1937-02-09 — Page 17

THE CHINA MAIL, FEBRUARY. 9, 1987.·

INDUSTRIAL SITUATION IN BRITAIN

Trade has

AGUSAN GOLD MINES

TAKES OVER PLACER CLAIMS

pro-1 better than they have been for a long made further gress, and some

of the special time, but the full effects of devalua

The board of directors of the Agusan areas, such as Tyneside and Clyde tion have still to show themselves.

Cost of Living side, are now definitely sharing în At home, the rise in wholesale prices Gold Mines, Inc., Manila, recently de-

some in-lcided to take over for operation the recovery, says the latest issue has been accompanied by of Lloyd's Bank Review. Southcrease in the cost of living. So far placer mining claims in Naguilian as Wales and West Cumberland, how- the increase during recent months has recommended by L-W. Soivaleff, mining been mainly seasonal, while there have engineer. Profits will be divided 20 ever, remain very depressed.

also been some wage increases. These per cent for the claim owners and Taking the country as a whole, en movements are not sufficient to in-80 per cent for the Agasan firm, it ployment (exclusive of agriculture)dicate that we have entered upon

a was announced. touched a new high record of 11,120 cycle of dangerously rising prices, Tests of the properties show that 000, and the slight increase in mem

wages and costs. On the contrary,

a cubic yard of the placer ployment since October is entirely due such wage increases as have so far to the registration for the first time occurred will expand consumption and gave from P0.80 to P2.90. The opera- of about 9,000 unemployed agricultural purchasing power and ought not to tion cost for every cubic yard is esti- workers. Many districts and in-

dustries report a shortage of skilled increase costs unduly.

labour, and it is apparent that unem-

ployment is now either in the depress.

ed industries and special areas or re-

presents the normal shifting of labour, SOUTH WALES COAL

The trade revimal is now on a broader

basis than it was in its earlier stages,

for

it has spread from the capital

SHIPMENTS

goods industries to the consumption EXPORTS TO CANADA

DECLINE

months

claims

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised: Capital

$50,000,000

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

Sterling Hong Kong Currency

Reserve Reserve Liability of Pro-

prietors

£ 6,500,000

.$10,000,000

$20,000,000

HEAD OFFICE: HONG KONG.

·BOARD OF DIRECTORS. Hon. Mn. J. J. Paterson” Chairman.

G. Miskia, Esq., Deputy Chairman.

mated not to exceed P0.25. Work on 5. Boufeld, Esq. A. H. Compton, Esq., these claims will be started soon.

Hon. Mr. S. H. Dodwell, K T. Johnson,

The Agusan Gold Mines, Inc., has 2,169,750 shares issued at par value Lof P0.10 per share. The company

has stopped selling shares already

The company's mining engineers, together with a staff of workers, re- cently left for Baler, Tayabas, where 100 gold claims were acquired by with The engineer took the firm. him the necessary equipment to plore the 12-foot vein which gave one flash assay of $108 per ton.

AMOY BANGKOK BATAVIA BOMBAY CALCUTTA CANTON CHEFOO COLOMBO DAIKEN FOOCHOW The HAIPHONG RHAMETEG HANKOW

ex-1

Was

goods industries, while the October trade returns record an improvement in exports. Here a danger is that in some trades export business is being

According to the latest trade re survey in Paracale. Labo, and Mam- squeezed out by the home demand-

turns, shipments of anthracite from balao districts where the Agusan firm Recovery to Continue?

South Wales to Canada declined by has option for seven groups of

gold The usual trade indicators mostly!

claims is nearly completed, it point to a continuance of recovery. 113,217 tons during the 11

reported. There is a steady demand for in January-November, 1936. This re- dustrial chemicals and electric power presents a loss of 11 per cent. com- consumption has again increased. Re-pared with the corresponding period tail trade for October showed an im- in 1995 and of 15.7 per cent, com- provement of 7.4 per cent. on the pared with 1934. previous year, while imports of raw The materials continue to expand. improvement in exports, has already been noticed.

FOLLO

IPOH

JOHORE.

КОВЕ

KOWLOON

J. B. Masson, Esg K. S., Marrison, Esq., T. E. Pearce, Esq. A. L, Shields, Esq.

M. Grayburn, Esq.,

Chief Manager.

BRANCHES :--

KUALA LUMPUR

LONDON LEONS MALACCA VANILA MUAR (Johore)

MUKDEN NEW YORK

EPING PENANG BANGOON SAIGON

SAN FRANCISCO SHANGHAI *SISGAPORE.

→ SOURABAYA

SUNGEI PATANI

TIENTSIN

TOKYO

PISENGTAO

YOKOHAMA

Current Account opened in Local Currency and Fixed Deposits received for one year or shorter

from Ger- ANOTHER COMPANY periods in Local Company and Sterling on terms

Anthracite - shipments many to Canada, on the other hand, increased by 98,904 tons during the months January to October alone.

South. Wales will have to face fresh

competition from Russia, in addition to the rapidly expanding subsidised trade of Germany.

FORMED

Gold Star Mining Incorporated

which will be, quoted on application..

ALSO up to date SAFE" DEPOSIT BOXES in various sizes TO LET

Hong Kong, 24th February, 1936.

HONG KONG SAVINGS BANK

The Basiness of the above Bank is conducted by the HONG KONG AND SHANGHAI BANK ING CORFORATION. Bules may be obtained

FOR THE HONG KONG AND SHANGHAI BANKING COEPORATION.

M. GRAYBUEN,

Chief Manager.

On the other hand, November rail- way goods traffic receipts were the same as in November, 1935, while there is some evidence that the revival-in}

Last year, in spite of representations the building industry may for the made to the British Government by

The Gold Star Mining Co., Inc., a moment be making no further pro Sir Robert Horne's South Wales Trade

October and November have Recovery Committee, the

Canadian P2,000,000 corporation, has been re-on application: gress. witnessed an acceleration in the up- Government lifted its embargo on the gistered at the Manila bureau of com- Its original incorporators, ward trend of wholesale prices, so that imports of Russian anthracite into merce. it is clear that the devaluation of the Canada and agreed to the importa are JJ Elizalde, Ramon Campos, gold bloc currencies has not depressed tion of 250,000-tons a year.

Ricardo Descals, Fulgencio Borro dong Long, 24th British prices, as the depreciation of The committee then recommended meo, Clemente Hidalgo, Jose Ma. the pound depressed world prices in that the British Government should Cacho, Jesus Cacho, William O. A. 1931-32.

endeavour to arrange with the Cana- Leary, Mariano Cacho and Carlos THE YOKOHAMA SPECIE BANK

subscribed On the contrary, the recent strength dian

Government for a guaranteed Barretto. The firm's of wool and non-ferrous metals. sug minimum import into Canada from capital amounts to P400,000, of which gests that the general rearmament de South Wales of 1,000,000 tons of an- P100,000 has been paid up. "mand for these commodities is being thracite annually. It is hoped that reinforced by a new demand from the such an agreement will be attained. countries with devalued currencies.

This is adding to the purchasing power What is claimed to be the oldest of many

of our overseas customers, warship afloat, the Portuguese Vasco and so will assist

export trade. Certainly trade reports from a large da Gama, has arrived in the Clyde to number of countries are as good ord

THE

AMERICAN EXPRESS COMPANY

·INC.

Incorporated with Limited Liability in USA

Head Office: 65, Broadway,

Capital

Surplus

Reserves

New York

.E:S.$6,000,000.00

be broken up.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

Incorporated by Royal Charter, 1833. HEAD OFFICE: LONDON

Paid-up Capital: Reserve Fund

Reserve Liability of Pro-

prietors

$8,000,000. £3,000,000

£3,000,000

Agencies and Branches:

A $250,000 plywood factory is be- ing built at Willington Quay, Wall-

shipyard. send-on-Tyne, on the site of a former

LIMITED

Established 1880

Capital (fully paid-up) Yen 100,000,000 Reserve Fund -

Yen 130,900,000

Head Office: YOKOHAMA

Branches and Agencies at

THE BANK OF EAST ASIA, LTD. Alexandria

Authorised Capital Paid-up Capital

Bangkok Batavia $10,000,000.00 Berlin

# 3,598,800.00.

Beserve and Undivided Profite -32,685,836.52 Bombay

HEAD OFFICE:-HONG KONG.

-10, Des Voeux Boad, Central

BOARD OF DIRECTORS:--

Ym

Hon. Sir Shot-son Chow Chairman; la Kon Chun, E., P. E. Ewck, Taq Torg, Eng., Chan Ching Shak, ELi La Sang. Esq Wong Chu Sor Feq. and Kan Ying Po, Esq.

Kan Tang Po, Esq., Chief Manager.

Li Tse Fong, Esq., Manager:

BRANCHES AND AGENCIES:

Calcutta

Canton

Dairen (Dainy) Fengtien (Makden) Hamburg Hankow

Harbin

Hong Kong

Honolulu

Hsinking

2,240,344.38

Alor Star

Tailo

Amritess

Ipob

Saigon

897,612.65

Amay

Manila

Seattle

Bangkok

Kaschi

Betarik

Malbourne

Karachi

Suitarang

Bateria

Klang

Bombay

Shanghai

Kobe

Bombay

Calcutta

M-New York

Eingaporn

London

Calcutta

Lumpur

Sing

Canton

Osaka

Sourabaya

Souz

pbong

Paris

Swatow

Manila

eiping

Taipi

Los Angeles

Homolalu

nang

New Yak

(Peking! Penang

Tongkah

(Bhuket) Tsingtao

Kobe

Kareloom

Vancouver Toichaves

Moji Nagasaki

Nagoya

New York Osaká

Otra

Paris

Peiping Rangoon

Rio de Janeiro San Francis SeatHe

Semarang

Shanghai

Singapore

Sourabay

Tientsin

Tokyo

Tsingtan

Amsterdam

Andrea Athers

Dublin

Päinburgh

Florence Genera Genca

BRANCHES:

Gisanow The Hague

Havasz

Hamburg

Lugano.

Marseilles "Monte Carlo

Mazila

Monica

Munireur

Milan Nice

Naples

Faris

Peiping

Eotterdam

Shepton

Sing pate

Vienna,

emoe Yokohama Zurich

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

All classes of Commercial Banking Transactions undertaken.

Centon

Cammpore Cebu

Colombo Delhi

Zamboangs

Hankow Habi Hong Kong Foreign Exchange and General Banking, business transacted.

Current Accounts opened and Fixed Deposita received for one year or shorter periods at rates which will be quoted on application.

The Bank's Band Office in London undertakes and claims Executor and Trustee businesa,

ooovery of British Income Tax. overpaid, terms which may be ascertained at any of its Agencies and Branches.

A BREARLEY,

Manager Hong Kong, 1st January, 1935.

Lanka

Every description of Banking and Exchange Loans granted on approved

securities.

Current Accounts opened in Local Currency "and ̈ ̈ ̈"Fixed Deposita recehead>rformanDRA JOBEN OR shorter periods in Loval and Foreign Currencies on terms, which will be quoted, on application.

Safe Deposit Boxes To

THE WING ON BANK ETD

Head Office: Hong Kong.

Des Voeux Ros

Authe

LONDON BA

Central

000,000

Ac

Interest allowed for Curre counts.

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

Y. KANO,

Manager. 18th November, 1938.

THE

GHAI COMMERCIAL &

BANK!

Personal

investment

accounts

Company offers to intending ers, the use of

the

ped Travel

Bring Your PRINTING

Mems to Us

Chire Mail Bldg.

Deposit PHILIP Chief Mana