1935-08-26 — Page 6

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION

Authorised Capital Issued and Fully Paid-up Reserve Funds

Sterling € 6,500,000 Silver - $0,000,000 Reserve Liability of Pro-

prietors

$50,000,000

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

20,000,000 Incorporated by Royal Charter, 1553.

20,000,000 Reserve Fund

HEAD OFFICE: LONDON • Paid-up, Capital

£5,000,000

£,000,000)

HEAD OFFICE HONG KONG,

Reserve Liability of Pro-

prietors

.£3,000,000

Agencies and Branches:

Alor Star

Arbeitsar

Tailo Ipod

Hangon

Faigoa

Sarsobi

BOARD OF DIRECTORS,

& E. Dodwell, Esq.. ..

Chairman.

Anight, Eng.

Deputy Chairma

T. X. Greyburn, Esq. `·

Chist Manager.

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

Bangkok

Kat

Estrering Fereth bas

Batavia

Kobe

Shanghai

Calesatta

Xenia

Singapor

Cotton

Lamper

Sitiawan

Campore

Kuching

be

Kadvan

Manila.

Medua.

New York.

Taiping

Tongin

(Bhalse}

Pelping

M. I. Johnson, Exc, Colomb

A. H. Compton. Esq.

Hon Mr. J. J. Paterson,

Debi

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

ANOT

BANGKOK

BATAVIA

BONDAY

CALCUTTA

CANTON

CHEFOO COLOMBO

DAIKEN

FOOCHOW RATPRONG

HAMBURG EANXOW.

HARRIX

HONG KEW

izora

POR

JOHORE

ROBE

KOWLOON

BRANCHES am

LUNDON

ZTONS

MALACCA

MANILA

MTAR (Jobore)

MUXDEN

NEW YORK

PELPING

PENANG

RANGOON

SAIGON

SAN FRANCISCO

KUALA LUMPUE

SHANGHAI

SINGAPORE

SOURABATA

SUNGEI PATANI TESTSIN

TORTO

TSINGTAO YOKCHAMA.......

Comment Ameente opened in Local Currency and Ford Deposite received for one war or aborter period in Loral Currency and Sterling on terms which will he'quard on application.

Hong Kong, 6th April, 1935.

HONG KONG SAVINGS BANK

•The Burition of the above Bank is, canders ed by the HONG KONG AND SHANGEAI BANKING CORPORATION. Rules may be obtained "so - application.

FOR THE WONG KONG AND SHANGHAI BANKING CURPURATION,

V. M. GRAYECEN

·Cave! Managet.

Hong Kesh Füruary, 25155.

THE BANK OF EAST ASIA, LTD.

•Authorised Capital Paid-up Capital

$20,000,000,00

~ 5,208,800.00. Reserve and Undivided Trista $ 180,000.00

HEAD OFFICE HONG KONG

Da Don Forux Bed Central...

BOARD OF DIRECTORS—

Sip Sharon Chaw, Chaka,

Li Roon Chen. Esq. P. K. Awak. Tj.. Fone Tut Tons. Eng Chan Ching, Eng Li Lea Fang. Ex Woor Chu Son. Esq. and San Ting Po. Esq.

Xa Tone Po. Eaq- Chief Yanswer.

Li Te Foo Emin Managuta

BRANCHES AND AGENCIES:-

Marin

25=-LAXCASTE

Azow

Batavia

Bombay

Naki

Calzatim

Custo Harpboog

Yow York

Omaica

Paris

Parkow

Huipitest

Honolulu

Penang

Jobs

Rangoon

Kowloon London

Baren

bas Francisco

Seatin

Serenarung

Kana gitmi

Singapore Homembeɔ

Swadow

pelay

Tainoky

Haiphong

Hankow Barbir Four Kour

(Peking)

Proing

Tokoba Zamboaner

Foreign Exchange and General Banking busines

Cadancurd...

Current Accounti operied- and Mixed Deponitu received for one year or aborier verkla, a which, will be quoted on applications.

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

32,170,492

THE CARGA MAIL-MONDAY, AUCI

ommerce.c Finance

LOCAL DOLLAR DECLINES

Silver Prices Fall

The local doliar has declined a farthing, opening on demand this morning at 1/M

"Spot silver fell 5/16 to 29% and forward to 29

The London on New York cross- rate was quoted at £-US$4- 975 as compared with £-US: $4.96% while the New York on London cross-rate was quoted at $US3497, as with S-US$497.

compared

EXCHANGES

TO-DAY'S QUOTATION

$11,000,000)

8,655,000 On Shanghai-

On demand On Singapore-

On demand

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

Foreign Exchange and Banking On Japan business of every description trans- On demand Current Accounts opened and Fixed On India- Deposits received for one year or shorter periods at rates which will be quoted on application.

acted.

Safe Deposit Boxes (various sizes) for hire.

LOOK POONG SHAN,

LOCAL SHARES

TO-DAY'S QUOTATION

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

Banks

H.K. Bank $1,180 n. HK Bank (London) £117 n. Chartered Bank £131⁄21⁄21⁄2 n. Mercantile Bank A and

$29

Mercantile C. 52% 1. Bank of East Asia $761⁄2 1.

Insurances

Canton Ins. $185′′r. Union In $385 11. China Underwriters 10 cts: ni China Fire Ins. $332 n. HK Fire Ins. $185. International Assce. $4 ́n

Shipping

Douglases $36 1- HK Steamboats $4 n. Indo-Chinas (Pref), $30 m. Indo-Chinas (Def.), $12 n. Shell (Bearer) 72/6 mi Union Waterboats $11 n.

Mining

Antamoks 791⁄2 cts. 1.

Baguio Gold $244 cts. n.

B.

Benguet Consolidated $1210_n- Benguet Exploration 13 cts. n. Benguet Goldfield 10 cts n

Big Wedge 8 cts. I Gold Creek 30 cts. z.

Gold River 7 cts.

Ipo Mining 90 cts. z.

On London-

On-T.T. and demand

1/11

4 months' sight Credits 4 months' sight

1/11%

2/1

132

844

Balatoes $18.

∙167

On T.T. and demand On New York-

131

On demand ::

49%

Credits 60 days' sight

51

On Batavia-

Chief Manager

On demand

7234

On Paris-

THE

On demand

Credits 4 months' sight...7&T

Kailan Mining Ad 12/6 n

INC

On Saigon

Langkats (Single). Sh. $14 1.

Head Office:-65. Broadway, New York

On demand

74

On Manila

On demand

98%

S'hai Exploration Sh.34 Shai Loans Sh. $54 n. Raubs $72 D

.

Capital

Surplus

Reserves

.U.S.$6,000,000.00 2,183,633.06. 870.731.05

On Bangkok-

Venz: Goldfield $2:30 n.

On demand

9334

Sovereigns bank buying rate 2/3

Docks, etc.

BRANCHES:-

Bar silver per oz..

29%

Art Bordaro

Genon

The Hague FTTRA Hamborg KATTE Reidehers Interlaken Jerungiem L

Milna

Saples

Marie

Bar silver in Hong Kong

nom

HK and K Wharves

$78 11:

Copper cash

1107

Copper cents

par.

Prining

Palermo

Rate of native interest..

3% pa.

Rotterda

Chinese Sab. Coin

33% dis

Bane Shanghai

Hong Kong sub. coin

par.

AMERICAN EXPRESS COMPANY,

Antwerp

Acheron Antonā

Benl

Barlies

Flamba? Bremen Bruncle

Calre Calcutta Cagnes Colombo Copeubagen Dublin Edinburgh Florezne Geners

Liverpool.

Lummet

LAMIN Lusor Marucities Xonte Carlo

Manila

Munich

Montreux

Southampton

Singapore

Tirsin

Tarsimit

TIP

Tenice Yokohama Zarich

Tiwarin Tokyo Vancouver Tokobuta Every description of Banking and. Exchmore BELINE STAZmicted. Loads peated on approved:

Current Accounts opened in Local Currency Transactions undertaken. and Fixed Deposits received for one your a shorter periods in Local and Formiga. Currencies a terth which will be quoted es application,

Safe Deposit Boizen To Le

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

All classes of Commercial Banking

KAN TONG, PO...

Chief Manager.

Personal handied.

investment

accounts

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

THE CHINA & SOUTH SEA BANK Department

LIMITED

(Incorporated in China)

Head Ofce

Capitel

Reserve

Branches

Foreign Exchange

Berian farmaciad

Shanghai

$7,500,000.00

$1,500,000.00 All Important Cities in China

and

Genesi

Banking

Castent and Saving Accoure opened and Pined Depositarved for one year or shorter periods

at rates which will be quoted on application

sot 2 CHANG,

Manager.

HONG TONG BRANCH:

24. Des Voeux Bood, Central,

Manager's Offen

Foreign Exchange Deph,.

General Office

Cashier's Office

22500

E. W. DUGGAN,

Manager

-7423

Itogons 36 ets. D.

Salacots 12 ets

HK and K. Wharves

$741⁄2 DL

US. SILVER POLICY IMMEDIATE

ACTION IS

DEMANDED

Senator Thomas Calls For Stabilisation

RESOLUTION FORMULATED FOR NEXT CONGRESS

Washington, To-day. Silver will be made an early issue at the next Congress as a result of the introduction of a re solution by Senator Thomas call- ing upon the Treasury to "pro- ceed immediately" with the Government's silver policy.

Senator Thomas said he would press for action on this resala- tion at the next session, begin ning on January. 3.

The resolution demands the con- tinuance of silver purchases until la ratio of 25 per cent, silver and 75 per cent. gold has been reached. (or a price of $1.29 has been attain- led. After this has been achieved the price should be stabilised by a "free sale and purchase of silver" at that price.-Beuter.

SOCIAL AND

ECONOMIC

ADVANTAGES

Preservation Sought By Roosevelt

LEGISLATION PENDING

Washington. To-day-

President Roosevelt has sent

letters to Mr. J. Harrison, chair-

NEW

KING'S ADVERTISEMENTS

TO-DAY AT 6 & 930 PM.

IN A CHANCE OF "PROGRAMME

HONG KONG RAVES:- The Tropical Express Revue Company sets a much higher standard than the Marcus Show.

DIOCESAN BOYS SCHOOL

Founded 1869 Hong Kong Headmasters Rev. CBR. Sar gent, M. A. Cantab

•Next term starts, on MONDAY,

September 9th at 3.30 am

New boys tests will be held on st SATURDAY, September th

-CHINA MAIL. ||9.00 am-

Speed and colour are the key notes of the Tropical Express Non-Stop Berne now showing at the King's Theatre to packed honses.

Entry forms, prospectuses and all particulars may be obtained from the Headmaster.

Telephone 67777

P.O. Box 33.

HONGKONG TELEGRAPH. A travelling "League of Na tions", the revne is one of the most attractive to come to Rong Tiusautions to sell by Public Kong and is well worth seeing.

-S.C MORNING POST.

Those who have not yet seen the show should not on any account. miss it as the "Non-Stop Revue* are an excellent company.

EK. DAILY PRESS.

Prof. WILLIAM DOORLAY'S

TROPICAL EXPRESS NON-STOP

REVUE

man of the Senate Finance) 45 ARTISTESI 24-

Committee, Mr. H. Doughton,

GIRLS!

chairman of the House of Re$00 COSTUMES: 101 SCENES!

NEW ACTS! NEW SONGS! (old) presentatives' Ways and Means Committee urging the prepara- (new) tion of legislation for the next

H.K. and W. Dock $9% sa Providents (old) 65 cts. 1.

RAW RUBBER PRICES New Engineering Sh. 4.

Latest Quotations From

Singapore

Messrs. H. B. Joseph & Co. have received the following Straits -Cur rency quotations from Singapore for Raw Rubber:

Spot 19% Down ; b, 19% s

October December 19 Down

14 by 20% s January-March (1936) 20%

Down by 20% April-June (1936) 214 Un-

changed 21343. Market: Nominal

THE WING ON BANK TREASURY OFFER

LIMITED

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

LONDON BANKERS:

Westminster Band, Ltd.

Foreign Exchange and every des-

IN AMERICA $100,000,000 In Bonds To Highest Bidder

Washington, To-day- The Treasury has announced

cription of banking business transact an offer of $100,000,000, at 1%1⁄2 per cent fully guaranteed

Current Accounts and Savings AcFederal Farm Mortgage Corpora- counts opened. Fixed Deposits retion bonds to be sold to the ceived at rates which will be quoted

They will be Special rates given highest bidder. on application. for Special deposits. W

dated September 3, 1935, matur Trusteeship and Executorship ming on September 1, 1939, and Safe Deposit Boxes for will be uncallable for redemption

before maturity-Reuter. PHILIP GOCKCHIN Chief Manage

THE YOKOHAMA SPECIE BANK dertaken.

LIMITED","

Established 1880

Capital (full paid-up) Yen. 100,000,000 Reserve Fund

Yen: 125,800,000

Head Offices YOKOHAMA Branches and Agencies at:

Alexandria.

Batavia

Berlia

Bombay

Calentia

Canton

Dairen (Dairy}|-

Nagasaki Nagoya New York Ossica

París

Peiping

Rangoon

Fenglien (Mukden) Rio de Janeiro

Hamburg

Hankow

Harbin

Hong Kong

Honolulu

Hsinking

Kerschl

Kobe

London

Los Angeles

Manila

Moji

allowed

Deposits. received rates to be obtai

San Francisco

Seattle Semarang

Shanghai

Singapore Sourabaya

Sydney Tientsin Tokyo

ngtan

hire.

L. GOCKCHIN L SEU FONG SOAK THE RICH" BILL GOES

Asst. Manager

Amt Manager

TO PRESIDENT

Washington, To-day The SHANGHAI COMMERCIAL & || $250,000,000 "soak the rich" bill has been sent to the White House SAVINGS BANK LIMITED

for the signature of Fresident Roosevelt, following the comple- tion of congressional action. Renter

(Incorporated in China)

Capital paid up 102 $5,000,000,

Reserves

$7,300,000. Capital Savings Dept $500,000) Eeserve Savings Dept. $600,000. Head-Office—Shanghai

A Bank having" as its amission. the industrial "development" on China and the fostering of her commercial relations, abroad," Hong Kong Office

2

7,Ice House" „St. Phone 31.481-2-3%

QUALITY

PRINTING

Is It Insured?

Providents (new) 20 cts. I. Hong Kew Sh. $240 n

Shanghai Docks Sh.$78 1.

Cotton MillE Ewo Cottons Sh. Shanghai Cotton

$65 n

D. (old)

session ou "preserving perman- lently to the nation such social economic advantages as and were gained through the pre vious emergency enactments,” including the National Recovery Administration

Mr.

Roosevelt declared that since the invalidation of the

DR. A. investigation had dis-]

Shanghai Cotton (new) $40 Zoong Sings. Sh. 381⁄2 1. Wing On Textiles Sh. $55 n.

Lands, Hotels, etc. HK and S. Hotel 3 b. HK. Lands $28 1.1

HK. Lands 4% Debentures $100

NEW DANCES!

101 Scenes in 180 Minutes!

ΤΗΣ

ADMISSION PRICES MATINEE$3, $2, $1, & 50 cts. Plus EVENING $3, $2, $1 Servicemen in Uniform MS. $1.50 BS. 70 cta. Children half Prices Matinee Only.

LOCAL NEWS BREVITIES

closed that, despite praiseworthy efforts by many of the employers to maintain the standards of em ployment, there had been indica-

The Hor Mr. D. W. Tratman, tions of a tendency toward the

C.3.G, Acting Colonial Secre serious impairment of the stary is in hospital, suffering from tablished standards by a minor- litye

stomach trouble.

PUBLIC AUCTIONS

THE Undersigned have received

Auction.

On

Thunday, the 29th August, 1935 commencing at 230 pm.

at their Sales Room,

Duddell Street

A Quantity of

VALUABLE HOUSEHOLD

FURNITURE

comprising:

--Bed Room & Dining Room Furniture,

Suiter Chesterfield Office Furniture. Electric Fans & Table Lamps, Omaments. Car- pets & Rugs, Clocks. Grama- phones and Records, Pictures, E. P. & Brass Ware, Hand Sewing Machine, Glass & Porcelain Ware, Ice Chest, Linen, Typewriters, ete etti

also

A Selection of Black Wood Furniture and One “G. E" Electric Refriger ator.

On View from Wednesday the 28th August 1935.

LAMMERT BROS.

Auctioneers.

Hong Kong, 26th August, 1935

THE

THE nadersigned have received

instructions to sell by Public.

Auction.

On

Friday, the 30th August, 1935 commencing at 10.30 am-

at No. 36. Hankow. Read. 1st Floor, Kowloon

A Quantity of VALUABLE HOUSEHOLD

FUENITURE

On View from Thursday the 29th August, 1935.

Terms: Cash on Delivery

LAMMERT BROS.

Auctioneers Hong_Kong. 26th August, 1935

Hong Kong rainfall for the 24. Thours ending at 10 am to-day was 0.78 inch. The total since January The President has sent the two

The RMS, Empress of Japan 1, has been 55.88 inches, as against Committees data "substantiating left Yokohama last Saturday and an average of 65.07 inches. this conclusion, and has asked is expected here next Friday mor

Shanghai Lands Sh. $201⁄2 1. Metropolitan Lands Sh. $10 n. the Committees to analyse during Humphreys $71⁄2 2. HK Realties $4. Chinese Estates $88 n, China Realties Sh.$4. China Debentures Sh.$123

the recess the information col-ing. She will leave on that after-

noon for Manila lected by the N. RA. He has!

Public Utilities H.K. Tramways $1260 n Peak Trams (old) $734 Z Peak Trams (new) $5% z Star Ferries $78 h. Yanmati Ferries $17.60 2. C. Light $8.40 2. HK Electric $59 sa Macao Bectrics $20 x Sandakan Light $5 s. Telephones (old)~$20.70 x Telephones (new) $3.20 n. China Buses Shi$111⁄4 n/ Singapore Traction 10/6 m. Singapore Pret. 22/6 b.

Industriala

Malabon Sugar $81⁄2 B

Alleged to have uttered a forged $10 bank note of the Chartered Bank of India, Australia and

also suggested that the Commit- The body of King Sui Wing, China, a Chinese seaman. Lá Xu, tees should meet in the autumn aged 28, who was drowned at. Re- was remanded for five days by Mr. for hearings for the formulation pulse Bay on Saturday, has been E L Wynne Jones at the Kowloon of the proposed legislation.

This will enable you to offer at recovered by the Police and sent to Magistracy this morning.

the Public Mortuary. the opening of the coming session

a well-balanced programme for congressional action-Renter.

CHINA'S ECONOMIC TROUBLES

Proposed Reform Of Currency

Peiping Some criticisms of the, peti- tion recently made to the Cen

012

Charged with being a stowaway.

Sui Sang The RMS Empress of Russia on board the s.s. is due at Nagasaki to-morrow Saturday, a Chinese male, Ying She will leave Yoko Chung-ngok, was fined $50, in de.. morning. hama on Saturday for Victoria fault one month's hard labour by Mr. E 1. Wynne-Jones at the Kow- and Vancouver, BC

loon Magistracy this morning.

The following appointments

The Women's Auxiliary of the are gazetted in London: Miss D. A. Sinclair to be Assistant Mis- Society for the Protection of Department, Children gratefully acknowledges tress, Education Hong Kong, Mr. RA. C. North the following donations per. Miss to be Cadet Officer, Class 1. Hong Helen Yu: Herr Gipperich, Ger

man Consul-General, $5; Anony- Konz

Mrs. Sours, of No. 14 Shan

mous $20: Anonymous, $20.

Wong Kong-tais boatman

this mornin

Cald. Macy. (Ord.) Sh.$131⁄2tral Government by Shanghai Kwong Road, reports that while Cald: Macg (Pref), Sh.$18 1. merchants for a reform of the driving car 2356 in Lockhart Road boat 3979 W was Canton Ices $1.80 n.

currency of China are voiced in yesterday she knocked down Li fined $2,000, Cements $3.10 1.

the Pelping Shik Chich Jih Peo. Ship Chung, of No. 12 D'Argular months hard Currency reform, in the view Street, who was removed to the Schofield at of this newspaper, is only an Government Civil Hospital suffer trac item in the need for reforms ing from an injury to his left leg 4sion and other action t

FK Ropes 2.15 1. Stores, etc. Dairy Farms $151⁄2 b. Watson 18:10 ALS Lane, Crawford $3 n. Mackintosh D Sinceres $5.30 D Wm. Powells 70 cts. 2. Wing On (HK)<$55 1.

Entertainments $4

Vibro Pi Ch

the economic depres now has the country It can only la cure

It Sha

gr

Ho Ngan Hing

Chinese fem

mitted to

tal su mouth knocked

poss