1940-08-07 — Page 13

THE CHINA MAIL, AUGUST 7, 1940.

TRAVEL

SHIP-OWNERS' BID HONGKONG & SHANGHAI

A.-O. LINE FOR BETTER TERMS:

OFFICIAL REPLY

TO

AUSTRALIA

CALLING AT MANILA, THURSDAY ISLAND,

CAIRNS, TOWNSVILLE, BRISBANE,

SYDNEY AND MELBOURNE, ETC.

NEXT SAILING

MIDDLE OF SEPTEMBER, 1940.

For Freight or Passage, apply to :-

BUTTERFIELD & SWIRE

Agents

Hong Kong, China & Japan.

- Tq

Tel. 30332.

BURNS PHILP LINE

Passenger & Freight Service To

AUSTRALIA

We have

a vessel

sailing

shortly

for

Saigon,

Madang,

BANKING CORPORATION.

Authorised Capital ..... -$50,000,000 Issued, and Fully Paid-up...$20,000,000 Reserve Funds:-

-Sterling

Hong Kong Currency Re

serve

prietors

£6,500,000

-$10,000,000

$20,000,000

HEAD OFFICE: HONG KONG.

A MEMORANDUM issued in London last Reserve Liability of Pro- night contained the Government view on the financial representations made recently by British shipowners.

BOARD OF DIRECTORS: H. V. Wilkinson, Esq., Chairman.

Hon. Mr. J. J Paterson, Deputy Chairman,

A. H. Compton, Esq.,. T. E. Pearce, Esq...

Dodwell, Hon. Mr. A. L,

Shield

In the course of the negotiations, it was stated, the Chamber of Shipping and the J. K. Bourfield, Eng., K. S. Morrison, Esq.." Liverpool Steamship Owners Association call-Hon. Mr. B. II. C. C. Roberts, Esq., ed attention to the difficulties in which thes, Esq.,

Sir Vandelcur M. Grayburn, British shipping industry will find itself con- fronted at the end of the war in replacing vessels lost through marine war risks or ren- dered obsolete by age.

They also expressed their ap- prehension regarding enhanced competition from foreign ship-

ping.

The memorandum continues: "The Government felt bound to

STOCK MARKET QUIET

take the view that rates of hire Business on the London Stock

Chief Manager.

BRANCHES:-

Ipoh Jobore

Jobe Kowloon

Пивкооп Saigon

San Francisco Shangbai

Kuala Lumpur. Singapore

Amoy

Bangkok

Bataria

Bombay

Calcutta

Canton

Londen

Chiefoo

Lyons

Colombo

Dairen

Man

Foochow Haiphong Huukow Harbin

Iloilo

Mulagen

Sourabaya

14

Sungei Petani

Bwalow

Tientsin

Muar (Johore) Tokyo

Mukden New York Peiping Penang

Tringtoo Yokohama

to be paid for the use of requisi- Exchange yesterday was too small Current Accounts opened in Local Currency and Fixed Deposits received

HONG KONG SAVINGS

tioned vessels during the war to provide a real test for prices for one year or shorter periods in Local should be based upon proper al- and consequently the trend in and other currencies on terms which lowance for running expenses, most sections appeared slightly will be quoted on application. proper provision for current de- easier. Gilt-edged initially ad- ALSO up to date SAFE DEPOSIT preciation and reasonable return vanced and subsequently reacted BOXES in various sizes TO LET. on capital.

partially on lack of support. Hong Kong, 28th February, 1840, "They were unable to agree it Egyptians advanced but other would be proper to include in foreigners were quiet. Industrials these rates the cost which would were irregular and oils occasional- fall on the community during the ly better. Wall Street was steady. war, any allowance towards-Reuter. making good past arrears of de- preciation (apart from an ai towance for carrying deprecia. tion) or towards building up provision for replacement in the future.

In Due Course

LOCAL DOLLAR

The demand rate, on the Hong Kong dollar to-day was 1/2 7/8. Silver was quoted at 23 spot and 22-11/16 forward. "At the same time, Government'

The cross rate London/New recognise that their predecessors York was quoted at £-U.S.$4.- in office in 1939 found it necessary 0250 and the New York/London Įto formulate a number of proposals rate at £—U.S.$3.95.

for according financial assistance to British shipping.

THE CHARTERED BANK

"Progress of the legislation OF INDIA, AUSTRALIA was interrupted by the out-

AND CHINA. break of war but the necessity Incorporated by Royal Charter, 1853. of maintaining the British Mer- cantile Marine In adequate Paid-up Capital strength and in a position of Reserve Fund full competitive efficiency is re- Reserve Liability of Pro- cognised no less strongly by the

-prietors. Government to-day.

as one

"They therefore keep this ques- Salamaua, tion constantly in mind

which it will be necessary to ask Parliament to deal with in due course."-Reuter. -

Rabaul,

Sydney &

Melbourne

Excellent passenger accommodation with a large

The

Loan Grants

£3,000,000. £3,000,000.

BANK.

The Business of the above Bank is conducted by the HONG KONG AND SHANGHAI BANKING CORPORATION. Rules may be obtained on application.

FOR THE HONG KONG

AND SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

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

THE BANK OF EAST ASIA, LTD.

Authorised Capital Paid-up Capital

Reserve and Undivided

Profits

-$10,000,000.00 5,598,000.00

2,983,261:50

HEAD OFFICE:-HONG KONG 10, Des Voeux Road, Central,

BOARD OF DIRECTORS:— AA £3,000,000 Hon. Sir Shou-son Chow, Chairman; Li Koon Chun, Esq., P. K. Kwok, Esq., Wong Yun Tong, Esq., Chan Ching Shek, Esq., Li Lan Sang, Esq., Wong, Chu Son, Esq., Kan Ying Po, Esq. and Fung Ping Waḥ, Esq.

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

West End. Branch: . 14/10. Cockspur Street, S.W.1. Manchester Branch: 52, Mosley Street, Manchester, 2.

document discloses that loans totalling £4,800,000 have AGENCIES AND BRANCHES:.. been approved towards the cost of Alor Star building new vessels and under Amritsar Bangkok the British Shipping Assistance Batavia Bill about 100 new cargo vessels Bombay will rank for grants involving a

Calcutta

first payment of £320,000.

number of single cabins at no supplement. in Swimming Bath and Spacious Sports

Passenger & Freight Agents:-

Built

Ronald Cross,

Deck.

GIBB, LIVINGSTON & CO., LTD.

Telephone 28031

Delbi

+

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

BRANCHES AND AGENCIES:-

Calcutta

Haiphong

Hankow Honolulu Kobo Kowloon London

Ainoy

Batavia

Hachow

Ролард

Bombay

Harbla

Rangoon

Holla

Hong Kong

Saigon

Beremban

Shangbai.

Machi

Sitiawan

Singapore

Streck

Place Kuala Lumpur

Kuching

Madras

Tongkah

Manilo

(Bhuket)

Medan

Tringtao

New York

The Shipping Minister. Mr.

Canton interviewed last Cawnpore night, said apart from ships being Cebu used as armed merchantinen, hos- Colombo pital ships or transports, the alphong Ministry had already requisition- Hamburg ed nine-tenths of the total num- ber of liners belonging to estab- lished lines.-Reuter.

FOR SALE

FOR SALE-Treasure Cot, com-

Priping

(Peking)

Yokobama -Dettmemekadre

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.

SAVINGS ACCOUNTS also opened in

P. & O. Building. plete with mattress and silknet, Local Currency and Sterling with in- Idrapes, etc. Also baby bath and terest allowed at rates obtainable on

sundries, Cheap. Apply Caretaker, application. Shell House.

INDO-CHINA

STEAM NAVIGATION COMPANY, LTD.

OPERATING SERVICES FOR

CARGO and PASSENGERS

TO-SWATOW, SHANGHAI, TSINGTAQ,

CHEFOO AND TIENTSIN

KOBE AND OSAKA

SINGAPORE, PENANG AND CALCUTTA BANDAKAN, HAIPHONG

All steamers barth alongolde the Roosevelt Terminal in the French Concession at Shanghal, where passengers and cargo are landed.

For Further Particulars Please Apply To

JARDINE, MATHESON

& CO., LTD.

GENERAL MANAGERS. TELEPHONE – 30311.

1

The Bank's Head Office in London undertakes Executor and Trustee' busi ness, and claims recovery of British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.

R. A. CAMIDGE,

Manager.

THE MERCANTILE BANK

OF INDIA, LTD.

HEAD OFFICE:

15, Gracechurch Street, London, EC,8.

Authorised Capital

Subscribed Capital

Pald-up, Capital.

Reserve Fund & Rest

BANKERS:

£3,000,000

1,000,000

3,050,000

1,254,639

The Bank of England and Midland

Bank, Ltd.

Kunnian

New York.

Ponatg

BRANCHES:

Dangkok

Голда

Madran

Bombay

Calcutta

Kandy

Colombo

Karachi

Delhi

Kota Bharu

Gallo

Hàng Konn

Kuala Lipis

Howrah

Kuala

Ipoli

Trengganu

Kangoon Shanghal

'Singapore

Kuala Lumpur Simis

SHONG KONG BRANCH

Munila

Beattle

Melbourne

Samarang

Nagasaki.

Shangha

New York

Singapore

Sourabaya

Swatow

Paris Peiping

Ponnug Rangoon

- Baigon

San Francisco

Sydney

Tientsin

Vancouver

Every description of Banking and Exchange business transacted, LJans granted on approved securities,

Current Accounts opened in Local Currency and Fixed Deposits received for one year or shorter periods in, which will be quoted on application. Local and Foreign Currencies on terms

Safe Deposit Boxes To Let.

KAN TONG PO,

Chief Manager.

THE WING ON BANK, LIMITED.

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

LONDON BANKERS Westminster. Bank, Ltd. Foreign Exchange. and every description of banking business transacted.

Accounts opened. Fixed Deposits .Current Accounts and Savings

received at rates which will bo quoted on application,

Safe Deposit Boxes for hire.

PHILIP GOCKCHIN,

Chief Manager:

FOR SALE

A selection of the best varieties of

RELIABLE and TESTED FLOWER AND VEGETABLE SEEDS

Mecare. Suttons & Sons, Reading. Messrs. Atlee Burpee & Co., Philadelphia

A

| Messrs. Arthur Yates & Co, Ltd, Sydney

Every description of Banking and The opportunity of serving you Exchange business transacted."

TRUSTED AND EXECUTORSHIP

UNDERTAKEN,

CURRENT ACCOUNTS opened. In Local Currency and FIXED DEPOSITS received in Local Currency' &· STER- LING on termb that may be ascertain< ed on application.

D. BENSON;

Manager.

will be a pleasure

and your commands will have our best attention.

GRACA & CO.

No. 10, Wyndham, Street, P..O. Box 620 Hong Kong.