1935-07-10 — Page 6

BANKS

· HONG KONG AND SHANGHAI BANKING CORPORATION

$50,000,000 Authorised Capital ...... Isaned and Fully Paid-up 20,000, Reserve Funds

Sterling £5,500,000°

Silver

$0,000,000

Reserve Liability of Pre-

prietors

HEAD OFFICE HONG KONG.

DL

&

OF DILECTORS

Dod

Chall

CC Eag

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1858 HEAD OFFICE: LONDON Paid-up Capital

Agencies and Branches:

Lupilo

حمر

Karachi

Fron

Bang Superadan Shangbai

THE CHINA MAIL WEDNESDAY, JULY 10, 1935

and

Commerce

Finance

LOCAL DOLLAR DECLINES

Silver Prices Drop

The local dollz has declined a farthing, opening on demand this morning at 2/13.

20,000,000

Reserve Fund

£3,000,001 3,000,000

Reserve Liability of Pro-

prietors

$1,000,000

thier Star

Ametituar

Banglar

Batavia

Bombe

Calcusto

Ко Konin

Situation

Lunpar

Sibawah

also declined to 30%.

Compone

Barakamo

A. H. Compton Esq

Medium

Taiping

11. Johnson, Eso

Hoa, Mr. J. J. Paterson,

Calom bo Dhi

TYS

Moder

Tongish

Haiphong

New York

(Biker}

Priping

Tsingtao

Peking

ToboderDe

Feneng

Zamboanga

Deputy Charman.

T. X. Grbura. Enq

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

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

NOT

BANGKOK

BATAVIA

BONBAY CALCUTTA CANTON

CHEFOO

COLOMBO PAIRIN POOCHOT HAIPHONG

HAMING

HANKOW HARBIN BONGIEW

ILOILO

XPOR

JOROLE

FORE

HOWZOON

BRANCHES

LONDON

LYOKS MALACCA

MASILA

LAR Jobare

MUKDEN

NEW YORK

PEIPING

ESANG

BANGOOK

SUGOS

SAN FRANCISCO

KUALA LUMPUR

SHANGHAI

SINGAPORE

SOURABAYA

SENGET PATANT

TORTO

TRNATIO YOROSAMA

Cumes Aroused in Loral Curry Red Frand Throat Fond for his she t Both in Invd Company and Stering wil be qued on empleation.

Hong Kong. 6th April, 1935.

HONG KONG SAVINGS BANK

The run the shove both a conduct

BANKING CORPORATION Ham may · De- oblocand un unge walion.

FOR THE *G KONG AND MANGHAT BANKING OURPORATION.

V. M. CRATEURS,

"Goop hang wils Fearnly,

Chori Sadagen

THE BANK OF EAST ASIA, LTD.

Autharmed Capital

Paid-up Capita.........

Brand adivided

.4

$30,000 £400.00! $3MM, 1680,00 $20,000,00

TEAD OFFICE:—«NG 80NG

10. De Vos Band tal

BOARD OF DIRECARS.

Sir Shou-son Chow, thrman,

P. K

Les To To Chan Chan

TESTE

Hankow Harbist

Hooe Kent

acted

مشمولا

Both spot and forward

silver

The London on New York cross- rate was quoted at £ US$4.97, 23 $US$4.9616, with compared while the New York on Lon

quoted at don cross-rake

Pres

Foreign Exchange and General Banting busin£US$4.96%, as compared with Comment Accounts oproed and Fixed Depousse (S-US$1974. recerred-for-comer of '«beruar periods at Taver

which wi? de guided on action

A. BREARLET.

Managin Hong Kong, 1st January, 1935.

Established 1912

Head 06ce-Hong Kong.

EXCHANGES

Authorised Capital : $11,000,000 On Shanghai----

Paid-up Capital

Total Resources

$.535,004

32.170.422 On Singapore-

Benches: Canton. Toishan, Shanghai

Hankow. Bangkok & San Francisco. On Japan- London Bankers: Lloyds Bank. Ltd,

Foreign Exchange and Banking

business of every description Trans-On India—~ acted.

Current Accounts opened and Fixed

Deposits received for one year on On New York- shorter periods at rates which will be quoted on application.

Safe Deposit Boxes (various sizes)

- LOCAL SHARES

TO-DAY'S QUOTATIONS

NEW REICHSBANK STATEMENT INCREASE IN GOLD STOCK

*CHINA MAIK” SPECIAL

Berlin To-day

The Reichsbank statement, dat ed July 6, published yesterday. shows an increase in the gold

NEW YORK STOCK MARKET

Profits Not Expected From Rail Shares BULLISH POSITION STILL FAVOURED

NEW ADVERTISEMENTS

HONG KONG & SHANGHAL BANKING CORPORATION®

IS HERSEY NOTIFIED that

Dividend an Interim 12.10.0 per Share, subject to de- duction of Income Tax, has been In their market report. Messrs declared for the HALF YEAR

The following is the list of local stock by 0.2 to 85.8 million Reichs-S. E. Levy and Company, torres-ending $0th Jane, 1995, at the rate. share quotations issued to-day marks, foreign bills remaining pondents for Messrs. White Weld of 2/2 per Dollar.

unaltered at 42, making a total and Company, New York, state- THE DIVIDEND will be pay Stocks: We are of the opinable on and after MONDAX, 19th increase in the note, cover of 0.2 to $9.8 million Reichsmarks. The ion that unless railroad issues AUGUST, 1935, at the offices of note circulation declined 154.7 to improve importantly soon, the Corporation, where Share

Traders might as well accept holders are requested to apply for

Our Warrants. R3,740.5 million Reichsmarks.

Banks FK Bank $1075 a. $1100/40`ss. E.K. Bank (London) 2100 2. Chartered-Bank: #14 r. Mercantile Bank A. and

Mercantile Bank C £151. Bank of East Asia $81 1.

U

Insurances Canton Ins $205. D. Union Ins. $36732 1. China Underwriters 40 ets. 1. China Fire Ins $382. n. HF. Fire Ins. $200 s International Assee.' $4 1. ̧

*Shipping

Douglases $56 n.

H.K. Steamboats $4 a. Indo-Chinas (Pref.), $30 1. Indo-Chinas (Def), $12 a Shell (Bearer) $70/- n

- Union Waterboats. $11 n

Mining

Baguio Gold 25 cts. b. Benguet Consolidated 12

$3.

Benguet Exploration 10 cts. Benguet Goldfield 10 ets n Big Wedge. 8 cts. t.. Gold Creek 30 cts. n.

Gold Biver 5 cts.

TO-DAY'S QUOTATION,

"THE BANK OF CANTON, LTD.

On London-

On T.T. and demand

2/14

4 months' sight

2/13%

Credits 4 months' sight

2/24

On demand

133

Antamoks 70 cts. #

On demand

90%

Balatoes $18 1.

On demand

·1784

On T.T. and demand

1394

On demand

5274

Credits 60 days' sight

.543

On Batavia-

On demand

76

Ipo Mining 90 etsin.

On Paris

On demand

7874

Credits 4 months' sight ..8222

On Saigon

On demand

7834

1044

Rants $5.80 n.

Venz: Goldfeld $250 n.

On demand

8872

Docks, etc.

Sovereigns bank buying rate 2/2

Bar silver per o

30

Bar silver in Hong Kong Copper cash

HK and K Wharves

ST4 b HK and K Wharves

$17 b

Copper cents

part

3% pa 2234

dis pat.

1 for hire.

LOOK POONG SHAN.

Chief Manager

SAFETY FIRST :

To Safeguard Your Valuables and Jewelleries.

Deposit them in a Vault

that is really: FIRE-PROOF

·BURGLAR-PROOF DAMP-PROOF!

OUR SAFE DEPOSIT VAULT

Li Lan located on the Mezzanine Floor

On Manila-

On demand

On Bangkok-

Keaf, Zeq., Woog Chu Soc. 7. and Has YIDE! Or New building is Specially Con-

Pate of native interest stracted to provide all of these Z- portant Qualities.

ostain a Safe Deposit Chinese Sub Coin ... You may Box in this most up-to-date Vault for Hong Kong sub, coin your own use at a very moderate Ren-

Amoy

Ten Tone To... (et Manager.

Li The Feu Dye Manor

· BIANCHES AND AGENCIES

Manila.

Num

Swat

Falstis

Sheach

Bombay

Calcutta Castro Harphong Hanko Honolul

New York

Daya

Pame

Swazow

Mydney

Piping

Prong

Bash -

Kaneioon Loudon

Pan Francisco

Jainko

Tiesit."

Terra.

Tanedurer Yrobatia

Zory dracription of Banking and Exchange Dades tramated Lands grasited on approved!

Current Account opened is Local Commers! Red Fixed Deponte received for me year. Of abarber, periods in Loen nod Forrige Cumesom Obers which will be moved on applicatio

Safe Deposit Boxes To th

EAN TOSG PO

Inspection Coréislir Invited.

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

THE

AMERICAN EXPRESS COMPANY, INC.

Head Office:-65, Broadway, New York

US$6,000,000.00

Erussels Genera

Amsterdam

Milan Berlin

"IHOM

Itogons 36 cts. S

THE REGISTER OF SHARES».

The amount of credit issued, some profits elsewhere.. as measured by bills, cheques, view of the longer range: out- advances and investments, de-look still favours bullish posi- creased 307.6 to 43746 million tions. Business done: 1,350,000 of the Corporation will be closed ReichsnarkyTrans-Oceza

vice.

Ser shares.

BELGIAN BANKS TO BE SUPERVISED

Continued "on Page 11).

Latest Quotations The following quotations were received by Renter

Prev. To-day's close close

4.97

NY/London

Cross--te

DECREE ISSUED BY Coston Oct 12.64 11.75

GOVERNMENT

~CHINA MAIL" SPECIAL

Brussels To-day.

the banks

NY. Rabber Sept. 1230 1243 Chicago Wheat Sept. 80% Chicago Corn" Sept. 75 Montreal Silver Dec. 69.35 Silver Official

* 85

70.25. 684

Dow Jones Averates

The supervision of

$9

58 off by the Government, foreshadow 30 Industrials 122.55 122.17 32.68 33.00

22 up 26 2286 unchanged led recently in the Government (20 Rails

97:15 97.17 .02 up declaration of the Premier, M. 20 Uslities.

21 Commodity Paul Van Zeeland, was put into 40 Bonds

Indest 54.80 55.84 104 mp cts. effect yesterday by the proclam-

Business Doge:-1.350,000 shares.

Salacots 12 eta. n." Kalan Mining Ad. 14/5 n Langkats (Sinde) Sh 14 1. Shai Exploration Sh. $436 n Shai Loans Sh. $5 1.

ation of a decree passed unan- nimously by the Cabine.

A

The text of the decree will be pablished to-day. Trans-Ocean Service

BRITISH REVENUE RETURNS Expenditure Again Increased

London, To-day

COMMODITY PRICES

The following quotations have been received by Reuter.

¡from MONDAY, 29th July to SATURDAY, 10th AUGUST (both days inclusive) during which period no transfer of shares can be registered.

By Order of The Board of Directors.

V. M. GRAYEJEN,

Chief Manager

Hong Kong, 10th July, 1935.

CONSIGNEES NOTICE

THE BEN LINE STEAMERS. LIMITED

From LEITH, MIDDLESBRO

ANTWERP LONDON AND STRAITS

The Steamship.

- BENDORAN”. Consignees of Cargo are hereby informed that all Goods are being Prev. Yesterday landed at their risk into the hazard- Closing Closings and/or extra ham-dous Godowns of The Hong Kong and Kowloon Waarf & Godown Co, Ltd, whence and/or from the wharves delivery may be obtained:

New York Cotton:-- July

The exchequer returns show (new) that the total ordinary revenue New York Rubber:--

HK. and W. Docks $61⁄2 n Providents (old) 85 cts. n. Providents (new) 20 ets...

July

September December January

No claims will be admitted after the Goods have left the Godowns, and all Goods remaining undeliver- ed after the 17th July will be subject to rent.

steater All claims against the must be presented to the Undersigne ed on or before 31st July or they will not be recognized.

To comply with the General Bonded Warehouse Regulations

consi gees

Revence Officer fa attendance when damaged dutiable goods are examined

¡October

December

May

Spot

11.95 12.08 11.64 11.75 11.62 11.73

11.72 January (1936) 11.61 11.65

11.77 March

11.69 11.82 12:40 12.50

12.202

12.29

12.30

12.43

12.51

12.65

12.58

72.72

I must have

12.733

12.85

Chicago Wheat: July ¡September December Chicago Corn:-

80

84

80%

85

834

(old) Sh

July September

8134

824

No Fire Jeffected

75

7634

$63. m

62%

€32

Shanghai Cotton (new) $40 m.).~

Winnipeg Wheat:- Latest Quotations From July

Singapore

Angst New York Sugar:-

80 201

8014

-81%

Hoat Kew Sh. $240.z. New Engineering Sh. $4 n Shai Docks Sh. 380 n.

Cotton Milla

Ewo Cottons Sh. $ n. Shanghai Cotton

Zoong Sings Sh. $811⁄2 n.

to date, exclusive of self-balan- (old)eing items, amounts to £142,362,- 062, as compared with 5142281,- 229 at the corresponding date of last year. The total ordinary ex- penditure, exclusive of self-bal-March

current ancing items, for the year to date is $209,456,267, as against £200,700,467 at the cor- responding date of 1934-British Wireless Service.

Wing On Textiles. Sh.$28 1...

Lands, Hotels, etc.

H.K. and S. Hotels $4 m.

Shanghai Lands Sh. $20% I.

RAW RUBBER PRICES December

No. 1 No.3 No.1 No.3 Con. Con Con. Con Messrs. H. B. Joseph & Co. have

Streits July

230 228 234n 2.35n received the following

233 231-2.42 2.39 Currency quotations from Singa Sept.

Dec.

2.38 227 2.45, 232 pore for Raw Babber."

Jan, 1936 220 2.02 -2.20% 2.09

2.03

2.11

1.354 134 1351/2 1.3542

136

LONDON EXCHANGES

London, Yesterday.

Paris

:74 39/64

New York

4.97

Montreal

4.971⁄4

29.42

15.15

$7.29

**

6034

.12.31

EK. Lands $35 nom.

Madrid

36 3/16

H.K. Lands 4% Debentures

Bucharest

487

100%

Chief Yaunge.

Belgrade

216

Capital Surplus Reserves

Shanghai

1/64

Metropolitan Lands Sh $19 m

Hong Kong

2/3d.

Humphreys $84 2

New York Silk:-

BRANCHES

Other rates unchanged

Chinese Estates $90 m

Atxierasts

Albe

17ncorporated in China)

ALGED

Head Office...Shanghai

Capital

$7,500,000.00

Berlin

Sembe

Бипо *-- The Hag Miran Hazburg

Reidelberg

Man

+

Silver spot

30%

Napina Pir Paris

Forward

304

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

September Jan-March 21% up by 22% December 1351⁄2

Warloan 3%

3

Montreal Silver:

Market: Firmer.

July......

68.30

68.65

Reserve

$1,500,000.00

68.20

Bersed

..All Important Cities

Krame

"Caro

in China

SHARE MARKET

*69.35

70.25

Foreign

Exchange

Banking

Calzufta Canon

.69.40m

Colors be

Legno

Gaprubazen Dabia Fanburch POSTACO

TEXTING

Marie Bre

V

Monte Cario

Manila

Venice Zobohame Zurich

THE CHINA & SOUTH SEA BANK

LIMITED

Branches

Boris tweed

and Gezera? Current a Sering Account, aprond and Fizad Deperite revised for one year or shorter periods at rates who will bequched on application

SOU Z. CHANG.

Manage HONG KONG. BRANCH: ·

* De Tomst: Road. Comes

-Nament's Office.

Forrica Earhaanse Durgh,

General Office Cassire

Office

SUNGD

Ima Lense

Liverpoo LROTTEE

J

Wakeb Hartreet

2,153,633.06

870.731.05

Peping

Palermop .Rotterdam

Rorbe Shanghai

Resthampton

Spore

Branches of American Express Company in Principal cities of United States of America and Canada,

All classes of Commercial Banking Transactions undertaken

THE YOKOHAMA SPECIE BANK Personal

LIMITED.

Established 1880

Shandiled

investment

106 9/16 -British Wireless Service.

THE MERCANTILE BANK OF

INDIA, LTD.

HEAD OFFICE:

Griecherch Stock Loodon, EC.&.

Authorised Capital.

Subscribed Capital ........ Paid-up Capital

$3,000,000

1.800.000

1,050,000

Reserve Fund & Rest.. 1,247,432

· BLXKFES:

Bangkok

Bank of England idled Bank, Iss.

accounts Botabay Calentin Colombo

Delta The Company offers to intending Travellers the use of its "Travellers Hong Kong Cheques and Letters of Credit and, Bowrah Capital (full paid-up) Yen 100,000,000 in addition, the world-wide services Yen. 125,800,000 of its thoroughly equipped Travel Reserve Fund

Department

Head Offices-YOKOHAMA Branches and Agencies at:

Nagasaki

Nagoya

New York Oseka

Bombzy

Calcutta

Canton.

Dairen (Day)

Fenetien (Mukden) Rio de Janeiro

Hankow Harbin

ghaix

E. W. DUGGAN,

Manager

BEANCHES

Ipoh

For Bhera Enels Lipie

Tubala Lumpur

Kew York. Pecane

Port Bonis

(Maorities)

goa Shanghai

Zuma (Paling) Semla

Simmon

.HONG KONG BRANCH Every description of Banking and Enhange bonimne trapecind

Traveliams Choques issued,

Trustee and Exxecutorships der taken.

ISLEREST." Allowed si Current Annovate, and Fixed Deposits at Rates 'that mag- bu -naDETKÍZAŘ on application

R. LENNEDY

Manage

THE WING ON BANK d Corral

LIMITED.

Head Office: Hong Kong

26, Des Voeux Road Central. Authorized Capital $10,000,000:

LONDON BANKEES Westminster Band Ltd. Foreign Exchange and every des

business

ess transact- banking cription

counts and Savings Ac

Fixed Deposits: ré-

will be quot

Hong Kong 1st April, 1935.

THE

SHANGHAI COMMERCIAL * 'SAVINGS BANK TESTED

Cincorporated

Capital paid ap

Be Capit

HK Realties $4 a

Public Utilities

HK Tramways $13 n. Peak Trans (old) $74_12 Peak Trams (new) $5% n Star Ferries $761⁄2 b Yaumati Ferries $17 n.

life

C. Light $8.80 sa HK. Electric $59 sa Macao Electrics Sandakan Light $34 s. Telesphones (old) $203⁄41⁄2 b. Telephones (new) $8 n. China Buses Sh. $111⁄2 a. Singapore Traction 10/6 b Singapore Pret 22/6 b.

Industriais

Malabon Sugar $1⁄2

Cald: Macg. (Ord.), Sh $19

11.

:

Cald: Macg (Pref.), Sb. $13 m. Canton Tees $1.80 D -Cements $54 3. H.K. Ropes $21.

Stares, etc Dairy Farms $1534 b. Watson $32

Lane, Crawford $3 sa Mackintosh $ID Sinceres $6.80 1. WmPowells, 70 cís. n. Wing On (HE) $70

Miscellaneous

HK. Amusements $1.85 n. Entertainments $4 n.

C. Exterprises $1:35 1. ounds”. $2 n.

(old) $140 n

$1925

GXBU

Spot 19% up 4 b., 20% s July-September 20% up 14 by Mar.

20%

Oct-December 21 up % by 23 July

HK Stock Exchange Officiál Summary issue at 1230 am to

day

With the reduction of 10/- in the interim Dividend of Hong Kong Bank shares the quotation for these eased off to $1075 sellers;! following a drop in the Renter's quotation of £14.10.0 per share on The rest the London Register-

of the market continued stendy

September

December

January

All broken, chafed; and damaged Goods are to be left in the Godowns, where they will be examined on the 16th July, at 10 am, by Messrs. Goddard and Dondas.

Insurance

been

Buis of Lading will be counter signed by

GIBB, LIVINGSTON & CO. LTD.

Agents. Hong Kong, 9th July, 1935.

BRITISH AIR MAIL

Large Developments Foreshadowed

·£140 PER MINUTE. REVENUE

London. To-day.

The Postmaster-General, Major Tryan, stated at a luncheon yes- 69.00b. terday to members of the Empire Parliaments his intention to pur- 70.300 ere the active developments which have been the recent policy of the The Post Office was one of the greatest group of busi- nesses, in the country, estning re- menue

at the rate of £140 per

NEW YORK STOCK EXCHANGE

Latest Quotations

July 10.

Post Office.

minute.

"

In pursuit of the ideal of build-

The following rastations were reing up the greatest airmail ser vice in the world the Government ceived by Renter

communicated had

to the 10.20 1100 Dominions and India a scheme for 14384 198

Itist. "close"

with further enquiries for most of NY/London - 497

NY. Cotton the Public Utility Stocks...

Oct NY, Rubber

Dec.

Hong Kong Bank $1075

$1100/114082

Anion Insurances. $367 b.

Baguio Gold, 23 eta, bi Benguet Consolidated $12 sa Itogons 35 cta. sa Wharves (Old) $771⁄2 b. Wharves (New) $74 "Star Ferries $7634 b

China Lights $8.30 32 Electrics-359-sa

Sandakan Lights $34 K

C. Wheat Sept.

11.64 1156

12.51 -1265

80%

C. Corn Sept. 75

Amer Smelting 413

1173

12.70

82

Dec.

STOCKS

b.

4171⁄2

Con Gas NT - 26%

Elec Bond &

General Motors 344

Share

Int Tel & Tel:9% Loew's Ine 43% Montgomery Tractions (Pre Way Central

Telephone (Old) $203 h. Singapore Fractions 10/6-b

Singap

-22/6 b

Pre

Standard Oil

US Steel

37

the extensive development of the Empire mail services, which pro- vided for very material improve ment in the present time schedules, for a substantial in- crease in the frequency of the services, and for all first-class maail to Empire countries covered by the projected services to be

British ried in future by Wireless Service

2975

Is It Insured?

REICHSMARK QUOTATIONS

A Bank

the india