1937-12-01 — Page 17

THE CHINA MAIL, DECEMBER

DRASTIC GUT IN RUBBER QUOTA LEVEL

London, To - day.

It is understood from circles close in touch with the Inter- national Rubber Committee, that the drastic cut in the export quota for the first quarter of 1938, fixed yesterday at 70 per cent, has not met with any strong opposition from the American delegation.

BANKS

THE MERCANTILE BANK OF

INDIA LTD.

Authorised Capital Subscribed Capital Paid-up Capitals. Reserve Fund & Rest

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

"HEAD OFFICE

38, Bishopsgate,

ELCIR. £3,000,000 1.800.000 1,050,000) Paid-ag o 1,247,830 Reserve

BANKERS: The Bank of England & Midland Bank, Ltd..

Bangstok Bombay

Colombe

Galia

Hong Tour

Howrah

BRANCHES.

Ipoh

tors.

NDON

of Prahprier

Manchester Bran 71, Mosley Street,

Agencies and

Now Jock

Alor Star

Kuala Lipis

Kuala Lumpur.

Ban Sba

Cuantam (Pabangs Madras

HONG KONG "BRANCH.

Every description of Banking and Lanbangs business transacted..

--Travellers--Cheques –is ned.

Trustee and Exxscutorships mudariakan. INTEREST. allowed, con · Current. Asuccesha and Fixed Deposita: at Batas: that may be necermined on application

D. BENSON,

Informants state that the cut, in -the quota will result that production and consumption should be about equalised in the first quarter of next year, though stocks in that period Queen's Boad, Central. may show some increase, as Novem- ber/December production will then be arriving at consuming centres.

PLEASANT SURPRISE

The Committee's decision came as a pleasant surprise, the market ful- filling the most optimistic expecta- tions, a wave of buying immediate- ly developing and prices rising over a halfpenny in excited trading: The high levels were not maintained, however, owing to profit-taking.

It is pointed out that quota coun- tries will produce about 56,000 tons less in the first quarter of 1938 than in the current quarter, which should easily offset the decline in American consumption.

WATCHING FRENDS

The fact that the Committee re frained from fixing the quota for April/June is favourably comment- ed upon 25 indicating their determination. to watch trend in consumption in the new year and adjust the quota accordingly.

THE WING ON BANK, LTD.

Head Office: Hong Kong. 26, Des Voeur Road, Centrals Authorised Capital $10,000,000-

LONDON-BANKERS--- Westminster Bank, Ltd.

Dollo

-Ipoh

Kuala Lumpur Knching

mpora

Madras

cebu:

hong

Paining

(Peking)

Pamang

*Harbin

Font Song

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised.

Fissued and.

Reserve

Sterling

23,000,000 1 Hong Kong Currency

Reserve

$50,000,000

6,500,000

-$10,000,000 -

$20,000,000

Reserve Liability of Proprie

,000,000

£3,000,000) *turs

Zamboanga

Foreign Exchange and General Banking business

transacted..

Current Boocante opened and Fixed Deposits received for one year or shorter periods." at "zatm which it be

clairus

On

The Bank's on application.

Offcs in London undertakes “Executor“ tandem Gemston.... business... and.

ricovery, De“ British Income Taf overpaid, Agencies" and "Branches

B. W. ROBERTS,

-Manager. Hong Kong, 1st January, 1935.

Foreign Exchange and every des THE BANK OF EAST ASIA, LTD. cription of banking business transacted.

Authorised Capital

Current Accounts and Savings. Ac- counts opened. Fixed Deposits re- ceived at rates which will be quoted on Paid-up Capital application.

Reserve and Undivided

Profits Trusteeship & Executorship under taken. Safe Deposit Boxes for hire.

- PHILIP GOCKCHIN,

Chief Manager

NEW FRENCH REMEDY, THERAPION NO THERAPION NIS

HERAPION NO.3

LOCAL DOLLAR

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

$ 2,776,726.76

HEAD OFFICE:-HONG KON

11, Das. Your Boad, Central

BOARD OF TIKE Bon Sir Ebe Chun, Ea Tang, Esq., Chen,

o, Esq., Fung Ping

Bombay-

Eniphong Fanzow

The demand rate of the

Hong

The market is unanimous that the decision of the Committee, which Kong dollar this morning was was reached in spite of possible ad-1/2-%-

ministrative difficulties in enforcing "Spot" silver was quoted at 19- so big a cut in the Netherlands East and "forward" at 195. Indies, represents the Committee's The London on New York cross- genuine concern over the poor deal rate was quoted at £ US$4.9932 now being experienced by producers: and the New York on London rate **Reuter.

at £U.S.$4.99-7/16.

Mazagar

Bemking and Exchango

granted on approval;

in: Local Oumenicy and Flood Deposits receivač-for- one year or

in rLoosi, and- Foreign Curros

on terms which will be quoted on applicant.

TANG PO

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 Mesara, Sulzer

OFFICE. HONG KONG..

BOARD OF DIRECTORS. G. Miskin, Esq.

-Chairman.

Mr. M. T. Johnson Deputy -Chaizeaz

'J. K. Bourfield, Esq.. A. EL. Compton, Eaq..... 8. H.Dodwall, Esq.,. JB: Masson, Esqu

SIT

CAMOY

BANGKOK

BATAVIA

BOMBAN N

CALCUTTA.

ANTIOX CHEFOO COLOMBO

DAIREN FOOCHOW HAIPHONG HAMBURG

HANROW HARRIN

“HONGFEW

LOLO

POR

KOBE

KOWLOON

E. Morrison, Esq., Hon. MzJJ. Paterson,

E. Puaro

AI Shields, Kaqə, andelen. Auf Estre

BRANCHES

KUALA LUMPER

TORY

REAMING PENANG. KANGOO SARGONIA.

SAN FRANCISCO SENAGELST

SINGAPOR?

SOURDRAVAN

SUNGEI PATSANT

TOKYO

SINGTAD VUKOHIMA

Current Aspouts opened in Local Currency and-- Fixed Deposite Toondyed-fan-case year or abocker paziods in Local Currency, and Starling on BETON which will be quoted" on application. 741-50 up to date SAFE DEPOSIT BOXES vazious sizes TO HEL

foor home Learn

1982

HONG KONG SAVINGS BANK

The Business of the above Bank

by the HONG KONG AND SHANGHAI BANK- ING CORPORATION. Rules" may on application.

FOR THE HONG KONG BANKING COPFORATION.

Hong Song, 1st March, 1987.

ANGHA

THE YOKOHAMA SPECIE BANK

LIMITED

Established 1880

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

e7en-136,400,000

Head Office: YOKOHAMA Branches and Agencies at

Alexandria

Bangkok

Batavia Berling Bombay

Calcutta Canton

Dairen (Dainy)

Moji Nagasali

Nagoya

New York

Osaka

Otázn

Paris

Perging

Fengtien (Mukden) Rangoon

Hamburg

Hankow

Harbin

Hong Kong

Honolulu

Hsinking Karachi

Kobe London

Los Angeles

Rio de Janeiro

San Fran

Seattle

Yingkow allowed for Cam

eposits - received for

at rates to be obtained

Licensed To Manufacture Lanz Perlit Iron, For Internal Combustion Engine Working Parts.

DOCK & SLIPWAYS

tabl

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

Hong Kone lith

SHANGHAI COMMERCIAL- SAVINGS BANK LIMITED (incorporated in China)

Capital paid Reserves

Reserve

00,000. $10,000,000. 1000. 808,000.

Address

“Iziksodock,”- Hong Kong

Telephone No. 30211.

"Call Flag: “Numeral One,”

BUTTERFELD & SWIRE, Agents

the

Hong KonS. Queen's En

Phone 513

her