1935-09-20 — Page 6

Authorised Capital.

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION

$50,000,000

THE CHARTERED BANK OF INDIA, AUSTRALIA &“CHINA.

Issued and Fully Paid-up 20,000,000 Incorporated by Royal Charter, 1855.

Reserve Funds

Sterling -P. 6,500,000 Silver 0,000,000

Reserve Liability of Pro-

prietors

HEAD OFFICE BONG KONG.

BOARD OF DIRECTORS.

S. H. Doderit Eag Chairman

Ca.Kaight. Inq. Deputy ChairmMANIA V. M. Graybura, Esq.

Chief Manage.

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

A. H. Compton Esq

M. T. Jaharos. Es Hon. Mr. J. J. Paterson,

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

LONDON

LAYONS

MALACCA

*BRANCHES uni

ANOT

BAXGXOX

BATAVIA

BOMBAY

CALCU

CANTON

CHEFOO

COLOMBO

TAIREN

EUPHONO FAMAGRO HANKONS

HAREI

HONG SEW

STORLO

ТРОН

JOBORE

TOKE

KOWLOON

MANILA?

MLAR (Jadors) NUXDEX

NEW YORK

PEPING

VESANG

BANDOOK

SAIGON

SAN FRANCISCO

THE CHINA-MAIL FRIDAY,

Commerce and Finance

IN HONG KONG

LOCAL SHARES

TO-DAY'S QUOTATIONS

The following is the list of "ocal

Banka

Both Show Decreases In share quotations issued to-day-

First Eight Months

HEAD OFFICE: LONDON Paid-up Capital

IMPORTS AND

Reserve Fund

£3.000,003 £3,000,000

EXPORTS

Reserve Liability of Pro-

prietors

£3,000,000

Agencies and Branches:

Alor Star

baila

Rangoon

Ipoh

Saigon

Kenchi

Semarang:

Kabe

Shang

Sinterpers

Estaten

Lumpor

Sitiawan

Caso pore

Xocking

Colomb

Cabe →

Made

Isiping

Manda

Train

Medna

Tongkah

New Tak

(hy)

Psiping

Thington

XTALA LUMPUE

SHANGHAI

SUNGEI PATAXI

SINGAPORE.

SOURABAYA

TIENTSIN

TSINGTAO

TOKIO

YOROBAMA

Cement Arobe opened in Loral Curesocy and Flant Deposita merived for one year, de aborter periode in Loral Carevacy and. Sterling as terms which will be quoted va/application.

Hong Kong, 8th April, 1935.

HONG-KONG SAVINGS BANK

The Bunits of the shone Bank is conduct. ad by the HONG KONG AND SHANGHAI BANKING CORPORATION Bules may be coined on application.

FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION.

Astringe

Bangkok

Batavia Bombay Caloutta

Hamburg |Mazhyw Harbin

(Peking) Penang

Tokohama Zamboanga

Foreign Exchange and Grommal Banking business

transacted. ****

Current Accounts spraed sad Find Depo recaised for one year or aborter periods at as whick will be goosed on application.

A BREARLET.

OFFICIAL FIGURES ISSUED

According to official trade statis- ties issued by the Statistical Office of the Imports and Exports De partment the combined values of imports and exports of merchan- dise during the first eight months of 1935 amounted to $4241 mil- lions (436 millions), as compar ed with $475.1 millions (#347 mil lions) in the corresponding period of 1934. representing a decrease of 10.4 per cent in terris of Hong Kong currency and an increase of AMERICAN EXPRESS COMPANY, 25.6 per cent in terms of sterling

Manages Hong Kong, 1st January, 1985.

THE

INC.

Head Office-65, Broadway,

New York

US$6,000,000:00 2.183,633.06 870.731.05

Capital

Surplus Reserves

BRANCHES-

Ameterðam

Glangon

The Bague

Мака

Kaplos

HATIDA

Wi

Asmonts

Barla

Berlin

Bombay

Brezes

Brumela Cairo

Chief Xanaget»,

Hong Kong, February, 19

T. GRATBERN,

THE BANK OF EAST ASIA, LTD.

Authorised Capital ...... Paid-up Capital

Calcutta. Conne Colombo

·Copechager Dahlia

· Edinburgh

Horesce Grants

Famberg Hatte Heidelberg Interlaken

Indon Liverpool Luc

Locena Luxor

Paris

Priping - Palermo

Rotterdam Botte

Shanghai

Southampton

Singapore

Thapish

Termina

Marwillen

Monte Carlo

Manila

Munich

Vienne Tesice Talobaza Zarieb

Xantrex

values.

Imports of merchandise during the first eight months of 1935 totalled $2441 millions (525.2 mil- lions), as compared with $265.0 the millions (£19.4 millions) in corresponding period of 1934: a decrease of 79 per cent. in Hong in- Kong dollar values and crease of 29.9 per cent in sterling values.

an

(Continued on Page 9)

LOCAL DOLLAR STEADY

Forward Silver Declines

The local dollar is steady, open. fing on demand this morning at

Branches of American Express $10,000.006.de Company in Principal cities of United 2/0

Spot silver remained steady at 5.508,800.00 States of America and Canada.

declined Benners and Uzidirided Profita $ 2,480,000.00

All classes of Commercial Banking 29-3/16, but forward

1/16 to 294- Transactions undertaken.

HEAD OFFICE:-BONG KONG

30: Das Vorex Boad Central,

BOARD OF DIRECTORS:-

Sir Shop-won Chow, China, Koon Chun, Esq. P. 5. Frok, Eat Wong Yus Tous. Eng.. Chan Chung Ark Eng Ll Las Bang, Esq. Wong Chu Son. Eng. sod In Itag

Fa. Eng

Asoy Batavia

Bombay

Ian Tung Po.. Eng.. Chief Kamper.

Li Tea. Foog. Enqu Saragve. S

BRANCHES AND AGENCLEN?

signed to St Shanche

Calcutta Canton Haipkers

•Hanakala

Kobe

2 mrsita M=iLUTHE Sacueni Yew York

Parin

Priso

Pan

Ran

F

Fan Francisco

Virgapore Sourabaya Swatom

Tailoйu Tiramis

Tokyo

Vaarouter

Kowlood Looded

· Yokabwas Every Zuurríption of Beaking and Exchang bubiome transected Losse granted on approved

Cart. Seroun opened in Local Currency and Fixed Depot received for one yewe, or aborter periods in Toral and Foreign Chowkey. on seems which wit be quoted of apprecatica.

Sale Deponit Bozen To It.

EAN TONG PO.

Chad Manger

THE CHENA & SOUTH SEA BANK, LIMITED

(Incorporated in China) Head Office ...Shanghai Capital

Reserver

Brutches

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

..All Important Cities

in China

and

Exchange Foreign BORDE acted.

1

་

Personal investment accounts handled.

The London on New York cross- rate was quoted at US$4921⁄2, as compared with £-U.S$492%, The Company offers to intending while the New York Travellers the use of its "Travellers don Cheques and Letters of Credit au

In addition, the world-wide services of its thoroughly equipped Travel Department

E. W. DUGGAN.

Mans

THE WING ON BANK LIMITED.

Head Office: Hong Kong 26. Des Voeux Road Central. Authorised Capital $10,000,000 LONDON BANKEES:—— Westminster Band, Ltd. Foreign Exchange and every des cription of banking business transact- ed.

Current Accounts and Savings Ac counts, opened Fixed Deposits re- ceived at rates which will be quoted} on application. Special rates given] for Special deposits..

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

PHILIP GOCKCHIN Chief Munarver

Banking L GOCK CHIN Cepetal

Asst. Manager

-Comment and Serine Accounts oproed and Fised Deposit riend for one your of shorter periods

at rates who wil be quited on spplication.

SOC Z. CHANG.

HONG KONG BRANCH

Xanager.

„TM. AG.

SILICO

*

24, Dr Toms: Read. Crot.

Forries Exchange Impa, Genus! Office..

THE

was cross-rate

on Lon-

quoted at US$4.92%, as compared with US$4.93

RAW RUBBER PRICES

Latest Quotations From Singapore

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

Spot 181⁄2 Unchanged b. 1834 October-December

-184 Un- changed b. 19 3.. January-March

Un-

(1936) 19% Unchanged b. 19% s April-June (1936) 20%

changed 20S- Market:Quiet-

COMMODITY PRIO

The following quotations have jbeen received by Reuter.

LI SHU FONG] Asst. Manager

Prev. Yesterday Closing Closing

New York Cotton:- October

HE. Bank $1,015 Sa HK. Bank (London) £106 n. Chartered Bank £124 Mercantile Bank A. and B

529-****

Meccantile Bank C £13. Bank of East Asia $761⁄2 n.

Insurances

Canton Ins: $180 mi Union Ins. $8671⁄21⁄2 by $37221⁄2 China Underwriters $1.10 n. China Fire Ins $382 n. HK Fire Ins. $180 n. International Assce. $6 n.

Shipping

Douglases $56 1.

H. Steamboats $4 - Indo-Chinas (Pref.), $30 n.. Indo-Chines (Def.), $12 n. Shell (Bearer) 68/9 n. Union Waterboats $114.

Mining

Antamoks 80 êts. Balatoes $18 n.

33.

Baguio Gold 24 cts. n. Benguet Consolidated $12.10 D. Benguet Exploration 13 cts. ne Benguet Goldfield 10 ets u Big Wedge 8 pts Gold Creek 30 cts: a.

Gold River 7. cts: 1.

- Ipo Mining 90 etsin.

Itegors 36 cts. Saloong là đặt t

Kailan Mining Ad. 11/6 'n Langkats (Single) Sh. $14 12: Shai Exploration Sh.$441⁄2 ne S'hai Toms Sh. $54. Raube $74 ? Venz; Goldfield $2.30 n.

Docks, etc.

(old)

(new)

HK and K. Wharves

$74 n HK and K Wharves

ST2 n. HK and W. Docks $9 n Providents. (old) 55 ete. n. Providents (new) 20 cis. n. Hong Kew Sh. $240 n. New Engineering Sh. $4 n. Shanghai Docks Sh.$78. n.

Cotton Mills Ewo Cotton Sh.$6 Shanghai Cotton

$65.1 Shanghai Cotton (new) 340 n Zoong. Sings Sh. $81. Wing On Textiles Sh. $25 n. ·

Lands, Hotels, etc.

(old) Sh.

HK and S. Hotel $3.10. b. HK Lands $234 sa

HK Lands 4% Debentures $100)

ܼܿܡ

Shanghai Lands Sh. $2014 n. Metropolitan Lands Sh. $10

Humphreys $74 1

H.K. Realties $4 n. Chinese Estates $88. n. China Realties Sh.$4 a. China Debentures Sh.$123 a.

Public Utilities H.K. Tramway's $10 b. Peak Trams (old) $51⁄2 Peak Trams (new) $5,n. Star Ferries: $78.3

1935

CHAMPION JOCKEY TO

HAVE RIDE

"(Continued from Page 4)

L however, fancy Able, Belmont Star (Mr. Black) andi Amazon's chances in a short Festival Eve (Mr. Ip) are con sprint of this nature, but in exsidered to have good chances for tremely fast company she will places..

Mr. Frost is taking out King's have all her work cut oat, despite the fact that she will have the Parade, and this old warrior. is. not by any means out of the run-) ning.

champion jockey piloting her?"

Her handicap is that she is not exactly quick away from the gate, but she should dis count this failing with her.

cadous finish.

Likely Challengers

If Able Amazon is to be beaten Derby Day or Bag Tor are the likely candidates, while Mount Pilatus holds an excellent outside chance.

ABLE AMAZON NOT BARRED FROM BETTING LISTS

0

It was learned this morning from the Jockey Chib that Able Amazon will not be barred from the betting at to-morrow's Meeti inge

*

Tickets disposed of in the Kwangtung Handicap Sweep, ex- ceed $3,000.

NEW ADVERTISEMENTS

PUBLIC AUCTION

HE Undersigned have received Te instructions to sell by Public

Auction.

On

1935 Saturday, the 21st September,

commencing at 11 am. at their Sales Room, Daddell Street.

-60 Cases Tower Brand Beer and

10 Cases No. 1 Yat Whisky Terms: Cash on Delivery

LAMMERT BROS.

Auctioneers. Hong Kong September 20, 1935,

these two should secure second place...

Macaroni is not quite ready yet

Derby Day is one of the best. if not the best, sprinters in the Colony, and will prove dangerous

Lucky Strike is a bad actor at and appears to be a little on the with Mr. Butler in the saddle. Mount Pilatus, will be handled by the barrier, and a six-furlong fat side. N there is an upset I would say Hydroplane Mr. Ralph, and although Bag sprint is not exactly the race in here

to display his stubborn-would be the one to do it. If the Tor's trumpcard is distance, he which

is heavy to-morrow the stands # $1994 Derby winner may wake up in time to give Ableness, if he is to be there at the course

stout- chance. This Amazon z really hard finish. Who-finish

Clear Water Bay Handicap, 5 greater ever wins will know he has been

hearted pony should, however, in a race, and the winner should furlongs. (for novice riders).

High Principle and Flamingo put up a good fight on a dry pay a decent dividend. and I am taking for granted that Able are considered to have the best course. Amazon will not be barred from chances. and of the two the Island Bay handicap, 1 mile.

former is a "free mover and (First Section). the betting!

Mr. Frosz is taking out Valor- Big Wave Bay Handicap, 6 should therefore have the edge Furiones

over his rival, who needs plenty ous and, as the pony is very fit, he stands a fair chance of riding. of encouragement.”

Bonny Dundee should win here.

The Deemster will carry a lot yet another winner. It is a dif- with Clear View (Mr. Liang) and Popular Star filling the places- of support. A good outsider will cult race, however, to-forecast. Bonny Dundee has improved be Pavane, at 140 lbs. The name as Bistre is also supposed to be a great deal since his summer of Blacksmith has been tapped in good condition, and it is just the "Bamboo Telegraph, about time he showed up again. vacation and will again be ridden from

Monoplane should be next in de-·

fit. High by Mr. Black. Flirt, who will be He is also in at 140 lbs.

Junk Bay Handicap, (first mand, and is also ridden by Mr. Frost, is likely to

Speed is a good oätsider. find her weight impost a little too section).

Vancluse Handicap, 5 furlongs. - What a Chance is the talk of

Mr. Frost is taking out Bobniak heavy for her.

the Valley, and is expected to win the first leg of the daily double. Star at 165 lbs. and, as this pony holds the record for six furlongs, out Mr. Pib will be riding him.

he will undoubtedly go Heart's Glory is at

favourite

Just That looks to be in very

Junk Bay Handicap, 6 Furlongs, (2nd section).

present

Partnership has been doing [some good, fast work in the early

hours of his daily training, and galloping nicely, and should fight

I understand that he will be rid-it out with Tillicüm (Mr. Butler)

•

den by Mr. Pih. This pony has a for second place. Popular Star good condition and will be ridden tremendous rush, and, of course, will be ridden by Mr. Frost and by Mr. Ph. Australian Boy has hands of Mr. Proulx, one of the if the going is heavy he should may cause an upset at the weight improved and is in the capable the find little difficulty in winning.

Mr. Butler has been given At-

NEW YORK STOCK

MARKET

Advice To Buy On Further Weakness

PROVIDED NO CHANGE FOR WORSE IN EUROPE

of 155 lbs.

Tweed Island Bay Handicap,

fastest jockeys away from

gate.

mile.

Rose Queen should win with

Mr. Pih in the saddle. Mr. Frost las, who is a sprinter of the first will be taking out King's Bounty water, but I am a little doubtful will stand and Mr. Butler has been given the whether his leg

on Hetman, and one of the strain. He is handicapped by the fact that it is too dangerous to give him a training gallop at BERLIN SHARE

the moment.

mount

· MARKET Cautious Attitude Again Reported

*** CHINA MAIL - SPECIAL

Berlin, To-day.

Sancy Face, another cracker- jack over sprint distances, is like- ly to be ridden by Mr. Deitz He has been allotted 165 lbs. along with Bobniak Star, and the win- iner should be one of these two.

Streamline and Australian Boy should be in the running for third

In their market report, Messrs. SE Levy and Company, corres- pondents for Messrs. White Weld and Company, New York, state-

Stock: Provided that there is The cautious attitude of buyers place no overnight change for the worse which distinguished Wednesday's

Racing fans will welcome the

not-alto-

in European developments, the share market was still more return of Lady Southorn's Haly local view is to buy on further evidence yesterday, owing to the one is, however, weakness. Business done: 1,920, continued anxiety regarding the sether a good starter, which is a

000 bushels

(Continued on Page 9)

outcome of the increasing tensionsevere handicap in such a short race. H. de B. Prichard will ride between England and Italy, which his own pony Lucy Glitters, even the favourable reports from German industry failed to.

Latest Quotations The following quotations were teract received by Renter:-

N.Y.London

Cross-rate

•

formerly owned by Lady Peel coun-Prichard rides well, but I am

13-

The tendency in the fixed Prev. To-day terest securities, market was also

closi Lose

weaker. Call money was at 2 493 491% to 3 per cent-Trans Ocean Ser

REICHSMARK QUOTATIONS

NY. Cotton Oct.... 10.63 N.Y Rubber Dec. 11.52 Chicago Wheat Dec. 9834 100

10.62 11.54

vice.

57% 66.40

HK. Electric $524 b., $521⁄2 sa Chicago Corn Dec. 58%

Macao Electrics $20 n. Sandakan Light $3 s.. Telephones (old) $18 b., $182

Yanmati Ferries $17 n.

10.63 10.62

C. Light $8.00/7.90 52.

December

10.67 10.66

January

10.69

10.68

March

*10.79

10.77

May

10.82

10.83

July

10.90 10.89

Spot

11.00 -11.00

New York Rubber:-- September

•11.28b

11.30b 11.52 11.54

THE YOKOHAMA SPECIE BANK

LIMITED.

Established 1880

Capital fall paid-up) Ven. 100,000.com Yen. 127,450,000 Reserve Fund

Head Office YOKOHAMA

Branches and Agencies at:

Alexandria

SHANCHAI COMMERCIAL &

SAVINGS BANK LIMITED

(Incorporated in China)

Capital paid up $5,000,000,December

Reserves

$7,300,000. January Capital Savings Dept. $500,000. Reserve Savings Dept. $600,000. Head-Office-Shanghai

A Bank having as its mission the industrial development or China and the fostering of her commercial relations „broad Hong Kong Office

7. Ice House. St. Phone 31431-2-3

Batavia

Berlin

Bombay

Calcutta

Canfou

Dairen (Dalny)

Nagasaki

Nagoya

New York

Osaka

Paris

Peiping

Kangoon

11.60 11.62 1174 11.76

11.87 11.88b

s $18.40 sa.”

Telephones (new) $6% sa China Buses Sh$114 n. Singapore Traction 10/6 Singapore Pref. 22/6

Industrials

Malabon Sugar $81⁄2 n Cald, Macg. (Ord:) Sh$191⁄2 Cald: Macg (Pret), Sh.$13 n. Canton Ices' $1.80 n.

Mackintosh $1

Montreal Silver Dec 66.14 Silver Official 2400 65765

Dow Jones Averages S 30 Industrials 133.11 131.44 167 off 20 Rails

36.74 36.36 38 of 25.84 25.25 58. off 20 Utilities 20 Bonds 96.57 96.5403 of

11 Commodity MOM AN

Index

55.02 55.47 45 mp Business Done: 1,920,000 shares.

KWANGSI GOVERNMENT BORD ISSUE

afraid Lucy Glitters is outclassed in this field.

Island Bay handicap. 1 mile (Second Section). Note th

Gold Coin will be ridden by Mr. G U. da Roza, and is confidently expected to win. Racing Boy, ridden by Mr. Pih. should be Today, Reichsmark placed second. with Great Hall quotations (without guarantee) (Mr. Frost) third.

Mr. Black is taking out Pride are: New York, 40.26; Paris. 610.5 Amsterdam, 59.575; and of Tsingtao here and, if the pony London, 1225. The Paris sterling is ready, he may cause the big- quotation is 74.75, and the dollar, rest upset of the day. 15.175-Trans Ocean Service,

SCHEMES OF RURAL

CO-OPERATION

Elaborate Details Proposed

Nanking, To-day.

rural

¡March

May Chicago Wheat:-

September

97

99%

December

981

100

¡Maya.

99%

1013

Cements $2.90 b.

Chicago Corn:-

HK Hopes $2 s

¡September

·813/2

8132

Stores, etc.

The To-day Canton,

has Kwangsi Government issued two million dollars"

December

582

57%

Dairy Farms $14%

worth of bonds with a view to

For the pro

May

58% 582

Watson $3 nak

Winnipeg Wheat:--

Lane, Crawford $3. n.

October

December

9234 93

952/2

May

963

96. 993

Sinceres $5 TA

Is It Insured?

New York Suga

September

2.56

2.55

December

2.50

251

Sourabaya

Insurance AD Clases

January

2.08

2.6%

Sydney

Wentsin Tokyo

LOWEST BATES

March

2.09

213

American Asiatic Underwriters

May

-214 218

Yingkow

allowed for Curre

New York Septem December March

189

1.82m

$1.75

66.10

66,40

San Francisco

Seattle

Fenetien, Mukden) Rio de Janeiro

Hamburg

Hankow

Harbin

Bong Kong

Hozolula

Usinking

Karachi

Kobe

London: Los Angeles)

Moji

Deposits rece

at zates to be obta

Semaring

Shanghai Singapore

Fed. Inc., USA.

General Ayents

Wm. Powells 70 cts- Wing On (HK) $55

Miscellaneous. Entertainments $4 p. SC Enterprise Macao "Greyhoun Constructions old) Constructions (ne Vibro-Piling - Ch. Govt

co

Bob Charlerted

-Out Of Danger

BENNY PROULX TO BE OPERATED ON

Enquiries regarding the condi-- tion of "Bob" Charles have been made, and I am glad to inform the Club members and racing

readjusting the monetary sys-co-operation, the National Ecaso public that he is now considered tem of that province. The bonds mic Council has made preparations to be out of danger. Anxiety was felt for Bob. who was sad- are obtainable through the for the organisation of

denly striken with pneumonia. Kwangsi Provincial Bank and operation commission

The commission, which is ex-

It was rather unfortunate that will be fully redeemed within a period of five years Central pected to be formally inaugurated he was taken ill at this time, be- within a week, will have a secre cause he had finally succeeded in Press

tariat section and a financial secgetting his weight down, and was tion Its personnel will be comto have ridden one of the fittest posed of members of the Co-opera les at the

BESILK BY INDUSTRY

Canton To-day The Bureau SUK Ind ry has decided to create a by

of the sik industry, in

Committee mised

tive Department of the Ministry hant chance

bril-

ring

be

And

he

68.50 66.70