1935-10-14 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised Capital

$50,000,000

Issued and Fally Faid-up. 20,000,000 Reserve Funds:---

Sterling

..£6,500,000

Reserve Liability of Pro-

prietors

HEAD OFFICE: HONG KONG.

Chairman

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter. 1555. HEAD OFFICE: LONDON.

Paid-up Capital

Reserve Fund

£3,000,000 £3,000,000

00,000

Reserve Liability of Pro-

prietors

£3,000,000

Agencies and Branches:

NOARD OF DIRECTORS,

Alor Star

Tailo

Bancom

S. Dadril, Eng.

Amrituar.

Ipah

Saigon

Bangkok

Karachi

CC. Kaixhe Zoq.

Deputy Chairman.

Hon. Mr. W. E. Bell

Hon. Mr. JJPaterson Care A. H. Compton Esq. T. E Pearce Esq., Cebu M. T. Johnson Esq. G. Miskin Est. JA. Plummer Esq, AL. Shields Esq. V. M. Graybara.. Esq

Bombay Calcotia Cantos

Klassi Kobe

Kuala

Lumpur

Korbing

Stadres

Can

bo

Manila

Medan

Toneta

spher

New York

(Khmer) Taingwo

(Piking)

Lamboanga

AYOT

BANGKOK MATANIA

HOTHAY

CALCUTTA

CANTON

CREAM COLOURO

DAIREN

·FOOCHOW

HUPONG

HARING

MANKOW HARHIN

RONGKEW

ILOILO

IPOHI

JOKORE

XOBE

KOWLOOK

Chief Manugut

- BRANCHES

LUNDON

LYONS

MALACCA

MANIZA

MUAR (Jobore)

MTKDEN

NEW YORK

PELTING

PENANG

BANGOON

SAIGON

SAN FRANCISCO

KUALA LUMPUR

SITANSHM

SINGAPORE

SOCRARASA

SUNGET PATANI

TIENTSIN

TOKYO

TSINGTAO

YORDEANA

Current Anastie opened in "Lonal "Cartracy

and Fland Depomin zremiued for bave your or wharter pericule in Local Curency and: Sorting

O ATTILA

which will be quoted on applicanon.

Hear Kg. d October, 199

HONG KONG SAVINGS BANK

The Buni of the store Bank in ronduct-

ed by the HONG KONG AND “HANGHAI BANKING CORPORATION. Kain may be obesited na wpulistinn.

FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION,

V. GRAVEX,

Bankow

Eour Boar

Priping

Penang

Søren Önem Shanghai Singapors

Kim W

Souraba

Taipitig

Foreign Exchange, and Genera? Banking business reacted

Current Accounts opened and Find Deposit received for the year or aborter perioda: si zakon | which will be quoted on application.

A. BREAFLRY, -

Hong Kong, 1st January, 1935. -

THE CHINA KAIL, MONDAY, OCTOKE V14:1335

AC ommerce and Finance

SILVER QUESTION IN AMERICA

Senate Committee Meeting

ELUSIVE ANNOUNCEMENT

Salt Lake City, To-day~. The United States Senate silver committee met all day on Satur day, adjourning with the elusive İannouncement. "we did not dis-

cussed politics; we are facts."

Senator Key Pittman described the proceedings as most harmon- Manager-jous, while Senator Thomas de clared that the facts thus far dia- closed substantiated his opinion that the "present silver policy was AMERICAN EXPRESS COMPANY. no better than a stop-gap-Reu

THE

INC

New York

Head Office: 65, Broadway,

Capital

Sarples

.UI.S.$5,000,000.00

2.183,633.06

Reserves

870,731.05

· BRANCHES:—

fienos

Glengow

Nice

The Hague

Saping.

HAYRO

*FICO

Taria

Pripit

Heidelberg Instakra Jermalem

Hamburs HAVEY

Priermo Rozedam Recom Shangbai"

Amaterkamm Antwerp

Aasman

Basic

Berbin

Bombay

Cairo

Chie! Manager.

Hot Long Fotuary, 1

Calrette Cante Caior.bo Caprobaren Dublin E-linbergh Florence Gener

Lurie Harmica

Mob Carle

Xanila

Manseh

Venice Yokohama “Zurich

THE BANK OF EAST ASIA, LTD.

Instbed wat Liverpool":

Incerte

Monteux

Southampton.

Singapore Tieretnin Taormina

Branches of American Express san_man_gon.de/ Company in' Principal cities of United $ 50.0 States of America and Canada. Beserve and Codinim I'm 100,000,00

· Autuorineš ·Capital Paid-up Capital

HEAD OFFICE:-RENG KONG. 10. Dea Terus Bad, "Central,

BOARD OF RECTORS:--

Air Show-wan "h, Scian.

ter

LOCAL DOLLAR RISES

Silver Prices Firm

The local dollar has advanced a farthing, opening on demand this morning at 2/0d.

Silver prices were steady at 29% and 29. 7/16 ·

The London on New York cross- rate was quoted at $-US.$4.90, ļas compared with £ US$4.903⁄4» while the New York on London cross-rate was closed.

EXCHANGES

All classes of Commercial Banking On London- Transactions undertaken.

Personal investment accounts hand-

Li Room Chat, EP. 5. K Eq. Yone led. Tun Tre, Eng Chan Chy Shh. Eng Li L Sans. Eas- Tong: Chu Son, E and Kan Ting Po. Erq

Kan Tone P. Ext Clues Kanger. Ji Tae Frog. Eug, Manager.

BRANCHES AND AGENCIES:-

Marvika

Melbourne

Emotio

Ang Patavin Bomber

Segmondj

New York

Panglui SisExper

Caton

Parin Pergine

Swatow

· Tushoko

Thermis

Takyo

Huishong

Mankow

Honolulu Kob Koinon London

Prvens

Yangon

tiger

San FrancmNER)

Vancouver Tokubums

·Every distiption Banking and Exchange | Engine started. Louis granted ...ot approved

Local Currency Current Beroune«- opened in and Fixed Dejemite weekend test over your d shorter perioda `in Local and Forigo Cuzzwarire on herons which will be quoted on application.

Side Deponit Book To Let

KAS TONG. PO,

Chirt Manager,

On Singapore.........

The Company offers to intending On Shanghai... Travellers the use of its "Travellers Cheques and Letters of Credit and addition, the world-wide services of its thoroughly equipped Travel Department.

E. W. DUGGAN.

Manager.

THE WING ON BANK

LIMITED.

Head Office: Hong Kong

26, Des Voeux Road Central. Authorised Capital $10,000,000

LONDON BANKERS:-- Westminster Band · Led

On demand

On Japan-·

LOCAL SHARES

TO-DAY'S QUOTATIONS

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

Banka

H. E Bank $1,000

1,0171⁄2 32**

AUSTRALIA'S £711,000 SURPLUS

YEAR OF BETTER TRADE

TAXES CUT

Canberra, September 24.

SA surplus of £711,000, favour Jable trade balance, and remissions

MANCHESTER MARKET

US. Cotton Report As

Big Surprise

LOW OFFERS FROM INDIA PREVENT TRANSACTIONS »

Messrs. James F. Hutton -and

1,015/ taxation were among the fea-Co. Ltd, Manchester, reported on tures of the speech made by Mr.September 11 as follows:

H. K. Bank (Londori) £1041⁄2 Chartered Bank 513 0. Mercantile Bank

T

A and

Mercantile Bank C. 51234 a. Bank of East Axis $60 n.

Canton Ins. $180 n. Union Ins. $975 b. China Underwriters: $1.10 n. China. Fire Ins. $382 n. H.K. Fire Ins. $130 n. International-Assce. $4 ̊R.

Shipping....

Donglases $36 mi A.K. Steamboats. $4 n.” Indo-Chinas (Pref.), $30 h. Indo-Chinas (Def), $12 m. Shell (Bearer) 74/41⁄2 n. Union Waterboats $113⁄41⁄4 n

Mining

2-

R

Antamoks 70 ets. n. Balatocs $14 1 Baguio Gold 22 cts, s. Benguet Consolidated $10.60-3; Benguet Exploration 13 cts. II. Big Wedge Sets

Gold Creek 30 cts. n. Gold River 531⁄2 cts. Ipo Mining 90 cts, a- *Hogers: 361⁄21⁄2 eta 1.

Salacots 15 ets. n. Kailan Mining Ad. 10/6.n. · Langkats (Single) Sh-$13 n. Shai Exploration Sh.$41⁄2 n. S'hai Loans Sh. $54 m. Raubs "$6.65 1.

HK and K. Wharves (old)

$72 IL

TO-DAY'S QUOTATION

On T.T. and demands

2/24

Venz; Goldfield $2.50 n.

Docks, etc.

4 months sight

21543

Credits 4 months' sight

2/-1

HK and K Wharves (new)

On demand

133

$70°-

86

H.K. and W. Docks. $9 n. Frovidents (old) 45 cts. b.

On demand

17234

On India-

On T.T. and demand ..

13372

Providents (new) 20 cts. E. Hong Kew Shi $2371⁄2 z. New Engineering Sh&4 n. Shanghai Docks 80 n.

On New York-

On demand

49

Credits 60 days' sight

50%

On Batavia---

$65 n

On demand

73

On Paris

On demand

750

Credits 4 months' sight

73736

On Saigon-

On demand

7434

HK and S. Hotel $3.15 b. HK Lands $24.40 1

HK. Lands 4% Debentures $100

99

n

Shanghai Lands Sh-$13.90 n.

91

- Metropolitan Landa Sh. $10 a.

Humphreys á mi

Foreign Exchange and every des- On Manila- cripton of banking business transact- ed

Current Accounts and Savings Ac-] THE CHINA & SOUTH SEA BANK, counts opened. Fixed Deposits re

LIMITED

(Incorporated in 'China) Head Office-Shanghai

Capital

Reserve

$7.500.000.00 $1,500,000.00

Branches-All Important Cities in

China Foreign Exelunge and General Esaking, Buniczne transarted.

Current Saving Accounts opened and Fixed: Deposits rived for one yela of shorter periods st rates which will be quoted on-application

ĐƯỢC 2 THÁNG,

HONG KONG KRANCH: 211 Varus Boud, Centext.”

"Manager"

Foreign Exdrage, Dept.

General Offe

Cashier's Cor

Manager-

3500

THE YOKOHAMA SPECIE BANK

LIMITED

Established 1880

Capital (full paid-up) Yen. 100,000,000) Beserve Fund ***** Yen 127,450,000)

Head Office: YOKOHAMA

Branches and Agencies at

Alexandria

Bataviz

Berlin

Bombay

Calcutta

Canton.

Dairen (Daly)

Nagasaki

Nagoya

New York

Osaka

Paris

Peiping

Rangoon

Fengtien (Mukden). Rio de Janeiro

Asinking

San Francisco

Seattle

Semarang

Shanghai

On demand

On Bangkok--

On demand

ceived at rates which will be quoted Sovereigns bank buying rate 2/-% on application. Special rates given

for Special deposits.

Trusteeship and Executorship dertaken.. Safe Deposit Boxes

hine.

PHILIP GOCK CHIN Chief Manager

L. GOCKCHIN Asst. Manager

THE

Bar Silver per oz.

for Copper cents

LI SHU FONG Asst. Manager

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China)

Capital paid up

Beserves

$5,000,000.

$7,300,000.

Capital Savings Dept.. $500,000. Reserve Savings Dept. $600,000.

Head-Office-Shanghai.....

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

7, Ice House St.

Phone 31481-2-3

Is it insured?

„LOWEST RATES American Asiatic Unde

Fed. Inc., USA. General Agents

Hamburg

Hankow

Harbin

Hong Kon

Honolulu

Singapore

Head Offee

Sourabaya

17, The Benv

Sydney Tientsin

Los Angeles

Tokyo Tsingtan

Manila

Moji

Karachi

Kobe

London

Interest Allowed for Curent

Kong, 12th Sep

2938

par.

Bar silver in Hong Kong Copper cash

Bate of native interest Chinese Sub Coin Hong Kong sub, coin

3% p 30% dis paz.

Cotton Mills.

Ewo Cotton Sh. $5.60 k.

(old) Sh Shanghai Cotton

Shanghai Cotton (new) $40, n. Zoong Sings Sh. $84 1

Wing On Textiles Sh. $25 n Lands, Hotels, etc.

HK Realties $4 m Chinese "Estates $86 m. "China, Realties Sh.34 m.

China Debentures Sh435 n.

Public Utilities HK. Tramways $10.85 b. Peak Trams (old). $57% 2. Peak Trams (new) $5.n.

RAW RUBBER PRICES Star Ferries $781

Latest Quotations From Singapore

Messrs. H. B. Joseph & Co. have received the following Straits currency quotations from Singa- pore for raw rubber.

Spot 20% up 1⁄2 b., 21% November/December 213⁄41⁄2 up 1⁄2

b., 21% 8 January/March (1936) 21%

unchanged b. 21% B April/June" (1936) 22% -

changed b., 223 Market:

Upwards

Firmer-Tendency

AIR MAIL PLAN IN AUSTRALIA

New Inter-Capital Service

Melbourne. The Commonwealth Cabinet has} Asia Life accepted the plan for an inter

capital air mail service, and is

pected to invite tenders before the end of the year.

Tel, 1923

Your

The tenders are likely to be estricted to Australian companies

multi-engined British plane

the Prime Minis wnounce the detai

Yaumati Ferries $17 n.

C Light 3700 h 18 2 790 và ELK. Electrics $531⁄44 3-, $531⁄2

-32

Macão Electrics $20 n. Sandakan Light $3 a Telephones (old) $174 b. $17.60

В

Telephones (new) $64 s. China Buses Sh$111⁄4 1. Singapore Traction 10/6 1. S'pore Traction Pref 25/- 1. Industrials

R. G. Casty, the Assistant Trea- “The” publication of the United surer, in introducing the Austra-States Government cotton repart lian Budget in the House of Be on Monday night caused some sur- presentatives to-day.

prise. While traders generally Points from his statement in were expecting a crop of round

NEW ADVERTISEMENTS

0

CHINA HOMEWARD-

CONFERENCE

FREIGHT TARIFF No. 16

dated

1st February, 1935.

ADDENDUM No. 9

NOTICE TO SHIPPERS

WING to the unsettled inter

national situation. shippers are reminded that all freight quo- Įtations are subject to alteration or

cancellation without notice.

Hong Kong, 14th: October, 1935.

clude: Budget | Surplus-Results for were 11,439,000 compared with ~1934–35-show-k total revenue last-inonth's estimate of 11,798.000

· of £76,252,000 and expenditure bales. The reduction is explain- | £75,541,000, giving an excess of ed by the condition figure having receipts of 3711,000 against an fallen from 73.6 to 6-45 per cent anticipated excess of £14,000 (and the yield per acre fromTM 1983. Revenue exceeded the estimate ths to 192 Ibs.

about 12,000,000 bales. the figures TURKS NOT QUITE

UP-TO-DATE-

Mock Air Raids As.

Lesson

by £4,059,000,

Despite the bullish figures prices Improved Conditions-The in-at Liverpool and New York only! MASS FLIGHTS IN PROGRESS

creased revenue indicated the advanced a few points on the re- general improvement in consumption of trading. Prices have

year.

•

Indian Interest

lover Turkey:

Ankaral

ditions in Australia. Although since steadied up and dealers are For three and a half days. wool prices in 1934-35 were #p-hoping that these settled condi-squadrons of military, aeroplanes preciably lower than in 1933-34tions will last as they will give have been making, mass fights the finances of the latter year business a chance to develop. *were influenced by the higher

Istanbul has been "bombed,” prices of wool in the preceding

Although actual enquiry from and the Turkish populace bas season. The outlook for wool India has been better, low offers been made aware of what a modern this season is brighter and re-

have effectively prevented business air attack means for the first time. cent sales have been on a cun- siderably higher level than last materialising. Calcutta has shown In Istanbul the artillery school rather more interest in dhooties, was singled out as the main tar- More Employment. There has prints and white shirtings but so get of attack. A jury of "um- been a continuous decrease in far looking has only been done on pires" was stationed inside it to

a limited scale Karachi has decide on the number of bits... unemployment. from 30 per

Altogether 84 aeroplanes, divid- cent. in 1932 to 17.8 per cent in offered for mulls, while dyed goods

have been in request for both ed into seven squadrons, took

· the second quarter of 1935. Overseas Trade-In 1934-35 im-Delhi and Bombay. In some cases part in the "raids over various

Turkish towns. ports increased from £60,000,000 offers have not been very far out.

Power Of Gas Poplins and satteens have been to £72.500,000. Exports decreas-

Each squadron had to corer ed from £97,000,000 to £89,000,- in moderate demand for certain of

ciremlar 000, due to the fall in vaine of the up-country outlets. Voiles have about 2,000 miles in

flight and return to its base after been in request for Rangoon, while the wool clip...

having visited the other, zero-

and a half days.

Trade Balance The year's fav-enquiry from Shanghai has restdromes in the course of the three

ourable trade balance was 237ed in the placing of, moderate lines These has been en- 000.000, thus leaving a large of fancies. surplus of London fund for quiry for finishing cloths from the Near East and Egypt has placed meeting overseas obligations.

DEBT CONVERSIONS

Public Debt The London debt

conversions novi

several lots of bleachers -

These aerial manoeuvres are to be repeated periodically. Further "raids, it is announced here, will demonstrate the devastating power of poison gas dropped from.

South African Orders Prints and heavy goods have the air” totalled more been enquired for from West They are also intended to make than £160,000,000, or approxi-Africa, so far without much re the population familiar with the mately 37 per cent of the Aus-suiting Drills and coloured stripe dangers of air attack, and give tralian securities held by the jeans have been in 'demand for the people practice in taking public in the United Kingdom South Africa and one or two fair cover.

The interest saving amounted to lines are said to have been placed. Shelters are now being planned

South America has shown more by the Government. $3,000,000 Estimates.There is a balanced activity and enquiry. covering

Budget Total revenue is ex-poplins printers and specialities BABY BEAVERS AT pected to reach £77,190,000, has resulted in a useful trade de against £76,652,000 last year,veloping. In the Home trade sec and expenditure £77,173,000 tion business has been of a mis- against £75,541,000. The antici-cellaneous character covering a pated surplus is therefore £17,-variety of fabrics.

to

000. The defence estimates are increased by** £1,238,000 $7,252,000.

Taxation Relief There is to be al

"SCHECHTERED”

reduction from 6 to 5 per cent Minister Coins New

in the rates of special property income tax, representing a re- duction in revenue of $200,000 per amn. Further exemptions from sales tax are provided at a cost of £200,000 annually. Primage and Excise Duties:"

Word

Washington

WHIPSNADE

Can Now Be Seen Playing

NOVEL SIGHT FOR VISITORS

Four baby beavers provide a delightful picture at Whips

nade. Although they were born four months ago, they were sel dom seen until recently. They The Schechter Brothers, hum- now play in the pond in full ble New York poultry dealers, view of visitors

The first intimation of their whose test case brought to the

arrival was the disappearance Provision, has been made for a Supreme Court this year, led to further remission

was seen

of primage the downfall of the President's of the female beaver for several duty to rectify certain anomal- entire NRA programme, are-in days and the male les relating to materials of danger of lending their name to carrying food into their home in the langu in the banks of the pond which more than two-thirds are a new slang term

When in due course the female British. By these concessions lage, bon

certain British goods will bene- Mr. Wallace the Secretary of emerged, the male remained in fit to the extent of £30,000. Agriculture, direussing the posthe house while she swam about The Government proposes a bounty sibility of the Agricultural Ad. the pond. The beavers were of 25. per case on oranges ex-justment Administration sharing never seen together in the pond, ported to the United Kingdom.. the fate of the NRA by decision the male always taking charge In concluding, Mr. Casey said of the Supreme Court, let slip of the nursery when his wife wanted a change. But at with reference to the world de-this curious phrase; m pression: "The fact is significant "If we are Schechtered I fear length the female walked out of the house accompanied by four that the countries of the world in the farmers will be the sufferers babies and began to teach them

If the Cabinet Minister's phrase Malabon Sugar $81⁄2 1.

which improvement is most notice- Cald. Macg. (Ord) Sh.$194 n. able are the members of the Brit-spreads future dictionaries may to swim and dive..--

Now the youngsters are old- be expected to include:

enough to be left to amuse Cald: Macg. (Pref.), Sh.$13 m. jish Empire.”

"Schechtered American slang for themselves while the old bea- Canton Ices $160 n.

to be unconstitutional, as the Cements $3.15 b.

NRA.” HK Ropes $160 b. Stores, etc.

Dairy Farms $14.40 6. Watsons $2.90 b. Lane, Crawford $2 Mackintosh $In Sinceres $2.80 11- *Wm. Powells 70 cis, nie

Wing On (HK.) 355 m.

Miscellaneous Entertainments $4-1950 SC Enterprises $135 2 Macao “Greyhounds” $2_n. Constructions" (old); $1.10 n Constructions (new) 25 cta. 2. Vibro Piling $4 m. -

Ch Govt 5% 1925 G$Bas.

91%

FILM STAR AT 77

Man Who Practises

A Lost Art

Mr. William Aldred, of Sibton. Suffolk, was the leading charac- ter in a film,This Was England,” shown for the first time at Ips- wich recently.

REVISED MEDICAL

vers wander about the enclo sure, collecting food or touching up their dams and bridges. The babies are extremely play- ful and appear to have set games, for they push sach Fother into the water and swim across the pond as though rac- ing. At other times they try to help the old beaters by carry. ing twigs and collecting mud- Although their efforts seem Ministry orders indicate more of a hindrance than a help. temporary measure, to be the parents always, encourag

STANDARD

For Retention Of RAF Airmen

London

He is 77, and when he saw him self on the screen it was the first fim he had ever seen.

The film depicts Suffolk agri-reviewed from time to time ing them cultural life, and Mr. Aldred de revised medical standard for the monstrates double-handed broad-retention of airmen in the ser casting, an old Saxon method of vice

sowing which he is the last to "Owing to the ine

quirements in personnel of the The adience of country people panded Royal Air Force.

HK Govt 4% Loan_53⁄4%% } practise.

scenes with cries

Helen-

ELK Govt 84% Loan 4% dis

Wallace Harpers $4

"Look

there's Grandpa..

old George%%

to discharg

for Air Force zervi tained, pro for the

Order it has be

Jer existing standards" be liabla