1935-11-15 — Page 8

BANKS

HONG KONG AND SHANGHAT BANKING CORPORATION

Authorised. Capital

$50,000,0X30

Issued and Fally Paid-up. 20,000,000- Reserve Funds Sim

Sterling

£6,500,000-

Silver $10,000,000 Reserve Liability of PRC

prietors

HEAD OFFICE: HONG SONG.

BOARD OF DIRECTORS.

& Dodwell. Eng.

C. C. Snight, Esq.

Depoty CharDNA

Hon. Mr. W. E. Bell

0,000

THE CHARTERED "BANK OF INDIA, AUSTRALIA & CHINA,

Incorporated by Bayal Charter, 1855.

HEAD OFFICE: LONDON --

Paid-up Capital Reserve Fund

| Reserve ~ Liability, of · Pro-

prietors

«Agencies and

| Aloe Blur

Camapore

Hon Mr. J. Paterson Co

A. EL. Compton Esq, T. E. Pearce Esse MT. Johnson Esq., JA. Plummer Big phong, G. Miskin Esq. A. L. Shields Fağ..

AMOX

BANGKOK

BALAVIA

BUMSAT

CALCUTTA

PANTON CITEMDO COLOMBO

DAFEN POOCHOW HAIPHONG

FAMBUEG

HANKOT KARSIN

BONGEST

MALA

ZPOS

JOHORS

LORE

KOWLOOK

7. H. Graybuzo, Eag

Chic! Manager.

BRANCHES

which but PUR

ZANDOM

ATONS

——MALACCA

MANTIN

MAB Cohor MUIDEN

NEW YORK:

PELPING

PENING

RANGOON

SAIGON

SAN FRANCISCO

SHANGHAI

SERGEI PATANI TIENTSIN

Tukio

TOKCHINA

Current Actions opened in Lomel Carency and Ploed Depoisse zosived for one year of "shartar" "paciods in Locat Caesary "and"startby

en forma which will be quoted of applications 4150 up to date SAFE DEPOSTÍ BUZZER 12 venous S TO L

Hong Kong 1st November, 2355,

HONG KONG SAVINGS BANK

***Business of the abrum Bank i condget. 4462 NUNG AND GRANARY BANKING CORPORATION.

Priping

Peking) Pusong

Formiga, Exalonga må Gonsent Banking basison Carwal Acount opened and. Fimed "Deponite, recolved for one year or poocher periods, at enhan which will be quoted an appčivation.

A ́BEFARLEYL,

Manager. Hong Kong, 1st January, 1995.

CHIKA-MAIL. DAY, NOVE

Commerce and

Finance

GROWING BUSINESS ACTIVITY

Promising Conditions In British Trade

STEELWORKS "RE-OPENING" AND ORDERS COMING IN

London, To-day. Evidence of growing business! activity which promises well for continued recovery in the next period acemmialates. News has reached Swansea of plans to re- open the CWM. Felin-Tinplate Works, which have been idle for years. It is understood AMERICAN EXPRESS COMPANY, that the plant will be employed

THE

INC.

Head Odine:-65, Broadway, New York

Capital

Surplus Reserves

.U.S.$6,000,000:00-

2,183,633.06

870,731.05.

BRANCHES ;=>

Grande

Aateway)

The Hagon Baveta

Bombay

Bryan

Cairo

Hatre Heidelberg Interlaken

London LiverpooTM

Chad Manager.

Hong Kong, 28th February, 1985

woed os appostion.

FOR THE HONG KONG AND SHANGHAI PANKING, CORPORATION.

V.-X-GRASEURS,

THE BANK OF EAST ASIA, LTD.

*Luftwined Capital

Paid-up Capital

$30,000,000.00

Beserve and Undivided. Prošle mě 2,680,000.00

HEAD OFFICE:--HONG KONG.

14 DIE Vux Hood, Castrat

BOARD OF DIRECTORS:—" Show Chow, Chasezati. Koon Chang P. L Karok, Esq., Tong *You Tong, Eng. Chan Ching Shak, Eng. Lat Lag Hong Cha bon, Eng, and Yam Yong bang. Eng

Kai Tony Po. Enq- Chief Kazugm... La In Fong. Enqui Sana

BEANCHES AND AGENCIES.

Konta

Shelbourne

Seattle

Napaaki

Cicutle

Sew York

Shangha Singapore

Pasa

Salom

byday

Tieteikt

Maiphong

Babikow Homily Kabe Kowloon Landon

Turing Pasang

Hangoon

Saigon

tian Francisco

VanDETEC Yokohama

Every deciption of Banking and Exchange Beamers Lamcted. Losse granted de appetereć

Current inscante opened in Local Camancy

· and Fared Depositą · roosived for comme abarter perioda in Lomi and Forsign Comm

de tercer which will be quoted on application. (-

Safe Deposit Bats To L

KANTONG PO

Chist-Manager.

THE YOKOHAMA SPECIE BANK

LIMITED

Established 1960-

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

Head Office: YOKOHAMA

Benches and Agencies at: -

Nagasaki Nagoya New York

Ozals

Alexandria

-Batavia viun

Berlin

Bombay

Calcutta

Canton

Dairen (Dalny)

Pa

Peiping

Rexgion

Fengthen (Makden) Rio de Janeiro

Hamburg

San Francisco

Seattle

Semizing

Hankow

・Habin

Hong Kon

Shanghai

Hozoizila

Sinesport

Hinking

Sourabaya

Karachi

Robe

London-

Los Angeles

Manila

Ma

counts.

ydney Tientsin Tokyo

Tsingtan

Cannen Colourbo Copenhagen Dublin Edinburgh Florence

Genera

Lecerne Lugano Laczor

Peeping

Rotterdam Bottle

Soutdoo Singapore

*merkits

Konto Caria Manila Munich

Tokhara Zazial

in the manufacture of steel cases for the carriage of fish in place of the wooden boxes now in use. It is also consider ed probable that the Bryngwyn Steelworks in South Wales, which have been closed for six years, will begin work again shartly.

At Monkton, near JarrOW, Durham, there is a proposal to construct new coke ovens "and-a- by-product and coal-cleaning plant at a cost of £250,000, which will use about 200,000 tons of coal annually.

One works at Middlesbrough, which has just booked a single order for 35,000 tons of steel, has increased its earnings by

Branches of

American Express 18 per cent since 1931 and is Company in Principal cities of United employing 59 per cent

labour- British Wireless Ser- States of America and Canada.

All classes of Commercial: Banking Transactions undertakeri.

led

vice

more

Personal investment accounts and BERLIN SHARE

The Company offers to intending Travellers the me of its "Travellers Cheques" and Letters of Credit mud, maddition, the world-wide services of its thoroughly equipped. Tarel Department.

E. W. DUGGAN,

Masage.

THE WING ON BANK LETED.

Head Offer Hong Kong 26, Des Your Boad Central Authorised Capizel - $10,000,000

LONDON BANKERS:

← MARKET

Prices Firmer All Round

“CHINA MAIL" SPECIAL

Berlin, To-day. The share market. yesterday (was firmer all round, because "in- vestors placed buying orders plentifully, largely owing to the favourable economic reports from the home markets. Among these was the news that the Deutsche- Foreign Exchange and every des- werft had obtained new foreign cripton of banking business transact orders, while the latest report of the German | Institute for Busi- Curent Accounts and Savings Ac-iness Research shows a consider- counts opened Fixed Deposits re teived at rates which will be quoted able increase in industrial out- on application Special rates given put in November. - for Special deposits:

ed

hire.

Westminster Band, “Ltil. UN

dove

Very little business was Trusteeship and Executorship in the fixed interest securities' dertaken. Safe Deposit Boxes for market, but prices were little

PHILIP GOCKCHEN

changed except for provincial Call loans, which were weaker. Chef Manager

money was at,3 per cent-Trans Ocean Service.

L. GOCKCHEN. LI SHU FONG

Asst Manager.

Aart. Manages

THE CHINA & SOUTH SEA BARK, DRIFTED

(Incorporated in China). Hand Offer Shanghai

$17,500,000.00

SOUNDRIES 2,500,000.00 All Important Cities__in]

Foreign.Erbunge und Gestent Banking Betiness

·Cuerves sod Buring-Acvoenia, zpoond and Prend". at cutes which will be quoted an application.

Interest allowed for Current A-Depita roved for one your or sharine parious

Deposits at rates to be obtained on

Pplication

C KISHINAMI,

Bong Fang, 12th September,

Manager

Tour_Band, "Contrať.

A Loyal Subject

LOWERSL

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED - (Incorporated in China)

Capital paid up $5,000,000. $713:00.000 Reserves Capital Barings Dept. -$500,000. Reserve Savings Dept.. $800,000. Head Office--Shangkaf

A Bank having as its mission the Industrial, development “on) Chi and the fostering of ber commercial relations abroad.

7. Ice Home SI Phone 31481-23

LOCAL SHARES

"TO-DAY'S QUOTATIONS

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

Broka

HE. Bank I450 3.

H.F. Bank (London) #100 ni Chartered Bank £153⁄41⁄2 n. -Mercantile Bank A and

52531. Mercantile Bank C. £12% *. Bank of East Asia $70-h

Insurances

Canton Ins.. $255 3

Unions Ias $575 sa. China Underwriters $1.10 a. China Fire Ins: $400 m. EE Fire Ins. $255 s.. International Assce. $4 D.

Shipping

Douglases $36 2.

· H.K. - Steamboats $4 n.. Indo-Chinas (Pre£), $50 n. Indo-Chinas : (Def.) Sul Shell Bearer)-80

Union Waterboats $1134 D.

Mixing

Antamaks. $1 sa Baldocs $17

b.

Baguio Gold 22 cts. Benguet Consolidated $15 Benguet Exploration 15 cts. Ila Big Wedge 8 pts. 1 Gold Creek 30 etan in Gold River 512 cia. I Ipo Mining 90 cts. 1- Itogons 361% cts. 1. Salacots 15 cts. z. Kalan Mining Ad. 12/6 1 Langkaix (Single) Sh.$13 n. Shai Exploration Sh.$44 m. Shai Loans Sh. #534 n.

Rambs $10

B.

NEW YORK STOCK

MARK

Active Session Witnessed

„„SUBSTANTIAL ADVANCES IN MOST SECURITIES

BANK RATE IN FRANCE

RAISED AGAINST BY ONE PER CENT

INCREASE DUE TO DROP - IN GOLD RESERVES-

Paris

The Bank Rate bas

ly been raised from cent Similarly, the Messrs. White Weld and Com-been raised for 30-day pany, New York Correspondents The rate for advances against for Messrs. S. E. Levy and Cam-curities has been raised from pany, "reports

to 5 per cent.

The increase is due to the-drop Stock:-A most active session

witnessed to-day accom in gold. The Bank_of_Francel panied by substantial advances in statement shows that 660,000,000 most securities. The strength of francs worth of gold was withs the market is probably due to the drawn during the week ended No- belief that the President's pro-vember 8thS

SEA

is Jess

LOCAL DOLLAR ADVANCES

NEW ADVERTISEMENTS

Centrali

NOTICE

Hong Kong, 15th November,

BISHOP IN COURT

Alleged Violation Of Currency Laws

• CHINA MAIL ** SPECIAL

**Berlin, To-day. Before a crowded Court the trial of the Roman Catholic- Bishop of Meissan, who is

-violation of charged

mise of a breathing space" for The increase is also due to business will be kept Towards certain unevenness in the French the close, however, some profit political situation Re taking was in evidence Business done:-3,950,000 shares.

Whest:--Sentiment bearish and any revival of de- mand should cause a substantial

Total sales: 32,829,-1 recovery.

Com: 4,116,000;

The local dollar has advanced Cotton: There was general halfpenny, opening on demand buying: on assurances of an exten-this morning at 1/5 (nominal). Theodore Legge, who is the- Silver prices were steady at}

000 bushels. bushels.

Silver Prices Firm

foreign currency: "†began. sterday. The ind fment states that the sum of $140,000 marks was involved

The hishop's brother, DE

ision of the 15 cents loan and on

demic Department of the Boni reassuring statements by the Ad-spot 29-5/16 and foSecretary-General of the Aca facians Association at Pader instration regarding general 29-1/16; --

The London on New York crossbarn, the bishop's vicar-general, business conditions. Sentiment is bullish and 12-cents for Spring rate was quoted at US Professor Wilhelm Soppa, were months is predicted by the end $4.91%, compared with 5 also accused of complicity.

while the New of the week.

We would suggest US$4974.

The Bishop and his brother- York on London cross-cate *** were both provisionally exam- taking profits at that level.

Bubber We remain hellish in quoted at US$492, 2 cam-lined at yesterday's proceedings-

four outlook.

Hots

Total sales: 283 pared with 3-US$19264-

Flash: Brokers' Loan during,

the past week amounted to $855 THE FINANCES OF

000,000.

Latest Quotations

The following quotations "were received by Router?--

Frer. Today's close alone

4924: 4915)

Venz, Goldfeld $2.30 n.

NX/London

Docks, etc.

cross-rate

HK and K. Wharves

$907

(old)

NY Cotton Dec.

11.61

-1183

NY. Pubber Dec. 13.22

12.40

(new)

Chicago Com Dec. 59 Silver Official (20

Chicago Wheat. Dec 93%

96%

65%

65%

~HK and X Warves

$8734 LL.

· H.K. and W. Docks $9 m Providentsi (old) $130_n. Providents (new). 20 ets: 1. Hong Ke Sh. $23752 123: New Engineering Sh.$4 n Shamybai Docks.

Cotton Hills Ewo Cotton Sh.18% za. Shanghai Cotton

$35***

(old)

Shanghai Cotton (new) 55 Zoeng Sings Sh.$12-14 Wing On Textiles Sh. #5 n Lands, Hotels, etc HK and S. Hotel $5.60 1 HK. Lands $35 33.8

2 Pris 20 Utilities: . 40 Bands.

· Dow Jones "Åverages 30 Industrials 143.59 145.59 2.00

36.13 36.33 80 up. 28.75 -- 29.07. 182 up

·96.07 96.39. 2.4. 11 Commodity.

56.44 $730965 up Index Business Dose:-3,950,000 shares.

RAW RUBBER PRICES

CHINA

Readjustment Of Local Taxation

MISCELLANEOUS LEVIES ABOLISHED

GOLF STARTING

TIMES

Pairings For Fanling

Next Sunday.

The following are the Boys! Hong- Kông - Golf Club starting times for Fanling next Sunday.

OLD COURSE. 97% am. 0. R. G. Marton, D. S

Edward

9.25-

-9.40

Nanking, To-day.. Dr. H. Kung, Minister af 2.32 Finance, was the host yesterday 9:36. jet a luncheon party in honour of the Finance Commissioners, of the various provinces and mem-344 bers of the Taration Supervise sory Committee who are resident] 9.48 jin various provinces and musici-

alities.

9.52

56

In the course of the luncheon. 10.00 Latest Quotations From Dr. Kung expressed his gratifics-

Singapore

tion for the efforts of the man- 10.04 cial authorities in the various 11.08 provinces and municipalities iz Messrs HB Joseph and Co the readjustment of local finance ] 10.16 have received the following and the abolition of miscellan

10.12

HE. Lands 4% Debeatures $100 Straits currency quotations from cous taxes and exorbitant levies 10.20

Shanghai Lands: Sh. 720 (n.), Metropolitan Lands Sh. $10 » Humphreys $10.55

HK Realties $6.10: n Chinese Estates: $86 m. Czina Rexities. $4 m. China Debentures. Sh.455 m

Public Utilities

HK Tramways $14:60/14.10 82. Fest Trams (old) $5% n. Peak Trama_(new) ·$41⁄2 n Star Ferries 390 sa

Yamnati Ferfles $17 n. C. Light 11 h, $ti sa E.K. Electrics $69 5. Macao Electrics $20 zz, Sandakan-Light 48 n. Telephones (old) $241⁄2 n Telephones (new) $101⁄2 n. China Buses Sh 11 2. Singapore Traction 18/- 1. Spare Traction Pret: 25/- Bo Industriala

Malabon Sugar $8.40 a Cald, Maeg. (Ord.) Sh.$191⁄2, z Cald: Mac (Pref); Sh. 13 n.. Canton Ice $1-50

Cements

HK p

Singapore for zaw ribber, T.

Spot 22 % Up.14 3, 22% s January/March 22 % Up 1⁄2

23/3 $ April/June 23

Up2b

July/September 24 Up 1⁄2

24/4

Market: Quiet

Stores, etc. Dairy Farms" $18.90. L Watsons: $5-2- Lane, Crawfords $10.

structed. P

Mackintosh $5 20 Sinceres $1.60. Wm. Powells 70 cts. n. Wing On (HK) 340 m Miscellaneous.. Entertainments. $4 mi SC-Enterprises. $135 %. Macao “Greyhounds" Constructions, (old)

· Constructions (new) Vibro Piling $4

Ch: Govt 5% 1925

91% 2

B Gov FK Govt 31⁄2 Wallace Harpers

during the past year.

६:२

10.29/720

It is understood that practical 10-24 measures for the enforcement of the new currency policy, as-a- 23 nounced recently by the Ministry

of Finance, were discussed in de-10.36) ball at the luncheon.

10.40

Decrees In Shemar

Sian, To-day: In conformity 102 ith the new financial decree of 1.9.48 ie Central Government Fathe Shensi authorities promulgated two 10.56 measures, yesterday: ---- (1) That

Recon- the exchange" of silver coins for 11.00

A Pearce, D. “S. Fobb... NI. Smith, D. L. Gizzmörə ELEL Mundy, K. Robertson.

C Hopkins, McGregor.

B. D. Evans, Al

1 S. MacLaren,

K Bounds TH Gere WWE_Shewan,

Rods

Bestin, G. E. Bond

Rowell, E. A

vey, D. J. Keogh Han H. A. Brow

Surg. Lt. Car. May, Surz Le Ciz. Grain,

11.05*** Sug÷L£“Batt

Lt. Mozart PAULO NEW COURSE 3924 in 12 “B. ·

legal tender notes shall be com-1 pleted within this year; and (2) 12:04 that the outlaw of silver from y the province will be strictly pro hibited-Central News Agency,

REICHSMARK QUOTATIONS:

Berling

Hons (without yesterday 24; Paris 59.24;

than

29.282

$9,32.

*Reora

POPEYE

TROUBLE

HIM MAOL

YOU KNOW-

NOTHIN

BEN GOVE!

ROUBLE

WHAT IDO

BITE YOUR HEAD OFF

YOU

HELP

To-morrow

NOW YOU GOT

KICK TO

MAKE