1936-07-07 — Page 8

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

authorised Capital

$50,000,000 ed and Fally-Paid-up 20,000,000 Reserve French pa

Sterling

$ 4,500,000

Hong Kong Currency

Reserve $10,000,000 Geserve Limbility of Pro-

prietors

TEAD OFFICE: HONG KONG,

BOARD OF DIRECTORS,

Hon. Mr. J. J. Paterson. Chelemaa

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

Incorporated by Royal Charter, 1853 HEAD OFFICE: LONDON

~THE CHINA MAIL," TUESDAY, JULY:7, 1936

Commerce and

Finance

BRITISH MEAT

IMPORTS

NEW REGULATIONS

PROPOSED

|Paid-up Capital

Reserve Fund

-$3,000,000 £8,000,000

Reserve Lisbility of Pro-

prietora

•

£3,000,000)

$20,000,000

Agencies and Branches:

Alor Star Amritsar

Clovio Ipok

Rangoon

Karachi

Semarang

Kung

Seremban

Boy

Shanghar

Kuala Lumpur

dengupars

SUBSIDY FOR HOME PRODUCERS

Canton-

Kaching

SILLA WID

Cawnpore

Sourabaya

Manila

Taping

Calcenber

Haphoog

Kodan

DRAMA

New York

Tongkah

Priping

J. A. Plummer Esq.

(Ping) Penang

Palagino

Hon. Mr. M. T. Johnson,

Harbo

Zazzboong

A. L. Shields Esq., V. M. Grayhurn, Esq-q

Hant Emar

G. Miskin Esq.,

Deputy Chairman.

ملتي علمي

Kon. Mr. WE Bell, J.R. Masson Esqu; taba

Compton Esq., T. E. Parcs Esq. Mon. Mr. S. H. Dodwell,

MANGEDX

ΒΑΝΑΣΙΑ

FLUMBAY

Chind Manage.

BRANCHES

LONDON LYONS MALACCA

PANELA

MUAR JONOMA)

YUKDES

PELPING

TENANG

BANGOON

BAIGUS

NEW YORK-

COLUMBO

JOKHOY

KANDU

R

HUNGIW

مائية

FOR

JUHORE

Jan

KOWLOOK

XUALA LUMPUR

SAN FRANCISCO

SHANGHAI

DISGAPORE

WCELBIYA

SCSGE: PATANI

TIENTSIN

TOKYO

TSINGTAO

Ústress Acounts opsand in Local Currenc? sad Bud Depot posed for one year or shorter Paroda 12 Loos: Currency and Strange wou armen will be quoted on applica

the ty bố bà SPIDEROTT 1925 v JACION BAN TO LEW:

Hong Kong, 24th February, 1334.

HONG KONG SAVINGS BANK

The Busan at the nisure Book condues- by se HOW LONG AND SHANGRAS FASTING CORPORATION.

agined an applimation.

Bales may be

FOR THE HONG KONG AND SHANGKAI MASKING CORZORATION, ****

V. K. UBAYACEN,

Hong Kong, 24th February, 1938.

THE BANK OF EAST ASIA, LTD.

Madra

NEW YORK SHARE MARKET

Advice To Sell On Strength

SUCCESSION OF QUIET. MARKETS

INTERNATIONAL TIN QUOTA

Bolivia Surrenders A Portion Of Rights

AMOUNT TO BE ALLOTTED TO OTHER COUNTRIES

London, To-day. The International Tin Com- mittee met yesterday and an- nounced that Bolivia had sur- rendered the right to produce 10288 tons of under-exports outstanding at the end of May. Some 4,467 tons of that amounti would be allotted to the other Messrs. White, Weld and Cour three signatories and 576 tons The Government's proposals for safeguarding the livestock indus-pany, New York Correspondents to the participating countries ry were disclosed in the House of for Messrs. S. E. Levy and Com(the Belgian Congo, Siam, etc.)

during the third quarter. Forge zzolange and Goes Banking busiCommons yesterday afternoon by Pany, report:

Therefore in the third quarter received of sbober paroda at Walter Elliot, in reply to a ques unchanged and we would sell-on Indies and Nigeris would produce

Current comes opened and Plond Deposit the Minister of Agriculture, Mr.

Stocks: Our recent opinion is Malaya, the Netherlands East wluch, will be quoted on SPALÍMALION.-

and

London, To-day.

The Bank's head Office in London madarakention. He said that the Govern- Execute

bosis, FOTOTY

apd

British some Inx overpaid, ament proposed to proceed on the feeling of strength. We ex-190 per cent., of which 75 would be į Iserma when muy be sorrained at any of ita basis of a regulated market, with pect continuance of last week's attributed to the international

| dvomeres and trenchen

A. ERHARLEY.

Hong Kong, Ist' January, 1935.

shares.

+

THE CHINA & SOUTH SEA BANKİ It was the Government's desireshowers and temperatures are still similarly be reckoned on the 75

LIMITED

جانا

trend, with a succession of quiet quota and 15 per the maximum supplies for the con- markets. Business done:-$40,000 arrears surrendered by Bolivia, cent to the Manager.sumer consistent with a reason- able level of remuneration for the

while Bolivia would produce 75 Wheat: The weekdy weather producer.

per cent. The production of the: forecast indicates only scattered

participating countries would that at the earliest possible date

above normal. Unless Canadian responsibility for securing growing conditions improve ma- their share of Bolivia's shortage. the

per cent international quota plus stable market conditions, should terially, we expect higher Chicago (Incorporated for @rajan) su

Head Office Shanghai

be assumed by the producers in and Winnipeg markets.

Yesterday's 'sharp rise in tis the various countries concerned $1,500,000.00

Cotton: The Trade easily ab-Was due partly to anticipations of $1,500,000.00

and exercised in the light of the sorbed sales by the Producers the foregoing in certain quarters. joint discussion of the problems Pool for October and only a mo- coupled with unconfirmed rumours.

This discussion would derate amount involved

of cotton is now of the formation of a pool operat- be secured by the institution of an believed to be left. The averageing on the prospect of the renewal Empire Meat Conference, repre-of private Acreage estimates of restriction-Reuter. sentative of the United Kingdom jamounts to 31,244,000 acres. The

Capital Reserve Branches-All Important Cities

tazanavad.

China Forsigs, Ezolange and Decal Banking Caress and Baring decent ped and Deposal mostred fer una que me alocura at tales whank will be goosed um application.

800 Z CELSO,

HONG KONG BRANCH

Managet.

2. Das Fauz Bood, Central,

Maungw's Ofoe man

Foreign Exchange Depa; te

2005

Gussern Uther w

8563

Cashier's Of

0500

THE WING ON BANK, `LTD.

A Hand Offers Hong Kong-

26, Des Voeux Road Central: Authorised Capital $10,000,000

LONDON - BANKERS:-- Westminster Bank, Ltd.

and the other Empire countries apparent inclination and ability FOREIGN TRADE. and foreign countries supplying on the part of consumers to in-

OF SHANGHAI substantial quantities of meat to jcrease their inventories are addi- this market.'

torial factors helping the major

It would be proposed that, un-up-trend on the principal Com- less agreed otherwise, the aggre-modity markets.

gate exports to this market of Flash: According to latest ad- beef, frozen and chilled, and meat|vices, the weather throughout the equivalent of fat cattle during American and. Canadian wheat

each of the next three years belts continues, bullish.

Sharks' Fins Are Popular

$231,117 WORTH IMPORTED

Shanghai's foreign trade

should not exceed recent levels. Steel mill activity during the Further proposals as to market re-past week is estimated at 67.2 per May showed an adverse balance of Foreign Exchange and every desgulation were under discussion cent. of capacity, as compared $25,834,761 representing the dif- Serve soc Undivided Probing 100086.5 cripton of banking business transact with the Governments of the with 74.0 per cent, the previous ference between $53,841,473 in im

Automaat Caplia" Judy Capital

ON THE MED FORD $20,000,000.00 US 5.500.000.00

HEAD OFFICE:-BONG KONG.

D Youx Bond, Centrin BOARD OF DIRECTORS --

ad.

Current Accounts and Savings Ac counts, opened. Fixed Deposits re- Hon. Sir Shou-son Chow, Chairman.ceived at rates which will be quoted

Exon Chun, Eg P. & K Eng., Wong "application. Ten Tong, bag, Chin Ching Shak, Zagu Là La

Trusteeship & Executorship under Công ty Thông Của Bạn Song vai Em sinh tồn Sư Deponi Bazon for hin

Las Tung Fo, Eng, Chit Manager.

14 The Yang, Znj. Manager.

SMANCHES AND AGENCIES

Manila

Melbourne

Osaka

Beactio

Sourabaya

sydowy

AMOJ

Zigmaki

Semarang Shangha

Caloura

New York

Kapong

Bodleia

Kowloon London

Para

Kangoon

Then bain Tolgo

Set Fmacias

Pujang

Low

Currency

Vancouver, Yokobarms

cy description of Banking and Exchange. kamdam gendančted Loan gauled an appravné ;

Anunt opened in

and Pised Deposita esived far

octer pacisin "in Local and Foreign Curracia

DE MACKA Think will be quoted on appilation

Gala Deposit Beras To”Las

LAN ZONG PO,

Chat Mange.

Cumaht

PHILIP GOCK CHIN

Chief Manager.

THE

countries concerned.

Permanent Subsidy

The Government proposed to in-

week.

vife Parliament to make provision COMMODITY PRICES

for a permanent scheme for pay- ment from the Exchequer of a

ports and $28,834,761 in exporta," according the statistics appearing in the monthly returns issued by the Statistical. Department of the Maritime Customs. The total að verse balance, for the first five The following quotations have months of 1936 now amounts to Subsidy to the producers of fat bees received by Reuter:-

$90,563,107 representing the dif

between $231,613,536 in ference imports and $141,050,429 in ports,

in cattle

the United Kingdom which, while not stimulating the

artificial expansion, of the home New York Cotton: AMERICAN EXPRESS COMPANY, industry, would continue for so July

Prev. Yesterday Closing Closing

12.40

12.52

INC.

Incorporated, with Idzultad Linkáity in USA

Head Office:-65, Broadway,

long as and to the extent that the October situation mediately

11.71

11.83

may require.

after the summer Jaruazy recess Parliament would be in-March-

Im-December

11.74

1187

11.72

11.87

11.79

11.92

New York

Capital Surplus Reserves

vited to pass legislation providing May for the collection of Customs Spot ...................... US$6,000,000.00 | duties on imports of chilled, New York Rubber:

2,240,344.38 frozen and other descriptions of July

897,61265 beef and veal from foreign coun-September

11.83

11.94

12.49

12.62

16.35a.

16.501

16.43

1660-

BRANCHES:

tries..

October

16.50

16.60

Gremon

Modems

Ausway

Assuan

Glasgow

Milea

The Hagem

It was not proposed that there December should be duties on the imports of January

16.53

16.70

16.601

Bavaca

biaplas

Hecubarg

Premar

butabey

Betsonla

Faping

Interiako

Colema

Canne

Colombo

Larpool Lowe Lig

Besterners Dome Shanghai Southampton

Superchung Probin

· Edinburgh Flocos Grass

Monte Carlo

FOR Yerica Yokohama

Manila

Kunick

beef from Empire countries or on March imports of mutton and lamb from May ...:..::. 16.77 any country. The Government Chicago Wheat: proposed to seek the authority of July ..... Parliament to apply to the assis-September tance of the cattle industry such December sums, not exceeding £5,000,000 a Chicago Corn: year, as may from time to time be September needed. As offset to

this December

16.69

101 101%

714 66%

87%

87 812

THE YOKOHAMA SPECIE BANK B

LIMITED

Established 1880

Capital (full paid-up) Yem.100,000,000 Reserve Fund ...Yen 129,150,000

Head Office: YOKOHAMA

Alerandris

Branches and Agencies, at

Maji

Nagasaki Nagoya

Bangkok

Batavia

Berlin

stia gapore

TH

Branches of American Express liability the Exchequer will bene-Winnipeg Wheat: Company in Principal cities of United fit to the extent of the revenue July. States of America and Cazada.

from import duties.

Bombay

Calrusta

New York ONCE Paris

All classes of Commercial Banking |Transactions" undertaken.

Canton

Dairen (Dainy) Rangoon

Peiping

Fengtian (Maiden) Rio de Janeiro

Kang

Honolulu

Kobe London Los Angeles -Manila

San Franciaco

Seattle Semarang Shanghai Singapore Sourabaya

Sydney

led.

***

October December

ex.

Imports to Shanghai in May amounted to $53,841,473, which re presented an increase over April iraports to the city of $835,547.

Taken as a whole, texties, wool- ¡lens, cotton

and sundry |manufacturers in this line led the

field in total imports.

wares

Varying Needs

Interesting statistics appear ou Shanghai's needs in the Customs returns. For instance, Shanghai 16.73n imported $23,931 worth of type- 16.79

writers and parts in May: $9,715 16.88 worth of face powder and cream: $13,752 for tooth powder and 105%b parte; $41,143 for perfumery and 106 cosmetics; and $1,890 on hats and 107b caps. In the line of perfumery and cosmetics the statistics show 75%b that the U.S.A. is now leading 70b France in her exports to Shang-

hai

Germany had a comer 923%b the face powder and creat sup- 917h ply, Japan was a heavy supplier 92b of tooth powders and paste,

was second to America:

The value of radio sets import- ed in May amounted to $288,591 which was a big decline over April when $351,565 worth of radio sets and parts were brought in

LOCAL DOLLAR

STEADY

༈

ότι

but

Quality Production The Cattle Committee which ad- ministers the present temporary Personal investment accounts hand-subsidy will consult with the various interests concerned, so The Company offers to intending that the payment to home produc- Travellers the use of its “Travellers ers of fat cattle will be so adjust- Cheques and Letters of Credit saded as to encourage quality pro

Japan supplied the biggest per- Silver Prices Rise addition, the world-wide services

centage of sharks' fing in May. of its thoroughly equipped Travel duction. As regards mutton and

The total value of all fins import- | Department.

lamb, the imports of which are at

The local dollar is steady, ed from various countries present regulated in the case of opening on demand this morning listed at $231,117 The Nether- foreign imports under the statute at 1/3-5/15d.

lands Indiz: are the big suppliers and in the case of Dominion im-

"Sport" silver rose 1/16 to 19- of birds' nests. .While the total ports by voluntary arrangements, 9/16, while forward" advanced value of birds' nest imported in the Government propose to con-1/16 to 19-9/16.

May amounted to $53,079, the [tinue the present system for the

The London on New York cross-NELL. supplied $17,745 of this. year 1997. The question will fall

Popular Tobacco rate was unchanged at US$5.- for consideration in due course, 02%, while the New York on One of Shanghai's biggest ime For the information of visitors whether thereafter the Interna London cross-rate was quoted £ports in May was tobacco, with a the following list of some of the tional Meat Conference, in asso US$5.02%, as compared with total value for cigars, tobacco highest points on the Island and ciation with the Empire Maat US$502-3/16 on Saturday, Mainland is published:---

Takyo Tsingtau Klapbow

C. H. BENSON;

General Manager

Interest "allowed for Current Ac-

Deposits received for axed pezinda strates to be obtained on applica tion.

· HONG KONG HEIGHTS

Manager

G. KISHINAMI

Hong Kong, 3rd July, 1926.

THE

SHANGHAI COMMERCIAL &

"SAVINGS BANK LIMITED (Incorporated in China) ».

Capital paid up Beseryes

Capital Savings Dept. $500,000 Reserva Savings Dept. $600,000.

Head Office Shang

A Bank having as its mission the industrial development on. China, and the fostering of her Dommercial relations abroad Hong Kong Offic~~

6. Queen's Road Central *Phone F11180

ISLAND

Victoria Peak

lamb to this market. As a pre RAW RUBBER PRICES

cautionary measure the Govern-

ment will ask Parliament to give Latest Quotations From them general power to regulate 1725 the imports of livestock and meat

Singapore

leaf, cigarettes, and so on, amount ing to $1,817,706 as compared to

91,194 in April:

Kerosene oil imports in May in- creased to $580,577 as compared $513,392 in April The total

to

value of all oils, of fats and re- getables, cocoanuts, cod-liver, liquid Messrs. H. B. Joseph and Cotels and so on amounted to $3, 895,240 as compared to $3,707,353 have

received the following In April |quotations In-- Straits enrency

Council, should operate in regard

to the exports of muttom and

Fest

1,828

rnal Station

Parker

1,774 1,734

Mountain Lodge The Byrie'

Peak Hotel Mt. Davis

1,722 1,305

should the need arise.—British Wireless Service.

277

Bowen Bond (alterbeds)

297

MAINLAND

Teer

Taimoskan

3,124

Kowloon Feal

*1971

escaped ran through the town and Oct/Dese

Aug/Sept.

swam more then, half a mile doorn the River Tweed before being captured.

Shanghai imported. 33/433,690

ESCAPED BULL SWIMS RIVER from Singapore for Raw Rubber worth of paper, wood pulp and so

As an Aberdeen-Angus bull was Spot being unloaded, at Berwick it!

"Buyers 27 Unéhanged

3577 in

on, as compared to $3, April- 27% Unchangi The value of motor cars, and

Bachanged

bases, including, chassis,

in May, amounted to $259,375 compared, to $303,859 for April,

SHARE MARKET

TO-DAY'S QUOTATIONS

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

Banky

HK Bank $1,580 2. HK. Bank (London) £102 n.. Chartered Bank $14% n. Mercantile Bank A. and

£31 E.

Mercantile Bank C, #14 a. Bank of East Asia $75 1.

Insurances

B

Canton, Ins. $255 n. Union as $525 D China Underwriters $1 China Fire Ins. $462 n. HK Fire Ins. $250 n. International Assce. Sh.$91⁄4'a

Shipping

Douglases $36 n. EK Steamboats $2 b. Indo-Chinas (Pref), $30 = Indo-Chinas (Det.).$20 m.. Shells (Bearer) 96/3 n. Union Waterboats $12 8.

Docks, etc. FK and K Wharves $$3 m HK and W. Docks $10 b. Providents (Old) $1.05 n. Providenta (New) 20 cts. 11. Hong Kew Sh.$185 m. New Engineering Sh.ąd z. Shanghai Docks Sh.$100 ǹ.

Mining

Kailan Mining Adi 11/6 n. Langkats (Single) Sk.$8 n.. S'hai Exploration Sh.441⁄2 n Shanghai Loans Sh.$i; n. Baube $104. n. Venz; Goldfield $44 b. Antamos $4.85 b., $4.95

$4.92 sa

CRIMINALS ON MOVIES

U.S. Police Methods-

Studied

SCOTLAND YARD GOES TO

THE PICTURES

There is one thing only the Bri- tish police force lacks to make it "the finest in the world-more eff-

Icient wireless communication" the lines adopted by America.

Sop

Atoks 70 cts. b. Baguio Gold 30 cts. b., 31 cts.

32

This is the opinion of Deputy « Assistant Commissioner Ronald M. Howe, who, with other police six officers, has been making a weeks' study of American police procedure.

Mr. Howe expressed the opinion that there is no reason why Scot- land Yard's radio system should. not become equally efficient.

"In the first place," he said, "I was impressed by the fact that they use speech, whereas we code when sending out messages.

There is something to be said for this. We could dispense withi wireless operators..

"It may be argued that the criminal or his accomplice could overhear our instructions to the Įpatrol cars.

Intent on His Job

But it would be impossible for, say, a burglar, to listen-in to polica messages. He would be too intent on his job.

"His friend round the. corner might hear, it is true, and rush to tell him the news, by which time an entirely different message, unknown to him, could be sent."

Mr. Howe was asked whether British C.LD. officers are as cap- able as their American colleagues. He replied that they are second

to none.

Balatoes $213⁄4% n Benguet Consolidated $18.40 m. Benguet Exploration 30 cts. b. Bid Wedge 53 cts. 82. Consolidated Mines 3 cts. b. Demonstration $1.08 z.. Gold Creek 19 ets. n. Ipo Gold $1 cts. n. Itogons $1.95 m. LX.L. $2.30 b. Masbate 85 cts. b. Northern Mining 36 cts. n

Their time seems to be fully Paracale Gunaus 62 cts. na

occupied with major crime” - Selacots Mining 12 cta. z.

Comparing the British Flying San Mauricio $1.21 n.

Howe Squad and "Q" cars, Mr. Suyoc Consul 54 cts. b. 56 cts said that it is not a fact that faster American police cars, are than the British.

He agreed that the majority of detectives in America do not seeur to mind how long their day be comes when they are engaged or a case. It is the same in England. "They do not appear to have to spend so much time on burglaries, shopbreaking, and so on, as · WO do," he said.

32.

United Paracales $127. b. Universal Explor 24 eta n

Lands, Hotels, etc. FK and S. Hotels $4.40

$4% 5.

ཝཱ .

"

In his opinion a car that can do 30 mph. is adequate as by general rule, but they are helped by the reads, which are straight, and run at right-angles to another.

H.K. Lands $30 n. HK. 4% Debentures 100% b.. Shanghai Lamis Sh.$13 n. Metropolitan Lands, Sh. 310 n. Humphreys $8.55 L

HK. Eealties $44 = Chinese Estates $80 n. China Realties Sh$4 m. China Debentures Sh 360 m.

Puble Utilities

one

Identifying Criminals "One of the most interesting ̃ex- periments we saw was a talkie film devised to make the identifics- tion of criminals easier. I am afraid we could not possibly adopt such a ́system.

"Prisoners here are not allow- H.K. Tramways $10 b. $10.50 ed to be questioned. Still, the

$3

Peak Trams (old) 64 1. Peak Trams (new) $2% n. Star Ferries $851⁄2 n. Yaumati Ferries $20 C. Lights (old) $10% n. C. Lights (new) $ 1. H.K. Electrics $50 b, 550 Macao Electrics $184 n. Sandakan Lights $8.30 z Telephones (old) $25 b. Telephones (new) $34 n

China Bases Sh.3111⁄4-n. Singapore "Tractions 32/6 b. Singapore Pref. 28/- n.

• Industrials. Malabon Sugais. $936. b. Cald., Marg, (Ord.) Sh$19 Cald. Maeg.. (Pref.) Sh$15 -Canton Ices $13⁄41⁄4 1.

Cements $9 n.

ELK. Ropes $8.90 1. - Stores, etc.

· Dairy, Farms-$191⁄2 n. Watsons $45 * -* Lane, Crawfords $6% n.

Mackintosha 55° 1. Sinceres $21⁄2 b. Wzz Fowells 40 cta.. n. Wing On (HK) $50′′ L ̈

Cotton Milla

Ewo Cottons Sh.43 n. Shanghai Cottons

$70 z

(old)

sa

a

idea, as we saw it in America, is an interesting experiment"

"One of the chief police officers out there said that he was COT vinced that the time would come" when the public would be able to take part in criminal hunts by the putting on of films of wanted mrû, their natural showing them in

poses and displaying their charac- cineran teristics, in the ordinary programimes.

"One of the films we saw show- ed the criminal. full face and walking about, lighting a cigarette, writing a letter, and stooping to pick up something

"We were shown a close up" of him as he answered questions. We were able to hear his voice."

URBAN COUNCIL

Market By-Law To Be Amended

At this afternoon's meeting of the Urban Council a Minute by the

the Chairman relative to amendment of Market by-law 6 of the Public Health. (Food) Ordin- Shance, 1935 and suggested new” Agreement of Lease for market. She stalls will be considered, as will' also Correspondence relative...to the petition by the Restaurant and" Eating. House Guild and relative to the restaurant Jicence at No. 142, Johnston Road, ground and frst floors.

Shanghai Cottons (new)

$391⁄2 TL Zoong Singa Sh $18 Wing On Textiles Sh.$25 z

Miscellaneous Entertainments $2.99 n. SC Enterprises $1.85 n Macao Greyhounds" $2 n. Constructions (old) $1% 1. Constructions (new) 30 cts, b. Vibro Piling 2 1. Ch. Govt. 5% 1925 G$34

984

Govt. 4% Loan 7%

Walace Harpers $4

Various applications for licences- and the regular returns will also- be laid on the table....

FRETTABLE PRINTIN

ao order too, smáll