1937-02-01 — Page 17

THE CHINA MAL, FEBRUARY 1, 1987.

BRITAIN MAY BAN WAR INSURANCE

Owners of Property in the United, hostilities only if the British Govern Kingdom have at present no means of ment is willing to shoulder the. insuring it against risk of destructionsibility. in the event of another War. Non-

During Last War. marine underwriters at Lloyd's have During the world war the Govern- already aligned themselves with the big ment was prepared to insure property tariff insurance companies in refusing in the United Kingdom at a flat rate of to write war risks on land. It is gen-2s 6d per cent. This premium, as it erally felt that the consequences of an turned out, was extremely high. outbreak of hostilities between Britain Experience in the last war, however, and another are incalculable, and po-can offer no reliable guidance for the tentially so enormous that insurance assessing of à premium to cover the would be, for any individual company possible damage arising from another or syndicate of underwriters, a danger war. ous gamble.

Insurance experts believe that only the nation itself is competent to insure its nationals against property loss in the event of a war.

So far there has been no-pronounce- ment by the Government as to its will- ingness to undertake the burden.

The Chamber of Shipping passed al resolution last February urging the} It is understood that negotiations be-Government to introduce the measure tween underwriters and the tariff and necessary to carry on the system, in non-tariff companies for an agreement successful operation during the war, of not to insure against war risks in any insurance on British ships and their part of the world have already reached cargoes against war risks. An assur- ance was given in reply that a modified an advanced stage.

If this agreement is reached the or-form of the system used in the last dinary citizen will be able to insure war had been prepared and was being his property against damage caused by held in readiness.

WOOL IMPORTS

Japan May Impose Cuts

RUBBER DIVIDEND

Shanghai-Sumatra Company

Japanese importers seeking to ac- At a meeting of the Directors of quire 20,000 hales of wool during the the Shanghai-Sumatra Rubber remainder of the season, which ends in Estates, Ltd., held at the office of May, will only be able to procure half.

the General Agents, Messrs. George that quantity, according to a ruling] made by the Ministry of Commerce and McBain, 1 The Bund, Shanghai, it Industry regarding a request by the was decided to recommend to the Control Committee of Wool Importers shareholders at the forthcoming for authorisation: to buy 20,000 bales. Annual General Meeting to be held

While the Ministry of Commerce has.

on Wednesday, the 17th February, no control over imports, it can with- hold its assent to the issue by the 1937, that the balance of $48,407.93- Ministry of Finance of licences for the at credit of Profit and Loss Account purchase of foreign exchange by im-for the year ended 31st October, porters to pay for the wool

1936, be dealt with as follows:- To: pay-a Dividend of

$0.30 per share To carry forward to next

This will bring the total imports of wool for the season to 80,000 bales, ac- cording to unofficial estimates."

EXPORTS OF RAW SILK

account

Shanghai Banks Profit

The profits of eight Shang- hat banks for 1936 were reveal- ed in a further announcement of- the Shanghai Bankers Associa tion, which had previously-is- sued an official report on the earnings of 24 of its members.

In the new announcement the China & South Sea Bank is re- ported to have realized profits amounting to $800,000 for last year, Yung Hung Banking Cor poration $56,700, Young Brothers Banking Gor- poration $365,000, Cultivation Bank of Chuen Kong $165,800, China Equitable Bank $83,000, Shanghai Mercantile $54,000, Kiangsu Bank $282,100, and Bank of Agricul- ture & Commerce $82,600.

Page Seventeen

HONG KONG AND SHANGHAI

BANKING CORPORATION

Authorised-Capital

$50,000,000

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

Sterling

£6,500,000

Hong Kong Currency

Reserve

$10,000,000 Reserve Liability of Pro-

prietors

4

$20,000,000

HEAD. OFFICE: HONG KONG.

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

G. Miskin, Esq., Deputy Chairman.

A. H. Compton, Esq.f Hon Mr. S. H. Dodwell, M. T. Johnson, Esq.. JR. Masson. Esq

AMOY

S. Morrison, Eag -T. E. Pearce, Esq..

A. L. Shields, Esq.,

V. M. Grayburn, Esq., Chief: Manager.

BANGKOK

BATAVIA

BOMBAY

Bank

CALCUTTA

CANTON CHEFOO COLOMBO

DAIREN FOOCHOW

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

Incorporated by Eppál- Charter, 1858.

HEAD OFFICE: LONDON

Paid-up Capital .. £8,000,000 Reserve Fund

£3,000,000

Reserve Liability of Pro-

prietors

Agencies and Branches:

Alor Star Amritsar

£3,000,000

Dailo

Kangoo

Ipoh

Saigon

Bangkok. Batavia Bombay Calcutta,

Kavachi

Samarang

Klang

Seremban

Kobe

Shanghai

Kuala Lumpur

Singapore

Canton

Kuching

Stixwak

Старога

Delhi

Columbu Haiphong

$23,086.80

Manila Medso New York Paiping

(Peking) Penang

Banket)

Tsingtao

Yokohams

Zamboanga

25,321.13

48,407.98

The exports of raw silk to foreign countries during last year amount-white steam filature, 71 bales yellow ed to 41,446 bales, as against 55.007 steam filature, 1,644 bales tsatlee, bales in 1936, according to statis-867 white native silk, 742 bales yel- tics compiled by the Government low silk, 1,358 yellow native silk, Testing Bureau of Shanghai. This 1,446 bales wild silk and 1,620 bales amount was made up of 33,098 bales duppion.

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 sp

and no identification is nece sary other than your If last or stolen,

signed, your money

ed. Issued in denom

$10-$20, $50, and, $100. Also in Sterling

md $107

THE AMERICAN EXPRESS CO., INC.

with Limited Slabbity in USA

No. 4, Des Voeux Road C.

Bang Korg Foreign Exchange and General Banking, business transactaci

Current Accounts opened and "Fixed Deposite received for one year ce shorter periods at Istes which will be quoted on application

The Bank's Head Office in London undertaken Executor

́and Trustee · business and Digima.

HAIPHONG HAMBURG HANKOW HARBIN

HONGKEW

ILOILO

ноат

JOHORE ДОВЕ KOWLOON

BRANCHES

KUALA LUMPUR

LONDON LYONS KALACCA -MANILA- MUAB (Johore) KUNDEN NEW YORK

SUPENG PENANG BANGOON SAIGON SAN FRANCISCO- SHANGHAT SINGAPORE SOUEABAYA SUNGEI PATANI TIENTSIN TOKYO

-TSINGTAO

YOKOHAMA

Current Accounts opened in Local Currency and Fixed Deposits received for one year or shorter periods in Local Company and Sterling on terms which will be quoted on application.

ALSO up to date SAFE DEPOSIT BOXES in various sizes TO HE

Hong Kong, 24th February, 1936. «

HONG KONG SAVINGS BANK

The Business of the above Bank is conducted by the HONG KONG, AND SHANGHAI BANK- ING CORPORATION. Bales may be obtained

ou"application..

FOR THE HONG KONG AND SHANGHAI JÄNKUNG' CORPORATION.....

M. GRAYBURN,

Chief Manager.

Hong Kong. 24th February, 1956

THE YOKOHAMA SPECIE BANK

LIMITED

Established 1880-

recovery of British Income Tax overpaid, on Capital (fully paid-up) Yen 100,000,000 terms which may be ascertained at any of its Reserve Fund. Agencies and Branches.

A. BREARLEY,

Manager. Hong Kong, 1st January, 1935.

Yen 130,900,000

Head Office: YOKOHAMA

Branches and Agencies at

"Alexandria

THE BANK OF EAST ASIA, LTD. Bangkok

Authored Capital Paid-up Capital ...... Eoserve and Undivided Profits

Batavia $10,000,000.00 Berlin $ 5,598,800.00

2,685,89652 Bombay

HEAD OFFICE:—HONG KONG...

10, Des Vax Foad, Central-

BOÄRD OF DIRECTORS?-

Bon. Sir Shou-son Chow, Chairman; Li Koon

Chan, Esq. E. 5. Kwok Eng. Work

Togg

Chin Ching Sbek, "Eaq", Sang Bag Wong Can Sen, Esq. and Ean Po, Eage

Kản Tong Po, Esq., Chief Manager. Li. Tas Fong, Esq., Maraget.

BRANCHES AND AGENCIES Seattle

Melbourne

Amoy

Batavia

Bombay

Calcume

Canton

Haiphong Banko Honolulu

Peip

Kowloon

London

San Fiz

Sirarang Shanghai

Calcutta

Canton

Dairen (Dainy)

Fengtien (Mukden)

on Hankow

Hamburg Yun

Ting Harkin-

Hong Kong

Honolulu

Hsinking

Karachi

Kabe

London

Manila

Moji Nagasaki

Nagoya

New York

Osaka

Obaru

Paris

Peiping

Rangoon

Rio de Janeiro.

San Francisco Seattle

Seimars

Sydney Tientsin

Tokyo

Tsingtan

Kingkow

Los Angeles

Interest-allowed for Current

conta

Deposits, received for fixed periods

obtained on

at rates to fious.

Every description of Banking and. Fachange business" tesziaseted. Doung granted on approved

Current

-opened in Local and Fized - Deposita, returned, for one shorter periods in Local and Foreign Cu 1) on sherima – which - will be quoted on app

Sato

Bazen To

Hong Kong, 13th November, 1936.

~PO;

Y. KANO,

Manager.

THE WING ON BANK LTD.

Head Office: Bongi

26, Des. Topaz Road, Central

sed Capital $10,000,000 LONDON BANK

taminster Ba

Fachange? bankingib

THE

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED

Bores, for hire. GOCKCHES, enager