1935-04-15 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

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

Sterling

£ 6,500,000

Silver... $10,000,000

Reserve Liability of Pro--

prietors

BEAD OFFICE: HONGKONG, BOARD OF DIRECTORS.

H. Li, Deriwoli, K.

Chairman.

1 Kaffe'

C. Knight, 1

Deputy ChairmaT A

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

A. II. Compton Esq.

M. T. Johnson, Esq.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. · Incorporated by Royal Charter, 1858.

Bangkok Belaris

Bomb

HEAD OFFICE: LONDON

#8,000,000 .£3,000,000

4,000,000

Agencies and Branches:

Mindran

Tangoon Balgon Semarang Berbas

Bhat

Paid-up Capital

Reserve Fund

20,000,001

Reserve · Liability of Pro-

prietors

Ilella

Ameliear

= 7pak

arschi

kog

Tobe

Cale

Kusia

Singapore

Dantee...

Lamplat

Campone

Kneblag

Anurabaya

Cabe

Taiping

Comtube

Manila

Tabela

Dethi

Meden

Tangkah

Walphma

Naw York

(Bluker)

Hamburg

Palpint

Tulistão

Hantow Tarbis

TIDADE ་

Tokobama Zamboanga

BRANCHE-

&

KUALA LUMPUR JASNEKIM

MALACOA

MANILA

MUAB (Jabor)

MUKUEN

NEW YORK

Hon. Mr. J. J. Paterson,

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

MOT

BANGKOK

RATAVIA

SOMBAY DALCUTTA JAXTON

CHEFOO ODLOMBO DAIBEN FOOCHUW HAIPHONG HAMBURG HANKOW 7699122 HUNGLEW

201

JOBONA

Доне

KOWLOON

V. M. Gnyban, Kag.

Chini Mazagot.

PEIFING PENANG HANG CLO

BALOON

SAN HANOI800

SHANGHAI

RINHAPONE

HIRADATA SUNURI PATANI

FIENTEM

TOXXO THINGTAO YOKOHAMA

Current Acquale upened in Local. Currency and Fit Duposle noired for cos zur OF wheeler periods in Lon! Company and Berling farons which will be quoted on application. Hong Kong, th April, 1995,

HONG KONG. SAVINGS BANK.

The Busicums of the shore Backle soodsad by the HONG KONG AND SHANGHAI SANKING OORPORATION.

lained of application.

Hulan may b TUR THE BONG KONG AND 'HOANDHAI BANKING. CORPORATION

VM GRATBORN,

Chial Mons.

Hong Kong, 25th February, 1935.

THE BANK OF EAST ASIA, LTD.

aborland Capital Pops Capite!

$10,000,000.00

***,206,000,00

haserre and Engivided Proble#2,694,500.00

HEAD FIVE-HONG KONG

19, De Ve Band Central.

BOARD OF DIRECTORI --

Air Bleu sou Chairs

R. Kwok, Eng What 4 Ibu Chus, Eng., I

mpany, Bags, Chris Chrus Blak, Kan Là Ta hey Re Wong Cho Hin, Eng. And a Time

Ian Toos Fo, Esq., Chin! Manager, Is The Foog. Fra Mangst.

BRANCHES AND AGENCIES --

'Maite'

Helburue

Sil

Bemarang

Nepal

übangbal

New York

Ola

Balkong.

Kankem:

PROJ

Farle

Paiping

Pinang

Slang.com

Kavien

Bad France

boursbaga!!

Lydnay Talboka Thekim Tokyo

VALIDATIE Yokohama

Evry wription of Banking sad Richange babies tratrailed. Loans granted an approviš purities.

Curren A couple opened In Loval Carre Bad Fized legalla racired so verter periode trend Vocal to Carrasc terms which will be quaiad on applicatiom. Bata Deports Doses To Lat.

LAN TONG PO.

THE CHINA MAIL MONDAY, APRIL 15, 1935

Commerce and Finance..

LOCAL DOLLAR STILL RIŠING Forward Silver Declines

The local dollar has risen a fur- ther, opening on demand this morning at 2/2.

Spot silver is steady at 31-5/16, while forward silver has dropped back to 31...

The London on New York cross- ratea were both quoted at U.S.$ 4.844, as compared with £-U.S.$ 4.84% and £U.S.$4.84%, respec-

Ferly Brahmage and General Backleg banin Curreal and opensē and Fixed Depositively." ruled for aca zone de' shorter perioda si raies which will be quoted on application,

A. BREARLEY RAW RUBBER PRICES

Manager. Hong Kong, 1st. January, 1935.

SAFETY FIRST !

To Safeguard Your Valuables and Jewelleries. Deposit them inga Vanți that le rally: FIRE-PROOF BURGLAR PROOF DAMP-PROOF 1'

OUR SAFE DEPOSIT. VAULT

located on the Mezzanine Floor of

Latest Quotations From Singapore

Messrs. H. B. Joseph and Co. have received the following Straits Cur rency quotations from. Singapore for Raw Rubber.

Spot 19 up 1⁄2. July-Sept. 21 up 4. Oct.-Dec. 22 up 4. Market-Firmer.

Selling price

Our New building specially Con-14 cent higher on all positions. structed to provide all of these Im [portant Qualities.

You may obtain a Safe Deposit Box in this most up-to-date Vault for your own use at a very moderate Ren- tal..

Inspection Cordially Invited.

THE NATIONAL COMMERCIAL

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

IMPORT DUTIES ON FOREIGN COTTON

Nanking Vetoes Appeal For Increase

Nanking.

The petition of the Cotton Dealers Association in Shanghai for an in- THE BANK OF CANTON, LTD. crease of the import duties on for-

Established 1912.

Head Office-Eeng Kong,

Authorized Capital Paid-up Capital Total Resources

$11,000,000 8,855,000

eign cotton has been rejected by the Ministry of Finance, it is learned. Chekial Agency.

2,170,493 CANADA'S MINERAL

Branches: Canton, Toishan, Shanghai, Hankow, Bangkok & San Francisco.. London Bankers: Lloyds Bank, Ltd.,

Foreign Exchange and Banking business of every discription trans-

nekodi

Current Accounts opened and Fixed Deposits received for

One year or shorter..periode at rates which will be quoted on, application

Safe Deponit Boxes (various - sizes) ter hire,

LOOK POONG BHAN,

Chief Manager

PRODUCTS

1934 Output Better By-

25 Per cent,

RECORD FIGURES REACHED BY BASE METALS

Winnipeg. Although Canada is generally termed an "agricultural" country, exports of mineral products in 1934 AMERICAN EXPRESS COMPANY, reached a higher total than the ex-

THE

INC.

Chief Massgve.

Head Once-65, Broadway, New York

Capital Surplus Reserves

THE CHINA & SOUTH SEA BANK,

LIMITED

(Incorporated in China)

Reserve.....$1,500,000.00

Branches ....All Important Cities

.U.B.$8,000,000.00 2,087,112.69 1,995,528.31

BRANCHES :-

Miles

Naple Pirente

Petpla

Amaterkam

Chance

Head Office ..

Shanghai

Glanga

Capital

$7,500,000.00

The Herwa

Ampan

Herana

Healse

Barila

Foreign Exchange

in China

and

General

Bombay Breme Brumele

Outre

Hamburg Harr Haldibarg Interlaken Загальноси London

Pamo

Rotterda Home

Caloutte

Osinba

Copen

Lather

Liverpool LANDS Larsso Macoolitan

Manila

Moniew

Banking Business transacted.

Current and Saving Accounts opened Colou and Fixed Depozita received for ons Bear 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. 33555

Foreign Exchange Dept.

General Office ***** Cashier's Office

83666 8:567 88569

THE YOKOHAMA ·SPECIE BANK

LIMITED.

Established 1886

Dublin Edinburgh Florence Оплата

..Ebanghel

Borifampion Bispor

Taormin

Venlos

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

All" classes of Commercial Banking Transactions undertaken.

"

Personal investment accounti handled.

partme

porte of agricultural and vegetable products, members of the Mining and Metallurgical Institute were told at their annual meeting here.

The mining Industry employed 67,000 persons, paid more than $120,000,000 in wages, supplies, freight and power and had given dividends to ahareholders of $49,000,000,

The value of Canada's mineral production in 1934 amounted to $277,500,000, representing an. In crease of 25 per cent. in the produc tion value during 1933. The value! of gold production was $102,500,000, while the output of lead, zinc, copper and nickel reached record figures.- Reuter.

CANADA'S POSITION IN WORLD TRADE

Takes Fifth Place In Export Business

'Ottawa, Canada. The Domin of Canada held the

The Company offers to intending eighth place i world trade in 1984, Travellers the use of be "Travel the countries exceeding her being Cheques and Letters of Credit and, the United Kingdom, the United Capital (fully paid-up) Ten.100,000,000 addition, the world-wide services States, Germany, France, Belgium,

Ten.125,800,000f its thoroughly equipped Travel De the Netherlands and Japan. Ecserve Fund

In import trade Canada was ΠW. DUGGAN, ninth; in export trade Afth. In the Manager. latter respect the only countries sur-i passing Canada were the United Kingdom, the United States, France and Germany...

Head Office:-YOKOHAMA

Brancher und Agendes at:

Nagaiak! Nagoy

Alexandria

(Hatevia!

Her in

Bombay Calcutta Canton

New York

Paris

Felping

Dairen (Dalny) Rangoon Tengtien (Mukden) Rio de Jansiro

San Francisco Seattle Semarang Shanghai Singapore

Hamburg Hankow Barbin

Kong

Karachiy

Kabe

A Landon

A Los Angeles

Manila

Mot

Tientsin Tokyo Tsingtan Yingkow

THE WING ON BANK

LIMITED

In Canadian dollars the total tradë of Canada last year was $1,159,-- 000,000-Reuter.

THE SHANGHAI COLLIEICIAD & SAVINGS BANK LIMITED (Incorporated in China)

Capital paid up

Head Office: Hongkong, 26; Des Voeux Road Central Authorised Capital $10,000,000 LONDON BANKERS: Westminster Hend, Ltd. Foreign Exchange and avery descrip tion of banking` businesses traniacted. Beserves

Current Accounts andig Savinge

Capital | Bavings Dept. Accounts opened. Fixed: Deporte Reserve Bavings received at rates which will be quoted

deposits,

Interact pllowed on Ort As on application Special rates given and

periods

Deposita received for Ezed ystem to be obtained on applicati

QATISHINAMI

Hong Kong, 11th March, 1985-

Bo Head Ofə6--ɛhangkat WA-Bink having sa ta

P and Executorship under. Industrial-developmar)

· Safe Deposit Boxes for hire.

WPHILIP: GOCKCHINA,

LGOOKCHIN

́and the fostering of her ciak rela

NL SHU FONG|BO

Asst. Mansgen

LOCAL SHARES.

TO-DAY'S QUOTATION

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

Banks,

'H.K. Bank $1250 8.

m.

H.K. Bank (London). £124 u, Chartered Bank, £141⁄4 D. “ Mercantile Bank A. & B. $314 Mercantile Bank C-4131⁄2 n Bank of East Asia $851% 1. Am: 0. Finance Corp., Sh,$20 mi China O. Fin. Ord., Sh. $1.80 n. China O Fin. Pref 8h. $43⁄41⁄2ïn

atv. Insurances. Canton Ina. $260 n.. Unions Ins. $400 a.. China Underwriters $1.30 n. China Fire Ins. $400 H.K. Fire Iris, $215-a.", International Assce. Sh. $5 m.

Shipping.

Douglases $89 n. H.K. Steamboäts, $714 m. Indo-Chinas (Prof.), $80 n. Indo-Chinas (Def.), $88 n. Shells (Bearer) 53/9 n. Union Waterboats $11

Mining. Antamoks 98 cts. n. Balatbes $43 n.. Baguio Gold 35 cts. n. Benguet Consolidated $14 n. Benguet Exploration 15 cts. n. Benguet Goldfield 10 cts. n. Big Wedge 10 ets. n. Gold Creek 40 cts. n.

Gold Rivers. 10 cts, n. Ipo Mining. $13⁄4 n. Itegans 42 cts. n.

Salacots 16 cts,, n.° Kailan Mining Ad. 16/6 n. Langkats (Single) Sh. $15 n. S'hai Exploration Sb. $5 'n. S'hai Loans, Sh. #6 m. Raube $52. n. Venz; Goldfield. $5 n. Docks, etc.

H.K. Wharves $91 n., Cum. rta. H.K. Wharves,ex right $90%1⁄2 x. H.K. Wharves right $11 88." H.K. Dock $934 n. Providents (old) $1 n. Providents (new), 20 ċta: n. Hongkews, Sh, $309, B New Engineering:Sh. $5 a.. S'hai Dook, Sh. $120 ...

Cotton Mills. Ewo Cottons. Sh. $8.80 n. Shanghai Cotton (old) Sh$74 m. S'hal Cottone (new) $45 x. Zoong Sings Sh. $9.80 m.. Wing On Textiles, Sh. $58 1. Lands, Hotels, etc.

BELFAST LINEN MARKET

Home and Colonial Trade Active

SOCIETY REPORT

The Irish Linen Society's report- for the month ending March 6 states:-

*Flax

MANCHESTER WEEKLY

MARKET REPORT

Great Help To British Trade

TRADERS' REACTION MAINLY NEGATIVE

Messrs. James F. Hutton and Co., Ltd, report on March 13:-

Mild excitement was caused in Irish-The quantity of flax being Liverpool yesterday by the sharp offered for sale is gradually getting decline in cotton prices following smaller and in some districts the upon Monday's slump in cotton at markets are now closed for the sea- the cessation of activities on the son. Demand during the past week New York and New Orleans, and has not beeso keen and the upward Osaka exchange. During yester tendency in prices has stopped. (day afternoon prices fell steadily, Court There was less flax In the lowest recorded being 43 points the hands of dealers and, as a re-down, or nearly 1d per lb. ault, there has been more difficulty Traders Not Disturbed

NEW ADVERTISEMENTS

HONG KONG CRICKET CLUB

TENNIS TOURNAMENT

Tuesday, 16th - April 4.45

Ho Ka Lau va. Tsul Wai Pai Entrance to Stand 50 cts. (Incl. Tax}' Wednesday, 17th 4.30 pm. H. D. &S, A. Rumjahn, vs. Paul Kong & Lee Wai Tong Open Doubles -- Semi-Final. Entrance to Stand $1.—(Incl. Tax) Thursday, 18th April 4:30 pm. Ho Ka Lau or Tsui Wal Pul vi G. R. M. Rickette

́ ́ Open Singles – Semi-Final Entrance to Stand:-$1, (Incl. tax)

in selecting lower qualities. The de- The cloth and yarn market ie Reserved seats for Wednesday's mand for the poorer qualitios was naturally much disturbed, but the & Thursday's matches may be not so brisk, but the drop in ex-effect on trading has been mainly booked at Messrs Moutrie. & Co.

Tickets booked for the Semi- change has resulted. In keeping negative, as traders are preferring prices very firm for Irish spinners. to await further developments be-Final Doubles for the 11th April be used for. Wednesday's Latvian. No recent bulk sales are fore making new commitments. may reported. The Government has, aTraders have been operating care-match. fair stock, practically all Livonian, fully and it is not likely that many but supplies are now small, The have been caught

The trouble has been caused by {official quotation fa unchanged.

Esthonian Markets are quieter, the rumour that the U. S. Govern- but the undertone is very steady, ment loan plan was to be discon-THE FOURTH EXTRA RACE MEETING will be held (wes- Holders of stock, in most cases, tinued.. Although this rumour has

THE HONG KONG JOCKEY CLUB

seem content to wait with the mar been denied, a statement from the ther permitting) at HAPPY VAL- keting of their flax. It is estimated President that the Recovery Plan LEY on SATURDAY, 20th and that only 20 per cent, of the crop would go on would be generally MONDAY, 22nd April, 1985, com mencing at 12.30 pm on each day. remains in the hands of growers. welcomed.

The First Bell will be rung at

Lithuanian.--Prices were rushed Senators from the White House

By Order,

C. B. BROWN.

Secretary. Hong Kong, April 16, 1935..

too high, but have now moderated conference reported that the Gov-12 o'clock Noon. into line with other flaxes. The ernment has no intention of aban new standard Brack has been ap-doning the market, as higher.com- proved by spinners Sales are slow modity prices were its ultimate at the moment,

goal, and that the control of 5,000,- Sovlet. The Russian authorities 000 to: 6,000,000 bales would even- show no Inclination to push sales, tually prove a powerful factor."

Active Demand Expected and are very firm in their ideas. It

by, the

CHINA PROVIDENT LOAN &

"MORTGAGE CO., LTD.

NOTICE

been is confidently reported that the, Ger- Although confidence has man spinners are pressing their shaken

recent drop "in. Government for buying licenses, as values there has been an improved they wish to re-enter the Russian enquiry generally, sufficient to NOTICE IS HEREBY, GIVEN market. Quality of flax and tow suggest an active demand to be that the THIRTY-EIGHTH ORDINARY ANNUAL MEETING coming to hand against contracts is satisfied. giving satisfaction.

Yarna

have to operate further, as cloth business develops. Spinners general ly are now through their cheaper priced raw material, and are forced to work on current rates.

India has enquired for a fair of Shareholders in the Company range of fabrics and business could will be held in the Jacobean Room, have been done "at a price." A 1st floor, Hong Kong Hotel, Fedder few white yarn dhocties have been Street, Hong Kong, at 12.15 p.m. Yarn business has been quiet for booked for Calcutta, and there on TUESDAY, the 30th Day of the past fortnight, but a very firm have been offers for mulli, April, 1985, for the purpose of re- tone prevails, with raw material jaconets, saries and fancies from ceiving a Statement of Accounts still strong on the upward grade this quarter as well as from Kara and the Report of the Board of Manufacturers who bave followed chi and Bombay. Small lots of Directors for the year ended 31st the market are fairly well covered fancies are reported to have been December, 1934, -electing Directors for present requirements, but will secured for Amritsar.

and Auditors, and for the Trans-- Fancles and poplins in trifling action of any other Ordinary Busi- quantities have been sold for Hongness of the Company. Kong, in addition to lawns for NOTICE IS ALSO HEREBY ĮGIVEN · that the TRANSFER Rangoon:

West Africa has booked moder-BOOKS of the Company will.be ately well in prints and fangies, CLOSED from SATURDAY, the Pressure for delivery is being while dress styles. have been done 20th April, 1935 until TUESDAY, H.K. and S. Hotel $4.45 B.. $4.35 maintained, but there is a decided for the Dominions, with Canada as the 30th April, 1935, both days in-

chief purchaser.

clusive, during which period no | falling-off in new business, due pri.

There has been a little business Transfer of Shares can be re- marily to the stiff advance in yarns,

gistered." and the disappearance of cheap with South America following en-

By Order of the Board, stocks. Demand from U.S.A. has quiries for poplins, satinez and

specialities.

D. L. KING, been on the whole disappointing. The expected revival in activity fol-

Secretary. Hong Kong, 15th April, 1985. lowing, the Gold Clausé decision has not yet materialised. There is also a tariff change consequent on the |U.S.A.-Belgian trade pact which may temporarily hold things up, but

b.

H.K. Lands $42. H.K.

Land 4% Debentures 102% n. Shanghai Lands, Sh. $18 n. Metropolitan Landa Sh. $12.20 Humphreys $9.49 n. H.K. Realties $5.10 m. Asia Realties “A”, Sh. $100. z, Asia Realties "B" Sh. 315 m. Chinese Estates $90. n. China Realtles Sh, $9,60 m. China Debentures Sh.$123 n.

Publle Utilities H.K, Tramways.$15% n. Peak Trams (old) $8% n. Peak Trams. (new), $8 n. Star Ferries 890 n. Yaumati Ferries $22 n. C. Light $9.40 8, 394 b. H.K. Electrics $641⁄2 n. Macao Electrics $25 n.. Sandakan Light $75. Telephone (old) $224 n. Telephone (new) $10.10 China Bases Sh♫ $12.40 m. Singapore Traction 10/8 n. Singapore Pref. 20/6 B

Industrial Malabon Sugar #81⁄2 -n. Cald: Macg. (Ord.), Sh. Cald: Macg. (Pref.), Sh.

Canton Ices $2% na Ze

Cements: $6% n., Converted. HK Ropes $2.60 →→

Stores, etc. Dairy Farms $19.20 m, Watson $4 n. Lane, Crawfords $3.75 a. Mackintoabs, 821'n. Sinceres $8:D.

Wm. Powells, 70 cts. n. Wing On (H.K.) 3105 m.

Miscellaneous

H.K. Amusements $1.85 1. Entertainments $6.40 . 8.0. Enterprises $1.85 m. Macao Greyhounds? 82 'ri, Constructions (old) $1.70 n. Construction (new) 45 cts. ny Vibro Piling 35 nad Play Ch Gort. 5% 1928 G#B4

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

E.K. Govt. 814% Loan 2% prem

Wallace Harpers 56 s.

Weavers

EARTH AND MARS AT CLOSEST

Inter this change may lead to better Good Opportunity For Ist Insured? ?

business. Home Trade business should be fully maintained during this Jubilee year.

Merchants

Astronomers

Nanking, Apr. 5.

Insurance All Classen LOWEST RATES

American Asiatic Underwriters Fed. Inc., U.S.A. General Agents

An official In the National As- Since last report, considerable activity has taken place in the lower ronomical Research Bureau in Nan- king states that the distance be numbers of cambrics and sheers in

tween the earth and Mars is 178,- the piece, but the better numbers,

|000,000 kilometers at ordinars | Head Office although not bearing the full ad-

times, but this year it is reduced to 17, The Bund vance in yarn costs, have not come 93,000,000 kilometers only, which in for so much attention. The Bale

of handkerchiefs to the United will give astronomers an oppor

tunity to make a closer observation States is still much below the nor of the planet Cheledai Agency. mal, but the Home and Colorfal trades continue to show Interest. In the house keeping goods the Home and Colonial trades have shown quite an active interest, but usually only where prices are stil under to-day's replacement cost. Stocks of the cheaper materials must now be almost exhausted,” and consumers.will have to be prepared to pay full replacement cost for this class of goods In the near future. The demand from the United States, however, is not up to what is usually expected at this time of year.

Dress Linens During the past four weeks fairly substantial amount of busi- ness has been arranged for white! and coloured dress, linens, but, diffi-¡ culty is experienced in making dell veries in time required owing to the oversold condition of the yarn mar ket Oyster linen suitings and fancy weaves including tweed effects have also been sold in moderate quantities Merchants are obliged to accept orders at prices well below present replacement costs, although Bill advances have been pared with ant season):

Shangka!

S. E. Levy & Co.

ICE HOUSE STREET

STMENT BANKERI 4: "BROXTRI

NEW TOLK, COTTON, EXCHANOR COMMODITY EXCHANGE, ING. N.T. "CHICAGO: BOARD OF TRADE

CANADIAN, COMMODITY EXCILANOE," ING.

WILD & CO, NEW YORK,

ELK. Ofice "Asia Lifa Bällding -Tol 30234