1937-03-29 — Page 17

CHINA MAIL, MARCH 29, 1937.

JAPANESE GRIP

ON MALAYAN IRON ORE

htening its grip on the iron-ore supply from British-Malays while the world fron and steel famine is threatening to throttle Britain's -heavy industries.

NEW TIN-PLATE PROCESUL

Now Progressing In America

Work now under way at the Pitts- Thus the Empire sees the paradox of burgh Crucible plant of the Crucible a part of its territory provide a foreign Steel Co, and also reported to be in Power with materials for armaments Steel Corporation plants may result progress at one of the United States Japan controls virtually all the iron-in a new electrolytic tim-plate process ore mines in Malays, and practically all which will reduce the cost of manufac- the ore is shipped to Japan.

to

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA-

HEAD OFFICE: LONDON-

£3,000,000

Paid-up Reserve Reserve

priet

BANKS

KONG AND SHANGHAI ANKING CORPORATION

Aufborized Issued and Falk

Reserve Funds:

Sterling

Hong Kong Lunter

Reserve

£000,000

Agencies and

Reserve Liability of Pro-

Alor Sta

Kangoon

$20,000,000

Calout

The Malayan output of iron-ore last ture by ten per cent.

The electrolytic method whereby tin year rose by over 200,000 tons 1,612,309 within 12 months. This in-the usual hot-dip procedure, would re- is deposited on black sheets instead of crease was entirely due to the exten- duce the amount of tin needed for any sive developments of mines in the Ma- grade of plate. Estimates in informed lay State of Trengganu by the Nippon

that standard grades Colombo quarters are Mining Company, whose exports were might be coated with only half a pound a million tons.

of tin per base box instead of 1 Tbs. as at present, alowing a reduction of 50 cents per base box, which now sells at 4.85 dollars.

Further development of iron-ore 'de- posits is to be made in the State of Johore by the Ishihara Sangyo Koshi “Ltd

Additional Output Extensive development is also pro- ceeding at Bukit Best, where 50,000,000 tons is reported to be available on the surface and it is reported that the NIP pon Mining Company is aiming at an additional output of 250,000 tons this

*year.

Work is going ahead on a large pier out into the sea, which will permit lighters to load at low tide during the eight months of the year when the northeast monsoon does not blow.

Cebu

Delhi

phong

Hamburg Hankoer Harbin

Hoan Xoay t

transacted.

Kuching Madras

Mediso

New York Pairing

(Paking)

Parang

Current Accitas opened and Fixed Deposite

received for one year or shorter periods at rates which will be sputed on application

This would mean a saving of slight- Pareign Exchange and General Banking bouches ly more than ten per cent. It is stated that the quality of the plate would be the same under the new method, and also that plate of higher quality could be manufactured for the same price.

Effect On Can- Industry One of the characteristics of the electrolytically produced plate is a greatly reduced porosity.

It is stated that if the new method

is commercially successful it would result in obsolescence of a heavy in- vestment in dipping equipment in in-

Executor

The Bank's Head Offer in London undertakes and Trustee business, stud claims recovery of British Izsome faz oruspaid, on terms which may be ascertained at any of its Agencies and Branches.

A. BREARLEY,

Manager Hong Kong, 1st January, 1935.

HRAD OFFICE: HONG KONG.

BOARD OF DIRECTORS,

- G. Miskin, Esq.,

Chairman.

MT Johnson, Esq.,

Deputy Chairman.

J. E. BourSald, Eng.,

AS, Morrison,

A. E. Compson. Engu, doan Mzi Jalla Zabuko Bot. Mr.S. E. Dodwall, 2. R. Panky 12"

.E. Masson, Eag

AMOT

A. L. Shields, Bags V. M. Grayburn, · Bag.,

BANGKOK BATAVIA

HOW SONG

-Chief Manage

“. BRANCTIES:

LUNDON

ALUER (Johors)

NEW YORK

PERANG

BANGOOM

SAIGON

- SAN FRANCISCO

"SYANGEAT-

SINGAPORR !

SOURART BUNYI PLUTA NË TIRKISIS

УОКОНАМА

TSINGTAO

KOWEL KUALA

$10,000,000.00 8,600.00

Ore rained in Malaya is of such good dustry.. quality the greater portion of it being t high-grade haematite averaging about be important as it would help in com-

The effect on the can industry would THE BANK OF EAST ASIA, LTD. 64 per cent of metallic iron-that the petition against other types of packing comparatively high costs of transport by the introduction of have not prevented it taking an impor- tant place in Japan's list of imports, which includes ore from China, Korea and Manchukuo," as well as the Phi lippines and Australia.

“RED INK” BONDS

better cans: profits would probably be Paid-up Capital

cheaper and Authorised Capital unchanged as most can contracts are Reserve and Undivided. on a cost plus basis, varying with the price of tin-plate.

Profits

| 2,776,726:75

HEAD OFFICE: HONG KONG. 10, De Vour Road. Central..

BOARD OF DIRECTORS:--

Although it is reported that Crucible Steel began production of the new sort of tin-plate last summer, the company has not disclosed the amount of its go. Sir Shou-son Chow, Chairman; Li Kean “Red ink" bonds will soon be sold in investment in the new process nor what Chan, Rage F. K. Irok. Japan's post offices along with postage difficulties, if any, have been encounter: Teng Eq. Chan Ching-Shek stamps if the Treasury succeeds ined in commercial production. ́carrying out its present plans:

Faced with the task of marketing Y360,000,000 worth of budgetary de ficit bonds in 1937-38 fiscal year, Tres- sury officials decided to set a precedent by selling the securities to the "man- -in-the-street.”

Hitherto, Japan's budgetary deficits have been covered by borrowing from huge banks and trusts, which preferred to invest their idle funds in State-bords instead of in industry.

Treasury officials also emphasised their desire to popularise bond issue," by spreading it among the largest pos- sible number of people.

THE WING ON BANK, LTD.

Head Office: Hong Kong. 26, Der Toen Road, Central.“ Authorised Capital $10,000,000

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

Curent Accounts and Savings Ac- counts opened. Mixed Deposits re- ceived at rates which will be quoted on application

M.. Vladimir Sokoline, Counsellor at Trusteeship & Executorship under. the Russian Embassy in Paris, has been taken. Safe Deposit Boxes for hire. appointed Under-Secretary-General of the League of Nations in succession to

M. Rosenberg, new Soviet Ambassador to Spain

PHILIP GOCK CHIN, Chief Manager.

Woo

Sang. Bag, Wong Chu Son, Esq, and Tan Ying Po, Esq.

Kan Tang, Pe, Esq., Chief Manager. In The Fong. Bag, Mapagır.

BRANCHES AND AGENCIES

Batavia

Bombay

Calcutta Canson

Bankow

Fondlalu.

Lowious London

Every description of Banking business transacted.

Current Accusante opened in Loos! Cur and Fixed Depozite received"-kar com you shorter periods in Local and Fasign- Cure on terms which will be quoted on

Safe Deposit Bezes To Let

KAN TUNG-PO,

HONG KONG SAVINGS BANK

The Business of the above: Bank-in: conducted by the HONG KONG AND BHANGULAT BAXK- ING CORPORATION. Hälm may be obtained 'an application.-

FOR THE HONG KONG AND SHANGHAI

·BANKING CORPORATION.

V. K. GRAZBURK,

Hong Kong, lat. Karch, 1967.

THE YOKOHAMA SEFCIE BANK LIMITED

Beserve

1880

Yen.100,000,000 Yen 132,650,000

Head Office: YOKOHAMA

Alexandria

Bangkok

Batavia Berlin

Chief. Manager. -

Bombay

Calcutta

Canton

Dairen (Dainy)

“Land Agencies" at

Moji Nagasaki

Nagor

New York Osaka

Paris

Peiping

THE TAIKOO DOCKYARD & ENGINEERING COMPANY

OF HONG KONG, LIMITED

BUILDERS OF ALL CLASSES OF SHIPS.

Fengtien (Mukden) Rangoon

Hamburg

Hankow

Harbin

Hong Kong

Honolulu

Rio de Jengira

San Francisco

Tientain

BUILDERS OF BE

BUILDERS OF MAK

BUILDERS OF

Under L

BUILDERS OF

Under Sp

Licensed o

For Internal

FOR DOCKING VERY LARGE,

ALL CLASSES OF SHIP

WELDING, BOTH ELECTREET

Tel. Address

Telephone No. 3023

Call Flag:

TING STEAM ENGINES.

SLAND BOILERS.

LOUT

AT TIDE

BUTTERFIELD & SWIRE

Hsinking

Karachi

Koba London

Manila

Los Angeles

Interest allowed for

Deposits received for fixed periodi at rates to be obtained on suplies tions.

I ANO,

Hong Kong, 10th March, 1937.

SHANGHAI COMMERCIAL &

SAVINGS BANK