1937-06-02 — Page 17

...THE CHINA MAIL, JUNE 2, 1937.

NEW COMPANY TO TAKE OVER VIX.L. ARGOS IX.LMARGOS

Royal Paracale Has Units In Camarines And Masbate

TWO YEARS' ORE

Two mining properties, one in Masbate and one in Paracale, have been taken over by a recently formed company, Royal Paracale Mines, Inc., it was announced Friday.

on

BANKS

THE MERCANTILE BANK OF INDIA, LTD.

#HEAD OFFICE:

15. Graosahurch Street, London, E.C.8. Authorised –Capital

Subscribed Capital

£3,000,000 1,800,000

Paid-up Capital

................ 1,050,000

Reserve. Fund & Rest 1,247,830

The Bank

BANKERS:"

England & Midland Bank, Ltd.

BANKS

THE CHARTERED BANK OF INDIA AUSTRALIA & CHINA

Incorporated" by Boyal Charter, 1858, HEAD OFFICE: LONDON

BANKS

17.

HONG KONG AND SHANGHAI

BANKING CORPORATION

Sterling

HEAD OFKIOR; HONG KONG.

Authorised Capital Issued kud Full

350,000,00

Reserve Funds:

6,500,000

Paid-up Capital

.£8,000,000

Hong Kong Currency

Reserve Fund

$8,000,000

Reserve

$10,000,000

Reserve Liability of Pro

Reserve Liability.

prietora

£3,000,000

prietors

.$20,000,000

BRANCHES :

Bangk Bombay

Ipoh

New York

Agencies and Branc

Kandy

Alor Star

follo

Bangoon

Calonita Colombo

Herschi

Fort Louis

Amriteaz

Ipoh

·Saigon

Kota Bharu

Samarang

Kuala Lipis

Beremben

Galle

Kuala Lumpur

Shanghai

Hoa Hon

Kuala Trengganu

Simla

Howrah

Kuantan (Pahang) Singapore Madras

P

Cantos

Koshing

Kuala Lumpur.

Singapore

Cawnpore Cabu

Sourabaya

Colombo

Madan

омы Haiphong

New York

Pelping

Hambur

(Paking)

Hankow

Penang

Harbin

(Bhuket) Taingao Yokohama Zamboanga

pa

Penang

(Mauritius) Rangoon

HONG KONG BRANCH.

The I. X. L-Argos Syndicate, formerly owned by Andres Soriano and his associates, has a 90-tón flo- tation mill in operation on the island of Masbate. Positive ore. now blocked out on this property, on application. according to reports, is valued at nearly P1,000,000, : The ore is low [7, Qussu's Boad, Central, grade, and an immediate program of extensive diamond drilling 18 planned by the new company to open up the mine. The present mill can be operated for two years with the ore in sight, it is reported..

Brory: Description of Banking, and.... Exchange ( business transacted,

Travollars Chogyan_inazed.

Truster and Executorships undertakan. INTEREST allowed on. Currant - Asoganda and Fixed Deposits as Bates, think, may be ascertained

D. BENSON,

Merger Arranged

•Manage

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-

Bangkok Batavia Bombay Oklcatta

Karachi Mang

Hoa Long

الوسي

Tientsin

-Forsign Exchange and General Banking business terminated

Current Accounts opened and Fixed Deposits received "for one your "or shorter periods að "raton which will be gnoted on application.

The Bank's Head Offon in London undertakes Executor azid Trustes **** busines, and claims POCOTELY of British Income Tax overpaid; an terms which may be ascertained at any of its Agencies and Branches.

B. W.-ROBERTS,

Hong Kong, 1st Janu

cription of banking business transact- THE BANK OF EAST ASIA, LTD.

The deal between the Soriano group and Royal Paracale was ef- ed.

pansion.

PHILIP GOCKCHIN, Chief Manager.

fected recently. It was decided Current Accounts and Savings Ac- counts opened. Mixed Deposits re- that considerable developmentceived at rates which will be quoted work on a large scale was neces-on application. sary in order to prove the I. X. L. Trusteeship & Executorship under- Argos ore at depth. In view of the taken. Safe Deposit Boxes for hire. numerous enterprises with which Mr. Soriano and his associates are connected, and due to the circum- stance of the friendly relations with certain large stockholders of

The Paracale unit of Royal · Pa- Royal Paracale, the merger was racale consists of the claims form- arranged.

erly owned by the Paracale | Goki- Thomas Oxnam, graduate mining

fields Association. Vincent Col- engineer, arrived in Manila Maylinson is the engineer in charge of 18 to take charge of I. X. L-Argos for Royal Paracale. Mr. Oxnam merly of the United Paracale staff, group, and John Boyd, for- has had a wide experience in mill

is supervising shaft sinking. work, and has just completed the supervision of the construction of geophysical survey has been start- a-500-ton all-cyanide mill in the

ed by Development, Inc. States.

Expansion Planned

+

<

the

-

Authorised Capital Paid-up Capital Reserve and Undivided

Profits

$10,000,000.00 5,598,600.00

*$ 2,776,726.76

HEAD OFFICE:--HONG KONG. 10, Des Voeux Road, Central.

BOARD OF DIRECTORS :- Hon. Bir Shou-son Chow, Chairman; Id Koon Chun, Esq., P. "K. Kwok, -- Esq., Wang Yun Tong, Esq., : Chan - Ching Bbsk, Bang Eag. Wong Chu Son, Esq. and Han Ying

Fung Fing Wah," Esq. To, Bag,

;

Kan-Tung Po, Esq., Chief Man Li Tyn Fang, Esq., Manager.

BRANCHES AND AGENCIES :---

Amoy

Batavia

A

Haiphong

-Paiping

Fenang

Kobe

Bangoon

Salzon

Royal Paracale is capitalised at P1,500,000. The directors are S. J. Wilson, president; Bert H; Silen, An addition to the I. X. L-Argos vice president; Jack George, plant is being planned, and test, treasurer; M. Rivera and : E. J. work is being done by South-Wilson. The offices of the .com- western Engineering Corporation of pany are on the sixth floor of the the Philippines. Production will new Wilson Building on Juan Luna be increased t least 50% by the ex- in Manila.

- Kawilon London

Sap Francisco

Yokohama

Every description of Banking and Ezobangy buslaser tranasalad, Downs: gmoted on spproved securities.

Current Accounts opened in Loos! and Fized Deposita- russived for, one aborter, periods in Local and Forsign Currencies on tarina: "Which will be quoted on application.

Bale Deposit Basse To Leka

AN TUNG - PO, “'

-Chief: Hanager.

BOARD OF DIRECTORS.

G. Miskin, Esq.,

Chairman.

Hon. Mr. M. T. Johnson, Masa Deputy - Chairman, Col

J. E. Bousfeld, Eng., ........ I. Si Mo

TAE Poor 4. L. Shield

Compton, Esq... · Hon. “My

8. H. Dodwell,: Eng.

J. B. Masson, Esq.,

Sir Vandeleur M. Gray

AMOY

BANGKOK BATAVIA BOMBAY CALCUTTA CANTON CHEFOO

FOOCHOW HAIPHONG HAMBURG

13, HANKOW

HARBIN HONGKEW попо IPOH JOHORE

KOBE

KOWLOON

BRANCHES

KUALA LUMPUR

#LONDON

LYONS

MALACCA MANILA-ZA MUAR (Jokoes) STUNDER

YORK

PENANG HANGOON SAIGON BAN

NCISCO

SOURABAY BUNGEL PATANI - TIENTSIN TOKYO * TSINGTAO YOKOHAMA

Currant Accounts opened in. Local Currency Fixed Deposits received for one your, DE periods in Local Curranny and Sterling, on

#hich will be quoted on application.

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

Hong Kong, 1st Mar

1087.

HONG KONG SAVINGS BANK

The - Business of the above Bankin÷÷condi by the HONG KONG. AND, SHANGHAI BANI ING CORFORATION. Baler may be obtai

an application.

FOR THE HONG KONG AND

· BANKING" CORPORATION.

Hona, Kong,

SHANGR

V. -M- GRAYBURN, Marche

THE YOKOHAMA SPECIE BANE

LIMITED

Established 1880

Capital (fully paid-up) Yen 10

Reserve Fund

Yeh.132,650,000

Head Office: YOKOHAMA

Branches and Agencies at

Alexandris

Bangkok Batavia Berlin Bombay

Calcutta

Canton

Moji

Nagasaki

Nagoya

New York Osaka

2L

* 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 Lanx Perlit Iron, Specially Suitable

For Internal Combustion Engine Working Parts.

DOCK & SLIPWAYS

FOR DOCKING VERY LARGE, AS WELL AS SMALLER VESSELS, ON ANY TIDE GOALL CLASSES OF SHIP ENGINE AND BOILER REPAIRS AND EXTENSIVE

WELDING, BOTH ELECTRICAL AND OXY-ACETYLENE, SKILFULLY AND

PROMPTLY CARRIED OUT

.46

ddress Talkoodock,” Hong Kong,

Telephone No. 30211.

Call Flag: “Numeral One,” over “Pennant. Anns,”

BUTTERFIELD & SWIRE, Agents

Dairen (Dainy)

Fengtien (Mukden)

Hamburg

Hankow

Harbin

Hong Kong

Honolulu Hainking

Karachi

Kobe

London

Manila

Los Angeles

DtIn.

Paris

Peiping

Rangoon

Rio de Janeirm San Franciače Seattle

Semaran

Shanghar

Singapors

Sourabaya Sydney Tientsin

Tokyo

Tsingtau

Yingkow-

Interest allowed for Current counts.

Deposits received for fixed period at rates to be obtained on appli tions.

Hong Kon

THE

SHANGHAI COMMERCIAL,

SAVINGS BANK LIMITED

(Incorporated in China)

0,000

Capital paid up..............$5,000,000. Reserves. ****** Capital Savings Dept. Beserve. Savings Dept....

Head-Ofice--Ski

A Bank having as

the industrial

China - andʊthe

ercial, relations

ong Kongs Ofles-

Queen's Road. Contral

Phone331118. :