1937-02-22 — Page 17

THE CHINA MAIL, FEBRUARY 22, 1937.

GERMAN CREDITORS LENIENT

JAPANESE COCOON DEBT AGREEMENT NANKING SHANGHAI

EARNINGS

Japanese cocoon raisers' earnings last year showed an increase of F.35,- 740,000 (10.2 per cent.) compared with 1935 and Y.61,165,000 (18.8 per cent.) over the previous five years' average, according to investigations by the Tokyo Department of Agriculture and Forestry.

-EXTENDED

(SPECIAL TO “CHINA -MAIL”)

Berlin, To-day.

The Standstill Agreement be tween Germany and her creditors has been extended for another year. The official report says that alto- The new agreement, which will gether 1,857,000 households or two per cent. less were engaged in cocoon rais- be known as the "German Crédit ing. The aggregate quantity of hatch-Agreement of 1987" will expire ». ed egg-cards brushed was 145,638,000 February 12, 1938. grammes, a drop of 3.7 per cent. The

The provisions of the agreement, total crop was as follows:-

Quantity: Amount which will extend the international (1,000 kwan) (Y.1,00) bank credits, granted to the Reich 41,392 199,968 since the War, are virtually iden 41,511 186,640

tical with those of the expirin. Total....

82,903 386,608 treaty. The above total quantity represents No repayment of debts will take an increase of 836,943 kwan (one per place by cash transfer, but cer cent), while the total value indicates

Spring Summer-Autumn

not

as heavy an increase as Y35,746,853 tain credit lines, which have (10.2 per cent.). As compared with been used for two or three years, the previous five years' average, though will be cancelled. the quantity shows a decrease of 8,495,445 kwan (9.3 per cent.), the amount indicates an increase of Y.61- 165,439 (18.8 per cent).

LUNGHAI RAILWAY

LOSSES

$10,000,000 In Sian Revolt

The Lunghai Railway has suffered loss of at least $10,000,000 as a result of the Sian revolt and the subsequent disruption of the service since Dec. 12 last year.

TOURIST CHARGES

Measures to increase tourist tra- ffic in Germany by the use of the Registered Mark will be taken.

For instance, no fee will be

charged for cashing travel Mark

cheques in Germany.

Instead, a charge will be made in the country where the cheque are bought, these fees going to the creditors to reduce indebtedness.

During the last credit agree- ment, short-term indebtedness was reduced from 1576,200,000 Reichs- marks to 1,202,000,000.

From March 1, 1933, the total

With the restoration of traffic on the amount of Registered Marks issued line, the railway authorities are busy reached the sum of 1,766,700,000, shipping cargoes which have been held the major part of which was used up at the stations along the wester sector to points eastward and all avail-

in Germany-Trans- able freight coaches have been drafted Ocean. for this purpose.

The Lunghai station at Hsuchow has! been instructed by the head office to sell through train tickets for the Green Express and the Peiping-Shanghai Blue Express.

.

for travel

bring

For expressing the opinion that the German army was trying to about a war, a young man has been sentenced to five months imprison- ment by a Brunswick court

A proposal by Rear-Admiral Byrd, the. Antarctic explorar, for a "six- The Bucker Aeroplane Company, of months' moratorium on war," is to be Rangsdorf, near Berlin, has exported brought to the attention of President over 50 planes during the past year! Roosevelt and Mr. Cordell Hall, the to European countries. Brazil, South Secretary of State.

Africa and Uruguay.

RAILWAY

Income Shows Big Increase

According to figures just released by railway authorities in Shanghai, the Shanghai-Hangchow-Ningpo Railways total income of the Nanking-Shanghai. for the 25th fiscal year amounted to $20,491,161.51, showing an increase of $95,762.52 as compared with that of the previous year.

Of this total $14;199,586.10-was de rived from passenger services $4,950,- and 291.09 "from freight service; $1,341,284.32 from miscellaneous sour-

ces.

The total receipt of the newly open- ed Soochow-Kashing Line for the! period from July 15, to December 31, 1936 is given at $79,143.88.

In order to develop the industries of Hainan Island, Mr. Kno Kuchnen, wealthy Malaya Overses Chinese mer- chant, has decided to invest $1,000,000, national currency, for that purpose.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA-

Incorporated by Royal Charter, 1888.

HEAD OFFICE: LONDON -

Alor Star Ammiteer

Bangkok

Paid-up Capital Reserve Fund. Reserve Liability of Pro-

prietors

$3,000,000 £8,000,000

£3,000,000

· Agencies and Branches:

Coilo

Ipoh

Kaschi

Rangoon Stigon Sam

Keals Lampor Enching

Cavapora Coba Colombo Delki

adras

Singapore Sitiawan Sourabaya

Peiping

Penang

Batacia Bombay Calcutta

Canton

Fobo

Taping Tieutrin

Tongkah-

Bhuket)

Fotobaza Zamboanga

General Banking boxiness

Hong Kong Foreign Exchange and

received for one year or sharter periode at rates transcted.

Current Accounts opened and Fixed Deposits which will be

The Bank's on application

Office in London undertakes. Executor and Truston busine, and claims recovery of British Income Tax overpaid, an terms which may be ascertained at any of its Agencies and Branches-

A. BRKARLEY,

Manager Hong Kong, 1st January, 1935.

BANKS

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

$20,000,000

HEAD OFFICE: HONG KONG.

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

G. Miskin, Esq., Deputy Chairman.

J. K. Bouzfeld, Esq. A. H. Compton, Esq. Hon. Mr. H. Dodwell, M. T. Johnson, Eaq

AMOT

J.B. Hamon, Esq.. 5. S. Morrisca. Esq. T. E. Pearce, Esq., A. L. Shioids, Esq.,

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

• BANGKOK BASTAVIA *BOMBAY

CALCUTTA

CANTON CHEFOO COLOMBO DATE FOOCHOW HAIPHONG HAMBURG HANKOW HABBIN HONGREW ILOLO

ПРОБ

JOEOBE

кова

KOWLOON

BRANCHES:-

KUALA LUMPUR-

LONDON LYONS KALACCA MANILA

MUAR (Jobore) MUEDEN NEW YORK

FELPING BANGOON SAIGON SAX

FRANCECO SHANGHAI B SINGAPORE. SOURABAYA SUNGEL PATANI TIENTSIN TOKYO

TSINGTAO

YOKOHAMA

Current Accounts opened in Ecoal Curmney and Fixed Deposita suozived for one year, or shorter periods in Local Company and Starting on terms which will be quoted on application...

ALSO up to date SAFE" DEPOSIT BOXES in. „Tarjous, İsites · TO TEN.

Hong Kong, 24th February, 1936.

HONG KONG SAVINGS BANK

The Business of the shore Bank is conducted by the HONG KONG AND SHANGHAI BANK- ING CORFORATION. Bules may be obtained

on application,

FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION.

V. I. GRAYBURN,

en Chief Manager. Hong Kong, 34th February, 190S.

THE YOKOHAMA SPECIE BANK -LIMITED-

Established 1880- Capital (fully paid-up) Yen 100,000,000 Reserve Fund- Yeri30,900,000.

Head Office: YOKOHAMA Branches and Agencies at

Alexandria

THE BANK OF EAST ASIA, LTD. Bangkok

Batavia

Authorised Capital

$10,000,000.00

-Berlin

Paid-up Capital

Bombay

Calcutta

Canton

Мої Nagasaki

Nagoya

New York

TRAVEL

Strange countries, strange faces, strange customs- these are the attractions that lure travelers from their lands. it is in these strange lands that travelers become aware of the need for protecting their travel funds.

Beserve and Undivided Profita --E 2,688,394.52.

HEAD OFFICE:—HONG: KONG.

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

Hon. Sir Bhoo-son Chow, "Chairman; Li (Knot Chum, Bag, P. L. Kwok, Faqs Wong Yun Tong, Faq., Chan Ching Shal, Esq., Li Lan Sang. Bag, Wong Chun Son, Bag, and Kan Ying Po, Fag

Amoy

Kan Tong Pa, Esq., Chief Manager. Li The Fong, Eag Manager.

BRANCHES AND AGENCIES

Batavia

Manda

Mallburne

Dairen (Dainy)

Osaka

Obra

Paris

Peiging

Fengtzen (Mukden) Rangoon

Hamburg

Hankow

Harbin

Hong Kong

Honolulu

Hsinking

Karachi

Bombay?

Namaki

Kobe

And

Calcutta

New York

-Canton po

Souza

London Mamilayo

Haiphong

bok

Robe

ckyo. Vancouver

and Exchange Con approved··

Rão de Janeiro

Seattle

San Francisco

Semarang

Shanghai

Singapore

Sonrabays

Sydney

Tientsin

Tokyo

Tsingtan

Los Angeles

Yingkew

Interest allowed for Current Ae-

Deposits received for fixed periods at rates to be obtained on appl tiotis

YKANO,

Manager. Hong Kong, 13th November, 1936.

American Express Travelers Cheques

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

THE AMERICAN EXPRESS CO., INC.

Incorporated with Limited Liability in U.S.A...

No. 4, Des Voeux Road, Central

Emery: description of Bankin business, transacted. ¦- securities

Current Accounte~ opened in Local and Fixed Deposita received. -- for -aborter · periods in Local - and

on - terms which-will, “ha

Sale-Deposit Boxes To Let

· KAN TUN

Manager.

THE WING ON BANK, LTD.

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

LONDON BANKERS

dals Westrainster Bank La

Foreign Frei

cription of

Current Ac

cerved

Trusteeshin &

THR

SHANGHAI COMEET

SAVINGS BANK LIMITED

(Incorporated in China

Capital pad ng

Reserves

every des-

Capital

Reserve

Safe Deposit Boxes

PHILIP COCK:

Manager

$5.000.000.

00,000

0.0007 00,000.