1936-12-21 — Page 7

THE CHINA MAIL.

FR:21, 1936

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised Capital .................$50,000,000 texted and Fully-Paid-up. 20,000,000; Swerve Funds:-

Starling ***nau£ 6,500,000 - Hong Kong Currency

Esserte.......$10,000,000 Tosaryo Liability of "Pro-

prietars

1.

HEAD OFFICE: HONG KONG.

BOARD OF DIRECTORS,

Hon. Mr. J. J. Paterson.

G. PEs Esq.

THE CHARTERED BANK OF · INDIA, AUSTRALIA & CHINA

Enowparated by Regal Chaetor, 2013.

HEAD OFFICE: LONDON

Paid-up Capital

[£3,000,000) -$3,000,900

„Agencies and Branches:

-

Margoli

,000,000

Jangoes

bege

Damerung

Reserve Fond

- $20,000,000}

Keserve -- Läsbility of Pro-

prietors

Alor Star

Bunche

Calcutta Camion

Commbe

Junglong Linburg

Hartan 1100g, 500g

hom York Impina

J. E. Kasson Esq.

A. EL. Compton Esq., T. E. Pharos Eat, Pala

1. A. Plommer Esq. ta

Hon. Mr. S. M. Dodwell,

Hon. Mr. MT. Johnson,

V. X. Grayburn, Mag

ANUT

BANGEDE MATAVIA DUM BAY CALCUTTA CAKTON CHEFOO VULDMBO DAIREX POUCHO KAIPHONG HAMBENO HANIOW

A. L. Shielda Esq.

Chid Hangat.

MELIORES ==

LONDON LYONS MALACCA MAKZIA MZAR (Inbons) KJEDEN NEW TUSK PELPENO

n

VIẰNG CYPR

Late

HOS

KO W LAJOS

KUALA LUMPUR

RANGOKIT 5&100%

SAN FRANCISCO KELANG KAI KINGAPUZE SOUBAHAYA

Neck PATANI TIENTALE TOKTO TSUMOTLO

YOZDRAMA,

Current desto mehed to Lamel Carmacy mod; red Deposite snevad tee was your or mortar periodo in Lami Cursary sad fairing mo TREND

Pose wom TO LEL

Hong Kong, 14th February, 1926.

HONG KONG SAVINGS BANK

The Bombers of the show Bank in vendit by + 1303G XONG AND SHANGHAI BANKING CORPORATION.

vėlained on applanatio

FOR THE HONG KONG AND KHANGHAI BANKING CORPORATJUK.

1. K. GRATSUIN,

Hong Kong, 24th February, 1936.

THE BANK OF EAST ASIA, LTD.

Authoriend Capital sommer ne Paid on Capital

Lovers and Codivided Profon —

HEAD OFFICE-HONG KONG.

20, De Tamus Bad, Contend.

BOARD OF DIRECTORS 20

Hon. Sir Sbon-son Chow, Chairman.

Sungha

Kunming

Lubing

Former Shosongs and General Banking beansta Comment become opened, and Just Dupatta] ¦ runnerać te vas poor we, abwener pursoda en "zanen

Che Bank's lined Glas in Lanien undertal

Dates Symous, and,

| Destruct {al Bersină. Lavora

Agmeine und Beinahes

A BEKARLEY,

Manager Hong Kong, 1st January, IuSË.

THE CHINA & SOUTH SEA BANK, LIMITED

(Incorporated in China) Head Office-Shanghai

Capital ...........$7,500,000.00 Koverte

$1,500,000.00

Branchus - All Important Crizes In

China

Farmga Kutangs and Contral Banking Dentro | Brammered.

Carrans and Moving Atoman opened and Fland Desmeta marred in ata yuse of oberver parade

HONG ZONG_BRANCH=" 9. Das Vases Head, Candiy)

Farmga kashange Deph wa

THE WING ON BANK, LTD.

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

LONDON BANKERS— Westminster Bank, Ltd. Foreign Exchange and every des |cription of banking business transact

Current Accounts and Savings Ae- Fixed Deposita re-

Lá Kom Coun. Em. P. E. Kunt. Ing. Fans counts opened.

In To. 245- Càne Ching Shah, Tag 14 Zeceived at rates which will be quotes Bang In. Wang Cho Con, Ens, and "Lan Ting

Lan Tang Pa. Zay. Chief Xuangat...

L4 The Long, Kudi Manage

SEANCEES AND AGENCIES 1-

Manita Melbourne

1

Ames

Calcetin

Haiphong

New York Qual

Singapore

Prising Pronos

SHOW Sydn Tachown Tiental

San Fransisce

Vancouver Sphobama

tionalula

مطما

Loodos

Evacy description of Barking and Bumbung. Losos grandal on seseoriť

Contrat.ân opened ka Loom ComETY Five Duponta vacated-for_con_"yotr ár aberiar periods in Laval and Facings Chernaniar To begin which, wit be quoted an applimation

Sale Depoaks Bose To Lapto

KAN 2030, 70,

Chat Kaan.

va application.

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

PHILIP GOCKCHIN, Chief Manager.

SOUTHERN

ARTS DECORATION & FURNITURE CO.

Manufacturers of

High class Furniture of modern design

COMMERCE AND FINANCE

LOCAL SHARE MARKET

TO-DAY'S QUOTATIONS

The following was the list of local share

QUOLELions to-day.

Banks

HK. Bank $1810 b. HK (Lon: Reg) $10814 n. Chartered Bank £15% 1. Mercantile Bank A. and

£32 1.

Mercantile Bank C. £14% Bank of East Ănis $93 m.

Insurances

NEW ADVERTISEMENTS

IN THE SI

*~~HONG FONG COME SVENIZING. UP)

HONG LONG

LIMITED.

(IN LIQUIDATION)

NOTICE

AUCTION

ed have receivedź Public

***

Tuesday, the 29th December: 1935

commencing at 10,30 zm.)

jat Godown No. 12, The Hong Kong:

and Kowloon Wharf & Godown:

Co., Lt

Kowloon

A Large Quantity of Miscellise--| ous Goods

comprising:

TOTICE IS `HEREBY GIVEN that a General Meeting of the Company will be held at the offices of Messrs Percy Smith, Seth & Fleming, 6 Des Voeux Siamese Beer, Teak Wood, i Road Central, Hong Kong on Rubber Goods, Carbide, Iran Wednesday 30th December, 1956, Pipez, Manila, Rope, Dyes, Barbed Bat 4 pm. for the purpose of re-Wire, Scrap Rubber, Porcelain (ceiving the Liquidator's report Ware, Iron Birs, Galvanized Wire, and accounts for the year ended Nails, Electric Lamps, Steel Bars, (30th September, 1956.

Canton Ins $300 mi Union Ins. $612 b. China Underwriters $1 a HA Fire Ins. $300 n. International Assco. Sh. $33⁄41⁄2 m

Shipping Douglases $30 2 ELK. Steamboats $7.40 n. Indo-Chinas (Pref.) $35 n. Indo-Chinas (Def.) $36 m. Shells (Bearer) 123/9/n. * Umien Waterbosts $10% n.

Dockz, etc.

.

H.K. and K. Wharves $1061⁄2 H.K. and W. Docks-$15% n. Providente (Old) $7%1⁄2 n Providents (New). 20 cts. 1. New Engineering Sh1⁄4 z. Shanghai Docks Sh.$90 n.

*Mining

Kailan Mining Ad. 14/3 n. Raubs $13.10 b.

Venz, Goldfield $8 b.

Lands, Hotels, etc. H.K. and S. Hotels $5.60. FK Lands $33 s

H.K. 4% Debentures $105 n Shanghai Lands Sh.$13 n. Metropolitan Lands Sh.#10 n. Humphreys $9

H.K. Realties $190 n. Chinese Estates $78 m. China Realties Sh.$4 z China Debentures Sh.$60 1

PHILIPPINE MINING

Clacing Rates

2214

Plate Iron, Iron Sheets, Disinfec- D. BLACK, tant, Dutes, Wire Rapes. Fish- Liquidatar. mAVES, Gromit:· Rosin, Flour, Hong Kong, 21st December, 1986 Matrix Cardboard, Camal Hair

IN THE SUPREME COURT OF

HONG KONG COMPANIES (WINDING UP) No. 3 OF 1935

HONG KONG AMUSEMENTS

N

LIMETER

(IN LIQUIDATION)

NOTICE

TOTICE IS HEREBY GIVEN that a General Meeting of the Creditors of the Company wil. be held at the ofices of Messrs. Percy Smith, Seth & Fleming, 6; Des Voeux Road Central, Hong Kong on Wednesday, 80th Decem- ber, 1956, at 4.30 pm. for the par- pose of receiving the Liquidatorʻz report and accounts, for the year ended S0th September 1936.

D. BLACK

Liquidator. Hong Kong, 21st. Dec, 1936.

LOCAL DOLLAR STEADY Silver Prices Rise

this

to

RESS!

DECEM

HONG KONG

TO

PACIFIC COAST

17 DAYS HONG KONG TO VANCOUVER

via the Direct Express Route"

18 DAYS HONG KONG TO VANCOUVER.

vis Honolulu, "the Paradise of the Pacifi

Balting, Vicunas, Fancy Goods, 29 DAYS HONG KONG TO UNITED KINGDOM (viz direct connection)

Woollens, Rice Mill Machinery.

Power Machine, Rice Machine, Lithographic - Machine Singlets, Lighters, Ment' Juice, Window

Glass, Marble Table Tops. Per fumery, Nail Polishing Seta. Glassware, Chlorata of Potash, Candy, Cotton Trimmings, Plect |Goods, Diesel OZ. Gasolina Ex- Įgine, Worsted Farm, Enbricating OH, Insulated Wire, Blow Lamps. Wolfram Ore, Tee Iron, "Dog. Spikes, Rails and Samples Liquer, etc., etc.*

On View on Day of Sale. Terms: Cash on Delivery.

LAMMERT BROS..

Auctioneers

Hong Kong. 21st. Dec., 1986.

U. S. GOLD AGAIN IN USE TO STABILISE EXCHANGE

(Continued on Poje. 4)

EMPRESS OF ASIA

SAILS FOR VANCOUVER, via SHANGHAI

* JAPAN

AT 6 AM.

WEDNESDAY, DECEMBER 23rd.

For Information Apply To Your Own Agent Or

Canadian Pacific

SPANS THE WOLLO

Tel-20752

to Inomence the value of their res-Franch To meet an outflow the pective currencies in terms of far-fund reverses the process, buying eign exchange, their chief sctisit sterling in exchange for francs Strictly speaking, Britain's Exies consist in buying and selling and using the sterling to retire change Equalisation Account had their own and other nations cur- Tusseury bills.

Britain Favoured AlfStart-

its forerunners in the internationa' rencies, and gold in the internze pools of credit which were mobili. tional money markets. These oper-

sed in the post-war period to asations are carried out through The fund was favoured by cir sist the various European nations dealings with the big commercial cumstances at the start. Supplied

to return to gold and in the Italian banks, foreign exchange brokers only with sterling, it could not 21-% while "forward" rose 1/16 Exchange Institute, which for the bullion dealers and central banks have supported the pound had it to 21-5/16.

nast ten years has looked after the collectively called the foreigners wished to. The announcement of The London on New York cross-ra. But in its modern form, the change market.

its formation, however, coupled rate was quoted at £-US$4 stabilisation fund is a British dis-

The forces at work in the for-with the evidence of recovery in 90%, as compared with US covery, like the gold standard in exchange market with which England. brought a rush of for 91, while the New York on Lon- which it attempts temperartly to the stabilization funds have to eig money to London and the don cross-rate was quoted at supplant as a regulator of cur contend are: first, legitimate com-fund began by selling sterling and US$4.91%. s compared with

rency values. £-US$491-3/16.

10.

Antamoks Atois

Selas Local in Pesos Currency opening

3.50

3915

Eaguio Gold Balator Mining

The local dollar is steady

OF demand morning at 1/2 13/16. *Spot" silver rose

14

Benguet Consol.

14.

Benguet Explor

Big Wedge

30

Consolidated Mines

<

Demonstrations

Ipo Gold

ILI L

1.60

Itogons

1.45

Masbate Consel

27+

Northern Mining

15

Paracale Gazans

50

Salicet Mining

.95

2.45

Suyor Consol.

United Paracales

1.25

H.K. Tramways $12.15 b.

Peak Trams (old) $61⁄21⁄2 n.

San Mauricio

Public Utilities

Peak Trams (new) $23⁄41⁄4 n. Star Ferries $93 b. Yaumati Ferries $25 m.

THE YOKOHAMA SPECIE BANK LIMITED

Established 1880

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

- Yea.130,300,000 |

2. Johnston Road, Tel. 31915

Macao Electrics $20 z Sandakan Lights $10 n. (Continued at foot of next Col);

Bead Office: YOKOHAMA

Alexandria

Branches and Agencies st

Moji Nagasaki

Bangkuk Batavia Berlin

Bombay

Calcutta

Canton

Dairen (Dairy)

Nagoya

New

York

Ozska

Paris Petptar

Fengtien (Mukde) Rangoon

Hambarg Hankovy

Jarbin

Long Kong inolala

isinking Carachi

Labe

adon

Los Angeles Manila

Rio de Janeiro

San Francisco

Seattle

Semarang Shanghai

Singapore

Sourabaya

Sydney

Tientsin

Tokyo

Tsingtan Tingkow Interest allowed for Current : Äo- 01.

Deposits received for firad-periods at rates to be obtained an' applica-

T. KANO,

Manngw Hong Kong, 18th November, 1835,

THE SHANGHAI-COMMERCIAL & SAVINGS "BAN «LENTED Clucocytested in China)- Capital paid up rem Gapital Saving Reserva Sarrix

It is a Daily

Occurrence

RAW RUBBER Latest Quotations From Singapore

London Likes It

To

mercial transactions, the buying acquiring foreign exchange and selling of foreign currencies guard against loss-through depre. by exporters, importers, travellers ciation of this foreign exchange it When it was formed no one sua- and others; second, speculation by converted the funds into goli. pected that the British fand was those who hope to make a profit by ~liad it been unable to make the to be more than a temporary affair the rise or fall of one currency in conversion it would not merely designed to hold speculators ir tegns of another; third, the move have faced the risk of heavy-los- check for the comparatively short rents of "refugee capital” the pes but would have been seriously one hampered in its operations. Once

Messrs. H. B. Joseph & Co. period which it was thought would aaney which rushes from have received the following elapse before Britain returned to country to mother seeking escape having exhausted its resources in gold. To-day, after four and a half from the perils of possible de in buying foreign currencies. it quotations from Singapore

would have had no way of replen Straits Currency for Raw Rubber: years Britain likes her equalisa- valnation.

C. Light (Old) $12

b.

C. Lights (New) $10% n

Spot

HK Electrics $53% b.

Jan./Mar.

Apr-June

Jaly/Sept.

Buyers 34% Down 344 Down 344 Down 34% Down

Market: Quiet.

for business men to be sent on journeys here and abroad. Expense money must be provided and it is often a problem as to how these funds can be carried safely and conveniently. It is a protection both for the organization and for the travelling representative to con- vert his expense money into

AMERICAN TRAVELERS

EXPRESS CHEQUES

Issued in denominations of

$10, $20, $50, $100 £2, 5, 10

THE AMERICAN EXPRESS CO., INC.

Ummited Liability in US.A

No. 4, Des Voeux Road, Central

Telephones (1) $28 n. Telephones (New). $10 n. China Buses Sh.#113⁄4 z. Singapore Tractions. 277—14 Singapore Pref. 27/-- ».

Industrials

Cald., Macg, (Ord) Sh#1914 » Cald Macg (Pref.) Sh.$15 Canton Ices" $2,05 n. ex. dr." Cennetix $13.70" s HK Koper $235 10

Stores, etc. Dairy Farms $20 b.. Watsonx: $435 and "Lane, Crawfords $631⁄2 z.

Sincerer $3 1

Wing On (H.KY 130 1

Collon-Mille

Ewo Cotton Sh $1410 n. Shanghai Cotton (013) SE $85

Shanghai Cotton (New) Sh.560

Zoong Sir. "Sh.325- Wing On Textiles Sh.326 n“.

Entertainments 13 n.

tion fund standard so wel that she The fraction of the control ishing its supply of sterling ex- seems reluctant to talk about go funds is always to take the change except by buring back at ing back to gok, and the rest of popular side of the market. Thus higher prices all it had previously the world has been gradually fore when Frenchmen, fearful of the sold Thus the fund was not so off the gold standard to join safety of the franc, sell their much a substitute for the gold Britain on a “managed ́currency" "ranes and buy, sterling, the P-st- standard as a parasite upon it. basis.

Jah Equalization Fund must buy When the United States: “sur-

The British Defense

HONOURED

Up to now our own stabilisa-france and sell sterling, or it Eng-pended the gold standard. in 1933 tion fund has been more of a pre-lishmen, fearing a fall of the and the British could not get gold cântion than a necessity. With the wound, send their money here, the for dollars, they turned to the dollar-restared to gold-not pre"] British, fund, and perhaps the franc for a goid, peg, upon which cisely the old gold standard, but American too, will buy sterling to hang the pound. Now, with the nevertheless an interuztional gold- and sell dolizza

jold' free gold standard everywhere bullion": stepudiandi which cantonati-

suspended, a new condition has cally held the dollar stable against, Although hostile critics have ae- arises which the tri-party": other gold exchanges there has essed the British of being their ment le expected to meet | been little need for our fund and fund as an Instrument of financial

only 10 per cent of its total amount rightfaites a monstary weapon ANONYMOUS DONOR has been mobilised for effective its drive down the pound and thus use. The French, Swiss and Dutch obtain a competitive advantageTM in fünds have scarcely began to oper- foreign trade, the British - have ste. It is to the experiences of the tetty contended that t❘ British fund that one must turn fund has been named newser to pat accordingly, for whatever of tra the pound up not to drive it down;

“Gita Aromen antnymous donor, dition and doctrine has been built but, as its name implies, merely toho has given over £107,000 to up by this new device. But what la equalize" the factuations of ster St. Mary's Hospital, Paddington, true of that older fund will in ||Ung exchange. general apply to all of them. **This “equalization,... as the

Actually vers little is known ish experts explain it, has both shout the fundsfast, because ternal and external aspects. the nature of their work makes rally it involves, steadying.

crecy Imperative: second be-pound's vaise in terras of dollars Duchess of York (now Queen cause the task is so new that the other teretiiteralls zabeth) who performed the very government officials who it has to do with offsetting the ef- opening ceremony and unveiled

tablet to The Anonymous Bene- operate them must feel their way tects upon the London money Mar- Geveloping dechniques as they go: ket of modõeti interés, or with-

Method Of Oneration - drawals of foreign capital The Britids fund takes for two functions inte ders from Whitehall, but its oper- Frenchmen, ene ations ure in the hands of the Bank went vir

stractions “(Oldy $1%-n. Constructions (New) 11⁄2 cts.

Vibm Pilind zolva.

of Bangland; just as in this comm-1 tunda try Secretary Morgenthan,

:9849%

EK Govt

consultation with the Pre

determines the palleher of

25% Federal Bese

York carries- Than primary function

to

$107,000 For Hospital

made possible the opening" Inst mouth of the fast section of new-nurses-home -AL

fact was disclosed by the

In the first-section" of

which was

Cooper"

and 4)

the