1936-09-23 — Page 7

ارم

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Lathorised Capital

$50,000,000 |

sssed and Fully-Paid-up. 20,000,000 |

Seserve Funds;— .

Starling ........$ 6,500,000

Hong Kong Currency

Reserve ......$10,000,000

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

Incorposted by Bayal Chinese, 183,

HEAD OFFICE: LONDON

Paid-up Capital

Seserve Liability of Pro-

prietors

-$20,000,000

Reserve Fund Reserve · Liability of Pro-

prietors

£3,000,000 £3,000,000

£3,000,000

Agencies and Branches:

Live Star

Hangou

HEAD OFFICE: HONG KONG.

BOARD OF DIRECTORS.

Hon. Mr. J. J. Paterson Chakra

+

G. Miskin Eag.. Deputy Chairan.

Hon. Mr. WH. Bell, J.R. Masson Es

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

J.

Дильна Changk

Boy

Amía Lumpur Locking

ZAMANINĖ

Berwenber Khanghai Mugsport

H

L'entou Ustapors

Cabu

DAN

bong

Plummer £3q4+1 Below

Hon. Mr. M. T. Johnson,

AKOT

A. L. Shields Ext.: V. M. Grayburn, »Esq. Chil Kampm.

BANGKOK

BATAVIA

HOURAY

CALCUTTA CANTOX CHEZDO

COLONIDO

FOOCHOW KAIPHONG HAMBURG HASKOW

HARBIN

HUNGKE

ILOJO

SOFORE

KORE

KOWLOOK

BRANCHES 1-2

KUALA LUMPUR

LONDON LYONS

MALACCA

HUAR (Johms)

MÜNDEN

NEW YORK

FEITING

PENANG

RANGDON

SAIGON

SAN FRANCISCO

BIZANGHALY

SINGAPORE

SUNGE PAWAN

БОСВАМТА

TIENTSIN

TOKYO

TEIKQTLO

YOKON 4MA

Current Accounts oposed in Imeni Ouzvency and Fland Deposits recited for 200 year or surven pertode in Zooal" Cuyancy-and Sheling se sema which mit be rooted on application.

ALSO Ep to date GATE DEPOSIT BOXSA ID varda kims 20 KEL

Hong Kong, 24th February, 1935.

HONG KONG SAVINGS BANK

The Bottom of the stars Bank la conde's

the HONG KONG AND SHANGHAI

B CORPORATION

abovived, op sagliosión,

barbun

拙g Eng

Malax

York

Amping

Ресми

Tang

Depen Joogia

(b)

EMUNDOHETISH

Foreign Exchange and Geoses Banking business

THE CHINA MAIL, WEDNESDAY, SEPTEMBER 23, 1936

NEW

and ADVERTISEMENTS

Commerce

Finance

NEW YORK STOCK MARKET

Future Outlook Uncertain

LOCAL SHARE MARKET

TO-DAY'S QUOTATIONS

The following was the list of local share quotations isaved

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

again

Stocks: Industrials failed to hold their new high ground and the outlook for the ear future is uncertain Al- though the undertone of the mar Cumal Account spread "and Fixed Depoket is still firm, a fair amount of

profit-taking occurred to-day and! there is a possibility of a ten- porary decline before prices again' {advance. We would accordingly adopt a conservative attitude for ¡the present.

1,550,000 shares.

[received for one year or shorter periods së TRAM

welarska vesil he cumsed on application.

The Beck's Reed Ofor ii London vadurtakon Sanentor aud

vvapaić, wa

veouracy of Bellak Jacome. Iaz Seda which may be maonessinet as any vi Agracia and Nesnches.

A BREARLEY,

Manager

Hong Kong, ist January, 1935,

Business done:-

Cotton-A leading cotton au- thority states that the last figures į

THE CHINA & SOUTH SEA BANK, for World consumption amounted

UIMITED

(Incorporated in China) Head Office--Shanghai

Capital

5.$7,000,100.00 Reserve

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

Chip

{trazimycund.

Foenign Exchange sol General Backing Bus Current and baring door oprost and Find Depolls routed or our pier or shorter par

ng ruim wich will be quòcać ov application.

BOU. Z. CZÍNTE

Slanger.

HOSG_LONG_BRANCH :

34. Des Yeux Bowd, Central, Manager's Offos momentosanna Tal 38365 Jorm hangs Dept, spava

FOR THE HONG KONG AND SHANGHAI | General Udine BANKING CORPORATION.

7. M. OPATBURK,

Hong Kong, 24th February, 1936.

THE BANK OF EAST ASIA, LTD.

Borland Capital

Paid-up Capitai.

110,000,000,00

Beserve and Codivided Profta # 2,685,3OSITI

HEAD OFFICE:-BONO KOSO.

13. Das Vaux Road, Coctan

BOLED OF DIRECTORS ----

Hon. Siz Shou-son Chow, Chairman. Like Chua, Esq. P. Z. Kwok, Esq., Wang Jah Jong, Eng Chan Caing Khan, Late Fed a ton, and Tan Tite Lati Lan

P. Eng.

MOT

(Tane Po, Engú. Chist Msangue.

BELSCHES AND AGENCIES:-

Bataby Calcula Carp

Haiphong Rasbow Kashela

Manila

Price Peiping

Emai

Costlier's USOR

THE WING ON BANK, LTD.

Head Office: Hong Kong 26, Des Voeux Road Central

Authorised Capital $1,000,000

LONDON BANKERS:— Westminster Bank, Ltd.

to 27,729,000 bales, which exceed- ed the previous record by 1,951,- 1000 bales.

The last figures for World production amounted to; 26,262,000 bales. We think that prices at present are approaching bottom in the current movement; and we would advise purchases at around the present level, anti- cipating an advance before very

cob-

Rubber:-Despite good [sumption figures and general ex- pectation of unchanged quotas, speculation is confined to side- lines only.

Flash: The Commonwealth | land Southern Corporation has! [carned. $11.312,251 for the year) lending August 31st, as compared with $8,222,412 for the corres- (ponding period of last year.

Foreign Exchange and every dea- COMMODITY PRICES

|cription of banking business transact-

ed.

Current Accounts and Savings Ac-¡ The following quotations have ceived at rates which will be quoted counts opened. Fixed Deposits re-been received by Renter-

on application.

Trusteeship & Executorship under-

Safe Deposit Boxes for hire.

PHILIP GOCE CHIN, Chief Manager.

taken.

New York Cotton: October

December

January

March

Speed Wi

Shanghai

Singapore

Sourabaya

May

THE MERCANTILE BANK OF July

Melbourn

Sagaanki

Sew York

25 Barakamo

Syd

Kobe Kowloom Ladon

Sax Tendinop

Thattsin Tatto Vancouve Tokoka.ma

:

Priang Bagoon

INDIA, LTD.

HEAD OFFICE:

Every description of Banking and Exchange business transacted. Losna greased ou appeared!

CUTTING.

Current Arécente opened is Loost Curry and and Deposite Mosited for one

aborter period in Loen? and Poesign Cornocien on terms which will be quoted (as applicatio

Safe Deposis Base To Le

KAS TONG PO,

Chiet Manage.

Paid-up Capital ...

Reserve Fund & Rest 1,217,830

BANKERS:

The Bank of England & Xidland Bank Lt

Banka

HK. Bank $1610 b HR (Lon. Red) 103 Chartered Bank $151; n. Mercantile Bank A and B)

£31. Mercantile Bank C. £14% D. Bank of East Asia $50 1.

Insurances

Canton Ins. $270 11. Unios Ins. $580 b.

China Underwriters 31 1. China Fire Ins. $462 n. HK. Fire Ins. $255 ». International Assee. Sh.34 m

Shipping

Douglases $30 m H.K. Steamboats $4 n. Indo-Chinas (Pref.); $30 z Indo-Chinas (Def.) S20 m. Shell (Bearer) $113/9 m. Union Waterboats $12 n.

Docks, etc.

H.K. and K. Wharves $113

113 ea

H.K. and W. Docks 813 Pro-idents (OW) $2.65

$20/.70.

• Providents (New) 20 cts. 1. Hong Kew $135 m.

New Bagineering Sh.#4_n. Shanghai Docks Sh.$81% .

Mini K

Kilan Mining Ad 10/6 m. Langkats (Single) Sh$31⁄2 1- S'hai Exploration Sh.$2 m Shanghai Loans Sh.42 n. Raubs $11.35 b.

Venz: Goldfield $441 n. Antamoks $5,40 b. Atoks $1.16 ± Baguio Gold 62 ets. s. Balatocs $24 n.

Benguet Consol $2334

PUBLIC AUCTION

*NHE Bad

OUR TRIP FO

Instructions.

by Enblic

Auction

YIA CANADA

IN 1937

Friday, the 25th. September, 1336) commencing at 10.30 am

at No. 1 Carnarvon Building,

Kowloon, high

A. Quantity of VALUABLE HOUSEHOLD

FURNITURE

On View from Thursday, the 24th September, 1936. --

Terms: Cash on Delivery LAMMERT BROS.,

Auctioneers

Hong Kong, 23rd Sept., 1936.

WEAKNESS OF GUILDER

Roundabout Process. Adopted

TO ENSURE PARTICIPATION. IN BENEFITS

London, To-day. The weakness of the guilder, carrying the Spot price to 7.49 and the three months' discount b.to & appears to show that at least Dutch nationals take the b.League of Nations'. · Financial b. Committee's report seriously. The report recommends de valuation by the gold bloc coun- tries, and appears to have re- sulted in heavy Amsterdam offerings of guilders in Paris for subsequent conversion into sterling. The adoption of the roundabout process ensures participation in the benefit to be derived from the support accorded to the franc by the British control, which is not extended to the guilder.

The widening of the forward: guilder discount is attributed to forward speculative sales, accentuating the weakness

Benguet Exploration 50 cts. b. caused by transactions on the

50 cts. sa

Big Wedge 83 cis. 53. Consolidated Mines 10

part of genuine traders, insur- ing contra-contingency devalua- cts. b. tion. The latter kind of deal

10/11 cts. Nå Demonstration $1.48 3. 1.48 Gold Greeks 50 cts. n. Gold River 12 cts ...

Mambulan 80 ets. n.

Northern Mining 55 cts.

Paracale Gumans $1.10 n. Salacot 20 cts. n

Prev. Yesterday

Closing Closing

1178

11.84

11.81

11-89

1180

11.88

11.81

11.88

po Gold 40 cts. 1.

11.80

11.84

LXL $3.12 n.

11.65

1172

Itogons $3.36 ¤. ::

Spet

12.16

12.23

New York Rubber:

Masbate $101 32

14. Gracechach baret; Louder, XC.z. Authorised Capital ... £3,000,000

September October

16.50b

16.500

16.51b 16.510

Subscribed Capital

1,800,000

1,650,000

December January March

16.62

16.64

16.633

16.663

16.742

16.73

May

16.82a

16.80

July

16.92a

16.900

New York

Chicago Wheat;

Pomurs

-Fort Louis

September

11434

-116A

ya ha

Mauritiu Hangov

December

113

shangai

Kuten (Ping)

May

1127

· 115% 114

Mionda

Nadia

Singapore

Chicago Corn:

September

1113

1097

H

943

36

E.

May

8971

903%

4) Winnipeg Wheat:

October

108

1097

December May

10634

108%

HK Realties $5.65 b.

108%

110%

Chinese Estates $78

Bangkok

Bombay

Calcutta

Colombo

Delani

Galia

Itung Kong

Butth

BRANCHES:

Ipol

Kandy

Kota Bhar

barechi

Kaula Lipis

Kuala Lumpur

THE YOKOHAMA SPECIE BANK LIMITED

Established 1880

Capital (full paid-up) Yea100,000,000 Reserve Fund...Yen.130,900,000

Head Offer: YOKOHAMA

Branches and Agencies at Alexandria

Moji Nagasaki

HONG KONG BRANCH,

Every Jescripta of Bending and Labs December businers, tratemcted.

Traveller Cheques jesued.

Truse and Lancutorships undertaken. INTEREST owed on Currant court. Fixed Deposits at Zace that they be excersion for application..

R. KENNEDY. '

XICKELY.

Bangkok

Berlin

Bombay

Calcutta

Canton

Dairen (Dzing)

Nagoya

New York

Osaka

Paris

Peiping

Rangoon

Fengtien (Makler) Rio de Janmizo

Hamburg

Hankow

Harbin

Hong Kong.

Honolula

Hsinking

Karachi

Kobe

London

Los Angeles Maria

San Francisco

- Interest allowed for "Gorrent de- counts.

Deposits received for fixed periods at rates to be obtained on applies- tion.

G. KISHINAMI. *

Manager. Hong Kong, 11th September, 1938.|

THE

SHANGHAI COMMERCIAL &

·SAVINGS BANK LIMITED (Incorporated in China)

Capital peld sp............. $5,000,000. Reserves

$7,500,00 Capital Savings Dept. $600,000. Reserve Savings Dept. 2600,000.

Hand-Obce-Shamadani,

A Bank having as ite mission the industrial development ou China and the fostering of her commercial relations abroad. Hong Kong Cl

* Queen's Road Contzal

**Phase 21116.

2. Queen", "Boed. Central,

Bang Mong, Mih July, 1905.

TRAVEL

PASSAGES BOOKED

AT

TARIFF RATES

ON

ALL LINES

THE AMERICAN EXPRESS CO., INC.

Incrporated with Limited Liability in U.S.A.

No. 4, Des Voeux Road, Central

San Mauricio $4.45 b. 4.48 BL Santa Rosa 16 cts. b. 17 ets, sa. Suyoe Consol $1.26 122/26

32.

United Paracales. $2.48 s. 248

Mother Lode 63 cts. 38-

Lands. Hotels, etc.

H.K. and S. Hotels $6.34 b. 6%

Lands $41 b. $41 s2. 4% Debentures 105% I Shanghai Lands Sh.$13 n. Metropolitan Lands Sh$10 m.. Humphreys $914 b.

China -Realties Sh-$4. China Debentures Sh$60 n.

Public Utilities

H.K. Tramways $121⁄2 se Peak Trams (old) -$61. Peak Trams (new) $2% 12. Star Ferries $951⁄2 b. Yaumati Ferries $2214 n.

C. Light (Old) $15.70 * - $16.55/* sa.

C. Lights (New) $12 b. H.K. Electrics $55 b. Macin Electrics 120 n. Sandakan Lights $8.30 n. Telephones (Old) 831; sa. Telephones (New) $1134 b. 11.80

China Busen Shil1⁄44 Singapore Tractions 29,- . Singapore Pref. 18/- ¤

Industrials

Malabon Sugars 191⁄2'n. Cald., Marg. (Ord.) Sh$191⁄2- Caid, Macg (Pref-) Sh$15. Canton Ices $2.20 b.

D.

Cement $12.40 h. 12.60 sa.

HL.K. Ropes $4.10 8.

Stores, etc.

Dairy Farms $27% b. 23 sa: Watson $485...

Lane Crawfords $61⁄2 n. -Macklatosha -$5. 1.

Sinceres $3 TL

Wza: Howells; 40°eta:

Wing On (HK) 350 n.

Cotton MU

Ewo Cottons Sh18.30 h.

Shanghai Cottons (old) Sh

is still almost solely responsible for a further falling away of the forward franc in the one

Beuter. way market.

TRADE MISSION TO EAST

Canadian Visitors Planning Trip

HONG KONG INCLUDED IN ITINERARY

Montreal,

With the purpose of seeking to expand trade relations, a Canadian

trade mission to the Orient is planning to leave, Vancouver on January 19, 1937.

The mission is under the

facturers' Association.

Extensive Tour

NEXT SAILING TO VANCOUVER EMPRESS OF RUSSIA AT NOON, FRIDAŤ OCTOBER 2nd OCTOBER

Steamer

E/Canada E/Russia

E/Japon

E/Asis

E/Canada E/Russia E/Japan EfAsia E/Canada E/Russia E/Japan

Hong

1937 SAILINGS

Vancouver Kong Shanghai Kobe Yokohama Honolulu Victoria

Leave Arricc Learc

Leave Leave Arrite Jan. 26 Jan. 23. Jan. 31 Feb. 2 Feb 9 Feb. 14

Feb. 12 Feb. 16 Feb. 18.

Feb. 27 Feb. 23 Feb. 25 Feb. 29 Mar Mar. & Mar, 13"

Mar. 10 Mar. 12 Mar. 16 Mar. 18

Max. 27 Mar. 19 Mar. 21 Mar. 24 Mar. 26 April 2 Apri 7 April 2 April 4 April 6 April 10

April 19 April 16 April 18 April 21 April 23 April 29 May 4. April 30 May 2 May 6 May 8

May 17 May 14 May 16 May 19 May 21 May 28 June 2 May 28 May 30 Juze 3 June 5 June 12 June 18 June 11 June 18 June 16 June 18 June 24 June 29

For Information Apply To Your Own Agent Or

In asso

Canadian Pacific Canadian

SPANS THE WORLD

THE

Tel. 20752

HONG KONG

PENINSULA HOTEL;

HONG KONG HOTEL: REPULSE BAY HOTEL

& SHANGHAL

ASTOR HOUSE; PALACE HOTEL,

HOTELS,

LIMITED

with the Grand Hotel des Wagons Lits, Peiping

FINANCE AND OECONOMICS

Return Of World Prosperity

FRANCE'S OPINIONS

CRINA MAIL ** SPECIAL

Geneva. Today,

TEXTILE TRADE FOR BRITAIN.

Coronation Prospects Help Advance

London, To-day,

In anticipation of the demand

Indus

for space at the British

tries Fair in the Coronation year

What steps, in the opinion of the Fair management committee aus-France, must be taken to ensure have decided on an important ex- pices of the Canadian Chamber of the return of world prosperity, tension of the Fair buildings at Commerce, with the support were set forth in a report on the Birmingham, which will result in the Dominion Department of

possibilities of a resumption of the quadrupling of the original Trade and Commerce and the co-international collaboration in area of 1920. operation of the Canadian Manueconomic and financial affairs, The bookings for the Textiles submitted to the League of Na-Section in the new Earl's Court {tions yesterday, - ***

Building already indicate the The mission contemplates visit- The Finance Committee declar-effect of the Coronation dress de ing Honolulu, Shanghai, Nanking, ed itself in complete accord with mands on the fortunes of the cot Hong Kong, Canton, Saigon, Arg- the conclusions drawn by the ton, woollen and rayon industries." kor, Bangkok. Singapore, Yoko-Economic Committee recently, es-The exports of British textile hara, Kobe and Nagasaki: possibpecially as regards the latter's ex-manufactures from January to by also Peiping. Mukden, Sealpressed conviction that a return August this year are nearly and Tokyo.

to normal international economic (£3,000,000 ahead of the same The party will return to Canada relations depends upon an adjust-period last year, and a continued Jon April 7, 1937.

ment of the price-levels in the increase of overseas demand for The object of the mission is, by various countries. The Committee United Kingdom textiles is m friendy furthermore is of the option that pected Britfal Wireless Service Personal contacts and open discussions to extend the cach country might to solve Es

.

corridats of commerce on the town currency problem, and that BRITISH EXCHEQUER RETURNS post and export sides with the an international conference on 223 MONTAG countries visited.

this point would have no prov London, to-day-The Exche Round-table conferences are be spects of success at present-quer returns show that the total ing arranged at the principal Trans-Ocean Service, senordinary revente amounts to cities included in the itinerary,

06 £272,139,270; compared with £277, Beuter.

522,000 at the corresponding date expenditure is £248,220,568, com of last year "The total ordinary

pared with £333,368,957 at the fcorresponding date of 1935.-Erl-

tish Wireless Service.

Zoong Sings Sh‡18 b. Wing On-Textiles Sk.$25. n. ***Miscellaneots

Entertainments, $3.

8. C. Enterprises $1.35 n. Macao "Greyhomali” $2 n. Constructions(old) $134 1. Constructions (new) 50 cts. 4. Vibro Piling $42 b

Ch. Govt. 5% 1925; GƒBdr. **

92% 5.

LOCAL DOLLAR

RISES

Silver Prices Fall

The local dollar has risen 1/32, opening on demand this morning at 1/2 25/32.

REICHSMARK QUOTATIONS

"Spot" silver rose 1/16 to 191⁄2 Berlin. to-day-The Reichs- while "forward" also rose 1/16.to mark was quoted yesterday with- 19/2

» out guarantees at: New York The London on New York cruss" 40.21, París, #10.25; Amsterdam, rate was unchanged at £ US 52- 59.26; and London, 12595.,

H.K. Govt. 4% Loan 8% prem 06%, while the New York on Paris quoted the Pound sterling

London cross, rate, was quoted at 76.31 to 7994, and the US. Shanghai Cottons (new) She HK Govt. 34% Loan par bat £US $5.07%, as compared dollar at 15.189 to 15.191

$89/1

Wallace Harpers $41⁄21⁄2"

|Océair Service.

|with £--US$5.06-5/16