1936-05-26 — Page 8

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

......$50,000,000 Incorporated by Royal Charter, 1853 Authorised Capital

and Fully-Paid-up 20,000,000 Laased Reserva Finds:-

Scling.£4,500,000 Hong Kong Currency

Reserve....$10,000,000

Lesers Liability of Pro-

pristora

SEAD OFFICE: HONG KONG.

BOARD OF DIRECTORS

Bengkok Batavia

HEAD OFFICE: LONDON

منجزة

Paid-up Capital Reserve Fund

Eeserve Liability of Pro-

$20,000,000)

prietors

-£3,000,000 .£3,000,000

£3,000,000

Alor Se

Agencies and Branches:

Bango

Amritone

1 pa

Xabi

Bergenber

Bombay

Kobe

Colouka Carton

Auching

Caba

Des

Hankom

Barbe

Long Long

Eon M. J. J. Paterson. Chaberna

G. Miskin Esq.,

Deputy Chairman

K. Mr. W. Bell, JR. Masson Esq AH, Compton Esq, T. E. Parce Esq.

Hon. Mr. S. H. Dodwell,

J. A. Plummer Esq.

MT. Johnson Esq., AL Shields EMG V. M. Grayburn, Esq.

MOT KANOLOX

BATAVIA

BOMBAY

CANTON

CHEFOO COLOMBO DALEEN

FOOCHOW BAIPHONG KAMECHO

HANKOW

FARKIN

HONGKYW

Chief ManagƏ...

BRANCHENDON

1208

LUBS

ZUWLOON

KUALA LUMPta

LYONS

MUAB (Jobore) MUKDEN

NEW YORK

PELPING PENANG

KANGOOS

BAN FRANCISCO

SHANGHAI

SINGAPURE

SOURABAYA

ENGEI PATAC TIENTSIN

TOKYO

TSINGTAO

YONOHAKA

Darrena kosousta epased in Losal: Ouerer and

Hamheng Habar

Kuala Lump

Maiza

Shangha

Singapore

EXEAN INDAY

Imping

New York

THE CHINA MAIL, TUESDAY, MAY 26, 1936

Commerce and Finance

NEW YORK STOCK MARKET Purchases On Wheat Breaks

COTTON-MARKET FIRM

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

Khuket) Poping.

Peding)

Takogata Ing

Zambong

"Stocks:-Since the 152-153 le- Formiga Azokanye and General Banking burian Current accounts opened and Fixed Deposite red for you, shorter pucsoda vel has been the resistance point, we are inclined to take some trad- Business which will a quoted on uppikonisom,

Manager.ing profits in this area.

A. BRBARLEY,

Hong Kong, ist January, 1935.

THE

done:-690,000 shares.

"Whest:-We expect a trading market in distant months. We

AMERICAN EXPRESS COMPANY, would advise purchases on breaks

INC.

Incorporated with Limited Liability in C.BA སྐ:.

Head Office:$5, Broadway, New York

Capital

Surpina

Bad Depoutsa zvonkreč far one or shorter | "Reserves soda Lovel Omeracy and Staring on here

will be read on applet BOXES

تلفة علية و الله الحليلة

Hong Kong, 24th February, 1936.

HONG KONG SAVINGS BANK

The Business of the shore Book is act BUNG KONG AND SHANGHAI

MANÍING CORPORATION.

„U.S.$5,000,000,00 2,183,633.00 870,731.00

BEANCHES-

Antren

Com

The Hague

Banke

Berlin Bombay

Auryna Baby Havie Bailaiberg

Jerande

Liverpool

Moniqu

Xion

to Naplan

Paipung Bertarata Borse

Shanghai

Southampton

Berman

Brands

Cairs

London

Calouste

Bales may be

С

Gingapore

Colombo

buted on application.

Copenhagen Deblis Edinburgh

*****ecklis Virs.ca

Maveling

Casu

Monte Carlo

Yokohama

Mapila

Zurick

Munich

FOR THE HONG KONG AND SILANOKAI

SANKING CORPORATION.

M. GRAYSCEN,

Hong Kong, 24th February, 1936.

Floren Gemats

Lagabo Luise

Branches of American Express

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

Aatherwank Capise @-10,000 X16.06 Pauling Cap

States of America and Canada.

All classes of Commercial Banking

re and Undivided Prodima 1,586,806.03 Transactions undertaken.

HEAD OFFICE-HONG KONG.

10, D Va Boad, Central

BOARD OF DIRECTORS:-

bet Shou- Chow, Chairman,

14 Som Can, Esq. P. & Ewok, Eng. Wou Ian Tong. Eg Chas Chung Bhak, Eau Ll Lo Sang, F. Wong Chu bon, Esq. and San Xing

Kan Tung Po. Eng... Chia! MaangF

Le Twe do En Manager.

ERANCHES AND AGENCIES:-

Maria Malbourne

مطمين

bethwang

my Cutoutin Caption

Nagmali

New York

Sangapore Surabaya

Haphing

Perping

Bis

PRIE

Hango

Kowloon

Loadia

San Franciao

Sydney Tachoka Teateid Tokyo

lokadams

E404

Erecy Sewerlyism of Banking and Exchange Bela Cranking Le grated co' approved QBCL710.

Custos Accounts opened in Local Currency

short periods "in

led

The South- and sales on bulges West has received some beneficial rains, but moisture is needed in

Total sales the North-West. 16,239,000 bushels.

is firma.

"Cotton:-The market There have been some heavy gen. eral rains in Texas, which are The excessive. considered drought in the Eastern Belt con- tinues.

as

"Flash: Steel mill activity der- ling the past week is estimated at 67.9 per cent of capacity as com- pared with 69.4 per cent the pre- vious week.

LOCAL DOLLAR STEADY

Silver Prices Rise

The local dollar is steady, open-1

this morning demand ing on

Personal investment accounts hand-jat 1/3-7/16d.

The Company offers to intending Travellers the use of its "Travellers Chegues" and Letters of Credit and,

in

"Spot"

silver rose 1/16 to: rose ! 20-1/16 while "forward" to 20%.

The London on New York cross- addition, the world-wide services rate was quoted at £-U.S$198.

of its thoroughly equipped Travel as compared with US$4.971⁄2 Department

while the New York on London

was quoted at S cross-rate U.S.$4.98 as compared with 5- U.S.$4.97.

C. H. BENSON,

General Manager.

THE CHINA & SOUTH SEA BANK,

LIMITED

(Incorporated in China) Head Office-Shanghai

Capital

ad For CTWO

or

and Fixed Depoca and Foreign es terme which will be quoted on applicatio

wels Depours Boam To Lo

KAN ZONG PO.

Chin Manager.

THE YOKOHAMA SPECIE BANK

LIMITED

Established 1880

Yen 129,150,000

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

Head Office: YOKOHAMA Branches and Agencies at Alexandria

Batavia

Berlin

Bombay

Calcutta

Canton

Dairen (Dainy)

Nagasaki Nagoya New York

Osaka

Paria

Peiping Bangoon

Fengtien (Mukden) Rio de eneiro

Bamburg

Bankow

rbin

Kont

Karachi Kobe

London Los Angeles

Menila

Hoji

San Francisco

Seattle

Semarang

Shanghai

Singapore Sonrabaya Sydney Tientsin

Tokyo Tsingtau

Yingkow

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,

POPEYE.

SOME OF ME SOLJERS ET A LOT OF SPINACH. SO NOW PLL TALK A SPEECH AT 'EM AN' MAKE EM PATRIONOTIC

*

Peserve

$7,500,000.00

$1,600,000.00

Branches-All Important Cities in

Chins Foreign bange and General Banking Bualoma

· transacted.

Decreas and Serving Accounts opened and Fizad „Deposit received for con year or shorter periods at ashes which will be quoted_a_applimation.

BOU 2. CHANG,

HONG KONG BRANCH: 36. Das Voux Bowd. Coral Mesa 020 Forms Exobaogy Dep

Cabine's fios van plant wed

Managua

Tel. 83568

2500

THE WING ON BANK, LTD.

Head Office: Hong Kong 26, Des Voeux Road Central Authorised Capital $10,000,000

GERMAN-IRISH TRADE

New Agreement Now Concluded

have

"CHINA MAIL" SPECIAL

Dublin. To-day. The negotiations which been proceeding between Germany and Ireland since February to ef fect an exchange of goods between the two countries are nearly con- cluded. The salient points of the trade agreement are set forth, and and await only, official sanction

agreement signature. The new extends the one at present in force of 3.1 (present the ratio for a considerable period, but al- basis) to 2.1.-Trans-Ocean News

ters

LONDON BANKERS:- Westminster Bank, Ltd. Foreign Exchange and every des-Service. cripton of banking businem transact-

ed.

Current Accounts and Savings Åt- Fixed Deposits re counts opened. ceived at zates which will be quoted on_application.

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

PHILIP GOCK CHIN

Chief Manager.

Bring Your ́ PRINTING Problems to Us

THE NEWSPAPER ENTERPRISE LYEN

OKNA BAR 136.

SA SVIRKAN KT:

The Home Guard.”

DEAR SOLJERS-YA ET SPINACH AN YA GOT, STRENGT AN VITALIKY-50 NOW WHAT I WANTS. YA TO DO IS

FIGHT!

FIGHT!

FIGHT

THE

·SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China) Capital paid up....$5,000,000. $7,500,000. Reserves Capital Savings Dept. $500,000. Beserve Savings Dept. $600,000. Head-Ofice Shanghai

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

SOCK

6, Queen's Road Central

Phone 31116.

WHY,

YOU

SHARE MARKET

TO-DAY QUOTATIONS

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

Banks

H.K. Bank $1.565 b.. $1,56732 HK. Bank (London) 105 Chartered Bank £14. Mercantile Bank A. and

£301⁄2 Mercantile Bank C. 13 n. Bank of East Asia $75 .

Insurances Canton Ins. $263 n. .. Union Ins. $502 b.

Chins Underwriters $1 m. China Fire Ins. $462 n. H.K. Fire Ins. $250 - International Assce. Sh.$3

Shipping

Douglases $36 ¤.

LIFE

i

ASSURANCE

FUND RECORD

CHINA UNDERWRITERS

LIMITED MEETING

CALL ON SHAREHOLDERS

NEW ADVERTISEMENTS

NOTICE

HONG KONG TRAMWAYS

LIMITED

ALTERATION OF FARES

Commencing 1st June until further notice, FARES 'will

1536,

3rd Class

3 ctit

1st In his speech at the annual general meeting, held yesterday, be as follows:-

Class of the China Underwriters Ltd., the Chairman, Mr. C. A. da Roza, referred to the fact that the Life Assurance Fund showed on Kennedy Town or.

Whitty Stavet Cars 6 eta. an increase. after carrying exchange proât to reserve, from $200,596 to $336,427, which was the largest increase in the Life On Causeway Bay or Assurance Fund which the company bad yet shown.

Happy Valley Cars 6 cts. 3 eta.

Market and Shaukiwan Cars 10 cts. 5 ch.

Western Marke:

Quarry

Reference was also made to the call on the company's shares, On Western made recently. Payments made amounted to $250,350, leaving a small balance of $5,650 still outstanding, but arrangements for the payment of this amount had for the most part already been made at the time of the meeting.

Those present at the meeting,

were:

On

and

Cars

On Shaukiwa

Bay and Western

Bay

10 cm. 3 chân Cars between Causeway ·

as

Between Bay

and

"The Expenses, excluding com- are reduced in both Messrs. C. A. da Roza missions. (Chairman), H. R. Sturt (Man-Gold and Silver, being £6,$76, aging director). R A. Rastur, compared with £8,729 in 1934 and Li Tse-fong and I. W. Shewan £11.504 in 1933. Silver expenses Sailors and Soldiers (Directors), E. R Childe at $108,945 compare with $122,805 n (Secretary), E. Dreyer, F. Gin 1984 and $134,245 in

Barros, H. J. M. de Figuieredo. Further

Market or vice versa 10 cts. 5 cts,

Causeway QURITY Bay Shaukiwan 10 et 5 ctato

in Uniform AI 1953. routes

5 cts

under 12. years of age-All routes ........................... MONTHLY

expenses Children reductions in H. A. de Figuieredo. C. H.will be operative during the cur Basto,

E. Leitao, Chan Shiu-rent year. Itsun, W. J. Carroll, Chan Nai-!

**An exchange profit arises!

5 cts TICKETS-AvaiÏTMTMTMTM

pan, Wong Tat-choy and Y. N. from conversion of the Gold por-able on All Cars at All times-$6.

tion of the Life Assurance Fund per month. Lee (Shareholders).

at the beginning of the year at

Chairman Speech

CASH TICKETS Books of (3

H.K. Steamboats $4 D. Indo-Chinas (Pref.), $80 m Indo-Chinas (Def.) $20 D.. Shells (Bearer) 100/-. Union Waterboats $12.20 1.

Mining

whole of this, amounting to $197,-jat the Company's Office. Antamoks $2.77 b. $2.76/2.36 Chariman said: '

"Notwithstanding the

steps 648, has been carried to the Ex- Hons change and Investment Fluctua- Chinese and taken by the

intion Account in the Balance Sheet. Kong Governments last year -the direction of stabilisation of ex- The Life Assurance Fund shows an change, we have thought it advis-increase, after carrying this ex-

from able, in view of our long-term change profit to reserve,

In his review of the year, the the new rate of exchange; but the cent) and (5 cent) Tickets on Sale

sa.

Balatoes $21% 11.

Baguio Gold 27 cts. n.

Benguet Consolidated $18.60 Benguet Exploration 25 cts. Big Wedge 35 cts. Demonstration 97 cts. D.,

cts./$1 sa.

b.

.

Gold Creek 15 ets. n. Northerns 344 ets/351⁄2

Itogons $1.28 2. LIL $1 b.

Salacots 14 cts. n. Kailan Mining Ad. 19/- n. Langkats (Single) Sh.$10 n. Masbate 85 ct..

F. E. GLOVER, Acting General Manager. Hong Kong, 26th May, 1936.

98 commitments, to keep our business $200.596 to $336,427, which is the PUBLIC AUCTIONS

in the currencies of China Hong Kong, separate from cts/business in other currencies

lated to Gold and/or Sterling.

and largest increase in the Life Assur-

our ance Fund which we have yet re-shown.

.

Fire Insurance

THE Undersigned have received

Tasanctions from Mr. D. L

King to sell by Public Auction

On

Friday, the 29th May, 1936 commencing at 10.00 a.m.

(Mountain View)

"I will as previously, refer to "In the Fire Insurance Depart- our Chinese and Hong Kong Dol-ment. Premiums received, at $106,- 376, show an increase over last lar business as 'Silver' business.

"Revenue items have been con-year due to the conversion of Gold at his Residence No. 113 The Peak verted to Hong Kong Dollars or Premiums at the lower exchange Sterling at monthly rates of ex-rate Claims paid were also high- change, and Balance Sheet items er for the same reason, but show at rates ruling on December 31, a very reasonable claim rate. Ex- The figures have penses appear slightly higher ow- as previously.

1/3%ding to exchange, but have actually 28th then been combined at $1.04/compared with 1/3d. at Decem-been reduced.

ber 31, 1934.

S'hai Exploration Sh.$444 n. Shanghai Loans Sh.$4 . Raubs $10 b., $10 sa San Maurico $1.22 n. United Paracale $1.06 b

1.07. sz.

Venz: Goldfield 4 b.

Docks, etc.

H.K. and E. Wharves $91 s. H.K. and W. Docks $9 n. Providents (old) $110 z Providents (New) 20 cts. 2. Hong Kew S.$135. New Engineering Sh$4 . Shanghai Docks Sh.$100

Cotton Mills

Ewo Cottons Sb.$82. Shanghai Cottons (old) Sh.$74

n.

་

Increase in Premiums

A Quanfity of

VALUABLE HOUSEHOLD

FURNITURE

On View from Thursday, the

May, 1936.

Terms: Cash on Delivery

LAMMERT BROS.,

Auctioneera

Hong Kong, 26th, May, 1936.

HE Undersigned have received: Tin Underas med laver public

"The Reserve has increased from $65,469 to $86,478, of which. "In the Life Assurance Depart-increase $9,035 is due to exchange. "In the Marine Insurance De ment Premiums at $606,771 show

over last partment, Premiums show a de- of $81,640 an increase

of crease, mainly due to the falling], year, due to the conversion Gold Premiums at the lower ex-off in coastal trade. The Clairds change rate. Claims by death ex-have been very light and the Ex- ceeded last year's very low figure.penses are about the same as last | bat the claim rate is still very year. The Reserve shows an in- crease from $121.187 to $167,890, moderate.

"Surrenders show some increase of which increase $12,381 is due

compared with last year, a to exchange.

25

"As regards Accidents Business, Shanghai Cottons (new) Sh.large part of the apparent increase

in the combined figure being, how-Fremiums are higher at $53,637,

mainly due to exchange. ever, due to exchange.

$3934 m. Zoong Sings Sh$12 1. Wing On Textiles Sh$25 n.

Lands, Hotels, etc.

HK. and S. Hotels $4.85 b. H.K. Lands $31 1

H.K Lands 4% Debentures

100% b.

Shanghai Lands Sh.$15 ne Metropolitan Lands Sh. 310 n. Humphreys $3.55 a.

HK Realties $42 n- Chinese Estates $82 1. Ching Realties Sh4 n China Debentures Sh.$60 1.

Public Utilities

H.K. Tramways $10.40 sa Peak Trame (old) $7. Peak Trams (new) $3 1. Star Ferries $90 s. Yaumati Ferries $19 b. C. Light (old) "$10.80.b. C. Light (new) $7.60 b. HK. Electrics $50 b., $50

Macao Electries $20 n. Sandakan Lights $8.30 a Telephones (old) $25 b. Telephones (new) $ 1. China Busen Sh$114 Singapore Tractions 24/- b. Singapore Tractions Pref. 28/

YA TO FIGHT

AVASTYA SU

DIDN'T MEAN FOR

EACH OTHER! TWANTS IYA TO FIGHT

THE BRUTIANS!

י .

Industrials

Malabon Sugars $94 b. Cald., Macg, (Ord.) Sh.$19. Caid, Macg. (Pref) Sa$15 a Canton Ices $14 n. Cements $9 b.. $9% sa. HK Ropes $4.40 n.

Stores, etc.

Claims

Auction

on

Saturday, the 30th May, 1936.

commencing at 10.00 am.

at No. 2 Hody Road, Kowloon A Quantity of

VALUABLE HOUSEHOLD

FURNITURE

have been heavy but the Reserve (Full particulars from catalogue) Or view from Friday, the 29th. has increased from $44,047 to

$53,356. this also being mainly inst. due to exchange.

(Continued on Page 21)

COMMODITY PRICES

Wm. Powells 40 cts. b.. 40 cts. New York Cotton:~~w

12.

Wing On (H.K) $50 n.

Miscellaneous

Terms: Cash on Delivery

LAMMERT BROS.,

Auctioneers. Hong Kong, 26th, May, 1936.

Dairy Farms $191⁄2 b, $19.70 sa. Watsons $3.45 .

Chicago Wheat:— ` The following quotations have May.

July been received by Reuter:-

934

95%

35

882-

Lane, Crawfords $64 n.

September

844

85%.

Mackintoshs $5 n.

Sinceres 8170

Prev. Yesterday Chicago Corn:- Closing Closing Jaly

53%

5934

September

56%

58

July

11.44

11.47

Winnipeg Wheat:-

October

10.42

10.46

May

*754

Closed

¡December

10.38

10.39

July

75

Closed

January

10.35

10.371

October

764

Closed

March

10.41

10.44

a-asited,

b-bid.

t-traded,

May (1937) unquoted

10.49

In-nomiral

Spot

11.74

11.72

New York Rubber:~~~

May

25.63b

15.66n

Ch. Gost 5% 1925 G$Bds. —July

93%

15.76€

15.72

BAG OF MONEY TO PAY FINE

15.85a

35.79

15.361

15.820

15.90 15.94 15.96a 15.98a 16.05b

16.00

Entertainments $2.90 n. S. C Enterprises $135 n. Macso "Greyhounds" $2 n. Constructions (old) $14. Constructions (new) 30 cts, b. Vibro Piling $4 n.

September H.K. Govt. 4% Loan 6% prem. October

December b H.K. Govt. 3% Loan par. b. January

March Wallace Harpers $4 n.

To-morrow.

"Raring To Go!”

WHAT ARE YA TRYIN' TO DO, HELP THE

EMENY-YA AIN'T GOT A

BIT OF SENSE: 1 YAM

DISGUSTIPATED A

EGAR

2-13

A farmer produced a bag of 80 threepenny pieces to pay a fine of

1 at Shrewsbury recently.

HONG KONG $ DIRECTORY 1936 ISSUE

NOW!

ON SALE

THE NEWSPAPER ENTERPRISE LTD. 34, Wyndham St.

Tel. 20822