1937-10-28 — Page 17

THE CHINA MAL OCTOBER 28, 1937-

U.S. SHARE

MARGIN POTRYGS REQUIREMENTS

Washington, To-day. Drastic revision of Stock Market margin requirements will become effective from No-." "vember 1, announces the Feder-

al Reserve Board..

POPPY DAY

PANKS

BANKS

ONG KONG

BANK

Authorised

Las

250,000

ate distress due to un-

mployment, and tem

Eness

INDIA AUSTY

CHINA

tish

LONDON

Hong Kong Reserve.

ere alleviated by the gion's 3,993 honorary

tors

Currenty

00,000 Reserve Liability of Propr 190,000: tors

,000,000

ity of Proprie

-Manchester Branch, 71, Mosley Street, Manchester. Agencies and Branches:

HRAD committees, at a total cost of £215,-

$38, Bi 711

Paid-up Cap The following contributions have Reserve Fund already been received this year:-Reserve

Mr. and Mrs. D. C. Edmondston $100, Hon. Mr. J. J. Paterson $100, The Hong Kong & Shanghai Hotels, Ltd: $100, Hong Kong Cricket Club $100, E. D. Sassoon Banking Co Ltd $50, L. E. N. Ryan $50, A. R. Reserve Board officials reH. Phillips $50, H. R Sturt $50,

Margin for purchase of se -curities is reduced from 55 to

40 per cent.

On short sales a margin of 50 per cent. is imposed.

fused to comment on the revi- sion, but other quarters be- lieve it would tend to drive up stock market prices, since both changes are calculated to en- courage purchase" rather than sale of securities.

It is understood the Board conferred with the Stock change Committee before an nouncing the changes.

Margin requirement on short sales is an innovation in Re- serve Board regulations.

Hitherto the absence of Gov- ernment regulations on the New York Stock Exchange re- quired short sellers to put up a margin of 10 per cent-Reu ter.

HOCKEY ASSN. COUNCIL MEET TO-DAY

Mr. and Mrs. E. J. R. Mitchell $30, Mr. and Mrs. L. Carter $25, J. Scott Harston $25, A. C. Wilcox $25, John Fleming $25, Hon. Mr. M. T. Johnson $25, V. Sorby $25, G. A. Pentreath $10, Kayamally & Co., $10, Hon. Mr. M. K. Lo $10, E. C. Tregillus $10, G. A. Stewart $5,

Alor Star

Amritasz

Batazia Bombay Calcutta

Cawnpore

Delo

Ipoh

Tampu

king....

Fangoon Saigon

Serem

TH

loubo

Hamburg Haskow Harbin Trong Wor

Medan New York

(Poking) Ferang

Som

Zamboangs

Forsigur Exchangs and General Banking business.

transacted..

Current Accounts opened and Fixed Deposits received for one year or abortor, paciods at ráca

Hon. Mr. J. P. Braga. $5, Ngan Shinghich will be quoted on application Kwan $5, Mr. and Mrs. J. D. Par- kinson $5. Total $840.`

The Bank's Head Ofice in London undertakes and trustsson businesta – aud of Briksh Income Tax overpaid, terms which may be ascertained., at any of its Agensis and Branches

R.W. ROBERTS

Hong Kong, 1st Januar

Manager.

1935.

Further contributions will be gratefully received by Mr. F. G. Maunder, Secretary to Earl Haig's Fund, Hong Kong & Shanghai Bank Building Hong Kong. Cheques should be made payable to Thom- son & Co., and crossed "Poppy Day THE BANK OF EAST ASIA, LTD.

*Fund.”

at 5.30 p.m. this evening. The agenda is as follows:

To confirm the minutes of the previous meeting, To read corres- ipondence; To pass, the amended Hockey A General Meeting of the Hong rules of the Hong Kong.

other busi- Kong Hockey Association will be Association and any held in St. Andrews Church Hall 'ness.

TRAVEL JAPAN

IN

COLOURFUL AUTUMN

To visit her

Everchanging Beauties

and Attractions

WEATHER

Invigorating, Bright & Dry HOTELS

Accommodations Ample Charge Extraordinarily Cheap JAPAN HOTEL ASSOCIATION

FOR PARTICULARS PLEASE APPLY TO

JAPAN TOURIST BUREAU

c/o N. Y. K. LINE, & Connaught Road Central, Tel No: 30291

Authorised Capital Paid-ap Capital Reserve and Undivided

Profits

$10,000,000.00 $5,598,600.00

€2,776,726.76)

HEAD OFFICE, HONG KONG. 30, Dos Vaxx Boad, Central.

BOARD OF DIRECTORS:

Fion. Siz: Shou-son Chow, Chairman; Li Koon Chun, E., P. Kwok Rat Woo Im Tong, Fag Chan Ching Shak, Esq., It Las Sang, Bag Wong Chu San, Eaq., Kaz Ying Po Eag

and Fung Fing Wah Eq.

Kobe Koricon

Kan Tung Po, Eags Chief Manager. Ti Tas FoxM. Eng., Manager. BRANCHES AND AGENCIES: Seattle

moted.

Sydney

Seursdays Swatow

li

Tiantain

Tokyo

Yokohama

of Banking and Exchange Toms, granted on approved

Current frcounts, opened in Local Currency and... BizadTM Deposita zosïved' inr ons gear or shorter periods in Local and Foreign Currencies on-tarms which will be quoted on application.

Safe Deposit Bazes To Let

KAN TUNG“ PO,

The Chief Managest.

THE WING ON BANK, LTD.

Head Office: Hong Kong. 26, Des Voeux Road, Central. Authorised Capital $10,000,000

LONDON BANKERS: Westminster Bank, Ltd.e

0,000.

[$20,000,000

HEAD OFFICE: HONG KONG.

BOARD OF DIRECTOR

G. Miskin, Ext., Chaizmant

Hon. Mr. M. L. Johnson,

Deputy Charman.

J. K. Bocsfald, Eaga

AH. Compton, Baq...”.

S. E. Dodwells: Faqe,

J. E. Masson, Esq.s

Hon Mr II TE. Pearce, Eag

AL. Shiekh Pac

Sir Vandeleur M. Grayburu,

AMOY

BANGKOK

BATAVIA

BOMBAY CALCUMIA CANTON

CHEF DO

COL

HOW

FONG

HANKOW HARRIN

HONGERW

ILOILO

IPOH JOHORE

KOEK..

KOWLOON

BRANCHES.

KUALA LUMPUR-

LONDON LYONS MALACCA MANILA

MUAR: (Johor)

MUKDEN

NEW FOR

PELFING- PENANG BANGOON

SAIGON

SAN-KBANGIBOO

SHANGHAT

SINGAPORR

ABAZA

EL PAVANI

VIST

TOKOHAMA

Cuarent Anocente opened in Local Currency and Fixed Deposita received for one, yuse de slibeter periods in Local. Currency and Sterling on. Reco which will be quoted on spplications.

ALSO up to date S473 DEPOSIT BOXES in various sizes. TO IET

Hong Kong, das Karch, 1992.

HONG KONG SAVINGS BANK

The Buzibens of the above. Bank

be the HONG KONG AND SHANGHAI, BANK. ANG CORPORATION, Bales (20xy - be obtained.

on suplication.

FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION.

Y. 1. GRAYBUEN.

Chief Manager *March 1967

THE YOKOHAMA SPECIE BANK UMITED

Established 1888

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

Yen 134,400,000

Head Office: YOKOHAMA

Bran Alexandria Bangkok Batavia Berlin Bombay

Calcutta

Canton

Dairen (Day)

али

Mon Nagasaki

Nagoya

New York-

Osaka

Otarn

Paris

Peiping

Rio de Janeiro

San Fr

Fengtien (Mukden) Rangoon

Hamburg

Bankow

Harbin

Hong Kon

Foreign Exchange and every des- Honolulu cription of banking business transacted Hsinking

Karachi Current Accounts and Savings Ac counts opened. Fixed Deposits re- Kobe ceived at rates which will be quoted on London

Manis application

Trusteeship & Executorship under taken Safe Deposit Boxes for hire.

PHILIP GOCKCHIN,

Chief Manager

COASTWISE

"ALGIE BENNETT.

An interesting book of Cartoons "Happenings ou Chima Coast

PRICE $1.00

The Newspaper Enterprise, Ltd. China Mail Building.

Los Angeles.

Yingkow

Interest allowed for C commts.

Deposits received for fixed at rates to be obtained on

Hong Kong, 11th Sep

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED

Incorpor

Capital

Reserves

Capital Sayings Dept Beserve Savines Dept

#Head Office

A Bank having. the industrial ina and the

ercial relations.

Hone

6, Queen's Road

Phone 21115

China

1000.