1936-03-26 — Page 8

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Authorised Capital $50,000,000 Incorporated by Royal Charter, 1853. Laaned and Fully-Paid-up 20,000,000 ||

Eeserve Funds:

Sterling ...... 6,500,000

Hong Kong Currency

....$10,000,000

Reserve Liability of Pro-

Reserve

prietors

BLAD OFFICE: HONG KONG.

BOARD OF DIRECTO36.

THE CHINA MAIL, THURSDAY, MARCH 26, 1936

Commerce and Finance

LOCAL DOLLAR STEADY

Silver Prices Rise

SHARE MARKET

TO-DAY'S QUOTATIONS

KEAD OFFICE: LONDON Paid-up Capital

Reserve Fund

5,900,000 £3,000,000

.$20,000,000

Reserve Liability of Pro-

prietors

Agencies and Branches:

Aloe Blat

Dele

Lyon

Bangoo Bakgats

Bangkok

Bombay

Nobe

Shangha

on

The local dollar is steady, open- demand this morning ing

Caletta A Csus

Kuala Lacnepar

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

Banks

Looking

at 1/8

Capos

to

Macin

Taping

Beth

Colombo

Tont

New York

Hankow

Hamburg

Cenang

Harbiy

Hong Song

Hon. Mr. J. J. Paterson. Citem

G. Miskin Esq.

Deputy Chairtons.

Bon. Mr. WFL Bell, C.G. Knight Esq.

A. H. Compton Esq,, T. E. Pearce E. 6. Podwell Esq., J.A. Plummer Esq.png MAT. Johnson Esq. A.L. Shields Esq.

AXOT

V. M. Grayburn, Esq.

ΒΑΝΟΣΟΣ

BATAVIA

MOMBAY

CALCUTTA

CHEFOO

COLOMBO

MAIREN

POOCHOW KAIPBONG КАМЕСВА HANKOW

HARRIN BONG KEW

CLOBO

POR

JOHORT

XOBX

KOWLOOK

Chist Manage.

BRANCHES :

KUALA LUMPUR

LONDON LYONS

MALACCA

KANILA

MUAR Jobore)

ИСКРЕН

NEW YORK

PEIPING PENANG

RANGOON

MLGOK

SAN FRANCISCO

SHANGHAI

SINGAPORE

SOTRABRYA

GUNGEI PATANI

TIENTSIN

TOKYO

TSINGTAO

YOKOHAMA

Current Acoats opened at Low Currency and Fised Degalin moved for one year or shoelar periods in Lomi Currency and Edarling on terma

We will be casted on PPTENT BOXES

dete SAFE

23:20 19 10,4 Perious die TO LIVE.

Yokonane Zambaraga

"Spot" silver advanced 20346, white "forward" rose 5/16 to 20%.

The London on New York cross- rate was quoted at US$4.95%,

Forge Cxchange and Creceral Banking butas compared with. £US$4.96. Current scan opened and Fixed Depo while the New York on London roved. Iar con your or shorter periode ni relev

cross-rate was unchanged at 5- which will be quoted on application.

A. BREAKLEY,

US$4.964. Manager. Hong Kong, 1st January, 1955.

THE

AMERICAN EXPRESS COMPANY, INC.

Hong Kong, 24th February, 1986. A

HONG KONG SAVINGS BANK

Head Office: 65, Broadway. New York

Capital

Surplus

Reserves

Amemedans

Albecs

Bala Baris

Bombay

U.S.$6,000,000.00 2,183,633.06 $70,731.05

BRANCHES:

Ga "Hangou

The Bagas

Hamburg Hatre Heidelberg Interlaken

Ireed

Brussel

Cairo

Load

Babes any b

Cicuta Caspe

L

Colombo

The Beatness of the abers Bank in conduc

by the HONG SONG AND SHANGHAI BANKING CORPORATION.

strained on applica

POR THE HONG KONG AND SHANGHAI BANKING CORPORATION.

V. M. GRAYECEN,

Chant Manage

Hong Kong, 24th February, 1936.

Capakage Dublin Edinburgh

Fores Gearts

Krverpool

Lumoo Luxat

Kooten Milan Now Napin

Pare

Boscarde Funera Shanghai Southampto

Mariling

Moals Coria B

Tine salu VLIOJA Vanim

Zanck

Munion

American

TAX PROPOSALS IN AMERICA

"Full Programme To : Be Discussed

CERTAIN FACTORS ELIMINATED

Washington. To-day. The sub-committee of the House on taxation of Representatives has suddenly reversed itself by deciding to keep the processing and other excise out out of the re- port on the new tax programme, fon which the full committce be-:

gins its hearing on Monday.

The Chairman. Mr. Hill, said: "We have eliminated these factors

never we were Branches of

Express entirely because Company in Principal cities of United keen about them and felt we could set aside a fairly close sum THE BANK OF EAST ASIA, LTD. States of America and Canada.

All classes of Commercial Banking to the required amount of revenue

from other sources." Authorised Capital Рамстор Серка

mittee also agreed to reduce from Berre and. Undreidad Proble2,05%, Transactions undertaken.

Personal investment accounts hand-33.5 to 225 per cent. the tax rates! led.

on dividends to non-resident-atten stock owners.

630,000,000.00 5,598,600,00

HEAD OFFICE-LONG KUNG.

11

29. De Voruz Blond, Central

BOARD OF DIRECTORS —

Se Shop-am Chow, Chart.

Li Iooo Chute - P. & Kwok, tag.

The Company offers to intending Yua Tong. Legs Chung Stek Lagu Lo La Travellers the use of its "Travellers Chegues and Letters of Credit and bang. Fag, Wang Chu son, Esq. mad

in addition, the world-wide services of its thoroughly equipped Travel Department.

Batavia

Kam Tung Po. Eng. Ched Manager i

Tos Fons. Figs Matsen. BRANCHES AND AGENCIES

Oudenata Chato Haiphong Hasov Benolube Kobe

anila Melbou Sarmad

w York

جلين

Pure

Penang

DOP

Bangood

S

London

San FrancacO

Seattle

Ziemarang

PLESPOTS

Sourabaya.

Seal Mydney

Thi hory

okobama

Every descriptio of Banking and Exchange (

· Long grated on approved : buttons transected.

Curre Locounte opened in Local Currency and Fixed Depot rented for one year or shorter periods in Local and Foreign CurTWICEM on terms which will be quoted on application.

Sala Depo Beam To Let

KAN TONG PU

Cbus! ManneME.

THE YOKOHAMA SPECIE BANK

LISTED

Established 1889

Capital (full paid-up) Yen 100,000,000 .Yen.129,150,000 Beserve Fund

Head Office: YOKOHAMA

Branches and Agencies at

Alexandria·

Batavia

Berlin

Bombay

Calcutta

Canton

Nagasaid

Nagoya

New York Osala

Paris

Peiping

Dairen (Dainy) Rangoon

Fengtien (Mukden) Rio de Jeneiro

Hamburg

Hankow

Harbin

Rong Kong. Popolala

Hsinking Karachi Κούσ

London

Los Angeles

Manila

Moji

counts.

San Francisco Seattle

Semarang

Shanghai

Singapore Sourabaya

Sydney

Tientsin Tokyo

Tsingh

Yingkow

The com-

pro

H. Bank $1,560,11. H.K. Bank (London) £101 m. Chartered Bank $143⁄41⁄2 n. Mercantile Bank A and

$301⁄2 31.

Mercantile Bank C. 13% Bank of East Asia $773

Insurances

Canton Ins. $270 m. Unions Ins. $555/5571⁄2, sa, China Underwriters: $1 p. China Fire Ins. $480 HK Fire Ins. $2471⁄2 b.,

50 33

International Asace. $3% 1

Shipping

NEW YORK STOCK MARKET

Bullish Sentiment Apparent

| BRITISH CABINET COUNCIL

(Continued from Page 1)

FRANCE- NOT PLEASED Paris: The French press reacts

KEEN DEMAND FOR SUPPLIES-unfavourably to the German Note hauded in on Tuesday, it being generally interpreted 33 a com

Messrs. White, Weld and Com-

pany, New York Correspondents plete rejection of the Locarno for Messrs. S. E. Levy and Con proposals.

A certain uniformity in the pany, report:

press comments seems to indicate Stocks: Sentiment to-day turn-that they are officially inspired, ed bullish, with a keen demand with the intention of justifying for supplies. All sections of the the demand that the military pro- market staged a recovery, with visions of the Locamo Memoran- industrial issues in the lead. Dow-idum, envisaging â contact between B. Jones industrisi average advanced the General Staffa of the four as much as 1.32. The volume of Locarno Powers, should come into business done was fairly heavy, force.

the long According to the press com-] We continue to favour side, especially in automobile, farmaments from London, Mr. Eden is and oil securities said to have informed the French implement

Ambassador that the guarantors' Business done: 1,910,000 shares.

PUBLIC AUCTIONS

THE

THE Undersigned have received: instructions to sell by Puble

Auction

Friday, the 27th March, 1935 commencing at 11:00 am- at their Sales Enom, Daddell Street

A Quantity of Sundry Goods

and -

A Quantity of VALUABLE HOUSEHOLD

FURNITURE Terms: Cash on Delivery

LAMMERT BROS.,

Auctioneers Hong Kong, 25th March, 1995.

THE Undersigned have received instructions to sell by Public

Auction

од .

Friday, the 27th March, 1936. commencing at 11.00 am at their Sales Room

.Duddell Street

11 Cases Dyes

4 Cases Tinsels

2 Gases Laces

8: Cartoons Sanitary Napkins

and

A Quantity of Antimony Ware, may. still be regarded plectric Heaters and Motors etc

Wheat: The improved weather assurances given by Britain and South-West Italy to France and Belgium in conditions in the $245/ caused prices to decline to-day-the event of the failure of the for Canadian negotiations will be regarded as Export demand wheat was somewhat better, but it definite and final. This is caus- would have to improve before aling much gratification here, though steadying influence can be impart-the question remains whether the jed. Total sales: 16,311,000 assurance

as definite if Italy still further! bushels.

Cotton: The market is still un-withholds her approval of the certain and price fluctuations are Memorandum. narrow. We do not think there

ANGLO-ITALIAN TENSION will be any material advance until

Some anxiety is felt here con- the Administration's position re garding crop restriction and the cerning Mr. Edën. it being fear disposal of the cotton held by the ed that he might possibly share Sir Samuel Hoare's fate in case Government are clarified

Douglases $36 1. H.K. Steamboats $51⁄41⁄2 z. Indo-Chinas (Pref.), $30 . Indo-Chinas (DeL) $20 n. Shells (Bearer) 89/41⁄2 Union Waterboats $13 a.

Mining Antamoks $2.15 .. $2.17 sa Balatoes 21 n.

Baguio Gold 22 cts. sa, and b. Benguet Consolidated - $18.40 Benguet Exploration 18 cts. n. Bag Wedge 26 cts. sa.. Demonstration 61 cts. ga. Gold Creek 15 cts. m. Gold River, 7- cts. n. Itogons 65 cts. n. LXL $1.35 b.

Salacots 15 cia. a. Kailan Mining Ad. 11/3 n. Langkats (Single) Sh$10 a Masbate 67 cts. b.

Shai Exploration Sh.$41⁄2 n. Shanghai Loans Sh.$4`n Raubs $11

San Mauricio 92 cts. b.

h.

United Paracle 61 cts. b., 61/62

cts. sa

Venz; Goldfeld $31⁄2

Docks, etc.

to

HK. and K. Wherres $32. E.K. and W. Docks $9.

(old) $1.40. b.. Providents

Besides eliminating the cessing taxes the House sub committee on taxation agreed that the discussion of the full com-

be restricted mittee should three major proposals:

(1) Broadly to revise the cor-

the in THE CHINA & SOUTH SEA BANK. Poration taxes, estimated to bring

$591,000,000, based on amount of the net income held for the reserve;

C. H. BENSON,

General Manager.

LIMITED

the of (Incorporated in China)

(2) Ninety per cent Head Offer-Shanghai

windfall tax will bring at least Capital

$7,500,000,00

$100,000,000 to be levied .$1,500,000.00 Reserve Branches-All Important Cities in paid or

taxes;

China Foreign Exige and General Habisag Businem transacted.

on un-

$1.45 $2. Providents (New) $20 cts. I Hong Kew-Sh$190 m New Engineering Sh$4 n Shanghai Docks. $79 n.

Cotton Mil

Ewo Cottons Sh.$8.

Flash: Average daily production the debate in the Commons today of petroleum during the past week takes an unfavourable turn for the is estimated at 2,836,000 barrels, British Government It is, more- against 2,808,000 barrels the pre-over, generally assumed that the debate will influence the question vious week.

an Institute of The Edison Electric

eventual Franco-British estimates electricity production at military agreement 1,860,000,000 kw.h., an increase of The încreased tension between 78 per cent from the correspond-Britain and Italy is likewise cans- ing period of last year.

REICHSBANK RETURN

Increase In Note Cover Recorded

** CHINA MAIL" SPECIAL

etc.

-Terms: Cash on Delivery

LAMMERT BROS..

Auctioneers. Hong Kong, 25th March, 1936. ·

THE Undersigned 'have received insunctions to sell by Public Auction

од

Friday, the 27th March, 1936 commencing at 2.30 p.m.

at their Sales Room, No. $5 Hankow Boad, Kowloon A Quantity of VALUABLE HOUSEHOLD

FURNITURE

ing some misgivings here A Comprising:-

Teak Bed Room and Dining though it is stated that French

Roo Furniture, Chesterfield official circles had in the beginning resented Mr. Eden's statement in Suites, Office Furniture, Carpets, Rugs, Enamel and Shanghai the Commons, and actually con- sidered withdrawal from the sanc- Baths, Omaments, Pictures, Elec been tric Table Lamps and Fans, tions. this idea has now given up, because it would con-Cutlery, Brass and Glass Ware, and Aluminium Ware, stitute a "unilateral action" simi-E. P. lar to that for which Germany has Porcelain Ware, etc, etc. been condemned by the League

A Few Pieces of Black Woot Council.

Furniture.

I

also

On View from Thursday the

Terms: Cash on Delivery

LAMMERT BROS,

Auctioneers.

QUESTION IN COMMONS Berlin, To-day.

London: The Labour member 26th March, 1936.

the The Reichsbank return, dated Mr.

asked T. Johnston- March 23, issued yesterday, shows Premier whether he could under- an increase in the gold stock by take to hold a referendum before 0.1 to 71.7 million marks, and in opening the consultations between the foreign currency reserves by the General Staffs of Britain,

Hong Kong, 24th March, 1936:

THE Undersigned have received

01 to 5.5, making a total increase France, Italy and Belgium, as Tinstructions to sell by Pablie

by the Locarno unrefunded processing

in the note cover of 0.2 to 77.2 provided for

Corset and Baring Accounts opened and Fixed (3) The temporary continuation

Deposit red one year or shorter parads at is which will be:gnosed on application.

bou 2 CHANG,

HONG KONG: BRANCH:

2. Des Your Zouk, Central.

Manager's Office mana

Foreign Exchange. Duple

Genen Onio

Cantia' CON

23647 $3000

THE WING ON BANK, LTD.

Head Office: Hong Kong

26. Des Voer Road Central Authorised Capital $10,000,000 LONDON BANKERS:- Westminster Bank, Ltd. Foreign Exchange and every cripton of banking business transact-

ed

of the existing capital stock and the excess profit tax, to yield $83,000,000.

The above-mentioned...revised tax on dividends paid to for- jeizners is estimated to produce

$25,000,000.-Reuter.

BERLIN SHARE MARKET

Berlin,

-

share to-day. The market was in a very buoyant Fixed interest mood yesterday. der-securities were little changed, and the turnover was amali Call at 3 per cent.-

Current Accounts and Savings Ae Money stood counts opened. Fixed Deposits re Trans-Ocean Service. ceived at rates which, w

will be quoted on application

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

PHILIP GOCKCHIN

ד!

Chity Manager.

REICHSMARK QUOTATIONS

Berlin, to-day-The Reichs- mark was quoted yesterday with- out guarantee at: New York, Amsterdam,

Interest allowed for Current Ac-40.40; Paris, 609.5: Deposits received for fixed periods 59.15; and London, 12292. - Paris on applica-quoted the Pound sterling at 74.97 to 75.0 and the US. dollar at 15.115 to 15.11%-Trans-Ocean Service.

at rates to be obtained

tion.

G. KISHINAMI. -

Manager.

Hong Kong, 10th March, 1936.

POPEYE.

"Hiding Behind The Bush.”

SO YOUR MEN ARE DRESSING UP AS KIDS SO THEY JONT HAVE TO JOIN THE ARMY-.

YEAH-BUT ILL):

FIX 'EM

BUT, SIR.

UE CANT JOIN

(STEP INTO

THIS ROOM THE ARMY WEI YAM GONER ARE ONLY

LYA OP THREE

THE

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China)

.$5,000,000. Capital paid up

..$7,200,000. Eeserves Capital Savings Dept. $500,000. Beserve 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.

Office Home Bour

6, Queen's Road Central Phone $1116.

BUT HOW ARE YOU GOING TO

TELL ANYTHING

ABOUT THEIR AGES BY KEEPING "THEN LOCKED UP

Shanghai Cottons (old) Sh$70 Shanghai Cottons (new) Sh$40

De

Zoong Sings Sh$12 n. Wing On Textiles Sh$25 1.

Lands, Hotels, etc. HK and S. Hotel $445-82. · HK Lands $291⁄2 b. HK. Lands 4% Debentures

100% b

Shanghai Lands Sh.$13 u Metropolitan Lands Sh. $10 a. Humphreys $94 3.

HK Realties $5 - Chinese Estates 184 1 China Rexities Sh.44 n China Debentures Sh$60 n

Public Utilities

H.K. Tramways $10.70 s. Peak Trang (old) $ 1. Peak Trams (next) $3 n. Star Ferries- $84-n. YaumatiTM Ferries $19 1.

C. Lights (old) $10.60 b., $10

$2

C. Lights (new) $7.35 b. E.K. Electrics. $63 sa. Macao Electrica “$20 n.. Sandakan Lights $7 b Telephones (old) $25.15 z. Telephones (new) $9 n China Buses Sh$114 . Singapore Tractions 21/- b. Singapore Tractions Pref. 26/-)

II.

Industriais Malabon Sugars $8:40 n.

од

Saturday, the 28th. March, 1936- commercing at 10.00 am2.

million Reichsmarks.

Memorandum, in the event of an Auction The note circulation declined unsatisfactory German reply. Mr. by 121.1 to 3,843.4 million Baldwin regretted not being able The amount of to give any such undertaking--- Reichsmarks credit issued as measured by the Trans Ocean Service.. bills, cheques and advances, de- clined by 149.2 to 4,352.9 million! Reichsmarks.-Trans-Ocean

{vice.

Ser

Cald, Marg. (Ord.) Sh.519% - Cements $8.30 n. Canton Ices $14 HK Ropes $47% m

Stores, etc Dairy Farmis $191⁄2 sa. Watsons $4% 8. Lane, Crawfords $634 z

Mackintoshs $5 Sinceres $2.10 b. Win Powells 70 cts. Wing On (EK) $55 Miscellaneous

Entertainments $4.70 n. S. C. Enterprises $135 n. Macas "Greyhounds" $2 a. Constructions (ok) $1% n Constructions (new) 50 cts. a. Vibro Piling $4 n.. Ch. Govt 5% 1925 G$Bảμ--

94%. D.

FLK Govt 4% Loan 44% prem

b.

HE. Govt. 92% Loan par. a. Wallace Harpers $42.

To-morrow.

THREE DAYS LATER

CURSES

PODE

THAS

EASY

OKAY BOYS-

CURSES

TO YOU FROM

YAM GONER

LET. YA OUT

NOW

at No. 211 Prince Edward Road, Kowloon

A Quantity of VALUABLE HOUSEHOLD

FURNITURE siso

One 6 Cylinders "Fixt” “Tourer (in excellent running order).

On View from Friday the 27th, March 1936.

Terms: Cash on Delivery

LAMMEET BROS.,

Auctioneers:

Hong Kong, 24th March, 1935

DISAPPOINTMENT APPARENT London: The House of Com- on foreign affairs ¡mons debate

will take place to-day and several members asking questions yester day afternoon were urged to jawait the statement which will then be made by the Foreign Se cretary. Disappointment at the unhelpful' character of the Ger- man memorandum in reply to the four-Power proposals was appar- Jent, both in official and journalis-

tic circles in London yesterday. THE Undersigned have received While there is, gratification that instructions to sell by Pablie the path of negotiation remains open, the common view appears to be that the hope of progress depends on the realisation in Ber lin of the necessity for some con- structive suggestion from the German side for the restoration of confidence, which is essential before negotiations can begin,

The Foreign Secretary had con versations yesterday afternoon with the German Envoy, Herr von and the Russian Ribbentrop, Foreign Minister, M Litvinoff. British Wireless, Service.

Auction

פס

Wednesday, the 1st April, 1936- commencing at 10.30 a.mL

at No. 14, Tak Shing Street, (1st Floor) Kowloon

A Quantity of VALUABLE HOUSEHOLD

FURNITURE

On View from Tuesday the 31st March, 1936.

Terms: Cash on Delivery

LAMMEET BROS.

Auctioneers. Hong Kong, 25th March, 1935.

"The Eyes Have It."

HONG NG

DIRECTORY

1936 ISSUE

NOW

ON SALE

THE NEWSPAPER ENTERPRISE LÍD.

BA. Wyndham St.:

Tel. 29022

}

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