1937-01-14 — Page 12

2

BANKS

HONG KONG AND SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital

..$50,000,000}

Issued and Fully-Paid-up. 20,000,000;

Reserve Fands>---

Sterling ...

Hong Kong Currency

Reserve

£6,500,000

$10,000,000

-$20,000,000

Reserve. Liability of Pro-

prietors

HEAD OFFICE: NONG KONG,

BOARD OF DIRECTOES

Hon. Jr. J. J. Paterso21.

Chairman.

G. Miskin Esq.,

Deputy Chairm

A. E. Compton, Esq..

Hon. Mr. H. Dodwell, MT. Johnson, Esq.,

J. R. Masson," Esq.

ANOT

KS. Morrison, Esq, T. E. Pearce, Esq. A. L Shields, Esq.

V. M. Grayburn, Esq.

JANGKOR BATAVIA KUMBAY CALCUTTA CANTON CHEYOO COLOMBO DAIREX TUOCHOW

HAIPHONG

HANECRO

HANKOW HARRIN

Chief ManagSE.

BRANCHES-

►

HONGFEW

ILOILO

4

KIFORE

ходк

KOWLOOK

KUALA LUMPUR

LONDON

LIONS

VALACCA

MANILA

INDIA, AUSTRALIA & CHINA

Incorporated by Royal Charter, 1863.

HEAD OFFICEŠ LONDON

Pild-up Capital

Beserve Fund

£3,000,000 £3,000,000

£3,000,000

Badgaon

| Reserve Liability of Pro-

prietors

Agencies and Branches:

Alor Sta

Anituar

Bangkok"

Dain via

Боколку Calcate

Canton

Campore

Madona

Ziara

Hoito

Ipak

Xarachi

Nakayang

Sareta been

Tanghal

Sama Tantapur

Singroom

Koohing

SIAPLA

Sourabaya

duping

Cainesho

Kew York

Tongkah

Haiphong Hamborg

Piping

(banka)

Tanging

Yoiniums

Žembanga

Caba

Ba

Long Long

Xaoils Medias:

Penang

Formigo Zrchange and General Banking busitwas

Sastanciado

Current Läronents opened and Fixed Deposita reserved ler que year ́ve shorter periods at retos | vhach wit be quoted on 'applicazion

The Bank's Head Ofice in London undertakes Executer and Trustee business and cisima zoovary of Betish Jamsun Tan overpaid, on

Águacím und Bešnodes.

A. BREARLEY,

CAR (Jobor!

MURDER

NEW TOOK

Kanager. Hong Kong, 1st January, 1935.

PEPING

PESANG

BANGOON

SAIGON

SAN FRANCISCO

SHANGBAT

SINGAPORE

SOCRABAYA ·

SENGE PATANI

TIENTSIN

TOKYO

-TRINGTAO

YOKOHAMA

Cara Bonta opened iz Local Currency and

Fund Depot recasted for our your

pozude in Loeal Currency and Seeing

which will be quoted on spplication

a

1950 up to die SAPE DEPOSIT BOLEN in warts TO LET.

THE CHINA & SOUTH SEA BANK,

LIMITED

(Incorporated in China) Head Office--Shanghai

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

Capital Reserve Branches - All Important Cities m

China

Foreign Exchange and Generi Basting Busine

Hong Kong, 24th February, 1936.

HONG KONG SAVINGS BANK

The Buring of the above Bank in condoria

the BONG KONG AND SHANGHAI BAXX. 15% CORPORATION. M may be obtained BONG KONG AND BRANGHAI

JANKING CORPORATION.

Y. DRAYBURN,

Chief Manage. Hong Kong. 24th February, 1936.

THE BANK OF EAST ASIA, LTD.

Authorized Capilar Fud-up Captai

$10,000,000.00

$ 4,800.00

Emers and Undivided Protis - 2,686,296.72

HEAD OFFICE-HOKO KONG.

10, D Your 'Bead Crates).

www.cam.com

BOARD OF DIRECTORS—–

Hon. Sir Showson Chow, Charman: Li Econ

Chat, Esq. Kwok a

Two Leg Chan Ching bak. "Emq.. Vi Sang. Eng. Wong Cho con, Eng, and Lax

Fa. Eng.

En Tung Po. Ex- Chief Madagur.

Im Fong Manage

BRANCHES AND AGENCIES —

Manila

key

Seattie

Batavia

Melbourne

Semarang

Bombay Calcu

Nagamid

Puigbes

New Xoch

Singapore

Canton

Saurabaya

Haipboo

Paris

Zalow

Hakow Boodle

Hangou

Tienimin

Kowloon London

**'okyo

den Frecciaco

Vancouver Yokohama

Kryping

Sydney

Taho

Chief Manager.

Curres and Suring dozouzle opened and Fixed Depoxide received 200 cam yue of shorter perioda at rate which will be quoted on appication

SOU Z CHANG,

HONG KONG BRANCH; 2. De Vores Boad, Central.

Manager's Office Yang

Excbangs Dapt

Get U Cashier's Office

Manager.

TAL 23505

23060

వివ

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-

ed.

THE CHINA MAIL, THURSDAY, JANUARY 14, 1937

Commerce and Finance

LOCAL SHARE

MARKET TO-DAY'S QUOTATIONS

H.K. Bank $1870 b., $1865/1870!

83.

H.K. Lo Rer.) £113 b.

LOCAL DOLLAR STEADY

Silver Prices Fall

UNITED MOLASSES

COMPANY

INCREASING USE OF FLEET IN FAR EASTERN TRADE

BUSINESS DIRECTORY

ENGINEERS & SHIPBUILDERS

W. S. BAILEY & CO., LTD.

Kowloon Bay. Shipbuilders & Repairers Call Flag "L" Sole Agents for Kelvin Motora-

CLASSIFIED ADVERTISING

The 11th annual general meet- utilised the proceeds towards the ing of the United Molasses Com-1cost of zequiring the controlling! pany, Limited, at Winchester interest in Mache and Sons Ltd. House. Old Broad-street, London, sugar refiners, Liverpool with

last! whom we bad. during the The local dollar is steady, open-E.C.

The chairman dealing with the few years, built up close and pro- The following was the list of ing on demand this morning at

company's investments in the sugar fitable business relations. 11/2%- issued quotations fiocal share

In the accounts before you only while industry, said that two years ago "Spot" silver fell to 21 to-day-

forward" was down to 20%- we acquired a substantial share the proportion of Marie's profite. Banks

The London on New York cross-interest in the Ely, Ipswich and seruing from the date of acquisi-} rate was quoted at £-US$4913. King's Lynn Beet Sugar Factories, tion by the company is included while the New York on London but under the Sugar Industry (Re for the past year, the proportion cross-rate was quoted at organisation) Act, passed this of profits accrued prior to ac

For the euTS/ Mercantile Bank A. and B. US$4.91-3/16 as compared with year, these three factories, toge quisition having been credited to

\6_US.$491.

ther with all other British bect investment reserve. sugar, factories, were amalgamated rent year we shall, of course, be into the British Sagar Corpora- able to include a full year's pro-! the fits on our shareholding. We have tion Ltd. In exchange for

the reason to believe that the return company's shareholding in

we on the investment will prove more three companies referred to received shares in the new cor-than satisfactory, but I should like poration, of which I am a directo make it clear that, apart from

this, there are substantial advant-COMMERCIAL TRAINING given in owning Book-keeping; Shorthand, Typewriting

counts opened. Fixed Deposits re

Current Accounts and Savings Ac-|

Tintceived at rates which will be quoted|

[on_application.

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

PHILIP GOCKCHIN,

Gopes

Gupca

Chief Manager.

THE

INC.

Chartered Bank £16 n.

£3234 n

14% n

Mercantile Bank C. Bank of East Asia $83 n.

Insurances

Canton Ins. $310 1.

Union Ins $615 b.

China Underwriters $1 n. HR Fire Ins. $300 n. International Assce. Sh. $3.

Shipping

:

Douglaser $30 H.K. Steamboats $7.40 n. Indo-Chinas (Pre£) $35 n. Indo-Chints (Def.) $36 D. Seils (Bearer) 137/6 n. Union Waterboats $10% n.

Docks, etc. HK. and K. Wharves $106. EK. and W. Docks $14 b. Providents (Old) $1.70 n. Providents (New) 20 rts. aer New Engineering Sh.$4 n. Shanghai Docks Sh.$90 n.

Mining

Kailan Mining Ad. 16/3 n. Raubs $285 2.

Venz Gildfeld $8 a.

Lands. Hotels, etc.

H.K. and S. Hotels $6 sa. E.K. Lands $31 n.

H.K.4 Debentures $105 . Shanghai Lands Sh$16 m Metropolitan Lands Sh. $10 n. Humphreys $94 n. H.K. Realtics $4.60 . Chinese Estates $76 n. China Realties Sh.$4 n. China Debentures Sh.$60 n.

PHILIPPINE MINING

Clesing Rates Salez

Antamoks

Atoks

2240,34438 Paracale Gumans

10 am Locsi

in Pesos CarTENCY

8

RAW RUBBER Latest Quotations From Singapore

Twenty-Are Words three inser-] tions prepared $1.50. Every ad- ditional word five cents for three: insertions.

All replies under this heading must be called for.

TUITION GIVEN

Messrs. H. E. Joseph & Co., re- tor.

There was no special reason why ages connected with our the ceived

following quotations

Car-your company should continue to the controlling interest in Macfie's and Business routine. Fees Moderate from Singapore in Straits

Industry (Re-Apply 6 Almi Villas, Austin Road, The Sugar hold so large an investment in rency for Raw Rubber:

what is virtually & Government-organisation) Act, in conjunction Kowloon

¡Spot

Apr./June

July/Sept. ¡Oct./Dec.

the

industrial agreement

Ltd

MISCELLANEOUS

Buyers 37 Unchanged controlled corporation, permitted with

be- Do to earn only a small, although prac-which is being entered into 37%

tically guaranteed, dividend. Your tween the sugar refiners and the 37 Up 37% Unchanged directors, therefore, disposed of a British Sugar Corporation

to come YOUR VISITING CARDS neatly and portion of this investment and should for some years

|promptly printed. -- "China MaiI** ensure friendly and harmonious:

Usice, No. 3A, Wyndham Street. collaboration amongst the various Telephone 20052. sugar interests in the country. As (newcomers to the industry, it will

Market-Firmer.

BANK OF INTERNATIONAL

SETTLEMENTS PRESIDENT be our policy to do everything in

Amsterdam, Yesterday, ginning of May. Misunderstandings that

our power to foster such collabora- tion in all matters affecting

FOR SALE ...

the HONG KONG DOLLAR DIRECTORY 1935.—On sale at all Book-stalla and

run Wyndham Street.

It will be remembered that at/welfare of the Ezitish sugar at the Offices of the Publishers, 3A,

be

had arisen with regard to the future the session of the Bank of Inter-dustry. The agreement will of the connection of Mr. Tripp, national Settlements held in De-until the end of March, 1941, and President of the Nederlandsche cember. Mr. Tripp announced that we should at the very least

conditions ably stabilised Bank, with the Bank of Interna-he could not take over the Pre-able to look forward to tional Settlements. have been sidency for a second term.

At the same time, a motion was then cleared up by a report published !in the "Telegraaf" which says passed that the position of Pre-:

reason-

until

Tanker Position I gather that

shareholders

some

addi-

to

that Mr. Tripp will resign from sident and that of Chairman of the the Board of Directors at the be-Board of Directors would be sepa-would also welcome

rated. It was inferred therefore tional information in regard that he would give up one post and the large increase in the percent- age of profits attributable to the not the other.

earnings of the company's feet.

New York Share Market

The "Telegraaf now discioses that he is giving up both.

Trans-Ocean.

Messin. White. Weld & Com COMMODITY PRICES

pany, New York Correspondents for Messrs. S. E. Levy & Com- pany, report:→→

Stocks: There

a. heary under volame of trading to-day

was

The following quotations have been received by Beuter:-

Prev. Yesterday Closing Closing

the leadership of secondary issues, New York Cotton: but the averages dictate caution January unless better leadership

12.41 12.47

GENERAL NOTICES

THE HONG KONG JOCKEY CLUB

Annual Race Meeting, 1937

PANTRIES for the above will

E Tore at 200 pants on SATUR

I believe that most shareholders DAY, 16TH JANUARY, 1937, at are well aware of the important the Secretary's Office, Exchange part which the fleet has at all times Building. played in the company's activities.

Two-thirds of the company's capit

is invested in motor vessels

storage tanks, rail tankcars, mo- tor lorries, &c., all connected with transport. Your company is essen- tially a storage and transportation company, and it follows as a mat- ter of course that earnings must be larger when rates of freight are remunerative than in times of de- pression in the tanker market. The cif. selling price of molasses is largely influenced by prevailing freight rates, and high tanker freights, therefore, affect not only

By Order of the Stewards,

C. E. BROWN,

Secretary.

Hong Kong, 11th January, 1937,

KING GEORGE V SILVER JUBILEE STAMPS

in complete sets

MAURITIUS

1.75

52

Baguio Gold

284

Balatoc Mining

1414

Benguet Consol.

Benguet Explor.

.19

Big Wedge

Demonstrations

Ipo Gold

12.45

Min. Resc.

asserts

March

12.50

Twin Rivers

.66

IX. L

1,65

New York

Itogons

1.75

Masbate Consol.

.54

U.S.$6,000,000,00

Northern Vining

20

84 1.39

897,612.65

Salacot Mining

07

12

San Mauricio: Sayoc Corsol

3.25

53

United Paracales

1.50

itself. We would be cautious with May regard to rails and utilities and July would play a waiting game pend-October

December ing definite news from Washing-

¡Spot ton, although far-sighted people New York Rubber: accumulating again seem to be

Business gradually.

done:

12.39

12.37

12.33

12:31

11.9%

11.90

11.96

1192

13.09

13.06

22.25

22.12

22.00

21.95

Coco Grote

88

21.85

21.85

Naples Pinnen.

G. Goldfed

391

21.750 21.73a 21.681

21.64m

b.

1341/ 1354 117% 116% 112

11214

1083A

108%

103%

103%

10234

103

New

New.

ed in carrying oil, and that this No. 10 Wyndham St.. condition would most likely con- tinue for the greater part of the current financial year.

These

the earnings of those of the com- SOUTH-WEST AFRICA

pany's tankers employed in carry- ing oil but also those employed ex- clusively in the molasses trade.

In The Far East

The directors felt that it might be of interest to shareholders to know that the company during the past year had an unusually large percentage of its tankers employ-

MINT and USED

also many others.

obtainable at

GRACA & CO.

Dealers in Postage Stampa,

Seeds, etc.

Hong Kons

Establish 1896 -..

Every cription of Banking and Etchange been transacted. Lows granted an appeareć Current Ascunse opened in Lonel OureDAY and Fixed Deposits waived for shorter perioda at Leon! and Foreign Carracion

se terms which will be found on application

Sale Deponis Bosma To

KAN TUNG TO,

AMERICAN EXPRESS COMPANY Consolidated Mines

Incorporated with Limited Liability is TBA.

Head Office-65, Broadway,

Capital

Surplus Reserves

THE YOKOHAMA SPECIE BANK Amsterdam

- LIMITED

Established 1880

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

Reserve Fund

Yen 130,900,000

Fend Office: YOKOHAMA

Branches and Agencies st

Alexandria

Bangkok

Batavia

Berlin

Bombay

Calcutta

Canton

Dairen (Dainy)

Maji

Kagasaki

Nagoya

New York Osaka

Paris

Peiping

Fengtien (Mukden) Rangoon

Hamburg

Hankow

Harbin

Hàng Rong

Honolulu

Hsinking"

Karachi

Kobe

London

Haris

Los Angeles

Bio de Janeiro San Francisco Seattle

Semarang

Shanghai

Sourabaya

Sydney

Tientsin Tokyo

Tsingtan Yingkow Interest allowed for Current Ac- counts.

Aathing

Basin Berila

Bombay

Bria

BRANCHES:-

Glasgo The Haga Havan Hamburg

Heidelberg Interlaken Jerusalemo

Paria Priping Botterdam

m

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

tious.

Y. KANO,

Manager."

Hong Kong, 13th November, 1935.

THE

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China);

Capital paid up. $5,000,000. Reserves

$7,500,000, Capital Savings Dept. $530,000. Reserve Savings Dept. $500,000.

Send-Office-Shanghai ^.

A Bank having as its mission

the industrial”, development on!. Chim and the fostering of her commercial relations abroad.

Hong Kong Offee.-.

4. Qomen's Rood-Central-

·Phone 3211S.

Caim Calvolta Canter Colombo Copenhage

Dublin

Bamburgh

Flore

Loadan

bresepool Luonno Lugano Lazar

KOD Car

Xanim

Munich

Mc traus

Boca

Shangha Southampton Singapore

Vienna Traies

Farich

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

All classes of Commercial Banking Transactions 'undertaken.

ied.

Personal investment accounts hand-

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

CEL BENSON,

General Manager.

PiPPERMINT

GET

always delicious with

crushed ice

iced water

GET-FRERES" REVEL (1) Garonne) FRANCE

Mindarao

Public Utilities

H.K. Tramways $12

Peak Trams (old) $6% 1. Peak Trams (new) $2 Star Ferries $93 n. Yaumati Ferries $25 n. China Lights (Old) $13.60 1. C. Lights (New) $10.40 n. EK Electrics $56 n. Macao Electrics $20 mi Sandakan Lights $10 ni Telephires (Old) $30 s. Telephones (New) $10% n. China Bases Sh$111⁄4 1. Singapore Tractions 27/- n. Singapore Pref. 27/- n.

Industrials Cald., Macg (Ord.) Sh.$194 Cald, Kacg. (Pref.) Sh$15 Canton Jces $2.05 .

Cements $11 E.K. Bapes $21⁄2 n.

Stores, etc. Dairy Farms $2214 b., $2276/3

Ke

Watson $42

Lane, Crawfords $6%1⁄2 n.

Sinceras $24 n.

Wing On (HX.) $30 x-:

Cotton Mills

Ewo Cotton Sh.$15% pa.

March May 3,080,000 shares.

July Wheat: The present strong World

September statistics alone would warrant ac December

Should any building Chicago Wheat: cumulation.

able.

up of reserve food-stocks by Euro-May pean Nations materialise, consi- July derably higher prices are inevit-September

Chicago Corn: Total sales:-34,031,000 shares. Mar Cotton: The cotton-goods mar-July

The fear of con-September jket is strong.

sumer price-resistance is fading Chicago Corn: and the advancing tendency of other commodities makes

cotton an outstanding exception which must eventually be adjusted by ad-May July

vances.

strike

Contracts Contracts exceptional conditions were brought about by last year's short supplies Opening Closing

of molasses in the Far East and 111 112

107% 107

Rubber: The motor

is Winnipeg Wheat: keeping most speculators on the May sidelines. Manufacturers are re-July n.ported to be good buyers and we October

expect a scramble for contracts when the labour situation clears.

WAR DEBTS TALK DENIED

Mr. Bullitt's Visit To M. Delbos

Paris, To-day.

1287% 123%

112

the consequent introduction of) Ctiban high-test molasses. Two of "1285 our tankers continuously employed would have been sufficient to carry 123% 112%

FRANCO-GERMAN

TRADE TALKS

SCHACHT CANCELS HIS PARIS TRIP

Berlin, To-day.

LAMMERT BROS.

AUCTIONEERS, APPRAISERS AND SURVEYORS,

the quantity of high-test molasses-Public Auctions

the t we' imported from Cuba to

United Kingdom last year, as

Etriers La Matine

Dombreau to sell by Public Auc- tion on

Thursday, the 14th. Jan, 1937 commencing at 1100 am No. 14 Hankow Road, Kowloon. (2nd floor).

A Quantity of · VALUABLE HOUSEHOLD

TURNITURE

against eight vessels which would THE Undersigned have received have been necessary to carry the equivalent quantity of blackstrap from the Far East

Fortunately the advent of high test took place at a time when there was no difficulty in obtain-fat "Trade negotiations between ing remunerative employment in France and Germany are at pre- the oil market, and, as mentioned sent being conducted by com-in the directors report, tanker satisfactory The American Embassy has is-petent experts. For the reason, freights continue at Shanghai Cotton (Old) Sh$85 sued an announcement dealing with Dr. Schacht, Reichsbankpresident, rates and present prospects are

Ja

the conversation which the Ameri-is not going to Paris for the pre- encouraging. Shanghai Cotton (New) Sh$60 can Ambassador to Paris, Mr. sent, owing to pressure of other By the end of the company's

b.

Bullitt had yesterday morning business," says the official Ger-current financial year we hope once again to have large Eastern-mp- with the French Minister, M. Del-man news agency-Reuter.

plies available for shipment to

· INITIATION PEELIMINARIES bos.

Paris, To-day. Europe. Java will in 1987 pro- Whereas the interview was re-

The French Ambassador to Ber-duce approximately a quarter of a Entertainments $44 ..

ported by the Paris "Soir" to have Constructions (Old) $1% n been very important, since then, M. Francois Poucet, held a million tons more molasses than in Constructions (New) 421⁄2 cts.question of settlement for war conversation yesterday evening in each of the two previous years. In debts to the United States was the Ministry of Trade with the addition to this, there will next

Zoong Singa Sh $31, n. 1

Wing On Textiles Sh. $44 b

Miscellaneous

On View from Wednesday, the 18th January, 1937.

Terms: Cash on Delivery LAMMEET BROS.,

Auctioneers. Hong Kong. 11th Jan., 1937.

4

With Quick Service

Vibro Piling 351⁄2 n.

discussed in detail, the American Trade Minister M. Bastid and the year be considerable quantities QUALITY PRINTING Ch. Get 5%. 1925 G.$Eds. Embassy states that the Ambas-Chief of the Commercial Agree available for shipment from India. These two factors combined make 98%

sador's call on M. Delbos was no-ments Section M. Alphand.

According to reliable souces, it reasonable to assume that, if the ELK Govt. 4% Loan 8% prema thing more than a courtesy visit,

since Mr. Bullitt had not the op- these conversations dealt with the demand keeps up, we shall from the ELK Govt 3% % Loan 3% portunity of speaking to the initiation of the coming Franco-autumn of 1987 onwards be able 8 German economic negotiations to employ the greater part of pren. b.

French Foreign Minister for

Trans Ocean.

our feet in the Far Eastern trade. Wallace Harpers $4 1.

considerable timeTrans-Ocean.

TER MERSPAPER INTERPRARE 199.