1937-01-13 — Page 7

1

BANKS

HONG KONG AND SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital $50,000,000) Issued and Fully-Paid-up. 20,000,000 Beserve Funds:

Sterling ........£6,500,000

Hong Kong Currency

Reserve

prietors

Reserve Liability of Pro-

HEAD OFFICE: HUNG HONG.

BOARD OF DIRECTORS. Hon. Mr. J. J. Paterson Chairamo.

|`INDIA, AUSTRALIA & CHINA

Innorpoesied by. Bayal Charter, 1963,

HEAD OFFICE: LONDON

Reserve Liability of Pro-

,000,000 Oversea

$3,000,000

„£5,000,000

Agencies and Branches:

Paid-up Capital

$10,000,000

Reserve Find

..$20,000,000

prietors

Alor Star.

Hodo

Lates

Bengkok

Itachi Bang

Bombay

Chicatio

Annie Lustspur

Canton

Kuching

Cawnpore

Mandra

Cabu

Hanita

Rangoon Saigo Sadarang Server Duk Shanghai tungsborn butions Purabaya Тарик

Cuicato

Yan

Tw

Delhi

New York

Peeping

Toughah

(Flanket)

(ing)

Tangtao. Yokohama Zamboangs

G. Miskin Esq...

Deputy Chairman,

A. E. Compton. Esq..

Hon. Mr. S. R. Dodwell,

M. T. Johnson, Esq...

J. E. Masson, Ess. Morrison. Es

ANDY

K.

T. E Pearce, Esq., A. L. Shields, Esq. V. M. Grayburn. Eaq.

Chief Manage.

BANGKOK BATAVIA

CALCUTTA

CHSPOO

COLOMBO

POOCHOW

HAIPHONG RAMBENO HANKOW

KARMIN

HONG KEW

10120

JTUE

JOHORE

KOBE

KOWLOON

BEANCILES 20

FUALA LUMPUR -

LONDON

MALACCA

MANTRA MÜARVZoboes)

MURDER

NEW TORX

PEIPING

PENANG

RANGOOK

SAIGON

SAN FRANCISQU

SHANGHAI

SINGAPORE

HOUBABATA

SUNGE PATANI

TESTIN

TOKYO

TSINGTAO TOECHAXS

Current Accounts opazeć in Local Openingy and Fixed Deposite reostrad for you year or seder Denods to Loowl Currency,sud birting en forinne which will be goosed on appliosion.

1150 up to dan ELFE DEPOSIT BOʻLAS is Marcos som TO LET.

Hong Kong, 24th February, 1936.

HONG KONG SAVINGS BANK

The Business of the above Fank in podovrać the BONG KONG AND SHANGRA BAXK- KO CORPORATION. Baies may be ableĺnné on application

FOR THE HONG KONG AND SHANGHAI SANKING CORPORATION,

V. M. GRAYBURN,

Chaal Monger. Hong Kong, 24th February, 1936.

THE BANK OF EAST ASIA, LTD.

Aukurived Cupita!

Tand-up Capital

..$10,000,000.00 $3.50.000.00

Best and Cadivided Prod$258.14

HEAD OFFICE:-HONG KONG.

20. De Veux Bond Centzum

Haiphong

Hank

Hamburg

Harbur

Bong Bons

Penang

THE CHINA-MAIL, WEDNESDAY, JANUARY 13, 1937

and

Commerce

Finance

NEW ADVERTISEMENTS

DIVIDEND · NOTICE -

HONG KONG & SHANGHAI BANKING CORPORATION

Investment Income THE Directors of the Hong

LOCAL SHARE MARKET

Sir Robert Kindersley in the current zumber of the "Economic Journal" "continues his calcula- tions of the income derived from British foreign investments For the year 1934 he estimates that the total of British capital invest-local ed abroad (which compriser pïï-to-day. vate investments as well as funda) placed in Government-and muni- tipal loans and in companies re-

Forses Exchange and Genset Banking istered at home and abroad) amounted to £3,714,000,000, against

transected.

Current Advanta opened and Fizad Deporte received for one year or shorter paric£,666,000,000 at the end of 1933, which will be quoted on application.

an increase of £18,000,000. This in-

Lunculan

and Trustee busi

And

The Bank's Band Othos is Looden andrecludes an excess of new issues woowary of Beisial Income Is overpaid over repayments of existing loans

of £21,000.000 in 1934.

From this capital there was re- Manager.ceived in 1934 a total income of £159,200.000. against £149,700,- (000-în 1993, and the tentative esti-

Įserts which may be macertatzed må ung of sm

Agrocise and Broches.

A. BREARLEY,

Hong Kong, 1st January, 1933.

THE CHINA & SOUTH SEA BANK, mate is made for 1935 of £167,900,-

LIMITED

(Incorporated in China) Head Office-Shanghai

Capital Reserve

.$7,500,000.00 $1,500,000.00

Branches -- All Important Cities m Ching

000, which is nearly up to the figure for 1931 of £168,700,000. Given the absence, he says, of ma- jor international political distur- bances, there is every reason to hope that overses investment in- come during the next few years

Fesign Exchange and General Banking Businewill rise more rapidly towards the level attained in 1929, for which

Lenov

Current and Swring Ancounts opened and Fized

Deposite rested for one year or mortar pads rear he computed the Agure s

rain which will be growed an application. $290,900,000.

SOU L. CHANG,

HONG KONG BRANCH:

. Das Varox Boad, Central,

Manager's Off

Formiga Exchange Dept.

General Con Cesar's O

ed

3300

THE WING ON BANK, LTD.

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

The estimate is based on the view that the prospect has been greatly improved by recent car- rency changes in the former golč bloc. Moreover, the raison d'etre for prohibitive tariffs, quota's and other exchange restrictions will. slowly disappear.

Hopes for a gradual removal of these obstacles to internationzi | trade may be entertained. Fears LONDON BANKERS:-

that the adverse trade balance is Westminster Bank, Ltd. likely to grow faster than the in- Foreign Exchange and every des-visible exports may prove to be cription of benking business transset- unwarranted. Though a moderate deficit in the balance of payments Current Accounts and Savings Ac-in 1936 seems probable,

Fixed Deposits derate surplus may be hoped for in Sap ng Tiong Chu ton, Eag, and Ian Imejceived at rates which will be quoted

jon application,

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

PHILIP COCK CHIN, Chief Manager.

30LED OF DIRECTORS

-

Hon. Sir Show Chow, Chairman; L

Chwa. Eng. P. K. Kwok, Esq. Wong I'm Julie Lagu Chan Ching Soak, Esqu_El_De counts opened.

Kau Zung Po, Enc. Chief Manager.

In The Fool. Zaj, Katagat.

BRANCHES AND AGENCIES :—

Manija Melbourne

مشهرته

Destrie

BRATAR

barbay

Nagasaki

Calcatta Cantos Haiphong

Ja Xock

Swagb soppors Soundsys

Furia

Sw

Haakow

Paples

Moosehaka

POBLES

Tiong

Fabe

Bangoon

Bowlcom

Saigoo

Tokyo

Loodem

Dan Francisco

Fassonver

Tololema

*ytney

Irry cription of banking and Exchange

boczona transched

Louse genstad, an approved,

in Local CarDay

CUMMA Bocouple 099aeed for ace your or

and Find Deposits

sherter paroda "in Local and Foreign Currencies on terma which will be quoted on application.

Safe Deposit Boke To Let,

TAN 2030 20

Chief Masngst.

THE YOKOHAMA SPECIE BANK

LIMITED

Established 1680'

•

THE MERCANTILE BANK OF

INDIA, LTD.

!

HEAD OFFICE:

15. Ganch

Authorised Capital

Strert, London, I.Cit

£3,000,000 1,800,000 1,050.000

Subscribed Capital Paid-up Capital` ...

Reserve Fund & Rest .. 1,247,830

BANKERS:

The Bank of England & Sidland Bank, Isd,,

BRANCHES:

Bangkok Boobay

проб

New York

handy

P

Karachi

Colorbo

Sota Bharu

(i)

Delhi

Ausis India

Hangoon

Songhai

KON

Howrah

Kuala Lumpur

Kusnica (P-buc) Singapore Staúrne

HONG KONG ELLSCE.

Every description of Banker and Exchange

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

Reserve Fund

Yen.130,900,000

Head Office: YOKOHAMA

Branches and Agencies at

Alexandria

Bangkok Batavia

Berlin

Bombay

Calcatta

Centon

Dairen (Dainy)

Moji

Nagasaki

Nagoya

New York

Osaka

Otarts

Paris

Peiping

Fengtien (Mukden) Eangoon.

Hamburg

Hankow

Harbin

Hong Kong

Honolulu Isinking Karachi

Kobe

ondon

Jenila

jos Angeles

ן

Rio de Teneāra

San Francisco

Seattle

Semarang

Shanghai

Singapore

Sourabaya

Sydney

Tentain

Tokyo

Tsingtan Yingkow Interest allowed for Carent Ac-

Deposits received for fixed periods. rates to be obtained on applica

Z. KANO,

Manager. Hong Kong, 13th November, 2:36.

*THE

HANGHAI COMMERCIAL &

SAVINGS BANK LIMITED

Giscorporated in China)

pital paid up

Phone 2:116.

$5,000,000.

Translers Chegons instal

Truses and Exoctor bija undertakez. INTEREST Allawed on Current Accunde (nod Fund Deposits at Bates that may be ascertained fco apposition

B. Et) %.

Monger.

”, Quan ̋s Bond, Cenciest,

Yong Kong, 2005 July, 125,

a mo-

the adverse trade balance is ar

LOCAL DOLLAR

STEADY

Silver Prices Vary

The following was the list of share quotations issued

Banks

H.K. Bank $1870 s. 1870 sa. H.K. (Lon. Reg.) £112 z. Chartered Bank £16 ri Mercantile Bank A. and B

* PEMASS

Mercantile Bank C. $14% Bank of East Asia $33 n.

Insurances

Canton Ins. $310 z Union Ins. $615 b. China Underwriters $1 n. HK. Fire Ins. $300 m. International Assce. Sh. $31⁄2 ¤.]

Shipping

Douglases $30 1. H.K. Steamboats $7.40 n. Indo-Chinas (Pref.) $35 1. Indo-Chinas (DeL) $36-m Shells (Bearer) 135/- n. Union Waterboats $10% m.

Docks, etc. HK. and K. Wharves $1061⁄2 HE. and W. Docks $141⁄44 b. Providents (Old) $1.70 n. Providents (New) 20 cts. 1. New Engineering. Sh.$4 n. Shanghai Dooks Sh.$90 n.

Maing Kailan Mining Ad. 16/3 n. Raubs $12.85 m., Venz. Goldfield $8 n

Lands, Hotels, etc.. HK and S. Hotels $6 HK Lands $34 a

HK 4% Debentures $105. Shanghai Lands Sh.$16 n. Metropolitan Lands Sh. $10 m. Humphreys $934 b.

HK Realties $4.60 Chinese Estates $76 n China Eealties Sh.$4 n China Debentures SE$60 PHILIPPINE MINING

Closing Bates Sales

Antamoks

Atoks

Baguio Gold Balatoc Mining Benguet Consol Benguet Explor Wedge

Mines

The local dollar is steady. operidions

ling on demand this morning st

1/2

Ipo Gold **Spot" silver fell to 21%, while Min. Bese. Mambolao forward" was down to 20-15/16.

LX L The London on New York cross togons rate was quoted at £---U.S.$4.914, Masbate Consol while the New York on London Northern Mining

Paracale Guzarys | cross-rate was quoted at

Salacut Mining [D.S$4.91% as compared with San Mauricio |U.S.$4.91--

QUALITY PRINTING With Quick Service

THE NEWSPAPER ENTERPRISE LTD.

ORIEL MAR, BLÁS,

THE

AMERICAN EXPRESS

INC.

COMPANY

Incorporated with Limited Liability in USA.

REICHMARK TRAVELLERS

CHEQUES

ON SALE AT

ADVANTAGEOUS RATES

Office:

Kong and Shanghai Banking Corporation announce that, sub- ject to audit, the dividend for the half year ending 31st December, 1936 will be:-

Dividend -per share ·at 1/27/8.

Write off Bank $1,000,000.

"And carry forward year about $3,340,000.

Premises

to next

New York Share Market

Messrs. White, Well & Com- pany, New York Correspondenta for Messrs. S. E. Lery & Com pany, report

Stocks: We expect continued) unevenness in the Stock Market pending settlement of the auto- mobile strike and we consider the present period a good chance

to

accumulate good stocits gradually, including motor issues. Í Resumption of normal auto pro-] dnction is not expected until the Government intervenes and suc ceeds in persuading the Labour unions to accept a compromise. This should cause cancellation of the planned steel and coal strikes, thus clarifying the entire labour situation.

The prospects for railroads for the coming year are good, the most attractive being the best Western Roads and the Great Northern Railroad.

metal

We would defer purchases of oils and protect profits. The re tention of non-ferrous shares is justified.

Business shares.

Wheat:-It was rumoured 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

18 DAYS HONG KONG TO VANCOUVER

via Honolulu, "the Paradise of the Pacific"

29 DAYS HONG KONG TO UNITED KINGDOM (via direct connection]

EMPRESS OF CANADA.

SAILS FOR VANCOUVER vir SHANGHAI JAPAN

& HONOLULU AT NOON TUESDAY, JANUARY 26th.

For Information Apply To Your Own Agent Or

Canadian Pacific

SPANS THE WORLD

Tel. 20752

Sede: -3,560,000 ADVICE TOession which, words in the me

this market to-day that Great Britain may buy large supplies of wheat as a defence measure and market this factor bulled the

10 am. Local Total sales:-25,231,000 bushels. in Pesos Corrency Copper:--Speculators appear to

1.75

52

271

14%

.07%

9

1.80

1.75

Suyoc Consol

United Paracales

1.50

Coco Grove

G. Goldfield

E. Mindanao

36 38.67

Public Utilities H.K. Tramways $12.90 s Peak Trams (old) $61⁄2 n. Peak Trams (new) $2% n. Star Ferries $93 n. Yaumati Ferries $25

China Lights (Old) $13.60 2.

C. Lights (New) $10.40 sa. FK. Electrics $56 Macao Electrics $20 m. Sandakan Lights $10 n. Telephones (Old) $9080 s. Telephones (New) $10% n. China Buses Sh.$111⁄4 n. Singapore Tractions 271– n. Singapore Pref. 27/- 1

Industrials

be dominating the market. Pro- ducers are not selling and wider fluctuations seem likely.

em

B.B.C. ON STAFF CONTROL

selves to blame for the unfortunate

morandum have" "given.”

Fierce Publicity

The view is expressed that in nearly every case of which Mr. Lambert complained after March 6, he was wrong and the BRC..

INQUIRY BOARD'S right, and that Sir John Reith,

FINDINGS

Sir the Director-General, and Stephen Talents, Controller of Public Relations, exhibited the

NO PERSECUTION greatest patience and toleration.

"The matter already being in the hands of the chairman and

Cotton:-We continue to Iphasise the fact that cotton prices

A suggestion that the B.B.C. Jare lagging far behind the prices of other commodities and we look should consult the Civil Service vice-chairman, Sir Joby Reith did for further improvement. Be and business organisations on staff not take it up personally with Mr. Lambert; but he told us that look- ports from the cotton-cloth trade problems is made in the report |

continue to be good and this com of the Inquiry Board appointed by ing back he regretted that he had bined with increased speculative the Government to investigate al-done so, and we share his re- activity lends strength to the marlegations made in the recent slander Set

Reference is made to the “fierce

ket

action of Lambert v. Levita

The main conclusions

COMMODITY PRICES Board are:

ut

the

"We reject entirely Mr. Lam-

light of publicity in which the B.B.C. lives, and which makes it nervous of criticism."

After quoting the words of

The following quotations have bert's theory of persecution." witness at the inquiry that the

been received by Beuter-r

July

Cald., Marg. (Ord.) Sh.$191⁄2 1 July Cald, Macy. (Pre) Sh$15`n

The actions of B.B.C. officials Prev. Yesterday were done in the honest belief that BBC. is "front-page news," the Closing Closing they were in the interests of the Board adds that it would be sur- prising if the essential differences

B.B.C.

"Whether they were wise actions in staff conditions had not set up We are strains in the BBC which were is another matter bound to record our opinion that unknown in the Civil Service.

The proposal is then put forward they were ill-advised in many of

the things which were done dure that it should be roade clear to the ing the period up to and inclad-corporation that the experience of ing March 6; and when we speak the Civil Service in staff matters of the BBC in this connection we was available to them. refer both to the Governors and to the officials concerned.”

The slander action followed a statement by Sir Cecil Levita to Mr. Gladstone Murray, at the time B.B.C. Assistant Controller of Mr. Lambert was 1344 Programmes. 1162 awarded £7,500 damages with 11234 costs

THE NEW STAMPS

NO ISSUE FOR SEVERAL MONTES

an interval * There will be Of the B.B.C. memorandum of several months before postage 108 March 6, warning Mr. Lambert stamps bearing the head of the 103% that there was a serious danger new King are issued 102% that he might prejudice his post-

New York Cotton: January

12.34

12.45

March

12.44

12.50

May

12.31

12.39

July

12.24

12.33

¡October

1184

11.95

December

11.86

11.96

Spot

13.03

18.09

New York Bubber:

March

22.44

22.25

May

22.28

22.00

22.10n 21.85

September

22.03

21.750

December

21.97

21.63a

Chicago Wheat:

May

133 1164

September

1127%

Chicago Corn:

Cements: $11 sa.

May

FLK. Ropes $21⁄21⁄2 n.

Stores, etc.

July

September

107% 103 102%

Daily Farms $271⁄21⁄2 b, $221⁄21⁄2 sa. ¡Chicago Corn: Watsons. $472&

Lane, Crawfords $6% n.

Sinceres $21⁄2

Wing On (HTN) (50

May

Cotton Miles

July

106

12834

107

Shanghai Cotton (Old),Sh.$86 July

2.

12374

October

112

Shanghai Cotton. (New) Sh.$60

BAT ACCOUNTS

Canton Ices 2.05 m.

Ewo Cotton Sh$15% by $15.85 Winnipeg Wheat:

sy

Zoong Sings Sh.$31 m. Wing On Textiles Sh.44

Miscellaneous

Entertainments $43% n.

Constructions (Old) $1% më

Constractions (New)"; /

$500,000. $500,000

Vibro Piling 351⁄2 1-

No. 4, Des Voeux Road

Chi-Govt- 5% 1925;G.$Bás.

93%. #

Central

At present only three-quarters tion if he proceeded with his ac-of the 20 million-stamps daily New New

bear the head of King Edward tion, the Board states:

of Contracts Contracts The language of the warning VIII; the remainder, stamps Opening Closing was not happily chosen, and the higher denominations, still have.

110% 111 wing itself was given with a King George V's portrait,

The first change is likely to be imperfect realisation of the na ture and weight of Mr. Lambert's seen on mail-vans. Nearly all of 128grievance, and with an altogether these now carry the Insignis "E.R. 1/8 exaggerated notion of the possible VIII The transfer with the new 1124 repercussions of the case on the letters is likely to be in use within

B.B.C. The BBC have only them-a week or two.

Pillar-boxes will bear the new significance, as this item in the King's initials caly when the old In accordance with its custom, balance sheet includes deposits boxes have to be replace Since the report of the British American and carrent accounts with asb King Edward VIII came to the Tobacco Co. Just issued makes no sidiaries and associates. The ex-Throne last January only two new reference to the business of the pansion of debtors from £1553206 boxes have been set up. past year. The ability of this un- to 1,719,364 seems to be explain

dertaking to increase its net pro-led by an increase of £207,000 in Ending a period of 18 years ze- fita by £72,585 at £5,541,755: (as al-Jabort Joan deposits. Stocks at sidence in the Far East, and in ready announced) indicates that it 13,468163 compare with £5,346,- Hong Kong in particular, Mr. C. IK Govt: 45% Loan 8% prem has been more than able to hold 282, investments have the up Benson, General Manager of its own in troubled international|sive sgure of 28,120,538, meainst the American Express Company, 34 conditions,"

1627,711-778, and in speciated comIncorporated, for the Far Easte ** A rise from 27,362,323 in credi-panies 95,737,244, against 45,511, will leave for the United Stator tors to $6,070,901 may hace little 637.

Jon January 26 with his wife

ELE GOOL 3% Loan

Wallace Harpers 34 n.