1937-02-18 — Page 17

BANKS

•HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised

Issued an Reserve

Sterling

$50,000,000 20,000,000

6,500,000

$10,000,000

Hong Kong Gurrancy.

Beserve Reserve Liability of Pro

prietors

A distinctly more favourably out-cotton piece goods rose from 26,000,000 square yards to 31,200,000′′ square- look regarding British trade with yards for the first 11 months of last China and the Far East is indicated year

The effect of quotas is beginning to Stocks: Rail statistics continue to in the report of the China and Far be good, and we would maintain a East Section of the Manchester be felt though it is disappointing to see that not a larger proportion of the selective attitude in this field. In Chamber of Commerce.

trade is being enjoyed by the United the industrial section of the market, But in spite of this, the report de Kingdom, and the need for additional while there is a tendency at present clares, the heavy toll of difficulties safeguards to make the measure more to over-emphasise the importance of caused by internal dissensions and po-effective has been urged by the Cham-

litical complications has had an almost ber to the Government. re-armament, copper statistics as neutralising effect upon many efforts Trade in cotton textiles is likely to well as the assurance of an increase, to bring about a general improvement be further improved now that the However, it continues, the Chinese chief products of the country, rubber in demand from industry make low- cost copper producers attractive at National Government has been steadily and tin, are showing a marked rise in

gaining recognition and acquiring pow-price. these levels Lead and zine also er throughout the country and the re In the first 11 months of last year continue to be in a strong position forms introduced by it have been stead- the report concludes, the Netherlands Hon. Kr. 8. H. Dodwell,

East Indies took 22,900,000 square. T. Johnson, Esq. Uncertainties elsewhere continue and ly working out successfully.

yards of United Kingdom cotton piece we look for an irregular and selec

goods compared with 10,300,000 square tive market, with metals and oils as

yards in the previous year. the favourites.

.

Wheat: Periods of buying on the part of importers and consequent strength of prices are affording good opportunities to take part pro- fits and we would continue to pur- chase on any set-backs.

acre.

Cotton Goods"

With these signs of progress it is surprising that cotton piece goods should have shown so few signs of im- provement. The last few years have seen a steady decline in the amoun of cotton piece goods taken by China from Great Britain.

COMMODITY PRICES

In 1933 China took 33,800,000€ square yards, in 1934 14,500,000 square yards, in 1935 8,400,000 square yards

The following quotations have and during the first 11 months of last been received by Reuter:- year the latest figures available

Total sales:-30,116,000 bushels. Cotton: The American Cotton | 4,300,000. square yards.

The reason for this fall, the report Crop Service reports a tendency

considers, lies in the import tariff. The New York Cotton: towards a heavy increase in acreage duties are so high that they have be- March in all major crops. This will mean come almost prohibitive. It is to be

been May a heavy increase in work and in hoped that now the point has stock sales and possibly a larger reached where the law of diminishing July

returns operates, some reduction in the October We yield per

accordingly

rates now obtaining may be looked for think that the situation warrants

December Export To Hong Kong profit-taking on bulges and we would The high duties operative in China January confine purchases to declines. have reflected in the quantity of cotton Spot

The statistics just published by piece goods exported to Hong Kong, New York Rubber: the Rubber Manufacturer's Associa- the case of yarn the demand has been

which is largely an entrepot trade In March tion were better than had been ex- steadily maintained owing to the large May pected and this factor has loaned local industry engaged in the produc-July the market added support.

tion of shoes and hosiery.

$20,000,000

HEAD OFFICE: HONG KONG.

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

G. Miskin, Esq.,

Deputy Chairman

J. K. Bousfaid. Ex.. 4. E. Compton, Esq...

AMON

CANTON CHEFOO COLOMBO

DAIREN

FOOCHOW

FAIPEONG

HAMBURG HANKOW HARBIN

HONGKEW MONDO

IPOE JOHORE

KOBE

KOWLOON

J. B. Masson, Esq.,

T. E Pearo

Esq.

Ma Grayburn, Chief Manage.

BRANCHES:--

KUALA LUMPUR-

LONDON LIONS MALACCA MANILA MUAR (Jobore)

MURSTEN NEW YORK FELPING PENANG RANGOON SAIGON

SAN FRANCISCO SHANGHAIT

SENGAPORE SOURABAYA SUNGE PATANI TIENTSIN TOKYO TSINGTAO

YOKOHAMA

Current Accounts opened in Local Currency and Fised Deposits; reosized. for one year or aborter periods, in Local, Company and Sterling on terms

which set be quoted an application.

ALSO up to date SARE-DEPOSIT BOXES in Various sizDE TO LET

Hong Kong, 24th February, 1935.

HONG KONG SAVINGS BANK

Prev. Yesterday Closing Closing

·12.57

12.59

12:38:

12.41

12.26

12.26

11.82

11.80

-11.78

11.74

11.780.

11.73

13.06

12.98

21.05

21.23

21.162 21.30

21-22a

21.32a

21.24a

21.25

21.32 21.32n

135

118

--114%

135 118 4147

V. M. GRAXE JEN,

Chief Manager, Hong Kong, 24th February, 1988,

al

Chicago Com: Rub-states, throughout 1936 for revised

Negotiations continued the report May July

1093%-

108

104

Spot

March

Apr/June

July/Sept

Buyers.

86% Up 36% Up 36% Up .36% Up

terms for the conduct of trade with Hong Kong. It is hoped it will be September possible to issue the approved terms Winnipeg Wheat: to the trade early this year, an

May

127

Market: Firmer.

More Safeguards. Needed Begarding Malaya, better account is given. Since 1933 British exports of

July

October

SINGAPORE RAW RUBBER

Messrs. H. B. Joseph & Co., received the following quotations from Singa pore in Straits Currency for Raw

ber:

September December

A large proportion of this trade eventually finds its way back to Great Britain, as the exports of shoes are Chicago Wheat: mainly to British possessions, and in May order to qualify for preferential tariff July treatment they must contain a definite percentage of British labour or mater September

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

~HONG KONG AND SHANGHAI HAKKING" "CORPORATION,

THE

AMERICAN EXPRESS COMPANY

INC.

Incorporated with Limited Liability in USA.

Head Office: 65, Broadway, New York

Capital

Surplus

Reserves

THE BANK OF EAST ASIA, LTD.

Authorised. Capital Paid-up Capita

Beserve, and Kindívided. Profis

-$10,000,000.00 5.598.200.00 2,885,835:52

HEAD OFFICË HONG KONG. 10. Des-Your Boad, Central

BOARD OF DIRECTORS —— Hou. Sir Shou-son Chan, Ch Chum, Esq.

Tong, Esq., Chan Ching: Shek Sans. Eaq, Wong Chu Son, Esq. and Kayy Ying, Ro, Esq-

U.S.$6,000,000.00 2,240,344.38 897,612.65

Bata

BRANCHES:

Glasgow

The Hagus

Milan Nice

Kan Tung

Haiphong

Honolulu Kobe

Kowloon

1222 12242 1113/ 1127/s

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

Incorporated by Band Charter, 2800.

HEAD OFFICE: LONDON-

THE YOKOHAMA SPECIE BANK

LIMITED

Established: 1880

Capital (fully paid up) Yen 100,000,000

eserve Fund

Yen 130,900,000

Head Office: TOKOHAMA

Branches

Agencies st

Mon

Nagasaki

Nagoya New York Osaka

Paris

Reiping

Fengtien (Makden) Rangoon

Hamburg

Batavia

Berlin

Bombay

Cabutts

Canton

Dairen (Dainy)

Paid-up Capital

£3,000,000

Li Econ

Reserve Fund -

$3,000,000

Reserve Liability of

Hankow

prietors

,000,000

Harbin

Agencies and Branch

Hung Kong

Honolulu

Alor Star

Hsinking

Karachi

Kobe

London

Manila

Los Ang

Interest allog

High. Currencies

Canton "Camaspore

Ceb

Colombo

Hamborg

Brakow

tions.

Deposits

Rio de Janeiro

San Francisco

Seattle

Semarang Shanghai

Singap

Sourabaya

Sydney Tientsin

Tokyo

Yingkow

for Current Ac-

red for fixed periods tained on applica-

Y. KANO,

Manager

Hong Kong, 18th November, 1936.

Branches Company in

cifies of Unitedi..

classes

mercial Banking

investment

Every description business transacted. securities.

“Current" "Accounts and - Fixed Deposite

shorter periods in

on tezzas. which.

Banking and Exchange Loans pršited on approrad.

Local : Comienzy

THE WING ON BANK LTD.

"Head Office: Hong Kong.

Foeux Road, Central

Capital $10,000,000

KRANKERS

Exchange and every, des-

Foreign Exchange and General Banking businesE transacted.

Current Accounts opened and received - for- ons Test, Dr - shorter which will he quoted on applies

The Banca Band Offer Executor Fand easted bas „recovery of British 3: Tooob which may Agencies and Bes

Hong Ko

Job Printing

Newspaper Enter

SHANGHAI COMMERCIAL, &

BANK LIMITED

000.

3,000.