1935-08-30 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised Capital Issued and Faily Paid-up Reserve Funds:

Sterling Silver

€ 6,500,000 $ 0,000,000 Reserve Liability of Pre-

prietors

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

$50,000,000

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

HEAD OFFICE BONG KONG.

HEAD OFFICE: LONDON

Paid-up Capital 20,000,000! Reserve Fund

Reserve Liability of Pro

prietors

£3,000,000 £3,000,000

£3,000,000

Agencies and Branches:

Alor Star

Пойс

Banguor

Acribunt

Ipak

Saigon

Bangkok

Tesaria Reen bay

Klang

Fobr

Shanghai

Dicemia

Singapor

·Canton

Laiterput

Sitiawan

Cawnporn

Kuching

tumb

*nd-na

Taiping

Manila

Tiramis

Medan

Tongkah

Haiphong

New York

Hamburg

Peiting

Ranko Farbin

(Peking)

BOARD OF DIRECTORS.

H. Dodwell, Eng..

Chairman

Ce Knight, Esq.

Deputy Chair

V. M. Grayburn. Bag.,

Chief Manager.

W. H. Bell, Esq., K. S. Morrison E34, Calenda

AH. Compton Esq.

MT. Johnson, ESQ=| C>b« Hon Mr. J. Paterson, G. Miskin, Esq. T. E Pearce, Esq Dri

ANOT

COLO DAIRES FOOCHOW

HAIPHONG

KAMEMEG

HANKOW

HARRIX

FONGKEW

TOLO

IPOH

JOROLE

KORE

KOWLOON

BRANCHES

LONDON

LYOSS

KALACCA

MANILA

MDAR (Jonore)

MUKDEN

NEW YORK

PEIMING

PESANG

RANGOOS

SAIGON

SAN FRANCISCO

„KUALA LUMPUR

SHANGHAY

SINGAPORR

· NÕURABAYA

SUNGEL TATANZ TIENTSIN

TORTO

TSINGTAO TOKOHAMA

Curings, frenante engrand in Lock] Curreare and Find! Thaite pour? Try one that of where thei- in Imeul "'urmarg and Sterling THE MOSTY What will be granted in montia vm zárum.

Hong Kong, 6th April 1935.

HONG KONG SAVINGS BANK

Tim Bernd whithm when Henk in, conduct ed by the BONG KONG AND SHANGHAI Itules may be BANKING CORPORATION. obrand oli

FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION,

V. GRATHORN

Chef ManagET-

Bang cash Forwary, KAKS,

Colombo

Karachi

Pesang

Semarang

(Bhaker) Taingia Yokoha Zamboanga

Hong Konr

Forrien Exchange and Geneva Baaking Donis Current Accorate oproed and Fixed Depot

the beartand

stand for or tear or shorter periods. at. Tim which will be quoted an application,

Manager

A. BREARLET,

Hong Kong, 1st January, 1935.

THE BANK OF CANTON, LTD.

Established 1972.

Head Ofce:-Hong Kong

Authorised Capital Paid-up Capital Total Resources

$11,000,000

THE CHINA MAIL, FRIDAY, AUGUST 30, 1935

Commerce and Finance

BANK RATE LOWER IN HUNGARY

Economic Enterprise

Promotion

* CHINA MAIL" SPECIAL

Budapest, To-day.

since The bank-rate. which October 18, 1982 has stood at 4 per cent, was lowered to 4 per cent by the general council of the Hungarian National Bank as from the Lombard yesterday, while

rate was also reduced from 5 per cent. to 4 per cent.

The motives prompting this: step were firstly the development of the market, and secondly the necessity of promoting economic enterprise by lowering the cost lof credit-Trans-Ocean Service

LOCAL DOLLAR STEADY

Silver Prices Firm

8.555.000 The local dollar is steady, open- 32-170.622 ing on demand this morning" at!

1/11.

Branches: Canton, Tokhan, Shanghai Hankow, Bangkok & San Francisco. Loodon Bankers: Lloyds Bank Ltd.

Foreign Exchange and Bank business of every description trans- acted

“forward"` silver "Spot and prices were steady at 29 and 28

13/16, respectively.

The London on New York CrOSS-

quoted at £-US$1.-)

with compared US$4.97, while the New York

∙as

Current Accounts opened and Fixed rate was Deposits received for one year or 97. shorter periods at rates which will be quoted on application.

Safe Deposit Boxes (various sizes) on London cross-rate was quoted lat £-USS4.9774. as compared for hire.

with US$4.9776.

LOOK POONG SHÂN,

THE

INC.

Chief Manager

THE BANK OF EAST ASIA, LTD.

Authorized Capital

Paid-up Capital

$5.TOKSINIO AMERICAN EXPRESS COMPANY,

Brand Undivided 1 Site $ 2,420,000.00

HEAD OFFICE:-HONG KONG

20. The Voit keer 'ntral,

BOARD OF DIRETTOFA:-

Sir Seussion Chen, Cha, D.

Li Enn Chan, E. P. K. Bows. Eng. Vong: Yun Toos. Exq, Chan Ching the Emp. In L Face. Eut Hinny Chu Son Eug and Exo Tingi Po, Eng.

Kan Tour Pa Eag. (hief Manager.

Li Te FooR. Eng.. Manager.

BRANCHES AND AGENCIES:-

Head Office:-65, Broadway, New York

Capital

U.S.$6,000,000.00

هذه الحد الله

نگورها

A mot

Batavia

Meilearne

Pembay

Calcutta Canton

New York

rimera

Setting Abannabi SzAgapore Surabaya SHALOME

Haiphong Haskow Honolulu

Sim

hydory.

Penang

Kobe

Ba

Kuw!con Landun

"Þan crancised

Tridoru

Ticoma Такую Kancouver Yokohama

Every dewríption of Backing and Exrbeogr baniziran tracted. Losna granted on approved

Gesinitions

Current ecounts opened in Local Currency and Fixed Deposita terzised for one year or aborter period in oral and. Foreign Currencies on which will he quoted, on application

Sair Deposit. Poses To Let

KAN TONG PO.

Chiel Manager.

Aha

Annual Banten Berlin

Tambay Kremen

mamela Cairo

Calmat

CADDIN Colombo Copenhagra Putin Flintegk

Florence GeDers

Faidathers Interiskey Jergraiem Landor

Priping Palermo Rotterdam. Pare

EXCHANGES

TO-DAY'S QUOTATION

4854

LOCAL SHARES

-TO-DAY'S - QUOTATION

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

Banks

H.K. Bank S1060 1. H.K. Bank (London) $106 n. Chartered Bank £13% - Mercantile Bank A. and

$29 Du

Mercantile C £123⁄41⁄2 D' Bank of East Asia $761⁄2 n.

Insurances

Canton Ins $185 m.

Union Ins. $38215 b. a China Underwriters. 10 ct the China Fire. Ins. $382 ni EK Fire Ins. $155 International Assee. $4 milia

Shipping

Douglases $36 n HK Steamboats $4 n. Indo-Chinas (Pref), $30 n Indo-Chinas (Def.). $12 m. Shell (Bearer) 71/3 n. Union Waterboats $111⁄4 n

Mining

Aatamoks 78 cts. sa Balatoes $18 m

INDO BURMESE

THREE YEAR

TRADE PACT Effectivem Separation

ENTRY OF GOODS TO BE UNRESTRICTED

London, To-day. A three-year trade

ayree- ment has been reached between to become India and Burma,

effective on the date of the bat- ter's separation from India.

The agreement provides that B. Indian goods shall enter Buzna unrestrictedly and free of duty and vice verse, also that the tariff schedules operating at the date af separation shall remain

Baguio Gold $2434 cis. n. Benguet Consolidated $1210 n- Benguet Exploration 13 cts, ne Benguet Goldfield 10 cts n Big Wedge S cts. Gold Creek 30 ets. Gold River 70 cts. 2. Ipo Mining 90.cts. Itogons 36 cts. 1.. Salacots 12 cts

Kallan Mining Ad. 12/— '1- Langsats (Single) St. $14 n. S'hai Exploration Sh$11⁄4 n Shai Loans Sh. $51⁄4 n. Raubs ST

Venz: Goldfield $2.30 m

Docks, etc.-

HK and K Wharves (old)

$TS D

NEW ADVERTISEMENTS

BANK HOLIDAY

N Accordance with Government

A. S. WATSON & CO., LIMITED.

NOTICE

BANKS will be CLOSED for the On MONDAY, the 2nd September, Transaction of Public Business all Departments will be CLOSED.

The Hongkong Dispensary. on MONDAY, 2nd September 1935. (The First Monday in September).

August Hong Kong: 29th

1935.

NEW YORK STOCK

MARKET

Pause To Re-appraise Business Outlook.

- Dispensing Department. will be OPENED for dispensing prescriptions from 10 am to-1 p.m. and from 6 pim. to 7.30 pm.

The Kowloon Dispensary will be OPENED for business from 10 am to 1

PEAK TRAMWAYS COMPANY,

* LIMITED

NOTICE

and after 1st. September

effective in both countriFURTHER LIQUIDATION MAY east strand plumber

BE EXPECTED

at 12.15 am. No late cars will be available after this hour. Special cars by arrangement in writing not less than twelve hours

(either country from other coun- im- tries, though. duties upon ported goods may be lowered by In their market report. Messrs. | agreement.

SE Levy and 'Company, cerres-at

If India after the expiry of pondents for Messrs. White Weld notice. the present Indo-Japanese cotton and Company. New York, state: JOHN D. HUMPHREYS & SON, agreement, reimposes a limit on

"Stocks: Now that Congress has

the importation of Japanese adjourned the market is pausing piece goods, Parma shall during to re-appraise the business outlook. the currency of the trade agreeNo serious decline in price is anti- ment with India limit the impor- cipated though further liquidation tation of such goods into Burma

to a quantity not exceeding that is expected. Business done: 900,- imported in 1934-1935--Reuter:

RAW RUBBER PRICES Latest Quotations From

Singapore

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

Spot 19 Up b. 19 g s October/December 19 % Up

b 2018- January/March (1936) 20

-Up by 20% s

7

1000 shares.

(Continued on Page 15.)

Latest Quotations

The following quotations were received by Reater:-

Prev. To-dayma

close *

NY/London

cross-rate

Cotton Oct.

1974 10.61 16.AT

197

1181

11.29

70%

71

65.29

Y. Rubber Sept. Chicago Wheat Sept. 87% Chicago Corn Sept. Montreal Silver Dec. 65.60 Silver Officia!

30 Industrials 126.61 126.95 20 Rails

18

1269

65%

Dow Jones Averages

40 Bonds

***

34 up 34.68 34.83 .13 ap 24.36 24.88 52 up 11 off 95.91 95.80 11 Commodity

Index

*52.69 52.63 .06-of Business Done:-900,000 shares,

April/June (1936) 21 14 Up 420 Utilities

b 21 24 s Market: Steady.

H.K and K. Wharves (DE) BERLIN SHARE

$743% D HK and W. Dock 59% n. Providents (old),55 cts. n. Providents (new) 20 cts. n. Hong Kew Sh. $240 m New Engineering Sh. $4 n. Shanghai Docks Sh$18

Cotton Mills

¿

MARKET

Outlook Declared To

Have Improved

CHINA, MAIL" SPECIAL

Berlin, To-day. Though the public are very cautions,

General Managers.

REMINDER.

KOWLOON GOLF CLUB.

THE

HE ELEVENTH ORDINARY ANNUAL GENERAL MEET- ING of the Kowloon Golf Club will be held in the West Lounge. YMCA Kowloon, TO-DAY at 6

W. STOKER. Hon. Secretary.

•KING'S•

LAST TWO SHOWS TO-DAY

AT 6 & 9.30 PM. ONLY

TO HONG KONG AND HER PEOPLE Before leaving Hong to-morrow for Japan i beg to

Foxx

COMMODITY PRICES express my hearty thanks to the

The following quotations have been received by Reuter.

Prev. Yesterday Closing Closing

proved. and have consequently January (1936) proceeded replenish (holdings, buying all the

public of Hong Kong for the wild and warm reception they accorded to me and my company. I thank also the authorities, the press and fanagement of the King's Theatre who give me the possibility to present my show in Hong Konga Wherever I go around the world, I shall always remember and talk about this country and her sympathetic people.

On London-

On T.T. and demand

4 months' sight

1/114 1/11

Credits 4 months' sight...2

On Shanghai.

Surplus Reserves

2.183.633.065

On demand

131

$10.731.05

On Singaporeuma

BRANCHES:

On demand

8334

Amerende

Antwerp

Glangor The Harus.

"On Japan-

Kaples

On demand

1654

Hamburg HA

On India-

On T.T. and demand

19916

On New York-

On demand

Sevet harpton

Torete

—:depre

Credits 60 days" sight 1... 5034

Ewo Cottons Sh.S52 n. Shanghai Cotton

(old) Sh

Tresno

That-it

On Batavia—“

Juzor

Tuomin

$65 1.

still New York Cotton:- operators judge October

im-¡December that the outlook so far has

Monte Carlo

Musta

Kenna Tenier Tokohama Zurich

On demand

7136

L

On Paris-

'On demand.

735

3Concreat

Credits 4 months" sight

780

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

to

their March

10.54

·10.61- 10.47 10.50 10.42 10.30 10.43 10.49

more May

10.55

10.51

10.5%

10.51

On Saigon

On demand

73%

HK. and S. Hotel $3 n. H.K. Lands 523 IL.

10.95

10.80

11.81

On demand

9714

accounts

On Bangkok- On demand Sovereigns bank buying rate 2/-3%

11.89 12.01. 12.13

Shanghai Lands SE $201⁄2

.1208

12.20

9424

Humphreys $7% n.o

29

H-K. Realties $4 1.

Chinese Estates $88. n.

of Friedrich Krupy of Essen.

Fixed interest securities were firmer all round except gold Chicago Wheat: mortgage bonds, which were September about a quarter of a point lower. December Call money was at 2.7/8 per cent. May

Trans-Ocean Service.

March

12.22

May

1235

12.33 12:46

$74

89%

$9

90%

90%

Chicago Com

¡September

7034

71

December

574

563%

May

58%

58

If

you

Winnipeg Wheat:~~

85

84

83%

82%

83

82-%

Branches

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

All classes of Commercial Banking Transactions undertaken.

Personal

THE CHINA & SOUTH SEA BANK, handled.

LIMITED

corporated in China)

Head Office ...Shanghai

Capitel

Reserve

Branches

Foreign

$7,500,000.00 $1,500,000.00

All Important Cities)

in China

Exchange and

Business travmarted.

General

"

Banking

Curret Sering Arcounts opened and Fixed "Deponite recited for one year or skorter periods

at rates when will be quited on application,

SOU.Z. CHANG..

Msanger.

THONG KONG BRANCH:

24, Dan Voruz Bood, Central.

Manager's Offer

Foreign Exchange Dept.

General Dic

Caibjor's Office

SI566

investment

On Manila-

The Company offers to intending Bar silver per oz. Travellers the use of its "zavellers Bar silver in Hong Kong Cheques" and Letters of Credit and Copper cash 1 addition, the world-wide services

of its thoroughly equipped Travel Copper cents Department

E. W. DUGGAN,

Manager

THE WING ON BANK

LIMITED.

Head Office: Hong Kong 26, Des Voeur Road Central. Authorized Capital: $10,000,000

LONDON BANKERS:— Westminster Band, Ltà

THE YOKOHAMA SPECIE BANK Foreign Exchange and every des

LIMITED

Established 1880

Reserve Fund

Capital (full paid-up) Yen 100,000,000 Yen. 125,800,000 Bead Office:-YOKOHAMA

Branches and Agencies at: Alexandria

Nagasaki Nagoya

Batavia

Berlin

Osaka.

*Paris

cription of banking business transact- edi

~LOTI

par.

Rate of native interest .. 3% pai Chinese Sub. Coin

33% dis. Hong Kong sub. coin

par.

NEW YORK STOCK EXCHANGE

Latest Quotations

August 30.

The following quotations were, re- served by Reuter:

NY/London |N.Y. Cotton

Oct May

Current Accounts and Savings Ac counts opened. Fixed Deposits re- ceived at rates which will be quoted N.Y. Rabber

Special rates given - Dec. on application. for Special deposits.

C. Wheat Sept

Trusteeship and Executorship. dertaken. Safe Deposit Boxes for Dec. hire.

Last

close 10:20

11.00 497% 497 437%

$10.61 10.60 10.65 10.55 10.55 10.59

12.01 12.03 22.04

45%

·

87 89

87

88

PHILIP GOCKCHIN

New York

L. GOCKCHIN

Chief Manager

Asst. Manager/

C. Com-Sept. 7034

Dec STOCKS:--

70%

57

57%

LI SHU FONG | Amer. Smelting 44%.

Asst_Manager Con Gas NX. 27

Elec Bond &..

45% 271

27%

**Share

1%

11% 12%

General Motors 414

42프 42%

Int. Tel & Tel9%

Loen's Inc

40%

41 41

Montgomery

[N.Y. Central: 21%

33% 34 3432 224 224

· 4631⁄2 45%

45 434 427444

Fengtien Malden) Rio de Janeiro

Bombay

Calentia

Canton

Dairen (Dalny)

Hamburg

Mankow

Harbin

Sort Kong.

Honotrin

Hsinking

Karachi

Kobe

London

Los Angeles

Manila

Moj

-Peiping

Fangoon

San Francisco.

Seattle

Semarang

Shanghai

Singapore Sourabaya

Sydney

Tientsin

Tokyo:

Tsingtan

Yingkow

went. Interest alowed for

Deposits recefred for fixed: at rates to be obtained on

COKISHIN AMT

Hong

11th

THE

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China)

$5,000,000,

Capital paid up -..

÷ 57,300,000. --Beserves Capital Savings Dept. $500,000. Reserve Savingr Dept. $800,000. Hend-Office Shanghai

A Bazik having as Its mission. the industrial", development" ca China and the fostering of her commercial relations #broad?? Hong Kong Office

7. Lee, House SL Phone: 31481-2-3-

** Ward

Standard Oil

NL U.S. Steei

10- 10%

MERCANTILE BANK DIVIDEND

readily as provision for a settle- July [ment is now over.

¡Spot

Confidence is strengthened by New York Rubber:- H.K. Lands 4% Debentures $100 the last quarterly report of the

September

Made German Institute for Business

Research, and the foreign orders December Metropolitan Lands Sh. $10 a received by the locomotive works January

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

Public Utilities: HK Tramways $12.20 ́n. Peak Trams (old) $74, z. Peak Trams (new) $5% Star Ferries $784 b. Yaumati Ferries $17.60 2. C. Light $8.30 br EK Electric $58% n. Macao Electrics $20-1 Sandakan Light $ &. Telephones (old) $20% z

Telephones (new) $8.20 n. China Buses Sh.3111⁄4 n. Singapore Traction 10/6 n. Singapore Pref. 22/6 b.

Industrials

Malabon Sugar. $871⁄2 1. Cald. Macg (Ord) Sh.$191⁄2 2 Cald: Macy (Pref), Sh$18 n Canton Ices $1.20 m

Cements $2.80

HK Ropes $2.15 n

Stores, etc.

Dairy Farms $15

Watson $3.05 b.

Lane, Crawford $3 1. Mackintosh $7_n. Sinceres $5.30 TL Wr. Powells 70 cis. 1. Wing On (HK) $55 11.

Miscellaneous

Entertainments $4. SC Enterprises $1.85 n. Macao "Greyhorinds” $2 n. Constructions (old) $1.10 -2. Constructions (new) 25.ets, Vibro Piling $4 1. Ch. Govt 5% 1925

90%

REICHSMARK QUOTATIONS

Berlin, To-day. Reichsmark August quotations, without guarantee, October are given as follows: New December York, 40.28; Paris, 608; Ams- New York terdam. 59.37; London, 12-3575.

Trans-Ocean Service.

Sugar:--

No. 1 No.3 No. 1 No. ∙Con. Con Con. Con

2.52

2.43 2.66 2.34 .270 233

Prof. CW. DOORLAY. FAREWELL PERFORMANCES

The Tropical Express Non-Stop Revue will give Two Gala "Fare well-Shows at 6 and 9.30 pm to-day.

Prof. Doorlay, the producer and composer will personally conduct- the orchestra.

Don't miss your last chance to see the biggest, snappiest and most extraordinary show, that ever visited the East.

miss it

you' mist

a great chance.

GIFTS FOR REMEMBERANCE

During the interval the Doorlay Girls will offer to the public, free of charge, Artographed photos for rememberance.

BEAN CAKE DISPUTE 336) 2220 2.04 2201 201 Prof. WILLIAM DOURLAY'S

Central China Traders May

Boycott Canton

Sept ¡Dec.

March

204202)

2.10

2.06

TROPICAL

New York Silk:-- September December March

*175

1.78

EXPRESS

168

1.70

1.67

1.70

€5.26 65.00

NON-STOP REVUE

Shanghai, To-day. Central China bean-cake mer-

Montreal Silver: chants have agreed not to send

September further supplies to Canton as a December protest against the increased duty there which becomes effec tive on Sunday. The merchants have also decided to seek Nan- king's intervention. Beuter.

SING SING "CHAIR” CLAIMS

375 LIVES

January March

65.60 65.79 65.65x 65.85m 65.90 66.15

Is It Insured?

InsuranceTM All Claises LOWEST RATES American Asiatic Underwriti

The electric chair in Sing Sing Prison, New York, has taken the lives of 875 persons since it was installed 44 years ago, prison au- GIBdthorities reveal.

Only four of the executed per Head HK Govt 4% Loan 64% sons were

Three

have prem b. EK Govt. 3% Loan 2% prem. service at the switch

|dating thé peri

The Mercantile Bank of In- dia Limited, has been advised by its London Office that the Board of Directors have de clared an interim dividend of 6h per cent less income tax

Wallace Harpers $41

women.

#John Huberts

A

NEW ACTS! NEW SONGS! NEW DANCES!

101 Scenes in 180 Minutes!

"ADMISSION