1937-01-28 — Page 12

BANKS

HONG KONG AND SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION INDIA, AUSTRALIA & CHINA

- Authorised. Capital

· Issued and Fully-Paid-up

Reserve Fundas-

Stetting.....£6,500,000

Hong Kong Currency

Reserve

$50,000,000 20,000,000

$10,000,000

Insorpresied by Bepul Chette, 1983)

HEAD OFFICE: LONDON,

Paid-up Capital Reserve Fund

,000,000

Reserve Liability of Pro-

Reserve Liability of Pro-

prietors

......$20,000,000) „prietors

0,000

HEAD OFFICE: HONG, LONG.

BOARD OF DIRECTORS.

Alor Star

Agencies and Branches:

Iloilo

Banguon

Amaritane

Ipoh

- Saigo

Kamobl

Mang

Semarang Sat

Kobe

Calcutta

Xnala Lumpur

Canton

Knebing

Catapote

Medres

Soutabaga

Caba Colombo

Konta

TARME

Moda

Tiemmin

Delhi

New Lock

Tongkak

Haiphong

Peiping

(Bombst

Hamburg

Fanles

(Peking) Pong

Yokotama Zamboangs

Hon. Mr. J. J. Paterson.

Chaleman,

G. Miskin Esq→

Deputy Chairs

A. H. Compton, Esq.,

Hon. Mr. S. H. Dodwell,

JL T. Johnson, Esq.,

J. R. Masson, Esq. Morrison, Esq T. E. Pearce, Esq. A. L Shields, Esq..

AMOY

V. M. Grayburn, Esqui

KANGEON

BATAYA BOMBAY CALCETTA CANTOX CHEPOO COLOMBO

Chial Hanage.

BRANCHIS -

LONDON

. LYONS

MALACCA MANILA MUAR (Jooms) XUNDES

~ FEW YORK

PELPING PESANG RINGOON SAIGON

n

PAIREX FOOCHOW HAIPHONG HAMBURG

HANTO HARBIS RONGNEW *LOILO

5208 JOHORE TORK KOWLOON

KUALA LUMPUR.

EAN FRANCISCO REANGHAI SINGAPORE SOCHABATA SUNGEI PATANI TIENTSIN

TOKYO "SINGTAO

TOSOHANA

Current Astounds opened in Local Currency and Fixed Deputi pačved for one you or shorte perionis in Troos Outreaty and Gauting on teme

will be quand on application. SAFE BOXES VICE TO ŽEN

Hong Kong, 24th February, 1936.

HONG KONG SAVINGS BANK

The Businem of the abors Bank is conducted by the LONG KONG AND SHANGHAI BANK ING CORPORATION.Balm 13 be obtained do aplication

FOR THE HONG ZONG AND SHANGHAI SANKING COZTORATION.

T. GRATBERN,

Chiat Manager.

Hong Kong, 24th February, 1936.

THE BANK OF EAST ASIA, LTD.

Authorised Capital

-$20,000,000.00 5.500.000.00

Paid-up Capital Kosers and Undivided Profka —.........$ 1,685,825.31

HEAD OFFICE: ĐỘNG KONG.

it, Des Vaux Bond, Centra

BOARD OF DIRŁUTO ES :—

Bon. Sir Show-son Chew, Chainman: "El Kom Chuo, Łaq. P. A. Amok, Lagu Woog-In Long. E-Chan Ching Shak Taqi Lan Berg Eng, Wong Cims 200, Exq, and Xan Ting Fo. Loc.

Karung. Po. _Eng.. vàiel Manage IT Focz. Esq. Managar.

BRANCHES AND AGENCIES:-

Manila

Kelbourne

Janey Bateria

SeaLlig

Semarang

Bombay

New York

Singapore

Cheska

Swałow

wadcany

Bengtot

Hachin

Hour Eoar

Shanghai Singapore Sta

Foreign Exchange and General Banking busideos

Current accente opcond and Fixed Depozita. received_for_cos yme or shorter panoda, at rates; which will be quoted on appiensión.

The Bank's Hand Ofios in London undertakan Desorter and Trustee balzoom and lime zveover, of British Innnnnn. Tez oracjaid. Įmens which may be anoncinland at any of the |Agudom mod. Bekaplus.

A. BREARLEY.

Manager. Hong Kong, 1st January, 1835.

| THE CHINA & SOUTH SEA BANK, LIMITED

(Incorporated in China).

Head Office-Shanghai

Capital Reserve

$7,500,000.00

$1,500,000.00

Branches - All Important Cities m Chins

Forsigo Exchangs and Gurmand Beaking Busines

Current and Saving Accounts opened and Fixed Deponite ovud de wom your or shorter pacioća accuses which will be quoted on application.

SOC Z CHANG,

HONG KONG BRANCH: 11, Queen's Boad, Central. „Manager's Offon

Yorsign Exabunge Dept m

Cashier's Osce

ed.

PAL 19645

#836

THE WING ON BANK, LTD.

LOCAL SHARE

MARKET

The following was the list of local share quotations issued to-day.

Banks

HK. Bank $1870 n.

HS (Lon. Beg.) 116 b. Chartered Bank #16 n.

Mercantile Bank A. and B

3324 2.

Mercantile Bank C.

14%

Bank of East Asia $83 n.

*Insurances

Canton Ins. $310 b.

Union Ins. $620 n.

China Underwriters $1 a

.

HK. Fire Las. $301 International Assce. Sh. $331⁄4 n.

Shipping

Douglases $30 n. H.K. Steamboats $7.40 . Indo-Chinas (Pref.) $35 n. Indo-Chinas (Def.) $36 a. Shells (Bearer) 135/7 n. Union Waterboats $1014.

Docks, etc. ELE. and K. Wharves $107% sa F.K. and W. Docks $15/15-10 sa Providents (Old) $1.60 sa Providents (New) 20 cts. n. New Engineering Sb $4 n. Shanghai Docks Sh.$90 n.

Mining

Kailan Mining Ad. 16/6 n. Raubs $12.60 b.

Venz. Goldfield 38 2.

Lands, Hotels, etc. ELK. and S. Hotels $5.80-sa. HK Lands $94%.

RK. 4% Debentures $105 1 Shanghai Landa Să $16 n. Metropolitan Lands Sh. 310 n. Humphreys $934

HK Realties $474 n Chinese Estates $76 1. Chins Realties Sh.34 n. China Debentures Sh.$60 2.

PHILIPPINE MINING

ClasitusTM

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

Big Wedge Current Accounts and Savings Ac-

Coco Grove Commdis opened Fixed Deposits re- ceived at rates which will be quoted |

Consolidated Mines Demonstrations or application.

Trusteeship & Executorship under- Mindanao taken. Safe Deposit Boxes for hire. Gumaos G'feld

PHILIP GOCK CHIN, Ipo Gold Chief Manager.

Rates

SUMMARY OF LOCAL LOCAL PODLAR ARE Y

TRADE IN 1936

STEADY

Silver Prices Steadier

The local dollar is steady, open- ing on demand yesterday at 1/2-

OFFICIAL STATISTICS OF IMPORT 29/22

AND EXPORT DEPARTMENT

UP IN DOLLARS, BUT DOWN IN STERLING

THE

New Yo

Report:

SHARE

Weld & Company

espondents for

& Company.

Stock: The mncertainties

with

"Spot silver was quoted at 20-regard to rails continue and the 7/16 and "forward” at 204. Įrailroad earnings currently report- The London-on-New-York cross-fed serve to emphasise the need. rate was quoted at $-US$499, for a high degree of selectivity while the New York on London) when making necessary purchases

was quoted at in this field. cross-rate

The situation with regard to utilities is unchanged. US$489-15/16.

The fact that there is no indication the labour situation warrants the limit-

COMMODITY PRICES of any new development in

The following quotations haveling of purchases to recessions in the industrial section of the mar- been received by Reuter-

Prev. Yesterday ket. We would be still inclined to Closing Closing concentrate on coppers and olls generally. While the market ac- tion is so far significant confirma- tion of our view that the recession will not be extreme, we neverthe- less continue to see further irrc- gularity and we would therefore that [repeat - our previous advice

New York Cotton:

HE IMPORTS AND EXPORTS DEPARTMENT (STATIS-

TICAL BRANCH) REPORTS THAT THE COMBINED VALUES OF THE COLONY'S IMPORTS AND EXPORTS OF MERCHANDISE (EXCLUDING TREASURE) DURING THE March YEAR 1936, AMOUNTED TO $8083 MILLIONS (£50.6 MIL-May July LIONS STERLING), AS COMPARED WITH $636.0 MILLIONS October (5614 MILLIONS) IN 1935, AND $7410 MILIJIONS (356.5| MILLIONS) IN 1934.

In terms of local currency the 1935 to 7.3% of the total in 1936; March total visible trade of the Colony Japan from 42% to 5.1%; U.S.A. May increased by 26.3 per cent. in 1936 from 78% to $.1%; Siam from July. |as compared with 1935, and by 84 3.9% to 4.1%; Netherlands East September per cent, as compared with 1934 Indies from-23% to 28%; India December but these values converted into from 13% to 1.4%; Philippines Chicago Whest: sterling currency show a decline from 18% to 3.3%; and other May of 17.6 per cent, in 1936 as com- countries from 9.8% to 13.5%;|July

the food has not yet reached its perk and that a near-term labour settlement is still improbable.

.Business done

12.57

12.41

12.27

12.72 12.56 12.44

11.85

12.00

December

11.85

11.97

January

11.85

11.96

Spot

13.07

13.22

New York Rubber:

21.42a

21.124

21.37

21.08

21.25

20.96

shares

21.22

20.92

21.141

20.851

128%

113

109%

109

704% 100

98

May July

12134

119

1189%

116%

October

1074

1055%

SINGAPORE RAW RUBBER

pared with 1935, and a decline of whilst the percentage of the ex-December 10.4 per cent, as compared with ports taken by China fell from Chicago Carn: 1934.

(It should be noted that 49.0% in 1935 to 42.7% in 1936; 3ay |the average T.I. rate of exchange French Indo-China from 5.3% to July

| for sterling was 1s. 3.3/16 in 1936, 50%; Macao from -4.5% to 3.7%; September

18. 71.5/16 in 1935, and 1s. and Kwong Chow Wan from 3.4% Winnipeg Wheat: 5:3/16d. In 1934).

to 3.0%.

DECEMBER FIGURES

1,940.000

Wheat: The Canadian Bureau of Statistics at Ottawa states that the visible supply of Canadian 126% wheat is 103,000,000 bushels 35 110% against 247,000,000 bushels a year 107%ago.

Further large shipments from the Argentine' are tempor- 108 arily influencing sentiment. Flour. 108% sales bere and abroad are still

ipoor, but a good demand is accumu- lating. The spread in September wheat and corn has fluctuated from 9-1/4 to 10-1/2.

Total sales-21.583,000 bushels. Cotton: The floods are aggravat- ing the already-tight spot situa- Messrs. H. B. Joseph & Co., re-tion and forcing prices of oid- the following quotations crops higher. The domestic mills

Imports of merchandise totalled $452.4 (£28.5) millions in 1936 as compared with $365.0 ($35,3) mil- During the month of December, lions in 1935 and $415.9 (531.7) 1936, imports of merchandise millians in 1934; whilst exports; amounted to a total of $44.7 mil- totalled $350.9 (4221) millions in lions (£2.8 millions), as compared ceived 1936 as compared with $271.0 with $34.3 millions (£2.3 millions) from Singapore in Straits Cur-have fair supplies, however, Sales

(£25.1) millions in 1935 and $325.1 in December, 1985: a dollar in-rency for Raw Rubber: (24.8) millions in 1934

Local Imports

crease of 303% and a sterling in- crease of 217%; whilst exports In terms of local currency im totalled $84.8 millions (£2.2 mil- ports of merchandise in 1936 in-lions), as compared with $25.4 creased by 23.9 per cent as com-

millions (41.7 millions): a dollar pared with 1935 and 8.8 per cent.increase of 37.0% and a sterling as compared 1934; whilst exports increase of 29.4%.. increased by 29.5 per cent.

33

The following table showS.COM.

*zd exports of Merchandise and Trea-

compared with 1935 and 7.9 per parative, figures of imports

10 am. Loen!

in Pesos Currency

Antamoks Atoks Baguio Gold Balatoe Mining Benguet Consol Benguet Explor

1.70

.51

14

14

20

38 587.69

.87

.06

97

.40

.707.71

cent as compared with 1934.

36

28

1.75

Itozons

1.75

by 19.3 per cent. in 1936 as compari ed with 1935 and 10.1 per cent, as)

Masbate Consol

.36

Mân, ResourÇES Northern Mining

42

.15

24

.0

3.15

Suyor Consol. :

.50

In terms of sterling value im-sure during the months of Decem-

decreased ber, 1986 and December, 1935:- ports of merchandise

Spot 25-4 b. Down . Feb/Mar. 35-% b. Down. Apr/June 35-3 b. Down $2. July/Sept. 35-31⁄2 b. Down b1⁄2. Market: Uncertain.

33

IMPORTS

December

1936

December

19%S

17

and

proft-taking on further advances appears to be advisable. The new trop situation seems very uncer- the tain. Acreage is large and residue from possible early foods (Continued at foot of Column 6)

DAILY CROSS-WORD PUZZLE

S

B

13

15

16

19

20

Calcutta

Canton

Haiphong Hankom Hoccinia Kabe Lowloon London

L'aria

Peaping

J'es

Lagoon Saigon

Taiboku

Dentai

Tokyo

ban Francisco

Vancouver Yokohama

Every description of Banking and Exchange business transačiod. Loans granted an approved securitian.

Correct Acocata opened in Local Currency and Fixed Deposita received far, ana yun shorter periods in Local sod Foreign Currencies on terms which will be quoted on application.

El Deposit Boxes To Lat.

ZAN TUNG FO.

Chief Manager.

THE

AMERICAN EXPRESS COMPANY Paracale Gumas

INC.

Incorpoented with Limited Liability in U.S.L..

Head Office:-65, Broadway,

Capital Surplus Beserves

THE YOKOHAMA SPECIE BANK A

UIMITED

Established 1880

C

New York

Glasgow

. U.S.$6,000,000.00

·2,240,344.38 897,612.65

BRANCHES:-

Kilaa Jace Saples

The Hague

Havana Hamburg

Heidelberg Interi Verma.m Leade Liverpool Loverde Lugano

P

Pienenn

Paria

Priping Rotterdam Bome

Artwierdann

Alben

Amman

Berlin Bombay Ветреныя Cairo

Yen 130,900,000

Calcutta Салом Colombo Copenhagu Dublin Finburgh

Gerts Grabos:...

Lazur

Monte Carlo Mazlla

Tiantain Vianna

Yokohamns Zaje

Capital (fully paid-up) Yem.100,000,000|

Beserve Fund

Head Office: YOKOHAMA

Branches and Agencies at

Alexandria

Bangkok

Batavia

Berlin

Bombay

Calcutta

Cantor

Moji

Nagasaki

Nagoya

New York

Osala

Otaza

Paris

Dziren (Daing) Peiping

Fengtien (Makden). Bangoon

Ezinburg

Caml.com

Hong Kong

Honolul

Haining

Kobe

Londen

Marila

Los Angeles

Fio de Teneiro

San Francisco Seattle

Semarang

Shanghai

Singapore

Somabay

Sydney

Tientsin

Tokyo

Tsingtao

Yingkow

Interest allowed for Current Ac-

"Deposits received for fixed periods |

at zates to be obtained on appäts-

Y. KANO,

Manager

„Hong Kong, 12th November, 1936.

MEER

#SHANGHAI COMMERCIAL &

SAVINGS BANK LIMITED

«Cincorporated in China)

Jacob Mootwock

• Branches of

Shanghai Southampton Singapons

American Express

Company in Principal cities of United

States of America and Canada.

刂

All classes of Commercial Banking Transactions undertaken.

Personil investment accounts hand- led...

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

E. W. DUGGAN,

Manager.

PIPPERMINT

GET

always

delicious with crushed ice lezd eater

Salacot Mining

San Matricio

United Paracales

... 1.30 Public Utilities

sa.

H.K. Tramways $12 Peak Trains (old) $4 n. Peak Trams (new) $23⁄4% n. Star Ferries $93 3. Yaumati Ferries $25 a

C. Lights (Old) $13.95/14 sa C. Lights (New) $10.80 h. FLK. Electrics $55 b., & sa. Macao Electrics $20 n. Sandakan Lights. $10 x. Telephones (Old) $281⁄2 b. Telephones (New) $10.30 b. China Buses Sh.$11 n. Singapore Tractions 27/- 0. Singapore Pref. 27/- a.

Industrials

Cald., Macg. (Ozd.) Sh.$192

Cald Macg. (Prefi) Sh‡15 n.

Canton Ices $2.05 n.

Cements $16.80 b

ELK. Ropes $254, n.

Stores, etc

Dairy Farms 322 b., 223⁄41⁄4 sa. Watsons $42

Lane, Crawfords $63⁄41⁄2 m. -

Sinceres $211⁄2 'n. Wing On (HK) $50 m. -

Cotton Mills

compared with 1934; whilst ex-)

ports decreased by 15.3 per cent. Merchandise

Total

in 1936 as compared with 1935 Treasure and 10.9 per cent. as compared with 1934

Total movements of treasure

amounted to $216.5 millions in Merchandise

1936

$44,699,876 $34,269,762

$ 935,333 $2,344,699 $45,635,209 $36,614,451

EXPORTS

December December

1936

1935

$4,788,585 $25,406-202 $4.131,125 541,085,154 $38,914,710 $58,290,455 Monthly Fluctuations Since December, 1935 monthly

as compared with $254.7 Treasure millions in 1935 and $206.6-mil- Total lions in 1934; imparts accounting for $72.7 millions as compared with $38.8 millions in 1935 and

$78.1 millions in 1934, and exports Falues of imports of merchandise into Hong Kong fluctuated from a $143.8 millions as compared with

low Hong Kong dollar value (303) $216.0 millions in 1935 and $128.5 millions) in February, 1936 to a millions in 1934.

The following table shows total high of 45.7 millions in November, 1936;" whilst export values. fluc- values of imports and exports oftuated from a low of $23.6 mil- merchandise and also of treasure

during the years 1936, 1935 and lions in January, 1936 to a high

1934:-----

Total

1 1934

$ 415,918,522 78,080,869 493,999,391

23 2+

32

137 136

+2

20

Si

• 156

HORIZONTAL

1-Distant

Resisted 10-A dente 13-Before

126 127 128

jot

62 163

67

71

14 American novelist 15-Evening (Poet.) 16-Ritardando (abbr)

1936

Merchandise Treasure

IMPORTS

1935 $ 452,350,193 364,989,519 72,728,408 38,784,811 525,078,601 - 403,774,330

Total

1936.

$ Merchandise 350,864,787 Treasure....... 143,815,433 494,680,220

EXPORTS

1935 $ 271,033,363 215,959,289 486,992,652

17m

1934 $ 325,104,653 128,479,528. 453,684,181

Calculating in terms of local |currency«imports into the Colony

Ewa Cottons Sh.$15.70 n. Shanghai Cotton (Old) Sh$90 from Japan in 1936 amounted to of $33.4 millions in November,

B

12.8 per cent. of the total as com- 1936. Details are given below, Shanghai Cotton (New) Sh$64 pared with 11.8 per cent. in 1935; with the sterling equivalents, at.

b.

Netherlands East Indies 8.5 per monthly average rates of ex- cent. as compared with 6.2 per change, in bracketą ga

Zoong Sings Sh.$31.n.: Wing On Textiles Sh. $44 b

Miscellaneous:

Entertainments $41⁄4 z. Constructions (Old), $1% n Constructions (New) 425, cts

..

Vibro Piling $5%.n.

Ch. Govt 5% 1925 GBde

RK Cort. 4% Loan 8% pren.

*HK Govt. 81⁄2% Loan 3% d

Wallace Harpers M4 n.

Job Printing

cent: Slam 6.6- per cent. às com-

pared with 5.6 per cent.; Germany

IMPORTS EXPORTS

5.2 per cent as compared with 4,5 December 1935 234,269752 $25,105,302 per cent India 13 per cent

(22,255,201). (£1,680,455)

as compared with 12 perjanuary 1936 $33,735 467 $23,680

cent and Belgium 15 per cent.] as compared with 13 per cent.

U.K. Imperts

February

March

April

The proportion of imports from the United Kingdom showed a de- cline-în 1936 as compared with May 1935, amounting to 64% as Com- June

pared with:65%, Chinx 33.6% 15 compared:spith $2385; French In-¡July do-China 5.7% as compared with 13.9%; US.A. 7.1% as compared August

with: 13%, British Malaya 16%

September

} as compared with 1.7%; Australis [2.0% as compared with 23%; and October

other "countries: 7.75% as commpar, ed with 89

Eirports to British-Malaya -in- ceased-from-6:35% of the total in

Novem

(£2,189,964) (£1,519,991),

€30,319,819. $24,385,144| (£1,953,122) (£1,805,574) $34,136,679 -$27,423,038 (22,204,680) (£1,774,950)

$38,5€1;694

(£2,364,973) ((#2

$36,375,184 2235,129.

19-Receive gladly.

} HORIZONTAL (Cont),

56-Rend

મદ પન્ન

VERTICAL (Cont) [20-Preserves-food

Most courageous 24-Spike of corn

27-Egyptian god *|28-Wern, down by

57-A little tatand 159-A. Hebrew month. 123-Insect "sages Jes-To invade suddenly

66 Changed

T-Pada

70-Look

+

171-Crude metal'

21-A liquid measure 72-Open (Post) 22-A, paper measure' - ·73-Tour

74-Butix Footed

23-Alcoholic beverage

25-An atomizer

29 Pincher

22-Contests of speed

34-A rodent 15-Prussian city 36-Ingenuity

"W-The sheltered side 29-Cure hides. Al-k..compass_point

(abbr) 42-Tondered 43-Unit of work ; M-Prex Before

47-Anger 48-Etruscan god 60-inflamed places on

the skin. 52-To steep, as Tax 54-Arrange, 38

- bangings

The

**75-Tautest

76-Dotan

VERTICAL

Gave-food.ta 2-bfctric, land

·3-Admire

5-Harbors

E-Fondio

thread

friction

(30-indita

331-Joerer

33-Spitta

25Finished

38-Fit Franch (abbe.) ko-Combining form. Air

<4-Fish eggs

45-Bestowed

(48-k device for

climbing (pl.)

}49-American Protective Association (abbr.)

roozaure51-Large, lake

7-Lise necdie and.

Each

18-The (Sp)

|35-A_game-bird

57-River in: 3: E. France

58-Snares

61-A horse's gait |63-Assist

64-Serpent **

to take out (Print) 65-The Shaltared side

10-Contract 111-Direct

J's Father

65-Lair

j67-Part of the foot

63-Blad

leg-Minerat spring

uzun of the phone with a new Brits-WRT MANİ will appear in to-morreu's ienes.

(Continued from Column 7)

is likely to result in welcome Ter Atilizer, Mag

(£2,801,887) LEL,656,884) | ~ Rabber: Eforts to-haisten: ship- 125.219 $25,500,043 meats from the Far East are con

877) (£1.573,581)sidered to be inopportume, as the

123838,410

84) £51,827,704) motor strike and the foods, are 2226,905, plentifully off-setting the tight

563|| nearby vsupply o situatiei: 154 Fould take profits on any anal ad-

;