1936-05-20 — Page 8

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Hathormed Capital

-$50,000,000) Lasted and rudy-Paid-up 20,000,000 Leserve Fundame

Sterling.£ 3,500,000- Hong Kong Currency

Reserve...$10,000,000

Every Liability of Pro-

prietors

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

Incorporated by Royal Charter, 1853. HEAD OFFICE: LONDON.

Beserta Liability of Pro-

Paid-up Capital

Reserve Fund

palators

£3,000,000 £3,000,000

..£3,000,000

$20,000,000

+

Agencies and Branches:

Jor Ba

Rangoon

SAD OFFICE: HONG KONG. “ BOLED OF DIRECTORS.. Hon. Mr. J. J. Paterson.

Chattan

G. Miskin Esq.

Deputy Chair STEIN,

Kon. Mr. WE Bell, J.E. Masson Eag

Ipak Kenobi

Fing Xolm

Kista Latrapar

Bombay

Únicam

Kuchias

Uspore

Madona

Mattin

Kadan

New Tart

Haiphong

Peping

Hunting

Hantara Bartos

Freng

EL Compton Esq., T. E. Parcs Esq. Des

Hon. Mr. S. H. Dodwell,

J. A. Plummer Esq. LL, Johnson Esq, AL Shields Eaq.

V. M. Graybura, Esq.

AMOT

LANGKOK

SANA VIA

DALUUTTA CANTUN

CHEFOO

COLUMBO

HALLEN

IS ORDODE

KAIPHONG

RAMECHO HANKOW HARBIN

BOLLYW FLOILO

Chant Manager,

BRANCHES ---

JOHORE

JUMS

AQW LOOK

ELAL LUXPTE

LINDUN LIGNS

MALALTA

MANILA

MT. AB Ghara)

MLADEN

NEW AUKE

PEPID

FLOAN

KANGASIN

MIGON

SAN FRANCISCO

SILANG HAU

SINGAPUKE

SUNDEI PATANI

DUU BABRYA

TIENTSIN

10110

THNGTAO

KUKUHANA

Darrena Apsouch upeast in Love! Currency and

De received for use your be

Vatanda sa Local Cutrnuty nd Sterling on we will be quoted on applica

S TO 191

shorter

to decoratE DEPOSIT BOXES in Hong Kong, 24th February, 1935.

HONG KONG SAVINGS BANK

The Beasures of the above lack u oendeu -pl_by_the_HONG KONG AND SHANGHAI Blues may de

Misdaad Do AUDUOSMOR.

FOR THE RŨNG KONG AND SHANG BAI BANKING CURPUELLIION.

GRAYBURN

Chart Mangur.

Hong Kong, 24th February, 1936,

baigon

beng

Bhangha

Eingapore

betonwan

botabaya

Karping Talave

tophinh

(bka) Tsungla

Tokobama

Z

THE CHINA -MAIL, WEDNESDAY, MAY-20, 1936.

Commerce and

Finance.

LOCAL DOLLAR DECLINES

Silver Prices Fall

The local dollar has fallen 1/16, opening on demand this morning at 1/3-9/16d.

"Spot" silver fell 1,16 to 2014, while "forward" fell 1/8 to 20%.

The London on New York cross- įrate was quoted at £--US.$4.97%. as compared with £-U.S.$4.967%. while the New York on London

Hong Song

Foreign Exchange mod General Banking busLBODEN Curreal can opened and Fed DepowLE toured joe ons jaar de shorter periods, as rain cross-rate was quoted at £-US- which was quoted on applicatim.

|$4.97-1/16. as compared with £- Manager. US$1.973.

A BREAKLEY,

Hong Kong, 1st January, 1935.

LONDON EXCHANGE

THE

4:

AMERICAN EXPRESS COMPANY,

INC.

Paris

Brussels Milan

Madrid

New York

Incorporated with immited Liability in USA

Head Office:45, Broadway,

New York Geneva .U.S.$6,000,000.00

2183,633.00 Berlin

870,731.00 Athens

Capital Surplus Reserves

Londoa Yesterday.

...75-39/64 -29.384 604 30-7/16

.4.97-1/16† .15.7 12.3444

SHARE MARKET

TO-DAY'S QUOTATIONS

The following was the list local share quotations issued day:—

Banks

E.K. Bank $1,565 sa HK. Bank (London) £1053% Chartered Bank 141⁄2 n.

A. and Mercantile Bank

of

to

£30. Mercantile Bank C. 134 n- Bank of East Asia $73 n.

Insurances Canton Ins. $275 n. Union Ins. $527M 1. China Underwriters $1 China Fire Ins. $450 n. H.K. Fire Ins: $250 a International Assce. Sh$3% n.

Shipping

Douglases $36 n.

HF. Steamboats 54 1. Indo-Chinas (Pref.), $30 n. Indo-Chines (Def.) $20 a.. Shells (Bearer) 98/9 n. Union Waterbosts $12.20 n.

Mining

.520 sellers

BRANCHES

Goo

Answerg

Ginger

Moniteux Mo

Montreal Amsterdam Prague

.4.36%

Antamoks $2.50 s.

.7.3533

Balatoes $2134 n.

..1003

The lingue

Baguio Gold 27 cts. sa

Non Sapi

Shanghai

1/2-7/16

Antuan

Serian

Hamburg

PLEADING

Bombe7

Brassie

لعلمي

Hadadharg Lotarinkwa Jerusalam London Liverpool

Рекре Botterdam Костим shanghai Bouthamplom Kingapore **

Carme Colombo Copmahagen

Dubes Exab

LANOWIR

Luxor Harmailing Mocie Carlo

.

EJASON

Handle

Vaio Yakalanara Much

TOTOR

Branches of American Express

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

Ketherland Capita

Pd-up Capel

$20,000,000,00 6,53,900,0%

kamers kad Underidas 17odi 2,066,836.

LA Mo

BEAD OFFICE:-HONG EQX.

2. Da Varua Bumi Czuwenda

BOARD OF DIRECTORS :-

berbhouse Chow, Chairman

Chan, q, f.kwok king Wong Ios Tong Eag.. Chan Ching bak. Eaque Lot Lati Lang. Ling- Wong Tau bon, bag, and Kan Yang 1. Exq

Eas Tung Po, ling, Chief Mariager..

The Fung, koje Manager. BRANCHES AND AGENCIES ;-

Mulbourn

Jamuria

Destie Semarang

Donata

Deus

Osaka

boure-bay

skipit

HALFUND

gū

yday

Kastam Mosals

Lavicon

Landon

بدالمطلة

TANGIAND

THES Vanco

Lokaka

Everyping of Banking and Exchange baseman trend. min Cried oo nkproved

BRONZI LAMA

Curreal count opened to Local Curency and Freed imprmite revered for taugake of above, passade in Lous and Formiga Curac meskin band will be quiet de eppivensana

Depois Boxes To L

BEKAS KONG PO.

Chaal Maungat.

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

Bochay

Calcutta

Canton

New York

Nagasaki

Nagoya

Osaka

Peiping

Paris

Dairen (Dainy? Fangoon

Fengtien (Mukden) Rio de Janeiro

Hamburg

Hankow

Farkin

Kong

Hsialding Karachi Kobe

London

Los Angeles Manila

Moji

San Francisco Seattle

Singapore Sydney

Sourabaya

Tientsin Tokyo Tsingtan

Yingkow

Interest allowed for Current Ac- counte

Deposits received for fixed periods

at rates to be obtained on applica- tion.

G. KISHINAMI; (*

Manager. Hong Kong, 10th March, 1936.

POPEYE.

States of America and Canada.

All classes of Commercial Banking Transaction undertaken.

Personal investment secounts hand-|

led.

Other rates unchanged. Silver spot and forward 2014. War Loan 32%, 100.

British Official Wireless Service.

LABOUR DEMANDS

IN FRANCE Huge Public Works Programme

Paris, To-day. Financial circles are perturbed

by the vast unemployment pro- The Company offere to intending gramme launched by the General Travellers the use of its "Travellers Confederation of Labour, which is Cheques" and Letters of Credit and assuming the power behind the in addition, the world-wide services of its thoroughly equipped Travel Department.

C. IL BENSON,

ja the throne

new Socialist Government. It calls on the Bank of France to advance immediate- ly 500,000,000 francs to finance a

General Manager public works programme and in- sists on the immediate nationali- sation of the arms industry and

THE CHINA & SOUTH SEA BANK, the introduction. of the 40-hour

LIMITED

(Incorporated in China) Head Office-Shanghai

.$7,500,000.00

Capital Reserve

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

China

Foreign Exchange and General Banking Bualnemt

Current and Saving Accounts opened and Fiząd Deposit moved for one year or shorter perioda are who will be quoted on sppliestica

ĐỌC lại CÁNG.

- HONG_ZNU" "TRANCE :

3. Des Vaux Bond, Central

· Muongur's Offos

Poreg Exchange Dept. — Generato

Candour's O

+4

week-Eeuter.

THE MERCANTILE BANK OF INDIA, LTD.

READ OFFICE: Gracechurch Street, London. I.C.. Authorised Capital £3,000,000 Subscribed Capital

.. 1,800,000 Paid-up Capital .... 1,050,000 Reserve Fund & Rest 1,247 830

BANKERS The Park England ▲ Xidiand Bank, Lid

BRANCHES:

Ipok Kandy

Maceget.

LT-1 89565

*350*

Bangkok Torah 1

Kew York Peb

Karschi

Port Louis

Kota Bharu

Morition)

Kuala Lipis

Kuala Lumpur

Shangtni

Kuantan (Pahang, Sin Madras

Samgapore

THE WING ON BANK, LTD.

Bead 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- ed

Current Acwants and Savings Ac-) counts opened. Fixed Deposits re- ceived at rates which will be quoted on application.

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

PHILIP GOCKCHIN,

Chief Manager.

RELIABLE PRINTING

ng order 100 sinail

THE NEWSPAPER ENTERPRISE LTD.

JA STUNNAR SY.

CERA-MAIL, SENE.

4

"The Filling Station."

WE DON'T LIKE SPINACH! AND WE WONTESTS WHAT WE DON'T LIKE, 50-POOEY TO YOU (SURE) FROM WE

"NO-WE WON'T

EAT WHAT WE DON'T | LIKE-ESO-GNATS-

GNATS- TO YOU,

SIR!

Calcutta Colemba Delhi

سناري

Hong Food Howrah

HONG KONG BRANCH

:

R

*NEW YORK STOCK

MARKET

Decline Shown

INDUSTRIAL AVERAGE

MARKED DOWN

Messrs. White, Weld and Com- pany, New York Correspondents for Mesars. S. E. Lery and Comej pany, report:-

"Stocks:-In spite of some good) business news, the market to-day declined, with the industrial Wo average marked down 2.56. believe that the market is within a buying range for trading pur poses. Business done: 910,000 shares.

"Cotton-The cotton market was largely influenced by reports of moisture in the Central Belt and a forecast indicating wet con- ditions in the East. We think that profit-taking on advances is ad- visable.

developed

“Wheat:-Weakness to-day on reports of favourableį crop conditions in the South-West.{ Total sales:-11,064,000 bushels.

"Flash:-The Kennecott Mining Company has declared a dividendi of 30 cents per share.

HUNDREDWEIGHT OF FORGED FRENCH STAMPS

Seimre Of Apparatus And Printed Counterfeits

-Three arrests have followed the discovery of over 'a hum- dredweight ox newly-printed French 50 centime pastige stamps near Fontainebleau.

Believed to be the output of

clandestine large-scale ganisation,

Lace stamps of a value of £2,666 were found to be false.

They were engraved and

skil printed with

3

or-

Police raided a workshop im the Rue des Gravilliers, Paris,

and scized apparatus with blocks of counterfeit figures together with a consignment, of stamps ready to be placed on the market

OTTAWA AND THE EMPIRE

Revision Of Trade Agreements

QUESTION IN COMMONS

www.

London. To-day.

Mr. Malcolm MacDonald, ther Dominions Secretary; was asked in the House of Commons yester- day whether invitations have or

the Govern} = would be issued to merts of the countries concerned

the Ottawa Agreements.

further a

fin

ta attend

ference.

with

continuing

those

con-

to-

view agreements.

in the same or another form. Mr. MacDonald replied that the agree

WORLD TRADE ments between the United. Kins

CONDITIONS

Equal Treatment For All Nations?

dom and the Dominions concluded at the Imperial Conference at Ottawa in 1932 did not terminate jon any given date, and each agree- ment continued in force unless at any time after February 19, 1957, six months' notice of denunciation was given by either party to it. In furtherance of the cam- The most convenient method of [paign to secure equal commer-¡dealing with questions arising out cial treatment for all nations of the agreements was now under

the Govern Mr. Cordell Hull, Secretary of discussion between

Washington, To-day.

COMMODITY PRICES state. In a speech here yester-ments affected. In the view of

as

day called for an end to discri-the United Kingdom Government The following quotations haeminatory trade practices in fa-it would be most appropriate to been received by Reuter,

vour of reciprocal most-favour-proceed by way of discussions Prev. Yesterdayed-nation treatment. He declar-with individual Governments Closing Closina jed that the establishment of an occasion offered, and they had effective regime of equality of brought this view to the notice of treatment required only that the Dominions Governments.- the nations should refuse to British Wireless Service.

Benguet Consolidated $18.60 n. Benguet Exploration 21 ets. b. New York Cotton:-

May Bix Wedge 5 cta. n.

Northerns 30 cts. b.. 33 cts, sa. January

Masbate 85 ets. 1.

S'hai Exploration Sh.$4.

11.62 11.62

Demonstration 88 cts. b. 89/90 July

11.40 11.42

October

10.50 10.48

ets. sa.

December

Gold Creek 15 cts.

10.47 10.44

10.47 1045

Itogons $128 b.

March

10.49

10.47

IXL $1.77

Spot

11.72

11.72

Salacots 14 chs. n.

New York Rubber:--

Kailin Mining Ad. 11/6 n. 1

May

15.631

15.53n

Langkats (Single) Sh.$10 n.

July

15.74

15.64

September October

15.92

December

15,71n 15.850 15.74m 15.92 15.82% 15.265 1587

March...

16.03n

15.91b

Chicago Wheat:

May

9334

923%

July

95

85%

September

-95%

345%

Chicago Corn:-

July

60%

September

58%

58%

Winnipeg Wheat:-

May

763%

July

October

7834

76 7634 781

Shanghai Loans Sh.$4 a. Raubs $11 n.

San Maurico $14 s4 United Paracale $1 b. Venz; Goldfield $4 b.

Docks, etc. H.K. and K Wharves $91 s. HLK. and W. Docks $9. Providents (old) $1.05 b, $1.10

$

Providents (New) 20 ets. n. Hong Kew Sh$185 n. New Engineering Sh.$4 n. Shanghai Docks Sh$100 a.

Cotton Mill

January

60%

grant preferences in their own

markets, but also refrain from

seeking a preferential position BRITISH CREDIT

in the markets of other coun- tries. — Reuter.

BRITISH NAVAL PROGRAMME

Allotment of Building Orders

TO GERMANY

No Increase During Last Year

CHANCELLOR EXPLAINS

London, To-day.

Mr. Neville Chamberlain, Chan- cellor of the Exchequer,, stated Commons, question: London, To-day. yesterday at the settlement of time that his attention had been Subject to certain points of detail, the Ad-drawn to figures in the report of miralty have decided to entrust the Bank for International Settle- the construction of aine Tribalments, and to the fact that vin class destroyers of the 1936 pro-jcertain quarters inferences had gramme to the following firms-been founded on these figures that Swan Hunter and Wigham British bankers had increased

two vessels-with machinery by The Committee of British short- Wallsend Slipway and Engineer-term creditors bad published a. Latest Quotations From ing Company; v

statement showing that this in- of Dumference was based on complete Denny and Brothers Singapore

misapprehension. The total Bri- Messrs. B. B. Joseph and Co.barton, two vessels;

Parsons Marine Steam Turbine tish credits, both used and unused, have received the following que-

by just Wallsend-on-Tyne.decreased during 1935 tations in Straits currency from Company, of

two

The larger re-. vessels-hulls by Vickers over £1,000,000. - Singapore for Raw Rubber.

ductions in the credits of other Buyers.

En-countries were mainly due to the

Ewo Cottors Sh.$33⁄4 sa. Shanghai Cottons (old) Sh.$74|

1.

Shanghai Cottons (new) Sh.

$3914 - Zoong Sings Sh$12 n Wing On Textiles Sh.$25 n.

Lands, Hotels, etc. H.K. and S. Hotels $485 b. H.K. Lands $311⁄2 HK Lands 4%

100% b.

RAW RUBBER PRICES Richardson, of Wallsend on Tyne, their German credits during 1935.

Debentures Spot

Shanghai Lands Sh.$15

July/Sept.

Oct./Dec.

Metropolitan Lands Sh. $10 a Jan./March

Humphreys $3.55 34. 1,

Every deaption Beaking and Exchange

business transacted

Travaliers Cheques issued.

Trames and Execu:clips undertaken. INTEREST slowed on Current Accounts and Fixed Deposits at Hates that may be, ahorrained on application.

R. KENNEDY,

7 Quera's Road. Central

Mong Kong. 24th July, 1935.

THE

Manager.

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China)

$5,000,000. Capital paid up

7500,000, Reserves Capital Savings Dept. $500,000, Reserve Savings Dept. $600,000. Head-Ofice-Shanghai,

ƠN

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

6, Queen's-Road Central Phone 31116.

(OH, YA WONT

HAH?

K. Realties $4 b.

Chinese Estates $82 a.

China Realties Sh$4.

China Debentures Sh.$60 n.

Public Utilities

H.K. Tramways $11 b. Peak Trams (old) 37 n. Peak Trams (new) $3 L. Star Ferries $90 a.. $89 sa. Yaumati Ferries $19. C. Light (old) $10.85 s, C. Lights (new) $7.40 b. HK Electrics $504. a. Macao Electrics $20 D. Sandakan Lights $2.30 n. Telephones (old) $25.20 . Telephones (new) $9. China Bases Sh$114. Singapore Tractions 23/- b. Singapore Tractions Pref. 28/

2.

Industrials

Malabon Sugars, $8.40_n. Cald., Macg. (Ord.) Sh.$191⁄2 1. Cald., Macg. (Pref.) Sh$15 ¤.

FI SEZ YER GONER EAT YER SPINACH!

Market:-Weak.

.25% Down -26

Armstrongs;.

Scott's. Shipbuilding and

Downgineering Company. of Greenock, willingness of creditors there to

264 Down

two vessels; and

accept repayment in German car- .26% Down %). A. Stephen and Sons, of Govan, rency, with the heavy capital loss

ore vessel-British Wireless Ser-which such repayment involved.

British Wireless Service. vice.

Canton Ices $13. Cements 39.80 8.

H.K. Ropes $4.40 n. Stores, etc Dairy Farms $1934 n. Watsons $3.45.b. Lane, Crawfords $6% 1 Mackintoshs $5. n. Sinceres $170 # Wm. Powells 50 cts. n. Wing On. (EK) $50 n

Miscellaneous Entertainments, $2.90 b.

Scottish Governors

Commander Cochrane's appoint-|eral Sir David Campbell has been ment to the Governorship of Bur-Governor and Commander-in-Chief ma makes an addition to the Scots-In Malta since 1931, while Sir then who, during the past twelve John Anderson is Governor of months, have become the heads Bengal, and Lord Erskine of of overseas Dominions. Lord Madras.

S. C. Enterprises $125 n. Macao "Greyhounds” $2 n. Constructions (old) $1% Constructions (new) 30 cts. n. months Vibro. Piling $4 a...

Tweedsmuir has been installed as Had

Cochrane Commander Governor-General of Canada elected to remain in politics many Lord Gowrie took over a few competent observers consider that ago his duties, as he would have gone a long way. Governor-General of Australia; He is a member of the Chairman's the Marquess of Linlithgow left Panel of the House of Commons early last month to begin his term and while he did not trouble the as Viceroy of India. General Sir officia! shorthand writers he took Arthur Wauchope was recently very deep interest in the pas ELK Govt. 31% Loan par. b.nominated to a second term as sage of the India Bill, with its Wallace Harpers $4 -

Governor of Palestine, and Gen-bearing on Burma.

Ch. Gost. 5% 1925 G$Bds.

93% 1.

E.K. Govt. 4% Loan 65% prem.

b.

To-morrow.

"Remote Control.”

NEXT

HONG KONG $ DIRECTORY

-1936 ISSUE

NOW

ON SALE

THE NEWSPAPER ENTERPRISE LTD.

Wyndham St.

Tel 20022