1935-05-02 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised Capital

$50,000,000 Innued and Fully Paid-up. 20,000,000}" Reserve Funds:

Sterling ..... £6,500,000

Reserve Liability of Pro-

HEAD OFFICE: HONGKONG. BOARD OF DIRECTORS.

B. 13. Dowall, Eng.

Charms

• ¢ £. Közt, Raij. Deputy Chalian.

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

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

Edugapore Kitawan

Bourabaya Taiping Tipaleis

Silver..

*$10,000,000

Paid-up Capital

Reserve Fund

£3,000,000 .£3,000,000

prietors.

20,000,000

Reserve Liability of Pro-

prietors

-$3,000,000

Agencies and Branches:

Ameriket

Hello Ipoh

Rassgoons Balgan

Bangkok

Bombay

Barang Berembes Sbangbal

Kuala

A. B. Compton Esq.,

Cawnport

MT. Johnson, Esq. Hori, Mr. J. J. Paterson,

Kuching Madra

Bolenbe

Madau

Miskin Esq.,

T. E. Pearce Esq.,

Haiphong

New York

Fatburg

Helping

V. M. Anjlam, S.

Tucker

Chief Magić.

KUALA LUMPUR

MANILA

MUIDEN

K&W TUBI

PEIPING

RANGOKIN

Mor BANGKOK

BATAVIA

BONDAY DALCUTTA CANTON QUZYOO COLUMBU DAIREN

PROCED W

HAIPHONO STAMBENCH MAXIOW

1.XER

IPUR

WLOON

BRAVO 16:

LONDON

LYONG

HALLOCA

KUAR Joker)

PENAXO

KAIDON

SAN PRANCISCO

BUANGHAL

SINGAPORS MOURABAYA

SUNBEI PATANI

TIENTSIN

TURYO

TEINOTAO

TOKORAMA

Current Resourse speed in Ecal Conny Pized Dupoaise rived for one your be shorter periods iu, Los Dengaay and Surling

lens which will be quoted on splitting. Hong Kong, Cth April, 1935.

HONG KONG SAVINGS BANK.

This Fusions of the abore Bauk le sondues. by the HONG LUNG AND BILANOBAT Balon may be va applicatie.

M THE HONG KONG AND SHANGHAI TASHING CORPORATION

7. M. GRAYBURN,

Chin! Masson.

Hong Kong, 25th February, 1935.

THE BANK OF EAST ASIA, LTD.

farbia Hong Key.

(Forlog!

Tinkag

1. Thoker)

Istagio Tokekame Zamboanga

THE CHINA MAIL THURSDAY, MAY 2, 1935

Commerce and

Finance

LOCAL DOLLAR DECLINES

Silver Prices Fall

The local dollar has dropped back opening on demand this morning at 2/5%.

Silver prices fell 3/16, spot be- ing quoted at 34% and forward at 34 11/16.

The London on New York cross rate was quoted at £-U.S.$4.894 as compared with U.S.$4.88% Porolg) Bambergs and General, Banking balans while the New York on London Curresi Abune oposed, and land Dept

quoted at rostred for our yong or shorter periods

Cross-rate was which will be quoted on applivnilom,

U.S.$4.8 as compared with A. BREARLEY.

Manager. U.S.$4.83.

frammand,

Hong Kong, 1st. January, 1935.

BAFETY FIRST

To Safeguard Your Valuable.

and Jewelleries. Deposit them in a Vault

that is rully:

FIRE - PROOF BURGLAR-PROOF DAMP-PROOF!

OUR SAFE DEPOSIT VAULT

EXCHANGES

TO-DAY'S QUOTATION

located on the Mezzanine Floor of On Singapore- Our New building is Specially Com- On demand structed to provide all of these Im-On Jupi—~ portat Qualities.

You may obtain a Safe Deposit Box in this most up-to-date Vani for On India ¡your own use at a very moderate Een-

Inspection Cordially Invitel. THE NATIONAL COMMERCIAL

& SAVINGS BANK, LTD.' Corner of lee House Street and Des Voeux Rosd, Contral

Lekkora Capilai 100,000.00 THE BANK OF CANTON, LTD. On Saigon

Tutup Capital Revere and fivided. Profile

REA PIOR-HONG KONG

19. i Yaus Bood Central

BOARD 1 DNYCFORE.

1,414,200.00

Established 1812.

Head Ofico-Hong Kong,

Authorized Capital

|

LOCAL_SHARES.

TO-DAY'S QUOTATIONS.

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

Banka.

~H.K. Bank $976 on.

H.K. Bank (London) £1244 n. Chartered Bank $14% n. Mercantile Bank A. & B. $31% Hercantile Bank C, 418% D Bank of East Asia $81 n. ~Am: 0. Finance Corp., Sh.$15 n. China O. Fin. Ord., Sh. $1.80 n. ¡ China O Fia. Pref. Sh. 34% n.

*Insurances. Canton Ins, $215. ri. Union Ins, $945 b., $340 sa. China Underwriters 81 n. China' Fire Ins.'$400 n. HK. Fire Ind. $200 s.

International Assce. Sh.$4% n. Shipping.

Douglases $30 BA.

Bagulo Gold 21 cts. n.. Benguet Consolidatëd $11 n. Benguet Exploration 10 cts ni Benguet Goldheid 10 cts. p.

NEW YORK STOCK

MARKET

Metal Shares React

WEAKNESS CAUSES GENERAL PROFIT-TAKING

P. & 0. STATEMENT

No Interim Dividend On Deferred Shares

London, To-day The Peninsula and Oriental Steam Navigation Co., Ltd., have declared an interim dividend on the cumulative preference shares In their market report, Messia for the half-year to March 31 at S. E. Levyand, Company, "corre the rate of 5 per cent. per annum pondents for Mesura. White Weld and Company, New York, state: able to declare an interim divi- less: tax. The company was un- Stocka:-The inability of the dend on the deferred shares. market to carry through and the The British India Steam Navi- reaction of metal stocks are caus-gation Co., Ltd., have declared a ing general profit-taking. We dividend on the 5 per cent. would accumulate oil, Montgomery cumulative preference shares for Ward, Sears Roebuck, Consolidated the half-year ended March 31 at Gas and Johns Manville shares on the rate of 2 per cent. less tax, further reactions. Business done: and also a dividend of 2 per 820,000 shares.

cent. cumulative preference Grains: The delivery of unde-shares. for the half-year ending sirable grades. of wheat and East-June 80.- Reuter. ern selling were the major in- fluences to-day. Weather, condi- tions wore.

mostly favourable.

NEW ADVERTISEMENTS

HONG KONG CRICKET CLUB TENNIS TOURNAMENT

OPEN CHAMPIONSHIP ...DOUBLES FINAL

S. A. AND H. D. RUMJAHN

W. C. HUNG'AND`HO KA LAU

Entrance to Stand $1 (Incl. Tax), Friday, 3rd May 1935 at 4.30 p.m.

Booking at Moutrie & Co.

NOTICES.

NOTICE.

Total sales: Wheat: 34,688,600 TRACTION COMPANY the business of Lowe, Bingham &

bushels: Corn: 16,881,000 bushels.

Cotton: The market was very

dull.

Traders are awaiting the decisions regarding the Processing Tax and crop loana.

27 was

WIN APPEAL

Singapore Action Dismissed

London, To-day.

NOTICE IS HEREBY GIVEN that by mutual consent the interest and reiponsibility of FREDERICK NEWMAN MATTHEWS, F.C.A., Int.

Matthews, Chartered Accountants HONG KONG OFFICE, ceased as on 1st February, 1935: the practice in the Colony and District will con- tinue to be carried on under the present name and style by JOHN FLEMING, C.A., and ARCHIBALD RITCHIE, CA,

and

Rubber: The market Was were sluggish. Manufacturera ' small and cautious buyers, while

The Singapore. Traction Có. | speculative purchases

were won its appeal to the Court of NOTICE IS HEREBY GIVEN that negligible. Total sales: 104 lots. Appeal from a judgment by Mr. the responsibility and. Ilability of

Flash

Justice Eve in the Chancery Divi- JOHN FLEMING C.A. and ARCHI- Average daily production of sion. The Court discharged the BALD RITCHIE, C.A. in the busi- petroleum for the week ended April injunction and dismissed the acness of Lowe, Bingham & Mat-

"estimated at 2,516,000 tion.-Reuter.

thews, Chartered Accountants, barrels, compared with 2,590,000| On April 6 the Judge of the at SHANGHAI, TIENTSIN, PEI- barrels the previous week.

Chancery Court granted an In- PING and LONDON ceased as on The Edision Electrical Institute junction restraining the payment 1st February, 1935; the practice in estimates weekly electricity pra-of £100,000 by the Singapore Trac- these places will continue to be car duction at 1,678,000,000 kw.h., antion Co. to the Shanghai Electric ried; on under the present name increase of 0.8 per cent, from the Construction Co., in return for and style by FREDERICK NEW- corresponding period of last year. freedom from control by the latter MAN MATTHEWS, F.C.A., ERN-.

E. A. Pierce And Co's Report, fr.

EST FROST HARDMAN, C.A., In their market report, the

· Hin Lordship · ·held that as the HENRY RENNIE CLELAND, C.A. American Oriental Finance Cor-Singapore Traction Co. was not in and ARTHUR JOHN KÅNE, A.CA poration. correspondents for a position to provide the money, it Mesers. E. A. Pierce and Company was proposed to pay by an issue of LOWE, BINGHAM & MATTHEWS, of New York state:-

debentures, thus converting the

Chartered Accountants. Stocke: The labour situation in Shanghal charge on the Singapore

Hong Kong, 30th April, 1995, the motor industry, uncertainties company's profits into a secured over the immediate trend of Bual-debt, payable by Singapore, which ness and conflicting reports from was quite a different thing. Washington regarding Legislativo The application was opposed by prospects all served to confuse, the the Investment Trust Corp., pending market and are evidently influenc-its own action against the Sing- ing farther realising.

On London-

On T.T. and demand

2/5%

4 months' sight

2/51⁄4

Credits 4 months' sight.. 2/6%

On Shanghai---

On demand

142

H.K. Steambonts $5% 9. Indo-Chinas (Pref.), $80, 'n. Indo-Chinas (Daf.), $88 1, Shell (Bearer) $55/7 Union Waterboats $111⁄2 n.

Mining.

n..

Autamoks 70 ets.

103%

Baintocs $34 sa,

On demand

20534

On TT. and demand

160%

On New York-

Big Wedgo 8 cts. n.

On demand

58%

Gold Creek 23 cts. sa.

Credits 60 days' sight

614

Gold River 7 cta, n.

On Batavia-

Ipo Mining 8 cts, n..

On demand

86%

logans 30 cts. n.

On Parls-

Salacots 12`éta. n.

On demand

885

Kailan Mining Ad. 7/6 n.

Credits 4 months' sight

.935

Langknts (Single) Sh.$14 n.

S'hai Exploration Sh.841⁄2 n.

On demand

864

S'hai. Loans Sh.54 n.

On Manila

Raubs 85% n. 1.

On demand

1174

Venz; Goldfield $5 n.

#11,000,000 On Bangkok-

Decks, etc.

8.455.000 On demand 82,170,492

.76%

II.K. and K. Wharves $85

Cum, rts.

MAJ

84%

H.K, and K. Wharves ex right

$85

nom.

,раг.

B.

..8% p.s. 261⁄2 dia. .par.

H.K. and K. Wharves right $10 HK. and W. Docks $934 n. Providents (old) $1.

n.

apore company.

:

"Sugar: Actuals were quiet, with small offerings of Puerto Rico sugar for prompt delivery at 3.30 · centé

LONDON EXCHANGES

Chief Manager

Entry description of outing and Erokengs tracted.; Loans greĽud ne'approved

law ClarmDO

Dareal, Arcounts oped in

Piss Depp Local and

short pecudyin

For AMERICAN EXPRESS COMPANY,

Sarma. Watch will do quoted, no, sypflossiOS,

Caft Elspelt om To L.-

KAN TONO PG,

Head Offee: 55, Broadway, New York

Paris New York

Montreul

THE

Bruscia

London, Yesterday.. 73.11/64 4.83 3/16 4.85 22.49

INC

Genera Amsterdam

14.91% 7.1834

Milan

Berlin

58 9/16 11.98

די

Prague

.U.S.$8,000,000.00

Bucharest

115 9/16 475

2,087,112.69

Hong Kong

2/6 183716

1,995,521.31

Silver Spot

342

105%

Bir About Chow, Chairaska.

Een Chun, P. K. Kok, Da, Woog

Taa Toby. Bag., Chasines Shel, Fagh La Lan

fast Rod Wong Clon, Paq. and in The

2.4.

EN TODE Po. Kiq.. Oldal Manager,

To The Four Cry Manager.

BRANCHES AND AUENDIEN:-

Barris

Sambsy

มอ

Na

Bambarang

Deletio Ban

New York Banky

Singapore

sydney

It cargona

Talbot Timi

Two

Baigo

Toky

Looden

San Franeke

VAL FOR Friekias

Bankow

Дреник!

Pusle

Paiplek

Paid-up Capital

Total Researces **

Branches: Canton, Tolisher, Shanghat Sovereigns bank buying rate 2/64 Hankow, Bangkok & San Francisce, Bar silver per oz.

London Bankers: Lloyds Bank, Ltd, Copper Cash

Exchang

and Banking Copper Cents of discription rana-Rate of Native Interest

every Current Accounts opened and Fired Chinese Sub. Coin Depuilta received for оде year or Hong Kong Sub Coin

horter periods at rates' which will be quoted on application.

Safe Deposit Boxos (various sizes) fer hire.

LOOK POONG, SHAN,

XXXX

Everything

gone

BUT YOUR

SAVINGS

Our

Mestrad

Chial Mus

THE CHINA & SOUTH SEA BANK, LIMITED

(Incorporated in China)

Hea vffice...Shanghai

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

Capital

Surplas

Reserves

BRANCERS:-

Flavo Bamburg

Heidelberg Interlaken

• Terasim

Amsterdame

Genos

Antra Athena

Glasgow

Nies

{T}<œ ̈dia que,

Naplas

•Capai....$7,500,000.00

Pirou

BIRD

Branches.All Important Cities

Ballo

Bombay

in China

Foreign Exchange and Banking Business transacted.

General

Brassele

Cal

Londo

Purin Priple; Palerme Artharden Botna Shanghai

Cal

Liverp

Colcen

Losowne Інаралы

Copiokapen

Lusor

Tobin

Varader

Edfaborgh WED

Ста

Manager.

+

Current and Baving Account opened! -Fixed Deposita received for one Ser or shorter periods at rates which

w be quoted on application.

SOU Z. CHANG,

HONG KONG BRANCH:

31, Des Voeux Road, Central. Hager's Office......Tel. 33565 $2556 Foreica Exchange Dept.

General Office

Cashier's Office

J

Monte Que

Manila

Munlos Montreds

Best bampion Bipol

Tientaln

Thorssin

Tienta

Venice Yokohama Zurica

Branchen of American Express Com pany In Principal cities of United Btates of America and Canada. $8567

All classes of Commercial Banking Kransactions undertaken..

13669

THE YOKOHAMA SPECIE BANK LIMITED.

Established 1880 ·

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

Head. Once: YOKOHAMA

Branchen and Agencies st:

Nagasaki

Alexandria

Batavia

Barila

Bombay

Galentta

Canton

Dafren, (Dalny)

Fengtien (Makles) Rio de Janeiro

Bankow

Hamburg

New York Osaka Parla

Peiping Rangoon

San Francisco

Seattle

Semarang

Los Angeles

Tsingtas

Shanghai Singapore Spermbays Sydney Tientaln Tokyo Yingkow

Barba

Hong Kong

Honolula

Hainking Karachi

Manila

Internet allowed of Ozmat

Personal investment accounta {handled.

The Company offers to 'intending Travellers the use of its "Travelers Cheques" and Letters of Credit and, addition, the world-wide services thoroughly equipped Travel De pariment...

E. W. DUGGAN,

Manager,

THE WING ON BANK LIMITED

Head Officer Hongkong. 28,. Des Voeux Road Central. Authorised Capital #10.000,000 *

LONDON BANKERS:—N Westminster Bend, Ltd. Foreign Exchange and every descrip {tlon" of" banking businesses transacted. Carrent Accounts and Savings Accounts opened. Fixed Deposits ¿roćeved at

ceived at rates which will be quoted on application: Special rates

raten given 277 Ao-Special deposits,

è rates to be obtained on application

under-

Trusteeship and Executorship. Decoltareselved for fixed periods taken Eafe Deposit Boxes for hire.

PHILIP COCKCHIN BangChief Manager", T Manager LGOCKCHINESE LI SHU FONO

| Asit Manag

MAIKYNIHBIX : 0-

Kong, 11th March 1985.

Asst. Manages

Warloan 3% Silver Forward ...

34 11/16 British Wireless Service.

DANZIG GULDEN DEVALUATION ·

Expected To Be Near Polish Zloty

Warsaw, to-day. The Senate of Danzig has decided to devalue the Danzig gulden, which is being introduced on a lower gold: parity, The extent of the devalua- tion is not stated but the gulden is expected to come much nearer to the Polish zloty.-Reuter..

RAW RUBBER PRICES

Latest Quotations From

Singapore

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

Spot 18% down 4 b.,.19%.. July-Sept. 20% down % b., 2034

6.

Oct-Dec. 21% down b, 21% s. Market: Uncertain.

THE SHANGHAI COMMERCIAL | & SAVINGS BANK LIMITED

Incorporated in China)

Capital paid up $5,000,000. „Reserves", FANGAL,Y.$7,800,000.- Capital · Bavings. Dept.): $600,000, Rooya: Sayings. Dept.: $600,000. --

Head Office-Skanghal-

“A Bank haring sa ita mission the Indutelal development of China and the fostering of her commer. cia) relations abroad, rond

· Hong Kong office—7-Ice House. St.

BAA Phase 3141215

**Providents (new), 20 eta. E,

Hongkew. Sh. $2671⁄2 n. New Engineering Sh.$5 r. S'hal Docks Sh. $110 m.

Cotton Mills. - Ewo Cottons Sh. $8.80 n/ Shanghai Cotton. (old)- Sh.468 m. d'hal Cottons (new). $42 n. Zoong Singa Sh. $8% n. Wing On Textiles; Sh. #65 'n.

Lands, Hotels, etc. H.K. and S. Hotels $4.10 b, & sa. H.K. Lands $87' n.. H.K. Land 4%

Debentures

100% n.' Shanghai Lands Sh.$201⁄41⁄2 n. Metropolitan Lands Sh. $10 n. Humphreys 19% m... H.K. Realties $4.85 n

Asin Realties "A", Sh., $75 n.. Asia Realties "B" Sh. $10 n. Chinese Estates 390 n. China Realiles Sh. $7 n. China Debentures Sh.$128 n.

Public Utilities · H.K. Tramways $12.70 b, Peak Tram (old) $8% n. Peak Trams (new), $6 m. Star Ferries $80 a Yaumati Ferries $22 r. C. Light $8% sa,

perlb. Futuros were slightly RETAIL TRADE SALES

lower on scattered selling. Under- lying conditions continue strong.

"Cotton: The market was quiet, with small amount of hedge selling of Jaly cotton. There was a mo

derate volume of Trade buying on the scale down, the main buying power at present.

IN BRITAIN

Money Value During March Slightly Higher

London, to-day.

"Rubber: The market was steady, The money valuà of retail trade but very quiet with a narrow range ales in March 1995 was only 0.6 of prices. Dealers were the prin- Per cent higher than in March cipal sellers, whilst Commission 1984, the later fall of Easter this

(Continued on 'Page 10)'

year delaying the pre-holiday busi- nesa expansion. For two months, February" and March, the sales ex-

ceeded those in the corresponding

COMMODITY PRICES period of last year by 2.5 per cent.

The following quotations have been received by Reuter

H.K. Electrics $61 n. Macao Electrics $25 s. Sandakan Light $6 si Telephone (old) $191⁄2, $20 |May

19 sa, Telephone (new) $9% n. China Bures Sh. $111⁄2 n. Singapore Traction 10/8 x Singapore Pref. 20/6 m.

Industrials

Malabon Sugar $81⁄2 n. Cald: Macg. (Ord.), Sh.$19%1⁄2 n.' July Cald: Macg. (Pref), Sh. 141⁄2 n. September Canton Ice $1.80, n.

Cements $7, n., Converted.

H.K. Ropes $2 n.

Stores, etc.

Dairy Farms $15. Watson $8. n. Lane, Crawfords $81⁄2 n. Mackintoshs, $15 n. Sinceres $8 n..

Wm. Powells, 70 ́cts. n. Wing On (H.K.) $100 n.

Miscellaneous,

R.K. Amuramenta $1.85 's.. Entertainments $6.40′′n, 8. C. Enterprises" $1.35 n. Macao "Greyhounds" $2-n. Constructions (old): $1.40 m. Constructions (new), 45 ets. n. Vibro Piling $5 0.

Apr. 30. May 1. Closing Closing

Employment at the end of March was 1.6 per cent. greater than year ago-British Wireless Ser- vice.

Is It Insured? ?

Insurance All Ciansen LOWEST RATES

American Asiatic Underwriters

Fed, Inc., U.S.

General Agents

H.K. Once Aula Life

Building

TeL 20284

XX

RENT

FOOD

CLOTHING

HEAT

TAXES

WATER

CHITS

SAVINGS

SAVE SOMETHING

START NOW

UNDERWRITERS SAVINGS BANK

FOR THE FAR EAST,

INC.

Asia Life Building

Hour Konr

T»), 80288

New York Cotton:--| May July

11.77

11.75

11.81

11.78

October

11.36 11.32

December

11.43

11.40

Jan. (1986)

11.48

11:45

March

11.53

11:52

Spot.

12.20

12.15

New York Rubber:

11.68b

11.54

July

11.77b 11.70

September October

December January Chicago Wheat:- May

11.90. 11.80 11.97 11.87 12.02 12.13 12.20 12.07b

Head Office

17; The Bund Shengbal

98% 97%

991⁄4 98

99%- 98%

Chicago Corn:—

May

89%

89%

July

85%

84%

September

80%

78%

|Winnipeg. Whe

May

882 884

July

80%

89%

|New York Sugar:—

May

July Sept. Dec.

Jañ. (1980)

New York Silk:- May 27

1.32

| July |

1.32

1.88%

··1.81%

September

181

1.38

$77.00

74.10b

17.30

75.80

CORRESPON

78.00 75.85

WHITE:

& 00., NEW YORK,

79.90€ 76,75n-

No. 1 No.8 No. 1 No. 8)

Con Con. Con. Con. 2,38 2.87 2.89 2.88. 2,42" 2.40, 241 2,39 2.60 -2.46-2.49 2.45 2.58 2.84 2.50 2.51 2.46 2.87 2,48a 2,87

S. E. Levy & Co.

7, ICE HOUR STRERT

"INVESTMENT BANKER 4, BROKERS

NEW YORK COTTON KICHANGE

COMMODITY EXCHANGI, INC. N.T.

CHICAGO BOARD OF TRADE

CANADIAN COMMODITY EXCHANGE, INC.

Ch. Gort 5% 1925 – G(B4-Montreal Silver

May

H.K. Govt. 4% Loan, 64% prem. July!

September H.K. Govt. 82% Loan 2% prem. (December Sabbid Wallace Harpors 36 s.

-asked-n-nominal:**