1936-07-02 — Page 8

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised Capital ..$50,090,000 led and Fully-Paid-up 20,000,000. "Kaberve Funds:

Berling

£4,500,000

Hong Kong Currency

Reserve $10,000,000 Beware Liability of Pro-

gciators

·HIAD OFFICE; HONG KONG.

BOARD OF DIRECTORS.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

Incorporated by Royal Charter, 1853. HEAD OFFICE: LONDON

Agencies and Branches:

100

Alang

Paid-up Capital ...

Reserve Fund

$3,000,000 $3,000,000

Reserve Lisbity of Pro-

$20,000,000

prietors

$3,000,000

Alor Dear

·

Amiens

Rangoon Saiton

koztak

1

Hominy

Seremban

Shangha

Calcutta Canton

Kosla Lumpur

Auching

bgapore Bikira

Cawapre

Madras

Hastie

Madan

Tuping Beat

Delhi

New Look

bisphong Hamburg

Paiping

Pociag

Penang

Hon. Mr. J. J. Paterson. Chairman

G. Miskin Esq.

Deputy ChairLAR.

on. W.E. Ball inch 02 Eiga cứu LE Compton Esq. T. E. Pearce. Esq. Colabo Mom Mr. S. H. Dodwall,

J. A. Plummer Eas M. Johnson Esq., A.LA Shrelda Esq. HATING

ΑΜΟΣ

V. M. Grayburn, Esq.

FUOCHOW KAIPHONG RAMBURG HASKOW HARBIY

KUILO

JUMURS

Lu82

KUWLOON

Clasf Manag

BRANCHES 1

KUALA LUMPUR

LONDON

LYUSS

MALACCA

MANILA

MUAR ATO)

MUXDES

NEW YORK

PEIPLEG

PENANG

BANKEN

SAN PRANCISCO

BHANG BAI

SINGAPORE

MUHABAYA

SUNGAI PATANI

TESTSIN

TOKYO

TSINGTAV

YOKOHAMA

Outreak Ludounia mpanad să imowal Currency and Deponha emoted 100 due your se únorine persada in Luani Gurranty and tracking DA GITTIS Then will be quound on application.

A sp to Jain sar'k "BERUDIT BOLES == now TU LEE.

Houg Sa Foreign

beacled

Bouzabaya

Tangina

(buka)

Talago

1okonsina Zarubaanga

change and General Barking business

Current donate opened and Fized Depozita ved for dan zest or shorter periods at rales I which will be quosed of appostion.

al

The Bank's Band Otics in London' undertake Esecutor and Trade Eusiness, and Chaita

Heith Lace Tax overpaid on Serian whack may be scarsained at ang of zi Agencies, and "Branchen."

Įtobavery

A BREAKLEY,

Manager.

Hong Kong, 1st January, 1935.

THE

AMERICAN EXPRESS COMPANY, INC.

Incorporated with Zamtbed Lashility in USA. Head Office 66, Broadway.

Hong Kong, 24th February, 1936. Capital

HONG KONG SAVINGS BANK

The vas of the shore Bank is conduct- pổ by the HONG KONG AND SHANGHAL FANNING CORPORATION. Bain may be shansand ga applicatio

FOR THE, LƯNG LONG AND SIZANO HAI BANKING, CUBPUKATION.

V.BAIDURS.

Chaal Manag

Hong Kong, 24th February, 1936.

THE BANK OF EAST ASIA, LTD.

JJ

Pand-up Capital

$58,006,000,00

-....................$ 6,506,000.00 urns and adidas Troie 2004

His Dan Vaux Bood, Consti

BOARD OF DIRECTORS:

Hon. Sir Shou-son Chow, Chairman. hà Hoo Chun. Eaq. P. L. Ivok. Est, Wang Bang, ing, Wang Cau tiem, kog, and Xra Long Blog.

Amy

Kan Tung Pu Eng., Chit Manager.. 24 Tas Fong, Euğu, Manager.

BRANCHES AND AGENCIES:-

Xantia

Calorisa Cachon Wamping

Keriood Temdom

Meisure

New York

معمول.

Pata

Wasing

Prong

DEBA Abangku bgapo Bourge

Sydney

chakar

fangro

Treatin

I'okyo

Das Fnacion

1ONDIAL

www..com

Surplus Bescires

New York

Groos.

U.S.$6,000,000.00 2,248,344.33 $97,512.65

BRANCHES:-

ÁDÁNÍM Antwerp

Glasgow

The Blagos

Baran

Monteux Milan

Naples

bisburg

Pisca

Haidallurg

Isterismo

Bartin

Bombay

Calcula Catunes Colamybė

London

La Farpool

Loca

Lugano

Paining Rotterdam

Southampton Bangspers

Lazzer

Dublin Elamborgh

Mosse Ceria

Munich

Vanza Vec Lakobem Zurva

Branches of American Express Company in Principal cities of United States of America and Canada.

All classes of Commercial Banking Transactions undertaken.

Jed.

Personal investment accounts hand-

The Company offers to intending Travellers the use of its "Travellers Chegues" and Letters of Credit and, in addition, the wazid-wide services of its thoroughly equipped Travel Department

C. K. BENSON,

General Manager.

Every demorgan of Booking and Exchange THE CHINA & SOUTH SEA BANK.

kasinoes transacted. Lows gálad on soproved

Charact

kacoupie opened in Lossi. Currant and Fized Deputie served for com, Just a saarne pociode in Looni and Farwigs Curentun

•ne more which will be quosad do "eppication.

Sale Depot Boxes To Let.

KANTONG PO,

Chief Magage.

THE YOKOHAMA SPECIE BANK LIMITED

Established. 1830

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

.Yen.129,150,000

Head Office: YOKOHAMA

Branches and Agencies'at

Nagasakci Nagoya New York

Alexandria Batavia Berlin

Bombey

Calcutta

Canton Dairen (Dainy)

Faris Peiping Rangoon

Fengtien (Maiden) Rio de Janeiro “ Kembarg

Harbin

Kong

Hong Honolulu

Los Angeles

Kobe

Lendon

Manila

Moji

San Francisco Seattle

Semarang Shanghai

Singaya

Sydney

Tientsin Tokyo

Tsingtan Yingkow

Interest allowed for Current Ac counts.

- Deposits received for fixed periods

at rates to be obtained on applica- Hon

G. KISHINAMI,

Manager.

Hong Kong, 10th March, 1986.

THE

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China)

Capital paid- up $5,000,000. Reserves

· „$7,500,000.. Capital Savings Dept: $500,000. Reserve Savings Dept. $800,000. Head Office Shanghai

A Bank having as ita'minsión the industrial development on China and the fostering of her commercial

rcial relations abroad,

Hong Kong Office -

5, Queen's Road Central

LIMITED

(Incorporated in China)

Bond Office-Shanghai

Capital

Reserve Branches-A

$7,500,000.00 $1,500,000.00 Important. Cities

ท

Foreigs, Ezohange sad Gensers Banding Basicoss Cument and Bewing koments opened and Fixed Deponse mantra fer one year of aborier pecinta at egine which will he quoted na application

BOD Z. CHING,

Manage.

HONG KONG BIANCHI:

Dan Fox Bond, Coveral

Maung's Office

Foreign Erobenge Dept. sem

O O Cachum. Cros

THE WING ON BANK, LTD.

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

Westminster Bank, Ltil.****** Foreign Exchange and every des- cripton of banking business transact-

Current Accounts and Savings & comats 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.)

COASTWISE

by

"ALGIE" BENNETT.

An interesting book of Cartoons depicting "Happening" on the China Coast.

PRICE $100

Now on sale at

The Newspaper Enterprise Ltd.

China Mall Bulding,

THE CHINA MAIL THURSDAY, JULY 2, 1936

LOCAL SHARE MARKET

Commerce and Finance

TO-DAY'S QUOTATIONS

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

Banks

HE Bank $1,58234

HE Bank (London) £102... Chartered Bank $14 n. Mercantile Bank A. and

£31 11.

Mercantile Bank C. £14 a Bank of East Axia $78 1.

Insurances

NEW YORK SHARE MARKET

Firm Tone Towards Close

VOLUME OF TRADING IMPROVES

Messrs. White, Weld and Com

BURNS PHILIP &

CO, LTD.

Dividend Maintained At Teri Per Cent.

DIRECTORS REPORT

INVESTMENTS ABROAD

British Figures For S. America

on the in-

NEW ADVERTISEMENTS

NOTICE

have pleasure in annome-

Wing that Mr. G. G, BLAKE Member of the Hong Kong Share- brokers Association) is now 3350- ciated with this firm.

G. A. HARRIMAN & CO. * 11, Queen's Road Central

Stock & Sharebrokers

OPENING OF NEW HIGHWAY

Congested Area Of Whitfield Relieved

London, To-day- Replying to a question in the House of Commons yesterday the The report of the directors of President of the Board of Trade, Burns, Philp and Co., Ltd, for the Mr. Walter Runciman, said that year ended March 31, 1996, states pending the final results of the in- that the gross profit from all restigation of the geographical sources, including balance brought distribution of British capital in- forward, amounted to £999,208:

|vestments overseas, the estimated Salaries, expenses, taxation, de nominal value of British invest- preciation etc totalled £643,159 ments in 1935 in Argentina was leaving a net balance of £256,069.435,000,000; in Brazil, $190,000,- An interim dividend absorbed 000; and in other South American pany, New York Correspondents5,000 leaving £181,069. From countries £160,000,000. Dividends Bfor Messrs. S: E. Levy and Com-

this it is proposed to pay a final and interest remitted pany, report:--

dividend of 1s. per share, which restments in 1935 amounted ap- **Stocks: The market to-day will require £75,000; to transfer proximately to £8,500,000, £3,500,- was higher and a firm tone pre-to reserveTM (making the

reserve 000 and £3,250,000 respectively vailed towards the close of the £1,050,000) $50,000; charge session.

British Wireless Service. The volume of trading special depreciation of сорга was light early in the day, but plantations £25,000 leaving a bal-j improved when prices began to ance of £31,069 to be carried for advance Business done: 970,-ward. This rate of dividend has 000 shares.

been paid for several years.

New Service Established" "Wheat: There was a conThe report states that general derable amount of professionalsiness was well maintained and buying on account of reports of elded remunerative results. In increasingly bullish North-West the merchandise section sales! - crop developments. Total axles rain show a substantial increase, -21.533,000 bushels.

which is due to further expansion. "Cotton: The goods market is The copra market improved dur-} active and firmer. Trade demanding the major portion of the year trade sales in May was 72 per some parts that there was

The total value of the retailheavy motor traffic was anticipat to-day easily absorbed the heavy materially helping trading condi-

ed. So narrow was the road in

Canton Ins. $255 n. Union Ins. $525. China Underwriters $1 China Fire Ins. $462 z. H.K. Fire Ins. $250 n. International Assce. Sh.$31⁄4 1

Shipping

Douglases $36 n. H.K. Steamboats $4 s. Indo-Chinas (Pref.), $30 m. Indo-Chinas (Def.) $20 n. - Shells (Bearer) 96/3 n. Union Waterboats $12.z.

Docks, etc.

H.K. and K. Wharves $59 n. H.K. and W. Docks $10 b.

Providents

(Old) $1.05.

$1/1.05 sa. Providents (New) 20 cts. n. Hong Kew Sh.$185 m. New Engineering Sh$4 m Shanghai Docks Sh.3100 n.

Mining

Kailan Mining Ad. 11/- p Langkats (Single) Sh.$8 a. S'hai Exploration Sh.841⁄2 he Shanghai Loans Shii n- Raubs $10 -

Venz: Goldfeld $44 b. Artamoks $5/5.15 sa. Atoks 68 cts. I

Baguio Gold 27 ets. b.

Balatocs $2134 L

Benguet Consolidated $18.40

liquidations.

the long side.

RETAIL TRADE SALES

Rises Disclosed In Britain

**

Londen, To-day.

We would prefer tions in Papua and Mandated tercent higher than in May 1935, the

first four

which the tramway traffic will be To-day the new King's Road, by

diverted from the congested. Whitfield district, will come into use. The new highway, which is 100 feet in width throughout its entire length, is the finest piece of roadway in the island.

Until yesterday, trams running through the Whitfield area have caused dangerous congestion im its narrow road, which was built

ago to serve a much less populons district, and long before-

years

the

and

Washington News ritories. The market commenced rise being most marked in subur when trying to pass a tram.

danger of cars being squeezed Service states

that indices point to recede towards the end of the ban London. For the to an improved demand for

months of the trading year the "slow" signs have been in exis- raw year as a result of political dis- materials. We would buy cotton turbance in European centrès ren-i

tence there for some time. total sales were 6.9 per cent jon declines.

above those for February in 1935-ed by this congestion, and the di- Many accidents have been caus- dering the outlook uncertain.

Employment was The new passenger and cargo

8.5 per cent service to Hong Kong, Saigon,

higher than in May 1985.Britis: version of the through traffic will "Wheat: Should the drought Manila and Sandakan, via Rabau!

Wireless Service.

effect considerable improvement. in the North-West continue and and Salamaua, has now been estab- should-Canada-encounter-exces-lished.

BERLIN SHARE MARKET

The publication Standard Sta- tistics reports:-

sive dryness, we will undoubtedly witness higher prices. Messrs. J. E. Bennett and Company think

that private estimates of the RAW RUBBER PRICES

Spring wheat crop will show very bullish figures.

"Rubber: Some manufactur- Latest Quotations From ers consider that domestic sup- Benguet Exploration 28 cts. sa plies are below normal. Big Wedge 51 cts. b., 48/50 cts. tious speculative policy is advis

A cau-

$$

- Consolidated Mines 4.cts-

434 cts. Sam

Demonstration $1.09 sa Gold Creek 10 cts. b. Ipo Gold 31 cts. .. Itogons $1.65 h., SL43 sa. LXL $205 b., $210, sa Masbate 79 cts. b.

Northern Mining 36 cts. b. Paracale Gumaus.71 ets. I. Salacots Mining 12 cts. n. San Mauricio $121/1.16 sa. Sayoc Consol 34 cts. n. United Faracales $1.14

$1.18/1.14% sa. Universal Explor 24 cts.

Lands, Hotels, etc.

HK and S. Hotels $4.55 1. H.K. Lands $30 b.

H.K. Lands 4%

100% b.

table.

S

Singapore

LOCAL DOLLAR

STEADY

Silver Prices Fall

-

Berlin, To-day. Shares were jagain in brisk demand yesterday, so that firm prices ruled. Fixed- interest securities were friendly, certain gold mortgage bonds mov- ing up half a point.

Call money

The local dollar is steady, stood at 2% to 3% per cent. opening on demand this morning Trans-Ocean Service. at 1/3-5/164.

Messrs. H. B. Joseph and Ca have received the following "Spot" silver fell 1/16 to 19 7/16 quotations Straits currency while “forward” declined 1/16 to. from Singapore for Raw Rubber. 19%.

"Cotton:- South-Western pro- pects are less favourable. The weight of evidence is against an- other sharp advance and pur- chases are not advisable.

"Flash: Average

Spot production during the past week Oct./Dec.

Aug/Sept

crude oil

is estimated at 2,969,000 barrels Jan./March as compared with 2,963,000 bar-1 rels the previous week.

The Edison Electric, Institute estimates electricity production at 2,030,000,000 kw.b an increase blof 145 per cent over the corres.

ponding period of last year.

Debentures

Shanghai Lands Sh.$13 n Metropolitan, Lands Sh. $10 a. Humphreys $8.55 .

HK Realties $41⁄2 n Chinese Estates $80 n. China Realties Sh.$4 a. China Debentures Sh.$60 D

Public Utilities

H.K. Tramways $10.40 sa Peak Trams (old) 61⁄2 Peak Trams (new) $23% n Star Ferries $851⁄2 n. Yaumati Ferries $20 C. Light (old) $10.55 sa. C. Lights (new) $7% 23.

E.K. Electrics $50 b. Macao Electrics $184 Sandakan Lights $8-30 1. Telephones (old) $25

Telephones (new) $83⁄4 n. China: Bases Sh.$114 n. Singapore Tractions 32/6 b. Singapore Pref. 28/- m

COMMODITY

PRICES

The following quotations have! been received by Reuter-

Prev. Yesterday Closing Closing

New York Cotton: July [October

March

December

12.23 12.40 11.51 11.70 11.52 1170

January

.1151 1170

11.53 11.72

May

11.53

11.79

Spot

12.33

12.50

New York Rubber:

July September October

16.141 16.162

16.24 16.27a

16.270 16.30n

16.37a 16.40 16.401 16:43 16.48 16.523 16.58 16.600

9242. 93

952

96%

December Chicago Com:

95%

983%

September December

6534

674

63%

December

January March May

$25.20 Chicago Wheat:

July

*** Infristriais Malabon Sugars $9 b Cald., Macg. (Ord.) Sh4191⁄2 ¤.) Cald, Marg. (Fre£) Sh.$15_n. Canton Ices $1% - Cements $9.20 n. ELK Ropes $3.90 m.

Stores, etc.

Dairy Farms $19. Watsons $345 1 Lane, Crawfords $64 n. Mackintoshe $5. Sinceres $170 n.“ Win Powells 40 cts. n. -Wing On (EE) $50 n.

Cotton-Mila Ewo Cottins Shi‡8 n. Shanghai Cottons

$70 X Shanghai Cottons (new) Sh-

(old) Shi

Zoong Sings Sh318 n. Wing On Textiles Sh.$25 x

Miscellaneous“ Entertainments $2.90 m. S. C Enterprises 41.35 m.

September

GERMAN-SWISS CLEARING AGREEMENT

Berne. Yesterday-The German- Swiss clearing agreement of April 17, 1935, has been extended till July 7, when it is hoped that the negotiations now pending for the conclusion of a new agreement will be completed. Trans-Ocean Service.

Macao "Greyhounds” $2 n. Constructions (old) $1% 2 Constructions (new) 30 cts. b. Vibro Piling: $2.1. The Govt 5% 1925 GEBds,

93% L

HK. Govt 4% Loan 1% prem

IL Govt 3% Loan 1%%%%

prem. b. Wallace Harpers 34 i

Market:-Quiet

Buyers.

REICHSMARK QUOTATIONS

Berlin, to-day-The Reichsmazk“ was quoted yesterday without: The London on New York cross-guarantee at: New York, 40.35; rate was quoted at US$5.02, Paris, 608.50; Amsterdam, 39:215; 26% Unchanged as compared with £US$5.024, and London, 1243. ́ Paris quoted 26% Unchanged while the New York on London the Pound sterling at 75.68 to

Unchanged cross-rate was quoted at £-US-75.71, and the U.S. dollar at: 274 Unchanged $5.02 5/16, as compared with £15.0825 to 15.0862-Trans-Ocean

U.S.$5.02.

Service.

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