1935-09-26 — Page 6

BANKS

HONG KONG AND SHANGHAI

"BANKING CORPORATION

Authorised Cavitať".

$50,000,000

THE CHARTERED-BANK OF INDIA, AUSTRALIA & CHINA.

Issued and Fally Paid-up 20,000,000 Incorporated by Royal Charter, 1855, Reserve Funds

Sterling 8. $500,000 Silver .... $ 0,000.000 : Reserve Liability of Pro-

prietors

XEMD QYPICE HONG TONG

BOARD OF DIRECTORS. SE Dorset, Eng.

Chairman

C. C. Iniebt. Eig.

Deputy Chairman.

T. 3C Gnybern. Eng.

Chief Mazwer

HEAD OFFICE: LONDON ~ Paid-u Canital 20,000,000 Reserve Fund

Reserve Liability of Pro

prietors

LES,000,000 $3,000,000

000,009)

Agencies and · Branches:

Vor Eter

Took

Ranrkok

Kamobl

Pusteria Morebay.

Pulange

Крат Knabe

Canon

Siskowan

Cawnpore

Ceba

Colombo

Vie

Thi

Raishone

Sew Tort Punimur

Tuitzo

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

A. H. Compton Exqu

M. T. Johnson, Ex

Hon. Mr.*7. J. Paterson,

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

BRANCHES

AXOT

BANGKOK

LONDON ZMXS

PATAITA

ROWDAY"

CANTON

COLOMBO,

DAIREN

FF 4 TIMERS WED

TAMEPRE

En

ĦARBIK

WOWKER

STORA

THOR

TOFORE

· KORS

KOEL MIX

MALACCA

MANILA

**MTAR Cobory).

VTRORS

NEW YORK

PEITING

YESANG

KANGOON

SAMOS

SAY FRANCISCUI

XTALA LUMPUR

SPANERAI

STY & PORK ·

SOPRANATA

<PYGTI PATANI..

TESTS

· TYLEEN

TETNETAD

TOKOHAMA

Chamant anno commed' in Local: CurrenIT mardr

and Fire site waived: for ce shorter perinde în Ieral Cremoney and Stretine ich with her master? on menlication.

Hong Kong. 6th April. 1935.

HONG KONG SAVINGS BANK

The Bovies of the alerta Pankin randwet

að be the HONG KONG AND SHANGHAI BANKING CORPORATION,

chulmed on opplingtion.

Calcutie

Fambarg Husbow Harbin Hang Kong

*FREE* Fremier Barsbangs and General Banklar hastases Current Accrete opened and Find Depo mervised the one year or shorter periode së mim which will be quoted on topõestion.

A. BREARLEY, -

Manager. Hong Kong, 1st January, 1995.`

TAR

THE CHINA MAIL, THURSDAY

Commerce and Finance

NEW YORK STOCK MARKET

War News Holds The Limelight

POSSIBLY ADVANCES FORESEEN

In their market report, Messrs. S. EL Jay and Company, corres- pondents for Messrs. White Weld and Company, New York, state:—

"Stocks: The markets were firmer to-day. War news con- tinnes to hold, the limelight and any re-assuring developments advance. would cause prices to Business done: 1,090,000 shares. [= "Wheat: There is less stimulus from war news, which is causing same liquidation. A moderate short position appears to be deve

AMERICAN EXPRESS COMPANY, loping We think that the strong

INC.

Head Offer: 165, Broadway, New York

Capital Surplus Reserves

Avsterdain Annorary

Athear

Juvent

US$6,000,000,00 2,188,193.06 800.233.05

BRANCHESS

Pularme

aps or Fingrin

ਆਧ

Sapler

Roles: may do

Pumay

·FENTER

Hamborg Harry Pride Berg

fabro

・Tandina

sieutba

Ziveronok

Camera:

Criseks

el Chist Manager.

Hear Long. 5+b February 10

Commbague. Dublin

Tarthith Vanne

Vienna Caries -Tominu

Florence Genes

Trinkara Zurich

FOR THE MA KONG IND SHANGHAI BANKING CORPORATION..

T. I GRATEDEX,

Kenetharschon Singabong

[cash situation wärrants purchases for fair profits. Total sales: 25,818,000 bushels Corn: 4.172- |000 bushels.

"Copper: A good demand for consumption, both here and abroad, continues and the fundamental position is steadily gaining

strength. We would favour pur- chases at around the present levels.

"Silk: "Prost-taking - sales are supplying demand. The market still looks irregularly higher.

“Flash: Average daily petroleums production for the week ending September 21 was estimated - at 2,775,000 barrels, against 2,750,000 The barrels the previous week, Edison Electric Institute: esti- Branches of American Express mates weekly electricity produc-|

THE BANK OF EAST ASIA, LTD. Compact in Principal cities of United tion. at 1,852,000,000 kwh, an

Authorised· Capital

Paidwy Capital: sammen.

Reserve and Undivided Profeu ummā 2,480,000,00

HEAD OFFICE:—RANI ROKG

10. De Your Road: Central

BOARD OF DIRECTORS

Size Show-son Chów, Cani man,

24 Kami Chen, Ero, P. I Iwak_TAG___ Wout The Tons. Eat.. Chan Ching Thek. Een, Li Las Sang, Eng Wong Can Ron. Erg, and an Ting P. Zag

AMOT

Kan Tune To Ragu Shipt Mannae. Li Tao Tanz. Esq. Masse".

BRANCHEN AND AGENCIES 200

Garba Haiphong

Manda

Seattle

Semarang

Batsvis

Herber

Nataci

Shanghai

Coleusta

Kew York

Singapore

Fonrabaja

Preis)

Fereton

Talboks Thi

Takyo

Tamron For

· Haukow

Howelche

Lobe

"London

Priping

Panne

Rangoon

"Falern:"

San Francisc

Berg, Baseliption of Beaking, and: Exchange business("transected. Lovos gesisted an approved securities.

Currat, kerointi" opened In Local · Currency and. Fixed Deposita Penziwel · for one year1 OF aborter periods in Land and Foreign Companies ww termin, which will be anoted on applicatica

Safe Deposit Bone To Lam_"*

· KAN "TYYNG - 20.

Hi Chief Maongre

States of Ameries' and Canada.

increase of 13.5 per cent. over the] All classes of Commercial Banking corresponding period of last year.” Transactions undertaken.

Personal

handled.

investment-

accounts

Latest Quotations

The Commany ofere to intending The following quotations were Travellers the use of its “Travellers received by Reuter:- Cheques" and Letters of Credit and

in addition, the world-wide services

of its thoroughly equipped Travel N.Y/London Department

E. W. DUGGAN

LOCAL SHARES

TO-DAY'S QUOTATIONS

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

Banks

HK Bank $1,010 b.. H.K. Bank (London) £105 Chartered Bank $18 n; Mercantile Bank A. and

Meccantile Bank C. fts 1 Bank of East Asia $76 n.

2- Insurance Canton Fins. $180) ILA Union Ins, $375 b. “China "Underwriters: $1:10 **- China, Fire Ins. $382n

HK Fire Ing: $180 n. International: Assce”-$£ n.

Shipping

Douglases $36. HK. Steamboats $4 n. Indo-Chinas (Pref), $90 m. Indo-Chinas (Def), $12. Shell (Bearer) 70/- Union Waterboats $111⁄4 n.

Mining

Autamaks. 78 cts. n. Balatoes $14 the

Baguio Gold 24 cts, n.

Benguet Consolidated $113.

Benguet Exploration 13 cts. D. Benguet Goldfield 10 ets 22.

Big Wedge Sheta. De - Geld Creek 30 cts, n

Gold Riye: 7 CES: 1. Ipo Mining 90 čtu. n. Itogons. 36% ct a Salacots 16 ctx. xi. Kailan Mizing Ad. 11/- x.. Langkals (Single) Sh.$13 n. Shai Exploration Sh.$471⁄2 n. S'hai Loans Shi 154. a Baube $71⁄4 n.. Venz; Gakifield $2:30 n.

Decks, etc. HK. and K Wharves

$74 1

HK and K Wharves

Prev. To-day's

lose closu

$72

4:9344-82

THE WING ON BANK Montreal Silver Dec. 66.65

LIMITED.

¡N.T. Cotton Oct... 10.58 10.52 Manser. Rubber Dec. 12101192

[Chicīgo" Wheat Dec. 98% 981 Chicago Corn Dec. 581% - ST

66.76 Säver Oficial................... 65% 65-

Dow Jones Averages 130 Industrials 131.02 131:52.50 up

20 Rails 20 Utilities

Bead Office: Hong Kong 26. Der Vomix Raved: ContraŤ. Authorised Cavital $10.006,000 LONDON BANKERS:—— Westminster Band. Ltd. Foreign Exchange and every dana eriötion of banking business transact- ed.

+

Current Accounts, and Savings Ae-

·ports · ODEsed. Fixed Denosits re ceived at rates which will be quoted 'm suplication.o Special rites given

THE CHINA SOUTH SEA BANK for Special deposits.

LIMITED

vorporated in China) Head Office. ..Shanghai:

Capitel...

Reserve

Branches

Tavian

* $7,500,000.00

..$1,500,000.00

-All Important Cities:

in China

change (sad : Geomoć | Banking

"Bastnom trapontada.

·;

Comment and Seving. Accounts, menet and Flard "Depozite renaised for one weer ze skoring perioda

strains, which will, be, quëtel.en sooliestien.

"SOU Z. CHANG,

„Masseur.

HONG KONG BRANCHE

K. Der Torax Bowd; Central;

Foreign Fachange', Dept. General Offer

Carbier's Or

-TeŁ STUKS

THE YOKOHAMA SPECIE BANK

LIMITED.

Established 1880-

Capital (*-li wald-up) Meri. 100,000 NOR Reserve Fund...... Yen, 127,450,000

- Head Office>--YOKOHAMA

Branzies and A rencies atz

Nagasaki Narova

Alexandria

Rat via

Berit

"Rombar

Calcutta

Canton

Dairen (Dan)

New York

Osaka

*Paris:

Printre

PATROON

San Francisco

Teneben (Mukden). Rio de Janeiro

Hamburg

Hankow

-Farbin

Fong Kong

Tainking

Karachi

Robe

Fondan

Los Angeles

Manila

Meit

Seattle. Semarang

Shanghai Singanore Sourabaya Sudner Teatsin Tokyo...

Tierkow

Interest allowed for Curent, Ae-

Counts..?

Deposits received for fred peri

trates to be

Trusteeship and Executorship...un- Aartsken Safe Deposit Boxes Zor hire.

PHILIP. COCKCHIN Chief Manarer

1. GOCKCHTIN Asst. Manager

JA SHIT FONG Asst. Manager

THE SHANGHAI COMMERCIAL

SAVINGS BANK LIMITED (Incorporated in China)

Capital paid up ..... $5,000,000,

Reserves

$7,300,000. Capital Sayings Dept. $500,000.. Reserve Savings Dept. $800,000.¦ Head-Office—Shanghai-

A Bank having as its mission the industrial development ⠀ oz China and the fostering of her commercial relations abroad. Hong Kong Office

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

Is It Insured?

LOW

LATES

American As

Fed. Inc

General Agents"

Head Ofice

17, The Band-

Shanghai.

HK. Office

Building #Tel. 30234

Printles

ABLE

PICES

40 Bonds

-35.17· 35.45 28 op 25.255.25.35 10 up 96.47 96.5306 up

11 Commodity

Index

55.37 55.23 14 off Business Done: 1,090,000 shares.

BERLIN SHARE MARKET

WEAK TENDENCY DISPLAYED

** CHINA. MAIL" SPECIAL

Berlin, To-day." The share market was weak yesterday, with no specific trend. Odd lots of stock were offered to

the public, but there were few takers, the uncertainty about the international political situation causing extreme caution. Price changes were, however, mostly not great.

Fixed interest securities con- Itinued to decline, gold mortgage bonds being particularly weak. Call money was at 3 per cent → Trans-Ocean Service

REICHSMARK QUOTATIONS

Reichsmark Berlin, To-day. quotations. (Wifhout”.... guarantee) yesterday were: New York, 40.23; Paris, 610, Amsterdam, 59.765; and London, 12.2425, The Paris sterling quotation was 74.9, and the dollar, 15.18. Trans-Ocenzi Service.

B.

~(old)

(new)

HK, and W. Docks 39 n. Providents. (old) 55 cts. 1. Providents. (new) 20 cia n. Hong-Kew Sh. $240 m.-* --New Engineering Sh. $4 n.

Shanghai Docks Sh.$78 2.

Cotton Mills by Ewo Cotton Sh. $6.30 a Shanghai Cotton (old)

$65

HK and & Hotel $310 ́b. HK Lands $235 bi

NEW

FRONTIER CLOSED BY ADVERTISEMENTS

ABYSSINIAN GOVT.

{Continued from "Page 1) *

THE HONG KONG JOCKET

CLUB

RAFT & PROGRAMMES ® and

DENTRY FORMS for the

again to-morrow.

TEN DAYS GRACE BRIEF LULL LIKELY

Paris: On the eve of the Coun-NINTH EXTRA RACE MEET- Geneva: A brief lull is likely el meeting France is still hoping ING to be held on THURS while the Committee of Thirteen, that a fresh chance for concilia-DAY, 10th October, and SATUR- namely, the Council less Italy, dis-tion will occur before any DAY, 19th October, 1985 (wen=" cuss the reports and recommenda-sanctions are applied. Well-in-ther permitting) may be obtained tions to be made under Article formed French observers estimate at the Secretary's Qfice, Glouces- XV. Every effort is to be made at least 10 days" grace in which to ter Building, the Club House, to progress as quickly as possible, achieve an agreed settlement. Happy Valley, the Hong Kong but it will not be so easy for a big Assuming that the Council's Club, the Sports Club and the body as with the Committee of first step will be to appoint a com-Stables. Sham Kwong Roast. Five. Also it may be necessary mittee to draft the 'recommenda÷ Entries close at "12 o'clock to await the Abyssinian reply to tions, it is probable that the latter NOON on Monday, 30th Sep- the Italian charges of atrocities will require this time for its de-tember, 1935.

An important meeting of the liberations. Bureau yesterday aftertour": to

“COUNCIL MÈETING. TO-DAY

discuss procedure decided that the Geneva: The League Council Assembly be consulted before the meeting has been fixed for 10.30; final decision is taken, as to, whe-ja.m. to-day. ther the Burean remains in a

CLOSING OF FRONTIER; state of suspended animation in- Rome: According to a mes- stead of dissolving as usual when sage from Djibouti the Governor the work in hand is disposed of of Gondar has forbidden traders The Bureau will therefore 'meet to carry on commerce with: Ex- trea. It is stated that the arders came from the Government of

TEXTILE QUOTA SYSTEM

British Government's Action

ANOMALOUS POSITION TO- BE RIGHTED

London, To-day.

Abyssinia and they are internret

led to mean the closing of the

frontier.

ITALY DESTRES MANDATE “ Rome:

By Order,

G. B. BROWN.

Secretary Hong Kong, 26th Sept 1935.

DEVALUATION OF GUILDER?

EXPECTED BEFORE END OF YEAR

The newspapers hints

REGARDED AS INEVITABLE

The Hague, To-day.

that Italy should have a mandate The question of the devaluation

over Abyssinia and suggest that of the guilder is again a live is the matter might be dealt with by sue in consequence of the dis- direct negotiations between the cassion in the Lower House of interested Powers

the Government's economy mea-

A Paris message stater, that sures. Dr. Aalberse, the leader Le Tempe suggests that Italy m-of the Catholic Party, yesterday · tends to claim a mandate over announced that he would support The Board of Trade Journal an- Ethiopia as a "backward people the Cabinet against a devaluation nounced last night that the Gov-under Article XXII of the Coven-policy, but it is believed that the ernments of the British Colonial ant. The Journal says it cannot majority of the Catholic Party dependencies in which the quota at present see how the Council privately favour devaluation, system is in force for certain could be induced to recommend which they regard as inevitable.

Parliamentary financial circles types of cotton and artificial silk this, and British opinion particu- goods have been requested to ar-larly would not accept such a so-expect devalnation before the end

of the year-Reuter range that on and after November (lution of the dimeúlty.

certificate

RETAIL TRADE IN BRITAIN

Improvement Marked Up To August

London. To-day. The value of retail trade sales

I no such goods be regarded as U.S. NEUTRALITY ISSUE being of United Kingdom origin Washington: President Roose for the purpose of entry free of velt has issued a proclamation the quota restriction unless ae giving a list of implements of companied by a

of war for which export licences origin endorsed by one of certain must henceforth be obtained and Chambers of Commerce Reuter. which may be banned entirely in An earlier message said that the event of war. Raw materials textile manufacturers, who had suitable for manufacture into often been disillusioned regarding munitions are not included in the reported action for the ameliora-list which comprises rifles. tion of their none-too-happy lot chine-guns, all classes of ammunicent greater that in August 1934. yesterday hoped that they would tion. all types of war vessels not be hunting a false scent including aircraft-carriers and paying attention to rumours of impending new regulations foreign cloth being sold in pire markets as "British made.”

Had the Government" at long

in Britain in August was 4.4 pèr.

For the first seven months of the trading year total sales show- marises. aircraft assembled red an increase of 43 per cent dismantled, designed for fighting over February to August 1994 onnd utilising guns or bomb drop- Stocks at the end of August E-ping, aircraft engines, and mas were valued at 8 per cent less tard-gas and flame-throwers than a year ago and employment

Addis Ababa: The report that

Sa last responded to repeated repre- the Negus has ordered a generit was 2.2 per cent greater.

HK Lands 4% Debentures $100

D.

sentations on the part of Lan

Woven

mobilisation is unfounded.

Shanghai Cotton (new) $40cashire, that in order to earn the

EMPEROR'S TELEGRAM- Zoong Sings Sh. #831⁄2 m. -

aforementioned qualification, tex- London According to press Wing On Textiles Sh. $25 n.

tiles must be spun,

and messages the Emperor of Abys Lands, Hotels, etc.

finished in Britain?

sinia has telegraphed to the It was pointed out, for instance, League of Nations that 500,000 that was the introduction of the Looms have been sent towards the quota system for restriction of frontiers, but he states that they Japanese exports to colonial pos-will not approach nearer than 19 sessions of the Empire, very large miles, as the mobilisation is of a quantities of oriental cloth for purely defensive character. Hei the Empire had been dispatched to requests the League to send a com- England for finishing, after, which mission of neutral - observers to they would legitimately be shipped determine the responsibility for as British goodṣ.

any act of ageression which may Now at length came the report occur, and proposes that they that the Government was serious-j should travel by air at the expense |ly considering taking measures to of the Abyssinian Government. terminate this paradoxical situa- This request may come before the tion

League Council, at its meeting to day.

Shanghai Eands Sh. $15 n... Metropolitan Lands Sh. $10 m. Humphreys $71⁄2 n H.KRealties $4 1. Chinese Estates 386 1 ez div. China Realties Sh$4 n* China Debentures Sh.123 n.

Public Utilitew HE... Tramways $10.90

$10.85/90

Peak Trang (old) $51⁄2 1.. Peak Trams (new) $5 Star Ferries $78 n. Taumati Ferries $17 n. C. Light: 5790,k., $8,05 1 H.K. Electric 3521⁄2 B., $524/53

*Macao Electrics. $20. 2. Sandakan Light $3.5 Telephones (old) - $18 32. Telephones (new) $61⁄2 n. China Buses Sh$111⁄4 1. Singapore Traction 10/6 n. Singapore Pref. 22/-. n.

Malabon Sugar, $51⁄2 n= Cald, Macg, (Ord) Sh $19% Call: Macg (Pret), Sh$18 1 Canton less $18013 Cements 505 T HK Hopés $

Stores, etc. Dairy Farm €143% "Watson $8 m

RAW RUBBER PRICES Lane, Chawlard 33 n.

Latest Quotations From Singapore

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

Mackintosh 76 “Sinceres: $5 ́s Wm. Rovela Wing On (EL

Entertainment S. C. Enterpris -Macho, “Cravi Constructions Construction Vibro Pili Down

Ch: Govt:

(1936) 20% HK

Spot 19% Down % by 191⁄2 8.

1925 ANG BAB.

8%%

LOCAL DOLLAR

STEADY

Silver Prices Fall

The local dollar is stend ing on demand this morning 2/0

Both "spot" and

ver prices, however, declined, 1⁄2 to 29-3/16.

The London on New York cross rate was quoted at £ US $4529 as compared with £ US while the New York on Lon cross-rate was quoted at £ $4.92, as compared with f $925

A.0.B.C. FAILURE

3,000 Depositors To Be Paid In Full

Shanghai. To-day.

KEPORT STUDIED &

of the League | Geneva Care, engaged in of the report of the Si of Five which made public yesterday." port contains, with the

posals for the settl

jane dis

the

posals

Baron: Aloisi which he protested mittee had not siderati

brought against Ethiopia Italian memorandum.

* When the "Council meets and receives the report recording The failure of Committee, it

on further

recom

labora British

In pursuance of an order sign-evide

ed yesterday by Judge Helmick, tions bet

| more than 3,000 depositors of the 2nd-

defunct American Oriental Bank- ing Corporation will be paid in fall

About

Wireless Service.

TO-MORROW

AT THE MAJESTIC

Lots Live Tonight

Everything

one.. BUT YOUR

SAVINGS

RENT

FOOD

CLOTHING

HEAT

TAXES

WATER

CHITS

SAVINGS

SAVE SOMETHING

STAKT NOW UNDERWRITERS

SAVINGS BANK FOR THE FAR FAST,