1937-03-09 — Page 17

THE CHINA MAIL, MARCH 9, 1937.

CHINA MERCHANTS

PROFITS

Operating Revenue Increased

JAPAN AND RAW MATERIALS

More Territory Is Needed

MACARONI FOR

HONG KONG.

An extensive industry in the pro- duction of macaroni, vermicelli, noodles and spaghetti is being de veloped in Canada with production Latest figures compiled by the China "If we had more territory, we would in 1935 amounting to 33,707,013 lbs. Merchants Steam Navigation Co. re be able to exploit and cultivate it ef-

Of this total nearly fige and a half real that the operating-revenue of the ficiently," a spokesman of the Gaimu-! company for the year 1986 shows an she said in the course of a statement million pounds were exported, the increase of $2,131,179.15 over, that of dealing with the forthcoming Geneva United Kingdom taking 4,161,504 the preceding year. Receipts from deliberations on raw materials..

Ibs., New Zealand-335,388 lbs, Japan freight account for an increase of Japan, the official emphasized, is 223,840 lbs., Hong Kong 186,752 and $1,670,995.56, the figures for this item usually classified as a "have-not na-a small quantity going to the United in 1936 and 1935 being, respectively, tion. The Japanese, he added, bave $6,840,247.56 and $5,169,252.00; while proved themselves capable of develop-States.

the passenger receipts of $2,014,719.78 ing the resources of the land they In the first nine months of 1936| for 1936 indicate an increase of $460,-owned. Japan's limited territory, he de-exports reached the total of 9,398,715 183.59 over the 1935 figure of $1,554,-clared, is too small to feed her teem-Ibs, so that figures for the year will 536.19.

ing population.

Total earnings for 1936, which in- The spokesman revealed that the Ja-be well over double the 1935 total. clude receipts from the operation of panese Government has no objection to

wharves and godowns and other re- the scceptance by Mr. Yasundo Sudo, COMMODITY PRICES

Prev. Yesterday

ceipts, besides the operating revenue, Commercial Secretary of the Japanese -is- $11,110,407.38, and represents an in- Embassy in Berlin, of his appointment

crease of $1,817,787.41 over the 1935 by the League of Nations as a mem- The following quotations have earnings of $9,292,619.97. Expendi-ber of the special committee on raw been received by Reuter:- tures for 1936 -remain comparatively materials which will open its deliber- the same as those for 1935, being, res-ations in Geneva on March 8. It was pectively, $9,555,618.54 and $9,155,817.- emphasized that Mr. Sudo, although 24. The net profit for 1936 is $952,- serving on the committee as its Jg-New York Cotton: 343.55, which exceeds that of $296,003.-|panese member, will do so in his pri- March 27 for 1935 by $656,340.28.

vate capacity.

May The spokesman said he could not July understand why Italy and Germany re- fused to be represented on the League's October

JAPAN SHIPPING GOLD

ex-

A "considerable part" of Japan's gold reserves of G.Y.555,275,000 will be shipped abroad next month for change into foreign currencies, Ja- panese Treasury officials have reveal- ed.

committee.

".

New York Rubber:

December Gaimusho officials believed that Mr. January Sudo will voice at the forthcoming dis- Spot cussions the view expressed by Mr. Hachiro Arita, former Foreign Minis- ter, in his speech before the Diet March January 21.

May July September

од

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION Authorised Capital $50,000,000 Issued and Fully-Paid-up. 20,000,000 Reserve Funds—

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. G. Miskin, Esq.,

Chairman.!!

M. T. Johnson, Esq., Deputy Chairman.

J. K. Bousfeld, Esq.,

K. S. Morrison, Esq.

A. EL. Compton, Esq., - Hon. Mr. J. J. Paterson,

Hoa. Mr. S. H. Dodwell, T. E Pearce, Esq.

J. E. Masson, Esq~ · A. L. Shields, Esq.

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

AMOX

BANGKOK

BATAVIA BOMBAY

CALCUTTA

CHEFOO COLOMBO

HAIPHONG HAMBURG

HONGEEW

BRANCHES

KUALA LUMPUR.

LONDOX

LYONS MALACCA MANILA

MUAR (Johor) MURDEN NEW YORK- FEIFING PENANG BANGOON SAIGON SAIGON

SAN FRANCISCO SHANGHAI

SINGAPORE

SOURABAZA SUNGET PATANI TIENTSIN

-TOYO

TSINGTAO

YOKOHAMA

Current Accounts opened in LocalCurrency and Fixed-Deposits received for, one year of shorter periods in Local Currency and Sterling on takana which will be quoted on application...

Closing

Closing

CANTON

14.02

13.86

DAIREN

13.60

13.46

13.44

13.28

13.05

12.85

HANKOW

HARBIN

12.97

12,81

ILOILO

13.00

12.85

ΠΡΟΣ

JOHORE

14.18

14.05

KOSE

KOWLOON

22.850

» 22.60n

23.07

2271

23.16

22.89

23.25

22.95

23.30

23.00

135/2

136

-117

114

118% 115%

108%

109

103%

10478

971/3

97%

Winnipeg Wheat:

May

1285%

1283

July

1243%

124%

October

113

113%

Statistics released by the Ministry December The exact amount to be shipped was of the Tientsin Customs, including

of Finance revealed that the revenue Chicago Wheat: not revealed, although it was admitted Lungkow and Weihaiwei, amounted to

May that further shipments of newly-mined $35,518,115, which showed gold will be made "whenever neces-

a decrease July

sary.”

of $5,570,895 as compared with the September The decision to ship the gold was Customs, including the Customs sta- May

revenue for 1935. The Chinwangtao Chicago Corn: reached at conferences between the tions along the Treasury and the Bank of Japan and

Great Wall, yielded

July As compared with the Yokohama Specie Bank

The gold will be deposited in foreign figure for 1935 this was a decrease of September

banks on the account of the Govern ment and will be exchanged for foreign currency by the Yokohama Specie Bank

$1,235,971

$192,339.

the

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

Hong Kong, 1st March, 1997.

HONG KONG. SAVINGS BANK

The Business of the above Bank is conducted by the HONG KONG AND SHANGHAT BANK- ING CORFORATION. Rules may be obtained on applicatio.

FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manger.

Hong Kong, 1st March, 1937.

THE YOKOHAMA SPECIE BANK

LIMITED

Established 1880

An increasing volume of bills have Treasury officials predicted that the appeared on the London money market nation's gold reserves would be in-recently, covering the financing of creased by Y.200,000,000 before the business with China. This develop- Despite the widespread smuggling end of this year through increased ment is of particular interest, says the during last July, August and Septem- production of the precious metal Evening. Standard." China, as one ber the Customs revenue for the period The gold shipped abroad will appar- of the primary producers, is gaining from July 1 to December 31 in 1935 ently be used as a stabilization fund, from the rise in commodity prices; reached $190,0000,000, exceeding the Capital (fully paid-up) Yen 100,000,000 Yen 130,900,000 to maintain yen exchange at the rate also the country is showing much more estimated figure of $180,000,000 for

Reserve Fund stability.

the first half of the 25th fiscal year.

Head Office: YOKOHAMA

Branches and Agencies at

of is. 2d.

THE

AMERICAN EXPRESS COMPANY INC.

Incorporated with Limited Liability in USA

Head Office:-65, Broadway, New York.

Capital

Surplus

Reserves

Arvelendam

THE BANK OF EAST ASIA, LTD.

Authorised Capital

$10,000,000.00 Paid-up Capital

5,598,600.00 Eeserve and. Undivided Profita --$ 2,685,895.52

HEAD OFFICL-HONG KONG. 10, Des Vaux Road Central.

BOARD OF DIRECTORS

Bon. Sir Shon-som Chowy Chairman; Li Koon Chun, Esq., P. E. Krok, Esq. Tong, Eq, Chan Ching Shak, Esq., Sang, Esq., Wong Chun Son, Esq. and Kan King Pa, Esq.

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

BRANCHES AND AGENCERS

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

Incorporated by Royal Charter, 1858.

HEAD OFFICE: LONDON

Agencies and Branches:

Alexandria Bangkok Batavia

Berlin

Bombay

Calcutta

Canton

Dairen (Dainy)

Fengtien (Mukden)

Hamburg

Hankow

Harbin

Hong Kong

Honolulu

Hsinking

Paid-up Capital

$3,000,000

Yem

Reserve. Fund

£3,000,000

Lan

Reserve Liability of Pro-

prietors

£3,000,000

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

Alor Star

Πάλα

Amritest

Amoy

Mazila

Seattle

-Ipoh

Rangoon Brigon

Batavia

albot.as

Bombay Cricut Canton

Shanghai

Semarang

Bangkok

Samarang

Karachi

Batavis

Kiang

Kobe

York

Eingapore

Bombay

Koba

Calcutta

Kula Lampor

London

Osaka-

Sourabaya

Centon

Kuching

Manila

Glaszor

Hayansi Hesburg HETTO

Milan Nice Naples

Haiphong Banbow Honolulu

Paris

Peiping

Penang

Peiping

Botterdam

Koba Kowloon London

Cawnpore Cebu Colombo Delhi

Saizon

San Francisco

Vancouver

aiphong

Hankow

Masila Medan

New York Peiping

(Policing) Penang

Los Angeles

Tongksa

(Banket)

Tringtao

Tokohamna

Zamboanga

⇓ BRANCHES:-

Ľadzas

Moji Nagasaki

Nagoya

New York Osaka

Dtar

Paris Peiping

Rangoon

Rio de Janeiro

San Francisco

Seattle

Semarang

Shanghai Singapore Sourabaya Sydney Tientsin

Tokyo

Andwerg Athens

Beale Bezlin Bombay

Cairs

Calentta

Copenhagen

Edimba Floretice

Gesps

Liverpool Incemo Lugano

LALLOF Marseilles Monte Carlo

Munich Montreux

Shanghai Southampton Singapors

Vesion Yokohams Zurich

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

All classes of Commercial Banking Transactions undertaken.

Personal investment handled.

The Company offers to intending Travellers the use of its Travellers Chequee" and Letters of Credit and, addition, the world-wide services ghly equipped Travel

E W. DUGGAN,

Manager.

Every description of Banking and Exchange business transacted. Lom granted on approved securities:

Current Accounts opened in Local Currency and Fixed Deposita.. mosivad. for one your or shorter periods in Local and Foreign Currencies on terzis, which will ha

Safe Deposit Boxes ed on application.

KAN TUNG PO,

Chief Manager.

THE WING ON BANK, LTD.

Head Office: Hong Kong. 26, Des Voeur Road, Central. Authorised Capital $10,000,000 LONDON BANKERS:- Westminster Bank, Ltd. ***Foreign Exchange and every des- cziption of banking business transact- Led

|

Current Accounts and Savings Ac comats opened. - Mixed Deposits, re- ceived at rates which will be quoted on application:

Trusteeship & Executorship-under- taken. Safe Deposit Boxes for hire.

#PHILIP÷GOCKCHIN,

Chief Manager.

Hong Kong

Foreign Exchange and General Banking business transacted.

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

The Bank's Head Office in Landen undertakes Excecutor and Trustee business, and recovery of British Income - Taz overpaid, terms which may be ascertained at any of; ita Agencies and Branches.

A BREARLEY,

Manage

Hong Kong, 1st January, 1935.

Wo Printing

PRICES

The Newspaper Enterprise d

*

Tsingtau

Yingkow

Interest allowed for Current Ae- counts.

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

Y. KANO,

Manager Hong Kong, 13th November, 1936

HE

SHANGHAI COMMERCIAL & -SAVINGS BANK LIMITED (Incorporated in China)

Capital paid-up---$5,000,000. Reserves

Capital Savings Dept Reserve Sa

AB

0,000.

$500,000. $600,000.

the

China

Hong Ko

Central:

Phone 31116.