R
HAMBURG-AMERIKA LINIE
Far Eastern Mail, Passenger & Freight Serivce
Through bookings to America via Europe and Europe via America. Booking around the world.
Through bookings to London.
OUTWARD SAILINGS
m.v. "BURGENLAND" for Shai., Dairen, Taku. Kobe,
K
Osaka, Yokohama, Nagoya..... 27th Mar "NEUMARK" ... for Shai., Dairen, Taku. Tsingtau,
Kobe, Osaka, Thama, Nagoya 31st Mar. * "KULMERLAND" for Shi., Daires, Taku, Taingtao,
Kobe, Osaka, Yhams., Nagoya.. 17th Apr. HOMEWARD SÄILINGS
...30th Mar.
+m.v." SAUERLAND"...for Gogon, Barcelona, A'werp.,
Rotterdam, Hamburg my." RAMSES" ...for Genoa M'lles, Ram. E'hurg...8th Apr. tm.v. "BURGEN AND" for Genos, B'lona, R'dam, R'burg 24th Apr.
Passenger, Vessel. Limited Passenger Accommodation.
For further particulars and passage fares, etc. apply to:- HAMBURG-AMERIKA "LINIË "
JEBSEN & CO., AGENTS.
1. Pedder Street. Tel. 29363.
CANTON AGENTS: CARLOWITZ & CO., Shakee Road,
S.S. "BENRINNES"
Sailing for. LONDON, ROTTERDAM, ANTWERP, HAMBURG, HULL and LEITH (direct) on or about the 9th April.
Cargo will also be accepted on through Bill of Lading to the usual transhipment ports.
S.S.
Tel. 22533
Next Sailing for SHANGHAI & JAPAN
March 17th BENNEVIS
*
For Freight and Passage apply to:-
W. R. LOXLEY & CO., (CHINA) LTD.,
York Building. Agents:
THE BEN LINE STEAMERS LTD.,
BRITISH LOAN TO| SINGAPORE RAW
FRANCE
BANKING CREDIT FOR £40,000,000
Steps To Safeguard The Exchange
London, Feb. 18. " The much-discussed British cre- dit. 10 France has now been agreed upon. arrangements having been concluded for a loan of £40.000,- 000 for a period not exceeding nine months at interest of 3 per cent.
A statement announcing the conclusion of the loan agreement
Was
issued by the Treasury last evening, and was in the following
terma-
"The French Government have arranged with a group of Bri- tish banks organised by Messrs Lazard Bros. and Co. a credit of £40.000.000 for the period not exceeding nine months, with in.. terest at 3 per cent.
"Arrangements
agreed
have been between the Bank of England and the Bank of France with the object of safeguarding the exchange from disturbances. which this transaction might otherwise involve."
1931 FOSITION REVERSED
RUBBER
Latest Singapore Prices
A. B. JOSEPH & CO.
Monday, Mar. 16. Messrs. H. B. Joseph & Co. re- ceived the following quotations un Straits Currency from Singa....}
pore for. Raw Rubber.--
Buyers
Se.lers
i
Spot
28 up 1
261
Apr./June
26) up
261
261 up i 271 up
271 2771
July/Bept. Oct./Dec.
Market-Firm.
BENJAMIN & POTTS
Monday, Mar. 16. Messrs. Benjamin and Potts re- ceived the folowing Straits car- rency quotations (buyers) from Singapore to-day for Raw Rubber
261 cts.
Spot Apr./June July/Sept. Oct./Dec.
Market-Steadier.
PHILIPPINE GOLD MINING.
ceived
SHARES
Monday, Mar. 16. Messrs. Benjamin and Rotts re- the following quotations their Manila Agenka thu
Pesos Buyers Sellers 11.30 11.90
morning-
Beng. Consol.
It is to be noted (writes our Com- from mercial Editor) that the credit is not one from the British to tas French Government, but is being granted by a group of British banks, and the cály interest which the British authorities have in the matter is that they are concerned in the maintenance of exchange
besides,
of stablilty,
course,
their for being called upon consent to the agreement, in view of the "ban" on foreign lending.
Incidentally, the arrangement
HONG KONG DAILY PRESS. TUESDAY, MARCH 17, 1936.
THE EXCHANGE MARKET
MESSRS, ROZA BROS.
Silver prices rose 1/16 over the week-end for both deliveries, the quotations being 19 for Ready and Silver advices 19 for Forward. reported speculators as having sold and there were some speculative buying In America the rate was unchanged at 443 for Spot.
The London/New York cross- rate was quoted at 4.971. New York/London was quoted at 4.973.
MARKET
Steady but not robust.
STERLING
Some business was arranged during the course of the morning at 1/3, 13/16 for March and 1/37 July. The market closed at 1 p.m. with selers at 1/3 13/16 for cash and 1/32 Murch/July, buyers at 1/3 13/16 April/July and prob- ably March.
U.S. DOLLARS
Business was done early in the morning at 32 13/18 for cash and March. The market at 1 p.m. with sellers at 321 March, 32 11/18 Apri and 321 May, buyers at 1/18 higher respectively."
k
SHANGHAI DOLLARS Sellers were quoted at 108 15/16- for cash.
SHANGRAY MARKET
LONDON EXCHANGE RATES
(Barrian WIELE SERVICE)
March 1.
March 13.
Paris
74 57/84
74 57/64
Geneva Berlin
15.14
15.131
12.29
12.281
Athens
Mari
621
62+
!
Shanghai
1/3}
1/2
New York
4.03
Amsterdam.
7,261
4.97 11/16 7.461
Vienna
Prague
1191
Bucharest
Madrid
36 3/16
36 5/18
Lisbon
Hong Kon
Brussels
29.891
29.291
Montevideo
Belgrade
217
Montreal
4.981
Yokohama
Helsingfors
Rio
Buenos Aires
Silver (Spot
Silver (forward) War Loan
10 19
191
31% 106 7/16
19 9/16 31% 1057
1,3
Closing Quotations
ON NEW YORK:-
4.98 1/1 31/32
Bank Bills, on demand 321 Credits, 80 days' right. 31)
ON BATAVIA -
Bank Bills, on demand 481
PRESIDENT LINER TRAVEL SERVICE
is Yours to Command
President Liners frequeul smilinge and their unique stopover privileges allow yon to travy just exactly m you choom, Aad Dollar Steamship Lines and American Kill Line worldwide omoxi und agents are maintained to hate you ashore in whatever place you chance to be. Make your next trip mors enjoyable, travelling “* The Yenient Line way."
TO SEATTLE, VICTORIA
Via Shanghai, Kobe. Yokohama and Victoria.
To SAN FRANCISCO
Vin Shanghai, Kobe, Yokohama: Honolulu, San Francisco, Panama
Canal, Bavana, New York. Pres. Coolidge M'night Mar. 23rd Pree. Jackson M'night Mar. 27th Fre. Lincoln Midnight Apr. 7th Pres. McKinley M'night Apr. 10th Pres. Hoover Noon Apr. 18th Pres, ränt 'night Apr. 24th Pres. Cleveland M'night May 8th Pres Jefferson M'night May 8th Pres. Coolidgo Nooo May 6th Prea. Jackson Maight May 2nd
EUROPE, NEW YORK
Via Manfis, Blugspors, Penang, Colombo. Bombay, Suez Canal. Naples, Genos and Marselles. Pres. Harrison 8. Mar. 28th Pros Hayes
MANILA
THE MOST FREQUENT SERVICE
Next Sailings
Pres. Jackson 6 pm. Mar. 21st
e. Apr. 11th Pres. Harrison 8 am. Mar. 28th Pres. Wilson 8 a.m. Apr. 25th Pres. Linclon 6 p.h. Mar. 31st Pres. Monroe am. May 9th Prea, McKinley 8 p.m. Apr. 4th
MOST FREQUENT SERVIOR ON THE PACIFIC
DOLLAR STEAMSHIP LINES AMERICAN
PADDER BUILDING- HONG KONG. CANTON BLANOBI :—4, BXAXBX BOAU,
LINE
447
On LONDON: -
March 18, 1936,
Telegraphic Transfer... 13 Bank Bills, on demand Bank Billa, months'
7/18
On demand
Bight
1/3
ON PARIS:--
Credits. four months'
There were sellers of Sterling at 1/2 15/32 and US. Dolars at 30 for Spot. Steady but duk.
Light
1/4
Credits, 4 month's sight 500
ON
SHANGHAI —
ON SAIGONI
On Demand
1001
On demand
ON MANILA-
On demand
342
On demand
ON BANGKOK-
1101
On demand
1431
SOVEREIGNS Bank Buying
Babe
1/4
BAR SILVER, péros.
197
IN THE AFTERNOON The market was extremely quiet in the afternoon.
STERLING
In Sterling a small business was reported at 1/3 13/16 for March and 1/3 July. The market closed with sellers at 1/3 13/16 for March and" 1/3 April/July, buyers at 1/16 higher respectively
U.S. DOLLARS
The market closed, with sellers at 322 March, 32 11/16 April and 32 May. buyers at 1/16 higher respectively.
H. K. STOCK EXCHANGE
YESTERDAY'S OFFICIAL
QUOTATIONS
The market opened steady with more buyers in" evidence resulting rates un
in an improvement in mast counters.
BUYERS
Hong Kong Banks, $1550. Union Insurances, $560. Antamoks, $1.88.
Big Wedge. 27 cis. Wharves, $91).
Providents (old), $1‡, Hotels, $4.05.
Hong Kong Lands. $29.
Telephones (old), 324. Singapore Traction. 20/-. Govt. 4% Loan. 41% Prem
SELLERS
Hong Kong Banks, $1580, Humphreys, $9,70. Watsons, $4.85. Constructions (new), 50 cts.
SALES
Union Insurances, $562/5624. Antamoks, $1.86.
Providents (old), $1.15: Hotels. $4.05.
China Lights (old), $104. Electrics, $53).
Telephones (o'd), $24.95.
ON SINGAPORE:--
| On JAPAN :--
On demand
ON INDIA:-
Telegraphic Transfer... 803
Bank, on demand.
47]
19
NEW YORK
STOCK EXCHANGE
New York: March 15.
(Througn. Ketiler's AgeNCF)
41
QUOTATIONS
New York/London Cross-rate Now York Cotton-May. New York Rubber-May. Chicago Wheat-May. May. Chicago Corn Silver-Offcial
Last
Today's High Low Close Close 4.981 4.972 10.94 10.87 10.88 100€ 18.04 15.96 10.9) 18.02
1011 90 1001 01 601 601 61 601 441 442
Change
I up
06 up
terap
It off
foff
enchanged
Mar. 14. Charge 154.00 3.65 up 47.13 117 ap 31.84 1.13 up 93.43 101.85 101.81
.16 up 62,48 57.81 *87.45 .06.0
Dow Jones Averages
High-1834/35
Low: Mar. 13.
30 Industriala
169.87
98.71 160.42
20 Baila
61.73
20 Utilities
35.38.
17.31 45.96 14.48 30.71
40 Bonds
103.26
11 Commodity Index
02.10
គថ្មី គីគឺនី ថ្មីទរ៉តឌីនី គឺ៖
Business Done:—1,120,00, shares.
(1.50)
Pas Gas & Elec.
Packard Motors (10
Penn. Rly. (1PD)
Phillipa Petro
FD.)
JAV
CHINA
JAPA
THE MY
On Home leave why not visit BAL & JAVA--
the Inles of Romancé and Beauty," Through fares to Europe by steamer all the
way or by steamer and Aeroplane combined.....* Special reduced round trip fares. Througb
fares to Australia and South Africe. TO MANILA, MAKASSAR, BALI & SOERABAJA
to
m.s. TJINEGARA "
17h March, 10 a mi.
Tender Dlake Pler 9,00 a.m. Tender Police Vier 0,15 a.ne
TO BATAVIA DIRECT
S.$. TJISALAK
24th March, 11 am.
Tonder Blake Pist 10,00 4. Tender Follow Pier 10.36
TO AMOY & SHANGHAI S.S. “TJIBADAK"
19th March Special Round-Trip Fare fat class Hongkong/Manila/Hongkong H.E. $185.00,
March Winter Round-Trip- Detoker Hongkong/Batavia/Hongkong H.K.$275,00. For further information apply:
Bolland-China Trading Co..
Canton
H. Nolasco da Silver, Esq., Macao JAVA-UHINA-JAPAN LINE York Building
Tel, 28015,
· MODERN
EXPRESS SERVICE
Last Sale
Stock & Div.
Mar. 13 Mar 14
20 cts.
H.K. Lands 4% Debentures 100.
Adams Express (10
Stock & Div. Gold Dust (1,20)
Last Sale Mar. 13 Mar. 14
197 201
26) cts.
Hong Kong Trams, $10.55.
261 cts.
China Lightë (old), $10.20. Electrics, $53.
P) Amer. Can (4D..... 1224- 354 Am. Cy. "B" '(,40).
118
1247
Goodyear T. & R. ... Int. Nickel (1)
261.
281
47.
481
35
int. Tel and Tel. ...
151
161
UN
Am. Forn Powe...
1
78..
Am. Locomotive
Am Radiator
301 20
Kenneco (80) Loew's Inc. (3D)
352 37
47+
48
Am. Smelting (40P) 79 Am. Tel and Tel
(9)
- 822
21 Lorilard (1.20)
Montgomery
32
22
Ward, 38
394
Nat. City Bk. (IŠA) *34
361
165t
1881
Nat, Dairy P. (120) 239
237
Antonioks Paracales
1.20
1.25
Hong Kong Lands. $29.
Am. Tob. "E" (5)... Am. Waterworks '. Anaconda Copper. Auburn Automobile 47: Ealtimore & Ohio.. Bethlehem Steel Boeing Airplane Brook Man
881
Nat. "Distillers (2)...
301
311
CONSIGNEE NOTICES.
201
NY. Central
331
331
North Amer. (1)
26+
+191
34
341
524
22
Trans
32
33+
.38
2.39
H.K. Trams, $10.80.
(3)
43
427
431
Ban Mauricios
.57
59
Brook 6% cam. pl.
Pub. Ber. N.J. (2.40)
41
417
I. X. L's
.75
.80
(0)
1001
100%
Radio Corpn.
12
Masbales Demonstrations
.42
Case, J. J.
127
1331
Rey. Tob "B" (3)
52
514
30
371
Canadian Pac. Rly.
124.
.134
Bears Roebuck (2D)
611
624
Big Wedges
.181
.17
Chase Nat. Bk (1.40
Soc-Vacuum (2D)
15
151
*372
381*
Sthrn, Cal Ed. (1.50)
251
251
FAVOURABLE TO BOTH SIDES
634
601
8thrn Pacific. --------
31)
"33
Stan Brands (80)
16 157.
654
58
Stan. Gas and Misc.
学
911
941
Ster. Proda (3.80) ...
70
714
Texas Gulf Sulp. (2)
357
35
.181
174
Trans, (308A & D)
131
134
971
Twentieth Cent Fox.
281
201
3
31
Un. Car, & Carb. (2)
811
82
32
341
Un. Pac. Rly. (8)...
1284
132
33
34
Un, Aircraft (New)
128
29
82
.81
Un. Airline Trans....
143
184
187
191
United Compa. ......
671 801
United 3 cum
pf.
.1414 18
1451
(3)
1422
437
101
Un. Gas Impr. (1)
161
161
76
78
US. Rubber
231
251
56 *
ST
U.S. Steel
603 031
371
39
Vanadiura
214
231
34 341
Warner Bros. Plets.
11
111
591
s11
Westinghouse (175F) 113
1141
$4
·44
Call Money
Bid;
t'possible mutilation
P
any case, be a mistake to dogatise the future of French trade
therefore, of the and,
Currency
on
reverses the position of 1931, when this country secured a short-term credit in France-which was quickly repaid cwing to the satisfactory recovery then initiated. France, of
frequently in the pist aroused course, which since the war had year or two of the imminence of already, experienced the evils of devaluation, but these have as yet France, despite the recovery in re acute currency instability
been falsified, and, while the need weakness, has steadfastly adhered for a loan on the part of the to her poller of maintainip ne
French Treasury indicates that the value of the franc. This has en-
position far from satisfactory, the talled constant deflation, leading efforts to expand trade and uphold the currency are undoubtedly now meeting with some success.
and
to a contraction in trade and in It is to meet Treasury revenue. the immediate needs of the French Treasury tha: the inan bà heen arranged.
DEVALUATION
PROPHECIES
SA) C'peake Corpn. (3) From the purely financial point 'peake and Ohio
(280) of view the arrangement seems a favourable one for the lenders and | Chrysler (1) position. Expectations have been borrowers alike. In this country Col. Bas and Elec.
π- (.20P) the dificulty of securing munerative employment for short- Col. 6% "A" Pt.
perstate, while I Com. Bihm, ord. term funds
Cona, Gas N.Y. (1) cent weeks, money rates are still Cont. Oil (.87)P) relatively high, and it is unlikely Curtiss Wright that the Treasury could borrow in- Curtiss Wright "A" ternally at a rate as fvourable as Doug. Aircraft (.75P) on the loan now arranged. In any Du Pont (3.80D) event the French investor has been Elec. Bond & Share The latest business Indices near-frequently called upon in recent Elec. $8 pf. (6) .....
months.
Gen. Cigar (4) ly all show moderate improvement
on those of a year ago, and a point The French Finance Minister has Gen: Elec. (80....... in favour of further expansion is emphasised that the loan would be Gen. Foods (1.80)... No information is available that as a result of the stress of a purely banking character, and Gen. Motors (2D) about the security for the loan, but the past few years production that no economie advantages to Gen. Ry. Biga (1)... hese must be quite satisfactory to costs have been reduced to low Great Britain would be made a
1. cx. div. the British tenders. I would, in levels..
condition of its arrangement.
NOTICE TO CONSIGSEKS,"
GARBURG ALIERIKA LÍNIE.
RAMSES"
having arrived, from Hamburg and Ports of call, Connighces of Cargo hereby notified that their Goods are and placed at their risk into 124 being landed and Blooded WHAT A at Kowicon
74
CONSIGNEE NOTICES.
NOTICE TO CONSIGNEES
ME, TAI TANG"
From U.8, PORTS via MANILA.“ ས་
ONSIGNEES of Cargo are hereby informed that the above važ has arrived and is berther at Danger one Anchorage A 16 whente delivers may be obtained from ex ahip.
Optional caro will not be landed
Godown Company's Fined here, aplers notice has been given
where delivery any be as the Goods are landed.
Optional Cargo Will not be landed here, unless. Notice has been given 43 hours prior to Vessel's arrival, bot carried on from port to port to the final port of call to which the option extends.
No Claims will be admitted after the Goods have left the Grodowns, and all Goods remaining undelivered after the 10th March, 1:36, will wubject to
Bent
All broken, chafed and damaged Goods
The left
in the Godowns, where
are to
they will be examined on 19th March. 186, at 10 am, "by our Burveyor, Mesara, Goddard & Douglas.
To comply with the General Bonded Warebones Kepulations ignees must -have a Revenue Officer in attendance when datis od datiable goods are examined.
All Claims manat rinch us before the 13th April, 1936; or they will hot be recognized.
No Insurance will be effectet
Bill of Lading will be countersignen by
JEBSEN 00 Agante, g
Hong Kong lath March, 1938
14789
house priot to venel's artiral; bus carried from port to port at Master's optionto the final part of call to which the option ext pla
No Olaims will be admitted after the Goods have left the ship, and Goode remaining undelivered prior to the departure of the vessel will be landed end stared in our godon /or lighter the cost of landing and storage being for Consignee's Account.
All broken, shared, and damaged Goods will be examined on board by our surveyors, Melem. Goddard & Douglas, before the goods are delivered. In the case of dutiable cargo, con signees are recties ed to inform the Import & Export Ome that they have such goods for examination, and to make arrangements for the goods to be landed into Bonded Warehouse.
No Fire Insurance has been effected. Bills of lading will be countersigned.
* PODWELL & CO. LTD.
Hongkong, 14th March, 1935.
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