1935-07-26 — 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. 1853

Reserve Funds

Ste-Miny £6,500,000 Siver.... 4 0,000,000

Beserve Liability, of Pro-

prietors

HEAD OFFICE: LONDON

Paid-up Capital

20,000,000

Reserve Fund

$5,000,000 $3,000,000

Reserve Liability of Pro

prietors

£3,000,000

Agencies and Branches:

Alor Star

Thia

Ametiaan

·HEAD OFFICE HONG KONG,

BOARD OF DERECTORS,

& Dadat Zag.

Chairman,

CC. Enicht E

Deper Chanda

V. 14. Gonyban. Ext.

Chief ManagTY

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

Rauchmi

Estatua

Bomba Calama

Canton

Ind

Kamchi

Labe

Latapar

Kurking

Cawnpore

A H Compton, Esq.

Cabi

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

Colombo Delhi Baixions

Medas

New York

Perping

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

MOT

BANGIOE

BATAVIA BOMBAY

CALCUT

CANTOY

СКЕРОС

COLOSEBO DAINES

HAIPHONG

HANDTAG BANKOW

HARRY

MONAKEW

TOTO"

ПРОД

JOHORE

KOBE

KOWLOON

BLANCHES

LONDON LIONS

ZACCA

MANI

Haber)

MUNDEN

NEW YORK

UPTING ZENANG

RANDON

SAIGEN

SAN FRANCISCO

KOALA ZEXPCZ

SHANGHAI

SINGAPORK

SOTRABAYA

"SENGET PATANI

THENNA

ותנת

SYNGTAG

TOSOELMA.

Curest Serouite exposed to Loret Curney. and Fix! Deposita incrimen for.com year or abytzan Traciesón in Local Currency noć Sterling on town which will be quod an application...

Hong Kong, 6th April 1935.

HONG KONG SAVINGS BANK

The Dezme of the bow Back is conduct ed by the LONG KONG AND SHANGHAI BANKING CORPORATION Bules may be

obbelund on appications.

FOR THE HONG KONG AND SHANGHAI, BANKING CURTRATION.

V.M GRATEURS.

Cluel Manager-

Bong Kong. February, 1935.

THE BANK OF EAST ASIA, LTD.

Authorisat Capital

Paid-up Capital, paar ma peanu

$20,000,000.05

Reserve and Undivided Prosta $ 2,426,000.00

HEAD OFFICE HONG KONG

10. Des Tax Bond Crasmi,

BOARD OF DIRTUES

Be Shou-von Chow Cherry

Hankow Barbiss

Feng, Font

| transacted...

متمولا

(Petra) Prakt

*Rangoon Kairon Semarang

Seeba

· Shanghai

Singapore

Siciawan

Soprabita

Taiping Mentaja Tongka

(1)aker) Thington Tozamins Zamboanga

Foreign Exchange and General Banking sine Curres Accounds opened and Fixed Deposit evosined for abe year or shorter paciods ax rates which will be quoted an application.

A BREAKLEY,

Manager. Hone Kong, 1st. Jaunary, 1935.

THE BANK OF CANTON, LTD.

Established 1912.

Head Offéet-Hong Kong-

Authorised Capital

Paid-up Capital

Total Resources

$11,000,000!

8,655,000 32.270,492

Branches: Canton, Teishar. Shanghai Hankow. Bangicok & San Francisco. London Bankers: Lloyds Bank, Lid.,

CHINA HAIL FRIDAY, JULY 26, 1935

Commerce and

Finance

LOCAL DOLLAR STEADY

Silver Prices Firm

LOCAL SHARES

TO-DAY'S QUOTATIONS

The following is the list of local

Banks

The local dollar is steady, open-share quotations issued to-day: ing on demand this morning at 12/14-

Spot and forward silver prices were also steady at 30-3/16 and 30-5/36, respectively.

The London on New York cross- rate was unchanged at US$1- 933, as against US$195, while the New York on. Londen cross-rate was quoted at £-US $4.90%, as against $-US$4- 95%

BERLIN SHARE

· MARKET

Influenced By Dutch Political Crisis

CHINA HAJL." SPECIAL

Berlin, To-day.

The share market, was exceed- Bourse Foreign Exchange and Banking ngly dull yesterday, the business of every description trans-being profoundly influenced by the acted.

Current Accounts opened and Fixed Datch Cabinet crisis and the sud- Deposits received for one year den rise in the bank rate in Hol- shorter periods at rates which will be land and also by the extreme ten- quoted on application.

Safe Deposit Boxes (various sizes)sion between Abyssinia and Italy. Nevertheless, fixed interest secari-

for hire

LOOK POONG SHAN,

ties were calm. provincial loans

Chief Manager being weaker. Call money was at (1% to 1% per cert-Trans-Ocean

Service

SAFETY FIRST!

To Safeguard Your Valnables 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 of

Id. Koon Chun, Eaq. P. & Esok. Eng. Our Vete balding is Specially Con

Eng., Ching sock, Eng Zi Lan Tun TORE. En Chan berus, and San Ting

Sans Ele Pc. Eng.

Kan oor Pa. Eng. Chirt Manager. ITs Yong. Eng. MoneyT.

BRANCHES AND AGENCIN

Xanila

Va Hour

Batavia

Bombay

Sanaki New York

Calearte Custo Haiphoe Kaskow Honolulu Toda

Omrika Parin

Priping"

Riool

Sexti

SULATING

* խաբեց Ngapore Sourabaya

andary Thicke Tirataita

Kontene London

Sun Francis

Toyo Fascouter Talodame

stracted to provide all of these Im- portant Qualities.

You may obtain a Safe Deposit Fox in this most up-to-date Vanit for your own use at a very moderate Ren- tal.

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

THE

EXCHANGES

On Singapore-

On demand

On Japan-

Every description of Basking and Exchange

business trateacted as posedon approv~ AMERICAN EXPRESS COMPANY, On Batavia—

MEEGENTIER,

Curmat Arcout'a opened in Land Currency and Fixed Duprin recited for our year or shorter periods in Local end Foreign Cornecime on terms which will be quoted on applicati

·Fade Deposit Boxes To De

KAN TONG PO

THE CHINA & SOUTH SEA BANK,

LIMITED

(Incorporated in China)

$7,500,000.00

All Important Cities

Head Office

---Shanghai

Capital

Beserve.

$1.500.000.00

in China

Foreign Exchange

-and General.

*

Flo

Gepers

New York

1.S.$6,000,000.00 2,183,633.06

Патент

Paria Piping

Palerm

HK Bank $1033 n. Cum div. EK Bank. (London) £109

ex: div.

Chartered Bank ±15%%% n Mercantile Bank A and

$$1

Mercantile Bank C. £15 Bank of East Asia $761⁄2-0.

Insurances Canton Ins. $20$ ... Union Ins. $370 1. China Underwriters 10 ds. 1. China Fire Ins. $982 n. HK Fire Ins: $200 m International Assce. $4 1.

Shipping

Douglases $36 *- HK Steamboats 34- E. Indo-Chinas (Pref.), $30 1. --Indo-Chinas (Def). $12 Shell (Bearer) 571/1031⁄2 Union Waterboats $11% 1

Mining

Antamoks vi eta Balatoes $15 T Baguio Gold 22 cts, sa. Benguet Consolidated $124 n Benguet Exploration 12 cts 2- Benguet Goldfield 10 ets n.

Bir Wedge, 8 cts. 1.

Gold Creek 30 cts. n. Gold River 5 cts. n.

Ipo Mining 90 cta

Itagons 36 cts. 11- Salacots 12: cta, `1. Kailan Mining Ad 13/6 mo Langkats (Single) Sh. $14 n. Shai Exploration Sh. $41k a. S'hai Loans Sh. $514 n. Rauhs $ L.

NEW YORK STOCK COLONIAL ESTIMATES

MARKET

Averages Show

A Decline:

`BUYING ON WEAKNESS ADVISED

In their market report. Messrs. S. E. Levy and Company, corres- pondents for Messrs. White Weld and Company, New York, state:— "Stocks: Dow Jones' Averages registered a decline to-day, but we

n. do not think that the irregularity will develop into a major reaction.

We would advise buying for

B.ther weakness.

1,350,000 shares.

IN COMMONS

GREAT EFFORT TO MEET

THE DEPRESSION

HONG KONG POSITION SHOWS SLIGHT DETERIORATION

London, To-day.

The Colonies produced among other crops every conceivable kind of problem, said Mr. Business dane: Malcolm MacDonald, Minister for the Colonies,

Wheat: Rust damage is causing introducing the colonial estimates in the House increasingly pessimistic views re of Commons yesterday for this year. garding the ultimate Spring yields, Kenya, Malta and the Federated Malay States had joined hat some moderate hedge pressure the colonies having balanced budgets, while only the Gilbert and is checking advances. The market Ellice Islands had dropped out Northern Rhodesia and looks likely to go higher in spite

of small speculative support, whilst Nigeris had greatly reduced their deficits and hoped to have a

surplus in the current year. weather conditions in most sec

Mr. MacDonald recorded an enormous increase in Ceylon's tions are favourable to the grow-exports, from £1816 to 18 millions, largely due to better prices ing crop of Corn. Total sales: for tea and rubber; while Malaya had a similar result, exports Wheat: 27,779,000 bushels. Com increasing from £47 to £66 millions, due to similar causes. 1966,000 bushels

2

Hong Kong's position was slightly worse, and there were "Cotton: There was some scat also recorded improvements in Uganda. Northern Rhodesia and tered liquidation and local selling Nyasaland but a worsening in Kenya owing to bad climatic to-day. The Government is reconditions: but the colony anticipated a recovery. The colonies ported to be selling July and bay had made a great effort to meet the depression by reducing ing May cotton. We would par costs, in which agricultural research assisted particularly in chase cotton for distant delivery the direction of losses due to pests and diseases, while market- on further setbacks.

ing had been reorganised. "Copper: The slackened demand for both Actual and futures owing

Referring to tin. Mr. MacDonald did not think that his work was "There were still other to easier London cables suggests said that the scheme had had finished.

་

that Traders should confine their rather an unfortunate experience means which might be adopted for colonial this week, but he was advised that the development of the purchases to setbacks."

The following cables were re this was purely temporary. The resources, particularly expansion Iceived last night:

schere had improved prospects of the markets in Britain, and

He be "Wheat: Severe rast damage re- The Malayan representative did some countries overseas. ports from the North-West are everything he could to protect the Heved that they would be able to fully offsetting the effect of Rus-interests of producers, which had do something very effective to push sian and Liverpool offerings. The certainly not been neglected as far the movement still further-Beu-

las the Colonial Office was concerter market looks higher.

"Hides: Normal to below normal ed. slaughter of cattle suggests an aceriimulation of hides on a scale down”

EXPENSION OF MARKETS

GENERAL PROGRESS

London. To-day. sew Secretary for the Mr. MacDonald paid a tribute to The Sir Philip Cunliffe-Lister. saying Colonies. M. Malcolm MacDonald, that every territory had benefitted in submitting the Colonial Office The following quotations were economically from his work in the vote in the House of Commons Nevertheless, be lyesteräzy, spoke of the colonies" last 3 years. HK and X Wharves (old) received by Rester---

$76 h..

Venz, Goldfield $2.80 n

Docks, etc...-

Latest Quotations

NY./London Cross-Eate

MILK PRODUCTS

Prev. To-day's).

close CORE

495 496 11.47 11.92

69.20

IN BRITAIN

Review Of Situation To Be Made

NY. Cotton Oct....11.51 NY. Rubber Sept. 11.82 Chicago Wheat Sept. 85 Chiengo Corn Sept. 75% Montres! Silver Dec. 69.40 Silver Official..... 67%

..$5

KSL

120

Dow Jones Averages. - 30 Industrials 124.50 123.80 34.31 33.77 20 Rails

Si of

96.98 96.99 .06 of

Sa-20 Utilities - 22.22 2215 · 07 of

40 Bonds

Shanghai Cotton (new) $40 11 Commodity.

Index

5401 54.08.05 up Business done:-1,330,000 shares.

COMMODITY PRICES

The following quotations Metropolitan Lands Sh. $10 m. been received by Renter

Prev. Yesterday Closing. Closing

Public Utilities

Snancial condition and the im- provement of their trade, and dis- cussed the effects of the regulation schemes for tin, tea and rubber.

In general he was able to report Karther progress in the securing of balanced budgets. Kenya, Mala and the Federated Malay States, 1933, after having deficits in balanced their budgets last year.

PREFERENTIAL MARGIN FOR Comparison between 1934 and 1933

EMPIRE SUPPLIES

a number of representative colonies showed on the whole an improvement their trade figures. Londor, to-day.

Efforts had been made to expand Questioned in the House of the markets for colonial products Commons yesterday regarding the in the Empire countries by a wide Government's policy for milk pro extension of the system of imperial

ducts, the Minister of Agriculture, preference. In regard to a great

Mr. Walter Elliot, replied that the many commodities we had so ar- Government, would review the ranged our purchases that almost hairy produce situation fully be the whole supplies came from the to the Colonial Empire. The exports of More next March, but as problem created by the butter and Ceylon, and Malaya had shown a cheese imports they were of the great increase in value as the re- opinion that, should conditions sult of better prices due to schemes warrant continued assistance be regulating the production of tea, the home industry, it could best be rubber and concluded that regulation of the market might sometimes be neces sary.

TIN MARKET SCARE Mr. MacDonald defended the in- ternational stim restriction scheme The incidence of any such duty from criticisms arising from the or levy would be adjusted to main recent market scare, on the grounds tain the existing preferential mar-that over a period of a great many gin for Empire supplies. The months it bad smoothed out violent Success, too, position of milk powder and con- price fluctuations. densed milk would receive separate had attended the tea and rubber consideration after the report by regulation schemes, which had" the Import Duties Advisory Com-restored prices to an economic level: mittee had been received-British for prodzicers. - Wireless Service.

TO-DAY'S QUOTATION

On London-

HK and K Wharves (new)

On T.T. and demand

2/14

4 months' sight

2/1%

Credits 4 months' sight

2/24/

On Shanghai.........

On demand

334

904

$74% D. HK and W. Docks $61⁄2 1. Providents (old) 85 ets. De Providents (new) 20⋅cts. D- Hong Kew-Sh. $240 a. New Engineering Sh. $4 n. Shai Docks Sh. 380

Cotton Mills

On demand

1784

Ewo Cottons Sh. $7 n.

On India.

Shanghai Cotton

(old)

On T.T. and demand

13914

$65 n

On New York-

On demand

523s

Zoong Sings Sh. $8

... Credits 60 days' sight

5474

Wing On Textiles Sh. $25 m

Lands, Hotels, etc.

INC.

On demand

***

HK. and S. Hotels $3.90 n.

On Paris-

HK Lands $31 s.

Head Office-65. Broadway,

On demand

781%

H.F. Lands

4% Debentures

Credits 4 months' sight

2321

100% 1.

Chie! Manage".

On Saigon-

Capital

Shanghai Lands Sb. $2011⁄2

Suplux Reserves

On demand

1872

$70,731.05

On Manila

Humphreys $8.10 2.

On dermand

1044

HAK Realties 34

BRANCHES:-

Austendasto

Aizena

Ge Changca The Baros

Milan Nace Sapien

On Bangkok-

Chinese Estates $88 1,

On demand.

83%

J

TX+ BY THE

Sovereigns bank buying rate 2/27%.

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

New York Cotton:- ¡October

December

11.51 1142

11.47 1137

Futbo

Bar silver per oz.

30-3/16

Brüm

January (1936) 1142,

11.39

Bombay

Bar silver in Hong Kong

TOM..

Temes

I

Guino Calcu

Jamawarma London Interpol

Roterdam Bor Shanghai

Copper cash

330M.

ELK. Tramways $12.55 n.. Peak Trams (old) 3

March

11.41

1136

ni

May

11.42

11.37

Foutham plas

Copper cents

par:

Peak Trams (new) $53% 2.

Spot

12.25

1.2.20

Banking

ncpone

Tistim

Taormina

Rate of native interest.. 3% pa Chinese Stb Coin

Star Ferries $76% sa

32% dis

Yaumati Ferries. $17.60

Voda Tesice Tahaba.ne Zurich

Hong Kong sub, coin

par.

New York Rubber- July

September

December

11.84 11.71b

11.91 1183 12.03 1213 12.20 12.10- 12.243 -12:35

Chicago Wheat:--

July

86

35

September

86

864

December

$73%

May

900

Chicago Comni-

NEW YORK STOCK EXCHANGE

July

84%

-83%

September

75%

757%

December

634/2

627%

May

653%

Winnipeg Whest:---- July August

8134 81% 82%

828

No.1 No.3 No.1 No.3 Con Con, Con Con

May

Dairen Dalry) Fenetien (Mukden) Ki Hamburg Hankow

Harbin

Hong Kong

Finking Karachi

ondon

Los Angeles

Vanil

NI

Bubber

New York Sugar

de Jenciro

Sept

2.30 2.27 2.30 2.27 c. Wheat

Dec-

12.03 1210 12.13

Dec

2.36 224 236 226 Jan (1936) 211n 202 211 206 Mor.

Sep

872

Dec

8912

2.04 2.09

2.07 C. Corn Sept Dec 211

STOCKS

Amer Smelting 444

A

New York Silk July

Con Gas N.

25%

26

September Decem

14235144 140 140

Elec Bond &

Share Maple

General Motors ar

141 Im Tal & Tel: 9%

Interest Mowed

for Special: deposita

Leposits

93%

Loew's Inc

40%

Head Offic

Is It Insured?

LOWEST RATES A American Asiatic Underwriters Fed Ine, USA General Agents

H

Montgomery

The Brad

July

68.20

68.00

FONGİ:

JER: Govt: 32% Loan

Wallace Harpers $4-n.

September

68.35

68.05

NY. Central 1824

Standard Oil

December

69:40

69.30

69.300

JEZEB

Personal handled.

Manich Montros

of

investment

accounts

E. W. DUGGAN,

Manager

I

Branches

·Basinas transacted.

Correat and Saving Accouple opened and Fized Deposita meiend for one year of shorter perioda

at etc witch will be quoted on application.

SOU Z CHANG,

Manager.

HONG KONG BRANCH:

24. Due Tompt. Rad.' Central,-

Manager's Offer

Famiza Lachanson Drugst

Geremi Odor

Cambier's Office – samotnangrarn

Teles

THE YOKOHAMA SPECIE BANK

LIMITED.

Established 1880 Capital (fall paid-up) Yen 100,000,000 Geserve Fund ***** Yen. 125,800,000

Head Offices-YOKOHAMA

Branches and Agencies at:

Alexandria

zates to

Kagasaki Nagoya

Colombo Coproban Dublia

Lumano

Edinburgh Nonte Carlo

Manila

C. Light $8.60 m H.K. Electric $57. n. Macao Electrics $2241⁄2 n

Branches American Express RAW RUBBER PRICES Sandakan Light $3's.

Company is Principal cities of United

States of America and Canada.

All classes of Commercial Banking Latest Quotations From

Transactions undertaken.

Singapore

Messrs. H. B. Joseph & Co. have

The Company offer to intending received the following Straits Car- Travellers the use of its "Travellers

rency quotations from SingaporÉ Cheques" and Letters of Credit and,

in addition, the world-wide services for Raw Rubber:-- of its thoroughly equipped Travel Department

THE WING ON BANK

LAMITED.

Head Office: Hong Kong” 26. Des Toeur Bond Centra Authorised Capital $10,000,000

LONDON BANKERS-- Westminster Band, Ltd Foreign Exchange and every des cription of banking business transact-

Current

Accounts and

counts opened. Fixed

ceived at rates, which will be

on-application, Spe

Spot 18% no change b., 19% s August-September 19% up 1⁄2 b...

1935. October-December 19% up % by:

19% B January-March (1936) 20% b

up 8 b., 20% S Market: Easier.

THE

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED/

(Incorporated in Chins).

Capital paid up

Reserves

Capital Savings Dep Beserta Say

As Head

-A. Bank hari

the industział «China" and the" for

Commercial relations Long Kong

7. Ice House-St-

Telephones (old) $211⁄4 s Telephones (new) $8.30. China Buses Sh. $111⁄21⁄2 n Singapore Traction 10/6.b.. Singapore Preť 23/6 b.

Industrials Malabon Sugar 181⁄21⁄2 Deja Cald: Marg. (Ord), Sh. $191⁄21⁄2

Cald: Macg. (Pre£). Sh. $13 Canton Ices $180 1. Cements $5 s HK Ropes $2 Do

Stores, etc. Dairy Farms $15.80 Watson 53.35. ap 122 Lane, Crawford $3 n. Mackintosh 37 m. - Sificeres $4.70 82. Wm. Powells, 70 cts. n. Wing On (EK) $55 1.

Miscellaneous

HK Amusements $1.85 a. Bitertainments $4 n S. C Enterprises $1.35 n. Macao "Greyhounds", $2 n. Constructions (old) $110. Constructions (new) 50 etc Vibro Piling $48.

Ch. Govt 5% 1925 G$Bds.

January

March

May

HK Govt 4% Loan 6% prem. Montre

New York

Hong Kong 17th March

Latest Quotations

July 26.

The enormous depression had made it inévitable that elventional development was at a standstill, but they were spending more money on medical research. When trade and revenue expanded more money could be spent on improved health, educational, social and po Ilitical services. The primary ob ject sought by the Government în

The following quotations were re-the development of the territories ceived by Renter

and their resorces, the Minister said, was the benefit of the people themselves, both white settlers and natives British Wireless Service.

Last close

11.00 10.20 NY./London 4.95 4.952 4956 NI. Cotton-

Oc

17:50 11.51* 1150

11.29 11.42 11:40