1935-05-16 — Page 6

BANKS

SHONG KONG AND SHANGHAI

BANKING CORPORATION

THE CHARTERED BANK OF". INDIA, AUSTRALIA & CHINA.

Lacorporated by Royal Charter, 1858.

HEAD OFFICE: LONDON

Anthorised Capital

Jased and Fully Paid-up

$50,000,000 20,000,000

Beserve Funds:-

$10,000,000

Prod-up Capital

Reserve Fund

£$,000,000 -£3,000,000

20,000,000

Reserve Liability of Pro-

prietors

$3,000,000

́ ́Agemelts and Bruncher:

Silver

asietors

Sterling - £ 6,500,000.

Reserve Liability of Pro-

HEAD OFFICI; “HONGKONG. BOARD OF DIRECTORS."

·SH. Dodveli. Dng.

„Chairmen,

CCK X=q."

Donate Chairs.

DHon. Mrề V. H. Bell.

J. A Plummer, Esq.

Compton Esq.

T. Johnson, Esq. De Hon. Mr. J. J. Paterson,

G. Miskin Esq. T. E Pearce Esq.

JAWAYZA

CARTON

1700- COLOMBO DAXES

· POOCHOW STALPHONE STARTING KEKKOW

BONO LEW

IDEX KUTLOOK

T. AL. Gesybara, Dog- Calef Manager.

BRANCHES.-—

-

KUALA LUMPUR.

LONDON

LTONB

ALACCA

MANILA

KURDEN

NEW YORK

PEPING

PENAKO

BANGOON

AAN PRANCIBODAVA

KAIGOS

SHANGHAI

NEGATORY

1

SOCRABATA

BINGEY PATANI -

TIENTSIN.

TOKTO

TRINGTAO YOKOHAMA

Care Locate opened in Load Currency and Trust Deposite move for whe sale or abomer periods in Lost Compney and Shorting

whack wit se quoted” in suplicati

Hong Kong, 7th May, 1935.

HONG KONG SAVINGS BANK.

· The Bealanes ať she shore. Back is won

the HONG KONG AND SHANGHAI WAXING CORPORATION.

skilnað ma azpiantion.

· FOR THE HONG KONG AND LEANGEL BAKING TEPORATIO

V. M. GRAYBURN,

Chief Manna.

Hong Kong, 5th February, 1935.

บ

Meda

New York

fumumkan

Kingapore

Taiping

^ Theme

Tongkah

(Danisc)

Yoko Zamboanga

Hankow

Hour Img

Paliga hoshonga, sind Gamal Banking bustunne

"Corras), karenante, opened - and Find Deposi wentwad Surat paar de skartan parte de PA which will be contať vi application.

A. ERBAKLST.

Manager Hong Kong, lat. Janiszy, 1935.

SAFETY FIRST ↑

To Safeguard Your Valuadins and Jewelicies.

Deposit them in a Vann

that is reallys FIRE - PROOF BURGLAR-PROOF DAMP-PRO071;

OUR SAFE DEPOSIT VAULT

located on the Mezzanine Floor Our New building -i Spechany Coe- stracted to provide all of these Im- partant Qualities.

You may obtain a Safe Deposit Bar in this most up-to-data Vandi fer | YOUR`GWA UBe at xɛvery modávate Ban~}

Inspection Cordially Invited.

THE NATIONAL COMMERCIAL

& SAVINGS BANK, LTD.

Carser of Ice House-Street and Des Voeux Road Contral

THE BANK OF EAST ASIA, LTD. THE BANK OF CANTON, LTD.

Bothadard Capitai

Millan Cankar

Akira dal Cadívided Prodig·

$70,200.00L00

| 5,ME,BI0.00

HEAD OFFICE:—HONG KONG

22. Des Fanz Road. Gosarak

BOARD OF DEESTORS — Bir Shamton Chow, Chair EMAI

14 Kona Ghany Bear 1 Sa Iyok, Zas, Tong The Tang. Bag.. Chas Clug Shak. Ing. Là Lan Wong the bon, Ling, and Tan Dog

Lan Tong Po. Eaj. “Clint Manager. 1 Xse Yong. Fig. Managet.

BLANCHES AND AGENCIES:-..

سلاميا

Malhauna Nagold New York

Piping

Pinang Badgoon

Samacha

§. Herary Annoription at Bouling and

Chandanas transacted.

Loue grassed on

Boshanga approved,

Fatablished 1912

Head OffensHour Kong.

Authorised Capital Fald Capital Total Resources

THE CHINA MATA THERSIAZ, MAY 16, 1935-

Commerce and

Finance

LOCAL DOLLAR

ADVANCES

Silver Prices Improve

The local dollar has advanced a half-penny, opening on demand this morning at 2/544.

Spot silver advanced to 351⁄44, and forward advanced to 35-7/16.

The London on. New York cross- rate was quoted at SUS $4,873, as compared with -U.S.$1.8734.† while the New York от London cross-rate was quoted at £—US$4+ STR. as compared with S-U.S.84.-: 8758-

EXCHANGES

TO-DAY'S QUOTATION

On Singapore

On Japan-

LOCAL SHARES.

TO-DAY'S QUOTATIONS

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

Banks.

HK Bank $1000 sa

HK Bank (London) £124% Chartered Bank £14%, n. Mercantile Bank A.'& B. $373% 12 Mercantile Bank €. £1874 x Bank of East Asia $81 n.

5.

NEW YORK STOCK MARKET

Improving Statistics Of Rubber

P.

. & 0. DIRECTORS

Sir Philip Browne And Lord Bledisloe

Lord Bledisloe and Sir Philip

London. To-day

NEW ADVERTISEMENTS

R

CAUTIOUS BUYING, MAY BE Browne have been elected direc- PUBLIC WORKS DEPARTMENT

ADVISABLE -

Itors of the Peninsula and Orier)

tal Steam Navigation Co. Ltd. S. 15It is hereby notified In their market report Messrs and the British India Steam

that sealed benders in trip- Levy and Company. corr-Navigation Co. Ltd-Renter-

Ecate, which should be clearly pondents for Messus. While Weld Lord Bledisloe has been Gor-marked "Tender faz Kowloom. and Company, New York, state: ernor-General. and Commander-Quarry No. 15," will be received, at "Stocks: We still believe the in-Chief of New Zealand since the Colonial Secretary's Office until maintenance of buying power is a 1930. He has been a Member of Noon of MONDAY, the 27th May, wise course. - Business done: 1,050-Parliament and was Farliamen-1985 for the occupation for a 000 shares..

tary Secretary to the Ministry of period of two years commencing "Grains: Bearish crop news ap-Food for two years during the from the date of notification of ac- pears to be mostly discounted and War. He is an authority on agri- ceptance of tender of the piece or milling demand for what is incultural and educational ques-parcel of ground as shown coloured Axis 0. Finance Corp, Shi$75_1[proving. Total sales: Wheat:tions and has served on

many red on a plan signed by the Direc China O. Fin. Ord. Sh $1.50 n. [21,070,000 bushels Corn: 7.633,000 committees dealing with these tor of Public Works and dated 29th China O. Fin Pref. Sh. $4.

matters

April, 1933, and subject to the con- insurances.

Sir Philip Browne has been aditions which can be ascertained at "Cotton: Large sales of Govern- Canton Ins. $215 *.

ment cotton for export are report-partner in Gray Dawes and Co the office of the Director of Publie

London since 1933 Union Ins. $355 sa..

ed Wet weather conditions have with Mackinnon Mackenzie and Upset annual fee $1,000.

He served Works.

·China. Underwriters -$1 1. caused extensive re-planting and Co in India from 1901 to 1933, China Fire Ins. $400 a. HK. Fire Ins. $200 m. International "Asse. Sh.$4 n.

Shipping

Douglases $39

HK Steamboats $4. Indo-Chinas (Pre£), $80 n. Indo-Chinas (Def), $33 n.. Shell (Bearer) 60n. Union Waterboats $114 sa.

Mining

Antamoks 68 cts. n.

Balatoes $34

Baguio Gold 21 cts. n. Benguet Consolidated $11 n. Benguet Exploration 10 cts n. Benguet Goldseid 10 eta, n Big Wedge & cts. z. Gold Creek 30 cts. a.

On London-

On T.T. and demand

2/54

4 months' sight

2/5%

Credits 4 months' sight 2/634

On Shanghai—

On demand

12

On demand

10424

On demand

207

On India

On T.T. and demand

1613

On New York-

On demand

59

Credits 60 days" sight

On Batavia

On demand

8736

On Paris

On demand

900

Credits 4 months' sight

950

On Saigon

On demand

2932

Salacots 12 cts. n. Kailan, Mining Ad. 17/9 n. Langkats (Single). Sh.$14 m. Shai Exploration Sh.441⁄2

On Manila

S'hai. Loans Sh.$5

On demand

11834

Raubs Si s

On "Bangkok

On demand Seveigns bank buying rate

763

Venz: Goldfield $5 n.

Docks, etc.

2'6

3534

$11,000,000 8.555,000 32.170.492 Branches: Canton, Tolben. Shanghai,

Ba- siver per oz. Bankow, Bangkok & San Francisco, London Banker: Linyds Bank, Ltd, Bar Silver In Hong Kong..Nom

Foreign Exchange and Banking business of every discription trees Copper Cash ected

Copper Cents Current Accounts opened and Fixed Rate of Native Interest Deposits received for one your ar Chinese Sub Coin shorter periods sa ratas which will be Hong Kong Sub Coin quoted on application.

Safe Deposit. Boxes (various sizes) for hire.

LOOK POONG SHAN.

Chief Manager,

THE

C AMERICAN EXPRESS COMPANY,

Camerooni opased in Loui

2 Depaste retired Sur co Zabaran periode in Local and Formga Carrenaise

20Bolu Duocais. Doces To Las

.par. .35% pa 7 dis ...paz.

NEW YORK STOCK EXCHANGE

Reuter Quotations

May 16. The following quotations were re- ceived by Retter:-

10.00 - 21.00

close.

NY/London 4874 4867

4.97

12.41

INC.

KAN TONG-PO.

Cala! Macugur.

•

Head Oficer-65, Broadway, New York

Capital Sürplus Bessever

• 1.8.$5,000,000.00 2,087,112.69

NY Cotton July 1189 11.89

Oct

1LSS

11.78.

11.77

1279

NY Rubber July 12:28

-12.44

1,995,528.11

Sept

12.41

12.56

-12.50

81 $7%

Amer Smelting

437

[ Con Gas: N.T.

2334

Prints:

Du Pont

99%

Elec Bond & Sh. 7

General Motors

3244

THE CHINA & SOUTH SEA BANK. LIMITED

Incorporated in China) -

Reverte

Branches

Head Unce ...Shanghai Capital

Achens

$7,500,000.00

$1,500,000.00

Ai Important Cities

KeList Berdo Baby

fu Claiya.

General

Branc Catra

Cannes.

Foreign Exchange and

Barking Business transacted.

- Comment and Saving Accounts opened;

Fixed Deposits received, for one

gear or shorter periods at rater which

Ml be quoted on application.

900 ZA CHANG,

Manager.

HONG KONG BRANCH- 24. Des Voeux Road, Central:

...Tel: 38685.

Manager's Office

Foreign Exchange Dept.

General Ofice

- 33567

Cashier's Office

2569

Colo Copenhagen Zrobiin 7-dishug's Ficovscy Grava

BRANCHES.

Gluten

The Higua Berse Hamburg Bevan Hallibur

Mam

C. Wheat July 91% C. Com July 80% W. Wheat July 87% STOCKS:

London

Liverpack

L

Logo

Monte Carlo Machla

Zarios

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

All classes of Commercial Banking Fransactions "undertaken.

THE YOKOHAMA SPECIE BANK Personal investment accounta

LIMITED.

Established 1889

Capital (fully paid-up) Yen.200,000,000 Reserve Fund

bandied

The Company offers to intending! Travellers the use of the Ezivalaze | Cheques" and Letters of Credit and, la addition, the world-wide services. Ten125,800,000 bits thorunghly einzipped Travel De-

partment.

Head Office:-YOKOHAMA

Branches and Agencies at:

Kong

Nagasak Nazuya

New York

Paris

Peiping

Rio de Janeiro San Francisco Seattle

Shanghai

E. W. DUGGAN,

THE WING ON BANK

LIMITED

Head Office: Hongkong. #26, Des Voeux Road Central. Authorised Capital $10,000,000 LONDON BANKERS: Westrainster Band; Ltd. Foreign Exchange and every descrip tion of banking businesses transacted. Current “Accounta and Servinga Accomats

opened. Fixed Depo received at rates which will be quoted on application Special rates given

Mizusteeship and

allowed- of Current Ad-Special deposits, poden

zeceived for Exed park

to be obtained on suplication.

Int Tel & Tel 75 Loew's Inc

39

Montgomery W. 2634

Nat Distillers X.Y. Central

4012

26 24 16% 16% Standard Oil NJ. 4 US. Steel.

33

LONDON EXCHANGES

16%

4.88

28.84

15.09

Paris

New York

London; Yesterday. 74.3/64 48834

Montreal

Brussels Geneva Amsterdam Milan

7.2014

Berlin

Prague

Madrid

Bucharest

59 3/16 .... 12.12 *117 35 23/32 408

Hong Kong

2/4 11/16

Other rates unchanged

Silver spot

Forward

35% 35 7/16 106/2 -British Wireless Service..

Warloan 340:

THE SHANGHAL COMMERCIAL ~& SAVINGS BANK LIMITED

Uncorporated in China)

„Capital paid-

Reserves Capital Bavizer w De Reserve Exvings Dep

A-Bánk havÍDE SE ŽE Industrial developzoent and the fostering at. "Dalzelations;alroad)

Itaken: Safe Deposit Boxes for Fine"

PHILIP GOCKCHIN Chief Manager luk

LISEU FONG! Prone ZICKI-S

MY MATERIAL COCKCEIN

Asst: ManagSE

2,000;

$500,000.

Gold River T-cts D Ipo Mining 85 cts. 1. Itogans 30 cts. n.

HK and K Wharves $85

Cam. rts.

E-K and K. Wharves ex right

$84°*n

HK and K Wharves right $9 - HK and W. Docks $936 n.

Providents (old) 95 cts. De Providents (new)"20 cts. Z. Hongkey Sh. $2871⁄2.n. New Engineering Sh.FS D. S'hai Docks Sh. $110 m.

Cotton Milla. /

Ewo Cottons Sh. $9.30 n Shanghai Cotton (old) Sh.$88 a. S'haf Cottons (new) $42 n21. Zoong Sings Sh. $81⁄2 m Wing On Textiles. Sh. $55° 2.

Lands, Hotels, etc. HK and S. Hotels $4.05 b. FK. Lands $35- HK. Lands 4% Debentures 100%

I

Shanghai, Lands Sh.$20% n- Metropolitan Lands Sh. $10 m. Humphreys $93% D H.K. Realties $44. Asía Realties “A”, Sh. Syð ́1. Asia Realties "B" Sh. $10 n Chinese Estates-$90 ́n. China Realties Sh: $7 m

·China -Debentures--Sh.$12S 1.

Public Utilities

HK. Tramways $13 m.

Peak Trams (old) $8 Peak Trams (new), $6 n. Star Ferries $80

Yamnati Ferries $20 m C. Light $835 b.. $845 s. FK. Electrics: $60/603⁄41⁄4 sa. Macao Electrics $23%-n Sandakan Light $6- Telephone (old) $19 b. $19% Telephone. (new) $9.n China Buses Sh. $1134 n. Singapore Traction. 10/8 n. Singapore Pref. 20/6 n..

Industriais Malabon Sugar $82 D Cald: Macg. (Ord.), Sh$19% a Cald: Marg. (Pre£), Sh$13 m Canton Ices $1.80 1-- Cements 36% s. Converted. "HK. Ropes $ 1.

Stores, etc.

Daily Farms $14 ¤.. Watson $3%

Lane, Crawfords $32 Mackintosh 59 1. Sinceres $8 L Win Powell, 70 cts. n. Wing On (HK) $100 a. Miscellaneous;|-

·EK Azmisements $1.85 D. Entertainments $6.40 .. S. C. Enterprises $1.35 n Macao "Greyhounds" $2 n Constructions (old) $140 n: Constructions (new) Vibro Fling $5 n. Ch: Govt 5% 1925 G$Bds.

bushels.

Each tender must be accom- there is increasing boll-weevil

and was President of the Asso-panied by a receipt to the effect activity in the Eastern Belt. Mr-ciated Chambers of India during that the tenderer has deposited in Oscar Johnson is reported to be 1931-32 laiming to put October over Jaly.

which would expedite the transfer

ring of July cotton

(Continued on Page 11).

EGYPTIAN MISSION LEAVES LONDON

TRADE OUTLOOK BRIGHTENED

INDUSTRIAL CENTRES VISITED

London, To-day.

BRITISH TRADER'S

the Colonial Treasury a sum of $250 as a pledge of the bona fides of his offer, which sum shall be forfeited to the Crown, in the event

INSURANCE CO. LTD. of the tenderer, whose tender is ac

Dividend Of Nine Shillings Per Share

cepted, refusing to carry out the terms and conditions of his tender. On the acceptance · of a tender |the deposits of unsuccessful ten-

derers will be returned to them.

Form of tender and further The amount at the credit of the particulars can

be obtained from. Profit and Loss account of the Bri- the office of the Director of Public tish Traders Insurance Co. Ltd. Works after providing for the dividend

→

The Government does not bind and contributory bonus, and after insel to accept the highest or any making special provision for writ-tender ing down property values by £25,- 000, is £131,412 48. 3d. →

Of the total £14,555 2s. 8d. was Marine Insurance

The Egyptian Mission of Econo mic Enquiry which aired in derived from this country on April 4, will leave .058 14s. 5d. from Fire Insurance London to-day on their retum to 2nd 12.352 0s. 8d. from Accident Egypt. They came at the invita-General Insurance. A dividend of tion of the United Kingdon nime shillings per share has been Government, whose guests they recommended by the Directors. were during the first 10 days` of their visit.

discussions

In addition to the which they have had with the

President of the Board of Trade,

Mr. Walter Paeimani and Co- Jonel D. J. Colville on the subject of the trade relations between

The 69th. ordinary yearly meet- ing will be held at the Company's Head Office on May. 24 at 11:25 am

CHINA FIRE INS. CO., LTD.

R. M. HENDERSON, Director of Public Works.

Hong Kong, 10th May, 1935.

G

R

PUBLIC AUCTION

JARTICULARS & CONDITIONS the sale by Public Auction to be held o= MONDAY, the 20th day of May, 1935, at 3 p.m. at the Offices of the Public Works De- partment, by Order of His Excellency the Governor, of one Lot of Crown'

Egypt and the United Kingdom. $12 Per Share And S6 Land at Tai Kok Tsui in the Co-

Berius

the

the Mission have met leading re-

lony of Hong Kong for a term of presentatives of commerce, indus-

|75 years, with the option of renewal try, and finance. They have paid

at a Crown Bent to be fixed by the After providing for the dividend Surveyor of His Majesty the King, visits to Manchester and Cardiff and contributory bonus for and other industrial centres, and year 1934 and after making special have had discussions on matters provision for the writing down of of mutual interest with represen-property values of $200,000 the tatives of the coal, cotton, moter

amount at the credit of the Profit and other industries.

and Loss Account of the China Firz

eve

COL COLVILLE'S HOPES

1725:

In an exchange of letters on the Insurance Co., Ltd; in $786,050 29

of the

Of the total $86,956.63 Mission's departure

derived from Marine Insurance,;i: Colonel Colville wrote: "In view of the importance of the United King-t dom market to Egypt and of the general desirability of increasing

The Directors have recommended the flow of trade between the two countries, I trust the suggestions that a dividend of $12 per share

have made

receive and a bonus of .36 per share, be sympathetic consideration by your paid. Government.”

$47.172.88 from Fire Insurance andi |$13,768.00 from Accident and Gen- Jeral Insurance.

we

will

(Continued on Page 7)

BRITISH OVERSEAS TRADE INCREASE

were,

The 66th ordinary annual meet-i ing will be held at the Company's Head office on May 24 at 11:20 am

ARTIFICIAL SILK RESTRICTIONS

Provincial Move Against Dumping

(Continued from Page 1).. The total value of imports for last month was £59,844,000; for the previous month, - £60,509,000; and

Canton, To-day- for April 1924, £56,326,000. Ez- sa ports last month totaled £33,010,000; artificial silk in this province is Aware that the dumping of the previous month. £35,952,000 one of the reasons for the depres- and April 1934, £30,100,000. Ision in the raw silk business in

Bé-exports

in Apr Shur-tek and Panyu, the Pro- 44,203,000; March, £4,472,000; and vincial authorities have decided April 1934, £5,019,000. During the to restrict the sale of artificial four months of the current year silk in order to relieve the econo- imports amounted to £237,712,000, mic condition in the two counties. as compared with £239,871,000 last The intention is to order that year; exports, to £138,498,000, as any silk weaving factory wish- compared with £124,813,000 lasting to purchase artificial silk. year; and re-exports, to £18,083,000, shall be obliged to get a permit as compared with $19,923,000 last from the Government......." year-Eritish Wireless Service.

HK Govt 4% Loan, 6% premi

H.K. Govt 32% Loan 2% premi

b

Wallace Harpers $5 s

RAW RUBBER PRICES

Latest Quotations From Singapore

Messrs. ELE. Joseph and Co. have. received the following Strafts Cur- rency quotations from Singapore for Raw Rubber A

Spot 19% unchanged b., 20 July-September 21 unchanged b., 214 2

-Oct-December 22 unchanged b.,

Jan-March 23 unchanged

Market Stea

It is said that the Government (will undertake the control of the artificial silk business in future,

necessary. — Central Press

Is It Insured?

“Insurance ---- All Classes LOWEST RATES Americas Asiatic Underwriters Fed Inc. USA. General Agents

Head Ofice

The Bund

Shanghai

for one further term of 75 years.

PARTICULARS OF THE LOT.

thumbs

Locallly,

Kowloon Inland

Tal Ho T

gone

Boundary

short

Everything

BUT YOUR

SAVINGS

RENT

FOOD

CLOTHING

HEAT

TAXES

WATER

CHITS

SAVINGS

SAVE SOMETHING

START NOW UNDERWRITERS SAVINGS BANK

FOR THE FAR EAST

INCOME

Asia Life Bulking Bong Kong

Tel: 30254