1936-02-05 — Page 8

£3,000,000

BANKS

HONG KONG AND SHANGHAI THE CHARTERED -BANK- OF BANKING CORPORATION ~INDIA, AUSTRALIA & CHINA.

Authorised Capital ...$50,000,000 Incorporated by Royal Charter, 1855. Insored and Polly Paid-ny“. 20,000,000}^3- Bavarra FunŠE.—

Sterling

£8,500,000. $10,000,000 Reserve Bability of Pro-

pristors

HĽAD OPREME, HONG FONG.

BOARD OF DIRECTORS.

1. H. Dodatki Zg.

Deputy Chitam.

Hon. Mr. W. H. Bell

How. Mr. J. I. Paterson

A. E. Compton “Esq. T. E Perce Est, Mr. Johnson Deg, IL Plummer Jag © Mixkin Esq., ANLS Shields Esq.

T. 2 Gayboes.. Eng -

XELICIESÂ

LONDON

LIOSS

KALACCA

HEAD OFFICE: LONDON Paid-up Capital son sees „£3,000,000 Reserve. Food... Reserve. Lishiity of Pro-

prietors

INDY

FALKOT

KOHOLT

KOWLOOK KUALA LUMPUR

NCAB (Johor)

*****

PIMPINO

PEKING

RANGOON

.SAIGON

“KAN PRAMOGO

SHANGHA?

SINGAPORE SOCKABAYA

SUNGEI PALAXY

TOWO TSINGTAO YOKOBAMA

Carte Accounts opward in Loumi Cazemey and Fized Dupiste recarved for one yet, SE plaster periodo in Lucul Carrancy and Sundling

an busty witină, will be quoted on application.

ALMO up se dem BATË DEPOELİ” BDIYS ÎN PRODON VÙNG TO LET

Haag. Lang. las Sorenber, 20

HONG KONG SAVINGS BANK-

The Buritama of the above Beat is conducte. så 37 the HONG KONG AND SHANGHAI JAMÓNG CORPORATION. Bains may be shesined as appliceman..*

FOR THE HONG KONG AND SHANGRAI RANKING CORPORATION.

V. J. GRAYSCEN,

Agencin and Brunchon:

THE CHINA MAIL, WEDNESDAY, FEBRUARY 5, 1936

↑ COTTON TRADE and

IN ENGLAND

Commerce

Finance

NEW YORK STOCK MARKET

Heavy Volume Of Trading

SHARE MARKET

TU-DAY'S QUOTATIONS

Banks

Bill On Redundant Spindleage

ALARMING STATE OF INDUSTRY

London, To-day.

Moving the second reading of the Cotton Spindles Bill, which

FINANCES OF CHINA

Conversion Scheme Planned

DETAILED STATEMENT OF IDAKS

Following the anno

Shanghai, To-day.

next of! on bond

The following is the list of local aims at a considerable reduction share quotations issued to-day in redundant spindleage, the Dr. H. H. Kang's pro

cost of which will be paid out issues last Messrs. White, Weld and Com- EX Rank $1,590 b

of a levy on the remaining now being pany, New York Correspondents)` HK. Bank (London) $106. spindleage, Mr. Walter Rune version of for Messrs. S. E. Levy and Com

Chartered Bank £161⁄2 n. pany, report:—

Mercantile Bank A and

Stocks: The market to-day was strong, with the volume of Arad- ing on the heavy side. Railroad stocks were in prominence. The General Hocking beads continued advance is somewhat megével for one Jutr modene pink mapuzzling, especially in view of the

Xiang Hong

Capes

which will

Manage

Hong Kong, 1st January, 1935.

THE

AMERICAN EXPRESS COMPANY,

INIC

Head Offers $5, Broadway, New Jack

·Capital ... U.S.$6,000,000.00 Suple

2.183,633.06 Reserves

870,731.05

BRANCHES:–“

~ Amsterdams

Chamon Changour

Monnow

daa

Astwicz

مطور

Buriza

Bombay

Bratis

Kavaca Hamburg Erre Heidelberg Interlaken

Naples

Paris Priping

Botardan Bote Shanghai Gouthampton

Broad

Cairo. Calmetle Canber

Chaal Manager.

Hong Kong, “150th February, 1985,

Lanta Liverpool. Lecetas

Laser

Mouis Carla

Vonios Iphghams Zuzion

Colombo Copenhagen Dublin Edinburgh Florens "Ganey's

THE BANK OF EAST ASIA, LTD. Manich

Authoriană. Capual

ستعلا

Branches of American Express

$58.000.00 Company in Principal cities of United

Bawers and individed Profits --- 1480,000.00 | States of America and Canada.

-HEAD OFFICE:-BONG LONG.

20. Das Fance Bood, Centrale

BOARD OF DIRECTORS :-

Se Shou-son Chow, Chairman.

I Koon Chun Lagu R. Bu Evos, Lagu Tong

fact that there is but little speculative buying. The market has now reached the danger zone and we would advise traders to Thold of for the time being,

Business date: 3,020,000 shares.

Wheat: The market to-day was very quiet, with price movements confined within narrow limits. It is felt that some substantial de- cline is necessary to sitract buy- ers. Total sales: 11,763,000 bushels

Cotton President Roosevelt's decision to repeal the Bankhead; Cotton Act has taken traders by surprise. It is felt in SOME quarters that the President's ac tion is in connection with the Administration's substitute Grup control programzine.

BERLIN SHARE MARKET

BUSINESS WEAK

-CHINA MAIL" SPECIAL

Berlin, To-day. Except for some special stocks,

All classes of Commercial Banking business on the share market-yes Transactions undertaken,

terday was weak, prices weaken-

Personal investment accounts handing all round.

Lam Long, Eag, Chên Chẳng sama. Eng. La Ime: led. Bang, L. Woog Cha Son, Esq. and "Tan Ting To. Log

Tas Fuer Po, Eq.. "Crist Muanque."

i Tas Fong. Esq. Manger.

BRANCHES AND AGENCIES:-

Kaiphong

dood

ول

Kari'a

Melbourne

New York

நெக

Pacin

.Paiping

Pasang

Bangona

San Francisc

Sartamer

jumpor Bourbe

Sydowy

Thibau

otsia

"okynes

BOO

Yakshams

Ever description of Banlang and Exekungs baeidena transalted. Louna granted on apartadi

Current Locounts opened in Local Currency | and Fixed Depozita tuomited for Dor shacles periods in Local and Foreign Currencie

terms which will be quoted on applics. Beda Deyous Bottes To Let fin

KAN TONG PV,

Chief Magic.

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

C. EL BENSON,

General Manage

THE CHINA & SOUTH SEA BANK, LIMITED

(Incorporated in China) Head Office Shanghai Capital

-$7,500,000.00 Reserve Branches-All Important Cities in

$1,500,000.00

China Foreign Exchange and Gromeen! Banking Bosions | Bragancsed.

Corrent, and Sering downta opened, and Fized }Deposits received for one year të aborter periods

sou - ChiNG..

THE YOKOHAMA SPECIE BANK strains with will be quoted on applestion

LIMITED

Established 1880

Capital (full paid-up) Yen. 100,000,000)

Reserve Fund..... Yes. 127,450,000

Head Office: YOKOHAMA

Branches and Agencies st

Nagasaki

Alexandris

Batavia

Berlin

Nagoya New Yok

Osaka

Paris

Peiping

Kangoon

Fengtien (Makden) Rio de Janeiro

Bombay

Calcutta

Canton

Dairen (Dalny)

Hamburg

San Francisco

Hankow

Seattle

Hazbin

Semarang

Hong Kong

Shanghai

Hamsinlu

Hrinidag

Karachi

Kobe

London

Los Angeles

Manila

Moji...

Singapore

Somabaya Sydney Tientsir

Tokyo Tringian

Yingkow

Kanager.

HONG KONG BRANCH:

•24, Des Tacx Road, Central.

Manager's CHCE

Forsian Exchange Dept.

General Omar ·

Cashiers 05

THE WING ON BANK, LTD.

Call money stood at 3 to 3% per cent-Trans-Ocean Service.

REICHSMARK QUOTATIONS

Berlin, to-day-The Reichs- mark was quoted without guarantee jat: New York, 10.82: Paris, 609;

Amsterdam, 59.29; and London.. 12315. Paris quoted the pound sterling at 7506 to 75.09, and the US. dollar at 14935 to 14.94- Trans-Ocean Service.

THE MERCANTILE BANK OF INDIA, LTD.

HEAD OFFICE: Gracechurch Street, London, ECA Authorised Capital £3,000,000 Subscribed Capital Paid-up Capital Reserve Fund & Best. 1,247,330

BANGIOLES:

1,050,000

The Back Cf Eagland è Midland Back, Lad.

BRANCHES

Bangini

Bombay

Calestin Colombo Delhi

Galle

Bowras

Ipch

Karachi

(Kata Bharu, P.

Kuala Lipis

New York Fowing

Port Lazis

Pangoon

Susie Lampar Shangh

Bastion (Palmop) Standa Varna

Singapore

HONG KONG BRANCH.

Head Ofee: Hong Kong 26, Des Voeux Road Central Authorised Capital $10,000,000. LONDON BANKERS:— Westminster Bank, Ltd.: Foreign Exchange and every des- cripton of banking business transacte, T-Queen's Blad Cantes ed.

Hong Kong. 24th July, 2085.

Every description of Banking and,, Exabangs ['busizwen, szanak.cled..

Pravollars Cheques iamond.

Framing and Exsecteshiya undertakin INTEREST allowed, on Current: Apnoesela Pized Deposita ut Estes that may be, snoertained on application.

Current Accounts and Savings Ac counts opened. Fized Deposits ze cived at zates which will be quoted on application..

Trusteeship & Executorship under- taken. Safe Deposit Boxes for hire. PHILIP GOCK CITY. Chief Manager.

Interest allowed for Current & QUALITY PRINTING

Deposits received for fixed periods

at rates to be obtained on application.

C. KISHINAMI,

Manager Hong Kong, 12th September, 1986.

ww

With Quick

THE POSITEPAPER

ЛА

Manage

THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED

(Incorporated in ̈ China) •

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

$$7,500,000 Capital Savings Dept. $500,000. Beserve Savings Dept. $600,000.

Bead-Office-Shangazi

A Bank having "as its mission the industrial development on China and the fostering of her: exmmercial relations abroad.lg Hong Kong Office-

6, Queen's Road Central Phone 31116

POPEYE Underground Work”

I'VE GOT A KICK TO MAKE AGAINST THE GOVERNMENT! 'MY "TOMATDES ARE DOING FINE. BOT:MY POTATOES ARE A

OMPLETE FIZZLE:UMSA

-COME OUT TO THE ARM WITH ME -

NO POTATIES EN? ) „THA'S BAD

·BUT

CAN RAISE TOMATOES SKAY

LOOK AT "THE

Mercantile Bank G. £13, n. Bank of East Asia $90. n

Insurances.

Canton Ins. $270) 2. Unious Ins. $570 m. China Underwriters $1.10 China Fire Ins. $430 1 HK. Fire Ins. $260 m. ̈ International Assea. $331 a.

-Shipping

Douglasen 336 z

HA Steamboats $514 m. Indo-Chinas (Pref), $30 M. Indo-Chinas (Def.) $20`n. Shells (Bearer) 93/12 Union Waterbosts $141⁄2

Mining

man, President of the Board of bonds into two a B Trade, said in the House of the period of four Commons yesterday that the, learned yesterday output of the industry was now

Antamoks $1.60 2. Balatoes. $17 A Baguio Gold 20 cts. z. Benguet Consolidated $17% n. Benguet Exploration 14 cts. 1. Big Wedge 12 cta. . Gold Greek, 30 ct... Gold River" cts. I

Ipo Mixing 90 cts. n. Itogons: 361⁄2 dia. za Salscots 15 ets, 12 Källan Mining Ad 15/2 n. Langkats (Single) '$11 n. Shei Exploration Sh.$431⁄2 n. Shanghai Loans' Sh$4-n- Raubs $1140

Tenz; Goldfield $3 b

Docks, etc.

HK and K Wharves. (old)

$103 I

EK and K Wharves (new)

$1001⁄2 *.

HK. and W. Docks $8 n. Providents (old) s Providents (new) 50 cts. Hong Kew Sh. $2371⁄2 1. New Engineering Sh.44 m Shanghai Docks, $80 Cotton Mills

Ewo Cotton Sh$84. Shanghai Cotton (old) Sh$75

1.

Shanghai Cotton (new) Sh.41

w

Zoong Sings Sh.$12 n. Wing On Textiles Sh. $25 г. Lands, Hotels, etc. HK and S. Hotel $5% 5. HK Lands $36

HK Lands 4% Debentures.

100% a

.

Shanghai Lands Sh.$18 z Metropolitan Lands Sh. $10 2 Humphrey's $10.65 HK Realties $5.85 Chinese Estates $84 1 Clains: Beatties $4 zu Chins Debentures Sh.$60

Public Utilities: HK. Tramways. $13 n. Peak Trans. (old) b Peak Trams (new) $231⁄2" n. Star Ferries $96, z

Yarmati Ferries $191⁄2 n. Lights (old) $1115 sa CLights (new) $8.20 n ELK. Electrics $71% b., $7034/-

71sa. Macao Electrics $20 m Sandakan Light $434, n. Telephones (old) $25.80 b. Telephones (new) $10.28 . China Buses Sh$111⁄4 n Singapore Traction 17/41⁄2 m Singapore Traction Pref. 28/-

Triflustrials

Malabon Sugar $8.40 n. Cald., Marg. ·(Ord) Sh$191⁄21⁄2 2 Cald: Macg. (Fred), Sh$15. n. Cantor Ices $1.70 b. Cements $9. HK. Ropes $574 12. Stores, etc. Dairy Farms $22 *.

Immediately

Dr. Kung's Chiang Lut

Dr. Kung Leaves

oficials

NEW ADVERTISEMENTS

HUMPHREYS ESTATE AND- FINANCE COMPANY, LTD.

FOTICE IS HEREBY GIVEN

NOTICE

that the ANNUAL ORDIN- ARY GENERAL MEETING - OF SHAREHOLDERS will be held at the Hong Kong Hotel, Hong Kong on TUESDAY, the 18th. February. 1996, at 11.30 am, for the pur- pose of receiving the Report of: the Directors together with a Statement of Accounts for the year endað Sist. December 1995.

The TRANSFER BOOKS of the Company will be CLOSED from SATURDAY, Sth. February-to- TUESDAY, 18th February, `both days inclusiVE.

JOHN D. HUMPHREYS & SON,

General Managers. Hong Kong, 31st Jan, 1996.

....

HONG KONG TELEPHONE COMPANY LIMITED.

TOTICE IS HEREBY GIVEN.

Nat the ELEVENTH OB-

61 compared with the index announceme figure of 100 for 1912, while Chief of the LoanDepartment, the export of piece-goods was and several other jeven more alarming at 29 and were telegraphically sinamated to 100 respectively. Spindles were Shanghai from Nanking to com- now 77 compared with 100 in pile a detailed statement of loans 1912.

with outstanding principal and The levy would be imposed for interest unpaid, and also an amor- 15 years. The Government was tization statement for the pro- prepared to reconsider the Clause posed new loans. These state- 15, which forbids the installation ments will be ready shortly. of new spinning machinery in the first three years and also prevents Dr. HE Kung left Shanghai DINARY YEARLY MEETING" a newcomer entering the industry.for Nanking on Monday night to or HONG KONG TELEPHONE Half the spindles to be wiped out report to the Executive Yuan the COMPANY, LIMITED, will be- were in idle mils or mills not circumstances leading to the de-held on THURSDAY, the 12th working at fall time. Some cision to issue the new bonds. 28,000,000 spindles favored the! Meanwhile the Chinese Mer-BOARD ROOM of the Company, Bay of March, 1936, at the- proposals, and 11,000,000 were chants' Bond Stock Exchange was Second Floor, Exchange Build- against them.

ordered to suspend business and ing, Hong Kong, at Noon, for the Mr.

J. R. Glynes (Lab, Plat-continued to be closed yesterday-purpose of receiving a Statement ting), on behalf of the Labour I will remain ciésed until further of Accounts, and Party, opposed the bill on the instructions from the Ministry of the Board of Directors, for the. the Report of ground that it was insufficiently Finance. comprehensive

Approval In Nanking

financial year ended 31st Decem- Labour Amendment Defeated

ber, 1935, and re-electing two Later: The second reading of. H. Kung to issue consolidated

Nanking: The proposal of Dr. Directors and the Anditors. The TRANSFER BOOKS

Of

the Cotton Spindles Bill was car loans in exchange for the 30 or the Company will be CLOSED ried after a Labour amendment

for its rejection had been defeat-more kinds of bonds met with from the 2nd March to the 12th ed by 237 votes to 149-Renter

hearty approval from financial March 1936, both days inclusive. experts here.

Other New York Stock E- change will be found on Page 10

LOCAL DOLLAR

. STEADY

Dated this 4th day of Febr ary, 1936.

Order of the Board,

W. L. MCKENZIE,

Secretary.

Among those who joined in the chorus of praise were Messrs. Wei Ting-sheng and Chen Chang- [heng, members of the Financial Committee of the Legislative Yuan, who voiced Dr. Kung's pro-24, Des Voeur Road Central, posal with much appreciation jwhen interviewed by the Central

New Agency yesterday.

Hong Kong.

Understone Firm

In view of the European poli-

The local dollar is steady, open- ing on demand at 1/3

be considered "Spot" silver declined 1/16 to when readjusting the | 193

Government bonds. The London on New York cross"}, rate was quoted at —US$5.02.

They nevertheless expressed the this morning opinion that several points must tical unsettlement the undertone- by the Treasury of the market has remained firm. existing Probably on account of the uncer

Three Points

tain outlook as to the future trend" for values, many bayers appear to

1. After the banks have taken be withholding their commitments while the New York on London them to the public so that public apparent. as compared with US$5.02 up the bonds, they should sell until the position becomes more- cross-rate was quoted at £-US capital can be absorbed, aby $5.022, as compared with 2 The US$5.034-

RAW RUBBER PRICES

Latest Quotations From Singapore

Messrs. H. B. Joseph & Co., have received

the following quotations from Singapore in

In the opinion of exports, how Government should ever, it hardly seems likely that strictly prohibit promissary sales there will be any appreciable ease- and purchases of bonds in order for some time. Mail news from

to stabilise the bond market and Intia was not very enlightening to check speculation and manipu-and reflected holiday influences to- jlation

some extent. The volume of en-- 3. The interest rate of the quiry has been small and nearly said six bonds should be strictly all the markets seem to be holding restricted. Central News Agency. up business pending some hist of"

the probable outcome from the present Tariff Board discussions. Light whites and fancies have

Karachi, but only odd lots have been placeri

Straits Currency for Rar Rubber WEEKLY MARKET under offer for calenta and

Spot 24% b., Up 1⁄4 25, March 24% b, Up 25 s April-June 25 b., Unchanged -2524 s.

July-Sept. 25% h Unchanged

251⁄2 s.

Market: Steadier.

Watsons $5 n

Lane, Crawfords $6% 1. Mackintosh $5 n Sinceres $2.90 s. M WE Powells 70 cts. n. Wing On (HK) $642

Miscellaneous Entertainment $470- n. S. C. Exterprises $1.35 1. Macao "Greyhounds” $2 ni Constructions (old) $13⁄4 n Constructions (new) 50 cts. Vibro Piling $4 Des

REPORT Lättle Change In Values

MEAGRE INTEREST SHOWN

BY TRADERS

China Disappointing. Both fancies and dyed styles have been in demand for Bombay, whilst the up-country outlets have put forward a fair : enquiry for the standard printed styles. China continues to be very disap-- Messrs. James F. Button and pointing and is possibly awaitingTM Co., Ltd, Manchester, reported as further political developments. follows on January 1:-

The other Far Eastern markets: Owing to the Christmas holidays have placed meagre orders for we did not issue our usual maz-fancies

Icet

report last week. Little Both Singapore and other alteration has occurred in zaw Straits Settlements markets have cotton values during the past few booked shirtings and enquired for days, and traders have shown poplins Scattered sales have little interest. The United States taken place for Egypt and the ginning returns to date are given Near Bast, chiefly in specialities |st 9,753,000 hales, which compares and the finer bleached cloths Ch. Govt 5% 1925 GSBJ-with 9,362,000 bales for the pre-West African houses reports

vious report. While these figures steady business mostly for printed

HK GovL 4% Loan 3% % prem. have hardly any effect upon prices and the heavier dyed styles. Of it is doubtful whether the final the Dominions both South Africz- beginnings will correspond with and Australia have been interest

Icrop expectations.

HK. Govt. 3% Loan Wallace Harpers $4 n-

To-morrow.

DIG'EM UP.

BETTER DIG EM

"KONSTILL. DO

"Miss Paul Revere

ANTHAS THE KIND

OF SAPS- AGOT TO BOLD A NATION WITH

led in most standard clothe

HONG KONG S DIRECTORY

1936 ISSUE

NOW

IN THE PE

Order Your Copy Early

Wyndham Se