1935-06-18 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised Capital

$30.000.000.

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

Ised and Fully Paid-up 20,000,000 Incorporated by Royal Charter, 1855.

Reserve Funds:

Sterlin Silver

Reserve Liability of Pro-

prietors

HEAD OFFICE: LONDON

£ €300,000

$10,000,000

Paid-up Capital-

* 20,000,000

Reserve Fund

prietors

Abor Mar

TEAD OFFICE HONG KONG,

ARD OF DIRECTORS,

1. Thakuridi King

2. Kuight, Exy.

•Prju?? C'icsETORNEY.

V. 30, Mastura, timin

The Hann.

WH. Bell, Esq. K. S. Morrison Esq,

A. H. Compton Esq

£3,000,000 $3,000,000

#5,000,000

Reserve Liability of Pro-

Agencies and Branches:

ر امید

Limativni

Karachi

Klarte

Lunspout

S

Peter Belau

Thankkima

batan wa

Parzeln Sak

Ilya Ish

350 & 4 KING

[.Po vas has 5

[Caburta

Jinta

Dimens

Stadt

Mana

Strula

New York

• Kumar)

Perpisa

Hashta

Li

-u

Imiku

M. T. Johnson, Esq. Co Hon Mr. J Paterson,

7. E Pearce, Esq~lung

BRANCHES

G. Miskin, Esq-

BANGKOK BATANJA

JARAY

CURTA

CANTON

CRE

DATREN

RALPHONE

HATA

ANKOW

בירא

IMMKET

PLO

JONE

MHORE KORE

LONDON LYONS

MALACCA

MAMLA

MUAK Jew's

MADEN

NEW YORK

TEIFING

TENANG RAMICON

-4043

SAN FRANCISCYY

KUALA LUMPUR -

STANERAI

SINGANIRD

SURABAYA

SUNGEJ PATASI " TIENTSIS

TOKO

NIKGTAA

WKOHAMA

Free As seed in Ima: Currey out Fame gumita zverivaź the. you men te wister prende in Toral Company and Stering

zemin baris will he gumeni in application. Hong Kong, 6th April," 1935:

HONG KONG SAVINGS BANK

The Drite show. Bank in courers.

veď by the HOM KUN AND SLANG HAI BANKING CORPORATION.

ફરી આ કોparent;

YOR THE NING KONG AND SHANGILLA KANKING, CORIN+BAXIN.

VM GRAYBURN,

Chari Manajste

Bow hung with "February, 19

THE BANK OF EAST ASIA, LTD.

BLADEMICE:- THONG KONG

12 The Firms Final Contrai.

OARD OF MEECTORS --

das FP. K.

Chartmatu

Yang. Eng., Chin Chung Mark T. La Lan

Peug

Thitine

Tukita

This

festing ener

Zuri

Foreign Exchange sad Giecioral Bankštę hominem Parent Accounts speed and Fixed Depover ase year or shorice periode as rutes red for (wheels will be quoted on appimatta.

A BREARLEY,

Manager. Hong Kong, 1st January 1935.

THE BANK OF CANTON, LTD.

Established 1912.

Head Office:-Hong Kong.

Authorised Capital

Paid-up Capital

Total Resources

THE CHINA MAIL, TUESDAY, JUNE 18, 1935

Commerce and

Finance

LOCAL DOLLAR UNCHANGED Silver Prices Fall

The local dollar is steady, open- ing on demand this morning" atj 2/4

Silver prices dropped spot being quoted at 325, and forward at 32%.

.The London on New York cross- rate was quoted at 5-U.S31994 as compared with US$194 while the New York on London

at £ was quoted | cross-rate

US$493, as compared with US$4.94.

EXCHANGES

•

TO-DAY'S QUOTATION

$11,000,000 8,655,006 32170,492 On Shanghai-

On demand On Singapore

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

Foreign Exchange and Banking business of every description trans- acted

-Current Accounts opened and Fized Deposits received for one year or shorter periods at rates which will be quoted on application.

Safe Deposit Boxes (various sizes) for hire

LOOK POONG SHAN,

Chief Manager

SAFETY FIRST!

To Safeguard Your Valumbles and Jewelleries.

Deposit them in a Vazhi

that is really: FIRE-PROOF BURGLAR - PROOF DAMP-PROOF!

OUR SAFE DEPOSIT VAULT

Male, Fe Ray Chou her, L. Kau located on the Mezzanine Floor

Hajh

Ka Raja Chal Manager.

Ti I Joma limpo, Markiser.

BRANCHES ANIS AGENCUES; -

Mid

thuthil

J'atte *,4;

J

1km

امل با الدحية

#

www.youtu

་----་

od Banking nowed

Exe

Per dew-mplesm Kantaremated. Uum granted an epitomed

Our New building is Specially Con- structed to provide all of these Im- portant Qualities.

may

On demand

On Japan---. On demand

On India...

On London-

On T.T. and demand

2/4

4 months' sight

2/4

Credits 4 months sight.. 2/534

140

99*4

1984

Oz T.T. and demand On New York-

1544

On demand

51

Credits 60 days" sight

On Batavia-

On demand

On Paris-

On demand

Credits 4 months' sight

On demand

Ca Manila

On demand

On Saigon

On Bangkok-

NEW YORK STOCK

MARKET

Caution In Trading Still Advised

INVESTMENT HOLDINGS SHOULD BE KEPT

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

"Stocks: We still advise caution

Busi turb investment holdings.

trading, but we would not dis-

ness done: 910,000 shares.

"Grams: Excessive rains in many important sections of the Grain Belt have induced consider-) able covering by short interests. Offerings were on the light side. Total sales: 15,669,000 bushels; Corn: 3,402,000-bushels,

~(Continued on Page 7).

BERLIN STOCK MARKET Appreciable Change Reported

*CHINA MAIL" SPECIAL

Berlin, To-day.

market

share

Yesterday's 59% showed an appreciable change, business remaining quiet, though 84% some demand for stocks resulted prices strengthening $70 slightly. Business in fixed inter 917 est securities was also confined

in the

to small transactions, the prices 864 remaining practically unchanged. Call money was at 31% to 3%- 115 Trans-Ocean Service.

Of demand

Sovereigns bank buying rate

794 2/5%%

Bar silver per oz.

Bar silver in Hong Kong Copper cash

32%

E.ON

Copper cents

BERLIN QUOTATIONS

Berlin. To-day. Reichszark quotations (without guarantee) 10:1 are: New York, 4026; Paris, par-610.45; Amsterdam, 59.45; and The Paris sterl 30% dis

ing quotation is 74.72, and the pardellar.

15-1575. Trans-Ocean

3 Pa London. 1223 obtain a Safe Deposit

You Box in this most up-to-date Vault for your own use at a very moderate Bea

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

THE

Jumped in Leral Curiones AMERICAN EXPRESS COMPANY,

and diari Pegenau vermeid say wow

wise 30 ang garganta 250 Lestand we Famiya CommMD; ALS ARTATION will de grangid in, wispelication, g

· Drums tienes ele

KAN TOMi no

INC.

Head Offer:65, Broadway, New York

-....U.S.$6,000,000.00

„Che! Manger,

Capital Sarples Reserves

Gra

Antwerp

Ashw

THE CHINA & SOUTH SEA BANK, LIMITED

(Incorporated in China)

Head Office.Shanghai

Capital.... $7,500,000.00

·Beserve

$1,500,000.00

Branches...All Important Cities

in China

Exclung and General

F BUNIT ST.

Current and Saving Accounts sported ani Fred: Dayanın evind some near your vie Maimane perinda

Bain Berlin

·Baby-

BRANCHES:-

Glangaw The Hague Hav Hamburg Haere. Badeferg inserinken Jerusalem: Loadou Ілечечерний

1 Luga

Stūma

-..

هم الدينية

Pic

Paris

Peiping

Palermo

Rate of native interest Chinese sub, coin Hong Kong sub, coin

NEW YORK STOCK EXCHANGE

Latest Quotations

June 18,

The following quotations were re- ceived by Renter

C. Corn July 75%

July

(Service-

CAMPHOR IMPORTS

INTO CANADA

Big Purchaser From: China

Ottawa. Because its cold winter climate causes Canadian men and women to wear furs. Canada is a big pur-: chaser of moth balls, used to pro- tect winter clothes from the ra- vages of moths in the

2,183,633.06 $70.731.05

July

Last close 10.20 11.00 NY/London £94

4.92% 492% N.Y. Cotton

July

11.66 11.62 11.65 11.35 *11:39 Oce

11.34 N.Y. Eubber

1219 1280 12.82

Sept

12.97 12.98 13.01

C. Wheat

July

78%

73

time

78

W. Wheat

$12

814

STOCKS:

Amer Smelting 43-

413

42

Con Gas N.Y." 23%

24

24

Elec Bond &

****

TH

21%

3 4147

26% 18% 173

491 23% 22K

• Rotem

SusaUampton Singapore

K

Banking

Cwing Calcutta Cutte

Coprobaza

Elinborgh Florence Gesta

Tintain

Janor

Majlis

Mouse Carin

Manila

Tar Vicans Venice, Xcha Zurich

až záton which will be quited on application,

SOU Z CHANG, - -

Manager,

.HONG KONG BRANCH:

Off

2. Dry Focus Bond. Central Ter Forrige Exclñisge Dept.

General Office

Cashier's Ofer

39306

THE YOKOHAMA SPECIE BANK

LIMITED.

Established 1880

Capital (full-aid-up) Yen 100,000,000 Reserve Fund - Yen. 125,800,000

Head Office:-YOKOHAMA

Branchez and Agencies at:

Alexandria Batavia:

Berlin

Bombay

Calcutta Canton

Nagasaki Nagoya

New York

Osaka

Paris Peiping

Dairen (Dalny) Rangoon Fengtien (Mukden) Rio de Janeiro

Hamburg

Hankow

·Harbin

Hong Kong

Honolulu

Hsinking

Karachi

Kobe

London

Los Angeles,

MAD

San Francisco

Seattle

Semarang

Shanghai

Singapore Sourabaya

Moj

Interest allowed for, counts

Deposits received

at rater to be obtai

Manich Montreux

of

Share General Motors 32% 22%

Tot Tel & Tel 8

Loew's Inc

42

Montgomery

Ward

2744 · 27 18% Branches American Express N.Y. Central Company in Principal cities of United Standard Oil

49 States of America and Canada.

24 US. Steel All classes of Commercial Banking

THE Transactions undertaken

Personal handled.

investment

accounts

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

E. W. DUGGAN,“

Manager.

THE WING ON BANK

LIMITED.

Head Ofees Hong Kong 26, Des Voeux, Road Central. Authorised Capital: $10,000,000

LONDON BANKERS: Westminster" "Band, Ltd. Foreign Exchange and every des- cription

of banking business transact-

Current Accounts, azad Savings Ac Crints opened. Fixed Deposits re ceived at rates which will be quoted on application Special zaten given for Special deposits

Trusteeship and Executorship un- Safe Deposit Boxes for

GOCKCHIN

ONG

NJ

49%

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED

(Incorporated in China)

Capital paid up .......... $5,000,000,

$7,300,000

Reserves Capital Savings Dept. $500,000. Reserve Savings. Dept. $600,000: Head Office-Shanglizi A Bark having · as its the industrial

mission

of her commercial reistions abroad. Hong Kong Office

China and the fallbane

+7, Ice House St. Phone 21481-2-3

Is It Insured?

LOT

American

General Agents

EK Office Asin Life Bulding

summer

Most of the camphor used in balls the manufacture of moth comes from China and Japan and this commodity forms a con- siderable portion of the trade be tween Canada and those tries. On 271 average Canada imports from 60 to 70 thousand pounds of camphor each year Reuter.

coun.

EXPORT BANS

ON SILVER

Government Order In Kiangsi

Nanchang

LOCAL SHARES

TO-DAY'S QUOTATIONS

TOURIST TRAFFIC INCREASE

NEW ADVERTISEMENTS

The following is the list of local German Shipping Firm share quotations issued to-day~~-

In order to preserve sufficient} [cash for circulation in the-pro- vince, the Kiangai Provincial Government has issued an order banning the export of silver.

The order states that silver an be freely circulated among the various cities in the interior, but is not permitted to be trans- ported to the river ports such as Kiukiang and Kanchow Chekiai Agency..........

Huom Follows Suit Another --- message - from Changsha said that the Human Provincial Government bad issued a proclamation last Sun day providing that begiming from last Tuesday people leav ing the province for other parts of the country are permitted to carry with them a maximum sum of $50.00 in silver, and any amount exceeding that sum will

iscated unless a speciali

previously applied for from the Frogin" Chekist

Banks

HK Bank $1,010 b H.K. Bank (London) £12134 1. Chartered Bank £14 D Mercantile Bank A. & B. SIK

Th

Mercantile Bank G 13 D Bank of East Asia $87"n" Ain. 0. Finance Corp. - China O. Fin Ord. Sh China 0. Fin. Pref. Sh

Insurances

Canton Ins. $20$ a. Union Ins. $3473% 1. China Underwriters 60 cts. In China Fire Ins. $382 n FA Fire Ins. $200 a. International Assce. $4

2

Shipping

* Douglases $36 n.

HK Steamboats. Si'n. Indo-Chinas (Pref.), $30 n. Indo-Chinas. (Def-), 339 n. Shell (Bearer) $71304 n. Union Waterboats $11 D.

Mining

3

Antamois 71 cfl. n.. Malatocs $34 a. Baguio Gold 21 cts. .. Benguet Consolidated $10 "b. Benguet Exploration 10 ets. II. Benguet Goldfield $10 Big Wedge 8 cts. Gold Creek 30 cts. 1. Gold River 3 cts. t. Ipo Mining 90 cts. n. Itogons 31 cts n Salacots 12 cts. D

Kailan Mining Ad 15/- 1 Langkats (Single) Sh $14 S'hai Exploration Sh. $414 n Shai Loans Sh. $51⁄4 1. Raubs $5.15 1. Venz: Goldfield $5 1.

of

Answers Call

LUXURY LINER BACK ON REGULAR SERVICE

CHINA MAIL" SPECIAL

Bremen, To-day.

NOTICE

HONG KONG AND KOWLOON

-WATER SUPPLY ·· TT IS HEREBY NOTIFIED that

In view of the tremendous rise commencing ön TUESDAY, the tourist traffic between 18th June the Hours of Supply to America and Europe, which is all Districts on the Island will be taxing the big liners to capacity

611 a

and 49 pm. and holding promise for the best A constant supply to all dis season since 1929, the North Gertricts on

the mainland wil man Lloyd have decided to put the given commencing on Tuesday 34.000-ton liner Columbus, which 19th June.

for the past year has been almost exclusively employed for luxury cruises, back into the regular Bremen-New York service..

(Continued

on Page *)

WALLACE HARPER MEETING Exchange's Bad Effect On Profits

be

R. M. HENDERSON,

Water Authority: Public Works Department. Hong Kong. 17th June, 1935.

N

NOTICE

LANE, CRAWFORD, LTD.

TOTICE IS HEREBY GIVEN

the that

THIRTEENTE ORDINARY YEARLY MEETING OF SHAREHOLDERS will be held in the Lounge adjoining the Com-

BRIGHTER OUTLOOK IN 1935 pany's Restaurant, 1st Floor, Ex- change Building, Hong Kong, on ex-SATURDAY, 29th June, 1935, at

The

Fluctuations in the

change had a serious effect on the 11 o'clock a.m.

profits. of Wallace Harper & Co. The TRANSFER BOOKS of the Ltd, declared the Chairman, Mr. Company will be CLOSED from Wallace Harper, at the Annual 21st June to 29th June 1935, both Meeting held on Friday last at the days inclusive. Company's registered offices.

not The year, however, had been without its bright side, the Chairman continued, for daring the period under review it had been found possible to re-open a branch office in Canton and also! to build more spacious and too- dern, premises in a better suited HK and K Wharves $75 s.and more convenient locality.

Ch. 715.

Docks, etc.

•

The outlook for the automobile HK and K Wharves ex right trade in China was satisfactory, and this could well be judged by

s.

H. K. and K. Wharves right $1 the rapid strides that are being! made in road construction in the Sinterior.

S

H.K. and W. Docks $9% 11 Providents (old) 85 cts, ne Providents (new) 20 cts. I. Hong Kew Sh. $240 n. New Engineering Sh. $4 n. S'hai Docks Sh. $90 n.

Cotton Mills Ewo Cottons Sh. $8 m. Shanghai Cotton (old) Sh

$661⁄2

Shanghai Cotton (new) $41)

众

Zoong Sings. Sh. $84 D

Do

Wing On Textiles, Sh. $55 a.“

Lands, Hotels, etc. HK, and S. Hotels $4.35 s. H.K. Lands $33. HE. Lands 4% Debentures

10032 b Shanghai Lands Shi $20 Metropolitan Lands St. $10 Humphreys $8. HK Realties $4 n. Asia Realties "A", Sh. Asia Realties “B”, Sh. Chinese Estates $90 n. China Realties Sh. $4 n China Debentures $123 A-

Public Utilities HK. Tramways $12.85 b., $13 sa. Peak Trams (old) $7 n. Peak Trazas (new) $5% n Star Ferries. $77 n. Yaumati Ferries $17. C. Lights-$8.90 b., $9 s., $8.90 s2 H.K. Electrics $57 h. and sa. Macão Electrics $2311⁄2 1- Sandakan Light 311⁄2 s Telephones (old) $20 b. Telephones (new) 383⁄4 n' China Buses Sh. $111⁄2 1. Singapore Traction 10/6 b- Singapore Pref. 22/6 b.-

Industrials Malabon Sugar $81⁄2 n Cald: Macg. (Ord), Sh. $19

D

Cald: Macg. (Pref), Sh $13

Canton ices. $180 Cements $5 n. Converted. HK. Bopes $2; z- Stores, etc. Dairy Farms $15. Watson $31⁄4 në lot Lane, Crawfords 321⁄2 Mackintosh $9 ¤. Sinceres $8 a Wm Powells, 70 cts. Wing On (HK)) $100 x-

Miscellaneous

H. K Amusements $135 2. Entertainmenta: 36 s. 199

S. C Enterprises: $1.35 1. Macan "Greyhounds" $2 Constructions (old) $140 ZS Constructions (new) 45 cts. ni Vibro Filing - Sema Ch. Govt - 5% 1925 _ G£Bds.--

Wallace Harpers $5

5%%%

POSTAL REPORT FOR 1934

13,509,183 Stamps Sold

POSTMASTER GENERAL'S

STATISTICS

By Order of the Board of Directors.

A. W. BROWN, Manager & Secretary.

Hong Kong, 18th June, 1935.

LUXURY TRADE OF COLONY Figures For 1934

MORE TOBACCO SMOKED

LESS LIQUOR DRUNK

According to the Report of the Colonial Treasurer for 1934 the public last year paid $30,544 in excess of the estimated revenue of $675,000 for import daty-on Motor Spirit.

the while

estimate of $15,000 for licences for motor vehicles was exceeded by $13,333.

Increased consumption of cigars, cigarettes and tobacco was respon- sible for an

revenue of $153,534 over the estimate., of

excess

A total of 13,509,183 postage $2,300,000. stamps were bought by the Hong On the other hand less alcoholic Kong public during 1934, accord-liquor was consumed. The actual ing to statistics issued in the revenue from liquor duties fell Annual Report of the Postmaster $89,828 short of the estimated re-

The venue of $1,000,000. General, Mr. M..J. Breen. total revenue from this source crease was reflected in the lower was $1,142,099.

revenue for liquor licences, a de- Five cent stamps proved the crease attributed by the Colonial Įmost popular 4.888.080 being Treasurer to the trade depression.

sold. Next in popularity were!

the two cent stamps, used for local postage for unsealed velopes, of which over 2,000,000 || were sold.

cent

A total of 1,634,400 ten stamps, used for postage on let- ters within the British Empire, were purchased.

(Continued on Page 7)

U.S. SUBSIDY ON WHEAT EXPORTS Expected Surplus Of 25,000,000 Bushels

Washington, To-day. The Agricultural Adjustment Administration is considering subsidising the exports of ap- proximately 25,000,000 bushels of surpins soft white wheat from the Pacific North-West, with the idea that such action would take care of the antici- pated small wheat surplus.

In this connection consider fable pressure has been exerted recently to revive the North- Pacific Emergency Export As sociation

Reuter

US. TRADE WITH PHILIPPINES

Cordage Imports Agreement

Washington Tod President Roosevelt has siga ed a bill firing the duty-free 2% | ports of Philippine com

0.000

pounds: annually.

This de-

. 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

Asile Hong

ailding