1937-02-02 — Page 17

THE CHINA MAIL, FEBRUARY

JAPAN'S ADVERSE TRADE BALANCE HONG KONG AND STANGHẢI

AMERICAN RUBBER

CONSUMPTION

Large Decrease Last Month

Rubber consumption in America dur ing December is reported to have been 49,626 tons a decrease of about 709 tons on the consumption in November Stocks in the hands of manufactur. ers and dealers increased during the month by about 6,300 tons.

This re

MAY REACH HUGE

FIGURE

SHELL COMPANY'S DIVIDENDS

It is still extremely dificult to est Bonus Of Shares: Also

Decided

BANKING CORPORATION

Authorised Cintiat Issued and Fúly-Pa

Reserve Fundss

SterlingTMTM

$50,000,000

*£*6,500,000*

Hong Kong Currency

Réserve

2$10,000,000

Reserve Liability of Pro-

prietars

mate the final balance of Japan's over= seas accounts this year. The Japaneset press, however, is inclined to think that} it will show a payable balance of ap- The "Shell" Transport and Trading Co. and the Royal Dutch Co. have re- proximately Y.200,000,000.

The visible trade up to December sumed interim' dividends with pay- adverse balance of ments of 7 per cent. tax free and 5 10 showed an Vil40,000,000. Assuming that there per cent. less tax respectively. These will be an import excess of about are the first interims by either com- A ¥20,000,000 for the remaining three pany since 1930. weeks the final result of the visible trade will be an adverse balance of about Y.160,000,000.

There was a big reduction in stocks

The "Shell" Transport and Trading afloat these. being some 17,000 lower than the November figure.

The invisible Co. also announces a bonus issue of duction is largely due to a shortage of trade is expected to register an ad- one new share for every five held. export rights, usually present on the verse balance of approximately Y.45,- last month by any restriction quarter,000,000 as in last year. and to a shortage in freight space..

The arrivals in America · during December totalled: 57,049 tons compar- ed with 44,296. tons in November and 34,596 tons in December, 1935,

Consumption Consumption in December was 49,62€ tons against, 50,303 tons in November and 42,942 tons in December; 1935.

Manufacturers' stocks on December

31, are given as 147,874 tons against 142,416 tons at the close of 1935.

Dealer's stocks on December 31, were 70,970 compared with 70,099 on Novem ber 30, and 129,438 tons on December 31, 1935.

Stocks afloat on December 31, were 66,567 tons compared with 73,691 tons on November 30, and 39,094 at the end of 1935.

com-

Consumption of reclaimed rubber in December last was 12,984 tons pared with 12,029 tons in November and 8,521 tons in December, 1935.

MANILA MINING

ACTIVITIES:

The Royal Dutch decision had a de- pressing effect upon the market, as Payable Accounts

more had been expected, but the Shell Among the main items of the pay-interim and bonus issue was popular. able accounts of the invisible trade) are (1) investments

in Manchuria,! The directors of the "Shell" Trans- (2) investments in North China, (3) port and Trading Company have de- part repayment of the £6,000,000, oldclared an interim dividend of is. 6d. S.M.R. loan, (4) part payment of the per share, or 7-per cent, free of tax, CER. transfer amount and (5) the on account of 1936, payable to ordin- payment of patent fees, etc.

ary shareholders on Jan. 30 next..

The C.E.B. transfer payment: is It has also been decided to recom- about the same as last year, while the SMR Sterling loan repayment this mend the capitalisation of part of the year is likely to show an increase. It reserve fund in the form of an issue. is a well known fact that Japanese to the ordinary shareholders of fully cotton mill-owners have built a num-paid £1 ordinary share in the proper ber of mills in North China.

tion of one new share for every five On the other hand considering the shares held

The new shares, when issued, will recent activity of the shipping indus-

in rank pari passu in all respects with try an increase of 20 per cent. freight and insurance revenue is pre-the existing ordinary shares.

believed. that Full particulars of the issue and dicted. It is further the money spent by foreign residents notices convening the meeting neces- and travellers in Japan has shown a sary to give effect to this will be post- marked increase. If so the above in-ed to shareholders early in February. crease in payments abroad will be The Royal Dutch Petroleum Com- easily offset, it is stated.

pany announces an interim dividend of 5 per centy less tax;

Jugoslavia British imports from

last year, were more than doubled rising to approximately $1,500,000,

E. D. Gundelfinger, president of while exports to that country fell Gold Shares, Incorporated, Manila, re-heavily. ported that the auditors statement

31, 1936 disclosed the fact that des

covering the year ending December The Russian Government has plac pite cash dividend payments totaling ed an order with Swan, Hunter and 125 per cent during the year, the Wigham Richardson Ltd, Company operations had been so send, for a floating dock with a lift- successful that after payment of all ing capacity of 2,500 tons. dividends, taxes and other disburse-

H.

$20,000,000

HEAD: OFFICE: HONG KONG.

BOARD OF DIRECTORS

Hon Mr I I. Paterson. Chairman.

G. Miskin, Esq.

Deputy Chairman

Compton, Bell

M.T. Johnson. Eaq.. J. B. Masson, Bag..

KS. Morrison. Esq. TE Pearce, Esc AL. Shields, Esq.

V. M. Graybum, Esq., Chiat Manager:"(

AMOF BANGKOK BAT

CANT

CHEFOO

COLOMBO

DAIREN

FOOCHOW

HAIPHONG

HAMBURG HANKOW HARBIN HONGKEW KOLLO

IPOH JOHORE

ADBE

BRANGEFES Sem

KOWLOOK KUALA LUMPUR

LONDON

LYONS- MALACCA MANTIA

MEAR (Johor) MUKDEN

NEW YORK FEIPING PENANG BANGGON

SAIGON

SNFEC SHANGHAI SINGAPORE

SOUBABATA

SUNGEI PATANI TIENTSIN

TOKYO

TSINGTAO

TOKOHAMA

Current Accounts opened in Local Currency and or shorter

Fixed Deposits aired for one year periods in Local Company and Sterling on terms · which will be quoted on application.

ALSO up to date SAFE DEPOSIT BOXES in various sites TO LAME

Hong Kong, 24th February, 1935.

HONG KONG SAVINGS BANK

The Business of the above Bank is conducted the HONG KONG AND SHANGHAI "BANK- ING CORFORATION. Rules may be obtained on application...

FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION.

V. M. GRATBGEN,

Chief Manager.

Hong Kong, 24th February, 1995.

First Since 1931

These are the first half-yearly dis tributions to be made by the companies since January, 1931, when the "Shell" paid :10. per cent, free of tax, and the Royal Dutch 10 per cent, less tax THE YOKOHAMA SPECIE BANK

Referring to the possibility of the

of Wall-resumption of interim dividends, Lord Bearsted stated at the "Shell" meeting last year that the "declaration; or, non- declaration of such dividend must not

ex-

ments, the company was able to show in the treasury at the end of the a surplus of P444,000 for the year. year, plus the substantial profits al- During the first 18 days of January ready made during January, be the Company made a net profit of pected that a cash dividend of not less than 20 per cent, will be declared out P31,226.03.

Mr. Gundelfinger stated that in of profits gained during the last three view of the large surplus remaining months of 1936.

THE

AMERICAN EXPRESS COMPANY INC:

Incorporated with Limited Táability in U.S.A. Head Office: 65, Broadway, New York.

Capital

Surplus

Reserves

.U.S.$6,000,000.00 2,240,34438 897,612.65

BRANCHES

Glasgow

THE BANK OF EAST ASIA, LTD.

Authorised Capital Paid-up Capital: ........ Beserve and. Undivided. Profits

$10,000,000.00 2,508,600.00

HEAD OFFICE:--HONG KONG..

10. Des Tour. Boad, Central BOARD OF DIRECTORS:

Hon. Sir Shou-son Chow, Chairman; Li Koon Chun, Esq., R. Ewok E. Wong Tun Tong, Esq., Chan Ching Shek, Esq., Li L Sang, Esq. Wong Chu Son, Eag, and Ean Ying Po, Esq.

Kan Tang-Po, Esq., Chief Manager. Li Tse-Fong Esc Manager.

BRANCHES AND AGENCIES:-

Amoy Batavia

Bombay.

Calcarita Canton

LIMITED

Established 1880:

be taken as any indication of the state Capital (fully paid-up) Yen 100,000,000: Yen.130,900,000 of the group's profits."

In November last the directors of the "Shell" stated that they had decided to consider the question of an interim dividend on the ordinary capital at a board meeting in January, 1937.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

Incorporated by Royal Charter, 1855. HEAD OFFICE: LONDON

Paid-up Capital Reserve Fund

Agencies and Branches:

Reserve Fund

Head Office: YOKOHAMA

Branches and Agencies

Alexandria Bangkok Batavia-

Berlin Bombay

Calcutta

Canton

Dziren (Dainy)

Fengtien (Mukden)

Hamburg

Hsinking

Moji

Nagasaki

Nagoya : New York Osaka

Paris Peiping

Rangoon

Río de JenzÏTO?

San Francisco

Seattle

Semaran

Yingkow

£3,000,000 53,000,000

Hankow

Harbin

Reserve Liability of Prod

prietors

£3,000,000

Hong Kong

Honolulu

Shangh

Singap

Alor Star

Karitase.

Baila Ipah

Bangoom Saigon

Karachi

Bangit

Karachi

Kobe London"

Malls...

Setia

Batsvís

Klang

Melbourne

Suzzarang

Bombay

Kobe

Shanghai

Calcutta

Naples

Piraeus

Paiping

Haiphong Hanky Honolulu Kobe

Lond

New York Paris

Canton

Caba

Priping

Colombo

Tekso

shong Hamburg

ping

Ser Francisco

Peong

Harbin

Caira Calcutta

Liverpool Lugano

Marseilles Monte Carlo

Southampton

Manila

Zurich

Amsterdam

Antwory AEbens: Assuran

Besle Berlin

Bombay

The Hague

Estats Hamburg

Milan Nice

Orica

counts:

Deposits

Copenhagen Dublin

Firence Genera Grenos

Munich Montreux:

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

All classes of “Commercial Banking Transactions undertaken

Personal handled.

The

Vancouver Foschetta

Every description of Banking and Ezekazy business transacted, Loans grunted:on" appe securities.

Current Accounta" opened in Local- Om and Fixed Deposits received, for one shorter periods in Local and: Ferriga on terms which will be quoted on application.

Safe Deposit Boxes To

KAN TING PO

Chief Manage.”

THE WING ON BANK LTD:

Head Offer: Hong-Kong. 26, Des Voeux Road, Central. Authorised Capital $10,000,000

-LONDON BANKERS - We est ter Bank Ltd. Foreign

very des business transact-

criptio

of

ngs: Ac-

posit Bores PHILIP COCKLEIN

Ghief Manager.

Foreign Exchange end. General Banking business I ́and Fixed Deposita Current Accounts – opened esctived-foes ons ryme/or, shorter periods stratos which will be quoted an application," "

Bank's_Head Offen in London, undernkas Executor and Trustee business, and recovery of British Income Agr" overpaid, terms which may be ascertained at

dh any of its Ágencies and. Branches.

A BREAFLET.

Manager Hong Kong, 1st January, 1985.

Bring Your PRINTING Problems to Us

They

ma Matt Bldg.

Mania

Los Angeles

Interest allowed - for Cur

for-fixed-per at rates to be obtained: an tians

Y. KANO; --

-Manager," Hong Kong, 13th November, 1936.

SHANGHAI COMMERCIAL &

SAVINGSE

(Inco

Capital paid- “Reserves

Capita “Savings: Reserve Savings De

Head Office***

- A Bank having as the indus

Hous

$600/