1936-10-26 — Page 12

12

DAILY SHARE QUOTATIONS

Hong Kong Stock Exchange

Sharebrokers' Association

Buy 1 Exliere

Salassical

SATURDAY. OCTOBER, 24.

Makare

Malay Bales

LL

Banks

$1,640)

!!!!!!

H.R. Banks "*********

Ea. (London)

Chartered Banks ... Mercantilo Bks "A"

Union ImuranQUE ...

Underwriters

£101

2311 ધ્રા

Do.

C"

183

Bank of East Asia...!

N. U. & S. Burks ... fasurances

$205

Canton Intra-1|386,

3690

$503

#1

1468

China Fires

m

1255

H.K. Fires............................

13t

Shipping

+30

Steamboats

$35

Indos (pref)

336

Do. (def:)

120/7

Shell

Mining

$110

$110

$2:10

International Assos. 3.

Douglasce

B19

Waterho

26 ota Balatocs

12 ots! Gold River.

60 ota ut Creek......

Salneotu

⠀⠀⠀ quin in

10

31,60 £104 £16

£14

183

$570

1585

185 ota

$457 $280

$30

13.30

$30

$20

120/7 $12

150 čla is ots

17 Ju

13/-

Kailas...

10,-

031:

Langkats (single).

$4

Explorations......

$2

12

Shanghai Loune 8.

$2

112

$19

Venezur & sid Fl

Docks, Wharves,

Godowns, etc.

20 ct

#16.

.:

$4.05

HONG KONG DAILY PRESS. MONDAY, OCTOBER 26,

FINANCE

Chinese Loan Settlement

MARCONI.VICKERS"

ISSUES

The Marconi-Vickers Joint Com mittee. which was appointed in 1926, announce that after, long negotiations terms have been agreed with the Government- of China for the resumption of the service of the Eight per Cent, 10- Year Treasury Bills of £600,000 "Marconi" Bills) and the Eight per Cent. 10-Year Treasury Notes Df £1,803.200 ("Vickers" Notes) on "a modified basis. The terus are

as follows:--

the Interest to be paid at (1) rate of 14 per cent per annum for the year commencing July 1, 1936. with annual rates increasing by per cent. yearly, up to 3 per cent. in 1942-43 and 3 per cent. there- after until the bonds are fully pald. Payments semi-annually on December 31 and June 30.

(2) Principal repayment to te gin June 30, 1941, with 1 per cent. per year for the first three years: 3 per cent, for the next four years;

21 per cent, for the next eight years: 3 per cent, for the next 11 years; and 4 per cent. for the last nine years ending with 1975. Draw- Ings to take place during March of each year beginning in 1941. The Government, to be entitled upon reasonable notice and without pre mium to increase the amount of principal retired on any payment 20 at.date.

$134

$111

TWA

$814

31

H.K. & K. Wharves.

Du. (old)

Du.. {ue) ...

Providents judika

Do. (new) H.K. & W. Docks S. China Motors ‘A '|

$81 Shanghai Docks S. New Engineerings8.

Hangkews ....3.

Lands, Hotels, and

H.K. Lands

Do. 4% Debentures Shanghai Landa...S

Metropolitan Lands,

4.K. Baulics....................... Chins Do V., S.

Do. Debontureas.

Humphreys

Chines Bates.......

86.30 $6.40 $630

*1

Bul.dings

H.K. Hotels

E08

!!!!

$40).. $132

$10 80

$6.30

0.15/2

#100

13

$1

Jbj

34

160

$78

Cotton Mill

$70

S'ha Cottousfeld)S.

180

146

Do.

news.

$18

$16

Zoong Sings......S.

$17

195

Wing On Textiles(S.)

198

Public Utilities

$11.90

Tramways!

$11.70

11.00

164

Poak Trams (old)....

Da. (now)

Star Ferries ...........

$21 395

$zał $14.60

Yaunati Ferries ...

1322

11.45, 10

Chins Lights (old)...† $14.60

k

111

Do. (new)...

$12

$631

H.K. Eléctrica .................

$33+

$20

Maçao do.

28.30

Saudakan Lights .......!

$29 $102

PAY

$29

(new)

$11

China Bases ..............S.

27

Tractions:

1271-

Do. (pref.)......

Industriala

Malabou Sugará ...

$2.20

#15 Macgregors f{pr«f,18. |

12.16

$112

$11.80

#114

$3.80

12%)

$31

$11

$221

ן

SHA

Telephones (old)...

Do.

$19 Caldbeck, and

Canton Icon..... Cemvats

$3.30 Ropes ******

Miscellaneous

|42]etx

$5

13

| 14.85

$2

Dairy Farmaya Amusements

Ch. Etainment.................... Constructions, (old}{

Do.

Lane Crawford,

EOW

Sanyang Tobacco

Mackintoshs

Sincers ar Watons..... |

40 ct. Wm Powells

$1.36

M. Greyhounds 8.0. Enterprises

99 Ch.G.6%1925G.JBds.

H.B. Gort. 4% Los

Do. 31%

Wallace Harper.....

H.K. Wing On

prem.

per

$50

Date

!

(3)

and Payment of interest principal to be secured on the salt- revenue of the Chinese Govern- ment subject to payments there- from in respect of existing loan charges and commitments.

(4). All arrears of Interest up to June 30, 1938, to be cancelled.

that

In their circular the committee state that, the terms are a sub- stantial advance on those were put forward by the Chinese Government in May last, when negotiations were actively renewed.

H. K. STOCK EXCHANGE

SATURDAY'S OFFICIAL QUOTATIONS

1936.

THE EXCHANGE MARKET

MESSRS ROZA BROS.

Saturda Saturday, UCL 24.

Silver prices rose 1/18. yesterday for both deliveries, the quotations The market continued firm and being 19 15/16 for Ready and For- reported Silver advices prices in most cases were marked ward.

as having operated both higher. The volume of business India however was on a restricted acule ways. Supplies were us holders or snares are expecting | After a better market arter the Settle- ment.

The Mining section was firm.

BUYERS

*J

Hong Kong Banks, $1640. Union Insurances, $500

H. K. Steamboats, 367. Indo-Chinas (Det.); $36. H. K. Wharves, $110 Providents (old), $2.10, Venz Goldfelds, $6. Benguet Explor. 40 ets Big Wedge, 90 cts. Consolidated M.nes, 16) cts. Demonstrations, $1.75. Ipo Gold, 40 ets

I. X. L., $4.

Paraçale Gumuaus. Sij Hotels, $6.20.

H. K. Trams, $11.90. Yaunat! Ferries $231. China Lights told). $14 60. China Lights (new). $11. **

H K Electr'es. $53). Telephones (old), $29, " Telephones (new), $102. Cements. $113.

Dairy Farma. $223.

Govt. 4 Loan. 8% Prem. Govt. 34% Loan par.

SELLERS Suyoc Consol, $1.16. H. K Lands. $40......

SALES

Union Insurances $593. H. K. Steamboats, $51.. H. K. Wharves, $110. Atoks, $1.15/1.18.

Bg Wedge 91/92 cts. Consolidated Mines.. 10 cts. Demonstrations. $12/1.77). Northern Mining. 49 cts. Santa Rose. 16 cts. Paracale Gold, 91 cts. Hotels, $8.15/6i.

China Lights old) $14 45/14 70, Telephones told). $281. Cements, $11.80.

FURTHER ADVANCE

OF COPPER.

It cannot be too strongly e- phasized, state the committee, that the holders of these Bills and Notes are and always have been in a completely defenceless positiod; having no security and no real #means of enforcing their rights. The main feature of the new terms,

London, Oct. 23. the committee point out, is that whereas the Bills and Notes were The sustained strength of copper. originally unsupported by any which to-day advanced a further specifc security, they will in fu- five shillings to 425/16, is giving rise in metal circles to talk of yet ture be a charge upon the re- venue from the Salt Gabelle. This Brother increase in production in the committee consider to be of the near future. the first importance, as according

"

scanty. the official fixing there wer buyers at the Axed rate but sellers were reserved. In America the rate remained at 447 for Spot The London/New York cross-rate "The New wwas quoted- 304.887 York/London rate was quoted at 4.887.

MARKET

Firm but very dull.

* STERLING".

No transactions were reported. There were sellers at 1/2 29/32 October/December and 1/2 Jan- uary/February, buyers at 1:2 15/16 cash/January and 1/2 29/32 February.

U.S. DOLLARS

51

BANKS

HỤNG KONG AND SHANGHAI BANKING CORPORATION

Authorised Capital

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

Lasued & Fully Paid-Up $20,000,000

Reserve Fund-:--

Sterling...

-£-8,500,000

Hong Kong Currency

·Reserve.....

$10,000,000

..$20,000,000

Reserve Liability of

Proprietors

Head Office: HONG KONG

Board of Directors. Hon. Mr. J. J. Paterson,

THE CHARTERED BANK OF INDIA AUSTRALIA AND CHINA Incorporated by Royal Charter, 1953

HEAD OFFICE: LONDON.

Paid-up Capitai.

Reserve: Fund

| Reserve Liablilty of Pro-

- £3.000.000

£3.000.000

prietors. £3.000.000.

Agencies and Branchet-e

ALOR STAR ILOILO

AMRITSAR BANGKOK BATAVIA BOMBAY

BAIDOS

(POR

BIMARANG

KARACHI

KLANO

KONE

BEREMBAN

BHANGHAI

SINGAPORE --

- Chairman.

CALUUTTA

CANTON

KUALA

SITIAWAN

LUMPUR

SOURABAYA

Hon. Mr. W. H. Ball.

TAIPING -TJENTSIN

G. Misking Esq.;

Deputy Chairman. CAWNPORE KUCHING

A. H. Compton, Esq., Hon. Mr. S. H. Dodwell, Hon. Mr. M. T. Johnson,

J. R. Masson, Esq.,

K. S. Morrison, Eaq., T. E. Pearce, Esq., AL Shield, Esq.,

T.

There were sellers ac 308 Octo| Amoy ber/November. 30 5/16 December Bangkok January and 304 February. buyers Batavia at 1/16 higher respectively, No business was reported.

SHANGHAI DOLLARS "There were sellers at 103. buyers probably at 103 1/18 for cash.

12 US.

SILANGHAI MARKET

There were sellers of Sterling al 15/32, buyers' at 112 cash.

ac Dollars. sellers buyers at 29 3/18 for Spot. Steady.

291.

TRADE EXHIBITION IN LONDON

Sir Harry McGowan On The Future

London. Oct. 23. In opening the Trade Exhibition in London to-day, Sir Harry McGo- wan, Chairman of the Imperial "Much Chemical Industries, said:

can be accomplished by the Cor-

GRAYBURN, Esq.,

Chief Manager.

Branches:-

Iloilo Peiping. Ipoh

Kuala

Johore

Bombay

Calcutta

Kobe Kowloon

Canton

Chefoo

Colombo Dairon

Foochow

Penang Rangoon Saigon

Son Pran-

cisco

Lumpur Shanghai London Singapore Lyons Sourabaya Malacca Sungei

Haiphong Manila Hamburg Muar

Patani Tientsin

Hankow (Johure) Tokyo Harbin Mukden Tsingtao Hongkew New York Yokohama

1

TONGKAT

(Bhuket)

CKET

MADRAS

COLOMBO

'MANILA

DELHI.

MEDAN

HAIPHONG

NEW YORK

TEINOTAU

HAMBURG

KANKOW

XAIBIN

PEIPING

ТОКОНАХА

(Peking) BOANGA

PENANG

BONG KONG BANGOON

FOREIGN EXCHANGE and General Banking Business transacted.

* CURRENT Accousts opened and FIXED DEPOSITs received for One Year or shorter periods at rates which will be quoted on applica tion.

The Bank's Head Office in Lon- don undertakes Executar & Trustee business, and claima recovery of British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.

A BREARLEY,

Manager.

-

THE CHASE BANK

Current Accounts opened in 15, QUEEN'S ROAD CENTRAL Local Currency and Fixed Deposits received for one year or shorter periods in Local Currency and Sterling on terms which will be quoted on application.

Also up to date Safe Deposit Boxes in various sizes To Let.

Hong Kong, 3rd, July, 1938.

HONG KONG SAVINGS BANK

above HE Business of the

Back is conducted by the

ernment in easing the way of trade across the world's frontiers. High

re HONG KONG & SHANGHAI tarifs quotas and exchange strictions have operated for years BANKING CORPORATION. Rulea

of Interna-may be obtained on application. against the recovery

For the HoxG KONG & SHANGHAL tional Trade but within the last

RANKING CORPORATION. + few weeks currents have been set moving in the financial and econo- mic life of the world which may well mark the beginning of a new era as well as new nopean-Europe and the rest of world. The solid front of America, France and Great Britain in succesfully negobating exchange arrangements is one of the most constructive moves made

Y. M. GRAYBURN,

Chief Manager. Hong Kong, 4th February, 1938.

THE AMERICAN EXPRESS CO., ING

"Whilst fully recognising the fact since the war. The promise for the AMERICAN

to information which has been that the two recent increases have $10.30 placed at

24/6

50 ota

$6.90

14:30

(50 stk.

96%

$109

$100.

B'hal Do

Vibro Piling ********

301 $42.

Height

REGISTER.

not yet been fully assimilated by the market, well-informed quarters point out that the consuming de- allmand is at present running at a pace which more than absorbs the present production.

their disposal by the Chinese Government the margin of Income arising from the Salt Gabelle, after provision for existing commitments thereon, is very substantial indeed.

Furthermore, expanding sales in BEST TERMS OBTAINABLE

America this week induce the be- The committee remind the hold- lef that the domestic price will ers that the debts represented by

ten be raised to

cents shortly. opposition these Bills and Notes were con- | despite the

or tracted by the Government of largest 'low-cost producers.--

Reuter.

been impossible to

the

future in consequence of this ar

signin- rangement is profoundly cant.

With fetters of quotas. tariffs and exchange controls re- moved we shall see a new impetus given to freer exchange of goods internationally. The busy world to a peaceful world. British Wireles.

SINGAPORE RAW RUBBER

Laten Singapore Prices

communicate

feel

Peking at a time of great uncer- tainty in China and when that Government was not considered to be fully representative and was

with them. The committee approaching its fall. They are

made satisfied that the terms are the that those who have not

any contribution at all up to now best obtainable under present con-

would not expect to enjoy the ditions in China, and believe the

samme benefit as those who have. Chinese Government are not ac-

contri- tuated by a desire to escape their without equalizing their

arebution. Therefore it is suggested: full legal obligations, but governed by the practical con--(a) That the basis of the whole sideration of "capacity to pay." contribution by the holders should The committee, therefore, while be e per cent. in Bills or Notes, or £2 per cent in cash, as can be they in no way bind individual holders, are strongly of the view that it is in the interest of all the holders to accept these terms.

The committee feel sure

best arranged to meet the wishes of the holders. (b) That those who have already contributed 10s. that per cent, in cash shall only be

the holders would not wish the asked to contribute a further 30s. services of those who have as- in cash or 4 per cent, in Bills of sisted in China to go unrecogniz- Notes." ed, and it is suggested that their remuneration should be fixed at 5

B, B. JOSEPH & CO.

Saturday, Oct. 24. Meara, H. B. Joseph & Co. re: ceived the following quotations tom Singapore in Straits tency for Raw Rubber

Buyers

Spot

Jan.-Mar. April-June Nov.-Dec. Market:--Steadier.

Cur-

271 Up i 272 Up i 277 Up t 271 Up'i

HUMAN OSTRICH →

Inorgan with Limited Liability in Ú.B.A.

HEAD OFFICE:

18, PINE STREET,

NEW YORK.

An American Bank offering com- plate Foreign Banking Bervice in the principal Markets of the world."

Interest Rates on. Application.

SAFE DEPOSIT BOXES

This Bank is entirely owned by THE CHASE NATIONAL BANK, NEW YORK, with Resources over U.S. $3,027,000,000.00

D. M. BIGGAR,

Manager.

THE YOKOHAMA SPECIE BANK

LIMITED

Capital (fully paid up) Reserve Fund ...

You 100,000,000.00/ Yan 130,000,000.00

HEAD OFFICE-YOKOHAMA

BRANCHES AND AGENCIES AT! Alexandria Honolulu Rangoon Bangkok Hainking Rio do Bataria Karachi

Berlin

Kobo

Bombay London

Head Office: 6 BROADWAY, NEW Yoax Calcutta. Los Angeles Seattle

Canton Manila Dairen Moji

Capital ............. U.8.10,000,000.00

U.S.2,240,344.38 Reserves...............................

U.8) 3910 Amsterdam The Hague Moatroux

Surplus syste

Antwerp

Athens

Basle

Berlin

Bombay Brussels

Cairo

་་

Hamburg Munich

Havana

Havre

Naples

Nice Heidelberg Paris Intertaken Peiping Jerusalem Piraeus Liverpool Rome Calcutta London Cannes Lucerne Lugano Colombo Copenhagen Luxor Dublin Manila Edinburgh Marseilles Venies Florence Milan Vienna Седета Monte Yokohama

Genoa Glasgow

Rotterdam Shanghai Singapore Southampton

Tientsia

Carlo Zurich Montreal

Branches of American Expiem Company in Principal Cities of United States of America and Canada.

All class of Commercial Bank- |ing Transactions undertaken.

Personal investment handled.

accounta

C. H. BENSON,

General Manager.

DONT FORGET

A peasant with a passion for

The Company offers to intending accepting wagers that he would travellers the use of its "Travelers Five of the most important swallow bits of metal, has been Chequer and Letters of Credit holders of the Bills and Notes who operated upon in a Trieste has- and, in addition the world wide per cent. of the Bills or Notes, As were brought into conference by pital, and had a fearsome assort services of its thoroughly equipped

izonmongery removed Travel Department. HONGKONG METEOROLOGICAL regards the committee themselves, the committee have approved not ment of

the suggestion is that their, re-

only the terms of the settlement from his Inside. The report would muneration should be 1 per cent. Itself but also the proposed rebe incredible were it not for the

doctors' assurances. of the Bills or Notes (to be ap-muneration.

It is anticipated that in the Thirteen small keys, one front portioned among them at the dis- cretion of Bir Maurice Jenks, as course of a few weeks instructions door key, one screw, one sardine the total will be issued to holders with retin opener, three cigarette holders, chairman), making charge.6 per cent, which will in gard to the lodgment of Bills and one small spoon, fire fountain pen clude all expenses incurred by the Notes for the purpose of having caps, 13 pieces of pencil, two me- committee on this aide and their the new terms endorsed thereon tal pencils, four small penknives, agenta on the other. Assuming and the new coupons attached a safety razor handle, two needles, time a piece of glass, four two-lire that a conservative" value to place thereto; and at the same upon the Bills and Notes now that holders will be asked to intimate pieces, one half-lira piece, and a watch chain were taken out of 2331 approval of the proposed these terms are settled is per £100, then 6 per cent. on Bills muneration and to indicate whs the man,

When the patient recovered con or Notes is the equivalent of 23 ther the settlement thereof shali

be in the form of a surrender of sclousness after the operation, he per cent, in cash

Many holders have subscribed Bills or Notes or payment in cash. saked if the eight and a half lire Holders of the Bills or Notes had been found. On hearing that 108. per cent. in casti to provide a B=Blue sky; Oloudy D-fund for the out-of-pocket ex- who have not received a copy of the money was once more avail- com-able he exclaimed. Then buy Drimle; F-Fog; L-Lightning; penses of the committten incur the circular are invited to Mist; OOvercast; P=Paing red during the negotiations, brat municate with the secretary of wine and let us drink to the health, Showers; J-Squalls; Emaiahat does not apply to all holders, the Joint Committee, 6, Old Jewry, of the doctors who have opened. TeThunder.

partly for the reason that it has London, EC2

HONG KONG TIDE TABLE

From Oct. 26, to November 1, 1939,

HIGH WATER.

LOW WATER.

Hoog Kong Standard Standard

Time.

Hong Kong

Time

b. m.

Barometer.. Temperature Humidity Wind-

Hong Kung Unservatury, Oct. 24

Previous On Data Un Date

Day at 4 pm] 10 a.m. p.m.

29.99 70

BOAM 79 $7

29 94

69

Mozi,

25

0449.8 6

Direction 起

1835 58

1212

Force

Tres 97

06 09

0023

Weather

10:0

18 41

.14 62

1 Bain...

Wod. 18

0712

01 21

1480

1380

Thur 28

82?

04 11

9016

1404

Fri. 90.

Sat. 31

Boo.

1

7 81 0971

02 53 16 8 80 60 1 1437 91 319 [60

03 4811 15 10 84 21 20 83

1438 LO 11B 6 7 2008 815 43 37

Highest open-air Temperature, 13: 80 Lowers open-air Temperature, 34:71

IS

my safe.

THAT WHEN You are at Home you can get the KONG HONG DAILY PRESS SELFRIDGES.

acairo

San

Francisco

Semarang Shanghai

Fengtian Nagoya

Scorabaya

Hamburg Osaka

(Dalny) Nagasaki Singapore

(Mukden) New York Sydney

Hankow Paris

Tientsin

Tokyo

Harbin Peiping Tsingtao

Bong Kong

Yinkow

Interest, allowed on Current A

counts.

Deposite

received for. Fixed Periode at rates to be obtained on application

G. KISHINAMI,

Manager. Hong Kong, 11th Sept. 1988.

BANK OF EAST ASIA, LIMITED.

6,508,500.00

Authorised Capital $10,000,000.00 Paid-up Capital Beserve and Undivided

Profita

9,886,305.69

HELD OFFICE:-How Kowa No. 10, Des Voux Road, Central

Board of Directors ?

Bir Shouson Chow, Chairman!

P. K. Kwok, Eag Wong Chuson, Esq. 4 Koon Chun Eeq. La Lan Bang, Feij Wong Yun Tong Lan K Ying Pu, Esq.

Chan Ching Shek, Loq

Kan Tong Fo, E, Chief Manager, Li Tse Pong, Esq., Manager.

Branches and Agencies —

‚'Soccercaya BWLLOW

Amy

Kowloon Mand

[boorne

Semarang | VANDUTER

Tokohama

Every description of Banking and Exchange business transacted- Losos.

glinted

Cart Accoun Igal

sad

Do

mager,