1937-06-07 — Page 16

PRESIDENT LINERS

LUXURY LINERS

Famed for a Splendid Cuisine

TO SAN FRANCISCO LOS ANGELES, “NEW YORK AND BOSTON

Via Shanghai, Kobe, Yokohama

and Honolulu 5 Pres. Wilson....9.00 a.m. June 16 Pres. Hoover ...Noon June 26 Pres. Cleveland ..Midnight July 18 Pres. Coolidge Noon July 24 Pres. Taft

Midnight Aug 10 Pres. Hoover ...Noon Aug. 21

EUROPE, NEW YORK AND BOSTON Via Manila, Singapore, Colombo, Bombay, Suez, Port Said, Naples, Genoa and Marseilles

Pres. Hayes ...8.00 a.m. June 20 Pres. Monroe ...8.00 a.m. July 4 Pres. Adams ...8.00 a.m. July 18 Pres. Harrison.8.00 a.m. Aug. 1 Pres. Polk.

Pres. Pierce

..8.00 a.m.- Aug. 15 ..8.00 a.m. Aug. 29

TO BEATTLE, VICTORIA "THE EXPRESS ROUTE”

2

“Via® Shanghai, Kobe and

"Yokohama · Pres. Jefferson Midnight June 18 Pres. McKinleƒ" - Midnight July -Pres. Grant .......... Midnight July 16 Pres. Jackson ..Midnight July 30 Pres. Jefferson..Midnight Ang, 13 Pres. McKinley Midnight Aug. 27

TO MANILA THE MOST FREQUENT SERVICE

NEXT SAILINGS

8

Pres. Wilson .Midnight June Pres. Jefferson ..6.00 p.m. June 12 Pres. Hoover ....9.00 p.m. June 18 Pres. Hayes.. ..8.00 am. June 20 Pres. McKinley..6.00-p.m. June 26 Pres. Monroe .8.00 a.m.. July 4

DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE

CANADEN

BILWAY

10 DAYS

DAYS

150

8 DAYS

GO EMPRESS to America, Europe

Hong

Empress Kong

of

Leave

Shang- Naga

hai

saki

Leave

.

Japan June 11 Aria June 25 Canada July 9 Buzzia July 23 Japan Aug. 6 Asia Aug. 17 Canada Sept. 3

Yoko-

Van- Kobe

hama Honolulu couver

Victoria Arrive

Leave Leave Leave Arrive

June 13

June 16 June 18 June 24 June 29 June 27 June 29 July 1 July 3

July 12 July 11

July 14 July 16 July 23 July 28 July 25 July 27 July 29 July 31

Aug. 9 Aug. 8

Aug

11 Aug, 13 Ang, 19 Aug. 24 Aug. 19 Aug. 21 Aug. 23 Aug. 25 Sept. 1 Sept. 7 Sept: 5

Sept. 8 Sept. 10 Sept. 17 Sept., 22

TO MANILA

EMPRESS OF ASIA, JUNE 17th.

information from Passenger & Freight Offices

Union Building, Hong Kong

Telephones: Passenger 20752-Freight 20042.

Canton Agents, Jardine Matheson & Co., Ltd.

Canadian Pacific

THE CHINA MAIL, JUNE 7, 1937.

HUKUANG BOND OFFER

MADE BY NANKING GOVERNMENT

INTEREST RATE IS

REDUCED

The Chinese Ministers of Fin- ance and Railways announce the following offer concerning the ser- vice of the outstanding bonds of of the Hukuang Railway Loan 1911 amounting to about $5,650,- 000, under which the interest rate paid is to be reduced in 1937-38 and the amortization plan modi- fied. Other provisions of the Hu- kuang Loan contract are to re- main unchanged.

New Provisions

Interest is to be paid at the rate of 22 per cent. per annum in 1937-38 inclusive and five per- cent. per annum thereafter. Pay- ment of interest is to be made out of net earnings of the railway and salt revenue. guaranteed out of Interest due as from January 1. 1941 is to be guaranteed also out of customs revenue with rank as of the date of this announcement. Amortization is to begin in 1941 and to be completed in 39 years from 1937 according to a table to be filed with the paying agents.. Payment of amortization and of the scrip to be issued in accord- ance with paragraph three here- of is to be made out of net earn- ing of the railway and any de- ficiency to be made good from re- venues under control of the Minis-. try of Finance. The Government upon reasonable notice and with- out premium may increase the amount of principal retired on any payment date. Bonds drawn but not yet retired are to be paid according to the order of drawing.

Arrears Of Interest

Interest in arrears is to be cal- culated at one per cent. per annum simple interest instead of five per cent. Non-interest-bearing scrip is to be issued for arrears of in- terest so calculated, and also for one-fifth of the short fäll of in- terest during 1937-38. This scrip is to be paid beginning 1942 over approximately twenty years, the yearly instalments to be stantially equal except that the transferring to the last three of Government reserves the right of

the aforementioned approximately twenty years not over fifty per cent of payments due in the first three years.

LOCAL SHARES

Follow

the list of changes and enquiries, in local share quotations this

BANKS

Hong Kong Bank $1950 b., $1960 s.,

$1955 8

* INSURANCES

Canton Ins. $805 b., $312

62.

Union Ins. $623 b. China Underwriters $2.10 s.

SHIPPING

$310

Indo-Chinas (Pref.) $55 b.

DOCKS, WHARVES, GODOWNS, ETC.

H. K. and W. Docks $30 b. Providents (Old) $2.20 sa..

MINING

Raubs $12.80 s.

LANDS, HOTELS & BLDGS.

H. K. and S. Hotels $7 b. H. K. Lands $35% b.

PUBLIC UTILITIES

H. K. Tramways $141⁄2 b. Peak Trams (Old) $42 b. Peak Trams (New), $1% b. Star Ferries $86 b. Yaumati Ferries $25

b.

China Lights (Old) $14 b., $14 sa. H. K. Electrics $601⁄4 b. Sandakan Lights $13 b. Telephones (Old) $29 b.

INDUSTRIALS

Cements $14.90 b.

STORES, &C. Dairy Farms $25.65 b. Watsons $4.80 b. Wm. Powell, Ltd. 40 cts. b..

COFTON MILLS Ewo Cottons Sh.$16 b., $16% sa.

Cum. Rts.

Shanghai Cottons (Old) Sh.$117 6.

MISCELLANEOUS

--Constructions (New) 45÷cts;

Vibro Piling $4.60 b. Ch. Govt. 5% 1925G.

Bds. 97% b.

Marsmans Inv. (Lon.) s/- 7/- b.

Stock

Antamoks Atoks Balatoc Mining Baguio Gold

Benguet Consol. Benguet Explor Big Wedge

Coco Grove Consolidated Mines Demonstrations

E: Mindanao Gumaus G'field Ipo Gold I. X. L. Itogons sub-Masbate" Consol.

Min. Resources Northern Mining Paracale Gumaus

Suitable instructions are to be given to the Chinese Maritime Customs, the Chief Inspectorate: of Salt Revenue, the Central Bank of China, and the Railway Ad ministration to give effect to the understanding reached.

Salacot Mining San Mauricio Suyoc Consol. United Paracales

Opening

10 a.m.

in Pesos

#1.05 .31

92

12.00

$11.25

2.11

.23

.66

.023

.67

22

.141⁄2

¥198

.77

.942

.2916

24

.08

.38

.036

1.95

.36

.73

DOLLAR RATE

London Silver Prices

The demand rate of the Hong Kong dollar this morning was 1/2-23/32.

"Spot" silver was quoted at 20- 3% and "forward,” at 20-7/16.

Announcement also was made that the railway authorities are taking steps to improve the con- dition of the railway and its ad- ministration on the general lines contemplated in the loan agree-rate at ments with a view to benefiting both the interest of the Govern- ment and of the bondholders.

The American Indians, once consi- dered a dying race, are increasing ra pidly, the population now being 884,800, while births exceed deaths by 3,500 a

year.

In celebration of the 20th anniver- sary of America's entry into the war. President Roosevelt reviewed – 5,000 troops."

The London on New York cross- rate was quoted at £ US$4.9320 and the New York on London cross-

U.S.$4.93-9/16.

Singapore Raw Rubber

Mesars. H. B. Joseph & Co. have received the following quotations from Singapore in Straits Currency for Raw Rubber:

Buyers:

33-% up s

Spot Jan/March July/Sept. Oct./Dec. Market: Nominal

33-% unchanged. 33-% unchanged. 33-% unchanged.