1935-08-29 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

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

Sterling £6,500,000 Silver$ 0,000,000. Reserve Liability of Pro

prietors

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 155%,

HEAD OFFICE: LONDON

Paid-up Capital 20,000,000 Reserve Fund

· HEAD OFFICE HONG KONG

BOARD OF DIRECTORS,

S.. Dodwell. Enqu

Chairman

CC Knight, Eng.

Deputy Chairman

V. 34. Graybarn, Eng-

Chief Manager,

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

A. H. Compton Esq.

3. I. Johnson, E3

Hon. Mr. II. Paterson,

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

ΑΠΟΣ

BANGIOX

BATAVIA

BOMBLY

CALCETTA

CANTON

CHEFOO COLONDO DAIRES

FOOCHOT

HAIPHONG

HAMBURG

HANKOW

HARBIN

HONGKET

IZOIZO

Tron

JOHOR

FOBE

KOWLOON

A.

BEANCHES

LONDON LYONS

MALACCA

MANILA

MUAR (Jobore) MUKDEN

NEW YORK

PETPING

PENANG BANGOON

SAIGON

SAN FRANCISCO

KUALA LUMPUR

SINGAPORB

SOURABAYA SUNGEI PATANI

TIENISIN.

TVRYO

TSINGTAO YOKOHAMA

Current Accounts sprzed in Local Currency and Fixed Theposita received for con year" or shorter perind Loral Currency and. Stering cu termen which, will be quoted on application...

Hong Kong, 6th April, 1935.

HONG KONG SAVINGS BANK

The Buns of the shore Banir is conduct. ed by: the 32ONG KONG AND SHANGHAI BANKING CORPORATION. Baire con ba obtained on application,

FOR THE BONG KONG-AND SHANGHAI PANKING CORPORATION:

TX GRAYBURN.

Chief Maraget.

Bong Kong, February, 1

Reserve Liability, of Pro-

prietors

£3,000,000

THE CHINA MAIL, THURSDAY, AUGUST 29, 1935

Commerce and Finance

LOCAL DOLLAR STEADY

,000,000 Forward Silver Down

LES,000,000

•

Agencies and Branches:

Boile

Ipol

Karachi

Amritsar

Bangkok

Batavia

Bomba

Chera

Klaag Robe Kodia

Canton

Cabs

Cawnpore

Colombo

Kerhing Madvan Mogila

Harphong

Bamberg Piaskow Barbar

Beeg Koor

Medan Now York Peiping

(Pobeg)

Fangoon Raigon

Semarang berban Shanghai

Singapore Sitiawan Jared IJsDia Jus

Taiping Dentis

Jonskal

(Bangker)

Tsingtao Sokohama Zamboanga

Forrige Emiangs and Gucara? Banking business

trezenced

Current Accounts opened and Fixed Deposits Troved for one year or aborime wriods at Tales, which will be quoted on applicazion

THE BANK OF CANTON, LTD.

Established 1912.

Head Office:-Hong Kong.

Authorised Capital Prid-up. Capital Total Resources

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 Fixed Deposits received for one year ar shorter periods at rates which will be quoted on application.

Safe Deposit Boxes (various sizes) for hire.

LOOK POONG SHAN,

Chief Manager

1

The local collar is steady, open ing on demand this morning at 1/1134.

"Spot" silver was steady at 29, but forward” declined to 25 13/16-

The London on New York cross- rate was quoted at US$4- 97 as compared with US- $1.97% while the New York on London cross-rate was changed at £-US$497%-

EXCHANGES

TO-DAY'S QUOTATION

1304-

1/11%

Credits 4 months" sight...2/A

LOCAL SHARES

TO-DAY'S "QUOTATION :

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

Bankı

HK. Bank $1060n.

REDUCTION IN RATES

Two Companies Reply

To Petition

NO DETAILS DIVULGED

DEVELOPMENT

OF POPULATION

IN OCCIDENT

Demographic Congress In Berlin

POSITION IN GERMANY AT TURNING POINT

KING'S

LAST TWO DAYS:

A NEW PRO- GRAMME

CONSISTING

“LIVING MARBLE” (Reproduction of World

Of the four companies, to whom a week ago petitions were sent by the Chinese General Chamber of Commerce for a reduction in their

← CHINA MAIL."-SPECIAL respective rates, only the Hong

Berlin, To-day. Kong Electric Company, Limited, At the first plenary session! and the China- Light and Power of the International Demo- Company Limited, have replied. gaphic Congress, the Director Mr. D. W. Munton, manager of cf the Reichs Statistical Office. the China Light and Power: Com-Doctor Burgdoerfer, addressed B. pany, Limited, admitted that a re-the assembly on the develop İply has been forwarded to the ment of population in occiden

Chamber, but refused to state the tal countries, with particular "THE HUMAN SHELL” nature of the reply, when inter-reference to Germany. viewed by the China Maz yester-

I

-

HK. Bank (London) £1061⁄2 Chartered Bank 113% Mercantile Bank A and

£2975

"Mercantile C^£123⁄41⁄2 1.

Bank of East Asia 3761⁄21⁄2 The

Canton Is. $185 1.

Union Ins. $3871⁄2 SE Chinn Underwriters 10 cós. 11. China Fire Ens. $382 n. HK. Fire Ins. $185 1. International Assce. $4 n.

Shipping

Douglases $36 n.

HK Steamboats 34 n- Indo-Chinas, (Pref.), $30 il Indo-Chinas (Def), $12 m. Shell (Bearer) 71/3 n. Union Waterboats $11.

Gold Creek 30 cts. 1.

A. BREARLEY,

Manager. Hong Kong, 1st January, 1935.

| On London—

On T.T. and demand

4 months" sight.

On Shanghai....

On demand

131

On Singapore---

On demand

$334

$11,000,000 8,655,000 32,170,492 On India-

On Japan

On demand

165

On TAT. and demand

129%

On New York-

Mining Antamoka 7914 cts. D.' Balatoes $18.

On demand 2.

48%

Credits 60 days" sight

50%

On Batavia--...

Baguio Gold $241⁄2 cts. n. Benguet Consolidated $1210 n- Benguet Exploration 13 cts. n.

On demand

7135

Benguet Goldfield 10 cts n.

On Paris

Big Wedge 8 cts.

On demand

735

Credits 4 months" sight

780

Gold River 70 cts.

-

On Saigon

Ipo Mining 90 cts. I

On demand

.7334

Itogons 36 cts, n.

On Manila

Sälacóts 12 cts

On demand

972/2

On demand

944

Beserta and Cadivided. Prodite

2,480,300,0T Į |

INC.

Bar silver per oz

..29

Shai Exploration Sh$41⁄2 D. Shai Loans Sh. $54 n. Ranhs $71⁄2 n

HEAD OFFICE:—HONG KONG

Bar silver in Hong Kong

nom

Venz; Goldfield $2.30 m.

30. Des Test Road Central.

Head Office: 65, Broadway, New York

Copper cash

HOM

2

Copper cents.

Li Lan

Capital

US$5,000,000.00

Surplus

2.183.633:06

870.731.05

Rate of native interest... Chinese Sub. Coin Hong Kong sub, coin

par. 3% pe 33% 'dis.

par.

Docks, etc. HK and K.. Wharves

$78 n.

Anistondan

Gence

M

Antwerp

Gecom

Sine

Athena

The Hague

факсова

TEXTADA

131

Dani

Fambere Ha

Iridelberg inheritan Jamselem

Priping .Palermoo

Rotterdam

shanghai Southampton

pore

Timeta

Tomina

THE BANK OF EAST ASIA, LTD.

Authorized Capital

Paid-up Capital

THE

On Bangkok-

5000.00 AMERICAN EXPRESS COMPANY, Sovereigns bank buying rate 2/-

$70,000,000.00

BOARD OF DIRECTORS:-

Sir Chooson Chow; Cho Made

Là Looe Chas. Esq P. E Kwok. Eng., Fond Yua Tong. En Chan Ching Sitek, Ealy Sabe. Eng. Trong Chu Son. Eg, and hat Zing Po. Eng.

En Tong Po. Esq., Chat Masager.

Li The Force. Ex Sannger.

·BRANCHES AND AGENCIES:-

Melbourne

Stazapore Sourabaya

Reserves

BRANCHES

Tartin Bombay Bretten

Almos

Manil

Bairie

Bombay

Nac

Soun.com

•Catterie Canton Baphong Hankow Hondivin Eobe Fovidon London

Ker York

Onits

Paris

Trips

dowy

Tumela

F+Dail

Tashoku

Chiro

FK

varia Tokyo

Calcutta

bab Fescisco

Vancouver

Jokohams

Every description of Basking and Exchange bustoria trapnacted. Loans granted on approved securities, PVN

Current Accounts opened in. Local Currency and Pized Deponite masived for one your shorter perioda in Local and Foreign Currencies De term which will be quoted ou "applicatica.

Safe Deposit Base To Let

KÁN: TONG PO,

Chief Manager.

CARACA Chinmho Copenhagen Porbin Thinburgh Hntrace

GITH

Linden Liverpool Lowe INBO

Maritima Monte Carlo Maci

Montrax.

Napire

Tohmats Zunch

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

FUR TRAPPERS RESCUED

NORWEGIAN SHIP IN TIME

PLANE AND MOTOR-BOAT FORCED TO RETURN

**CHINA MAIL" SPFCIAL

Copenhagen. To-day.

The four trappers who had been marooned on an icefoe for several days have been rescued by the Norwegian. ship. accounts Buskoe. Reuter

All classes of Commercial Banking Transactions undertaken.

Personal -investment

THE CHINA & SOUTH SEA BANK, handled.

LIMITED

(Incorporated in China) Head Office ...Shanghai

Capital

Beserve

Branches

Foreign

Exchange

·Business transacted..

$7,500,000.00

$1,500,000.00 All Important Cities:

in China

and General

Banking

Corrent, and Saving Accbante opened and Fized) Deposita encerred for ace your or shorter periods minates which will be quoted on application.

SOU Z. CHANG,

HONG KONG BRANCH:

Kanager.

24. Des Voeux Road, Centres).

Kanager's Office

Foreign Exchange Daph

General Offer man

Cashier's Offica

.......Tel 25585

An earlier message from Trans. Ocean stated that all attempts to The Company offers to intending rescue the four Danish fur-hun- Travellers the use of its "Travellers Cheques" and Letters of Credit and ters, who were cut off by ice on addition, the world-wide services Greenland, had hitherto proved of its thoroughly equipped Travel in vain. Department,

E W. DUGGAN.

Since Tuesday the Small Manager, transmitter carried by the lost trappers had ceased working, "Got- thaab" failing to receive any re- ply to its numerous calls. This

THE WING ON BANK silence did not necessarily

LIMITED.

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

LONDON BANKERS:--

Westminster Band. Lad.

mean

that a new disaster had overtaken the castaways but rather that the petrol used to work the transmit- ter had become exhausted.

· PLANE FORCED BACK The Danish Naval Ministry an- nounced yesterday that the aero plane, Dawport, piloted by Lieut.

THE YOKOHAMA SPECIE BANK Foreign Exchange and every des- Rasmussen and Lient. Reemann.

UIMITED

Established 1880'

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

Head Office:-YOKOHAMA

Branchez and Agencies åke

Alexandria.

Batavia

Berlin

Bombay

Calcutta

Canton

Nagasaki

Nagoya

New York

Osaka

Paris Peiping

Dairen (Dalay) Pangoon Feng-tien Minkden) Rio de Janeiro

Asinking Karachi Kobe

ed

Kallan Mining Ad 12/6 I. Langkats (Single) Sh. $14 n.,

He reminded his hearers that day

since the year 1800 the world's The manager of the Hong Kong population had increased from China Gas Company stated that 600,000,000 to 2,000,000,000, while the Chamber's petition will be dis-at the same time the population cussed at the next committee of Europe developed from 175- meeting, which is scheduled to 000,000 to 500,000,000.

Famous Masterpieces)

"TORVEVUE IN MONTEVIDEO”

ETC, ETC. ETC.

take place during the third week Nevertheless, it would be" ins of September. A full reply will correct, he said, to specify the probably be sent to the Chamber population, because in the same Prof. WILLIAM DOORLAY'S in the month of October.

period the capacity of the world.

When interviewed yesterday, to support the population in- Mr. Wong Kwang-tin, the Chair-creased in far greater proportion. man of the Chinese Chamber of

NO LACE OF FOOD Commerce, stated that he could, There was no lack of food and not disclose the contents of the industrial products, but rather [replies of the two Companies, as the - contrary. The earth to-day the remaining two Companies might support from 8000,000,000 have not yet sent in their answers to 10,000,000,000 people.

The modern population (pro-

US. PROTEST TO blem, said the speaker, arose

MOSCOW

Note Rejected By Soviet

KRESTINAKI DENIES BREACH OF OBLIGATION

*CHINA MAIL" SPECIAL

Moscow, to-day. Soviet Russia's answer the United

through the decline in the birth- rate. which in 11 Germanic cotin- tries, excepting Holland,” bad reached the stage when births no longer sufficed to maintain the population at its existing state.

The balance could be adjusted by reducing the mortality, but this no longer suffices to prevent the population decrease.

PROBLEM IN GERMANY

TROPICAL EXPRESS NON-STOP REVUE

|||45 · ARTISTES! 24 GIRLS!

In the new Germany the results 800 COSTUMES: 101 SCENES! of attacking the problem can bé --NEW ACTS! NEW SONGSI

to seen from the facts that in '1932;

NEW DANCEST

101 Scenes in 180 Minutes!

ADMISSION PRICES

States protest the number of marriages Was note Was handed Over on only $10,000, and in 1933 only Tuesday by M. Krestinaki, and de- 631,000. The children born liv- (old) clares in peremptory terms that ing were about 2,000,000 yearly at

Government the beginning of the century, but MATINEE $3, $2, $1 & 50 ets. Plus the Soviet Russian always discharged with punctili-by 1933 only 957,000, and by 1934 EVENING $5, $2, $2. ous exactitude all obligations.up-again 1,181,000-

H.K. and K Wharves (new)

$74

H... and W. Dock $94 1 Providents (old) 55 cts. 1 Providents (new) 20 cis. IL Hong Kew Sh. $240 n. New Engineering Sh. $4 n. Shanghai Docks Sh.$78 n.

Cotton Mills Ewe Cottons Sh.35 m Shanghai Cotton (old) · Shi

$65 TL Shanghai Cotton (new) $40 Zoong Sings Sh. $81⁄2 n Wing On Textiles Sh. $25 n Lands, Hotels, etc.

Tax

dertaken, including that of the This result, the speaker con-Servicemen in Uniform-MS. $1.50

mutual agreement to refrain from tinued, indicated the fundamental interference in the internal affairs turning point in the German of each country, as foreshadowed in demogaphic development, such as the exchange of notes on Novem-no other country in the world or ber 16, 1933, and the negotiations in history has anything compar

offer. Trans-Ocean, Ser- between President Roosevelt and able to

vice. M. Litvinoff.

M. Krestinaki declares that the

United States note of August. 5 NEW YORK STOCK

n. mentions no facts that denote the violation of obligations under- taken by the Soviet Government. On the other hand, M. Krestinaki continues, it is beyond doubt nothing new to the United States HK Lands 4% Debentures $100 Government that the Soviet G07-

H.X. and 5. Hotel $31⁄2 n. HK Lands $28 n..

Shanghai Lands Sh. $201⁄2 n.

erament accepted, or, could accept no responsibility concerning the Metropolitan Lands Sh. $10 n. Communist Internationale, g

Humphreys $751⁄2 m/ HK Realties $4. Chinese Estates $88 m. China Realties Sh$4 n. China Debentures Sh.$123

Public Utilities: HK. Tramways $12.20-n. Peak Trams (old) yes n. Peak Trams (new) $5% n Star Ferries $781⁄2 1. Yaumati Ferries $17.60 n. C. Light $8,30 z? HK Electric $581⁄2 1. Macao Electrics $20 Sandakan Light $32. Telephones (öld) $201⁄2 1

Telephones (new) $8.20 1. China Buses Sh$11 D. Singapore Traction 10/6 n. Singapore Pret. 22/6 b.

Industrials. Malabon Sugar $81⁄21⁄2 n. Cald., Macg, "Ord:) Sh.$191⁄2 Cald: Macg, (Pref.), Sh. 13 n. Canton Ices $1.80 n Cements: $280 H.K. Ropes $2.15)

Stores, etc. Dairy Farms $15.90 ss. Watson: $3.05 b. Lane, Crawford $3 2. RAW RUBBER PRICES Mackintosh $7 n-

cription of banking business transact- which was attempting to reach Current Accounts and Savings Ac-the trappers, was forced by bad counts opened Fixed Deposits re-weather to turn back and land at crived at rates which will be quoted Scoresby Sound. Special zxtes given on application.

The ⠀⠀ latest wireless messages for Special deposits.

from the Gotthaab state that the Trusteeship and Executorship -a12- dertaken. Safe Deposit Boxes for large motor-boat sent out hire.

also obliged to return without PHILIP GOCKCHIN

having / accomplished. anything. Chief Manager

since the ice and weather condi- LGOCKCHIN LA SHU FONG tions made progress impossible.

Asst. Manager

Asst. Manage

SHANGHAI COMMERCIAL

SAVINGS BANK LIMITED

Incorporated in 'China).

Hamburg

Hankow

San Francisco

Seattle

Harbin

Semarang

Hong Kong

Shanghai

Honoluin

Singapore

Sourabay

Capital paid any

9,000.

Reserves

London

Los Angeles

Tsingtan

Madis

Yingkow

Moji

-Int-estilow

Capital Savings Dept Beserve Savings: Dept"

A Bank the-induri

.000.

Hou

was

Latest Quotations From

we Singapore

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

Spot-19 Up b. 191⁄2 October-December: 19%/Up%

b, 20 s

-Sinceres $5:30

Wm. Powells 70 ets. Wing On (H.K.):355 7.

Miscellaneous - Exitertainments 34 no SC Enterprises, $155 x. Macao "Greyhounds, 12 m. Constructions -(old) $1.10 Constructions (new) 25 cta, 1. Vibro Piling $n Ch. Govt." 5% 1925. G#Bi

90% m

January-March (1936) 20% Up HK. Gort 4% Loan £3⁄41⁄2%

J% by 2034

April-June:

21% Ung HK

changed 21% Market:-

Wallace Harpers

MARKET

Further Liquidation

Anticipated.

BUT NO SERIOUS DECLINE OF PRICES

Nothing can be shown to the effect that a breach of obligation from the note of November 16, 1933 had occurred. The note pandents for Messrs. White Wald states that for these reasons the and Company, New York, state United States note must be reject ed-Trans-Ocean. Service.

In their market report, Messrs | IS E Levy and Company, corres-

EMBASSY STAFF REDUCTIONS

“Stocks:-In spite of a down- ward tendency at the opening, the markets closed rather firm

A later message from Moscow Farther adjustments are expect- states that for the second time this led with great irregularity in

Though fur year the United States Embassy, price movements.

staff will be considerably, reduced, ther liquidation is anticipated, according to despatches just re- we do not think that prices will ceived, from Washington.

Que decline seriously. Business done: Besides the Ambassador him-1,390,000 shares. self only three other officials will remain at the post. All other members of the Embassy staff are The following quotations were expected to leave Moscow in the received by Reater course of this week. Trans- Ocean Service.

(Continued on Page (9)

Latest Quotations

NY./London

Cross-wate

PO. ENTERPRISE REWARDED NY Cotton Oct.

the

Frey. To-days

elose - alosa

1031- 11.81 87% 70%**

10:69 N.Y. Rubber Sept. . 1178. London, to-day

10 Chicago Wheat Sept. 88

Chicago Coun Sept.2 73. weeks since the Post Office made Montreal Silver Dec. 65.70.65.60 its reduction of inland telegraph Silver Official -... 65% 65% charges, 2,128,000 more telegrams Dow Jones Averages have been despatched, than in the 20 Industrials 126.81 126.61 20 of corresponding period of last year, 20 Rails 34.73 24.68 206 on 20.Utilities 24.18 24.2618 up showing an increase of 294 per 40 Bonds 96.05 95.91- 14 out cent British Wireless Service 11 Commodity

DALLAS OIL BILL SIGNED BY ROOSEVELT

Washington, to-day

sident

Roosevelt yesterday signed tine Dallas Oil

REICHSI

en Indexes (62.80 | 52.69 #11.01%

Business Done: 1,390,000 sisares.

BRITISH RETAIL TRADE SALES INCREASEN

London,

by which the chief States agree to limit the retail trade of crnde oll to prevent 6.7 per cen

1934

1935

QUOTATIONS

[year.

** BS 70 ets

Children' half Prices Matinee Only.

Everything

gone..BUT YOUR SAVINGS

RENT

FOOD

CLOTHING

HEAT

TAXES

WATER

CHITS

SAVINGS

SAVE SOMETHING.

START NOW

UNDERWRITERS SAVINGS BANK

FOR THE FAR EAST, INCA

Asia Life Building Eone Kont

Is it

20234

Insured?