1936-04-29 — Page 8

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised Capital

$50,000,000 Loved and Fully-Paid-up 20,000,000 Zaserve Funds:

Sterling...£ 6,500,000

Hong Kong Currency

Reserve

....$10,000,000

Reserve Liability of Pro-

prietors

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

Incorporated by Royal Charber, 1858. HEAD OFFICE: LONDON

THE CHINA MAIL, WEDNESDAY, APRIL 29, 1936

COMMPANY MEETING

Paid-up Capital Reserve Fund

Reserve Liability of Pro-

prietors

$3,000,000 £3,000,000

£3,000,000

$20,000,000

Agencies and Branches:

Alor Set

amfiteat

HEAD OFFICE: HONG KONG.. BOARD OF DIRECTORS Hon. Mr. J. J. Paterson. Chairratia.

G. Miskin Esq..

Deputy Chair

Bangkok

Deshbay

اللمال العالم الجرية

Santon

Canopore Caba

Hon. Mr. W.H. Beil, J.K. Masson Esq,ombe AB, Compton Esq, T. E. Pearce Eng. Det

Hon. Mr. S. H. Dodwell,

منوا

ipo karach

Justi

kuma Lamper

Bago NEDE bearing PUTA Shanghai Magyar

team Dourabay 'impong

kuching

Stadena

·Medan

Jew York

Haiphong Hamburg

Jangkaa

{alhador)

Th Jukome Zambong

J. A. Plummer Esq.k

POLI

I. Johnson Esq., AL Shields Een ong

V. M. Grayburn, Esq.

AMOT

BAJUEVE HAVA

BUSY

CALCUTTA

CANTON

GREFOO

CULUM DALKES POOCHAW

"HAIPHONG

HALOH

HAN

HONORE

ILUI

1203

SONORE

LUBE

XOLORIN

Chad Manager.

BRANCHES :-

KUALA LURT A

LS145

LANS MALACCA MANILA

Sa Nobuje!

MURDEN

NEW YORK

PLAYING

PENAM

RAMON

SAN FRANCISCO

ANHA

SOURAHAYA

SINGAPURE

SUGLI PATANI

THEN USIN

JAYU

د لا خلال 10

Current Accousse greed to Lomi l'urney Band

ital imponia Demand for whom Jonat

pere i bocal Currency and Dist

ما شاهانی و علی مصادی به خدا

is up to dam AFE

Duitse men I'O ILT.

мость до

DEPUNT BOXES is

Hos Kong, 24th February, 1936.

HONG KONG SAVINGS BANK

zweg zchange all General banking businew

Correal Accounts upesed, and Fixed Depot Poured Dur one year or shorter perioda a whlen wie vasted cappucalih

A. BREAKLEY,

Manager

Hong Kong 1st January, 1936

THE

INC.

kaway dad with do send Lasburg in USA Head Office: 65, Broadway, New York

Commerce and Finance

CHINA EMPORIUM DOING WELL

Good Year's Work Reviewed

CHAIRMAN'S OPTIMISTIC

the current Imarked

ADDRESS

the

WORLD RUBBER MARKET

NEW INCREASE IN QUOTA

SHARE MARKET

The following was the list of local share quotations issued to Įday:

Banks

H.K. Banks $1,510 m. H.K. Bank (London) £103 m Chartered Bank £141⁄2 n. Mercantile Bank A. and R

£914-IL

Mercantile Bank C. £141⁄2 a. Bank of East Asia $73 n.

Insurances Canton Ins. $275 n. TRADERS TAKEN BY SURPRISE Union Ins. $515 b.

London, To-day.

The rubber quota increase completely surprised the ma- jority of traders, who generally "In a business like ours, anticipated that there would be

Consequently the] benefit of a stable exchange is a no change. ready being felt and and your commodity slumped sharply in directors are pleased to report London, Amsterdam and New) trading York, although the volume of that the results of our during the first three months of liquidation was not great.

year have shown a It is suggested that the Com- the mittee's decision was possibly improvement over AMERICAN EXPRESS COMPANY, same period of last year," said the influenced by Mr. Townsend, the Hon. Sir Shou-son Chow when he consumers' advisory represen- presided at the annual meeting of tative. foreshadowing a large of the China Em-increase in United States con- Shareholders

was held at sumption. It is estimated that porium Ltd, which

the world stocks are at pre- the Company's offices yesterday.

sent being drained by 15 to 18 US$6,000,000.00 The chairman was supported by thousand tons a month, and the S. Chau and quota increase releases about 2,183,633.00 the Hon. Mr. T.

$70,781.UW Messrs. Kan Tong-pe, Li Tse-fon 5.000 tons

more rubber Chow Chi-nam, P. K. Kwok, Fung month, decelerating the present 3. Chan Harr rate of the decline in stocks ac- Ping-fan and

directors), and the Hon. Dr. Scordingly. W. To and Messrs. Li Tze-choi. It is considered that by tak

Hin-cheung, Wong Mowling a decision now, which will flum. Wong To-ming, Chan Knot be effective until July, the ishing, Chow Ki-yuen, Cheung possibility of any far-reaching Tse-chong effect on prices will be dimin- Ying-chow,

Ko Kwai-fan.ished. Moreover it is hoped Kwok Yau-tin.

Chan Fung-yiu, Cho that American consumers, who Fung-vip.

hold Chow Chui-po. Ng Yuk-wing. Chan were recently inclined to

Capital Surplus

Reserves

Amatordaan

Aalborg --

عر العانة

Jaunu

BRANCHES:-

Konwwaz

الاعلى المارة د را

Jum tangan

The

vuaAN

to

Hules they be

Calcula

Habsburg

Liquidaberg ALLSTAINA

Lotdea kureurpunt

L

1 LAKE

The bumpers of the above Bank is vandart. wube kuNG AND SHANOKAI KANSING CUBIURATION,

sanded

2014.

E HUSU MING AND SHANGHAI

BASKIN, LOBAUBATION.

4. Y. OKAYCAN

Hong Kong, 24th February, 1936.

ا كان من الالة

Lopaticagen

تكملة باشة

klara

2 Jaredbe

Xuute verto

Such

للهفة كم

Zim

Julia

Ipang

Bollaegam

ize

Doplog "

L'amabarne

هذا النهاية

Branches of American Express Company in Principal cities of United

THE BANK OF EAST ASIA, LTD.(States of America and Canada.

Authored Capita

$10,000,00

Pd-up Lady Boers and individed I'¥€--‡ 1886,206.52

READ OFFICE:-HUNG KONG.

The Sus Bond Ce

BOARD OF DIRECTUS

Sur 2009 - Chow, Charinan,

Lion Chua da, 2 KX

All classes of Commercial Banking Transactions undertaken.

Chun

Wong

3

¡Shuk-hon. Pun Ching-yee and off lest the quota should

jchange, will now re-enter Kwok Chan (shareholders).

market Reuter.

Chairman's Speech

Addressing the meeting. Sir RAW RUBBER PRICES

Shou-son Chow said:-

"It is gratifying to your Dires Latest Quotations From Personal investment accounts hand-tors to be able to lay before you a Statement of Accounts which

led.

Fone

gous Chu bos, Lag. Han Xing

San Tung Po, Eng, Chind Manager...

La Tes Fong. Enju, Muanger.

BRANCHES AND AGENCIES :-

Swalla Xibend

Cvetl

LIDOJ

Halavis Bumbay Onlowsta

burning

Sagana

>ew Turk

Lanka

скорре Zourabay

wydany Tabaku TEND Tokyo

Hubung Backsw

Kowloon Lendon

Para

Penang Kangood

Smugg

Deci Francigna

Vapour

Yolobaze

Ivey description of Banking and Exchange Laus graced on spproved bleached

Cucuzte opeted in Lona! CuernaKY od Fixed Deposita royal fx 904 June or akartar periods in Local sad" Fondga Catruncina on lerous which will be added on applimtion

bile Depond Bats To L

ТАК ТОВА 20.

Chist Manager.

Directors

propose

to

Singapore

China Underwriters $1 =. China Fire Ins. $450 m. H.K. Fire Ins. $250 n. International Assce. Sh$31⁄4 2.

Shipping Douglases $36. H.K. Steamboats $51⁄2 n. Indo-Chinas (Pref.), $30 m Indo-Chinas (Def.) $20 n. Shell (Bearer)· 23/9 u.. Union Waterboats $12.20 n.

Mining Antamoks $2.33 b, $2.40/35 sa- Balatocs $214 m. Baguio Gold 36 cts. b.

Benguet Consolidated $18.20 1 Benguet Exploration 22 cts. n. Big Wedge 35 cts, s. Demonstration 70 cts. b.. 73 cts.

Si

Gold Creek 15 ets. n. Gold River 4% cts. n.

Itogons $1.20 s.

IX.L. $1 -

NEW YORK STOCK MARKET

Long-term Trend Still Bullish

ADVICE TO SELL ON RALLIES

NEW ADVERTISEMENTS

NOTK

NOTICE

OTICE IS HEREBY GIVEN that Mihail Konstantinovitch (Michael Constantin) Yatakin of May Hall, the University, is ap-

Messrs. White, Weld and Com- pany, New York Correspondents Plying to the Governor for natar. for Messrs. S. E. Levy and Com-alization, and that any person who pany. report:-

knows any reason why naturaliza- Stocks: The long term trend is tion should not be granted should. still bullish, but the intermediate

trend is bearish. We would ad- send a written and signed state- vise a trading position should ment of the facts to the Coloniał. · prices further recede and sell on Secretary. rallies. Business done: 2230,000 shares.

to

Wheat: Conviction is gaining that rains are insuficient. Millers: are buying on a hand-to-mouth basis. Demand. is suficient maintain good "spot" premiums. Purchases on dis are advisable. Total sales: 53,551,000 bushels.

Cotton: Good general rains in Texas are reported. but the scat- tered showers in Oklahoma are insufficient.

recent

CONSIGNEES' NOTICE

BURNS-PHILP LINE

From MELBOURNE, SYDNEY, SALAMAUA, KABAUL, - SANDAKAN & MANILA ·

M. V. "NEPTUNA” Consignces of Carge are hereby informed that all Goods are being

Rubber: A quota of 65 per cent. landed at their risk into the hazard- rather

ous and/or extra hazardous Godowny От strengthens

Kowloon of The Hong Kong and views regarding the fundamental! Wharf & Godown Do., Ltd, where position of the market. We re- and/or from the wharves delivery commend the distribution of buy-may be obtained. ing during the next few sessions. Total sales: 392 lots.

No claims will be admitted after the Goods have left the Godowns, and all Goods remaining undelivered. after the 6th May, 1936, will be sub-

against the must be present to the Undersign- The following quotations haveed on or before the 20th May, 1936 or been received by Revter.

they will not be recognized.

COMMODITY PRICES Ject to rent.

Prev. Yesterday Closing Closing-

All

claims

steamer

To comply with the General Band ed Warehouse Regulations consignets must have 2 Revenue Officer tendance

it-

when damaged dutiable goods are examined.

All broken, chafed, and damaged Goods are to be left in the GodowHERS where they will be examined on the 1936, at 10 am, by Messts. May, Goddard and Douglas.

Insurance

been has

Bills of Lading will be counter- signed by,

GIBB, LIVINGSTON & CO, LTD.

Agents.

Hong Kong, 28th April, 1936.

Salaeot 11 ets. . Kailan Mining Ad. 12/3 a. Langkats (Single) Sh$10 n. Masbate 70 ets. b. Shai Exploration Sh.$44 n. Shanghai Loans Sh.34 m. Raubs $114 R.

New York Cotton:- May July

October

the

San Maurico $1.10. b., $1.15 s. United Paracale 75 cts. sâ. Venz: Goldfeld.

Docks, etc. H.K. and K. Wharves $91 HK. and W. Docks $9 1. Provideats (old) $1% a. Providents (new) 20 cts. Hong Kew Sh$190 . New Engineering Sh$4 a Shanghai Docks Sh$100 m

December January March Spot

New York Rubber:- May

11.53 11.13 11.09 10.27 10.21 10.25

10.21 10.29 10.23 10.33 10.27 11.77 11.69

11.49

5th

No Fire

effected.

15.93 15.70

July

16.05 15.81

September December

March

16.19a 15.92 16.285 16.02 16.40a 16.14

Chicago Wheat:-

May

98

July

87

35%

B

Shanghai Cottons

$39 b.

(new) Sh. Chicago Corn:-

May

61%

62%

Zong Sings Sh.$12 n. Wing On Textiles Sh.$25 2.

¡July

6014

60%

Lands, Hotels, etc. H.K. and S. Hotel $4.80 b. H.K. Lands $30 sa.

Winnipeg Wheat:-

May

793%

80

July

80% 82

81

82%

improvement; The Company offers to intending shows considerable

Messrs. H. B. Joseph and Co. Travellers the use of its "Trevellers over that of the previous year.

received have

the following Cheques" and Letters of Credit and From the Report you will notice

quotations în Straits Currency in addition, the world-wide services that the of its thoroughly equipped Travel

utilise the net profit of $63.521.20 from Singapore for Raw Rubber. Department.

Buyers. to write of Furniture and Fixtures!

Spot

.25% Down 5 C. H. BENSON, tby $25,687.49, Preliminary and

.264 Down 1⁄2 General Manager. Formation Expenses by $26,404.75

26 Down 2 and Bad and Doubtful Debts by

27 Down

THE CHINA & SOUTH SEA BANK, $2,056.91, leaving $9,372.05 to be

LIMITED

(Incorporated in China) Head Office-Shanghai

Capital

.$7,500,000.00 $1,500,000.00 Reserve Branches-All Important Cities in

China Forsigs Kembangs and Genaral Banking Boris

tracted

Curat and Saving Aosonu apned me Deponde received for one year or share 21 29400 which will be quoted on application.

YOU CHANG

carried forward to the credit of a new account.. We sincerely trusti that these proposed appropria-i tions will meet with your ap- proval.

¡May/June July/Sept. Oct./Dec.

Market:-Easier.

LOCAL DOLLAR STEADY

Silver Prices Fall

"In spite of the continued de- Pressed condition of trade daring.

The local dollar is steady, the year under review and the!

in exchangejopening on demand this morning! is violent fluctuations

which rendered business trans-at 1/3%d. actions most difficult, our total Silver prices fell %, both "spot"| volume of business done during and "forward" being quoted at the year was in excess of that of 20.

Mabague.

HONG KONG BRINCK: 3. Des T Bot, Charit.. Manager's Other

27, 2016S

*9506 33047

THE YOKOHAMA, SPECIE BANK iga Encharge Dept

LIMITED

Established 1880

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

Ven 129 150,000;

Head Office: YOKOHAMA

Branches and Agencies at

Nagasaki Nagoya

New York Option

Alexandria

Batavia

Berlin

Bombay

Calcutta

Canton

Dairen (Dainy)

Hamburg

Hankow

Harbin

Kong

Horg Hondult

Kobe

London

Paris

Helping

goog

Seattle

Semeraus Shanghat

Singapore Sourabaya

Cashier's USOR

THE WING ON BANK, LTD.

Head Office: Hong Kong 25. Des Voer Rose Central. Authorised Capital: $10,000,000

LONDON-BANKERS:—

Westminster Bank, Ltd.

the previous year, both in quantity The London on New York cross- and value. When it is realised rate was quoted at £-US$193, that the ruling rate of exchange as compared with S-US$4.93%, for a considerable period of 1935 while the New York on London was higher than two shillings, cross-rate was quoted at £-US- and that consequently goods $4.93%. as compared with bought and sold were very much US$4.933⁄4. cheaper in value, you will under

year.

Foreign Exchange and every des- stand that the total volume of results of our trading during the cripton of banking business transact goods sold over the counter had first three months of the current to be far greater than that of 1934 year have shown marked improve- "Geurent Accounts and Savings At- before it was possible to achievement over the same period of last

Fixed Deposits 25- counts opened. ceived at rates which will be quoted the satisfactory results now placed

before you. on - applications:*

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

PHILIP. GOCK CHIN

Chief Manager,

THE MERCANTILE BANK OF INDIA, LTD.

"Shareholders may rest assured "Although we have not yet that your Directors and Manage Fengtien (Maiden) Río de Jentire.

reached the stage when it would] San Francisco

ment will continue to exercise the the pleasant duty of your Direc-

greatest economy in expenditure tors to declare a dividend, yet they consistent with efficiency andį sincerely believe that we are on maintain the present courteous the high road towards that very and useful service which, it is desirable goal.

felt, is being appreciated more "Turning to the Balance Sheet, and more by the public. you will notice that our overdraft

"I have to announce that your] jat Bank very much less than Directors have accepted the ad- that of the previous year, and that vice of our Auditors regarding the our financial position is sounder adoption of the Gregorian Calen- in every respect. The value of our dar instead of using the lunar

Los Angeles

Manila

Moji

Tringtau

Yingkow

Interest allowed for Current Ac- counts.

Deposits received for fixed periods

HEAD OFFICE:

15 Gronchurch Street, London, ECA Anthorised Capital £8,000,000 1,800,000 --- 1,050,000

Subscribed Capital

Paid-up Capital

Beserve Fund & Rest 1,247,230

BANKERS:

at rates to be obtained on applica- Beak of England Tiled Bank, Ladstocks in hand is about the same calendar in the making up of the

tion.

G. KISHINAMI,

Hong Kong, 10th March, 1936.

BRANCHES

Manager.

Bangkok

Bombay

Ipob Fandy

Cloutie

Colorbe

Deli

THE

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China) Capital paid up....$5,000,000. Reserves

.$7,300,000. Capital Savings Dept. $500,000 Reserve Savings Dept. $300,000. Head-Office Stangisk

of her

A Bank having as its mission the industrial development on China and the

fostering commercial relations abroad."

6, Queen's Road Central

Hong Kong Office

Phone 31116

علاوي

Hong Long Почти

Kanis Ligie

Kew York Prog Port Loun

Bangun

as that of last year, being only Company's yearly accounts in fu- lower by about $40,000.00. I hope ture, and so commencing from you will consider that this stock this year all our financial years will close on March 21, instead of Mauritiis not in any way heavy.

"Regarding the Prost and Loss the last day of the lunar year as

on the advice of ourjat present" Account, Auditors, Debenture interest paid during the period under review

Jana Lampor Bangbai

Kunstad (Pakang) Simla

Sing-pore

BONG KONG BRANCH.

+

Other Business

The chairman's proposal for the

Every description of Beaking and Exchang viz. $68.733.96, is now shown. You adoption of the report and

business cruentolač.

Terriers Chaguar Sessed.

Trost and Emoterisiga undertaken. Pixed Deposits at Estes that may be sometalnað

Z. LENSEDI.

INTEREST allowed Carwal counts

7, Q's Bond Central.

Manage

Brink Your PRINTING Problems to Us

THE NICHEPAPER ENTERPRISE LTD.

ac-

will also notice that the Directors counts was seconded by Mr. Che have, as before, voluntarily waived Shak-hon and was 'cazried

a portion of their fees to the exanimously, while the Hon. Dr. S. tent of $2,200.00 in view of the w. Tso preposed and Mr. Young fact that no dividend can be de-Ying chow seconded the re-elec clared. I am sure this will be aption of the Hon Mr T. N. Chau preciated by the Shareholders.

Year Changed

and Messrs. Fang Ping-fan and ]Chan: Man-chi to the board of [directors," this also being carried. "In a business like ours, the

Messrs. Percy Smith, Seth and; beneft of a stable exchange is al-Fleming were re-elected auditore ready being. felt and your Direc-on the proposal of Mr. Kwok: Chan, tors are pleased to report that the seconded by Mr. Pan-Chinz-yze's

Cotton Mills'

Exo Cottons SE.$3 b.

Shanghai Cottons (old) Sh.ST1 September

EK Lands 4% Debentures October

100% b.

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

EK Realties $5 z

Chinese Estates $82 n. China Realties Sh.34 m. China Debentures Sh.$60 1.

Public Utilities HK. Tramways $10.85 b. Peak Trams (old) $7.n. Peak Trams (new) $3. Star Ferries $36.b. Tammati Ferries $19.

PUBLIC AUCTION.

I

THE Undersigned have received: »

95% instructions to sell by Public

87%

Auction $5%

£125,000 DEBTS OF CAR TRADER

West End Bankrupt In Prison

"MY BRAIN AS A BIT RUSTY”

Friday, the 1st May, 1936,

commencing at 11.00 am.

at their Sales Room,

4 Duddell Street

A Quantity of Valuable Household.

and Office Furniture

Terms: Cash on Delivery

LAMMERT EROS.,

Auctioneers..

Hong Kong, 29th April, 1936.

the ground that the debtor had. {notified' his creditors that he was about to suspend payment of his debts, and he was adjudged bank- rupt on December 1, 1934, Mr.

A man who came from prison to Percy Phillips, of Great Partland-- the London Bankruptcy Court for street, W., being appointed trusted: his public examination last month of the estate at the first meeting apologised for not remembering of creditors. certain facts.

"For the last 14 months I have!

Insufficient Profits

been unable to use my brain much, Pipar attributed his insolvency" and it has got a bit rusty," he said.to the profit of his business having He was Cyril Joseph Southwell been insufficient to meet overbead sa Piper, and is serving a sentence expenses and to heavy interest on

C. Lights (old) $10.70 b. C. Lights (new) ST1⁄4 b. HK. Electrics $503% b. Maiczo Electrics $zo ni Sandakan Lights $8.30 m. Telephones (old) $25.20/40 Telephones (new) 49 n. China Buser Sh.311/1/ Singapore Tractions 20/" n Singapore Tractions Pref. 23/

T

Industrials

Malabon SugarsTM $8.40 ́n. Cald., Macg" (Ord.) Sh.3291⁄2 1. Cald, Merg, (Pref) Shi$15 1. Canton Ices $13⁄4 n. Cements. $10.10.b; $10 sa HK. Ropes $4.40 b.

Stores, etc.

Dairy Farms $20 m. Watsons $2.80 b. $2.39 37. Lane, Crawfords $63⁄4 z. Mackintoshs 45 n. Sinceres $2 12. Wis. Fowells 50 cts. n. Wing On (EK) $50 n

Miscellaneous

Entertainments $2.90 z. S. C. Enterprises $1.35 a. Macao "Greyhounds”, $2 m. Constructions (old) $1%-2 Constructions (new) 40 cts. &- Vibro Piling $4 m.

Ch. Govt. 5% 1925 GIBda.

93/%e

of 21 months for obtaining money loans. He said that a complete- set of books of account was kepti. by false pretences

the bankrupt's Asked by Mr. Registrar Méllor According to amended statement of affairs, at when he expected to finish his sen- the date of the receiving order, teace, Piper said he would be ont: November 8, 1934, his grass liabili-in July. He found it diffeult in ties were $125,414 34. 4d, with a prison, without telephone or rem

ference books, to

prepare any": deficiency of £115,146 85.

Among the items that make up statedients in connection with his the deficiency account were net bankruptcy, as he was unable to... loss in trading 510,744 7si 3d, and find out where people lived" estimated interest од

£95,644 9s. 6d.

Statement Tendered

Loatia

The Registrar adjourned the public examination to Oct. 13, by which time, he said, he supposed

According to the bankrupt's the bankrupt would have been able statement, in August, 1931, he to file the necessary account.

started business in partnership as motor-car, dealers in Langham- place, W. 1, under the styles of "Bruce and Co." and "Car Clear Co."

.

MR. LITTLEJOHN

ན་

In 1982 he removed to pre Sued, Despite His 'Name

Of Romance'

When a man named Littlejohn was sued last month at Clerken-

mises in Hay-market, and later to Albemarle-street, W., where he' made a loss of $2.558 on the first year's trading. Later, to repay creditors not prepared to renew loane, he had to resort to fresh well County Court, Mr. Registrar Friend remarked: "You cannot borrowings,

be hard on a man with a name of“ Early in May, 1934, certain cre- romance like that." (Little John · ditors called for repayment of was a member of Robin Hood's loans amounting to about £30,000 band of outlaws). and be 'could only repay by ob-

A girl witness, told the court' H.K. Govt. 4% Loan 5% prentaining further loans at a higher that Mr. Littlejohn was an hotel

b.

Govt 32% Loan pez. b. Wallace Harpers $4 s.

rate of interest.

and garage proprietor.

The receiving order was madej The Registrar: I see.. Still in on the petition of a creditor on the banditry business.