1937-06-09 — Page 17

THE CHINA MAIL, JUNE 9, 1937.

SHIP RECORD SHATTERED Building High In Japan

Stimulated by a record shipping boom, more than 1,000,000 tons of ves- sels have been constructed in Japan, during the last two years, shattering her shipping construction record of 950,000 tons for the three years during the World War.

CHINA MERCHANTS

OBLIGATIONS

Nanking, June 4- The agreement for settlement of the debt of the China Merchants Steam Navigation Company to the Hong Kong & Shanghai Banking Corporation, which was reached last spring after protracted negotiations, was approved by the Executive Yuan at its 315th meeting on June 15

that

Under this agreement, the capital amount of the debt is fixed at $10,000,- 000 a8 of August 31, 1936. This Ships under construction and due to amount will bear interest from be completed by the end of next year date at the rate of four per cent. per number 165 to a total tonnage of, 680,- annum, payments in future to be made. 000. With the advent of the shipbuild-| semi-annually on May 31 and Novem- ing boom, an acute dearth of ses men ber 30 of each year until the loan is is at present being experienced. The completely liquidated. Principal is to various shipping companies are invit-be paid off, as follows: $1,500,000 on ing applicants for employment as sea-signature confirming the agreement, men with much efforts, but not so and $500,000 each six months there- many men as wanted by the companies after, commencing May 31, 1937.—Kuo are volunteering for such services, it is Min. understood.

men.

are

The companies are being busily en- gaged in short-course training of sea-

however, The difficulties, that higher-class sailors such as mates, engineers, and wireless operators can- not be trained. în a short course of time. There are at present about 110,000 licensed seamen in the country, -but unless some positive measures are taken, some 5,000 seamen will be found short of the demand this year or next

year,

FREIGHTS INDEX

U. K. Figures Much Higher

THE MERCANTILE BANK OF

INDIA, LTD.

HEAD OFFICE:

*$3,000,000

15, Graceskurak Street, London, E.C.B. Authorised Capital Subscribed Capital ......... Paid-up Capital

Reserve Fund & Rest BANKERS:

The Bank of England & Midland

BRANCHES:

Ipoh

Bangkok

Bombay

Bandy

Calcutta

Karachi

Colombo Dalbi

Kota Bharu

Kuala Lipis

Kuala Lumpur

Kuala Trengganu

Hong Kang Howrah

According to the Chamber of Ship- Galle ping of the United Kingdom, the index number of shipping freights for April (based on the 1920 index figure of 100), was 34.41. This represents an increase of 4.59 per cent. on the March figure and an increase of 71.36 per cent. on that of a year before.

In March there was an increase of 32.90 per cent.

1,800,000

1,050,000

1,247,830

Bank, Ltd.

New York Penang

Fort Louis (Mauritius) Bangoon

Bhanghai

Bimla

Kuantan (Pahang) Singapore Madras

HONG KONG BRANCELL.

Every description of Banking and Exchange business transacted.

Travellers Cheques issued.

Trustee and Executorships undertaken. -INTEREST allowed * Current Accounts and Fixed Deposits at Bates that may be ascertained on application.

D. BENSON,

.

The European waters group index at 32.39 shows a decrease of 9.85 per cent. 7, 'Queen's Boad, Central, on the month, but is 57.92 per cent. higher than in April, 1936. The Red Sea, Arabia and India group at 42:46 is 19.64 per cent. higher than a moTT before and 81.38 per cent. higher than a year before.

**For Australia to the United Kingdom the rate at 38.16 shows an increases of 19:40 per cent, on the month, and is 91.09 per cent. higher than în April, 1936. The Argentine, Uruguay index number at 35.12 has risen 23.79 per cent, compared with the previous month and 87.41 per cent. compared with the corresponding month of last year.

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 dea- cription of banking business transact-

erl.

At 29.49 the United States group in-counts opened. Mixed Deposits re- Current Accounts and Savings Ac- der number is up 6.23 per cent. com pared with February, 1937, the last ceived at rates which will be quoted available rate. The rate for Canada on application.

Trusteeship & Executorship under- at 26.89 shows an increase of 8.34 per cent. compared with the previous month taken. Safe Deposit Boxes for hire. and one of 53.74 per cent. compared with a year. before.

PHILIP GOCKCHIN, Chief Manager.

BANKS

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

Incorporated by Boyal

HEAD OFFICE: LONDON Paid-up Capital ..

Reserve Fund Reserve Liability: of

prietors

Agencies and

Alor Star Amritsar

Bangkok

Holla Ipoh Karach

BANKS

HONG KONG -AND SHANGHAI BANKING CORPORATION

Authorised. Capital

$50,000,000

Issued and Fully-Paid-up: 30,000,000 Reserve Funds: ---

Sterling = SANT'E 8500,000

Hong Kong Gurren y

Reserve

,000,000:

$20,000,000

HEAD OFFICE: HONG KONG.

BOARD OF DIRECTORS.

G. Miskin, Esq., Chairman.

£8,000,000

($3,000,000;

Reserve Liability of

prietors

£3,000,000

icher

goon

Raigon

Bemarang

Klang

Beremban

Bombay

Bobe

Shanghai

.Calcutta

Kuala Lumpur,

Singapore

Canton

Kuching

Sitiawan

Madras

Sourabaya

Taiping

New York

Peiping

(Peking)

Pening

-Batavia

Colombo Daiki Haiphong Hamburg Hankow

Harbin

Hong Konr

Tiantain Tongkah

(Bruket)

Tsingtao Yokohama

Zamboangs

Foreign Exchange and General Banking business transsctod.

Current Accounts opened and Fized Deposits received for one year or shorter periods at ration which will be quoted on application.

The Bank's Head Offos in London undertakes Executor and Trustee

and business, of British Income Tax overpalā, an FOOGVSTY termas which may be ascertained at any of its Agencies and Branches.

E. W. ROBERTS,

مستهله

Manager. Hong Kong, 1st January, 1935.

THE BANK OF EAST ASIA, LTD.

$10,000,000.00

$ 5,598,600,00

2,778,726.76′′

Authorised Capital Paid-up Capital Reserve and - Undivided.

Profits

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

BOARD OF DIRECTORS:— Hon. Bir Shop-san Chow, Chairman; Li -Koon Chun, Eng., . E. Kwok, Esq. Wong Yuu Tong, Esq., Chan Ching Shak, Esq., Li Lan

Wong Chu Son, Esq. and Kan Ying. Sang Fung Ping Wah, Esq. To, Esq.,

Amoy

Kan Tung Fo, Esq., Chief Manager. Li; Tse Fong, Esq., Manäger.

BRANCHES AND AGENCIES :---

Bataria Bombay Calcutta Banton Haiphong Elankow Honolulu Jobe S Londen

Manila Melbourne Nagnaski

Seattle

Semarang

Shanghai

Now York Osaka

Singapore

Bourabaya

Paris

Bwatow

Peiping

Fenang

Bangoon

Baizoo

Bar Francisco

Tokyo Vancouver Yokohama

Bydney Taiboku Tientalo

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

Current Accounts opened in Local Correny. and Fized, Deposits received for ona yasi" or shorter periods in Lool and Foreign Currencies' on terms which will be quoted on application.

Safe Deposit Boxes To Let

KAN TUNG PO,

Chief Manager:

Hon. Mr. M. T. Johnson,

Deputy Chairman,

J. K. Bousfield, Esq.,

A. H. Compton, Eng., 8. H. Dodwell, Esq. J. R. Masson, Esq.,

E. S. Morrison, Esq.

Hon. Mr. J. J. Paterson, T. E. Pearce, Faq..

A. Ii. Shields, Esqu

Sir Vandeleur M. Grayburn, Chief Managaz.

· AMOY

BANGKOK

BATAVIA SOMBAY CALCUTTA CANTON CHEFOO COLOMBO

ASKOCHOW

HAIPHONG HAMBURG HANKOW HARBIN HONGKEW ILOILO

•IPOH

JOHORE

KOBE

KOWLOON

BRANCHES :-

KUALA LUMPUR

LONDON LYONS MALACCA MANILA MUAR (Johore)

MUKDÈN NEW YORK FEIPING PENANG RANGOON SAIGON SAN FRANCISCO SHANGHAI

BIBATA

:SUNGEI PATANI

TIENTSIN TOKYO TSINGTAO YOKOHAMA"

Current Accounts opened In Local Currency and Fixed Depositu- received for one year or shorter periods in Local Currency and Starling on terms which will be quoted on" application.

ALSO up to date SAFE DEPOSIT BOXES in variona -sizes „TO LET

Hong Kong, Lit 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.

FOR THE HONG KONG "AND SHANGHÀI BANKING, CORPORATION.

V. M. GRAYBURN,

Chief Manngor. Hong Kong, 1st March, 1937.

THE YOKOHAMA SPECIE BANK

LIMITED

Established 1880

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

* Yen 182,650,000

Head Office: YOKOHAMA

Branches and Agencies at

Alexandria

Bangkok

Batavia Berlin Bombay

Moji

Nagasaki

Nagoya

New York Osaka

Darn

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

CHAIREXTENSIVE

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

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

PROMPTLY CARRIED OUT

Tel. Address : “Taikoedock,” Houg Kong.

Telephone No. 30211.

Call Flag: “Numeral One,” over ennant

BUTTERFIELD & SWIRE, Agents

Calcutta

Canton

Dairen (Dainy)

Fengtien (Mukden)

Hamburg

Hankow

Harbin Hong Kong Honolulu Hsinking Karachi

Kobe

London

Manila

Los Angeles

Paris

Peiping Rangoon

Rio de Janeir San Francisc= Seattle

Semarang

Shanghai..

Singapore

Sourabaya

Sydney

TientsinTM

Tokyo Tsingtau

Yingkow

...... Interest-allowed for Current counts.

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

Y. KANO,

Manager.

Hong Kong, 10th March, 1987.

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. $600,00€. Head Offes Shanghaf A Bank having as its missi the industrial development China and the fostering o. commercial relations a Hong Kong Office: -6, Queen's Roa

Phone al