1938-05-09 — Page 17

THE CHINA MAIL, MAY 9, 1938.

GATHERING OF BANKING CLANS AT BASLE

L.

Basle, To-day.

REICH TRADE IN MIDDLE EUROPE

ary,

London, To-day.

The exchange of goods between Germany, on the one side, and Hung- Berlin: Rumania, Yugo- plavia, Bulgaria and Greece, on of 21 the other has been considerably in- to the latest banks creased, according note-issuing have arrived here to take part in statistics. the Eighth General Meeting of

The representatives European

in

German exports to these five coun; 875 million the Bank for International tries increased from Settlements, as well as several marks in 1936 to 556 millions

Approximately one ninth of representatives of American and 1937. Japanese note-issuing banks, who German imports is coming from are also shareholders of the Bank these countries. for International Settlements.

Greater 47

per

on

ex-

Including Austria, the Mr. S. A. Weldon will represent Reich in 1937 purchased the First National Bank of America, cent. of Bulgarian, 41 per cent. of be Hungarian, 35 per cent. of Yugo- while the Bank of Japan will represented by its Berlin Manager, Slav, 32 per cent. of Greek and 27

The German Mr. Yamamoto.

de-per cent. of Rumanian exports.

Germany therewith absorbs legation is the same as that attend-

third of the an average more than one ing the monthly sessions Board of Directors of the Bank for of the total exports of the five south- International Settlements. Besides east European countries.

Competent German quarters Dr. Schacht, President of the Reichs- bank, Finance Councillor Focke and pect that the German demand for these five Dr. Ernst Huelse will attend as re-export commodities of

the presentatives of Reichsbank agrarian countries will increase even Directorate, while Herr von Schroe-further.-Trans-Ocean. der, Banker from Cologne, and Herr Reusch, General Manager of Gute Hoffnungshuette will also members of this delegation.

EXPERTS SENT Besides its permanent Delegates, Mr. Montagu Norman, Sir Otto Nie- meyer and Director Gobhold, Bank of England has sent two perts, while the Bank of France, besides Deputy Governor Fournier, was quoted at £-U.S.$4.9812 Baron Brincard and the Marquis the New York on London rate at

regularly to U.S.$4.98-1/8. de Vogue-who go

BANKS

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

Incorporated by Royal Charter, 1838.

HEAD OFFICE: LONDON 38, Bishopsgate, E. C. 2. Paid-up Capital Reserve Fund Reserve Liability of Proprie-

tors.

HONG KONG AND SHANGHAI

BANKING CORPORATION

Authorised Capital

.........$50,000,000

Issued and Fully Paid-up 20,000,000 Reserve Funds:-

Sterling

serve

Hong Kong Currency Re- £3,000,000 | £8,000,000 Reserve Liability of Proprie

tors

.£8,000,000 Manchester Branch, ・・ 71, Mosley Street, Manchester. Agencies and Branches:

Alor Star Amritsar

Bangkok Batavia Bombay Calcutta Cauton Cawnpore

Iloilo Ipoh Kargobi Klang Rebe

11

Cobu Colombo Delhi Haiphong Hamburg Hankow Harbin Hong Kong

Kuala Lumpur Kuching Madras Manila.

Medan New York Peiping

(Peking)

Fenang

Rangoon Baigon Samarang Seremban 8bangbal Bingapore Sitiawan Sourabays Taiping Tientsin Tongkah

(Bhuket) Telogtso

Yokoham Zamboanga

Foreign Exchange and General Banking busines

transacted.

.$ 6,500,000

.$10,000,000

.$20,000,000

HEAD OFFICE: HONG KONG.

BOARD OF DIRECTORS. T. E. Pearce, Esq.,

Chairman.

Hon. Mr. J. J. Paterson,

Deputy Chairman,

1. K. Bousfield, Esq., A. H. Compton, Esq., Hon. Mr. B. II. Dodwell, M. T. Johnson, Esq.

J. R. Masson, Esq.,

0. Miskin, Esq.,

K. B. Morrison, Esq., Hon. Mr. A. L. Shields, D. C. Edmonston, Esq., Acting Chief Manager.

BRANCHES:

AMOY

BANGKOK

BATAVIA

BOMBAY

CALOUTTA

CANTON

CHEFOO

COLOMBO

0.

DAIREN

FOOOBOW

1

HAIPHONG

Current Accounts opened and Fixed Deposits rooalved fur one year or, shorter periode at raten. which will be quoted on application.

The Bank'e Baad Ulos in London undertake,

and olain business, Executor and Trustee recovery of Britisk Income Tax overpaid, tut me which may be ascertained at any of it. Agenolos and Branches.

R. W. ROBERTS,

Manager.

Hong Kong, 1st January, 1985.

THE BANK OF EAST ASIA, LTD.

the

be

LOCAL DOLLAR

Hong The demand rate on the

this morning was Kong dollar 1/2-13/16.

the

Authorised Capital Paid-up Capital Reserve and

Profits

Undivided

ex-

The Bank of

"Spot" silver was quoted in Lon- don on Saturday at 18-11/16 and forward at 18-7/16.

The London on New York rate and

LISBON MISSION IN LONDON

Basle--has also sent its Finance President and Director of the De- partment of Studies. Italy has sent Signor Accolini, Pro- fessor Beneduce, Director Pennachic and Director Nathan, who has often accompanied the Italian Delegations,

London, Yesterday. and besides these, two other experts.

The Portuguese Ambassador and The North European States will each be represented by the President members of the Portuguese Mili- of the National Bank and one other tary Mission who are at present guests _member_of_the_Bank, while Danzig visiting London, were the will be represented by the President of the British Government at lun-.. of the Bank of Danzig, Dr. Schae-cheon yesterday.

fer.

The Government was represent- Holland will be represented only ed by the Minister for Co-Ordina- by the President of the Nether-tion of Defence, Sir Thomas In- lands Bank and one member of the skip and the Earl of Plymouth.- Board of the Directors, Dr. Trip, British Wireless. and Belgium by the Governor of its National Bank Mr. Jansen

MUCH SIGNIFICANCE The strongest delegation of the Eastern European States will be that of the Rumanian National Bank, which is sending six dele- gates, while Yugo-Slavia and Czecho-Slovakia will each send only one representative.

many

80

As usual, the meeting of

influential bank managers will also afford an excellent op- portunity for animated personal and collective exchange of opinion. These private discussions usually have far greater influence and significance than the purely formal proceedings at the general meet- ing. Trans-Ocean.

· SATURDAY'S SOLUTION

IGNITED

IN T

CRI LIE

$10,000,000.00

$ 5,598,600.00

.$ 2,776,726.76

HEAD OFFICE:-HONG KON

10. Das Vaux Road, Central

BOARD OF DIRECTORS :-

ilon. Bir Shou-son Chow, Obairman; Li Koon Chun, Esq., P. K. Kwok, Esq., Wong Yun Tong,

Esq., Chan Ching Bhak, Esq., Li Lan Sang, Eaq. Wong Chu Son, Esq., Kan Ying Fo, Esq. and Yung Ting Wah, Esq.

Amoy Batavia

Kan Tung Po, Esq., Chief Manager. Li Tre Fong, Esq., Manager. BRANCHES AND AGENCIES:-

Manila Melbourne Nagasaki

Osaka

Parl

Seattle Samarnos

Stanghal

Bombay

Calcutta Canton

New York

Singapore Bourabaya

Swałow

Haiphons Hankow Bǝnolulu

Bydney

Trikoku

Kobe Kowloon London

RAD OOM

Tientsin

Saigon

Tokyo

San Francisc

Vancouver Yokohama

Falping

Penang

HAMBURG HANKOW HARBIN HONOKEW ILOILO

IPOH JOHORE

KOBE

KOWLOON

KUALA LUMPUR

LONDON LYONS MALACOA MANILA MUAB (Johor) MUKDEN

NEW YORK PEIFING

PENANO

KANGOON

AIGON

SAN FRANCISCO

SHANGHAI SINGAPORE

SOURABAYA SUNGEI PATANI

SWATOW TIENTSIN

TOKYO

TSINGTAO

YOKOHAMA

Current Accounts opsand la

Local CurroAVJ

or

and Fixed Deposits received for one your shorter perioda in Local and other currenclos on terms which will be quoted on application.

ALSO up to date BAFE DEPOSIT BOXES in various sizes TJ LET.

lloug Kong, 28th February, 1988.

HONG KONG SAVINGS BANK

The Business of the above Bank in conducted by the HONG KONG AND SHANGHAI BANH. ING CORPORATION. Bules may be obtained on application.

FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION.

D. C. EDMONSTON,

Acting Chief Manager. Hong Kong, 1st March, 1991.

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- cription of banking business transacted. Current Accounts and_Savings_ Accounts opened. Fixed Deposits re ceived at rates which will be quoted on_application. Year or

Every description of Banking and Exobanqu Loans granted on approved business trapuncted. securities.

Currant Accounts opened in Local Currency and Fixed Deposits received for one shorter periods in Local and Foreign Currencies on term which will be quoted on application.

Safe Deposit Boxes To Let.

KAN TUNG PO,

Chief Manager,

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

PHILIP GOCKCHIN,

Chief Manager.

THE TAIKOO DOCKYARD & ENGINEERING COMPANY

OF HONG KONG, LIMITED

BUILDERS OF ALL CLASSES OF SHÍPS.

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

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

Tel. Address

Taikoodock,” Hong Kong.

Telephone No. 30211.

Cáll »Flag: -“Numeral One,” over “Ponnant Anns.”

BUTTERFIELD & SWIRE, Agents