1937-01-15 — Page 7

BANKS

HONG KONG - AND SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION INDIA, AUSTRALIA & CHIKA

Authorised Capital He

0,000

Issued and Fally-Paid-up. 20,000,000| Reserve Funds:

Starling

£6,500,000

Hong Kong Currency

Reserve ......$10,000,000 Reserve Liability of Pro-

prietors

Agencies and Branches:

Jocorporated by Royal Charter, 1953.

HEAD OFFICE: LONDON

|Paid-up Capital

£3,000,000

Banerve Fund

£3,000,000

$20,000,000

| Reserve Liability of Pro-

prietors

£3,000,000

Alor Star

Boile

Baarung

Amster

Ipok

Bangkok

Launchi

Satheredg

Sercabe

Bomber Calcune

Shanghai

Kuala Lumpur

Singapore

CAO

Catacom Carbu Colema Bathi

Surabaya Tapsag

Madab

w York

Toogta

1

Haphong

Piping

Hamburg HADAY

Woking)

(odlet Zingto

PADADE

Zamboanga

- HEAD OFFICE: HONG KONG.

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

Chairman.

G. Miskin Esq. Deputy Chairma

A. H. Compton. Est-

Hon. Mr. H. Dodwell,

M. T. Johnson, Esq.

3. R. Hasson, Esg.

S. Morrison, Esq. T. E. Pearce, Esq-, AL Shields, Esq- V. M. Gray Barn, Esq. Chief Manage

KOT

KLMNBOX

MALAVIA

CLATON

CHAPOO COLUMBO

POUCHOTE

HAMBURG HANKOW

BUNGKER LOLA

JUHURE

JOBS

KOWLOON

BRANCHE:-

KUALA LEXPER

LONDOS

LYUNS

XALASCA

MANALA

MUAK (Jobon)

XULDEN

NEW YORK

PEIMING

PEDANG

RANGOON

SALON

SAN FRANCISCO

SHANGHAS

SINGAPORE

BULBABAYA

SUNGE FATAXI

TLZATEN

TOKYO

- TGTO

JURUKAMA

Current Accounts opsoed in ivos Curvery sad Fixed Dupont moived for on Jar o NDIHE

Barba

حافظ

Foreign Exchange and General Banking busiame

устны

Current Accable opened and Fixed Deponita receved for one year de abertat panada T which will be quoted-on application.

The Book's Bend Offos in Landon undertakan, Exc

bussions, and can mcovery of British Income Tax overpaide" "00 unegas "whjok 2007 de madermined at any s [Agrocans and Brinches.

A. BREARLEY,

Manager. Borg Kong, 1st January, 1935.

THE CHINA & SOUTH SEA BANK,

LIMITED

(Incorporated in China) Head Office-Shanghai

Capital Reserve

$7,500,000,00

$1,500,000.00

persed in Local Currency and breeding on teens Branches-All Important Cities m

ALTO LAT

OM DAVE TUPOLIZ BOTES in Hong Kong, 24th February, 1935.

HONG KONG SAVINGS BANK

The Beminees of the shore Back in Quadroteć by the HONG KONG AND SHANGHAI BANK- ANG CORPORATION, Pelas may

be obtained

FOR THE HONG KONG AND SHANGHAI BANKING COMFORATION.

V. M. GRAYBURN,

Casal Manager.

Hong Kong, 24th February, 1985.

THE BANK OF EAST ASIA, LTD:

-$50,000,000.00 Authorin Capica!..

$ 6,500,000.00) Pudup, Capital m limeriad Lalinded Pratite 2,686,226.50

HEAD OFFICE HONG KONG.

ID, D Vans Boad, Canzoni

BOARD OF DIRECTORS:-

China Foreign Exchange and Gwaral Banking Business | Lanacted

Carrer and Sewing scxcutie opeced and Zitud, Deyonate rrosivui lor car year or navesse parola ul. 26300 which will be quoted an appliación.

SOC Z CEANG,

Xange.

HONG KONG BRANGE: 3. De Varuz Boss, Content

Manager's Of

Fowig Ezolange Dapt

Geral OfCon

Cashier's c

Tel. 29563

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 tramacte

Has bir chouson Chew, Chairman; Lá Xoaned. Chu, Z. P. I. Iva Log, Frans You Tem q China Ching Bhat,Enqu_EA_ _Lam wanga Wong Căm 206, Esq. and Ang Ting F', Eng.

Xau Tung Po. Esq. Chief Maangat.

La Tao Fool, Logo, Masopu

Katarín

BRANCHES AND AGENCIES:-

Bembey

Calet the

Conta Halphong

Kobe

Xaw.com

Ladou

Maze

Melbourne

Nagk

N York

Owen

Patan

Faping

Penang

Kangoos

San Francisco

Bermeng

یں عالم

Singapor Sourate Swatem

Yosokame

Every action of Banking sad Kashango basis transected.. Louna pasted on apprević

Turim

Correct Boomate opened in Level Cazibey and Fixed Deposita el jurats JOHN AN aborier periods in Lonal und Foreign Eperoncim on vertbe which will be quoted on application..

Safe Deposit Boss To Let

YAN TUNG гo,

Chief Manage.

Current Accounts and Savings Ac- coreta, spezed. Fixed Deposits re ceived at rates which will be quoted on application.

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

PHILIP GOCKCHIN, Chief Manager.

LOCAL DOLLAR

STEADY

Silver Prices Fall Sharply

The local dollar is steady, open- ing on demand this morning" at|

THE YOKOHAMA SPECIE BANK 1/2-

LIMITED

Established 1880

Capital (fully paid-up) Yen.100,000,000 | Yen 130,900,000! Reserve Fand

Head Office: YOKOHAMA

Branches and Agencies at

Moji Nagasaki Nagoya

Alexandria Bangkok

Batavia

Berlin

New York

Osaka

Paris

Peiping

Fengtien (Mukden) Rangoon

Bombay

Calcutta

Canton

Dairen (Dainy)

Hamburg

Hankow

Farbin

Hong Kon

Hinking

Karachi

Henokala

Kobe

London

Mazila

Los Angeles

Rio de Janeiro

San Francisco

Sexttle

Semarang

Shanghai

Singapore.

Sourabaya

Sydney

Tientsin

Tokyo

Tringtan

Yingkow

Interest allowed for "Carrent Ac-

counte

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

tions.

Y. KANO,

Fiche Konz, 13th November, 1336.

THE

SHANGHAI COMMERCIAL & SAVINGS BANTALAMUTED:

** Encorporated in China)

Capital paid sup

Capital Savings Reserve

$5,000,000.

"Spot" silver fell to 20% while "forward" was down to 2011⁄2

The London on New York cross-| rate was quoted at £-U.S.$4.91, while the New York on London cross-rate was quoted at U.S.$491% as compared with'

THE CHINA MAH, FRIDAY, JANUARY 15, 1937

OMMERCE AND

FINANCE

LOCAL SHARE MARKET

TODAY'S QUOTATIONS

The following was the Hocal - sösre quotations

to-day-

Banks

CHINA'S 1936 RECONSTRUCHON EFFORTS UNDER REVIEW

China's efforts in the develop-ythe improvement of the prodne- ment of agriculture industry.tion of millet and other miscal- commerce, “mining, fishery and Janeous cereals

forestry in the year of 1986; are

{reviewed in a report issued by Mr.......

Farm Credit Bureau

| Wu -Ting-chang, minister of In-j To facilitate the eireilation of

dustries.

rural capital the Farm Credit

1. Agriculture. During the year Bureau was established with a the Central Agricultural Re-total capital of $50,000,000 borne! search Bureau and the Rice and in equal portions by the National Wheat Improvement Station were Government and the sponsoring responsible for the improvement banks. The Bureau has considered of of technique in their respective plans for the stablishment of co- issued fields. In Kiangsu, Anhwei, and operative treasuries, according to Central Co-operative Hunan improved rice seeds were which a

provincial treasuries planted in $1,038. mow: of land. Treasury.

list

HA (Lon. Reg.) £114.h Chartered Bank £16 n. Mercantile Bank A. and

Mercantile Bank C. 1634 Bank of East Asis $83 n

Insurances

H.K. Bank $1970_b. $1870/1830 | while. 14,000 piculs of such seeds and hsien-treasmies will be estab- were selected, ready to be planted lished with a capital of $10,000,- in no less than: 200,000 mow of 000, $1,000,000, and $100,000 res- land upon the advent of pectively. It has also mapped out spring. In 23 hsien in these three scheme for the establishment of ja network of granaries throughoutį experimental farma provinces were also established. Even better the country with an aggregate results were achieved in the plant-capital of $17,621,344 and capable ing of improved cotton seede. Aof storing about 200,000,000 picuis

¡of cereals. rich cotton harvest” was reported

A unified administration of co- in North China and along the

was in- Yangtze River valley. Meanwhile, operative enterprises

stituted Training of personnel, experiments were conducted in

promotion of co-operative. educa- tive and improvement of technique | were stressed.

Canton Ins. $505 82. Union Ins. $615 bù, 620 sa China Underwriters $1 m. HK Fire Ins. $300 n. International Assce. Sh. $32 1. Shipping

Douglases 480 21.

HK. Steamboats $7.40 z. Indo-Chinas (Pref.) $$5 1. Indo-Chinas (De£) $36 n Shells (Bearer) 136/3 n.... Union Waterbosts $1011⁄2 s.

Docks, etc. -

H.K. and K. Wharves $1061⁄2 m. HK. and W. Docks $14 b. Providenta (Old) $1.56.188. Providents (New) 20 cts: 1. New Engineering Sh.34 m. Shanghai Docks Sh.390 n.

Mining Kailan Mining Ad 17/1. Raubs $12.88 mi

Venz. Goldfield $8 n.

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

HE 4% Debentures $105 m. Shanghai Lands Sh.$16 n. Metropolitan Lands Sh. $10 E. Humphreys $91⁄2 2. H.K. Realties $4.60 n. Chinese Estates: $76 n. China Realties Sh.34 n. China Debentures Sh.$60 a.

PHILIPPINE MINING

Closing

Bates Sales

Antamoks Ateks

China-Lights (Old) $13.20

$13. $13.40 sa

C. Lights (New):$10.40 n. HK. Electrics $66 1. Macao Electrics $20 m.

Sandakan Lights $10 n. Telephones. (Old), $30% & Telephones-(New) $10% n. China Buses Sh.331% 1. Singapore Tractions 27/- n. Singapore Pre£ 27/- 1.

Industrials

b.

"

Cald, Macg. (Ori) Sh.#191⁄2 n. Cald, Macg. (Pref) Sh$15 1. Canton Icés $2.05 1. Cements $11 H.K. Ropes $24 m.

Stores, etc. Dairy Farms $224

sá

Industrial Technique

2. Industry. Improvement of in- dustrial technique may be seen. from government encouragement| of industries and granting of patent rights for new discoveries and inventions. According to sta- tistics, up to the end of last November a total of 29 articles: had been patented, 11 articles labelled for exclusive right of manufacture, 19 articles exempt from import duty and 17 articles granted reduced transport Charges.

One of the major industrial en- terprises planned during the year was the Central fachine Works 2234 with an initiating fund of $600,000 Jand an equipment fond of £128,-

Watsons $4. Lane, Crawfords $6 m. Sinceres $22 D Wing Or (EE) $50.

Cotton Mills Ewo Cotton Sh.$15.65 sa. Shanghai Cotton (Old) Sh.485 Shanghai Cotton (New) Sh$60

b.

D.

Zoong Singa Sh.431 p.

✓

CANADIAN PACIFIC

WORLD'S GREATEST · TRAVEL-SYSTEM;

EMPRESS of JAPAN EMPRESS of ASIA

EMPRESS of CANADA EMPRESS of RUSSIA

Maintain a regular service to Vancouver Empress of Japan and Empress of Canada sil vis Honolulu and Empress of Asia and Empress of Russia via the direct express route.

Air Conditioned sleeping cars and observation cars on all Trans-Continental Trains.

COOL QUIET

- COMFORTABLE

Air is cleaned, dehumidified, constantly freshened and kept at a uniform-temperature.

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

ĮSPAKƐ THE WORLD

Tel. 20752

000. Construction of buildings wasļamounting to $15,550,000 were crease of $110.145,625 as com completed and the machinery was issued and the establishment of pared with that of the correspond- ordered from England already ar-Tien Li Chimical Works with aling period in 1935. rived. Work will be started as capital of $1,000,000.

Mining InterESİS yoon as final preparations are For the development of China's 4. Mining. During the year the finished.

vegetable oil industry - a China Ministry of Industry granted min- Several alcohol distilleries were Vegetable Oil Refinery Companying licenses to 166 private owned inaugurated, including the China was established jointly by the mines with a total area of 1,174,- Alcohol Distillery Company, the Ministry of Industries and the 638 mow, and surveying licenses to Shensi Alcohol Distillery, and the Chekiang. Szechwan. Hunan,five mines with a total area of Tientsin Alcohol Distillery Com-] Hupeh, Kiangsi, "Azhwei. and 35,466 mow. pany with a capital of $500,000. Kwangsi Provincial Governments. In view of the importance of being capitalized at $2,000,000. petroleum in industrial develop. Paper Industry The paper industry also took a The Company has its head office in ment survey of petrolero mines forward stride as a big paper mill Hankow, and has planned to estab-in Yenchang and Yenchuen by the with a capital of $4,500,000 was lish refineries in Shanghai, Wanh- Shensi Provincial Government and ets. planned in Wenchi, three

Chungkiang. new sien,

Changteh.in Kiangtsin by the Szechwan Pro paper mills established in Kwang-Changsha and Hankow,

vincial Government.. tung, and reorganisation the paper

Sugar Factory

To promote the coal industry a mills in Fukien and Kiangsi. Qfj A big sugar factory was estab-conference of coal merchants was great importance to industrial de-lished during the year in Neikiang, convened by the Ministry last June HK Govt. 4% Loan 8% premvelopment was the establishment Szechwan with an estimated capi-to discuss measures for the distri

Wing On Textiles Sh. $44 b.

Miscellaneous Entertainments $4. Constructions. (Old) $1% Constructions (New) 40%

10 am. Locs!

în Pesos Currency }

170

53

Baguio Gold Balstoc Mining « Benguet Consol.

.30

1414

2014

.04.074

31

.68

Ch. Govt 5% 1925 G. Bas.

93%

*

1.80

130

Benguet Explor Big Wedge Consolidated. Mines Ipo Gold

Min. Rest.

Twin Rivers

I. L.

Itogons Com

Mashate Consol Northern Mining Paracale Gumaus

Salacot Mining San Mauricio Suyoc Consol

United Paracales Coco Grove G. Goldfield E. Mindanao Santa Rosa

1.50

ST

3914

40%

*0* *90*

Public Utilities H.K. Tramways $1234 m. Peak Trams (old). 36% ¤. Peak Trams (new) $23⁄41⁄2 z. Star Ferries $93 11. Taumati Ferries $25 n

(Continued on Nezt Col.)

*

•

Vibro Piling $5% n.

b.

HK. Govt. 34 Loan

prem; b. Wallace Harpers 34 n.

of a plant for the manufacture of tal of $10,000,000, while the sugar bution and marketing of coal. 3% curphate of ammonia by the Yung factory in Tsinan established by Meanwhile, steps were also taken

Li Company for which debentures the Pu Yih Industrial Company, for facilitating the export of tang- (Continued at foot of Next CoL) (which was suspended in 1927 ow-jsten and antimony.

ling to business depression, was re- 5. Fishery. To regulate the sup=" ply of fish in Shanghai and its opened.

Besides these major industrial vicinity a Shanghai Fish Mart was enterprises small factories and established last May by the Minis- workshops by private interests try with a capital of $1,200,000.

New York Share Market

Messrs. White, Weld & Co COMMODITY PRICES

The following quotations have been received by Beater: Stocks: The market today was

Prev. Yesterday without any decisive developments,

Closing Closing with traders trying to out-guess New York Cotton: the results of the Labour Con-!!

January ference. The failure of utilities to March

pany, New York Correspondents for Messrs. S. E. Lery & Com• || pany, report:-

{£££16:35 236 23611 follow the advance in industrials Blay

TRAVEL

American

Express"

A World Wide Organization

{September 21-7311 Grains:-The present difference December ... 2164c between September wheat and

Chicago Wheat: September core is too narrow, com- May sidering the world wheat situation July

on the time of the season. Wel September therefore favour purchases of Chicago. Corn: September wheat against sales of May September, corn' at the present July

11.92n 13.01

during the year numbered 116 with The accumulated profit reaped by an aggregate capital of $1,872,000- the Mart during the year amount- To relieve the depressed matched to no less then $3,410,254. "An- industry measures for co-operative other important step toward the manufacture and marketing were development of the fishing indus- promulgate by the Ministry of In-try was the organisation of the dustries.

Fishery Consortium with 3. Commerce, For the promotion initial capital of $1,000,000.. of native goods the establishment 6. Forestry. Forestry projects in of a Native Goods Joint Sales Cor the Northwest and various other poration under the joint auspices parts were enforced during the of the Central and provincial go-year by the local governments. ernments, native goods factories with the assistance of the Central. and companies with an estimated Government In Nanking a model capital of $2,000,000 is plazmed forestry station was established at Feverish preparations for the in-Chintzelang where 2,463,731 auguration of the Corporation are young trees and 6,041,667 saplings being made by a preparatory.com-were planted-Central News

Agency.

mitter

To improve the quality of native goods a Native Goods Examina- 133% tions Committee was organised by

TAIPING PASSENGERS

1154 the Ministry of Industry last 111% February. Up till now examink from Hong Kong per s.s. "taping" The following passengers departed

12.41. 12.38

19.47

12.37

12.43 12.35

invites trading caution. Consoli-July dation of recent gains is likely to October

12.31

1228

11.90

11.93

{ bring 2 downward move before the December

resumption of the advance, unless Spot

11-32

13.06

the market should be

stimulated New York Eabber:

by favourable news.

Business done: Bizares.

March 3,260,000 May July

22.12

22.083

21.95

21.93

21.85

21.83

21731 21,660

125 117 112%

"

differences:

September

108% 103% 1:03

Total sales of wheat: 30,150,- Chicago Cern: 1000 bushels.

New

Cotton:Domestic consumation

for December was 90,000 bales

over the previous record for the May

{month of December, We expect July

continued large r consumegédes 37imipeg Wheat: through the first quarter of this May

123%

year.

July

-123

October

1:1234

1221 111%

SINGAPORE RAW RUBBER

B. Buk

tion of Beemen and Tunchi tea for Australien ports via Maria Mar 1094 and Hunan" rice has been started | Arnott, Mr. and Mrs. Arnott, May 1. 104

As a preliminary step to develop Alexander, Miss CL, Arleng, Mrs. Abbie, Mrs. Bentley, Miss C. Bryant, 103% overseas trade in the South Seas, Mr. C. W. E. Bishop, Mise

an investigation party was sent Ms. Burridge, Mrs. Beintrose, New there last July jointly by the M. P. Brady, Rew, and Mrs. 1. E. Contracts Contracts Ministry and the China Industrial Bartram, Mrs. Clack Mr.

Cheong

**Cable Opening Closing Association. The party passed Cameron, Miss B. D.

Mise B. Crook,

M Cameron Master 1-12% 111% through the Philippines and the F. O'Carroll, Mr. C. C.

Chapma 107% 107 Netherlands, British and French Hinɛ A. G. Í

7. Davis, Mr. L ccionies in the South Seas, gather-Disbrows, Miss P. L. Disbrows, Mrs. G. Disbrows, Master N. 1274ing important data.

Dunn, Mrs. Deans, Miss D Steps taken during the year for Evers, Mr. P. A. O. Ewing, Mr. C.

Foler, Mr. S. Farrell, Mr B. Grifidis, Fizshes ----The Reynolds Tobac

the promotion of foreign trade in-Me S. Gillespie, Miss E, Hailes; Mr. co Company has earned 299-268;-

cluded the encouragement of ex C. E. Biltwell, Mr. E Latey, Mr. 33 |135-for the rear ending December

ports and imports, notably oil cot Latale, Miss M Mitchell,

Morse. Mr. 31st, compared with 323,896;298)

ton, tes, and Trulis, the formula-

Mr. E. Newell, Mz. D. Or. for the previous year, shap pa

Messrs. H. E. Joseph & Co., re-tion of plans for the establishment . E. Pilcher, Mr. and The United Corporation has!ceived the following quotations of an export agency and the Fietzcker, Miss La Pilcher, Me

earned 19 cents per share for the from Singapore in Straits year ending December 31st, com-rency for Raw Bubber:

Ipared with 11 cente per share for

No. 4, Des Voeux Road, Central.

estants in Jof 50 cents per share.

[the previous year

The General Foods Corporation -{has declared-dyear

dend

Spot 37-4-b.-Down 1⁄4--

Cur-¡pointment of a commercial attache Plunket, Rey, J. R. Bentoul,

in the Chinese Embassy in Tokyo State Spro Miss P. Shetland, As a result of government assis Mrs. D. Stuart, Mr.

· Apr:/June 37-34 b. Down 1⁄4 (tance and encouragement, the m3- Master GJ, Shetland – Mrs. Thom July/Sept. 3771⁄2 %. Down 1%. favourable balance of trade dur Mrs. H. E. Thompson, Miss A.

Wilson, Miss E West Me Fabe/xroh-37-3% be Down 14ing the period between last-Jean-C Watt Captain and "Market: Quiet.

Jary and last October showed a de Wilson