Copenhagen Thibliy Edlaborgh

Goo

Sifan* Nice s'he lingue Kaplan BOTAD

PTEROUS Hamburg

Paria si

Pelpla Haldelburg

Palet Isteriat

Rotterdam Jerusalane

Roma London

Shaghat Liverpool

1934 [1924

1914 31904

Montban

L

Bizgapore Toda

Tomala

11934

}1924-

Moule Curta

Mafia

Marloh

Venlos Tokohama Zurick

1914 [1904:

York Singapore, Batavia, Colo Famarang, Soerabaya, Dairen.

On and after April 20th, 1934, the rate of Interest on Special Current Depruit will be at 14% p.a. on daily bale and the rate for balance over $10,09 will be quoted on application: (Maximum rate-14).

Bong Kong Branch

Y. OHNG,

Manager.

3. Des Voeux Road, Central.

Floresos

Опит

Lugabe

LATE Waroillee

Montreux

Branches of American Express Com-

Income.

in Force, $2,748,725,403.00 $159,251,028.50 |

218,755,395.00

881,592,937.00

85,327,663.00

62,248,681.44 16,052,276.24 4,561,936.19

Payments to Policy holders Asseta $89,160,205.46, $665,378;716.34

31,881,639.47 274,190.107.60) 6,161,287.90 64,187,656.38 1,374,045.82) 17,851,760,92

pany in Principal cities of Ualled THE CHINA & SOUTH SEA BANK,

States of America and Canada.

All classes of Commercial Banking Fransactions undertaken.

THE YOKOHAMA SPECIE BANK handled:

LIMITED.

Established 1880

Capital (fully paid-up) Yen.100,000,000 Reserve Fund ... Yen.125,800,000)

. ·

Head Office-YOKOHAMA -

Branches and Agencies at:

・Alexandria

Batavia

Berilo

Bombay

Onleptta

Canton

Nagasaki Nagoya New York Osaka Puigd Pelping

(Dainy) Rangoon

(Mardan) Rio de Janeiro

San Francisco Seattle Semarang

Hankow Harbin Hong Kong Honolula Bajnking Karachi

Kobe

London Los Angeles

Halla

Dagnaits received

så rutes kalba"obta

Shangha Singapore Boerabays

Tokyo

Taingtan Ylugkow

Hong Kong lith

1935

LIMITED

Personal investment accounts

Branches

(Incorporated in China) Head Office Shanghai. Capital Reserve

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

All Important Oitlen in China

General transacted. Current and Saving Accounts opened

The Company offers to intender Foreign Exchange and Travellers the use of its Traveler Cheques" and Letters of Credit, and, Banking Business tra

addition, the world-wide services

partment.

its thoroughly equipped Travel De-and Fixed Deposits received for one year, or shorter periode at raten, which will be quoted on application.

BOU CHANG

E..W. DUGGAN,

Manager,

THE WING ON BANK LIMITED

Head Office: Hongkong. 26, Des Voeux Bond Central.. Authorised Capital $10,000,000

LONDON BANKERS —— Westminster Band, Ltd, Foreign Exchange and every descrip flon of banking businesses transacted.

Current

nt Accounts - and... Savings Accounts opened: Fixed Deposit received at rate which will be quoted on application

• giyen för

As Special depositat under

* Trusteeship and E riods taken. Bato Depolit Boxes for hire. PRICE PHILIP-GOCKOHIN

Manager in

Asst Manage

Manager. HONG KONG BRANCH: 9-24; "Des Voeux. Road; Central.. Manager's Offica „Tel 33565 Foreign Exchange Dept.- / 33648 General Office Cashier's Office

*ing 88569

THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED Me" (Incorporated in China Capital paid up

Bavings

FA Bank

Indust

LOCAL SHARES.

TO-DAY'S QUOTATION

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

A Banks, Cetakan H.K. Bank $1280 b. and sa. H.K. Bank (London) £126

Chartered Bank £14% ¤. ** Mercantile Bank A. & B. $311⁄2 Mercantile Bank C. £18 n.` Bank of East Asia $854 n. Am: Q. Finance Corp, Sh.320 China O. Fin. Ord, Sh. $1.80 n. China O. Fin. Praf Sh. $434 1.

gratis-Insurances.

Canton Ins. $260 B Union Ins. $415 b., $415 62. China Underwriters $1 n; China Fire Ins, $400 n. H.K. Fire Ins. $220 n.. International Assce. Sh. $5 p.

Shipping.

Douglases $991⁄2 n. E.K. Steamboats, $7% a. Indo-Chinas (Prof.), $80 m.

·Indo-Chinas (Del.), 888 n. Shells (Bearer) $50/- n. Union Waterboats. 812. n.

- Mining. Antamoks $5 cts. n. Balatoes $43 n.. Baguio Gold 89-ets, nr:

Benguet Consolidated $14 n Benguet Exploration 16 ets, n. Benguet Goldfield 10 cts. a. Big Wedge 10 ctá. n. Gold Creek 40 cts. 88. Gold Rivers 17 cts, n. Ipo Mining $1 n. Itegans 42 cts: n. Salacots 16 eta.... Kailan. (Single) $16/9 . Langkats (Single) Sh. $15 n S'hal Exploration Sh. $5 n. S'hal Loans," Sh. §0, n. Raubs $5.15 n.

Venz; Goldfield $5.n.

Docks, etc.

NEW YORK STOCK MARKET

Uncertain Conditions

Still Continue

COMMODITY PRICES

The following quotations bave been received by Reuter... New York Cotton:-

and Company, New York state: New York-Fuhber:

NEW ADVERTISEMENTS

PUBLIC AUCTION

REMINDER

2 Mar, 27. Mar. 28, Closing Closing

May

11.07

10.07

QUEEN'S COLLEGE ATHLETIC SPORTS

FURTHER DRIFTING MARKETS July

11.14 .11.09

FORESEEN

October December

10.72

10.53

THE SPORTS will be held TO-·

10.82

10,62

pondents for Messrs. White Weld Spot

In their market report, Messrs. January (1936) S. E. Levy and Company, Corres

10.86

10.67

MORROW,

March (1986)

10,98

10.73

11.35

11.25

SATURDAY, March 30th on the Queen's Col lege Ground, Causeway Bay.

.

|porary "upturns which should be

"Stocks: We continue to foresee July further drifting markets, with tem- September

May

11.73

11.55

11.84"

11.68

11.98*

11.84'

October

-12.05

used to reduce commitments. Bual- neas done:-610,000 shares."

December January

12.20

12.08

12.28

12.14

"Grains: Continuous winds are Chiengo Wheat:- drying out the South-Western soll. May

95% 94

The market looks as if it will go July. higher until generous rains are re September ceived. We favour purchases of Chicago Corn:- Wheat on fair reactions. Total May sales-Wheat: 17,620,000 bushels, July Corri: 9,020,000 bushela.

93%

02%

93

92%

7914

784

Road,

74

73%

¡September

6914

694

"Cotton: Nearby positions are tightening and the discount on new

May crops is expected to increase, caus- {ing a further contraction of Ameri-

July jcan consumption.

Winnipeg Whent:---

85%

84%

844

84*4

New York Sugar:

Old New Old New

H.K. Wharves $90 n. Cum ria. H.K. Wharves ex rights $89 n. H.K. Wharves right $10.10 b.,

$9/2/10 88-

H.K. Dock $9% 3. Providents (old), $1 b. Providents (new) 20 cts. n.. Hongkews, Bh. $309 n. New Engineering Sh. $5 s S'haf Docks, Sh. $120.

Cotton "Mills.

Ewo Cottons Sh. $8.80 n. Shanghal Cotton (old) Sh.$74 n. S'hal Cottons (new) 245 a. Zoong Sings Sh. $9.30, 'n. Wing On Textiles, Sh. $55 n

Lands, Hotels, etc.

"Rubber: Reports of the unrest in Akron are continuing to check May aggressive buying.

Totay Bales: July 824 lots.

September

"Flashes: Average daily petroleum December production for the week ended Jan. (1936)

March 23 was estimated at 2,600,000 New York Sük:- barrels.

The weekly electricity May 1,725,000,000 July

production totalled

kw.h., an increase of 4 per cent. as September compared with last year.. Brokers' Montreal Silver- loans decreased by $5,000,000,"— March Heuter.

May

E. A. Pierce And Co's Report July

for

2.18 2:15 2.19 2.16 2.22 2.21 2.23 2.23

•2:26 2.25 2.28 2.27 2.32 2.81 2.34 2.82 2.25 2.22 2.27 2.22

1.29

1.29

1.29 1.291282

1.28

61.25b

61.68

61.60

02.40

62.15

62.95

62.550

T

HE undersigned have received Instructions to sell by Publis

Auction

ON

Saturday, the 30th. March, 1935 commencing at 11.30 am.

at the premises of the Casanova Dancing Academy, No. 747 Nathan

Ground Floor. Kowloon.

A Quantity of Teak and Rattan Furniture etc,

also

7 Electric Ceiling Fans

10 Inverted Lights"

On view from Friday the 29th. March

Terms: Cash on delivery

LAMMERT BROS,

*Auctioneers:

Hong Kong, March 29, 1985.

PUBLIC

AUCTION

OF VALUABLE HOUSEHOLD

FURNITURE

Comprising:-

In their market report, the December

September

Drawing Room Suites, Dining American Oriental Finance Cor-New York Metals:-

63.450 Tables and Chairs, Sideboards. Glass. Cabinets, Wardrobes, Dresk- poration, correspondents Messrs. E. A. Pierce and Company Copper January

Mar. 25. Mar. 28ing Tables, Chests of Drawers,

6.77

6.88 Sewing Machines, Ice Chests, Hat- lof New York state-

.46.80 46.86

stands, Oil Paintings and Pictures, Ornaments and Sundries.

aleo

Tin January

"Stocks: The announcement of the proposed reorganisation of the Chi- RAW RUBBER PRICES |cago-Milwaukee-St. Paul and Pacifie{. Railroad unsettled the market in the (Continued on. Page 10)

LOCAL DOLLAR DECLINES

Silver Prices Drop

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

Spot 194 down April-June 20% down . July-Sept...21% down 36. Oct-Dec. 22% down 4. Market: Dull Selling price 4 cent higher on all position.

A later message states that rub

The local dollar has fallen a fur-her prices dropped another half cent.. |ther, opening on demand this

morning at 2/

Spot silver declined 1/16 and forward, spot being quoted at 28% and forward at 28 7/16.:

The London on New York cross- H.K. and S. Hotel $4% b., & sans compared with £-U.S.$4.79

rate was quoted at £-U.S.$4.80%, | H.K. Lands $39% b., $40 a.

while the New York on London

H.K. Land 4% Debentures rate was quoted at £-U.S.$4.80%,

as compared with US$4.79%4:

102% n.

Shanghal Lands Sh. $16 n. Metropolitan Lands Sh. $12.20 D. Humphreys $91⁄2 8.- こ H.K. Realties $5.10 n.

Asia Realtles "A", Sh. $100 Di Asia Realties "B" Sh. $15 1. Chinese Estates '$90 n. China Realties Sh, $9.60 m. China Debentures 8h.$123 'n.

Public Utilities

H.K. Tramways $16-10 b,, $16.

8., $16/162 BR.

Peak Trama (old) $9% n. Peak Trams (new), $8 n. Star Ferries $99 n. Yaumati Ferries $22 b. C. Lights $9.15 8. $0.10 b. H.K. Electrics $68 h, and se. Macao Electrics $25-n. Sandakan Light. $85. Telephone (old): $28 8. Telephone (new) $10 n. Chian Buses Sh. $12.40 n.. Singapore Traction 10/8 n. Singapore Pref. 20/6.n.

Industrials Malabon Sugar", $81⁄2 ̈n. Cald: Macg, (Ord,), Sh. $16 E. Cald: Macg. (Pref.), Sh. $16 n. Canton Ices $24.

Cements $78. Converted. H.K. Ropes $2.60/m.

Stares, ete. Dairy Farms $194.8. Watson $8 b Lane, Crawfords: $3.75 . Mackintoshs, $21 8.7 Sinceres $8.

Wm. Powells, Toccts. n. Wing On (H.K.) 108

Miscellaneous,

H.K. Amusements $1.85 n. Entertainments: $6.40. n. 8.C. Enterprises $1.35 m Macao "Greyhounds? $2 ne Constructions (old) $1,70 1 Construction (new) 45 cia. Vibro Piling $5 Chi Govt. 5% 1925

Is It Insured? ?

- Insurance — All Classen! LOWEST RATES American Asiatic Underwriters Fed. Inc., USA. General Agents".

Head Office

17, The Bund

Shanghai

H.K. Offer Asia Life

Building

"Tel' 30284-

A Selection of Black Wood Ware

Tuesday, the 2nd April, 1995, at the Sales Rooms, Duddell Street. commencing at 2.30 p.m.

On View from Monday the 1st April 1995.

Terms: Cash on Delivery?

1

LAMMEET BROS,

Q Auctioneers.

Kong, March 29, 1985.

S. E. Levy & Co.

7, ICE HOUER STREET.

INVESTMENT BANNERS

EMBERS

BROKE

· NEW YORK COSTON EXCHANGE -

COMMODITY EXCHANGE, ING, N.Y.

CHICAGO BOARD OF TRADE CANADIAN COMMODITY EXCHANGE, IND

CORRESPONDENTS FOR

WHITE, WELD & CO., NEW YORK,

WING ON'S

SPRING SALE

NOW PROCEEDING

The time to make pu