1936-03-11 — Page 8

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised Capital .. ...$50,000,000 Issued and Fully-Paid-up 20,000,000) Reserve Funds:-

Sterling.£ 6,580,000

Hong Kong Currency

Reserve $10,000,000

Eeserve Liability of Pro-

prietors

,000,000

HEAD OFFICE HONG KONG, BOARD OF DIRECTORS

Eoa. Kr. J. J. Paterson. Chartiab

G. Miskin Exq Deputy Chairma).

Bon. Mr. W.H. Bell, CC. Knight Esq. AH Compton Esq. T. E. Pearce Esq. S.H. Dodwell Esq., J.A. Plazmer Esq. M.T. Johnsen Exq. A.L. Shields Esq. V. M. Grayburu, Esq

AKOT

BANGKOK

BATAVIA BOMBAY CALCUTTA CARTON CHERO COLOMBO DAIDEN POUCHOST HAIPHONG« HAMBURG BANKOW

HARBIN BONGLET ILOILO

JURE

ZUBE

KOWLOON

Count Manager.

BRANCHES -

KUALA LUMPUR

LONDON

LYONS

MALAGHA

MANHA

MURDEN

NEW YORK

PIPING

PENANG BANGBON

SALGOK

SAN FRANCISCO

SHAMIAI

SINGAPORE

SOURABAYA

StNeil' PATANI

THENISIN

FORYO

TSINGTAO

YOLOHAMA

Current Arovate opoleg a Local Curry sed Pized Duponte prowed lor your or short periode Local Curming and biting on LOTR which will in yoound in t

ALSO up to date SAFE DENSIT BOXES & Ferizon size 10 LET.

Hong Kong, 24th February, 1936.

HONG KONG SAVINGS BANK

The Buxisms of Dalk distaand

by the HUNG KONG AND

No CURPURATION,

app.m.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA Incorporated by Royal Charter, 1853. HEAD OFFICE: LONDON

Paid-up Capital

Reserve Fund

prietors

Reserve Liability of Pro

Alor Star Ammar

Bangkok

1onsbe L'avutia

Canton kawapow Coba

...£3,000,000 .£3,000,000

.......£3,000,000

Agencies and Branches:

Iloilo

karachi

Kiang

koba

Bangoon

gom

Sensing

KIMO SERABZ

Kumpar Singapor

Madras Mela

Surabay

Triphos

Taombe

31 mino

New York

Tongkah

ilamburg Hankow

Upbong

Poping

(Paking) Tunang

It ta

(hacker] Thingto Yakob tha Zamboanga

THE CHINA MAIL, WEDNESDAY, MARCH 11, 1936.

Commerce and Finance

NEW YORK STOCK MARKET

Industrials Stage A Recovery

PRICES APPRECIABLY HIGHER

Messrs. White. Weld and Com- pany. New York correspondents for Messrs. S. E. Levy and Com- pany, report:-

Hoeg oog

"Stocks:--The market to-day. Foreign Exchange and General Banking busines Started

Current Afrtante opened and Fixed Depois especially industrial stocks, stag- recribed for one rare or storier periods at rated a recovery and prices, at the winch will be quoted on application.

close, were

·A. BREARLEY,

appreciably higher Manager than those ruling at the close of Hong Kong, 1st January, 1935. the market yesterday. Traders, however. anticipate uncertain markets peading a clarification of AMERICAN EXPRESS COMPANY, the European political situation.

THE

INC.

Head Office:-65, Broadway, New York

Capital

Surplus

Reserves

U.S.$6,000,000.00 2,185,033.06 $70,731.03

BRANCHES:-

Hemburg Haw

Hadrire

Jerusalem

Átvetendam

Antwrep

Grace Vilangu

Strea

The Hague

Anura

The

1

Neon Salem Fimmun

Berlin

+

livintay

HAMGIIN TANK

Cary

1

Cand Uniombo Copenhagen

oblin Edinburgh Fore

Lateral Lucie

f-ping Rotterda Rep Shangha Southampton ALDER

Lugano

Vienna

Marseille

Vecum

3fvni Carie Meta Macka

Yokohama Zurich

PUR THEONG KONG AND SHANGHAI BANKING CORPORATION.

GRAYHUEN,

Chust Sameer

Hong Kong, 24th February,, 1336.

THE BANK OF EAST ASIA, LTD.

Authored Tayl

Paed-up Lajovial

Beats mot kvt

JOINI

Branches of American Express Company in Principal cities of United ........States of America and Canada.

..? THE CAP

Trois. All classes of Commercial Banking CHONG KONG.

Transactions ·undertaken

HEAD OFFICI.

4 1rew Van houth Cour hand.

PARD OF DIRECTIN-

Sa Mumenok Chen, Camiset

Li Kone Cho g., P. R.

Won

Jed.

We would purchase recently raen- tioned groups on any weakness. Business done: 2,330,000 shares. "Wheat:-Dust storms in parts of Texas, Kansas, Nebraska and Oklahoma are tending to check fofferings of new-crop wheat. jare still inclined to buy on

major decline in prices. Total sales:-18,276,000 bushels.

"Rubber:-The supply situation!

decidedly tighter. ļoff-grades is

SHARE MARKET

YESTERDAY'S QUOTATIONS

THE YOKOHAMA SPECIE BANK

10 Per Cent. Dividend To Be Paid

OVER 10,000,000 YEN CARRIED FORWARD

The local office of the Yoko-

H.K. ELECTRIC CO., LTD. Forty-Seventh Annual General Meeting

DIVIDEND AND BONUS FOR ́ DISTRIBUTION

NEW ADVERTISEMENTS

1936 1937

QEALED TENDERS will be re-

ceived at the Royal Naval Hospital until 10 am. on the 20th. March 1936, from persons desir ous of supplying Beef, Mutton, A satisfactory year's trading Fowls, Fork, Cheese, Pure Cow's hama Specie Bank Ltd. is in re-was disclosed at the annual Milk, Ice, and other provisions, and The following is the list of local ceipt of a telegram from their general meeting of the Hongnecessaries for the share quotation's issued to-day-Head Office to the effect that, at Kong Electric Co., Ltd.. which the 112th, Half-Yearly Ordinary was held at 11 a.m. to-day at General Meeting of the share the Company's Offices, P. & Other particulars can be obtained holders held at the Head Office of Building. Despite a decrease of at the R. N. Hospital.

Banks

H.K. Bank $1,955 p.

H.K. Bank (London) £100 n. Chartered Bank £141⁄2 n. Mercantile Bank A. and

30. Mercantile Bank C. £131⁄21⁄2 Bank of East Asia $73 a.

Insurances

Canton Tax $270 ¤. Unions Ins. $5572 sa. China Underwriters $1 a. ** China Fire Ina. $480 n. H.K. Fire Ins. $260 a. International Assce. $34.

Shipping

Douglases $36 B. H.K. Steamboats $5 n. Indo-Chinas (Pret.), $30 n. Indo-Chinas (Def.) $20 n. Shells (Bearer) $8/9 n. Union Waterboats $144 1

Mining Antamoks $1.97 n. Balatoes 214 n.

E

We

any

Baguio Gold 18 ets. n.

Benguet Consolidated $18.40 m.

Benguet Exploration 16 ets. Big Wedge 27. cts. n.

.

Gold Creek 15 cts. n.

The prospects of a settlement of the Akron strike is now promising.

purchases. lots.

We

would

more

favour Total sales:-110

RAW RUBBER PRICES

Latest Quotations From Singapore

Personal investment accounts hand- Messrs. H. B. Joseph and Ca have received the following Straits currency quotations in from Singapore for Raw Rubber.

Spot 26 Up / b., 26 s. April/June 26 34 Up b,, 26

S.

boup d'ag. Wing Cho Sue, Ery and Ying j The Company offers to intending

Pe Laye

Lan Tung To, Y. Chief Muung"? ..

The Four Emque Manager.

BRANCHES AND AGENCUES:

Nanda

MELİSETUR

Unaka

Amy

Betavi Buniby Carulla CO Haplong

Numb հանկա

Sew York.

Souradnju

Paris

Barkow

SNALAN

it maluju

Tauang

I

Kutpos

FOCAVOR

Tacoma

Faiscouvre Yorubat

Hobe

Kowloon Loudwa

I'm

Every description of Braking and Exchange. banine atunciod. Los graced va spproved BASHOP.

Curat Aruoutte opened in Local Currency: and igast ved for was your or shorter panden Hood and Foreign Currencies og er wich will be quoted on application.

hale Deja Boses To Le

EAN TONG TO.

Clue Xanager.

THE YOKOHAMA SPECIE BANK

LIMITED

Established 1880

Capital (full paid-up) Yen 100,000,000 - Yen.12,150,000 Reserve Fund..

Eead Office: YOKOHAMA

Branches and Agencies at

Alexandria

Batavia

Berlin

Bombay

Calcutta

Canton

Dairen (Dainy)

Nagasaki

Naguya

New York

Osaka

Paris

Peiping Rangoon

Fengtien (Mukden) Rio de Janeiro

Hamburg

Bankow

Harbin

Hong Kong

Honolulu

Hsinking

Karachi

Kobe

Londen

San Francisco Seattle Semarang

Singapore Sourabaya

Tokyo

Los Angeles

Marila

Tsingtau Yingkow

Moji

Interest allowed for Current Ac- counts,

Deposits received for fixed periods

at rates to be obtained on applica-

tion,

G. KISHINAMI.

Manager.

Hong Kong, 10th March, 1936.

Travellers the use of its "Travellers Cheques" and Letters of Credit and, addition, the world-wide services

in

of its thoroughly equipped Travel Department.

C. H. BENSON,

Gezeral Manager.

THE CHINA & SOUTH SEA BANK,

LIMITED

(Incorporated in China) Head Office-Shanghai.

.$7,500,000.00

- Capital

Reserve

-$1,500,000.00 Branches-All Important Cities in

Chica

Foreign Exchange and General Banking Busine transacted.

Current and Beving. Accourse opened and Fixed Deposita suomired for one year or shorter periods at Exton which will be quound on appication

SOU Z. CHÁNO,

HONG KONG BRANCH: 2. Des Fear Bood, Central.

Manager's Of150 mm

July/September 26 Up bl

26% s

October/December 26 Up

b., 21 s. Market:-Firmer.

THE MERCANTILE BANK OF INDIA, LTD.

READ OFFICE

5. Gracechurch Strel, London, EC.A Authorised Capital £3,000,000 Subscribed Capital .. 1,500,000 1,050,000 Paid-up Capital Reserve Fund & Rest 1,247,830

The Bank of England & Midland Back, Luke.

BANKERS

BEANCHES:

Manag.

Bangkok

1pon

Rethy

Bandy

Calcotta

Karach

Colombe

hota Ebers

Deili Galle

Kumie Lipie

Foreign Exchange Depk, wea15665 General Often now.

THE WING ON BANK, LTD.

Head Office: Hong Kong

25. Des Voeux Road Central Authorised Capital $10,000,000 LONDON BANKERS:—— Westminster Bank, Ltd. Foreign Exchange and every des- cripton of banking business transact- led.

Current Accounts and Savings Ac- counts opened. Fixed Deposits re- ceived at zates which will be quoted on application.

Trusteeship & Executorship under- taken. Safe Deposit Boxes for hire.

PHILIP GOCKCHIN

Chief Manager.

Job Printing

PLASONABL

PRICES

THE NEWSPAPER ENTERPRISE LTD CHINA CARL ALIM

Hostal

Kuala Lumpur

New York Penang

Pon Louis

(Maurities) Bearcoa Skinnagami

Kenta (Pabang) Sizsin Hadra

Singapore

HONG KONG BRANCH Berry dancnption of Banking and Erahnaga

Travellers Charcurs issued.

Traster si Executonaipe undertaken. INTEREST Mlowed an Current Accousia and Fixed Deporte at Eater last may be ascertained sa applicatias.

L. KENNEDY,

7. Quwen's Boad, Central,

Hong Kong. 24th July, 1995.

THE

Hangat.

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China)

Capital paid up $6,000,000. Reserves

$7,300,000. Capital Savings Dept. $580,000. Reserve Savings Dept. $600,000.

Head-Office-Shanghai,

A Bank having as its mission the industrial development an -China and the fostering of her

commercial relations abroad, Hong Kong Office-

6, Queen's Road Central Phone 21116.

Gold River 7 cts. n. Ipo Mining $21⁄2 n. Itogons 65 cts. n. Salacote 15 ets. n. Kailan Mining Ad 12/6 - Langkats (Single) Sh.$10 n. Shai Exploration Sh.$41⁄2 n. Shanghai Loans Sh.$4 n Raubs $11

Venz; Goldfield $3%

Docks, etc.

H.K. and K. Wharves $93 s. H.K. and W. Docks 69 1. Providents (old) $14 s Providents (new) 50 cts. . Hong Kew Sh$190 ¤. New Engineering Sh.34 Shanghai Docks. $79-n.

Cotton Mills Ewo Cottons Sh.38 . Shanghai Cottons (eld)

year ending: 31st March 1937.

Printed Forms of Tender and fur-

the bank at Yokohama on the 10th close upon $75,000 in the gross

The right to reject the lowest inst.. a net profit of Yen 16,760.-earnings for 1935, due to the re- or any tender is reserved.

over

937.10 was shown, including Ten ductions made in the charge for 9.503.10220 carried

from current, which came into force! last account. It was resolved to in July last, the profit on work- make the following allocations:-ing showed a slight increase lover that of the previous year. Y. 1,700,000.00 thanks to economies effected-in working and the lower cost of coal.

To Reserve Fund Dividend of 10 per cent. per annum for the half-year ended 31st December 1935 To be carried forward

to next account

LOCAL DOLLAR STEADY

Silver Prices Fall

G. D. G. FERGUSSON,

Surgeon Captain. Medical Officer in Charge, Royal Naval Hospital. Hong Kong March 11th, 1936.

US. SILVER POLICY

NEW PROPOSALS IN SENATE

PROCEDURE FAVOURED, BY AGRICULTURAL COMMITTEE

Washington, To-day.

stimulate

5,000,000.00 Mr. M. T. Johnson (Chairman of Directors) presided and was 10,060,337.10

supported by Sir Robert Ho Y.16,760,037.10 Tung. Kt., the Hon. Sir Shou- son Chow, Kt.. Mr. T. E. Pearce, Mr. Stanley H. Dodwell the Hon. Mr. J. J. Paterson (Direc tors). Mr. V. Sorby (Manager), and Mr. G. G. N. Tinson (Solici Itor). Shareholders were repre- sented by Messrs. Chan Shu- The local dollar has advanced ming. Capt. F. L. Brown, O.B.E.. demand this Lo Koon-kan, Lo Kai-wing. (1/16, opening, on morning at 1/32.

Wong Ping-sun. B. Wong Tape, A bill designed to "Spet silver fell 14 to 19-9/16, the Hon. Mr. Chau Tsun-nin. Treasury silver purchases was in- while "forward" also declined Frank Austin (representing A. troduced yesterday by

J. David): Gibson Fahnestock. Thomas, proposing the retirement The London on New York cross-Alex. Campbell, N. M. Currie, of all United States notes rate was quoted at US$4.984. Leung Fat-tin. J. Owen Hughes, standing and the issuance ja ex-

C. G. S. Mackic, A. McKellar, change for as compared with US$4Wong Chi-po, A. Stevenson, J. amount of silver certificates.

of an equal while the New York on London

to 19-7/16

them

Senator

out-

The

cross-rate was quoted at £USSE. M. Barnes. W. H. Choy, Chua silver purchased for this purpose 4.983 as compared with US Seng-choc. Chu Kie-kwan, J. M. would not be counted as a part of |$4.97.

Jack, G. V. Osmund and Wong the silver the authorities have Hing-kwong.

the Silver Pur-

==

BERLIN SHARE MARKET

Berlin, To-day-The share mar-

The Chairman's Speech Addressing "the meeting the Chairman said:

"The nett profit, after providing

Jand

purchased under chase Act.

Senate

Simultaneously a proposal by the Agricultural Committee

at least 50,000,000

ket was in a buying mood yester-for depreciation is $1.333,542.57, was tabled, requiring the Treasury day, so that the sag in prices

with $155,908.12 brought to purchase evident on Monday disappeared forward from last year we have ounces monthly, until the silver- all the stocks being markedly firm the sum of $1.994.451.29 for appro-gold ratio

priation

is 16 to 1 or silver- Orders from the banks, however,

On September 23 we stocks amount to one-third of the were not numerous. so that the turnover was but moderate. The paid an interim dividend of $1 sold stocks.

per share absorbing $450,000 and fixed interest securities market

with the balance propose:- was stagnant, but Reich Old

То рау

a final dividend Liquidation Loan crumbled to

share ab- Sh$70 110%. Call money' was at 21% to

sorbing ***

bonus of share per

D.

Shanghai Cottons (new)

Sh$41

I.

Zoong Sings Sh.$12 n.

Wing On Textiles Sh.$25

Lands, Hotels, etc.

of $1.50 per

cash

50 cents absorbing

$675.000,00

The proposals, which are spor- sored by Senator Wheeler, have been favourably reported on by the Agricultural Committee and 3 per cent.Trans-Ocean Service. To pay a

represent a revival of the earlier efforts to free the coinage from REICHSMARK QUOTATIONS

225,000.00 silver. Observers

the express Berlin, Today. The Reichs To place to reserve ... 400,000.00

Jopinion that the administration is mark was quoted yesterday with-To carry forward to next

York, Account

244,451.29 not inclined to consider further jout guarantee at: New

in this session. The amount of the dividend silver legislation Amsterdam. 40.47: Paris, 603.5; H.K., and S. Hotel $4 b. 54.10 59.01; and London, 12:32. Paris and bonus recommended is the jas specified in the operation of

at same as last year and I hope you the silver programme. quoted the pound sterling 74.91-74.94, and the US. dollar at will consider this satisfactory.

At the same time the split be Trans-Ocean Ser-

"The gross 15.045-15.05.

earnings are $74,-

tween the silverites

appears to “ 754.06- less than last year, due of make it impossible to vice.

sa.

ELK Lands $31 à ex. div. HK Lands

Debentures

4%

100% D. Shanghai Lands Sh.$18 n. Metropolitan Lands Sh. $10 n Humphreys $9.70 s

HK Realties $5.85 m. Chinese Estates $84 m. China Realties Sh.$4 - China Debentures Sh.$60 m. Public Utilities H.K. Tramways $11.8. Peak Trams (old) $7 ne Peak Trams (new). $3 z. Star Ferries $86 8.

Yazmati Ferries $2011⁄2 n. C- Light (old) $9.90 b., $10.10

3., $10.10/10 sa.

C Lights (new) $734 s. H.K. Electrics $69% b., $70/701⁄4

Macao Electrics $20 Sandakan Lights 4 Telephones (old) $257% & Telephones (new) 39 n. China Buses Sh$114 n. Singapore Tractions -19/- 1. Singapore Tractions Pref. 26/-)

Industrials

Malabon Sugars $8.40 n. Cald. Maeg. (Ord) Sh.$191⁄2 . Cald: Mace. (Pref.), Sh.$15.n.. Canton Ices $13⁄4 n Cements $7,90 8- HK. Eopes 44 s.

HONG KONG REALTY AND TRUST CO., LTD.

course to the reductions made in the charge for current which to came into force in July last, which I will refer Later, but:

Subject to audit, the Profit for thanks to economies effected in the year ended December 31, 1935, working and to the lower cost of including $22,310.92 brought for coal the profit on working shows ward from the previous year's ac-a small increase of $9,869.33.

"We have set aside for depre- count, amounts to 346,107.54 At

ciation à total of $715,54€, prac-| (Continued in next Column)

tically the same amount

as in

1934.

Støren, etc. Dairy Farms $21 s. Watsons $4.85 Lane, Crawfords $6 Mackintosha $5 . Sinceres $220 m Wm. Powells 70 cts. Wing On (HK) $55 m.

Miscellaneous Entertainments $4.70 n. S: C. Enterprises $1.35 n. Macao "Greyhounds" $2 r. Constructions (old) $1 Constructions (new) 50 cts. a. Vibro Piling $4 n.

Increased Output

"The output from our plant atj North Point was 48,813,623 units, an increase of 2,479,758 units or 5.35 per cent. on the

rent for

previous

sufficient

pressure to

jlegislation.-Eeater.

provide

force the-

REICHSBANK RETURN

Slight Decline In Note Cover

*CHINA MAIL" SPECIAL

Berlin. To-day. The Reichsbank return dated: year's working. This increase is March 7, issued yesterday, show- entirely due to larger sales of cured that the gold stock was

changed at 71.7 million Reichs- power. The fall lighting consumption, reported marks, with the devisen reserves: by my predecessor last year, has 0.1 millions lower at 5.4 millions, continued but not, I am glad to making a total decline in the pote cover of 0.1 to 77.1 millions. The say, in the same degree.

note circulation decreased by

Reichs-- 188.6 to 3.988.1 million marks.

(Continued on Page 2)

Ch. Govt. 5% 1925 GSBde the forthcoming. Ordinary Yearly

:94% 1.

Meeting of Shareholders,

to be The amount of credit issued, as

H.K. Gort, 4% Loan 44% prem.held at noon on Wednesday, April measured by bills, advances, che-

5.

น

ELK Govt. 3% Loan par. n. Wallace Harpers $4 z.

8, 1996, the Directors will recom- ques and investments, declined by mend

carrying forward balance to next. Account.

this 252.3 to 4,552.3 million Reichs- marks-Trans-Ocean Service.

POPEYE.

-

"Twelve Men And True.”

SHES A SPY AND SHE

OUGHT TO BE SHOTLLI DON'T CARE IF SHE IS A WOMAN

(SURE THAT'S WHAT)

· 1 THINK -----

WE AINT CAREFUL WEL WAKE UP SOME DAY AND (WON'T HAVE NO COUNTRY

TO LIVE IN YENA, THAT'S WHAT

SURE

TO BE

HEY BOYS! HEY!

TING IS TOO LETS

WHAT MAKES YOU SAY-THAT?

M LIKE TO HEAR GUNS SEOOT

TO YOU FROM

ME-AW;

PIPE DOWN)

GNATS

TO YOU,

SIR

To-morrow.

TIWONT HAVE NO WOMAN -SHOT: EVEN A WOMAK SPY- WOMEN ARE THE MOST | IMPORTINK THINGS ON

EART.MEX TO SPRACH

1.RS

Gaol-Door Johnnies."

WE DEMAND THAT. YOU HAVE ZEXA PEAL, THE SPY,

WOMEN ARE INO BETTER THAN MEN!

SHOT

HONG KONG S. DIRECTORY

1936 ISSUE-

NOW

ON SALE

THE NEWSPAPER ENTERPRISE LTD.

SA. Wyndham St.

Tel. 20022