1935-04-18 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION Authorized Capital .......

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

Reserve Funds:-

Sterling € 0,500,000 Silver $10,000,000 Reserye Liability of Pro-

prietors.

HEAD OFFICE » BONGKONG, "

3', BOARD OF DIRECTORS,

8. H. Dodwell, Kai,

Chairman,

C. Knight, Esq.,

Deputy Chairman.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA." Incorporated by Royal Charter, 1885. HEAD OFFICE: LONDON

Semara Heroesban

Paid-up Capital

Reserve Fund

.68,000,000 .£3,000,000

20,000,000

Reserve Liability of Pro-

prietors

£9,000,000

Agencies, and Branches:

Low Blar

Bangtan

&miliar

Bairon

fangre

Betaria

Bombay

Cente

Kobe ww

Поторого

Turking

Madras

Colombe

Manila

Dythi

Kedar

Halpanagi

Raw York

Hamburg

Tingto

Harlow

(Paling)

Joh

Yokohama Zamboanga

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

A. H. Compton Esq.,

M. T. Johnson, Esq.

Hon. Mr. J. J. Paterson,

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

AMOT

BANGICK

MATAVIA

CALCUTTA

CANTON ONEPOO

LOMBO

STOCHOW

PRONG

HAMBURG

WANKOW

2 FFARDIN

ТОВСКА

KOTLOOK

3 M. Orybam, Dog.

Chial Manager.

BRANCHES-

KUALA LUMPUR LONDON

LYONB KALAGOA

MANILA

MUAR (Sphere)

MUKDEN

NEW YORK

PEIPING

PENAKO

RANOCN

BAN FRANCISCO

HAILION

RIANGHAT

RINUAPORT

ROGRADA ATANI

RUXUEL

TIENTSIN

TOKYO

TRINGTAO

TOECHAMA

Derrant Account opened in Local Durrency and Fixed Deposite received for our your or shorter periods in Local Company and Blerling, terms which will be qualed on suplication. Hong Kong, 6th April, 1935.

Harbin

Hose Long

Lumpur

Shanghai 645 pors Bitiawan Bourbay Tedrica Tienia Tengkak

(thukor)

Foreign Bushange and Comaral Banking bosinse Fresected.

Current Account opened and Fixed Depo |raosited for our pay a shorter periode at zalas

which will be. quote,on,,application.

"A. BREARLEY.

Manager.

Hong Kong, 1st, January, 1935.

SAFETY, FIRST |

To Safeguard Your Valuabled `and Jewelleries.

Deposit them in a Vault that is really: FIRE-PROOF BURGLAR - PROOF '

DAMP PROOF 1

OUR SAFE DEPOSIT VAULT

THE CHINA MAIL; THURSDAY, APRIL 18, 1935

Commerce and Finance..

LOCAL DOLLAR DECLINES

Silver Prices. Drop

"The local dollar declined, opani ing on demand this morning at 2/1

Spot silver has fallen 3/16 to 30%, while forward allver dropped to Bu

The London on New York crois- rate was quoted at £-U.S.$4.85, 25 compared with -U.S.$4.85, while the New York on London cross-rate advanced to -U.S.$4,851⁄4.

'NEW YORK STOCK

EXCHANGE

Reuter Quotations

April 17, The following quotations from New York have been received by Keuta

Last closu 10.20 11.00

HL86% 4.85% 4.65

Located on the Mezzanine Floor of Our New buliding is Specially Con- July 11.60 11.65 11.03 HONG KONG SAVINGS BANK tracted to provide all of these Im-

portant. Qualities.

Mby the BONO

abore Flak la concom

The fireOND AND STANOAT ANSING CORPORATION.

shine on application.

Kulee may be

TOR THE HONG KONG AND SHANGNAI BANKING COMPURATION

V. M, OBATBURN,

-Chief Minnes

Hong Kong, 25th February, 1995.

You may obtalo = Safe Deposit {Box in thle most up-to-date Vault for your own nes at a very moderate Reo- tal

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

LOCAL SHARES.

TO-DAY'S QUOTATION

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

Banks.

H.K. Bank $1170 p. ́ ́. H.K. Bank (London) £124"n. Chartered Bank $14 naa Marcantile Bark A. & B.. $81 m. Mercantile Bank C. £181⁄2 n. Bank of East Asia $851⁄2 n. Am: O. Finance Corp., Sh.$20 China O. Fin. Ord., Sh. $1.80 n. China O. Fin. Pref 8h. #4% ¤.

Insurances.

Canton Ins. 8260, n. Union Ins, $395 bi, $390 sa. China Underwriters $1.80 n. China Fire Ins, $400 n. H.K. Fire Ins. $215 saj International Assoe. Sh. $5 n.

Shipping.

Douglases $89 n. H.F. Steamboats, $74 n. Indo-Chinas (Prof.), $90 m. Indo-Chinas (Def.), 883 m.. Shells (Bearer) $53,9 n. Union Waterboats $11 n.

Mining.

Antamoks 98 ets. n. Balatoes $43 n. Baguio Gold 35.cts. n. Benguet Consolidated $14 mi.. Bengast Exploration 15 cts.. n. Benguet Goldfield 10 eta. n. Big Wedge 10 cts. p.

Gold Creek 40 cts. n.

n.

NEW YORK STOCK MARKET Pre-Holiday Lull In Business

SEASONAL · LIQUIDATIONS TAKING PLACE

SHIPPING CO. HIT BY DEPRESSION

(Continued from Page, 9)

CONSIGNEES" "NOTICE,

THE BEN LINE STEAMERS, LIMITED.

From LEITH MIDDLESBRO”, ANTWERP, LONDON

AND STRAITS,

The Steamship.

9/100!"

PA

on the Balance Sheet makes this. clear. Following the transfers in reduction of the Assets and £62, 000.0.0d. from General Reserve to b "BENLOMOND" Revenue Account the Reserve Ac Consignous of Cargo are hereby in- In their market report, Mesara counts now atand at:-General formed that all Goods are being landed, S. E. Levy and Company, corres- £88,000,0.0d. Underwriting £48,-ut their risk into the hazardous and/or pondents, for Messrs. White Wald 307.8.7d., and Special Repairs and extra hazardous Godowns of The Hong.

Kowloon

Godown Wharf & and Company, New York state: Renewals £15,181.7.4d, making a

from the whence and/or "Stocks: Some pre-holiday, liqui{total of £101,488.15.11d. **| wharves delivery may be obtained. dation was in evidence to-day and we

Sundry Creditors

No claims will ho admitted after the look for a quiet market for the "Sundry Creditors in China and Goods have left the Godowns, and all Goods remaining undelivered after the balance of the week. Business done: London amount to £174,604.17.48. 25th April, 1935, will be subject la 860,000 shares,

and include £26,352.12.1d. due to rent.

All claims against the steamer must "Grains: Fears of further rains the Hong Kong and Shanghai

be presented to the Undersigned on or In the South-West Indicated some Banking Corporation on instal-

before the 9th May, 1935, or they liquidation. Pre-holiday" profit-tak-jments paid during the year for will not be recognized. ing was ал additional influence the new steamer and £64,062.5.24. To comply with the General Bonded

Warehouse Country offerings of corn were due to the General Managers

Regulations consigness must have a Revenue. Officer in attendance meagre, while terminal supplies are advances, both of which are secur-when damaged dutieble goods are decreasing. Consumers were good ed by Mortgages on certain units examined. buyers. Total sales: Wheat,jof the Fleet as noted in the Bal-

All broken, chafed, and damaged 82,198,000 bushels Corn: 10,202,000 ance Sheet Sundry Debtors in Goods are to be left in the Godowns, bushels.

China and London stand at £122 where they will be examined on the 24th April, 1995, at 10. a.m., by "Cotton: There was some scatter 828.15.1d, including Agency Bal-Messre. Goddard and Douglas. ed liquidation in sympathy with the ances amounting to £62,41411.3d. easier whent market. The decline is and General of £25,496.19.88,, of Bill of Lading will be counter-signed likely to extend somewhat further. which practically all these sumos by,

"Rubber: Factories were fair have been received since the close buyers of actual rubber. We expect of the year."| better public support on declinea. "I do not think there is any- Total sales: 225 lots.

thing more in the accounts to he "Flashes: Average daily petro commented upon and I now beg to leum production for the week ending propose the following resolution: April 13 was estimated at 2,582,000 barrels, compared with 2,536,000 barrels the previous week. Weekly electricity production totalled 1,725, |000,000-k.w.h., an increase of 5.1 per cent. from the corresponding period of last year.

.

, *

"That the Report and Statement "ed including the transfer of 162, of Accounts as presented be adopt.

"000.0.01, from General Reserve Ac- count to Revenue Account and that "the sum of £676.0.3d. be carried for- "ward to next year.”

Sir Robert Ho Tung, seconded "The moisture received in the the resolution which was unani- grain belta is insufficient.

We remously carried.

The next business is the con- commended purchases on setbacks,

"Amongst stocks, Consolidated!! firmation of the appointment of Gas Company issues look higher Mr. M. T. Johnson as a Director Jover the week-end.

NY./Lon-

don

NY Cotton-

Oct.

.11.36 11.35 11.82

|N. Y. Rubber-

July Sept. C. Wheat

.11.90 11.82 11,88 .12.02 11.08 12.00

1.02%

1.02

*1.02

1.0ft

c. Corn

May

80%

80

W. Wheat

May

80%

€914

Gold Rivers 10 cts. n.

STOCKS:-

Ipo Mining $1 n..

Amer Smelt-

ing

37

37%

374

Itegans 42 cts. n.

21% 217

2144

Salacots 16 cts. n.

Du Pont

94%

04%

05

Head Once-Hong Kong,

DIRECTORS

"!

Authorized Capital

Bir bus Choe, Chaliman Loon Chun, Erg. FK. Kwok, Ess Tent, Esq. Chad Chng Bhak, Zaqy Sang Zag Wong Chu, Rag.

|Paid-up Capital

WADA

Total Rasvarces

$11,000,000 Ini Tel & Tel 8,655,000 Locw's Inc 32,170,492 Montgomery

Eire Bond. &

Share General

....

Kailan Mining Ad. $19/— n. Langkats. (Single) Sh. $16 n.

In

64

·6%

6

S'hai Exploration Sk. $5 n.

Motors

20

30

20%

74

7%

7%

S'hai Loans, Sh. $8 n.

107%

37

STA

Raubs $5% n.

Venz Goldfield $5 n.

Ward

LAX

2514

251⁄4

Kan

Yur

Docks, etc..

Nat Distillers Standard Oil NY Central

27%

274

274

15%

15%

15

NJ

41%

4114

-40%

32

32

31%

THE BANK OF EAST ASIA, LTD.

„Authorized Ompila!

Pudup Capital moon Motorre and Baditided Proble

Sajovia

Mambay Celeste

10.605.500,00 THE BANK OF CANTON, LTD. Con Gas NY

$1,498,12.60 ..$2,404,400,00

READ PICE –UONO. KONO

19, De Vaus Road Central,

BOARD LY

-

IM Toty Po, Exz. Chiat Maungw. 12 The Post. Begin Manager.

Siphong Hankey

BRANGERS AND AGENCIES:-

Manila Melbour

Napaski New York

Ouka

Bentle செலை Shanghai

Surabay Swobow Hiney Trick

Parla

Pelping

Homolka

Panne

Bạn nào

Kowloon

Frigog

Tokyo."

FAD Freccia

Valourer Tohokuma

Exalatge

Loans granted va append

Every description of Banking and

• A

souries,

Carson Arrouals opened in Local CurrONS and Fized lepottable for one you T Local and Foreign Cumpar

Wherer periods |

Established 1912.

Branches: Canton. Tolahan, Shanghai, Hankow, Bangkok & Ban Francisco. London Bankers: Lloyds Bank, Ltd.

Foreign Exchange and Banking business of every discription traXIN-

Current Accounts opened and Fixed) Deposita received for one year or shorter perioda at rates 'which will be quoted on application.

Safe Deposit Boxes (variona sisaa) fer hire.

LOOK POONG BHAN,

Chief Manager

тав

bekka will be quoted applicatio. AMERICAN EXPRESS COMPANY,

Safe Depot Bases To Les.

KAN TONG TO:

Chiat Maungu.

THE CHINA & SOUTH SEA BANK,

LIMITED

Incorporated in China)

Head utice...Shanghal

Capital

Reserve Branches

INC.

Head Office: 45, Broadway, New York

Capital ... Surplus Reserves

Kilonzon

US Steel

SAICHUEN CEMENT WORKS Machinery Installed In New Unit

Canton, to-day. The second unit of the Saichuen Coment Works, which was added in order to increase output to meet the growing demand.for cement, has been entirely completed and' machin. 1,996,628.31ery which cost over 12,000,000 has been installed. It was put into operation yesterday.

..U.8.$6,000,000.00 2,097,112.49

BRANCHES:—

The lingus

HIVAGE Kambary BATH

.37,500,000.00

Arrierkam Autwory

.$1,500,000.00

AMEN

All Important Cities

Beale

Berile

Bombay

Brussels

Calre

Calcutta Cannes

Heidelberg Interlaken Jerunala London Liverpool

Ingine

In China

and General Foreign Exchange Barking Business transacted.

Current and Saving Accounts opened and Fixed Deposita received for one Bear or shorter periods at rates which will be quoted on application.

BOU Z. CHANG,

Manager,

HONG KONG BRANCH: 21. Des Voeux Road, Central Manager's Office ....Tel. 33556 Foreign Exchange Dept. 28648 » BEEST

General Offes

Cambler's Office

28550

THE YOKOHAMA SPECIE BANK LIMITED.

Established 1880

Capital (fully pald-up) Ten.100,000,000 Reserve Fund

Yen.125,800,000

Head Officer--YOKOHAMA

Branches and Agencies at:

New York

Alexandria

Nagasaki

Batavia

Nagoya

Berlin

Bombay

Calentta

Canton

Osakk

Paris':

Pelping

Datre Maksion): Rio de Janeiro. (Dalpy) Rangoon

Hamburg

Hankow Harbin

Hoa Long

Honelala

Hainking Karach Kobe London Zoa Angelas Manila

San Francisco Seattle

Singapore Roerabaya Sydney Tientaln Tokyo Yingkow

Tringtan

Colombe Copenhagen Tabita

FixPende Gobars

Ydinbury'k Monte Carlo

Mani Menich Montreux

Miles

Naples Pira Parks Peipin

Rotterdam Rims Shoghal Boulangen Варан 7sormias

Viess Venice Tokokume Eurich

Branches of American Express Com In Principal cities of Walted Btates of America and Canada.

nany

All classes of Commercial Banking| Transactions undertaken,

Personal investment accounts handled.

The Company offers to intending Traveller the use of a “Travelers Cheques" and Letters of Crédit and, addition, the world-wide services its thoroughly equipped Traval De partment.

E. W. DUGGAN,

Manager,

THE WING ON BANK

LIMITED

Head Ofee: Hongkong.. 26, Des Voeux Road Central.. "Authorised Capital 210,000,000:

LONDON BANKERS- Westminster Band, Ltd, Foreign Exchange and every descrip tion of banking businesses transacted. A Current Accounts and opened.

་

Fixed Deposits received at rates which will be quoted on application. Special rates given Or Creat As Special deposits, FERNAN Trusteeship and Executorship nader Deposits reostred for fixed farleda taken. Safe Deposit Boxes for hire. rates to be obtained on application. Wattage. PHILIP GOCKCHIN:

G. KISHINAMLKET BET Chief Manager by us

Prime Manager, L. GOOKCHIN SHU FONG Long 11th March 1983 Amat.- Maringu

* Asst. Manager

In view of the fact that more stones as raw material are wanted hereafter, the Cement Works have. petitioned the Reconstruction De- partment to take back the stone mias in Fa-shu-yan,. Tingtek County, which has been leased to merchants. It is estimated that $8,400 mining expenses will be saved if the enter prise is run by the Government it kolf.

The second unit is capable of pro- The total daily output of the factory is ducing 1,500 barrels daily.

3,000 barrels.--Central Press,

RAW RUBBER PRICES

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 % down . July-Sept. 20 % down 1⁄4. Oct-Dec, 21% down

Market: Dull.

Selling price cent higher on all positions.

THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED

(Incorporated in China).

Capital paid up85,000,000 Reserves RINGTET,000,000,!! Gapital: Savings Dept., $600,000, Reserve Savings Dept. $600,000, 256 Head Off¢6-Shan

A Bank having na ita misai industrial development at and the fostering of her cial relations abroad. Hong Leng office!!/7 Yes Homes

H.K. Wharves $90 p. Cum. rts.

H.K: Wharves ex right $90 n.. HK. Wharves right $10% n... H.K. Dock $94. Providents (old) 81 n. Providents (new): 20 cts. p.

* Hongkews Sh. $809. n.

New Engineering Sh, 85 a. S'hai Docks, Sh. $120

Cotton Milli ?

for

of the Company, occasioned

E. A Pierce And Co's Report through the departure from the their market report, the Colony of the Hon." Mr. C. G. S. jAmerican Oriental Finance Cor. Mackie," continued the Chairman.

poration, correspondents

"The latter served on this Board Messrs. E. A. Pierce and Company for a considerable period and the of New York state:--

Directors will miss the benefit of "Stocks: The market was sub his wise counsel during these dif jected to a teat on the news that ficult times. I am sure, therefore, the Chicago and North Western you will all join with me in wish-

(Continued on Page 10).

ing Mr. Mackie and his wife a long and happy retirement (applause).

COMMODITY PRICES

Mr. Johnson's : Appointment Mr. F. C. Hall., proposed, the ¡[confirmation of Mr. M. T. John- The following quotations have son as a Director, and this was been received by Reuter.. New York Cotton:-

May

Ewo Cottons Sh. 88.80 n. Shanghai Cotton (old) Sh.868 1. July S'hai Cottens (new) 342 n. Zoong Sings Sh. $9.80 n. Wing On Textiles, Sh. 355 n. -Lande, Hotels, eie. H.K. and S. Hotel $4,40 s*. H.K. Lands $89 b H.K. Land 4%

102% n.

Shanghai Lands, 8h. $18 p. Metropolitan Lands Sb. $12.20 n. September Humphreys: 39.40 n H.K. Realties $4.85

October Ex. div. December

January

ésla Realties: "A"; 8h, $100 n. Asin Realties "B" 8h. $15 n. Chinese Estates $90 m... China Realties Sh, $9.60 n. China Debentures Sh.$123 a.

Public Utilities

Apr. 16. Apr. 17|

No Fire Insurance has been effected.

GIBB, LIVINGSTON & CO., LTD.

Agents Hong Kong, 18th April, 1935.

||seconded by. Mr. T. R. Macdonald,

Mr. B. T. Williamson; and. MỀ M: Ka T. Johnson, the retiring Directors,

gone.

20 BEEN SEBENAR SEMINAR ÍS

Everything BUT YOUR

SAVINGS

RENT

FOOD

CLOTHING

HEAT

TAXES

WATER

CHITS

SAVINGS

SAVE SOMETHING

START NOW

Closing Closing were re-elected on the proposal of UNDERWRITERS

Mr. Chan Wing and seconded by Mr. N. L. H. Railton.

Mr. Murdoch proposed that Mr. 11.30 John Fleming and Mr. A. Ritchie

be re-elected auditors of the com 11.75pany for the ensuing year at a re- muneration of $6,000, This was seconded by Mr. H. W. Dulley and

SAVINGS BANK

FOR THE FAR EAST, INC.

Asia Life Building

Hong Long

Tel. 80284-

12.20 UNDERGROUND CAR 20 BESAR 20 BENIN 20 MONEN 20

PARKS

11,59 .11.43

11.66 11.52

October

11.35

11.20

December

11.45

11.26

Jan. (1936)

11.46

March

11.67

11.39

Spot

11.90

Debentures New York Rubber:-

May

11.80

11.74 unanimously passed.

July

11.90

11.85

12.02

11.96

12.08 12.03

12.28

12,37

12.27

Chicago Wheat:-

May July

102%

102

9994

September

1021⁄2

100%

| Chicago' Corn:——-

May

8914

89%

July

88%

827%

September

78/2

78%

+

Winnipeg Wheat:-

May July

8934

.805. 90

New York Sugar?----

May July Sept.

H.K. Tramways $1474 8. Peak Trams (old) $81⁄2 m. Peak Trams (now), $6 n. Star Ferries $80 n. Yaumati Ferries $22 m. C. Light $9.40 b.. H.K. Electrics $64 88. Macao Electrics $25 n. Sandakan Light $75. Telephone (old), $22 sä,

· Telephone (new) $10.10 n. China Bases Sh. $12.40′n. Singapore" Traction 10/8 n. Singapore Pref. 20/6 p.

** Industrialges Malabon Sugar 38% n Cald:' Macg, (Ord.), 8h. $16 s. Cold: Macg. (Pref.), Sh. $16 n.. Canton Ices $23⁄41⁄4" n.V Cements $81⁄2 n., Converted. H.K. Ropes $2,60 m.

Stores, etc.

Dairy Farms $17% ca. Watson $8.70 Ex. div. n. Lane, Crawfords $31⁄2 n. Mackintoshs, $21 n. Sinceres $8 n. Wra. Powells, 70 cts, ni Wing On (H.K.) $105 m Ang Miscellaneous,

HI.K. Amusements $1.85 n. Entertainments $8.40 n. S. C. Enterprises. Marao "Greyhounds”: 32 m.): Constructions: (old), $140 80, Construction (new) 45 ete. By Vibro Piling 35 nov Ch: Govt 5% 1925 G$Bda.—

HK. Govt, 4% Loan, 6%% prem

HX. Gort 8% Loan 2% prem.

Wallace Harpers 38.1.

100% Leeds Talks. Over New

No. 1 No.3 No. 1 No. Con. Con. Con. Con 2.39 281 2.34 2 2.40 2.38 2:422.40 2.46 2.48 2.48 2.40 Dec;

2.53 2.49 2.55 2.51 Jan. (1986) 2.43 2.35 2.45 2.80 New York 8IIK:-

May July

1.84

1.321 1.33% 1,32

September

1.88

1.30%

Montreal Silver:

May

July

September

67.85b 67.65ti 69,00 * 68.15t 68.70:88:85t

·70,000, t-traded

December

· 70.05

b-bid

Is It Insured? ?

Insurance All Classes LOWEST RATES

American Asiatic Underwriters Fed. Inc., USA. General Agents

Hord Ofice 17. The Band Bhanghal

Scheme

It was asked at a Leeds - City Council meeting recently whether

the Corporation could make s

ז '

UPTON SINCLAIR TRANSLATION

Japanese Given Rights

Free

Mr. Ryo Namikawa, saya a Rengo

charge for car parking in the despatch, has been given the rights streets and whether underground by the author, to translate his parks might be provided, but the book, "Upton Sinclair Presents. Town Clerk made it known that William Fox," into Japanese

The book is an exposfiton of they had no power to make any such charges. Underground car Hollywood and high finance and parks could be made however, if the translation rights of it has the council obtained the necessary been given free to Mr. Namikawa,

who is borrowing power.

an employee of the Japan Broadcasting Association:

S. E. Levy & Co.

7, ICE HOUSE STREET"

„INVESTMENT BANKERS A BAROKERS"

#RMARRA

"NEW YORK COTTON EXCHANGE

COMMODITY EXCHANGE, ING. N.Y,

CHICAGO, BOARD OP 'TRADE

CANADIAN COMMODITY: EXCHANGE, INC.