1935-09-25 — Page 6

THE CH

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.

が

20,000,000 Incorporated by Royal Charter, 1853

20,000,000 Reserve Fund

HEAD OFFICE: LONDON

Paid-u, Capital Reserve Liability of Pro-

prietors

HEAD OFFICE HONG KONG

BOARD OF DIRECTORS.

3. E Doswell, Engi

→ Chairman,

CC Enicht. Eng.

Deputy Chairman.

T. H. Gerber

Chind Manager

Eng.

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

AE. Compton Esq-

£3.000,003 ,000,000

£3,000,000.

· Agencies and Branches:

Alor Star

Bangkok

Bander Calmett

Дода

Ipob Karachi

Tode

Блевіль

· Funguon

Saison

Semarang Seremban.

*

Commerce and

Finance

LOCAL DOLLAR DECLINES

Silver Prices Steady

The local dollar has declined 8. opening on demand this morning at 2/0. Both silver

m

Compers

Calambe

MT. Johnson, Esq. Cada

Hon Mr J. J. Paterson,

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

avor

BANG FOX MATANZA BOMBAT CALCUTTA. CANTOX

DA1

BRANCHES

LONDON. 7.TOXX MAZACCA MAXTLA

MUAH (Jobera) VIKDEN NEW YORK PEIPING PENANG RANGOON KUDOS

1

ORSABO

POOCHOW RAPPHONG KANRURG HANKOWY BANKIN BONGKEW ILOILO IPOH

JOHORE KORE

SAN FRANCISCO- KUALA LUMPUR SHANGHAI SINGAPORE SOUKAZATA. KUNDET PATANI

TIENTS. TOKTO TSINGTAO TOKOHAM

Cuprit Ameste oprond in Local Currency and Find Thekte mesired for one year or wheater perinde in Lomt Corrency and Sterling on which will be qucord on application

Hong Kong, 6th "April, 1935.

HONG KONG SAVINGS BANK

The Buizen of the above. Bank is conduct by the HONG KONG AND SHANGRAT BANKING CORPORATION. Bales may be obtained no arulleation.

FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION.

T. X. GEATELEK, -

"Chint Manager. Bong Kong.2th February.. 1935.

Hamburg

|

Bankow

Home Foot

Lempar » Kuching

Marika

Sew York Prining

(Poking)

SIRESPONS Sitamar

Taiping

Touris

(Etrukee) Tingbac Tokohama Samboanga

**spot***

and

prices, howe "rward”

steady at 29-5/16.

where

The London on New York cross- rate was quoted at $ US$4.91%.

as compared with 5-US$491% while the New York on Lon- was quoted at

Foreign Exchange and Gumiral Banking business đơn, cross-rate tranected.

Curvas AcOMENS • opened and Finé- Deponite £ US $4925g, as compared with

| received. For soy year or shorter socioda at, zabor

which wiờ be quoted on application.

A. KREÄRLEY,

£ US$4.915

Manager WORLD ECONOMIC

Hong Kong, 1st January, 1935.

THE

AFFAIRS

AMERICAN EXPRESS COMPANY, Important Suggestions

INC

·Head Offer:--65. Broadway,

New York

Capital

Surplus

Reserves

Avemberdacta

Antawes Arbana

ماستر

Bombay Prezra

CRopes Colorabe Copenhag Dubčia Edinburgh Florence GODET

-17.S.$6,000,000.00 2,183,633.06 870.73105

BRANCHES:---

Glanger The Bingos HITET Farberg

Heidelberg Incoplatums

Zavoralem London Liverpool

Locat Laser

Maracana

Monte Carlo

Pisaros

Pari

Pelping

Palerino Rotterdam Romer Shazerbai Southampton Singapore Bertin Taormina Vienna Venice

TRANPAREDE Zurich

At Geneva

Geners. To-day.

A resolution submitted by Dr. Parliamentary Leslie Burgin, “

to the Secretary Board of Trade, in

British

favour

of the ultimate restoration of the international gold standard, was among the important sugges tions advanced at the assembly of the Economic Commission, which resolution re- also discussed a questing the assembly inter alia to appoint a World Resources Board to survey the world's, food and

materials and to suggest methods whereby the economic problems of all nations may be eased.

The resolutions will be further

Manich MOBI

Branches of "American Express THE BANK OF EAST ASIA, LTD. Company in Principal cities of United

States of Americs and Cainda. discussed Renter. Eserve and Undivided Profit 3,681,004.30 All classes of Commercial Banking

Transactions undertaken.

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

Li Is

-$10,000,000.00 5.308 800.00

HEAD OFFICE: BONG XONG 34. The Voux Ford Contol

لرحم

BOARD OF DIRECTORS— Bir-San Chơw, ChaimaĖS, Chen, P. L. Kook, Esq. Wong Tun. Tong, Cha Chang Shak, By Sungy Dig, Wong Can Soo, Tag, and Xan Tiaa

Lan Tong Fo. Esq., Chief Managem Li The Fog Eq. Mange.

BRANCHES AND AGENCIES:---

Mantis

Melbourne

Festile

Boubey

Nimewaki

·Shanghai

Sew Fork Chala

Bestow

Calattia Canton Haipboog Banker Honolul Xolm Kowtown London

Τρίτης

Penang

Sourabaya

Egiary Taiboles

Raneyen

Saigyo

En Franciao

Tokyo an

Tokoh

La

y decription of Beaking and Exchange Sapone trapuserad.” Losas, granted on approved

Current Acoustis opraad, la Local Currsaty and Fixed Deponite. Tunaived. for "one-year shorter perioda. In ́ Local sod, Foreign Currencies. storm which will be quoted on application,,,

Bale Deposit Boxes To Let.

XAX "TONG PO..

Chial Manager.

Personal investiment accounts

handed.

The Company offers to intending Travellers the use of its "Travellers. Cheques” and Letters of Credit: aid, in addition, the world-widê services of its thoroughly equipped Travel Department,

‚E. W. DUGGAN,

THREE-YEAR PLAN

FOR KWANGTUNG

Public Financial Aid Invited

Canton, Yesterday.. In order to hasten the develop- Management of Kwangtung, the Com- mission for Protecting Peoples Industry has designed a scheme. to be inserted in the second

THE WING ON BANK Three-Year Plan, whereby the

LIFTED.

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

LONDON BANKERS:

Westminster Band, Ltd Foreign Exchange and every des.

| cription of banking business, traDSNET-

*

Current Accounts and Savings-Ac- counts opened. Fixed Deposits re-

THE CHINA & SOUTH SEA BANK ceived at rates which will be quoted

LIMITED

(Incorporated, in China)

Head Offce Shanghai...

Capital

"Reserve

$7,500,000,00

$1,500,000.00

"Branches ...All Important Cities

Feign

Draw in China Mata Exchange - and General

Beckler

Querent and Baving Anomate opened and Pized Deposita revet "for you year or shorter periodu si raim which will be quoted-on application. BOU Z CHANG, -

Malaga, ́ ́HONG KONG "BBANCE :;

26. Drs. Fosuz -Boad, Central

Manager's Off

Gear Offer.

Forsign Exchange Dept.

Cashier's : Ofor

on application Special rates given.

people might be induced to in- ¡vest $40,000,000 to $50,000,000 'in the various enterprises to be m dertaken by the Government. The scheme provides for a minimum return of 5 per cent interest on

amount

invested-Central

any Press

BERLIN SHARE MARKET

for Special deposits. A DISTINCTLY WEAK

Thrusteeshin and. Executorship. dertaken.

hire.

Safe Deposit Boxes for

PHILIP GOCKCHEN

Chief Mänager (1

L. GOCKCHIYY Asst. Manager

TENDENCY

Berlin, To-day.

·LI SHU· FONG! The share market prices show- Asst Manager led a distinctly weak tendency

yesterday owing to the new u

THE MERCANTILE BANK OF Certainty about the outcome of

INDIA, LTD.

HEAD OFFICE:

Si, Gracechanik. Servet, London, EC.B.

Authorized Expital

Subscribed Cavital

Paid-up Capital

£3,000,000

1,800,000

1050.000

LOCAL SHARES

TO-DAY'S QUOTATIONS

The following is the list of "ocal share quotations issued to-days

Banks

HE Bank $1,010 m.

HK. Bank (London) £104 a. Chartered Bank £1334 n. Mercantile Bank A. and--B.

**$293€ 11.

Meccantile Bank & 413 n. Bank of Bin Asia $76 nə

Insurances

Canton Ins, $180 n. Union Ins. $370 6.

China Underwriters $1.20 n. China Fire Ins. $382 a. HK. Fire Ins. $180 n.' International Assee. $6 x.

Shipping

Douglases $361 HK. Steamboats $4/n. Indo-Chinas (Fred), $30-n. Indo-Chinas (Def.), $12 i Shell (Bearer) 68/41⁄2 x- Union Waterboats $1313% a.

Mining

Antamoks 78 ctx 1 Balatocs $14 D.

Baguio Gold 24 cts, n Benguet Consolidated $1132 & Benguet Exploration 13 cta. z. Benguet Goldfield 10 eta a Big Wedge 3'sts, Gold Creek 30 cts. 1. Gold River etc. B. Ipo Mining 90 cts. u. Itogons. 364 cts. a. Salacots 15 cts. 11. Kailan Mining Ad. 11/- T Langkats (Single) Sh-$13 n. S'hai Exploration Sh.$431⁄2 n. S'hal Loans Sh. $5 'n. Ranks $134 1- Venz; Goldfield $2.30 n.

'Docks, etc. HK and K. Wharves

$74

(old)

H.K. and K. Wharves (new)

$72 D-

EK. and W. Docks 19 na Providente (old) 55 cts. n- Providents. (new) 20 cts. Do Hong Kew Sh. $240-x. ~ New Engineering Sh. 34 n. Shanghai Docks Sh.$78, n..

Cotton Mills Ewo Cotton Sh. $5.30 1.

(old) Shanghai Cotton

$65.7L

Shanghai Cotton (new) Zoong Sings Sh. $3 Wing On Textiles Sh. $25 1,

Lands, "Hoteli,

FK and S. Hotel $3.10 b. HK Lands $23423

H.K. Lands 4% Debentures $100

Shanghai Lands Sh

Metropolitan Las

Humphreys 3/ HK. Reities:

Chinese Estates-395 m; China Beanies S14. China Debentures SE

Public Uta

HK Tramways $10

AL

Peak Trams (old) $571⁄2 1.

Peak Trams (new) $5 n.

Star Ferries $78 n Taumatt Ferries $17 n.

་༞༞།-, མ-,

A scene from Universal's "The Raven, which will commence

at the King's Theatre next Sunday. Baris Karloff, Bela Lugosi, Samuel Hinds, Irene Ware and Lester, Matthews are. the leading characters.”

BRITISH TREASURY

RETURNS

£2,600,000 Less From Sartax

London, To-day.

GERMAN AIRSHIP SERVICES

FRANKFURT THE NEW TERMINUS

** CHINA - MAIE " SPECIAL``

Frankfurt, To-day.

NEW YORK STOCK MARKET

Market Somewhat Steadier

NARROW FLUCTUATIONS IN WHEAT

In their market report. Messrs. E. Levy and Company, corrES- bondents for Mesra, White Wald and Company. New York state?----

"Stocks The

was market | steadier "to-day. We are inclined to think that any serious compliez- tions in connexion with the Italo- Abyssinian crisis would again put prices to the test of last week's low levels Business done: 1,000,- |000 shares.

be

The trend Total

Price fastsations in whent were makrom.

appear

Com: 4.1863.

"Cotton: The

1,$15,000 bushels.

position

is believed to be fairly well. Equi- dated Weather conditions are We would generally favourable. favour perchases on moderate set- [backs

"Rubber: We doubt the effec tiveness of restrictions, which 'in- frence 8 gradually subsiding.

Exchequer returns show that the total ordinary revenue to A new zeppelin airport, destin- The consumption outlook is pro- dater excluding self-balancing ed to become the starting point mising and cif. offerings are items, amounts to £277,522,070, as of the regular airship services to mostly unworkable. We think the that much of the Actuals required compared with £265,016,5T2 at the South America and later to

Far East, will be inaugurated will ultimately be bought in Lon- corresponding date last year.

British Receipts from income tax and here next year, and in connection con

friends expect estate duties are £96,108,000, with the matter the Mayor of higher prices, but no fireworks. same Frankfurt, Dr. Krebs, is now on The avoidance of bulge buying is against £89,037,000 at the time last year, but receipts from this, way to Brazil aboard the air recommended. A reduction in surtax are £2,500,000 less, at £5-liner Graf Zeppelin.

610,000

:

The Mayor, it is stated here. quotas should revive speculators confidence. The market is now The total ordinary expenditure, will conduct negotiations at Rio

well-liquidated-and-we favour pur-r exclusive of self-balancing items, de Janeiro with the Brazilian

chases. Total sales: 433, lots.”

is $333,368,957, as against 5816- Government concerning the pro- The magazine Standard Statis 232,759 at the corresponding date]jected new airship route-Trans- of 1934 — British Wireless Ser-Ocean Service. vice.

RAW RUBBER PRICES

tics reports:

Cotton: Consumption is expect- ed to show a fairly sharp gain. and export demand should prevent any sharp drup în prices. We advise purchases co setbacks.

LANE, CRAWFORD'S Domestic

MEETING

tions were

Prev. To-day's

Messrs. H. B. Joseph & Co. have received the following Straits. Car- (Continued from Page 9.) rency quotations from Singapore "The items I have dealt with amount in all to the summ of for Raw Rubber:---

Spot 19 % Up 1 ct. b. 19 34, 5~12400,306.26, which is $250,30625 October/December 19 % Up more than the amount by which

b, 201⁄2

it is proposed to reduce the insured capital of the Company. The ex- cess will be dealt with by the trans- cross-rate 1ference of $250,000.00 from Gen- NY Cotton Gen. 10.48 10.58

eral Reserve and a transfer of NY Bubba Dec. 1182 egular-Fluctuate $306.26 from Profit and Loss Chicago Wheat Dec. 98%

January/March (1936) 20% UP

1 ct 1, 20- NAT April/June (1936) 21 3 Up

ct. 21 s. Ma

CORRESPONDENCE

Accommt.

Increase in Capital

FMX/London

class close

491% 4.93%

12.10

9874

35.23--35.37“ „06 ca

06.25 96.47 22 up 2486 - 25.25-39 up

584 Chicago Com Dec. 58%

66.65 Montreal Silver Dec. 66.80- Silver Official ? 653 65% "It is proposed to increase the Dow Jones Averages anthorised capital to $1,000,000. 30 Industrials 129,55 131.02 147 up In this relation your Directors are 20 Rails

20 Utilities of the opinion that the oppor 40 Bonds tunity should be taken to obtain! the approval of shareholders to such increase of the authorised ET. The Editor, “China Mai"]

the football season is capital of the Company, in order proaching and being a that, as and when the opportunity TỈNO OCCATE, they may forthwith pro- ast myself,

Spectators At Local Football Matches

Sir.

enthusiast

11 Commodity

•Index...

55.18 55.37 19 up Business Done:-1,000,000 shares.

RUBBER QUOTAS

REDUCED

Alteration Of March Decision

te to bring to the notice, ceed to issue the whole or part four esteemed columns, ofthereof, the main object being to all Association, and its effect a reduction of the mortgage indebtedness against which the Cimbe the detestable of rushing the gate for landed property of the Company

nder hypothecation.

London, to-day. babalaton to what is known as

The International Rubber Regu the Uncovered Stands, in local In conclusion, I would reiterate

that your Directors feel that inflation Committee, which met în football fields.

This scandalous clamouring for recommending this reorganisation London yesterday, fixed the per- they are actin in the best in-centage of basic quotas as the per- admission undoubtedly keeps "away}

the she olders, with missable pri rtable amount at 60- many respectable would-be "fans" terests

and November hus modifying the de- ting the export for the rest of Wireless Ser-

the Italo-Abyssinian conflict and the part being played therein by C. Light $7.85 b. $8.05 x, $7.90 especially those of the weaker sex, a view to placing the Company on for

Great Britain. Bayers felt no inclination to venture, and hence,

though

comparatively small amounts of stock were offered;

Reserve Fund & Rest .. 1,242,230 the absence of takers caused

The Bank of Engleske Milland Bank. Lprices to sag.

Bangkok

THE TOKOHAMA SPELIE BANK Bomby

LEITED,

Establfafed 1888,

Capital (fall paid-up) Yen. 100,000,000] Reserve Fund".... Yen. 127,450,000

Head Office:YOKOHAMA

Branches and Azencies str

Bertin's

Bombay

Calcutts

Cation

Dairen" (Dalny)

Nagasaki

Nagoya

New-York Osaka -

Paris

Peiping Pangoon

Fengler Mukden) Rio de Janeiro

Hamburg

Hankow

San Francisco

Seattle

Harbin

Semarang✨

Kong Kong

#Shangha

Honolulu

Shagapore Sourabaya

Asinking

Kobe

London

Los Angeles

Moti

Interest allowed for

Deposits reseÏ

st rates to be obtained

Hong Ko

EASEEBSD

BRANCHES:

Ipoh Kandy Karachi

Kots Eborn

New-York PREDK Fort Lewin

(Maurition) Rangdon Shanghai Kuantan“ (Pihang) Simla

Calcutte Colombe Delhi

Kunis Lápis

Kuala Lumpur.

Hong Kong

Howrah

Madras.

(2-

Singapore

HONG KONG BRANCH

Every description of Banking sod· Exchange Įbovinein transected. ::

Trarydora Chugans. Samuel."

Fixed interest securities were ferratic, but industrial debentures Call money were mostly firm. was at 3 per cent-Trans-Ocean Service.

REICHSMARK QUOTATIONS

Bertin, To-day." - Beichsmark Trustee and Executorships under quotations (without guarantee) itaker

INTEREST alowed on Cerent counts and yesterday were: New York, 40.25 Fized Deposita a Bates that may be worried Pairs."610; "Amsterdam, 59.4725;

| on". application..

2. KENNEDY,

Manager Hong Kong, 24th July, 1935.

Qone's Bond Central.

THE

SHANGHAI COMMERCIAL

SAVINGS BANK LIMITED

(Incorporated in Galna)

Capital paid up to $5,0 * Bestires Capital Savings Dept. Reserve Savings Depti.

Head-Office-

A Bank having: as. Äts. "the" industrial, dere "China" and the fostering Facommercial relations Hong Kong Offer

and London, 12.22 - The Paris sterling quotation was 74.6, and the dollar. 15.1725.- Trans-Ocea Service

le Insured?

Insur

s

Amer

General

SA

who cannot afford to pay for the sound fin

in the so HK Electric $244 b, $53 a, more expensive sents

Covered Stands. And, besides $5217-23% sa

being responsible for many a quar rel which may easily develop into pose the

tion: a free-for-all, it has a meet 121- desirable psychological effect on the crowd, inasmuch as it rouses them in spite of themselves, bescose frame of mind,

likely may turn powder-box, to be in spark of only, some when someone's

Macao Electrics $20 m, Sandakan Light $3 a. Telephones (old) $18 b; $18 Telephones (new) $61⁄2 z. China Bases Shall1⁄4 n. Singapore Traction 16/6.n. Singapore Pref. 22/61 petek Zuckustriala Malabon Sugar $81⁄2 1. Cald, Macg. (Ord) Sh Cald: Macg. (Proc); Canton Tees $1.20 IL Cements $3 b

H.K. Hopes 2. 3.

ma" "Stores, ste. Dairy Farma 414/ Watson $3 n.

Lane, Crawford"$3 Mackintoak $7 1. Sinceres $5 D Wm. Powells 70 cts. n. Wing On (HK) $65 1,

Miscellaneous" Entertainments $4 naveg SC Enterprises $1.35 n. Macao "Greyhounds” $2 m. Constractions (old) $110 “Coustractions (new)12

Vibro Piling $4m Ch. Gost 90%

hen, there is a conde

this

wise

Club Grounds the

Grome, etc., be duplicated, and

the crowd into proper queues.

сод-

at this

to formally,

lowing Special Resolu- vice.

“Thaf the paid up capital of the Company be reduced from to |0002(divided into 150,000* each credited as fully, 750,000 (divided into ach credited that such reduc

Special

In the interests of the large ary Resolutions

aber of football enthusi

October

holder shall be tional certificate shall have full ach provisions by as they think

frac

25

ertificates ominal Bed in cancelled

capital of the

be increased from consisting of 75,000

10 each credited as

was carried un fully paid to $1,000,000 by the

strong posse of policemen station-put to the ed at these entrances to marshal animonsly, whereupon the Chair creation of 25,000 new shares of man moved the following Ordin the nominal value of $10 each, such new shares to be issued at That immediately on the afore-such time or times and for such aid proposed reduction being purposes and on such terms and me Court conditions in ery respect as the of Directors sole discretion con-

res of the