1936-04-22 — 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.

Issued and Fully-Paid-up 20,000,000| Fasers Funds:-

Sterling ......£ 5,500,000

Hong Kong Currency

Reserve

HEAD OFFICE: LONDON

Paid-up Capital

£3,000,000

Reserve Fund

£3,000,000

-$10,000,000

Reserve Liability of Pro-

Reserve Liability of Pro-

prietors

£3,000,000

priators

$6,000,000

Agencies and Branches:

Ake 6 Anzione

Tota

Bangoom

Ipok

Bangkok

Lunch!

Batam

Bereme

Bomba

Bhangam

Kuala Lumpur

Белетром

Fucking

Si

Сожароти Caba

Madew

Manzia

Medan

New York

Piping

KLAD OFFICE: HONO KONG.

BOARD OF DIRECTORS.

Hon. Mr. J. J. Paterson

Cheresa.

G. Miskin Esq.,

Deputy ChairELE.

لعلمي

صباحن

Hon. Mr. WH. Bell, J.R. Masson Esq- Colombo 4. Compton Esq. T. E. Pearce Esq.

Hon. Mr. S. A Plummer Esq.

M. Johnson Esq., AL Shields Esq. V. JL Grayburn, Esq.

AMOY

BUNGKUS

BATAVIA

BOMBAY

CALCUTTA

CANTON CHEFOO COLUYLO

POOCHOW

Chuel Masseer.

BRANCHES :-

LONDON

LYONS

MALANCA

MANILA MUAR Hohore) MUKDEN

NEW YORK

PIPING

DAIKES

MAIPRONO

- SALGUN

SAN FRANCISCO SHANGRA

HAMBURG

HANKOW

RAKLIN

BUNGKEW

TH

JOHURE

ΣΗΜΕ

KUMLAUN

KUALA LUMPUL

SÜNGEI PATANI TIENTIS

TUAN

TS: NOTAU

Yuhulaxa

Correct Adds opened in Leon Currency nad Deposit feared for car year or shorter

pared Low Currency and strung on vertika

will be questand will

1180 up to date SAFE DEPOSIT BOXES

banos TO LET.

Hong Kong, 24th February, 1936.

HONG KONG SAVINGS BANK

The Buscomy of the noong Bank in craduct- by the BUNG KONG AND SHANGHAL PANKING CORPORATION.

elained on appro

Bales may be

FOR THE HUNG LONG AND SHANGHAI BANKING CORPORATION.

V.M GRAYBURN,"

Chan ManRT.

Hong Kong, 24th February, 1936.

Temang

Housebaya Teping T2041 COLL Tongkah

elshake Faingo Jukobama

Haiphong Baburg

Liar's

Kons Fares zadbangs and General banking busine Current Lopunte opened and Pized DeponIN rubened for one year of shorter periods at wauch will be quoted vet'application.

A. BREARLEY,

Manager. Hong Kong, 1st January, 1935.

THE

THE CHINA MAIL, WEDNESDAY, APRIL 22, 1936

Commerce and Finance

SUPPLEMENTARY EXPENDITURE

$46,000 Required For Road Building

meeting

of

At to-day's the Legislative Council His Ex- cellency the Governor will pre- sent for the consideration of the Finance Committee certain items of supplementary expen- diture, as follows:-

(1) The cost of certain new apparatus for the Finger-print and Photographic Bureau, $528; (2) Rent Allowances for Asia- tic sub-officers, $674;

(3) Rent allowances for European sub-officers. $197;

(4)

for Rent allowances

AMERICAN EXPRESS COMPANY, Senior Officers, $1,103;

INC.

Head Office-65, Broadway, New York

Capital Surplus Reserves

US$6,000,000.00 2.183,633.06 870,731,05

BRANCHES

Prevue

А

JNTICA

Moo

Auxwerp

Gilsagow

Malam

A

The Lingus

Smal

Batzne

Naprom

Kanie

Hamburg

Bwetan

Loubo

Dewaet

Ce79

المدينة

Kare Kadelbar Interlaken

Jurula London Liverpool

Lxigant Laskor

مriمت استرس لك

Manila

Nunch

(5) Improvement and exten- sion of the existing road from! Au Tau to Kam Tin, $46.374.80.

The first item is to be met frem savings under the Police Force estimates.

COMMODITY PRICES.

The following quotations have bees received by Reuter, ``-

Camd Calamba

Copenhag

Extrasbourg Hunedo

Branches of American Express March

THE BANK OF EAST ASIA, LTD. Company in Principal cities of United Spot

Authonand Capita May 10,000.00),QU Fand-up Capital

Jere Bad Undovided 170200

HEAD OFFICE -BONG KONG,

1. Das Virus Tum, Constal,

BARD OF DIRECTGES:-

Li Roan Chun. Esq. P. Ewoi, Day, Wong Jus Long Bay, Clas Chung Sha Eq.. Ls L bong, Eng Wong Cầu Son, Day, not a Ying

Po, Esq.

han Tung Fo. Log, Chini Knager.

Is I Fong, Emę, Dianager.

BRANCHES AND AGENCIES:

15: DUTEN

Personal investment accounts hand-December

Prev. Yesterday Closing Closing

NEW YORK STOCK Salaries Of Civil Servants

MARKET

Further Rally Expected

WHEAT CASH BUSINESS LIVELY

before this Council.

(Continued from Fage 1) ne surplas balance; on the con- "In the past Hong Kong has trary, she had a colossal National weathered many serious economic Debt; the whole credit of Eng įstorms, and she will win through land, and therefore of the British now as she has won through so Empire, was at stake, and what- loften it times gone by.”

ever steps had to be taken to save SHARE MARKET

HON, MR. M. K. LO's SPEECH the situation were justified by Messrs. White, Weld and Com- The Hon. Mr. M. K. Lo said! "the paramount consideration of" TO-DAY'S QUOTATIONS pany. New York Correspondents beg leave to make a few observa-preserving the existence of the

for Messrs. SE Levy and Com-tions on the Bill which is now State. The following was the list of pany, report:-

"In my submission, therefore, the local share quotations issued to- "Stocks:-We expect a further

"I would like to commence by proposed levy, merely as a tem |day:-.

rally and we would trade at the recording my personal sense of porary measure to balance our 151-156 range. Business done-satisfaction that the Government Budget, is, under existing circum- |1,880,000 shares.

has decided to seek legislative stances, hardly justified. On the Wheat: Cash business is live-sanction for its proposals em-other hand, i do consider that ly and exports are larger. April bodied in the Bill, as this pro-some permanent reduction in the Brains are decidedly below normal-cedure affords

a convenient op-salary bill which the Colony is now We would recommend accumula-portunity of expressing our views called upon to bear is essential tion of newerop wheat on good declines and we would liquidate. May holdings on balges. Total

"It is not. I know, sought to furge that our Civil

large | sales:-34,172,000 bushels.

justify the levy on the ground too "Cotton-Rains in Texas are that the salaries of the whole staff instances only partially beneficial to

Banks

1.

H.K. Banks 1,520 3. HF Bank (London) £1011⁄4 Chartered Bank £144 D. Mercantile Bank A. and

$31. Mercantile Bank C. $141. Bank of East Asia $73 1

Insurances Canton Ins. $275 n. Union Ins. $510 sa China Underwriters $1 . China Fire Ins. $480 n. HK. Fire Ins. $250 sa. International Assce. Sh$3 n. Shipping

Douglases $36 *. H.K. Steamboats $5 Indo-Chinas (Pref.), $30 2. Indo-Chinas (Def.) $20 m. · Shell (Bearer) 9610 n. Union Waterboats $12.20 .

Mining

Antamos $2.32 b. Balatocs $219% E. Baguio Gold 30 cts. b. Benguet Consolidated $18.20 Benguet Exploration 22 cts. b. Big Wedge 40 cts. 33. Demonstration 75 cts. b. Gold Creek 15 cts. . Gold River 6 cts. n. Itogons $1.22 b., and sa. IXL $1.55 sa.

Salacot 14 cts. a. Kailan Mining Ad. 12/3 n.. Langkats - (Single) Sh$10 m. Masbate 70 ets. ni

The

en a matter which involves im- portant questions of principle.

SERVICE TOO LARGE "Only recently I had occasion to Service was and that in

Many the salaries were

too

crop. Liquidation of May cotton are too high to the extent of the high, and I see no reason to recede percentages by which it is sought from this position. And I cannot was well taken.

to have them reduced; if this were resist the conclusion that the time "Flash: A forecast of weather conditions in both the wheat and so, the general reduction should has come when the whole question of Civil Service salaries, with its a merely temporary ar-

complicated and sometimes in- cotton belts indicates continued not be

rangement: it should be made per-dividual concessions and privileges. dryness.

manent. According to the state-leuch

as the provision of ment of the Hon. the Attomey General in iztroducing the Bill quarters, medical attendance, frel Jallowance, etc.. should be reviewed before this Council, the levy is by another Commission. In this being invoked in order to reduce

LOCAL DOLLAR STEADY

Silver Prices Rise

free

the expenditure side of the Bud- it may be possible that the prevailing Governmental salaries get, and so to balance the Budget may be brought into a closer ap- For 1936.

proximation to prevailing wages The local dollar is steady, "In times of violent fluctuations paid by the better private employ-. jopening on demand this morning in the cost of living caused by the!

ers for comparable work. lat 1/3d..

vagaries of exchange or other "Judged by the above standard. "Spot" silver advanced 1/16 to factors, periodic adjustments of and having regard to the Colony's 20-9/16, while “forward” also rose salaries in relation to such dis-capacity to pay in relation to a 1/16 to 20-9/16.

turbing factors may be reasonable Revenue which, however variable- The London on New York cross and necessary,

For instance, in its items of receipts dependent was unchanged at -US-believe I am right in saying that on the degree of the Colony's $4.94, while the New York on Lon-lin England don cross-rate was unchanged at salary rates are £-U.S.$4.94.

rate

-

RAW RUBBER PRICES

the

basic pre-war prosperity, has at least the certain adjusted every characteristics that large proceeds six months if the price index from undeveloped land sales can moves as much as five points up no longer be relied upon, and that lor down.

Peping Hai credan

Налогов

ishoux bei

plo

Testin Vienza

Yokohama Zunc

New York Cotton:- May July

October

11.43 11.50 11.19 11.12 10.38- 10.44

December

10.40 10.46

January

10.442 10.49 10.50 10.55 11.77

11.79

States of America and Canada.

All classes of Commercizi Banking Transactions undertaken

New York Rubber:- May

16.04a

13.95

S'hai Exploration Sh.$4 n.

July

16.13

16.08a

¡September

16.23

16.18

Shanghai Loans Sh.84 n. Raubs $114 ¤.

16.36

16.203

San Maurica $1.22

.

led.

March

16.493

16.431

United Paracale 80 ets. sün

Latest Quotations From

a

Cheques" and letters of Credit and, July

The Company offers to intending Chicago Wheat:- Travellers the use of its "Travellers May

Veuz; Goldfield $3

99%

100

addition, the world-wide services September of its thoroughly equipped Travel Chicage Corn:- Department.

921⁄44 90

91 90

H.K. and K. Wharves $91 b. E.K. and W. Docks $9 n Providents fold) $11⁄4 sa,

CA. BENSON,

May July

6278

63%

62

62

New York Dakka Tra

Baoule

Dingapore Sourabays SWAL Nydney Табли T

General Manager- Winnipeg Wheat:-

May July

82%

8214

83

0

7477

Tokyo

Londo

San Franc

THE CHINA & SOUTH SEA BANK, October

LIMITED

8434

83% 84

Ewo Cottons Sh.$81⁄2 b

Amay

BWATE

Bombay

Calcutta Canton

Haiphong

Manila

Petalid Keypa

Spotila bertarung

تمداری مسطرة

Tacquer

kub.a

Zvez descripuon af Banking and change business trazem:20). Low grouted on approved

Currat aus speed is Lou! Cursory and Fland Deposite received fr

shorter priode A Local and Foreign Counci Où in which will be quoted on application.

Sale Duport Bones no Lat

ZAN TONG PA,

Chief Manager.

THE YOKOHAMA SPECIE BANK - LIMITED

Established 1880

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

-

Yen 129,150,000

Head Office: YOKOHAMA

Branches and Agencies at

Alexandria.

Batavia

Berlin

Bombay

Canton

(Dainy)

Calcatta

Bankow Harbin

Honolulu Halaking

Karachi Kobe

London

Nagasaki

Nagoya

New York

Ossica

Faris

Peiping

Rangoon

(Mukden) Rio de Janeiro

Los Angeles

San Francisco Seattle

Singapore

Sourabaya

Tientsin

Tokyo

Tsingtan

Yingkow

Manila Moji

Interest allowed for Current Ac- counts.

tion.

Deposite received for fixed periods at rates to be obtained on applica

G. KISHINAMI,

Bong Kong, 10th March, 1936.

Manager.

פן

(Incorporated in China) Eead Office Shanghai

$7,500,000,00

$1,500,000.00

Capital Reserve Branches-All Important Cities in

China

Foreign Essbangs and Growa! Besiding Barlboss Sransacted

Curreas and Barizs Accounts opwand und Pizzed Deposit red for one year of shorter pacioda a chien which will be quoted on applicatio

BOG 2. CHANG,

HONG KONG BIANCE:

Des Your Boad, Central.

Manage

$350€

-

Tel. 23505 Manager's Omor Foreign Exchange Dept. bite with the terms an General Or Cashier's One

THE WING ON BANK, LTD.

Head Office: 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 transact-

THE MERCANTILE BANK OF

INDIA, LTD.

HLAD OFFICE :

15. Gracechurch Street, Loades. E.CA

£3,000,000 Authorised Capita! Subscribed Capital .. 1,800,000 Paid-up Capital .... 1,050,000 Reserve Fund & Rest 1247,839

BANKERS To Back of England & Midland Bank Ltd BRANCHES:

Bombay

Calestia Colombe

Karachi

Banglook

1 pak body

Kota Bharu

Kuala Lipis

Kuala Lumpur

Hong Song Howrah

Delhi

Galle

New York Pezog

Port Louis

(Mauritzor)

Bangorn

Shanghai

Suuntaa (Pubang) Simba

Yada

HONG KONG BRANCH.

$102.pore

Every deserpion of Basing and Exchange: bumzene rasvačios.

Travellers Chaquos Seaned.

Truster and Execunoships undertaken. INTEREST allowed on Current accounts and Fixed Deponite at Exten that may be ascertained #opplicati06.

E. KENNEDY

Queen's Bond. Central. King Kong 24h July, 1985,

Current Accounts and Savings Ac-] -----

Fixed Deposits re- counts opened ceived at rates which will be quoted on application.

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

PHILIP GOCKCHIN

Chief Manager.

RELIABLE PRINTING

no order 100 smäll

THE NEWSPAPER KITERPRISE LID.

QUERA BAIS, ULAR

LA STIÇINAR ST.

POPEYE. "The Rose Of No

AHOY, OLIVE DYL, MISS AZZIT DONE A PUNK JOB ON THEM

UNIFORMS

WONER IF YOU COULD ¡GET UP SUMPIN BETTER?

TELE

Manager.

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China) Capital paid up....$5,000,000. ..$7,300,000. Beserves Capital Savings Dept. $500,000. Reserve Savings Dept. $600,000, Head-Offee Shanghai

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

6, Queen's Road Central Phone 31116.

Man's Land”

SURE YWISHT WE HAD. [ICAN. LATHE" TAILOR- DRESSMAKERS POPEYE

AN'T NO GOOD AT MAKIN SOLJERS

UNIFORMS

I'VE GOT ONE RNISHED, POPEYE I THINK A LOW NECK AND LONG SLEEVES GIVE IT DIGNITY—AND IVE WIDENED THE BOTTOMS OF THE PANTIES | SO IT WILL MAKE WALKING

EASIER AND THE ROSE EPATTERN 15

ATTRACTIVE

Docks, etc.

Providents (new) 20 cts. 1. Hong Kew Sh$190 n. New Engineering Sh.34 n Shanghai Docks Sh.$100 D

Cotton Mills

Shanghai Cottons (old) Sh.$70

D

Singapore

DANGEROUS DISTURBANCE

the hitherto fabulous income from sale of opium must surely and in- "But, I consider that it would be jeritably reach a vanishing point,

have. no doubt,

I and dangerous disturbance of the fundamental principle of security repeat, that the present salari

Civil Service is are in many on which the

instances excessive. based to subject civil servants' And, on the assumption that this that a Messrs. H. B. Joseph and Co-isalaries to variations depending view is sound, I submit bave received the following on the income and expenditure of temporary levy is not a solution quotations in Straits currency the Colonial Exchequer, unaccom-jto the salary question. from Singapore for Raw Rubber panied by circumstances affecting

Spot 26% Down b May/June 27 Down 4 b.

PERMANENT REDUCTION "I suggest that pending a re- stability of the the financial Colory. I have no doubt that, vision and irrespective of whe- July/September 27% Down 1⁄2 b-confronted with such circums-ther a revision takes place or not October/December 27% Down tances, and taken into the con--there should be a permanent

b.

Market:-Decline Temporary.

Shanghai Cottons (new) Sh- $50,000 CHEAP MILK PLAN sonable appeal to make sacrifices der the levy scheme. Based on

$374 à

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

Lands, Hotels, etc. H.K. and S. Hotel $5 sa. H.K. Lands $33 5. H.K. Lands

100% b.

4%

Debentures

Shanghai Lands Sh.$18 n. Metropolitan Lands Sh. $10 m. Humphreys $8.80.

H.K. Realties $5 - Chinese Estates $82 a. China Realties Sh$4 n. China Debentures Sh.$60 n.

Public Utilities

H.K. Tramways $10.90 sa Peak Trams (old) $7 n. Peak Trams (new) $ 1 Star Ferries $851⁄2 b. Yaumati Ferries $19 n. C. Lights (old) $10.60 b. C. Lights (new) $ b. HK. Electrics $52 n. Macia Electrics $20 n. Sandakan Lights $8.30 . Telephones (old) $25 b. Telephones (new) 39 n. China Buses Sh.$11. Singapore Tractions 20/- n. Singapore Tractions Pref. 28/

Industrials

Malabon Sugars $8.40 n. Cald. Macg. (Ord) Sh$191⁄2 Cald., Mecg. (Pre) Sh 15 2. Canton Ices $134. Cements $10% 8.

WHAT'S THE MATTER, DON'T YOU LIKE IT?

same

the total

fidence of the Government, the reduction of a small percentage- civil servants would readily and say 5 per cent on all salaries voluntarily respond to any rea-above the suggested minimum un-

Exchange at 1/Sd. in the interests of the Colony.

as set out in the 1936 Milk is to be distributed to poor

"Civil servants cannot, in my salaries

Estimates amount to some $11, families in England at 2d a pint, view, be regarded in the with the aid of $50,000 from the light as employees of a commer-1500,000. I gather that if the funds of the Commissioner for cial firm. The Civil Service is average rate of the dollar for 1936 Special Areas.

not a concern making a profit works out at 1/3d. there will be in the cost of the measurable in money,

or depen-an increase

Colony's Sterling commitments Ident upon the satisfaction

(including Sterling salaries), of consumers in a competitve market 3,000.000. I do not know how

EMPIRE AIR DAY·

Of

Military and civil aerodroma. It is not doing work which can much of this increase is attribut-

fixed

for

ELK Ropes $4.05 sa. Stores, etc. Dairy Farms $20 b. Watsons $334 s. Lane, Crawfords $63⁄41⁄2 n.

Mackintoshs $5 Sinceres $2 n

cent.

on

this-

lable to salaries alone. But for the will be thrown open to the publiebe measured exactly in terms of

any similar work outside. It can purpose of my argument I assimme on Empire Air Day.

offer none of the "glittering that the increase attributable to Saturday, May 23.

prizes" which at least were for salaries comes to $1,500,000. The merly obtainable in the industrial total figure for salaries expressed or commercial world Its chief in dollars, and based at Exchange attraction lies in its being of 1/3d.. therefore, comes to about

with "sheltered service,"

$13,000,000. Five per guaranteed income, an assured this sum comes to $650,000: permanence in employment un- "The only objection to affected by the varying ups-and-scheme is the obvious injustice to downs of commercial prosperity those whose salaries are not exces- and depression. Its history, its sive. But such injustice, which is, very of course, intensified in the pro- prestige, and, indeed, its existence, rest on the sure founda-posed temporary levy, is unavoid- tion of security. This foundation able until the salaries have been should not therefore be lightly revised. It may be urged that the proposed levy is designed to aid shaken.

our straightened finance to the "I am aware that England could extent of some $1.140.000 odd this

ard that therefore be cited as a precedent for call-year,

proposal for beneft- Ch. Govt 5% 1925 G$Eda. -ing upon the Civil Service to make mild

sacrifices for the common weal, ting revenue to the extent of only 9334.

circumstances which about $650,000 must be impractic- of its very mild- existed in England at the time able by reason H.K. Govt. 3% Loan par. b. were different from those obtain-ness.

(Continued on Page:9) Wallace Harpers $4 n-

ing in the Colony. England had

Wm Fowells 50 cts. n. Wing On (HK) $55 -

MiscellaneouES Entertainments $2.90 SC. Enterprises $1.36 . Macao "Greyhounds” $2 ̊n. Constructions (old) $14 n. Constructions (new) 50.cts. n. Vibro Plling $4 =

.

PRECEDENT CITED

HK Govt 4% Loan 5% prem. but the

5.

To-morrow.

BRUTIA'S FIGHTING MEN STILL POURING INTO SPINACHOVA- AND WHEREVER THE BRUTIAN SOLDIERS 60 50 GO THE BRUTIAN

VULTURES

A Hornet's Nest.”

HONG KONG $ DIRECTORY

1936 ISSUE

www.

NOW

ON SALE

THE NEWSPAPER ENTERPRISE LTD.

3A, Wyndham St.

Tel 20022

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