1935-04-04 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION ..

Authorised Capital ........ $50,000,000 Issued and Fully Paid-up. 20,000,000 Reurve Fonds

Sterling

Reserve Liability of Pro-

H, . Dowell 2»q,

:---Chefrman..

| T

THE CHARTERED BANK OF INDIA, AUSTRALJA & CHINA, Incorporated by Royal Charter, 1858. BEAD OFFICE: LONDON

Paid-up Capital Reserve Fund

Silver

£6,500,000 $10,000,000

£8,000,000 .£8,000,000

prietors

20,000,000

Reserve Lability of Pro-

HEAD OFFICE; NONGKONG,

prietors

£8,000,000

BOARD OF DIRECTORE.

Agencies and Branches:

-Alor Bla

Hells

Rangoo

Amrlicks

Ipoh

Salon

Bangkok

Larwahi

Kemenag

·Elalavia

Beremban

Bombay'

Kobe

Bhatkhel

Calcutta

Fangspors

CARTON

Bitiawan

ba

Gewape

Kuching

Bourabaya

Made

Colonoba

Manila

Tell

Dalia!

Hodan

Tools

G. Miskin Esg...

T. E. Pearce

Esq.,alphone

New York

(Uhuker)

Hamborg

Tsugio

Hankow

Сым Малари,

Harbin

J'okobema Zambosure

d. Knight, «K«

Deguty Chairman,

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

A. H. Compton Esq.,

Hon. Mr. J. J. Paterson,

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

NOT

KANGKOK BATÄVIJ BOMBAY

·PALOUTTA CANTON VIEPOO .COLOMBO DATREN TOOCHOW 'LIPHONG NANDEBO HNKOW #ABBIN

NIKEW

BOK

PARK

KOWLOON

"V. M. Grayback, hoe

BRANCHNG 1-

KUALA LUMPUR LANDON

LYONK

MALACOA MANILA HUAR (Johor) WURDEN

NEW YORK. PEIPING PENA

SAIGON

RAN FRANCItsoo

ΕΞΑΚΟΣΙΑΙ

BINGANRE

HOURABATA

RUNGEI PATANI

TJENTSIN

- TOKYO

TSINGTAO

YOKOHAMA

Current Acososia opened in Lack Currency

ad parlede in Local Company 458

Mixad Dipolla voited for us u

in

or which will be quoted on aislinalon. Hong Kong, 26th February, 1985,

HONG KONG SAVINGS BANK.

The Boxies of the shore Back le condusi BONO KOND AND SHAKORA!

BANKIND CORPORATION. Bu pied on appo

PIN THE BONG KONG AND SHANGHAI

SINA CORPORATION

V. M. GRITRUNK,

Chiat Mare,

Hong Kong, 25th February, 1935.

THE BANK OF EAST ASIA, LTD.

Avakorised Capital

Bases and divided Frola

Bong Kong:

Penang

Foreign Kebangs and Game Backless

THE CHINA MAIL, THURSDAY, APRIL 4, 1935

Commerce and

Finance

NEW YORK STOCK EXCHANGE

Trading Continues Very Small

NO FRESH INCENTIVES TO BUSINESS

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

transacted.

Ourmas“ Accounts - optoed, and "Plaid Departu muenitol For oca, your arʻshorter

"Stocks: The market is still with whink, will be Rocked sa applied, es matèr

A. BREARLEY. out any particular trend. Trading Manager, was on a very small scale owing to

the lack of fresh incentives Busi ness done:--580,000 shares.

Hong Kong, 1st. January, 1935.

THE BANK OF CANTON, LTD.

Established 1912.

Head Office:-Hong Kong.

Authorised Capital

Paid-up Capital

Total ResourсDE

"Grains: The market remains un- changed, with outside, interests taking very little notice of advances in prices. Total sales-Wheat: $11,000,000 11,881,000 bushels, Corn: 8,276,000

6,655,000 bushels. - 82,170,492

"Rubber: The statistical position Branches: Canton, Tolahan, Shanghat, Hankow, Bangkok & San Francisco. continues to show some improve London Bankers: Lloyds Bank, Ltd, ment. Total salen:-200 lots

Foreign Exchange and Banking "Cotton: A good-sized, long In- business of every discription trans-terest in May cotton still exists and acted:

Current Accounts opened and Fized this is likely to prove an Important: Deposits received for One year

or influence in the near future. shorter periods at rates which will be quated on application.

Safe Deposit Boxes (various sizes) fez hire.

LOOK POONG SHAN,

Chief Manager

SAFETY FIRST!

To Safeguard Your Valuables and Jewelleries. Deposit them in a Vault

.that is really: FIRE PROOF

·BURGLAR-PROOF

$15,009,800.00 $6,500,000.00 300.00

HEAD OFFICRI-HONG KONG

OUR

SAFE DEPOSIT VAULT

focated

13, Vaux Road Contra

BOARD OF DIRECTORS:-

Bir 80-how, ChairmA. `-

Xose Chuu, Raq... K. Kwak, Ene. Went Taa, Jong Eng., Cha thing hak,

Mang Zeq., Wong Cr Roo, Eng, and Lan Tizr

Ein Tanj Po. Eng." Chated ManaPW.

LA The Fong Eng. Manager.

BRANOBE AND LQENCIES:—;

Mansla

Melbo

FARAPANE

New York Danka Parla

Boumbaya

Tarkow Kasolulu

Karlom London

PAKICE

Sydney Teikoku

Rangoon

Baigo

Fokyo

BAB Francis

Vancouver Ickobam

Palping

Svery in Bauble and Exohuugs bez tebojed Loans granted on approved

T

Daryosi

DAMP PROOF!

"Flash: Average daily petroleum |production for the week ended March 30 was estimated at 2,568,000. bar. rels. Weekly electricity production. totalled 1,718,000,000 kw.h., a in- crease of 2.8 per cent. as compared with the corresponding period of last year."-Reuter,

E. A. Pierce And Co's Report In their market report, the American Oriental Finance: Cor- poration, correspondents for Messra. E. A. Pierce and Company of New York state:

were

"Stocks: Utility issues steadler on a better feeling towards) on the Mestarine Floor of Legislation prospects. Our New building is Specially Con- scattered liquidation in other stocks There was

structed to provide all of these, Im-] portant Qualities.

on the List A

You may obtain 'a' Safe Deposit| "Grains: Corn was the leader in Box in this most up-to-date Vault for the advance in grain prices. There your own use at a very moderate HD-was considerable spreading between tal

wheat and corn. The advance : WIS Inspection Cordially Invited. THE NATIONAL COMMERCIAL due to decreasing stocks in terminal

SAVINGS BANK, LTD.

ports and reports of an improved [shipping demand in Chicago. Con Corner of Ies House Street and

Bumption in the interior is said to Des Voeux Road, Contral

be liberal in comparison with the amount available. Wheat derived its strength from corn. The firm

THE

Arcousin opsind in Love! AMERICAN EXPRESS COMPANY, foreign markets are attracting at

TO Find Deposite received for one sector periods is Local and Yordes Deracles

- teraz whisk will be quoted as spylítaníba,

Sais Depot Doces e Lei

EAN TONO PO.

Chief Mini

New York

INC.

Head Offer:-65, "Broadway,

Capital Surplus

THE CHINA & SOUTH SEA BANK, ven

Capital

Reserve

Branches

LIMITED

Flow bay

U.S.$5,000,000.00 .......... 2,087,112.09 *** 1,995,528.81)

BRANCHES:-

Glasgow

The Ungue Натаде Hamburg Hame Haldelberg Interlaken Zarusalem London Závorpaal

В

(Incorporated in China)

Avera

·Head Office

...Shanghai

Athena"

-$7,500,000.00

HALING

$1,500,000.00

Berlit

All Important Cities

in China

General

Bee Bria Cuire Calcutie Cable Colombe Copenhag Ishila Edinburgh Vicen Gabes

Moni

and Foreign Exchange Banking Business transacted.

Current and Saving Accounts opened! and Fixed Deposits received for one year or shorter periods at rates which

will be quoted on applicatios.

SOU Z. CHANG,

By Manager.

HONG KONG BRANCH:

24, Des Voeux Road, Central, Maasper's Office ... Tel. 63565 Foreign Exchange Dept.

General Omes

Cashier's Office.

38668

-88567

82569.

Learne

Mareellise Mneta Caria

بالمرق

No

Naples

"Pirbena

Parti Peiping Pala Rotterdam Встра 'Shanghai.

fontbarsplan Alagspart The Teorales Vissza Venice Tokohama

¡tention,

1.

(Continued on Page 10).

LOCAL DOLLAR STEADY

Silver Prices Improve

The local dollar ia steady, opening on demand this morning at 12/0.

.*

:

Silver prices advanced spot being quoted at 28%, and forward at 28 7/16.

The London on New York cross rate was quoted at £U.S.$4.80%, as compared with £-U.S.$4.80%, while the New York on London rate Branches of American Exprasa Com-Was quoted at £U.S.$4.81%, as com- pany in Principal cities of United Pared with S-U.S.$4.81. Etates of America and Canada.

All classes of Commercial Banking Kransactions undertaken.

Personal investment' accounti

THE YOKOHAMA SPECIE BANK handled.

LIMITED.

Established. 1888

The Company offers to intending Travellers the ass of its "Travelers Cheques" and Letters of CreditTM and, In addition, the world-wide service Capital (fully paid-up) Ten.100,000,000 fits thoroughly equipped Travel De

Yen.126,800,000 partment.

Reserve Fund -,.ko....

to YOKOHAMA

uncha and Agencies at:

Alexandria, ne? Batavia

New York

Bombay

Calcutta

elping

Rio de Jenstro -Ean-Francisco / Beattle Semarang

·Shanghai,

Singapore Soerabaya

EW. DUGGAN,

Manager,

RAW RUBBER PRICES

Latest Quotations From

Singapore

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

Spot 18 8/4 down 1/4 AS July-Sept. 20 3/8 down 1/4- Oct-Dec. 21 1/2 down 1/47 Market: Stagnant et Selling price 1/8 cent higher

THE WING ON BANK all positions,

LIMITED

Head Once: Hongkong. 26, Dew Vorax Road Central, Authorised Capital $10,000,000

LONDON BANKERS

Westminster Band Ltd.

Foreign Exchange and every descrip tion et banking businesses, transa

Current Accounts 2 and

| Accounts Open

received

LOCAL SHARES.

TO-DAY'S QUOTATION

"CHINA - YEAR PRESENTS

OPPORTUNE MOMENT

(Continued from Page 1) BRITAIN. AS MEDIATOR" Britain should offer her services as mediator in the friendliest but on the understanding that she concerned was the only solution. : desired to know what was going on Lord Marley « contended it was

of the Washington treaties. We ||must revert to the principles of those ties. A frank and open discussion between the Powers

The following is the Hat of local confidence. share quotations issued to-day:

Reaks, k

H.K. Bank $1270 b., $1280 5. H.K. Bank (London) $1274 D. Chartered Bank $14%

Mercantile Bank A. & B. $811⁄44 n. Mercantile Bank C, 818% Bank of East Asle $85% n Am: 0. Finance Corp. Sh.$20. China O. Fin. Ord., Sh. $1.80 m Chine 0. Fin. Pref 8. $4% n. Insurances, Canton Ins. $260 / 190 Union Ins: 8415 b

China Underwriters $17 China Fire Ins. $400 . H.K. Fire Ins, $215

Douglases $39

HK Steamboats, $74 Indo-Chinas (Pref.), $30 m. Indo-Chinas (Def.). 838 'm.. Shells (Bearer) $52/6, n. Union Waterboats $11

div...

mi

realities not to take

NEW ADVERTISEMENTS

PUBLIC "AUCTION

PARTICULARS & CONDITIONS

by Public Auction

and have a band in the affair with only a desire to establish pence and purely anti-Japanese attitude, and to be held on MONDAY, the 8th said that until Japan began a coll day of April, 1985, at 3 p.m., at This was a good year to offer tinental policy, no nation had shown the Offices of the Public Works their Bervices, because it might he

redness to face the question Department. by Order of His Ex- Lady: Precious of handing over to Japan some of cellency the Governor, of one Los called a China year..

Sacrifices on the of Crown Land near Tal Lam Chung

JAPANESE DEVELOPMENTS

PARTICULARS OF THE LOT.

Biream" had been a success while its privileges: there was exhibition of Chinese part of other countries were notes in the Colony of Hong Kong, for pictures at Burlington House and saty

term of 75 years, commencing from 400 Chinese students visiting here

renewal at a Crown Rent to be axed should take back an impression of Possibly the Japanese have serlist July, 1898 with the option of eus further developments in view by the Surveyor of His. Majesty the Britain's friendliness,

We should attempt to bring about There was the possibility of the King, for one further term of 24 a reconciliation between China and development of a Mongolian empire years less the last three days

the which wanted careful watching. without exciting Japan

thereof. suspicions and hostility of other We should never get a satisfactory solution unleas we watched Powers

LARGE SUM, FROM JAPAN sympathetically and judged how Lord Newton, who recently visit far we could aid such developments. He added that the Labour Party ed the Far East, adopted a pro- Japanese, attitude and sald that would support a full discussion bo- and China were in consul tween all the nations involved, in- Japan tation,

cluding the Soviet. Such a con "My Information is that it isference must emphatically reiterate highly probable that the negotia that the Powers concerned had no tions will end favourably, more intention of continuation domina expecially because Japan is ready to tion or the exploitation of the

pay over a large sum to China by Chinese people

Mining. Antamoks 93 cts, sa Balatoes $48 nekol Baguio Gold 39 eta, n.-- Benguet Consolidated $14 n. Benguet Exploration 15 eta. n. Benguet Goldfield 10 cts, mộ Big Wedge 10 cta. n.

· Gold Creek 40 cts. n. Gold Rivers 11 cts. b. Ipo Mining $11⁄4 ¤. Itegans 42 eta. n. Salacots 16 cts,`n¡``. Kallan' (Single) $16/8 n. Langkats (Single) 8h.: $15 S'hai Exploration Sh. 35 z. S'hai Loans, Sh. $6 n. Raubs $6.15 n

virtue of some arrangement rela- FINANCIAL SITUATION ting to the Customs," he said. Lord Stanhope, replying for the The fear of Japanese absorbtion Government, said it was going 100 of China was an hallucination, Ja- far to say that China was financial pan was not in a position, finan-ly on the point of collapse. She cially or otherwise, to do anything had recently inquired if we would of the kind. Britain should do support her with a loan. The Gov-1 everything possible to facilitate ajerament had considered the scheme Sino-Japanese agreement and el-gympathetically and carefully, but minate the. League of Nations as had concluded that the scheme, as far as possible.

New York Stock Exchange will be found on Page 7. ̧*

The alternative method of crusade against Japan would lead to a war of the white man against the two Asiatic empires with the loss of our Eastern possessions.

Venz: Goldfield 25 n.

· Docks, etc. H.K. Wharves $90 b. Cum.' rté. H.K. Wharves ex right $904 NI.. -- H.K. Wharves right $10% b.,

11.

H.K. Dock $84. Providents (old) $1 n. Providents (new) 20 cts. n -Hongkewa Sh. $309, m

New Engineering Sh. 35-s. S'hai Docks Sh. $120.

Cotton Mills,

Ewo Cottons Sh. $8.50 m Shanghai Cotton (old) Sh.$74 n. S'hai Cottons (new) #45 n. Zoong Sings Sh. $9.80 n........ Wing On Textiles, Sh. $55, n.

Lands, Hotels, etc. HK, and S. Hotel $4.00 h, and sa. H.K. Lands $424/1⁄2 8m) H.K. Land 4% Debentures

102% n.

Shanghai Lands. Sh. $18 n. Metropolitan Lands Bh. $12.20 n. Humphreys 891⁄2 n

H.K. Realties $5.10 n. 2 Asia Realties "A". Sh. $100 në Asia Realtles "B" Sh. #15 m. Chinese Estates $90 m. China Renities Sh, $9.60 n. China Debentures Sh.$128.

Pablle Utilities Vie H.K. Tramways $18.35 b., $18.70

6., $16.70/8098

Peak Trams (old): $81⁄2 n. Peak Trams (new), 56 n.

Star Ferries $89 sa

Yaumati Ferries $22, n...

C. Lights $9.70 b., $9.85 aa. H.K. Electrics" 86434 b..

Macao Electrics $25 u Sandakan Light 88 8

PACIFIC AGREEMENT

proposed, would only "have a tem porary effect and therefore would not really benefit China.*

Britain had consuited the other countries principally concerned in the Far East and informed them of our action

:

When the report of the Chinese committee which was considering the general situation was received Britain and other countries, would consider It most sympathetically,

The Duke of Atholl said the best Lord Stanhope thought it un- plan was to leave. Japan alone to likely, in view of Japan's financial occupy Manchuria, for which she position, that Japan was prepared had paid handsomely in money and to grant a loan in return for various blood.

China would then have an exclusive rights and privileges. MEDIATION NOT ADVISED opportunity of pulling herself to

Referring to the mediation aug gether and taken vak

gestion, Lord Stanhope said he Lord Glasgow referred to the did not like mediation which us- boundary commission between China ually meant interference in and Burma and asked when it was quarrel, in which the quarrellers might combine to fight the media- going to start.

Lord Lamington urged that the tor. That was not the position moment was favourable for Britain, Britain wished to occupy. Japan and the United States th

Lord Stanhope doubted the utf- come to some, agreement regards lity at present of the proposal for the Pacific.

a conference and said the right

East

de-

*BELIANCE ON BRITAIN policy was to do what we have Lord Barnby deplored the sug- gestions that Japan was extending been doing without a great four- ish, of trumpets to try to bring her agression and domination. He about a detente between all the said finance was the chief point to countries Interested in the Far be considered and in view of Japan's many commitments in was

We warmly welcomed the unreasonable to suggest that she

tenta, between Japan and Russia. aimed at absorbing a large part of Similarly in regard to the sino China

Japanese conversations which were Lord Barnby urged, China to realise the necessity of reliance on both sides that if we could in any accurring we had made it clear to Britain and co-operation with Japan wise assist in casing the difficul and. said that if China and Japan ties or explaining the situation of collaborated it was reasonable to

one country to another we would expect Britain to do likewise and be only too glad to do so logic would invite the United States BURMA BOUNDARY CA to collaborate, also tes

Registry No.

Locality.

Bonadary

ft. about

per sale plan, L8,000

Everything

gone. BUT YOUR SAVINGS

RENT

FOOD

CLOTHING

HEAT

TAXES

WATER

CHITS

SAVINGS

SAVE SOMETHING.

START NOW

UNDERWRITERS SAVINGS BANK

FOR THE FAR EAST,

INC.

Life Building

Kong:

20284

140

Everybody in authority in China Is It Insured? ?

He said that, apart from "inge and Japan, he said, realised that politicians from California", nobody we were strongly of opinion that thought there was any fundamental it is to the interests of both China issue standing between Japan and and Japan to come to terms and the. United States, and added that in the interests of the whole

Telephone (old) $28.10.b $28 no reasonable person expected Japan world.

B&..

Telephone (new) 10 n China Buses Sh. $12.40 a. Singapore Traction 10/3 n... Singapore Pref. 20/6 m,

#Industrials Malabon Sugar $8% 1 Caid: Maeg. (Ord.), Sh. $16 n. Cald: Marg, (Pref.), Sh. $163 Canton Ices 3234;n. Cements $64 8., Converted, H.K. Ropes $2.60 m.

to recede from her present position, Referring to the Burns, frontier, and opinion in China, was rapidly Lord Stanhope understood that an changing towards a better under: exchange of notes to establish standing with Japan,G 189 boundary, commission, was exp

* DANGEROUS SITUATION led in a few days.

Lord Addington emphasised that the interests of China and Japan Reuter. were not necessarily conflicting, but the fact that they had clashed had

Caused a dangerous Bituation and

some other nation ought to mediate, for which Hed. Brit

WWE Stores, etc.

Dairy Farms $18.80 b.

Watsons $8,60 b

WAS

Lane, Crawfords $8,75 m.

Mackintoshs $21.

Sinceres $8

[Inte

Wm. Powells, 70 cts.

migh

Wing On (HK) 5105 m.

In th

THE SHANGHAI COI

H.K Amure

SA

hese im ant issues: mediate:

irisk of the eco

and

tha

debate then concluded

Insurance -- ANI: Clamos? : V LOWEST BATERANE: American Asiatic Underwrk

Fed. Ino, USA. 35) General Agenta

S. E. Levy & Co.

PRET:ICK HOUSE STREET

INVESTMENT "BANTERS A BROKERE-

too Britain

HENDERS

COTTON EXCHANGE

ANGE