1935-07-04 — Page 6

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION

Authorised Capital

$50,000,000

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Issued and Fully Paid-up 20,000,000) Incorporated by Royal Charter, 1852.

Reserve Funds

Sterling £6500,000

**

Silver... $10,000,000 Reserve Liability of Pro-

prietors

HEAD OFFICE RỘNG SONG

DOARD OF DIRECTORS.

6. H. Dodwell, Eng.

Ci

C. C. Anight, Eng.

Deputy Chai

V. X. Greybura, Esq.

Chief Kuonge

HEAD OFFICE: LONDON

|Paid-up Capital

Agencies and Branches:

Kangoots Saigon Semagaling

20,000,000

Reserve Fund

SS:000,003 £3,000,000

Reserve Liability of Pro-

prietors

Alor Star

Moila

Amarinar

Ipoh

Banghak

Arachi

Belaras

Kang

Bentay Calceti

Job

Cavapore

-Lamper Krohing

Cabra

Madron

Combo

Manila

Sourabaya Taiping Ventim

Madan

New York

Palpine

(Pricing) Penny

W. H. Bell, Esq. S. Morrison Esq., Canton

A. H. Compton Esq.

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

Haiphon

G. Miskin, Esq. 1. E. Pearce, Esq. Hamburg

BRANCHES

HANGROK

LONDON LTONS

BATANIA

BOMBAY

CALCUTTA

CANTON CITENGO COLOMBO

FÓW

BAITHONG

BANKOD HARRIX

HONGKET ILOILO

3702

JOHORE

KORE

ΣΟΥΣΟΥΝ

MALACCA

MANIZA

MEAR (above)

MURDEN

· NEW YOR

PIPING

EXANG

BAVODOX

SAIGON

SAN FRANCISCO

KUALA LUMPUR

SHANGHAI

SINGAPORE,

SOCTABATA

STUNGTI. PAŽANT TIENINIX

TOXTO

TSSIO YOKOHAMA

Career Arpante opened to Local Currency and Fiz!mpanion received for one year or short pricka in Local Company and Sterling obam which will he quoted on upation.

Hong Kong. 6th April, 1935.

HONG KONG SAVINGS BANK

The Bowen of lim'sbore Bank is conduct ed by the MNG KONG AND SHANGHAI BANKING CORPORATION Kulee may be obtained on application.

1 12 ĐỪNG KONG AND SILI

· BANKING CORPORATION,

T. M. GRATETEN,

Chief Manager.

Hoog Keng Virowy, 15

THE BANK OF EAST ASIA, LTD.

Authorized Capital

Paid-up Cape).

Beers and added

„$ID_ONLODÒ,00

...$ 3,50,000.0165

- 248,009,00

HEAD OFFICE-ROSA ZONG

Den Vans Band ("-ne

BOARD OF DIRETORS ;-

Sir Shou-son Chow, ChorTRATS.

Hmajor

Harbin

Bong Kane

transacted

Seremban, Sherchai Singapore

12) Tainetas Tokoba Zamboanga

For Exchange and General Banting miness Current Accmanty opened and, Fired. Deposits received for one year or shorter periode, at rates | which will do quowed, on application,

A. BREARLET,

Manager. Hong Kong, 1st Jaunary, 1935.

THE BANK OF CANTON, LTD.

Established 1912.

Head Office: Hong Kong

Authorised Capital

Paid-up Capital

Total Resources

$12,000,000₫

8,655,004

32,170,492

THE CHIN

Commerce and

Finance

LOCAL DOLLAR STEADY

Forward Silver Down

The local dollar is steady, opening on demand this morning

Spot silver was also steady at 31, but forward declined 1/16 to 31-3/16,

The London on New York croBS- rate was quoted at $--US$4- 94 as compared with US, $4.9373, while the New York on! London cross-rate was quoted at

TS $4.54% 3s compared with £ US$4938-

"GOLD CLAUSE" IN AMERICA

GOVERNMENT SUED FOR DAMAGES

Washington, To-day- Seeking to show that he had

Branches: Canton, Toishan, Shanghai, suffered actual damages from the Hankow, Bangkok & San Francisco. devaluation of the gold content London Bankers: Lloyds Bank, Ltd.

acted.

re-

Foreign Exchange and Banking of the dollar, John Perry, who business of every description trans-brought one of the celebrated "Gold Clanse" cases, has filed a Current Accounts opened and Fixed it in the Court of Claims in an Deposits received for one year or, shorter periods at rates which will be effort to receive $21,912 on $16,-

931 worth of Liberty Bonds, quoted on application.

Safe Deposit Boxes (various sizes)

Perry's previous suit- waS for hire

jected by the Supreme Court on the grounds, firstly, that a smit could not be maintained against: the Government unless damage had been suffered; secondly, that the plaintiff had failed to prove damage; and thirdly, that the proper Court to decide the ques- tion of damage was the Court of Claims-Renter.

LOOK POONG SHÂN,

Chief Manager

SAFETY FIRST! To Safeguard Your Vahables and Jewelleries. Deposit them in a Vault

that is really

FIRE - PROOF BURGLAR-PROOF DAMP-PROOF!

OUR SAFE DEPOSIT VAULT Located on the Mezzanine Floor ofi

En Chun. Eq., P. X. Eng. Tone!

Tun Tont. Ex-Chan Ching she

So, Eng Wong Che son, and an Our New building is Specially Con-

20. Eaq.

Kan Zone To, Eng. im Manager.

Li Te Foo, Esqu. Kanepit.

BELACHES AND AGENCY at pam

Mamila

Melbourat

Estaria

Bombay

Sagunaki

Caleta Caeton Haiphong Hankow

New York

+1.214 Banga MONTEREYA

Parin

Sydney

Tichies

Tietz

Takto

Fonatala

hobe

Kowloon

Loudon

Pipen Proons

Bangun

T

Da Fracino

Versever

3. auntsert.

Every dewcription of Banking and boge bumisena, tratated, Lona ziuated be approved? +mauricio.

Current Aeronta upened in Lord Cormary and Fiand. Deposite moved for one shorter perioda in Local and Foreign Cur

*

an terms, which wilí bu qurated on applicates -

Safe Deposit Beinen To Let

HAN TONG PO,

structed to provide all of these Im- portant Qualities.

EXCHANGES

TO-DAY'S QUOTATION

On London→→→

On TT. and demand

4 months sight

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

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

THE

AMERICAN EXPRESS COMPANY,

.INC.

Head Offices—65. Broadway, New York

Chirt Manager

Capital Surplus

·Reserves

THE CHINA & SOUTH SEA BANK,

LIMITED

(Incorporated in China) Head Office Shanghai

*Reserve

Capital

Branches

Foreign Embings

Business transacted.

$7,500,000.00

..$1,500,000.00

...All Important Cities

in Chicoa

Getteral

Amsterdams

Katmergum.

Allema

Aamunt.

Besle Berlin Pambay Bermen

emenda

Banking

Cairo Calcatta Capture Colombo

Current and Saving Accounta oprend and Find Deposita received for one your or shorter perioda

at rates mining will be quoted on application.

HONG LONG BRANCH:

SOU Z CEANG,

Manager.

Tel. 2505

21. Des Tamıx Road, Conteni,

Manager's Office

Foreign Exebwage Dept.

General Offer

Cashier's Off

Coprangen Dublin Edinburgh Ferbe Genes

Credits 4 months sight

Shanghai... 4

On demand

On Singapore On demand

On Japan

2/234 2/23/ 2/3

LOCAL SHARES

TO-DAY'S QUOTATIONS

NEW YORK STOCK MARKET

Holders Desire To Withdraw

LARGE-SCALE, LIQUIDATION NOT IN EVIDENCE

In their market report, Messrs. SE Levy and Company, cerres- The following is the list of localpondents for Messrs. White Weld share quotations issued to-day:

Banks

HA Bank 1035_n. HE Bank (London) £124% Chartered, Bank $141⁄2 $13. Mercantile Bank A. and

Mercantile Bank C. 413 1 Bank of East Asia $61 u

Insurances

Canton Ins. $203 11. Union Ins. $366 DI China Underwriters 40 ds. China Fire Ins. $382 m HK. Fire Ina $200 m

•International Assce. $4 1

Shipping

Douglases $36 12: HK Steamboats $4′′n. Indo-Chinas (Pref), $30-m Indo-Chinas (Def), $12 n. Shell (Bearer) $70/734_n. Union Waterbosts $11 De

Mining

Antamoks 70 cts. the Balatoes $18 · Baguio Gold 23 cts.“b. Benguet Consolidated $10 Benguet Exploration: 10 dia. Benguet Goldfield $10 a Big Wedge 8 tts. 11. Gald Creek 30 cts. n.

Gold River 5 eta, a Ipo Mizing 90' cts. 1. Itogons $324 v Salacots 32 cts. De Kailan Mining Ad. 14/9 n. Langkats (Single) Sh. $14 1. Shai Exploration Sh. $41⁄2 Shai Docks Sh. $80 n. Ranhs $5.90 TL.

Venz Goldfield $220 n

11.

Docks, etc.

|000 shares

[Continued on Page 10)

UNNECESSARY

SPINDLES TO BE

ELIMINATED

GOVERNMENT BILL TEXT - ISSUED

COMPENSATION PAID OUT OF 15-YEAR LEVY

LOCAL NEW.

BREVITIES

The as President Hoov p.m. to-day.

pm as prev

lot at S

Among the passengers who left the Colony yesterday morning by the my. Asama Maru were Sir and Wiliam and Lady Sher

Miss Yvonne Shenton, bound for Yokohama.

London, To-day- Rudolf

The text of the Government's

Land Company, New York state:—

Mr. Rudolf Friml, the well- **Stocks: There appears to be a bill providing for the reduction known musical composer, was also desire on the part of many holders of excess capacity in the spin- passenger on the my. Asamoa of stocks to withdraw from the ring section of the cotton in Mary bound for Kobe, market on any strength. There is dustry, has been issued. As

The bill gives effect with few Mr. H Gild, well-known on the Bjno evidence yet of my large-scale

liquidation Business done: 72) exceptions, to the proposals of the China Coast, was among the pas- committee: set up by the Federa-

sengers who left for Shanghai yes- tion of Master Cotton Spinnersterday by the mv. Asama Maru Associations which were later ap COMMODITY PRICES proved by a large majority of Mas Mr. R. R. Roxburgit. Managing

ter Spinners....

for Chiza -- of Representative The Spindles Board, with power essus John L. Thanycroft and Ita borrow £2,000,000 will be set up Com was a passenger for Yokohama to buy redundant spinning plant, yesterday by the mv. Asama Mard. at a price it considers acceptable; { pata and dispose of it by breaking up The rate of postage on letters for sale, but not sale for export.

from Hong Kong addressed to It is understood that the bread Sinking and Mongolia is now 5 aim of the Board, which is not cents per ounce and on post=" oblized to buy nor able to compel cards 2 cents each.

The following quotations have been received by Beuter

Prev. Yesterday Closing Closing

201 CENTO

January

New York Cot July

October

December

IL68

11.80 11.75

January (1936)

11.69

1176

March

Mar

Spot

$11.21 1183 11.75 1188 12.35 12.45

New York Rubbers- July

12.33a

12:25

September

December

12.902

12.47 12.42 12.67 12.62 1273

12.63 12.83

Chicago Wheat:-

July

86%

36%

September

X7

86%

December

38%

-88%

Chicago Corn:-

July

$1

81

September

75%

75%

December

65%

€474

Winnipeg Wheat:—

July

8134 $234 8314 8236

March

the sale of plant, will be to reduce je z

the existing capacity of between The RMS. Empress of Asia |48,000,000 and 53,000,000 spindles left Vancouver last Saturday and jby about 10,000,000.

15-Year Levy

is due to arrive here on Wednes- day, July 17.

Interest and amortisation of the

Charged with being a vagrant. debt incurred by the Board will be in the Colony, a 23-year-old- met out of a levy, paid for 15 employed, Vincent Andrew Newes years, by every cotton mill with was committed to the House of spinning machinery, whether spi Detention by Mc Q A. A. Mac- ning Egyptian or American cotton Fadyen at the Central Police It is expected that the lexy willl Court this morning. The police work out at one and one sixth of are making arrangements for ac- penny per mile spindle per annum cased to be sent back to Cal- If the proceeds of the levy should cutta.

fall short of the amont nécessary, not

the Exchequer is to make good the Sanitary Inspector W. E Allen deficiency.

was treated at the Kowloon Hos New plant will be subject to apital on Tuesday after having August

back levy and for the first three been bitten by a mongrel bitch New York Sugar:-

years no new plant may be set up belonging to Li Sui at the Matan- Na 7 No.3 No. 1 No.3 unless an equivalent autoont of kok slaughter house.

Con Con Con. Con (plant is surrendered or broken up.

240m 238 238n 235a

HK and K Wharves (old) $IT|

July VHK and K Wharves (new) $75 Sept. 243 241 241 2.39 ¡Dec. 2.47 239 246 236 Jan (1936) 2.30n 216 229 214

1.

FK and W. Docks. $62 n. Providents (old) 85° ch. 3. Providents (new) 20 cts. n. Hong Kew Sh. $240 n. New Engineering Sh. $4. n. 137 Sbai Docks Sh. $90 n. Cotton Mills. Ewo Cottons Sh. $

Shanghai Cotton (old)

New York Silk*-* July

September December

1.31 L31 132 133 13274 1.32

Montreal Silver: July:.

September

Sh-December

January

Shanghai, Cotton (new) 340 m.

Wing On Textiles, Sh. $55 a

69.40 69.50 69.85t 69:95 71301 21.00 71.60¤ 71.30m

ABOLISHING THE SUBMARINE

HK Lands 4% Debentures Britain And Germany

9334

On demand

18534

60.J

On India---

On T.T. and demand

1444

Zoong Sing Sh. $83⁄41⁄2 11-

On New York-

On demand

54

Lands, Hotels, etc.

Credits 60 days' sight

56%

HK and S. Hotels $4 b.

On Batavia

HE. Lands $35 nom.

On demand

7832

On Paris

100%

On demand

$15

Shanghai Lands Sh. $20% n

_U_S_$6,000,000.00 2,183,633.06 870.731:05

Credits 4 months' sight

860

Metropolitan Lands Sh $10 n.

On Saigon

Humphreys-$84. D

On demand

814

HX Realties $4 n.

On Manila

301

Карая Piraeus Paria Priping Palcroze Rotterdam

108

On Bangkok

On demand

8434

Sovereigns bank buying rate 2/3%

Bar silver pET OZ.

$1

Marmeline Moona Carlo

Munich

Shegoal Fouthampton

·Singapore Turstimin

Varona

Eskalation Zurich

Bar silver in Hong Kong

1101.

Copper cash

BOM.

Copper cents

par.

3% pa

32% dis

Monteras

par

ERANCHES:-

Gezon Glasgow The Flame HATUR ILamborg Harry Kiddsberg

Inten Jermain Lendoa Liverpool Lucerne

Branches of American Express

On demand

Rate of native interest

Chinese Sub Coin

Hong Kong sub, coin

Company in Principal cities of United RAW RUBBER PRICES

States of America and Canada, na

All classes of Commercial Banking: Transactions undertaken:

THE YOKOHAMA. SPECIE BANK Personal investment -

LIMITED.

Established 1880

handled.

The Company offers to intending Travellers the use of its "Travellers

Latest Quotations From Singapore

Messa. H. B. Joseph & Co. have Cheques" and Letters of Credit received the following Straits Capital (full paid-up) Yen 100,000,000 in addition, the world-wide services Currency quotations from Sings Reserve Fund

of its thoroughly equipped Travel Yen 125,800,000,

Head Office:-YOKOHAMA

Branches and Agencies at

Alexandria

Batavia

Berlin

Bombay

Calcutta Canton

Nagasaki Nagoya

New York Osaka Paris

Peiping

Dziren. (Dalny) RangDOR Fengtien Cinkien) Rio de Janeiro

San Francisco

Hankow Harbin

Kon

Department

E. W. DUGGAN.

THE WING ON BANK

BIIMITED.

Head Office Hong Kong 26, Des Teen Road Central -Authorised Capital $10,000,000

LONDON BANKERS Westminster Band, Ltd Foreign Exchange and every des Peription at banking business transact

ed

Current Accounts and-

counts opened.

esived at rates

on application

for Special-depor

-porīta)

ore for Raw Rubber

Spot 19% down 2 b 29 s July-September 2014 no change

h 20

October-December 211⁄2 down

2 b. 213% 8. Jan-March 21% down 7% ES

SHANGHAI COMMER SAVINGS BANK LIM

Chinese Estates $90 'n.

China Realties: Sh. $4 n. China Debentures $123

Public Utilitie.

EK, Tramways $13 b. Peak Trams (old) $73⁄4%. n. Peak Trams (new) $53⁄41⁄2 n

Star Ferries $761⁄2 sa. **Yaumati Ferries $17 n.

C. Lights $890 TL

HK. Electrics $57 b. Macao Electrics $2276, n. Sandakan Light 33 s. Telephones (old) $20.30 **$21.15.2

Telephones (new) 38.20 n China Buses Sh. #111⁄2 m Singapore Traction 10/6 b. Singapore Pref. 22/6 b.

Industrials Malabon Sugar $83/2 1- Cald: Mary. (Ord.). Sh. $19

Cald: Macy (Pre). Sh. $18 Canton Tees $1.80 1 Cements $52. FK Roper n

Stores, etc Dairy Farms $141⁄2 D Watson 3.10 Be Lane Crawfords $2.40 b #Mackintosh sy kan

Sinceres pe

Wm. Powells, 70 cia n.

On (ILE) $100

Cons

In Agreement

2

A Board of three members will A fee of $50, in default one be appointed by the Board of month's hard labour, was imposed Trade and its operations will be on Teja Singh by Mr. Q A A kept under review on behalf of the Macfadyen at the Central Police cotton industry by ཀ advisory Court this morning for entering. committee of four representatives the Calory without a valid pass- of the spinners.

port

Whether the Government will

proceed with the bill in the present Hong Kong rainfall for the 24 Isession depends on the degree of cours ending at 10 am to day general support, forthcoming from was 184 inch. The total since all sections of the House of Com- January 1 has been 33.06 inches, British Wireless Service, as against an average of 40.06

TRONS.

COLONEL BECK WELCOMED

TO BERLIN-

(Continued from Page 1)

HITLER BANQUET

inches.

Appearing before Mr. E. L Wynne Jones at the Kowloon Magistracy this morning on charge of attempting to sell the return half of a ticket for the Kowloon Canton Railway, which had been bought in Canton, Teung Yas-fuk, a 45-year-old was fined

Everything

London, To-day A later message states that The First Lord of the Ad-Herr Hitler gave a banquet in his yelling tradesman, miralty, Sir Bolton Eyres official residence last evening in Monsell, gave an emphatic de honour of Colonel Beck and his nial in the House of Commons wife, the Polish Ambassador in yesterday to the statement that, Berlin, M. Lipski, and the German whereas Germany during the Ambassador at Warsaw, Herr von naval Moltke, as well as Colonel Beck's recent Anglo-German conversations had offered to escort, several members of the abolish submarines, Britain German Government and several had not been prepared to ac-other prominent people in political cept such an offer.

circles also being present. The First Lord recalled that banquet was followed by a con the German Chancellor had cert at which prominent German stated in his speech of May 21 musicians and singers performed that Germany had already-Trans-Ocean Service.

gone. BUT YOUR SAVINGS

RENT

zgreed to the abolition of sub An earlier message stated that: marines, provided other coun the Polish Ambassador, tries would do the same, and Lipski, and the Embassy staff met

Polish this was reaffirmed by the Ger- Colonel Beck, man representatives in the re- Minister, at the railway

when he arrived on his two-day cent conversations.

34

FOOD

CLOTHING

He continued, “As is well visit to Berlin known, Britain has long taken The Secretary of State, Dr. the lead in endeavouring to se Weisner, as the Fachzer's deputy

Beck Othe cure a general agreement for the welcomed Colone abolition of submarines and has present were Baron von Neur over and over again pressed for Foreign Minister, General this at every possible opportu

and Forelen Office officia ity, from the Washington

“Trans-Ocean: Ser

ference onwards.

repre

The German were reminded of our this point which are cord with their

stely, however,

not universally shared

Cón-

STALKSAWANGE A PIONER

A later mesunge Colonel Beck had

Teh was not dis

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