1936-07-30 — Page 8

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

amborised Capital .....$50,000,000 med and Fully-Paid-up 20,000,000 Beserve Funda:--

fiberling ..£4,500,000 Hong Kong Currency

Reserve....$10,000,000 pare Lisbility of Pro-

cistoes

KOLAD OFFICE: HONG KONG,

BOARD OF DIRECTORS.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA Incorporated by Royal Charter, 1953. READ OFFICE: LONDON

_$$,000,000| $50,000,000)

|Paid-up Capitul

Reserve Fund

$20,000,000

Reserve Liability of Pro-

prietors

£3,000,000

Agencies and Branchen:

Aloe Same Auscitest

Ipak Samobi

Hongece Bagoo

Бектестер

Belavia

Bambay Calcetin

| Cantona

Koala Lampar Kasoling

beungha Singapore

Carapor

Masila Monda

SUSAN WAD

Sesambaya Taiping

New York Piping

Pacing) Pasang

Thingto

Tolosama Zamboanga

Home Mr. J. J. Paterson

Charman

G. Miskin Esq.,

Deputy Chairman.

Mom Mr. W.H. Bell, J.R. Masaon Esq., chá

Compton Esq. T. E. Pearce Esq. Co Hon. Mr. S. H. Dodwell,

Corbe

haiphong 3. A. Plimmer Bag, Hamburg

Hon. Mr. M. T. Johnson,

A. L. Shields Esq., V. M. Grayburn, Esq.

AMOX "ANGKOK

VOLOMBO

DAIREY SCHOW "TIPHONG HAMPONG MANKOH MARSIN

MONGLEW

HALLO

PUE

JOHORE

KORI

KOWLOOK

Chani Mangw05.

BRANCHE-

KUALA LUMPUR

LORDON LYONS MALACCA

Aomen)

PEIPING PESANG

HANON

Mini

SAN FRANCISCO

BILANAI

SINGAPORE DORALAYA SSGEL FATANI

TIENTSIN

TOKIU

TSINGTAO TUKUHAMA

-

Ostrvat dooounts upaued za Lomi Cueradey and M-Depes receed for one Jast or sherlar

nada is Local Curesury and being on m વન અને આ મનના plants *180 sp date 6AFE DEVUSIT BOXES DOGZIK, ZU LET.

Hong Kong, 24th February, 1936.

HONG KONG SAVINGS BANK

SHANGHAI

The House of the stove Bank is conduct-

the HONG KONG AND LING CORPORATION. Jules may he Het is uppinomioon.

FOR THE KUNG BỤNG AND SHANGKA SANFONO CORPORATION.

V. A GRAYBURN,

Maagt.

Hong Kong, 26th February, 1986.

THE BANK OF EAST ASIA, LTD.

Jubbacinać - Cap

$10,000,000.00.

2001,

Hankow

Harten

Hour Xane

(think)

Foreign Exchange and Gmoara). Banking businens Currecs dccounts opened and "Wized Deposits Twossted for one year or shorter perioda at cove which will be quoted on appacucicas.

The Bank's hand. Often in Landóak, undertakes and claimsa *Exams and Trustee Janicama,

mcorecy of British Imena Tax overpaid, at teens which may be weertained at any of it Agencies and Drenches.

A. BRBARLEY,

Manager. Hong Kong, 1st January, 1935.

THE CHINA & SOUTH SEA BANK, LIMITED

(Incorporated in China) Head Offion-Shanghai

Capital

$7,500,000.00 Eeserve

$1,500,000.00 Branches-All Importat Citim

China

Foreign Exchange and Ganseni Banking Bamunana

SEWERAMIČ,

Caereni nod Sering Automats opened and Fitted Depowtam iwowynd for one year or sharine preboda at China Whal will be quoted on eppócations.

*ONLER Z DOR

HONG KONG BRANCH

6. Das Vaux Bosé, Central,

Kaonger's "Ubos

Foreign Lanmange Dept, someone t Osteni. Uffer Chahier's Of

•

THE WING ON BÁNK, LTD.

Hand Office: Hong Kong: 36, Des Voeux Bead Contral Authorized Capital $10,000,000 LONDON BANKERS- Westminster Bank, Ltd. Foreign Fashange and story dee- cripton of banking business transact-

Current Accounts and Savings Ac- Fixed Deposits re Cows Tag 7: 2 Ewok, Esq. Wong Cired at rates which will be quoted, I'm Tong Ling Chen Ching blak, Tagh on application.

my and Ladinidad Frole

HELD_OFFICE-HONG EU50.

J De Four Road, Casteel.

BOARD GY DIRECTORS-

Hon. Sir Shou-son Chow, Chairman.ts opened.

Ludon

2. Wong Chu boty je dal lune Ting · Trusteeship de Buecutorship-under-

takan. Safe Deposit Bazes for hire.

PHILIP GOCK CHIN

Los Tray F, Eng, Chial Manager...

14 La fong. Engu Kanager.

KRANCHES AND ADENCIES zver

علمدار

Muiboutze

Bagumki

Saw Yuck

Legnag

Pinang Langton psiyon

Francia

Desizi

bkanghai DATOR bourabaya

DWDİON

Bydney Taibuka

izantain

ickpe

VEDO PO Jakoban

Bvery scriptwa of Hanking and Exchange Budem Sancted. Louna gruistad on approved

Carros, rotunza signant le Local Care and Fixed Deposits ¿vosivel fer que jaar of shatter pecode in Loosi sad Yowigs Cuci which will be quoted on application, Depan Bazes To Let

THE YOKOHAMA SPECIE BANK LIMITED

THE

Chief Manager.

AMERICAN EXPRESS" COMPANY,

INC.

Incorporated with Linstand Lankality in U.S.A.

Head Office±66;- Broadway, New York

Capital

U:5.$6,000,000.00 2,240,344.28 897,612.65

Surplus Reserves

BRANCHES ---

واعظ

حالا

Shanghai C Boutiazzolon

AZER Albana

Barana

Naples

Heidelberg-

Home

Brosna Cairo Calcula Cazzo Colombo

Bo

Lansin

La ferpool

Lugano

L

Yen. 129,150,000

Edinberg

Geor GARAS..

Morse Code

Vecios Yok

-

Macxin •

Established 1880 Capital (full paid-up) Yen.100,000,000 Reserve Fund

Head Office: YOKOHAMA

Branches and Agencies at

Alerandres

Bangkok

Batavia

Bombay

Calcutta

Certon

Dairen (Daing)

Keji

Nagaraid Nagoya New York Osaks

Tagtien (Mukden) Rio de Janeiro

Paris Feiping Kangoon

Hamburg

Hankov

Hong Kon

San Francisco Beattie Semarang Shanghai

Honolula

Sydney

Tringt

London

¿Los Angeles,

Mazila

Internet allowed De Current Ate counts.

Deposits received for fixed periods

on.syplica state to be obtain

G. KISHINAME,

Hong Kong, 2nd-30

SHANGHAI COMMERCIAL- & SAVINGS BANK LIMITED -

(Incorporated in China)

Capital paid-up. (.....$5,000,000; Poseztek, a

$7,500,000 $500,00

Capital Barings,

Poserve

Hand Once Bhanghai

A Bank buying as its mission

the industrial development on Ching and the fostering

commercial culations abroad.

Quvon's: Road Cents

Musick

Montrock.

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

All cismos of Commercial Banking Transactions undertaken.

Personal investment accounts, hand-

led.

The Company offers to intending Travellers the use of its "Travellera Cheques" and Letters of Credit: and, addition, the world-wide servicns of its thoroughly, equipped, Travel, Department

C. E. BENSON,

General Manager.

HONG KONG HEIGHTS

For the information of visitors the following list of some of the highest points on the Island and |Mainland is publishedo- v.

ISLAND-

THE CHINA MAH: THHURSDAY, JULY 30, 1936

Commerce and Finance

LOCAL SHARE MARKET

TO-DAY'S QUOTATIONS

The following was the list of Focal

issued share quotations [to-day :----

Banks

H.K. Bank $1,590 n. cum, div. H.K. Bank (London) £99 n ex

div.

Chartered Bank $143% n. Mercantile Bank A. and

$31.

Mercantile Bank C. £14 n. Bank of East Asia ST3 1.

Insurances

Canton Ias. $260 n. Union Ins. $547 b. China Underwriters $1 m China Fire Ins. $462 n. H.K. Fire Ins. $250 n. International Assce. Sh.$34 n. Shipping

Douglases $36 1. HK Steamboats $2% b. Indo-Chinas (PreĹ), $30 a Indo-Chinas (DeL) $20, A. Shells (Bearer) 101/3 . Union Waterboats $12 m.

Docks, etc.

B.K. and K. Wharves $99. HK. and W. Docks $15 s, Providents (Old) $155 s. Providents (New) 20 cts. 1. Hong Kew $185 m.

New Engineering Sh‡i n. Shanghai Docks Sh.$85.n.

Mining

Kailan Mining Ad. $10/3 1. Langkats (Single) Sh$5 S'hai Exploration Sh.$3 n. Shanghai. Loans Sh.$3 n.

Rambs $11 b

Vezz; Goldfield $41⁄4 b. Antamoks $5.31 sa Atoks 80 ets. ai

B.

NEW YORK SHARE MARKET

Further Selling Anticipated

WITH MODERATELY. LOWER PRICES

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

Stocks: Based on the fact that) the bulk of the immediate favour able news is now out, we anticipate further selling. with moderately lower prices. We would Bot ex- pect the reaction to go beyond 162.00 and. 52.00 in the Dow Jones averages for industrials and rails.) respectively. Business done: 1,950,000 shares.

Wheat: Improved domestic buy- ing power suggests excellent con- sumption. Large Canadian ex-; ports to the European Continent jare reported on account of bad weather conditions there. Total įsales: 28,954.000 bushels."

-Corn: Conditions are very poor. We feel that even soaking, rains will not be able to improve the (crop in the important areas.

Cotton: Increasing fears of au upward revision of crop estimates caused further Liquidation. A prediction of the weather indicates clear and warm conditions. Wel think the long view is moderately bullish and we favour purchases at faround 12.00.cents-

.

Flash: Average crude oil pro- duction for the past week is estimated at 2.961.000 barrels.

The Edison Electric Institute | estimates electricity production for the past week at 2,088,000,000) k.w.h., an increase of 14.5 per cent. salas compared with the correspond

ing period of last year.

Baguio Gold $7 ats. b., 39 cts. Balatocs $24. Benguet Consol $261⁄2 n. Benguet Exploration 39 cts. 3.,

38 cts. sa

Big Wedge 66/68 cts. st. Consolidated Mines 5% cts. z Demonstrations $1.55 b.. $1.57 sa. Ipo Gold 31 cts. n. Itogons $2.40 b.

LX.L. $3.10 b., $3.20 sa. Masbate $1 n.

Northern Mining 36 cta. x.. Paracale Gumatis 751⁄2/76 cts. s2. Salacots Mining 12 cts. n. San Mauricio $1.74/2.00 sa „Sayoc Consol. 58 cts. sa

COMMODITY PRICES

January

LOCAL SOLICITOR SUSPENDED

(Continued from Page 1)

(b) That the said Charles An- been drew Sutherton Rúss has guilty of disgraceful and dishon- jourable conduct as a Solicitor, in

that he being a Solicitor was party to and executed the follow- ing written agreements with per-į sons not duly qualified to act as attorneys or solicitors, namely:- (i) Agreement, dated the fifth

NEW ERTISEME

BANK HOLIDAY-

Azcordance with Government-. Ordinance, the EXCHANGE (ii) Two agreements dated res- BANKS will be 'CLOSED) for the pectively the 19th and 15th Transaction of Public Business on

the days of May 1926 made be- MONDAY 3rd. AUGUST, tween the said Charles An- 1936 (The First Monday. drew. Sutherton Russ of the AUGUST).

one part and Fung Kit Ling Hong Kong, 30th July, 1936. of the other part, by which

agreements and the joint PUBLIC AUCTION effect thereof the ssid Charles Andrew Sutherton

T

Auction.

од

Friday, the 31st July, 1936 commencing at 11.00 am. at their Sales Room,

Russ binds himself, so long!HE Undersigned have received. as he shall practise as a co-instructions to sell by Public licitor in Hong Kong, to re- tain the services of the said} Fung Kit Ling and gives the said Fung Kit Ling au-| thority to agree the amount; of costs payable in respect of all work introduced by the said Fung Kit Ling. (iii) "An agreement made in or

Duddell Street

A Quantity of VALUABLE HOUSEHOLD

FURNITURE Terms: Cash on Delivery

LAMMERT BROS.,

Auctioneers.

Hong Kong, July 30th, 1936.

tbe

day of February 1935 made between the said Charles Andrew Sutherton Russ of the one part and Li' Wing| Chi and Fung Kit Ling of the other part, by which agreement the said Charles Andrew Sutherton Russ agreed in consideration of the sum of $30,000, paid to him by the said Li Wing Chi and Fung Ki Ling, to share the profits of his business of a solicitor carried on by him in this Colony under the name of Lee and Russ) with the said Li Wing Chip and Fung Kit Ling, and to carry on business and ther practice of a solicitor for a period of 15 years for the common interest of all par- ties to the said agreement, and that the said agreement. in effect is a partnership agreement between the said Charles Andrew Su- therton Russ and persons bot duly qualified to act as attorneys or solicitors; al- ternatively, that the said agreement gives control of the business and practice of drew Sutherton Russ has been the relations between the respon the said Charles Andrew guilty of disgraceful and dishondent and the unqualified persons Sutherton Russ and its man-curable conduct as a Solicitor, in Li Wing Chi and Fung Kit Ling agement to persons not duly that he wrote two several letters and, subsequent to August, 1926, qualified as aforesaid as dated respectively the 24th and Wong Kien Kee, Lo Kwok Min and therein mentioned or their 30th days of May 1935 at Paiga- Dai San Wan, were those of debtor ton, England, addressed and des-and creditor, and the first and se patched to one K K, Wong in this cond of the charges brought. Colony, in that the said letters co-against the respondent therefore tain an offer by the said Charles Zail Andrew Sutherton Russ to enter into an association to carry on the

I turn now to, a consideration of practice of a Solicitor with a per- the facts on which the third

about the month of August 1926 between the said Charles Andrew Sutherton 'Buss of the one part and certain persons not duly agreement as a whole we are not qualified to act as attorneys satisfied that its provisions are in or solicitors, namely Wong any way inconsistent with Kien Kee, Lo Kwok Min and terms which might properly be Dai Sau Wan of the other imported into a loan agreement, part, in which agreement where the security for the consi the terms

and conditions derable sum loaned is so person- contained in the said agree-al in its nature. Having come to ment of the fifth day of Fe that conclusion as to the proper bruary 1925, were in effect construction of the agreement it applied to and for the beis unnecessary for us to consider nefit of the said Wong Kien and determine any of the several Kee, Lo Kwok, Min and Dai

points made to us regarding the Sau Wan in place of the true meaning and intent of Sec- said Li Wing Chi and Funstion 32 of the Solicitors-Act of Kit Ling.

1843 and the mischief aimed at by (e) That the sald Charles A-that section. We have found that.

Successors.

H.K. ELECTRIC CO., LTD.

Interim Dividend Declared

Messrs. Gibb, Livingston

THIRD CHARGE

son not duly qualified to act as an charge is based. The respondent attorney or solicitor.

left the Colony in 1929 and resum-

FIRST ENROLMENT

ed the practice of his profession The respondent was admitted a in England. In May, 1935, he re- Solicitor of the Supreme Court of ceived a cablegram reading=

The following" quotations have been received by Reuterium

and Judicature in England in 1909 and "Can you return practice I Pres. Yesterday Co., Ltd, the Agents of the Eong was duly enrolled a Solicitor and Hong Kong. Wire expenses pe- Closing Closing Kong Electric Co., Ltd, inform us Proctor of this Court on March quired." This cablegram was

that a Meeting of the Board of 28, 1912.

from one Wong Lo, and the re- Directors hold this morning an In 1921 he made a second visit

stated spondent has

that he Interim Dividend of $1 per share to the Colony and practised under assumed that it was sent by one was declared for the six months the frm name of Lee and Buss K Wong-

Respondent replied- ended June 30, 1936. The dividend with Mr. Lee Hon Chee, a SoliciWong Lo, Expenses £350," and will be payable on and after Fri-tor of this Court, La 1925 Mr

received a reply "Cabling day, September 11, 1936, to those Lee. Hon Chee retired from the

Book earliest penses 14 days. shareholders whose names: „appear partnership, and it became neces-

steamer." It was after the pass- in the Register of Shares at the sary for the respondent, in order

these cable communica- ing of close of business on August 29 to buy him out, to raise the sumtions that the respondent wrote-

October December

January

New York Cotton: October December

March

May

United Paracales $1.45 82

Lands, Hotels, etc. HK and S. Hotels $5.20 n. H.K. Lands $334

July

Spot

12.30 12.06 12.24 12.03 12.25 12.00 12.25 12.01. 12.23 12.21n 13.10

12.01 11.97 12.80

New York Rubber:

September

16.43 16.520. 16.60. 16.58 16.63n 16.61n

16.482 16.50m 1936.

LOCAL DOLLAR:

16.70 16.68a

May

16.79

16.77

DECLINES

Chicago Wheat:

September

December

106 108% 106% 1091/2

Silver Prices Fall

May

11034

Chicago Corn;

September

914

December

84%

94% 86%

Winnipeg Wheat:

July October December

95%

98%

19

95%

97%

94%

978

HK. 4% Debentures 103% b. Shanghai Lands Sh$15 m Metropolitan-Lands Sh. $16 Humphreys $8,70-n. H.K. Realties $4. Chinese Estates $80: n. China Realties Sh.4 n. China Debentures: Sh:$60, ne

Public Utilities

H.K. Tramways. $11,85:32. Peak Trams (old). 61⁄2 m Peak Trams. (new) :$21⁄4 ̄ n. Star Ferries $90 s.

Yaumati Ferries $20 b.

C. Lights (Old) $1L85 & C. Light (New)-$814 m. EK. Electrics $5234 b. $5242-|

52.60-30.

Macao Electrics $20 83. Sandakan Lights $8.30 m. Telephones. (old) $26.60

*26.70/26.60_3 Telephones (new) $8% b.. China Buses Sh$11. Singapore Tractions $29 n. Singapore: Pref. 28/-. De

Industrials

Malabon Sagarz:591⁄41⁄2′′b:~ Cald., Macg. (Ord) Sh.319

Cald, Macg (Pre) Sh$15.

Canton Ices $21.

Cements $9,60 b.

ELK Ropes: $371⁄2 D.

..Stores::etër

Dairy Farms $20% n. Watsons $3.60 5. ⠀ Lane, Crawfords $63⁄41⁄2 n.

Mackintosha $5 ́n." Sinceres 43 s;* Wine Powells: 40 eti ́ni

Wing On-(HK) $50 12?

Colton: Mg

Ewo Cotton Sk$8 m!-

-Victoria Peak..... Signal Station..., Mt. Parker”..........

1823 14774 1.784

*

Mountain Lodge...

Shanghai:: Cottozis. · · (old)"

The Eyrie

Peak Hotel

1726 2,305

Shanghai: Cótiana::: (new)

*Mb>Davis".

ETT

Bowen Road (filterbeds)

297

Zoong :Sings:ZALTI

MAINLAND

Wing On Textiles:Sh.$25;nd

Fret

Entertainmenta $290 m2

3.124

Kowloog Peak

8. C. Enterpriseh $1:85 vű

1971

March

REMOVAL OF SANCTIONS

TRADE PARLEYS STRIKE A SNAG

London, To-day...

The Anglo-Italian negotiations

for the resumption of trade, fol-

of $50,000. The respondent there-

the two letters, dated 24th and. fore approached Li, Wing Chi andị Fung Kit Ling, two unqualified which the third charge is based 30th May, 1935, respectively, on persons then employed as inter- preters in the firm of Lee and and which were in the following:

Šterms:-- Russ, and obtained from them the

EXHIBIT FL sum of $30,000-on terms and con- Stanley Richards & Co. ditions which are embodied in an

Waycotts'. CornBI,- Paignton. 24th May, 1935.

and

The local dollar has declined agreement dated the fifth day of 1/16, opening on demand this February, 1925: morning at 1/272.

The case for the Law Society, so Dear Mr. K. K. Wong,

I daly received your cable "Spot" silver fell % to 19-7/16. far as the first and second charges wired to-day "Expenses £350." while "forward" declined 1/16 to jare, concerned, depends on the

construction which this

I should be prepared to return to Court Hong-Kong on some such terms as... The London on New York cross-places on that agreement, it being these..

Guaranteed rate was quoted at £-US$5-0134 contended on behalf of the Law 12 years contract. as compared with US$5.01% Society, that it is clearly a part-net profits, payable yearly

$1,200 a month and 30 per cent. of First while the New York on London

nership agreement between the $1,200 to be paid on arrival in Colony. at cross-rate was quoted

respondent solicitor and, unquali-7 months leave on full pay and 1st. U.S.$5.02-1/16, as compared with fed persons, while the respondent class passage. 4th, 8th and 11th years, {£-U.S.$5.01%.

October. $20,000. Life (April to maintains that it is no more than policy to be taken out on arrival in a loan agreement.

trust for wife and paid her death. These proceedings are in, their 1am to remain teétotal during the essence disciplinary, and penal and whole of my period in Hong Kong

RAW RUBBER

Buying Quotations From Ellis & Edgar

PENAL PROCEEDINGS

on

it is therefore essential that we be I have done this now for over five. Batisfied that the agreement in years and would not be otherwise.

If you think this worth consider- question, together with the conse-1;

I shall have to give at least three ing, 26-11/16 26-13/16 -1/8 and 16th May, 1926 and - August moment I am notified my expenses

n. lowing the removal of sanctions, Delivery July 30 Last Price Change quential agreements of the 13th months' notice here and will do so the

have been suspended through Spot

27-1/16

27-3/16 .27-5/16 27-7/16

27-11/16

Italy's inability to accept the OD zmínímum British terms. for the JM. liquidation of the frozen debts of AJ. 27-9/18 between two and three millions

the negotiations for the same rea

Market Dall

the 1926, as regards which no differ- have been cabled and sail on

first practicable date... ent considerations arise,, is a part-

You will of course arrange for nership agreement and nothing affices and a good stat of clerks, &cr

sterling. Belgium has suspended REICHSMARK QUOTATIONS but a partnership agreement to be available on my arrival

In the circumstances in which I can save 14 days on the voyage Berlin, To-day The Reichs the respondent was, placed on Me by selling via Canada, but this would

cost another £275.... son Holland and France are meeting, the same difficulties but mark was quoted yesterday with Lee Hon Chee's retirement it was I should rather relish an oppor

out guarantee at-New York, 40 necessary for him to raise a con- traity of returning and making good the negotiations continue.

In default of an, agreement Bri. 28; Paris, 609; Amsterdam, 5924 siderable sum of money by way of and showing what I really could do, tish firms will export to Italy at and London, 12.465 Paris quoted loan, and he had no security to so I have quite made up my mind to return, if you really want me to their own risk, which means that the Pound sterling, at 75.97 to 16, offer except his ability as a splici- there will be little trade. Renter's and the US dollar at 15.185 totor. It was to the success of the If you get this towards the end of [15.137.—Trans-Ocean-Service. ^-- practice and to that alone, that the lipne, and, the fan un cabled at once, Balletin Service ·

"Constractions (ne

Mácso “Greyhounds”: $2°n. 44-4??) Constructions (old) $1% 2

Vibro Piling, 22.

Ch. Govt. 5% 1925 G‡Bi

Govt

RETAIL TRADE IN BRITAIN

London

lenders had to look for the retursijl could give my notice to expire, at of their capital and a reasonable the end of September and sail early in October and if I went vix Canada: interest They cannot, in, arrive at the end of Octoberze such circumstances, be blamed forer with kind regards to alliday

psing, on the respondent, bor-.

wer suche, stringent safegua

they could indulge him-to

cept.

Viewed » in-the lighteni fâcts and construing the

Yours sincere)Ku (Signed) C.A.

EXHIBIT

(Continued on Page 2)