1937-02-12 — Page 17

THE CHINA FEBRUARY 12, 1937. A

LONDON PLEASED BY CHINA RAILWAY SETTLEMENT

TERMS NOT YET OFFICIAL, BUT ANNOUNCEMENT EXPECTED

·༄

LONDON, TO-DAY.

THOUGH NO OFFICIAL CONFIRMATION IS FORTH- COMING IN LONDON OVER THE RUMOURED HUKUANG RAILWAY BONDS SETTLEMENT, THE CITY IS EXTREMELY PLEASED WITH THE REPORTED TERMS.

Hukuangs on Wednesday morn- if the reports are true, but the ing were dealt in at around 64 for majority of brokers look for gra- undrawn bonds and 621⁄2 for drawn dual appreciation of the Bonds as bonds. The market ruled very firm their investment qualities begin to and only a very small amount of be appreciated. Reuter. stock was available.

FEELERS PUT OUT?

While an official announcement is still believed to be imminent, some quarters are inclined to be- lieve that unofficial reports repre- sent feelers put out by the Chinese Government in order to test re- action.

SALT GABELLE LIEN

NEW YORK STOCK MARKET

Effect Of The Motor Strike

BANKS

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA-~

Incorporated by Royal Charter, 1855. HEAD OFFICE: LONDON

Aloe Star

Hallo Ipoh Kachi

Klang

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised Capital. .$50,000,000 Issued and Fully-Paid-ups. 20,000,000 Reserve Funda com mana

Reserve

HEAD OFFICE: HONG KONG.

BOARD OF DIRECTORS.- Hon Mr. II. Paterson Chainman.

Sterling

£6,500,000

Paid-up Capital

£3,000,000

Hong Kong Currency -

$10,000,000:

Reserve Fund

$3,000,000

Reserve Liability of Pro-

prietors

$3,000,000

Reserve - Liability of Pro-

prietors

$20,000,000

Agencies and Branches:

Rangoon

Saigon

Seremban

Fabe

Shangha

Calcutta Canton Cawnpore

Kuala Lumpur

Kuching

Manila

Colombo Delhi Haiphong Hamburg

Meds

Singapore Sitiawan Sourabaya Taiping- Tientsia

New York

Tongkah

Peiping

(Banket)

(Peking

Tsingtao

Penang

Tokohama

Zamboangs

Asaritsar.. Bangkok Batavia Bombay

Cebu

Hankow

25 bin

Hong Joon

Madras

Samarang

Foreign Exchange and General Banking business transacted.

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

The "Bank's Bead Office in London, undertakes, Executor and Trustee business,

claims recovery of British - Income Tax overpaid, on terms which may be - sacertained at any of its Agencies and Branches.

A. BREARLEY

Manager. Hong Kong, 1st January, 1935.

Authorised Capital Paid-up Capital

Beserve and Undivided Profite

$10,000,000.00

$ 5,598,800.00 $2,485,306,59

HEAD OFFICE:-HONG KONG, 10, Des Vœux Eoad, Central.

BOARD OF DIRECTORS:-

Hon. Sir Shon-son Chow, Chairman; Li Koon Chun, Esq. P. A. Kwok, Esq. Wong Yan Tong, Eng., Chan Ching Shok, "Bag...,_LXi - Lan. Sang, Esq., Wong Chu Son, Esq. and Ken Ying Po, Esq.

Kan Tung Po, Esq., Chief Manager... Li Tse Fong, Esq., Manager.

BRANCHES AND AGENCIES :--

Messrs. White, Weid & Company, THE BANK OF EAST ASIA, LTD. The more optimistically inclined New York correspondents for Messrs. suggest that China has already S. E. Levy & Company, report:-

There are some fears that the statis- reached an agreement with Ameri-tical position of gasoline stocks is can holders of the bonds who threatened by the automobile strike hitherto had been holding up nego and that this is at present responsible tiations by demanding

for the market action of oils, but we better

believe this view to be over-pessimistic terms, especially in regard to ar-and we consider the present an excel- rears, than other interests (British,lent time to build up a long position French and German) were willing generally. The high rate of operation for long-term capital appreciation to accept.

in the steel industry together with the. improved outlook in other fields is at: The fact that Hukuang Bonds present contending with labour and are being quoted at a higher price political uncertainties and we continue than Tientsin-Pukows, who have to see a further advance before the oc-

currence of any substantial recession. been accorded similar terms, is at- Rails to-day were again upward and tributed to the report that Hu-the trend of steel shipments continues kuangs will be given a lien on the to justify purchases of selective rail issues. Purchases of selective utilities Salt Gabelle, now regarded as ex-at these levels are also fully justified cellent security.

In the industrial section, the continu- Moreover, the City expresses ance of the good statistical position pleasurable surprise regarding makes the low cost of coppers still at- the payment of five per cent. at such an early date.

tractive.

Business done: 2,920,000 shraes. To-day, Friday, February 12, (Lin- It is not expected that any sharp coln's Birthday) will be a public holi- day in the United States, so that all upward movement will occur, even markets will remain closed.

TRAVEL

Strange countries, strange faces,

strange customs these are the attractions that lure travelers from their lands.

Amer

Bataria Bombay Calcutta

Canton

Manila

Seattle

Melbourne

Semarang

Nagasaki

Shanghai

New York

Eingapore

Deale

Haiphong

Paris

Hankow Hopalalu

Peiping

Fenang

Razgo

Kowloon

Saigon

Sar Francisco

Kobe

· Londwa

Sonrabaya Suator Sydney.. Waboku Tierleir TekTo Vancouver

Every description of "Banking and Exchange business transacted Loans granted an approved

sacurities.

Current Accounts opened in Local Currency and Fixed Deposits received for one year aborter periods in Local and-Foreign. Currencies on terms which will - be

Safe Deposit Boxes 16 on application.

KAN PUNG PO,

Chief Manager.

G. Miskin, Esq.

Deputy Chairman.

J. K. Bousfeld, Esq.,

A. H. Compton, Esq

Hot Mr. S. H. Dodwell, M. T. Johnson, Esq.

AMOF

LE Masson, Esq. F. S. Morrison, Esq.

~: T. E. Perron, Esq., a

A. L: Shields, Esq...

V. M. Grayburn, Esq., Chind-Manager.

BANGKOK BATAVIA... BOMBAY

CALCUTTA CANTON- CHEFOO

COLOMBO- COL DAIREN

FOOCHOW" HAIPHONG--

HAMBURG HANKOW HARRIN BONGAEW

ILOILO

IPOH

JOHORE

ROBE

KOWLOON

BRANCHES

KUALA LUMPUR

LONDON LYONS MALACCA MANILAS. MUAR (above) MUKDEN

NEW YORK" FEIFING PENING BANGOON SAIGON

SAN FRANCISCO-

SHANGHAI SINGAPORE.:- SOURABAYA” SUNGEI PATANI TIENTSIN

TSINGNED YOKOHAMA

Current Accentnis opened di Local Currency mand:C Fixed Deposita zeceivedendoon.com/-pase- or "siteter – periods in Local Company and Sterling on terms which will be quoted on application, ple

ALSO up to date SAFE DEPOSIT BOXES in Tarious sizes TO LE

Hong Kong, 24th February, 1936.

HONG KONG SAVINGS BANK

by the EONG RONG AND SHANGHAI BANK The Business of the above Bank is conducted ING CORFORATION. Eales may be obtained on application

FOR THE HONG KONG AND SHANGHAT-- BANKING CORPORATION.

V. M. GRAIBURK,

Chief Manager. Hong Kong, 4th February, 1996-

THE YOKOHAMA SPECIE BANK

·LIMITED

Established 1880

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

Yen.130,900,000

و

THE MERCANTILE BANK OF INDIA, LTD.

HEAD. OFFICE:

15, Gracechurch Street, London, ECA. Authorised Capital

Subscribed Capital.

Paid-up Capital

Reserve Fund & Rest

BANKERS: -

Head Office: YOKOHAMA Branches and Agencies at

Alexandria Bangkok Batavia Berlin

Bombay

Calcutta

Canton

£3,000,000 | Dairen (Dainy):

1,800,000 Fengtien (Mukden)

1,050,000 Hamburg 1,247,830

The Bank of England & Midland Bank, Ltd.

BRANCHRS:

po Kandy

Ketchi Kota Bharu

And

Bangkok Bombay... Calcutta Colombo

Delhi

Galle

Hong Kong

Howrah

Madz

it is in these strange lands that travelers become aware of the need for protecting- their travel funds.

American Express

Travelers Cheques

are the medium through which you can be assured of the safety of the funds you carry with yous:

THE AMERICAN EXPRESS CO., INC. Incorporated with Limited Liability in USA.

No. 4, Des Voeux Road, Central.

Kuala Lápis

Koala Lungu

Kew York Pening Fort Louis (Mauritius

Fangoon Shanghai

Kosaten (Pahang) Simia

Singapore

HONG KONG BRANCH.

Every description of Banking and Exchange business transseted.

Travellers Choquar “innad.”

Trustee and Ernestomkipa underiskan. INTEREST allowed on Current Accounts and Fixed Deposits at Bates that may be ascertained on application.

R. KENNEDY,

7, Queen's Road, Central,

Hong Kong, 24th July, 1995.

Manager

THE WING ON BANK LTD.

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

LONDON BANKERS: Westminster Bank, Ltd. Foreign Exchange and every des cription of banking business transact- ed.

Current Accounts and Savings: Ae- counts.opened Mixed Deposits ceived at rates which will be quoted on application.

Trustbeship" & "xecutorship “under- <taken. Safe Deposit Boxes-for

PHILIP GOCK CHIN, Chief Manager.

Hankow

Harbin

Hong Kong

Honolulu

Hsinking

Karachi

Kobe

London

Manila-

Los Angeles

Moji Nagasaki Nagoya

New York Osaka

Parisz

Perping

Rangoon

Bio de Jenero

San Francisco. Seattle

Semarang Shanghai Singapore Soura Sydney Tientsin

Tokyo

Tsingtan

Yingkow

Interest allowed for Current Ac- counts.

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

Y. KANO,U

Manager. Hong Kong, 13th November, 1886)

THE

SHANGHAI COMMERCIAL

SAVINGS BANK LIMITED (Incorporated in China)

Gapital paid up Reserves

Capital Sayings Beserve. Saving

AB

the