1939-03-30 — Page 21

HONG KONG AND SHANGHAI

BANKING CORPORATION

Authorised Capital.

$50,000,000

It's no fun being a bachelor-Issued and Fully Paid-up..$20,000,000 especially in Germany. -

German bachelors are liable to pay more than half their income to the State under a new order by the Minister of Finance.

The tax on their incomes has been raised by 12% per cent., but the total tax payable must not exceed 55 per cent.

LOCAL SHARES

•

Following is the list of 'changes and enquiries in local share quotations this morning:-

INSURANCES

Union Ins. $460 b., $465 ga. DOCKS, WHARVES, GODOWNS,

. ETC.

H. K. and K. Wharves $111 s.. Providents $4 b

MINING

Raubs $8 h.

Atoka PB. 84 sa.

Antamoks Ps. .41 sa.

sa.

Baguio Gold Ps...25 Benguet Consol. Ps. 12.50 sa. Coco Grove Ps. 40 sa. Consolidated Mines Ps. .003 sa. Demonstrations Ps. .14% 88. I. X. L. Ps. .61 sa. Paracale Gumaus Ps. .16% sa. San Mauricio Ps. 1.94 88. United Paracales Ps. 70 su.

LANDS, HOTELS & BLDGS. H. K. and S. Hotels $5 b.

H. K. Lands $30 s.

PUBLIC UTILITIES

Reserve Funds:

Sterling

Hong Kong Currency Re

serve

Reserve Liability of Pró-

prietors

£6,500,000

$10,000,000

$20,000,000

HEAD OFFICE: HONG KONG.

DOARD OF DIRECTORS 1- Hon. Mr. A. L. Shields,

Chairman.

W. H. Lock, Esq.,

Deputy Chairman.

J. K. Bousfeld, Esq., G. Miskin, Esq.

A. II. Compton, Esq., . 8. Morrison, Esq., Hon. Mr. S. II. Dodwell, Hon. Mr. T. E. Pearce.

H. V. Wilkinsosi, Esq. D. F. Landalo, Esq.,

Sir Vandeleur M. Grayburn,

AMOY

BANGKOK BATAVIA

BOMBAY

CALCUTTA

CANTON

CHEFOO COLOMBO DAIREN FOOCHOW HAIPHONG HAMBURO

HANKOW

HARRIN HONGKEW ILOILO

ІРОД JOHORE. KOBE

Chief Manager.

BRANCHES:-

LONDON. LYONB MALACCA MANILA MUAR (Johor) MUKDEN

NEW YORK PEIPINO PENANG TANGOON BAIGON SAN FRANCISCO

SHANGHAI BINGAPORE BOURABAYA SUNGEI PATANI BWATOW

TIENTSIN

TOKYO TSINGTAO YOKOHAMA

ROWLOON

KUALA LUMPUR

Current Accounts opened in Local and Fixed Deposita received for shorier perioda" in Local and other currencies.

terms which will be quoted on application. ALSO up to date BAPD DEPOSIT BOXES

obe

Currency Dr

H. K. Tramways $16.15 b., $164 sa. various sixes TO. LET. China Lights (Old) $8.20 b.

China Lights (New) $5

80,

H. K. Electrics $57 s...$56/50% sa.

INDUSTRIALS

H. K. Ropes $3.60 b., ex. div.

STORES, &C.

Dairy Farms Ex. rt. $20% b. Wing On (H.K.) $42 b,

MISCELLANEOUS

Marsmans Inv. (H.K.) s/- 5/- sa. Dairy Farms Rts. $15 b., $15% 88.

A group of Southern Senators, after a conference Entertainments $64 b.

yesterday, announced a new programme for dealing with the cotton surplus in opposition to President Roosevelt's export subsidy plan. Senator Smith, who called the, the probable effect of President conference, said the group had de- Roosevelt's subsidy plan. cided on a twofold plan to reduce loan cotton.

to

Firstly, to permit growers reclaim loan cotton at from three cents to five cents a lb. provided they reduced new production equal amount, and

an

Secondly, an additional subsidy of three cents alb, if growers agreed to market their cotton instead entering it into loan.

of

LOCAL DOLLAR

The demand rate on the Hong According to intimations from Kong dollar to-day was 1/24. Washington, the proposed export "Spot" silver was quoted in bounty would probably be be London at 19% and forward at tween two and three cents. How-19-5/8;

The London on New York rate ever there has been nothing off- cial in this connection thus far. was quoted at £-U.S.$4.68.18 the

York

London rate at It is believed that Congressional New sentiment will be against an ex-£-U. S. $4.68-1/8.

from port subsidy, and moreover wides- pread protests are expected cotton and textile circles.

ав

SENATE PRESSURE Therefore enactment of the re- cessary legislation is regarded very difficult, and the George resolu- retion against a subsidy is now likely to be pressed for immediate Senate

to

RETURN IT TO FARMERS Senator Smith said that instead of exporting it at a discount foreigners, they were going to turn it to the farmers who raised

it.

and

action.

سنے

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

Incorperated by Royal Charter, 1653,

Paid-up Capital

.£8,000,000. .£3,000,000. Reserve Fund Reserve Liability

.£3,000,000. prietors

of Pro-

HEAD OFFICE: LONDON: 38, Bishopsgate, E. C. 2... Sub-Agencies in London: 117/122, Leadenhall Street, E. C. 3.

West End Branch:

14/16, Cockspur Street, S. W. 1. Manchester Branch:

Senators Smith, Bankhead

New York exchange circles are George declared they would attempt of opinion that creation of a two- to speed the proposal through the price system would be detrimental Senate.

would estimated Senator Smith

to the futures market and. the plan would not require more seriously impair merchandising ma- than $120,000,000 for additional chinery. The trade has especially payments or entail a loss of more noted that Press. Roosevelt is plan- than $60,000,000 on reclaimed cot-ning continuation of loans on the

next crop. Many thought this would Alor Se tend to bring back into loan as much Bangkok details, cotton as the Government was able

the to dispose with an export bounty.

ton:

ROOSEVELT PLAN In the absence of exact says a New York message, cotton trade is unable to

o appraise Reuter.

Dine at the

71, Mosley Street, Manchester. AGENCIES AND BRANCHES:

Amritsar

Harbin Hongkong Hallo

Batavia Bombay

·Paning Rangoon Balgon Beremban Shanghai

Olive Stroot

Caloutta Agencias: Klang),

Kobe

Singapore

Bistswan

„Kuala Lumpur

Bourabaya

Canton

Hushing

Madras

Manila

Tongkah

Colombo

Madan⠀

Dathi

New York

Taingiao

Haiphong

Paiping

„Yokohama

Hamburg

(Peking)

Hankow

Fairlia Place

Dawnpore

Daba

CURRENT ACCOUNTS opened” and DEPOSITS-repaired for, Oña periods in Lodil. or Other which will be quoted "on-ap

SAVINOBADODUNTS"

Ysár

Our

Parisian Grill

Dinner and Dance Music

by

THE BLUE DANUBE TRIO

Open till 1 a.

Fine Wines

FOREIGN LUHANGH and Guneral Business transaéted, th

Currency and Barling with,

The Bank's Hod

covery of British <hich may and, Branchean

Good Food

Hong Kong, 25th February, 1989..

HONG KONG SAVINGS BANK

The Business of the above Bank is conducted by the HONG KONG AND SHANGHAI DANK- ING CORPORATION. Itulos

may be ou application.

FOR THE HONG KONG AND BANKING COBTORATION.

obtained

SHANGHA

V. M. GRAYBURN, Chief Manager.

Hong Kong. 1st March, 1987,

THE BANK OF EAST ASIA, LTD.

Authorised Capital Paid-up Capital Reserve and Undivided

Profits

.$10,000,000.00 5,598,600,00 2,883,932,01

HEAD OFFICE-HONG KONG,

10, Des Vaur Road, Central

T

BOARD OF DIRECTORS :---

Bdul. Sir Shou-san Chow, Chairman; Li Koon Yua Chun, Esq., P. E Ewok Keg WORK Tong, Esq., Chan Ching Bhek, Esq, Li Lan Sang. Eng. Wong Chu Sou, Esq., Kan Ying Po, Esq. and Fung Ping Wah, Esq.

Kan Tong Po, Esq., ChiefTM Manager. Li Tse Fong, Esq., Manager.

Branches And Agencies:-

Mi

Melbourne

Beattle

Ainoy

Batavis

Samarung

Bombay..

Nagamki

Shanghai,

Caloutta

New York

Slagspore

Haiphong Rackow Honolulu

Sourabaya

Falping

Swatow

Penang

Sydney

Rangoon

Tiantain

Baigon

Vancouver

San Francisco

Koba

Kowloon

London

Every description of Banking, "and" Exchange business transacted." Leana granted on approved- wepurities.

Current Accounts" "Copassé", in Local Durrancy and Fixed Deposite received for one your... ce aborter perioda - in - Loval- sui:1 Foralyn: Orkrenales

on application. outerms which will be quoted, e

Bafe Deposit Boxes To Lat.

KAN TONG PO,

Chief Manager.

THE WING ON BANK, LTD.

Head Office: Hong Kong.

Des Voeux Road, Central, Authorised Capital: $10,000,000

LONDON BANKERS:

Westminster Bank, Ltd. Foreign Exchange and every descrip Lion of banking business transacted.

Current Accounts and Savings Ac unts.ppened: Fixed Deposits, reckl

will be quoted

shin and B Sale. Dèpa PHILIP