NDL
FAR EAST EXPRESS
PASSENGER & FREIGHT SERVICE.
Straita & Ceylon
.
Manita
pre.. Relawan.........
Date
Prom Hong Kong to
Europe
Vale
Ports
Ta..
Carlopen
Trave
Ware, C'bhanics Ilboo, Antwerp, Rotterdam, Hamburg, Bretaun...................... Mar 'n 'hipton, Rotterdam, Bromna, Baraburg
Aug.
4
Aug
Goiena Jadwal ke
Shangkel & Japan
Scharborst Guelminaa
S'para Penang, Belawan, Colombs... Mandin Manila
Aug. Sp Ang 21 Bapt. 43
Ma, Yokoham, Kobe
ALS
4
hal. Yokohams, Kobe
Sep
3
Shanghal, North China & Japan
South Seljalands
Shanghai. Tringiao, Deirra,
Taku,
Yʻbama, Nagoya, "Kobajraka
Aug
5
Kading. Balama. Rabaul, eta. Rabu, Tula, Kavieng, et
Aug.
Sirp
11
Harek
ני, מותיות?
Brave...
Bunfact in Alteration without Nolico,
Por Pussago and Ferkelt apply to:
NORDDEUTSCHER LLOYD BREMEN
Queen's Builtling.
MELCHERS & CO..
*AGENTS
#
Telephone 1777.
CANTON AGENTS: JEBSEN & CO,, SHAMERN, B.Q.
THE
CHINA-SIAM
... "HELIOS". B..HIRAH"
LINE.
HONG KONG-BANGKOK »
learing Hong Kong 5th August via Swatow leaving. Hong Kong 18th Augus. via dwatow leaving Hong Kong 25th August via Swatow HONG KONG-SWATOW-AMOY.
*.*. "HELLAS"
10.8. "HAI HING" leaving Hong Kong 23rd August ma. "HAI LEE”. leaving Hong Kong 31st August Accepting Passengers & Cargo for all the above motioned ports.
HONG KONG-SINGAPORE-PENANG-RANGOON Regular Express Service ..HAI LEE" leaving Hong Kong
8th August m.s.HAI HING" leaving Hong Kong 28 August Accepting cargo for all the above-mentioned ports.
Excellent passenger accommodation available.
For freight, pasagé ráter and all other information—Apply to:— THORESEN & CO., LTD.
Queer's Building.
Tel. 30237.
General Agents.
S.S. "BENVORLICH'
Sailing for LONDON, ROTTERDAM, ANTWERP, HAMBURG, HULL and LEITH on or about the 9th August.
Cargo will also be accepted on through Bill of Lading to the usual transhipment ports.
Next Sailing for SHANGHAI & JAPAN
S.S.
Tel. 22533
EL
BENMACDHUI” Aug 5th
For Freight and Passage apply to :--
W. R. LOXLEY & CO., (CHINA) CTD.,
York Balding. Agents:
THE BEN LINE STEAMERS LTD.,
MANILA MINING SHARES
Manlia remained steady. San Mauricios registered a rise from P.1.10 closing at F.1.43 whilst Benguet Consolidated opened P.13) and closed at P.15.
·HONG KONG DAILY PRESS, FRIDAY, JULY 31, 1936.
THE EXCHANGE MARKET
MESSKS. KOZA BROS.
Silver prices were lower yester- day to the extent of 1/8 for Ready and 1/16 For Forward, the quota- tions being 19 7/16 and 19 1/2 re- spectively, Sliver advices reproted India and China as having sold. Speculators bought. The market was quiet with small buyers at the fixed rate. În America the rate was unchanged at 44 3/4«for Spot,
cross-
The London-New York rate was quoted at 5.01 7/8. The New York-London rate was higher at 5.09 3/32
MARKET
Opened with indications of easi- ness but later quletened down,
STERLING
Business" was done shortly after the opening at 1/3 for near de- livery followed by transactions at 1/2 31/32 for December ard August and 1/2 15/16 was Ako arranged for December, delivery. The market closed at 1 p.m. with sellers at 1/2 15/16 July-January. buyers at 1/2 31/32 for any de- livery.
U.S. DOLLARS
་
LONDON EXCHANGE RATES"
Paris
Geneva Berlin
Athens Milan Shanghal
New York Amsterdam Vienna Prague Bucharest Madrid
(BRITISH WIRELESS SKEVICE)
London. July 28, Lutidos July 29.
75 59/64
75 63/64
15.354
12.161
Fox
15,35.
12.481
528
12
63 9/16
63 9/16
5.01.11/18 7.384
5.01 15/16
7.38)
121
38 11/18...
121 1/8 674 36 7/8
Lisbon
Hong Kong
"Brussels
Montevideo
29.75 5.013
229.74
Belgrade
5.01 7/8
Montreal
Yokohama
Helsingfors
Rio
Buenos Aires
Silver Spot
Silver (terward) War Loan
On LoxDOM: -
19 9/16
19 9/18 31
1 7/16 191 31
Closing Quotations
July 3, 1936.
Telegraphic Transfer... Bank Bills, on demand Bank Bills, months'
wight Credits. four months'
tight
O
SHANGHAI:-
On Demand
ON SINGAPORE ( —
Opened with buyers at 31 3/8 leading to a small business at 31 5/16 for September and also for cash. The market closed, at 1 p.m. with small sellers" at 31 5/16 for cash. 31 1/4 August and probably September and 31 3/16" October-On November, buyers at 1/16 higher respectively.
SHANGHAI DOLLARS" Sellers were quoted at 103 1/2. buyers at 103 5/8 for cash.
A
SHANGHAI MARKET There were sellers of Sterling at 1/2 31/32 and U.S. Dollars at 30 1/8 for cash,
0
IN THE AFTERNOON The market was easier in the afternoon.
STERLING
A small business was done early In the afternoon at 1/2 31/32 for cash. Subsequently offers at 1/2 15/16 were accepted for Novem- ber, August, September and Octo- ber, finishing with small sellers at 1/2 15/18 July-September and 1/2 20/32 October-December, buyers at 1/32 higher respectively.
On demand JAPAN:-
ON NEW YORK:—
Bank Bills, ou demand 31) Credits, 60 days' sight 31°19/16
O BATAVIA:-
On demand
451
Bank Bills, on demand $71
13
PRESIDENT LINER TRAVEL SERVICE
is Yours to Command
President Linare freqoesa sailings and their unique stopover privflerna allow you to travel jums pinetly sayyou choose. And Dollar Htemoship Linné and American Hil 2014 worldwide ofion and agents are maintained to wyse you shoes in whatreyr pkce you 2 chance to be. Make your next trip more enjoyable, travelling “The Frosidan's fine ways"
TO SAN FRANCISCO
Via Shanghal, Kobe, Yokohama
Honolulu, San Francisco, Panama
Canal, Havana, New York.
To SEATTLE, VICTORIA
Via Shanghai, Kobe, Yokohama
and Victoria.
Prva Hoover 8am. Aug. 8th | Prea. McKinley M'night July 31st Fres, Cleveland M'night Aug. 25th | Pies Grant M'aight Aug. 14th Pres. Coolidge Yoon Sept 6th Pres. Jefferson M'night Aug, 2 tb Pros, Taft M'night Sept. 22nd | Pros, Jackson M'night Sept. 11th Pres. Hoover Noon Oct. 3rd Pres. MoKinley M'night Sept. 15th!
EUROPE, NEW YORK
MANILA
THE MOST FREQUENT ·
SERVICE
Next Sailing
Via Manils, Singapore, Panang, Colombo, Bombay, Snax Canal, Naples, Ganoa and Marveillen. Prer. Hayes 8. Aug. 1st Pres. Hoover Pres. Wilma 8 mm. · Aug. 15th | Pres. Enyes Pres. Monroe 8... Aug. 29th Pres. Grant Pres. Van Buren 8 a.m. Ser t. 19th Pres. Wils n Pres. Garfield 8 a.m. Sept. 26th | Pres. Cleveland
6 p.m. July 31st
"Nam"Aug, lat
6 p.m. Arg. 8th 8am. Aug. 15th € p.01. Aug. 18th
MOST FREQUENT SERVICE OF THE PACIFIC
DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE
PRODER" BUILDING- HONG KONG,
CANTON KLANGOR !--ÁƑ SHAKEN ROAD,
ON PARIR:
1/2+
Oredits, 4 month's sight 500
ON SAIGON:
1031
On demand
46)
ON MANILA: --
..... 523
On demand "....................
62)
ON BANGKOK :-
CONSIGNEE NOTICES.
} #17
On demand............. SOVEREIGNS Bank Buying
Bate BAR SILVER, per ol
1-92
1/3)
....... 197/16
On demand *.*........ ................. 106 ON INDIA
Telegraphic Transfer... Bank, on demand.........
PHILIPPINE MINING TO
BE ENCOURAGED
U.S. Oil Companies Asked
To Survey Fields
It is the policy of the Common-
wealth government to do all it can to encourage the develop U.S. DOLLARS
ment of the mining industry, Pre- Business was reported at 31 1/4sident Manuel L. Quezon told his for August delivery. The market press conference yesterday. closed with sellers at 31 3/16 July- October, buyers at 31 5/18 for cash and 31 1/4 "August-October.
H. K. STOCK EXCHANGE
YESTERDAY'S.
OFFICIAL
QUOTATIONS
Trams were marked down to $11 at which rate shares changed hands. Hotels were on offer at $5.10 and China Lights at $11.85. Yaumati Ferries and Watsons were dealt in at $20 and $3.60 respec- tively. The market generally was dull and easy.
BUYERS Union Insurances, $547†.' HK, Steamboats, #2). Raubs, $11.
Venz. Goldfields, $4. Bagulo Gold, 37 cts. Demonstrations, $155. Itogons, $2.40.
IXL, $3.10.
H.K. Land. 4% Debentures 103. Humphreys, $3.60:
Yaumati Ferrica. $20. Electrics. $521.
Telephones (Old), $28.80.
Telephones (New), $84.. Malabon Sugars, $ij. Watsons, $3.60.
Constructions (New), 30 eta. Govt. 4% Loan, 8% Prem.
STOCKS
23.7.36 Closing
Antamoks
P.3.35
30.7.34. 30.7.38 Opening P:3.35
Atoks
59CYOS,
SUCvos.
Baguio Gold
241...
22
Closing P.3.35
5Tevas.
23
Benguet Consol
P.15.25
P.15.00
Benguet Explor.
24
23
23
*
H
Big Wedge
41
40
39
Govt. 31% Loan, par.
SELLERS
98
97
P.1.05
IX.L
P.1.05
P.1.95
P.2.00
Itogons
P.1.50 +
P.1.55
P.1.55
Masbate
02
02
52
94
D
Northern Mining
231
231...
23
W
Star Ferries, $90,
Fara. Gumaus
47
45
47.
Ban Mauricio
P.1.10
P.1.30
P.1.45
Buyoc Consol.
.35 ..
90
35+ 90
35.
99
Demonstration
United Paracale
REICHSMARK QUOTA.
TIONS
Berlin, July 29. The Reichsmark was quoted (without guarantee) at:
New York
Paris *****
• Amsterdam
London.....
de
40.28 809.--- 59.24 ... 12.485/
Paris quoted the Found Sterling at 75.97 to 76 and the USA Dollar
at 15.135 to 18.137- Transocean News Service,
RETAIL TRADE IN JUNE
London, July 29, The value of retail trade in June
was 47 percent greater than a year ago. Stocks were valued at 1.7 percent more and employment
as 3.1 percent greater.............
British WirelesTM
HK. & W. Docks, $15.
Providents (Old), $1.55.
Benguet Explor., 39 cts.
Hotels, $5.10.
China Lights (Old), $11.85.
SALES
Autamoks, $5,38. Bagulo Gold, 39 cts. Baguio Explor., 38 cta: Big Wedge. 65 cts. Demonstrations, $1,57. IXL $3,20. Masbate Consol, $1. Paracale Gumaus; 72 cts. San Mauricio, $2/2.80. Buyce Consol, 581/59. cts. United Paracale, $1.48. Hong Kong Trams, $114. Taumati Ferries. $20. Electrice. $521/52.60." Macao Electrica, $20. Telephones. (Old), $26.70/( Watsons, $3.60;
Binceres, $3.
J
He declared that the govern- ment will fight all proposals to assess excessive mining taxes and all devices and measures which might tend to scare away capital which is needed to build up this industry,
on mining companies may be that the present rate is very low. He stressed, however, the import- ance of the government's exercis- ing sound judgment in aling with the mining industry.
HAMBURG-AMERIKA LINIE
NOTICE TO CONSIGNEES.
BE M.8.
THE
"RAMSES' baving arrived, from Hamburg sad Ports of call, Coongnees of Cargo are hersby : notified that their Goods are being landed and placed at their risk into the Hong Kong and Kowloon Whar
CONSIGNEE NOTICES.
SILVER LINE.
NOTICE TO CONSIGNEES
FROM NEW YORK AND LOS ANGELES
THE Metor Vosso!
"SILVERYEW”.
THE
baring arrived from the above Porta on and Godown Company's godowns at 120th instant. Consignees of Cargo are Kowloon, where delivery may bebereby informed that their Goods are obtained as soon as the Goods are landed being landed at their risk into the Bo- not be landed downs of the Hong Kong and Kowloon Wharf and Godown Company, Limited, unless
Kowloon, and stored at Consignees rink and broken, obsted, and damaged Goods
трение. All
Optional ace har been given 43
bere,
hours prior to vessel's arrival, but 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 Godowns, and a Goods remaining undelivered after the Aug. 1836, will be subject to Rent.
"
All broken, chafed, and damaged Goods are to be left in the Grodowa where they will be examined m 8th Aug, 196 at 10 am. by ow Barreyors, Messrs. Goddard & Douglas, To comply with the General Bonded Warehouse Regulations, consignees must have » Revenue Officer in sitendance When damared dutiable goods are examined.
NO MONEY FOR SURVEYS Explaining further why the Commonwealth government would invite private corporations with sufficient capital and good reputa- tion to conduct geologic surveys for minerals in the Philippines, definitely The President
an the President said that the gov- nounced that this administration ernment at this time is not in a will not permit the enactment of position to pay for such surveys. legislation which would greatly in- ↑ The question of drilling for" oll èrease the tax on mines, virtually would involve Bura which the pointing out that the government | Anances of the country would not Hong Kong, 30th July, 1986, would not “kill the goge that lays permit for the present, he said. the golden eggs" for the national treasury.
All claims must reach na before the 20th Angust, 1938, or they will not be recognized.
No Increase will be effected. Bills of Lading will be sountersigned by
JEBORN & CO.,
Agents.
[4594
PHILIPPINE MINING
RATES
(Through the courtesy of Messrs.
G.A. Harriman & Co.) 13
Wednesday, July 29.
Up to this time, according · to the President, helther the bureau of science geologists nor those of TO INVITE OIL FIRMS
private enterprises. have been "As a definite proposal from Com able to determine, whether or not manwealth officials, President
oil exists in quantities which would Quezon would invite reputable oll corporations to come to the Philip capital for exploitation. The pre- Justify the investment of large pines to survey or explore the vailing theory, however. he point Philippine oil fields, and if oil is ed out, is that all might exist in found in commercial quantities. the Islands especially in Mindanao the government would be willing and Islands nearby, since they The following are this morning's to enter into a contract with them are close to the productive oil opening and closing rates on the for their exploitation on the basis basins in Borneo and Sumatra.
Manila Stock of royalty paid to the government.
Opening Closing TO SEEK ASSEMBLY SUPPORT The President expressed regret
Pz. that the
Ke discussed his proposal Standard - Vacuum, which, was interested in the mak- approach the national assembly ing of a geological survey of the for such legislation and moral Islands for oil and which would support as he might need in the have invested capital for oll ex-execution of his plans for deve- ploitation if found, has been driven oping the mining industry, with
special reference to oll Away by the recent oil-promo-
The President intimated that tion scandal. The President ex he was seriously considering invit- plained that it was not his pur-
ing oil corporations, whether pose to discourage legitimate in Philippine or American, to make a vestment but that he wanted to thorough survery of the Philippine protect the public from being al Aelds on the understanding fleeced by get-rich-quick promoters that those discovering all in com- who had nothing to sell since itmercial quantities would be given had never been established that preferential royalty contracts. oll existed in quantities which
President Quezon `belleves in the would justify fooding the local reports of government and private market with 'oll stock.
geologists that the Philippines is
REGRETS FAILURE
"
one
SEE AID IN INDUSTRY
40
Names
Pa,
!
to
Antamoks Atoks
3.35
3.35
52
Baguio Gold
22
23
Benguet Con
13.25 15,00
Benguet Explor.
23
Big Wedze
37
Demonstrations
9%
1.03
Itogons
1.55
1.55
Masbate
62
A2
Northern Mining
231
23
Paracale Gumans
45
47
IXL.
1.95
2.00
Ban Mauricio Spyoca United Paracale Market
1.30
1.45
351
351
00
99
Very Steady, Steady
are to be left in the Godowas, where they will be examined on Wednesday, 5th August, 1936, at 10 am.
All Claim must be presented within 15 Days of the vessel's arrival here after which date they cannot be re-
ognized
Cisima wall to admitted after the Goods hare left the Godows, and all Goods remaining undelivered after the 8th August, 1936, will be subitat to Rest
-No Fire Insurance has been affected,
Bill of Lading will be countersigned
by
FURNESS (FAR EAST), LTD,
2nd Floor, Hongkong & Joangbai Baak Puilding Diale 23185 & 23160.
Hong Krog 29th July, 1938.
[4591
SERVICES CONTRACTUELS DES
MESSAGERIES MARITIMES, '
CONSIGNEE NOTICE,
8.S.ABAM18"
10′′A/88, BRINGING CARGO F10K MARSEILLES, &c. ARRIVED HONG KONG or FRIDAY, THE 24TH JULY, 1936...
WONSIGNTES are heraby informed that their goods with the exception of Opium, Tressure and Valuabim are teing landed and stored into the Go- downs of Harg Kong, Kowloon Wharf & Godown Co., Ltd., Kowicen, whence delivery may be obtained immediately after landing.
All claims must be sent in to me on- or before the 4th Aug. 1938, or they
not be_recoga izad."
will
Damaged Packager will be examined by the Company Surveyor, Mesir. Goddard & Douglas in the presence of the Consignoca at 10.00a.m. on Thurs-
30th July,
1938
Consignees must have a Reverse Officer in attendance when any dutiable goods are examined by the (on pany's Surveyors.
No Fire insurance will be effected by us in any case wäntever.
Agent
R. OEL,
Hong, Kong 24th July, 1936,
CLEARANCES
30TAL JULY, 1930, Sungshan Marn for Canton Tsinan for Amoy
quezon said that the land law Mayebaishi Maru for Singapore Replying to questions, President Calchibu Maru for Shanghai
Bontekoe for Bangkok does not limit the extent or area Hin Bang for Sandakan which may be exploited or deve- Antenor for Singapore.
of the richest regions on properly encouraged the industry. He likewise expressed regret earth in mineral resources, He can produce enough to counteract that the government made little hopes to make the mining indus- the loss of the American trade. success in its attempt to punish try the principal economic mains For. this reason, it is essential that alleged violators of the Blue Bay tay of the country in the event the government use sound judg and corporation laws in connec- that the present trade and econo- ment in dealing with the indus tion with the oil promotion boom. mic, arrangement with the Unit-try.? He said that the material wit- ed State should be so rudely dis- nesses from both, the government tarbed as to upset the Philippine and the outside public have turn-economic set-up. ed witnesses against the govern“ ment and for the defendants.
"If the public wants to be rob- United States based on presenting purposes. What is prohibited bed let it be robbed as far as I terms should be instantly altered by the corporation law, he stated, am concerned," the President decor radically changed upon the in the interlocking of directorships Ninghai for Bwatow lared, after explaining how little establishment of the Philippine re- among mining firms. He said Genoa Maru for Singapore backing his efforts to put a stop public, we have hopes of meeting that under the corporation law one Hai Lee for Swatow to stock watering activities recet-the situation with the mining in- sorporation may not own more Empress of Engs for Manila ved from the public.
dustry until the Philippines has than 30 per cent of the shares of Pet Chin the WoŽU President: Quezon said that a found or created new marketat | stock or capital of another mining Torurning. Maru for singapore slight increase in the present tax President Quezon declared: "It (firm.
Prendent Linco'n for Shanghai,
"II trade relations with the loped by one corporation for min Klungchow for Hothow
Norviken for Bwałow Kaying for Canton
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