1937-01-10 — Page 7

BANKS

HONG KONG AND SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

$50,000,000

Issed and Fally-Paid-tp. 20,000,000;

Authorised Capital

Reserve Funds:-

Sterling

INDIA, AUSTRALIA & CHINA

Incorporated by Boyal Chariot, 1976,

HEAD OFFICE: LONDON

6,500,000

Paid-up Capital

$10,000,000

Reserve Fund

£3,000,000 .£3,000,000

.2820,000,000

Reserve Liability of Pro-

prietors

£3,000,000

Hong Kong Currency

Reserve

Reserve Liability of Pro-

prietors

HEAD OFFICE: HONG KONG.

DOARD OF DIRECTORS.

Hon. Mr. J. J. Paterson. Chairman.

G. Miskin Esq..

Deputy Comic

J. R. Masson Esq.,

A. E. Compton Esq., T. E. Pearce Esq

Agencies and Branches:

Alor Star Ameite Bangkok

Humber Calcutta Cantoo Cawnpor

Cebu

Coombe

Hon. Mr. S. M. Dodwell

J. A. Plammer Esq Hanke

inburg

Hon Mr. M. T. Johnson,

Ann

V. M. Graybarn, Esq.

AMOX

BANGKOK

BATANIA

SUNBAY

CALCUTTA CANTON CHEVOG COLOMBO

DALLEN

FOOCHOW

KAIPHONG

KANBURG

KANKOW

MARKIN

BONG KEW

120110

JOHORE

ZOBE

SUWLOON

.A. L Shields Esq.

Chiel Manage

BRANCHES :--

KUALA LUNTER

ཇཱམ

- LUNDON

LYOSS

MALACCA

MANILA

NÚAR (Johor)

MUKDEN

NEW YORK

PENING

PENANG

BANGOUN

SAIGON

SAN FRANCISCO

SHANGHAI

SINGAPOR

МОСЛАВАТА

SUNGEI PATANI

THENTNIN

TOKYO

THE NGTAO

TUKARAMA

Curtant Accouur operand in Zocul Curenticy and

Fized: Deposite moved for one year or shorter

ممثلا

Ipok

Karachi Xiang

Kobe

Lapar

Fangyos

Salgan

Semarang

al bestse

Shanghai Singapore

H

Kupeting Madras

ندجمالا الحلوات

New York

Piping

(Peking)

Popans

Douradayı Taiping Tentma Jika

(b) Zangio

Zambomega

Foreign Exchange and General Banking busiam

transacted.

THE CHINA MAIL MONDAY, JANUARY 11, 1937.

Commerce and

Finance

LOCAL DOLLAR

STEADY

1

Silver Prices Vary

NEW ADVERTISEMENTS

THE HONG KONG JOCKEY

CLUB..

LOCAL SHARE E

MARKET

TO-DAY'S QUOTATIONS

The following was the list of

share quotations

The local dollar is steady, open- ing on demand this morning, at local 1/25/-

to-day.

fell "Spot" silver

to 21. while "forward" 13

to

up

21-5/16.

The London on New York cross- rate was quoted at £-US$4.9134. while the New York on London

Current Account opened and Fixed Deposits cross-rate was quoted at - moured for toe par or shortex parsada så rade US$1.90-15/16 as compared with

which will be quoced in application,

The luck's Head Ofos in London undertaken | £—-U.S.$1.91-3/16.

مدحسنه

overpaid on

of Benin Iscocte Tax which may be woartazed at any of IN

Agracım and Branches.

A BREARLEY,

Manager.

Hong Kong, 1st January, 1935. ....

RAW RUBBER

THE CHINA & SOUTH SEA BANK Latest Quotations From

LIMITED

(Incorporated in China)

Head Office-Shanghai

Capital Reserve

Singapore

Messrs. H B. Joseph and Co. have received the following .$7,500,000.00

Singapore in quotations from $1,500,000.00

Straits Currency for Raw Rubber:

periods in Local Currency sad baring on w Branches-- All Important Cities

which will be quoted as appistmison.

ALSU up to date SAFE BEPOSIT BOXES is Tarocia E TU LET.

Hong Kong. 24th February, 1936.

HONG KONG SAVINGS BANK

Ibm Baware of the above Bank sa voodiacted by the BONG XONG AND. SHANGHAI BANS ING CORPORATION. Ram may be obtained wa application

FOR THE HONG KONG AND SHANGEN. JANKING CORPORATION,

V. M. GRATBCEN,

Chad Macaqu

Hong Kong, 4th February, 1936.

THE BANK OF EAST ASIA, LTD.

Auziariod, lepilat mun Pad-up Capri Simrad Uadiused Prožis mě 2,080, 235, 32

Lios.

HEAD OFFICE-HONG KONG.

10, Des Virus Road, Capital

BOARD OF DIRECTORS:-

Chairman; 14 Mom

Cane, King P. £ Cog. Egy Chan Ching bbak. Eng. Sang Kac N. Eng.

ban luzy Po, E. Chic Nasager.

The Fous. Eng. Manager.

مجید

BRANCHES AND AGENCIES:-

Manila

Chins

Foreign Exchangs and General Banking Buxicana tramaciad.

Current and Saving Accounts opened and Fited Spot. Deposita ered for som 2me or aburme pacioca Apr./June

Tim which will be quoted on applicat

SOC Z CHANG,

Mainga.

HONG KONG BRANCH: 3. Dem Vasr Bond, Central

Manager's Of

Foreign Exchange Dept, ment

Castuer's Off

Tel. 30955 *3506

THE WING ON BANK, LTD.

Head Office: Hong Kong

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

LONDON BANKERS:

Westminster Bank Ltd. Foreign Exchange and every des cription of banking business transact- ed

Current Accounts and Savings Ac-

July/Sept. [Oct/Dec.

Market:-Quiet.

Buyers

37% Up 37% Up

38 Up *

Cp

LABOUR STRIKES IN AMERICA

New York, Saturday. Messrs. White. Weld & Company. New York Correspondents for Messrs. S. E. Levy & Company. Report:-

Stocks: The

continued

uncer-

Banks

issued

HK Bank $1865 m. H.K. (Loa. Reg.) £111. Chartered Bank £16 n. Mercantile Bank A. and B

$32 1 Mercantile Bank C. £14% 1 Bank of East Asia $83 a.

Insurances

Canton Ins. $310 m. Union Ins. $615 b. and sa. China Underwriters $1 ae HK Fire Ins. $300 n. International Assce. Sh. 13 0.

Shipping

Douglases $80 D.

ELK. Steamboats $7.40 n.. Indo-Chinas (Pret.) $35 EL Indo-Chinas (Def.) $36 z Shells (Bearer) 135/7 E Union Waterbosts $10

Docks, etc.

Annual Bace Meeting, 1937 INTRIES for the above will close at 5.00 pizz. on SATUR- DAY, 16TH JANUARY, 1987, st the Secretary's Office. Exchange Building.

By Order of the Stewards.

C. B. BROWN,

Secretary. Hong Kong, 11th January, 1937.

PUBLIC AUCTIONS

THE Undersigned have received

Tinstruction to sell by Public

Auction on

CANADIAN PACIFIC

WORLD'S · GREATEST - TRAVEL · SYSTEM. Offers Two Routes

HONG KONG TO

THE PACIFIC COAST

17 DAYS HONG, KONG TO. VANCOUVER

via the Direct Express Route

IS DAYS HONG KONG TO VANCOUVER

via Honolulu, "the Paradise of the Pacifie"

Tuesday, the 12th January, 1937, 29 DAYS HONG KONG TO UNITED KINGOM (via direct connection)

commencing at 11.00-am.

at their Sales Room,

Duddell Street

A Quantity of VALUABLE HOUSEHOLD

FURNITURE Terms: Cash on Delivery."

LAMMERT BROS.

Auctioneert

THE Undersigned have received

Tinstructions from Madame

H.E. and K. Wharves $107 n. HK and W. Docks $144 b. and Dombreau to sell by Public Auc-

SL.

Providents (Old) $1.70 n. Providents (New) 20 ds. n. New Engineering Sh34 ǹ Shanghai Docks Sh.$90 n.

Mining

Kailan Mining Ad. 16/3 m. Raabs $12.85 1.

Venz. Goldfeld $3 1.

Lands, Hotels, etc. F.K. and S. Hotels $6 1. H.K. Lands $34 n.

HE 4% Debentures $105. Shanghai Lands SE$16 n.. Metropolitan Lands Sh. $10 n. Humphreys $94 -

H.K. Realties $4.50 s. Chinese Estates $76 1. China Realties Sh.$i n China Debentures Sh.860 n.

PHILIPPINE MINING

Antamoks

So Shou Bay Voce 100

Tong Chu Love Fog. and Jan Jing: Counts opened. Fixed Deposits retainty with regard to the labour ceived at rates which will be quoted situation and the Government at- jon application.

titude with respect to atilities Trusteeship & Executorskip under makes for some irregularity. but taken. Safe Deposit Boxes for hire.

the underlying feeling is still good PHILIP GOCK CHIN,

and we would look for definite im- Chief Manager.

provement on any signs of clari-Atoks

Gold Baguio fication of the situation.

Balatoc Mining Benguet Consol Benguet Explor

•Wedre Eig Wheat: Professional traders are Consolidated Mines

Demonstrations Ipo Gold

Neaidia

Melbourne

- shad

bombay

Calcutta Canton Haiphong BADKOW

New York

Pane

Temples

HONG KONG HEIGHTS

Pranag

Banguos

Tokyo.

Das Francisco

VEDOORWE DEDAME

Kobe

ti Low.com

London

business tasossded.

Kurt

SOUTWORTE

ELICE

twydmay Taśmniko Trentais

Business shares

done:

"

1.450.000

For the information of visitors Every derision of Beaking and Tabthe following list of some of the reported to be good bayers of old

Lose greated on append highest points on the Island and crop on unfavourable foreign poli-31. Rese

tical news and on increasing evi-1 Catwal Accousse speded in Local Cup Mainland is published:---- and Fixed Deposited for

dence of European needs. We toons

Masbate Consol any Northern 365 would buy May position on set-backs.

'abortet periode sa Loval and Fowign Currencies

uo verde which will be quoted on appisosti

Sale Depot Bare To Lat.

KAN TUNG TO."

Chin's Manage

ISLAND

Feel

Victoria Peak.

1,823

THE YOKOHAMA SPECIE BANK Signal Station

Capital (fully paid-up) Yen.100,000,000

Reserve Fund

оп

Mizing

Paracale Gumans Salacot Mining Total sales:-27.496,000 bushels. San Mauricio 1,774 Cotton: The large

percentage Suyor Consol

United Paracales 1.754 Lot low grades in Government loann

Coco Grove 1.725 cotton and the present' poor de-G. Goldfield 1725 mand for such grades is likely to E. Mindanao 1,305 cause delivery of low grades

March at the present premium. We switch would therefore advise a from long March to May and July. Flash: Production of motor-cars and trucks in the United States 3,124 and Canada during the past week

totalled 96,780 units.

LIMITED

Mt. Parker Mountain Lodge

The Eyrie

Established 1880

Peak Hotel

Yen 130,900,000

Mt. Davis Bowen Road (filterbeds)

877

297

Head Office: YOKOHAMA

MAINLAND

Feet

Taimoshan Kowloon Feak

Branches and Agencies at..

Alexandria

Bangkok

Batavia

Berlin

Bombay

Calcutta

Carton

Dairen (Daing)

Moji Kagasaki

Nagoya

New York

Osaka

Paris

Peiping

Fengtien (Mukden) Rangoon

Kamburg

Hankow

Harbin

Four Konf

Honolulu

Elsinking

Karachi

Kobe

London

Mazila

Los Angeles

Rio de Jenciro

San Francisco

Seattle

Semarang Shanghai

Singapore Sourabaya Sydney Tientsin Tokyo

Tsingtau

Yingkow Interest allowed for Current Ac-! counts.

Deposits received for fixed periods

on applica at zates to be obtained tions.

Y. KANO,

Manager, Hong Kong, 13th November, 1936.

THE

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED-

(Incorporated in China)

Capital paid-up. *--- ...$5,000,500. Reseryes

7.$7,500,000. Capital Strings Dept. $500,000. Reserve Savings Dept: $600,000. - Head-Office.....Shanghai, t

---_A_Bank_baving as ita „mission the.. Industrial development on China, and the fostering of her cotamercial relations-strand. Hong-King Orname

* 6. Queen's Bend Central “Phone 3 116.

1,971

SAFETY

for your travel funds

The funds for your business or pleasure trip' can be safe- guarded if, before leaving you have us convert them into

AMERICAN EXPRESS TRAVELERS CHE QUES

They are spendable everywhere and no identification is neces- sary other than your signature. If lost or stolen, uncounter- signed, your money is refund- ed. Issued in denominations of $10, $20, $50, and $100. Also in Sterling £2, £5, and £10.

THE AMERICAN EXPRESS CO., INC. Incorporated with Limited Liability in US.A

No. 4, Des Voeux Road C.

+

Clasing

Rates Sales 10 am. Local in Pesos Currency

$1.75

الم

20%

Public Utilities H.K. Tramways $12.90 n. Peak Trams (old) $6. Peak Trams (new) $23% 1. Star Ferries $93 .' Yaumati Ferries $25 s. China Lights (Old) $18.80

$13.60 sa

C. Lights (New) $10.40 n. H.K. Electrics $56 sa. Macao Electrics $20 E. Sandakan Lights $10 . Telephones (Old) $30.80 n. Telephones (New) $10% n. China Buses Sh$11% Singapore Tractions 27/— r. Singapore Pret, 27/- a-

Industrials

tion an

Thursday, the 14th Jan, 1937 commencing at 11:00 am.

at No. 14 Hankew Road, Kowloon. [2nd floor)

A Quantity of VALUABLE HOUSEHOLD

FURNITURE

On View from Wednesday. the 13th January, 1937.

Terms: Cash on Delivery LAMMERT BROS,

Auctioneers.

Hong Kong, 11th, Jan., 1937.

CUT IN CAPITAL APPROVED

CROSSE AND BLACKWELL SCHEME

The petition by Crosse and Blackwell Ltd., for confrmation of a reduction of its capital from £10,000,000 to £995,582 148 8d was granted by Mr. Justice Cross- man in the Chancery Division.

been

An adjournment Fad made to enable opponents to file evidence.

Mr. W. Gordon Brown, for thei company, stated that the reduc- tion would be effected by cancel- ling 60 per cent of the issued Pre-

EMPRESS OF CANADA

SAILS FOR VANCOUVER via SHANGHAI JAPAN

& HONOLULU

AT NOON

-

TUESDAY, JANUARY 26th.

For Information Apply To Your Own Agent Or

Canadian Pacific

SPANS THE WORLD

URGENT

NEEDED AT ONCE

Tel. 20752

WINTER CLOTHES FOR MEN AND BOYS

WOOLLEN SWEATERS: OVERCOATS: UNDERCLOTHES: SUITS: SOCKS AND SHOES

START THE NEW YEAR BY HELPING

OTHERS

ference stock, extinguishing two HONGKONG BENEVOLENT SOCIETY

thirds of the Ordinary stock, re-

NOOD

ducing 94,150 1s Ordinary shares Monday & Thursday from 10 am. to Noon/o. 11 Lee House St. which were issued for cash at 2s)

each to 4d each, and by cancelling|

the unissued Preference and Or dinary stock

The company was taking power WHITE SETTLERSing internal markets.

to increase the capital back again to the original $10,000,000.

IN TANGANYIKA

"

SCHEME TO START NEXT YEAR

ON COMMUNAL LINES

Mr. A. de W. Mulligan, for Mr. s.. Charles Reid and Mr. George Whitney, who represented about 300 stockholders, said they would) net object to the reduction of! What capital if it stood alone. they did object was that at the! company meeting the chairman ruled that amendments would not; be admittted.

It is hoped that the first settlers All the resolutions

under the scheme for communal were put en bloc.

Mr. Gordon Brown: By consent white settlements in the Southern Tanganyika will Highlands of of the meeting.

Mr. Mulligan: The effect of leave for Africa early this year. that was rather extraordinary. The scheme, which launched un- The view the dissentient stock-der the direction of Lord Chesham, holders took was that the effect is based on the principle of mixed of barring any amendment was to farming conducted, under central put into the hands of the direc-marketing schemes. $2tors still further power to issue from the settlers' point of view

| stock or shares, and so "water-are:

down" the capital again and make available

Cald., Macg. (Ord) Sh.$191⁄2 Cald., Marg. (Pret.) Sh.315 1. Canton Ices $2.05 m. Cements $11 b.

HK. Ropes $231⁄2 n.

Stores, etc.

Daily Farms $224 b., Watsons $44 2 Lane, Crawford: $63⁄41⁄2 Sinceres $24

n.

Wing On (EK.) $50 n.

Cotton Milla

Ewo Cotton Sh$15 n. Shanghai Cotton (Old) Sh.$85

Za

to themselves

more

Its merits!

Non-competitive salesmanship

Good Cattle Farming

The area in question is extreme- ly fertile and well-watered. The basis of farming on these down- lands must be cattle. In this part of the territory there is a short- age of stock at present. There is az assured intemal market, too, for butter, butter-fat and cheese, and steps will be taken to arrange for central dairying.

At present, most of the cattle on the company's stock farm ; are grade red-poll, and several first- İclass. bulls have already been Žu- ported. With the huge areas of excellent grasses on these high- lands, the future of cattle farming seems assured."

Pigs are considered in essential" adjunct to dairying, and the com pany has acquired a bacon factory for its settlere.

Of cereals, wheat mast form the

money to expend in what the dis-by those skilled at the work, forstaple crop. The settler can pro-

cure from the company's stock sentient stockholders regarded as experience has shown that even

the best of farmers are often poor farm teams of trained oxen and "wild cat schemes.

salesmen; and

drivers for ploughing. Maize is a. Dependence on a number of pro-fuseful subsidiary, and a small

Mr. Mulligan contended that, the chairman having refused: any

Shanghai Cotton (New) Sh$60 amendments, the resolutions were ducts rather than on one steple acreage will probably be grown to

b.

Zoong Sings Sh $31 n.

Wing On Textiles Sh.$36 n.

Miscellaneous

Entertainments" $37/h Constructions (Old) $1% 1 Constructions Qiew), 42

Vibro Piling $53⁄41⁄2 n.

Ch. Gort 5% 1925 G.$Eds.

933% 24

B

ct

bad.

crop. For the oversez farmer often provide food for labourers and After more discussion Mr. Mil-puts all his eggs into one basket, stock | ligan said he did not propose to The

company proposes to Finally, during the last few contest the petition any further. operate in the Iringa Highlands of years a most useful addition to the His, clients, and a good many of Southern Tanganyika, în an farmers' profits on the highlands those they represented, took the on the main Cape to Cairo road. has come from tobacco. A heavy view, when the chairman stated Here they are in a position to type of Virginian tobacco is grown that no amendments "would be

offer boldings to settlers, with the which is blended with the tobacLO accepted, that the combination af

the reduction resolution with the advantages of completed roads, of Uganda..

H.K. Govt. 4% Lom 8% premjother resolutions would be disthe provision of expert advice to Those who are interested in the advantageous to the stockholders, the new-comer, certain pooled re-scheme feel that the settler will be Mr. Justice Crossman said he sources, such as cattle dips, and a assured, if not of sudden and me- thought that there had been some prepared marketing scheme based teoric returns, at least of a small ground for the misunderstanding on the known expacity of the exist-but-certain-incom

BLK Govt 3% Loan 6%

prem bu Wallace Harpers: $4 11.