1937-05-28 — Page 17

· THE CHINA MAIL, MAY 28, 1937.

EAST MINDANAO

MINE

Well Up With The Mill

manager.

JAPAN'S COAL SHORTAGE

Production And Consumption

Japan's annual consumption of coal has been mounting at a rate of a little over 10 per cent. per annum since 1931.

BANKS

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

Incorporated by Royal Charter, 1855.

HEAD OFFICE: LONDON

HONG

BANKS

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

.£8,000,000

Reserve

$10,000,000

.£3,000,000

Reserve Liability of Pro-

prietors

.$20,000,000

£3,000,000

Paid-up Capital Reserve Fund Reserve Liability of Pro-

prietors

Agencies and Branches:

Alor Star Amritsar Bangkok Batavia Bombay Calcutta Canton

Boilo

THE

Colombo Delhi Haiphong Hamburg Hankow Harbin Hong Kong

transscted.

Ipoh Karachi Klang Kobe Kuala Lumpur Kuching Madras Manila Madan New York Poiping

(Peking)

Ponang

Rangoon Saigon Bamarang. Seremban Shanghai Singapore Sitiawan Sourabaya Taiping Tiantain Tongkah

(Bhuket) Tsingtao Yokohama Zamboanga

For the first time since last August the mill fine bin at the East Mindanao Mining Company is full above the cross

The total consumption in Japan Pro- timbers, this in spite of a decreased tonnage from the dumps. This is in- per stood at 27,000,000 tons in 1981, terpreted as a healthy sign that the but the 1936 total was 43,500,000 tons. mines are now taking care of the pro- It is considered certain that Japan's duction without the necessity of the consumption in and after 1941 will ex- dumpa which are in any case nearing ceed 70,000,000 tons. Thus Japan must depletion, according to the April report increase her annual output by 27,000,- of J. Smeddle, acting manager, releas-000 tons within the next few years. ed by H. Gasser, president and general The outlook in her colliery industry, however, hardly admits of unqualified During the month the mill treated, optimism. Although the production. in 3,090 tons, and produced P64,157.80, an Kyushu last year constituted 67 per average of 108 tons per day. Recovery cent. of the national total, it is highly averaged 92 per cent. The dumps pro-doubtful whether such a large percen- duced 642 tons of ore averaging P13.84, tage can be maintained in future, the while development and stopes produced general impression being that the peak 3,178 tons averaging P24.05. The total has already been seen. Hokkaido and tonnage mined and crushed was 3,720. South Saghalien are the only hopeful Ore production from the 100C, 100F, sources, but the former has poor trans- 200C, 200F, 800C, 300D, 300F and 400F port facilities and the latter climate stopes in the Mindoro mine amounted

difficulties. to 2,673 tons.

A Japanese expert holds the view The average grade from these stopes was P27.07. The lowest that in the next five years Japan will grade stope was the 100C which aver be able to increase her output by only aged P17.29 and the highest was the 15,000,000 tons; 7,000,000 to 8,000,-rory of British Income Tax overpaid; on 400F which averaged -P88.97. In the 000 tons in Hokkaido, about 2,000,000 terms which may be ascertained at any of its

and 400F the shoot is shorter than in the tons in South Saghalien

about Agencies and Braushës. upper levels but the ore is of much 5,000,000 tons in Japan Proper, includ-

R. W. ROBERTS, higher grade.

Manager. Production from stopesling Kyushu. has been greatly improved during the If so, there will be a shortage of Hong Kong, 1st January, 1935. last four weeks.

12,000,000 tons, which must be sought Tonnage has been lower mainly be-in other countries, especially "Manchu cause of the necessity of an overhaul kuo" and North China. Hence it is ín.

the crusher department. This will being suggested in many quarters to THE BANK OF EAST ASIA, LTD. be taken care of as soon as it is possi- form an East Asiatic coal bloc so as to ble, the report states. Some trouble insure adequate supplies for Japan's was also experienced in the power house needs at reasonable prices. on No. 1 Diesel which delayed mill operation over a period of 24 hours.

Present outside development work is being well taken care of. Exploration is being contemplated in the near fu- ture on the Reno claims, Tinupan mine, and Mount Dagget.

BATÓNG BUHAY

PROGRESS

Development work during April at the Philippines Batong-Buhay Gold Mines property brought encouraging results, according to the report.

of Earle W. Berry, general superinten→ dent. Additional power-driven blowers. are being installed in the tunnels to accelerate the work, Mr. Berry reports.

Tunnel B was advanced

70.4 feet during the month, and the total dis- tance from portal to face is now 486.8 feet. Good values were reported from this working.

Tunnel H cut a vein at 111 feet from the portal, according to the report, and high assays were said to have been obtained from samples.

Exploration work to date, according to Mr. Berry, makes the possibilities of the property good..

Foreign Exchange and General Banking business,

Current Accounts opened and Fixed Deposits

which will be quoted on application.

The Bank Head Office in London undertakes Executor and Trustee

olaima business, and

received for oss year or shorter periods at rates

Authorised Capital .$10,000,000.00 Paid-up Capital

$ 5,598,600.00 Sir Charles Bentinck, the new British Reserve and Undivided. Ambassador to Chile, presented his Profits

-$ 2,776,726.76 credentials to the President, Don Artuto Alessandri Palma.

HEAD OFFICE :—HONG KONG. 10. Des Vœux Road, Contral.

BOARD OF DIRECTORS:----

Koon

Germany's railway fare, concessions for foreigners will no longer be restrict-Hon. Sir Shou-son Chow, Chairman; Li ed after June 1 to persons staying at Chun, Esq., P. K. Kwok, Esq. Wong Yun least seven days in the country.

Tong, Esq., Chan Chỉng Shel, Esq., Li Laa

Esg-

Wang Chu Bon, Esq. and Kan Ying Fo,

Fung Ping Wah, Esq.

THE WING ON BANK, LTD.

Head Office: Hong Kong. 26, Des Voeux 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 Ac- counts 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.

SADBE...

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

BRANCHES AND AGENCIES :—

Amoy Batavia Bornbay Calcutta

Bantow Honolulu Robe Kowloon London

Osaka Paris

Manila Melbourne

Scattle

Semarang

Nagasaki

Shanghai

New York

Eingapore

Bourabaya

SeaLow

Sydney

Talhoku

Vancouver Yożohama

Paiping

Penang.

Rangoon

Saizon

San Francisco

...

Every description of Banking and Exchange business transacted. Loans granted on approved

securities.

Current Accounts opened in Local Currency and Fixed Deposita received for one year or shorter periods" in Local and Foreign Currencies on terms which will be quoted on application.

Bate Deposit Boxes To Let.

KAN TUNG FO,

Chief Manager.

THE TAIKOO DOCKYARD & ENGINEERING COMPANY

OF HONG KONG, LIMITED

BUILDERS OF ALL CLASSES OF SHIPS.

BUILDERS OF RECIPROCATING STEAM ENGINES.

BUILDERS OF MARINE AND LAND BOILERS.

BUILDERS OF TURBINE MACHINERY.

Under License From Messrs. Parsons.

BUILDERS OF DIESEL ENGINES.

Under Special License From Messrs. Sulzer Bros.

Licensed To Manufacture Lanz Perlit Iron, Specially Suitable

For Internal Combustion Engine Working Parts.

DOCK & SLIPWAYS

FOR DOCKING VERY LARGE, AS WELL AS SMALLER VESSELS, ON ANY TIDE

ALL CLASSES OF SHIP ENGINE AND BOILER REPAIRS AND EXTENSIVE WELDING, BOTH ELECTRICAL AND OXY-ACETYLENE, SKILFULLY AND

PROMPTLY CARRIED OUT

Tel. Address: “Taikoodock,” Hong Kong.

Telephone No. 30211.

Call Flag: #Numéral One,” over "Pennant Anns,”

BUTTERFIELD & SWIRE, Agents

HEAD OFFICE: HONG KONG.

BOARD OF DIRECTORS.

*G. Miskin, Esq.,

Chairman

Hon. Mr. M. T. Johnson,

Deputy Chairman,

J. K. Bousfield, Esq., A. H. Compton, Esq., 8. HL Dodwall, Esq. J. E. Masson, Esq.,”

K. S. Morrison, Esq..

Hon. Mr J. J. Patarson, T. E. Pearce, Esq.,

A. L.. Shields, Eaq..

Sir Vandeleur M. Grayburn,

AMOY

BANGKOK

BATAVIA

BOMBAY. CALBUTTA CANTON CHEFOO COLOMBO

DAIREN DAIREN FOOCHOW HAIPHONG HAMBURG HANKOW HARBIN HONGKEW ILOILO. IPOH JOHORE

KOBE

KOWLOON

Chief Manager.

BRANCHES :----

KUALA LUMPUR-

LONDON LYONS

MALACCA · MANILA MUAB (Jaboze) MUKDEN NEW YORK

FEIPING PENANG RANGOON SAIGON

SAN FRANCISCO SHANGHAL

SINGAPORE

SOURABAYA SUNGEI PATANI TIENTSIN

* ΤΟΚΙΟ

TSINGTAO

YOKOHAMA.

Current Accounts opened in Local Currency and Fixed Deposita received for one year or shorter periods in Local Currency and Sterling on. terma

which will be quoted on application.

ALSO up to date. SAFE DEPOSIT BOXES is various sizes. TO LET.

Hong Kong, lat March, 1987,

HONG KONG SAVINGS BANK

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

TOF THE HỎNG TONG AND SHANGHAI BANKING CORPORATION.

M. GRAYBURN,

Chief Manages

Hong Kong, 1st March, 1937.-

THE YOKOHAMA SPECIE BANK

LIMITED

Established 1880-

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

Yen.132,650,000

Head Office: YOKOHAMA

Branches and Agencies at

Alexandria'

Bangkok

Batavia

Berlin Bombay Calcutta

Canton

Dairen (Dainy)

Fengtien (Mukden)

Hamburg

Hankow

Harbin

Hong Kong

Honolulu

Hsinking

Karachi

Kobe London

Manila

Los Angeles

Moji

Nagasaki

Nagoya

New York

Osaka

Otri

Paris

Peiping

Rangoon

Rio de Jeneïre San Francisco Seattle

Semarang

Shanghai

Singapore

Sourabaya

Sydney Tientsin.

Tokyo

Tsingtau

Yingkow

Interest allowed for Current As- counts,

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

Y, KANO,

Manager

Hong Kong, 10th March, 1937,

THE

· SHANGHAI COMMERCIAL &

SAVINGS BANK LIMITED

(Incorporated in China)

Capital paid up

Reserves

$5,000,000.

$7,500,000.

Capital Savings Dept. $500,000, Reserve Savings Dept. $600,000.

- Head-Office--Shanghai E A Bank having as its mission the industrial developments on China and the fostering of her commercial reļations abroad. Hong Kong Office-

Queen's Road, Central.

Phone 31116,